BEGIN:VCALENDAR VERSION:2.0 PRODID:-//South Carolina Association of CPAs - ECPv6.16.5//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:20260308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20261101T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20270314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20271107T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20280312T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20281105T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044218Z CREATED:20260612T223209Z LAST-MODIFIED:20260613T044218Z UID:10006206-1814356800-1814356800@sc.cpa SUMMARY:(SSTX146/27) Surgent's Employee vs. Independent Contractor: Achieving Success in a Worker Classification Audit DESCRIPTION:Event Description\nThe IRS believes\, perhaps with some justification\, that many workers classified as independent contractors are actually employees and should be treated as such for tax purposes. The result is that worker classification audits are frequent and often costly for business clients\, both in terms of time as well as money expended. This program prepares accounting and finance professionals to assist their clients with worker classification audits\, and to avoid them if possible\, by discussing and explaining the circumstances under which workers will most likely be characterized as employees or as independent contractors. The program also deals with the first line of defense against the IRS in worker classification audits – Section 530\, as well as the common law factors distinguishing an employee from an independent contractor. This program also explores the IRS Voluntary Classification Settlement Program and discusses whether a practitioner should advise a client to request admission into this program. \nDesigned For\nAccounting and finance professionals who wish to help their clients avoid having independent contractors reclassified by the IRS as employees and accounting and finance professionals whose clients currently use independent contractors rather than employee \nObjectives\n\nAdvise clients with respect to the risks associated with their treating workers as independent contractors rather than employees \n Understand how to employ Section 530 for purposes of defending against an IRS allegation that one or more workers are employees and not independent contractors\n\nMajor Subjects\nThe 20 common law factors in a worker classification audit that are used to distinguish an employee from an independent contractor How disgruntled independent contractors can use IRS Form 8919 against a former employer When and how to use Section 530 as a defense in worker classification audits What is “industry practice” for Section 530 purposes Common sense steps that will avoid the recharacterization of workers treated as independent contractors to employees The IRS’s Voluntary Classification Settlement Program – advantages and disadvantages The DOL Final Rule \nInstructions\nNone URL:https://sc.cpa/event/sstx146-27-surgents-employee-vs-independent-contractor-achieving-success-in-a-worker-classification-audit/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T043114Z CREATED:20260612T223209Z LAST-MODIFIED:20260613T043114Z UID:10006207-1814356800-1814356800@sc.cpa SUMMARY:(SSOT130/27) Surgent's Handling Difficult People DESCRIPTION:Event Description\nThis professional development course equips you with practical strategies to manage challenging interactions in the workplace. Although difficult individuals may represent a small segment of the workforce\, their impact can be significant\, often leading to time lost and decreased productivity. In this course\, you will gain essential skills to address and navigate these situations effectively. Additionally\, you’ll identify specific challenges and develop a personalized action plan for implementing the strategies learned back in your workplace. \nDesigned For\nAll employees and managers \nObjectives\n\nIdentify signs of difficult behavior before a situation gets out of hand\n Understand why difficult people behave the way they do\n Communicate with the employee to understand the cause of their behavior\n Use a 3- part problem solving model to help diagnose and resolve a situation\n Follow a 5-step process from communication to planned resolution when engaged in a conflict\n Understand and use skills to help control emotions when dealing with difficult people and situations\n Create an action plan to address a situation back at work\n\nMajor Subjects\nBe familiar with the nature and sources of difficult behaviors in the workplace\, as well as strategies for addressing them Understand a proven formula for handling difficult people Utilize a problem-solving model to brainstorm strategies for working effectively with challenging individuals Implement a step-by-step process to resolve conflicts between yourself and others within your organization Apply the hostility curve as a tool to maintain control in situations involving angry or upset individuals Implement new strategies for managing your emotions in difficult interactions Understand the impact of attitude on interactions with others Create a personalized action plan for applying course strategies in your workplace \nInstructions\nNone URL:https://sc.cpa/event/ssot130-27-surgents-handling-difficult-people/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044220Z CREATED:20260612T223209Z LAST-MODIFIED:20260613T044220Z UID:10006208-1814356800-1814356800@sc.cpa SUMMARY:(SSAA107/27) Surgent's Auditing Accounts Receivable: An Overview DESCRIPTION:Event Description\nAccounts receivable tends to carry higher risk of material misstatement due to the complexity and subjectivity involved with recognition\, measure\, and valuation. In addition\, revenue recognition is presumed to be a significant fraud risk. This module will discuss the risks associated with accounts receivable and the allowance for doubtful accounts as well as techniques for auditing those areas. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants with responsibilities for auditing accounts receivable \nObjectives\n\nIdentify audit risks and special audit considerations\n Tailor a detailed audit plan for accounts receivable based on the assessed risk\n Evaluate confirmation responses and identify areas for follow-up\n Evaluate and conclude on the valuation for the allowance for doubtful accounts\n\nMajor Subjects\nRisks of material misstatement associated with auditing accounts receivable Internal controls associated with accounts receivable Substantive procedures used in auditing accounts receivable External confirmation audit considerations\, including evaluating responses for propriety Evaluating the valuation of accounts receivable The AICPA’s new SAS on auditing estimates \nInstructions\nNone URL:https://sc.cpa/event/ssaa107-27-surgents-auditing-accounts-receivable-an-overview/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T043117Z CREATED:20260612T223210Z LAST-MODIFIED:20260613T043117Z UID:10006209-1814356800-1814356800@sc.cpa SUMMARY:(SSBM115/27) Surgent's Improving Your Profits: Identifying Cost Cutting Opportunities DESCRIPTION:Event Description\nPart of one’s duty as a CPA working in industry is to safeguard the assets of the