From 1 July 2027, every SME law firm principal in Australia has a legislated value attached to their business. It’s the number the ATO will use in every capital gains tax calculation on that asset for as long as you own it, whether you sell in two years or twenty. Most principals don’t yet know what that number is, and most have never had their firm’s goodwill formally valued.
This live session unpacks exactly what changed in the law, why it matters even if you have no plans to sell, and why leaving the number to the ATO’s default formula can cost improving firms hundreds of thousands of dollars in extra tax. We’ll also cover the two things every principal can still do before 30 June 2027 to move that number in their favour.
Join Gulshan Gupta and Matt Schlyder as they walk through the changes, the numbers, and a clear plan of action for your firm, with time at the end for your questions.
In this webinar, we will cover:
Gulshan is an Associate Director at FWO Chartered Accountants who helps time-poor principals make confident decisions using clear financial insights. With lived experience in a family business, he understands the pressures and trade-offs of running one.
Matt Schlyder is the Founding Director of FWO Chartered Accountants and a strategic financial partner for law firms. With deep legal industry expertise, Matt understands where the pressure points are and what may be holding your firm back.
