Tax Accounting Course

The Tax Accounting course aims to enhance your understanding of how tax and accounting systems work in the UK, which would be particularly useful to small business owners, entrepreneurs, employees and anyone interested in improving their general knowledge on the broad tax issue.The course is divided into ten different topics sorted in a logical progression from simple knowledge of the different taxes applicable to companies and individuals in the UK, to advanced accounting methods and techniques for financial analysis.

Table of Contents
  1. What is Tax Accounting?
  2. Tax Accounting for an Individual
  3. Tax Accounting for a Business
  4. Tax Accounting for a Tax-Exempt Organization
  5. Key Points of Tax Accounting
  6. Tax Accounting training Course
  7. Why should join this Course
  8. Course Content
  9. What you will learn?
  10. Entry Requirements
  11. Tutor Support
Tax Accounting

What is Tax Accounting?

Tax accounting is a system of tax-focused accounting techniques, rather than the public financial reporting presentation.Tax accounting is regulated by the Internal Revenue Code which defines the specific rules to be followed by companies and individuals in preparing their tax returns.

Tax accounting is the means for tax purposes to be counted.It applies to all— individuals, businesses, corporations, and others.And those exempted from paying taxes must take part in tax accounting.The aim of tax accounting is to be able to monitor the funds associated with individuals and organizations (funds in as well as funds going out).

Tax Accounting for an Individual

Tax accounting for an individual taxpayer focuses solely on items such as income, qualifying deductions, investment gains or losses, and other transactions that affect the tax burden on the individual.This restricts the amount of details a person requires to file an annual tax return, and although a person may use a tax accountant, it is not a legal necessity.In the meantime, general accounting would involve tracking all funds coming in and out of the possession of the persons irrespective of purpose, including personal expenses which have no tax consequences. Personal tax return training will improve the skills in this sector

Tax Accounting for a Business

More detail needs to be evaluated from a company perspective as part of the tax accounting process.While the earnings of the company, or incoming funds, have to be tracked just as they are for the individual, there is an additional level of complexity with respect to any outgoing funds directed towards certain business obligations.This could include funds targeted at specific business expenses as well as funds targeted at shareholders.While it is not also necessary for a business to use a tax accountant to perform these duties, due to the complexity of the records involved, it is fairly common in larger organizations. Personal and business tax courses are available in this field of study.

Tax Accounting for a Tax-Exempt Organization

Tax accounting is also required in situations where an entity is tax-exempt.That is because most organizations are expected to file annual returns. They are expected to provide reports about any new funds, such as grants or contributions, as well as how the funds are used during the activity of the company.It will ensure the company adheres to the laws and regulations that regulate a tax-exempt entity's proper functioning.

Key Points of Tax Accounting

  • Tax accounting is the accounting subsector which deals with tax return preparations and tax payments.
  • Individuals, businesses, corporations and other entities utilize tax accounting.
  • An individual's tax planning focuses on profits, qualified expenses, contributions and any gains or losses from investments.
  • Tax accounting is more complex for a company, with greater analysis about how funds are spent and what is or is not taxable

Tax Accounting Training Course

If you want to work in a company's Finance or Tax department, or as an accountant in well-known accounting firms, it is important that you know how to prepare and send reports for the company to the right places.This course on accounting tax in the UK will upgrade your skills to a higher standard.

We also used real-life examples in the course to explain the complex tax concepts, which demonstrate each tax definition and give you a realistic perspective on the topic covered by the course.In addition, with a carefully planned exam, you can verify what you learnt.You will be able to learn about Her Majesty's Revenue and Customs in this course and obtain a comprehensive overview of tax laws and rules in the UK.Employment is another subject addressed by the course, as it explains the tax rights and obligations for employers and workers alike.

We provide personal and business tax courses training which has a lot of advantages. This training will provide in personal tax return training. Personal tax return training and self-assessment training course are highly demanded in the market

Being part of the UK's healthcare system, which is funded by employers in the UK, there are various advantages and deductions that come from Social Insurance payments and Income Tax, the two main ways to tax individuals.People in crisis as well as individuals performing special duties will greatly benefit from requesting these benefits to help them reach ends.

The primary focus of this course, however, is taxes from a company viewpoint, making it a perfect reference piece for just about any business owner or entrepreneur.Tax obligations as well as the most relevant dates and deadlines were noted and guidance on registration and payment were also included, ensuring that you have all the resources to effectively handle corporate tax returns, corporate tax and demand business reliefs that can support your company.

The personal and business tax courses are the courses which are currently available to the development of skills and providing in personal tax return training in this courses personal tax return and self-assessment training course are one of the major demanded training courses available in the current market

The course explains the PAYE scheme in depth and discusses how to manage a payroll, chooses payroll software, generates payrolls for the workers, and deducts accordingly.Value-added tax, or VAT, is one of the most common business taxes in the world and in the UK.This course is your main comprehensive guide on the different VAT rates, what to charge them and how to demand back the VAT paid for your own transactions.This also discusses the laws, legislation and taxation for foreign trade as well as for exporting and importing to and from the United Kingdom. The course explains the pay system in depth and discusses what it is like to manage a payroll, chooses payroll software, generates payrolls for the workers, and deducts accordingly.The Value-Added Tax or VAT is one of the most common business taxes in the world and in UK.This course is your main thorough guide on the various VAT rates, when to charge them and how to demand back the VAT paid for your own purchases.This also discusses laws, legislation and taxation for foreign trade as well as for exporting and importing to and from the United Kingdom.

