G Sessions
Tuesday, November 14,
8 - 9:25 a.m.
G1. Navigating the Secure Act 2.0
Speaker(s): Susan Smith
NASBA field of study: Taxes - Technical (1.5)
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 regulations. Get a meaningful overview of the Secure Act 2.0, its implications and how to navigate the complexities of the updated legislation as it relates to IRAs, employer-sponsored retirement plans, new retirement savings options, compliance and reporting requirements, challenges and uncertainties.
G2. Choosing and Changing Business Entities
Speaker(s): Mark Sellner
NASBA field of study: Taxes - Technical (1.5)
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 business or restructuring an existing business. Identify and analyze tax issues and opportunities for sole proprietorships, single member LLCs, partnerships, multi-member LLCs, S Corporations and C Corporations.
G3. Is Outsourcing the Answer to Your High Turnover Challenges or Shortage of Resources?
Speaker(s): Sekhar Naik
NASBA field of study: Personnel/Human Resources - Non-Technical (1.5)
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 explore different models of outsourcing that can help you solve your challenges with turnover and staff resources.
Sponsored by Accsurant.
G4. Young Professionals 1040 Case Study (Part 1)
Speaker(s): J. Patrick Garverick
NASBA field of study: Taxes - Technical (1.5)
Dig into the basics of individual taxation, including ordinary versus long-term capital gain tax rates, loss limitations, passive activities and the QBI deduction while reviewing and discussing a completed Form 1040. Also, work through how the Form 1120S Schedule K-1 and Form 1065 Schedule K-1 amounts are reported on the Form 1040 related schedules. This is an interactive session with open discussion and answers to your questions. This session is part of the TAX23 Young Professionals Track.