This course begins by explaining the conditions that you must meet in order to be treated as a ‘small business entity’. It then examines the concessions that are available to small business entities and the additional conditions you need to satisfy to access those concessions.  

There are a number of concessions that are available to small businesses but to access these, you need to meet certain conditions. The concessions fall broadly into two categories: 

  • Those that apply to ordinary income
  • Those that apply to capital gains

Key topics:

  • What is a small business entity (SBE)?
  • Concessions that affect ordinary income
  • Concessions affecting capital gain

This one hour online course forms part of the FastClass short course suite.

Learning objectives

  • Explain the conditions that an entity must meet in order to be classified as a Small Business Entity and  analyse fact-based scenarios to determine whether the requisite conditions are met
  • Apply the range of ordinary income concessions that are available to small business entities to fact-based scenarios
  • Determine what Capital Gains Tax (CGT) concessions are available to small business entities and how to apply them

Audience

This course is suitable for tax practitioners in public practice, small to medium enterprise and the corporate sector.

This course is based on the Australian taxation system.

365 Days

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