Recordings


Whats available?

2016

Tax Consequences of the Unexpected

What are the tax consequences of it ‘hitting the fan’? What are the tax consequences of death? What about when a marriage or a business relationship unravels?

Despite its inevitability, at times there is a reluctance to talk about or plan for death. At the start of a relationship, marriage, employment relationship, business or contractual undertaking the assumption is generally that things will go as planned, and will be successful. However death is a certainty, divorce and business failure rates are high, and every day somewhere there is an employment grievance or a contract breaking down. Not understanding the tax issues arising from these events can make them even more costly and stressful than they are already.

So what are the tax consequences when it all hits the fan, and is there any planning that can be put in place, just in case…

This course is based on real life case studies. It will use these real life scenarios to highlight the taxation issues that can arise, and the potential benefits of planning.

These will include: How the Income Tax Act 2007 deals with the asset transfers that occur on death, including how and when the exceptions to the general treatment  apply, The GST issues that may arise on a registered person’s death , The tax implications of an individual’s death for a sole trader or partnership, Income tax and GST implications of transfers of relationship property, and the possible opportunities available, Tax issues arising with the possible exit of a business partner or owner, and the possible consequent ending of that business or activity, Tax issues which can arise from employee grievances, Tax treatment of settlements for breaches of contract



Practical Tax Issues for Charities and Non Profit Entities

A review of a number of practical tax issues facing charities and non-profit bodies.

This case study based course will include:

EXEMPTION FROM INCOME TAX FOR CHARITIES - Impact of recent cases, Charitable activities outside New Zealand – recent issues paper, Consequences of deregistration and dropping off the Charities register

DONATIONS TAX CREDIT - Do all donations qualify for a tax credit?, IRD requirements for annual receipts

FRINGE BENEFIT TAX - What is exempt and what is not for charities

PAYMENTS TO "HELPERS” - Employees & allowances, Are they a contractor or an employee, Volunteers, Income tax treatment for recipient

NON PROFIT BODIES - Income of non-profit bodies – taxable or exempt, taxation for mutual associations

GST -  When is registration for GST required?, Should there be GST on donations and grants?, Practical issues on review by IRD

EMERGING ISSUES FOR CHARITIES AT TIER 3 AND 4 UNDER THE NEW FINANCIAL REPORTING FRAMEWORK - Applying the expenditure and control test to associated entities, Guidelines for preparing the statements of cash flow and service performance, Determining non exchange revenue.


Tax Issues for Companies 

Make the right move when dealing with company tax issues

Business can be carried on through a variety of structures. Broadly, these are as a sole trader, partnership, trust or company.  The use of a company is the most common structure used in New Zealand, with over 550,000 limited liability companies registered at June 2015.

A company has some unique features that distinguish it from the other structures. In this course we will look at some of the income tax rules that apply specifically to companies.

The course will review the rules and practices for companies relating to;

  • Residency,
  • Dividends,
  • Specific tax deductions,
  • Losses & loss offsetting,
  • Disposing of shares,
  • Liquidation of a company
  • Better Business Tax Consultative Document, including changes to:
    •       Provisional tax
    •       Late payment penalties
    •       IRD communicating information to the Companies Office
    •       FBT for close companies
    •       self-correction of minor errors
    •       deductions for dual use vehicles and premises
    •       Increasing the threshold for annual FBT returns from $500,000 to $1 million
    •       Modifying the 63 day rule on employee remuneration

In each area we will cover the legislative requirements, IRD practice and a review of any relevant, recent cases.



Complex Rural Tax Issues Made Easy

This seminar recording will guide participants through common and complex rural tax issues across a wide range of topics.

Whether you are a beginner or an expert, the tax issues that arise for clients operating in the rural sector are as varied and complex as any other type of business, if not more so due to the overlay of specific tax rules.
 
The seminar will focus on topics where questions and difficulty often arises, including the following:

  • Rural business structures – one size does not fit all – key considerations and risks
  • Tough tax issues on the fringes – where farming gets complicated
  • The blurred line of business and private expenditure on farm – deductibility of farm house costs
  • Taxing between the vines – key tax issues in viticulture
  • Summer fruit and vege – key tax issues in horticulture
  • Associated person livestock transfers – not just a case of selling the herd
  • The muddy waters of water consents – drawing the capital/revenue line
  • Bright-line tests don’t apply to farm land right?
  • Health & safety on the farm – what we need to know beyond tax 
        

The seminar presenters are experienced rural tax practitioners who have drawn from real life situations they have advised on to put together the case studies for the seminar.  The seminar will be presented in a Q&A style where the presenters will work through case studies which highlight the issues and offer the technical and practical solutions to those issues rather than simply working through PowerPoint slides covered in legislation. 
The comprehensive course book will contain the "model answers” for the case studies including legislative detail and commentary which can be used as a future resource for attendees.


Taxation of Land Disposals   

Land transactions have been, and remain, a key focus area of Inland Revenue investigation and audit activity. For a number of years, Inland Revenue has being committing significant resources to the investigation of land transactions and enjoying significant success in recovering tax from taxpayers in relation to land disposals that fall foul of the income tax rules. The current resurgence of land values will only encourage this further.  A lack of understanding of the rules can result in a land disposal, which would otherwise give rise to tax-free capital gain, being subject to income tax.  The resulting income tax liabilities can be significant.  Further when the liability is initially overlooked and only identified in a later income year, perhaps due to an Inland Revenue audit, the potential penalty and use of money interest liabilities are also significant.  The rules around the taxation of land disposals are complex and wider than many people realise.  This is even more so with the introduction of the bright-line rule at the end of last year which adds a whole new level of complexity with its own specific definitions and exclusions.

This recording will consider the circumstances in which a disposal of land may trigger an income tax liability. It will consider in detail how all of the legislative provisions that can tax a land disposal apply and when, including detailed discussion of the new bright-line rule and how it interacts with the other taxing provisions. As well the introduction of the bright-line rule the recording will highlight other recent legislative, case law and Inland Revenue statements that affect the taxation of land disposals including:

  • Legislative definition of when land is acquired. 
  • Case law that widens what being in a business of erecting buildings entails
  • Inland Revenue’s position on residual land retained following a subdivision. 
  • Inland Revenue’s position on what amounts to "significant expenditure” and the resulting change on its position on what work of a minor nature entails

This recording will provide a refresher on the taxation of land disposals and highlight recent developments in that area, and should be attended by business and legal advisors whose clients own land or are looking at acquiring land.

 

 
2015

   

Death and Taxes
The tax consequences of death explained

'Very good delivery – material & style' Jenny  
'Good pace and knowledge of material'  
'Very informative course, well presented' Jane
'Both presenters had a relaxed presenting style which made it easier to absorb material being presented' Peter  
'Good examples to demonstrate how it all applies' Janelle

An individual’s death can trigger onerous and often unexpected income tax and GST liabilities.  Not only is the individual’s family left grieving the loss of a loved one, but they can also be left with significant tax liabilities or other unexpected tax consequences. However, armed with the knowledge of how tax legislation deals with an individual’s death and the asset transfers that result from that death, it is possible to ensure that your client’s affairs are structured to minimise the tax consequences of death or at least ensure a plan is in place to deal with them.

This course will include practical case studies to highlight the taxation issues that can arise when an individual dies, including:

• How the Income Tax Act 2007 deals with the asset transfers that occur on death, including how and when the exceptions to the general treatment apply.
• The GST issues that may arise on a registered person’s death.
• The tax implications of an individual’s death for a sole trader, partnership, look-through company, qualifying company, standard company, and trust.
• Planning tips around structuring client’s affairs so their death does not leave unwelcome tax issues for their family.

This course is ideally suited for the Accountant or Lawyer wishing to ensure the certainty of death does not result in uncertain and unexpected tax consequences for their clients.


