Tax Talks: Recent Episodes
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Episode 4 of Tax Talks sees Andrew Henshaw and Rajan Verma joined by Stacey Zuluaga to unpack the major tax developments from July 2026.
The discussion begins with the commencement of Payday Super and the expanded Anti-Money Laundering (AML) regime, exploring the practical impact on accountants and small businesses, including cash flow pressures, compliance processes, client onboarding and the growing administrative burden on advisers.
The episode then examines the Government's consultation paper on the proposed 30% minimum tax for discretionary trusts, analysing the practical implications for bucket companies, trust losses, testamentary trusts, family trust elections, restructures and corporate beneficiaries. The discussion also considers whether the proposals simplify the tax system or add another layer of complexity.
The hosts review the ATO's Decision Impact Statement following SEPL Pty Ltd as trustee of the SFT Trust v Commissioner of Taxation [2026] FCAFC 36, discussing what the Full Federal Court's decision means for private businesses, fringe benefits tax and the distinction between benefits provided in an owner's capacity rather than an employee's capacity.
The episode concludes with a review of recent cases, including Baron on serious hardship relief, SKG Cleaning Services Pty Ltd v Chief Commissioner of State Revenue on payroll tax employment agency provisions, and Forever Grateful Holdings Pty Ltd on trust restructures and transfer duty, highlighting the practical lessons for advisers dealing with payroll tax, state taxes and trust administration.
In Episode 3 of Tax Talks, Andrew Henshaw, Rajan Verma and special guest Nick Schaeffer (Partner, PGP Consulting) unpack the biggest Australian tax developments affecting accountants, advisers and business owners. Topics include the High Court's landmark Bendel decision on Division 7A and unpaid present entitlements (UPEs), the latest Federal Budget tax measures, Victoria's updated trust duty guidance, significant payroll tax developments, residency and CGT cases, and what practitioners should be preparing for in the new financial year.
In this episode:
- Bendel: What the High Court decision means for Division 7A, UPEs and trust distributions.
- The ATO's Decision Impact Statement and practical implications for advisers.
- Federal Budget updates, including changes to CGT, negative gearing, SMSF borrowing arrangements and innovative business concessions.
- Victorian trust variation guidance and stamp duty risks.
- Payroll tax grouping and degrouping developments following the Winya decision.
- Residency, hardship and payroll tax cases every adviser should know.
- Practical tax planning considerations for FY2026 and beyond.
Whether you're a tax adviser, accountant, business owner or legal professional, this episode delivers practical insights into the latest tax developments and how they may affect your clients and practice.
Topics: Division 7A, Bendel, UPEs, Small Business CGT Concessions, Payroll Tax, Trusts, SMSFs, Tax Residency, Victorian Stamp Duty, ATO Updates, Tax Planning, Australian Tax Law, Accountants, Tax Practitioners, Federal Budget, Tax Talks Australia.
May was one of the biggest months for tax in recent memory.
In Episode 2 of Tax Talks, hosts Andrew Henshaw and Rajan Verrma are joined by Anthony Tripolino from Tripolino Accountants to unpack the Federal Budget and the significant tax measures that have sparked widespread discussion across the profession.
The episode explores the proposed capital gains tax reforms, changes to negative gearing, the proposed 30% minimum tax on discretionary trusts, family trust distribution tax issues, and the practical implications these measures may have for accountants, business owners and investors.
The discussion also covers several recent tax cases, including decisions involving Division 7A, family trust elections, section 99B foreign trust distributions, trust deductions and burden of proof issues.
For accountants, tax practitioners and advisers wanting to stay across the latest developments, this episode provides a practical discussion of the issues currently shaping Australia's tax landscape.
In this first episode of Tax Talks, Rajan Verma and Andrew Henshaw review the key Australian tax developments from April 2026.
They discuss possible changes to the 50% CGT discount, proposed amendments to foreign resident CGT rules, the new $1,000 work-related deduction, and recent cases across FBT, property development, home office deductions and Division 7A. The episode also covers ATO guidance on property development arrangements and Part IVA, deceased estate main residence extensions, and upcoming issues including the Federal Budget, Bendel and the Uber payroll tax appeal.
Designed for accountants, tax agents, tax practitioners and other professionals, this episode provides a technical and practical summary of April's key tax updates.
Tax Talks enters a new phase.
In this pilot episode, the new hosts are joined by Tax Talks creator Heide Robson to introduce the direction of the podcast and what listeners can expect going forward. The focus remains clear: delivering practical, technically sound tax insights for accountants, advisers and business owners operating in an increasingly complex environment.
Here are eight useful lessons about family law property settlements. Mortgages, loan agreements and trusts might protect you less than you think.
When your clients separate from their partners, you are usually involved in some shape or form. Your divorcing clients will probably ask you to provide financial statements, copies of tax returns and copies of the relevant ITA and ICA accounts in the ATO portal. And ask you a ton of questions, especially about their position in the family law property settlements.
In this episode, let’s walk through seven questions with Andrew Henshaw of Velocity Legal about Subdiv EA and beyond.
In 'The Bendel Case Part 2' - not the most creative title we ever came up with - we will drill deeper into what The Bendel Case means for you.
The Bendel Case shapes up to be the ATO’s Waterloo – a crushing defeat to the position the ATO took in TR 2010/3.
Item 17 makes it very easy for legislators to quickly add new rules to the Professional Code for Tax Agents through a Ministerial Determination.
In this episode, Andrew Henshaw will walk you through the changes to the TASA 2009 and discuss the new Dob-In Rules for tax agents with you.
The four PSB tests no longer protect PSI from the PSI rules. Instead, PCG 2024/D2 drags Part IVA back onto the stage.
When you look at family trusts, everything rotates around the Test Individual. They are the stick in the sand.
When you work with private clients the question of a Family Trust Election almost always comes up. But you need to be careful. A family trust election can be dangerous and cost you a lot of tax, ie. Family Trust Distribution Tax. Unlike normal income tax, the amendment periods don’t apply to Family Trust Distribution Tax, so the ATO can still hit your client decades later with FTDT. Hence, it is really important to get Family Trust Elections right.
This is part 2 of our talk about NDIS registration with Astrid Rivalland and Helen Young of LegalVision in Sydney. Please listen first to part 1 in episode 427.
Your NDIS registration can indirectly influence your GST exemption. Hence, this episode about the ins and outs of NDIS registrations.
In this final episode of our three-part mini-series about charities, we discuss Charitable Sub-Fund Arrangements with Darren Fittler of Gilbert + Tobin in Sydney, Melbourne and Perth.
The post 426 | Charitable Sub-fund Arrangements appeared first on Tax Talks.
As accountants, we work with individuals, companies, trusts partnerships and any combination of those. That is what we are familiar with.
But if a client came to you to set up a charity, would you know how to structure this?
Identity verification of clients is strongly recommended by the TPB, but not yet mandatory.
Employee Share Option Plans - or ESOPs - give you an option to receive a share. That option might vest in the future, or it might not. Hence, taxation occurs only at the vesting point. Or in other words: The taxation point is at the point of vesting.
The post 422 | Employee Share Option Plans (ESOP) appeared first on Tax Talks.
Employee Share Plans (ESP) give you shares without any strings attached. They are taxed upfront.
PSI in TR 2022/3 - steps 7 to 9 is about the employees test, business premises test as well as ATO PSI Determinations and of course the special agent rules.
There are nine steps to work out the taxation of PSI. In this episode, we cover steps 5 and 6, the 80% hurdle, and the second PSB test, the unrelated clients test
The post 419 | PSI in TR 2022/3 – Steps 5 and 6 appeared first on Tax Talks.
When you try to work out a PSI issue, it can get a bit confusing. So, it helps to put all this into a proper process.
Jamie Johns grew his firm to an annual turnover of $5m heading towards $10m. As a mentor at Wize Mentoring he has a unique view into what helps us grow.
How AI boosts your SMSF processing - the challenge is to know what your software is capable of.
