AVAILABLE CFE COURSES

ATO

ATO – Essentials to strengthen your small business

Essentials to strengthen your small business – Course descriptions

Course Name	Description
Capital gains tax (CGT) 70 CFE Points	If you sell or dispose of assets, you may have to pay capital gains tax (CGT). This course will explain how to work out CGT. It outlines the different exemptions, concessions and rollovers you may be able to use to disregard, defer or reduce your capital gains.
Car fringe benefits tax 30 CFE Points	If your employee uses a business car for private use, you may be providing a car fringe benefit. This course will explain your obligations, how to calculate your FBT amount and how to reduce your obligation. (Salary packaged cars and fleet car situations are not covered in this course.)
Cash flow for small business success 15 CFE Points	Cash flow management is critical to the success of any business. In this course you will learn critical cash flow management skills to work out your cash flow position, analyse your cash flow, test potential cash flow improvement strategies and to track and monitor your business cash flow.
Claiming deductions for your home-based business 30 CFE Points	Running your small business from your home may cost you more in expenses such as electricity, gas, phone, furniture, and cars. Find out what expenses you can claim for tax deductions and how to calculate the amounts you can claim.
Claiming small business tax deductions 30 CFE Points	Small business can claim tax deductions for most business expenses. This course covers expenses you can deduct immediately, expenses you can deduct over time and expenses you can never deduct. Motor vehicle deductions are also covered in this course.
Closing your small business 30 CFE Points	If you have decided to close your business, this course is for you. The closing process can take time depending on your business size and complexity. This course explains the tasks to complete to ensure you’ve met your tax and super obligations.
Concessions 15 CFE Points	Are you running a small business? Did you know small business concessions are available? This course will help you understand the concessions that may be available to your small business and the eligibility requirements.
Considering your small business viability 30 CFE Points	Are you at a business crossroads? Unsure whether you should continue in business? Learn how to use the Business viability assessment tool. It provides information about your business viability to help you and your professional advisors in your decision-making.
Depreciation 70 CFE Points	You may be able to claim depreciation for the decline in value of assets you own over time. This course covers what assets you can claim depreciation for and outlines the rules you may be able to use when claiming depreciation. It also looks at tools that help to calculate depreciation.
eInvoicing made easy 15 CFE Points	Creating, sending, receiving and approving invoices can be complex and time consuming. eInvoicing is the easier, faster, and safer way to do your invoicing. You can exchange your eInvoices business-to-business (B2B) and business-to-government (B2G).
Expense payments fringe benefits tax 15 CFE Points	Do you pay for or reimburse your employees for their expenses such as school fees, gym memberships, home office equipment or telephone and internet costs? If you do, you may have Fringe benefits tax (FBT) obligations.
Fringe benefits tax: exempt minor benefits 30 CFE Points	If you provide employees with benefits, some of these may be exempt from fringe benefits tax (FBT) if they’re exempt minor benefits. Learn what exempt minor benefits are and the steps to work out if benefits provided to employees are exempt from FBT.
Fuel tax credits 70 CFE Points	You may be able to claim credits (that is, get money back) for fuel you use in your small business. Find out if the fuel and business activities you undertake are eligible for fuel tax credits. Learn how to calculate and claim fuel tax credits.
Goods and services tax (GST) 55 CFE Points	What is the goods and services tax (GST)? Do you need to register? This course outlines who must register for GST, how to calculate GST on sales and purchases, as well as other requirements such as invoicing, record-keeping, and reporting GST to the ATO.
Growing your small business 15 CFE Points	Is your business growing? Do you know what to do next? This course will help you plan to grow your business successfully and profitably. It considers business growth options, as well as considerations before making business decisions.
Hiring workers 15 CFE Points	If you are thinking about hiring employees for your business, you can learn what to consider before hiring employees and your obligations as an employer. This does not cover how to pay your employees.
Introduction to ride-sourcing 15 CFE Points	Do you provide ride-sourcing services through a platform like Uber, or are you thinking of doing this? This course will help you identify if you are providing ride-sourcing services and set you up for business success. It covers GST registration requirements, how to manage ride-sourcing income and expenses, tax planning and what records to keep.
