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83rd Annual Symposium

Description

Join us for the 83rd 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

Economic Updates, Federal and State Tax Issues, Ethics, Technology, Economic Updates, Basics of Crypto

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ronald J. Baker, CPA ( Morrisville, NC ), Mr. Bradley W. Barbour, CPA ( The Association of International Certified Professional Accountants, Raleigh, NC ), Mr. Robert Joseph Broome, CAE ( NCACPA, Raleigh, NC ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mike Cheng, CPA ( Frazier & Deeter, LLC, Atlanta, GA ), David Cieslak, CPA, CITP, CGMA, GSEC ( RKL eSolutions, LLC, Lancaster, PA ), Mr. Dale Kenneth Cline, CPA ( Dale K. Cline, CPA, PLLC, Hickory, NC ), Mr. Jeremy Paul Colombik, CPA ( Management Services International, Raleigh, NC ), Richard M. Colombik, JD, CPA ( Management Services International, Raleigh, NC ), Mr. William Hunter Cook, CPA ( Charlotte, NC ), Ms. Bernita Whitaker Demery, CPA ( City of Greenville, Harrisburg, NC ), Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ), Becky Drozdz, CCP, SPHR, SHRM-SCP ( Catapult, Charlotte, NC ), Ms. Amy Maddrey Hilliard, CPA ( FORVIS, LLP, Apex, NC ), Ms. Kari Louise Hipsak, CPA, CGMA ( The Association of International Certified Professional Accountants, Durham, NC ), Mr. Charles M. Ivey, III ( Ivey, McClellan, Gatton, & Talcott, LLP, Greensboro, NC ), Jon Kirchoff, Speaker ( East Carolina University, Greenville, NC ), Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Mr. Alex Lehmann, CPA ( MPCompany LLP, Raleigh, NC ), Mr. James Lindell, CPA, CSP, CGMA, MBA ( Thorsten Consulting Group, Inc., Dousman, WI ), Kelley C. Long ( NCACPA, Morrisville, NC ), Michael Peter Manspeaker, CPA ( Coastal Peer Review, Inc., Hagerstown, MD ), Mr. Gene Marks, CPA ( The Marks Group PC, Bala Cynwyd, PA ), Mr. Gary R. Massey ( NC State Board of CPA Examiners, Emerald Isle, NC ), Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ), Mr. Matthew Jordan Miller, CPA ( FORVIS, LLP, High Point, NC ), Mr. David R. Nance, CPA ( NC State Board of CPA Examiners, Raleigh, NC ), Mr. Kelly Daniel Puryear ( TRP Sumner PLLC, Fayetteville, NC ), Marcey Rader ( Work Well. Play More!, Raleigh, NC ), Ms. Louise Warwick Reed ( Louise W. Reed, CPA, PC, Richmond, VA ), Mr. Jose Ramon Rodriguez, CPA ( Winston-Salem, NC ), Ms. Lynne Sanders ( NC State Board of CPA Examiners, Cary, NC ), Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Dirk Siegmund ( Ivey, McClellan, Gatton & Talcott, LLP, Greensboro, NC ), Ms. Kecia Williams Smith, Ph.D CPA ( North Carolina A&T State University-College of Business & Economics, Greensboro, NC ), Ms. Holly Sullenger, PhD ( Cary, NC ), Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ), Jeanne C. Tedrow ( NC Center for Nonprofits, Raleigh, NC ), Ms. Michelle Leigh Tracz, CPA, CFE, CGMA ( Michelle Tracz, CPA, CFE, PLLC, Fletcher, NC ), Mr. Frank Trainor, JD ( NC State Board of CPA Examiners, Raleigh, NC ), Marcy Twete ( Marcy Twete Consulting, Minneapolis, MN ), Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ), Jennifer Van Zant, Partner ( Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Greensboro, NC ), Dr. Michael L. Walden, PhD ( Raleigh, NC ), Ms. Deetra B. Watson, CPA, CGMA ( Blackman & Sloop, CPAs, PA, Chapel Hill, 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 ), Elizabeth Woodward, CPA/CFF, CFE ( Dean Dorton Allen Ford, PLLC, Lexington, KY ), Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ), Javier Young ( CLA Charlotte, Charlotte, NC ),

Additional Event Information

Check in for all in-person events begins 45 minutes prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.

Grandover Resort & Conference Center
1000 Club Rd, Greensboro, NC 27407
336-294-1800

Discounted Reservation Cut-off Date: October 11, 2022
Room Rate: $189 Single/Double


Grandover Onsite Information
Registration/Hot 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. 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 14, 2022 (8:05 am–9:20 am ET)

General #1: COVID, The Economy, Inflation, & Mid-Terms: Tactics, Strategies & Action to Increase Profitability
Mr. Gene Marks, CPA ( The Marks Group PC, Bala Cynwyd, PA ),

Booster shots are here, the economy is in flux, inflation is increasing, and mid-term elections are less than a year away. So what does this mean for your company, your people, your partners and your community? What new issues will we be facing? What investments should we be making? How will the economy fare? How will the mid-term elections impact your operations? What are smart leaders around the country doing to navigate their companies towards growth and profitability over the next two years?

