Course Description: 2018 is going to be another busy year for FASB and the Auditing Standards Board. This eight-hour course delves into the hot issues facing private companies for both industry CPAs as well as CPAs in public practice. We will cover: FASB Accounting Standards Updates; recent developments in the Private Company Council (PCC), as well as the new leases standard; implementing the new revenue standard with real-life examples; accounting and auditing changes impacting employee benefit plans; implementing the new nonprofit financial statement standard; updates to compilation and review; auditing standards and more.
• Identify the most pervasive accounting updates issued by the FASB
• Apply the main provisions of the new revenue standard
• Review the recent clarifications issued on the new lease standard
• Identify the changes coming to employee benefit plans and auditing updates
• Discuss recent developments on compilation and review engagements
Until recently, many businesses weren’t overly concerned about sales tax. They knew they needed to collect and remit in the state in which they resided, but beyond that, their compliance burden was limited.
Are you a business taxpayer with annual gross receipts of $25 Million or less? If so, you may be eligible to take advantage of new Small Taxpayer Safe Harbors that could generate significant tax savings and simplify your tax returns in future years!
State and local sales tax compliance is always evolving, making it important to stay up-to-date on changes affecting your tax liability and responsibilities. This session will cover what you need to know regarding the recently enacted state and…