Friday, 29 November 2013

The importance of making time for yourself

I made comments recently on people becoming time-poor. I attended a presentation recently where I was reminded of the importance of making time for yourself. It is during this time that you review your successes and shortcomings. While your successes provide a boost for your ego, your greatest satisfaction comes when you reflect on what you have done wrong, learn from the experience, and change. I find that my best work comes from when I have time to think, time to collect my thoughts and energy. I escape on my bike or on a trek. I find me, I find energy, and I find inspiration. I hope each of you do likewise in your own way. When you take this time for yourself, it is when you are most open to change and new ideas. You listen, you hear and you grow. So much for words of wisdom. A president’s role covers a lot!

I recently had the privilege of attending the Tasmanian State Convention and the state council monthly meeting. The convention and team work were impressive. Tasmania may have our smallest membership base, but the convention achieved the highest attendance rate of any state as a percentage of state-based membership. There is a small group of hard working members guiding CPE that is relevant for Tasmania’s Tax Institute membership. Well done.

On a final note, our national convention is in Hobart on 26 to 28 March 2014 — don’t miss it. The program looks excellent, and you can’t beat Tasmania as a place to visit.

Stephen
Westaway
Stephen Westaway is President of the National Council at The Tax Institute.

The Tax Institute is 
Australia's leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Thursday, 28 November 2013

Insight into Offshore Banking Units

Ultan McDonald
We sit down with Ultan McDonald from CBA to chat about the session he’ll be co-presenting with Tony Frost, CTA, Greenwood & Freehills, at the upcoming Financial Services Taxation Conference in February 2014 on the Gold Coast.

Born in Ireland Ultan McDonald first arrived in Australia in 1985 and immediately joined the booming (and just deregulated) banking industry. He has spent most of his career in Markets with CBA and have been primarily based in Sydney with stints in Melbourne and London. He is married to Sally and has a daughter, Louisa.

How long have you been affiliated with The Tax Institute?

Peripheral affiliation only and only over the last 7 years.

What is the topic that you are presenting at the Financial Services Taxation Conference?

Offshore Banking Units.

What can attendees expect to learn from your session?

Hopefully they’ll gain a practical insight in to matters OBU.

What new or hot topics will you cover?

Recently proposed and then deferred changes to OBU rules.

How will attending your session help delegates help their clients?

It should help attendees explain the “on/off” approach to OBU rules over the last 9 months.

Which other sessions at the conference are you most interested in attending? 

FATCA.

What do you like to do when you’re not knee-deep in tax?

I try to get knee deep in money (but am only ankle deep after 50 years!).

Ultan is presenting at the Financial Services Taxation Conference 19-21 February 2014 on the Gold Coast on Offshore Banking Units. 

The session will cover issues like:
  • How are OBUs currently being used? Does OBU really stand for “only barely usable”?
  • Can we compete against Singapore and other financial centres?
  • What reforms would make OBUs more useful and competitive to both Australian and foreign-owned institutions?
  • What changes (good and bad) to the OBU rules are likely to emerge from the previous government’s 2013-14 Budget announcements?

2014 Financial Services Taxation Conference
The 2014 Financial Services Taxation Conference is the flagship event in the financial services taxation calendar and attracts practitioners and in-house tax advisers from across Australia to discuss current issues within the financial services area.

Find out more about the conference and register now.

Wednesday, 27 November 2013

Voices from history: Judy Sullivan

Voices from history: Judy Sullivan
Judy Sullivan, CTA is a Tax Partner, PWC.

How long have you been a member of The Tax Institute?

I’ve been a member of The Tax Institute ever since I started my career…back in the dim dark 80s!

How has the Institute changed in that time?

The extent of interaction with the tax office…it’s a two way process now. It used to be more about the tax profession versus the tax office and now it’s so much more integrated. On the committees you find that you’re interacting with the ATO a lot and when you’re looking at something as complex as the tax system, it’s important to understand their perspective.

