Tax Talks

186 | Investing 101

15 Oct 2019

Contributed by Lukas

Liam Shorte of Verante in Castle Hill gives an Investment 101 crash course. If you are an investment guru, skip this episode.

185 | SMSF Investment Strategies

14 Oct 2019

Contributed by Lukas

SMSF investment strategies will receive a lot more limelight going forward. Liam Shorte of Verante in Castle Hill will tell you why.

184 | Mental Health

13 Oct 2019

Contributed by Lukas

Mental health issues can hit any of us – at any time - when we least expect it. So we should talk about it. Tim Hoopmann is doing just that.

183 | LRBA

08 Oct 2019

Contributed by Lukas

An SMSF can only borrow through an LRBA. Peter Bobbin of Argyle Lawyers in Sydney will tell you more and answer your questions.

182 | SMSF Joint Property Acquisitions

07 Oct 2019

Contributed by Lukas

SMSF joint property acquisitions are one way to circumvent a lack of cash within an SMSF as Peter Bobbin of Argyle Lawyers in Sydney will tell you.

181 | SMSF Corporate Trustees

06 Oct 2019

Contributed by Lukas

Most SMSFs have a corporate trustee. In this episode Peter Bobbin of Argyle Lawyers in Sydney will discuss the finer details of corporate trustees.

180 | Income Protection and Trauma

01 Oct 2019

Contributed by Lukas

Income protection insurance is to replace your income while you can't work. But of course there is a lot more to it. We asked Daniel Mikhail of Growth...

179 | TPD Insurance

30 Sep 2019

Contributed by Lukas

TPD insurance covers total and permanent disability for your own or any occupation - Daniel Mikhail of Partners Wealth Group in Sydney.

178 | Life Insurance

29 Sep 2019

Contributed by Lukas

Life insurance looks simple - you are either dead or alive. But there is more to it as Daniel Mikhail of Partners Wealth Group in Sydney will show you...

177 | Investing Super in Property

24 Sep 2019

Contributed by Lukas

Investing super in property is a popular strategy. But how exactly do we do that? We asked Peter Bobbin of Argyle Lawyers in Sydney about the options ...

176 | Insights of a Mentor

23 Sep 2019

Contributed by Lukas

Where do you think most accounting practices struggle the most? Managing people. Edward Chan of Wize Mentoring shares his insights as a mentor to acco...

175 | Consolidation in the Accounting Industry

22 Sep 2019

Contributed by Lukas

The accounting industry is consolidating. In this episode we ask Edward Chan of Wize Mentoring how to survive and grow in this battle of giants.

174 | Practice Management

17 Sep 2019

Contributed by Lukas

Practice management is something we all do but is also the hardest thing we do. So we asked Edward Chan of Chan & Naylor and Wize Mentoring for advice...

173 | Internet Connection

16 Sep 2019

Contributed by Lukas

Most of us need, but very few actually have a fast and stable internet connection. David Lewis of The DLA Group in Sydney will tell you why.

172 | Accounting Futurist

15 Sep 2019

Contributed by Lukas

Accounting Futurist - never heard that term? We were the same. Chris Hooper of Accodex in Adelaide will tell you what an accounting futurist does. And...

171 | App Landscape

10 Sep 2019

Contributed by Lukas

The accounting app landscape is confusing. How do you choose the right app for your practice? Chris Hooper of Accodex in Adelaide discusses the app la...

170 | Accounting Automation

09 Sep 2019

Contributed by Lukas

Just automate everything and put up your feet. Chris Hooper of Accodex in Adelaide puts some reality into this notion.

169 | Telling Cloud Stories

08 Sep 2019

Contributed by Lukas

The cloud is full of stories which Heather Smith captures in her popular podcast 'Cloud Stories'. We asked her for more details.

168 | Writing Xero for Dummies

03 Sep 2019

Contributed by Lukas

Writing Xero for Dummies required a lot of team work. A lot of stress and late nights. Heather Smith will tell you how she wrote 'Xero for Dummies' an...

