Tuesday, June 18, 2019 – Tuesday, June 18, 2019 | 7:45am – 4:00pm

Western MA Combo Conference

The start date for this course has passed. Registration is no longer available.

 

Agenda

7:30 - 8:00 a.m.

Registration/ Breakfast

 

8:00 - 8:15 a.m.

Welcome and Opening Remarks

 

8:15 - 9:30 a.m.

Economic Outlook for Western Massachusetts and the Berkshires

Rick Sullivan, Economic Development Council of Western Massachusetts
Jonathan Butler, 1berkshire

 

9:30 - 10:30 a.m.

Financial Accounting and Auditing Update

Bonnie Kennedy, Loscalzo

All accounting and financial professionals need to be aware of recently issued and proposed standards from the Financial Accounting Standards Board (FASB) and AICPA. Participants will apply the changes and discuss issues surrounding the latest developments in accounting, auditing, preparation, compilation and review pronouncements and proposals.

 

10:30 - 10:45 a.m.

Networking break

 

10:45 a.m - 12:00 p.m.

Information Privacy and Security - Today's Biggest Risk for You and Your Clients

Cam Shilling, McLane Middleton

The digital age has heralded explosive growth in the amount of sensitive data and financial information that is created, stored and transmitted on computers and mobile devices and across the Internet and broadband. The very same technological advancements that have defined our times also pose threats to personal privacy and security, and serious potential liability to businesses that fail to take appropriate measures to protect personal information. This presentation will address the variety of regulations arising in this area – from local to federal, to international – and the processes that business should undertake to become compliant. We will also cover the key measures that individuals should implement to safeguard the privacy and security of themselves and their families.

 

12:00 - 12:45 p.m.

 

Lunch

 

 

12:45 - 2:00 p.m.

Concurrent Sessions (Choose One)

 

A.) 2019 Tax Season - Lessons Learned for Businesses and CPAs

 Audrey Young, Of Council, McLane Middleton

The new tax law created a challenging busy season for both taxpayers and CPAs. This session will dive into the tax law changes, including how they're affecting business owners and what CPAs can do to prepare their clients for next year. Topics include income tax issues, mergers and acquisitions, SALT and estate and gift planning.  We will also cover the final regulations issued for Section 199A, pending legislation at the state and federal level, new valuation case law and the recent Supreme Court ruling in Wayfair, including how this landmark  case has affected businesses and accountants. 

B.) Nonprofit Update

Bonnie Kennedy, Loscalzo

Learn about new and proposed accounting and auditing standards and how they will impact nonprofit (NFP) entities and their auditors. Topics include the Financial Accounting Standards Board (FASB) guidance and projects specific to NFPs, other FASB guidance and projects that will impact NFPs and their auditors, AICPA accounting and auditing activities and a brief single audit update.

2:00 - 2:15 p.m.

Networking Break

 

2:15 - 3:30 p.m.

Concurrent Sessions (Choose One)

 

 

C.) How Blockchain and Other Technologies are Radically Changing the Accounting Industry

Nate Coughran, Wisdify

More than 75% of accountants have little or no knowledge of blockchain technology. However, blockchain and other technologies are radically changing the accounting industry and what it means to be an accountant. In this session we will explain what these technologies are, how they work and how they are shaping the accounting industry. We’ll also discuss the opportunities these technologies present to your firm and how you can harness them to stay competitive and grow.

 

D.) The Business of Cannabis

Scott Foster, Bulkley Richardson

With cannabis companies springing up throughout the Commonwealth, the chances are likely that one of your clients is already involved in the industry, whether directly or indirectly. In this session, we’ll discuss how these businesses are structured, what issues you need to be thinking about if you have a cannabis company as a client – or if your client is a landlord or investor in a cannabis company and how the industry is rapidly evolving.

 

3:30 - 4:15 p.m.

Professional Issues Update

Amy Pitter, Massachusetts Society of CPAs

Regarded as one of the profession's top thought leaders in Massachusetts, Pitter will draw on her extensive professional insights and experience to address the issues at the forefront of accounting. She will tap into larger-scale issues affecting the industry, including staffing, globalization and technology and discuss what firm leaders should start doing now to get ahead of impending changes and reach new success. 

 

 This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1119660  Click here for more details: https://www.mscpaonline.org/cpe/training_fund

 

 

 

 

 

 

Sponsors

Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$319.00
MSCPA Member
$319.00
AICPA Member
$399.00
Non-Member
$399.00

Conference Cost

You pay
$399.00
MSCPA Members save $80.00 on this course. Login or Join to take advantage of these savings.

The start date for this course has passed. Registration is no longer available.