Local Tax Club - Perth

28 February 2024 | 7:30 AM - 9:00 AM | 1.5 CPD hours

Speaker: Yikai Hoe, CTA, Provident Lawyers

Tax Update presenter: Tracey Dunn, EY

A trust is a fiduciary relationship and the trustees of a trust have fiduciary duties to the beneficiaries of a trust.  In this session we will delve into the practical tips and traps for trustees and their advisors in the administration of trusts. 

The focus of this session is on the intersection between current tax issues and trustees’ fiduciary obligations in the context of discretionary trusts and SMSFs.  

20 March 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speaker: Michael Roberts, Australian Taxation Office

Tax Update presenter: Tracey Dunn, EY

At the end of 2022, collectible tax debt was $45 billion and growing.  The Australian Taxation Office (ATO) have foreshadowed a re-focusing on debt and in this session, we will hear from the ATO and what that means, including:

• What are the targeted strategies the ATO will be deploying to stop the growth in tax debt; and
• How will they be engaging with tax professionals and taxpayers.

This session will also demonstrate how to effectively engage with the ATO when you have a client with debts and want to avoid the risk of credit reporting and costly forms of litigation.

17 April 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speakers:  Patrick Norman, Clayton Utz, Guillaume Sabatier, Clayton Utz

Tax Update presenter: Tracey Dunn, EY

The Australian Taxation Office (ATO) have now got a firm focus on collecting the billions of dollars in outstanding debts that are owed to them mainly by small businesses that was put on a hiatus as they recovered from the devastating effects of Covid.  Most businesses have GST, PAYG Withholding, Superannuation as well as personal and company taxes outstanding.

The increased activity has seen a more aggressive stance on collection of debt in the way of increased correspondence, increased phone activity, harder stance on payment plans and negotiating debt, issuing of DPN and Summons leading to action to start to apply bankruptcy and the reporting of tax debts to credit reporting bureaus.

If your clients are in this position, or close to it, what are some of the steps you can take to help them survive this period … a leading firm will provide you with guidance on how you and your clients can engage with the ATO from both the early days of debt recovery to the longer term and more costly forms of litigation.

29 May 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speaker: Andrew Giorgi, FTI, Smailes Krawitz

Tax Update presenter: Tracey Dunn, EY

This session is intended to be an interactive, practical session addressing the start until the end of the tax dispute process, including:

• Responding to an ATO audit
• Assessments
• The objection process
• Seeking review at the AAT or appealing to the Federal Court;  and
• Debt recovery, judicial review and miscellaneous related issues.

26 June 2024 | 7:30 AM - 9:00 AM  | 1.50 CPD hours

Speaker: Gaurav Chitnis, CTA, HLB Mann Judd

Tax Update presenter: Tracey Dunn, EY

Whilst Division 7A has been around for more than 25 years, it is an area of tax law that remains shrouded in mystery for many tax practitioners, leading to frequent errors in its application. This presentation will shed light on some of the more complex areas of Division 7A and how various practical issues can be resolved.

The key areas that will be discussed are:

• Non-genuine repayments
• Distributable surplus
• Dealing with mistakes; and
• UPEs vs loans.

31 July 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speaker: Steven Dobson, Tax Practitioner Board, Robyn Jacobson, CTA, The Tax Institute

Tax Update presenter: Tracey Dunn, EY

Join The Tax Institute’s Senior Advocate, Robyn Jacobson, CTA, as she addresses the latest key issues facing the tax profession.

Robyn will also be joined by Steven Dobson who will provide an update on the current activities of the Tax Practitioners Board. 

28 August 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speaker: Alyce Martin, HHG Legal Group 

Tax Update presenter: Tracey Dunn, EY

Dealing with the tax issues for a client and legal personal representatives can be challenging. In order to appreciate all the issues, it is necessary to understand the legal processes associated with the deceased estate.  Taxation issues in this area of practice can be a mine field and challenging.  In this session we will discuss the tips and traps for legal and tax practitioners in navigating a challenging deceased estate.  

18 September 2024 | 7:30 AM - 9:00 AM | 1.50 CPD hours

Speaker: Christie Butler, CTA, Cooper Partners

Tax Update presenter: Tracey Dunn, EY

An update on recent changes to superannuation, including:-

• The $3 Million dollar threshold
• Contributions & pensions; and
• Recent cases.

30 October 2024 | 7:30 AM - 9:00 AM  | 1.50 CPD hours

Speaker: Ross Forrester, CTA, Westcourt

Tax Update presenter: Tracey Dunn, EY 

Tax residency has always been one of the most complex areas of tax law to fully understand.  And with new ATO guidance and case decisions the need to understand tax residency, and the impact of changing tax residency, has never been more pronounced.

In this session we will go over the ATO guidance and court decisions and break them down into practical takeaways that practitioners can apply to their own clients coming into and out of Australia. 

27 November 2024 | 7:30 AM - 9:00 AM  | 1.50 CPD hours

Speaker: Gina Nedeljkovic, RSM Australia

Tax Update presenter: Tracey Dunn, EY

We have all had clients say “I don’t need to pay super or payroll tax on my contractors, they have ABN’s” or “we don’t engage sole traders” only to find there has been a breakdown in policy and sole traders are engaged after reviewing accounts payable data.  It’s these comments and situations that make any professional advisor shake their head.  The dichotomy between an employee and contractor is ever evolving and we as advisors need to be across the issues and current state of play to ensure we are advising our clients correctly.

It is imperative to get the employment tax assessment correct as employees and independent contractors have different rights and entitlements and mistakes can result in significant penalties for employers.   Not only are employers required to consider rights and entitlements under the Fair Work Act 2009 (Cth) (FW Act) they need to consider superannuation guarantee, PAYG withholding, Fringe Benefits Tax and payroll tax matters.  Not to mention that elusive single touch payroll reporting obligation which is highlighting a lot more risk exposures to the various authorities, including the ATO and Fair Work Australia.

This session will discuss:

• Things to consider when making your initial assessment as to whether a worker is an employee or contractor, with particular focus around Superannuation and Payroll tax
  
• The Courts view in recent times
  
• Focus of the various authorities
  
• Impact of the “gig” economy
  
• How to mitigate risk; and
  
• What to do if you have made a mistake.