Demystifying Family Scheme Income: A Comprehensive Guide to WFFTC Entitlements
The very complex and difficult-to-apply definition of Family Scheme Income underpins a person’s entitlement to WFFTC.
In this two-part webinar series, we will review the rules, requirements, interpretation, and practical application of this challenging-to-calculate entitlement.
In part 1, we review the rules and qualification criteria for each type of WFFTC. In part 2, we will review the legislative definition of Family Scheme Income. This will include a review of the policy and guidelines from Inland Revenue.
We will use examples and case studies to identify and clarify some of the difficulties that have arisen over recent years, especially for individuals operating through business structures such as companies and trusts.
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Suitable for:
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.
