Tax Talks
Episodes
347 | s100A Q & A
22 May 2022
Contributed by Lukas
In this s100A Q & A session in our mini-series about s100A ITAA36 we go through all the outstanding questions you still had.
346 | Blue Zone Arrangements
16 May 2022
Contributed by Lukas
Blue zone arrangements can be saved. With a few tweaks, you can usually move back into the green zone.
345 | The Guardian Case
08 May 2022
Contributed by Lukas
The Guardian case will give you a better defence when accused of a so-called 'washing machine arrangement'.
344 | The Jamsek Case
01 May 2022
Contributed by Lukas
The Jamsek case - together with the Personnel Contracting Case - changed everything as Sam Harverey will tell you.
343 | Employee or Contractor
24 Apr 2022
Contributed by Lukas
To decide whether somebody is an employee or contractor, you used to look at the totality of the relationship based on the actual facts. You used to l...
342 | TPB Q & A
17 Apr 2022
Contributed by Lukas
In this TPB Q & A we ask the TPB three important questions about branding, overseas staff, and supervision.
341 | Resident Director
10 Apr 2022
Contributed by Lukas
A resident director usually fulfills just one specific role. And that is to meet the ASIC requirement that one director of a private Australian compan...
335 | Taxation of Crypto
03 Apr 2022
Contributed by Lukas
In this episode, Adam O'Grady, Assistant Commissioner of the ATO, will discuss the taxation of crypto with you.
340 | s100A ITAA36
27 Mar 2022
Contributed by Lukas
s100A ITAA36 is about reimbursement arrangements. I pay you something and then you pay me straight back - that sort of arrangement.
339 | TD 2022/D1
21 Mar 2022
Contributed by Lukas
So the ATO has been busy – and has issued not one, not two, not three, but four publications in one hit about s100A ITAA97 around unpaid present ent...
338 | Staking Crypto
13 Mar 2022
Contributed by Lukas
What is a staking pool and why would you stake your crypto? And what is a rug pull? These are just some of the questions Harrison Dell of Cadena Legal...
337 | Crypto Blockchains
07 Mar 2022
Contributed by Lukas
Without a basic understanding of crypto blockchains, you can’t really understand the basics of crypto. So in this episode le’ts talk about crypto ...
336 | Crypto Trading
28 Feb 2022
Contributed by Lukas
In this episode, let's talk about the common distinction between investor v trader, airdrops and rug pulls in smart contracts, and how this is taxed.
US 15 | LLC Income
22 Feb 2022
Contributed by Lukas
How LLC income is taxed in the US - disregarding any treaty position - depends on three things as Gary Carter will tell you in this episode.
334 | Subdivision of Land
20 Feb 2022
Contributed by Lukas
The subdivision of land is not a CGT event itself, but it often comes along with one as Andrew Andreyev will tell you in this episode.
US 14 | Single Member LLC
15 Feb 2022
Contributed by Lukas
A single member LLC is a disregarded entity for US federal tax purposes. The Australian entity assumes all US federal tax obligations instead.
333 | CGT Event K6
13 Feb 2022
Contributed by Lukas
CGT event K6 never happens alone - it is always triggered by another CGT event as Andrew Henshaw will tell you in this episode.
332 | Div 7A Past Amendment Periods
06 Feb 2022
Contributed by Lukas
Div 7A past amendment periods might allow you to get out of jail tax-free.
331 | From PI over FYI and Suite to KarbonHQ
30 Jan 2022
Contributed by Lukas
From PI over FYI and Suite to KarbonHQ - here is Amy Holdsworth with a helpful overview.
330 | Ten Thousand Clients
23 Jan 2022
Contributed by Lukas
Ten thousand Clients - that is what Lucy Cohen of Mazuma Accountants is aiming for. Here she tells you what she is doing to get there.
329 | Pitch Your Nitch
05 Dec 2021
Contributed by Lukas
Pitch your nitch - if this was easy, we would all be doing it. But it isn’t. So let this episode give you some food for thought.
US 13 | US Taxation of Australian SMSFs
29 Nov 2021
Contributed by Lukas
For US citizens living in Australia, the US taxation of Australian SMSFs is a huge question.
