Accounting and Taxation
Overview of the Tax Cuts and Jobs Act
In 2017, Congress passed the Tax Cuts and Jobs Act. This is the greatest tax law change since the 1980s when Congress added the passive loss rules. With it being such a large tax bill, there are many changes between the old law, new law, and future law (as many of the changes do eventually expire).This course will cover all of the major changes in the tax law. For individuals, we will look at the impact of ..
Payroll Deduction overview
This webinar will give a general overview of the types of deductions that employers take from an employee’s check. We will review the laws that surround all types of deductions you can take with or without employee consent along with proper calculation of the deductions. This webinar will give you the knowledge to be sure that how you process employee payroll deductions are in accordance with the law for bo..
Preventing Internal Embezzlement and Employee Fraud
Each year, crime statistics show employee theft and embezzlement costing businesses and organizations billions, with new, more sensational stories appearing all too regularly in the Press. The pervasiveness of these crimes means no employer – whether for-profit, non-profit, governmental, or religious–can count itself as immune. Moreover, embezzlement and fraud also occur as insider crimes by partners, offic..
Principles of a Shadow Payroll
US companies are becoming more global each day, and many employers are faced with many challenges when a U.S. employee is working abroad or when a foreign national is working in the U.S. Many countries have changed tax laws in the last several years that make companies look for different ways to maintain international assignments. Since tax equalizations are not enough anymore to mitigate the risks that emp..
Private Foundation Issues and Form 990-PF
Private foundations have many complex rules and potential traps for those managers and preparers unaware of the rules. This session provides an overview of Form 990-PF and basic information regarding excise taxes, potential penalties, and their implications for the completion of Form 990-PF. Learn the differences between non-operating (grant-making foundations) and operating foundations and planning suggest..
Ratios the Road to Improve Profits & Productivity
All business professionals need a good working knowledge of financial statements to include how they are created and how they can be used to make key business decisions. Business/financial transactions are transformed into financial statements through an accounting process.Three required statements are produced:Income StatementBalance SheetCash Flow StatementThe statements provide Results of business activi..
Sales and Use Tax Compliance
Sales and Use Tax is among the most complicated areas of compliance there is. 45 states levy a state-wide sales tax and each state does it differently. In addition, the digital era and online purchases bring with it its own issues. This webinar will teach you the basics of the sales and uses tax environment and how best to comply. We will touch on audits, and when use tax might apply to a given situation. F..
State and Local Income Tax Issues
In this practical webinar, you will learn with the expansion of the Internet, more and more companies are performing work out of their home state. It’s important to get a basic understanding of state and local tax issues in order to help guide clients in these other states as well as their home states.Upon course completion, you will be able to:Determine where nexus is and if it existsFigure out sales and u..
Tax Ethics and Circular 230
Congress is currently considering legislation that would require all tax preparers to follow the ethical guidelines and rules under Circular 230.Currently, the IRS only requires practitioners who represent taxpayers before the IRS to follow Circular 230 due to the Loving case. Even though tax representation creates a jurisdiction hook, tax representatives can still run afoul for tax preparation issues under..
Tax Logic: The Foundational Legal Framework
The seminar will explain the law, the underlying legal principles, and the logic for both used by tax authorities and by the courts in evaluating, judging, and enforcing the law.Fundamental issues like recognition of income, allowance of deductions, proper and improper capitalization, permissible depreciation and amortization methods, qualifications for credits, and differences between civil tax enforcement..
The 1099 & W-9 Annual Update Course –Complying with IRS Information Reporting
What are the rules regarding paying and IRS reporting on Independent Contractors? How do we avoid the IRS CP-2100 (B-Notices)? What if our vendor/payee claims exemption; must we obtain a W-9 anyway? What are the best practices for handling our information reporting obligations? How can we minimize the risk of improper exemption claims by our payees and vendors? Get the answers to these and related questions..
The 1099 and W-9 Annual Update Course
What are the rules regarding paying and IRS reporting on Independent Contractors? How do we avoid the IRS CP-2100? (B-Notices)? What if our vendor/payee claims exemption; must we obtain a W-9 anyway? What are the best practices for handling our information reporting obligations? How can we minimize the risk of improper exemption claims by our payees and vendors? Get the answers to these and related ques..
The Credit Manager’s Tool Box – Tools and Techniques for Making Sound Credit Decisions
Credit Expert with 30 Years of Experience Offers Tools and Techniques to Help You Navigate through Credit Information and Financial Data to Make Good Credit DecisionsThis webinar will provide guidance on how gather information, evaluate it, and make sound credit decisions on prospective clients and existing borrowers You will also learn the differences between unaudited and audited financials and how to use..
The Importance of Cash Flow and How to Forecast Cash Flow
Why is the Statement of Cash Flows so important and what will you learn from analyzing it. In this session, you will learn about the three parts of the Statement of Cash Flows and we will break each one down accordingly. You will understand that a company can show their sales increasing every year and also show they are making profits. However, if they cannot generate cash flow from their daily operations t..
The New Form W-4 and Other Payroll Updates for 2020
The IRS has released a new version of the Form W-4 for determining employee tax withholdings. This new form is required for use by any new hire after January 1, 2020, and for any current employee with an old W-4 on file but who wants to update their withholding in 2020 or beyond. Unless existing employees want to change their withholding, they can continue to keep their old-version Form W-4 on file. This me..