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