Div 7A: Problem areas and ATO targets

Making sure the process for managing Division 7A problems is right

Ensure you understand the ATO's current approach to UPEs
Getting the process and tax treatment right
ATO target areas

A Live Instructor Led Webinar

Division 7A is a perennial problem area and clients continue to face harsh tax outcomes as a result of failing to identify and deal with Division 7A issues. Common myths and misunderstandings around Division 7A often lead to clients paying more tax than they need to.

The Division 7A: Problem areas and ATO targets webinar focuses on the Division 7A issues that cause the most problems, including loans to related entities, integrity rules around repayments and unpaid distributions owed to corporate beneficiaries. We explain how to identify Division 7A issues and what needs to be done to prevent clients from being taxed on deemed unfranked dividends. As always, the small details can make a big difference.

We also take a look at the areas of Division 7A that have started to receive a bit more attention from the ATO. Practitioners and clients who fail to keep up could be in for a nasty surprise.

Knowledge Shop membersregister through the portal for the discounted rate
(new portal | retiring portal)
Total 1.25 CPD Hours (est.)

Date & Details

Thursday, 2 May 2024

Time
12:00pm - 1:15pm AEST
11:30am SA & NT
10:00am WA

FAAA accreditation pending

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

The Division 7A: Problem areas and ATO targets webinar explores the practical issues that practitioners come across time and time again, including:

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • Identifying when loans fall within the scope of Division 7A
  • Whether loans on commercial terms can escape Division 7A
  • Determining when unpaid distributions from trusts will be treated as loans and the flow-on impact this has on loan agreements and repayments
  • Clearing up the most common myths and misconceptions in this area
  • Understanding the interaction between Division 7A and section 100A
  • Helping clients who use sub-trust arrangements to manage the transition process
  • The Division 7A issues that are often overlooked and how to deal with them

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.