Current Issues in Small Business Tax - a Live Online Conference
Wednesday 8th November 2017 – LIVE online from:
VIC, NSW, ACT and TAS – 1.30 to 5pm
SA 1.00 to 4.30pm
WA 10.30am to 2pm
NT 12noon to 3.30pm
QLD 12.30pm to 4pm
-286 DAYS
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There are many pressing issues facing your small business clients.  This is the first in an ongoing series of half-day online conferences which will address topical tax issues affecting SMEs.  The idea is to bring the conference into your office, so there’s no travel time, no away from the office time.

The topics have been carefully researched with our expert panels, and rated by past conference attendees. 

The conference will be chaired by Philip Diviny, Consulting Principal, Keypoint Law, Melbourne.

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, no matter how many of your staff watch.

The conference will be based on our highly successful video webinar technology: there’ll be a chair, a panel of experts, presentations and discussion – and you’ll have an opportunity to ask questions.  Even though it’s online, it will be run to the same standard as our face to face conferences.

Session 1: Small Business Restructure Rollover: A Practical Guide

The small business restructure rollover is a useful tool that allows clients to move out of inefficient structures, without triggering adverse tax consequences. But, while the rollover provides significant opportunities for small businesses, there are traps and tips which you need to take into account when applying it.  This session covers:

  • What is a genuine small business restructure?
  • Ensuring no change in ultimate economic ownership
  • Tax implications of rollover – tax liability and value received by parties
  • Transferring eligible assets – understanding asset categories including CGT assets
  • Eligible entities – does the transferor or transferee have to be running a business?
  • The position of trusts in the restructure – the question of ultimate economic ownership
  • State tax implications and small business restructure
  • Dealing with shares or interests in a company or trust in rollover
  • Case study – tax benefits of Div. 152 concessions and small business rollover concession – a comparison
  • Case study - contrived arrangement to gain concessions: integrity and anti-avoidance

Speaker:  George Kolliou, Director, AG Tax Lawyers, Melbourne   

Session 2:  Tax Headaches for Small Property Developments

Landowners seeking to subdivide, build and sell their land to meet demand for residential property face a raft of tax structuring challenges. This session unravels the main tax issues for small property developments and includes:

  • Income and capital divide – preserving the capital status of the asset
  • A mere realization of the capital asset – when can this apply?
  • Tax consequences when development is not a mere realization
  • Where land is treated as trading stock of a business – valuation and tax implications
  • A profit-making undertaking – revisiting FCT v Whitfords Beach Pty Ltd
  • Partnerships in property developments – is this a good idea?
  • Deductibility of interest in property development financing
  • Evidentiary requirements for tax purposes – Keeping the ATO off your client’s back

Speaker: Anna Wilson, Barrister, Melbourne

Session 3: The End is Nigh – Tax Issues on Liquidation of Companies

A company may be placed into voluntary liquidation for a variety of reasons. When the directors of a solvent company decide to wrap up their company, careful planning is required to maximise the tax advantages. This session shows you how to get the assets out of companies in a tax-effective manner. It covers:

  • Members’ voluntary liquidation versus deregistration
  • Identifying pre CGT gains – how to get them out tax free
  • Cleaning up franking accounts and maximizing tax benefits
  • Dealing with loans – forgiveness, debt and Div. 7A implications
  • MVPs:
    • which parts of the liquidator’s distribution is taxable to the shareholder?
    • the interaction with the CGT discount and the small business CGT concessions
    • CGT traps to watch
    • stamp duty and GST issues
    • liquidator’s potential liability and how to manage it

Speaker: Nahum Ayliffe, Senior Associate, Aitken Partners, Melbourne

If you need assistance or have an enquiry, please do not hesitate to contact our Conference Coordinator, Jenna Pickrell on (03) 96702055 or email:
Product Code: OSBNOV17
 Price:   $440.00 (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.