2023 CPE by the Sea | June 14-16 in Galveston and Webcast
Accounting and Auditing Track
All listings in Central time.
DAY 1 – WEDNESDAY, JUNE 14
8 a.m. – 8:50 a.m. - General Session: Professional Issues Update for Texas
Sheila Enriquez, JD, CPA, CFF, CVA/Chief Diversity, Equity & Inclusion Officer and Texas Market Leader/Crowe LLP/Houston
This session will provide an update on the CPA profession specific to Texas.
Major Topics: CPA profession: Emerging issues, current issues and how to address issues together
Learning Objectives: Understand the current and emerging issues our profession is facing.
- Get an update on the legislative matters affecting our profession both in Texas and at the Federal Level
- Determine how, as individual CPAs, we can contribute towards resolving the issues we are facing.
Skill Level: Update
9 a.m. – 9:50 a.m. - A&A Updates
Eric Huddleston
10 a.m. – 10:50 a.m. - What to do When Government Comes Calling: Tips from a Former FBI Agent and Federal Prosecutor
Anthony “Tony” Box/Partner/Gray Reed/Dallas
11 a.m. – 11:50 a.m. - Discussion of 2022 Schedule K2
Hillary Green/Senior Manager/RSM US/Austin and Trang Phan, JD/Senior Director/RSM US LLP/Dallas
Discussion of 2022 Schedule K-2.
Learning Objectives:
- Understand the purpose of the new Schedules K-2 and K-3
- Identify which parts of the form are required for certain types of clients
- Determine best practices to complete schedules K-2 and K-3.
Skill Level: Intermediate
11:50 a.m. – 12:50 p.m. | LUNCH BREAK
12:50 p.m. – 1:40 p.m. -Appropriate Advice for M&A Inquiries
Matt Gilbert/Founder/Gilbert & Pardue Transaction Advisors/Mont Belvieu
This session will discuss best practices for professional advisors when counseling clients on the topics of growth through M&A as well as exiting the business through a professionally orchestrated sale process. As baby boomers age out of their
prime working years, this is becoming a frequent discussion topic with CPA's.
Major Topics:
- How to steer clients to align with the right proven process for their situation.
- What a quality Fair Market Valuation (FMV)
- Study looks like. Reality Check for Exit Goals and Strategies.
- Selecting the right Transaction Advisor to meet personal and business objectives.
Learning Objectives:
- How to avoid inadvertently offering the wrong advice.
- How to vet professional Transaction Advisors.
- Proper guidance can lead to lasting results for both CPA and client.
Skill Level: Intermediate
1:55 p.m. – 2:45 p.m. - Best Methods for Businesses to Protest Property Taxes
Mark Dzeda, CPA, CMI/President/Industrial Tax Consulting/Houston
This session will address how to determine: (i) what issues are available for use to protest and reduce market and/or taxable values; (ii) how to quantify the issues impacting property value; and (iii) how to effectively present evidence, as well
A, deliver rebuttal at a protest hearing.
Major Topics:
- Types of protest allowed under the Texas Property Tax Code.
- Cost vs value and why they are different.
- Three approaches to market value, examples of each approach, and how these differ from equal and uniform.
- Factors that should be considered when valuing inventory.
- Property tax cycle and key statutory dates for compliance.
Learning Objectives:
- Objectives include identifying when a protest or appeal is justified and what types of protest and error correction motions are available to a business based on the facts and circumstances of the situation.
- How to prepare for a protest hearing, what to present at the hearing, and how to respond or rebut appraisal district or assessor arguments or items raised.
- Knowledge of what the next steps in the protest process are after a decision has been reached by the reviewing authority.
Skill Level: Basic
3 p.m. – 3:50 p.m. - Texas Franchise Tax
Stephen Webster, CPA/State and Local Tax Senior Manager/Crowe LLP/Houston
Basics of and Updates to Texas Franchise Tax
Major Topics:
- Texas Franchise Tax
Learning Objectives:
- Basics of Texas Franchise Tax
- Calculating Margin
- Updates on Court Cases
Skill Level: Intermediate
4 p.m. – 5:40 p.m. - Cybersecurity and Compliance
Wayne Hunter and Charles Denyer
DAY 2 - THURSDAY, JUNE 15
9 a.m. – 11:50 a.m. - Federal Tax Update (Part I)
Blaise C. Bender, JD, CPA/Attorney/Blaise C. Bender, PC/San Antonio
The session will provide a new year federal tax update on matters pertaining to individuals, estates and businesses. Part I will emphasize federal tax updates pertaining to individuals, trusts and estates. Part II will emphasize federal tax
updates pertaining to sole proprietorship, general business matters, C Corporations, S Corporations, partnerships/LLCs and employment matters. Both sessions will also discuss pending legislative matters.
Major Topics: Federal tax update – Part l will consist of updates regarding gross income, adjustments to gross income, rents and royalties, self-employment matters, new personal tax credits, and updates on estate tax returns, including implementation of clawbacks on deceased spouse unused exemptions.
