Advisers Digest Webinar Recordings

Training for practising accountants & financial advisers.

Tax Masterclass Recordings

BAS Advanced Masterclass (November 2021)

Instant Access (3 Hours of CPD)





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Winding up companies... Sounds simple enough as a topic. Sell the assets, pay the creditors, distribute remaining assets and dissolve the company.

However, there are many components that are often overlooked, particularly the taxation aspects associated with winding up companies.

We really need to understand these taxation aspects so as to avoid any potentially massive implications if done incorrectly.

This three-part masterclass will examine the taxation aspects of winding up companies, including recent legislative changes, rulings and court judgements pertaining to:

  • Legal nature of companies
  • The various phases and methods of winding up companies
  • Key income tax principles relevant to winding up companies and distributions to shareholders
  • Comprehensive overview of the capital gains tax principles relevant to winding up companies
  • Tax effective planning strategies for winding up companies limiting tax liability for
  • company and shareholders
  • Effect of recent court judgement pertaining to taxation aspects of winding up companies


Effective Salary Packaging

Instant Access (3 Hours of CPD)






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Getting the salary packaging options of employees right takes a lot of careful forethought and preparation.

This can become a headache for practising accountants, because it is up to people like us to ensure that the salary package that employees receive is compliant with FBT regime requirements and their regulations

This masterclass has been designed to provide accountants, payroll specialists and practitioners with an intensive update on the prevailing income and FBT regimes, and explains the requirements for effective salary packaging and salary packaging options.

Topics include:

  • Overview of fringe benefits and FBT exemptions that can be utilised for salary packaging purposes
  • Minimising the risks and maximising the benefits of salary packaging
  • How to use effective salary packaging to obtain exempt and concessional taxed fringe benefits
  • Analysis of the required documentation and substantiation for effective salary packaging

Employment Intensive 

Instant Access (3 Hours of CPD)










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Accountants are formally trained in accounting and tax. We are absolute experts in those areas.  But our clients want us to advise them on a myriad of business related matters and often this relates to payroll and employment.  Especially when it comes to structuring employment arrangements to minimise risk and on-costs such as workers comp, super, payroll tax etc.  Of course we want all employees to be contractors but the law doesn’t allow that.


This masterclass not only offers a comprehensive update of the prevailing law and regulatory requirements but also covers some planning strategies to minimise risk and costs.  You will develop a comprehensive overview of the registration, ongoing compliance requirements, prescribed forms and documentation, including hidden traps and planning tips around payroll.


Topics include:

  • PAYG withholding

  • Superannuation Guarantee

  • Payroll tax

  • Workers compensation

  • Fringe benefit tax and salary packaging

  • Analysis of the common law and legislative distinction between employees, deemed employees and independent contractors for purpose of PAYG, Superannuation, Payroll tax, workers compensation and FBT

  • Methods for calculating employer liabilities pertaining to PAYG, Superannuation, Payroll tax and workers compensation and FBT

  • Methods for calculation of the tax payable on payments received in consequence of termination of employment under each of the above instances.

  • Overview of the compliance requirements and obligations imposed on employers in the event that employment is terminated pursuant to resignation, dismissal, redundancy, incapacity and retirement

  • And much more 

GST & Real Property - Acquisitions, Sales & Leasing

Instant Access (3 Hours of CPD)







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The GST regime governing real property transactions continues to be fraught with complexity and uncertainty. 


This masterclass provides comprehensive coverage of the core GST compliance requirements pertaining to real property transactions, including relevant tips and traps to be aware of. 


Topics include:

  • GST registration requirements for parties engaging in real property transactions

  • Accounting for GST and BAS disclosure

  • The types of GST supplies constituted by real property transactions

  • Entitlement to GST credits

  • The application and effect of the margin scheme

  • GST-free going concern transactions

  • GST-free farmland

  • GST withholding regime applicable to the purchase and sale of new residential premises and residential land

  • Tips, traps and planning strategies relevant to GST on real property transactions



Tax Aspects Of Marital Separation & Divorce

Instant Access (3 Hours of CPD)





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As a practising accountant, you want to be able to provide your clients who are going through marital breakdowns with comprehensive advice and guidance to deal with their tax obligations that will need to be dealt with.


During these informative masterclass sessions you will receive comprehensive coverage of the core income tax, GST and FBT implications that arise in marriage breakdowns.

It covers:

  • The legal structure and nature of all marital unions as recognised under Australian taxation law
  • Overview of the legal requirements and process pertaining to marital breakups
  • Income tax implications relevant to divorce, including the treatment of maintenance support
  • The CGT effect of property settlements (including the effect of access to CGT exemptions, rollovers and other concessions


Distribution of Professional Firm Profits 

Instant Access (3 Hours of CPD)




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The incorporation of professional practices has, for some years now, been accepted by the Australian Taxation Office as appropriate for income tax purposes in certain instances.

 
This masterclass covers the specific requirements laid down by the ATO in this regard and also highlights the key tax implications arising from the incorporation of professional practices, including some tips, traps and planning opportunities associated with it.

It covers:

  • How to determine whether income is derived from personal services or business structure
  • Rules around the PSI test
  • What you need to know about the new PCG update
  • Applying the gateway conditions in PCG 2021/D2 to determine whether the guidelines can be applied


Small Business Entities - Tax Concessions 

Instant Access (3 Hours of CPD)

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Small businesses can access a range of concessions including payment and reporting options. This applies to sole traders, partnerships, companies or trusts, many of whom may include your clients.

To qualify for these concessions, the business must meet the criteria of a Small Business Entity.

However, the eligibility criteria is ever changing and you need to stay constantly updated so as to correctly advise your clients.

This masterclass provides a comprehensive program, covering the prevailing requirement and application of income tax, CGT, GST and FBT concessions for small business entities.


Fringe Benefits Tax (FBT) Essentials 

Instant Access (3 Hours of CPD)


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Over the last twelve months, the ATO have commenced significant FBT audit and review activity following the specific inclusion of FBT in its compliance focus.

Therefore, it is a particularly relevant time to thoroughly understand the current laws and recent changes to avoid any future implications.

This masterclass will provide an intensive update on the FBT laws, recent FBT changes and will comprehensively explain salary packaging and salary packaging options so you can better advise your clients and avoid any potential audits by the ATO. 



Taxation Aspects of Winding Up Trusts

Instant Access (3 Hours of CPD)




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The reasons for winding up trusts could be for various reasons, whether it be due to estate planning purposes, settling family disputes or mere convenience.

Regardless of the reason, the process of winding up trusts involves simply paying out all the assets. However, there are important considerations to be aware of, particularly the taxation aspects.

We really need to understand these taxation aspects so as to avoid any potentially massive implications if done incorrectly.

This masterclass will examine the taxation aspects of winding up trusts, including recent legislative changes, rulings and court judgements pertaining to the same. This masterclass will cover the following topics:

  • Legal nature of trusts
  • The various phases and methods of winding up trusts
  • Key income tax principles relevant to winding up trusts and distributions to beneficiaries of trusts
  • Comprehensive overview of the capital gains tax principles relevant to winding up trusts
  • Tax effective strategies for winding up trusts limiting tax liability for trustee and beneficiaries
  • Effect of recent court judgements pertaining to taxation aspects of winding up trusts


Taxation Aspects of Deceased Estates & Estate Planning

Instant Access (3 Hours of CPD)




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Everyone will eventually pass away. Most of them will leave assets. Most individuals dealing with a deceased estate will have little or no experience doing it. 

Primarily they will seek advice from a solicitor but in many instances they also need the input of an accountant. Most of us will rarely deal with deceased estates but we could all expect to have them as clients occasionally. 

There is also some great planning that can revolve around minimising taxes whilst maintaining control of deceased estates. 

This masterclass will examine the taxation of deceased estates, including recent legislative changes, rulings and court judgements pertaining to the same:

  • Legal nature of deceased estates

  • The various phases of existence for deceased estates

  • Key income tax principles relevant to deceased estates

  • Overview of the capital gains tax principles relevant to deceased estates

  • Tax treatment of minor beneficiaries of deceased estates

  • Moving assets around to and from deceased estates: Div 152 and other issues – tax position of related entities

  • Tax of superannuation death benefits

  • Business succession - tax issues in funding the transfer

  • Taxation of testamentary trusts - splitting and merging testamentary trusts


Trust Taxation Intensive Masterclass

Instant Access (3 Hours of CPD)




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Develop a comprehensive understanding of core requirements for effective establishment and operation of trusts without having to leave your (home) office...

Information

Trusts have become a viable and widely used vehicle as both an investment and a business vehicle, but the taxation regime governing trusts and trust distribution continue to be fraught with complexity and some elements of uncertainty with some significantly adverse consequences if taxpayers get it wrong. 

This masterclass provides comprehensive coverage of the core requirements for effective establishment and operation of trusts, including family trusts and also the tax advantages and disadvantages of family trusts. 

Specifically we will cover: 

  • Key requirements for a valid trust structure at law

  • Scope and effect of trust vesting and resettlements

  • Core aspects of the income tax and CGT framework governing trusts and trust distributions

  • The legal structure and nature of a family trust

  • The core requirements for establishment of a family trust

  • The key taxation pro's and cons of a family trust, including the scope and impact of family trust distributions tax

  • Tips, traps and planning strategies relevant to using trusts, including family trust

Superannuation Webinar Recordings

Bi-Annual SMSF Update Webinar (November 2021)
Instant Access (1 Hour of CPD)






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There have been a lot of changes to SMSFs and superannuation over the past 6 months.

A ruling on NALE was reached, which could impact the way in which you advise your clients about their SMSFs and their fund income. But are you up to date with what the ruling is? Do you know it's exact impacts?

My last SMSF Update primarily covered Budget-related announcements regarding SMSFs and superannuation. By now, legislation to enact many of those have been introduced into parliament.

Update your technical knowledge on all manner of SMSF and superannuation related topics and issues from the previous 6 months.

It will cover:

  • Coverage of all of the legislative changes that have occurred in the SMSF sector over the past 6 months (including the progress on all of the Budget’s announcements)
  • The final ruling on NALE (We will pay special attention to the new NALE ruling)
  • The possible way out for accountants who are not charging fees to their own funds
  • Coverage of relevant Private Rulings, ATO publications and more
  • And much much more…

This LIVE webinar is 100% online, with recording and slides available so that you can learn from anywhere at any time.


Partnership & Joint Ventures Webinar (September 2021)
Instant Access (1 Hour of CPD)





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When it comes to reporting and interpreting GST, there are still many areas that are fraught with confusion and misunderstanding. Where do specific items go into a BAS, and what is the specific basis for a disclosure?

These are questions that you as a practising accountant need to be prepared to answer, but the rules of GST, interpretations and guidelines are subject to continuous change.

This BAS advanced masterclass will provide you with the latest updates in BAS reporting and GST, and increase your competence in preparing BAS documentation to enable you to provide an advanced level of service to your clients.

We'll be covering

  • A refresher on GST fundamentals, including supplies and acquisitions and accounting for GST (cash or accruals method)
  • Timing rules for paying GST and claiming GST credits
  • When the usual timing rules don’t apply, including:
    • Progressive and periodic supplies
    • Deposits and part payments
    • Lay-by sales
    • Issue and redemption of vouchers
  • Margin scheme
  • Dealing with selected transactions, such as financial supplies and acquisitions, second-hand goods and barter transactions
  • Simplify accounting methods
  • GST and annual private apportionment
  • And much, much more...

Superannuation Death Benefits Masterclass (September 2021)
Instant Access (4 Hours of CPD)




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Superannuation Death Benefits. Not many of us think too much about them, but you should. Nearly every Court case involving SMSF is around the payment of Death Benefits when the money is to be paid to somebody that the deceased did not want it to be paid to. 

