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Arbitrage strategies - Remuneration of business owners

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Published on 01 May 16 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The question of how to best remunerate a business owner is a subset of a larger set of questions around the broader wealth extraction strategy for a business owner in a small-to-medium business. This article focuses on how wealth is to be extracted while the owner is working in the business, and what plans are in place for how it is to be extracted on ultimate exit of that owner from the business. This article also considers the factors in determining the most effective way in which to do this while being mindful of the business owner’s exit plan. The focus is on companies. However, similar considerations may apply to businesses operating through trusts. This article also addresses tax and other related issues to be considered when planning and implementing a business owner’s wealth extraction strategy.

Author profiles

Dean Crossingham CTA
Dean has over a decade of experience providing tax advisory and compliance solutions. He advises on all areas of tax concerning private enterprise and family groups. Dean's expert yet pragmatic approach provides comfort and clarity to CABEL Tax clients. Dean is a member of Chartered Accountants Australia and New Zealand, and he also holds a Master of Applied Taxation from the University of New South Wales. - Current at 06 January 2016
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Kaylene Hubbard ATI
Kaylene Hubbard, ATI, is a Tax Partner with KPMG Enterprise and is the Managing Partner of KPMG’s office in Greater Western Sydney. Kaylene’s experience spans over 20 years in working with corporates, including ASX listed entities, private owners, family groups and their businesses across a wide range of industries to grow, create and protect value. Her expertise includes developing appropriate business structures and funding arrangements, capital management, mergers and acquisitions, business restructures and assisting clients in their dealings with the Australian Taxation Office. Kaylene has a deep interest and experience in the not-for-profit and charity sector. Kaylene has worked extensively with not-for-profit entities seeking to change their corporate and tax structure, and in pursuing tax exempt status for entities. She has experience in seeking charity status for organisations, in seeking Deductible Gift Recipient status and in advising not-for-profit entities regarding their governance and compliance obligations. Kaylene is passionate about empowering the sector to grow, impact and adapt in a changing environment. - Current at 03 February 2023
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