Hi all,
Now that January has passed, I wanted to give you a quick overview on what I have been working on over the past few weeks and a general update on what has been going on in the tax practice recently.
As I mentioned in my last blog, January is a very busy month for us as we carry out several corporation tax sign-offs. This tasks involves reviewing or providing the corporation tax figure for inclusion in a company's financial statements. I visited a client based in Maynooth at the end of January in order to carry out such a review at the client premises. I was accompanied by an Assistant and Specialist 2 and we spent the day running through the information provided by the client and drafting the corporation tax computations for the group companies. Face to face meetings are always very beneficial and definitely help to strengthen the relationship between PwC and our client contact. We continued our work from the office the following week and completed the assignment recently. The next step in the process will be a review of the signed financial statements so that we can finalise our computations and prepare the corporation tax return "Form CT1", for submission to Revenue.
I am currently preparing for assisting in an internal training session on stamp duty which is due to take place next week. Three members of the stamp duty team will be delivering the training session to those at Manager and above levels. We will be providing an update on recent proposed changes to the stamp duty legislation and giving an overview recent stamp duty work carried out across the firm. The entire tax practice will be attending a training session this afternoon on the Finance Bill 2012. This is an annual event which is hosted away from the Spencer Dock office. It is a session which provides a good overview on the various changes proposed in the recently issued Finance Bill. As the training covers all tax heads affected by the changes, it is a good way for us in corporation tax, for example, to hear about amendments to the VAT or personal tax legislation.
Finally, PwC is involved in an initiative called the "People Giving Scheme" which provides an opportunity for employees to donate a sum to five chosen charities through their payroll every month. The five charities who benefit change every year. We elect five new charities at the end of each year who will benefit from the People Giving Scheme the following year. Every year a substantial sum is collected and divided between the five very worthy causes. Representatives from the five chosen charities from 2011 will be visiting the office tomorrow and receiving the proceeds of last year's donations. I have been asked, along with some other PwC representatives to meet with the charities tomorrow so I am very much looking forward to this.
Bye for now,
Aoife
