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80th Annual Symposium

Description

Join us for the 80th 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: 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 * Significant Developments in Federal Individual Income Taxation * Significant Developments for S and C Corporations in Federal Income Taxation * NC Tax Update * Cybersecurity * Economic Outlook * An Update on All Things Tech With Useful Tips and Advice

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ms. Marti Arvin ( CynergisTek, Inc., Austin, TX ), Mr. Michael Bork ( Raleigh, NC ), Mr. Eric Conkright, CPA ( Piedmont Private Equity, Atlanta, GA ), Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ), Mr. Bill Ewing ( Atlanta, GA ), Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ), Mrs. Lauren E Joyce, CPA ( Hughes Pittman & Gupton, LLP, Raleigh, NC ), Ms. Nina Kilbride ( Corpening, LLC, Raleigh, NC ), Mr. Steve Long ( Ward and Smith, P.A., Raleigh, NC ), Mr. Paul Preziotti, CPA ( Johnson Lambert LLP, Vienna, VA ), Ms. Niki Ramirez, MBA, PHR, SHRM-CP ( HRAnswers.org, Gilbert, AZ ), Mr. Kevin Dale Rayfield, CPA ( Dixon Hughes Goodman LLP, High Point, NC ), Mr. Deron Rossi ( DJR Consulting, Cary, NC ), Mr. Mike Saber ( Smith Anderson, Raleigh, NC ), Mr. David Scott Showalter, CPA ( NC State University, Raleigh, NC ), Mr. Frank Trainor, JD ( NC State Board of CPA Examiners, Raleigh, NC ), Ms. Kari Louise Hipsak, CPA ( The Association of International Certified Professional Accountants, Durham, NC ), Mr. J.Travis Hockaday, JD ( Smith Anderson, Raleigh, NC ), Mr. Denny Franklin Ard, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ), Mr. Austin Penn Wachter, CPA ( Nuveen - A TIAA Company, Cornelius, NC ), Hector Garcia ( Quick Bookkeeping & Accounting LLC, Weston, FL ), Mr. Aaron Beam ( Aaron Beam Speaks, Loxley, AL ), Roger Upton, CPA ( MS Consultants, LLC, Pittsford, NY ), Chris Hesse, CPA ( CliftonLarsonAllen LLP, Spokane, WA ), Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ), Mrs. Wendla Boddy, CPA ( CliftonLarsonAllen LLP, Charlotte, NC ), Mr. Carlton Collins ( ASA Research, Norcross, GA ), Mr. Robert N. Brooks ( NC State Board of CPA Examiners, Raleigh, NC ), Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ), Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ), Mr. Joshua Wu ( Clark Hill Strasburger, San Antonio, TX ), Steven Patterson, CFE ( West Virginia Intelligence Fusion Center, Charleston, WV ), Mr. Robert W Hickson, Jr. ( BluePointe, LLC, Raleigh, NC ), Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ), Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ), Dr. Michael L. Walden, PhD ( NC State University-Agricultural and Resource Economics, Raleigh, NC ), Mr. Bruce Antoon Kingshill, CPA ( Ray, Bumgarner, Kingshill & Associates, PA, Waynesville, NC ), Mr. Bradley L. Jacobs, CPA, JD ( Tuggle Duggins, PA, Greensboro, NC ), Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ), Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Ms. Monique Eve Elliott, CPA ( Elliott Group CPAs, PLLC, Charlotte, NC ), Mr. David R. Nance, CPA ( NC State Board of CPA Examiners, Raleigh, NC ),

Additional Event Information

Accommodations
Grandover Resort & Conference Center
336-294-1800

Discounted Reservation Cut-off Date: October 21, 2019
Room Rate: $159 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 18, 2019 (8:05 am–8:55 am ET)

General #1: Focus on the Profession
Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mr. Austin Penn Wachter, CPA ( Nuveen - A TIAA Company, Cornelius, NC ),

Coming Soon

Monday, November 18, 2019 (9:05 am–10:20 am ET)

General #2: Significant Developments in Federal Individual Income Taxation
Chris Hesse, CPA ( CliftonLarsonAllen LLP, Spokane, WA ),

The IRS and Treasury continue to issue regulations providing guidance for the Tax Cuts and Jobs Act. In this course, we’ll discuss significant court cases, revenue rulings, revenue procedures, and other guidance interpreting the many provisions of the Internal Revenue Code.

