Company Tax Workshop

How to successfully manage company tax and franking credits for company clients - trading, investing, passive, large or small!
 
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Issues, risks and solutions when managing company clients
Implications of recent changes - company losses, Division 7A, company tax & franking & more
Case-study based learning

The tax landscape for companies has changed significantly over recent years. Almost every element of a company’s lifecycle is impacted in some way by these changes. This essential company tax program walks you through the best practice methods of managing your company clients and identifies the issues, risks, and forward planning required to achieve the best outcome.

Led by in-demand trainer Jo-anne Hotston (Director and lead trainer for TaxBytes), this practical workshop will give your team the knowledge they need to efficiently and accurately manage the tax and accounting work for company clients.

“It has been one of the best sessions I have attended”.

2018 Sydney participant

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2019 Dates & Details

Sydney 14 October | Melbourne 25 October | Brisbane 4 November

Early bird ends Friday 13 September

8 PD Hours (6.5 active hours)
Reference book included
Bring a calculator and jacket

What We Cover

This practical workshop covers:

Company losses

Do recently enacted changes make it easier for your clients to access brought forward losses?

  • Converting excess franking offsets into tax losses – then which losses are used first – general tax losses or losses from excess franking credits?
  • Utilising prior year losses under the new rules
  • Continuity of ownership test (COT) – what happens when there are different classes of shares?
    • Even when COT is passed a company needs to consider whether there has been a change in control
  • The NEW business continuity test and the conditions that must be met:
    • The ‘same business test’, or
    • The new ‘similar business test’ - the intention of this test is to be more flexible and easier to pass than the ‘same business test’. Do the new rules fulfil this intention?
  • Current year losses - when a change of shareholding takes place part way through the year - do you need to consider the often overlooked current year loss provisions and the possible effect on new shareholders
  • Losses and tax planning

Commercial debt forgiveness

  • Entity to entity loans and what happens when it all goes wrong
  • Division 7A issues and exclusions
  • What is a commercial debt?
  • Loans between related parties
  • Angel investors loan to company is converted to share capital – what are the tax consequences?
  • When is a debt written-off?
  • Debts forgiven for reasons of natural love and affection
  • Loans between related parties – tax relief for entity writing off-loan, tax detriment for borrower
  • Double jeopardy – no tax relief for lender but tax detriment for borrower
  • Partnership debt forgiven – effect on partners

Not your money - Division 7A

Changes outlined by the Board of Taxation Review into Division 7A and Treasury’s subsequent discussion paper will radically change the way shareholders manage Division 7A loans. And, may even question whether it’s worth borrowing money from the company in the future. These changes are now scheduled to commence 1 July 2020.

  • Division 7A and family law
    • Why the tax concessions don’t always help when your client’s relationship breaks down
    • When taxable dividends can be triggered without anyone realising
    • The dangers of writing off, forgiving or assigning loans
  • The renewed ATO focus on indirect benefits
  • Navigating the impending changes
  • Common Division 7A problems and how to resolve them
  • Best practice for managing Division 7A loans

"Interesting and informative. Jo-anne is a great presenter".

2018 Melbourne participant


Company tax & franking

How bringing forward the corporate tax rate changes by 5 years will affect your planning for company clients.

  • How to determine the corporate tax rate and the company’s imputation rate
  • What effect will the reduction in the corporate tax rate to 25% have on a company’s ability to frank dividends?
  • How to utilise excess franking credits generated by a company when its corporate tax rate was 30% or 27.5%
  • Can the franking rate change from year to year and is it possible for a company to revert to a 30% franking rate?

The crucial update

  • When is a company carrying on a business for the purposes of the Small Business Entity (SBE) concessions?
  • If a company is an SBE, what are the carve- out rules for simplified depreciation and the Instant Asset Write-off concessions?
  • Changes to the administration of companies - proposed Director Identification Number (DIN), extending the director penalty regime to GST and other taxes, proposed rules to prevent phoenixing
  • The February 2018 Small Business CGT Concession changes. How these impact on companies and what happens when a company is liquidated. Is the 50% active asset exemption less attractive?


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Our Speaker

Jo-anne Hotston
Jo-anne Hotston
Director & LEAD TRAINER, tAXBYTES
We all know tax can be a little dry. This is why Jo-anne is a sought after corporate trainer and presenter. Her engaging and practical style brings training to life.
 
Since starting TaxBytes in 1995, Jo-anne has built a deeply loyal client base. This is simply because she is a rarity – that unique combination of technical knowledge, pragmatic application, and charisma. Jo-anne is a regular presenter for the major professional associations including the Chartered Accountants Australia and New Zealand and The Taxation Institute of Australia and is a monthly presenter on CPE.TV.
 
A former director of a mid-tier accounting group, Jo-anne is a Fellow of CAANZ, a Chartered Tax Advisor with TTI and holds a Masters in Taxation from the University of Sydney.

Investment

Early Bird

Per person
For payments received by Friday 13 September
  • $620 - Member
  • $670 - Non-member
Not a member? Find out more
Register

General

Per person
For payments received after Friday 13 September
  • $685 - Member
  • $735 - Non-member
Not a member? Find out more
Member Registration

Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for cancellations received 14 days or less of the event date under any circumstances. No credits are available less than 4 days prior to the event under any circumstances.

Venues & Times

Sydney
Monday 14 October 2019
Macquarie Graduate School of Management (map)
Angel Place, Level 24, 123 Pitt St, Sydney

Melbourne
Friday 25 October 2019
RACV City Club (map)
501 Bourke St, Melbourne

Brisbane
Monday 4 November 2019
Brisbane Hilton (map)
190 Elizabeth St, Brisbane

 

Time
All workshop sessions
8.30am Registration
9.00am - 5pm Workshop

 

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