TaxTonic Webinar Series Topics for 2021

When: Friday, 12 February 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

•     Tax issues for NZ’ders coming home

•     Tax treatment of finance leases, operating leases, HPs – income tax & GST, how to tell them apart

•     Trust settlors and beneficiary loan accounts – practical issues and things to do before 31st March

•     Companies with overdrawn current accounts, what to do on winding up 

•     More on Bright-line exemptions

•     Any other interesting issues between now and then

When: Friday, March 26th 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

The March 2021 webinar will include:

•      Attribution and Penny & Hooper – time to review and recap with 39% coming, pre 1 April planning issues

•      New Zealanders returning home Part II: Overlap of tax residency v transitional residency for investment income & foreign super exemption. Impact on overseas companies controlled by Migrants. Accounting for FIFs and financial arrangements in the year tax status of a migrant changes 

•      Trusts – new information gathering rules to protect 39%

•      LTCs Entering of Exiting – what happens?

•      Team building expenses – entertainment vs FBT?  What else?

•      Bright-line /Rental Loss ringfencing – owning living with flatmates

•      What Grant Robinson has up his sleeve (if it falls out in the next few weeks) otherwise something else that’s new!

•      Buying the Jetski through the company – FBT issues?

When: Friday, 7st May 2021

Time: 10.00am to 11.30am

Focus of content.

The May 2021 webinar will include:

1. New Rules: Allocation of Sale Price
2. Trusts – complying trusts which have become foreign, dual trusts - what are the tax issues
3. Bright-line – 50:50 owners – one sells to the other restart of bright-line for half or whole 
4. Team building expenses – entertainment vs FBT?  What else?  
5. LTC issues for Entering, Exiting and changing Shareholding 
6. Buying the Jetski or E-Bike through the company – FBT issues?
7. Bright-line / Interest deductions - Main home with flatmates
8. Inter-company loan remains after sale of business – what to do?
 

When: Friday, 18 June 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

The June 2021 webinar will include:

1. Aggregation of land ownership in associated entities - CB 15(2) trap
2. Feasibility expenditure – New rules – what you need to know
3. UOMI rule change – 2020 different from 2019 and earlier?
4. Losses carried forward available for subvention/offset or not
5. Business expenses post cessation – black hole or accrue, what to do?
6. ACC on Covid Subsidies 
7. Low asset write-off and depreciation recovery etc
8. 2021 new PIE washup rules

When: Friday, 30 July 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

The July 2021 webinar will include:

1. More on interest non deductibility 

2. Death & taxes – rollover relief, short duration estates 

3. Loss offsets v subventions 

4. Sportspersons – deductions for food, physio, gym etc? 

5. New IRD extensive statement:  Meal costs: self-employed v employees v shareholder/employee

6. Business relocation & capital assets – black hole or not?

When: Friday, 10 September 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

The Sept 2021 webinar will include:

1.      R&D Expenditure: refresher on deductibility rules, capital vs. revenue

2.      Analysing Portfolios:  FIFs, PIEs etc, what goes into the tax return?

3.      Related party loans:  OK to use lower than FBT rate, and when?

4.      Bright-line: and nominations

5.      Dividend derivation rules: to 31 March or to balance date?

6.      Bright-line:  where land is compulsory acquired

When: Friday, 22 October 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

The Oct 2021 webinar will include:

1. Non Deductibility of Interest and/or GST changes in Bill 8/09/21  
2. Death & taxes (Pt 2) – what to include in return to death & estate return, accrual and apportionment  
3. Flatmates – Bright-line, ringfencing and interest deductions  
4. Bright-line and transfers under will – QWBA with joint tenants & LTC shares  
5. Non-market rent and non-deductibility of interest nightmare  
6. FBT & vehicles – shareholder contribution and 39% tax rate

When: Friday, 3 December 2021

Time: 10.00am to 11.30am

FOCUS OF CONTENT

TBC