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The Tax Agent Services Act 2009 (TASA) has undergone significant changes, introducing new "Dob-In Rules" for tax agents....
08/12/2024

The Tax Agent Services Act 2009 (TASA) has undergone significant changes, introducing new "Dob-In Rules" for tax agents. But what does this mean for professionals in the industry?

Andrew Henshaw of Velocity Legal breaks down these key updates, including the 30-day breach reporting rule, the James Review’s recommendations, and the evolving Code of Conduct.

The ATO's guidance on PSI arrangements highlights both low-risk setups (no income splitting, clear commercial purposes) ...
04/12/2024

The ATO's guidance on PSI arrangements highlights both low-risk setups (no income splitting, clear commercial purposes) and high-risk ones (income splitting, profit retention).

Want to dive deeper? Andrew Henshaw from Velocity Legal explains six key examples in the latest podcast episode.

https://www.taxtalks.com.au/psi-examples-in-pcg-2024-d2/

PCG 2024/D2 has shaken up the PSI landscape, sidelining the familiar PSB tests and bringing Part IVA back into focus. If...
24/11/2024

PCG 2024/D2 has shaken up the PSI landscape, sidelining the familiar PSB tests and bringing Part IVA back into focus. If you thought passing one of the four PSB tests was your safe zone—think again.

🎙️ Learn how these changes impact you from Andrew Henshaw of Velocity Legal.

👉 Don’t miss this crucial update—your business depends on it! https://www.taxtalks.com.au/psi-in-pcg-2024-d2/

Did you know the Test Individual (TI) is the cornerstone of every Family Trust? Everything revolves around this key figu...
17/11/2024

Did you know the Test Individual (TI) is the cornerstone of every Family Trust? Everything revolves around this key figure, from making a Family Trust Election (FTE) to claiming tax benefits and managing distributions. The TI defines the Family, Group, and Family Group, shaping who’s in and who’s out. This impacts tax obligations, franking credits, and much more.

Choosing the right TI is a game-changer for your trust’s structure and compliance. Make informed choices to avoid costly surprises!

💡 Learn more about navigating the intricacies of Family Trusts with Jonathan Ortner.

https://www.taxtalks.com.au/test-individual-in-a-family-trust-election/

For private clients, Family Trust Elections (FTEs) come up often, but they’re risky if not handled right! FTEs can trigg...
04/11/2024

For private clients, Family Trust Elections (FTEs) come up often, but they’re risky if not handled right! FTEs can trigger Family Trust Distribution Tax (FTDT), and unlike regular taxes, there’s no amendment period — the ATO can revisit FTDT years later.

In our latest episode, Jonathan Ortner answers the top 10 questions on making FTE decisions safely.

https://www.taxtalks.com.au/fte-questions/

In Episode 427, we spoke with Astrid Rivalland and Helen Young from LegalVision, where they expertly broke down the late...
02/10/2024

In Episode 427, we spoke with Astrid Rivalland and Helen Young from LegalVision, where they expertly broke down the latest changes in NDIS registration. Now, we're back with Part 2 of this insightful conversation!

💡 Tune in as we dive deeper into the new three-tier framework, key players in the NDIS landscape, and what it means for providers navigating these changes. Astrid and Helen explain it all with clarity and expertise!

https://www.taxtalks.com.au/ndis-registration-part-2/

We dive into NDIS Registration and its indirect impact on your GST exemption. Special thanks to Astrid Rivalland and Hel...
25/09/2024

We dive into NDIS Registration and its indirect impact on your GST exemption.

Special thanks to Astrid Rivalland and Helen Young from LegalVision for breaking down this complex topic!

Key insights:
✅ NDIS registration isn’t required for GST-free services, but it plays a crucial role for NDIA-managed participants.
✅ New changes are coming to NDIS registration, moving to a three-tier framework—important for all providers to understand.

Catch the full episode for all the details! https://www.taxtalks.com.au/ndis-registration-part-1/

Looking to make an impact without the complexity of starting a charity? 🌟 In our latest podcast, we dive into charitable...
25/08/2024

Looking to make an impact without the complexity of starting a charity?

🌟 In our latest podcast, we dive into charitable sub-fund arrangements with expert Darren Fittler from Gilbert + Tobin. Learn how you can use an existing charity's status to raise funds for your cause, offer tax-deductible donations, and make a real difference—minus the admin headache.

https://www.taxtalks.com.au/charitable-sub-fund-arrangements/

Curious about the differences between Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs)? 🤔 Darren Fittle...
11/08/2024

Curious about the differences between Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs)?

