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NTI 2018 CONFERENCE BERMUDA THE FAIRMONT SOUTHAMPTON BERMUDA August 19-25, 2018 Includes coverage of Tax Cuts and Jobs Act of 2017

Transcript of NTI 2018 CONFERENCE BERMUDA - nticpe.com 2018- 12-9-17 FINAL TO DISTRIBU… · NTI 2018 CONFERENCE...

NTI 2018 CONFERENCE

BERMUDA

THE FAIRMONT SOUTHAMPTON BERMUDA

August 19-25, 2018

Includes coverage of Tax Cuts and Jobs

Act of 2017

CALL 888-515-3674 (Extension 1) or FAX 888-552-9749 or EMAIL: [email protected]

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NTI 2018 CONFERENCE PROGRAM THE FAIRMONT SOUTHAMPTON

BERMUDA AUGUST 19-25, 2018

Location: The Fairmont Southampton 101 South Shore Road, Bermuda, SN02 1 441-238-8000 Airports: The Bermuda International Airport (BDA) is located approximately 30-35 minutes from The Fairmont Southampton Transfers: Car rentals are not available on the island. Taxis are readily available outside the baggage area or transfers can be arranged through the concierge desk at the Fairmont Southampton. Passport Info: All persons traveling to and from Bermuda are required to have a VALID U.S. PASSPORT. For more information, visit: www.travel.state.gov Weather: Summer temperatures in Bermuda average 78 degrees with a high of 84 and a low of 72. There usually is a light cool breeze at night. Bermuda is considered a semi-tropical island about 650 miles off the coast of Cape Hatteras, North Carolina. Currency: The legal tender is the Bermuda dollar (BD,) which is divided into 100 cents and is equal to our U.S. dollar. The U.S. dollar, travelers’ checks and major credit cards are all widely accepted all other the island. Area Info: Visit: www.bermudatourism.org

THE FAIRMONT SOUTHAMPTON – 7-Day/6-Night Package

Perched on Bermuda’s stunning south shore with miles of pink sand beaches, the luxurious Fairmont Southampton, Bermuda beach resort sits on nearly 100 acres, dotted with lush bougainvillea and towering coconut palms. Conveniently located in the mid-Atlantic, less than a two-hour flight from most east coast gateways; this Bermuda hotel is perfect for Atlantic vacations, getaways, meetings & events year-round. Check-in: 4:00pm Check-out: 12:00pm (Surcharges may apply for late checkouts) Hotel Rating: AAA 4-Diamond

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Accommodations:

Fairmont Run of House: (approximately 450 sq. ft.) Rooms are located between floors 1-5, offer one king or two double beds, working desk area, marble bathrooms, walk-in closets, private balcony with table and chairs, and offer limited obstructed views of the golf course or Harbor. Maximum 4 persons (No roll-a-ways permitted) Deluxe Sea View: (approximately 450 sq. ft.) Rooms are located between floors 1-5 and feature on king or two double beds, working desk area, marble bathrooms, walk-in closets, private balcony with table and chairs, and offer views of Bermuda’s turquoise waters in the Atlantic or the bay. Maximum 4 persons. (No roll-a-ways permitted)

Fairmont Gold Sea View: (approximately 450 sq. ft.) Offers an unsurpassed experience in service and luxury. Located exclusively on the 6th floor, rooms reflect a warm Bermudian pastel décor complete with one king or two queen beds, marble bathroom with double sink, walk-in closet, French glass doors leading to private balcony and offer views of the Atlantic Ocean or the bay. Private concierge services include: personalized check in, exclusive lounge privileges with meal preparations daily and complimentary Internet access. Maximum 4 persons. (No roll-a-ways permitted)

Hotel Package includes: 6-night hotel accommodations including hotel room taxes, resort levy and gratuity. Porterage and housekeeping gratuities are included. Additional maid service and bellman gratuities are discretionary. Third/fourth Person Charge: $59 per person, including taxes and gratuities ($95 for Fairmont Gold Club Sea View) Children 18 years and under sharing the same accommodations as their parents pay $25 per night for taxes and gratuities only ($28 for Fairmont Gold Club Sea View). NO REFUNDS FOR EARLY DEPARTURES.

HOTEL PACKAGE COST- 7 DAYS/6 NIGHTS (Per Person)

Double Occupancy Room category Package Cost Fairmont Run of House $1,632 Deluxe Sea View $2,088 Fairmont Gold Sea View* $2,688

*Limited availability HOTEL PACKAGE PAYMENT: With reservations: $200 per person (see reservation form below) June 1, 2018 Balance Due Hotel prices are subject to change prior to making reservation.

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Resort Levy and Gratuity: Included in the hotel package is a resort levy to cover operational and administrative services including trolley service, ferry service, golf club handling and storage. There is also a mandatory gratuity distributed to several departments within the hotel, including porterage and housekeeping.

Hotel Cancellation: Refunds for hotel cancellations will be made, less a $100 per person administrative fee, if cancellation is made in writing on or before June 1, 2018. For cancellations after June 1, 2018, any portion of the hotel package cost not refunded by the hotel to NTI will be deducted from the refund. Any cancellations must be made in writing and emailed to [email protected] or faxed to 888-552-9749. No refunds for early departures.

Hotel Amenities and Services: The resort offers: European Willow Stream Spa including 15 treatment rooms, indoor heated pool with waterfalls and gardens, two Jacuzzis, fitness center, heated freshwater outdoor pool with poolside service, Explorer’s Kids Camp activity center, private trolley service to beach club, golf course and harbor, nightly entertainment, business center, concierge service, shopping arcade, private beach, beach club and complimentary private water taxi service to Fairmont Hamilton Princess, water sports center offering snorkeling, jet skiing and scuba diving and more, 18 challenging 3-par golf course, golf Pro Shop, 11 tennis courts, tennis pro shop, nearby sailing and deep-sea fishing. Moped rentals on site.

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Restaurants and Lounges: The hotel features eight restaurants:. Enjoy fresh local seafood at the beachfront Ocean Club or dine on steaks and chops at one of the best Bermuda steakhouses, the historic Waterlot Inn, housed in a large traditional Bermuda cottage and winner of the prestigious AAA Four Diamond award. For a more of a casual Bermuda restaurant dining experience and a family feast, visit Bacci, serving authentic Italian cuisine. Jasmine Lounge serves signature martinis, tapas and other light fare at its sophisticated lobby setting. Wickets is the ideal place for a casual poolside lunch. In the mornings, take a seat at Windows on the Sound for breakfast with a view of the Great Sound. For favorite classic dishes served with a twist, try Newport, a Gastropub. While enjoying the beach club, don’t miss the Cabana Bar & Grill for frozen cocktails and island-inspired burgers and salads.

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Bermuda: Just 650 miles off the coast of the Carolinas, lies a picturesque island paradise called Bermuda. Known for its warm, friendly people and exceptional hospitality – you’ll find that old world British charm, understated elegance, and a relaxed pace sets the island apart from others. Let Bermuda be your oasis of calm as you bask among sun soaked pink beaches, explore hidden coves and inlets, indulge in world-class dining, visit the many historical sites, ship at duty-free boutiques in downtown Hamilton. There is so much to see and do- from a quiet stroll along the coastline, jet ski ride, a round of golf on a world-class course, dive to a historic shipwreck on the ocean floor, indulge in afternoon high tea, dance the night away, dine under the stars, take a charter boat tour around the island, visit a museum, go snorkeling, swim in the aqua blue waters, listen to an open air concert, or take picture of the many pastel colored buildings. Gardens bloom with dazzling flora and fauna, hibiscus-line streets make Bermuda tropical paradise. It’s an island that will stir your heart and imagination as the winds gently blow in an idyllic peaceful setting – This is beautiful Bermuda! Suggested Activities: Shopping in Hamilton – Horseback Riding – Bermuda Aquarium, Museum & Zoo – Bermuda Perfumery Factory – Bermuda Glass Blowing Studio – Bermuda National Gallery – The Crystal Caves of Bermuda – Dolphin Quest Bermuda – Royal Naval Dockyard Maritime Museum – Bermuda Underwater Exploration Institute – Botanical Gardens – Bermuda Golf – St. Peter’s Church – Tucker’s House.

