SYM17: 78th Annual Symposium

Description

Join us for the 78th annual NCACPA Symposium! Participants will receive the most current and in-depth coverage of tax, accounting, business, and legal compliance trends critical to the profession, as well as an understanding of the challenges and opportunities on the horizon. Additionally, participants will leave Symposium with comprehensive knowledge of best practices in day-to-day operations and technology trends, as well as practical strategies to implement to enhance client service.
 
Note: Day 1 of this conference will also be available as a Live Streaming Webcast. Click here for registration information.
 

Objective

Participants will be able to describe current tax, accounting, business, and/or legal compliance trends and the challenges and opportunities on the horizon, assess whether their organizations are utilizing best practices in day-to-day operations and technology trends, and enhance client/customer service by implementing strategies and practical tips.

Highlights

* Focus on the Profession * Federal Tax Update * NC Tax Update * Healthcare Reform * Mentoring * Technology Update

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Andy Biebl, CPA ( CliftonLarsonAllen LLP, New Ulm, MN ), Mr. Joshua Dale Bryant, CPA ( Smith Anderson, Raleigh, NC ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mr. Ed Burton ( Think Tech Advisors, Raleigh, NC ), Mr. William Hunter Cook, CPA ( Charlotte, NC ), Mr. Branan W. Cooper ( Venminder, Landenberg, PA ), Mr. William Reid Culp, Jr., CPA ( Culp Elliott & Carpenter, PLLC, Charlotte, NC ), Dr. Harry M. Davis ( Appalachian State University, Boone, NC ), Mr. W. Curtis Elliott, Jr. ( Culp Elliott & Carpenter, PLLC, Charlotte, NC ), Mr. Martin Eveleigh ( Atlas Insurance Management, Charlotte, NC ), Honorable Dale Robbins Folwell, CPA ( NC Department of State Treasurer, Raleigh, NC ), Mr. Michael P. Glynn, CPA, CGMA ( AICPA, New York, NY ), Mr. Rollin J. Groseclose, CPA, CGMA ( Johnson Price Sprinkle, PA, Asheville, NC ), Hugh A. Harris, JD ( NC Department of Justice, Raleigh, NC ), Mr. Robert W Hickson, Jr. ( BluePointe, LLC, Raleigh, NC ), Jerry Irvine ( Prescient Solutions, Homer Glen, IL ), Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Ms. Kimberly J. Korando, JD ( Smith Anderson, Raleigh, NC ), Ms. Laura Gail Lunsford, PhD ( UNC Wilmington, Wilmington, NC ), Ms. Sindy Martin, CEE, CBP, DTM ( Smartin International, Inc., High Point, NC ), Mr. Bradley James Newkirk, CPA ( Dixon Hughes Goodman LLP, High Point, NC ), Mr. Brian Onorio ( Walk West, Raleigh, NC ), Mr. Art Padilla, PhD ( Wilmington, NC ), Steven Patterson, CFE ( West Virginia Intelligence Fusion Center, Charleston, WV ), Mr. Paul Preziotti, CPA ( Johnson Lambert LLP, Vienna, VA ), Mr. Scott Reeser, CPA ( Governmental Accounting Standards Board, Norwalk, CT ), Mr. Craig J. Ridenour, CPA ( RSM US LLP, Charlotte, NC ), Stacie Saunders ( AICPA, Boone, NC ), Ms. Candida Sawa, PHR, SHRM-CP ( TriNet SOI, Fort Mill, SC ), Mr. Jack Anthony Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Mr. David Scott Showalter, CPA ( NC State University, Raleigh, NC ), Ms. E.L. Betsy Smith ( E.L. Smith Consulting, Cary, NC ), Mr. David A. Swintosky ( Dunning Capital, LLC, Raleigh, NC ), Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ), Guido van der Hoeven ( North Carolina State University, Raleigh, NC ), Mr. Arthur McKinnon Winstead, Jr., CPA ( DMJ & Co., PLLC, Greensboro, NC ), Mr. Kevin Witriol, CPA ( Bernard Robinson & Company, LLP, Greensboro, NC ), Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ), Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ), Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ), Joshua Wu ( Caplin & Drysdale Attorneys, Washington, DC ),

Additional Event Information

Accommodations
Grandover Resort & Conference Center
336-294-1800

Please use the following link to book in NCACPA's room block:
Click here to book your room.

Discounted Reservation Cut-off Date Extended to: October 25, 2017
Room Rate: $149 Single/Double

Onsite Information
Registration/Continental Breakfast: 7:15–8:00 am. Sessions begin at 8:00 am.

Download Your Materials Before You Arrive Onsite!
Conference materials will be distributed electronically to registrants 3 days in advance of the program. You may download your materials to a laptop, tablet, or e-reader, or print them. It’s up to you how you choose to view the materials. Printed materials will not be available on site. Downloading in advance is recommended.


Sessions

Monday, November 13, 2017 (8:05 am–8:55 am ET)

General #1: Focus on the Profession
Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Honorable Dale Robbins Folwell, CPA ( NC Department of State Treasurer, Raleigh, NC ), Mr. Rollin J. Groseclose, CPA, CGMA ( Johnson Price Sprinkle, PA, Asheville, NC ),

This interactive and informative session will cover a multitude of major issues affecting our profession, our businesses, our state, our nation, and our world. Topics will include the US Congress and NC General Assembly. What are our standard setters and regulators up to? What is happening on the international scene that will affect you? What are the latest actions by the NC State Board of CPA Examiners? What changes are in store for you from NCACPA and AICPA? Come prepared to ask questions and be asked your opinion!

