CPE Catalog & Events

Showing 35 In-Person CPE Results

Examining the New Lease Accounting Standard: More Than Meets the Eye

Monday, September 20 8:30am - 12:00pm

Lincoln

4.00 Credits

ASU No. 2016-02, Leases (Topic 842) Overall lease accounting guidance Lessor Accounting 101 Lessee Accounting 101 Detailed review of accounting by lessees and lessors Sale and leaseback transactions Transition guidance Other operational issues Recently issued updates to the lease accounting guidance FASB guidance on accounting for COVID-19-related rent concessions Feedback from the public company adoption of Topic 842

Topic 606: Tackling the Year Two Post-Implementation Issues

Monday, September 20 1:00pm - 4:30pm

Lincoln

4.00 Credits

Common sources of SEC comments related to public adoption of Topic 606 Disclosure examples for both public and private companies Common errors in the application of the Topic 606 guidance Operational issues and changes identified in the Topic 606 implementation process and how best to address these

Focus on Engagement Quality: How to Avoid Deficiencies in Peer Reviews

Tuesday, September 21 8:30am - 4:30pm

Lincoln

8.00 Credits

AICPA's Enhancing Audit Quality initiative Feedback from peer reviews, including areas driving deficiencies in audit Elements of an effective risk assessment and how to link to audit procedures performed Understanding internal controls and making the decision whether or not to test them Issues related to compilations and reviews Issues related to employee benefit plans Issues related to Government Auditing Standards/Single Audits Best practices in documentation

S Corporation Preparation, Basis Calculations & Distributions - Form 1120S Schedule K & K-1 Analysis

Thursday, September 30 8:30am - 4:30pm

Omaha

8.00 Credits

Each attendee will receive the most comprehensive reference manual with numerous practice aids and real world examples and case studies. Topics include but are not limited to: Extensive review of the partnership tax laws with an emphasis on any new legislative changes (SECURE & CARES Act) Review the Form 1065 to learn how income statement items get reported on the partnership/LLC tax return (i.e. page 1 versus Schedule K) and flow-thru to the partner/members on Schedule K-1 Analyze the Schedule K-1 line-by-line and discuss where the items get reported on the individual’s Federal income tax return and how the items affect the partner/member’s outside basis Look at detailed Schedule K-1 information reporting to partners/members needed for the qualified business income (QBI) deduction, 3.8% net investment income tax and business interest expense limitations Formation issues including the mandatory allocation of the §704(c) pre-contribution gain or losses back to the contributing partner/member The purpose of tax and §704(b) book capital account Reporting recourse and non-recourse debt on the Schedule K-1 Tax ramifications and reporting of cash and non-cash distributions including disproportionate distributions of “hot assets” Overview of the §754 election for optional basis adjustments triggering §743 (transfer of interests) and §734 (distributions)

Partnership Preparation, Basis Calculations & Distributions - Form 1065 Schedule K & K-1 Analysis

Friday, October 1 8:30am - 4:30pm

Omaha

8.00 Credits

This class will review partnership tax law by looking at case studies addressing issues and problems at both the partnership and partner level. Each attendee will receive the most comprehensive reference manual with numerous practice aids and real-world examples and case studies. Topics include but are not limited to: Extensive review of the partnership tax laws with an emphasis on any new legislative changes (SECURE & CARES Act) including the 20% qualified business income (QBI) deduction, 3.8% net investment income tax and changes to the interest deduction, fringe benefits and entertainment expenses Overview of different forms of business entities including the check-the-box regulations Formation issues including the mandatory allocation of the §704(c) pre-contribution gain or losses back to the contributing partner/member Schedule K and K-1 – separately & non-separately stated income and expense items Substantial economic effect requirement to have special allocations to the partners/members Allocation of recourse & non-recourse debt on K-1s Guaranteed payment issues and tax treatment of fringe benefits Self-employment tax issues and pitfalls §754 optional basis adjustments and mandatory adjustments Tax treatment of distributions - cash versus non-cash & liquidating versus non-liquidating Overview of a partner/member’s outside basis and deductibility of losses

