Income tax for companies (75700922) - Learning manual

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:

• 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