The End of the Road Web Series

3 June & 10 June 2021

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The End of the Road Web Series

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

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

There are a range of reasons why a client might decide to wind up a company or trust.

The two part End of the Road Web Series looks at the key issues that accountants need to identify and manage when working through the wind up process for clients. 

We explore the opportunities for extracting cash and assets from a company or trust in the most tax effective manner as well as the areas of risk that can inadvertently be triggered when these entities are being closed down - essential knowledge for every client facing accountant.

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Thursdays: 3 June & 10 June 2021

12:00pm - 1:15pm AEST
11:30am SA & NT
10:00am WA

1.25 PD hours per webinar
Reference notes included
Recording access for 3 months

FPA Accreditation pending

What we cover

Web 1: Winding up a Company

Thursday, 3 June 2021

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

  • Using the Archer Bros. principle to extract tax-free capital gains from a company in the most tax efficient manner
  • 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 recent changes to the rules can impact on this

Web 2: Winding up a Trust

Thursday, 10 June 2021

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

  • 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

Our presenter

ProfileMichaelCarruthers

With Michael Carruthers
Tax Director
Knowledge Shop

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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.

Investment

Thursdays, 3 June & 10 June 2021
12:00pm - 1:15pm AEST, 11:30am SA & NT, 10:00am WA

Member

Reference notes and recording access for 3 months

  • $330 Individual access
  • $595 Office access*
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Non-Member

Reference notes and recording access for 3 months

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

*The office rate applies per office location (maximum number of participants temporarily increased to 20 per office location). 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.