167 | Accounting Apps

02 Sep 2019

Contributed by Lukas

Accounting apps play a big role in the management of your practice. At least they should. Here is Heather Smith with more.

166 | Small Business CGT Concession Case Studies

01 Sep 2019

Contributed by Lukas

Because examples help, here is Andrew Henshaw of Velocity Legal in Sydney with 5 case studies about the small business CGT concession.

165 | Small Business CGT Concessions for Big Business

27 Aug 2019

Contributed by Lukas

Big business and small business CGT concessions are not meant to meet. But there are ways as Andrew Henshaw of Velocity Legal will show you.

164 | Business Intelligence

26 Aug 2019

Contributed by Lukas

Business Intelligence used to just be for the big end of town. But that is changing. Here is Cameron Lynch of Etani in Adelaide with more.

163 | Payment Gateways

25 Aug 2019

Contributed by Lukas

The easier you make it for your clients to pay you, the faster they will do just that. Here is Tim Hoopmann of Spinn Business Solutions with more insi...

162 | Engagement Letters

20 Aug 2019

Contributed by Lukas

Engagement letters often fall through the cracks. Some practices do them but many practices don't at all. Listen in as Tim Hoopman of Spin Business So...

161 | Death of an SMSF Trustee

19 Aug 2019

Contributed by Lukas

The death of an SMSF trustee is a big event in the life of an SMSF. You either have it all laid out and the aftermath is as smooth as it possibly coul...

160 | SMSF Trustee Responsibilities

18 Aug 2019

Contributed by Lukas

SMSF trustee responsibilities are many and varied. The road is full of roadblocks and pitfalls. You can engage specialists to help you. But in the end...

159 | Cancel a Property Contract in NSW

13 Aug 2019

Contributed by Lukas

There is a huge back door for a buyer to cancel a property contract in NSW. Rani Ghanda of Turnbull Hill Lawyers in Newcastle will show you how.

158 | Process Automation

12 Aug 2019

Contributed by Lukas

Process automation might significantly lift the bottom line of your accounting, tax or advisory practice. Here is Tim Hoopmann with more.

157 | NSW Workers Compensation

11 Aug 2019

Contributed by Lukas

icare administers the NSW workers compensation scheme. Here is Craig McBride of icare with more.

156 | Trust 101 - Part II

06 Aug 2019

Contributed by Lukas

Here is Part II of Paul Goldin's overview of simple mistakes that are easy to avoid but even easier to make - Trust 101 Part II.

155 | Trust 101 - Part I

04 Aug 2019

Contributed by Lukas

Here is a quick overview of simple mistakes that are easy to avoid but even easier to make - Trust 101.

154 | The 2019 Harding Case

30 Jul 2019

Contributed by Lukas

A permanent place of abode no longer needs to be a specific dwelling thanks to the 2019 Harding case.

153 | Shareholder Loan Write Off

28 Jul 2019

Contributed by Lukas

What happens if a shareholder gives a loan to a company and then writes it off? Here is Andrew Henshaw of Velocity Legal with more.

152 | DIV 7A Reform

14 Jul 2019

Contributed by Lukas

What will the upcoming Div 7A reform look like? Andrew Henshaw of Velocity Legal in Sydney gives a good overview.

151 | Div 7A Listener Questions

09 Jul 2019

Contributed by Lukas

Andrew Henshaw of Velocity Legal in Sydney will answer three Div 7A listener questions.

150 | Div 7A UPE Issue

07 Jul 2019

Contributed by Lukas

When does a UPE become a Div 7A UPE? Andrew Henshaw of Velocity Legal in Sydney will give you an answer.

149 | Div 7A Fixes

02 Jul 2019

Contributed by Lukas

Here are 10 easy ways to fix Div 7A issues. This is an edited extract of Tax Talks episode 50 with Peter Adams.

148 | Div 7A Concept

01 Jul 2019

Contributed by Lukas

Div 7A tries to stop cash leaking from private companies to shareholders and associates outside of dividend payments.

