Practitioners warned over Div 7A journal entry practices

Accountants have been urged to be careful when it comes to complying with rules governing the payment of a dividend by journal entry for Division 7A loans.

by | Jan 30, 2020

Speaking to Accountants Daily, TaxBanter senior tax trainer Robyn Jacobson said the use of journal entries to make Division 7A loan repayments via a dividend has brought to light a number of practices that might not be fully compliant with the law.

Read more at Accountants Daily. 

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