Essential Skills: Insolvency
Tax issues
The ability to understand and effectively manage the many tax issues that arise during an insolvency administration is an essential skill for all insolvency professionals.
This course provides a working knowledge of the everyday tax issues faced by insolvency practitioners including meeting PAYG, STP and BAS reporting requirements; common GST issues; increasing adjustments when paying dividends; GST reporting when acting as Agent for the Mortgagee; income tax obligations including Capital Gains Tax; ATO garnishees and an introduction to FBT and payroll tax.
Learning objectives
At the end of this course you will be able to:
- Comply with obligations to notify the Australia Taxation Office (ATO)
- Meet Pay As You Go (PAYG) withholding and Single Touch Payroll (STP) obligations
- Manage goods and services tax (GST) reporting obligations
- Address common GST issues
- Comply with GST adjustments when paying final dividend
- Distinguish GST reporting for Agent for Mortgagees in Possession (AMIP)
- Identify obligations for post-appointment income, profit or gains
- Explain the ATO's garnishee powers
- Identify Fringe Benefits Tax (FBT) and Payroll tax obligations
Course delivery
On-demand via ARITA Learning Centre
Cost
Individuals
$150 (GST incl.) for ARITA members and subscribers / Government
$250 (GST incl.) for non-members
Licensing packages
Flexible packages are available to suit firms of all sizes. You can purchase the entire suite of courses or specific subject areas. More information
CPE
Up to 1.4 verifiable CPE hours.
Prerequisites
We recommend you complete the Introduction to Insolvency Program or have one year of on-the-job experience prior to registering for this course.
Questions?
Contact our education team.
Please see our enrolment and cancellation policy .
See our full range of on-demand courses or find out more about our Essential Skills courses.