Wine Industry Conference Dec. 8 Napa Valley & Webcast Wine Industry Fundamentals: Tax, Accounting and Auditing Dec. 9 Napa Valley & Webcast
2014 WINE INDUSTRY CONFERENCE DEC. 8, 2014 2014 WINE INDUSTRY FUNDAMENTALS DEC. 9, 2014 NAPA VALLEY MARRIOTT HOTEL & SPA AND WEBCAST
CONFERENCE OVERVIEW Overview: California’s wineries are recognized as some of the finest producers in the world and that standard of excellence extends to the professionals serving the industry. CalCPA Education Foundation offers two conferences to help you get ahead—and stay ahead—of your competition. For the latest industry trends; updates on accounting, tax and legal issues; and best practices from industry leaders you won’t want to miss the Wine Industry Conference, Dec. 8. Attend Wine Industry Fundamentals: Tax, Accounting and Auditing on Dec. 9 to explore key tax and business issues related to accounting for fixed assets and inventory accounting. Register today to ensure that you are in the know for the upcoming year when it comes to this thriving vertical market.
Designed for: CPAs, CFOs, controllers, attorneys, management accountants, consultants and other professionals who do business in the wine industry. Credit Information Dec. 8 CPE: 7 Hours Non-technical: 1 Hour AA: 1 Hour MCLE: 5 Hours Credit Information Dec. 9 CPE: 8 Hours AA: 4 Hours Level: Dec. 8: Update Dec. 9: Overview Prerequisites: None
Napa Valley Marriott Hotel & Spa 3425 Solano Ave. Napa, CA 94558
AGENDAS {AT-A-GLANCE}
Wine Industry Fundamentals: Tax, Accounting and Auditing Dec. 9
Wine Industry Conference Dec. 8
08:30
Welcome and Introductions
08:30
Welcome and Introductions
08:35
The Role of the CFO from the CEO’s Perspective
08:35
Fixed Asset Accounting
12:00
Lunch (Plated lunch provided)
09:25
Employment Issues in the Vineyard and Winery
01:00
Inventory Accounting
04:30
Adjourn
10:15
Break
10:25
Contracts Boot Camp: Boilerplate and Beyond
11:15
Effective Negotiation Skills
12:15
Lunch (Plated lunch provided)
01:15
FASB Update
02:05
Wine Law Basics: What You Need to Know about TTB and ABC Regulations to Effectively Represent Your Clients
03:00
Break
03:10
Tax Update
04:40
Adjourn
Wine Industry Conference Dec. 8 Napa Valley Marriott Hotel & Spa and Webcast 08:30
Welcome and Introductions
11:15
Michelle M. Ausburn, CPA Burr Pilger Mayer Inc. Conference Co-Chair L. Gregory Scott, CPA PwC LLP (Retired) Conference Co-Chair 08:35
The Role of the CFO from the CEO’s Perspective As wineries grow, so do the responsibilities and requirements of the finance team. Whether you work in the industry or public accounting, you will be interested to learn what a CEO expects from his CFO and financial advisers. This session will give insight into what you can do to support your CEO and how you can provide more value to the winery’s finance team.
Richard P. Mendelson, Esq. Dickenson Peatman & Fogarty 12:15
{Lunch–plated lunch provided}
01:15
FASB Update Hear the latest FASB updates on goodwill, revenue recognition, leases and business combinations. This comprehensive update will prepare you to deal with new pronouncements, standards and implementation deadlines. Daniel J. Nutley, CPA Moss Adams LLP
Phil Hurst President and CEO Truett Hurst Inc. 02:05 09:25
Employment Issues in the Vineyard and Winery Take a proactive approach to address employment issues by arming yourself with knowledge. This session will teach you how to avoid wage/hour trap doors, review the Affordable Care Act with its specific impacts for wine industry employers and provide you with hiring best practices.
{Break}
10:25
Contract Boot Camp: Boilerplate and Beyond Explore custom crush contracts, vineyard leases, grape purchase agreements, notable provisions and alternating proprietorships and other contracts for navigating the ABC/TTB with attorney and sommelier Matt Eisenberg.
Wine Law Basics: What You Need to Know About TTB and ABC Regulations to Effectively Represent Your Clients Be in the know on the hottest topics impacting your clients including sponsorships, events and third party marketing. Additionally, learn the license type basics (Type 02 vs. Type 17/20), entity formation, structural issues and changes requiring agency reporting. Bahaneh Hobel, Esq. Dickenson Peatman & Fogarty
Jan Gabrielson Tansil, Esq. Spaulding McCullough & Tansil LLP 10:15
Effective Negotiation Skills Negotiating deals effectively is critical for longterm success. This session will help you improve your negotiation strategy for working with winery owners, grape growers, distributors and importers. Additionally, you will learn negotiation tactics for acquisitions and transactions.
