Worrells

Worrells Perth Breakfast Seminar

The Director Debit Loan Account Dilemma

Location
Perth
Date
5 March 2019
Time
7.30am for 8.00am start, 9.00am approx conclusion
Venue
Fraser’s Kings Park, 60 Fraser Avenue, Kings Park, West Perth
RSVP
26 February 2019
Registration
Registration link
Event planner
Tawa Scott

The Director Debit Loan Account Dilemma

When to debit, when to expense, and when to declare as a dividend.

A practical review of debit loan accounts from a liquidation perspective.

Debit loan accounts are often temporary “dumping grounds” for funds drawn by directors with decisions as to their final resting place only considered as part of the year end accounting process. But what happens when a company is placed into liquidation before the loan account has been recharacterized?

Find out why the role of the tax accountant and legal advisor is becoming ever so important in managing client risk.

Speakers

Mervyn Kitay

Mervyn is a Chartered Accountant with over 25 years experience in dealing with Corporate Insolvency, Restructuring and Turnaround engagements across a broad range of industries. Mervyn has also undertaken a large number of Investigating Accountants Reports on behalf of secured lenders. Mervyn heads up Worrells in Perth, Western Australia. In his role, Mervyn accepts the appointment as Liquidator, Voluntary Administrator or Receiver and Manager as the case may be in circumstances where it has not been possible to restructure or turnaround the distressed entity.

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