CPE Catalog & Events
Government and Nonprofit Frauds and Controls to Stop Them
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Webinar
4.00 Credits
Member Price: $164
Examine real-world misappropriations of cash, check frauds, vendor scams, credit card abuse, grant frauds, benefit schemes, inventory thefts, and payroll frauds, Consider and develop controls to stop fraud, Tailor controls to the size and fit of the government or nonprofit.
Advanced Income Tax Accounting
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Webinar
8.00 Credits
Member Price: $260
FASB ASC 740, Comparison of FASB ASC 740 to IAS 12, Intra-period tax allocation, Business combinations
Applying the Yellow Book to a Financial Statement Audit
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Webinar
4.00 Credits
Member Price: $164
Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards The new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review The new Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control.
CFO - Staying Ahead in a Dynamic Economy
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Webinar
8.00 Credits
Member Price: $260
Cybersecurity for the CFO: Ransomware and Beyond. Cybercrime increased by over 500% during the pandemic. Many financial leaders are tasked with overseeing computer security, which is typically outsourced. Recall the maxim, trust but verify. Why do we not inspect those we pay to manage our cybersecurity? How many backup plans should we have? Verizon reports that 44% of all data breaches by companies with less than 1,000 employees were caused by malicious employees. How to test for security? Is insurance enough? What is the `worst thing that could happen' and how to prepare for it? We will review a multi-step plan on how to enhance your data integrity. Be prepared, because at the end of day - you will be held accountable and responsible for cybersecurity. Identifying weaknesses within your cybersecurity. What are some of the more common threats? Understand your most vulnerable risk - your employees, including you. How, where, and how many backup plans. Is an IT Disaster Recovery plan sufficient? The pros and cons of the cloud. Do we truly understand our cyber-insurance policy? The need for a method to shut everything down immediately. How cybersecurity is not for IT alone, it is crucial for the entire organization. Detecting Internal Fraud - Expect the Unexpected. Two-thirds of small businesses will experience some form of employee fraud according to the Better Business Bureau. 30% of business failures result from employee fraud. Current estimates indicate businesses lose 5% of their revenues to occupational fraud. Small businesses incur higher median losses when fraud occurs. Many businesses do not have adequate controls in place to prevent and detect fraud, often because of time, staff, or financial constraints. This session will discuss common frauds and fraudsters and identify realistic ways for businesses to take steps to prevent becoming the next victim. Defining the problem - what are the key elements of Occupational Fraud. Requirements for internal controls - SOX, FCPA, SAS 115 as well as lenders, investors, regulatory bodies. How to develop a risk profile for the organization and employees. Addressing company culture. Establishing specific controls targeting the business' risk. Monitoring the culture, the staff, and the controls for effectiveness. Mergers and Acquisitions: Tips and Speed Bumps to Avoid. Mergers, acquisitions, and alliances have been - and will continue to be - major paths to organizational growth and increased competitive advantage. Despite the great initial promise of many mergers and alliances, few seem to yield the anticipated results. Numerous studies indicate that between 55% and 77% of mergers fail to accomplish their intended purpose. This course helps financial professionals, and their advisors identify, execute, and consummate mergers and acquisitions that create shareholder value while avoiding the many traps that can cause post-acquisition failure. Identifying potential acquisition candidates. Make strategic acquisitions. Identify and understand company culture. Understand the keys to effective and efficient due diligence. Plan and execute an effective integration. Key considerations. Transition Smoothly in Business: Success and Fun in Your New Role. Every professional will change roles many times. Is your position changing, e.g., a promotion, a new job, retirement, joining a Board, or a fresh college graduate? How to transition smoothly and understand those who you will work with? How do I fit in? How do I learn what to do and what not to do? Do not forget your life outside of work. It is a job, not there for your personal convenience to work when you want to. Can you have it all? How do I work with older/other/younger people? Everyone will move on to new opportunities, this seminar will prepare you on how to move on and be successful! What are the two crucial questions to ask when taking on a new role? How to check out the new organization and the new manager - before you start. Approaches to maintaining professionalism when others do not. Ways to interact with multiple generations. Learning to adapt to changing situations. Techniques to integrate work and social life. Social media recommendations.
Federal Tax Update - Individuals (Form 1040) with Pat Garverick
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Webinar
8.00 Credits
Member Price: $325
This session is a comprehensive review of the Federal individual income tax provisions and tax forms/schedules that will affect the 2022 tax returns and 2023 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive individual income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, and Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the most recent individual income tax legislation passed to date (e.g., American Rescue Plan Act, SECURE Act, CARES Act and COVID-related Tax Relief Act, Taxpayer Certainty & Disaster Relief Act and Tax Cuts & Jobs Act), Review numerous individual income tax provisions related to business (i.e., sole proprietors and owners in pass through entities) including but not limited to the 20% qualified business income (QBI) deduction, Schedule 461(l) business loss limitations, Schedule 163(j) interest deduction limitations and depreciation. Cover issues related and any changes to the various taxes (i.e., income tax rates, capital gain tax rates, self-employment tax and alternative minimum tax (AMT), 3.8% net investment income tax), Brush up on other topics such as income filing status, personal exemptions, itemized deductions, exclusions from income, adjustments to income, rentals, passive activity rules and individual income tax credits (e.g., child tax credit and dependent care credit), Look at any changes to the Form 1040 and other related schedules and forms.
