Tax Foundations On-Demand Series 2020-21


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This tax foundations series covers everything from income tax, GST, PAYG, 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 foundations series, one of our team of dedicated tax trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.


Topics can be purchased as a discounted series and all sessions are recorded, so you can learn on-demand.

Topics will be released periodically during the year (except January). You will be sent a recording link and supporting materials when each new topic is available.


Sessions are a minimum of 1 hour each (minimum 11 CPD hours for the series). Indicative topic areas include:

  • Tax Administration and Compliance
  • Assessable Income, Allowable deductions and Individual taxpayers
  • Trading Stock, Capital Allowances, Capital Gains Tax (CGT) and Business taxpayers
  • Goods and Services Tax (GST) and Employment Taxes, including Fringe Benefits Tax (FBT)
  • Taxation rules for different types of taxpayers
  • Looking to take the next step? Our Special tax topics will take your tax knowledge to the next level.

    Tax Foundations: Tax Administration and Compliance (November 2019)

    Ensure you can best manage your business or clients’ tax obligations and interaction with the ATO with this essential session on the fundamental principles relating to tax administration and compliance.

     

    Topics for this session include:

    • Self-assessment process
    • Amendment process
    • Objection and appeal process
    • Examination/audit process
    • Penalties and interest charges
    • Prosecutions
    • Tax audit risk management.

     

    Tax Foundations: Assessable Income (September 2020)

     

    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.

     

    On successful completion of this topic, participants should be able to:

    • Understand the legislative framework for assessable income
    • Identify common law principles that are the hallmarks of assessable income
    • Work out the way that net tax payable is calculated for a variety of taxpayers
    • Correctly characterise and report different types of receipts

     

    Tax Foundations: Allowable deductions – General (October 2020)

     

    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.

     

    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

     

    Tax Foundations: Allowable deductions – Employment related (November 2020)

     

    The concept of allowable deductions forms a critical part in determining a taxpayer’s liability to income tax. This practical session explores the concept of an allowable deduction from the perspective of an individual taxpayer who has incurred expenses in deriving their assessable employment income.

     

    On successful completion of this topic, participants should be able to:

     

    • Determine whether a work-related expense meets the general tests of deductibility
    • State the requirements for substantiation of work-related expenses including the exemptions
    • Utilise a framework to determine whether expenditure is deductible to an employee
    • Apply the general principles within a case study context

     

    Tax Foundations: Allowable deductions – Motor vehicles and travel  (December 2020)

     

    Details to be added when topic released

     

    Tax Foundations: Rental properties (December 2020)

     

    Details to added when topic released

     

    Tax Foundations: Integrated case study – Individual taxpayer

     

    Details to added when topic released

     

    Further topic details will be added here when new topics are released.

     


    EVENT DETAILS


    Topic: Tax

    Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, Income Tax, International Tax, Self-Managed Superannuation Funds, State/Territory Taxes, Tax Administration

    Format: Recorded Webinar

    Proficiency Level: Foundation

    CPD: Upto 11 hours