CPE Catalog & Events

Timely coverage of breaking tax legislation Comprehensive coverage of the Inflation Reduction Act of 2022 and SECURE Act 2.0 A tour of the most recent changes starting from gross income and ending with alternative minimum tax (AMT) and selected credits including the latest IRS guidance on recent tax legislation Hot developments affecting the upcoming tax season Review of new laws and changes in old forms to provide a familiarity for the upcoming tax season Key new tax and practice developments and how they impact the current-year tax forms for individuals

The impact of TCJA and the latest tax developments for individuals Major tax court cases impacting individuals Tax credits for individual's and businesses update Reporting Schedule K-1 activities from partnership and S-corporations Latest from the IRS on major individual tax matters Individual tax numbers update for 2024 & 2025

The impact of TCJA and the latest tax developments for individuals Major tax court cases impacting individuals Tax credits for individual's and businesses update Reporting Schedule K-1 activities from partnership and S-corporations Latest from the IRS on major individual tax matters Individual tax numbers update for 2024 & 2025

Why the IRS selects a tax return for audit What happens when the taxpayer disagrees with the results of the audit IRS employees who interact with taxpayers during an audit FATCA audits Types of IRS examinations Potential IRS audit outcomes Substitute for returns Large Partnership Compliance Program IRS's shift in audit strategies Responding to IRS Notices online Audits of high income and high net-worth individuals The Bipartisan Budget Act of 2015 (BBA) and its impact on auditing partnerships IRS Letters of Concern

Module 1: Deciphering Balance Sheet Accounting Issues Typical accounting issues that impact the balance sheet Where are the 'hidden' issues in unrecorded liabilities Why and how most balance sheets are not correct - What are unrecorded assets and why do they matter? - Suggestions to improve balance sheets Identification of and resolution of balance sheet challenges and changes Communicating with your audience and stakeholders Module 2: Lease or Buy, Debt or Equity: The Financing Decision, Theory and Practice What is the cost of capital? How does the mix of debt versus equity affect the cost of capital? What is the right balance of debt to equity and why does it vary? Modigliani and Miller's Nobel prize-winning theory How do risks affect my choices? Risk aversion choices amongst providers of finance How will capital structure affect me in times of financial distress? Buying assets versus leasing them - what needs to be considered? Evaluating a lease versus buy decision and why so many get the analysis wrong Module 3: Dealing with Ever Changing Accounting Standards and Other Demands Understanding the modern finance and accounting organization chart GAAP accounting changes o Why so many changes o The speed of change and complexity o Accepting reality Recognizing and fixing the top five accounting problems and errors o Revenue o Leases o Management estimates Why is strategy necessary? o What is strategy? - The two keys to strategy o Balancing strategy with our day-to-day roles Module 4: SALT for CFOs: What You Don't Know and Should Know Why do local jurisdictions, e.g., states, need more tax revenue? The creative new methods to raise taxes o Including new taxes, rates, limits, exceptions, boundaries, etc. o Exporting the tax burden o Employee vs. independent contractors o Mobile workforce issues The myriad, novel schemes to tax o Fees and licensing matters Leading SALT software providers o Common implementation problems o States' expectations that technology makes compliance simple for the taxpayer o Do the costs of compliance outstrip the taxes due? Officer liability for taxes - it is a real thing! How variable is SALT taxation? o Examples of the differences o Entity classification considerations in the SALT equation o Variability by state and each county within each state The benefit/necessity of an annual review Risk reduction strategies

Module 1: Better Management Reporting: Clear + Simple = Great! Why do most managers not understand financial reports? o The mistakes users make and the mistakes the accountants make o Steps to take to correct the issues What do managers need from their reports? o The step-by-step process to build reports that provide vital information o How to learn what your users want o Alternative methods to present reports What systems and software could be helpful? Examples of great reports o What works and what does not work well? o Crafting a report to suit your audience The benefit of and necessity of an annual review Module 2: Changing Corporate Culture: Understanding Your Culture and How to Improve It The eight types of corporate cultures Determining which culture(s) exist in your organization How to introduce change in an acceptable way What are core values and why they are so important? What kind of culture(s) fits in the organization? Where do you need the culture to develop so the organization can thrive? Why people are so resistant to change What is the 'right' speed for change? How to grow your team into a better culture Module 3: Recognizing Lies: How to Detect and Prevent Lies abound o Why is it so difficult to call out a liar? o How lies devastate o Why do we despise lies? o What sets liars apart? Deciphering the signals that indicate dishonesty How short-term thinking leads to lies and leads to uncovering lies o Analyzing the cues o Differentiating concerns and guilt The deception paradox What makes a great lie so great? Proven processes to uncover lies Module 4: Reinventing the Modern CFO: Adapting and Advancing! Championing the role of innovation in the workplace Technology evangelists and change agents o What does it mean? o What is our role? The roles we take on and differences between the roles we are assigned How innovation and strategy matters Current and future trends and expectations for financial leaders and CFOs Top ten crucial skills for 2035

Module 1: Better Management Reporting: Clear + Simple = Great! Why do most managers not understand financial reports? o The mistakes users make and the mistakes the accountants make o Steps to take to correct the issues What do managers need from their reports? o The step-by-step process to build reports that provide vital information o How to learn what your users want o Alternative methods to present reports What systems and software could be helpful? Examples of great reports o What works and what does not work well? o Crafting a report to suit your audience The benefit of and necessity of an annual review Module 2: Changing Corporate Culture: Understanding Your Culture and How to Improve It The eight types of corporate cultures Determining which culture(s) exist in your organization How to introduce change in an acceptable way What are core values and why they are so important? What kind of culture(s) fits in the organization? Where do you need the culture to develop so the organization can thrive? Why people are so resistant to change What is the 'right' speed for change? How to grow your team into a better culture Module 3: Recognizing Lies: How to Detect and Prevent Lies abound o Why is it so difficult to call out a liar? o How lies devastate o Why do we despise lies? o What sets liars apart? Deciphering the signals that indicate dishonesty How short-term thinking leads to lies and leads to uncovering lies o Analyzing the cues o Differentiating concerns and guilt The deception paradox What makes a great lie so great? Proven processes to uncover lies Module 4: Reinventing the Modern CFO: Adapting and Advancing! Championing the role of innovation in the workplace Technology evangelists and change agents o What does it mean? o What is our role? The roles we take on and differences between the roles we are assigned How innovation and strategy matters Current and future trends and expectations for financial leaders and CFOs Top ten crucial skills for 2035

Define and scope of estate planning Long-term care as a critical estate planning issue Challenges with Medicaid planning Methods to pay for long-term care