In this episode, let’s speak with Rachel Harris about what StriveX does to really woo their staff and really look after them and how that contributed to their amazing growth.
In this episode, you will hear from James Carey of Prime Partners in Sydney how they built their app stack.
So far you could assume a 2-year amendment period for most SMEs. Not anymore. Here is what the update of Regulations 2015 change for you.
In this episode, we ask Bradley Murphy and Darren Catherall of Murphy Tax in Sydney six questions about foreign trusts and companies.
When we talk about trust distributions, we always mention the possible assessment of the trustee. Especially when a trust distribution goes wrong, But what does that actually look like?
s99B ITAA 1936 is about foreign trusts paying accumulated income to Australian resident beneficiaries. Take away one of these elements, and you don't have a s99B issue.
From 2009 until October 2023, a UPE to a company was always a Div 7A issue. Not anymore. As Andrew Henshaw of Velocity Legal in Melbourne will tell you.
Hubspot for accountants - does that really work? Can Hubspot give us what we as accountants and tax agents need to run our practice?
In this episode we will talk with Nathan Reiche of Content Chemistry about CRMs for Accountants.
Div 6E income is relevant when your trust income includes capital gains and/or franked distributions. Then Div 6E will avoid double taxation.
The 1884 Upton v Brown court case is of great importance in taxation. It involved Upton and Brown, beneficiaries of a discretionary trust, where one had income rights and the other controlled the trust's capital.
The theory around foreign trusts is confusing. So in this episode let's use a New Zealand trust as a foreign trust example.
The post 400 | Foreign Trust Example appeared first on Tax Talks.
Foreign trusts are not an issue per se. Nor are resident trusts. It really depends. But if you do have a foreign trust, watch out for s99B ITAA 1936. That is a really dangerous one.
An asset protection trust (aka equity split) does not give you 100% protection but it helps. Each layer you use increases your protection from creditors.
Asset protection layers can get pierced through. None is watertight. But the more layers you have, the more protected you are.
Asset protection silos are to ringfence the assets of one business from the creditors of another.
A reasonably arguable position - a so-called 'RAP' - is essential to protect you from penalties and interest around transfer pricing.
The post 394 | TP Reasonably Arguable Position appeared first on Tax Talks.
A reasonably arguable position - a so-called 'RAP' - is essential to protect you from penalties and interest for incorrect transfer pricing.
All electronic signature questions you ever wanted to know you find in this episode of Tax Talks. Please listen in.
Child support lump sum payments are often favoured by mothers and might improve the relationship between parents.
The post 391 | Child Support Lump Sum Payments appeared first on Tax Talks.
Child support non-agency payments are payments to third parties credited to a child support liability.
The two s100A B Blood and Guardian cases cover some very specific scenarios. And not common examples.
Updated s100A TR and PCG - get the updated review of ATO's approach to s100 issues. Avoid reimbursement arrangements.
TR 98/4 is about child maintenance trust arrangements. It lists five scenarios where the CMT does not qualify for excepted income.
Child maintenance trust income - this is the second part of our interview about the excepted income in child maintenance trusts.
CMT excepted income is what a child maintenance trust is all about. If you don't have excepted income, then there is little point in having a CMT.
How is an electronic signature safer than a wet signature? When and why do we still need a witness? And what are the elements of a System of Agreement?
These are just some of the questions we will cover today with Jennifer Lauchlan and Marcus Hannah of Docusign.
You have seven options to qualify for the simplified transfer pricing record keeping as outlined in PCG 2017/2.
This pipeline walk-through with Taxopedia will give you ideas and food for thought.
The post 383 | Pipeline Walk Through with Taxopedia appeared first on Tax Talks.
Small business litigation funding sounds great but the devil is in the detail. There will be a substantial funding gap. Who pays that gap?
Bitcoin is not a currency - at least that is what the AAT says in Seribu Pty Ltd v CoT in 2020.
'In the Black accounting' covers the final three concepts in the book 'In the Black'.
The post 380 | In the Black Accounting appeared first on Tax Talks.
'In the Black Marketing' - the title of this episode - covers the medium and long-term marketing principles outlined in Allen Bostrom's book 'In the Black".
'In the Black Marketing' - the title of this episode - covers the medium and long-term marketing principles outlined in Allen Bostrom's book 'In the Black".
Nothing happens until there is a sale’. That is the first concept - the first of nine - in Roger Knecht’s book ‘In the Black”. In this book, Roger Knecht outlines nine principles to make your practice more profitable.
The non-commercial loss provisions for partnerships are no different from the ones applying to sole traders. There are just some additional rules that apply.
Late payment of super has always been a problem but now with Single Touch Payroll, it has become a much bigger problem, especially the late payment of super for director wages.
The ASIC portal lists the registered share capital for each company. It lists the class of shares as well as their payment status. In this episode, Damien Lehmann of Lehmann Law Group will walk you through the intricacies of registered share capital.
A child support subpoena issued by the child support agency or the court poses a risk for the paying parent.
PSI in child support assessments is tricky. Even when you pass the PSI rules and have a PSB, the agency can override this.
PCG 2022/D2 gives you a safe harbour for non-commercial business losses; Ben Miller of Wolters Kluwer explains.
In this solocast you will hear 17 arguments for offshore direct hire.
The post 368 | Arguments for Offshore Direct Hire appeared first on Tax Talks.
In this solocast, you will hear 17 arguments for offshore labour hire, e.g. using TOA.
The post 367 | Arguments for Offshore Labour-Hire appeared first on Tax Talks.
ASIC deregistration of insolvent companies can be a deliberate strategy.
The post 366 | ASIC Deregistration of Insolvent Companies appeared first on Tax Talks.
As your business struggles, when is it time to call it a day? Here is Ben Sewell with nine more questions to ask.
The post 365 | When To Call It A Day appeared first on Tax Talks.
What should you do when your business is struggling? There are 19 questions to ask.
The post 364 | When Your Business Can’t Pay Its Bills appeared first on Tax Talks.
How to find your offshore staff - nine steps to find who you need. From advertising to shortlisting and interview.
The post 363 Part 1 | Find Offshore Staff appeared first on Tax Talks.
This one will affect anybody with at least one land holding in Queensland and at least one other holding anywhere else in Australia.
The post Update 32 | Queensland Land Tax Changes appeared first on Tax Talks.
This latest report was published in August 2022 and covers developments up until 31 March 2022. The June numbers are not out yet. In this episode, Kevin Zhang, Technical Compliance Manager of Class, will walk you through the main findings of this report.
The post Update 31 | Class SMSF Benchmark Report August 2022 appeared first on Tax Talks.
A disclaimer of trust income used to be easy - not anymore as Andrew Henshaw of Velocity Legal in Melbourne will tell you.
The Carter Case changed everything. You can no longer disclaim a trust distribution for income tax purposes.
What is it like to work in a labour hire agency in the Philippines? Get an insider view on moonlighting and staff poaching.
Charitha Wasala tells you how he set up his own direct offshore team in Sri Lanka and manages his teams - directly without an agency sitting between him and his people.
Offshore labour hire has become a very popular solution. Listen to three Australian accountants about their experiences.
When you structure across the US - AU border for tax purposes, you easily run into the following six tax questions.
When your clients plan an expansion into the US, they will most likely ask you how to structure this.
How you structure your investment into US public and private markets depends on the following seven factors as Peter Harper of Asena Advisers will tell you in this episode.
Will a Div 7A Loan write-off trigger a deemed dividend under s109F ITAA36? That is the question.
Distributable surplus is one of five Div 7A quick fixes. If you have no distributable surplus, no deemed Div 7A dividend.
Amendment periods determine how much time you have to fix an issue. Within the amendment period you can still fix things. Outside you can’t - unless the commissioner grants you an exemption.
Inventory management and point of sale systems go hand in hand, but the focus is different.
The systems we will discuss in this episode start with point of sale (POS) and then added inventory management (IM). The systems we discussed in the last episode started with IM and then added POS.
