Tax Yak – a podcast by TaxBanter.

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Tax Yak – Episode 24: Managing tax risk

Today’s business environment is complex and managing your tax risk is a core part of responsibly managing your business. Managing task risk involves far more than dealing with ATO audits. Regardless of the size of your business, tax risk impacts on every aspect of a business either directly or indirectly, it permeates all phases of a business’s decision making process and can affect its commercial success.

In this episode of Tax Yak, Robyn yaks with ATO Assistant Commissioner – Private Wealth, Anna Longley, about the key areas that attract the ATO’s attention and how businesses and individuals can minimise their tax risk.

Host: Robyn Jacobson

Guest: Anna Longley, ATO Assistant Commissioner – Private Wealth
Link: New Information System Risk Assessment tool (ISRA)

Recorded: 11 July 2019

Tax Yak – Episode 23: Small business conversation with the ATO

There are more than 3.8 million small businesses in Australia, accounting for 33% of Australia’s GDP, and employing over 40% of Australia’s workforce.

In this episode of Tax Yak, Robyn yaks with the ATO’s Deputy Commissioner – Small Business, Deborah Jenkins, about the ATO’s engagement with small business, the small business tax issues the ATO has identified, the role of tax agents, the Black Economy and the tools, products and services available to assist small business.

Host: Robyn Jacobson, Senior Tax Trainer, TaxBanter

Guest: Deborah Jenkins, Deputy Commissioner, Small Business, ATO
Twitter – @ATOSmallbizExec & @ato_gov_au

Recorded: 14 June 2019

Tax Yak – Episode 22: Turning compliance water into consulting wine

How should a practice go about converting the staple annual compliance work into cash cow advisory work that is truly valued by clients?

In this episode of Tax Yak, Robyn yaks with Brent Szalay, Managing Director, SEIVA, about how his practice has successfully changed the lives of their business clients. The SEIVA philosophy is to make positive changes through designing a strategic plan and establishing a clear vision and purpose by working closely and regularly with their clients. Brent explains how starting a conversation on tax compliance serves as a base from which valuable strategic discussions can emerge.

Host: Robyn Jacobson, Senior Tax Trainer, TaxBanter

Guest: Brent Szalay, Managing Director, SEIVA

Recorded: 3 June 2019

Tax Yak – Episode 21: Post-election perspective

What does the Coalition’s win in the Federal election mean politically and from a policy perspective? In this episode, our regular host Robyn Jacobson is the guest of host Michael Messner (via Skype from sunny Queensland), a fellow Senior Tax Trainer. Together, they discuss the implications of the Coalition’s return to Government, the long list of announced but unenacted measures, and practitioners need to look out for from 1 July 2019 and beyond.

Host: Michael Messner, Senior Tax Trainer, TaxBanter

Guest: Robyn Jacobson, Senior Tax Trainer, TaxBanter

Recorded: 27 May 2019

Tax Yak – Episode 20: TaxBanter offerings

You may be familiar with our regular Update or Special Topic papers, but are you aware of the full suite of our offerings to the tax profession? In this episode, Robyn yaks with fellow Senior Tax Trainer, Lee-Ann Hayes, about the range of TaxBanter’s products and services, including our online offerings. Robyn also yaks with TaxBanter’s Manager of Content & Projects, Steve Griffiths, about TaxBanter’s Tax Library and also about TaxEd, who provide tax education and support to Government bodies and not-for-profit organisations.

Host: Robyn Jacobson

Lee-Ann Hayes, Senior Tax Trainer, TaxBanter
Steve Griffiths, Content & Projects Manager, TaxBanter

Recorded: 14 May 2019

Tax Yak – Episode 19: The ATO perspective on WRE and rental property claims

The ATO has made no secret of the fact that it is targeting incorrect claims of work-related and rental property expenses by individuals. In this episode of Tax Yak, Robyn yaks with Justin Untersteiner, Assistant Commissioner, Individuals of the ATO about the ATO’s focus on WRE claims and rental properties. They discuss some of the positive trends emerging from the ATO’s compliance focus, and the common mistakes taxpayers make when claiming.

Host: Robyn Jacobson

Guest: Justin Untersteiner, Assistant Commissioner, Individuals

Recorded: 9 May 2019

Tax Yak – Episode 18: Single Touch Payroll: Q&A with the ATO

In this episode of Tax Yak, Robyn yaks with Michael Karavas, Director at the ATO and Design Lead of STP, in a Q&A format, addressing all your questions about the ATO’s approach to transitioning around 750,000 small employers into STP from 1 July 2019. The discussion covers the transitional approach for small employers, micro employers and employers with closely held payees.

Host: Robyn Jacobson

Guest: Michael Karavas, ATO Director & STP Design Lead

Recorded: 17 April 2019

Tax Yak – Episode 17: Single Touch Payroll: A chat with the ATO

From 1 July 2019, Single Touch Payroll is mandatory for all employers, even those with just one employee. This is the most significant change to reporting systems for businesses since the introduction of the GST.

In this episode of Tax Yak, Robyn yaks with John Shepherd, Assistant Commissioner at the ATO and Program Lead for STP, about the introduction of STP and what it means for employers and employees.

Host: Robyn Jacobson

Guest: John Shepherd

Recorded: 15 April 2019

Tax Yak – Episode 16: Post-Budget and Opposition’s Budget-in-Reply

With a Federal election expected to be scheduled for either 11 or 18 May, Treasurer Frydenberg’s first Budget is a crucial platform from which the Government will unofficially launch its election campaign, as it attempts to convey the message that the economy is strong under its management.

In this episode of Tax Yak, Robyn yaks with TaxBanter director, Neil Jones, about the key tax and superannuation measures announced in the Federal Budget on 2 April. Their analysis and commentary will provide you with an understanding of how the measures will affect you and your clients. The discussion will also include an analysis of the key statements made by Bill Shorten in his Opposition Budget-in-reply speech on 4 April.

Host: Robyn Jacobson

Guest: Neil Jones

Recorded: 5 April 2019

Tax Yak – Episode 15: Challenges for the profession

How does your firm keep up to date with all the constant tax changes? In this episode of Tax Yak, Robyn yaks with Paul Meissner, a Chartered Accountant who runs a 21st century accounting firm that uses cloud solutions, upfront agreed pricing and no time sheets.

The discussion covers:

  • the state of the profession and the impact of technology such as cloud solutions;
  • the challenges practitioners face in keeping on top of constant changes to the tax law;
  • compliance v advisory work;
  • the value of getting involved in consultations and committees; and
  • whether interactions with the ATO have changed over the years.

Host: Robyn Jacobson

Guest: Paul Meissner

Recorded: 26 February 2019

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