Laura Strombom, EA MBA NTPI Fellow

 
 
 

Bio

When Laura Strombom graduated from college with a degree in animal science, she had no idea that one day she'd end up in the accounting field. While taking courses to make her a better business owner, Laura discovered a passion for numbers. From there, her interest in bookkeeping, accounting, and tax preparation grew. After acquiring management experience from a major retailer and new skills as a controller for a few small, family-owned businesses, Laura launched All About Numbers in 1995, where she offered bookkeeping, payroll, accounting software support, tax preparation, and other related services. While growing her business, Laura obtained an EMBA, became an EA, and became a National Practice Institute Fellow. When not focused on business, Laura enjoys riding her horses on the local trails and spending down-time with her dogs.

 Instructor's Courses

 

 

On-Demand WebinarBusiness and Personal Use Vehicles<h3>Summary</h3> <p>There are several different ways for deducting expenses related to vehicles. For example, the employer could own the vehicle&nbsp; and deduct actual expenses. Alternatively, the employee could own the vehicle and receive reimbursement for business use through an accountable plan.&nbsp; Which is better—the employer owning the vehicle or the employee? In this webinar, we will discuss how to treat business and personal use vehicles and what can be deducted.</p> <iframe src="//fast.wistia.net/embed/iframe/rx7nhnwfww" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="181"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate the taxable income from the personal use of an employer-provided vehicle.</li> <li>Identify the benefits of an accountable plan.</li> <li>Identify the deductible expenses related to a vehicle.</li> </ul><h3>Course Details</h3> Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.2016-11-29T05:00:00Z2017-12-31T05:00:00ZNone2016-11-29T05:00:00Z0N/AODW1621Basic2Federal Tax Law Topic2016-11-29T05:00:00ZQAS Self Study$55 for Members and $67 for Nonmembers2Federal Tax Law Topic22TaxesNoneLaura Strombom, EA, MBA, NTPI Fellowhttp://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z
On-Demand WebinarIn-Depth Analysis of Select Schedule A Deductions<h3>Summary</h3> <p>Sometimes the simplest things in tax preparation can be difficult. For instance a Schedule A of Form 1040. Some deductions, if not all, can require in-depth research and expertise because the expenditure is outside of the ordinary. Take this webinar to receive information to help you determine if an expenditure you encounter is deductible. </p> <iframe src="//fast.wistia.net/embed/iframe/gi2xh1aj9b" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="150"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Examine special medical expense that qualify for a deduction.</li> <li>Analyze the home mortgage interest deduction.</li> <li>Identify deductible charitable contributions.</li> <li>Examine deductible employee business expenses.</li> <li>Identify miscellaneous itemized deductions.</li> </ul><h3>Course Details</h3> Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.2016-09-16T04:00:00Z2017-12-31T05:00:00ZNone2016-09-16T04:00:00Z0N/AODW1614Basic2Federal Tax Law Topic2016-09-30T04:00:00ZQAS Self Study$55 for Members and $67 for Nonmembers2Federal Tax Law Topic22TaxesNoneLaura Strombom, EA, MBA, NTPI Fellowhttp://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z
On-Demand WebinarPartnership Basis – A Calculation You Can Handle<h3>Summary</h3> <p>Have you ever asked yourself what is the difference between a partner’s inside and outside basis? To properly advise your partnership clients, you need to know the difference between the two and how to calculate the amounts. In this webinar, you will learn how to calculate a partner’s inside and outside basis and why the capital account doesn’t necessarily equal the partner’s basis.</p> <iframe src="https://fast.wistia.net/embed/iframe/nts7jmkzrw" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="480"></iframe> <script src="https://fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Define basis for tax clients.</li> <li>Define inside basis for tax clients.</li> <li>Correctly calculate inside basis.</li> <li>Define outside basis for tax clients.</li> <li>Correctly calculate outside basis.</li> <li>Describe the differences between inside and outside basis to tax clients at the tax desk.</li> <li>Analyze how basis affects partners.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.</p>2017-06-14T04:00:00Z2017-12-31T05:00:00ZNone2017-06-14T04:00:00Z0N/AODW1707Intermediate2Federal Tax Law Topic2017-06-14T04:00:00ZQAS Self Study$56 for Members and $68 for Nonmembers2Federal Tax Law Topic22TaxesKnowledge of basic Partnership TaxationLaura Strombom, EA, MBA, NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20172018-12-31T05:00:00Z
On-Demand WebinarReporting PTPs<h3>Summary</h3> <p>As a tax pro, you’re probably familiar with partnership Schedule K-1s. However, if you have clients who own interests in publicly traded partnerships (PTPs), there is a volume of information reported on a PTP Schedule K-1 that you need to understand to properly report it on an individual tax return. Take this webinar to become familiar with how to do so.</p> <p>Every year, many taxpayers purchase interests in PTPs. They are relatively easy to purchase through a broker, but not as easy to report. In this webinar, you’ll learn common income, deductions and other items reported on Schedule K-1 and how to correctly report these items.</p> <iframe src="https://fast.wistia.net/embed/iframe/u59169j9rg" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe a PTP.</li> <li>Identify common types of income, deductions, credits and other items reported on PTP Schedule K-1.</li> <li>Correctly report income, deductions, credits and other items from PTP Schedule K-1 on an individual income tax return.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.</p>2017-10-16T04:00:00Z2018-12-31T05:00:00ZNone2017-10-15T04:00:00Z0N/AODW1719Intermediate2Federal Tax Law Topic2017-10-16T04:00:00ZQAS Self Study$56 for Members and $68 for Nonmembers2Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxLaura Strombom, EA, MBA, NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20172018-12-31T05:00:00Z
On-Demand WebinarThe Mechanics of the LLC Membership Changes<h3>Summary</h3> <p>As your LLC clients’ businesses change, make sure you’re able to advise them through this transition. In this webinar, we will walk through the process of changing an LLC from a single- to multiple- member LLC and back. You will also learn the tax consequences of these changes.</p> <p>LLC clients have the option of admitting or removing a member of their LLC. While Revenue Ruling 99-6 provides steps for changing the mechanics of an LLC, the process is not simple. In this webinar, you’ll be provided with a scenario where a single member LLC admits a partner, learn the tax consequences of reducing a multiple member LLC to a single member LLC and learn how to increase a single member LLC to a multimember LLC. If you have LLC clients, this is a key webinar for you! </p> <iframe src="https://fast.wistia.net/embed/iframe/kjdrx1by5v" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>List the steps for properly transitioning from a single member LLC to a multi-member LLC.</li> <li>Identify the tax consequences for the LLC and LLC members of changing from a single member LLC to a multi-member LLC.</li> <li>Identify reporting requirements of the multi-member LLC.</li> <li>List the steps for properly transitioning from a multi-member LLC to a single member LLC.</li> <li>Identify the tax consequences for the LLC and LLC members.</li> <li>Identify reporting requirements of the single member LLC.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.</p>2017-08-30T04:00:00Z2018-12-31T05:00:00ZNone2017-08-30T04:00:00Z0N/AODW1715Basic2Federal Tax Law Topic2017-08-30T04:00:00ZQAS Self Study$56 for Members and $68 for Nonmembers2Federal Tax Law Topic22TaxesNoneLaura Strombom, EA, MBA NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20172018-12-31T05:00:00Z
On-Demand WebinarThe Nuts and Bolts of Partnership Liquidation<h3>Summary</h3> <p>In a perfect world, the tax consequences of liquidating a partnership would be easy for your business clients. Sell the assets, pay off the debts and distribute the remaining cash. Unfortunately, the mechanics of this liquidation process are easier said than done. Take this webinar and you will be able to lead your clients through this process. You’ll learn the steps for partnership liquidations, the tax consequences of partnership liquidations and the tax consequences of technical terminations.</p> <iframe src="https://fast.wistia.net/embed/iframe/mk3wkrjt6f" title="Wistia video player" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="480"></iframe> <script src="https://fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine when a partnership liquidation occurs based on the client scenario.</li> <li>Outline the steps for liquidating a partnership.</li> <li>Correctly describe the tax consequences of partnership liquidation at the partnership level.</li> <li>Correctly describe the tax consequences of partnership liquidation at the partner level.</li> <li>Properly report the liquidation.</li> <li>Determine how to report transactions that occur after liquidation.</li> <li>Identify the events that trigger technical terminations.</li> <li>Describe the tax consequences of technical terminations.</li>&nbsp; </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.</p>2017-06-26T04:00:00Z2017-12-31T05:00:00ZNone2017-06-26T04:00:00Z0N/AODW1708Intermediate2Federal Tax Law Topic2017-06-26T04:00:00ZQAS Self Study$56 for Members and $68 for Nonmembers2Federal Tax Law Topic22TaxesKnowledge of Federal Income TaxLaura Strombom, EA, MBA, NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20172018-12-31T05:00:00Z
On-Demand WebinarTravel Expenses, Transportation Costs - What is Deductible?<h3>Summary</h3> <p>A very common question from tax professionals is: “What travel expenses are deductible?”. The reason this question is so common is the deep analysis of the facts and circumstances needed to come to a decision and even then the decision is sometimes not 100% determinable. In addition, there are many terms used to determine if the expenses is deductible, such as tax home, per diem, CONUS, itinerant, etc. Take this webinar to gain a better understanding of deductible travel expenses and help your clients accurately report and track their expenses.</p> <iframe src="//fast.wistia.net/embed/iframe/csign4l7tc" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="240" height="135"></iframe> <script src="//fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Determine a taxpayer’s tax home, if any.</li> <li>Analyze different scenarios to determine which travel expenses are deductible.</li> <li>Determine what travel or transportation expenses are deductible.</li> <li>Identify when a per diem rate can be used.</li> </ul><h3>Course Details</h3> Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.2016-11-22T05:00:00Z2017-12-31T05:00:00ZNone2016-11-22T05:00:00Z0N/AODW1619Basic2Federal Tax Law Topic2016-11-22T05:00:00ZQAS Self Study$55 for Members and $67 for Nonmembers2Federal Tax Law Topic22TaxesNoneLaura Strombom, EA, MBA, NTPI Fellowhttp://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20162017-12-31T05:00:00Z

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