Client Profile
Long-standing business with limited historical tax advice.
Challenge
The client discovered past director loans that had never been formally documented, exposing them to Division 7A issues for multiple years.
Strategy
Reviewed historical loan balances and movements
Implemented corrective strategies within ATO guidelines
Put compliant loan agreements and repayment schedules in place
Established improved bookkeeping and governance processes
Outcome
The client achieved a clean, compliant position going forward, with reduced risk of ATO scrutiny and improved financial clarity.
Key Takeaway
Even historical Division 7A issues can often be managed with the right advice.