Exploring Client Advisory Services - Depreciation

OL1468  |  On Demand Course  |  Update  |  Self-Study

Description

Whether you are going into business for yourself or advising clients, depreciation is an important deduction on the tax return. It is often a big deduction that presents lots of opportunities for tax savings - that is, if you understand how the calculation works! In this class, we will focus on building an understanding of what makes tax depreciation so unique. We will discuss first-year elections that can be made and look at the potentially costly depreciation recapture provisions.

Credits

Number of Credits Type of Credits
1.50 Taxes

Designed For

Small business owners or practitioners who are new to the industry, or only have a basic understanding of federal tax rules and are looking to deepen their understanding of how depreciation is accounted for on the tax return.

Objectives

  • State how depreciation differs for GAAP and Tax Purposes.
  • Recognize different useful lives for various assets for tax purposes
  • Identify accelerated depreciation methods
  • Recognize how to calculate depreciation recapture for non-real property

Prices

Member (Early Bird)
$75.00
Non-Member (Early Bird)
$115.00
Member
$75.00
Non-Member
$115.00
Your Price: $115.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

David Peters

David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.

David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.

He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.

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