Tax & Business Services Intermediate II Online Workshop

Step up beyond the fundamentals of compliance work

Move beyond the fundamentals of compliance work
Identify issues and risks before they become a problem
Brilliant refresher to keep you current

A 4-Part Live Instructor Led Workshop

Tax & Business Services Intermediate II covers the issues most practitioners previously had to learn by experience or by making mistakes. Using a case study format, we help team members step up beyond the basics and manage the common but often tricky tax and business services compliance issues.

The case study structure of the program gives a ‘real life’ context to tax and business services and ensures that the logic of why particular things are completed in a particular way is not lost in theory:

  • Concessions for different sized businesses
  • Trusts: The next step
  • Rental property issues
  • Loans between related parties
Total 8 CPD Hours (est.)

Dates & Details

Wednesday, 23 October 2024
Friday, 25 October 2024
Wednesday, 30 October 2024
Friday, 1 November 2024

Time
11:00am - 12:30pm/1:00pm AEDT
10:30am SA
10:00am QLD
9:30am NT
8:00am WA

*Office registrations: Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

Designed for accountants who are comfortable with the fundamentals of compliance work and are ready to step up to the next level - or as a practical refresher on the ‘need to knows.’

Tax & Business Services Intermediate II focuses on identifying issues and potential problems before the client jumps in and commits to something that might have a poor tax outcome.

What's included?

  • 4 x webinars
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
1
1.75 CPD hours (est.)

Session 1: Concessions for different sized businesses – how ‘small’ must the business be?

October 23, 2024
  • Different turnovers for different concessions
    • $2 million, $5 million, $10 million, $50 million or $5 billion – which threshold to apply and when
  • What is a small business entity (SBE)?
    • Is an SBE still relevant?
    • Navigating the various concessions for SBEs
    • The ATO’s different approach for companies
    • Simplified depreciation
    • Writing-off pool balances
    • How business structure can impact on whether the tax offset can be claimed
  • What is a base rate entity (BRE)?
    • Corporate tax rate v franking rate – why this is still catching practitioners out
    • Tax planning strategies
  • Clearing the complexity of the current depreciation rules
    • How to claim an immediate deduction for depreciating assets - what threshold to apply
    • SBE $20,000 immediate deduction for the 2023-24 tax year
      • Potential extension for the 2024-25 tax year
    • Interaction between the old and the new depreciation rules
w Rae Ni Corraidh
3
2 CPD hours (est.)

Session 3: Trusts: the next step

October 30, 2024
  • What is a Family Trust Election (FTE) and when do you need one?
    • Advantages and disadvantages of FTEs
    • What to watch out for when an FTE is in place
  • Unpaid distributions - what are the risks?
    • The latest on s 100A
    • The ordinary family or commercial dealing exception
    • When section 100A can apply to distributions made to adult children
    • Just how much is acceptable?
    • How to reduce the risk
w Karen Vella
2
2 CPD hours (est.)

Session 2: Rental property issues

October 5, 2024
  • ATO target areas
  • Properties rented to family members and other related parties
    • Recognising income and the impact on deductions
  • Repairs vs capital improvements
    • Body corporate levies
  • Interest deductions – what’s attracting the ATO’s attention?
  • Expenses incurred before the taxpayer rents out the property
  • Expenses incurred after the taxpayer stops renting the property or the property is sold
  • Deductions relating to ‘second hand’ depreciating assets
  • Deductions relating to ‘vacant land’
  • Issues that arise when earning income through AirBnB and other sharing economy platforms
  • Impact on the main residence provisions
    • When can the absence rule apply?
    • Absence rule for a non-resident
  • GST problem areas
w Rae Ni Corraidh
4
2 CPD hours

Session 4: Loans between related parties

November 1, 2024
  • On-lending to a business
    • Deductibility of interest
  • Tidying up inter-entity loans
  • What to do if the loan is not recoverable?
    • When can a deduction be claimed by the lender?
    • Impact of interest free loans
    • How to work out whether a capital loss is available and how to structure loans so that capital losses can be claimed on forgiveness of debts
  • Applying the commercial debt forgiveness rules in real life
  • Division 7A and debt forgiveness
  • Family breakdown, death and debt forgiveness
w Karen Vella

Our presenters

Tax Adviser, Knowledge Shop

Rae Ni Corraidh

Rae Ni CorraidhRae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios.

She understands the challenges faced by practitioners and brings a wealth of practical experience to the workshop to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.

Rae holds a Masters in Commerce specialising in tax, has over 25 years tax experience in professional services firms, both in Big 4 in Australia and overseas, and has held management positions in mid-tier firms.

Tax Training Team Leader, TaxBanter

Karen Vella

Karen Vella R 2Karen has over 25 years experience in the tax profession, first as a practitioner and more recently as an educator. She trained with the Big Four and initiated her own successful small practice before moving to Hayes Knight as a Partner.

Prior to joining TaxBanter, she spent many years as a trainer and technical writer for Webb Martin Training, and then most recently TaxBytes. She is also a regular presenter and consultant for Knowledge Shop.

Karen loves to talk tax. She has provided tax training to clients ranging from the Australian Taxation Office to accounting firms, both large and small. Her specialty is translating complex content into something meaningful, engaging and practical for her clients, no matter their level of experience.

Terms & Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online
education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Knowledge Shop Pty Ltd's written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Knowledge Shop Pty Ltd may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Knowledge Shop Pty Ltd reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Knowledge Shop Pty Ltd directly, with all requests to be considered on a case by case basis by Knowledge Shop Pty Ltd in its absolute discretion.

The General Terms and Conditions can be accessed here.