Effective Strategies To Maximise Allowable Deductions - February 2022 (3 Hours of CPD)

The extent of your client's taxable income outcome is largely dependent on the amount of their deductions.

Often as their tax agent, it's up to you to ensure that they are achieving their maximum allowable deductions. But there's a lot that you need to take into account, from expenses to eligibility to prohibitions and more.

We really need to understand these taxation aspects so as to avoid any potentially massive implications if done incorrectly.

This three-part masterclass will examine the available allowable deductions for an array of taxpayers, particularly pertaining to:

• The scope and effect of the general deduction section on work-related expenses.
• Application of the general deduction Section Two - Business Expenses.
• Requirements for effectively utilising specific deductions available under Australian taxation law.
• Understanding the specific prohibitions against deductibility are certain, particular types of expenses.
• Special calculation methods that can be applied and are relevant to specific types of deductions.
• Substantiation requirements for claiming allowable deductions.
• The interaction of claiming allowable deductions and its interaction with being able to carry forward tax losses.
• And much more

What's Included?

• 90 Days of Recording Access (Unlimited Views) 
• Instant access to the recording and slides
• 3 hours of CPD + Certificate
  
• Included Q&A session