Understanding Family Scheme Income and WFFTC Entitlements: Rules, Challenges, and Practical Insights
From 1 April 2011, a new definition of Family Scheme Income was legislated for determining a person’s entitlement to WFFTC. In this webinar, we will review the rules, requirements, and interpretation of this entitlement. We review the rules and qualification criteria for each type of WFFTC and 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: Intermediate through to advanced accountants in public practice, corporate accountants, and anyone involved with people who are entitled to claim the Working for Families Tax Credits.
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.
