CPE & Event Catalog

Classifying 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. 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. 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.

Incentive Compensation Plans That Incentivize: Incentive plans can influence behavior, but do they effectively drive the performance we desire? This seminar will explore why incentive plans work and why not. We will also discuss challenges like setting limits on incentives and recognizing performance across different divisions. Corporate Governance Best Practices: Balancing financial responsibilities with sound governance and ethical leadership can be challenging, particularly for smaller organizations. We will cover the essential skills for leading with accountability, setting high ethical standards, and engaging effectively with the Board. Developing a Great Internal Audit Department: How can we enhance our Internal Audit department and increase its value? What metrics should we track, and what key elements are essential for success? A modern Internal Audit department pays for itself, and this course will help you maximize its value. Ethical Decisions Making Made Easy: Ethics can be complex, but developing strong decision-making skills is essential in today's pressured environment. This course offers a clear framework for navigating ethical dilemmas, helping you make confident decisions, uphold your integrity and maintain your license. Remember, ethics is not just about meeting requirements; it reflects who we are and our core values.

Control design basics. Areas or segments of an enterprise to control. Controls to reduce risk. Controls to drive operations.

Important new tax cases. Legislative update (including Tax Cuts and Jobs Act extension). New administrative releases including revenue rulings, revenue procedures and notices.

Important new tax cases. Common circumstances that result in S corporation terminations (including how to fix mistakes). A new case from the Tax Court on an S corporation that triggered large gains from constructive distributions. Legislative update (including Tax Cuts and Jobs Act extension). New administrative releases including revenue rulings, revenue procedures and notices.

Criteria that the IRS uses to select returns for examination. Substantiation requirements for travel, charitable contributions, vehicles, meals, virtual currency considerations and tax-related identity theft. Understanding worker classification determinations on who is an employee and who is an independent contractor. Distinguishing S corporation officer's reasonable compensation issues. How the IRS holds persons other than an employer liable for unpaid payroll taxes.. Tax-related identity theft procedures.

Utilizing your team - your whole team. Your company, your experts - your resources. Maintaining relationships with key external parties can be your secret weapon. Building key connections - who, how, and when. Making critical decisions timely. Translating data analytics into what matters. Knowing when to delegate. Gaining knowledge efficiently. Deciphering what to learn. Determining the questions to ask. Becoming the Chief Value Officer. Communicating what drives value. Understanding risk.

R&D credits. Section 179D. Section 45L. Cost segregation.

SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services. SSARS No. 22, Compilation of Pro Forma Financial Information. SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services 2018. SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Sample comprehensive engagement work programs for preparation, compilation, and review engagements.

Scope of FASB ASC 7 40, Tax positions, including uncertain tax positions. Deferred tax assets and liabilities. Permanent and temporary differences. State and local tax accounting. Valuation allowances. Financial statement presentation and disclosure.

Types of trusts. Trustee powers. Recognition and realization of income. Elements of an estate. Taxation of trusts and estates. Basic concepts of estate planning.

The implementation of GASB No. 101 on compensated absences. The 2025 application of GASB No. 102 regarding certain risk disclosures. GASB No. 103 addressing improvements to the financial reporting model. Additional recently issued GASB standards and projects.

Alternative valuation date. Portability and its role in estate tax planning. Installment payments of estate taxes. Use of QTIP elections under IRC Schedule 2056(b)(7). Qualified disclaimers and their benefits. Basis issues in postmortem planning. Decedent's final income tax return and payment of estimated taxes. Managing medical expenses and administrative expenses efficiently. Sixty-five-day rule election. Income and deductions in respect of the decedent (IRD) and its implications.

Preparing a valid Appeals Protest for small case requests when tax, penalties, and interest for each period are $25,000 or less. Writing and filing a Formal Protest, including required information. Alternative Dispute Resolution options available to clients. Negotiation and time limitations. Preparing and submitting a Tax Court petition to preserve a client's rights.

Key differences between federal reported capital gains and Washington taxable capital gains, the tax and pass-through entities, deductions, credits, tax compliance, penalties and penalty abatement, and anticipated changes at the state and local level.

Recent fraud cases. Common fraud schemes perpetrated by those within and outside victim organizations. Consider the lessons learned. Best practices to further our fraud prevention.

Lease classification. Amortization of the leased asset. Derecognition of the underlying asset. Recognition of lease receivables. Lease modifications. Sale and leaseback transactions.

CFO advisory services.

Washington State statute and rules Update for 2025.

Narrow-scope accounting standards updates. Financial instruments and leases. FASB exposure drafts and projects. Exposure drafts of new auditing standards. Preparation. compilation. and review engagement updates.