organization. Cost cutting is one way to preserve assets and maintain a company’s competitive position in the industry. However\, what keeps us from ridding our organizations of unnecessary costs? In this course\, we will look at the factors that prevent our companies from being as streamlined as they could be. By using statistics and survey data\, we will attempt to show how to better negotiate and navigate budgeting and contracting decisions. We will also discuss financial statement analysis techniques\, benchmarking\, and cash flow management in an effort to better cut costs and maintain the long-run viability of an organization. \nDesigned For\nCPAs\, CFOs\, and Controllers looking to improve profitability by streamlining expenses for their own organization or for their clients \nObjectives\n\nList behavioral biases that prevent companies from being streamlined\n Identify techniques that may be used to make cost cutting a part of the company’s culture and business strategy\n Describe techniques that may be used to discern whether additional headcount is necessary\n Demonstrate vertical and horizontal financial statement analysis\n List key considerations when benchmarking against competitors\n Describe contracting and negotiation techniques\n Discuss the business cycle and how cash flow management changes during each stage\n\nMajor Subjects\nWhat keeps companies from becoming streamlined?; Behavioral biases Information processing biases Emotional biases How to deal with behavioral biases; Connecting behavioral biases to cost cutting Creating a culture of cost cutting Rules of thumb for cost cutting; Managing headcount Post-COVID common areas of excess cost Budgeting techniques Budget variances Benchmarking Common size financial statements Horizontal analysis Negotiation and contracting techniques Cash flow and the business cycle \nInstructions\nNone URL:https://sc.cpa/event/ssbm115-27-surgents-improving-your-profits-identifying-cost-cutting-opportunities/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044223Z CREATED:20260612T223210Z LAST-MODIFIED:20260613T044223Z UID:10006210-1814356800-1814356800@sc.cpa SUMMARY:(SSTX120/27) The Best S Corporation\, Limited Liability\, and Partnership Update Course by Surgent DESCRIPTION:Event Description\nThis year practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers\, and this enlightening course delivers that information. You will learn invaluable strategies\, techniques\, innovative tax-planning concepts\, income-generating ideas\, and other planning opportunities available to S corporations\, partnerships\, LLCs\, and LLPs. In addition\, this course will discuss current trends and emerging issues\, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation. \nDesigned For\nAll tax practitioners\, both those working in public accounting as well as those in private industry\, who need the latest information on tax changes affecting their business clients or employers \nObjectives\n\nUnderstand the major issues on which taxpayers and the IRS are in conflict\n Understand recent IRS guidance and legislation impacting pass-through entities\n\nMajor Subjects\nDiscussion of key individual provisions of the One Big Beautiful Bill Act\, such as TCJA provisions made permanent\, new tip income deduction\, new overtime pay deduction\, Trump accounts\, and the expanded SALT cap Comprehensive coverage of business provisions of the One Big Beautiful Bill Act\, including but not limited to: Bonus Depreciation made permanent Increased Section 179 deduction Changes to Section 174 R&E Expenditures Changes to Section 163(j) Form 1099/1099-K changes Qualified Small Business Stock Exclusion Excess Business Loss Limitation; Section 1244 Small Business Stock and Section 1202 Qualified Small Business Stock treatment and applicability Principles and considerations for nonresident withholding\, composite payments\, and passthrough entity taxes Partnership Distributions\, Form 7217\, and S Corporation Redemptions Thinking beyond Section 163(j) — Interest Allocation Rules\, Original Issue Discount\, Applicable High Yield Discount Obligations\, Convertible Corporate Debt Instruments\, and Debt-Financed Distributions Timely coverage of breaking tax legislation Selected Practice and Reporting Issues: What’s new? A review of recent cases and tax law changes and IRS guidance affecting S corporations\, partnerships\, limited liability companies\, and limited liability partnerships Decentralized Autonomous Organizations (DAOs) \nInstructions\nNone URL:https://sc.cpa/event/sstx120-27-the-best-s-corporation-limited-liability-and-partnership-update-course-by-surgent/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T043120Z CREATED:20260612T223211Z LAST-MODIFIED:20260613T043120Z UID:10006211-1814356800-1814356800@sc.cpa SUMMARY:(SSOT144/27) Surgent's Remote Leadership and Virtual Meeting Mastery DESCRIPTION:Event Description\nThe accounting industry has embraced the hybrid and\, in some cases\, fully remote work model for the profession. As technology has evolved to support this strategy\, the need to project professionalism and leadership through a virtual platform has become a significant skill for all current and future leaders. This seminar provides practical tools to establish an impactful virtual executive presence and communicate with confidence and authority. \nDesigned For\nAnyone in the accounting or financial service professions who is interested in enhancing leadership skills and advancement opportunities by mastering virtual communication strategies. \nObjectives\n\nUnderstand the four components of virtual meetings-equipment\, environment\, presence\, and pre-work\n Create operational procedures to utilize in all virtual meeting formats\n Master how to communicate with authority\, gravitas\, and authenticity in a virtual professional setting\n Enhance in person perception by exhibiting leadership skills virtually\n\nMajor Subjects\nCreate an equipment/technology checklist before each meeting Structure your environment for maximum effect Manage and mitigate distractions Handle and respond to technology issues Present yourself with authority Prepare to achieve the best outcomes Establish an authentic and accessible professional presence Navigate a group meeting as well as one on one discussions Master audio only meetings and discussions \nInstructions\nNone URL:https://sc.cpa/event/ssot144-27-surgents-remote-leadership-and-virtual-meeting-mastery/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044321Z CREATED:20260612T223211Z LAST-MODIFIED:20260613T044321Z UID:10006212-1814356800-1814356800@sc.cpa SUMMARY:(SSOT155/27) Surgent's Workplace Etiquette for Young Professionals DESCRIPTION:Event Description\nUnderstanding the nuances of workplace protocol facilitates effective interactions within the office as well as at external business functions. In this class you will learn how to cultivate your executive presence as well as how to conduct yourself in a variety of business settings. The work environment extends beyond the walls of the office into client sites\, business events\, and conferences. You will be provided with the tools to navigate every situation with confidence and grace. Although the workplace is an evolving