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Understanding the Entities: Planning and Compliance

  • Accountant
  • AFSP
  • CRTP
  • CPA (CA)
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • Maryland Tax Prep.
  • CFIRS
  • CWS

Published: July, 2020

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Understanding the Entities – Planning and Compliance
    2 mins
  • The Estate And Trust Series A Comprehensive Understanding
    32 mins
  • The Three Questions
    45 mins
  • The Basics of Compliance
    75 mins
  • Income Tax Issues
    85 mins
  • Transfers with Control
    94 mins

Course Description

A great way for businesses to keep a handle on key compliance tasks year-round is to create a compliance calendar. Compliance calendars help keep tasks organized, tracks due dates and can send alerts and reminders ahead of a deadline.To ensure a compliance calendar is effective, it is imperative to include the necessary data as it becomes available in each country. Therefore, any new filing requirements, deadline changes or changes to a company’s local operational status along with the corresponding compliance tasks, must be reflected and updated accordingly.

Global expansion offers many opportunities for businesses but keeping an international entity in good regulatory standing doesn’t come without its challenges. When managing a global entity, not only must you stay up to date with the legal responsibilities that come with operating in multiple countries, you also need to stay on top of in-country compliance requirements (which can change frequently) and establish good governance.

When a business pursues international growth, new compliance requirements need to be considered. Failing to understand and manage these widening responsibilities can create greater financial and reputational risks as organizations are exposed to a broader range of penalties including fines, inability to conduct business and in rare instances imprisonment. This makes it essential for companies to have insight into the local laws, rules, and regulations for every jurisdiction in which it operates.

In this course, the first in the series, practitioners will learn about Trust and Estate Planning. The purpose of this lecture is two fold: 1) to expand a practitioner’s knowledge-base, promoting growth of business and 2) to educate practitioners on how to provide comprehensive financial advice and planning strategies.

Learning Objectives

  • To identify the key terms as they pertain to financial planning
  • To recognize Federal and State definitions related to estate planning
  • To interpret Trust implications with regards to financial protection
  • To recognize the most beneficial courses of action for clients, aiding them in navigating their Trust and Estate Planning

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Chief Accounting Officer
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros

Course Qualification

Webinar Qualifies For

  • 2 CE Credit for Annual Filing Season Program (AFSP)
  • 2 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0210)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00201-20-S)
  • 2 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00201-20-S)
  • 2 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00201-20-S)
  • 2 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 2 CPD Credit for Personal Financial Specialist (PFS)
  • 2 CPD Credit for Trust and Estate Practitioners (TEP)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Arthur Werner

President, Werner-Rocca Seminars. Ltd

Arthur Werner is president of Werner Rocca Seminars Ltd., and he leads our team through innovation, strategy, and operations. He is passionate about learning and teaching as he has instructed over 100 live seminars this year and another 100 or more online training with webinars and webcasts annually. Art received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. When Art is not enjoying time with his wonderful family he is most likely enjoying an ice hockey game as he is a huge fan!

About Company

Werner-Rocca Seminars. Ltd

www.werner-rocca.com/

Werner-Rocca Seminars, Ltd., is the premier company in the United States providing Continuing Professional Education to CPAs and other financial professionals.  Specializing in the areas of Estate Planning, Financial Planning, Asset Protection Planning, Retirement and Fringe Benefit Planning, and Tax Planning, Werner-Rocca Seminars provides "Cutting-Edge CPE"​ training in many different educational formats.  These formats include live seminars, video streaming through the internet, and self-study.


Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

2 Ratings

Excellent

1

Very Good

1

Average

0

Poor

0

Terrible

0

WD

William Deloach, EA

Dec 9th, 2020

EXCELLENT SPEAKER

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