Tax Issues for Family-Owned Companies 2021

Description

This webinar considers a number of practical tax issues that arise with family-owned companies. These issues include choosing whether to structure a family-owned company as an ordinary company or a look-through company, PAYE and FBT issues, the taxation of cash and non-cash distributions, dealing with overdrawn current accounts and debt remission, restructuring family-owned companies, and liquidating family-owned companies.

LEARNING OUTCOMES

You will:

  • Learn about the key differences between ordinary companies, qualifying companies and look-through companies.
  • Understand how remuneration paid to owners and relatives of owners is taxed.
  • Know when non-cash benefits paid to owners and relatives of owners will be subject to FBT, taxed as a dividend or can be made tax-free.
  • Learn how to deal with overdrawn current accounts and restructure debt owed by insolvent companies.
  • Understand what tax issues arise when the ownership of a family-owned company changes or a family-owned company is restructured.
  • Know when capital gains can be distributed tax-free on liquidation, including how to deal with “tainted capital gains”.

SUITED TO

Junior and intermediate accountants, and lawyers that advise clients on structuring and restructuring family-owned businesses.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law

1.5 CPD Hours

  • Aug 12
    Thu, 2:30 PM NZST - 4:00 PM NZST Online
    • $215.00 excl. 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

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Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.