Business Structures & Restructures Workshop

How to balance the tax issues with the commercial considerations to achieve the best possible outcome
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Business Structures & Restructures

"Excellent and learnt some great things wasn’t aware of before."
2019 Sydney Workshop participant

Opportunities within the tax system to restructure in a more efficient way
The latest ATO guidance on profits of professional services firms
The confidence to explore business structure options with clients

Business structure makes a difference.

The Business Structures & Restructures Workshop helps you to identify key factors and risk areas when putting a structure in place, recognise when a structure is past its 'use by' date, and manage structural change.

Sometimes the best structure from a tax perspective just doesn’t make sense commercially. There is no 'one size fits all' approach and often the right structure involves compromise. But understanding what compromises to accept requires an understanding of the impact of each. We show you what makes the difference and why.

This workshop also explores how to apply the small business restructure rollover rules.

Best suited to partners/directors, managers and client facing team members as well as CEOs and CFOs from mid-sized or growing SMEs.

FPA Accreditation: pending

Sydney

Friday 18 June 2021
Sydney Hilton (map)
8:30am - 5:00pm

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Melbourne

Tuesday 22 June 2021
DoubleTree By Hilton (map)
8:30am - 5:00pm

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Brisbane

Friday 25 June 2021
Brisbane Hilton (map)
8:30am - 5:00pm

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Knowledge Shop members, login for the discounted rates

What we cover

Business structure impacts on:

  • The amount of tax paid and when it’s paid
  • The risk exposure for owners and management
  • Ease of succession planning, and
  • Costs of operation and ease of debt funding

The Business Structures & Restructures workshop will help you to identify key factors and risk areas when creating a structure, recognise when a structure is past its 'use by' date, and manage structural change.

Using real life case studies, the workshop is designed to give you confidence when approaching business structures.

Putting an appropriate business structure in place from the start

Overarching principles for business structures
  • Making sure the fundamentals aren’t forgotten
  • Competing tensions
Key features of different entity types
  • Advantages and disadvantages of operating as a sole trader, partnership, company or trust
  • Issues that need to be considered when setting up the business structure
  • The impact of changing company tax rates and maximum franking rates
  • Warning on joint venture arrangements
  • Practical solutions to common problems
Weighing up the main factors
  • Tax issues
  • Risk and asset protection
  • Business efficiency
  • Cash flow
  • Flexibility
  • Access to the small business CGT concessions

Common SME structures and when to change

Common SME structures
  • Advantages, disadvantages and issues to consider for common SME structures
    • Companies with shares held by trusts
    • Partnerships of trusts
    • Unit trusts
    • Mix of company and trust structure
    • Holding company / subsidiary company
  • When particular structures might be more suitable than others
  • Current thinking and practical solutions
Moving to a more complex structure
  • Identifying when a business has outgrown its existing structure
  • Are you change friendly?
  • Managing the change process
  • Avoiding the traps

Tax issues when restructuring a business

CGT issues on moving to a new structure
  • Fundamental CGT issues that need to be managed
  • Applying the small business CGT concessions, including recent changes to the rules
  • The impact that a client’s business structure can have on accessing the small business CGT concessions
  • Common traps and how to manage them in practice
Applying rollover relief
  • The small business restructure rollover rules and when they can be used
  • Specific rollovers that are aimed at business restructures
  • Weighing up the advantages and disadvantages of the different rollover options
Other tax issues to consider
  • GST and the going concern provisions
  • Depreciating assets and trading stock
  • Franking credits and tax losses

Tax consolidation & professional practices

Using the tax consolidation rules
  • Costs and benefits of forming a consolidated group
  • A step-by-step guide to the consolidation rules for SMEs
  • Ensuring a taxable gain is not triggered on formation of a group
  • Bringing losses into a consolidated group and using them
Professional Practice Structures
  • How to determine whether income is derived from personal services or a business structure
  • The tax impact of failing the PSI rules
  • What the ATO and courts expect when the PSI rules are passed
  • The latest ATO guidance on dealing with profits derived from a business structure rather than personal services
  • Staying under the Part IVA radar

Our presenter

Michael Carruthers
Tax Director, Knowledge Shop

Michael Carruthers

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

Sydney 18 June 2021 Melbourne 22 June 2021 Brisbane 25 June 2021

Need group rates? Call (or email) Lee Marshall on 0434 067 133.

Early Bird

Early bird ends Friday 21 May 2021
  • $620 per person - Knowledge Shop Member
  • $670 per person - Non-Member
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Non-Member

For registrations received after Friday 21 May 2021

  • $685 per person - Knowledge Shop Member
  • $735 per person - Non-Member
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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 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.