How to get the right business structure in place from the start to avoid future pitfalls.

Structuring is a key consideration when starting a business or expanding current business operations. Choosing the optimal structure involves a consideration of both the taxation and commercial objectives of the business. By implementing/utilising the optimal structure, businesses may experience significant benefits including asset protection, risk minimisation, reduced tax compliance and administrative burdens and also facilitate expansion and growth opportunities.

Under this section, we will work through the:

key benefits of structuring effectively;
common structures and associated benefits and challenges; and
work through a case study to provide a practical view on the discussion.

(b) Year end tax planning

Year end tax-planning is an essential part of business operations and can achieve numerous objectives including understanding future cash flow obligations, ensuring that the business complies with tax legislation and other governing body requirements and distributing profits to maximise shareholder wealth. Most importantly, effective tax planning provides an opportunity for businesses to minimise their tax obligations by implementing numerous strategies prior to the financial year end.

Under this section, we will work through:

Division 7A considerations;
Trust distributions; and
Dividend strategy.

Steven is a Senior Consultant in the Private Clients Tax team based in Sydney and Parramatta. His experience spans over 8 years in the Private Clients industry, which includes a vast range of clients in different industries. Steven has worked with an extensive client base, including large and small business’, international and Australian businesses’ and large family groups. Steven has vast experience assisting clients with their everyday tax compliance obligations and providing the necessary assistance with adhoc tax consulting services.

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