Fundamentals of Tax 2025-2026: Companies package

This package introduces practitioners to the taxation framework for companies as business structures, with a focus on both strategic understanding and practical tax compliance. It covers the company tax system, including imputation, and guides participants through the preparation of company income tax returns, addressing a wide range of typical income and expense issues.

Across the 2 sessions, participants will be able to:

Company Structures & Imputation 

• Critique the effectiveness of using a company structure based on key business structuring considerations.
• Understand the tax implications of a company carrying on a business, including how profits are taxed and distributed.
• Explain the imputation system, including franking credits and how they affect shareholders.
• Recognise when and how a company can be integrated with other entities in a broader business structure.
• Identify whether a GST refund is applicable for the company.

Company Tax Return Preparation

Accurately complete the company income tax return including:

• Reconciliation of accounting profit to taxable income.
• Determination of the appropriate corporate tax rate (25% vs 30%).
• Treatment of capital gains, including profits on asset sales.
• Accounting for finance arrangements such as hire purchase, chattel mortgage, and finance leases.
• Reporting of employee entitlements, doubtful and bad debts, and FBT expenses.
• Handling employee fringe benefit contributions.