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    Business Structures 
    & Restructures 
    Online Workshop

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

    Recorded: 14, 21 & 28 October & 4 November 2021
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    Business Structures & Restructures Workshop
    How to balance the tax issues with the commercial considerations to achieve the best possible outcome

    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.

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    Recorded 14, 21 & 28 October & 4 November 2021

    Reference notes included

    FPA accredited for a total of 6.5 CPD hours (012534, 012535, 012536, 012537)

    • 4.25 Technical competence
    • 2.25 Regulatory compliance and consumer protection

    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.

    Tab Content

    Session 1 - Putting an appropriate business structure in place from the start
    Thursday, 14 October 2021

    Session 2 - Common SME structures and when to change
    Thursday, 21 October 2021

    Session 3 - Tax issues when restructuring a business
    Thursday, 28 October 2021

    Session 4 - Tax consolidation & professional practices
    Thursday, 4 November 2021

    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 changing company tax rate and 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

     

    Thursday, 14 October 2021

    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

    Thursday, 21 October 2021

    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

    Thursday, 28 October 2021

     

    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
    • The latest ATO guidance on dealing with profits derived from a business structure rather than personal services
    • Staying under the Part IVA radar

    Thursday, 4 November 2021

    Our presenters

    With Michael Carruthers
    Tax Director, Knowledge Shop
    BCom LLB (Macq), CA, CTA

    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.

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    Investment

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

    Member

    Reference notes and recording access for 3 months

    • AU $420 per person
    Member Register

    Non-Member

    Reference notes and recording access for 3 months

    • AU $499 per person
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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 provided for cancellations on the day of the event and no credits within one hour of the event (if you cannot attend the date, you will have access to the interactive recording and reference notes). CPD certificates are only provided to the registered participant on completion of each session.

    Knowledge Shop

    The advisers adviser

    Level 2, 115 Pitt St
    Sydney NSW 2000
    Call 1800 800 232
    Email joinus@knowledgeshop.com.au

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