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Division 7A podcast

Member Price: $35.00
Non Member Price: $43.00

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 23 Mar 22 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This podcast covers:

  • Brief recap on why Division 7A exists
  • Loan repayments by direct set-off against a dividend
  • What if the minutes or dividend statement are prepared late?
  • Compromise the minimum annual repayment?
  • Loan repayments by round-robin set-off against a dividend
  • Circular round of payments by journal entries
  • Not legally effective payments – Division 7A breach!
  • ATO’s position
  • Asset protection risk
  • Solutions and
  • Practical examples.

Author profile

Timothy Edgecombe CTA
Tim Edgecombe, CTA, has over 20 years’ experience in public practice with Chartered Accounting firms, including with Big 4 firms and continues to act as a consultant for several accounting firms, ranging from large second tier to sole practitioners. Tim has significant experience in the tax issues encountered by small to medium enterprises and brings these practical insights to training presentations. He regularly presents tax related topics at a range of professional forums on behalf of other industry bodies. - Current at 17 March 2023

 

This was presented at SA Tax Forum .

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Individual sessions

Superannuation CGT cap planning – tips and traps

Author(s):  Tasha NAIGE

Materials from this session:

SMSF – 2022 planning

Author(s):  Shirley SCHAEFER

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When do you need a FTE? The not so obvious issues…

Author(s):  Simon HOW

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Succession planning for SMSF income streams – optimising the outcomes

Author(s):  Daniel Marateo

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Employees are now working remotely around the world – what employment tax issues do you need to be aware of?

Author(s):  Tim Cooper,  Natasha Wegener,  Sudette Wepener

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Approved Dealing with difficult structures – preparing for the future

Author(s):  Linda Tapiolas

Materials from this session:

Tax Policy and Advocacy update

Author(s):  Scott TREATT,  Robyn Jacobson,  Julie Abdalla

Materials from this session:

Division 7A

Author(s):  Tim Edgecombe

Materials from this session:

The cutting edge of small business CGT concessions – planning and traps

Author(s):  Linda Tapiolas

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I don’t just call Australia home – what it means for your individual tax return to be working globally

Author(s):  Matthew Fregona

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Vesting trusts: The critical issues – Part 1

Author(s):  Philip Bender

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The next 5,000 program – what have we seen?

Author(s):  Amy JAMES-VELAGIC

Materials from this session:

Vesting trusts: the critical issues - Part 2

Author(s):  Neil Brydges

Materials from this session:

Estate administration – getting it right…

Author(s):  Caitlin Ashworth,  Ben WILSON

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Directors’ duties

Author(s):  Leah Cowell

Materials from this session:

Mental health in our workplace new set

Author(s):  John Mannion

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