Income tax for companies - 2 day workshop 2019

Keep up to date with the changing tax regulations as they relate to the reporting of company income, losses, deductions and multi–jurisdictional tax issues. This 2-day workshop is suitable for tax accountants requiring comprehensive coverage of the income tax reporting requirements and landscape.

My Offerings

Overview

Keep up to date with the changing tax regulations as they relate to the reporting of company income, losses, deductions and multi–jurisdictional tax issues. This 2-day workshop is suitable for tax accountants requiring comprehensive coverage of the income tax reporting requirements and landscape.

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 checklist

You will receive:

  • A comprehensive learning manual including case study applications, practical examples, activities and knowledge checks
  • Presentation slides
  • Ample networking opportunities with colleagues over morning and afternoon tea and lunch

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 tax accountants needing to prepare company tax returns.

Please note enrolments close 3 working days prior to the workshop date to ensure any dietary and special requirements can be accommodated.

Looking for a customised learning solution for your organisation or team? Contact us today to discuss in-house learning options.

Details

90710007

2 days

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