When it comes to fees, fines and penalties, the area of income tax deductibility is one that is often misunderstood by accountants.

This webinar covers key income tax considerations that advisors and their clients need to be aware of. It reviews areas that are part of day-to-day activity but also have some technical challenges associated with them. The webinar will provide a practical explanation of the key tax considerations and technical challenges. The webinar also focuses on withholding tax and GST on director’s fees.

It includes a review of the following:

Fees

• Borrowing Money
• Break fees
• Financial Services
• Accounting
• Company Administration
• Legal
• Development fees
• Bribes
• Directors’ fees

Fines & Penalties

• IS 09/01
• Case Z6

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

• Identify the rules and their application
• Be confident in determining income tax deductibility in a transaction involving fees, fines or penalties
• Better understand rules that apply to areas not encountered everyday

Suited to:

This is a specific area of income tax deductibility and would best suit anybody working in an accountancy practice providing services to family entities or a person in a financial position within a family business.

Duration: 1.25 CPD hours including 15 minutes for questions

PRESENTER

Mike Hadwin, Director, Symmetry Advisory

Mike has been 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.