Monday, November 18, 2019 (10:35 am–11:50 am ET)

General #3: Significant Developments for S and C Corporations in Federal Income Taxation
Chris Hesse, CPA ( CliftonLarsonAllen LLP, Spokane, WA ),

The IRS and Treasury continue to issue regulations providing guidance for the Tax Cuts and Jobs Act. In this course, we’ll discuss significant court cases, revenue rulings, revenue procedures, and other guidance interpreting the many provisions of the Internal Revenue Code.

Monday, November 18, 2019 (12:50 pm–1:40 pm ET)

1A: Income Tax Nexus and Apportionment
Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

This session will explore income-tax filing requirements for businesses in various states and will also discuss how to determine how much of the business’s income is taxable in each state.

Monday, November 18, 2019 (12:50 pm–1:40 pm ET)

1B: Peer Review and Risk Assessment: What Have I Done Wrong?
Mr. Bruce Antoon Kingshill, CPA ( Ray, Bumgarner, Kingshill & Associates, PA, Waynesville, NC ),

This session will cover the evolution of the peer review program from inception to present and will look at how firms are doing in peer reviews.

 
Current hot button issues include: risk assessment & identifying and documenting significant threats to independence on Yellow Book engagements.

Monday, November 18, 2019 (12:50 pm–1:40 pm ET)

1C: Cloud Computing 2019
Mr. Carlton Collins ( ASA Research, Norcross, GA ),

Software applications and data file storage continue to move to the cloud and for good reason – the cloud is a more secure environment which offers far greater connectivity to employees and remote users. However, the cloud is not perfect, and in this session, you will learn about security Issues with the cloud; the uglier aspects of cloud storage and how to mitigate them, legal requirements when working in the cloud; Windows 10’s cloud solution and features; and Microsoft Office’s cloud-based features. Specifically, this session will demonstrate how to set up, operate, and manage Microsoft’s cloud-based OneDrive solution, which offers for free the full functionality of cloud-based storage. Don’t miss this session.

Monday, November 18, 2019 (12:50 pm–1:40 pm ET)

1D: Recent Developments in Worker Classification Law
Mr. J.Travis Hockaday, JD ( Smith Anderson, Raleigh, NC ),

With the “gig economy” growing, courts and regulators from a wide variety of federal and state government agencies are continuing to scrutinize relationships between businesses and the people and entities providing services to them in non-W-2 employee roles.

 
This session will include an overview of the patchwork of laws that should inform worker classification decisions, the various tests for classification (including the “ABC” test being adopted by more and more states), and the potential penalties for misclassification. Attendees will learn about recent key developments in worker classification law, best practices for structuring and managing relations with staffing firms and individual independent contractors, and practical ways to remedy misclassification while mitigating exposure to avoid liability.

Monday, November 18, 2019 (12:50 pm–1:40 pm ET)

1E: Developing the Intrapreneurial Spirit in Organizations
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

“Success is the ability to go from failure to failure with no loss of enthusiasm.” -Winston Churchill

 
Organizations are finding it more difficult to survive and prosper by merely competing. Increasingly, they are looking toward key people to take them beyond competition to create new businesses in new markets—intrapreneurs. A relatively new concept, intrapreneurs are people within an organization who, through assertive risk-taking and innovation, take direct responsibility for turning ideas into finished products. Using a variety of examples, this session will present ways to adopt a more intrapreneurial mindset and apply the concepts of intrapreneurship, creativity, innovation, and motivated thinking to boost organizational productivity.

Monday, November 18, 2019 (1:55 pm–2:45 pm ET)

2A: Opportunity Zones
Mr. Eric Conkright, CPA ( Piedmont Private Equity, Atlanta, GA ), Mr. Bill Ewing ( Atlanta, GA ),

Since the TCJA of 2017, Opportunity Zones has been a buzzing topic for advisors, real estate developers and business operators. With two new IRC code sections created and two new rounds of Proposed Treasury Regulations, investors and advisors now have more information to rely on the rules surrounding Opportunity Zones.

