Inspired by the book Extreme Ownership by former Navy Seals Jacko Willink and Leif Babin. Great leaders do not blame the team members for mistakes and failures, they own it. This helps build teams that trust their leaders. This interactive session will help you learn how to implement this with your team. This book is dedicated to three warriors who paid the ultimate sacrifice: Marc Lee, Mike Monsoor, and Ryan Job. Marc Lee was one of my friends so this book has a special place in my heart as it pays respect to them and their families.

Federal loans, private loans, subsidized loans, unsubsidized loans, income-based repayment, income contingent repayment, consolidation, deferment, forbearance, forgiveness. Confused yet? These are the terms you need to know as you help your clients navigate the education planning process both before their children go off to college and after graduation. With total student loan debt exceeding the $1.6 trillion mark, interest rates remaining at all-time low levels, and widespread economic relief ending for millions of federal education loan borrowers, advisors need to help their clients develop an optimal tax-efficient repayment strategy for a unique type of consumer debt where traditional debt management strategies simply won't cut it.

46 million Americans now own bitcoin. Yet, only a few tax professionals understand how to help individuals and businesses dealing with cryptocurrency. This session walks you through tax implications of common cryptocurrency-related transactions and how to successfully service clients affiliated with cryptocurrency. We will also cover current developments surrounding this topic, such as the inclusion of the virtual currency question on the front of Form 1040 and tax planning opportunities.

Business intelligence provides the ability to make better informed and intelligent decisions within CPA firms and client environments. While many accounting software services have built in visuals and graphics, users often want and need more than most services and packages provide. This session illustrates how Power BI can bridge the gap between commonly used accounting software and key decision maker needs within firms and client organizations.

This session will review various planning opportunities available for trusts including (1) including gains in DNI, (2) qualifying for the income tax charitable deduction, (3) how the final Section 67(e) regulations affect planning, (4) funding fractional versus pecuniary bequests, (5) distributions in-kind, (6) termination of trusts, (7) state income taxation of trusts, (8) the most frequently used power to create grantor trust status, (9) trusts as S corporation shareholders and (10) the Section 645 election.

AICPA advocates for good tax policy, including on trust, estate, and gift tax issues. This session will cover the many developments and projects the TRP is advocating for in the estate and trust area. Contacts with Treasury, IRS, and Congress are emphasized.

Two Corporate Controllers review a COSO based internal control framework, including both preventative and detective controls

A panel of financial planning experts will share their best ideas for optimizing income and wealth in 2022 and beyond.

This will include security, applications, equipment, challenges with contract employees vs. full time team members, etc. The focused will be on the challenges in this space felt by all sized firms from sole practitioners to large regional firms. Attendees will walk away with not only the perfect technology stack for dealing with a remote workforce, but also the "must have" security practices to have in place.

For small firm owners and sole practitioners, this roundtable is the perfect opportunity to connect with peers to share insights about fundamental issues concerning all small firms. Develop your own network of practitioners, who are ready to offer ideas to manage top challenges for small firms. Upon completing this session, you will have a better understanding of practice management issues firms are facing and will have suggestions on how to tackle some of those issues.

In addition to reviewing the general framework in individual tax planning for our families and the implications of 2017’s Tax Cuts and Jobs Act in planning, 2021's American Rescue Plan Act, and current legislation, our session will focus on some financing nuances associated with the medical expense deduction (i.e., retirement planning distributions and home equity loans), the tax benefit rule, and the interaction of the medical expense and home equity deductions in planning. In addition, the Alternative Minimum Tax will be reviewed. If time permits, an income tax case study will illustrate the impact of these various provisions.

The evolution of the internet has made it more competitive to grab the attention of your target audience while also bringing forth new challenges in security and data protection. For CPA firms to thrive in this new environment, they must adapt to this new digital landscape. This often begins with strengthening their online presence to better communicate the qualities that make their CPA firm secure, technology-forward, and a trusted advisor. During this session, you’ll learn strategies to build a modern firm brand that brings in the clients you want, including: - Branding your firm for today’s digital environment - Innovative ways to re-think your website, digital presence, and communications - The evolution of the internet and how top-level domains provide a new opportunity to showcase firm security and value - How domain strategies can integrate with website strategies like landing pages and SEO - Ways that accounting firms can offset internet security threats

In today’s accounting world, client relationships are more important than ever! Join us as we share ways to better engage with your clients and bring more value to your interactions. We’ll look at how to gather feedback, ask the right questions, and some easy steps to take that will deepen your relationships with clients.

Learn how to easily access all your client HR and Payroll data, 24/7, including pre-populated forms to help clients apply for PPP loans and forgiveness. Our online and mobile solutions, combined with convenient support options, help deliver the answers and insights you need on a timely basis for real-time reporting and decision-making.

