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InPerson

West Michigan Tax Symposium

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$380.00

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school Credits

  • Up to: 1.00 credits - Ethics
  • Up to: 8.00 credits - Other

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InPerson

Early Bird Ethics: Michigan Specific Ethics 2019-21 Edition

Changes to CPE, licensure expiration and more. We guide you on a deep dive into Michigan’s accountancy law and administrative rules to help you steer clear of any violations. Explore case studies and ask the experts your questions about licensure and compliance with Michigan’s accountancy act.

Michigan Specific Ethics

 

 

About This Course

PRESENTED IN PARTNERSHIP WITH THE MASTER OF SCIENCE IN TAXATION PROGRAM, GRAND VALLEY STATE UNIVERSITY

Ramifications of the Tax Cuts and Jobs Act continue to reach into the current year and beyond as final Section 199A regulations were issued and states absorb the regulation in their own ways. The conference features a keynote presentation on this very topic and take a 360 degree look at the results in preparation for the coming season.

  • Find the right fit with choice of entity decisions after TCJA.
  • Michigan’s property tax rate ranks 11th in the nation, keep up with new regulations.
  • Determine the effects of Wayfair on e-commerce.

For more information view the conference flyer here.

This Course Is Recommended For

Tax professionals seeking the latest tax updates.

Objectives

AGENDA

  • 07:00 AM - Early Bird Michigan Specific Ethics Registration & Refreshments
  • 07:30 AM - Early Bird Michigan Specific Ethics Begins
  • 08:00 AM - Conference Registration & Refreshments
  • 08:30 AM - Conference Begins with Keynote Presentation - 199A Final Regulations
  • 09:30 AM - Breakout Sessions
  • 10:30 AM - Breakout Sessions
  • 11:30 AM - Breakout Sessions
  • 12:20 PM - Group Luncheon
  • 01:10 PM - After-Luncheon Keynote Presentation - Shaping Michigan’s Future: A Treasury Update
  • 02:10 PM - Breakout Sessions
  • 03:10 PM - Breakout Sessions
  • 04:10 PM - Breakout Sessions
  • 05:00 PM - Conference Adjourns

KEYNOTE PRESENTATIONS

Section 199A, The Final Score (CFP & EA credit pending approval)
We’ve come a long way since the earliest known tax 4500 years ago, take the Section 199A final regulations instituted this year. The provision allows a qualified taxpayer to deduct up to 20% of its QBI and the planning opportunities are only beginning to unfold. Assess the impacts of the final regulations and look forward as we tally up the final score.
Susan Smith,CPA Consultant, Owner, Nationally Recognized Lecturer, Voorhees, NJ

Shaping Michigan’s Future: A Treasury Update
Unveil the Treasury’s plans to transform Michigan into a home for opportunity. Discover outreach initiatives including MTO Updates and Revenue Administrative Bulletin Public Comment Periods, to starting the financial literacy conversation in statewide forums. Finally, leave this session with a comprehensive look at 2020 tax changes resulting from recent legislation.
Glenn R. WhiteDeputy Treasurer, State of Michigan Department of Treasury

A special thank you to the West Michigan Tax Symposium Task Force that helped plan this event. For more information on the task force, or to request to join, please click here.

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Sessions

About This Session:

The U.S. Supreme Court has ruled e-commerce companies must remit sales tax “as if the seller had a physical presence in the State.” Determine the effects of Wayfair on sales and use tax based on where services were “rendered.” Plus, keep up with other tax reform topics like the nexus trust rulings. John P. Eardley, CPA, MST – Managing Director, Crowe LLP, Grand Rapids

About This Session:

In this session the current state of conformity to the federal tax changes put in place by recent tax reform will be reviewed, as well as recent rulings and legislation affecting clients and how to determine nexus for the various taxes. David M. Barrons, CPA – Multi-State Tax Partner, Beene Garter LLP, Grand Rapids Lisa M. Pohl, JD – Senior Tax Manager, Beene Garter LLP, Grand Rapids

About This Session:

Trusts come in many forms, so we let the experts cover what a trust is and how it can be used to help clients pass on their wealth to heirs. Learn the various approaches to estate planning with trusts, as well as the ins and outs of taxation with respect to trusts. Stephanie Myott-Beebe, JD – Estate Planning Attorney, Rhoades McKee, PC, Grand Rapids John T. Klees, JD, LLM – Estate Planning Attorney, Rhoades McKee, PC, Grand Rapids

About This Session:

If an estate generates more than $600 in annual gross income, it’s subject to taxation. Focus has shifted in recent years to basis planning with partnership /partnership divisions. We give you the groundwork to help your clients navigate estate planning and address powers of appointment within an estate. George W. Gregory, CPA, CGMA, JD, MBA – Attorney, Kemp Klein Law Firm, Troy

About This Session:

The type of business entity your clients choose will depend on three primary factors: liability, taxation and record-keeping. This entity decision determines the future tax issues that could be faced. Examine the different types of entities, the effects of the Tax Cuts and Jobs Act on entity choice and how Section 1202 can help investors avoid corporate tax on accumulated earnings and aid small businesses. Douglas J. Bekker, CPA – Tax Partner, BDO, Grand Rapids Sara J. Hendrix, CPA – Tax Senior Associate, BDO, Grand Rapids

About This Session:

The Tax Cuts and Jobs Act was the first big change in the tax laws for 30 years. Individual taxpayers are still adjusting, and updates are coming every year. Download current changes, including Section 4968 excise tax for certain private colleges and universities, the limitation of deductions for dividends received from certain foreign corporations and more.

About This Session:

Recent changes limit interest deductibility for corporations and the 163j cuts the corporate interest deduction to 30 percent of adjusted taxable income with the disallowed interest carrying forward to the following year, indefinitely. Cover this important change, plus how the Tax Cuts and Jobs Act affects your corporate clients this year.

About This Session:

Corporate income tax is the third largest source of federal revenue, after the individual income tax and payroll taxes. No wonder it can be so complicated. Dig into partnership and flow-through entity updates for small businesses and basis planning for passing on wealth and property to the next generation. Peter J. Lozicki, JD – Attorney, Rhoades McKee, PC, Grand Rapids

About This Session:

The 2017 Tax Cuts and Jobs Act created one of the greatest tax-minimization opportunities since the 1981 Reagan cuts, Qualified Opportunity Zone Funds (OZ Funds). OZ Funds are designed to spur economic development and job creation by creating tax incentives to encourage investment in businesses located in economically-distressed communities. In return for these investments, investors can receive tax deferrals and possible elimination of capital gains taxes on their OZ Fund investments. Learn about these funds and how they can help you and your clients. Michael C. Zahrt, JD – Associate, Foster Swift Collins & Smith PC, Grand Rapids

About This Session:

With the Tax Cuts and Jobs Act having raised the bonus depreciation percentage to 100 percent through 2022 including on used qualified property, businesses can capture more expense deductions than ever before. Review how to maximize expenses first with the safe harbors and the tangible property regulations. When you MUST capitalize learn how to use Cost Segregation and partial asset disposition to maximize Bonus Depreciation, Section 179l and QIP. Warren Dazzio – Executive Vice President of Development, CSSI – Cost Segregation Services Inc., Baton Rouge, LA

About This Session:

Significant repercussions can occur both legally and for the reputation of yourself and your firm if ethics are not given the utmost respect and precedence in conflict of interest situations. Fortunately, CPAs can “ACE” conflicts of interest by considering: Awareness, Communication, and Exit. Conflicts can be handled with cooperation and confidentiality waivers according to Circular 230, but there may be preemptive steps that could be just as effective. The AICPA Code of Professional Conduct will be referenced. Bryan R. Bays, CPA – Tax Senior Manager, RSM US LLP, Detroit

Additional Information

Overnight Accommodations:
Overnight accommodations are available at the Courtyard by Marriott Grand Rapids Downtown on 11 Monroe Ave. NW, and can be made by calling 616.242.6000. When registering, please identify yourself as a MICPA registrant to receive the special rate. Please make your reservation early. The facility may release the room rate 3-4 weeks before the program. Rates cannot be guaranteed after this time.

Some sessions may qualify for CFP and/or EA credit (pending approval)

Electronic materials are available approximately 48 hours prior to the event, and can be downloaded on the My Registration page.

Program Attire:
For your comfort, casual attire is welcome. We recommend using the “layered method” to give you flexibility to adjust to the room temperature.

100% Satisfaction Guarantee:
MICPA delivers the highest quality educational experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.