Professional Development and Event Catalog

Advanced Audits of 401(k) Plans: Best Practices and Current Developments

Annual update of the changes affecting 401(k) plans  Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, etc.  Best practices for engagement planning, internal controls, risk assessment, and detailed testing  How to avoid common mistakes made while performing audit procedures  Plan mergers and acquisitions  Common audit reporting and disclosure issues  The new audit standard for employee benefit plans

The Best Individual Income Tax Update Course by Surgent

The SECURE Act, including IRA and RMD changes The CARES Act and FFCRA, including employer credits, SBA loans, and expanded leave programs Treatment of state and local taxes Virtual currency Opportunity Zones Education-related provisions Depreciation changes Rules on entertainment expenses, including meals Doubling of estate and gift tax exemption for a married couple Comprehensive coverage of tax reform, 199A and its alteration of pass-through taxation and planning Review of pertinent cases and rulings affecting taxpayers Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more The latest issues related to any other late-breaking tax law changes

FASB and AICPA Update (Livestream)

This program focuses on all things the accounting professional should be aware of including:  Accounting standard updates (ASUs)  FASB projects  Audit service issues  ARSC initiatives, preparation, compilation and review updates, and initiatives  AICPA activities and profession update

Income Tax Planning

Impact of Supreme Court's rejections of Defense of Marriage Act  New 0.9% and 3.8% Medicare taxes  Mutual fund tax strategies  All about Roth IRAs-including strategies for self-employed individuals and estate planners  The 100% gain exclusion for qualified small business stock  Personal residence transactions-including short sales and foreclosures  Reverse mortgages can save taxes on greatly appreciated residences  Converting personal residences into rentals: tax implications  Tax-saving ideas for self-employed clients-including ways to reduce SE and FICA taxes, strategies for husband-wife businesses, depreciation breaks and much more  Tax angles for vacation homes, timeshares, and co-ownership arrangements  Divorcing clients-tax angles are critically important  State-of-the-art tax planning for college expenses  Employer stock options: tax planning moves

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

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

LIVESTREAM - New and Young Professionals Leadership Conference

Compilation and Review Practice Guide (Livestream)

SSARS standards  Compilation performance requirements  Review performance requirements  Documentation for compilations and reviews  Special purpose frameworks financial statements  Legal liability concerns and issues  How to perform and document analytical procedures appropriately, including developing expectations  Independence and the AICPA Code of Professional Conduct  Non-attest services  Common issues raised in peer reviews

Advanced Auditing of HUD-Assisted Projects

HUD audit environment  Audit standards for audits of HUD-assisted projects  Fieldwork standards for audits of the HUD-assisted projects  Audits of HUD-regulated lenders  Reporting standards for audits of HUD-assisted projects  Annual financial statement requirements  Mortgagees

After the SECURE Act: Comparing and Contrasting Retirement Plans for Small - and Medium-Sized Businesses (Morning Session I)

Factors business owners should take into account when choosing a retirement plan in light of SECURE Act changes SIMPLE Plans Simplified Employee Pension Plans 401(k) plans Defined benefit plans Ensuring eligible employees are covered Employees' impact on choice of plan Ongoing compliance requirements Tax filing requirements Establishing a plan after the tax year end! Changes to Safe Harbor 401(k) plans Pooled Employer Plans!

IRS Tax Examinations and Hot Issues (Afternoon Session)

Criteria that the IRS uses to select returns for examination Worker classification determinations on who is an employee and who is an independent contractor S corporation officer's reasonable compensation issues Responsibilities to pay the employment taxes when the business defaults Tax-related identity theft procedures

Reducing a Business Owner Client's Exposure to Social Security and Self-Employment Taxes (Morning Session II)

