Tax Returns for Companies - Part 1 - Zero to Mini Hero 2026

Learn more about companies, including corporate tax rates, specific deductions, imputation and more!

Includes company tax return demo on Xero Tax.

In this session, we cover:

• Case Study Recap

• Companies 101

  • What's a company?

  • Advantages and disadvantages of a company

  • Key roles in a company

  • How is a company taxed?

  • Corporate tax rates & Base rate entities (BRE)

  • Applying prior year losses

• Selected Accounts

  • Trading Stock

  • Travelling Expenses

• Division 7A Basics

  • What is Division 7A?

  • Who is an ‘associate’?

  • What is the 'distributable surplus’?

  • Calculating & Paying the Minimum Yearly

  • Repayment (MYR)