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

 

 

Live WebinarChanging Accounting Methods Using Form 3115 Webinar<h3>Summary</h3> <p>When your clients have accounting method questions, they’ll often turn to you. The Tax Cuts and Jobs Act (TCJA) added several provisions that could require a change in accounting methods, such as expanding the availability of the cash method and exempting small businesses from the requirement to maintain inventory. In addition, claiming missed depreciation can be considered an accounting method change. This webinar covers properly reporting accounting method changes to the IRS and how to complete Form 3115.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Identify accounting method changes</li> <li>Summarize the accounting method changes eligible small businesses can make under the TCJA2</li> <li>Determine when Form 3115 must be filed or if an amended return can be filed</li> <li>Distinguish between automatic and non-automatic accounting method changes</li> <li>Compute the §481(a) adjustment and claim in the appropriate year(s)</li> <li>Complete Form 3115 to claim missed depreciation</li> <li>Prepare Form 3115 for a small business taxpayer changing from the accrual method to the cash method using the reduced filing requirement in Rev. Proc. 2018-40</li> <li>Determine how to handle inventory when a small business taxpayer uses the cash method</li> </ul> <h3>Course Details</h3> <p>Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.</p> <p>This webinar includes the presentation slides, attendee top questions and access to the webinar recording.</p>2020-03-18T05:00:00Z2020-12-08T06:00:00ZNone2020-03-18T05:00:00Z2020-03-18T05:00:00Z2020-03-20T05:00:00Z0N/AWEB2036Intermediate2Federal Tax Law Topic2020-12-08T06:00:00Z2020-12-09T06:00:00Z2020-03-20T05:00:00ZGroup Internet Based2Federal Tax Law Topic22TaxesKnowledge of Business 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, CRTPlive webinar20202020-12-08T06:00:00Z2020-12-09T06:00:00Z2020-12-09T06:00:00Z
On-Demand WebinarEthics for Tax Preparers On-Demand Webinar<h3>Summary</h3> <p>Each year, tax preparers are presented with a number of ethical dilemmas, whether it be due to taxpayer actions or changes in tax law. The <i>Protecting Americans from Tax Hikes Act</i> (PATH) expanded due diligence requirements to cover more tax credits, including the Section 24 Child Tax Credit and the American Opportunity Tax Credit. This year, the requirements extend to claiming Head of Household filing status. <p>This webinar will review what you need to do to properly protect yourself, your practice and your clients, as well as what sorts of penalties the IRS imposes for ethical violations, by reviewing Circular 230 and the PATH Act.</p> <p>Circular 230 sets standards to prevent us from overstepping professional boundaries, including how to run your office, make decisions, determine what questions to ask clients and decide what records to rely on. By the end of this course, you will be able to identify the current IRS return preparer initiatives, preparer penalties and ethical standards important to tax return preparers.</p> <iframe src="https://fast.wistia.net/embed/iframe/775105pad3" title="Practice Before the IRS Video" 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>Summarize the key points of Circular 230, <i>Regulations Governing Practice before the Internal Revenue Service</i>.</li> <li>Summarize the key points of the PATH Act due diligence requirements and how they apply to taxpayers.</li> <li>Identify preparer penalties.</li> <li>Summarize how to handle real life situations that emphasize due diligence.</li> <li>Outline best practices to ensure compliance with the tax law and due diligence.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, and webinar recording with review questions. CPE is issued after exam is successfully completed.</p>2019-06-18T04:00:00Z2019-12-31T05:00:00ZNone2019-06-18T04:00:00Z0N/AODW1945Basic2Ethics2019-07-01T04:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmember: $802Ethics22Regulatory EthicsNoneLaura Strombom, EA, MBA, NTPI Fellowhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxEthics2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192021-01-01T05:00:00Z
On-Demand WebinarMaking the Client Interview Count On-Demand Webinar<h3>Summary</h3> <p>As tax professionals, our obligations to our clients are more than just entering numbers in tax software. We provide value to our clients by knowing what questions to ask and the ramifications of the answers. Take this course to learn valuable interview skills and leave with client forms to help you standardize your intake and due diligence, and ask the vital questions to get the best result for your clients.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Ask questions to provide the best tax result for your client.</li> <li>Interview clients to meet due diligence requirements for clients and tax professionals.</li> <li>Plan with clients to maximize their tax benefits in future years.</li> </ul> <h3>Course Details</h3> <p>This course includes presentation slides and a video recording.</p>2020-01-30T06:00:00Z2020-12-31T06:00:00ZNone2020-01-30T06:00:00Z0N/AODW2003Basic2Federal Tax Law Topic2020-01-30T06:00:00ZQAS Self StudyPremium: $0 | Professional: $60 | Basic: $76 | Nonmember: $802Federal Tax Law Topic22TaxesNoneLaura Strombomhttps://www.natptax.com/EventsAndEducation/About/Pages/Laura-Strombom%2c-EA-MBA-NTPI-Fellow.aspxFederal Tax Law Topic2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20202020-12-31T06:00:00Z
Live WebinarNavigating Employer-Provided Health Insurance Webinar<h3>Summary</h3> <p>This course will navigate the contributions, limitations, distributions and eligibility for HSAs, FSAs, HRAs, QSEHRAs, as well as self-employed health insurance deductions. Each of these has their own advantages and pitfalls, and this course will help you understand their different components so you can help your clients choose which option is the best for them and their employees. For example, some allow a carryover of funds and are portable after termination, some are cross-compatible with other options and most have different maximum annual contribution amounts.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Describe the eligibility requirements for HSAs, FSAs, HRAs, QSEHRAs and SE health insurance</li> <li>Correctly calculate a client’s contribution limits</li> <li>Identify qualified expenses</li> <li>Outline the effects of changes of employment on HSAs</li> <li>Describe the testing periods associated with HSAs</li> <li>Describe the penalties associated with each type of plan</li> <li>Correctly report contributions, distributions and adjustments</li> </ul> <h3>Course Details</h3> <p>Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.</p> <p>This webinar includes the presentation slides, attendee top questions and access to the webinar recording.</p>2020-03-18T05:00:00Z2020-07-21T05:00:00ZNone2020-03-18T05:00:00Z2020-03-18T05:00:00Z2020-03-20T05:00:00Z0N/AWEB2021Intermediate2Federal Tax Law Topic2020-07-21T05:00:00Z2020-07-22T05:00:00Z2020-03-20T05:00:00ZGroup Internet Based2Federal Tax Law Topic22TaxesFederal Tax Law TopicLaura 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, CRTPlive webinar20202020-07-21T05:00:00Z2020-07-22T05:00:00Z2020-07-22T05:00:00Z

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