I Sessions
Tuesday, November 17,
10:35 - 11:50 a.m.
I1. The Perfect Storm: Estate and Charitable Planning in a Time of Low Interest Rates
Speaker(s): Robert Keebler
NASBA field of study: Specialized Knowledge - Technical (1.5)
Interest rates for many estate planning tactics are at an all-time low for transactions executed in 2020 and 2021. See why now is the time to take advantage of certain estate planning strategies and gain guidance on which tactics work well in this environment. Learn how a grantor retained annuity trust works and how low interest rates affect it. Walk through the steps to fund an installment sale to an intentionally defective grantor trust (IDGT). Gain guidance on self-cancelling installment notes (SCINs), "burn" SCINs and private annuity sales. Learn how to decide which technique makes the most sense, which federal rates to use, how to balance and maximize your strategies and how to communicate the options to clients. Come away with step-by-step guidance and planning strategies that save taxes for your clients.
I2. Federal Business Tax Highlights: Keeping Up With COVID-19 Business Tax Changes (Repeat of C2)
Speaker(s): Paul Neiffer
NASBA field of study: Taxes - Technical (1.5)
COVID-19 sparked major business tax law developments in a short period of time. Take a step back and review the major changes to ensure you're up to date. Learn how to take advantage of the important business tax changes brought about by the Coronavirus Aid, Relief and Economic Security (CARES) Act and other COVID-19 stimulus measures. Explore opportunities related to net operating loss (NOL) provisions, business interest limitation adjustments, various incentive tax credits and Paycheck Protection Program (PPP) loan forgiveness. See how all these changes affect business tax returns and learn how you may need to shift your planning strategies in response to these new developments.
I3. Aligning to Advisory Services: Your Firm's Next Step
Speaker(s): Will Hill
NASBA field of study: Business Management & Organization - Non-Technical (1.5)
While most firms offer advisory services, the majority see them come out of compliance services. But the needs and demands of clients are changing. The key to success now is to invert your relationships to start with advisory services so compliance work can grow from there. Explore a framework for successfully aligning your firm's client relationships around advisory services. Examine the components needed to get there, including scope agreements, best practices, having the right conversations and monetizing your services. Gain guidance on how to make the journey to advisory services, focus on the vision and make the right adjustments at the right time.
This session is sponsored by Thomson Reuters.