Identify, manage and maximise the tax treatment of employment termination payments
Friday 1 November 2019
Identifying payments that qualify for tax concessions Navigating the ETP cap and whole of income cap rules When directors can pay themselves a redundancy payment
While the employment termination payment (‘ETP’) rules have been changed to limit the concessional treatment of golden handshakes, there are still a wide range of situations where employees can qualify for tax offsets or tax-free treatment on payments made in relation to the termination of their employment.
As well as looking at the opportunities that are available for ETPs, this session explores the rules dealing with genuine redundancy payments and consider some of the situations where employees can and cannot receive redundancy payments in a tax effective manner.
Suitable for all client-facing accountants involved with clients who operate a business or earn employment income.
Friday 1 November 2019
12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC 11:30am SA | 11:00am QLD | 10:30am NT | 10:00am WA
Up to 1.25 PD Hours Reference notes included Recording - access for 3 months
What we cover
This webinar looks at the process to classify payments received by employees in connection with the termination of their employment, and then identify the tax treatment of those payments.
It's important to understand the tax treatment of the most common payments that accompany employment termination events as well as understand the opportunities that might be available for clients to take advantage of the tax rules dealing with genuine redundancy payments.
This practical session covers:
How to determine whether a payment qualifies as an ETP
Payments that are not classified as ETPs and how to deal with them for tax purposes
Calculating the tax arising from unused leave payments
How the whole of income cap and ETP cap interact to determine the tax offsets that might be available
The conditions that need to be met for a redundancy payment to qualify for tax-free treatment
When directors of a company can receive genuine redundancy payments
Our Presenter
Michael Carruthers
Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney 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
Michael is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.
Michael Carruthers
Tax Director, Knowledge Shop
Friday 1 November 2019
12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC 11:30am SA | 11:00am QLD | 10:30am NT | 10:00am WA
Members
$195 Individual access
$350 Office access*
Non-Members
$235 Individual access
$390 Office access*
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.
*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.
Requirements
You will need a computer with audio!!
Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).