 
This session is intended to provide an overview of the Opportunity Zones program, the Tax Incentives, information about Qualified Opportunity Funds, and other topics relevant to advisors in supporting their clients with this new and complex, yet highly supported and incentivized program.

Monday, November 18, 2019 (1:55 pm–2:45 pm ET)

2B: Implementation Issues With Topic 606
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

With the effective date for private companies fast approaching, this course will be an overview of implementation issues identified for Topic 606. We’ll discuss lessons learned from issuers and how private entities can effectively implement the new standard.

Monday, November 18, 2019 (1:55 pm–2:45 pm ET)

2C: Social Media & Search Engine Optimization
Ms. Kari Louise Hipsak, CPA ( The Association of International Certified Professional Accountants, Durham, NC ),

Social Media is everywhere. Why not leverage the platforms for your firm? In addition to learning about best practices, you’ll be directed to resources that can help if you don’t know where to start.

Monday, November 18, 2019 (1:55 pm–2:45 pm ET)

2D: 8 Common Challenges for a Growing Business
Mr. Michael Bork ( Raleigh, NC ),

Scalability decisions impact every growing business. While seeking to increase sales, you must balance the resources needed to support your growth. As your company expands in size, you also experience increasing complexity in human capital needs. With a tightening labor market and escalating employment compliance requirements, how do you know when it is time to expand HR? How do you determine the right HR strategy to meet your growing demands? And, what HR resources do you need to maintain in-house and which functions can be outsourced?  

 
In this session, we’ll spotlight eight common HR challenges growing businesses face and identify the best ways to maximize internal resource capacity, using a boost of external expertise to ensure your company not only meets all the legal requirements, but rises to the level of a preferred employer. Additionally, we’ll explore:
 

* Attracting top talent
* Data-based decision making

* Conducting background checks
* Managing lean and green

* Escalating employee relations issues
* Handling requests for employee leave”

Monday, November 18, 2019 (1:55 pm–2:45 pm ET)

2E: How to Engage Gen Z in the Workplace
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

They’re 60 million people large, who don’t remember a time before social media, and who were raised in the shadow of an economic turndown. If they’re not in your workforce now, they will be very soon.  While many employers are concerned about recruiting and retaining Millennials, Gen Z is receiving little consideration. To best prepare your organization for future success and strong leadership, it’s important to develop a plan and process to engage Generation Z.  

 
While they currently make up only about 2% of the workforce, they are 24% of the population. By 2020, Generation Z will make up an estimated 30% of the workforce and 40% of the consumer market. Engagement with Generation Z can be challenging, but with the right techniques it can be easier to manage and prove worthwhile. Gen Zer’s bring a different set of expectations and behaviors to the table, which is why 7 out of 10 leaders are concerned about how they will fit in at the workplace. In this highly interactive session, you will learn how to increase your effectiveness working with those in the Gen Z generation.

Monday, November 18, 2019 (3:00 pm–3:50 pm ET)

3A: Interest & Loss Limitations
Mr. Joshua Wu ( Clark Hill Strasburger, San Antonio, TX ),

Coming Soon

Monday, November 18, 2019 (3:00 pm–3:50 pm ET)

3B: 2019 Employee Benefit Plan Update
Ms. Monique Eve Elliott, CPA ( Elliott Group CPAs, PLLC, Charlotte, NC ),

This session will include recent accounting and auditing standards and highlight how they impact benefit plan administration and audits. We will also focus on key IRS and DOL issues and tips for how to better monitor the benefit plan to prevent and detect common plan issues.

Monday, November 18, 2019 (3:00 pm–3:50 pm ET)

3C: Blockchains & Cryptocurrencies: History, Problems and Opportunities
Ms. Nina Kilbride ( Corpening, LLC, Raleigh, NC ),

Blockchains are an old idea that have taken on new life in the digital age. We will introduce the fundamentals of blockchains and cryptocurrencies and give a brief snapshot of the issues in the blockchain and cryptocurrency market today for CPAs. We will also provide ideas and resources for CPAs to stay abreast of this rapidly-changing space as well as seize business opportunities.

Monday, November 18, 2019 (3:00 pm–3:50 pm ET)

3D: Tax Issues for Industry
Mrs. Wendla Boddy, CPA ( CliftonLarsonAllen LLP, Charlotte, NC ),

As we continue to gain clarity a year into tax reform, we examine how legislation is impacting various industries. We will take a deeper dive into regulations issued in the last 12 months. The topics covered will address the more practical impact of the tax legislation on business. At the end of this session, attendees will be able to 1) Obtain a deeper understanding of newly issued regulations and how they impact their particular industry; 2) Understand any new changes to federal or state tax legislation; and 3) Plan in advance of year end for these changes.

Monday, November 18, 2019 (3:00 pm–3:50 pm ET)

3E: Travel & Entertainment Expenses
Ms. Niki Ramirez, MBA, PHR, SHRM-CP ( HRAnswers.org, Gilbert, AZ ),

Employee travel and entertainment are essential expenses for every growing, successful businesses in 2019. Employees desire to access Uber, Lyft, AirBNB, UberEats, and more—and it’s time for a fresh policy and procedure. In order to control financial risk and liability, effective employee policies and controls are critical. In this interactive session, we’ll review what constitutes an accountable plan and provide strategies you can use to review and update existing policies in response to how we do business today. In addition to practical policy updates and procedures, we’ll discuss red flags that every employer, auditor, and accountant should look for—and how to respond to suspected incidents of fraud.

Monday, November 18, 2019 (4:05 pm–5:00 pm ET)

4A: Unmasking Today's Divorce Problems
Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ),

This session will unmask strategies and unanswered questions about the alimony tax deduction post TCJA. Is Form 8332 relevant in today’s divorce climate?  Has divorce business valuation encountered a seismic shift post TCJA?  As a bonus, the course will deal with the mysterious bitcoin as a hidden asset in the divorce treasure chest.

Monday, November 18, 2019 (4:05 pm–5:00 pm ET)

4B: Implementing Leases, Topic 842
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

After years of debate, the New Leases Standard was issued in 2016. While it started out as a highly anticipated convergence project with the IASB, ASU 2016-02 did not result in convergence between the standard-setting boards. While this course will examine the impact of implementing the new standard on the balance sheet, income statement, and cash flow statement, our primary focus will be on transitioning issues identified during implementation.

Monday, November 18, 2019 (4:05 pm–5:00 pm ET)

4C: Technology Necessities for Small Firms
Mr. Carlton Collins ( ASA Research, Norcross, GA ),

The objective of this session is to provide attendees with a checklist of the technologies (hardware and software) they should be using to perform their jobs; including computers, laptops, tablets, smartphones, printers, monitors, UPS devices, firewalls, projectors, conferencing equipment, microphones, Cloud storage systems, tools and utilities, email systems, web pages, communication tools, mobile tools, gadgets and gizmos, personal productivity software, etc. Your instructor will demonstrate these tools where necessary and explain why they may be important to your success.

Monday, November 18, 2019 (4:05 pm–5:00 pm ET)

4D: IRC 409A: Questions For Accountants—Valuations, Errors, Penalties, & Corrections
Mr. Steve Long ( Ward and Smith, P.A., Raleigh, NC ),

The session will address questions that employers are likely to ask their accountants regarding IRC 409A, the tax law governing deferred compensation arrangements. It will address issues such as the proper valuation of closely held stock to avoid triggering deferred compensation, the common errors in such arrangements, how to calculate the penalties when things go wrong, and the IRS’ correction programs that may offer hope to avoid disaster. The session will involve case studies providing guidance to accountants who have clients that offer deferred compensation to management and highly compensated employees.

Monday, November 18, 2019 (4:05 pm–5:00 pm ET)

4E: Cyber-insurance
Ms. Marti Arvin ( CynergisTek, Inc., Austin, TX ),

This session will discuss the role of cyber insurance in the overall cyber compliance program. It will discuss the basics of cyber insurance, standard coverage terms, and key factors to consider when evaluating cyber insurance for an organization. The objectives of the session will be for the audience to:

 
*Understand how to evaluate a cyber insurance policy

*Understand how to assess the client’s infrastructure to determine if coverage criteria is being met
*Evaluate the organization’s understanding of their cyber insurance policy
*Determine the process for invoking a claim under the cyber insurance policy

Monday, November 18, 2019 (5:05 pm–6:05 pm ET)

Optional #1: Networking Reception (Registrant Only)

Monday, November 18, 2019 (5:05 pm–6:05 pm ET)

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

Tuesday, November 19, 2019 (8:05 am–9:15 am ET)

General #4: NC 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 involving individual income taxes, corporate income and franchise taxes, sales and use taxes, and tax administration.

Tuesday, November 19, 2019 (9:30 am–10:25 am ET)

General #5: HealthCare South Fraud
Mr. Aaron Beam ( Aaron Beam Speaks, Loxley, AL ),

Coming Soon

Tuesday, November 19, 2019 (10:45 am–12:00 pm ET)

5A: Taxation of Equity Compensation Structures
Mrs. Lauren E Joyce, CPA ( Hughes Pittman & Gupton, LLP, Raleigh, NC ),

Coming Soon

Tuesday, November 19, 2019 (10:45 am–12:00 pm ET)

5B: Not-for-Profit Accounting Update
Mr. Paul Preziotti, CPA ( Johnson Lambert LLP, Vienna, VA ),

Please join us for a session that will discuss accounting updates relevant to the not-for-profit industry. Topics discussed will include revenue recognition, grants and contributions, leases, credit losses, and more. Additionally, we will go through specific examples of implementations and lessons learned.

Tuesday, November 19, 2019 (10:45 am–12:00 pm ET)

5C: QuickBooks Desktop Reporting Tips and Tricks
Hector Garcia ( Quick Bookkeeping & Accounting LLC, Weston, FL ),

Level: Intermediate (Basic Usage of QuickBooks Desktop is Required)

 
Learn all about how QuickBooks Desktop reports on activities such as payroll, classes, job costing, etc… everything beyond basic financial statements.

Tuesday, November 19, 2019 (10:45 am–12:00 pm ET)

5D: Controlling Healthcare Costs through Pharmacy Benefit Measures
Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ),

Pharmacy costs have become front and center for many employers who have witnessed the alarming rise in cost. In the last five years, pharmacy costs have skyrocketed and are on track to represent as much as 25% of the total healthcare spent for some employers. Having a basic understanding of pharmacy benefit managers (PBMs), and options employers have in the marketplace, is more imperative now than ever for finance and HR professionals who want to manage their total healthcare spending.

 
There’s a wide variety of PBMs in the marketplace. While each carrier and third-party administrator may use a different PBM, they all function in a similar fashion and have similar characteristics. Depending on the size of your company and funding, you may have the option to carve out the pharmacy program and select the PBM of your choice.

This session will focus on the trends and challenges that plan sponsors endure in the PBM marketplace and some of the strategies that can be utilized to ensure optimal pharmacy benefit programs. Come discover what your organization needs to know to obtain the best cost and care possible.

 

Tuesday, November 19, 2019 (10:45 am–12:00 pm ET)

5E: State Board Q&A Panel
Mr. Robert N. Brooks ( NC State Board of CPA Examiners, Raleigh, NC ), Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ), Mr. David R. Nance, CPA ( NC State Board of CPA Examiners, Raleigh, NC ), Mr. Frank Trainor, JD ( NC State Board of CPA Examiners, Raleigh, NC ),

This session allows participants to gain a better understanding of the duties and activities of the State Board.

Tuesday, November 19, 2019 (1:00 pm–2:40 pm ET)

6A: Understanding and Maximizing 199A
Mr. Joshua Wu ( Clark Hill Strasburger, San Antonio, TX ),

Now that the IRS has issued significant regulations and other guidance regarding Section 199A, tax professionals need to consider how to use and maximize these new benefits for their clients. This session will discuss the recent IRS guidance, planning opportunities, and pitfalls.

