Most businesses need people working in them. Whether you are engaging an employee or an independent contractor will result in different obligations for your business. For many roles, contracting may be more beneficial for both the business and the contractor. For some contractors, there are specific requirements which may apply. It is important to understand the tax implications for the business of the various relationships.
This webinar outlines the tax differences between contractors and employees and also looks more specifically at the obligations when engaging a director. The course will focus on how the remuneration could be structured and the tax implications of this. The course will also cover who is responsible for the tax and some of the more common issues which may arise.
Upon satisfactory completion of this activity you will be able to:
- articulate the GST, PAYE and schedular tax implications that may arise with directors, contractors and / or employees
- appreciate the double tax agreement considerations on payments to directors, contractors and / or employees.
- engage workers while managing the key tax considerations
Duration: 1.25 CPD hours
- HR professionals
- Finance teams
Richard Muth, Senior Manager – Tax Advisory, Findex/Crowe
Richard Muth is an experienced taxation practitioner at Findex / Crowe having more than 10 years of experience with clients ranging from large multinational groups, Australasian groups, New Zealand based SMEs along with high net worth individuals.
A core specialty of Richard’s is helping those who are looking to call New Zealand home understand what this means for them from a tax viewpoint. Richard also helps those looking to take up opportunities overseas understand how New Zealand will or will not tax them while they are away.
- 11 November 2021
10:00 am - 11:15 am