Across the country, there are thousands of businesses offering a wide variety of services. Many of them are totally unaware of some very specific income tax rules that focus on income from these services. The rules are aimed at ensuring people do not:

1. avoid paying any tax;
2. avoid the higher income tax rates by diverting income to an associated entity (such as a company, trust or partnership).

In this webinar, we are going to review those specific tax rules. Specifically, the webinar will cover:

• General review of service business structures
• Is a service provider an Employee or a Contractor?
• Schedular Payments with director’s fees as an example
• Income Attribution Rules
• The Impact of the Penny & Hooper case

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

• relay the latest information affecting income from service businesses;
• fully understand recent changes;
• make better decisions about the structuring of businesses offering services.

Suited to:

• corporate accountants
• any chartered accountants wanting a review of the tax issues involved with businesses
• clients with service-based businesses.

1.25 CPD hours

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd
Mike is 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.