Content tagged Webinar Recording

Webinar recording

Navigate your propertys tax journey to maximise the benefits

Property features in the majority of our clients' affairs, whether it’s commercial premises, developments for sale, or family homes. It’s the kind of asset that brings attention from all the main taxes – income tax, capital gains tax (CGT), GST and transfer duty. This is not just when property is purchased or sold, but along the entire ownership journey.

There have been several changes to the tax law in recent years regarding property. The key is awareness so you can make informed decisions while looking ahead.

This session is relevant for anyone with any interest in property – business, commercial or private.

Delivered by Nexia Australia's National Tax Director, David Montani. David has over 30 years’ experience in taxation and business advisory, with his expertise and practical approach having made him an in-demand advisor for many significant transactions and complex tax matters.

This important session covered:

  1.  Family home fully subject to CGT if you move overseas – tax-exempt status erased overnight;
  2.  Deductions denied for “vacant” land – which can include land with houses/units on it;
  3.  Depreciation and travel deductions denied for residential properties;
  4.  When gains on property fully taxed (profit) versus possibly partially taxed (capital gain);
  5.  Reduced GST exposure under the “margin scheme” – provided you do what the law requires you to;
  6.  Moving your business premises into the low-tax superannuation environment;
  7.  Build for sale, but then rent out – income tax, CGT and GST consequences; and
  8.  Stamp duty and land tax surcharges for some foreign purchasers/owners might be constitutionally invalid.

    Webinar materials

    Webinar Slide Pack

     


    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar recording

    Extracting the maximum value from exiting your business

    When should you start thinking about your eventual exit from your business?

    No matter what stage in your business lifecycle – start up, growth, maturity, exit – the answer is, now.

    At Nexia Australia, we enjoy working with business owners throughout your business lifecycle, and we believe that you should be rewarded for what you do – taking on risk, creating employment and creating wealth.

    Having worked with many businesses transitioning in a variety of ways – such as by trade sale, management buy-out, family succession or public listing – how well the process is executed is largely up to you.

    The other critical factor is time. There’s a lot more to extracting the maximum value from your business than merely brokering a sale. Whether two years away or twenty years, the process for maximising your exit value starts now.

    National Tax Director, David Montani, accompanied by Hugh McPharlin from our Adelaide office delivered a webinar on how to extract the maximum value when exiting your business. 

    This important session covered:

    • The components that drive a business’s value
    • The compounding effect of small improvements in each component over time
    • The different types of business exits
    • The exit/sale/transition process
    • Sell the assets or sell the company?
    • Pre-sale restructuring
    • Tax planning
    • Maximising the after-tax sale proceed

    Webinar materials

    Webinar Slide Pack

     


    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar recording

    Extracting the maximum value from exiting your business

    When should you start thinking about your eventual exit from your business?

    No matter what stage in your business lifecycle – start up, growth, maturity, exit – the answer is, now.

    At Nexia Australia, we enjoy working with business owners throughout your business lifecycle, and we believe that you should be rewarded for what you do – taking on risk, creating employment and creating wealth.

    Having worked with many businesses transitioning in a variety of ways – such as by trade sale, management buy-out, family succession or public listing – how well the process is executed is largely up to you.

    The other critical factor is time. There’s a lot more to extracting the maximum value from your business than merely brokering a sale. Whether two years away or twenty years, the process for maximising your exit value starts now.

    National Tax Director, David Montani, accompanied by Vito Interlandi and Bruno De Simone from our Melbourne office delivered a webinar on how to extract the maximum value when exiting your business. 

    This important session covered:

    • The components that drive a business’s value
    • The compounding effect of small improvements in each component over time
    • The different types of business exits
    • The exit/sale/transition process
    • Sell the assets or sell the company?
    • Pre-sale restructuring
    • Tax planning
    • Maximising the after-tax sale proceed

    Webinar materials

    Webinar Slide Pack

     



    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    2023 Financial Reporting Update

    Keep up to date with the latest local and international developments affecting financial reporting. 

    Nexia Australia invites you and your colleagues to watch the below webinar recording where our financial reporting specialists explore:

    • The key accounting standards changes for 30 June 2023;
    • How recent changes will affect the classification of loans with annual review clauses, covenants and other conditions;
    • Legislative changes affecting companies, ACNC registered charities, and other not-for-profit entities;
    • How you will be affected by the sustainability and climate-related disclosure projects;
    • and more.