CALL 888-515-3674 (Extension 1) or FAX 888-552-9749 or EMAIL: [email protected]

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CALL 888-515-3674 (Extension 1) or FAX 888-552-9749 or EMAIL: [email protected]

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CALL 888-515-3674 (Extension 1) or FAX 888-552-9749 or EMAIL: [email protected]

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NTI 2018 CONFERENCE SCHEDULE THE FAIRMONT SOUTHAMPTON

BERMUDA AUGUST 19-25, 2018

DATE MEETINGS SOCIAL EVENTS/TOURS 8/19 Sunday

Arrival - no meeting scheduled 6:00- 6:30pm: Hospitality Desk Welcome to Bermuda Orientation Meeting

8/20 Monday

7:30am-12:50pm meeting: Individual Tax Update Under Tax Reform- 2018 Speaker: Thomas P. Langdon, JD, LLM, CFA, CFP CPE Hours: 6 Group Live - Taxes

6:00-7:00pm: Reception Hosted by NTI

8/21 Tuesday

7:30am-12:50pm meeting: Business Tax Development Under Tax Reform- 2018 Speaker: Thomas P. Langdon, JD, LLM, CFA, CFP CPE Hours: 6 Group Live - Taxes

9:00-10:00am: Spouse/Guest Breakfast hosted by NTI

8/22 Wednesday Day of leisure – no meeting scheduled

8/23 Thursday

7:30am-12:50pm meeting 2018 A&A Update and Review Speaker: Steven C. Fustolo, CPA CPE hours: 6 Group Live-Accounting 4, Auditing 2

8/24 Friday

7:30am-12:50pm meeting Simplifying Private Company Financial Reporting and Disclosures Speaker: Steven C. Fustolo, CPA CPE hours: 6 Group Live-Accounting 4, Auditing 2

8/25 Saturday

Recommended day of departure

Note: Continental breakfast will be served in the meeting room starting at 7:00am for participants only. Participants receive 6 CPEs for attending each live session and can receive additional CPEs (equal to the number of CPEs purchased) by completing optional self-study courses. Self-study materials will be available in modules of 2 CPEs and 4 CPEs (taxation and A&A) and will be distributed either by an on-line downloadable PDF format or distributed at the conference in manual format, at the customer’s option. Summary of CPEs available at this program: Live Group study= 24 CPEs; Self-Study=16 CPEs for a total of 40 CPEs. CPE BREAKOUT:

Group live CPE (4 days at 6 CPEs per day) 24 CPE hours Self-study supplement* Total CPE *Distributed either on site or in a downloadable PDF format

16 CPE hours 40 CPE hours

CALL 888-515-3674 (Extension 1) or FAX 888-552-9749 or EMAIL: [email protected]

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Who Should Attend: CPAs and other professionals who deal in taxation, accounting and auditing. Details on courses: Unless otherwise stated, all courses have the following attributes:

Delivery method: The live segments of the program (6 CPE hours per session) are categories as Group Live, while the self-study supplement (2 to 4 CPEs per session) is categorized as Self Study. Program level: Update Prerequisites: General understanding of taxation, accounting and auditing Advance preparation: None

TOPIC DESCRIPTIONS:

Individual Tax Update Under Tax Reform - 2018 (including tax changes under the Tax Cuts and Jobs Act of 2017) Objective: To discuss recent developments related to federal income taxation of individuals including significant changes made by the Tax Cuts and Jobs Act of 2017. This course focuses on the various tax law changes involving individuals made by the Tax Cuts and Jobs Act of 2017, and planning related to those changes. Topics include a review of the changes in individual tax rates, dealing with state and local taxes, planning for interest expense, strategies in dealing with the primary residence, and more. Recommended CPEs: 6 hours. Field of study: Taxes Business Tax Developments Under Tax Reform- 2018 (including tax changes under the Tax Cuts and Jobs Act of 2017) Objective: To address recent developments related to the federal income taxation of businesses including those changes made by the Tax Cuts and Jobs Act of 2017. This course addresses tax issues business tax changes made by the Tax Cuts and Jobs Act of 2017. Topics include: a review of C corporation and pass-through entity tax rates, changes to the cash basis of accounting, new expensing rules using bonus and Section 179 depreciation, changes made to real estate taxation including like kind exchanges, changes to net operating losses, anti-abuse provisions, choice of entity, conversion to and from S and C corporation, and more. Recommended CPEs: 6 hours. Field of study: Taxes 2018 A&A Update and Review Objective: To discuss a variety of new developments related to accounting and financial reporting. This course deals with the latest changes in accounting, auditing and compilation and review pronouncements of interest to accountants in public accounting and industry. Topics include recently issued FASB and AICPA accounting statements, new developments in compilation and review, recently issued auditing pronouncements,

