Accounting and Taxation
Future of Forecasting and Budgeting with Rolling Forecast
The current technology driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to manage resources and find ways to thrive and survive in this turbulent business environment.Traditional budgeting has been overtaken by ..
The Impact of the Likely Upcoming Trump Tax Changes
Objective: Analyze potential changes in tax policies and their implications for individuals and businesses.Subtopics:Overview of the 2017 Tax Cuts and Jobs Act (TCJA)Proposed Extensions and Modifications to TCJAChanges to Individual Tax Rates and BracketsBusiness Tax Implications: Corporate Rates and DeductionsSocial Security and Retirement Tax AdjustmentsPreparing for Policy Changes: Strategies and Plannin..
Building a World Class Internal Audit Function
Increased demand for statutory and regulatory requirements, as well as control and financial-focused engagements, increases the need for maintaining a fully staffed internal audit activity with appropriate skill sets, with restricted budgets.Coupled with a need to improve reporting relationships with senior management and the board, and maintain a risk-focused audit plan in an era of competing priorities, I..
IRS Penalty Abatements
You will learn the four types of penalties: First-time penalty abatements How to request an abatement?The reasons for filing the return lateThe state of mind of the taxpayerYou will also receive sample letters to use in requesting a penalty abatement for your clientAreas Covered The course will cover these penalties and how to have them abated:Failure to fileFailure to make depositsFailure to payIt will cov..
ROTH IRAs
This course will cover:The differences between Regular and Roth IRAs The pros and cons of Roth IRAs The withdrawal rules Conversion rulesRecharacterization rulesWhy they are a good investmentWhy they should be considered a good retirement toolAreas Covered The course will cover:Contribution limitsIncome limits How to do a conversion Tax payments associated with a conversion Pros and cons of a conversion Req..
Audit 101 - How to conduct an effective audit and what they don't tell you may happen during an audit
Effective Audit & What They Don't Tell You May Happen During an Audit" will delve into practical strategies and insights beyond traditional auditor certification training. Participants will learn effective techniques for dealing with various types of auditees and handling unexpected scenarios that often arise during audits. Through case studies, the session will equip auditors with the tools to navigate..
Accounting for Managers
Managers need to assess the financial health of their department and also submit budgets. This requires a basic knowledge of accounting and budgeting. Most managers (especially first-time managers) lack this knowledge and are forced to learn it on the fly. The Accounting EquationUnderstanding the Profit/Loss Statement and Balance SheetBank ReconciliationsAccounting SoftwareBudgeting BasicsFixed vs Variable ..
Accounts Payables Internal Controls Best Practices in a Paperless Environment
We operate in a paperless environment. Internal controls are more critical in a paperless environment. During COVID-19 companies have deployed employee in remote locations. This “work from anywhere” WFA environment makes internal controls more difficult as events and activities are not performed in central locations. We must rely on technology to combine them to a central platform. Accounts payable is movin..
Basics of Forensic Accounting
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will hel..
Creating a Culture of Accountability: Strategies for Team Success
This one-hour session on building a culture of accountability focuses on strategies to foster responsibility, trust, and ownership within teams and organizations. Participants will learn how to set clear expectations, create transparent communication channels, and implement effective feedback mechanisms. Key concepts like defining roles, tracking progress, and holding individuals and teams accountable in a ..
Cryptoasset Accounting and Taxation Trends For the Profession
The dynamic rise of cryptocurrencies and digital assets is reshaping the financial landscape, creating both challenges and opportunities for accounting professionals. With digital currencies gaining acceptance in personal portfolios, corporate treasuries, and decentralized financial ecosystems, CPAs must stay ahead of the curve to provide accurate financial reporting, ensure tax compliance, and deliver stra..
Employee Retention Credits
The credit existed from March 13, 2020, through the end of 2021, and even though the program is now closed, a business can still get the credit by filing amended payroll reports. This webinar will cover everything a business needs to know about the ERC.Areas Covered The 3 ways to qualifyWhat size of employer qualifiesWhat exactly are "wages"?How to calculate the creditHow to claim the credit (Form 941-X)Pap..
Financial Insights: GAAP's New Accounting Principles
In today's ever-evolving financial landscape, staying up-to-date with accounting principles is essential. Join our insightful webinar, "Mastering GAAP: Navigating New Accounting Principles and Their Impact on Borrower Financials" to demystify recent changes in accounting standards and understand their repercussions for both borrowers and lenders.Key Takeaways:Background of FASB and IASB Accounting Convergen..
Fraud - What IRS Looks for and How You Should Avoid It?
A former IRS Revenue Officer and Fraud Technical Advisor describes what indicators IRS employees look for as evidence of various tax crimes and how practitioners should be aware of those same indicators so they can get the problem fixed before IRS finds it, prevent the client from committing fraud in the first place or recognize when it is in their best interest to disengage if the client won’t cooperate. A..
Fringe Benefits Taxation
Participants with walk away with a better understanding of the IRS view on fringe benefits taxation. The details of the IRC exceptions allowed by the IRS will be detailed and explained to participants. Participants v/s Companies are providing more fringe benefits to employers more than ever before, thus reduces company costs but raises employee morale. Because of this, the IRS has more to say on what Fringe..