433 | Dob-In Rules for Tax agents
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.
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432 | PSI Examples in PCG 2024/D2
There are many PSI examples in PCG 2024/D2, but all are pretty black and white.
431 | PSI in PCG 2024/D2
The four PSB tests no longer protect PSI from the PSI rules. Instead, PCG 2024/D2 drags Part IVA back onto the stage.
430 | Test Individual in a Family Trust Election
When you look at family trusts, everything rotates around the Test Individual. They are the stick in the sand.
429 | FTE Questions
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.
428 | NDIS Registration Part 2
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.
427 | NDIS Registration Part 1
Your NDIS registration can indirectly influence your GST exemption. Hence, this episode about the ins and outs of NDIS registrations.
426 | Charitable Sub-fund Arrangements
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.
425 | PAF v PuAF
PAF v PuAF – what is the difference between the two? Private ancillary fund v Public ancillary fund
424 | How to Structure a Charity
How to structure a charity – should you use an unincorporated or incorporated association or a company limited by guarantee?
423 | Identity Verification
Identity verification of clients is strongly recommended by the TPB, but not yet mandatory.
422 | Employee Share Option Plans (ESOP)
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.
421 | Employee Share Plans (ESP)
Employee Share Plans (ESP) give you shares without any strings attached. They are taxed upfront.
420 | PSI in TR 2022/3 – Steps 7 to 9
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.
419 | PSI in TR 2022/3 – Steps 5 and 6
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
418 | PSI in TR 2022/3 – Step 1 to 4
Let’s go through PSI in TR 2022/3 – Step 1 to 4. Once you put it into clear, simple steps, PSI is a lot less confusing. So in this episode we cover steps 1 to 4 and look closely at TR 2022/3.
417 | How Sky Accountants Grew to 5m
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.
416 | How AI Boosts Your SMSF Processing
The challenge is to know what your software is now capable of thanks to AI. Ron Lesh of BGL tells you more in this interview.
415 | How Staff Benefits Helped StriveX to Grow
In this episode Rachel Harris of StriveX in the UK will tell you how team culture contributed to their phenomenal growth.
414 | How Social Media Helped StriveX to Grow
How social media helped StriveX to grow and how they manage to get so many referrals.
413 | How StriveX Grew from 50k to 1m in 3.5 Years
StriveX grew from GBP 50k to GBP 1m in 3.5 years – here is how they did it.
412 | Pipeline Walkthrough with Prime Partners
Here is a pipeline walkthrough with Prime Partners in Sydney to show you what other accountants are doing.
411 | Amendment Period Changes
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.
410 | Foreign Trusts and Companies
In this episode, we cover six questions about foreign trusts and companies.
409 | Assessment of the Trustee
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?
408 | s99B Carve Outs
s99B Carve-outs are your way out. They protect you from s99B ITAA 1936.
407 | s99B ITAA 1936
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.
406 | UPE To Company: The Bendel Case
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.
405 | Hubspot for Accountants
Hubspot for accountants – does that really work? Can Hubspot give us what we as accountants and tax agents need to run our practice?
404 | CRMs for Accountants
CRMs for accountants – what should we as accountants and tax agents look for in a CRM?
403 | Div 6E Income
Div 6E income is relevant when your trust income includes capital gains and/or franked distributions. Then Div 6E will avoid double taxation.
402 | Trust Loss Allocation
Trust Loss Allocation – Upton v Brown sets the scene. And then Cajkusic and Raftland confirm Upton v. Brown but very much limit its application.
Update 35 | s100A Pain Points
There are many s100A pain points – let’s cover five in this update.
401 | Trust Loss Questions
Let’s go to the very start and look at trust income. Because we need to understand trust income before we can talk about trust losses.
400 | Foreign Trust Example
The theory around foreign trusts is confusing. So in this episode let’s use a New Zealand trust as a foreign trust example.
399 | Foreign Trusts
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.
398 | Asset Protection Trust
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.
397 | Asset Protection Layers
Asset protection layers can get pierced through. None is watertight. But the more layers you have, the more protected you are.
396 | Asset Protection Silos
Asset protection silos are to ringfence the assets of one business from the creditors of another.
395 | Transfer Pricing Examples
Here are five transfer pricing examples that cover common transfer pricing issues.
394 | TP Reasonably Arguable Position
A reasonably arguable position – a so-called ‘RAP’ – is essential to protect you from penalties and interest around transfer pricing.
393 | Electronic Signature Questions
Which state law applies when you have people in different states? Do the DINs change anything? How do you check that a client matches the ID provided? All electronic signature questions you ever wanted to know you find in this episode.
392 | Legislative Framework of Electronic Signatures
The legislative framework of electronic signatures is confusing – to say the least.
391 | Child Support Lump Sum Payments
Child support lump sum payments are often favoured by mothers and might improve the relationship between parents.
390 | Child Support Non Agency Payments
Child support non-agency payments are payments to third parties credited to a child support liability.
Update 34 | s100A B Blood and Guardian case
The two s100A B Blood and Guardian cases cover some very specific scenarios. And not common examples.
Update 33 | Updated s100A TR and PCG
Updated s100A TR and PCG – get the updated review of ATO’s approach to s100 issues. Avoid reimbursement arrangements.
389 | TR 98/4 Situations 4 and 5
TR 98/4 situations 4 and 5 are about non-arm’s length income and arrangements.
388 | TR 98/4 Child Maintenance Trust Arrangements
TR 98/4 is about child maintenance trust arrangements. It lists five scenarios where the CMT does not qualify for excepted income.
387 B | Child Maintenance Trust Income
Child maintenance trust income – this is the second part of our interview about the excepted income in child maintenance trusts.
387 A | CMT Excepted Income
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.
