Small Business Income Tax; Business Structures; Tax planning and minimization strategies
What you will learn
Understand the fundamentals of business taxation, including the various types of taxes applicable to businesses in Australia.
Develop the ability to implement tax planning strategies and optimize tax efficiency for businesses.
Master the compliance and reporting requirements for businesses, including record-keeping for tax purposes.
Understand how to choose and apply tax-efficient business structures for different types of enterprises
Why take this course?
Running a small business in Australia comes with unique challenges, and one of the most important aspects is understanding and managing your tax obligations. This course, “Fundamentals of Australian Small Business Income Tax,” is designed to equip small business owners, entrepreneurs, and aspiring tax professionals with essential knowledge on how to navigate the complex Australian tax system.
In this course, you’ll explore the key tax requirements for small businesses, including how to determine your assessable income, identify eligible deductions, and apply for small business tax concessions. You’ll gain a clear understanding of the different business structures—such as sole traders, partnerships, companies, and trusts—and how they impact your tax obligations.
‘;
}});
The course covers the Instant Asset Write-Off, simplified depreciation rules, and GST registration and reporting, helping you ensure compliance with Australian Tax Office (ATO) guidelines. You’ll also dive into the details of superannuation, payroll tax, and Fringe Benefits Tax (FBT) specific to small businesses.
We will provide practical insights on how to reduce your tax liability legally through effective tax planning, making this course invaluable for anyone looking to optimize their business finances while staying compliant with tax laws. By the end, you’ll have a strong foundation to confidently handle your small business tax matters and avoid costly mistakes.
