These payments or benefits for shareholders or associates can be treated as a dividend for income tax purposes under Division 7A.
Division 7A is part of the Income Tax Assessment Act 1936 and is intended to prevent profits or assets being provided to shareholders or their associates tax free.
CPA Australia has created these resources to help with Division 7 returns for your clients.
The Australian Taxation Office website has a range of resources to help tax agents manage their client obligations in relation to Division 7A.
Tax tips for employees and contractors
Our deductions and offsets tips show you how to maximise your refund and reduce your tax liability
Historical year-end tax resources
Resources for tax agents preparing tax returns for Australian clients for financial years before 2020
Are you an employee, contractor, investor, in business or lodging your first tax return? Check out our tax tips for 2021
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