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Companies - Back in favour? presentation

Member Price: Free
Non Member Price: $15.00

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Published on 02 May 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

With the recent crackdown on UPEs (Div 7A) and the uncertainty regarding taxation of trust income, more people are looking to companies again as an operating structure.

This presentation includes:

  • a brief overview of the issues currently being faced by taxpayers operating through trusts
  • a brief overview of the general advantages and disadvantages of operatingthrough a company (tax and non-tax)
  • discussion on the use of a company for conducting a business, including mechanisms which may be used to minimise any perceived disadvantages
  • discussion on structuring options to try and achieve “the best of both worlds”
  • discussion on whether a company could be effectively used as an investment vehicle.

Author profile

Nicholas Wilkins CTA
Nick Wilkins, CTA provides taxation, accounting and business services to clients ranging from individuals to high net wealth family groups. His areas of speciality include capital gains tax (including the small business CGT concessions), deceased estates and small business entity concessions. Nick has extensive experience in helping small and medium size businesses maximise their potential and value – through management accounting, budgeting and benchmarking and by attending board and management meetings. His expertise helps clients maximise their return from the small business CGT concession. Nick is a long-standing contributor to the Australian accounting profession through his involvement with The Tax Institute, both locally and nationally. He was chair of the SA State Council 2021-22 and has served as a member of the National Convention Organising Committee and the SA Organizing Committees. He has made numerous presentations for The Tax Institute on topics including personal services income, employee/contractors and structuring. - Current at 29 June 2023
Click here to expand/collapse more articles by Nick WILKINS.

 

This was presented at 46th South Australian Convention .

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