Upcoming Events

When Your Client Dies: Final Form 1040, Post-Death Elections and More

Tax practitioners need special knowledge and skills when working with clients after a family member’s death. There are special tax rules associated with preparing a client’s final Form 1040 and a host of other issues and options that must be carefully addressed. Your clients need you to be at your absolute best as you support them through the necessary steps during those difficult times. The webinar provides a practical review of how to prepare the decedent’s final Form 1040 and...

How to Avoid Common Peer Review Pitfalls

What does it take to have a properly designed and operating effectively quality control system that leads your CPA firm to receive a pass with no findings on your next peer review report? Find out how you can create a strong quality control environment for your assurance practice. Offering practical guidance, this session will assist you in the process for selecting the appropriate peer reviewer and to determine the right year-end for your practice. Recent changes to enhance the peer...

Accounting Standards for CPAs: Summer Update

This session will cover the recently issued Financial Accounting Standards Board (FASB) Accounting Standards Updates (ASUs) for 2021, 2022, and other years as appropriate. In addition, the session will deal with earlier standards that have deferred the effective dates for standards. Further, additional information that the FASB offers that is considered important will be dealt with. This includes FASB meetings, news releases and anticipated developments.

Compilation and Review in the Red Zone

This course explains the varied and unusual details of Generally Accepted Accounting Principles (GAAP) and Special Purpose Financial Standards that impact the accounting, review, compilation, and preparation principles for privately held entities. Engagements during the Coronavirus Global Pandemic (COVID-19) and SSARS 25 are discussed for application to preparation, compilation, and review engagements. Special disclosures during the Pandemic are explored.

2022 LLCs: Reducing Self-employment Tax and Maximizing the 20% Passthrough Deduction

Join experienced tax practitioner Greg White, CPA, for this two-hour CPE webinar providing a broad overview of self-employment tax application to LLC members, including up-to-the-minute changes in this fast-changing area. Greg will also cover how the Tax Cuts and Jobs Act affects decision-making in gray areas, and when LLC’s provide a better tax result for owners. You will learn how LLC’s can be used to increase the qualifying business income deduction (20% passthrough deduction). And...

Transactional Tax Basis Capital Reporting

Partnerships must now report all partners’ capital accounts on a tax basis. After a few false starts, the IRS has settled on use of the “transactional” approach to tax basis capital accounts. This seems fairly simple at first impression. The entries for specific transactions are made on a tax basis. Capital falls out from these entries. However there are many transactions that present challenging interpretations for capital account reporting. This session will examine the reasons...