Profile

CPD

Purchases

Services

Notes Online

Welcome to Notes Online. 

We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.

Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

212

Published

November 13, 2023

Notes Online Home 2023 Tax Schools Day 2

This publication, as a whole, is available in HARDCOPY only.

 

These seminar notes cover the following topics:

  • What’s new for business in 2023?
  • Who’s in the ATO’s audit ‘firing line’ in the 2023 year?
  • ATO releases final guidance attacking family trust distributions
  • Taxation of professional clients
  • Year-end planning for business clients in 2023

Chapters and Articles in 2023 Tax Schools Day 2

ATO releases final guidance attacking family trust distributions

Background to applying S.100A

ATO releases its finalised S.100A compliance guidelines in PCG 2022/2

Trust distributions to the ‘controllers’ of a discretionary trust (e.g., ‘Mum and Dad’)

Trust distributions to adult children and grandparents

Issues with gifts, education costs and board

Which bucket company distributions are now in danger?

LATEST guidelines for identifying ‘high risk’ family trusts

NTAA ‘game plan’ to navigate your clients through the S.100A compliance guidelines

Taxation of professional clients

Correctly classifying professional services income for tax purposes

Traps and tips associated with professionals who are subject to the PSI rules

Dangers and opportunities where professional clients carry on a personal services business

NEW ATO guidelines on professional services income derived from a ‘business structure’

Common questions and answers associated with professional clients

What's new for business in the 2023 income year

Government introduces NEW 20% training and technology boosts

Decision confirms GST traps for taxpayers selling subdivided land held for long periods

Government proposal gives relief for some accountants running their own SMSF

NEW ATO Ruling confirms tax issues with distributions of capital gains to non-residents

New Ruling creates uncertainty for clients engaging contractors/consultants

Court highlights CGT traps associated with partners leaving professional firms

Who's in the ATO's audit firing line in 2023

What are the danger labels on business tax returns for the 2023 income year?

Recent audit developments with respect to GST and the margin scheme

Recent amendments extend the ATO’s power when auditing business clients

Year-end planning for business clients in 2023

Determining whether a business is eligible for the SBE concessions

Advanced tax planning with depreciation claims for SBE taxpayers

Last chance for companies to carry back losses and claim refundable tax offset in 2023

Checklist of the key year-end tax planning strategies for SBE clients for the 2023 year

Case study highlights massive tax savings for an SBE taxpayer in the 2023 income year