Elective – Taxation of Bodies Corporate (1 Hour)

Licence Class: Class 1 & Class 2
CPD Allocation: 1 Hours
CPD Category: Elective
CPD Learning Area: Trust Accounting Principles & Audit Requirements

Method of Delivery: This is a Webinar (On-Demand), available to be watched and the assessment completed at your convenience, on the SCA e-Learning Platform any time before the end of the CPD Year (23 March 2021 – 22 March 2022).

Course Format:

• Recorded Webinar
• Online Assessment

Presenter:

• Peter Dawkins, BCOM, CA, RCA, FTIA, JP, Senior Client Director – Strata, Kelly + Partners

Topic Overview

Income Tax and Bodies Corporate

• • Taxation rate applying to bodies corporate
  • Principle of Mutuality
  • Income tax decision tree
  • Income tax calculation and Apportionment Rule
  • Income tax return requirements

Bodies Corporate and GST

• • What is GST
  • How and Why Does GST apply to bodies corporate
  • GST Thresholds
  • GST decision tree
  • Tax invoices
  • GST deregistration
  • Business Activity Statements

Other Matters

• • Australian Business Number
  • BAS and Tax requirements

Learning Outcomes 

Participants will gain an understanding of the best practice around Income Tax: taxation of bodies corporate and rules, Principal of mutuality, Apportionment Rule and GST.

Assessment Delivery and Certificates 

Assessments are multiple-choice. Access to assessments is provided to students on the SCA e-Learning Platform.

Upon successful completion of assessments, students will receive their Certificates via email, and can download them from the SCA e-Learning Platform at their convenience.

Education Terms and Conditions can be found in our Education Handbook.