February and March- - Booked out with in-house workshops which are firm specific
We will be on the road in May and welcome your feedback to either of us on possible new workshops
or one we are considering on what happens when a client gets into arrears
including how to work with the client and IRD through this process
Any queries about workshops please contact either Janice or Trevor 03 2266110
Tax Principles for Business (TP) Designed for staff in public practice including graduates, technicians and those with prior commercial experience.
Tax principles for businesses carried on by SMEs through ordinary companies, partnerships, sole traders and family trusts for the 2017 tax year (changes enacted with effect from 1 April 2017 are highlighted). Case studies, based on practical, every-day client activities and what they are dealing with in their businesses. Topics include
- Deductible and non-deductible expenditure, worked examples for repairs & maintenance, vehicle expenses, travelling, entertainment, advertising & promotion, professional fees, interest, bad debts, accrued expenditure, depreciation. Calculating taxable income.
- Sole traders
- Close companies, shareholder-employee salaries, current accounts, dividends, imputation credit accounts, continuity, losses, simple grouping
- Partnerships, allocation of profits and losses, partner salaries, spousal arrangements
- Family trusts, beneficiary income, minor beneficiaries, trustee income
- Residual income tax, provisional tax, use-of-money interest, penalties
Working in a CAs Office (WCAO)
This workshop is all about the services CAs supply to a typical small client. It is aimed at staff who are new, relatively new or have been in admin. We look at financial reports, coding, charts of accounts, assets & liabilities, how GST works.
Fix-it-Fred is a new client of your firm in his first year in business. We train the person you send to our workshop how to work on and process Fred’s records from the typical payments and bank deposits Fred would make.
- Attendees code 2 months transactions and prepare his GST return.
- In a second case study, they code the totals for a year.
- They journalise year-end debtors and creditors.
- They calculate depreciation.
We review their work and then hand out Fred’s profit & loss account and balance sheet based on the years’ work they did. They also have to work out Fred’s tax bill for the year; how much he really owes Inland Revenue and when its payable.
In simple steps this takes staff through terminal and provisional tax, to understand what clients like Fix-it-Fred face without getting technical and going overboard. We fill in the gaps and send them back to you with a better understanding of the total process.