BUSINESS TAX ACCELERATOR

Tax Knowledge + Software Application

From Financial Statements to E-File

Want to increase your earning potential, learn a new skill set, expand your services, and open the door to a new client base?

The TaxSensePro Business Tax Accelerator is an intensive, hands-on training program designed for tax professionals who are ready to move beyond individual tax preparation and develop the skills needed to prepare business tax returns.

This is not simply a tax software demonstration.

Throughout 8 live sessions, we'll combine business tax knowledge, financial statement analysis, return preparation, and hands-on software application so you understand not only where information goes—but why it goes there.

You'll learn how to take a business client from:

CLIENT RECORDS → FINANCIAL STATEMENTS → REVIEW & RESTRUCTURING → BOOK-TO-TAX ADJUSTMENTS → TAX RETURN → RECONCILIATION → REVIEW → E-FILE

Go Beyond the Refund Mindset

Preparing business returns requires a different way of thinking.

With many individual taxpayers, the conversation often centers around:

“How much is my refund?”

Business owners are more likely to ask:

“What is my tax liability?”
“Why do I owe?”
“How does my business affect my personal taxes?”
“What can I legitimately do to manage or reduce my tax liability?”

We'll help you make the transition from simply preparing an individual return to understanding the bigger tax picture of a business owner.

Understand How the Business Connects to the 1040

A business return doesn't always end with the business.

You'll learn how business activity can ultimately affect the owner's individual tax return.

We'll follow the tax information from:

BUSINESS BOOKS → ENTITY RETURN → SCHEDULE K-1 / OTHER OWNER REPORTING → INDIVIDUAL 1040 → TAX LIABILITY

You'll see how the pieces connect across:

Sole Proprietorships
Schedule C → Form 1040

Partnerships
Form 1065 → Schedule K-1 → Form 1040

S Corporations
Form 1120-S → Schedule K-1 → Form 1040

• shareholder wages where applicable

C Corporations
Form 1120 → Corporate-level taxation, with separate tax consequences for amounts paid or distributed to owners as applicable

The goal is to help you understand the entire tax picture—not just one return sitting in front of you.

What You'll Learn

Business Tax Foundations

Understand business entity classifications, filing requirements, return structure, and the differences between:

Form 1065 — Partnerships
Form 1120-S — S Corporations
Form 1120 — C Corporations

Financial Statement Analysis & Restructuring

Learn how to work with:

✓ Profit & Loss Statements
✓ Balance Sheets
✓ Trial Balances
✓ General Ledgers
✓ Chart of Accounts
✓ Prior-Year Financial Information

You'll learn how to review, restructure, map, and organize financial information for tax-return preparation.

Books-to-Tax

Learn how to identify and work through:

✓ Book-to-tax differences
✓ Reclassifications
✓ Nondeductible expenses
✓ Owner/shareholder activity
✓ Contributions & distributions
✓ Loans
✓ Equity accounts
✓ Common bookkeeping issues that affect the tax return

Depreciation & Fixed Assets

Learn the fundamentals of:

✓ Capitalization vs. expensing
✓ Asset classification
✓ Depreciable basis
✓ MACRS
✓ Section 179
✓ Bonus depreciation
✓ Business-use considerations
✓ Prior-year depreciation schedules
✓ Current-year asset additions
✓ Asset dispositions
✓ Form 4562
✓ Fixed-asset reconciliation

Partnership Returns — Form 1065

Work through concepts including:

✓ Partner information
✓ Contributions & distributions
✓ Guaranteed payments
✓ Partner capital accounts
✓ Partnership liabilities
✓ Separately stated items
✓ Schedule K
✓ Schedule K-1
✓ Basis fundamentals

S Corporation Returns — Form 1120-S

Explore:

✓ Shareholder information
✓ Officer/shareholder compensation concepts
✓ Contributions & distributions
✓ Shareholder loans
✓ Equity
✓ Separately stated items
✓ Schedule K
✓ Schedule K-1
✓ Shareholder basis fundamentals

C Corporation Returns — Form 1120

Learn the foundational workflow for C corporation returns, including corporate income, deductions, officer compensation, distributions and corporate-specific reporting.

Balance Sheet & Tax Return Reconciliation

Learn how to work with:

✓ Schedule L
✓ Schedule M-1
✓ Schedule M-2, where applicable
✓ Retained earnings/equity
✓ Beginning and ending balances
✓ Book-to-tax reconciliation
✓ Out-of-balance returns
✓ Diagnostic troubleshooting

Business Tax Software Application

Take the tax concepts you've learned and apply them inside professional tax software.

You'll practice:

✓ Entity setup
✓ Financial statement entry
✓ Asset/depreciation modules
✓ Partner/shareholder setup
✓ K-1 preparation
✓ Diagnostics
✓ Return reconciliation
✓ Federal and state workflow
✓ E-file preparation and transmission

Hands-On Practice

We're not simply going to hand you a list of numbers and tell you where to enter them.

You'll work with realistic simulated business client files that may include:

📂 Prior-year tax returns
📊 Profit & Loss Statements
📊 Balance Sheets
📑 Trial Balances
📖 General Ledger information
🧾 Asset purchase documentation
📉 Depreciation schedules
💵 Payroll information
🏦 Loan information
👥 Partner/shareholder information
📄 Supporting business documents

Some client files may intentionally contain missing, incomplete, inconsistent, or incorrectly classified information.

Your job will be to determine:

What do I have?
What's missing?
What questions should I ask?
What needs to be reclassified?
What is the appropriate tax treatment?
How does it get entered into the software?
Does the completed return reconcile?
Is the return ready to file?

Your Enrollment Includes

📘 Comprehensive Business Tax Workbook

📂 Realistic Business Client Files

📊 Financial Statement Exercises

🧾 Guided & Independent Practice Returns

📝 Editable Workpapers, Templates & Checklists

💻 Hands-On Tax Software Application

🎥 Session Recordings

💬 Live Q&A & Cohort Support

Course Schedule

November 3 – December 3, 2026

Tuesdays & Thursdays

November 3 & 5
November 10 & 12
November 17 & 19

🦃 Thanksgiving Week Break — No Classes November 23–27

December 1 & 3

Class Times

7:00–9:00 PM Eastern
6:00–8:00 PM Central
4:00–6:00 PM Pacific

8 Live Sessions | 16 Hours of Instruction

Who Should Enroll?

The Business Tax Accelerator is designed for tax professionals who:

✓ Primarily prepare individual returns and want to expand into business returns
✓ Want to add business tax preparation to their service offerings
✓ Have prepared business returns but want stronger foundational knowledge
✓ Want to better understand financial statements and books-to-tax preparation
✓ Want hands-on experience preparing entity returns inside tax software
✓ Want to understand how business returns connect to an owner's individual return
✓ Are ready to develop a new professional skill set and serve a broader client base

Tuition

$649

Your enrollment includes all 8 live training sessions, course materials, practice client files, workbook, templates, practice returns, recordings, and cohort support.

Expand What You Can Offer

Your existing individual tax clients may already own businesses.

Others may be starting businesses.

And business owners are looking for tax professionals who understand more than the 1040.

Developing business tax preparation skills can allow you to expand your knowledge, expand your services, and open the door to an entirely new client base.

Go Beyond the 1040.

From Financial Statements to E-File.

TaxSensePro Solutions
Training Tax Professionals Beyond the Tax Return.