Day 3

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All sessions are for 2 CE credits unless otherwise indicated.


Course 3001

Keynote Session: The Radical CPA: New Rules for the Future-Ready Firm​
(1.5 MAP CPE)

Jody Padar, CEO and Principal, New Vision CPA Group

You must attend this session for a full day's credit.

The fundamental tenets of a future-ready, customer-centric firm built for today’s rapidly changing business environment. Jody will give you an overview on how working in the cloud streamlines workflows and delivers enhanced client services. How the shift to social media channels can attract and serve profitable clients. Learn the basics of a new vision of customer-driven innovation in developing and marketing new products and services and in re-inventing internal firm processes and procedures; create a new accounting firm business model of flexible, results-driven workplaces, client focus and value-pricing.


Course 3011

S & C Corporation Update
(TAX CPE) (CLE) (2 IRS CE G1U2N-U-00133-16-I) (CFP)

Robert S. Barnett, CPA, JD, MS (Taxation)

Course repeats at 3041

This program provides an update of new cases and rulings. Shareholder distributions, basis and loss utilization will be analyzed in detail. A detailed workshop of S Corporation distribution examples is included.


Course 3012

New Overtime Rules and Federal Wage and Hour Requirements for Employers and Their Representatives
(TAX CPE) (CLE)

Maurico Agudelo, Senior Investigator, U.S. DOL, Wage and Hour Division and Andrew Kimler, Esq.

Labor and wages are among the highest operating costs for many businesses. Learn what you need to know to avoid liabilities and stay in compliance with federal wage and hour laws. Special emphasis will be given to the DOL's new overtime rule which goes into effect on December 1.

Topics will also include Federal and State Minimum Wages, Recordkeeping, Exemptions, other labor provisions, as well as audit and penalty information.


Course 3013

QuickBooks Online Fundamentals
(SK CPE)

MB (Mary Beth) Raimondi, CPA, CITP, MS (TAX)

This session is for accounting professionals who are brand new to QuickBooks Online and QuickBooks Online Accountant. This session begins with an introduction to the product and the special features that help accounting professionals support their QuickBooks Online clients. We will then walk through how to set up the free “Your Books” subscription to QuickBooks Online and demonstrate basic workflows within the application.


Course 3014

Fiduciary Income Taxation and Grantor Trusts
(TAX CPE) (CLE) (CFP) (IRS CE G1U2N-T-00134-16-I)

Mark E. Wilensky, Esq., Stephen M. Breitstone, Esq.

The new paradigm of estate planning highlights income tax and basis planning. This program will address the prevalence of grantor trusts in estate planning, the outlook following the Presidential election, fiduciary accounting income and taxation of grantor and non-grantor trusts, and state income tax planning.


Course 3015

Top Ten Common Estate Planning Mistakes
(TAX CPE) (CFP) (CLE)

Neil Katz, J.D., LL.M, CPA

Many practitioners and clients believe that based upon the current estate tax rules, estate planning is only required for the wealthiest individuals. In reality, all people can benefit from having a proper estate plan in place. A proper plan can help families deal with not only tax issues, but concerns about how assets should be dealt with after death. This session will highlight the most common mistakes that individuals make in their planning and provide insight into the best approaches that will let you help your clients clean things up.


Course 3016

IRC 754 Election
(TAX CPE) (CLE) (2 IRS CE G1U2N-T-00135-16-I)

Beanna J. Whitlock, EA, CSA, RTRP

What is the 754 Election? When is it made and by whom? What are the lasting effects of the election? Tax professionals are intrigued and confused about the IRC 754 election in partnerships. This course will answer the questions and assist you in determining if the election is correct for your taxpayer. Learn how to do it right for the IRS and to keep your client in conformity with the Code.

Intermediate to Advanced.


Course 3021

Partnership and S Corporation Losses
(1 TAX CPE) (1 CFP) (1 CLE) (1 CFP) (1 IRS CE G1U2N-T-00136-16-I)

Robert S. Barnett, CPA, JD, MS (Taxation)

Course continues at 3031. You must continue at course 3031 for the full combined 2 CPE credit!

Course repeats for full credit at 3051.

The At-Risk Rules apply to limit loss utilization to amounts economically used in the venture. We will explore the underlying rules and analyze specific examples and planning opportunities. S Corporations and Partnerships will be contrasted.


Course 3022

Form 1041 and the Preparation of the Estate Return
(1 TAX CPE) (1 CLE) (1 CFP) (1 IRS CE G1U2N-T-00138-16-I)

Beanna J. Whitlock, EA, CSA, RTRP

Basic preparation of the Form 1041 for a Decedent's Estate. Part pants will understand the need to file a Form 1041 and the responsibilities of the Administrator. Additionally, tax professionals will work through the preparation of the final 1040 and the form 1041 separating the income and expenses. Participants will understand the distribution of net income to the beneficiary and how it is reported.

Basic to Intermediate. 


Course 3023

What’s Cool in Technology These Days
(1 SK CPE)

Christina Wiseman, Product Manager, Thomson Reuters

New technology appears every day, from advanced in hardware and software to security and entertainment. Who can keep up? More importantly, what’s behind the hype, and how can you decide what warrants a closer look for practical implementation in the workplace today?


Course 3024

New Regs Affecting the Deduction and Capitalization of Expenditures
(1 TAX CPE) (1 IRS CE G1U2N-T-00139-16-I)

Charles Duncan, Director, Cost Segregation, SourceHOV Tax

The course will provide an overview of the Final Regs, a discussion on Routine Maintenance Safe Harbors, Repairs vs. Improvements, Units of Property/Major Components/Substantial Structural Parts, Dispositions and Cost Segregation applied to the New Regs.


Course 3025

5 Transformational Technologies to Jump Start Your Practice
(1 MAP CPE)

Philip Phares, Education Director, Office Tools

In our fast paced culture, it’s necessary to leverage the transformational power of technology in order to succeed. This session will identify the core systems and methods you need to build the technological foundation that will take your firm from good to great. Without this transformation, your business never finds that next gear where all the long hours pay off and you get to reap the joy and fulfillment of business ownership. Staying in the slow lane is no longer an option, come hear what could be the solution to many of your firm’s problems.


Course 3026

New Overtime Rules & Pay Scenarios: Do I Have to Pay My Employees for That?
(1 TAX CPE)

Kristin LaRosa, ADP Small Business Services

Classifying employees and knowing how to pay them properly can be confusing. With the Department of Labor (DOL) implementing new overtime rule changes to the Fair Labor Standards Act (FLSA) on December 1, now is the time to understand its impacts to both your firm and your clients.


Course 3027

Small Captive Insurers and the New IRS Reporting Regime
(1 TAX CPE) (1 CLE) (1 IRS CE G1U2N-T-00130-16-I)

Rachel L. Partain, Esq.

Repeat of Course 2027

With a January 30, 2017 filing deadline looming, this program will discuss the recently-issued Notice 2016-66 identifying certain section 831(b) captive insurance companies as a transaction of interest. The program will also cover reportable transaction reporting requirements that are now applicable to small captives, including who must disclose and what disclosures are required, as well as the potential for significant penalties if the forms are not submitted timely and properly.


Course 3031 (Lunch Program)

Partnership and S Corporation Losses
(1 TAX CPE) (1 CFP) (1 CLE) (1 IRS CE G1U2N-T-00137-16-I)

Robert S. Barnett, CPA, JD, MS (Taxation)

Course continues from 3021. You must take this course for the full combined 2 CPE credit!

The At-Risk Rules apply to limit loss utilization to amounts economically used in the venture. We will explore the underlying rules and analyze specific examples and planning opportunities. S Corporations and Partnerships will be contrasted.


Course 3032 (Lunch Program)

Gifts and Estates
(1 TAX CPE) (1 CLE) (1 CFP) (1 IRS CE G1U2N-T-00140-16-I)

Beanna J. Whitlock, EA, CSA, RTRP

With the new gift and estate limited there has never been a better time to learn about form 709 and 706. Learn how dangerous it is to not advise, to advise incorrectly and, to let taxpayers believe misinformation. The tax professional will be informed and assured of knowledge to help their taxpayers.