The server in your closet holds all of your customer and company data, making sure its protected from cyber-attacks is critical in todays' digital world. Come to this session to learn if your company is at risk, what might be the impact of a breech, and learn some strategies for increasing your cyber security with Dell PowerEdge Servers running Microsoft Windows Server 2022.

As trusted business advisors, CPAs are positioned to provide valuable insights into the financial health of their clients’ businesses. By leveraging data and advanced fintech designed specifically for CPAs and their small business clients, firms across the nation are discovering how to deliver clients advisory value beyond traditional service offerings. Join us to learn how scalable solutions can enable firms of all sizes to manage their clients’ business financing needs through a streamlined process. During this session you’ll learn: • Macro-trends that position CPA firms as trusted financing advisors to small business clients • How to leverage data and advanced fintech to provide business financing advisory services more confidently • How to save clients time in securing financing through a streamlined business loan application process

People are a firms most valuable asset, yet employee retention and engagement are getting increasingly challenging. It’s more important than ever to retain top talent by investing in your team, yet most firms are struggling more than ever to do just that. During this session, we’ll explore: What is missing when it comes to employee engagement, what employees really want (that they may never tell you), as well as discuss specific examples to help your employees feel more connected to the work they do.

This session will cover the importance of planning for the modest estate owner, making the portability election vs. use of a credit shelter trust, state death tax considerations, filing the decedent's final return including the use of losses, disclaimers, administrative and fiduciary elections available to the executor including Sections 645 and 663(b), gift tax elections, along with elections available if the decedent was an owner in a partnership or S corporation, and much more!

Listen to women in the profession talk about how they were able to overcome barriers and achieve their accomplishments while not falling prey to the “superwoman” mentality.

A revolution in BI tools has unlocked a new way to work: Fast. Efficient. Direct. But to unlock the full potential, you must move beyond yesterday’s methods. In this session, you will see the application of Power BI and modern Excel using real-world scenarios. Come learn how these modern tools allow you to unlock your superpowers and create more dynamic and impactful insights.

The presentation is about recent developments regarding federal estate and gift taxes. We will review general procedural and substantive updates regarding estate and gift taxation, including changes in the law that impact the filing of estate and gift tax returns.

This session will discuss recent audit and accounting standards which impact employee benefit plan audits, as well as recent and proposed legislation affecting such audits. This session will primarily focus on SAS 136.

Advisors and clients often focus on the 4% rule when discussing retirement income. Most of the times, however, using the 4% rule leaves you with more money at the end than when retirement started. Given the current market (low bond yields and high equity valuations), many are suggesting the 4% rule is no longer safe. On the other hand, research shows that retiree spending goes down as they age, and that most retirees will never draw down their retirement portfolio. In this session, we will look at strategies that will help your clients spend more money initially (during the go-go years of retirement) while ensuring they don’t run out of money in the process.

Given the world’s current state with unforeseen catastrophic events, insurance carriers have been greatly impacted with Billions of dollars being paid out. Rates are on the rise and now it is more important than ever to have a complete review of your personal insurance policies to ensure there are no gaps in coverage. This discussion will highlight commonly overlooked coverages, critical items, and exposures that homeowners need to be aware of. Knowing what you need to be mindful of will help you identify your risks so that there are no surprises in a difficult situation. We will cover lessons learned from recent catastrophic events, including hurricanes, sexual harassment suits, and how to protect yourself against exposures during these challenging times.

Deciding to build a digital-first advisory practice requires not only an understanding of technology but also a mindset shift. This session will cover how to think about tech, what resources are available to you, and how to get started. We will also cover the types of services that fall in this area of advisory, and basic pricing strategy all while incorporating two experienced perspectives from building these types of practices.

It's impossible to overstate the importance of linking a firm's strategy to the "Big Four" issues of owner compensation, succession planning, profitability and buy-outs. While the fundamental concepts of these issues are common, there is a uniqueness to how you address them based on your firm's overall core values. These core values create your unique performance-based culture which, in turn, informs how you lead in these important areas. This session will provide you with tools and strategies to both understand the connectivity of these issues while empowering you with the information to lead.

Demystifying Distributable Net Income (DNI) – This session will discuss the theory behind distributable net income (DNI), how the Internal Revenue Code defines DNI and the three reasons why DNI is important. The program will review sample calculations of DNI and how DNI gets reported on a Form 1041. The program will discuss how DNI gets allocated among the beneficiaries of a simple trusts and complex trust including a discussion of the tier system, the separate share rule, the 65 day rule, specific bequests and distributions in kind. This program will incorporate drafting techniques to incorporate into estate planning documents to achieve the best income tax results.

