Tax Wrap podcast: Recent Episodes
Tax and Super Australia
Released on Thursdays, our podcast is a discussion about current issues in tax and super. Ask questions and have your say on issues discussed on the show via social media or email us at podcast@taxandsuperaustralia.com.au
IFPA Wrap 358 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 357 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 356 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 355 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 354 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 353 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 352 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 351 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 350 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 349 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 348 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 347 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 346 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 296 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 293 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 295 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 294 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 291 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 292 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 290 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 289 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 288 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 287 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 285 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 286 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 284 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 283 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 282 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 281 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 276 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 277 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 278 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 279 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 280 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 274 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 273 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 272 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 271 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 270 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 269 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 275 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 268 Dollars Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 267 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 266 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 265 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 264 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 263 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 260 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 262 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 261 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 259 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 258 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 257 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 256 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 255 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 254 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 253 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 248 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 252 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 245 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 251 Dollars & Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 247 Dollars Making Sense by The Institute of Financial Professionals Australia
IFPA Wrap 246 Dollars Making Sense by The Institute of Financial Professionals Australia
Tax Wrap 245 - Insights From Australia’s Independent Tax Watchdog Mixdown by Tax and Super Australia
Tax Wrap 244 | Tax On Coronavirus Stimulus Payments For Lower Income Earners by Tax and Super Australia
Tax Wrap speaks with author Tom Ravlic, who has trained a financial forensic eye over the modi operandi of pandemic era scammers. He highlights the various ways people can become victims and shares an overview of the ways to save you and your client financial pain.
Tax Wrap speaks to Sylvia Gallagher, Acting Assistant Commissioner, Engagement and Support, who touches on the support the ATO can give to businesses and practitioners, the path back to business-as-usual, and the role that tax agents will play now and into the future.
Tax Wrap speaks with superannuation and SMSF expert Gabriela Rusu about three important pieces of superannuation legislation that have just become law. These bills will allow for up to six members under one SMSF, extends the bring forward rule for non-concessional contributions, and establishes the Your Future, Your Super regime.
Tax Wrap speaks with Tax & Super Australia's tax technical expert Nicole Wilson-Rogers about the tips and traps for taxpayers while navigating claims for the deduction of self-education expenses.
Tax Wrap speaks with Jemima Joseph, an Investment Communications Strategist with over 14 years of experience in the investment management industry and a chartered financial analyst. Jemima reveals the tips and tricks for effective client communications, and also looks at how to have those "difficult" conversations with clients.
Tax Wrap gets all the good news, and otherwise, on the 2021-22 Federal Budget from Tax & Super Australia's tax technical guru Neville Birthisel.
Tax Wrap revisits Tax & Super Australia's in-house CGT guru Kirk Wilson to find out all the ins and outs, the dos and don't dos, of the concessions available for capital gains when a property is inherited.
Tax Wrap speaks with academic and author Tom Ravlic about what to look for when choosing a financial or tax adviser, and from a practitioner's perspective, what prospective clients will need to know before they can have a comfortable level of assurance.
To support business through the pandemic, the Federal Government introduced a range of measures to help, such as the cranking up of the instant asset write-off, the Backing Business Investment measurte, and the full expensing of assets. While the news seems to be all good, Tax & Super's tax technical expert Frank Drenth says there are certain conditions and stipulations to look put for.
Tax Wrap once again gets Tax & Super Australia's CGT maven Kirk Wilson on the line to go over the CGT consequences of forgiving a debt. There are also traps and exceptions to watch out for.
Tax & Super Australia's Tax Counsel John Jeffreys is once again a guest on ABC Radio Adelaide. He addresses the consequences of the non-payment of the superannuation guarantee by employers, and the options open to taxpayers once these non-payments are discovered.
Tax & Super Australia's Tax Counsel John Jeffreys is once again a guest on ABC Radio Adelaide. He discusses the consequences of the non-payment of the superannuation guarantee, and what can be done when such non-payments are discovered.
Tax Wrap speaks with Tax & Super Australia's in-house CGT expert Kirk Wilson about the CGT rule s 118-192 (the "first-used to produce assessable income" rule), the possible knock-on effects and traps to watch for.
Sylvia Gallagher is an Assistant Commissioner at the ATO with responsibility for Tax Time support services for individual taxpayers as well as the Tax Practitioner Lodgment Program and agent support services. She speaks with Tax Wrap about the challenges of the 2020 year, and the ongoing support practitioners can rely on.
Steve Burnham speaks to author Tom Ravlic about his new book Rorts and rip-offs, which has been tagged as the guide to protect your money from fraud, phishing and scams. After the Hayne Royal Commission, Tom penned Vulture City - How out bankers got rich on swindles, and this time trains his forensic eye on the business models of scammers.
