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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Federal Tax Update for Industry (FTUI)

(Including the Impact of the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

This program concentrates on those recent changes in tax law that affects business and industry, with the program geared both towards CPAs in public practice and industry, participants learn how current issues affect their industry and their operations. The course will discuss the practical impact of these developments on businesses. A complete discussion of the Tax Cuts and Jobs Act (TCJA) and up to date guidance issued on the Act will be included, as well as any other tax law enacted by Congress.

DESIGNED FOR...

CPAs who work with business taxpayers and those CPAs in industry with responsibilities that include tax matters.

OBJECTIVE

Participants will be able to:

  • Maintain tax knowledge and awareness of tax changes that affect common business operations and individuals who own them
  • Establish practical approaches required to comply with changes in tax law
  • Identify IRS audit issues
  • Avoid costly misunderstandings of tax law by learning from others’ mistakes

MAJOR SUBJECTS

  • Impact of the TCJA limitations on interest deductions for business
  • Applying the qualified business income rules to applicable entities
  • Recent developments in payroll matters, including the responsible person penalty
  • Status of medical benefit rules applicable to employers of all sizes
  • Court decisions relating to income tax accounting methods for business enterprises
  • Effect of changing tax law on tax provisions in financial statements
  • IRS regulations, rulings, and audit initiatives

COURSE ACRONYM: FTUI

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Update

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY Taxes/General Taxation

RECOMMENDED CPE CREDIT: 8 hours


NOTE: This course is available as an 8-hour and 4-hour program.


CPE Sponsor icon

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.