Accounting and Taxation
-80x90.jpg "How to Complete a GAAS Audit – An In-Depth Review of the Seven Facets")
How to Complete a GAAS Audit – An In-Depth Review of the Seven Facets
The intention of this course is to provide you with a refresher of the audit process from start to finish, providing an in-depth review of an audit’s seven (7) facets and any relevant updates to the standards. By the end of the course, you should have a general understanding of how a GAAS audit is conducted, what main components are required, the importance of risk assessment, and how to apply these policie..
How to Develop, Prepare, Analyze and Present an Outstanding Capital Expenditure Proposal
Join us to learn about the latest and most accurate methods for performing capital expenditure (CAPEX) analyses. Learn how to establish your hurdle rate (minimum acceptable rate of return) for your CAPEX projects and which metric most fairly represents the true expected rate of return on your projects. Receive our standardized CAPEX model for use in performing future analyses.Areas CoveredIdentify your true..
How to Read and Understand an Annual Report
How did your business perform last year? How did the competition do? What’s the trend in their key business data over the last two years? How can this information help you identify the key things you need to focus on in the upcoming year? Do you struggle with the language of business? How well do you understand terms like, Balance Sheet, Income Statement, P&L, Operations Statement, Cash Flow, MD&A, ..
How to Rebuild American Manufacturing
Ms.Nash-Hoff’s presentation will cover how new trends and technologies are contributing to rebuilding American manufacturing and what government policies and legislation have benefited rebuilding American Manufacturing. She will discuss how the trend of returning manufacturing to America (reshoring) is increasing manufacturing output in the U.S. and how the increased desire of consumers to buy Made in..
How to Write, Implement, and Maintain Your Credit Policy
Right or wrong, credit policy is the organization’s rule book for its credit risk management strategy, and it also reflects the organization’s credit culture. Both the market and the regulatory agencies expect the credit policy to be accurate, current, and succinct so that both line and credit have unambiguous and clear direction on how to identify, evaluate, underwrite, approve, book and monitor creditwort..
IRC 199A Refresher - What Opportunities Are Still Out There?
The Tax Cuts and Jobs Act of 2017 introduced a new provision, IRC 199A, which provides a 20% deduction to pass-through business owners on qualified business income. The deduction applies to a range of entities, including sole proprietorships, partnerships, LLCs, S corporations, and some trusts and estates.This course will provide a detailed explanation of IRC 199A, covering its complex rules and limitations..
LLC Classifications
This webinar will go in depth about everything you ever wanted to know about LLC classifications. We will first look at what being an LLC means and how the entity will file their tax returns. We will look at both foreign and domestic entities and how the check the box rules will vary based on if it is foreign or domestic. Lastly, we will look at the tax consequences of changing entity classifications.Areas ..
Nacha rule update: What to know for 2024
During this webinar, we will discuss the current environment, the recent enhancements to the ACH network, and the rules that have been created or amended from Nacha. Also, we will review recent changes to the ACH rules and discuss upcoming changes that might impact your organization or specifically, your role.Areas CoveredThe foundation of ACH and NachaUnderstand the rules created by Nacha in 2023 and prior..
Partnership Dispositions
This course will look at the basics of partnership distributions and abandonments. The course will first understand abandonments and the tax treatment of them. After, we will look at the basics of a partnership disposition. We will then shift our focus on more complex dispositions involving ordinary assets that fall under IRC 751(a) and (b) we will also cover the reporting required under 751(a) and (b) as w..
Putting the Quality In Audit Reports
How well you communicate that information is critical to getting management’s acceptance of your findings and their agreement with your recommendations. A well-written audit report adds value to your clients by providing information that is:AccurateObjectiveClearConciseConstructiveCompleteTimelyIn addition to audit reports, these elements can apply to all kinds of writings including:Executive summariesFraud..
Shareholder Basis
This webinar will look and the in's and out's of basis for S Corps and partnerships. Along with the importance of properly calculating basis. We will start with S Corps and determine how to calculate the basis in an S Corp interest, along with ordering elections for properly calculating basis. Then we will look into partnerships and after determining the difference between inside and outside basis, we will ..
So Your Client is Selling a Business - What Essentials Do You Need to Know?
This course focuses on the tax implications for individual and corporate clients who wish to sell their businesses. Participants will explore the various forms of business ownership and their respective tax implications, learn about tax planning strategies for different types of transactions, and gain a deep understanding of the tax impacts of asset, stock, and merger and acquisition transactions.The course..
Tax Treatment of Cannabis Retailers And Manufacturers
As the number of states grow that legalize the sale of cannabis, taxpayers engaged in the production of, and/or sales of cannabis products face challenging questions about the deductibility of the company’s business expenses. In this webinar, we introduce the underlying federal income tax treatment for retailers and manufacturers of cannabis products. Finally, we discuss the general reporting rules for dedu..
Taxation of Gambling Income
Gambling has become a major pastime in the United States. However, the taxation of the winnings and losses are a bit tricky and depends on the source of the gambling. Under current rules, gambling not only includes casino winnings, horse racing, and lotteries but also fantasy sports and on-line betting. Depending on whether the individual is a casual or professional gambler, the reporting requirements diffe..
Taxation of Gig Economy Income
In the United States, there are approximately 90 companies who are listed as gig businesses and many individuals who operate small businesses that are classified as gig companies. For individuals and small business owners who receive their income by means of third-party vendors, they will begin receiving 1099-K forms from these vendors when the overall annual payment is $600 or more (was $20,000 or more). T..