Accounting for the tax professional
Includes a Live Web Event on 02/08/2023 at 2:00 PM (EST)
This course will cover the overall aspects of accounting and how they are employed when preparing tax returns when basic accounting principles are used and how they differ from tax accounting. At the conclusion of the presentation the attendees should have gained a better understanding of accounting based financial statements, inventory methods, and the difference between cash and accrual methods when applied to income tax preparation.
At the end of this course, you will be able to:
- Explain various accounting principles without having had any formal background in accounting.
- Identify the many accounting line items and their usage in financial statements.
- Compare book accounting versus tax accounting.
- Interpret and resolve client’s errors when self-kept books and financial statements are maintained by them.
NASBA CE: 1.0 Hour Accounting / 1.0 Hour Federal Tax Law
IRS: 1.0 Hours Federal Tax Law
CTEC CE: 1.0 Hours Federal Tax Law
NSA Webinar Program Level: Basic
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
Kenneth Portera EA, ATP has been preparing taxes for over 30 years and is the founder and owner/operator of Kenneth Portera & Associates LLC a year-round tax preparation and accounting firm which he started in 2009. His practice provides tax controversy representation, tax preparation for individuals, partnerships, corporations, estates, non-profits and gift tax filings. Prior to going off on his own he held positions of CEO, CFO, Treasurer, and Controller for various financial service companies. He holds an undergraduate degree in accounting from Pace University and completed some specialized graduate courses from The New School a NYC University. Ken taught as an adjunct for 13 years in the New York City University system as part of the accounting and finance department and has held positions on the Board of the New Jersey Chapter of the NATP and is a past director of the NJSEA.