Help  |  Pay an Invoice  |  My Account  |  CPE Log  |  Log in


 23CF-TAXC: MNCPA Tax Conference (TAX23)

November 13-15, 2023  -  Minneapolis, MN and Online

Register

Agenda

Monday, November 13, 2023

8:00 am - 9:00 am

A1. Economic Update: Challenges and Resilience in the Minnesota Economy
Speaker Ronald Wirtz
Field of study Economics - Technical (1)
Description Inflation and labor availability affect every business in today's economy. Get a well-rounded view of Minnesota’s economy, including its strengths and challenges. Discuss the current state of the Minnesota economy, the challenges of the present... Read more »

9:20 am - 10:35 am

B1. Federal Individual Tax Highlights
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting individuals with an emphasis on newly enacted tax legislation, court cases and IRS guidance. Topics will be updated depending on the most recent developments.
B2. Corporate Transparency Act: What CPAs and Our Clients Need to Know
Field of study Taxes - Technical (1.5)
Description Starting in 2024, the Corporate Transparency Act (CTA) requires most corporations, LLCs and other entities to file beneficial ownership reports. Many clients are unaware of these new requirements, so you’ll need to bring the matter to their... Read more »
B3. Transfer Pricing and Managing Global Intangibles
Field of study Taxes - Technical (1.5)
Description Transfer pricing has long been acknowledged as the number one international tax issue multinationals face. Transfer pricing risks include double taxation and non-deductible penalties and interest. Refresh your knowledge of the transfer pricing... Read more »

10:55 am - 12:10 pm

C1. Top Ten Residency Myths and Frequently Asked Questions
Field of study Specialized Knowledge - Technical (1.5)
Description Misconceptions about Minnesota's residency rules continue to circulate throughout snowbird communities, and residency audits continue to rise. Address the top 10 residency myths and answer frequently asked questions about how to change residency.... Read more »
C2. Partnership Hot Topics and Current Developments
Field of study Taxes - Technical (1.5)
Description Discuss pertinent topics affecting partnerships, including recent court cases, regulatory guidance and IRS activity focusing on partnerships. Review what you should know to prepare for the 2023 tax filing season, including new Form 1065 and Schedule... Read more »
C3. SEC. 1031 Under the Final Regulations: Opportunities and Potholes
Field of study Taxes - Technical (1.5)
Description Section 1031 exchanges have undergone major changes under the Tax Cuts and Jobs Act. With the changes in the final regulations, the rules are complex. Gain a big-picture overview of Section 1031 considerations, with real-life examples. Learn how to... Read more »

1:00 pm - 1:50 pm

D1. MN DOR Update
Speaker Paul Marquart
Field of study Taxes - Technical (1)
Description The Minnesota Department of Revenue (MN DOR) has had another busy year. Hear from Commissioner Paul Marquart on the latest happenings. Get an overview of recently passed law changes, review the implementation efforts, and get up to date on the... Read more »
D2. Employee Retention Credit: IRS Enforcement Activity, Potential Liabilities and Risks to CPAs
Field of study Taxes - Technical (1)
Description Even though 2020 and 2021 are in the rearview, the buzz around Employee Retention Credit (ERC) consultants has not waned. They continue to advocate for hefty refunds, often leading employers down a precarious path. Unfortunately, you are left... Read more »
D3. Power BI In Ten Easy Steps
Field of study Computer Software & Applications - Non-Technical (1)
Description If you're ready to get started with Power BI or refine your skills, plan to participate in this session. Learn how to query data into Power BI, create visualizations in your reports, convert those reports to dashboards, optimize for mobile viewing,... Read more »

2:10 pm - 3:25 pm

E1. Being Ethical Is Harder Than You Think
Field of study Behavioral Ethics - Non-Technical (1.5)
Description In this completely interactive exercise, learn how your mind will betray your ethical baselines to achieve personal desires over organizational goals. Understand how you can easily fall victim to the slippery slope of unethical behavior. Assess how... Read more »
E2. Calculating the Proper Outside Basis for S Corporation and Partnership Interest Owners
Field of study Taxes - Technical (1.5)
Description In recent years, there's been a shift in the IRS's approach toward gathering comprehensive basis information for partnerships and S Corporation shareholders. Demystify the intricacies of basis calculation and shed light on viable strategies if you... Read more »
E3. Inflation Reduction Act: Transforming 179D and 45L
Speaker Todd French
Field of study Taxes - Technical (1.5)
Description The passage of the Inflation Reduction Act of 2022 (IRA) has altered and amplified energy-efficient tax incentives for commercial real estate, the 179D deduction and the Section 45L tax credit. Compare the current version of each incentive to the... Read more »

3:45 pm - 5:00 pm

F1. MN Legislative and Professional Update
Field of study Business Management & Organization - Non-Technical (1.5)
Description Dive into the eventful year of 2023 at the Capitol and its impact on the profession. Explore the MNCPA's advocacy efforts, legislative issues affecting you and your clients, and rule changes at the Minnesota Board of Accountancy. Discover... Read more »
F2. Federal Business Tax Highlights
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting businesses, with an emphasis on newly enacted tax legislation, court cases and IRS guidance. Topics will be up to date and timely depending on the most recent developments.
F3. The Anatomy of Sales and Use Case: From Audit to Litigation
Field of study Taxes - Technical (1.5)
Description The Minnesota Department of Revenue is expanding its reach regarding sales and use tax obligations. Knowing the process should make it easier for you to secure more favorable results. Gain an understanding of the ins and outs of a typical sales and... Read more »

5:00 pm - 6:00 pm

X1. Happy Hour

Tuesday, November 14, 2023

8:00 am - 9:25 am

G1. Navigating the Secure Act 2.0
Field of study Taxes - Technical (1.5)
Description The Secure Act 2.0 has brought significant changes to retirement and financial planning, impacting both individuals and businesses. Stay up to date with these legislative changes to effectively advise clients and ensure compliance with the new... Read more »
G2. Choosing and Changing Business Entities
Field of study Taxes - Technical (1.5)
Description Choosing or changing entities has significant tax consequences that might not be recognized by a business or its lawyer. Go back to the basics and refresh your awareness of planning opportunities and pitfalls for clients who are starting a new... Read more »
G3. Is Outsourcing the Answer to Your High Turnover Challenges or Shortage of Resources?
Speaker Sekhar Naik
Field of study Personnel/Human Resources - Non-Technical (1.5)
Description The shortage of accountants is here to stay. The Big Four have been using outsourcing for 20 years; without this strategy, you risk losing up to 30% of your business in the coming years. Examine the benefits and risks associated with outsourcing and... Read more »

9:45 am - 10:35 am

H1. Tax Traps for US Persons with Foreign Financial Assets: FBAR and Form 8938 Reporting Requirements
Field of study Taxes - Technical (1)
Description For U.S. persons (citizens, green card holders and U.S. tax residents) there is more to worry about than simply filing your tax return – especially since it is not uncommon for taxpayers to have financial accounts outside of their home country.... Read more »
H2. Cryptocurrency and NFTs: The New Frontier
Field of study Specialized Knowledge - Technical (1)
Description The growing popularity of cryptocurrencies and non-fungible tokens (NFTs) have revolutionized the financial landscape, introducing new challenges and opportunities for both individual taxpayers and businesses. As such, there are new opportunities to... Read more »
H3. New AICPA Tax Ethics Rules
Field of study Regulatory Ethics - Technical (1)
Description Good tax ethics support a good tax practice. Review the AICPA update to the Statements on Standards for Tax Services (SSTS) going into effect on Jan. 1, 2024. Discuss how to manage your tax function, apply IRS Treasury Circular 230 rules and apply... Read more »

10:55 am - 12:10 pm

I1. Federal Individual Tax Highlights (Repeat of B1)
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting individuals with an emphasis on newly enacted tax legislation, court cases and IRS guidance. Topics will be updated depending on the most recent developments.
I2. Mastering the Inflation Reduction Act
Field of study Taxes - Technical (1.5)
Description The Inflation Reduction Act (IRA) has brought about significant changes to the economic and financial landscape, impacting businesses and individual taxpayers alike. Staying abreast of this complex legislation is crucial to provide accurate... Read more »
I3. Cybersecurity and the FTC Safeguards Rule: What You Need to Know to Protect Your Firm
Speaker Kevin Fuller
Field of study Information Technology - Technical (1.5)
Description With the new FTC safeguard rules, protecting client data takes center stage. Examine how new FTC rules affect businesses. Examine how these rules relate to cybersecurity and the best ways to protect yourself and clients. Sponsored by VC3.

