Farm Accounting & Taxation

Remember, You can complete this Farm Accounting & Taxation course within 6 to 9 months of enrolling. So take your first step by contacting us today !

Detailed Content

Unit 1: Getting Started

• Introduction
• What are Farm Accounts?
• Starting a System
• Cash Planning
• Examples

Unit 2: Controlling costs

• Management/Cost Accounts
• Acreage and Rent
• Areas in which Cost Accounts should be Kept
• Cost Accounts and Financial Accounts
• Analysis

Unit 3: Dealing with the Bank

• Getting a Loan
• Treatment of Interest in Accounts
• Reconciling the Bank Statement

Unit 4: A costing system

• Introduction
• Physical Records
• Variable & Fixed Costs
• Balance Sheet
• Depreciation
• Review
• Example - Livestock on Farm
• Planning
• Example - Filing Systems

Unit 5: Tackling tax issues

• Income Tax
• Schedule D - Cases I, II, III, IV
• D.I.R.T.
• Schedule D - Case V, Schedules E and F
• Exemptions From Income Tax
• Tax Year
• Allowances
• Rates of Tax
• Farm Income
• Commencement/Cessation Rules After Finance Act 1990

Unit 6: Reliefs, Expenses, valuations

• Introduction
• Reliefs
• Other Allowances and Reliefs
• Medical Expenses
• Self-Employed Pension
• P.R.S.I. for the Self-Employed
• Valuation of Stock
• Valuation of Bloodstock - Stud Farms
• Stock Relief for Farmers
• Financial Year

Unit 7: P.A.Y.E

• P.A.Y.E.
• Employer's Duties
• Benefits-in-Kind
• Tax Tables

Unit 8: VAT/Taxation

• VAT for Farmers
• Farmers Taxed Partly on PAYE Basis & Self-Employed Basis
• Taxation on Married Couples

Unit 9: Profits / Capital allowances

• Averaging of Farm Profits
• Capital Allowances

Unit 10: Capital taxes

• Capital Acquisitions Tax
• Capital Gains Tax

Unit 11: Income tax

• Self-Assessment - Income Tax

How distance learning works

Your Own Farm Accounting & Taxation tutor

As a Kilroy's College student, you will be assigned a personal tutor, who works with you throughout your course, providing expert guidance and tuition. With your experienced and qualified Farm Accounting & Taxation specialist as your tutor, you will be in "a class of one" but you will never be on your own.

An assignment is completed at the end of each study unit and sent to your tutor at the college. Helpful comments accompany each corrected assignment as they are promptly returned to you with your next study unit. You will receive regular feedback and encouragement from your tutor throughout your course, which helps to ensure the successful completion of your studies.

Any correspondence with the college and all your course work will be treated as strictly private and confidential.

An excellent textbook, carefully chosen by our course writers to complement this study programme, will be sent to you with your first study units, which is yours to keep for future reference.

A Kilroy's College Diploma is awarded to students based on their work throughout their course. You will receive your Kilroy's College Diploma in Farm Accounting & Taxation on the successful completion of all your assignments.

Many of our students currently employed have received a promotion or an increase in salary, as a direct result of completing a Kilroy's College course. Many students tell us that our courses have given them the confidence to go on to further study, to begin work or to change careers. So if you don't have time for evening classes or you would prefer to study at home at your own pace, this Farm Accounting & Taxation course could be perfect for you.

Distance Learning Advantages

• You don't need to take time off from work or other personal commitments as this Farm Accounting & Taxation course allows you the flexibility and confidentiality of studying at home.
• You can start studying at any time as the college is open all year round.
• Because you study from home it offers you valuable savings in time and transportation.
• There is no pressure on time, no age limits and no previous experience is required.
• You will be in "a class of one" with your own tutor, an experienced and qualified specialist in Farm Accounting & Taxation, and your tuition is private and confidential.
• You will receive everything you need to get started in your student study pack.
• You will be awarded the Kilroy's College Diploma in Farm Accounting & Taxation in recognition of your educational achievement, on the successful completion of your course.

Delivery Method:
1. Correspondence
2. Online

Private Tutor: Yes

Duration: 6 to 9 months