In this session, you will learn about current tax issues impacting the restaurant and hospitality sector such as the pass-through entity deduction, Sec 179 expensing and bonus depreciation, tax credits available to restaurant owners and the latest updates on tax reform topics of interest to the industry.

In this free two-hour livestream workshop, the SCDOR along with the IRS and the SC Department of Employment and Workforce (DEW) will present information to help you better understand your business obligations as they relate to Withholding Taxes. If you are a small business owner, bookkeeper, payroll clerk, new Withholding Tax registrant, employ seasonal workers or are a tax professional, this workshop is for you.
Additional topics covered will include:
• Federal tax law issues (taught by IRS representative)
• Unemployment insurance—liability and reporting requirements (taught by an SCDEW representative) 
• Basics of the SC Withholding Tax Law
• How to register for the Withholding Tax
• When to file and pay Withholding Taxes
• Electronic filing methods

This course runs from 9-11 a.m.

This free two-hour livestream workshop taught by the professionals of the SCDOR will cover all you need to know regarding filing and administrative requirements and will walk you through completing a sample sales tax return. If you are responsible for filing sales and use tax returns—whether you are a new business owner, a business owners who has questions about your responsibilities or an accounting personnel for a small business—this course is for you.

Additional topics include:
• Sales tax laws as they pertain to completing your tax return
• Information on local taxes
• Components of the sales tax forms
• Step-by-step directions on completing the form
• Demonstration of electronic filing options

This course will run from 9-11 a.m.

Purpose of the Form and each supporting Schedule

Discussion of current IRS enforcement activity with respect to the Form, including published guidance, litigation, and informal guidance taken from talks by IRS personnel at conferences and on webcasts

Line-by-Line review of basic Form and all Schedules to identify information required, how best to report it, and recordkeeping “best practices”

Common tax issues:
- Public support
- Donor restrictions
- Unrelated Business Income
- Executive compensation

J. William Strickland, CPA and tax attorney, and a representative from the South Carolina Department of Revenue Policy Division, will answer your tax update questions in this informative session:
What has the legislature done? What happened with sales tax on e-tailers? What are the current Department of Revenue initiatives? How can CPAs and The Department of Revenue collaborate to serve the taxpayers of South Carolina?
Answers will be provided from legislation, regulations, rulings, cases, Department of Revenue Policy and the presenter’s personal experience.

Taxpayers are ultimately responsible for their own returns, but return preparers are subject to ethical standards that make them responsible for what is in the return, what is not in the return and how that information is presented. For example, return preparers are expected to inform clients about errors discovered and the consequences of ignoring them. The preparer must evaluate the reliability of information furnished by the taxpayer.

Want to protect against unnecessary liability? Avoid the headache of big mistakes discovered in IRS audits? A quality tax practice begins with respect for the Standards.” 

PROGRAM CONTENT:
Treasury Circular 230
AICPA Statements on Standards for Tax Services
Internal Revenue Code Preparer Penalty Provisions

Construction contractors are like any other tax client--except when it comes to determining income. (Not to mention best cost recovery options). Add all the usual issues with any owner-managed business and providing tax services to construction contractors is a recognized specialty.  Bring your toughest questions to this program and go back to your office with answers.

In this program:
- Review the IRS Audit Guide for Construction Contracts, and recent changes
    o Percentage of Completion
    o Completed Contract
- Address recent changes in the law affecting Construction Contractors
    o Cash vs Accrual
    o $25 million threshold for application of some rules
    o New Section 199A
    o New Section 163(j) Limitation on Business Interest
    o New Section 461(l)(1)(B) Excess Business Loss Limitation

This course is essential for the tax practitioner who wants to update their knowledge of business income taxation. This course will provide a comprehensive review of business income tax complexities. Updates for tax legislation will be incorporated into the course, and many important topics that impact clients in these difficult times will be discussed during the lecture.     
  

Are you a tax practitioner who wants to update your knowledge of individual income taxation? Then this course is for you. Here you will get a comprehensive review of Form 1040 complexities. We'll also cover any changes in tax legislation passed and any important new topics that impact your clients.

This free two-hour livestream workshop taught by the professionals of the SCDOR will cover all you need to know regarding filing and administrative requirements and will walk you through completing a sample sales tax return. If you are responsible for filing sales and use tax returns—whether you are a new business owner, a business owners who has questions about your responsibilities or an accounting personnel for a small business—this course is for you.

Additional topics include:
• Sales tax laws as they pertain to completing your tax return
• Information on local taxes
• Components of the sales tax forms
• Step-by-step directions on completing the form
• Demonstration of electronic filing options

This course will run from 9-11 a.m.

A federal income tax update focused primarily on developments after November 2018.  Topics are selected for their applicability and likely interest to CPAs who are assisting clients with identifying, planning for, and complying with complex Federal income tax matters affecting individual income tax returns.

Program Includes:
• Tax planning opportunities and how to take advantage of them with minimal audit risk
• TCJA 2017 Guidance… Regulations, Revenue Rulings, Notices and Revenue Procedures
   o Limits on losses
   o Cash method of accounting
• Court decisions affecting individual Federal income tax planning and compliance
• Explanation of IRS Publication 4557 and your responsibility for protecting client data
• Medicare and Social Security information every tax advisor should understand
• Schedule C Issues…199A…depreciation and cost recovery

This course will cover the ASUs issued during the year as well as those that will be effective in the near future. We’ll take a deep dive into how to prepare for the leases, revenue recognition and financial instruments standards.

Objectives:

• List new accounting ASUs issued by the FASB
• Describe the key financial reporting changes of the revenue recognition, leases, and financial instruments project

This course reviews accounting standards issued by the Government Accounting Standards Board (GASB) that have been recently issued as well as those that will be effective in the near future. In addition to reviewing the standards, we will also focus on implementation strategies and challenges. Finally, we will turn our attention to the future by discussing GASB’s current projects and exposure drafts.

Following this course, attendees will be able to describe the impact of newly issued and recently effective standards on governmental accounting and will be better informed of changes that may occur in the future.

This course will look at the recent activities of FASB as well as the Auditing Standards Board and Accounting and Review Services Committee of the AICPA. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way. We’ll discuss the Audit Quality Initiative of the AICPA and take a look at some common audit issues.

Key focus areas include:

• Recent accounting standard updates (ASUs)
• Revenue recognition
• Leases
• Financial instruments
• SAS 133
• SSARS 24
• AICPA Auditor’s Report
• Enhancing audit quality initiative

Governmental accounting is very unique. In this course, we will introduce the financial reporting basics for governments, including fund accounting and modified accrual accounting. We’ll discuss budgetary accounting and the use of encumbrances. We will review the rules on exchange and nonexchange transactions. We’ll also analyze the layouts of the fund financial statements as well as the government wide financial statements. The class will also cover the concept of component units. Finally, we close with a discussion on the concepts of Management Discussion & Analysis (MD&A) and other RSI that are specific to governmental entities.

Taxpayers are ultimately responsible for their own returns, but return preparers are subject to ethical standards that make them responsible for what is in the return, what is not in the return and how that information is presented. For example, return preparers are expected to inform clients about errors discovered and the consequences of ignoring them. The preparer must evaluate the reliability of information furnished by the taxpayer.

Want to protect against unnecessary liability? Avoid the headache of big mistakes discovered in IRS audits? A quality tax practice begins with respect for the Standards.” 

PROGRAM CONTENT:
Treasury Circular 230
AICPA Statements on Standards for Tax Services
Internal Revenue Code Preparer Penalty Provisions

This course covers the laws, rules, and regulations that apply to the licensure of accountants in the State of South Carolina, as well as those that apply to the practice of accounting in the State of South Carolina. This course is designed to meet the South Carolina Board of Accountancy regulation that requires two hours of CPE related to South Carolina Rules and Regulations.

In this free two-hour livestream workshop, the SCDOR along with the IRS and the SC Department of Employment and Workforce (DEW) will present information to help you better understand your business obligations as they relate to Withholding Taxes. If you are a small business owner, bookkeeper, payroll clerk, new Withholding Tax registrant, employ seasonal workers or are a tax professional, this workshop is for you.
Additional topics covered will include:
• Federal tax law issues (taught by IRS representative)
• Unemployment insurance—liability and reporting requirements (taught by an SCDEW representative) 
• Basics of the SC Withholding Tax Law
• How to register for the Withholding Tax
• When to file and pay Withholding Taxes
• Electronic filing methods

This course runs from 9-11 a.m.

A federal income tax update focused primarily on income tax reporting and calculation issues for preparation of 2019 returns. Topics are selected for their likely interest to CPAs who are responsible for assisting clients with preparing returns to report complex Federal income tax matters and to determine income tax liabilities of business enterprises and their owners.

Program Includes:
• Tax compliance rules…do’s and don’t’s
• TCJA 2017 Guidance…Regulations, Revenue rulings, Notices, and Revenue Procedures
   o New Forms
   o Required supplemental information
   o Simplified employee reporting of certain benefits
   o Published IRS Guidance in FAQs, IRS’s own training materials and checklists
• Court decisions affecting Federal income tax compliance for all taxpayers
   o Quick review of worker classification
   o Employer provided meals and other fringe benefits
   o Recordkeeping requirements

This training course is designed to walkthrough the process for performing audits under the Uniform Guidance.  We'll cover the major deficiencies identified by the AICPA and discuss how to properly perform procedures to be compliant. High level areas of training include the documentation, sampling, reporting under Uniform Guidance, risk Assessment under Uniform Guidance, Internal Controls Over Compliance and Compliance Testing.
 
Learning Objectives:
•       Complete audit documentation that is compliant with the Uniform Guidance
•       Describe proper sampling methodology
•       Identify appropriate single audit reports
 

The Yellow Book is getting an update. This course will cover the major changes auditors need to know when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus will include the updated independence requirements, form and organization of the guidance as well as quality control. The 2018 revision is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted. We'll also cover common deficiencies in Yellow Book engagements. 

Learning Objectives:
• Describe the changes to Yellow Book
• Analyze how nonaudit services impact independence

The auditor’s report is getting a facelift. Following both the IAASB and PCAOB, the AICPA undertook a massive project to update the new report. SAS 134, Auditor Reporting and Amendments?Addressing Disclosures in the Audit of Financial Statements, was issued in April 2019. We’ll cover the new order of the report, changes to presentation as well as introduce the concept of KAM. We’ll cover when KAM is required as well as what constitutes KAM. This course is a must for auditors. The new report is effective for periods ending on or after December 15, 2020. Early implementation is NOT permitted.

Learning Objectives: 
•  List changes to the auditor’s report
•  Define Key Audit Matters

Prerequisites:  Prior experience with audit standards of the AICPA
Preparation:  None
Program Level:  Update
Field of Study:  Auditing

Who Should Attend:
Auditors from small to large firms involved in the audit of private company financial statements

This course covers the laws, rules, and regulations that apply to the licensure of accountants in the State of South Carolina, as well as those that apply to the practice of accounting in the State of South Carolina. This course is designed to meet the South Carolina Board of Accountancy regulation that requires two hours of CPE related to South Carolina Rules and Regulations.

This course will cover the hot topics of 2019. We’ll look at the new auditors report issued by the AICPA. We’ll cover implementation issues with revenue recognition and leases. We’ll also look at risk assessment common deficiencies. This course will cover what the standard setters are prioritizing. 

Learning Objectives
• Define a lease under Topic 842
• Describe common risk assessment deficiencies
• List changes to the auditor’s report
• Identify the five-step process in revenue recognition

The AICPA has identified that one in ten audit firms are not compliant with the risk assessment standards. This course will discuss how to properly identify risks and assess risk under AU-C 315. We’ll then discuss how to respond to identify risks under AU-C 330. The course will focus on the audit risk model and focus on both inherent risk and internal controls.

Learning Objectives
• Recite audit risk model
• Perform risk assessment procedures compliant with the audit standards

In the accounting profession, dealing with data is life. Doing it efficiently and effectively are skill differentiators. Power Query, part of Microsoft Power BI suite, is indispensable for extracting, transforming and loading data (the “ETL” of the commonly referred to ETLR). In this session, we will explore the basics of the Power Query add-in - extracting, transforming and preparing data for analysis

Your tax files contain all the information an “evildoer” would need to steal your client’s identity and wreak havoc in the client’s life. IRS Publication 4557 explains that you are expected to preserve and protect the confidentiality and privacy of that data but does not tell you how to use available tools to organize data collection and preservation. In this program, cyber-security expert Chris Jenkins walks you through security risks, the systems you need, and the procedures necessary to protect your clients’ data.

Microsoft Excel offers a wide range of solutions for your common data input requirements, and now tech guru and SCACPA CEO Chris Jenkins gives you the keys in this very applicable course.
Become familiar with these powerful features:

• Auto Fill (a command smart enough to figure out almost any series of data you want to continue)
• Quick Analysis (adds graphical elements to better describe your data)
• Flash Fill (allows you to take two adjoining cells and combine them in a third)
• Text to Columns (used to split data into multiple columns)

This is a must-attend for anyone looking to excel in Excel!

A federal income tax update focused primarily on income tax reporting and calculation issues for preparation of 2019 returns. Topics are selected for their likely interest to CPAs who are responsible for assisting clients with preparing returns to report complex Federal income tax matters and to determine income tax liabilities of business enterprises and their owners.

Program Includes:
• Tax compliance rules…do’s and don’t’s
• TCJA 2017 Guidance…Regulations, Revenue rulings, Notices, and Revenue Procedures
   o New Forms
   o Required supplemental information
   o Simplified employee reporting of certain benefits
   o Published IRS Guidance in FAQs, IRS’s own training materials and checklists
• Court decisions affecting Federal income tax compliance for all taxpayers
   o Quick review of worker classification   
   o Employer provided meals and other fringe benefits
   o Recordkeeping requirements

Change is the only constant when we talk about federal tax law, and every year the forms change to comply with new rules. Lines are added to and removed from the basic forms. Then there are new required disclosures and missing one of those can have serious consequences for you and your client. Your experience prepares you to learn about new compliance requirements quickly and this program respects that. It wastes no time on the simple stuff, concentrating instead on the “what” and “why” of new return preparation requirements.

SUMMARY OF PROGRAM CONTENT:
- Introduction to new forms
- Line-by-line explanation of changes to all forms
- Review of any litigation resulting from improper preparation of tax return forms
- How to disclose information to avoid penalties 
- Secrets experienced preparers use to avoid IRS audits

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.
This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants.
This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

This course will look at the recent activities of FASB as well as the Auditing Standards Board and Accounting and Review Services Committee of the AICPA. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way. We’ll discuss the Audit Quality Initiative of the AICPA and take a look at some common audit issues.

Key focus areas include:

• Recent accounting standard updates (ASUs)
• Revenue recognition
• Leases
• Financial instruments
• SAS 133
• SSARS 24
• AICPA Auditor’s Report
• Enhancing audit quality initiative

Governmental accounting is very unique. In this course, we will introduce the financial reporting basics for governments, including fund accounting and modified accrual accounting. We’ll discuss budgetary accounting and the use of encumbrances. We will review the rules on exchange and nonexchange transactions. We’ll also analyze the layouts of the fund financial statements as well as the government wide financial statements. The class will also cover the concept of component units. Finally, we close with a discussion on the concepts of Management Discussion & Analysis (MD&A) and other RSI that are specific to governmental entities.

The Government Accounting Standards Board (GASB) has been very busy lately. This course will review the accounting standards newly issued by GASB, including Leases, OPEB and Fiduciary Activities. We will focus on the implementation of standards that will be effective in the near future. We’ll also discuss GASB’s current projects and exposure drafts so you better understand what’s coming down the road. We will close with a look at the major changes in Single Audit and Yellow Book impacting governmental accountants and auditors.

This course reviews accounting standards issued by the Government Accounting Standards Board (GASB) that have been recently issued as well as those that will be effective in the near future. In addition to reviewing the standards, we will also focus on implementation strategies and challenges. Finally, we will turn our attention to the future by discussing GASB’s current projects and exposure drafts.

Following this course, attendees will be able to describe the impact of newly issued and recently effective standards on governmental accounting and will be better informed of changes that may occur in the future.

