TaxBanter Aug 2024 Online Special topic: Application of Part IVA in the SME Space.

Our monthly Special Topic presentations are practical, yet detailed analyses of specific areas of tax law or practice.

Our Online Special Topic sessions, meant to accompany our Tax Updates, are an in-depth look at topical matters frequently encountered by tax professionals.

Each month we carefully select these topics based on current happenings in the industry and government. Each session is supplemented by a comprehensive technical paper and relevant case studies for maximum understanding.

Price

Individual - $210
Team - $630 (up to 6 team members)

If you wish to purchase a team registration, please create an account and login.

Date & Details

Wednesday, 7 August 2024

Time
11:00am - 12:30pm AEST (NSW, VIC, QLD,ACT, TAS)
10:30am (SA & NT)
9:00am WA

What we cover

Application of Part IVA in the SME space

Part IVA, as amended in 2013 to remedy weaknesses that had been revealed by a number of significant Court decisions, now requires the Part IVA analysis to start with the question of whether a person participated in a scheme for the sole or dominant purpose of enabling the taxpayer to obtain a tax benefit.

An inquiry focussing on whether there were ‘other ways (e.g. more convenient, or commercial, or frugal ways) in which the taxpayer might have achieved the substance and effect that it achieved from, or in connection with the scheme’ may make it easier for the Commissioner to identify a tax benefit, especially in the SME market.

This session examines the changes to Part IVA and considers how the changes have affected the operation of Part IVA and its application to SMEs

Tiffany Douglas

Senior Tax Trainer, TaxBanter

Tiffany has over 25 years experience in the tax profession undertaking roles within accounting firms (including the Big 4), corporates (including multinationals) and tax education/advocacy. Over this time, she has managed client portfolios, in-house tax functions and has also worked as both a tax technical writer and workshop/seminar presenter.

Tiffany’s outside interests include travelling, reading and keeping fit.