Tax & Super Australia's tax counsel John Jeffreys speaks with ABC Radio Adelaide's Sonya Feldhoff about the new personal tax rates announced with the Federal Budget — when we will see them, what the outcome will be on everyone's bottom line, and who might miss out.
Tax Wrap speaks with Tax & Super’s tax technical expert Neville Birthisel about JobKeeper. Neville explains the essentials of the scheme, what has remained the same since its inception, what has changed, and the nuances that have crept up along the way.
Tax Wrap speaks with Tax & Super Australia's tax counsel John Jeffreys about some intriguing business aspects of the Federal Budget, including full expensing write offs, the loss carry-back, the increase in turnover threshold, FBT changes and CGT & granny flats.
Tax & Super Australia's Tax Counsel John Jeffreys speaks to ABC Radio Adelaide's Sonya Feldhoff about the new versions of JobKeeper and JobSeeker that start from 28 September.
Tax Wrap speaks with Tracey Dunn, Associate Director, Tax Services, at RSM Australia in Perth, about some of the risks in JobKeeper that practitioners may not have even thought of.
Tax Wrap speaks with Dr Mark Pizzacalla from BDO about how the Small Business Restructure Rollover concession works.
The professional standards expected to ensure the auditing of SMSFs is above board — that is, compliant — has just had several further requirements added to the mix. Assured Super’s Sharif Eldebs spells out what trustees, and SMSF practitioners, need to keep an eye on.
With an economic statement due next week, and as yet no firm ideas of the future of the JobKeeper scheme beyond its scheduled expiry in September, Tax Wrap spoke to practitioners who have had direct, and varied, experiences with their clients working with JobKeeper so far.
On 1 July 2020, GST turns 20 years old. Tax & Super Australia takes a look back over the 20 years that GST has been law and delves into some of the issues that most frequently confront the ATO and the business community with the ATO's Deputy Commissioner, small business and GST product, Deborah Jenkins.
Tax Wrap speaks to the facilitator of our monthly tax discussion groups in Melbourne, Senior Lawyer in the KPMG Tax Controversy Team, Joshua Goldsmith, about the ‘mood in the room’ — the top points members are keen to talk about, the key issues they are grappling with, and how to ensure the optimum solutions when coming out of the current COVID-19 cloud.
Tax & Super's Tax Counsel John Jeffreys speaks about the ATO announcement of late lodgment penalty remissions, the JobKeeper extension on reporting, systemic problems with Cash Flow boost payments, the instant asset write-off looming deadline, and super early release mistakes.
Turnover doubts see some employers not taking up JobKeeper, but they can change their minds (it's not too late). Where do agencies stand, and what about that cash flow boost?
Tax Counsel John Jeffreys explains on ABC radio Adelaide that employers can now report on JobKeeper — to give the required qualifying details to the ATO to get the JobKeeper payment happening.
Joihn Jeffreys, Tax & Super Australia's Tax Counsel, is on ABC Adelaide radio's Afternoons program, and explains some important updates to the JobKeeper scheme. These include alternative decline in turnover tests, the luxury car limit to the new instant asset write-off, a change for working full-time students, and details of sole trader applications.
Tax & Super Australia's Tax Counsel John Jeffreys appears on ABC radio to delve further into the intricacies of the JobKeeper package. He also answers callers' questions.
Tax & Super Australia’s Tax Counsel John Jeffreys was again interviewed on ABC Adelaide’s Afternoons program, hosted by Sonya Feldhoff, with a lot more details about the government’s JobKeeper scheme.
Tax & Super Australia's Tax Counsel John Jeffreys interviewed on ABC Adelaide's Afternoons program, hosted by Sonya Feldhoff, about the government's JobKeeper scheme.
Tax Wrap speaks to Sarah Foggie, senior accountant at Melbourne firm Finnegan Partners, about her client interactions, their concerns and the ramifications of working through this time of coronavirus.
Tax Wrap taps into the expertise of "Canberra correspondent" and tax guru Ken Mansell to get a clearer picture of the implications of the government's economic response package to the COVID-19 crisis.
Tax Wrap 209 | $10,000 cash payment limit, Coronavirus and tax by Tax and Super Australia
TSA’s Tax Counsel John Jeffreys runs over the sorts of details practitioners will need from their clients to be in the best position for the end of the FBT year. Getting these ducks in a row will not only help your clients but perhaps earn you more fees. We even provide a pro-forma letter for you to send to clients.
Partner at VT Advisory, Bill Mavropoulos, discusses how dividends are used to satisfy the minimum repayment requirements for s109N loans. Complying with Division 7A is becoming more and more complex, so understanding the mechanics of meeting the requirements is becoming inreasingly important. 6/2/20
Senior Tax Counsel John Jeffreys speaks about court decisions that will have outcomes regarding, among other things, small business CGT concessions, the deductibility of goodwill lump sums, and some finer details of trust distributions (and also a PCG on super contribution timing)
Ken Mansell talks with Tax Wrap about the future for work-related expense claims, and how substantiation has become essential.
Tax Wrap speaks with Ken Mansell on how the proposal to deny the main residence CGT exemption to non-residents has huge tax outcomes.
Tax Wrap taps into the insights afforded TSA's Tax Counsel John Jeffreys, who has a chair at the table of the ATO's Tax Practitioner Stewardship Group and its Tax Practitioner Digital Implementation Group
Tax Wrap chats with Simon Dorevich of A&A Tax Legal Consulting about three measures that seek to address housing affordability; the annual vacancy fee for foreign owners, the absentee owner surcharge that applies in certain states, and Victoria's vacant residential land tax.
Tax Wrap's special guest is tax lawyer Josh Goldsmith, who hosts many of TSA's tax discussion groups. Josh talks about the topics and issues that are generating a lot of interest from tax practitioners.
Tax Wrap speaks with Bill Mavropoulos, partner at VT Advisory, about whether we're in tin foil hat territory or not (regarding DPNs including GST, cash transaction limits, and e-invoicing)
Tax Wrap talks to a TSA tax technical operative who went back to the coalface about recent and current concerns that have emerged with clients this tax time.
Tax Wrap speaks with the ATO’s Assistant Commissioner for the SMSF Segment, Dana Fleming, about the top issues facing the sector right now, and the challenges facing both trustees and the SMSF regulator in the foreseeable future.
Tax & Super Australia's Tax Counsel John Jeffreys relates how recent helpline queries from members were resolved with regard to double tax agreements, the affect on capital gains outcomes from strata titling, and the helpful rollover concession of the suite of small business CGT concessions that are available.
Tax Wrap runs over the key changes and new measures that the ATO is keen that practitioners remember when dealing with their clients' tax returns for Tax Time 2019.
Answers to members helpline calls, including written down value deductions for rental capital works, residence 6 year absence rule for CGT, forgiven debt and carry forward losses on investment property, the company tax rate used on trust distributions.
Gabriela Rusu speaks to Tax Wrap about death benefits and beneficiaries - the traps to watch out for, the strategies that can avoid those traps, and tips to achieve an optimum result.
With each FBT year's passing, various tweaks and tinkerings need to be taken into account. Tax Wrap attempts to clarify the year ahead with A&A Tax Legal Consulting's Simon Dorevitch.
Tax Wrap speaks with the ATO's Assistant Commissioner, Black Economy Program, Peter Holt, about actions being taken to tackle the black economy, the noticeable trends being uncovered by these actions, and what the future holds.
Tax Wrap speaks to the ATO's STP program lead John Shepherd, Assistant Commissioner, Single Touch Payroll, about the progress made so far introducing the STP initiative to Australian businesses, and the way forward from July this year.
Tax Wrap is pleased to have once again in the studio Simon Dorevitch of A&A Tax Legal Consulting to talk about all the considerations that need to be taken when clients arrive in Australia.
Tax & Super Australia's Tax Counsel, John Jeffreys, delves into the details of the Federal Budget that practitioners will need to absorb.
Tax Wrap speaks to the ATO’s Deputy Commissioner, Intermediaries, Andrew Watson, who has responsibility for the transition from the Tax Agent and BAS Agent portals to the ATO's new Online services for agents platform.
Tax Wrap speaks with Simon Dorevitch from A&A Tax Legal Consulting about the positives (and the pitfalls) of one's residency status, and a recent court outcome that may change the landscape going forward
Tax Wrap calls Canberra, and gets Ken Mansell's informed insights into the ALP's policies regarding imputation credits, negative gearing (and reducing the CGT discount) and a 30% tax on discretionary trust distributions.
Tax Wrap takes time to go over the tax issues when shares that have been held for the benefit of grandkids are transferred to the intended beneficiaries, and also considers what's involved when the humble granny flat triggers a CGT event.
Tax Wrap eases into the new year by taking a more basic look at what is Division 7A, as well as running over what the "tax gap" is.
We meet Nathan Yii, principal of Nathan Yii Lawyers, and the new presenter for upcoming CPD events. We also present the final WTF for 2018.
We look back at some of the topics that sparked the most interest from listeners, including private company loans and Division 7A, FBT in relation to vehicles, and the implications of commercial debt forgiveness.
The Board of Taxation is conducting a review into Australia's residency tests, with Tax & Super making a few of its own recommendations to fix a broken system.
