Course Description

This course describes the skills and knowledge required to maintain business taxation accounting records and process lodgements and returns in accordance with Australian Taxation Office (ATO) requirements, excluding income tax.

It applies to individuals who, within their level of authority, apply specialised business taxation knowledge and follow defined procedures to administer and process information.

After successfully completing this course, the candidate will be able to;

·apply specific Australian taxation requirements for business purposes,

·interpret taxation parameters and lodgement schedules,

·use appropriate accounting terminology,

·maintain accounting records for taxation purposes and establish and maintain an administrative process for managing business tax returns

Skills Covered

This course covers the following key areas:

·Tax File Number, 

·Australian Business Number, 

·Business Income & Deductions

·Pay as you go (PAYG) withholding & installments

·Goods & Services Tax (GST)

·Fringe Benefits Tax

·Superannuation

·Work Cover

·Land Tax

Stamp Duty 

Payroll Tax,

Luxury Car Tax (LCT), 

Wine Equalisation Tax (WET), 

Fuel Tax Credits (FTC)

Accredited Unit:  FNSACC401 Process Business Tax Requirements