Seminar

Delaware Ethics for CPAs and The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years

  • Thursday, May 17, 2018

    8:30am – 4:30pm
    (Registration: 8:00am)
  • University of Delaware Virden Retreat Center

    700 Pilottown Road
    Lewes, DE 19958
  • 8
    CREDITS
    4 Delaware Ethics, 4 Taxes

Delaware Ethics for CPAs (Morning Session)

Professional conduct and ethical behavior are really the backbone of the entire accounting and auditing profession. These components form the foundation upon which our creditability with the general public is built, without which, there is no profession. Whether you are a practitioner in public accounting or business and industry, you must always act in accordance with the requirements that define professional conduct and ethical behavior. This course has been updated for 2016 amendments to the Licensure Law and is approved by the Delaware Board of Accountancy (Board). It fulfills the requirement that, as part of the biennial license renewal process, all Delaware accountancy permit holders must complete a four-credit hour Delaware-specific ethics course approved by the Board in order to renew their permits. This course includes a detailed review of professional and ethical conduct requirements specifically applicable to Delaware CPAs; an overview of the core principles of professional conduct - integrity, objectivity, and independence; the AICPA Code of Professional Conduct; and a brief look at the principles and concepts which form the foundation of ethical behavior. The primary objective of this course is to provide a formal program of learning which contributes directly to the professional competence of Delaware accountancy permit holders.

The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years (Afternoon Session) 

With the Tax Cuts and Jobs Act signed by President Trump on Dec. 22, the long road to tax reform has brought us the largest overhaul to the tax code since 1986. The widespread changes affect many aspects of individual and business taxes, beginning in 2018, and your clients will be coming to you with a myriad of concerns and planning questions. Don’t get caught off guard. This 4-hour seminar will get you up-to-speed on all of the critical aspects of the new law and prepare you to effectively advise both your individual and business clients.

Objectives

Delaware Ethics for CPAs (Morning Session)

  • Understand and apply the professional and ethical conduct requirements specifically applicable to Delaware CPAs, including 2016 amendments to the Delaware Licensure Law
  • Review the core principles of professional conduct - integrity, objectivity, and independence
  • Be familiar with the AICPA Code of Professional Conduct
  • Be familiar with the principles and concepts which form the foundation of ethical behavior

The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years (Afternoon Session)

  • Understand and apply the categorical changes in the tax law brought about by the Tax Cuts and Jobs Act

Highlights

Delaware Ethics for CPAs (Morning Session)

  • Professional and ethical conduct requirements specifically applicable to Delaware CPAs, including 2016 amendments to the Delaware Licensure Law 
  • The core principles of professional conduct - integrity, objectivity, and independence
  • The AICPA Code of Professional Conduct
  • Principles and concepts which form the foundation of ethical behavior

The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years (Afternoon Session)

  • Reduction in individual and corporate tax rates
  • Taxation of pass-through entities
  • Deduction of home mortgage interest
  • State and local tax deductions
  • New alimony rules
  • Repeal of the Obamacare individual mandate
  • Standard deduction and itemized deductions
  • Child tax credit
  • Use of §529 accounts
  • Survival of personal AMT and repeal of corporate AMT
  • Estate and gift tax
  • New limitations on business losses
  • New depreciation rules and §179 expensing
  • Business interest
  • Modification of NOL rules
  • New credit for employer-paid family and medical leave
  • Repatriation of foreign funds

Additional Information

Designed For

All CPAs who need to meet the Delaware ethics requirement and tax practitioners seeking to understand the new tax legislation and how it impacts their clients

Vendor

Surgent

Advanced Preparation

None

Prerequisite

Experience with individual and business clients

Field of Study

4 Delaware Ethics, 4 Taxes

Instructor

Charles Borek

Course Number

18ETDE05/S

Level of Knowledge

Basic/Update

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