PODCAST · business
Tax 'n' Lunch
by Vincent Licciardi
Australia's podcast for tax advisors to high net worth individuals, wealthy family groups and private clients. Join me, Vincent Licciardi, for Tax 'n' Lunch.
Episodes
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47 | Climbing the mountain of ATO authorities
What's the difference between a Tax Ruling (TR), a Practical Compliance Guide (PCG) and an Interpretative Decision (ATOID)? Which documents protect your client and which documents don't? In this episode of Tax 'n' Lunch, we climb the mountain of around 20 different ATO authorities to understand…
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46 | Fireside chat with George Housakos from Tax Yak about dobbing on your clients and notifying clients of "all relevant matters" (Part II)
In the second of two fireside chats, I was interviewed by George Housakos, senior tax trainer, from Tax Banter. We yakked about two hot issues for every accountant this new financial year. The New Tax Agent Breach Reporting Regime under the TASA. The New Code of Conduct of Professional Conduct...
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45 | Can I stop the ATO auditing my client?
When the ATO is fishing in the ocean of tax risk, sometimes I am asked "can we stop the ATO auditing my client"? The short answer is "yes". The only real tool available to clients is simple and effective. However, any decision to deploy it needs to be well thought through before your client…
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44 | Fireside chat with George Housakos from Tax Yak about dobbing on yourself and your colleagues under the TASA (Part I)
In the first of two fireside chats, I was interviewed by George Housakos, senior tax trainer, from Tax Banter. We yakked about two hot issues for every accountant this new financial year. The New Tax Agent Breach Reporting Regime under the TASA. The New Code of Conduct of Professional Conduct...
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43 | $250m+ clients with disputed tax debts
The ATO quietly changed its longstanding policy a couple of weeks ago about not chasing disputed tax debts except in rare circumstances. Now, high net worth private clients and big family businesses will be required to pay half of the disputed tax debt even though they are, well, disputed. Yes,...
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42 | The practicalities of the recent changes to the Tax Agent Services Act 2009
Recent changes to the Tax Agent Services Act 2009, including via the Minister's recent Determination, have caused angst, fear, and anxiety amongst the tax and accounting profession. I'm here to say a fair chunk of that is exaggerated. Let's be practical. Although you'll need to make changes to…
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41 | On the front foot. My top 5 areas for high net worth clients and big family businesses in 2024
Make 2024 a smoother year for clients by tackling these 5 hot tax areas. You can also use my solutions for each area to get you started. Join me for this bite-sized edition of Tax ‘n’ Lunch.
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40 | Calling all STRANGERS
I've set myself a challenge for calendar year '24. Want to know what it is? Joint me for this bite-sized edition of Tax 'n' Lunch.
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39 | Capital proceeds in M&A and calculating the ATO's take
The structure of the deal determines how much tax your client will pay. Get is right and you're on a winner. Get in wrong and it will cost your client millions, including paying tax on money they don't receive. In this episode, I'll take you through the use of pre-completion dividends, set-offs…
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38 | Deals and Non-resident CGT withholding
Withholding applies to your clients' business and land sales, especially if they are non-residents. But not to worry, you can make the tax zero in certain cases. Tune in this not so bite sized edition of Tax 'n' Lunch to find out more.
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37 | Rollovers in M&A
Is your client sale ready? We take you through the factors and the rollovers (possibly) needed to get the deal done. Join us for this not so bite-sized edition of Tax 'n' Lunch.
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36 | Tax DD - we act on the buy-side and the sell-side
Do you assist clients to buy businesses or sell businesses? Tax due diligence (or DD) will be one of the most important services you provide, protecting your client from risks inherent in the deal. Are there ways to cure the risk or mitigate it? Where are the skeletons hiding? We take you through...
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35 | Federal Budget for 2023/2024
Here’s your one stop shop for all the discussion points for your clients for the 2023/2024 Budget. Join me, Vincent Licciardi, along with two colleagues from our national tax group for what stays, what goes, what’s new and what it means for you and your clients. Here’s our comprehensive coverage…
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34 | 5 tips when you're under investigation by the TPB (Part II)
Is your business at risk of an investigation? What happens when the first “show cause” notice comes in? The second of a two part series; here’s my list of 5 tips. Join me for this bite sized edition of Tax ‘n’ Lunch.