S Corporations: Hot Issues Of 2023 WEBCAST
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Webinar
16.00 Credits
Member Price: $450
Introduction and IRS Hotspots. Eligibility for S Corporation Status. Income Measurement and Reporting. Distributions from S Corporations to Shareholders. Compensation and Fringe Benefits. Shareholder Stock and Debt Basis. Accounting Methods and Interest Deduction Limits. Business Interest Limitation. Integration of Multiple Loss Limits. Bankruptcy and Financial Distress. Net Investment Income. Built-In Gains Tax. Passive Investment Income. Changes in Tax Status of Business Entity. Purchase and Sale of an S Corporation. Estate and Succession Planning. Qualified Subchapter S Subsidiaries and Other Multiple Entity Relationships.
Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065) with Pat Garverick
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Webinar
8.00 Credits
Member Price: $325
This session is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2022 tax returns and 2023 tax projections with an emphasis on newly enacted income tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, as well as Pat Garverick's Quick Reference Chart. Topics include but are not limited to: Discuss the most recent business income tax legislation passed to date (e.g., American Rescue Plan Act, SECURE Act, CARES Act and COVID-related Tax Relief Act, Taxpayer Certainty & Disaster Relief Act and Tax Cuts & Jobs Act. Review numerous business income tax provisions including but not limited to the 20% qualified business income (QBI) deduction; changes to NOLs, Schedule 461(l) business loss limitations, Schedule 163(j) business interest deduction limitations, accounting method changes, depreciation, fringe benefits and entertainment expenses. Brush up on issues related to compensation, distributions, liquidations, self-employment taxes and retirement plans. Look at any changes to the Forms 1120, 1120S, and 1065 and other related schedules and forms.
Project Management for Finance Professionals
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Webinar
8.00 Credits
Member Price: $260
Project management is a way of thinking and managing, Identifying projects, needs, objectives, and deliverables, Project feasibility evaluation, Life cycle of a project, What causes projects to fail, Establishing the project scope and preventing "project creep" Defining and managing stakeholders, Organizational politics and conflict management, Establishing the detailed schedule, Introduction to project management software
Federal Tax Update Individual with Greg & George WEBCAST
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Webinar
4.00 Credits
Member Price: $175
Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.
Lessons Learned from Successful Companies
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Webinar
2.00 Credits
Member Price: $95
Creating a visionary company, Traits of successful, visionary companies, Goal setting to create a successful organization, The role of experimentation and failure in achieving success, How successful organizations emphasize learning new skills, The role of effective communication in achieving corporate success, The importance of emotional intelligence in building corporate culture, How leadership can direct a company toward success.
Federal Tax Update Business with Greg & George WEBCAST
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Webinar
4.00 Credits
Member Price: $175
Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.
Annual Update and Practice Issues for Preparation, Compilation, and Review Engagements
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Webinar
8.00 Credits
Member Price: $260
Overview of preparation, compilation, and review guidance, Accounting and reporting issues, Current practice issues, Common deficiencies in peer reviews, Current and future standard setting projects, International reporting issues in SSARS engagements, Special Purpose Framework financial statement issues, Case studies, Latest developments
CFO - Today's Staff Retention and Accounting
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Webinar
8.00 Credits
Member Price: $260
Staff Retention: Attract and Keep the Best People. Why do your best employees leave? Does it seem like you spend far too much time recruiting? Do your people leave just as they become productive? If you think your turnover is because the younger generations are different from earlier generations, you probably are not looking at the real source of the problem. We will review the facts and research about why people leave. Learn the changes you should make now! The real costs of turnover. Why do people leave? Definitive research. The twelve factors that make employees happy. Examples of great organizations Lifestyle issues. Exit interviews and stay interviews. Accounting for Equity Compensation Plans: Beware of the Pitfalls. In today's business world, there is a war for talent and organizations with the best talent will win. We clearly need to motivate talented personnel. Equity compensation plans are useful to retain, reward and recruit. The GAAP and tax accounting for equity compensation plans is not static and decisions that you make during plan set-up can have major consequences to your organization's bottom line and your management team's personal tax situations. We will review nuances and details that impact proper accounting. Whether you are the CFO or CEO who has not been happy with prior equity compensation plans or the accountant who performs the intricate analysis and detailed accounting for these plans - this session will help you understand the issues and get it right the first time. Why most equity compensation plans fail? Complexity of GAAP accounting for equity compensation plans. Tax implications of equity compensation plans. Who and how an equity compensation plan should be administered? Compliance issues to consider. Recommendations to design a better equity compensation plan. Inventory Accounting: GAAP, Software and Variance Recognition. Proper inventory accounting is deceptively complicated. Do you have the required accuracy? Do you desire to become more thorough in inventory accounting, or need to refresh, or strengthen your inventory accounting skills? This session will help you get there quickly! The session focuses on the crucial components: GAAP inventory, inventory software, and methods for dealing with variances. GAAP accounting for inventory. Differences between GAAP versus cost accounting. Breaking down all the costs in: Bill of Materials, Labor, Overhead. Recognizing variance. Awesome Business Lessons from the Past: Learn from the Best!. Why not learn, or re-learn, some amazing business lessons from the past that are still effective today? What did Henry Ford do when annual employee turnover was 370% and workers demanded more pay? Sound familiar to today's world? Ford's solution worked! We see today's problems and believe that these problems have never occurred before. Not true. We will discuss timeless business lessons that are as practical today as when they were written decades ago. We will review; `How to Win Friends and Influence People,' `Today and Tomorrow,' and `The Art of War.' Let's learn from the very best, as these lessons have been battle tested and proven over time. The six methods to get others to like you. How to learn what others want. What are twelve ways to win others to your way of thinking? How to destroy your enemies. What are the fundamental principles of Henry Ford's success? Focus on technology, training and `Scientific Method'. Value of training and education. The need for fun. What are the thirteen steps necessary to plan for success? All plans must adjust to changing realities. What are the traps to avoid? How to use these principles to move your organization forward.
