Self paced tax planning course

1. Our initial objective
2. Opportunity to double your existing fees
3. About this self-paced course
4. Public practice form

1. ATO definition
2. Tax planning versus tax compliance
3. Do all accountants and tax agents provide tax planning?
4. What are the benefits of tax planning?
5. How our tax planning service works (how to explain it to clients)
6. Tax planning ‘v’ tax avoidance
7. Size of the Australian accounting market
8. Size of the Australian tax planning market
9. Tax planning software

1. Generate an extra $30,000 in fees first year
2. Tax planning and business advisory services could increase your existing fees by 100%
3. 80% of taxpayers can legally reduce the amount of tax they pay
4. Increases client retention and generates new clients from word-of-mouth referrals
5. No extra licensing or registrations are required
6. Your current compliance tax knowledge is the base level foundation upon which tax planning expertise can be readily built
7. Opportunity to differentiate yourself from your competitors

Flow chart of the 10-step tax planning process

1. The objective of systems
2. The objective of practice integration
3. Interview checklist
4. Three competence quality control checklists

1. Understanding the clients' current financial position
2. Understanding what's important to the client
3. Essential client information

1. The objective of fees and charging clients
2. Generate an extra $30,000 in fees in the first year
3. Tax planning price list
4. Fee fundamentals

1. The objective of client education
2. Three compliance quality control checklists
3. Educational brochures
4. Apply repetition
5. Educate every client
6. Automate the process

1. TaxFitness selling system
2. Quantify if we can assist / add value
3. Client proposal
4. What tax planning services can you sell to your clients
5. Focus on existing clients - not new clients
6. Work the percentages

1. Intellectual property and know-how
2. Tax strategies structure
3. Tax strategy attributes and attractiveness
4. TaxFitness ‘Tax Strategy Database’
5. Knowing your A, B, C’s

1. Two-part process
2. How TaxFitness makes selecting tax strategies easier
3. Five inbuilt filters
4. Thirteen ‘Golden Rules’
5. Twenty real-life client case studies - test your knowledge

1. Purpose of the report
2. Quantifying the tax savings
3. Explaining the selected tax strategies
4. The advantages of using the TaxFitness report templates
5. Report preparation instructions
6. Prepare reports for real-life client case studies - test your skills

1. The objective
2. Advisory meeting
3. Lock in annual service

1. The objective
2. Implementation options
3. Test your knowledge

1. My practice
2. My clients
3. Databases
4. Learning centre
5. Support

1. Legal ‘v’ illegal tax-saving strategies
2. Australia's ten most expensive legal tax breaks
3. Top 15 illegal tax-saving strategies
4. Income tax general anti-avoidance rules

1. Overview of tax planning mistakes
2. Number 1: Failing to offer tax planning services to every client
3. Number 2: Undercharging for tax planning
4. Number 3: Inadequate time spent on the tax planning process
5. Number 4: Failing to gather client information and data
6. Number 5: Inadequate tax strategies database
7. Number 6: Failing to provide the client with a written tax planning report that includes the implementation process and cost/benefits
8. Number 7: Inadequate tax planning training

1. Five advanced concepts
2. Making holidays deductible
3. Utilise business goodwill to pay out your private mortgage
4. Having fun in the workplace
5. Change a hobby into a business
6. All-inclusive holiday package

1. Overview
2. Salary packaging private motor vehicles
3. FBT exempt work-related items
4. Taxi travel
5. Salary packaging for FBT-exempt employees
6. Remote area housing benefits
7. FBT exemptions and reductions
8. Employee meal expenses on business premises

1. 10 tax saving entities
2. Companies
3. Holding Companies
4. Unit Trust
5. Husband and Wife Partnerships
6. PSI Entity
7. Discretionary Trust
8. Self-Managed Super Fund
9. Testamentary Trust
10. Partnership of Discretionary Trusts
11. Special Disability Trust

1. Holiday homes
2. Agribusiness schemes
3. Negative gearing
4. Art
5. Farm management deposits
6. Early-stage investors
7. Exploration Development Incentive
8. Antique, veteran or vintage car
9. Purchase a farm or winery
10. Investment reality check      

1. Seven strategies to maximise your return
2. Start a pension in a SMSF
3. SMSFs and shares
4. Transfer personal investments into super
5. Using a SMSF to undertake a property development
6. Transferring business premises into a SMSF
7. Self-managed super fund borrowings