Hot helpline topics: Solar panels and tax, GST and going concerns, New corporate tax rate. Bonus: Wacky tax fact.
Tax Wrap speaks with Simon Dorevitch from A&A Tax Legal Consulting about the proposed, but not quite legislated, R&D tax incentive.
Tax Wrap chats to the principal of Anise Consulting, Heather Smith, about the very real, and very efficient, business intelligence tools and cloud-based software and apps that can thoroughly evolve your tax and SMSF practice.
Tax Wrap chats with the ATO's Assistant Commissioner, Agent Engagement & Assurance, Tim Roach, on the agency's activities and approaches to the tax practitioner community.
Tax Wrap introduces Joshua Goldsmith from Deloitte, who is to host a new Breakfast Tax Discussion Group, and the hot Helpline topics are dissected and explained.
Tax Wrap looks at the top 5 tax time mistakes, increasing tax practitioner registration fees, vehicle FBT exemption guidelines, and updated treatments for bitcoin.
Tax Wrap talks to Ken Mansell about the "real" company tax rates, and what opportunities the "fluid" state of corporate rates means for imputation as well as other tax outcomes for businesses.
Special guest Simon Dorevitch from A&A Tax Legal Consulting dissects the new ruling issed by the ATO on determining the tax residency of corporates.
The team run through the tax topics that have been keeping the helpline running hot, and look at the wacky tax fact relating to debt forgiveness.
The team run through the tax topics that have been keeping the helpline running hot, and look at the wacky tax fact relating to debt forgiveness.
Tax Wrap talks with the Chair of the Tax Practitioners Board Mr Ian Taylor about the Code of Professional Conduct and related areas of compliance that every tax practitioner needs to know.
The team look at the Tax Time guidance documents the ATO has provided, questions from members that have been keeping the Helpline service running hot, and the more wacky elements of the 18-year-old GST.
The team visit the ins and outs of personal services income, look at the intricacies of taxing partnership income, and this episode's WTF discovers the now redundant window tax.
The team discuss the requirement for SMSFs to report both pension balances and accumulation balances on the TBAR, when withholding kicks in (plus working holiday makers), and the Duchess of Sussex's tax situation.
The team run over the 2018 Federal Budget, picking out the highlights (and the lowlights), as well as providing insights into some more intriguing aspects of the budget.
The team discuss GST and LVGs/digital, Some hot helpline topics, a GIC increase, The legislative process, A new segment, 'WTF'
Simon Dorevitch of A&A Tax Legal Consulting discusses updates to FBT for cars, Senior Tax Counsel Peter Adams talks about the definition of a "fringe benefit", and ATO Assistant Commissioner John Shepherd runs over the finer details of Single Touch Payroll.
An extended talk about Dividend access shares, Professional development, Helpline corner (main residence exemption for non-residents, SME CGT concessions), substantiation exemption for travel allowances.
The team look at the PAYG Instalments system in light of a recently released IGT review, and look at the recommendations to come out of that review.
The team discuss the main residence exemption for CGT, especially in the light of the number of member helpline calls made over the exemption.
The team discuss the main residence exemption, especially in regard to the number of helpline calls made by members over this issue.
The team run over all the details of the recently introduced First home super saver scheme, plus the Downsizer contributions scheme.
The team go over the rules around trading stock, the valuation methods available, and the concession given to small businesses.
The team take a look at the tax applied to termination payments, including genuine redundancies, and the relevant caps and tax-free limits applied.
The team run over the recently introduced changes to residential investment property deductions, and look at the foreign owner vacancy fee
The team are joined by Dr Mark Pizzacalla from BDO Australia and the Board of Taxation to talk about the implications of (and looming changes to) Division 7A.
The team are joined by the Board of Taxation's Dr Mark Pizzacalla to clarify the more obscure areas taxpayers often encounter with regard to the small business CGT concessions.
The team talk about what sort of deduction claims keep getting the attention of the ATO.
The team discuss how clients may need to be steered towards the D15 section of the supplementary tax return if they are keen to make a claim that does not fit neatly into the other deduction items.
Team are joined by Dr Mark Pizzacalla to discuss the company tax rate reduction and the definition of when a company 'carries on a business'.
Special guest Dr Mark Pizzacalla from the Board of Taxation discusses how the new Small Business Restructure Rollover concession works.
Simon Dorevitch joins the team to discuss the eligibility conditions to access the small business CGT concessions.
Peter Adams runs over several tips and tricks, and under-utilised nuances, of entertainment expenses.
The team discuss the plan to change the way intangible assets are depreciated to bring their tax life in line with the economic life of the asset.
