The Internal Revenue Code is just a different world! While most business school graduates learn basic GAAP or IFRS accounting principles, the tax world feels very foreign - because so many rules are different. For example, how do you depreciate assets if we don't estimate their useful lives? Also, when do we need to file...
The 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, too. How do you know if someone is a real estate professional? In this course, we will explore all these issues...
One of the most difficult things for any practitioner to learn is how to communicate financial information to non-financial people. In order to climb the ladder of success and thrive as a practitioner, it is imperative to learn this skill since we are often being asked questions and providing information to people who are unfamiliar...
How do I know if I am right? This is a common question among accountants after they get done closing out the month. Even after the last journal entry is entered, what may not be apparent is how the financial statements fit together. In this course, we will be exploring basic financial statement information, including...
Debt is a common aspect of nearly every business in every industry. It allows companies to grow and expand. It also can increase rates of return for investors. For this reason, it is scrutinized very closely by stakeholders, so it is important for practitioners to get it right! In this course, we will be focusing...
Sales are a part of any business. Whether you are selling a service or a product, it is important to understand the various accounting components of the sales process to help keep financial statements and accounting reports accurate and useful. However, the accounting entries vary based on whether you are using the cash or accrual...
Attendees will leave with a clear, actionable approach to developing or strengthening a security program that is appropriate to their firm's size and complexity and can be supported with consistent documentation and review practices.
The regulatory world is complex for financial advisors. Not only are you subject to SEC and FINRA regulations, but also what the IRS does as well. Clients expect you to be on top of what is happening in the world of investing, insurance, and taxes. It is not enough to just know the code section...
Having sufficient assets to live a comfortable and secure retirement is one of the concerns that many people face. This concern cannot be resolved without having a solid retirement plan. In this course, we will discuss the foundation of most people's retirement planning - qualified plans. We will discuss the types of qualified plans, how...
When a new business is formed, there are a lot of questions. What is the most tax-advantageous way to structure the entity? What issues do we need to be aware of? How should owners pay themselves? For corporations, these questions are even tougher since they are regulated so heavily. In this course, we will discuss...
In more recent times, the tax profession has become more engagement letter driven. While engagement letters seem to get longer each tax season, it is sometimes difficult to know when they are required and when they are not. Can I answer a quick question from a client without an engagement letter? What happens if a...
Corporate taxation can be complex—but understanding it is essential for practitioners who advise business clients. This course provides a focused, practical review of three key areas that frequently arise in corporate tax planning and compliance: corporate tax credits, stock redemptions and dispositions, and the Corporate Alternative Minimum Tax (CAMT). In this course, we will examine the...
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