Field of Study: Economics

Monday, November 14, 2022 (9:30 am–10:35 am ET)

General #2: Federal Tax Update: Individual
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

This program will address recent legislation, rulings and developments impacting individual taxpayers in the upcoming tax season, with a focus on Inflation Reduction Act and green tax credits, Cryptocurrency reporting, 1099Ks, and expiring/extended provisions.

Field of Study: Taxes

Monday, November 14, 2022 (10:45 am–11:45 am ET)

General #3: Federal Tax Update: Corporate
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

This program will address the most recent and important provisions, rules and concepts related to corporate tax returns, with a focus on expiring COVID related relief acts, American Rescue Plan Act, Infrastructure Act and the NEW Inflation Reduction Act.

Field of Study: Taxes

Monday, November 14, 2022 (12:45 pm–1:35 pm ET)

1A: S-Corporations: Review & Update
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting, Form 7203, AAA and more!

Field of Study: Taxes

Monday, November 14, 2022 (12:45 pm–1:35 pm ET)

1B: The Future of Supply Chain Management
Jon Kirchoff, Speaker ( East Carolina University, Greenville, NC ),

The pandemic brought two, relatively obscure words into the forefront of our collective consciousness: Supply chain. Supply chain disruptions, shipping delays, port congestion, and product shortages continue to plague global economies and are expected to last through 2022 and possibly into 2023. However, the future of supply chain management is bright, with innovative strategies paving the way for more effective, efficient, and resilient supply chains. In this session, we will have a focused discussion on the technologies and related strategies that are changing supply chain management. Specifically, you will learn how innovative smart technologies related to Industry 4.0 such as Blockchain, internet of things (IoT), artificial intelligence (AI), supply chain mapping, digital logistics, and machine learning will have a significant and positive impact on the way global supply chains are managed today and in the future.

Field of Study: Economics

Monday, November 14, 2022 (12:45 pm–1:35 pm ET)

1C: Fintech & Innovation
Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ),

Explore FinTech in this pioneering session. North Carolina’s FinTech sandbox has been launched. The session will investigate the nomenclature of FinTech, the basics of blockchain, and the risks and rewards of virtual currency – including a global view of central bank digital currencies. Finally, the session will surprise you with collector’s opportunities in Non-Fungible Tokens (NFTs). Don’t get left behind. This FinTech train has left the station.

Field of Study: Specialized Knowledge

Monday, November 14, 2022 (12:45 pm–1:35 pm ET)

1D: Microsoft Power BI for Data Analytics: An Overview, Part 1
Ms. Holly Sullenger, PhD ( Cary, NC ),

“Big Data” is the term we’ve become accustomed to hearing in the day and age of The Internet of Things. Microsoft has created a way to better use “big data” by giving their users a new tool, Power BI, to help them mine and analyze large amounts of information.

Microsoft Power BI (Business Intelligence) is quickly becoming the most powerful data analytics platform. An understanding of the ability to collect many different data types together within Power BI is essential for today’s savvy data professionals. Power
BI allows us to easily assimilate different data sources, manipulate the data, create analytic measures from the data, and use the data to inform decision making.

This seminar, Power BI Desktop: An Overview, Part 1, provides an overview understanding of Power BI Desktop data collection and manipulation

Field of Study: Computer Software & Applications

Monday, November 14, 2022 (1:45 pm–2:35 pm ET)

2A: Partnerships: Review & Update
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

This presentation will examine the critical issues and special opportunities facing partnerships and their partners, with a focus on pre-contribution gain/losses, tax basis and capital accounting reporting rules, NEW scheduled K-2 and K-3, BBA audit rules, and more!

Field of Study: Taxes

Monday, November 14, 2022 (1:45 pm–2:35 pm ET)

2B: Green Logistics & Sustainable Supply Chain Management & Operations
Jon Kirchoff, Speaker ( East Carolina University, Greenville, NC ),

Strategic thinking today among supply chain managers has evolved into a suite of strategies that include elements of innovation, differentiation, and efficiency and effectiveness. Integrating sustainability into the overall corporate strategy is one way of achieving competitive goals and have those efforts be recognized by their stakeholders. Green logistics and sustainable supply chain management are therefore becoming more salient to business leaders. This session will explore and focus on:
– Describing how sustainability is becoming an important supply chain strategy.
– Discussion of how sustainability is manifested in supply chain and logistics operations.
– In-depth review of companies that are successfully using sustainability as a competitive advantage.

