Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made
This course walks you through the changes to contribution guidance for Not For Profit Entities, and will cover changes to what is a contribution verses an exchange transaction. We’ll also look at the changes to the treatment of contributions and the new guidance regarding conditions.
Getting a Handle on Contract Closeouts
True or False: A government contract is complete once you’ve made final delivery of your required goods and services and the Government has made its acceptance. Answer: False. In order to be truly complete, government contracts are required to be closed officially in accordance with FAR 4.804-1(a), Closeout of Contract Files, and FAR 4.804-5, Procedures for Closing Out Contract Files.
TCJA – Clarifying the Rules and Benefits of Cost Recovery
The TCJA provisions and the tangible property regulations can work to drive “capital” expenditures into tax deductions. Our Federal Credits and Accounting Methods Team will present a discussion of the many complicated rules to follow in expensing, capitalizing, depreciating and disposing of fixed assets. Don’t miss an opportunity to write off an asset for your clients.
Mid-Year Report on IRS Audits, Announcements and Other Activity
The IRS is tackling a major new tax law, adjusting to changes in leadership and managing its technology issues all to serve the interests of America’s taxpayers and the interests of the Federal Government. We will review highlights from recent announcements about audit campaigns, IRS examination statistics, potential new audits of cryptocurrency accounts and the closing of certain offshore bank account disclosure programs. We will also look at recent legislation, cases, and IRS announcements that can impact how IRS examines partnerships or assesses penalties. News important to every taxpayer.
TCJA – Compensation, Benefits, and Other Business Expenses
Does “entertainment” include lunch with a customer? What’s the new rule about employee parking and commuting benefits? Does the new FMLA wage credit apply to your business? How do 2018 income tax withholding tables and rates impact employees? Deborah Walker, our Firm leader for tax compensation and benefits planning discusses the TCJA’s new rules for benefits, new limits on deductions, and what tax business owners and employers need to know now.
2018 GASB Update
The GASB continues to be busy with new statements and implementation guides. This webinar covers an overview of the most recent GASB statements including OPEB, Asset Retirement Obligations, Fiduciary Activities, Omnibus 2017, Debt Extinguishment and Leases. We also cover recent implementation guides and what you need to be thinking about in implementing each of these standards.