CPE & Event Catalog

What do buyers really want? Steps to take so your business will be attractive to buyers. The process to prepare for a sale.

Forms 5500, 5500SF and 5500EZ. Form 5500: nuances and schedules. Reporting and disclosing compliance issues. Reporting delinquent contributions. Failure to file.

Audit requirements. Audit procedures. Requirements under HUD Consolidated Audit Guide and the Uniform Guidance.

Retirement: accumulation and decumulation techniques, Social Security, Medicare and long-term care. Debt management, including reverse mortgages and education financing. Insurance and investments from a life-planning perspective. Income tax legislation, cases, and rulings. Estate and trust planning strategies.

An emphasis on newly enacted tax legislation affecting IRAs, including the NEW final required minimum distribution (RMD) regulations. Contribution limits to and tax treatment of distributions from Traditional, Roth, SEP and SIMPLE IRAs. Deductible phase-out limits for Traditional IRA contributions for taxpayers who are active participants in qualified retirement plans. Roth IRA contribution phase-out limits, as well as tax-free qualified distributions. Planning opportunities for conversions to ROTH IRAs Rollover rules to/from different retirement accounts and the one-rollover-per-year limitation. The different options of receiving IRA distributions before age 59 « and avoiding the 10% early distribution penalty (including substantially equal periodic payments). The required minimum distribution (RMD) rules from IRAs needed to avoid the 50% penalty after the account owner turns age 72 or dies. The tax ramifications of spouse and non-spouse beneficiaries and how this affects the RMD calculation after the account owner s death. Overview of health savings account (HSA) eligibility rules, contribution limits and distribution rules.

FASB ASC 842, Leases. All recently released updates to ASC 842, Leases.

Allocation of partnership and LLC income under IRC Section 704(b). Allocations with respect to contributed property - Section 704(c)(1)(A). Allocation of partnership recourse liabilities under Section 752. Allocation of partnership nonrecourse liabilities and related deductions under Sections 752 and 704(b). Advanced distribution rules. Adjustments to the basis of partnership or LLC assets. Sale of an interest in a partnership or LLC. "Hot" assets and Section 751 (a). Section 754 elections; Sections 734(b) and 743(b) adjustments - Section 708 technical termination.

The benefits and pitfalls of remote employees. How to maximize the value provided by distance workers. Policies, procedures, and control measures designed for a more geographically dispersed workforce.

Utilizing ChatGPT for IRS tax law research: principles and practices. Navigating IRS databases using advanced ai techniques. Using IRS prompt templates: in-depth analysis and application. ChatGPT in action: case studies and real-world scenarios. Exploring IRS tax laws: strategies, loopholes, and compliance. Error prevention and correction in tax law research. Future trends: AI's evolving role in taxation and accounting.

Action steps in 706 preparation engagement. Filing requirements, new forms, IRS return review procedures, closing letters. Obtaining transcripts and previously filed returns. Completing introductory pages 1-4.

The interplay of the estate, gift, generation-skipping, and income taxes. Claiming and protecting the portable exclusion. Marital deduction planning: rules for and reasons to use Survivor s and QTIP trusts B (Bypass) trusts. A (Survivor s)/ C (QTIP) trusts planning What planners should tell their wealthy clients after the issuance of the Clawback Regulations.

Financial entity. IRS filing status. Recent ASC updates affecting nonprofits. Inflows and Outflows. QuickBooks Desktop. Setup. Data entry. Reporting. Governance policies and budgeting.

Preparation. Compilations. Reviews.

FASB Accounting Standards Codification disclosure requirements. An overview of the disclosure landscape. How materiality enters into disclosure decisions. Navigating the FASB Codification.

What is bank fraud? What is wire fraud? Role of financial service professionals in combating tax evasion and white-collar crime. Red flags indicating of white-collar crimes. Importance of knowing customers. Criminal justice proceedings. Relationship between victim impact and sentencing. Relationship between loss amounts and sentencing.

Action steps in 706 preparation engagement. Filing requirements, new forms, IRS return review procedures, closing letters. Obtaining transcripts and previously filed returns. Completing introductory pages 1-4.

Introduction to GPT Vision - Understanding the fundamentals of GPT Vision and its capabilities. Advantages of Vision Mode Research - Exploring the unique benefits of visual data analysis over traditional methods. Accessing GPT Vision - Guidance on how to access and utilize GPT Vision capabilities. Financial Screenshot Analysis - Techniques for analyzing financial documents and reports through screenshots. Operational Insights from Visual Data - Using images to gain insights into operational processes and asset management. Integration with Google Maps - Learning how to combine ChatGPT's vision capabilities with mapping technologies for enhanced spatial analysis. DDPP Analysis - Applying descriptive, diagnostic, predictive, and prescriptive analysis to visual data. Sentiment and Facial Expression Analysis - Techniques for interpreting emotions and sentiments in images to gauge client and employee feedback. Body Language Interpretation - Analyzing body language in images to understand non-verbal cues in business contexts. Effective Photo Capturing Techniques - Best practices for taking photos that provide optimal insights for financial analysis.

Legislative changes affecting individual tax planning. Income, deduction, and credit planning strategies. Form 1040 issues: divorce, death of a taxpayer, and status updates. Compensation, fringe benefits, and Social Security updates. Foreign reporting, resident alien, and cryptocurrency tax matters. Capital gains, Kiddie Tax, and related deductions.

Auditing.

FASB codification provisions for transactions with related parties, including business owners and special purpose entities. Compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities. Reviews the tax accounting related taxpayer standards. Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards.