YOUR TAX TIME CPD SURVIVAL KIT

Transcription

1 AUSTRALIA S MOST TRUSTED CPD PROVIDER YOUR TAX TIME CPD SURVIVAL KIT 5-21 JUNE 2018, SYDNEY INSIDE: SMSF Symposium Business Formation, Tax Planning and Exit Strategies Tax Intensive for SME Advisers EARLY BIRD OFFER SAVE UP TO $100 WHEN YOU REGISTER + PAY BY 11 MAY 2018 CHARTERED ACCOUNTANTS Make sure you re CPD compliant by the 30 June deadline CPAs Make sure you re on your way to being compliant at the half-year mark

2 Choose face to face Choose live and online Choose conference recordings SMSF SYMPOSIUM TUESDAY, 5 JUNE AM 5.15PM $ AN01 Last year s momentous superannuation reforms created the biggest shakeup in the area in decades. The impact of those changes continue to reverberate through the industry and have a significant impact on your clients. Not only that, but the changes keep coming and the best and most informed advisors are making it their priority to stay at the cutting edge of SMSF strategies. Gain firsthand insights from some of those leading advisors who will spend the day updating you on the latest changes, sharing their strategies, insights and planning tips, and making sure you re prepared for every SMSF situation your clients may face. Chair: Michael Hutton, Partner, Personal Wealth Management, HLB Mann Judd SESSION 1: ATO UPDATE AND WEALTH MANAGEMENT 9.00AM PM 186AN01A $ am ATO High Risk Areas: What s Under the Spotlight Use of reserves Dual fund strategies Related party property development Dividend stripping Auditor business practices and independence SMSF non-lodgers Presented by Darren Chinnappa, Manager, Nexia 10.00am Early Access of Super: What Your Clients Need to Know The super system as we know it was established in the 90s with the purpose of providing money upon death or retirement to support a person and their dependents. So, what happens when things don t work out as expected and options to access funds are limited? The current conditions of release under the superannuation rules Concessions available to access super in special circumstances Tax implications of accessing super early What may change in the future Presented by Kim O Brien, Partner, Business Advisory and National SMSF Lead Partner, Deloitte 11.15am Tips, Traps and Alternatives to Insurance in an SMSF What insurances are suitable for holding in an SMSF? Can and should insurance be moved from an existing fund to an SMSF? Issues with leaving insurance in an old fund: read the PDS carefully! How to use super linked policies to get better cover Tax issues with holding TPD in an SMSF Insurance to cover outstanding debt owed by SMSF on death of a member Tips for using contributions to reduce costs of insurance Tips for using a blend of level and stepped premiums to reduce lifetime costs of insurance Presented by Liam Shorte, Director, Financial Planner, Verante Financial Planning; SMSF Specialist Advisor; SMSF Adviser Excellence Winner 2017, SMSF Association 12.15pm SMSF Borrowings: Limited Resource Borrowing Arrangements The mechanics: what are the LRBA rules? Who are the players in a LRBA and what role do they actually play? Who can the lender be and what special rules apply to related party lenders? What can be done to an asset held under a LRBA (e.g. repairs vs maintenance vs improvements)? Some recent changes to the Tax Act (both enacted and proposed) will affect members of some SMSFs. What are these changes and who could be affected? Presented by Leigh Mansell, Director, SMSF Technical & Education Services, Heffron SMSF Solutions 1.15pm Networking Lunch SESSION 2: CHALLENGES AFTER THE REFORMS 2.00PM PM 186AN01B $ pm SMSF Contributions: Keep the Small Business CGT Concession in Mind 2017 changes to super dramatically limit contributions Contribution opportunities relating to business disposals or retirement were untouched Complex rules surrounding such contributions need to be satisfied Strategies need to be linked to comprehensive estate plans Presented by Chris Balalovski, Partner, Business Services, BDO INTERACTIVE WORKSHOP 3.15pm Estate Planning and the New Superannuation Taxation Rules The potential catastrophic consequences of the 1 July 2017 reforms A checklist of the essential (revised) super estate planning steps to undertake now Crucial facts such as fund reserves and why they change outcomes The super TBC impacts stretch far beyond super: what to expect and what to do Who can advise and what can they do? Case study to illustrate the issues and options Presented by Peter Bobbin, Managing Principal, Argyle Lawyers; Chair of STEP NSW; 2015 Tax Adviser of the Year (SME), The Tax Institute Can t attend in person? ATTEND LIVE ONLINE ATTEND THE FULL DAY AND EARN 7 CPD HOURS/ POINTS

3 BUSINESS FORMATION, TAX PLANNING & EXIT STRATEGIES TUESDAY, 19 JUNE AM 5.15PM $ AN02 The number of small businesses in Australia is high, but so too are the number of risks facing those businesses. A failed business means a lost client and the end of what could have been many years building a strong and profitable business relationship. So what can you do to maintain the clients that you work so hard to gain? A good start is ensuring that when you re assisting in the startup of a business, you implement the best structures and employ the most savvy tax strategies. However, ensuring a smooth end to a business is also crucial. Master the key tax strategies of transitioning a business to a new owner, selling it, or liquidating the company so that when your client decides to cash out they can attain the best possible outcome and you can share in the success. Chair: Alison Wood, Partner, Pitcher Partners SESSION 1: EFFECTIVE FORMATION AND PLANNING STRATEGIES 9.00AM PM 186AN02A $ am Tax Considerations of Acquiring an Established Business Comparison between purchase of shares versus purchase of underlying assets, including depreciation, GST, stamp duty, losses Issues to consider when reviewing sale and purchase agreements Purchase of shares: how tax consolidation can affect an acquisition Vendor s tax position: CGT discount and small business concessions Presented by Iain Spittal, Partner and Emmanuelle Roulet, Tax Manager, PKF 10.00am Tax Structuring: Begin with the End in Mind Main structuring choices Overview of asset protection principles Key tax issues Fixing heritage structuring issues tax effectively Case studies Presented by Dung Lam, Team Leader - Tax, Argyle Lawyers; CTA 11.15am Division 7A: Get it Right from the Start Division 7A and trusts: effective management of Unpaid Present Entitlements Interaction of Division 7A with foreign companies: potential traps and recent ATO activity with associates and interposed entities Valid repayments of loans and Commissioner s Discretion Presented by Tristan Whitefield, Director, PwC 12.15pm Government Grants and Tax Concessions for SMEs Getting R&D tax incentive claims right Export market development grants: proof is in the planning Accelerating commercialisation grants Presented by Nicholas Parry, Principal, BDO 1.15pm Networking Lunch SESSION 2: CASHING OUT: ADVANCED EXIT STRATEGIES 2.00PM PM 186AN02B $ pm Who Should Get the Business: Family, Key Employee or Market Buyer? Examine the commercial, taxation and family-based considerations that shape the means by which SME ownership is transitioned. Developing an exit solution in the context of family and commercial drivers Long term planning for transition/sale including restructuring and divesting non-business assets Taxation considerations on transferring SME ownership and availability of concessions Funding considerations Presented by James Meli, Practice Leader Tax, LegalVision 3.00pm Business Sales: Setting Up for Life and Beyond The transition from business owner to wealth manager after a liquidity event is extremely complex. This session examines the options available to: Extract and structure wealth post-sale Protect the hard earned capital Ensure that the family establishes an appropriate family governance framework Position the wealth effectively for transfer to the next generation Presented by Kay Do, Senior Manager Private Advisory, Grant Thornton; FTI 4.15pm Tax Implications in Company Liquidations Solvent liquidations When to use liquidation instead of deregistration Tax implications on shareholders: deemed dividend in accordance with section 47 of the Income Tax Assessment Act 1936 Information liquidators rely upon in making a distribution to shareholder Distribution of pre-cgt assets Tax implications and obligations on insolvent companies including liquidations, voluntary administrations, deeds of company arrangement and receiverships Presented by David Mansfield, Partner, Restructuring Services, Deloitte Very interesting topics, enjoyed the presentations and great venue ATTEND THE FULL DAY AND EARN 7 CPD HOURS/ POINTS

4 Choose wisely TAX INTENSIVE FOR SME ADVISERS THURSDAY, 21 JUNE AM 5.15PM $ AN03 SMEs simply can t afford to utilise ineffective tax strategies or fall into tax traps. Your clients will expect you to provide the latest tax strategies to help them strengthen and grow their business. Gain timely insights from those working closely with SMEs every single day as they share their tips on the most critical issues including the ramifications of the 2018/19 Federal budget, family trusts, payroll tax, franking credit strategies, utilising business profits, dealing with ATO debt and more. Chair: Robert Powell, Partner Private Advisory, Grant Thornton SESSION 1: TAX GUIDE FOR SME ADVISORS 9.00AM PM 186AN03A $ am Tax Risk Management for SMEs: Part IVA in 2018 Explore the anti-avoidance provisions and how they apply in common SME situations. What are the practical effects between tax evasion and tax avoidance? How does Part IVA operate in 2018? What is the ATO looking at? When will Part IVA apply to common SME transactions (including family business transactions, reorganisations and restructures, dividend stripping, dividend access shares, rollover relief and superannuation contribution strategies)? How should advisers manage Part IVA risks? Presented by Peter Bobbin, Managing Principal, Argyle Lawyers; Chair of STEP NSW; 2015 Tax Adviser of the Year (SME), The Tax Institute 11.15am Being Tax Ready with Non-Resident Beneficiaries of Family Trusts Using a mix of case studies and technical know-how, the practitioners will work through the tax issues for the trustee and non-resident beneficiaries of family trusts. An emphasis will be placed on the latest developments, including: The foreign purchaser/land tax surcharge as it relates to trustees of family trusts with non-resident beneficiaries; The ATO s renewed focus on capitals gains streamed to a nonresident beneficiary of a resident non-fixed trust; How our anti-avoidance provisions could apply to trusts with nonresident beneficiaries. Presented by Jonathan Ortner and Kaitilin Lowdon, Senior Associates - Taxation, Arnold Bloch Leibler 12.15am Payroll Tax: Grouping Issues Across Different States Using case studies based on real life experience, this session will explore: Payroll tax grouping provisions, and their impact on the client s total payroll tax liability Practical insights in relation to application of these provisions in the various jurisdictions The circumstances in which the exclusion discretion may be considered The impact of the numerous court and tribunal decisions that have tested these provisions Presented by Peter Bembrick, Tax Partner, and Helena Yuan, Tax Manager, HLB Mann Judd Sydney 1.15pm Networking Lunch THE LEGAL INSIGHTS 9.00am How Does the 2018/19 Federal Budget Affect SMEs? Christine will provide an overview of the 2018/19 Federal Budget, focusing on the main aspects that are likely to most impact SMEs and how SMEs can best prepare themselves in response to the budget. Presented by Christine Palmer, Senior Lawyer, Clayton Utz SESSION 2: THE LIFEBLOOD OF SMALL BUSINESS: CASH FLOW 2.00PM PM 186AN03B $ pm New Franking Credit Strategies after Company Tax Rate Cuts The effect of changing from small business entity thresholds to base rate entity passive income