Podcasts about div 7a

Send us a textGetting profit out of your trading entity isn't as simple as it seems—and doing it wrong could cost you. In this strategy-focused episode, Stuart and Mena dive into how to distribute profits in a way that aligns with your financial goals and keeps your tax bill as low as legally possible.They explore thresholds for personal income when to use corporate beneficiaries or trusts, navigating Division 293, and avoiding Div 7A traps. Whether you need cash now or want to retain profits for future use, this episode equips you with the strategic insight to make the smartest move.If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey! Click here to subscribe to our weekly email. SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here. Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website. Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedInIMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Division 7A remains a stumbling block for many small business owners when it comes to tax compliance. In this episode, we take a deep dive into Div 7A to ensure you're fully equipped with the knowledge you need, from understanding how this integrity measure operates to pinpointing where it applies and steering clear of potential pitfalls. As we gear up for tax time 2024, we also outline the crucial deadlines pertaining to Div 7A that tax advisers and their clients need to have on their radar. If you're a business owner or an accountant working for an SME, this tax time episode is a must-listen. Tune in now. Host: Gavan Ord, Business Investment and International Lead, Policy and Advocacy, CPA Australia Guest: Anthony Marvello, Assistant Commissioner with the Australian Taxation Office (ATO) For added guidance related to this episode, these ATO links will help you: Private company benefits: Division 7 A dividends Using your business money and assets The Div 7A calculator and decision tool The Div 7A benchmark interest rate Issuing distributions statements Essentials to strengthen your small business. Additionally, CPA Australia has tools and resources to help support you at tax time.  The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other Tax Time 2024 episodes at the series page. You can also listen to previous episodes in this series on CPA Australia's YouTube channel. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

In this episode, Stuart and Mena discuss strategies that optimise your ability to repay your home loan, including:Everyone's situation is different. If you earn business income and you encounter an unexpected tax liability. Borrow to invest in shares. Div 7A loan from the corporate beneficiary. Distribution to family members and they deposit cash in your offset account.Business restructure. If this episode resonated with you, I'd love to hear your thoughts! Sharing your feedback on your favourite podcast platform helps me expand my reach and connect with more incredible listeners like you. Thank you deeply for being a part of this journey! To subscribe to our weekly email: https://www.prosolution.com.au/stay-connected/ SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here: https://prosolution.com.au/books. Work with Stuart & Mena's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. To accomplish this, our multidisciplinary team of experts collaborate extensively on behalf of our clients, ensuring thorough exploration of all potential opportunities. This collaborative method enhances the value we deliver to our clients. Visit: https://prosolution.com.au. Follow us on socials: Stuart: Twitter/X: https://twitter.com/StuartWemyss and LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Mena: LinkedIn: ...

From 2009 until October 2023, a UPE to a company was always a Div 7A issue. Not anymore. As Andrew Henshaw of Velocity Legal in Melbourne will tell you.

This week Mena and Stuart discuss the common factors that business owners should consider when deciding whether to pay themselves a salary including:  Payroll tax and work cover considerations  Easier to manage tax liabilities  Forced savings  Div 7A problem loans  Borrowing capacity  If this episode resonated with you, I'd love to hear your thoughts! Sharing your feedback on your favourite podcast platform helps me expand my reach and connect with more incredible listeners like you. Thank you deeply for being a part of this journey! To subscribe to our weekly email: https://www.prosolution.com.au/stay-connected/ SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here: https://prosolution.com.au/books. Work with Stuart & Mena's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. To accomplish this, our multidisciplinary team of experts collaborate extensively on behalf of our clients, ensuring thorough exploration of all potential opportunities. This collaborative method enhances the value we deliver to our clients. Visit: https://prosolution.com.au. Follow us on socials: Stuart: Twitter/X: https://twitter.com/StuartWemyss and LinkedIn: https://www.linkedin.com/in/stuartwemyss/ Mena: LinkedIn: ...

