Practical tips, insights and articles to help you on your journey to financial freedom

Division 7A Mess Up Series - Part Four: Underpayment or Nonpayment of Subtrust & Division 7A Interest - Wrong Dates, Interest Rates & Fake Payouts

One of the big ones when it comes to Division 7A Mess Ups is underpayment or nonpayment of interest.

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Division 7A Mess Up Series - Part Three: Division 7A and Private Use of Property & Luxury Goods

Division 7A has all sorts of ways of being triggered and one of the ways is the private use of property…

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Division 7A Mess Up Series - Part Two: The All-Too-Often Overlooked Hurdle with Division 7A Sub-trusts

Over the last decade accountants on behalf of their clients have had to deal with the UPE issue.

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Division 7A Mess Up Series - Part One: Don’t touch those pre-09 UPEs or pre-97 Loans & the Debt Forgiveness Error

As a brief preamble, a loan a company made to shareholders or associates before 4 December 1997 (“pre-97…

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Division 7A Mess Up Series - Introduction

In recent months we’ve had several people approach us for help with Division 7A due to errors made by…

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Recent Tax Updates January-February 2020

Here is the latest edition of Munro’s Client Alert, your guide to important tax updates.

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