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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

204

Published

February 4, 2025

Notes Online Home 2024 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 the 2024 income year?
  • Who’s in the ATO’s audit ‘firing line’ in the 2024 income year?
  • NTAA’s guide to making tax effective year-end trust distributions
  • Year-end planning for business taxpayers in 2024

Chapters and Articles in 2024 Tax Schools Day 2

A Detailed Look At The Changes To Business Tax Returns For The 2024 Income Year

Bonus Deduction For Business Expenditure In Relation To Energy Efficient Assets

Government Extends The Instant Asset Write-Off Concession For Certain Business Clients

NEW Ruling Uncovers Depreciation Nightmare For Businesses Buying Computer Equipment

NEW Ruling Confirms That Salaries May Need To Be Capitalised For Some Businesses

NEW Ruling Reveals PAYG, FBT And SGC Traps For Clients Engaging Contractors

Fundamentals Of Making Trust Distributions From A Discretionary Family Trust

Tax Effective Distributions To Individual Beneficiaries Of A Family Trust

Navigating The ATO's Attack On Family Trust Distributions

Managing The New Risks Posed By Trusts Making Distributions To A Bucket Company

Distributions From Foreign Trusts Under Attack From A Little-Known Provision

Traps And Tips With Making Distributions To Sporting Clubs, Churches And Charities

Summary Table Of Key Considerations When Making Tax Effective Trust Distributions

What Are The Danger Labels On Business Tax Returns In The 2024 Income Year?

ATO Escalates Its Attack On Taxpayers Operating In The Shadow Economy

Division 7A Set To Be Put Under The ATO's Audit Blowtorch In 2024

ATO Issues NEW Draft Guidance On Time Limits For Claiming Input Tax Credits

Key Planning In Preparation For The Proposed NEW $3 Million Superannuation Cap

Dealing With The SBE Eligibility Rules For Business Taxpayers

Advanced Tax Planning With Depreciation Claims For SBEs

Checklist Of The Key Year-End Tax Planning Strategies For SBEs

Case Study Highlights Massive Tax Savings For An SBE In The 2024 Income Year