23 Severe Weather Tax Issues for Businesses (Webinar Recording)
excl. GST - Broadcast Date: 31 May 2023
| Quantity |
Product Description
This course will cover what weather related losses can be expensed (e.g. buildings and plant) and what cyclone based tax reliefs are or will be available for employers and in respect of windfall taxable income.
In particular, we will be using the legislation introduced on budget day to discuss in detail and with examples the tax reliefs from excess depreciation recovered from the destruction of insured assets.
The term severe weather refers to the three recent severe weather events in the North Island – the two cyclones and the Auckland anniversary heavy rain.
Upon satisfactory completion of this activity you will be:
• Aware of the multitude of tax issues that the severe weather caused
• Able to advise clients on tax effective solutions to address windfall tax profits caused by the insurance claims etc (e.g. depreciation recovered)
• Aware of the one-off employer tax reliefs.
Total of CPD Hours: 1.25 (1 Hour 15 min)
Suited to:
- accountants in practice who are advising clients affected by the severe weather, and
- accountants in the corporate world whose businesses are impacted by the severe weather.
PRESENTER:
Jim Gordon, Director, Jim Gordon Tax Ltd
Jim Gordon FCA was an IRD policy adviser was heavily involved in the tax response to the Christchurch earthquakes. Accordingly Jim brings a wide range of both theoretical and practical experience to this presentation.