CPE Catalog & Events
The ABCs of Advisory Services
Monday, December 5 9:00am - 10:55am
Webinar
2.00 Credits
Understanding the concept of “Integrated Planning” (financial, estate, asset protection, and tax planning) Changes in the landscape of a tax practitioner’s practice The bridging of services Getting started – Where do your clients fail? Understanding the primary planning issues for all clients Estate and Gift issues Traps, pitfalls, and tips in planning Practical steps in establishing a tax advisory and wealth management services practice Domicile issues
Monthly Federal Tax Update - December 2022
Monday, December 5 9:00am - 11:00am
Webinar
2.00 Credits
The major topics covered in this class include:Current individual tax issuesCurrent business entity tax issuesAny current tax legislation occurring during the periodOther issues affecting the profession, including IRS procedure, current cases, payroll, and other federal tax issues
Yellow Book Update
Monday, December 5 9:00am - 11:00am
Webinar
2.00 Credits
Yellow Book Independence Data quality Technical Update
Analytical Procedures: Methods and Evaluation
Monday, December 5 9:00am - 12:30pm
Webinar
4.00 Credits
Review of the appropriate audit and review standards Identifying appropriate analytical procedures in the circumstances Developing expectations Designing and performing analytical procedures Investigating results of the procedures performed Introduction to data analytics
New Businesses-Advising Clients on Related Tax Issues
Monday, December 5 9:00am - 12:30pm
Webinar
4.00 Credits
The types of business entities recognized by the Internal Revenue Code The limited liability company (LLC) and applying the check-the-box regulations Advantages and disadvantages of the various entity types Tax-free incorporation under IRC Section 351 and what can turn the formation into a taxable event Tax-free formation of a partnership under Section 721 and the special related problems found in Section 704(c) with regard to any unrecognized gain/loss Business types qualified for Section 1202 treatment as a C corporation and the benefits conferred on such entities
K2's Data Analytics for Accountants and Auditors
Monday, December 5 9:00am - 12:43pm
Webinar
4.00 Credits
Excel as a data analysis tool Excel add-ins Microsoft’s Power BI application
How Fraud Can Affect Smaller Organizations
Monday, December 5 9:00am - 1:00pm
Webinar
4.00 Credits
The reasons for fraud Fraudulent acts that are initiated against smaller organizations Methods to stop fraud attempts against small businesses
Federal Tax Update: Comprehensive Individual Tax-Form 1040
Monday, December 5 9:00am - 4:30pm
Webinar
8.00 Credits
Review of recent federal legislation and administrative rulings. Review of recent modifications to tax forms. Review of small business tax law and administrative update changes. Review of retirement plan changes. Overall review of tax practice and procedures.
Federal and California Tax Update for Individuals | Titans of Tax Tour
Monday, December 5 9:00am - 4:30pm
Webinar
8.00 Credits
2022 legislation from Congress and California. Income inclusions, exclusions and deductions, and losses. Property transaction updates, including for cryptocurrencies and other digital assets. Passive activities, hobbies and other losses California major developments for individuals Filing status, credits and retirement plan developments Expiring provisions. Due diligence reminders.
Making Better Financial Healthcare Decisions
Monday, December 5 9:00am - 4:30pm
Webinar
8.00 Credits
The interrelationship of health, happiness, and financial well-being. Tax planning for health care costs. The failures and successes of the Affordable Care Act. Medical insurance terminology, alternatives, and strategies for selecting the best option. The pros and cons of health savings accounts. Traditional long-term care insurance, hybrid strategies, or self-insure? Medicare Parts A, B, C, and D and MediGap plans. Incapacity, elder law, Medicaid, and choosing a long-term care facility. Hospice and palliative care.
