Detailed tax training can make your bookkeeping practice run much smoother. You can also offer tax planning and preparation services to your bookkeeping clients for a one-stop shop!
What lessons are included:
· Myers Briggs Personality Test
· PTIN, EFIN, Insurance
· Research Resources – How to Find Answers to Tax Questions
· Tax Prep Software, Portals, Organizers, Workflow
· Entity Introduction and Overview
· Sole Proprietorships
· LLCs
· Partnerships
· S Corporations
· S Corporations Owner Reasonable Salary
· C Corporations
· Tax Deductions Overview
· Tax Deductions – In General
· Home Office Deductions
· Vehicle Deductions
· Meals and Entertainment
· Accounting Methods
· Travel Deductions
· Capitalization and Depreciation
· Special Depreciation Elections
· Qualified Business Income Deduction
· Introduction to Tax Strategies and Credits
· Tax Strategies and Credits
· Special Business Taxes
· IRS Notices/Audits
· Practice Development
· Special Topics
· Tax Return Prep Tutorials
Content updated continuously
Weekly coaching calls via Zoom until all questions have been answered
Frequently Asked Questions
Will this include basic level tax preparation or is it assuming I am already familiar with how to prepare taxes?
The coaching takes members through preparing tax forms step-by-step. Even if you have never prepared a tax form before, the training will show you exactly how to prepare a return and what a tax return looks like when properly completed.
I already prepare tax returns, but I would like to learn more. What does the coaching offer for me?
Those that have some tax preparation experience can benefit from the coaching by becoming more familiar with tax
preparation and having an experienced tax preparer assist with questions and issues.
We have several people in the program that already prepare taxes, but are looking for
additional guidance and assistance.
What business topics are included in the coaching?
The coaching includes complete walkthroughs of how to prepare business tax returns including depreciation schedules, rental properties, home office deductions, vehicle deductions, tax planning strategies and other topics involved with business tax return preparation.
What business topics are included in the coaching?
The coaching includes complete walkthroughs of how to prepare business tax returns including depreciation schedules, rental properties, home office deductions, vehicle deductions, tax planning strategies and other topics involved with business tax return preparation.
Which tax forms are included in the coaching?
Form 1065 (Partnerships), Form 1120S (S Corporations), Form 1120 (C Corporations), Form 1040 - Schedule C (Self-employment income), Form 1040 - Schedule E (rental properties), Form 8829 (Home Office Expenses), Form 4562
(Depreciation and Amortization)
Do you have to be a bookkeeper to enroll in the coaching?
The basis for business tax returns is the financial statements. The coaching program is built on bookkeepers using financial statements to prepare tax returns.
The program focuses solely on tax return preparation and does not teach
bookkeeping skills. Having bookkeeping skills is a prerequisite to enrolling in Tax
Tutor coaching program.
Which tax software do you recommend?
The training focuses on two software providers - Drake Tax Software and Intuit ProConnect Tax. The training walks through step-by-step how to prepare business tax returns in both sets of software. The course also provides a comparison of Drake and ProConnect to help you decide which software is best for your situation.
Which tax software do you recommend?
The training focuses on two software providers - Drake Tax Software and Intuit ProConnect Tax. The training walks through step-by-step how to prepare business tax returns in both sets of software. The course also provides a comparison of Drake and ProConnect to help you decide which software is best for your situation.
Is Merrill on the coaching calls himself?
Merrill is currently on the weekly coaching call and does all the coaching himself both on the call and inside the private Facebook group. Merrill may bring on additional help in the future, if more help is needed to ensure a quality program.
Is Tax Tutor a course? A coaching program? What?
Tax Tutor is a coaching program that comes with an online course, private Facebook group and live support.
You will use the curriculum, downloadable course resources and support to learn how to complete tax returns properly.
The weekly coaching calls are to help you implement what you learn in the program.
Is Merrill active in helping people in the Facebook group?
YES! The time to get advice from Merrill is on the weekly coaching call; however, he does jump in the Facebook group quite often to answer simple questions. BUT he will not answer a question in the group that requires you to come on the call because he would rather give you a solid answer on the call than a vague answer in the group. If it’s more than a simple question, it’s highly recommended you come on the call. The group is great for engaging with other members between the weekly calls as well as for asking simple questions.
Is this program on drip? Does access to the trainings happen on a set schedule?
No, absolutely no part of the program is dripped out. This is a premium program, and premium programs do not drip out content; however, they do get continuously updated.
How often (and how long) are the weekly coaching calls? Are they recorded?
There is currently one call per week. This is subject to change as Merrill may add more calls as he feels is necessary. Each call is roughly two hours long, or until everyone gets their questions answered. We have yet to have a situation where someone didn’t have enough time to get their questions answered.
All calls are recorded and uploaded with 48 business hours into the membership area. Not only that, but every question is time-stamped so you can go to the recording, find the question you’re interested in, and fast-forward to that point in the call.
How many students are on these calls? Will there be enough time for my call?
On average, there are less than 20 people on each call, as most students do not attend every single call.
It is Merrill’s personal policy to make sure everyone gets their questions answered on the call. The calls go until all questions are answered or until we hit approximately two hours. Currently, we have never had an instance where someone did not get their question answered.
For how long do I have access to the program and the calls?
This is a one-year coaching program. Since tax forms and tax laws change each year, we are required to update the program every year.
After one year, you will not have access to the coaching calls and Facebook group anymore, unless you renew for the next year. You will still have access to the online course content, but the content will be out of date the next year.
Are there any more upsells?
No, there are absolutely no upsells in Tax Tutor Coaching! Merrill believes in putting everything into one product and one product alone. Merrill may add a high-end mastermind group, if he notices a demand from students to have more access to him. For now, everything is contained inside the Tax Tutor Coaching program.
What makes this program different from all other courses on preparing tax returns?
First of all, this is not a course. It is a high-level coaching program. It comes with an online course, but it is definitely a coaching program. What makes it different is Merrill spent years preparing thousands of tax returns. He worked as a staff member at a Big 4 accounting firm and then worked his way from a staff person to a senior tax manager at a regional accounting firm before starting his own tax preparation firm. So if you want to learn from someone who has been in the trenches preparing tax returns and has built a successful tax practice, then this program is for you.
Is this program up to date?
YES! Merrill shares any important updates on the live coaching calls, teaching new material before putting it in the membership area. That way, the students don’t have to wait to get access to the updated material.
Once it’s polished and ready to be published, Merrill adds it the Tax Tutor program so that the program becomes a revolving door of updates. As a premium product, this program is continuously updated.
Your Instructor
Hi, I’m Tiffani! I’m a successful CPA and a mother of 5 amazing children! I understand the struggle to balance an adequate income from home and spending time with your kids! Before I started my business, I worked for a CPA firm. I had just passed the CPA exam and my boss raised my annual salary to $45,000. I was working 32 hours outside of tax season, but 60 hours during tax season! Now I work 10 hours a week for nearly the same pay…no long days…no stress…and most importantly I get to spend valuable time with my sweet family. I would love to help you do the same!