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Courses/Accounting & Tax/Tax Planning & Compliance

GST Essentials: Avoid Costly Errors

Mastering Taxable Supplies, Invoicing, and Compliance with GST Regulations.

Created byTEO Training
BeginnerUpdated Jan 17, 2025
GST Essentials: Avoid Costly Errors

What You'll Learn

check_circleIdentify and apply GST rules confidently.
check_circleUnderstand the essentials of GST.
check_circleApply GST rules in everyday situations.
check_circleManage taxable periods and maintain proper documentation to fulfill GST reporting requirements.

About This Course

GST is a part of everyday life in New Zealand. Because it’s so integral to business operations, the essentials of this tax are often overlooked or taken for granted. While in most cases, the GST impact of a transaction is straightforward, a lack of understanding can lead to costly mistakes.

This seminar will provide a clear analysis of the legislation’s essentials and equip attendees with the tools to effectively manage GST.

Specifically, we will cover:

  • The difference between taxable and zero-rated supplies.
  • Understanding going concerns.
  • Defining what constitutes a supply.
  • Exempt supplies.
  • Registration requirements.
  • What constitutes a "taxable activity."
  • How to determine the value and timing of a supply.
  • The requirements for a tax invoice.
  • GST accounting methods and periods.

 

Suitable for:

This introduction to GST is best suited for those new to accountancy or financial roles in business. It also serves as a great refresher for those with prior experience working with GST.

Your Instructors

TEO Training
TEO Training
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star214 reviews

TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Mike Hadwin
Mike Hadwin

Director, Symmetry Advisory

Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-plus years of tax experience as a public Chartered Accountant (CA) and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.

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