How to Prepare an M-1 Workpaper l Book to Tax Differences l Intro to Corporate Taxes (Part 1)

Рет қаралды 9,978

Күн бұрын

Hey guys,
In this video, I go over the M-1 workpaper also known as the Book to Tax Workpaper. This is one of the common workpapers you will encounter in the U.S. corporate tax field. If you studying for REG, trying to do your own company taxes, or are going into the public accounting tax field, this video is for you!
The M-1 Workpaper as well as the Notes are linked below!
Enjoy!
Jen
Connect with me:
🔔 Subscribe: / financialmatter
➡️ For 1:1 Coaching & Resume Review: beacons.ai/financialmatter
🧡 Etsy Shop for Accounting & CPA Stickers: www.etsy.com/listing/11583927...
✨ Instagram: / financialmatter
Notes:
Schedule M-1 Notes :drive.google.com/file/d/1frXU...
Schedule M-1 Book to Tax Spreadsheet (In order to edit, make a copy): docs.google.com/spreadsheets/...
Music 🎵:
Track: Travel With Us - Vendredi [Audio Library Release]
Music provided by Audio Library Plus
Watch: • Travel With Us - Vendr...
Free Download / Stream: alplus.io/travel-us
#BooktoTax #CorporateTaxes #TaxTutorial #ScheduleM1

Пікірлер: 35

@user-fl8fx3rm6b 9 ай бұрын

recently joined as tax analyst in a company in training session they m1 adjustment for 3 hours. i didn't understand anything but i got a idea in in your video in 15 minutes itself. need more videos from you on tax if there is already, please pin a playlist for that

@UNIQUEONE-eb8zs 6 ай бұрын

THANK YOU!! i am a staff that never tried but now got a new job scared lol i am a senior and dont know the basics

@pomfret0804 2 жыл бұрын

I’m studying for Reg and I’m so thankful!!! Can’t wait to watch more videos!

@FinancialMatter 2 жыл бұрын

TY! Glad you thought it was helpful! ☺️ more to come!

@hitomi2065 3 ай бұрын

This is what I was looking for, your explanation was easy to understand, thank you so much!

@trevoryikai 10 ай бұрын

Very helpful! Thanks a bunch!

@itskath2352 Ай бұрын

Simple and easy to understand. Thank you so much!

@dethmetal1396 2 жыл бұрын

Fantastic explanation! I've been struggling with this at my internship.

@FinancialMatter 2 жыл бұрын

Glad it was helpful! 😀

@yesseniarangel3940 2 жыл бұрын

Perfect timing for my tax internship! Thank you!

@FinancialMatter 2 жыл бұрын

There will be more videos like this ☺️

@tommychen6102 2 жыл бұрын

You're a great teacher :)!

@FinancialMatter 2 жыл бұрын

Thank you!

@Bamaflier 2 жыл бұрын

Thank you! Looking forward to the future videos! Tax Depreciation vs Book Depreciation makes my brain hurt...lol

@FinancialMatter 2 жыл бұрын

No problem! ☺️ I’ll go into more detail on that in my next tutorial video.

@SohanNalla2596 2 жыл бұрын

Please do a video on how to prepare extension workpapers for corporate and partnership tax returns using M-1 adjustments and States A&A info from PY WP

@guysmarket3285 9 ай бұрын

This was great. Was wondering if you had a more complex example we could work on.

@remuspierre7573 Жыл бұрын

Good advice

@johnmaloney1784 11 ай бұрын

Hi Jen, thanks for the video. With respect to Net Income - what would be the correct about of Net Profit the $150K or $149K from a lender's perspective? Thanks!

@chaituchaitanya8185 17 күн бұрын

Hi, could you tell me where did you see tax depreciation $14,000 in FS please elaborate it

@moparnas8377 2 жыл бұрын

Hi Jen, great tutorial! Can you please do more videos like this?

@FinancialMatter 2 жыл бұрын

Yes! 👍

@moparnas8377 2 жыл бұрын

@@FinancialMatter thank you, can't wait!!

@MrVrkvenk 2 жыл бұрын

Can you please show us how to prepare a depreciation work paper 4562? I am into SALT and do not have experience in federal. So if you could make some videos that would be amazing.

@UNIQUEONE-eb8zs 6 ай бұрын

do you have a video on how to do quarterlt tax estmates ??

@alanabraham1265 Жыл бұрын

Can you give a tutorial for m3 as well with a small case study?

@greatdeft 2 жыл бұрын

Extremely helpful guide to understanding the concept in my accounting class! Quick question did you have to convert accrual basis to modified cash basis or cash basis before/after doing the m-1 reconciliation? My class tells me tax uses a modified cash basis

@FinancialMatter 2 жыл бұрын

Hihi! Not all companies need to file their taxes on accrual basis. There’s a separate worksheet for these businesses that convert their accrual basis to cash basis. Afterwards, we then do the M-1 Workpaper. Lmk if you have any other questions!

@greatdeft 2 жыл бұрын

@@FinancialMatter can’t wait for more of your videos :) I can tell you’re a great teacher by making complicated subjects simple

@keerthanav1227 7 ай бұрын

Hi Jen ,, recently I joined as tax consultant in private company , I am in my training period , my field of return is 1065 ( they taught to tie an equity ) Adjusting entries ,, ( kindly post the vedio on that ,,, { thank you Jen}