Practical Tax Examples - Depreciation

Description

A look at how the tax rules apply to the depreciation of capital assets used by businesses and property investors

Drawing on material from the newly published second edition of Australian Practical Tax Examples, this webinar, will examine key tax concepts surrounding depreciation for businesses and property investors by working through examples taken from the book, explaining how tax law and administrative practice applies to real life situations, and how that can translate into a tax outcome for your clients.

Examples are deliberately framed to reflect real life client situations and issues that you might encounter on a daily basis, as well as some of the more complex and unusual outcomes that can apply.

During the webinar, you will be guided through practical worked examples illustrating the following tax topics: 

  • Small business entities: the immediate deduction and the general small business pool
  • Depreciation of second hand assets in residential investment properties
  • Tax treatment of expenditure on commercial website development
  • Assets used for private purposes: the depreciation and CGT implications
  • Depreciating intangible assets

Webinar Learning Outcomes:

Participants will gain an understanding of how tax law applies to depreciation claims, both in theory and when applied to common client situations, as explored through our practical worked examples. The knowledge gained can then be taken back to the office to be applied to your present and future clients. Examples reflect recent changes to the rules, specifically for small businesses and residential property investors.

Suited to:

The webinar provides an introductory and intermediate level of knowledge ideal for the development of staff within tax agent and accounting practices who act for businesses and individuals.

Presenter Bio:

Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax and has recently edited and updated the second edition of Australian Practical Tax Examples, published in September 2019, both published by Wolters Kluwer CCH Australia.

He has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.

Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance.  As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.

You will be provided with:

  • PowerPoint Presentation slide deck
  • A word searchable Transcript of the entire webinar and Q&A session
  • Webinar Recording to view multiple times for up to 6 months
  • Q&A Session and contact details for follow up

  • Webinar Recording
    • PD hours: 1
    Stream this recording multiple times at your convenience.
    • $185.00 incl. GST

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.