Form W-4 and Other Payroll and Form 1099 Updates. On May 31, 2019, the Internal Revenue Service (IRS) released a draft of the 2020 W-4 form and on December 5, 2019, released the final 2020 Form W-4, Employee’s Withholding Certificate that radically changes the way employee paychecks are calculated.
Before changes, the Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements. The form includes major revisions, including several new input elements for federal income tax withholding calculations, which will require significant reprogramming of payroll systems. The 4 Secrets to Online Client Acquisition to Smash Your CPA Firm's Growth Goals. Often entrepreneurial accountants find their-selves sweating about generating new client base and sustaining the same.
Despite all the offerings of all the modern-age, this is still a challenging task – for all the entrepreneurial accountants irrespective of their size of operations. The goals of this webinar is: To give every attendee the ability to run a highly profitable online marketing campaign. New Audit Report Standards. Alexander Buchholz is a Partner at PKF O’Connor Davies with over 15 years experience in public accounting, including with a “Big Four” accounting firm.
Alex is responsible for the development of the audit approach, supervision of staff, and the establishment and maintenance of the engagement budget. Additionally, he is responsible for the coordination of staff and management so that the audit is performed on a timely basis with as little intrusion to client operations as possible. His expertise is in Single Audits, internal control/compliance audits, and specialized cost reporting. Non-profits PPP Update: Getting PPP Forgiveness. Kara Rajapakse Partner Development Team Lead,OnPay kararajapakse@onpay.com Kara Rajapakse is the Team Lead on OnPay’s Partner Development team.
She earned the Fundamental Payroll Certification from the American Payroll Association and has six years of experience setting up complex client integrations in the SaaS industry. Advanced Excel Skills for Accountants. David Ringstrom, CPA President, Accounting Advisors, Inc david@acctadv.com I own an Atlanta-based training and consulting firm that helps businesses nationwide streamline accounting challenges.
Our specialties include: Microsoft ExcelMicrosoft AccessSage 50/Peachtree AccountingQuickBooks Our services include training, technical support, accounting automation, and problem solving. National Association of Certified Valuators and AnalystsInstitute of Real Estate ManagersGeorgia Society of CPAsSouth Carolina Society of CPAsGeorgia Government Finance Officers AssociationAtlanta chapter, American Society of Women CPAsPerimeter Chapter, Georgia Society of CPAs I teach over 200 live webinars annually on Microsoft Excel across roughly two-dozen training providers.
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know. Best Workshop on S Corporation (Form 1120S) Tax Return Review & Case Study (NEW) With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs an S corporation course focusing on the hottest tax topics and most frequently encountered issues.
This case-driven course will deal with both S corporation and shareholder developments addressing the most common, yet complex Federal S corporation issues and problems. This class will review S corporation tax law by looking at case studies addressing issues and problems at both the S corporation and shareholder level. Each attendee will receive the most comprehensive reference manual with numerous practice aids and real-world examples and case studies. Topics include but are not limited to: J. QUICKBOOKS ONLINE FOR ACCOUNTANTS WORK CENTRE - MANAGING YOU PRACTICE. Intuit has introduced new Practice Management tools inside QuickBooks® Online for Accountants (QBOA).
QBOA Practice Management is a cloud-based solution designed to be the one place for accountants to effortlessly and seamlessly manage workflow, client communications and daily operations. We’ve heard the same tales from accounting professionals when it comes to managing their practice: anecdotes of missed deadlines and the fear that something will fall through the cracks.
Practice Management reduces the number of tools accountants need to manage their practice to just one. This solution is designed to eliminate the disjointed experience of manual tracking, and provide a unified view of work that delivers visibility across all initiatives. With Practice Management, users can easily create and assign tasks directly within QBOA, which are then automatically marked as complete, once they are finished. QuickBooks Online for Accountants (QBOA) new practice management tools include: 1031 EXCHANGES FROM TAX SAVINGS TO WEALTH CREATION: ACCOUNTANTS, CFO, CONTROLLERS, CPAS, & TAX PROS. Daniel Raupp Partner, Fortitude Investment Group, LLC. draupp@fortitudeinvestments.com “Under Daniel's guidance since 2000, Fortitude Investment Group, LLC has guided clients into over $1 billion worth of securitized real estate investment offerings directly and indirectly, in both the DSTs for 1031 Exchanges and REITs.
