Vermont Society of Certified Public Accountants
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The Essential Multistate Tax Update & Ethics (2 Courses in 1-Day!)

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Member Price: $0.00
Non-Member Price: $0.00

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Date/Time:
Jun 28, 2019, 8:30am–4:30pm
Venue:
Holiday Inn Express (White River Junction, VT 05001)
121 Ballardvale Drive
White River Junction, VT 05001
Developer:
Surgent McCoy CPE, LLC

Morning Session:

CPAs today face greater challenges than ever to maintain the high ethical standards of their profession. This course provides a framework within which to consider the ethical challenges facing CPAs and focuses on ethical requirements that CPAs must adhere to in their everyday practice, including practical examples of potential ethical dilemmas that practitioners may encounter. This Course Fulfills your Ethics Requirement.

Afternoon Session:

With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case, the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues of small and middle-market companies and offer guidance for minimizing tax liability and negotiating the treacherous waters of compliance.

Objective

Morning Session:

  • Understand the attributes of ethics and professional conduct    
  • Identify ethical issues that occur every day in the work environment     
  • Understand those deliberative, emotional, and social skills that enable a CPA to put their knowledge of the rules into practice in ways that are applicable to any situation

Afternoon Session:

  • Understand changes in state statutes, regulations and case law    
  • Determine how the states will treat changes under the Tax Cuts and Jobs Act    
  • Identify areas that may require additional attention for state tax planning purposes    
  • Identify areas that may be costly for employers or clients    
  • Understand the “who, what, when, and where” of nexus for income and sales tax



 

Highlights

Morning Session:

  • The CPA’s role in today’s economy     
  • The similarities and differences between individual and business ethics     
  • The link between ethics, integrity and scruples    
  • The basic attributes of ethics and professional conduct    
  • The history of the CPA profession and the CPA’s requirement to adhere to ethics policies and codes of conduct    
  • The AICPA’s Code of Professional Conduct and a CPA’s responsibility to the public, clients, and colleagues    
  • The common rules and statutes faced daily in the CPA profession. Case studies may also be utilized to present potential ethical dilemmas CPAs may face during their careers

Afternoon Session:

  • Employees working in multiple states: Withholding issues (when to start and where to withhold) special issues depending on type of tax assessed in the state or locality    
  • Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus    
  • Emerging compliance issues in the new sales tax economy    
  • Income Tax (and other forms of tax): Economic nexus (taxation without physical presence)    
  • Will states shift away from income tax and increase reliance on sales tax after Wayfair?    
  • Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid?    
  • Pass-through problems: Nexus issues for interest owners    
  • Treatment of the 199A deduction for pass through entities by states: Withholding issues    
  • Practical considerations in dealing with multistate taxation: Dealing with state nexus questionnaires    
  • When to consider voluntary compliance: Responsibility of officers, members, partners, and shareholders; planning ideas and opportunities; updates on pending federal legislation relative to state tax

 

 

Designed For

Morning Session:

All CPAs

Afternoon Session:

Accountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability

 

 

 

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