Business and Corporate Taxation Course
This online taxation course covers the fundamentals of calculating tax for the type of business you run – whether you’re self-employed or part of a limited company. If you are in charge of a business’ finances, it’s essential to know when and what amount of tax must be submitted to HMRC, and how to do so.
By taking this business tax course you’ll gain a strong understanding of what to do to calculate and submit tax returns accurately and punctually, as well as how to get the most out of business expenses with tax reductions.
- Developed by business professionals
- Accredited by CPD
- Fully online course and assessment with no time limits
- Full audio voiceover
- Approximate Duration: 2-3 hours
- On completion, certificate is posted the next working day
Understanding how to calculate and submit tax is essential for those in charge of finances in a business. If you’re part of a small business and will be doing bookkeeping, then this business and corporate taxation course is suitable for you. Previous knowledge is not required, although some basic understanding of finances will be beneficial.
| Module |
Description |
| 1 |
Employment Tax |
Employment relationship, how to register to pay tax, employee pay, reporting to HMRC, PAYE coding notices, and benefits in kind. |
| 2 |
Taxation of Sole Traders |
Registering as self-employed, self-assessment, partnerships, record keeping, allowable expenses, calculating income, calculating tax, National Insurance Contributions, payments on account, and tax return deadlines. |
| 3 |
Limited Company Tax |
Forming a limited company, legal status, veil of incorporation, accounts, profit and loss account, balance sheet, corporation tax, taxable profits, disallowable expenses, other reliefs, R&D tax credits, filing a corporate tax return, and pay and dividends. |
| 4 |
Capital Allowances |
What are capital allowances?, what is plant and machinery?, Annual Investment Allowance, writing down allowances, first year allowances, private use adjustments, selling an asset, and vehicles. |
| 5 |
VAT |
What is VAT?, VAT rates, outside the scope, when to register for VAT, VAT schemes, VAT return, and late submissions or payments. |
The online assessment is taken on completion of the training material. You will
be asked 12 multiple choice questions with a pass mark of 75%. The
answers are marked automatically so you will instantly know whether you have passed.
If you don't pass don't worry! You can take the test as many times as you need with
no extra charge.