This course goes through a systematic approach for processing the cycle of tax compliance using PowerTax. There is an emphasis on controls and data/system integrity as well as using the system effectively. The book to tax processing is discussed, including data from the Tax Repairs module.

Topics:

• Data Organization and Navigation
• Maintaining Tax Accounts
• Calculating Tax Basis, Depreciation and Gain/Loss
• Pre-Processing Issues
• Effective Use of Cases
• Preparing Cases for New Activity
• Loading Activity Using Interfaces
• Loading Activity Using Import Tool
• Reporting

Objectives:

At the end of this course, you will be able to:

• Operate and navigate PowerTax
• Demonstrate understanding of PowerTax and the systems capabilities
• Demonstrate understanding of PowerTax data and data organization
• Demonstrate the ability to incorporate new activity into the system
• Review data and verify results

Intended Audience:

New users/managers of the system who require an understanding of depreciation functionality and the overall use of the PowerTax Software.

Additional Information:

Prerequisites: Familiarity with tax depreciation concepts.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Live or Group Internet Based

CPE Credits = 16 credits possible (Tax)