ABOUT THIS PROGRAM

Course overview

This comprehensive Diploma in Bookkeeping, Payroll, and Tax Preparation (US & UK) provides practical, job-ready training in international accounting, payroll, and tax preparation for both the United States and United Kingdom. You will learn how to manage complete bookkeeping workflows, prepare US individual and business tax returns, UK Self-Assessment and Corporation Tax returns, payroll, VAT returns, and financial records for real-world clients.

The course combines theoretical knowledge with extensive hands-on software practice, covering platforms such as QuickBooks Online, Xero, Gusto, Dext Prepare, Hubdoc, TurboTax, ProConnect, TaxAct, FreeTaxUSA, FreeAgent, DTax Filer, Easy Digital Filing, and Easy MTD VAT. You will also develop practical skills in AI-powered accounting automation, e-commerce and real estate bookkeeping, US sales tax, UK VAT and MTD, payroll compliance, financial reporting, reconciliation, and client management.

With 102 interactive classes and 204 hours of structured training, this diploma is designed to equip you with the practical skills needed to confidently handle international accounting projects and offer professional bookkeeping, payroll, and tax preparation services to clients through platforms such as Upwork, Fiverr, PeoplePerHour, Freelancer.com, and LinkedIn.`

Key features

Complete US & UK Accounting Coverage – Learn international bookkeeping, US and UK payroll, US individual and business tax preparation, UK Self-Assessment, Corporation Tax, VAT, and sales tax compliance.
Form-Focused Practical Training – Get step-by-step practical experience with key tax and payroll forms including 1040, Schedule C, 1065, 1120-S, 1120, SA100, SA800, SA102–SA105, CT600, and UK VAT returns.
Hands-on Software Experience – Build practical skills using QuickBooks Online, Xero, Gusto, Dext Prepare, Hubdoc, TurboTax, ProConnect, TaxAct, FreeTaxUSA, FreeAgent, DTax Filer, Easy Digital Filing, and Easy MTD VAT.
AI-Powered Accounting & Automation – Learn modern accounting workflows using AI automation, OCR document processing, anomaly detection, automated transaction categorization, and digital document management.
Real-Life Industry Case Studies – Work with practical scenarios covering e-commerce businesses, Amazon, Shopify, eBay, real estate portfolios, rental properties, property development, and multi-income tax clients.
US & UK Payroll Training – Learn PAYE, NIC, RTI submissions, FPS, EPS, workplace pensions, W-2, W-3, 1099-NEC, Form 941, and Form 940 through practical payroll workflows.
International Tax & Compliance Skills – Develop practical knowledge of US federal and state taxation, sales tax nexus, UK Self-Assessment, Corporation Tax, Capital Gains Tax, VAT, MTD, deadlines, penalties, and compliance.
Freelancing & Client Acquisition – Learn how to package and sell accounting services through Upwork, Fiverr, LinkedIn, PeoplePerHour, and Freelancer.com, including profile optimization, proposals, pricing, onboarding, and client management.

What you will learn

Set up and manage cloud bookkeeping systems using QuickBooks Online and Xero, including company setup, Chart of Accounts, invoicing, bills, bank feeds, and reconciliation.
Perform complete bookkeeping workflows including accounts receivable, accounts payable, inventory, fixed assets, depreciation, multi-currency transactions, budgeting, and financial reporting.
Prepare US individual and business tax returns, including Form 1040, Schedule C, Form 1065, Form 1120-S, Form 1120, and related schedules.
Prepare UK Self-Assessment and business tax returns, including SA100, SA102, SA103, SA105, SA800, SA104, CT600, and CT600A.
Calculate and manage US federal and state taxes, including individual taxation, business taxation, capital gains, depreciation, multi-state taxation, and sales tax compliance.
Handle UK taxation and VAT compliance, including income tax bands, property income, Corporation Tax, Capital Gains Tax, VAT schemes, MTD requirements, and digital VAT return submissions.
Set up and process US and UK payroll, including W-2, 1099-NEC, PAYE, National Insurance, workplace pensions, FPS, EPS, P45, P60, and payroll journal entries.
Use AI-powered accounting automation for OCR receipt and bill processing, transaction categorization, anomaly detection, document management, and bookkeeping cleanup.
Manage industry-specific accounting for e-commerce and real estate businesses, including Amazon, Shopify, eBay, rental properties, property development, and construction bookkeeping.
Prepare and reconcile financial reports, payroll liabilities, tax balances, bank transactions, and client records for accurate month-end and compliance workflows.
Build practical skills for international freelance accounting services, including Upwork and Fiverr profile setup, proposals, service packaging, pricing, client onboarding, and engagement management.

YOUR COMPLETE LEARNING PATH

Detailed course curriculum

Open a module to see its complete topics and open each class to explore its lesson outline.

Course Structure & Time Allocation

Program Format: Online Live Interactive Sessions
Total Number of Classes: 102 Classes
Total Duration: 204 Hours (2 Hours per Class)
Software Covered: QuickBooks Online, Xero, Gusto, Dext Prepare, Hubdoc, TinyTax, FreeAgent, DTax Filer, Easy Digital Filing, Easy MTD VAT, TurboTax, ProConnect, TaxAct, and FreeTaxUSA

Section	Course Module	Classes	Duration	Primary Software
Part 1	International Bookkeeping with AI	40 Classes	80 Hours	QuickBooks Online, Xero, Dext, Hubdoc
Part 2	Global Payroll Bookkeeping (US & UK)	10 Classes	20 Hours	QuickBooks Payroll, Gusto, Xero Payroll
Part 3	US Tax Filing (Individual & Business)	32 Classes	64 Hours	TurboTax, ProConnect, TaxAct, FreeTaxUSA
Part 4	UK Tax Returns & VAT Return	20 Classes	40 Hours	FreeAgent, DTax Filer, Easy Digital Filing, Easy MTD VAT
Total	Full Diploma Program	102 Classes	204 Hours	14 Global Accounting Platforms

