Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Selecting an appropriate structure to operate a business or hold investments is crucial to ensure the desired commercial and tax outcomes can be achieved. So how do you decide what is the right (or wrong) structure for an SME? How do you make sure the structure is ready to access the small business CGT concessions? By focusing on a series of real-life examples of structures used by SMEs, this paper looks at:
- effective structuring of an SME, including the major strengths and weaknesses of particular structures
- how to determine if a structure has become ineffective and what to do if this is the case
- what should you do if you have inherited a poor structure?
- what factors should be considered if you decide to restructure?
- how do you know if a business or structure is CGT concession ready?
- can you manage or fix potential problems in the ability to access the CGT concessions?
Todd, a Director with William Buck Chartered Accountants & Advisors, brings over 10 years of experience to his role in the tax services division. Todd specialises in small-to-medium enterprise tax matters and advises clients on a broad range of tax issues such as CGT, advice relating to structuring and restructuring, the tax consequences of acquisitions and divestments, small business CGT concessions, Div 7A, taxation of trusts and tax risk management.
- Current at
22 May 2017
Greg is the Director in charge of the Tax Services division of William Buck in Sydney. His clients are predominantly private businesses, both Australian and foreign-owned, as well as higher wealth individuals and families. Greg’s work is primarily advising on issues and transactions, such as restructuring, exit strategies, business acquisitions and international expansion, along with referrals from accountants, lawyers and other advisers. Greg is the author of the new title, The Tax Adviser’s Guide to Part IVA, published by The Tax Institute.
- Current at
23 May 2017