Individual taxation

SOFTWARE: Reckon Elite Tax or HandiTax

DURATION: 4 Sessions (8 hours per session)

The Individual Taxation program seeks to equip trainees with comprehensive Australian tax knowledge and practical skills in various areas such as taxable income, work related deductions, rental property and sole trader businesses. Trainees will practice real-life case studies using tax software such as Reckon Elite Tax and HandiTax in the following areas:

• Preparation of individual and sole trader tax return
• Calculation of salary and wages
• Calculation of interest and dividends
• Distribution from partnership and trust
• Depreciation and low value pool
• Work-related deductions (D1 – D5)
• Other deductions (D5 – D15)
• Private health insurance
• Capital gains tax in foreign shares
• Rental property in Australia
• Foreign rent

Upon completion of the Individual Taxation program, trainees will be equipped with the required skills and up-to-date Australian tax knowledge to effectively complete individual tax returns. Trainees will be able to apply for relevant job positions such as:

• Tax accountant
• Assistant accountant
• Senior accountant
• Tax consultant
• Tax officer

Available as an individual program or as part of the General or  Tax Accountant Job Ready Programs.