Gabriel Lip – CFI Education – Modeling Taxes for Different Business Structures

Description

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Gabriel Lip – CFI Education – Modeling Taxes for Different Business Structures
Modeling Taxes for Different Business Structures

Improve your business Excel by learning new tips and tricks! In this lab, we will work with Excel tables and model data to demonstrate how to evaluate the income taxes of different business structures.

Use Excel to develop a basic tax model that informs business structure decisions
Enhance your productivity by learning best practices and useful keyboard shortcuts
Reduce the risk of model errors by practicing logical steps to evaluate information

Overview

Modeling Taxes for Different Business Structures Overview

In this guided Practice Lab, we will use personal and corporate tax information to create a basic income tax model and understand how forms of business structure give rise to different taxes. We will enhance your productivity by practicing several different keyboard shortcuts and format models using best practices, work with Excel tables, and gain comfort around analysis calculations. By the end of this lab, you will understand how to set up tables in Excel and perform modeling with data using tools such as MATCH, INDEX, XLOOKUP, and Goal Seek.
Modeling Taxes for Different Business Structures Learning Objectives

Analyze different models to use and their tax implications.
Practice various keyboard shortcuts to work through Excel efficiently.
Develop foundational modeling skills using Excel Tables and Structured references.
Interpret key financial data to inform business decisions.
Estimate taxes at two levels of government and under progressive and flat tax regimes.

Who Should Take This Course?

This Modeling Taxes for Different Business Structures Practice Lab is perfect for any aspiring or early-stage credit professionals, including business and commercial bankers, credit analysts, real estate lenders, equipment finance, loan & mortgage brokers, and other private (non-bank) lenders.
What you’ll learn
Introduction

Course Introduction

Scenario Introduction

Excel Introduction

Learning Objectives

Download Course Files
Working with Tables in Excel

Table – Set Up Columns

Table – Create

Table – Calculate Marginal Tax

Table – References, Calculate Minimum Tax

Table – Fill Down

Interactive Exercise 1

Table – Name, Number Format

Table – Paste Formatting, Use Group

Table – Corporate Tax

Table – Practice Formatting

Table – State Individual Tax

Table – Enter State Individual Tax

Interactive Exercise 2

Table – Practice State Individual Tax

Table – Enter State Corporate Tax

Table – Practice State Corporate Tax
Preparing a Model in Excel

Model – Taxable Income, Define Name

Interactive Exercise 3

Model – Calculate Federal Individual Tax

Model – Find Data within Tables

Model – Use MATCH with Tables

Model – Use INDEX with Tables

Model – Use XLOOKUP with Tables

Interactive Exercise 4

Model – Review Tables and References

Model – State Individual Tax

Model – Modify References

Model – Practice References

Model – Individual Tax Total

Model – Practice Formatting

Interactive Exercise 5

Model – Corporate Tax, Find and Replace

Model – Review Model

Model – Goal Seek
Course Summary

Download Completed Model

Conclusion
Qualified Assessments

Download Exam Models

Qualified Assessments