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Foundations of Tax 2019 - Assessable Income


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 assessable income forms a critical part in determining a taxpayer’s liability to income tax. In this practical session, gain an understanding of what constitutes assessable income for Australian tax purposes and how it applies to your clients and business. Topics include:

  • Distinction between ordinary income, statutory income, exempt income and Non-Assessable Non-Exempt Income (NANE)
  • Source rules applying to various types of income
  • Calculation of assessable income for both residents and non-residents.
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 worth 1.5 CPD hours. You can view this at a time that suits you.


EVENT DETAILS


Topic: Tax

Sub-Topic: Tax Administration

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate

CPD: 1.5 hours