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This course will focus on how to integrate integrity, objectivity, independence, and avoiding conflicts of interest in situations faced by the accounting professional on a daily basis.   The participant will be able to know not just “what is the right thing to do” according to the AICPA Code of Professional Conduct but how to put your values into action!   As part of this course, we will also walk-through real-world examples of individuals and companies faced with these dilemmas.

This course discusses the tax law as currently writen with the expiration of the TCJA. As we all know the TCJA is set to expire this year, and with no tax bill in place (to replace or extend) it will revert back to previous tax law prior to the TCJA (2017 Tax Law). So what does this mean for your client, as death inheritance will revert to a lower tax exempt amount, individual and business tax rates will increase, child care credit will drop, EIC individual and joint earninngs for qualification will decrease, and of course the Standard deduction will decrease as well. There is time between now and December, a new bill may be introduced and possibly passed however, you may want to advise your clients for the best next step forward and how best to advise them.

Learning Objectives:

State the pre TCJA Estate and Gift Tax exemptions
Identify pre TCJA individual and business Tax Rates
State the Pre TCJA EIC
Identify Pre TCJA Child Tax Credit
State the changes to itemized deductions and standard deductions Pre TCJA

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

In 2014, after years of deliberations, the Financial Accounting Standards Board (the FASB) and the International Accounting Standards Board (the IASB) jointly issued the Accounting Standard Update (ASU) No. 2014-09 (codified primarily in ASC 606) and IFRS 15, respectively. ASC 606 replaces virtually all (including industry-specific) U.S. GAAP revenue guidance with a single model. The standard does not just change the amounts and timing of revenue but potentially affects organizations’ financial statements, business processes, and internal control over financial reporting. The standard also affects other related accounting topics such as contract modification, rights of return, licensing, principal-versus-agent considerations, and income tax. Moreover, the standard creates new and expanded disclosure requirements.
This course reorganizes the guidance contained in ASC 606, to follow the five-step revenue recognition model along with other guidance impacted by this standard. It also provides examples to illustrate the application. The course is designed to help you navigate the complexities of this standard and identify the implications of it. It provides a working knowledge of the fundamentals of the revenue standard that can be applied, regardless of the company size, in the real world.

Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes, often for reduced amounts. The areas covered are: Offers in Compromise, Wage Garnishments, Bankruptcy, Installment, Delinquent Tax Returns, IRS Bank Levies, Freedom of Information Requests, IRS Payment Plans, Payroll Tax Problems, IRS Audits, Penalty Abatement, Liens, Collection Appeals, IRS Appeals, Innocent Spouse and Expiration of Statutes.

The course offers a comprehensive overview of accounting for financial instruments generally traded in hedge funds. This includes accounting for instruments - Equity, Bonds, Futures & Options, Spot & Forward contracts, and processing of Corporate Actions. The course goes over security set up, reference data, market data for portfolio pricing, reconciliation issues, P&L analysis, Trade Workflow, Position Lifecycle maintenance. The course briefly touches upon concepts necessary for a Hedge Fund Accountant to appreciate, to maintain accurate books of records - Tax lot accounting, Cost Basis, Realized and Unrealized Gain/Loss

This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes that have special meaning to the tax practitioner and return preparer. The course is a great resource and a way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.

The new pass-through LB&I field operations unit will boost audits of pass-through entities, including partnerships, S-corporations and trusts. The IRS also established the new IRS associate office focused on partnerships, S- corporations, trusts and estates. A recent GAO study recommended strengthening audit processes for large partnerships.
While the number of large partnerships increased almost 600% from 2002 to 2019, only 54 of the 20,000 large partnership returns filed in 2019 were audited, for a 0.3% audit rate. Decreased from 1.4% in 2007. The IRS has announced that it will be auditing a larger percentage of partnership returns in the future. The IRS will also be challenging certain partnership related-party transactions under the codified economic substance doctrine in § 7701(o).
During this course through case law / case study will discuss IRS Procedure, Conservation Easements, Other Partnership Issues, S Corporations, Economic Substance, Tax Equity and Fiscal Responsibility Act (TEFRA), Profits Interest VS. Capital Interest, and SEC. 754.

Learning Objectives
1. Become familiar with recent court cases and Treasury publications affecting individuals and business entities.
2. Acquire a working knowledge of recent changes to IRS procedure.
3. Become conversant of recently issued tax court opinions and their implications to taxpayers.
4. Know the status of upcoming tax legislation and how it might affect clients.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Cryptocurrency - defined as "any digital representation of value that is recorded on a cryptographically secured distributed ledger or any similar technology." Cryptocurrency and NFTs are the most common digital assets with an estimated $2 Billion having been donated as of January 2024. Additionally, the majority of the top US charities accept cryptocurrency donations (56% of the top 100) as of January 2024 with two-thirds of these top crypto enabled nonprofits aren’t just accepting crypto, but are actively fundraising it. This course will discuss traps and pitfalls the unwary often fall victim of.

