Phone : +91  7867861120  /  Mail : [email protected]

Tag Archives: US Taxation Course

HomeiLead Tax & Business Academy  > Blog  > US Taxation Course
Author santosh Categories Audits, Enrolled Agent, Soft Skills, USA Taxation Course

Comprehensive Guide to QuickBooks Accounting Professional/QuickBooks ProAdvisor

QuickBooks is one of the most popular & powerful accounting software suites in the current market. What an individual can do is equivalent to whole accountant teams used to do two decades ago!

In the current hi-tech world, many businesses are trying to make the most out of the software, specifically the use: whether it is CRM, accounting or project management software. Nowadays, most of the businesses are packed with distinct features, different versions, customizability, and these tools could often integrate with one another to automate or optimize business operations. A lot of complexities have given rise to a hybrid professional i.e a mix of bookkeeper or accountant & software management specialist known as a QuickBooks ProAdvisor.

A QuickBooks ProAdvisor is usually referred to an accounting/bookkeeping professional who is trained, tested, as well as certified by Intuit on a wide range of advanced, specific QuickBooks’ topics and subject matters. QuickBooks ProAdvisor certification involves comprehensive training, a 2 hour examination where you should score a minimum of 80%, and also an annual recertification exam.

If you are interested to become QuickBooks expert or QuickBooks ProAdvisor, iLead-the best Enrolled agent training institute in Hyderabad, offers a vast range of accounting courses of EAs, CPAs, US taxation courses, FPC and also QuickBooks ProAdvisor certification training in Hyderabad at super affordable packages. 

Who is a QuickBooks ProAdvisor and What They Do?

When you are an entrepreneur, perhaps your finances are critical to survival. Being an entrepreneur or a new small business owner usually means that you work as an accountant for a while. If you know you can’t manage, you’ve run out of time and energy to keep track of all your finances, or you’re just too old to do it yourself; you should consider hiring an accountant, bookkeeper and/or CPA. 

You do not want to create a mess by just hiring the cheapest people you can find. These are your finances they will be dealing with, so you want them to be well equipped and informed without going over your budget. What Makes Accountants, Accountants and/or CPAs Different? 

The answer is that you need to find someone who is a Certified QuickBooks ProAdvisor. QuickBooks ProAdvisor is a person who is trained by Intuit ProAdvisor Certification. With iLead’s extensive QuickBooks ProAdvisor certification training the candidates can gain expertise in QuickBooks Accounting Software to provide independent bookkeeping support and consultation support. 

Working with a QuickBooks ProAdvisor

With QuickBooks Certified ProAdvisor, you will be reviewing and working on your books with someone who is well versed in how QuickBooks works. Anyone who is certified with QuickBooks has taken lessons and courses that have taught them the ins and outs of working with the software.     

In addition, they are passed and certified. These people know how to solve any problem, even solving imbalanced balance sheets and technical problems with bank feeds. Another aspect of the QuickBooks certification is that they can also educate others on how to use QuickBooks. These skills can increase the productivity and efficiency of your business in every department. 

A QuickBooks Certified ProAdvisor is a professional accountant who does not have to be a CPA, but can be a small business advisor or chief accountant. They are experts in QuickBooks programs and accounting theory. With these people, the learning process is more rigorous, developed by Intuit (the company that developed QuickBooks). 

To get certified, they took several courses and passed a number of tests. To maintain its status, QuickBooks Certified ProAdvisor must take a certification exam each year. This means that they are up to date with the latest software developments. 

Benefits of Hiring a Certified QuickBooks ProAdvisor

When you have a certified QuickBooks ProAdvisor on your team, you have someone who is well versed in accounting and accounting services. They may simply act as outsourced bookkeeping for your small and/or medium-sized business. 

The following are some of the capabilities & benefits they bring:

  • Invoicing customers
  • Paying bills 
  • Reconciling your accounts 
  • Answer any technical questions 
  • Set up & customization of your QuickBooks software 
  • Troubleshoot technical issues/customizations 
  • Receive discounts on QuickBook Products
  • Notified with all new products & updates 

These professionals are your one stop shop for exceptional accounting and/or bookkeeping needs. If your consultant is also a certified public accountant, you may receive monthly/quarterly reports on the preparation of books and tax returns. This way, you can finally plan your tax season well with the same person. Your worries will be lessened knowing that these specific advisors also enforce the entire IRS code. 

QuickBooks Online

QuickBooks Online provides entrepreneurs and business owners with a convenient remote access option. Also gives accountants or your bookkeepers powerful access to information on the go. QuickBooks online service is the best-fit for service-based businesses.

QuickBooks accounting software helps you to create invoices, generate GST reports and much more with QuickBooks.

Features 

  • Cloud accounting 
  • Invoicing
  • Online banking 
  • Accounting Reports 
  • Cash Flow Management 
  • Time Tracking
  • Seamless collaboration to multiple users

There are many small-business accounting software solutions available in the market, but which version is right for you? With payroll or without? On-premise or cloud? Choose wisely.

QuickBooks Self-Employed

QuickBooks Online

QuickBooks Online ……..are some of the most used QuickBooks Software products.

QuickBooks Accountant is a special program developed by Intuit QuickBooks to meet the needs of accounting professionals. 

It allows you to perform and manage accounting tasks for multiple companies in one place. You can issue invoices, pay stubs, manage projects, access customer accounts, such as to find and correct input errors, and more with one product. Signing up for QuickBooks Accountant doesn’t take long. 

You will be prompted to enter information that is usually requested when registering on other websites. This includes your name, email address, and your company name. 

Once registration is complete, you will be granted access to the QuickBooks Online Accountant. All you need to sign in to your account is Internet access and your QuickBooks Online Accounting credentials.

