Tax & Business Services Intermediate I Workshop

Take your compliance team to the next level

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

A Live Instructor Led Online Workshop

Tax & Business Services - Intermediate Part I covers the issues most practitioners previously had to learn by experience or by making mistakes. Even experienced practitioners have found that this workshop brings them up to speed with the common problem areas in a range of issues frequently faced by clients.

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 workshop 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.

It’s going to be an exhausting few sessions but well worth the effort. A full workbook - to use as a reference guide for back in the office - is included.

This workshop is 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.

Total 8 CPD Hours (est.)

Dates & Details

Monday, 16 June 2025
Friday, 20 June 2025
Monday, 23 June 2025
Friday, 27 June 2025

Time
11:00am - 1:00pm AEST (NSW, VIC, QLD, ACT, TAS)
10:30am SA & NT
9:00am WA

Terms & conditions: All 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.

*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

How to apply the right tax treatment to different areas of taxation, including:

Division 7A

The Division 7A problems too many practitioners are still failing to recognise (and the horrible impact this has on clients!) and the massive changes that will make things even more complex.

  • Proposed new rules – to be or not to be?
  • 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
    • ATO’s recent guidance which applies from 1 July 2022
  • Managing loan agreements (what absolutely has to be covered)
  • Calculating distributable surplus
  • Getting the timing right

Employee vs Contractor

  • TR 2023/4 and PCG 2023/2 – the ATO’s new guidance on worker classification
  • What are the key factors that need to be considered in determining whether a worker is treated as an employee or a contractor?
    • What the courts are saying about this issue?
    • Why the contract is key
    • Strategies for reducing the risk
  • How far back can the ATO go to recover superannuation guarantee liabilities?
    • Can a company or trust be used to avoid SG obligations
  • Other problems that can arise when contractors are engaged
  • Changes to SG obligations from 1 July 2022 for employers

CGT and the Main Residence Rules

Why they are not as easy as you think!

  • 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
  • The impact of making money through sharing platforms (e.g. Airbnb)
    • New rules from 1 July 2023 which increase the risk of review where the exemption is affected

Personal Services Income

  • TR 2022/3 – What does the ATO’s recent guidance have to say?
  • Can you really identify personal services income?
    • Does a professional practice earn PSI?
    • The ATO guidance in PCG 2021/4 – when does this need to be considered?
  • Applying the tests
    • Why passing the results test or unrelated clients test is harder than you think
  • Why your clients might fail an ATO audit
    • Ensuring the working papers are up to scratch
  • Special rules for agents, including financial planners
  • What to do when your client is caught by the rules
    • The practical issues: PAYG withholding and completing tax return labels
    • Understanding the different rules for sole traders, companies, trusts and partnerships
  • Passing the PSI rules – is that a licence to income split?
    • High and low risk tax planning strategies

Trusts

  • The difference between accounting income, taxable income and distributable income explained
    • How to deal with the difference between them
  • Step-by-step guide on calculating how much tax the beneficiaries and trustee need to pay
  • The rulings that remain in draft and what this means
  • 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
  • The ATO’s recent guidance regarding Section 100A and ‘normal commercial and family dealings’

Our presenters

Tax Training Team Leader, TaxBanter

Karen Vella

Karen Vella

Karen 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.

Tax Adviser, Knowledge Shop

Rae Ni Corraidh

Rae Round

Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios. She has a genuine passion for helping practitioners find a solution to the tax problems that their clients face (and sometimes unwittingly cause).

She understands the challenges faced by practitioners and brings a wealth of practical experience to Knowledge Shop workshops and webinars 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 and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.