Tax & Business Services Intermediate I
Online Workshop

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

With 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

With 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
  
  

With 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

With Karen Vella
 Trainer, TaxBytes

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

Reference notes and 3-months recording included.