Lodging your business activity statement (BAS) doesn’t need to be difficult, but if you don’t have skills and knowledge to lodge correctly in can be time-consuming and costly. So, if you’re self-employed and are required to lodge a BAS for your business, this online course will help you do it right to avoid unnecessary penalties.
The Introduction to Business Activity Statements – BAS is an online professional program that will provide you with the skills and knowledge required to process business taxation requirements related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements.
On completion of this introductory course, you will discover legislative and regulatory requirements, learn how to recognise and apply GST implications and confidently compile and reconcile activity statements.
Note: To provide BAS services in Australia, agents must be registered with the Tax Practitioner’s Board.
Course Structure
Unit - Carry out business activity and instalment activity statement tasks
- Legislative, regulatory, industry and organisational requirements
- Tax obligations
- Australian Taxation Office (ATO)
- The cash system
- The accrual system
- The rules
- Rulings
- Managing more than one business under an ABN umbrella
- Company tax
- The AUASB
- Property register
- Income tax legislation
- The use of IT software and equipment
- Organisational and industry requirements
- National Tax Practitioners board requirements
- Code of professional conduct
- Conduct of personal affairs
- Account for money or other property
- Conflict of interest
- Confidentiality
- Maintain knowledge and skills
- Ascertaining a client’s state of affairs
- Ensuring tax laws applied correctly
- Taxation laws
- Advising clients rights and obligations under taxation laws
- Investigations / Outcomes
- Administrative sanctions
- Civil penalties
- Change of circumstances
- Law and Ethics
- BAS agent services
- Tax agents
- Specialist financial services
- Accessing information
- Networking
- Lodgement schedules
- Payment advice
- BAS concessions
- Annual GST reports
- Superannuation levy
- Unreported transactions
- Penalties and payment options
- Industry code of conduct
- Governing bodies
- Corporations legislation
- Financial Services Reform ACT (FRSA)
- Equal employment opportunities
- Affirmation action legislation
- Privacy legislation
- Consumer credit code
- Health and safety legislation
- Record keeping
- Whistle blower legislation
- All legislative requirements
- Code of Banking Practice
- Code of conduct
- Policy and procedure
- Integrity
- GST principles
- Adjustments
- Calculating GST
- Tax invoice requirements
- Registered for GST
- Registered for ABN
- Not registered for GST
- Entering cash transactions
- Processing accounting data
- Reconciliations
- Calculating and reconciling total salaries
- Calculating pay as you go instalments
- Amounts withheld
- PAYG systems instalments and records
- PAYG tax withheld
- Calculating WET and GST
- Fringe benefits tax (FBT)
- FBT liability
Assessment
Assessment Information
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- No entry requirements;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support;
- Easy to understand course content;
- Twelve (12) months’ access, with extensions available upon application (fees apply);
- Certificate of Attainment/Completion issued for your CV (hard copy provided); and
- Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 15 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit. Total cost for optional printed materials is: $50.00. Printed materials are available for purchase at any time and not require to complete this course. Everything you need to complete the course is provided online via our e-learning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Professional Development for:-
- Tax Accountant
- Bookkeeper
- Accountant
- BAS Agent
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