Working Paper Documentation
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Webinar
2.00 Credits
Member Price: $95
Source of data for tax adjustments from books, Authority documentation, Case studies - good and bad workpapers
Section 199A: Schedule K-1 Reporting by Relevant Pass-Through Entities
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Webinar
4.00 Credits
Member Price: $164
The latest guidance from the IRS provided through regulations or administrative announcements, Reporting requirements for all relevant pass-through entities, Reporting for multiple activities within one entity, Allocating common items among multiple activities Section 199A Schedule K-1 reporting for tiered entities, Calculating and reporting qualified wages and the unadjusted basis immediately after acquisition of qualified property, Allocating Schedule 199A relevant amounts to beneficiaries of trusts using DNI, Handling separately stated items for which qualified business income status is determined at the shareholder or partner level, The effects of ownership changes on Schedule 199A reporting on Schedule K-1, Reporting publicly traded partnership income and REIT income to the partners or shareholders, Reporting aggregated activities, Allocating Schedule 199A amounts to partners when special allocations have been made by the partnership.
S Corporations: Advanced Workshop WEBCAST
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Webinar
8.00 Credits
Member Price: $260
Eligibility problems, including special problems for unincorporated entities. Shareholder requirements, including trusts. New compliance problems, including required accounting methods, attribution, and an unworkable tax shelter rule. Late and defective election relief for S corporations, Qualified Subchapter S Subsidiaries, and trusts. Financial distress problems of S corporations and shareholders.
IRS Disputes
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Webinar
4.00 Credits
Member Price: $164
The assessment process, Audit selection, examination, and the appeals process, Installment agreements, Offers in compromise, Advising delinquent taxpayers, The IRS collection process for tax liens, levy, seizure, and sale, Bankruptcy and the effect on tax liabilities, Practice before the IRS, Business taxation, Tax liens levy seizure, Fund recovery penalty.
Starting a Small Business: What Every Trusted Advisor and Entrepreneur Needs to Know
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Webinar
2.00 Credits
Member Price: $95
Understanding the time commitment required to start and run a business, Selecting a corporate structure to protect your personal assets, Building your product or service, Sales and marketing in your business, Establishing your owners, investors, managers, and employees, Accounting, recording-keeping, and other software programs, Leases, contracts, and employee agreements, Protecting intellectual property, Insurance, Business plans, Financing, Market position.
Tax Planning Based on Form 1040
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Webinar
8.00 Credits
Member Price: $250
Understanding the health care laws, Health savings accounts (HSAs), Alternative Minimum Tax-how to deal with it, Roth IRAs-proper use, The importance of AGI in tax planning, Alternative techniques and strategies using Section 529 plans, Small business owner strategies, Retirement planning strategies, Income shifting to children-a revised strategy, Strategic estate planning advice integrated with income tax planning
Making the Best of Bad Situations
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Webinar
8.00 Credits
Member Price: $250
Understanding the tax and non-tax issues in divorce, Understanding the tax and non-tax issues in personal bankruptcy, cancellation of debt, foreclosure repossession, and reporting of bad debts, Understanding the tax and non-tax issues of personal relationship matters, such as living together, property rights, premarital agreements, filing status, exemptions, and dependents, Understanding the support issues for spouses and former spouses, Understanding support issues for children of divorced or separated parents and the tax treatment of back child support, Understanding the business issues involved when the parties to a business break apart, Special issues, such as marital property rules, married versus unmarried tax rate comparisons, head of household status, and treatment of refunds and deficiencies.