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