Financial and Tax Issues in Family Law Property Matters - 5 part on-demand webinar series
About the webinar series
Dividing assets in family law property settlements is already a challenging task. However, when dealing with a business or complex financial accounts, even the most experienced family lawyers face significantly increased challenges.
This exclusive five-part webinar series, presented by Delbridge Forensic Accounting, will comprehensively explore the key issues that can arise when carving up the assets in property settlements.
Dedicated sessions include understanding the key essentials in financial accounts, navigating tricky valuation issues, as well as knowing when and how to use forensic accountants. It also includes a detailed view of the thorny tax issues that can arise in family law property settlements.
Training for as many staff as you want - no additional cost!
A single purchase entitles your company to access the on demand webinars online as you require them for as many training sessions and for as many staff as you want.
On demand webinars and technical materials
You will have access not only to the on-demand webinars but also to the detailed technical materials prepared by members of the faculty for this series.
What you get
This on demand webinar series includes the following components:
- Online access to the on-demand webinar programs. Programs average 1 hour each in length.
- The programs were recorded in late 2023 and early 2024 and are available to purchasers now on demand
- Online access to the technical support papers and/or powerpoint presentations accompanying each program
The Programs
Program 1: Demystifying Financial Accounts
In an age of increasing complexity in business, financial matters and accounting regulations, the navigation and interpretation of financial documents and information has become overwhelming for even the most experienced family law practitioner. This session will take practitioners through a number of scenarios to highlight what they should be looking for in examining both the affairs and assets of their client and the other side, including:
- Understanding key essentials, including profit and loss/income statement, balance sheet/statement of financial performance and cash flow statements
- Special and general purpose financial accounts
- Audited accounts and complications
- Using comparative figures
- Related party transactions:
- Debit and credit loans
- Rents and interest on borrowing on property/loans from related parties
- Salaries
- Private expenses charged to the business
- Reconciling the financial accounts to the tax return
- Depreciation schedules and instant asset write-offs
Program 2: Understanding Valuation Issues in Property Settlements
It’s not uncommon for parties to dispute over the value of assets, particularly when they own or have an interest in a business, and how they should be addressed in final property settlement orders. Throw in the prevailing economic climate, and pandemic effect since 2020, together with the downturned property market, and the task can become even more challenging. This program will explore key valuation issues that can arise during property settlements, including:
- Different types of valuation methodologies unpacked
- What adjustments need to be made before doing the calculations
- The different experts that may be required
- How expert witnesses approach the valuation of businesses in an uncertain market
Program 3: Complex Business Valuation Issues
Building on the basics from Program 2, there are various complex issues that may need to be addressed depending on the size, nature and complexity of a business:
- Goodwill – varying types and how to determine its nature and value
- Shareholder agreements, and their impact on the valuation process and outcome
- Minority and liquidity discounts
- Non-recurring income streams
Program 4: Factoring in Tax in Family Law Property Settlements
Property settlements can often come with potential tax consequences. This session examines the thorny tax issues that can arise, including:
- Disposal of assets and CGT issues
- Spotlight on deemed dividends and Division 7A issues
- Tax issues involving the family home
- Unrealised and hidden tax liabilities you need to consider
- Spotting tax irregularities and other tax skeletons in the accounts
- Case studies
Program 5: When You Don’t Know What You Don’t Know: Calling in the Forensic Accountant
In an age of increasing complexity in business, financial matters and accounting regulations, more and more property settlement matters require the input of forensic accountants. This practical session provides best practice guidance on dealing with the experts, including:
- Navigating the single expert valuation process and rules
- What to do if one party doesn’t agree with the valuation?
- What questions need to be asked of the valuer?
- When will a shadow or adversarial expert be necessary?
- Tips for cross-examining the valuer
- Regular issues in valuation reports
Presented By
Suzanne Delbridge
Director, Delbridge Forensic Accounting Newcastle, NSW
Kimberley Thomas-Cook
Director, Delbridge Forensic Accounting Newcastle, NSW
Suzanne Delbridge
Director, Delbridge Forensic Accounting Newcastle, NSW
Kimberley Thomas-Cook
Director, Delbridge Forensic Accounting Newcastle, NSW
Suzanne Delbridge
Director, Delbridge Forensic Accounting Newcastle, NSWSpecial Offer
The full price for this series will be $1210.
If you buy the series by 29 February 2024 you will pay only $990 – a saving of $220.
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]