Topics include:
Cryptocurrency background
Classifying Cryptocurrency
Non-fungible tokens
Planning ideas
Gifts to individuals
Limitations on gifts to charities
Contribution of assets with built-in gain
Testamentary gifts
Sec. 170(f)(11): Qualified appraisal and other documentation for certain contributions
Other issues
Reporting  cryptocurrency
Reporting of digital assets

Learning Objectives
By the end of the course, the participant should be able to:
1. Discuss what constitutes digital assets.
2. Determine the differences between cryptocurrency and NFTs.
3. Be able to identify the IRS forms needed to report digital asset contributions.
4. Understand how to properly establish the value of the contribution.
5. Know the differences in required substantiation based on the amount of the contribution.
6. Understand the latest rulings by the Treasury Department and courts on these contributions.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Congress is on the cusp of passing the most consequential tax legislation in many years and the well-informed tax practitioner will want to stay abreast of these developments!  This course will start with a short overview of the legislative process that is taken by the House and the Senate before the bill is ready to be signed by the President.  We will then review the provisions in the House bill passed on May 22, 2025, with predictions on possible changes being made once it has been considered by the Senate.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course equips tax professionals with the knowledge and strategies needed to handle the most common IRS letters, including general notices, audit requests, collections, return inquiries, and error notices. Participants will learn how to interpret IRS correspondence, adhere to response deadlines, and effectively communicate with the IRS to resolve issues and minimize risks. The session also highlights best practices for ensuring compliance and avoiding penalties or escalation, empowering attendees to navigate IRS correspondence with confidence.

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course covers the authoritative GAAP for construction contractors as found in FASB ASC 910 along with the guidance contained in the AICPA Guide for Construction Contractors. In this course, Jeff will cover the unique aspects of accounting in the construction industry and how the standards and guidance address those issues.

The course will also include many examples to aid in understanding. In addition to the exceptional material, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.

Learning Objectives:
Upon successful completion of this course, the participant should be able to:
Describe key issue related to construction accounting
Apply revenue recognition for construction contracts using POC
Apply revenue recognition for construction contracts using CCM
Apply the standards for contract modifications
Describe the issues related to contract costs and allocation
Apply the provisions for various difficult issues

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

Accounting is a man-made science, built on principles that require a consistent framework to ensure comparability and reliability in practice. This course introduces participants to the FASB Conceptual Framework, which serves not only as the foundation for developing accounting standards but also as a guide for applying sound judgment in practice.

Jeff Sailor will cover the key elements of the framework, focusing on recognition, measurement, qualitative characteristics, and disclosure requirements. The course will draw on all eight chapters of Statement of Financial Accounting Concepts (Concept 8), bringing clarity to how the framework supports financial reporting. Jeff’s signature video parodies will also be featured, offering memorable reinforcement of the material.

Learning Objectives:
At the end of this course, you will be able to:
• Describe the structure and purpose of the FASB Conceptual Framework.
• Identify the primary qualitative characteristics of financial information.
• Apply the requirements for recognition and derecognition of financial elements.
• Apply concepts for measurement within financial reporting.
• Describe the criteria for footnote disclosures.
• Explain the role of concepts in guiding standard-setting.
• Analyze how the framework supports consistency and comparability in reporting..
• Evaluate the usefulness of the framework when exercising professional judgment.

Major Topics:
• Purpose and structure of the FASB Conceptual Framework
• Recognition and derecognition criteria
• Measurement concepts and approaches
• Qualitative characteristics of useful financial information
• Elements of financial statements
• Footnote disclosure requirements
• Relationship between the framework and standard-setting
• Practical application of the framework in accounting decisions

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

Metrics play a critical role in evaluating business performance, guiding financial decisions, and supporting effective advising. This course introduces participants to the most common and valuable ratios and key performance indicators (KPIs) used by CFOs, Controllers, and CPA advisors. Organized by category, the material highlights how these tools provide insight into financial health, liquidity, profitability, and operational effectiveness.

Participants will see practical examples of how metrics are applied, ensuring they can not only calculate but also interpret results for real-world use. Instructor Jeff Sailor enhances the session with his signature video parodies, adding an engaging element that helps reinforce complex concepts in a memorable way.

Learning Objectives:
At the end of this course, you will be able to:
• Differentiate between ratios and KPIs.
• Explain the purpose and value of ratios in financial analysis.
• Explain the purpose and value of KPIs in business performance evaluation.
• Apply balance sheet metrics to assess financial position.
• Apply cash flow and liquidity metrics to evaluate short-term viability.
• Apply profitability metrics to measure financial success.
• Apply operational metrics to assess efficiency.
• Interpret results of key metrics for decision-making.

