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S Corp Reality Check

Description

Critical red flags that should make every tax professional pause before recommending an S corporation election. We're seeing a dangerous trend where the "cottage industry" built around S corporations is leading to poor advice and unexpected consequences for business owners.

Details

Instructor
Jeremy Wells, EA, CPA
Duration
100 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

Fringe Benefits & Accountable Plans

Description

An overview of the tax treatment of fringe benefits, with an emphasis on business owners. Covers common fringe benefits, especially health insurance and health expense reimbursement, and how to establish and maintain a proper tax-free accountable reimbursement plan for employees and owners.

Details

Instructor
Jeremy Wells, EA, CPA
Duration
50 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

Business Vehicles & Depreciation

Description

An overview of the tax treatment of placing a vehicle into service in a business, including first-year depreciation, credits for clean vehicles, mixed personal and business use, the standard mileage rate, and disposition.

Details

Instructor
Jeremy Wells, EA, CPA
Duration
50 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

Business Record-Keeping for Tax Professionals

Description

An overview of business record-keeping requirements to ensure accurate tax return reporting and proper substantiation of income and expenses. The extended version includes a discussion of opportunities for tax professionals to provide additional chargeable services besides bookkeeping to help business owners maintain accurate books and records.

Details

Instructor
Jeremy Wells, EA, CPA
Duration
40 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

AI & Information Security for Tax Firms

Description

An overview of information security standards and protocols for tax firms. Includes a breakdown of the FTC Safeguards and mandatory WISP components, along with a discussion of best practices for password management, digital file storage, and sharing information with taxpayers and third parties.

Details

Instructor
Jeremy Wells, EA, CPA
Duration
100 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

State topics: Latest developments with the State of Utah

Description

Presented by the UTSC.

Details

Instructor
Steve Carlow, State of Utah
Duration
40 minutes
Prerequisite
None
Advanced preparation
None
Delivery method
Group Live

CPE sponsor disclosure

The CPE associated with this education is provided by the Utah NATP Chapter and is independent of national NATP sponsorship.

IRS sponsor number: HMZJS

See our CPE sponsor page for more information on reporting.