Small Business Taxation – a live lunchtime online conference

Online Conferences,Taxation,Small Business Taxation – a live lunchtime online conference
Tuesday 13th July 2021
Vic, NSW, ACT, Qld, Tas: 12 noon to 2.45pm
SA/NT: 11.30am to 2.15pm
WA: 10am to 12.45pm
REGISTER NOW!
4 WEEKS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE
Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson, presentations and you'll have an opportunity to ask questions via online chat.

One registration can be shared by colleagues within the same firm utilising the same login.

 THE PROGRAM

Session 1: Small Business CGT – Are My Assets Active?

The concept of an “active asset” is fundamental to the application of the small business CGT concessions. Recent cases have created confusion amongst advisers and their clients in this supposedly “basic” area. This seminar seeks to clarify some of the uncertainty and covers the following issues:

  • What is an active asset? (i.e. analysis of section 152-40 of the ITAA 1997)
  • Analysis of recent cases, guidelines and rulings (e.g. FCT v Eichmann [2019] FCA 2155 and SWPD and FCT [2020] AATA 555)
  • Review of recent amendments to the definition of active asset (e.g. “new” active asset test for shares or interests in trusts)
  • Practical case studies

Session 2: Business Sales, Restructures and Rollovers in a Post COVID Landscape

The COVID-19 pandemic has prompted many business owners to rationalise, restructure, sell or transfer their operations. This session examines the tax consequences of such transactions and also highlights any concessions which may be available, as well as the impact of recent Federal Budget changes. It covers:

  • Overview of various rollovers and concessions (e.g. small business restructure rollover, small business CGT rollover, section 122-A rollovers)
  • Increase in small business turnover threshold for small business tax concessions
  • Tax consequences of transfer of business assets (e.g. plant and equipment, trading stock, goodwill, other CGT assets)
  • Intergenerational transfers
  • Earn-out arrangements
  • Practical case studies (e.g. should I crystallise a capital gain or apply a rollover)

Session 3: Market Value: Often Used, Rarely Understood

The concept of market value is fundamental to several areas of the tax law. Unfortunately, it is not adequately defined anywhere in the tax rules. Moreover, the tax effectiveness of particular schemes or arrangements will often be dependent on the market value of particular assets. This session examines this often misunderstood concept and provides practitioners with some clarity. The following areas are discussed:

  • What is market value? Unpacking the key issues
  • Analysis of case law, ATO guidelines and rulings
  • Analysis of the legislative provisions which rely on the concept of market value (e.g. NAV test, market value substitution rules)
  • Market value considerations in the post COVID-19 economy
  • Practical scenarios (e.g. when is a professional valuation necessary?)
 THE FACULTY

Andrew Henshaw, Director, Velocity Legal, Melbourne (Chair)

Natalie Hewson, Partner, FMA Partners, Sydney

Kirsty McDonnell, Partner, Baskin Clarke Priest, Sydney

Matthew McKee, Partner, Brown Wright Stein Lawyers, Sydney

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 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • 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.  Accountants can claim 2.5 CPD/training hours. 

EARLY BIRD REGISTRATION

If you register and pay by 25th June 2021 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Hayley Williams–Cameron on (03) 8601 7730 or email: [email protected]



© Television Education Network Pty Ltd 2021

Product Code: OTXJUL21
 Price:   $495.00 (Inclusive of GST)