Running a business from Home
Can I run my business from home? What expenses can I claim? Short answer: yes, you can run a business from home. However, What expenses can your business claim depends…
Take money out of the company for private purposes
Director loan and Division 7A If a Director or Shareholder take money out of the company or use its assets for private purposes, an unfranked, deemed ‘Division 7A’ dividend can…
Report Director use of the company’s money – Method 5
Director Loans from the company A company can make a loan to a shareholder or director. However, to avoid tax consequences, before the company tax return is due or lodged…
Report Director use of the company’s money or assets – Method 4
Dividends If the director also a shareholder of the company. A company can pay a distribution of its profits to its shareholders, which is known as a dividend. The…