Updated to 2013 Tax Returns!
Achieve double-digit returns in your plans for Real Wealth Management™ with your clients with our T1 Professional Tax Preparation – Basic course. Learn to prepare returns using 3 popular tax software programs, too! Check out our cool new Virtual Campus as well. Call to enrol on June 26 and save $200! 1-866-953-4769.
"Well planned, well delivered, and thought provoking. The course content is excellent. All aspects covered are certainly used in the Tax Preparation industry. The text was also well written which made study a pleasure. I feel that the knowledge I gained will be beneficial to my employer, and to the firm I work for. The self study process let me dig in at a pace I can fit into my day and around my family and work environment. Online testing makes this possible which I love. Student support was excellent. I did have the odd question here and there, and I was very pleased with the speed to which a response came. This is the sign of a top notch education supplier! The value to the learning experience is excellent. The depth of information, although this is just an introductory course was right on track with the industry. I did not feel that any of the information I learned would not be of use, and in fact, it made me want to learn more! As well the questions were not too easy, you had to think through them as you entered into the case study work. This is very much the mindset that is needed to work in the Tax Preparation industry. Every return is like a puzzle to solve."
– Karen Shirley, SK
T1 Professional Tax Preparation – Basic
Tax Planning
By: Evelyn Jacks, Walter Harder
PROGRAM: Tax Services Specialist
Tax preparation is always timely, as it is the taxpayer's legal right and duty to file a tax return for the entire family to the best benefit of the unit as a whole. But from a tax and financial planner's point of view, it is critical to know the mechanics of tax preparation as a prerequisite to tax efficient financial planning. If you don't know tax, you're missing double-digit returns in your plans for real wealth management with your clients.
CONTENT DESCRIPTION AND KEY CONCEPTS.
This course introduces a proven process for consistently accurate T1 tax preparation services with a professional client interview and documentation management system, as well as a thorough understanding of tax preparation for the five anchor profiles upon which every personal tax return is based:
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credit filing,
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employees,
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married with variations,
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investors and
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seniors.
The course is perfect for new owner-managers who require a train-the-trainer manual, as well as new entrants into the tax preparation market including new seasonal staff in a busy tax accounting office. The course will train your staff on tax preparation services and includes the latest tax changes for the upcoming tax year. Professional tax preparation and research software (student version) is included as one of the course components.
CERTIFIED SKILLSETS. The student will be exposed to a broad range of personal income tax topics in common scenarios, each featuring short answer and true-to-life case studies which overview the basic elements of the tax return and the details behind claiming income, deductions and tax credits on most lines of the personal tax return. The student will be able to competently prepare basic personal tax returns.
Methodology:
The student prepares case studies using the income tax software of their choice and researches tax questions using EverGreen Explanatory Notes. For students who don't have their own software, student versions of ProFile and DRTax T1 software are available for download.
The Student will also be required to know the details of three appendices:
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The T1 General Return and Schedules,
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The T-Slip Entry Guide,
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EFILE Instructions.
Tools available for use with clients include:
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The Permanent File Document Sorting Checklist,
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Year-Round Receipt Sorting Checklist,
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Current Year Data Entry Checklist,
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Family Tax Filing Worksheet,
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Inter-Family Investment Tracking form,
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Tracking and Calculating CCA Worksheet,
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Auto Expense Worksheet,
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Home Office Worksheet
KNOWLEDGE BUREAU TOOLS INCLUDED:
MARKS ALLOCATION:
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Quizzes |
25% |
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Case Studies |
50% |
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Final Exam |
25% |
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Passing Grade |
60% |
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Honours Achievement |
90% |
Help & Contact: 1 866 953 4769