Description

This continuing professional development course provides you with skills and knowledge required to prepare income tax returns for individuals and sole traders in accordance with statutory requirements, encompasses gathering and verifying data, calculating taxable income and reviewing compliance.

This course may satisfy the continuing professional development requirements for bookkeepers, BAS agents, accountants, Tax agents and employees working in the business service sector. This course will also be of benefit to business owners, managers, business partners, bookkeepers, assistant accountants and accounts clerks.

Skills Covered:
- Introduction to income tax
- Assessable income
- Capital gains
- Exempt income and non-assessable non-exempt income
- Annuities and foreign investments
- Termination payments
- Small business entities
- Trading stock
- General deductions
- Specific deductions
- Decline in value and capital allowances
- Tax offsets
- Income tax returns - individuals and sole traders
- Tax losses

Some of the units may require students to purchase a textbook as learning resources. The cost of the text book is an additional expense that is not included in the fee.