Tax Implications of Business Structures
Overview
Choosing the right business structure can make or break your tax strategy. This session unpacks the tax implications of companies, trusts, partnerships, and sole traders, helping you navigate compliance and optimize outcomes
There are a range of issues influencing which business ownership structures clients should use in their particular circumstances about which practitioners and their clients should be aware.
This session is intended to give tax practitioners, accountants and lawyers an improved understanding of the impacts of some of these options, covering:
- General Law Partnerships
- Tax law Partnerships
- Limited Partnerships
- Discretionary Trusts
- Unit Trusts
- Private Companies (Limited by Shares)
- Companies Limited by Guarantee
- Debt vs Equity Investments
- Offshore and Non-Common-Law Entity Types
Learning Outcomes:
Participants will gain an improved understanding of these options and their tricks and/or traps under Australian tax law for:
- General Law Partnership vs Tax Law Partnerships
- Different sorts of Limited Partnerships
- Unit vs Discretionary Trusts
- Private Companies (Shares vs Guarantee)
- Debt vs Equity issues for investments in Companies
- Wide variety of ‘Non-Common-Law’ Entities
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving private groups and wealthy individuals.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Tax Implications of Business StructuresVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Bruce CollinsTax Controversy Partners
is the founder and principal solicitor at Tax Controversy Partners Pty Limited, currently helping clients to resolve all types of tax issues with the ATO and SROs, as well as dealing with corporate regulatory and insolvency issues for clients. Before moving into private practice in 2017, Bruce worked for over 35 years in the Tax Office, a third of this time as a Senior Executive in what is now Compliance & Engagement Group, covering most ATO functions. Bruce was the head of the Technical & Case Leadership area in Aggressive Tax Planning and then Private Wealth for several years prior to leaving the ATO, as well as having previously been the strategic and technical lead for many of the ATO’s compliance programs. In those roles, Bruce was heavily involved in in many ATO compliance and law interpretation strategies targeting income tax risks and issues for business structures being used by taxpayers.
Bruce has an Accounting Certificate (1989), a First-Class Honours Degree in Law (1995), a Graduate Diploma in Legal Practice (1996), a Masters of Taxation (2003) and a Masters of International Taxation (2006). Bruce is a Chartered Tax Advisor with the Tax Institute, a member of the Law Society of NSW, a member of the AICD and is both a member of the Law Council of Australia, its Tax Committee and is current Chair of their SME Business Law Committee.