302 | Unfair Contract Terms
The unfair contract term provisions might help you to get out of an unfair contract.
Author Archive for: Jan
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301 | PSI Rules
PSI or PSB? The answer can cost or save you tax. Here is Andrew Henshaw of Velocity Legal in Melbourne with the details.
Update 27 | What changed on 1 July 2021
What changed on 1 July 2021? No rock the boat changes but still important to know. Here are 11 changes to look out for.
299 | Pre-CGT Shares and Company Assets
The CGT treatment of pre-CGT shares and company assets keeps causing confusion, so here is a handy overview.
298 | Structure a Farming Business
When you structure a farming business, there are many factors to consider. Asset protection, flexible timing of distribution, income tax, capital gains tax
297 | Accountants in the Cannabis Industry
Accountants in the Cannabis industry can shape and help grow a booming industry that is still in its infant shoes.
296 | Australian Cannabis Industry
The Australian cannabis industry is highly regulated but an emerging market with huge opportunities.
295 | Farm Succession
Farm succession is all about avoiding surprises. And you do that by dealing with it during your lifetime.
294 | Work-related Self-Education Expenses
In December 2020 Treasury issued a discussion paper labelled “Education and Training expense deductions for individuals”.
293 | Opportunity Cost of Saving Tax
The cost of paying less tax is about opportunity cost. What do you miss out on when you focus too hard on saving tax?
UPDATE 26 | 2021/22 Federal Budget
This year’s budget is about stimulating growth in a post-COVID world. Andrew Henshaw will discuss these with you in this episode.
292 | Vendor Finance Arrangements
The sale of professional services firms often include a vendor finance arrangements, but beware the fineprint.
291 | Inventory Management Software
Xero and Shopify come with inventory management software – a simple one, but one nevertheless. How far can they take you?
290 | Structure a Hobby Farm
How do you structure a hobby farm in the most tax effective way? Here is Andrew Henshaw of Velocity Legal with more.
289 | LRBA Timing
The timing of the declaration of trust over the LRBA property is crucial. Here is Geoff Stein of BWS Laywers with more.
288 | Taxation of IP
The taxation of IP is about CGT, depreciation, instant asset write-offs and tax incentives. Here is Melissa McGrath with more details.
287 | Intellectual Property
Intellectual property is a right. It is only property as such to the extent you have a right to it. Here is Melissa McGrath with more.
286 | Expand Into New Zealand
How to you expand into New Zealand? What GST and income tax implications does this have? Here is Mike Reddy of NZTax.com.au.
285 | Expand Overseas
What happens to your tax position when you expand overseas? Here is Clint Harding of Arnold Bloch Leibler in Sydney with the anwer.
284 | Investing in Overseas Shares
Investing in overseas shares through a company can result in withholding tax leakage as Clint Harding of Arnold Bloch Leibler will tell you.
283 | Two Drunk Accountants
How do you do an accounting podcast? Dan Osborne and Tim Garth of ‘The Two Drunk Accountants’ tell you in this episode.
282 | CATS Accountants
In some ways CATS Accountants is just a normal practice with a turnover of $1m. But in other ways they are quite unique and unusual.
281 | Child Support Payments
Child support payments – what to look out for? Simon Bacon of Manby & Scott is a family law lawyer specialising in child support arrangements, so perfect to ask how child support works.
US 1 | US Stimulus Cheques
How do you treat the US stimulus cheques in Australian tax returns? Seth Hertz of US Expat Tax in Sydney will give you the answer.
280 | Property Development within an SMSF
Property development within an SMSF can be done but is fraught with danger as Bryce Figot of DBA Lawyers will tell you.
279 | Losses Need an FTE
Is it always true that losses need an FTE? Let’s talk about when an FTE makes sense and when it doesn’t.
278 | Testamentary Trust Questions
In this episode Paul Mackenroth of Cleary Hoare in Brisbane goes through ten of your testamentary trust questions.
277 | Top 10 Podcasts for Australian Accountants
Finally, the last episode for 2020 – the Top 10 Podcasts for Australian Accountants 2021.
UPDATE 25 | Testamentary Trust Law Change
There has been a significant testamentary trust law change affecting how distributions to minors are taxed.
276 | Going AWOL
Will going AWOL save you money? What happens when your company keeps trading but ignores all ASIC and tax debts?
275 | Tax Software
Tax software doesn’t get much limelight. But in this episode with Alan Fitzgerald it will.
274 | Director Penalty Notices
Director penalty notices are the ATO’s tax collection tool of last resort to get what they are owed – by going straight for a director’s personal assets.
273 | Trust Reporting
If you look at the work done in your practice, chances are trusts – especially discretionary trusts – take up a disproportionate amount of time.
272 | Company Capital
For small to medium companies the size and type of company capital usually doesn’t matter. But sometimes it does.
271 | Company Constitutions
What is the difference between company constitutions and shareholder agreements? Should you just have one or do you need both?
