San Luis Obispo CPE Week

San Luis Obispo CPE Week

Oct. 22–26

Nestled at the base of the Santa Lucia foothills, San Luis Obispo is the Central Coast gem you never knew you needed to see. Have the opportunity to earn quality CPE while enjoying breathtaking hikes, award-winning wineries and craft breweries and a thriving downtown with quirky attractions.


2018 Agenda

Monday
The Nuts and Bolts of High-End Planning with David Gaw and Jacqueline A. Patterson, CPA, Esq.
CPE: 8 | MCLE: 6.5 | MCLE LS-EP: 6.5
Knowing the basics of advanced estate planning strategies is essential in advising clients with significant wealth and seek assistance in developing succession plans to address individual needs. Review transfer and income tax laws, plus available strategies to minimize taxes. Join in a discussion the basic structure of advanced strategies, provisions in the governing document that authorize and regulate these strategies, modeling and tracking spreadsheets and software options. Additionally, experience a live demonstration of financial planning software, run modeling exercises and review examples of sophisticated estate and business planning scenarios.
Fraud: Practical Approaches to Prevention & Detection with Mark Dauberman
CPE: 8 | AA: 8 | FR: 4
Regardless of the service level provided to clients, a common belief is that a CPA's responsibility is fraud detection. Desperate individuals commit fraud and diligently cover their tracks. Fraud can be prevented and quickly be detected when alternative methods are applied. This course explores fraud from the perspective of those who commit it, what motivates them and how internal controls can be designed to address the motivation. In addition, we'll address the signs of fraud and means by which the risk of fraud—particularly fraudulent misstatement of financial information—can be more narrowly identified to develop more focused control activities and audit procedures.
Tuesday
Advanced Issues: The Art of the Estate Tax Return with Keith Schiller, Esq.
CPE: 8 | MCLE: 6.5 | IRS-TX: 8 | CFP: 8 | MCLE LS-EP: 6.5 | CTEC-TX: 8
Dive into strategies for preparing an estate tax return and achieving the most successful results for clients during an audit, including compliance and planning opportunities with the portability election. Learn about the weaknesses in IRS arguments, how to secure the best appraisal results and how to effectively make portability elections. Additionally, explore the counter arguments for IRS challenges to FLPs, formula clauses, promissory note valuation and allowable deductions. Other topics include: avoiding traps in both planning and preparing Form 706; best use of administrative expense deductions; achieving the best audit results; and staying on top of refund claims. Attendees will have the opportunity to shape the course by requesting topics to be covered. These topics will either integrate into the pre-set points the instructor plans to include or added as special points for discussion in class.
GAAP Update with Mark Dauberman
CPE: 8 | AA: 8
Stay on top of accounting principles by reviewing pronouncements issued since 2016, and selected pronouncements from earlier years, including those by the FASB Private Company Council and other amendments to the FASB Accounting Standards Codification. Gain a comprehensive understanding of the pronouncements as they relate to you and your clients, as well as information on significant pronouncements that are likely to be issued soon. Plus, determine the appropriate time to apply these guidelines to transactions and arrangements with similar characteristics for which there is no authoritative guidance.
Wednesday
Financial Performance Reporting with William F. O'Brien, CPA, MBA
CPE: 8 | AA: 8
Focus on revisions to the form and content of primary financial statements is likely to increase in 2018 as a result of the FASB and IASB convergence project continuing to move beyond its priority topics. Stay current and plan for changes. This reformatting of basic financial statements (now referred to as Financial Performance Reporting-FPR) will generate significant measurement and system modifications. Stay current on financial statement preparation and analysis and begin to plan for changes in financial performance reporting.
Special Topics in Partnership and LLC Taxation with Michael Vinson
CPE: 8 | MCLE: 6.5 | IRS-TX: 8 | CTEC-TX: 8
Tax practitioners struggle to understand the rules of Subchapter K of the Internal Revenue Code and related Treasury Regulations. Determine differences between partnership recourse and nonrecourse debt and the consequences of each. Complex rules offer both tax planning opportunities as well as traps. Join an in-depth analysis of key partnership tax issues, how they affect partnership structuring, and the reporting of partnership results.
Thursday
Accountancy Laws, Ethics, Taxes and Financial Reporting Review: Ethics with Richard Ferdinand
CPE: 4 | ET: 4 | CTEC-ET: 4 | IRS-ET: 4
Cover case studies and engage in discussion questions that cover fair positions in tax returns, ethical issues in tax practice, fairness in financial reporting and integrity and materiality judgments.
Corporate Income Tax Return Fundamentals with George Shewchuk
CPE: 8 | MCLE: 6.5 | IRS-TX: 8 | CTEC-TX: 8 | MCLE LS-TX: 6.5
Preparing corporate income taxes requires a shift in mindset from individual tax preparation and compliance. Learn about the concepts and tools necessary to support clients or businesses. This course will review topics that cover capitalization, depreciation, carrybacks and major book to tax issues involving corporations and Form 1120 preparation. Attendees will learn about practical spreadsheet approaches that allow practitioners to efficiently and effectively manage book vs. tax differences (M-1 or M-3 items). Cover the impact of new tax law changes with some ideas to discuss with clients. Additionally, dive into a complex corporate return case study, including discussion of identifying book to tax differences as well as self-review tips.
Small-Business Financial Statements with Richard Ferdinand
CPE: 4 | AA: 4
Examine the bases of accounting available to small- and medium-sized privately owned businesses, including the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). Also, review the cash and tax bases of accounting and other special purpose frameworks. This course also reviews GAAP frameworks. Furthur, reveiw the features, benefits and risks associated with the use of each of these frameworks and offers guidance for the professional judgments accountants must make when applying each.
Friday
Compilations and Reviews: Risks, Procedures and Fraud with Richard Ferdinand
CPE: 8 | AA: 8 | FR: 4
Refresh your knowledge of the AICPA's professional standards for compilations and reviews and improve your ability to reduce the risk of material misstatements—whether caused by fraud or error. This course poses questions and uses cases that probe the practical meaning of professional standards in your business. Attendees will address the professional judgments needed and provide tips to avoid mistakes that can result in legal liabilities and peer review deficiencies.
 
Deal Structure for Mergers and Acquisitions with George Shewchuk
CPE: 8 | CTEC-TX: 8 | IRS-TX: 8 | MCLE: 6.5
Tax focused discussion on changes in the transaction structure of merger and acquisition deals can significantly impact after-tax cash flows. Gain a significant competitive advantage by understanding how taxes affect M&A and divestiture transaction structures. Further examine the mechanics of M&A deals; the structures of taxable assets and stock acquisitions; triangular and reverse triangular mergers; practical issues in structuring and pricing; types of tax-free reorganizations; tax planning for divestitures; and key elements of purchase and sale documents. Plus, dive into a complex case study and coupled, different approaches to the net tax cash flow for an S corporate deal. Updated for new tax Reform and impact on M&A deals.