Accounting and Fiscal Closing 2014

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Carry out the Check list for the 2010 accounting close and all the corrections that can be made before March 31 to reduce the corporate tax base.
Take advantage of all the opportunities to obtain “tax credit” via the accrual of income and expenses.
Obtain the maximum benefit from the differences between accounting valuation and amortization standards and those applicable to Corporate Tax.
The accounting of the 2010 Corporation Tax in the accounts for the year and its tax saving effects.
Reduce the corporate income tax base with respect to accounting profit through the incorporation of off-the-books adjustments and the application of the maximum possible deductions.
Review and analyze in depth the latest consultations and resolutions of the ICAC and the General Directorate of Taxes.
Optimize the tax treatment of deductions for double taxation (dividends and internal capital gains). Update yourself on the news on installment payments of Corporate Tax.
Understand the scope and impact of the General Tax Law and the Regulation of the Penalty Regime.
Understand the tax incidence of the NICs when affecting the determination of the accounting result and the tax adjustments of the corporate income tax base.
Know the opportunities to compensate results between group companies through tax consolidation.

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1. Introduction Introduction to the Accounting and Fiscal Closing.

2. Latest Adjustments at the 2010 Accounting Closing.

Amortizations (types and characteristics).
Provisions.
Exchange differences.
Other adjustments for the accounting and fiscal closing.

3. Check List for Accounting Closing.

Step by step of each of the procedures prior to accounting closing.

4. Fiscal Closing 2010.

General considerations of Corporate Tax and VAT.
Tax possibilities available and that can be applied in this settlement (monetary correction coefficients).
Adjustments to the Tax Base and deductions for training, new technologies, job creation, R&D&i, environmental investments and deductions for reinvestment.
Fractional payments.
Resolutions and consultations of the General Directorate of Taxes and the European Union that affect the settlement of the 2010 Corporate Tax.

5. Implications of the New PGC in Accounting and Taxation 2010/2011.

Application of the new PGC in 2010/2011.
The tax base, tax adjustments and determination of the result with the comparison to the IAS/IFRS.

6. Corporate Tax Regulations.

New General Tax Law.
Fiscal consolidation of Corporate Tax between group companies to offset results.
Tax news 2011 and accounting planning for optimization.

7. Resolutions That May Modify the Closing.

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