Pass-Through Owners' Basis and Distribution Rules: Comprehensive-Forms 1065 and 1120S
Monday, December 5 9:00am - 4:30pm
Webinar
8.00 Credits
Understand the four loss limitation rules applied on the owner's individual income tax return (I.e., basis, at-risk, passive, and excess business loss limitations). Determine how to calculate an owners' initial tax basis of his pass-through entity Learn how to correctly make annual adjustments to a pass-through owners' tax basis. Discover how cash or non-cash distributions from a pass-through entity affect the basis calculations and whether they are taxable to the owners. Compare the tax treatment of the sale of a shareholder's stock in an S corporation and a partner's interest in a partnership. Learn what constitutes a debt basis for an S Corp shareholder. Learn the tax ramifications of repaying loans to S Corp shareholders. Learn how recourse and non-recourse debt is allocated to a partner and learn how this allocation affects a partner or member's basis calculations and amount at-risk. Learn how to interpret a Schedule K-1 for items related to the calculation of basis.
Fundamental Responsibilities for Reviewing Workpapers
Monday, December 5 9:30am - 11:30am
Webinar
2.00 Credits
The major topics covered in this class include:Documentation as a means of audit qualityResponsibilities of the workpaper reviewerAppropriate review notes at various phases of the engagement, including before and after audit report date and report releaseImportant tips for providing review notes that will promote an effective and efficient financial statement audit
Foundations for a Strong Internal Audit Department
Monday, December 5 10:00am - 11:45am
Webinar
2.00 Credits
Internal audit definition challenges Independence challenges Charter challenges Authority challenges Actions Reporting challenges Introduction to risk-based auditing Risk-based auditing: steps and understanding Identifying, responding and concluding on risk Independence of audit plan When management says NO
OMB Update - Revised Uniform Guidance 2 CFR 200: Including Performance-Based Payments, Significant Changes to the Procurement Standar
Monday, December 5 10:00am - 11:46am
Webinar
2.00 Credits
New and revised definitions Clarification on the use of time periods Emphasis on performance and outcomes Performance-Based Payments using unit cost rates in lieu of cost reimbursable invoicing New cost principle New prohibitions New procurement preference and refocus on public policy objectives Clarification on sub-recipients with no direct funding Relaxing the rule for NICRA to De Minimis rate usage The flexibility that no “one-size-fits-all” procurement standards
K2's Excel Power Query - Ten Things You Need to Know
Monday, December 5 10:00am - 11:48am
Webinar
2.00 Credits
What is Power Query Importing data from various sources, including text, Excel, web sites, and databases How to clean-up imported data
K2's The Very Real Risk of Ransomware
Monday, December 5 10:00am - 11:49am
Webinar
2.00 Credits
Understanding what ransomware is and how it is transmitted Exploring a variety of high-profile ransomware cases Developing an action plan to reduce your individual and organizational risk
Fiduciary Accounting for Estates & Trusts - 2 Hours
Monday, December 5 10:00am - 11:50am
Webinar
2.00 Credits
Examine provisions of the Uniform Principal and Income Act Mandatory and discretionary allocations and adjustments Trustees ability to override the fallback rules Review the contents of a proper set of trust accounting statements
What's Going on at the FASB
Monday, December 5 10:00am - 2:00pm
Webinar
4.00 Credits
FASB Update ASUs Effective Leases
S Corporations: How to Calculate Shareholder Basis
Monday, December 5 10:30am - 12:30pm
Webinar
2.00 Credits
The major topics covered in this class include:Analyzes the calculation of basis when the entity is formed including the impact of contributed propertyDetermine the importance of shareholder loans to the entityUses a comprehensive example to illustrate the mechanics of the basis determination processCalculate how basis is impacted by distributions of corporation propertyIdentify how basis is impacted by sale/or liquidation of the S corporation interestDetermine how to get from the Schedule K-1 information to the basis calculations
How 10 Emotional Intelligence Habits Can Foster Trust in the Workplace
Monday, December 5 11:00am - 11:58am
Webinar
1.00 Credits
Emotional intelligence Workplace culture Employee trust