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Introduction to Business Activity Statements – BAS

$299.00

Course Outline and Topics

Course Overview

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.

Course Structure

Unit - Carry out business activity and instalment activity statement tasks

  • Compliance requirements
  • Tax obligations
  • Australian Taxation Office (ATO)
  • The cash system
  • The accrual system
  • GST rulings
  • Australian business number (ABN)
  • The AUASB
  • Property register
  • E-tax
  • National tax practitioners board
  • Code of professional conduct
  • Confidentiality
  • Taxation laws
  • Suspension of registration
  • Administrative sanctions
  • Civil penalties
  • Networking
  • Document lodgment schedule
  • Tax returns
  • Tax penalties
  • Superannuation Levy
  • Cash flow and payment options
  • GST implications
  • Code transactions
  • Apply and record GST principles
  • Types of supplies
  • Apportionment
  • Adjustment
  • Tax invoice requirements
  • Coding purchases and or payments
  • BAS
  • Coding sales and or receipts
  • Determining the GST turnover
  • Accounting data
  • Entering cash transactions
  • Recipient created tax invoice
  • Payroll activities
  • Reconcile total salaries wages
  • Reconcile other payments
  • Reconcile amounts withheld from salaries and wages
  • The PAYG system
  • PAYG records
  • Amounts withheld (No ABN)
  • Wine equalisation tax (WET)
  • Fringe benefits tax (FBT)
  • FBT liability
  • Calculate PAYG and instalments
  • Lodge activity statement
  • Check activity statement
  • Sign off
  • Process and records payments and refunds
  • Reconciling GST liability

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: C00312 Category:

Career Pathways

Future growth

Strong

Unemployment

Low

Professional Development for:-

  • Tax Accountant
  • Bookkeeper
  • Accountant
  • BAS Agent
 
ENROL TODAY
  • Includes unlimited access
  • Full up-front payment only
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$299.00