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Recorded Webinars

Recorded Webinar: Back to Basics: Choosing the Business Structure: A Tax Overview

One question you will be asked in public practice by a client commencing business is “what structure should I use?” Whilst asset protection forms a major part of the discussion, there are also the tax attributes of each structure to consider. This session provides an overview of

Date/Time

About the Webinar

One question you will be asked in public practice by a client commencing business is “what structure should I use?” Whilst asset protection forms a major part of the discussion, there are also the tax attributes of each structure to consider. This session provides an overview of the key tax issues of the options available, including:

  • Sole trader:
    • non-commercial loss rules
    • marginal tax rates
  • Partnership:
    • use of partners salaries
    • income splitting (TR 94/8)
  • Company:
    • review of company tax rates
    • Division 7A issues
    • methods of extracting funds
  • Trust:
    • the various types of trusts (ie. unit, discretionary, hybrid)
    • treatment of losses
    • obtaining funds from a trust
  • The potential CGT implications applicable to the various structures, including:
    • the CGT 50% discount
    • the CGT small business concessions
  • Practical examples

Presented By

Edward Hennebry
Senior Associate, Sladen Legal Melbourne, Vic

Edward is a Senior Associate in the Business Law team at Sladen Legal.

Edward commenced his career in the ATO’s Tax Counsel Network and Review and Dispute Resolution business lines, gaining first-hand knowledge of the tax dispute and resolution process.

Since leaving the ATO, Edward has worked in a number of large accounting and national law firms, enabling him to diversify his knowledge of prevalent tax and commercial issues that affect private clients and family groups across a wide range of industries.

Edward’s principal areas of practice are:

  • Federal income tax and GST advice including obtaining ATO Private Rulings.

  • Dispute resolution with revenue authorities and mitigation of administrative penalties/interest.

  • Tax effective business restructures (utilising CGT rollovers and Small Business CGT Concessions).

  • Tax effective commercial agreements and contracts.

  • Trust law advice and review of trust deeds.                                                                       

Professional associations:         

  • Tax Institute of Australia (TIA) – Fellow.

  • Member of the TIA’s National SME Tax Technical Committee.

  • Volunteer supervisor at the Melbourne Law School Tax Clinic.

Who Should Attend?

This webinar is suitable for junior accountants – Australia wide.

CPD Information

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

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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