Surgent's 2024 Tax Update for Client Advisory Services
4.00 Credits
Member Price $159
Non-Member Price $179
Overview
Client advisory services (CAS) professionals are becoming a more integral part of the operations of any CPA firm. As such, they must stay on top of changing tax law. In this course, we will explore tax changes in areas CAS professionals are involved with - information reporting, payroll tax issues, and tax credit and deduction documentation. We will also discuss relevant changes to individual and business tax returns so that CAS professionals can better assist clients with tax needs in the upcoming year.
Highlights
- Common tax deadlines and penalties
- Employee Retention Credit – new developments
- Beneficial ownership information reporting
- Bonus depreciation changes
- Form 1099 reporting and changes
- Online accounts and IP PINs
- Virtual currency updates
- Green energy credit compliance
Prerequisites
A basic understanding of federal taxation
Designed For
Accounting and finance professionals who are looking to stay current on federal tax issues
Objectives
- Recall common tax deadlines, penalties, and potential remedies
- Identify the requirements and how to file for withdrawal of an ERC claim
- Recognize where to file an initial beneficial ownership report on the FINCEN website
- Identify where to claim deductions for software on Form 4562
- State the differences between 1099-K, 1099-NEC, and 1099-MISC
- Recognize when a taxpayer must file electronically
- Identify when a taxpayer may obtain an IP PIN
- State the reporting requirements for virtual currency
- Recognize reporting and substantiation requirements related to green energy credits
Preparation
None
Leader(s):
Leader Bios
David Peters, CPA Crossings, LLC Two Commerce Square
David R. Peters, CPA, CFP, CPCU, MST, MBA Peters Tax Preparation & Consulting, Richmond, VA & Rock Hill, SC David Peters is an independent tax preparer for Peters Tax Preparation & Consulting, and a financial advisor and outside representative for Carroll Financial Associates. He has over fourteen years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer of Compare.com, an insurance price comparison company - a position he held for over three years. He was also instrumental in the early success of Elephant Auto Insurance, a six state auto insurance carrier, located in Glen Allen, VA. He holds four masters degrees, and is currently pursuing his PhD in Financial Planning. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics in Virginia, North Carolina, and South Carolina. He is an Adjunct Professor in Finance and Accounting at Winthrop University in Rock Hill, SC, and teaches regularly for Kaplan Test Preparation. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures.
Non-Member Price $179
Member Price $159