Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders. Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.

Learning Objectives:

· Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.

· Calculate gain and loss on the distribution of property.

· Identify the rules concerning fringe benefits received by S corporation shareholder-employees.

· Apply the corporate reorganization rules to S corporations.

· Calculate the tax effect of a redemption of S corporation stock.

· Apply the rules relating to Qualified Subchapter S subsidiaries.

Who will benefit:

· Managers and partners in public accounting firms

· CPA sole proprietors specializing in taxation of S corporations

· Tax planning professionals

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

Comply With All Standards As You Prepare, Compile and Review Engagements

This webcast is a go-to reference for staying in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs).

Learning Objectives:

· Recall scope and definition of preparation, compilation and review engagements.

· Identify elements and performance and documentation requirements of preparation, compilation and review engagements

Who will benefit:

· CPA firm staff

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S corporations, as well as discuss the tax accounting for these entities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Review the Accounting Standards Codification, OCBOA/Special Purpose Frameworks, and AICPA financial reporting framework and their application to partnerships, LLCs and S corporations
• Financial accounting issues arising from changes in ownership
• Financial vs. tax accounting for partnership/LLC capital accounts
• Section 704(b) substantial economic effect rules and their relation to financial accounting
• The integration of financial accounting with Forms 1065 and 1120S
• Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests
• Deferred tax accounting for partnerships/LLCs and S corporations
• Financial accounting for the operations of a partnership/LLC
• Financial accounting impact of the C to S election and the S to C election
• Financial and tax accounting for S corporation shareholder equity and partner capital accounts
• Financial vs. tax accounting for loans to and from S corporations and their shareholders

Who will benefit:

CPAs working with partnerships and LLCs and members in business and industry seeking to keep their knowledge current.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

The process of closing out the books every month can make year-end accounting a breeze! But isn't this time consuming? Not when you know the steps to take on a monthly basis. We'll show you what to do in QuickBooks Online as well as what you can do monthly to ensure a tax return that will stand up again an IRS audit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• The beginning steps to evaluate, close out and clean up QuickBooks Online files monthly and at year-end for accurate reporting and tax return preparation.
• Learn why substantiating the numbers in QuickBooks Online on both the Profit & Loss Statement, as well as the Balance Sheet can ensure an accurate tax return that will stand up against an IRS audit.
  

Who will benefit:

CPAs and Accountants

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Most accountants use Excel to help them make decisions about their data. However, as the amount of data grows, it becomes difficult to make strategic decisions based on rows and rows and columns and columns of data. In this course, you will learn how to build robust dashboards for analyzing key metrics in Excel. We will begin with some dashboard design guidelines, such as understanding your audience and identifying necessary metrics. Then, we will work through importing data, setting up calculated fields and columns, and creating key performance indicators (KPIs) for the dashboards. You will learn how you can add charts and eye-catching visuals with Power View, in order to make your dashboards easily understood. This session is presented using Excel 2013. Regardless of the version you are using, ALL concepts covered in this course apply to ALL versions of Excel. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Dashboard design guidelines
• Setting up a Data Model
• Creating calculated fields and columns
• Creating KPIs
• Adding a linked table to the data model
• Creating PivotTables and PivotCharts
• Adding Power View visualizations
• Reviewing the completed dashboard
  

Who will benefit:

Anyone who wants to use Excel to make strategic decisions

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

If you supervise preparation, compilation, and review engagements, this course is designed to assist you in adhering to professional standards, informing you of the latest developments and pertinent issues relevant to these engagements. Gain insights into the U.S. business economy, peer review practices, FASB updates, and various aspects that influence preparation, compilation, and review engagements.

Learning Objectives:

· Identify key economic factors and accountant’s responsibility for fraud.

· Recognize recent SSARSs, accounting, and reporting developments.

· Identify the professional standards and risk factors relevant to the performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.

Who will benefit:

· CPA firm seniors (and above) managing engagements performed in accordance with SSARS Prerequisite

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting, and recent developments. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• A deep-dive look at the Section 199A flow-through entities deduction
• Calculation of qualified business income
• Application to rental real estate - "safe harbor" rule and aggregation rules
• Self-rental rule for 199A compared to self-rental rule for passive activities
• Differing impact on the sole proprietorship, partnerships and S corporations
• Forms reporting in Form 8995 and Form 8995-A
• 199A flowchart

Who will benefit:

CPAs in public practice and industry seeking an update on the latest tax developments impacting the flow-through entities deduction.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This session provides an overview of compilation, review, and audit engagements. We will explore major considerations regarding each type of engagement in addition to contrasting and comparing these three major professional services provided by certified public accountants. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this class include:

• Review of differences of compilation, review and audit engagements
• Compare and contrast major considerations of each type of engagement
• Provide practical tips and strategies
• Professional standards that govern each type of engagement

Who will benefit:

CPAs in public practice.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Save by purchasing the 2-Day bundle under the Bundles & Subscriptions & Donations tab.

Come one, come all to OSCPA's Greatest Accounting Show! Join us under our virtual big top, where you'll gain jumbo-sized knowledge from our jackpot of excellent speakers!

Significant challenges always present opportunities to rethink the future. The Accounting Shows are your path to success! Join us for a virtual accounting show where you can select a track or mix it up across more than 40 sessions at the largest, most comprehensive learning opportunity of the year.

And you know what they say—the larger the group, the bigger the discount!

• 5-9 attendees = 10% off
• 10+ attendees = 20% off

Call Member Services at 614.764.2727 to register your group.

Basic, but not boring

Newcomers to tax return preparation are exposed to the many topics that encompass individual taxation. Topics, discussed in an approachable format, include:

- Filing requirements and dependents

- Gross income inclusions and exclusions

- Adjustments to income

- Standard and itemized deductions

- Refundable and nonrefundable tax credits

- Tax computations

- Penalties

Taking advantage of present opportunities for your clients' future

Tax planning involves understanding a client's current situation to anticipate areas of future tax savings. You’ll review common individual tax planning topics to better help clients prepare for their future.

Decoding recent legislative changes for individual taxpayers

You’ll be able to provide your clients with the most current tax planning and tax-saving strategies for their tax plans. This course is updated for recent IRS guidance and legislation, including:

- IRS revenue procedures and notices

- SECURE 1.0

- SECURE 2.0

- Inflation Reduction Act

Learning Objectives:

· Identify individual retirement account (IRA) and qualified plan distributions.

· Recognize the taxation of virtual currency.

· Recall how health savings accounts (HSAs) work.

· Recall the self-employed health insurance deduction.

· Recall the deductibility of charitable contributions.

· Recall the steps to figuring the qualified business income deduction under Section 199A.

· Recall the net investment income tax (NIIT) on unearned income.

Who will benefit:

· CPAs working with individual tax clients

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.