Beyond Tax: What Every Auditor Needs to Know About the Antio Case WEBCAST
Overview
The Washington Supreme Court’s Antio, LLC vs. Department of Revenue (Antio) decision has introduced significant uncertainty regarding the application of the Business & Occupation (B&O) tax investment deduction. (Learn more about this important case here.) What does this mean for auditors and accountants in Washington state? How does it affect investment income tax liability and financial statement disclosures? Will your clients be subject to this B&O tax for 2024 and prior years, and if so, for how many years?
Join us for an in-depth webcast with Aaron Johnson and Adam Cline, who will explore how to assess loss contingencies under ASC 450 in the post-Antio environment. Find out when to accrue or reserve for potential liabilities, dive into the timing of disclosures, and discover how to navigate the new complexities this ruling introduces.
Highlights
ASC 450. Antio v. Department of Revenue.
Prerequisites
None.
Designed For
Accountants, auditors, CPAs, and those that deal with financial statements.
Objectives
How to think through loss contingencies for ASC 450 related to post-Antio world. Determine when to accrue/reserve a potential liability. Determine when to disclose a potential liability.
Preparation
None.
Leader(s):
Leader Bios
Aaron Johnson, Shareholder, Tax Attorney & Professor, Ballard Spahr
Aaron is a partner at Ballard Spahr Lane Powell in Seattle, WA, where he co-leads the firm’s SALT team and represents multinational, U.S., and regional businesses in SALT matters including tax litigation, audit defense, appeals, planning and structuring tax efficient transactions. Previously, he was an experienced tax manager at PwC where he managed a multistate practice and tax controversies, a judicial law clerk, stockbroker and financial advisor, and an enlisted U.S. Army Soldier. He is the WA Bar SALT Committee Chair, a member of the Legislative and founder of the Tax DEI committee; on the ABA SALT Executive Committee; and teaches tax at UW School of Law. He previously taught corp. tax at UW Foster and fed. tax at SPU (20-21 prof. of the year). Aaron is an appointed member of the WA DOR’s Business Advisory Council and an advisory member to the Assoc. of WA Bus. (AWB).
Adam Cline, Moss Adams LLP (Consulting Group)
Adam has provided state and local tax services for public and privately held clients since 2005. He assists clients with multistate nexus and sales and transaction tax analysis for purposes of planning, risk mitigation, voluntary disclosure, tax engine implementation, and controversy representation. He also assists clients with refund claims, administrative appeals, private letter rulings, state and local tax aspects of M&A transactions, and more.
Adam has a deep working knowledge of multistate taxation of telecommunication services, information services, internet access, VoIP, wireless, SaaS, PaaS, IaaS, and licensed software. He also assists clients with multistate income and franchise tax issues, including but not limited to state tax return review, structuring and planning, voluntary disclosure, controversy representation and administrative appeals, and refund claims.
Non-Member Price $70.00
Member Price $60.00