386 | System of Agreement
A system of agreement wraps around an electronic signature. A signature never exists alone floating in space.
385 | Simplified Transfer Pricing Record Keeping
You have seven options to qualify for the simplified transfer pricing record keeping as outlined in PCG 2017/2.
384 | Transfer Pricing
Transfer pricing is an issue whenever you deal with an associated entity overseas.
383 | Pipeline Walk Through with Taxopedia
This pipeline walk-through with Taxopedia will give you ideas and food for thought.
382 | Small Business Litigation Funding
Small business litigation funding sounds great but the devil is in the detail. There will be a substantial funding gap. Who pays that gap?
381 | Bitcoin is Not a Currency
Bitcoin is not a currency – at least that is what the AAT says in Seribu Pty Ltd v CoT in 2020.
380 | In the Black Accounting
‘In the Black accounting’ covers the final three concepts in the book ‘In the Black’.
379 | In the Black Production
‘In the Black Production’ covers the production concepts in the book ‘In the Black’.
378 | In the Black Marketing
‘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”.
377 | Nothing Happens Until There is a Sale
Nothing happens until there is a sale’. That is the first concept in Roger Knecht’s book ‘In the Black”.
376 | Non-Commercial Loss Provisions for Partnerships
The non-commercial loss provisions for partnerships use the same rules as for sole traders. But then there are a few additional rules.
375 | Late Payment of Super
Late payment of super has always been a problem but now with Single Touch Payroll, it has become a much bigger problem.
374 | Registered Share Capital
Registered share capital can be paid or unpaid. Does it matter which one it is?
373 | Child Support Subpoena
A child support subpoena issued by the child support agency or the court poses a risk for the paying parent.
372 | PSI in Child Support Assessments
PSI in child support assessments is tricky. Even when you pass the PSI rules and have a PSB, the agency can override this.
371 | 4P Framework
The 4P framework is a helpful tool to work out how to grow your accounting practice.
369 | Safe Harbour for Non-Commercial Business Losses
PCG 2022/D2 gives you a safe harbour for non-commercial business losses.
368 | Arguments for Offshore Direct Hire
In this solocast you will hear 17 arguments for offshore direct hire.
367 | Arguments for Offshore Labour-Hire
In this solocast, you will hear 17 arguments for offshore labour hire, e.g. using TOA.
366 | ASIC Deregistration of Insolvent Companies
ASIC deregistration of insolvent companies can be a deliberate strategy.
365 | When To Call It A Day
As your business struggles, when is it time to call it a day? Here is Ben Sewell with nine more questions to ask.
364 | When Your Business Can’t Pay Its Bills
What should you do when your business is struggling? There are 19 questions to ask.
363 Part 2 | Hire Offshore Staff
How to hire offshore staff – only 2 steps but there is a lot in there.
363 Part 1 | Find Offshore Staff
How to find your offshore staff – nine steps to find who you need. From advertising to shortlisting and interview.
Update 32 | Queensland Land Tax Changes
This one will affect anybody with at least one land holding in Queensland and at least one other holding anywhere else in Australia.
Update 31 | Class SMSF Benchmark Report August 2022
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.
362 | Disclaimer of Trust Income
A disclaimer of trust income used to be easy – not anymore as Andrew Henshaw of Velocity Legal in Melbourne will tell you.
361 | The Carter Case
The Carter Case changed everything. You can no longer disclaim a trust distribution for income tax purposes.
360 | Insights from an Offshore Accountant
What is it like to work in a labour hire agency in the Philippines? Get an insider view on moonlighting and staff poaching.
359 | Direct Offshore Team
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.
358 | Offshore Labour Hire
Offshore labour hire has become a very popular solution. Listen to three Australian accountants about their experiences.
357 | US – AU Tax Questions
When you structure across the US – AU border, you easily run into the following six questions.
356 | Expansion Into The US
When your clients plan an expansion into the US, they will most likely ask you how to structure this.
355 | US Public and Private Markets
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.
354 | Div 7A Loan Write – Off
Will a Div 7A Loan write-off trigger a deemed dividend under s109F ITAA36? That is the question.
353 | Distributable Surplus
Distributable surplus is one of five Div 7A quick fixes. If you have no distributable surplus, no deemed Div 7A dividend.
352 | Amendment Periods
Amendment periods determine how much time you have to fix a tax return.
351 | Point of Sale Systems
Point of Sale and inventory management go hand in hand, but the focus is different, depending on what came first.
350 | Inventory Management Systems
In this episode let’s talk with Tony Harcourt of Rype in Sydney about inventory management systems, especially Cin7, Dear and Unleash.
349 | US Retirement Plans in Australia
Holding a 401K as an Australian tax resident can cost you a lot of tax – but there are ways around it.
348 | CGT Moving Back To Australia
When you move from the US back to Australia, your tax position faces two big issues: CGT and your 401k.
347 | s100A Q & A
In this s100A Q & A session in our mini-series about s100A ITAA36 we go through all the outstanding questions you still had.
346 | Blue Zone Arrangements
Blue zone arrangements can be saved. With a few tweeks you can usually move back into the green zone.
345 | The Guardian Case
The Guardian case will give you a better defence when accused of a so-called ‘washing machine arrangement’.
344 | The Jamsek Case
The Jamsek case – together with the Personnel Contracting Case – changed everything as Sam Harvery will tell you.
343 | Employee or Contractor
Employee or contractor – Old problem. New Court Case. Two new court cases in fact that are changing everything.
342 | TPB Q & A
In this TPB Q & A we ask the TPB three important questions about branding, overseas staff and supervision.
341 | Resident Director
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.
335 | Taxation of Crypto
In this episode, Adam O’Grady, Assistant Commissioner of the ATO, will discuss the taxation of crypto with you.
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