CA ANZ Core 4: Tax (NZ) case studies

CA ANZ Core 4: Tax (NZ) · Put your knowledge to work in context.

Core 4: Tax (NZ) is a module within the Chartered Accountants Australia and New Zealand (CA ANZ) CA Program, the practical pathway candidates complete after an accredited degree or conversion course on the way to CA membership and a Certificate of Public Practice. It suits graduate accountants and finance professionals working in or alongside New Zealand tax, whether in public practice, corporate tax, government or not-for-profit. The CA ANZ Core 4: Tax (NZ) case studies are 5 cases and about 2,171 words.

The Contractor Who Looks Like an Employee

Kiri owns a small web-design studio and has engaged Ravi for 14 months. Ravi works 30 hours a week, mostly from Kiri's office using her equipment, and invoices her monthly as a sole trader with no GST registration.

510 words, about 3 min 2

Trading Stock and the Accrual Rules at Year End

Tane runs a building-supplies business as a sole trader, registered for GST on the invoice basis. At 31 March his closing stock at cost is 140,000, but some timber has been water-damaged and its net realisable value is 95,000.

439 words, about 2 min 3

The Trust Distribution and the 39% Rate

The Ngatai family trust has two trustees, Mere and Hemi, and three beneficiaries: their adult daughter Aroha, who earns 180,000 as a lawyer, their son Tama, aged 16 and at school, and a charity. The trust earned 250,000 from a rental property and a share portfolio.

443 words, about 2 min 4

The Look-Through Company Election

Priya and her brother Dev own a small engineering consultancy through a company, PD Engineering Ltd, which has two shareholders and no other shareholders. The company earns 300,000 a year.

398 words, about 2 min 5

The Offshore Supplier and GST on Digital Services

A New Zealand marketing agency, Brightline Ltd, pays a United States software company USD 20,000 a year for a cloud-based project management platform used by its staff. The US company has no New Zealand presence and no GST registration.

381 words, about 2 min