Educational Track Sessions


Tuesday, August 24

 

PLEASE NOTE:
Some of the SUMMIT21 speakers will be presenting remotely for both the in-person and virtual venues.
Remote speakers are noted with the following symbol: Remote Speaker

TAX TRACK SESSIONS


10:00 am - 10:50 am
Individual Tax Update

Learn about the relief provisions included in the 2021 Consolidated Appropriations Act and the American Rescue Plan Act. Review potential income and estate tax changes on the horizon and discuss various planning ideas and opportunities.
Damien Martin, CPA Partner | BKD CPAs & Advisors

11:00 am - 11:50 am
Business Tax Update

The impact and response to the COVID-19 pandemic continues to dominate tax compliance and planning conversations for businesses. Unpack the relief provisions of recent legislative packages and discuss possible tax changes that could be on the way.
Damien Martin, CPA Partner | BKD CPAs & Advisors

12:50 pm - 1:40 pm
Best Practices for Defending an IRS Exam: Practice Tips
From the notice of examination to the closing letter, walk through every step of an IRS examination process and discuss the steps to take to best position your clients for success. Learn how to properly respond to information document requests, whether to produce your client for an interview, how to watch for potential criminal exposure, and what to do if you find it.
Guinevere Moore, JD Managing Member | Moore Tax Law Group LLC

1:50 pm - 2:40 pm
Tangible Property Repair Regulations

Discuss the compliance requirements of a 1031 Exchange. Identify potential tax planning strategies on both a retroactive and prospective basis and gain an in-depth understanding of Unit of Property rules.
Lester Cook, CCSP Principal | KBKG Remote Speaker

3:30 pm - 4:20 pm
Illinois and Beyond! Multi-State Tax Update

Discover best practices for navigating state sales tax issues including nexus, tax immunity protection, and marketplace facilitator laws. Understand when a state has the power to tax a company without violating federal law and how to source income related to COVID and work-from-home scenarios. Plus, review guidelines for taxing owners of pass-through entities.
Carol Portman, JD President | Taxpayer’s Federation of Illinois
Eric Fader, CPA, JD Managing Director | BDO USA, LLP


ACCOUNTING & AUDITING TRACK SESSIONS


10:00 am - 10:50 am
Attestation Engagements

Receive an overview on the various types of attestation engagements. Evaluate the impact of SSAE 19, SSAE 21, and SSAE 22 on the attestation standards and identify the adoption effective dates for each.
Jennifer Allen, CPA Partner | Crowe LLP Remote Speaker

11:00 am - 11:50 am
Auditing Remotely

Learn how to strategically plan and perform remote audits to transform your practice and avoid reverting to old habits. Plus, discover best practices for engaging staff when working remotely.
Elizabeth Sloan, CPA, MAS Managing Director | Grant Thornton LLP

12:50 pm - 1:40 pm
FASB Update
Get up-to-speed on current projects and discuss the potential impact of recently issued accounting standards. Understand how specific developments may affect financial reporting requirements.
Ryan Brady, CPA Partner | Grant Thornton LLP

1:50 pm - 2:40 pm
Single Audit Update

Address the key changes and challenges when preparing a Single Audit. Review the new compliance supplement, understand how to prepare the schedule of expenditures of federal awards, and walk away with planning tips to avoid surprises.
Jennifer Culotta, CPA Partner | Plante Moran Remote Speaker
Melissa Sutherland, CPA Assurance Manager | Plante Moran Remote Speaker

3:30 pm - 4:20 pm
Fair Value Accounting: Impact on Financial Statements

Explore how fair value concepts have transformed GAAP requirements. Learn the key assets and liabilities that are recorded at fair value and recognize common pitfalls to avoid when preparing GAAP compliant financial statements.
Kara Fahrenbach, CPA Senior Manager | Plante Moran
David J. Kristick, MSA Partner, Industry Technical Leader | Plante Moran


ETHICS / PERSONAL DEVELOPMENT TRACK SESSIONS ~ Sponsored by FVLD


10:00 am - 10:50 am
How Great Leaders Find Certainty in Uncertainty
The recent pandemic has led to uncertainty in all areas of life. Discover tactics to navigate the future and overcome the biggest and most common barriers to successfully move forward. Uncover how to shift the mindset of others to help them find certainty in uncertainty.
Bill Wooditch, CEO | The Wooditch Group

11:00 am - 11:50 am
Ethical Leadership: Principles and Practices

Learn to bring out the best in others by focusing on positive intent and impact. Explore the guiding principles that allow leaders to lead with a moral compass. Discuss seven ethical responsibilities and hear how to apply three keys to building trust.
Michael A. Gregory, MS, MBA Founder | Michael Gregory Consulting, LLC Remote Speaker

12:50 pm - 1:40 pm
How to Be a Networking Ninja in a Virtual Environment

Make the most of your virtual rectangle and learn to shine through your computer with the right body language. Receive tips for improving your virtual presence and creating connections that can also bring big dividends in office meetings too.
Alison Henderson, MFA, GL-CMA, MPACC CEO | Moving Image Consulting LLC

1:50 pm - 2:40 pm
How the ABCD of the Digital Age Impacts Corporate Ethics

Automation (including artificial intelligence), blockchain, cybersecurity, and data governance (ABCD) are driving digital transformation. What are the ethical implications to us and the organizations we serve? Learn how to ensure that ethical considerations are incorporated into your organization’s governance and internal controls over digitized processes and data analytics.
Donny C. Shimamoto, CPA.CITP, CGMA Founder and Managing Director | IntrapriseTechKnowlogies LLC

3:30 pm - 4:20 pm
Do You Have Executive Presence?

Discuss the skills necessary to build a strong executive presence. Define your specific attributes and learn how to use them to increase your effectiveness as a leader.
Brett Taylor, Chief Member Engagement Officer | The Executive’s Club of Chicago


CORPORATE STRATEGY / HUMAN CAPITAL TRACK SESSIONS ~ Sponsored by CCFL


10:00 am - 10:50 am
How to Hire, Train, and Retain Top Talent

Discover strategies to hire smart and attract top talent. Discuss ways to orient and mentor new employees that are reflective of generational differences. Plus, develop employee retention plans that meet both individuals’ needs and the company’s expectations.
Michael A. Gregory, MS, MBA Founder | Michael Gregory Consulting, LLC Remote Speaker

11:00 am - 11:50 am
Budgeting and Forecasting in Uncertain Times
Discuss implementation-ready and theoretical approaches for improving the budgeting and forecasting process. Identify key business drivers for more agile decision-making while learning how to implement simple, yet powerful, modeling and scenario techniques to remove guesswork, increase confidence, and mitigate risk.
Carl Seidman, CPA/CFF, CIRA, CFE, AM Principal | Seidman Financial Remote Speaker

12:50 pm - 1:40 pm
Balanced Scorecard and KPIs

Learn about strategic mapping and why a driver-based, balanced scorecard approach is among the most effective approaches to organizational planning. Discover how to establish KPIs and incorporate them into planning for encouraging buy-in, tracking progress, and inspiring greater accountability.
Carl Seidman, CPA/CFF, CIRA, CFE, AM Principal | Seidman Financial Remote Speaker

1:50 pm - 2:40 pm
Data Readiness Assessment Model: Is Your Organization Ready?

Uncover how to incorporate a data readiness assessment as the foundation for an effective data strategy. Leave with a better understanding of how to implement and operate a data readiness framework model to better manage data within your organization.
Rebecca S. Busch, RN, MBA, CCM, CFE, CPC, CHPA-IV, CRMA, CICA, FIALCP, FHFMA President and CEO | Medical Business Associates

3:30 pm - 4:20 pm
Ten Tips for Small Business Employment Compliance

Review key legal compliance issues impacting small employers and receive practical tips for reducing risks, claims, audits, and costs. Learn about worker misclassification, discrimination and harassment, social media restrictions, work-from-home rules, and more.
Lori Goldstein, JD Employment Attorney | Law Office of Lori A. Goldstein LLC



