Division 7A Compliance Updates 2024

This comprehensive course covers the latest updates and strategies for ensuring compliance with Division 7A of the Income Tax Assessment Act 1936. Participants will gain insights into the key provisions of Division 7A, its significance for Australian businesses, and practical strategies for managing loans, dividends, and other transactions to optimize tax outcomes.

The course also addresses common compliance risks and provides guidance on effective record-keeping and internal controls. Ideal for tax professionals, accountants, and business owners, this course equips participants with the knowledge needed to navigate complex tax scenarios and maintain compliance with ATO regulations.

Topics List:

• Key Provisions of Division 7A
• Differences Between Division 7A Loans and Deemed Dividends
• Strategies for Compliance and Tax Optimization
• Managing Loan Payments and Debts
• Common Compliance Risks and How to Mitigate Them
• Recent Developments and Updates in Division 7A