This on-demand session is available to watch instantly after purchase at the time of your choosing and will expire within 12 Months of purchase.
Date recorded: February 2024
Trusts are a common tax structure that practitioners deal with everyday. It is easy to get complacent as we just roll forward tax treatments year on year. The ATO are wary of trust structures and have adopted a compliance centric approach that may draw unwanted attention to our clients and could open up more scrutiny of everyday trust matters that we take as a given.
This session will provide a review of the trust fundamentals with an emphasis on ATO focus areas.
Topics Covered:
- Overview of trust components
- Trust Deed analysis
- Present entitlement and getting it wrong
- Who gets taxed?
- Trusts in tax structures for tax planning
- Common mistakes
- ATO hot topic areas
Benefits and Learning Outcomes:
The attendees will understand the trust and tax laws reasons for undertaking certain tasks for clients and implication for getting it wrong.
Meet your speaker, Lisa Greig
Lisa Greig is a fellow practitioner with small business clients. She balances her time between running her own practice and sharing her extensive knowledge and experience to all levels of the profession.
Her sessions always focus on practical insights, having firsthand understanding of the issues and frustrations facing public practice and matters important to clients.
Lisa presents the annual TAG sessions in Victoria and WA as well as sessions on specific areas that are changing or attracting the attention of regulators.
