(Updated for the Tax Cuts and Jobs Act) 8-Hour Program
WHY ATTEND THIS COURSE?
This program explains and illustrates special accounting and auditing issues related to the construction industry, contractor specific disclosure rules, and current accounting and auditing developments. On the tax side, the program examines the similarities and differences of tax and financial reporting for percentage of completion and completed contract method, and other permitted methods of accounting. Adjustments for the “look back” rules will be considered under various scenarios. Attention is paid to current tax issues involving the Section 199 deduction and Worker Classification. Practical application is provided through audit program examples and financial statement presentation and disclosure issues.
CPAs in public practices and in construction businesses who prepare tax returns, are responsible for financial statements, and provide tax and financial advice to construction contractors.
Participants will be able to:
COURSE ACRONYM: CCST
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Intermediate
ADVANCE PREPARATION: None
FIELD OF STUDY: Specialized Knowledge/Construction Contractors
RECOMMENDED CPE CREDIT:
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.