GST is part of everyday life in New Zealand. Being so much part of everything we do in business, the essentials of this tax are often taken for granted or overlooked. In most cases the GST impact of a transaction is straight-forward. In some cases, a lack of understanding of these essentials can lead to costly mistakes.

This seminar will provide a clear analysis of the essentials of the legislation and will give attendees the tools they need to work with GST.

Specifically, we will cover:

• The difference between taxable and zero-rated supplies;
• Going concerns;
• What a supply is;
• Exempt supplies;
• The requirements for registration;
• What constitutes a “taxable activity;”
• How to determine the value and time of a supply;
• The GST accounting methods and periods.

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

• Identify the GST rules and their application
• Be confident in the essentials of GST
• Better understand GST implications that apply to issues encountered everyday

Suited to:

This is an introduction to GST and would best suit anybody beginning work in an accountancy practice or a financial position within a business. It would also be a great refresher for those who have worked with GST for some time.

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.