Description

Review of the Rules

From 1 April 2011 a new definition of Family Scheme Income was legislated for determining a person’s entitlement to WFFTC.

In this webinar, we will review the rules, requirements and interpretation of this entitlement. We review the rules and qualifications criteria for each type WFFTC and the legislative 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.

ORIGINAL BROADCAST DATE

31 August 2023

LEARNING OUTCOMES

Upon satisfactory completion of this webinar series you will be able to:

• Increased understanding of income & the benefits available under WFFTC
• More confidence in applying the law
• Better identify clients who may be entitled to WFFTC

SUITED TO

This course will be suited to intermediate through to advanced accountants in public practice, corporate accountants and anybody involved with clients who are entitled to claim the working for families tax credits.

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd (presenting on behalf of TEO Training Ltd).