MNCPA Tax Conference

G Sessions

Tuesday, November 19,
8 - 8:55 a.m.

G1. Principles and Considerations for Nonresident Withholding, Composite Payments and Passthrough Entity Taxes

Speaker(s): Susan Smith
NASBA field of study: Taxes - Technical (1)

Navigating the complexities of tax obligations for nonresident individuals and entities requires a nuanced understanding of withholding requirements, composite payments and passthrough entity taxes. Delve into the fundamental principles and considerations essential for tax professionals advising on these critical issues. Through case studies, learn how to provide expert guidance and compliance strategies to clients with multistate business activities.

G2. How Well Are Business Owners Preparing for Succession and Transition?

Speaker(s): Michael Darger
NASBA field of study: Specialized Knowledge - Technical (1)

Our survey of Minnesota owners found moderate levels of personal and business readiness for transferring their businesses. The research indicates that accountants are arguably the most important advisers, but they are not sufficient by themselves. This session reveals fresh research findings on owner readiness, attitudes and preparedness activities for the succession and transition of their businesses. Explore the role of accountants and other key advisers in guiding successful transition planning, helping both owners and trusted business advisers to understand the state of business succession and transition planning.

G3. Manufacturing Success: Specialty Tax Incentives for the M&D Industries

Speaker(s): Todd French
NASBA field of study: Taxes - Technical (1)

A variety of specialty tax incentives provide benefits to manufacturers and distributors. The size and specialization of their facilities make them excellent candidates for real-estate-based incentives like cost segregation and the EPAct 179D deduction. Manufacturers claim the lion’s share of R&D tax credits annually. The R&D tax credit rewards companies that create or improve products or processes – precisely the type of innovation that occurs daily in the manufacturing industry. Learn with real-world examples about the potential incentive opportunities for your manufacturing and distribution clients.

G4. K2's Excel Part 1

Speaker(s): Tommy Stephens
NASBA field of study: Computer Software & Applications - Non-Technical (1)

Excel is one of the most-used applications by accounting, tax and financial professionals. But, too often, it's not used well. Learn to take full advantage of Excel to work more efficiently and accurately. Discover many of the newer features in Excel, including using XLOOKUP as an alternative to VLOOKUP, manipulating text with new functions and the new scripting tool. Explore best practices in applying formatting to your spreadsheets, reviewing and verifying outputs, and -- Excel’s best feature – PivotTables.