January 27, 2020 – January 28, 2020 8:00am – 3:30pm

Hands-On Tax Workshop – Individual (Form 1040)(Two Day Course)

This case-driven training is designed to get the inexperienced accountant up to speed quickly in the most common areas of individual income taxation. The cornerstone of this course is the preparation of the Form 1040 using actual client data common to most individual income tax returns.

More Information

Phoenix
Taxation
16
Webcast
Taxation
16
January 27, 2020 9:30am – 5:00pm

Webcast: Review of Significant Accounting Topics

CPAs with financial reporting responsibility for nonpublic entities face many challenges when applying GAAP.  Some areas, such as revenue recognition, accounting for leases, and accounting for financial instruments have undergone significant changes.  Other areas that include derivatives and hedging; assessing assets for impairment; and variable interest entities are often complex in nature with guidelines that are not necessarily clear as to when they are to be applied and what exceptions might be available.

This course addresses a variety of standards.  For those with recent significant changes, the discussion will focus on the impact of the changes to accounting, financial reporting, and disclosures under the new requirements and how they differ from current reporting.  For areas that have not undergone recent significant changes, the focus will be on when they are to be applied; how they might be appropriately avoided; and the various alternatives that may be available.

Specific topics will include:

  • Coverage of accounting for leases, primarily for the lessee, will focus on how the analysis to determine lease classification has changed, comparative journal entries under the old and new standards, and an overview of the new presentation and disclosure requirements.
  • Coverage of the revenue recognition standard will address those entities that are expected to experience a significant change in the amount of revenue recognized in a specific period, such as some providing warranties, those involved in contracts that entail multiple deliverables, and those entering long-term contracts.  Changes to disclosures will also be addressed comparing typical footnotes under the old standard to what they will look like under the new.
  • Coverage of financial instruments will focus on the changes to accounting for investments in equity securities of other entities and will address the transition to the new standard and the accounting and disclosure required subsequent to the change.
  • Coverage of variable interest entities will focus on determining when they apply and alternatives to consider when consolidation is not desirable.
  • Derivatives and hedging will be covered from an overview perspective to assist accountants in identifying derivatives and understanding the accounting alternatives available.

For live presentations, attendees will be encouraged to suggest topics that will be added to the agenda based on their importance to the attendees and the time available for coverage.

Materials are provided as an ebook.

More Information

Webinar
Accounting & Auditing
8
January 27, 2020 9:30am – 12:00pm

Webcast: Accounting For Nonprofit Board Members

Serving on a nonprofit board can be exciting and fulfilling. However, unique FASB standards for nonprofits can make reading financial statements a frustrating task. In this course, learn about core accounting standards for nonprofits and what common accounting errors to avoid.

Being a board member can also lead to personal liability if the organization’s policies and procedures are not set up properly and monitored effectively. Examine the key areas of nonprofit risk management and compliance, and what questions to ask your organization to protect leadership.

Materials are provided as an ebook.

More Information

Webinar
Accounting & Auditing
3
January 27, 2020 9:30am – 5:00pm

Webcast: S Corporations: The Fundamentals And More

Considers a wide range of topics related to S Corporations with the purpose of creating or refreshing a solid foundation of knowledge in this specialized area of the tax law.

This course will review the requirements to elect S Corp status, the process of electing and the consequences of the election. Also, discuss the decision to elect or terminate and the sale of the corporate business which create valuable insights and perspective for more advanced S corp study in the future.

Additionally, take into account the 2017 Tax Cuts and Jobs Act changes such as the "qualified business income deduction" IRC 199A.

Materials are provided as an ebook.

More Information

Webinar
Taxation
8
January 27, 2020 9:30am – 5:30pm

Webcast: Dealing with IRS Appeals

IRS Appeals is often the best place to resolve a tax dispute. Appeals can review almost all examination and collection determinations and is often the best place to resolve any disputes. A practitioner should not handle a complicated examination or collection matter without a thorough understanding of how Appeals operates.

This is especially true with the recent changes in the way Appeals handles cases. This course will review the Appeals process and strategies that will allow practitioners to competently represent a client before the IRS. State tax appeals will also be discussed and compared.

Materials are provided as an ebook.

More Information

Webinar
Taxation
8
January 28, 2020 9:30am – 5:00pm

Webcast: S Corporation Taxation: Comprehensive (Form 1120S)

Get a comprehensive review of the laws and regulations impacting S corporations. Be prepared to handle the IRS' 2017 announcement that targets the improper reporting and calculations of stock basis.

Course topics cover issues surrounding reasonable compensation, distribution taxation, the use of Qualified Subchapter S Subsidiaries, allocation of annual operational income and loss and proper methods for calculating basis of stock and debt calculations. Learn how to properly prepare a Form 1120S by addressing difficult compliance issues and common errors.

More Information

Webinar
Taxation
8
January 28, 2020 11:00am – 1:00pm

Webcast: Asset Protection

Learn how to keep assets safe from plaintiffs, creditors or a government agency. In this course, review planning strategies and solutions, including planning with community property, business entities and domestic and foreign trusts.

Examine how to plan for specific creditors, like plaintiffs attorneys and lenders holding personal guarantees. Also, learn various ways to protect common assets, such as houses, bank and brokerage accounts, businesses and professional practices and retirement plans.

A lot of attention is devoted to the practical aspects of planning—what works and what does not work, especially when implementing last minute planning. Course materials include real-world case histories that illustrate the effectiveness of various structures.

More Information

Webinar
Specialized Knowledge
2
January 28, 2020 11:30am – 3:00pm

Webcast: Quality Control In A CPA Tax Practice: Circular 230 Changes

Recent changes to IRS Circular 230 require all tax professionals and firms, regardless of size, to have policies and procedures in place to ensure compliance with the standards. Examine the necessary steps.

Learn how to reduce inefficiencies, streamline workflow, improve customer service, ensure compliance with professional standards and ultimately give yourself a competitive edge by using quality control best practices, forms, checklists and more.

More Information

Webinar
Taxation
4
January 28, 2020 1:30pm – 5:00pm

Webcast: Quality Control In A CPA Tax Practice: Circular 230 Changes

Recent changes to IRS Circular 230 require all tax professionals and firms, regardless of size, to have policies and procedures in place to ensure compliance with the standards. Examine the necessary steps.

Learn how to reduce inefficiencies, streamline workflow, improve customer service, ensure compliance with professional standards and ultimately give yourself a competitive edge by using quality control best practices, forms, checklists and more.

More Information

Webinar
Taxation
4

Need assistance to find the right mix of CPE to meet your CPE requirements and to fit your professional development needs? Contact the ASCPA to assist you in planning your CPE schedule at (602) 324-6042 or by email.