BEGIN:VCALENDAR VERSION:2.0 PRODID:-//South Carolina Association of CPAs - ECPv6.15.18//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:South Carolina Association of CPAs X-ORIGINAL-URL:https://sc.cpa X-WR-CALDESC:Events for South Carolina Association of CPAs REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/Detroit BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20240310T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20241103T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20250309T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20251102T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20260308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20261101T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231812Z LAST-MODIFIED:20250401T035824Z UID:10004744-1751284800-1751284800@sc.cpa SUMMARY:(SSAA174/25) Surgent's Audit Quality and Peer Review Update DESCRIPTION:Event Description\nWith the AICPA’s heightened focus on enhancing audit quality\, increased oversight of the peer review process and the auditor’s overall responsibility to provide high quality services\, the focus on compliance with professional standards has never been greater. Recent peer reviews have indicated that auditors are often failing to perform and/or document certain critical components of an audit such as the auditor’s assessment of risk and linking the results of the assessment to substantive procedures performed. In addition\, auditors are not adequately documenting their consideration of fraud\, expectations in analytical procedures and the appropriate level of work needed to understand an entity’s internal control. Now is time to revisit the way that auditors are performing and documenting the work performed to meet professional standards since nonconforming engagements can result in an auditor’s referral to the AICPA Ethics Committee. This course will focus on the most significant items resulting in deficiencies identified in the peer review process. We will also discuss the applicable audit standards\, documentation requirements and best practices. The objective of the course is to provide the insights necessary to help an auditor improve not just the quality of their work but also the perception of the accounting profession as a whole. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to improve engagement quality \nObjectives\nIdentify key elements of the AICPA’s Enhancing Audit Quality initiative Recognize key trends in recent peer review deficiencies noted Identify professional standards related to performing a risk assessment\, understanding and testing internal controls and linking these procedures to further audit consideration Implement best practices to help ensure overall engagement quality \nMajor Subjects\nAICPA’s Enhancing Audit Quality initiative Feedback from peer reviews\, including areas driving deficiencies in audit Elements of an effective risk assessment and how to link to audit procedures performed Understanding internal controls and making the decision whether or not to test them Best practices in documentation \nInstructions\nNone URL:https://sc.cpa/event/ssaa174-25-surgents-audit-quality-and-peer-review-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231614Z LAST-MODIFIED:20250401T035619Z UID:10004742-1751284800-1751284800@sc.cpa SUMMARY:(SSAA230/25) Surgent's IA Module 6 -- Internal Audit (IA) Fieldwork Fundamentals and Documentation Essentials DESCRIPTION:Event Description\nWhile risk assessment and planning lay the foundation for IA engagement programs\, it is the effective execution of the program that ultimately determines the success of the IA activity in serving and adding value to its stakeholders. The results of IA engagements are derived from the critical fieldwork processes initiated and completed by audit teams and the underlying documentation developed\, gathered\, and maintained in support thereof. Internal Auditors must possess sound technical\, analytical\, organizational\, and communication skills to effectively discharge their duties as key relied-upon assurance professionals for organizations. This course provides an in-depth conceptual and practical application bridge linking crucial fieldwork fundamentals with workpaper preparation and documentation essentials in promotion and development of these vital skill areas for IAs. \nDesigned For\nInternal audit (IA) professionals at all levels\, including consultants providing IA outsourcing\, co-sourcing and/or related services and external auditors providing IA services and/or who coordinate coverage with and place reliance on the work of IAs. \nObjectives\nClarify the major types and nature of IA fieldwork and the reliance expectations of stakeholders thereto Expand knowledge of core audit fieldwork concepts and practical application skills development Strengthen foundational IA technical\, analytical\, organizational\, and communication skills required on the job Apply effective workpaper preparation and self-review techniques Identify opportunities for enhancing workpaper/documentation effectiveness and efficiencies \nMajor Subjects\nFieldwork fundamentals\, including a discussion of the following: Types and nature of fieldwork Technical skills development Compliance testing of internal controls Substantive testing of accounts/balances IT/Cyber Security control reviews/testing Audit sampling fundamentals: Statistical/Non-Statistical Audit evidence and evidence gathering techniques Analytical/problem-solving skills development: Identification and analysis of control deficiencies/issues Time management\, organization\, and communication skills development Workpaper preparation and documentation basics\, including best practice techniques\, and workpaper self-review \nInstructions\nNone URL:https://sc.cpa/event/ssaa230-25-surgents-ia-module-6-internal-audit-ia-fieldwork-fundamentals-and-documentation-essentials/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231609Z LAST-MODIFIED:20250401T022229Z UID:10004741-1751284800-1751284800@sc.cpa SUMMARY:(SSTX126/25) Surgent's Key Partnership and S Corporation Tax Planning Strategies DESCRIPTION:Event Description\nMost of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax planning strategies for closely held business clients that will bring more revenue\, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market. \nDesigned For\nAll tax practitioners\, both those working in public accounting as well as those in private industry\, who are responsible for tax planning for their clients and/or companies \nObjectives\nUnderstand how the strategies and techniques in business-related tax planning are modified for pass-throughs Understand the special problems when transactions involve the business\, its investors\, and related businesses and individuals \nMajor Subjects\nTimely coverage of breaking tax legislation Tax consequences of retiring partners seeking liquidating distributions/redemptions and S corporation shareholders seeking the redemption of their shares At-risk and passive activity loss considerations Basis planning Related party transactions: making them work Income splitting and shifting with family can create considerable benefits Sale of ownership interest and NIIT considerations \nInstructions\nNone URL:https://sc.cpa/event/sstx126-25-surgents-key-partnership-and-s-corporation-tax-planning-strategies/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231522Z LAST-MODIFIED:20250401T040620Z UID:10004740-1751284800-1751284800@sc.cpa SUMMARY:(SSTX258/25) Surgent's Weekly Expert Hour (Original Air Date: 12/09/21) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format.Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series.Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\nBe well informed on current topics impacting taxes\, finance\, and industry \nMajor Subjects\nThe IRS issues guidance on the retroactive termination of the ERC Notice 2021-65 The IRS signals when limited liability company member income may be subject to self-employment tax HSAs DOL requires 401(k) and defined contribution plans to give participants lifetime income estimates \nInstructions\nNone URL:https://sc.cpa/event/sstx258-25-surgents-weekly-expert-hour-original-air-date-12-09-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231514Z LAST-MODIFIED:20250401T041114Z UID:10004739-1751284800-1751284800@sc.cpa SUMMARY:(SSTE126/25) Surgent's Power Query Series: Data Transformations DESCRIPTION:Event Description\nThis course teaches the user how to perform data transformations in Power Query\, using a hands-on approach. Power Query is an “ETL” tool that extracts\, transforms\, and loads data. This tool has a user-friendly interface that enables the Excel user to connect to data sets they previously did not have access to. It also enables powerful data transformations without requiring any coding and will save the Excel user time in performing their cleanup of data.This course is the fourth in a twelve-part series\, Power Query: Beginning Data Analytics for the Excel User. The series is designed so the Excel user can learn the functionality of Power Query and the many benefits of this powerful tool. Each 1-hour webcast has hands-on examples to enable the Excel user to experience the active learning of Power Query. \nDesigned For\nExcel users who want to develop data analytics skills \nObjectives\nUnderstand all transformations available in Power Query to turn messy data into a table format to enable data modeling Understand how to perform data transformations using a hands-on example \nMajor Subjects\nWorkflow of a data transformation\, including data cleaning\, data enrichment\, and data shaping How to perform data transformations Hands-on example: flattening a general ledger \nInstructions\nSave all data sets provided to a central location on your computer URL:https://sc.cpa/event/sste126-25-surgents-power-query-series-data-transformations/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231404Z LAST-MODIFIED:20250401T045924Z UID:10004738-1751284800-1751284800@sc.cpa SUMMARY:(SSAA131/25) Surgent's Accounting and Auditing Credit Losses Under ASC 326 DESCRIPTION:Event Description\nASC 326 significantly changes the accounting for credit losses. Given its pervasive scope\, virtually every company will need to at least assess the impact of the new ASC 326 guidance and potentially record a material adjustment to implement the new accounting guidance.In this module\, we will review the scope of ASC 326\, the key provisions of the accounting model and how entities can estimate credit losses for a variety of in-scope financial assets. As the CECL and other credit loss methodologies under ASC 326 represent accounting estimates\, the module will also review both the current and soon to be effective auditing guidance related to this often complex area. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.) \nDesigned For\nAccountants who have an intermediate level of audit experience \nObjectives\nIdentify key components of ASC 326 and the CECL model Recall the scope of ASC 326 Identify common models used to estimate credit losses Recall how to transition to ASC 326 Recall key presentation and disclosure requirements of ASC 326 Recall key approaches to auditing accounting estimates Identify the key provisions of SAS 143 \nMajor Subjects\nScope and overview of ASC 326 Applying ASC 326 and the CECL model Transitioning to ASC 326 Presentation and disclosure requirements of ASC 326 Auditing accounting estimates Key changes to auditing estimates due to the issuance of ASC 326 \nInstructions\nNone URL:https://sc.cpa/event/ssaa131-25-surgents-accounting-and-auditing-credit-losses-under-asc-326/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231309Z LAST-MODIFIED:20250401T045923Z UID:10004737-1751284800-1751284800@sc.cpa SUMMARY:(SSAA223/25) Surgent's Understanding the High-Stakes Mega Issues in A&A Today DESCRIPTION:Event Description\nWith so much of significance going on currently in the world of A&A today\, you need to be able to make sense of the key drivers of our profession. In this course\, we will review the key aspects of the events that are impacting practitioners and financial statement preparers alike.Specifically\, because technology is rapidly transforming our profession\, we’ll review current trend and risks related to technology. Next\, while many COVID-19 accounting considerations have passed\, the issue of going concern is likely to last for the next several accounting periods. We’ll review the disclosure and reporting issues related to this complex topic. With the private company implementation date for ASC 842 now here\, we’ll review the new lease accounting guidance. Then\, we’ll wrap up the course with a discussion of peer review findings and engagement quality initiatives. \nDesigned For\nPracticing CPAs and their staffs\, both in public accounting and business and industry – controllers\, accountants\, and other financial accounting personnel involved in financial statement preparation and review \nObjectives\nUnderstand and apply the FASB’s new revenue recognition standard\, Topic 606 Review the FASB’s new lease accounting guidance\, ASU No. 2016-02 Recall the relevant accounting guidance related to financial and non-financial asset impairment Identify the appropriate accounting model to account for the restructuring of debt and other borrowing agreements \nMajor Subjects\nAccounting and operational impacts of adopting Topic 606 Accounting and operational impacts of adopting ASU No. 2016-02 Impairment of both financial and non-financial assets Accounting for debt restructurings \nInstructions\nNone URL:https://sc.cpa/event/ssaa223-25-surgents-understanding-the-high-stakes-mega-issues-in-aa-today/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231307Z LAST-MODIFIED:20250401T045005Z UID:10004736-1751284800-1751284800@sc.cpa SUMMARY:(SSTX210/25) Surgent's Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs DESCRIPTION:Event Description\nWhen a purchaser buys an existing partner’s partnership interest or the interest of a member of a limited liability corporation (LLC) taxed as a partnership\, the amount paid becomes the basis for the purchaser’s partnership interest (outside basis). If the partnership’s assets have appreciated sufficiently\, the difference between the new partner’s inside and outside basis can be substantial. This disparity can deprive the new partner of depreciation deductions and inflate his or her share of the gain from subsequent property dispositions unless a Section 754 election is in effect. The Section 754 election can also apply when a partnership makes a distribution of property and the basis of the distributed property to the partnership and the basis the partner/distributee will take in the distributed property are not equal. In this case\, a partnership can recover basis it would otherwise lose if the 754 election were not in effect. \nDesigned For\nAny Accounting and Finance Professional who wishes to understand the tax rules and economic opportunities associated with having a partnership make a Section 754 election \nObjectives\nDetermine the amount of a Section 754 basis step-up Know how to allocate the basis step-up to the partnership’s assets Know how a partnership makes a Section 754 election and reports it to the IRS \nMajor Subjects\nHow and why a partnership makes a 754 election The effect of the 754 election when an interest in a partnership is sold or inherited How the 754 election applies when a partnership makes a distribution of property to one or more of its partners How to make the 754 basis adjustment \nInstructions\nNone URL:https://sc.cpa/event/sstx210-25-surgents-section-754-step-up-in-basis-understanding-the-tax-issues-for-partnerships-and-llcs/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231215Z LAST-MODIFIED:20250401T041411Z UID:10004735-1751284800-1751284800@sc.cpa SUMMARY:(SSAA220/25) Surgent's Goodwill Impairment Basics DESCRIPTION:Event Description\nThis course provides a basic overview of goodwill impairment testing. The accounting and reporting requirements related to goodwill are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 350-20. This course focuses on the subsequent measurement requirements including the accounting alternative allowed for certain eligible entities. This course also addresses briefly describes the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06. \nDesigned For\nAccounting professionals seeking an introduction to goodwill impairment testing and the related FASB requirements \nObjectives\nRecognize overall characteristics of goodwill impairment testing Differentiate between the qualitative and quantitative test of goodwill impairment Identify key characteristics of the accounting alternative for goodwill Recognize the key disclosure;requirements for goodwill and goodwill impairment losses \nMajor Subjects\nGoodwill impairment testing FASB accounting and reporting requirements related to goodwill ASC Topic 350-20 Goodwill disclosure requirements \nInstructions\nNone URL:https://sc.cpa/event/ssaa220-25-surgents-goodwill-impairment-basics/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231212Z LAST-MODIFIED:20250401T022446Z UID:10004734-1751284800-1751284800@sc.cpa SUMMARY:(SSTX299/25) Surgent's Weekly Expert Hour (Original Air Date: 8/13/20) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format.Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series.Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\nBe well informed on current topics impacting taxes\, finance\, and industry \nMajor Subjects\nSection 163(j); final regulations (as of 8/13/20) IRS Notice 2020-59 Revenue Procedure 2020-22 Revenue Procedure 2020-25 \nInstructions\nNone URL:https://sc.cpa/event/sstx299-25-surgents-weekly-expert-hour-original-air-date-8-13-20/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231112Z LAST-MODIFIED:20250401T045911Z UID:10004733-1751284800-1751284800@sc.cpa SUMMARY:(SSTX215/25) Surgent's How to Settle a Client's Estate DESCRIPTION:Event Description\nFederal estate and gift taxes currently affect few clients\, but there are many other issues involved in settling an estate or administering a trust. Clients who are beneficiaries of a trust or estate often turn to their financial advisors to understand the administrative process and its effect on their interests. This course enables the accountant to cut through the jargon to understand the legal concepts\, communicate a real-world explanation to clients\, and serve\, in some instances\, as an advisor to them. After taking this course\, practitioners will feel more confident to serve in a fiduciary capacity. Updated for developments relative to estate taxation. \nDesigned For\nAccounting and Financial Professionals who wish to assist in settlement of an estate\, regardless of size \nObjectives\nUnderstand how creditors’ claims impact a beneficiary’s claims Understand the key provisions in a will or trust Understand the duties of an executor or trustee in relation to beneficiaries and other third parties Identify trusts\, wills\, and other documents encountered\, & their uses Understand the stages of an estate administration including costs\, collections\, payment of debts/taxes\, distribution to beneficiaries Be aware of the duties a fiduciary and members of the estate planning team owe to creditors\, beneficiaries\, and the courts \nMajor Subjects\nIssues involved when settling an estate: marshaling of assets\, payment of creditors\, & distribution and accounting to beneficiaries Explaining the needs and limitations of durable powers of attorney\, health care directives\, and living wills Why a will is probated\, and on what grounds it may be challenged Comprehensive checklists on how to read a will\, duties of an executor and trustee\, and much more Identification and report of estate assets What to do and what not to do as a fiduciary\, executor\, or trustee: duty of care\, investment\, informing\, payment of debts and taxes\, & defending a will contest How executors and trustees interact with beneficiaries Elective shares\, and when a spouse might make that choice What a trustee needs to know about incompetents and minors Rights of creditors\, third parties\, and beneficiaries Key issues in transferring property to a trust and from a trust or estate to a beneficiary Identifying income\, estate\, and inheritance taxes Fiduciary accounting: principal and income concepts An introduction to drafting an account\, and why it is relevant Administration of revocable trusts Estate basis reporting \nInstructions\nNone URL:https://sc.cpa/event/sstx215-25-surgents-how-to-settle-a-clients-estate/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231110Z LAST-MODIFIED:20250401T041422Z UID:10004732-1751284800-1751284800@sc.cpa SUMMARY:(SSAA290/25) Surgent's Give Me a Little Credit: Understanding the Yellow Book CPE Requirements DESCRIPTION:Event Description\nAuditors who plan\, direct\, or perform engagement procedures or reporting on Yellow Book engagements are required to develop and maintain their professional competence by complying with the Yellow Book CPE requirements. This course is designed to help you understand and effectively apply these requirements. \nDesigned For\nYellow Book auditors \nObjectives\nObtain a thorough working knowledge of the Yellow Book CPE requirements Understand the thought process an auditor should use in complying with the Yellow Book CPE requirements \nMajor Subjects\nUnderstanding who is and is not subject to the 24-hour and 56-hour Yellow Book CPE requirements Evaluating whether certain topics and training qualify or do not qualify toward the 24-hour and 56-hour Yellow Book CPE requirements Recognizing how an audit team member’s role affects the Yellow Book CPE requirements that apply \nInstructions\nNone URL:https://sc.cpa/event/ssaa290-25-surgents-give-me-a-little-credit-understanding-the-yellow-book-cpe-requirements/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231016Z LAST-MODIFIED:20250401T042413Z UID:10004731-1751284800-1751284800@sc.cpa SUMMARY:(SSAA150/25) Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit DESCRIPTION:Event Description\nIt’s been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities. You cannot simply apply a standard commercial audit approach to the audit of a not-for-profit entity and expect a good fit. Skilled auditors will instead adjust the audit approach to fit the not-for-profit entity. This course is designed to help you do just. It will equip you with the superior skills needed to excel in auditing not-for-profit entities. The course materials utilize a highly illustrative and innovative format. Over 25 focused exercises are included to provide an enhanced working knowledge of auditing not-for-profit entities. \nDesigned For\nAuditors of not-for-profit entities \nObjectives\nIdentify what distinguishes not-for-profit auditing from commercial sector auditing Skillfully adjust the audit for the characteristics of a not-for-profit entity More effectively audit not-for-profit entities through superior knowledge of key issues \nMajor Subjects\nRefining 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 \nInstructions\nNone URL:https://sc.cpa/event/ssaa150-25-surgents-auditing-not-for-profit-entities-superior-skills-for-an-effective-and-efficient-audit/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T231013Z LAST-MODIFIED:20250401T034920Z UID:10004730-1751284800-1751284800@sc.cpa SUMMARY:(SSTX291/25) Surgent's Weekly Expert Hour (Original Air Date: 10/15/20) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format.Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series.Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\nBe well informed on current topics impacting taxes\, finance\, and industry \nMajor Subjects\nSBA Form 3508S Closing a sole proprietorship with one or more employees Applying for Social Security benefits: common “odd” cases Professional employer organizations (PEOs) \nInstructions\nNone URL:https://sc.cpa/event/sstx291-25-surgents-weekly-expert-hour-original-air-date-10-15-20/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230917Z LAST-MODIFIED:20250401T025113Z UID:10004729-1751284800-1751284800@sc.cpa SUMMARY:(SSTX242/25) Surgent's Taxation of the Mobile Workforce DESCRIPTION:Event Description\nToday’s workforce looks a lot different than it used to. With more people working from home and across state lines\, employers must examine withholding and unemployment laws in a new light. In this course\, we will examine tried and true rules in this area\, but also examine statutes that are still developing. Using real-life examples and discussion\, we will examine state laws on reciprocity and residency requirements. We will also look at what to do when state laws are silent or conflict on a particular issue\, so that you can keep your clients in compliance and be well-prepared for the questions that will come your way in these ever-changing times. \nDesigned For\nAccountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability \nObjectives\nRecall which states do not have an income tax. Determine when employer withholding obligations exist. Recognize how withholding obligations are affected by reciprocal agreements between states. Identify where employers are obligated to pay unemployment for employees. \nMajor Subjects\nWhat states do not have an income tax? What is the relevance to employers? Where does an employer have an obligation to withhold state taxes for an employee? At what point does an employee become a resident? Where is unemployment paid for an out of state employee? \nInstructions\nNone URL:https://sc.cpa/event/sstx242-25-surgents-taxation-of-the-mobile-workforce/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230907Z LAST-MODIFIED:20250401T034823Z UID:10004727-1751284800-1751284800@sc.cpa SUMMARY:(SSOT132/25) Surgent's Securing a Comfortable Retirement in the Age of Spending DESCRIPTION:Event Description\nThis course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals. \nDesigned For\nCPAs looking to advise clients on retirement planning\, and CPAs looking for effective strategies for their own retirement \nObjectives\nHelp clients determine retirement strategies for the desired retirement lifestyle Identify resources available for retirement Explain how budgeting can identify retirement resources Understand how to build the three-legged retirement stool: employer retirement\, savings\, and Social Security Understand the need for Plan B when the ideal retirement goal is not achievable Explain ways that clients can convert the equity in a home to retirement income Explain how the value of a small business can be converted to retirement income Explain survival possibilities and how first-to-die and last-to-die survival probabilities are used in retirement planning for married couples Understand timing regarding the use of taxable retirement funds and nontaxable funds\, and strategies to minimize income tax on Social Security Recognize the role of various investment types\, such as life insurance\, annuities\, mutual funds\, equity holdings\, and bonds in retirement planning Summarize key points of recent research on the sustainability of retirement income and maintenance of desired retirement lifestyles \nMajor Subjects\nRetirement 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 Overview of asset allocation\, portfolio management\, portfolio rebalancing\, and investment selection concepts\, before and after retirement The three-legged retirement stool of employer retirement\, savings\, and Social Security Planning with the new retirement provisions of SECURE Act 2.0 Distribution/asset liquidation planning Analysis of the most current/important research on retirement planning and sustaining retirement income levels \nInstructions\nNone URL:https://sc.cpa/event/ssot132-25-surgents-securing-a-comfortable-retirement-in-the-age-of-spending/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230907Z LAST-MODIFIED:20250401T034824Z UID:10004728-1751284800-1751284800@sc.cpa SUMMARY:(SSOT122/25) Surgent's Increase Success by Understanding People DESCRIPTION:Event Description\nAs finance professionals we often have dual responsibilities\, to use our technical skills and also to exercise our leadership skills to lead a department. But we are often not sufficiently trained in the second\, and sometimes most important\, skill set. This short program takes an in-depth look at a proven model designed to help us understand both ourselves and other people. In so doing\, we gain the skill to lead better\, handle problem employees and coworkers\, and significantly gain upward mobility within the organization. \nDesigned For\nCFOs\, controllers\, and finance professionals \nObjectives\nLearn how to better understand ourselves and why we act the way we do Understand others and their personalities See how to better correct an employee Know how to assign work for better results Understand better ways to get behavior change from employees Increase the productivity in your department \nMajor Subjects\nHow to analyze others through simple observation A proven model to understand and predict behavior Why assertiveness is neither good nor bad What behaviors to expect from different personality types Why do I act like I do? Correcting employee issues in a new and better way \nInstructions\nNone URL:https://sc.cpa/event/ssot122-25-surgents-increase-success-by-understanding-people/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230708Z LAST-MODIFIED:20250401T032920Z UID:10004726-1751284800-1751284800@sc.cpa SUMMARY:(SSAA238/25) Surgent's Lease Accounting: Exploring the New Standard DESCRIPTION:Event Description\nWith the effective date of Topic 842 now here\, now is the time to get your hands around the details of the FASB’s new leases standard. Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry\, this course provides a thorough overview of the FASB’s new lease accounting standard (ASU No. 2016-02) that was released in February 2016 and all subsequent changes that have been made to ASC 842. You will learn about the long-awaited lease accounting standard for lessors and lessees\, including transition accounting\, as well as recent updates to the new lease accounting guidance. Plenty of practical application illustrations are used\, including journal entries\, to help in understanding this complex area of accounting. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to be up-to-date on the FASB’s new lease accounting guidance \nObjectives\nBe familiar with the FASB’s new lease accounting standards and guidance \nMajor Subjects\nLeases (Topic 842) Overall lease accounting guidance Lessor Accounting 101 Lessee Accounting 101 Detailed review of accounting by lessees Sale and leaseback transactions Transition guidance Recently released ASUs impacting Topic 842 \nInstructions\nNone URL:https://sc.cpa/event/ssaa238-25-surgents-lease-accounting-exploring-the-new-standard/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230623Z LAST-MODIFIED:20250401T032807Z UID:10004724-1751284800-1751284800@sc.cpa SUMMARY:(SSTX271/25) Surgent's Weekly Expert Hour (Original Air Date: 6/24/21) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format. Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\nBe well informed on current topics impacting taxes\, finance\, and industry \nMajor Subjects\nWhat to do if you haven’t received your refund What the IRS does when it receives a tax return Tax planning and items that reduce AGI What you need to know about Medicare \nInstructions\nNone URL:https://sc.cpa/event/sstx271-25-surgents-weekly-expert-hour-original-air-date-6-24-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230620Z LAST-MODIFIED:20250401T032801Z UID:10004723-1751284800-1751284800@sc.cpa SUMMARY:(SSAA225/25) Surgent's IA Module 1: Gateway to Excellence in Internal Auditing: A Vital Introduction and Orientation to the Profession DESCRIPTION:Event Description\nThis program provides an essential and engaging introduction to the internal audit profession\, a primer on current\, major internal audit guidance / standards for staff level personnel\, and a value adding refresher and reinforcer for more seasoned personnel and management. Designed for internal audit professionals at all levels\, consultants providing internal audit outsourcing or co-sourcing services\, and external auditors (CPAs) who also provide such services and/ or place significant reliance on the work of internal auditors during the conduct of audit engagements. This course acts as a launching pad for Surgent’s comprehensive internal audit curriculum\, equipping participants with a critical internal audit reference foundation for ongoing growth! It is crucial for internal auditors to develop a balanced\, big picture AND detail-oriented understanding\, perspective\, and approach to their work. This session is instrumental in helping internal audit professionals do just that! \nDesigned For\nInternal audit professionals (in-house and out/co-sourced) at all levels \nObjectives\nGain appreciation of the Internal Audit profession and its history\, evolution and growth Clarify the Major Roles and Impact of The IIA for Internal Auditors\, Internal Audit Activities\, and the profession at large Develop foundational understanding of the IPPF for Internal Auditors Identify the critical value adding Mission of Internal Auditing and other select key governance elements that ultimately provide the framework for successful\, high quality internal audit activities Expand knowledge of essential Internal Audit professional guidance and standards \nMajor Subjects\nIntroduction to the Internal Audit Profession Institute of Internal Auditors (IIA) Overview International Professional Practices Framework (IPPF) The Vital Mission of Internal Auditing Essential Internal Audit Guidance / Standards Primer \nInstructions\nNone URL:https://sc.cpa/event/ssaa225-25-surgents-ia-module-1-gateway-to-excellence-in-internal-auditing-a-vital-introduction-and-orientation-to-the-profession/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230613Z LAST-MODIFIED:20250401T032747Z UID:10004722-1751284800-1751284800@sc.cpa SUMMARY:(SSTX169/25) Surgent's Schedules K-2 and K-3: Preparation of Forms DESCRIPTION:Event Description\nMany partnerships and S corporations are now required to complete the voluminous Schedules K-2 and K-3 to report foreign-related tax information. Updated for the 2023 tax year\, this course is an essential guide for tax preparers on how to tackle the preparation of these forms. Understanding and preparing these forms requires a basic knowledge of various international tax topics. The course includes a brief discussion of key international tax concepts\, a detailed walk-through of what information is required to be reported in different parts of the schedules\, and practical advice from the field. The course also includes three comprehensive case studies on how the form should be completed for operating\, real estate rental\, and investment partnerships. Please note: Surgent also offers a companion course\, “Schedules K-2 and K-3: Filing Requirements” (KFR2). \nDesigned For\nAny tax practitioner preparing or reviewing relevant partnership and S corporation tax returns for 2023 \nObjectives\nIdentify and understand what information is required to be reported on Schedules K-2 and K-3 \nMajor Subjects\nHow to read and complete Parts II and III for Foreign Tax Credit Practical tips on how to tackle Parts IV and IX for corporate partners How to correctly fill out Parts X and XIII for foreign partners Comprehensive examples for operating\, real estate rental\, and investment partnerships with filled-in sample forms \nInstructions\nNone URL:https://sc.cpa/event/sstx169-25-surgents-schedules-k-2-and-k-3-preparation-of-forms/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230610Z LAST-MODIFIED:20250401T032729Z UID:10004721-1751284800-1751284800@sc.cpa SUMMARY:(SSAA216/25) Surgent's Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses DESCRIPTION:Event Description\nA clear and concise set of proper financial statement disclosures can make or break an entity’s financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand\, especially for small and medium-sized businesses. Oftentimes financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading\, so these disclosures need to be well-written and follow applicable standards.This course will focus on key balance sheet and income statement disclosure as well as those relating to adoption of new accounting standards related to revenue (ASC 606) and leases (ASC 842)\, accounting policies\, changes in accounting estimates and errors\, subsequent events\, going concern\, and related party disclosures. The course will use illustrations\, examples based on private company financial statements disclosures\, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards. \nDesigned For\nCPAs and other accounting professionals in public practice and business and industry involved in preparing financial statement disclosures for small and medium-sized businesses \nObjectives\nUnderstand and apply the professional requirements and guidance for preparing financial statement disclosures for all entities\, including small and medium-sized businesses Identify balance sheet\, income statement\, and statement of cash flows presentation issues Review disclosure examples from all sized entities\, including small and medium-sized businesses Be familiar with developing disclosure issues\, such as those related to the adoption of new accounting pronouncements Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nFinancial statement disclosures for small and medium-sized businesses Balance sheet\, income statement\, and statement of cash flows presentation and disclosure issues Disclosure examples from all sized entities which you can use to base your disclosures on Developing disclosure issues\, including disclosures related to the adoption of Topic 606 \nInstructions\nNone URL:https://sc.cpa/event/ssaa216-25-surgents-financial-statement-disclosures-a-guide-for-small-and-medium-sized-businesses/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230513Z LAST-MODIFIED:20250401T032711Z UID:10004720-1751284800-1751284800@sc.cpa SUMMARY:(SSTX228/25) Surgent's Advanced Individual Income Tax Return Issues DESCRIPTION:Event Description\nMost Accounting and Financial Professionals have been preparing individual income tax returns for years\, and while many of the returns are easy\, there are always a number of issues that come up in busy season of which experienced practitioners wish they had more knowledge. This course is designed to explore the tough tax issues for experienced practitioners and help them provide better planning strategies and results for their higher income clients. \nDesigned For\nExperienced Accounting and Financial Professionals who want and need an in-depth knowledge of the most difficult individual-income-tax-return issues \nObjectives\nUnderstand the basics of Sect 199A Understand how to properly report advanced transactions in financial instruments and investments Understand the special problems and new issues for the current return Identify the causes of alternative minimum tax liability and what can be done to reduce or eliminate it \nMajor Subjects\nNew issues for the current year tax return and Sect 199A Installment sales: understanding the complicated issues Form 8582: Passive losses with carryovers; Complicated case with filled-in forms Puts\, calls\, straddling\, and unusual investments: Understanding the tax laws and reporting them correctly on the tax return Capital gain and loss issues: The problem with proper reporting of installment sales issues; capital gains and losses; when is a stock worthless; and much more… At-risk rules: What a return preparer really needs to know Passive loss issues: You cannot just trust your software. What to watch out for and the questions you need your clients to answer in order to do it right! Incentive and nonqualified stock options — Reporting; key strategies for planning; dealing with the alternative minimum tax Alternative minimum tax: Understanding it; planning strategies to avoid it; using the minimum tax credit; explaining it to a client Form 6251: Detailed