Business Structures & Restructures Online Workshop

How to balance the tax issues with the commercial considerations to achieve the best possible outcome

Gain the confidence to explore business structure options with clients
Opportunities within the tax system to restructure in a more efficient way
The latest ATO guidance on profits of professional services firms

A 4-Part Live Instructor Led Online Workshop

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.

Total 7 CPD Hours (est.)

Dates & Details

Monday, 4 December 2023
Wednesday, 6 December 2023
Monday, 11 December 2023
Wednesday, 13 December 2023

11:00am - 1:00pm AEDT
10:30am SA
10:00am QLD
9:30am NT
8:00am WA

FAAA accreditation pending

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 15 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.

What we cover

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.

What's included?

  • 4 x 1.5 hour (est.) webinars
  • 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
1.5 CPD Hours (est.)

Session 1: Putting an appropriate business structure in place from the start

December 4, 2023

Overarching principles for business structures

  • Making sure the fundamentals aren’t forgotten
  • Competing tensions

Key features of different entity types

  • Advantages and disadvantages of operating as a sole trader, partnership, company or trust
  • Issues that need to be considered when setting up the business structure
  • Dealing with the ATO’s latest guidance on trusts and section 100A
  • The impact of the changing company tax rate and franking rates
  • Warning on joint venture arrangements
  • Practical solutions to common problems

Weighing up the main factors

  • Tax issues
  • Risk and asset protection
  • Business efficiency
  • Cash flow
  • Flexibility
  • Access to the small business CGT concessions
1.5 CPD Hours (est.)

Session 3: Tax issues when restructuring a business

December 11, 2023

CGT issues on moving to a new structure

  • Fundamental CGT issues that need to be managed
  • Applying the small business CGT concessions, including recent changes to the rules
  • 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
1.5 CPD Hours (est.)

Session 2: Common SME structures and when to change

December 6, 2023

Common SME structures

  • Advantages, disadvantages and issues to consider for common SME structures
    • Companies with shares held by trusts
    • Partnerships of trusts
    • Unit trusts
    • Mixture of company and trust structure
    • Holding company / subsidiary company
  • When particular structures might be more suitable than others
  • Assessing the impact of recent ATO guidance on trust structures
  • Current thinking and practical solutions

Moving to a more complex structure

  • Identifying when a business has outgrown its existing structure
  • Are you change friendly?
  • Managing the change process
  • Avoiding the traps
1.5 CPD Hours (est.)

Session 4: Tax consolidation & professional practices

December 13, 2023

Using the tax consolidation rules

  • Costs and benefits of forming a consolidated group
  • A step-by-step guide to the consolidation rules for SMEs
  • Identifying whether a taxable gain could be triggered on formation of the group
  • Bringing losses into a consolidated group and using them

Professional practice structures

  • How to determine whether income is derived from personal services or a business structure
  • The tax impact of failing the PSI rules
  • What the ATO and courts expect when the PSI rules are passed
  • The ATO's guidance in PCG 2021/4 on dealing with profits derived from a business structure rather than personal services and guidance that isn't contained in the PCG
  • Staying under the Part IVA radar

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

ProfileMichaelCarruthersMichael 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.