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Downloadable resources
ATO and Bankruptcy & Winding Up Cases – What you (and your clients) need to know
Business client groups are increasingly subject to debt collection litigation, rising personal and corporate insolvency - How can you best support your clients?
The ATO has been funded by Government to increase collection levels for small business and private group debts, which has resulted in increased recognition of, and firmer attempts to collect, those debts – right through to personal and corporate insolvency action.
This has highlighted the importance of tax advisors effectively engaging with the ATO to try to manage such cases with the Commissioner, in line with the law, policy and decided cases.
The session will look at:
- Context for current ‘harder-edged’ debt collection programs targeting small business and private groups
- The precursor steps to personal (Judgment Debts) and corporate (Statutory Demands) insolvency
- Importance of ‘genuine disputes’ – but noting the hardening line from the ATO on accepting late objections at the insolvency proceeding stage
- Options to avoid (or manage) potential insolvency:
- Release for serious financial hardship (individual income tax only)
- Compromise offers
- Personal Insolvency Agreements
- ATO Practice Statement PSLA 2011/14 (on general debt collection powers) and PLSA 2011/6 (risk management for debt and lodgment)
- Relevant case law as practical examples of how these matters tend to be managed in real-life
- Suggested approaches to optimise the prospects of success in dealing with potential insolvency cases through better engagement with the ATO (and providing better/more persuasive supporting evidence).
Learning outcomes:
Participants will gain an improved understanding of:
- the ATO’s current small business and private wealth debt collection strategies
- ATO statutory powers to rely upon the presumed correctness and thus collectability of ATO assessments – unless challenged under Pt IVC (objection and/or review/appeal)
- ATO administrative approaches to dealing with ‘late’ objections
- Case law about how the courts see these cases working in practice
- Some strategies to optimise the prospects of success in dealing with potential insolvency cases for individuals and companies
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
ATO Phoenix Strategy – Ordering the Phoenix
Ever wonder what the ATO is doing to deal with suspected Phoenix operators and how those strategies may affect your clients who strike financial difficulties?
This session should answer those questions, so don’t miss out…
The session will cover:
- What is ‘phoenixing’?
- The history of ‘phoenixing’
- Differences between ‘phoenixing’ and ‘normal’ insolvencies, especially on a repeated basis
- The role of the ATO in dealing with suspected ‘phoenix operators’
- The types of risks about which the ATO is particularly concerned (e.g. BAS reporting and debts)
- The role of other agencies also dealing with ‘phoenix’ risks, including via the Inter-Agency Phoenix Forum
- Tools/strategies that the ATO may use in dealing with suspected ‘phoenix operators’
- Tools/strategies that other agencies may use in dealing with suspected ‘phoenix operators’
- The risks that such tools/strategies may be applied to ‘innocent’ taxpayers and what advisors may do if this happens to their clients
- Case studies considering how these tools/strategies may apply in practice
- Current developments on ‘phoenix’ enforcement, including the recent report from the Parliamentary Committee into corporate insolvency
- Future issues for potential ‘phoenix’ strategies
Learning outcomes:
Participants will gain an improved understanding of:
- How the ATO identifies/targets suspected ‘phoenix operators’
- How the ATO tools/strategies may apply to both ‘phoenix operators’ and ‘innocent’ taxpayers who are targeted
- What to do if clients are subject to such ‘phoenix’ tools/strategies
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Downloadable resources
Downloadable resources
ATO Private Rulings - When, Why & How?
How to run a private ruling application through the ATO (and beyond) and why your clients may want to seek one.
This session will cover one of the most important issues affecting taxpayers:
- Introduction to the ATO Private Ruling System/Provisions
- What sorts of matters can (or can’t) be subject to an ATO Private Ruling?
- ATO Private Ruling ‘forms’ and why they are important? [Legally binding status]
- Refusals to Rule – When can the ATO Say: ‘No’
- What can be ruled upon: issues of liability, administration, procedure, collection, exercise of Commissioner’s discretion/s and even ultimate conclusions of fact/value.
