Course Details Essential Business Skills |
Essential Business Skills Training Course Contents
Course Contents
Business Structure
Business Structure
- Benefits of selecting the most tax-effective business structure for your business (Sole trader, partnership and company)
Wealth Creation
- Creating wealth using rental property negative gearing to offset your business income
Employing staff or using ABN Contracts
- Benefits of employing staff versus using ABN contracts to minimise your business expenses
Utilizing Business Tax Concessions
- Instant asset write-off for purchase of capital assets
- Increased small business income tax offset
- Tax rate cut for small businesses
- Accelerated depreciation deductions for primary producers
- Deductions for professional expenses for start-ups
- Small business restructure rollover
- Simplified trading stock rules
- Immediate deductions for prepaid expenses
- Two-year amendment period
- Self-superannuation contribution deductions for small business owners
- Tax deduction for using private car for business purposes
- Selecting effective method to maximise your business income tax refund
- Accommodation and travel expense deductions for small business owners