Division 7A – Where are we now?
Overview
Ever wonder what the ATO is doing to deal with Div 7A risks and how those strategies may affect your clients? This session should answer those questions, so don’t miss out …
The session will cover:
- History of Div 7A
- Deemed dividends
- Taxation of deemed dividends
- Commissioner’s discretions
- Unpaid Present Entitlements and Div 7A
- Analysis of the submissions in the Bendel appeal on UPEs
- Current ATO audit concerns
- Case studies on common areas of ATO concern
Learning Outcomes:
Participants will gain an improved understanding of:
- How the ATO identifies/targets suspected Div 7A risks for private groups
- How the ATO tools/strategies may apply to private groups whose Div 7A compliance may not be perfect
- What to do if clients are subject to such Div 7A tools/strategies
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Division 7A – Where are we now?Video
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Tax Controversy Partners
Bruce Collins is the founder and principal solicitor at Tax Controversy Partners Pty Limited, currently helping clients to resolve all types of tax issues with the ATO and SROs, as well as dealing with corporate regulatory and insolvency issues for clients. Before moving into private practice in 2017, Bruce worked for over 35 years in the Tax Office, a third of this time as a Senior Executive in what is now Client Engagement Group, covering most ATO functions. Bruce was the leader of the Technical & Case Leadership area in Private Wealth for several years prior to leaving the ATO, as well as having previously been the strategic and technical leader for many of the ATO’s compliance programs. While in what is now Private Wealth, Bruce led work on legislative, interpretative and compliance programs targeting Div 7A risks, including at times chairing what was then the ATO’s Div 7A Panel.
Bruce has an Accounting Certificate (1989), a First-Class Honours Degree in Law (1995), a Graduate Diploma in Legal Practice (1996), a Masters of Taxation (2003) and a Masters of International Taxation (2006). Bruce is a Chartered Tax Advisor with the Tax Institute, a member of the Law Society of NSW, a member of the AICD and is both a member of the Law Council of Australia and current Chair of their SME Business Law Committee.