shopping_cart

Your shopping cart is empty

SMEs face a new dilemma over loan accounts

Publication date: 01 May 04 | Source: KEEPING GOOD COMPANIES

Issue: Vol 56, no 4

Pages: pp. 232-233

Abstract:
A change in the law means that credit loan accounts will be treated as equity as of 1 July 2004. This is likely to compound the loan problems currently plaguing many small- medium entreprises that operate their businesses through private companies.

This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.

Author profile

Arthur Athanasiou CTA-Life
Photo of author, Arthur ATHANASIOU Arthur Athanasiou CTA (Life) practises mainly in the area of taxation advisory, with an emphasis on dispute resolution, particularly in the SME sector, with both the ATO and the SRO. Arthur has many years experience in complex tax litigation and tax audit negotiations and settlements. He also has broad experience in the taxation of trusts and SME entities, with an emphasis on Div 7A and high wealth individuals and family groups. Arthur has qualified as a Chartered Accountant and also held senior taxation and management positions in the transport and motor vehicle industries. Arthur is a former President of The Tax Institute, has chaired the Law Institute’s Tax Law Advisory Committee for a decade and now serves on the Industry Advisory Board of the IPA-Deakin University SME Research Centre. Arthur is an Accredited Tax Law Specialist and a widely published writer on taxation issues. He regularly appears in the mainstream media and presents at tax seminars and discussion groups. - Current at 21 September 2018
Click here to expand/collapse more articles by Arthur ATHANASIOU.