Business Lifecycles Online Workshop

The tax issues and planning opportunities at every stage of the business lifecycle

4-part live online series
Tuesdays: 2, 9, 16 & 23 March 2021

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Concessions at the start and end of the business lifecycle
Managing tax liabilities for business entities and their owners
Essential training for client facing team members

Deliver proactive and tangible advice at every stage of a client's business lifecycle - concessions at the start and exit, making profits and recouping losses, business expansion, and managing the exit strategy.

Different tax issues tend to emerge at different stages in the lifecycle of a business. Practitioners need to understand these issues and how to manage them in practice to ensure that clients are receiving proactive and valuable advice at each stage.

The Business Lifecycles Online Workshop helps you identify key issues that need to be considered when clients start a new business, when a business becomes profitable, when the owners are looking to expand the business, or when the owners decide the time has come to exit the business.

While each business is unique and clients face their own challenges and opportunities, understanding the key issues that clients are likely to face before they actually arise can help to ensure that they are well prepared for what’s next.

Understanding the key issues and how to manage them in practice can also help minimise the risk of ATO audit or review activity.

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Knowledge Shop members, login for the discounted rates

Session 1
Tuesday, 2 March 2021
Session 2
Tuesday, 9 March 2021
Session 3
Tuesday, 16 March 2021
Session 4
Tuesday, 23 March 2021


Time for all sessions:
11:00am - 12:30pm* AEDT in ACT, NSW, TAS & VIC
10:30am SA
10:00am QLD
09:30am NT
08:00am WA
*Sessions scheduled for 90 mins. but may run up to 2 hours with participant questions.

Recording access for 3 months
Reference notes included

What we cover

The Business Lifecycles Online Workshop will help you identify the key factors, opportunities and risk areas at every stage of a business client's lifecycle.

An essential webinar for every client facing accountant and adviser managing the structuring and tax outcomes for business clients.

The Early Years

  • Claiming deductions for start-up expenses
  • Understanding the instant asset write-off rules, accelerated depreciation rules and the key dates
  • Using employee share scheme (ESS) arrangements to provide non-cash remuneration to staff while minimising and deferring tax liabilities
  • Accessing the ESS start-up tax concessions
  • Ensuring clients don’t miss out on tax incentives for innovative activities, including the ESIC
  • concessions and R&D tax incentive
  • Working out whether funds raised through crowdfunding are subject to income tax or GST specific issues to consider when purchasing an existing business

Tuesday, 2 March 2021 at 11:00am - 12:30pm AEDT

Reference notes included.

Making Profits and Recouping Losses

  • Understanding the loss recoupment tests for sole traders, partners, companies and trusts
  • Working with the new company tax rate and franking rules in practice
  • Tax planning strategies to avoid wasting franking credits
  • Managing trust distributions in the most tax efficient manner and avoiding the most common traps
  • Partnership distributions and partner salary arrangements
  • PSI v non-PSI and when Part IVA might be a problem

Tuesday, 9 March 2021 at 11:00am - 12:30pm AEDT

Reference notes included.

Business Expansion

  • The key factors to consider when issuing new shares or units
  • Managing the technical and administrative issues when introducing a new partner
  • The tax risks when restructuring a business and the concessions that might help
  • Identifying key cross border tax issues
  • Understanding the tax issues associated with common funding arrangements, including Division 7A, on-lending arrangements and at-call loans

Tuesday, 16 March 2021 at 11:00am - 12:30pm AEDT

Reference notes included.

Exiting the Business

  • Equity sale v business asset sale
  • The key tax issues for different types of business assets
  • Managing GST and using the going concern rules
  • Understanding the tax treatment of earn-out arrangements for both parties
  • Identifying the key concessions and rollovers that can help clients minimise tax liabilities
  • The main risks and tax planning opportunities when winding up a company or trust

Tuesday, 23 March 2021 at 11:00am - 12:30pm AEST

Reference notes included.

Michael Carruthers
Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop in Sydney and is head of the Easton group’s national tax committee.

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a 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.

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Session 1: Tuesday, 21 July 2020 | Session 2: Tuesday, 9 March 2021
Session 3: Tuesday, 16 March 2021 | Session 4: Tuesday, 23 March 2021

11:00am - 12:30pm* AEDT in ACT, NSW, TAS & VIC
10:30am SA | 10:00am QLD | 9:30am NT | 8:00am WA

*Sessions are scheduled for 90 mins. but may run up to 2 hours due to participant questions.

Need group rates? Call (or email) Lee Marshall on 0434 067 133.

Member

Per person - 4 part online workshop, reference notes, 3 month online access

  • $420 Individual access
Member Register

Non-Member

Per person - 4 part online workshop, reference notes, 3 month online access

  • $499 Individual access
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.