🤔 Darren Fittler of Gilbert + Tobin breaks down how each fund works, their benefits, and how they can help you with your charitable giving. Whether you're considering setting up a PAF for more control or prefer the ease of a PuAF, this episode is a must-listen.

Curious about how to structure a charity? 🤔 Should you opt for an unincorporated or incorporated association, or a compa...
30/07/2024

Curious about how to structure a charity? 🤔 Should you opt for an unincorporated or incorporated association, or a company limited by guarantee? 🌟

Darren Fittler from Gilbert + Tobin Lawyers has the answers! Darren, a corporate lawyer based in Sydney specializing in charities, will explain the differences between a Company Limited by Guarantee and a Pty Ltd, what a public benevolent institution is, and the distinctions between DGR1 and DGR2 charities.

Join us for our latest podcast episode to learn more. 🎧
https://www.taxtalks.com.au/how-to-structure-a-charity/

The TPB strongly recommends identity verification of clients, though it's not yet mandatory. With rising GST and other f...
09/07/2024

The TPB strongly recommends identity verification of clients, though it's not yet mandatory. With rising GST and other fraud, verifying client identities is crucial.

In our latest episode, Warren Renden from BGL Corporate Solutions covers the requirements for identity verification in Australia compared to New Zealand, Singapore, and the UK.

https://www.taxtalks.com.au/identity-verification/

🎙️ Dive into the world of Employee Share Plans (ESPs) with Rajan Verma from Velocity Legal in Melbourne! Learn how ESPs ...
10/06/2024

🎙️ Dive into the world of Employee Share Plans (ESPs) with Rajan Verma from Velocity Legal in Melbourne!

Learn how ESPs give you shares with no strings attached and why they’re taxed upfront. Discover insider tips on key concessions, the AUD 1,000 discount, and special benefits for start-ups.

https://www.taxtalks.com.au/employee-share-plans/

📲 Don’t miss out—listen now and get all the expert insights from Rajan Verma.

In the last two episodes (Ep 418 and 419), we dove into Steps 1 to 6:📌 Ep 418: Covered the 50% PSI test, identifying the...
29/05/2024

In the last two episodes (Ep 418 and 419), we dove into Steps 1 to 6:

📌 Ep 418: Covered the 50% PSI test, identifying the test individual, allocating the income to them, and the 75% results test.

📌 Ep 419: Discussed the 80% hurdle and the second PSB test, the unrelated clients test.

Now in this episode, Neil Brydges of Sladen Legal joins us again to cover:

✅ The employees test

✅ Business premises test

✅ PSB determinations

✅ Special agent rules

✅ Part IVA

Be sure to listen in as Neil explains everything.

https://www.taxtalks.com.au/psi-in-tr-2022-3-steps-7-to-9/

Podcast

Wondering how to navigate Personal Services Income (PSI) compliance? Dive into Taxation Ruling 2022/3 with Neil Brydges ...
02/05/2024

Wondering how to navigate Personal Services Income (PSI) compliance?

Dive into Taxation Ruling 2022/3 with Neil Brydges of Sladen Legal! This episode covers Steps 1 to 4, explaining the 50% PSI test and the 75% Results Test.

https://www.taxtalks.com.au/psi-in-tr-2022-3-step-1-to-4/

Stay tuned for Steps 5 to 9 in our next episode. 💼💡

Sky Accountants has soared to a remarkable $5 million in annual turnover, with sights set on reaching AUD 10 million!Dis...
15/04/2024

Sky Accountants has soared to a remarkable $5 million in annual turnover, with sights set on reaching AUD 10 million!

Discover the incredible growth journey of Sky Accountants led by CEO Jamie Johns.

Tune in to learn the secrets behind their success! 📈

https://www.taxtalks.com.au/how-sky-accountants-grew-to-5m/

Join us as we dive into Artificial Intelligence with Ron Lesh, founder of BGL Corporate Solutions. Discover how AI boost...
25/03/2024

Join us as we dive into Artificial Intelligence with Ron Lesh, founder of BGL Corporate Solutions.

Discover how AI boosts processing and explore its broader applications in ChatGPT, OCR, and corporate compliance.

Tune in for cutting-edge insights! 🤖🎙️

https://www.taxtalks.com.au/how-ai-boosts-your-smsf-processing/

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