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Sage 50 & UK Tax Accounting 2021


Sage 50 is one of the most popular accounting and payroll software systems on the market today, and becoming an expert in using Sage 50 will set you up for success in the tax accounting sector. Enrol on the Sage 50 & UK Tax Accounting course today and enrich your CV. The Sage 50 & UK Tax Accounting course is ideal for anyone looking to pursue a career in tax accounting and will give you the knowledge, confidence and skills you need to use Sage 50 effectively. The Sage 50 & UK Tax Accounting course provides you with a full overview of how to set up Sage 50 and the purpose of using Sage 50 for business. Enrolling on the Sage 50 & UK Tax Accounting course will also allow you to gain a full understanding of the tax system in the UK and the role and responsibilities of a Tax Accountant. Explore tax on individuals, National Insurance, and the fundamentals on income tax. The Sage 50 & UK Tax Accounting course also gives you professional advice on building a career in tax accounting in the UK and what you can expect from working as a Tax Accountant. Enrol on the Sage 50 & UK Tax Accounting course today and learn everything you need to kickstart an exciting and stable career in tax accounting. What Will I Learn from This Sage 50 & UK Tax Accounting 2021 Training: Discover how to set up Sage 50 for your organisation Get a full tour of Sage 50 cloud accounts Learn how to process your VAT return using Sage 50 Understand how to carry out year-end procedures and reports Study the tax system and administration in the UK Learn how to submit a self-assessment tax return Discover how to run payroll and ensure wages are paid Learn about management accounting and financial analysis Why People Enrol this Sage 50 & UK Tax Accounting From One Education: Receive a CPD-accredited certificate upon successful completion of the Sage 50 & UK Tax Accounting course Learning materials of our Sage 50 & UK Tax Accounting course comprises of engaging voiceover and visual elements for your comfort Get 24/7 access to all Sage 50 & UK Tax Accounting course content for a full year Complete the Sage 50 & UK Tax Accounting course at your own pace Each of our students gets full tutor support on weekdays (Monday to Friday) Efficient assessments and instant results upon completion of our Sage 50 & UK Tax Accounting course

SKU: 285984 Category:


Accounting and finance_Payroll_Sage Payroll


This masterclass Sage 50 & UK Tax Accounting online training course is designed by industry experts and will give you an in-depth understanding of this topic. The Sage 50 & UK Tax Accounting course features easy-to-digest modules that break down each topic and ensure all our students receive an unrivalled and thorough learning experience.

If you want to work in this rapidly growing sector and stand out from the competition, then our Sage 50 & UK Tax Accounting is the perfect place to kickstart your dream career.

On the Sage 50 & UK Tax Accounting course, we guarantee that you will gain relevant skills and acquire tremendous knowledge on the subject. The certificate you’ll achieve after completing the Sage 50 & UK Tax Accounting course will help you land the job you want in a related field.

Enjoy a pleasant and professional 100% online learning experience and enrol in our Sage 50 & UK Tax Accounting today and take control of your career!

Course Curriculum:

Here is a curriculum breakdown of the Sage 50 & UK Tax Accounting course consists of the following modules:

**Sage 50 Accounts**

Module 1: Introduction to Sage 50

  • Purpose of Using Sage 50 for Business
  • Setting Up a Company in Sage 50 Software
  • Filling Up the Details

Module 2: System Set-up

  • Tour of Sage 50 Cloud Accounts
  • Editing the Default Chart of Accounts
  • Adding and Editing Bank Accounts
  • Managing Departments

Module 3: Customers, Suppliers and Assets

  • Setting up Customers and Suppliers
  • Creating Projects
  • Entering Purchase Invoice, Credit Note and Purchase Order
  • Entering Sales Invoice, Credit Notes and Sales Orders
  • Entering Fixed Sales

Module 4: Payments, Receipts and Petty Cash

  • Entering Bank Payments and Receipts
  • Internal Bank Transfers, Petty Cash Transfers and Cred Card Transfers
  • Entering Customer Receipts and Supplier Payments
  • Adding Recurring Items (DD/STO etc.)
  • Entering Petty Cash Expenses and Summary

