CPE Catalog & Events

• Proper documentation as a means of audit quality • Factors impacting the nature and extent of documentation • Illustrative workpapers and exercises • Use of practice aids and other mechanisms as means of audit documentation • Checklist for self-review of workpapers

• Quality management standards • SSARS No. 26 • SAS 146 • Risk assessment and risk-based approaches to quality management • Audit engagement leadership • Managing technology and the use of external service providers

• The key requirements, options, and best practices seen in each of the basic financial statements • Today's core accounting and reporting requirements related to contributions and how to effectively and efficiently apply them • How to analyze and incorporate the needs of financial statement users into a not-for-profit's financial statements and disclosures

• Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases, and ASU No. 2020-07 related to contributions of nonfinancial assets • Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.) • Additional issues in not-for-profit financial reporting

• Retirement benefits: What the amount of benefits is in various circumstances • Spousal benefits: Should a spouse return to work? What benefits does a spouse have and when and how do they relate to benefits decisions by the client? • Claiming Social Security: Advantages and disadvantages at ages 62, full retirement age, and 70 • Planning: What clients approaching retirement age should consider now with respect to benefits for them, their spouses, and their children • Coordinating benefits: Should you take Social Security first and higher-balance IRA distributions later, or take IRA balances first and enhanced Social Security benefits later?

• Eligibility for Medicare • How to apply for Medicare • Introduction to Parts A, B, C, and D of Medicare • Payments for Parts B and D of Medicare: the higher costs imposed on higher income beneficiaries • Late enrollment penalties • Medicare Advantage in lieu of original Medicare • The Affordable Care Act's impact on Medicare • Current and late breaking legislative and regulatory developments

Retirement planning using variables such as desired lifestyle, travel plans, housing plans, medical needs, and family needs to customize a retirement plan unique to the client Using a residence and other real estate as retirement assets through equity and rent Using a small business as a retirement resource through creative retirement plans Overview of asset allocation, portfolio management, portfolio rebalancing, and investment selection concepts, before and after retirement The three-legged retirement stool: employer retirement, savings, and Social Security Planning with the new retirement provisions of SECURE Act 2.0 Distribution/asset liquidation planning Analysis of the most current/important research on retirement planning and sustaining retirement income levels

• Will Social Security be there for me? • How is my benefit calculated? • Can I claim my benefit and work too? • When do I stop paying Social Security taxes? • Why does my government pension cause my benefits to be reduced? • Can I claim spousal benefits now and my own later? • What is my breakeven? • Can I claim benefits from my ex-spouse? • What do you mean I may pay taxes on my income benefits? • . and more!

Audience Assessment • Audience profile • Five questions to answer before preparing your presentation Message and Media • What does the audience need to know? • What is the best way to convey that message? How to Get Your Points Across • Identify your normal presentation style • Deal with "Presentation Anxiety" • Sell your ideas using four critical elements Q&A Sessions • Anticipate questions • Field questions • Handle disruptive behaviors

Role of New Staff Understanding Audit Objectives Working Paper Techniques Cash Analytical Procedures Compilation and Review Services Tax Recognition and Research Techniques Auditing/Reviewing Selected Accounts

• Comprehensive coverage of the Inflation Reduction Act, including: - The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, and Premium Tax Credit • Comprehensive coverage of the SECURE 2.0 Act, including: - Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, and New Exceptions to Penalty-Free Withdrawal from Retirement Plans • Timely coverage of breaking tax legislation • Bonus depreciation • Section 174 Research and Experimental Expenditures • New FinCEN reporting requirements in 2024 • Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas

• Accounting standards updates, including an update on leases, financial instruments, and revenue recognition • Latest activity from FASB, ASB, and ARSC • An update on audit and attest standards • Private company financial reporting • Types of small business audits

• Coverage of important provisions of The SECURE 2.0 Act and Inflation Reduction Act • Self-employment tax issues: what you can and cannot do • Capital accounts: book vs. tax issues • Determining basis: key issues and technical analysis in calculating basis • Dealing with debt: recourse, nonrecourse, and why it matters • Guaranteed payments, distributive shares, and draws: understanding the difference

Overall landscape of the construction industry GAAP and recent changes affecting the construction industry The Revenue Recognition Standard and its impact on the construction industry Unique audit and review issues with construction contractors The unique relationship between the contractor and the surety Tax compliance issues facing construction contractors, including CTA reporting Ongoing and new tax issues for construction contractors Going concern disclosures and their importance to the construction industry The lease FASB ASC and its impact on the construction industry

Recently issued FASB Accounting Standards Updates, PCC Update and items on the FASB's Technical Agenda Leases - Topic 842 Recently issued ASUs covering common control leases, crypto assets (e.g., cryptocurrency), and income tax disclosures ASC 326: CECL Review of SAS 142 - Focus on Audit Evidence Recently issued SASs and other AICPA activity SSARS No. 25 and other recently issued SSARS Detailed review of SAS 145 Other important A&A practice matters

• 5-step process for recognizing revenue

• Lease classification • Amortization of the lease asset • Derecognition of the underlying asset • Recognition of lease receivables

• Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus • Emerging compliance issues in the new sales tax economy • Income Tax (and other forms of tax): Economic nexus (taxation without physical presence) • Will states shift away from income tax and increase reliance on sales tax after Wayfair? • Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid? • When to consider voluntary compliance even though the laws do not dictate a sales tax responsibility

Types of partnership distributions Liquidating partnership distributions Basis of property distributed by a partnership Special basis adjustments under Section 732(d) Abandoned and worthless partnership interests Section 751(a) exchange Transactions between partners and their partnerships Disguised sales Section 736(a) and (b) payments

Timely coverage of breaking tax legislation Form 1099-K reporting requirements FinCEN reporting requirements under the Corporate Transparency Act in 2024 Employee Retention Tax Credit updates Review of pertinent cases and rulings affecting taxpayers Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas