Distance learning Courses

IAB accredited Training Provider

Course now available:
IAB Level 4 Diploma in Personal and Business Tax

Personal and Business Tax in the UK is not just being able to complete an Online Self Assessment form. It is believed that 25% of Self Assessmenet forms are not completed correctly. Studying this qualification will give you the indepth knowledge of the UK tax system so you can provide sound tax advice as well as correctly deal with what is currently one of the most complicated tax systems in the world.

With the Your Local Book-keeper Distance learning course, you will receive quality materials, support, a dedicated tutor and the flexibility to study from home at your own pace.

This qualification is primarily designed for anyone taking responsibility for tax computations of individuals and businesses. It is also designed for anyone providing advice to small businesses such as Accountants, Book-keepers, Business Advisors and anyone wanting to become a Tax Consultant.  The first unit will provide an understanding of income tax, capital gains and inheritance tax of employed individuals. On completion of the second unit you will  be able to calculate Corporation Tax computations for UK companies which will include the treatment of capital gains. You will also be able to calculate income tax computations for sole traders.

It has been specifically designed to appeal to those who currently own or manage small businesses or aspire to do so. It may also appeal to individuals who have studied book-keeping and accounting and now require a more detailed and specific undertanding of both person and business taxation.

Registration for the exam, will give you free student membership of the IAB for 12 months

The qualification has been designed to assess the knowledge and application of Personal and Business tax at Level 4 of the National Qualifications Framework.  This level 4 qualification is considered equivilent to a level of a Foundation Degree.

This is now a “on demand” course, subject to the numbers and arrangement through your accredited provider.  This means you may be able to take the exam when you are ready, in addition to the normal exam cycle dates, which are January and June.

Unit One:
Upon the completion of study for this unit it is intended that the candidate will be able to:

• Provide an overview of the system of income tax and the work of the Revenue and Customs
• Appreciate the taxation of employment including ‘Benefits in kind’ and tax codes
• Prepare schedules of property income and investment income
• Prepare income tax computations and calculate income tax payable
• Prepare capital gains tax computations for individuals
• Prepare Inheritance Tax computations
• Understand trusts for tax purposes

Unit Two
Upon the completion of study for this unit it is intended that the candidate will be able to:
• Provide an overview of the system of Corporation Tax and the relationship with income tax and capital gains tax
• Adjust net profit for Corporation tax purposes
• Understand the purpose of capital allowances and be able to undertake calculations in relation to plant and machinery
• Prepare capital gains tax computations for companies
• Undertake Corporation Tax computations
• Appreciate the treatment of trading profits and other issues for income tax

Both Unit one  and Unit two are divided into six modules. Each module should take between 5-10 hours to complete. Each module may be purchased for £45.00 and includes a assessment paper which we will mark for you. No additionally support material will be required which is not freely available on the internet. We will supply all your course work in hard copy to make it easy to learn and allow you to refer back to it, should  you wish to do so in the future. Tutor support is also included. Additionally if the law changes before you complete one of the units, we will supply an updated module completely free of charge!

If you want to find out more about this and other future courses please Contact Us or enrolling now, by buying your first module.  If you are in the Armed Forces and wish to do this course under the ELCAS, please contact us first.

IAB qualifications are recognised professional qualifications and courses are currently available at many college. Additionally IAB qualifications are increasingly being accepted for entry to UK university BA (Hons) Accounting and Finance programmes. But as it is not always possible to study through a college due to other commitments, distance learning is the only other alternative.

Completing and passing the IAB Level 4 Diploma in Personal and Business Tax will allow you to apply for membership of both the International Association of Book-keepers (IAB) and the International Association of Accounting Professionals (IAAP) – which demonstrates to others both the level of your qualification but also that you are serious about maintaining and developing your professionalism. Candidates with no additional qualifications than the IAB Level 4 Diploma in Personal and Business Tax, may apply for Associate grade which entitles them to ise the designatory letters AIAB.

Take a look at www.iab.org.uk and www.accountingprofessional.org and find out about the benefits of Membership of one or both of these international professional bodies.

We are currently developing a number of distance learning courses to assist bookkeepers who wish to join our network and run a branch, but currently do not have sufficient qualifications to do so.

Additionally all professional bookkeepers are required to maintain and increase their professional knowledge. This may be in bookkeeping or additional specialise accountnacy or tax areas, complementary to work they already do.

A professional bookkeeper is not just a “data entry” clerk. They know how to correctly enter the data, and with more and more businesses needing assistance with transactions which may include VAT, multi currency, payroll etc., this is increasing requiring these specialised skills. Hence the increasing need for a professional, qualified bookkeepers.

The courses we are developing will assist in ensuring any bookkeeper has the opportunity to gain or maintain the knowledge and qualifications to be a professional Bookkeeper.