TECHNOLOGY SOLUTIONS / ADVISORY SERVICES TRACK SESSIONS


10:00 am - 10:50 am
Establishing and Maintaining Fiduciary Relationships

Learn about the different types of fiduciary relationships and analyze criteria for selecting trustees. Review ethical parameters and risks, as well as discuss potential remedies for breaches of fiduciary duty.
Michael N. Ripani, CPA, JD, CFE Senior Counsel | Handler Thayer, LLP

11:00 am - 11:50 am
Sell Your Brain, Not Your Time: Subscription Pricing for Professionals

Explore nine types of subscription business models and identify strategies to make the transition at your organization. Learn how to develop new metrics and accounting information to represent the economics of a subscription business.
Ed Kless, Senior Director | Sage

12:50 pm - 1:40 pm
How to Manage and Run a Virtual Tax Season

Receive a blueprint to build an efficient and profitable virtual firm in time for the next tax season, including key technology and workflow considerations. Learn how to transition your current clients to a virtual way of working and discover tips to manage and motivate your own remote team.
Joshua Lance, CPA, CGMA Managing Director | Lance CPA Group

1:50 pm - 2:40 pm
Navigating the Next 12 Months: Creating a Foundation for Enduring Success

Discover new AI-driven tools readily available today to help you improve the efficiency and effectiveness of your practice. Gain insights into how you can drive value by modernizing client workflows, automating rudimentary tasks, and delivering data-driven insights.
Jasen Stine, Tax and Accountant Education Leader | Intuit Remote Speaker

3:30 pm - 4:20 pm
AI and Machine Learning: The Impact on Accounting and Finance

Explore how AI and machine learning are impacting people, process, and performance strategies, and assess your team and organization’s readiness to utilize these new technologies.
Chris Ortega, MBA Director of Finance | Emarsys North America, Inc. Remote Speaker


Wednesday, August 25

 

PLEASE NOTE:
Some of the SUMMIT21 speakers will be presenting remotely for both the in-person and virtual venues.
Remote speakers are noted with the following symbol: Remote Speaker

TAX TRACK SESSIONS     


10:00 am - 10:50 am
Nuts and Bolts of Cryptocurrency Taxation

Understand the tax implications of investing in cryptocurrency, running a mining operation, and using it as a payment method. Learn about challenges in dealing with cryptocurrency clients and discover tax planning opportunities.
Shehan Chandrasekera, CPA Head of Tax Strategy | CoinTracker

11:00 am - 11:50 am
Transfer Pricing After Tax Reform

Hear practical insights on U.S. and international transfer pricing rules. Learn how to reduce transfer pricing risks through documentation and benchmarking studies. Plus, discover new tax and cash savings opportunities in a COVID-19 environment.
Alex Martin, MPP Principal | KBKG

12:50 pm - 1:40 pm
Flow-Through Hot Topics

Discuss recent legislative updates related to flow-through entities, including interest expense limitation under §163(j), carried interest under §1061, and much more.
Matthew Vertin, CPA, MST Director | Baker Tilly Virchow Krause, LLP

1:50 pm - 2:40 pm
Research and Development Tax Credit Fundamentals

Learn how to identify qualifying projects and review various methods to calculate the benefits. Plus, discuss key project implementation steps and tips to avoid common pitfalls along the way.
Michael Maroney, EA Director | KBKG

3:30 pm - 4:20 pm
A Year in Tax for Exempt Organizations

Take a deep dive into the updated guidance and final regulations of the Tax Cuts and Jobs Act and other COVID-19-related legislation. Learn about IRS compliance programs and initiatives and gain insight into the newly updated Form 990-T.
Rebekuh Eley, CPA, MST Tax Partner | RSM US LLP Remote Speaker
Zachary Fortsch, CPA Tax Partner | RSM US LLP Remote Speaker


ACCOUNTING & AUDITING TRACK SESSIONS     


10:00 am - 10:50 am
2021 Auditing Update

The Auditing Standards Board released a new suite of standards resulting in the most comprehensive changes in over a decade. Hear how SAS 134 to SAS 140 are interrelated and affect private company and not-for-profit audits. Break down changes impacting employee benefit plan audits and other annual report information. Plus, understand the components of the new auditor report.
Leah Donti, CPA, CMA, MBA Founder and President | Advantage Montreal
Seminars Inc. Remote Speaker

