Rs. 35,999/
This comprehensive training program is designed to provide you with a solid foundation in U.S.A accounting and taxation, progressing from basic principles to advanced applications. Whether you're an aspiring accountant, a small business owner, or a seasoned professional looking to upgrade your skills, this course offers everything you need to excel.
With hands-on practice in QuickBooks Online (QBO) and QuickBooks Desktop (QBD), you’ll master modern bookkeeping tools and techniques. The course also includes in-depth coverage of U.S.A tax compliance for both individuals and corporations, equipping you with the knowledge to navigate key Internal Revenue Code (IRC) sections and ensure accurate tax preparation.
1) Introduction to Bookkeeping
2) QuickBooks Online and Desktop Mastery
3) Full Bookkeeping Cycle
4) Finalizing Books
5) Fundamentals of Individual Taxation
6) Key Tax Forms
7) Corporate Tax Basics
8) Corporate Tax Forms
- Comprehensive bookkeeping skills Using QuickBooks Online and Desktop
- The full bookkeeping cycle: from transaction posting to finalizing financial statements
- Key principles of U.S.A individual and corporate taxation
- Preparation of essential tax forms for both individuals and businesses
This training bridges the gap between accounting and taxation, empowering you to handle bookkeeping, tax compliance, and financial management tasks with confidence. Whether you’re preparing for a career in accounting or managing your own business, this course equips you with valuable, in-demand skills.
- Aspiring Accountants and Bookkeepers
- Accounting Professionals Looking to Enhance Their Skills
- Entrepreneurs and Small Business Owners
- Finance Professionals Focusing on U.S.A Taxation
This course is suitable for all learners, from beginners to those with prior experience in accounting or taxation. It progresses logically from basic to advanced concepts, ensuring accessibility for all skill levels.
90-100 Hours
4 Months
3 Hours each on Saturday and Sunday Morning
February 15, 2025
Get introduced to essential tax concepts and foundational knowledge necessary for understanding U.S.A tax filings.
Learn how to determine the correct filing statUSA and its impact on tax rates and deductions.
Understand the rules for claiming dependents and how they affect your tax return and benefits.
Explore the distinction between taxable and non-taxable income and how to properly categorize earnings.
Master the treatment of investment income, including interest, dividends, and related expenses.
Learn how to calculate and understand the basis of assets for tax purposes, including adjustments and depreciation.
Understand the concept of capital gains and losses, including the tax implications of asset sales.
Explore tax rules for nonrecognition transactions, including exchanges and transfers of property.
Learn how to report rental and royalty income, along with deductions and credits associated with them.
Master the various adjustments that reduce gross income, affecting your taxable income and overall tax liability.
Learn to differentiate between the standard deduction and itemized deductions, understanding when and how to use each to minimize taxable income. This unit covers eligibility rules, deduction limits, and key expenses like medical, mortgage interest, and charitable contributions.
Discover the various tax credits available to individuals, including eligibility requirements and their impact on reducing tax liability. This unit explores credits such as the Earned Income Tax Credit, Child Tax Credit, and education-related credits to help maximize tax savings.
1. Form 1065: U.S.A Return of Partnership Income
Overview of Partnerships and Filing Requirements
Components of Form 1065 (Income, Deductions, and Schedules)
K-1 Forms for Partners
2. Form 1120: U.S.A Corporation Income Tax Return
Filing Requirements for Corporations
Breakdown of Form 1120 (Income, Deductions, and Taxable Income)
Special Considerations for Corporate Taxpayers
3. Form 1120-S: U.S.A Income Tax Return for an S-Corporation
S-Corporation Election and Eligibility
Differences Between Form 1120 and Form 1120-S
Distributing K-1s to Shareholders
4. Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return
Overview of FUTA Tax Obligations
Preparing and Filing Form 940
5. Form 941: Employer's Quarterly Federal Tax Return
Reporting Employee Wages and Withholding Taxes
Calculating Deposits and Payments
6. Form 1095-C: Employer-Provided Health Insurance Offer and Coverage
ACA Reporting Requirements for Large Employers
Form 1095-C Compliance and Distribution
7. Form 720: Quarterly Federal Excise Tax Return
Types of Excise Taxes and Filing Requirements
Completing and Submitting Form 720
8. Form 5471: Information Return of U.S.A Persons with Respect to Certain Foreign Corporations
Who Must File Form 5471
Key Information and Schedules
9. Form 5472: Information Return of a 25% Foreign-Owned U.S.A Corporation
Filing Requirements for Foreign-Owned Corporations
Details Required for Form 5472
10. Form 8829: Expenses for Business USAe of Your Home
Eligibility and Expense Calculations
Simplified vs. Detailed Method
11. Form 8995: Qualified Business Income Deduction Simplified Computation
Overview of QBI Deduction
Completing Form 8995 for Small Businesses
12. Form 4562: Depreciation and Amortization
Deducting Depreciation for Business Assets
Section 179 and Bonus Depreciation
13. Form 2553: Election by a Small Business Corporation
Filing an S-Corporation Election
Deadlines and Implications
14. Form 8938: Statement of Specified Foreign Financial Assets
FATCA Requirements and Filing Thresholds
Reporting Foreign Financial Assets
15. Form 8996: Qualified Opportunity Fund (QOF)
Overview of Opportunity Zones
Reporting and Compliance for QOF Investments
16. Form 1045: Application for Tentative Refund
Filing for Refunds Using Carrybacks
Key Deadlines and Processes
17. Form 8881: Credit for Small Employer Pension Plan Startup Costs
Eligibility for Startup Plan Credits
Claiming the Credit on Tax Returns
18. Form 8832: Entity Classification Election
Choosing a Business Entity for Tax Purposes
Completing and Submitting Form 8832
Understand the core principles and concepts of accounting essential for advanced practices.
Gain an overview of U.S.A accounting practices and learn the basics of navigating QuickBooks Online.
Explore cash and accrual basis accounting and understand their application in real-world scenarios.
Learn the step-by-step process for recording transactions accurately in QBO.
Master the techniques for reconciling bank accounts, credit cards, and other financial accounts.
Understand how to record and manage fixed assets, liabilities, and loan accounts effectively.
Deepen your knowledge of key account types and their roles in financial reporting and management.
Learn to finalize books for accuracy, ensuring compliance and readiness for reporting.
Apply your skills through hands-on practice with real-world accounting scenarios.