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Tax Issues for Small & Medium Companies and Trusts

Published on 13 Mar 2003 | Took place at Toowoomba, Gold Coast and Sunshine Coast, QLD

This seminar series was presented at:
- The Burke and Wills Mercure Hotel, Toowoomba on 13 Feb 2003
- The Grand Mercure Hotel, Broadbeach on 27 Feb 2003
- The Mooloolaba Yacht Club, Mooloolaba on 13 Mar 2003

As part of the general tax reform process SMEs have to deal with taxation reforms, regardless of the resources available. Awareness of the issues that can arise is critical.

There are a number of taxation reform issues that are now 'live' as of 1 July 2002, including the simplified imputation rules and the new general value shifting rules. In addition, the debt/equity characterisation regime has been with us for over 18 months. Five years on from the introduction of Division 7A, the Australian Taxation Office has commenced a review of the understanding of and the compliance with Division 7A by private companies.

This seminar aimed to highlight the key issues that SMEs and advisers to SMEs need to be aware of in the current tax reform environment.

Individual sessions

Tax Issues for Small & Medium Companies and Trusts

Author(s):  David MARSCHKE This seminar paper covers topics including:
- simplified imputation rules
- debt/equity characterisation rules
- general value shifting rules
- Division 7A issues including recently announced changes
- other issues for small and medium enterprises.

Materials from this session: