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:
Webinar Learning Outcomes:
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
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: