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Special Tax & Superannuation topics 2022-23 - Tax Consolidations for SMSEs: More complex issues


This session will illustrate the more complex issues for SME clients looking to form a tax consolidated group. 

The session will cover tax losses upon formation of the group, acquiring a new member into the group and how different CGT rollovers interact with tax consolidation. 

This session was recorded on the 19th August 2022

On successful completion of this topic, participants should be able to: 

  • Have an understanding of how losses are transferred into the group; 
  • Apply the available fraction for usage of losses brought into the group; 
  • Manage the acquisition/formation of a new member into the group; 
  • Understand interaction between different CGT rollovers and tax consolidation. 

 

This session forms part of the Special Tax & Superannuation Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun. These sessions will:

  • Ensure you get the critical knowledge you need while minimising your time out of the office.
  • Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
  • Help you avoid any possible traps and pitfalls
  • Give you answers to the questions most relevant to you.

 

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.

 

Continuing Professional Development Hours

The content covered in this topic should constitute verifiable CPD for CA ANZ, has been assessed for ASIC and FASEA CPD and also meets the Tax Practitioners Board's CPE requirements. The expected CPD hours to be allocated are as follows:

 

 

 

 

PER SESSION

CA ANZ

Up to 1.5 CPD hours

Legislated CPD (FASEA)

Up to 1.5 hours (General)

ASIC

Up to 1.5 hours (General)

Tax Practitioners Board

Up to 1.5 CPD hours

 

Looking for more? Our Essential Tax & Superannuation Updates perfectly complement these special topic sessions


ATSTAX

This series is presented by our Senior Tax & Superannuation trainers:

Stephen Holmes, Senior Tax and Superannuation Trainer, CA ANZ  

Stephen is a partner at WMS Chartered Accountants and has more than 20 years’ experience in providing specialist tax advice. He has concentrated on tax consulting and has provided tax advice to high-net-worth clients since 1994. Stephen also consults to other accounting firms on technical and/or complex tax matters. His particular focus is capital gains tax, employee share schemes, tax consolidation and international tax matters. He has extensive experience in managing tax disputes with the Australian Taxation Office. 

 

 

James McPhedran, Senior Tax and Superannuation Trainer, CA ANZ 

James has 18 years’ experience in the industry, including roles at the Big Four accounting firms and advisory roles at mid-tier firms. He has been an educator with Chartered Accountants ANZ for 9 years. His advanced knowledge of taxation and superannuation has allowed him to focus on small to medium enterprises and high net worth individuals. James holds a bachelor’s degree in law and economics from the University of Queensland and a Master of Taxation from the University of Sydney 


EVENT DETAILS


Topic: Tax

Sub-Topic: Income Tax

Format: Recorded Webinar

Proficiency Level: Intermediate, Advanced

CPD: Upto 1.5 hours