Acccurium education
   <  Back to Accurium

Tax & Business Services – Intermediate Part I 1/4

16 Jun 2025 11:00AM – 1:00PM AEST
Tax concepts

$190.91 +GST

Audience

This training is recommended for:

  • Accountants working in public practice
  • All practitioners working with tax
Audience

Learning outcomes

On completion, participants will be able to:

  • Move beyond the fundamentals of compliance work
  • Take your team members to the next level
Learning outcomes

Relevancy

This webinar will be presented live 16/06/2025.

Relevancy

CPD hours

If claiming CPD hours, this course provides 2 Legislated CPD hours, the breakdown is as follows:

Tax (financial) advice: 2 CPD hours

CPD hours

This webinar is part of our Tax & Business Services – Intermediate Part I workshop series covering the issues most practitioners previously had to learn by experience or by making mistakes. Even experienced practitioners have found that this workshop brings them up to speed with the common problem areas in a range of issues frequently faced by clients.

Using a case study format, we help team members step up beyond the basics and manage the common but often tricky tax and business services compliance issues.

The case study structure of the workshop gives a ‘real life’ context to tax and business services and ensures that the logic of why particular things are completed in a particular way is not lost in theory.

It’s going to be an exhausting few sessions but well worth the effort. A full workbook – to use as a reference guide for back in the office – is included.

This workshop is best for those moving beyond the basics and building the complexity of the work they tackle, and those needing a refresher on current law. Essential for those who attended the Tax & Business Services Basic Workshop.

What we cover:

Division 7A

The Division 7A problems too many practitioners are still failing to recognise (and the horrible impact this has on clients!) and the massive changes that will make things even more complex.

  • Proposed new rules – to be or not to be?
  • Division 7A issues over time
    • How to achieve an efficient tax outcome
    • Why the short term ‘fix’ can cost your client big $ in the long run (and how to fix the fix)
  • Trusts – the dangers of loans to and from trusts
  • Unpaid distributions to companies:
    • 79% tax – preventing the worst case scenario
    • ATO’s recent guidance which applies from 1 July 2022
  • Managing loan agreements (what absolutely has to be covered)
  • Calculating distributable surplus
  • Getting the timing right

 

Personal Services Income

  • TR 2022/3 – What does the ATO’s recent guidance have to say?
  • Can you really identify personal services income?
    • Does a professional practice earn PSI?
    • The ATO guidance in PCG 2021/4 – when does this need to be considered?
  • Applying the tests
    • Why passing the results test or unrelated clients test is harder than you think
  • Why your clients might fail an ATO audit
    • Ensuring the working papers are up to scratch
  • Special rules for agents, including financial planners
  • What to do when your client is caught by the rules
    • The practical issues: PAYG withholding and completing tax return labels
    • Understanding the different rules for sole traders, companies, trusts and partnerships
  • Passing the PSI rules – is that a licence to income split?
    • High and low risk tax planning strategies

 

Employee vs Contractor

  • TR 2023/4 and PCG 2023/2 – the ATO’s new guidance on worker classification
  • What are the key factors that need to be considered in determining whether a worker is treated as an employee or a contractor?
    • What the courts are saying about this issue?
    • Why the contract is key
    • Strategies for reducing the risk
  • How far back can the ATO go to recover superannuation guarantee liabilities?
    • Can a company or trust be used to avoid SG obligations
  • Other problems that can arise when contractors are engaged
  • Changes to SG obligations from 1 July 2022 for employers

 

Trusts

  • The difference between accounting income, taxable income and distributable income explained
    • How to deal with the difference between them
  • Step-by-step guide on calculating how much tax the beneficiaries and trustee need to pay
  • The rulings that remain in draft and what this means
  • The step-by-step guide to making sure that trust distributions are effective
    • Where practitioners are still getting it wrong
  • How to read a trust deed
  • The ATO’s recent guidance regarding Section 100A and ‘normal commercial and family dealings’

 

CGT and the Main Residence Rules

Why they are not as easy as you think!

  • Making the most of the concessions that are available
  • Calculating the gain when the status of the property changes
  • Accessing the exemption – the step-by-step procedures
  • Moving beyond the basics
  • Using a home to produce income and why some clients are in for a shock
  • What happens if your client is a non-resident
  • The impact of making money through sharing platforms (e.g. Airbnb)
    • New rules from 1 July 2023 which increase the risk of review where the exemption is affected

 

Registration to this event includes:

  • 2 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
Rae Ni Corraidh Round

Presented by

Rae Ni Corraidh
Tax Adviser
Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.
Accurium-logo-PNG2.png
Sign up to newsletter
Facebook Twitter Linkedin
Copyright © 2023 Accurium Pty Limited. ABN 13 009 492 219