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Foundations of Tax 2018: Allowable Deductions


This product is currently on sale: Use promo code NY25 at checkout to receive 25% off. Hurry, offer expires 11:59pm, Thursday 31 Jan 2019.In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

Content Description

Join us as we cover everything from GST, PAYG and FBT, to CGT and other Australian tax system essentials. A firm understanding of these essentials will give you a great head-start as a tax professional.

In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

Session Information

The concept of allowable deductions forms a critical part in determining a taxpayer’s liability to income tax. In this practical session, gain an understanding of what constitutes an allowable deduction for Australian tax purposes and how it applies to your clients and business. This session will cover:

  • Positive and negative limbs of the general deduction provision under section 8-1
  • General and specific deductions
  • When an expense/outgoing has been ‘incurred’ for income tax purposes
  • Timing rules that apply to the tax deductibility of certain prepaid expenditure
Benefits

Understanding areas such as assessable income, allowable deductions, capital allowances, GST, FBT, and CGT will start you off in the right direction for a successful career in tax. This series is also perfect as a refresher, to make sure you’re on top of the latest changes.

Tristan WebbPrior to joining CAANZ Tristan Webb was National Tax Director at Crowe Horwath for 6 years. Crowe Horwath is one of the largest of Australia’s mid-tier Accounting firms. In this capacity, he was responsible for:

Group Learning and Development Tax risk management policy;

Development of group intellectual property on emerging tax issues;

Developing consistency between member firms through tools, products and processes;

Business development;

Brand building, marketing and media liaison;

Knowledge building at tax specialist level (amongst other responsibilities) ;

Tristan was also required to report to the Crowe Horwath Board of the Tax Advisory Group on a monthly basis.

Before joining Crowe Horwath, Tristan was a Training Specialist at the Institute of Chartered Accountants. He has other Big Four and mid-tier Chartered Accounting experience and has worked for Australia’s top legal publisher in Tax and for the Australian Taxation Office for several in various positions.


EVENT DETAILS


Topic: Tax

Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Income Tax, State/Territory Taxes, Tax Administration

Format: Recorded Webinar

Proficiency Level: Foundation

CPD: 1.5 hours