Bottomline 

Working with a QuickBooks Certified Professional ProAdvisor versus someone just a QuickBooks Certified will make a big difference. Not only will you receive various privileges and perks, but you will also get peace of mind when it comes to the finances of your business. You will be working with a professional who continues their accounting, bookkeeping and QuickBooks recertification software training yearly. 

At iLead, we have certified professional QuickBooks consultants who are happy to help you and your business get back on your feet or save your finances. If you have any questions, please call us now!

Becoming an Enrolled Agent and How to Choose the Best Training Institute
Author santosh Categories Enrolled Agent

Thinking of Becoming an Enrolled Agent? Then Choose the Best Training Institute

The only choice for students and accountants to become an enrolled agent is choosing the right training institute. The enrolled agent designation flourishes the career of accountants and professionals who are willing to specialize in tax. iLead Tax Academy is the best US Taxation Course in Hyderabad for the professionals who are willing to become a tax practitioner. Before thinking of becoming an enrolled agent, you must first know the significance of an enrolled agent designation. 

What is an Enrolled Agent?

An enrolled agent is a role offered by the federal government to represent taxpayers before the internal revenue system (IRS). It is the position that possesses enough rights to deal with all tax issues such as collections, audits, and appeals. Once the individual meets the requirements of EA and passes the exam, the U.S. Department of Treasury offers EA with unlimited representative rights before all administrative levels of the IRS. 

EA Certification comes with enough benefits such as identity, enough rights to deal with tax issues, more confidence, and trust of the public. If you simply want to experience the benefits of an enrolled agent, you have to pass the special enrollment examination (SEE). When it comes to tax preparation, an enrolled agent has to deal with the client’s needs such as arguing tax law, discussing audits, dealing with the IRS collection department, make appeals and more. To fulfill the client requirements in the future, one has to go for the right US Taxation Course in Hyderabad.

An enrolled agent can do anything in the world of tax preparation like handling collection issues, file appeals, answering questions on behalf of clients, and making challenges to the IRS. An enrolled agent is allowed to work anywhere in the country without any hassles, which means the designation is more secure with proper EA Certification. 

Enrolled agents don’t work for the IRS, they only work for taxpayers. Their enough rights separate them from the other standard tax preparers. EAs are known as top-notch tax preparers across America. For this reason, they can also represent taxpayers from multiple states. 

To achieve an EA designation, there are two options available – 

  • Go for the Special Enrollment Exam (SEE)
  • Must hold the working experience with the IRS for at least five years.

Making any of these choices won’t be much difficult. If you don’t possess any experience with the IRS, then there is only one option left for you to take more advantage of, for the position of EA. To do so, you must first go for the best Enrolled agent course. iLead Tax Academy is best known for the US Taxation Course in Hyderabad.

To achieve an enrolled agent designation, you have to pass all three parts of the Special Enrollment Examination (SEE).

  • Individual
  • Business
  • Representation, Practices, and Procedures.

Nanda Kumar KV is an EA expert and CEO of iLead Tax Academy. His aim is to enrich India with education, employment, and entrepreneurship. He holds immense experience in finance, taxation in the USA, UK, and India, accounting, payroll processing and more. Every individual whose dream is the position of an enrolled agent should approach an EA expert who holds immense experience in US taxation.

To pass all three parts of the special enrollment examination, one must enroll for the best US taxation training. Most of the students and professionals choose self-preparation but to get a clear idea of the examination, it is very important to go for the best US Taxation Course in Hyderabad. iLead Tax Academy provides online and classroom training to professionals who are dreaming of a better career. Also, the best study materials required to prepare for all three parts of the special enrollment examination (SEE), being the best Enrolled agent course.

iLead tax academy possesses high profile experts who guide students and professionals throughout and after the training process. They give training on individual taxes, business taxes and tax representation with more interactive sessions that helps to clear all three sections of SEE. The reasons for being the best Enrolled agent course are interactive classroom training for US Taxation, Tax study material and handwritten notes, MCQ sets for all three parts of SEE, real-time case studies, and model question papers of previous examinations. Each part of the Special Enrollment Examination requires special attention and preparation. 

Individuals: 

The individual section covers some important topics of tax preparations such as income and assets, biographical information, specialized returns, international tax information, deductions, and credits. This section also includes the aspects of tax law and principles of representing taxpayers. 

Businesses:

This section is all about preparing taxes for businesses and corporations where the deep knowledge of business entities, partnerships, business income, expenses, trusts, estates, credits, and retirement plans is much required to qualify for the third part of SEE. This test also includes farmers and organizations. To get a deep knowledge of all these areas, you need to attend the training sessions in the Best Enrolled Agent Training Institute.

Representation, Practices, and Procedures:

This is the final stage to achieve an enrolled agent position. This section covers the following – 

  • Practices and Procedures such as requirements for enrolled agents, sanction-able acts, rules, and penalties.
  • Representation before the IRS like Power of attorney, building the taxpayer’s case, taxpayer financial situation, supporting documentation, legal authority and references, and related issues.
  • Specific Types of Representation such as representing a taxpayer in the collection process, penalties & interest abatement, representing a taxpayer in audits, and representing a taxpayer before appeals.
  • Completion of the Filing Process like the accuracy of results, information shared with a taxpayer, record maintenance, and electronic filing.

It is very important to go for the Best Enrolled Agent Training Institute to gain deep knowledge of all three parts of the special enrollment examination and for clearing EA exam. Moreover, it is also necessary to complete 72 hours of continuing education every 3 years. At least 16 hours per year that includes 2 hours for ethics to maintain your EA Certification. 

iLead Tax Academy also provides soft skills training to the students and professionals to face the corporate world. Communication skills are much necessary to get placed in Big 4 and other USA MNCs. 

Call Now Button