Do you have a message for the Institute on it’s 70th anniversary?

Happy Anniversary! It’s the platinum anniversary for the 70th. I think some of the qualities of platinum are lustrous and malleable and very resistant to wear and tear and tarnish…I think that’s a good thing for The Tax Institute because what we’re looking for is something really relevant going forward. As far as the members of the Institute are concerned, I encourage them to really get in there, and get involved.

70 years supporting the tax profession
In 2013, The Tax Institute is celebrating 70 years of supporting the tax profession.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Tuesday, 26 November 2013

New income tax cases update

Joanne Dunne, CTA
We sit down with Joanne Dunne, CTA, Partner at Minter Ellison Melbourne to chat about the session she’ll be presenting at the upcoming Financial Services Taxation Conference in February 2014 on the Gold Coast.

Joanne is both Australian and New Zealand qualified and advises clients in both jurisdictions. She has been affiliated with The Tax Institute for a decade.

What does the Financial Services Taxation Conference mean to you, and more broadly, to the tax industry?

It’s the only specialist conference where tax specialists in this industry sector get together.

What is the topic that you are presenting at the Financial Services Taxation Conference?

Case Law Update.

What can attendees expect to learn from your session?

Attendees will be given an overview of the income tax cases in the Federal Court and above since the last conference, including statistics on win/loss ratio for the Commissioner and taxpayer, & any trends in the Courts. Overseas cases of interest to this industry will also be highlighted.

What new or hot topics will you cover?

This is a case law update – so new income tax cases will be considered. Interesting and relevant cases from overseas will also be canvassed.

How will attending your session help delegates help their clients?

It will ensure they are up to date with the very latest case law.

Which other sessions at the conference are you most interested in attending?

The first day which focuses on BEPS – very relevant to future domestic policy.

What do you like to do when you’re not knee-deep in tax?

I am a runner & have done 13 half marathons (slowly, and not all in one hit).

2014 Financial Services Taxation Conference
The 2014 Financial Services Taxation Conference is the flagship event in the financial services taxation calendar and attracts practitioners and in-house tax advisers from across Australia to discuss current issues within the financial services area.

Find out more about the conference and register now.

Monday, 25 November 2013

Institute advises government on unenacted tax measures

The Government is currently deciding which of the 64 remaining unenacted tax measures it will adopt and progress through to law.

As I reported last week, The Tax Institute provided advice to the Treasurer, Assistant Treasurer and the Board of Taxation on the key priority measures that we strongly recommend be progressed through Parliament by 1 July 2014.

After extensive consultation with members, these measures are:

  • Capital Gains Tax – look-through treatment for earn out arrangements;
  • Consolidation – operation of rules following a demerger;
  • Debt/equity tax rules – limiting scope of integrity rule; 
  • GST cross-border transactions – ‘connected with Australia’ rules; and
  • Administration of GST system - multi-party transactions & grouping rules.

In addition, there are several measures in the list of 64 that have been announced for the purpose of providing improvements and necessary corrective action/care and maintenance to the taxation system that should still be addressed at a later stage:

  • Loss recoupment rules;
  • Simplified imputation system;
  • Further CGT provisions;
  • Further Consolidation measures;
  • Further GST measures; and
  • Taxation of not-for-profits.

In determining its tax agenda, there are other consultations on foot not listed which we strongly urge the Government to continue with, in particular the modernisation of the taxation of trust income in Division 6.

You may access our complete submission.

The Government will reveal which measures survive the purge by the end of the year with the release of the Mid-year Economic and Fiscal Outlook statement.

Robert Jeremenko
Robert
Jeremenko
Robert Jeremenko CTA is Senior Tax Counsel of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Friday, 22 November 2013

Sharing your success stories

This month, we’re celebrating our member’s success stories. Have one you want to share with us?

