Tax Deductions Essentials Webinar
The framework for determining if and how a deduction is available
Step-by-step guide to determine whether a deduction can be claimed
Timing issues: now, later or a mixture of both?
Key changes, the latest ATO guidance and lessons to be learned from recent cases
A Live Instructor Led Webinar
Tax deductions are often the subject of dispute between the ATO and clients. This means that it is important for practitioners to stay up to date with developments as they arise, especially because practitioners often need to exercise a degree of judgment in determining whether a deduction can be claimed.
The Tax Deductions Essentials Webinar provides you with a framework for understanding when deductions can be claimed and how to apply the timing rules.
We explore the revenue and capital distinction, but also look at some of the key rules which can allow deductions to be claimed for capital expenses. Ensure your team is up to speed with the latest developments, that clients aren’t missing out on deductions that are available to them and keep them under the ATO’s radar.
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AU $595 non-members
Details
Recorded: 11 April 2024
FAAA accredited for 1.25 CPD hours
- 1.25 Tax (Financial) Advice
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.
*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.
What we cover
The Tax Deductions Essentials Webinar provides you with a framework for understanding when deductions are available.
What's included?
- 1 x 1.25 hour (est.) webinar
- 3 month access to Q&A embedded webinar recording
- Reference notes
- The process for determining whether a deduction can be claimed
- How to determine whether an expense qualifies for an immediate deduction or must be claimed over a number of years
- Practical issues in determining whether a client has incurred an expense
- Applying the prepayment rules and the exceptions which can sometimes enable prepaid expenses to be deducted upfront
- How to navigate the revenue / capital distinction
- When capital expenditure can still qualify for deductions either upfront or over 5 years under the blackhole expenditure rules
- How to approach common (but difficult) problem areas such as legal expenses
- Exploring the practical issues that arise from recent changes to the rules
- The ATO's latest guidance on deductions
Our presenter
Matthew Tse
Matthew is a Tax Adviser with Knowledge Shop assisting practitioners across the country to better understand how the tax laws apply. He has a genuine interest in tax and is a firm believer of thinking through complex problems from different angles.
Matthew has worked for the ATO, a tax consulting division of a mid-tier accounting firm and as an in-house tax manager for a Big Four professional services firm.