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

Key topics:

  • The legal nature of companies
  • The income tax formula
  • Statutory income
  • Income not subject to income tax
  • Deductions
  • Capital Allowances – Division 40 and Capital Works – Division 43
  • Repairs vs improvements
  • Research and development
  • Superannuation, employer contributions
  • Losses (revenue and capital)
  • Non-deductible expenditure
  • Aspects of international tax
  • Thin capitalization
  • Legal expenses
  • Trading stock
  • Administration
  • Anti avoidance provisions
  • Consolidation
  • Dividends
  • The small business entity regime
  • Year end tax planning checklist

This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

Learning objectives

  • 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

Audience

This course is suitable for those needing to prepare company tax returns.

This course is based on the Australian taxation system.

365 Days

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