Your Rural Tax Issues ... Explained

Previous attendees of TEOs Rural courses comments:
'Well paced, easy to understand. Explanations & clear answers to all questions'
 'Course questions very real and relevant to day to day work of rural practitioners'
'Enjoyed the informal approach, very easy to follow with practical examples etc'.


This course will guide participants through common and complex rural tax issues across a wide range of topics.

Whether you are a beginner or an expert, the tax issues that arise for clients operating in the rural sector are as varied and complex as any other type of business, if not more so due to the overlay of specific tax rules.
 
The course will focus on topics where questions and difficulty often arises, including the following:
• Farm Purchases
• Subdivision of farm land
• GST change of use
• Treatment of mixed use assets (aircraft/helicopters)
• Sale of livestock between associated persons
• Commencing a Bloodstock breeding business
• Common issues for horticulture, viticulture and fishing businesses.
 
The course presenters are experienced rural tax practitioners who have drawn from real life situations they have advised on to put together the case studies.  The course will be presented in a Q&A style where the presenters will work through case studies which highlight the issues and offer the technical and practical solutions to those issues rather than simply working through PowerPoint slides covered in legislation.

The comprehensive course book will contain the "model answers” for the case studies including legislative detail and commentary which can be used as a future resource for attendees.

This recording will be of interest to everyone who acts for clients involved in the rural sector.


Taxing Structures
Practical Issues

This practical case study based recording will consider structural alternatives (companies, trusts, partnerships, LTCs) and their commercial and tax implications for a number of common scenarios.

The course covers:
• Structuring loans to obtain effective interest deductions.
• Options for utilising imputation credits prior to shareholding changes.
• Benefits and disadvantages of holding companies and other entities.
• Managing balance sheet equity.
• Relationship property settlements.
• Effectively transferring assets between group entities.
• Accessing tax losses.
• Companies and shareholder transactions.

This course is aimed at intermediate to senior accountants.

2014

Charities and Non Profit Entities

Key changes and common tax issues and pitfalls facing charities and non-profit bodies.
 
Charities – income tax
• Who can register as a charity?
• How is business income taxed compared with non-business income?
• Can charities send funds offshore without affecting charitable status?
• What are the consequences of de-registration and inadvertently dropping off the register?
• When does FBT apply to charities & is the provision of accommodation taxable?
• How does payroll giving work?
• Do all donations qualify for a tax credit?

Non-profit bodies – income tax
• What’s the difference between incorporated and non-incorporated societies?
• When is income taxable and what exclusions/exemptions are available?
• What’s the difference between accounting income and taxable income?
• When should you apply for a certificate of exemption?

Charities and non-profit bodies – GST
• When is registration for GST required?
• Should there be GST on donations?
• Are you aware of all the GST exemptions available?
• How does GST apply to grants?
• Why is it important to reconcile GST to the income statement?

Financial reporting requirements and governance
• What are the new reporting requirements for charities and non-profit bodies?
• Are you aware of the reporting options available?
• What choices do you need to make on reporting that you should be thinking about now?

This course is aimed at anyone dealing with Charities and non profit entities.


Managing Family Trusts
Practical Legal, Accounting and Tax Issues for Practitioners

'The seminar was one of the best that I have been to in my 30 odd years as a lawyer.  The material was excellent as were the presenters'.
Allen Mazengarb, Auld Brewer Mazengarb & McEwen


This is a PRACTICAL 4 Hour course designed and delivered by practitioners for practitioners. We will be focusing on the stuff you need to know either as an advisor to a Trust, or as a Trustee. This course is straight from the coal-face to a seminar-room near you.

We will work through the key drivers to deciding if a Trust is even appropriate for a client. We will then discuss the roles and responsibilities you have, either as an advisor to that Trust or as a Trustee yourself. We then want to spend time sharing war stories on the various challenges Trust and Trustees are facing. Challenges as to validity, accountability, success as a protection mechanism and claims against Trusts will be examined. All of this will be underpinned by three "typical” case study scenarios that we all commonly face every day in our respective practices.  Throw in a wealth of practical experience and good dose of life lessons, and this 4-hour course taken by a lawyer and an accountant will ensure that you are in a better position to advise your clients and mitigate your own risk.

Key learnings and material will include:-
• How to assess the "need” for a Trust structure and the risks/downsides that accompany such
• Clear understanding of the workings of Trusts, including key focus areas when establishing them
• Understanding what is different for Trusts compared to other structures/entities from a tax perspective
• Plus what is peculiar to Trusts from an accounting perspective, including dealing with "deemed income” and differences between accounting/tax income
• As a potential Trustee, we will cover what you need to know, need to do or need to manage before and after your appointment?
• We will discuss where are Trusts vulnerable, and what lessons can we learn from others’ misfortune?

This course is aimed at lawyers and accountants dealing with trusts, and anyone who is looking at the pros and cons of being or remaining a corporate trustees.


Legal Roundup
This year’s legal issues paper will cover a range of diverse topics covering:

• Employing the staff – getting it right from the start
• How to terminate a contract - what is accord and satisfaction and why is it relevant
• Topical issues with Body Corporates and Unit Titles
• Recovery of debt – options and considerations
• Fundamental legal considerations when buying or selling a business
• Legal issues arising out of mental incapacity
• Advising a prospective franchisee – critical things to consider
• Capital raising for startups and owner operated businesses – the legal essentials.

The seminar will provide practical guidance to help you and your clients.
 
This course is aimed at intermediate level practitioners in practice and corporate.
 

Primary Sector Tax Issues
This seminar will guide participants through common and complex primary sector tax issues across a wide range of topics.

'Well paced, easy to understand. Explanations & clear answers to all questions'
'Course questions very real and relevant to day to day work of rural practitioners'
Enjoyed the informal approach, very easy to follow with practical examples etc'.

Whether you are a beginner or an expert, the tax issues that arise for clients operating in the primary sector are as varied and complex as any other type of business, if not more so due to the overlay of specific tax rules. Furthermore, many primary sector taxpayers have also started to use more complex financing arrangements including foreign exchange hedging and interest rate swaps – the treatment of these is not for the faint hearted.
 

The seminar will focus on topics where questions and difficulty often arises, including the following:

Development expenditure deductions Provision of accommodation
Associated persons transactions Repairs and maintenance
Livestock valuation GST adjustments
Hobby farms Private expenditure
Farm conversion costs Farm sales
ACC and working for families Taxation of farm land sales
Withholding taxes and agriculture Financial structuring including common syndication issues
Income equalisation Timing of expenditure

The seminar will be presented in a Q&A style where we will work through case studies which highlight the issues and offer the technical and practical solutions to those issues rather than simply working through the legislation.  The course book will contain the legislative detail and commentary which can be used as a future resource for attendees.

Attendees will also receive seminar slides and detailed answers to the case studies as well as 3 hours of CPD.

This seminar will be of interest to everyone who acts for clients involved in the primary sector.


Tax of Land and Buildings
This course will cover all the critical tax issues and common questions in relation to land and property transactions including:

• Ownership structuring and restructuring for existing properties – key things to consider when determining which is the most tax effective structure.
• When is a property "acquired” for the purpose of the "intention” test?
• Deductibility of losses on schemes undertaken for profit – when are losses deductible?
• Maximisation and timing of deductions for expenses incurred in land transactions.
• When are gains taxable?Which land provisions can be used and when?
• When does rental property investment become rental property dealing, and what tax issues need to be considered?
• Holiday homes and properties with mixed usage.
• GST pitfalls when buying and selling property.
• Tax effective financing – what are the options and the best tax outcomes?
• When is expenditure on leaking or earthquake damaged buildings deductible?
• Repairs and Maintenance - key issues
• Leases – a recap on the tax treatment of various payments and receipts made under a lease
     
This course is aimed at senior accountants who deal with clients who have or deal in land and buildings.


