18 Taxation of Employee Entitlements Course Book (Electronic Copy)

This three hour CPD-compliant webcast is a review of income tax treatment of both independent and shareholder employee receipts. The purpose of this course is to review some of the obligations and responsibilities imposed by the Income Tax legislation and IR. It will cover important issues and recent developments in the area.

The course will consider the income tax treatment of a variety of payments to employees. It will consider the tax rules for:

• Shareholder employee salaries & wages
• Payments to relatives
• Other payments to employees including, payments for golden handshakes, golden parachutes, restraint of trade & hurt, humiliation or loss of dignity
• Certain allowances, including recent changes to; accommodation, meals, distinctive clothing, relocation expenditure and motor vehicles.

The taxation of non-cash benefits can be confusing. The course will review the FBT regime and the entertainment rules. Benefits can be subject to FBT or treated as entertainment expenditure or taxable in the hands of the employee or they could be a deemed dividend in a private company. The course will consider the interplay between FBT, entertainment, employee income and deemed dividends.

Satisfactory completion of this course will:

• Equip you with the latest information affecting employees
• Give you an understanding of recent changes
• Enable you to make better decisions about the way shareholder employees and staff are remunerated

Total CPD Hours: 3

Suited to:

Employers, Corporate Accountants, and any Chartered Accountant wanting a review of the tax issues involved with shareholder employees and independent staff in their business and/or client businesses.