A forum for emerging leaders in tax

On Friday 25 May, the technical program of The Tax Institute’s 11th annual NSW Tax Forum will feature a new, dedicated ‘Emerging leaders’ stream.

It’s a four-hour program designed to help nurture the future of the tax profession.

Practitioners will benefit from attending if they:

• have less than 5 years’ experience in tax
• need to build their tax-related technical skills
• have not attended the NSW Tax Forum previously
• would like to interact with like-minded professionals.

The stream encompasses four sessions that cover issues relevant to emerging tax advisers.

In the first session, Pitcher Partners’ Jake Berger will present on ‘Current issues and challenges for revenue vs capital’. Jake will revisit the core concepts of the revenue/capital distinction. Just as importantly, he will look at the practical actions and behaviours of clients, which will influence whether something gives rise to a revenue gain or a capital gain.

The second session will feature Robert Campbell CTA, from McLeod Campbell & Associates, offering ‘Tips and traps in relation to structuring for business or investments’. Robert will provide an overview of structuring and why you would use certain entities. He will offer case studies, with examples of why you would use a particular structure over another, focusing on the more tax-effective options. He will outline issues that arise due to certain structures (e.g. possible section 100A reimbursement agreement, Division 7A or UPE issues, and stamp duty if you need to move property to another entity etc). He will also explain how you can change your structure once you set it up.

Allens’ Jay Prasad will present an ‘Update on trusts’ in the third session. He will explain some of the confusing aspects of trust taxation and will provide some context and background to some of the common issues that you might need to consider in practice, with key topics including:

• an overview of the nature of trusts
• ‘distributable income’ and ‘taxable income’
• the concept of ‘present entitlement’ (and specific entitlement)
• a brief overview of widely held trusts.

The final session in the ‘Emerging leaders’ stream will be a discussion panel comprising EY’s Antoinette Elias CTA, the ATO’s Gavin Favelle CTA and Evora Legal’s Jennifer Yeo. The panellists will offer advice on ‘How to make the most of your career in tax’, including the many pathways and opportunities you do not want to miss. It will be an interactive session that will cover areas such as:

• training and development goals
• becoming a successful leader in your industry
• how to network and build your personal brand
• dealing with work-life balance.

If you attend, make sure you bring your burning career questions.

The cost of attending ‘Emerging leaders’ stream of the NSW Tax Forum is just $195. For more information, please check out the event page on The Tax Institute website.

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