Staying current on tax, form, software and e-service changes is critical to the success of your personal tax season. Only Personal Taxprep seminars can provide you with all the essential information you need in a single session!
Our full day seminar will not only present the numerous tax and form changes for 2017 T1 returns, but also show you how they have been implemented in Personal Taxprep. We?ll discuss important software enhancements, review changes to CRA e-services, including the new option to download the Notice of Assessment (Express NOA), and delve into some Best Practices with respect to preparing personal returns.
Our Personal Taxprep seminar will also include several featured topics, such as deemed dispositions, divorce and separation, and post-assessment review.
Our limited group size encourages group discussion and our in-person seminar format allows you to network with other Personal Taxprep users.
Personal Taxprep Update
We'll discuss the various federal 2017 tax and form changes, including the following:
We will review the changes to tax rates and tax credits relevant to your province. For clients that prepare returns for taxpayers in other provinces or that have income from multiple jurisdictions, our comprehensive seminar guide will include details on the changes made in all provinces.
Note that as there may be significantly more provincial changes to discuss in some locations rather than others, the length of time devoted to certain featured topics listed below may be adjusted accordingly.
The ability to download virtually all T-slips has been a game-changer for T1 return preparation. During the seminar, we'll look at changes being made for 2017, including a new form for reconciling downloaded T5008 data to broker reports and changes to the CONNECT T3 Reconciliation form. And we'll review best practices for dealing with the downloaded data.
Given that almost 40% of marriages in Canada end in divorce, every tax practitioner has had to prepare returns for a taxpayer that is separated or divorced. During the seminar, we will review how these returns are handled in Personal Taxprep, including specific fields in the Family Profile, entering support and modifying personal tax credits as well as some practical tips for preparing these returns.
In addition, we'll review what happens after tax season, including discussing the options for requesting adjustments to a return. And we will explore how to deal with post-assessment reviews, including identifying the most common post-assessment review requests, what documents will be needed, responding to requests and tips for anticipating which clients will be targeted.