Business Taxation 2025

Mastering Business Taxes From Fundamentals To Filing With Confidence.

What you'll learn

The learners will understand how to calculate business taxes for sole traders, partnerships and Limited Companies.

The learners will be able to calculate National Insurance Contributions (NICs) and Corporation Tax for Companies.

The learners will be able to complete Self-Assessment Tax Return for Individuals and Companies.

The learners will be able to identify tax planning opportunities, understand UK Tax law implications concerning errors in tax returns, late filing of tax return

The learners will be able to calculate tax on sale of capital asses by companies. Understand tax reliefs available to businesses.

Requirements

There is no required previous knowledge for the Business Tax Course.

Description

What is this Course About?The business tax course introduces the learner to UK taxation relevant to businesses. The course teaches how to calculate business taxes for sole traders, partnerships and limited companies. The learner will be able to identify tax planning opportunities while understanding the pertinence of maintaining ethical standards.Why is the Course Relevant?Gaining a sound understanding of the administrative and computational requirements of tax law is crucial to ensure that businesses meet their legal requirements and avoid penalties and interest. Tax planning can save a significant amount of money for a business; therefore, this course provides learners with the opportunity to understand how to provide effective tax advice to clients.What you will learn:By the end of engaging with this course, you will:· Gain skills required to apply the treatment of capital expenditure and adjustment of accounting profits for tax purposes.· How to calculate tax liability for individuals.· How to complete the self-assessment for individuals.· How to calculate the corporation tax payable by companies.· Learn how to allocate profits between partners in a partnership.· Learn how to calculate National Insurance Contributions (NICs) for the self-employed.· Learn how to advise clients on the tax implications of making losses.· Understand the administrative requirements and implications of errors in tax returns, late filing of returns, late payment of tax, and not retaining records for the required period.· Learn how to calculate tax on the sale of capital assets by companies.· Understand the capital gains implications of the sale of a business.· Learn about tax reliefs available to businesses.What is included in the course:The business tax course is made up of:· Seventeen (17) lessons· Each lesson is delivered in chunks of notes and illustrations laid out in slides.· There are loads of examples to explain every aspect of the topic in each lesson.· There are downloadable activities.· There are downloadable answers to the activities, and· There are downloadable worksheets showing how relevant activities are worked out and explained.Who is the Business Tax Course For?Business tax skills are valuable assets to possess, whether you are a student aspiring to become an accountant for small to medium-sized businesses, but also for someone already working in the financial/accounting sector who lacks a comprehensive understanding of the various topics covered in the course.Disclaimer: This course contains a promotional video.About Me:Maureen Okwara-Amazu is an educator, accountant, and bookkeeper with a passion for equipping others with business skills. I had the opportunity to deliver Business and Personal Tax Financial Statements for Limited Companies, including bookkeeping courses, at a college in the UK. Over the years, I have supported many students who have gone on to become accountants and bookkeepers. Due to years of facilitating learning and guiding students both physically and visually, I have made the practical bookkeeping course approachable and understandable.

Overview

Section 1: Business Tax Course Outline

Lecture 1 Lesson 1: The Structure of the UK Tax System

Lecture 2 Lesson 2: Calculating Individuals' Tax Liability

Lecture 3 Lesson 3: Computing Trading Income Part 1

Lecture 4 Lesson 4: Computing Trading Income Part 2

Lecture 5 Lesson 5: Capital Allowance Part 1

Lecture 6 Lesson 6: Capital Allowance Part 2

Lecture 7 Lesson 7: Taxing Unincorporated Businesses Part A

Lecture 8 Lesson 7: Taxing Unincorporated Businesses Part B

Lecture 9 Lesson 8: National Insurance Contributions (NICs) & Corporation Tax Part A

Lecture 10 Lesson 8 National Insurance Contribution (NI) & Computing Corporation Tax Part B

Lecture 11 Lesson 9: Losses For Sole Traders and Partnerships.

Lecture 12 Lesson 10: Losses From Companies

Lecture 13 Lesson 11: Self-Assessment For Individuals

Lecture 14 Lesson 12: Self-Assessment For Companies.

Lecture 15 Lesson 13: Chargeable Gains For Companies

Lecture 16 Lesson 14: Share Disposal

Lecture 17 Lesson 15: Business Disposal Part A

Lecture 18 Lesson 16: Business Disposal Part B

Lecture 19 Lesson 17: Understanding Business Structures & Tax Planning

Students aspiring to become an accountant for small to medium-sized businesses, someone already working in the financial/accounting sector who lacks a comprehensive understanding of the various topics covered in the course.