Self-Employed Accounting & Taxation

Overview

Small business is finally being recognised as perhaps the most important element for the well being of the economy. It is the self-employed that can generate employment. This course will demonstrate that there are many positive benefits in keeping accounts, such as:

• Cash can be controlled
• The most profitable areas of a business can be identified immediately
• Results can be compared with planned results
• When approaching the Bank Manager proper accounting will greatly strengthen your case
• Accounts are necessary in order to arrive at taxable profit

Course Contents

Remember, You can complete this Self-Employed Accounting & Taxation course within 12 months of enrolling. So take your first step by contacting us today !

Detailed Content

Unit 1: A system for keeping accounts

• Introduction
• Limitation of Accounts
• Starting a System
• Outline of Methods of Accounts Keeping
• Cash & Bank
• Stock/Inventory

Unit 2: How to approach the Bank

• Getting a Loan
• Sources of Finance
• Reconciling the Bank Statement
• Standing Orders & Direct Debits

Unit 3: Cost control

• Depreciation
• Costing
• Management / Financial Accounts
• Cash Control
• Stock Control
• Credit Control

Unit 4: Overall control

• Filing
• Budgetary Control
• Computers
• Flow of Funds

Unit 5: Tax Issues

• Income Tax - Schedules
• D.I.R.T.
• Tax Year & Allowances
• Rates of Tax
• Commence / Cessation Rules

Unit 6: Interest/Tax relief

• Introduction & Reliefs
• Mortgage Interest
• Other Interest Reliefs
• Relief for Contributions to the Revenue
• Approved Retirement Annuity Fund
• Claiming Relief / Interest

Unit 7: Taxes and Benefits

• P.A.Y.E.
• Employer's Duty
• Benefits-in-Kind
• Calculation of Tax Liability - Schedule E
• Tax Tables

Unit 8: VAT - How it works

• V.A.T.
• Who Must Register / Who May Register
• Schemes for Retailers

Unit 9: Taxes/Allowances

• Taxation of Married Couples
• Motor Expenses
• Capital Allowances
• Capital Gains Tax

Unit 10: Business Taxes/reliefs

• Capital Acquisitions Tax
• Business Property Relief

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 Self-Employed 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 Self-Employed 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 Self-Employed 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 Self-Employed 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 Self-Employed 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 Self-Employed 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: 12 months