calculation example \nInstructions\nNone URL:https://sc.cpa/event/sstx228-25-surgents-advanced-individual-income-tax-return-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230510Z LAST-MODIFIED:20250401T032708Z UID:10004719-1751284800-1751284800@sc.cpa SUMMARY:(SSMG134/25) Surgent's The Nimble Business: How to Thrive in a Rapidly Changing World DESCRIPTION:Event Description\nThe recent pandemic showed us one very important thing: the nimble business was in a far better position to change quickly and survive. Some organizations are nimbler\, but why? The reason is that they know that change will happen quickly\, and they specifically plan for that change. This program will take a look at planning and direct the participant into a planning system that is established to handle change more quickly. \nDesigned For\nCFOs\, controllers\, and finance professionals \nObjectives\nUnderstand why being nimble has to start with good planning Realize why traditional budgeting can kill change Recognize how good planning can cause people to accept and even love change Understand how to set your department and organization up for rapid change Reexamine traditional relationships to increase speed of change \nMajor Subjects\nOld and new style of planning The attitude and culture of being nimble Planning at the department level Planning and risk management Technology planning Reinventing the organization for speed \nInstructions\nNone URL:https://sc.cpa/event/ssmg134-25-surgents-the-nimble-business-how-to-thrive-in-a-rapidly-changing-world/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230508Z LAST-MODIFIED:20250401T032706Z UID:10004718-1751284800-1751284800@sc.cpa SUMMARY:(SSAA127/25) Surgent's Accounting Hot Topics DESCRIPTION:Event Description\nIn addition to being experts on the nuts and bolts of accounting and auditing\, experienced auditors must also be aware of the emerging trends in our industry\, as well as those complex topics with which we don’t need to deal on an everyday basis. In this session\, we’ll cover some of those emerging and challenging topics.First\, we’ll review technology hot trends and how they will likely impact your clients and how you will need to address them in your audit risk assessments and procedures. Next\, as the FASB continues to implement more opportunities to value assets and liabilities at their fair value\, we’ll review the accounting definition of fair value and how it’s determined. Lastly\, we’ll review two areas that use fair value concepts pervasively\, accounting for business combinations and asset impairment. With a sound understanding of the basic accounting concepts related to these complex topics\, auditors will be able to significantly enhance the level of services that they can provide to their clients. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 4.) \nDesigned For\nAccountants with several years in the auditing profession \nObjectives\nIdentify key technology trends and how they will be impacting the accounting profession Recall key provisions of ASC 820 related to fair value Identify key accounting considerations related to business combinations Identify accounting considerations related to asset impairment \nMajor Subjects\nTechnology trends and hot topics Fair value concepts Accounting for business combinations Asset impairment accounting \nInstructions\nNone URL:https://sc.cpa/event/ssaa127-25-surgents-accounting-hot-topics/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230412Z LAST-MODIFIED:20250401T032304Z UID:10004717-1751284800-1751284800@sc.cpa SUMMARY:(SSTX237/25) Surgent's Essential Depreciation and Expensing Update DESCRIPTION:Event Description\nThe “permanent” changes from the TCJA may stand like a lion in the pathway of change\, but Washington has its own definition of permanent. Inflation adjustments and technical corrections are included within this deep analysis of the complex maze of rules dealing with depreciation\, amortization\, and sale of property. This course contains many examples and cases to illustrate the most important points of which CPAs need to be aware. \nDesigned For\nCPAs in industry and public accounting who need a thorough grasp of this important area of tax law and want to maximize the possible tax savings for their clients \nObjectives\nFully understand two of the most commonly prepared tax forms Understand assets from acquisition to disposition Complete and discuss cases highlighting some of the practical issues tax preparers face \nMajor Subjects\nResolved technical glitches for qualified improvement property Detailed coverage of Sect 179 expense elections and Sect 168(k) bonus or additional first-year depreciation: how to maximize them\, definitions\, limitations\, qualified property\, etc. Sale of property and the depreciation recapture rules (Sect 1245\, Sect 1250\, unrecaptured Sect 1250 gain for real estate\, Sect 291 for corporations) MACRS depreciation – finding the proper method\, convention\, and recovery period Listed property and the current limitations Amortization of start-up\, organization\, and other expenditures AMT depreciation adjustments and how to avoid them Examples\, cases\, and rulings of depreciation and amortization issues and how they impact clients\, along with useful planning opportunities \nInstructions\nNone URL:https://sc.cpa/event/sstx237-25-surgents-essential-depreciation-and-expensing-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230410Z LAST-MODIFIED:20250401T033419Z UID:10004716-1751284800-1751284800@sc.cpa SUMMARY:(SSTX176/25) Surgent's Multistate Income Tax Issues DESCRIPTION:Event Description\nWith the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case\, the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets\, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in the area of nexus. Learn how nexus requirements have changed and where the state laws may be heading in the future. \nDesigned For\nAccountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability \nObjectives\nIdentify changes in state statutes\, regulations and case law Determine how the states will treat changes under the Tax Cuts and Jobs Act Recognize areas that may require additional attention for state tax planning purposes Recall areas that may be costly for employers or clients Recognize the who\, what\, when\, and where of nexus for income and sales tax \nMajor Subjects\nEmerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus Emerging compliance issues in the new sales tax economy Income Tax (and other forms of tax): Economic nexus (taxation without physical presence) Will states shift away from income tax and increase reliance on sales tax after Wayfair? Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid? When to consider voluntary compliance even though the laws do not dictate a sales tax responsibility \nInstructions\nNone URL:https://sc.cpa/event/sstx176-25-surgents-multistate-income-tax-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230306Z LAST-MODIFIED:20250401T044908Z UID:10004715-1751284800-1751284800@sc.cpa SUMMARY:(SSTX203/25) Surgent's Estate and Life Planning Issues for the Middle-Income Client DESCRIPTION:Event Description\nClients think that estate planning only applies to the very rich. In truth\, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all Accounting and Financial Professionals who work with middle-income clients and are looking for ways to provide additional quality services. Continually updated with the latest guidance. \nDesigned For\nAccounting and Financial Professionals who advise clients on estate tax planning \nObjectives\nUnderstand estate planning issues unrelated to federal tax planning Inventory the documents relevant to estate preservation Understand methods of providing for children and the spouse \nMajor Subjects\nChanges to the lifetime estate tax exemption in light of proposed regulations SECURE 2.0 updates More than 20 documents that should be reviewed that are neither a will nor trust Applicable rates\, and tactics that may be used to minimize them Reducing the impact of ancillary administration Provisions you need in a will When a trust is needed for children Durable powers of attorney\, for financial matters and for healthcare Realistic retirement goals Management of insurance: liability\, disability\, and life Dealing with marriage and divorce Titling assets effectively Developments relative to estate tax\, and the implications for planning \nInstructions\nNone URL:https://sc.cpa/event/sstx203-25-surgents-estate-and-life-planning-issues-for-the-middle-income-client/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230220Z LAST-MODIFIED:20250401T044919Z UID:10004714-1751284800-1751284800@sc.cpa SUMMARY:(SSTX102/25) Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms DESCRIPTION:Event Description\nThe objective of this course is to train new\, rusty\, or returning-to-practice staff with a hands-on\, pencil-pushing gold standard for preparing Form 1065. Common to advanced issues of partnerships are explored in the current course that can double as a quick and practical reference guide for tax treatment and tax preparation guidelines. Within each chapter\, we illustrate various parts and areas of interest when preparing a 1065\, including examples and corresponding tax forms. We bring it all together in the final two chapters with a comprehensive example that integrates and links all previous chapters. The course and instruction delivery are geared toward a basic understanding and progress to more complex issues via Surgent’s “Step-by-Step” preparation guide. \nDesigned For\nAll levels of staff and company controllers responsible for filing these forms \nObjectives\nLearn in detail about the preparation of Form 1065\, Schedules M-1\, K\, and K-1 Learn in detail about common business reporting Forms 4562 and 4797 Provide staff with the first stage of a graduated professional education program in servicing partnership and LLC clients \nMajor Subjects\nCoverage of the Inflation Reduction Act of 2022 Gain a thorough understanding of federal income tax laws for partnerships and LLCs\, from formation to tax return preparation issues Schedules K-2 and K-3 reporting requirements Who files Form 1065\, and who does not file Form 1065 Tax Basis Capital Account Reporting Requirements; Trade or Business income and expenses versus Separately Stated Items The importance of Schedule M-1 Partnership distributions — current or liquidating\, cash or property How to allocate recourse and nonrecourse debt Self-employment tax issues; court cases and trends in tax audits of earnings subject to self-employment taxes Complete coverage of any new legislation enacted before presentation Section 163(j) limitations Mastering two common tax forms\, Depreciation (4562) and Sale of Assets (4797) Final regulations on Section 168(k) Partnership reporting oddities Accurately preparing partnership returns and reconciling book income to taxable income The Centralized Audit Regime under the Bipartisan Budget Act of 2015 \nInstructions\nNone URL:https://sc.cpa/event/sstx102-25-surgents-form-1065-boot-camp-step-by-step-preparation-with-completed-forms/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T072101 CREATED:20250331T230216Z LAST-MODIFIED:20250401T045519Z UID:10004713-1751284800-1751284800@sc.cpa SUMMARY:(SSAA267/25) Surgent's Guide to the Topic 606 Revenue Recognition Model for All CPAs DESCRIPTION:Event Description\nWhile the effective date of Topic 606 has passed for companies\, there will always be a need for a comprehensive review of the accounting related to revenue recognition\, including recently issued changes to this guidance. Whether you are looking to improve your revenue recognition processes\, benchmark your financial statement disclosures against your peer group\, or assess the impact of changes to your revenue recognition processes due to COVID-19\, this course will provide you with the information you need to apply Topic 606 in this current environment.This course will review the basic Topic 606 five-step model and provide specific implementation guidance and examples. It will cover the presentation and disclosure requirements for Topic 606\, including the private company disclosure relief available under Topic 606\, and provide disclosure examples. Lastly\, the course will discuss best practices\, lessons learned\, and ways to improve the business process when recognizing revenue going forward.Even though implementing Topic 606 is behind us\, it is still possible to improve the processes that drive revenue recognition and this course will assist you in doing that. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to understand the FASB’s new revenue recognition guidance \nObjectives\nExplain the FASB’s new revenue recognition guidance found in Topic 606 Describe the FASB’s new five-step revenue recognition model Discuss the presentation and disclosure requirements in the new standard Utilize hands-on examples and illustrations to increase your overall understanding and application of the material View feedback from public entity implementation of Topic 606 Recall best practices and areas for improvement in the recognition of revenue \nMajor Subjects\nTopic 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 \nInstructions\nNone URL:https://sc.cpa/event/ssaa267-25-surgents-guide-to-the-topic-606-revenue-recognition-model-for-all-cpas/ CATEGORIES:Self-Study Video END:VEVENT END:VCALENDAR