In the areas of real estate, tax advantaged investments, insurance, retirement, and estate planning, he is able to set up comprehensive, individually tailored client portfolios designed to help manage market volatility and maximize income potential without undue risk. NEW FORM 941, FORM 7200, ERC, TAX CREDITS UNDER FFCRA, & OTHER PAYROLL UPDATES IN COVID-19. The IRS recently released a new version of Form 941 for the second quarter of 2020.
This revised form will account for COVID-19 related tax credits, including the employee retention credit (ERC) and tax credits under the Families First Coronavirus Response Act. We will cover the new Form 7200 for claiming advance payment of the tax credits, and how to reconcile on the Form 941. The course will also review the ERC and FFCRA credits, as well as the ability to defer employer-side Social Security taxes. We will tie everything together with a case study that includes filled out forms. PPP FLEXIBILITY ACT, LOAN FORGIVENESS FORM (3508) AND OTHER PPP UPDATES (LATEST REVISED) In a rare display of bipartisanship, on June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) in an attempt to address many concerns expressed by the small business community around the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief.
What are the changes? How are they going to Impact small business and their filings, we would be covering the details of each and every update in this classes and not just news articles but a finer understanding of the changes & relaxation brought by this bill in the area. How To Accurately Prepare the 709 Gift Tax Return. Preparing gift tax returns (Form 709) seems relatively simple. However, there are lots of traps for the unwary. Moreover, unlike income tax returns, mistakes are not quickly beyond audit and are often uncovered when the client dies – providing years. Many taxpayers made gifts in the last year to transfer substantial assets at little to no Federal gift tax cost to take advantage of the significant federal gift tax exclusion.
Proper compliance with the complex gift tax rules remains necessary to protect and preserve the advantage of the current exclusion levels. Advanced 1031 Exchange and Delaware Statutory Trusts: Tax Savings to Wealth Creation. Jeffrey Bangerter has been working in the Financial Services since 1979; helping his valued clients prepare for and enjoy a comfortable retirement. Jeffrey has spent the time necessary to get all the licenses needed to be able to put together a proper plan. He is an Enrolled Agent Tax Professional, Mortgage Loan Originator, Investment Advisor Representative, Registered Securities Representative, Insurance Agent and has his Real Estate License.
We empower clients with knowledge to help make smart informed choices as they enter their Golden Years, we make things easy to understand so it becomes clear the direction that should be taken. Our goal is to help people maximize social security, create incomes, provide professional money management, protect your assets from long term care. Schedule C - Form 1040 (2020)
Course Description Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. Advanced 1031 Exchange and Delaware Statutory Trusts: Tax Savings to Wealth Creation. Jeffrey Bangerter has been working in the Financial Services since 1979; helping his valued clients prepare for and enjoy a comfortable retirement. Jeffrey has spent the time necessary to get all the licenses needed to be able to put together a proper plan. He is an Enrolled Agent Tax Professional, Mortgage Loan Originator, Investment Advisor Representative, Registered Securities Representative, Insurance Agent and has his Real Estate License. We empower clients with knowledge to help make smart informed choices as they enter their Golden Years, we make things easy to understand so it becomes clear the direction that should be taken. Our goal is to help people maximize social security, create incomes, provide professional money management, protect your assets from long term care.
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know. 10 Secrets the Credit Card Processing Industry Doesn't Want You to Know. Every year, businesses pay approximately $180 billion in credit card processing fees. 2020 ETHICS FOR WASHINGTON CPAS.