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The Latest in Accounting Method Changes for Small Business Taxpayers
Speakers:
Delivery type:
Audio Webcast
NASBA FIELD OF STUDY
Taxes
LEVEL
Intermediate
CPE CREDITS
Audio Webcast: 2.0
This webcast provides an update on accounting method changes and change procedures for small business taxpayers. Join us as we delve into what those changes are and how you can ensure your small business clients benefit from more advantageous accounting methods.

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$129 $99

5 - 9

$115 $89

10 - 20

$109 $85

21 +

$105 $79

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

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Product details

Key Topics

  • Tax Cuts and Job Acts (TCJA)
  • Accounting method changes and procedures
  • Form 3115

Learning Objectives

  • Identify the accounting method changes available to small business taxpayers.
  • Apply and summarize the latest accounting method change procedures.
  • Accurately and timely complete a Form 3115.

The Tax Cuts and Jobs Act (TCJA), and related IRS revenue procedures that followed the TCJA, brought many changes to the U.S. tax law in the past 12 months. Among the provisions were accounting method changes and procedures for small business taxpayers - provisions that may be very beneficial to many of your clients.

Join this webcast as we delve into what those changes are and how you can help your small business clients benefit from more advantageous accounting methods. In particular, we will discuss how to accurately and timely complete Form 3115, Application for Change in Accounting Method.

Speaker bio

Connie Cheng

Connie Cheng is a tax managing director in BDO's National Tax Office Accounting Methods group. Based out of our Los Angeles office, Connie has nearly 15 years of experience in federal taxation in handling a variety of accounting methods issues including income and expense recognition, capitalization and Section 199.

In her current role, Connie advises clients on federal income tax accounting issues such as income and expense recognition, tangible asset capitalization, and inventories. She assists taxpayers with controversies pending before the Internal Revenue Service and has prepared, reviewed, and represented clients for letter rulings from the Internal Revenue Service National Office. Connie has extensive experience working with public and private clients across a variety of industries, including manufacturing, automotive, hospitality, and gaming. Additionally, Connie has significant knowledge in Section 199-related issues, including preparing and reviewing Section 199 computations and related technical memoranda, as well as assisting clients with Section 199 related controversies. Prior to joining BDO, she was a senior manager at a Big Four firm's national tax practice.

Connie is co-author of BNA's Section 199: Deduction Relating to Income Attributable to Domestic Production Activities.

Nathan Clark

Nathan has 19 years of public accounting experience, including 15 years with Big-4/national firms, with a deep focus on accounting method changes. His has worked with both small privately held businesses and publicly traded, Fortune 500 companies. He has significant experience in retail, manufacturing, real estate and hospitality industries, among others. Nathan’s primary areas of focus include capitalization, depreciation, small taxpayer accounting methods under the Tax Cuts and Jobs Act and revenue recognition. He routinely implements engagements for overall changes in accounting method, revenue recognition and advance payments, capitalization and depreciation issues. He is also a national resource for tax issues associated with the FASB/IASB Revenue Recognition Standard (ASC 606) and Lease Standard (Topic 842).

Nathan has spoken at AICPA conferences, state CPA societies and other continuing education events. He regularly writes and speaks on the Tax Cuts and Jobs Act (Pub. L. 115-97). He has published Tax Alerts and articles for AICPA’s The Tax Adviser, CCH’s Corporate Business Taxation Monthly, CFO.com, AccountingWEB and has been cited by CFO.com and CCH.

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CREDIT INFO
CPE credits
Audio Webcast
: 2.0
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Basic knowledge of federal income tax
ADVANCE PREPARATION
None
Delivery Method
Group Internet Based
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