CPE Catalog & Events

• Establishing and administering a Trump Account under § 530A • Election requirements and the Form 4547 process • Structural distinction between Trump Accounts and the pilot contribution program (§ 6434) • Eligibility rules for account opening and pilot contributions • Contribution types, limits, and coordination across multiple sources • Employer contributions under § 128 • Investment limitations during the growth period • Basis tracking and tax treatment of contributions • Distribution rules before and after age 18 • Transition to traditional IRA rules • Comparison with 529 plans, Roth IRAs, and custodial accounts • Planning opportunities and potential compliance risks • Areas where guidance remains incomplete under proposed regulations

• $12,500 deduction per individual for qualified overtime pay • Payment of overtime under the Fair Labor Standards Act (FLSA) • Calculating the "premium portion" of the extra half-time pay • Social Security and Medicare withholding • Employer furnishing the record of qualified overtime compensation to employees • Definition of a qualified tip • IRS list of traditionally-tipped occupations • $25,000 deduction for reported tips • The transition rule allowing employers to indicate the approximate amount designated as tips or overtime • State tax issues relating to tips and overtime • Changes in the W-2 reflecting new employer reporting responsibilities

Module 1: Acute Uncertainty Will Never Go Away: Can We Prevent Our Plans from Failing? • How and why ambiguity is good, and how certainty can be harmful. • How the past blinds us to the real future. • What is the difference between risk and uncertainty? • Managing measurable risk and unmeasurable risk. • We need to ask, "What could happen, not what will happen?" • Why have our current planning approaches failed? What can we do to improve? • The need to analyze decisions from multiple perspectives, why we must 'think twice'? • Probabilities are not necessarily predictive. How statistics can be misused and misunderstood - thus increasing risk. • Not everything can be anticipated, e.g., the success of Google. • We must focus on our goal. • Our plans must be flexible! Module 2: Decision Making in a Non-linear World: What They Did Not Teach in Management Accounting? • Better plans require more planning, what do we need to change in our decision process? o How to use the OODA loop and other decision models? o New lessons from the Judgement of Solomon • Why do the best performing organizations always plan for the unexpected? o Multiple scenarios always! • Experiments always lead to success. • Tools to deal with randomness, including: o The Scientific Method, re-framing, and periodic reality checks. • Choosing the right, relevant costs? o The sunk cost fallacy reexamined o Opportunity costs. o Relevant costs for responsibility accounting. o Product or process continuance or discontinuance. o Fixed costs vs avoidable costs. Short run and long run. • Decision dynamics: How can today's right decision turn sour tomorrow? o Unintended consequences o Selling surplus capacity • How can statistics be misused and misunderstood - thus increasing risk? • Harnessing sensitivity analysis, multiple scenarios, and other tools effectively. • Real options increase certainty by making us more flexible. • All risks are subjective, but we futilely attempt to quantify the unquantifiable. Module 3: Advanced Financial Analysis: Choosing the Right Tools in a World Full of Randomness • Advanced financial analysis and modeling tools o Proper modeling of long-term decisions o Best practices in project analysis o Alternative evaluation methods o Why should you consider multiple metrics? o Capital rationing o Choosing the correct discount factor? o Year-end convention and other less understood assumptions o Sensitivity and scenario analysis o Monte Carlo Simulation in practice o Interpreting results properly? o NPV vs IRR vs MIRR vs ROI. o Considerations when metrics contradict other metrics. o Real options are hard to value but are invaluable. o Behavioral issues o Evaluating projects with no obvious return o Multiple numeric examples and work sheets Module 4: Diversification: A Risky or Risk Averse Strategy? • Does diversification truly reduce risk - or not? o Portfolio theory and how to use it properly? • The differences between specific risk and systematic risk and how can we reduce those risks? • The most common reasons why most organizations fail when attempting to diversify. • What happened to conglomerates? o Why conglomerates disappeared in the West? o Why are conglomerates in Korea and India successful? • Diversification via acquisitions o Is the control premium worthwhile? • Which cost of capital (WACC) should we employ? • What are the effective diversification methods and tactics that truly do reduce risk?

• Compilation engagement requirements under SSARS • AR-C Section 80 • Roles and responsibilities of management and the accountant • Reporting considerations, including special purpose frameworks and report modifications • Compiling pro forma and prospective financial information • Best practices for engagement letters, documentation, and avoiding peer review issues

• Purpose and scope of preparation engagements under SSARS • How preparation engagements differ from compilations, reviews, and bookkeeping • Required elements of the engagement letter • Management's responsibilities vs. the accountant's responsibilities • Preparing financial statements in accordance with the chosen reporting framework • Required labeling of each page of the financial statements • When notes may be omitted and how to disclose this • Situations that fall outside a preparation engagement • Documentation requirements for basic compliance

• Purpose and scope of review engagements under SSARS • AR-C Section 90 • Basic performance requirements, including inquiries and analytical procedures • Establishing an understanding with the client • Fundamental documentation requirements • Management's responsibilities vs. the accountant's responsibilities • Overview of the management representation letter • Introduction to going-concern considerations • Key elements of the review report

• Recourse debt allocations • Constructive liquidation scenarios • Nonrecourse debt allocations • Minimum gains and nonrecourse deductions • Section 704(c) gains • Allocations under 704©

• Three different types of basis • Contributions of property • IRC 704(b) - Capital Accounts and Special Allocations • Contributions of property and debt • Contributions of services • IRS Notice 2020-43

• How and why a partnership makes a 754 election • The effect of the 754 election when an interest in a partnership is sold or inherited • How the 754 election applies when a partnership makes a distribution of property to one or more of its partners • How to make the 754 basis adjustment

• Small and medium-sized business-related FASB ASUs, including recent PCC activities • Recently issued AICPA standards • Ethics and independence updates and interpretations • Newly issued SSARS and SSAE standards • SASs effective for current and future audits

• How distinctive funding sources, different operating purposes, and lack of ownership interests affect risk assessment and planning in the audit of a not-for-profit • Key considerations and auditing procedures applied in auditing contributions, functional expenses, net assets, etc. • Frequent issues arising in audits of not-for-profits (e.g., independence concerns, communicating with those charged with governance, Yellow Book audits, single audits, etc.)

Federal Tax Treatment of Digital Assets IRS classification of cryptocurrency as property Tax consequences of sales and exchanges Mining and staking income Hard forks and airdrops Reporting Requirements and Compliance Form 1040 digital asset disclosure Form 8949 and Schedule D reporting Schedule C considerations Overview of broker reporting rules and Form 1099-DA developments IRS Enforcement Trends Exchange reporting and John Doe summonses IRS compliance campaigns Civil penalties and potential criminal exposure Audit risk indicators Practitioner Considerations Documentation and substantiation best practices Client interview strategies Ethical responsibilities in digital asset reporting

Overview of the Form 990's structure, purpose and schedule design. Key factors that establish a related organization. Definitions affecting Part VII-A including trustees, directors, officers, key employees and high-compensation individuals. Core terms such as family relationships, business relationships, independence and 35% controlled entities which are central to both Core Form Part VI and Schedule L. Sequencing of preparation tasks and identifying internal data providers. Best practices for engaging the board in understanding the completed Form 990.  

• AI and data ethics in accounting • Leveraging AI for data analytics in accounting

Overview of tax-exempt and international information reporting framework Form 990 reporting fundamentals Core form structure and required schedules Governance and compensation disclosures Unrelated business income (UBI) reporting considerations Overview of selected international information returns Form 5471 (controlled foreign corporations) Form 8865 (foreign partnerships) Form 8938 (specified foreign financial assets) Filing thresholds, disclosure requirements, and penalty considerations Common compliance risks and IRS examination focus areas

• Eligibility for Medicare • How to apply for Medicare • Introduction to Parts A, B, C, and D of Medicare • Payments for Parts B and D of Medicare: the higher costs imposed on higher income beneficiaries • Late enrollment penalties • Medicare Advantage in lieu of original Medicare • The Affordable Care Act's impact on Medicare • Legislative and regulatory developments

Overview of IRC §199A Framework; Application of the qualified business income (QBI) deduction to pass-through entities Application of §199A rules to partnerships, S corporations, and tiered ownership arrangements Treatment of QBI, REIT dividends, and publicly traded partnership income in complex structures Requirements, elections, and limitations related to §199A aggregation Impact of aggregation decisions on deduction optimization and compliance Identification of SSTBs and application of income thresholds and phaseout rules W-2 Wage and Qualified Property Limitations Required disclosures, documentation standards, and reporting considerations to support §199A positions

• Generative AI applications in cybersecurity (e.g., threat detection, automation) • AI-enabled cyber threats, including phishing, deepfakes, and malware • Real-world incidents involving AI-related cybersecurity challenges • Proactive strategies for leveraging generative AI in cybersecurity • Regulatory and ethical implications of generative AI in financial cybersecurity

• Will Social Security be there for me? • How is my benefit calculated? • Can I claim my benefit and work too? • When do I stop paying Social Security taxes? • Why does my government pension cause my benefits to be reduced? • Can I claim spousal benefits now and my own later? • What is my breakeven? • Can I claim benefits from my ex-spouse? • What do you mean I may pay taxes on my income benefits? • ... and more!

Minimum distribution requirement changes by the SECURE Act 2.0 Latest IRS guidance, including final regulations The calculation of required minimum distributions using the Uniform Life Table Required minimum distributions from multiple accounts §401(k) rules of SECURE Act 2.0 Inherited employer retirement accounts and IRAs: Changes to spousal and non-spousal beneficiary distribution options and stretch IRAs under the SECURE Act Required minimum distributions in the year of death Roth conversions for estate planning and avoiding required minimum distributions Timing of distributions for maximum tax-free compounding Section 529 rollovers to Roth accounts under SECURE Act 2.0 Qualified charitable distributions from IRAs and the relationship between deductible IRAs and QCDs under the anti-abuse rules. Includes SECURE Act 2.0 rollovers to CRUTs and CRATs Taxation of distributions Penalties for missed required minimum distributions and reasonable cause for abatement of penalties.