Recorded Webinar: Small Business Company Tax Rate - Risks and Opportunities


4th March 2019

Duration:  approx. 1.5 hours

The reduction in the small business entity company tax rate from the 2016/17 year has been modified by further changes which apply from the 2017/2018 year. These legislated and anticipated changes in the corporate tax rate for small business entities can trip up the unwary and result in trapped franking credits or over-franking of dividends. This session identifies the risks and opportunities that arise with the reduced tax rate and discusses the following issues by reference to worked examples:

  • What is the differences between the franking rate and the tax rate?

  • How to maximise the franking credits without risking overfranking?

  • Changes from 2017/18:

    • what is base rate passive income?

    • how do the look-through rules in relation to trust distributions work?

  • Practical compliance tips:

    • how to lodge before the legislation passes - Lodge and amend versus lodging based on the new rules

    • what to do in the event of inadvertent overfranking: the ATO’s approach (PCG 2018/D5)

    • repeal of the ‘carrying on a business’ requirement - do any 2017/18 returns need to be reviewed and amended?

Our presenter

Damian O’Connor, Principal, Tax + Law, Brisbane

Damian is a Tax Lawyer and Chartered Tax Advisor with clients in Melbourne, Brisbane, the Gold Coast, around Australia and overseas.

He has been helping clients with Corporate, Commercial and Tax aspects of their businesses for 18 years, most recently as a tax partner with national law firms, following 23 years with the Australian Taxation Office as an investigator and auditor and in other roles.

Damian has assisted many clients with the tax complications of planning and structuring their business and financial affairs, and has successfully managed taxation audits (including payroll tax and state duty dealings), debt and penalty negotiations, Director Penalty claims, private rulings, objections and tax appeals to the AAT and the Federal Courts.

He has considerable experience working for clients when the going gets tough, and has defended tax prosecutions and managed many contentious, complex, high risk and high stress tax matters, including Project Wickenby raids.

Damian regularly presents seminars on tax aspects of business transactions, family law, trusts and estates, Division 7A, superannuation and most other areas of tax law for a range of organisations.

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email:
Product Code: WBAMAR19
 Price:  $264.00 (Inclusive of GST)
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