South Carolina Association of CPAs

(LITX61/26) Keeping Up with the Tax Code - 2nd Quarter Federal Tax Update for Businesses
2026-06-23 13:00 - 16:30 (America/Detroit)
Event Description
Being a tax practitioner over the last few years has been tough! The tax landscape is constantly changing and this shows no signs of slowing down! Now more than ever, you need more than just new code sections hurled your way. You need to have a reliable way to stay on top of not only new tax legislation, but also know about areas of focus from the IRS, emerging topics, and current industry thinking on important issues. In our quarterly federal tax update series, we will be addressing not only new regulations, but also hard to navigate areas for practitioners. In June 2026, through discussion and easy to follow examples, we will help you to stay current and be ready to tackle the most pressing client questions throughout the year – not just at the end of the year!

Enrolled Agent Approved
Objectives

Identify new federal tax legislation and clarifications to existing laws
State areas of focus from the IRS
Recall difficult to navigate areas for tax practitioners
Recognize potential client questions about tax law updates and changes

(LIOT11/26) Conflict Management & Handling Objections
2026-06-26 08:30 - 09:20
Event Description
Conflict is inevitable—but unresolved conflict costs time, trust, productivity, and morale. This practical session gives CPA leaders the tools to analyze difficult situations objectively, choose the right conflict-resolution strategy, and communicate tough messages with confidence and professionalism. You’ll also learn how to de-escalate clashes between two strong-minded leaders, craft clear plans for difficult conversations, and respond calmly and effectively to objections. Participants will leave with a repeatable framework for navigating workplace tension and turning conflict into collaboration.
Designed For

Partners, managers, supervisors, and emerging leaders
Anyone responsible for team performance, culture, or staff development
Leaders who want a structured method for handling conflict quickly and professionally

Objectives
• Apply five proven resolution strategies when embroiled in conflict.
• Resolve workplace conflicts between two quarreling leaders using structured mediation and neutral facilitation.
• Thoroughly analyze a difficult situation by separating facts, emotions, and assumptions.
• Craft an effective strategy for approaching tough conversations with clarity and intention.
• Deliver difficult messages with confidence while maintaining professionalism and trust.
• Handle objections effectively by staying composed, listening actively, and redirecting toward solutions.
Major Subjects

Five Key Resolution Strategies for Modern Workplaces
Mediating Conflicts Between Two Quarreling Leaders
Diagnosing the Real Problem: How to Analyze Any Difficult Situation
Planning & Crafting a Strategy for High-Stakes Conversations
Delivering Tough Messages with Calm, Clarity & Confidence
Handling Objections Without Escalation or Emotion
Moving Conflict Toward Collaboration and Lasting Agreement

(SSAA568/26) Surgent's Preparation and Compilation Engagements Under the SSARS
2026-06-30 12:00
Event Description
Be the go-to person on financial statement compilation and preparation engagements. Specifically designed for those performing preparation and compilation engagements, this course will provide you with a hands-on application for performing preparation and compilation engagements under AR-C Section 70 and 80, respectively. You will learn the ins and outs of relevant sections of the SSARS related to preparation and compilation engagements with a focus on how recently issued updates to SSARS No. 21 impact these engagements. More importantly, you will be provided practical examples and illustrations to help you effectively and efficiently perform those engagements, including a detailed discussion of the reporting requirements under AR-C 80 related to compilation engagement. Lastly, the course will review recent peer review feedback on these types of engagements, highlighting areas where you can improve engagement quality.
Designed For
Accounting practitioners and their staff performing and managing preparation and compilation engagement services
Objectives
Understand and apply relevant sections of SSARS No. 21, Clarification and Recodification Be familiar with guidance impacting preparation and compilation engagements which is contained in SSARS Nos. 22, 23 and 24 Be familiar with preparation and compilation work program examples Be aware of the most recent reports and other required communications Keep abreast of relevant ARSC agenda items and projects Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
Major Subjects
Relevant sections of SSARS No. 21, Clarification and Recodification Updates to SSARS No. 21 guidance due to issuance of SSARS Nos. 22, 23 and 24 Proposed changes to the SSARS guidance Comprehensive sample engagement work programs for preparation and compilation engagements Prescribed form, specified line item, pro forma, and other engagement variations Complete illustrations of relevant engagement letters, reporting and other required communications for preparation and compilation engagements SSARS No. 21 implementation issues and peer review feedback
Instructions
None

(SSAA462/26) Surgent's Adapting to Today's Changing Accounting Landscape
2026-06-30 12:00
Event Description
The field of accounting is undergoing rapid evolution in response to a complex interplay of technological advancements, regulatory reforms, economic fluctuations, and shifting societal dynamics. In this course, we will explore the major challenges and opportunities currently facing accountants, and we will equip you with the knowledge and skills needed to excel in this dynamic environment.
Designed For
Accounting and finance professionals interested in understanding the challenges and opportunities facing the accounting profession
Objectives
Understand the key factors shaping the accounting profession today Analyze the challenges and opportunities arising from technological advancements Explore the evolving expectations of clients and stakeholders Navigate the regulatory landscape and adapt to ongoing changes Develop a well-rounded skillset to thrive as a modern accountant
Major Subjects
Evolving accounting landscape Data complexity in accounting and tax Value-added billing Artificial Intelligence Shifting client expectations Navigating regulatory uncertainty The impact of accountants on society Embracing change and innovation Pipeline challenges
Instructions
None

(SSAA504/26) Surgent's Fraud 101: Understanding Basic Fraud Schemes
2026-06-30 12:00
Event Description
This course will discuss common fraud schemes found in business transactions. The course also includes a conversation with Nathan Mueller, a reformed white-collar offender who committed financial statement fraud from a large financial institution.This is the first of five 2-hour courses in Surgent’s Fraud Certificate Program. This program includes a combination of lectures, animated videos, and live interviews with white-collar offenders and whistle-blowers. Each course is designed to be engaging and informative and will enhance your understanding of fraud.
Designed For
Professionals who want to understand common fraud schemes and red flags commonly missed
Objectives
Be familiar with various types of embezzlement and financial statement fraud schemes Recognize and identify red flags that are often missed
Major Subjects
Common embezzlement schemes Common financial statement fraud schemes Commonly missed red flags
Instructions
None

(SSAA581/26) Surgent's Revenue Recognition - U.S. GAAP vs. IFRS
2026-06-30 12:00
Event Description
This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15). While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.
Designed For
Accounting professionals
Objectives
List the key steps in the revenue recognition model Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition Identify some of the key differences between ASC Topic 606 and IFRS 15
Major Subjects
Key principles of Revenue Recognition Performance obligations in the Contract Noncash considerations Presentation of sales taxes Impairment reversal of capitalized contract costs Interim disclosures
Instructions
None

(SSAA562/26) Surgent's Examining ASC 842, Leases: More Than Meets the Eye
2026-06-30 12:00
Event Description
Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the now-effective changes to the lease accounting guidance. In this course, we will review how to measure the lease liability and right-of-use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease re-measurement events as well as address the other major provisions of ASC 842, such as disclosures and transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover all recent updates to the originally issued guidance in Topic 842, including that related to discount rates.
Designed For
Practicing 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
Objectives
Comprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842) Recall operational issues in adopting the lease accounting standard
Major Subjects
ASU No. 2016-02, Leases (Topic 842) Overall lease accounting guidance Lessor Accounting 101 Lessee Accounting 101 Detailed review of accounting by lessees and lessors Sale and leaseback transactions Operational issues Updates to the lease accounting guidance Feedback from the public company adoption of Topic 842
Instructions
None

(SSTX550/26) Surgent's Maximizing Your Social Security Benefits
2026-06-30 12:00
Event Description
The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad other related retirement planning issues.
Designed For
Practitioners who have clients contemplating receipt of Social Security
Objectives
Identify who is entitled to retirement benefits and in what amounts Summarize the factors one must consider in determining when to take benefits Discuss the taxation of Social Security benefits and how this impacts other income tax planning Identify and describe the potential effects of retirement and estate planning strategies
Major Subjects
Retirement benefits: What the amount of benefits is in various circumstances Spousal benefits: Should a spouse return to work? What benefits does a spouse have and when and how do they relate to benefits decisions by the client? Claiming Social Security: Advantages and disadvantages at ages 62, full retirement age, and 70 Planning: What clients approaching retirement age should consider now with respect to benefits for them, their spouses, and their children Coordinating benefits: Should you take Social Security first and higher-balance IRA distributions later, or take IRA balances first and enhanced Social Security benefits later?
Instructions
None

(SSAA598/26) Surgent's ASC 606 Insights: Timing of Revenue Recognition & Principal vs. Agent Considerations
2026-06-30 12:00
Event Description
This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes distinguishing between recognizing revenue over time versus at a point in time as well as principal versus agent considerations.
Designed For
Professionals interested in revenue recognition under ASC 606
Objectives
Identify factors that influence the determination of control transfer in a contract Recognize implications of transferring control over time versus at a specific point in time Determine the significance of contract terms in assessing when control transfers to a customer Identify key factors that determine whether an entity acts as a principal or an agent Recognize best practices for conducting principal vs. agent evaluations
Major Subjects
Measuring Progress Output Methods Input Methods Factors Supporting Principal Conclusion Factors Supporting Agent Conclusion Mixed Conclusion (Both Principal and Agent)
Instructions
None

(SSTX516/26) Surgent's Preparing Individual Tax Returns for New Staff and Paraprofessionals
2026-06-30 12:00
Event Description
The objective of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare a moderately complex federal individual income tax return (Form 1040). Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff.
Designed For
New staff and paraprofessionals who prepare individual returns
Objectives
Learn complicated issues of filing status and dependency exemptions Learn about Schedules A, B, C, D, E, and SE; Forms 8867, 4797, and 4562; passive rules and more Complete comprehensive problems related to Schedules A, C, and D; QBI, 4797, 6251, and more, all with “filled-in” forms Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit
Major Subjects
Comprehensive coverage of the Inflation Reduction Act of 2022 and The SECURE Act 2.0 Preparation of various Form 1040 individual tax returns and schedules; provided answers include filled-in forms Coverage of Form 7203 Coverage of Section 199A qualified business income, its calculation, limitations, and examples Dividends and interest Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc. Security transactions From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues Self-employed person issues Schedule C deductions including depreciation Sale and exchange of property Understanding Form 4797 and depreciation recapture; capital gains A working understanding of passive losses How to handle rental property and how the passive loss rules flow to the tax forms Itemized deductions – A thorough understanding of what’s deductible and what’s not Interest deductions – Limitations and timing problems Charitable contributions substituting for taxes, IRS says – No! Retirement contributions and education credits and deductions Tax computations The Kiddie Tax, AMT, regular tax, tax credits Individual problems illustrated by form preparation for various items, with numerous practice tips Impact of recent legislation and forms changes on the 1040
Instructions
None

(SSAA543/26) Surgent's Accounting for Software - Internal Use and External Sales
2026-06-30 12:00
Event Description
This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties. The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers. For internal-use software, the guidance is prescribed by ASC Topic 350-40. On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20.
Designed For
Financial practitioners who want an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties
Objectives
Distinguish between software that is considered internal-use;and not considered internal-use Recognize how implementation costs are accounted for in various stages of software development Identify when capitalization and amortization should commence Recognize how implementation costs of hosting arrangements are accounted for differently
Major Subjects
The accounting, reporting, and disclosure requirement;related to software Internal-use software arrangements Cloud and non-cloud based arrangements Software for resale Software sold to third parties ASC Topic 350-40 ASC Topic 985-20
Instructions
None

(SSTX558/26) Surgent's Going Out on Your Own: Entity Types and Accounting Methods
2026-06-30 12:00
Event Description
Starting a business is tough! There are lots of decisions to be made and things to think about. You may feel like you have a great idea. You have done your marketing research, developed a prototype, and even looked at locations for your new office. Then it dawns on you.. What type of entity do I need to be? Is there really an advantage to choosing one entity type over the other? In this class, we will dig into the differences between entity types – from taxes to liability. We will also look at the advantages and disadvantages of different methods of accounting. Whether you are a small business owner looking to start something new or a practitioner looking to expand your client advisory services, this course is the one for you!
Designed For
Small business owners, CPAs, and financial advisors who want to understand the advantages and disadvantages of different entity types and accounting methods
Objectives
Identify differences in how business entity types are taxed for income tax purposes Recognize how personal financial planning for a business owner is related to financial planning for a flow-through entity business Identify how S-Corporations are taxed for self-employment tax purposes Recognize double-taxation and when it applies Identify when a transaction should be recorded on the accounting records under the cash method Recognize when income is recognized and an expense must be accrued on the accounting records under the accrual method Identify what account should not appear on the financial records if the accrual method is being used
Major Subjects
Financial planning pyramid What to consider when picking an entity Single member LLC vs. sole proprietorship Corporations S vs. C Double taxation
Instructions
None

(SSAA527/26) Surgent's Goodwill Impairment - An Essential Guide
2026-06-30 12:00
Event Description
This course provides an overview of goodwill impairment testing. This course focuses on topics such as the initial recognition of goodwill and subsequent measurement requirements including the accounting alternative allowed for certain eligible entities. This course also addresses the disclosure requirements for goodwill.
Designed For
Accounting professionals
Objectives
Identify the recognition requirements related to goodwill Recognize 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 List the key disclosure requirements for goodwill and goodwill impairment losses
Major Subjects
Initial recognition of goodwill Subsequent measurement requirements including the accounting alternative allowed for certain eligible entities Disclosure requirements for goodwill
Instructions
None

(SSAA467/26) Surgent's A Complete Guide to the Yellow Book
2026-06-30 12:00
Event Description
If 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.
Designed For
Auditors performing Yellow Book engagements
Objectives
Thoroughly 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
Major Subjects
When 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
Instructions
None

(SSOT411/26) Surgent's Business Law for Small Business Owners
2026-06-30 12:00
Event Description
One of the most intimidating aspects of going into business for yourself is compliance. Tax, employment, and regulatory laws are difficult to navigate, so it often falls on the CPA to know the basics in these areas to help their clients avoid costly litigation. In this course, we will cover basic compliance areas for small business owners. We will look at the main elements of a contract, taxation of entity types, worker classification, property law, and many of the other areas that are often overwhelming for small business owners. By being able to speak to these issues, practitioners will be able to add value and help their small business owner clients grow and thrive.
Designed For
All practitioners and controllers who want a better understanding of how the law can impact their practice and their clients
Objectives
Identify the most common legal issues arising in the business context Recognize the role that accountants can play in identifying and resolving legal problems Identify compliance aspects of different entity types
Major Subjects
Contract principles Legal issues related to various types of business organizations Worker classification Employee rights and the duties of employers Real property law
Instructions
None

(SSTX437/26) Surgent's The Complete Guide to Liquidation of Business Entities
2026-06-30 12:00
Event Description
Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of this course is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.
Designed For
CPAs in public accounting and industry involved in business entity liquidations
Objectives
Describe the tax consequences to a corporation and its shareholders of a complete liquidation Discuss alternatives to liquidation Understand the particular issues in the liquidation of an S corporation Consider the options available on complete liquidation of a partnership or LLC
Major Subjects
The impact of recent legislation Unique planning opportunities and tax traps involved in the liquidation of a business entity Installment sales and the big hurdles to favorable tax treatment in liquidation Form 966 and its importance An analysis of liquidation timing Strategies to pursue in light of the tax rates on dividends and capital gains The special problems of liquidating subchapter S corporations Key planning issues and benefits in liquidating partnerships and limited liability companies Expansion of the carried interest provisions of Rev. Proc. 93-27
Instructions
None

(SSAA526/26) Surgent's Goodwill Impairment Basics
2026-06-30 12:00
Event Description
This 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.
Designed For
Accounting professionals seeking an introduction to goodwill impairment testing and the related FASB requirements
Objectives
Recognize 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
Major Subjects
Goodwill impairment testing FASB accounting and reporting requirements related to goodwill ASC Topic 350-20 Goodwill disclosure requirements
Instructions
None

(SSOT450/26) Surgent's Work-Life Balance: Maximizing Productivity and Understanding Related Tax Issues
2026-06-30 12:00
Event Description
Working as a financial professional is an accomplishment that offers the potential for a good salary with long-term growth. Despite being a sought-after career, studies show that being overworked is the greatest source of anxiety and dissatisfaction among financial professionals. Left unchecked, a life centered exclusively around the demands of work can be both physically and emotionally detrimental.Establishing a work-life balance is difficult in any profession, yet financial professionals confront unique challenges that make this goal seem even more elusive. Technology results in being “always on,” with no true time to disconnect and genuinely enjoy family, exercise, or hobbies. Lack of balance comes with costs, including poor health and lower productivity.Why are some professionals able to establish a successful balance between career demands and family while others are not? How are some firms able to achieve both high employee satisfaction and strong productivity? This webinar looks at research, surveys, and simple anecdotal information to provide a better understanding of how to achieve a realistic work-life balance in the modern world. We also discuss the tax consequences that arise when professionals seek balance by working from home in one state while their employer is located in a different state.
Designed For
Anyone who seeks to understand ways to improve quality of life when balancing the demands of work and non-work-related obligations
Objectives
Understand the unique challenges professionals confront when trying to achieve work-life balance Learn which skills and organizational structures render the best results for those looking to improve work-life balance Understand the research available to help organizations improve work-life balance
Major Subjects
Discuss how productivity strategies may improve work-life balance Understand the state tax consequences that may arise when working from home Identify and discuss challenges unique to financial professionals Review how some organizations are providing support to improve work-life balance Explore the role of alternative work arrangement; Examine challenges unique to auditors versus tax professionals A comparison of work-life balance between public and industry accountants How work-family conflict varies among financial professionals Recommendations for improving work-life balance
Instructions
None

