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Company Tax Fundamentals Program - 2026

•7 hours Total CPD

Strengthen your understanding of companies through this 6-part program, designed for junior to intermediate accountants. This program focuses on private companies.

Featuring a practical case study with examples throughout, it covers both the legal and tax nature of companies, building a solid foundation to confidently manage compliance and advisory work in practice.

In this program, we cover:

Introduction to Companies
- Legal nature of companies
  - Company constitutions & other documents
  - Key parties and roles in a company
- Why choose to use a company (or not)?
Taxation of Companies: Core Principles, Residency & Corporate Tax Rates
- Tax nature of companies
  - Tax residency of companies
  - Small business entity (SBE)
  - Base rate entity (BRE)
  - Corporate tax rate vs Corporate tax rate for imputation
- Tax residency of companies
Taxation of Companies: Income, Deductions & Tax Reconciliations
- Company tax reconciliation
- Income & Deductions
  - Assessable income
  - General deductions
  - Specific deductions
Taxation of Companies: Loss Tests & PAYG Obligations
- Company losses
  - Continuity of Ownership Test (COT)
  - Business Continuity Test (BCT)
  - Conditions for deducting losses
- PAYG instalments
Dividends & Imputation: Franking Credits & Integrity Provisions
- What are dividends?
- Share capital tainting
- Franking and imputation system
  - Entitlement to tax offsets
  - Types of distributions
  - Franking credits
  - Distribution statements
  - Benchmark, Anti-streaming and Disclosure rules
- Franking account transactions
- Franking deficit tax (FDT) and overfranking
Advanced Elements of Company Taxation
- Debt/Equity Rules
- R&D Tax Incentives
- Early Stage Investor Incentives for Innovation Companies (ESIC)
- Tax Consolidations
  - Single entity rule
  - Transferring and using losses
  - Franking accounts and credits
  - Tax sharing agreements
- Winding Up a Company