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104399
Individual Podcasts

Tax Consequences of Winding up the Business

As the saying goes “all good things must come to an end”. This session explores some of the options available to conclude the life cycle of a business with the aim of keeping as much surplus as possible in the hands of the business owners, including: Strategies to deal with deb
PRESENTED BY Mark Molesworth Partner - BDO , Brisbane

Date/Time

About the Podcast

As the saying goes “all good things must come to an end”. This session explores some of the options available to conclude the life cycle of a business with the aim of keeping as much surplus as possible in the hands of the business owners, including:

  • Strategies to deal with debit shareholder loans
  • What are the tax implications of ultimately paying out funds to shareholders that have benefited from the small business CGT:
    • 15-year exemption
    • 50% reduction
    • rollover retirement exemption
    • small business rollover
  • When can a tax effective genuine redundancy payment be an option for the business owner? (TR 2009/2)
  • The tax implications regarding the timing of:
    • unused long service leave payments
    • termination payments
  • What are the tax implications of opting to voluntary liquidate a company? (TD 2001/27 TD 95/10)
  • How the franking account may be tapped into for tax effective dividend payments from retained profits over numerous years post business
  • Case studies

Presented By

Mark Molesworth
Partner, BDO Brisbane, QLD

Mark is a partner with chartered accounting firm BDO’s tax division. He has more than 20 years’ experience in advising taxpayers with respect to all areas of taxation including CGT, FBT, and income tax.

Some of his areas of speciality include international tax, the small business CGT concessions, the debt/equity provisions and the trust loss provisions.

He also provides taxation advice to other smaller accounting and legal practices in respect of their clients.

Mark has Bachelor of Commerce and Bachelor of Laws degrees from the University of Queensland and is a Chartered Accountant and Chartered Tax Adviser.

CPD Information

0.3 CPD hours

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 8601 7700 or email: [email protected]

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