TAX2012. Choice of Entity Considering the QBI Deduction

Jul 24, 2020 1:30pm ‐ Jul 24, 2020 2:20pm

Identification: TAX2012

This session considers if and when Covid-19 legislation and the QBI deduction have changed our thinking on the choice of entity. This year’s Covid-19 legislation aimed to provide tax relief to businesses suffering from Covid’s stay-in-place orders. The legislation did not change Section 199A and its QBI deduction, but economic disruption may add a complication to our choice of entity considerations. 

What factors are important for a new business when choosing its entity structure, and when is it advantageous for the client to make a change? Considering Covid-19: Will there be any qualified business income in 2020? Will it be important to protect the loss flow through to the individual owner’s return? Will there be wages paid to meet QBI's W-2 limits? Will the business be able to buy equipment to help with its QBIA calculation?


TAX2013. Education Planning for the Next Decade: Practical Strategies for Success

Jul 24, 2020 1:30pm ‐ Jul 24, 2020 2:20pm

Identification: TAX2013

Due to the rising costs of higher education, clients are relying more than ever on advisors to help them navigate the financial complexities associated with the college funding and financial aid planning processes. In this presentation, Ross A. Riskin, CPA/PFS, CCFC, will share creative education planning strategies you can use with business owners, high income/high net worth individuals, middle-income individuals, divorced/divorcing couples, blended/non-traditional families, and grandparents. In addition, Ross will also cover relevant changes from recently passed or proposed legislation so you can stay ahead of the curve from a planning perspective.

EDG2012. Balancing Leadership & Likeability

Jul 24, 2020 2:50pm ‐ Jul 24, 2020 3:40pm

Identification: EDG2012

Do you worry that if you show up powerfully with your team, you will face backlash or be disliked? Do you have to sacrifice relationships in order to get results? Many new managers struggle with finding the balance between building relationships with their teams and providing the leadership rigor needed to generate results. Explore two different styles of leadership, what is driving our behavior to be liked by our team, and learn ways to practice powerful leadership while building and maintaining relationships.

PST2030. Creating an Innovative Growth Culture

Jul 24, 2020 2:50pm ‐ Jul 24, 2020 3:40pm

Identification: PST2030

Sustainable growth requires the right leaders in the right positions, and conditions that will guarantee their success. Transforming your partners from individual contributors to a highly collaborative group of growth leaders will enable them to successfully navigate today's complex technology-centric markets. Gale helps you explore and develop the capacity of your partner group to embrace the new technologies to achieve optimal firmwide growth.

PST2032. Family Office: Automating Support Functions for High Net Worth Clients

Jul 24, 2020 2:50pm ‐ Jul 24, 2020 3:40pm

Identification: PST2032

The evolving needs and complexity of family offices is driving the need for expanded accounting support. With challenges such as disparate entities, manual processes and little control over workflow – family offices stand to benefit from technology that can bring automation, streamlined processes and increased visibility to analyze information and make better informed decisions.

TAX2014. Protecting High Profile Clients in the Digital Age (Identity Theft/Scams)

Jul 24, 2020 2:50pm ‐ Jul 24, 2020 3:40pm

Identification: TAX2014

The session will discuss cybersecurity for financial professionals and their clients as well as discuss the threat of scams and identity theft to financial professionals and their clients. We will also discuss how to protect yourself and your clients from these dangers.

Particularly in the wake of the Coronavirus pandemic, scammers and identity thieves are attacking people working from home jeopardizing not only the workers, but their companies. The session will show you what the threats are and how to protect yourself and your company.