Live Webinar: Time to Get Ready to Exit the Business: Minimising the Tax Risks

Your excited client rings, conveying an unbelievable offer just received for the business. Just the due diligence to attend to and a lifetime of hard work will have just paid off. However, the potential buyer’s enthusiasm diminishes when due diligence uncovers issues that raise concerns. This session looks into matters that may need to be addressed on an ongoing basis to assist in ensuring that when exit time does come, it can be handled smoothly, including:

• The tax matters commonly raised in a due diligence review that can make a potential buyer nervous
• How to determine if your current structure is user friendly for an exit and what to do if it isn’t
• What are the types of ongoing issues an accountant can raise to ensure they are adequately addressed to assist with exit readiness?
• What to do if an entity has a potential time bomb in the form of:
  • overlooked fringe benefits tax
  • tax and superannuation issues with employee/contractor classification
• How the impact of temporary full expensing is affecting buyers
• Tax implications of selling either the business or the shares in a company and tips to make the preferred option more attractive for a purchaser
• Strategies to “clean up” an entity when dealing with:
  • excessive cash
  • inter entity loan accounts
  • debt for equity swaps, the tax implications and documentation required
• Dealing with Division 7A loan accounts and action to take if Division 7A issues haven’t been addressed