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All events South Australia Local Tax Club

Local Tax Club - Adelaide

March - November | 5 part series

 

 

The latest tax knowledge, hot topics and local networking

Being part of your Local Tax Club will keep you on top of the latest tax knowledge, enable connections with peers in your local community and provide you with the opportunity to extend your own professional and personal network.

Each session features a specialist tax topic presented by a subject-matter expert, and a monthly tax update to keep you abreast of Australia’s ever changing tax legislation.

  • Connect with local peers and discuss the latest knowledge over breakfast
  • Hear the latest in quintessential tax topics such as division 7A, superannuation, CGT and more, from subject-matter experts
  • Stay abreast of what's happening with a monthly tax update on all the latest cases
  • Gain nifty resources, stronger connections, and all the latest knowledge in tax

Our flexible registration options mean you can register for the full series or just select the sessions you wish to attend. You can also get your team involved with a company subscription and send a different person to each session.

Register for your Local Tax Club today! Gain nifty resources, stronger connections, and all the latest knowledge in tax.

To register for a single session please complete the registration form on the brochure and email to customeradmin@taxinstitute.com.au

Venue: Majestic Roof Garden Hotel - 55 Frome Street, Adelaide

1.5 CPD hours | Refreshments included

 

Event Details

Individual - Single session - November

$ 100 - Member

$ 100 - New member*

$ 150 - Non member

Contact us
Download Brochure
  • When20-March-2024 - 26-November-2024
  • FormatFace-to-face
  • CPD Hours7.5 (1.5 per event)

Program

20 March 2024 | 5:30 PM - 7:00 PM | 1.50 CPD hours

A detailed update of the application of Fringe Benefits Tax exploring the tips and traps for employers and their 

advisors including:

  • Refresher of the application of the FBT Assessment Act
  • Recent developments
  • FBT reductions and exemptions, including the electric cars exemption
  • Common errors and misconceptions
  • Structuring and implementing effective salary sacrifice arrangements.

Speaker: Raoul Stevenson, CTA, Nexia Edwards Marshall

Tax update presenter: Stewart Watts, Nexia Edwards Marshall

21 May 2024 | 5:30 PM - 7:00 PM | 1.5 CPD hours

 

This session will cover the intricacies of the main residence exemption, a pivotal aspect of income tax legislation that can significantly impact a person's most valuable asset—their main residence.

We will explore the nuances of this generous exemption including its burdensome qualification criteria and how particular actions or inactions can result in the loss of the exemption in whole or in part.

Our presenters will cover the following key topics:

  • Unlocking income potential from a main residence
  • Strategies for preserving the exemption during demolition or subdivision
  • Navigating succession and deceased estate issues, and
  • Understanding the impact of absences, particularly for foreign residents.

Speakers: Roy Abbas, CTA, Perks, Rhett Fraser, Perks 

Tax Update Presenter: Lee Jurga, Perks

30 July 2024 | 5:30 PM - 7:00 PM | 1.5 CPD hours

Understanding the intricacies of family trust elections is crucial, especially considering the complexities surrounding the definition of the 'family group' and the concept of 'distributions.' Misinterpretation of these rules can lead to unintended tax consequences, particularly the triggering of the family trust distribution tax. Family trust distribution tax, if triggered, is a debt that is not subject to a review period and for which the entity (which makes the distribution), together with the individuals who are directors or trustees, can be jointly liable. Therefore, it is important that advisers understand the concepts of ‘family group’ and ‘distributions’.

This session will delve into:

  • The ramifications of FTE or IEE
  • Instances mandating FTE or IEE
  • Prerequisites for a valid FTE or IEE, including considerations for testamentary trusts and the 'family control' test
  • Unpacking the concept of 'distributions'
  • Identifying individuals and entities constituting the 'family group'
  • FTDT liability attribution
  • Facilitating trust succession to the next generation.

Speaker: Simon How, CTA, Bentleys

Tax Update Presenter: Steven D’Annunzio, Bentleys

24 September 2024 | 5:30 - 7:00 PM | 1.5 CPD hours

Applying GST to property development transactions can be complex, often catching clients off-guard and impacting their budgets and plans. It's crucial for both large-scale and smaller developers to understand these implications to avoid unexpected expenses. In this session, Anna will equip you with the knowledge to safeguard your clients from unforeseen GST issues in property development. Key topics to be covered include:

  • Margin Scheme
  • Change in creditable purpose
  • Mum and dad development what can go wrong
  • Registered or required to be registered; and
  • GST withholding at settlement.

Speaker: Anna Chong, CTA, KPMG

Tax Update Presenter: Stefan Bratis, KPMG

26 November 2024 | 5:30 - 7:30pm | 1.5 CPD hours

As superannuation rules continue to evolve, the question arises: is maintaining a SMSF still beneficial? This session delves into unique advantages of SMSFs, which may not be available in Industry or Retail superannuation options, including:

  • Contribution strategies: Explore innovative approaches, such as recontribution strategies
  • Private investments: Understand the potential for greater returns along with the associated risks
  • Property ownership: Discover the best methods for property investment within an SMSF
  • Benefit and pension strategies: Learn how to optimize your benefits and pension plans.

Additionally, the session will provide an update on the latest developments regarding the new Division 296 tax ($3 million threshold tax).

Speaker: Shirley Schaefer, BDO

Tax Update Presenter: Nick Wilkins, CTA, Wilkins Advisory

       

Register now

 

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