Sometimes the vernacular of accounting seems more challenging than technical aspects. This session offers suggestions for translating the foreign language of taxation into tangible terms for non-accountants. We explore techniques for simplifying the complexity of taxation terminology. This course will equip you with tools for demystifying tax technicalities so you can help clients and other non-tax professionals grasp fundamental concepts. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Recall relevant provisions of the AICPA Code of Professional Conduct
- Understand factors that allowed selected frauds to occur.
- Recognize controls that may have prevented or mitigated selected frauds.
- Consider application of these lessons to circumstances you encounter in your professional endeavors
- Apply ethical guidance to scenarios that accounting professionals may encounter in public practice.
Major Topics
The major topics that will be covered in this course include:
- Characteristics unique to the gig economy
- Independent contractor and employee classification considerations
- Recordkeeping considerations for independent contractors
- Accounting and reporting issues for gig economy participants
- Audit and attestation for clients who participate in the gig economy
- Tax and regulatory considerations
- The CPA as a trusted advisor for independent contractors
