Income Tax, FBT, and GST Implications of Entertainment - March 2024 (3 Hours of CPD) 1 Hour CPD

Income Tax, FBT, and GST Implications of Entertainment - March 2024 (3 Hours of CPD) 1 Hour CPDEntertainment is often a high value expenditure item for businesses. However, its tax treatment for income tax, FBT and GST is often fraught with uncertainty because of the various categories of entertainment that may persist. By the end of the session, participants will have a clear understanding of the correct treatment of entertainment expenditure and entertainment benefits for income tax, FBT and GST purposes. In this 3 hour masterclass, we will

covering off on key concepts

the administration

CGT and GST tips

Which data to use from the accounts when completing returns

Topics include:

The requirements of Australian Professional and Ethical Standard 225 – Valuation Services and applicable sections of IFRS 13

Disclosures for claiming of prior year losses and eligibility rules

pertaining to entertainment

Legal and tax characteristics of corporate entities as business vehicles

CGT improvement threshold for 2024-25

Legislation introduced

the retirement exemption doesn’t require you to be retiring