Small Business I Course Description:
• 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• If you are comfortable with your knowledge of individual tax return preparation, the next step is Small Business I Income Tax Course.
• This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle partnerships and corporations.
Course Materials/Resources:
• Small Business I Income Tax Course Manual, by The Income Tax School
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers
Teaching Method:
Online
Availability:
This Course is available now for the 2008 Tax Law (a tax law update is available at year-end when the new 2009 tax law has been finalized) Term:
4 months from date of registration.
CPE Credit Eligibility:
30 hours of CPE Credit.
Topics Include:
• Business Types
• Accounting Methods
• Financial Statements
• Business Income
• Schedule C
• COGS/Inventory
• Depreciation
• Section 179 Deduction
• Contractor vs. Employee
• Sale of Business Property | • Partnerships
• Corporations - C, S, LLC
• Employee Taxes
• Excise Taxes
• Estate Taxes
• Extensions
• Estimates
• Employee Benefits
• Retirement Plans |
Small Business II Description:
• Part II of the to Small Business Course with a total of 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• If you are comfortable with your knowledge of individual tax return preparation, the next step is Small Business II Income Tax Course.
• This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle business returns with knowledge and confidence.
Course Materials/Resources:
• Small Business II Income Tax Course Manual, by The Income Tax School
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers
Teaching Method:
Online
Term:
4 months from date of registration.
Topics Include:
• Understanding the Balance Sheet
• Partnership Issues
• Corporation Issues
• General Business Credits
• Tax Issues Related to Buying a Business
• Sale or Liquidation of Business
• Profit or Loss From Farming - Schedule F
• Amended or Corrected Business Returns
• What to Do When You Owe the IRS?
• Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.
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