Accounting Methods Update
We hope you will join us for our CPE event designed to provide tax professionals with the latest updates on accounting methods. Topic areas include:
- IRS Notice 2017-17 – Revenue Recognition Automatic Change
- IRS Rev. Proc. 2017-30 – New Automatic Accounting Method Changes List
- IRS IR 2017-102 – E-payment Required for Private Letter Rulings
- IRS Rev. Proc. 2017-33 – Guidance of PATH Act changes to IRC §§ 168(k) and 179
- IRS Action on Decision, AOD 2017-02 on Stines
- … and more!
Participants will be able to:
- Recognize the new revenue recognition impact on tax implications, including industry specific accounting methods considerations
- Recognize the significant accounting methods changes to the automatic accounting method changes
- Apply the new electronic payment of user fees, as required by the IRS
- Clarify the impact of Rev. Proc. 2017-33 on IRC §§ 168(k) & 179
- Describe the impact of Stine on retail, or like clients
- Ron Wainwright, CPA, Tax Partner | Cherry Bekaert LLP
A Tax Partner with more than 25 years of experience in the area of taxation, Ron serves a diverse client base including multi-national, public and closely held companies. Clients who depend on Ron’s guidance inhabit a number of industries including manufacturing, distribution, technology and life sciences, real estate and construction, and private equity. Based in the Firm’s Raleigh office, Ron guides clients through a number of taxation matters including international and domestic tax, provisions, FIN 48, tax controversy and complex transactional matters. A leader of Cherry Bekaert’s Credits & Accounting Methods practice, Ron has extensive practical experience bringing value to clients. Prior to joining Cherry Bekaert, Ron was a Tax Partner with an international firm for ten years, followed by several years with a regional firm. During his career, Ron spent seven years in a national tax role in Washington, D.C., focusing on domestic and international tax issues, mergers and acquisitions and IRS tax controversy matters.
- David McCallum, Manager | Cherry Bekaert LLP
Located in the Firm’s Raleigh office, David is a Manager on the Credits and Accounting Methods Team in Cherry Bekaert’s Specialty Tax Group. He helps clients find various benefits by implementing accounting method changes and taking advantage of a host of Federal credits and incentives. In addition, David represents Cherry Bekaert in numerous IRS audits and appeals matters, while continuing to develop the Firm’s IRS practice and procedure strategies. Outside of the Firm, David is licensed to practice law in North Carolina and Washington, D.C. Prior to joining Cherry Bekaert, David was a Senior Attorney with the IRS Office of Chief Counsel where he represented the IRS before the United States Tax Court and the United States Bankruptcy Court. He also assisted the Department of Justice in various Federal courts, and provided legal advice, outreach, and training to the IRS concerning individuals, small corporations, S corporations, partnerships and procedure.
- Carolina Stephenson, Senior Associate | Cherry Bekaert LLP
Located in the Firm’s Raleigh office, Carolina is a Senior Tax Associate on the Credits and Accounting Methods Team in Cherry Bekaert’s Specialty Tax Group. She focuses on complex tax law research, and provides tax credit services to commercial businesses, and multi-state and international companies. When dealing with clients in a variety of industries, Carolina focuses primarily on Research & Development credits, Domestic Production Activities Deduction, and Accounting Methods. Outside of the Firm, Carolina is licensed to practice law in North Carolina. Prior to joining Cherry Bekaert, Carolina was a family law attorney counseling clients on asset distributions and their tax consequences. She also interned with the IRS Office of Chief Counsel and several civil litigation law firms where she worked on various tax and environmental issues ranging from disputing easements, contesting federal and state taxes and credits, and drafting contracts.
Prerequisites | None
Advanced Preparation | None
Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category | Taxes
*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org
Cherry Bekaert Continuing Professional Education: Statement of Administrative Policies
Complaint Resolution Policy
Cherry Bekaert will make every effort to provide the best training courses possible. In the event participants are not completely satisfied with the training course and wish to file a complaint, please contact Karen McManus at firstname.lastname@example.org or 804.673.5748 within 10 business days of the event. Information about the course such as date, location, instructor and nature of complaint must be provided. Complaints may also be made in writing to Cherry Bekaert LLP, 200 South 10th Street, Suite 900, Richmond, VA 23219, ATTN: Karen McManus
Record Retention Policy
Cherry Bekaert will retain all Continuing Professional Education (CPE) documents for five years from training course date. These records will include:
- Course outline
- Course content and handouts
- Sign in sheets
- Dates and locations of training courses
- Instructor credentials
- Course evaluations
- CPE certificates stating amount of recommended CPE credit
Refund and Cancellation Policy
Cherry Bekaert reserves the right to cancel or reschedule any training courses up to 10 business days prior to the date of the event. Full refunds will be provided to registered course participants if the course is canceled or if participants are unable to attend the rescheduled event.
Participants who must cancel their course registration 10 or more business days in advance of the event must contact Karen McManus to receive a full refund of all fees paid. Participants who must cancel their registration within 10 business days of the event, will not receive a refund.