Other topics
Commercial Debt Forgiveness
13 February 2025
This video includes 3 videos on the commercial debt forgiveness provisions. These provisions are more likely to be encountered by the SME market segment and are something all accountants should have a good understanding about. The three videos cover [1] Why we have the commercial debt forgiveness provisions [2] The net forgiven amount and its implications [3] Special topics related to the legislation. 94 minutes.
Victorian State Taxes
7 May 2024
Rachel O’Donnell provides an update on changes to certain Victorian state taxes. This includes property and tax duty and land tax surcharges. It also includes a discussion in the new commercial and industrial property tax. 66 minutes.
Cross-border taxation issues
3 October 2023
This video deals with the basics of the controlled foreign companies legislation and the foreign income tax offsets (foreign tax credits) legislation. 61 minutes.
Working from home tax deductions
22 September 2023
Millions of taxpayers now work from home, at least on a part-time basis. This comprehensive video discusses all of the methods available to taxpayers to claim a tax deduction in relation to working from home. It also tackles the CGT implications of claiming tax deductions in relation to operating a business from home. 71 minutes.
Assessment and objections
8 August 2023
A fundamental part of the Australian taxation system is the raising of assessments by the ATO (including self-assessment) and the ability of a taxpayer to be able to object to an assessment if the taxpayer disagrees with that assessment. This video discusses [1] The legislation that supports the assessment and objection process [2] Time frames permitted for amending and assessment [3] The time frame for making objections [4] A recent announcement that affects this area of the law. 63 minutes.
TR 2023/1 – Tax residency of an individual
18 July 2023
Knowing whether an individual is a tax resident of Australia is fundamental in determining how an individual is taxed under the Australian taxation system. This ruling is the most authoritative statement by the ATO on its views concerning the residency of individuals. It follows a number of court cases of recent years which have clarified certain aspects of this issue. The ruling consolidates all of these views. It is essential information for accountants that need to determine whether an individual is a tax resident of Australia. 65 minutes.
The Taxpayers’ Charter
27 June 2023
The Taxpayers’ Charter is a document produced and administered by the ATO that sets out the rights of taxpayers and of the ATO. Although not a well known document, it is beneficial for accountants in public practice to be aware of what this document says as it can be useful to quote when dealing with the ATO on behalf of a client. 61 minutes.
Service entities
25 May 2023
Service entities such as a service trust are commonly part of closely-held group structures. Such entities assist with asset protection, law-suits and can provide tax savings. This video discusses [1] The key documents you should read when considering this topic [2] The history of how the taxation of service entities have been dealt with by the ATO and the courts [3] The ATO’s guidance document released in 2006 [4] Medical practice service entities [5] The impact of PCG 2021/4 which is about the allocation of profits from a professional services firm. 68 minutes.
Small scale property development [2]
26 October 2022
This is the second of a two-part series on the intriguing tax issues that arise when clients engaged in property development on a small scale. This video discusses the GST issues that can arise. Should the client register for GST and other questions. 55 minutes.
Small scale property development [1]
5 October 2022
This is the first of a two-part series on the intriguing tax issues that arise when clients engaged in property development on a small scale. This video discusses the perplexing but critical topic of when the disposal of a property is on revenue account or capital account. 66 minutes.
The new small business incentives
22 September 2022
This video discusses the exposure draft legislation concerning the skills and training boost and the technology investment boost. 56 minutes.
Employee or Contractor?
30 August 2022
This video covers the implications of two High Court decisions that fundamentally changed the way we examine the question of whether an individual is an employee or contractor. It is co-presented with Paul Jeffreys, Barrister. The video discusses the implications of the CFMMEU v Personnel Contracting and ZG Operations v Jamsek cases. 69 minutes.