- Importance of Facts for Arrangement Ruled Upon
- Who can apply/seek a Private Ruling?
- When can a taxpayer rely on a Private Ruling?
- Timeframes – Information Requests & ‘Deemed Decisions’
- Interactions Between Public & Private Ruling Systems
- Limitations on challenging Private Rulings
- What next?/Objections, Appeals to the AAT and Reviews in the Federal Court
This session will also explore various case studies from litigation outcomes in reported Private Ruling cases to illustrate the ‘Dos’ and ‘DO NOTs’ in Private Ruling matters.
Learning outcomes:
Participants will gain an improved understanding of:
- which matters can be subject to an ATO Private Ruling?
- why to seek such a Private Ruling in different types of matter?
- what will happen during a Private Ruling case?
- how to try to manage the best outcomes in a Private Ruling case?
- what to do next, if your client is unsuccessful in their Private Ruling?
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Choosing a Business Structure
A practical guide to the considerations to be aware of when choosing a business structure
Choosing a business structure is one of the most basic but vital decisions a client will ever take. How can advisers assist in taking this fundamental decision, one which can have profound personal and business consequences down the track?
Using practical examples, case studies and clear language, we will explore the ways in which a business can be structured, highlighting the advantages and disadvantages of each, the tax implications of each and how it is possible to tax effectively move from one structure to another:
- Tax breaks on setting up a new business
- Setting up as a sole trader
- Setting up a company
- Forming a partnership
- Using a trust
- Hybrid structures
- Tax implications of each structure for business and owner
- Tax effectively moving from one structure to another – restructure rollover and other tax breaks
Learning outcomes:
Attendees will gain a high-level understanding of how new businesses can be structured in a tax effective way, including a guide to the various commonly used structures. The webinar will highlights the tips, traps and practical planning points that can add real value to a client conversation.
Suited to:
Tax and accounting professionals and other business advisers who deal with clients who are looking to start a business.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Commercial Considerations when Selling a Business
Optimising Business Sales: Unveiling Key Commercial Taxation Considerations
A practical guidance on how to go optimise your clients’ tax position upon a business sale in the SME sector will be provided.
This session extends to covering key commercial aspects of typical business sales and the ‘best practice’ approach that may be adopted to deal with them, outlining:
- earn out and claw back arrangements
- GST and duty on the sale of a business
- due diligence issues upon acquisition of a business
- tax warranties, indemnities and legal documentation
- managing the sale process appropriately
Learning outcomes:
This session provides an overview of the commercial consideration of a business sale and how best to optimise the tax position for you and your clients.
Suited to:
This session is suitable for accounting, taxation and legal professionals (at all levels) that require a practical understanding of business sales in the SME sector.
You will also be provided with:
- Access to E-Learning Recording, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Certificate
CPD Points: 1
Contractors v Employees - Avoiding the Tax and Super Pitfalls
A practical guide to the minefield of “employee v contractor” decisions and the tax implications of getting it wrong.
There is great deal of confusion about the implications of categorising a worker as an individual or a contractor. The goalposts are moving, with several significant cases and a recent ATO ruling to consider.
This session looks at the tax and super implications for both the business and the individual, considers the costs of getting it wrong and outlines what employers have to do to build a defensible case.
Amongst the topics to be covered:
- The impact of structuring worker engagement on PAYG(W), FBT and Super Guarantee liabilities
- How do recent court cases impact the decision-making process?
- New ATO guidance which must be considered by employers, and how it differs to previous guidance
- Why avoiding PAYG(W) doesn’t necessarily mean that an employer also avoids super guarantee liabilities
- Compliance and documentation – what you need to do to avoid ATO challenge
- Costs and penalties of getting it wrong
Learning outcomes:
Attendees can expect to complete the session with a detailed understanding of the distinction between employees and contractors and the tax implications of each.
Suited to:
This session is suited to all accountants and tax practitioners with business clients who engage workers.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Downloadable resources
Downloadable resources
Division 7A Update
An overview of the current state of play with Division 7A including latest ATO guidance on unpaid present entitlements
The Division 7A rules are one of the most complex and easily misunderstood areas of tax law and the tax implications for clients that fall foul of the rules can be profound.
