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READ MOREPractitioners warned over Div 7A journal entry practices
Accountants have been urged to be careful when it comes to complying with rules governing the payment of a dividend by journal entry for Division 7A loans.
Speaking to Accountants Daily, TaxBanter senior tax trainer Robyn Jacobson said the use of journal entries to make Division 7A loan repayments via a dividend has brought to light a number of practices that might not be fully compliant with the law.
Read more at Accountants Daily.
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