Identify and manage the problem areas to avoid ATO scrutiny
Recorded Thursday, 22 October 2020
FPA accreditation: 22939 Total CPD hours: 1.5
1.5 Regulatory compliance & consumer protection
Managing loans and the most common problem areas Identify hidden traps within Div 7A Practical tips to prevent deemed dividends
Practitioners and clients continue to have problems when it comes to dealing with Division 7A in the real world. The rules are complex, the concepts are difficult for clients to understand and the tax implications can be horrendous.
TheDivision 7A Risks & Remedies Webinarexplores the major risk areas within the Division 7A rules and where clients and practitioners continue to make mistakes. We also look at opportunities for managing Division 7A issues before they become a problem.
What we cover
This practical session covers:
Identifying when loan arrangements are caught by Division 7A
Dealing with loans to trusts
The most common problems areas when dealing with loan arrangements and how these can be managed in practice
When loan repayments might be ignored
The traps when calculating distributable surplus
When indirect benefits can trigger Division 7A
Latest update on the proposed changes to Division 7A
The COVID-19 administrative relief measures
Our Presenter
Michael Carruthers
Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a member of the advisory panel for the Board of Taxation and was 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.
Michael Carruthers
Tax Director, Knowledge Shop
Register
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