Income Tax Law Made Easy 2017 (eBook)

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Enables client advisers, corporate employees and business owners to understand their tax responsibilities, allowing them to manage their tax risks and their relationship with Inland Revenue.

eBook
NZD$ 79.99
Quantity
Release Date:
ISBN/ISSN: 9781988506197

Product description

Income tax is the most important source of revenue for the Government and this is demonstrated by Inland Revenue’s focus on enforcement and compliance. Businesses should be prepared by adopting an effective tax risk management focus to ensure their tax risk is minimised and their relationship with Inland Revenue is positive.

Income Tax Law Made Easy is written from a tax practitioner’s perspective to provide practical guidance for those dealing with tax responsibilities. It has an easy to understand yet comprehensive style which canvasses the main responsibilities that people in business are likely to face in their roles as client advisers, corporate employees or business owners.

This book sets out the practical essentials of income tax law in New Zealand. Despite being a highly complex area of law, it simplifies the complexity to enable business people to identify and understand the issues and deal effectively with any perceived risks. Included are examples, tips and risks derived from real situations to highlight income tax issues that businesses are likely to face.

If you are looking for tax avoidance schemes this book is not for you. Instead, Income Tax Law Made Easy focuses on identifying the areas of tax law that commonly cause problems for businesses and endeavours to ensure that taxpayers manage their risks and their relationship with Inland Revenue.

Related Titles

GST Law Made Easy
Tax Administration Law Made Easy

And 8 more titles in MyLawGuide’s Law Made Easy series

 

Featured Authors

Table of contents

Income tax basics

Calculating income tax

Residence and source

Income


Adjustments

Recoveries

Trading activity income

Passive income

Employment income

Allowances, pensions and grants

Attributed foreign income: CFC and FIF rules

Fringe benefits

Exempt and excluded income

Deductions

Allowable deductions

Bad debts

Employee and contractor expenditure

Entertainment

Motor vehicles

Timing and quantifying rules

Trading stock

Accruals

Depreciation

Financial arrangements

Recharacterisation of income

Consolidations

Amalgamations

International tax rules

CFC and FIF rules

Thin capitalisation rules

Transfer pricing rules

Specific entity rules

Look-through companies

Partnerships and joint ventures

Limited partnerships and trusts

PIEs

Associated persons rules

Losses

Tax credit regimes

Provisional tax and penalties

Withholding taxes

Avoidance