Tax, Super, Trusts: The Latest
Issues covered include: COVID-19, Division 7A, Asset protection, estate planning, superannuation
Description
Now more than ever do you need to have the latest information for your clients. Covid-19 measures have had resounding impacts on tax positions, superannuation reporting and estate planning and asset protection considerations. One morning, 3 CPD hours, easily available online from your desk or device. Get your essential update.
This event offers 3 CPD hours and meets the qualifying CPD requirements of CAANZ, CPA, IPA and FASEA.
Please note to count towards the minimum 28 hours of licensee approved CPD hours, your licensee is required to approve this event.
Chair: Russell Reid, Director, Business Advisory & Superannuation, Nexia
9.00am to 9.45am: COVID-19 Measures, Div 7A and End of Year Prep: 2020’s Essential Tax Update
- Covid 19 measures and their impact
- Division 7A changes: Where are things at?
- What you should be doing now to prepare for 30 June and beyond
- Other recent developments
Presented by Kaylene Hubbard, Tax Partner, KPMG
9.45am to 10.30am: Protecting Assets with Trusts: The What, Why and How
- Discretionary trust strategies and outcomes
- Asset protection considerations in discretionary trusts
- Insolvency considerations
- The application of the Bankruptcy Act 1966
- Clawback mechanisms for trustees
- Practical issues and pitfalls
- The “Foreign Persons” legislation and trust amendments
- CGT assets, taxing beneficiaries and children, gifts, land tax, stamp duty and more
- Estate planning and succession inside and outside the will
- Effectively utilising a testamentary trust
- Inter vivos trusts and effective succession planning
- Tax and family provision considerations
Presented by Stephen Lynch, Director, Somerville Legal; Accredited Specialist in Wills & Estates Law; Recommended Wills, Estates & Succession Planning Lawyer, and Recommended Wills & Estates Litigation Lawyer, Doyle’s Guide 2018
10.30am to 10.45am: Morning Tea
10.45am to 11.30am: Estate Planning for SMSFs: What You Need to Know
- Impacts to SMSF from COVID-19
- Taxation, asset transfers and timing
- The importance of documentation
- Having the conversation with your clients
- Working with other professionals (a team approach)
Presented by Kathy Evans, Senior Partner – SMSF, Findex
11.30am to 12.15pm: Super Contributions: Latest Advice for Your Clients
- The basics: super guarantee, concessional, non-concessional contributions
- Total Super Balance
- The downsizer contribution
- Carry forward contribution
- Spouse contributions, contributions splitting
- Small business retirement exemption
- Potential issues
Presented by Simon Robinson CFP LRS, Financial Adviser, RSM Financial Services Australia
Learning Outcomes:
- Hear the latest tax updates including COVID-19 measures and Div 7A changes
- Get the most recent advice on super contributions
- Understand changes around estate planning for SMSFs
- Clarify your knowledge on using trusts for asset protection