Online / Virtual
Training/Advice
Event
Wiseradviser : Business Debts - Self-Employed Clients and Directors of Limited Companies
Advice NI
This is a free event
This course will help you give advice on common situations that may arise with business debts, and identify when you may need to refer on. Get an overview of business type, budgets, and factors that affect viability. You will also learn about allowable expenses, capital allowances and how tax is assessed.
This course will enable you to advise and assist individuals with business debts when they have ceased trading and to make appropriate referrals where they continue to trade. The main focus is on sole traders without employees, although some of the law and principles equally apply to other types of business.
Course Objectives
By the end of the course, you will be able to identify:
- The definition of a sole trader, partnership and company
- A statement that summarises the correct level of adviser involvement for the business types covered and key areas an adviser can or cannot advise on
- The most appropriate practitioners to direct your client to when a signpost is made
- Factors that impact on a business's viability and methods that can improve it
- Examples of priority or non-priority business debts and examples of business debt sanctions
- Steps to take when completing a business budget
- The relevant tax return forms in relation to turnover, the key figures to use when calculating tax for small businesses and the key deadlines involved
- Tactics to negotiate an accountants lien, the 3 elements of 3 line accounts and expenses that cannot be included
- Actions that need to be taken if a client has ceased trading
- Actions an adviser can or cannot take in relation to VAT and tax debt
- The 4 national insurance classes
Sector:
- Advice services