Morris/Sussex Chapter Season Pass - 2017/18

Learn of the detailed rules of foreign asset disclosure: who needs to file and accounts that must be reported, and the potential liability of the taxpayer and tax preparer. Then, hear about contemporary trends of the CPA firm marketplace and the growth model for the firm of the future.

Highlights

Foreign Asset Disclosure

Parag P. Patel, Esq.

The IRS and other agencies are targeting taxpayers with unreported assets or payments to undocumented overseas suppliers.  Tax professionals must be able to operate in the new world of global transparency and be aware of the requirements of Form W-8 Ben (Certificate of Foreign Status for Withholding and Reporting), Form 8938 (Statement of Specified Foreign Assets) and Form 5471 (Information Return with Respect for Certain Foreign Corporations.)

The program will cover rules of foreign asset disclosure including who needs to file and the accounts that must be reported.  Best practices for compliance and benefits associated with IRS disclosure programs will be reviewed as well as penalties for nondisclosure for the tax payer and preparer will also be discussed.

Tax attorney Parag Patel is the presenter. He specializes in international reporting issues and has handled over 200 disclosure and tax controversy cases with the IRS and other government agencies. 

The Future of the Accounting Marketplace and the Impact on Strategy

Joe Tarasco and Nancy Damato, Accountants Advisory Group

In this program, we will address:

• Strategies to adapt quickly to the needs of the changing marketplace as traditional services are commoditizing and becoming increasingly fee sensitive.
•  How to become an “Integrated Solutions Provider” by developing truly innovative technical and advisory/consulting provider based on market demand and to complement existing compliance services.
•  Properly positioning the firm in this ever-changing marketplace to gain a competitive edge.
•  Aligning and bundling the firm’s services by leveraging technical and advisory resources to satisfy specific market demand.

Building a Talent Base for the Firm of the Future

• “Continuous recruiting” for experienced professionals — “just in time” recruiting is no longer
  a practical and sustainable option for managing an accounting firm.
• Top 10 retention factors, policies, and strategies for a contemporary and future workforce.

Leading and Managing the Firm of the Future

• Leading and managing the firm through navigating the “Perfect Storm,” including:
• Increased competition for clients and staff;
• Succession planning as “Baby Boomer” partners are retiring with unfunded buy-outs;
• Consolidation of the accounting industry; and
• Bottom line pressures with increasing direct labor costs while traditional compliance services are facing increasing fee sensitivity.
• Leading, motivating, and managing for results beyond partner accountability structures.
• Different approaches to partner compensation to motivate and reward positive results. How
  to deal with mediocre performers and “comfort zoners.”
• The fine art of managing the firm as a “business vs. a practice.”
• Leading positive change and culture — Is your firm “future ready?”

Benefits

Earn 2 CPE credits in TX and 2 CPE Credits in SK.

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Learn how to best serve your clients with this timely update on retirement and financial planning.

Highlights

Agenda:

• Planning for retirement
• Update on current pension legislation - an effective tax planning tool for business owners
• Usage of returns as a tax planning tool

Benefits

Earn 2 CPE credits in CS and 2 CPE credits in TX.

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Learn important information on fiduciary responsibility. Then, learn about common audit deficiencies and proposed auditing standards on forming an opinion and reporting on financial statements of employee benefit plans subject to ERISA. Finally, hear an accounting and auditing update to round out the session.

Highlights

Fundamentals of Auditing Employee Benefit Plans
Olivia Campaniolo & Robert Slootmaker

Learn the essentials for planning and performing an audit of employee benefit plans in accordance with auditing standards generally accepted in the United States and DOL rules and regulations for reporting disclosures under ERISA. Objectives include: planning the audit, assessing risk, and financial statement review.

Benefits

Earn 4 CPE credits in AA.

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Hear an update on all areas of taxation at this popular one-day event. Together with industry experts, explore the latest in state and federal tax legislation.

Don't miss this timely update before the chaos of tax season ensues!

Highlights

7:45-8:00am
Registration, Breakfast and Exhibitors

8:00-8:15am
Welcoming Remarks and Announcements

8:15-9:55am
Federal Tax Update
Patrick J. Deo, CPA, Cr.FA - Deo, LaManna, Deo, & Co., P.C.
Hear an update on major tax law changes, including new federal taxation legislation, IRS pronouncements, and judicial decisions issued in the last year.

9:55-10:10am
Break & Exhibitors

10:10-11:50am
State Tax Update
Geoffrey Weinstein, Esq. - Cole Schotz P.C., Law Firm
Do you represent individuals or businesses paying taxes in New Jersey? Hear an update on major state tax law changes.

11:50am-12:30pm
Lunch & Exhibitors

12:30-2:10pm
Social Security Income Maximization Strategies
Ash Ahluwalia, MBA, NSSA, CSSCS, CFP - Atlas Advisory Group, LLC
This course will detail many little known strategies available to maximize eligible Social Security benefits.  We will also review the “new rules” governing Social Security as a result of the Bi-partisan Budget Act of 2015. Since over 90% of filers receive less money than they are entitled to, this course will detail numerous strategies available to married, divorced, widowed, couples with minor children and strategies available to business owners to maximize benefits. We will also address strategies to minimize the taxation of Social Security benefits as well as the best way to maximize benefits for high-net worth individuals.

2:10-2:20pm
Break

2:20-4:00pm
Estate Planning for Business Owners
Gary A. Prince Jr., CPA, J.D., LL.M. - Mantell, Prince & Reynolds, P.C.
Hear an in depth discussion relating to federal estate tax, including the latest exemptions, portability and the related use of a QTIP Trust (Rev. Proc. 2016-49), and current planning considerations in the face of uncertainty.  In addition, business succession planning will be discussed including both practical and tax considerations.

Benefits

Earn 8 CPE credits in Taxation.

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Get ready for tax season with a year-end update from the IRS from one of our favorite presenters, Glenn Gizzi. Then hear an overview of the Tax Cuts and Jobs Act. Learn tips and strategies to help your clients successfully navigate the new tax reform legislation. Earn 4 CPE credits in taxation.

Benefits

Earn 4 CPE credits in TX.

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Don't miss this all-day accounting and auditing program featuring hot topics, including ASC 250, revenue recognition and leases, nonprofit update, and review of personal financial statements.

Highlights

2018 Accounting and Auditing Seminar

8:00 - 9:40am
ASC 250 Update
Michele Harlan, CPA - HBK CPAs & Consultants

9:40 - 9:50am
Break

9:50 -11:30am
ASC 606 Revenue Recognition and ASC 842 Lease Accounting
Peggy Gallagher, CPA - WithumSmith+Brown

11:30 - 11:40am
Break

11:40am - 12:30pm
Nonprofit Update
Alexander K. Buchholz, CPA, MBA, CGMA - PKF O'Connor Davies, LLP

12:30 - 1:30pm
Lunch

1:30 - 2:20pm
Review/Preparation of Personal Financial Statements
Angela Garofalo, CPA, CFP - Untracht Early LLC

2:20 - 2:30pm
Break

2:30 - 4:10pm
Hot Topics in Accounting & Auditing
Hank Fuentes, CPA, MBA - SAX LLP

Benefits

Earn 8 CPE credits in A&A.

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