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
  • 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 capitalisation
  • Legal expenses
  • Trading stock
  • Administration
  • Anti-avoidance provisions
  • Consolidation
  • Dividends
  • The small business entity regime
  • Year end tax planning

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.

365 Days

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