The video package consists of 8 popular sessions filmed at The Tax Institute's 2017 National Convention and brings topical issues, timely guidance and strong technical content delivered by experts directly to your office or boardroom.
Purchase single sessions or purchase the 8 video bundle and save 20%
$633.60 - Member $744.40 - Non-member
5 minute preview
SMSF Audit Risks – Tax vs SIS
Presented by Shirley Schaefer, BDO
The regulatory environment that SMSFs are required to comply with are complex. Advisers must consider the compliance and reporting requirements of SMSFs including the interaction between income tax and SIS Regulations, which although similar are often not the same.
This session will discuss those areas where two sets of rules can apply and the audit risks that SMSFs and their advisers must address, including practical examples.
SME Restructures: Are You Eligible to Use the Small Business Restructure Rollover?
Presented by Ian Snook, CTA, William Buck
This practical case-study based session will highlight the tricks and traps to consider when using the new small business restructure rollover. It will consider, to consider, including:
Any ATO views that have been issued and the implications these have in applying the rollover
The impact that the new provisions will have on the choice of structure.
The session will also consider when the small business restructure rollover should be used instead of the small business CGT concessions.
What are the specific powers you should consider when you review a client’s trust deed? What clauses are essential to achieving the desired tax, succession and commercial outcomes? What powers provide for maximum flexibility? Is the position different for unit trusts and discretionary trusts?
Through a series of case studies this presentation will discuss:
Essential and desirable trustee powers
How should the trust deed deal with capital gains, franked dividends and other income sources of income?
Unit trusts: Capital distributions vs unit redemptions – the trust deed issues
Discretionary trusts: Providing for certainty – Appointorship and effective governance
Top 10 “dos and don’ts” when distributing trust income and capital
Last year’s Federal Budget announced a range of measures that were designed to rein in the cost of the superannuation system to the public purse. Whatever the broad government policy, people using SMSFs remain determined to grow their asset base in a tax-effective way.
This session will consider the current environment and evaluate the effectiveness of SMSF wealth accumulation strategies in light of potential changes.
It will address:
The current status of Budget announcements
What SMSF strategies are still on the agenda
What is on the ATO’s SMSF agenda
The effectiveness of transferring foreign superannuation to Australia
From 1 July 2016, a new 10% non-final withholding tax applies to the disposal by relevant foreign residents of certain taxable Australian property. This session will provide an overview of the regime and will highlight the technical issues identified over the first several months of the operation of the regime, including:
Dealing with the $2 million threshold, including the impact of completion adjustments, GST and splitting titles
Practical issues in obtaining clearance certificates from the ATO
Dealing with sales by mortgagee in possession
Dealing with variations where there are multiple vendors
What happens when the vendor is a trustee?
Applying the “knowledge test”, the regime to leases, options and long-term/off the plan sales and to pre- CGT land
Private Business: What’s Attracting the Commissioner’s Attention?
Presented by Fiona Dillon, CTA, ATO and Fiona Knight, CTA, ATO
This session will focus on current technical issues impacting private business that are attracting the Commissioner’s attention, including issues relating to Div 7A, trusts and Part IVA.
It will be a practical session highlighting insights from recent ATO experience.
Transfer Pricing in Practice for Smaller Enterprises
Speaker: Chris Bowman, CTA, ConsultTPAustralia
While transfer pricing has been the key focus in the multinational tax debate, the application of transfer pricing to smaller enterprises has created significant compliance and technical issues that have largely gone under the radar.
This session will cover:
A summary of Australia’s transfer pricing and related documentation rules as they apply to SMEs – IDS to the document with penalty reduction in focus
What is the ATO’s simplified record keeping concession, where to find it, and how is it being applied in practice?
Dealing with self-assessment, transfer pricing audits, reviews and disputes arising from Subdivision 815.