Inventory management systems focus on inventory. They cover point of sale but started in inventory.
Holding a 401K as an Australian tax resident can cost you a lot of tax - but there are ways around it.
Today let’s talk with Bradley Murphy and Darren Catherall of Murphy Tax Lawyers and Advisors in Sydney about the CGT implications when you move from the US back to Australia. And whatever we discuss with respect to Australian tax will apply to relocations from other countries as well. So for Australian tax - disregarding any treaties - it doesn’t matter where you are coming from.
In this s100A Q & A session in our mini-series about s100A ITAA36 we go through all the outstanding questions you still had.
Blue zone arrangements can be saved. With a few tweaks, you can usually move back into the green zone.
The Guardian case will give you a better defence when accused of a so-called 'washing machine arrangement'.
The Jamsek case - together with the Personnel Contracting Case - changed everything as Sam Harverey will tell you.
To decide whether somebody is an employee or contractor, you used to look at the totality of the relationship based on the actual facts. You used to look at the actual work, how the employee is actually working. But this has changed as Sam Harvery of Laxon Lex Lawyers in Sydney will outline in this episode.
In this TPB Q & A we ask the TPB three important questions about branding, overseas staff, and supervision.
A resident director usually fulfills just one specific role. And that is to meet the ASIC requirement that one director of a private Australian company must reside in Australia.
In this episode, Adam O'Grady, Assistant Commissioner of the ATO, will discuss the taxation of crypto with you.
s100A ITAA36 is about reimbursement arrangements. I pay you something and then you pay me straight back - that sort of arrangement.
So the ATO has been busy – and has issued not one, not two, not three, but four publications in one hit about s100A ITAA97 around unpaid present entitlements and reimbursement arrangements.
Today let’s focus on TD 2022/D1 which covers the Div 7A issue around unpaid present entitlements.
What is a staking pool and why would you stake your crypto? And what is a rug pull? These are just some of the questions Harrison Dell of Cadena Legal in Sydney will discuss with you in this episode.
Without a basic understanding of crypto blockchains, you can’t really understand the basics of crypto. So in this episode le’ts talk about crypto blockchains.
In this episode, let's talk about the common distinction between investor v trader, airdrops and rug pulls in smart contracts, and how this is taxed.
How LLC income is taxed in the US - disregarding any treaty position - depends on three things as Gary Carter will tell you in this episode.
The subdivision of land is not a CGT event itself, but it often comes along with one as Andrew Andreyev will tell you in this episode.
A single member LLC is a disregarded entity for US federal tax purposes. The Australian entity assumes all US federal tax obligations instead.
CGT event K6 never happens alone - it is always triggered by another CGT event as Andrew Henshaw will tell you in this episode.
From PI over FYI and Suite to KarbonHQ - here is Amy Holdsworth with a helpful overview.
Ten thousand Clients - that is what Lucy Cohen of Mazuma Accountants is aiming for. Here she tells you what she is doing to get there.
Pitch your nitch - if this was easy, we would all be doing it. But it isn’t. So let this episode give you some food for thought.
For US citizens living in Australia, the US taxation of Australian SMSFs is a huge question.
Putting a duplex development onto a site that was previously a main residence can throw a lot of tax issues at you.
When you rent out your main residence, can you tax deduct your home loan? And if you can, can you still claim the 6-year absence rule for the main residence exemption, so basically pay no CGT on the capital gain but still claim the interest while you are renting it out?
That is the question Andrew Henshaw of Velocity Legal in Melbourne will discuss with you in this episode.
How should you structure a property development project for tax purposes? Here is Andrew Andreyev of Andreyev Lawyers with some thoughts.
A default beneficiary might save your trustee from paying top marginal tax rates on trust income and capital gains - without a 50% CGT discount.
Missing trust distributions can cost you a lot of money unless you have a default beneficiary.
For an expansion into the US is it best if your Australian trust holds LLC interests directly? Rather than going through a C-Corp?
Imagine you want to expand your business overseas. How do you avoid tax leakage but also avoid being dragged into the overseas tax system?
When you give an Australian loan to US operations, should you loan to your US blocker or directly to your US trading entity?
When would you set up an LLC plus blocker to expand into the US market? Marsha Dungog of Withers has the answer.
Inbound investments have implications for Australian tax. Clint Harding of Arnold Bloch Leibler in Sydney will tell you what they are.
How do you show Australian companies in US returns? Seth Hertz of US Expat Tax has the answer.
Cross-border royalties - what do you need to look out for when your client pays royalties to an entity overseas?
To block or not to block - that is the question Clint Harding and Alex Rasmussen will discuss with you in this episode.
When your clients expand into the US, here are the types of US corporations to choose from.
Here are 7 important concepts in international tax. Understand those and you got the basics.
The conditions for the NSW jobsaver and micro-business grant are changing. Matthew Addison of ICB has the details.
The Institute of Certified Bookkeepers is about bookkeepers helping bookkeepers helping clients.
A Private Ancillary Fund allows you to claim a tax deduction while still retaining some control of the trust funds.
In this episode Patrick Huang will go through 10 child maintenance trust questions you sent in.
What happens to your family home when your parents die? Here are Amanda Morton and Paul Goldin with some insights.
Who gets the beach house? What are the advantages of moving it to a testamentary trust?
A child maintenance trust can save you a lot of tax but it comes at a huge cost as Simon Bacon of Manby & Scott will tell you.
What do you do when the ATO calls you because one of your clients hasn't paid their BAS and IAS?
Queensland COVID-19 business support ranges from $10,000 to $30,000 for employing business.
In our last episode with Jeri Wambeek of WAO Connect we discussed ERP systems with you. In this episode, let’s ask Jeri three listener questions about ERP.
ERP systems are different to Xero in four ways. Here is Jeri Wambeek of WAO Connect with the details.
Let's look at the 12 conditions that apply to all three NSW COVID-19 business support payments - Business Grant, JobSaver and Micro-Business Grant - and take them apart.
How do you buy farmland as a GST-free 'going concern'? Here is Geoff Stein of BWS Lawyers in Sydney with the details.
How should you structure property development? Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss with you in this episode.
Here is an unfair contract case study to show you how the unfair contract term provisions work.
The history of PSI is a long road through court and ATO rulings as well as the Ralph Review until we finally got some legislation.
What changed on 1 July 2021? No rock the boat changes but still important to know. Here are 11 changes to look out for.
The CGT treatment of pre-CGT shares and company assets keeps causing confusion, so here is a handy overview.
When you structure a farming business, there are many factors to consider. Asset protection, flexible timing of distribution, income tax, capital gains tax. Tara Cuddihy of PWC will share some great insights with you in this episode.
Andrew Hunzicker of Dope CFO will discuss with you how we as accountants can assist this emerging or already booming industry - emerging or booming depending on which state and country you look at.
The Australian cannabis industry is highly regulated but an emerging market with huge opportunities.
Farm succession is all about avoiding surprises. And you do that by dealing with it during your lifetime.
In December 2020 Treasury issued a discussion paper labelled “Education and Training expense deductions for individuals”.
The cost of paying less tax is about opportunity cost. What do you miss out on when you focus too hard on saving tax?
This year's budget is about stimulating growth in a post-COVID world. It is not about systematic change, but there are still some changes you need to know about. Andrew Henshaw of Velocity Legal will discuss these with you in this episode.
The sale of professional services firms often include a vendor finance arrangements, but beware the fineprint.
Xero and Shopify come with inventory management software - a simple one, but one nevertheless. How far can they take you?
In this episode Jeri Wambeek of WAO Connect will walk you through the different levels and set ups of inventory management software.
How do you structure a hobby farm in the most tax effective way? Here is Andrew Henshaw of Velocity Legal with more.
The timing of the declaration of trust over the LRBA property is crucial. Here is Geoff Stein of BWS Laywers with more.
In episode 287, we discussed intellectual property as such. In this episode Melissa McGrath of Coleman Greig Lawyers in Sydney will talk about the taxation of IP.
