Effective Tax Return and Cash Flow Analysis

The start date for this course has passed. Registration is no longer available.

This course is 8.00 credits
Field of Study
Finance
Course Level
Intermediate
Vendor
California Society of CPAs

Registration Fees

MSCPA-AICPA Member
$245.00
MSCPA Member
$245.00
AICPA Member
$375.00
Non-Member
$375.00
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Friday, Jan 5, 2018
11:30am – 7:00pm

Gain a better understanding of how tax return analysis can help determine an individual's and company's cash flow position. Begin this course with a concentration on personal tax return analysis, including reviewing the 'true' cash flow derived from the 1040 federal tax return (based on the various schedules and K-1 forms) and preparing a personal cash flow from information on the 1040.

Then focus on the analysis of various business tax returns, including the LLC and S and C corp structure; analyze business federal tax returns; and prepare cash flows for these entities. This section will also assess the company's risk factors using business tax returns and review real estate tax issues; retirement plans and HSAs; estate planning issues; and year-end tax strategies.

Dive into updates to the tax code and how they impact personal and business cash flow and learn how to use the tax returns to market the CPA practice.

Materials are provided as an ebook.

Gain a better understanding of how tax return analysis can help determine an individual's and company's cash flow position. Begin this course with a concentration on personal tax return analysis, including reviewing the 'true' cash flow derived from the 1040 federal tax return (based on the various schedules and K-1 forms) and preparing a personal cash flow from information on the 1040.

Then focus on the analysis of various business tax returns, including the LLC and S and C corp structure; analyze business federal tax returns; and prepare cash flows for these entities. This section will also assess the company's risk factors using business tax returns and review real estate tax issues; retirement plans and HSAs; estate planning issues; and year-end tax strategies.

Dive into updates to the tax code and how they impact personal and business cash flow and learn how to use the tax returns to market the CPA practice.

Materials are provided as an ebook.

Designed For

CPAs, CFOs, controllers, financial managers, auditors, financial analysts and practitioners who provide accounting, tax or consulting services to businesses.

Course Objectives

  • Determine an individual’s and company’s cash flow position using tax return analysis to improve cash flow, obtain financing or improve business operation.
  • Calculate personal cash flow using 1040 tax return (including schedules and K-1s).
  • Identify risk factors using the returns
  • Recognize tax code updates and ways to use the tax returns to market the CPA practice.

Major Subjects

  • Individual and company cash flow analysis using tax return analysis.
  • Personal cash flow and the 1040 return.
  • Business tax return and cash flow analysis for the LLC and S and C corp; global or combined personal and business cash flow.
  • Risk factors using the returns
  • Real estate, retirement plans and HSAs, estate planning and year-end tax strategies.
  • Updates to the tax code and use of the returns to market the CPA practice.

Prerequisites

Some knowledge of tax return analysis

The start date for this course has passed. Registration is no longer available.