Tax & Business Services Intermediate I
Online Workshop


Case study driven - Take your compliance team to the next level

17, 20, 24 & 27 November 2020

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Move beyond the fundamentals of compliance work
Take your team members to the next level
Brilliant refresher to keep you current

There is no other program as practical or close to reality as this one at this level.

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 I Online Workshop focuses on identifying issues and potential problems before the client jumps in and commits to something that might have a poor tax outcome.

Best for those moving beyond the basics and building the complexity of the work they tackle, and those needing a refresher on current law.

Essential for those who attended the Tax & Business Services Basic Workshop.

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Knowledge Shop members, login for the discounted rates

Session 1
Tues 17 Nov. 2020
Session 2 
Friday, 20 Nov. 2020

Session 3 
Tuesday, 24 Nov. 2020
Session 4 
Friday, 27 Nov. 2020

Time for all sessions:
11:00am - 12:30pm AEDT in ACT, NSW, TAS & VIC
10:30am SA
10:00am QLD
09:30am NT
08:00am WA

Reference notes included
6 PD hours
3-month recording access

What we cover

Tax & Business Services Intermediate 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 each session 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.

Case Study: Division 7A 

  • The Division 7A problems too many practitioners are still failing to recognise (and the horrible impact this has on clients!)
  • Division 7A issues over time
    • How to achieve an efficient tax outcome
    • Why the short term ‘fix’ can cost your client big $ in the long run (and how to fix the fix)
  • Trusts - the dangers of loans to and from trusts
  • Unpaid distributions to companies:
    • 79% tax - preventing the worst case scenario
    • The options available
  • Managing loan agreements (what absolutely has to be covered)
  • Calculating distributable surplus
  • Getting the timing right
  • The current status of the proposed new rules

Michael CarruthersWith Michael Carruthers
 Tax Director, Knowledge Shop



Tuesday, 17 November 2020 at 11:00am - 12:30pm AEDT

Reference notes and 3-month recording access included.

Case Study: Personal Services Income 

  • Recent cases - the ATO's renewed interest
  • The ATO rules of thumb that can get your clients off the PSI hook
  • Can you really identify personal services income?
  • Understanding the different rules for companies, trusts and partnerships
  • Applying the tests
    • Why passing the results test is harder than you think
    • Why your clients might fail an ATO audit
  • Why the rules apply to sole traders too
  • The concessions that might help your clients pass the tests
  • Special rules for agents, including financial planners
  • What to do when your client is caught by the rules
  • The practical issues:
    • PAYG withholding and tax returns
  • Part IVA and PSI:
    • High and low risk tax planning strategies


ProfileKarenVella1With Karen Vella
 Trainer, TaxBytes

 


Friday, 20 November 2020 at 11:00am - 12:30pm AEDT

Reference notes and 3-months recording included.

Case Study: CGT & Main Residence Rules

Why they are not as easy as you think!

  • Non-residents: What happens if your client becomes a non-resident while they still own the dwelling that was once their main residence
  • Making the most of the concessions that are available
  • Calculating the gain when the status of the property changes
  • Accessing the exemption - the step-by-step procedures
  • Moving beyond the basics
  • Using a home to produce income and why some clients are in for a shock
  • What happens if your client is a non-resident and they still own the house

Michael CarruthersWith Michael Carruthers
 Tax Director, Knowledge Shop



Tuesday, 24 November 2020 at 11:00am - 12:30pm AEDT

Reference notes and 3-month recording access included.

Case Study: Trusts 

  • The difference between accounting income, taxable income and distributable income explained
  • How to deal with the difference between accounting income, distributable income and taxable income
  • Step-by-step guide on calculating how much tax the beneficiaries and trustee need to pay
    • The rulings that remain in draft
  • The step-by-step guide to making sure that trust distributions are effective
    • Where practitioners are still getting it wrong
  • How to read a trust deed

ProfileKarenVella1With Karen Vella
 Trainer, TaxBytes

 


Friday, 27 November 2020 at 11:00am - 12:30pm AEDT

Reference notes and 3-months recording included.

Our presenters

Michael Carruthers
Tax Director, Knowledge Shop

Michael Carruthers, Tax Director, Knowledge ShopMichael 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.

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 Tuesday 17 Nov. 2020 | Session 2 Friday, 20 Nov. 2020
Session 3 Tuesday, 24 Nov. 2020 |
Session 4 Friday, 27 Nov. 2020

Time for all sessions:
11:00am - 12:30pm 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 - 4 part online workshop 
Reference notes & recording access for 3 months

  •  
    $420 Individual access
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Non-Member

Per person - 4 part online workshop 
Reference notes & recording access for 3 months

  •  
    $499 Individual access
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