MODULE 1
Introduction to the course and income basics: This covers identifying what counts as assessable income to PAYG summaries, government payments, residency and calculating taxable income rates.
MODULE 2
Work related deductions: This Module delves into what counts as a deduction, plus typical expenses and donations. Interest and dividend income and expenses are also examined.
MODULE 3
Medicare: A look at the difference between a deduction and a tax offset, the seniors and pensioners tax offset and all aspects of the Medicare levy, including exemptions and surcharges. Includes references to foreign residency and how this can affect Medicare levy and tax offsets.
MODULE 4
Depreciating assets: This Module examines depreciation in various forms and variations, as well as uniform capital allowances and low value pooling.
MODULE 5
Motor vehicle and travel deductions: A deep dive into all motor vehicle-related expenses, including relevant travel expenses, award transport payments and other valid travel expenses.
MODULE 6
Self education and tax offsets: From HECS to HELP and self-education, this Module looks at the benefits, deductions and expenses connected to self-education. This Module also looks at a variety of tax offsets that can be claimed by some individuals.
MODULE 7
Other income streams: This Module starts with Employment Termination Payments and moves into various superannuation payments, including lump sum payments, bonuses and alternative income.
MODULE 8
Rental properties: A wide-ranging look at aspects of tax relating to rental properties, including income, deductions, expenses and negative gearing.
MODULE 9
Capital gains: This Module introduces Capital Gains Tax and then examines it in detail, including understanding what an asset is to indexation and offsets.
MODULE 10
Foreign income and trust income: Foreign income, assets, pensions – and what to do about them under Australian tax law – are covered in this Module. Then a closer look at declaring trust income earned from a managed investment.
MODULE 11
Personal services and business income: The final Module takes a close look at personal services income and small business income and related taxation requirements.