Section 1402(a)(1) exclusions from the definition of self-employment income Application of the SE tax to members of limited liability companies Taking a self-employed owner's health insurance deductions against self-employment tax How using the S corporation and the MMLLC treated as a partnership can help reduce an individual's exposure to self-employment tax How hiring a spouse and/or child helps reduce self-employment tax Differentiating between income treated as self- employment income and income that is not self-employment income

Latest Developments in Nonprofit Accounting and Auditing

Implementing the new Yellow Book Developing issues related to performing single audits under the OMB's Uniform Guidance for Federal Awards Key AICPA developments affecting audits of nonprofits including SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Auditor Reporting Statements, and SAS 135, Omnibus Statement on Auditing Standards--2019 Prepare for the implementation of the new FASB ASU on grants, contracts, and contributions (i.e., ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made) Develop a deeper understanding of the effects that ASU No. 2016-02, Leases, will have on nonprofits

LIVESTREAM - Federal Tax Conference

Securing a Comfortable Retirement (Afternoon Session)

Retirement planning using variables such as desired lifestyle, travel plans, housing plans, medical needs, and family needs to customize a retirement plan unique to the client Using the residence and other real estate as retirement assets through equity and rent Using the small business as a retirement resource through creative retirement plans, non-qualified deferred compensation, and converting the value of the business through sales within the family or to an outside party An overview of portfolio management for retirees, including: sustainable portfolio withdrawal rates; balancing investments between income and equity, and taxable and nontaxable; and asset liquidation and distribution timing to minimize the tax impact of retirement distributions and maximize cash flow from retirement vehicles and Social Security Developing a three-legged retirement stool of employer retirement, savings, and Social Security, and timing the use of the legs of the stool to maximize after tax retirement benefits Analysis of the most current/important research on retirement planning and sustaining retirement income levels and lifestyles and the impact of the most recent tax laws, regulations, and rulings

Strategies for Maximizing Social Security Benefits (Morning Session II)

When is a person eligible to take Social Security benefits? Factors to consider when selecting an option for taking Social Security benefits Is there a best age to start taking Social Security benefits? How to maximize Social Security benefit payments for surviving spouses How can a divorced spouse collect Social Security benefits based on the work record of a former spouse? How minor children can collect Social Security benefits based on the work record of an older parent

What Tax Practitioners Need to Know About Medicare (Morning Session I)

Eligibility for Medicare How to apply for Medicare Introduction to Parts A, B, C, and D of Medicare Payments for Parts B and D of Medicare: the higher costs imposed on higher income beneficiaries Late enrollment penalties Medicare Advantage in lieu of original Medicare The Affordable Care Act's impact on Medicare Current and late breaking legislative and regulatory developments

Surgent's Federal Tax Camp (Livestream)

The SECURE Act, including RMD changes, the elimination of the stretch IRA, modification of the kiddie tax rules, and expansion of 529 plans and 401(k) retirement plans for part-time workers The CARES Act and FFCRA, including employer tax credits, SBA loans, and EFMLEA and EPSLA expanded leave programs The CARES Act changes to 163(j), 461(I), and NOL rules Bonus depreciation rules and expansion of 179 Expansion of taxpayers able to use the cash method of accounting Comprehensive coverage of 199A and its alteration of pass-through taxation and planning Is the "Employee vs Independent Contractor" conundrum about to explode? Crypto currency Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas The latest issues related to any other late-breaking tax law changes

IRS Disputes (Afternoon Session)

The assessment process  Audit selection, examination, and the appeals process  Installment agreements  Offers in compromise  Advising delinquent taxpayers  The IRS collection process for tax liens, levy, seizure, and sale  Bankruptcy and the effect on tax liabilities  Practice before the IRS  Business taxation  Tax liens levy seizure  Fund recovery penalty

Reviewing Individual Tax Returns: What Are You Missing? (Morning Session)

Common errors made involving the following tax forms:  Form 1040  Schedule A  Schedule B  Schedule C  Schedule D  Schedule E  Form 4562  Form 4797

K2's Advanced Excel - New