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Tasmanian Convention 2022

Published on 08 Sep 2022 | Took place at Hotel Grand Chancellor, Hobart, National

The theme of our Convention this year was the distinction between the taxation LAW – that is, the black-letter laws and regulations on the statute books, as interpreted by the Courts and Tribunals, and the taxation LORE – that is, what taxpayers, their advisers, and the Commissioner believe the law is or perhaps would like it to be.

It has always been thus, but lately the Commissioner has signalled a more revenue centered approach to the interpretation of legislation. This has provoked no little controversy in the tax profession, particularly among advisers to small and medium sized enterprises.

We trust that our thought-provoking array of presentations on both tax and broader economic issues will assist our members and our clients, as the Australian community moves into the next phase of what have been, and will continue to be, uncertain times.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Tax Writeoffs V Accounting Writeoffs

Author(s):  Stuart Glasgow

This paper covers the issues to be considered and possibly some unintended consequences of legislation.

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Keynote address: The LAW and the LORE

Author(s):  Paul SOKOLOWSKI

This paper cover the Convention theme as illustrated by PCG on income of a professional practice.

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Is land tax a ticking time bomb for your client?

Author(s):  Matthew Pawson

This paper covers the potential land tax traps where terms such as ‘Principal Place of Residence’ and ‘Primary Production Land’ operate differently for Tasmanian land tax purposes as opposed to federal taxes.

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Cryptocurrency and Non-Fungible tokens

Author(s):  Jacqueline McGrath

This paper covers a basic understanding of terms that we need to know – blockchain, cryptocurrency, NFTs – and explore the tax issues that will undoubtedly need to be considered in the near future.

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Tax, Policy & Advocacy update

Author(s):  Julie Abdalla,  Robyn Jacobson

This presentation covers an update on the key advocacy activity and further insight into current hot policy topics.

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Keynote presentation: State of the State Economic update

Author(s):  Cedric Hodges

This presentation covers an update on the local, national and global economic outlook.

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Tax consolidations for SMEs

Author(s):  Simon HOW

This papers covers:

  • work through common SME examples where tax consolidation helps you achieve effective outcomes for your clients
  • simply explain the consolidation calculation, the issues which can arise in the calculation and how to manage them
  • explore strategies to help your client move to a consolidated structure without tax cost through navigating CGT rollovers
  • cover how to manage tax losses in consolidation to ensure you don’t lose access to them, and
  • address issues to consider when setting your client up for a company sale to ensure it is attractive to a purchaser.
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