270 | How to Save Land Tax
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss 3 ways to save land tax.
269 | Intern or Employee
How do you tell whether somebody is an intern or employee? Where does an intern stop and employee start?
268 | How To Save Stamp Duty
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss ways with you to reduce stamp duty.
267 | Share Buyback
Any company can do a share buyback. The question is just whether it should. Here is Emily Pritchard of ACIS with more.
266 | Tax Deduct Your Home Loan
There are two ways you can tax deduct your home loan, but they aren’t what you probably think.
265 | Home-Based Business CGT
Is your home-based business CGT safe? Or will you be hit with a huge tax bill when you sell your family home?
264 | Common Trust Deed Issues
In this episode Emily Pritchard of ACIS walks you through 9 common issues around trust deeds.
UPDATE 24 | Avoid Foreign Trust Status
This is urgent. Act before 31 December 2020 to avoid foreign trust status by default for discretionary trusts holding residential property in NSW.
263 | In Connection With Your Retirement
Qualifying for the 15 year exemption depends on you passing the ‘in connection with your retirement’ hurdle.
UPDATE 23 | The Budget
Here are the 10 most important tax concessions announced on budget night 6 October 2020.
261 | How To Avoid s109T
s109T is an issue when the recipient of a Div 7A loan isn’t a shareholder but minimum yearly repayments are financed via a dividend.
UPDATE 22 | Eichmann Decision
The Full Federal Court has overturned the Federal Court’s Eichmann Decision. Here is Andrew Henshaw of Velocity Legal in Melbourne with more.
259 | The Eichmann Case
What exactly does it mean for an asset to be used in the course of carrying on a business? This is the question the Eichmann case brought before the courts.
258 | Tech Stack
Your tech stack can be a waste of money or can propel you to the next level. It all depends on how you built it to do what.
257 | Find a Niche and They Will Come
To find a niche and grow a community in that niche will allow you to exponentially grow, as Aly Garrett in Adelaide will tell you.
256 | Retirement Villages
Retirement villages come with long and confusing contracts in tow. Here is John Saunders with some insights.
255 | Family Provision Claims
Here is Paul Mackenroth of Cleary Hoare about what happened with the family provision claim in the Marsella case and how to avoid it.
254 | SMSF Trustee Discretion
The Marsella case changed forever how SMSF trustee discretion is exercised. Here is Paul Mackenroth of Cleary Hoare with more.
Update 21 | Jobkeeper 2.1
Jobkeeper 2.1 has two significant changes to Jobkeeper 2.0. What these are, Andrew Henshaw of Velocity Legal in Sydney will tell you in this episode.
253 | Pre-CGT Company Assets After Death
What happens to pre-CGT company assets at the death of the original shareholder? Here is Paul Mackenroth of Cleary Hoare with the answer.
252 | Special Disability Trusts
What is a special disability trust? What can or can’t it do? And why would you set one up? Here is John Saunders with some answers.
251 | The Cost of Marketing
How much does it actually cost to build you a proper funnel that brings you clients?
250 | Lead Funnel for Accountants
In this episode Nathan Watt of Watson & Watt will tell you how he designed his lead funnel and grew to 100 client groups within 3 years.
249 | How to Design Your Website
In this episode Melissa Donnelly shares 12 insights about website design that you can apply to your own website.
UPDATE 20 | Jobkeeper Changes
The upcoming Jobkeeper changes will affect whether you continue to qualify and how much you get if you do.
UPDATE 19 | COVID-19 Restructuring
The current COVID-19 crisis might make more businesses eligible for the small business CGT concessions due to lower market values.
247 | Bucket or Holding Company
Bucket company to the side or interposed holding company? Here is Geoff Stein of Brown Wright Stein Lawyers with some insights.
UPDATE 18 | COVID-19 Debt Hibernation
COVID-19 debt hibernation: All debts put into a box and locked up until 24 September 2020. Here is Ben Sewell of Sewell & Kettle with more.
UPDATE 17 | COVID-19 Tenancy Law
COVID-19 tenancy law is fuzzy, so it all comes down to negotiation or – if you can’t agree – the tribunals, as Ben Sewell will tell you in this episode.
UPDATE 16 | COVID-19 Insolvency Law
COVID-19 insolvency law is to help you survive. To get through this crisis alive. Here is Ben Sewell of Sewell & Kettle with the details.
246 | Accounting Expo Tours
Accounting expo tours are a new idea and a good one. Here are Amy Holdsworth and Ian Walker of Clarity Street with more.
245 | Peripheral Apps for Accountants
What apps you would put around the core apps of your accounting practice? Amy Holdsworth and Ian Walker with more.
244 | Core Apps for Accountants
What apps should sit at the core of your accounting practice? Here are Amy Holdsworth and Ian Walker of Clarity Street with some insights.
243 | How To Run an Offshore Team
How to run an offshore team? In three words – Make No Difference – treat your offshore team like your Australian team.
