• Home
  • Foundations of Tax 2019 - Allowable Deductions

Foundations of Tax 2019 - Allowable Deductions


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.

This is a recorded webinar which you are able to view at a time that suits you.


EVENT DETAILS


Topic: Tax

Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, Income Tax, Income Tax (inc CGT), International Tax, State/Territory Taxes, Tax Administration

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate

CPD: 1.5 hours