Course Details

Manukau Institute of Technology

Faculty of Business and Information Technology Reception, Floor 2 Corner of Manukau Station Road and Davies Avenue, Manukau

Full Day
8.30am to 4.30pm

Who should attend?

SME owner/managers, managers in Not-For-Profits and business managers, who are responsible for tax compliance.

Core Content

Starting in Business

* What is a business?
* What taxes will apply?
* Getting an IRD number

Keeping Records

* Income and expenditure
* Assets and liabilities
* Depreciation

How Does Tax Work?

* Filing returns
* Paying tax
* Provisional tax
* First year in business
* Deductible expenses
* Penalties and Interest
* Fringe Benefit Tax
* ACC

GST

* When to register for GST
* Paying GST
* What records to keep
* Zero rated and exempt supplies
* Selling assets or ceasing business

Employing Staff

* Employee records
* PAYE and filing returns
* Kiwisaver

Outcomes

At the end of this MIT Business Course for SMEs you will:

* Have examined which business activities are liable for taxation
* Know how to categorise the records required for tax compliance
* Be more aware of the processes for determining liability for income tax, FBT and ACC levies
* Be aware of the processes for determining liability for Goods and Service Tax
* Be aware of the processes for collecting and paying employee taxes

Training Style

* Presented by industry expert
* Real-life case studies
* Group discussion
* Action planning for your business with in-class feedback
* Post-course follow-up

Ngaire Newland