Lending Tax Return Analysis Training - Pros and Cons

Transcription

1 AgLending Tax Return Analysis Training Linda Keith CPA October 2013 Madison, WI Feedback from USDA- FSA/WI attendees Question 1: On a 1-10 scale how likely are you to recommend this to a colleague Average response: 9 Question 2: Why did you select that number? Question 3: On a 1-10 scale, how did you rate your competence and confidence before and after our two- day training? Average increase of all attendees: 21%. Average increase of those rating themselves 1-3 before: 29% Individual responses: Mary Brian Amber 2. There were a lot of good explanations regarding tax forms. Rec d a lot of good material to take back and use when needed. 3. Before 4, After 7 2. Training did a very good job at analyzing taxes & showing what info was and was not relevant. It showed what numbers to use & what they meant. 3. Before 5, After 7 2. Linda explains tax analysis in an interactive and intriguing way. It would be best for FSA to have a specific workshop on how FSA wants us to get the #s and put them in WEM. 3. Before 1, After 4

2 Chris 2. Would highly recommend for any FLO help to know what # is to pull & what these actually mean. 3. Before 8, After 9. Could use more on corporate law. Mitch 2. I have been with the agency for about one year. I have never had any training on how to analyze or even how to read taxes. I never really thought they were that useful and now I realize that I thought that because I didn t know how to read them. Not a 10 because there is always room for improvements. 3. Before 2 or a 1. After 5-6. Tammy 2. Good training, a lot of info crammed into 2 days. 3. Rated myself yesterday = 4. Today = 6. Sandy 1. Recommend 8 2. Why: A great deal of information and how to use it. Linda showed where to look for things and why. Also showed how to analyze the numbers. Good reference materials. 3. Went from a 2 to a 5. Jeff This was exactly what I expected for our organization. For seasoned employees, they will get a refresher on tax analysis and learn new things. Essential for new credit analysts and loan officers alike. 3. Rated myself a 7 yesterday and 8-9 today. Jennifer 1. Recommend 9 2. Why taxes are so complicated, and this gives a great method how to approach a tax document. As a beginner, at least I now have a plan of attack for looking at a tax return. Also, you are a great teacher!! Thanks! 3. Yesterday rated 1. Today rating 4.

3 Tom 1. Likelihood Recommendation: 9 2. Why: Very informative to understand much more than Schedule F. Dealing w/more + more multiple entity applicants/borrowers. Also recommend returning for update. 3. Before 6. Now 6-7. Know much more but realize what I did not understand previously. Jo 2. Very clear, entertaining + pertinent to our jobs. Great take home materials follow up with hands on WEM application would be useful. 3. Before 3. After 4. John 2. More confidence better loans. More professional results + consistency. 3. Before 3. After 7. Sheri 1. Yes, recommended to others Very informative, showed where # are located. Good background on entities. Explanation of differences between entities. 3. Rated 7 1 st day, 2 nd day 8. Jessi highly likely 2. I choose this number because of the great information provided on understanding taxes and increasing my ability to make better loans by learning what the numbers actually mean Before. 5 After. Brock 2. Very likely. Well presented. Could follow process and gained useful knowledge 3. Rating yesterday 4. Now 6.

4 Lisa 1. Recommend to colleague 9 2. Although more advanced than I probably needed in my career, it was excellent at giving me tools to make good loan decisions as well as understand my own taxes better. It helps to explain how and why taxes are the way they are and work. 3. Yesterday I rated myself a 3. I now realize how truly easy taxes are to read and understand. Ginger 2. Very useful for everyday work. Helped put pieces into tax return puzzle. Learned a lot about entity returns and how they work. Added another resource to use when have questions. 3. Yesterday 6; today 8 Overall excellent training. I enjoyed very much, Thank You Linda and FSA. Dan O Brien Ashley or 9 2. Think it would be very good for someone who has limited experience (like 1 or 2 years) that could learn more things (build off experience) about different tax filings and to better understand where the # s come from. 3. I would say moved up 1 or 2 points from 4 or 5 to 5 or 6. Thought it was very good.! Recommendation excellent 2. I ve learned and was opened up to many things /items w/in the dif. Tax returns. Also, it helped w/the different entity types + applicable tax forms. Much of the info/knowledge gained I will be able to take home to family farm. Plus, I d like to get a refresher course if in area again. 3. Level went from 3 or 4 to 4 or 5. I ve learned much more but not as much as perceived I knew before.

5 Brad 2. I probably never use 10 s. I really learned more than I expected coming in to the training. Actually, it was incredibly beneficial to my office and personal life. 3. Rated a 5 yesterday, maybe a 7.5 today. Got a sister that is a CPA. Can t wait to ask her questions. Thanks Dennis or 9 2. Recommended even higher to all Farm Loan Officers and Loan Analysts. Program teaches inputting data also high and other programs teach less yesterday, 7 or 8 today.