We are facing troubled times ahead with the cost of disaster relief, the cost of living crisis and inflation rate all needing to be managed. The Budget 2023 promised to focus on what matters most to New Zealanders. The recently released IRD report on High-Wealth Individuals has resulted in interesting debate and discussion around taxes and effective tax rates. A consequence of this is the Budget announcement that the trustee tax rate will increase to 39% from 1 April 2024.

This webinar will examine what the increase in the trustee tax rate will mean for you and your clients, and explore the proposed exclusions from the 39% rate.  It will also consider some of the other tax changes announced in the budget.  

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

• Put the increase in the trustee tax rate into context for you and your clients
• Plan for the change in the trustee tax rate
• Help your clients work through the impact of the changes in the times ahead

Duration: 1.25 CPD hours (60 mins plus 15 mins Q&A)

Suited to: All professional advisors and business owners.

PRESENTER

Stephen Richards, Partner – Tax Advisory, Findex/Crowe

Stephen Richards is Partner with Tax Advisory for Findex/Crowe, the largest accounting firm in New Zealand specialising in the SME/HNWI space.

Stephen has been practising in tax advisory for over 23 years and is a sought-after speaker on tax topics, including for CCH and TEO Training courses and lecturing at the University of Otago.

Stephen is renowned for making complex topics understandable.