11:00 am - 11:50 am
Get Ready for the Lease Standard

The new lease standard for private companies and not-for-profits goes live in 2022. Discuss common practice issues companies are facing. Hear about lessons learned from public company adoption and receive best practice tips for implementation.
Leah Donti, CPA, CMA, MBA Founder and President | Advantage Montreal Seminars Inc. Remote Speaker

12:50 pm - 1:40 pm
Digital Asset Accounting

Review current reporting practices for digital assets and hear best practices for signing devices and evaluating internal controls. Take a brief look at the top sources and the top three digital asset events that can impact financial statements.
Joshua Schmidt, Senior Blockchain Analyst | Marcum LLP Remote Speaker

1:50 pm - 2:40 pm
Audit Documentation: Quality and the Questioning Mind

The true cost of quality can take time to be seen clearly. Look at the recent auditing guidance surrounding audit quality and consider examples where a lack of quality ended up costing firms.
Sean M. Kruskol, CPA, CGMA, MAcc, CFE Principal | Cornerstone Research

3:30 pm - 4:20 pm
Evaluating Going Concern Issues

Dig into AICPA, FASB, and PCAOB guidance on going concern issues. Discuss the role government will play with consideration to the Paycheck Protection Program, the Employee Retention Credit, and Economic Injury Disaster Loans, among others.
Megan Angle, CPA Partner | Porte Brown LLC



ETHICS / PERSONAL DEVELOPMENT TRACK SESSIONS ~ Sponsored by FVLD


10:00 am - 10:50 am
Not-for-Profit Corporate Governance

Explore new not-for-profit corporate governance models and discuss how to keep them compliant with existing laws on fiduciary responsibilities and board oversight. Hear about common challenges organizations have faced and receive tips to address them.
Paula Goedert, JD Partner | Barnes & Thornburg LLP

11:00 am - 11:50 am
Mission Critical Leadership: How Smart Managers Lead Well in All Directions

While it is important to be a good boss, leadership is much more than that. Discover the importance of self-leadership as the starting point for leadership success and gain practical tips to lead well in all directions within your organization.
Jon Lokhorst, CPA, ACC Executive Leadership Coach | Lokhorst Consulting LLC

12:50 pm - 1:40 pm
Managing the Risks and Ethical Responsibilities of Benefit Plan Fraud in a COVID-19 Environment
Hear about various benefit plan fraud threats and discuss potential responses and ethical considerations for each scenario. Walk away with an action plan to anticipate and reduce fraud at your organization.
Gene Cahill, CPA, CFE, CFF Partner | Grant Thornton LLP
Wendy Garrett, Independence and Ethical Standards – Managing Director | Grant Thornton LLP

1:50 pm - 2:40 pm
Bye-Bye Bias: The Ethics of Creating a Bias-Free Workplace

Learn how to create a workplace culture that is sensitive, responsive, and welcoming. Identify implicit bias and micro-aggressions and discover resources to become an expert-level ally who champions professional equity.
Jamar Cobb-Dennard, JD Business Broker | Indiana Business Advisors

3:30 pm - 4:20 pm
Preventing and Investigating Sexual and Other Harassment in a #MeToo World
Understand what does, and does not, constitute sexual and other harassment. Discover how to prevent and spot harassment and why it is so important to do so quickly. Plus, learn strategies to investigate and address harassment claims that protect both the employees and the employer.
Jon Vegosen, JD Founding Member | Funkhouser Vegosen Liebman & Dunn Ltd.