Field of Study: Accounting

Monday, November 13, 2017 (9:05 am–10:20 am ET)

General #2: Federal Business Tax Update
Andy Biebl, CPA ( CliftonLarsonAllen LLP, New Ulm, MN ),

Get the latest on the status of Federal tax reform as it affects businesses. In addition to a legislative update, this session will cover the latest business developments from the IRS and the courts. Learn how a CRAT may minimize the S corporation built-in gains tax, and the latest from the courts on S corporation shareholder basis issues. When can a business leverage the Boston Bruins meals and lodging case? Have your small businesses considered the new qualified Health Reimbursement opportunity? This session will get you up to speed on the latest federal tax developments for business clients.  

Field of Study: Taxes

Monday, November 13, 2017 (10:35 am–11:50 am ET)

General #3: Federal Individual Tax Update
Andy Biebl, CPA ( CliftonLarsonAllen LLP, New Ulm, MN ),

This session will cover the latest on pending federal tax reform legislation, including strategies to consider for year-end planning if tax rate cuts are imminent. In addition to an update on legislation, get the latest on cases, rulings, and other IRS developments affecting individuals. Learn when charitable conservation easements are legitimate and when they are toxic. Get the latest on court interpretations of passive grouping strategies, and whether the Summa case has solidified back-door Roths.  

Field of Study: Taxes

Monday, November 13, 2017 (12:50 pm–1:40 pm ET)

General #4: NC State Tax Update
Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ),

This session reviews recent North Carolina tax developments, including significant court decisions, rulings, statutory and regulatory developments pertaining to individual income taxes, corporate income and franchise taxes, sales and use taxes, and tax administration.

Field of Study: Taxes

Monday, November 13, 2017 (1:55 pm–2:45 pm ET)

1A: SSARS Update
Mr. Michael P. Glynn, CPA, CGMA ( AICPA, New York, NY ),

Attendees will participate in an interactive discussion with the AICPA staff liaison to the Accounting and Review Services Committee—the committee that issues the SSARSs literature. Included will be a discussion of * The performance of financial statement preparation, compilation, and review engagements in accordance with SSARS 21 * Recently issued SSARS Nos. 22 and 23 * The ARSC’s current active agenda

Field of Study: Auditing

Monday, November 13, 2017 (1:55 pm–2:45 pm ET)

1B: Agricultural Tax Update
Guido van der Hoeven ( North Carolina State University, Raleigh, NC ),

This presentation will cover recent developments in agricultural taxation and other topics of interest to rural landowners and professionals assisting rural citizens.

Field of Study: Taxes

Monday, November 13, 2017 (1:55 pm–2:45 pm ET)

1C: Social Media—Owned, Earned, & Paid Strategies to Boost Engagement
Stacie Saunders ( AICPA, Boone, NC ),

Learn owned, earned, and paid social media communications and marketing strategies to boost engagement and enhance your personal brand.

Field of Study: Business Management & Organization

Monday, November 13, 2017 (1:55 pm–2:45 pm ET)

1D: Employee Handbooks & Policies—Recent Developments, Common Mistakes, & Best Practices
Ms. Kimberly J. Korando, JD ( Smith Anderson, Raleigh, NC ),

Has your organization updated its policies to reflect the increasing regulatory scrutiny of confidentiality, whistleblower, and drug testing policies? Does your EEO and harassment policies have express LGBTQ provisions? Does your timekeeping policy have provisions that adequately protect against off-the-clock claims for checking email and responding to calls and texts? If employees use their personal devices for company business, do you have a BYOD policy that protects the company and gives them notice of their rights and obligations? These and other timely policy issues will be covered, and illustrated with recommended sample policy language.

Field of Study: Personnel/Human Resources

Monday, November 13, 2017 (1:55 pm–2:45 pm ET)

1E: Anatomy of Fraud Investigation
Steven Patterson, CFE ( West Virginia Intelligence Fusion Center, Charleston, WV ),

The presentation will be a case study breakdown of a fraud investigation from allegation to prosecution.  We will look at how each phase was handled, and the red flags that were present.

Field of Study: Auditing

Monday, November 13, 2017 (3:00 pm–3:50 pm ET)

2A: SSARS Update (Repeat of 1A)
Mr. Michael P. Glynn, CPA, CGMA ( AICPA, New York, NY ),

Attendees will participate in an interactive discussion with the AICPA staff liaison to the Accounting and Review Services Committee—the committee that issues the SSARSs literature. Included will be a discussion of * The performance of financial statement preparation, compilation, and review engagements in accordance with SSARS 21 * Recently issued SSARS Nos. 22 and 23 * The ARSC’s current active agenda

Field of Study: Auditing

Monday, November 13, 2017 (3:00 pm–3:50 pm ET)

2B: NC Sales & Use Tax
Mr. Jack Anthony Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

This session will be a discussion of the changes in North Carolina sales and use taxes focusing on what use tax is, which local jurisdiction gets that tax, and what is taxable. It will also cover tangible personal property, software, lodging, exemptions, and services.

