Foundations of Tax 2021-23 - Session 2 - Allowable Deductions: General
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.
This session was recorded on 19 August 2021.
This session was recorded on 19 August 2021.
Learning outcomes
On successful completion of this topic, participants should be able to:
This session forms part of the Foundations of Tax Series.
Benefits
These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the fundamental tax topics in minimal time.
ATSTax
On successful completion of this topic, participants should be able to:
- Understand the legislative framework for allowable deductions
- Identify common law principles that are the basis for understanding the general deduction provision
- Identify issues concerning deductions against business income or commercial operations
- Utilise the provisions and principles in a practical context.
This session forms part of the Foundations of Tax Series.
Benefits
These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the fundamental tax topics in minimal time.
ATSTax
Please find the link for the full series of the Foundations of Tax 2021-2023 here.
Tristan Webb
Senior Tax and Superannuation Trainer, Chartered Accountants ANZ
Tristan has more than 25 years’ tax experience in organisations such as the Australian Taxation Office, PwC, CCH and HLB Mann Judd. He was the national tax director at Crowe Horwath immediately before joining Chartered Accountants ANZ. His role required a good working knowledge of tax and risk issues for mid-tier accounting firms operating in the small to medium enterprise (SME) sector. Tristan’s expertise is in company and trust taxation for SMEs and high net worth clients.
Senior Tax and Superannuation Trainer, Chartered Accountants ANZ
Tristan has more than 25 years’ tax experience in organisations such as the Australian Taxation Office, PwC, CCH and HLB Mann Judd. He was the national tax director at Crowe Horwath immediately before joining Chartered Accountants ANZ. His role required a good working knowledge of tax and risk issues for mid-tier accounting firms operating in the small to medium enterprise (SME) sector. Tristan’s expertise is in company and trust taxation for SMEs and high net worth clients.
EVENT DETAILS
Topic: Tax
Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, Income Tax, International Tax, Tax Administration
Format: Recorded Webinar
Proficiency Level: Foundation
CPD: Upto 1.5 hours