The Secret Sauce to Accounting & U.S Tax Preparation

The Secret Sauce to Accounting

& U.S Tax Preparation

This course includes:

Self-paced modules

Flexible learning

Certificate of completion

1-year access only

Self- directed learning


Description:

CHAPTER 1 - THE PERFECT STORM OF OPPORTUNITY

  • The Shortage

  • Complexity

  • Government

  • The Time is NOW

    CHAPTER 2 - LEGAL BUSINESS STRUCTURES & TAX RETURNS

    • Doing business in the United States

    • Business Tax Returns

    • Personal Income Tax Returns

    • Amending Returns

    CHAPTER 3 -  FINANCIAL REPORTS & ACCOUNTING

    • Financial Reports

    • Business Methods 

    • Cash vs. Accrual Basis

    CHAPTER 4 -ACCOUNTING SYSTEMS

    • Entering Transactions

    • Startup Accounting

    • Startup entries

    • Off the books transactions

    CHAPTER 5 - RECORD KEEPING

    • Books & Records

    • The DE-Minimis Rule

    • Folder Systems

    • Naming Conventions

CHAPTER 6 - PAYROLL &

INDEPENDENT CONTRACTORS

  • Payroll

  • W2 vs. 1099

  • Registration & Insurance

  • Paying employees

    CHAPTER 7- ACCOUNTING TOOLS & RESOURCES

    • QuickBooks Desktop

    • QBO

    • Waveapps

    • Xero (New)

    • Excel

    • PDF Converters

    CHAPTER 8 - PREPARING TAX RETURNS

    • Form 1120-Corporate Tax Return

    • Form 1120S-S-Corporation Tax Return

    • Form 2553-S Corp Election

    • Form 8832-Entity Classification

    • FORM 4562-Depreciation & Amortization

    • Form 1065-Partnership Tax Returns

    • Form 1040-Personal Tax Returns

    CHAPTER NINE - TAX ISSUES & STRATEGIES

    • Startup Issues

    • Year Ends

    • Active vs. Passive Income

    • Solving Tax Issues

    • Powers of Attorney

    • Tax Notices