Understanding Deductibility and Capital Expenditure Challenges.
Investment in fixed assets is a significant part of the capital outlay for many businesses.The income tax deduction for repairs and maintenance of these assets is an area that continues to cause many problems for business owners and accountants.
There is no specific provision that addresses the deduction to be allowed for repairs and maintenance. The current income tax rules are found only under the general deductibility rules.
The lack of legislation in this area provides uncertainty in distinguishing between capital and deductible expenditure.
The course will review the income tax treatment, including a review of:
In each area, we will review the law and its application and work through practical examples to illustrate that issue.
Suited to:
This course will be suited to intermediate through to advanced accountants in public practice who are dealing with SMEs. It will also be suitable for corporate accountants of SMEs.
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
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.
