IRD to address Chamber of Commerce, Town Centre Taupo and Enterprise Lake Taupo on Budget 2010 Tax Changes

The 2010 budget has delivered the biggest tax changes in 25 years. The Taupo Chamber of Commerce and Industry, Town Centre Taupo and Enterprise Lake Taupo have partnered to bring Taupo business an update on tax changes coming into effect from 1st October 2010.

On Wednesday 1st August, Ian Bushett from Inland Revenue will present an update to delegates attending the 07.30am breakfast seminar at Suncourt Hotel and Conference Centre.

Chris Dolman, Chamber President said “The 2010 Budget brings a number of changes to the tax system that will affect GST and employers. This is a great opportunity for Taupo business to understand how the budget changes may effect them from 1st October and what steps they should take to prepare.”

Topics covered will include:

Calculating GST at 15%

Filing your GST returns

How to file a one-ff provisional GST return

Making the GST adjustment calculation

GSAT invoices and receipts

Time of supply rules

GST on imports

Cancelling your GST registration

Tax rate changes

Getting your business ready

Changing your business systems to prepare for GST change

PAYE changes – changing your payroll system

Fringe benefit tax

Depreciation

Provisional tax

Working for families tax credits

All Taupo businesses are welcome to attend; interested persons are asked to RSVP for catering purposes.

The role of the Taupo Chamber of Commerce and Industry is to influence and inspire business vitality in the greater Taupo Region. To help our members "be the best that they can be in business". We do this by positively influencing the environment in which businesses operate and by providing "opportunities, products, and services" that will improve the success and vitality of business.

ENDS