This training course is designed to walkthrough the process for performing audits under the Uniform Guidance.  We'll cover the major deficiencies identified by the AICPA and discuss how to properly perform procedures to be compliant. High level areas of training include the documentation, sampling, reporting under Uniform Guidance, risk Assessment under Uniform Guidance, Internal Controls Over Compliance and Compliance Testing.
 
Learning Objectives:
•       Complete audit documentation that is compliant with the Uniform Guidance
•       Describe proper sampling methodology
•       Identify appropriate single audit reports
 

This course will look at the recent activities of FASB as well as the Auditing Standards Board and Accounting and Review Services Committee of the AICPA. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way. We’ll discuss the Audit Quality Initiative of the AICPA and take a look at some common audit issues.

Key focus areas include:

• Recent accounting standard updates (ASUs)
• Revenue recognition
• Leases
• Financial instruments
• SAS 133
• SSARS 24
• AICPA Auditor’s Report
• Enhancing audit quality initiative

The Government Accounting Standards Board (GASB) has been very busy lately. This course will review the accounting standards newly issued by GASB, including leases, OPEB and fiduciary activities. We will focus on the implementation of standards that will be effective in the near future. We’ll also discuss GASB’s current projects and exposure drafts so you better understand what’s coming down the road. We will close with a look at the major changes in Single Audit and Yellow Book impacting governmental accountants and auditors.

Discussion LeaderRosalyn Glenn, CPA

Do you ever get blank looks when you present your company's financial statements? Does your board nod knowingly, during your presentation, but never seem to have any meaningful questions? It could be that they have no idea what you are talking about and are just pretending to understand! Learn how to connect with your CEO, board, fellow managers, and ordinary employees so they understand your message. Learn to motivate them to action. Come hear a veteran CFO tell you how.

Why wait for your company's defenses to be breached?

Tackling Fraud Within the Workplace
Fraud consumes an estimated 5% of corporate revenue and every business--regardless of size--is a potential target for fraud. This workshop will explore the “why” and “how” behind the fraudulent activities occurring in the workplace. Oftentimes, dishonest employees target weaknesses in the company’s systems, or shrewd third parties use “social engineering” tactics to breach a company’s defenses. Proper fraud awareness training is crucial to a company’s well-being and culture. All levels inside a company, from employees to company owners, should have a basic knowledge and understanding of how these fraud schemes work and how to recognize the warning signs. The workshop will examine the schemes, the motives, the opportunities, the problems and the risks. We will also set the framework for evaluating matters from an ethical lens instead of only applying a business or personal lens. 

Versatility is required for finance professionals to lead successful organizations. They must be aware of the latest proven financial skills to make the best decisions.

This course covers the fundamentals a Controller/CFO must know to best work with banks, insurers and bonding companies. Participants will learn how to work with management and use technology to improve accuracy and efficiencies.

Unlike technologies we use every day, many of the currently emerging technologies have the potential to change how we work in the future. This session will cover an assortment of technologies which are nearing mainstream adoption and help you understand what they do, how they work, as well as some of the potential risks and rewards they offer potential users.

Your tax files contain all the information an “evildoer” would need to steal your client’s identity and wreak havoc in the client’s life. IRS Publication 4557 explains that you are expected to preserve and protect the confidentiality and privacy of that data but does not tell you how to use available tools to organize data collection and preservation. In this program, cyber-security expert Chris Jenkins walks you through security risks, the systems you need, and the procedures necessary to protect your clients’ data.

Microsoft Excel offers a wide range of solutions for your common data input requirements, and now tech guru and SCACPA CEO Chris Jenkins gives you the keys in this very applicable course.
Become familiar with these powerful features:

• Auto Fill (a command smart enough to figure out almost any series of data you want to continue)
• Quick Analysis (adds graphical elements to better describe your data)
• Flash Fill (allows you to take two adjoining cells and combine them in a third)
• Text to Columns (used to split data into multiple columns)

This is a must-attend for anyone looking to excel in Excel!

This course is designed for accounting professionals as non-accounting construction industry professionals who want or need a better understanding of construction accounting processes, construction cost management systems, job costs and job cost reporting, the WIP, and the most important elements of a contractor's financial statements.