CPE Catalog & Events

The Corporate Transparency Act and its goals. Which entities need to file reports and which entities are exempt?. Who is a beneficial owner and what is substantial control? Information that needs to be reported. How to get your firm and your clients ready for the requirements.

Gain insight into how to ramp up revenues, focus on niche markets and develop a systematic approach to building your business consistently.

How a partner's outside basis and capital account differ. Reconciling Schedule M-2 Form 1065 with Partnership K-1 Schedule L. IRS requirement to report partner tax basis on the transactional approach. Implications if a capital account is negative. Deficit restoration accounts and qualified income offsets. Modified outside basis method and modified previously taxed capital method. Determining a partner's beginning capital account. Beginning capital account for partnerships and partners consistently reporting on the tax basis.

An overview of the finance business partner. Business model generation. Strategic planning process - analysis, choice, and implementation.

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.

Empowering multi-generational collaboration.

Commencement of a bankruptcy proceeding. Protections provided to debtors under the Bankruptcy Code. Key procedural aspects of bankruptcy. The automatic stay. Differences between Chapters 7. 11. and 13 bankruptcy cases. The bankruptcy discharge. Proofs of claim. Plans of reorganization. Litigation that can arise during bankruptcy. Creditor committees. Bankruptcy trustees. Avoidable preferences and fraudulent transfers. Special rights afforded to landlords and secured creditors.

ERISA compliance: employee welfare plans and qualified plans. Fringe benefit issues: COBRA, Family and Medical Leave Act, and new developments in health care. Health care plans: HRAs, HSAs, and other employer-sponsored plans. Qualified plan requirements: eligibility, coverage, and vesting.

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.

Employee classification.

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.

Establishing rapport with the auditor. IRS audit statistics, appeals statistics, and other statistics. Preparing for the audit. Preparing for an appeal. Questions to ask the auditor. Getting copies of the auditor's workpaper file.

Washington capital gains tax.

Detecting fraudulent activity within financial statements. Fraud risks. Consequences of fraud.

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.

Private company standard setting activities. Recent FASB Accounting Standards Updates (ASUs). Topic 842, Leases, ASC 326: CECL.

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.