Tricks and traps of the 2017 tax returns

LONG-time tax agent Tony Culberg OAM will be hosting a tax seminar in mid-June to help industry professionals prepare for the end of the financial year.

The “Tricks and Traps” seminar will provide an in-depth look at the changes to tax law, and will address a number of known issues that will affect Tasmanian taxpayers.

These include working holiday makers tax, the eight per cent discount for small business taxpayers, the sharing economy, Uber and AIRBNB.

The seminar will address new mining data by the Australia Taxation Office in relation to capital gain tax, Ebay and similar businesses and the relaxation of continuity of business rules for company losses.

The 2017 Federal Budget, which will be delivered on Tuesday 9 May, will also be on the agenda.

Mr Culberg, who teaches a tax course at TasTAFE, said that while the seminar was aimed at professional tax agents, it was also suitable for anyone with a strong interest and knowledge of tax.

“Changes in tax law are happening all the time and they can be both obvious and very subtle,” he said.

“During the three-hour seminar, I will lead participants through the latest Australian Tax Office (ATO) individual tax return instructions and provide a detailed look at every change to every item in the 2017 tax forms.

“By doing this, tax agents will be fully prepared for the upcoming tax season and aware of what questions they need to ask their clients so they can receive the best possible tax return.

“The seminar will also save participants the trouble of reading through 470 pages of ATO instructions, as I will have done it for them.”

The Tricks and Traps tax seminar will run from 9am to 12pm on Friday 16 June in the Function Room at King George V Football Oval, Level 1A Anfield Street, Glenorchy.

Registration is $100 per person (not including GST) and includes comprehensive notes, copies of the tax returns and refreshments.

The cost of the seminar will also be tax deductible for anyone who lodges a 2017 tax return.

For more information or to register, email culbergf@bigpond.com.