Tax Fundamentals face-to-face training.
A highly practical and hands-on program providing a comprehensive and relevant introduction to the fundamentals of tax.
Ideal for those seeking a well-rounded overview or refresher to tax, delivered in a practical and engaging way.
Each module includes case studies and real-life examples. The program is developed, delivered and supported by highly experienced trainers.
Tax Fundamentals consists of nine modules, with each module including challenges designed to mirror the everyday tasks that are found in your workplace. Modules are practical and engaging and will develop participants’ understanding through the use of activities and the application of concepts to real-life scenarios and examples.
What are the benefits of tax fundamentals training?
Add value to your organisation immediately
Comprehensive and relevant program content
Practical delivery with real-life examples
Developed, delivered and supported by highly experienced trainers
2-for-1 discount
Register 2 delegates and only pay for 1.
50% off Additional Delegates
Register any additional delegates and
pay only $660 (inc. GST) per additional
person.
Discounts will be calculated automatically during the registration process for the full series.
The program
The Tax Fundamentals face-to-face training program is made up of nine modules presented across two days.
01. Deductions
- General Deductions – s. 8-1 ITAA1997
- Interaction with the GST
- Specific Deductions
- Losses
- Interest deductions
- Prepayments
- Deductions for Employees
02. Assessable Income
- General Deductions – s. 8-1 ITAA1997
- Interaction with the GST
- Specific Deductions
- Losses
- Interest deductions
- Prepayments
- Deductions for Employees
03. Capital Allowances & Depreciation
Part One – Division 40 – Capital Allowances
- What is a depreciating Asset?
- Decline in Value
- The Holder of a depreciating asset
- Explain the capital allowance rules of Division 40
- Special rules for Small Business Entities
- The Rules for Business related capital costs
Part Two – Capital Works
- The Rules of Division 43 – Capital Works
04. Capital Gains Tax (CGT)
- CGT Events
- CGT Assets
- Acquisitions of Assets
- Cost Base Rules
- Discount CGT Concession
- Indexation
- CGT Event A1
- Record Keeping
05. Entities
- Types of entities
- Choosing an entity for business or investments
06. Goods & Services Tax (GST)
Part One – Introduction
- How to approach the GST
- Liability to GST
- The Basic Concepts
Part Two – Specific Issues for GST
- Taxable Supplies
- Creditable Acquisitions
- Tax Periods and the attribution rules
- Net Amounts
- Input Taxed Supplies
- GST Free Supplies
- The Margin scheme for GST Property transactions
07. Fringe Benefits Tax (FBT)
- An overview of the 12 Types of Benefits
- The Arranger Provisions
- Record Keeping Obligations
- Recipient payments and contributions
- Reportable Fringe Benefits
08. Superannuation
-
Part One – Introduction
- What is Superannuation?
- The Three Phases of Superannuation
- What is a Complying Fund?
- What is a Non-Complying Fund?
Part Two – Self Managed Superannuation Funds
- What is an SMSF?
- Contributions and the Rules including Contribution Caps
- Excess Contributions Tax
- Investment Rules
- Benefits and cashing rules
09. Tax Administration
- The requirement to lodge returns
- The payment of tax
- The penalty regime
- Disputes, objections and appeals
- The powers available for recovery of tax
- Taxation offences: Prosecution actions
Who should attend?
Participants who wish to gain a fundamental understanding or a refresher of the key elements of the Australian tax system. This includes trainees, graduates, those returning to the industry/workforce, BAS agents or bookkeepers.
Upon completion of the Tax Fundamentals program, participants will receive TaxBanter’s Professional Certificate in Tax Fundamentals. To obtain the Certificate, participants need to complete all nine modules.
Cost
$1,320 (inc. GST) per person
2-for-1 discount
Register 2 delegates and only pay for 1.
50% off Additional Delegates
Register any additional delegates and
pay only $660 (inc. GST) per additional
person.
Discounts will be calculated automatically during the registration process for the full series.
2019 Dates & Venues
Melbourne
March:
Wednesday 6 & Thursday 7 March, 2019 (2 days)
Venue:
Karstens
123 Queen Street
Melbourne, VIC
Sydney
October:
Wednesday 20 & Thursday 21 March, 2019 (2 days)
Venue:
Club York/York Events
95-99 York Street
Sydney, NSW
Testimonials
"Our trainer tailors our sessions to our needs and allows discussion on more in depth issues particular to our client base."
Valda Glynn
MRG Redshaw, QLD
“We like the interaction with the trainers, their ability to answer questions from the floor and details provided in the training materials.”
Nicholas Rodier
M V Anderson & Co, WA
"Our trainer presents complex issues in a manner that enables discussion, understanding, and the ability to further investigate through the use of the comprehensive notes."