Taxes

During this course, CPAs will be educated on the different rehabilitation credits that South Carolina offers that can be used by individuals, corporations, and partnerships to reduce their state tax liability. We will walk through a project example to learn how the credits are properly earned. The course will also provide an overview of credit syndication and how different entities can take advantage of this offering. Discussion Leader: Matt Zackon

To keep pace with the evolving tax profession, the updates to the AICPA’s Statements on Standards for Tax Services (SSTSs) will guide tax practitioners into the future and help them enhance their services and maintain their professional edge. Learn more about the goals, timeline, and FAQs for the proposed revisions. Discussion Leader: Ian Redpath

Tax law and rules for compliance can change and require the practitioner to know the change in order to provide the best service to a client. The monthly “Nugget” includes information on court decisions and IRS rulings our experts know should be shared with the client depending on you to avoid trouble and to take advantage of opportunities for reducing the tax bill. Discussion Leader: Ian Redpath

Beginning on 01/01/24, many companies in the U.S. will have to begin reporting info about their beneficial owners (the individuals who ultimately own or control the company). Most of our clients must report, else face monstrous penalties for failure to do so.

The rules create a beneficial ownership information reporting requirement designed to make it harder for bad actors to use shell companies to hide their ill-gotten gains. Our clients are not bad actors, nor are their tax representatives (you and me).

However, we legitimate tax advisors and our clients have major new problems on our hands if we don’t learn the new rules and react intelligently in response. There’s no hiding our heads in the sand on this one. Discussion Leader: Bradley Burnett

Part 1 of 2: This course is essential for the tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 complexities for the 2023 tax year.

Stay up to date with the ever-evolving realm of individual income taxation in this essential course tailored for tax practitioners seeking to enhance their knowledge. This course offers an in-depth review of the complexities surrounding Form 1040 for the current tax year. Delve into the recent changes and updates within the tax code, providing you with a comprehensive understanding of the shifting tax landscape. Discussion Leader: Art Werner

Tax Knowledge Nuggets- Performing a State Nexus Study remains one of the best risk management and state tax planning tools for businesses. In this session we will outline a comprehensive 4 phase approach, including the how’s and why’s, to performing a State Nexus Study for key state taxes: income & franchise, sales & use, and gross receipt taxes. Discussion Leader: Jeremy Migliara

A comprehensive 2023 Income Tax update, multiple topics, multiple speakers. Be incredibly prepared for tax season. Discussion Leaders: Brian Goodhart, Denise Appleby, Larry Pon, Geoff Cover, Hale Sheppard and Art Werner

The Corporate Transparency Act, which goes into effect on January 1, 2024, will require many legal entities to report the structure of their ownership. Accountants, attorneys, and other advisors need to understand the reporting requirements to advise and assist their clients with the filings. Discussion Leader: Verne McGough

The Statewide Education and Workforce Development Act established new requirements for employers to provide additional data to the Department of Employment and Workforce (DEW). DEW’s Assistant Executive Director for Unemployment Insurance discuss these changes and explain how they will benefit employers. Discussion Leader: Paul Famolari

Federal tax compliance is required for a successful business. Many say the tax law is complex. That is, no doubt, true and that complexity is increased by constant changes: the IRS, Tax Court, Congress . . . all making and interpreting tax rules. You must keep up with those changes in order to be a valuable advisor to your clients. Discussion Leader: David Peters