This comprehensive course is designed to assist you with your company’s income tax compliance obligations.
Key topics:
The legal nature of companies
Databases and how to use them
The income tax formula
Statutory income
Income not subject to income tax
Deductions
Legal expenses
Trading stock
Capital Allowances – Division 40 and Capital Works – Division 43
Repairs vs improvements
Research and development
Losses (revenue and capital)
Non-deductible expenditure
Aspects of international tax
Thin capitalisation, branch profits, tax and transfer pricing
Administration
Anti-avoidance provisions
Other tax issues
Dividends
The small business entity regime
Year end tax planning checklist
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.