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39th South Australian State Convention: A Fine Blend - Barossa Valley
Published on 05 May 2005 | Took place at Novotel Barossa Valley Resort, SA
Yet again the organising committee for the State Convention brought together some of South Australia's and Australia's finest tax speakers, led by Justice Graham Hill of the Federal Court.
Being held in a wine region, the topics included a tasty blend of current issues confronting tax practitioners.
Get a 20% discount when you buy all the items from this event.
Individual sessions
CGT small business concessions
Author(s):
Paul INGRAM
The CGT small business concessions have now been with us for over five years, but continue to be difficult to apply in practice. This paper examines the different concessions, with a particular focus on the following aspects: These issues are explained with the use of practical examples involving common business structures (including companies, partnerships and trusts).
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Structuring your practice
Author(s):
Ken SCHURGOTT
The ATO review of service trusts and introduction of Professional Standards Legislation and the Service Trusts ruling will have changed the landscape for your practice. This paper considers those changes and discusses various practice entity options, including:
This paper was originally presented on 5 May 2005 at the “39th South Australian Convention” held in the Barossa Valley. It also includes some minor updates made for presentation at the “What’s New in Structuring Professional Practices?” seminar held on 9 May 2006 in Adelaide.
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The value of tax effective investments for retirement income
Author(s):
Cameron RHODES
This paper provides an overview as to how a tax effective investment can:
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Contractor or employee: current tax issues for the payer
Author(s):
Grantley STEVENS
Many businesses use contractors to provide flexibility to reduce the tax responsibilities (including payroll tax, SGC and Workcover) which arise when a business is an employer. This paper provides an overview as to when those taxes may be payable irrespective of whether or not the person is a 'contractor' or 'an employee' and the consequences when the employer gets it wrong. The topics include:
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Your client wants to expand overseas - what do you do now?
Author(s):
Con TRAGAKIS
Over the last year there have been a number of significant changes to the international tax provisions. This paper is aimed at those who have an Australian base with clients overseas and wish to build on their knowledge of the tax changes. The paper includes a case study to demonstrate the practical issues. In particular, it focusses on:
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Tim Lebbon's Market value: a vital tax concept
Author(s):
Tim LEBBON
The income tax legislation regularly defers to a conception of market value in the determination of tax liabilities. At the same time there is no assistance under the legislation as to how market value is ascertained. This paper approaches the issue by reference to valuation principles with a view to providing guidance to taxpayers on how to safely self assess value, including:
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Stephen Heath's Market value: a vital tax concept presentation
Author(s):
Stephen HEATH
The income tax legislation regularly defers to a conception of market value in the determination of tax liabilities. At the same time there is no assistance under the legislation as to how market value is ascertained. This paper approaches the issue by reference to valuation principles with a view to providing guidance to taxpayers on how to safely self assess value, including:
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Licensing in agribusiness - the hidden traps
Author(s):
Garry WINTER
Consulting to primary producers involves more than advice on land, livestock and equipment transactions. With the use of case studies and examples, this paper details some of the practical problems involving intangible assets within the agribusiness industry, including the CGT, GST and stamp duty issues. It examines the topical issues of the purchase, transfer and sale of: The paper also provides insight into the treatment of the leasing of various primary production assets including licences and vineyards.
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Underlying tax problems in property development
Author(s):
Patrick C GALLAGHER
Capital gain is only half the battle. The other is taking into account other tax factors. This paper focusses on some of the practical problems of property transactions using case studies. Topics covered include:
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Choices in selling a business
Author(s):
Ian SNOOK
Advising on the purchase and sale of business is more difficult than we like to believe. This paper provides a practical guide to these issues by considering the advantages and disadvantages of the sale of the business assets, or the structure itself, by way of a comparative analysis. Topics covered include:
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Company and trust loans approaching 30 June 2005 - issues to consider
Author(s):
Terry LEWIS
Getting the terms of both debit and credit loan accounts wrong can have serious tax implications for your clients. This paper focusses on what you need to review before 30 June 2005, particularly:
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GST: some real issues
Author(s):
John W DE WIJN,
Jeff TYLER
There are many areas where the effect of the GST law on relatively common actions is unclear. This paper mainly focusses on two practical problem areas and suggests ways to approach and deal with the following uncertainties:
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Digging into property development
Author(s):
Patrick C GALLAGHER
Many clients are trying to cash in on the current property boom. Clients are knocking down their house and building two properties, subdividing farm land for residential purposes and acting as property developers. This paper looks at the following topics in the context of a small/medium property development:
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Part IVA and Division 165: where are we now?
Author(s):
Justice D Graham HILL
The Courts continue making decisions on Part IVA, sometimes greatly assisting us in our day to day tax advising practice and sometimes raising further issues for our consideration. Justice Graham Hill has made several important Part IVA decisions. His paper will give us greater insight into how the anti-avoidance provisions in income tax and GST operate when their use by the Commissioner is disputed. It includes:
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Super pensions for SMSFs: a tax revolution in the 21st century
Author(s):
Suzanne MACKENZIE
Superannuation pensions are here to stay offering a combination of tax and succession planning opportunities unrivalled by other wealth creation alternatives. This paper puts superannuation pensions in context and explores how they work in practice, in particular from a self managed superannuation fund perspective.
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