CPE Catalog & Events
The Complete Guide to Estate Administrations: Navigating the Role in Estate Planning
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Webinar
8.00 Credits
Member Price: $270
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
K2's Budgeting And Forecasting Tools And Techniques
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Webinar
8.00 Credits
Member Price: $270
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
IRS Audit and Appeals Process: Protecting Your Clients
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Webinar
2.00 Credits
Member Price: $105
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.
Annual FASB Update and Review
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Webinar
4.00 Credits
Member Price: $175
Private company standard setting activities, Recent FASB Accounting Standards Updates (ASUs), Topic 842, Leases, ASC 326: CECL
CFO - Chief Reviewer
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Webinar
8.00 Credits
Member Price: $280
Aren't We All Auditors? All the Time, Audits involve testing, review, examination, and verification. However, on another level - you and I audit; procedures, reports at work, who fulfilled commitments, systems, other people's driving skills, deliveries, etc. We all audit everything all the time, and that is wonderful. Auditing skills are valuable and necessary for our professional success and personal happiness. Every professional will audit what they encounter, including us. We will illustrate how continuous auditing skills are valuable, all the time. Whether you are an auditor, or not, our role as a business leader IS to audit continuously! Better leaders have these skills. Topics Discussed. 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. Recommend. Being skeptical without being cynical. Unconventional keys to success. The never-ending need to audit continuously, Audits Begin with The Right Questions: Listen! Technology has boundless memory and can store all the answers, unlike humans. Regardless, technology and AI cannot discern the right questions to ask. Asking the right questions separates successful professionals from mediocre professionals. This session will take a big-picture approach and redefine auditing in a broader perspective which will deepen your skills, perspective, and know-how. The truth is that all professionals are auditors. We will illustrate three types of audits and dive into the most fundamental aspects of our daily work-lives that need constant attention, not seasonal treatments. We will show how to become a better listener and to ask better questions! Topics Discussed. 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. The most important element of auditing is listening. Action steps to become a great listener, What We Can Do to Minimize Taxes: Without Danger. When stepping into a leadership role you may not have been exposed to all the various tax issues. We will take a thirty-thousand-foot view into corporate income taxes and some other taxes. The focus is to potentially lower taxes. We will explore what and how to communicate with your external accounting firm. What is the value of proper fixed asset schedules and their crucial role? Depreciation, qualified business income, and the employee retention credit will be reviewed. Keep a schedule, be prepared, because at the end of day - you will be held accountable and responsible for missed dates, missed opportunities, and also may be given credit for taxes saved. Be prepared and aware of tax savings alternatives. Topics Discussed. Tax reduction strategies. History of taxation in the USA. Understand your tax environment. Entity and associated forms. Taxes; corporate, state, property, and sales taxes. Tax planning concerns. Depreciation and fixed asset schedules. How to recognize and ward off tax schemes, Successful System Implementations: Planning! System changes are common, so why does seemingly every new system update or installation have multiple, new problems? We will review the causes and effects, including a short-term outlook. We will focus on the best practices of successful organizations, specifically the one key task for success - proper planning. What are the steps to take? Which functions need to be involved? How to reduce risk? These actions can be applied to small system changes, system upgrades, or large ERP systems. Do not make the same mistake over and over - learn from others who have paid the hefty price. Topics Discussed. Consequences of failure to plan. Why do shortcuts cause even more issues? We must learn from our previous mistakes. No two installations are the same! A team effort, with the right people, is required! Tests and testing are mandatory. Why cheap costs more. How should accounting communicate? Managing the organization to enable better system implementations.
How to Settle a Client's Estate
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Webinar
8.00 Credits
Member Price: $280
Issues involved when settling an estate - marshaling of assets, payment of creditors, & distribution and accounting to beneficiaries, 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 - duty of care, investment, informing, payment of debts and taxes, & defending a will contest, 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
Critical Issues That CPAs in Industry Will Need to Face This Year
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Webinar
4.00 Credits
Member Price: $175
Recently issued FASB Accounting Standards update, Leases -- ASC 842 CECL - ASC 326, Food, beverage, and entertainment expensing, Ins and outs of Health Savings Accounts (HSAs)
K2's Business Continuity - Best Practices For Managing The Risks
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Webinar
8.00 Credits
Member Price: $270
Identifying risks to Business Continuity, Differentiating between Business Continuity and Disaster Recovery, Implementing effective backup strategies, Creating an effective Business Continuity/Disaster Recovery plan
Professional Fiduciary Duty
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Webinar
2.00 Credits
Member Price: $105
Fiduciary Duty Relationship Requirements, AICPA Position, Legal Standard Aggravator, Problematic Fiduciary Engagements, Elderly /Probate/Trust Engagements, Trustee Tax & Erisa, Competition with Client, Investment Advice in Financial Planning, Directorships Corporate and Charitable, For Profit Corporations, Not-For-Profit Entity, Suggested CPA Director Fiduciary Safeguards, Table of Reported Cases Presented.
Governmental Accounting and Auditing Update
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Webinar
8.00 Credits
Member Price: $270
GASB updates, Updated Statements on Auditing Standards (SASs), Yellow Book & OMB updates affecting single audits,Ethics updates for governments and not-for-profit entities
CFO - Employees Today and Tomorrow
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Webinar
8.00 Credits
Member Price: $280
Are Employees Assets? Today's New Employment. 2 Business Management and Organization credits. As the managers' role continues to evolve, it is crucial for us to understand the strategic aspects of managing a diverse workforce, beginning with understanding the big trends in employee demographics. We begin with a rhetorical question - asking if employees are assets? GAAP tells us they are not, but does this treatment bias our view of the people in our organization? What do the most successful organizations do, believe, and why? What are the winning organizations doing that work? If you have an opinion as to whether employees are an asset or not, this is a thoughtful, interactive discussion to highlight what works in today's new employment environment. GAAP vs economic value of employees. The changing landscape of work. The need to change management tactics. Different generations and demographics. Understanding the differences. What issues do they present? How do we improve our understanding? Employee engagement/assessment surveys and what they should tell us. Successful tactics for today's workforce, The ROI on Your People? Maximizing Returns. Employees drive the written and unwritten culture at your organization. Understanding the key workplace issues and how to solve them in today's environment can maximize the returns that employees provide for an organization. We take a deep dive into the research behind the larger issues with our workforce and discuss multiple practical solutions that will enhance your leadership and growth. How can we realize the most from our staff? Dealing with people. Dealing with people issues the right way. Conflict management issues. How to truly empower your employees. Organizational culture and how to be a part of positive change. What are some of the `other' employee issues that go unsaid? What does work/life balance mean today? What do employees want and care about now? What are their priorities? Understand and Enhance the Employee Life Cycle. Many organizations have a documented process for their employment life cycle but do not look at it wholistically. Having a longer view of the employee life cycle can provide more value to your company than you think. Join us for an interactive discussion around the entire life cycle of employees with best practices discussed on continuous improvement for your organization. This session will provide an overview of each of the steps in the timeline from multiple perspectives, to provide keen insights on actionable ideas to take back to your workplace and implement today. A key step to winning the war for talent. Understanding the various stages of the employment life cycle. Onboarding and orientation. Best practices and examples. What goes wrong with training, cross-training, and growth priorities? Are performance evaluations necessary? How to unleash your staffs' hidden talents. How to attract and retain talent in today's environment. What works? Re-invigorating Your Career: Planning Your Path 2 Business Management & Organization credits A career is a long time and yet looking back it appears to have been in the blink of an eye. If you have ever engaged in discussions with mentors or peer groups you may have heard the, "I wish I had ___." This course is a review of keeping you individually prepared and ready for all the various changes that will make your career. We start with where you are today and where you want to be. We discuss practical tips for professionals to be more prepared for changes that will come over your career. What are my career possibilities? The goal is that some of these ideas discussed will avoid more of the "I wish I had ____," and will convert them to, "I'm so glad I ____." We all have heard the maxim, "Failure to plan is planning to fail." We are planners by nature, let's plan our career and the career of those who report to us. What is a career as a professional and as a CPA? Changing technology, changes in required skills, and changing industries. What are the possibilities? Personal performance evaluations for your continuous growth What do you want to achieve? How and when? What is your brand, and do you need one? I am living longer; do I want to work longer? Following your career plan.
Current Developments and Best Practices for Today's CFOs and Controllers
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Webinar
8.00 Credits
Member Price: $280
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
Defining Where and Why Internal Controls are Needed
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Webinar
2.00 Credits
Member Price: $105
Control design basics. Areas or segments of an enterprise to control. Controls to reduce risk. Controls to drive operations.
Mastering Charitable Remainder Trusts and Form 5227 Compliance
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Webinar
2.00 Credits
Member Price: $105
Introduction to Charitable Remainder Trusts (CRTs). Types of CRTs and their Benefits. Formation and Funding of CRTs. Identifying Suitable Candidates for CRTs. Understanding Form 5227: An Overview. Line-by-Line Breakdown of Form 5227. Reporting Trust Assets and Income. Distributions and Charitable Beneficiaries. Compliance Updates and Recent Changes to Form 5227. Best Practices for Accurate Completion and Filing
Guide to Payroll Taxes and 1099 Issues
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Webinar
4.00 Credits
Member Price: $175
Statutory employees, independent contractors, and possible changes to Schedule 530 relief, Using SS-8, Payroll Tax Penalties -- Who is a responsible person? Forms W-2, 1099, 1099-NEC, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates Understanding payroll tax responsibilities in the gig economy
A Comprehensive Guide to Optimizing Retirement Planning: Maximizing Your Clients' Financial Future
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Webinar
8.00 Credits
Member Price: $270
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
Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLCs
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Webinar
8.00 Credits
Member Price: $280
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
K2’s Microsoft Teams
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Webinar
4.00 Credits
Member Price: $180
• Understanding the Teams platform• Communicating and collaborating in Teams• Adding applications and services to Teams• Extending Teams to individuals outside your organization
Preparing Individual Tax Returns for New Staff and Paraprofessionals
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Webinar
8.00 Credits
Member Price: $280
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
K2’s Securing Your Data: Practical Tools For Protecting Information
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Webinar
4.00 Credits
Member Price: $180
• Understanding today’s cybersecurity risks• Identifying major cybersecurity risks• Implementing specific steps to reduce risk