Identifier: 82721161

Duration: 10 hours

Subscription Period: 365 Days

Language: English

Cost: NZD 317.42

 

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Overview

Learn the essentials of preparing business activity statements (BAS). Starting with the basics you will work through the various information required to complete a BAS, before practising your skills by actually completing sample BAS paperwork.

Key topics:

  • Basics of GST
  • Working with a BAS form
  • Calculation options for GST
  • PAYG withholding and PAYG instalment
  • FBT instalment
  • Other labels on the BAS
  • Calculate net liability
  • Tips and traps
  • Completing the BAS - group and individual

This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

Objectives

A. Monthly GST payer and quarterly GST payer – reporting quarterly

  • Calculate total sales for a business in a tax period
  • Calculate GST collected on supplies and GST paid on purchases
  • Calculate export supplies and other GST-free supplies
  • Calculate capital acquisitions and other acquisitions

B. Quarterly or annual GST payer – reporting annually

  • Calculate total sales for a business in a tax period
  • Calculate the GST collected on supplies and GST paid on purchases

C. Quarterly GST instalment method

  • State how the ATO will calculate the GST instalment to be paid each quarter
  • Calculate a varied instalment from information supplied

D. Other BAS or IAS information

  • Include PAYG withholding information on the BAS or IAS
  • Calculate a PAYG instalment using the ATO instalment rate method or a varied rate
  • Calculate a PAYG instalment using a GDP-adjusted PAYG instalment amount
  • Calculate a varied PAYG instalment amount
  • Calculate a varied FBT instalment

Audience

This course is designed for those in tax accounting roles with responsibility of preparing income tax returns and BAS statements whether for an organisation or client.

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