Australian taxation study manual 21st edition

We promote sustainability by developing ability in students to research and locate information within the accounting and legal disciplines. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career. These provide some guidance to references that could be used to research particular issues. This unit provides an introduction to the tax framework operating in Australia.

It looks at the regulatory environment and the impact of the conceptual framework on key areas of taxation including: income tax; goods and services tax; and fringe benefits tax.

This unit enhances the ability of students to recognise, describe and analyse taxation issues and apply concepts to problems encountered in a contemporary setting.

Learning Outcomes On successful completion of this unit, you will be able to: Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Develop a suitable set of tax management strategies for individuals and businesses at various stages; Use, present and evaluate numerical or statistical information related to taxation; Work collaboratively to solve legal problems related to taxation; and Undertake independent research on taxation issues through using electronic information retrieval systems.

Extension and penalties Students who do not submit their written responses prior to the deadline will be awarded a mark of zero for the task, except for cases in which an application for special consideration is made and approved.

On successful completion you will be able to: Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Use, present and evaluate numerical or statistical information related to taxation; Work collaboratively to solve legal problems related to taxation; and Undertake independent research on taxation issues through using electronic information retrieval systems. Due Friday, 14 December Extension: No extensions will be granted.

On successful completion you will be able to: Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Use, present and evaluate numerical or statistical information related to taxation;.

A marking rubric to the take-home assignment task will be posted on iLearn. No submission will be accepted after solutions have been posted. On successful completion you will be able to: Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Use, present and evaluate numerical or statistical information related to taxation; Undertake independent research on taxation issues through using electronic information retrieval systems.

Submission: Formal Examination Conditions Apply. Supplementary Examinations: Where a supplementary examination is granted as a result of the special consideration process, the examination will be scheduled as per the Supplementary Examination timetable of the Faculty. On successful completion you will be able to: Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Develop a suitable set of tax management strategies for individuals and businesses at various stages; Use, present and evaluate numerical or statistical information related to taxation; Undertake independent research on taxation issues through using electronic information retrieval systems.

Lectures and Tutorials The main means of presentation is by way of 6 two-hour lectures and 4 three-hour lectures and 9 tutorials of one hour duration. If a student changes classes by 7 December , it is their responsibility to inform both their old tutor and their new tutor. Failure to inform tutors about the change in class allocation may result in a student not obtaining all the class marks for which all students are eligible.

You must attend your official tutorial class. Tutors will keep attendance records and you can only attend class or sit for the class presentation in your registered tutorial. Participation: Students are expected to attend and participate in all 9 tutorial classes during the session. Failure to do so will result in 0. Students enrolled in the i-Lecture stream are expected to attend the All 9 tutorials and to participate in completing the "Assessed Coursework" components of this unit.

In cases where classes have been missed because of of illness or misadventure, it is up to the student to provide relevant documentation - such as medical certificates or other reports - explaining the reasons for their absence. The documentation must be lodged with BESS in accordance with the special consideration application procedure.

Students are expected to arrive on time and not to leave until the class ends. Students who disturb or disrupt in lectures and tutorial class will be asked to leave.

Consultations Staff teaching in the unit will be available for individual consultation with students. A timetable of when staff will be available will be posted on the unit's iLearn site. Students experiencing significant difficulties with any topic in the unit must seek assistance immediately.

You are encouraged to seek help at a time that is convenient to you from a staff member teaching on this unit during their regular consultation hours. In special circumstances, an appointment may be made outside regular consultation hours. An Estimated Breakdown of Workloads in this Unit Students are expected to spend hours working on this unit.

Any of the following books may also be of use: Sadiq Gen. Note: It is pointless having an out of date edition of the textbook. This site contains Treasury press releases and consultation documents.

This site contains relevant information including policy submissions canvassing tax reform. Taxation Institute of Australia: www. This site provides useful resources and professional development activities in tax. Good for keeping up to date on tax reforms. Contains information on proposed tax changes. Week Topic 1 Operating Framework of the Australian Tax System: Constitutional basis of taxation - relationship between the Commonwealth and the States; Sources of income tax law; Structure of the income tax legislation and how the parts fit together Tax Administration: operation and enforcement of the Act and ancillary legislation the assessment process; appeal procedures; rights and remedies of the Commissioner and taxpayer; tax agents.

Discipline Specific Knowledge and Skills Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession.

Learning outcomes Identify tax issues and be able to apply the provisions of relevant tax legislation to simulated real life situations for the purposes of giving professional advice; Develop a suitable set of tax management strategies for individuals and businesses at various stages; Use, present and evaluate numerical or statistical information related to taxation; Undertake independent research on taxation issues through using electronic information retrieval systems.

Critical, Analytical and Integrative Thinking We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world.

Simplify tax and save money with streamlined bookkeeping Small businesses are often just that small. Bookkeeping may be done by a professional outside the company, but more often falls to an employee or the business owner, who Explains core tax principles in simple terms with numerous tax tips, potential traps and practical case studies to reinforce the learning process. Straight to your inbox. Sign up to our emails and be the first to know about new releases, special offers and more.

Sign me up. I love books but please don't show me this pop-up again. Read review. Search our catalogue of over a million books. Price reflects imperfection. See all 3 brand new listings. Buy It Now. Add to cart. Sold by wattleb With over exercises, this book provides a comprehensive understanding of the legislation and key principles of taxation law. This text covers 12 key areas of taxation law and practice, and includes questions with and without suggested solutions.

Questions are graded by level of complexity and are designed to assess students' understanding of key concepts, requiring them to support their answers with reference to the relevant legislation and case law.