The SCDOR's Sales & Use Tax Seminars are designed to give tax information and updates to specific industries based on legislative trends and taxpayer requests. The $50 registration fee includes all material and lunch.
During this seminar, The SCDOR will provide overview of Sales, Use and Local Taxes. Advanced portions covered will be specific to the Manufacturing Industry. Topics will include (but are not limited to): information on software, maintenance and similar service contracts; exemptions related to manufacturers, processors, compounders; freight and delivery charges; machine exemption; construction material for manufacturing and distribution facilities; etc.
This course will cover nothing older than the Tax Cuts and Jobs Act of 2017 and will include every IRS explanation of how various parts of that law are supposed to work. These updates are comprehensive reviews of significant developments in Federal tax law, primarily during the last 12 months. The content is essential knowledge for any CPA providing tax advice or assisting in preparation of Federal income tax returns. Learn how the IRS is interpreting parts of the Tax Cuts and Jobs Act. Follow how federal courts are dealing with issues subject to interpretation. Learn planning and compliance strategies from recognized experts that can benefit your clients.Find out more
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.
Upon completion of this course participants will be able to:
• 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.
• Describe the changes to Yellow Book
• Analyze how nonaudit services impact independence