June 2021 Round Up - Temporary Full Expensing clarified...mostly

The latest guidance on temporary full expensing, the move to 6 member SMSFs, Div 7A loans, and the case of the accountant, the cash flow boost and the integrity rules.

Members, download the full June 2021 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Join Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Sop), Natalie Scott (Superannuation Adviser) and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits for accountants and advisers:

• The latest guidance on temporary full expensing in LCR 2021/D1 Temporary full expensing
• The practical issues of the extension of the COVID-19 minimum payment relief for Div. 7A loans
• The legislation enabling SMSFs to increase to 6 members, why and the issues that need to be addressed
• The case before the AAT of the accountant, the cashflow boost and the integrity rules (VNBM and Commissioner of Taxation [2021] AATA 1626)