Ethical Considerations for CPAs

Monday, October 18 8:30am - 12:00pm

Ashland

4.00 Credits

The CPA's role in today's economy The similarities and differences between individual and business ethics The link between ethics, integrity and scruples The basic attributes of ethics and professional conduct The history of the CPA profession and the CPA's requirement to adhere to ethics policies and codes of conduct The AICPA's Code of Professional Conduct and a CPA's responsibility to the public, clients, and colleagues The common rules and statutes faced daily in the CPA profession. Case studies may also be utilized to present potential ethical dilemmas CPAs may face during their careers

Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses

Monday, October 18 1:00pm - 4:30pm

Ashland

4.00 Credits

Financial statement disclosures for small and medium-sized businesses Balance sheet, income statement, and statement of cash flows presentation and disclosure issues Disclosure examples from all sized entities which you can use to base your disclosures on Developing disclosure issues, including disclosures related to the adoption of Topic 606

Annual Accounting and Auditing Update

Tuesday, October 19 8:30am - 4:30pm

Ashland

8.00 Credits

Private company standard setting activities Recently issued FASB Accounting Standards Updates Leases -- Topic 842 Impairment -- Topic 326 Lessons learned from the adoption of Topic 606 Other items on the FASB's Technical Agenda Recently issued SASs and other AICPA and PCAOB activity SSARS No. 21, Clarification and Recodification and other recently issued and proposed SSARS Peer review and other audit quality issues Other important A&A practice matters

The Complete Guide to Payroll Taxes and 1099 Issues

Wednesday, October 20 8:30am - 4:30pm

Omaha

8.00 Credits

Payroll tax requirements for wages, including wages subject to the .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates Special issues -- Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding Statutory employees, independent contractors, and possible changes to 530 relief Penalties -- Who is a responsible person Expenses and gross-up calculations The CARES Act and employer responsibilities for Form 941 Pension issues and payroll taxes including SIMPLE plans, and 401(k) and pension distributions The Electronic Federal Tax Payment System (EFTPS) Forms I-9, W-9, W-2, 1099, SS-8, and Form 940 Understanding payroll tax responsibilities in the gig economy

Fiduciary Income Tax Returns - Form 1041 Workshop with Filled-in Forms

Thursday, October 21 8:30am - 4:30pm

Omaha

8.00 Credits

Classifying receipts between "income" and "corpus" under the Uniform Principal and Income Act Calculation of DNI utilizing three different methods, a "forms" method (Schedule B), a "code" method, and a "shortcut" method, utilizing a worksheet of common income and expenses Proper W-2 preparation and procedures in the year of death Taxpayer passes before taking a required minimum distribution; what must be done Forgetful fiduciaries of simple trusts Fluctuating trusts - Simple one year, complex the next Dividing income in the year of death Overview of Subchapter J Form preparation issues - Filing requirements and line-by-line explanations of Form 1041 Taxable income of estates and trusts and expense allocation issues Specific deductions and miscellaneous itemized deductions Income in respect of a decedent The income distribution deduction calculation Relation of principal and income law to DNI Understanding how to handle capital gains and losses Allocating tax items to beneficiaries: another K-1 Comprehensive DNI case study, with principal (cost and FMV) and income reconciliation Comprehensive trust and estate case studies, with filled-in forms

Hot IRS Tax Examination Issues for Individuals and Businesses

Monday, October 25 8:30am - 4:30pm

Ashland

8.00 Credits

Prepare now and protect yourself from new audit examinations from the Net Investment Income Tax Schedule C and cash basis audit issues -- the IRS has gotten very tough Vehicles, meals, and entertainment, and fringe benefit documentation Passive losses and passive income: in-depth understanding of hot IRS audit examination areas What the IRS is looking at in businesses with loss histories Selected industry-specific issues, including construction, retail, food, bars, etc. Business consultants Post-audit: the 30-day letter and the 90-day letter -- what they mean to the taxpayer

This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas

Tuesday, October 26 8:30am - 4:30pm

Ashland

8.00 Credits

The SECURE Act IRA and RMD changes, with a specific look at planning strategies in light of the elimination of the "stretch IRA" Other SECURE Act changes, including expanded 529 plans and 401(k) retirement accounts for part-time workers CARES Act retirement plan updates CARES Act changes to 461(l), 163(j) and NOLs A historical overview of virtual currency as well as increased IRS scrutiny on the tax implications of such transactions The best new income tax and estate-planning ideas, including items from tax reform Highlights of the Tax Cuts & Jobs Act including the 199A deduction The changing Social Security landscape: what it means for planning Creative charitable giving strategies Financial planning strategies Maximizing retirement plan benefits Using intentionally defective grantor trusts Miscellaneous tax-planning techniques that can add up to significant tax savings How to use the whole family for tax savings Life insurance Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

