Are you advising small businesses on their tax obligations? If so, understanding the Commercial Debt Forgiveness provisions in Australian tax law is essential. These provisions, often overlooked, can have a significant impact on SMEs, particularly those with related party debt or businesses facing financial challenges.

This comprehensive three-part video series delves into the complexities of commercial debt forgiveness, equipping accountants with the knowledge needed to navigate these provisions confidently.

What You’ll Learn

✅ The purpose of commercial debt forgiveness provisions and their impact on tax attributes

✅ What qualifies as a commercial debt and how it becomes forgiven

✅ Key exclusions and their practical implications

✅ The net forgiven amount and its role in reducing tax attributes rather than creating taxable income

✅ Special topics, including partnership rules, record-keeping requirements, and small business capital allowances

✅ The Division 7A exclusion, FBT debt waiver, and the treatment of corporate workouts under Australian law

Your CPD/CPE Opportunity

This course consists of three videos with a total duration of 51 minutes, making it easy to convert into one hour of verifiable CPD. To enhance your learning, we’ve included a downloadable question sheet designed to help you reinforce key concepts and facilitate discussions with your team.

Immediate Access to Learning Materials

Upon purchase, you’ll receive immediate access to a dedicated web page where you can watch all three videos and download the accompanying question sheet. You will also receive a password that grants you access at any time—so be sure to store it securely for future reference.

Don’t miss out on this essential resource for accountants working with small businesses.

Secure your access today and stay ahead in SME advisory!