The COVID-19 pandemic has demonstrated that businesses today are forced to be creative and adapt to constant change, in order to survive. Now, more than ever, your clients require the guidance of their trusted advisor for effective strategies to emerge resilient from challenging times and reach better business outcomes. This is where a Professional Employer Organization (PEO) may help. Attend this webinar and learn how working with a PEO can help your clients attract and retain employees, gain access to robust benefits offering, keep pace with complex regulations and processes, and ultimately have a long-term and profitable business.

This interactive session will review an ultra high net worth family case study and possible discovery approaches to develop an estate plan. The discussion will include an illustration of the family’s current estate plan, potential multi-generational planning strategies, and qualitative issues to explore. The session will include smaller group break out discussions and a larger group debrief.

The field of philanthropy is evolving faster than ever, with new knowledge and innovation, along with hazards and even harmful practices to avoid. Recent events created urgency in philanthropic responses, shed light on the incredible growth of donor-advised funds, and sparked conversations on being a better donor. The social impact landscape and toolbox require an updated look at the current context for social change, from philanthropy to social entrepreneurship to impact investing, advocacy, business influence, leadership, purchasing power, and more. Advisors are expected to be fluent in philanthropic conversation and tools. How do we help our clients navigate these changing times and take advantage of various planning tools that are readily available to do good? How can we help those seeking new knowledge and support as they shift to devote more time and resources to deepen or refresh their role as philanthropists? This session is designed for advisors like you to integrate philanthropic concepts to further your practice and personal development in this moment of need, change, and action.

Learn about the new quality management standards and how to implement them: Applying the new, proactive, risk-based approach to quality management systems within firms. Scaling the standards to tailor your system to the nature and circumstances of your firm and its engagements.

Private Equity and Opportunity Zone fund managers typically receive a special equity interest in the fund commonly referred to as a "carried" or "profits interest", as incentive compensation for managing the fund. Successful managers that earn a return exceeding the fund's hurdle rate often receive 20% of the fund's profits creating significant value to the fund manager over the life of the fund. This session will explore estate planning opportunities for the Manager's carried interest comparing different approaches and highlighting income tax and gift tax technical issues including application of IRC Section 2701. In addition, we will discuss valuation of the Manager's carried interest for gift tax purposes including significant factors impacting the current value and potential future value of a successful fund.

One of the only constants in business is that your company must continually change and adapt to survive. Change Management is not a new concept. However, in the 21st Century, companies need to evolve beyond the age old cliché of Change Management to Change Leadership. To efficiently implement change and capture all of the benefits associated with the change you want to make, employees must want the “change” as much or more than you do. To unlock the power of change in ways that will unleash the maximum potential from your employees, we will contrast making a “change” with implementing an “improvement”, the importance of setting and communicating clear goals for the “improvement” being made, and how to achieve the most from your intended change through inspired leadership.

Profits Interests have become increasingly common in private entities. Navigating the accounting for these instruments can be complex. This session will discuss common features of profits interests, key challenges with auditing these instruments, and understanding how to account for them.

Most small and middle-market auditors struggle to generate efficient and useful internal control assessments. This session will focus on proven approaches to reduce costs and increase the usefulness of these required procedures. Forthcoming Standards confirm the continuing role of this area of current practice. Practical hints on documentation, integrating IT auditing, developing internal IT audit expertise and the need to sometimes "think outside the forms" will enhance your audits.

There seems to be more news coverage in recent years about Social Security and Medicare solvency as well as numerous suggestions of strategies to get the most out of both programs. Attend this session to hear about current legislation, the basics of the programs and ideas you can use to help your clients make informed decisions.

This session will provide the attendees with an overview of the entire SOC space. From SOC1 to SOC2 to SOC3 to SOC for CyberSecurity and all of the other flavors and types of SOC reporting that may exist at the time of the conference. Attendees will walk away with an understanding of the differences between the various levels and types of SOC reporting. Attendees will have an understanding of how to monetize this space and will be provided with links to resources that will help from planning to delivering these services.

Growing a firm means you have to be diligent to balance the intake of revenue with the availability of your team's labor (I.e. capacity management). These are intimately related and must be considered together. It's imperative that you know when to hire, when not to hire, when to take on new revenue, and when to turn revenue away (or slow it down). This session will speak to the definitions of capacity management and how you can be proactive in navigating our labor market in these tough times.

This program will cover the Circular 230 and AICPA ethics rules that apply to tax practitioners, and how they can help us navigate difficult situations with clients. We will discuss our ethical duties in when we discover a client's non-compliance, how to handle a client who does not want to cooperate with an audit, and how to correct false information provided by the client to the IRS.