The Stimulus Package in Practice Web Series

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

Recorded 1 April & 8 April 2020

Individual Recording

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 cash flow 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 Recording
Office Recording
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

FPA Accreditation: 21343
ASIC Financial Planning: 1.50 hours, FASEA Technical Compliance: 1.25 hours, FASEA Regulatory compliance and consumer protection: 0.25 hours

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

FPA Accreditation: 21344
ASIC Financial Planning: 1.25 hours, FASEA Technical Compliance: 1 hour, FASEA Regulatory compliance and consumer protection: 0.25 hours

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

Register

 

Individuals

$245 Member
$299 Non-member

 

 

Office

$445 Member*
$499 Non-member*

 

*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.

 

How to access the recording

  1. Knowledge Shop members, access your discounted pricing by logging into the Knowledge Shop member website and registering. More on membership.
  2. For Individuals:
    • Register and we will email you your access details to Knowledge Shop's IQ platform (generally within 24 - 48 hours).
    • Your recording and any successive recordings you purchase will display on your personal profile.
  3. For Offices (access for up to 20 individuals from the same firm): 
    • Register and we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
    • You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
  4. Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant. 

  

 
Terms & Conditions 
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed.  Refunds are only possible if the webinar recording has not been accessed.