Tax Schools Seminar NTAA's 2021 - NTAA Face to Face
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NTAA's 2021
Tax Schools Seminar
NTAA Face to Face
Presented by
Day 1: James Deliyannis & Rebecca Morgan
Day 2: Andrew Gardiner & Michael Gilmour
on behalf of the NTAA
NTAA's 2021 Tax Schools Day 1
Face to Face
NEW Developments Affecting ATO Releases NEW Landmark Other NEW Developments
the 2021 ‘I’ Return Rulings for Claiming Travel Expenses for Individuals
Changes and NEW labels for the 2021 ‘I’ return Identifying when to claim travel expenses for daily travel Major changes affecting the super contribution rules
r NEW reporting labels for instant asset write-offs and overnight travel r NEW eligibility requirements introduced for making
r Proposed private health insurance changes create r Making the right distinction between deductible and super contributions from 1 July 2020
NEW disclosures on the ‘I’ return non-deductible travel under the ATO’s NEW guidelines r Government extends access to the ‘bring forward rule’
r NEW pre-filling information introduced for 2021 r NEW ATO 'rule of thumb' on when a second work for non-concessional contributions
Dealing with key danger labels on the 2021 ‘I’ return location becomes a regular place of work Latest ATO guidelines for identifying which taxpayers
r A step-by-step guide on how to avoid the traps with r When can travel claims be made for employees posted may be carrying on a rental business
reporting business losses on the ‘I’ return interstate for two, four, six, etc., months? r An NTAA GUIDE on when a taxpayer is likely to be
r ATO extends its real-time messaging system to target r ATO introduces NEW 21 to 90-day test to identify carrying on a business of letting rental properties
more labels on the return whether an employee is living away from home r When is a taxpayer carrying on a business of providing
r Find out how to avoid reporting traps on the ‘I’ return Practical case studies illustrate when travel claims can short-term accommodation (e.g., through Airbnb)?
for deceased estate distributions to individuals be made in common travel scenarios NEW developments for Australians working overseas
Major developments affecting individuals using their r Employees regularly travelling interstate to visit clients r RECENT Tribunal decisions highlight the residency
home for work or business or offices of the same employer dangers for taxpayers working overseas
r NEW ruling potentially allows ‘on-call’ employees r Employees travelling on extended work assignments r NEW ATO guidelines highlight the tax obligations for
working from home to claim interest, rates, etc. r Apportioning travel claims under NEW ATO guidelines individuals stranded in Australia and overseas
r ATO extends NEW 80 cents per hour method for home r Are foreign individuals temporarily in Australia for
office claims – Which claim method should clients use? The ATO’s 2021 Audit Targets more than 183 days considered to be residents?
r NEW Court ruling highlights the dangers with claiming for Individuals
the CGT concessions for home-based businesses Latest Developments Affecting
Recent Tribunal decision highlights major traps with Latest ATO assault on work-related expense claims Rental Properties
claims for utility vehicles (‘utes’) r Major ATO crackdown on clothing, laundry and car log
book claims – What are the common traps to look out for? r LATEST ATO guidelines for claiming holding costs
r Find out why claims on the ‘I’ return for utes can be
r Recent Tribunal decisions highlight common dangers r What deductions can landlords claim during rent-free
problematic and how to avoid common traps
with certain work-related expense claims or reduced rental periods?
r Dangers with collecting/delivering work tools, supplies,
r How to correctly claim land tax deductions for landlords
etc., while travelling between home and work Tax Practitioner’s Board (‘TPB’) set to attack tax agents
receiving land tax relief (including deferrals)
Government increases the Small Business Income Tax claiming excessive deductions for clients
r The correct tax treatment of back payments of rent,
Offset (‘SBITO’) from 1 July 2020 r Major traps for tax agents who claim deductions based
insurance for lost rent and rent relief grants
r Who is eligible to claim the increased SBITO? on verbal client statements and signed declarations
r NTAA step-by-step guide on what tax agents should
r Find out how to maximise claims for the increased
do in order to verify deductions claimed for clients
The Tax-effective Guide for
SBITO on the 2021 ‘I’ return for eligible clients
NEW Court ruling attacks employee claims for work ATO targets interest claims for rental properties Employees who Lose their Job
items not required by an employer r Which interest claims are considered high risk? r Maximising access to the ‘whole of income cap’ for
r Why was the employee not allowed to claim work r NTAA CHECKLIST on whether interest deductions can employment termination payments
tools and equipment used at work? be claimed in many common scenarios r When can deductions be claimed for legal fees in
r Are deductions for work expenses now only available Personal super contributions in the ATO’s firing line recovering unpaid employee entitlements?
where there is an employer requirement? r Increased ATO focus on personal contribution claims r When can self-education expenses be claimed?