Tuesday, November 19, 2019 (1:00 pm–2:40 pm ET)

6B: SSARS Update
Mr. Denny Franklin Ard, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ),

This session will include a discussion of recently issued Statements on Standards for Accounting and Review Services (SSARS), proposed revisions to SSARS, and frequently asked questions on SSARS engagements. Participants will learn: (1) Requirements of newly issued SSARS; (2) Current SSARS standard setting activities; and (3) Answers to frequently asked questions.

Tuesday, November 19, 2019 (1:00 pm–2:40 pm ET)

6C: Top 10 Tips and Tricks in QuickBooks Online
Hector Garcia ( Quick Bookkeeping & Accounting LLC, Weston, FL ),

In this session, you will learn all the shortcuts for working faster and more effectively using QuickBooks Online, including: navigation shortcuts, keyboard shortcuts, data entry importing tricks, online banking (bank feeds), and building custom reports.

Tuesday, November 19, 2019 (1:00 pm–2:40 pm ET)

6D: Sales and Use Tax Update Including Nexus
Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

We will discuss the latest in multi-state sales and use taxes, including the dramatic changes in sales tax filing requirements. The impact of these changes reaches far beyond the typical online retailer and affects most businesses to some degree.

Tuesday, November 19, 2019 (1:00 pm–2:40 pm ET)

6E: 2019 Professional Ethics & Conduct (repeat of 7E)
Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, 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 19, 2019 (3:00 pm–4:40 pm ET)

7A: Choice of Entity
Mr. Joshua Wu ( Clark Hill Strasburger, San Antonio, TX ),

With the changes in the Tax Cuts and Jobs Act, and the IRS releasing significant regulatory guidance, it’s time to revisit choice of entity. This session will cover the differences between C corporations, S corporations, partnerships, and LLCs. Specifically, the speaker will discuss:
 
* Choosing the best entity for a business

* Basic compliance issues for entity choice
* The impact of entity choice on financing
* The 21% corporate tax rate versus the 199A 20% pass-through deduction
* Business succession planning and estate tax issues related to choice of entity
* International tax considerations
* State tax considerations”

Tuesday, November 19, 2019 (3:00 pm–4:40 pm ET)

7B: Financial Statement Presentation and Disclosures
Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ),

This session will cover financial statement presentation and disclosure requirements including common deficiencies. There will also be information provided on current FASB projects related to financial statement presentation and disclosure.

Tuesday, November 19, 2019 (3:00 pm–4:40 pm ET)

7C: Top Excel Tips and Tricks for Accountants
Hector Garcia ( Quick Bookkeeping & Accounting LLC, Weston, FL ),

In this session you will learn the most common formulas and functions in Excel that are useful to accounting professionals, such as: CONCATENANTE(), LEFT()/RIGHT()/MID(), Find and Replace, Text to Columns Copy and Paste Values, VLOOKUP(), and Pivot Tables.

Tuesday, November 19, 2019 (3:00 pm–4:40 pm ET)

7D: Data Privacy & HIPAA
Ms. Marti Arvin ( CynergisTek, Inc., Austin, TX ), Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ),

We will discuss recent developments in the area of data privacy and cybersecurity and the HIPAA implications for practitioners.  Participants will also be asked to discuss particular issues and concerns that they face in their daily practices so we can provide guidance on dealing with those issues and concerns.

Tuesday, November 19, 2019 (3:00 pm–4:40 pm ET)

7E: 2019 Professional Ethics & Conduct (repeat of 6E)
Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, 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 19, 2019 (4:45 pm–5:45 pm ET)

Optional #3: Tuesday Networking Reception (Registrant Only)

Tuesday, November 19, 2019 (4:45 pm–5:45 pm ET)

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

Wednesday, November 20, 2019 (8:00 am–9:15 am ET)

8A: Real Estate & Depreciation
Roger Upton, CPA ( MS Consultants, LLC, Pittsford, NY ),

Coming Soon

Wednesday, November 20, 2019 (8:00 am–9:15 am ET)

8B: Interview Techniques to Detect Fraud
Steven Patterson, CFE ( West Virginia Intelligence Fusion Center, Charleston, WV ),

In this session, we will discuss the psychological and physiological aspects of deception and how it relates to the way in which we conduct our interviews. We will also discuss certain cognitive biases that may prevent us from detecting deception.

