CPE Catalog & Events

How does a partner compute his or her basis in a partnership? What is the difference between a partner's inside and outside basis? What is the difference between a partner's capital account and partner's outside basis? How does Section 732(d) impact the buyer of a partnership interest? How does a partnership report a Section 754 election on the partnership's tax return? How does a partnership make a Section 754 election? How does a partnership make a Section 743(b) adjustment? How does a partnership make a Section 734(b) adjustment? How is a Section 743(b) adjustment or Section 734(b) adjustment allocated to the assets of a partnership? How is a Section 743(b) adjustment allocated within the class of ordinary income property and capital gain property?

Introduction to single audits • Preparation of the schedule of expenditures of federal awards and determining major programs • Understanding, assessing, and testing internal control • Testing compliance with federal statutes and regulations and applicable compliance requirements • Auditor reporting in a Uniform Guidance compliance audit • Program-specific audits • Administrative requirements and cost principles in a single audit

Legislative developments A full chapter devoted to determining the best planning options for maximizing joint Social Security benefits Retirement benefits: Amount of benefits in various circumstances; how the amounts are distributed within the family unit Qualification: Has the client retired? How business entities may be used for Social Security advantage Income taxation of Social Security: avoidance tactics 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? When can hiring the spouse increase overall benefits? Why should both spouses qualify for survivor benefits? Disability benefits When to start Social Security benefits: Advantages and disadvantages at ages 62, full retirement age, and 70 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? Pensions: Distribution strategies; how to use the minimum distribution rules in concert with Social Security benefits IRAs: Is it time to convert to a Roth? Medicare Part D prescription drugs: what retirees need to know

The fraud landscape in the United States Fraud risk procedures as updated by recently issued standards Most likely fraud types found in small to mid-sized entities Internal controls to prevent and detect fraud What to do when fraud is identified or suspected Case studies based on recent frauds

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

Changes to the lifetime estate tax exemption in light of proposed regulations SECURE 2.0 updates More than 20 documents that should be reviewed that are neither a will nor trust Provisions you need in a will Trusts and other arrangements for children Durable powers of attorney for healthcare and for financial matters Realistic retirement goals Developments relative to estate tax, and the implications for planning          

How to find unrelated buyers of a business Maintaining control of the business succession process Turning over the reins to family members: when to give up control Finding the right team to sell a business Options for selling a business to an unrelated party Options for selling a business to family members Options for selling a business to employees Overcoming the emotional attachment to a business Selling to family members for a life annuity Using family partnerships and trusts to transfer a business

Morning Session - Federal Tax Update (Business)Afternoon Session - Federal Tax Update (Individual)  

Morning Session - Federal Tax Update (Business)Afternoon Session - Federal Tax Update (Individual)

Satisfy Client and CPA Firm Needs Apply Analytical Procedures Conduct Small Audits Perform Review Service Engagements Draft Financial Statement and Footnotes Improve Corporate Tax Knowledge

Making Predictions • Why great predictions are not intuitive? • How to separate correlation from causation? • How to recognize and overcome bias? • Who is Thomas Bayes and why he matters? Becoming a Great Predictor • Why the ability to doubt helps? • Why it is better to be a fox than a hedgehog? • How non-conformists change the world • Learn from the past without hindsight bias Creating Great Projections and Budgets • Why the many purposes and types of budgets and projections cause distortions? • How benchmarking and metrics have changed the budget process? Why Black Swan Risk Matters • What is Black Swan risk? • Why the risk you don't know can hurt you? • Protect your company from unknowable risks

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

Critical concepts related to applying the Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards The Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review The Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control

• Contract accounting and revenue recognition from contracts withcustomers • Contractor financial statements • Working with a surety • Audit planning, procedures, and reporting • Long-term contracts

Updates on legislative challenges The Corporate Transparency Act and its goals Which entities need to file reports and which entities are exempt? Deep dive into the definitions of beneficial owner and substantial control Information that needs to be reported Logistics on how and when to file the forms

What is artificial intelligence? What are the different forms of artificial intelligence? The difference between artificial intelligence and machine learning The types of problems artificial intelligence can solve The role of algorithms How artificial intelligence will affect accounting and finance careers Data governance, security, and privacy How accounting firms are using AI today The role of artificial intelligence in asset management

• ERISA compliance: employee welfare plans and qualified plans • Fringe benefit issues: COBRA, Family and Medical Leave Act, and new developments in health care • Health care plans: HRAs, HSAs, and other employer-sponsored plans • Qualified plan requirements: eligibility, coverage, and vesting

Small and medium-sized business-related ASUs, including recent PCC activities Practice guidance on ASC 842, Leases Recently issued AICPA standards Engagement quality update

Recent fraud cases Common fraud schemes perpetrated by those within and outside victim organizations Consider the lessons learned Best practices to further our fraud prevention