This unit describes the performance outcomes, skills and knowledge required to prepare non-complex income tax returns for individuals in accordance with statutory requirements, encompasses gathering and verifying data, calculating taxable income and reviewing compliance. Note: No refunds apply unless the course is cancelled by TAFE SA.
This course applies to accountants and tax specialists who prepare non-complex tax individual returns.
This course meets the Australian Tax Practitioners Board (TPB) educational requirements for Tax Agent registration and renewal of registration.
Australian Taxation Law I - TAFESA TPB TAX1 (Tax Agent Registration)
- 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 for individuals
- Tax losses