Income tax for companies - Workshop 2017

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 anyone requiring a comprehensive refresher and overview of the income tax reporting requirements and landscape. 

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 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 practical examples, activities and knowledge checks
  • Presentation slides
  • Ample networking opportunities with colleagues over morning and afternoon tea and lunch

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.

Please note enrolments close 2 working days prior to the workshop date.

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

2 days

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