Payroll and Taxation Management

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Course Overview
Course Objectives
Exam and Assessments
Course Schedule
CTS Support
Additional Information

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.

 

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

 

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.

 

Course Offering

DaysTimeDurationTuition CostLecturer
Tuesdays & Thursdays 5:30pm to 8:00pm 4 weeks $1000.00 Mrs. Reena Ragbir-Gunness

 

Class Schedule

NoStart DateEnd Date
1 Tuesday 21st November 2017 Thursday 14th December 2017
2 Tuesday 23rd January 2018 Tuesday 15th February 2018
3 Tuesday 20th March 2018 Thursday 12th April 2018
4 Tuesday 15th May 2018 Thursday 7th June 2018
5 Tuesday 10th July 2018 Thursday 2nd August 2018
6 Tuesday 4th September 2018 Thursday 27th September 2018
7 Tuesday 30th October 2018 Thursday 22nd November 2018

 

Fees

Fees payable to CTS College is TT$1,000.00.  Payments can be made via cash, credit card, linx or cheque. A payment plan is available.

 

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 with over ten years working experience in Accounting, Management, Administration and Customer Service.

 

Mrs. Gunness is currently a full time teacher 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. She also offers career guidance to individuals seeking assistance in choosing a career to pursue.

 

Programme Manager
Mr. Jude Bernard
Phone: 796-2140
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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

 

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Upcoming Events


BABA Information Session

Start Date: Saturday 7th April, 2018

Time: 11:00 am - 12 Noon

Venue: CTS College

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Free MBA Information Session

Start Date: Saturday 12th May, 2018

Time: 10:00 am - 11:00 am

Venue: Hyatt Regency

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