Webinar Recording - Year End Tax Planning

As another financial year comes to an end, it is time to ensure that appropriate steps are being taken to manage the tax position of clients and ensure that they are not paying more tax than they have to.

In this Webinar, Year End Tax Planning, Tax Director, Michael Carruthers, from Knowledge Shop covers some of the key year-end tax planning strategies and how to make sure that they are implemented properly.

Michael will also cover some of the steps to follow to prevent unintended tax consequences from arising, including issues regarding penalty tax rates applying to trust income and managing Division 7A loan agreements and repayments.

The Webinar covers a range of tax planning topics including:

• measures to be taken to claim a deduction for certain expenses this financial year;
• Whether income can be deferred into a future year;
• Taking advantage of specific concessions, such as the prepayment rules;
• Taking advantage of the increased instant asset write-off rules that have just passed through Parliament;
• Managing Trust Distributions; and
• Identifying “loans” that fall under Division 7A.

• 12/08/2021 - Webinar Recording - Introduction to Family Trusts - the basics

• 23/07/2020 - Webinar Recording - Distributing Capital from Family Trusts

• 12/05/2020 - Webinar Recording - Stimulus measures and year-end tax planning for companies and trusts

• 5/12/2019 - Webinar Recording - Dealing with Mistakes and Variations in Family Trust Deeds

• 23/10/2019 - Webinar Recording - Accessing Company & Trust Documents in Family Law

• 1/08/2019 - Webinar Recording - Small Business Tax and Financial Risks

• 2/05/2019 - Webinar Recording - Year End Tax Planning

• 13/03/2019 - Webinar Recording - Superannuation: Current status of the proposed changes

• 27/11/2018 - Webinar Recording - Fixing Family Trust Deeds

• 16/10/2018 - Webinar Recording - The who, what, when & how of Family Trust Elections

• 12/09/2018 - Webinar Recording - You’ve Been Served! - How to deal with a family law subpoena

• 8/08/2018 - Webinar Recording - Beneficiary Entitlements in Trusts

• 6/06/2018 - Webinar Recording - SMSF End of Year Essentials

• 19/04/2018 - Webinar Recording - Unit Trust v Family Trust - Which is Better for Investing?

• 8/03/2018 - Webinar Recording - Do Pre-Nups Work Anymore?

• 13/12/2017 - Webinar Recording - When a Will is not Simple

• 26/10/2017 - Webinar Recording - Winding Up Trusts and Tax Consequences

• 19/09/2017 - Webinar Recording - Untangling Discretionary Trusts – A Family Lawyer’s Perspective

• 23/08/2017 - Webinar Recording - Time to Address the SMSF Sleeper - Estate Planning within the fund

• 20/06/2017 - Webinar Recording - Navigating Small Business Restructure Roll-overs

• 6/04/2017 - Webinar Recording - Dealing with Divorce - An Accountant’s Perspective

• 23/02/2017 - Webinar Recording - Understanding the 2017 Superannuation Changes

• 1/12/2016 - Webinar Recording - Estate Planning Basics for Professional Advisers

• 17/11/2016 - Webinar Recording - Are Family Trusts “Done” as an Asset Protection Tool?

• 13/10/2016 - Webinar Recording - Demise of the Accountants’ Exemption - Walking the line, post 1 July 2016

• 13/09/2016 - Webinar Recording - Family Trust v Family Court - Not a marriage made in Heaven

• 10/08/2016 - Webinar Recording - Managing Trust UPEs - How to do it and potential tax exposures

• 31/05/2016 - Webinar Recording - How does the 2016 Budget affect SMSF Trustees?

• 3/05/2016 - Webinar Recording - Avoiding Business Disputes

• 30/03/2016 - Webinar Recording - Pitfalls that SMSF Trustees should avoid

• 23/02/2016 - Webinar Recording - Asset Protection - Dealing with Risk in Hard Times

• 9/12/2015 - Webinar Recording - Trusts Revisited

• 28/10/2015 - Webinar Recording - Know Thy Business Structure

• 23/09/2015 - Webinar Recording - Social Media in the Workplace

• 27/08/2015 - Webinar Recording - The Powers and Problems of Trustees

• 28/07/2015 - Webinar Recording - Tips and Traps for Property Investment in your SMSF

• 27/05/2015 - Webinar Recording - Companies - Things you should know, but probably don’t!

• 21/04/2015 - Webinar Recording - The Pros and Cons of Unit Trusts

• 11/03/2015 - Webinar Recording - Employee Engagement and Share Plans

• 18/02/2015 - Webinar Recording - SMSFs and Related Party Loans

• 19/11/2014 - Webinar Recording - Trusts - Asset Protection on Peptides

• 15/10/2014 - Webinar Recording - Maximising your Business Value

• 25/09/2014 - Webinar Recording - Project Do It - ATO Amnesty Information Session

• 10/09/2014 - Webinar Recording - Private Company Cash - Division 7A Complications for Professional Advisors

• 6/08/2014 - Webinar Recording - Employee v Contractor

• 4/06/2014 - Webinar Recording - The Protected Super Myth’Conception

• 8/04/2014 - Webinar Recording - Trust Tax Issues and CGT Small Business Concessions

• 11/02/2014 - Webinar Recording - Accountant Road Rules for Super

• 19/11/2013 - Webinar Recording - Are you Ready for Bullying in the Workplace?

• 2/10/2013 - Webinar Recording - Investment Restrictions for Self Managed Superannuation Funds

• 5/09/2013 - Webinar Recording - All About Family Trusts

Presenter Michael Carruthers

Tax Director - Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group's national tax committee. Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.

He is a member of the advisory panel for the Board of Taxation and was an expert panel member for the Board of Taxation's review of tax impediments facing small business.