Field of Study: Economics

Monday, November 13, 2017 (3:00 pm–3:50 pm ET)

2C: Microsoft® 365—Be Creative & Work Together
Mr. Ed Burton ( Think Tech Advisors, Raleigh, NC ),

Engage, empower, optimize, and transform your workforce with the power of Microsoft 365. Learn about Microsoft’s vision for what many are calling the fourth industrial revolution. This session will include group discussion of Office 365, Windows 10, Enterprise Mobility and Security (EMS), Azure, and Dynamics 365.
 
Today, you are likely facing demands from a market that wants your offerings moved to the cloud. Global competitors are selling commoditized services at aggressive price points. Margins are squeezing you to reduce costs and maximize efficiencies. How can you differentiate and recapture services revenues in current customer accounts while acquiring new ones?
 

Digital transformation is essential to sustaining a competitive advantage in financial services. Learn how new products from Microsoft can deliver innovative customer and employee experiences with speed and agility.

Field of Study: Information Technology

Monday, November 13, 2017 (3:00 pm–3:50 pm ET)

2D: Being Social—The Changing Face of Employer Social Media Policies
Ms. Kimberly J. Korando, JD ( Smith Anderson, Raleigh, NC ),

It used to be that employers banned employees from any mention of their workplace in their social media posts. Those days are over. Government agencies protect employee rights to speak out about employers. Employees silently ignore or vocally protest employers whose policies have not evolved. Yet, some policy guidance is still needed to protect against improper endorsements, loss of proprietary information, infringement of intellectual property, and damage to company brand. In this session, we will explore the current state of social media policy regulation and best practices.

Field of Study: Personnel/Human Resources

Monday, November 13, 2017 (3:00 pm–3:50 pm ET)

2E: Power Plays for Leaders
Ms. E.L. Betsy Smith ( E.L. Smith Consulting, Cary, NC ),

Coming soon!

Field of Study: Personal Development

Monday, November 13, 2017 (4:05 pm–4:55 pm ET)

3A: A Firm's System of Quality Control
Mr. Arthur McKinnon Winstead, Jr., CPA ( DMJ & Co., PLLC, Greensboro, NC ),

This session will provide information to the participants as to “suggested” best practices for an audit and accounting firm’s system of quality control. Best practices will include the AICPA’s “suggested” best practices that will make your peer reviewer happy.

Field of Study: Auditing

Monday, November 13, 2017 (4:05 pm–4:55 pm ET)

3B: Multi-State Sales & Use Taxes & Nexus
Mr. Jack Anthony Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

This session will discuss how multi-state use tax applies and include a discussion of when businesses are required to comply with other states taxes (aka nexus). The intent of this session is to provide attendees with the ability to recognize potential issues or opportunities relative to multi-state sales taxes.

Field of Study: Taxes

Monday, November 13, 2017 (4:05 pm–4:55 pm ET)

3C: Websites Dos & Don'ts—From DIY to Hiring Professionals
Mr. Brian Onorio ( Walk West, Raleigh, NC ),

This session will cover the basics on both the DIY method of website design and development as well as critical pieces of information on how to find, solicit, and verify the integrity of a website design and development proposal. There are many pitfalls along the way, many of which NCACPA members may have already faced. Brian Onorio will shed light on how to get it done right, from an insider’s perspective.

Field of Study: Information Technology

Monday, November 13, 2017 (4:05 pm–4:55 pm ET)

3D: Outsourcing Services
Mr. Branan W. Cooper ( Venminder, Landenberg, PA ),

We will take a deep dive on each one and leave some time at the end for questions. These are just a few of many topics that we cover in materials on our blog and weekly information series. The regulatory focus is pretty significant right now—it seems that not a week goes by in which you are not seeing headlines around issues that tie to third party risk—whether directly or as a result of an issue related to a third party data breach or other event. If you’ve been following the headlines, you know that some of the enforcement actions have come with multi-million dollar price tags…and beyond just the enforcement action’s cost, it certainly causes collateral damage to the institution’s reputation and can even cause customer concerns. * Key Components of a Good Vendor Management Program * Managing Risk * What the Regulators Expect * Best Practices and Mistakes to Avoid

Field of Study: Specialized Knowledge

Monday, November 13, 2017 (4:05 pm–4:55 pm ET)

3E: Enhancing Your Corporate Professionalism
Ms. Sindy Martin, CEE, CBP, DTM ( Smartin International, Inc., High Point, NC ),

Business executives must maintain proper protocol when dealing with customers, potential customers, vendors, and business associates. Professionalism is critical both to the effective functioning of any business and to the success of any individual. Like most social principles, professionalism is defined in the doing. Professionals are punctual, meet agreed-upon deadlines, dress appropriately for the work environment, acknowledge and learn from mistakes, are courteous and well mannered, exercise control over their emotions and the language they use, act as team players, treat everyone with respect, and consistently perform at “the top” of their game.
 
This interactive session will provide participants understanding and information on professional conduct in the workplace. During the session, each of the participants will be given a comprehensive assessment before and after the program. A handout will be provided to enhance the learning process.
 

Five key points: By the end of the session, participants will * Be able to identify their personal “trigger” words and how to control the emotional response they invoke * Learn four tips to handle and defuse conflicts skillfully * Identify the four key elements of good listening * Become aware of the non-verbal communication aspects that can stop a conversation before it starts * Understand the three hidden rules of dealing with difficult people

Field of Study: Personal Development

Monday, November 13, 2017 (5:00 pm–6:00 pm ET)

Optional #1: Monday Networking Reception (Registrant Only)

Monday, November 13, 2017 (5:00 pm–6:00 pm ET)

Optional #2: Monday Networking Reception (Registrant + 1 Guest)

Monday, November 13, 2017 (6:00 pm–6:30 pm ET)

Optional #5: Young CPA Meet-Up

The Young CPA Cabinet will be hosting a meet-up exclusively for CPAs under 40 at Symposium on Monday, November 13. This event will be hosted immediately following Monday night’s cocktail reception from 6:00–6:30 pm at Café Espresso in the Grandover Resort & Conference Center. This is a great opportunity to meet and network with other young CPAs from across North Carolina at NCACPA’s largest event of the year! Food and beverage will be available for purchase within the café at your own cost. For questions about this event, please contact NCACPA’s Young CPA Cabinet Staff Liaisons Holly Bazemore and Hannah McCain.
 
Date: Monday, November 13

Location: Café Espresso
Time: 6:00–6:30 pm (immediately following the Monday night cocktail reception)

Tuesday, November 14, 2017 (8:00 am–9:15 am ET)

General #5: Healthcare Reform & Business
Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ),

Coming soon!

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (9:30 am–10:25 am ET)

General #6: Mentoring—Conversational Karate to Kickstart Exceptional Relationships
Ms. Laura Gail Lunsford, PhD ( UNC Wilmington, Wilmington, NC ),

This session will highlight the power of positive mentoring relationships and how to engage effectively to motivate others. Participants will learn about what great mentors do, what makes a mentoring relationship truly effective, and how to recognize and reduce dysfunction. Examples will be shared for how to redirect conversations when they are off to a poor start; how mentoring can help you “realize” your dream, and how to reframe mentoring challenges as opportunities. The audience will walk away with new ideas to try and to share with others.

Field of Study: Personal Development

Tuesday, November 14, 2017 (10:45 am–12:00 pm ET)

4A: Accounting & Auditing Update
Mr. Bradley James Newkirk, CPA ( Dixon Hughes Goodman LLP, High Point, NC ),

The accounting and auditing update will include discussions of the recent activities of US GAAP and GAAS standard setters, including * The new revenue recognition standard * The upcoming lease accounting standard * Implementation of going concern considerations by management * Financial instruments accounting and disclosures * New PCAOB audit standard * Brief overview of not-for-profit accounting
 

We will also discuss the AICPA’s initiative on improving audit quality and the far-reaching impact of this project that will affect industry and public accountants. Additionally, we will review the critical risk areas in performing audits and innovative technologies that are emerging and will impact auditing and financial accounting effectiveness in the days ahead.

Field of Study: Accounting

Tuesday, November 14, 2017 (10:45 am–12:00 pm ET)

4B: Social Security—With You Through Life’s Journey

This presentation is intended to give you a broad 2017 overview of Social Security’s programs and services, in order to help you better serve your employees, members, clients, or customers. In 1935, Social Security was created to promote economic security for the nation’s people. Since then, we’ve integrated programs and services to support millions of people. Chances are, you either receive Social Security benefits or know someone who does. We provide financial protection for nearly 64 million individuals and families, including veterans, the chronically ill, widows and widowers, the children of deceased parents, retirees, and people with disabilities. According to the Economic Policy Institute, Social Security is the most effective anti-poverty program in the United States. We take considerable pride in administering benefits and providing financial protection for millions. We work tirelessly to deliver on our promise to maintain the basic well-being and protection of those we serve. The Social Security Trust Fund is solvent through 2034, with sufficient funds to pay full benefits until then. Even if legislative changes are not made before 2034, we’ll still be able to pay 77 percent of each benefit due. Social Security has always changed to meet the needs of the people we serve and will continue to advocate for adequate funding to help support you and your family. Whether you are about to retire, become a full time grandparent, or start a new chapter, Social Security can help you secure today and tomorrow.

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (10:45 am–12:00 pm ET)

4C: Excel's Top 15 All Time Hints & Tips
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

Take your Excel productivity and efficiency to a new level by learning about 15 of Excel’s greatest features and functions. In this session, you will learn how to turbo charge your Excel workbooks with features such as Fuzzy Lookups and Inquire, along with tips for solving rounding issues and reducing spreadsheet errors. After you implement the tips you learn in this session, your Excel productivity will be at levels you may have never thought possible.

