The End of the Road Web Series

The tax opportunities & risks when winding up a company or trust

5 June 2020 & 12 June 2020

Individual Register

Opportunities to extract profits/assets in a tax effective manner
Identify the risk areas that need to be managed
Utilising the concessions that are built into the tax rules

There are a range of reasons why a client might decide to wind up a company or trust. This series looks at the key issues that accountants need to identify and manage when working through this process. 

We look at the opportunities for extracting cash and assets from a company or trust in the most tax effective manner as well as the risk areas that can inadvertently be triggered when these entities are being closed down.

Can't make the live session?  3 month recording access is provided to all registrants. 

Individual Register
Office Register
Member Register

What we cover

Webinar 1: Friday, 5 June
Winding up a Company

Part 1 of the series looks at specific issues that arise when winding up a company.

We look at:
  • Using the Archer Bros principle to extract tax-free capital gains from a company in the most tax efficient manner
  • The different ways of winding up a company
  • Dealing with Division 7A loans that are owed to the company
  • Tax issues that need to be considered before releasing any unpaid trust distributions owed to the company
  • Using the small business CGT concessions to extract funds from a company and how the Government's recent changes can impact on this 

Webinar 2: Friday, 12 June
Winding up a Trust

Part 2 of the series looks at issues that arise when a trust is wound up.

We look at:
  • The difference in treatment between unit trusts and discretionary trusts
  • Dealing with the forgiveness of debts or unpaid distributions owed by the trust
  • CGT issues that need to be considered when assets are transferred to beneficiaries
  • Identifying and managing possible Division 7A issues that could be triggered
  • Step by step guide to working through the commercial debt forgiveness rules
Individual Register
Office Register
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Our Presenter
Michael Carruthers

Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight 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

Friday, 5 June 2020 & Friday, 12 June 2020

12:00pm - 1:00pm AEST in ACT, NSW, QLD, TAS & VIC
11:30am SA & QLD | 10:00am WA

Members

  • $330 Individual access
  • $595 Office access*
Member Register

Non-Members

  • $400 Individual access
  • $665 Office access*
Individual Register
Office Register

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.

*The office rate applies per office location (the maximum participants per office location has increased temporarily to 20). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).