    Webinar Materials

    Webinar Slide Pack

    New Accounting Standards and Interpretations - June 2023

    Financial Reporting Changes for AFS Licensees

    Non-Current Liabilities with Covenants

     



    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    ATO Targeting Your Trusts

    ATO breathes new life into an anti-avoidance law targeting trusts  

    At Nexia, we believe in tackling issues head-on.  We strive to see reality for how it is, even if that might mean having an uncomfortable conversation.  Because anything less is not helpful to you.

    Section 100A targets tax mischief through trusts that almost anyone can engage in.  But the ATO has now cast doubt on the legitimacy of some practices which for many years were considered uncontroversial within families.  This includes appointing trust income to your adult children – usually incurring a lower tax impost – and reinvesting the funds in the trust for the benefit of your family.

    The ATO’s position leaves more people exposed to falling foul of section 100A, the potential consequence of which is tax imposed at 47%, with penalties and interest possibly as well.

    Ignoring this new development invites high risk. 

    Nexia Australia invites you to watch the recording of our national webinar, delivered by National Tax Director, David Montani.

    This important session covers:

    • The tax mischief anyone could engage in (and you might have without realising)
    • The “ordinary family or commercial dealing” exception to s100A
    • Are you in the ATO’s sights?  When your circumstances fall into the ATO’s:
      • Green zone
      • Red zone 
      • “No-zone” void
    • Consequences of each zone
    • Can you still use a corporate beneficiary?
    • Your trust-income appointment decisions ahead of 30 June 2023
    • Past years’ decisions that might require mitigating action
    • Next step

    Webinar Materials

    Webinar Slide Pack

     



    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    2023 Federal Budget Webinar

    Treasurer Jim Chalmers delivered his second Budget on Tuesday, 9 May and Nexia Australia is hosted an online briefing to provide:

    • Insights on the Government’s plans for providing cost-of-living relief without adding to inflation
    • Key announcements affecting businesses, business owners, and high net worth individuals
    • The Government’s broader economic agenda

    A panel of Nexia’s experts joined our lead host National Tax Director, David Montani, to discuss what’s in store from the 2023 Federal Budget .


    Webinar Materials

    Webinar Slide Pack

    2023 Federal Budget Summary

     



    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    2022 Budget Live Webinar II - which side is your bread buttered?

    Treasurer Jim Chalmers delivered a special Budget on Tuesday, 25 October.

    The new government planned to reset priorities, focussing on – in the Treasurer’s words – “bread and butter” issues, with an eye to the future of government services, and how they are funded.

    Nexia Australia hosted an online briefing on the morning of Thursday, 27 October.

    This webinar recording covers the following:

    • Insights on new directions by a new government
    • Key announcements affecting businesses, business owners, and high net worth individuals 
    • What they mean for you
    • Panel discussion

    A panel of Nexia’s experts with lead host National Tax Director, David Montani, discussed what’s on offer in this special Budget.


    Webinar Materials

    Webinar Slide Pack

    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.


    Grab your copy of our 2022 Federal Budget Summary.

    Our Nexia team across the country have put together a comprehensive summary of the 2022 Federal Budget Announcement, which includes the key measures announced, and what they mean for you.

    Read our full summary

    Webinar Recording

    Tax concession-ruiners and post-election tax outlook

    Nexia Australia invites you to watch this informative webinar recording that could help make a big difference for your business.

    This session is relevant for all business owners, no matter where you are in your business lifecycle.

    Expecting those capital gains tax concessions upon exiting your business?  Not so fast…

    At Nexia, we enjoy working with business owners throughout their business lifecycle – start-up, growth, maturity, exit.  We believe that business owners should be rewarded for what they do – providing value to your customers, taking on risk, and creating employment and wealth in the process. 

    Having advised on many business sales over the years, we have seen situations where things featured in a business years before being sold which caused a near-miss of denying one or more of those generous tax concessions.  Unfortunately, there have been some occasions that could not be salvaged.  Some planning in the years before the sale would have preserved those generous concessions.

    It is heart-breaking after pouring all those years of hard work into their business, only to see up to 47% of their reward disappear in tax. That’s a long way from a possible 0% disappearing, if only those matters had got a little attention in the years before.

    Post-election outlook

    Despite the absence of any bold tax reform proposals, there are a number of significant matters relating to administering existing laws that will impact businesses and investors.  These include the Australian Taxation Office’s renewed focus on anti-avoidance rules that target trust distributions, and allocating profits of professional firms in architecture, engineering, financial services, law, medicine and other fields.

    The webinar recording covers the following:

    • Sleeper issues in your business now that could deny you generous tax concessions upon eventual sale, even years down the track
    • What you can do to neutralise these concession-ruining issues
    • Post-election tax outlook, including the ATO’s anti-avoidance focus on trust distributions and professional firms
    • Planning ahead keeps money in your pocket

    Webinar Materials and Handouts

    Webinar Slide Pack


    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    Tax concession-ruiners and post-election tax outlook

    Nexia Australia invites you to watch this informative webinar recording that could help make a big difference for your business.

    This session is relevant for all business owners, no matter where you are in your business lifecycle.

    Expecting those capital gains tax concessions upon exiting your business?  Not so fast…

    At Nexia, we enjoy working with business owners throughout their business lifecycle – start-up, growth, maturity, exit.  We believe that business owners should be rewarded for what they do – providing value to your customers, taking on risk, and creating employment and wealth in the process. 

    Having advised on many business sales over the years, we have seen situations where things featured in a business years before being sold which caused a near-miss of denying one or more of those generous tax concessions.  Unfortunately, there have been some occasions that could not be salvaged.  Some planning in the years before the sale would have preserved those generous concessions.

    It is heart-breaking after pouring all those years of hard work into their business, only to see up to 47% of their reward disappear in tax. That’s a long way from a possible 0% disappearing, if only those matters had got a little attention in the years before.

    Post-election outlook

    Despite the absence of any bold tax reform proposals, there are a number of significant matters relating to administering existing laws that will impact businesses and investors.  These include the Australian Taxation Office’s renewed focus on anti-avoidance rules that target trust distributions, and allocating profits of professional firms in architecture, engineering, financial services, law, medicine and other fields.

    The webinar recording covers the following:

    • Sleeper issues in your business now that could deny you generous tax concessions upon eventual sale, even years down the track
    • What you can do to neutralise these concession-ruining issues
    • Post-election tax outlook, including the ATO’s anti-avoidance focus on trust distributions and professional firms
    • Planning ahead keeps money in your pocket

    Webinar Materials and Handouts

    Webinar Slide Pack


    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.

    Webinar Recording

    Tax concession-ruiners and post-election tax outlook

    Nexia Australia invites you to watch this informative webinar recording that could help make a big difference for your business.

    This session is relevant for all business owners, no matter where you are in your business lifecycle.

    Expecting those capital gains tax concessions upon exiting your business?  Not so fast…

    At Nexia, we enjoy working with business owners throughout their business lifecycle – start-up, growth, maturity, exit.  We believe that business owners should be rewarded for what they do – providing value to your customers, taking on risk, and creating employment and wealth in the process. 

    Having advised on many business sales over the years, we have seen situations where things featured in a business years before being sold which caused a near-miss of denying one or more of those generous tax concessions.  Unfortunately, there have been some occasions that could not be salvaged.  Some planning in the years before the sale would have preserved those generous concessions.

    It is heart-breaking after pouring all those years of hard work into their business, only to see up to 47% of their reward disappear in tax. That’s a long way from a possible 0% disappearing, if only those matters had got a little attention in the years before.

    Post-election outlook

    Despite the absence of any bold tax reform proposals, there are a number of significant matters relating to administering existing laws that will impact businesses and investors.  These include the Australian Taxation Office’s renewed focus on anti-avoidance rules that target trust distributions, and allocating profits of professional firms in architecture, engineering, financial services, law, medicine and other fields.

    The webinar recording covers the following:

    • Sleeper issues in your business now that could deny you generous tax concessions upon eventual sale, even years down the track
    • What you can do to neutralise these concession-ruining issues
    • Post-election tax outlook, including the ATO’s anti-avoidance focus on trust distributions and professional firms
    • Planning ahead keeps money in your pocket

    Webinar Materials and Handouts

    Webinar Slide Pack


    If there is any aspect of this webinar you are unsure of, please contact your local Nexia Advisor.