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Payroll & Taxation Management

Payroll and Taxation Management

Overview

Payroll is a significant company expense and is subject to various legislation, so the organization must ensure that the payroll process is accurate and reliable. Accurate payroll processing benefits not only the company but also the employees and third parties who rely on the payroll system for payment.

This course focuses on the various elements of income tax legislation and includes numerous workshops on calculating employees' pay and employers' payments such as VAT, green fund and business levy.

Target Audience

This course is ideal for persons who are responsible for the payroll function in any organization as well as small business owners or persons wishing to start their own company or persons interested in knowing about payroll and taxation or wishing to calculate their own tax.

Course Objectives

Participants will learn about:

Time Sheet

  • Introduction to Time Sheet
  • Calculation of hourly wages and overtime
  • Completion of Time Sheet

Payroll

  • Introduction to Health Surcharge (H/S) and NIS
  • Calculation of H/S and NIS rates
  • Weekly payroll
  • Monthly payroll
  • Pay slips

The PAYE System

  • Introduction to PAYE
  • Calculation of PAYE
  • Completing a Payroll with PAYE Deductions

Completion of Tax Forms

  • Filling out and completing NIB Forms (NI 184 & NI 187)
  • Filing out the BIR Form - (Payment Description Slip)
  • Completing the TD4 Form

Value Added Tax (VAT)

  • Introduction to VAT
  • Understanding VAT
  • VAT Calculation
  • VAT payable and refundable
  • Completion of the VAT Return Form

Green Fund and Business Levy

  • Introduction to Green Fund and Business Levy
  • Calculation of Green Fund and Business Levy
  • Green Fund and Business Levy Payment

Ethics and Motivation

Delivery Mode

Online Classes

This course will be delivered via live online classes. Students who have successfully enrolled in the course will be provided with a link to join the class as well as other relevant instructions at least one day before the start of the class. These classes are also recorded; therefore, students have the option to review the course content as often as they like.

Course Schedule

Course Offering

Day Time Duration Contact Hours Cost Lecturer
Tuesday, Thursday 08:00 pm to 09:30 pm 5 weeks 15 hours $1,500.00 Mrs. Reena Ragbir-Gunness
Saturday 10:00 am to 12:00 pm 8 weeks 17 Hours hours $1,500.00 Mrs. Reena Ragbir-Gunness

Session - Tuesday, Thursday (08:00 pm to 09:30 pm)

Session Start Date End Date
Session 1 - Online Classes Tuesday, July 11, 2023 Thursday, August 10, 2023

Session - Saturday (10:00 am to 12:00 pm)

Session Start Date End Date
Session 1 Saturday, September 16, 2023 Saturday, November 4, 2023
Session 2 Saturday, January 27, 2024 Saturday, March 16, 2024
Session 3 Tuesday, May 7, 2024 Tuesday, June 11, 2024
Session 4 Tuesday, July 16, 2024 Tuesday, August 20, 2024
Session 5 Tuesday, October 1, 2024 Tuesday, November 5, 2024

Assessment

Mock Exam

Students would be allowed to do a mock exam. The purpose of the mock exam is to prepare the student for the final exam and review the topics covered in the course.

Final Exam

All students are required to sit a written final exam. A certificate of completion will be awarded to all students who have passed the examination.

Student Support

Facilitator

Mrs. Reena Ragbir Gunness

Mrs. Gunness has completed studies in Human Resource Management, Strategic Management, Finance and Marketing. She is the holder of a BA (Hons) Degree in Business Management. Two Diplomas in Educational Psychology and Life Coaching.

Mrs Gunness has +20 years’ experience in aviation, office supplies, mail processing, HR, education, training & development, Accounting, Management, Administration and Customer Service, +10 years work experience in business consultant and career coaching.

Mrs. Gunness is passionate about teaching and believes that her true purpose in life is to educate and uplift others through teaching; her students could attest to this as they have always praise her for her patience and excellent delivery of the course.

Mrs. Gunness enjoys teaching, motivating and encouraging her students to excel and succeed in their chosen endeavour. Imparting her skills and knowledge to her students is her main objective.

Programme Management

The programme management team is responsible for the management of the course. If you would like further information or would like clarification on this programme please contact:

Ms. Kelly Ann Bholasingh
Programme Manager
Phone: (868) 360-3209

E-mail: certifications@ctscollege.com

Additional Information

Materials

A soft copy booklet which covers all aspects of this course will be made available to all participants. All exercise worksheet will be provided for this course.

Prerequisites

No formal prerequisites required.

Cost

Fees payable to CTS College is TT$1,500.00. Payments can be made via cash, credit card, linx or cheque. A payment plan is available.

We are an ACTT recognised institution and partner with international awarding bodies

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