One of the trickier issues in dealing with SMEs is the fact that they are controlled and owned by family members. As a result, the parties are often associated to one another for tax purposes.

We will look at the associations and the deemed dividend implications of the transactions for income tax purposes. This webinar will review the associated persons rules in the Income Tax Act. Then we will consider potential deemed dividends that could arise to shareholders from transactions with associated parties.

The specific issues/areas that will be covered are:

• Who is associated?
• What is a dividend?
• Deemed Dividends
  • Expenses
  • Tangible assets
  • Intangible assets
  • Shareholder employees
  • Transfer between two companies
  • RWT & imputation

Upon satisfactory completion of this webinar you will be able to:

• define associated persons for tax purposes
• identify relevant tax issues for transfers between companies and the associated shareholders
• explain the tax implications where a deemed dividend arises

Suited to:

• intermediate through to advanced accountants in public practice who are preparing financial statements, GST returns and tax returns.
• accountants employed by SME businesses.

PRESENTER

Mike Hadwin, Director, Symmetry Advisory
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.