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Division 7A Myths Debunked: What the ATO Wants You to Know

Division 7A Myths Debunked: What the ATO Wants You to Know

by Cindy Su | Mar 10, 2025 | All, Business

Division 7A of the Income Tax Assessment Act 1936 is often misunderstood by business owners. Many believe they can withdraw company money or provide financial benefits to shareholders without tax consequences. However, the Australian Taxation Office (ATO) has clear...

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