Basic to Intermediate.


Course 3033 (Lunch Program)

The Social CPA Firm
(1 MAP CPE)

Bob Torella, MBA

The Social CPA concept is about building brand awareness on the net, differentiating your firm, providing more value to your existing clients, attracting the right clientele to your practice, and much more. This session will offer a roadmap to success in the new social-driven economy.


Course 3034 (Lunch Program)

Critical IT Security Protections EVERY Business Must Have In Place NOW to Avoid Cyber Attacks, Data Breach Lawsuits, Bank Fraud and Compliance Penalties
(1 MAP CPE)

Dan Fusco, My Inner PC

During This Seminar You’ll Discover The scary risks of mobile and cloud computing as well as critical policies, procedures and protections EVERY business must have in place NOW to protect themselves; overlook even one and you’re exposing yourself to security breaches, damaging and expensive litigation, employment lawsuits and having confidential company information exposed to competitors, hackers and cyber criminals.


Course 3035 (Lunch Program)

PATH Act Extenders
(1 TAX CPE) (1 IRS CE G1U2N-T-00141-16-I)

Charles Duncan, Director, Cost Segregation, SourceHOV Tax

The course will provide an Overview of The Extenders, a discussion on Qualified Leasehold/Restaurant/Retail/Improvement Property, the new Bonus Depreciation rules, Section 179 rules and other new rules affecting Indian Reservation property and Section 179D.


Course 3036 (Lunch Program)

ABCs of NYS Residency Audits
(1 TAX CPE) (1 CLE) (1 CFP)

Karen J. Tenenbaum, Esq., LL.M. (Tax), CPA; Marisa M. Friedrich, Esq.; Jonathan Mariner, CEO and Founder of TaxDay

Learn the basics of handling your client’s NYS tax residency audit. Join us as we discuss the criteria used to determine NYS statutory residency and establish domicile outside NYS. TaxDay will demonstrate its new mobile app that automates day-count tracking to monitor tax residency thresholds.


Course 3037 Just Lunch

No Program - Just Lunch


Course 3041

S & C Corporation Update
(TAX CPE) (CLE) (2 IRS CE G1U2N-U-00133-16-I)

Robert S. Barnett, CPA, JD, MS (Taxation)

Repeats of Course 3011

This program provides an update of new cases and rulings. Shareholder distributions, basis and loss utilization will be analyzed in detail. A detailed workshop of S Corporation distribution examples is included.


Course 3042

Smarter Social Security
(TAX CPE) (CFP)

Daniel G. Mazzola, CFA, CPA

An AARP survey determined that only half of its respondents who were either married or who had ever been married were aware that Social Security spousal benefits were available. This presentation will provide a broad overview of the Social Security program as it pertains to retirees and their beneficiaries while emphasizing spousal and survivor benefits. These auxiliary benefits will be examined and attendees will learn how to optimize payouts using a simple strategy.


Course 3043

Reorganizations of LLCs and Other Tax Partnerships
(TAX CPE) (CLE) (CFP) (IRS CE G1U2N-T-00142-16-I)

Matthew E. Rappaport, Esq., LL.M. (Taxation)

The presenter will highlight the important tax aspects of partnership recapitalizations, mergers, and divisions while reviewing the fundamentals of Subchapter K along the way. The program will pay particular attention to the accountant’s responsibilities before, during, and after the reorganization. The presenter will also illustrate some ways these reorganizations are used during tax, business, and estate planning.


Course 3044

The Firm of the Future: This Is Not Your Father’s Accounting Firm!
(MAP CPE)

William Carlino, Transition Advisors

You can’t run an accounting firm in 2016 like you did in 1980. Firms need to be ready to adapt to the rapid advances in technologies, globalization and organizational structure in order to remain competitive.

In this session attendees will learn:

  • Why you need marketing and business development specialists;
  • How technology can improve synergies and efficiency – particularly with satellite offices;
  • Getting ready for more mobile tools and remote workers;
  • Using technology as a recruiting tool to attract and build bench strength;
  • Is the era of the virtual firm upon us?

