Please note, this course was previously known as Different Types of Receipts – The Income Tax Rules 2022.

Although the Income Tax Act is predicated on a principle of Gross Income, this concept in itself is not straightforward.

This webinar is going to review the general rules that determine what receipts are taxable income (or not). We will also review a number of specific types of receipts to determine if they should be treated as taxable income. Specifically, the webinar will cover:

• What is Income
• Non-Income Receipts
• Methods of Recognising Income
• Derivation of Income
• Some Different Types of Income
• Exempt Income

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

• understand the rules and principles better
• identify relevant tax issues
• have a greater awareness of tax implications in each of the areas

1.25 CPD hours

Suited to:

• beginners, intermediate through to advanced accountants in public practice who are dealing with close companies
• corporate accountants of close companies.

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.