Income tax for companies (108128519) - Online

This comprehensive course is designed to assist you with your company’s income tax compliance obligations.

Key topics:

In this course you will receive information about the topic area and complete various exercises. In addition, a number of case studies will be explored – these are an important component to your learning and provide an opportunity to relate the theory components of the course to your actual practice.

This course consists of one online course, a downloadable PDF learning manual and an online multiple-choice assessment. 

• Identify and distinguish between the types of receipts that must be included in a company’s assessable income.
• Apply the capital gains tax provisions to calculate a taxpayer’s capital gain or capital loss from a CGT event.
• Identify expenditure that is allowable as a general or specific deduction and any limitations relating to that deductibility.
• Apply the capital allowance and capital works regimes to determine the deductibility of certain types of capital expenditure.
• Develop an understanding of multi-jurisdictional tax issues (such as double taxation agreements and thin capitalisation) as they affect companies.
• Understand and apply the principles of the imputation system to both the receipt and making of franked, partially–franked and unfranked distributions.
• Apply various concessions specific to small business entities.