Accounting and Taxation
False Claims Act (or Whistleblower Act) and Hospital Fraud
A whistleblower or qui tam action can provide financial rewards to individuals who provide information that a company, hospital, or individual has defrauded the government. The primary statutes under which this relief may be sought are the federal and state False Claims Acts (“FCAs”). State and federal governments pay hundreds of billions of dollars each year for pharmaceutical drugs, medical devices, hospi..
FIRPTA Tax Planning and Compliance After Tax Reform
This program will provide the participant with the U.S. federal income, estate, and gift tax implications and planning techniques to properly advise their foreign investor clients on how to best structure their U.S. real property investments under the new tax rules of the Tax Cuts and Jobs Act.Advising foreign real property investors requires tax and other professionals involved with foreign real property i..
Form 1099 Compliance Changes for 2020
The IRS has introduced a new “old” form for 2020 — the Form 1099-NEC. This form was used years ago to report contract labor, but was retired after the 1982 tax season. It is now being brought back for 2020 and is where contract labor payments will now go. No longer will those payments be reported in box 7 of the 1099-MISC. This webinar will cover: who needs to file a 1099-MISC or 1099-NEC; what payments are..
Global Cash Flow : How to Calculate and Use GCF to Determine a Borrower’s Ability to Repay
The webinar will explain how to, first, determine the cash flow from the borrowing entity available to repay debt, and, second, incorporate the available cash flow from guarantor individuals and entities. Analysis of these various cash flows means quantifying existing and proposed debt and adjusting cash flows for living expenses and other costs. Speaker will use case studies, slides, problem-solving skills..
Google Sheets for Accountants
This course provides a concise overview of Google Sheets, a cloud-based spreadsheet application by Google. Similar to Excel, the tool allows users to enter numbers, apply formulas, prepare graphs, create charts, use pivot tables and more. While Excel is the default tool and industry standard for most accountants, Sheets has many underrated capabilities which are clearly superior to Excel. These include onli..
How Effective is Your Foreign Corrupt Practices Act (FCPA) Program?
As FCPA enforcement has gone through the roof in recent years - along with the fines for noncompliance - many companies have made FCPA compliance a priority. But when an employee or third party steps out of line, the first thing regulators will look for is the effectiveness of the compliance program.When it comes to managing and monitoring bribery malpractices, performing data analysis and internal controls..
How to Analyze the Income Statement
Many people may have financial statements in front of them but they do not know what they should be looking for. The Financial Statements can be seen as a Maze as there is so much information and people do not know where to start looking first. This live webinar will show people where they can find the income statement information they need and then depending on their needs (Are they looking to invest in th..
How to Detect and Prevent Employee Fraud
Employee fraud has become a serious and persistent cause of financial losses and reputational damage to organizations of all kinds... More and more employees are committing crimes such as embezzlement, check fraud, falsification of financial statements, collusion with corrupt vendors, and, most recently with Volkswagen, fraudulent manipulation of product specifications. Making matters worse, computer and In..
How to Project Cash Flow to Evaluate Borrower’s Ability to Repay Long-term Loans
One of the most basic analytical and underwriting tools a banker must have is the ability to determine whether a borrower can repay its loans based on the financial information available. Financial organizations extend credit to borrowers when the borrowers show the ability to repay the loans extended. Ideally, a request for a five-year loan should be supported by a 5-year cash flow projection. Learn key as..
IFRS Converting Your Cash Flow Statement
One step in switching over to IFRS is to convert your cash flow statement. In this presentation, we will work through the entire cash flow statement. We will review in detail exactly what changes will need to be made to comply with these rules. This session will enable you to successfully convert your cash flow statement.Areas Covered How net income will changeNon-cash items that affect t..
Implementing the New Lease Accounting Standards
In this webinar, you will learn practical tips for complying with the new guidelines for this complex area of accounting and reporting. Upon course completion, you will be able to analyze typical transactions to recognize their lease characteristics and account for and report them in compliance with the new rules.Since FAS #13 was released in November of 1976, lease accounting has been very stable in the US..
Independent Contractor vs Employee: How to Tell the Difference and Why It's Important
At the conclusion of the webinar, participants will be able to explain the difference between a contractor and an employee, and why it is important to know the difference. We will discuss what happens if the IRS re-classifies a contractor as an employee, and the possible relief available (called “Section 530” relief). We will also discuss the new Form 1099-NEC for reporting contract-labor pay. We will cover..
Introduction to Sales and Use Tax Compliance
Sales tax? Use tax? What’s the difference? Must I charge tax on my internet sales? Will I owe taxes in more than one state for the same sale? Why is my drop shipper charging me tax? Why did I receive a NEXUS Questionnaire and what if I don’t respond to it? I just received a notice that I have to conduct a self-audit and report my findings to the state – is this for real? I need help!Areas CoveredLearn the d..
Introduction to Sales and Use Taxation
Sales tax? Use tax? What’s the difference? Must I charge tax on my internet sales? Will I owe taxes in more than one state for the same sale? Why is my drop shipper charging me tax? Why did I receive a NEXUS Questionnaire and what if I don’t respond to it? I just received a notice that I have to conduct a self-audit and report my findings to the state – is this for real? I need help!Over 40% of state budget..
Keys to Implementing The CECL Accounting Standard
In this webinar, will discuss the following topics:Overview of the CECL calculation under three widely recognized methods: o Vintage o The probability of Default / Severity of Loss o Migration AnalysisHow will the accounting change for classified loans considered impaired under FAS #114 or for troubled debt restructured loans?What data is needed to implement CECL? How is this data gat..