FNSACC512 Prepare Tax Documentation for Individuals

Categories: Accounting & Tax
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About Course

Learn how to gather, verify, prepare, record, present, and manage lodgement of non-complex income tax documentation for individual clients in line with Australian tax, organisational, and professional requirements.

What Will You Learn?

  • Identify common types of tax documentation for individual clients
  • Gather and verify client income data and supporting records
  • Understand assessable income, taxable income, deductions, offsets and rebates
  • Recognise key ATO, TPB and legislative requirements for individual tax documentation
  • Organise and present non-complex income tax documentation accurately
  • Understand lodgement methods, due dates and payment obligations

Course Content

Gather client income data and verify requirements

  • Introduction
  • The Australian Taxation Office (ATO)
  • Assessable Income
  • Taxable Income
  • Tax-free Threshold
  • Tax Tables
  • Lodging Tax Returns
  • Exempt Income
  • Retaining Business Records
  • The Tax Practitioners Board (TPB) Code of Professional Conduct
  • Medicare
  • Superannuation (Super) Contributions
  • Knowledge check 1: Gather client income data and verify requirements

Identify, record and present client’s non-complex income tax documentation

Manage lodgement of client’s non-complex income tax documentation

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