Beyond Tax: What Every Auditor Needs to Know About the Antio Case

Aaron Johnson, partner at Ballard Spahr and co-leader of the firm's State and Local Tax (SALT) team, will speak at a webcast hosted by the Washington Society of Certified Public Accountants. He will be joined by fellow guest speaker Adam Cline, a member of the consulting group at Moss Adams LLP, for the discussion. Attendees can register online to attend this remote event, and will have the chance to earn CPE credit.

The event description:

The Washington Supreme Court’s Antio, LLC vs. Department of Revenue (Antio) decision has introduced significant uncertainty regarding the application of the Business & Occupation (B&O) tax investment deduction. What does this mean for auditors and accountants in Washington state? How does it affect investment income tax liability and financial statement disclosures? Will your clients be subject to this B&O tax for 2024 and prior years, and if so, for how many years?

Join us for an in-depth webcast with Aaron Johnson and Adam Cline, who will explore how to assess loss contingencies under ASC 450 in the post-Antio environment. Find out when to accrue or reserve for potential liabilities, dive into the timing of disclosures, and discover how to navigate the new complexities this ruling introduces.