 
Upon completion of this course, participants should be able to * Describe how to use global rounding to eliminate rounding errors in Excel and eliminate positive and negative zeroes in worksheet reports * Explain the impact of the accounting format on underlines and cell alignment * List ways to select, copy, and paste data in a range without copying data in hidden rows or columns * Identify multiple ways of summarizing data without using the SUM function * Build sum-through formulas more effectively using the SUM function rather than using an arithmetic formula * Work more efficiently in Excel while reducing the potential for errors

Field of Study: Computer Software & Applications

Tuesday, November 14, 2017 (10:45 am–12:00 pm ET)

4D: Professional Employer Organization
Ms. Candida Sawa, PHR, SHRM-CP ( TriNet SOI, Fort Mill, SC ),

In this session, we will discuss a Professional Employer Organization (PEO); introducing you to the Shared Employer Relationship. We will also talk about how having a Trusted Partner to handle HR Compliance, Benefit Plans, Payroll Services, Tax Administration, Risk Management, State Disability, and LOA, as well as COBRA, is handled while you focus on the strategic goals of your business.

Field of Study: Personnel/Human Resources

Tuesday, November 14, 2017 (10:45 am–12:00 pm ET)

4E: Corporate Readiness—Preparation for Success in Business Transactions
Mr. David A. Swintosky ( Dunning Capital, LLC, Raleigh, NC ),

Corporate readiness means being prepared for success in business transactions. Being prepared to survive due diligence by external stakeholders to raise money, sell some or all of a business or business unit, or complete an acquisition and can mean the difference between transaction success and failure.  Corporate readiness doesn’t happen overnight. It is built into the culture of an organization, often well before a desired transaction is considered, and is generally refined and developed over years. In this session you will * Learn how company performance and enterprise value can be increased through corporate readiness * Learn about the transaction process for mergers and acquisitions and raising capital from an investment banker’s perspective * Learn how to participate in a transaction process successfully as an insider or service provider to ensure transaction success. Whether you are working in a CPA firm or are part of the internal team, preparing a company to fly through due diligence by addressing potential obstacles and deal-killers that negatively impact company performance/value/capital pricing will make you a better professional.    

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (1:00 pm–2:40 pm ET)

5A: Accounting & Auditing Update (Repeat of 4A)
Mr. Bradley James Newkirk, CPA ( Dixon Hughes Goodman LLP, High Point, NC ),

The accounting and auditing update will include discussions of the recent activities of US GAAP and GAAS standard setters, including * The new revenue recognition standard * The upcoming lease accounting standard * Implementation of going concern considerations by management * Financial instruments accounting and disclosures * New PCAOB audit standard * Brief overview of not-for-profit accounting
 

We will also discuss the AICPA’s initiative on improving audit quality and the far-reaching impact of this project that will affect industry and public accountants. Additionally, we will review the critical risk areas in performing audits and innovative technologies that are emerging and will impact auditing and financial accounting effectiveness in the days ahead.

Field of Study: Accounting

Tuesday, November 14, 2017 (1:00 pm–2:40 pm ET)

5B: The Future of Partnerships & LLCs—Recent Changes in Pass-Through Taxation
Joshua Wu ( Caplin & Drysdale Attorneys, Washington, DC ),

This presentation will cover recent changes to pass-through taxation and proposed fundamental changes to partnership taxation by Congress and the Treasury. The presentation will provide attendees with * Updates on the IRS’ Priority Guidance Plan for pass-throughs  * An understanding of tax reform proposals related to partnerships and LLCs * A greater understanding of the new proposed partnership audit regulations * Ideas for modifying partnership and LLC agreements pursuant to the new partnership audit rules  * A working knowledge of the management fee waiver guidance * Updates on the disguised sale (IRC 707) and allocation of liabilities (IRC 752) regulations * Information regarding recent tax cases that impact partnerships and LLCs

Field of Study: Taxes

Tuesday, November 14, 2017 (1:00 pm–2:40 pm ET)

5C: Budgeting, Forecasting, & Business Analytics
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

Are your budgeting and forecasting processes working as well for you as they should? Probably not, as many organizations report that budgeting and forecasting activities consume tremendous amounts of time and yield only marginal benefits. In addition to learning about how to utilize Excel more effectively for budgeting and forecasting activities, you will also learn about the budgeting and forecasting capabilities in entry-level accounting software packages like QuickBooks and Sage 50. We will also discuss new capabilities in Microsoft Excel such as Power Query, Power Map, Power Pivot, and Power View, and show how reducing your dependency on manual data transformations using these new tools can lead to better results. If you are involved in budgeting and forecasting activities, you will not want to miss this opportunity to learn how to reduce the amount of time you spend on these tasks, while simultaneously increasing their value.
 

Upon completion of this course, participants should be able to * Utilize processes for obtaining budget data and collaborating with others when using Excel including Shared and Merged Workbooks, Excel’s Audit Trail, controlling and validating data input,  and collaborating with others * Apply various Excel techniques for interacting with the accounting system, such as Open Database Connectivity, importing text files, and linking Internet-based data into budgeting and forecasting models * Learn more about Microsoft’s new Excel tools for business intelligence and business analytics—Power Pivot, Power Query, Power Map, and Power View * Compare and contrast Excel with other applications used for budgeting and forecasting activities, and describe situations in which other solutions should be used to reduce the dependency on Excel as a budgeting and forecasting solution

Field of Study: Information Technology

Tuesday, November 14, 2017 (1:00 pm–2:40 pm ET)

5D: Captive Insurance Companies—A Guide for the Trusted Advisor
Mr. Martin Eveleigh ( Atlas Insurance Management, Charlotte, NC ),

This session will explain what a captive insurance company is and how captives can be used to help businesses of almost all sizes manage and finance risk. The principal objective is to provide the CPA, as a trusted advisor, with knowledge to enable him/her to introduce the captive concept to clients where appropriate, and to help clients understand the pros and cons of the captive approach when it is introduced by others.
 

Areas of discussion will include * Definition of a captive * History of captives * Captives in the context of the broader insurance market * Types of captive * Captive structures * Reasons for using a captive * Lowering the overall cost of risk * Enterprise risk financing * Covering uninsured or underinsured risk * Access to reinsurance markets * Investment income opportunities * Tax considerations * Role of the CPA as trusted advisor * Role of other professional service providers

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (1:00 pm–2:40 pm ET)

5E: 2017 Professional Ethics & Conduct
Mr. William Hunter Cook, CPA ( Charlotte, NC ),

This course by Hunter Cook is offered in a group-study format where participants and the discussion leader have opportunities to interact and discuss ethical issues facing the profession. North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules will be specifically examined, clarifying how they are applicable to all CPAs. Standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.

Note—This course fulfills the State Board’s annual two-hour ethics CPE requirement. The two-hour ethics course is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA , and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners. The vendor has identified this course as satisfying the 80-hour requirement for Yellow Book. It is up to the individual to determine if this course meets the 24-hour Yellow Book requirement. If you have a question, please contact the GAO at (202) 512-9535.

Field of Study: Regulatory Ethics

Tuesday, November 14, 2017 (3:00 pm–4:40 pm ET)

6A: Revenue Recognition

Coming soon!

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (3:00 pm–4:40 pm ET)

6B: Federal & State Tax Issues & Considerations in M&A
Mr. Joshua Dale Bryant, CPA ( Smith Anderson, Raleigh, NC ), Mr. Craig J. Ridenour, CPA ( RSM US LLP, Charlotte, NC ),

Coming soon!

Field of Study: Taxes

Tuesday, November 14, 2017 (3:00 pm–4:40 pm ET)

6C: Securing the Perimeter—A Management View
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

Security is, and should be, on everyone’s radar. Whether you control security choices or not, you can raise your awareness and ask the right questions by attending this session. Understand the changes in firewalls, anti-virus, encryption, and other tools so you can ask the right questions of your team or contractors. This session will also help you understand the risks you currently have and provide ideas on how to mitigate and minimize your exposure.

 
Upon completing this session, you should be able to * Assess the relevant security risks in your organization * Identify specific tools and techniques to protect sensitive data * List five methods to improve security * Implement security procedures to improve organizational security

Field of Study: Information Technology

Tuesday, November 14, 2017 (3:00 pm–4:40 pm ET)

6D: Current Estate Planning Tools
Joshua Wu ( Caplin & Drysdale Attorneys, Washington, DC ),

Coming soon!

Field of Study: Specialized Knowledge

Tuesday, November 14, 2017 (3:00 pm–4:40 pm ET)

6E: 2017 Professional Ethics & Conduct (Repeat of 5E)
Mr. William Hunter Cook, CPA ( Charlotte, NC ),

This course by Hunter Cook is offered in a group-study format where participants and the discussion leader have opportunities to interact and discuss ethical issues facing the profession. North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules will be specifically examined, clarifying how they are applicable to all CPAs. Standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.

Note—This course fulfills the State Board’s annual two-hour ethics CPE requirement. The two-hour ethics course is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA , and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners. The vendor has identified this course as satisfying the 80-hour requirement for Yellow Book. It is up to the individual to determine if this course meets the 24-hour Yellow Book requirement. If you have a question, please contact the GAO at (202) 512-9535.

Field of Study: Regulatory Ethics

Tuesday, November 14, 2017 (4:45 pm–5:45 pm ET)

Optional #3: Tuesday Networking Reception (Registrant Only)

Tuesday, November 14, 2017 (4:45 pm–5:45 pm ET)

Optional #4: Tuesday Networking Reception (Registrant + 1 Guest)

Wednesday, November 15, 2017 (8:00 am–8:50 am ET)

7A: GASB Update
Mr. Scott Reeser, CPA ( Governmental Accounting Standards Board, Norwalk, CT ),

This session will give an overview of GASB pronouncements that have been issued and will become effective in the coming fiscal years, such as standards on post-employment benefit obligations other than pensions (OPEB), fiduciary activities, and leases. The session also will cover some of the projects on GASB’s current technical agenda, such as the reexamination of the financial reporting model.

Field of Study: Accounting

Wednesday, November 15, 2017 (8:00 am–8:50 am ET)

7B: Issues & Opportunities for S Corporations
Joshua Wu ( Caplin & Drysdale Attorneys, Washington, DC ),

This presentation will discuss hot topics, recent case law, IRS guidance, and legislative proposals related to S Corporations. Participants will * Have a better understanding of the limitation on classes of S Corporation stock * Gain knowledge regarding inadvertent terminations * Understand the options where a timely selection is not properly made * Hear about legislative proposals related to S Corporation taxation

Field of Study: Taxes

Wednesday, November 15, 2017 (8:00 am–8:50 am ET)

7C: Cybersecurity & the Internet of Things
Jerry Irvine ( Prescient Solutions, Homer Glen, IL ),

Coming soon!

Field of Study: Information Technology

Wednesday, November 15, 2017 (8:00 am–8:50 am ET)

7D: Data Analytics—Will You Be Ready?
Mr. David Scott Showalter, CPA ( NC State University, Raleigh, NC ),

The impact of data analytics on the accounting profession is said to be biggest event since the passage of the 1933 and 1934 securities laws. Will you be ready? Data analytics is impacting assurance, tax, and consulting services and firms of all sizes. How is your firm preparing for this change? Are you leveraging this opportunity for your personal career and your firm’s future? This session will introduce data analytics and how it is impacting the various accounting profession services lines. It will share what actions some firms are currently taking to prepare for this opportunity, as well as explore the impact of data analytics on the skills CPAs need to develop. If your firm is not focused on the opportunity before attending this session, it will be after attending the session.

Field of Study: Finance

Wednesday, November 15, 2017 (8:00 am–8:50 am ET)

7E: Getting the Most from Others—Best Practices for Giving Effective Feedback
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

Studies have found that people who receive feedback apply it only around 30% of the time. To reach our desired outcomes, feedback that is delivered effectively has a better chance of being applied. Done poorly, feedback can crush ingenuity and destroy motivation, resulting in innovative solutions never seeing the light of day. As important as it is, however, it can often get pushed down on the to-do list.  Many leaders face a swarm of pressing deadlines; moreover, feedback conversations can be both awkward and stressful. It’s easy to fall back on the annual performance review to make sure at least one conversation happens. It’s no wonder that many employees report getting no other feedback throughout the year. In this session, participants will learn practical, straightforward methods of giving feedback that moves from critiquing to contributing and inspiring that will spark ideas, increase motivation, and make productive feedback a signature part of your skillset.
 

Learning Outcomes:
•Discover how to design your feedback to increase employee motivation, buy-in and action
•Understand how to word praise and criticism so it has the best impact on employees
•Recognize techniques for becoming a more persuasive, influential leader
•Learn about listening inhibitors and how best to tackle them

Field of Study: Personal Development

Wednesday, November 15, 2017 (9:05 am–10:20 am ET)

8A: Not-for-Profit Accounting Update
Mr. Paul Preziotti, CPA ( Johnson Lambert LLP, Vienna, VA ),

The not-for-profit accounting world isn’t quiet anymore—there is a significant amount of change coming! Join us for a session to understand recent changes affecting not-for-profit organizations. We will discuss new standards affecting areas such as not-for-profit financial reporting, revenue recognition, going concern, reporting of cash flows, and consolidation. Additionally, we will provide insight on implementing these new standards and discuss lessons learned from organizations that have elected early adoption of these standards. Lastly, we will also touch on how these standards can require outreach to others in your organization—even if they aren’t accountants!

Field of Study: Accounting

Wednesday, November 15, 2017 (9:05 am–10:20 am ET)

8B: Role of CPA in Tax Litigation
Mr. William Reid Culp, Jr., CPA ( Culp Elliott & Carpenter, PLLC, Charlotte, NC ), Mr. W. Curtis Elliott, Jr. ( Culp Elliott & Carpenter, PLLC, Charlotte, NC ),

Why is an understanding of tax litigation strategy and practice an integral part of all tax controversy? Learn how CPAs can work effectively with tax litigation counsel and be an integral part of the tax litigation team. Learn why filing a Tax Court petition costs little, but dramatically changes the negotiation balance of power. If you are not willing to show the IRS that your client will litigate a difficult case, the IRS will extract a larger settlement. Also, participants will learn how the CPA can play a key role in cases going to trial as a fact or expert witness.

Field of Study: Taxes

Wednesday, November 15, 2017 (9:05 am–10:20 am ET)

8C: Identity Theft, Security Breach, Scams, & Fraud
Hugh A. Harris, JD ( NC Department of Justice, Raleigh, NC ),

Learn how to protect yourself and your clients from the devastating effects of fraud or identity theft. In addition, we will talk about what the legal protections are for victims. We will list some of the requirements for businesses if there is a security breach. Lastly, we will focus on scams and fraud and the current techniques scammers are using.  

Field of Study: Information Technology

Wednesday, November 15, 2017 (9:05 am–10:20 am ET)

8D: Advanced Conflict Resolution Strategies
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

We’ve all seen situations where people with different goals and needs have clashed, and we’ve all witnessed the often intense personal animosity that can result. The fact that conflict exists, however, is not necessarily a bad thing. When you resolve it effectively, you can also eliminate many of the hidden problems that it brought to the surface. But conflict can also be damaging. If you don’t handle it effectively, it can quickly turn into personal dislike, teamwork can break down, and talent may be wasted as people disengage from their work and leave.
 
If you want to keep your team members working effectively, despite coming into conflict with one another, you need to stop this downward spiral as soon as you can. To do this, it helps to understand one of the key processes for effective conflict resolution: the interest-based relational approach.  