Learning Objectives:
1. Understand midyear updates that pertain to individuals, trusts and estates impacting tax preparation
2. Understand midyear updates pertaining to sole proprietorship, C Corporations, S Corporations, partnerships
and LLCs from a tax preparation perspective
3. Understand how midyear tax updates impact our clients from a long-term and short-term planning perspective
Skill Level: Update
11:50 a.m. – 12:50 p.m. | LUNCH BREAK
12:50 p.m. – 3:50 p.m. - Federal Tax Update (Part II)
Blaise C. Bender, JD, CPA/Attorney/Blaise C. Bender, PC/San Antonio
The session will provide a new year federal tax update on matters pertaining to individuals, estates and businesses. Part I will emphasize federal tax updates pertaining to individuals, trusts and estates. Part II will emphasize federal tax
updates pertaining to sole proprietorship, general business matters, C Corporations, S Corporations, partnerships/LLCs and employment matters. Both sessions will also discuss pending legislative matters.
Major Topics: Federal tax update – Part II will consist of updates regarding sole proprietorships, hobby loss matters, general business matters, constructed dividends, reasonable compensation, S Corporation basis determinations, partner recourse and nonrecourse debt, Schedule K reporting and the gig economy.
Learning Objectives:
1. Understand midyear updates that pertain to individuals, trusts and estates impacting tax preparation
2. Understand midyear updates pertaining to sole proprietorship, C Corporations, S Corporations, partnerships
and LLCs from a tax preparation perspective
3. Understand how midyear tax updates impact our clients from a long-term and short-term planning perspective
Skill Level: Update
4 p.m. – 4:50 p.m. - Moments that Matter
DAY 3, FRIDAY, JUNE 16
8 a.m. – 8:50 a.m. - General Session: Don’t Say the B Word Unless You Mean It
Deirdre Carey Brown, Partner, JD | TBLS Business Bankruptcy Certification/Forshey & Prostok LLP/Houston
Evaluating the strategies
of bankruptcy as an effective financial tool.
Major Topics:
Chapter 11, Chapter 7 and Subchapter V bankruptcy considerations
Learning Objectives:
- Advising clients on when bankruptcy is advisable
- Advising clients on the risks associated with bankruptcy
- Advising clients on the advantages in bankruptcy not available outside of bankruptcy
Skill Level: Intermediate
9 a.m. – 9:50 a.m. -Inflation Reduction Act in Today’s Business Environment
Michael Overstreet/Shareholder/Chamberlain Hrdlicka/Houston
Umair Karowadia/Associate/Chamberlain Hrdlicka/Houston
The Inflation Reduction Act aims to tackle climate change while at the same time reducing the deficit through changes in the tax code. This session takes a look at some of the
key tax provisions under the Inflation Reduction Act, including recent guidance, and their ongoing impact on businesses and individuals in today’s business environment.
Major Topics: The Inflation Reduction Act, including recent guidance, and its potential application in today’s business environment.
Learning Objectives:
- Understanding key tax provisions in the Inflation Reduction Act.
- Describing policy reasons behind key tax provisions in the Inflation Reduction Act
- Explaining potential tax planning opportunities for business and individuals regarding the Inflation Reduction Act.
Skill Level: Intermediate
10 a.m. – 10:50 a.m. - Responding to a Slowing Economy
Jared Benedict
11 a.m. – 11:50 a.m. - Current Expected Credit Loss (CECL) Implementation Insights
11:50 a.m. – 12:50 p.m. | LUNCH BREAK
12:50 p.m. – 1:40 p.m. - Private Equity Outlook
Simon Haidamous/Director/Genesis Park/Houston
The speaker will provide an update on trends in private equity, financing and overall M&A trends. He will also provide an overview of Genesis Park and its approach to financing lower middle market companies in Texas and the Gulf Coast.
Major Topics:
- Trends in private equity, M&A and financing
- Opportunities for CPAs to improve lower middle market companies
Learning Objectives:
- Understanding of basic private equity and trends
- Financing structures available to business owners
- Ways Genesis Park can help attendees and their clients
Skill Level: Basic
1:50 p.m. – 2:40 p.m. - General Session: Running to Rewarding Relationships
James Brown/Chief Xchange Officer/The Xchange Zone/Missouri City, TX
Relationships are the essence of human existence – the business world, home, and school. Understanding that every relationship matters, has a unique cadence, and learning how to identify and move within it, can drastically improve your personal
brand, organizational effectiveness, and better position you to reach your individual and team goals.
Major Topics: How to leverage and maximize relationships
Learning Objectives:
- Identify the rhythm (cadence) of relationships
- Learn how to rhyme (communicate) in relationships
- Find the reward (win) in relationships
Skill Level: Intermediate
2:50 p.m. – 3:40 p.m. - Leadership that Counts!
Chuck Cummings, CPA, CFE/Owner/Charles C. Cummings, Jr., CPA/Pearland
Come learn the characteristics of an effective leader; someone others trust and who is unique in a tough business world. This is for you, the leader, when you are tired of your old style and results, especially if your leadership creates stress,
turnover, insecurity and lack of productivity in those who follow you or don't. If you are frustrated with your job or the people you lead, this session will help you.
Major Topics:
- Working definition of a leader
- Choosing a style of leadership
- Examining the Character, Attitudes, Skills and Habits of an Effective Leader
Learning Objectives:
- Learn what an effective leader looks and acts like.
- Leave with a better understanding of how your leadership style and characteristics impact those you lead.
- Find a different work style that is much more rewarding and less frustrating in a tough business world.
Skill Level: Intermediate