Tribunal highlights the dangers for directors who claim before and after making a super withdrawal r Find out how to generate substantial savings for
legal expenses – Which directors are mostly affected? r ATO embarks on major data matching exercise employees with salary packaged cars
NTAA's 2021 Tax Schools Day 2
Face to Face
What’s NEW for Major Developments for PSI and Key Developments for
Business in 2021? Contractors in the 2021 Income Year Trusts in the 2021 Year
Major changes announced to business tax returns in 2021 Recent decision confirms major ‘backflip’ with the PSI RECENT decision highlights massive pitfalls with trust
r NEW disclosure requirements for SBE and non-SBE rules and the IT industry distributions after an ATO audit adjustment
clients claiming immediate write-offs for assets r Court decision highlights major traps with IT consultants r Case confirms problems with bucket companies used
r What are the NEW reporting requirements for passing the unrelated clients test as a default beneficiary after audit adjustments
companies claiming the loss carry-back concessions? r Can IT consultants who operate through recruitment r Does using a bucket company as a default beneficiary
r NTAA checklist provides a snapshot of key changes agencies satisfy the unrelated clients test? ensure audit adjustments are taxed to the company?
to business returns in the 2021 income year Update on applying the PSI rules to clients operating in r NTAA guide to the do’s and don’ts associated with
ATO releases long awaited Ruling on taxation of the medical industry using default beneficiaries and trust income
professionals (e.g., accountants, lawyers, engineers) r How is the unrelated clients test applied for medical Recent decision creates a setback for trusts distributing
r When will a professional client be considered ‘high practitioners receiving Medicare payments? capital gains to non-resident beneficiaries
risk’ under the NEW compliance guidelines? r How does the unrelated clients test apply to locum r Court decision confirms nasty surprises for Australian
r When will a professional client satisfy the NEW doctors being engaged by a medical clinic? trusts distributing capital gains to non-residents
‘commercial rationale’ requirement? Case highlights super guarantee (‘SG’) pitfalls for medical r Case forces a rethink on Australian trusts distributing
r We'll take you through the NEW factors the ATO has practitioners engaged through service agreements capital gains to non-residents
introduced for assessing high risk taxpayers r Court concludes that a doctor is an ‘employee’ for SG r NTAA guide to the do’s and don’ts associated with
NEW temporary deductions for business investment in purposes under a services agreement trusts distributing to non-resident beneficiaries
depreciating assets becomes law! r What clauses are likely to result in an employment Important decision highlights perils of beneficiaries
r Which assets are eligible for the NEW immediate arrangement arising for SG purposes? claiming deductions against trust income
write-off deduction concessions? r Decision confirms pitfalls with a beneficiary lending
r Last minute amendments allow taxpayers to apply the Who’s in the ATO’s money interest-free to their discretionary trust
concessions on an asset-by-asset basis! Audit ‘Firing Line’ in the 2021 Year? r Important checklist of issues to consider for
r Can SBE taxpayers defer an outright deduction for beneficiaries claiming deductions against trust income
closing pool balances of less than $150,000? ATO announces audit taskforce for small business
Recording and paying stimulus payments (e.g., r Which industries are being targeted by the ATO under Year-End Tax Planning Strategies
JobKeeper) from companies and trusts these NEW audit guidelines? for Business in 2021
r How do companies and trusts disclose the receipt of r ATO announces expanded focus on payments under
stimulus payments when preparing financial accounts? a taxable payment reporting scheme Tax planning opportunities with the NEW business
r How are tax-free stimulus payments recorded when Recent decision attacks ‘mum and dad’ partnerships investment concessions for 2021
they are paid out to beneficiaries and shareholders? r AAT concludes that a husband and wife partnership r Taxpayers have unparalleled flexibility with depreciation
r NTAA guide to financial reporting and tax return did not exist for tax purposes deductions for the 2021 year
disclosures for entities receiving stimulus payments r What factors were detrimental to the arrangement r When should a business taxpayer not apply the business
not being considered a partnership? investment concessions?
