课程介绍（12小时）
Individual Tax return including Sole Trader
A successful interview with a potential employer would very likely require that you have pre-knowledge in the preparation of tax returns. Knowing how to use a particular software to produce tax returns is inadequate as this is just only a technical tool. You should show them that you have skill sets which are well beyond the use of a software. Your potential employer should feel that you can add value to the organisation and therefore be hired.
This course is good for the following candidates who
• are preparing CPA Advanced Taxation
• wish to get into taxation job – individual tax return
• wish to prepare their own complex tax return with the ability to maximise deduction
• in the university and vocational education sector who are looking for further help in their studies in Australian taxation
讲课大纲
Session 1 (A) How is taxable income calculated? Understand the Australian Income tax system through Income, deductions.
This session provides the most and latest underpinning knowledge in tax. You will have confidence to consult with clients after this session.
1. Identify assessable income – to understand types of income
Actual tax return forms are going to be explained and used for this session.
• PAYG summary
• Employment income
• Exempt income
• Government Security income
• Interest income
• Tips
• Personal services income
• Fringe benefits, allowances vs reimbursement
• Non assessable non exempt income
• Dividend and imputation system
• Sole trader business income
1. Identify allowable deductions – to minimise taxable income
• PAYG summary
• General and specific
• Losses carried forward
• Non commercial business losses
• Gifts
• Decline in value and low value pool
• Motor vehicle deductions (car expenses)
• Travel expenses
• Work related deduction – What are the catches? What should be careful about?
• Uniform and laundry
• Employee deductions
• Self education expenses
• Borrowing costs
• Black hole expenses
• Sole trader deductions
• Other miscellaneous deductions
• Practical part: Individual tax return forms. Students are going to complete individual tax return forms and gain a knowledge how to interpret the information from the PAYG summary.
Session 1 (B)
How tax is calculated? Understanding Australian marginal tax rates and utilization of tax offsets that are available for clients
Understand clearly how tax is calculated and how you can consult with clients to give them maximum benefits and satisfaction
• Low income tax offsets
• Dependant tax offsets
• Medical expenses tax offset
• Private health insurance tax offset
• Government social security tax offset – beneficiary
• Mature Australian worker tax offset
• Senior Australian and Pensioners tax offset
Session 2 Lodgment of Business BAS
1. Sole trader income and expenses
2. Cash accounting and accrual accounting
3. Preparation of BAS and IAS form
Session 3 Investment – Real property and financial products
This session provides insight into the most common investment method, the negative gearing. This session explains how negative gearing is derived and therefore facilitate tax planning.
You will be able to carry out tax planning through Australian investment market.
1. Capital gains – completely explained
• Collectables
• Personal use assets
• Real property
• Indexation method
• Discount methods
• Cost base for real properties
2. Rental income
• Negative gearing – how to facilitate this with future earnings (capital gains)
3. Foreign exchange income
Session 4 Termination payments
Australia’s aging population is on the increase and therefore this session is essential to deal with retirements and use of their superannuation fund. This session provides overview of the different tax adjustments for termination related payments (redundancy and superannuation).
1. Employment termination payment overview
2. Tax calculation - termination payment
• Genuine redundancies
• Early retirement payment
• General retirement
3. Superannuation
• Income stream as investment
• Lump sum
• Superannuation withdrawal for non Australian resident (eg. Overseas students)
Session 5 Making it all work!
This session is a review session, students will go through each session and put them together to prepare an individual tax return. Also tips for consultation with clients will be provided.
The training is focused on providing knowledge skills in tax laws and tax processes in relation to individuals and practical skills in application to industry situations. Face to face coaching will be done by a teacher with over 8 years teaching experience at TAFE NSW & now run her own tax firm. Simulated work place experience found in tax office and tax practitioners offices will be provided to develop your practical skills.
At the end of this course, successful students will have general and specific understanding of Australian tax system. The knowledge and practical skills gained will be suitable to be used in any tax office. The information provided in the course will be useful for accountants to provide consultation to clients in regard to tax planning as well as tax strategies and tax compliance purposes.
价格
$980
