tax & business services intermediate - knowledge shop€¦ · tax director, knowledge shop...
TRANSCRIPT
Tax & Business Services
IntermediateWorkshop 2018
Take your compliance teamto the next level
®
Case StudyDivision 7AThe Division 7A problems too many practitioners are still failing to recognise (and the horrible impact this has on clients!)
l Division 7A issues over time
l How to achieve an efficient tax outcome
l Why the short term ‘fix’ can cost your clientbig $ in the long run (and how to fix the fix)
l Trusts - the dangers of loans to and from trusts
l Unpaid distributions to companies:
l 79% tax - preventing the worst casescenario
l The options available
l Managing loan agreements (what absolutely has to be covered)
l Calculating distributable surplus
l Getting the timing right
There is no other program as practical or close to reality as this one at this level.
Designed for accountants who are comfortable with the fundamentals of compliance work and are ready to step up to the next level - or as a practical refresher on the ‘need to knows.’
Tax & Business Services - Intermediate focuses on identifying issues and potential problems before the client jumps in and commits to something that might have a poor tax outcome.
Tax & Business Services - Intermediate covers the issues most practitioners previously had to learn by experience or by making mistakes.
Using a case study format, we help team members step up beyond the basics and manage the common but often tricky tax and business services compliance issues.
Case StudyPersonal Services Incomel The ATO rules of thumb that can get your
clients off the PSI hookl Can you really identify personal services
income?
l Applying the tests
l Why passing the results test is harderthan you think
l Why your clients might fail an ATO audit
l Why the rules apply to sole traders too
l The concessions that might help yourclients pass the tests
l Special rules for agents, including financial planners
l What to do when your client is caughtby the rules
l The practical issues: PAYG withholdingand tax returns
l Part IVA and PSI:
l High and low risk tax planning strategies
“Really informative. The presenters touched
on a lot of important topics and had some
great insights.”Sydney, 2017 Participant
Case StudyTrustsl The difference between accounting income,
taxable income and distributable income explained
l How to deal with the difference between accounting income, distributable income and taxable income
l Step-by-step guide on calculating how much tax the beneficiaries and trustee need to pay
l The rulings that remain in draft
l The step-by-step guide to making sure that trust distributions are effective
l Where practitioners are still getting it wrong
l How to read a trust deed
Case StudyEmployee vs Contractorl What are the key factors that need to be
considered in determining whether a worker is treated as an employee or a contractor?
l How far back can the ATO go to recover superannuation guarantee liabilities?
l What the courts are saying about this issue
l Strategies for reducing the risk
l Can a company or trust be used to avoid SG obligations
l Other problems can arise when contractorsare engaged
The case study structure of the day gives a ‘real life’ context to tax and business services and ensures that the logic of why particular things are completed in a particular way is not lost in theory.
It’s going to be an exhausting day but well worth the effort.
A full workbook - to use as a reference guide for back in the office - is included.
8 PD hours 3/5 difficulty Bring a calculator
Best for those moving beyond the basics and building the complexity of the work they tackle, and those needing a refresher on current law. Essential for those who attended the Tax & Business Services - Basic Workshop.
“Very informative. I loved the information
on Division 7A! I needed that!”
Melbourne, 2017 Participant
Case StudyCGT & the Main Residence Rules Why they are not as easy as you think!
l Making the most of the concessions thatare available
l Calculating the gain when the status ofthe property changes
l Accessing the exemption - the step-by-step procedures
l Moving beyond the basics
Our presentersMichael Carruthers Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight and is head of the Hayes Knight group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.
He is a member of the advisory panel for the Board of Taxation and was an expert panel member for the Board of Taxation’s review of tax impediments facing small business. Michael was named Thought Leader of the Year at the 2016 Australian Accounting Awards.
Karen Vella Director, Green Square Tax
Karen understands how to translate complex tax issues into practical, everyday solutions for her audience. She has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight, then solidifying her role as an educator at Webb Martin (Kaplan) before creating her own consultancy.
She has worked her magic on leading accounting practices around the country and now for her audience at this exceptional workshop.
Register nowWe will be attending c Sydney c Brisbane c Melbourne
Firm Phone
Attendee 1 Email Role
Attendee 2 Email Role
Attendee 3 Email Role Payment details
Please use the following payment method for attendees @ $ for a total of $The Knowledge Shop member price is only available to financial members of Knowledge Shop (those who pay the monthly subscription fee).c Amex c Visa c Mastercard c Diners c Cheque (to Knowledge Shop Pty Ltd)
Card number Name Expiry
Security code Signature Invoice email
Admin only: c registered c payment received c payment invoice sent c confirmation sent
Sydney Wednesday 6 June 2018Macquarie Graduate School of ManagementAngel Place, Level 24, 123 Pitt St, Sydney
Brisbane Friday 15 June 2018UQ Executive EducationLevel 6, 293 Queen St, Brisbane
Melbourne Tuesday 19 June 2018Rendezvous Hotel328 Flinders St, Melbourne
Phone | 1800 800 232 Fax | 02 8916 4261 Mail | GPO box 4565 Sydney NSW 2001 Online | knowledgeshop.com.auKnowledge Shop Pty Ltd (ABN 90 107 532 945) is an Easton Investments company. To be removed from our database please call us on 1800 800 232.
Intermediate Dates & Details
Investment
Early BirdFor payments received by 4 May$575 - Member$650 - Non Member
General$655 - Member$720 - Non Member
Register Onlineknowledgeshop.com.au
Time8:30am - 9:00am registration9:00am - 5:00pm training day
Terms & conditionsAll registrations are subject to Knowledge Shop’s terms and conditions which include a no refund policy for cancellations received 14 days or less from the event date. Where you have registered for the series but cancel the second session, a fee equal to the series discount will be charged.Please see knowledgeshop.com.au/training for full details.