What?
You are invited to attend a virtual continuing education (CPE) event for accounting and finance professionals. The program allows you to earn four hours of CPE credit, keep up-to-date on accounting and finance issues, and network with other professionals.
Here are the June 2022 topics:
PTETs and SALT Highlights
Field of Study: Taxes
The Tax Cuts and Jobs Act (TCJA), passed in 2017, didn't change what a taxpayer can deduct on a federal level, such as property taxes, real estate taxes, sales tax etc., but it put a cap on these deductions. So, instead of adding all those taxes together and being able to deduct all of them, you are limited to $10,000. This has a significant impact on states with high income and real estate taxes. Lynn Mucenski-Keck, national tax service group leader at Withum, gives us the highlights of the passthrough entity tax (PTET) and state and local tax (SALT).
What Accountants Need to Know About SPACs
Field of Study: Accounting
Special purpose acquisition companies, SPACs, have become the next big thing in equity investment markets. By providing a lower-barrier alternative, these companies have become, in some ways, the main way companies go public today. Josh Schaeffer, Head of Complex Securities Valuation with Equity Methods, explains everything you need to know about SPACs and provides an update on the latest developments related to this investment vehicle.
Executive Compensation and Tax Implications
Field of Study: Taxes
When it comes to compensating employees, companies are getting more creative. However, it is important to remember that any time we give an employee something of value, whether it’s special access to the company car during personal time, access to a corporate jet for personal use, or anything else of value, it is going to be treated as compensation unless there's an IRS publication or some IRS authority that says otherwise. David Peters, tax practitioner and financial advisor at Peters Tax Preparation & Consulting, gives us an overview of various types of executive compensation and the potential tax implications.
The COSO Framework: Seventeen Principles and Points of Focus
Field of Study: Accounting
The COSO Framework has become the best practice basis for designing, implementing, and applying internal controls and assessing the effectiveness of these controls. John Fleming, longtime Kaplan Financial Education discussion leader, reviews the COSO Framework's five major components and 17 principles of effective internal control. He describes the various points of focus related to the principles and assesses their significance
Where?
Virtual from your home
Login to your Kaplan account to access the virtual classroom at: https://fmn.smartpros.com
If you are new to this program, please register with us by Wednesday prior to the session so that we may receive your log-in credentials prior to the session.
Cost: $40.00 pay through PayPal: www.paypal.me/IMA112
Code of Conduct
These CPE sessions are conducted under the IMA's Global Core Values and IMA's Statement of Ethical Professional Practice. Adherence to these statements are required to participate in this event.
RSVP with contact person below: