CPE Catalog & Events

Accounting Data Analytics

Introduction to single audits Preparation of the schedule of expenditures of federal awards and determining major programs Understanding, assessing, and testing internal control Testing compliance with federal statutes and regulations and applicable compliance requirements Auditor reporting in a Uniform Guidance compliance audit Program-specific audits Administrative requirements and cost principles in a single audit 

Income tax statistics of interest  Tax relief for American families and workers act of 2024 Current impacts of the Inflation Reduction Act Current impacts of Secure 2.0 Current developments in taxation of individuals Virtual currency taxation developments Tax Cuts and Jobs Act sunset impacts Information security plan New SSTSs  CTA client letters Cannabis taxation Soroban – impact on “limited” partners SE income Short stop electric – NOL reporting and other issues Recent court rulings and their impacts IRS tax tips of interest Hobby or business Taxpayer First Act State revenue happenings

Topics discussed will include pressing issues in the profession and areas that CPAs need to be aware of.

Timely coverage of breaking tax legislation Guide to legislative changes and their impact on trust planning Introduction to trusts with emphasis on typical provisions Revocable living trusts Common testamentary trust arrangements -- Bypass trusts, QTIP trusts, and other marital trusts Asset protection trusts Sophisticated trusts for estate planning and asset transfer -- GRATs, GRUTs, and QPRTs Charitable trusts -- Charitable remainder trusts, charitable lead trusts, and pooled income funds Irrevocable life insurance trusts Medicaid trusts: special needs and Miller Trusts for minors -- Sections 2503(b) and 2503(c), and other trusts Dynasty trusts Section 461(l) as applied to trusts and estates Trusts to hold S corporation stock Special problems of estates and trusts relating to the 3.8-percent tax on investment income and specific solutions

Payroll tax requirements for wages, including wages subject to the .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates Special issues -- Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding Statutory employees, independent contractors, and possible changes to §530 relief Penalties -- Who is a responsible person? Expenses and gross-up calculations Pension issues and payroll taxes including SIMPLE plans, and §401(k) and pension distributions The Electronic Federal Tax Payment System (EFTPS) Forms I-9, W-9, W-2, 1099, 1099-NEC, SS-8, and 940 Understanding payroll tax responsibilities in the gig economy

See the "agenda" tab above for the full conference agenda.

Topics discussed will include pressing issues in the profession and areas that CPAs need to be aware of.

Newly enacted income tax legislation Issuance of income tax regulations Court cases IRS notices Revenue procedures Private letter rulings affecting individuals and businesses

Topics discussed will include pressing issues in the profession and areas that CPAs need to be aware of.

How will the 2024 Presidential election results impact the markets? How will the growing federal debt and fiscal deficits affect the US and global economies? What impact do international issues have on the markets? What are potential plans for decreasing the federal deficit and what is the impact on the economy? Does it matter who is in control of Congress? Will changes in Tax Policy, Social Security and Medicare affect the markets and economy? 

Satisfy Client and CPA Firm Needs Apply Analytical Procedures Conduct Small Audits Perform Review Service Engagements Draft Financial Statement and Footnotes Improve Corporate Tax Knowledge

An overview of the business evaluation process Negotiation points and goals from buyer and seller standpoints An overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements Recognizing the need for due diligence in acquisitions, including checklists of important points Deemed asset sales – §338 and §338(h)(10) The use of “F reorganizations” in lieu of §338(h)(10) The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Impact of the net investment income tax (NIIT) and the §199A pass-through deduction on the tax due on the sale of a pass-through entity Changes in strategy under the new tax laws Liquidation as an alternative to the sale of a business Planning to avoid double taxation Special problems and opportunities when an S corporation is the buyer or seller Special problems and opportunities when a partnership is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities

An overview of the business evaluation process Negotiation points and goals from buyer and seller standpoints An overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements Recognizing the need for due diligence in acquisitions, including checklists of important points Deemed asset sales – §338 and §338(h)(10) The use of “F reorganizations” in lieu of §338(h)(10) The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Impact of the net investment income tax (NIIT) and the §199A pass-through deduction on the tax due on the sale of a pass-through entity Changes in strategy under the new tax laws Liquidation as an alternative to the sale of a business Planning to avoid double taxation Special problems and opportunities when an S corporation is the buyer or seller Special problems and opportunities when a partnership is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities

Topics discussed will include pressing issues in the profession and areas that CPAs need to be aware of.

Making Predictions Why great predictions are not intuitive? How to separate correlation from causation? How to recognize and overcome bias? Who is Thomas Bayes and why he matters?Becoming a Great Predictor Why the ability to doubt helps? Why it is better to be a fox than a hedgehog? How non-conformists change the world Learn from the past without hindsight biasCreating Great Projections and Budgets Why the many purposes and types of budgets and projections cause distortions? How benchmarking and metrics have changed the budget process?Why Black Swan Risk Matters What is Black Swan risk? Why the risk you don’t know can hurt you? Protect your company from unknowable risks

Comprehensive coverage of the Inflation Reduction Act, including: The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, Premium Tax Credit, Elective Payment, Transferability, and Prevailing Wage and Apprenticeship Requirements Comprehensive coverage of the SECURE 2.0 Act, including: Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, New Exceptions to Penalty-Free Withdrawal from Retirement Plans, and recent IRS guidance Timely coverage of breaking tax legislation Form 1099-K reporting requirements Detailed analysis and examples of Sale of Passthrough Entity Interest and Net Investment Income Tax The Gig Economy -- Tax implications, Independent Contractor vs. Employee Classification, and the 2024 DOL Final Rule New FinCEN reporting requirements under the Corporate Transparency Act in 2024 Employee Retention Tax Credit updates Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

Comprehensive coverage of the Inflation Reduction Act, including: The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean        Vehicles,  Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, Premium Tax Credit, Elective Payment,  Transferability, and Prevailing Wage and Apprenticeship Requirements Comprehensive coverage of the SECURE 2.0 Act, including:  Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, New  Exceptions to Penalty-Free Withdrawal from Retirement Plans, and recent IRS guidance Timely coverage of breaking tax legislation Form 1099-K reporting requirements Detailed analysis and examples of Sale of Passthrough Entity Interest and Net Investment Income Tax The Gig Economy -- Tax implications, Independent Contractor vs. Employee Classification, and the 2024 DOL Final Rule New FinCEN reporting requirements under the Corporate Transparency Act in 2024 Employee Retention Tax Credit updates Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

Topics discussed will include pressing issues in the profession and areas that CPAs need to be aware of.