Accounting and Taxation
Hot Issues in Multi-State and Internet Sales Tax
Gain valuable insight into the complex issues of interstate sales and the obligations of out-of-state (foreign) sellers to collect the destination state’s taxes.Get up-to-date information about the retailing giants and their fights with the various states. Take a ring-side seat with an expert who will share the anticipated outcomes.Areas CoveredIn just ninety minutes you will gain the following insights:Wha..
How To Analyze Financial Statements
How did your business unit perform last year? What’s the trend in your key business segments over the last three to five 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, Top Line Growth, Gross Margin, Gross Profit, Return on Capital, Liquidity, Financial Leverage, ..
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..
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 ..
Management Accounting and the Cost of Quality
Managing quality is an imperative for any organization to remain competitive. Measurements of quality are essential, however supplementing that information with financial information further adds to success in managing quality.Ultimately the language of money is what executives and managers rely on to make better decisions.Unfortunately, most financial reporting neglects to report quality information such a..
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..
New Form 1099 Reporting Requirements: 2024 Compliance Update
1099s report payments made to non-employee service providers, as well as payments to suppliers and other entities you do business with. Think of your own organization: Can you name all the types of service providers you use? Do you know which payments are reportable on 1099s, and the minimum amounts you must pay before they are reportable? There is a new 1099-k threshold for tax year 2023 that was slated fo..
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..
Predictive Accounting: Driver-Based Budgeting and Rolling Financial Forecasts
This presentation involves the shift from historical reporting to predictive costing such as capacity-sensitive driver-based rolling financial forecasts, what-if analysis, marginal cost analysis (e.g pricing), and target costing for new products and services.The annual budgeting process is being criticized as obsolete soon after it is published, prone to gamesmanship, cumbersome to consolidate cost center s..
Property Transaction Taxation
This session highlights the current tax rules associated with capital gains and losses because of the change in the COLA calculation from CPE-U to C-CPI-U. In addition, we look at the basis determinations resulting from the different ways to acquire property for business or personal use. Gifts, for example, received by an individual result in some challenges when determining a person’s gains or losses, whic..
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 ..
Start a Forensic Accounting Practice with Confidence
The need for a forensic accountant has grown in the last two decades, with more expected in the future. From oil well spills to divorces - from stealing trust funds to partnership disputes - forensic accountants are needed to find and calculate losses. They are financial detectives that are needed to explain the money story to attorneys, judges, and juries.If you are interested in starting a forensic accoun..
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 deduc..
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..