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:20260404T155219 CREATED:20250331T211314Z LAST-MODIFIED:20250401T040214Z UID:10004449-1751284800-1751284800@sc.cpa SUMMARY:(SSAA162/25) Surgent's A Complete Guide to the Yellow Book DESCRIPTION:Event Description\nIf you work with governments and not-for-profits\, a thorough understanding of the Yellow Book is essential. This course will equip you with a comprehensive knowledge of the Yellow Book requirements and increase your confidence and proficiency in performing Yellow Book audits. The course materials utilize a highly illustrative and innovative format including over 20 focused exercises on key practice issues. \nDesigned For\nAuditors performing Yellow Book engagements \nObjectives\nThoroughly understand the requirements of the Yellow Book and how they relate to the AICPA and single audit requirements Excel in the Yellow Book auditing arena Save time and stress on Yellow Book engagements via in-depth knowledge of the requirements \nMajor Subjects\nWhen is the auditor required to follow the Yellow Book (aka Government Auditing Standards or GAGAS)? How the Yellow Book requirements relate to generally accepted auditing standards and the single audit requirements The different types of Yellow Book audit and attestation engagements that auditors may be called upon to perform The Yellow Book standards related to the qualifications of the auditor (i.e.\, requirements related to independence\, CPE\, peer review\, and more) The Yellow Book requirements related to the performance of and reporting on a financial audit The Yellow Book requirements related to attestation engagements (i.e.\, examinations\, reviews\, and agreed-upon procedures engagements) and performance audits \nInstructions\nNone URL:https://sc.cpa/event/ssaa162-25-surgents-a-complete-guide-to-the-yellow-book/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211315Z LAST-MODIFIED:20250401T024717Z UID:10004450-1751284800-1751284800@sc.cpa SUMMARY:(SSAA266/25) Surgent's Implementing the New Risk Assessment Standard DESCRIPTION:Event Description\nThe auditor’s responsibilities related to risk assessment are changing at the end of 2023! This power-packed webinar will empower you with the working knowledge of SAS No. 145\, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement\, to successfully apply the standard. This course will also discuss two highly-related standards (i.e.\, SAS Nos. 143 and 148) which auditors will be implementing at the same time. \nDesigned For\nAll auditors \nObjectives\nUnderstand and prepare for the 2023 calendar year-end implementation of SAS No. 145 on risk assessment and two highly-related SASs related to auditing accounting estimates and compliance auditing (i.e.\, SAS Nos. 143 and 148) Recognize the effects of SAS Nos. 144\, 146\, and 147\, which are also on the short-term implementation horizon \nMajor Subjects\nThe performance of risk assessment procedures to attain the knowledge needed to assess risk How the auditor identifies and assesses the risks of material misstatement The new “stand-back” requirements related to risk assessment \nInstructions\nNone URL:https://sc.cpa/event/ssaa266-25-surgents-implementing-the-new-risk-assessment-standard/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211404Z LAST-MODIFIED:20250401T040519Z UID:10004451-1751284800-1751284800@sc.cpa SUMMARY:(SSTX222/25) Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers DESCRIPTION:Event Description\nMost review techniques developed by professionals are self-taught and fine-tuned via experience. Yet how does one start? The purpose of this course is to give both new and seasoned reviewers additional and advanced procedures via a multitude of checklists to more thoroughly review S corporation and partnership tax returns. Its emphasis is not planning; rather\, it is to develop a strategy to properly review a return effectively and thoroughly. The course includes dozens of “practice tips for new reviewers” and is updated for impacts of newly enacted legislation. \nDesigned For\nSenior-level staff new to the review process or experienced staff members looking to update and/or expand their review procedures \nObjectives\nExpand the process involved in reviewing applicable tax returns Identify the most common areas that result in errors Document a review\, including consideration of risk management \nMajor Subjects\nReviews of portions of error-prone staff-prepared Forms 1120-S and 1065 from client-provided information What are common errors preparers make and what are the areas generating malpractice claims? Initial administrative groundwork The importance of Schedule M-1 Reporting requirements and filing exceptions for Schedules K-2 and K-3; Don’t fall prey to reporting oddities When can seemingly separately stated Schedule K items actually be trade or business items to report on Forms 1120-S or 1065\, page 1? Form 1120-S: What exactly is terminating S elections today? How do I recognize a second class of stock? Maintaining shareholder basis schedules; beware of final IRS regulations regarding open debt; the default method of calculating basis versus the election under Sect 1367; can an S corporation distribute earnings and profits from C corporation years? Form 1065: Why use Sect 704(b) to maintain capital accounts; Sect 704(c) regulations for preventing the shifting of tax consequences among partners or members; allocating recourse\, nonrecourse\, and qualified nonrecourse debt; a review of Sect 754 step-up in basis rules Multiple checklists of efficient procedures to identify potential issues on an 1120-S or 1065 tax return \nInstructions\nNone URL:https://sc.cpa/event/sstx222-25-surgents-forms-1120-s-and-1065-return-review-boot-camp-for-new-and-experienced-reviewers/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211406Z LAST-MODIFIED:20250401T041110Z UID:10004452-1751284800-1751284800@sc.cpa SUMMARY:(SSTX209/25) Surgent's Top 20 Effective Strategies for Avoiding RMD Mistakes and Penalties: Updated for the NEW Proposed RMD