2021 Accounting & Auditing Update for the Real World

Monday, November 1 8:30am - 4:30pm

Ashland

8.00 Credits

2022 Preparation, Compilation & Review (SSARS) Update for the Local Firm

Tuesday, November 2 8:30am - 4:30pm

Ashland

8.00 Credits

New Guide to Deducting Travel, Meals and Entertainment

Monday, November 8 8:30am - 4:30pm

Omaha

4.00 Credits

Recent tax legislation, rules and developments impacting travel and meals expense reporting. Adequate accounting rules for reimbursements, including accountable plans, going paperless, reimbursement for non-deductible expenses. Reporting travel expenses: travel status, simplified per diem. "Directly related to" and associated with" tests. Facility vs. activity expenses. 9 exceptions to Section 274. Business meals: IRS Notice 2018-76. 2021 mileage and per diem rates.

Real Estate Tax Update

Monday, November 8 8:30am - 4:30pm

Omaha

4.00 Credits

Recent tax legislation, rules and developments impacting real estate owners and investors. Section 179 for qualified real property. Section 179 for non-residential roofs, HVAC fire protection and security systems. Section 163(j) interest expense limitation, including electing out and ADS depreciation. Introduction to opportunity zones.

Key Tax Issues Facing Business and Industry

Tuesday, November 9 8:30am - 4:30pm

Omaha

8.00 Credits

2020-21 update and review of key business tax issues, including COVID-19 relief legislation. New interest expense deduction. Business losses. New 21% corporate tax rate. New capitalization, expensing and depreciation rules. New travel and entertainment expense rules. Accounting methods - Cash vs. accrual, Inventory and Section 263A issues. Fringe benefits. Independent contractor vs. employee. Basics of identifying and classifying intangible assets. Latest legislative, judicial, and IRS developments.

Year-End Tax Planning in a COVID-19 World

Wednesday, November 10 8:30am - 4:30pm

Omaha

8.00 Credits

Discuss the most recent tax legislation, rulings and developments during 2020-21. Section 163(j) interest expense deduction. New 21% corporate tax rate. Medicare tax on high income wages and SE income. Tax provision and 2021 extensions. Timing income and deductions. Alternative minimum tax (AMT) issues. 3.8% net investment income tax. Rediscovering Section 1202 QSBS. Reconsidering choice of entity.

2021 Guide To Trusts, Estates, Gifts, And Income Tax Planning for Surviving Spouses, Heirs and Beneficiaries

Monday, November 15 8:30am - 4:30pm

Ashland

0.00 Credits

Part One – Trusts And Estates (200 Minutes) • Updating Estate Plans.• Post-Election Update.• Basis.• Serving As An Executor Or Trustee.• Estate Administration – Step By Step.• Gifts, Inheritances.• Income Tax Planning.• Trust And Estates – Form 1041 Insights.• IRC 67(g) Regulations. Part Two – Gifts, Estates, And Planning Insights (200 Minutes) • “S” Corporation Trusts.• Gift Tax Returns.• Post-Election Developments.• Estate Planning Update.• Elder Law And Elder Care – Selected Considerations.• Portability.• IRAs – Estate Planning – Selected Developments.

Larry Stein's 2021 Guide To Giving Your 60+ Client A Planning Checkup

Tuesday, November 16 8:30am - 4:30pm

Ashland

0.00 Credits

Part One – 60+ Clients (200 Minutes) • The Family Home.• Form 1040-SR.• Homesale Exclusion.• Social Security Income Inclusion; Social Security Update.• Medical Deductions; Medicare Update.• Long-Term Care.• Retirement Planning Update. Part Two – 60+ Clients (200 Minutes) • The “Love Letter” To Your Family.• Estate Planning Update.• Form 1041 Tax Compliance.• Gift Tax Compliance.• IRAs And 401(K)s After SECURE Act And CARES Act.• Selected Life Insurance Tax Issues.• Basis.• Succession Tax Issues.