Business Change and Compliance: The Tax Imperatives - recorded online conferenc

Recorded Online Conference,Taxation,Business Change and Compliance: The Tax Imperatives - recorded online conferenc
Thursday 2nd April 2020

Duration:  3 hours

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-104 DAYS
UNTIL THE EVENT
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 ABOUT THE RECORDED ONLINE CONFERENCE

You can put your staff in the boardroom and watch it there.  You can watch it on your computer or on your portable electronic device.  All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairperson, a panel of experts, presentations and discussion.
 

Session 1:  Structuring for the Ultimate Business Exit

As a cohort of business owners hit their late 50s and 60s, taxpayers and tax advisers are turning their minds to business exit, whether that be through a third-party sale or passing down to the next generation. Planning ahead can make a significant difference in achieving the best tax outcome. This session explores the options, including:

  • Restructuring for sale – what needs to be considered?

    • Stamp duty – is corporate reconstruction exemption available?

    • GST – what supplies are being made

    • Income tax – are there rollovers available?

  • Streamlining the business and managing staff:

    • Deciding whether to issue shares to employees – getting the balance right between the employee and business

    • Issuing equity and golden handshakes for key staff – what is the tax effect? Are there corporations law issues to consider?

  • Separating wealth and investment assets from business assets:

    • What structure should investments be transferred into?

    • Dealing with liquidity issues where business real property is held in the SMSF


Session 2: Essential Tax Issues in a Sale of Business

The sale of a business inevitably triggers a large number of tax issues, with the transfer of revenue assets such as trading stock and depreciable assets, CGT assets such as goodwill and even the transfer of non-assets. This session provides a run-down of the key income tax issues taxpayers need to keep in mind, including:

  • Understanding CGT versus revenue assets and non-assets

    • Identify goodwill, know-how and intellectual property such as copyright

    • Alternative structuring – can you licence or lease the asset instead?

  • Valuing assets and appropriate allocation to the right buckets

    • Understanding Commissioner of State Revenue v Placer Dome Inc [2018] HCA 59 and its implications on the attribution of value

    • Buying professional practices – how to allocate value to patient/client records, goodwill and other assets?

  • Structuring decisions:

    • Share sale versus business sale?

    • Earnouts and their tax implications – the interaction with small business CGT concessions


Session 3:  Tricks and Traps of Division 152

Although the amendments to the small business CGT concessions in Division 152 concerning the sale of shares or units are now two years old, there is still a great deal of confusion as to precisely how the new rules operate. This session explores the traps and hazards that can arise in practice through the use of case studies, including:

  • Understanding how the modifications to the SBCGT concessions operate

    • What rules have changed and what has remained the same?

    • Identifying connected entities – the net widens

    • Importance of the modified active asset test

    • Testing beyond the taxpayer – delving into the object and later entity

  • Understanding the additional requirements for discretionary trust taxpayers

    • Importance of CGT concessional stakeholders

    • Calculating the small business participation percentage

    • Planning ahead: drafting the trust resolutions appropriately

 THE FACULTY

Kaitilin Lowdon, Senior Associate, Arnold Bloch Leibler, Melbourne (Chair)

Andrew Henshaw, Director, Velocity Legal, Sydney

David Marschke, Principal, DBM Horizons, Brisbane

Leanne Connor, Director, WCG Business Advisors, Melbourne

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 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD

Accountants can claim up to 3 CPD/Training hours.

EARLY BIRD REGISTRATION

If you register and pay by 6 March 2020 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au



© Television Education Network Pty Ltd 2020

Product Code: KTXAPR20
 Price:  $495.00 (Inclusive of GST)