Like tax, courses and study can be tricky at the best of times. Each year we get truckloads of questions about our courses, and we've compiled them here to help you. If you do need more help, send us a message on LiveChat and one of our team can answer your questions directly.
We offer three different courses:
Our course is designed to teach you everything you need to know to professionally prepare different types of tax returns under a registered tax agent.
There is no difference in the tax content, however the main difference would be your reason for applying.
If you are looking for a change of career, a new skill set, looking at getting back into the workforce, the opportunity to work with ITP or just something new, then the class-based courses are the only way to go. Here are the benefits:
The self-paced course is designed for those already working in the tax industry and wanting to ensure their knowledge is up to date. This course is not relevant to those wanting to work for ITP.
The cost of the class-based courses in 2023 will be $495. Self-paced online courses are only $395.
We accept the following payment methods:
We are also the only tax training course to offer payment plans to students.
Yes, the full cost of the course is a tax deduction on next years tax return.
Whilst we would love for you to join our team, all employees must complete a class-based Tax Training Course to work with ITP.
All tax consultants for ITP must successfully complete a class-based Tax Training Course.
Class-based students are required to attend classes twice each week over the 18-week course (no classes are run over Easter).
Self-paced students must finish the course no later than 30th June.
The terms and conditions can be viewed here.
We offer a Virtual Classes course which is run outside of standard business hours, and covers the same content.
No, the content is exactly the same. However in class you will have more opportunities to bounce off the other students during discussions.
The course can be quite challenging. For students in the class-based courses, it is imperative that all of the training sessions are attended, homework completed and reading kept up to date. Students who follow the weekly study program find the course achievable.
We recommend all students allow at least 10-12 hours of self-study at home each week. Class-based courses also include two 2.5hr classes each week, either at an ITP office (In Class course), or online (Virtual Class course).
We highly suggest that you do not miss any classes unless absolutely unavoidable. If you do, it will be your responsibility to complete the online tutorials and submit the required homework and readings to keep pace with the rest of the class.
Yes, but only before the course commences. Once the course commences no transfers will be accepted.
Support for the self-paced course is very limited, but we will try to answer all questions via email.
Yes, the hours you commit to the training course will count towards this requirement.
Job interviews will be conducted for those seeking seasonal employment with ITP. We are always looking for people who have reasonable availability, that can work during the tax season (July to October).
The knowledge learnt in our course is also transferrable, and recognised by other tax agents and accountants throughout Australia.
Students who complete the Self-Paced Online course, will not be offered a job interview, or considered for season employment.
No, ITP is not a recognised training organisation.
Yes, as most of the materials are online you will need access to a computer, preferably a laptop. It is also important to note that our training software is compatible with Windows only, and Apple devices (ie. Macbooks, iPads) are not supported.
Yes, you will need to bring a laptop to each training session. Your laptop MUST be a Windows operating system.
Yes, we provide you with our Wi-Fi password so you can access our online training system.
You will require a computer/laptop with internet access and preferably a microphone, speaker, and webcam.
Learn the different income streams including salary and wage, Centrelink, superannuation and lump sum payments, where they are placed in a tax return.
How to complete the Medicare section of the return and why it needs to be completed, along with the rates, and the Medicare Levy Surcharge.
Here we will teach you the different reports available and used within ITP on a daily basis.
The relation to allowances and their relevant deduction, along with other allowable work-related deductions that are able to be claimed legally.
How and where to claim a deduction for personal superannuation contributions.
Learn the different offsets available that will help reduce the amount of tax your clients have to pay.
Certain items need to be depreciated instead of being claimed as an outright expense. Learn what has to be depreciated and how to claim the depreciable amount.
Learn the two different methods of claiming motor vehicle expenses, and what is required to be able to claim each.
What foreign income needs to be included in the return, and how. Including exempt foreign income, income from rental properties or a foreign pension.
Complete a rental property, what income is to be included, and what expenses can be claimed. Learn what items can be depreciated, as well as with what substantiation requirements are needed.
Learn that on the sale of an asset how it is treated within the tax return (whether it be a profit or a loss) and if tax is payable on that amount, and whether it is exempt from Capital Gains Tax.
Takes a close look at personal services income and all forms of small business income and related taxation requirements.