Tax Essentials Series - Allowable Deductions - Recording

New for 2009 - the Tax Essentials Series will provide you with an intensive update and refresher in the core areas of tax in Australia.

Each session will explore the key issues and themes in that area of tax that will give you the complete picture.

Allowable Deductions

• Understand how deductions are relevant to the calculation of taxable income


• Differentiate between the two positive limbs and four negative limbs of s8-1


• Identify the differences between general and specific deductions


• Explain when a deduction has been ‘incurred’


• Identify the timing rules that apply to the tax deductibility of certain prepaid expenditure.

Who should attend?

Attend if you are:

• New to tax


• Returning to work after a break


• Want a refresher in this area of tax

What do I get?
Each session comes with a comprehensive paper and powerpoint for you to review before the session and get together the questions you need to ask.

Other topics in the series include:

• Assessable Income


• Companies and Shareholders


• Capital Allowances


• Tax Offsets & Credits