Unit 3: Tax Compliance for Individuals - 2024

This session covers topics specific to individuals, including certain income & deductions, Medicare, spouse disclosures and more.

Includes individual tax return demo on Xero Tax.

In this unit, we cover:

• Residency of individuals - overview

• Income (based on income tax return labels)

  • Salary or wages

  • Gross interest

  • Dividends

  • Partnerships and trusts

  • Personal services income

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