Thomson Reuters has unveiled a new continuing education program tailored to accounting and audit professionals who focus on fixed assets and depreciation tax cases.
The Thomson Reuters Checkpoint Learning Tangible Property Certificate Program provides professionals with a thorough understanding of the uniform capitalization rules issued by the IRS. Delivered via the Checkpoint Learning platform, the program contributes to a thorough understanding of the lifecycle of an asset, including the initial determination of when the expenditure should be capitalized, when it falls under the repair guidelines, and when it falls within the de minimis guidelines. Professionals participating in the program will learn to distinguish between separate assets and component parts of assets, which is vital when determining whether to capitalize or expense an asset.
“The treatment of fixed assets is a critical area in every business, but it can be difficult for practitioners to differentiate between a repair of a major asset and a replacement,” said Chris Horne, senior director of operations and business development with the Thomson Reuters Tax & Accounting business. “This program helps professionals keep up with the latest depreciation rules and allows them to provide better client service to those who need guidance in the area of tangible property.”
Candidates who successfully complete the coursework and comprehensive final exam will earn a Checkpoint Learning Tangible Property Competency Certificate and approximately 31 hours of continuing professional education credit. Completion of the courses may also qualify towards the continuing education requirement of enrolled agents and other designations.
Thomson Reuters Checkpoint tackles market disruption through integrated research, editorial insight, productivity tools, online learning and news updates along with intelligent links to related content and software. It is relied on by hundreds of thousands of tax and accounting professionals, and counts among its customers 97 of the Top 100 U.S. law firms, 99 of the Fortune 100 companies, and all of the top 100 U.S. CPA firms.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.