CPE Catalog & Events

K2’s Advanced Excel

• Collaboration and security techniques• Tables, data models, and PivotTables• Advanced formulas• Data queries• Creating effective visualizations

Reviewing Individual Tax Returns: What Are You Missing?

Common errors made involving the following tax topics: Section 199A qualified business income deduction, Home office, Hobby losses, Self-employment health insurance, Business start-up costs, Depreciation, Unreported income, Schedule C issues, Like-kind exchanges, Self-employment tax, Sections 1202 and 1244 stock, Charitable contributions of property

Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers

Reviews of portions of error-prone "staff-prepared" Forms 1120S and 1065 from client-provided information, What are common errors preparers make and what are the areas generating malpractice claims? Initial administrative groundwork, The importance of Schedule M-1, Reporting requirements for Schedules K-2 and K-3, Don't fall prey to reporting oddities, When can seemingly separately stated Schedule K items actually be trade or business items to report on Forms 1120S or 1065, page 1? Form 1120S - What exactly is terminating S elections today? How do I recognize a second class of stock? Maintaining shareholder basis schedules; beware of final IRS regulations regarding "open debt"; the default method of calculating basis versus the election under Schedule 1367; can an S corporation distribute earnings and profits from C corporation years? Form 1065 - Why use Schedule 704(b) to maintain capital accounts; Schedule 704(c) regulations for preventing the shifting of tax consequences among partners or members; allocating recourse, nonrecourse, and qualified nonrecourse debt; a review of Schedule 754 step-up in basis rules, Multiple checklists of efficient procedures to identify potential issues on an 1120S or 1065 tax return

Federal Tax Update for Individual with Greg and George WEBCAST

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

Federal Tax Update for Business with Greg and George WEBCAST

Important new cases. Crucial legislative developments. Review administrative releases including revenue rulings, revenue procedures and notices.

2024 Individual Income Tax Workshop With Bill Harden

The Child Tax Credit, Dependent Care Credit, Premium Tax Credit and Earned Income Credit; forgiveness of debt; charitable contribution deductions; the Kiddie Tax; taxation of damage awards; tax benefits for education including the American Opportunity Tax Credit; capital gains and losses; §1031 exchanges; qualified opportunity funds; gain exclusion upon sale of principal residence; qualified plans and individual retirement accounts (including changes made by SECURE Act 2.0); interest deductions, including the home mortgage interest deduction; medical expenses; deduction for state and local taxes; home office deductions; hobby losses; and the passive activity limitations.¦ Significant 2023 Developments Including: Any new 2024 legislation; court cases, rulings and other non-legislative developments including new guidance on qualified plans, RMDs, virtual currency, green energy credits, and much more.¦ Planning ideas, including planning with new tax legislation.

K2’s QuickBooks For Accountants

• New features in QuickBooks Desktop and Online• Enhancing internal controls in QuickBooks-based environments• Improving financial and operational reporting when using QuickBooks and QuickBooks Online• Best practices for setting up companies

K2’s Small Business Internal Controls, Security, and Fraud Preventionand Detection

• Common challenges associated with implementing appropriate internal controls in small business environments• Fraud in small business environments• Internal control options in small business accounting software• Understanding the need for application controls and general controls

The Complete Guide to Preparing Forms 706 and 709

How to prepare a federal estate tax return (Form 706), How to prepare a federal gift tax return (Form 709), How to comply with "Portability", Issues involved in the preparation of the decedent's final federal income tax return (Form 1040), Various postmortem estate planning issues involved in the preparation of the abovementioned tax returns, Complete understanding of estate and gift taxation

The Bottom Line on the New Lease Accounting Requirements

Lease classification, Amortization of the lease asset, Derecognition of the underlying asset, Recognition of lease receivables

K2’s Excel Essentials for Staff Accountants

• Best practices for creating and working with Excel workbooks• Effectively using Excel functions when creating formulas• The importance of PivotTables in modern reporting environments• Best practices for formatting your workbooks

Financial Statement Disclosures: A Guide for Small and Medium-Sized Businesses

Financial statement disclosures for small and medium-sized businesses, Balance sheet, income statement, and statement of cash flows presentation and disclosure issues, Disclosure examples from all sized entities which you can use to base your disclosures on Developing disclosure issues, including disclosures related to the adoption of Topic 606

K2’s Technology for CPAs - Don't Get Left Behind

• Emerging technologies all business professionals should know• Considerations associated with upgrading to Windows 11• Practical options for protecting your data• New features in commonly-used applications such as Excel and Adobe Acrobat DC

CFO - Management Superpowers

Five Management Superpowers. "Management is about persuading people to do things they do not want to do, while leadership is about inspiring people to do things they never thought they could." - Steve Jobs. We will discuss five key management strategies and skills that every successful manager has. We walk through the A-to-Z of effective management from the standpoint of self, team, and individuals. It is not enough to be a `good' manager and excel in our field, we need to be more than the subject matter expert. The five management superpowers will bolster management skills for better leaders and is a proven path for those who desire to ascend the ranks to higher leadership. Leadership is a skill that can be learned, and you can learn how. How feedback becomes effective. How to develop listening skills. Cultivation of self, cultivation of team members as individuals, cultivation of team members as a group. How to create a working environment in which team members feel acknowledged and "heard". Inspirational motivation for team success. Relational communication skills that increase productivity. The `secret sauce' that holds communication and professional relationships together on the individual and team level in the short and long term. Accepting Perfectionists: Understanding & Adapting. You may know people who believe, "Good, is never good enough." They are sharp, driven, push themselves, have lofty standards, and may focus on the negative. They wear themselves out and others as well. Could they be perfectionists? Perhaps we have some of these tendencies? We will discuss perfectionists from several perspectives and how to harness their skills to enhance results. Perfectionism is a mindset, not a disease. We will review actions to take so that perfectionists may learn how to transform their behaviors. Based on research and proven methods, we will discuss tactics that may help. If you know at least one perfectionist, this session will significantly help you and them. Why perfection is not obtainable. The wonderful attributes of perfectionists. The not so wonderful attributes of perfectionists. Why do most attempts to deal with perfectionists fail? What works? Why many perfectionists are procrastinators and masters of self-punishment. Tactics to help the perfectionist become more effective. Is the climb worth the view? Why You Should Be a Learnaholic: Staying Ahead! Successful people do know one secret that keeps them on top? The answer is - they are lifelong learners. It is a mindset and a way of life that they learned to utilize. You did not miss out, those not born with this ability have hope. This course provides quantifiable research to support that learn-a-holics (or lifetime learners) are clearly more successful, as well as practical actions on how you can stop being left behind and start getting ahead by adopting the habits and mindset of a lifelong learner. The crux is to expand your mind and expand your possibilities. This is the recipe for success you don't want to miss! The key mindset difference between extremely successful people and others. Learning styles: What they are, why they matter, and what your unique learning style is. The seven essential elements for lifelong learning success. Two daily habits that can make this lifestyle transition easier. A learning technique that works regardless of your personal learning style. "How-to" guide to starting your new life as a learn-a-holic. Advancing Your Role as a Business Leader. Knowing the numbers is a valued skill, but not nearly enough to make you a real business leader. True leaders put in the work and make sacrifices for others. Leadership is a learned skill, a skill that must be practiced. It may look simple, and it is - only if you know what to do and how to do it. Leadership requires one to develop a greater understanding of intangibles that are difficult to quantify - but are priceless. The best leaders care about others, are trustworthy and are credible. We will discuss proven tactics to enhance those skills. Worthy for those who want to become even more valuable as a business leader. Leadership is earned, not given. Leaders understand: Human nature,. Others and Themselves. You have to care! The need for better relationships, credibility, and trust. Lessons from great leaders. Steps to becoming a better leader.

Reviewing Partnership Tax Returns: What Are You Missing?

Form 1065, Schedules K and K-1, Schedules M-1 and M-2, Form 4562, Form 4797.

K2’s Excel PivotTables for Accountants

• PivotTable fundamentals, including Recommended PivotTables and the six elements of PivotTables• Formatting PivotTables• Advanced PivotTable techniques and options, including consolidation PivotTables, user-defined calculations, and working with Power Pivot• Analytical techniques available in PivotTables

2024 Federal Tax Update With Don Farmer

A review of the latest new law provisions affecting 2024 returns including developments relating to SECURE 2.0 andthe Inflation Reduction Act. 2 A review of any tax legislation enacted in 2024. FinCEN’s beneficial ownership information reporting rules.  Regulations modifying the required minimum distribution (RMD) rules for 2024.  An analysis of 2024 developments relating to energy credits, including energy efficient improvements to residences anddevelopments concerning electric vehicles.  Employee Retention Credit Developments.  1099-K reporting rules for 2024.  Digital asset developments.  New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses.

Annual Conference Sponsorship

K2’s Excel Best Practices

• Best practices associated with creating Excel workbooks, including managing workbooks• How to secure Excel workbooks• Collaboration options and best practices in Excel• Effective reporting techniques in Excel