Update on Single Touch Payroll ('STP') measures for
r What’s now needed to confirm that a mum and dad r NTAA case study shows how a business taxpayer saves
family businesses
partnership exists for tax purposes? $’000s by making the right choices
r Which family businesses will be required to report
using STP from 1 July 2021? AAT confirms massive tax bills for taxpayers operating Maximise SBE concessions and save clients $’000s
r What are the reporting options for family businesses in cash-based industries r Maximise access to cashless deductions for SBE
under STP from 1 July 2021? r AAT confirms default assessments for taxpayers taxpayers in the 2021 income year
r What are the 'phase 2' changes for STP reporting from operating in the cash economy r NTAA checklist provides a comprehensive list of key
1 January 2022? r What does a taxpayer need to produce to challenge year-end planning opportunities for SBE clients
a default assessment that is issued by the ATO?2021 Tax Schools Face to Face 2021 Tax Schools Face to Face Seminar Face to Face Cost and Registration
Seminar Registration Form Dates and Venues Registration: Between 8.00am and 9.00am
No. of Delegates Duration: 9.00am to 5.00pm
This document will be a tax invoice for GST when fully Adelaide
completed and you make payment to the National Tax & Cost: (incl. comprehensive notes, tea and coffee on
Hilton Adelaide, 233 Victoria Square, Adelaide arrival, lunch, morning and afternoon tea)
Accountants’ Association Ltd. NTAA’s ABN: 76 057 551 854
Day 1: 27 May 2021 (Thur)............................ _____ Members of the NTAA
NTAA Membership No.__________________________ CANCELLED DUE TO
Day 2: 28 May 2021 (Fri). .............................. _____
VIC LOCKDOWN One delegate
Firm ___________________________________ Brisbane $569 (incl. GST) per day
Hilton Brisbane, 190 Elizabeth Street, Brisbane Group discount
Address ___________________________________
Day 1: 31 May 2021 (Mon).............................
CANCELLED DUE TO _____ If more than one delegate from the same practice attends
___________________________________ VIC LOCKDOWN
Day 2: 01 June 2021 (Tue)............................ _____ under the one registration, a discount will apply to the second
State_____________ Postcode__________ Day 1: 21 June 2021 (Mon)............................ _____ and subsequent delegates. The first delegate pays the full
Day 2: 22 June 2021 (Tue)............................ _____ registration fee.
Telephone No. ( )____________________________ First delegate
Melbourne
Facsimile No. ( )____________________________ Crown Towers, 8 Whiteman Street, Southbank $569 (incl. GST) per day
Each additional delegate
Delegate 1 ___________________________________ Day 1: 28 June 2021 (Mon)........................... _____
$525 (incl. GST) per day
Day 2: 29 June 2021 (Tue)........................... _____
Date of attendance_____________________________ Pricing example: Day 1 Delegate 1 – $569, Additional Delegates $525
Perth
Email address_________________________________ Day 2 Delegate 1 – $569, Additional Delegates $525
Crown Perth, Great Eastern Highway, Burswood
Please note: Day 1 and Day 2 are separate NTAA seminars
Please tick to have a vegetarian meal______________ Day 1: 14 June 2021 (Mon). ...........................
CANCELLED DUE TO _____
VIC LOCKDOWN Non-Members of the NTAA
Day 2: 15 June 2021 (Tue)............................ _____
Delegate 2 ___________________________________ One delegate*
Rosehill
$669 (incl. GST) per day
Date of attendance_____________________________ Rosehill Gardens Racecourse, James Ruse Drive, Rosehill
Group discount
Day 1: 24 June 2021 (Thur).......................... _____
Email address_________________________________ If more than one delegate attends under the one registration,
Day 2: 25 June 2021 (Fri)............................. _____ a discount will apply to the second and subsequent delegates.
Please tick to have a vegetarian meal______________ Sydney The first delegate pays the full registration fee.
Note: Please photocopy where more than two delegates. Doltone House, Jones Bay Wharf, Piers 19-21 Level 3, First delegate*
Charge for seminar attendees $___________ 26-32 Pirrama Road, Pyrmont $669 (incl. GST) per day
Day 1: 07 June 2021 (Mon). ..........................
CANCELLED DUE TO _____ Each additional attendee*
Charge for online seminar $___________ VIC LOCKDOWN
Day 2: 08 June 2021 (Tue)........................... _____ $625 (incl. GST) per day
Total (incl. GST) $___________ (Note(*): Registration includes 3 months full membership)
Vegetarian Meals Pricing example: Day 1 Delegate 1 – $669, Additional Delegates $625
Provide credit card details or send cheque
Vegetarian meals are available as an option at no extra cost. Day 2 Delegate 1 – $669, Additional Delegates $625
r Mastercard r Visa r Amex If you prefer a vegetarian meal, simply tick the box under the Please note: Day 1 and Day 2 are separate NTAA seminars
delegate name on the registration form.
