Personal Tax Return Training

Personal tax returns training are technically known as SA100- Self Assessment returns, are the most important tax returns you have to fill as an individual. It takes into account all your taxable income from different sources like Salary, Rental, foreign, capital gains, trust or any other source. 

You might have an accountant or bookkeeper doing your SA100 self-assessment returns but it doesn’t harm to know how the tax matters actually work. The self-assessment SA100 Training conducted by Future Connect Training is suitable not only for individuals to do their tax returns but is equally technical and essential for aspirant bookkeepers and accountants to offer services to their clients. Submission of Personal income Tax return is a responsibility of individual and HMRC has strict rules about the submissions.

The tax returns training will be done on real client files with varying degree of income sources like cab drivers, dentists, individuals within GP Services, nurses associated with agencies doing their own tax returns, construction workers affected by CIS regime, IT Contractors, individual selling home for the first time and want to learn about PPE relief or efficient way of managing the capital gains tax. You will learn how to implement a tax allowance and use efficiently the tax free income given by HMRC.

The training can be done online, through our various offices in London and Birmingham. The online self-assessment SA-100 Course from Future Connect is equally good as office based as you will have a dedicated training associate and training will be conducted via live one to one interactive sessions by sharing screen using zoom or anydesk.

The training id ofqual regulated by IAB – you get a level 3 / 4 diploma in self-assessment.

Overview of Personal Tax Return Training:

The personal Tax return training course will provide learners with an insight into how to implement taxation policies efficiently in practical commercial situations.

 It includes all aspects of taxation from personal income tax to incorporated company’s corporation tax, this course proposes to support learning understanding of various income tax matters and SA100 rules, focusing on different type of forms ranging from SA100, 102, 103,104 and 105. 

The computation id taught for simpler tax returns and also for more complex business structures as well. You are given exposure to different reliefs and when to use them efficiently to bring down the tax liability. 

The real life live material gives you the best training where you are not just reading theory but also implementing the concept on client’s financial situation and filling in the returns using tax filing HMRC approved software like taxfiler or tax calc. 

Whether you currently serve in finance, are wanting to work in finance, run your private business or desire to gain a new skill, this course is ideal.

How to do a Self-Assessment tax return SA-100?

We learn the process in a very chronological way, as it will happen in the real life with yourselves or your prospective clients. Firstly, you need to learn how to be registered with HMRC to process your tax return. 

How to get a UTR (Unique Tax Reference) number. Identifying the categories of your income sources and building up the bookkeeping for the taxable income computation. 

Once you have details for all receipts and expenditure, you can submit electronically to HMRC. The deadline for filing a personal tax return is 31 January for the previous tax year.