Division 7A Mess Up Series – Introduction

Published on 25 February 2020
Categories: Accounting

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

As specialists in Division 7A and WA’s GO-TO in fixing disastrous Division 7A errors, we thought it prudent to publish this series on some of the most common Division 7A Mess Ups.

• Part One: Don’t touch those pre-09 UPEs or pre-97 Loans & the Debt Forgiveness Error
• Part Two: The All-Too-Often Overlooked Hurdle with Division 7A Sub-trusts
• Part Three: Division 7A and Private Use of Property & Luxury Goods
• Part Four: Underpayment or Nonpayment of Subtrust & Division 7A Interest – Wrong Dates, Interest Rates & Fake Payouts

If you’ve encountered any of these issues or are concerned about how your accountant has handled your Division 7A compliance, then give either Mike Beer or Ben Paul a call to obtain the specialist Division 7A help you need.