Tax Bytes - Monthly Newsletter & Training

The Tax Bytes Practice Mentor video newsletter and online training is designed and delivered with the “Tax Newbie” in mind … those of you who have just started or thinking of starting your career in accounting, tax and tax preparation.

Are you a student in college or university accounting programs? Or perhaps you are a bookkeeper who would like to leverage your bookkeeping business with up-to-date tax information and training? Are you someone who is looking to start a lucrative and profitable seasonal (or year round) business preparing tax returns for clients?

Then you have found THE source for current tax information and ongoing training in areas that are essential to your success in tax and tax preparation.

Ongoing tax education and professional development is a crucial element to becoming a reliable and valuable tax preparer and advisor. It is so crucial that the professional accounting bodies strip people of their designations if they don’t do the mandatory required hours of professional development.

Many of the newsletters available on the web I have found suffer from 3 things that make them difficult for students, tax newbies and even seasoned professionals to use:

1. They are typically very technical in nature because they are prepared by tax professionals for other tax professionals
2. The topics covered tend to be very specialized or specific to the areas practiced by the curators and writers of the newsletters.
3. They tend to provide information only and no guidance. They are intended to drum up business for the firm publishing them and require you to call for (billable) advice.

The Canadian Tax Academy’s Tax Bytes newsletter is designed, curated and delivered to address all of these issues and make it a valuable tool to your business, practice or academic studies.

FEATURES

T1 Masterclass is a new series that started in September 2018. Each month, we take a more detailed look at topics in personal tax and T1 preparation. Think of this series as an ongoing Intermediate Tax course that keeps growing and growing. We'll also focus on running a smooth, and effective tax practice. We'll provide you with spreadsheets, checklists, form letters, and much more!

Online community where you can share your thoughts or questions for advice and recommendations from other tax preparers and accountants, including the newsletter’s creator and director.

Monthly video tutorials on the concepts covered, in the same teaching and presentation style you have all come to enjoy and expect from Ian DiNovo and the Canadian Tax Academy.

Email updates and up to date information on mission critical items that you need to know once they are released by the CRA or Federal Government so you can run your tax preparation practice effectively and accurately and know you are always working with current information.

Skill Snacks – We will regularly feature a mini training series in an area of tax (personal or corporate), practice management that is useful or vital to your professional practice or ongoing education. Not only will the Tax Bytes Video Newsletter keep you in the loop in the tax landscape, it will also sharpen your knowledge and build your skills.

Access to all previous months editions including all the tutorials and training content. The newsletter started in October 2016, so you will have access to all the editions including all the training from those months.

BENEFITS

UPDATES – Up to the minute tax information and explanation on the changes to tax laws and how they affect your clients. News commentary, budget reviews and analysis so that you can work with the most recent and applicable tax laws.

GUIDANCE – The tax world is a very fluid and ever-changing landscape. In the Guidance section of the newsletter you are provided with information and ideas taken from what is going on in the tax world.

CRA’S VIEWS – Let’s look under the hood of Canada’s tax administrator and look at the way they look at and administer Canada’s Income Tax Act. CRA’s view, opinions, guidelines and interpretations are of vital importance when applying tax rules to client files.

COURT CASES – One of the best tools for your consulting business and weapon against CRA is court cases. You will find that many newsletters cover cases as significant source of its content. The Tax Bytes newsletter is no different and will provide you with training on these cases and how to apply them effectively with you client files.

TOOLS & RESOURCES – We continuously scour the internet and other sources for useful tax tools, resources and information to help you run your practice and find the critical information you need to run it smoothly and efficiently. And with the video tutorial style of presentation, we not only tell you about them, but show you how to use them.

KNOWLEDGE BASE – continuous training and development though our monthly Skill Snack series – Online tax courses can only cover so much material before it becomes too long and detailed to the point where it is intimidating for students. The Tax Bytes newsletter continues to deliver valuable training in bite size segments with every issue.