There is a lot of planning that needs to go into death benefits, and we need to understand all the legalities around it. 

With this masterclass course, you’ll receive an in depth explanation of the rules and legalities surrounding death benefits across three webinar sessions, followed by a one hour Q&A session. 


Specifically, we go through:  

  • The rules and legal side around death benefits
  • Insurances with superannuation
  • Taxation of death benefits 
  • Death benefit strategies to ensure you minimise death benefit taxes 
  • Relevant court cases and case studies 

Contributions & Strategies Masterclass (June 2021)
Instant Access (4 Hours of CPD)



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Our Contributions & Strategies Masterclass will equip you with the technical understanding to deal with SMSFs, how to maximise contributions and assist clients in getting the most out of their super strategies.

This masterclass will look first at all the types of contributions, then at the taxation of contributions and finally all the latest on contribution strategies.

Specifically, we go through:

✔️ CGT Rollovers
✔️ Types of Contributions
✔️ Bring Forward Rule
✔️ Taxation of Contributions
✔️ Division 293
✔️ CGT Rollovers
✔️ Types of Contributions
✔️ Small Business Retirement Exemption
✔️ First Home Super Saver Scheme


Pensions & Pension Strategies Masterclass (March 2021)
Instant Access (4 Hours of CPD)




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Pensions inside super have become a lot more complicated since 2017. It used to be very simple. All your money was in a pension but now can't all be in a pension. There are transfer balance accounts, T-bar reporting, etc. Get instant access to this masterclass to get a thorough understanding of all the details around pensions.


Specifically, we go through:

  • Imposed increase of the Transfer Balance Cap to $1.7million & how this will affect your clients, especially those currently in Pension Phase.
  • All the different types of pensions
  • When a pension starts and ceases
  • What to do if you fail to meet the minimum pension payment
  • Taxation of pension accounts after death
  • Transfer Balance Accounts and TBar reporting
  • Children’s pensions – taxation, Transfer balance issues, reporting
  • Pension Strategies
  • Use of Segregation
  • Tax Effective use of Pensions
  • Consolidations
  • Segregated or Unsegregated Assets

Tax Related Webinar Recordings

Tax Update Webinar - November 2021 

Instant Access (1 Hour of CPD)

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This Webinar provides a detailed coverage of the ESS Changes and much more. 

This webinar covers the below topics:

  • Draft Determination on ESS Genuine Disposal Restrictions

  • Draft Law on Proposed ESS Changes 

  • NSW Payroll Tax on Support Worker Aged Care Services Arrangement

  • And much, much more...


Tax Update Webinar - October 2021 

Instant Access (1 Hour of CPD)




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This webinar provides comprehensive coverage of key changes and developments to relevant legislation, court judgements and ATO rulings within the months of September/October.


Topics covered in this webinar cover changes to: 

  • New Job Keeper disclosure obligations
  • NSW payroll tax and payments made to medical practitioners
  • NSW payroll tax and employment agency contract provisions
  • GST margin scheme and nonmonetary consideration
  • ATO focus on undeclared foreign income
  • And much, much more...



Tax Update Webinar - September 2021 

Instant Access (1 Hour of CPD)



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This webinar provides comprehensive coverage of key changes and developments to relevant legislation, court judgements and ATO rulings within the months of August/September.


Topics covered in this webinar cover changes to: 

  • ATO guidance regarding travel expenses
  • ATO crackdown on Work Deductions
  • COVID-19 related changes (guidance on residency for impacted mobile employees, stimuluses, business grants etc.)
  • Draft law regarding the Employment Share Scheme (ESS)
  • And much, much more...

Other Webinar Recordings

Trust Tax Returns
Instant Access (1 Hour of CPD) - November 2021







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Trusts are a fairly common structure to recommend to clients. You might have recommended the structure to some of your clients, particularly for its use as a method of asset protection. 

However, trusts have a number of specific items and disclosures in their tax return that you as a practising accountant need to know and complete correctly. Getting it wrong can be a costly mistake to make for your clients. 

