Navigating the complexities of nexus can be quite the challenge, especially with the evolving landscape of remote work and economic nexus for sales and income taxes.  In this session we will delve into how remote workers affect state tax obligations, the intricacies of economic nexus, and the often-ambiguous guidance provided by states. This session would aim to dig more deeply into important and evolving issues as opposed to providing a broad overview.

Field of Study: Taxes
CPE: 1.30

This session will:

• Explore the intricacies of pass-through entity taxes, with a spotlight on North Carolina's taxed pass-through entity legislation, and see how it stacks up against other states' provisions;

• Delve into the eligibility criteria, the election process, and the calculation of taxable income and tax payments for PTEs; and

• Understand the necessary compliance and reporting requirements and common issues encountered with PTE taxes.

This session will also cover the impact of the November elections and some predictions on what might happen with the federal SALT cap and the impact to the state-level PTE taxes.

Field of Study: Taxes
CPE: 1.30

This course provides an essential overview of key multistate income tax concepts for tax professionals working with businesses operating across multiple states. It covers critical topics such as IRC conformity, common state modifications to federal income, bonus depreciation adjustments, and Net Operating Loss (NOL) treatment. Participants will also explore the complexities of allocation and apportionment, franchise taxes, and pass-through entity taxes. The course aims to equip attendees with a foundational understanding of multistate tax rules and their implications for compliance and planning.

Course Learning Objectives: 

1. Understand the impact of state conformity to the Internal Revenue Code (IRC) and identify common modifications that states make to federal income for tax purposes.

2. Recognize the differences in bonus depreciation treatment among states and learn how to account for required state-specific adjustments.

3. Analyze allocation and apportionment methods to determine multistate tax liabilities accurately, including understanding the distinctions between different apportionment formulas.

4. Evaluate state-specific Net Operating Loss (NOL) rules and their impact on businesses operating across multiple jurisdictions.

5. Identify key features of franchise taxes and pass-through entity taxes and their implications for multistate compliance and planning.

Field of Study: Taxes
CPE: 1.20

This session is designed for tax professionals who seek to deepen their understanding of state tax research. With the ever-evolving landscape of state tax regulations, staying current is critical for minimizing risks and optimizing tax positions. Participants will learn the essential skills and tools required to effectively research and interpret state tax laws, rulings, and administrative guidance. The session will also cover the state tax research resources and sources, including primary and secondary databases, online tools, and state government websites.

Field of Study: Taxes
CPE: 1.00

In this session, we will explore the FTC Safeguards Rule, focusing on its application and the required elements your practice must include to ensure compliance. We’ll also provide practical guidance on selecting the right IT vendor or working with your internal team to meet compliance needs. In addition, we’ll discuss the benefits of cyber liability insurance as part of your overall security strategy.

By the end of this session, you’ll have a clear understanding of the FTC Safeguards Rule and its essential elements. Whether you're working with an external IT provider or managing internal teams, you'll leave with practical guidance and actionable steps to enhance your organization’s compliance efforts, strengthen its cybersecurity posture, and understand the role of cyber liability insurance in protecting against financial risks.

Field of Study: Information Technology
CPE: 1.00