Learning Outcomes:  
•Learn to create an environment for open, honest dialogue during conflict resolution
•Leverage potential conflict situations as opportunities for critical conversations that enhance work relationships
•Gain confidence in holding difficult conversations calmly and assertively
•Recognize how to manage conflict situations proactively

Field of Study: Personal Development

Wednesday, November 15, 2017 (9:05 am–10:20 am ET)

8E: Sharks in Them Thar' Waters
Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ),

Learn seven key strategies to avoid the proverbial shark bite in complex divorce and family law situations, particularly those involving closely-held businesses. Will your business be shark bait in the divorce through joinder, K-1s, constructive trusts, or the office romance? How does the CPA keep away from the blood-bath of the crisis? This session will explore the murky waters of the modern family law dispute!

Field of Study: Specialized Knowledge

Wednesday, November 15, 2017 (10:35 am–11:50 am ET)

General #7: Toxic Leadership
Mr. Art Padilla, PhD ( Wilmington, NC ),

This session will highlight the power of positive mentoring relationships and how to engage effectively to motivate others. Participants will learn about what great mentors do, what makes a mentoring relationship truly effective, and how to recognize and reduce dysfunction. Examples will be shared for how to redirect conversations when they are off to a poor start; how mentoring can help you “realize” your dream, and how to reframe mentoring challenges as opportunities. The audience will walk away with new ideas to try and to share with others.

What is toxic leadership and what explains destructive leadership episodes? This session provides an overview of toxic leadership and the features that make it possible. Salient characteristics of toxic leaders will be examined, and the sorts of followers and environments or cultures associated with them will also be explored. A few cases will be presented to illustrate the concepts and ideas discussed.

Field of Study: Personal Development

Wednesday, November 15, 2017 (12:50 pm–1:45 pm ET)

General #8: Strange Tax Facts
Mr. Kevin Witriol, CPA ( Bernard Robinson & Company, LLP, Greensboro, NC ),

Coming soon!

Field of Study: Taxes

Wednesday, November 15, 2017 (2:00 pm–2:55 pm ET)

General #9: The Trump Bump
Dr. Harry M. Davis ( Appalachian State University, Boone, NC ),

In this session, Dr. Davis will look at the overall economy, concentrating on consumer spending income, corporate earnings, housing, and employment growth. Dr. Davis will discuss the Trump presidency’s impact on the economy with particular attention given to tax policy and regulatory reform.  Finally, he will give his economic outlook for the US and NC economies for 2018.

Field of Study: Finance

Wednesday, November 15, 2017 (3:10 pm–4:40 pm ET)

General #10: Technology Update
Mr. Robert W Hickson, Jr. ( BluePointe, LLC, Raleigh, NC ),

Rob Hickson joins again this year to discuss all things tech! Bring your list of questions, problems, complaints, and aggravations (at least those that are technology-related), and Rob will reduce your anxiety, with a bit of humor thrown in.
 
If you have not attended Rob’s session before, his engaging style and heavy involvement with the audience will keep you awake on our final day, and with the large number of topics he covers, you’ll leave with information that you can actually use.
 

This year, Rob will discuss and provide updates on * All things mobile * Internet security for traditional PCs * Internet security for mobile devices * Update on ransomware * Is Alexa spying on you? * Has the cord finally been cut? * The Connected Home—Goodbye, hub * Secure e-mail—Are you guilty?

Field of Study: Information Technology


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Auditing, Business Management & Organization, Computer Software & Applications, Economics, Finance, Information Technology, Personal Development, Personnel/Human Resources, Regulatory Ethics, Specialized Knowledge, Taxes, Various
Level: Update

Event Type:Conference
Event Code:SYM17


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Registration Fees

Early Bird Rate expires October 30, 2017

3-Day Conference Registration Early Bird Regular
NCACPA Member 3-Day $580.00 $680.00
Non-Member 3-Day $680.00 $780.00
Other CPA State Society Member 3-Day $580.00 $680.00
Monday & Tuesday Conference Registration Early Bird Regular
NCACPA Member Monday & Tuesday $450.00 $520.00
Non-Member Monday & Tuesday $550.00 $620.00
Other CPA State Society Member Monday & Tuesday $450.00 $520.00
Monday & Wednesday Conference Registration Early Bird Regular
NCACPA Member Monday & Wednesday $450.00 $520.00
Non-Member Monday & Wednesday $550.00 $620.00
Other CPA State Society Member Monday & Wednesday $450.00 $520.00
Monday Only Conference Registration Early Bird Regular
NCACPA Member Monday Only $250.00 $300.00
Non-Member Monday Only $350.00 $400.00
Other CPA State Society Member Monday Only $250.00 $300.00
Tuesday & Wednesday Conference Registration Early Bird Regular
NCACPA Member Tuesday & Wednesday $450.00 $520.00
Non-Member Tuesday & Wednesday $550.00 $620.00
Other CPA State Society Member Tuesday & Wednesday $450.00 $520.00
Tuesday Only Conference Registration Early Bird Regular
NCACPA Member Tuesday Only $250.00 $300.00
Non-Member Tuesday Only $350.00 $400.00
Other CPA State Society Member Tuesday Only $250.00 $300.00
Wednesday Only Conference Registration Early Bird Regular
NCACPA Member Wednesday Only $250.00 $300.00
Non-Member Wednesday Only $350.00 $400.00
Other CPA State Society Member Wednesday Only $250.00 $300.00