AICPA's Annual Business Tax Update: Unique Focus for B&I CPAs [TUFE Anc]

Full Description

AICPA's Annual Business Tax Update: A Unique Focus for Business & Industry CPAs

November 10, 2010
AKCPA Office
Anchorage, AK
$295 AKCPA Member Fee
$370 Non Member Fee
$30 Discount for AICPA Members

Finally, a tax course designed to meet the unique needs of financial executives! Get the latest information on tax developments that will impact your company. Recent tax legislation, regulations, cases and rulings will be presented from the internal management perspective. In addition, stay on top of those hard-to-handle issues facing members in industry practice, such as reasonable compensation for shareholders, payroll taxes and worker classification, depreciation, UNICAP rules, travel and entertainment, as well as current multistate tax issues like nexus.

Objectives
Upon completion of this course, participants will be able to:
Comply with the latest tax changes affecting businesses
Improve tax reporting, compliance and record-keeping in your company

Highlights
Accounting periods and method requirements latest information impacting changes in accounting method, expensing versus capitalization, cash versus accrual and those nasty UNICAP rules
Developing a tax administration system the latest on preparing a tax calendar, setting up workpaper files and establishing tax record and retention policies
Identify tax issues and tax planning tips as a result of the most recent Tax Acts, as well as administrative and judicial guidance
The latest updates on payroll taxes, fringe benefits and travel and entertainment rules
Multi-state tax issues and common pitfalls to avoid; how is nexus established for sales and income tax?
Deferred taxes and FIN 48, reporting and controls

Who Will Benefit
Financial executives and other CPAs working in business or industry who want an update on tax issues critical to their company

Level: Update

CPE Credit Hours: 8 (Accepted for PFS, CFP, CMA, CFM and EA continuing education credit)

NASBA Field of Study: Taxes

Prerequisite: A working knowledge of business taxation

Acronym: TUFE

Discussion Leader: Charles Borek, CPA Mr. Borek is Executive Vice President for Tax Services and a principal with the accounting and consulting firm, Cohen, Rutherford + Knight, PC. He is also Of Counsel to the Law Offices of O'Connor & Borek, LLC; the firm which he co-founded in 2000. His practice focuses on tax and financial consulting to individuals, businesses, and nonprofit organizations. Charles has also taught a variety of courses at the University of Baltimore, School of Law and was named Visiting Assistant Professor of Law in 2003. While on the faculty he founded and was director of the University of Baltimore Tax Clinic, which provides free legal assistance to low income taxpayers involved in disputes with the IRS. He is a frequent lecturer for the American Bar Association, Maryland Institute for CPE of Lawyers and the American Health Lawyers Association. Charles is a member of the bars of the U.S. Supreme Court, the U.S. Court of Appeals for the Fourth Circuit, the U.S. District Court for the District of Maryland, the U.S. Court of Federal Claims, the U.S. Tax Court, and the Court of Appeals of Maryland. He currently serves as a commissioner on the Howard County (Maryland) Pension Commission.