328 | Duplex Development
28 Nov 2021
Contributed by Lukas
Putting a duplex development onto a site that was previously a main residence can throw a lot of tax issues at you.
327 | Brainstorming Duplex Development
21 Nov 2021
Contributed by Lukas
Let’s do some brainstorming about the tax implications of duplex developments.
326 | Tax Deducting Your Home Loan
15 Nov 2021
Contributed by Lukas
When you rent out your main residence, can you tax deduct your home loan? And if you can, can you still claim the 6-year absence rule for the main res...
325 | Property Development 101
15 Nov 2021
Contributed by Lukas
How should you structure a property development project for tax purposes? Here is Andrew Andreyev of Andreyev Lawyers with some thoughts.
324 | Default Beneficiary
09 Nov 2021
Contributed by Lukas
A default beneficiary might save your trustee from paying top marginal tax rates on trust income and capital gains - without a 50% CGT discount.
323 | Missing Trust Distributions
08 Nov 2021
Contributed by Lukas
Missing trust distributions can cost you a lot of money unless you have a default beneficiary.
US 12 | Australian Trust Holds LLC
03 Nov 2021
Contributed by Lukas
For an expansion into the US is it best if your Australian trust holds LLC interests directly? Rather than going through a C-Corp?
321 | Outbound Investments
31 Oct 2021
Contributed by Lukas
Imagine you want to expand your business overseas. How do you avoid tax leakage but also avoid being dragged into the overseas tax system?
US 11 | Australian Loan to US
26 Oct 2021
Contributed by Lukas
When you give an Australian loan to US operations, should you loan to your US blocker or directly to your US trading entity?
US 10 | LLC Plus Blocker
25 Oct 2021
Contributed by Lukas
When would you set up an LLC plus blocker to expand into the US market? Marsha Dungog of Withers has the answer.
320 | Inbound Investments
24 Oct 2021
Contributed by Lukas
Inbound investments have implications for Australian tax. Clint Harding of Arnold Bloch Leibler in Sydney will tell you what they are.
US 9 | Australian Companies in US Returns
18 Oct 2021
Contributed by Lukas
How do you show Australian companies in US returns? Seth Hertz of US Expat Tax has the answer.
319 | Cross-Border Royalties
17 Oct 2021
Contributed by Lukas
Cross-border royalties - what do you need to look out for when your client pays royalties to an entity overseas?
US 8 | LLC or C-Corp
11 Oct 2021
Contributed by Lukas
As a non-US tax resident, should you run your US business through an LLC or C-Corp?
318 | To Block Or Not To Block
10 Oct 2021
Contributed by Lukas
To block or not to block - that is the question Clint Harding and Alex Rasmussen will discuss with you in this episode.
US 7 | US Corporations
04 Oct 2021
Contributed by Lukas
When your clients expand into the US, here are the types of US corporations to choose from.
317 | International Taxation 101
03 Oct 2021
Contributed by Lukas
Here are 7 important concepts in international tax. Understand those and you got the basics.
Update 31 | NSW JobSaver and Micro-Business Grant
28 Sep 2021
Contributed by Lukas
The conditions for the NSW jobsaver and micro-business grant are changing. Matthew Addison of ICB has the details.
316 | Institute of Certified Bookkeepers
27 Sep 2021
Contributed by Lukas
The Institute of Certified Bookkeepers is about bookkeepers helping bookkeepers helping clients.
315 | Private Ancillary Funds
26 Sep 2021
Contributed by Lukas
A Private Ancillary Fund allows you to claim a tax deduction while still retaining some control of the trust funds.
314 | Child Maintenance Trust Questions
19 Sep 2021
Contributed by Lukas
In this episode Patrick Huang will go through 10 child maintenance trust questions you sent in.
313 | Building on Land You Don‘t Own
13 Sep 2021
Contributed by Lukas
When would you consider building on land you don’t own? Here are three scenarios.
312 | Business Break Ups
12 Sep 2021
Contributed by Lukas
Here is Scott McKenzie with 7 factors that make a business breakup easy or hard.
311 | Who Gets The Family Home
06 Sep 2021
Contributed by Lukas
What happens to your family home when your parents die? Here are Amanda Morton and Paul Goldin with some insights.
