The new temporary full expensing rules provide businesses with a turnover of up to $5 billion with an immediate deduction for 100 per cent of the cost of eligible depreciating assets. The provisions are set out in new Subdiv 40-BB of the Income Tax...
Temporary full expensing of depreciable assets
In this interactive presentation, our Senior Tax Trainers Lee Ann Hayes and Michael Bode will explore the consequences of significant depreciation changes.
- What assets can be fully expensed
- Pre and post 6 October 2020 budget acquisitions
- Buying assets costing <$150,000 v >=$150,000
- New v second hand assets
- Small business and low value pool issues
- Electing in or out of simplified depreciation
- Consequences of disposal of assets
- Different treatment for different turnover thresholds, including key dates
All registrants will be sent the recording and slides post session.
This 90 minute webinar will also feature a Q&A session at the conclusion.
1.5 CPD hours.
Single Price: $143 (Inc. GST)
Group price (3-6 registrations): $429
Each additional registration: $71.50
All delegates must be registered to be able to participate in training and to be eligible to receive qualifying CPD hours.
Tuesday, 24 November 2020
2:00 PM to 3:30 PM (AEDT)
Register for the recording
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BBus (Accounting), CPA
Senior Tax Trainer
Lee-Ann brings over 18 years of tax training experience and is well regarded as an enthusiastic, approachable and engaging presenter. Her strong tax technical knowledge was developed at the Australian Taxation Office, where she held various technical, audit and training roles. Lee-Ann’s passion for tax training began in 2001 after joining Webb Martin Training and continues on at TaxBanter. From this time, Lee-Ann has continued delivering tax technical training sessions for various providers, including boutique training organisations and professional associations.
Lee-Ann’s strong technical knowledge and enthusiastic training style ensures that all participants, from the graduate to the partner, receive maximum value from each training session.
BEc, LL.B, CA
Senior Tax Trainer
Michael has over 20 years’ experience in public practice with Chartered firms including 6 years at Deloitte in tax advisory, 3 years as lead tax advisor for a large financial planning firm and 3 years as head of the national tax consulting division at Prosperity Advisers. Prior to this Michael worked in business services in mid-sized Chartered practices. Having commenced with legal training and practice he gravitated naturally to his love of tax law, advice and team training.
Michael has a broad range of experience covering tax issues and practical compliance for individuals, small business, listed companies and multinationals across a wide spectrum of industries. His extensive work managing tax controversy matters and government submissions, coupled with his business service experience and passion for tax law allows him to provide significant colour and context to his training.