06-05-2023, 06:31 AM
QuickBooks Online: Streamline US Tax Deductions
Published 6/2023
Created by Robert (Bob) Steele
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 19 Lectures ( 6h 14m ) | Size: 7.82 GB
Unlock Efficient Tax Management: Mileage Tracking, Home Office Deductions, and Receipts Management with QuickBooks
What you'll learn
Master Mileage Tracking: Learn to log miles for tax deductions and understand relevant laws.
Master Home Office Deductions: Learn to track home office expenses for tax benefits.
Efficient Receipt Management: Learn to capture, upload, and manage receipts in QuickBooks.
Optimize US Income Tax: Leverage QuickBooks to manage and optimize tax obligations.
Hands-on Experience: Get practical QuickBooks experience with real-world examples.
Understand US Tax Law: Gain an understanding of U.S. income tax law as it relates to automobile deductions & home office deductions
Requirements
None
Description
Welcome to "Mastering QuickBooks Online for US Income Tax Optimization" - your one-stop course for leveraging QuickBooks Online to efficiently manage and optimize your income tax obligations. Designed for freelancers, small business owners, and anyone seeking a robust understanding of QuickBooks Online in the context of U.S. income tax law, this comprehensive course offers practical insights and hands-on exercises to help you become proficient in using QuickBooks for your tax needs.Key Learning Objectives:1. Master Mileage Tracking Tool: QuickBooks Online's Mileage Tracking tool can significantly simplify your automobile-related tax deductions. We'll break down the process of logging and categorizing miles, while also explaining the intricacies of tax law related to automobile deductions. This practical understanding can be crucial for maximizing your automobile deductions and ensuring tax compliance.2. Explore Home Office Deductions: Learn how to accurately track home office expenses for income tax deductions. The course includes a comparison of different methods, along with a comprehensive review of the relevant tax laws. By the end of this section, you'll be able to select and implement the most beneficial method for your specific situation.3. Track and Upload Receipts: Discover how to capture, upload, and manage your receipts in QuickBooks Online. We'll also demonstrate how to use these receipts to record transactions or attach them to existing transactions. This module will significantly enhance your record-keeping skills, making tax season less daunting.
Who this course is for
Freelancers: Those who manage their own taxes and are looking for ways to maximize deductions.
Small Business Owners: Those who need to navigate U.S. income tax law and manage their financial records efficiently.
Accountants and Bookkeepers: Professionals who work with freelancers and small businesses, and want to enhance their skills in QuickBooks Online.
Tax Consultants: Those wanting to offer their clients more value by understanding how to optimize income taxes using QuickBooks Online.
Individuals Planning to Start a Business: Those who want to understand income tax optimization before starting their own venture.
Students in Finance or Accounting: Those wanting to augment their studies with practical knowledge and understanding of a commonly used financial tool.
Anyone Handling Personal Finances: Individuals seeking better ways to manage and track their expenses for tax purposes.
HOMEPAGE
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