This year's course will focus on five important areas:

• Get the latest information on performance standards related to generally accepted accounting principles
• The new "codification" of those accounting principles, and the most recent interpretations with regard to ethical considerations that involve the tax and financial statement practitioner. 

• Explore the foundational evolvement of the Statements on Standards for Accounting and Review Services, as you progress from SSARS No. 1 all the way through the most current statements and those that are proposed
• Learn when to apply GAAP or OCBOA, and how to present accrual versus cash basis financial statements
• Identify the fundamental differences between for-profit and non-profit financial statements

• Learn and dissect the appropriate wording for an accountant's report
• Study the proper form and style for the balance sheet, income statement, statement of cash flows, and the statement of comprehensive income 
• Review and consider the necessary disclosures

• Get the latest on Statement on Quality Standards
• Obtain samples of what is needed to meet the new documentation requirements that those who issue compilations and reviews must have had in place by January 1, 2009.
• Analyze engagement letters and management representation letters
• Learn what you need to know to get ready for peer review

• Personal Financial Statements: what will your individual client need during rough economic times?
• Forecasts and projections: what will your business owner client need to obtain financing?
• Business Valuation: what's it worth -- now?
• Analytical Procedures: what should you do before you sign off on the accountant's report?
• Fraud: is it happening? Who's most likely to perpetrate it? How can it be detected? What is your responsibility to find it?

• Hear about the new SASs
• Hear about the new Yellow Book
• Learn how to efficiently implement both of the above
• Learn how to efficiently plan an audit
• What is so new about the new 990? Have your clients ready!
• Functional expenses – why the IRS is looking more closely
• SAS 115 – what you need to know to avoid problems with implementation
• Auditing cost allocation plans – how this affects revenue
• Lots of short-cuts and sample forms

•  Windows 7 Preview and ways to solve the Vista dilemma
• Doing Paperless Right – overcoming major obstacles
• PDFs – how to use electronic pen and paper to take your practice to the next level.
• Finding hidden productivity boosters in your existing software
• Effortless but effective back ups
• The best new hardware and software
• Great tech gadgets every accountant should have
• Utility software – some great little (or big) helpers
• Security update—what you must know to protect your practice
• Remote computing – freedom from the office
• Tax software review
• Taking the myth and confusion out of networks

• AICPA: The all important Principles of Professional Conduct
• The latest on independence
• Hot Topic of the Day: Outsourcing
• Ethical Dilemmas: Class Discussion
• California: Continuing education rules, keeping your license active, commissions, restatements, nonlicensee ownership of firms and California law on audit documentation
• Internal Revenue Service: The “New and Improved” Circular 230
• The AICPA SSTS—The Magic 8
• Internal Revenue Code 6694: Living with the New Standard
• Duties and restrictions relating to practice before the IRS
• Understanding best practices for tax advisors under 10.33 and seeing how these standards help us and our clients
• FIRAC: What’s It All About?
• Circular 230 and Preparer Penalties: The Intersection
• Taxpayer Bill of Rights: The “Flip” Side of Circular 230

This class meets the CPE ethics requirements for the Florida State Board of Public Accountancy. This course addresses the major aspects and recent changes related to the Rules of Professional Conduct as they affect the CPA in public practice and in industry.

Make more...work less...have fun doing it! This course is designed to teach you the ten secrets to a successful tax and accounting practice. Learn how to develop the relationships with clients and your team so that you can build a firm that has value whether you decide to work or sell it.

Note – This 8-hour 1041 course is covered in full in the 16-hour Estates and Trusts seminar. Available in: Maryland and New Mexico (price established by each sponsoring society)

•  Four hours of the most important federal developments (See 1040 Update description for more details)
• Four hours of California changes including the impact of nonconformity (See California Tax Update for more details)

• Expect more California tax changes as the State wrestles with balancing the budget.
• For the first time, California is set to introduce a carry back for net operating losses.
• Unless California conforms, the multitude of Federal changes will create problems on the California tax returns.

• Important changes by Congress and the IRS, including recent court decisions
• Why making a distribution from an estate or trust can cause significant tax liabilities
• The proper way to conclude affairs of an estate or trust
• Generation skipping issues
• Special planning trusts, including special needs and insurance
• Line-by-line review of Form 706
• Post-death elections
• Review of marital deduction formula clauses

While the number of farmers and ranchers dwindle, their tax issues do not. Spend a day with us to review and contemplate those tax issues unique to farmers and ranchers.

 Available in: Minnesota (price TBD)

• Those economic stimulus bills did not forget agriculture – did you know that?
• The continually changing environment of depreciation
• Social security and retirement issues addressed
• Payroll compliance for farmers and ranchers
• Benefit plans – do they make sense for farming and ranch businesses?
• Another look at bio-mass issues on Schedule F
• Farm accounting software

Andy Biebl and Bob Ranweiler, practicing CPAs and nationally known instructors, have teamed with Gear Up to offer practical insights into the ever-changing world of federal taxation. Federal Tax Update is a one-day, fast-paced seminar that covers the latest developments affecting individuals, corporations, pass-through entities, and estates and trusts. Written and taught by practitioners for practitioners, it is designed to provide you with practical, working knowledge of the latest tax law changes. This highly popular seminar will enable you to effectively and confidently complete tax planning, compliance, and consultation engagements during the coming year.

Utilizing a key issue approach, this course features full coverage of all new federal taxation legislation, coverage of Treasury regulations, IRS pronouncements, and judicial decisions issued during the past year, and also includes tax planning ideas, including the best of PPC’s Practitioners Tax Action Bulletins. You will also receive numerous practice aids including real-life examples, worksheets, elections and checklists.

Join the thousands of other practitioners who have attended this one-day tax update and come away with real world solutions to real world problems.

If tax law can be called science, then dealing with the IRS can be called art. This class combines both science and art, and we will discuss both the technical issues and the behavioral issues of resolving matters before the IRS. The IRS has been reinvigorated, thus increased enforcement action is not only taking place now, but is expected to increase over the next few years. That means more audits and more collection matters.

This class is unique in that it deals with real life experiences, not just from the instructors, but also from the class participants. Our goal is simple: we will share strategies that are appropriate and that work and that comply with the Internal Revenue Code and the Internal Revenue Manual so that our clients obtain the best possible resolution of their matter with the IRS.

Topics: