Personal Income Tax - Self-Assessment Return “SA-100” Training

What is Tax Return and Self-Assessment Training?

We provide training on the Personal Income Tax Returns of which the other name is Self- Assessment Returns or SA100, are the essential tax returns you need to fill as an individual. It takes into consideration the taxable income from different sources including Employment, Self-Employment, Partnership, UK property, Foreign income etc. It is common for either a bookkeeper or accountant to complete the SA100 Self-Assessment Returns, but it can be useful to understand the tax treatments. The Self-Assessment SA100 Training conducted by KBM Training is suitable not only for individuals to complete their tax returns but to offer services to their clients. The Services are technical and essential for aspirant bookkeepers and accountants. The submission of Personal Income Tax return is a responsibility of individual and HMRC have stringent guidelines on submission.

We provide original client files for the Tax Returns Training, which includes various degrees of income sources like:

  • Doctors
  • Dentists
  • Cab drivers
  • Individuals within GP Services
  • Nurses associated with agencies 
  • Construction workers affected by CIS regime
  • IT Contractors
  • Individual selling home for the first time who want to learn about PPE relief
  • An efficient method of the capital gains tax management

You will develop skills and knowledge to implement a tax allowance and use efficiently the tax-free income given by the HMRC.

You can attend the training through online sessions, through our various offices in London and Birmingham. The online Self-Assessment “SA-100” Course from KBM is equally good as compared to the office-based practice. We provide a dedicated training associate to conduct training via live one-to-one interactive sessions by sharing screen using Zoom or Anydesk.

The training is Ofqual regulated – you achieve a level 3 / 4 diploma in self-assessment.

We KBM are here to provide you with detailed information through the following topics:

  • Overview of Personal Tax Return Training
  • How to carry out a Self-Assessment tax return SA-100?
  • How to Apply a Tax Rebate
  • Why Should I follow Personal Tax Training?
  • Contents of the Training of Self-Assessment Return
  • Personal Tax Return Study Options
  • Course Assessment Method
  • Personal Tax Training Fees
  • Who is suitable for this course?
  • Why inquire Personal Tax training with KBM?

Overview of Personal Tax Return Training

The Personal Tax return training course will give you knowledge and skills with an insight on how to implement taxation policies effectively in a practical commercial situation. It includes all segment of taxation from personal income tax to incorporated company's corporation tax, this course proposes to support your learning and understanding of various income tax matters and SA100 rules, focusing on different the forms ranging from SA100, 102, 103,104 and 105. The calculation is taught for more uncomplicated tax returns also for more complex and a variety of business models. We will provide you with exposure to the various reliefs and its efficient use to bring down the tax liability. The official documentation provides you with the best possible training where you can grasp implementing the concept on the client's financial situation and filling the returns using tax filing HMRC approved software such as Taxfiler or tax calc. Whether you presently serve in finance or wanting to work in finance, run your private business or desire to achieve a new skill, this course is perfect for you.

How to carry out a Self-Assessment tax return SA-100?

We chronologically learn the process, as it will happen in real life with your prospective clients or yourselves. First, you need to know how to be registered with HMRC to process your tax return, how to get a Unique Tax Reference (UTR) number, how to identify the categories of your sources of income and strengthen the bookkeeping for the computation of taxable income. When you have details for all expenditure and receipts, you can electronically submit to the HMRC. The deadline is 31 January for the previous tax year for a personal tax return to file.

How to Apply a Tax Rebate

There is a possibility; you could qualify for a tax rebate through the most likely scenarios as under:

  • Claiming personal Tax relief
  • Submitting an incorrect tax return
  • Overpayment of tax than required

There are many reasons why you get a tax return. It is essential to know the scenarios applicable to a rebate on tax.

Why Should I follow Personal Tax Training?

Majority of self-employed individuals and directors of companies must submit Tax Return every year. If an individual operating a business, he may study how to carry out tax return by yourself. As an outcome, you can save money as opposed to using an external agent. Also, you can reserve more money as you will know more about how to apply a tax deduction. According to a statistical survey, over than 60% of taxpayers are not sure how to calculate their tax return accurately and lose money due to lack of knowledge on the successful application of a tax rebate.