Regulations DESCRIPTION:Event Description\nRequired minimum distributions (RMD) must begin for the year in which the account owner reaches age 72 unless an exception applies. RMDs must also be taken from inherited accounts\, and the process for determining RMDs for these accounts is more complex than those that apply to RMDs for non-inherited accounts. Failure to comply with the RMD rules will result in the account owner owing the IRS a 50% excess accumulation penalty on any RMD shortfall. Interested parties must understand the compliance requirements that apply to RMDs to be able to assist in ensuring that penalties are avoided. \nDesigned For\nAll practitioners advising clients on these complex issues \nObjectives\nDefine an RMD so that clients know the minimum amounts to distribute Calculate RMDs and make adjustments when IRA custodians fail to Identify the individuals and accounts that are subject to the RMD rules Identify the RMD mistakes that can occur\, how to avoid such mistakes\, and how to correct them where possible How to get automatic waivers for the 50% excess accumulation penalty \nMajor Subjects\nCoverage of applicable provisions of SECURE Act 2.0 What is a required minimum distribution for an account owner? What is a required minimum distribution for a beneficiary IRA? Key explanations of RMD regulations The types of accounts that are subject to the required minimum distribution rules The parties that are subject to the required minimum distribution rules Exceptions and special considerations for required minimum distributions Rollover and transfer rules in an RMD year The various responsibilities for interested parties Qualified charitable distributions and how they are coordinated with RMDs and IRA contributions How the 10-year rule works for certain beneficiaries \nInstructions\nNone URL:https://sc.cpa/event/sstx209-25-surgents-top-20-effective-strategies-for-avoiding-rmd-mistakes-and-penalties-updated-for-the-new-proposed-rmd-regulations/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211513Z LAST-MODIFIED:20250401T023716Z UID:10004453-1751284800-1751284800@sc.cpa SUMMARY:(SSOT134/25) Surgent's Controller/CFO Update: Hot Topics Facing Today's Financial Professional DESCRIPTION:Event Description\nIn today’s rapidly changing world\, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand\, they need to be abreast of the latest proven financial skills for making the best decisions\, and on the other hand they need the best skills to motivate\, manage\, and lead people. Being pigeon-holed into one area or another is neither good for career building nor good for the organization. This reality has proven to be even more true with the advent of COVID-19. We’ll cover the latest issues that all CFOs and controllers need to know about and provide how-to guidance to allow for immediate use in their organizations. The program is focused on organizational success and will concentrate on ways to manage risk and achieve greater productivity. \nDesigned For\nCFOs\, controllers\, and finance professionals \nObjectives\nUnderstand the current issues and latest trends impacting CFOs\, controllers\, and finance professionals Understand how domestic and global economic conditions could impact the organization Apply what we have learned from the COVID-19 pandemic for a positive impact on the organization Be familiar with the results of the case studies and exercises that reinforce key learning points throughout the course \nMajor Subjects\nEconomic update Leadership and management changes as a result of the pandemic Managing for productivity Hiring the best people for the organization New motivation techniques \nInstructions\nNone URL:https://sc.cpa/event/ssot134-25-surgents-controller-cfo-update-hot-topics-facing-todays-financial-professional/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211515Z LAST-MODIFIED:20250401T032224Z UID:10004454-1751284800-1751284800@sc.cpa SUMMARY:(SSTX288/25) Surgent's Weekly Expert Hour (Original Air Date: 11/05/20) 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\nChanges to the Main Street Lending Program PPP Loan Necessity Questionnaires RMD rules for those continuing to work beyond age 72 Health insurance and Medicare: new challenges for 2021 \nInstructions\nNone URL:https://sc.cpa/event/sstx288-25-surgents-weekly-expert-hour-original-air-date-11-05-20/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211518Z LAST-MODIFIED:20250401T041910Z UID:10004455-1751284800-1751284800@sc.cpa SUMMARY:(SSTX246/25) Surgent's Understanding How the IRS Rewards Whistleblowers DESCRIPTION:Event Description\nIn 2006\, Congress passed the Tax Relief and Health Care Act. Prior to the Act’s passage\, rewards to individuals who provided information to the IRS regarding tax fraud were capped at $10 million. The Tax Relief and Health Care Act authorized the IRS to create a Whistleblower Office dedicated to investigating\, processing and recovering claims concerning the underpayment of taxes. Under the IRS’ new program\, whistleblowers may recover 15 to 30 percent of the amount collected provided the taxes and amounts in dispute exceed $2 million. If the whistleblower’s claim does not meet these criteria\, the IRS may still consider granting an award under its pre-2006 Tax Relief Act discretionary authority. Given the rapid growth of this program\, practitioners should have a basic understanding of the procedure and content for IRS Whistleblower claims\, both from the perspective of a claimant’s potential to recover and a taxpayer’s exposure to liability. \nDesigned For\nAccounting and Finance Professionals who need to understand various whistleblower programs under federal law \nObjectives\nUnderstand how to submit a good whistleblower claim that satisfies IRS criteria Understand the process by which the IRS reviews and pursues whistleblower claims Learn about large recoveries by IRS whistleblowers Understand non-IRS whistleblower claim programs including claims arising under the False Claims Act\, Sarbanes-Oxley and Dodd-Frank \nMajor Subjects\nOverview of the law that authorizes the IRS to reward whistleblowers who submit information leading to recovery Review of the whistleblower claim process Criteria for eligible claims Case studies of significant claim recoveries paid by the IRS to whistleblowers Issues underlying whether a practitioner should ever act as the whistleblower Addressing delays inherent in the whistleblower claim process The structure and role of the Whistleblower Office Best practices for the submission of a good whistleblower claim Working with other governmental divisions in processing whistleblower claims A brief overview of other\, non-IRS whistleblower claims \nInstructions\nNone URL:https://sc.cpa/event/sstx246-25-surgents-understanding-how-the-irs-rewards-whistleblowers/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211520Z LAST-MODIFIED:20250401T051408Z UID:10004456-1751284800-1751284800@sc.cpa SUMMARY:(SSTX146/25) Surgent's Four Tiers of Loss Limitations: A Guide to the Rules for Pass-Through Entities DESCRIPTION:Event Description\nOwners of S corporations and partnerships are subject to numerous limitations on pass-through losses\, each with unique rules\, applications\, and complexities. With the increase in popularity of pass-through business entities\, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations. \nDesigned For\nExperienced practitioners who desire a refresher on loss limitations and an analysis of the new rules. Inexperienced practitioners who desire to learn the basics of all four pass-through loss limitations and their interactions in one course. \nObjectives\nAnalyze how basis in an ownership interest in a pass-through entity is established Discuss how activity of the entity\, distributions\, and optional adjustments increase or decrease basis Discuss when basis is “at-risk” under Section 465\, and the resulting loss disallowance and carryforward related to basis that is not at-risk Define passive activities under Section 469 and exceptions to the passive loss rules Discuss when and how aggregation of activities should be used to avoid the passive loss rules Analyze Sect 461(l) created by the Tax Cuts and Jobs Act of 2017 and understand the limitation calculation and resulting carryforward Analyze the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact Use case studies to reinforce the learning objectives \nMajor Subjects\nThe Inflation Reduction Act of 2022 Tier 1: Basis limitations for S corporation shareholders and partners Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners\, including the impact of debt\, indemnities\, guarantees\, and shareholder/partner agreements Tier 3: Section 469 passive loss limitations and exceptions to the limitations Tier 4: The excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new §461(l))\, American Rescue Plan Act\, and Inflation Reduction Act \nInstructions\nNone URL:https://sc.cpa/event/sstx146-25-surgents-four-tiers-of-loss-limitations-a-guide-to-the-rules-for-pass-through-entities/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211522Z LAST-MODIFIED:20250401T041119Z UID:10004457-1751284800-1751284800@sc.cpa SUMMARY:(SSTX220/25) Surgent's Selected Issues in Preparation of 1040 Individual Income Tax Returns DESCRIPTION:Event Description\nThis course provides new staff accountants\, data processing employees\, para-professionals\, and bookkeepers a study into some of the more complicated issues they may face in tax return preparation. Updated for impacts of recent legislation\, including the SECURE Act 2.0\, the Inflation Reduction Act\, CARES Act\, Consolidated Appropriations Act of 2021 (CAA 2021)\, ARPA\, TCJA\, and SECURE Act. \nDesigned For\nNew staff\, rusty or those returning to the profession\, who desire to prepare individual returns \nObjectives\nHave an overview of passive activity rules Complete a comprehensive Form 1040; Learn about IRA contributions and self-employed retirement plans Complete a comprehensive problem related to computation of an individual’s federal income-tax liability\, with filled-in forms \nMajor Subjects\nBusiness income and expenses IRAs\, qualified retirement plans\, and Social Security benefits Depreciation and recapture Rental income and expenses\, income via Schedule K-1\, and loss limitations Alternative Minimum Tax Casualty losses\, moving expenses\, sale of home\, alimony\, and penalties \nInstructions\nNone URL:https://sc.cpa/event/sstx220-25-surgents-selected-issues-in-preparation-of-1040-individual-income-tax-returns/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211621Z LAST-MODIFIED:20250401T022428Z UID:10004458-1751284800-1751284800@sc.cpa SUMMARY:(SSMG114/25) Surgent's Gaining a Competitive Advantage: Critical Skills for CFOs and Controllers DESCRIPTION:Event Description\nAll organizations are looking for ways to gain an advantage over the competition. This practical and interactive session will present a toolkit of ideas to help CFOs\, controllers and finance professionals better position their organizations for the future. We know change is occurring at an exponential rate\, and that has proven to be the case in all areas of finance\, management\, and leadership over the past year. The course deals with these new issues and will continue to be updated as necessary throughout the year. Become the “financial hero” of your organization and make a positive impact on the bottom-line. \nDesigned For\nCFOs\, controllers\, and finance professionals \nObjectives\nMake better financial decisions that have a positive impact on the organization Lead the organization into the rapidly changing decade Apply what we have learned from the COVID-19 pandemic for a positive impact on the organization \nMajor Subjects\nLatest state of the economy Expense control that works Understanding our changing workforce and working environment Financial risk analysis Enterprise risk management Improving bank relationships \nInstructions\nNone URL:https://sc.cpa/event/ssmg114-25-surgents-gaining-a-competitive-advantage-critical-skills-for-cfos-and-controllers/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211623Z