Union County Chapter Season Pass - 2017/18

In this session, we will discuss the how you should prepare for your upcoming peer review. We will touch on the new AICPA PRIMA program, and some of the common findings that lead to a failure rating. Then, hear a non-profit update, including details on presentation of financial statements for non-profit entities and leases.

Highlights

How to Prepare for Peer Review

Frank Boutillette

In this session, we will discuss:

• Selecting a Peer Reviewer
• Types of Reviews
• The AICPA Peer Review Enhanced Oversight Program
• AICPA - PRIMA
• Peer Review Findings & Reporting
• Common Findings

 

Not-for-Profit Accounting and Auditing Update

Alexander Buchholz

In this session, we will discuss:

• ASU 2016-14 - Presentation of financial statements of not-for profit entities
• Proposed ASU - Clarifying the scope and the accounting guidance for contributions received and contributions made
• ASU 2016-02 - Leases
• ASU 2014-09 - Revenue from contracts with customers

Benefits

Earn 4 CPE credits in AA.

View Full Event Details

Learn how to protect income in retirement and maximize social security benefits. Then, get the latest updates on elder care.

Highlights

8:00 AM - Social Security: Maximizing Benefits Under the "New Rules" - Ash Ahluwalia
Learn how to protect income in retirement and maximize social security benefits. We will also review the “new rules” governing Social Security as a result of the Bi-partisan Budget Act of 2015. Over 90% of recipients get less money than they are entitled to. There are over 2,700 rules governing social security, married couples have over 567 filing options and social security agents are prohibited from offering advice. We will address strategies to minimize the taxation of Social Security benefits as well as the best way to maximize benefits for high-net worth individuals.

10:00 AM - Elder Care - Jason Marx
Learn about the complex issues involved in the care of elderly or special needs family members. Including representation of disabled individuals before government agencies; information on creating special needs trusts, Medicaid, Supplemental Security Income (SSI) and guardianship; advocating for children’s rights to public benefits in schools; and long-term care planning, among other related issues.

Benefits

Earn 4 CPE credits in TX.

View Full Event Details

Hear about new information on how to use non-GAAP financials. Then, hear an accounting and auditing update on agreed upon procedures and forecasts and projections.

Benefits

Earn 4 CPE credits in AA.

View Full Event Details

This year’s fast-paced Annual Tax Seminar will update you estate & gift tax issues, health care, FATCA, and state and federal taxation.

Highlights

7:00-7:50am
Registration, Exhibitors and Breakfast

7:50-8:00am
Welcome and Opening Remarks
Gary Mannuzza - Union County Chapter President
Anna Christakos - Union County Chapter Vice President

8:00-9:00am
Foreign Filings
Parag P. Patel, Esq. - Patel Law Offices
With the IRS targeting taxpayers with unreported foreign assets, tax professionals must identify the pitfalls of the new world of global financial transparency and learn the requirements of foreign asset reporting. We will 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. We will identify best practices for compliance and discuss the benefits and pitfalls of the IRS' voluntary disclosure programs for non-compliant taxpayers. Experienced tax attorney Parag Patel has handled over two hundred disclosures for clients.

9:00-10:00am
Labor Law Topics
Jedd Mendelson, J.D. - Littler Mendelson, P.C.
Get the latest updates from the Department of Labor (DOL) affecting your clients and your business. To learn what's hot and what's not, don't miss this timely update.

10:00-10:15am
Coffee Break and Exhibitors

10:15-11:15am
Federal Tax Update
Bruce Mantell, CPA, J.D., LL.M. - Mantell, Prince, & Reynolds, P.C.
Hear a discussion on recent tax law changes and updates to income tax, business tax, and miscellaneous topics affecting taxpayers and businesses.

11:15am-12:15pm
Estate & Gift Tax Update
Brian D. Reynolds, J.D., LL.M. - Mantell, Prince & Reynolds, P.C.
Examine the fundamentals of estate planning and get updates on tax law changes in this informative session.

12:15-12:30pm
Coffee Break and Exhibitors (Sponsor Drawings)

12:30-1:30pm
NJ Tax Update
Susan Feeney, Esq. - McCarter & English Attorneys at Law
Get prepared for all the intricacies of the New Jersey state tax system. Discussion topics include nexus (sales and corporate tax), sales and use tax, gross income tax, corporation/business tax, and New Jersey administrative procedure.

Benefits

Earn 6 CPE credits in Taxation.

View Full Event Details

Start the 2017 year right with this 4 credit hour CPE presentation on forensics and valuation.

Highlights

This presentation is based on an actual matter that evolved from a family dispute centered around theft by a family member actively participating in the business who also happened to be in control of the elements of accounts receivable. Besides illegal activities, the matter escalated into a shareholders' dispute manifesting into a business valuation using fair value standards.

Benefits

Earn 4 CPE credits in Accounting and Auditing.

View Full Event Details

Blockchain technology is poised to create major waves in the accounting profession. In this session, learn how this revolutionary technology works and how it will impact your pratice. Then, learn how to use a data-driven approach to maximize profits.

Highlights

Blockchain & Accounting - What You Need to Know
Dr. Sean Stein Smith, CPA, CMA, CGMA - Lehman College (CUNY)

Blockchain technology has received quite a bit of attention as a technology that can potentially revolutionize the accounting profession.  In this session, hear an introduction to blockchain technology and how it will impact your practice and your clients.  Additionally, hear a quick take on Bitcoin and its relation to blockchain.

 

4 Ways Data Can Improve Profits
Brian Fitz-Gerald, CPA - Akseshen LLC 

Essential to running a successful business is knowing which customers are profitable and those that are not. Many businesses perform customer profit assessments but are unaware of errors or misstatements distorting true customer profitability. Adopting a data-driven approach greatly reduces the chances of these errors which provides a more accurate and detailed view of customer profits. The discussion will focus on converting transactional data to actionable information, performing exploratory analysis, and enhancing cost transparency.

Benefits

Earn 4 CPE credits in CS.

Designed For

CPAs, accountants and student members.

View Full Event Details

NJCPA CEO and Executive Director, Ralph Albert Thomas, CGMA will provide a professional issues and legislative update and will discuss the Society’s latest initiatives and advocacy efforts on behalf of the profession. Learn where the profession is headed and changes you need to be aware of to be future-ready.

Highlights

Join us as we honor our chapter's past presidents for their service and dedication to the chapter.

Benefits

Earn 2 CPE credits in Specialized Knowledge.

View Full Event Details

Attend this session to hear about changes in financial planning strategies under the new administration. Then, hear an estate planning update with a focus on gift tax changes and strategies for high net worth clients.

Highlights

Financial Planning
Jeffrey Christakos, CPA, CFP, CLU, AIF - Monmouth University

In this session, we will discuss financial planning strategies under the new administration.  We will survey the current financial planning horizon for ideas on how CPAs can best help clients meet their short and long-term goals.

 

Estate Planning
Anthony Vitiello, Esq. - Connell Foley, LLP

In this session, we will discuss:

• Update on Federal Estate and Gift Tax Law Changes
• Sophisticated Estate Planning Strategies for Ultra-High Net Worth Clients

Benefits

Earn 4 CPE credits.

View Full Event Details