Learning Objectives

On completion you will be able to:

• demonstrate understanding of the information required to complete tax returns for sole traders, partnerships and incorporated businesses
• recognise trading profits, making adjustments and applying the current relevant legislation to enable them to accurately prepare the required computations to support the completion and submission of the tax returns to the statutory authorities

Learning Outcomes

• Understand the impact of legislation and legislative changes.
• Understand tax law and its implications for unincorporated businesses.
• Understand tax law and its implications for incorporated businesses.
• Understand how to treat capital assets.
• Prepare the relevant pages of a tax return for an unincorporated business and accurately produce the computations to support this.
• • Correctly complete corporation tax returns with all supporting computations for incorporated businesses.