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Tax Treatment of Software Webinar

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The practical issues when managing tax for software distributors, developers, and customers

The latest ATO guidance on activities involving software
Treating software as trading stock or a depreciating asset and the tax impact
Common practical issues and problem areas

A Live Instructor Led Webinar

The way we all deal with software has changed significantly over the years and the ATO is catching up, issuing updated guidance on how the tax system applies to software distributors, developers, and customers.

The Tax Treatment of Software Webinar is an essential update on the key issues that need to be considered by clients who are developing apps, distributing software, acquiring software, or paying licence fees to access software. We also look at some of the complex issues that arise when clients have cross border dealings in connection with software.

We work through the most common tax issues that clients face when dealing with software and services relating to software. We also look at how to determine whether software should be dealt with under the trading stock rules or depreciation rules, including whether clients can access up-front deductions for costs relating to the development or acquisition of software under the temporary full expensing rules.

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AU $195 members
AU $235 non-members

Register Me

Register Team*

AU $520 members
AU $595 non-members

Register Team*

Knowledge Shop members, login for the discounted rate.

1.5 CPD Hours

Details

Recorded: 4 August 2022

FPA accredited for 1.5 CPD hours (012813)

  • 1.0 Technical competence
  • 0.5 Regulatory compliance and consumer protection

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 20 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.

All amounts are in Australian dollars

What we cover

The Tax Treatment of Software webinar works through the most common tax issues that clients face when dealing with software and services relating to software, including:

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • Determining whether software is trading stock or a depreciating asset
  • Applying the temporary full expensing rules and SBE pooling rules to software
  • Common tax issues for software developers and distributors
  • When income relating to software licencing or related services can be deferred for tax purposes
  • When payments relating to software are classified as royalties and the tax impact for both parties
  • Key GST issues when dealing with cross border software arrangements
  • Practical issues when seeking to access the R&D tax concessions for software development activities

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is 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.