Avoiding Costly Tax Traps – Division 7A: What Every Business Owner and their Advisor Needs to Know (Part 1)

This episode is designed to help business owners, accountants, and financial advisors understand how seemingly routine transactions - such as borrowing money from a company, using company assets, or forgiving debts - can create unexpected tax liabilities. We’ll break down the common pitfalls, how to avoid them, and what professionals need to do to keep their clients compliant.