PART 1 – Common Accounting Issues for Schools (OnDemand recording)

In the New Zealand environment, schools have unique transactions and sets of circumstances that require specific accounting guidance.

This session will dive into some of the common accounting issues for schools to help demystify the circumstances that lead to these common issues. We will provide some practical insights to provide early warning ahead of the 31 March deadline for preparation of financial statements by schools.

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

• Identify what the common accounting issues are for schools.
• Help clients with navigating the complex areas of financial reporting for schools.
• Know where to go for further guidance and resources for these common accounting issues.

This course will be suited to…

Those who contribute to the financial reporting and accounting for schools covering:

• Finance staff,
• Boards of Trustees,
• Advisors

1.25 CPD hours (1 hour plus 15 minutes Q&A)

PRESENTER

Paul Walker, Associate Partner — Audit & Assurance, Crowe Australasia

Paul specialises in providing audit and assurance services and technical accounting advice across a number of industries. He is an Approved Auditor for the Office of the Auditor General and an Appointed Auditor for several schools. He is part of the Findex and Crowe’s wider Australasian accounting advisory team and delivers training and practical solutions for its teams and clients. Paul has been with Findex and Crowe since 2009 and has built up his knowledge working with clients from a range of industries and locations throughout New Zealand.

To purchase Part 1 only, please click here >>

PART 2 – Common Tax Issues for Schools

Tax issues in the school environment can often be complex and are often misunderstood. The challenge for schools is to ensure they are dealing correctly with their tax obligations.
In this webinar we will cover off:

1. A general overview of GST
2. Specific GST issues
3. Boarding schools
4. Fees for international students
5. Donations
6. PTA activities eg school fairs, fundraising
7. School productions
8. Sports teams & funding
9. FBT and Payroll related issues

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

• Appreciate the GST treatment for general and specific taxable supplies,
• Understand the tax treatment for boarding schools and international students
• Understand donations in the school environment
• Have an awareness of how to tax fundraising activities
• Have an awareness of FBT and Payroll related tax issues.

This course will be suited to:

• Accountants, tax advisers;
• School administration staff;
• Board of Trustee and PTA members.

1.25 CPD hours (1 hour plus 15 minutes Q&A)

To purchase Part 2 only, please click here >>

PRESENTER

Marilyn Maloney, Senior Manager – Tax Advisory, Findex/Crowe

Marilyn Maloney is a Senior Manager of Tax Advisory for Findex/Crowe Horwath, the largest accounting firm in New Zealand specialising in the SME/HNWI space. Marilyn has been practising in tax advisory for over 15 years.

Marilyn’s background also includes working for Inland Revenue for 15 years and assisting clients as a Client Manager for 7 years. She provides practical tax advice in all areas of tax.