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Recorded Webinars

Recorded Webinar: Getting Funds Out of a Company Tax Effectively

A perpetual issue for tax practitioners is tax effectively dealing with funds withdrawn or to be withdrawn from a company by the business owners. The situations can vary from business owners drawing funds on an ad hoc basis, to extracting surplus company funds when a company’s tra
PRESENTED BY Paul Hockridge Principal - Hockridge Advisory , Melbourne

Date/Time

About the Webinar

A perpetual issue for tax practitioners is tax effectively dealing with funds withdrawn or to be withdrawn from a company by the business owners. The situations can vary from business owners drawing funds on an ad hoc basis, to extracting surplus company funds when a company’s trading operations have ceased. This session examines tax effective methods of addressing the issues, including:

  • The various methods available to withdraw funds from a company and the tax implications of each
  • The pros and cons of liquidating a company to achieve a more tax effective result, including:
    • treatment of retained earnings from pre CGT assets and use of the “Archer Brothers Principle”
    • tax benefits of “drip feeding” future dividends
  • Dealing with retained funds in a company as a result of previous income being attributed to an individual under the PSI regime (sec. 86-35 ITAA 1997)
  • Tips and traps when managing Division 7A implications, including the impact of an increasing interest rate environment
  • Situations when use of various small business CGT concessions may result in different tax outcomes once funds flow to shareholders
  • Strategies for dealing with “top up” tax
  • Can dividend access shares be tax effective? (TD 2014/1; TA 2012/4)
  • Allocating professional firm profits in a company in accordance with PCG 2021/4

Presented By

Paul Hockridge
Principal, Hockridge Advisory Melbourne, Vic

Paul Hockridge, the principal at Hockridge Advisory, a chartered accountant and chartered tax advisor, has over 30 years specialist tax advisory experience.

For over 20 years he was a partner in Big 4 and second tier chartered accounting firms and a multi-family office. Paul’s focus is on assisting high wealth families and private businesses and the accounting and law firms which advise them. Paul also provides litigation support services.

Paul is also a senior fellow in the Law School at the University of Melbourne, where he teaches in the Masters program.

Who Should Attend?

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

CPD Information

Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

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: [email protected]

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