CORPORATE STRATEGY / HUMAN CAPITAL TRACK SESSIONS ~ Sponsored by CCFL


10:00 am - 10:50 am
One Simple Question to Spark Innovation and Growth

Learn to shift the threat of emerging technologies such as AI into opportunities by becoming more entrepreneurial and innovative than ever before. Understand how one simple question can help spark innovation and growth resulting in enhanced value to both your organization and your clients or customers.
Jon Lokhorst, CPA, ACC Executive Leadership Coach | Lokhorst Consulting LLC

11:00 am - 11:50 am
Advanced Strategies for Health Savings Accounts

Review the basics of Health Savings Accounts and understand how they are becoming a source of wealth accumulation rather than a spending account. Learn about advanced tax planning strategies you may be missing.
Kelley C. Long, CPA/PFS, CFP Owner | Kelley C. Long Consulting LLC

12:50 pm - 1:40 pm
Gender Parity in the Time of COVID

Attrition among women is at an all-time high. Discuss the impact that a small decline in female advancement may have on your organization’s future success. Hear how to be better allies and advocates and receive strategies for retaining and promoting women in a post-pandemic world.
JoAnna Simek, CPA, MST Partner | BKD CPAs & Advisors

1:50 pm - 2:40 pm
Helping You Be a Better Manager: The Importance of Documentation

The three most important things in the employment relations arena are “documentation, documentation, and documentation.” Discover the tools and confidence to effectively document employee interactions and issues to prevent problems and, if necessary, enhance your litigation position.
Jon Vegosen, JD Founding Member | Funkhouser Vegosen Liebman & Dunn Ltd.

3:30 pm - 4:20 pm
Driving Business Process Improvements

Explore the importance of aligning business process improvement initiatives with the overall strategic objectives of the company. Discuss 18 key drivers of value and performance and learn strategies for implementing effective change management tactics.
Dan McMahon, CPA Managing Partner | Integrated Growth Advisors Remote Speaker


TECHNOLOGY SOLUTIONS / ADVISORY SERVICES TRACK SESSIONS


10:00 am - 10:50 am
Technology Solutions for the Modern Workplace

Learn how organizations of all sizes can transform into a productive, organized, and collaborative remote workforce that operates in a purely cloud or hybrid environment. Receive a demo of the Microsoft 365 Modern Workplace stack including OneDrive, SharePoint, Microsoft Teams, Power BI, and Cloud Security.
Matt Diliberto, Manager, Modern Workplace | BDO USA, LLP

11:00 am - 11:50 am
RPA Implementation Best Practices

Review the basics of Robotic Process Automation (RPA) and discover how to introduce this technology at your organization. See a bot in action and hear lessons learned for converting a single automation into an integrated automation program that achieves sustainable ROI.
Chris Denver, CPA, MBA National Practice Director | International Financial Group
Jim Hannan, CPA National Practice Director | International Financial Group

12:50 pm - 1:40 pm
Be More Valuable to Your Clients

What does it really mean to be a strategic advisor? Join Todd Shapiro and a panel of practitioners as they discuss how to address the challenges of getting your staff (and sometimes your fellow partners) to proactively offer strategic insight to help your clients increase their profitability as a component of providing your normal accounting, audit, or tax services.
Todd Shapiro, President and CEO | Illinois CPA Society
Mary K. Fuller, CPA Managing Partner | Shepard Schwartz & Harris LLP
Joshua Lance, CPA, CGMA Managing Director | Lance CPA Group
Jeffery L. Mowery, CPA, JD, LLM, CFP Managing Partner | Mowery & Schoenfeld

1:50 pm - 2:40 pm
Next-Gen Transitioning: Building a Sustainable and Transferable Firm

Understand how to develop the next generation of CPAs to take on the roles and responsibilities as future firm owners. Explore ways to get started and leave with a game plan for creating a sustainable and transferable firm.
Dan McMahon, CPA Managing Partner | Integrated Growth Advisors Remote Speaker

3:30 pm - 4:20 pm
Harnessing Technology and Remaining Relevant in the Digital Age

2020 exposed inefficiencies and limitations for many business processes. Explore how executives at forward-thinking organizations quickly transitioned from manual operations to digital systems. Hear how they overcame common objections like “we’re too small” or “we can’t afford it.” Plus, discover the tools needed for your own digital transformation.
Ranga Bodla, Vice President - Industry Marketing | Oracle NetSuite


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