Business Lifecycles
Online Workshop
The tax issues and planning opportunities at every stage of the business lifecycle
Ensure clients don’t miss out on concessions at the start and end of the business lifecycle
Managing tax liabilities for business entities and their owners
Practical tips on how to assist clients at each stage of the business journey
A 4-Part Live Instructor Led Online Workshop
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 to 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.
Best suited to partners/directors, managers and client facing team members.
Register Me
AU $520 members
AU $580 non-members
Register Team*
AU $1,295 members
AU $1,450 non-members
Knowledge Shop members, login for the discounted rate.
Details
Recorded: 7, 14, 21 & 28 March 2023
FPA accredited for a total of 8 CPD hours (30638, 30639, 30640, 30641)
- 4.0 Regulatory compliance and consumer protection
- 4.0 Tax (financial) advice
Terms & conditions: All 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.
*Office Registrations. Maximum 20 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.
"Covered many important rules that we need to consider daily in our work. Thank you."
2021 Attendee
What we cover
The Business Lifecycles Online Workshop will help you to identify key factors, opportunities and risk areas. Using real life case studies, the workshop is designed to give you confidence when helping clients through their business journey.
What's included?
- 4 x 2 hour (est.) webinar
- 3 month access to Q&A embedded webinar recording - so don't worry if you can't make all of the live dates
- Reference notes
Session 1 The early years
- Claiming deductions for start-up expenses
- Understanding the temporary full expensing rules, instant asset write-off 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 company 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
Session 3 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
Session 2 Making profits and recouping losses
- Understanding the loss recoupment tests for sole traders, partners, companies and trusts
- Working with the two-tier 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
- Applying the ATO’s new guidance on section 100A to trust distributions
- Partnership distributions and partner salary arrangements
- PSI v non-PSI and when Part IVA might be a problem
Session 4 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
Our presenter
Michael Carruthers
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 is a member of the advisory panel for the Board of Taxation and is 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.