UPDATE 15 | COVID-19 Payroll Tax Relief
COVID-19 payroll tax relief will save you money. Andrew Fricot of Payroll Tax Solutions will tell you how much.
242 | Insights of an Offshoring Provider
What options do you have and what does it cost? Here is Nick Sinclair of TOA Global with some insights.
241 | Marketing Hacks
Cherry pick from the big end of town. Here is Melissa Donnelly with 5 marketing hacks to learn from the big guys.
240 | Content and How To Deliver It
How to create killer content and deliver it. Here are 12 tips from Melissa Donnelly of Affinity Communications to do just that.
239 | Content Marketing
Contention marketing is a marathon. So choose a channel you enjoy. Here is Melissa Donnelly with some insights.
238 | Converting Conversations into Clients
Converting conversations into clients takes skill. Some of us find it easy. Most of us find it the hardest part of it all. Here is Melissa Donnelly.
UPDATE 14 | Jobkeeper Rulings
There are three new Jobkeeper rulings – PCG 2020/4, PSLA 2020/1 and LCR 2020/1. Here is Andrew Henshaw of Velocity Legal with the details.
401 | Foreign Trust Surcharges
What land tax and stamp duty surcharges does a foreign trust pay in Queensland, NSW or Victoria?
UPDATE 12 | COVID-19 Employment Law
Things have become more flexible under COVID-19. In this episode Ben Thompson of Employment Hero will tell you how.
UPDATE 11 | Employment Law Before COVID-19
What did employment law before COVID-19 look like? Here is Damien Gooden of HR Central with some insights.
UPDATE 10 | JobKeeper Alternative Test
The JobKeeper alternative test might help you if you fail the primary turnover test. Here is Andrew Henshaw of Velocity Legal with more.
UPDATE 9 | Commercial Tenancies Code
The Commercial Tenancies Code might be the lifeline you need. Here is Scott McKenzie of Velocity Legal with more.
UPDATE 8 | Jobkeeper Rules
The Jobkeeper rules are out – filling in a lot more gaps, still leaving some behind.
UPDATE 7 | COVID-19 Stimulus Review
The number of measures is overwhelming. So let’s do a brief COVID-19 stimulus review – looking at everything that is on the table.
UPDATE 5 | Cash Flow Boost
When the legislation for the federal COVID-19 cash flow boost first came out, some things were unclear, but have become much clearer now.
UPDATE 4 | Super COVID-19 Measures
There are 4 super measures coming or already implemented that will affect your super. Here is Liam Shorte of Verante Financial Planning with more.
237 | Marketing Strategy and Execution
Marketing strategy and execution need to go together. One without the other is a Nothing – either a waste of paper or pointless action.
UPDATE 2 | COVID-19 Stimulus Bill
The federal COVID-19 stimulus bill is now law. Bob Deutsch will tell you how to calculate the cash boost – very different to what we all thought.
236 | Why should I engage with you?
Why should I engage with you? This is a constant question in your clients’ mind. Here is Melissa Donnelly with more.
235 | Property and Tax
What are the most current changes around property and tax? Here is Bob Deutsch of The Tax Institute with some insights.
234 | US Individual Tax Return (Form 1040)
How do you ‘read’ an US individual tax return for Australian tax purposes? This is the question we asked Seth Hertz of Expat US Tax.
233 | US v Australian Tax for Individuals
US v Australian tax for individuals – how is US tax different from Australian tax and vice versa? Here is Seth Hertz with some insights.
232 | US Tax For Individuals
US citizens living in Australia are taxed on their worldwide income in Australia but also in the US. Here is Seth Hertz of Expat US Tax with more.
231 | App Integration
What does it actually mean when an app integrates with another app? Here are Jeffrey Atizado and Clinton Cowin with the answer.
230 | App Ecosystem
What should your app ecosystem look like? Here are Jeffrey Atizado of SMB Consultants and Clinton Cowin of TradiePad with some things to ponder.
229 | Insights of Cloud Integrators
Clinton Cowin of TradiePad and Jeffrey Atizado of SMB Consultants share their insights as cloud integrators.
228 | International Tax Update
What are the three biggest issues around international tax at the moment? Here is Bob Deutsch with some thoughts.
227 | Cum-Ex Scandal
If somebody offered you a way to claim your franking credits twice, would you do it? You might hesitate, but many European banks didn’t.
226 | AFR Top 100 Accounting Firms
The AFR Top 100 Accounting Firms list makes an interesting read. Here is our interview with the AFR Professional services editor, Edmund Tadros.
225 | Ask an SMSF Expert
In this episode Kathy Evans discusses pension and lump sum payments, deductibility of SMSF expenses as well as the SMSF look up.
224 | Why an SMSF
Why an SMSF? In this episode Kathy Evans of Findex in Albury/Wondonga will list 15 factors to consider.
Tax Talks
Tax Talks is Australia’s tax news podcast for tax professionals. Informative, entertaining and free.