310 | Who Gets The Beach House
05 Sep 2021
Contributed by Lukas
Who gets the beach house? What are the advantages of moving it to a testamentary trust?
309 | Child Maintenance Trust
30 Aug 2021
Contributed by Lukas
A child maintenance trust can save you a lot of tax but it comes at a huge cost as Simon Bacon of Manby & Scott will tell you.
308 | When the ATO Calls
29 Aug 2021
Contributed by Lukas
What do you do when the ATO calls you because one of your clients hasn't paid their BAS and IAS?
UPDATE 30 | Queensland COVID-19 Business Support
25 Aug 2021
Contributed by Lukas
Queensland COVID-19 business support ranges from $10,000 to $30,000 for employing business.
307 | ERP Questions
22 Aug 2021
Contributed by Lukas
In our last episode with Jeri Wambeek of WAO Connect we discussed ERP systems with you. In this episode, let’s ask Jeri three listener questions abo...
306 | ERP Systems
15 Aug 2021
Contributed by Lukas
ERP systems are different to Xero in four ways. Here is Jeri Wambeek of WAO Connect with the details.
Update 28 | NSW COVID-19 Business Support
13 Aug 2021
Contributed by Lukas
Let's look at the 12 conditions that apply to all three NSW COVID-19 business support payments - Business Grant, JobSaver and Micro-Business Grant - a...
305 | GST-Free Sale of Farm Land
08 Aug 2021
Contributed by Lukas
How do you buy farmland as a GST-free 'going concern'? Here is Geoff Stein of BWS Lawyers in Sydney with the details.
304 | Structure Property Development
01 Aug 2021
Contributed by Lukas
How should you structure property development? Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss with you in this episode.
303 | Unfair Contract Case Study
25 Jul 2021
Contributed by Lukas
Here is an unfair contract case study to show you how the unfair contract term provisions work.
302 | Unfair Contract Terms
18 Jul 2021
Contributed by Lukas
The unfair contract term provisions might help you to get out of an unfair contract.
301 | PSI Rules
11 Jul 2021
Contributed by Lukas
Do the PSI rules apply to you? The answer can cost or save you tax.
300 | The History of PSI
04 Jul 2021
Contributed by Lukas
The history of PSI is a long road through court and ATO rulings as well as the Ralph Review until we finally got some legislation.
Update 27 | What changed on 1 July 2021
30 Jun 2021
Contributed by Lukas
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
27 Jun 2021
Contributed by Lukas
The CGT treatment of pre-CGT shares and company assets keeps causing confusion, so here is a handy overview.
298 | Structure a Farming Business
20 Jun 2021
Contributed by Lukas
When you structure a farming business, there are many factors to consider. Asset protection, flexible timing of distribution, income tax, capital gain...
297 | Accountants in the Cannabis Industry
13 Jun 2021
Contributed by Lukas
Andrew Hunzicker of Dope CFO will discuss with you how we as accountants can assist this emerging or already booming industry - emerging or booming de...
296 | Australian Cannabis Industry
06 Jun 2021
Contributed by Lukas
The Australian cannabis industry is highly regulated but an emerging market with huge opportunities.
295 | Farm Succession
30 May 2021
Contributed by Lukas
Farm succession is all about avoiding surprises. And you do that by dealing with it during your lifetime.
294 | Work-related Self-Education Expenses
23 May 2021
Contributed by Lukas
In December 2020 Treasury issued a discussion paper labelled “Education and Training expense deductions for individuals”.
293 | Cost of Paying Less Tax
16 May 2021
Contributed by Lukas
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
12 May 2021
Contributed by Lukas
This year's budget is about stimulating growth in a post-COVID world. It is not about systematic change, but there are still some changes you need to ...
292 | Vendor Finance Arrangements
09 May 2021
Contributed by Lukas
The sale of professional services firms often include a vendor finance arrangements, but beware the fineprint.
291 | Inventory Management Software
02 May 2021
Contributed by Lukas
Xero and Shopify come with inventory management software - a simple one, but one nevertheless. How far can they take you? In this episode Jeri Wambeek...
290 | Structure a Hobby Farm
25 Apr 2021
Contributed by Lukas
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
18 Apr 2021
Contributed by Lukas
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
11 Apr 2021
Contributed by Lukas
In episode 287, we discussed intellectual property as such. In this episode Melissa McGrath of Coleman Greig Lawyers in Sydney will talk about the tax...
287 | Intellectual Property
04 Apr 2021
Contributed by Lukas
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
28 Mar 2021
Contributed by Lukas
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
21 Mar 2021
Contributed by Lukas
What happens to your tax position when you expand overseas? This is what Clint Harding of Arnold Bloch Leibler in Sydney will discuss with you in this...
284 | Investing in Overseas Shares
14 Mar 2021
Contributed by Lukas
Investing in overseas shares through a company can result in withholding tax leakage as Clint Harding of Arnold Block Leibler will tell you.
283 | Two Drunk Accountants
07 Mar 2021
Contributed by Lukas
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
03 Mar 2021
Contributed by Lukas
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
21 Feb 2021
Contributed by Lukas
You probably have clients who pay or receive child support and hence ask you for advice. Simon Bacon of Manby & Scott is a family law lawyer specialis...
US 1 | US Stimulus Cheques
15 Feb 2021
Contributed by Lukas
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
14 Feb 2021
Contributed by Lukas
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
08 Feb 2021
Contributed by Lukas
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
07 Feb 2021
Contributed by Lukas
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
21 Dec 2020
Contributed by Lukas
Finally, the last episode for 2020 - the Top 10 Podcasts for Australian Accountants 2021.
UPDATE 25 | Testamentary Trust Law Change
14 Dec 2020
Contributed by Lukas
There has been a significant testamentary trust law change affecting how distributions to minors are taxed. Paul Mackenroth of Cleary Hoare in Brisban...
276 | Going AWOL
13 Dec 2020
Contributed by Lukas
Will going AWOL save you money? What happens when your company keeps trading but ignores all ASIC and tax debts?
275 | Tax Software
07 Dec 2020
Contributed by Lukas
Tax software doesn't get much limelight. But in this episode with Alan Fitzgerald it will.
274 | Director Penalty Notices
06 Dec 2020
Contributed by Lukas
Director penalty notices - in short DPN - are the ATO's tax collection tool of last resort to get what they are owed - by going straight for a directo...
273 | Trust Reporting
30 Nov 2020
Contributed by Lukas
If you look at the work done in your practice, chances are trusts - especially discretionary trusts - take up a disproportionate amount of time. So le...
272 | Company Capital
29 Nov 2020
Contributed by Lukas
Does size matter? Does it matter whether capital is paid in or not? And who is responsible for substantiating the claim of capital profits reserves an...
271 | Company Constitutions
23 Nov 2020
Contributed by Lukas
What is the difference between company constitutions and shareholder agreements? Should you just have one or do you need both? Why do you need a const...
270 | How to Save Land Tax
22 Nov 2020
Contributed by Lukas
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss 3 ways to save land tax.
269 | Intern or Employee
16 Nov 2020
Contributed by Lukas
How do you tell whether somebody is an intern or employee? Where does an intern stop and employee start? In this episode James True of LegalVision in ...
268 | How To Save Stamp Duty
15 Nov 2020
Contributed by Lukas
In this episode Geoff Stein of Brown Wright Stein Lawyers in Sydney will discuss ways with you to reduce stamp duty.
267 | Share Buyback
08 Nov 2020
Contributed by Lukas
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
01 Nov 2020
Contributed by Lukas
If you have an offset account and use the equity in your home for investment purposes, you should be able to claim a tax deduction. Right? Don't worry...
265 | Home-Based Business CGT
25 Oct 2020
Contributed by Lukas
Is your home-based business CGT safe? Or will you be hit with a huge tax bill when you sell your family home? Andrew Henshaw of Velocity Legal will sh...
264 | Common Trust Deed Issues
18 Oct 2020
Contributed by Lukas
In this episode Emily Pritchard of ACIS walks you through 9 common issues around trust deeds.
UPDATE 24 | Avoid Foreign Trust Status
14 Oct 2020
Contributed by Lukas
This is urgent. Act before 31 December 2020 to avoid foreign trust status by default for discretionary trusts holding residential property in NSW.