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…