If you are to provide tax services to the public, then the skills in this sector can vividly increase your prospects of job and business.

Contents of the Training of Self-Assessment Return

You can see here the detail of the contents of the training of Self-Assessment Return:

  • Identification of the different type(s) of returns based on the requirement of the individual taxpayer 
  • Fully capable of fulfilling the responsibilities and duties of a bookkeeper/tax agent at the time of computing the self-assessment tax returns, this will be focusing on the rules of the HMRC and the deadline.
  • Computation of the liability of tax for sole traders or individuals such as nurses, dentist cab drivers, owner of corner shops or the agency staff working on locum with NHS, having varying sources of income. 
  • Understanding the director's responsibilities and liabilities whilst using the same bank account for personal and business purposes or making drawings dealing with allowed and disallowed expenses for purposes of tax computation
  • Contents will also include Introduction to UTR and NI Classes; classifications and payments attached to each. Timeline, tax year rules etc. 
  • It provides an understanding of procedures of the Tax Return submission using real individual scenarios to the HMRC.
  • Analyses of Class 2 & Class 4 NIC
  • Analyses of Personal Allowance and CIS deductions
  • Analyses of Income from Self Employments and calculation of the trading reliefs
  • Employment benefits Analyses and learning on filling in the P11Ds
  • Analyses of the benefits of Car and Fuel for mileage claims and computation of the real income
  • Analysis of investment income and savings with their tax implications 
  • Introduction of analysis of Capital Gains Tax and impact of the relief of the PPE
  • Introduction of Inheritance Tax 
  • Impacts of Taper relief impacts
  • It provides an understanding of the payment procedure, administration of National Insurance Contributions and tax. 

Personal Tax Return Study Options

We allot marks of the Exercise Training, and you need to assure your sitting throughout the exam. We provide help through our experts at weekends and evenings. Similarly, we present a flexible study mechanism and dates of the course, start. Our certified and experienced teachers will lead and guide you about the ongoing response, practical learning techniques, and even after your exams as well.

Classroom:

  • Our Specialists and Experts attend face-to-face through a scheduled programme class the in classrooms.
  • Sessions have specific timings during the day.
  • We provide access to our digital online learning resources.
  • We provide workbooks for practising the activities. 

Course Assessment Method

We conduct an assessment to effectively evaluate the learner's capability and knowledge to understand the topics contained within the Tax Accounting course. The course features the completion of module tests.

Besides, at the duration of the programme, students partake an online multiple-choice assessment questionnaire. We will mark multiple-choice test the spot; therefore, grades will be received immediately and know whether you have crossed the course.

Personal Tax Training Fees

We offer the SA-100 training via online and office-based facilities. The prices for both vary. To find out our best deals and costs and get a free course consultation and career support discussion, call us on 02089924506 or fill the form to book a free consultation session. One of our specialist programme experts will call back to you within a working day.

Who is suitable for this course?

All the professionals involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange)

  • Aspirant Bookkeepers or accountants
  • Individuals filing their returns
  • Accountancy Firms
  • Rating Agencies
  • Multi-lateral Financial Institutions
  • Consultancy Firms
  • Law Firms

Why inquire Personal Tax training with KBM?

KBM is a renowned training and recruitment provider with the best Tutors, High-calibre Accountants and Industry Expert provide excellent training and guidance on personal tax. We give applied instruction on Tax return utilising for real businesses also encourages doing CV preparation, mock interview session, and Job-hunting techniques.

Benefits of following KBM include:

  • KBM has approvals to deliver AAT, OCR and NCFE qualifications
  • Industry Certified Instructors deliver training
  • 24/7 Dedicated Learner Support to achieve your career and practice goals
  • Provides detailed education material and real-life scenarios for the full understating
  • We offer exam preparation kit for self-assessment returns
  • Training of On-Demand Software
  • 24/7 online access to Virtual Learning Campus (VLC)
  • Free e-portfolio for the understanding of current performance and training outcomes combined into ACCA academic subjects
  • To register your training, a dedicated e-portfolio in place to cover our London and Birmingham branches
  • We help with the exam booking service
  • To lead you a real-time experience to work and we provide support to establish a work placement 
  • Payment methods include Debit card, Credit card, Bank Transfer, Cash and PayPal
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