Div 7A, Taxation

10 February 2025 | Hybrid | Demystifying Division 7A - common misunderstanding and challenges

While the deemed dividend rules in Division 7A have been in place for many years, it continues to be a ... Show more

Instructors

Henry Kwok Teddy Kosasih

149 Students enrolled

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In Person at CPA NSW Office or Online via Zoom

We encourage our members to attend this meeting in person, a light refreshment will be provided for in person attendance. Please refer to your newsletter for the in-person registration process.

TOPIC: Demystifying Division 7A - common misunderstanding and challenges

While the deemed dividend rules in Division 7A have been in place for many years, it continues to be a major area of focus for the ATO in relation to private businesses and family groups and a key risk area for advisors.

There are many ways in which Division 7A issues can arise, and while the rules have been in place for many years, it remains a key area of focus for the ATO and a major risk area for private client groups. The ATO continues to see a wide range of fundamental errors in applying Division 7A. This includes a lack of compliance with the rules and in many cases a failure to correctly disclose debit loan balances in company tax returns.

Agenda:

Current ATO activity relating to Division 7A
Section 109RB – Commissioner’s Discretion
Why the change of heart and how your client’s problem might become your problem
Alternatives to dealing with historical problems

SPEAKER: Peter Bembrick - Partner - HLB Mann Judd

Peter Bembrick has been providing tax assistance to businesses and individuals since he joined HLB Mann Judd more than 30 years ago, becoming a partner in 2004.

Peter’s opinions and expertise are widely sought after by industry and peers. He has served on advisory committees for Chartered Accountants Australia New Zealand and has written numerous articles for business publications. His views and comments are continually sought by business journalists writing for Australia’s major media outlets.

Peter is the current chair of the HLB Mann Judd Australasian Tax Committee, and is also very active within HLB International, assisting his clients in partnership with colleagues in HLB offices all over the world.

Continuing Professional Development Point (CPD Point)

This event will account for up to a maximum of 1.0 CPD Points per session.
A completion certificate will be issued via LMS after the event for attendees who check in with our staff and who have attended the session for more than thirty-five (35) minutes. We are unable to issue a certificate unless we have a record of your attendance.
Attendance records will be provided to CPA Australia, however, it is up to you to update your own CPD records/CPD Diary. We cannot update the same for you.
You may wish to update your profile with us to include your CPA Membership number which we will report to CPA Australia accordingly.
You should only claim for the attended hours only.

Attend via Zoom Webinar

Our webinar will be provided via Zoom’s online Webinar platform in addition to the face-to-face meeting.
You can listen to the webinar either via internet audio or phone dial-in. If you dial in via phone, please email us your details and phone number for attendance records.
Zoom Webinars can be accessed on various platforms, including mobiles, tablets or laptops, etc. However, we will not be responsible for any costs incurred, such as internet charges in this regard.
You can directly access the Zoom Webinar via our LMS, but we recommend the use of Zoom applications for a better user experience, please ensure that you only install/download the Zoom software from Zoom’s website/iOS App Store/Google App Store, DO NOT download the Zoom’s software from other sources.
You will be automatically registered with Zoom, and you should receive Zoom’s registration confirmation email with the meeting details, no further registration is required. At the time of the meeting, simply click the link provided and the link will activate any pre-installed Zoom-related software and take you directly to the Webinar.
Please note that we will never ask you for any password or personal information, please do not provide such information to anyone.
To avoid last-minute technical issues, you should check if you are ready for Zoom.
Any questions, please email us or reach us at citytaxation.com.au.
We may not be able to resolve or attend to your needs during the webinar, but we will attempt to relay any questions to the presenter as soon as practicable.