Welcome and Opening Remarks
Don Meyer, CAE — NJCPA chief marketing officer
IssuesWatch Live: Professional Issues Update (1, SK)
Moderator: Theresa Hinton — NJCPA chief operations officer
Panelists: Ralph Albert Thomas, CPA (DC), CGMA — NJCPA CEO and executive director
Alan D. Sobel, CPA, CGMA — SobelCo and 2020/21 NJCPA president
Harry P. Wills III, CPA — Bowman & Company LLP and 2021/22 NJCPA president
In this kick-off session, our panelists will cover a wide variety of issues impacting CPAs on the New Jersey and national levels. 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.
1A. Utilizing Technology and Managing Technostress (SK)
Marc Staut — Boomer Consulting, Inc.
What are the latest tools and technologies available to make working from home a little easier, and how can you manage the stress of technology fatigue? In this session, we’ll take a closer look at the practical and mobile technologies supporting and empowering remote employees to work smarter. At the same time, we’ll look at what happens when the technologies that are supposed to make us more efficient, work smarter not harder and reduce our stress don’t actually do that.
- Learn about practical technology you can deploy today.
- Look at what technologies are coming soon that may impact your technology strategy.
Discover what technostress is and how your company can reduce and prevent the issues that are keeping your technology from being a competitive advantage.
1B. Lease Accounting After COVID-19: Navigating the New Normal (AA)
Cost optimization, flexibility and liquidity are now the key goals driving companies’ plans to rightsize and renegotiate their real estate and leasing footprint in 2021. In this session, we will explain the new relief provisions offered by the FASB for efficient lease accounting during the pandemic and provide several examples of how to apply. We will also walk through the complex calculations required for partial terminations and discuss the considerations for impairment analysis and abandonment of right of use assets as we explore lease accounting’s new normal.
Rachel Reed and Kiley Arnold — LeaseQuery
1C. Recognizing SALT in the Wake of Telecommuting (TX)
HOSTED BY THE NJCPA STATE TAX INTEREST GROUP
Moderators: Jason Rosenberg, CPA — WithumSmith+Brown and Michele Vetlov — Dassault Falcon Jet Corp.
Panelists: Barry H. Horowitz CPA — WithumSmith+Brown
Chaim V. Kofinas CPA, PFS — Goldstein Lieberman & Co. LLC
Philip London, CPA — Wiss & Company, LLP
With COVID-19 accelerating the trend of remote employees, it is imperative that businesses consider the potential impact to state and local taxes (SALT). There can be many state tax implications with telecommuting that impact both employers and employees, including business nexus for all tax types, such as income tax and sales tax; P.L. 86-272; apportionment; payroll tax; and personal tax residency. It is expected that remote work will continue to be the “new normal.” As such, it is vital that businesses consider the tax guidance that states have put forth throughout the pandemic.
360-Degree Innovation and the Importance of Change Leadership (1.5, PD)
Marc Staut – Boomer Consulting, Inc.
Everyone has the ability to innovate. By changing our mindsets and approach, we can create a culture of innovation and jumpstart new ideas. Start thinking exponentially, empowering ideas and discovering opportunities across all levels and in every area of the company. But don’t stop there. By using a continuous improvement approach to leading change, your company can make sure that ideas go from whiteboard to pilot to new services and capacities.
2A. The Struggle is Real: A Toolbox for Emerging Leaders (PD)
HOSTED BY THE NJCPA EMERGING LEADERS INTEREST GROUP
Moderator: Nicole M. DeRosa, CPA — Wiss & Company, LLP
Ryan Berdnik, CPA, CFP — Mazars USA LLP
Kerry M. Duda, CPA — WilkinGuttenplan
Jay H. Guttmann, CPA — SRG Advisors, LLC
Philip Sookram, CPA, MAcc — Saint Peter’s University
Anthony J. Wrobel, CPA, CFP — Smolin, Lupin & Co., P.A.
As emerging leaders, we often struggle with everyday tasks like time management and delegating work; we also sometimes struggle with motivation, mentorship and attaining a work-life balance. Through this panel-driven session, attendees will walk away with useful additions to their toolkit that will enable them to solve some of these real-life struggles. Attendees are encouraged to ask questions and interact with the panel of emerging leaders throughout the session.
2B. Return on Insights: Make Powerful Impacts with HR Data (SK)
Amin Venjara and Heather Sperduto — ADP
The role of human resources (HR) has expanded and continues to change the way businesses make strategic decisions. In the same way “Moneyball” and sabermetrics changed how many MLB front offices manage their baseball teams, knowing which KPIs to look for when it comes to employee data and how to act on those KPIs is key to maximizing true ROI — “return on insights.” During this session, we’ll explore the challenges businesses face in assembling and utilizing human capital management (HCM) data to drive improved business outcomes along with tangible use cases for how HR data can create value. You will gain an understanding of how much more achievable and simple leveraging data insights is becoming for accountants at any level of proficiency and experience with data analytics.
2C. Resources for Business Recovery and Growth (SK)
Learn about the many services and government programs available to your company and your clients. The New Jersey Business Action Center, part of the New Jersey Department of State, offers countless resources for businesses' growth and recovery. We will highlight financing options, export opportunities and grants, the procurement process, and the benefits of registering as a small business, a woman-owned business, minority-owned business or veteran-owned business. In addition, we will focus on the ways the center’s advocates can help businesses navigate government and their ability to coordinate with government agencies to help with permitting, licensing and other compliance-related issues.
Melanie Willoughby — New Jersey Business Action Center