The Stimulus Package in Practice Web Series

An in-depth look at applying key aspects of the stimulus package in practice 

1 April & 8 April 2020

Individual Register

Webinar 1 - Managing the PAYGW cash flow boost measures
Webinar 2 - Applying the new instant asset write-off and accelerated depreciation rules

This series takes an in-depth look at the practical detail and application of the two key measures likely to impact on your business clients - the PAYGW cashflow boost and the instant asset write-off and accelerated depreciation rules.

The Government has rushed through a number of measures designed to shelter the Australian economy from the impact of the Coronavirus. Some of the measures will be delivered through the tax system and a wide range of businesses will be able to benefit.

The first part of this series works through the cash flow boost measures relating to PAYGW amounts. The rules in this area are complex and it will be important for practitioners to understand exactly what needs to be done for clients to access this measure and how the specific integrity rules will operate.

In the second part we focus on the rules aimed at depreciating assets for business clients. We work through the timing rules, which assets can qualify for an immediate deduction, when SBE general pools can be written off and how the accelerated depreciation rules will apply.

In both webinars we will cover some of the planning opportunities and tip and traps that you need to be aware of.

Individual Register
Office Register
Member Register

What we cover

Part 1: PAYGW Cash flow boost measures

  • Who will be able to receive credits for PAYGW amounts
  • How the rules apply to groups with multiple entities or employers
  • Calculating the credits and timing of the refund
  • Triggering entitlement to the credits – get your timing right
  • Practical issues and flow-on implications associated with these rules
  • Integrity rules that you need to be aware of
  • Planning opportunities to get the best result for your client

Part 2: Instant asset write-off and depreciation rules

  • The assets that can qualify for the immediate deduction rules (and what will miss out)
  • The grouping rules that need to be considered
  • Limitations that apply when claiming deductions
  • How the accelerated depreciation rules work in practice
  • How the timing rules apply
  • The difference between being a small business entity and a medium business entity
  • Planning considerations
Individual Register
Office Register
Member Register

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 Easton 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 was 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
Michael Carruthers
Tax Director, Knowledge Shop

Wednesday, 1 April & Wednesday, 8 April 2020

Part 1: 12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 9:00am WA

Part 2: 12:00pm - 1:00pm AEST in ACT, NSW, QLD, TAS & VIC
11:30am SA & QLD | 10:00am WA

Members

Web series: Part 1 & Part II
Access to the recording

  • $245 Individual access for series
  • $445 Office access* for series
Member Register

Non-Members

Web series: Part 1 & Part II
Access to the recording

  • $299 Individual access for series
  • $499 Office access* for series
Individual Register
Office Register

Terms & conditionsAll 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 20 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).