FARMERS TAX and ACCOUNTING CONFERENCE SEPT. 17, 2015 | FRESNO WEBCAST calcpa.org/fta
new programming: afternoon
concurrent sessions
CONFERENCE OVERVIEW Overview: California is the leading producer of fruits, vegetables, wine and nuts in the U.S. and dairy products contribute the largest single share of farm income in the state. A CPA’s knowledge and experience can make a big difference in the business affairs of farmers. As a trusted adviser, it is more important than ever that you help your clients or employer identify, quantify and assess the best way to handle a wide range of business matters. Whether from small or large farms, it is important for you or your client to resolve complex tax, audit and operational challenges. This conference will provide crucial knowledge and information about current topics, economic trends, incentives, and key tax and audit updates. Designed for: CPAs, CMAs, other financial professionals and attorneys working directly in farming and agribusiness. Credit Information: CPE 9 hours AA 1.5 hours MCLE 6.25
AGENDA AT-A-GLANCE 8:30
Welcome
8:35
Legislative Update: How State Policies are Impacting Your Water Use
9:25
A&A Update: Practical Applications
10:40 BREAK 10:50
You’ve Been Hacked … Now What??
12:05
LUNCH (Plated lunch provided)
12:50
Luncheon Speaker: Economic Trends in Agribusiness
1:45
Solar Energy…Is It Right for You?
2:35
BREAK
2:45
Concurrent Sessions (Choose One): Farming 101 (2:45–5:05 p.m.)
OR
NEW CONCURRENT SESSIONS
Estate Tax Refocused (2:45 p.m. – 3:35 p.m.) AND Tax Update: Federal and California (3:35–5:05 p.m.) 5:05
PLATINUM SPONSOR
Adjourn
LUNCH SPONSOR
FARMERS TAX AND ACCOUNTING CONFERENCE SEPT. 17, 2015 | Fresno & Webcast
CONFERENCE PLANNING COMMITTEE Marti Noell, CPA Conference Chair Noell Agnew & Morse LLP Louis J. Barbich, CPA Barbich Hooper King Dill Hoffman Katherine G. Hall, CPA Moss Adams LLP
Gina F. Lee, CPA Atherton & Associates LLP CPA R. Ian Parker, CPA M. Green & Company LLP CPAs Toni M. Porter, CPA, MST, AEP Toni M. Porter, CPA, MST, AEP
SESSION DETAILS 8:30
8:35
Welcome
2:35
BREAK
Marti Noell, CPA Conference Chair Noell Agnew & Morse LLP
2:45
Concurrent Sessions (Choose One): Farming 101* (2:45 p.m. – 5:05 p.m.)
*will not be webcast, but recording will be available to all attendees for reference after the conference. • What is farming? • Estimates and penalties • Income averaging • Ability to use prepayments • Depreciation/263A elections • Paying with commodities • Cash vs. accrual • Accrual limits • Employee housing
Legislative Update: How State Policies are Impacting Your Water Use • • • •
Sustainable Groundwater Management Act Water rights The Water Bond and California Water Commission What to expect next year
Lauren M. Noland-Hajik, Esq. Kahn, Soares & Conway, LLP 9:25
A&A Update: Practical Applications
R. Ian Parker, CPA M Green & Company LLP CPAs
• Recent changes • Leases • Variable interest entites • Revenue recognition • Sale-leaseback • Analytical analysis
OR Estate Tax Refocused (2:45 p.m. – 3:35 p.m.) •Estate tax vs. income tax • Portability • Form 706 prep for small estates • Valuation issues • Document revision • Discounts vs. no discounts • Structure planning considerations • Gift tax
Speaker to be announced 10:40
BREAK
10:50
You’ve Been Hacked…Now What?? • How to protect yourself • Indicators: What warrants your attention? • Communication • What do you do? • What do you tell your clients? • Reporting to IRS, others • Identity theft • Protecting/fixing your credit score • Cyber-crime
David B. Gaw, Esq. Gaw Van Male LLP Jeffrey P. Stephens, Esq. Gaw Van Male LLP AND Tax Update: Federal and California (3:35–5:05 p.m.)
Randy R. Werner, J.D., LL.M., CPA CAMICO 12:05
LUNCH (Plated lunch provided)
12:50
Luncheon Speaker: Economic Trends in Agribusiness • • • •
• • • • • • • • •
Land values Commodity markets Water issues Outside money
Dean F. Andal PwC LLP
J. Curt Covington Federal Agricultural Mortgage Corporation 1:45
Matt Bobadilla, CPA PwC LLP
Solar Energy…Is It Right for You? • Lease vs. purchase • How to know the difference • Economic analysis • Sustainability vs. economics • Outside forces
Chad Cummings JKB Energy
New legislation Water issues Form 1099 penalties Audits of R&D credits Passive loss groupings Property taxes Casualty losses Cash method of accounting Agriculture machinery and equipment
5:05
ADJOURN
REGISTRATION INFORMATION Register Online calcpa.org/FTA Conference Registration Sept. 17, 2015 Fresno | 5151252A Webcast | 5151252B Member $325 | Nonmember $425
VPE 80
VPE 40
VPE 24
Want to pay using a CPE discount program? CalCPA Education Foundation member discount programs offer great value and can be used for conferences, courses, staff training, and CPE Weeks, now including exclusive Luxury CPE destinations. calcpa.org/discounts Contact CalCPA Education Foundation P.O. Box 45066 San Francisco, CA 94145-0066 (800) 922-5272 (888) 868-8558 Fax calcpa.org Materials for this conference are provided in PDF format. Three business days before the conference, they will be accessible via calcpa.org/MyEvents.
Registration Policy All registrations are taken on a first-come, first served 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 learningmarket.org.
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FARMERS TAX AND ACCOUNTING CONFERENCE
FRESNO AND WEBCAST
SEPT. 17, 2015
FARMERS TAX AND ACCOUNTING CONFERENCE
Sept. 17 ■ Fresno & Webcast
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