Tax Talks

Here is an unfair contract case study to show you how the unfair contract term provisions work.

The unfair contract term provisions might help you to get out of an unfair contract.

Do the PSI rules apply to you? The answer can cost or save you tax.

The history of PSI is a long road through court and ATO rulings as well as the Ralph Review until we finally got some legislation.

What changed on 1 July 2021? No rock the boat changes but still important to know. Here are 11 changes to look out for.

The CGT treatment of pre-CGT shares and company assets keeps causing confusion, so here is a handy overview.

When you structure a farming business, there are many factors to consider. Asset protection, flexible timing of distribution, income tax, capital gains tax. Tara Cuddihy of PWC will share some great insights with you in this episode.

Andrew Hunzicker of Dope CFO will discuss with you how we as accountants can assist this emerging or already booming industry - emerging or booming depending on which state and country you look at.

The Australian cannabis industry is highly regulated but an emerging market with huge opportunities.

Farm succession is all about avoiding surprises. And you do that by dealing with it during your lifetime.

In December 2020 Treasury issued a discussion paper labelled “Education and Training expense deductions for individuals”.

The cost of paying less tax is about opportunity cost. What do you miss out on when you focus too hard on saving tax?

This year's budget is about stimulating growth in a post-COVID world. It is not about systematic change, but there are still some changes you need to know about. Andrew Henshaw of Velocity Legal will discuss these with you in this episode.

The sale of professional services firms often include a vendor finance arrangements, but beware the fineprint.

Xero and Shopify come with inventory management software - a simple one, but one nevertheless. How far can they take you? In this episode Jeri Wambeek of WAO Connect will walk you through the different levels and set ups of inventory management software.

How do you structure a hobby farm in the most tax effective way? Here is Andrew Henshaw of Velocity Legal with more.

The timing of the declaration of trust over the LRBA property is crucial. Here is Geoff Stein of BWS Laywers with more.

In episode 287, we discussed intellectual property as such. In this episode Melissa McGrath of Coleman Greig Lawyers in Sydney will talk about the taxation of IP.

Intellectual property is a right. It is only property as such to the extent you have a right to it. Here is Melissa McGrath with more.

How to you expand into New Zealand? What GST and income tax implications does this have? Here is Mike Reddy of NZTax.com.au.

What happens to your tax position when you expand overseas? This is what Clint Harding of Arnold Bloch Leibler in Sydney will discuss with you in this episode.

Investing in overseas shares through a company can result in withholding tax leakage as Clint Harding of Arnold Block Leibler will tell you.

How do you do an accounting podcast? Dan Osborne and Tim Garth of 'The Two Drunk Accountants' tell you in this episode.

In some ways CATS Accountants is just a normal practice with a turnover of $1m. But in other ways they are quite unique and unusual.

You probably have clients who pay or receive child support and hence ask you for advice. Simon Bacon of Manby & Scott is a family law lawyer specialising in child support arrangements, so perfect to ask how child support works, how it is calculated and paid and how you can or can’t influence the amount.

How do you treat the US stimulus cheques in Australian tax returns? Seth Hertz of US Expat Tax in Sydney will give you the answer.

Property development within an SMSF can be done but is fraught with danger as Bryce Figot of DBA Lawyers will tell you.

Is it always true that losses need an FTE? Let's talk about when an FTE makes sense and when it doesn't.

In this episode Paul Mackenroth of Cleary Hoare in Brisbane goes through ten of your testamentary trust questions.

Finally, the last episode for 2020 - the Top 10 Podcasts for Australian Accountants 2021.

There has been a significant testamentary trust law change affecting how distributions to minors are taxed. Paul Mackenroth of Cleary Hoare in Brisbane will discuss with you what this exactly means.

Will going AWOL save you money? What happens when your company keeps trading but ignores all ASIC and tax debts?

Tax software doesn't get much limelight. But in this episode with Alan Fitzgerald it will.

Director penalty notices - in short DPN - are the ATO's tax collection tool of last resort to get what they are owed - by going straight for a director's personal assets. Damien Lehmann of Andreyev Lawyers will tell you more.

If you look at the work done in your practice, chances are trusts - especially discretionary trusts - take up a disproportionate amount of time. So let’s talk with Angelique Faes of Class Trust about trust reporting, the pain points and how Class Trust is trying to alleviate those pain points.

Does size matter? Does it matter whether capital is paid in or not? And who is responsible for substantiating the claim of capital profits reserves and capital losses carryforward? These are just some of the questions Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss with you.

What is the difference between company constitutions and shareholder agreements? Should you just have one or do you need both? Why do you need a constitution in the first place? These are just some of the many questions Damien Lehmann of Andreyev Lawyers in Sydney will discuss with you in this episode.

In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss 3 ways to save land tax.

How do you tell whether somebody is an intern or employee? Where does an intern stop and employee start? In this episode James True of LegalVision in Sydney will discuss the details with you.

In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss ways with you to reduce stamp duty.

Any company can do a share buyback. The question is just whether it should. Here is Emily Pritchard of ACIS with more.

If you have an offset account and use the equity in your home for investment purposes, you should be able to claim a tax deduction. Right? Don't worry if you answered Yes. We did as well. Until this interview with Geoff Stein of Brown Wright Stein Lawyers in Sydney.

Is your home-based business CGT safe? Or will you be hit with a huge tax bill when you sell your family home? Andrew Henshaw of Velocity Legal will show you that running your business from home doesn’t necessarily jeopardise your CGT main residence exemption. 

In this episode Emily Pritchard of ACIS  walks you through 9 common issues around trust deeds.

This is urgent. Act before 31 December 2020 to avoid foreign trust status by default for discretionary trusts holding residential property in NSW.

Qualifying for the 15 year exemption depends on you passing the 'in connection with your retirement' hurdle. As Andrew Henshaw of Velocity Legal in Sydney will tell you in this episode.

Here are the 10 most important tax concessions announced on budget night 6 October 2020.

Declaring a dividend happens in 5 steps. Here is Paul Mackenroth of Cleary Hoare to walk you through the five steps.

s109T is an issue when the recipient of a Div 7A loan isn't a shareholder but minimum yearly repayments are financed via a dividend.

The Full Federal Court has overturned the Federal Court's Eichmann Decision. Here is Andrew Henshaw of Velocity Legal in Melbourne with more.

To offset a dividend with Div 7A loan repayments, the key issue is timing as Robyn Jacobson of The Tax Institute will tell you in this episode.