147 | Insights of a Tax Lawyer

27 Jun 2019

Contributed by Lukas

The following insights of a tax lawyer will give you hands-on advice how to handle a tax dispute with the ATO.

146 | How Tax Law is Made - Part 2

24 Jun 2019

Contributed by Lukas

In this episode Robyn Jacobson of TaxBanter will walk you through the judiciary (courts) and administrative side (ATO) of our tax law system.

145 | How Tax Law is Made - Part 1

23 Jun 2019

Contributed by Lukas

Australia has three independent arms of government - Legislature - Judiciary - Administration - that shape our tax system.

144 | Tax Simplification

23 Jun 2019

Contributed by Lukas

If we can't reform our tax system, should we try to at least simplify it? Here is Chris Evans of UNSW with some insights.

143 | Tax Reform

19 Jun 2019

Contributed by Lukas

Why is tax reform so hard in Australia? Chris Evans of UNSW looks at tax reform and why this seems to be an insurmountable task in Australia in this e...

142 | RG 146

18 Jun 2019

Contributed by Lukas

RG 146 is a financial regulation issued by ASIC. It lists the minimum training you need to sell financial products.

141 | Export of Services

16 Jun 2019

Contributed by Lukas

When is the export of services GST-free? Here is Simon Dorevitch of A & A Tax Legal Consulting in Melbourne with the answer.

140 | Services Connected with ITZ

12 Jun 2019

Contributed by Lukas

Only services connected with ITZ (indirect tax zone) can possibly be subject to GST. If a service is not connected with ITZ, it can't be a taxable sup...

139 | Incoterms

11 Jun 2019

Contributed by Lukas

Incoterms are pre-defined commercial terms published by the International Chamber of Commerce.

138 | Export of Goods

05 Jun 2019

Contributed by Lukas

When is the export of goods GST-free? Simon Dorevitch of A & A Tax Legal will give you a comprehensive answer.

137 | Indirect Tax Zone

04 Jun 2019

Contributed by Lukas

Without a connection to the ITZ, there is no taxable supply. So the indirect tax zone plays a crucial role in GST land.

136 | ATO Disputes

02 Jun 2019

Contributed by Lukas

It starts with a spark. Something flag's the ATO attention and they commence a risk review.

135 | Power of Attorney and Enduring Guardianship

28 May 2019

Contributed by Lukas

Enduring power of attorney deals with money, assets and wealth, while enduring guardianship deals with medical decisions.

134 | Testamentary Trust Basics

28 May 2019

Contributed by Lukas

Whether a testamentary trust is a good idea or a waste of your time depends on the size of your estate, your intentions and your beneficiaries.

133 | ITAA97 NANE

23 May 2019

Contributed by Lukas

On the 1 July 2018 a new approach to the non-arm’s length concept came to life. Non-arm’s length expenses (NANE).

132 | ITAA97 NANI

21 May 2019

Contributed by Lukas

ITAA97 NANI is overlooked but dangerous. s295-550 ITAA97 doesn't get much limelight but is more dangerous than s109 of the SIS Act.

131 | SIS Act NANI

21 May 2019

Contributed by Lukas

SIS Act non-arm's length income features in pretty much every sole purpose test court case.

130 | Succession and Balance

16 May 2019

Contributed by Lukas

Succession and work-life balance are often put aside and don’t receive much attention.

129 | Strategic Objectives

15 May 2019

Contributed by Lukas

Your strategic objectives give you the road map to achieve your vision. And they allow you to track your progress.

128 | Mission, Vision and Values

13 May 2019

Contributed by Lukas

Your MVV stipulates what you do everyday (mission) to achieve your goal (vision) and how you will get there (values).

127 | Business Advisory

08 May 2019

Contributed by Lukas

Business advisory will allow you to avoid competing on price. Here is Mark Holton of Smithink with more.

126 | Tax Talks Q & A

24 Apr 2019

Contributed by Lukas

This Tax Talks Q & A goes through 10 questions and comments you sent in up to April 2019.

125 | In-Specie Contributions and Payments

03 Apr 2019

Contributed by Lukas

In-specie contributions and payments are complex since you get two transactions "for the price of one".

124 | SIS v Tax Dependants

15 Mar 2019

Contributed by Lukas

SIS dependancy determines who gets your super. Tax dependancy determines the amount of tax payable. Here is Gordon Mackenzie of UNSW with more.

123 | Death Benefit

14 Mar 2019

Contributed by Lukas

A death benefit is any payment your super fund makes after you die. Here is Gordon Mackenzie of UNSW with more.

122 | Labor's Proposed Tax and Super Changes

13 Mar 2019

Contributed by Lukas

Labor wants to change negative gearing, CGT discounts and franking credit refunds. Here is Gordon Mackenzie of UNSW with more.

121 | Age Pension

28 Feb 2019

Contributed by Lukas

Qualifying for the age pension is an arduous exercise. But it can be done. About 75% of Australians at pension age receive some form of age pension - ...

120 | A Fish Rots From the Head Down

04 Feb 2019

Contributed by Lukas

There is a popular proverb that feels harsh but maybe it does because it is true. A fish rots from the head down.

119 | Four Quadrants of Success

28 Jan 2019

Contributed by Lukas

The four quadrants of success or time management are a helpful way to think about your practice. In the international best-selling book called 'The Se...

118 | Get the Foundations Right

23 Jan 2019

Contributed by Lukas

Everybody preaches to get the foundations right. But what does that mean? And how do you do it? John Peterson will walk you through seven things to ge...

117 | Medicare Levy

18 Dec 2018

Contributed by Lukas

Why do we need a separate Medicare levy in Australia? It all goes into the same pool of funds anyway. So why bother?

116 | Property vs Shares

16 Dec 2018

Contributed by Lukas

Property vs shares - how are they taxed differently? Bob Deutsch, Senior Tax Counsel of The Tax Institute, pursues this question.

115 | Life and Remainder Interest

11 Dec 2018

Contributed by Lukas

A life and remainder interest is often used in a testamentary setting. Here is Michael McCarthy of Tax & Super Australia with more.

114 | Deceased Estate

10 Dec 2018

Contributed by Lukas

A deceased estate entails a myriad of legal and tax questions. Here is Michael McCarthy of Tax & super Australia with the answers.

113 | Binding Death Benefit Nomination

09 Dec 2018

Contributed by Lukas

Binding death benefit nominations are an important part of SMSF succession. Daniel Butler of DBA Lawyers will tell you more.

112 | SMSF Succession

06 Dec 2018

Contributed by Lukas

How does SMSF succession work? Daniel Butler of DBA Lawyers in Melbourne gives a helpful overview and shares quite a few war stories. Here is what we ...

111 | Implementation of the MLI

05 Dec 2018

Contributed by Lukas

Australia started implementation of the MLI in 2017. Simon Dorevitch of A & A Tax Legal Consulting will tell you in this episode how this actually wor...

110 | Multilateral Instrument

04 Dec 2018

Contributed by Lukas

The multilateral instrument is to stop base erosion and profit shifting. Here is Simon Dorevitch of A & A Tax Legal Consulting with more.

109 | Base Erosion and Profit Shifting

02 Dec 2018

Contributed by Lukas

Multinational base erosion and profit shifting harms Australia through lost tax revenue. Here is Simon Dorevitch of A & A Tax Legal Consulting with mo...

108 | Early Stage Innovation Companies

29 Nov 2018

Contributed by Lukas

Investors in ESICs receive generous tax concessions. Here is Simon Dorevitch of A & A Legal Tax Consulting with more.

107 | Changes to the R & D Tax Incentive

28 Nov 2018

Contributed by Lukas

In May 2018 the government announced the changes to the R&D tax incentive in its 2018/19 Federal Budget. Simon Dorevitch of A & A Tax Legal Consulting...

106 | Review of Small Business Tax Concessions

27 Nov 2018

Contributed by Lukas

The Board of Taxation is currently reviewing Australia's small business tax concessions. Here is Dr Mark Pizzacalla with more details.