structure\, the general rules of etiquette such as kindness\, respect\, cooperation\, and effective communication have not shifted. \nDesigned For\nYoung professionals in the accounting or financial service professions who are interested in elevating and fine tuning a workplace presence to enhance career opportunities. \nObjectives\n\nUnderstand how to cultivate and project an executive presence\n Integrate perception management through appearance\, behavior\, and communication in the workplace\n Effectively navigate business dining settings and client events\n\nMajor Subjects\nProjecting a professional presence Verbal communication skills to elevate your message Mastering non-verbal communication Protocol for office settings Building trust within the organization and with clients Running an impactful meeting Adding value as a meeting attendee Executive dining etiquette strategies and tips \nInstructions\nNone URL:https://sc.cpa/event/ssot155-27-surgents-workplace-etiquette-for-young-professionals/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050314Z CREATED:20260612T223212Z LAST-MODIFIED:20260613T050314Z UID:10006213-1814356800-1814356800@sc.cpa SUMMARY:(SSTX190/27) Surgent's Multistate Income Tax Issues DESCRIPTION:Event Description\nWith the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case\, the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets\, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in the area of nexus. Learn how nexus requirements have changed and where the state laws may be heading in the future. \nDesigned For\nAccountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability \nObjectives\n\nIdentify changes in state statutes\, regulations and case law\n Determine how the states will treat changes under the Tax Cuts and Jobs Act\n Recognize areas that may require additional attention for state tax planning purposes\n Recall areas that may be costly for employers or clients\n Recognize the who\, what\, when\, and where of nexus for income and sales tax\n\nMajor Subjects\nEmerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus Emerging compliance issues in the new sales tax economy Income Tax (and other forms of tax): Economic nexus (taxation without physical presence) Will states shift away from income tax and increase reliance on sales tax after Wayfair? Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid? When to consider voluntary compliance even though the laws do not dictate a sales tax responsibility \nInstructions\nNone URL:https://sc.cpa/event/sstx190-27-surgents-multistate-income-tax-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044322Z CREATED:20260612T223213Z LAST-MODIFIED:20260613T044322Z UID:10006214-1814356800-1814356800@sc.cpa SUMMARY:(SSAA256/27) Surgent's Guide to the Topic 606 Revenue Recognition Model for All CPAs DESCRIPTION:Event Description\nWhile the effective date of Topic 606 has passed for companies\, there will always be a need for a comprehensive review of the accounting related to revenue recognition\, including recently issued changes to this guidance. Whether you are looking to improve your revenue recognition processes\, benchmark your financial statement disclosures against your peer group\, or assess the impact of changes to your revenue recognition processes due to COVID-19\, this course will provide you with the information you need to apply Topic 606 in this current environment.This course will review the basic Topic 606 five-step model and provide specific implementation guidance and examples. It will cover the presentation and disclosure requirements for Topic 606\, including the private company disclosure relief available under Topic 606\, and provide disclosure examples. Lastly\, the course will discuss best practices\, lessons learned\, and ways to improve the business process when recognizing revenue going forward.Even though implementing Topic 606 is behind us\, it is still possible to improve the processes that drive revenue recognition and this course will assist you in doing that. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to understand the FASB’s new revenue recognition guidance \nObjectives\n\nExplain the FASB’s new revenue recognition guidance found in Topic 606\n Describe the FASB’s new five-step revenue recognition model\n Discuss the presentation and disclosure requirements in the new standard\n Utilize hands-on examples and illustrations to increase your overall understanding and application of the material\n View feedback from public entity implementation of Topic 606 \n Recall best practices and areas for improvement in the recognition of revenue\n\nMajor Subjects\nTopic 606\, Revenue from Contracts with Customers\, including recently issued ASUs impacting Topic 606 The FASB’s new five-step revenue recognition model\, including hands-on examples and illustrations of the new guidance Presentation and disclosure requirements Accounting considerations related to COVID-19-driven changes to revenue recognition processes Lessons learned and best practices for improving business processes related to revenue recognition going forward \nInstructions\nNone URL:https://sc.cpa/event/ssaa256-27-surgents-guide-to-the-topic-606-revenue-recognition-model-for-all-cpas/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050315Z CREATED:20260612T223214Z LAST-MODIFIED:20260613T050315Z UID:10006215-1814356800-1814356800@sc.cpa SUMMARY:(SSOT156/27) Surgent's Working Remotely: Best Practices\, Challenges\, and Opportunities DESCRIPTION:Event Description\nWorking from home presents both benefits and challenges for professionals. For employees\, working from home provides opportunities to be more productive and gain time that would otherwise be spent commuting to and from the office. Employers who utilize remote work enjoy fewer fixed costs\, more efficiency\, and greater employee satisfaction. Without proper planning\, professionals who work remotely may experience increased anxiety and disorganization. They may also jeopardize data privacy. However\, when executed properly\, working remotely can help organizations become more efficient and profitable\, while at the same time improving employee morale. This webinar looks at how firms and companies have successfully implemented work from home programs and discusses mistakes that can be avoided through proper planning. \nDesigned For\nAny professionals who seek to understand ways to implement or improve work from home programs \nObjectives\n\nFormulate a plan to implement a successful work from home program\n Understand how other organizations successfully utilize remote work\n Be familiar with research and related studies identifying challenges and benefits of working remotely\n\nMajor Subjects\nTechnology and workstation arrangements Maximizing productivity Establishing procedures that can be implemented throughout the organization Understanding the relationship between remote work and employee retention Effective communication strategies for staying connected with colleagues and clients The productivity challenges unique to working from home Time management The importance of distinguishing between the home office and home Data privacy concerns Other ethical considerations that arise when working from home \nInstructions\nNone URL:https://sc.cpa/event/ssot156-27-surgents-working-remotely-best-practices-challenges-and-opportunities/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044323Z CREATED:20260612T223214Z LAST-MODIFIED:20260613T044323Z UID:10006216-1814356800-1814356800@sc.cpa SUMMARY:(SSTX336/27) Surgent’s Weekly Expert Hour (Original Air Date: 5/16/24) 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 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. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nOverview of Medicare in 2024 179D deduction New IRS guidance regarding the stock buyback tax \nInstructions\nNone URL:https://sc.cpa/event/sstx336-27-surgents-weekly-expert-hour-original-air-date-5-16-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050316Z CREATED:20260612T223215Z LAST-MODIFIED:20260613T050316Z UID:10006217-1814356800-1814356800@sc.cpa SUMMARY:(SSAA232/27) Surgent's Mastering the Basics of Inventory Accounting DESCRIPTION:Event Description\nWhile many entities maintain inventory\, they are often challenged when applying the complexities of inventory accounting. The goal of this course is to provide a detailed overview of inventory accounting concepts that can be applied to a variety of inventory types.The course will cover the basics of inventory capitalization\, for both book and tax\, as well as the basic inventory valuation methods\, LIFO\, FIFO\, weighted average\, and specific identification. Then the course will give a more detailed review of the LIFO and retail methodologies. It will cover the topics of inventory obsolescence reserves and other issues related to inventory accounting\, including a discussion of how COVID-19 has impacted these accounting considerations.This course will be the one-shop stop to get you up-to-speed on the accounting for this critical\, revenue-producing asset. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to develop a detailed understanding of inventory accounting \nObjectives\n\nRecall the elements of inventory cost for book and income tax accounting purposes\n Apply inventory valuation methodologies to various types of inventory\n Determine reserve methodologies for inventory obsolescence\n Determine appropriate inventory observation approaches\n Recall issues related to consignment inventory\n\nMajor Subjects\nElements of inventory cost and full-absorption costing Valuation methodologies\, including LIFO\, FIFO\, weighted average\, and specific identification Obsolescence reserves LIFO accounting Differences between book and tax cost capitalization and related income tax accounting Retail inventory valuation methodology Physical inventory observation approaches Accounting issues related to consigned inventory Other challenging issues related to inventory accounting \nInstructions\nNone URL:https://sc.cpa/event/ssaa232-27-surgents-mastering-the-basics-of-inventory-accounting/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050317Z CREATED:20260612T223308Z LAST-MODIFIED:20260613T050317Z UID:10006218-1814356800-1814356800@sc.cpa SUMMARY:(SSTX150/27) Surgent's Tax Reporting for Executive Compensation DESCRIPTION:Event Description\nThis comprehensive course delves into the intricate world of executive compensation\, focusing on the taxation and reporting procedures for various types of compensation arrangements. Participants will gain a deep understanding of the key differences between incentive stock options (ISOs) and nonqualified stock options (NQSOs)\, as well as the tax treatment and reporting requirements for restricted stock awards\, stock appreciation rights (SARs)\, phantom stock plans\, and employee stock purchase plans (ESPPs). The course will also cover the accurate analysis of tax forms and schedules used for reporting executive compensation\, common tax reporting errors to avoid\, and strategies for handling extensions\, estimated taxes\, and increased IRS scrutiny. \nDesigned For\nAccounting and finance professionals who advise clients or their own organizations on issues related to employer stock and executive compensation \nObjectives\n\nUnderstand and explain the taxation and reporting procedures for nonqualified deferred compensation (NQDC) arrangements \n Distinguish between incentive stock options (ISOs) and nonqualified stock options (NQSOs) in terms of taxation and reporting requirements \n Describe the tax treatment and reporting procedures for restricted stock awards \n Differentiate between the taxation and reporting requirements for stock appreciation rights (SARs) and stock options \n Discuss the taxation and reporting considerations for phantom stock plans \n Explain the tax benefits\, reporting procedures\, and participant eligibility for employee stock purchase plans (ESPPs) \n Understand the tax consequences and reporting requirements of stock bonus plans \n Outline the tax incentives\, contribution limits\, and reporting procedures for employee stock ownership plans (ESOPs) \n Interpret and analyze the tax forms and schedules used for reporting executive compensation \n Recognize and prevent common tax reporting errors associated with executive compensation plans \n Formulate strategies for stock sale reporting\, estimated taxes\, filing deadlines and extensions\, and state taxation \n\nMajor Subjects\nNonqualified deferred compensation (NQDC) Nonqualified stock options (NQSOs) Incentive stock options (ISOs) Restricted stock/restricted stock units (RSUs) Stock appreciation rights (SARs) and phantom stock Employee stock purchase plans (ESPPs) Applicable tax forms and schedules Stock sale reporting Estimated taxes Filing deadlines and extensions State taxation \nInstructions\nNone URL:https://sc.cpa/event/sstx150-27-surgents-tax-reporting-for-executive-compensation/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044325Z CREATED:20260612T223309Z LAST-MODIFIED:20260613T044325Z UID:10006219-1814356800-1814356800@sc.cpa SUMMARY:(SSOT140/27) Surgent's Progressive Discipline and Termination DESCRIPTION:Event Description\nEmployee discipline is always challenging. Training on proper progressive discipline is critical to avoiding potential lawsuits while also trying to bring out the best possible employee performance. This webinar is designed to assist human resources professionals and managers in understanding the best ways to use progressive discipline as both a management and risk reduction tool. The webinar also will address best practices with regard to the employee termination process. \nDesigned For\nHuman resources professionals and managers \nObjectives\n\nExplain best practices with regard to progressive discipline\n Advise employers regarding steps they can take to reduce litigation risks associated with employee termination\n Understand wrongful termination and discrimination claims\, including how to avoid them\n\nMajor Subjects\nDefining progressive discipline\, including typical steps in any progressive discipline process The importance of a fair disciplinary process When and how progressive discipline should be used\, including using progressive discipline in the lead-up to termination Documentation best practices Limitations on at-will employment\, including contracts and laws regarding discrimination and retaliation