Business Structures & Restructures Online Workshop 2024 Session 3
Recorded 26 August 2024. Tax issues when restructuring a business
Gain the confidence to explore business structure options with clients
The pros, cons, risks and key issues to consider with the most popular SME structures
Opportunities within the tax system to restructure in a more efficient way
Recorded 26 August 2024
Business structure makes a difference.
It impacts on:
- The amount of tax paid and when it’s paid
- The risk exposure for owners and management
- Ease of succession planning, and
- Costs of operation and ease of debt funding
Using real life case studies, the Business Structures & Restructures online workshop will help you:
- Identify the key factors and risk areas when creating a structure
- Recognise the indicators of when a structure is past its ‘use by’ date
- Manage changes to a business structure, and
- Work through the ATO’s specific guidance on professional firm profits.
Sometimes the best structure from a tax perspective just doesn’t make sense commercially. There is no ‘one size fits all’ approach and sometimes the right structure will involve compromise. Understanding what compromises to accept requires an understanding of the impact of each.
Best suited to partners/directors, managers and client facing team members as well as CEOs and CFOs from mid-sized or growing SMEs.
The Business Structures & Restructures workshop will help you to identify key factors and risk areas when creating a structure, recognise when a structure is past its 'use by' date, and manage structural change.
Using real life case studies, the workshop is designed to give you confidence when approaching business structures.
CGT issues on moving to a new structure
- Fundamental CGT issues that need to be managed
- Applying the small business CGT concessions, including common issues and problem areas
- The impact that a client’s business structure can have on accessing the small business CGT concessions
- Common traps and how to manage them in practice
Applying rollover relief
- The small business restructure rollover rules and when they can be used
- Specific rollovers that are aimed at business restructures
- Weighing up the advantages and disadvantages of the different rollover options
Other tax issues to consider
- GST and the going concern provisions
- Depreciating assets and trading stock
- Franking credits and tax losses
Michael Carruthers
Tax Director, Knowledge Shop
Michael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.
Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He was a long-term member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
Business Structures & Restructures Online Workshop 2024 Session 3
Tax & Accounting
3 modules
Investment per person: $ 499.00
Team cost: $ 1,250.00
You can’t use team rate, please either signup or login to access team rates