Service Business Structures– Income Tax Issues - 29 October 2024 (On Demand)
1.25 CPD Hours
Description
Uncover crucial income tax rules for service-based businesses and ensure compliance. Perfect for Corporate and Chartered Accountants, this session covers everything from business structures to the impact of the Penny & Hooper case.
There are a wide variety of businesses offering a wide variety of services. Many of them totally unaware of some very specific income tax rules that focus on income from services. These rules are aimed at ensuring people do not avoid paying any tax or 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
- Director’s fees
- Income Attribution Rules
- The Impact of the Penny & Hooper case
This course will be suited to Corporate Accountants, and any Chartered Accountant wanting a review of the tax issues involved in businesses or clients with service based, businesses.
ORIGINAL BROADCAST DATE
29 October 2024
LEARNING OUTCOMES
Satisfactory completion of this course will:
- Equip you with the latest information affecting income from service businesses;
- Give you an understanding of recent changes;
- Enable you to make better decisions about the structuring of businesses offering services.
SUITED TO
This course will be suited to Corporate Accountants, and any Chartered Accountant wanting a review of the tax issues involved in businesses or clients with service based, businesses
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.