threshold Problems with the definition of base rate passive income The effect of the changing aggregate turnover thresholds each year tax How all these changes affect tax payments and franking credits Different rules for each year , and Low rate companies receiving dividends franked at a higher rate How to avoid trapping franking credits and how to use trapped franking credits under the new rules Resultant tax increase when paying out dividends from profits taxed higher rate Presented by Richard Son, Tax Manager, BDO 3.00pm Utilising Your Business Profit: Options and Tax Implications Different business structures and reinvestment of profits Safeguarding your profits Division 7A Effect on Small Business CGT concessions Implications of different share classes Change in corporate tax rate Presented by Gino Malacco, Partner, Hall Chadwick LEGAL AND ACCOUNTING PERSPECTIVES 4.15pm Dealing with ATO Debt When settlement is appropriate and the keys to achieving an early (and effective) settlement Conducting settlement negotiations Negotiation of payment arrangements Issues to consider in the preparation of settlement deeds Presented by Chris Ardagna, Partner, Brown Wright Stein Lawyers Options available when/if negotiations and dispute resolution procedures break down What to do if you receive a default judgment and/or a winding up petition Potential rescue plan: Deed of Company Arrangement Case studies Presented by Presented by Neil Cussen, Partner, Deloitte ATTEND THE FULL DAY AND EARN 7 CPD HOURS/ POINTS

5 Choose face to face Choose live and online Choose conference recordings COMPLIMENTARY PAST SEMINAR PAPERS Past seminar papers are a wealth of information at your fingertips, and every conference registration comes with 3 complimentary past seminar papers (for full or half day bookings). Below you will find a selection of papers with more available to view on our website. To make your selection, simply note down the code in the column below on the registration form overleaf. Once we receive your registration and process payment we will send these out to you electronically via . 3 FREE PAPERS! WITH EVERY CONFERENCE REGISTRATION SEMINAR NAME LOCATION DATE PRESENTED PAPER CODE Tax Essentials Conference QLD June 2017 CD176Q11 Shareholder Agreements Think Tank VIC March 2017 CD173V07 Business Sale Transactions: Deal with It! NSW March 2017 CD173N36 SMSFs SMSFs: The Latest Developments WA March 2017 CD173W18 Superannuation Essentials Conference NSW October 2017 CD1710N01 FAMILY LAW Family Law Conference NSW March 2017 CD173N27 Family Law Forum VIC March 2017 CD173V05 Family Law, Wills and Estates Parramatta, NSW February 2017 CD172P01B National Family Law Series: Property Matters, Practice and Procedure NSW September 2017 CD179N15 PROPERTY AND TAX Inaugural Property Tax Conference SA March 2018 CD183AS01 PPSA Seminar: And the Changes Keep Coming QLD March 2017 CD173Q33 Property and Testamentary Trusts QLD March 2017 CD173Q32A Property Law Conference: New Law, New Opportunity VIC March 2017 CD173V09 Pressing Property Issues WA March 2017 CD173W14A Property Law Conference SA March 2017 CD173S01 Residential Property Transactions: Tax, Owners Corporations and Updates VIC September 2017 CD179V02 TRUSTS, WILLS & ESTATES Wills and Estates Symposium QLD March 2017 CD173Q10 Estate Planning and Administration NSW March 2017 CD173N14B Estate Planning and Administration VIC March 2017 CD173V22B Estate Planning and Administration of International Assets WA March 2017 CD173W01A Estate Planning Challenges NSW September 2017 CD179N04 The Life Cycle of a Trust Deed NSW March 2017 CD173N24 The Life Cycle of a Trust Deed WA March 2017 CD173W31 Family Law, Estate Disputes and Succession Update SA March 2017 CD173S04A 3rd Annual Trust Symposium NSW February 2018 CD182AN01 3rd Annual Business Succession and Estate Planning NSW February 2018 CD182AN02

6 REGISTRATION FORM / TAX INVOICE VENUE: PRIMUS HOTEL SYDNEY, 339 PITT ST, SYDNEY 5 SIMPLE WAYS TO REGISTER PHONE FAX info@legalwiseseminars.com.au WEB legalwiseseminars.com.au POST PO Box 971 Bondi Junction NSW 1355 HURRY! TIME IS TICKING - Early bird ends Friday 11 May 2018 COMPANY INFORMATION Company Name: Postal Address: Suburb: City: DELEGATE 1 Conference Code(s): Salutation: Name: Job Title: address: Special Dietary Requirements: DELEGATE 2 Postcode: GROUP AND MULTIPLE BOOKINGS: $495 (SAVE $$$) Register for 2 or more conferences or register 2+ delegates from your firm and pay just $495 per delegate per conference PAYMENT CONFERENCE PRICE CONFERENCE CODES Early Bird Std. Price Face to face Live and Online * Recording* SMSF Symposium - Tuesday 5 June Full day $595 $ AN01 WEB186AN01 OND186AN01 Session 1: The ATO Update and Wealth Management $345 $ AN01A WEB186AN01A OND186AN01A Session 2: Challenges After the Reforms $345 $ AN01B WEB186AN01B OND186AN01B Business Formation, Tax Planning and Exit Strategies - Thursday 19 June Full day $595 $ AN02 WEB186AN02 OND186AN02 Session 1: Effective Formation and Planning Strategies $345 $ AN02A WEB186AN02A OND186AN02A Session 2: Cashing Out: Advanced Exit Strategies $345 $ AN02B WEB186AN02B OND186AN02B Tax Intensive for SME Advisers - Thursday 21 June Full day $595 $ AN03 WEB186AN03 OND186AN03 Session 1: Tax Guide for SME Advisers $345 $ AN03A WEB186AN03A OND186AN03A Session 2: The Lifeblood of Small Business: Cash Flow $345 $ AN03B WEB186AN03B OND186AN03B Conference Code(s): Salutation: Name: Job Title: address: Special Dietary Requirements: DELEGATE 3 Conference Code(s): Salutation: Name: Job Title: address: Special Dietary Requirements: CHOOSE YOUR 3 FREE PAPERS: For selection, please see page 5 or refer to our website legalwiseseminars.com.au 1. Paper Code: 2. Paper Code: 3. Paper Code: All price inc GST. This document will be a tax invoice for GST when fully completed and you make a payment that is under $1000. Please take a copy for your records. ALL registrations must be paid in full prior to the date of the event. EFT CREDIT CARD Card Number Charge $ CHEQUE Please find enclosed a cheque for $ made payable to Legalwise Seminars Pty Ltd ABN ACN *FOR FULL TERMS AND CONDITIONS please visit Early Bird Offer: Register and pay by 11 May 2018 to receive the Early Bird Price. Live Web Streams and Conference Recordings: Live web streams and conference recordings prices are per person only. They are not to be distributed or for group viewings. Please note live web streams and conference recordings may be cancelled due to low numbers. If cancelled, we will offer the Face-to-Face option, a transfer to another conference or a full refund. Cancellation Policy: You may nominate a replacement delegate to attend in your stead at any time. If you notify us in writing more than 5 working days prior to the event you may choose to: i. Obtain a credit for future use (valid for 24 months and cannot be exchanged for a refund) ii. Obtain a full refund iii. Transfer to another available conference in any format. If you notify us in writing within 3 to 5 working days prior you will be charged an administration fee of $75 for all half day bookings and $150 for full day bookings. With the remaining balance you can choose to: i. Obtain a credit for future use (valid for 24 months and cannot be exchanged for a refund) ii. Transfer to another seminar/ conference in any format and pay the difference. Any cancellations within 2 working days of the seminar will be charged the full payment and no refund or credit will be issued. Transfer Policy: Transfers between different formats are allowed without penalty more than 5 days working days prior to the event. For any amendments within 5 working days the Cancellation Policy applies. All notifications should be forwarded to info@legalwiseseminars.com.au BOOKING CODE: 186AN WEB to my Expiry Date / / CVV Security Number for AMEX is 4 digits on front of the card. All other cards last 3 digits on back of the card. Name on Card Signature Legalwise Seminars Pty Ltd BSB Acc your remittance to accounts@legalwiseseminars.com.au Mastercard Visa Amex