Look out for our success stories

Keep an eye out for some of our new candidate and employer success stories in this journal and other publications. It’s great to see some of our very own go on to achieve their goals, and help us promote the CTA1 Foundations and CTA2 Advanced courses.

CTA Program – choose the level that meets your needs

Enrolments for all of our Chartered Tax Adviser Program courses for study period 1 in 2014 are now open.

The program provides different levels of dedicated tax education to meet the needs of all tax professionals. The courses — CTA1 Foundations, CTA2 Advanced, and CTA3 Advisory Exam — build on each other to produce tax advisers with the professional tax skills and acute commercial skills to join our growing international network of Chartered Tax Advisers.

Summer sale

Our annual summer sale launches in mid-November. Keep an eye out for the launch email in your inbox. We’ll be offering great savings across our range of books, journals, CPD on DVD, and more.

Taxation in Australia – are you reading your journal online or on your iPad?

Written by practitioners for practitioners, Taxation in Australia is continually ranked as Australia's leading tax journal. You can now access the latest issue of your journal in print, on your iPad, or online with our new digital edition.

Celebrating 70 years

As the Institute’s 70th anniversary celebrations begin to wind down, don’t miss the final article in our series detailing the founding of the Institute. This month, we look at how the Institute and Australia’s tax system evolved during the 1990s and into the first decade of the new century.

Noel Rowland
Noel
Rowland
Noel Rowland is Chief Executive Officer of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Thursday, 21 November 2013

Tax deferred distributions

Antoinette Elias, CTA
We sit down with Antoinette Elias, CTA from EY to chat about the session she’ll be presenting at the upcoming Financial Services Taxation Conference in February 2014 on the Gold Coast.

Antoinette is the Oceania Asset Management Sector Leader at EY and a Tax Partner advising clients in the FS industry. She has 29 years of experience as a tax advisor, has been affiliated with The Tax Institute for over 25 years and is married with 3 children aged 19, 24 and 26.

What does the Financial Services Taxation Conference mean to you, and more broadly, to the tax industry?

It’s the pre-eminent conference for tax professionals and practitioners in the Financial Services Industry.

What is the topic that you are presenting at the Financial Services Taxation Conference?

Tax Deferred Distributions.

What can attendees expect to learn from your session?

The latest developments in relation to the taxation implications of making tax deferred distributions.

What new or hot topics will you cover?

The industry’s view and the ATO’s view on the treatment of  tax deferred distributions.

How will attending your session help delegates help their clients?

The session will cover a technical analysis of the relevant rules, as well as cover the practical issues.

What do you like to do when you’re not knee-deep in tax?

Catching up with family and friends. Enjoying my rose garden. Shopping.

2014 Financial Services Taxation Conference
The 2014 Financial Services Taxation Conference is the flagship event in the financial services taxation calendar and attracts practitioners and in-house tax advisers from across Australia to discuss current issues within the financial services area.

Find out more about the conference and register now.

Wednesday, 20 November 2013

Voices from history: Gil Levy

Gil Levy, CTA is a Tax Partner with MGI Sydney.

How long have you been a member of The Tax Institute?

I've been a member since 1974, I think … it seems a long time ago! I was president from 2003 to 2004.

How did the Institute evolve during your time as president?

Externally at the time I was president there was talk about regulation of the profession, which has since turned into the Tax Agent Services Act in recent times. That’s been going now for about ten years. We were concerned about becoming a recognised professional association so that members could become tax agents.

A lot of time and effort was put into what we needed to do to change the way the organisation operated so it could qualify. That brings you to structured education, exams and qualifications.

After I ceased my term as president we set up an examinations board and study group, the start of what became the structured education program and has extended most excitingly to the Chartered Tax Adviser qualification.

Do you have a message for the Institute on it’s 70th anniversary?

Congratulations on making it! There’s not many organisations these days that would last in its basic format and its message for that long. I think I've seen the Institute grow in significance over the time I've been a member.

