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End of the Road Web Series

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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

A Live Instructor Led Webinar

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 and advisers need to identify and manage when working through the winding 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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AU $330 members
AU $395 non-members

Register Me

Register Team*

AU $870 members
AU $985 non-members

Register Team*

Knowledge Shop members, register through the portal for the discounted rate
(new portal | old portal)

Total 2.5 CPD Hours (est.)

Dates & Details

Friday, 3 May 2024
Friday, 10 May 2024

Time
12:00pm - 1:15pm AEST
11:30am SA & NT
10:00am 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 two-part End of the Road Web Series looks at the key issues that accountants and advisers need to identify and manage when working through the winding up process for clients.

What's included?

  • 2 x 1.25 hour (est.) webinars
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
1
1.25 CPD hours (est.)

Session 1 Winding up a company

May 3, 2024

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
  • Options and tax issues when extracting tax-free grants and other income from a 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
2
1.25 CPD hours (est.)

Session 2 Winding up a trust

May 10, 2024

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
  • Extracting tax-free income and gains from a 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

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael 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.