Tax Agent Certification Course
FNSSS00005 and FNSSS00008
Duration: Up to 12 months
Price: $2,750 up front | $126.92 per week (payment plan)
How it works: Study online. With a difference.
Start date: Immediately, or whenever you’re ready.
Entry requirements: There are entry requirements | RPL available | Some equipment needed
Qualification type: Skill Set
Monarch Institute is one of very few registered training organisations (RTOs) to offer the Tax Practitioners Board approved courses required to become a registered BAS agent or a registered tax agent.
Monarch Institute is one of very few registered training organisations (RTOs) to offer the Tax Practitioners Board approved courses required to become a registered BAS agent or a registered tax agent.
Tax Agent certification
Nationally recognised
Access to Access Tax software
Free membership to the IPA
Course Summary
Monarch Institute is one of very few registered training organisations (RTOs) to offer the Tax Practitioners Board approved courses required to become a registered BAS agent or a registered tax agent. We’re also included in a very select few accredited training providers listed by the world’s largest bookkeeping institute, the Institute of Certified Bookkeepers. In other words, they’re fit for what the industry is looking for.
Courses are delivered by skilled professionals, senior CPA and chartered accountants, registered BAS agents and bookkeepers. They have decades of combined experience across an extensive range of industries.
Study accounting or bookkeeping with us and you’ll get practical training that makes use of industry leading software. It’s all about making you job-ready from the moment you graduate.
This course is designed as a bolt-on option for those who want to work as registered tax agents.
Registered tax agents are professionals who are licensed to prepare and lodge tax returns. They can also provide some other services described as ‘tax agent services by the ATO. Agents have to comply with strict laws about what they can do, and the standard of work they have to maintain. As a registered tax agent, you could help individuals and SMEs (small/medium businesses) to meet their tax obligations and get the best tax return possible.
IMPORTANT: Further requirements for becoming a registered tax agent
This course is designed to be completed within 12 months.
Students who are highly motivated and well organised can complete the full course at an accelerated pace.
The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are!
Study online. With a difference.
You’ll get:
Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, video)
A dedicated admin team on hand to guide you
Online assessments
Student Facebook group
How does it work?
This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.
What support will I get?
Your trainer will be happy to contact you via phone, video call, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.
Do you offer corporate workshops?
Yes. We’re the corporate training partner of choice for several large organisations. Our trainers can also conduct onsite training for groups of six staff or more. Corporate workshops can be scheduled for any location in Australia. Got a new satellite office with staff in need of training? Running a training retreat in an idyllic location (yes please!)? Our trainers can be there.
Corporate workshops are tailored to your organisation’s needs. Get in touch with our friendly course consultants for more information.
Assessment formats include:
Case studies
Multiple-choice questions
Short-answer questions
Calculation questions
Roleplays – video self-recording and upload of the file
TAC online supervised assessments
The Tax Practitioners Board (TPB) requires students to complete online supervised assessments. You will be able to book into a Teams session where Monarch invigilators will supervise you completing your assessments.
Immediately, or whenever you’re ready.
Get in touch about enrolling
"The assessors were very thorough in what they require for me to achieve competent level. Overall, it was a great experience to study Tax Agents Certification course."
- M.Y., Tax Agent Certification Course graduate
Entry Requirements
We require you to have at least a Diploma of Accounting.
To make sure you get the most out of training with us, the following enrolment process applies:
Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
For students without an equal or higher level qualification, there’s a short language, literacy and numeracy quiz you complete online.
We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.
You will need access to the following equipment to successfully complete the course:
Working computer with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required
Take the short quiz to see if this course is right for you.
Pathways
The pathway to becoming a registered tax agent requires you to complete this Tax Agent Certification (TAC) module. It also requires you to complete (or have completed) the FNS50222 Diploma of Accounting, or FNS60222 Advanced Diploma of Accounting, or equivalent higher accounting qualification. Our Diploma of Accounting allows you to add TAC as an additional module.
There are entry requirements stipulated by the Tax Practitioner Board (TPB) before becoming a registered tax agent. Please refer to the section above titled 'career opportunities' which outlines this.
If you’re looking to study part courses in accounting, Monarch Institute are proud to offer the following part courses:
Our full accounting courses also include:
Units
The Tax Agent Certification course is nationally recognised as the FNSSS00005 Commercial Law for Tax Agents Skill Set and FNSSS00008 Tax Law for Tax Agents Skill Set (Tax documentation).
Please note, FNSACC522 is a prerequisite for FNSACC601.
In total, you need to complete five nationally recognised units of competency.
Module 1
Australian taxation law
FNSACC522 Prepare tax documentation for individuals
FNSACC601 Prepare and administer tax documentation for legal entities
TPB codes: MTL001 / MTL002
Module 2
Commercial law
FNSTPB503 Apply legal principles in contract and consumer law
FNSTPB504 Apply legal principles in corporations and trust law
FNSTPB505 Apply legal principles in property law
TPB codes: MCL001 / MCL002/ MCL003
Tax Agent certification
This course comprises TPB approved courses in Australian taxation law and Commercial law, which are required to meet one component of the TPB’s education requirements.
To become a registered tax agent, you will need to complete this Tax Agent Certification (TAC) module in addition to your FNS50222 Diploma of Accounting to meet the TPB education requirements. Alternatively, the FNS60222 Advanced Diploma of Accounting automatically includes the TAC module within the course. Our ‘career opportunities’ section outlines the TPB experience criteria required to become a registered tax agent.
Access to Access Tax software
When you enrol in this course you’ll get access to Access Tax software. It’s the leading tax preparation software used by the Australian accounting profession.
This software will walk you through preparing tax returns for various entity types including individuals, partnerships, and companies.
Free membership to the IPA
Get free student membership into the Institute of Public Accountants (IPA) when you enrol.
Membership gives you access to wide range of resources you can use to help kick off your career. Click here to learn more.
Nationally recognised
The units of competency in this course are nationally recognised under the Australian Qualifications Framework. You may be able to use them as part of a pathway to a university qualification. Before you enrol with us, it’s a good idea to check with the university you’re thinking of applying to as to whether they’ll give you credit for the units you complete.
Tax agent training. For the real world.
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