Trends in How We Work and Do Business and Their Tax Relevance
Author: Annette Nellen
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Tracking trends in business practices, technology, demographics, economics and more is relevant to staying current in business offerings and client development activities. Trends also have tax relevance as the tax law should not hinder how we live and conduct business. This course explores trends in technology, business and society and their relevance to tax practice and the skills and knowledge we need. Finally, tax rules that are out of date and possible reforms are covered.
Publication Date: May 2024
Topics Covered
- Trends in use of technology and the relevance to practice
- Categorizing Data for Trends Analysis
- Economic Trends and Tax Relevance
- Samples of Changes and Proposals to Reflect Trends
Learning Objectives
- Identify key trends that have changed the way we work and live today compared to five or more years ago
- Explain the relevance of these trends to raising new tax issues and how to deal with them, hiring tax personnel, and finding new clients
- Describe tax rules that are out-of-date with how we live and do business today and the resulting issues and how changes could improve tax systems
- Identify the company that decoupled software from hardware in 1969
- Identify the the projected U.S. share of World GDP in 2024
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
