Designed to provide a solid grounding in Australian taxation, Tax Academy units support your learning as a busy tax professional.
Gain a fundamental understanding of the conditions for deducting expenses for income tax purposes.
Create client confidence with a solid knowledge of one of the foundations of the Australian tax system.
Review the conditions for a taxpayer to deduct outgoings and expenses to arrive at taxable income.
Learn about different types and forms of trusts and how trusts are subject to the income tax law.
Explore CGT assets, CGT events, CGT for foreign residents and calculating a net capital gain for an income year.
Understand regulatory and income tax issues facing sole traders, partnerships and family trusts.
Identify how particular amounts of expenditure and income are treated, on capital or revenue account.
Gain an understanding of the fundamental concepts of the duty regimes across Australia.
If you're taking on a role advising corporte clients, familiarise yourself with basic legag status and the fundamental topics of interest or impact.
Understand concessional vc non-concessional contributions plus how super benefits and funds are taxed and regulated.
Learn about fringe benefits tax - where it applies, how to calculate its taxable value and the fringe benefits tax an employer is liable for in respect of it.
Working with individual clients? Consolidate your understanding of the different rates of tax payable by individual taxpayers and why there are differences.
Understand the requirements to register for GST and what that means, including lodgementof business activity statements and accounting for GST.
The regulatory regime for tax practitioners under the Tax Agent Services Act 2009 and the TPB. Learn about the Code of Professional Conduct, legislated in TASA 2009.
Gain a foundational understanding of one of the more complex areas of the Australian income tax law and be able to provide initial basic advice to clients.
Complex CGT provisions and the key issues regarding the main residence exemption. Consequences when an individual dies and the provisions applying a foreign residency lens.
The tax rules associated with cross border transactions as they relate to resident and non-resident taxpayers and principles of residency and source.
The meaning of small business entities (SBEs) and the simplified and concessionary tax treatments available to entities classified as SBEs.
Learn about creditable purpose and adjustment events, financial supplies, GST and real property, and cross-border transactions.
Examine the attribution regimes which seek to tax foreign-sourced income of non-residents to a resident taxpayer in certain circumstances.