Our Tax Accountant Program covers 6 modules and will provide you with strong foundational knowledge on tax returns for individuals, companies, partnerships and Trusts.

NOTE: The training for this course is conducted by a Registered Tax Agent and CPA Public Practice. It is not conducted by a Registered Training Organisation.

Timeframe:

  • Approximately 2 months part time

Software:

  • Software Assistant including General Ledger and Excel

Relevant in applying for the following roles:

  • Tax Accountant

Module 1 Tax Entities & Planning

1. General info regarding tax entities and structures

  • Individual tax return calculation
  • Partnership tax return calculation
  • Company tax return calculation
  • Trust tax return calculation
  • Self-Managed Superannuation Fund

2. Tax planning and tax advice

Module 2 Individual Tax Return & Case Study

1. Detailed info regarding individual tax return  calculation and lodgement

2. Go through labels on Individual Tax Return Forms – 2015, i.e. income, deduction, offset, Medicare etc.

3. Individual Tax Return Case Study on Tax Assistant

4. Employee with group certificate & work related deductions

5. Sole trader with business income & expenses

6. Individual with rental properties

7. Brief internship tasks for individual tax return

Module 3 Partnership Tax Return & Case Study

1. Detailed info regarding partnership tax return. E.g. calculation, distribution and lodgement

2. Go through major contents on Partnership Tax Return Forms – 2015, i.e. income, expense, gross profit, profit distribution

3. Partnership Tax Return Case Study on Tax Assistant

4. Calculate partnership income

5. Calculate partnership expense

6. Calculate partnership profitability

7. Partnership profit distribution

8. Apply partnership profit to individual partners

9. Calculate partner’s tax liability after partnership profit distribution

10. Brief internship tasks for partnership return

Module 4 Trust Tax Return & Case Study

1. Establishing the trust and pros & cons of the trust

2. Family trust v business trust

3. Detailed info regarding trust tax return. E.g. calculation, distribution & lodgement

4. Go through major contents of Trust Tax Return Forms – 2015, i.e. income, expense, gross profit, profit distribution

5. Trust tax Return Case Study on Tax Assistant

6. Calculate trust income

7. Calculate trust expense

8. Calculate trust profitability

9. Trust profit distribution

10. Apply trust profit to individual partners

11. Calculate beneficiaries’ tax liability after Trust profit distribution

12. Brief internship tasks for family trust return

Module 5 Company Tax Return

1. Establishing the company and pros & cons of the company

2. Director’s duty

3. Detailed info regarding company tax return. E.g. calculation & lodgement

4. BAS/IAS

5. Relationship between BAS/IAS; Payroll & Tax Return

6. Go through major contents of Company Tax Return Forms – 2015, i.e. income, expense, gross profit,

7. Lodgement deadlines

8. Tax implication for companies

Module 6 Company Tax Return Case Study & SMSF Introduction

1. Company tax Return Case Study on Tax Assistant

2. Client’s MYOB bookkeeping Record

3. Recode MYOB codes to Tax Assistant codes

4. Record General Ledger in Tax Assistant

5. Run Financial Reports, notes to accounts compilation reports in Tax Assistant

6. Import General ledger to tax return

7. Pass audit/validation test

8. Finalise return and send to client for sign off

9. Tax planning for following year

10. Brief introduction of SMSF & financial planning

11. Pros & Cons of SMSF

12. Brief internship tasks for family company return