LAST-MODIFIED:20250401T054423Z UID:10004459-1751284800-1751284800@sc.cpa SUMMARY:(SSTX248/25) Surgent's Weekly Expert Hour (Original Air Date: 9/16/21) 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\nLatest news on proposed tax legislation (as of 9/16/21) Modification of rules relating to retirement plans Health care sharing ministry Wyden pass-through reform discussion draft \nInstructions\nNone URL:https://sc.cpa/event/sstx248-25-surgents-weekly-expert-hour-original-air-date-9-16-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211625Z LAST-MODIFIED:20250401T020622Z UID:10004460-1751284800-1751284800@sc.cpa SUMMARY:(SSTX108/25) Surgent's Advanced Critical Tax Issues for S Corporations DESCRIPTION:Event Description\nThis course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses\, you will learn something new in this course. \nDesigned For\nAll practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications \nObjectives\nUnderstand how stock basis\, AAA\, and other limitations are determined Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule Understand what S corporation issues are being debated with the Service\, settled in courts\, and guided by administrative decisions \nMajor Subjects\nFinal regulations on eligible terminated S corporations (ETSCs) Cases\, rulings\, and tax law changes affecting S corporations Compensation planning in S corporations\, including limitations in a family-controlled business; self-employment tax issues\, including IRS efforts to address underreporing of S corporation officer compensation Use of redemptions: still some advantages Planning for the liquidation of an S corporation Tax issues for family ownership of S corporation stock Impact of the tax on net investment income on sales of S corporation stock Stock basis: Loss limitations\, AAA\, and distribution issues in depth Debt basis: what the regulations on back-to-back loans mean to investors Estate planning for S corporation shareholders\, including buy-sell agreements\, QSubs\, ESBTs\, and uses of life insurance Built-in gains: the 5-year recognition period S corporation structuring: one class of stock Methods of accounting Legislation on mortgage interest reporting\, basis\, statute of limitations\, and tax return due dates \nInstructions\nNone URL:https://sc.cpa/event/sstx108-25-surgents-advanced-critical-tax-issues-for-s-corporations/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211627Z LAST-MODIFIED:20250401T021618Z UID:10004461-1751284800-1751284800@sc.cpa SUMMARY:(SSAA183/25) Surgent's Did I Pick the Right Major? Selecting Major Programs in a Single Audit DESCRIPTION:Event Description\nEven after we complete our work at an institution\, the question sometimes lingers: “Did I pick the right major?” Major program determination is difficult in a single audit and sometimes we feel ill prepared to make the best decision. This course will give you the counseling and assistance you need to feel confident in your major program selection under the Uniform Guidance for Federal Awards requirements. \nDesigned For\nNot-for-profit and government auditors \nObjectives\nUnderstand the importance of the major program determination process Perceive the key elements in major program determination and selection (e.g.\, properly identifying type A and type B programs\, high-risk and low-risk programs\, and the percentage-of-coverage rule) Skillfully and confidently select major programs in a single audit \nMajor Subjects\nUnderstanding the risk-based program selection approach to identifying major programs The four-step major program determination process How to identify not low-risk type A programs and high-risk type B programs \nInstructions\nNone URL:https://sc.cpa/event/ssaa183-25-surgents-did-i-pick-the-right-major-selecting-major-programs-in-a-single-audit/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211631Z LAST-MODIFIED:20250401T033509Z UID:10004462-1751284800-1751284800@sc.cpa SUMMARY:(SSTX211/25) Surgent's S Corporation Taxation: Advanced Issues DESCRIPTION:Event Description\nThis course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations. \nDesigned For\nAccounting and Financial Professionals whose practices include S corporations and their shareholders \nObjectives\nExamine operational issues\, keeping track of AAA\, and how to calculate basis\, apply distribution rules\, and avoid loss limitations Describe corporate level taxes Describe the rules governing the redemption and liquidation of an S corporation Examine the issues in compensation planning in S corporations\, including limitations in a family-controlled business\, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation Be familiar with the results of the case studies that reinforce key learning points \nMajor Subjects\nDetailed rules governing basis in the shareholder’s debt and stock AAA Built-in gains incurred from the sale of assets Redemptions and liquidations Compensation planning for shareholders\, including planning strategies under the SECURE Act Tax Cuts and Jobs Act of 2017 and the various stimulus acts\, as applicable \nInstructions\nNone URL:https://sc.cpa/event/sstx211-25-surgents-s-corporation-taxation-advanced-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211707Z LAST-MODIFIED:20250401T054111Z UID:10004463-1751284800-1751284800@sc.cpa SUMMARY:(SSTX261/25) Surgent's Weekly Expert Hour (Original Air Date: 9/02/21) 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\nS corporation PPP loan forgiveness Tax issues related to remote workers Family offices: an overview Investing in bitcoin and cryptocurrency \nInstructions\nNone URL:https://sc.cpa/event/sstx261-25-surgents-weekly-expert-hour-original-air-date-9-02-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211709Z LAST-MODIFIED:20250401T023755Z UID:10004464-1751284800-1751284800@sc.cpa SUMMARY:(SSAA124/25) Surgent's Auditing Accounting Estimates DESCRIPTION:Event Description\nAs you advance in your audit