Future proofing your business. From financial planning to business structure: how prepared are you?

One of the key topics covered at the 2020 Tamworth Business Summit is “future proofing your business” and Paul Williams from our Specialist Tax & Estate Planning (STEP) team and Financial Planner, Kylie Alcorn will be presenting workshops at the event to share their perspectives on the importance of planning ahead. 

On the first day of the 2020 Summit, Paul will be presenting his workshop titled, “Succession  Planning – Restructuring? Cashing in your chips? Or passing it on to the next generation?”. His workshop will provide case studies designed to help small and medium business owners maximise the benefit of the capital gains tax small business concessions.

Paul is a Tax Lawyer with over 20 years’ experience in providing high level taxation advisory services together with estate planning and business succession. Admitted as a legal practitioner in 2000, Paul has worked for one of the Big 4 accounting firms in Sydney and also as a Senior Associate for a boutique firm. Paul’s expertise includes; tax & estate planning, tax & stamp duty advisory services, taxation concessions, business restructuring and navigating complex regulatory tax environments.

Paul will step though a high-level summary of strategies to take advantage of, and traps to avoid, in the following client-based examples from Restructures and Business sales, to
Retirement and succession planning. He says this personal and practical workshop will deliver insights into the fundamentals of managing your assets, assist in maximising the value of your business and illustrate why succession planning is important.

Kylie is an Associate of the Firm and leads a team of 10 in the Roberts & Morrow Financial Planning division. Her workshop titled, “Financial future proofing for your business!” provides the opportunity for audience members to engage with her through an interactive session.

Kylie enjoys taking the complex and making it simple – “my biggest enemies are apathy and inertia. I like to help my clients take control of their money and life with the financial knowledge needed to do so.” Her workshop at the Summit is intended to empower those ready to tackle their financial life with more clarity and confidence.

The three main topic areas Kylie will cover in the Wednesday session are:

  • Your business is your retirement – small business capital gains tax concessions
  • Super charging is one of your best assets – get more out of your staff
  • Building assets outside of the business – prepare for the future

The Summit, held on 17 – 19 March 2020, is an exciting opportunity for businesses in the Tamworth Region to come together to build resilience and shape their business during uncertain times. Paul is positive that the practical and insightful workshops from the specialist services here at Roberts & Morrow will provide case studies designed to help small and medium business owners maximise the benefit of the capital gains tax small business concessions.

We look forward to seeing you at the event and to share our unique perspectives on how our local businesses can work towards “Building resilience for tomorrow…”.

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