Course Description

CAS professionals are an integral part of the operations of any CPA firm. As such, they must stay on topof changing tax law. In this course, we will explore tax changes in the areas that CAS professionals areinvolved with – information reporting, payroll tax issues, and tax credit and deduction documentation.We will also discuss relevant changes on individual and business tax returns, with special emphasis onthe sweeping provisions of the newly enacted One Big Beautiful Bill Act (OBBBA). CAS professionals willleave this session better equipped to understand how OBBBA, along with other developments, willaffect client advisory services and tax planning throughout the year.

Learning Objectives

  • Recognize upcoming tax legislation changes, including key provisions of the One Big Beautiful Bill Act (OBBBA)

  • Identify common elements of disaster relief provisions

  • Recall common IRS notices and first-time abatement provisions

  • Recognize exemptions from BOI Reporting

  • Identify the different tax treatments of foreign workers

  • State filing requirements related to Form 1099-K and 1099-DA

  • Recognize when software malfunctions may be used as reasonable cause for tax noncompliance

  • Assess how OBBBA impacts information reporting, payroll tax rules, and deductions/credits relevant to CAS practices

Additional Required Materials

  • Level: Update

  • Field of Study: Taxes (NASBA); Tax Planning (CFP); Federal Tax Update (IRS)

  • Who Should Attend: Tax practitioners and financial advisors who are looking to stay current on federal tax issues.

  • Required Knowledge: A basic understanding of federal taxation.

  • Advanced Prep: None

Recording consent

This live session will be recorded for the purpose of creating self-study and rebroadcast versions of the content. Customer participation, including questions and comments, will not be included in the final product. Any customer-identifiable information will be edited out to protect your privacy. By attending the session, you consent to the recording process under these conditions. 

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.