CPE Catalog & Events

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

5-step process for recognizing revenue

Succession Planning for the Small Business Owner: Finding the Exit Ramp

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  

Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities

Tier 1: Basis limitations for S corporation shareholders and partners Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements Tier 3: Section 469 passive loss limitations and exceptions to the limitations Tier 4: The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new Section 461(l))

The Bottom Line on the New Lease Accounting Requirements

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

Buying & Selling a Business: Tax & Structuring Overview

An overview of the beginning of the process and documents for preliminary tax planning Recognizing the need for due diligence in acquisitions -- checklists of important points Deemed asset sales -- Is §338 or §338(h)(10) appropriate? The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business How to allocate purchase price for tax advantage Planning to avoid double taxation under repeal of the General Utilities doctrine Special problems and opportunities when an S corporation is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognition of tax planning opportunities Unique issues in buying and selling of LLC/partnership interests Impact of the Net Investment Income Tax (NIIT) and the §199A pass-through deduction on the tax due on the sale of a pass-through entity Individually owned goodwill

Annual Update & Practice Issues for Preparation, Compilation & Review Engagements

Overview of preparation, compilation, and review guidance Accounting and reporting issues Current practice issues Common deficiencies in peer reviews Current and future standard setting projects International reporting issues in SSARS engagements Special Purpose Framework financial statement issues Case studies Latest developments

Small Firms Group

Advanced Trust Issues: A Roadmap for Success in An Increasingly Complex Area

Key concepts of trusts, including recent trends; best practices; jurisdiction; and ways to avoid pitfalls Decanting Federal estate tax exemption and remaining relevance of trusts Irrevocable life insurance trusts The role of family dynamics Choice of trustee and other fiduciaries State trust-friendly considerations Charitable trusts Delaware Statutory Trusts Powers of attorney  Pet Trusts – the emerging necessities State, county, and local issues Portability QTIP issues Creditor considerations Potential IRA problems Problems with re-titling assets

Reviewing Individual Tax Returns: What Are You Missing?

Common errors made involving the following tax topics: Section 199A qualified business income deduction Timeshare properties Home office · Hobby losses · Self-employment health insurance · Business start-up costs Depreciation Unreported income Schedule C issues · Like-kind exchanges · Self-employment tax Sections 1202 and 1244 stock Charitable contributions of property

Governmental Accounting & Auditing Update

Recently issued GASB standards Implementing recently issued and effective GASB standards Auditor's report and conforming amendments Auditing Standards Board update Ethics update Common audit deficiencies SSARS and SSAE update Governmental auditing update

Tax Planning for Small Businesses

Starting a business — choice of entity and the tax life of a business Selecting a business entity type Section 199A and the Qualified Business Income deduction Accounting Methods Self-employment taxes and entity type Reasonable compensation issues Depreciation, Section 179, and bonus depreciation planning considerations Retirement planning Buy-Sell and Noncompete agreements Tax considerations when selling a business Partnership hot assets and other look-through provisions

Advanced Taxation LLCs & Partnerships

Allocation of partnership and LLC income under Section 704(b) Allocations with respect to contributed property Allocation of partnership recourse liabilities under Section 752 Allocation of partnership nonrecourse liabilities and related deductions under Sections 752 and 704(b) Advanced distribution rules Adjustments to the basis of partnership/LLC assets Sale of an interest in a partnership or LLC

Advanced Topics in a Single Audit

Planning the compliance audit and other risk assessment considerations Required elements of the SEFA Major program determination process, including the considerations of clusters, loans, and loan guarantees Considerations when assessing and evaluating internal controls over compliance Evaluating and reporting on applicable compliance requirements related to compliance testing Considerations of pass-through entities and subrecipients Audit sampling in a compliance audit Advanced audit reporting issues

Internal Controls for Nonprofits: Practical Insights into Mitigating Financial Reporting Compliance & Other Risks

Current outcomes of the highly significant FASB project related to Financial Statements of Not-for-Profit Entities Recently released FASB standards that will impact nonprofit financial reporting the most, including revenue recognition and lease accounting Accounting and financial reporting planned changes on the horizon that could significantly impact nonprofit entities

A&A Update for Nonprofits: Practical Insights into the Latest Accounting & Auditing Issues Relevant to Nonprofit Entities

Current outcomes of the highly significant FASB project related to Financial Statements of Not-for-Profit Entities Recently released FASB standards that will impact nonprofit financial reporting the most, including revenue recognition and lease accounting Current issues and challenges involving Yellow Book financial statement audits Critical considerations when performing Single Audits under OMB Uniform Guidance for Federal Awards Important AICPA professional standard developments related to providing audit and nonaudit services to nonprofits

Advance Tax Planning S-Corporations

S Corporation current developments: tax planning impact Compensation planning Basis in S Corporation stock Distributions Use of qualified subchapter S subsidiaries Liquidations, reorganizations, and redemptions Estate planning and use of trusts