Union Chapter CPE Pass - 2023/24

With new funding, the IRS has ramped up enforcement, and tax professionals must be familiar with the latest developments in federal tax laws and tax controversy.

Highlights

We will explore developments in tax collection and penalties, new voluntary disclosure programs, the latest IRS audit campaign initiatives and other hot topics in tax controversy.

Benefits

Learn latest developments in federal tax laws and tax controversy to help your clients.

Designed For

All CPAs and tax professionals

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Join us for a session to heighten your understanding of attest versus nonattest services and the technical concepts of sampling followed by an update on generative artificial intelligence technologies.

Highlights

Accounting & Auditing:

• Review the technical concepts of sampling and how many practitioners misapply or overlook the requirements.
• We will compare attest versus nonattest services, including the requirements for CPAs in industry and practitioners and the impact of the potential oversight.

Generative AI:

• We will look at the benefits of and developments in generative artificial intelligence which is artificial intelligence that is capable of generating text, images, or other media, using generative models.

Benefits

• Gain an in-depth understanding of attest versus nonattest services and learn the potential implications of oversight from regulatory bodies.
• Grasp how the development of AI is one of the largest technological developments impacting accounting.

Designed For

CPAs working in public practice

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This seminar will cover developments and current issues in individual, business and income taxation and include specific focus on trust and estate taxes.

Highlights

• General update in individual and business taxation
• Federal estate, gift and generation-skipping transfer tax update
• “Setting Every Community Up for Retirement Enhancement (SECURE) Act”, including recent treasury regulations
• New Jersey inheritance tax
• Properly structuring an estate plan with a will and/or revocable trust, including issues with a CPA serving as an executor or trustee
• How to advise clients to avoid the pitfalls of family litigation regarding tax and estate matters
• Properly advising corporate clients regarding entity agreements, including related income tax concerns
• Life insurance issues, including the use of irrevocable life insurance trusts

Benefits

Equip yourself with trust and estate tax planning strategies and stay abreast of current issues

Designed For

CPAs and accountants who are involved in preparing tax returns

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Many CPAs are contemplating providing beneficial ownership information (BOI) reporting services for their clients. Understand what’s involved. Then, engage in group analysis of the 2024 tax season.

Highlights

The Corporate Transparency Act (CTA) went into effect on Jan. 1, 2024, and the initial deadlines for BOI filings will begin to come due 90 days into 2024. The first portion of this program will cover:

• The entities that are subject to the BOI reporting rules
• The initial reporting deadlines and the impact of entity formation dates
• The definitions of beneficial owners, categories of substantial control and 25% ownership
• Reporting requirements for company applicants in entities formed after 2023
• Mandatory disclosure information for entities, company applicants, and beneficial owners

Then, we’ll have an open forum discussion about the 2024 tax filing season:

• What went well this tax season and why?
• What training can be implemented to improve next year’s results?
• What procedures can be improved?

Benefits

• Understand BOI reporting requirements and understand how to advise or assist clients.
• Plan for the next tax season.

Designed For

CPAs and tax professionals in public practice

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