Tax Returns for Companies – Part 2 – Zero to Mini Hero 2025

This unit gives an overview of companies, including specific deductions, different corporate tax rates, imputation and more.

Includes company tax return demo on Xero Tax.

In this unit, we cover:

• Case Study Recap

• Companies 101

  • What's a company?

  • How is a company taxed?

  • Corporate tax rates & Base rate entities (BRE)

  • PAYG instalments

  • Applying prior year losses

• Selected Accounts

  • Trading Stock

  • Travelling Expenses

• Franking & Dividends

  • What is franking?

  • Franking accounts & Franking Deficit Tax (FDT)

• Division 7A Basics

  • What is Division 7A?

  • Calculating & Paying the Minimum Yearly Repayment (MYR)

• Preparing tax rec & tax return for Boards by Bart Pty Ltd