1:00 pm - 1:50 pm

J1. Disconnect to Connect: Creating an Engaged Firm Culture One Employee at a Time
Field of study Personal Development - Non-Technical (1)
Description In this age of technology disruption, everything is changing around us. When implementing change in our organization, individual patterns of behavior can show up in ways that prevent the business from making progress and embracing the opportunities... Read more »

2:10 pm - 3:25 pm

K1. Skill Up on Your Social Security Knowledge
Field of study Specialized Knowledge - Technical (1.5)
Description Navigate the many Social Security and retirement options for your clients with help from this session. Advise clients on the full range of Social Security benefits available to them and their family members, including Medicare enrollment. Know how... Read more »
K2. Federal Business Tax Highlights (Repeat of F2)
Field of study Taxes - Technical (1.5)
Description Review various federal income tax laws impacting businesses, with an emphasis on newly enacted tax legislation, court cases and IRS guidance. Topics will be up to date and timely depending on the most recent developments.
K3. Your Greatest Leadership Challenge: A look in the Mirror at Self-Leadership
Field of study Personal Development - Non-Technical (1.5)
Description Leadership skills are becoming more crucial at every level of organizations in all industries. Most leadership development focuses on the leadership of others. The reality: all leadership starts with self-leadership. To lead others well, you must... Read more »

3:45 pm - 5:00 pm

L1. MN Income Tax Update
Field of study Taxes - Technical (1.5)
Description There is a lot going on with Minnesota taxes. Not only did the state enact major legislation in May -- addressing corporate, personal and pass-through income taxes; adopting a retail delivery fee; and imposing a new payroll tax supporting a paid... Read more »
L2. Selling a Business: A Practical Guide to CPAs as Advisers to Business Owners
Speaker Chris Jones
Field of study Specialized Knowledge - Technical (1.5)
Description You are in a unique position to be the trusted long-term strategic adviser to your business owner clients. Every business owner eventually transitions out of their business; help your clients navigate this challenging, yet highly important,... Read more »
L3. Artificial Intelligence for Accounting and Financial Professionals
Field of study Specialized Knowledge - Technical (1.5)
Description Artificial Intelligence (AI) is becoming more commonplace in our world, and harnessing its power can help you become more effective and efficient. Review several new AI-driven tools for bookkeeping, accounts payable, reconciliation, expense... Read more »

12:10 pm - 1:00 pm

X2. GR Luncheon: Licensure Pathways and CPA Pipeline Discussion

Wednesday, November 15, 2023

8:00 am - 9:25 am

M1. Estate, Gift and Trust Planning in a High (Rising?) Interest Rate Environment
Field of study Specialized Knowledge - Technical (1.5)
Description The economy has transitioned from a 15-year low interest rate cycle to a significantly higher interest rate environment. The gift and estate tax planning techniques that were incredibly powerful for your clients may no longer be optimal, but there... Read more »
M2. Cannabis 101 for CPAs: Tax and Accounting Issues You Need to Know
Field of study Taxes - Technical (1.5)
Description
BGM logo

Cannabis is a new, complex... Read more »

M3. How to Increase an Accounting Firm's Capacity
Field of study Business Management & Organization - Non-Technical (1.5)
Description Capacity refers to a firm’s ability to process current work and handle new clients. Outsourcing or offshoring is the most well-known solution, but what else can your firm do? Dive into what has created this capacity problem and how you can maintain... Read more »

9:45 am - 10:35 am

N1. What Do I Do With This 1099-K?
Field of study Taxes - Technical (1)
Description “Help! I received a 1099-K and I have no idea what to do with it!” will be a common concern from clients as reporting requirements shift. Many individuals and businesses transact via PayPal, Square, Venmo and other third-party payment apps, which... Read more »
N2. Unemployment Insurance Tax: How to Manage Your Cost
Speaker Aaron Tell
Field of study Specialized Knowledge - Technical (1)
Description Employers are statutorily obligated to comply with Minnesota Unemployment Insurance (UI) tax. When you understand how the program works, you can avoid unnecessary work and cost, including the amount of unemployment tax paid or reimbursed. Review... Read more »
N3. Examining the Schedule K-1
Field of study Taxes - Technical (1)
Description Tax professionals are at a breaking point – increased disclosures, footnotes, labor challenges, increasing volume of K-1s, unstructured or standardized data. It’s time to find efficient ways to do this work faster. Learn best practices on how to... Read more »

