Prices NZD and ex GST - Broadcast Date: 17 October 2019
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From 1 April 2011 a new definition of Family Scheme Income was legislated for determining a person’s entitlement to Working for Families Tax Credit (WFFTC). In this course, we will look at this definition.
In part 1 we review the rules and qualifications criteria for each type WFFTC. In part 2 we review the legal definition of “family scheme income”. This will include a review of the policy and guidelines from Inland Revenue.
We will use examples and case studies to identify and clarify some of the difficulties that have arisen over recent years, especially for individuals operating through business structures such as companies and trusts.
Upon satisfactory completion of this activity you will be able to:
Benefits:
A better understanding of the benefits available and what income is for the purposes of Working for Families.
Total CPD Hours: 2 (1 per part)
Suited to:
Anyone who has clients who can apply for the tax credit or received Student Allowances. This is aimed at all levels of accountants from seniors and above.