Summer Vacation Cluster (SVC)
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
Members
$199.00 per session
Non-Members
$125.00 Non-Member add on
After July 3, an additional $55 fee will be applied to the registration fee total.
Overview:
The CPE Event with Vacation in the NameJoin us at Disney’s BoardWalk Resort, August 4-6, 2022 for quality, deep-dive CPE. Hear from nationally known subject matter experts on cutting-edge topics of interest to you. Choose to attend 1 or up to 5 sessions for our annual Summer Vacation Cluster. Each session is 4 hours and full of great content! Major topics including the Changes in Audit Standards, New Developments in Reasonable Compensation and How Code Section 199A - QBI Deductions Impact our Tax Planning, Fraud in the Current Environment, Asset Protection Update, Federal Income Taxes, Discovering the Dynamic World of Data Analytics and AI, and Florida Ethics (4980).
Experience the charm and whimsy of turn-of-the-century Atlantic City at this waterfront Resort hotel. Make a splash at Luna Park Pool and delight in a massage at the state-of-the-art fitness center. Discover carnival games, unique dining and exciting nightlife on the Coney Island-style boardwalk. Strung like saltwater taffy along the shimmering Crescent Lake, Disney’s BoardWalk Inn is located within walking distance to both EPCOT and Disney’s Hollywood Studios.
This conference not only offers a vacation for you and the family, it also offers some of the best speakers and topics available.
Schedule:
Thursday, August 4, 2022
Registration & Breakfast
Time: Thursday 8:00am - 8:30am
Changes in Audit Standards
Time: Thursday 8:30am - 12:00pm Credits: 4 AA
Steven Morrison, CPA, CFF, Partner-in-Charge, Audit Quality Group, CohnReznick, LLP
Changes are coming to auditing with various new standards including the important concept about what is "audit evidence." This is important for a number of reasons including for Busy Season in early 2023 where many private companies are going to be dealing with various accounting changes including the new lease standard. Learn some of the key concepts in upcoming auditing standards, including the audit evidence standard, and how to proactively get ready from both a practitioner and industry perspective.Presenters:
When 199A & reasonable compensation collide
Time: Thursday 8:30am - 12:00pm Credits: 4 TB
Kevin Cross - Fraud Lecturer, Author, and Counselor at Account 417
What does the qualified business deduction (QBID - IRC 199A) have to do with reasonable compensation at the low end for small S corporations? More than meets the eye.
Learning Objectives:
We will focus on Code Section 199A specifically how it relates to the sweet spot in garnering the maximum qualified business deduction of 20%. This number is impacted by salary and profit. However we will also delve into whether this code section is diamond to be mined and if this now has created now new statutory guidance for the EA to assists their clients in the area of reasonable compensation?
A. We will review the basics of the ratios between salary and net profit.
B. We will calculate the sweet spot to receive the max benefit under the Code.
C. Upon review of the QBI "sweet spot" we will see what it reveals statutorily when determining salary for the small S Corp owner.
D. We will cover the cases that we have always "hung our hats upon" such as Radtke v. US, and our dear friend Watson (David E Watson v. US).
E. We will discuss the possibility of the crumbling of the "Ostrovsky Doctrine" in Watson v Commissioner, 668 F.3d 1008 (2012) where a CPA comrad was decided he did not pay himself reasonable compensation and was taken to the proverbial "Gorky Park" by the IRS general engineer Igor Ostrovsky.
F. We will stand or sit in amazement that an IRC Section that may speak to reasonable compensation for the very first time through Code Section 199A.
Then we Segway to the why? Why is there such a board interpretation by almost every CPA, Lawyer and Enrolled Agent? What does human nature, golf and rationalizing have with Code Section 199A? Perhaps more than we will ever admit.
We will cover in the second half the following:
A. How rationale is akin to fraud.
B. What is fraud and what is fine?
C. Golfers cheat CPA's don't?
D. The anatomy of fraud.
E. In the mind of a fraudster.
F. Solving a true crime.
G. Math test for money (bonus
Presenters:
Break
Time: Thursday 10:00am - 10:30am
Registration
Time: Thursday 1:00pm - 1:30pm
Fraud in the Current Environment
Time: Thursday 1:30pm - 5:00pm Credits: 4 AA
Steven Morrison, CPA, CFF, Partner-in-Charge, Audit Quality Group, CohnReznick, LLP
Professional standards indicate an auditor should maintain professional skepticism throughout the audit, recognizing the possibility that a material misstatement due to fraud could exist and that fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. This session will take a look at various frauds, both new and recurring, that may exist in real-world scenarios and the importance in audits of an attitude that includes a questioning mind.Presenters:
Asset Protection Update
Time: Thursday 1:30pm - 5:00pm Credits: 4 TB
Gary Forster, JD, LLM - Managing Partner at ForsterBoughman
J. Brian Page - Attorney, ForsterBoughman
In this seminar, we provide an asset protection update for 2022. We discuss considerations for entity and trust formation, choosing jurisdictions, choice of governing law and international expatriation and pre-immigration planning. Attendees will learn techniques for strategically structuring assets through LLCs, trusts, titling and applicable exemptions, along with practical discussion on prudent asset protection practices and misconceptions. The discussion will also include a comprehensive tax overview of the practice.
Presenters:
Break
Time: Thursday 3:00pm - 3:30pm
Friday, August 5, 2022
Registration & Breakfast
Time: Friday 8:00am - 8:30am
Building a Better Internal Control Environment: It's More Than Addressing Opportunity
Time: Friday 8:30am - 12:00pm Credits: 3 AA,1 BE
M. Bret Hood - Director - 21st Century Learning & Consulting
When accountants and internal auditors look to build and improve internal control systems, they frequently focus their efforts on minimizing opportunities for theft and malfeasance. However, the latest scientific research shows that there are better ways to proactively influence those who might intentionally or inadvertently step across ethical lines. In this block of instruction, participants will learn how to implement behavioral nudges into internal controls in order to better protect both your organization and the people within.Learning Objectives: After this block of instruction, the participants will be able to:
• Define Moral Equilibrium
• Develop internal controls that address the advantages/disadvantages of moral equilibrium.
• Create mental triggers to avoid the slippery slope of fraud and unethical decisions.
• Develop methods, policies, and procedures to trigger automatic ethical responses in employees.
• Design visual, auditory, and procedural cues that will improve the ethical culture of an organization.
Presenters:
A CPA's Tax Knowledge Will Never Be Complete - The Federal Tax Update for 2022
Time: Friday 8:30am - 12:00pm Credits: 4 TB
Nathan Wadlinger, EA, CPA, JD, LLM, Lecturer of Accounting; Tax Services Staff, University of Central Florida and Thomas Howell Fergusson CPAs
Walt Disney said his parks will never be complete as long as there is imagination. Likewise, a CPA's tax knowledge will never be complete as long as we have the U.S. government! To develop your tax knowledge further we will revisit federal tax events over the last year and even look to the future where some wish for tax dreams to come true!Presenters:
Break
Time: Friday 10:00am - 10:30am
Registration
Time: Friday 1:00pm - 1:30pm
Discovering the Dynamic World of Data Analytics and AI
Time: Friday 1:30pm - 5:00pm Credits: 4 AA
Kathryn Horton, CPA, CMA, CIDA, CFE - President - Kathryn K. Horton CPA, PA.
Unlock and explore the benefits of data analytic technology and artificial intelligence (AI), while learning practical applications for gaining big data insights and new value-added processes. Learn data mining techniques using sample files in real-time, including proximity analysis, visualization, advanced numeric theories and process automation. Explore and learn the basis of AI and the infusion with data analytics for big data analysis, including discussions of current and horizon issues with AI. Understand, through actual demonstration, why advanced data analysis tools are vital to your continued professional success.Presenters:
An Overview of International Tax Issues Relevant to the Tax Professional
Time: Friday 1:30pm - 5:00pm Credits: 4 TB
Shawn Wolf, Esq., Bilzin Sumberg Baena Price & Axelrod
This presentation will provide an overview of topics intended to help the tax professional spot, understand and work with international tax issues. Topics to be covered Include, but may not be limited to: (1) important definitions, such as: (a) what is an income tax resident / non-resident; (b) domestic versus foreign corporations, trusts and estates; and (c) source of income; (2) the U.S. income, estate and gift tax issues tax issues relevant to a non U.S. taxpayer investing in the U.S. (with a focus on real estate); (3) the income tax issues relevant to a U.S. person doing business abroad; (4) planning for assets when a non-U.S. person is moving to the U.S.; (5) planning for inheritances by a U.S. person from a non-U.S. person; and (6) expatriation by a U.S. person. The presenter welcomes discussion and conversation during the presentation, and questions submitted in advance are appreciated and will be addressed to the extent possible in the discussion! The presenter would be happy to stay after the presentation to discuss or cover any issues that are of interest.
Presenters:
Break
Time: Friday 3:00pm - 3:30pm
Saturday, August 6, 2022
Registration & Breakfast
Time: Saturday 8:00am - 8:30am
Ethics: Protecting the Integrity of Florida CPAs (4980)
Time: Saturday 8:30am - 12:00pm Credits: 4 ET
Presenters:
Break
Time: Saturday 10:00am - 10:30am
Objectives:
* Explore Changes in Audit Standards
* Discuss New Developments in Reasonable Compensation and How Code Section 199A-QBI Deduction Impacts our Tax Planning
* Gain insight into Fraud in the Current Environment
* Discover the Dynamic World of Data Analytics and AI
* Receive the Asset Protection Update
Presenters:
-
J. Edward Grossman, CPA, CFE, CMA, CGMA
Ed is a principal with CliftonLarsonAllen having over 30 years of experience in public accounting. Based in Lakeland, Florida, Ed is a member of the firm's National Assurance Technical Group. His primary responsibilities include being a technical resource for the audit and assurance practice and performing quality reviews of assurance and accounting engagements.Practice experience has included...
Read more about J. Edward Grossman here -
Raymond Kevin Cross, CPA, MST, EA
If the old adage "it takes one to know one" has an ounce of truth, then the insights gained from our speaker will hold some valuable lessons for your practice.Just as the FBI utilizes the knowledge of former criminals, this is your opportunity to glean from a convicted fraudster. Thirty years ago he was the mastermind behind a large embezzlement scheme from the Broward County sheriff's...
Read more about Raymond Kevin Cross here -
Kathryn K Horton, CPA, CMA, CIDA, CFE
Kathryn Horton is President of Kathryn Horton CPA PA and is an industry leader in the use of data analytics, specifically using Caseware IDEA. Kathryn was the recipient of the 2017 North America IDEA User of Excellence Award. She was a featured speaker at the 2018 and 2020 National IDEA User Conference and has presented on data analytics to both regional and national audiences, including the 2021...
Read more about Kathryn K Horton here -
Shawn P Wolf, Esq.
Sought out for his reputation as a cultivator of strong, long-term client relationships, Shawn counsels foreign and domestic high net worth individuals, families and closely-held companies wherever they need international and domestic tax, estate planning, and pre-immigration and expatriation planning and strategies. Many of his clients are multi-generational in nature, spanning decades of private...
Read more about Shawn P Wolf here -
Steven Edward Morrison, CPA, CFF
Steven Morrison is a partner and National Director of Audit at CohnReznick, bringing experience as a client service partner, quality control reviewer, and as a standard setter. He has worked with entities in a variety of industries, including automotive dealerships, employee benefit plans, freight forwarding/mail courier, retail, and wholesale/distribution. His experience encompasses effectively...
Read more about Steven Edward Morrison here -
Gary Forster, JD, LLM (Tax)
Gary's practice includes domestic and international corporate law, asset protection, tax, and estate planning. Gary handles a wide variety of corporate and personal planning matters.Gary spent the ?rst decade of his career structuring and closing some of the largest corporate transactions in the region. The mergers and acquisitions Gary consummated range from the national consolidation of...
Read more about Gary Forster here -
J. Brian Page
Brian Page practices in the areas of domestic and international estate planning, domestic and international tax planning, federal and state tax controversy, and probate and trust administration.Brian has extensive experience developing sophisticated estate plans for wealthy individuals and families. These plans are designed to reduce potential tax burdens within the context of each client's...
Read more about J. Brian Page here -
Michael Bret Hood
After serving 25 years as a Special Agent in the FBI, Michael "Bret" Hood became the director of 21st Century Learning & Consulting, LLC upon his retirement in 2016. During his tenure with the FBI, Bret worked many complex financial crime, money laundering, corruption and major cases such as the 9/11 terrorist attack, the HealthSouth fraud and the Maricopa Investments case. Since 2000, Bret has...
Read more about Michael Bret Hood here -
Nathan Leon Wadlinger, CPA, JD, LLM
Nate Wadlinger is a Lecturer at the University of Central Florida where he teaches accounting and tax courses in the Bachelors and Masters of Accountancy programs. He also works part-time in the tax services group of Thomas Howell Ferguson P.A. CPAs. Further, he teaches as an adjunct at various law schools and accounting programs. He also is the Lead Instructor for the EA Exam at Gleim Exam Prep...
Read more about Nathan Leon Wadlinger here
Presenters:
J. Edward Grossman, CPA, CFE, CMA, CGMA
Ed is a principal with CliftonLarsonAllen having over 30 years of experience in public accounting. Based in Lakeland, Florida, Ed is a member of the firm's National Assurance Technical Group. His primary responsibilities include being a technical resource for the audit and assurance practice and performing quality reviews of assurance and accounting engagements.Practice experience has included...Read more about J. Edward Grossman hereRaymond Kevin Cross, CPA, MST, EA
If the old adage "it takes one to know one" has an ounce of truth, then the insights gained from our speaker will hold some valuable lessons for your practice.Just as the FBI utilizes the knowledge of former criminals, this is your opportunity to glean from a convicted fraudster. Thirty years ago he was the mastermind behind a large embezzlement scheme from the Broward County sheriff's...Read more about Raymond Kevin Cross hereKathryn K Horton, CPA, CMA, CIDA, CFE
Kathryn Horton is President of Kathryn Horton CPA PA and is an industry leader in the use of data analytics, specifically using Caseware IDEA. Kathryn was the recipient of the 2017 North America IDEA User of Excellence Award. She was a featured speaker at the 2018 and 2020 National IDEA User Conference and has presented on data analytics to both regional and national audiences, including the 2021...Read more about Kathryn K Horton hereShawn P Wolf, Esq.
Sought out for his reputation as a cultivator of strong, long-term client relationships, Shawn counsels foreign and domestic high net worth individuals, families and closely-held companies wherever they need international and domestic tax, estate planning, and pre-immigration and expatriation planning and strategies. Many of his clients are multi-generational in nature, spanning decades of private...Read more about Shawn P Wolf hereSteven Edward Morrison, CPA, CFF
Steven Morrison is a partner and National Director of Audit at CohnReznick, bringing experience as a client service partner, quality control reviewer, and as a standard setter. He has worked with entities in a variety of industries, including automotive dealerships, employee benefit plans, freight forwarding/mail courier, retail, and wholesale/distribution. His experience encompasses effectively...Read more about Steven Edward Morrison hereGary Forster, JD, LLM (Tax)
Gary's practice includes domestic and international corporate law, asset protection, tax, and estate planning. Gary handles a wide variety of corporate and personal planning matters.Gary spent the ?rst decade of his career structuring and closing some of the largest corporate transactions in the region. The mergers and acquisitions Gary consummated range from the national consolidation of...Read more about Gary Forster hereJ. Brian Page
Brian Page practices in the areas of domestic and international estate planning, domestic and international tax planning, federal and state tax controversy, and probate and trust administration.Brian has extensive experience developing sophisticated estate plans for wealthy individuals and families. These plans are designed to reduce potential tax burdens within the context of each client's...Read more about J. Brian Page hereMichael Bret Hood
After serving 25 years as a Special Agent in the FBI, Michael "Bret" Hood became the director of 21st Century Learning & Consulting, LLC upon his retirement in 2016. During his tenure with the FBI, Bret worked many complex financial crime, money laundering, corruption and major cases such as the 9/11 terrorist attack, the HealthSouth fraud and the Maricopa Investments case. Since 2000, Bret has...Read more about Michael Bret Hood hereNathan Leon Wadlinger, CPA, JD, LLM
Nate Wadlinger is a Lecturer at the University of Central Florida where he teaches accounting and tax courses in the Bachelors and Masters of Accountancy programs. He also works part-time in the tax services group of Thomas Howell Ferguson P.A. CPAs. Further, he teaches as an adjunct at various law schools and accounting programs. He also is the Lead Instructor for the EA Exam at Gleim Exam Prep...Read more about Nathan Leon Wadlinger hereMajor Topics:
Digital Transformation
Cybersecurity
Blockchain
Artificial Intelligence
Federal Taxes
New Auditor's Report
New Review and Compilation Requirements
Independence Changes
Sales Tax
Ethical Behavior
Fraud Risks and Maintaining Professional Skepticism
Enterprise Risk Management
Florida Ethics (4980)
Major Topics:
Digital Transformation
Cybersecurity
Blockchain
Artificial Intelligence
Federal Taxes
New Auditor's Report
New Review and Compilation Requirements
Independence Changes
Sales Tax
Ethical Behavior
Fraud Risks and Maintaining Professional Skepticism
Enterprise Risk Management
Florida Ethics (4980)
Designed For:
CPAs and accounting professionals.Prerequisites:
NoneAccommodations:
Disney's BoardWalk Inn
2101 Epcot Resorts Blvd.
Orlando, Florida 32830
FICPA Room Rate: $279 single/double, per night plus $35 per additional guest
Hotel Cutoff deadline: Monday, July 11, 2022
(Please note that the conference accommodations rate is subject to sell out prior to the advertised reservation cutoff date. Reservations made after the cutoff date will be subject to availability and current room rate)
*** Upon completion of your registration for the conference, you will receive an email confirmation with the hotel link to book your accommodations***