Evolving structures of SMEs: more than meets the eye – 2017 Queensland Tax Forum

Peter McKnoulty CTA
Peter McKnoulty CTA is a Consultant with McCullough Robertson and has been with the firm for 36 years, including 25 as Partner. Peter specialises in business structures and restructures, and estate and succession planning. He will be one of almost 40 expert presenters at this year’s Queensland Tax Forum

Peter’s presentation, ‘Evolving structures of SMEs – more than meets the eye’ will look at the modern SME and recent legislative changes that may present new opportunities for SME structures. 

We asked him to tell us more about what his sessions will cover.

“I want to dig into whether trusts are still the vehicle of choice for SMEs," Peter said, "concentrating on the use of small business entities and their advantages, options for restructuring and what the tax implications of restructures can be.”

“The perennial question we face as tax advisers is 'What's the best vehicle for a business or investment?' I've seen enormous change in the landscape over 25 years, and those changes keep coming! It is important to keep up to date with the latest factors affecting this issue. The paper I’m presenting will touch on some aspects of this (the benefits of small business entities) and will look at different options for restructuring entities.”

Peter’s session will review structuring considerations, including small business entities and their advantages, and the options available when a client is looking to restructure, such as the small business rollover, small business concessions, Division 615 rollover and other available CGT rollovers. It will also cover the tax implications when considering a restructure.

A member of The Tax Institute since the early 1980s, Peter served on the Institute's Queensland State Council until 2014. He was also the first Queenslander to receive the Institute’s Meritorious Service Award. He said that “over the last 15-20 years many of my clients have been involved in significant succession planning transactions and I feel fortunate to have played a significant role in them. I have also recently established Transition Planning Australia (TPA) to assist business owners and others with the personal transition from business or career to life after full-time work – an area that seems to be missing from the mix of succession planning services out there.”

Asked which other sessions at the Forum he was keen to attend, Peter told us: “The keynote address from Andrew Mills on ‘The tax administration continuum’ will be interesting, as will Mark Robertson QC’s presentation on ‘Purpose – what does it mean’. Also, the session on ‘Early-stage high-growth SMEs – practical approaches to working with start-ups’ from Brian Ruddle.”

You can find out more about these sessions and the rest of the program on our website. The 2017 Queensland Tax Forum takes place on 24-25 August at the Brisbane Marriott Hotel.


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