03:00
{Break}
03:10
Tax Update From repair regulations to hobby loss assertions, you’ll be in the know when it comes to tax updates that will impact the wine industry. The tax experts leading this session will also discuss state apportionment, sales and use tax and IRS hot buttons. David G. Pardes, CPA PwC LLP
Matt Eisenberg, Esq. Matt Eisenberg Attorney at Law
L. Gregory Scott, CPA PwC LLP (Retired) 04:40
Adjourn
Wine Industry Fundamentals: Tax, Accounting & Auditing Dec. 9 Napa Valley Marriott Hotel & Spa and Webcast Welcome and Introductions
08:30
Michelle M. Ausburn, CPA Burr Pilger Mayer Inc. Conference Co-Chair
12:00
{Lunch–plated lunch provided}
01:00
Inventory Accounting Inventory costing in the wine industry can seem mysterious. Danielle Sandoval and Dave Dillwood demystify the process of GAAP and tax wine costing, including discussion of LIFO and various tax elections which can be made to simplify the calculations, result in more immediate tax benefit, or both. Participants will come away from the session with a better understanding of what belongs in wine costs in the financial statements and tax returns, and the options that exist for their winery, or their winery clients.
L. Gregory Scott, CPA PwC LLP (Retired) Conference Co-Chair Fixed Asset Accounting People often overlook the complexity involved in recording and reporting fixed asset transactions in general, and the wine industry has some unique issues unto itself. Michelle Ausburn and Dave Dillwood will discuss the intricacies of accounting for fixed asset acquisition, construction, reporting, and depreciation, including the specific differences between GAAP treatment and tax accounting for fixed assets. They will also address accounting for self constructed assets, the effect of the preproductive period cost election on depreciation of farm assets and acquisition accounting in business acquisitions and combinations. These experts will provide insights to clarify the options available to accounting professionals trying to navigate these complex rules.
08:35
Michelle M. Ausburn, CPA Burr Pilger Mayer Inc. David P. Dillwood, CPA Dillwood, Burkel & Millar, LLP
David P. Dillwood, CPA Dillwood, Burkel & Millar, LLP Danielle E. Sandoval, CPA Zainer Rinehart Clarke, CPAs 04:30
SESSION DETAILS Silver Sponsor
Gold Sponsor
Thank you to our generous sponsors:
wine Sponsors
Adjourn
CONFERENCE PLANNING COMMITTEE
Conference Planning Committee Michelle M. Ausburn, CPA Burr Pilger Mayer Inc. Conference Co-Chair L. Gregory Scott, CPA PwC LLP (Retired) Conference Co-Chair Jon P. Dal Poggetto, CPA Dal Poggetto & Company LLP David P. Dillwood, CPA Dillwood, Burkel & Millar, LLP Lori Felando, CPA (Inactive) St. Supéry Estate Vineyards & Winery
Christina Z. Hollingsworth, CPA Dillwood, Burkel & Millar, LLP Robert A. Murphy, CPA Frank, Rimerman + Co. LLP Amy Smith, CPA, CSEP Moss Adams LLP Betsy M. Stewart, CPA, CGMA Zainer Rinehart Clarke, CPAs Emma J. Swain, CPA St. Supéry Estate Vineyards & Winery
YOUR has come true CalCPA Education Foundation Value-Priced Education (VPE) discount programs are now valid for one year from date of purchase.
2014-15 Discount Programs: VPE 80 $1,295 VPE 40 $795 Purchase during your license renewal month to VPE 24 $675 maximize your savings while earning up to 80 hours of CPE through our conferences, courses and on-demand and PDF self-study products. You have more than 1,200 offerings from which to choose.
Learn more and purchase a discount program at
calcpa.org/discount.
REGISTRATION INFORMATION
REGISTER ONLINE calcpa.org/WineIndustry14
Contact CalCPA Education Foundation P.O. Box 45066 San Francisco, CA 94145-0066 Phone (800) 922-5272 Fax (888) 868-8558 Web calcpa.org Event Pricing Member $325 (per day) Nonmember $425 (per day) Conference Registration Wine Industry Conference Dec. 8 Napa Valley 5141542A Dec. 8 Webcast 5141542B Wine Industry Fundamentals: Tax, Accounting and Auditing Dec. 9 Napa Valley 5142817A Dec. 9 Webcast 5142817B Discount Programs Save hundreds with Value-Priced Education (VPE) and Coupons. VPE 80 $1,295 CalCPA Member VPE 40 $795 CalCPA Member VPE 24 $675 CalCPA Member Coupon 10 $2,495 CalCPA Member Learn more about CalCPA discount programs, (800) 922-5272 or calcpa.org/discount Materials for this conference are provided in PDF format. You will receive an email that contains a link for accessing the materials at least three days before the conference.
Registration Policy All registrations are taken on a first-come, firstserved basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate. Cancellation Policy If you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows. VPE no-shows will have the number of registered CPE hours deducted from their VPE credit. Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies. Note: Topics and speakers are subject to change. For up-to-date information, please go to calcpa.org CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or www.learningmarket.org.