Avoiding key risks in the termination process Best practices for legally compliant termination procedures \nInstructions\nNone URL:https://sc.cpa/event/ssot140-27-surgents-progressive-discipline-and-termination/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044326Z CREATED:20260612T223310Z LAST-MODIFIED:20260613T044326Z UID:10006220-1814356800-1814356800@sc.cpa SUMMARY:(SSTX228/27) Surgent's The Road Ahead: Critical OBBBA Changes Impacting Accounting and Finance Professionals DESCRIPTION:Event Description\nIt is important for accounting and finance practitioners to help their clients understand and apply the many new provisions of OBBBA. Many of these changes are effective for the 2025 tax year and beyond. This program is an introduction to and review of some of these critical changes and their impact on taxpayers. This program is a two-hour review and analysis of what we consider some of the most current and important changes from the OBBBA. If you want the latest OBBBA information to relay to your clients\, this course is for you. \nDesigned For\nAccounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the tax changes brought about by the OBBBA \nObjectives\n\nUnderstand the many new tax changes taking place as a result of OBBBA\n Advise clients with regard to planning strategies they could profitably adopt in light of the OBBBA changes\n\nMajor Subjects\nMarginal tax rates effective in 2025 and beyond The QBI deduction Qualified residential interest Child Care Credit Miscellaneous itemized deductions\, including the educator deduction Rollovers from 529 plans to ABLE accounts Additional expenses treated as qualified higher education expenses for purposes of 529 accounts Termination of credits for environmentally clean autos and expenditures Other timely topics \nInstructions\nNone URL:https://sc.cpa/event/sstx228-27-surgents-the-road-ahead-critical-obbba-changes-impacting-accounting-and-finance-professionals/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050318Z CREATED:20260612T223310Z LAST-MODIFIED:20260613T050318Z UID:10006221-1814356800-1814356800@sc.cpa SUMMARY:(SSAA281/27) Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment DESCRIPTION:Event Description\nProfessional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism\, independence\, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards \nObjectives\n\nIdentify and understand the requirements of recently issued SASs and SSARS\n Develop implementation tips and best practices related to these new standards\n Implement best practices for enhancing engagement quality\n\nMajor Subjects\nAICPA hot topics and standard setting initiatives Discussion of suite of nine integrated SASs effective for years ended December 31\, 2021 Discussion of the standard on audit evidence effective for years ended December 31\, 2022 Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31\, 2023 Discussion of the two standards on use of specialists and information from a pricing service\, and the newly updated risk assessment standard effective for years ended December 31\, 2023 Discussion of standards that are effective beginning in 2025\, including those dealing with client acceptance and questions asked of the predecessor auditor\, the partner’s responsibility for engagement quality\, group audits\, conforming changes to compliance auditing\, and more \nInstructions\nNone URL:https://sc.cpa/event/ssaa281-27-surgents-update-on-recent-aicpa-standard-setting-staying-current-in-a-changing-environment/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044331Z CREATED:20260612T223310Z LAST-MODIFIED:20260613T044331Z UID:10006222-1814356800-1814356800@sc.cpa SUMMARY:(SSAA110/27) Surgent's Fraud Risk Assessment Basics DESCRIPTION:Event Description\nThe financial statement auditor’s overall objectives are to obtain reasonable assurance as to whether the financial statements are materially misstated due to fraud or error and to issue a report that includes an opinion. As noted in the independent auditor’s report\, the risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error\, as fraud may involve collusion\, forgery\, intentional omissions\, misrepresentations\, or the override of internal control. This module will highlight the audit procedures required by professional standards to assess the risk of fraud and perform further procedures in response to fraud risk. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants who have responsibility for identifying\, assessing\, and responding to fraud risk on a financial statement audit \nObjectives\n\nExplain the various types of fraud relevant to a financial statement audit\n Discuss the requirements related to fraud in generally accepted auditing standards\n Describe fraud indicators\n Perform appropriate responses to identified fraud risk\n\nMajor Subjects\nExplain the expectation gap with financial statement users regarding the auditor’s responsibilities for preventing and detecting fraud Fraud inquiries and engagement team discussion points Identifying and responding to fraud risk on an audit Testing journal entries and other tests for management override Fraud communications \nInstructions\nNone URL:https://sc.cpa/event/ssaa110-27-surgents-fraud-risk-assessment-basics/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050320Z CREATED:20260612T223311Z LAST-MODIFIED:20260613T050320Z UID:10006223-1814356800-1814356800@sc.cpa SUMMARY:(SSTX245/27) Surgent's How to Settle a Client's Estate DESCRIPTION:Event Description\nFederal estate and gift taxes currently affect few clients\, but there are many other issues involved in settling an estate or administering a trust. Clients who are beneficiaries of a trust or estate often turn to their financial advisors to understand the administrative process and its effect on their interests. This course enables the accountant to cut through the jargon to understand the legal concepts\, communicate a real-world explanation to clients\, and serve\, in some instances\, as an advisor to them. After taking this course\, practitioners will feel more confident to serve in a fiduciary capacity. Updated for developments relative to estate taxation. \nDesigned For\nAccounting and Financial Professionals who wish to assist in settlement of an estate\, regardless of size \nObjectives\n\nUnderstand how creditors’ claims impact a beneficiary’s claims\n Understand the key provisions in a will or trust\n Understand the duties of an executor or trustee in relation to beneficiaries and other third parties\n Identify trusts\, wills\, and other documents encountered\, & their uses\n Understand the stages of an estate administration including costs\, collections\, payment of debts/taxes\, & distribution to beneficiaries\n Be aware of the duties a fiduciary and members of the estate planning team owe to creditors\, beneficiaries\, and the courts\n\nMajor Subjects\nIssues involved when settling an estate – marshaling of assets\, payment of creditors\, and distribution and accounting to beneficiaries Explaining the needs and limitations of durable powers of attorney\, health care directives\, and living wills Why a will is probated\, and on what grounds it may be challenged Comprehensive checklists on how to read a will\, duties