A client sees a loan as an everyday transaction through a business.
The accountant says a loan is whatever you want it to be!
Recent changes to the tax law and the ATO's announcement on corrective action make it imperative to know exactly when a transaction is properly a loan, a payment or a fiction.
In this seminar, the accounting treatment of a loan was discussed as well as the taxation implications.
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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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