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Description
If your firm wants the flexibility and efficiency of cloud-based tax software, or is struggling to manage remote employees or software updates, or desires the efficiency of having all the tools you need in a single application, then you should attend this webinar. In this course, you will see a live demonstration of Intuit ProConnect Tax, the most widely used cloud-based tax application for professional tax firms. You’ll learn why many larger firms are switching to ProConnect, which is built on the Lacerte engine but offers the flexibility and power of a scalable, modern solution. We will cover what makes ProConnect uniquely better than other solutions, including features that exceed the needs of a modern high-volume firm to collaborate on returns, review the work of others, work anytime anywhere, and more. See a demonstration of several powerful integrations, including how seamlessly you can transfer QuickBooks into ProConnect, and how you can create custom tax plans in minutes to show clients valuable savings by using tax strategies automatically generated from their ProConnect Tax returns.
LEARNING OBJECTIVES:
Identify the benefits of using ProConnect Tax
Identify time-saving features built directly into the software
Recognize tools in ProConnect Tax to help manage firm workflow and increase productivity especially for high-volume firms
Understand how to import QuickBooks data into a tax return
Identify how the Link client portal gathers client data and imports it directly into the tax return
Understand how to leverage Intuit Tax Advisor to generate tax advisory insights without manual work, quantify savings from various tax strategies, calculate estimated tax payments, and generate summary reports to give to clients
Establish familiarity with features especially valuable for larger firms such as tickmarks for review, batch e-filing, automatic apportionment for business returns, partnership special allocations, robust user notes with user, date and time stamping, and more
Determine how to sign up for ProConnect Tax
WHO SHOULD ATTEND? Tax professionals that are interested in or new to the ProConnect Tax software
CPE & CE: 1
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Description
Preparing business tax returns can be complex, but leveraging ProConnect Tax’s robust features simplifies the process, reduces errors, and increases efficiency. This course provides a guide to handling essential forms, including 1040, 1065, 1041, 1120-S, and 1120. Participants will learn how to confidently enter data, calculate key deductions, and troubleshoot common issues like balance sheet discrepancies. By optimizing these workflows, tax professionals can save time and improve accuracy. This session is ideal for those looking to deepen their understanding of ProConnect Tax and maximize its potential for business tax preparation.
By attending this course, attendees will be able to:
Enter business use of home expenses and apply the simplified method for Form 8829 within ProConnect Tax to ensure accurate calculations for 1040 returns.
Efficiently allocate income and generate K-1 packages for Form 1065 Partnership returns using ProConnect Tax.
Enter officer compensation and shareholder distributions for 1120-S returns.
Resolve common balance sheet issues and apply strategies to suppress unnecessary schedules for various business tax returns in ProConnect Tax.
Who Should Attend?
New ProConnect Tax users familiar with fundamental program concepts and current users seeking to reinforce their understanding of business tax return data entry.
Course Level: Basic
Course Length: 60 Minutes
Delivery Method: Group - Live Internet
Field of Study: Tax - Technical
CPE: 1
CE: 1
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Description
This 60-minute webinar, "Lacerte Fundamentals", is designed for tax professionals considering Lacerte, new users, and current users looking to reinforce core concepts. It provides a comprehensive overview of fundamental program functionalities, including data conversion, creating and managing returns, utilizing eSignatures, e-filing, and accessing help resources. The session will highlight concepts applicable to all tax types within Lacerte, using the Individual 1040 return as an example.
Learning Objectives:
By attending this course, attendees will be able to:
Understand the organization and layout of the Lacerte program.
Apply prerequisite tax preparation knowledge to efficiently prepare and file tax returns across all supported tax types within Lacerte.
Implement key program functionalities to optimize administrative tasks related to tax preparation.
Identify and effectively utilize available resources for program guidance, troubleshooting, and ongoing education within Lacerte.
Field of Study: Non-Technical - Computer Software and Applications
CPE: 1
IRS CE: 0
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Description
Getting started with a new tax software can be a daunting task. This one-hour webinar is designed to provide tax professionals with a solid foundation in the core functionalities of Intuit ProSeries. Whether you are considering a switch, are a brand-new user, or simply need to reinforce your understanding of the program, this session will provide a clear and concise overview of the essential workflows. Join us to learn how to seamlessly convert prior-year client data, confidently navigate the ProSeries HomeBase and key in-return icons, efficiently create and complete tax returns, utilize the integrated eSignature dashboard and electronic filing process, and access the built-in help features and resources. This course highlights concepts applicable across all tax types and provides the fundamental knowledge needed to optimize administrative tasks and get up and running quickly.
Upon completion of this course, attendees will be able to:
Outline the three-step process for converting prior-year tax data from another supported software into ProSeries.
Navigate the ProSeries HomeBase and utilize key icons and program utilities to efficiently prepare a new tax return.
Create and accurately enter data into a new client return, using features such as QuickZoom and the Forms-in-Use list.
Perform the final steps of a tax return, including a final review using diagnostics and alerts, and electronically filing the return.
Identify and access the various help and support resources available within the ProSeries platform.
Who Should Attend?
New users of ProSeries or those considering a purchase of ProSeries.
Field of Study: Non-Technical - Computer Software and Applications
CPE: 1
IRS CE: 0
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Description
As tax professionals, we’re often asked, “Should I become an S Corporation?” The promise of self-employment tax savings can sound like the ultimate destination but the road to 1120-S is filled with key decisions, compliance challenges, and planning opportunities that require careful navigation.
In this session, we’ll explore the full scope of that transition, from making timely elections, reasonable compensation and maintaining compliance unique to S Corporations. Whether you're advising first-time entrepreneurs or seasoned business owners ready for the next phase, this session will equip you with a practical framework to guide clients toward greater tax efficiency and long-term success.
Learning Objectives:
By completing this course, you will be able to advise your clients on navigating the transition to S Corporation status and staying compliant. The instructors will cover critical decisions, compliance challenges, and planning opportunities in the following areas:
Determine S Corporation eligibility: Identify the key IRS requirements for a business to qualify for S Corporation status, including shareholder limits and stock class rules.
S Corporation suitability and election procedures: Assess when an S Corp is appropriate for a client and accurately understand the process for filing Form 2553, including late elections.
Understanding S Corp reasonable compensation and accountable plans: Grasp the IRS's requirements for reasonable officer salaries, and key criteria for compliant accountable plans.
Common S Corporation pitfalls and how to avoid them: Recognize and address issues like passive income limitations and basis challenges.
Who Should Attend?
Anyone who prepares tax returns and advises clients.
CPE: 1
CE: 1