2012

20th National Tax Intensive Retreat: Expanding the Family Business

Source: National

Published Date: 8 Nov 2012

 
  • The theme of this years' retreat - Expanding the Family Business - focused on taking a successful small business and growing it into a very successful large business, with a particular emphasis on tax (as you would expect!).
  • The journey involved:
  • restructuring at the outset (when the initial structure may not be suitable for the owners' changing circumstances)
  • rewarding and retaining key personnel
  • critical issues associated with forming tax consolidated and GST groups
  • avoiding penal tax outcomes when operations are financed through profits taxed at the corporate rate
  • identifying and dealing with intellectual property and goodwill (including licensing)
  • extracting value through earnouts, dividends and share buybacks
  • once the business has been successfully sold, dealing with the benefits that have accumulated in the superannuation fund.

Workshop 1 questions and answers

Author(s): Jo-Anne Hotston CTA
Materials from this session:

Issues regarding SMEs and group structures

Author(s): Paul Lyon

Profit accumulation tax traps

Author(s): Chris Wookey CTA

Rewarding and retaining key personnel of the growing businesss

Author(s): Rob Jeramiah , Meagan O'Connor ATI

Structuring and restructuring the expanding business

Author(s): Gil Levy CTA-Life

Workshop 2 questions and answers

Author(s): David Marschke CTA
Materials from this session:

Workshop 3 questions and answers

Author(s): Michelle Hartman CTA , Kevin J Munro CTA
Materials from this session:

Intellectual property, goodwill and taxation

Author(s): Domenic Carbone CTA

You can't take it with you

Author(s): Suzanne Mckenzie

Details

  • Published On:8 Nov 2012
  • Took place at:Sheraton Noosa Resort and Spa

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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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