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SME tax advisers award - level 4

Institute of Financial Accountants

Summary

Price
£180 - £225 inc VAT
Study method
Distance learning
Duration
Self-paced
Qualification
IFA level 4 award for SME tax advisers
Awarded by Institute of Financial Accountants

Overview

This is a highly vocational qualification for aspiring tax advisers. The aim of this award is to: enable you to develop an understanding of the structure and operation of the principal systems of UK tax as it affects SMEs; provide you with the skills to prepare tax computations; and advise others of the effects of tax on decision making.

The level 4 award is a single unit qualification:

  • (4TX) tax for SMEs

Mode of study: self-study using bespoke e-book, recommended reading and past exam papers. As a general guide this unit takes 150 hours of study.

Exams: the unit is assessed by a three hour exam. The exam includes 10 multiple choice questions and short and long answer questions with practical application.

The exam sittings are in June and December.

Description

This unit will enable students to understand taxation as it affects small- and medium-sized enterprises (SMEs) and small- and medium-sized practices (SMPs). It will provide individuals with the skills to prepare basic tax computations and advise others of the effects of taxation on decision making. 

Overview of learning outcomes

On completion of this unit you will be able to prepare:
1. Income tax and national insurance computations for individuals and SMEs.
2. Corporation tax computations for SMEs.
3. Chargeable gains computations for individuals and SMEs.
4. VAT computations for individuals and SMEs.

Fees

  • Student membership fee (1 year) £120.00
  • Fee includes student registration fee of £54 (VAT able)
  • Student renewal fee - payable annually £75.00
  • Exam entry fee per unit £60.00
  • Exemption fee per unit awarded by the IFA £60.00*
  • Credit (unit) certificate £34.00
  • Ethics assessment £46.00
  • Level 4 online learning materials £75.00 excl VAT
  • Ethics learning material £15.00 excl VAT

*You will be informed of any exemptions you are entitled to based upon your application

Who is this course for?

The IFA level 4 award for SME tax advisers is for those looking to obtain a greater understanding of taxation and for those who are thinking about a career as a tax specialist.

The unit can be studied either full or part-time making it ideal if flexibility is important.

Requirements

To study the IFA level 4 award for SME tax advisers you need to have:

  • Two A levels and three GCSEs in five separate subjects, including maths,  or equivalent. These are standard entry requirements for UK university study.
  • Alternatively, at least one year's practical experience of tax work.

Career path

The award provides credit towards one of the units required for each of the following IFA diplomas:

  • Level 4 diploma for SME financial accountants
  • Level 5 diploma for SME financial managers

To be eligible for associate membership of the FTA you must successfully complete the professional ethics short learning module and scenario-based assessment within two years of completion of the award.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

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