As Australia evolves into a “smarter” economy, governments are looking to incentivise start-up ventures to support innovation. Taking advantage of available government incentives and having the right tax structures in place is critical to uncorking success for you and your clients within the SME space. The 2016 Barossa Convention is all about getting down and (tax) dirty on start-up ventures and private businesses, trusts and superannuation. Join us in the Barossa this May to learn more…
For almost 50 years, the Convention has been South Australia’s premier event for tax professionals. Drawing on the event’s rich history and tradition along with its unique location, from 2016 it will be known as the Barossa Convention. This year, in addition to a new name, we are excited to extend the invitation to our interstate members and are proud to showcase an impressive line-up of speakers against the idyllic backdrop of South Australia’s wine country to discuss start-ups, trusts, superannuation and everything in between.
Be consumed: food and wine and tax, oh my
From the surrounds of the Novotel Barossa Valley Resort and spectacular local cuisine through to the “Barossa – Be Consumed” gala dinner, on-site local produce market and world class golf course, this year’s event is
Get down and (tax) dirty on the uprise of start-ups
Start-ups, SMEs, private enterprises. These are here to stay.
The Turnbull government’s agenda to transform Australia into an agile and innovative ecosystem of nimble businesses is designed to help fuel investment and boost the economy into the future. Australia will only continue to see an upsurge in start-up ventures, new tax laws, tax considerations and traps. Does it scare you? Are you across the multifaceted issues that your clients will come knocking on your door for? What do they mean for your clients?
Tim Sandow, CTA and other keynote speakers will unpack the tax and legal issues surrounding your clients’ evolving businesses on day two of the convention. The sessions are technical, practical and take you on a journey from concept to start-up to the initial phases of global expansion. Along the way, questions on your mind will be addressed. Here are but a few…
- How are start-ups structured in Australia and overseas? What are the implications and risks?
- What are the available tax concessions?
- How do you structure for tax incentives such as the R&D incentive and grants?
- What are the IP issues – what is available, is your client investor-ready, how do you protect IP overseas and mitigate IP infringement?
- How can I utilise the employee share scheme rules after recent changes – where can you find the advantages?
A lot to consume on both days, but better to be fed with knowledge than left hungry!
In Trust we tax. Or was it in tax we….
Confusing? While the process of liquidating or deregistering a company is clear, the termination of a trust is much less certain and relies on an understanding of trust law and trust deeds. Day two of the convention will also consider these practical tax and stamp duty issues arising on the vesting of trust estates.
Michael Butler, CTA will address key issues that members who work in the complex area of trust law face:
- What is the process involved in voluntarily vesting a trust deed?
- How do you deal with a position when the trust is about to vest, including the recent Rinehart dispute?
- Can the vesting date be extended (possibly forever)?
- What if the vesting date has already passed? Is it too late to take remedial action?
The weekend of the Barossa Convention kicks on after our “Barossa – Be Consumed” gala dinner! Strong coffee in hand and not just for superannuation experts, delegates can choose to attend the Super Saturday morning sessions where Harry Patsias, CTA and Suzanne Mackenzie, CTA walk you through a tour of modern superannuation and how this will affect your clients.
With the government’s focus on tighter governance for superannuation in the coming year, these sessions will take a peek at emerging ideas, ranging from underutilised ideas to new and novel (and questionable!) ideas.
Whether a South Australian local or someone based interstate, we invite you to come along to this premier tax event in the beautiful Barossa. Be consumed, be connected, be armed with knowledge! See you there.
2016 Barossa Convention 5 – 7 May | Novotel Barossa Valley Resort, South Australia
If you’d like to attend the 2016 Barossa Convention in May, go here.
Video used with permission, SA Tourism.