careers\, your responsibilities include auditing more subjective areas\, such as accounting estimate. These estimates are pervasive across a set of financial statements and are often very sensitive to relatively small changes in assumptions\, which can have a significant impact on the amount of the estimate that is recorded\, or not recorded\, in the financial statements.In this session\, we will review the relevant auditing guidance related to auditing estimates. We will focus on the three key ways in which auditors can audit accounting estimates: waiting for the contingency to resolve itself\, auditing the client’s estimation process\, and developing the auditor’s point or range of estimate. Then we’ll review what will be changing\, and what will be staying the same\, when SAS 143 becomes effective for 2023 audits. (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 the provisions found in AU-C 540 related to auditing estimates Identify key differences between AU-C 540 and the new requirements for auditing estimates under SAS 143 \nMajor Subjects\nCommon accounting estimates Accounting guidance related to loss and gain contingencies Audit guidance related to auditing accounting estimates Overview of the requirements of SAS 143 \nInstructions\nNone URL:https://sc.cpa/event/ssaa124-25-surgents-auditing-accounting-estimates/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211810Z LAST-MODIFIED:20250401T050025Z UID:10004465-1751284800-1751284800@sc.cpa SUMMARY:(SSTX159/25) Surgent's Taking Advantage of Installment Sales DESCRIPTION:Event Description\nWhen real property is sold for a gain\, we always try to find ways to defer recognizing income so that it won’t be necessary to send a check to Uncle Sam. There is a provision within the Internal Revenue Code that allows the taxpayer to defer recognition of immediate taxable gain in the year of sale known as an “installment sale.” Knowing how and when to utilize this provision makes the Accounting and Finance Professionals very valuable to either their client or the entity they work for. We will also discuss recent proposals that could impact the future of this provision. \nDesigned For\nAccounting and Finance Professionals who either represent or work for entities that own real property \nObjectives\nUtilize the provisions of IRC Sec 453 to defer recognizing gain on the sale of real property via an installment sale \nMajor Subjects\nHow does the IRC define an installment sale under IRC Sec 453? When can a taxpayer utilize the provisions of IRC Sec 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? \nInstructions\nNone URL:https://sc.cpa/event/sstx159-25-surgents-taking-advantage-of-installment-sales/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211813Z LAST-MODIFIED:20250401T033810Z UID:10004466-1751284800-1751284800@sc.cpa SUMMARY:(SSAA291/25) Surgent's The Yellow Book Performance and Reporting Requirements for a Financial Audit DESCRIPTION:Event Description\nWhen auditors perform financial audits under the Yellow Book\, they must apply nine areas of additional performance requirements and seven areas of additional reporting requirements. This course is designed to help you understand and effectively apply the Yellow Book performance and reporting requirements to financial audits. \nDesigned For\nYellow Book auditors \nObjectives\nObtain a thorough working knowledge of the requirements for performing and reporting on Yellow Book financial audits Understand how the Yellow Book requirements relate to the AICPA and OMB audit requirements \nMajor Subjects\nHow Yellow Book financial audits differ from GAAS audits and single audits The Yellow Book performance and reporting requirements related to internal control and compliance The requirements for reporting Yellow Book audit findings \nInstructions\nNone URL:https://sc.cpa/event/ssaa291-25-surgents-the-yellow-book-performance-and-reporting-requirements-for-a-financial-audit/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211908Z LAST-MODIFIED:20250401T033104Z UID:10004467-1751284800-1751284800@sc.cpa SUMMARY:(SSTX171/25) Surgent's Taking Advantage of Like-Kind Exchanges DESCRIPTION:Event Description\nWhen real property is sold for a gain\, we always try to find ways to defer recognizing income so that it won’t be necessary to send a check to Uncle Sam. There is a provision within the Internal Revenue Code that allows the taxpayer to defer recognition of immediate taxable gain in the year of sale known as a “like-kind exchange.” Knowing how and when to utilize this provision makes the Accounting and Finance Professionals very valuable to either their client or the entity they work for. We will also discuss recent proposals that could impact the future of this provision. \nDesigned For\nAccounting and Finance Professionals who either represent or work for entities that own real property \nObjectives\nUtilize the provisions of IRC Sec 1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange \nMajor Subjects\nUnderstanding the history of IRC Sec 1031 Who does and does not qualify for utilizing the like-kind provisions Which properties do and do not qualify for like-kind exchanges The differences between a dealer and a non-dealer regarding like-kind exchanges How to complete a like-kind exchange The different types of like-kind exchanges The definition of boot and how it applies to like-kind exchanges Rules concerning Revenue Ruling 72-456\, and Form 8824 \nInstructions\nNone URL:https://sc.cpa/event/sstx171-25-surgents-taking-advantage-of-like-kind-exchanges/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T211913Z LAST-MODIFIED:20250401T024811Z UID:10004468-1751284800-1751284800@sc.cpa SUMMARY:(SSMG111/25) Surgent's Microsoftr Excelr 2016: Getting Started DESCRIPTION:Event Description\nThis course introduces you to the Excel 2016 software and then guides you through basic Excel features using step-by-step hands-on activities. \nDesigned For\nNew Excel users or experienced Excel users switching from earlier versions \nObjectives\nExplain how the