Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.

Learning Objectives

• Understand how the strategies and techniques in business-related tax planning are modified for pass-throughs

• Understand the special problems when transactions involve the business, its investors, and related businesses and individuals

Major Topics

• Timely coverage of breaking tax legislation

• Tax consequences of retiring partners seeking liquidating distributions/redemptions and S corporation shareholders seeking the redemption of their shares

• At-risk and passive activity loss considerations

• Basis planning

• Related party transactions: making them work

• Income splitting and shifting with family can create considerable benefits

• Sale of ownership interest and NIIT considerations

Designed For

All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies

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.

MEGA Tax is one of the only places to get updates on how the ever-evolving tax landscape affects individuals and businesses in Ohio, as well as at the federal level. Hear from tax leaders and connect with peers to create a comprehensive plan for this coming tax season.

This is a customizable conference—build your own unique learning path across 4 tracks on both days, including:

- Federal Tax

- State & Local Tax

- Planning Strategies

- Tax Essential Skills (perfect for tax professional fresh in their career)

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.

MEGA Tax is one of the only places to get updates on how the ever-evolving tax landscape affects individuals and businesses in Ohio, as well as at the federal level. Hear from tax leaders and connect with peers to create a comprehensive plan for this coming tax season.

This is a customizable conference—build your own unique learning path across 4 tracks on both days, including:

- Federal Tax

- State & Local Tax

- Planning Strategies

- Tax Essential Skills (perfect for tax professional fresh in their career)

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.

Do more than check the compliance box! Strengthen core financial accounting, audit and assurance, tax, and ethics competencies at CORECon 2024, where you'll engage in next-level learning with national, state and local thought leaders.

Get the latest updates on:

- Financial reporting and auditing

- State and local tax developments including a legislative update

- Professional standards and responsibilities (ethics)

- The economy and what's ahead in 2024

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.

This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals.

Learning Objectives

• Help clients determine how much retirement income is necessary for the desired retirement lifestyle

• Identify resources available for retirement

• Understand how to build the three-legged retirement stool: employer retirement, savings, and Social Security

• Develop Plan B when the ideal retirement goal is not achievable

• Explain ways that clients can convert the equity in a home to retirement income

• Explain how the value of a small business can be converted to retirement income

• Explain survival possibilities and how first-to-die and last-to-die survival probabilities are used in retirement planning for married couples

• Understand timing regarding the use of taxable retirement funds and nontaxable funds, and strategies to minimize income tax on Social Security

• Recognize the role of various investment types, such as life insurance, annuities, mutual funds, equity holdings, and bonds in retirement planning

• Summarize key points of recent research on the sustainability of retirement income and maintenance of desired retirement lifestyles

Major Topics

• Retirement planning using variables such as desired lifestyle, travel plans, housing plans, medical needs, and family needs to customize a retirement plan unique to the client

• Using the residence and other real estate as retirement assets through equity and rent

• Using the small business as a retirement resource through creative retirement plans, non-qualified deferred compensation, and converting the value of the business through sales within the family or to an outside party

• An overview of portfolio management for retirees, including: sustainable portfolio withdrawal rates; balancing investments between income and equity, and taxable and nontaxable; and asset liquidation and distribution timing to minimize the tax impact of retirement distributions and maximize cash flow from retirement vehicles and Social Security

• Developing a three-legged retirement stool of employer retirement, savings, and Social Security, and timing the use of the legs of the stool to maximize after tax retirement benefits

• Analysis of the most current/important research on retirement planning and sustaining retirement income levels and lifestyles and the impact of the most recent tax laws, regulations, and rulings

• Planning with the new retirement provisions of SECURE Act 2.0

Designed For

CPAs looking to advise clients on retirement planning, and CPAs looking for effective strategies for their own retirement

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.

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a detailed review of SAS No. 145 and brings you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help apply the guidance in practice and discusses other important practice matters to be aware of, including an update on peer review and audit quality.

