Detailed Agenda


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Tuesday, June 16

6:30-9:30 p.m. — REGISTRATION

7-8:15 p.m. — PRE-CONVENTION SESSION (1.5 credits, EC)

2020 Vision: The Outlook for the Economy and Financial Markets
G. Scott Clemons, CFA — Brown Brothers Harriman & Co.
2020 marks an unprecedented 11th year of economic expansion in the United States, fueled by the persistent strength of the American consumer.  How long can this last?  Is the American economy a tree that might grow to the sky?  Join us for a conversation about the path and pace of the economy in the U.S. and elsewhere, and what it all means for financial markets and investors.


Start your convention experience off right with early convention check-in and an evening of hors d’oeuvres, drinks and networking.

Sponsored by jpmc_logo


Wednesday, June 17

7-9 a.m. — Registration and Continental Breakfast

8-9:40 a.m. — Breakout Sessions (2 credits)

1A. FASB Update (AA)
John Fleming, CPA, M.B.A. — Kaplan Financial Education
Broaden your understanding of FASB Accounting Standard Updates issued in 2019 and through April 2020, and gain insight into the issues associated with implementing Topic 842, Leases.

1B. Business Tax Update (TX)
Deborah A. Phillips, CPA, MST Surgent Professional Education
Even with a couple of post-TCJA tax seasons in the rearview mirror, important guidance is still being issued, and complex changes related to business clients are still being understood. Explore the latest updates related to pass-through entities and focus on tax-planning strategies and techniques related to S corporations, partnerships, LLCs and LLPs. Topics will include new tax legislation, case law and the most recent IRS regulations.

1C. Three Methods for Smart Decision-Making (PD)
Sheila McVeigh — Dale Carnegie Training of Northern New Jersey
You’ve cleared one organizational hurdle, and now you face another one. Analyzing and solving problems is a matter of course in any business environment. No one, and no process or product, are without faults or flaws. This session offers a variety of tools and techniques to analyze and solve problems and manage the stress that comes with decision making. Using an analysis checklist and affinity diagram, you will learn to identify critical factors and apply criteria for solving real-life problems and making sound decisions.

1D. Steering Businesses from the Wrong Direction to the Right One (MT)
Jim Lindell, CSP, CPA, MBA, CGMA — Thorsten Consulting Group, Inc.
How quickly does a business recognize that it is going in the wrong direction? Once identified, how long does it take to make adjustments? Finally, how long does it take to get back on the correct path? Businesses without tools to identify these issues are in danger of remaining viable. This session will help attendees recognize the wrong direction, learn steps to correct their errors, and identify methods to reinforce and sustain the right direction.

1E. Design Your Own Partner Development Program (CS)
Jon Lokhorst, CPA, ACC — Lokhorst Consulting
This session is applicable for partners and leaders of firms
If your firm doesn’t have a direct and clear path to partnership, it’s time to pull back the curtain and take a more transparent approach. Don’t risk losing your best talent and future leaders. Discover how to make your process straightforward, clarify the desired attributes you’re looking for in potential leaders and create a culture that encourages your best talent to stick around. Take away key strategies for designing a development program that prepares your firm’s prospective partners and leaders. This session is designed for CPA firm partners and staff with an eye on advancing to a partnership or leadership level.

1F. From Compliance to Consulting: Harnessing Technological Advancements (CS)  Tech Talk
Ed Kless — Sage
The increased velocity of technological advancements, artificial intelligence and machine learning can create challenges for CPAs. Oddly enough, these technological advances require us to better hone our relationship skills. Today, more and more accountants and firms recognize the need to take this transformational journey to remain relevant. But this is not always easy, as it requires professionals to think differently than they have in the past. If you think you are ready to make this change and develop your future-ready advisory skills, this session will show you how to better serve your customers by understanding what it truly means to be a consultant.

9:40-9:50 a.m. — Coffee Break

9:50-11:55 a.m. — Breakout Sessions (2.5 credits)

2A. AICPA Update (AA)
John Fleming, CPA, M.B.A. — Kaplan Financial Education
Hear about the most recent issues in compilation, review and preparation identified by the AICPA Accounting Review Standards Committee and discuss new audit and attestation standards in the areas of risk assessment, accounting estimates, agreed upon procedures, materiality, compliance audits and audit evidence.

2B. Individual Tax Update (TX)
Deborah A. Phillips, CPA, MST Surgent Professional Education
The ripple effects of tax reform continue, and it is now more important than ever to understand the best tactics for individual clients in light of new guidance and case law. Hear the latest developments and get the best tax-saving strategies for individuals. Topics covered will include legislation, case law, and IRS regulations, rulings and pronouncements.

2C. 360-Degree Leadership: Leading In All Directions (PD)
Jon Lokhorst, CPA, ACC — Lokhorst Consulting
There is a growing need for CPAs to improve their leadership capacity and skills. Most leadership development focuses on leadership in a single direction – downstream on the organizational chart. However, the best leaders are effective in leading in all directions, starting with self-leadership. This session offers a 360-degree approach to leadership capabilities, including down, up, and across the organization, which is imperative in today’s rapidly changing marketplace. You will gain a paradigm to better understand leadership and learn what it takes to lead well in all directions within your organization.

2D. Beyond Traditional Financial Analysis (MT)
Jim Lindell, CSP, CPA, MBA, CGMA — Thorsten Consulting Group, Inc.
The ability to read and understand financial statements for strategic decisions and course corrections is essential for today's financial manager. It is a skill that is necessary for the operations of the business as well as the executive management team. Learn about tools to help you go beyond traditional financial statement analysis and gain insight to discern where a company has been, where it is headed, and its financial health and future.

2E. Is Your Firm Sustainable? How to Become a Winning Firm of the Future (CS)
Walter J. Brasch, CPA, CGMA, and David Wolfskehl — Whitman Business Advisors LLC
This session is applicable for partners and leaders of firms
Looking to the future, there are challenges and opportunities for firms to survive and prosper, including moving clients from compliance to advisory services, establishing a joint venture strategy and growing non-accounting services. Leaders of firms need to address seven critical success factors in order to remain independent, relevant and sustainable. Success factors discussed will include firm governance, core niches, business development, recruitment and retention, next generation leadership, technology and culture.

2F. The Evolution of the Technology Landscape for Accounting Firms (CS)  Tech Talk
Brandon Marks and Nick Rigali – Overwatch Group
You've heard about “computing in the cloud,” you’re aware that there are different security threats and perhaps have heard technology firms talk about solutions available to you and options for vendors. Learn what has changed in 2019 and what you can expect to see evolve through 2020 and beyond in terms of cloud computing, compliance requirements, vendor breaches and more. Discuss ways to stay relevant, competitive and compliant throughout this evolution phase and think about how to respond if and when a breach occurs internally or within one of your vendors. 

2G. NJCPA Leadership Training
This nuts ‘n’ bolts session will provide practical, easy-to-follow how-tos to help NJCPA leaders successfully carryout their responsibilities. Learn the basics of volunteering roles, whether it is how to be a responsible board member or how to operate a chapter or committee. NJCPA staff and 2020/21 President Alan D. Sobel, CPA, CGMA, will provide the guidance leaders at all levels need. Topics will include motivating volunteers, communicating more effectively, sharing best practices and handling challenges. This session is required for all 2020/21 NJCPA leaders.

11 a.m.-1:15 p.m. — Expo Hall Opens/Lunch with Sponsors and Exhibitors

Sponsored by PNC

12:05-1:15 p.m. — Emerging Leaders Lunch

Sponsored by Wells Fargo

12:15-12:45 p.m. —  Tech Talk Demos

12:15 p.m. — Sage
12:30 p.m. — Overwatch Group

1:15-2:30 p.m. — Opening Remarks, Announcement of Ovation Award Winners and General Session

IssuesWatch Live: Professional Issues Update (1 credit, SK)
Convention Facilitator, Don Meyer – NJCPA
2019/20 NJCPA President, Kyle M. Sell, CPA – Deloitte
2020/21 NJCPA President, Alan D. Sobel, CPA, CGMA – SobelCo.
CEO & Executive Director, Ralph Albert Thomas, CPA (DC), CGMA – NJCPA
An NJCPA panel will discuss recent changes in the accounting profession due to technology, regulations and the business climate. As a CPA or financial professional, it is imperative that you know where the profession is headed so you can make the necessary changes to be ready for the future. 

