Self Assessment Success

Being able to prepare self assessments for your clients is a sure fire way to add extra to your bottom line.  If you work with sole traders, the ability to provide a one stop stop is a huge draw.  It's really easy to charge upwards of £150 even for the simplest tax returns.

This doesn't need to be frightening.  We're rewriting one of our most popular courses to bring it right up to date for the current tax year.

 

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What's included?

Introduction to Tax

The tax system in the UK can be quite complex. We will introduce it in an easy to understand way.

Personal Allowance and Pensions

Every taxpayer has a personal allowance.  Many things can affect how much this is.  This module will examine these.

Employment Income

Maybe one of the most common things on tax returns, work out the tax from employment income, including benefits e.g. company cars.

Accounting Concepts & Badges of Trade

Important for accounting in general, but crucial for tax.  Understand the most important concepts. Income tax and capital gains tax are quite different.  How do we decide which category income falls into?  This module explains it all.

Calculating Taxable Profits

Understanding what expenses can be claimed for sole traders is important in determining their tax liability.  Learn these here.

Capital Allowances

The taxman doesn’t like depreciation.  Learn how to change this to capital allowances.

Losses

Many small businesses experience losses in the beginning years.  This module explains how we can deal with those.

Deadlines and Penalties

Penalties have become big business for HMRC over the last few years.  Make sure you understand how these work.

Savings & Investments

Tax deducted at source for savings and dividend credits can be confusing.  Get up to scratch.

Basis Periods

Income from business needs to be accounted for in the right periods.  This module explains how to make sure that happens.

Property Income

As more people let properties, this page becomes more and more important.  Make sure you understand how to complete it.

Payments on Account

A challenging concept for a business owner to understand.  Make sure you’re clear on when tax needs to be paid.

Capital Gains Tax

Sometimes, selling an asset you’ve owned personally carries a tax liability.  We’ll explain how and when this happens

Frequently Asked Questions

These are some of the questions people most frequently ask us:

Does this mean I can offer self assessments to clients?

That depends on your professional body, if you have one.  If you’re an ICB member, you will need to take the Self Assessment Exam.  It’s home based and this course will really set you up for everything practical on this exam.

If you’re an IAB member, there is no separate exam.  You can offer self assessments if you are confident and competent to do so.

If you’re with another body, please check with them directly.

What if it’s just not for me?

This is not for everyone.  It’s hard work, but the rewards are massive.  We offer a 2 week money back guarantee.  That means if you try this course and find it’s really not for you, you can get all your money back.  No risk!

How much time will this take?

Despite what HMRC would have you believe, tax actually is taxing.  This means that some of the concepts we’ll be talking about are difficult to get your head around initially.  You may need to watch the webinars a few times, and you’ll need to spend a bit of time on the example questions.  Like everything, you get out of it what you put in.  I would recommend that you set 3 hours a week aside for this course.

Unfortunately, this means it’s not for everyone.

Something else?

If we’ve not answered your question, drop us an email on hello@bookkeepersalliance.co.uk

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What if I don't like it?

Our courses are covered by our money back guarantee.  If after 2 sessions you don't think it's for you just let me know and I'll get any money you've paid right back to you.