Learning Objectives

• Recall and apply recently issued and proposed FASB and AICPA pronouncements

• Recall and apply guidance from ASC Topic 842, Leases

• Understand SAS Nos. 142 and 145

• Identify other important A&A practice matters to be aware of

• Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material

Major Topics

• Recently issued FASB Accounting Standards Updates, the PCC Update, and items on the FASB’s Technical Agenda

• Leases – Topic 842

• Review of SAS No. 142 – Audit Evidence

• Recently issued SASs and other AICPA activity

• Detailed review of SAS No. 145

• Other important A&A practice matters

Designed For

Accounting and attestation practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

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.

The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. These provisions combined with the potential for input error when utilizing the array of income tax software available, create the potential for a multitude of errors that can occur when preparing your client’s tax return.

Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. Sharpen your reviewing skills by examining case studies discussing issues for which additional information from the client may be warranted, and areas of tax law that require additional analysis and information. 

Learning Objectives

When you complete this course, you will be able to:

• Identify potential errors or omissions of information on tax returns.

• Recognize planning opportunities for your clients based upon information reported on a tax return.

• Determine the proper tax treatment for certain rental property activities.

• Determine the proper tax treatment for various start-up costs by a new business.

• Recognize some potential issues surrounding the qualified business income deduction and certain service businesses.

• Determine proper tax return reporting of a like-kind exchange transaction. 

Major Topics

Common errors made involving the following tax topics:

• Section 199A qualified business income deduction

• Home office

• Hobby losses

• Self-employment health insurance

• Business start-up costs

• Depreciation

• Unreported income

• Schedule C issues

• Like-kind exchanges

• Self-employment tax

• Sections 1202 and 1244 stock

• Charitable contributions of property 

Designed For

CPAs working with clients requiring expertise in individual income taxation for the current tax season

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.

Tune in to OSCPA's Town Hall Series where you'll get the lowdown on today's hottest topics, late-breaking regulatory news and information on OSCPA initiatives that are shaping the profession. Hosted by OSCPA President & CEO Scott D. Wiley, CAE, the Town Hall Series also features guest speakers who will share their insights and perspective on the emerging issues that need to be on your radar. Get interactive as we offer up quick polls to gauge your thoughts on the content presented. You'll also have a chance to weigh in during a Q&A session at the close of each Town Hall. And you'll earn 1 credit of complimentary CPE for each Town Hall you attend. Members tell us it's the best investment of 60 minutes.

Due to IRS issue focused examinations, Accounting and Finance Professionals need to understand what types of returns are selected for examination and ways to help clients survive an IRS audit with little or no change. As a result of issue focused examinations, Accounting and Finance Professionals must understand what the high audit risk area issues are and what the IRS is focusing on when a return is examined. In addition, because tax-related identity theft is a common issue for many taxpayers, it is critical for Accounting and Finance Professionals to understand the procedures necessary to resolve this matter for their clients.

Learning Objectives

• Understand the IRS process for selecting returns for examination

• Identify the types of returns the IRS is examining

• Understand the hot examination issues that the IRS is focusing on to help clients reduce their exposure to additional tax assessments

• Determine if your client is a victim of tax-related identity theft and the procedures to use to resolve strategies for dealing with IRS examiners and presenting your clients’ tax positions in the best light possible

Major Topics

• Coverage of the Inflation Reduction Act of 2022

• Criteria that the IRS uses to select returns for examination

• Vehicles, meals, and virtual currency considerations

• Worker classification determinations on who is an employee and who is an independent contractor

• S corporation officer’s reasonable compensation issues

• Responsibilities to pay the employment taxes when the business defaults

• Tax-related identity theft procedures

Designed For

Accounting and Finance Professionals in public practice who prepare tax returns and represent their clients on IRS examinations

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 course provides a detailed discussion on the key topics related to financial reporting, though in a summarized format. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot button accounting issues, such as what is on the FASB’s technical agenda. This course is the place to go for a succinct but thorough update on the big topics impacting financial accounting and reporting.

Learning Objectives

• Be aware of recent private company standard setting activities

• Review the latest FASB Accounting Standards Updates (ASUs)

• Understand the new lease accounting guidance found in Topic 842, Leases

• Recall key provisions of recently issued FASB Updates

Major Topics

• Private company standard setting activities

• Recent FASB Accounting Standards Updates (ASUs)

• Topic 842, Leases

• ASC 326: CECL

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry, as well as controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

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.