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 ..
Cannabis Tax and Accounting Rules
What will be covered includes:Internal Revenue Code (IRC) Section 280E, the most important section in preparing tax returns for the legal cannabis industryHow do you make the necessary allocations to your accounting system for IRC 280E, IRC 263A, and IRC 471?The implications of Chief Counsel Memorandum 2015-4011The differences in legal cannabis industry tax returns as they relate to audits, collections, app..
The W2c and 941x- 2024-2025 updates on How to Correct Your W2s and 941s Properly
W2c and W3c: General Guidelines W2c- When to file and formatCommon problems with W2s and W2cs New for 2024-2025: Electronic filing requirements and moreGeneral Instructions for W2c and W3c – Purpose and FormatSpecific instructions for W2c - Corrections - Backpay - Employee recommendations and information - Other corrections - Filing and Format - Box by box instructionsSpecific..
How to Use Financial Ratios in Credit Analysis
Ratio analysis helps lenders and analysts determine a borrower’s operating performance (profitability and productivity) and financial condition (liquidity, leverage, solvency) by rendering the financial statements into ratios. This webinar focuses on well-known and reliable ratios to assist in identifying financial trends and evaluating the analytical strengths and weaknesses of borrowers.Areas Covere..
Reducing Your Marginal Income Tax Brackets Through Strategic Investments and Tax Planning
Objective: Equip participants with strategies to minimize taxable income and optimize financial outcomes.Subtopics:Understanding Marginal Tax Brackets and the Taxation SystemProper Use of Tax-Advantaged Accounts: 401(k), IRA, HSA, and Self-Employed Pension Plans (SEP IRA)Strategic Investments: Tax-Free Income, Real Estate, and Tax-Loss Harvesting. The case for vacation rentals. Investments in Oil and G..
Incorporating Fraud Detection into Every Audit
As internal auditors, we are tasked with providing assurance on the effectiveness of an organization's controls and identifying risks that could affect its operations. One of the most significant risks we face is fraud, which can occur at any level of the organization and can have devastating consequences. However, despite the importance of fraud detection, many auditors overlook obvious red flags or fail t..
Future Fit Finance: Scenario Planning for the Next Disruption
In an era defined by accelerating change and unprecedented complexity, the traditional finance function is undergoing a profound transformation. Finance professionals who once primarily focused on backward-looking reporting and near-term forecasting are now expected to navigate uncharted waters, providing strategic guidance amid multiple intersecting disruptions. The convergence of technological revolutions..
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..