Unit 2: Taxation of Companies - 2024

Part 2 of this program dives into company-specific tax issues including income, deductions, applying losses and a summary tax rec.

In this unit, we cover:

• Company tax reconciliation

• Income & Deductions

  • Assessable income (briefly)

  • General deductions (briefly)

  • Specific deductions

    • Bad debts for companies

    • Blackhole expenditure

• Company losses

  • Overview and restrictions

  • Continuity of Ownership Test (COT)

  • Business Continuity Test (BCT)

  • Conditions for deducting losses

  • Loss carry-back tax offset

• PAYG instalments

Date recorded: 9 October 2024