DMT612 Professional Preparation PRACTICAL TAX. Practical Tax Seeing yourself as a business means taking responsibility for all aspects of your career,

Slides:

Advertisements

Similar presentations

ENTREPRENEURSHIP (Ms. Hawkins)

Advertisements

Your Path to Financial Security Conference Title and Date Speaker Name, Title.

STEILACOOM HIGH SCHOOL High School and Beyond Plan Your Name Here GRADUATING CLASS OF 2015.

WHAT IS ACCOUNTING? Accounting is the identifying, recording and communication of financial events that affect a company.

Overview of Site. New Home Page Roles Middle School Role.

4.01 Accounting and Finance. What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.

Treasurer Club Officer Training.  Treasurer Role  Treasurer Responsibilities  Treasurer Education Resources Treasurer.

Standard 2: Functions of A Business EQ 1B: What are The Careers in The Accounting and Finance Field?

Financial plan = road map 1. Simple 2. Uses realistic income and expense estimates 3. Reviewed periodically 4. Adjusted to reflect changes.

Section 6.2 Track Income and Expenses.  Goals: Describe how to set up an effective filing system for your records. Explain the difference between fixed.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 13-1 CHAPTER 13 OBJECTIVES PAYROLL ACCOUNTING, TAXES, AND REPORTS DEFINE ACCOUNTING TERMS RELATED.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 12 SLIDE Financial Planning Financial Records.

LESSONS ENTREPRENEURSHIP: Ideas in Action© SOUTH-WESTERN PUBLISHING Chapter 11 RECORD-KEEPING AND ACCOUNTING Set Up a Record-Keeping System 11.2.

Section 6.2 Track Income and Expenses.  Goals: Describe how to set up an effective filing system for your records. Explain the difference between fixed.

Table of Contents Session 1 — Getting Started What Kind of Spender Are You? Wants vs. Needs — Creating Good Spending Habits Avoiding Budget Killers Session.

Personal Finance BF05 This course prepares students to understand economic activities and challenges of individuals and families,

SUCCESSFUL BUSINESS PLANNING FOR ENTREPRENEURS © South-Western Thomson Chapter 15Slide 1 CHAPTER 15 Capitalization and Financial Projections OBJECTIVES.

THE ACCOUNTING CYCLE FINANCIAL TRANSACTION OCCURS RECORD TRANSACTIONS IN GENERAL JOURNAL POST TO THE GENERAL LEDGER RECORD ADJUSTING ENTRIES IN GENERAL.

Information taken from financeintheclassroom.org Managing Your Money with a Checking Account.

Keeping Tabs On Your Cash. Lesson Goals: Entrepreneurs will learn: –Basic elements of a record keeping system –Records needed to meet tax requirements.

Ch. 19- Balancing Act. Priorities- things most important Maintaining balance – Take charge of time – How do you use your time? Learning: – Get more out.

Accounting: Financial Statements!! BBI 2O1. The Balance Sheet Shows a business’s financial position on a particular date The Balance Sheet Equation –

Mrs. Van Huss Career Title: Accountant Period 5 October 3, 2012.

TOPIC 7 UNIT 1 Concept of a Cash Receipts Journal (CRJ) for a service business.

Discover … The World of Work Part 2 16 Career Clusters.

WORK. You’ll probably spend at least 1/3 of your life at work … maybe 1/2.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-3 Preparing Payroll Records.

The need for record keeping. Why is it important to keep records? 1. Provides Necessary Financial records Increase efficiency Increase Profitability.

Checking Savings BANKING. Checking Account 90% of transactions involving money are made through some form of debit.

Unit 1, Lesson 2 Vocabulary. Income The money people earn for their work 2.

2.5 Cash receipts and payment records

Planning for Profit Treasurers Training. Session Plan What is budgeting and why do it? How to plan for profit and tools you can use. Activity: Planning.

What would you do? Chapter Six -- Savings. What is the "Fiscal cliff"?

Personal Budgets. A personal budget… is a plan for raising and spending your own money. tells you exactly where your money goes. helps your expenses meet.

Career Clusters Scarlett Tyndall. Business, Management & Administration Picture Here.

Business Technology Mr. Bernstein Greene, pp Recordkeeping for Businesses December 11, 2013.

Entrepreneurship Mr. Bernstein Preparing Financial Statements, pp December 2015.

Personal Finance Chapter 6

Module #6: Managing Your Practice. Lesson One: Financial Management Describe the pros and cons of hiring professional bookkeeping or accounting services.

Keeping Tabs On Your Cash. Records Provide Information About profitability To make sound business decisions To set profitable prices To alleviate financial.

BUDGETING Chapter 6. True or False ä Financial success depends on luck more than planning. ä Spending small amounts of money now will not affect your.

Unit 1 – Fundamental Accounting Practices. I Want To Know 1)WHAT IS YOUR NAME 2)WHY DID YOU TAKE THIS CLASS? 3)ONE INTERESTING THING ABOUT YOURSELF.

Accounting and Record Keeping It’s Your Business, Take Control… Bottom Line Solution

Date: Tuesday March 25 th 2014 Aim: How can you prepare for your retirement? Do Now: Why is it important to invest in a retirement fund? When should you.

Accounting Cycle.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 16-1 Recording Adjusting Entries.

Treasurer Club Officer Training.

Chapter 18 Section 3 Completing the Work Sheet and Journalizing and Posting the Adjusting Entries $ $ What You’ll Learn How to complete the Adjusted Trial.

$ $ $ $ Section 3 Financial Reporting for a Publicly Held Corporation

Chapter 18 Section 2 Adjusting Supplies, Prepaid Insurance, and Federal Corporate Income Tax $ $ What You’ll Learn Why the Supplies, Prepaid Insurance,

Local offices and institutions supporting small businesses

Accounting courses in Chandigarh CBitss Technologies SCO , Level 3,Near Passport office,Sector 34 A, Chandigarh /

ACC 100 Innovative Education-- snaptutorial.com

LESSON 12-3 Preparing Payroll Records

LESSON 12-4 Preparing Payroll Checks

Treasurer Club Officer Training.

Register for an NSLSC On-Line Services Account

Money Management Grand total: $, Retirement total: $, Retirement

Professional Learning: Moving from Compliance to Engagement

EFFECTIVE STUDY HABITS.

LESSON 7-1 Preparing an Income Statement

LESSON 12-3 Preparing Payroll Records

Thing / Person:____________________ Dates:_________________

Record your QUESTIONS as your read.

Treasurer Club Officer Training.

LESSON 12-3 Preparing Payroll Records

Presentation transcript:

DMT612 Professional Preparation PRACTICAL TAX

Practical Tax Seeing yourself as a business means taking responsibility for all aspects of your career, not least money and financial planning, income, outgoings and taxes.

Register your new business

Session Links

Close Tax doesn’t have to be taxing, but you do need to get into the habit of keeping records, keeping receipts and keeping your accounts up to date. Do this and it’s far less likely that you’ll go wrong.