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Certificate of Australian Taxation

$599.00$899.00

Course Outline and Topics

Course Overview

The Certificate of Australian Taxation is an online professional development program that will provide you with the skills and knowledge required to maintain taxation accounting records and process lodgements and returns.

Throughout this online taxation course, you will learn how to prepare non-complex income tax returns for individuals in accordance with statutory requirements. You will also gain knowledge on how to gather and verify data, calculate taxable income and review compliance.

On completion of this course, you will feel confident to process business tax requirements and prepare non-complex income tax returns for individuals. Note: to provide tax practitioner services in Australia, tax agents must be registered with the Tax Practitioner’s Board.

Course Structure

Unit 1 - Develop knowledge of taxation

  • Taxation in Australia
  • Local, state and federal levels
  • Taxation revenue
  • Collecting tax
  • Types of tax
  • State and territory taxes
  • Australian taxation office (ATO)
  • What taxation revenue is used for
  • Personal tax
  • Key tax terminology
  • Tax declaration forms
  • Tax file number (TFN)
  • Personal tax rates
  • Calculating tax
  • Tax information
  • Business tax
  • Sole trader
  • Partnerships
  • Companies
  • Trusts
  • Business activity statement (BAS)
  • Business taxes
  • Superannuation contributions
  • Tax liability
  • Taxation offsets
  • PAYG instalments
  • Lodging a tax return
  • Paying state taxes
  • Tax concessions
  • Tax overpayment
  • Non-payment of tax

Unit 2 - Process business tax requirements

  • Taxation accounting system
  • The accrual system
  • GST treatment
  • The rules
  • Debit and credit
  • Maintain adequate records
  • Tax invoices
  • Recipient created tax invoice (RCTI)
  • Claiming a GST credit
  • Reconciliations
  • Non-cash transactions
  • Australian standard – record management
  • Taxation requirements
  • Property register
  • Business tax returns
  • Taxation lodgement process
  • Cash transactions
  • Transaction entry
  • BAS
  • Payment advice
  • Lodgement schedule requirements
  • Activity requirements
  • Transactions not reported
  • Company tax returns
  • PAYG with holding annual reports
  • Superannuation levy
  • State taxes
  • Business tax returns and lodgements
  • Business BAS
  • PAYG tax withheld
  • IAS
  • Processing accounting data
  • Corporate credit card statements
  • Adjustments
  • Input taxed events
  • Draft returns and lodgements
  • NAT number

Unit 3 - Prepare tax documentation for individuals

  • Verify data
  • Client taxation preparation
  • Assessable income
  • Types of deductions
  • Donations
  • Market value
  • Estimate value of asset
  • Gross margins
  • Retail inventory method
  • Calculating depreciation
  • Diminishing value method
  • Prime cost method
  • Discrepancies or queries
  • Accrual and cash accounting
  • Expense recognition
  • Prepaid income / expense
  • Compliance requirements
  • Calculating taxable income
  • Tax liabilities
  • PAYG installments
  • Tax tables
  • Medicare levy surcharge (MLS)
  • Health insurance rebate
  • Tax offsets
  • Capital gains tax
  • Small business CGT concessions
  • Personal CGT concessions
  • Adequacy of financial records
  • Benefits and allowances
  • Superannuation co-contributions
  • Family tax benefit Part A
  • Foster care
  • Paid parental leave scheme
  • Temporary residents
  • Due dates for lodgement
  • Financial documents / records
  • Incorrect payment summaries
  • Integrity
  • Privacy legislation
  • Review compliance
  • Returns submitted by due date
  • Tax returns
  • Payment advice
  • Activity statements
  • Providing relevant information to ATO
  • Financial statements
  • Equity changes
  • Asset usage reports
  • Inventory usage reports
  • Tax Practitioners Board (TPB)
  • Tax agent services
  • Professional conduct
  • ATO reviews / audits
  • ATO expectations
  • Audit conduct

Assessment

Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.

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Payment Information

Certificate Course

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Benefits

  • Recognised by employers as professional development;
  • Improve your employment opportunities;
  • Study online, anywhere via our elearning system;
  • Access to high-quality courses written by industry experts;
  • All course materials provided online – no textbooks to buy;
  • Unlimited tutor support;
  • Easy to understand course content;
  • Unlimited enrolment with no expiry;
  • Certificate of Attainment issued for your CV (hard copy provided); and
  • Course may be tax deductible; see your tax advisor.
SKU: C10003 Category:

Career Pathways

Future growth

Very Strong

Unemployment

Low

  • Tax Accountant Assistant
  • Assistant Accountant Role
  • Financial Accounting Assistant
 
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$599.00

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  • $30/week
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$899.00