Companies are common and often used vehicles for conducting businesses and wealth accumulation. SME business owners and their advisers need to consider how to access the value from the companies in a tax efficient manner in the lead up to retirement. The timing of the employment of various techniques is now more important.
Topics covered in this set of case studies include:
- Recent changes to the Small Business CGT Concessions
- Tax effective company wind ups
- User of superannuation contributions
- Division 7A issues and retained profits