Business Structuring for SMEs: Fundamentals for Junior Advisers - recorded lunchtime online conference

DED

You can put your staff in the boardroom and watch it there. You can watch it on your computer or on your portable electronic device. All for the same low price.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson and presentations.

THE PROGRAM

Session 1: Choice of Entity: Matching the Entity to the Needs of the Clients

It’s one thing to understand the tax attributes of a particular class of entity. It’s quite another to match the needs of your clients to the appropriate entity as they launch a new enterprise. This presentation discusses the key attributes of each type of entity and what they are suited for.

• Understanding the client’s business objectives
• Simple partnerships – key attributes and when to use them
• Companies – key attributes and when to use them
• Discretionary trusts – key attributes and when to use them
• Unit trusts – key attributes and when to use them
• Hybrid structures – eg companies owned by trusts, partnerships of discretionary trusts and so one – when to use them
• Worked examples of each structure showing the benefits of using them in defined circumstances

Session 2: Business Restructures and Sales: Small Business CGT Concessions

The small business CGT concessions are notoriously complex and intricate. It’s easy to get lost in the detail. This session examines how the concessions work in practice, including:

• An overview of the four concessions
• How they work together to minimise tax on sale
• Use in restructures – benefits of cost base uplift
• The active assets test – how it works in practice
• The maximum net asset value test - a high level review
• Active assets held through trusts and companies – a high level review
• Getting the money out of trusts and companies
• Worked examples of how the concessions work in practice

Session 3: Business Restructures and Sales: the Small Business Restructure Rollover

The small business restructure rollover is another key tool in restructuring clients’ businesses. It is in some ways harder to use but it is very effective in some circumstances where the CGT small business concessions cannot be used. This session examines the following:

• Small business restructure rollover - Division 328G – how it differs from Div 152 rollover
• Assets to which the concession applies
• Purposes for which you can use the rollover
• Preconditions
• Safe harbour test
• Worked examples of use