AUDIT Analytical Procedures Workshop Analytical procedures (APs) are utilized for different purposes and can be the most cost-efficient of accounting procedures. Interestingly, they are the least utilized, and efficiencies are lost. Understanding the types uses, and purposes are misunderstood by many accountants, as evidenced by continual peer review deficiencies. This course is a must for […]

TAXES - NFP Introducing Tax-Exempt Organizations - What's the Purpose of it All he three most important principles to remember about tax-exempt organizations are: Purpose, Purpose, and Purpose. An organization desiring to be exempt from regular income taxation must have a tax-exempt purpose that corresponds with those listed in the Internal Revenue Code; it must […]

Specialized Knowledge Day -- IN-PERSON Event Time:  8:00am - 12:00pm Place:  Holiday Inn Executive Center, 5565 Greenwich Road, Virginia Beach, VA AGENDA  TBD Registration ends November 13, 2024 Space is limited to the first 150 participants, please register early! Members:  Free          Non-Members:  $75          Vendors:  $125 Members, If […]

TAXES New Businesses - Advising Clients on Related Tax Issues One of the biggest tax mistakes made by businesses involves the selection of an inappropriate entity type or not properly handling the rules that apply to allow certain structures to be formed tax free. Should a client be a corporate tax entity? Is it possible […]

TAXES Schedules K-2 and K3 - Why Even Partnerships and S Corporations with No Foreign Activities or Members In early 2021 the IRS posted updates to the instructions for the new Schedules K-2 and K-3 for partnerships and S corporations that pointed out that most entities with no international activities or foreign equity holders will […]

TAXES SECURE Act 2.0 - Provisions Impacting Employers This course reviews and analyzes the provisions of the SECURE Act 2.0 that primarily impact employers sponsoring employee retirement plans. These provisions include changes to plan features, provisions that encourage employee participation, and provisions that improve or simplify plan maintenance requirements. The course also includes a discussion […]

Virginia's Regulatory Landscape for CPAs Regulatory Ethics serves both the public as well as our own collective interests.  Accounting practitioners are commonly referred to by our clients as their “most trusted advisor”.  However, that description can only be earned when our professional foundation is rooted in ethical behavior. This session provides learners with an essential […]

TAXES-NFP Tax Exempt Organizations - Operating, Organizing, and Preparing Forms For tax-exempt organizations, it is not about calculating income tax. It is about showing to the IRS at inception and annually that the organization is entitled to be classified as a tax-exempt organization because of its purpose as reflected in its management and activities. Exempt […]

AI Ethics 2024: Balancing on the Tightrope Gain an understanding of generative artificial intelligence (AI), distinguish between risks and benefits of this emergent technology, and be better equipped to identify opportunities and determine policy around AI into the future. Throughout the course, delve into a range of critical topics analyzing real-world case studies and engaging […]

TAXES-NFP Tax Exempt Organizations - Planning and Compliance for Tax Matters Tax-exempt organizations are subject to a variety of complex tax rules and can be exposed to penalties if their everyday operations are not carefully monitored. The IRS is expanding audit coverage of all types of exempt organizations, concentrating on “governance” issues. This program addresses […]