Field of Study: Economics

Monday, November 14, 2022 (1:45 pm–2:35 pm ET)

2C: Branding Tips for CPAs
Kelley C. Long ( NCACPA, Morrisville, NC ),

What is branding and why should CPAs care?
– How to create a positioning statement for you or your firm
– Tips for creating branding consistency

Field of Study: Communications & Marketing

Monday, November 14, 2022 (1:45 pm–2:35 pm ET)

2D: Microsoft Power BI for Data Analytics: An Overview, Part 2
Ms. Holly Sullenger, PhD ( Cary, NC ),

Human beings are visual by nature. Even those of us who self-describe as “number people” have brains that will interpret images before the precious numbers.

Microsoft Power BI (Business Intelligence) can take data that has been pulled from many different sources and turn that data into visuals that can make decision making a snap. This package makes dashboards easy and informative – which has
contributed to its immediate popularity and adoption.

This seminar, Power BI Desktop: An Overview, Part 2, provides an overview understanding of how to create Power BI Desktop visualizations.

Field of Study: Computer Software & Applications

Monday, November 14, 2022 (2:45 pm–3:35 pm ET)

3A: Sales & Use Tax Strategy
Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

This session will include discussions of:
• When you have to collect tax
• What is taxable
• Which jurisdiction’s tax to collect
• When you must pay sales or use tax on purchases

Field of Study: Taxes

Monday, November 14, 2022 (2:45 pm–3:35 pm ET)

3B: ESG - Why it Matters
Marcy Twete ( Marcy Twete Consulting, Minneapolis, MN ),

Rewind to 2008 when only 358 companies globally were publishing sustainability reports that aligned the Global Reporting Initiative. Vast changes have occurred in the last 14 years. Today, more than 30,000 companies globally use the GRI framework. Additional sustainability indices and industry-specific and issue-specific frameworks have arisen since. Each year, sustainability leaders and their partners across finance, the environment, marketing, human resources, and more spend thousands of hours responding to and staying ahead of these individual reporting frameworks and processes. Join us as we explore the current trends in ESG that affect companies of all shapes and sizes, as well as the reporting and audit requirements that may affect financial professionals in the coming years.

Field of Study: Personal Development

Monday, November 14, 2022 (2:45 pm–3:35 pm ET)

3C: SAS Update
Ms. Amy Maddrey Hilliard, CPA ( FORVIS, LLP, Apex, NC ),

Learning objectives:
– Summarize recent developments in auditing standards
– Develop a plan to implement SAS changes to upcoming engagements
Content includes updates on the following:
– SAS 142: Audit Evidence
– SAS 143: Auditing Accounting Estimates and Related Disclosures
– SAS 144: Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialist and the Use of Pricing Information Obtained from External Information Sources
– SAS 145: Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement
– SAS 146: Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
– SAS 147: Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations

Field of Study: Auditing

Monday, November 14, 2022 (2:45 pm–3:35 pm ET)

3D: Succession Planning
Mr. Bradley W. Barbour, CPA ( The Association of International Certified Professional Accountants, Raleigh, NC ), Ms. Kari Louise Hipsak, CPA, CGMA ( The Association of International Certified Professional Accountants, Durham, NC ),

Plan for your firm’s legacy by preparing, or re-evaluating, a succession plan. It’s time to set your work on your clients’ business strategies aside and focus on your firm’s long-term needs. Let’s dig into a variety of key concepts related to succession planning including:
– The benefits of a succession plan
– An exploration succession trends
– Tips for a successful succession transition

Field of Study: Personal Development

Monday, November 14, 2022 (3:45 pm–4:35 pm ET)

4A: Nexus (Income Tax/Remote Workers)
Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

This session will include discussions of:
• Economic nexus
• Public Law 86-272 and its erosion
• Remote workers and nexus
• Nowhere sales

Field of Study: Taxes

Monday, November 14, 2022 (3:45 pm–4:35 pm ET)

4B: More Excel Tips & Tricks
Ms. Holly Sullenger, PhD ( Cary, NC ),

Excel knowledge is something employers expect their employees to have. However, most Excel users know just enough to be dangerous! How many times have you learned an Excel feature a day too late? How many times have you worked hours on a worksheet only to find out you could have done the same activity in 5 minutes or less?

Excel has so many features that most users are unaware of. These features can help us work smarter in Excel – and save a ton of time. This interactive seminar is designed to showcase just a few of the many Excel shortcuts that can improve our efficiency, and our attitude, when working in Excel.

Field of Study: Computer Software & Applications

Monday, November 14, 2022 (3:45 pm–4:35 pm ET)

4C: Current Expected Credit Losses (CECL)
Mr. Matthew Jordan Miller, CPA ( FORVIS, LLP, High Point, NC ),

The new CECL standard has been adopted by many public companies in recent years. However, many companies have not yet adopted the standard, may still be early in their implementation efforts, and may be unsure if or how CECL will impact them. During this industry agnostic CECL session, we will revisit what is changing with the adoption of CECL, adoption dates, in-scope vs. out-of-scope instruments, amongst other CECL topics.

Field of Study: Accounting

Monday, November 14, 2022 (3:45 pm–4:35 pm ET)

4D: CETC Panel - Top Tech Trends to Watch
Mr. Alex Lehmann, CPA ( MPCompany LLP, Raleigh, NC ),

Join members from NCACPA’s Innovation & Emerging Trends Resource Group as they share trends and observations in the areas of current and emerging technologies, thoughts on creating a culture of innovation and other hot topics in this area. Members of this panel will represent various perspective ranging from practitioner, innovator and consultant.

Field of Study: Information Technology

Tuesday, November 15, 2022 (8:05 am–9:20 am ET)

General #4: NC Economic Update
Dr. Michael L. Walden, PhD ( Raleigh, NC ),

Recession or no recession? That is today’s big economic question. The session will examine how the economy got to where it is, and how the issues of inflation and labor can be addressed. Forecasts for the economy in 2023 will be presented, along with how those forecasts can be influenced by policies. The session will conclude with a look at how the pandemic and its aftermath is shaping the future economy.

Field of Study: Economics

Tuesday, November 15, 2022 (9:30 am–10:35 am ET)

General #5: Professional Issues Update
Mr. Robert Joseph Broome, CAE ( NCACPA, Raleigh, NC ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mr. Jose Ramon Rodriguez, CPA ( Winston-Salem, NC ),

Jose Rodriguez, NCACPA Board Chair; Sharon Bryson, CEO of NCACPA; and Robert Broome, NCACPA Director of Advocacy, bring participants an interactive and informative session on the latest, major issues affecting the profession and business climate at the state, national, and international levels. Insights will be shared on:

* Activities of standard setters and regulators in Congress and the NC General Assembly
* Trends that stand to affect you, your organization, and your clients
* Latest actions taken by the NC State Board of CPA Examiners

Field of Study: Personal Development

Tuesday, November 15, 2022 (10:45 am–11:45 am ET)

General #6: Replacing the Annual Performance Ritual
Ronald J. Baker, CPA ( Morrisville, NC ),

Most organizations and employees are dissatisfied with the performance appraisal process, so it remains a curiosity why this methodology continues to exist. Performance appraisals don’t drive careers; they are an incidental effect of other dynamic systems. In essence, appraisals are the paper-shuffling ritual that sanctifies decisions already made.

Field of Study: Personnel/Human Resources

Tuesday, November 15, 2022 (12:45 pm–1:35 pm ET)

5A: Implementing Value Pricing in Your Firm
Ronald J. Baker, CPA ( Morrisville, NC ),

Understanding how people make buying decisions is a key component to any successful pricing strategy. By grasping the concepts of how consumers are influenced you can be better equipped to price successfully and increase your profitability. This course will provide a look at behavioral economics, marketing strategy, and customer psychology, and how these principles should be applied to pricing.

Based on Ron Baker’s best-selling book Implementing Value Pricing: A Radical Business Model for Professional Firms, published by John Wiley & Sons, Inc, we will confront the conventional wisdom embodied in the old CPA firm business model, which states the way to success is by leveraging people and hours, or “We sell time.”

Learning Objectives
• Understand the First and Second Law of pricing and how they influence your pricing decisions
• Learn how the anchoring and framing effects influence pricing
• Comprehend what and how people buy
• Learn the importance of price psychology and emotions

Field of Study: Business Management & Organization

Tuesday, November 15, 2022 (12:45 pm–1:35 pm ET)

5B: How Data Analytics is Disrupting the CPA Profession
Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ),

Data analytics is transforming the work of the CPA. It brings efficiency and effectiveness to the CPA in industry and public practice. The CPA needs to use data analytics to better understand the business and how to link it to strategy.

In this session, we’ll provide an overview of data connection, data transformation (often called automation) and data visualization, and discuss how these areas can be used in businesses.

Field of Study: Business Management & Organization

Tuesday, November 15, 2022 (12:45 pm–1:35 pm ET)

5C: Risk Assessment
Michael Peter Manspeaker, CPA ( Coastal Peer Review, Inc., Hagerstown, MD ),

Risk Assessment will discuss SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement focusing on the reasons for the new standard and the significant changes from the extant standard. We will also look at common risk assessment issues as identified by peer review.

Field of Study: Auditing

Tuesday, November 15, 2022 (12:45 pm–1:35 pm ET)

5D: Do's & Don'ts of Virtual Presentations
Marcey Rader ( Work Well. Play More!, Raleigh, NC ),

Worried about keeping your team engaged on endless video calls?
Are folks lost, communicating across a million different channels?
Do you wonder if they’re working too little or too much?

Managing remotely can feel like a recipe for burnout for both you and your team. It doesn’t have to be that way. Though everyone handles working from home differently, there are strategies to foster team collaboration virtually. You can respectfully manage your remote employees without sacrificing your own time, health, or productivity.

Lead from where you are and engage your team to work well together!

Field of Study: Personal Development

Tuesday, November 15, 2022 (1:45 pm–2:35 pm ET)

6A: K2 - QuickBooks
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

QuickBooks is an extremely powerful product with features and capabilities of which many users are either not aware or do not know how to utilize effectively. This session will provide an overview of how Intuit has changed its product offerings over the last few years, highlighting key new subscription plans, new and revised features, and other important information. We will also review some add-on tools which are helpful when working with this leading small business application.

