N Sessions
Wednesday, November 19,
9:40 - 10:30 a.m.
N1. College Planning Disrupted: Need-to-Know Changes From the One Big Beautiful Bill
Speaker(s): Cozy Wittman
NASBA field of study: Specialized Knowledge - Technical (1)
The One Big Beautiful Bill Act (OBBBA) has significantly reshaped college planning and will require new strategies for parents and grandparents. Student loan and parent loan rules for both undergrad and grad students have changed, 529 Plans have been expanded and financial aid families receive from colleges will be affected. We will explain the myriad of changes and what advisors need to know to navigate the new college planning landscape with their clients.
N2. Self-Employment Taxes for Partners: Are All Partners Tested Under a Functional Analysis
Speaker(s): Edward Zollars
NASBA field of study: Taxes - Technical (1)
The IRS in recent cases has taken the functional analysis test for self-employment income the Tax Court determined applied to check the box entities electing partnership treatment in "Renkemeyer, Campbell & Weaver, LLP", 136 T.C. 137 (2011), applying it to state law limited partnerships. Explore current developments on key cases in this area ("Soroban Capital Partners, LP, Sirius Solutions LLLP", and "Denham Capital"), what the functional test is, the practical steps to apply it, and how developments in this area could impact your partnership clients.
N3. The 40-Hour Firm: From Deadline Stress to Firm Freedom With a Subscription Business Model
Speaker(s): Shannon Vincent
NASBA field of study: Business Management & Organization - Non-Technical (1)
Most accounting firms remain stuck in an outdated, reactive model — constantly juggling unfinished work and persistent staffing challenges. The answer isn’t in small tweaks around the edges. What’s needed is a true business model transformation: redefining pricing, services, ideal clients and success metrics to build a firm that works for both leaders and teams. Discover how forward-thinking firms have shifted to stronger, more sustainable models that solve these lasting problems. Also, learn practical steps to transform your own firm quickly, with minimal risk.