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From battlefield to boardroom – lessons for emerging and current leaders

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William Gooderson retired from the Royal Engineers aged 31 at the rank of Major after a career including active deployment in Afghanistan. 
Now at PwC, he is a regular presenter and coach on leadership skills.

At the upcoming 2018 Emerging Leaders Seminar in Brisbane, he will share his tips and insights into the leadership skills he developed through the course of his military service and explain how he has transitioned these same skills into his current role.

We speak to him about what to expect in this post.

William said “It may not seem obvious beyond the clichés, but there are a number of lessons that you can take from the frontline around leadership and relate them to the corporate environment. I’ll be explaining some of them in my keynote address.”

“There are traits of leadership that are applicable to everyday life. I’ll be covering some of them, as well as how to use personal experience to learn and develop in the art of leadership.”

Covering the Seven Traits of Leadership, William…

4 secrets to sailing through disruption in tax

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Tax expert reveals his secrets to managing change and disruption.
Andy Milidoni, Partner at Johnson Winter & Slattery and CTA3 Advisory lecturer at The Tax Institute, has been practicing tax for almost 20 years across all aspects of revenue, law and trusts; including indirect and direct taxes, GST, stamp duty, land taxes, as well as income tax and international tax.
Legislation. Regulatory changes. Digital transformation. Globalisation.
It’s clear that tax is an evolving profession.
Andy reveals 4 secrets to managing that change and disruption.
1. Be on top of legislation
Let’s face it – the law is never static; it is always changing, being interpreted or redefined, as regulators strive, with varying degrees of success, to ensure that the law constantly reflects changes in society itself.
“First of all, you do need to be on top of recent developments; not only the legislative requirements, but also case law,” says Andy.
But having said that, he says that if you commit to a proce…

WIT National Congress sneak peek: is great leadership a juggling act?

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A preview of this year’s Women in Tax Congress National Congress.
One of the greatest challenges for both emerging and established leaders is juggling the stress and health issues that can arise during their leadership journey.
In an article by Business Insider, Australia’s Biggest Mental Health Check-In study used data from 3,500 employees across 41 organisations from a range of industries, and was conducted by mental health technology group Medibio.
Results show that one third of program participants were suffering from some form of mental illness, with 36% suffering from depression, 33% from anxiety, and 31% from stress.
“The manner in which we all live, work and interact has changed radically … to the detriment of our mental health,” says psychologist Peta Slocombe, the Check-in program Creator and Medibio senior vice president of Corporate Health.
“And yet organisational approaches to mental health have not kept pace.”
Slocombe adds that depression is estimated to cost Australia $12.6…

What tax leaders need to be serious about

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Sarah Dewar, Associate at Cooper Grace Ward Lawyers, says she chose tax as a career, on a full-time basis, about three or four years ago.

“Prior to that, I'd been in commercial litigation, so I had a broad range of disputes that I worked with, and tax disputes were one of them,” she explains.

“As it just naturally happened, I really enjoyed the work that I was doing with tax disputes, and made it a full-time career choice.”

Sarah says that when she’s dealing with clients that have tax problems, she really enjoys getting involved in their businesses, learning about “what makes them tick, and what doesn't,” and “the changes that the tax laws have on people's businesses,” to provide the best advice. Great leadership – in a nutshell “I think there are a few things that a key leader in the tax profession needs to implement, and the first one, I think, is consistency,” says Sarah.

She says that tax leaders need to be consistently excelling at their specialty that they've cho…

Part IVA and Restructures

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A number of tax measures have recently been introduced, or are in development, with the aim of removing the attractiveness of particular structures from a tax perspective, for example, the hybrid mismatch rules.

With the potential for harsh consequences, many taxpayers are now looking at altering their existing arrangements to limit their exposure.

At 2018’s National Resources Tax Conference, Andrew Broadfoot, QC (Victorian Bar) presents the session ‘Part IVA and Restructures’, looking at the impact of these measures, and how to assess and address the risks arising under Part IVA.

We spoke to him about some of the issues facing advisers in this post.

“There is very considerable uncertainty about how Part IVA may apply, or be sought to apply, in any given set of facts. This is particularly tricky where Part IVA potentially interacts with other anti-avoidance or integrity provisions.” he said.

“The interaction between Part IVA and restructures, where restructures are done to avoid adve…

Making sense of the menu of small business CGT concessions

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The Federal Government announced proposed amendments limiting the application of the small business CGT concessions in the 2017-18 Budget.

Earlier this year, Exposure Draft legislation and explanatory material was released by the Government, with the Bill passed by the House and currently before the Senate.

These proposed measures would reduce access to the small business CGT concessions for taxpayers disposing of ownership interests in companies and trusts significantly.

For a client looking to restructure or considering an exit through a business or share sale, the compliance costs and complexities associated with determining eligibility for those concessions are already high and, if passed, the proposed amendments to Div 152 will undoubtedly add to the existing complexity – and with retrospective effect.

At the 26th Noosa Tax Intensive in November, Leanne Connor, CTA, (WGC Business Advisors) presents the session ‘Making sense of the menu of small business CGT concessions’, whe…

Recent decisions on valuations and briefing experts

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Across all Australian jurisdictions, the concepts of "value", "unencumbered value" and "market value" are of core importance to the operation of the duty laws.

This is because transfer duty is levied on the higher of consideration paid or market value of the property transferred - see for instance s11(7) of the Queensland Duties Act.

More recently, ever since the decision in Lendlease expanded the concept of consideration for stamp duty purposes, it has become increasingly common to have to value the consideration given to determine if the value of the consideration exceeds the value of the dutiable property.

At July’s 18th Annual States' Taxation Conference in Melbourne, John Middleton, CTA (Clayton Utz) presented the session ‘Recent decisions on valuations and briefing experts’, and his paper is excerpted in this post.

John’s paper noted that it is probably true that "unencumbered value" is functionally equivalent to "market value&q…