This webinar will review and clarify the income tax and GST rules and issues when dealing with the various types of financing of business assets (other than land & buildings).

Topics covered:

• Loans
  – Interest deductibility
  – Borrowing to retain assets
  – Borrowing to repay capital
• Leasing
  – Finance lease
  – Operating lease
  – Hire purchase
• Inventory Financing
• Debt factoring of Debtors
  – Debt parking

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

• explain the rules and principles better
• assist clients in deciding which type of financing suits different situations
• prepare for the tax and GST implications of the different types of financing.

This course will be suited to intermediate through to advanced accountants in public practice who are dealing with clients who have asset financing. It will also be suitable for accountants employed by businesses that have asset financing.

Duration: 1.00 CPD hours including Q&A

PRESENTER

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.