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Special Tax Topics: Session 11 Technical Session - Taxation Issues Associated With SBEs


Presented by our expert tax trainers, these informative and highly practical sessions reflect the topical Australian tax issues and will ensure that you understand the various key areas of these special topics.

Content Description

Presented by our expert tax trainers, these informative and highly practical sessions reflect the topical Australian tax issues and will ensure that you understand the various key areas of these special topics.

For every special topic, we offer a technical session and a case study session.

  • Technical sessions offer learners an in-depth theoretical understanding of the topic and its key principles.
  • Case study sessions use realistic client scenarios to demonstrate the practical application of the topic’s key principles.
  • Session Information:

    Taxation issues associated with SBEs, Technical Session

    This topic focuses on an overview of the requirements to be a small business entity (SBE) and highlights the benefits of being classified as an SBE. After completion of this topic, successful participants should be able to:

    • Distinguish between a SBE and a base rate entity
    • Identify the correct turnover limit for different SBE concessions
    • Determine whether a company’s tax return rate is 30% or 27.5%
    • Explain the $20k instant asset write-off to SBE clients
    • Identify different SBE concession, such as SBE restructure roll-over, SBE tax offset, FBT concessions and GST concessions.
    Benefit

    Keep up-to-date on this ever-changing and complex area of the tax law.

    James McPhedran's extensive taxation and superannuation experience branches across a wide range of industries from mining and energy, to entertainment and professional tax bodies. Prior to his training role at Chartered Accountants Australia and New Zealand, James was a Tax and Superannuation Advisor at the Knowledge Shop (a wholly-owned subsidiary of Hayes Knight).

    Bruce Thomas has written and presented training on a wide variety of tax topics for tax training clients and for public sessions held by the Organisation. Bruce spent 17 years working for the ATO, including working as a senior officer dealing with GST technical issues in the implementation of GST.

    Ken Mansell Ken currently works as the Taxation Manager for Raytheon in a part time capacity. Ken has worked on the secretariat of the Review of Australia’s Future Tax System (“Henry Review”), in the office of the Assistant Treasurer advising on taxation policy and have worked in the Revenue Group of the Treasury developing and implementing policy in relation to Consolidations, Taxation of Financial Arrangements, scrip for scrip rollovers, amendment periods, specific anti avoidance provisions and objections. Ken has also worked in the Tax Division for both KPMG and Deloitte, a Tax Trainer and Tax Specialist for the Institute of Chartered Accountants in Australia and the Head of Taxation for the Seven Network Limited group. Further, Ken has worked as a legal researcher in both commercial and academic roles.

    Tristan Webb Prior to joining CAANZ Tristan Webb was National Tax Director at Crowe Horwath for 6 years. Crowe Horwath is one of the largest of Australia’s mid-tier Accounting firms. In this capacity, he was responsible for:

    Group Learning and Development Tax risk management policy;

    Development of group intellectual property on emerging tax issues;

    Developing consistency between member firms through tools, products and processes;

    Business development;

    Brand building, marketing and media liaison;

    Knowledge building at tax specialist level (amongst other responsibilities) ;

    Tristan was also required to report to the Crowe Horwath Board of the Tax Advisory Group on a monthly basis.

    Before joining Crowe Horwath, Tristan was a Training Specialist at the Institute of Chartered Accountants. He has other Big Four and mid-tier Chartered Accounting experience and has worked for Australia’s top legal publisher in Tax and for the Australian Taxation Office for several in various positions.


    EVENT DETAILS


    Topic: Tax

    Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Income Tax, State/Territory Taxes, Tax Administration

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: 1.5 hours