Succession Planning for SMEs 2024 - 24 July 2024 (On Demand)
1.25 CPD Hours
Description
According to research, the average business owner in New Zealand is around 56 years of age, and a significant proportion of them (north of 50%) are thinking about exit over the next 5 years, especially as we descend into tougher economic times. However, they are often so focused on the day-to-day that they don’t start thinking about how to improve the value of their business until too late nor how to start conversations with the next generation (whether family or not).
As advisors, Accountants need to be front-footing this topic. This popular updated course will focus on how to start the ball rolling and some of the common issues (family, tax and commercial) that need to be addressed both in advance and throughout any succession transaction.
ORIGINAL BROADCAST DATE
24 July 2024
LEARNING OUTCOMES
Given that every SME succession scenario has its own peculiarities, this case study-based course will focus on key themes and issues that need to be considered, providing a framework for advisors to be able to identify in future assignments the key issues they need to address, with some practical solutions to consider.
SUITED TO
Anyone in public practice who acts for SME, plus corporate employees in accounting/tax roles in this space.
PRESENTERS
Scott Mason, Senior Partner - Tax Advisory, Findex (presenting on behalf of TEO).