An overview of the current state of play with Division 7A including COVID-19 concessions, proposed fundamental changes and significant cases.
The Division 7A rules are one of the most complex and easily misunderstood areas of tax law and the tax implications for clients that fall foul of the rules can be profound.
Big changes are coming that clients need to understand, case law constantly shifts the goalposts and COVID-19 is causing financial hardship for those affected by the law. This webinar takes a look at all of these to provide a full stock-take on where we are with Division 7A.
During the webinar, you will be guided through the following topics:
Webinar Learning Outcomes:
Participants will gain an up to date understanding of proposed and actual changes to the Division 7A rules, how they will impact clients, what advice needs to be given and what action needs to be taken. Material reflects and clarifies ATO guidance and case law.
Tax Agents, accountants, lawyers and other professionals who act for private companies and associated entities (including individuals and trusts) with actual or potential Division 7A issues.
Since 2015, Mark Chapman has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.
Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
You will be provided with: