Seminars

DUE TO COVID ALL EVENTS WILL BE HELD ONLINE UNTIL FURTHER NOTICE

Post-COVID the seminars are normally held at the Trevose Radisson Hotel located at 2400 Old Lincoln Highway, Trevose, PA, 1/4 mile south of PA Turnpike Interchange 351 unless otherwise indicated. Attendees are responsible for their own room reservations: (215) 638-8300 (see map below)

Paying by Credit Card?
Online Registration is available at
PSTAP.org

All program registrants will be confirmed by Email

The PSTAP BuxMont Chapter has the virtual CPE you need! 

CPE Schedule

Jennings Seminars

May 20, 2022

Surgent Real Estate Taxation/Critical Considerations  In-person 8 a.m. – 4:00 p.m. with speaker, Susan A Smith, 8 hours Tax (Federal)  

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Course Description: This course is a ‘deep dive’ into many aspects involving the taxation of real estate for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, operating, and selling real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact the Tax Cuts and Jobs Act continues to have on the real estate industry, as well as the impact of COVID-19. Major Topics: • The impact the Tax Cuts and Jobs Act has had on the real estate industry • Determining the basis when acquiring real estate • Rental operations • Depreciation and recapture • Calculation of gain or loss on sale of real estate • Passive activity losses • Installment sales Learning Objectives: • Learn how the Tax Cuts and Jobs Act has directly impacted the real estate industry • Learn how to determine the taxpayer’s basis in the property • Learn how the IRC taxes rental operations • Understand the complex rules of depreciation, bonus depreciation, and Section 179 and how they impact the real estate industry • Learn how to calculate the gain or loss upon the sale of real estate • Understand the passive activity rules • Understand the installment sale rules Designed For: CPAs who advise clients or their company on issues related to the acquisition, operating, and selling of real estate.

Jennings Seminars

June 20, 2022

Jennings-TaxSpeaker Practice Management Webinar 8 a.m. – 4:00 p.m., with speaker, Bob Jennings CPA, EA, 8 hours Other

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Course Description: Was tax season 2022 your most difficult and least profitable seasons in recent memory? What will you change for 2023 to improve it? As one of the most challenging courses ever taken, we jump right in to changing the outmoded and old-fashioned billing practices many firms use. With letters, real-life experiences from having sold 3 self-built CPA firms and bought over 20 smaller firms and practical guidance honed from dozens of mistakes we show you how to grow and operate a small firm efficiently and profitably while dealing with clients and employees. Designed specifically for firms with fewer than 20 professionals, this class includes the rarely available “Exit Strategies” course about how to buy, sell, and merge a firm, and add a partner. We begin by analyzing how much you make and how much you should me charging, based on your opinions. We then address competition, growth and most importantly, efficiency tools, moving to employees and ending with exit strategies.

Jennings Seminars

Jennings-TaxSpeaker
Course Title: Jennings-TaxSpeaker
In-Person 8 a.m. – 4:00 p.m., with speakers Bob Jennings CPA, EA & Terry Bakker CPA, EA, 8 hours Federal Tax

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Course Description: This new course for 2022 will begin by explaining major crypto-currency concepts and then going knee-deep into tax compliance and reporting issues, while including dozens of examples and completed forms. We will discuss and explain crypto, NFT’s, staking, nodes and lending and more while also discussing FBAR and FATCA issues. We will then review the latest technology changes affecting tax offices while keeping an eye on, and providing guidance and recommendations for security in the tax office. The last portion of the day will be devoted to discussing and illustrating tax reporting for emerging tax issues such as social influencers, consumer-to-consumer sellers, personal asset rentals and service based activities. At the conclusion of the class the student will be able to identify major tax issues in order to comply with IRS guidance while preparing these returns.

Surgent Accounting, Auditing & Attest Update for Practitioners with Small Business Clients In-person and webinar 8 a.m. – 4:00 p.m., with speaker, Thomas Newell, Jr., CPA, 8 hours A&A

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Course Description: Specifically tailored for practitioners who not only perform audits but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small and medium-sized business accountants. The course also discusses the common financial reporting implications of COVID-19. The course uses practical examples and illustrations to help you understand and apply the material in practice. Through a detailed review of the new lease accounting guidance, common special purpose frameworks, and new guidance related to audits and SSARS engagements, this course will get you up to speed on the things that are most important to your smaller and medium-sized clients. Major Topics: • Private company standard setting activities • Small and medium-sized business-related ASUs • Lease accounting update • Lessons adopted from the adoption of Topic 606 • Going concern considerations related to COVID-19 • Special purpose frameworks — Cash, modified cash, and tax basis • Common small and medium-sized business financial statement errors and deficiencies • Newly issued SSARS and SSAE standards • SASs effective for 2021 year-end audits Learning Objectives • Keep abreast of current private company standard setting activities of the PCC • Review recently issued accounting and non-audit attestation pronouncements and hot topics • Identify key accounting implications related to new ASUs and ASC Topics 842 and 606 • Understand new guidance applicable to auditing, SSARS and attest engagements • Be aware of other important guidance affecting small and medium-sized business practitioners Designed for: Practitioners at all levels who provide non-audit and non-attest services to small and medium-sized businesses desiring to remain up-to-date on recent pronouncements and other standard setters activities and professional guidance. Prerequisite: Experience in accounting and auditing.

Jennings Seminars

Surgent Tax Forms Boot Camp – LLCs, PTs, and S-Corps In-person and webinar  8 a.m. – 4:00 p.m., with speaker Nicole M. DeRosa, CPA, MAcc, 8 hours Federal Tax

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Course Description: This course provides a comprehensive, hands-on, pencil pushing understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course uses the basic concepts underlying the two main types of business returns: 1120S and 1065 as building blocks for the more complex concepts tax preparers should be aware of. The theoretical concepts get illustrated in comprehensive examples that incorporate the most up-to-date law changes and provisions, including those of CARES Act, Tax Relief Act, ARPA as they specifically apply to Forms 1065 and 1120S. Very importantly, this course covers the concepts behind the newly enacted transactional method for partnerships, ‘behind-the-scenes’ reconciliations and hands-on examples of presenting reporting partners’ capital accounts per these provisions. Major Topics: • Compare and contrast the tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation • Gain a comprehensive understanding of income tax laws for S corporations from eligibility and election, to tax return preparation, stock basis, and loss limitation issues • Recognize and properly handle special pass-through items of income and expense • Accurately prepare S corporation returns and reconcile book income to taxable income • Accurately prepare partnership returns and reconcile book income to taxable income • What the transactional method entails and how to report partners’ capital accounts under this method • Properly handle the tax treatment of distributions to shareholders, partners, or members • Understand the special restrictions and sanctions for tax year-end selection • Review the basics of partnership and LLC formation and basis calculation • Self-employment tax or NOT, for each entity • Filling in K-1s correctly for S corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S corporation forms and content • The most frequently used forms and schedules, including some form “oddities” Learning Objectives • Learn in detail about the preparation of Form 1120S, Schedules M-1, K, and K-1 • Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1 • Identify and handle commonly found S corporation and partnership tax issues Designed for: All levels of staff and company controllers responsible for filing these forms.

 
Jennings Seminars

Jennings-TaxSpeaker 1040 Tax webinar 8 a.m. – 4:00 p.m., with speaker Bill Leonard CPA, MAFF, CGMA, 16 hours Federal Tax

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Course Description: Also qualifies for 14 hours CLE for attorneys. Jennings-TaxSpeaker’s 1,100 page course manual supports the Form 1040 with TaxSpeaker’s® 1040 Tax in Depth course! Fully updated for 2022, this course includes detailed coverage and planning ideas from all legislative and administrative changes in 2022, plus any last minute legislation. This will also include in-depth analyses of all court cases and IRS pronouncements specially focused on sole proprietorship and retirement issues as well as our annual review of common preparation issues. Because all speakers are also practicing professionals you receive practical insight and planning issues throughout the two days. As our flagship course, we take particular pride in its consistent quality and provision of the most thorough and hands-on individual tax preparation guidance. The included manual is bursting with over 1,300 hyperlinked citations to the accompanying free online tax research library. On top of that, it is America’s only Form 1040 manual to be regularly and independently recognized as the Top Research Live Course CPE Manual. Its 1,100+ practitioner-written pages are saturated with logically organized guidance to complement the IRS’s methods for assembling returns. This manual is available both in print and digital formats to course attendees, who also enjoy the value of energetic and knowledgeable teaching from our expert instructors. Participants also receive practical guidance, dozens of checklists, worksheets, and client letters, plus “What’s New” information. If you are choosing a live seminar, your fee also includes a hyperlinked PDF of the manual, four-page laminated desktop reference “Fingertip Facts,” and a free 2-hour self-study ethics course. Upon completion of this course, attendees will be able to properly prepare, report amounts on, file, and deduct disaster losses from Form 1040. We will also teach you how to determine which credits clients may qualify for on their 1040 returns to reduce taxable income, including methods to save for their dependent children’s college education and other education credits and deductions. In addition, this course covers appropriate handling of IRS client audits, compliance with Circular 230 ethics regulations, and advice for clients under military special taxation rules. 

Post-COVID ALL PROGRAMS WILL BE HELD AT THE TREVOSE RADISSON HOTEL

Map for Radisson Seminars