2013

Company Distributions

Accessing value tax effectively
This course covers common tax issues and pitfalls that arise when companies make distributions including the advantages and disadvantages of each in different scenarios.

There are numerous types of distributions that a company can make including dividends, deemed dividends, share buy-backs, in specie and capital distributions, management fees, issuing of shares or options etc.  We will cover the tax implications of most distributions from a company including:

Dividends
• What are the key requirements when paying a dividend?
• The tax implications of cash versus non cash dividends.
• The differences between qualifying companies, look-through companies and standard companies.
• When deemed dividends occur and their implications.
• Simplifying the rules that apply when paying dividends to non-residents.
• Key requirements to ensure share buy-backs are not taxable as dividends.

Distributions on wind up or liquidation
• The treatment of in specie distributions.
• Which capital distributions are taxable on wind up?
• What can trigger a deemed distribution on wind up?

Fringe benefit tax
• Is the FBT net widening?
• When is it better to treat a benefit as a deemed dividend and not a fringe benefit?
• Are you missing out on an FBT exemption?

Shares and options
• Giving key employees shares can be very tax inefficient, what other options are there?
• Important non-tax considerations when providing employees with shares or options.
 
Salary packaging
• How to remunerate an employee tax free.
• Are you aware of the new rules that will apply to vouchers from 1 April 2014?
• How to make sure any allowances paid are tax free?
• Inland Revenue’s current view on salary trade-offs.
• Are you aware of the extent payments for relocation costs are tax free?

Salaries
• When should you avoid paying a PAYE salary?
• Key considerations when paying relatives.
• When must a market salary be paid?
• Is Penny & Hooper still relevant going forward?
• What to consider if paying a bonus.
• Key remuneration considerations when using a look-through company.

Management fees
• When can these be used to distribute income out of a company?

This course is designed for anyone dealing with distributions from companies.


 
Online Recording Registrations

2017 Taxation of Primary Sector Income, click here to order (credit card only)

2017 Business Succession and Sale, click here to order (credit card only)

2017 Closely-held Companies, click here to order (credit card only)

2017 The Changing and Challenging World of Trustees, click here to order (credit card only)

2016 Tax Consequences of the Unexpected, click here to order (credit card only)

2016 Practical Tax Issues for Charities and NPE, click here to order (credit card only)

2016 Tax Issues for Companies, click here to order (credit card only)

2016 Complex Rural Tax Issues Made Easy, click here to order (credit card only)

2016 Taxation of Land Disposals, click here to order (credit card only)

2015 Death and Taxes, click here to order (credit card only)

2015 Your Rural Tax Issues, click here to order (credit card only)

2015 Taxing Structures, click here to order (credit card only)

2014 Charities and Non Profit Entities , click here to order (credit card only)

2014 Managing Family Trusts, click here to order (credit card only)

Legal Roundup, click here to order (credit card only)

2014 Primary Sector Tax Issues, click here to order (credit card only)

2014 Taxation of Land and Buildings , click here to order (credit card only)

2013 Company Distributions , click here to order (credit card only)

Training co-ordinators: put your name & email in the order contact field to receive a copy of the tax invoice (includes venue details). If you put the attendees name in this field, it will go to the attendee (even if you pop your email address in this field).
Further Information
Pricing
2017 / 2016 Recordings            -  $295
Pre 2016 Recordings (3 hrs)    -  $195
Pre 2016 Recordings (4 hrs)    -  $325 

All our recordings include:
  • the course material from the course being presented.
  • a copy of the 'live' course on a USB stick which includes the software you need to run the session.
  • CPD hours appropriate to the length of the course.

Terms and Conditions for recordings (in addition to our usual T&Cs) - when purchasing you agree that the recording is for your use only and will not be passed onto a third party.

TEO's terms and conditions