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33 | The main residence exemption
A lucrative tax concession, but also a concession where simple things can go wrong. We take you through tips and traps, this is one not to miss with my colleague Paul Burgoyne. Join me for this not so bite sized edition of Tax ‘n’ Lunch.
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32 | 5 tips when you’re under investigation by the TPB (Part I)
We’re back! Is your business at risk of an investigation? What happens when the first “show cause” notice comes in? The first of a two part series; here’s my list of 5 tips. Join me for this bite sized edition of Tax ‘n’ Lunch.
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31 | How do I object to an ATO decision for my client?
I take you through the steps required to dispute an ATO decision. Join me for this bite sized edition of Tax 'n' Lunch.
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30 | The onion
Five principles to disputing tax decisions. Join me for this bite sized edition of Tax ‘n’ Lunch.
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29 | Focus on the evidence
You can have your client’s objection in ship-shape from day one, if you just focus on the evidence. Trust deeds, memory, transaction documents, emails, text messages. Join me for this bite sized edition of Tax ‘n’ Lunch.
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28 | Security bond notices
If you thought director penalty notices were a powerful tool, well, the ATO has an ace up its sleeve. Join me for this not so bite sized edition of Tax ‘n’ Lunch.
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27 | What to expect from the next Commonwealth Budget scheduled for 25 October?
The Labor Party won a majority of seats in the lower house at the Federal election held on 21 May 2022 and now forms government under the leadership of Prime Minister Mr Anthony Albanese. I want to take you through some of the big-ticket items to expect in the upcoming Budget scheduled for 25...
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26 | The dark arts of trust resolutions (Part III)
In this three part series, I take you through what you need to know about client’s trust resolutions this tax time. So why are resolutions so important? Well here's 3 risks I bet you didn't know. Join me for this bite sized edition of Tax ‘n’ Lunch.
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25 | The dark arts of trust resolutions (Part II)
In this three part series, I take you through what you need to know about client’s trust resolutions this tax time. Here’s my 4 step process to getting resolutions right. Join me for this bite sized edition of Tax ‘n’ Lunch.
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24 | The dark arts of trust resolutions (Part I)
In this three part series, I take you through what you need to know about client's trust resolutions this tax time. Are you covered by your PI insurance when you prepare trust resolutions? Do you just roll out last year's document and change the figures? Join me for this bite sized edition of Tax...
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23 | End of financial year is coming
Here are my ten tips to get your tax planning sessions with your clients started. Best of all, every tip can be implemented in a simple way over the coming weeks. Join me for this bite sized edition of Tax ‘n’ Lunch.
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22 | "You don't go broke by giving"
In the last few days, one of the largest private donations of $100 million was made to the National Gallery of Victoria by the Fox family. Wealthy clients can reduce their family's tax liabilities over time, all the while maintaining control of how their money is used. Join me for this bite sized...
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21 | Farming families and the small business restructure rollover
The small business restructure rollover can be particularly useful for farming families looking to isolate risk and transfer assets from one generation to the next. Join me for this bite sized edition of Tax 'n' Lunch. **NOTE: You'll need the diagram that I speak about in this episode for it all…
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20 | Taxed on trust money you don't want and don't receive: FCT v Carter
The High Court handed down its decision in Carter, which relates to trust disclaimers. Beneficiaries can still be taxed on income even if they don't want it or don't know about it. This is a real worry for wealthy clients suffering from family breakdown. Join me for this bite sized edition of Tax...
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19 | 2022 - 2023 Commonwealth Budget
HWL Ebsworth Lawyers’ national tax group take us through this election budget. What stays, what goes and what it means for you and your clients. Join me for this special (and not so bite sized) edition of Tax ‘n’ Lunch.
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18 | The early edition of the 2022 - 2023 Commonwealth Budget
You shouldn't expect a lot from this Commonwealth Budget. However, the Government could just be keeping its election powder dry. Join me for this bite sized edition of Tax 'n' Lunch.
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17 | Interview with Chris Ryan, National Director of the ATO's Tax Avoidance Taskforce, about s 100A
There's been a rousing call against the ATO's s 100A publications by the tax profession. In particular, because of the retrospective nature of those publications. The red zone, white zone and blue zone. Can anyone realistically be in the green zone and safe from ATO audit activity? In this…
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16 | The traps hidden in the new Division 7A rules
Your trustee income minutes are the key to properly administering the ATO's new Division 7A rules for your clients. Join me for this bite sized edition of Tax 'n' Lunch.
