Accountax School of Business

 A Profile in Education

www.accountax.us

Vocational and Career Studies

   

  

Vocational Education and Career Studies

We have submitted an application to the Chicago Cook Workforce Investment Board ( WIB). If our application is approved, Accountax School of Business will be in partnership with WIB in providing training programs, funded by WIB, that are designed to enhance employment opportunities.

As a workforce center our school will promote training in programs leading to demand occupations and within targeted industries.

These programs are designed to:

·        Encourage students to be creative in a free style learning environment

·        Help students graduate to higher levels of education

·        Promote skill attainment

·        Provide continuing education for the adult learner and other professionals

It is the goal of the institution to:

·       equip students aspiring to meet  industry standards for working in the business environments.

·       become business professionals 

·       encourage students in to pursue continuing education

 

Our objective is to provide the academic tools for skill development while continuing to strengthen and motivate our students.

The following programs are listed under the category and target industry of Business and Professional Services:

Enrolled Agent Review Program

Enrolled Agents ( EAs) are tax practitioners with technical expertise in taxation and are fully authorized to represent taxpayers before all administrative levels of the Internal revenue Service including audits collections and appeals. Only Enrolled Agents, Attorneys, and CPA's are licensed to practice before the IRS and represent clients.

The Enrolled Agent Review Program is designed to prepare students for a career as a tax professional. Enrolled Agents are in high demand in small and large accounting firms, law firm, corporate accounting departments, state departments of revenue, investment firms, banks, and in private practice. Enrolled agents are Tax Experts and Tax Professionals. The average U.S. Salary for an Enrolled Agent is $45,000.

The Enrolled Review Program study material consists of three areas of taxation and one course in business mathematics.

Individual Taxation- Tax preparation and tax law for individual returns
Business Taxation- Tax preparation and tax law of small to large corporations, and other business entities
Representation, Practice and Procedures- Representing clients before the Internal Revenue Service using ethical practices and procedures per IRS circular 2.30.

Business Mathematics-This course is designed to help students develop competencies in mathematics for business and personal use. Students will begin with a basic math review and use these skills in real-life problem solving. The course focuses on awareness of consumer-related issues and strives to help students become "more informed" consumers.

After a student completes the Enrolled Agent Review, they take the Special Enrollment Examination ( SEE) at a Prometic local site. Prometric is the only testing site authorized, by the IRS, to give the SEE examination.

Once a student passes all three parts of the SEE examination , a federal license is issued by the Internal Revenue Service. Students who pass the examination and receive their EA license, from the Department of Treasury/ IRS, may practice in all jurisdictions governed by the Internal Revenue Service.

In addition, According to the Internal Revenue Service Circular 230, 10.6(g) Enrolled Agents must qualify for the renewal of enrollment. In order to qualify for renewal of enrollment, an individual enrolled to practice before the Internal Revenue Service must certify on the application for renewal form prescribed by the Director of Practice that he or she has satisfied the requirement for continuing professional education. Requirements for enrollment cycle. A minimum of 72 hours of continuing education credit must be completed during each enrollment cycle. A minimum of 16 hours of continuing education credit, including 2 hours of ethics or professional conduct, must be completed during each enrollment year of an enrollment cycle.

We also provide the 72 hours of continuing education material, as an IRS Continuing Education Provider, to qualify for the Enrolled Agent Renewal. 72 Hours of continuing education must be completed within three of of becoming an Enrolled Agent in order to renew the license. The cost of the continuing education over a three year period is included in the cost of the Enrolled Agent Review Program.

 

Business Law Clerical Program

This program prepares students to work in the clerical fields as law clerks, record clerks, and courtroom clerks. The salary for these professions varies according to work experience. 

The business law clerical program consists of four courses;

·       Law for Businesses- This course focuses on business contracts and agreements, transfers of title, negotiable instruments, promissory notes, and other business documents.

·       Personal Law –This course focuses on laws that affect our interactions and involvement with personal contractual obligations.

·       Consumer Law- This course focuses on consumer and debt protection laws.

      Business Communications-This course teaches students effective communication.  It addresses communication with diversity and appropriate grammatical skills.  The course encompasses all types of writing, communication, and technology skills needed to successfully function in the workplace.

 

General Business Program

Business clerks or assistants are in high demand in every profession; accounting firms, law firms, corporate accounting departments, state departments of revenue, investment firms, banks, medical facilities and in private practice. The salary varies according to experience and education.

The general business program consists of four courses:

·       Business Communications-This course provides instruction on effective communication.  It addresses communication with diversity and appropriate grammatical skills.  The course encompasses all types of writing, communication, and technology skills needed to successfully function in the workplace.

·       Business Mathematics-This course is designed to help students develop competencies in mathematics for business and personal use.  Students will begin with a basic math review and use these skills in real-life problem solving. The course focuses on awareness of consumer-related issues and strives to help students become "more informed" consumers.

·       Personal Finance-This course teaches students how to make good financial decisions in the global economy.  It prepares students in living comfortable lives for themselves and their families using reasonable, economy-based calculations to manage finances.

·       Computer Office Programs- This course covers programs in Excel, PowerPoint, Outlook, and Word.                       

 

Financial Accounting/Clerical Program

Financial accounting clerks are employed in small and large accounting firms, law firm, corporate accounting departments, state departments of revenue, investment firms, banks, and in private practice. The salary for these professions varies according to work experience. 

The financial accounting clerical study program consists of four courses;

  • Financial Accounting-This course focuses on the balancing of debits and credits, preparation of financial spreadsheets, and preparation of financial statements

  • Business Mathematics-This course is designed to help students develop competencies in mathematics for business and personal use.  Students will begin with a basic math review and use these skills in real-life problem solving. The course focuses on awareness of consumer-related issues and strives to help students become "more informed" consumers.

  • Business and Personal Finance-This course teaches students how to make good financial decisions in the global economy.  It prepares students in living comfortable lives for themselves and their families using reasonable, economy-based calculations to manage finances. 

  • Payroll- This course teaches students how to process payroll. It covers gross earnings, gross pay for various compensation methods, payroll deductions, and employee’s earnings record and payroll register.

 

Once a student completes the requirements for any of the vocational and career programs and attains a 75% completion on the examinations, a certificate of completion will be awarded.