Q Sessions
Wednesday, November 15,
2:35 p.m. - 3:50 p.m.
Q1. MN Income Tax Update (Repeat of L1)
Speaker(s): Dan Kidney
NASBA field of study: Taxes - Technical (1.5)
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 family and medical leave program -- but taxpayers are still dealing with the retroactive federal tax conformity bill enacted in January. As if that wasn’t enough, recent Minnesota court opinions and revenue notices have everyone on the edge of their seats. Minnesota tax law has evolved significantly throughout 2023, and you cannot effectively advise your clients without having a solid understanding of the changes. Look at important Minnesota tax developments, court decisions and tax planning considerations, as well as highlights from the near-final 2023 Minnesota tax forms and instructions.
Q2. Remote Seller Sales Tax Update
Speaker(s): Michael Fleming
NASBA field of study: Taxes - Technical (1.5)
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 and physical nexus. Examine trends such as changing thresholds, states aggressively auditing thresholds, increasingly common sales tax audits and more. Explore ways to be proactive vs. reactive and gain perspective on what could be coming in the future.
Speaker(s): Tommy Stephens
NASBA field of study: Specialized Knowledge - Technical (1.5)
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 options and the benefits and risks of adopting recent technologies. Evaluate current communications choices to improve your efficiency and identify key technologies to implement in your business and personal life. Learn how to develop a balanced tech strategy that includes current, emerging and future choices for your firm or business.