Launch Your Tax Business Strategies For Six-Figure Income

Navigating Business Formation, Tax Preparation, and Tax Law

What you'll learn

Understand the fundamental principles of tax law.

Learn the process of obtaining an EIN and State Tax ID.

Understand how to partner with a bank for your business.

Learn how to use tax software effectively for tax preparation.

Requirements

Basic computer skills, Internet access, A desire to learn, access to laptop or desktop, pen and notebook

Description

Navigating Business Formation, Tax Preparation, and Tax LawThis comprehensive course is designed for aspiring entrepreneurs and business owners who want to understand the critical aspects of business formation, tax preparation, and the complexities of tax law. Whether you’re starting a new venture or looking to optimize your existing business’s tax strategy, this class will equip you with the essential knowledge and tools to navigate the financial landscape confidently.What You Will Learn with this course:Business Formation Basics: Understand different business structures (LLC, corporation, sole proprietorship, etc.) and their implications on taxes, liability, and management.Tax Identification Numbers: Learn how to obtain and manage EINs and state tax IDs for your business.Tax Preparation Fundamentals: Gain insights into the documentation and processes required for accurate tax preparation, including essential forms and deadlines.Deductions and Credits: Explore common business deductions and tax credits that can significantly reduce your tax liability.Tax Law Overview: Familiarize yourself with relevant tax laws and regulations, including changes that may affect your business.Record-Keeping Best Practices: Develop effective record-keeping strategies to streamline tax preparation and compliance.Planning for Future Taxes: Learn how to anticipate and plan for tax obligations in the growth stages of your business.

Overview

Section 1: Comprehensive guide to starting your own tax business

Lecture 1 Introduction Learning Objectives Video

Lecture 2 "Navigating Business Formation: EINs, Naming Your Business, and Tax Preparation

Lecture 3 “Setting Up for Success: Choosing Your Tax Office Location, Hiring Employees, a

Lecture 4 “BSA/AML/CFT and OFAC Compliance for EROs: Navigating Legal Obligations in Tax

Lecture 5 Selecting Bank Products and Tax Software: Ensuring Audit Protection

Lecture 6 Navigating Tax Season: Essential Documents for Tax Preparation

Lecture 7 Understanding E-Filing: Common Reject Codes and Solutions for Tax Season

Aspiring Entrepreneurs, Small business, freelancers and Independent contractors, accounting and finance students, career changers, individuals interested in tax preperation