Professional Development and Event Catalog
Surgent's Fundamentals of Public Charity Taxation and Form 990
Wednesday, September 8th 1:00pm - 4:30pm
Online
4.00 Credits
Organization and structure of Form 990 Form 990 and its various schedules Form 990 filing requirements The public support tests Taxation of unrelated business income Compensation-related reporting issues Instructor Name: Mike Tucker, Ph.D., LL.M., J.D., CPA
Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees
Wednesday, September 8th 1:00pm - 3:00pm
Online
2.00 Credits
Outcomes of the recent FASB and IASB Joint Project related to Leases Differentiating between accounting and reporting requirements for operating and finance leases Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure Instructor Name: Richard Daisley, CPA
Surgent's Performing an Effective Audit Risk Assessment in the COVID-19 Environment
Wednesday, September 8th 1:30pm - 5:00pm
Online
4.00 Credits
Audit process and planning Setting materiality Assessing the risk of material misstatement and the design and implementation of internal controls Assessing the impact on the assessment of internal controls in a changing work environment Designing procedures to test the effectiveness of controls Designing procedures to perform substantive procedures Challenges in performing audit procedures in a virtual environment Performing and evaluating interim and year-end tests of control and substantive procedures Final audit procedures and wrap up Instructor Name: Marci Thomas, CPA
Surgent's Compilations, Reviews, and Preparations: Engagement Performance and Annual Update
Thursday, September 9th 9:00am - 5:00pm
Online
8.00 Credits
SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services SSARS No. 22, Compilation of Pro Forma Financial Information SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018 SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions Sample comprehensive engagement work programs for preparation, compilation and review engagements Reporting and disclosure illustrations for each level of service, including attesting on personal financial statements, prescribed form, special purpose framework and other engagement variations Other communication requirements, such as sample engagement letters and management representation letters Going concern reporting implications on SSARS engagements due to COVID-19 and other issues Instructor Name: Richard Daisley, CPA
Surgent's Construction Contractors: Accounting and Financial Reporting Issues
Thursday, September 9th 1:00pm - 4:30pm
Online
4.00 Credits
Overall landscape of the construction industry GAAP and recent changes affecting the construction industry The new Revenue Recognition Standard and its impact on the construction industry The unique relationship between the contractor and the surety The new lease FASB ASC and its impact on the construction industry Instructor Name: William Eskin, CPA
Surgent's Fiduciary Income Tax Returns - Form 1041 Workshop with Filled-in Forms
Thursday, September 9th 9:00am - 5:00pm
Online
8.00 Credits
Classifying receipts between “income” and “corpus” under the Uniform Principal and Income Act Calculation of DNI utilizing three different methods, a “forms” method (Schedule B), a “code” method, and a “shortcut” method, utilizing a worksheet of common income and expenses Proper W-2 preparation and procedures in the year of death Taxpayer passes before taking a required minimum distribution; what must be done? Forgetful fiduciaries of simple trusts Fluctuating trusts – Simple one year, complex the next Dividing income in the year of death Overview of Subchapter J Form preparation issues – Filing requirements and line-by-line explanations of Form 1041 Taxable income of estates and trusts and expense allocation issues Specific deductions and miscellaneous itemized deductions Income in respect of a decedent The income distribution deduction calculation Relation of principal and income law to DNI Understanding how to handle capital gains and losses Allocating tax items to beneficiaries: another K-1 Comprehensive DNI case study, with principal (cost and FMV) and income reconciliation Comprehensive trust and estate case studies, with filled-in forms Instructor Name: Lori Scarlat, CPA
Surgent's Stock vs. Asset Acquisitions of C Corporations
Thursday, September 9th 7:00pm - 9:00pm
Online
2.00 Credits
Advantages and disadvantages to buyer and seller of an asset acquisition and a stock acquisition Tax treatment of consulting agreements and covenants not to compete Sale of personal goodwill associated with an asset acquisition Tax consequences associated with a stock acquisition and an asset acquisition Acquisitive reorganizations Non-tax issues that must be considered when a corporation is acquired Instructor Name: Mike Tucker, Ph.D., LL.M., J.D., CPA
Surgent's Weekly Expert Hour
Thursday, September 9th 2:00pm - 3:00pm
Online
1.00 Credits
Each week’s topics will change based on the most critical issues affecting financial professionals Instructor Name: Mike Tucker, Ph.D., LL.M., J.D., CPA
The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent
Thursday, September 9th 9:00am - 5:00pm
Online
8.00 Credits
The CARES Act and FFCRA, including employer credits, SBA loans, and expanded leave programs New partnership tax basis capital account reporting requirements The SECURE Act, including IRA and RMD changes Impact of the Tax Cuts and Jobs Act on S corporations and partnership entities including coverage of Section 199A Partnership Audits Opportunity Zones Selected Practice and Reporting Issues: What’s new? A review of the key cases, rulings, and tax law changes affecting S corporations, partnerships, limited liability companies, and limited liability partnerships Choice of entity issues: Is the C corporation more of a viable choice after tax reform? Will it become preferred? Impact of the CARES Act on sections 163(j) and 461(l) Debts between entity and the investors Impact of the net investment income tax on the owners of pass-through entities Any late-breaking tax legislation Review of the most important business tax cases, revenue rulings, PLRs, etc. Instructor Name: Bob Lickwar, CPA
Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit
Friday, September 10th 9:00am - 5:00pm
Online
8.00 Credits
Refining key planning and general auditing considerations to the not-for-profit environment Characteristics of not-for-profit financial statements that require special attention The auditor’s consideration of fraud in auditing a not-for-profit entity Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give Auditing how a not-for-profit entity gets from natural expenses to functional expenses Auditing considerations and techniques related to net assets, compliance with tax laws and regulations, collections and split-interest agreements Considerations related to Yellow Book and single audits Instructor Name: Charlie Blanton, CPA
Surgent's Guide to Payroll Taxes and 1099 Issues
Friday, September 10th 1:30pm - 5:00pm
Online
4.00 Credits
Statutory employees, independent contractors, and possible changes to §530 relief Using SS-8 The CARES Act and employer responsibilities for Form 941 Payroll Tax Penalties -- Who is a responsible person? Forms W-2, 1099, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates Understanding payroll tax responsibilities in the gig economy Instructor Name: Debbie Phillips, M.S.T., CPA
Surgent's Guide to the Topic 606 Revenue Recognition Model for All CPAs
Friday, September 10th 1:00pm - 4:30pm
Online
4.00 Credits
Topic 606, Revenue from Contracts with Customers, including recently issued ASUs impacting Topic 606 The FASB’s new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance Presentation and disclosure requirements Accounting considerations related to COVID-19-driven changes to revenue recognition processes Lessons learned and best practices for improving business processes related to revenue recognition going forward Instructor Name: Richard Daisley, CPA
Surgent's New Depreciation Rules for Bonus and Section 179 Expensing
Friday, September 10th 1:00pm - 3:00pm
Online
2.00 Credits
Section 179 Bonus depreciation Listed property Depreciation rules for Qualified Improvement Property When maximizing depreciation expense might not be the optimal tax strategy Instructor Name: Mike Tucker, Ph.D., LL.M., J.D., CPA
Surgent's Section 199A: Schedule K-1 Reporting by Relevant Passthrough Entities
Friday, September 10th 9:00am - 12:30pm
Online
4.00 Credits
Latest guidance issued by the IRS, whether by way of regulations or administrative announcements Reporting requirements for all relevant passthrough entities Reporting for multiple activities within one entity Allocation of common items among multiple activities Section 199A Schedule K-1 reporting for tiered entities Calculation and reporting of qualified wages and the unadjusted basis immediately after acquisition of qualified property Allocation of §199A relevant amounts to beneficiaries of trusts using DNI How to handle separately stated items for which the status as Qualified Business Income is determined at the shareholder or partner level How ownership changes affect §199A reporting on Schedule K-1 Reporting publicly traded partnership income and REIT income to the partners or shareholders Reporting aggregated activities Allocating §199A amounts to partners when special allocations have been made by the partnership Instructor Name: Michael Frost, CPA
Surgent's Succession Planning for the Small Business Owner: Finding the Exit Ramp
Friday, September 10th 1:00pm - 4:30pm
Online
4.00 Credits
