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Courses/Accounting & Tax/Tax Planning & Compliance

Severe Weather Tax Issues for Businesses

Tax Relief for Severe Weather Losses and Cyclone Recovery

Created byTEO Training
BeginnerUpdated Jan 21, 2025
Severe Weather Tax Issues for Businesses

What You'll Learn

check_circleBe aware of the multitude of tax issues that the severe weather caused.
check_circleBe able to advise clients on t by the insurance claims etc. (e.g. depreciation recax effective solutions to address windfall tax profits causedovered).
check_circleBe aware of the one-off employer tax reliefs.

About This Course

This course will cover what weather related losses can be expensed (e.g. buildings and plant) and what cyclone based tax reliefs are or will be available for employers and in respect of windfall taxable income.

In particular, we will be using the legislation introduced on budget day to discuss in detail and with examples the tax reliefs from excess depreciation recovered from the destruction of insured assets.

The term severe weather refers to the three recent severe weather events in the North Island – the two cyclones and the Auckland anniversary heavy rain.

Suited to: 

  • Accountants in practice who are advising clients affected by the severe weather, and
  • Accountants in the corporate world whose businesses are impacted by the severe weather

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.

Jim Gordon
Jim Gordon

Director, Jim Gordon Tax Ltd

Jim Gordon FCA started preparing farm accounts in 1974. He has been involved with almost all of the primary sector tax reforms since 1986. Jim brings a wide range of both theoretical and practical experience to his presentations.

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