Knowledge Shop PD February 2024

Join us online for this special member only event - everything you need to keep up to date and ahead of the game in 3 hours.

Key Tax Developments
Super & Retirement: 2024 The Year Ahead
Are Electric Cars Still Causing Sparks?
2024 Practice In Focus

For this online event, four team members from member firms can attend for free - places are limited. Paid extras are allowed, please email cpd@knowledgeshop.com.au if you would like to register additional staff.

Dates & details

Wednesday, 7 February 2024

Time
2:00pm - 5:15pm AEDT (NSW, VIC, ACT, TAS)
1:30pm SA
1:00pm QLD
12:30pm NT
11:00am WA

Agenda

2:00pm - 2:45pm	Key Tax Developments
2:45pm - 2:50pm	Break
2:50pm - 3:35pm	Super & Retirement: 2024 The Year Ahead
3:35pm - 3:40 pm	Break
3:40pm - 4:25pm	Are Electric Cars Still Causing Sparks?
4:25pm - 4:30pm	Break
4:30pm - 5:15pm	2024 Practice in Focus

Knowledge Shop PD is recorded and available after the sessions from the PD archive – so no need to register unless you would like to attend the live sessions.

*Timing subject to change

What we cover

Key Tax Developments

Super & Retirement: 2024 The Year Ahead

Are Electric Cars Still Causing Sparks?

2024 Practice In Focus

We work through some of the latest tax developments that will impact on your client base:

Financial advice fees – deductible or not? We look at the ATO's new determination on whether individuals can claim a deduction for financial advice fees. Because this is an issue that can impact on a range of clients, we will work through what has and hasn't changed from the ATO's previous guidance in this area.

GST treatment on property sales - We explore the recent AAT decisions dealing with the tax and GST treatment of property sales. The decisions have left some practitioners confused, so we walk you through the key issues and explain what can make the difference to the tax outcome.

What came out of the mini-budget? We take a quick look at some of the tax-related measures announced in the Federal Government's recent mini-Budget - proposed changes to the foreign resident capital gains withholding rules and the treatment of GIC and SIC amounts can impact on a number of clients.

With Michael Carruthers
Tax Director, Knowledge Shop

There is always a lot of noise in superannuation, retirement and advice; legislative change, policy initiatives, interpretations. This session delivers a definitive position on where previous reforms landed and what will be of importance to your clients in 2024.

Amongst that are the likely inflation led changes to the contribution caps and the transfer balance cap for FY 2025. We’ll flag the planning issues of importance.

Plus, we’ll wrap up with some of the common problem areas we are seeing on the member help desk – always a great insight into the pain points at the coal face of compliance and advice.

With Jason Hurst
Technical Superannuation Adviser, Knowledge Shop

In this timely update we explore the most pertinent issues as we approach the end of the FBT year.

Electric cars are hot right now and the lure of the FBT exemption for employers is already causing a stir. We walk you through the most common questions that arise when clients seek to apply this exemption and the issues that can lead to an unexpected and unfavourable FBT outcome.

We also look at the recent changes to the FBT record keeping rules that allow employers to rely on alternative records to finalise their FBT returns effective from the 2025 FBT year onwards and what this means for clients in practice.

Plus, a ‘refresher’ on some key FBT issues to help you navigate the end of the FBT year.

With Rae Ni Corraidh
Tax Adviser, Knowledge Shop

Practice Management specialist Greg Hayes joins us for this special session to set your firm’s priorities for 2024.

As the year gets underway, it easy to get into the trap of doing the urgent as a priority over the important, and sometimes the important is overlooked.

This session focuses on your highest priority – your strategic direction and how that dictates the way you should manage your practice. We will also touch on some of the common risks practices face in 2024.

With Greg Hayes
Director, Hayes Knight

Michael Carruthers

Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop in Sydney and is head of the Diverger group’s national tax committee.

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.

Greg Hayes

Director, Hayes Knight

CCH Australia describe Greg as a “serial entrepreneur.” An apt title for the founder of the Hayes Knight group, Knowledge Shop, and Merit Wealth. He is a practice management specialist, innovator, and published author who mentors and assists firms to grow and develop their potential. An accountant for over 30 years, Greg has built a successful Australasian accounting group from modest beginnings in the outer suburbs of Sydney. A popular presenter, Greg has ‘been there and done that.’ There are no untested theories or marketing hype – just practical, realistic principles that are at the core of top quartile firms across Australia.

Beyond his practice management knowledge, Greg is a business valuation specialist. These two skills sets are a powerful combination when applied to the business of accounting. He regularly values accounting practices and has developed valuation models for the profession that look through to the core of how a successful accounting firm functions and what it should deliver.

Beyond his valuation work, Greg assists clients with both buy side and sell side transactions, from providing specific advice to acting as the client adviser from start to finish of a transaction. His experience is across a diverse range of industries and sectors on transactions ranging from $2m to $80m.

Rae Ni Corraidh

Tax Adviser, Knowledge Shop

Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios. She has a genuine passion for helping practitioners find a solution to the tax problems that their clients face (and sometimes unwittingly cause).

She understands the challenges faced by practitioners and brings a wealth of practical experience to Knowledge Shop workshops and webinars to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.

Rae holds a Masters in Commerce specialising in tax and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.

Jason Hurst

Technical Superannuation Adviser

Jason is an experienced commentator, presenter and writer on superannuation and retirement. He specialises in breaking down complex technical concepts for professional advisors and their clients.

He has over 20 years’ experience in the wealth and retirement sectors, working with accountants and advisers to build their technical skills in superannuation, retirement, Insurance, social security and age care, and enjoys helping to provide the tools to articulate these concepts in a simple and easy to follow way to clients.

Jason also works with the Financial Planning Association (FPA) as a subject matter expert for the CFP 5 program and a technical student mentor to those undertaking the CFP courses.

He has a Bachelor of Economics from the University of Newcastle, is a SMSF Specialist Advisor and holds the Certified Financial Planner (CFP) designation.