For the inside perspective on what it’s like to train at Goodman Jones, check out the profiles from two of our trainees.
He will be looking at the optimisation of members’ individual tax positions.
This session looks at both simpler and more complicated scenarios, highlighting potential issues (tax and commercial) that should be planned for in advance.
The session will cover:
- Allocation of trading losses between members
- Restrictions on allocating losses (and profits) to corporate members and other issues for mixed partnerships
- Notional profits and losses – reallocation and commercial issues
- Restrictions on sideways loss relief by members
Goodman Jones partner, Philip Woodgate quoted in the ICAEW publication Economia on handling the issues that FRS102 raises for more complex entities such as LLPs and international businesses, page 81.
Key lesson for all though is not to underestimate the time needed to prepare the new accounts.
We are pleased to announce that we have been voted winners of the Taxation Awards 2014 in the best single office practice category.
The Taxation Awards are recognised as the gold standard of excellence in the UK tax industry.
Graeme Blair, head of the Goodman Jones tax team said:”It is gratifying that external judges have acknowledged the excellence of the tax services that we provide to our clients and the strength and depth of our tax team.”