Featured Course: Introduction to Corporate Tax Preparation

PROGRAM: Tax Services Specialist, Business Services Specialist

The focus of this course is to provide the preparer with an understanding of the business issues and tax options that underlie the taxation of corporate income, so that the return can be prepared accurately, tax is minimized and planning opportunities are identified on a timely basis. It is recommended that students take the Tax Preparation for Proprietorships course as a prerequisite to this course.

CONTENT DESCRIPTION AND KEY CONCEPTS:

This course serves as an introduction to the preparation of a corporate income tax return. This course is up to date for current T2 returns and contains all known changes to rates through to 2012. It includes case studies by chapter, introducing the students to variety of filing scenarios, and ends with a comprehensive case study, in which the student prepares an actual return using tax software. The course also includes a practice exam which has marked questions to allow the student to preview their performance, but they don't count to the final grade.

CERTIFIED SKILLSETS. Basic tax planning concepts, both for the corporation and its shareholders, are identified. Students will learn how to print out the T2 jacket, completion of the Identification Section, complete the GIFI, complete the S1, S2, S3, S4, S6, S7, S8, S10 and prepare case studies in T2 preparation and assist owner-managers with simple planning scenarios.

PRACTICE MANAGEMENT THESIS: Tax changes for the most current tax year included online, together with short answer and case study questions using leading edge software including:

• ProFile Professional Tax Suite
• DT Max Tax Software
• EverGreen Tax Research Software
• The Marginal Tax Rate Calculator
• Tax Return Estimator
• Corporate Tax Interview Checklist

"Excellent course, the material is well written, clear and concise. An excellent course for learning and building a foundation for corporate tax. EverGreen is a great tool for finding information and increasing your knowledge on tax. The learning experience of this course for me was excellent as the material was easier to read than any other tax textbook that I have used. I am able to use the knowledge taken from the course and apply it to my work. Everything was easy to use and find. I like the fact that I was able to print extra material if needed but could read it on the computer."
- Todd W., AB