New! 2020 Advanced Professional Tax Filing Course

This new online tax training program is the right one for unusual times in the tax and financial services. Not only does it address the myriad of changes on the 2019 tax return, it also provides an important professional program during an unprecedented health crisis. It is an important training solution for four specific needs:

1. Add a new revenue stream to your existing business.

2. Business owners who may have laid off their staff during the pandemic will want them to keep skills sharp until the health threat subsides.

3. Those who will need to hire new qualified professionals will want them to earn their qualifications in the interim.

4. Unemployed people may wish to do this program to provide subcontracting services to tax, bookkeeping and financial planning professionals.

This course comes to the rescue will all new online quizzes and case studies featuring that are challenging and fun and will delight long time students of Knowledge Bureau who are starving for a new course challenge.

WHY IS THIS COURSE SO TIMELY . The 2019 tax return has a completely new format – it is 8-pages long and features an integration of all the non-refundable tax credits and federal tax credits (the former Schedule 1) into the Jacket. All the line numbers have changed from three to five digits, and there are numerous theoretical changes as well. This program is a critical professional training tool for new and returning staff in light of the extension of the tax filing deadline to June 1 and the deferral of tax payments to August 31.

OVERVIEW. The 2020 Professional Advanced Tax Filing Course for 2019 tax returns is a certificate course that qualifies you to prepare advanced level tax returns for individuals, investors and unincorporated small business owners. Perfect for experienced tax practitioners, it takes a deep dive into the changes on the federal and provincial tax returns, but in addition, provides an advanced theoretic journey into complex investment and small business topics. A detailed table of contents follows.

PREREQUISITES. It is assumed the student has at least one-year experience working with a variety of personal income tax returns or is a new tax preparer working under the guidance and mentorship of an experienced manager of a tax or accounting office. Also perfect for bookkeepers looking for a fast track into the tax filing business as a second revenue source. 

AN ACCREDITED PROGRAM . Completion of this professional online course provides the successful graduate with 30 CE/CPD hours towards meeting CE requirements for Knowledge Bureau designations. This course is one of six in the DFA-Tax Services Specialist™ Designation program . Be sure to take all six courses to earn your prestigious, nationally-recognized credentials.

Additional Educational Options . You might also be interested in these certification courses for your advanced studies:

• Corporate Income Tax Fundamentals
• Fundamentals of Filing Trust Returns
• Business Valuation

YOUR COURSE COMPONENTS – There are 10 lessons with the introduction, each followed with a quiz and an exam.

This online course features your lesson plans, a comprehensive Knowledge Journal and a Research and Practical applications experience featuring audio presentations and podcasts, some of which were recorded in front of a live audience at the CE Summits in Toronto, quizzes, case studies, a Practice Management Thesis which is a review before your examination and access to professional tax software.

RESEARCH ASSIGNMENTS. All students also have access to EverGreen Explanatory Notes. It would be helpful to read the following topics:

1. 2019/2020 TAX FACTS

2. BUDGET 2019 – PERSONAL TAX CHANGES

3. ALIMONY

4. CAPITAL ASSET CLASSIFICATIONS

5.  CAPITAL GAINS ELECTION

6. CARRYING CHARGES

7. COMPLIANCE FACT SHEETS

8. EMPLOYMENT INCOME AND DEDUCTIONS

9. EMPLOYMENT INSURANCE

10. FOREIGN ASSET REPORTING

11. PRINCIPAL RESIDENCE

12. RDSP

13. RRSP

TUITION FEES. Train staff, refresh and retrain your existing staff or refer this course to subcontractors who may wish to help you out when things get busier. The tax-deductible tuition fees are $795.00 per course (taxes extra) and payment is accepted by e-transfer or credit card. Enrol before the end of the month and save $50.

ONLINE GROUP STUDIES. When you encourage everyone in your office to go on to earn their certificate, diploma or designation, there is a special bonus for you: group training discounts of $100 per course are available. A group is two or more people studying together.

RISK FREE TRIALS ARE AVAILABLE . We want you to be sure you make the best educational decision for your time and money.

HOW TO GET STARTED.  Knowledge Bureau’s Cutting-Edge Virtual Campus features 6 Easy Steps to Success in completing your lessons after you enroll online or call our national head office for friendly personal support:  1-866-953-4769

• Step 1: Log on to your Virtual Campus
• Step 2: Review the Lesson Plan for this lesson
• Step 3: Open or print the Powerpoint Presentation for each chapter. You’ll find this under “Research and Practical Assignments.”
• Step 4: Play the audio presentation and follow the speaker as they enlighten and refresh you with key points found through the slides. At any time, you can pause the presentation to review details of the income, deductions or credits in the pages that follow, or open up your Knowledge Journal or EverGreen Explanatory Notes for more information.
• Step 5: Active Reading in your Knowledge Journal. A great way to stay focused as you read through your Knowledge Journal is to be sure that you can answer each of the key questions posed in each Lesson Plan. These questions also make a great review before any quizzes or your exam. If you are unsure of the answers, you will find them in the Knowledge Journal or powerpoint presentations.
• Step 6: Take the multiple-choice quiz to test your understanding of the material in each chapter. As a rule, the questions will test your new knowledge and skills by asking you to apply the rules that you learned to a client situation.

Interested in learning more? Click here for a PDF of the complete comprehensive program guide for this new course.

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UNAUTHORIZED REPRODUCTION, IN WHOLE OR IN PART, IS PROHIBITED.