Module 5: Bank Reconciliation

  • Reconciliation of Current Account
  • Reconciliation of Petty Cash Account
  • Reconciliation of Credit Card Account

Module 6: Aged Reports, Payroll and Journals

  • Creating Aged Debtors and Email Statements
  • Creating Aged Creditors Reports
  • Processing Monthly Wage Entries
  • Posting Monthly Payroll Journal

Module 7: VAT Return

  • Preparing Quarterly VAT Return
  • Processing VAT Reconciliation and Posting Journal
  • Submitting VAT Return to HMRC
  • Introducing EC Sales

Module 8: Entering Balances

  • Opening Trial Balance
  • Opening Customer Balance
  • Opening Supplier Balance

Module 9: Year-End Journals

  • Posting Depreciation Journal
  • Posting Prepayment Journal
  • Posting Deferred Income Journal

Module 10: Year-End Procedures and Reports

  • Preparing Budgets
  • Introduction to Cash Flow
  • Introduction to Sage Report Designer

**Tax Accounting**

Module 01: Tax System and Administration in the UK

  • What is Tax?
  • Origin & History of Taxation
  • The Economic Function of Taxation
  • The Social Justice Purpose of Taxation
  • Different Types of Taxes
  • Principal Sources of Revenue Law and Practice
  • HMRC and Its Function
  • Tax Avoidance and Tax Evasion

Module 02: Tax on Individuals

  • Individual Taxes in the United Kingdom
  • Personal income tax rates
  • The remittance basis of taxation
  • Taxation of children
  • Your Rights and Obligations as an Employee and as a Self-Employed Individual

Module 03: National Insurance

  • Overview
  • National Insurance Classes
  • The Amount of National Insurance Payment
  • Importance of National Insurance
  • Tax Codes, Rates and Allowances
  • Topics moved to the next module

Module 04: How to Submit a Self-Assessment Tax Return

  • Overview
  • Who must Send a Tax Return
  • Registering and Sending a Return
  • Deadlines
  • Penalties
  • Changing a Tax Return
  • Returns for Someone Who has Died

Module 05: Fundamentals of Income Tax

  • Overview of Income Tax
  • The Taxable Income Statement
  • Personal Allowances
  • Computation of Income Tax Liability
  • Computation of Income Tax Payable

Module 06: Payee, Payroll and Wages

  • What is the Pay As You Earn (PAYE) System
  • Use of Tax Codes to Deduct Tax Under PAYE
  • Emergency Tax Codes
  • Notice of Coding

Module 07: Value Added Tax

  • Deregistration
  • Accounting for VAT
  • Schemes for Small Businesses
  • Import and Exports
  • VAT Penalties

Module 08: Corporation Tax

  • Introduction to Corporation Tax
  • The Statement of Taxable Total Profits
  • The Corporation Tax Liability
  • Self-Assessment for Companies

Module 09: Double Entry Accounting

  • Basic Terminology
  • Debits and Credits
  • Double-Entry System
  • The Fundamental Accounting Equation and Its Role in Accounting

Module 10: Management Accounting and Financial Analysis

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Statement of Owner’s Equity

Module 11: Career as a Tax Accountant in the UK

  • Responsibilities
  • Salary
  • Working Hours
  • What to Expect
  • Qualifications

Method of Assessment

To successfully complete the Sage 50 & UK Tax Accounting course, students will have to take an automated multiple-choice exam. This exam will be online and you will need to score 60% or above in order to pass. After successfully passing the Sage 50 & UK Tax Accounting 2021 course exam, you will be able to apply for a CPD-accredited certificate.


Once you have passed the Sage 50 & UK Tax Accounting course exam, you will be eligible to apply for a CPD certificate as proof of your new skills and your continued professional development. Certificates are available as a PDF for £9, or you can request a hard copy to be sent in the post for £15.