CANCELLED: Small Business Tax Essentials 2020
This half day Small Business Tax Essentials program will cover the all essential issues you need to consider when dealing with your small business clients. You will be provided with a comprehensive tax update and the most practical tax strategies that affecting your clients.
Description
Attend and earn 3 CPD units
FASEA CPD Categories
3 CPD units in Technical Competence
This event offers 3 CPD hours and meets the qualifying CPD requirements of CPA, IPA, CAANZ and FASEA.
Please note to count towards the minimum 28 hours of licensee approved CPD hours, your licensee is required to approve this event.
Chair: Angela Robins, Director – Business Services, MGI Adelaide
1.00pm to 2.00pm: Expert Tips on SA Land Tax Structuring Your Client’s Small Business to Achieve Land Tax Efficiency
In this session, we explore the core topics that are vital to achieve land tax efficiency:
- Latest update on SA land tax and impacts of varied tax rate
- Land tax implications in varying scenarios
- How it interacts with different types of trusts and their beneficiaries including corporate beneficiaries
- Practical application of Principal Place of Residence
- Structuring options available to achieve land tax efficiency
- Worked example for practical application of land tax structuring strategies
Presented by Adrian Cartland, Principal, Cartland Law
2.00pm to 3.00pm: 2020 Tax Structuring: Practical Applications of Small Business Restructuring Rollovers and CGT Concessions
In this session, you will
- Cover the Division 152 concessions and the small business rollover concessions.
- Recap the general operation of the rules,
- Explore recent changes regarding the use of Division 152 and the sale of shares/units in a company and trust.
- Discuss some limitations of the divisions
- Tips and tricks that you should know
Presented by Nicole Peterson, Partner, PKF, Chartered Tax Adviser
3.00pm to 3.15pm: Afternoon Tea
3.15pm to 4.15pm: Business Expansion: Introducing New Stakeholders in a Tax Effective Way
- Practical tips when changing ownership or re-structuring your business: what to look out for
- Buy Side v Sell Side: what are the relevant considerations
- Incentivising staff with employee stock ownership plans (ESOP) and Employee share schemes (ESS): what to consider when you suggest that your clients adopt employee share schemes?
Presented by Angus Strachan, Director, Business Services and Tim Edgecombe, Tax Consultant, BDO
Learning Outcomes
- Stay on top of the latest changes to SA land tax legislation and its impacts on achieving land tax efficiency
- Understand the complex area of small business restructuring rollovers and CGT concessions
- Gain practical tax tips to bring in additional stakeholders to a growing business