105 | Board of Taxation

27 Nov 2018

Contributed by Lukas

Chances are the Board of Taxation has featured in your work before. But what does the Board actually do? Here is Dr Mark Pizzacalla with the answer.

104 | Accountants' Exemption

22 Nov 2018

Contributed by Lukas

The accountants' exemption might come back soon. There are rumours that the government is working on a new accountants' exemption. In which form and n...

103 | Financing Aged Living

21 Nov 2018

Contributed by Lukas

How do you finance aged living? John Saunders of The Pittwater Partnership gives you a helpful overview.

102 | Aged Living

20 Nov 2018

Contributed by Lukas

How do we support aged living in Australia? John Saunders of The Pittwater Partnership will walk you through the options.

101 | Master of Taxation

19 Nov 2018

Contributed by Lukas

Did you ever think about doing a Master of Taxation? If yes, this episode is for you. Michael Walpole of UNSW will give you a helpful overview.

100 | Ethics and Tax

18 Nov 2018

Contributed by Lukas

Ethics and tax is not something you intuitively put together. But when you think about it you deal with it every day. We wanted to know more and asked...

99 | Taxation of Goodwill

08 Nov 2018

Contributed by Lukas

Does the taxation of goodwill follow accounting concepts? Here is Michael Walpole of UNSW with an answer.

98 | Top 10 SMSF Hot Spots July to October 2018

08 Nov 2018

Contributed by Lukas

The top 10 SMSF hot spots for July to October 2018 cover a wide range of topics. Here is Miranda Brownlee of SMSF Adviser.

97 | Trust Income Streaming

06 Nov 2018

Contributed by Lukas

Trust income streaming is a popular feature of discretionary and hybrid trusts. It means allocating capital gains or franked dividends separate from t...

96 | Taxation of Trusts Div 6 ITAA36

05 Nov 2018

Contributed by Lukas

The taxation of trusts mainly lives in the 'old' ITAA36. The plan was to re-write and reform Australia's tax laws but this is yet to happen. In the ep...

95 | Family Trust Elections

04 Nov 2018

Contributed by Lukas

Family trust elections play an important role but are not a one-size-fits-all solution. Paul Mackenroth of Cleary Hoare in Brisbane will tell you more...

94 | Revocable Trusts

30 Oct 2018

Contributed by Lukas

Section 102 of ITAA36 about revocable trusts is an anti-avoidance provision. Paul Mackenroth of Cleary Hoare in Brisbane will explain why you should a...

93 | New Safe Harbour for Directors

25 Oct 2018

Contributed by Lukas

The new safe harbour for directors will change the insolvency culture in Australia. Ben Sewell of Sewell & Kettle has worked a lot around insolvency a...

92 | Phoenix Activity

17 Oct 2018

Contributed by Lukas

Phoenix activity is a common phenomenon in the Australian tax ecosystem. It is something everybody has heard of in the insolvent space. But what is it...

91 | Trust Structure

16 Oct 2018

Contributed by Lukas

Choosing the right trust structure is an important step to effectively manage and administer wealth. Here is Paul Mackenroth of Cleary Hoare with more...

90 | Set Up a Discretionary Trust

15 Oct 2018

Contributed by Lukas

When you want to set up a discretionary trust, how do you actually do that? Who needs to be involved and who does what? Paul Mackenroth of Cleary Hoar...

89 | Duties of Trustees

11 Oct 2018

Contributed by Lukas

A trust is a fiduciary relationship between the trustee and beneficiary over trust property. And that relationship is defined by rights and duties - o...

88 | TRIS to Retirement Phase

09 Oct 2018

Contributed by Lukas

When moving a TRIS to retirement phase, does it matter when you notify the trustee? Meg Heffron of Heffron SMSF Solutions has the answer.

87 | When a Member Dies

09 Oct 2018

Contributed by Lukas

When a member dies, there is a lot to deal with in the aftermath - including the member's SMSF. Here is Meg Heffron with the details.