Business Structures & Restructures

How to balance the tax issues with the commercial considerations to achieve the best possible outcome

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The confidence to sit down with clients and explore business structure options
Opportunities within the tax system to restructure in a more efficient way
Practical tips on how business structures impact on the company tax and franking rate rules!

Business structure makes a difference.

The Business Structures & Restructures Workshop helps you identify key factors and risk areas when creating a structure, 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 new small business restructure rollover rules.

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

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Dates & Details

Melbourne 21 April 2020 | Brisbane 28 April 2020 | Sydney 01 May 2020

8 PD Hours, 6.5 active PD hours (for ASIC purposes)
Reference book included
Bring a calculator and jacket

What we cover

Business Structure Makes
A Difference

It impacts on:

  • The amount of tax that will be 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

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
  • The impact of the new company tax rate and franking rate rules
  • Warning on joint venture arrangements 

Balancing tax and commercial considerations

  • Tax issues
  • Risk and asset protection
  • Business efficiency
  • Cash flow
  • Flexibility
  • Access to the small business CGT concessions

"Excellent, I learnt some great things I wasn’t aware of previously.”

2019 Sydney participant

Professional Practice Structures

The ATO has been very active in this area recently. It's important to be across the latest developments and guidance to stay under the Part IVA radar.

  • 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
  • What the ATO expects when business profits are derived from a business structure rather than personal services
  • Staying under the Part IVA radar

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 on moving into a new structure

  • Small business CGT concessions, including recent changes to the rules
  • The new small business restructure restructure rollover rules
  • Other rollovers and exemptions
  • GST and the going concern provisions
  • Depreciating assets and trading stock
  • What happens to tax losses?

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
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Our Speaker

Michael Carruthers
Micael Carruthers
TAX DIRECTOR, KN0WLEDGE SHOP

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.

He oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton Investments’ national tax advisory committee. He is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board of Taxation’s recent review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business. Michael was the 2016 Thought Leader of the Year at the Australian Accounting Awards.

Investment

Early Bird

Per person
For payments received by 20 March 2020
  • $620 - Member
  • $670 - Non-member
Not a member? Find out more
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General

Per person
For payments received after 20 March 2020
  • $685 - Member
  • $735 - Non-member
Not a member? Find out more
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Terms & conditionsAll 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.

Venues & Times

Melbourne
Tuesday, 21 April 2020
Rendezvous Hotel
328 Flinders St, Melbourne

Brisbane
Tuesday, 28 April 2020
Hilton Brisbane
190 Elizabeth St, Brisbane

 

Sydney
Friday, 1 May 2020
Cliftons Margaret St
60 Margaret St, Sydney

 

Time
All workshop sessions
8.30am Registration
9.00am - 5pm Workshop

 

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