CPE Catalog - Washington Society of CPAs

Estate and Life Planning Issues for the Middle-Income Client LARS

Thursday, January 6 8:00am - 4:00pm PST

Bellevue

8.0 Credits

The SECURE Act. including IRA and RMD changes Other major SECURE Act provisions. such as expansion of section 529 plans and 401(k) access to part-time workers The CARES Act section 72(t) 10% early withdrawal penalty waiver. The CARES Act temporary waiver of RMD rules. More than 20 documents that should be reviewed that are neither a will nor trust. Applicable rates. and tactics that may be used to minimize them. Reducing the impact of ancillary administration. Provisions you need in a will. When a trust is needed for children. Durable powers of attorney. for financial matters and for healthcare. Realistic retirement goals. Management of insurance: liability, disability, and life. Dealing with marriage and divorce. Titling assets effectively. Developments relative to estate tax. and the implications for planning.

2021 Rules, Regulations, and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement) LARS

Friday, January 7 8:00am - 11:30am PST

Bellevue

4.0 Credits

This course covers the Public Accountancy Act. along with the related Rules and Policies of the Washington State Board of Accountancy with specific application of RCWs and WACs to the practice of public accounting in the state of Washington. We will also review major provisions of the AICPA Code of Professional Conduct.

Surgent's Top 10 Tax Topics This Year LARS

Friday, January 7 8:00am - 4:00pm PST

Bellevue

8.0 Credits

The SECURE Act. including IRA and RMD changes. The Tax Cuts and Jobs Act: Key provisions for individuals. The Tax Cuts and Jobs Act: Key provisions for businesses. Broad inventory of fringe benefits possibilities. Miscellaneous business issues. Employing life insurance. Domicile and taxation. Choice of entity. Tax rates and QBI. Understanding Section 199A.

The Complete Guide to Washington Death Taxation LARS

Monday, January 10 8:00am - 4:00pm PST

Bellevue

8.0 Credits

How to prepare the Washington estate tax return. Various postmortem estate planning issues involved in the preparation of the Washington Estate Tax Return. Coordination with the Federal Estate Tax Return (Form 706). Coordination with estate administration issues. Probate issues. Non-probate issues. Valuation issues. Joint tenancy issues.

Annual Tax Update: Individuals and Sole Proprietors LARS

Thursday, January 13 8:00am - 4:00pm PST

Bellevue

8.0 Credits

Latest tax legislation, court rulings, and IRS pronouncements related to individuals and sole proprietors. Practical return preparation tips. Latest developments for pass-through entities that affect Schedule C and Schedule E. Tax-saving ideas. Unique Insights into new planning strategies. Latest IRS rulings impacting individuals. Latest developments on estates, gifts, and trusts. Depreciation and amortization.

Income Tax Accounting LARS

Friday, January 14 8:00am - 4:00pm PST

Bellevue

8.0 Credits

Permanent and timing differences. Income tax expense. Effective tax rate. Current income tax liability. Deferred income tax assets and liabilities. Tax basis balance sheet. Uncertain tax positions. Tax benefits for carryforwards. Reporting and disclosure under ASC 740, ASC 740-20 intraperiod tax allocation.

Federal Tax Update with Greg & George LARS

Tuesday, January 18 8:00am - 4:00pm PST

Bellevue

8.0 Credits

ARPA (American Rescue Plan Act) including changes to the following: employee retention credit, dependent care credit, earned income credit, paid sick leave and family medical leave, premium tax credit, taxation of EIDL advances, tax treatment of restaurant revitalization grants, unemployment taxability, and other tax provision. CARES Act impact - Including the retention credit, business loss limitations (Section 461(l)), and Section 163(j) limits. Have the IRS audit rates increased or decreased? New cases on: documentation of charitable contributions, and taxability of debt relief. Lastly, we'll keep you "up to the minute" on late-breaking tax developments.

Filing Status, Tax Consequences of Marriage, Dependents, the Child Tax Credit and EITC LARS

Thursday, January 20 8:00am - 11:30am PST

Bellevue

4.0 Credits

Filing status, including head of household status. The Child Tax Credit (updated for the American Rescue Plan Act of 2021). Transferring the Child Tax Credit between ex-spouses to maximize savings.

Tax Strategies to Maximize Itemized Deductions LARS

Thursday, January 20 12:00pm - 4:00pm PST

Bellevue

4.0 Credits

Standard deduction and personal exemptions. Planning for itemized deductions-playing the hand you're dealt. Home mortgage interest limits. Transforming interest expense-planning to increase interest deductions. Debt-financed distributions. Property, income, and sales taxes. Charitable contributions. Miscellaneous itemized deductions. Suspension of unreimbursed employee expenses. Our fees. Gambling losses. State tax "work arounds." QBID not itemized. 7.5% Medical. Personal casualty losses. Health Savings Accounts ("HSA's"). Investment advisory fees. 2% Miscellaneous itemized. Investment advisory fees.

Practical Small Business Retirement Planning: SEP-IRA's, , SIMPLE IRA's, Traditional and Roth IRA's LARS

Tuesday, January 25 12:00pm - 4:00pm PST

Bellevue

4.0 Credits

SEP-IRAs. SIMPLE IRAs. 401(k)s. Traditional and Roth IRAs. Defined benefit plans.

Practical Strategies: Social Security Benefits and Medicare LARS

Tuesday, January 25 8:00am - 11:30am PST

Bellevue

4.0 Credits

Different types of Social Security benefits: Retirement. Spousal. Ex-spousal. Survivor. Children's benefit. When should clients apply for Social Security benefits? Age 62? Full retirement age? Age 70? Medicare planning: Medicare Advantage plans. Medigap policies.

Cutting Edge Tax Strategies: Partnerships LARS

Wednesday, January 26 8:00am - 11:30am PST

Bellevue

4.0 Credits

Using "liability netting" to minimize gain on the formation of a partnership. Admitting new partners with minimal tax consequences. Redeeming partners' interest using tax minimization strategies. Minimizing self-employment taxes for LLC members. Allocating income and loss to partners in difficult circumstances. Maximizing the Section 199A QBID for partnerships.

Cutting Edge Tax Strategies: S Corporations LARS

Wednesday, January 26 12:00pm - 4:00pm PST

Bellevue

4.0 Credits

Structuring debt to increase shareholders' basis. Determining the proper amount of reasonable compensation. Choosing between QSubs and single-member LLC's. Getting a "synthetic" step-up when a shareholder purchases S corp stock, without any extra tax to the selling shareholder. Maximize the 20% Section 199A QBID. Estate planning and use of trusts.

CFO Series: Developing Creditability Part 1 LARS

Thursday, January 27 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Developing Credibility: Earn Respect for Yourself and Your Team: Credibility is the key to management success. Uncover the attributes of the "What and How" of financial management success. It's All About Action! Deeds, Not Words, Really Count: This session will assist you in developing actionable messages and achieve buy-in as you implement new processes. Discuss the power of the planning and the impact of the quantitative, strategic and tactical trifecta.

CFO Series: Developing Creditability Part 2 LARS

Thursday, February 3 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Effective Internal Reporting - Make Your Message Quick and Clear: Do your presentations lack life? Do your audiences sometimes fail to get the message? Learn how to grab your audiences' attention and deliver an actionable message. Financial Management - 10 Tips for Success and 13 Signs of Failure: Today's effective financial leader must establish on-going credibility and adaptability to be effective. Hear a veteran financial executive discuss why some financial managers succeed while others fail.

CFO Series: Advanced Skills Made Easy Part 1 LARS

Thursday, February 10 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Advanced Planning: Balance Sheet and Cash Flow Projections: This session will increase your organization's ability to see its future and increase the confidence that your CEO, Board and bank have in you. Advanced Cost Accounting: Assigning Overhead: This session will show you how to assign 16 key categories of overhead. Whether you work in a wholesale, retail, health care, service or manufacturing business. Get your costing right and you will be able to give the "dogs" to your competitors and keep the "gravy" for yourself.

CFO Series: Advanced Skills Made Easy Part 2 LARS

Thursday, February 17 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Fixing Your Chart of Accounts: A well-organized chart of accounts supports robust responsibility reporting and accountability, and makes it easy to answer, "what if?" questions and helps eliminate data entry errors. However, many organizations cling to the primitive practices of a half-century ago. If you sense that your general ledger could do far more, this session will show you how to fix your problems. Avoiding Death by PowerPoint: Create Better Presentations: We have all suffered through some awful PowerPoint presentations. When a speaker has hundreds of slides with hundreds of words on each slide, we wish we could just lie down and take a nap. This session will help prevent YOU from being that speaker.

CFO Series: Emotional Intelligence Part 1 LARS

Thursday, February 24 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Emotional Intelligence - The Critical Factor in Success: Every business leader can improve their Emotional Intelligence, including you. Many businesses utilize EI for promotions and hiring. This session will discuss the twelve keys to EI and proven tactics to help every aspiring leader "work smarter". Motivating the Right Way - Get the Most from Your Staff: Are you getting the most from your staff? Are you paying top-dollar and still not getting high performance? New research gives us the insights to effectively motivate your people. This session will show you how to create an environment where your talented employees can excel.

CFO Series: Emotional Intelligence Part 2 LARS

Thursday, March 3 8:00am - 12:00pm PST

Bellevue

4.0 Credits

Business Ethics - Cases from the Real World: Being consistently ethical is a challenge. Most of us have had to make tough choices. This session will discuss real world cases involving thorny ethical dilemmas and how to resolve them. Don't Be the Messenger Who Gets Shot: The average CFO's tenure is about three years, while the tenure for other financial positions may not be much better. One cause may be our responsibility to deliver BAD news. This session will teach you proven techniques to deliver bad news so that you actually strengthen your relationship with your CEO, Board, bank and management team.