Losses 30 CFE Points	If you have a tax loss, you need to understand how you may be able to claim it and the rules surrounding this. This course discusses the non-commercial loss rules that may apply to individuals or partners in a partnership, as well as tax loss rules for trusts and companies.
Paying workers 30 CFE Points	Start this course to learn about how to set up systems and pay your employees. You’ll learn about your payment obligations to your employees and your reporting obligations to the ATO. This course does not cover your obligations when hiring employees.
Personal services income 135 CFE Points	Personal services income (PSI) is income produced mainly from your skills or efforts as an individual. When the PSI rules apply to your income, they affect how you report that PSI and the deductions you can claim. Find out if you are receiving PSI and if the PSI rules apply to you.
Record keeping 70 CFE Points	Did you know that successful businesses keep good records and use technology to run their business? Good record keeping helps you know the state of your business at any time which helps you manage your business successfully. You’re also legally required to keep records of all transactions relating to your tax and super affairs while you’re running a business.
Recording business income and expenses 15 CFE Points	Keeping accurate business income and expense records and recording these correctly in your tax return saves you time and money. Learn how to set up a system that accurately records income and expenses and allows you to easily transfer these to your tax return at tax time.
Records reconstruction 15 CFE Points	During the lifetime of your business you may find yourself in a position where your business records have been lost or destroyed as a result of natural disasters, a personal disaster, or other circumstances. The ATO will help you reconstruct your tax records.
Reporting payments made to contractors 70 CFE Points	This course outlines when payments you make to contractors need to be reported to the ATO on a taxable payment annual report (TPAR). You will learn how the taxable payment reporting system works, when you are required to report, methods of lodging, and record keeping requirements.
Ride-sourcing: Income, expenses and GST 30 CFE Points	Do you provide ride-sourcing services for a fare, working through a platform such as Didi, Shebah or Uber? Do you need more information to help you gather the figures from your platform statements, work out your ride-sourcing deductions, calculate your GST and know where to put all that information in your business activity statement? Through this course you will learn to keep track of your ride-sourcing records, work out your income, deductions and GST and complete your business activity statement.
Running a self-managed super fund (SMSF) 85 CFE Points	A self-managed super fund (SMSF) is a trust run for the sole purpose of providing retirement benefits to its members or their beneficiaries if a member dies before retirement. As a trustee you must manage your SMSF honestly and with skills and diligence. When running an SMSF there are several activities trustees must undertake to manage the fund effectively.
Setting up a self-managed super fund (SMSF) 30 CFE Points	A self-managed super fund (SMSF) can be attractive for people who seek control over their retirement investment. However, managing an SMSF is a major responsibility and when you set up an SMSF, you’re in charge. Avoid the potential financial impacts of getting it wrong.
Setting up your small business 30 CFE Points	There are several common factors shared by successful small businesses. Set your business up for success using digital options that are appropriate to your business needs, gain an awareness of action in your business that trigger tax obligations, keep accurate business records, and know where to seek professional help.
Starting a small business 70 CFE Points	Are you thinking of starting a small business? Maybe you have a hobby that’s becoming a business? This course will help you understand the difference between a hobby and a business, the most common business structures and the registrations you may need to run a small business.
Strategies for improving your cash flow 15 CFE Points	Cash flow management is critical to the success of any business, but it’s not always easy to find ways to improve your cash flow. Examine your business for potential improvements using your financial records and the digital business performance check tool. Explore seven key strategies that may improve the cash flow of your business.
Super guarantee employer obligations 70 CFE Points	As an employer it’s important to understand your super guarantee responsibilities. Knowing which of your employees are eligible for super guarantee, and how to calculate, lodge and pay it will help you avoid costly penalties.
Using your business money and assets 30 CFE Points	There are several options on how to pay yourself if your business is a company or trust. It’s important to understand the options and their different rules and record requirements so you can be sure you’re paying yourself correctly.
Winding up a self-managed super fund (SMSF) 30 CFE Points	Closing a self-managed super fund (SMSF) can be complex and it’s important to get it right to avoid costly mistakes. Learn about the obligations you must meet when winding up an SMSF so you avoid penalties.