AAA-CPA 2023 Annual Meeting
Conference Agenda (subject to change)
Education sponsored by the AAA-CPA Foundation
Wednesday, June 21, 2023
6:30 pm - 9:30 pm
Welcome Reception at the Hyatt Regency Monterey
Thursday, June 22, 2023
7:45 am
Continental Breakfast
8:45 am – 10:00 am
Creative and Dynamic Strategies for Business Owners and Investors
Alan Gassman, Esq., CPA
Gassman, Crotty, & Denicolo, P.A.
Estate tax and charitable planning have a very important common denominator of tax calculation, and the dynamics of tax planning techniques must be understood, which no small feat is. One cannot simply put their thumb in the wind and decide what technique will work best. As a point of fact, there is significant disorientation between what one would think is the best planning vs. what is actually the best arrangement. In this presentation, Alan Gassman will review strategies for business owners and investors.
10:15 am - 11:55 am
Judicial Ethics
Jim Rigos, BBA, JD, LL.M (taxation), CPA
Rigos Professional Education Programs
12:00 pm - 1:30 pm
Lunch for all education attendees
1:40 pm – 2:55 pm
The Future of the Accounting Profession
Joe Rosenbaum, Treasurer, California Board of Accountancy
Rosenbaum & Co.
Changes are on the horizon for the accounting profession as the upcoming CPA Evolution initiative will transform the entire CPA licensure model to adapt to the increasing demands placed on those in the accounting field. In this presentation, Joe Rosenbaum will speak about the state of the profession through his unique lens as Secretary/Treasurer of the California Board of Accountancy. He will discuss a range of topics including how California regulates its 115,000 CPAs and accounting firms, the CBA’s efforts to positively impact the pipeline, and the continuing education requirements which keep a CPA’s knowledge base up to date and relevant.
3:00 pm – 4:15 pm
Welcome to the Wild Wild West-- California: One of Fifty States, or Its Own Country?
Some California Distinctions for Lawyers
Michele Friend, Esq., CPA
Offit Kurman
Friday, June 23, 2023
7:30 am
Continental Breakfast
8:30 am – 9:45 am
Attorney-CPA's Role in Calculating Damages
James Ebert, Esq. KITAGAWA & EBERT, P.C.
This program will cover the importance of damages in civil cases, types of damages, drafting contract provisions to reduce the risk of damages, methods of proving damages and taxation of damages and effect on settlement negotiations.
10:00 am – 12:00 pm
Offers in Compromise/Doubt as to Liability Workshop
E. Martin Davidoff, Esq., CPA
Prager Metis
Bradley Shriver, Esq., CPA
Rosefelt Law
12:00 pm - 1:30 pm
Lunch
1:30 pm – 2:45 pm
Tax Efficient Charitable Giving Strategies
Dan Rahill, Esq., CPA
Wintrust Wealth Services
Many of us prefer to combine our support for the causes and people we care about with a desire to save on taxes. Fortunately, some strategies may help us accomplish both. Whether you want to donate to charity or invest in a loved one's future, consider these tax‐smart ways to help make your giving go further. Experience and research confirm that very few financial, legal, or tax professionals utilize charitable planning strategies to help their clients improve the outcomes of various business issues. This presentation demonstrates how to use charitable planning strategies to resolve various business (and personal) tax and financial issues that arise in the regular course of business.
3:00 pm – 4:15 pm
Understanding Taxes Through A Tax Policy Lens
Annette Nellen, CPA, Esq.
San Jose State University
Hundreds of changes to federal, state and local taxes are proposed annually. Our first reaction tends to be how the change would affect us, our clients or our employer. We might find it interesting, dislike, or love a proposal. But what concepts and evaluation criteria should be applied to know if the proposal (or even existing rules) are appropriate for our tax and budget systems? How does the proposal or rule fit for the particular type of tax? Does it hinder the jurisdiction's economic, social and environmental policy goals? The ability to analyze and explain current rules and proposals in terms of their impact for an effective tax system requires understanding the basic structure of taxes (such as the income tax), legal frameworks, and consideration of principles of good tax policy. This presentation will explain these frameworks and principles and their relevance to tax system design. This understanding will help you explain tax proposals to clients or your employer, advocate effectively for tax changes, and help you advise and ask good questions of elected officials and those running for office.
Saturday, June 24, 2023
7:30 am
Continental Breakfast
8:30 am – 11:00 am
Qualifying and Maintaining the Tax Exemption
Hratch J. Karakachian, CPA, JD, MBT
Lisa Runquist, Esq.
As of 2020 the number of tax-exempt entities registered with the Internal Revenue Service was approximately 1.74 million. Close to 100K new applications for exemption are filed each year. Lisa A. Runquist and Hratch J Karakachian will provide a comprehensive overview of how to complete the Application for Recognition of Exemption (Form 1023 / 1023-EZ) accurately and thoroughly. This filing is a requirement for most entities to obtain an exemption.
They will also discuss common mistakes tax-exempt entities make that may lead to a revocation of their exempt status; since 2011, this has happened to more than 500K entities. Not filing informational tax returns for 3 consecutive years is the easiest way for an entity to lose its exemption but there are other common ways this can happen. Attendees will receive tips about the types of activities that, when performed by tax-exempt entities, could lead to the loss of tax-exempt status, along with suggestions of how to avoid this outcome.
11:30 am - 1:00 pm
Board of Directors Meeting and Lunch
1:00 pm - 5:30 pm
Visit to Monterey Aquarium
Included in Full Conference and Guest registrations. The Aquarium is not offering private tours at this time. We recommend that you make time in your afternoon to visit the shops and restaurants on Cannery Row. Round trip transportation provided from the hotel to the Aquarium, the bus will continue back and forth throughout the afternoon.
7:00 pm - 10:30 pm
Installation Dinner
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