The team review the CGT main residence exemption, and how the six-year rule operates when home owners are not physically living at their main residence.
When selling a CGT asset such as a property, the cost base must be calculated. But this can consist of more than the original purchase price. The team discuss the five elements of the cost base of an asset for capital gains calculations.
The team run over two housing-related pieces of legislation that have recently been tabled - one reducing deductions available to landlords, an impost levied on vacant properties owned by non-residents, and measures that tie in with super contributions.
The team consider if the tip you leave on the cafe table for your helpful waiter is assessable income, and also where it may figure for the business owner as consideration for supply for GST purposes.
In anticipation of both the AFL and NRL Grand Finals, the team look at the special rules and conditions enjoyed by professional sportspeople playing across all the football codes.
We are joined by SMSF specialist Gabriela Rusu who guides us over the pitfalls, and the positives, of the recent changes to the transition to retirement income stream regime.
The team say happy birthday to the CGT regime, and track what has been achieved over its 32 years in the Australian tax landscape.
The team, with special guest Simon Dorevitch from A&A Tax Legal Consulting, pick apart what is meant by "permanent establishment" in regard to foreign corporate entities.
The team look at the ongoing efforts to update and modernise the various business registers that practitioners regularly access.
The team discuss the new Simplified BAS regime, which launched July 1 this year and has passed the first lodgment hurdle.
The team look at the Federal Opposition's proposal to tax trusts like companies, and the implications for affected taxpayers.
The team discuss the way foreign tax treaties work, and recent changes to CGT for non-residents.
The team runs over the representative presence Tax & Super Australia has on behalf of its members, and how members can help these efforts.
The team discuss the latest ATO systems outage which occurred this week, right on Tax Time, and include the industry-wide frustration in a submission to the IGT.
The team run over our presentation to the House of Representatives Standing Committee on Tax and Revenue.
Peter Adams runs over the individual tax return disclosure points that the ATO is paying close attention to this Tax Time.
The team take a timely look at some of the more common mistakes the ATO has found can creep into tax returns, and can delay an assessment.
The team rummage through recent state budgets to uncover changes to legislation that could affect your land-holding and payroll tax paying clients in certain states.
The team look over the red flags and sensitive touchpoints that are sure to get the taxman's attention.
The team discuss the soon-to-apply disallowance of travel cost claims for rental property owners, plus the wind-up of plant and equipment depreciation.
The team cast an eye over the Inspector-General of Taxation's recently issued report into the state of employer obligations and tax compliance.
The team look at not only the impending increase in penalty units, but the fines and penalties regime employed by the ATO.
The team talk about the state of the "black" economy, and what is being done to fix it, including measures just announced in the Federal Budget.
The team, joined by special guest Peter Adams, pull apart the Budget to uncover all the relevant details for tax practitioners and their clients
The team examine the likely tax outcomes when transferring super held in an overseas scheme.
The team run over some of the more telling trends to come from the latest ATO release of taxation statistics.
The team discuss the deductibility of travel costs when taxpayers travel to see their tax agent.
The team discuss the deductibility of travel costs when taxpayers travel to see their tax agent.
The team meet a real live backpacker, who shares his experiences (and some warnings) about working holiday visas.
The team run over a keynote speech recently made by the Taxation Commissioner Chris Jordan.
The team talk about the ATO's latest campaign, focusing on Perth and Canberra, to tackle the cash economy.
The team run over the changes and adjustments you will need to know for the looming FBT return season.
The team run over the areas that will be under the scrutiny of the Inspector-General of Taxation
The team share coping strategies on the latest ATO systems outage, and what is being done to fix the mess.
The team run over just a few of the ideas contained in the TSA submission for the Federal Budget
The team take a look at the draft guidelines the ATO has just issued regarding imminent reforms to the superannuation system.
The team discuss the recent portal outages and other government-wide tech fails, and what is being done to fix them.
The team look back at a year that promised much, delivered less, but ended near hopeful.
The team summarise what we know so far about legislation already passed regarding super (there's a fourth 'tranche' next February) and a quick re-visit to the revised backpacker tax.
The team examine a recent Treasury discussion paper which seems to be targeting a work deduction presently accessed by hundreds of thousands of taxpayers.
The team talk about the ATO's changing approach to tax debt, and how taxpayers (and practitioners on behalf of their clients) can best deal with the realities of owing money to the government.
The team examine the ramifications of cloud-based business solutions in regard to a recent TPB guidance paper on the related issues.
The team run over the private rulings process, and discuss how rulings can minimise the risk of an unanticipated tax outcome or ‘test-drive’ a tax arrangement.
The team discuss one of the issues frequently raised by members — the tax treatment of work related travel expenses — and the ATO's efforts to improve its guidance and approach.
The team are joined by Board of Taxation member Dr Mark Pizzacalla, who discusses the small business restructure rollover concession, and his part in its creation.
The team are joined by Catherine Clarisse from Victoria's State Revenue Office to dissect the nexus provisions with regard to the payroll tax obligations of employers.
The team are joined by Board of Taxation member Dr Mark Pizzacalla to discuss the Board’s latest activities and ongoing aims.
The team look at what expenses and costs are deductible when working from home, and what guidance (and allowances) the ATO has provided.
The team examine an exposure draft of the first tranche of super reforms that was released last week, but find that it mainly deals with the legislation's low hanging fruit.
The team discuss the trends and long-term outlook for tax practitioners that was uncovered at the recent Xerocon in Brisbane.
The team share that in the rush before tax return deadline, don’t waste time claiming for tax deductions that just won't wash with the taxman.
The team are hopeful that the 45th parliament will deliver the tax and super legislation they've all been hoping for.
The team look at the digital landscape ahead for tax practitioners, which is looking a lot more promising now that the ATO and software developers are co-operating.
The team muse over the failed ABS website on census night, and draw comparisons with the experiences of tax practitioners.
The team review a High Court case regarding the 2000 Sydney Olympics and an athlete's assessable income.
The team unearth a hidden gem in tax legislation that opens up the $20,000 instant asset write off to many more taxpayers.
The team talk about the tax ramifications for Uber, Airbnb and similar "sharing economy" services.
The team outline cyber security tips you can pass on to your clients to help them avoid scams at this busy time for tax.
The team relay interesting facts and figures from a recent Tax Practitioners Board (TPB) consultative forum.
The team are joined by small business specialist Debra Anderson as they review her upcoming book ‘Taking care of Small Business’. http://www.andersontax.com.au/
The team review the best course of action in regard to election-driven legislative uncertainty.
The team divulge key points to watch for this tax time and look at new forms issued by the ATO.
The team deal with the contention that MPs could be double-dipping on expense claims, and tease out the actual ruling concerned.
The team outline new guidance issued by the ATO on how businesses can treat their website expenses.
The team discuss what practitioners can best do for their clients’ tax planning in the face in the current legislative limbo.
The team have a look at superannuation and potential changes that may be introduced in the 2016/17 federal budget
The team review the ATO's improved contractor vs employee tool and discuss its usability and reliability
The team dissect Treasurer Scott Morrison's idea of giving the states the power to tax income.
The team discuss the ramifications of the government's idea to cut the company tax rate.
The team review four new decision tools from the ATO that aim to provide guidance for tax professionals and taxpayers alike.
The team discuss how the landscape for tax practitioners is changing rapidly and outline trends to watch for, and strategies to survive.
The team share their top 5 favourite tax rulings and give reasons as to why they should be every tax practitioner's favourite as well.
The team dissect the proposals, and the problems, on reforming the negative gearing regime.
The team look at a number of taxation measures that should be easily implemented into the current legislation.
The team and slect members met with the Deputy Small Business Commissioner, and report back on the way ahead for the tax landscape
The team discuss tennis players and earnings; no matter who gets the ball over the line, the tax man is probably going to be on the sidelines.
The team discusses the latest Tax Office focus on property, with its ramped-up data matching regime set to reveal the tax outcomes of millions of real property transactions.
The team discuss how successive governments have sourced tax revenue in various ways, with bracket creep remaining the quiet stalker in the income tax landscape.
Steve Burnham and tax specialists Lisa Greig, Andy Nguyen and Letty Tsoi review the PM’s innovation statement, look back at the tax landscape of 2015, and compose a letter to Santa full of wishes for the year ahead.
Steve Burnham and tax specialists Lisa Greig and Letty Tsoi discuss how spreading the goodwill of the season can be done, and identify ways in which the spirit of giving can be tax deductible.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen show you how to keep a work-related car expense logbook within the ATO's rulings and guidelines.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen discuss Inspector-General of Taxation Ali Noroozi's role in helping everyday taxpayers, and where you can go if you need help.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen discuss how tax rulings old and new affect the disruptive space.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen dissect tax reform speeches made yesterday by Malcolm Turnbull and Scott Morrison to find out where changes are likely to come from.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen chat to Darren Roxburgh of Applied Education about simple ways to achieve RTA accreditation.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen chat to Mark Pizzacalla, BDO Partner and a member on the Board of Taxation, on all things small business and tax.
Nathan Hewitt and tax specialists Lisa Greig and Letty Tsoi explain how you distinguish employees from contractors based on their tax classification, and how to stay compliant whichever type of staff you choose.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen discuss the Tax Office's announcement it will look at Uber driver income data to make sure the ridesharing operators pay their GST dues.