2:30-3:30 p.m. — Networking with Sponsors & Exhibitors/Refreshment Break

Sponsored by PAYCHEXLogo_4Services-11-2-2016

3:30-4:45 p.m.General Session

The Changing Profession — Transformation to Advisory (1.5 credits, CS)
James C. Bourke, Jr. CPA, CITP, CFF, CGMA — WithumSmith+Brown
As the profession continues to shift its core services from attest and tax to advisory, CPAs are quickly realizing that technology is the driving force. CPAs in private industry and government are beginning to see services offered by their outside accountants in areas never-before contemplated. And they will be challenged with the question, “what services would I buy from my outside accountant if my accountant were to offer them?” This session will look at some of the most widely accepted advisory services that firms are offering, including accounting/outsourced CFO, cybersecurity, management advisory, industry-specific consulting, transactional advisory and the newest offering — data and data visualization using tools like Microsoft Power BI. The logic and reasons behind this transformation will be discussed, and tools for deep dive on this topic will be provided.

4:45-5:35 p.m.Keynote

Disruptive Thinking: How to Spark Transformation in Your Business (1 credit, CS)
Luke Williams — NYU Innovation Lab
Successful companies operating in mature industries that embrace incremental change find themselves on a path that gets narrower and narrower. Eventually, they reach the end of the path, and by then, their customers have forsaken them for a new offering that nobody saw coming. When they try to differentiate themselves by focusing on incremental innovation instead of game-changing, disruptive innovation, they will differentiate themselves right out of business. Companies need to be consistently making bold moves, even at the very peak of their success. It is an essential skill for anyone in business, from a small start-up to a global corporation. Those with the desire to transform organizational processes and behaviors need ask, “Why hadn’t we ever thought about our business and industry this way before?”

5:30-7 p.m. — Cocktail Reception

Head back to the expo floor to network with attendees, sponsors and exhibitors while enjoying food and drinks.

9-10:30 p.m. — After-Dinner Drinks

Join your fellow convention attendees for dessert, drinks and live entertainment.

Sponsored by Bank of America

Thursday, June 18

6:30-7:15 a.m. — Morning Fitness

Get energized for the day with some fun fitness and socializing.

Sponsored by jpmc_logo

7-9 a.m. — Hot Breakfast Buffet with Sponsors & Exhibitors

Sponsored by Santander_logo_180x150

8-9:15 a.m. — Breakout Sessions (1.5 credits)

3A. Transforming the Financial Audit with Artificial Intelligence (AA)  Tech Talk
John Colthart — MindBridge
Artificial intelligence (AI) is changing the way we think, live and work. Geared to small and midsize firms, this session will highlight the opportunities that big data brings to the audit profession and provide real-life examples and case studies of firms that have implemented AI. Learn about the common tasks being replaced/automated to create efficiencies; hear best practices for implementing, utilizing and monitoring AI; and gain new insight on what’s coming down the road in AI related to audits.

3B. Savvy Social Security Planning: What Professionals Need to Know to Maximize Retirement Income (TX)
Eleanor Galt-Lin, CFP — Morgan Stanley
The Social Security system is overwhelming, and there are plenty of new rules. Learn about the various Social Security benefits and how to create collection strategies that will help your clients maximize their lifetime income. Learn how to coordinate benefits with a spouse and find out the lesser-known benefits for widows. You will walk away with a better understanding of when it makes sense to delay benefits — and when it does not.

3C. Session TBD

3D. Using Scenario Planning to Improve Financial Decision Making (MT)
Thomas Coghlan, CMA — CPE University
Most business investment and capital budgeting decision processes apply financial models of future cash flows. Unfortunately, the rigor of these processes does not include analysis and consideration of unplanned scenarios that occur all too frequently. This session will review techniques to supplement and improve existing decision-making. Develop an understanding of scenario planning and contingency planning in strategic and budgeting processes and learn how to distinguish among risk analysis techniques.

3E. The Continuous Improvement Approach to Leading Change (CS)
Marc Staut – Boomer Consulting, Inc.
This session is applicable for partners and leaders of firms
Successful organizations adapt, innovate and successfully manage change in a rapidly changing environment. Change is coming whether we want it or not, and innovation is happening all around us. In this session, you will learn how to leverage technology and consulting business models within your firm, including strategies to help your organization embrace change, continuously improve and address change fatigue. 

9:30-10:45 a.m. — Breakout Sessions (1.5 credits)

4A. Common Audit Quality Challenges and How to Avoid Them (AA)
Frank R. Boutillette, CPA, CGMA, ABV — WithumSmith+Brown
Brad E. Muniz, CPA — SobelCo
Expand your awareness of key audit issues and challenges in peer reviews and hear the latest developments impacting compilation, preparation and review engagements. Topics highlighted will include revenue recognition, leases, internal controls and audit quality issues.

4B. New Jersey Tax Update (TX)
James B. Evans, Jr., CPA, J.D., LL.M. — Kulzer & DiPadova, P.A
Review the major legislative, judicial and administrative developments affecting New Jersey taxpayers, and strengthen your tax planning with an outlook of upcoming state tax changes.

4C. Creating a Culture of Critical Conversations and Upskilling (PD)
Marc Staut — Boomer Consulting, Inc.
We are in the middle of a worldwide change, and the accounting profession isn't immune. The firm of the future will require everyone to think differently than they do today. During this session, we will explore what it looks like when you move from a technical mindset to a consultative mindset. And we will discuss how to identify and manage crucial conversations within your organization and with clients as you transform your firm.

4D. CFO Trends and Predictions (MT)
Thomas Coghlan, CMA — CPE University
Many consulting firms, software vendors and financial publications publish interviews with CFOs regarding the current and future state of the accounting function. With the pace of change increasing rapidly, keeping up with changes and keeping skills current can be a daunting task for most professionals. This presentation will review the trends and predictions from CFOs in a variety of industries and take a deep dive into both the most common and game-changing topics. You will receive an understanding of the most common trends identified by CFOs, their potential implications and how to respond to them.

4E. The Professional Landscape and its Impact on Firms (SK)
William (Bill) Reeb, CPA, CITP, CGMA — Past Chair, AICPA
This session is applicable for partners and leaders of firms
CPA firms are shifting to professional service firms. They have gone from hiring locally to hiring globally. In order the meet the quickly changing demands of clients and the marketplace, firms are having to rethink the services they offer, the skills they need to develop and the way they operate their firms. This session will provide insight as to the evolution of the CPA firm. 

4F. The CPA Hack: Why They Target People Like YOU and Not Computers (CS)  Tech Talk
Anthony W. Mongeluzo — PCS, LLC
Surprisingly, hackers can penetrate your organization with popular and trusted channels such as LinkedIn. This session will reveal how they do it and share an example of how a CPA firm was hacked in under an hour because of kindness and human nature. The vulnerability of simply carrying a smartphone will also be discussed. Gain a clear understanding of the growing threat from hackers, how they silently manifest their activity and how you can create a solid digital and physical moat against any intrusion. You will also receive an easy-to-follow checklist to help to prevent or mitigate against a hacker or intrusion directed at your IT systems.


10:45-11:30 a.m. — Networking with Sponsors & Exhibitors/Refreshment Break

11-1:15 a.m. —  Tech Talk Demo 


11:30 a.m.-1:00 p.m. — Remarks and General Session

ReImagine (1.5 credit, SK)
William (Bill) Reeb, CPA, CITP, CGMA — Past Chair, AICPA
Fueled by rapid technological innovation, the world is changing at unprecedented speed — with significant implications for the accounting profession. Cybersecurity, blockchain, artificial intelligence and cognitive technologies all have the potential to transform our work. This session will provide insights on the forces shaping the future of accounting and the numerous AICPA initiatives to keep the profession ahead.

1-2:30 p.m. — Lunch and Networking with Sponsors & Exhibitors

1:30-1:45 p.m. — Tech Talk Demos

1:30 p.m. — PCS, LLC
1:45 p.m. — Netgain

2:30-3:30 p.m.Remarks and General Session

Seven Leadership and Life Lessons (1 credit, PD)
Susan O’Malley — First Female President of a Professional Sports Franchise
Get ready for an engaging and upbeat presentation where Susan O’Malley will apprise you of the seven seminal ‘rules’ for leadership and life. She will share insider stories about entertainment, hockey and basketball as well as management lessons she learned from her family. Life lessons are often learned early from family and familial experiences. By focusing on the lessons of her own childhood and then reinforcing them with her proven business expertise, O’Malley offers vital insights for leaders of all stripes. A trailblazer for herself and others, she is hilarious, brilliant, genuine and inviting. Her warm sense of humor, self-described “folksy” style, entertaining stories and sharp wit make her lessons memorable and an instant favorite. Take away lessons for your own life and business.

3:30-4 p.m. — Refreshment Break

4-5:30 p.m. — General Session

NJCPA Annual Business Meeting (1 credit, SK)

6:30-10:30 p.m. — Closing Dinner and Celebration

Dinner hosted by newly installed NJCPA President Alan D. Sobel, CPA, CGMA, of SobelCo

  • Closing dinner sponsored by Sobel & Co
  • Closing dinner open bar sponsored by Bowman & Company and Harry_Krystalla
  • Celebration entertainment sponsored by ADP and Wells Fargo


Friday, June 19

7:30-8:30 a.m. — Hot Breakfast Buffet

8:30-10:10 a.m. — General Session

IssuesWatch Live: New Jersey Business and Economic Roundtable (2 credits, SK)

10:10-10:30 a.m. — Coffee Break

10:30 a.m-12:10 p.m. — Breakout Sessions (2 credits)

5A. Automation Revolution Impacting the Audits of Small Private Companies (AA)
Salvatore A. Collemi, CPA — Collemi Consulting & Advisory Services, LLC
Receive an introduction to the concept of auditing automation utilizing big data and data analytics. Learn how they can be used in an audit engagement to create efficiency, effectiveness and increased audit quality. Then, hear examples of simple tools for automating traditional audit procedures that are currently being performed manually. This session will inform you on the impact of new technology and automation with audit data analytics and how they can be used during the current audit process. 

5B. Estate and Gift Tax Planning in Today’s Uncertain Transfer Tax World (TX)
Anthony F. Vitiello, J.D., LL.M. — Connell Foley LLP
Federal gift and estate tax exemptions are high and increasing annually under current tax law. Those exemptions will revert back to pre-2018 levels as of Jan. 1, 2026, if no legislative action is taken. Moreover, if there are changes in the political winds, unanticipated variations in transfer tax exemptions and planning are possible. This session will examine the planning ideas being proposed to clients of varying levels of wealth in this uncertain climate, discussing what works and what does not, as well as proposing strategies for dealing with the uncertainty. This session will also briefly discuss income tax planning structures that use traditional estate planning vehicles to accomplish significant income tax savings.

5C. Harnessing Technology to Build Your Brand (CS) 
Sean D. Stein Smith, CPA, CFE, CGMA, CMA — Lehman College
Garrett Wagner, CPA/CITP — C3 Evolution Group
Being a leader goes far beyond just your technical skills. In today’s technological age, your brand is important to your long-term success both inside and outside your organization. Understand the power of your personal brand and how to grow your career and brand leveraging the technology in place today.

5D. Building your Cloud Strategy — Aligning with the Firm, Industry and Best Practices (CS)  Tech Talk
Bill Sorenson — NetGain
Many organizations have moved a portion of their technology to the cloud already, while others are just starting. This session will outline the high-level process of matching your cloud strategy with your firm’s business strategy and best practices. Areas that will be discussed include applications, technology, platform, support, centralization and managing growth. This session is a business-level discussion with partners and IT leadership in mind.