This session will provide an overview of the current law in this complex area, together with the details of how to avoid Division 7A by putting in place a complying loan agreement. In addition, the session will highlight the ATO’s changing stance on unpaid present entitlements, noting the steps that now need to be taken to sidestep Division 7A.
During the session, you will be guided through the maze, including:
- Overview of the existing Division 7A rules
- ALERT: Overview of the recent Bendel case – what does this mean for UPE’s?
- What needs to be done to put in place a complying loan agreement to avoid Division 7A, including documentation and timing requirements?
- ATO’s treatment of unpaid present entitlements arising before 30 June 2022
- When will post 30 June 2022 unpaid present entitlements become subject to Division 7A? Overview of the ATO’s latest position, highlighting key differences to previous draft guidelines and possible impact on “bucket companies”.
- Sub-trusts: do they still have a role in Division 7A planning?
- New ATO warning highlights arrangements where a holding company is interposed to access company profits tax free, with clear Division 7A exposure.
- Where are we up to with the proposed government changes to Division 7A, including new simplified loan rules? Will these changes ever take effect? What should clients do?
Learning outcomes:
Participants will gain an up to date understanding of proposed and actual changes to the Division 7A rules, how they will impact clients, what advice needs to be given and what action needs to be taken. Material reflects and clarifies ATO guidance and case law.
Suited to:
Tax Agents, accountants, lawyers and other professionals who act for private companies and associated entities (including individuals and trusts) with actual or potential Division 7A issues.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Foreign Income and the Foreign Income Tax Offset
A guide to the tax treatment of foreign income and how to claim the Foreign Income Tax Offset (FITO).
This session takes a deep-dive into all aspects of foreign income and the associated tax offsets, including:
- Tax treatment of different sources of foreign income, depending on residency of the taxpayer, source and type of foreign income eg:
- pensions and annuities
- business income
- employment income
- income from assets and investments
- capital gains on overseas assets
- The impact of DTA’s
- Eligibility for the FITO
- How to calculate the FITO
- Which foreign taxes to include in the calculation
- When to claim the FITO
- The interaction between the CGT discount and the FITO
Learning outcomes:
Attendees will gain an understanding of the Australian tax treatment of various types of foreign income, as well as the principles underlying the calculation and application of the FITO.
Suited to:
Tax Agents and accountants who act for clients with foreign income and assets.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
How Best to Extract Funds when Selling a Business
Maximising Cash Flow: Strategies for Extracting Funds when Selling a Business
Most advisers will agree that tax outcomes invariably drive the structure of business sales in the SME sector.
This session provides further practical guidance on how to go optimise your clients’ tax position upon sale to include:
- accessing the proceeds after a sale of business assets
- selling the business entity (sale of shares and/or sale of units)
- comparing the net cash position under each sale option
- planning opportunities around CGT small business relief
- choosing the most effective sale route for your client
Learning outcomes:
This session provides an overview of how to maximise the extraction of funds from a business sale for you or your clients.
Suited to:
This session is suitable for accounting, taxation and legal professionals (at all levels) that require a practical understanding of business sales in the SME sector.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Income Tax Case Update
Update on major income tax cases over the last 6 – 12 months
There have been some significant income tax decisions over the last six to twelve months about which practitioners and their clients should be aware.
This session is intended to give tax practitioners, accountants and lawyers an improved understanding of the impacts of some of the recent key income tax decisions, covering cases on:
- ATO tax administration and collection affecting income tax
- Tax residency
- Assessable income
- Allowable deductions
- Capital gains tax
- Taxation of trusts
- Taxation of companies
- Anti-Avoidance Rules
- Refundable Offsets
- ATO audit assessments and the practical issues in challenging them
Learning outcomes:
Participants will gain an improved understanding of these key cases:
- Why the cases are important
- What the impacts of the key cases are for which types of client
- Risks that these key cases either create or exemplify
- Key messages to share with clients about these cases
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Downloadable resources
Downloadable resources
International Tax (2023)
Get up-to-speed with the basics of international tax
The key focus of this session is to cover the basic principles of international tax as it primarily affects individuals, including the impact on clients leaving and coming to Australia. It covers the rules that apply to tax residence and source under each scenario.
