Income Tax - 5 Years of Developments

Overview:

Five years may seem like a relatively short period of time; but in the world of accounting, half of a decade can represent eons of important developments. Since income tax legislation changes and evolves over time, professionals need to maintain their current stock of knowledge while learning about new trends. Unfortunately, many lack the time or resources and consequently may fall behind on some changes.

This course provides an opportunity to remain updated on continual changes by reviewing the most important federal income tax developments that have occurred over the last five years. Therefore, busy professionals can quickly become knowledgeable about crucial tax updates and their potential impacts in a single seminar.

Income tax changes and evolves over time. “Keeping up” is a continuous process. This course offers the opportunity to “catch up” on several recent years of changes and their potential impacts in one course.

Course Content:

In this course, you will gain knowledge about the following topics:

• Calculation of income
• Expenses and deductions
• Capital cost allowance
• Taxation of gains
• Retirement saving
• Income splitting
• Tax credits
• Rules that defer, deem, trigger, prevent, or reduce tax
• Federal income tax rates
• Income tax administration
• Various other developments

Learning Objectives:

Upon completing this course, you should be able to:

• Discover how the income tax scene has changed
• Distinguish current rules from former rules and recognize the significance of the changes
• Discover the new pitfalls, strategies, and opportunities
• Identify areas for further study or in-depth instruction

Who Will Benefit: 

While this course will benefit any accounting professionals seeking to update their knowledge on income tax developments, the course particularly targets those in public practice, industry, or the public sector who feel that they have lagged behind with recent income tax developments.