Taxation Law 1. Prerequisite(s) Corequisite(s) Nil Course aim To introduce students to income tax, including fringe benefits tax, and to satisfy the educational requirements of the professional accounting bodies. Course content Introduction to the income tax system; ordinary income; derivation of income; statutory income; exempt income; residence and source; introduction to capital gains tax; introduction to fringe benefits tax; general deductions; specific deductions; tax offsets; depreciation; trading stock; carrying on business; taxation treatment of partnerships, trusts, minors and companies, including dividend imputation; anti-avoidance provisions; tax planning; tax administration.
Teaching method Note: These components may or may not be scheduled in every study period. Assessment Fees EFTSL*: 0.1250Commonwealth Supported program (Band 3) To determine the fee for this course as part of a Commonwealth Supported program, go to:How to determine your Commonwealth Supported course fee. Course coordinator(s) Australian Taxation Office.
Residential rental properties. Obtaining and owning a rental property When you obtain a rental property, it's important to start keeping records straight away. To work out your tax correctly you'll need records of who owns the property (you may co-own it with other people), the date and costs of buying it, and the ongoing rental income and expenses. Income you must declare You must include your rental-related income in your annual income tax return. If you lease residential accommodation, you are not liable for GST on the rent you charge Expenses you can claim You can claim tax deductions for many of the expenses associated with the property. When you have work done to your property, take note of whether the work is a repair or an improvement. Selling a rental property You may make a capital gain or capital loss when you sell (or otherwise cease to own) a rental property.
Holiday apartments in commercial residential properties. Taxation Law 2. Prerequisite(s) Corequisite(s) Nil Course aim To add depth to certain topics introduced in Taxation Law 1 and to introduce other tax topics to broaden students’ understanding of taxation. The course is particularly relevant to students intending to enter professional practice and to those who will need a broader understanding of tax systems in other fields of employment such as commerce, industry or certain government agencies. Course content Tax policy issues; capital gains tax; fringe benefits tax; goods and services tax; stamp duties; pay-roll tax. Teaching method Note: These components may or may not be scheduled in every study period. Assessment Fees EFTSL*: 0.1250Commonwealth Supported program (Band 3) To determine the fee for this course as part of a Commonwealth Supported program, go to:How to determine your Commonwealth Supported course fee.
Non-award enrolment Non-award tuition fees are set by the Division offering the course. . * Equivalent Full Time Study Load. Course coordinator(s) Small Business Accounting. Prerequisite(s) 36 units including the course above. Corequisite(s) Nil Course aim This course provides the opportunity to understand the application of accounting systems, techniques and professional accountancy practice to the needs of small business. Course content Objectives and resultant accounting needs of small business; the role played by accounting and accountants in small business; organisational structures; recording systems; managerial reporting and financial decision making; meeting compliance needs; taxation planning and assessment; payroll and other cost management; debtor management; applying for credit; current issues; ethical considerations; risk management.
Teaching method Note: These components may or may not be scheduled in every study period. Assessment Fees EFTSL*: 0.1250Commonwealth Supported program (Band 3) To determine the fee for this course as part of a Commonwealth Supported program, go to:How to determine your Commonwealth Supported course fee. Bachelor of Commerce. Commerce at UniSA allows students to specialise in the accounting profession; accounting is the language of business. The program provides strong links with the accounting profession and its professional industry bodies. This keeps the degree fresh, relevant, recognised and respected. These links prepare students for a vibrant, challenging career path, both locally and globally. UniSA Commerce students benefit from career mentoring. They are paired with experienced and successful business partners to develop career management skills and build valuable insights into business and the accounting profession. Commerce graduates are decision makers and problem solvers.
They work with their clients to assist them with making successful financial and management decisions. This degree is designed to enable students to fulfil the role of an accountant and or business advisor in commerce, government or public practice.