That’s why you should make sure to get it right by joining us in November for Completing A Tax Return: Trusts, presented by senior accountant Allyson Pannier.


We will be covering:

  • Where to and How to correctly report capital gains in a trust return
  • Disclosures for claiming of prior year losses and eligibility rules
  • Disclosures required for Unpaid Present Entitlement to private companies
  • What is meant by Income of the Trust Estate?
  • Distributions to Beneficiaries including:
    • Unallocated income and tax payable by the trustee
    • Calculation of distributions under the quantum and proportionate methods
    • Distribution minutes and resolutions 
  • And much more…
 

Company Tax Returns
Instant Access (1 Hour of CPD) - October 2021




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Companies are a common and generally simple structure for clients to operate from.

However, changes that have occurred in recent years have made the use of the company tax return structure more complex, and the completion of the tax returns more detailed.

This webinar will act as a refresher for accountants and practitioners in completing company tax returns as well as cover the new section of the tax return in the 2021 year.

The webinar will cover:

  • Corporate residency
  • Base Rate Entity Rules
  • Disclosure of capital gains
  • Eligibility for use of losses
  • Tax Loss Carry Back Offset (new in the 2021 tax return)
  • Division 7a loans
  • Payment of dividends
  • Franking account balance and franking rates
  • And much, much more.....

Special Disability Trusts
Instant Access (1 Hour of CPD)






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At Advisers Digest we have identified that there is no training around for accountants on the topic of special disability trusts. You may have clients with family members who are disabled, and you will need to know how to plan for the long term care and accommodation of these members. 

If your clients have family members that have severe disabilities, a special disability trust may be appropriate for the long term care and accommodation for the individual. 

This webinar is designed to give you a thorough basis on special Disability Trusts so that you will be in a better position to advise relevant clients. 

The webinar will cover:

  • What is a Special Disability Trust?
  • When can you use a Special Disability Trust?
  • What are the alternatives to a Special Disability Trust? (Superannuation Pension, Special Needs Trust)
  • How do you establish a Special Disability Trust?
  • Centrelink and taxation consequences of a Special Disability Trust
  • Plus an additional 1-hour Q&A session where I provide my technical response to all the questions asked during the live session. This will be delivered via a recorded video after the live session. 
  • And much, much more…

Partnership Tax Returns - Getting It Right 
Instant Access (1 Hour of CPD) - October 2021

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The tax return for a partnership includes certain disclosures and items that are specific to this structure. Additionally, certain income and deductions are treated differently in a Partnership than in other entities.

Presented by Senior Accountant, Allyson Pannier, this webinar will look at best practice in completing Partnership tax returns and disclosures and assist accountants and practitioners to complete returns efficiently and correctly. Items covered in this webinar include the treatment of: 

  • How to deal with changes to the partnership status in a tax return
  • Identifying where superannuation deductions should be reported
  • How to report capital gains in a partnership tax return
  • What tax deductions - including blackhole expenses - to disclose, and where to do so
  • Various methods of entering distributions
  • Distributions that differ from the partnership agreement

Advising Clients On Structures
Instant Access (1 Hour of CPD)

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In our Advising on Client Structures webinar  Allyson  looks at when the structures are useful and why you might choose to use them in certain situations. It will help you understand how to advise clients on structuring and which structures might help their client achieve their goals.

  • Higher level concepts with structuring and asset protection
  • What is the role of directors and shareholders when considering asset protection
  • How asset protection applies in trusts
  • When structures can't assist with protecting a client's wealth and assets 

Understanding Client Structures
Instant Access (1 Hour of CPD)





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As an accountant, it’s important you thoroughly understand client structures. However, client structures can seem confusing.

This online webinar runs through the key differences between the structure and the comparative benefits and opportunities they present.

You will learn specifically about the key differences between the structure and the comparative benefits and opportunities they present.

We will review:

  • Common structures

  • Their key elements and roles

  • The concept of control

  • Governing documents and legislation

  • Pros and Cons of each structure

  • Taxation of each structure