Event details

August 16, 2022 to September 13, 2022
Log on: 12.15pm
Start: 12.30pm
Finish: 1.30pm
Location Online
Contact T - +61 7 3231 2400 events@cgw.com.au
Cost $440 (inc. GST) for series, or $110 (inc. GST) per webinar

In this year’s Tax masterclass series, we are looking at issues where we have seen a significant amount of problems with either the ATO or the QRO in the past 12 months.

Our industry-leading experts are hosting five interactive webinar sessions, covering topics with significant audit risk, such as:

  • section 99B
  • payroll tax
  • losing losses
  • family trust elections
  • how to deal with tax audits and objections.

You have the option to register for each webinar individually or register for all five webinars at a discounted rate of $440 (inc. GST).

Register for the complete Tax masterclass series 2022

Webinar 1: Receiving capital from foreign trusts? How to advise on the tax issues caused by section 99B

16 August 2022

In this first webinar in our tax masterclass series, partner Fletch Heinemann will work through a series of case studies to examine:

  • how to identify when section 99B will apply
  • the types of trusts and funds that are caught by section 99B
  • how to calculate the amount taxed under section 99B, taking into account the ATO’s position on capital losses and net capital gains
  • when foreign income tax offsets will be available
  • the interaction of section 99B and the residency of the trust
  • alternatives that would result in section 99B not applying.

Register for Webinar 1

Webinar 2: Payroll tax perils – what’s new with employment agents and employees and contractors?

23 August 2022

In this webinar, partner Sarah Lancaster and lawyer Elise Emmerson, with help from their dogs (Teddy, the cavoodle, and Maple and Bunsen, the Bernese Mountain dogs), will take a deep dive into payroll consequences for employment agents and look at when a person will be an employee for payroll tax purposes.

After this webinar you will be able to identify:

  • the current audit risks for employment agents and employees/contractors
  • when an arrangement will be an employment agency contract
  • the payroll tax consequences of employment agency contracts
  • the current state of the law on employees and contractors
  • the payroll tax consequences for employers who engage employees and contractors
  • options for you and your clients to manage the risks.

Register for Webinar 2

Webinar 3: The loss of losses – considering whether losses are on capital or revenue account and traps with the non-commercial loss rules

30 August 2022

In this webinar, special counsel Murray Shume will look at how to identify when someone is carrying on a business or profit-making undertaking and work through the non-commercial loss rules with a focus on trading shares and cryptocurrencies. He will do this with the help of case studies featuring his intrepid sheep dog, Bessie.

After this webinar, you will be able to identify:

  • the key learnings from the decision in Greig in relation to carrying on a share trading business or a profit-making undertaking in the context of shares
  • the difference between a trading business and a profit-making undertaking
  • the main issues that arise under the non-commercial loss rules in the context of trading shares or cryptocurrencies
  • mitigation strategies that your client can implement if they are deducting trading losses.

Register for Webinar 3

Webinar 4: Family trust elections

6 September 2022

The rules about family trust elections, in particular who is part of the ‘family group’ and what are ‘distributions’, are quite complex and commonly misunderstood by advisers. This could result in the family trust distribution tax being triggered. It is important that advisers understand the concepts of ‘family group’ and ‘distributions’. Family trust distribution tax, if triggered, is a debt that is not subject to a review period and for which the entity (which makes the distribution), together with the individuals who are directors or trustees, can be jointly liable .

In this session Linda and Tom will cover:

  • when an FTE or IEE is required
  • what the implications of making an FTE and IEE are
  • who is liable to pay family trust distribution tax
  • what ‘distributions’ are
  • who is part of the ‘family group’
  • a case study highlighting the issues.

Register for Webinar 4

Webinar 5: Avoiding the pitfalls when the ATO comes to help

13 September 2022

In this webinar, partner Sarah Lancaster and lawyer Jack Colley, with help from their dogs (Bear, the chocolate Labrador, and Maple and Bunsen, the Bernese Mountain dogs), will look at practical strategies for managing ATO reviews and audits.

After this webinar you will be able to:

  • identify strategies to effectively manage ATO reviews and audits from the outset
  • adequately respond to information gathering requests – including formal and informal requests
  • identify issues relevant to legal professional privilege
  • manage claims for accountants’ concession.

Register for Webinar 5

Register for the complete Tax masterclass series 2022