Effective Tax Return and Cash Flow Analysis (8 hours)

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Aug 3, 2020

Registration: 8:00 AM / Program: 8:30 AM - 4:00 PM Pacific Time

Fees

Member Fee: $295.00
Nonmember Fee: $400.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Grasp tax return analysis to determine an individual's and company's cash flow position. Review tax code updates including the "Tax Cuts and Jobs Act" (TCJA) and its impact on personal and business cash flow. Begin with personal tax return analysis including reviewing "true" cash flow derived from the 1040 federal tax return (by looking at the various schedules and K-1 forms).Then focus on the analysis of various business tax returns, including the LLC and S and C corp structure; analyze business federal tax returns; and prepare cash flows for these entities. Next, a "global cash flow" analysis (combined personal and business tax return cash flow analysis).Finally, assess the company's business tax returns and review depreciation; real estate; retirement plans and HSAs; estate planning techniques; and year-end tax strategies. Learn how to use tax returns to market the CPA practice.

Designed For

CPAs, auditors, financial professionals and tax practitioners.

Objectives

Determine an individual's and company's cash flow position using tax return analysis to improve cash flow, obtain financing or improve business operation. Calculate the "global cash flow" (combined personal and business tax return cash flow analysis) Identify risk factors using the returns Recognize tax code updates and ways to use the tax returns to market the CPA practice.

Major Subjects

Personal cash flow and the 1040 return. Business tax return and cash flow analysis for the LLC, S and C corporations; global or combined personal and business cash flow. Depreciation, real estate, retirement plans and HSAs, estate planning and year-end tax strategies. Updates to the tax code including the "Tax Cuts and Jobs Act" (TCJA) Using tax returns to market the CPA practice.

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.