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 12/31/2028 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 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 Finally, tax rules that are out of date and possible reforms are noted.
Publication Date: August 2025
Topics Covered
- Categorizing Data for Trends Analysis
- Economic Trends and Tax Relevance
- Technological Trends
- Other Trends - Tax Trends - Local, State, Federal and Int'l Levels
- Other Trends - Accounting and Tax Profession
- 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 how to identify trends to follow
- Identify a reason the tax system generally favors full-time, long-term employees
- Identify the projected U.S. share of World GDP in 2025
- Identify a consequence of COVID-related legislation
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
