Business Structures & Restructures Online Workshop

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

4-part live online series recorded:
21, 28 July, 4, & 11 August 2020

Individual Recording

Business structure makes a difference.

The Business Structures & Restructures Online 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 online workshop series also explores how to apply the 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.

Individual Recording
Member Recording 

Knowledge Shop members, login for the discounted rates

4-part online series
Recorded - 
21 July 2020
28 July 2020
4 August 2020
11 August 2020

*Sessions were scheduled for 90 mins. but may have run up to 2 hours due to participant questions

Reference notes included
3 months access to recording

What we cover

This interactive instructor-led training spanned 6 hours over 4 sessions and 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.

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 the new company tax rate and franking rate rules
  • 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
    • Mixture 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 new 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 and 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
  • What the ATO expects when business profits are derived from a business structure rather than personal services
  • Staying under the Part IVA radar

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

Recorded
Session 1:
Tuesday, 21 July 2020 | Session 2: Tuesday, 28 July 2020
Session 3: Tuesday, 4 August 2020 | Session 4: Tuesday, 11 August 2020

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

Member

Per person - 4 part online workshop 

  • $420 Individual access
Member Recording 

Non-Member

Per person - 4 part online workshop 

  • $499 Individual access
Individual Recording

Terms & conditionsAll 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.