Learning Objectives:
• List two major differences between desktop and online versions of QuickBooks
• Explain the purpose of the Undeposited Funds account
• List at least two new features in QuickBooks Online

Field of Study: Computer Software & Applications

Tuesday, November 15, 2022 (1:45 pm–2:35 pm ET)

6B: Reinventing the Finance Role in a Digital World
Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ),

Imagine a day in the life of a controller in the year 2030. How will the finance function be transformed?

The future for the CPA profession looks amazing as robotic process automation, data analytics and artificial intelligence will free up time for the CPA to do analysis and be a strategic thinker.

This session presents the core principles to building a world-class finance function. It all starts with a digital mindset.

Field of Study: Finance

Tuesday, November 15, 2022 (1:45 pm–2:35 pm ET)

6C: SSARs Update
Michael Peter Manspeaker, CPA ( Coastal Peer Review, Inc., Hagerstown, MD ),

SSARs Update will include a discussion of recent SSARs standards No. 25 and 26, with a focus on Quality Management in a SSARs engagement and the performance of SSARs Review engagements. We will also review the current ARSC agenda and what is on the horizon.

Field of Study: Auditing

Tuesday, November 15, 2022 (1:45 pm–2:35 pm ET)

6D: Bankruptcy Tax Issues
Mr. Charles M. Ivey, III ( Ivey, McClellan, Gatton, & Talcott, LLP, Greensboro, NC ), Dirk Siegmund ( Ivey, McClellan, Gatton & Talcott, LLP, Greensboro, NC ),

Some of the highlights and topics of this session include:
• Introduction to Tax Compliance and Bankruptcy
• What are the Tax Return Requirements upon Filing
• Who is the Taxpayer and the Applicable Tax Year
• Common Income Deductions and Credits for the Bankruptcy Estate
• How can Bankruptcy Help Deal with Unpaid Tax Debts
• Fixing Unpaid Tax Problems within Bankruptcy

Field of Study: Taxes

Tuesday, November 15, 2022 (2:45 pm–3:35 pm ET)

7A: K2 - Tales of True Tech Crimes Ripped from the Headlines
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

We’re all familiar with the headlines describing how criminals use new and creative approaches to commit their crimes. But what you may not know is that these same criminal elements also target accounting professionals. Unfortunately, accountants are one of the most targeted groups on the Internet!
In this session, you will learn how high-profile failures occurred due to control malfunctions. In turn, hackers gained full reign over entire networks that contained sensitive information such as financial data stored online. Attend this session so you can be more effective at preventing crimes such as theft, malware, ransomware, phishing, and hacking.

Learning Objectives:
• List at least two major security incidents reported in the headlines in the last year and explain at least one primary control design or operation flaws that allowed the hack to occur
• Select the correct definitions from a list of standard security terms such as attack surface, vulnerability, exploit, social engineering, phishing, malware, heuristics, biometrics, and multi-factor authentication
• List at least two best practices learned because of reviewing the incidents cited in the case studies

Field of Study: Computer Software & Applications

Tuesday, November 15, 2022 (2:45 pm–3:35 pm ET)

7B: Basics of Crypto
Ms. Louise Warwick Reed ( Louise W. Reed, CPA, PC, Richmond, VA ),

In this session, Louise will explain current key phrases like hashing, smart contracts, and triple entry accounting. Using those definitions, she will then describe an ecosystem that has grown from the initial bitcoin concept: Polkadot, a global city-like infrastructure with parachains. The over-arching goal of this talk is to help the attendees have some context to process the extreme media stories that seem to oscillate between Ponzi scheme and FOMO.

Field of Study: Specialized Knowledge

Tuesday, November 15, 2022 (2:45 pm–3:35 pm ET)

7C: NC Sales Tax Update
Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ),

This session will review recent North Carolina tax developments, including significant court cases, decisions of the Office of Administrative Hearings, private letter rulings, statutory and regulatory developments, and changes in tax administration.

Field of Study: Taxes

Tuesday, November 15, 2022 (2:45 pm–3:35 pm ET)

7D: Panel - The Journey to Partner
Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mr. Kelly Daniel Puryear ( TRP Sumner PLLC, Fayetteville, NC ), Ms. Deetra B. Watson, CPA, CGMA ( Blackman & Sloop, CPAs, PA, Chapel Hill, NC ),

By popular demand, we are following up on last year’s popular succession planning session to focus on the journey to partner. The assembled panelists represent include two partners, one of whom has groomed others on their journey to partner, as well as a panelist who was mentored by a firm leader and is now tasked with leading and coaching the next generation. Join Sharon Bryson and our panelists as they share popular trends in the profession on how small and mid-sized firms are developing their next leaders as a form of succession planning.

Field of Study: Personal Development

Tuesday, November 15, 2022 (3:45 pm–4:35 pm ET)

8A: K2 - The Must-Have Technology Stack
Mr. Brian Tankersley, CPA, CITP, CGMA ( K2 Enterprises, Hammond, LA ),

As applications migrate from on-premises software to online platforms, it becomes more critical that accounting professionals identify and deploy tools which make their work more effective. Unfortunately, integrating these cloud-based platforms requires third-party services and some configuration. This session will discuss major small business platforms (accounting, CRM, etc.) as well as provide an overview of digital plumbing tools which integrate data between these platforms.

Learning Objectives:
• List at least two major web-based accounting and/or CRM platforms
• Explain the difference in a no-code and a pro-code integration solution
• List at least two major application integration (digital plumbing) toolkits

Field of Study: Information Technology

Tuesday, November 15, 2022 (3:45 pm–4:35 pm ET)

8B: Tax Issues of Crypto Currency
Ms. Louise Warwick Reed ( Louise W. Reed, CPA, PC, Richmond, VA ),

Louise can explain the taxation of cryptocurrency in thirty seconds. After doing so, she will discuss the more difficult task of keeping up with innovation and compliance and what that means in terms of reasonable expectations for clients. The second half of the session will include an opportunity for the audience to share their own professional experiences, thoughts, and perspectives in response to industry-related prompts.

Field of Study: Taxes

Tuesday, November 15, 2022 (3:45 pm–4:35 pm ET)

8C: The Future of Health & Welfare Benefits: Insights for Informed Action
Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ),

Economic disruption has sparked a future of greater innovation that will permanently remake total rewards and healthcare delivery. With expectations for growth and increasing competition for talent, leaders have laser-focused their attention on maximizing benefits, policies and programs to improve the employee experience. Access to meaningful physical and emotional well-being benefits is central not only to the quality of the employee experience, but also organizational performance outcomes.

As you look to optimize your investments to support diverse workforce needs, base your total rewards strategies on benchmarking data captured from Gallagher’s Benefits Strategy & Benchmarking Survey. From broad insights to specific findings, attendees will gain a practical perspective on best practices to help face the future of benefits with confidence.

Field of Study: Personnel/Human Resources

Tuesday, November 15, 2022 (3:45 pm–4:35 pm ET)

8D: Panel - NC State Board of CPAs
Ms. Bernita Whitaker Demery, CPA ( City of Greenville, Harrisburg, NC ), Mr. Gary R. Massey ( NC State Board of CPA Examiners, Emerald Isle, NC ), Mr. David R. Nance, CPA ( NC State Board of CPA Examiners, Raleigh, NC ), Ms. Lynne Sanders ( NC State Board of CPA Examiners, Cary, NC ), Mr. Frank Trainor, JD ( NC State Board of CPA Examiners, Raleigh, NC ), Jennifer Van Zant, Partner ( Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, Greensboro, NC ),

The Board presentation will speak to current topics ongoing in the profession and impacting NC licensees and exam candidates. Topics of discussion will include the Board’s strategic efforts around Board operations; Proposed Board Rule changes; the Accounting Education Task Force; the Retired Status Task Force; impact of CPA Evolution; and a general Question & Answer session to allow for conversation between conference attendees and the Board members.

Field of Study: Personal Development

Wednesday, November 16, 2022 (8:05 am–8:55 am ET)

9A: Sales and Leaseback
Mike Cheng, CPA ( Frazier & Deeter, LLC, Atlanta, GA ),

Join Mike Cheng for an overview of the sale and leaseback model from a seller-lessee perspective under Subtopic ASC 842-40

Field of Study: Auditing

Wednesday, November 16, 2022 (8:05 am–8:55 am ET)

9B: 2022 Professional Conduct & Ethics
Mr. William Hunter Cook, CPA ( Charlotte, NC ),

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 provide the foundation for examining the standards of ethical conduct. These 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 activity fulfills the state board’s annual minimum 50-minute ethics CPE requirement. The 50-minute ethics activity is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the NC 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.

Field of Study: Regulatory Ethics

Wednesday, November 16, 2022 (8:05 am–8:55 am ET)

9C: Creating a Strategic Playbook for Effective Negotiations
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

Your ability to negotiate and apply influence are critical to being successful, both personally and professionally. From communication with your co-workers, to reconciling competing interests across departments, to structuring agreements with your clients and customers, this session will provide you with key techniques to arrive at the best outcomes. If used correctly, they can aid in building better relationships, delivering solutions that are not only effective but also long-lasting, as well as helping you avoid future conflicts.

Successful negotiation creates the credibility and leverage necessary for more opportunities, bigger and better deals, and more satisfied counterparts. In this session you will delve into a deeper understanding of the strategic and psychological dynamics of negotiation. You will learn about using various negotiation tactics as well as how to defuse them through building respect, mutuality, and reciprocity in the entire negotiation process.

Topics covered in this session will include:

1. Recognizing the connections between relationships and negotiation strategies
2. Learning how to negotiate with highly competitive people
3. Understanding the power of tactics
4. Recognizing the importance of tone and delivery according to situations
5. Growing your leadership presence by improving your ability to persuade others

Field of Study: Personal Development

Wednesday, November 16, 2022 (8:05 am–8:55 am ET)

9D: Medicare, Social Security and Retirement
Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ),

Are you ready? Are you prepared to:

o Manage rising healthcare costs within the complexity of Medicare?
o Maximize Social Security benefits as a part of overall retirement income planning?
o Navigate new systems to avoid restrictions and lifetime penalties?

Most pre-retirees are overwhelmed, unprepared and ill-informed. Join financial advisor and retirement specialist, Paula McMillan, CFP, CPA, PFS, CGMA, for an engaging session to help you understand the opportunities and pitfalls in planning for your successful retirement. Paula will help you answer these questions and more:

• When should I enroll in Medicare to receive the greatest benefit and avoid penalties?
• Which is better for me – Traditional Medicare or Medicare Advantage – in managing coverage and rising costs?
• What do I need to know about long-term care?
• What should I consider in determining when to claim my Social Security benefits?
• How much Social Security income can I expect to receive?
• How can I maximize my Social Security benefits as part of an overall retirement income strategy?

Field of Study: Specialized Knowledge

Wednesday, November 16, 2022 (9:05 am–10:20 am ET)

10A: FASB Update
Mike Cheng, CPA ( Frazier & Deeter, LLC, Atlanta, GA ),

Join Mike Cheng for a plain English discussion about recent and pertinent technical accounting matters that may affect private companies reporting under US GAAP (FASB).

Field of Study: Auditing

Wednesday, November 16, 2022 (9:05 am–10:20 am ET)

10B: Real Cases in Ethics
Mr. William Hunter Cook, CPA ( Charlotte, NC ),

Real Cases in Ethics will cover why we fail to do what’s right and provide ideas on what to do about that. Also, we will discuss new and proposed updates to the NC Board rules and the AICPA Code of Professional Conduct. The Behavioral Ethics session will summarize real cases that came before the NC Board. Participants will be asked to render their own decisions based on evidence presented.

Field of Study: Behavioral Ethics

Wednesday, November 16, 2022 (9:05 am–10:20 am ET)

10C: Cybersecurity Plans
Javier Young ( CLA Charlotte, Charlotte, NC ),

Overview:
The last few years have provided significant learning opportunities related to the current cybersecurity landscape. We have been educated on the many cyber threats that are out there, and we now have a better understanding of why we should be proactive in mitigating cyber risks. However, we need to know what is practical/affordable to actually do. This session will explore a practical approach to creating and/or maturing a cybersecurity program at any organization.

Learning Objectives:
• Develop a framework of knowledge to plan for future security efforts
• Learn where organizations can focus valuable risk mitigation resources
• Understand the importance of business continuity planning
• Recognize the components of the incident response process
• Understand risks associated with outsourcing as well as commercial off-the-shelf (COTS) products

Field of Study: Specialized Knowledge

Wednesday, November 16, 2022 (9:05 am–10:20 am ET)

10D: Money Creation: The Fed, Central Banking and our Economy
Mr. Dale Kenneth Cline, CPA ( Dale K. Cline, CPA, PLLC, Hickory, NC ),

In this session, Dale K. Cline, CPA will give you a better understanding of the treasury, the fed, commercial banks, and the economy. How do accounting principles relate to the economy? Can accountants and economists learn from each other? What are bank reserves, and do they affect lending? What do you need to know that they didn’t teach you in college? This session will bring these big concepts to you with real world connections.

Field of Study: Finance

Wednesday, November 16, 2022 (10:30 am–11:45 am ET)

11A: CFO as a Servant Leader - Meeting the Needs of the CEO, Board, Management Team and Key Stakeholders
Mr. James Lindell, CPA, CSP, CGMA, MBA ( Thorsten Consulting Group, Inc., Dousman, WI ),

How does a CFO learn, understand and support key stakeholders of the organization? The foundation of their skillset rests with Servant Leadership. In this session, we will examine the key characteristics of Servant Leadership as it applies to the CFO and learn how to identify and meet the needs of key stakeholders, pitfalls from experience of those who have served.

Field of Study: Business Management & Organization

Wednesday, November 16, 2022 (10:30 am–11:45 am ET)

11B: Strengthening your Talent Pipeline
Becky Drozdz, CCP, SPHR, SHRM-SCP ( Catapult, Charlotte, NC ),

Building an exceptional talent pipeline requires we look at different types of information in new ways. In this session, Becky Drozdz, MBA, CCP, SPHR, SHRM-CP, HR Advisor with Catapult will take a deep dive into how to leverage multiple sets of benchmark data to inform how to structure a strong Total Rewards program that aims to elevate your organization as an “employer choice”. We will discuss how to attract and keep top performers while watching the bottom line

Field of Study: Personnel/Human Resources

Wednesday, November 16, 2022 (10:30 am–11:45 am ET)

11C: Volunteering on a Nonprofit Board
Jeanne C. Tedrow ( NC Center for Nonprofits, Raleigh, NC ), Ms. Michelle Leigh Tracz, CPA, CFE, CGMA ( Michelle Tracz, CPA, CFE, PLLC, Fletcher, NC ), Ms. Deetra B. Watson, CPA, CGMA ( Blackman & Sloop, CPAs, PA, Chapel Hill, NC ),

Have you been asked to be on a nonprofit board of directors? Why might you consider volunteering on a nonprofit board?