In the 70s, it was a boy’s club that used to go up to Terrigal and talk about tax and have a bit of a party. It’s now recognised as the premier body for professionals involved in taxation and I think it’s essential for anyone in this industry to be involved with the Institute.

It’s a peculiar organisation in a sense that professionals who compete come together and talk about everything they’re doing. That’s a practical trait of the Institute that I find very attractive.

70 years supporting the tax profession
In 2013, The Tax Institute is celebrating 70 years of supporting the tax profession.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Tuesday, 19 November 2013

Strengthening the case for policy and tax reform

We sit down with Prof. John Freebairn from the University of Melbourne to chat about the session he’ll be presenting at the upcoming Financial Services Taxation Conference in February 2014 on the Gold Coast.

John Freebairn holds the Ritchie Chair of Economics at the University of Melbourne. His research interests include the analysis of policy reform options for taxation, with publications in Australian economics and taxation journals. He has provided advice on taxation reform to the Labor and Coalition parties of the commonwealth and to the Victorian government.

What does the Financial Services Taxation conference mean to you, and more broadly, to the tax industry?

The conference is an opportunity to discuss with actual taxation practitioners some of the challenges and options for reforming Australia’s taxation system to support a more productive economy, to improve equity and to provide revenue for the likely growing expenditure programs of the commonwealth, state and local governments.

What topic are you presenting?

I’ll be giving an overview of (a) the case for tax reform, (b) building on from the Henry Review, a broader and more comprehensive set of potential tax reform options for the medium term and (c) some speculation on the path to political strategies to achieve actual tax reform.

What can attendees expect to learn from your session?

An overview of the Henry Review of 2010, with additional consideration of reforms involving the GST and taxation of superannuation. Posing some priorities for consideration by the new government’s proposed reviews of taxation and of federal-state financial relations.

What new or hot topics will you cover?

The case for taxation reform has to be strengthened, and with more thought on the criteria to assess different reform options. A broader base and higher GST rate as part of a tax package to replace state stamp duties and to lower income tax rates, especially at the lower end. Review of options to replace the current hybrid mess of different taxes on different investment and saving options. The processes for achieving political support for taxation reform, and then investment of political capital in selling to the community reform options, are important topics requiring more thought.

How will attending your session help delegates help their clients?

Taking another look at the big picture case for tax reform.

Which other sessions at the conference are you most interested in attending?

Most, and in particular international tax issues.

What do you like to do when you’re not knee-deep in tax?

Family and friends, gardening and tennis.

2014 Financial Services Taxation Conference
The 2014 Financial Services Taxation Conference is the flagship event in the financial services taxation calendar and attracts practitioners and in-house tax advisers from across Australia to discuss current issues within the financial services area.

Find out more about the conference and register now.

Monday, 18 November 2013

Our submission on unenacted tax measures

Last week The Tax Institute responded to the Government’s request for advice on the remaining 64 unenacted tax measures.

In doing so, we focused on determining "whether there are any unintended consequences from not proceeding with the measures or whether there are compelling reasons why the measure should proceed". That is, whether there is good reason for keeping a measure other than to provide certainty and efficiency and prevent taxpayers from having to unwind transactions.

Further, the Government has committed to provide legislative protection to a taxpayer who has self-assessed and factored in an announced measure that will not proceed. There is also a promise of an entitlement to a refund where a taxpayer has complied with a previously announced measure and paid tax accordingly and the announced measure does not proceed.

With these conditions in mind, we identified only the priority measures that we strongly recommend be progressed through Parliament by 1 July 2014. In doing so, we have considered the harm that may be suffered by taxpayers should certain measures not be proceeded with and whether there is an appropriate administrative solution to the issue the measure is intended to address.

You may access our complete submission.

Thank you to those members, including of our expert technical committees, who provided invaluable assistance in poring over the measures with a view to providing advice to the Government in such a short period of time.