Part 1: International Bookkeeping with AI (QuickBooks & Xero)

Classes: 40 Classes | Duration: 80 Hours

Module 1: QuickBooks Online Masterclass (Classes 1–12)12 classes

Class 1: Cloud Accounting Ecosystem & QBO Company Setup

Introduction to cloud accounting principles
Selecting QBO subscription plans (Simple Start, Plus, Advanced)
Configuring company settings and contact information
Setting fiscal year-end and accounting methods (Cash vs. Accrual)
Establishing closing dates and password protection

Class 2: Chart of Accounts (COA) Architecture

Structure of Assets, Liabilities, Equity, Revenue, and Expenses
Numbering systems and account numbering activation
Creating parent accounts and sub-accounts
Managing default system accounts
Importing customized Chart of Accounts from CSV/Excel templates

Class 3: Customer Management & Accounts Receivable (A/R)

Setting up customer profiles and default tax/payment terms
Creating and converting estimates into invoices
Customizing professional invoice templates
Processing sales receipts for immediate payments
Issuing credit memos and applying customer refunds

Class 4: Vendor Workflow & Accounts Payable (A/P)

Creating vendor records and entering 1099 tracking info
Creating purchase orders and converting to vendor bills
Entering bills and scheduling accounts payable
Executing bill payments via check and ACH
Managing vendor credits and expense refunds

Class 5: Banking Engine & Bank Feeds

Direct bank feed connections via Open Banking API
Manual CSV upload for statement imports
Establishing automated bank rules
Utilizing rule priority orders and auto-add functions
Managing split line-item allocations in banking feeds

Class 6: Advanced Bank & Credit Card Reconciliation

Preparing reconciliation workflows
Identifying opening balance discrepancies
Clearing matching transactions
Managing uncleared checks and stale transactions
Generating and archiving monthly reconciliation reports

Class 7: Inventory Management & Cost of Goods Sold (COGS)

Setting up tracked inventory items
Setting non-inventory and service items
Automatic FIFO calculation workflows in QBO
Performing physical inventory count adjustments
Tracking reorder points and low-stock alerts

Class 8: Fixed Asset Setup & Depreciation Tracking

Recording capital equipment and property purchases
Setting up fixed asset sub-accounts
Establishing accumulated depreciation contra-asset accounts
Calculating and posting manual depreciation journal entries
Recording fixed asset sales, write-offs, and disposals

Class 9: Multi-Currency Accounting Workflows

Enabling multi-currency functionality
Assigning foreign currencies to specific clients and vendors
Recording foreign currency invoices and vendor bills
Calculating realized exchange gains and losses upon settlement
Monitoring unrealized currency gains/losses at month-end

Class 10: Budgeting, Forecasting & Cash Flow Tools

Creating annual operating budgets
Setting up project and class-specific budgets
Running budget vs. actual variance reports
Utilizing QBO Cash Flow Planner tools
Setting short-term cash runway projections

Class 11: Advanced Financial Reporting & Dashboards

Customizing Profit and Loss (Income Statement)
Customizing Balance Sheet structures
Generating Statement of Cash Flows
Setting up management reports and automated email schedules
Configuring custom KPI dashboard widgets

Class 12: Audit Trails, Internal Controls & User Access

Defining role-based permissions and user restrictions
Navigating and exporting the Audit Log
Conducting month-end accountant reviews
Locking prior financial periods to prevent tampering
Exporting full general ledger data for compliance

Module 2: Xero Cloud Accounting Masterclass (Classes 13–22)10 classes

Class 13: Organization Setup & Migration Settings

Creating new Xero organizations and business profiles
Setting base currencies and timezone configurations
Configuring conversion dates
Entering and verifying conversion balances
Establishing lock dates for accounting periods

Class 14: Chart of Accounts & Tracking Categories

Customizing Xero standard Chart of Accounts
Mapping system accounts (Accounts Receivable, Accounts Payable)
Setting up and configuring Tracking Category 1 (e.g., Locations)
Setting up and configuring Tracking Category 2 (e.g., Departments)
Running tracking-specific financial statements

Class 15: Sales Pipeline & Invoicing Automation

Setting up sales quotes and automated status tracking
Designing branded invoice templates (.docx and standard)
Configuring automated invoice payment reminders
Integrating payment gateways (Stripe, GoCardless)
Creating and allocating credit notes to outstanding invoices

Class 16: Bills, Purchases & Employee Expense Claims

Setting up suppliers and default purchase payment terms
Creating purchase orders and converting to bills
Creating and approving supplier bills
Generating SEPA/BACS batch payment files
Submitting, approving, and reimbursing employee expense claims

Class 17: Xero Bank Feeds & Transaction Rules

Setting up direct bank and credit card feeds
Creating "Spend Money" and "Receive Money" rules
Setting up transfer rules between company accounts
Utilizing "Match", "Create", and "Discuss" tabs
Bulk transaction coding with Cash Coding tools

Class 18: Advanced Bank Reconciliation & Fixes

Reconciling multi-currency transactions
Allocating overpayments and prepayments
Handling minor bank fee write-offs
Identifying statement balance vs. Xero balance discrepancies
Running Bank Reconciliation Summary reports

Class 19: Fixed Asset Register Management

Configuring asset types and depreciation methods (SL, DV)
Adding fixed assets from purchase bills
Running monthly automated depreciation schedules
Recording asset revaluations
Processing asset disposals and recording profit/loss

Class 20: Tracked Inventory & Periodic Adjustments

Setting up tracked inventory items with buy/sell accounts
Monitoring stock on hand and average costing
Executing stock adjustments (increase/decrease quantities)
Revaluing inventory items
Generating Inventory Item Summary reports

