Course Details

Courses Descriptions

The US Accounting & Taxation Combo Course at TaxTime Academy is your all-in-one training solution. This dual-specialization program combines the core financial skills of US accounting with the compliance and filing expertise of US tax preparation. You’ll learn everything from bookkeeping, financial reporting and payroll to Form 1040, 1065, 1120 returns, and more — using real software and client case studies. Perfect for students, professionals, or freelancers aiming for job-ready skills and global career opportunities.

By the end of this course, you'll be able to:

• US Accounting

  • Understand the US Accounting Framework

  • Manage full-cycle accounting: journal entries, ledgers, trial balance, and adjustments

  • Prepare and analyze financial statements (P&L, Balance Sheet, Cash Flow)

  • Perform bank reconciliations and handle month-end/year-end closing

  • Maintain accounts receivable/payable with accuracy

  • Work with Chart of Accounts for various industries

  • Apply real-world scenarios and client case studies

• US Taxation

  • Fundamentals of the US Tax System & IRS Structure

  • Preparation of Form 1040 (Individual Tax Returns)

  • Filing for Sole Proprietors, Partnerships (1065), and Corporations (1120/1120S)

  • Understanding Schedules A, B, C, D, E, SE

  • Deductions, Credits, Filing Status & Dependents

  • Treatment of Wages, Self-Employment Income, and Investments

Hands on Training Includes

• Live Instructor-Led Classes

• Real-Time Projects & Case Studies

• Access to Accounting and Tax Software Tools

• Assignments, Quizzes & Capstone Projects

• Downloadable Templates & IRS Forms