Nathan Hewitt and tax specialists Andy Nguyen and Lisa Greig are joined by the ATO's Joyce Correnza to answer questions about the regulator's next steps in the tax compliance space.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen discuss the potential for tax reform in the next 12 months given the recent change in government. Produced by Nathan Hewitt.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen talk about the Tax Office's newest assault against pheonix operators, and explain how you can spot a dodgy business before it's too late.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen debunk the myths behind cloud computing. Find out if your practice could benefit from using the cloud, and if there's any reason to be skittish.
Nathan Hewitt and tax specialists Andy Nguyen and Lisa Greig discuss the Tax Office's new wave of data matching programs, and whether they're good for the taxpaying community.
Nathan Hewitt and tax specialists Lisa Greig and Letty Tsoi talk about the latest tax time scams affecting taxpayers, and how you can protect yourself from shucksters who’ll say anything to get your money.
Nathan Hewitt and tax specialists Andy Nguyen and Lisa Greig are joined by Karen and Cameron from Accountancy Insurance to discuss the benefits of good audit and professional indemnity insurance.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen discuss Uber's upcoming stoush with the Tax Office, and the tax status of new-age contractors.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen discuss the tax laws we'll likely see enacted when parliament resumes next week.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen highlight the kinds of rental property expense claims the Tax Office is looking at for the 2015 tax season.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen discuss one of the more confusing budget measures – the 5% tax discount, who’s eligible for it, and who’s not. Produced by Nathan Hewitt.
Nathan Hewitt and tax specialists Andy Nguyen and Lisa Greig dissect treasurer Joe Hockey's latest tax reform speech, analysing his key principles and plans for the future.
Nathan Hewitt and tax specialists Lisa Greig and Andy Nguyen discuss the Tax Office's focus on professional practices and income distribution - including what you need to do to avoid an audit.
Nathan Hewitt and tax specialists Letty Tsoi and Andy Nguyen discuss the latest updates from the Tax Office's Building Confidence initiative - among them, guidance on 'overly high' expense claims. Produced by Nathan Hewitt.
Nathan Hewitt and tax specialists Letty Tsoi and Lisa Greig update you on the latest movements from the Tax Practitioners Board, including a new ad campaign coming to radio and TV. Produced by Nathan Hewitt.
Nathan Hewitt and tax specialists Andy Nguyen, Letty Tsoi and Lisa Greig discuss the latest bills before Parliament. At this stage, small businesses and primary producers are due for the biggest changes. Produced by Nathan Hewitt.
Nathan Hewitt and tax specialists Andy Nguyen, Letty Tsoi and Lisa Greig talk the latest developments from the forefront of the industry: The Tax Office's Open Forum, the future of the tax profession, and more.
Nathan Hewitt, with tax specialists Andy Nguyen, Letty Tsoi and superannuation specialist Reece Agland, discusses our submission to the government recommending reform that will help everyday taxpayers. Produced by Nathan Hewitt.
Nathan Hewitt, with tax specialists Andy Nguyen and Lisa Greig, take listeners through the five most important areas of year-end tax planning. Listen in, and learn the tips and strategies to pay the right amount of tax and no more.
Nathan Hewitt, with tax specialists Andy Nguyen and Lisa Greig, take listeners through Hockey's latest small business golden egg. But there are myths to be disproven and traps to be aware of. Produced by Nathan Hewitt.
The team unpacks the planned changes for pensioners, especially those with lots of assets.
The team breaks down the changes to FBT posed in this year's budget, including those for charity and not-for-profit workers.
The team explains how government will go about making Australians living abroad, and foreigners living in Australia, pay their fair share of tax.
The team talks the changes to GST proposed in the budget, including the implications for Netflix users.
The team dissects everything contained in the budget regarding the small business sector.
In this special edition episode, Lisa Greig, Andy Nguyen, Letty Tsoi, Reece Agland and Nathan Hewitt take you step-by-step through the measures of the budget that mean most to you. Find out who the big winners and losers are. Produced by Nathan Hewitt.
Nathan Hewitt, with tax specialists Letty Tsoi, Andy Nguyen and Lisa Greig, explain the requirements all trustees must satisfy to ensure resolution and streaming compliance before the June 30 deadline. Produced by Nathan Hewitt.
Nathan Hewitt, with tax specialists Letty Tsoi, Andy Nguyen and Lisa Greig, talk the latest disruptive technologies and the many tax implications they create — many of which have not yet been addressed by the Tax Office. Produced by Nathan Hewitt.