Class 21: Financial Report Designer & Layout Editor

Customizing Profit and Loss formats using Report Layout Editor
Adding custom formula rows (e.g., Gross Profit %, EBITDA)
Customizing Balance Sheet group structures
Running Aged Receivables and Aged Payables reports
Publishing, exporting (Excel, PDF), and archiving report packs

Class 22: Platform Data Migration (QBO to Xero)

Pre-migration data cleanup and reconciliation checks
Exporting Chart of Accounts, trial balances, and contacts
Formatting data into Xero migration templates
Importing open bills and outstanding customer invoices
Verifying post-migration balances and reconciliations

Module 3: AI Accounting Automation & App Integrations (Classes 23–26)4 classes

Class 23: OCR Receipt & Bill Automation with Dext Prepare

Connecting Dext Prepare to QBO and Xero
Automated document fetching via email and mobile app
Setting up auto-categorization and supplier rules
Managing line-item extraction for complex invoices
Auto-publishing processed transactions into accounting software

Class 24: Document Management & Data Fetching with Hubdoc

Integrating Hubdoc with cloud accounting platforms
Setting up automated recurring bill fetching from utility/vendor portals
Creating automated folder structures for source documents
Pushing data and receipt attachments directly to bank transactions
Audit-ready digital record archiving

Class 25: AI Workflows, Anomaly Detection & Quality Control

Implementing AI plugins for duplicate transaction detection
Using automated transaction categorization models
Analyzing transaction anomalies and posting errors
Utilizing automated bank feed clearing algorithms
Reviewing AI-driven cash flow prediction modules

Class 26: Diagnostic Review, Cleanup & Catch-up Framework

Conducting preliminary bookkeeping diagnostic health checks
Identifying and resolving opening balance discrepancies
Fixing negative asset and liability account balances
Re-categorizing misclassified historical transactions in bulk
Clearing uncleared bank transactions and stale check backlogs

Module 4: Industry-Specific Bookkeeping (Classes 27–36)10 classes

Class 27: E-commerce Accounting Fundamentals

E-commerce operational workflow (Storefront to Merchant Account)
Specific Chart of Accounts setup for online retail
Understanding clearing account concepts (Stripe, PayPal, Shopify)
Gross sales vs. net payouts overview
Tracking merchant processing fees and refunds

Class 28: Amazon Seller Central Accounting

Reading Amazon bi-weekly settlement summaries
Tracking Gross Sales, FBA fulfillment fees, and storage fees
Handling Amazon advertising costs and promotional rebates
Managing customer returns, reimbursements, and reserve balances
Recording manual journal entries vs. automated feeds (A2X)

Class 29: Shopify & Digital Payment Gateway Workflows

Reconciling Shopify Payments clearing accounts
Reconciling external gateways (PayPal, Stripe, Afterpay)
Handling chargebacks, disputes, and dispute fees
Syncing Shopify order data using integration applications
Monthly reconciliation of payment processor merchant fees

Class 30: eBay & Multi-Channel Online Retail

Processing eBay managed payments and payout schedules
Recording marketplace listing fees and selling final value fees
Reconciling multi-currency sales on international marketplaces
Tracking unified stock across multiple platforms
Producing monthly gross margin statements for e-commerce

Class 31: Real Estate Bookkeeping Structure & COA

Designing specialized real estate Chart of Accounts
Setting up classes/projects per property address
Recording initial purchase transactions (Purchase price, legal fees, title)
Recording earnest money deposits and closing escrow accounts
Allocating closing statements (HUD-1/ALTA) into software

Class 32: Rental Property & Tenant Portfolio Management

Recording rental income collections and late payment fees
Managing tenant security deposits in trust liability accounts
Categorizing property operating expenses (repairs, maintenance, landscaping)
Allocating mortgage payments between principal reduction and interest
Generating property-by-property Profit & Loss statements

Class 33: Property Flipping & Construction Bookkeeping

Capitalizing property acquisition and development costs
Setting up and tracking Work-In-Progress (WIP) asset accounts
Implementing job costing for materials, subcontractor labor, and permits
Handling vendor lien waivers and contractor 1099 tracking
Converting WIP to Cost of Sales upon completed property disposition

Class 34: Real Estate Capital Gains & Depreciation Schedules

Establishing cost basis for depreciable real property
Calculating straight-line depreciation for residential (27.5-yr) and commercial (39-yr)
Tracking land value separation (non-depreciable)
Calculating capital gains and cost basis upon asset sale
Posting depreciation recapture and sales disposition entries

Class 35: Practical Project: Complete E-commerce Monthly Close

Importing real-world settlement reports from Amazon and Shopify
Reconciling clearing accounts with business checking statements
Calculating correct COGS adjustments based on physical inventory
Posting journal entries for merchant fees and reserves
Finalizing and presenting e-commerce financial statements

Class 36: Practical Project: Complete Real Estate Portfolio Close

Setting up a 5-unit rental property structure in software
Allocating HUD-1 closing statements for a newly acquired property
Booking monthly rental rolls, management fees, and repair bills
Reconciling mortgage statements (principal, interest, escrow)
Producing property performance and net yield reports

Module 5: Marketplace Launch & Client Acquisition (Classes 37–40)4 classes

Class 37: Upwork Blueprint for Global Bookkeepers

Setting up 100% complete specialized bookkeeping profiles
Crafting compelling portfolio project case studies
Writing high-converting, personalized job proposals
Navigating Upwork hourly tracking vs. fixed-price milestones
Handling client interviews and contract management

Class 38: Fiverr Gig Optimization & Service Packaging

Identifying profitable micro-services (Reconciliation, Setup, Cleanup)
Creating high-converting Gig titles, tags, and SEO descriptions
Structuring tiered pricing (Basic, Standard, Premium packages)
Setting up gig requirements to automate client onboarding
Maintaining Level 1, Level 2, and Top Rated Seller metrics

