Description
Please note:- Online webinar only
This webinar covers all GST: Business structures, ABNs, registration, making supplies, making acquisitions, exports and imports, paying GST, claiming credits, tax invoices, adjustment notes, accounting records, lodging BASs. The webinar presents the latest law and ATO tax rulings. Delegates familiar with GST will get up to speed on the latest developments. Delegates new to GST will become skilled in the topic.
Comprehensive course notes are provided, and an ample quesion and answer session.
Our presenter is the highly credentialled Dr Peter Klomp, Chartered Accountant, Chartered Tax Advisor, Barrister and Chartered Company Secretary. Probably the most qualified and experienced person in this field anywhere in Australia.
Overview and General Principles of GST
Understanding the Broad GST Equation. Quick Look at Current Registration Rules and Issues. Advertising and Incorporating GST-Inclusive Prices. Identifying GST When Drafting Contracts.
Understanding Different Business Structures
Explanation of the Differences Between Sole Traders, Partnerships, Companies and Trusts. ABNs for Entities that are Not Separate Legal Entities. ABNs and how Different Business Structures Quote ABNs.
Supplies, Acquisitions, Importations, Adjustments
Understanding Taxable Supplies and Importations. Creditable Acquisitions and Creditable Purpose. Reimbursements vs Payments by Employees + Agents. Importations: Goods for Home Consumption.
Special Rules for Special Circumstance Transactions. Adjustment Events and Changes in Creditable Purpose. Latest ATO Rulings and Determinations on GST.
GST-Free and Input-Taxed Supplies
Definitions of GST-Free versus Input-Taxed Supplies. Health, Education, Child-Care, Exports, Charities, Water and Sewerage, Going Concerns, Transport, Precious Metals, Duty-Free Shops, Crown & Farm Land.
Financial Supplies, Residential Rent and Premises.
Accounting, Documentation and the BAS
Cash versus Accrual Accounting for GST Purposes. Attribution Rules: Supplies, Importations, Acquisitions. Tax Invoices and Adjustment Notes Requirements. Completing and Lodging a Current BAS.
Correcting and Revising an Earlier BAS - How To.
GST Interaction with Other Taxes and Costs
GST and FBT: Gross-up Rates, Special FBT Rules. GST and Salary Packaging: Packaging Credits. GST and Payroll Tax and Workcover Premiums
Presenters
Dr Peter Klomp
Dr Klomp is a probably the most highly qualified and experienced person in this field. He holds four university degrees, is a practising barrister at the NSW Bar, a registered legal practitioner in three states, a Chartered Accountant, a Chartered Taxation Adviser and a Chartered Company Secretary. Dr Klomp is a member of the NSW Bar Association; CA (Aust & NZ); Institute of Chartered Secretaries (Governance Australia) and the Tax Institute of Australia. Dr Klomp has had 40 years' experience in employment, business and taxation law in Australia and overseas, and is in constant demand to provide professional advice and speak at seminars and conferences.
Terms & Conditions
AISWA Professional Learning - Webinar PL Event
Detailed Webinar event T&Cs here. Below is an overview only.
Webinar event conditions
- Attendance/access: For a paid AISWA-hosted webinar, only registered pre-paid users will be provided with access details. The school of any member attendee can access attendance data.
- Free public webinar: For a free AISWA-hosted webinar, the link is in the public domain and can be shared. Fully registered members (via the AISWA website) will have PL attendance recorded.
- Privacy disclaimer: Webinars may be recorded by AISWA. Attendees have the right to privacy but must take responsibility to notify the event organiser of their intention prior to the start of the event and turn off their camera/microphone. Attendee names will be visible to other attendees. NB: This condition was acknowledged during event registration.
- Attendee swaps: This is acceptable. The organiser must be notified. There are conditions.
- IT Acceptable Use Policy: Compliance with this policy for the use of the AISWA Teams platform and AISWA website is required.
- Payment Conditions: Price includes GST. All transactions are cashless. Registration is confirmed when payment is received.
- Cancellation: Cancellation is without charge up to the Cancellation Permitted date. Cancellations via this website. Late cancellations or failure to attend will incur full cost. Please refer any issues to the Event Organiser. AISWA retains the right to cancel a webinar. Attendees will be notified by email. Payments already received will be refunded.
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Segments
Webinar Event
Date / Time
17 Sep 2020 Starts: 08:30 Finishes: 11:30Delivery Format : Webinar