Fundamentals
Target audience
- Accountants responsible for accounts payable and overhead expenses
3 day
New training
Tax Return Preparation
Prerequisites
It is necessary to have a basic understanding of general accounting.
Objectives
◗ Apply the basic principles of preparing tax returns.
◗ Prepare all 18 required forms for the tax return.
◗ Identify the relationships between states in order to perform the various validity checks.
◗ Interpret the tax implications associated with these investment vehicles.
Training program
◗ Overview of the various sets of financial statements based on the legal status and size of companies
– Summary forms 2065 or 2031 and attachments, depending on the companies’ tax status
– Specific requirements of the simplified filing system: forms 2033-A and following
◗ Obligations of Companies Subject to Corporate Income Tax (IS)
– Overview of accounting requirements for bookkeeping
– Filing the income statement: Form No. 2065 and Annexes No. 2065 bis and 2065 ter
• Paper form or electronic filing?
• Filing deadline
◗ Documents to be attached to the income statement
– Financial Statements
• Balance Sheet (Assets) No. 2050
• Balance Sheet (Liabilities, Before Allocation) No. 2051
• Income Statement for the Fiscal Year (List Format) Nos. 2052 and 2053
• Fixed Assets No. 2054
• Depreciation No. 2055
• provisions No. 2056
• statement of maturities of receivables and payables at the end of the fiscal year No. 2057
✔ APPLY | Practical Examples
– Tax Tables
• Determination of Taxable Income No. 2058-A: Detailed review of the main non-deductible expenses and deductible income, calculation of corporate income tax based on company size, methodology for preparing the tax return package No. 2058-A
• Non-Deductible Losses and Provisions No. 2058-B: Transfer of tax credit allocations from Summary Statement No. 2065 to Statement No. 2058-B
• Statement of Allocation of Net Income and Miscellaneous Information No. 2058-C
• Determination of Gains and Losses Nos. 2059-A through 2059-D
• Determination of Value Added Generated No. 2059-E
• Composition of Share Capital No. 2059-F
• Subsidiaries and Equity Interests No. 2059-G
• Key considerations during computerized tax audits and use of the FEC
– Limitations on loss carryforwards and rules on capital gains on equity securities
✔ APPLY | Practical example
– Other documents to be filed
• Detailed statement of general and administrative expenses
• Minutes or excerpts from the deliberations of the board of directors and shareholder meetings
• Breakdown of accounts receivable and accounts payable
• Storage and traceability of supporting documents in a digital environment
– Group-specific forms
• Consolidation forms: 2029 B, 2058 A BIS, 2058 B BIS, 2058 CG, 2058 DG, 2058 ER, 2058 RG, 2058 SG, 2058 TS
✔ EVALUATE | Quiz and examples illustrating the various topics covered using real documents
✔ APPLY | Comprehensive case study based on real documents
Why choose this course?
Preparing the tax return is an essential step in closing the books and reporting results to the tax authorities.
This training course helps participants master the main tax forms, determine taxable income, and ensure that all checks are performed correctly to produce a compliant tax return package.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€2,105 (excluding tax)