Major Topics:
• Ratios vs. KPIs
• Categories of financial and operational metrics
• Balance sheet metrics and financial position analysis
• Cash flow and liquidity metrics
• Profitability metrics for business success
• Operational metrics for efficiency and effectiveness
• Risk management in client planning
• Practical examples and applications of metrics

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course covers a broad range of topics all involving uncertainties in accounting and auditing. It discusses the accounting standards for Going Concern, Contingencies, Guarantees, and Credit Losses. It also covers the audit standards related to auditing accounting estimates and considering going concern.

In addition to the exceptional material, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.

Learning Objectives:
Upon successful completion of this course, the participant should be able to:
Apply the requirements of SAS 132- Going Concern
Apply the requirements of SAS 143- Estimates
Apply the accounting requirements related to loss and gain contingencies
Apply the requirements for guarantees
Apply the requirements for credit losses

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

This course is designed for financial professionals looking to understand Form 1120S. It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Participants will also learn how to calculate shareholder basis and understand the strategic advantages and limitations of an S corporation.

This seminar offers a practical and in-depth exploration of IRS Schedule K-1, a critical reporting document issued to taxpayers with interests in pass-through entities such as Partnerships, S Corporations, and Estates or Trusts. Participants will gain a clear understanding of how to interpret and accurately report Schedule K-1 data on Form 1040, with emphasis on common income, deduction, and credit items. The course also demystifies the Qualified Business Income (QBI) Deduction, including eligibility criteria, reporting mechanics, and integration with K-1 data. Key compliance topics—such as basis and loss limitations, material participation rules, and passive activity considerations—will be addressed through practical examples. In addition, attendees will be briefed on recent developments affecting Schedules K-2 and K-3, ensuring they are equipped to navigate evolving international reporting requirements.

This course provides tax and accounting professionals with a comprehensive overview of overtime requirements under the Fair Labor Standards Act (FLSA). Participants will explore the statutory definition of overtime, exemptions, and the calculation of the “regular rate of pay.” Through practical examples and compliance-focused scenarios, learners will gain the skills to identify risks, properly compute overtime pay, and advise clients or employers on best practices. The course emphasizes regulatory compliance, accurate application of rules, and strategies to avoid common pitfalls in wage and hour audits.

This course provides a focused analysis of the individual and small business provisions in H.R.1, “One Big Beautiful Bill.” Tailored for tax professionals working with Form 1040 filers, the course explores impactful updates, from the no-tax-on-tips provision to enhanced bonus depreciation. Designed to inform planning strategies and compliance for the 2025 tax year and beyond. Participants will gain actionable insight into newly proposed deductions and expanded credits.

More and more practitioners are expanding their practices by offering retirement planning advisory services. This course focuses on a variety of issues dealing with IRAs and qualified retirement plans. When practitioners understand the advantages and disadvantages of IRAs and qualified retirement plans, as well as the tax implications and designs of these plans, they are better equipped to meet their clients’ needs.
Objective:
At the end of this course, you will be able to:
 Define the different IRAs
 Recognize SEPs, qualified plans, and contribution plans
 List 401(k) plans
 Compare plans
 Identify minimum distribution rules
Highlights:
 Regular IRAs
 Roth IRAs
 Coverdell Education Savings Accounts
 SIMPLE IRAs
 SEPs
 Basics of qualified plans
 Defined benefit pension plans
 Defined contribution plans
 401(k) plans, including Roth 401(k)s
 Choosing the best plan for each client
 Minimum distribution rules

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements and participate for 150 minutes.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

This advanced course builds on the foundational principles introduced in Fundamentals of the 1040 – Core Concepts, guiding participants into the complexities of business income taxation and expanded reporting requirements. Learners will gain practical skills for accurately reporting self-employment income and pass-through entity activity on Form 1040. Income and expense reporting on Schedule C and Schedule E will be covered as well as the integration of essential forms such as Form 7203 (S corporation shareholder basis) and Form 7217 (Partnership basis tracking). Designed for tax professionals seeking deeper proficiency, this course equips participants to confidently prepare returns for clients engaged in sole proprietorships, partnerships, and S corporations. Legislative updates impacting business filers will be covered.

Learning Objectives
Upon completion of this course, the learner will be able to:
• Analyze Schedule C to determine business income, deductions, and self-employment tax implications
• Interpret Form 7203 to determine shareholder stock and debt basis for S corporation shareholders
• Analyze and apply the reporting requirements of IRS Form 7217, including determining a partner’s basis in distributed property
• Calculate self-employment tax and apply deductions related to business expenses
• Implement preparer best practices to avoid common IRS audit triggers
• Understand key deductions and credits for business owners

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Participants have 1 year from the date of purchase/enrollment to complete this course

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

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