With an increasingly internationally mobile workforce, this session will have appeal for those from both large and small firm environments.
This session covers the subject of international tax at an introductory – intermediate level.
Learning outcomes:
This practical session will
- provide guidance on how an individual’s tax residence status is accurately determined, including the related issues that arise from this
- cover the capital gains tax consequences of becoming a resident or non-resident
- provide an overview of the temporary residence provisions.
- cover the operation of Australia’s double taxation agreements
- cover key issues on superannuation, withholding tax and the taxation of foreign sourced income.
- Practical examples and case studies based on current ATO practice and common law decisions are provided throughout.
Suited to:
The session is suitable for accounting, taxation and legal professionals, as well as those working in commerce and HR / international assignment services that may require a working knowledge of international tax concepts for individuals.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Sale of Business
Be prepared when a sale opportunity presents itself. Planning is key to getting the best after-tax results.
With tax playing such a fundamental part in SME business sales, tax advisers have a key role to play, not only in accurately determining the tax outcomes of a business sale transaction but being able to heavily influence how a particular sale is structured.
Optimising the net cash position of an SME group upon sale can be a challenging exercise, with a number of traps for the unwary. This first session in a three-part series demonstrates how this can be achieved by adopting a number of ‘tried and tested’ strategies, covering the two main sale routes (sale of business assets and sale of entity).
Learning outcomes:
A practical case study approach is taken in this series with Part 1 dealing with:
- understanding the key stages of the business sale process
- determining the ‘pre’ and ‘post’ CGT status of a business
- structuring the sale of the business assets
- handling the apportionment of sale proceeds across asset classes
- accessing the CGT small business relief concessions
Suited to:
This session is suitable for accounting, taxation, and legal professionals (at all levels) that require a practical understanding of how tax drives business sales in the SME sector.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Downloadable resources
Downloadable resources
SME Loans
SME Loan Mastery: Navigate Complexities with Practical Guidance
The treatment of loans in the SME space can cause problems for practitioners and the complexity of the legislative provisions often adds to the confusion and uncertainty.
Experience shows that many practitioners can find themselves ‘blind-sided’ by the legislative provisions and a lack of understanding on how the respective provisions interact can also lead to difficulties.
This session will provide practical guidance on how to deal with loans in SME groups, including:
- Loans from private companies
- Loans from trusts
- Commercial debt forgives rules
- Interest deductibility in general and for funds on-lent
- Personal use assets and other loan issues
Learning outcomes:
This session will guide you through the complexity of SME lending and highlight several practical situations where loans are prevalent.
Suited to:
The session is suitable for accounting and taxation professionals.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Tax and Motor Vehicles (including Electric Vehicles)
The tax implications of motor vehicle usage: how to avoid the ATO spotlight
More than $7.2 billion is claimed by taxpayers in relation to work-related car expenses every year. As a result, the ATO has put car claims at the forefront of its compliance efforts in recent years, a focus that will continue in Tax Time 2024.
This session gives a “one-stop shop” overview of the income tax, FBT and GST impacts of owning and using a motor vehicle in a job or business, including electric vehicles. Illustrated with a detailed examination of the relevant law and cases, as well as practical examples, this session will provide practitioners with all they need to confidently deal with client motor vehicle claims and queries.
Amongst the issues to be covered are the following:
- When can deductions be claimed for motor car use?
- An overview of the cents per kilometre and logbook methods.
- Tax treatment of electric vehicles
- What is a car for tax purposes? Which vehicles are not cars and how are they treated for tax?
- Record keeping for car use.
- Depreciation for motor vehicles.
- Expensive car limit – how it applies to income tax deductions and GST.
- Ride-sourcing drivers – how the rules apply to drivers for Uber and other similar services.
- Salary sacrifice arrangements.
- FBT and motor vehicles
Learning outcomes:
Participants will gain an in-depth understanding of how tax law applies to motor vehicle ownership and use, how to advise clients and what planning can be done now or in the future to get the best tax outcomes for clients.
Suited to:
Ideal for tax practitioners, accountants and other professionals with individual and small business clients who use motor vehicles as part of their employment or business.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Downloadable resources
Tax Consolidation for SME's
Understand the practicalities of tax consolidation in the SME space
Many advisers are unaware that tax consolidation can be used effectively in small and medium enterprise (SME) business structures. Certain aspects of the tax consolidation regime are not well understood and its practical application in the SME space, remains a mystery for many.
This session aims to provide SME advisers with an understanding the key concepts that underpin the tax consolidation regime, allowing them to identify different situations where it may benefit their client groups. The concepts of eligibility to consolidate, formation, joining and exiting a tax consolidated group are outlined together with the methodology prescribed by the legislative provisions.
The benefits of tax consolidation for entities in the SME space are highlighted, along with a series of common pitfalls, uncovered from firsthand practical experience of advising in this area.
Learning outcomes:
This session aims to provide SME advisers with an understanding of the key concepts that underpin the tax consolidation regime. It will consider the key stages of the tax consolidation process and the benefits and of forming a tax consolidated group.
Suited to:
The session is suitable for accounting and taxation professionals.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Tax Implications of Business Structures
Do you know what the impacts can be for choosing different options for client business structures? Are you or your clients missing out on benefits, or unintentionally risking adverse consequences?
There are a range of issues influencing which business ownership structures clients should use in their particular circumstances about which practitioners and their clients should be aware.
This session is intended to give tax practitioners, accountants and lawyers an improved understanding of the impacts of some of these options, covering:
- General Law Partnerships
- Tax law Partnerships
- Limited Partnerships
- Discretionary Trusts
- Unit Trusts
- Private Companies (Limited by Shares)
- Companies Limited by Guarantee
- Debt vs Equity Investments
- Offshore and Non-Common-Law Entity Types
Learning outcomes:
Participants will gain an improved understanding of these options and their tricks and/or traps under Australian tax law for:
- General Law Partnership vs Tax Law Partnerships
- Different sorts of Limited Partnerships
- Unit vs Discretionary Trusts
- Private Companies (Shares vs Guarantee)
- Debt vs Equity issues for investments in Companies
- Wide variety of ‘Non-Common-Law’ Entities
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning Includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Tax Litigation - AAT - What, Why & How?
How to run cases in the Tribunal and why your clients may want to go there
This session will cover one of the most important issues affecting both individuals and small businesses – challenging ATO objection decisions in the Administrative Appeals Tribunal:
- Introduction to the AAT (noting the announced changes)
- Recap of ATO objections
- What sorts of cases can (or can’t) be subject to an AAT application?
- Small Business Tax Decisions (including new ‘Stay Power’)
- Other Tax Decisions
- ATO Test Case Funding
- Case Management/Directions
- S.37 Statements/’T-Documents’
- Statements of Facts, Issues & Contentions
- Applicant Evidence & ATO Response Evidence
- Conciliations/Alternative Dispute Resolution
- Hearings in the AAT/’Masters of their own Procedure’
- Powers of the Tribunal/’Standing In the Shoes of the Commissioner’
- Decisions by the Tribunal
- What next?/Appeals to the Federal Court
This session will also explore various case studies from litigation outcomes in reported cases to illustrate the ‘Dos’ and ‘DO NOTs’ in AAT litigation.
Learning outcomes:
Participants will gain an improved understanding of:
- which ATO objection decisions can be taken to the AAT
- why to take some cases to the Tribunal,
- what will happen during a Tribunal tax case
- how to run a case in the Tribunal
- what to do next, if your client is unsuccessful in the Tribunal.
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Tax Residency: A Practical Guide
A guide to issues surrounding tax residency, non-residency, temporary residency and working holidaymakers
This session will provide a practical overview of how tax impacts those coming and going from Australia, those who are here temporarily and those who live overseas but have Australian assets or income.
