OSCPA's CPE Blowout - Virtual

The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad other related retirement planning issues.

Objectives:

• Identify who is entitled to retirement benefits and in what amounts
• Summarize the factors one must consider in determining when to take benefits
• Discuss the taxation of Social Security benefits and how this impacts other income tax planning

In this session we will tackle pressing issues at a “need to know” level and then discuss the practical implications. You will come away armed with the “big picture.” Preparedness is half the battle, so do not miss this critical briefing.

Objectives:

• Understand the impacts of major tax legislation and recent accounting pronouncements on CPAs in industry
  

This course provides a comprehensive review of all of the requirements necessary to properly conduct a compilation engagement under SSARS. The impact of SSARS 21 and the changes to practice will be a focal point. This course is recommended to fulfill four hours of the Oklahoma Accountancy Board’s compilation requirement.

Objectives:

• Provide a comprehensive overview of Compilation Standards in AR-C 70
• Understand changes to the compilation engagement as a result of SSARS 21
• Introduce documents and templates that will improve quality and profitability of your compilation practice

In today's rapidly changing world, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand, they need to be abreast of the latest proven financial skills for making the best decisions, and on the other hand they need the best skills to motivate, manage, and lead people. Being pigeon-holed into one area or another is neither good for career building nor good for the organization. We'll cover the latest issues that all CFOs and controllers need to know about and provide how-to guidance to allow for immediate use in their organizations.

Objectives:

• Understand the current issues and latest trends impacting CFOs, controllers, and finance professionals
• Understand how domestic and global economic conditions could impact an organization
• Apply what we have learned from the COVID-19 pandemic for a positive impact on an organizations

If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated to reflect enacted legislation.

Objectives:

• Understand the current planning issues for businesses
• Understand how recent legislation impacts planning for pass-throughs
• Understand what pass-throughs can do in light of tax law changes
  

This course is recommended to fulfill four hours of the Oklahoma Accountancy Board’s ethics requirement.

Objectives:

• Introduce the online Code of Professional Conduct
• Provide a comprehensive overview of the ethics rules that apply to members in both public practice and industry, including case studies
• Discuss any proposed changes to the Code of Professional Conduct

This highly informative course will bring you up-to-speed on the latest in individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs. Continually updated to reflect enacted legislation.

Objectives:

• Understand strategies and tactics to use in light of new legislation
• Understand how to nail down valuable deductions and other reductions to the tax base
  

The pandemic has shown us that our planning process must be far nimbler and allow our organization to shift rapidly. We'll move beyond the traditional techniques and show you easier ways to complete the process while cutting out the political pitfalls that end up causing a lack of accountability and can be demotivating to the staff. During the seminar we will cover such topics as the sales/income plan, capital equipment planning, the “one-year operating plan” (formerly referred to as a budget), the “monthly operating plan,” cash planning, risk planning, and much more!

Objectives:

• Develop a one-year operating plan (formerly referred to as a budget)
• Avoid the political pitfalls that often come with the forecasting and budgeting processes and inhibit change
• Maximize the usefulness of the forecasts developed for the organization

Which technology trends will impact you and your business? What emerging technologies will potentially help you to address security and efficiency? What does the future of communication technology have in store for you? Get answers to these and other questions by participating in K2’s Technology Update.

Objectives:

• Identify major hardware trends and software developments
• List examples of technologies that can improve communications and data transfers
• Differentiate between various communication tools and platforms

Risk management is a necessary tool for all organizations, but often overlooked by small businesses. In this program, we will briefly look at the concept of risk management and then delve into how to identify, evaluate, and mitigate specific risks. In each area, we will explore what our experiences of the pandemic have taught us about this part of risk management. Through the use of case studies in each type of risk, we will explore how both for-profit and not-for profit organizations would develop a structure to deal with certain specific types of risk.

Objectives:

• Understand the concepts of risk management and how they apply to the small organization    
• Recognize how we could have been better prepared for the pandemic
• See how all risks end up as part of financial risk management

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.

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
  

Excel is the accountant’s tool of choice for analyzing and reporting financial data, yet many use time-consuming and error-prone processes to complete everyday tasks. Regardless of your experience level, if you use Excel, you need this course to learn more efficient and effective ways to work with Excel.

Objectives:

• Implement tools and techniques for formatting data in Excel, including multiline column headings, the Accounting Format, custom date and number formats, and Conditional Formatting
• Customize Excel’s user environment, including the Ribbon and the Quick Access Toolbar, adjust Excel’s Options to improve efficiency, and create and use Templates to increase efficiency and productivity
• Utilize various formula building tools to create formulas more efficiently and create multiple types of formulas, including formulas to manipulate text and dates, formulas containing VLOOKUP and HLOOKUP functions, formulas that contain conditional calculations, and formulas that contain circular references