Class 39: Direct Client Outreach via LinkedIn

Optimizing personal profiles as a specialist accounting advisor
Identifying target clients (small business owners, CPAs, real estate investors)
Executing non-spam connection and outreach message scripts
Positioning for subcontracting opportunities with US/UK accounting firms
Creating authority content focused on accounting best practices

Class 40: Client Onboarding, Engagement Letters & Pricing

Determining hourly vs. fixed monthly retainer pricing
Scoping and pricing messy historical cleanup jobs
Drafting professional engagement contracts and scopes of work
Implementing secure client communication channels (Slack, Loom)
Setting up automated payment collection for bookkeeping services

Part 2: Global Payroll Bookkeeping (US & UK)

Classes: 10 Classes | Duration: 20 Hours

Module 6: United States Payroll System (Classes 41–45)5 classes

Class 41: US Payroll Setup & Employee Onboarding

Setting up company payroll profiles in QuickBooks Payroll and Gusto
Understanding employee classifications: W-2 employee vs. 1099-NEC contractor
Reviewing Form W-4 (Employee’s Withholding Certificate) inputs
Reviewing Form I-9 requirements and employment verification
Establishing direct deposit bank connections for payroll processing

Class 42: Pay Calculation Mechanics & Payroll Processing

Establishing pay frequencies (Weekly, Bi-weekly, Semi-monthly, Monthly)
Calculating gross pay: Hourly wages, overtime, and salary
Processing additional earnings: Bonuses, tips, and commissions
Processing pre-tax and post-tax voluntary deductions (401k, Health Insurance)
Calculating net pay and issuing direct deposits/paychecks

Class 43: US Payroll Tax Withholding Calculations

Calculating Federal Income Tax (FIT) withholding using IRS tables
Calculating FICA taxes: Social Security (6.2%) and Medicare (1.45%)
Calculating Additional Medicare Tax (0.9%) on high earners
Calculating State Income Tax (SIT) withholdings
Calculating employer-side FUTA and SUTA unemployment taxes

Class 44: US Payroll Tax Filings & Tax Payments

Preparing and reviewing Quarterly Form 941 (Employer’s Federal Tax Return)
Calculating and preparing Annual Form 940 (FUTA Tax Return)
State-level payroll returns (e.g., DE9 in California, NYS-45 in New York)
Scheduling federal payroll tax deposits via EFTPS
Managing state-specific electronic tax payment schedules

Class 45: US Year-End Reporting & Bookkeeping Entries

Generating and filing Form W-2 (Wage and Tax Statement)
Preparing and filing Form W-3 transmittal
Preparing and filing Form 1099-NEC for independent contractors
Creating and recording manual payroll journal entries in QBO
Reconciling payroll clearing accounts against bank statements

Module 7: United Kingdom Payroll System (Classes 46–50)5 classes

Class 46: UK Payroll Foundations & HMRC Registration

Registering as an employer with HMRC
Obtaining Employer PAYE and Accounts Office references
Setting up company profiles in Xero UK Payroll / QBO Payroll
Understanding the PAYE (Pay As You Earn) operational structure
Setting up employee records and starter checklists (P46 replacement)

Class 47: UK Pay Calculations & Tax Codes

Understanding standard emergency and cumulative tax codes (e.g., 1257L, BR, K codes)
Gross-to-net pay calculation procedures
Pay calculations for hourly, salaried, and variable workers
Handling non-taxable business expense reimbursements
Generating and distributing compliant payslips to staff

Class 48: National Insurance Contributions (NIC) & Workplace Pensions

Calculating Class 1 Employee National Insurance contributions
Calculating Class 1 Employer National Insurance contributions
Working with NIC thresholds (Lower Earnings Limit, Primary Threshold, Upper Limit)
Auto-enrolment workplace pension legislation and qualifying criteria
Calculating employee and employer minimum pension contribution percentages

Class 49: RTI Submissions & Statutory Payments

Submitting Full Payment Submissions (FPS) on or before each payday
Submitting Employer Payment Summaries (EPS) for reclaiming allowances
Claiming the Employment Allowance to offset Employer NICs
Calculating and tracking Statutory Sick Pay (SSP)
Calculating and processing Statutory Maternity Pay (SMP)

Class 50: UK Year-End Payroll & Journal Entries

Generating and issuing employee P60 statements at tax year-end
Generating P45 forms for departing employees
Calculating and reporting taxable benefits on Form P11D and P11D(b)
Posting complete gross-to-net payroll journal entries in Xero
Monthly reconciliation of PAYE/NIC liabilities against HMRC payments

Part 3: US Tax Filing (Individual and Business)

Classes: 32 Classes | Duration: 64 Hours

Module 8: Tax Foundations, Filing Status & Gross Income (Classes 51–53)3 classes

Class 51: Introduction to the US Tax System & IRS Regulatory Framework

Role of the Internal Revenue Service (IRS) and statutory authorities
Structure of the Internal Revenue Code (IRC)
Differences between Federal, State, and Local tax jurisdiction
Progressive tax brackets, marginal tax rates vs. effective tax rates
Filing thresholds and determining who must file a federal return

Class 52: Taxpayer Filing Statuses & Dependents

Single filing status rules
Married Filing Jointly (MFJ) vs. Married Filing Separately (MFS)
Head of Household (HOH) qualification rules
Qualifying Surviving Spouse rules
Qualifying Child and Qualifying Relative support tests

Class 53: Gross Income Determination & Inclusions

Reporting W-2 wage and salary income
Reporting taxable interest (Form 1099-INT)
Reporting ordinary and qualified dividends (Form 1099-DIV)
Reporting retirement pensions, annuities, and IRAs (Form 1099-R)
Identifying non-taxable income (gifts, inheritances, life insurance proceeds)

Module 9: Individual Taxation (Form 1040) (Classes 54–60)7 classes

Class 54: Adjustments to Income (Above-the-Line Deductions)

Educator expenses and student loan interest deductions
Health Savings Account (HSA) deduction (Form 8889)
Deductible contributions to Traditional IRAs
Self-employed health insurance deduction
Deductions for SEP-IRA, SIMPLE, and qualified solo retirement plans

Class 55: Standard Deduction vs. Itemized Deductions (Schedule A)

Annual statutory standard deduction limits by filing status
Medical and dental expenses subject to 7.5% AGI floor
State and Local Tax (SALT) deduction $10,000 cap
Qualified home mortgage interest and points deduction
Deductible charitable contributions rules and documentation

Class 56: Non-Refundable & Refundable Tax Credits

Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC)
Credit for Other Dependents (ODC)
Earned Income Tax Credit (EITC) eligibility tables and rules
Child and Dependent Care Credit (Form 2441)
Credit for the Elderly or the Disabled (Schedule R)

Class 57: Education Credits & Alternative Minimum Tax (AMT)

American Opportunity Tax Credit (AOTC) calculation and limits
Lifetime Learning Credit (LLC) rules
Form 8863 preparation and educational expense documentation
Alternative Minimum Tax (AMT) concepts and exemption amounts
Identifying AMT preference items and Form 6251 overview

Class 58: Capital Gains, Disposals & Investments (Schedule D)

Short-term capital gains vs. long-term capital gains tax rates
Form 1099-B review and cost basis reporting (covered vs. non-covered)
Form 8949 preparation: Sales and Dispositions of Capital Assets
Netting capital gains and capital losses
Annual $3,000 capital loss deduction and indefinite loss carryforwards

Class 59: Sole Proprietorship & Gig Work (Schedule C - Part 1)

Identifying taxpayers required to file Schedule C
Reporting gross sales, merchant 1099-K, and 1099-NEC receipts
Calculating Cost of Goods Sold for sole proprietorships
Reviewing statutory record-keeping and substantiation rules
Managing inventory valuation methods for small business

Class 60: Schedule C Business Deductions & Self-Employment Tax (Part 2)

Allowable operational deductions (advertising, rent, supplies, utilities)
Business vehicle expense: Standard mileage vs. actual expense method
Home office deduction: Simplified vs. regular actual expense calculation
Business meals (50% rule) vs. non-deductible entertainment expenses
Calculating Self-Employment Tax on Schedule SE (Social Security and Medicare)

Module 10: Business Entities & Pass-Through Taxation (Classes 61–68)8 classes

Class 61: Entity Classification & Business Tax Structures

Characteristics of Sole Proprietorships and Single-Member LLCs
Partnership tax characteristics (Subchapter K)
S-Corporation tax characteristics (Subchapter S)
C-Corporation corporate tax structures (Subchapter C)
Reviewing "Check-the-Box" classification regulations (Form 8832)

Class 62: Partnership Taxation (Form 1065 - Part 1)

Filing requirements and annual deadlines for Form 1065
Identifying ordinary business income and trade expenses
Distinguishing between ordinary income and separately stated items
Calculating guaranteed payments to partners
Preparing the partnership Balance Sheet (Schedule L)

Class 63: Partner Allocations & Schedule K-1 (Form 1065 - Part 2)

Partner profit, loss, and capital ownership sharing ratios
Allocating ordinary business income/loss to partners on Schedule K-1
Allocating separately stated capital gains, dividends, and section 179
Identifying self-employment income allocations for general vs. limited partners
Maintaining Partner Capital Accounts (Schedule M-2 on Tax Basis)

Class 64: Partner Basis & Loss Limitations

Inside basis vs. outside basis concepts
Tracking partner outside basis and adjusting for income/distributions
Allocating recourse vs. non-recourse partnership debt
Applying the At-Risk loss limitations (Form 6198)
Applying Passive Activity Loss (PAL) rules (Form 8582)

Class 65: S-Corporation Election & Compliance (Form 1120-S - Part 1)

S-Corporation eligibility requirements (100 shareholder limit, one class of stock)
Preparing and filing Form 2553 election deadlines and late-election relief
Filing requirements and deadlines for Form 1120-S
Identifying corporate ordinary business income and deductions
Preparing Schedule L balance sheets and Schedule M-1 reconciliations

Class 66: S-Corp Operations & Shareholder Compensation (Form 1120-S - Part 2)

IRS guidelines regarding "Reasonable Compensation" for shareholder-employees
Structuring officer salary vs. shareholder profit distributions
Handling health insurance premiums for 2%+ S-Corp shareholders
Payroll tax compliance rules specific to S-Corporations
Avoiding reclassification penalties during IRS audits

Class 67: S-Corporation Schedule K-1 & Shareholder Basis

Allocating S-Corp income, losses, and deductions per-share, per-day
Schedule K-1 preparation for S-Corporation shareholders
Maintaining the Accumulated Adjustments Account (AAA)
Calculating shareholder stock basis and debt basis
Preparing Form 7203 (S Corporation Shareholder Stock and Debt Basis Limitations)

Class 68: Qualified Business Income Deduction (QBID / Section 199A)

Overview of the 20% Qualified Business Income deduction
Deductions for sole proprietors, partnerships, and S-Corps
Qualified Trades or Businesses (QTB) vs. Specified Service Trades or Businesses (SSTB)
Income phase-out thresholds and phase-out mechanics
Applying W-2 wage and qualified property (UBIA) limitations

Module 11: Corporate Taxation (Form 1120) (Classes 69–72)4 classes

Class 69: C-Corporation Taxation Foundations (Form 1120)

