Showing posts from January, 2017

The future of the tax professional – The 32nd National Convention

by Cheryl Goh, FTI *

It is an interesting time to be a tax practitioner. The tax world is at the cusp of something quite revolutionary. With technology, digitalisation, globalisation and artificial intelligence converging to disrupt the entire industry, there is no doubt that we really are at the fulcrum of change. Cheryl Goh, FTI, takes a closer look at the program and some of the presenters at The Tax Institute’s 32nd National Convention that will arm you with the knowledge to navigate what is still a very uncertain future.
Tax practitioners are no strangers to change. Tax laws, rulings and policies are constantly in flux – we learn, we adapt, we even get creative when there is a lack of guidance. However, what is happening to the tax and accounting industry at the moment is completely unprecedented. When talk of robots and artificial intelligence become a serious topic of conversation [1], that’s when you know some serious change is about to happen.

January technical paper - 'Division 7A structuring: the contortionist revisited'

Each month, members of The Tax Institute can access a complimentary, recently-published technical paper that provides relevant, up-to-date information on a current issue for tax professionals.

January’s paper is Division 7A structuring: the contortionist revisited by Ron Jorgensen, Partner at Rigby Cooke Lawyers.

Jorgensen explains that Division 7A of the Income Tax Assessment Act 1936 has inherent structural, interpretative, operative and administrative uncertainties.