Wednesday, November 20, 2019 (8:00 am–9:15 am ET)

8C: What’s New in Excel 2019
Mr. Carlton Collins ( ASA Research, Norcross, GA ),

Excel 365 2019 contains a multitude of new features, including the ability to synchronize data sources (e.g. stock prices or currency exchange rates), including custom visuals, word clouds, bullet charts, speedometer charts, full SVG graphics support, 500 built-in icons for creating dashboards, and infographics.
Excel 365 2019 allows users to create automated workflows and share forms via a link by means of its new form capabilities, including:

 
* New functions: IFS, SWITCH, TEXTJOIN, MAXIFS, and MINIFS;

* Improved map charts, funnel charts, and color-code heat maps;
* New Power Query data scrubbing tool, conditional columns, and new transformations;
* New co-authoring capabilities (so multiple users can edit a workbook at the same time);
* Default PivotTable settings (finally);
* and more.

 
You’ll see the best of these features demonstrated live along with discussions for how useful you may find them.

Wednesday, November 20, 2019 (8:00 am–9:15 am ET)

8D: Capital Raising Options for Small Businesses
Mr. Mike Saber ( Smith Anderson, Raleigh, NC ),

Coming Soon

Wednesday, November 20, 2019 (8:00 am–9:15 am ET)

8E: Strategic Social Security and Medicare Planning Update: What You Need to Know in 2020
Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ),

With healthcare advances leading to significant increases in US longevity, more people are recognizing the need to proactively plan for retirement. Contemplating 30 years of taxes, inflation, and market volatility with no paycheck, people of all socioeconomic levels are voicing concerns about running out of money and increasing healthcare costs.
Therefore, understanding Social Security and Medicare, and how to maximize their benefits, is of great interest to most people when planning. After contributing to these systems for years, they want to know how they can maximize their benefits.
 
Whether you are advising clients or just curious for your own self-interest, we will focus on what is most critical to know about Social Security and Medicare in 2020. We’ll be covering the latest information about COLA numbers, Medicare premiums, restricted application eligibility, coordination of Social Security with IRA RMDs, status of the Social Security Trust Fund, and Social Security reform proposals. We will also highlight areas where we most commonly see questions and mistakes. Join us to be sure you are able to make the best decisions around these two critical financial planning areas.
 

Wednesday, November 20, 2019 (9:30 am–10:45 am ET)

9A: A Tax Change Order for Construction Companies
Mr. Kevin Dale Rayfield, CPA ( Dixon Hughes Goodman LLP, High Point, NC ),

Coming Soon

Wednesday, November 20, 2019 (9:30 am–10:45 am ET)

9B: Importance of Internal Controls & Risk Assessment, or Suffer the Consequences
Mr. Deron Rossi ( DJR Consulting, Cary, NC ),

“We will discuss the importance of internal controls and risk assessments in this session.  Risks are constantly evolving, and as a result, the internal controls have to be dynamic to keep pace with the risk velocity.  If not, there is one unfortunate constant looming, and it is Fraud!  As the Institute of Internal Auditors Three Lines of Defense, Risk Managers and Internal Audit need to be on the alert for fraud as part of the controls and audit processes.  And remember, fraud can happen at all levels of the organization, and it could be perpetrated by the most trusted or senior people.  In this session, we will hear of some current trends and learn of some interesting frauds.  We will discuss the Fraud Triangle, we will learn about some of the key findings in the Association of Certified Fraud Examiners (ACFE) 2018 Report to the Nations.

