Description
Prior tax preparation experience/knowledge is suggested for the Small Business I Tax Course. Students normally enroll in this course after completing the Comprehensive Tax Course and working at least one season as a tax preparer. This course is not a webinar.
This year’s edition now include NEW lecture videos! Covering concepts that may be challenging or difficult to understand, these nine videos provide bite-sized learning moments that support the course instruction. The course has been revised and contains pointers you will appreciate as useful, 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.
Course Includes:
- 2 Modules comprised of 28 hours of education
- Reading and Reference Materials
- NEW! Lecture videos reinforce concepts
- Learning Activities
- Real world examples and applications
- Practical Pointers for your own use
- Quizzes & Tests
- Surgent ITS Support by email
- Automatic online grading with feedback on most graded assignments
- PDF downloads for reading materials
- Hard copy books may be purchased at checkout
2024 Small Business I Income Tax Course-Learning Objectives
Practitioners who have a basic understanding in tax preparation can broaden their knowledge base by completing the Small Business I Tax course. This course is designed to educate practitioners 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. Being able to prepare Forms 1065 and 1120S for small businesses operating as pass-through entities brings more varied and lucrative work to the practitioner. This course will enable preparers to be retained for both these pass-through returns and the corresponding personal returns of their owners. Like all Surgent Income Tax School courses, this course is continuously updated with the latest IRS guidance and legislative changes to keep you informed of the latest tax laws. Some of the major topics covered in this course include:
- 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?
Small Business I will help savvy practitioners expand their skill sets and client base.