Sometimes we just need a place to start. Or to remind ourselves how little we know. This session takes a complete look at Income Tax at a beginner level to provide an overview of the key aspects that every tax practitioner and all their support staff needs to know.
After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:
• Understanding which items need to be included in a tax return, be it income or deduction.
• Having a basic understanding of CGT
• Calculating tax liability
• Understanding the difference between provisional tax and income tax
The course is designed to provide an overview of Income Tax and how it impacts the various categories of taxpayers. This course will cover:
• What is gross income and what other items must be included?
• What exemptions are available?
• Deductions and allowances available in the Act for the standard manufacturing or retail taxpayer.
• What is CGT and how does it work?
• How do I do a tax calculation?
• Does it matter what the nature of the taxpayer is?
• How is the income tax collected?
This course would be useful for all persons who provide tax advice for any clients. It would also be useful for any persons who prepare the tax compliance of their businesses or their clients. Any delegate that is looking to get a refresher on the above topics would also be welcome.
