Explore advanced GST issues, including taxable activities, director fees, unit title bodies, court settlements, and subdivision compliance.
This webinar will consider some specific troublesome GST issues that are either subject to current IRD audit activity or IRD statements.
This webinar will focus on the following issues:
Requirements for a Taxable ActivityWhether taxpayers are legitimately registered for GST has continued to be a focus of Inland Revenue. It has been writing to taxpayers regularly filing nil returns, requiring them to confirm they have a taxable activity. What is required for a taxable activity and whether one exists has been the subject of several recent Inland Revenue statements and technical decisions, and will be examined in this webinar.
Director’s FeesAlthough there have been no changes in the GST legislation treatment of director’s fees since the Goods and Services Tax Act 1985 was enacted, it continues to cause issues for taxpayers. This webinar will look at Inland Revenue’s recent publications that seek to clear up that confusion.
Unit Title Body CorporatesAnother area where confusion arises, and which Inland Revenue has recently published guidance on, is how the GST rules apply to unit title body corporates. This webinar will consider Inland Revenue’s statement and the implications for the unit owners in a body corporate.
Court Awards and Out-of-Court SettlementsWhen GST applies to a court award of damages or an out-of-court settlement is another area where the GST treatment is not always clear or obvious. This webinar will consider Inland Revenue’s updated guidance on this matter.
Suited to: This webinar would suit anybody at an intermediate level or higher working in an accountancy practice providing services to GST-registered activities. It is suitable for corporate accountants, those in public practice, and in general business.
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Partner – Tax Advisory, Findex/Crowe
Stephen Richards is Partner in the Tax Advisory team at Findex. Findex is one of the largest providers of integrated financial advisory and accounting services to individuals, SMEs, and corporates in Australasia. Stephen has been practising in tax advisory for over 20 years and is a sought-after speaker on tax topics, including for CCH, CAANZ, and TEO Training courses and lecturing in taxation practice at the University of Otago. Stephen is renowned for making complex topics understandable.
