Day 3

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All sessions are for 2 CE credits unless otherwise indicated.


Course 3001

Keynote Session - Learning to Ride the Wave of Change
(1 TAX CPE)

Bill Reeb, CPA, CITP, CGMA, Co-Founder and CEO, Succession Institute, LLC

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

Given that the rate of change in our profession and lives seems to increase every year, and often it feels like change is increasing at an exponential pace, it is critical for today’s leader be aware of the likely waves of change coming our way. Between changes in the demographics within our profession, the globalization of our profession, and various technologies that will drive our profession, each of us needs to determine our path to evolve our practices so that we can not only maintain our relevance in the services we will be delivering to the clients, but our competencies that will be required to deliver those services. Some of the topics we will cover are:

  • History of some major change initiatives
  • How the Vision Project predicted the evolution of the marketplace and skill requirements
  • Some highlights from the 2016 PCPS/Succession Institute Succession Survey
  • The handwriting on the wall for the “Waves of Change” likely to come our way

 

Course 3011

S Corporation Update
(1 TAX CPE) (1 CFP) (1 CLE)

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

Repeats at 3041

S Corporations continue to play an important role in business structure. If the specific rules and requirements are not followed, this special tax status may be lost resulting in significant increases in corporate taxation. This course will focus on new cases and rulings with specific attention to avoiding traps and pitfalls.

Topics include:

  • S Corporation- Election and Qualification
  • Passive Activity and 3.8 % Medicare Surtax
  • Loss Utilization and Basis
  • Open Account Debt Regulations
  • Shareholder Loans
  • Compensation Issues

 

Course 3012

Interpreting a Hedge Fund K-1
(1 TAX CPE)

Jason Cohen, CPA

If you have absolutely NO difficulty in interpreting K-1s from Hedge Funds or other sources DO NOT REGISTER for this session – this session is NOT FOR YOU!

This session will look at how to interpret and properly report items from the more complex K-1s. While most K-1s require some degree of interpretation during the session we will look at possible options for some of the items reported on the K-1s.


Course 3013

Asset Protection Planning for Families – Elder Law and Special Needs
(1 TAX CPE) (1 CFP) (1 CLE)

Frank L. Buquicchio, CELA, CAP

Frank L. Buquicchio, CELA, CAP, will present a comprehensive and informative session on asset protection for the elder and special needs communities. He will discuss types of trusts essential to such planning, as well as how the different types of trusts are taxed.


Course 3014

Just Weeks Away From Implementation: New York State Paid Family Leave Program
(1 TAX CPE) (1 CLE)

Andrew A. Kimler, Esq., partner at Vishnick McGovern Milizio LLP

Effective January 1, 2018, a new law will affect virtually every New York State employer. Not be confused with the Family Medical Leave Act, the New York State Paid Family Leave Program, which is employee funded, will be phased in over four years. Mr. Kimler will closely examine the impact, benefits and mechanisms of this new law.


Course 3015

Beyond the Books: Connecting QuickBooks and ProConnect Tax Online
(1 SK CPE)

Mike D'Avolio, CPA and David Bergstein, CPA, CITP, CGMA

Join us to learn why small businesses and accounting professionals are moving to online solutions. During this session you will receive an introduction to QuickBooks Online Accountant. This introduction will include a demonstration of special features designed to help accounting professionals support their QuickBooks Online clients and manage their practice in QuickBooks Online Accountant. Finally, you will see how ProConnect Tax Online, the #1 online professional tax software*, is integrated into QuickBooks Online Accountant.


Course 3016

Uncovering Your Ability To Benefit From R&D Tax Credits
(1 TAX CPE)

Jennifer Flynn, SourceHOV Tax

Discover how the now permanent R&D tax credit can provide benefits to drive down tax liability and generate cash flow. Learn about this federal credit and the various industries and activities to which it applies. Companies that invest time and resources into developing new or improved products or processes in the United States are eligible.


Course 3017

New SSARS on Prospective Financial Statements and Amendments to Statements on Standards for Accounting and Review Services (SSARS No.22 and 23)
(1 A & A CPE)

Sharon Brenner, CPA

Learn about Compilation of Pro Forma financial information under the new clarity format and the amendments to certain provisions and language in SSARS 21 Standards for Accounting and Review Services.


Course 3021

Single Member LLC – The Basics And Beyond
(TAX CPE) (CFP) (CLE)

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

Repeats at 3051

Single member LLCs are frequently used to provide investment opportunities and will provide increased asset protection. Many partnership tax attributes need to be carefully considered. SMLLC’s often result from unintended consequences such as death of a partner, or may cease to exist when the entity becomes a partnership. Often these status changes occur in unintended ways such as a death of a partner in a two person partnership. This presentation will discuss many surprising aspects of SMLLC’s and their tax consequences.

Topics include:

  • Hidden Partnerships
  • Check the box regulations
  • Conversion of Partnership to SMLLC
  • Conversion of Corporation to SMLLC
  • Election out of Partnership
  • Various Tax Elections including IRC § 704(c)
  • Payroll Taxes

 

Course 3022

New Rules And Directions From The U.S. Department Of Labor; Updates To Wage And Hour Laws And Regulations
(TAX CPE) (CLE)

Andrew A. Kimler, Esq., partner at Vishnick McGovern Milizio LLP, and Irv Miljoner, district director of the U.S. Department of Labor Wage and Hour Division

Federal and State minimum wages, recordkeeping, exemptions, audits and penalties are critical topics for business owners and their advisors to know in avoiding liabilities and remaining in compliance with wage and hour laws. In addition to sharing updates with respect to these topics, Mr. Kimler and Mr. Miljoner will examine modifications in labor regulations and/or directives by reason of significant changes at the U.S. Department of Labor.


Course 3023

Cyber Risk "What it Means to Accounting Firms" An Eye- Opening Discussion on an Emerging Threat to Your Business!
(SK CPE)

Marc Schein, CIC, CLCS

This seminar will highlight What CPA's need to know about the cyber exposure their clients face. What are the cost associated with a data breach? What are a company’s first-party legal responsibilities post breach? What are a company’s exposures to cyber risk and what are the cost associated with breach recovery? What’s trending in Cyber Insurance? What makes each Cyber policy different? How can a Cyber policy save you thousands or millions of dollars in damages? How to respond after a data breach? What new attacks should I be aware of? How does a cyber liability policy differ from other professional liability coverage? It’s not a matter of if your clients will be breached it’s a matter of when.


Course 3024

I Owe What!
(TAX CPE) (CLE)

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

ADA Conley will discuss the difference between criminal and civil restitution, how criminal restitution is calculated and how negotiating in criminal cases works. This discussion will contrast the difference between criminal and civil cases providing insight for tax professionals to advise clients facing criminal investigation.


Course 3025

Understanding the RMD Rules on Death and Using Trusts as IRA Beneficiary
(TAX CPE) (CFP) (CLE)

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

As the need for estate tax planning has diminished with the increased estate tax exemption, the focus has shifted to understanding the income tax consequences that family members will face on inherited assets. As savings in qualified plan accounts have become a more significant part of decedent’s estates, understanding the rules that apply to those accounts is often a paramount concern. This session will focus on the rules that apply to the beneficiaries of IRAs after the death of the account owner and the options that are available. Included will be a discussion of the proper utilization of Trusts as the beneficiary of an IRA which will allow the preservation of the deferral of income recognition.


Course 3026

Filing the Decedent's Estate Return
(TAX CPE) (CFP) (CLE) (IRS CE)

Beanna J. Whitlock, EA, CSA, RTRP

The Internal Revenue Service says the filing of a final decedent’s tax return and the filing of Form 1041 - Estate Return is the most frequently under filed and incorrectly filed returns. Preparers will file the final return - Form 1040 and the Form 1041 - Estate Return and know why they must be filed. Discover the "how tos" of filing these returns as we work our way through a case example. Be prepared and ready to help clients who are dead, dying or planning their deaths.


Course 3027

Coming Soon...

Course 3031 (Lunch Program)

S Corp Update Including Basis & Loss Utilization
(1 TAX CPE) (1 CFP) (1 CLE)

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

This program concentrates on S Corporation basis and loss utilization. Many CPAs have expressed interest in basis calculation and how S Corporation losses may best be utilized. The Internal Revenue Service frequently audits S Corporation losses and this program is designed to provide assistance in applying the rules to practical considerations.

Topics include:

  • Basis Calculations
  • Open Account Debt Regulations
  • Accounting Considerations
  • Recent Cases & Rulings
  • Passive Activity Considerations
  • Final Year Suspended Losses

 

Course 3032 (Lunch Program)

Everything You Wanted to Know About Taxpayer Advocacy Panel (TAP)
(1 SK CPE)

Sallie Mullins Thompson, CPA/PFS, CFP, & TAP 2017 Vice Chair

In this 50-minute seminar, you will learn what TAP is and does; how it is funded/supported; from where its work comes; recent IRS recommendations by TAP; and, most importantly, how you can submit your issues/recommendations to TAP for the IRS.


Course 3033 (Lunch Program)

Thinking Strategically With Cost Segregation
(1 TAX CPE)

Chris Hitselberger, Managing Director, SourceHOV Tax

The Thinking Strategically with Cost Segregation course will address the increasing complexity of depreciation; how a tenant mix can effect depreciation; how to turn a 39 year building into a 15 year building; Qualified Improvement Property; Bonus Depreciation; and the Tangible Property Regulations.


Course 3034 (Lunch Program)

No Program - Just Lunch


Course 3035 (Lunch Program)

7 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, IT Consultant, InnerPC Computer Solutions

During This Seminar You’ll Discover:
The scary risks of mobile and cloud computing – and 7 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; The #1 security threat to your business that anti-virus, firewalls and other security protocols are defenseless to; A SHOCKING truth about bank fraud that most businesses don’t know about that could (literally) wipe out your bank account; CYBERCRIME Why firewalls and anti-virus software give you a false sense of security – and what it REALLY takes to protect your organization against new threats and today’s sophisticated cybercrime rings.


Course 3036 (Lunch Program)

Why the Cloud Rocks!
(1 MAP CPE)

Philip Phares, Education Director, AbacusNext

When everyone is saying, run to the cloud, the question most often heard from professionals is “What will it do for me?” This course will outline the strengths and weaknesses of the cloud and how firms can dissect what it means for them. As we take a detailed tour of the types of cloud offerings and products available, firms will be empowered to better look to the future and capitalize on cloud technology.

Learning Objectives:

  • Learn what the differences are in Cloud Hosting and SaaS offerings
  • Discover how to determine when and if the cloud is appropriate for your firm
  • Find out what offerings are available the effect accounting and tax firms specifically.

 

Course 3037 (Lunch Program)

Tech Toys/Gadgets: What You Need to Succeed In Deed
(1 MAP CPE)

Neil Sullivan, CPA

Attend and learn how tech toys/gadgets can help YOU to:
-Accomplish more, increase efficiency
-Strengthen/ secure access to your data and emails
-Increase client satisfaction (and yours)
-Reduce YOUR stress over cell phone battery red-zone,
-Reduce YOUR stress over cable connections (phones, tablets, laptops)
-Live life to the fullest!


Course 3041

S Corporation Update
(TAX CPE) (CFP) (CLE)

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

Combination of 3011 & 3031

S Corporations continue to play an important role in business structure. If the specific rules and requirements are not followed, this special tax status may be lost resulting in significant increases in corporate taxation. This course will focus on new cases and rulings with specific attention to avoiding traps and pitfalls.

Topics include:

  • S Corporation- Election and Qualification
  • Passive Activity and 3.8 % Medicare Surtax
  • Loss Utilization and Basis
  • Open Account Debt Regulations
  • Shareholder Loans
  • Compensation Issues

 

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

Partnership Taxation: The Bare Essentials to Get You Started
(TAX CPE) (CFP) (CLE)

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

Partnership taxation is an area many practitioners find confusing because of its depth and complexity. With the rise of LLCs as a preferred entity choice, partnership taxation is becoming increasingly relevant for both real estate enterprises and operating businesses. The presenter will start from scratch and guide attendees through fundamental rules and best practices as if they are first learning the subject. The discussion will include the new audit rules to take effect for taxable years starting after December 31, 2017. Interactive format; heavy Q&A encouraged.


Course 3044

Succession Planning and Valuing Your Firm
(TAX CPE)

Joel Sinkin, President Transition Advisors

If you are thinking of acquiring a firm or considering succession in the near future, this session is for you.

If you are a buyer or seller, knowing how to value the firm is critical. When should you start the process of planning your succession/transition of your practice? What are the keys to choosing the "right" successor firm or firm to acquire? What are the alternative deal structures?


Course 3045

IRS – Criminal Investigation "Cyber Crimes"
(TAX CPE) (CLE)

IRS - Brian G. Thomas, Supervisory Special Agent and National Identity Theft Coordinator Special Agent Casey C. Ryan,– Refund Crimes

This presentation was developed to provide the audience with an awareness of the emerging world of Cyber Crimes as it relates to ID Theft and Data Breaches. IRS Criminal Investigation (IRS-CI) defines cybercrime as a criminal investigation in which IRS-CI has investigative authority and the subject is believed to be committing a tax or other financial crime using the Internet as an essential means to commit the crime, remain anonymous, elude law enforcement and/or to conceal financial transactions, ownership of assets, or other evidence.


Course 3046

Transactional Planning With S Corporations and Partnerships
(TAX CPE) (CFP) (CLE)

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

The presentation will offer a practical guide and address the major tax implications associated with various planning structures involving S corporations and partnerships. Topics include: installment sales, 338(h)(10) elections, corporate freezes, and liquidations of S corporations; mergers of partnerships with a “partner buy-out”; and basis shifting opportunities involving partnerships.


Course 3047

Leveraging Technology To Grow And Secure Your Legacy
(A & A CPE)

Aaron Berson, CPA, MSA

Discuss disruption in the accounting profession through the lens of technology, both past, and present. We will explore new services lines practitioners can implement such as Client Accounting Services and why you should be offering them! Additionally, we will look at how to use technology to make your practice future ready, whether this means being acquired or passing the torch to the next generation.


Course 3051

Single Member LLC – The Basics And Beyond
(TAX CPE) (CFP) (CLE)

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

Repeat of 3021

Single member LLCs are frequently used to provide investment opportunities and will provide increased asset protection. Many partnership tax attributes need to be carefully considered. SMLLC’s often result from unintended consequences such as death of a partner, or may cease to exist when the entity becomes a partnership. Often these status changes occur in unintended ways such as a death of a partner in a two person partnership. This presentation will discuss many surprising aspects of SMLLC’s and their tax consequences.

Topics include:

  • Hidden Partnerships
  • Check the box regulations
  • Conversion of Partnership to SMLLC
  • Conversion of Corporation to SMLLC
  • Election out of Partnership
  • Various Tax Elections including IRC § 704(c)
  • Payroll Taxes

 

Course 3052

2017 Labor and Employment Law Update: The Day of the $29.00 Hamburger is Coming!
(TAX CPE) (CLE)

Glenn J. Franklin, Esq. and Daniel Carrascal, Franklin, Gringer & Cohen, P.C.

We will discuss updates and new developments in labor and employment law, both New York State and federal. Specific topics will include: the difference between independent contractors and employees; the Freelance Isn’t Free Act; changes with regard to interns; New York State unemployment insurance law, including misclassification of employees; workers’ compensation; the New York Paid Family Leave Act; new required benefits; wage and hour updates, such as the tip credits, salary thresholds and minimum wage increases; the National Labor Relations Board and non-union employers; and social media and the law.


Course 3053

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

Stuart Schoenfeld, Esq. ; Douglas Sinetar, CPA ; Bruce Birnbaum, JD, LLM, CLTC ; Monica P. Ruela, JD

Funding the cost of long term care should be considered long before the care is needed. Using case studies, this discussion will explore different planning strategies, examining the issues from both tax and non-tax perspectives. In addition to Stuart Schoenfeld providing the legal analysis, our knowledgeable panel will include Bruce Birnbaum and Douglas Sinetar of Lighthouse Financial. An update of current elder law will be provided, detailing recent and expected changes to Medicaid laws and the application process.


Course 3054

Accounting & Auditing Issues for 2017
(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 3055

Digital Resources for Accountants - Websites, Apps, Tools, & Videos
(SK CPE)

David Bergstein, CPA, CITP, CGMA

This session is designed to enable the participants to walk away with a greater knowledge of the resources available to them on the web. Tools, Apps, Videos, Websites & Resources that can enable accountants to become more efficient, and knowledgeable will be demonstrated and shown during this session.


Course 3056

Coming Soon...

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All sessions are for 2 CE credits unless otherwise indicated.