5
Secrets to Mastering the Tax Credit Rules
If you have ever experienced the headaches and frustrations that come with
learning or teaching the complex compliance and management requirements of
the Tax Credit Program, consider the discovery of this website as your
"prescription" to a healthy new way of life!
Tax Credit compliance is difficult. There is A LOT to it. The rules are
complicated. And there are a lot of them. Throw in the complications
caused by State-specific rules, numerous gray areas, and the likelihood of
other Programs being on your property, you can see why learning and
teaching this stuff causes migraines.
In the past, the only way to obtain Tax Credit training was to attend a
workshop or seminar. Often this meant traveling out of town for several
days and sitting through a lengthy course. Thankfully, those days are
over.
That model didn't work very well anyway. By attending a 1, 2, 3 or even 5
day training seminar, you are expecting miracles. Quite frankly, lengthy
compliance workshops are boring. Students tend to have difficulty paying
attention. Retention becomes minimal. Confusion and misunderstandings are
common.
Instead, the secret to really, truly becoming proficient with this stuff
is...
Secret #1: Take bit sized courses in an environment that is comfortable!
Traditional seminars don't fit the realities of our lives. We are busy
people. Our properties are like children and can't be left alone or
unattended for long.
Most attendees have to move mountains to come to such an event and often
when they arrive are strapped to their cell phones the entire time because
they can't fully leave their jobs behind.
A traditional 2 day seminar is like a lifetime away from the office!
But, by taking short, to-the-point courses on a specific concept or rule,
in an environment you are familiar and comfortable with,
you can learn and keep your other irons in the fire burning.
Secret #2: Hear the information when you are in a relaxed state of mind
which means on your schedule not when you have a million and 1 things to
tackle at the same time.
Traditional seminars are scheduled without consideration to your schedule.
Often they come to town at inconvenient times but because you know you
need this information and know that this is your only opportunity, you
drop everything to attend.
It is nearly impossible to learn when your head is elsewhere!
By having the courses available on your schedule, you triple your
retention!
Secret #3: Tackle the complicated rules in chunks allowing your brain to
fully grasp the information before it is forced to move on to another
rule.
Traditional seminars pack in a lot of information. They have to. They come
to town once maybe twice a year.
It is not uncommon for these workshops to tackle 10 to 15 complicated
rules. But our brains don't work that way. At the most we will retain 2 to
3 concepts fully.
This means over 80% of the information given is not retained!!!
By learning the rules in chunks you are matching the way
our brains learn increasing your retention tenfold!
Secret #4: Have the rules not just explained but illustrated so you can
see how they work and then having the opportunity to practice them
yourself showing you how to truly master them in your own world!
Traditional seminars are lectures taught by someone standing behind a
podium.
But we learn in multiple ways... hearing, seeing and doing. Most lectures
only use one learning method... hearing. A few also throw in some visual
learning with a slide show.
But the learning method that has the biggest impact on our learning and
retention is the actual "doing" and traditional seminars are ill-equipped
for this.
By taking courses that use all 3 learning methods
you will master the concepts quickly and easily and
most importantly successfully transfer them into your job!
Secret #5: Repeat the concepts until you have it!
Traditional seminars have an agenda they must stick to. Time is a
constraint and there is a lot of material to get through before the end.
However, we all learn at different paces. Sometimes a concept strikes a
chord with us and we become fixated on it causing us to miss the next
agenda topic. Other times we find ourselves in the midst of a topic we
have already mastered or doesn't apply to us so we become bored and find
ourselves "waking up" in the middle of the next topic that is important
and now we find ourselves lost. Or maybe... we just didn't get it and now
the instructor is moving on to a new topic!
By taking courses at our own pace,
we can repeat information until we have got it,
skip information we have already mastered or doesn't apply,
and fixate on topics that are really, really important to us
taking as much or as little time as we need!
Now that is learning!! That is how you grasp and retain!!
Learn
more about how the Housing Credit Online Training Center implements these
training secrets and will have you mastering compliance today