End of Financial Year Tax Planning – Power Pair of recorded webinars

This Power Pair comprises 2 popular EOFY tax planning recorded webinars from the last few months.

Webinar 1: End of Financial Year Tax Planning with an Eye on the Anti-avoidance Rules

With the busy tax season fast approaching, now is the time to consider tax planning options available to assist clients prior to the end of the financial year. This session takes a look at strategies to assist with the planning, along with guidance on when the ATO may consider tax planning could cross over to the realm of the anti-avoidance provisions, including:

• Tips and traps when using the deferring of income as a tax planning strategy
• Prepayment of expenses:
  • The tax treatment
  • Issues to consider if the prepayment is solely tax driven
• A bad debts and trading stock tax planning refresher
• Tips to:
  • manage and maximise the benefits of accumulated franking credits
  • accelerate depreciation claims
• Is definitely committing to associated directors fees/bonuses pre 30th June an effective tax deferral option? (Sec. 82 KK ITAA 1936)
• Tax planning involving capital gains, including:
  • how Part IVA can apply if triggering offsetting capital losses (TR 2008/1)
  • utilising “catch-up” concessional superannuation contributions and the conditions to meet to ensure the deduction
• Options available if tax planning uncovers that an alternative business structure may achieve a more favourable tax outcome moving forward
• Checklist of tax planning options to consider

Webinar 2: End of Financial Year Tax Planning for Annual Trust Distributions

With the continual flow of ATO guidance material on the distributing of trust income, and with numerous recent cases on the topic, it has never been more important to ensure the annual trust distribution resolution holds up under scrutiny. This session is designed to assist, including:

• Why tax-effective distribution decision-making needs to be married up with a real and genuine consideration for the potential beneficiaries. (Owies v JJE Nominees Pty Ltd [2022] VSCA 142)
• Tips to assist with:
  • defusing the section 100A time bomb
  • managing distributions to corporate beneficiaries (Bendel v FCT [2023] AATA 3074 - on appeal)
• How streaming of capital gains can result in unintended outcomes and tips to assist with ensuring the desired outcome is achieved
• When a family trust election may be beneficial to the annual distribution, along with a review of the short-term benefits versus the long-term consequences of making the election
• How the annual distribution resolution can impact on eligibility for the small business CGT concessions for both the current and future years
• Practical examples of trust distribution resolutions for varying situations
• Tips to consider if the annual trust distribution is no longer achieving the tax effectiveness that another structure may provide
• A checklist to cover off on annual trust distribution requirements

SPECIAL PURCHASE OFFER – MAY SALE

This pair of recorded webinars would usually cost $539, but as part of our May Sale Offer you can buy the pair for only $330 if you order by 31.5.25.