It will provide an overview of how the residency rules work, with reference to statute and case law and will then apply those, and other relevant laws, to a practical guide to the application of tax to:
- Arriving in Australia:
- The residency rules explained: a guide to TR 2023/1
- How are residents taxed?
- How are overseas assets taxed when you first come to Australia?
- How is overseas income taxed in Australia?
- Working holidaymakers:
- How the rules for working holidaymakers work
- Impact of the Addy case
- Temporary residents:
- What is a temporary resident and how are they taxed?
- Going overseas:
- How are non-residents taxed?
- How are Australian assets taxed when you leave Australia?
- The Harding case – is it now easier for individuals leaving Australia, particularly those going on secondment overseas, to claim non-resident status?
- What is Taxable Australian Property and how does it affect your tax?
- Leaving Australia and coming back again; what it means for your tax and super
- How is superannuation affected when you leave?
- What happens to your student loan when you move overseas?
- Foreign residents and the main residence exemption
Learning outcomes:
Attendees can expect to complete the session with a detailed understanding of the latest developments in the law surrounding tax residency
Suited to:
This session is suited to all accountants and tax practitioners with clients who are expatriates, non-residents and temporary residents or have issues with their tax residency.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Downloadable resources
Update on Handling ATO Debt Strategies
The ATO has pressed the accelerator on its Debt Collection machine and many clients are now having to deal with the firmer actions that the ATO is now taking- How ready are YOU to support your clients when this happens?
The ATO has been funded by Government to increase collection levels for small business and private group debts, so this has highlighted the range of strong statutory powers that the ATO has to collect such debts, on top of the usual tools available for general creditors. This session will look at:
- the current ATO public statements about what they are now doing in those collection ‘harder-edged’ programs;
- an overview of the range of ATO debt collection powers (both specific statutory options for the Commissioner and the general powers available to creditors);
- significant scrutineer feedback so far on how those debt collection programs are playing out in practice;
- strong stakeholder feedback about those debt collection programs and the impacts they are having on client taxpayers; and,
- exploring strategies to better manage the engagement with the ATO when clients are subject to those strategies, taking into account both what the ATO are saying and the constructive feedback from scrutineers and stakeholders.
Learning outcomes:
Participants will gain an improved understanding of:
- the ATO’s current small business and private wealth debt collection strategies
- ATO statutory powers to collect debts
- ATO use of general creditor powers to collect debts
- Scrutineer and stakeholder feedback on the current ATO debt collection approaches
- Strategies to better manage ATO debt collection activities affecting small business and private wealth clients
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
ATO Private Rulings - When, Why & How?
How to successfully navigate common problem areas with work-related expenses claims
The ATO says that individual taxpayers are paying up to $8.7 billion less in tax than they should be and that a large part of this “tax gap” is down to incorrect claims for work-related expenses. As part of a push to reduce that figure, the ATO is increasing its compliance focus on work-related expenses, with a particular focus on some of the most commonly misunderstood claims.
This session will explain how to ensure clients claim what they are entitled to, and nothing more, by explaining how the rules apply to some of the most commonly claimed (or mis-claimed) deductions, including motor vehicle use, work-related travel, overtime meal claims, self-education, work-related clothing and laundry, home office expenses, mobile phone and internet claims.
Amongst the topics to be covered are the following:
- What can be claimed – exploring the three golden rules to a successful deduction claim.
- Overview of recent key ATO guidance (including accommodation, travel and working from home) and case law
- The rules regarding working from home claims, including guidance on the application of the revised fixed rate and additional compliance obligations.
- "Standard” deductions – when do they apply and when don’t they apply?
- Overview of other key expenses, including self-education, motor vehicle, and accommodation/travel claims
- Compliance markers – the common audit traps that can trigger an audit or review
Learning outcomes:
Participants will gain a better understanding of how the rules regarding work-related expenses claims apply, both in theory and when applied to common client situations, as well as how to ensure that client’s claims stand up to closer ATO scrutiny.
Suited to:
Tax Agents and accountants who act for individual clients with work-related expenses claims.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1