Join Clark Nuber’s audit and tax professionals as they offer a unique opportunity to stay up to date with two trending topics taking place in the Not-for-Profit financial world.
Schedule
7:30 am – 8:00 am | Registration and Breakfast
8:00 am – 10:00 am | Not-for-Profit New Financial Reporting Seminar
10:00 am – 10:30 am | Break
10:30 am – 12:00 am | Taming the Terrible Twins of the 2017 Tax Cuts and Jobs Act for Charities
Not-for-Profit New Financial Reporting Seminar
Presenters: Andrew Prather & Candi Avery
The new standard on financial reporting for not-for-profit entities, ASU 2016-14, will take effect at the end of 2018. The new standard requires changes to accounting for net assets, significant new disclosures about managing liquidity and the availability of resources, and much more.
To keep you ahead of these changing rules, we will conduct an in-depth seminar to provide implementation guidance to help you with the new requirements. This session will include examples, checklists, and best practices.
If you are interested in this topic but unable to attend in person, a webinar will be hosted on December 6, 2018. More information to come.
Taming the Terrible Twins of the 2017 Tax Cuts and Jobs Act for Charities
Presenters: Jane M. Searing & Jennifer Becker Harris
Converting transportation benefit expenses into taxable income and siloing unrelated business income are the two most challenging provisions of the 2017 Tax Act for not-for-profits. This 90-minute interactive workshop is designed to help you understand the changes to the laws (based on the current guidance) and give you actionable steps for getting your organization ready to file its 2018 tax return. The session will cover:
- Qualified Transportation Benefits (QTB):
- Determining if you offer QTB
- If you offer QTB, determining whether it generates unrelated business taxable income
- Establishing and documenting your organization’s tax position
- Toolkit for self-preparing a simple 990-T for reporting single item returns
- The new siloing rules for more than one unrelated trade or business
- Analysis of your organization’s revenue
- Review of current IRS guidance
- Establishing and documenting your organization’s tax position.
For other TCJA provisions, we will provide a high-level overview and information on:
- Excise tax on excess compensation
- International provisions
- Update on Charitable Contribution Regulations
- Centralized Partnership Audit Regime
Meals: Breakfast will be provided
Parking: Parking will not be validated for this event
Cost
Not-for-profit New Financial Reporting Seminar: $35
Taming the Terrible Twins of the 2017 Tax Cuts and Jobs Act for Charities: $25
Two Seminar Package: $55
CPE Credits Available
Not-for-profit New Financial Reporting Seminar: 2 technical credits
Taming the Terrible Twins of the 2017 Tax Cuts and Jobs Act for Charities: 1.5 technical credits
Two Seminar Package: 3.5 technical credits
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