CPE & Event Catalog

The theory behind the major issues and trends facing nonprofit entities today.

Designing, implementing and monitoring internal controls over reliable financial reporting.

Engagements for which written documentation is required or not required. Documentation for engagements. Importance of documentation. Basics for all engagements. Documentation definitions. Form, content and extent. Reviewing documentation. Documentation finalization, and more.

Introduction to Office Scripts. Recording your first script. Integration with Power Automate.

Conducting a tech stack assessment, including an inventory of current tools and applications. Identifying essential and redundant tools. Exploring cost-effective alternatives. Calculating your total cost of ownership.

The importance of going paperless. Key technologies that facilitate a paperless office. Advantages of going paperless. Examples of leading document management systems and processes.

Form 7203. Basis for pass-through entities.

Checks. P-cards. Electronic payments. ACH. Wire. Instant payments. Petty cash.

When the IRS can assert various penalties. Statutory exceptions to penalty assertion. IRM rules for penalty abatement. Circular 230 rules for contingent fee agreements and limitations on fees.

Planning for the surviving spouse.

Treasury regulations. Judicial authorities. Major reporters. Internal revenue code. Revenue rulings and revenue procedures. Tax research methodology. Searches.

Basics of trust taxation and types of trusts. Trust accounting income and distributable net income. Distribution rules and deductions. Key taxable items: interest, dividends, capital gains, rental income, pass-through income. Major deductions and limitations, including Section 67 and Form 706 issues. Tax calculations: exemptions, rates, NIIT, estimated tax. Topics such as grantor trusts, elections, and special rules.

Preparing and reviewing workpapers for higher quality audits.

The primary purpose of workpaper documentation, and minimum documentation requirements for workpaper preparers. Best practices for documenting complex and subjective procedures and conclusions, such as estimates, substantive analytic procedures, etc. that impact the nature and extent of audit documentation needed to support audit conclusions. Discussing the financial statement audit risk concept, including how proper application better ensures a higher quality audit. Tips for an efficient workpaper review process that complies with relevant standards. Understanding the quality management standards and guidance related to a CPA firm's responsibilities for its system of quality management. Explain the importance of establishing, applying, and monitoring quality control policies and procedures related to audit documentation.

Professional skepticism.

Timely insights into the most consequential federal tax developments emerging this year.

Plan conditions. IRC. Designated Roth accounts. Required Minimum Distributions (RMDs). RMDs from Qualified Plan. Lump sum distributions. Tax withholding on distributions. Rollover issues.

New features in QuickBooks Desktop and Online. Enhancing internal controls in QuickBooks-based environments. Improving financial and operational reporting when using QuickBooks and QuickBooks Online. Best practices for setting up companies.

Cite goals and action plans. Identify ways to design and discover your marketing mix for continuous business flow. List selling processes for stronger relationships & increased closing percentages. Identify sound marketing strategies.

Related Parties under IRC Section 267. Related Parties under IRC Section 707. Related Parties under IRC Section 1239.