CPE Catalog & Events

Audit requirements for ERISA Schedule 103(a)(3)(C) audits, An annual update of the changes affecting 401(k) plans, Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, and other topics, Best practices for engagement planning, internal controls, risk assessment, and detailed testing, Avoiding common mistakes while performing audit procedures, Plan mergers and acquisitions, Common audit reporting and disclosure issues

Permanent and timing differences. Income tax expense. Effective tax rate. Current income tax liability. Deferred income tax assets and liabilities. Uncertain tax positions. Tax benefits for carryforwards. Reporting and disclosure under ASC 740.

GAAP vs. ERISA reporting requirements. Audit planning. Risk assessment. including consideration of internal control. Auditing the statement of net assets available for benefits. Auditing the statement of changes in net assets available for benefits. Other auditing considerations. including prohibited transactions and. tax compliance. The auditor's report. Financial statement disclosures. Supplemental schedules.

Final regulations - bonus depreciation and Schedule 1031 exchanges. Technical correction Rev. Proc. 2019-13 - use it or stand to lose second-year depreciation deductions for luxury automobiles. What are the components for real estate depreciation? A new SUV or sedan? A study of depreciation alternatives. Permanency in Schedule 179 depreciation rules? How to maximize its use; when to use it; and what property qualifies. Sale of property and the depreciation recapture rules (Schedules 1245. 1250. unrecaptured Schedule 1250 gain for real estate. Schedule 291 for corporations). How to depreciate like-kind exchange property. May Schedule 121 and Schedule 1031 apply to the same transfer of property? Reacquired installment sale property - calculating potential gain and new basis. . Understanding Schedule 197 amortization issues; how to handle intangible asset costs. Depreciation issues. tax-deferred exchanges. personal property converted to business property. and an overview of home sale exclusion. Guide for compliance and planning issues. Cases and rulings of depreciation and amortization issues and how they impact clients. along with the useful planning opportunities.

Exploring key considerations and challenges in estate settlement. Understanding the process of asset collection and accounting in estate administration. Navigating the assessment of debts and creditors for estate settlements. Understanding the process and implications of creditor payments in estate administration. Identifying and addressing distribution challenges in estate administration. Understanding the intricacies and implications of probate in estate administration. Exploring the challenges and resolutions related to will contests. Learning the process and significance of conducting asset inventories. Recognizing the fiduciary duties and responsibilities in estate administration. Navigating the complexities of protecting the rights of various stakeholders in estate administration. Understanding the implications of federal estate tax in estate administration. Identifying state death tax issues and their impact on estate administration. Grappling with ancillary estate administration matters and their implications. Understanding the complexities of fiduciary accounting in estate administration. Addressing unique and special considerations related to trusts in estate administration.

Budget-centric features in Excel. Capital budgeting techniques. Working with Solver and Scenario Manager in budgeting and forecasting environments. Collaboration issues, version control, and audit history.

Evidence in the investigative process. Tools used in forensic investigations. Conducting interviews. Forensic accounting reports. Expert witness testimony.

Timely coverage of breaking tax legislation. Applicable coverage of any basis considerations within any recent tax legislation. Passthrough basis calculations required as attachments to certain individual returns. Executor's form for disclosing basis in certain distributed property. How Schedule 179 limitations affect basis and how tax-benefit rule is applied. Basis implications of personal assets converted to business use. How to calculate basis of inherited qualified and joint tenancy property. Recognize how AAA applies or doesn't apply to S corporations. Learn to apply the complex basis ordering rules and special elections that can have a big tax result. Learn the detailed rules of Schedule 704 for preventing the shifting of tax consequences among partners or members. Learn to calculate basis under Schedule 704 and for "at-risk" under Schedule 465. Recognize how recourse, nonrecourse, and qualified nonrecourse debt can create significantly different tax results. Review Schedule 754 step-up in basis rules.

The need to think before we react. Look and listen effectively! Evaluate using multiple different criteria. Communicate. Problem solving, not just problem identification. Demonstrate empathy. Think critically, and not be critical. Being skeptical without being cynical. Unconventional keys to success. The need to ask the `right' questions. A core principle of audits not taught in the "textbook". A new type of audit that will simplify your life. Four auditing skills to take you from being a good auditor to being an amazing auditor. Be prepared and aware of tax savings alternatives. Tax reduction strategies. Depreciation and fixed asset schedules. How to recognize and ward off tax schemes, Consequences of failure to plan. Why do shortcuts cause even more issues?

