The New Company Tax and Franking Regime
A step by step guide to the new tax landscape for small business enterprises.
Mar 12Tue 1:00 PM AEDT - Tue 2:00 PM AEDT Online
- $180.00 incl. GST
- PD hours: 1
The announcement of cuts to the tax rate for small companies a few years ago must have seemed like good news at the time. Maybe it was; but it came with a sting in the tail. With a series of rolling cuts to the tax rates for small companies, changing definitions of what constitutes a small company, the introduction of new definitions as to which companies can use the new lower rates and flow on effects to company shareholders receiving franked dividends, the new rules have in practice substantially increased the level of complexity for SBE’s and their advisers. This webinar takes a step by step approach to understanding the new rules, explaining how the changes impact both companies and their shareholders. With plentiful use of examples, this webinar is packed with tips to help your clients, traps to look out for and planning opportunities.
Amongst the topics to be covered:
• The rates of corporate tax for small businesses for 2017, 2018 and onwards
• Franking rates for company dividends for 2017, 2018 and onwards
• Changing definitions of small business
• What is a base rate entity?
• What is passive income?
• How are bucket companies treated?
• Dealing with ‘stranded’ franking credits
• ATO guidance; help or hindrance?
Webinar Learning Outcomes:
Attendees can expect to complete the webinar with a detailed understanding of the new corporate tax landscape with a particular emphasis on the changes impacting smaller corporate clients and their shareholders.
This webinar is suited to all accountants and tax practitioners with small business and corporate clients.
Since 2015, Mark Chapman has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.
Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
You will be provided with:
• PowerPoint Presentation slide deck
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter