Amendment Period Changes

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.

Hubspot for Accountants

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.

s100A pain points

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.

asset protection trust

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.