We asked Professor Bob Deutsch from The Tax Institute some questions on the Tax implications for business owners looking to take out an unsecured business loan.
Question 1. What is the role of an accountant in advising clients who seek business finance from a non-bank business lender?
Question 2. What are some of the tax implications that arise from taking small business loans from non-bank business lender?
Question 3. Online brokers such as ebroker utilize Real-time AI & Algorithms to perform tasks previously performed by humans. With AI also being applied to Tax Advise and Tax Returns. How will this will effect Accountants and the TAX Landscape in Australia?
Watch the video for Bob’s responses.