Issues involved when settling an estate. Explaining the needs and limitations of durable powers of attorney, health care directives, and living wills. Why a will is probated, and on what grounds it may be challenged. Comprehensive checklists on how to read a will, duties of an executor and trustee, and much more. Identification and report of estate assets. What to do and what not to do as a fiduciary, executor, or trustee. How executors and trustees interact with beneficiaries. Elective shares, and when a spouse might make that choice. What a trustee needs to know about incompetents and minors. Rights of creditors, third parties, and beneficiaries. Key issues in transferring property to a trust and from a trust or estate to a beneficiary. Identifying income, estate, and inheritance taxes. Fiduciary accounting - principal and income concepts. An introduction to drafting an account, and why it is relevant. Administration of revocable trusts. Estate basis reporting.

Identifying risks to Business Continuity. Differentiating between Business Continuity and Disaster Recovery. Implementing effective backup strategies. Creating an effective Business Continuity/Disaster Recovery plan.

GASB updates. Updated Statements on Auditing Standards (SASs). Yellow Book & OMB updates affecting single audits. Updates for governments and not-for-profit entities.

Are employees assets? The changing landscape of work. The need to change management tactics. Different generations and demographics. Understanding the differences. Understanding the key workplace issues and how to solve them in today's environment can maximize the returns that employees provide for an organization. Practical tips for professionals to be more prepared for changes that will come over your career. What is a career as a professional and as a CPA? What is your brand, and do you need one? You living longer; do you want to work longer? Following your career plan.

Step-by-step guidance. Addressing diverse postmortem estate planning intricacies within the context of the Washington Estate Tax Return aligning with the Federal Estate Tax Return (Form 706). Coordinating with estate administration matters. Analyzing probate considerations. Exploring non-probate elements. Tackling valuation complexities. Delving into challenges related to joint tenancy.

Economic update. Leadership and management changes as a result of the pandemic. Expense control that works. Understanding our changing workforce and working environment. Financial risk analysis. Enterprise risk management. Metrics and benchmarking. Improving bank relationships and borrowing.

Exploring the nuances of Regular IRAs. Unleashing the potential of Roth IRAs. Unlocking the benefits of Coverdell Education Savings Accounts. Mastering the complexities of SIMPLE IRAs. Strategies for optimizing SEPs. Essential concepts and components of qualified plans. Diving deep into defined benefit pension plans. Navigating the landscape of defined contribution plans. Unveiling the potential of 401(k) plans, including Roth 401(k)s. Customizing retirement plans to meet each client's needs. Understanding the intricacies of minimum distribution rules.

Update on latest cases, rulings, and regulations including the final regs. Legislative update on retirement plan changes of the SECURE Act 2.0. How to handle liabilities of LLCs. Planning opportunities and pitfalls in determining basis and amounts at risk -- recourse and nonrecourse debt issues for LLCs. and much more. Section 199A pass-through deduction planning. Partnership planning -- Structuring partnership distributions and transfers of interests. Optional basis adjustments -- Schedules 754 and 732(d). Planning for the utilization of Schedule 179 and for the scheduled phase out of bonus depreciation beginning in 2023. Basis, distribution, redemption, and liquidation issues of S corporations. Compensation in S corporations. Sale of a partnership -- the best planning concepts. What you need to know about family pass-throughs -- Estate planning, family income splitting, and compensation planning. Partnership and LLC allocations. A brief look at possible future changes to the taxation of pass-through entities.

New and expanded energy credits under the Inflation Reduction Act (IRA). Preparation of various Form 1040 individual tax returns and schedules; provided answers include "filled-in" forms. Coverage of Form 7203. Coverage of Schedule 199A qualified business income. its calculation. limitations. and examples. Dividends and interest - Ordinary. return of capital. and capital gain distribution dividends; tax-exempt interest. original issue discount. etc. Security transactions - From Form 1099-B to Form 8949 to Schedule D. plus mutual fund sales and related basis issues. Self-employed person issues. Schedule C deductions including depreciation. Sale and exchange of property - Understanding Form 4797 and depreciation recapture; capital gains. A working understanding of passive losses - How to handle rental property and how the passive loss rules flow to the tax forms. Itemized deductions - A thorough understanding of what's deductible and what's not. Interest deductions - Limitations and timing problems. Charitable contributions substituting for taxes. IRS says - No! Retirement contributions and education credits and deductions. Tax computations - The Kiddie Tax. AMT. regular tax. tax credits. Individual problems illustrated by form preparation for various items. with numerous "practice tips". Impact of recent legislation and forms changes on the 1040.

Prepare now and protect yourself from new audit examinations. What to do when there is identity theft. Understanding substantiation requirements for travel, charitable contributions, vehicles, meals, and virtual currency considerations. Gain an in-depth understanding of IRS hot examination issues including passive loss rules, real estate professional status, and the Section 199A provisions as they pertain to rental real estate. Identify how the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty. Understanding IRS Audit Techniques Guides and Compliance Campaigns. Recognizing the 30-day letter and the 90-day letter, including what the taxpayer's responsibilities are.

The importance of Business Intelligence in today's business climate. Differentiating between Power BI licensing options. A hands-on approach to creating effective Power BI reports and dashboards.