Why should join this Course

Understanding how tax is to be calculated and submitted is essential for those in charge of a business' finance.If you're part of a small business and are going to do bookkeeping, then this course of business and corporate taxation is right for you.Prior experience is not necessary although some basic financial understanding would be beneficial. Personal tax return and self-assessment training courses have the qualification power to an individual to make him as an highly paid employee.

With more than 230 hours of learning split across 9 easily accessible modules, the course was designed to provide an enjoyable and informative learning experience for the learners.The courses in Bookkeeping Levels 2 , 3 and 4 are studied online , meaning you can study on your own schedule at your own pace.Study day or night, whenever it suits you best.You will be given access to the course 24 hours a day, 12 months seven days a week.What's more, the course is CPD accredited, so the certificate of completion will be awarded to the learners upon successful completion of the course, ensuring that employers and institutions recognise the course.

Completing this course will enable you to learn more about the Corporate Tax Return procedures involved.

  • Once you are qualified, you can offer this as a service to potential business customers, and earn ££ £
  • You can process your own Business Tax Return and Accounts if you are running a business, instead of paying someone else to do so.Every year it'll save a lot of money (£ £).
  • If you are looking for a position in the accounting or tax industry you can remain ahead of the competition until you are trained in company accounting and tax procedures.

Course Content

  • Identification of the requirements to establish a UK company
  • Identifying Business regulatory requirements
  • Introduction to Processing of confirmation declarations
  • Identifying Company Forms based on size
  • Identification of the types and requirements of the different submissions available
  • Identify minimum requirements in a balance sheet and account for profit and loss
  • Identifying dates and time limits for tax returns
  • Identifying Late Penalties
  • Identifying procedures for companies to close down
  • Reference to the process for reporting the company accounts
  • Forms and correspondence of company house
  • Awareness of conditions about IXBRL
  • Personal Tax return training
  • Understanding of procedures for submission using HMRC Online CT600 (web filing)
  • Using one Business (SME / Micro Entity) case to recognize the procedures for filing annual business tax returns and accounts

What you will learn?

  • What tax is it and how the UK tax system operates
  • Which taxes apply to persons residing in the UK
  • What benefits and allowances exist to help people in disadvantaged positions?
  • How to measure payments to National Insurance based on individual earnings
  • What are the various types of national insurance, and how they refer to
  • How to calculate income tax and how to degrade tax codes
  • What income can be tax-free for individuals and the various tax reliefs
  • How to calculate corporate tax on the sales of companies
  • VAT dynamics and VAT schemes are used to recover VAT on procurement
  • What fees apply to international imports and exports both within and outside the EU
  • How to import and export goods and services and how to stop double tax
  • What is double accounting, and how debit and credit transactions affect accounts?
  • How to account, prepare and submit your own company Annual Returns
  • What financial organizations set international standards affecting UK legislation?
  • Which international tax reporting standards are applicable in the UK
Tax Accounting


Students will undergo numerous online assessments throughout the Tax Accounting course to measure how effectively the knowledge is being absorbed.Students will take an interactive assessment at the end of each module within the Tax Accounting course to assess the knowledge they have just learned.This offers a fantastic resource for monitoring and is useful to reflective learning.

Once all the course modules are complete delegates will take an online final evaluation test, which will generate questions that are contained throughout the course.The final evaluation test is fully interactive, and will be instantly marked, allowing students to know their grade.If you do not pass the final assessment first, you can retake the assessment at no extra charge as many times as necessary until you pass the course.


The course on tax accounting was independently accredited by The CPD Certification Service and certified.On completion of this course learners will be awarded successfully with:

Level 3 CPD Award in Tax Accounting

The certificate will show your awarded grade classification and provide evidence of your accomplishments for you to take to any prospective employers or part of your evidence portfolio.The CPD Certification is recognized as a prestigious certification for the continuous professional development throughout the UK and the world.The certificate will be produced in PDF format, optional hard copies of the certificate at an additional fee of £ 9.99 will be available.

Entry Requirements

There is no experience or prior credentials needed to enroll on the tax accounting course.The course is available to all students, from any academic background.Apprentices should have a basic understanding of the language and literacy skills.Essentially, if you can read the information on this course page, you should start the course with more than fine.

Tutor Support

It is always useful to know, when you are studying a course, that you have the help and support of tutors who want you to succeed in your studies. The trainers will provide highly talented skills like personal tax return training. And as a part of personal tax return and self-assessment training courses you will gain the the ability for personal tax return training. And also, you will gain access to our dedicated Tutor Support programmed as part of the Bookkeeping Level 2, 3 and 4 courses.The academic tutors can provide unlimited online email support to help you answer any questions you may have while you are studying the course.