In this year’s tax masterclass series, we focus on issues that have caused significant problems with the ATO or the QRO over the past 12 months.
Our industry-leading experts will host six interactive webinars, covering high audit-risk topics, including:
- family trust elections
- dealing with market value in tax matters
- small business CGT concessions: traps and tips
- how to deal with tax reviews, audits and objections
- ATO debts and director penalty notices
- payroll tax ‘sleeper’ issues.
You can register for each webinar individually or for all six webinars at a discounted rate of $825 (including GST).
Webinar one - Family trust elections
Details
29 October
(Qld time)
Recording and presentation available
$165.00
Speakers
Linda Tapiolas
and
Janice Yong
There has been so much in the press recently about the devasting financial impact of family trust distribution tax, which applies when entities that have made FTEs or IEEs make distributions outside of the test individual’s family group. With the ATO’s increased focus on trusts, it is essential that advisers stay on top of these issues.
In this session Linda and Janice will use practical examples to explain:
- when an FTE or IEE is required
- the implications of making an FTE and IEE
- who is part of the ‘family group’
- who is liable to pay family trust distribution tax
- what ‘distributions’ are.
Webinar two -Dealing with market value in tax matters
Details
5 November
(Qld time)
Recording and presentation available
$165.00
Speaker
Tom Walrut
The concept of market value has permeated all levels of state and federal tax legislation. It is notoriously difficult to define in practice and its meaning varies depending on whether it is used in a legal, accounting or valuation context.
This session will shed light on:
- where market value concepts arise in state and federal tax legislation
- how to use market valuations when dealing with revenue authorities
- how to instruct valuers and how to ‘settle’ valuation reports
- some recent case law dealing with market value in a tax context.
Webinar three - Small business CGT concessions: traps and tips
Details
12 November
(Qld time)
Recording and presentation available
$165.00
Speaker
Linda Tapiolas
The small business CGT concessions are extremely generous for those clients who can access them. We are seeing an increase in the ATO’s focus on those clients who claim the small business CGT concessions. Therefore it is imperative that advisers understand the eligibility requirements and how the concessions are applied correctly.
In this session Linda will cover:
- Satisfying the small business entity test or net market value test
- issues with the active asset test when assets are held in separate entities to the operating entity
- additional tests required when the CGT event happens in relation to shares or units
- issues when applying the concessions.
Webinar four - How to deal with tax reviews, audits and objections
Details
19 November
(Qld time)
Recording and presentation available
$165.00
Speakers
Joanne Casburn
and
John Lean
Dealing with the ATO can be challenging, whether it involves an audit, debt issue or request for advice. Over the next two webinars, Joanne – formerly an ATO Assistant Commissioner with19 years’ experience – will share her insights on how to effectively manage dealings with the ATO.
In this webinar Joanne and John will cover:
- how the ATO identifies taxpayers for review
- the ATO’s review, audit and objection processes
- information collection mistakes to avoid
- whether a good outcome can be negotiated
- complaints: when, how and to whom
- whether it is worthwhile to request a private ruling.
Webinar five - ATO debts and director penalty notices
Details
26 November
(Qld time)
Recording and presentation available
$165.00
Speakers
Joanne Casburn
and
Graham Roberts
Continuing on from webinar four, Joanne will join Graham, an insolvency expert, to talk about ATO debt. Having both a tax lawyer and insolvency lawyer working together ensures comprehensive support when dealing with ATO debt issues. Joanne and Graham will discuss:
- director penalty notices and defences
- ATO reporting debts to credit reporting agencies
- payment plans
- putting debts on ‘hold’
- ATO debt recovery litigation
- tips for managing ATO-initiated liquidations and bankruptcy.
Webinar six - Payroll tax ‘sleeper’ issues
Details
3 December
(Qld time)
Log on: 12.15 pm
Start: 12.30 pm
Finish: 1.30 pm
$165.00
Speakers
Tom Walrut
and
John Lean
For many, payroll tax is becoming a significant and often unexpected liability. The rules are complex, with numerous ‘sleeper’ issues. This session is designed to explain key concepts and to delve into recent significant case law that could affect a wide range of businesses, including those in the gig economy, health practices, real estate agencies and mortgage broker aggregators.
In this webinar Tom and John will cover:
- an overview of payroll tax and the concept of taxable wages
- the assessment process and lodgement requirements
- topical and common issues including:
- relevant contracts, with recent case developments in Uber Australia Pty Ltd v Chief Commissioner of State Revenue and Loan Market Pty Ltd v Chief Commissioner of State Revenue
- employment agency provisions and their unexpected application
- grouping
- de-grouping applications
- potential structuring options.
