Accounting, Tax and Financial Issues for Family Lawyers – a Live Online Conference
conference
Wednesday 14th November 2018 – LIVE online:

Vic, NSW, Tas, ACT – 1.30 to 5pm

Qld 12.30 to 4pm - SA 1.00 to 4.30pm

NT 12noon to 3.30pm - WA 10.30 to 2pm

REGISTER NOW!
-7 DAYS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE

Our annual 2-day family law conferences are among the most highly regarded professional development events we run, but we realise that not everyone can spare two days out of the office.  So we’re offering you a new way to access the experts online – a half-day online conference, focused on accounting, tax and financial issues for family lawyers.

You can put your staff in the boardroom and watch it there.  You can watch it on your computer or on your portable electronic device.  All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairperson, a panel of experts, presentations and discussion – and you’ll have an opportunity to ask questions.
 

Session 1: Tax Aspects of Family Court Property Orders and Agreements

Whether you settle or the matter is contested, the form of the final orders or the agreement you enter into must take account of taxation issues.  This webinar will examine common transactions that occur in property matters and their tax consequences:

  • The scope and nature of the CGT “divorce rollover”
  • Automatic application and recent case law
  • Treatment of future CGT liability in assets with unrealised gains
  • Transfers of assets and payments from private companies – application of Division 7A
  • Commissioner’s exercise of discretion under section 109RC – who bears top up tax liability
  • Removing beneficiaries from discretionary trusts
  • Extinguishing unpaid present entitlements from trusts
  • Forgiveness of credit loans to entities
  • Extinguishing debit loans from entities
  • Business restructures and asset transfers outside the “divorce rollover” necessitated by relationship breakdown:
    • use of small business rollover
    • use of CGT small business concessions
  • When should tax indemnities be provided and by whom?


Session 2: Hidden Wealth, Disclosure Obligations and Financial Statements

An important step in property settlement proceedings is determining the value and wealth of the parties. The Family Court Rules require the full and frank disclosure of the parties about any interests in property, income and financial resources.  But, these disclosure obligations are not always met. How do you know when you have all the relevant information? And, how can you uncover hidden wealth? With the rise of virtual currency and other intangibles, it’s never been more important for family lawyers to be across the details. In this session, a forensic accountant unpacks the complexities, including: 

  • Extent and scope of disclosure obligations
  • Types of hidden wealth and the common and not-so-common strategies used to hide assets 
  • Spotting the warning signs of hidden assets
  • Financial tracking and determining if all assets have been disclosed
  • How do you locate and value cryptocurrencies and other intangibles?
  • Practical case studies


Session 3: What’s it Worth: Valuing a Business in Property Settlements

When parties separate and commence property settlement proceedings, one of the more challenging steps can be valuing interests in business assets owned by either party.  Business valuations are tricky, and not without expense. This session looks at the key valuation issues involved with businesses and covers:

  • Identifying relevant interests in a business – either owned personally, or through any form of corporate entity, trust or partnership structure
  • When should you obtain a third party valuation?
  • The role of the forensic accountant
  • Determining fair market value – asset based approach v earnings based approach
  • Business valuation – how is it done?
    • goodwill
    • assets
    • stock
    • leases
  • “Double dipping” and s.75(2) – does the business have other associated benefits – security, future income, provision of payment of non-business expenses

 THE FACULTY

Kylie Howard, Solicitor, Glezer Lanteri & Associates, Melbourne (Chairperson)

George Kolliou, AG Tax Lawyers, Melbourne

Jim Mellas, Barrister, Melbourne

Arnold Shields, Forensic Accountant and Director, Dolman Bateman Accountants, Sydney Linda Tapiolas,

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 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES

TEN has been running live webinars since 2012 at the forefront of online CPD in Australia.

In 2017 we took the next step in the evolution of online CPD and introduced half-day online conferences to provide a platform that bridged the gap between attending a live webinar focused on one topic and attending a face to face conference.

And, we’ve had some great feedback to this new concept:

  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD CERTIFICATE

Delegates registered to attend the LIVE event will receive a CPD certificate for attendance.  Lawyers can claim up to 3 CPD units/points – substantive law.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au
Product Code: OFLNOV18
 Price:   $550.00 (Inclusive of GST)
© 2018 Television Education Network Pty Ltd. All rights reserved. The program for this conference is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.