Tax time 2024: An expert guide to Division 7A

Tax time 2024: An expert guide to Division 7A

Author: CPA Australia June 18, 2024 Duration: 19:16

Division 7A remains a stumbling block for many small business owners when it comes to tax compliance.

In this episode, we take a deep dive into Div 7A to ensure you're fully equipped with the knowledge you need, from understanding how this integrity measure operates to pinpointing where it applies and steering clear of potential pitfalls.

As we gear up for tax time 2024, we also outline the crucial deadlines pertaining to Div 7A that tax advisers and their clients need to have on their radar.

If you're a business owner or an accountant working for an SME, this tax time episode is a must-listen. Tune in now.

  • Host: Gavan Ord, Business Investment and International Lead, Policy and Advocacy, CPA Australia
  • Guest: Anthony Marvello, Assistant Commissioner with the Australian Taxation Office (ATO)

For added guidance related to this episode, these ATO links will help you:

Additionally, CPA Australia has tools and resources to help support you at tax time. 

The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other Tax Time 2024 episodes at the series page.

You can also listen to previous episodes in this series on CPA Australia's YouTube channel.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

Search for them in your podcast platform.

Email the podcast team at podcasts@cpaaustralia.com.au


Tune in to With Interest for a clear-eyed look at the forces shaping the world of business and finance. Presented by CPA Australia, this weekly discussion moves beyond the headlines to explore the practical implications of change for accounting professionals, business leaders, and anyone with a stake in the economic landscape. You’ll hear from practitioners and experts who break down complex topics in auditing, taxation, and corporate strategy into actionable insights. The conversations in this podcast are grounded in real-world application, whether the subject is a shift in regulatory frameworks, emerging leadership challenges, or broader economic trends. It’s a resource designed to inform your decisions and deepen your understanding of the professional landscape. For those looking to stay current and think critically about their work, With Interest provides a reliable and engaging audio companion. Each episode serves as a timely update and a catalyst for deeper professional reflection, all delivered with the authority and depth you would expect from CPA Australia.
Author: Language: English Episodes: 90

With Interest
Podcast Episodes
Meet the "hacker" protecting you from cyber threats [not-audio_url] [/not-audio_url]

Duration: 27:19
With Interest presents an episode from CPA Australia's INTHEBLACK podcast. Penetration testers hack into your company servers. Don't worry – these are friends who can help your company stay safe from the dark web's cyber…
Australia's major tax changes in 2023: an expert guide [not-audio_url] [/not-audio_url]

Duration: 13:00
Did you know that more than $683 billion in tax was collected across all levels of Australian government in 2021-22? These funds were allocated to everything from health, education, infrastructure and defence, and biosec…
Your expert guide to super's proposed changes [not-audio_url] [/not-audio_url]

Duration: 17:07
Planning for retirement is crucial. For many Australians this involves managing and increasing contributions to their superannuation fund. Government policies, however, significantly affect retirement savings. Recent dra…
What to do when the ATO contacts you [not-audio_url] [/not-audio_url]

Duration: 14:01
Receiving communications from the Australian Taxation Office (ATO) can often be stressful for taxpayers and their advisers. Nevertheless, being aware of what to anticipate and how to appropriately react can alleviate som…
Auditor Proud: Keeping up with changing expectations in audit [not-audio_url] [/not-audio_url]

Duration: 16:58
Did you know that the audit function dates back to ancient Rome? Or that it was Henry I who coined the word "audit"? Explore these and other interesting facts about the audit profession in the lead-up to Auditor Proud Da…
Is Australia's insolvency regime on the right track? [not-audio_url] [/not-audio_url]

Duration: 16:01
We examine the recent Government review into insolvency with the report Chair. Broken or fit for purpose? We put Australia's corporate insolvency regime under the spotlight. Tune in now. Host: Dr Jane Rennie, Head of Med…
JobKeeper: Assessing the business support [not-audio_url] [/not-audio_url]

Duration: 19:29
JobKeeper was the biggest stimulus payment to business in Australian history. CPA Australia's expert panel takes a look at how this A$88.9 billion stimulus package stacks up against other programs and evaluates its effec…
Expert property market update with Warren Hogan [not-audio_url] [/not-audio_url]

Duration: 18:01
Do you need to enhance your understanding of Australia's property market? Whether you're a homeowner, investor, buyer or renter, this episode will provide you with valuable property insights. Uncover expert perspectives…