Shutting the door – Closing a business

These popular sessions will keep you abreast of the practical implications of developments in key areas and how they will impact you and your clients.

These tax updates focus on the practical issues faced by advisers, and will cover:

  • Recent taxation cases (including AATA, Federal Court and High Court decisions) and how they will affect your day-to-day taxation and financial planning advice
  • Recent tax rulings and determinations
  • Recent changes to tax legislation including new Bills and Tax Office interpretations
  • Guidelines for tax planning strategies that really work!
  • A brief review of state and territory taxes

Special Topic: Shutting the door – Closing a business. 

The income tax and CGT implications of:

  • Disposals of assets, depreciating assets and stock
  • Paying out employee entitlements
  • Losses and claims on warranties
  • Old Div 7A loans, UPEs, extracting any wealth

By the end of this paper, readers will be able to:

  • Outline the CGT and capital allowances implications of selling business assets upon cessation of business;
  • Determine the tax implications of ceasing to own any leasehold improvements;
  • Identify employee entitlements payable on cessation of business and outline the tax implications for the business;
  • Explain how to determine future deductibility for carry forward losses and warranty expenditures;
  • Outline the implications of managing Div 7A loans and UPEs;
  • Identify strategies for extracting wealth from the entity.
 Attendees receive comprehensive indexed notes outlining new income tax legislation, tax rulings and cases and special income tax issues.


More information:

   Monday 9 August               Leanne Saunders    Slides  
   2-6pm AWST (4-8pm AEST)       Live webinar    Recording 
   4 CPD points      $320 (members) | $385 (standard)        Notes

 



Presented by: Leanne Saunders

Leanne has over 25 years of experience in the tax profession. Prior to becoming a tax trainer, Leanne was a specialist tax consultant, providing advice to a diverse range of clients on a wide variety of tax issues. She commenced her career in the Big 4 environment in Sydney before moving to the Gold Coast, where she managed the tax consulting division of a large second-tier firm.

 

When
9/08/2021 4:00 PM - 9/08/2021 8:00 PM
Where
Online, Australia

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