Income tax for companies 2018 - 2 day workshop

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
• 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

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 tax accountants 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.