The End of the Road Web Series

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

Recorded 5 June 2020 & 12 June 2020

Individual Recording

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.

Individual Recording
Office Recording
Member Recording 

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

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

Register

 

Individuals

$330 Member
$400 Non-member

 

 

Office

$595 Member*
$665 Non-member*

 

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

 

How to access the recording

  1. Knowledge Shop members, access your discounted pricing by logging into the Knowledge Shop member website and registering. More on membership.
  2. For Individuals:
    • Register and we will email you your access details to Knowledge Shop's IQ platform (generally within 24 - 48 hours).
    • Your recording and any successive recordings you purchase will display on your personal profile.
  3. For Offices (access for up to 10 individuals from the same firm): 
    • Register and we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
    • You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
  4. Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant. 

  

 
Terms & Conditions 
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed.  Refunds are only possible if the webinar recording has not been accessed.