Intellectual property is a right. It is only property as such to the extent you have a right to it. Here is Melissa McGrath with more.
How to you expand into New Zealand? What GST and income tax implications does this have? Here is Mike Reddy of NZTax.com.au.
What happens to your tax position when you expand overseas? This is what Clint Harding of Arnold Bloch Leibler in Sydney will discuss with you in this episode.
Investing in overseas shares through a company can result in withholding tax leakage as Clint Harding of Arnold Block Leibler will tell you.
How do you do an accounting podcast? Dan Osborne and Tim Garth of 'The Two Drunk Accountants' tell you in this episode.
In some ways CATS Accountants is just a normal practice with a turnover of $1m. But in other ways they are quite unique and unusual.
You probably have clients who pay or receive child support and hence ask you for advice. Simon Bacon of Manby & Scott is a family law lawyer specialising in child support arrangements, so perfect to ask how child support works, how it is calculated and paid and how you can or can’t influence the amount.
How do you treat the US stimulus cheques in Australian tax returns? Seth Hertz of US Expat Tax in Sydney will give you the answer.
Property development within an SMSF can be done but is fraught with danger as Bryce Figot of DBA Lawyers will tell you.
Is it always true that losses need an FTE? Let's talk about when an FTE makes sense and when it doesn't.
In this episode Paul Mackenroth of Cleary Hoare in Brisbane goes through ten of your testamentary trust questions.
Finally, the last episode for 2020 - the Top 10 Podcasts for Australian Accountants 2021.
There has been a significant testamentary trust law change affecting how distributions to minors are taxed. Paul Mackenroth of Cleary Hoare in Brisbane will discuss with you what this exactly means.
Will going AWOL save you money? What happens when your company keeps trading but ignores all ASIC and tax debts?
Tax software doesn't get much limelight. But in this episode with Alan Fitzgerald it will.
Director penalty notices - in short DPN - are the ATO's tax collection tool of last resort to get what they are owed - by going straight for a director's personal assets. Damien Lehmann of Andreyev Lawyers will tell you more.
If you look at the work done in your practice, chances are trusts - especially discretionary trusts - take up a disproportionate amount of time. So let’s talk with Angelique Faes of Class Trust about trust reporting, the pain points and how Class Trust is trying to alleviate those pain points.
Does size matter? Does it matter whether capital is paid in or not? And who is responsible for substantiating the claim of capital profits reserves and capital losses carryforward? These are just some of the questions Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss with you.
What is the difference between company constitutions and shareholder agreements? Should you just have one or do you need both? Why do you need a constitution in the first place? These are just some of the many questions Damien Lehmann of Andreyev Lawyers in Sydney will discuss with you in this episode.
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss 3 ways to save land tax.
How do you tell whether somebody is an intern or employee? Where does an intern stop and employee start? In this episode James True of LegalVision in Sydney will discuss the details with you.
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss ways with you to reduce stamp duty.
Any company can do a share buyback. The question is just whether it should. Here is Emily Pritchard of ACIS with more.
If you have an offset account and use the equity in your home for investment purposes, you should be able to claim a tax deduction. Right? Don't worry if you answered Yes. We did as well. Until this interview with Geoff Stein of Brown Wright Stein Lawyers in Sydney.
Is your home-based business CGT safe? Or will you be hit with a huge tax bill when you sell your family home? Andrew Henshaw of Velocity Legal will show you that running your business from home doesn’t necessarily jeopardise your CGT main residence exemption.
In this episode Emily Pritchard of ACIS walks you through 9 common issues around trust deeds.
This is urgent. Act before 31 December 2020 to avoid foreign trust status by default for discretionary trusts holding residential property in NSW.
Qualifying for the 15 year exemption depends on you passing the 'in connection with your retirement' hurdle. As Andrew Henshaw of Velocity Legal in Sydney will tell you in this episode.
Here are the 10 most important tax concessions announced on budget night 6 October 2020.
Declaring a dividend happens in 5 steps. Here is Paul Mackenroth of Cleary Hoare to walk you through the five steps.
s109T is an issue when the recipient of a Div 7A loan isn't a shareholder but minimum yearly repayments are financed via a dividend.
The Full Federal Court has overturned the Federal Court's Eichmann Decision. Here is Andrew Henshaw of Velocity Legal in Melbourne with more.
To offset a dividend with Div 7A loan repayments, the key issue is timing as Robyn Jacobson of The Tax Institute will tell you in this episode.
The Eichmann case asked two important questions. And changed the active asset test forever. Andrew Henshaw of Velocity Legal in Sydney will give you the back story about the Eichmann case.
Your tech stack can be a waste of money or can propel you to the next level. Aly Garrett of All In Advisory will tell us how she designed her tech stack.
Finding a niche and growing a community in that niche will allow you to exponentially grow, as Aly Garrett of All In Advisory in Adelaide will tell you.
Retirement villages come with long and confusing contracts in tow. Here is John Saunders of the Pittwater Partnership with some insights.
Here is Paul Mackenroth of Cleary Hoare about what happened with the family provision claim in the Marsella case and how to avoid it.
The Marsella case changed forever how SMSF trustee discretion is exercised. Here is Paul Mackenroth of Cleary Hoare with more.
Andrew Henshaw of Velocity Legal in Sydney through with you in this episodes what changed since Jobkeeper 2.0 was announced.
What happens to pre-CGT company assets at the death of the original shareholder? Here is Paul Mackenroth of Cleary Hoare with the answer.
What is a special disability trust? What can or can’t it do? And why would you set one up? Here is John Saunders of the Pittwater Partnership with some answers.
How much does it actually cost to build you a proper funnel that brings you clients? Nathan Watt of Watson & Watt kindly shares with you what he paid along the way.
In this episode Nathan Watt of Watson & Watt will tell you how he designed his lead funnel and grew to 100 client groups within 3 years.
In this episode Melissa Donnelly of Affinity Communications shares 12 insights about website design that you can apply to your own website.
What happens after 27 September 2020? Andrew Henshaw of Velocity Legal in Sydney will walk you through the coming Jobkeeper changes.
The current COVID-19 crisis might make more businesses eligible for the small business CGT concessions. Andrew Henshaw of Velocity Legal in Sydney shares some thoughts with you in this episode.
Who pays how much land tax on what? What should a business buying commercial property consider? These are just some of the questions we ask Geoff Stein of Brown Wright Stein Lawyers in this episode.
Bucket company to the side or interposed holding company? Here is Geoff Stein of Brown Wright Stein Lawyers with some insights.
COVID-19 debt hibernation: All debts put into a box and locked up until 24 September 2020. Here is Ben Sewell of Sewell & Kettle with more.
COVID-19 tenancy law is fuzzy, so it all comes down to negotiation or - if you can't agree - the tribunals, as Ben Sewell of Sewell & Kettle will tell you in this episode.
COVID-19 insolvency law is to help you survive. To get through this crisis alive. Here is Ben Sewell of Sewell & Kettle with the details.
Accounting expo tours are a new idea and a good one. Here are Amy Holdsworth and Ian Walker of Clarity Street with more.
What apps you would put around this core for your accounting practice? Amy Holdsworth and Ian Walker of Clarity Street will try and give you an answer to this question.
Your core apps for accountants sit at the centre of your accounting practice. Everything else revolves around them. Here are Amy Holdsworth and Ian Walker of Clarity Street with the details.
How to run an offshore team? Nick Sinclair of TOA Global will look at how to actually run your overseas team.
What options do you have and what does it cost? Here is Nick Sinclair of TOA Global with some insights.
COVID-19 payroll tax relief will save you money. Andrew Fricot of Payroll Tax Solutions will tell you how much.
Cherry pick from the big end of town. Here is Melissa Donnelly of Affinity Communications with 5 marketing hacks to learn from the big guys.
How to create killer content and deliver it. Here are 12 tips from Melissa Donnelly of Affinity Communications to do just that.
Content marketing is a marathon. So choose a channel you enjoy. Here is Melissa Donnelly of Affinity Communications with some insights.
Converting conversations into clients takes skill. Some of us find it easy. Most of us find it the hardest part of it all. We ask Melissa Donnelly of Affinity Communications for some tips and tricks.
There are three new Jobkeeper rulings - PCG 2020/4, PSLA 2020/1 and LCR 2020/1. Here is Andrew Henshaw of Velocity Legal with the details.
What happens to contract law during COVID-19? Here is Geoff Stein of Brown Wright Stein Lawyers in Sydney with some insights.
Things have become more flexible under COVID-19. In this episode Ben Thompson of Employment Hero will tell you how.
What did employment law before COVID-19 look like? Here is Damien Gooden of HR Central with some insights.
The JobKeeper alternative test might be the lifeline you need if you fail the primary test. Here is Andrew Henshaw of Velocity Legal with more.
The Commercial Tenancies Code might be the lifeline you need. It will hopefully make you stronger when negotiating with your landlord while you can’t pay the full rent. In this episode Scott McKenzie of Velocity Legal in Melbourne will walk you through the 14 principles of the Code.
In this episode Andrew Henshaw of Velocity Legal in Sydney will walk you through the Jobkeeper rules and answer a long list of questions.
Treasury has now published more details of the rules around the jobkeeper payment. Here is Bob Deutsch, senior counsel of the Tax Institute, with the details.
The jobkeeper payment will cost us an estimated A$130 billion over the next 6 months. How do you get your fair share of it? To find an answer, we spoke to Andrew Henshaw of Velocity Legal.
There are 7 conditions you need to meet to qualify for the cash flow boost. Andrew Henshaw of Velocity Legal will go through these today.
There are 4 super measures coming or already implemented that will affect your super. Here is Liam Shorte of Verante Financial Planning with more
Marketing strategy and execution need to go together. One without the other is a Nothing - either a waste of paper or pointless action.
In this episode today Andrew Henshaw of Velocity Legal will drill deeper into certain aspects of the cash boost, which are very important and I urge you to listen.
The federal COVID-19 stimulus bill is now law. Bob Deutsch will tell you how to calculate the cash boost - very different to what we all thought.
Why should I engage with you? This is a constant question in your clients' mind. Here is Melissa Donnelly with more.
What are the most current changes around property and tax? Here is Bob Deutsch of The Tax Institute with some insights.
The federal government accounted the first federal COVID-19 Stimulus Package no 12 March 2020. This episode is to go through the measures announced.
How do you 'read' an US individual tax return for Australian tax purposes? This is the question we asked Seth Hertz of Expat US Tax.
US v Australian tax for individuals - how is US tax different from Australian tax and vice versa? Here is Seth Hertz with some insights.
US citizens living in Australia are taxed on their worldwide income in Australia but also in the US. Here is Seth Hertz of Expat US Tax with more.
App integration is about getting apps to talk to each other. But, what does it actually mean when an app integrates with another app? This is the question we asked Jeffrey Atizado of SMB Consultants and Clinton Cowin of TradiePad.
What should your app ecosystem look like? Here are Jeffrey Atizado of SMB Consultants and Clinton Cowin of TradiePad with some insights.
Clinton Cowin of TradiePad and Jeffrey Atizado of SMB Consultants share their insights as cloud integrators.
What are the three biggest issues around international tax at the moment? Here is Bob Deutsch with some thoughts.
If somebody offered you a way to claim your franking credits twice, would you do it? You might hesitate, but many European banks didn't.
The AFR Top 100 Accounting Firms list makes an interesting read. Here is our interview with the AFR Professional services editor, Edmund Tadros.
Kathy Evans, in this episode, discusses pension and lump sum payments, deductibility of SMSF expenses as well as the SMSF look up.
Why an SMSF? In this episode Kathy Evans of Findex in Albury/Wondonga will list 15 factors to consider.
You don't have to follow the LRBA safe harbour rules. But many do. Kathy Evans of Findex will walk you through the 7 safe harbour rules listed in PCG 2016/5.
The main residence exemption for foreign residents is changing as Andrew Henshaw of Velocity Legal will tell you in this episode.
What happens to the main residence exemption upon divorce or death? Andrew Henshaw of Velocity Legal in Sydney will give you the answer.
Doing AirBnb triggers CGT when you sell your home. Here is Andrew Henshaw of Velocity Legal in Sydney with more.
Matthew Taylor, business broker for accounting practices, shares 9 tips about how to sell your practice.
Matthew Taylor will tell you why the DIY sale of accounting practices is fraught with danger.
It takes a lifetime to build a practice. But just a few months to run it into the ground. So choosing the right buyer is crucial as Matthew Taylor will tell you.
A family allowance agreement might save your family a lot of money. Grant Abbott of Lightyear Docs and I love SMSF will tell you more.
Excess concessional contributions can work to your advantage. Here is Grant Abbott of Lightyear Docs and I love SMSF with more.
The appointor has the power to appoint and remove a trustee. Here is Grant Abbott of Lightyear Docs and I love SMSF with more.
Let these Top 10 Podcasts for Accountants in 2020 inspire you. No podcast has THE answer. So give these 10 a go - you will be glad you did.
The Foreign Investment Review Board is to protect Australia's national interests. Here is Simon Dorevitch of A & A Tax Legal Consulting with more.
Having a leading member is to avoid a stalemate between members and create a clear line of succession. Here is Grant Abbott of Lightyear Docs with more.
The more assets, the more asset protection you need. Here is Geoff Stein of Brown Wright Stein Lawyers in Sydney with more.
SEO is all about your target clients finding your content on page 1 of Google. Rand Fiskin of SparkToro and previously Moz will tell you how.
An SMSF can claim Div 43, 40 and anything under $300 assuming it doesn't run a business. Here is Scott Brunsdon of Depreciator.com.au with more.
Electronic distribution platforms like eBay, Amazon or Netflix may now be responsible for the collection of GST. Here is Simon Dorevitch with more.
The secret in pricing is not in the WHAT but in the HOW. Here is Ed Chan of WIZE Mentoring and Chan & Naylor with more.
The partnership model doesn't work since it relies on people and not on systems. Here is Ed Chan of Wize Mentoring and Chan & Naylor with more.
To find and retain great staff start with the blueprint. Here is Ed Chan of WIZE Mentoring and Chan & Naylor with more.
Buying parcels of fees gets easier with time - the more often you do it, the easier it gets. In this episode Ed Chan will delve deeper and answer some tricky questions.
If you want to buy a parcel of fees, how do you do it? And why should you? Here is Ed Chan of Wize Mentoring and Chan & Naylor with the answer.
This episode with Ed Chan of WIZE Mentoring will look at the marketing of accounting practices by using one firm as an example - Chan & Naylor.
In the last episode Ed Chan of Wize Mentoring and Chan & Naylor spoke about separating production and communication traffic to improve efficiencies. In this episode Ed will discuss the ideal team structure to manage a $1m in fees.
Your firm's success depends on finding the right team structure for your accounting and tax practice. Ed Chan of Wize Mentoring will tell you more.
In 2013 Chan & Naylor lifted its revenue by 42.8% to $18.6m by focusing on three pillars of growth. Ed Chan will tell you more.
In this episode Simon Dorevitch of A & A Tax Legal Consulting in Melbourne will tell you how the so-called Netflix tax actually works.
Growing your practice is not a spectator sport. DO - don’t just talk. Here is Alistair Marshall in Sydney with more.
Your practice survival depends on you being able to find and attract clients. Alistair Marshall will share five insights with you in this episode.
Low value imported goods used to be exempt from GST. Not any more. Simon Dorevitch of A & A Tax Legal Consulting will tell you how this changed and what this means for you.
Downsizer contributions are turning out to be more popular than many thought - including us. To learn more, we asked Daniel Mikhail of Partners Wealth Group to walk us through the details.
Managed funds have become household names. But how exactly do they work? Here is Daniel Mikhail of Partners Wealth Group with some answers.
Most of your wealthy clients will hold some wrap and managed accounts. Daniel Mikhail of Partners Wealth Group in Sydney will walk you through the ins and outs of wrap and managed accounts.
You pay GST on taxable importations but get it back if a creditable importation. Here is Simon Dorevitch with more.
Tax effective structuring is not a one-size-fits all. There are different criteria to consider. Andrew Henshaw of Velocity Legal in Sydney will walk you through the options you have.
How to set up a related party LRBA without triggering a dividend? Andrew Henshaw of Velocity Legal in Sydney will give you the answer.
How exactly does this work when an SMSF buys property jointly as tenants in common? Andrew Henshaw of Velocity Legal in Sydney has the answer.
Liam Shorte of Verante in Castle Hill gives an Investment 101 crash course. If you are an investment guru, skip this episode.
SMSF investment strategies will receive a lot more limelight going forward. Liam Shorte of Verante in Castle Hill will tell you why.
Mental health issues can hit any of us – at any time - when we least expect it. So we should talk about it. Tim Hoopmann is doing just that.
An SMSF can only borrow through an LRBA. Peter Bobbin of Argyle Lawyers in Sydney will tell you more and answer your questions.
SMSF joint property acquisitions are one way to circumvent a lack of cash within an SMSF as Peter Bobbin of Argyle Lawyers in Sydney will tell you.
Most SMSFs have a corporate trustee. In this episode Peter Bobbin of Argyle Lawyers in Sydney will discuss the finer details of corporate trustees.
Income protection insurance is to replace your income while you can't work. But of course there is a lot more to it. We asked Daniel Mikhail of Growth Wealth Partners in Sydney for his insights.
TPD insurance covers total and permanent disability for your own or any occupation - Daniel Mikhail of Partners Wealth Group in Sydney.
Life insurance looks simple - you are either dead or alive. But there is more to it as Daniel Mikhail of Partners Wealth Group in Sydney will show you.
Investing super in property is a popular strategy. But how exactly do we do that? We asked Peter Bobbin of Argyle Lawyers in Sydney about the options we have.
Where do you think most accounting practices struggle the most? Managing people. Edward Chan of Wize Mentoring shares his insights as a mentor to accounting practices.
The accounting industry is consolidating. In this episode we ask Edward Chan of Wize Mentoring how to survive and grow in this battle of giants.
Practice management is something we all do but is also the hardest thing we do. So we asked Edward Chan of Chan & Naylor and Wize Mentoring for advice.
Most of us need, but very few actually have a fast and stable internet connection. David Lewis of The DLA Group in Sydney will tell you why.
Accounting Futurist - never heard that term? We were the same. Chris Hooper of Accodex in Adelaide will tell you what an accounting futurist does. And why it matters.
The accounting app landscape is confusing. How do you choose the right app for your practice? Chris Hooper of Accodex in Adelaide discusses the app landscape and how to choose the right apps for your practice.
Just automate everything and put up your feet. Chris Hooper of Accodex in Adelaide puts some reality into this notion.
The cloud is full of stories which Heather Smith captures in her popular podcast 'Cloud Stories'. We asked her for more details.
Writing Xero for Dummies required a lot of team work. A lot of stress and late nights. Heather Smith will tell you how she wrote 'Xero for Dummies' and what she learned along the way.
Accounting apps play a big role in the management of your practice. At least they should. Here is Heather Smith with more.
Because examples help, here is Andrew Henshaw of Velocity Legal in Sydney with 5 case studies about the small business CGT concession.
Big business and small business CGT concessions are not meant to meet. But there are ways as Andrew Henshaw of Velocity Legal will show you.
Business Intelligence used to just be for the big end of town. But that is changing. Here is Cameron Lynch of Etani in Adelaide with more.
The easier you make it for your clients to pay you, the faster they will do just that. Here is Tim Hoopmann of Spinn Business Solutions with more insights.
Engagement letters often fall through the cracks. Some practices do them but many practices don't at all. Listen in as Tim Hoopman of Spin Business Solutions in Sydney discuss this.
The death of an SMSF trustee is a big event in the life of an SMSF. You either have it all laid out and the aftermath is as smooth as it possibly could be. Or it all hits the fan.
SMSF trustee responsibilities are many and varied. The road is full of roadblocks and pitfalls. You can engage specialists to help you. But in the end the buck stops with you.
There is a huge back door for a buyer to cancel a property contract in NSW. Rani Ghanda of Turnbull Hill Lawyers in Newcastle will show you how.
Process automation might significantly lift the bottom line of your accounting, tax or advisory practice. Here is Tim Hoopmann with more.
icare administers the NSW workers compensation scheme. Here is Craig McBride of icare with more.
Here is Part II of Paul Goldin's overview of simple mistakes that are easy to avoid but even easier to make - Trust 101 Part II.
Here is a quick overview of simple mistakes that are easy to avoid but even easier to make - Trust 101.
A permanent place of abode no longer needs to be a specific dwelling thanks to the 2019 Harding case.
What happens if a shareholder gives a loan to a company and then writes it off? Here is Andrew Henshaw of Velocity Legal with more.
What will the upcoming Div 7A reform look like? Andrew Henshaw of Velocity Legal in Sydney gives a good overview.
Andrew Henshaw of Velocity Legal in Sydney will answer three Div 7A listener questions.
When does a UPE become a Div 7A UPE? Andrew Henshaw of Velocity Legal in Sydney will give you an answer.
Here are 10 easy ways to fix Div 7A issues. This is an edited extract of Tax Talks episode 50 with Peter Adams.
Div 7A tries to stop cash leaking from private companies to shareholders and associates outside of dividend payments.
The following insights of a tax lawyer will give you hands-on advice how to handle a tax dispute with the ATO.
In this episode Robyn Jacobson of TaxBanter will walk you through the judiciary (courts) and administrative side (ATO) of our tax law system.
Australia has three independent arms of government - Legislature - Judiciary - Administration - that shape our tax system.
If we can't reform our tax system, should we try to at least simplify it? Here is Chris Evans of UNSW with some insights.
Why is tax reform so hard in Australia? Chris Evans of UNSW looks at tax reform and why this seems to be an insurmountable task in Australia in this episode.
RG 146 is a financial regulation issued by ASIC. It lists the minimum training you need to sell financial products.
When is the export of services GST-free? Here is Simon Dorevitch of A & A Tax Legal Consulting in Melbourne with the answer.
Only services connected with ITZ (indirect tax zone) can possibly be subject to GST. If a service is not connected with ITZ, it can't be a taxable supply.
Incoterms are pre-defined commercial terms published by the International Chamber of Commerce.
When is the export of goods GST-free? Simon Dorevitch of A & A Tax Legal will give you a comprehensive answer.
Without a connection to the ITZ, there is no taxable supply. So the indirect tax zone plays a crucial role in GST land.
It starts with a spark. Something flag's the ATO attention and they commence a risk review.
Enduring power of attorney deals with money, assets and wealth, while enduring guardianship deals with medical decisions.
Whether a testamentary trust is a good idea or a waste of your time depends on the size of your estate, your intentions and your beneficiaries.
On the 1 July 2018 a new approach to the non-arm’s length concept came to life. Non-arm’s length expenses (NANE).
ITAA97 NANI is overlooked but dangerous. s295-550 ITAA97 doesn't get much limelight but is more dangerous than s109 of the SIS Act.
SIS Act non-arm's length income features in pretty much every sole purpose test court case.
Your strategic objectives give you the road map to achieve your vision. And they allow you to track your progress.
Your MVV stipulates what you do everyday (mission) to achieve your goal (vision) and how you will get there (values).
Business advisory will allow you to avoid competing on price. Here is Mark Holton of Smithink with more.
This Tax Talks Q & A goes through 10 questions and comments you sent in up to April 2019.
In-specie contributions and payments are complex since you get two transactions "for the price of one".