Filing requirements, deadlines, and extension procedures for Form 1120
Applying the 21% flat corporate tax rate structure
Computing gross corporate income and allowable business deductions
Corporate charitable contributions limitations (10% of taxable income)
Corporate capital loss limitation rules (offsetting capital gains only)

Class 70: Book-to-Tax Reconciliation (Schedule M-1 & Schedule M-3)

Understanding financial net income vs. taxable income differences
Identifying permanent differences (tax-exempt interest, non-deductible penalties)
Identifying temporary differences (depreciation timing, bad debts, accruals)
Preparing Schedule M-1 step-by-step
Overview of Schedule M-3 for large corporations ($10M+ assets)

Class 71: Corporate Distributions, Dividends & Net Operating Losses

Earnings and Profits (E&P) mechanics: Current E&P vs. Accumulated E&P
Tax treatment of corporate distributions (Dividend, Basis Return, Capital Gain)
Applying the Dividends Received Deduction (DRD) percentages
Calculating Net Operating Losses (NOL)
Applying the 80% taxable income limitation and indefinite NOL carryforwards

Class 72: Estimated Corporate Taxes & Penalty Mitigations

Requirements for paying corporate estimated taxes (Form 1120-W)
Quarterly payment due dates (April 15, June 15, Sept 15, Dec 15)
Safe harbor rules for prior-year vs. current-year tax liabilities
Calculating corporate underpayment penalties using Form 2220
Formulating strategies to manage year-end corporate income

Module 12: Depreciation, Multi-State & Sales Tax (Classes 73–76)4 classes

Class 73: Fixed Asset Depreciation, Section 179 & MACRS (Form 4562)

Modified Accelerated Cost Recovery System (MACRS) rules
Assigning asset recovery periods (3, 5, 7, 15, 27.5, and 39 years)
Half-year and mid-quarter conventions
Annual limits, phase-outs, and property eligibility for Section 179 expensing
Bonus depreciation phase-out rules and Form 4562 preparation

Class 74: Multi-State Income Taxation & Apportionment

Domicile vs. statutory residence rules for individuals
Working with multi-state W-2s and non-resident tax returns
Corporate state income taxation nexus triggers
Applying state apportionment formulas (Sales, Payroll, Property factors)
Claiming credits for taxes paid to other states to eliminate double taxation

Class 75: US Sales Tax Principles & Economic Nexus

Origin-based vs. destination-based sales tax structures
Physical nexus vs. economic nexus thresholds (South Dakota v. Wayfair)
Analyzing state-level economic nexus thresholds ($100k sales / 200 transactions)
Marketplace facilitator collection laws
Taxable tangible personal property vs. non-taxable professional services

Class 76: Sales Tax Registration, Collection & Filing Workflows

Registering for sales tax permits across individual state revenue portals
Calculating and collecting state, county, and municipal sales taxes
Managing resale exemption certificates and validation
Preparing and filing monthly, quarterly, and annual state sales tax returns
Reconciling sales tax payable accounts against tax filings

Module 13: Tax Prep Software Labs, IRS Defense & Licensing (Classes 77–82)6 classes

Class 77: Tax Software Lab: Form 1040 Personal Preparation

Setting up individual taxpayer profiles in TurboTax and FreeTaxUSA
Entering W-2, 1040-INT, and 1099-DIV source documents
Inputting standard vs. itemized deductions
Testing education, child, and earned income tax credits
Diagnostic error checking and generating complete 1040 draft returns

Class 78: Tax Software Lab: Schedule C Self-Employed Returns

Setting up self-employed client profiles in Intuit ProConnect / TaxAct
Entering 1099-NEC and 1099-K commercial receipts
Allocating allowable automobile expenses (standard mileage method)
Entering home office and business equipment depreciation
Reviewing Self-Employment tax schedules and preparing final returns

Class 79: Tax Software Lab: Partnership & S-Corp Returns (1065 / 1120-S)

Entering business balance sheets and trial balances in professional software
Populating Form 1065 trade deductions and generating Schedule K-1s
Populating Form 1120-S officer wages, deductions, and shareholder K-1s
Reviewing Schedule M-1 reconciliations
Running software diagnostics and preparing final e-file transmission packets

Class 80: Tax Extensions, Amendments & Corrective Returns

Preparing Form 4868 automatic extension requests for individuals
Preparing Form 7004 automatic extension requests for business entities
Understanding extensions of time to file vs. obligations to pay taxes
Preparing Form 1040-X amended individual income tax returns
Preparing amended corporate and partnership returns (1120-X, 1065-X)

Class 81: IRS Notices, Penalties & Audit Representation Basics

Analyzing common IRS notices (CP2000, CP504, Notice of Deficiency)
Formulating formal written responses to IRS inquiries
Requesting first-time penalty abatements and reasonable cause letters
Setting up Installment Agreements and Online Payment Agreements
Overview of Offers in Compromise (OIC) for tax debt settlement

Class 82: Professional Preparer Licensing & Enrolled Agent (EA) Roadmap

Applying for an IRS Preparer Tax Identification Number (PTIN)
Circular 230 ethical regulations and professional standards
Overview of the Enrolled Agent (EA) credential
Breakdown of the Special Enrollment Examination (SEE): Part 1 (Individuals)
Breakdown of SEE: Part 2 (Businesses) and Part 3 (Representation and Practice)

Part 4: UK Tax Returns & VAT Return

Classes: 20 Classes | Duration: 40 Hours

Software Used: FreeAgent, DTax Filer, TinyTax, Easy Digital Filing, Easy MTD VAT, QuickBooks Online, and Xero

Module 14: UK Tax System & Self-Assessment Returns (Classes 83–87)5 classes

Class 83: Introduction to HMRC & UK Tax System

Overview of HM Revenue and Customs (HMRC) structure and authority
Understanding the UK Tax Year timeline (6 April – 5 April)
Unique Taxpayer Reference (UTR) registration process for individuals and businesses
Government Gateway business and personal account creation
Applying the UK Personal Allowance (£12,570) and personal allowance taper
UK income tax bands: Basic rate (20%), Higher rate (40%), and Additional rate (45%)
Statutory self-assessment filing deadlines and compliance timelines

Class 84: Self-Assessment Core Return (SA100 Core)

Complete structural walkthrough of Form SA100
Extracting and reporting employment earnings, PAYE tax, and student loans from Form P60 and P45
Reporting untaxed and taxed UK bank interest
Reporting dividend vouchers and calculating dividend tax allowance
Claiming standard personal reliefs and Blind Person’s Allowance
Practical Software Workshop: Setting up and completing SA100 in FreeAgent & DTax Filer

Class 85: Supplementary Schedules (SA102, SA103 & SA110)

Employment income supplementary pages (Form SA102)
Self-employment trade income and business turnover (Form SA103)
Categorizing allowable business expenses vs. non-allowable expenses
Working with simplified expenses (flat rate vehicle, home office)
Tax calculation summary and liability reconciliation (Form SA110)
Claiming Marriage Allowance transfers and Foreign Tax Credit Relief

Class 86: Property Income Schedule (SA105) & Rental Relief

Detailed walkthrough of the Property Supplementary Page (Form SA105)
Differentiating between residential lettings and commercial property income
Allowable landlord operational expenses: repairs, management fees, ground rent
Capital expenditure vs. allowable revenue expenses
Applying the Replacement of Domestic Items Relief (RDIR)
Practical Case Study: Calculating taxable property profits and completing Form SA105

Class 87: Partnership Tax Returns (SA800, SA801–SA804 & SA104)

UK partnership legal frameworks and HMRC registration requirements
Detailed structural walkthrough of the Partnership Tax Return (Form SA800)
Reviewing Partnership supplementary pages: Trading (SA801), Property (SA802), Disposals (SA803)
Calculating partner profit-sharing ratios and partnership allocation schedules
Transferring individual partner profit/loss share onto the Individual Partner Return (Form SA104)
Managing paper filing deadlines (31 October) vs. online filing deadlines (31 January)

Module 15: Corporate Tax (CT600) & Capital Allowances (Classes 88–91)4 classes

Class 88: Corporate Tax Foundations (CT600 - Basics)

Overview of Corporation Tax legislation and filing requirements
Accounting periods vs. HMRC financial tax years
Navigating the structure of Form CT600
Adjusting accounting profit to calculate taxable trading profits
Identifying disallowable add-backs: depreciation, client entertainment, legal expenses
Practical Software Lab: Setting up and reviewing statutory accounts in Easy Digital Filing

Class 89: Advanced CT600, Capital Allowances & Tax Reliefs

Applying the Annual Investment Allowance (AIA) rules
First Year Allowances (FYA) and full-expensing capital investment provisions
Writing-down allowances: Main Pool (18%) vs. Special Rate Pool (6%) assets
Small Pools Allowance calculations
Fundamentals of Research & Development (R&D) small business tax relief
Practical Workshop: Calculating capital allowances and completing CT600 plant/machinery schedules

Class 90: Director’s Loan Accounts & Specialized CT600 Schedules

Mechanics and statutory risks of the Director’s Loan Account (DLA)
Tax implications of overdrawn director's loan accounts
Section 455 tax calculations on loans to participators
Preparing and attaching Schedule CT600A for loans to directors
Devising tax-efficient salary vs. dividend structures for UK director-shareholders

Class 91: Capital Gains Tax (SA108) & Corporate Asset Disposals

Principles of Capital Gains Tax (CGT) and annual individual exemptions
Reporting individual capital disposals using Form SA108
Business Asset Disposal Relief (BADR / Entrepreneur’s Relief) qualifying criteria
UK residential property 60-day CGT reporting and payment rules
Corporate chargeable gains calculations and indexation allowance rules

Module 16: Deadlines, Penalties & Real-Life Tax Projects (Classes 92–93)2 classes

Class 92: HMRC Deadlines, Penalties & Surcharges

Complete deadline calendar: Self-Assessment (SA100/SA800) and Corporation Tax (CT600)
Calculating "Payments on Account" and balancing payments
HMRC fixed late-filing penalty rules (£100 automatic penalty)
Daily penalties, 6-month, and 12-month percentage penalties
Late-payment interest charges, surcharges, and filing formal penalty appeals

Class 93: Comprehensive Multi-Income Client Case Study

Reviewing source records for a multi-income client (PAYE job + freelancing + property letting)
Preparing complete tax calculations including personal allowances and basic/higher tax bands
Performing data reconciliation and error-checking protocols
Identifying common HMRC return submission errors
Final client return sign-off and filing preparation review

Module 17: UK Payroll & Workplace Compliance (Classes 94–95)2 classes

Class 94: UK Payroll Fundamentals & PAYE System

Statutory mechanics of the Pay As You Earn (PAYE) system
Class 1 National Insurance Contributions (NIC): Employee vs. Employer rates
Employer vs. employee legal responsibilities
Gross pay to net pay salary deductions and payslip compliance
Interpreting tax code letters (L, M, N, T, K, BR, 0T)
Real-Time Information (RTI) submission rules and record retention compliance

Class 95: Practical Payroll Software Workshop

Setting up new employers in QuickBooks Online Payroll and Xero UK Payroll
Employee profile setup, tax codes, and National Insurance category assignments
Configuring workplace pension auto-enrolment schemes (NEST, The People's Pension)
Generating and distributing digital payslips
Executing Full Payment Submissions (FPS) and Employer Payment Summaries (EPS)
Performing monthly payroll liability reconciliations against HMRC payments

