Course description

The Tax Accounting course begins with an in-depth look at the UK Tax System and its administration, offering learners a solid foundation in the regulatory framework that underpins taxation. It explores the intricacies of income tax and its impact on both individuals and businesses. A dedicated module on National Insurance emphasizes its role within the broader tax structure, while step-by-step guidance on completing self-assessment tax returns ensures learners are prepared to comply with HMRC regulations.

As the course progresses, learners dive into the essentials of value-added tax (VAT) and corporation tax, gaining insights into their application in business environments. Key areas such as PAYE, payroll processing, and wage management are also covered, providing the skills needed for accurate and compliant tax accounting.

Additionally, the course introduces learners to the principles of double-entry bookkeeping—an essential component for effective financial analysis and management. Throughout the program, real-world case studies and practical scenarios help reinforce core concepts, enabling learners to confidently handle complex tax situations in both personal finance and corporate accounting contexts

What will i learn?

• Gain a thorough understanding of tax system and its administration
• Master income tax fundamentals, including its implications for individuals and corporations
• Acquire proficiency in national insurance, value-added tax, and corporation tax
• Learn how to submit accurate self-assessment tax returns, ensuring compliance with legal obligations
• Develop payee, payroll, and wage management skills essential for practical tax accounting
• Understand the principles of double-entry accounting and its application in tax accounting processes