Before you join a board, there are questions to ask and answer to better understand your role and responsibilities, and the role of the board itself.

* What will be expected of me?
* What is the makeup of the board and what are the skill sets I can bring?
* What is the financial liability and responsibility of serving on a board of directors?
* What should I expect from board members?

Join us for an informative discussion as panelists share their experiences and expertise.

Field of Study: Personal Development

Wednesday, November 16, 2022 (10:30 am–11:45 am ET)

11D: (NQDC) Comp Plans
Mr. Jeremy Paul Colombik, CPA ( Management Services International, Raleigh, NC ), Richard M. Colombik, JD, CPA ( Management Services International, Raleigh, NC ),

Highlights of this session include:
* Attendees will learn about Non-Qualified Deferred Compensation (NQDC), its uses, and benefits for Business Owner(s) & Key Employee(s).
* Learn differences between an NQDC plans and Qualified Plans
* Attendees will be able to explain NQDC to colleagues and clients.
* Identify situations where Non-Qualified Deferred Compensation Plans would benefit business owners & key employees.

Field of Study: Personnel/Human Resources

Wednesday, November 16, 2022 (12:45 pm–1:45 pm ET)

General #7: The Strategic Leader – Surviving Ambiguity in a Constantly Changing Business Environment
Mr. James Lindell, CPA, CSP, CGMA, MBA ( Thorsten Consulting Group, Inc., Dousman, WI ),

Focusing on current issues will impact profitability. Ignoring Strategic issues can result in business failure. How does a company create a strategic culture that is readily adaptable to change, seeks out opportunities in the chaos, and is aware of the changing business environment and potential impact on the organization? In this session we will explore the long term issues that organizations should be aware of and ways to inculcate visionary thinking.

Field of Study: Personal Development

Wednesday, November 16, 2022 (1:55 pm–3:00 pm ET)

General #8: Bold Approaches for Accounting Diversity
Ms. Kecia Williams Smith, Ph.D CPA ( North Carolina A&T State University-College of Business & Economics, Greensboro, NC ),

This session will provide an overview of the Center for Audit Quality’s Bold Ambition initiative and the related market research on diverse high school and early college students. In addition, the session will discuss the Center for Accounting Diversity’s outreach and engagement efforts in the profession.

Field of Study: Personal Development

Wednesday, November 16, 2022 (3:10 pm–4:25 pm ET)

General #9: Inspector Gadget
David Cieslak, CPA, CITP, CGMA, GSEC ( RKL eSolutions, LLC, Lancaster, PA ),

Technology continues to evolve at an ever-increasing pace – disrupting and transforming virtually all aspects of our personal and professional lives. From AI, 5G and blockchain, to IoT, robotics and EVs, new technology is impacting and revolutionizing virtually every product and service available. Join Inspector Gadget as he explores the very latest technology trends and vendor solutions, along with cutting-edge gear and gadgets. Technology has never been more critical and impactful than it is today. Make certain you have the essential details you need to navigate your next steps.

Field of Study: Information Technology


Share This Event

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

Event Type:Conference
NASBA Instructional Method:Group Live
Event Code:CONSYM22


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Registration Fees

Conference RegistrationEarly BirdRegular
NCACPA Member 3-Day$675.00$725.00
Non-Member 3-Day$775.00$825.00
Monday & Tuesday Conference RegistrationEarly BirdRegular
NCACPA Member Monday & Tuesday$540.00$590.00
Non-Member Monday & Tuesday$640.00$690.00
Monday & Wednesday Conference RegistrationEarly BirdRegular
NCACPA Member Monday & Wednesday$540.00$590.00
Non-Member Monday & Wednesday$640.00$690.00
Monday Only Conference RegistrationEarly BirdRegular
NCACPA Member Monday Only$325.00$375.00
Non-Member Monday Only$425.00$475.00
Tuesday & Wednesday Conference RegistrationEarly BirdRegular
NCACPA Member Tuesday & Wednesday$540.00$590.00
Non-Member Tuesday & Wednesday$640.00$690.00
Tuesday Only Conference RegistrationEarly BirdRegular
NCACPA Member Tuesday Only$325.00$375.00
Non-Member Tuesday Only$425.00$475.00
Wednesday Only Conference RegistrationEarly BirdRegular
NCACPA Member Wednesday Only$325.00$375.00
Non-Member Wednesday Only$425.00$475.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (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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