About the event

Please note registrations are now closed.
Please note registrations close 1 hour before the Webinar. 

The Accounting 101 webinar seeks to upskill boutique legal practices in the areas of business structuring, tax planning and Federal stimulus initiatives available to support the profession.

This session will focus on five key areas:

1. Business foundations

Starting a firm, seeking to revitalise your business or just wanting to do things more efficiently in the future? This section covers best practices for boutique/ SME law firms including cashflow planning, annual budget planning, cloud software, practise management and when and when not to reinvest in your business.

2. Business structuring

What are the different types of business structures for boutique/ SME Law firms? This section covers the various Law Institute approved business structures and asset protection issues. Further, discussion here will focus on determining the right time to move from sole trader to corporate structures.

3. Tax planning

As a general overview, what should boutique/ SME Law firms be aware of in relation to tax planning? This section covers insurance and other tax and asset write offs, proactive steps to take now ahead of June 30 and discusses scheduling tax payments.

4. Superannuation

This section is a general overview of superannuation principals that boutique/ SME Law firms need to be aware of. This includes maximum deductible contributions, non-concessional contributions and non-taxable limits in retirement.

5. What SME law firms can expect in 2021.

The final section covers the government funding/ stimulus packages for 2021 and how same may affect boutique/ SME Law firms.

Level: General