The taxation of allowances can be confusing. This course will consider the income tax treatment of a variety of allowances and reimbursements provided to employees.

The purpose of this webinar is to review the income tax treatment of allowances and reimbursements provided to employees, including shareholder employees. It will cover many of the common allowances and reimbursements, including recent developments in the area. It will consider:

• General rules
• Accommodation & Meals
• Farm workers
• Phones & plans
• Working from home
• Distinctive clothing
• Relocation costs
• Motor vehicles

Upon satisfactory completion of this course, you will be able to:

• articulate the latest information affecting allowances & reimbursements
• understand and apply recent changes
• make better decisions about the treatment of allowances & reimbursements

Suited to…

Employers, corporate accountants, and any chartered accountant wanting a review of the tax issues involved for shareholder employees and independent staff in their business and/or client businesses

Total CPD Hours: 1.25 (1 hour 15 min)

PRESENTERS:

Mike Hadwin, Director, Symmetry Advisory Ltd
Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 40 years of tax experience as a public 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.