Product Description
The first webinar of this two-part series will focus on gaining an understanding of the basic aspects of LTC’s, Limited Partnerships and Partnerships.
The webinar will focus on gaining an understanding of the key concepts underpinning each of the ownership structures and the tension that exists between the legal form and the Income Tax treatment of each of the entities.
In particular we will be considering the following issues:
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Key features of each structure
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Accounting compliance – what LTC and LP accounts should include
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Tax compliance including owners’ basis
As each of these structures is widely used for primary sector businesses the examples used will be of a rural flavour. The application of the rules however is no different irrespective of the business being undertaken.
Upon satisfactory completion of this activity you will be able to:
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Understand the legal requirements of each structure
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Understand how tax law overlays the legal structure
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Understand what information must be reported in financial statements and income tax returns
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More confidently approach tax compliance for each of the entities
Suited to ...
The webinar will be suited to participants with only a basic understanding of the three business structures who are wanting to gain a better understanding of the key concepts underpinning each structure.
The webinar will also be a useful refresher for those people who have dealt with these issues in the past.
The second webinar of this two-part series will focus on the more advanced aspects of LTC’s, Limited Partnerships and Partnerships.
The webinar will focus on more advanced issues that arise in relation to each of the ownership structures.
In particular we will be considering the following issues:
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Disposal of shares and partnership interests;
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Allocation of income and expenses when there has been a change in interests
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Issues on wind-up including debt remission
As each of these structures is widely used for primary sector businesses the examples used will be of a rural flavour. The application of the rules however is no different irrespective of the business being undertaken.
Upon satisfactory completion of this activity you will be able to:
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Understand the tax issues that can arise on disposal of an interest in each entity
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Understand the tax issues associated with the wind-up of each entity
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More confidently approach more complex issues that arise from the use of each business structure.
Suited to ...
The webinar will be suited to participants with a good understanding of the basics, but little experience dealing with the finer points of each business structure from an income tax and accounting perspective.
The webinar will also be a useful refresher for those people who have dealt with these issues in the past.
PRESENTED BY
Tony Marshall is one of New Zealand’s leading rural tax advisors with over 17 years’ experience in advising rural businesses.
Tony has presented numerous seminars series and webinars on rural tax issues for TEO Training, CCH and CAANZ and is one of the authors of the 2nd Edition of the Farming, Forestry and Fishing Tax Guide. Tony has recently been appointed to the CAANZ Rural Advisory Committee.