This episode is a recast from the Queensland Business Hub discussing tax planning strategies for business owners in the mining and resources industry and what to consider for your business before 30 June. Most successful businesses in mining and resources begin their tax planning in July at the very beginning of the financial year. But with a number of months left until the end of the financial year, you still have time to implement tax-effective actions that can significantly improve your tax outcomes.In this episode, Craig Barry and Scott Lindeblad explain the different aspects involved in tax planning and why early identification of issues can help to avoid you paying unnecessary tax, ease cashflow and make the most of deductions and concessions available to you.Scott outlines 10 areas your advisor should be discussing with you in order to take advantage of the tax-effective outcomes available. He discusses income and expenditure strategies, writing off bad debt, depreciation and temporary full expensing. He goes into detail about reviewing staff entitlements and superannuation, declaring dividends, trust resolutions, end of year tax administration and extracting wealth from your trading entities. Toward the end of the episode, Craig discusses tax distribution minutes and the ATO's new approach to s100A and family trust distributions to children. He also discusses implications for Div 7A, distributing profits from a trust structure or money taken out during the year by shareholders and associates.LINKS:Queensland Business Hub - Digging With Accountants Podcast

Will a Div 7A Loan write-off trigger a deemed dividend under s109F ITAA36? That is the question.

Distributable surplus is one of five Div 7A quick fixes. If you have no distributable surplus, no deemed Div 7A dividend.

So the ATO has been busy – and has issued not one, not two, not three, but four publications in one hit about s100A ITAA97 around unpaid present entitlements and reimbursement arrangements. Today let's focus on TD 2022/D1 which covers the Div 7A issue around unpaid present entitlements.

Div 7A past amendment periods might allow you to get out of jail tax-free.

s109T is an issue when the recipient of a Div 7A loan isn't a shareholder but minimum yearly repayments are financed via a dividend.

s109T is an issue when the recipient of a Div 7A loan isn't a shareholder but minimum yearly repayments are financed via a dividend.

To offset a dividend with Div 7A loan repayments, the key issue is timing as Robyn Jacobson of The Tax Institute will tell you in this episode. 

To offset a dividend with Div 7A loan repayments, the key issue is timing as Robyn Jacobson of The Tax Institute will tell you in this episode. 

Partner at VT Advisory, Bill Mavropoulos, discusses how dividends are used to satisfy the minimum repayment requirements for s109N loans. Complying with Division 7A is becoming more and more complex, so understanding the mechanics of meeting the requirements is becoming inreasingly important. 6/2/20

What will the upcoming Div 7A reform look like? Andrew Henshaw of Velocity Legal in Sydney gives a good overview.

What will the upcoming Div 7A reform look like? Andrew Henshaw of Velocity Legal in Sydney gives a good overview.

Andrew Henshaw of Velocity Legal in Sydney will answer three Div 7A listener questions.

Andrew Henshaw of Velocity Legal in Sydney will answer three Div 7A listener questions.

When does a UPE become a Div 7A UPE? Andrew Henshaw of Velocity Legal in Sydney will give you an answer.

When does a UPE become a Div 7A UPE? Andrew Henshaw of Velocity Legal in Sydney will give you an answer.

Here are 10 easy ways to fix Div 7A issues. This is an edited extract of Tax Talks episode 50 with Peter Adams.

Here are 10 easy ways to fix Div 7A issues. This is an edited extract of Tax Talks episode 50 with Peter Adams.

Div 7A tries to stop cash leaking from private companies to shareholders and associates outside of dividend payments.

Div 7A tries to stop cash leaking from private companies to shareholders and associates outside of dividend payments.

Tax Wrap eases into the new year by taking a more basic look at what is Division 7A, as well as running over what the "tax gap" is.

We look back at some of the topics that sparked the most interest from listeners, including private company loans and Division 7A, FBT in relation to vehicles, and the implications of commercial debt forgiveness.

Div 7A debt forgiveness is less common than Div 7A loans and payments, but still important to get right. Peter Adams of Augmentors will discuss the details with you.

Div 7A debt forgiveness is less common than Div 7A loans and payments, but still important to get right. Peter Adams of Augmentors will discuss the details with you.

Div 7A payments can turn into an expensive exercise. Including transfer or provision of company assets. Peter Adams of Augmentor will tell you what this is all about.

You could summarise the basic concept of Div 7A loans in one sentence. But there is a lot more to it. As Peter Adams of Augmentors will tell you.

Div 7A payments can turn into an expensive exercise. Including transfer or provision of company assets. Peter Adams of Augmentor will tell you what this is all about.

You could summarise the basic concept of Div 7A loans in one sentence. But there is a lot more to it. As Peter Adams of Augmentors will tell you.

With Letty Tsoi, Bill Mavropoulos, Andy Nguyen, and Nathan Hewitt. This week the team talks YouTube vloggers and income averaging protocols, as well as Div 7A revelations and the introduction of the Single Touch Payroll system. Produced by Nathan Hewitt.