Middlesex/Somerset Chapter Season Pass - 2017/18

Salvatore Collemi will discuss the latest challenges facing CPAs on the quality of compilations, reviews and audits, and how you can best prepare for your upcoming busy season and your next peer review! Explore the root causes in the decline in audit and attest quality in private company engagements and take away realistic remedies that CPA firm leaders and professionals can implement immediately.

Benefits

Earn 4 CPE credits in AA.

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During this session, gain an understanding and receive updates on the Affordable Care Act (ACA), proposed healthcare legislation through the American Healthcare Act (AHCA) and alternative funding arrangements to mitigate cost. This session will cover healthcare trends and potential outcomes of healthcare legislation. This session will also review the tax implications of current vs proposed state of healthcare. Learn the benefits and drawbacks of level funded programs and explore case studies. This session will also cover the current and future state of Medicare.

Highlights

•  A brief history of healthcare in the US
• The Affordable Care Act
  • Repeal and replace tax policy
  • Industry standards
  • Mandates
  • IRS filings (form 1094 and 1095)
• Amercan Healthcare Act - Dead or alive?
  • Madates
  • Tax credits
  • Subsidies
  • Public health programs
  • Medicaid grants
• The future of healthcare - What comes next?
• Analyzing the cost of healthcare and alternative plan designs
  • Association plans
  • Self-funding
  • Level-funding
  • Professional employer organizations
• Medicare Basics
  • Gaps
  • Supplements
  • Advantage
  • Part D

Benefits

Earn 4 CPE credits in SK.

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Regardless of the reduced impact of taxes, clients still require estate planning services. This course examines the fundamentals of estate planning, insurance and annuities including critical concepts in marital deduction planning, Medicaid trusts, credit shelter trusts, selection and powers of trustees, and titling and funding issues. Additionally, life insurance continues to be a valuable planning tool in business settings, especially when considering key employee retention techniques and non-ERISA based compensation arrangements. Avoid common life insurance pitfalls and learn how certain trust own life insurance can become a liability to the trustee(s).

Highlights

In this meeting, learn about:

• Essential Estate Planning Essentials & important documents
• Protective arrangements including the use of irrevocable and revocable trusts and other will substitutes
• Medicaid Rules, Medicaid Qualified Income Trusts (“QIT”), Medicaid Annuities, and Medicaid Life Estates
• Social Security Disability Insurance Vs Supplemental Security Insurance
• Federal estate and gift tax
• Credit shelter trusts and the applicable credit amount
• Tools and techniques in gifting to minors, spouses, and other family members, including uniform transfers (or gifts) to minors’ accounts, education trusts, §§2503(b) and (c) trusts, and more
• Executive Benefits including; Split Dollar, Executive Bonus, Deferred Compensation (NQDC) Plans
• Techniques for using life insurance in estate planning including tax implications
• Key-Person Insurance and Business Loan Collateral Assignment
• How a Non-Guaranteed Universal Life policy works and what that means
• Tax Implications of a Lapsed Policy
• Importance of insurance reviews and stress testing insurance policy

Benefits

Earn 4 CPE credits in Taxation.

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Gear up for tax season with this annual update. Learn how to maximize social security benefits under the new rules. Then hear up to the minute information on tax changes for individuals and businesses.

Highlights

Social Security: Maximizing Benefits Under the "New Rules" - Ash Ahluwalia
Learn how to protect income in retirement and maximize social security benefits. We will also review the “new rules” governing Social Security as a result of the Bi-partisan Budget Act of 2015. Over 90% of recipients get less money than they are entitled to. There are over 2,700 rules governing social security, married couples have over 567 filing options and social security agents are prohibited from offering advice. We will address strategies to minimize the taxation of Social Security benefits as well as the best way to maximize benefits for high-net worth individuals.

Federal Tax Update - Pat Deo
Hear an update on major tax law changes, including new federal taxation legislation, IRS pronouncements, and judicial decisions issued in the last year.

Learn more about:

• The Tax Cuts and Jobs Act
• Disaster Tax Relief and Airport and Airway Extension Act of 2017
• Partnership Audit Procedures - Bipartisan Budget Act of 2015
• 2018 Inflation Adjustments
• IRS Rulings, Regulations, Etc.
• Draft 2017 Form 1040
• Court Cases

Benefits

Earn 4 CPE credits in Taxation.

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Hear an update on the latest New Jersey state tax regulations just in time for tax season.

Highlights

Hear an update direct from the New Jersey Division of Taxation. The speakers will give an income tax update on:

• 2017 Refund Processing
• Veterans Exemption
• Pension Exclusion
• Future Credits

They'll cover business tax topics and property tax relief along with other miscellaneous updates.

Benefits

Earn 4 CPE credits in Taxation.

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Hear the latest updates on payroll topics, including creating nexus for service business and important Department of Labor standards.

Highlights

In this session, we will:

• Describe the key unique state tax issues for service businesses

• Discuss which activities create nexus for service businesses

• Identify steps to take and opportunities to pursue to reduce state tax liabilities for service businesses

• Provide an overview of the FLSA

• Review DOL overtime rules and minimum wage salary

• Identify exempt vs. non-exempt status

• Compare independent contractor vs. employee tests (issuing 1099 vs. W-2)

• Gain insight into guidelines for properly classifying workers

• Review how to handle pay related to: off-the-clock work, travel, training and working interviews

Benefits

Earn 4 CPE credits in TX.

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