The webinar will provide a detailed review of the general depreciation rules including changes made as a result of COVID-19. It will identify technical issues and give practical explanations of the key tax considerations for some specific assets.

The issues/areas covered in the webinar will include the following:

• General principles
• Methods of depreciation
• Depreciation rates
• Buildings
• Residential rentals
• Commercial buildings
• Software
• Other specific assets

The webinar will also provide specific case studies. These will illustrate technical issues and give practical explanations of the key tax considerations for the specific situations presented.

The case studies covered in the webinar will include:

• Identifying what depreciable property is
• What to do when you forget to claim depreciation
• Treatment of website development costs

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

• Have an increased understanding of the income tax rules for deductibility of depreciation
• Have a greater awareness of the tax issues around tax depreciation
• Have more confidence in advising SME clients on the income tax deductibility of depreciation

This course will be suited to: 

• intermediate through to advanced accountants in public practice
• corporate accountants.

1.5 CPD hours

PRESENTER

Mike Hadwin, Director, Symmetry Advisory

Mike is a regular presenter for TEO Training. You will 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.