Gather with other CPA firm leaders this May to learn and collaborate on common challenges and share insights. Topics are selected by the TXCPA CPA Practice Issues Committee are sure to be timely and very informative. Don't miss this opportunity to boost key aspects of your firm operations.
WHEN: 8:30 a.m. - 5:15 p.m. (CT) | May 29, 2024
FORMAT: In person and webcast
Member fee: Early bird Member $289, standard member $319
Early Bird Registration Deadline: Friday, April 26, 2024
CPE Hours: 9 hours in person | 7.5 hours webcast
WHERE: DoubleTree Dallas Love Field | Reserve a room
3300 W Mockingbird Ln, Dallas, TX 75235 | Map
Discounted room rate of $182 is based on availability. Contact hotel directly at 800-774-1500 for best available rate after May 14 or once room block is full.
SESSION TOPICS:
Wednesday, May 29, 2024
8:30 – 9:45 a.m. - The Current Status of the Corporate Transparency Act and Beneficial Ownership Information (BOI) Reporting
Isreal Miller, JD, LLM, CPA, CFP/Partner/Atwood & McCall, PLLC/Dallas
Effective January 1, 2024, an estimated 32.6 million entities were required to report information about their beneficial owners to FinCEN as part of the Corporate Transparency Act (CTA). To combat money laundering and other illegal activities, the law provides harsh penalties for the failure to report the required information. This reporting specifically targets small businesses and holding entities, creating opportunities for accountants, tax practitioners and other business advisors to expand their service offerings. The reports require the listing of all “beneficial owners,” and they are imprecisely defined, possibly requiring an exercise of judgement. Therefore, proper education of professionals and business owners is paramount for accurate reporting. The course includes an overview of the CTA and a detailed discussion of what information needs to be reported to FinCEN.
Major Topics:
- The Corporate Transparency Act and its goals
- Which entities need to file reports and which entities are exempt?
- Deep dive into the definitions of beneficial owner and substantial control
- Information that needs to be reported
- Logistics on how and when to file the forms
- What to do considering the recent decision out of Alabama deeming the CTA unconstitutional
Learning Objectives:
- Understand the goals of the beneficial ownership reporting
- Understand its reporting requirements
- Understand what to do in light of the recent court decision
Skill Level: Intermediate
Field of Study: Business Law (Technical)
CPE Hours: 1.5
9:45 – 10 a.m. | Break
10 – 11:15 a.m. - Maximizing the Strengths of a Multigenerational Workplace
Mackenzie Childs, MS, I/O/Psychologist/Blink & Company/Houston
This presentation is designed to highlight the current trends of navigating a multigenerational workforce and provide insight into future trends that could shape recruitment and retention strategies. You will be given easy to implement strategies that can promote workplace productivity, facilitate effective communication and foster a more inclusive culture.
Major Topics:
- Current and future multigenerational trends
- Strategies for retention
- Strategies for recruitment
- Level-setting for effective communication
- Strategies to implement tomorrow
Learning Objectives:
- To recognize strategies for effective communication
- To diffuse major stressors for a multigenerational workplace
- To identify ways to motivate your immediate team members
- To identify techniques for recruitment/retention
- To identify workforce trends
Skill Level: Basic
Field of Study: Business Management & Organization (Non-Technical)
CPE Hours: 1.5
11:15 – 11:30 a.m. | Break
11:30 – 12:45 p.m. | Lunch Session (will not be available via webcast)
Practice Management Groups – Panel Discussion
Terri Hornberger, Jerry Spence and Lei Testa
12:45 – 1 p.m. | Break
1 – 2:15 p.m. - M&A/Succession Planning Session
Alison Reiff-Martin, Steve Cromwell and Nolan Duck
2:15 – 2:30 p.m. | Break
2:30 – 3:45 p.m. - Quality Control vs. Quality Management
Lindsey Kennimer, CPA/Partner/Snow Garrett Williams/Weatherford
In this session, we will be covering the new Quality Management Standards, revisiting the existing Quality Control Standards and discussing the differences between the two. We will also discuss tips for implementing the new standards and maintaining quality under both the new and existing standards, including practical considerations for small firms.
Major Topics:
- Differences between the Quality Management and Quality Control Standards
- Tips for implementing the new standards and maintaining quality
Learning Objectives:
- Gain an understanding of the differences between the Quality Control and Quality Management Standards
- Learn practical considerations for implementing the new standards
- Develop a better understanding of how to maintain quality under both the new and existing standards
Skill Level: Basic
Field of Study: Auditing (Technical)
CPE Hours: 1.5
3:45 – 4 p.m. | Break
4 – 5:15 p.m. - Cybersecurity and Technology Risk Management for Professional Service Providers
Marcus Burnside/Senior Associate/Chamberlain Hrdlicka/Houston
As we enter a new world of data privacy and cybersecurity, the weapons and procedures we once used to protect ourselves against the cyber threats of yesterday have become ineffective and dull. Whether it’s deploying your “security six” measures or sharpening your data privacy agreements, new developments and regulations in cybersecurity and data privacy have created a need to generate a more precise and intentional strategy that allows businesses to balance operational flexibility and legal compliance. To ensure that your business runs as smoothly as possible, it’s time to enable your multi-factor authentication, encrypt your data and fortify your IT department.
Major Topics:
- Legal updates relating to data privacy and cybersecurity requirements for professional service providers
- Best practices for vendor risk management
- Best practices for maintaining client trust
Learning Objectives:
- Internal cybersecurity practices that should be adopted and implemented
- Key points to watch for in vendor contracts
- The basics of how data is protected from a technical perspective to enable understanding of why these practices provide useful benefits
Skill Level: Intermediate
Field of Study: Information Technology (Technical)
CPE Hours: 1.5