CPE Catalog & Events

FASB ASC 740. Comparison of FASB ASC 740 to IAS 12. Intra-period tax allocation. Business combinations.

Cybersecurity for the CFO - Ransomware and Beyond Identifying weaknesses within your cybersecurity. What are some of the more common threats? Understand your most vulnerable risk - your employees, including you. Is an IT Disaster Recovery plan sufficient? The pros and cons of the cloud. Detecting Internal Fraud - Expect the Unexpected Two-thirds of small businesses will experience some form of employee fraud according to the Better Business Bureau. 30% of business failures result from employee fraud. We discuss common frauds and fraudsters and identify realistic ways for businesses to take steps to prevent becoming the next victim. Mergers and Acquisitions - Tips and Speed Bumps to Avoid Despite the great initial promise of many mergers and alliances, few seem to yield the anticipated results. Numerous studies indicate that between 55% and 77% of mergers fail to accomplish their intended purpose. Learn how to identify, execute, and consummate mergers and acquisitions that create shareholder value while avoiding the many traps that can cause post-acquisition failure. Transition Smoothly in Business- Success and Fun in Your New Role. Every professional will change roles many times. How do you transition smoothly and understand those who you will work with? How do I fit in? How do I learn what to do and what not to do? We will prepare you on how to move on and be successful!

Discuss the most recent individual income tax legislation passed to date (e. g. , American Rescue Plan Act, SECURE Act, CARES Act and COVID-related Tax Relief Act, Taxpayer Certainty and Disaster Relief Act and Tax Cuts and Jobs Act). Review numerous individual income tax provisions related to business (i. e. , sole proprietors and owners in pass through entities) including but not limited to the 20% qualified business income (QBI) deduction. Schedule 461(l) business loss limitations. Schedule 163(j) interest deduction limitations and depreciation. Cover issues related and any changes to the various taxes (i. e. , income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3. 8% net investment income tax). Brush up on other topics such as income filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income, rentals, passive activity rules and individual income tax credits (e. g. , child tax credit and dependent care credit). Look at any changes to the Form 1040 and other related schedules and forms.

Introduction and IRS Hotspots. Eligibility for S Corporation Status. Income Measurement and Reporting. Distributions from S Corporations to Shareholders. Compensation and Fringe Benefits. Shareholder Stock and Debt Basis. Accounting Methods and Interest Deduction Limits. Business Interest Limitation. Integration of Multiple Loss Limits. Bankruptcy and Financial Distress. Net Investment Income. Built-In Gains Tax. Passive Investment Income. Changes in Tax Status of Business Entity. Purchase and Sale of an S Corporation. Estate and Succession Planning. Qualified Subchapter S Subsidiaries and Other Multiple Entity Relationships.

The AICPA Code of Professional Conduct and key Washington differences, new developments at the national and state level, best practices for CPAs in public accounting and industry, and emerging issues.

Discuss the most recent business income tax legislation passed to date (e. g. , American Rescue Plan Act, SECURE Act, CARES Act and COVID-related Tax Relief Act, Taxpayer Certainty and Disaster Relief Act and Tax Cuts and Jobs Act). Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs. Schedule 461(l) business loss limitations. Schedule 163(j) business interest deduction limitations, accounting method changes, depreciation, fringe benefits and entertainment expenses. Brush up on issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans. Look at any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms.

Project management is a way of thinking and managing. Identifying projects, needs, objectives, and deliverables. Project feasibility evaluation. Life cycle of a project. What causes projects to fail. Establishing the project scope and preventing "project creep. " Defining and managing stakeholders. Organizational politics and conflict management. Establishing the detailed schedule. Introduction to project management software.

Changes that may impact your practice, clients, and the accounting profession as a whole.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Creating a visionary company, Traits of successful, visionary companies, Goal setting to create a successful organization, The role of experimentation and failure in achieving success, How successful organizations emphasize learning new skills, The role of effective communication in achieving corporate success, The importance of emotional intelligence in building corporate culture, How leadership can direct a company toward success.

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

B&O tax basics, includable gross income, deductions, reimbursements, interstate apportionment, credits, and local B&O taxes.

Overview of preparation, compilation, and review guidance, Accounting and reporting issues, Current practice issues, Common deficiencies in peer reviews, Current and future standard setting projects, International reporting issues in SSARS engagements, Special Purpose Framework financial statement issues, Case studies, Latest developments

Staff Retention Attract and Keep the Best People. Why do your best employees leave? Does it seem like you spend far too much time recruiting? Do your people leave just as they become productive? If you think your turnover is because the younger generations are different from earlier generations, you probably are not looking at the real source of the problem. We will review the facts and research about why people leave. Learn the changes you should make now! The real costs of turnover. Why do people leave? Definitive research. The twelve factors that make employees happy. Examples of great organizations Lifestyle issues. Exit interviews and stay interviews. Accounting for Equity Compensation Plans Beware of the Pitfalls. In today's business world, there is a war for talent and organizations with the best talent will win. We clearly need to motivate talented personnel. Equity compensation plans are useful to retain, reward and recruit. The GAAP and tax accounting for equity compensation plans is not static and decisions that you make during plan set-up can have major consequences to your organization's bottom line and your management team's personal tax situations. We will review nuances and details that impact proper accounting. Whether you are the CFO or CEO who has not been happy with prior equity compensation plans or the accountant who performs the intricate analysis and detailed accounting for these plans - this session will help you understand the issues and get it right the first time. Why most equity compensation plans fail? Complexity of GAAP accounting for equity compensation plans. Tax implications of equity compensation plans. Who and how an equity compensation plan should be administered? Compliance issues to consider. Recommendations to design a better equity compensation plan. Inventory Accounting GAAP, Software and Variance Recognition. Proper inventory accounting is deceptively complicated. Do you have the required accuracy? Do you desire to become more thorough in inventory accounting, or need to refresh, or strengthen your inventory accounting skills? This session will help you get there quickly! The session focuses on the crucial components GAAP inventory, inventory software, and methods for dealing with variances. GAAP accounting for inventory. Differences between GAAP versus cost accounting. Breaking down all the costs in Bill of Materials, Labor, Overhead. Recognizing variance. Awesome Business Lessons from the Past Learn from the Best!. Why not learn, or re-learn, some amazing business lessons from the past that are still effective today? What did Henry Ford do when annual employee turnover was 370% and workers demanded more pay? Sound familiar to today's world? Ford's solution worked! We see today's problems and believe that these problems have never occurred before. Not true. We will discuss timeless business lessons that are as practical today as when they were written decades ago. We will review; `How to Win Friends and Influence People,' `Today and Tomorrow,' and `The Art of War. ' Let's learn from the very best, as these lessons have been battle tested and proven over time. The six methods to get others to like you. How to learn what others want. What are twelve ways to win others to your way of thinking? How to destroy your enemies. What are the fundamental principles of Henry Ford's success? Focus on technology, training and `Scientific Method'. Value of training and education. The need for fun. What are the thirteen steps necessary to plan for success? All plans must adjust to changing realities. What are the traps to avoid? How to use these principles to move your organization forward.

Source of data for tax adjustments from books, Authority documentation, Case studies - good and bad workpapers

The latest guidance from the IRS provided through regulations or administrative announcements, Reporting requirements for all relevant pass-through entities, Reporting for multiple activities within one entity, Allocating common items among multiple activities Section 199A Schedule K-1 reporting for tiered entities, Calculating and reporting qualified wages and the unadjusted basis immediately after acquisition of qualified property, Allocating Schedule 199A relevant amounts to beneficiaries of trusts using DNI, Handling separately stated items for which qualified business income status is determined at the shareholder or partner level, The effects of ownership changes on Schedule 199A reporting on Schedule K-1, Reporting publicly traded partnership income and REIT income to the partners or shareholders, Reporting aggregated activities, Allocating Schedule 199A amounts to partners when special allocations have been made by the partnership.

Eligibility problems, including special problems for unincorporated entities. Shareholder requirements, including trusts. New compliance problems, including required accounting methods, attribution, and an unworkable tax shelter rule. Late and defective election relief for S corporations, Qualified Subchapter S Subsidiaries, and trusts. Financial distress problems of S corporations and shareholders.

The assessment process, Audit selection, examination, and the appeals process, Installment agreements, Offers in compromise, Advising delinquent taxpayers, The IRS collection process for tax liens, levy, seizure, and sale, Bankruptcy and the effect on tax liabilities, Practice before the IRS, Business taxation, Tax liens levy seizure, Fund recovery penalty.

The AICPA Code of Professional Conduct and key Washington differences, new developments at the national and state level, best practices for CPAs in public accounting and industry, and emerging issues.