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Tax & Business Services Basics Online Workshop 2025

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Because trial and error is not a strategy

Fast track the trial & error learning curve
Cut down the review time spent on errors
Active workshop style learning

A 3-Part Live Instructor Led Online Workshop

Tax & Business Services Basics tests your team’s knowledge in an online, workshop style training environment. This is active learning where participants work through real client issues.

Cut down the review time spent on errors and help your team think for themselves, dig deeper, and ask the right questions.

Often team members are not confident to ask the questions that really count - or worse, they are simply unaware of the gaps in their knowledge. This workshop aims to change that.

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AU $429 members
AU $506 non-members

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Register Team*

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AU $1,078 members
AU $1,265 non-members

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Total 6 CPD Hours

Details & details

Dates
Friday, 21 February 2025
Monday, 24 February 2025
Friday, 28 February 2025

Time
11:00am - 12:30pm/1:00pm AEDT
10:30am SA
10:00am QLD
9:30am NT
8:00am WA

Login to access discounted member rates or register a team.

*Office Registrations. Maximum 10 participants per firm (must have same email domain). The CPD hours for all attendees will be recognised and links will be provided to all attendees.

"It was really detailed and well planned, the case studies are created to make you slip up to show how easy it is to overlook things."

2024 Online Workshop Participant

What we cover

Tax & Business Services Basics tests your team’s knowledge in an online, workshop style training environment. This is active learning where participants work through real client issues.

What's included?

  • 3 x 2 hour (est.) online workshop sessions
  • Reference notes
  • Exercises and exercise answers
  • Ability to ask questions throughout

A Note to Managers...

Tax & Business Services Basics is designed to show your team why technical skills will only take them part of the way. We demonstrate why a job does not start and end with just their technical knowledge.

At each stage we’ll show your team how to avoid bad habits and do it the ‘right way’:

  • How to make sure that nothing is missed
  • Why they can’t always rely solely on what the client tells them
  • Avoiding the spread of bad habits among team members
  • Giving your team the confidence to challenge the way things have always been done
  • Using a checklist as best practice and to assist you with an ATO audit
  • Teaching your team how to resolve an issue
  • Why clear and precise workpapers are so important

Then, join us for the nest stage, Tax & Business Services series, Tax & Business Services Intermediate.

2

Session 2: Understanding the trial balance

You will analyse and work through a sample trial balance. We then walk you through:

  • Converting the trial balance into something meaningful
  • Why it’s important to verify every asset and liability
  • Transacting with related parties and what to look for
  • Getting the trial balance to a point where your manager can review it
  • SBE eligibility and when clients can use the SBE concessions.
  • Temporary tax depreciation incentives
  • The opportunities to look good and deliver an advantage to your client
  • Is there a Div. 7A issue?
  • Taxes on employment and recognising that different taxes tax different things
  • Contractors - what the Commissioner is targeting
  • Why what your client tells you is not always right
1

Session 1: Getting the 'I' return right

So, you think you know everything about ‘I’ returns? We cover the gaps and pitfalls to make sure those tax returns are done correctly. What drives your manager insane and what you should be picking up.

  • Conducting a client interview - what to say and what not to say
  • Preparing an ‘I’ return - with particular attention to trouble spots such as:
    • Understanding income from different investments (e.g., managed funds)
    • What happens when your clients cross borders?
    • Rental property tips and target areas including deductions that are now limited and what the ATO is targeting
    • Legally maximising deductions - what clients can claim & when you are pushing the boundaries
    • Travel expenses - when you can use the Commissioner’s daily rates
    • Claiming car expenses
    • Self-education deduction amendments and the ATO's new guidance
    • Working from home deductions - why using the ATO's fixed rate isn't as easy as it used to be
    • When can a deduction be claimed against an allowance
  • Recognising and managing ATO target areas
  • When a deduction can be claimed for business losses
    • Contrasting the rules for individuals and partnerships with those for companies and trusts (including the loss-carry back rules)
3

Session 3: The BAS from scratch

Together we'll prepare a BAS manually, without software, so that your team

  • Understand the various sections and labels on a BAS
  • Recognise the difference between income for GST purposes and PAYG instalment income
  • Learn why tax codes are so important when using software
  • Gain some tips to reduce the risk of an ATO review

"Meaningful and really helpful."

2024 online workshop participant

Our presenters

Director, Peninsula Accounting & Tax

Craig Rosen

PofileCraigRosen

Craig was previously a business services Director of Hayes Knight in Sydney. His trajectory to Director at a relatively young age is testament to his capacity to understand client needs and get the job completed. 

Craig has now launched his own successful practice and continues to bring clarity and understanding in a field that is often complex and difficult to navigate.  

Having trained CPA Australia members and private organisations, Craig is also a stickler for detail - there really is nothing that gets past him. He knows how work needs to be completed and will ensure that participants share this knowledge.

Tax Training Team Leader, TaxBanter

Karen Vella

Karen Vella R 2

Karen has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight as a Partner, then solidifying her role as an educator at Webb Martin (Kaplan) before creating her own consultancy.

She has worked her magic on leading accounting practices around the country and is a trainer for leading in-house training company TaxBanter and Knowledge Shop.

Terms & Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Knowledge Shop Pty Ltd's written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Knowledge Shop Pty Ltd may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Knowledge Shop Pty Ltd reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Knowledge Shop Pty Ltd directly, with all requests to be considered on a case by case basis by Knowledge Shop Pty Ltd in its absolute discretion.

The General Terms and Conditions can be accessed here.