 

Course 3045

IRS Criminal Investigation, Identity Theft and Cybersecurity
(TAX CPE) (CLE) (2 IRS CE G1U2N-T-00143-16-I) (CFP)

IRS - Criminal Investigations; Anthony Roberto Jr., Supervisory Special Agent & Gregory Tranchina, Special Agent, Public Information Officer

Special Agents from the New York Field Office of IRS-Criminal Investigation (“CI”), the Internal Revenue Service’s law enforcement arm, will discuss how CI continues to address tax fraud-related identity theft and the emerging area of cybersecurity, from a law enforcement and criminal tax perspective.


Course 3046

Accounting & Auditing Issues for 2016
(A & A CPE)

Frank A. Gallo, CPA, Stephen Franciosa, CPA

This session will provide you with an overview of the recent changes to accounting and auditing standards. It will enable you to understand the requirements of the new standards and how they will affect your practice. We will also discuss common implementation issues found in accounting and auditing standards. We will also discuss what procedures your firm needs to put in place to implement these standards.


Course 3051

Partnership and S Corporation Losses
(TAX CPE) (CFP) (CLE)

Robert S. Barnett, CPA, JD, MS (Taxation)

This is a Repeat of the combination of 3021 and 3031.

The At-Risk Rules apply to limit loss utilization to amounts economically used in the venture. We will explore the underlying rules and analyze specific examples and planning opportunities. S Corporations and Partnerships will be contrasted.


Course 3052

2016 Employment Law Update: What Will They Think of Next
(TAX CPE) (CLE)

Glenn J. Franklin, Esq., Jasmine Y. Patel, Esq.

We will discuss updates and new developments in labor and employment law, both New York State and federal. Specific topics will include mandatory benefits, such as the New York City Paid Sick Leave law and commuter benefit; changes with regard to interns; New York State unemployment insurance law, including misclassification of employees; workers’ compensation; wage and hour updates, such as the tip credits, salary thresholds and minimum wage increases; and social media and the law.


Course 3053

Effective Elder Care Advocacy - The Intersection of Tax and Elder Care Planning
(TAX CPE) (CLE) (CFP)

Stuart Schoenfeld, Esq.

Applying for Medicaid benefits begins with an effective strategy to protect and preserve the family’s resources. Using case studies, this program will highlight the intersection between tax planning and effective elder care plan design. We will examine applicable estate and income tax laws and their impact on elder care planning as well as recent changes to Medicaid laws and application process.


Course 3054

Subpoenas, Search Warrants and Grand Juries, Oh My! Can Kovel Save the Day?
(TAX CPE)

Joseph T. Conley III, Attorney-in-Charge, Suffolk County DA’s Office

ADA Conley will address how documents are obtained in criminal investigations, focusing on the requirements of tax professionals to maintain documents and how the Kovel doctrine applies in criminal cases. ADA Conley will also highlight current trends in criminal tax enforcement.


Course 3055

The Tech-Savvy Client Is Here – Are You Ready?
(MAP CPE)

Christina Wiseman, Product Manager, Thomson Reuters

Convenience through technology is the new norm. Clients expect the same convenient online services offered by banks and other financial services. In this session, we’ll discuss why implementing online portals and other services is so important for retaining your best clients, finding and attracting better clients and how successful firms have made this happen. Come discuss implementing technology strategically to retain and gain your best clients!


Course 3056

Learn How a Qualifying Longevity Annuity Contracts (QLAC) May Help Clients Defer Taxes on Qualified Assets Well Beyond Age 70 1/2
(TAX CPE) (CFP)

Cleo Beletsis, Financial Services Professional Agent, Forest Hills Financial Group; Mitchell Katz, Annuity Specialist, Guardian Life

Have a client that's unhappy about their forced retirement distribution thay may not need?  They don't want or need the income?  They want to keep their assets sheltered?  Find out how new Treasury Department regulations may allow your clients to continue to defer taxes on their qualified assets well beyond age 70 1/2 with a Qualifying Longevity Annuity Contract (QLAC).



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All sessions are for 2 CE credits unless otherwise indicated.