A C-Corporation is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C-Corporations, the most prevalent of corporations, are also subject to corporate income taxation. The taxing of profits from the business is at both corporate and personal levels, creating a double taxation situation. C-Corporations limit the personal liability of the directors, shareholders, employees, and officers. In this way, the legal obligations of the business cannot become a personal debt obligation of any individual associated with the company. The C-Corporation continues to exist as owners change and members of management are replaced. C-Corporations are considered separate entities to their owners (shareholders); therefore, owners do not include the corporation's income tax as part of their personal tax return. A C-Corporation pays income tax by filing a tax return with the Internal Revenue Service (IRS) using Form 1120. Preparing a Form 1120 for the first time can be a daunting experience and this online CE/CPE virtual conference will prepare you for its reporting obligations. At the end of this CE/CPE virtual conference, you will be ready to tackle most domestic C Corp issues! Register Now

Between 2010 and 2013, a flurry of court cases and IRS enforcement brought the issue of what is reasonable compensation for a shareholder-employee of an S Corp to the forefront. The playing field is shifting much more dramatically than meets the eye for owners of pass-through entities. S-corporation reasonable compensation is one of the most misunderstood concepts in tax law. And that’s saying something, considering how mind-numbing U.S. tax laws are. The law says the corporation must pay a “reasonable” salary to the owner if the owner provides services to the business. The definition of “reasonable” will vary depending on the type of business and the type of services provided by the owner. Wholly different income tax implications are in play. How to plan? Register for our 2-hour CPE event and find out.

The adoption of IFRS will result in some significant changes when it comes to analysing financial statements. For example, how do you compare the GAAP statements with the new IFRS statements, and how do the new asset valuation methods affect the asset values that are recorded on the balance sheet? This CPE workshop shall walk you through the techniques that the expert presenter Michael Morley uses to analyse IFRS financial statements quickly and easily. The sessions will include practical examples that highlight the fundamental differences introduced by IFRS. As well, you will learn a unique approach to assessing a company’s cash flow and its subsequent ability to pay its bills and a return to its investors. Register Now!

Many US companies assume IFRS isn’t relevant to them — until the potential for a cross-border deal emerges. Sooner or later, the time will come when your organization thinks about switching to International Financial Reporting Standards (IFRS) from GAAP. With that in mind, it is more important than ever to ensure that you are equipped with the skills and knowledge to be able to lead your organization in the changes. Converting to IFRS is a significant finance transformational event for a company and may be prompted by any of the reasons. The long-term effects on a company go beyond accounting and if planned right can improve various aspects of the organization. While most financial professionals understand the basic philosophy of IFRS, many are unsure exactly how to convert the various parts of the of the financial statements. This online CPE Virtual Conference will concentrate on the entire balance sheet, line by line, and will examine what changes will need to be made, and what will be the consequences of these changes for the company now and into the future. This event was originally published here

This program is designed to bring in two-hour monthly segments the latest in tax developments. Approximately one-half of the program is devoted to Individual tax Updates, and the remaining time is spent on Business Tax Updates. Join tax experts Jason Dinesen and Nick Preusch, CPA as they emphasize the updates most relevant to individuals and small businesses. Tax professionals, CPAs, Practitioners can be overwhelmed with new tax information since it is often difficult to determine what is important and why it is important. If you attend the Monthly Tax Update, Jason Dinesen and Nick Preusch will bring you up to date every month with the information you need to keep current. Ask an Expert: In the later part of the session the floor would be open for Q & A and you may feel free to ask questions to the experts. Considering the 2 hrs time limitation, presenters will make best effort to cover maximum details and answer all the questions raised by attendees. Typically this Tax Update program would try to cover: New Legislative Developments Case law developments New IRS guidance and clarifications Recent rulings Practice and procedure updates and issues This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. Click Here to Register Now