Tax 101 Series - Tax Accounting: Ascertainment of Income and Managing Taxpayers’ Expectations

Description

“Come on! Since day one, the company is not making money; why am I still required to pay tax every year!” A frequent grievance by the business owner to their tax agent.

You are managing taxpayers’ expectations. This session provides a broad overview of the various tax accounting methodologies, including different accounting and financial reporting methods to reflect the proper assessable income. This program, a mix of practical experience and academic knowledge.

Our Tax 101 series is aimed at tax and non-tax trained junior executives or anyone who has an interest in understanding the Singapore Tax system. This session is a mix of practical experience and academic knowledge.

Programme Outline

  • Singapore tax system
  • Basic tax accounting terms and YA (Year of assessment)
  • Accounting date and accounting/financial year
  • Determining when income has accrued and allocation of profits to accounting periods
  • Exploratory case study - ABD Pte Ltd v Comptroller of Income Tax [2010] SGHC 107 (2009)
  • Q&A

What you will learn

By the end of the session, attendees will distinguish the difference between a tax and an accounting profit and the taxability of trade/non-trade income on an accounting year basis.

Target Audience

An introductory level program intended for tax accountants, business accountants, auditors, and non-finance executives with little or no tax knowledge.

Expert Speaker

Kevin Matthaios Lee

Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA.

Register for this session on its own or register as part of the 5 webinar bundle or 10 webinar bundle and save up to 58%

The webinar is on 6 April 2021.

  • Apr 06
    Tue, 1:00 PM SGT - Tue, 2:30 PM SGT Online
    • $128.40 incl. GST (7%)
    • PD hours: 1.5

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.