Nathan Hewitt, with tax specialists Letty, Andy and Lisa, discuss Employee Share Schemes (ESS) and unpack the recent changes making it vital to small businesses starting out. Produced by Nathan Hewitt.
In this special edition the team caution high wealth individuals on the Tax Office's plan to look into their tax affairs en masse.
Nathan Hewitt, with tax specialists Andy Nguyen, Letty Tsoi and Lisa Greig, discuss everything we know so far about next month's federal budget - including new tax implications for the notorious streaming service, Netflix.
With Andy Nguyen, Letty Tsoi and Nathan Hewitt. This week, the team talks the CGT main residence exemption and its many points of eligibility, with a specific focus on deceased estates. Produced by Nathan Hewitt.
Nathan Hewitt with tax specialists Andy Nguyen and Angela Lehmann break apart federal government’s new Re:think tax discussion paper. They’ll go through the changes and implications posed for individuals and small businesses. Produced by Nathan Hewitt.
With Andy Nguyen, Letty Tsoi, and Nathan Hewitt. This week, the team goes through Single Touch Payroll, including the uncertainties and possible avenues for improvement. Produced by Nathan Hewitt.
With Andy Nguyen and Nathan Hewitt. This week, the team talks the Tax Office’s new compliance outreach initiative, 'Building Confidence'. They'll go through the potential positives and pitfalls of the annual compliance program as it grows into its facelift. Produced by Nathan Hewitt.
With Angela Lehmann and Nathan Hewitt. This week, a slightly smaller team goes through FBT and novated leasing. Produced by Nathan Hewitt.
With Andy Nguyen and Reece Agland. This week, the team breaks down the intergenerational report released yesterday, with a specific focus of the hinted at changes to superannuation taxation.
Produced by Nathan Hewitt.
This week, the team is joined by Christian Febrraro, president of the Deakin University Commerce Society. HECS and accounting practice are the focus topics. Produced by Nathan Hewitt.
With Letty Tsoi, Andy Nguyen, and Nathan Hewitt. This week, the team talks Tony Abbott's taxation agenda. Andy sheds some light on negative gearing too. Produced by Nathan Hewitt.
With Angela Lehmann, Bill Mavropoulos, and Nathan Hewitt. This week, the team breaks down small business CGT concessions in response to a question from a Twitter follower. Produced by Nathan Hewitt.
With Angela Lehmann, Bill Mavropoulos, and Nathan Hewitt. This week, the team takes a step back to cover FBT (Fringe Benefits Tax). Learn some of the tips and traps you'll need to survive this FBT season. Produced by Nathan Hewitt.
With Letty Tsoi, Bill Mavropoulos, and Nathan Hewitt. This week the team dissects the Board of Taxation's newly released income tax recommendations for SMEs. Produced by Nathan Hewitt.
With Angela Lehmann, Bill Mavropoulos, and Nathan Hewitt. This week, the team break down two confusing tax concepts — personal services income, and small business CGT concessions. Produced by Nathan Hewitt.
With Letty Tsoi, Bill Mavropoulos, Andy Nguyen, and Nathan Hewitt. This week the team talks YouTube vloggers and income averaging protocols, as well as Div 7A revelations and the introduction of the Single Touch Payroll system.
Produced by Nathan Hewitt.
With Angela Lehmann, Bill Mavropoulos, and Nathan Hewitt. This week, the team talks proposed reforms to the GST Act. Tony Abbott's evasiveness in respect of changes to GST is a hot topic as well.
Produced by Nathan Hewitt.
With Angela Lehmann, Bill Mavropoulos, Letty Tsoi, Andy Nguyen, and Nathan Hewitt. This week, the team talks the High Court's most recent ruling on GST, and the tax oddities that would make for a merry Christmas.
Produced by Nathan Hewitt.
With Angela Lehmann, Letty Tsoi, Bill Mavropoulos, and Nathan Hewitt.
This week the panel is joined by Mark Chapman, Head of Tax at Taxpayers Australia. Mark recently attended a National Tax Liaison Group meeting. Bill, Letty and Ange also field a question from a listener on PSI.
Produced by Nathan Hewitt.
With Angela Lehmann, Letty Tsoi, Andy Nguyen. This week the panel is joined by George Psarrakos, Tax Director at Crowe Horwath. Project DO IT and foreign property investments are the focus topics.
With Angela Lehmann, Bill Mavropoulos, Reece Agland, and Nathan Hewitt.
Produced by Nathan Hewitt.
With Bill Mavropoulos, Angela Lehmann, Letty Tsoi, and Nathan Hewitt.
Produced by Nathan Hewitt.
With Bill Mavropoulos, Angela Lehmann, Andy Nguyen, and Nathan Hewitt. Let us know what you think!
Produced by Nathan Hewitt.