10:55 am - 12:10 pm

O1. HSA Planning: Maximizing Tax-Advantaged Savings for Clients' Health Care Expenses
Field of study Specialized Knowledge - Technical (1.5)
Description Health savings accounts (HSAs) can be a powerful tool for middle-income savers. Gain an understanding around HSA rules, including when individuals and families are eligible to contribute, which expenses are eligible, IRS recordkeeping requirements... Read more »
O2. SALT Upper Midwest Legislative and Administrative Updates
Field of study Taxes - Technical (1.5)
Description Review timely updates from the most recent legislative sessions as well as administrative updates in the upper Midwest as it pertains to sales and use tax, income franchise tax and unclaimed property. Whether your business or clients are in a single... Read more »
O3. Staffing Market Update and How to Navigate the Noise of Recruiting & Retaining Employees
Field of study Personnel/Human Resources - Non-Technical (1.5)
Description Recruitment and retention are top of mind for most firms today, and there are a lot of ideas and opinions floating around the internet. Quiet the noise by building a solid understanding of current market trends in staffing. Gain a fundamental... Read more »

1:00 pm - 2:15 pm

P1. IRAs: What You Need to Know About Contributions, Conversions and Distributions
Field of study Specialized Knowledge - Technical (1.5)
Description Help your clients increase tax savings with IRAs. Get practical guidance on converting traditional IRAs to Roths, including when and how. Gain perspective on identifying clients who should convert IRAs, who should recharacterize IRA contributions... Read more »
P2. The 7 Deadly Ethical Sins of Organizations
Field of study Behavioral Ethics - Non-Technical (1.5)
Description Pride. Greed. Lust. Envy. Gluttony. Wrath. Sloth. Have you ever thought of these "seven deadly sins" in terms of ethics at your firm? Explore seven potential ethical sins in organizations today, from the wrath of disingenuous leaders to the lust of... Read more »
P3. Safeguarding Taxpayer Data: A Guide For Your Required Security Plan
Field of study Specialized Knowledge - Technical (1.5)
Description Combatting today’s cybercriminals takes all of us working together. The IRS works with state tax agencies and the tax industry to fight these 21st-century identity thieves. Learn how to fulfill your obligations under Publication 1345, Handbook for... Read more »

2:35 pm - 3:50 pm

Q1. MN Income Tax Update (Repeat of L1)
Field of study Taxes - Technical (1.5)
Description There is a lot going on with Minnesota taxes. Not only did the state enact major legislation in May -- addressing corporate, personal and pass-through income taxes; adopting a retail delivery fee; and imposing a new payroll tax supporting a paid... Read more »
Q2. Remote Seller Sales Tax Update
Field of study Taxes - Technical (1.5)
Description Sales tax is constantly evolving, and a basic understanding of sales tax strategy is more important than ever. Look at the major changes in the sales tax world for remote sellers since Wayfair in 2018. Review the definitions of nexus, economic nexus... Read more »
Q3. Technology Update
Field of study Specialized Knowledge - Technical (1.5)
Description What are your best technology choices, and how do you keep up? Get insights, options and recommendations to help you decide which technologies will affect your business and which will give you a competitive edge. Review emerging and evolving tech... Read more »

4:10 pm - 5:00 pm

R1. Top Gun Success: Fighter Pilot Precision for CPAs
Speaker Ed Rush
Field of study Personnel/Human Resources - Non-Technical (1)
Description Learn three keys to speed and success as a leader, garnered from a fighter pilot with a 13-year Marine Corps career. Dig into principles for getting more done in less time with less waste, thereby increasing productivity and decreasing error. Look... Read more »
view cart

Search CPE catalog

Event code
Keyword

Advanced search
View all CPE programs

Conference management team

Lynn Kletscher
Director of Education
952-885-5513

Deb Griffith
Conference Coordinator
952-885-5509

Leslie Mueller
Exhibitors & Sponsors
952-885-5520

Conference sponsorships

Reach CPAs by becoming a sponsor
Strengthen your brand recognition with a targeted buyer group – CPAs and accounting professionals. You'll interact one-on-one with informed, affluent customers.