2020 Fundamentals of PowerTax

2020 Fundamentals of PowerTax

About this course

Newly updated for the new tax reform changes, 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

Prerequisite:

Familiarity with tax depreciation concepts. This is a basic level course.

Intended Audience:

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

CPE Credit:

16 CPE credit hours possible (Tax)

Fundamentals of PowerTax

Event Date Spaces left
Fundamentals of PowerTax June 15, 2020, 8:30 a.m. -
June 16, 2020, 5 p.m. PDT
20

About this course

Newly updated for the new tax reform changes, 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

Prerequisite:

Familiarity with tax depreciation concepts. This is a basic level course.

Intended Audience:

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

CPE Credit:

16 CPE credit hours possible (Tax)

Live events

Fundamentals of PowerTax

Event Date Spaces left
Fundamentals of PowerTax June 15, 2020, 8:30 a.m. -
June 16, 2020, 5 p.m. PDT
20