(SSET407/26) Surgent's Surging Auditors: Daily Dilemmas
2026-06-30 12:00
Event Description
Ethics are the hallmark of our profession, and we must be uncompromising in our commitment to acting ethically. However, many ethical dilemmas arise unexpectedly as we perform our daily tasks, and challenge us, as there often appears to be several ways forward. We need to decide which is the correct one. In this game, the learner plays the role of an auditor at Surging Auditors LLP and must complete common activities from their daily task list. As they complete these tasks, the player navigates unexpected encounters with colleagues, clients, and friends with questions that challenge decision-making skills and knowledge of the AICPA Code of Professional Conduct and other ethics guidance. Those responses and decisions are measured to ensure the player maximizes opportunities that benefit the firm and themselves while remaining independent and within ethical boundaries.
Designed For
Accounting professionals in auditing who need to build skills or increase awareness in character, integrity, independence, and objectivity.
Objectives
Demonstrate the importance of character, integrity, and serving the public interest Demonstrate the importance of independence, objectivity, and ethical behavior
Major Subjects
The importance of proper documentation of workpapers Meeting firm-mandated ethical requirements Independence issues related to client relationships Client engagement and entertainment Accurate and complete reporting of time
Instructions
None

(SSTX677/26) Surgent's Weekly Expert Hour (Original Air Date: 12/12/24)
2026-06-30 12:00
Event Description
As 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 series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.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.
Designed For
Financial professionals who wish to be up to speed on the latest news affecting themselves and their clients
Objectives
Be well informed on current topics impacting taxes, finance, and industry
Major Subjects
Policy Surrenders vs. sales in the Life Settlement Market Overview of depreciation basics Installment Method of Accounting
Instructions
None

(SSAA419/26) Surgent's Accounting and Auditing Revenue
2026-06-30 12:00
Event Description
Revenue is often one of the largest and most significant line items in a company’s financial statements. It is also the line item that is most susceptible to fraud. Further, all companies reporting under U.S. GAAP have either recently completed or are completing their transition to a complex new accounting standard for recognizing revenue from contracts with customers, ASC 606. Clearly it is imperative that all auditors have a detailed understanding of both ASC 606 and how to effectively audit revenue transactions.In this session of the Surgent Audit Skills Series, we’ll review the key elements of ASC 606, including the new disclosure requirements for private companies under the new standard. Then, we’ll focus on how to audit revenue, including the elements of an effective risk assessment related to revenue, key controls over the revenue process and substantive procedures. This information with both provides you with the information to audit revenue effectively and efficiently and comply with relevant auditing standards related to revenue. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 3.)
Designed For
Accountants with responsibilities for auditing accounts receivable
Objectives
The FASB’s comprehensive new revenue recognition guidance in ASC Topic 606, Revenue from Contracts with Customers Explaining audit risks associated with revenue Discussing how to tailor the audit plan to assessed risks of material misstatement Recalling common substantive procedures related to revenue
Major Subjects
Topic 606, Revenue from Contracts with Customers, including recently issued ASUs impacting Topic 606 The FASB’s new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance, including presentation and disclosure requirements Performing an effective risk assessment related to revenue Common internal controls and substantive audit procedures related to revenue
Instructions
None

(SSTX499/26) Surgent's Max the Tax: Schedule E
2026-06-30 12:00
Event Description
You just received an email from Roni, a prospective new client. He owns several properties under the business name Roni’s Real Rentals LLC and wants help minimizing rental income and maximizing deductions that offset the rental income. You will interview Roni and visit his two properties to gain a better understanding of his situation. Advise Roni by providing him good and relevant ideas, and he will ask you to be his new tax accountant.
Designed For
Tax practitioners desiring an interactive approach to learn key tax knowledge
Objectives
Understand what qualifies as supplemental / rental income on Schedule E Understand what qualifies as expenses to report on Schedule E
Major Subjects
Business development Types of properties Rental property use Rental expenses Deductible expenses Repairs and maintenance Capitalization of expenses Depreciation Accounting methods Treatment of security deposits
Instructions
None

(SSAA451/26) Surgent's Mastering Accounting for Income Taxes
2026-06-30 12:00
Event Description
Since its inception nearly 30 years ago, many have continued to struggle with applying the current model for accounting for income taxes, ASC 740. But this does not have to be you. This course will provide you with the basic knowledge necessary to understand the complexities of this challenging topic. Through discussions and use of exercises, this course will analyze the authoritative literature to provide a thorough understanding of such topics as deferred taxes, income tax expense, uncertain tax positions and other classification and disclosure requirements related to income taxes. We will also explore some specialized areas of income tax accounting, such as intra-period allocations of income tax expense and accounting for changes in tax laws and rates.In summary, this course is the place to be to enhance your accounting for income taxes IQ.
Designed For
Practicing 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
Objectives
Identify and calculate the deferred tax asset or liability for an entity Determine when and how to report uncertain tax positions Calculate and report the components of income tax expense Develop appropriate disclosures Comprehend recent or proposed changes to accounting guidance for income taxes
Major Subjects
The sources of deferred tax assets and liabilities Calculating the deferred tax asset or liability Reporting income-tax expense and balance sheet items CARES Act accounting implications Defining, analyzing, and reporting uncertain tax positions Classification of deferred tax assets and liabilities Disclosure requirements Any recent or proposed changes to the accounting and disclosure requirements for income taxes
Instructions
None

(SSTX436/26) Surgent's Choosing the Right Business Entity
2026-06-30 12:00
Event Description
The business structure a client chooses influences virtually every tax and financial issue associated with the business, including the business’s day-to-day operations, its tax liability, how much of the owners’ personal assets are at risk, and much more. For this and many other reasons, it is critical that a client choose a business structure that gives the right balance of legal protections and tax benefits.From a tax perspective, in terms of selecting an entity to do business in, the universe shifted with the Tax Cuts and Jobs Act enacted at the end of 2017. The tax rate for C corporations was lowered to 21% and the 199A deduction offered pass-through entities the chance to significantly lower the rate at which they are taxed. But how do all these options work and which option is best for which business? Those questions are at the heart of this webinar. In this program, we discuss whether there is a “best entity” for our clients. Tax practitioners know that re-examining choice of entity determination is at the top of the agenda for client meetings because clients continue to want reassurance that they have the most tax-efficient entity structure. This program will equip you with the knowledge and insights you need to lead those discussions.
Designed For
Tax practitioners seeking to understand the issues that impact choice-of-entity determinations
Objectives
Help clients choose the tax entity that is most advantageous to them
Major Subjects
Why businesses operate as C corporations Why businesses operate as pass-through entities Adopting C corporation status Why businesses choose S corporation status. Tax and business situations that impact entity selection.
Instructions
None

(SSAA563/26) Surgent's Latest Developments in Nonprofit Accounting and Auditing
2026-06-30 12:00
Event Description
This year is indeed another year of significant change in the world of nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced working knowledge of the latest developments in nonprofit accounting and auditing.
Designed For
Auditors and industry professionals working in the nonprofit environment
Objectives
Understand the latest GAO, OMB, AICPA, and FASB developments Keep your accounting and auditing skills up to date with current requirements Prepare for major changes on the horizon
Major Subjects
Developing issues related to the 2024 Yellow Book revision and the 2024 revision to the Uniform Guidance for Federal Awards Key AICPA developments affecting audits of nonprofits (including SAS No. 146 on quality management) Key issues related to not-for-profit financial reporting (e.g., presenting a measure of operations, various disclosures, etc.) Key challenges encountered in not-for-profit accounting (e.g., conditional contributions, restricted contributions, contributed services, membership dues, noncash contributions, etc.)
Instructions
None

(SSTX659/26) Surgent's Weekly Expert Hour (Original Air Date: 8/1/24)
2026-06-30 12:00
Event Description
As 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 series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.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.
Designed For
Financial professionals who wish to be up to speed on the latest news affecting themselves and their clients
Objectives
Be well informed on current topics impacting taxes, finance, and industry
Major Subjects
Discussion of the 2024 presidential race reset 2024 Tax Legislation Update Transfer and direct pay of energy credits
Instructions
None