Card No. _________________________________
Expiry Date _________________________________
Name on Card_________________________________ Register via website: Register via email:
ntaa.com.au ntaainfo@ntaa.com.au
Signature _________________________________
National Tax & Accountants' Association Ltd.
Register via phone: 29-33 Palmerston Crescent, South Melbourne, Vic. 3205
Please retain this original document as your tax invoice Register via post:
1800 808 105 Tel: 1800 808 105
29 Palmerston Cres
NTAA’s Privacy Policy and Collection Notice sets out how or via fax: Web: ntaa.com.au
Sth Melbourne VIC 3205
we collect and deal with your personal information. 1300 306 351 Email: ntaainfo@ntaa.com.au
ABN: 76 057 551 854
You can access those documents at ntaa.com.au/privacy
If you have any other queries please call 1800 808 105Confirmation of Booking BONUS Day 1 Seminar Software About the Presenters
Bookings will be confirmed via email, fax or mail – please Deduction FINDER Day 1
include your email address for a speedy reply. In a client meeting, you will have the FINDER on your James Deliyannis
Please Note: You must ensure that you receive written computer screen walking you through every deduction
James has over 30 years of dedicated tax experience
confirmation of your booking, otherwise you may not be available for their occupation. and devotes countless hours to preparing practical and
booked into the seminar and may have to provide credit This software: professional seminar notes and presentations
card details at registration. If you do not receive written
provides every deduction (we can think of) for every
confirmation within 72 hours of submitting your order,
occupation; and
Rebecca Morgan
please contact us. Rebecca has over 20 years tax experience and has also
prompts practitioners so that every claim is
worked for the ATO as a Manager of Aggressive Tax Planning
maximised and correct.
and also managed a number of general audit projects.
Day 2
CPD/CPE Hours BONUS Day 2 Seminar Software Andrew Gardiner
Each day provides up to 6.5 CPD/CPE hours. Benchmark Minder Andrew has over 30 years of dedicated tax experience
MINDER has been developed to compare figures and this allows him to give an extremely practical insight
in tax returns against industry benchmarks, so you to tax issues.
can tell clients immediately whether they “PASS” or Michael Gilmour
“FAIL”. Basically, it:
Michael has over 20 years experience in tax. His past
Special offer to Non-Members automatically calculates whether a client’s experience entails Corporate Tax at two of the Big 4 firms.
Please call and discuss the $100 per day seminar discounts performance is within the industry benchmarks;
which are available to members of the NTAA for a low annual informs a client if they “FAIL” and it calculates
fee of only $330, which includes a 12 month subscription to estimated audit adjustments; and
the monthly newsletter Voice, 3 FREE 10 minute telephone
pre-populates precedent letters that can be handed
calls to our tax advisers plus discounts on any NTAA product.
or forwarded to clients.
Cancellations or Transfers
It's necessary to charge a fee when confirmed bookings (see
Vegetarian Meals below) are cancelled. However, a substitute participant will
Noise & Recording Policy Vegetarian meals are available as an option at no extra be accepted. If a substitute is not nominated, a cancellation
Attendees should be aware that in agreeing to attend the seminar, cost. If you prefer a vegetarian meal, simply tick the fee of $99 per delegate per day will be applied.
they must abide by the NTAA Noise Policy which specifically box under the delegate name on the registration form.
prohibits noise distraction to attendees and presenters. Cancellations
More than 5 full working days before the seminar:
The NTAA reserves all rights to photograph, film or otherwise cancellations incur a $99 administration fee.
record the seminar, and seminar attendees consent to being
Within 5 working days of the seminar:
photographed, filmed and/or recorded. Any unauthorised
photography, audio or video recording of any performance at the
no refunds will be available for cancellations, although
seminar is strictly prohibited. Any person who fails to adhere to this a full set of notes will be provided.
condition agrees to delete any such unauthorised photograph or Transfers
recording and that they may be asked to leave the seminar venue. More than 2 full working days before the seminar:
a credit for the amount charged may be transferred to
Register via website: Register via email:
ntaa.com.au ntaainfo@ntaa.com.au any other advertised NTAA seminar without incurring
the $99 administration fee.
Within 2 working days:
If you have any other queries please call 1800 808 105 Register via phone:
1800 808 105
Register via post: transfers incur a $99 administration fee.
29 Palmerston Cres The NTAA reserves the right to cancel or reschedule courses,
or via fax:
Sth Melbourne VIC 3205
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