Taxation 101

1. Work is assigned

1.1. Lineup

1.1.1. scheduling tool

1.2. GFR Preparer Pool

1.3. 1 off project

1.3.1. Email

2. Planning Season

2.1. Roll workpapers

2.2. PBC Requets

2.2.1. Provided by client

2.2.1.1. Global Portal (in process of rolling out)

2.3. ATS/SOW issued

2.3.1. Agreement for Tax Services

2.3.2. Statement of Work

2.4. Budget

3. Extensions

3.1. Estimate Taxable Income Calculation

3.2. Due Date

3.2.1. 3/15

3.2.1.1. Partnership Returns

3.2.2. 4/15

3.2.2.1. Corporate Returns

4. Tax Return

4.1. GoSystems RS

4.1.1. Business Returns

4.1.1.1. Import from DataFlow

4.1.1.1.1. Prep Non-Standards Forms

4.1.2. Individual Returns

4.1.2.1. Push from SurePrep

4.2. Federal Return

4.3. State Return

4.3.1. Start with Fed numbers

4.3.2. Calculate state adjustments

4.4. Self Review

5. Set Expections

5.1. What is the project/engagement

5.2. Client background

5.3. Working/communication style

5.4. Timing of engagement

5.5. Team roles

6. Receive Client Information

6.1. From client

6.1.1. Save to GFR file for future use

6.2. From audit team if audit is done

7. Taxable Income Calculation

7.1. Tax Workpapers

7.1.1. Business Returns

7.1.1.1. DataFlow

7.1.1.1.1. Cue DataFlow Training

7.1.1.1.2. Book to Tax differences Training

7.1.2. Individual/Trust/Non-for-profit returns

7.1.2.1. PDF Documents

7.1.2.2. SurePrep

7.1.2.3. Business Service Center