The Tax Symposium on demand brings you 6 tax experts bringing together topical issues, timely guidance and strong technical content specifically for SME’s on Trusts, wealth extraction for SMEs, advanced GST, the economics of Tax Reform and more. 6 CPD hours
Check out these tax topics that will help you be a better tax professional.
Each video includes the synced PowerPoint slides
The Tax Symposium was recorded on 23 October 2014.
Get the best bits from 2014 Tax Symposium for as little as $99 per video and share these practical SME topics.
$475 - Member $580 - Non-member
5 minute preview
A Trust Primer: Beyond the usual issues
By Prof. Gordon Cooper, CTA-Life, Cooper & Co
Streaming and UPEs have been big issues, but what else do SMEs and their advisors need to know about trusts? This session provides practical tips and guidance on the other issues currently affecting trusts, including:
Vesting of trusts: what happens when a trust vests
Resettlement of Trusts: where are we now after the withdrawal of the ATO’s
Statement of Principles dealing with Trust Resettlements?
UPE Problems: What are the issues outside the scope of Division 7A
Section 100A: What is the potential impact of section 100A given recent ATO
Challenges and opportunities to extracting wealth for SME groups
By Jol Dare, CTA, HLB Mann Judd
SMEs are often closely held, which allows them and their controllers a broader palette of means to build and extract wealth. In addition, the individual and small business CGT concessions mean that the practical importance of characterising an amount as either capital or revenue is heightened for SME controllers. Therefore it is no surprise that SME wealth extraction strategies are fertile ground in which to grow both after-tax wealth and also your tax risk profile. This session explores the common (and not so common) opportunities and ways to extract profits and gains, including:
Uniquely SME strategies for accessing concessionally taxed capital gains (individual,
small business, pre-CGT, non-residents)
Capital arbitrage - risks in paying dividends (Part IVA, dividend stripping, 45B)
The problems of profits without franking – how and what can we safely distribute?
The ATO focus on dividend access shares – where to now?
GST has been a part of the Australian tax landscape for nearly 15 years now. While many businesses and their advisors have become familiar with how it operates in their particular circumstances, there are countless others grappling with the complexities and changes to GST since it was first introduced. This session considers some of the current GST issues that can impact SMEs, including:
Consideration, rebates and incentives - what is the state of play following recent decisions?
Self assessment, rulings, refunds and objections - two years into the new system, - where are we?
Property and GST - what are some of the practical issues
Input tax credits - what are the rules and pitfalls
Moderated by Prof. Graeme Cooper, CTA, Sydney University
This panel session covers any of the burning issues with an open discussion amongst the panellists and attendees.
5 minute preview
Handing out a slice of the pie: What are the tax issues?
By Louise Boyce, CTA, Squire Patton Boggs
This session explores the practical and taxation issues experienced by private companies when seeking to provide equity to founders, employees and senior management. It looks at whether employee share trusts can be effective in private companies.
A number of examples are provided of potential arrangements for private companies which may minimize or defer taxation of shares or options issued to employees. Consideration will also be given to the proposed federal tax reforms applicable to ‘start-up’ companies in connection with the implementation and operation of employee share schemes by private companies in Australia.
The Economics of Tax Reform - are we taxed too little or too much?
By Prof. Greg Smith, Australian Catholic University
SME businesses seem to be the meat in the sandwich in a rolling agenda for tax reform. Is this going to end? What is the answer? This session provides insight into many issues relevant to SMEs and their advisors, including:?