Foundations of Tax 2018: Capital Allowances
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.
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.
This session explores the tax principles underlying the various forms of capital allowances. Ensure you are aware of the issues when dealing not only with depreciating assets but special types of ‘pooled expenditure’, certain capital expenditure and capital works. This session will cover:
- General operation of the capital allowance provisions
- Requirements for a depreciation deduction or immediate write-off
- Calculating the cost of depreciating assets
- Assessing the effective life of depreciating assets
- Prime cost and diminishing value methods
- Balancing adjustment events
- Pooling of depreciating assets
- Capital works.
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.
Ken Mansellhas worked on tax policy development on the Henry Review, in the office of the Assistant Treasurer and in the Revenue Group of the Treasury, worked in the Tax Division for both KPMG and Deloitte and has been the Taxation Manager for the Seven Network and Raytheon Australia.
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