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IQ Graduate | Company Basics (+loss carry back)

Graduate IQ-8. The fundamentals of working with company clients.

An essential graduate module that walks through the fundamentals of how companies work and how to work with company clients.

Includes the Loss Carry Back rules.

This module is available as part of the Accounting Graduate IQ Program.

1.5 CPD Hours (Tax) including Q&As

Accreditation 022407
Total 1.5 CPD Hours

What we cover

How long do I have to complete the course

With practical examples and embedded Q&As, we explore:

Company fundamentals and concepts
How are companies taxed and at what rate?
- Base rate entities
- Base rate entity passive income
- Non-portfolio dividends
Trust and partnership distributions
Paying dividends
- Shareholders receiving franked dividends
The imputation (franking) rules
- The franking account
- Franking deficit tax offset
- Allocating franking credits to a dividend
Company losses
- Continuity of ownership test
Business continuity test
- Same and similar business test
Loans, payments and debts forgiven to shareholders and associates – Introduction to Division 7A
The loss carry back rules

Each course will remain accessible to you (the registered person) until you access it for the first time. Once accessed (when you click on ‘go to course’) you have 3 months to complete it.

Karen Vella

Tax Training Team Leader, TaxBanter

Karen has over 25 years experience in the tax profession, first as a practitioner and more recently as an educator. She trained with the Big Four and initiated her own successful small practice before moving to Hayes Knight as a Partner.

Prior to joining TaxBanter, she spent many years as a trainer and technical writer for Webb Martin Training, and then most recently TaxBytes. She is also a regular presenter and consultant for Knowledge Shop.

Karen loves to talk tax. She has provided tax training to clients ranging from the Australian Taxation Office to accounting firms, both large and small. Her specialty is translating complex content into something meaningful, engaging and practical for her clients, no matter their level of experience.