Tax professionals solidly support the Government’s efforts in rolling up its sleeves and getting into the mire of the tax law backlog.  It’s a dirty job but thankfully the Coalition Government has put its hand up to be the one to do it.

By culling the majority of the tax announcements, the Government can focus its efforts on legislating the key tax priority issues and injecting much-needed certainty into the tax system.

We must never again allow such a build-up of unenacted tax laws. Tax professionals stand ready to assist the Government in this regard through ongoing, increased engagement on tax policy design.  We both share the goals of a simpler, more equitable and more efficient tax system.

Robert Jeremenko
Robert
Jeremenko
Robert Jeremenko CTA is Senior Tax Counsel of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Friday, 15 November 2013

Valuing Volunteers

This month, our president Steve Westaway discusses the importance of The Tax Institute’s volunteers and engagement with its members.

I’d like to say I have a lot to report, given our election is over and our new government is formed, but I haven’t. I am waiting like everyone else. Our key ministers are still putting their advisers in place and prioritising government business.

The Tax Institute, like many other bodies and taxpayers, is waiting to learn the state of play. Which of the 120-plus announced but unenacted measures are to stay? What measures will be proceeded with and which election promises will be prioritised? I sincerely hope we don’t get a set of draft releases on Christmas Eve.

My role as president has not solely been around tax policy and advocacy. It involves all aspects of The Tax Institute’s strategy and operations. As I have said regularly, the Institute’s strength comes from both volunteer engagement and member willingness to participate in Institute activities. The Institute regularly receives feedback from its members and through external surveys. We continue to rank on all measurements as a leading, successful member body. This doesn't mean we stop at that. As a member body, we are constantly seeking better ways to engage with our members. Be that the way we communicate with members through email, print, our iPad app, LinkedIn and Twitter, or the way we engage with our volunteers.

Our national and state councils have been participating in projects to look at ways to continue to grow this success. We recognise that our members’ time is precious and we compete for their attention in what is becoming an ever- increasing competitive environment where people are becoming “time-poor”. This is not just an Australian issue, as research on volunteering has shown that people do not have as much time to commit to member organisations as they used to. People are looking at shorter, more infrequent interactions. They are willing to give their time but in much more focused and measured ways. As a member body, we need to adopt and meet these changing dynamics to ensure that we are relevant. Keep the best of what we are and add to it. I’m pleased to say that recent workshops run by the Institute continue to provide new innovation and direction. These projects or opportunities are being rolled into our strategy and direction for 2014.

Stephen
Westaway
Stephen Westaway is President of the National Council at The Tax Institute.

The Tax Institute is 
Australia's leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Wednesday, 13 November 2013

Our 70th year is drawing to a close

In our final article celebrating the 70th anniversary of the founding of The Tax Institute, we look at how the Institute and Australia’s tax system evolved during the 1990s and into the first decade of the new century.

The 1990s dawned with the country still in the grip of recession, with unemployment reaching 11.4%, the highest levels since the depression. By the mid-1990s, however, with the election of the Howard Liberal government in 1996 and massive changes to policy and government spending, Australia entered a long period of prosperity and growth.

The decade saw the introduction of the superannuation levy in 1992, and the regulation of self-managed funds was transferred to the ATO in 1999.

Tax avoidance was a strong focus at the end of the decade and new legislation around transfer pricing and taxation treaties with many overseas countries were introduced to counter this.

The most significant change to the tax system in decades was announced by the Howard government, and a period of reform and modernisation began. Sales tax was abolished and the controversial GST was introduced. According to the ATO, in a regular year parliament might consider 20 or 30 amendments to taxation law, but in 1998-99 there were more than 60.

The Tax Specialist journal began publication in 1992, and the first National Tax Retreat was held in 1993. The popular TaxLine Research Service was launched in 1995, designed to assist members with difficult research.

The affects of the introduction of the new tax system continued into the early days of the new century. The Olympic Games were held in Sydney in 2000 and Australia entered a significant period of prosperity, with unemployment and inflation at record lows.

Project Wickenby was another noteworthy development during the decade, designed to address fraud and non-compliance. The Tax Institute was more relevant than ever, continuing to provide essential professional development to all tax professionals to keep them up to date on the complex and frequently changing legislation.

The Institute’s stable of offerings increased to meet the needs of the growing tax profession. In 2001 the online knowledge resource, Tax Knowledge eXchange, was launched, and in 2004 the Institute published its first book, the Trust Structures Guide, now is it’s 10th edition. 2005 and 2006 saw the launch of the Structured Education Program, now known as The Chartered Tax Adviser Program.

In May 2010, the Institute became a recognised Tax Agent Association, the result of a seventeen year process which saw the introduction of the Tax Agent Services Regime and the establishment of the Tax Practitioners Board. Tax agents had previously been regulated by state-based Tax Agents’ Boards since the 40s and in 2010 the government finally introduced the Tax Agent Services Act 2009 to establish the TPB. This was hugely significant for the Institute and the affects of which continue to be seen today.

In 2011, the Institute undertook a rebrand and launched a new website and an iPad version of Taxation in Australia. The following year the Chartered Tax Adviser designation was introduced to Australia and the Institute adopted the tagline The mark of expertise.

The launch of the CTA designation reflects the dawn of a new era for the Institute. As more and more tax professionals achieve CTA status in Australia, the tax profession and the Australian tax paying public will come to recognise their Chartered Tax Adviser as a global leader with the qualifications, experience and integrity to manage their tax affairs.

With 70 years of supporting the profession behind us, the Institute acknowledges that none of it would have been possible without the help of our members and our volunteers. Together, we can continue to work towards strengthening the profession in Australia and advocating for reform to ensure a tax system that benefits all.

Thank you.

70 years supporting the tax profession
In 2013, The Tax Institute is celebrating 70 years of supporting the tax profession.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Monday, 11 November 2013

Starting to clear the fog of tax law

Last week the Federal Government announced its plans to deal with the backlog of unlegislated tax laws. This is a welcome development for business and individuals across the country.

The Government’s move will scrap a number of unwelcome tax measures and start the process of clearing the fog of tax law that has created uncertainty and hamstrung businesses to make informed investment decisions.

In particular we applaud the Government for their sensible decision to scrap the cap on self-education expense deductions that was proposed by the previous government.

The Tax Institute has been the leading advocate for action to address the growing length of the unenacted tax law list.

We welcome both the Government’s acknowledgment of the long-held concerns of Tax Institute members and the commitment to action that should inject much-needed certainty into our tax system.

We look forward to consulting with the Government in the short period ahead to ensure appropriate decisions are made about the fate of the 64 measures that are on the chopping block. It is also important for the Government to continue the reform of the trust tax law in Division 6 and also Division 7A and UPEs.

Members of our expert technical committees are poring over the measures with a view to providing advice to the Treasury and the Board of Taxation in the next two weeks.

It is only through increased engagement with tax professionals that we will achieve a simpler, more equitable and more efficient tax system and avoid ever again having such an extensive list of tax law that remains unenacted.

Robert Jeremenko
Robert
Jeremenko
Robert Jeremenko CTA is Senior Tax Counsel of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Friday, 8 November 2013

Help us continue to do things right

2013 Annual Business and Professions Study

This month, The Tax Institute will once again participate in the annual Business and Professions Study conducted by Beaton Consulting. This survey will assist us to identify areas where there may be scope to improve member services and add further value to membership.

You should receive the survey in early November via email. I would encourage you to complete this survey to help us ensure we continue to do things right. The results of the survey should be available in 2014.

Nominations are now open for the Tax Adviser of the Year Awards

Hopefully by now you have heard about our inaugural Tax Adviser of the Year Awards. Designed to recognise the profession’s highest achievers, the awards continue the Institute’s commitment to honouring the best and brightest professionals in the tax industry.

