What absolutely needs to be done for trust clients before 30 June
Recorded Wednesday, 3 June 2020
FPA accreditation: 22923 Total CPD hours: 1.25
0.50 Regulatory compliance & consumer protection
0.75 Technical competence
A step by step guide to what needs to happen by 30 June Balancing tax planning opportunities with risk The ATO’s hit list when it comes to trusts
The ATO has again warned clients and practitioners that trust arrangements will be subject to close scrutiny. It is more important than ever to ensure that trust distributions are effective and that you are not placing clients at risk. With so many changes being made to the rules in recent years and the ATO releasing new guidance on how it approaches trusts, it's vital that practitioners keep up to date with these developments.
This session looks at the steps that should be taken for all trust clients to ensure that clients stay out of trouble, as well as detailing the arrangements that are at the top of the ATO’s hit list this year.
What we cover
This practical webinar covers
What needs to be done by 30 June to ensure trust distributions are tax effective
Areas that will come under more ATO scrutiny this year
The latest court cases and ATO rulings and how this might change the approach clients take
Making sure appropriate documentation is in place
How well do you and your team understand the proportionate approach to trust taxation?
The simple but common mistakes that clients and practitioners make and how to avoid them
Steering clear of the anti-avoidance rules that can apply to trust distributions
Our Presenter Michael Carruthers
Tax Director, Knowledge Shop
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.
He oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton Investments’ national tax advisory committee. He is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board of Taxation’s recent review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business. Michael was the 2016Thought Leader of the Yearat the Australian Accounting Awards.
Michael Carruthers
Tax Director, Knowledge Shop
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