CPE
Schedule
Wednesday & Thursday, May 14 &
15, 2008
- To register for Day One, click here. |
| Day One: Wednesday, May 14 |
| 8:15
a.m.–9:55 a.m. The SET Tax is a single-rate tax simplification proposal that uses the broadest income base -gross income - and translates the provisions of the existing tax code into a simple, single formula. It offers transparency that none of the other plans do, allowing taxpayers to not only see what they owe, but also where the tax breaks are going. The SET Tax is a system, not a tax policy: it does not need to change anyone’s current tax bill; it only makes it easier to comply with the law and the law easier to enforce. David A. Lifson, President of the NYSSCPA and Chair of the Society’s Committee for Practical Reform of the Tax System, will outline the SET Tax and conduct a town hall meeting to answer questions. Come hear the Society’s answer to the nation’s call for fundamental tax reform. David A. Lifson, CPA, Hays & Company LLP President, New York State Society of CPAs |
| 10:15
a.m.–11:55 a.m. Is Technology Sinking Your Practice? (2 CPE hours: Specialized Knowledge and Applications) Technology can weigh you down and sink your practice because it has changed the way in which CPAs work. Keeping your eyes on the technology horizon can be a daunting task, especially for the small business accounting firm owner. Knowing how to mix technology can benefit your small accounting practice. During this session you will learn about: the “less paper” approach – knowing what features to demand in paperless technology; remote server—easy access and protection from disasters; integration features that allow the merging of “best of breed” technologies; your own website—ways to keep bringing back surfers for content; search engine optimization—why you have to do it; and data file transfer—how to make it easy. Ria
Boltzer, CEO, Founder and Owner, Checks and Double Checks |
| 10:15
a.m.–11:55 a.m. Accounting and Auditing Update (2 CPE hours: 1 hour Accounting and 1 hour Auditing) This informative session will review current developments affecting accounting and auditing standards, including the FASB Accounting Standards Codification, convergence with international accounting and auditing standards, FASB Statements and Staff positions, EITF issues, recently effective auditing standards, and technical agendas of the FASB and Auditing Standards Board. Elliot
L. Hendler, CPA, Friedman LLP |
| 10:15
a.m.–11:55 a.m. 2008 Individual and Corporate Tax Update (2 CPE hours: Taxation) This informative session will cover significant recent federal tax developments, court cases, and IRS rulings of interest to any CPA who prepares tax returns for corporate or individual clients or gives tax advice. Seth
G. Cohen, Esq., Weiser LLP |
| 12:00
p.m.–1:20 p.m. Luncheon |
|
1:30
p.m.–3:10 p.m. Moderator:
Joel Lanz, CPA |
| 1:30
p.m.–3:10 p.m. The CPA’s Role in Charitable Planning (2 CPE hours: Taxation) Modern charitable planning provides clients with many tax, charitable, and other personal benefits. Understanding this area is important for CPAs involved in tax, retirement, estate, and similar areas of planning. This session will provide a solid overview of charitable planning. It will cover the special role of philanthropy in the U.S.; meeting donors' personal, charitable, tax, and financial goals; the CPA’s role in bringing charitable solutions to clients; an overview of planned giving approaches and techniques; traps to avoid; and how to add charitable planning to your practice and build the related external professional network for your firm. Walter
M. Primoff, CPA/PFS, Consultant, National Network of Accountants |
| 1:30
p.m.–3:10 p.m. FIN 48 (2 CPE hours: Accounting) FIN 48, Accounting for Uncertainty in Income Taxes, continues to be a hot topic in view of its pending adoption by private companies. Even though privately held companies that only issue annual financial statements in accordance with GAAP will report the effects of FIN 48 on their 2007 annual financial statements in 2008, the time to plan and act is now. Further, the FASB Committee on Private Company Financial Reporting feels that many private company financial statement users, preparers, and CPA practitioners are unaware or just becoming aware of the implications of FIN 48. Benjamin
Gadon, CPA, Marks Paneth & Shron LLP |
| 3:30
p.m.–5:10 p.m. Multi-State Return Essentials and More: Lacerte (2 CPE hours: Specialized Knowledge and Applications) This lively discussion is designed to teach the practitioner how to prepare multi-state returns in Lacerte, including adding a state, assigning and sourcing states for specific amounts, input screens used to enter state information and regional issues you might encounter. John
Hardy, Tax Analyst, Lacerte Tax Development, Intuit Inc |
| 3:30
p.m.–5:10 p.m. Ethics Update: Part 1 (2 CPE hours: Ethics) This presentation will satisfy 2 credits in New York State’s required coursework in Ethics. This session covers the New York State guidelines as they relate to the CPA’s Code of Professional Conduct and the ethical guidance of government agencies. NOTE: Part 2 will be covered on Thursday, May 15, from 1:30 p.m. to 3:30 p.m., completing the triennial ethics requirement. Ernest P. Smith, CPA, Nawrocki Smith LLP For
Day Two , click here. |
Intuit will be offering special sessions at the Show on Wednesday, May 14.
Courses include: How to Market Your Practice and Increase Revenues Top Ten QuickBooks Mistakes Clients Make and How to Fix Them QuickBooks in Your Own Office |
