Updated in October 2021, learn to identify the most tax-effective structure for each client. This course is designed for tax professionals who have to provide advice on business structuring to optimise tax outcomes whilst also being legally compliant.
Description
Updated in October 2021, learn to identify the most tax-effective structure for each client. This course is designed for tax professionals who have to provide advice on business structuring to optimise tax outcomes whilst also being legally compliant. Constantly changing legislation in the area of business and investment structuring makes this a complex area where tax professionals need to keep abreast of developments to provide their clients with the best possible advice.
It is becoming increasingly challenging to identify the most tax-effective structure for each client at the start of an investment or business venture. Now more than ever, it is important that you understand these changes and how they affect you and your clients.
This course contains:
- detailed explanations of concepts
- examples to illustrate the concepts
- tax tips and traps to help you use what you’ve learnt
- warnings to highlight critical considerations
- impacts of proposed tax reforms
- budget alerts for issues related to the Federal Budget
- summaries of key learning points
- reference lists
- quiz questions
- case studies in the form of complex structure examples
Key topics:
- Choosing a structure
- Companies
- Trusts
- Partnerships
- Individuals
- Superannuation funds
- Changing structures
This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.
Learning objectives
- Look at a client’s situation and identify the important factors to be considered when determining their structure.
- Identify the differences between companies, trusts, partnerships, individuals and self-managed superannuation funds in carrying out a venture.
- Identify when each of the above types of entities is most appropriate.
- Discuss how to combine two or more different entities in certain scenarios.
- Discuss how income and capital are taxed in each type of entity and how these amounts are then distributed to the owners.
- Discuss how equity partners can be admitted or control passed between generations using the different types of entities.
- Identify a number of optimum structuring.
Audience
Tax professionals and practitioners with responsibility for the preparation of income tax returns for individuals, companies, partnerships, trusts and superannuation funds.