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The SME of a SME

Published on 14 Nov 2003 | Took place at The Continental, Phillip Island, VIC

Most advisers have clients seeking tax advice on business acquisition, transaction or sale some time or other and often the most difficult task is to identify all of the tax issues that can arise.

Using a Case Study involving the establishment, operation and ultimate disposal of a small to medium sized enterprise, these seminar materials take you on a journey of discovery to help you develop your skills and identify the processes by which you can identify the key tax implications that can arise at each stage of a business cycle. However, it is not all about working out what the issues are, the materials also provide suggested and practical solutions to the myriad of tax problems that are buried in the Case Study.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Case Study: Acquiring and Existing Business

Author(s):  Mark MORRIS This seminar paper:
- compares asset purchases versus buying shares - minimising CGT and stamp duty
- identifies the vendor's tax profile and its impact on the purchase price eg. pre CGT shares/assets; earn out arrangements
- develops tax effective strategies in funding the purchase - superannuation; post acquisition dividends
- lists issues in minimising tax on business profits - income splitting; loss utilisation
- considers the flexibility of structures to accommodate change - succession planning; loss recoupment, asset protection
- determines the best exit strategy on setting up a structure - maximising CGT discount and small business concessions.

Materials from this session:

Operating and Business

Author(s):  Theo SAKELL This seminar paper:
- examines profit repatriation strategies - dividends, salary packaging, super etc.
- identifies business expansion costs - deductibility
- considers asset protection and contingency plans for owners - profit repatriation, super, key-man cover
- considers the impact of new equity participants - share issues and transfers, employee shares
- reviews loan repayments - impact under debt / equity rules from 1 July 2004
- reviews new loans, payments and debt forgiveness - Division 7A watch outs.

Materials from this session:

Case Study: Winding Up a Business

Author(s):  Michael PARKER This seminar paper:
- reviews the CGT small business concessions
- considers redundancy payments to business owners
- examines liquidators' expenses
- assesses the tax treatment of liquidators' distributions (shareholders taking in specie distributions from a liquidator)
- considers demergers and scrip for scrip rollovers
- considers the options of share buybacks.

Materials from this session: