nonprofit, 501c3, know to grow, social impact, operation grow, mentorship, entrepreneur, preserve the culture

Know To Grow, Inc.

CONNECT.DEVELOP.GROW


Workshops



Workshops consist of instructor led and online courses



PASS-THROUGH ENTITIES HELD BY TRUSTS



Topic: Accounting



This course delves into the consequences of trusts owning interests in S corporations and partnerships. This presentation will include a discussion of which trusts are eligible to hold S corporation stock and how they are taxed. Next, we will discuss how K-1 income and distributions can have a mismatch and what to do about that mismatch. Then we will discuss planning for the passive loss rules and net investment income (NII) tax. Finally, we will discuss how to plan for and manage the sale of a pass-through entity.


Learning Objectives:

- Define how K-1 income can get trapped inside a trust and how to deal with paying taxes and beneficiaries' demands for income

- Evaluate which trusts can hold S corporation stock—including grantor trusts, qualified subchapter S trusts (QSSTs), and electing small business trusts (ESBTs)

- List deadlines for QSST and ESBT elections and what to do when the deadline is missed

- Outline the basics of state income taxation and pass-through entity tax election

- Summarize the rules for passing depreciation deductions to beneficiaries, even when that exceeds income distributed to them

- Determine how trustee material participation works, including what the Frank Aragona Trust case did and did not say

- Identify QSST taxation when an S corporation is sold and general income tax consequences when a non-grantor trust or estate reports the sale of a business





NON-PROFIT BASICS FOR FINANCIAL MANAGEMENT



Topic: Accounting



Non-profit accounting is very different from for-profit accounting. The non-profit world has a different set of terminology as well as different filing requirements. Join this webinar with Neely Duncan, Partner at FORVIS, as she instructs attendees on navigating the non-profit world. You’ll learn what to watch out for from a high-level risk perspective as well as common areas of noncompliance for non-profits. Additionally, attendees will learn how to read and analyze a set of non-profit financial statements.


Learning Objectives:

- Recall how non-profit accounting is different from for-profit accounting

- Identify what to watch out for from a high-level risk perspective as well as common areas of noncompliance for non-profits

- Outline how to read and analyze a set of non-profit financial statements





FORM 990 MASTERY: MAXIMIZE BOARD MEMBER ENGAGEMENT AND NON-PROFIT COMPLIANCE



Topic: Taxes



Engaging the board members is critical to the success of your nonprofit organization, and their involvement is especially crucial when it comes to preparing your Form 990. This course will provide extensive insight into how to prepare Form 990, including common errors made when preparing it. We’ll highlight areas to focus on, what to watch out for during your preparation, and the importance of a board member review. Additionally, we’ll review the role of non-profit watchdog organizations. Those who attend this course will leave with a Form 990 compliance checklist.


Learning Objectives:

- Identify common errors non-profits make when preparing Form 990

- Recognize the importance of having your board members review your Form 990

- Recall the role of non-profit watchdog organizations





TAXATION OF CRYPTOCURRENCY AND NFTs: FOUNDATIONAL CONSIDERATIONS



Topic: Taxes



The emergence of cryptocurrency—and the most recent emergence of non-fungible tokens—has created assorted United States tax questions, given the uniqueness of the assets at issue. The Internal Revenue Service has issued preliminary tax guidance on cryptocurrency, with more detailed rules anticipated; NFTs have yet to be the subject of targeted service analysis.


Learning Objectives:

  • - Recognize the United States income tax basics associated with cryptocurrency and NFTs—drawing parallels to existing assets and addressing tax consequences on creation, disposition, and revenues from royalty streams
  • - Summarize the international tax aspects of crypto/NFT assets, including income sourcing and reporting requirements on foreign information reporting forms
  • - Evaluate retroactive filing considerations, including a review of programs offered by the service




GIG WORKERS: TAX RULES AND POLICY CONSIDERATIONS



Topic: Taxes



In this webinar, the presenter will review the federal, state, and local tax rules applicable to gig workers. We will explain and analyze select law changes and proposals regarding the gig workforce, including California's AB 5 and changes to Form 1099-K reporting made by the American Rescue Plan Act. Tax policy considerations of proposals will be critiqued with a discussion on how aspects of the gig workforce should be considered in the modernization of tax rules.


Learning Objectives:

  • - Identify the federal, state, and local tax rules applicable to gig workers and their relevance to tax compliance and planning
  • - Recognize tax law weaknesses for the gig economy, proposals for change, and tax policy considerations




DEVELOPING YOUR 30-DAY PERSONAL PURPOSE PLAN



Topic: Personal Development



In this session, we will take a deep dive to understand where we are off balance in our lives between work and home that affects the experience we create with others. Many of us can feel that we are technically up to speed in what we do; however, we are not living our full potential as a leader or a co-worker because we may not be aligned with our values and what we want to create in the world around us. By putting in place a review process for yourself, you can help create the energy internally that you desire so that you show up better for those around us and create more success as a leader.


Learning Objectives:

  • - Determine your personal purpose
  • - Determine how to keep your personal purpose aligned with who you are
  • - Design a 30-day personal purpose plan




FROM FRAZZLED TO FOCUSED: OVERCOME BURNOUT FOR A HEALTHIER & HAPPIER LIFE



Topic: Personal Development



Imagine yourself making the same revenue, only you’re working half the time. You have a team that supports you, and you’re able to go and do that thing you love that you just haven’t had time for. Achieving harmony between your professional and personal lives can be a real challenge, but it IS possible. During this webinar, you’ll learn how applying new strategies can lead you toward equilibrium. You’ll also discover how Heather Satterley, CPA was able to think outside the box to find work/life balance - you may be surprised by what she found!


Learning Objectives:

  • - Recognize the signs of an unbalanced life
  • - Identify core areas you should focus on to help facilitate delegation and balancing of workflow amongst you and your team
  • - Recall the elements that facilitate synergy in a working team
  • - Determine how personal passions affect performance at work
  • - Give examples of how to master time management and goal setting




§1031 EXCHANGE REPLACEMENT PROPERTY OVERVIEW: DST PROPERTIES



Topic: Taxes



Delaware Statutory Trust (DST) properties are considered “like-kind” replacement property pursuant to IRC Revenue Ruling 2004-86. The DST has become the vehicle of choice for fractionalized 1031 exchange properties. Investors are able to 1031 exchange into multiple DST properties to lower the potential risks of real estate investing. Typical minimum investments are $100k, and asset classes range from multifamily apartments, triple net lease properties (NNN), medical office properties, and all-cash/debt-free properties. This course will go over frequently asked questions regarding DST 1031 replacement properties. We will cover using leverage with DST properties and all-cash/debt-free DST properties for 1031 exchanges. Course attendees will also be able to see various DST 1031 property case studies and example properties.


Learning Objectives:

  • - Determine how DST properties are structured
  • - Identify how they work
  • - List the types of DST properties available in today’s market
  • - Determine proper due diligence procedures in selecting DST properties and what DST properties to avoid at all costs




INTERNATIONAL TAX: BASICS OF INCOME SOURCING



Topic: Taxes



Delaware Statutory Trust (DST) properties are considered “like-kind” replacement property pursuant to IRC Revenue Ruling 2004-86. The DST has become the vehicle of choice for fractionalized 1031 exchange properties. Investors are able to 1031 exchange into multiple DST properties to lower the potential risks of real estate investing. Typical minimum investments are $100k, and asset classes range from multifamily apartments, triple net lease properties (NNN), medical office properties, and all-cash/debt-free properties. This course will go over frequently asked questions regarding DST 1031 replacement properties. We will cover using leverage with DST properties and all-cash/debt-free DST properties for 1031 exchanges. Course attendees will also be able to see various DST 1031 property case studies and example properties.


Learning Objectives:

  • - Determine how DST properties are structured
  • - Identify how they work
  • - List the types of DST properties available in today’s market
  • - Determine proper due diligence procedures in selecting DST properties and what DST properties to avoid at all costs




EXCEL: 3 SIMPLE WAYS TO IMPROVE RELIABILITY



Topic: Computer Software and Applications



Let me ask you a question. What is your #1 most used Excel function of all time? Is it the sum function? Well, it shouldn’t be if your goal is to reduce errors in your recurring-use workbooks. We’ll explore a powerful alternative to the SUM function that allows us to perform better summing. Let me ask you another question. When you insert new data rows, are they automatically included in your formulas? If not, you probably have errors in your workbook because the formulas don’t include everything they should. Anticipating how your workbooks may change over time and addressing the related risks upfront can help reduce your workbook errors. In this webinar, we’ll explore three simple ways to improve the reliability of your recurring-use workbooks.


Learning Objectives:

  • - Recognize ways to reduce errors in workbooks Identify how to automate workbook formulas
  • - Determine ways to update workbooks and workbook formulas
  • - Identify three ways to improve the reliability of your recurring-use workbooks




HOW TO HANDLE UNCOMFORTABLE SITUATIONS EFFECTIVELY



Topic: Personal Development



Mike will define collaboration, engaging the audience in a high-energy interactive session on this topic. Mike will be using elements from three of his books in today’s presentation, The Collaboration Effect, Peaceful Resolutions, and The Servant Manager. Brain science will be applied to enlighten participants on the steps necessary in order to explore and enhance opportunities to provide for better client outcomes. Mike will give participants one of the tools they need so that they can apply this technique immediately at work and in life and other helpful information.


Learning Objectives:

  • - Define collaboration and The Collaboration Effect®
  • - Practice connecting relationships, listening actively, and educating judiciously
  • - Identify how to have greater focus, control, and peace in their professional and personal relationships
  • - Recognize the listening technique to take positive actions going forward
  • - Summarize the Collaboration Effect® Pocket Guide




AFTER LOCKDOWN: LOOMING COVID-19 PAYROLL TAX DEBT CRISIS



Topic: Tax



The Small Business Administration estimates that Millions of small businesses have shut down during the pandemic while millions more remain open but in dire straits. Payroll tax debt is a top priority for IRS collections and enforcement action. Based on the patterns seen during the recession a little over a decade ago both the IRS and the resolution industry expect an increase in these cases starting in 2021.


Learning Objectives:

  • Identify the stresses businesses face that cause the accrual of payroll debt and how to work with these taxpayers.
  • Demonstrate a general framework of options available and what to expect from the IRS.
  • Review of special considerations for closed businesses vs. open businesses.




THE 101 ON NOT-FOR-PROFIT



Topic: Accounting



Not-for-Profit organizations present a unique set of accounting and governance issues. This session focuses on the fundamentals of NFP organizations, including key definitions, financial statements, governance, revenue recognition, in-kind contributions, and tax considerations.


Learning objectives:

Identify fundamental terms and concepts specific to NFP organizations

Recall a financial statement presentation Identify key aspects of good governance and tax considerations

Identify thoroughly revenue recognition concepts for NFPs





INTERNAL CONTROLS AND FRAUD CONSIDERATIONS FOR NON-PROFIT ORGANIZATIONS



Topic: Nonprofit



As a member of BKD’s National Not-for-Profit group, Neely has more than 17 years of audit and advisory experience in public accounting.


Neely also served in the United States Navy for four years. Neely’s expertise includes financial statement audits, single audits, grants management, and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of not-for-profit entities. Neely also performs forensic work related to various cases, internal controls consulting and consulting for healthcare practices.
​

In addition to handling her clients’ accounting and audit needs, she advises clients on operational efficiencies, internal controls, governance issues, and routinely shares best practices with clients gained from working with various organizations. She is a highly sought national speaker on technical matters in the accounting community.


Neely is a member of the American Institute of CPAs, the Dallas Society of CPAs and serves as a board member of the Texas Society of CPAs. She is involved with many other professional associations, including the Association of Certified Fraud Examiners, Forensic CPA Society, Dallas Social Venture Partners, SPARK!, The Dallas Foundation Advisory Committee, Partnership for Philanthropic Planning (North Texas Chapter), and Relationships First. She is a 2000 graduate of Old Dominion University, with a Bachelors in Accounting, Magna Cum Laude.





INTERNATIONAL TAX FOR ATHLETES, ENTERTAINERS, AND THEIR ADVISERS



Topic: Tax



Multinational entertainers, including athletes and performance artists, are regularly presented opportunities to perform outside their country of residence. By default, non-residents performing services and earning income in the United States are subject to American tax; foreign jurisdictions usually impose similar rules. Performance artists benefit from generalized tax treaty relief for independent personal services and unique treaty articles specific to entertainers and athletes. Join us to explore how the United States taxes multinational performers and learn how to best advise them on tax reduction options.





BUSINESS INCORPORATION 101



Topic: Business Management



This webinar will address many concerns that CPAs often hear from clients who are either first incorporating, switching entities, or simply unclear about the best status for growing and protecting their businesses.


In this course, we'll detail each popular legal business entity while covering their advantages and disadvantages. We'll answer the common question: Is it better to incorporate in my home state or a 'popular' state like Delaware/Nevada? We'll also debunk the myth that CPAs/Accountants cannot help with business incorporation services as it is considered legal advice.





CANNABIS: ORGANIZATIONAL FORMS FOR GROWERS AND DISPENSARIES



Topic: Business Management



With the number of states that have recently approved initiatives for legalized recreational use of marijuana, and the laws passed in other states permitting the medical/medicinal use of marijuana, producers and retailers of marijuana are quickly growing. Accounting professionals and CPAs serving marijuana businesses are tasked with navigating the often ambiguous and sometimes contrarian state and federal legal information that affect this, albeit growing, niche. In light of the ease of forming a corporation or limited liability company (“LLC”) in Colorado, most cannabis entrepreneurs elect to conduct their business via a corporation or LLC. Another option is to form a partnership. In practice relatively few cannabis businesses or organized as partnerships due to the potential for enhanced liability of a general partner. Additional considerations for clients, who are encouraged to work closely with attorneys and accountants when incorporating, include the importance of following corporate formalities, organizational document drafting (and potential pitfalls), raising capital, avoidance of undisclosed ownership interests, consequences of violations, IRS Code Section 280E and income tax deductions, etc.





GUIDE TO HEMP/CBD ACCOUNTING



Topic: Accounting



In order to get in on the green rush, you’ll need to understand the nuances, rules, and regulations of the Hemp and Cannabidiol industry in order to help you navigate the tricky waters.


Join us as we share how to get started in the hemp and CBD industry.

We’ll be discussing everything that you’ll need including:

- Complicated compliance and regulation issues including USDA, FDA, states, and EPA.

-COGS and 280E, 471-11, and other important tax codes, and how to navigate them.

- Complex entity structures.

- ...and more!






FALL 2019 STATE AND LOCAL TAX UPDATE: TRICK OR TREAT?



Topic: Taxes



State taxing authorities continue with more aggressive and sophisticated methodologies for identifying new taxpayers as well as opportunities for additional tax revenue. These authorities are employing the various means to expand their state’s revenue base via new nexus, sourcing and filing provisions.


In this course, Joe Pizzimenti, Esq. will review the basics sales tax tenets as well as highlight recent state taxing authority activities that may affect your current and future state sales and income tax positions. He will focus on the latest developments and trends, rules and regulations, as well as highlight some potential state and local tax issues.


Be prepared for the upcoming state and local trick or treat season.





7 ESSENTIAL QUALITIES OF LEADERSHIP



Topic: Personal Development



When you think about leadership, what skills immediately come to mind? Perhaps strategy, negotiations, education, technical knowledge, communication, power and presence? While those are extremely important qualities to have, studies have shown that soft skills are even more important in leadership than the hard skills we have grown accustomed to. While hard skills will get you the job, it's the soft skills that will get you to the top.





DRAFTING LLC OPERATING AGREEMENTS (CORPORATE AND TAX CONSIDERATIONS)



Topic: Accounting



One of the beauties of operating a business through a limited liability company is the ability to streamline and combine the company’s governing documents into one document known as a Limited Liability Company Agreement or Operating Agreement. These agreements contain material corporate and tax considerations that must be aligned and consistent throughout the document. This puts a tax professional in a unique, “value-add” position.


This course will provide an overview of both basic and complex considerations that parties (including tax professionals) need to be cognizant of when preparing and negotiating a Limited Liability Company Agreement or Operating Agreement. Some of the topics to be discussed will include a discussion on drafting distribution and allocation provisions, management provisions and transfer restrictions. This presentation will also address equity incentive plans commonly incorporated within a Limited Liability Company Agreement or Operating Agreement, including a profits interest plan.


The objective of the course is to give attendees an understanding of common, and perhaps some uncommon, pressure points that typically arise in the context of negotiating and drafting a Limited Liability Company Agreement or Operating Agreement.





Automating end-of-month
Accounting process



Topic: Accounting



This webinar discuss the purpose of end-of-month accounting processes and the financial close. Learn how your clients can benefit from real-time, fluid reporting and automation tools that will save you time and money. Learn how to harness the power of available technology to streamline your processes





USE YOUR NATURAL ABILITIES TO ALLEVIATE STRESS



Topic: Personal Development



Learn how to take a quick break and refuel yourself throughout the day to be better for yourself and the people around you. The first webinar in this series will cover meditation. Have you ever wanted to learn more about meditation or just want to set time aside to do it during your workday? Join us for a Live Virtual Meditation, led by Amy Vetter, from The B³ Method Institute to help you get started. In this webinar session, Amy will the dispel the myths around meditation, teach you how to begin and how to incorporate meditation into your day, as well as, lead a brief virtual meditation. You will find that once you make this small change in your life, it will help you reset and be more present for the people you work with and those you care about.





FBARs AND FATCA FOR INDIVIDUAL TAX FILERS



Topic: Tax



For US Citizens and Green Card Holders living outside of the United States, there is more to worry about than simply filing your tax return. With the implementation of FATCA and the Intergovernmental Agreements, US filers have had their foreign investments exposed. This course will discuss the proper reporting of information on FBARs, the FATCA regulations and other issues for tax filers with international investments.





TAX PLANNING FOR MERGERS AND ACQUISITIONS INVOLVING S CORPORATIONS



Topic: Tax



S corporations are frequent targets of all different types of strategic buyers. An S corporation is an attractive acquisition target relative to a C corporation because a buyer can achieve an accelerate write-off of its purchase price if certain elections are made in connection with this transfer. As a result, this can give both buyers and sellers an economic incentive to structure the acquisition in a manner that is mutually beneficial.


This presentation will address the particular issues that arise in the context of an acquisition of an S corporation (or its assets). In particular, this presentation will provide an over view of the M&A tax considerations in the S corporation context, and will greatly benefit anyone who is a shareholder in, or represents an, S corporation.





Current Development in Employment Tax Enforcement and Worker Classification



Topic: Tax



One of the focus areas for IRS enforcement is employment tax and worker classification. The IRS collects most of its revenue from withholding and has been ramping up civil and criminal enforcement for those who attempt to avoid paying their fair share.


This presentation will discuss the following topics:

  • Employment tax and worker classification basics
  • Trust Fund Recovery Penalties
  • Criminal employment tax enforcement
  • Options for taxpayers to challenge IRS decisions on classification and Trust Fund penalties




STRUCTURING UNITED STATES INVESTMENTS BY FOREIGN TAXPAYERS



Topic: Tax



The United States imposes a multitude of tax requirements on United States taxpayers with foreign investments, whether through information reporting requirements or, in the case of foreign corporations, immediate inclusions for what otherwise would be deferred income. Rather curiously by juxtaposition, foreign taxpayers making investments in the United States often find favorable tax provisions, including exemptions from tax for many capital gains items. It is critical, however, to properly structure United States investments by foreign taxpayers, looking both at relevant considerations and common techniques.





EXCEL: 3 SIMPLE WAYS TO IMPROVE RELIABILITY



Topic: Computer Software



Anticipating how your workbooks may change over time and addressing the related risks up front can help reduce errors in your workbook. In this webinar, we’ll explore three simple ways to improve the reliability of your recurring-use workbooks.





Accounting 101





Purpose: This workshop expands an individual's basic understanding of Accounting.


Objective: By the end of this workshop, Grower will be able to define accounting, identify how accounting is used to support a business, understand why accounting is important, identify the different types of businesses and how they are affected by accounting.


Logistics: Instructor led 45-minute training course that offers practical training with real life examples and helpful tips for understanding accounting. Course is from Applied Educational Systems.



Business Plan 101





Purpose: This workshop expands on topics relevant to those individuals who are planning to write a business plan.


Objective: In this workshop, Growers will be able to apply planning principles and design practices when writing a business plan.


Assessment: To accomplish this objective, Grower will one, define a business plan; and two, explain the components of a business plan.


Logistics: Instructor led 45-minute training course that offers real life examples and helpful tips for writing a business plan. Course is from the SBA Learning Center.



Marketing 101





Purpose: This workshop expands an individual's basic understanding of Marketing.


Objective: By the end of this workshop, Grower will be able to define marketing, identify how marketing is used to support a business, understand why marketing is important, identify the different types of customers and how they are affected by marketing.


Logistics: Instructor led 45-minute training course that offers practical training with real life examples and helpful tips for understanding marketing. Course is from Applied Educational Systems.



SWOT





Purpose: This workshop will help Growers identify individual hobbies, strengths, and weaknesses; describe what opportunities hobbies and/or strengths may benefit them in OR describe how hobbies and/or strengths can help achieve goals; and describe what other strengths or experiences needed to achieve goal that they don’t already have.


Objective: In this workshop, Growers will consider their hobbies, strengths, and weaknesses and discuss how these can relate to a potential opportunities.


Logistics: Instructor led 45-minute training course that offers . Course is from Applied Educational Systems.






Stay Connected



for updates on our upcoming events!




SIGN UP!