Partnerships and LLCs involve unique problems that require careful attention. This course covers selected critical tax issues that practitioners need to know when working with partnerships and limited liability companies, with a focus on planning opportunities and pitfalls. 

Learning Objectives

• Identify and distinguish guaranteed payments and distributive shares 

• Understand the relationship between capital account maintenance and outside basis adjustment 

• Define various kinds of partnership liabilities and explain the tax consequences of each 

Major Topics

• Coverage of important provisions of The SECURE 2.0 Act and Inflation Reduction Act 

• Self-employment tax issues: what you can and cannot do 

• Capital accounts: book vs. tax issues 

• Determining basis: key issues and technical analysis in calculating basis 

• Dealing with debt: recourse, nonrecourse, and why it matters 

• Guaranteed payments, distributive shares, and draws: understanding the difference 

Designed For

Accounting and Financial Professionals who wish to gain a more in-depth understanding of LLC and partnership tax law 

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.

This session revisits managerial accounting techniques that you may not have considered for many years, even though they could be invaluable for CPAs in both business and public accounting. You will appreciate a fresh perspective of concepts you may not have considered since your college days. We will illustrate concepts with practical examples that you can immediately bring back to the office! 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:

• Target profit analysis
• Break-even analysis
• Relevant costs and decision-making
• Standard costs and variances
• Activity-based costing
• Segment reporting and analysis

Who will benefit:

Accountants who have not recently considered managerial accounting techniques and proficient managerial accountants who desire fresh, practical illustrations of managerial accounting analysis and related decisions.

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

NOTE – This ethics course has not been approved by the Accountancy Board of Ohio therefore does not count towards your mandatory 3 Hours of Professional Standards & Responsibilities credit per renewal period. This course does count towards your 120 CPE Hours.

Ethics is ultimately about our relationship to ourself, others, and the world in which we live. Therefore, to enhance our relationships with those around us, we must first start with the regard we hold for ourselves. From an ethical vantage, it can be said that we have a moral obligation to work toward self-love, honor, and respect. Matters of self-esteem are important in every aspect of life including goal setting, relationships, establishing boundaries, handling conflict, levels of productivity, and expressing our needs in respectful and dignified ways. This course explores traps of low self-esteem and ways to minimize those traps. We also explore components of high self-esteem and actions to foster higher regard for self. 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:

• Self-Esteem:
  What is it?
• Belief systems
• Benefits of High Self Esteem
• Minimizing traps of low Self Esteem
• Components of High Self Esteem

Who will benefit:

All those who wish to be kinder to themselves

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

Many people that use Microsoft Excel know a great deal about the functionality of the application. There are, however, a tremendous number of hidden tools that a high percentage of users overlook. Additionally, there are newer features that some have not had the opportunity to explore. This session shows some of the numerous time-saving tools and features that often go unused by spreadsheet creators. People that wish to become more efficient when using Excel should take this session! 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 course include:

• The power of keyboard shortcuts
• Oft used features with more capability than meets the eye
• New helpful features

Note:
This session is taught using Hands-On methodology. We provide practice files that tie to the examples in the course materials so participants can undertake all the steps in unison with the instructor.

Who will benefit:

Accounting and other business professionals that work in Excel who want to become more efficient with the application.

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

Supervisor Skills - Coaching Staff to Stay on the Right Track provides tips and techniques for critical coaching responsibilities. Being a successful coach requires tackling various responsibilities, including motivating, providing positive and constructive feedback, and otherwise getting the best performance out of engagement team members in the given situation. Note:
This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has responsibilities for coaching others. 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 course include:

• Different ways to appropriately motivate others for performance, including nonmonetary awards
• Modifying coaching style to the various specific situation, considering both task and relationship factors to give staff the support they need for success
• Tips for engaging in difficult conversations with others, including staff, peers, supervisors and clients
• Giving constructive negative feedback to staff, including creating an action plan for improvement

Who will benefit:

Accountants with responsibilities for coaching staff for higher performance on audit engagements

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

This Masterclass is a one-hour training to show accountants how they can grow their practice this year through CFO and business advisory services. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Who will benefit:

Accountants, CPAs, bookkeepers, and enrolled agents.

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

Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients? Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients We use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities as a result of the latest tax legislation, including the SECURE 2.0 Act, and IRS guidance.

Learning Objectives:

· Identify important tax considerations for the small business at each stage of its life.

· Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.

· Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders.

· Recall the tax implications of contributions by new investors to a corporation and partnership.

· Identify the benefits and structures of buy-sell agreements for small business owners.

Who will benefit:

· Tax professionals with small-business 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.

NOTE – This ethics course has not been approved by the Accountancy Board of Ohio therefore does not count towards your mandatory 3 Hours of Professional Standards & Responsibilities credit per renewal period. This course does count towards your 120 CPE Hours.

If you have ever had someone just read you the rules in an ethics class, you know there is a better way. Cases in Corporate Ethics reviews 10 real life cases and puts you in the position of someone in the middle of it all. You'll learn about conflicts that corporate financial professionals often encounter, you'll gain skills for dealing with a boss who is behaving badly and find out where to go for help. Once you have studied ethics using real world cases, you'll never want to do it any other way. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

We introduce new case selections to this seminar every year. Past cases have included these issues:

• Can you protect the public interest without violating our profession's confidentiality rules?
• How can a corporate world CPA get in trouble with their board of accountancy?
• Is a culture of fear and intimidation particularly susceptible to corporate fraud?
• How can using the CPA credential get a corporate accountant in trouble?
• Is exaggerating your CPE hours a violation of our professional codes of conduct?
• What are your options when your employer is clearly breaking the law?
• Does any legislation provide effective Whistleblower protection?

Who will benefit:

Corporate Financial Professionals

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

This course describes how cyber attacks through impersonation are conducted. It also provides practical advice and recommended security controls to implement, reducing the likelihood and impact of an impersonation cyber attack. 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:

• Impersonation techniques used to launch cyber attacks
• Cybercriminals' focus:
  stealing financial assets and intellectual property
• Practical advice on controls to implement to reduce victimization from impersonation cyber attacks
• Practical advice to reduce the impact of a cyber attack

Who will benefit:

Everyone should attend this to help avoid becoming a victim of an impersonation cyber attack

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

This course provides an update of the recent changes that have occurred in the financial reporting frameworks commonly used by small and medium-sized entities (SMEs). Troublesome areas in these financial reporting frameworks as identified in peer reviews and litigation will be highlighted. 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:

• Amendments to the U.S. Accounting Standards Codification (i.e. - U.S. GAAP) issued during the 18-month period prior to the program that impact SMEs
• Update and review of the tax and cash special purpose frameworks
• Update and review of the AICPA Financial Reporting Framework for SMEs
• Update on common errors and deficiencies as identified in financial statements as identified in peer reviews and in litigation

Who will benefit:

This course is designed for practitioners in private business and public accounting who need to update their knowledge of the accounting standards issued during the past year that affect the preparation of financial statements of small and medium-sized entities.

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