Excel software is used Start Excel Identify the components of the Excel window Describe a workbook and a worksheet Navigate and select in a worksheet Modify user options or preferences Create and save a workbook Enter\, edit\, and format text and numbers Create basic formulas and use functions Work in different worksheet views Preview and print a worksheet Work in Backstage view Use the Quick Access Toolbar\, the Ribbon\, the Tell Me feature\, the Smart Lookup feature\, shortcut menus\, and keyboard shortcuts to perform basic tasks \nMajor Subjects\nDescribe the Excel application and explain how it is used Start Excel\, describe the Start screen\, and create a new workbook Describe Excel window elements Open an existing workbook Navigate in a worksheet Select in a worksheet Change Excel options Access Excel help and use Key Tips Close a workbook and close Excel Save a workbook Insert\, reposition\, select\, delete and rename worksheets Enter\, edit and format cell contents Create formulas Use functions Apply Accounting and Percent Style formatting Use Flash Fill for data entry Show and hide worksheet elements Undo and redo an action Work in Normal view\, Page Layout view and Page Break Preview Set page setup options\, preview\, and print a worksheet \nInstructions\nNone URL:https://sc.cpa/event/ssmg111-25-surgents-microsoftr-excelr-2016-getting-started/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212009Z LAST-MODIFIED:20250401T031721Z UID:10004469-1751284800-1751284800@sc.cpa SUMMARY:(SSAA244/25) Surgent's Monthly Accounting and Auditing Update (Original Air Date: 7/27/21) DESCRIPTION:Event Description\nThe one constant in life is change. This is true in the A&A world as well. 2021 will continue to challenge the accounting profession in many areas\, including accounting for the impact of the COVID-19 pandemic\, working in a virtual environment\, and implementing new AICPA and FASB pronouncements. In this monthly series\, we will explore the hot topics and current events that are driving financial accounting today\, such as auditing and SSARS standards implementation and getting ready for ASC 842 implementation. Through detailed discussion of new standards and commentary from relevant industry experts\, this monthly update will keep you up to date on what you need to know in the accounting world.So\, whether your area of specialty is employee benefit plans\, leases\, not-for-profit and governmental accounting or something else\, this monthly hour will give you what you need to know to do your job as effectively as possible. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\nIdentify new standard-setting activities by the FASB and AICPA Review relevant guidance in COVID-19-related accounting topics Recall strategies for working effectively and complying with professional standards in a changing work environment Identify key success factors for the upcoming busy season \nMajor Subjects\nNew professional standards issued by the FASB and AICPA Guidance on likely COVID-19-related accounting issues that you are likely to face Insights on best practices in managing new working environments Other topics of importance for all accounting practitioners \nInstructions\nNone URL:https://sc.cpa/event/ssaa244-25-surgents-monthly-accounting-and-auditing-update-original-air-date-7-27-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212014Z LAST-MODIFIED:20250401T031238Z UID:10004470-1751284800-1751284800@sc.cpa SUMMARY:(SSAA140/25) Surgent's Annual Accounting and Auditing Update DESCRIPTION:Event Description\nDesigned for accounting and attestation practitioners at all levels in both public accounting and business and industry\, this course provides a comprehensive review of recent standard-setting activities of the FASB and AICPA. In addition to providing a detailed review of SAS No. 145\, this course will bring you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice.In addition to a financial accounting update\, the course will discuss what you will need to do differently as you adopt new audit standards 142-149 over the next few years\, including a detailed review of the new audit requirements under SAS 142. The course will also cover the key changes related to SSARS No. 25. Finally\, the course reviews the AICPA’s quality management project.In summary\, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\nReview and apply recently issued and proposed FASB and AICPA pronouncements Review and apply guidance within ASC 842\, Leases Understand SAS 142 and SAS 145; Recall and apply AICPA quality management standards Be familiar with other important A&A practice matters you should be aware of Utilize hands-on examples and illustrations to increase your overall understanding and application of the material \nMajor Subjects\nRecently issued FASB Accounting Standards Updates\, PCC Update and items on the FASB’s Technical Agenda Leases Topic 842 ASC 326: CECL Review of SAS 142 Focus on Audit Evidence Recently issued SASs and other AICPA activity SSARS No. 25 and other recently issued SSARS Detailed review of SAS 145 Other important A&A practice matters \nInstructions\nNone URL:https://sc.cpa/event/ssaa140-25-surgents-annual-accounting-and-auditing-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212019Z LAST-MODIFIED:20250401T031920Z UID:10004471-1751284800-1751284800@sc.cpa SUMMARY:(SSTX149/25) Surgent's Mastering Basis Issues for S Corporations\, Partnerships\, and LLCs DESCRIPTION:Event Description\nThe most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on the practical applications of these rules. \nDesigned For\nAccounting and Financial Professionals who prepare both individual and flow-through business entity tax returns and need a thorough grasp of these significant issues \nObjectives\nDetermine initial basis and organizing tax-free under Sect 351 and Sect 721 Discuss;what affects basis and how to treat distributions Pass the loss limitation hurdles to deduct pass-through losses \nMajor Subjects\nApplicable coverage of any basis considerations