TaxBanter Tax Workshop Hornsby- 2024

 Grouping for Aggregated Turnover Purposes      

A practical, case study-based examination of the applicable concepts and grouping rules for working out aggregated turnover, which is relevant to a number of tax concessions, including:

• The R&D tax incentive
• Small business concessions
• Primary producer concessions

All TaxBanter tax training qualifies as eligible CPE/CPD hours.

CPD/CPE: 2 hours
 

Employee/Independent Contractor Distinction Clarified    

A case study approach exploring the practical consequences of recent Court decisions clarifying the distinction between an employee and independent contractor. In this session, we’ll consider:

• What’s changed and what it means for many employees who are not on long term contracts.
• When a worker is an employee under the common law meaning of the term, but is deemed to be an employee.
• The ATO’s compliance approach to classifying workers as employees or independent contractors.
• The employer’s risk misclassifying the worker under the Superannuation Guarantee (administration) Act 1992.

All TaxBanter tax training qualifies as eligible CPE/CPD hours.

CPD/CPE: 2 hours
 

Rental Properties      

The ATO’s six data matching programs will provide the Commissioner with information about rental properties that is expected to lead to collection of extra tax to fill the $1.3 billion rental tax gap.

In this session, we’ll cover the key contributors to the rental tax gap, such as incorrect reporting of income and expenses including interest expenses, insurance premiums, claim payouts, repairs costs and capital works deductions. We will also review:

• The tax implications of refinancing, offset accounts and redraw facilities
• Deducibility of holding costs 
• Vacant land rules
• Capital works v capital allowances v repairs deductions
• Second hand assets — depreciation and how rules interact with CGT on sale
• When a property is available for rent and its relevance
• Travel expenses

All TaxBanter tax training qualifies as eligible CPE/CPD hours.

CPD/CPE: 2 hours
 

Estate planning - planning for a better tax outcome      

Asset protection (and tax) is foremost when considering strategies for accumulating and holding assets.

Planning for how those assets are to be transferred to the next generation requires consideration, not only of likely tax consequences, but also of strategies to guard against disputes.

This session will consider the tax implications of various estate planning strategies for dealing with:

• The family home / holiday house
• Superannuation interests
• Loans to family members
• Bequests of valuable assets
• Control of the family business

All TaxBanter tax training qualifies as eligible CPE/CPD hours.

CPD/CPE: 2 hours