Monday, May 1: Forums & Roundtables
9:00 am – 12:00 pm (PT)
Tax
Tax Practice Leaders Forum
This gathering of tax practice leaders from Alliance firms, including BDO Tax partners, will allow for ample discussion of challenges, best practices and ideas in running profitable and efficient tax practices. The session will also include technical topics of interest with panel discussions that feature BDO Tax leaders.
Tuesday, May 2
8:00 am – 9:00 am (PT)
Tax
ASC 740 Update and Tax Risk Services
BDO USA, LLP
ASC 740 Income Taxes continues to be one of the most challenging areas of the financial statements for both public and private enterprises, from smaller entities to large public companies. This session will focus on the more challenging aspects of ASC 740 and allow participants to gain a stronger understanding of various topics that can be traps for the unwary. It will also cover how the implementation of Tax Control Framework, from small to large companies, can help mitigate tax risk. Topics to be covered include: accounting for the impact of enacted tax law changes; tax accounting implications of recent FASB Accounting Standard Updates; and understanding operational tax risk and its implications for all companies, among many others.
8:00 am – 9:00 am (PT)
Tax
Corporate Transaction Considerations and Computations, including ESOPs
BDO USA, LLP
During this session, we will discuss various types of M&A transactions from a U.S. federal income tax perspective where ESOPs are involved and our approach to modeling the related U.S. federal income tax ramifications.
9:15 am – 10:30 am (PT)
Tax
Accounting Methods Hot Topics
BDO USA, LLP
This session discusses recent developments in Accounting Methods that tax practitioners should consider for their clients to evaluate the timing of income and expense items. We will cover recent changes in tax law, new regulatory guidance, and highlight recent procedural rules that will assist taxpayers with compliance and tax planning issues.
9:15 am – 10:30 am (PT)
Tax
Partnership Tax Update
BDO USA, LLP
This session will cover developments occurring over the past 12 months and their impact on partnership taxation. Topics to be covered include a review of recent legislative, judicial, regulatory and administrative guidance. Additionally, recent trends and potential planning opportunities relating to partnership transaction planning will be discussed.
10:45 am – 12:00 pm (PT)
Tax
S Corporation Update
BDO USA, LLP
This course will address the most significant developments within the last year of interest to S corporations and their shareholders, including legislative, regulatory and administrative updates; the Service’s response to certain state enactments of pass-through entity taxes; clarification of the areas in which an S corporation may (or may not) obtain a private letter ruling to address its federal income tax status; and updates on Schedules K-1, K-2 and K-3 reporting requirements.
10:45 am – 12:00 pm (PT)
Tax
Tax Controversy Update
BDO USA, LLP
This course will discuss the operational issues and challenges the IRS continues to experience, evaluate procedural options, discuss exam and appeals activity, and review hot topics in procedure.
10:45 am – 12:00 pm (PT)
Capacity Management | Tax
Growing Your Tax Capacity Through Outsourcing
Alliance Panel – facilitated by Bob Lewis, The Visionary Group (BRN Member)
Demand for staff is at an all-time high in the accounting profession. The shortage in qualified tax professionals has created new challenges for firms, causing them to consider alternative ways to enhance their talent pool and increase capacity. In this panel discussion, learn how your peers have utilized outsourcing resources to address the pressure of meeting the tax deadlines with a shortage of staff.
1:30 pm – 2:30 pm (PT)
Tax
Partnership Transaction Considerations and Computations
BDO USA, LLP
This session will discuss a variety of partnership transactions focusing on important considerations and related calculations. Transactions involving partnership equity rollover, taxable purchase of partnership interests, pre-transaction partnership formations, and partnership terminations are some of the topics to be addressed.
1:30 pm – 2:30 pm (PT)
Tax
Automated Tax Solutions for Immediate Deployment
BDO USA, LLP Panel
BDO’s Tax Automation and Innovation practice has been hard at work solving for a broad spectrum of clients, from private family offices to large multi-national organizations, and all have one thing in common: data and process challenges amid tighter deadlines and more complex tax regulations. As tax compliance and consulting providers, we must take a hard look at not only how we build and deliver 3rd party and/or custom solutions to our clients, but also how we manage our practice and our people to be as efficient as possible. Join this session to learn more on how to build, deploy or take advantage of some of the best and most innovative ideas for tax in the digital age.
2:45 pm – 3:45 pm (PT)
Tax
Private Client Services Tax Update
BDO USA, LLP
This session is designed to review the more significant updates impacting private clients in the last 12 months.
2:45 pm – 3:45 pm (PT)
Tax
Indirect Tax Update: Including Key Issues and Trends for Sales Tax and VAT
BDO USA, LLP
This session will address key state sales tax and value added tax developments and trends with significant implications for clients. With the increased e-commerce acceleration, it is easier than ever for businesses to sell products and services domestically and internationally, radically transforming the landscape of indirect tax. Widespread adoption of economic nexus and marketplace facilitator laws for sales tax, coupled with tax administrators attempting to fill the gaps with current (and outdated) tax laws, has left many taxpayers and practitioners scratching their heads. U.S. sellers also need to be aware that they may have VAT/GST collection responsibilities starting with the first dollar.
4:00 pm – 5:00 pm (PT)
Tax
Foreign Trusts and Estates: Be Afraid, Be Very Afraid!
BDO USA, LLP
This session will explain the tricky differences between a U.S. domestic trust and estate and a foreign trust and estate. We will discuss the forms to be filed for foreign trusts and estates, including forms 1040NR, 3520 and 3520A, and review the huge penalties that can apply for failure to file forms 3520 and 3520A.
4:00 pm – 5:00 pm (PT)
Tax
Inflation Reduction Act: Tax Incentives for ESG Investments
BDO USA, LLP
The Inflation Reduction Act is the largest-ever U.S investment committed to combat climate change through significant new policies in support of clean energy and ultimate energy security. In this session, we will discuss the available energy incentives and how tax plays a key role in supporting investment in the renewable energy transition.
Wednesday, May 3
8:00 am – 9:15 am (PT)
Tax
International and Corporate Tax Update
BDO USA, LLP
This session will cover the new corporate business minimum tax, including its application to inbound structures; the excise tax on stock buyback programs; excess loss account provisions; energy incentives; the final foreign tax credit regulations and subsequent guidance; and common international planning opportunities.
9:30 am – 10:30 am (PT)
Tax
State Income Tax Update and How to Successfully Manage State Tax Controversies
BDO USA, LLP
This session will explore key state income tax developments and trends in the past year, including updates on nexus, PL 86-272, market-based sourcing, combined/unitary reporting, pass-through entity taxes, and more. In addition, we will cover best practices for successfully managing state tax controversies, including how to respond to notices and questionnaires, managing the scope of the audit, techniques for negotiating settlement agreements, and determining whether to appeal state audit findings.
9:30 am – 10:30 am (PT)
Tax
The Strategic Market for Accounting Methods
BDO USA, LLP
In this session, we will discuss strategies for accounting methods in traditional and reverse tax planning, as well as emerging market trends for accounting methods.