shopping_cart

Your shopping cart is empty

Private Business Tax Retreat

Published on 24 Feb 2022 | Took place at Palazzo Versace Gold Coast & Online, QLD

    This event has been designed for those advising private clients. The expert-driven program brings together leading advisers to examine the various stages of a business lifecycle and to offer practical advice for each key phase. Whether it’s encouraging a client to dip their toe in the water, take the plunge or how to avoid a total wipe-out, immerse yourself in the technical and practical and leave with an understanding of the right advice to give and when. Based on a dynamic case study, this event uses the facts of the case study to equip you with practical tips to advise your clients through their business life cycle.

Get a 20% discount when you buy all the items from this event.

shopping_cart Add all items to cart - $360.01
Individual sessions

Expanding onshore Advantages and disadvantages of acquisitions with consolidation

Author(s):  Elizabeth Allen,  Hayden BENTLEY

Ad hoc or opportunistic business growth presents a genuine opportunity to revisit a client’s existing structure(s). Where a group finds itself comprising multiple tax paying entities, it may be preferable to move towards a tax consolidated group – yes, even in the SME space! Choosing to consolidate though will naturally impact the tax considerations for continued expansion through acquisitions. This paper looks at the differences between consolidated and unconsolidated groups and the issues that arise when forming a consolidated group makes sense to meet the needs of an expanding business.

Materials from this session:

Handing over to the next generation

Author(s):  Jonathan Ortner,  Christine Fleer

Succession planning and dealing with intergenerational businesses can often be one of the most complex area for practitioners in the Private Groups space. The commercial and family dynamics regularly drive the outcomes, with tax considerations being secondary to the main objectives. This paper covers off some of the common tax and commercial considerations in transitioning businesses between generations and family members, including:

  • Remuneration of family members active in business operations
  • Dealing with pre and post CGT shares or trust interests [including K6 Events]
  • CGT Rollovers
  • Share buy-backs and dividend stripping
  • Establishing Family and Corporate Boards and;
  • Protecting remaining shareholders or beneficiaries.
Materials from this session:

Non-arm’s length income – the important changes, must know issues and key strategies

Author(s):  Daniel BUTLER,  Shaun Backhaus,  Bryce FIGOT

The ATO has adopted an extremely broad view on what is NALI. There is also the potential for certain amounts to be both NALI and a contribution. The ATO are still consulting on the difference between what might be NALI versus a contribution. There is now currently considerable uncertainty on many common place strategies which we will seek to clarify. This paper provides an overview of:

  • NALI/NALE – the key risks and latest developments
  • NALE with specific expense versus general expense nexus
  • What can a trustee do without invoking NALI
  • The ATO’s latest views on what is a contribution versus NALI (consultation draft ruling TR 2010/1-DC)
  • SMSF purchase 50% of business real property from a related party and the related party contributes the remaining 50%
  • What documentation is required to minimise risk.
Materials from this session:

Keeping it in the family

Author(s):  David Marks

Structuring wealth for families faces new challenges. David cover developments in:

  • Debt-collecting by tax authorities by suing relatives of the taxpayer, to undo ‘gifts’ made to them and;
  • What the recent cases about ‘gift and loan back’ tell us. Where are we up to?
Materials from this session:

Super Guarantee

Author(s):  Anushka De Alwis

In this paper Anushka covers:

  • High level overview of what it is and the implications when it is paid late
  • Rate rises from 1 July 2021
  • Announcement in budget of $450 threshold removal and;
  • Stapled superfunds.
Materials from this session: