Name: Assessable Income: Strategies, Mistakes, and Emerging Trends
Price: 117 CAD
Rating: 4.7 (69 reviews)

What You'll Learn

check_circleUnderstand the legislative framework governing assessable income in Australia, including the process of passing bills and the principal legislations related to income tax.

check_circleCalculate net tax payable for individuals, businesses, and trusts, considering taxable income, deductions, and applicable tax rates.

check_circleDetermine deductible expenses to reduce assessable income, including both general and specific deductions.

check_circleUnderstand the treatment of capital gains and losses in the calculation of assessable income, considering residency status, holding periods, and applicable laws.

check_circleAnalyze the impact of foreign income on assessable income, recognizing the tax obligations for residents, non-residents, and temporary residents.

check_circleEvaluate the tax treatment of rental income and expenses, including deductions and the concept of negative gearing.

check_circleCalculate assessable income for companies, considering taxable income, deductions, tax rates, and the treatment of dividends and franking credits.

check_circleIdentify common mistakes in calculating assessable income and implement best practices to avoid errors and potential penalties.

check_circleUnderstand the tax treatment of rental income from short-term rentals, such as Airbnb.

check_circleRecognize the role of the Australian Taxation Office (ATO) in determining and enforcing assessable income laws, and understand the rights and responsibilities of taxpayers.

About This Course

This comprehensive course is designed for accountants and tax practitioners seeking a thorough understanding of the legislative framework, principles, and calculations related to assessable income in Australia. Participants will delve into the essential components of assessable income, including income from various sources, deductions, capital gains, foreign income, government benefits, and more. Through a series of in-depth modules, participants will gain the knowledge and skills necessary to accurately determine assessable income for individuals, businesses, trusts, and partnerships. The course also explores common mistakes, emerging trends, and challenges in calculating and reporting assessable income.

Your Instructors

Mohan David

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star285 reviews

Born in Sri Lanka completed my studies in Wesley College Colombo. Soon after college followed a course in Charted Institute Management accounts UK and became ACMA. I moved to Dubai and worked in Tyco International & Thomas Cook Travel & Exchange Company as Financial & Administration Controller for 27 years. I migrated to Australia in 2012 and became an ACPA. I joined H&R Block as tax consultant. I was promoted as Branch Manager within a year. I was judged as Employee of the Year in 2005 and later Best Branch Manager in 2006. I moved to Tax7 accountants as their working arrangements suited me during Covid. During my career as tax consultants for the past 10 years in Australia, I had the opportunity of familiarising myself in various aspects of Individual, Company &trust tax laws in Australia. Deceased estate is one of my favourite topics as it is complicated, and many people are not able to proceed further without the advice of the accountant.

Michael Schiavello

Podcast Host | LearnFormula

Sports commentator and TV host. Winner of 2018 and 2020 Asian Television Awards (Asian Emmy) for Best Sports Presenter / Commentator. Host and commentator of One Championship, Asia's largest sports media property, broadcast to 154+ countries, Nielsen rated 80+million viewers, Tubular analysis 5.4bn social media views (fourth highest in the world). Olympic Games commentator. Commonwealth Games commentator. FIFA World Cup correspondent. Victoria Premier League Soccer (football) commentator FUTSAL OZ Series Commentator Former host and commentator on AXS TV Network USA. Host of CableFax Award-nominated interview show 'The Voice Versus'. Best-selling author and award-winning writer. Radio host. Commentated on networks including Amazon Prime, BeInSport, NBC, CBS, SyFy, Canal+, Spike, EuroSport, ABS-CBN, Star Sports Select, Fox Sports, Fox 8, Sky, TVNZ, Thairath 32, TV3, Main Event. College Lecturer and public speaker.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

Assessable Income: Strategies, Mistakes, and Emerging Trends

What You'll Learn

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