Tax Consolidation – Entry ACA

Description

Correctly calculating the entry allocable cost amount (ACA) and determining accurate tax costs for assets is imperative for your business and/or your clients.

Whether your clients are large corporates or family businesses, transactions and restructures occur that result in the need to reset the tax cost of assets under the allocable cost amount (ACA) entry process. Oversights in the process result in errors that may give rise to a risk of amended assessments or errors that understate valuable tax bases in assets.

We will discuss common errors in the entry ACA process as we work through the practical application of the calculation steps with a focus on:

  • Correctly determining liabilities (step 2)
  • practical difficulties of determining taxed, retained earnings (step 3)
  • determining the benefits of cancelling losses (step 6 impact)
  • Spreading the ACA to reset cost base assets – market values and caps

Webinar Learning Outcomes:

  • Refresh of key concepts relevant to the entry ACA process
  • Confirmation and awareness of changes to the law
  • Awareness of common errors in calculations
  • Practical tips for calculating and spreading the ACA

Suited to:
Firms of all sizes will benefit from this session. As well as advisors with limited entry ACA experience will benefit from the overview of the process, whilst those with intermediate levels of experience will benefit from the refresher and practical tips

Presenter Bio:
Paul Mills worked in the corporate tax practice at PwC for over 20 years, advising clients on a range of transactions. Paul was responsible for PwC’s national tax technical education program for 6 years up to 2018. He now runs his own tax advisory business, as well as operating the tax practice of Keystone Private Advisory.

You will be provided with:

  • PowerPoint Presentation slide deck
  • Any Supporting Documentation
  • Webinar Recording to view multiple times for up to 6 months
  • Q&A Session and contact details for follow up

  • Webinar Recording
    • PD hours: 1.5
    Stream this recording multiple times at your convenience.
    • $220.00 incl. GST

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.