Capital gains tax issues to consider when selling a business (updated)

Posted by James Price | JPAbusiness on 08-Jan-2020 02:00:00

In 2014 we published an eBook titled Capital Gains Tax – Issues to consider when selling a small to mid-sized business. This eBook drew on extensive experience, including that of our guest contributor Michael Pisani, partner at Chapman Eastway, and remains one of our most popular publications to date.

Given the far-reaching scope of Capital Gains Tax (CGT) and the ever-evolving nature of taxation laws, in 2017 we released Capital Gains Tax 2.0 – Issues to consider when selling your business. The new eBook did not replace the original, but instead complemented it.

Over the past few months, the JPAbusiness team has been reviewing and updating the information in both eBooks, to reflect the most recent changes in Australian tax policy.

Continue reading...

Topics: Selling your business, Advice, Capital gains tax, selling a business, Business advisor, tax minimisation, Parramatta, Orange NSW, CGT

4 principles to help choose your business structure [cheat sheet]

Posted by James Price | JPAbusiness on 23-Oct-2019 02:00:00

Good business structures should be effective in:

  1. Protecting your assets
  2. Minimising your income tax and capital gains tax
  3. Simplifying your administration
  4. Achieving your retirement objectives
  5. Achieving your estate planning objectives.

The right business structure for your situation will depend on a number of considerations. The most important are usually:

  • asset protection, and
  • the ability to reduce the overall tax rate.
Continue reading...

Topics: Business Structures, cheat sheet, business advice, sole trader, tax minimisation, company, trust, asset protection, Parramatta, Orange NSW

How to choose the right business structure [eBook update]

Posted by James Price | JPAbusiness on 14-Aug-2019 02:00:00

A few years ago we were fortunate to have business consultant and management accountant Richard Cummins share his expertise in our free eBook, How to choose the right structure for your business.

Richard has kindly updated the eBook to reflect changes in tax policy in recent years – simply follow the links to download the updated version.

The eBook examines five topics:

  1. How to determine if your current business structure is the right one
  2. Tax and asset protection implications of different business structures
  3. Compliance, risk and governance implications of different business structures
  4. Future diversification and wealth development
  5. Succession and retirement.
Continue reading...

Topics: Business Structures, business advice, eBook, sole trader, tax minimisation, company, trust, asset protection, Parramatta, Orange NSW

How to choose the right business structure [cheat sheet]

Posted by James Price | JPAbusiness on 21-Nov-2018 02:00:00

Good business structures should be effective in:

  1. Protecting your assets
  2. Minimising your income tax and capital gains tax
  3. Simplifying your administration
  4. Achieving your retirement objectives
  5. Achieving your estate planning objectives.
Continue reading...

Topics: Business Structures, cheat sheet, business advice, sole trader, tax minimisation, company, trust, asset protection

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

JPAbusiness

Topic

more

Recent Posts