SIS dependancy determines who gets your super. Tax dependancy determines the amount of tax payable. Here is Gordon Mackenzie of UNSW with more.
A death benefit is any payment your super fund makes after you die. Here is Gordon Mackenzie of UNSW with more.
Labor wants to change negative gearing, CGT discounts and franking credit refunds. Here is Gordon Mackenzie of UNSW with more.
Qualifying for the age pension is an arduous exercise. But it can be done. About 75% of Australians at pension age receive some form of age pension - be it a full or partial age pension.
There is a popular proverb that feels harsh but maybe it does because it is true. A fish rots from the head down.
The four quadrants of success or time management are a helpful way to think about your practice. In the international best-selling book called 'The Seven Habits of Highly Effective People', Dr Stephen Covey writes about his insights studying highly successful business leaders and entrepreneurs.
Everybody preaches to get the foundations right. But what does that mean? And how do you do it? John Peterson will walk you through seven things to get right.
Why do we need a separate Medicare levy in Australia? It all goes into the same pool of funds anyway. So why bother?
Property vs shares - how are they taxed differently? Bob Deutsch, Senior Tax Counsel of The Tax Institute, pursues this question.
A life and remainder interest is often used in a testamentary setting. Here is Michael McCarthy of Tax & Super Australia with more.
A deceased estate entails a myriad of legal and tax questions. Here is Michael McCarthy of Tax & super Australia with the answers.
Binding death benefit nominations are an important part of SMSF succession. Daniel Butler of DBA Lawyers will tell you more.
How does SMSF succession work? Daniel Butler of DBA Lawyers in Melbourne gives a helpful overview and shares quite a few war stories. Here is what we learned.
Australia started implementation of the MLI in 2017. Simon Dorevitch of A & A Tax Legal Consulting will tell you in this episode how this actually works.
The multilateral instrument is to stop base erosion and profit shifting. Here is Simon Dorevitch of A & A Tax Legal Consulting with more.
Multinational base erosion and profit shifting harms Australia through lost tax revenue. Here is Simon Dorevitch of A & A Tax Legal Consulting with more.
Investors in ESICs receive generous tax concessions. Here is Simon Dorevitch of A & A Legal Tax Consulting with more.
In May 2018 the government announced the changes to the R&D tax incentive in its 2018/19 Federal Budget. Simon Dorevitch of A & A Tax Legal Consulting will walk you through the drafted changes.
The Board of Taxation is currently reviewing Australia's small business tax concessions. Here is Dr Mark Pizzacalla with more details.
Chances are the Board of Taxation has featured in your work before. But what does the Board actually do? Here is Dr Mark Pizzacalla with the answer.
The accountants' exemption might come back soon. There are rumours that the government is working on a new accountants' exemption. In which form and nature remains to be seen.
How do you finance aged living? John Saunders of The Pittwater Partnership gives you a helpful overview.
How do we support aged living in Australia? John Saunders of The Pittwater Partnership will walk you through the options.
Did you ever think about doing a Master of Taxation? If yes, this episode is for you. Michael Walpole of UNSW will give you a helpful overview.
Ethics and tax is not something you intuitively put together. But when you think about it you deal with it every day. We wanted to know more and asked Michael Walpole, the Head of School of Taxation and Business Law at UNSW, for details.
Does the taxation of goodwill follow accounting concepts? Here is Michael Walpole of UNSW with an answer.
The top 10 SMSF hot spots for July to October 2018 cover a wide range of topics. Here is Miranda Brownlee of SMSF Adviser.
Trust income streaming is a popular feature of discretionary and hybrid trusts. It means allocating capital gains or franked dividends separate from the rest of the trust income. Paul Mackenroth of Cleary Hoare in Brisbane will give us all the details.
The taxation of trusts mainly lives in the 'old' ITAA36. The plan was to re-write and reform Australia's tax laws but this is yet to happen. In the episode attached Paul Mackenroth of Cleary Hoare in Brisbane will walk you through the framework of Division 6.
Family trust elections play an important role but are not a one-size-fits-all solution. Paul Mackenroth of Cleary Hoare in Brisbane will tell you more.
Section 102 of ITAA36 about revocable trusts is an anti-avoidance provision. Paul Mackenroth of Cleary Hoare in Brisbane will explain why you should avoid revocable trust territory.
The new safe harbour for directors will change the insolvency culture in Australia. Ben Sewell of Sewell & Kettle has worked a lot around insolvency and perfect to ask for more details.
Phoenix activity is a common phenomenon in the Australian tax ecosystem. It is something everybody has heard of in the insolvent space. But what is it? In this episode Ben Sewell of Sewell & Kettle will walk you through the ins and outs of a phoenix activity.
Choosing the right trust structure is an important step to effectively manage and administer wealth. Here is Paul Mackenroth of Cleary Hoare with more.
When you want to set up a discretionary trust, how do you actually do that? Who needs to be involved and who does what? Paul Mackenroth of Cleary Hoare in Brisbane is a trust lawyer and kindly offered to walk us through the process.
A trust is a fiduciary relationship between the trustee and beneficiary over trust property. And that relationship is defined by rights and duties - or to be more precise by the duties of trustees. Paul Mackenroth of Cleary Hoare in Brisbane will walk us through the details.
When moving a TRIS to retirement phase, does it matter when you notify the trustee? Meg Heffron of Heffron SMSF Solutions has the answer.
When a member dies, there is a lot to deal with in the aftermath - including the member's SMSF. Here is Meg Heffron with the details.
The bring forward rule for non-concessional contributions now needs to work around the TSB. Meg Heffron of Heffron SMSF Solutions will tell you more.
To reduce tax you need to maximise the exempt current pension income (ECPI). Melanie Dunn will tell you how.
Not every SMSF needs an actuarial certificate. Whether you do or don't depends on a range of things. Here is Melanie Dunn with the details.
A fund has disregarded small fund assets when a member's TSB in retirement phase exceeds $1.6m. Melanie Dunn will tell you why this is relevant.A fund has disregarded small fund assets when a member's TSB in retirement phase exceeds $1.6m. Melanie Dunn will tell you why this is relevant.
Segregation and ECPI go hand in hand. To calculate ECPI you need to be clear on whether and what segregation applies. Melanie Dunn of Accurium will walk you through the details.
How do you finance business growth? What options do you have when a mortgage or bank loan is not an option? Here is Jeff Zulman with the answer.
With over 800,000 trusts in Australia we clearly like using trusts. In this episode Paul Mackenroth will walk you through the elements of a trust.
Registering a trademark might be the best way to protect your brand. Aaron Walters of IP Australia explains why.
A CGT rollover might be a great option when you can't get your hands onto a small business CGT concession. Here is Adrian Bailey of Cleary Hoare with the details.
Government grants can help our clients to prosper and survive. They can save our client's cash flow position. Here is Stuart Smith of Vebiz with the details.
The Class SMSF Benchmark Report 2018 looks at the effects of the super reforms so far among other topics. Here are the details.
The small business CGT concessions are one of the most generous tax concessions in Australia. Adrian Bailey of Cleary Hoare will guide you through the details.
What is Mclowd's 2020 vision? Where are they heading? Here is Ashley Porter, the CEO of Mclowd with the details.
The basic conditions for small business CGT concessions will tighten for the sale of shares and units. Adrian Bailey of Cleary Hoare will walk you through the changes.
What will future SMSF practices look like? How will they grow and adapt? We asked Aaron Dunn of Smarter SMSF to give us an insight.
Every time you listen to Tax Talks, you earn CPE. That is just one of many things Ian Taylor of the TPB will clarify for you.
How do you exit our practice? What do most practitioners do? We asked Steven Fine of Growth Focus to walk us through the options you have.
We all need to decide where we stand regarding financial advice. One option is to engage a digital financial advice platform. Jim Hennington has more.
The Code of Professional Conduct affects us all. Here is Ian Taylor, the Chair of the Tax Practitioners Board, with the details.
In April 2018 the Australian Productivity Commission published their draft report "Superannuation: Assessing Efficiency and Competitiveness". The report mainly focused on APRA funds but also touched on SMSF performance. And these comments about SMSF performance caused an outcry in the SMSF industry.
What is legally valid when signed electronically? Christine Ecob and Georgina Xiradis of JWS will walk you through the legal framework.
The rules around property depreciation are confusing at the best of times. Bradley Beer of BMT will walk you through the ifs and whens of property depreciation.
Miranda Brownlee writes for SMSF Adviser and covers over 20 stories a week, all about SMSF. We asked Miranda what happened in May. Here is what we learned.
How does one register as a tax practitioner? Here is Ian Taylor, the Chair of the TPB to walk you through the process.
The story of McLowd starts like many other successful start-ups. McLowd was born out of an attempt to "scratch its own itch". Ashley Porter was there.
If you have SMSFs as clients, you probably have done some event-based reporting over the last few weeks, where you reported the transfer balances as of 30 June 2018. How did you go? We found it much easier than we had expected.
When do you need an acknowledgement of trust in an SMSF? Heide Robson will talk you through different scenarios re compliance with s52(2)(g) of the SIS Act.
Do you know what the TPB actually does, how it is structured and financed? We didn't. So we asked Ian Taylor, Chair of the TPB. Here is his answer.
The Story of Class is not just about Class. It is also a story about the SMSF industry and us. Kevin Bungard of Class will tell you how it all started.
The super reform is done and dusted, but some issues still raise their head. Daniel Mikhail of Partners Wealth Group will discuss those with you.
Div 7A debt forgiveness is less common than Div 7A loans and payments, but still important to get right. Peter Adams of Augmentors will discuss the details with you.
Div 7A payments can turn into an expensive exercise. Including transfer or provision of company assets. Peter Adams of Augmentor will tell you what this is all about.
You could summarise the basic concept of Div 7A loans in one sentence. But there is a lot more to it. As Peter Adams of Augmentors will tell you.
Most professional practices sell with an earnout arrangement. Patrick Huang of Argyle Lawyers will tell you how to treat these for tax purposes.
At the very start it sounds easy. You just go and buy what you need. But it isn't easy. Steven Fine of Growth Focus will walk you through the process.
Pension strategies post 1 July 2017 have changed. Daniel Mikhail of Partners Wealth Group will guide you through the different options.
It is worth looking over the fence for ideas. Here are Paul Baker and Zile Yu discussing innovation in the legal industry and at Meridian Lawyers.
Online SMSF auditing software is the way of the future. Manoj Abichandani of onlinesmsfaudit.com.au will tell you why and how.
Offshoring has a negative connotation. But it doesn't have to be this way. Mike O'Hagan of Mike's Business Tours will show you the options you have.
You probably will only ever sell your practice once. So no practice runs. Steven Fine of Growth Focus will show you the top 10 mistakes sellers make.
Buying or selling a business? Common pitfalls are not rocket science but easily overlooked. Patrick Huang of Argyle Lawyers will guide you around these.
How do data feeds actually work? Kevin Bungard and Tom Sargent of Class will give you a unique insight.
Personal insurance inside or outside of Super? Mistakes can cost dearly. Daniel Mikhail of Partners Wealth Group will guide you through the intricate details.
Legal documents cost time and money. How much depends on where we go. Let Manoj Abichandani of trustdeed.com.au share some thoughts with you.
If you want to sell your accounting practice, do you know how? Steven Fine of Growth Focus runs you through the process with valuable advice on the way.
Tax havens start talking to the ATO thanks to the new Common Reporting Standards. Ben Sewell of Sewell & Kettle provides a helpful overview.
"Improving the Small Business CGT Concessions" is the title of a new exposure draft. Patrick Huang of Argyle Lawyers will walk you through the details.
The R&D Tax Incentive can help companies to survive and prosper. But how? Kevin O'Hara of Techwitty will walk you through the details.
If you could change one thing about the Australian tax system, what would it be and how? Robert Deutsch of The Tax institute asked that question.
Is it debt or equity? Scott Treatt of Pitcher Partners will walk you through Div 974 that governs the classification of debt and equity.
The December 2017 Class SMSF Benchmark Report is a great read. Kevin Bungard of Class will share valuable insights with you.
The Panama Papers were the scandal the world had to have. In this episode Ben Sewell of Sewell & Kettle in Sydney tells us how it happened and what it meant.
Car parking can turn into a fringe benefit over time. Claire Thornett of WLF will tell you how, when and to what extent.
Estate planning is complex because it has so many moving parts: trust law, super law, tax law, family law. Ben Symons will walk you through the jungle.
How did BGL start? Where is it now? And where to from here? Ron Lesh of BGL will take you from the past to the future.
How do you set up shop in an offshore tax haven? Ben Sewell of Sewell & Kettle shows you what it takes and a few more things along the way.
Are we as tax advisers allowed to partially commute balances from pension back to accumulation? Here is David Moss of Merit Wealth on this issue.
Payroll exemptions and rebates are not harmonised across Australia. Here are Andrew Fricot and Ankur Dhar of Revenue NSW with the details.
Mortgage brokering is a $344b industry right in front of us in the supply chain. Here is Jonathan Preston of Home Loan Experts with more insights.
Meal entertainment is confusing. There are so many moving parts that it is easy to lose track. Claire Thornett of WLF in Hobart is here to take us out of this confusion.
The payroll tax grouping provisions play a huge role. Here are Andrew Fricot and Ankur Dhar of Revenue NSW with the ins and outs of grouping.
Can a TRIS converts to an ABP or does it need to stop and start? David Moss of Merit Wealth discusses the current status of this issue.
According to the ATO the sole purpose test is the most commonly breached rule. Manoj Abichandani of Online SMSF Auditor discusses the issue.
When working on the tax implications of a relationship breakdown, it helps to understand the legal side. Here is Angelina Torrisi giving you a helpful overview.
The super reform changed estate planning within the SMSF environment. Here is Chloe Ward of Intello giving you an overview.
CFDs are complicated. Jonathan Preston traded CFDs for quite a few years and will walk you through the ins and outs of CFD trading.
FBT can be complicated and confusing. Claire Thornett of WLF will give you a comprehensive overview of the FBT system in Australia.
Events based reporting experienced an impressive turnaround. In this episode Ron Lesh of BGL will tell you how this came about.
How does the US tax system affect the Australian spouse of a US citizen or Green card holder? Jane Bruno will give you the answer.
Payments to contractors can be subject to payroll tax if paid under a 'relevant contract'. Andrew Fricot and Ankur Dhar of Revenue NSW will tell you more.
From 1 July 2018 all SMSFs in retirement phase need to report certain events to the ATO. Chloe Ward of Intello gives you an overview.
How does an objection or appeal work? What other options do you have? King Tan of King & Wood Mallesons will give you an answer and much more.
As a US citizen or Greencard holder, the US will tax your worldwide income even while you live in Australia. Jane Bruno will give you the details.
We have all heard of Bywater, but what actually happened? How was it set up? And how did the ATO find out about it? Here is Robert Campbell with more.
How to manage a risk review or tax audit? King Tan of King & Wood Mallesons freely shares his knowledge and expertise with you here.
Something as fundamental as tax residency should result in a clear answer. But it doesn't. Too hard as Clint Harding of Arnold Block Leibler will argue.
Tax residency is the gateway to the Australian taxation system. Robert Campbell of McLeod Campbell will walk you the ground rules around residency.
King Tan of King & Wood Mallesons will walk you through the lifecycle of a tax dispute. All the way from pre-engagement to objections and appeals.
How to treat commercial debt forgiveness for tax purposes? Robert Campbell of McLeod Campbell will give you a helpful overview.
Do you offshore SMSF work or not? Chloe Ward of Intello will tell you how they turned staying in Australia into an advantage.
Most of Australia's payroll tax legislation is harmonised across Australia. Andrew Fricot and Ankur Dhar of Revenue NSW will show you.