(SSAA481/26) Surgent's Audit Quality and Peer Review Update
2026-06-30 12:00
Event Description
With 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.
Designed For
Accounting and auditing practitioners at all levels desiring to improve engagement quality
Objectives
Identify 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
Major Subjects
AICPA’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
Instructions
None

(SSAA582/26) Surgent's Revenue Recognition - Top Challenges in Applying ASC 606
2026-06-30 12:00
Event Description
This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes identifying valid contracts, determining performance obligations, assessing variable consideration, and distinguishing between recognizing revenue over time versus at a point in time. The course also covers principal versus agent considerations, accounting for contract modifications, licensing arrangements, and disclosure requirements.
Designed For
Accountants interested in Revenue Recognition and ASC 606
Objectives
Identify the criteria for contract validity under ASC 606 Recognize complexities in multiple contracts with the same customer Determine the effects of contract modifications on revenue recognition Differentiate between contract cancellations and terminations Recognize the criteria for determining if goods or services are separately identifiable Determine the impact of customization on performance obligations in contracts Identify different types of variable payments in contracts, including discounts, rebates, and bonuses
Major Subjects
Types of performance obligations Bundled offerings Customizations Modifications to product specifications Requests for additional services Alterations in delivery timelines Long-term contracts Enforceability and payment terms
Instructions
None

(SSTE420/26) Surgent's Power BI.com: Empowering Collaborative Data Analytics in Your Organization
2026-06-30 12:00
Event Description
A data-driven culture can only occur when there is collaboration, communication, and cooperation between everyone in your organization.Collaboration can only occur in the Power BI ecosystem when your organization works in the cloud with Power BI.com, also known as the Power BI Service, a software as a service available on the Power Platform.This one-hour course will demonstrate the capabilities of Power BI.com as your company continues its journey to becoming a data-driven organization.
Designed For
Anyone who wants to continue their data analytics journey with Power BI.com
Objectives
Recognize how to publish to PBI Service from the desktop Understanding workspaces and dashboards in the service Share content in the service by different data literacy levels (content created by data creators/content consumed by data consumers) Understand administration of the Power BI service with the goal of data democratization
Major Subjects
Demonstration of publishing from the desktop to the service Demonstration of workspaces who has access, and what can they do? Demonstration of pinning tiles to a dashboard: quick insights, questions and answers, and what you can pin Demonstration of sharing content: analyze in Excel, apps, and dataflows Demonstration of administrative settings in the service: security, data access, and data quality
Instructions
None

(SSTX416/26) Surgent's Technical Individual Practice Issues and Tax Forms for Experienced Practitioners
2026-06-30 12:00
Event Description
Don’t let the title frighten you. Experienced staff can get bogged down in busy season with advanced practice and reporting issues. With major legislation enacted over the past few years, we bring you the distilled version of what you need to know for the current year and significant current proposals that may impact the tax landscape in future years or even retroactively. This course discusses the topics that experienced staff, managers, and partners should understand in depth while also assisting experienced staff in avoiding costly mistakes when facing complicated 1040 issues. The manual includes advanced examples and several advanced cases with “filled-in” forms provided with the complete answers.
Designed For
Accounting and Finance Professionals in public accounting who prepare or review complex 1040 returns
Objectives
Recognize and understand how to handle advanced technical issues which arise in a professional practice and in preparing individual tax returns Complete the tax forms for selected issues
Major Subjects
What’s NEW for this year Items all practitioners must know; Form 1040 and Schedules 1 3 1099-K reporting requirement; Qualified Business Income — Coverage of Section 199A including the real estate safe harbo; A tour of the most recent forms changes, starting from gross income and ending with selected credits, including the latest IRS guidance on significant recent tax legislatio; How will clients (and practitioners) interact with IRS in the future and how the pandemic is steering the IRS to ramp up with digital communication effort; Hot developments and current areas of interes; Virtual Currency and Digital Asset Taxatio; Advanced practice, reporting, and other issues intertwined with advanced planning and discussion idea; Form 6198 — At-risk basis: Detailed case study and discussion of how this form is to be used and when it needs to be filed; learn how basis and at-risk basis are different, and why this is significan; Form 6252 — Installment sale income: A common tax area; however, a case study and discussion of this topic includes advanced issues such as gain on reacquisition of installment sale property, including worksheets on calculating gain & tax basis of reacquired propert; Form 5329 — Additional taxes on qualified plans: Advanced study of how to avoid penaltie;
Instructions
None