If you believe these awards resonate with you, or a colleague or an employer of yours, this is your chance to be recognised by the industry’s leading tax luminaries as nominations opened on 1 October 2013.

Nominations are available in one of three award categories:


For further information about the awards, please visit our website.

Have you started planning your CPD for 2014?

Get a head start on meeting your 2014 CPD requirements. You can now register for 2014 events on our website, including:


Visit the Professional Development section of our website to find out more.

Noel Rowland
Noel
Rowland
Noel Rowland is Chief Executive Officer of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Thursday, 7 November 2013

How to nominate someone (or yourself) for a Tax Adviser of the Year Award

Recognising the tax profession’s highest achievers

Whether you’re a rising star or an industry leader, the new Tax Adviser of the Year Awards have been designed to recognise people like you and your colleagues – the industry’s best tax practitioners.

Who to nominate

The awards are open to:

  1. tax professionals with less than 5 years’ experience (Emerging Tax Star)
  2. tax professionals with more than 5 years’ experience (Tax Adviser of the Year); and/or
  3. Chartered Tax Advisers with more than 10 years’ experience (Chartered Tax Adviser of the Year).

This is your chance to stand out and to be recognised by your peers and clients for your commitment to the profession and increase your firm’s profile.

To nominate yourself, or someone else, you will need:

  1. an application form [PDF]
  2. a reference or letter of recommendation
  3. examples of achievements in response to each criteria included on the form
  4. transcripts of qualifications.

And make sure you check out the different categories to see the information you will have to provide to demonstrate experience and capability.

Completed forms

Send all completed forms, please contact our Tax Adviser of the Year Awards Division on +61 2 8223 0014 or email.

Don’t forget nominations close on 10 December 2013 so make sure you don’t miss out.

The Tax Adviser of the Year Awards 2014 celebrate individual excellent in tax.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.

Wednesday, 6 November 2013

October’s free member tax presentations

Here’s a selection of presentations from our leading events series.

Members of The Tax Institute can access these presentations for free by clicking the links below (make sure you’re logged in to our website first). Non-members can purchase the presentations for only $12 each.

Many presentations have a related technical paper, which can also be found on the presentation’s page. Don’t forget, a Tax Knowledge eXchange subscription gives you unlimited access to these papers, presentations, articles from our journals, and much more.


Tax Knowledge eXchange
The Tax Institute runs over 300 CPD seminars a year, and all papers and PowerPoint presentations provided by the speakers from our seminars are available through the website individually or through a Tax Knowledge eXchange subscription.

Monday, 4 November 2013

Assistant Treasurer meeting update

Last week The Tax Institute had the opportunity to have a detailed discussion in Canberra with the Assistant Treasurer, Senator the Hon Arthur Sinodinos AO.

I was joined at the meeting by our President, Steve Westaway CTA, Vice-President, Michael Flynn CTA and CEO, Noel Rowland.

Our discussion canvassed a wide range of priority issues including: outstanding unlegislated tax law list; tax white paper; improved consultation for tax changes; deregulation agenda; small business tax issues; superannuation, financial advisers giving tax advice; trust tax reform; Division 7A reform; self-education expenses cap; BEPS; and ATO/Treasury tripartite engagement.

We are following up this meeting with further detailed discussions and correspondence with key advisers and decision makers in the Government. This is a crucial time for the Government, given they are bedding-down the Mid-Year Economic and Fiscal Outlook (MYEFO) that will be released by Christmas this year.  It will be the first cut of the nation’s finances since the change of Government and it will reveal the status of many of the tax measures announced by the previous Government.

It will be a busy lead up to the end of 2013.

Robert Jeremenko
Robert
Jeremenko
Robert Jeremenko CTA is Senior Tax Counsel of The Tax Institute.

The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.