Two-Part Meeting: Think Like an Auditor and Taxability of Wages & Other Compensation
Central Valley Chapter In-Person Meeting

Date/Time:

Tuesday, November 28, 2023
Part One: Think like an auditor - 2:00 PM to 5:30 PM
Part Two: Taxability of Wages & Other Compensation - 6:00 PM to 8:00 PM

Location:

Dennys
4324 Salida Blvd
Salida, CA 95368

Topic: 

Part One: Think like an auditor
Auditors of all varieties have practices and procedures that tax, bookkeeping, and payroll professionals can utilize to achieve better client outcomes, staff training, and peace of mind. In this class, we will audit concepts and practices such as engagement acceptance and continuance, sources of evidence, sampling theory and procedures, and more, as well as how these concepts can be applied in your practice.

Part Two: Taxability of Wages & Other Compensation
In this presentation, we will explore taxable and non-taxable wages, calculation of withholding taxes and an employer’s withholding at source obligations. We will also discuss non-employee compensation, backup withholding, and the purpose of Form W-9. Finally, we will talk about some examples from the world of our small restaurant clients and common mistakes that we have discovered including reporting of tips and miscalculations of withholding taxes, as well as where the income is shown on the tax return

Presenters:

Aaron Chambers & Jinhua Amy Lu

Aaron Chambers: I have spent my life working in and for small to midsize closely held businesses, both as an employee and as a consultant. I have a deep, personal understanding of the many challenges faced by these businesses and their management and ownership groups. My unique background allows me to provide competent solutions in many areas. I am equipped with over ten years of sales and operations experience in small businesses in the retail, manufacturing, and distribution industries. I also spent several years in the public accounting realm, specializing in management consulting and tax resolution, primarily with troubled companies, as well as experience as a financial statement auditor. My current practice focuses almost exclusively on advisory services, for troubled companies, including interim and fractional CFO/Controllership work, value growth advisory, and bankruptcy & insolvency consulting. I serve on the Board of Directors for both the California Tax Education Council and the Workforce Development Board of Madera County. I am an active member of several industry organizations.

Jinhua Amy Lu: Amy has more than ten years of experience providing payroll compliance & consulting, bookkeeping, human resources compliance & advisory, and tax services to many small business clients. She spent most of those years at a well-regarded CPA firm in Fresno prior to joining Impossible Services Group, Inc. as VP of Small Business Services in late 2022. Amy is fluent in several languages: Mandarin, Cantonese, English, and Accountancy, which enables her to provide five-star service to the extremely underserved Chinese community throughout California. Amy holds the Certified Payroll Professional (CPP) designation and is a CTEC Registered Tax Preparer. Her educational background includes both a Bachelor of Science in Accountancy and a Certificate in Finance from California State University, Fresno. Fun fact: Amy was the President of Beta Alpha Psi during her junior year at Fresno State. She is currently in the process of obtaining her Enrolled Agent credential from the Internal Revenue Service. Amy serves on the School Site Council for Steinbeck Elementary in Fresno. She is an active member of PayrollOrg (formerly the American Payroll Association) and the California Society of Tax Consultants.

CPE Information:

Part One
4 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01899-23-I
CTEC: 1000-CE-5338

Knowledge Level: Intermediate (Basic knowledge helpful)

Part Two
2 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01900-23-I
CTEC: 1000-CE-5339

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Part One ONLY
Registration Fee (Member): $55
Registration Fee (Non-Member): $85

Part Two ONLY
Registration Fee (Member): $40
Registration Fee (Non-Member): $70

BOTH Parts
Registration Fee (Member): $70
Registration Fee (Non-Member): $100

Registration:

To register for this event, please contact Karen De Vaney at [email protected] or 209-524-4345.

Cancellation and Refund Policy:
Written cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.