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15 | Section 100A and the ATO's crackdown on trusts
Be careful what you wish[ed] for because income splitting using trusts might just be dead. Join me for this bite sized edition of Tax 'n' Lunch.
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14 | debits and credits; why the ATO doesn’t accept accounting entries
It’s timely to revisit why the ATO doesn’t accept accounting entries after the recent decision impact statement for MJ and IT Holdings PL v CoT
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13 | Here's what to expect with this week's section 100A and Division 7A publications
The coming week is the biggest week in tax for accountants and tax advisors to high net worth individuals, wealthy family groups and private clients, since the introduction of the capital gains tax in September 1985. Join me for this bite sized edition of Tax 'n' Lunch.
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12 | Information gathering powers during tax disputes
The ATO has extraordinary powers to collect information and documents, and to interview your clients. I take you through the tips and traps that you haven't heard before. Join me for this bite sized edition of Tax 'n' Lunch.
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11 | Contractors could be entitled to superannuation
It’s a problem lurking in the dark and clients need to know about it. Contractors could be entitled to superannuation. Join me for this bite sized edition of Tax ‘n’ Lunch
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10 | Tax governance in the Top 500 and Next 5,000 tax performance programs
The ATO is focusing particularly closely on the tax governance of the largest private clients across Australia. It isn't simply a matter anymore of leaving a group's tax affairs to its accountants. So what is tax governance and how does it contribute to justified trust? Join me for this bite…
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9 | Family trust elections
The daily use of trusts for clients means this is an episode not to miss. I demystify family trust elections and interposed entity elections. Your clients don’t need to pay 70%+ in tax unnecessarily.
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8 | The top 5 tax issues to keep an eye out for in 2022
5...4...3...2...drum roll...1. Join me for this bite sized edition of Tax ‘n’ Lunch.
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7 | Sign here, initial here: are you doing lawyers' work?
Accountants regularly assist clients with services that are not directly tax-related. For example, the preparation of "agreements" and "minutes". But did you know that such services could be unlawful? If in doubt, brief it out! Join me for this bite sized edition of Tax 'n' Lunch.
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6 | Taxpayer Alert TA 2021/2
The ATO is targeting gifts and loans from overseas as income, and it has a variety of ways that it can do so effectively. Clients who hold foreign assets or expect an inheritance from overseas should tread carefully. Join me for this bite sized edition of Tax 'n' Lunch.
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5 | Professional practice guidelines
Your income splitting is too high. My income splitting is too low. But their income splitting is just right. Join me for this bite sized edition of Tax 'n' Lunch.
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4 | Disputed debts for businesses
The government proposes to introduce new rules to stop the ATO collecting tax debts while those debts are in dispute. When are these rules available to clients and how can they be used? Join me for this bite sized edition of Tax 'n' Lunch.
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3 | The key to a successful audit
Is your client under audit? Here’s the first golden rule for dealing with the ATO. Join me for this bite sized edition of Tax ‘n’ Lunch.
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2 | ATO Tax Avoidance Taskforce
The coming year will see the Tax Office focus particularly closely on tax avoidance by high net worth individuals, wealthy family groups and private clients. What will they target and what should you do if things go wrong? Join me for this bite sized edition of Tax 'n' Lunch.
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1 | ATO Director Ben Rupert talks early engagements and commercial deals
The ATO offers a service for advisors and their clients to secure tax certainty for transactions exceeding AUD 30 million. The chief of the ATO's commercial deals team joins us in this podcast to discuss how the ATO assured over AUD 10 billion in transactions during 2019 and 2020. Join me for…
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ABOUT THIS SHOW
Australia's podcast for tax advisors to high net worth individuals, wealthy family groups and private clients. Join me, Vincent Licciardi, for Tax 'n' Lunch.
HOSTED BY
Vincent Licciardi
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Frequently Asked Questions
How many episodes does Tax 'n' Lunch have?
Tax 'n' Lunch currently has 48 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Tax 'n' Lunch about?
Australia's podcast for tax advisors to high net worth individuals, wealthy family groups and private clients. Join me, Vincent Licciardi, for Tax 'n' Lunch.
How often does Tax 'n' Lunch release new episodes?
Tax 'n' Lunch has 48 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Tax 'n' Lunch?
You can listen to Tax 'n' Lunch on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Tax 'n' Lunch?
Tax 'n' Lunch is created and hosted by Vincent Licciardi.
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