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83rd Annual Symposium (Live Streaming Webcast)

8:00 am–4:45 pm ET

# of CPE Credits

24

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.
 
 

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

Evolution of the Profession, Federal Tax Updates, NC Economics and Tax Updates, Cyber Security and Technology Updates

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mike Cheng, CPA ( Frazier & Deeter, LLC, Atlanta, GA ), Mr. William Hunter Cook, CPA ( Charlotte, NC ), Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ), Becky Drozdz, CCP, SPHR, SHRM-SCP ( Catapult, Charlotte, NC ), Jon Kirchoff, Speaker ( East Carolina University, Greenville, NC ), Mr. James Lindell, CPA, CSP, CGMA, MBA ( Thorsten Consulting Group, Inc., Dousman, WI ), Ms. Louise Warwick Reed ( Louise W. Reed, CPA, PC, Richmond, VA ), Mr. Jose Ramon Rodriguez, CPA ( Winston-Salem, NC ), Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Dr. Kecia Williams Smith ( 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 ), Marcy Twete ( Marcy Twete Consulting, Minneapolis, MN ), Javier Young ( CLA Charlotte, Charlotte, NC ), David Cieslak, CPA, CITP, CGMA, GSEC ( RKL eSolutions, LLC, Lancaster, PA ), Ronald J. Baker, CPA ( Morrisville, NC ), Mr. Robert Joseph Broome, CAE ( NCACPA, Raleigh, NC ), Mr. Gene Marks, CPA ( The Marks Group PC, Bala Cynwyd, PA ), Dr. Michael L. Walden, PhD ( Raleigh, NC ), Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

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?

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.

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.

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 (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!

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 (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: Social Environment of Business

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 earned 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

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.

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

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.

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 (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.

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: Information Technology

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.

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

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: Accounting

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 (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).

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 (10:30 am–11:45 am ET)

11A: CFO as 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 (12:45 pm–1:45 pm ET)

General #7: The Strategic Leader - Surviving Ambiguity in a Constantly Changing Business Environment
Javier Young ( CLA Charlotte, Charlotte, NC ),

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.

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

General #8: Bold Approaches for Accounting Diversity
Dr. Kecia Williams Smith ( 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.

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.


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Behavioral Ethics, Business Management & Organization, Computer Software & Applications, Economics, Information Technology, Personnel/Human Resources, Regulatory Ethics, Social Environment of Business, Taxes
Level: Overview

Event Type:Conference
NASBA Instructional Method:Group Live
Event Code:WCNSYM22

Registration Fees

3-Day Conference RegistrationEarly BirdRegular
NCACPA Member 3-DayN/A$675.00
Non-Member 3-DayN/A$775.00
Monday & Tuesday Conference RegistrationEarly BirdRegular
NCACPA Member Monday & TuesdayN/A$540.00
Non-Member Monday & TuesdayN/A$640.00
Monday & Wednesday Conference RegistrationEarly BirdRegular
NCACPA Member Monday & WednesdayN/A$540.00
Non-Member Monday & WednesdayN/A$640.00
Monday Only Conference RegistrationEarly BirdRegular
NCACPA Member Monday OnlyN/A$325.00
Non-Member Monday OnlyN/A$425.00
Tuesday & Wednesday Conference RegistrationEarly BirdRegular
NCACPA Member Tuesday & WednesdayN/A$540.00
Non-Member Tuesday & WednesdayN/A$640.00
Tuesday Only Conference RegistrationEarly BirdRegular
NCACPA Member Tuesday OnlyN/A$325.00
Non-Member Tuesday OnlyN/A$425.00
Wednesday Only Conference RegistrationEarly BirdRegular
NCACPA Member Wednesday OnlyN/A$325.00
Non-Member Wednesday OnlyN/A$425.00
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