 
Learning Objectives:
 
•At the end of this program, attendees will be able to:
 
–  Learn about the importance of internal controls and risk assessment

–  Understand fraud basics
–  Recognize fraudulent activities and how frauds are perpetrated
–  Identify red flags of fraud which aids in the controls build”

Wednesday, November 20, 2019 (9:30 am–10:45 am ET)

9C: Tips and Techniques to Improve Your Presentation Skills and Reduce Your Anxiety
Mr. Robert W Hickson, Jr. ( BluePointe, LLC, Raleigh, NC ),

Multiple surveys show that the top-feared event (ranking above death!) is being called on to make a presentation.

 
Rob has been a professional speaker throughout his career and will teach you speaker tips and techniques to not only improve the effectiveness of your presentations, but also to reduce your anxiety while making presentations.
 
These techniques are designed to work for audience sizes ranging from 2 to 2,000.

Wednesday, November 20, 2019 (9:30 am–10:45 am ET)

9D: Data Analytics & the Impact on the Profession
Mr. David Scott Showalter, CPA ( NC State University, Raleigh, NC ),

Over the past five years, businesses have deployed data analytics into many elements of their operations. The accounting profession is not immune to the capabilities and impacts of data analytics. While the accounting profession has been late to the game, speed in deployment has recently increased. This session will provide an overview of data analytics, how it is being utilized by businesses, how data analytics is currently being deployed in the accounting profession, and possible future applications.

Wednesday, November 20, 2019 (9:30 am–10:45 am ET)

9E: Business Succession Planning
Mr. Bradley L. Jacobs, CPA, JD ( Tuggle Duggins, PA, Greensboro, NC ),

The objective of the session is to provide a look at various planning considerations for business owners in regard to succession planning and situations when the owner ceases to act as primary owner/employee. We’ll explore ideas for the initial structure and agreements at the creation of the business entity to provide future flexibility and projection. The session will then look at planning during the growth years to establish and retain key employees or develop the next generation as business owners. We’ll also look at the retirement years of the business owner and consideration for selling the business to third parties or key employees or transferring the business to the next generation, whether during life or at the death of the business owner.

Wednesday, November 20, 2019 (11:00 am–12:15 pm ET)

General #6: Cybersecurity
Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ),

Panel highlighting threats and trends observed through law enforcement, private law, etc.

Wednesday, November 20, 2019 (1:15 pm–2:30 pm ET)

General #7: Economic Outlook
Dr. Michael L. Walden, PhD ( NC State University-Agricultural and Resource Economics, Raleigh, NC ),

This session will present the outlook for the national and North Carolina economies for 2020. Among the topics covered will be growth, the job market, wages, inflation and interest rates, the urban-rural divide, and both monetary and fiscal policy. Special information will be presented about North Carolina’s future transportation plans, as currently discussed by a state commission (which includes Dr. Walden). The future of technology on the economy, the likelihood of a recession, and the on-going international trade disputes will also be evaluated.

Wednesday, November 20, 2019 (2:50 pm–4:30 pm ET)

General #8: An Update on All Things Tech With Useful Tips and Advice
Mr. Robert W Hickson, Jr. ( BluePointe, LLC, Raleigh, NC ),

Rob is an annual speaker at our event as the closing speaker, and will discuss all things tech.  His tops each year change depending on what’s relevant and most useful to conference participants,  and his speaking style invites heavy audience interaction to focus on your specific questions.  Rob presents his material in a lively and upbeat style perfect to close our event.


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Event Vendor:NCACPA
Field of Study:Regulatory Ethics, Various
Level: Update

Event Type:Conference
Event Code:CONSYM19


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Registration Fees

Early Bird Rate expires November 4, 2019

3-Day Conference Registration Early Bird Regular
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Non-Member 3-Day $700.00 $800.00
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Tuesday & Wednesday Conference Registration Early Bird Regular
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Non-Member Tuesday & Wednesday $570.00 $640.00
Tuesday Only Conference Registration Early Bird Regular
NCACPA Member Tuesday Only $270.00 $320.00
Non-Member Tuesday Only $370.00 $420.00
Wednesday Only Conference Registration Early Bird Regular
NCACPA Member Wednesday Only $270.00 $320.00
Non-Member Wednesday Only $370.00 $420.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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