How to find unrelated buyers of a business Maintaining control of the business succession process Turning over the reins to family members: when to give up control Finding the right team to sell a business Options for selling a business to an unrelated party Options for selling a business to family members Options for selling a business to employees Overcoming the emotional attachment to a business Selling to family members for a life annuity Using family partnerships and trusts to transfer a business Instructor Name: Michael Frost, CPA
Surgent's Taking Advantage of Installment Sales and Like-Kind Exchanges
Friday, September 10th 9:00am - 12:30pm
Online
4.00 Credits
How does the IRC define an installment sale under §453? When can a taxpayer utilize the provisions of IRC §453? When should a taxpayer utilize the provisions of an installment sale and when should it be avoided? How does the issue of a “dealer” vs. a “non-dealer” impact the use of the installment sale method? Reporting an installment sale when related parties are involved Calculating an installment sale How has the Tax Cuts and Jobs Act impacted the use of the Installment Sale Method? What is a like-kind exchange as defined by IRC §1031? When can a taxpayer utilize the provisions of IRC §1031? What types of real property are eligible for like-kind exchange treatment and what types are not? What is “boot” and how does it impact the like-kind exchange deferral? Calculating a like-kind exchange including any taxable portion How has the Tax Cuts and Jobs Act impacted the use of like-kind exchanges? Recent changes to like-kind exchanges as the result of IRS final regulations Instructor Name: William Eskin, CPA
The Best Federal Tax Update Course by Surgent
Friday, September 10th 9:00am - 5:00pm
Online
8.00 Credits
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 number of taxpayers able to use the cash method of accounting Is the "Employee vs Independent Contractor" conundrum about to explode? Comprehensive coverage of §199A and its alteration of pass-through taxation and planning 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 Instructor Name: Bob Lickwar, CPA
Surgent's Ethical Considerations for the CPA
Saturday, September 11th 1:30pm - 5:00pm
Online
4.00 Credits
Examine the CPA's role in today's economy Compare similarities and differences between individual and business ethics Explore the link between ethics, integrity and scruples Discuss the basic attributes of ethics and professional conduct Review the history of the CPA profession and the CPA's requirement to adhere to ethics policies and codes of conduct Review the AICPA's Code of Professional Conduct and a CPA's responsibilities to the public, clients and colleagues Discuss the common rules and statutes faced daily in the CPA profession. Case studies may also be utilized to present potential ethical dilemmas CPAs may face during their careers Review CPA Independence violations by current legal case examples Instructor Name: Richard Daisley, CPA
Surgent's Individual and Financial-Planning Tax Camp
Saturday, September 11th 9:00am - 5:00pm
Online
8.00 Credits
The SECURE Act, including IRA and RMD changes Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change The CARES Act changes, including QIP technical correction and section 461(l) limitation Review of pertinent changes from tax reform Reading a tax return for developing client-specific tax strategies Will there be more changes in the individual tax laws? The net investment income tax: planning for compliance Family income-splitting strategies that need to be considered Income tax issues: impact on timing of other income Using Roth IRAs and Roth contribution programs to best advantage Conversions: do they still make sense? Taking distributions: matching timing to client requirements Qualified plan contributions to reduce current income and Social Security tax: implications for business owners and self-employed What to do about itemized deductions Trans-generational planning: conversions, income and gain-splitting HSAs Identifying tax opportunities: reviewing the prior-year return to develop a plan for the future Planning for middle-income taxpayers: financial planning for the young, the working, and those approaching or in retirement Instructor Name: Bob Lickwar, CPA
Surgent's Mastering Accounting for Income Taxes
Saturday, September 11th 9:00am - 12:30pm
Online
4.00 Credits
The sources of deferred tax assets and liabilities Calculating the deferred tax asset or liability Reporting income-tax expense and balance sheet items CARES Act accounting implications Defining, analyzing, and reporting uncertain tax positions Classification of deferred tax assets and liabilities Disclosure requirements Recent and proposed changes to the accounting and disclosure requirements for income taxes Instructor Name: Richard Daisley, CPA