Tax & Business Services
Basics Online Workshop

All the things we wish we knew when we were starting out

Fridays: 5, 12 & 19 March 2021

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Fast track the trial & error learning curve for grads
Cut down the review time spent on errors
Active workshop style learning

Tax & Business Services Basics Online Workshop tests your team’s knowledge in a workshop style training environment. This is active learning where participants complete a tax return and BAS while working through real client issues.

Cut down the review time spent on errors and help your team think for themselves, dig deeper, and ask the right questions.

Often team members are not confident about their own knowledge to ask the questions that really count - or worse, they are simply unaware of the gaps in their knowledge. This workshop aims to change that.

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Knowledge Shop members, login for the discounted rates

Session 1
Friday 5 March 2021
Session 2
Friday 12 March 2021

Session 3
Friday 19 March 2021

Time for all sessions:
11:00am - 1:00pm AEDT in ACT, NSW, TAS & VIC
10:30am SA
10:00amQLD
09:30am NT
08:00amWA

Reference notes included
6 PD hours
3-month recording access

What we cover

Tax & Business Services Basics Online Workshop tests your team’s knowledge in a workshop style training environment. This is active learning where participants will complete returns and activity statements while working through real client issues. 

The Basics series is designed to show your team why technical skills will only take them part of the way. We demonstrate why a job does not start and end with just their technical knowledge. At each stage we’ll show your team how to avoid bad habits and do it the ‘right way’: 

  • How to make sure that nothing is missed 
  • Why they can’t always rely solely on what the client tells them 
  • Avoiding the spread of bad habits among team members 
  • Giving your team the confidence to challenge the way things have always been done 
  • Using a checklist as best practice and to assist you with an ATO audit 
  • Teaching your team how to resolve an issue 
  • Why clear and precise workpapers are so important

Case Study 1

So you think you know everything about ‘I’ returns? 

We cover the gaps and pitfalls to make sure those tax returns are done correctly. What drives your manager insane and what you should be picking up?

  • Conducting a client interview - what to say and what not to say
  • Preparing an ‘I’ return - with particular attention to trouble spots such as:
    • Understanding income from different investments (e.g., managed funds)
    • What happens when your clients cross borders?
    • Rental property tips and target areas including recent changes limiting deductions and what the ATO is targeting
    • Legally maximising deductions - what clients can claim & when you are pushing the boundaries
    • Travel expenses - when you can use the Commissioner’s daily rates
    • Claiming car expenses
    • When can a meal allowance be claimed as a deduction?
  • Recognising and managing ATO target areas
  • When a deduction can be claimed for business losses
    • Contrasting the rules for individuals and partnerships with those for companies and trusts (including the loss-carry back rules)

 

Friday, 5 March 2021 at 11:00am - 1:00pm AEDT

Reference notes and 3-month recording access included.

Case Study

Analyse and work through a sample trial balance. We then walk you through: 

  • Converting the trial balance into something meaningful
  • Why it’s important to verify every asset and liability
  • Transacting with related parties and what to look for
  • Getting the trial balance to a point where your manager can review it
  • SBE eligibility and when clients can use the SBE concessions
    • Recent extension of the concessions to bigger businesses
  • Changes to the immediate asset write-off rules
    • The new uncapped write-off and when it doesn’t apply
    • Interaction with the $150,000 instant asset write-off
  • The opportunities to look good and deliver an advantage to your client
  • Is there a Div. 7A issue?
  • Taxes on employment and recognising that different taxes tax different things
  • Contractors - what the Commissioner is targeting
  • Why what your client tells you is not always right

 

Friday, 12 March 2021 at 11:00am - 1:00pm AEDT

Reference notes and 3-months recording included.

Case Study 3

We manually prepare a BAS (without software so you can understand the GST fundamentals). We also look at:

  • Recognising the difference between income for GST purposes and PAYG installment income
  • Preparing a BAS without software reports - do your team really understand the numbers?
  • Why tax codes are so important
  • Claiming GST on motor vehicle expenses and on the purchase of the car
  • Tips to reduce the risk of audit


Friday, 19 March 2021 at 11:00am - 1:00pm AEDT

Reference notes and 3-month recording access included.

Our presenters

Craig Rosen
Director, Hayes Knight

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Craig is a business services Director of Hayes Knight in Sydney. His trajectory to Director at a relatively young age is testament to his capacity to understand client needs and get the job completed.

An experienced trainer for CPA Australia and private organisations, Craig is also a stickler for detail - there really is nothing that gets past him. He knows how work needs to be completed and will ensure that participants share this knowledge.

Karen Vella
Trainer, TaxBytes

Karen Vella, TaxBytes

Karen has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight as a Partner, 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 is a trainer for TaxBytes and Knowledge Shop.

  Session 1 Friday, 5 March 2021 | Session 2 Friday, 12 March 2021
Session 3 Friday, 19 March 2021 

Time for all sessions:
11:00am - 1:00pm AEDT in ACT, NSW, TAS & VIC
10:30am SA | 10:00am QLD | 09:30am NT | 08:00am WA

Need group rates? Call (or email) Lee Marshall on 0434 067 133.

Member

Per person - 3 part online workshop 
Reference notes & recording access for 3 months

  •  $420 Individual access
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Non-Member

Per person - 3 part online workshop 
Reference notes & recording access for 3 months

  •  $499 Individual access
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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.