Discussion LeadersMaurice Holloway, CPASabrina Conyers, CPAFind out more
What has our legislature done? What is happening with sales tax on e-commerce? What is
happening with Nexus issues? What new tax administration tools have been given to the DoR?
What is new in the world of sports? Has medical mentoring been taken to a new level?
Answers will be provided from legislation, cases, rulings, and personal experience. Key DoR
publications will be highlighted as excellent resource materials..
Cases, Rulings, Regulations, FAQs … it’s been a busy year for those who have responsibility for advising clients on tax matters and assuring proper preparation of tax returns. Fallout from the TCJA of 2017 continues to raise questions and create opportunities to help clients reduce their Federal income tax burden.
• Code Section 163(j) – Business interest limitation
• Code Section 168(k) – Qualified Improvement Property and any late changes to allow 15-year life
• Code Section 179 – Election to expense certain depreciable assets
• Code Section 199A – Qualified business income
• Code Section 461(l) – Excess business losses of non-corporate taxpayers
• Income tax regulations issued to implement portions of the TCJA of 2017
• Revenue Rulings, Notices, Revenue Procedures providing compliance guidance for new tax law
• Changes to Kiddie Tax
• Limits on itemized deductions
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
- Financial instruments
- SAS 133
- SSARS 24
- AICPA Auditor’s Report
- Enhancing audit quality initiative