of an executor and trustee\, and much more Identification and report of estate assets What to do and what not to do as a fiduciary\, executor\, or trustee – duty of care\, investment\, informing\, payment of debts and taxes\, & defending a will contest How executors and trustees interact with beneficiaries Elective shares\, and when a spouse might make that choice What a trustee needs to know about incompetents and minors Rights of creditors\, third parties\, and beneficiaries Key issues in transferring property to a trust and from a trust or estate to a beneficiary Identifying income\, estate\, and inheritance taxes Fiduciary accounting – principal and income concepts An introduction to drafting an account\, and why it is relevant Administration of revocable trusts Estate basis reporting \nInstructions\nNone URL:https://sc.cpa/event/sstx245-27-surgents-how-to-settle-a-clients-estate/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050319Z CREATED:20260612T223312Z LAST-MODIFIED:20260613T050319Z UID:10006224-1814356800-1814356800@sc.cpa SUMMARY:(SSTX390/27) Surgent’s Weekly Expert Hour (Original Air Date: 11/6/25) 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 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. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nOBBBA student loan repayment transition IRS Notice 2025-57 and transitional relief for reporting car loan interest Updated Form 1099-K frequently asked questions \nInstructions\nNone URL:https://sc.cpa/event/sstx390-27-surgents-weekly-expert-hour-original-air-date-11-6-25/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050321Z CREATED:20260612T223312Z LAST-MODIFIED:20260613T050321Z UID:10006225-1814356800-1814356800@sc.cpa SUMMARY:(SSOT112/27) Surgent's Business Law Essentials for Practitioners and Controllers DESCRIPTION:Event Description\nThis course covers basic legal principles that every accountant should be familiar with to avoid common legal disputes and costly litigation. By analyzing business law issues from the standpoint and background of accountants and auditors\, this course will help you develop an approach to client and practice issues with a sensitivity and appreciation for potential legal ramifications. \nDesigned For\nAll practitioners and controllers who want a better understanding of how the law can impact their practice and their clients \nObjectives\n\nIdentify the most common legal issues arising in the business context\n State the general legal rules applicable to business situations\n Recognize the role that accountants can play in identifying and resolving legal problems\n Identify compliance aspects of different entity types\n\nMajor Subjects\nContract principles Partnerships and limited liability entities Legal issues related to various types of business organizations Worker classification Employee rights and the duties of employers Intellectual property Real property law Bankruptcy basics Environmental Law Merger basics \nInstructions\nNone URL:https://sc.cpa/event/ssot112-27-surgents-business-law-essentials-for-practitioners-and-controllers/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050330Z CREATED:20260612T223313Z LAST-MODIFIED:20260613T050330Z UID:10006226-1814356800-1814356800@sc.cpa SUMMARY:(SSTX236/27) Surgent's Tax Planning for Rental Real Estate DESCRIPTION:Event Description\nThe taxation of real estate is tricky. Taxpayers can own real estate in a number of different ways\, including direct and indirect investments. There are numerous exceptions to being classified as a rental activity. How do you know if someone is a real estate professional? In this course\, we will explore all these issues and many more. Through real-world examples and discussion\, this course will delve into exceptions to rental status\, qualifications for material participation\, and requirements for active status. Additionally\, we will cover the QBI and Section 1237 safe harbors and touch on some planning ideas related to depreciation recapture. \nDesigned For\nAccounting and finance professionals who wish to know about the taxation of rental real estate \nObjectives\n\nUnderstand exceptions to rental status \n Identify the different types of depreciation recapture that apply to rental properties \n Recognize tax planning opportunities for personal and vacation properties \n Identify how the Section 1237 safe harbor may be used to avoid ordinary income tax treatment on divided land parcel sales \n\nMajor Subjects\nRental activities and passive activities Material participation Real estate professional status Active participation status Depreciation recapture – Sections 1245\, 1250\, and 291 Vacation homes rented out QBI deduction and rental properties Section 1237 safe harbor for divided parcel sales Practitioner considerations \nInstructions\nNone URL:https://sc.cpa/event/sstx236-27-surgents-tax-planning-for-rental-real-estate/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050335Z CREATED:20260612T223313Z LAST-MODIFIED:20260613T050335Z UID:10006227-1814356800-1814356800@sc.cpa SUMMARY:(SSTX100/27) Surgent's Fiduciary Income Tax Returns – Form 1041 Workshop with Filled-in Forms DESCRIPTION:Event Description\nThis course is designed as a comprehensive guide to the core concepts of trust and estate income tax preparation. The course explains the common terminology and complicated income tax rules of estates and trusts\, fiduciary accounting\, and an introduction to or refresher on preparing Form 1041. This practical\, over 300-page manual is an excellent reference source for your practice\, which begins with quite simple cases. Building upon that base throughout the manual\, the course ends with two complicated preparation cases\, one trust and one estate\, each with filled-in forms. \nDesigned For\nAccounting and Financial Professionals whose practice includes the preparation of fiduciary income tax returns \nObjectives\n\nBe aware of fiduciary accounting principles\n Calculate Distributable Net Income and the income distribution deduction \n Prepare Form 1041 and Schedule K-1 \n\nMajor Subjects\nClassifying receipts between income and corpus under the Uniform Principal and Income Act Calculation of DNI utilizing three different methods\, a forms method (Schedule B)\, a code method\, and a shortcut method\, utilizing a worksheet of common income and expenses Proper W-2 preparation and procedures in the year of death Taxpayer passes before taking a required minimum distribution; what must be done?; Forgetful fiduciaries of simple trusts Fluctuating trusts – Simple one year\, complex the next Dividing income in the year of death Overview of Subchapter J Form preparation issues – Filing requirements and line-by-line explanations of Form 1041 Taxable income of estates and trusts and expense allocation issues Specific deductions and miscellaneous itemized deductions Income in respect of a decedent The income distribution deduction calculation Relation of principal and income law to DNI Understanding how to handle capital gains and losses Allocating tax items to beneficiaries: another K-1 Other considerations: excess deductions on termination Comprehensive DNI case study\, with principal (cost and FMV) and income reconciliation Comprehensive trust and estate case studies\, with filled-in forms \nInstructions\nNone URL:https://sc.cpa/event/sstx100-27-surgents-fiduciary-income-tax-returns-form-1041-workshop-with-filled-in-forms/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050341Z CREATED:20260612T223313Z LAST-MODIFIED:20260613T050341Z UID:10006228-1814356800-1814356800@sc.cpa SUMMARY:(SSTX248/27) 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\n\nUnderstand the CPA’s role in the beginning of the transaction and throughout the process\n Identify the different tax consequences for various forms of acquired businesses\n Identify the tax consequences for sellers of various forms of businesses\, including the impact of the net investment income tax (NIIT) and the Section 199A pass-through deduction\n Appreciate Section 338 and Section 338(h)(10) elections and the benefits of installment sales\n Understand the impact of Section Section 751\, 743\, 734\, and 754 on the purchase or sale of a partnership\n\nMajor Subjects\nComprehensive coverage of the One Big Beautiful Bill Act An 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 – Section 338 and Section 338(h)(10) The impact of the Section 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 Section 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/sstx248-27-surgents-buying-and-selling-a-business-tax-and-structuring-overview/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050347Z CREATED:20260612T223316Z LAST-MODIFIED:20260613T050347Z UID:10006229-1814356800-1814356800@sc.cpa SUMMARY:(SSAA190/27) Surgent's Fraud Basics: Protecting the Company Till DESCRIPTION:Event Description\nThe focus of this course is reducing the overall risk of fraud. To that end\, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics\, as well as how the reactions of people in certain situations may impact the prevalence of fraud. The course will also explore the dark net and cryptocurrency fraud. \nDesigned For\nCPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source \nObjectives\n\nRecognize the prevalence of fraud\n Understand the ways an organization may unintentionally cause fraud\n Identify the costs of fraud\n Comprehend how the new COSO framework for internal control focuses on fraud\n Grasp the importance of an internal control environment\n Understand how people may respond differently to certain factors\n See that there are many layers involved in fraud defense\n\nMajor Subjects\nThe price of fraud – ACFE’s Report to the Nations and ancillary costs The current economy – microeconomics and analysis COSO internal control framework\, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale – shrinking the fraud triangle and employee motivation Why good folks go bad – interesting findings and red flags \nInstructions\nNone URL:https://sc.cpa/event/ssaa190-27-surgents-fraud-basics-protecting-the-company-till/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050407Z CREATED:20260612T223322Z LAST-MODIFIED:20260613T050407Z UID:10006230-1814356800-1814356800@sc.cpa SUMMARY:(SSAA195/27) Surgent's Avoiding Deficiencies in Peer Reviews: Focus on Engagement Quality DESCRIPTION:Event Description\nWith the AICPA’s heightened focus on enhancing audit quality\, increased oversight of the peer review process and the auditor’s overall responsibility to provide high quality services\, the focus on compliance with professional standards has never been greater. Add to that the requirement to implement the revised risk assessment standards (SAS 145) and it’s easy to see why it’s more important than ever to ensure that auditors have a good understanding of the requirements and comply with documentation standards. 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.The effective date for the AICPA’s Revised Quality Management Standards is fast approaching. Firms are required to implement the standards by December 15\, 2025. And the firm’s evaluation of the System of Quality Management is required within one year after that. This is not just a matter of tweaking the firm’s existing QM document\, the standard requires a risk assessment process to identify risk and there are new quality objectives that are specified in SQMS 1-3. The AICPA further issued a SAS\, SSARS and SSAE that set forth requirements for quality at the engagement level. The objective of the course is to provide the insights necessary to help auditors and accountants improve not just the quality of their work but also the perception of the accounting profession as a whole. We 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. We will address the new QM standards. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to improve engagement quality \nObjectives\n\nIdentify key elements of the AICPA’s Enhancing Audit Quality initiative\n Recognize changes in Quality Management standards\n Recognize key trends in recent peer review deficiencies noted\n Identify professional standards related to performing a risk assessment\, understanding and testing internal controls\, and linking these procedures to further audit consideration\n Implement best practices to help ensure overall engagement quality \n\nMajor Subjects\nAICPA’s Enhancing Audit Quality initiative Recent revisions to Quality Management standards Feedback from peer reviews\, including areas driving deficiencies in audit Elements of an effective risk assessment and how to link to audit procedures performed Understanding internal controls and making the decision whether or not to test them Best practices in documentation \nInstructions\nNone URL:https://sc.cpa/event/ssaa195-27-surgents-avoiding-deficiencies-in-peer-reviews-focus-on-engagement-quality/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050407Z CREATED:20260612T223329Z LAST-MODIFIED:20260613T050407Z UID:10006231-1814356800-1814356800@sc.cpa SUMMARY:(SSTX349/27) Surgent’s Weekly Expert Hour (Original Air Date: 8/22/24) 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 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. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nForms of stock-based compensation and their taxation Statistics concerning HSAs \, including average balance by household income Medicare changes in 2025 \nInstructions\nNone URL:https://sc.cpa/event/sstx349-27-surgents-weekly-expert-hour-original-air-date-8-22-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050408Z CREATED:20260612T223334Z LAST-MODIFIED:20260613T050408Z UID:10006232-1814356800-1814356800@sc.cpa SUMMARY:(SSOT158/27) Surgent's Professional Email Writing Basics DESCRIPTION:Event Description\nWritten business communication provides a structured\, documented\, and efficient way to convey information\, make decisions and collaborate across various business functions. It ensures clarity\, consistency\, and professionalism in all interactions.Well-crafted e-mails reflect positively on your executive presence. Mastery can enhance your reputation and credibility as well as lead to opportunities for career advancement.In this course\, you will learn how to incorporate strategies to articulate your ideas\, instructions\, and messages with precision. This reduces the likelihood of misunderstandings\, errors\, and confusion and provides a framework for your business success. \nDesigned For\nAnyone in the accounting or financial service professions who seeks to gain a better understanding of strategies to improve written communication in business. \nObjectives\n\nRecognize and identify habits that elevate every message\n Understand rules of email etiquette to enhance professionalism\n Know how to identify desired outcomes to match content and method of communication\n\nMajor Subjects\nCreate clear and concise email communication and utilize protocols that support and enhance your professionalism Best practices for excellent email etiquette Types of subject lines to avoid Subject line structure for maximum impact Creating effective greetings and sign offs When and how to use cc/bcc fields to avoid conflict and enhance connection Elevated out of office reply messages How to best convey the proper tone Avoiding common pitfalls How to handle misunderstandings and mishaps Examination of when to use text\, instant messaging\, or phone call instead of email Synthesizing ideas and using efficient methods of writing Creating concise email strings \nInstructions\nNone URL:https://sc.cpa/event/ssot158-27-surgents-professional-email-writing-basics/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044332Z CREATED:20260612T223409Z LAST-MODIFIED:20260613T044332Z UID:10006233-1814356800-1814356800@sc.cpa SUMMARY:(SSTX137/27) Surgent's The Complete Guide to Payroll Taxes and 1099 Issues DESCRIPTION:Event Description\nEmployment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business\, and IRS penalties for noncompliance have risen dramatically in recent years. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes\, Form 1099\, and related compliance issues. \nDesigned For\nCPAs in public accounting and industry with responsibility for payroll tax compliance \nObjectives\n\nDistinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees\n Understand what is needed to complete Forms W-2\, 1099-MISC\, 1099-R\, and SS-8\n Understand the gig economy and the payroll tax responsibilities associated with it\n\nMajor Subjects\nPayroll tax requirements for wages\, including wages subject to the .9 percent tax\, employee benefits and reimbursements\, nonqualified deferred compensation\, stock options\, and tips Fringe benefits issues\, such as health insurance\, life insurance\, cafeteria plan benefits\, accountable and non-accountable plans\, standard mileage rates\, and per diem rates Special issues — Using a common paymaster\, how to file W-2s after a takeover\, merger\, or acquisition\, and state and local tax withholding Statutory employees\, independent contractors\, and possible changes to Section 530 relief Penalties — Who is a responsible person? Expenses and gross-up calculations Pension issues and payroll taxes including SIMPLE plans\, and Section 401(k) and pension distributions The Electronic Federal Tax Payment System (EFTPS) Forms I-9\, W-9\, W-2\, 1099\, 1099-NEC\, SS-8\, and 940 Understanding payroll tax responsibilities in the gig economy \nInstructions\nNone URL:https://sc.cpa/event/sstx137-27-surgents-the-complete-guide-to-payroll-taxes-and-1099-issues/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T050408Z CREATED:20260612T223410Z LAST-MODIFIED:20260613T050408Z UID:10006234-1814356800-1814356800@sc.cpa SUMMARY:(SSTX224/27) Surgent's Understanding Partnership Taxation: Types of Basis\, Contributions\, and Distributions DESCRIPTION:Event Description\nCalculating partnership basis is one of the most important things that we do as practitioners. However\, it is also one of the most confusing. When we use the term “basis\,” we really could be referring to one of three different things. This course will explore the differences between inside basis\, outside basis\, and 704(b) basis. Through several examples and practice problems\, we will show you how to easily distinguish among these terms. We will also explore the tax implications of initial contributions of property to a partnership as well as the different types of partnership distributions. \nDesigned For\nTax practitioners who are looking to improve their knowledge of basis types\, the calculation of basis\, and the implications of making contributions to a partnership \nObjectives\n\nCalculate inside basis\, outside basis\, and 704(b) basis\n Recognize the concept of substantial economic effect\n List the three requirements that need to be present for an allocation to be deemed to have economic effect\n Calculate the reallocation of items of gains and loss under IRC 704(b) when a qualified income offset is present \n Recognize the tax effects of transferring cash\, property\, and services to a partnership\n Recall the tax effects of contributing assets that are encumbered by debt to a partnership \n List the key rules of thumb to remember when dealing with distributions\n State the ordering rules for calculating a partner’s tax basis\n Describe the key differences between liquidating and non-liquidating distributions\n Determine any applicable tax gains and losses of cash and property distributions\n State the ordering rules for hybrid distributions that involve both cash and property\n\nMajor Subjects\nThree different types of basis Contributions of property IRC 704(b) – Capital Accounts and Special Allocations Contributions of property and debt Contributions of services IRS Notice 2020-43 \nInstructions\nNone URL:https://sc.cpa/event/sstx224-27-surgents-understanding-partnership-taxation-types-of-basis-contributions-and-distributions/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T044336Z CREATED:20260612T223410Z LAST-MODIFIED:20260613T044336Z UID:10006235-1814356800-1814356800@sc.cpa SUMMARY:(SSAA104/27) Surgent's Auditing Property\, Plant\, & Equipment DESCRIPTION:Event Description\nProperty\, plant\, and equipment is present\, at least to some extent\, in virtually all audit clients. Auditing the area can be straight forward but when an entity is building machinery or equipment\, complexities arise. Property and equipment can also include right of use assets under lease agreements. This module will address assessing the risk of property and equipment\, internal controls that prevent and detect misstatements in property and equipment\, auditing techniques responsive to the assessed risk and disclosure. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.) \nDesigned For\nAccountants responsible for auditing property\, plant\, and equipment \nObjectives\n\nDiscuss audit risks related to property equipment \n Identify internal controls to prevent\, detect and correct misstatement in property and equipment\n Tailor an audit plan to respond to assessed risk of material misstatement\n Understand the key controls related to PP&E\n Describe and apply lease accounting requirements\n Test disclosures for completeness and compliance with GAAP\n\nMajor Subjects\nAssessing risk Internal control related to property and equipment Audit procedures for property and equipment Construction of assets including capitalizing interest Lease accounting requirements and disclosure of right of use asset Disclosure of property and equipment \nInstructions\nNone URL:https://sc.cpa/event/ssaa104-27-surgents-auditing-property-plant-equipment/ CATEGORIES:Self-Study Video END:VEVENT END:VCALENDAR