Small Business Tax Course Part 1

Service Description

Students can broaden their knowledge base by completing the Small Business I Tax course. This course is designed to educate preparers about a variety of tax issues experienced by business entities. This course is ideal for anyone looking to gain a basic understanding of small business tax issues. Small Business I will help savvy preparers expand their skill sets and client base. Course Details Business Entity Types – What is the difference between a Sole Proprietor, Partnership, C Corporation, and S Corporation? What are the advantages and disadvantages of these entity types? Business Income and Expenses – How are certain types of income and expenses reported and accounted for? Business Property – How is business property depreciated and how is this information reported on the tax return? Employment taxes – What forms must be filed for employment tax purposes? Covers solutions using real concepts and practical advice to be applied in your daily work. Our materials concentrate on career advancement and profitability. Relevant updates will also be regularly provided so that you remain informed on your craft. Requirements: Prior tax preparation experience/knowledge is suggested for the Small Business I course. Students normally enroll in this course after completing the Comprehensive Tax course and working at least one season as a tax preparer