Essex and Morris/Sussex Chapters CPE Pass - 2023/24

Review implementation of the lease standard, new standards issued in the past year and standards becoming effective in the upcoming year. Additionally, hear an update on non-attest service and sampling methods. 

Highlights

• Leases
• Accounting standards
• Auditing standards
• Non-attest services  
• Sampling methodologies

Benefits

Become familiar with the latest developments in accounting and auditing and the latest non-attest services and sampling methods.

Designed For

CPAs and small firm practitioners

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This multi-session event will offer key insights and planning strategies to help you safeguard your clients’ business and personal assets. Charitable giving, life insurance, Social Security and succession planning will be discussed.

Highlights

Smooth Business Transaction

• Timing the succession plan
• Identifying the appropriate successor
• Valuation and funding considerations — especially for service- oriented small businesses
• Types of buyers — including family members, business insiders, outside buyers, and liquidation — and the challenges and opportunities unique to each situation

Charitable giving

• Key charitable giving strategies and which giving strategies may be best suited for your clients
• Timing of donations to maximize tax benefits
• Tax breaks — standard deduction versus itemized deductions
• Strategic ways of gifting to avoid capital gains tax
• Ways to coordinate charitable gifting to maximize family wealth

Life Insurance

• Current trends in life insurance
• Legal landscape
• Best interest standard
• Policy analysis and recommendations
• Tax implications
• Ethical considerations and compliance
• Benchmarking technology

Social Security

• The basic rules governing Social Security
• Spousal, survivor, child, divorce and other important rules
• Strategies to maximize eligible Social Security benefits
• Strategies to minimize the taxation of Social Security benefits

Benefits

• Gain key charitable giving strategies and explore which giving strategies may be best suited for your clients.
• Stay abreast of trends in life insurance and learn about new planning strategies, regulations, policy analysis and benchmarking technology.
• Understand the basic rules of Social Security planning and explore specific strategies related to maximizing benefits and minimizing taxation.
• Learn when it may be appropriate to discuss business succession planning with clients and understand the multitude of issues around succession planning.

Designed For

CPAs and accountants in public practice

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Learn the latest updates on state income tax for corporations, partnerships and pass-through entity tax (PTET) regimes. There will be an emphasis on updates for New Jersey and New York taxpayers, while also covering updates from other states in the northeast and California.

Highlights

• Corporate tax updates for New Jersey, New York and Massachusetts
• Partnership and PTET updates for California, Connecticut, New Jersey and New York
• High-level discussion regarding the sale of interests in pass-through entities

Benefits

Learn about material state income tax updates and gain insights to support your clients or your company.

Designed For

All CPAs and accountants involved with business income tax filings

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Explore the critical role the accountant plays in representing the business owner in an merger or acquisition transaction from the perspective of the M&A attorney. Also learn key points regarding 21st-century data and cyber threats including ransomware, cyber threats, hacking, social engineering and ways to protect yourself and your business.

Highlights

M&A Transactions:

• Learn how to work with attorneys and achieve the maximum sales price.
• Understand your critical role in assisting attorneys through the due diligence process, preparing and defending Quality of Earnings reports, as well as preparation of critical documents such as the Confidential Information Memorandum and Letter of Intent and Purchase Agreement (allocation of purchase price).
• Recognize how you will work with the entire deal team typically comprised of varied professionals at every phase of a business sale.
• Hear about the ongoing role you will play post-sale, including long-term tax planning for the seller (e.g., managing proceeds, earn-outs)

Cybersecurity:

• Review statistics, including how often a hacker attack occurs, the percentage of attacks against small businesses, and the most expensive and common types of stolen information in an attack.
• Define ransomware attacks, phishing and social engineering.
• Learn ways to keep your personal life and business protected.
• Understand how to safeguard the integrity and confidentiality of financial records, ensuring compliance with regulations and maintaining trust with clients.
• Learn how to prevent financial fraud, identity theft and other cybercrimes that could harm the reputation and financial stability of CPAs and their clients.
• Enhance your professional credibility, mitigate risks and safeguard clients' financial wellbeing by prioritizing cybersecurity.

Benefits

• Understand how to achieve the most beneficial outcome for the sellers in an M&A transaction – from due diligence to preparation of critical financial and legal documents to post-sale tax planning matters.
• Learn how to effectively work with attorneys throughout the multi-phase M&A process.
• Understand how to protect sensitive financial information, client data and confidential documents from cyber threats like hacking, data breaches and malware attacks.

Designed For

• Accounting professionals who advise in merger and acquisition activities
• Accounting professionals who need to keep up to date on cybersecurity best practices

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