within any recent tax legislation enacted before the presentation; Discuss new pass-through basis calculations required as attachments to certain individual returns; Excess business losses and NOLs; Tax Basis Capital Account Reporting Requirements; How Sect 179 limitations affect basis and how the tax-benefit rule is applied; S corporations: Beware of final IRS regulations regarding open debt of S corporations; understand the effect of stock basis and debt basis and IRS’s recent focus on at-risk basis for shareholders; recognize how AAA applies or does not apply to certain S corporations; learn to apply the complex ordering rules and special elections that can have a big tax result; become aware of when you can have a taxable dividend in an S corporation; understand distributions of cash and property and post-termination transition rules\, and temporary post-termination rules for eligible corporations; LLCs and partnerships: Learn the detailed rules of Sect 704 for preventing the shifting of tax consequences among partners or members; determine how to calculate basis under both Sect 704 and for at-risk under Sect 465; recognize how recourse\, nonrecourse\, and qualified nonrecourse debt can create significantly different tax results; review Sect 754 step-up in basis rules; and learn how legislation cleans up the basis treatment of charitable contributions and foreign taxes paid; \nInstructions\nNone URL:https://sc.cpa/event/sstx149-25-surgents-mastering-basis-issues-for-s-corporations-partnerships-and-llcs/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212020Z LAST-MODIFIED:20250401T035918Z UID:10004472-1751284800-1751284800@sc.cpa SUMMARY:(SSTX218/25) Surgent's Buying and Selling a Business: Tax and Structuring Overview DESCRIPTION:Event Description\nOne of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients\, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs\, including controllers and executives in industry\, should understand how difficult the process of buying and selling a business has become. \nDesigned For\nAll practitioners who will be involved in the sale of a business \nObjectives\nUnderstand the CPA’s role in the beginning of the transaction and throughout the process Identify the different tax consequences for various forms of acquired businesses Identify the tax consequences for sellers of various forms of businesses\, including the impact of the net investment income tax (NIIT) and the Sect 199A pass-through deduction Appreciate Sect 338 and Sect 338(h)(10) elections and the benefits of installment sales Understand the impact of Sects 751\, 743\, 734\, and 754 on the purchase or sale of a partnership \nMajor Subjects\nAn overview of the beginning of the process and documents for preliminary tax planning Recognizing the need for due diligence in acquisitions\, including checklists of important points Deemed asset sales: Sect 338 and Sect 338(h)(10) The impact of the Sect 197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Planning to avoid double taxation under the repeal of the General Utilities doctrine Special problems and opportunities when an S corporation is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities Unique issues in buying and selling LLC/partnership interests Impact of the net investment income tax (NIIT) and the Sect 199A pass-through deduction on the tax due on the sale of a pass-through entity Individually owned goodwill \nInstructions\nNone URL:https://sc.cpa/event/sstx218-25-surgents-buying-and-selling-a-business-tax-and-structuring-overview/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212108Z LAST-MODIFIED:20250401T050526Z UID:10004473-1751284800-1751284800@sc.cpa SUMMARY:(SSTE131/25) Surgent's Power Query Series: Useful Transformations DESCRIPTION:Event Description\nThis course covers a number of useful transformations using Power Query (Excel version) to clean\, enrich\, and shape data. Coverage includes pivoting and unpivoting\, filtering and grouping\, fuzzy matching\, and more\, with hands-on exercises for users to practice these skills.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 ninth 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\nBe familiar with various useful transformations available in Power Query \nMajor Subjects\nData before and after transformation: unpivoting\, pivoting\, split to column by delimiter (by columns or rows) Filtering and grouping Fuzzy matching Hands-on examples \nInstructions\nSave all data sets provided to a central location on your computer URL:https://sc.cpa/event/sste131-25-surgents-power-query-series-useful-transformations/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212120Z LAST-MODIFIED:20250401T032003Z UID:10004474-1751284800-1751284800@sc.cpa SUMMARY:(SSTX296/25) Surgent's Weekly Expert Hour (Original Air Date: 9/10/20) 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\nIRS Notice 1444-A IRS Web page: BBA Centralized Partnership Audit Regime Top 10 questions regarding health insurance IRS Notice 2020-65 \nInstructions\nNone URL:https://sc.cpa/event/sstx296-25-surgents-weekly-expert-hour-original-air-date-9-10-20/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212225Z LAST-MODIFIED:20250401T040316Z UID:10004475-1751284800-1751284800@sc.cpa SUMMARY:(SSAA228/25) Surgent's IA Module 4 -- Maximizing Internal Audit (IA) Value\, Coverage\, Assurance and Reliance DESCRIPTION:Event Description\nThe “name of the game” in virtually any business (or profession)\, and most certainly for Internal Auditors\, is adding the greatest possible value to and for all stakeholders of that business/profession. Internal Auditors serve a wide variety of stakeholders who place major reliance on their work. Maximizing IA value in terms of assurance levels expected by and relied on by its stakeholders is critical and can only be achieved through optimal assurance coverage execution and highly effective stakeholder communications and reporting. By exploring the many roles and services through which an internal audit group can add value throughout any organization\, this course provides a roadmap for Internal Auditors in their quests to maximize value for all stakeholders\, both internal and external\, of their organizations. \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\nGain greater appreciation of an Internal Auditor’s varying and extensive value-adding impact and roles Enhance knowledge of significant SOX-related impact and requirements placed on the auditing profession Clarify the major roles and responsibilities of Internal Auditors from a primary coverage perspective as related to key organizational controls/objectives Identify opportunities for maximizing IA value from a multi-stakeholder assurance and reliance coverage perspective \nMajor Subjects\nIA’s unique and vital value-adding propositions SOX (Sarbanes Oxley Act) impact on the (Internal and External) auditing profession Key IA assurance coverage roles and responsibilities regarding: Strategic and entity-level controls and objectives Internal Control over Financial Reporting (ICFR) Operations efficiency and effectiveness Compliance with laws and regulations Optimizing Internal/External Audit (and other Independent Assurance Activities) coordination and reliance (for SOX and non-SOX engagements): Maximizing assurance coverage efficiencies and effectiveness Achieving excellence in stakeholder servicing and value adding \nInstructions\nNone URL:https://sc.cpa/event/ssaa228-25-surgents-ia-module-4-maximizing-internal-audit-ia-value-coverage-assurance-and-reliance/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212408Z LAST-MODIFIED:20250401T031614Z UID:10004476-1751284800-1751284800@sc.cpa SUMMARY:(SSAA272/25) Surgent's New SASs Effective for December 31\, 2021 Audits DESCRIPTION:Event Description\n2021 will be a very impactful year for audits\, as SASs 134-140 become effective for audits for year-ends after December 15\, 2021. In this course\, we’ll review the key changes coming to financial statement audits as a result of these new standards\, including the format of the new auditor’s report and consideration of key audit matters. The course will also review key changes under SAS 135 related to identifying significant unusual transactions and the expanded audit procedures which must be performed to address risks associated with them.Lastly\, the course will review the AICPA’s updated definition of materiality\, expanded procedures and reporting related to other information in annual reports\, and conforming changes to the auditor’s opinion in other special reporting situations. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\nIdentify the new guidance in recently issued SASs which will be effective for 2021 audits Implement the new AU-C standards \nMajor Subjects\nNew format of the auditor’s opinion\, including the inclusion of key audit matters Significant unusual transactions Determining materiality Conforming changes to other reports issued under the SAS \nInstructions\nNone URL:https://sc.cpa/event/ssaa272-25-surgents-new-sass-effective-for-december-31-2021-audits/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212413Z LAST-MODIFIED:20250401T031621Z UID:10004477-1751284800-1751284800@sc.cpa SUMMARY:(SSTX157/25) Surgent's Individual Income Tax Fundamentals DESCRIPTION:Event Description\nThis course will take new and administrative staff from the most basic concepts to a full understanding of individual tax return preparation – just in time for the crunch of busy season! Updated for impacts of recent legislation\, including the SECURE Act 2.0\, the Inflation Reduction Act\, American Rescue Plan Act\, the Consolidated Appropriations Act of 2021\, the CARES Act\, and the SECURE Act\, and the TCJA. The course builds from a strong technical foundation\, to prepare simple\, to moderate\, to complicated individual tax returns. \nDesigned For\nNew staff\, rusty or those returning to the profession\, who desire to prepare individual returns \nObjectives\nPrepare simple\, to moderate\, to complicated individual tax returns Learn complicated issues of filing status and dependency exemptions Understand issues with reporting capital gains transactions Complete targeted comprehensive problems related to Schedule A\, Schedule C\, Schedule D\, Form 4797\, and Alternative Minimum Tax Overview of passive activity rules Complete several tax returns; many schedules and worksheets; answers with filled-in forms are provided \nMajor Subjects\nEffects of recent legislation\, including the recently enacted Inflation Reduction Act and the SECURE Act 2.0; The Qualified Business Income deduction; Filing information\, filing status\, personal exemptions\, dependents\, the standard deduction\, etc.; Wages and salaries; Interest income\, dividend income\, mutual funds\, Social Security; Figuring tax; Basic income tax preparation\, Form 1040\, and Schedules 1 – 3; Capital gains and losses; Medical and dental expenses\, charitable contributions; IRA contributions and distributions; Distributions from qualified retirement plans\, pensions\, and annuities; Profit and loss from business or profession and self-employment tax; Depreciation; Rental income and expenses; Preparation of Schedules A\, B\, C\, D\, E\, and Forms 4562\, 4797\, and more \nInstructions\nNone URL:https://sc.cpa/event/sstx157-25-surgents-individual-income-tax-fundamentals/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20250630T120000 DTEND;TZID=America/Detroit:20250630T120000 DTSTAMP:20260404T155219 CREATED:20250331T212417Z LAST-MODIFIED:20250401T040411Z UID:10004478-1751284800-1751284800@sc.cpa SUMMARY:(SSTX287/25) Surgent's Weekly Expert Hour (Original Air Date: 11/12/20) 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\nTreasury Decision 9930 and its effect on required minimum distributions Rev. Proc. 2020-50 guidance Data security Data retention: which documents should you keep and for how long? \nInstructions\nNone URL:https://sc.cpa/event/sstx287-25-surgents-weekly-expert-hour-original-air-date-11-12-20/ CATEGORIES:Self-Study Video END:VEVENT END:VCALENDAR