Sage Bookkeeping with Work Placement, VAT, Company Accounts & Personal Tax Returns

It is a comprehensive practical accounting training program designed to build the bridge between knowledge and practical aspects of accounting and tax. With this accounting courses many modules of tax and accounting are covered as well as Computerised Accounting & Payroll. Moreover, After completing the modules you will have the chance to get hands on experience which will open the door for lucrative Accounting, Tax & Payroll sector.

Course Benefits:

• Free Sage 50 Accounts Software 2019
• Email Support
• A course presentation containing the information presented on the day
• A certificate of attendance from ATS Training
• Woke placement (Optional)
• Job Hunting Tips
• Bookkeeping Career Advisory
• Set up your own bookkeeping practice with ATS career development plan

Why chose ATS Training Services as your training provider?

1. We specialize in accountancy training courses.
2. Our tutors are qualified professionals who are actively working in the accounting field.
3. We aim to furnish you with skills and knowledge you would require to tackle day to day accounting work.
4. Our clients who have completed training with us have secured a job in the relevant field and our success rate is a 100% this also takes in to consideration how determined are you as an individual to achieve your goals.
5. ATS Training is a subsidiary of AML Accountancy Practice which is regulated by IFA.
6. We have a professional approach.

VAT Training Content

• When to Register & Deregister a business for VAT
• What are the different types of VAT schemes for businesses?
• What is output sales tax and input sales tax?
• How to determine a taxable supply?
• Which nature of supplies are zero rated, reduced rated and exempt?
• Difference between zero rated and exempt supplies?
• How to register a business for group VAT registration?
• When to register a business for group VAT registration?
• What are the implications of Inter company VAT charges?
• When should a business account for VAT?
• When does the actual tax point overrule the basic tax point?
• Identifying what a VAT invoice?
• What is a Proforma Invoice?
• How to treat VAT on a Proforma invoice?
• How to complete the VAT return?
• How to claim VAT on entertainment expenses?
• Is VAT charged on Gifts?
• What is the process of Reverse Charge?
• What is the treatment for VAT on bed debts and provision for doubtful debts?
• How to Submit the VAT return to HMRC?
• How to amend a VAT return after submitting to HMRC?

Personal Tax Return Training Content

• Introduction to Self-Assessment Tax Returns
• How to register for Self-Assessment with HMRC
• How to register a sole trader for VAT with HMRC (Flat Rate Scheme, Standard Scheme and Cash Scheme)
• Understanding rules set by HMRC for Self-Assessment Compliance
• Understanding the difference between Tax Evasion and Tax Avoidance
• Understanding the different sources of income for a personal tax return
• Calculating Employment Income, Trading Income, Rental Income, Interest Income and Dividend Income to be included in the personal tax return
• Understanding the difference between a Higher Rate Taxpayer and Basic Rate Taxpayer
• Calculate and utilize the Basic Rate Tax Band to save client tax
• Calculating CIS Deductions (Self Employed Subcontractors)
• Calculating Rebates for Subcontractors ? Preparing Sole Trader Accounts (Excel)
• Preparing a SA100 Tax Return using Excel and HMRC Software.
• Submit the Tax Return to HMRC
• Payments on Account

Statutory Accounts & Tax Content

• How to setup a legal entity with companies house?
• Identifying the statutory requirement of setting up a Limited Company with companies house?
• How to file a confirmation statement with companies house?
• How to change name and address of a company?
• Identifying different nature of companies for example Limited, Partnership and Sole Traders.
• Requirements for various types of submissions available
• Identifying when to file full set of accounts with companies house and HMRC and the legal audit criteria
• Identifying the difference between financial year end and tax year end
• How to offset company losses against foreseeable taxable profits?
• Identifying legal requirements set by HMRC and Companies house for late filing penalties
• Identifying the process of dealing with liquidation and insolvency related situations for companies
• Process of filing stat accounts with HMRC and Companies house under IXBR requirements
• Companies house communication
• CT600 submission process

Sage 50 Training Content

• Process of setting up a New Company
• Process of Backing Up and Restoring Data
• Adjusting the nature of your company to work with the relevant chart of accounts template in sage for example Ltd Companies, Sole Traders, Charity and Partnerships will all have different chart of account set up.
• Understanding the different types of Tax Codes within Sage for example Standard, Zero and Flat Rated Tax Codes.
• Analyzing the ledgers and creating new sage nominal codes
• Adjusting the Chart of Accounts set up in Sage to make necessary amendments for reporting purposes.
• Posting Sales and Purchase Invoices and Credit Notes
• Creating new Customer and Supplier Account Codes and Records
• Processing Error Corrections and Deleting Transactions
• Posting Customer Invoices Using Batch Entry Module
• Posting Customer Credit Notes Using Batch Entry Module
• Generating the Sales Invoice Day Book report in Sage
• Generating the Sales Credit Note Day Book in Sage
• Posting Supplier Invoices Using Batch Entry
• Posting Supplier Credit Notes Using Batch Entry
• Generating Purchase Invoice Day Book in Sage
• Generating Purchase Credit Day Book in Sage
• Using the bank module to allocate payments for Customers and Suppliers.
• Maintaining the Cash Book Balance
• Posting Customer Receipts
• Generating Customer Receipts Reports
• Printing a Customer Statement
• Posting a Supplier Payments
• Generating Supplier Payments Reports
• Generate a Remittance Advice
• Producing Sales Invoices, Credit Notes and Payments on Account
• The Trial Balance
• Nominal Ledger Reports
• Maintaining the Security of Data

• Bookkeepers

• Students/Members

• Recently Qualified/Part Qualified ACCA Student

• Graduates

• Non - Graduates

1. We would require you to be IT Literate
2. We would require you to read, follow and understand instructions.
3. We would require you to be studying towards an accounting qualification however this is not mandatory.

There are no firm requirements set for this course as it is a hands on practical training course developed to furnish you with best Accounting Skills

Certificate of completion

Digital certificate - Included