$190.91 +GST
This event is recommended for all public practitioners.
This session will examine how the tax law and accounting principles interact, including when:
This event will be presented live 03/12/2025.
This training provides 1.5 CPD hours. The Legislated CPD Hours breakdown for financial advisers is as follows:
Accounting serves many purposes whereas the purpose of the tax law is to compulsorily exact money from citizens. Because of its purpose, the tax law has to be prescriptive and therefore clear and precise. Many tax concepts, e.g. ordinary income, derive, income of the trust estate and goodwill, depend on the ordinary meaning of the term and therefore import the business and commercial meaning given to such terms. Moreover, since tax is imposed on business and commercial transactions, its content will be informed by concepts relating to business and commerce — these are the concepts in accounting standards and generally accepted accounting principles.
This webinar will be presented by one of TaxBanter’s experienced tax trainers.