Proper Financial Accounting for Tax Driven Entities

Overview

Although they are the most common entities for small and mid-sized business, financial (book) accounting for partnerships, LLCs and S Corporations is rarely discussed.  This course examines the proper financial accounting for these tax driven entities.

Highlights

• Partnership capital contributions
• GAAP partner capital accounts: Bonus vs. Goodwill Method
• Disclosures
• S Corporation Contributions to Capital
• Loans to and from S shareholders
• Deferred Tax Accounting for S corporations
• Discuss planning and pitfalls

Prerequisites

Basic working knowledge of business taxation.

Designed For

CPAs in public practice and members in industry seeking a better understanding of financial accounting for partnerships, S corporations and LLCs.

Objectives

• Apply financial accounting concepts to partnerships, S corporations and LLCs.
• Define and discuss planning tools and potential pitfalss.

Preparation

None

Notice

• This event is paperless unless you elect to pay for printed materials.
• All materials will be available to download in advance and participants will receive an email two days prior to the course date.
• Materials will also be posted in the "My CPE" section of the NESCPA website.
• Parking and lunch are provided on-site