Tax Accounting Systems and Administration

Course description

Do you wonder how taxes are calculated and deducted from your wages and salary? Or are you looking to pursue a career in tax accountancy? This course will help you understand the tax system's details and examines the different tax types, double-entry and management accounting and financial analysis. Review the intricacies of the UK tax system and common terminologies in accounting. Learn to launch a career as a tax accountant. Enrol today.

Tax accounting is a unique accounting field specialising in preparing tax documents and giving advice to clients on matters of taxation. This course explores the UK tax accounting systems and administration and will examine the different types of tax laws in the UK. You will also review the structure of Her Majesty's Revenue and Customs (HMRC) and understand how they operate. Discover what a self-assessment tax return is, who needs to submit it and how it is done.

Next, you will study the details of income tax, including all aspects of taxable income. Investigate other short-term and direct taxes such as the capital gain tax, value-added tax, corporation tax and insurance tax, assessing their significance in businesses and personal finance. Then you will be shown what details to include on your tax statement and why each matter. We will review different types of tax liabilities and tax payments to help strengthen your understanding of the intricacies of this field.

Double-entry accounting is prevalent throughout the business world. The course's final section will reveal how it is used in business accounting. You will become familiar with different terms and jargon employed in financial accounting and learn to interact more confidently with professionals in this field. 'Skill Up' is the publisher for this course. They provide practical and informative classes to individuals and comprehensive training packages to businesses from personal development to IT, leadership, skill development, marketing, design and so on. Enrol on this course now and learn everything about the tax accounting system and how to become a tax accountant yourself.