We all thought that tax season 2020 was the most difficult season ever…and then came 2021. Whether you are a sole proprietor or work in a firm, the adversities were real. We will discuss the struggles that all firms endured including post yearend tax law changes, moving due dates, non-conformity issues and working in a semi-virtual office. This session will be discussion based with audience participation and polls to see what were some of the biggest issues of 2021 and what changes firms are looking to make for 2022. 

You know where technology has been, but where is it headed? What technologies are coming that would be useful to you and to your company? You've heard about 5G, WiFi6, and collaboration, but what products work to make this practical? This session has the breadth, depth, and recommendations to help you understand what is in the market and what is working so that you can make informed decisions. Attend this session to learn how using the right hardware and software can improve your business and your everyday life.

The aftermath of COVID-19 has required many CPAs to help clients during their most unusual time. This session will use a panel approach to address what is a distressed business and how CPAs and advisors can advise clients with their options. Panelists will bring their real world examples to illustrate the professional role in assisting business owners through their most challenging time.

LLC CHAPTER HIGHLIGHTS
• CARES Changes Have Special Mention for Partnerships
• Tax Cuts and Jobs Act Makes Few Changes to Partnership Tax Law
• IRS Launches Website for Streamlined Partnership Audit Process
• IRS Adds Reporting Requirements to Form K-1
• IRS Says Small Partnership Abatement of Late Filing Penalties Not Automatic
• Doctor’s Surgery Center K-1 Income Not Subject to SE Tax. Why Not?
• Attorneys’ Law Practice K-1 Income Subject to SE Tax. Why?

S CORPORATION CHAPTER HIGHLIGHTS
• Minimal Changes to S Corporation Tax in CARES and TCJA
• IRS Targets S Corporation Shareholder Basis and Reasonable Compensation
• Court Cases Illustrate IRS Targets

PASS THROUGH ENTITIES - Generally
• Pass-Through Entity Decision Making and the QBI Deduction
• IRS Promises More Audits of Pass-Through Entities
• Covid Relief and its Impact on Pass-Through Entities

Sponsorship programs are vital to employee growth and advancement within the firm. They help the firm provide an opportunity to share knowledge and expertise and groom its next generation of leaders while assisting employees in achieving their career goals. We will look at the benefits of sponsorship programs, responsibilities of sponsors and protégés and share key success factors for launching or revamping a formal sponsorship program. We will also provide practical tips on how to find and become a sponsor for individuals who wish to boost their career progression. 

Do you ever feel like your team is capable of more, but you don't know how to unlock their potential? What if you could create your very own Dream Team...with the people who are already on your team? 

"Innovate or die," you've been told, so you've burned the midnight oil coming up with some great ideas for how your organization can beat your competition to the punch. You present them to your boss, who answers with the dreaded, "No." You know your organization's future depends on its ability to do things differently, but how do you do that when leadership blocks your path? This session offers some creative ideas for getting around roadblocks and doing important work. 

What have we learned from the past 15 months of living through a life changing pandemic? How has it changed the world around us in temporary and permanent ways? What does it mean for your firm and practice? Have you thought about what it looks like going forward? How has it impacted your clients and their perspective of their lives, goals, ambitions and future direction?

This session will give you the perspectives on these questions from three of the thought leaders in the CPA Financial Planning Profession. These leaders have been thinking deeply about these issues from Day One of the pandemic through their own firms, study groups, and various webinars and conference presentations. Now, as we hopefully see some light at the end of the COVID tunnel, how do we capture the lessons learned from this experience to make our firms, our clients lives, and us better?

The calculation of trust accounting income (TAI) determines how much is payable to income beneficiaries and remaindermen. It is determined by the applicable state's version of the Uniform and Principal Act, unless trumped by the trust instrument. This session will begin with an overview of trust accounting income and proceed to discuss some of the most frequently encountered issues in calculating TAI. Among the issues discussed the participant will learn:

Data analytics can support your organization’s top initiatives and provide relevant insights into risks, profitability, and other critical issues. Unfortunately, many organizations lack a clear strategy for how to incorporate it effectively. New technology and modern techniques can significantly reduce the time required to complete tasks, enabling your personnel to focus their efforts on the projects that enhance client value. During this panel discussion, our experts will help firms make sense of when and where to use different types of data analytics tools in the audit. You’ll gain insight on how combining the right technology and approach can:

• Reduce redundancy or inefficiencies to enable focus on more value-added tasks
• Increase consistency through repeatable activities streamlined for process optimization
• Allow management to make more intelligent decisions faster based on accurate data
• Deliver measurable value to your organization’s bottom line