Pre-Conference: Monday, May 2

9:00 AM-11:30 AM
(PT)

TAX
Tax Practice Leaders Meeting

Target Audience: Tax Practice Leaders and Tax Specialty Firm Members of BRN

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.

Day 1: Monday, May 2

1:00 PM-2:00 PM
(PT)

TAX
Private Client Service Update

BDO USA, LLP

This session will review a survey of the most important Private Client Service updates over the prior year.

1:00 PM-2:00 PM
(PT)

TAX
Top Accounting Methods Considerations for the 2021 Tax Year
BDO USA, LLP

This course will explore the most relevant accounting methods planning opportunities and compliance considerations that apply to taxpayers in nearly every industry. Topics will include accounting method considerations related to tax reform, as well as important updates related to revenue recognition, lease accounting, and the interplay between accounting methods and certain international provisions (e.g., FDII, BEAT and GILTI).

Day 2: Tuesday, May 3

8:00 AM-9:20 AM
(PT)

TAX
Overview of Schedule K-1 Reporting Requirements, including Schedules K-2/K-3

BDO USA, LLP

This session will provide an overview of the new reporting requirements covered in Schedules K-2 and K-3.

8:00 AM-9:20 AM
(PT)

TAX
State Income Tax Legislative & Judicial Update
BDO USA, LLP

This session will address key state income tax developments and trends, including updates on nexus, state conformity/decoupling to federal tax reform, market-based sourcing, combined/unitary reporting, pass-through entity taxes, and more.

9:30 AM-10:30 AM
(PT)

TAX
Executive Compensation in a Post-COVID-19 Work Environment
BDO USA, LLP

During COVID-19 lockdowns, employees experienced newfound freedom on how and where they perform their duties. These changes impacted the needs of executives too when evaluating a compensation package and related tax implications. This session will explore how businesses can update their incentive structure to align behaviors and rewards with the new work environment.

9:30 AM-10:30 AM
(PT)

TAX
Tax and Business for the Cannabis Industry
BDO USA, LLP and Nick Petcoff, Conifer Holdings, Inc. (BRN Member)

Cannabis has developed into a multibillion-dollar industry, gaining significant support from the American public. The successful economic impact and growing acceptance of marijuana is being noticed by investors. In this session, we will discuss an overview of the industry, the progress that’s been made and the current challenges still being faced in day-to-day operations, including regulations, banking, insurance and taxation.

10:40 AM-11:30 AM
(PT)

TAX
10 Common Mistakes with Private Client Matters
BDO USA, LLP

This session will address 10 of the most common mistakes we’ve encountered through the years in reviewing Private Client Services planning and compliance, and how you can avoid making the same mistakes.

10:40 AM-11:30 AM
(PT)

TAX
Global Mobility in the World of Remote Work
BDO USA, LLP

The way people can and will work has been revolutionized, and all companies must take a look at their policies and procedures to make sure they are staying abreast of the relevant and related matters (tax or non-tax). This session will address the breadth of considerations around hybrid and remote work, as well as help chart out a plan for how to customize and create a plan.

1:00 PM – 2:40 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 updates; the application of section 163(j); the Service’s response to certain state enactments of pass-through entity taxes; PPP loans, related expenses and forgiveness; statutory developments under the CARES Act and Consolidated Appropriations Act, 2021; new Schedule K-1 reporting requirements; and single-class-of-stock issues.

1:00 PM – 2:40 PM
(PT)

TAX
ASC 740 Update: Traps for the Unwary
BDO USA, LLP

ASC 740 continues to be one of the most challenging areas of the financial statements for both public and private enterprises. This session will focus on the more challenging aspects and allow attendees to gain a stronger understanding of various topics that can be traps for the unwary, such as accounting for the impact of enacted tax law changes, valuation allowance assessments and scheduling of temporary differences, pushdown accounting issues, and income tax accounting for investments in partnerships, among many others.

3:00 PM – 4:40 PM
(PT)

TAX
Tax Controversy Update
BDO USA, LLP

This session will include an update on IRS examination and appeals, as well as procedural options available to those undergoing an exam. Recent IRS campaigns will be covered, as well as other hot topics and recent developments in federal tax procedure, current court cases, IRS operational challenges, and other relevant IRS activity.

3:00 PM – 4:40 PM
(PT)

TAX
Overview of Important Developments Affecting Partnership Taxation
BDO USA, LLP

This course will cover recent developments impacting partnership taxation and partner reporting. Topics to be covered may include developments impacting income/loss allocations, partner capital account reporting, application of self-employment tax to distributive share allocations, and important transaction considerations including calculation of section 743(b) basis adjustments and equity rollover transactions.

Day 3: Wednesday, May 4

8:00 AM-9:30 AM
(PT)

TAX
What Global (or International) Tax Reform Means for the Middle Market
BDO USA, LLP
The international tax landscape is constantly changing with new guidance from the IRS and Treasury. This session will review recent international tax developments and the impact that such developments can have on your clients with cross-border structures and transactions.

8:00 AM-9:30 AM
(PT)

TAX
Tax Strategies for Selling a Business
BDO USA, LLP
This session will provide valuable perspectives from both the buyer and the seller in each transaction, discuss the character of each gain and applicable tax rates, and the impact of whether to use or elect out of the installment method to defer taxation or avoid higher rates in the future.