Practical Tax Examples - Company Tax and Franking

Description

A practical guide to the new corporate tax landscape.

The announcement of cuts to the tax rate for small companies a few years ago must have seemed like good news at the time but it came with a sting in the tail. With a series of rolling cuts to the tax rates for small companies, changing definitions of what constitutes a small company, the introduction of new definitions as to which companies can use the new lower rates and flow on effects to company shareholders receiving franked dividends, the new rules have in practice substantially increased the level of complexity for SBE’s and their advisers.

Drawing on material from the newly updated Australian Practical Tax Examples book, this webinar takes a step by step approach to understanding the new rules, explaining how the changes impact both companies and their shareholders. We will work through examples taken from the book, explaining how tax law and administrative practice applies to real life situations.

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 theory and practical worked examples illustrating the following issues:
Working out the correct rate of corporate tax
Working out the correct franking rate
What is a base rate entity?
What is passive income?
How are shareholder taxed on dividends?

Learning Outcomes:
Attendees can expect to complete the webinar with a detailed understanding of the new corporate tax landscape with a particular emphasis on the changes impacting smaller corporate clients and their shareholders.

Suited to:
Accountants and tax practitioners that deal with small corporate clients and their owners.

Presenter Bio:
Since 2015, Mark Chapman 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. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.

Mark has over 25 year’s 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.

You will also be provided with: 

  • The PowerPoint Presentation Slide Deck
  • Any Supporting Documentation
  • Webinar Recording to view multiple times for up to 6 months
  • Q&A Session & follow up contact details

  • Oct 28
    Wed, 1:00 PM AEDT - 2:00 PM AEDT Online
    • $185.00 incl. GST
    • PD hours: 1

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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.