Module 18: UK VAT Returns & Making Tax Digital (MTD) (Classes 96–97)2 classes

Class 96: VAT Fundamentals, Rates & Registration Thresholds

UK Value Added Tax (VAT) principles and statutory registration threshold
Voluntary VAT registration vs. compulsory registration rules
VAT rate structures: Standard (20%), Reduced (5%), and Zero-rated supplies
Input VAT (purchases) vs. Output VAT (sales) reconciliation
Applying Postponed VAT Accounting (PVA) for imported goods

Class 97: Making Tax Digital (MTD) VAT Practical Filing

Making Tax Digital (MTD) statutory digital record-keeping requirements
Comparing VAT Schemes: Standard Invoicing Scheme vs. Flat Rate Scheme
Calculating and verifying the 9 standard VAT Return boxes
Submitting digital VAT returns directly via QuickBooks Online and Xero
Using bridging software (Easy MTD VAT) to submit returns from digital spreadsheets

Module 19: UK Real Estate Accounting (Classes 98–99)2 classes

Class 98: UK Rental Property Accounting & Section 24 Rules

Chart of Accounts setup for individual and corporate landlords
Tracking gross rental receipts, arrears, and property management fees
Treatment of mortgage interest under Section 24 (Finance Act 2015)
Calculating the 20% basic rate tax reducer for finance costs
Tracking tenant deposits and statutory Tenancy Deposit Scheme compliance

Class 99: Property Development & Business Accounting

Accounting for property flipping: Trading income vs. capital gains treatment
Construction project cost tracking and job-costing workflows
Construction Industry Scheme (CIS) deductions and monthly CIS return filings
Applying Domestic Reverse Charge VAT rules for construction services
Structuring property Special Purpose Vehicles (SPV limited companies)

Module 20: E-commerce Accounting for the UK Market (Classes 100–102)3 classes

Class 100: Amazon UK & eBay UK Marketplace Accounting

Analyzing bi-weekly Amazon Seller Central settlement statements
Reconciling Amazon UK gross sales, merchant fees, and FBA storage costs
Accounting for customer refunds, returns, and promotional vouchers
Reconciling eBay managed payments and seller transaction fees
Posting automated e-commerce journal entries to Xero and QBO

Class 101: Shopify UK & Payment Gateway Reconciliations

Navigating the Shopify UK financial analytics dashboard
Tracking UK domestic VAT vs. overseas zero-rated export orders
Reconciling payment gateway transaction fees (Stripe, PayPal UK, Klarna)
Integrating e-commerce bridging connectors (Link My Books / A2X)
Reconciling net bank payout deposits against storefront gross sales

Class 102: Multi-Channel Selling, Cross-Border VAT & Final Practice

Accounting workflows across multi-channel retail (BigCommerce, WooCommerce)
Managing cross-border transactions under the Northern Ireland Protocol
Overview of the EU One-Stop Shop (OSS) and Import One-Stop Shop (IOSS)
Automating recurring bookkeeping pipelines for multi-channel clients
Final course review, live Q&A, and launching international UK accounting services

Freelance Marketplace Deployment & Career Outcomes

Graduates of this 102-class diploma are qualified to provide end-to-end accounting services across major international freelance platforms:

Freelance Platforms: Upwork, Fiverr, PeoplePerHour, Freelancer.com, and LinkedIn.

Core Global Service Offerings:

Complete Cloud Bookkeeping & Cleanup (QuickBooks Online & Xero)

US Individual & Business Tax Preparation (Forms 1040, Schedule C, 1065, 1120-S, 1120)

US State Sales Tax Nexus & Compliance Filing

UK Self-Assessment Tax Returns (SA100, SA800, SA102–SA105)

UK Corporation Tax Returns (CT600, CT600A)

MTD-Compliant UK VAT Returns (Standard & Flat Rate Schemes)

Full-Cycle Payroll Management (US Gusto/QBO & UK RTI Submissions via Xero)

Specialized Niche Accounting (E-commerce Multi-Channel & Real Estate Portfolios)

Course benefits

Higher Earning Potential – Build in-demand expertise in Bookkeeping, QBO, Xero, US & UK Tax, Payroll, E-commerce, and Real Estate Accounting, allowing you to offer higher-value services to international clients.
Global Job Opportunities – Develop practical skills for remote accounting and bookkeeping jobs worldwide, with specialized knowledge covering both the US and UK accounting markets.
Multiple Freelance Income Streams – Start offering services such as bookkeeping, cleanup, reconciliation, payroll, tax preparation, VAT returns, sales tax, and financial reporting through platforms like Upwork, Fiverr, PeoplePerHour, Freelancer.com, and LinkedIn.
Work With Real-World Businesses – Gain specialized accounting experience in high-demand sectors including Amazon, Shopify, eBay, e-commerce businesses, rental properties, real estate, and property development.
AI & Automation Advantage – Learn modern AI-powered accounting workflows, OCR document processing, automated transaction categorization, anomaly detection, and digital document management to work more efficiently.
Complete US & UK Expertise – Develop a broader professional skill set by learning US federal & state tax, UK Self-Assessment, Corporation Tax, VAT/MTD, US & UK payroll, and international bookkeeping in one diploma.
Professional Software Skills – Gain hands-on experience with 14 global accounting platforms and tools, including QuickBooks Online, Xero, Gusto, Dext, Hubdoc, TurboTax, ProConnect, FreeAgent, and more.
Freelancing & Client Acquisition Skills – Learn how to create specialized profiles, write winning proposals, package accounting services, set pricing, onboard clients, and build long-term international client relationships.
Long-Term Career Growth – Develop a comprehensive accounting skill set that allows you to work across bookkeeping, payroll, tax preparation, VAT, e-commerce, real estate, and freelance accounting, creating multiple pathways for professional growth.

Upcoming batches

Next batch schedule will be announced soon.Ask the training team.

Diploma in Bookkeeping, Payroll, and Tax Preparation (US & UK)