Tax Fundamentals for Junior Accountants: Preparing Tax Returns - a series of 5 on demand webinars

Program 1: How to Complete a Tax Return for an Employed Individual

This program will examine the practical side of completing a tax return for an individual who is employed.

• Understanding the form
• Salary and wages income
• Work related deductions
• Super contributions and salary sacrifice
• Dividends and imputation
• Gains and losses on disposals
• Interest income

Program 2: How to Complete a Tax Return for a Sole Trader

This program will examine the practical side of completing a tax return for an individual who runs a small business as a sole trader

• Understanding the form
• Schedule of business income
• Business deductions
• Legal expenses and other expenses on capital account
• Depreciation – pooling – immediate writeoffs
• Small business income tax offset
• Superannuation contributions

Program 3: How to Complete a Tax Return for a Taxpayer with Investment Properties

This program will examine the practical side of completing a tax return for an individual who owns one or more investment properties

• Understanding the investment property schedule
• Each property on separate schedule
• Accounting for the income
• Allowable deductions and items not deductible
• Income vs capital
• Depreciation
• Private use
• Income losses
• Capital gain or loss on sale of property

Program 4: How to Complete a Company Tax Return

This program will examine the practical side of completing a tax return for a company carrying on a business.

• Accounting profit and loss
• Tax reconciliation statement – tax adjustments – prepayments, depreciation, leasing and finance, fines
• Understanding company tax rates – base rate entities vs small business entities
• Paying and receiving franked dividends
• Carrying forward company losses
• Capital gains in companies

Program 5: How to Complete a Trust Tax Return

This program will examine the practical side of completing a tax return for a family discretionary trust – either a trading trust or a trust holding investments.

• Understanding the form
• Trust income, net income of trust estate, distributable income
• Present entitlement
• Streaming of capital gains
• Streaming of franked dividends
• Family trust elections
• Claiming losses