Product Description
This practical course takes you through the changes in tax law and practice for the first half of 2026 — updating the knowledge you’ll be able to apply when preparing 2026 income tax and current GST returns.
Find out about the changes that have occurred and been proposed during the 6 months from March 2026 to August 2026 relevant to SME’s and accountancy practices of SME businesses.
The course will cover:
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Legislative Changes – New legislation and proposed changes
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A review of tax cases – court cases and technical decision summaries
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A review of IRD statements issued
Some of the specific topics to be covered are:
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The Taxation (Budget Measures) Act 2026
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Reducing the maximum cap for gifts qualifying for the donation tax credit to the lower of $100,000 or the donor's taxable income.
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Changes to tax a shareholder on an outstanding loan six months after the lending company is removed from the Companies Register.
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Working for Families measures to make it simpler
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When a disposal of land will be part of a profit-making undertaking or scheme subject to income tax under section CB 3
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Income tax – Bare trusts and mortgages
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Whether an agreement for the supply of products is a “short-term agreement for sale and purchase” and therefore an excepted financial arrangement.
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Is Seismic strengthening expenditure and glass façade expenditure capital expenditure?
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Sale and subdivision of land, a “lowest price” clause in the sale and purchase agreement, and whether there was any financial arrangement income or loss.
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Whether the single global fee charged by a Discretionary Investment Management Services provider is an exempt supply of financial services
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The income tax and PAYE treatment of various employee allowances
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Working for Families tax credits and family scheme income
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Whether court-awarded costs and disbursements and out-of-court settlement payments for costs and disbursements are subject to GST
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Deductibility of repairs and maintenance expenditure – general principles
Duration: 3 CPD hours including Q&A (Two 1.5-hour sessions)
Suited to:
Intermediate to senior accountants in public practice and any accountants working for privately owned companies.
PRESENTER
Mike Hadwin from Symmetry Advisory
Mike is a regular presenter for TEO Training. You will learn from Mike’s 40 years of tax experience as a public CA and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.