CPE Catalog - Washington Society of CPAs

Not-For-Profit & Health Care Conference 2021

Wednesday, November 17 8:00am PST - Thursday, November 18 5:00pm PST

Lynnwood

16.0 Credits

Get guidance on best practices and updates from professionals in the not-for-profit community including audit, FASB changes, tax, compliance, investments and internal controls. Plus, brush up on key leadership skills and employee retention tactics. Hear from diverse leaders in nonprofit organizations who will discuss diversity, equity and inclusion; COVID prediction and response; and using analytics to support business decisions.

Federal Tax Update - Individual & Business Current Developments

Monday, December 13 8:00am - 4:00pm PST

Bellingham

8.0 Credits

This fast-paced session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures and private letter rulings affecting individuals and businesses. Each participant will receive a comprehensive manual with the hottest tax topics including Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the SECURE & CARES Act individual and business income tax provisions. Review the individual and business income tax provisions of the Tax Cuts & Jobs Act (TCJA). Walk through major tax changes to corporations, partnerships and/or individuals. Review any other income tax changes with respect to: income, long-term capital gain tax and dividend tax rates, depreciation, Section 179 expense, retirement plan and IRA contributions, distributions and rollover rules, and alternative minimum tax (AMT). Discuss other important IRS audit areas such as: basis and at-risk limitations for S shareholders and partners, passive activity losses and real estate professionals, self-employment taxes.

Federal Tax Update -Individuals (Form 1040)

Tuesday, December 14 8:00am - 4:00pm PST

Lynnwood

8.0 Credits

This session is a comprehensive review of the Federal individual income tax provisions and tax forms/schedules that will affect the 2021 tax returns and 2022 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive individual income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, and Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the SECURE & CARES Act individual income tax provisions. Review the individual income tax provisions of the Tax Cuts & Jobs Act (TCJA). Look at any changes to the Form 1040 and other related schedules and forms. Cover issues related to the various taxes (i.e. income, capital gain, self-employment and alternative minimum tax (AMT)), Review changes to depreciation, itemized deductions, adjustments to income, passive activities and tax credits.

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120,1120S & 1065)

Wednesday, December 15 8:00am - 4:00pm PST

Lynnwood

8.0 Credits

This session is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2021 tax returns and 2022 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, as well as Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the SECURE & CARES Act business income tax provisions. Review the business income tax provisions of the Tax Cuts & Jobs Act (TCJA). Look at any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms, Recent changes to depreciation and Schedule 179 expense, Issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans.

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.

Tax Advisors Update

Monday, January 24 8:00am - 4:00pm PST

Bellevue

8.0 Credits

Dissect the final small business taxpayer regulations. Analyze examples of partnership tax basis capital account calculations. Examine tax provisions from the Consolidated Appropriations Act, 2021 and other legislation. Real-world planning tips and illustrations from a practitioner viewpoint. Review new and extended tax credits. Learn about the final 1031 regulations. Hear developments relating to Schedule A and other individual deductions. Review the most recent guidance for the Qualified Business Income Deduction.

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.

Tax Advisors Update

Tuesday, January 25 8:00am - 4:00pm PST

Spokane

8.0 Credits

Dissect the final small business taxpayer regulations. Analyze examples of partnership tax basis capital account calculations. Examine tax provisions from the Consolidated Appropriations Act, 2021 and other legislation. Real-world planning tips and illustrations from a practitioner viewpoint. Review new and extended tax credits. Learn about the final 1031 regulations. Hear developments relating to Schedule A and other individual deductions. Review the most recent guidance for the Qualified Business Income Deduction.

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.