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Courses/Accounting & Tax/Tax Update

Tax Update: Key Legislative and Compliance Changes

Stay up-to-date with the latest tax and GST changes impacting SMEs in New Zealand, including recent legislative updates and policy releases.

Created byTEO Training
5.0
(4 reviews)
BeginnerUpdated Jan 20, 2025
Tax Update: Key Legislative and Compliance Changes

What You'll Learn

check_circleAppreciate the potential impacts of recent tax law changes on your work.
check_circleExplain recent changes in tax law and practice as they pertain to your clients.
check_circleApply your learning to the preparation of the forthcoming year’s income tax and GST returns.
check_circleNavigate the latest changes to the bright-line test and interest limitation rules.

About This Course

New Zealand’s leading three-hour Tax Update returns. This practical course takes you through the latest changes in tax law and practice — knowledge you’ll be able to apply when preparing income tax and GST returns.

Find out about the changes that have occurred relevant to SMEs and accountancy practices of SME businesses.

The course will cover:

  • Legislative Changes
  • Policy Releases – A review of IRD statements issued

Some of the specific topics to be covered are:

  • Tax issues resulting from the change to the trust tax rate
  • Taxation of backdated lump sum payments
  • Charities changes
  • Clarifying the meaning of “building” for depreciation purposes
  • Brightline test - Main home exclusion: construction period
  • Deductibility of land holding costs
  • GST – Court awards and out-of-court settlements
  • Tax & GST treatment of grants & subsidies received
  • Interest limitation rules and short-stay accommodation
  • How the bright-line test applies to certain family and close relationship transactions
  • Deductibility of software as a service (SaaS) configuration and customisation costs
  • IRD's approach to settling disputes prior to a formal challenge.
  • Directors and board members providing their services through a personal services company
  • GST – goods purchased on deferred payment terms
  • IRD scenarios on tax avoidance

Please note the course will include two short intervals.

 

Suitable for: Intermediate to senior accountants in public practice and any accountants working for privately owned companies.

Your Instructors

TEO Training
TEO Training
menu_book204 courses
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.

Credit Information

What Students Are Saying

5.0
Student's Choice
4 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.