Tax concessions for small businesses in australia

Reference no: EM132996136 , Length: word count:2000

MA613 Taxation Law - Melbourne Institute of Technology

Assessment - Tax Concessions for Small Businesses in Australia

Learning Outcome 1: Appreciate and understand the factors influencing the creation and interpretation of income tax legislation and their relationship to accounting concepts and practice.
Learning Outcome 2: Explain and discuss income tax law in Australia and more particularly the taxation of capital gains, fringe benefits tax, goods and services tax and small business tax concessions.
Learning Outcome 3: Explain and demonstrate how to calculate the taxable income for different types of taxable entities.
Learning Outcome 4: Apply technical knowledge and analytical skills to evaluate and solve tax problems.
Learning Outcome 5: Communicate knowledge of the importance of income tax law within the practice of accounting to specialist and non-specialist audiences.

Tax Concessions for Small Businesses in Australia

The taxation law has provided various special treatments to small businesses in order to relief their tax burdens. For example, tax rates for small resident businesses and CGT relief (Division 152 of ITAA97, textbook p. 327). You are required to explain all the tax concessions that you may possibly identify for small businesses in Australia. Please demonstrate your arguments by an example.

Your group essay MUST identify the relevant legislation, cases and tax rulings.

Attachment:- Taxation Law.rar

Reference no: EM132996136

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