Includes coverage of Tax Cuts and Jobs

Act of 2017

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practice issues related to peer review, new ethics rulings, and more. Recommended CPEs: 6 hours. Field of study: Accounting and Auditing (4 hours Accounting, 2 hours Auditing) Simplifying Private Company Financial Reporting and Disclosures Objective: To discuss approaches to simplifying the accounting, reporting and disclosures required by private (non public) businesses. This course is critical for accountants who prepare financial statements or issue reports on non-public (private) businesses. Topics include: Discussion of simplified disclosures available to non-public businesses, using the most cost effective reporting options including preparation, compilation, review and audit engagements, using the substantially all disclosures omitted exception, reducing engagement procedures, performing bookkeeping and writeup services while maintaining independence, issuing financial statements for tax clients, using GAAP exceptions to eliminate burdensome GAAP disclosures, saving time with tax-basis financial statements, and more. Recommended CPEs: 6 hours. Field of study: Accounting and Auditing (4 hours Accounting, 2 hours Auditing)

SPEAKER BIOGRAPHIES Thomas P. Langdon, JD, LLM, CFA, CFP Thomas P. Langdon is a professor of Business Law at the Gabelli School of Business, Roger Williams University, and an adjunct professor of taxation at Georgetown University. He is a principal in Langdon & Langdon Financial Services, LLC, a Connecticut based tax planning and preparation firm, and is an attorney admitted to the Connecticut, Pennsylvania, and U.S. Tax Court Bar. He received a BS in finance and an MBA from the University of Connecticut, an MS in Financial Services from The American College, a Juris Doctor (JD) from Western New England College School of Law, and a Master of Laws (LL.M.) in Taxation from Villanova University School of Law. Thomas also holds several designations, including, among others: Chartered Financial Analyst (CFA), CERTIFIED FINANCIAL PLANNER™ (CFP®), Accredited Estate Planner (AEP), Chartered Advisor in Philanthropy (CAP), and Chartered Life Underwriter (CLU). He is also a Fellow of the Life Management Institute. Prior to joining the Gabelli School of Business at Roger Williams University, Mr. Langdon held positions as professor of Taxation at The American College, asset/liability manager for The Travelers Insurance Company Asset Management and Pension Services division, and student law clerk in The United States Federal District Court. A nationally recognized author of speaker, Thomas has addressed many professional organizations, including the International Association for Financial Planning, The Financial Planning Association (FPA), The Society of Financial Services Professionals, The National Association of Health Underwriters, The National Association of Estate Planners and Councils, and numerous Estate Planning Councils, Bar Associations, CPA Societies, Financial Planning Associations, and local chapters of the Society of Financial Service Professionals (formerly the American Society of CLU and ChFC. Mr. Langdon has written or co-authored several books, as well as dozens of articles that have appeared in such publications as Financial and Estate Planning Quarterly, Probate and Property. The Probate Practice Reporter, The American Bar Association Small Firm Digest, The Ohio CPA Journal, The Journal of International Taxation, Financial Services Review, The Journal of Financial Planning, The Journal of the Society of Financial Services Professionals, The National Association of Estate Planners and Councils Newsletter, and Best’s Review. He has been widely quoted in the business press and has received various awards from the American Bar Association and the Certified Financial Planner Board of Standards for articles he has written.

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Thomas’ leadership positions include service on the Board of Financial Service Professionals Business and Compensation Planning Section; and Education Committee member of the Financial Analysts of Philadelphia. His community service leadership positions include secretary of the State of Connecticut Task Force on Superfund (CERCLA) Reform; chairman of the Southington (CT) Public Library Board of Trustees; chairman of the Barnes Museum Board of Trustees; and a member of the Southington (CT) Town Council. Steven C. Fustolo, CPA Mr. Fustolo is a principal in a Boston-based CPA firm, and frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles have been regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, Current Developments: Accounting and Financial Reporting, Making Money with Special Engagements, Understanding the Variable Interest Entity Rules, and FASB, SSARS and SAS Update and Review and numerous other books and manuals that have been published by Practitioners Publishing Company (PPC) and Commerce Clearing House (CCH). He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. He speaks regularly for professional groups including being a guest lecturer at the AICPA Advanced Accounting and Auditing Technical Symposium. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for high scores received on the CPA Examination. CPE Pricing:

Up to 24 CPEs

Up to 32 CPEs

Up to 40 CPEs

By December 31, 2017 $1,297 $1,348 $1,399 By January 31, 2018 $1,347 $1,398 $1,449 By May 31, 2018 $1,397 $1,448 $1,499 After May 31, 2018 $1,447 $1,498 $1,549

Cost includes all materials, continental breakfast at each session, (for participants only), and a sunset cocktail reception for you and your family. Group discounts: 10% for 3 or more participants 20% for 5 or more participants Conference Cancellation Policy: Conference fee will be refunded in full only if notice is received in writing at least 60 days prior to the first day of the conference. With respect to a cancellation occurring within 60 days, no refund shall be granted but credit will be given toward a future conference. This policy applies to the conference fee only and not to hotel costs. For more information regarding concerns and administrative policies, please go to our website: www.nticpe.com or contact our office at 888-515-3674 (Extension 1).

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Licensing Designations:

NTI 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 the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NTI NASBA Sponsor Number: 103075

QAS Self-Study Requirements: In accordance with the new NASBA Registry - QAS standards, all self-study credit hours are determined based on a 50-minutes-per-CPE-hour measurement and have required feedback questions throughout the course. Credit measurements may vary from state to state. Your State Board of Accountancy makes the final determination of CPE credits. The self-study portion of the courses must be completed within one year of the conference dates.

Enrolled Agents: NTI has entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual. CPE credits earned by enrolled agents directly to the IRS in accordance with the IRS requirements for CPE providers. Enrolled agents must provide us with their PTIN number so that we may report CPE directly to the IRS. IRS Approval information: Provider Number: BTYZG CFPs: NTI is registered with the Certified Financial Planner Board of Standards, Inc. CLE: Tax courses qualify for CLE in most states. CLE credit is granted on a scale of 60 minutes per hour versus 50 minutes for CPE. Please ask for details.

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How to Register: BERMUDA – AUGUST 19-25, 2018

CALL 888-515-3674 (Extension 1), fax to 888-552-9749 (or email [email protected]) and register by credit or debit card (MC/VISA) or check. Please return this form to the address at the bottom of the page.

REGISTRATION FORM First and last name Spouse/companion’s name(s)

Address City/Town

State Zip Code

Telephone Facsimile Email address

CONFERENCE INFORMATION Check one: By Dec 31,

2017 By Jan 31,

2018 By May 31,

2018 After May 31,

2018 Cost includes all materials, continental breakfast at each session, (for participants only), a sunset cocktail reception for you and spouse/guest.

_____ 40 CPEs

$1,399

$1,449

$1,499

$1,549

__ 32 CPEs $1,348 $1,398 $1,448 $1,498 _____ 24 CPEs $1,297 $1,347 $1,397 $1,447

Days you are attending: (check all that apply): Please check Date Topic ______ 08-20-18 Individual Tax Update Under Tax Reform- 2018 (6 CPEs – Taxes) ______ 08-21-18 Business Tax Developments Under Tax Reform- 2018 (6 CPEs – Taxes) ______ 08-23-18 2018 A&A Update and Review (6 CPEs – Accounting 4, Auditing 2) ______ 08-24-18 Simplifying Private Company Financial Reporting/ Disclosures (6 CPEs – Accounting 4, Auditing 2)

HOTEL INFORMATION

(Nights of August 19-24, 2018 Please (departure on August 25, 2018 check

(7 days/6 nights) (Per Person)

Double Occupancy Please fill in: Room Category Package Cost

Fairmont Run of House ____ Deluxe Sea View ____ Fairmont Gold Sea View ____

$1,632 $2,088 $2,688

Arrival date: _________________ Departure date: _________________ Cost of extra nights and additional persons: Please call for details.

Hotel package payment: $200 per person due with this reservation: Balance due: June 1, 2018

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REGISTRATION FORM (CONTINUED) PAYMENT: ______Pay by check (mail check to address below)

COST: Conference fee

$__________

Hotel deposit # people _____ x $200 = $__________ ______Charge my credit card

TOTAL AMOUNT

$__________ _______

[Balance of hotel package due June 1, 2018) ____ MC ____ VISA

Card number Exp date

Code

State(s) for which CPE is required: ____________________ I work in: _____ Public accounting _____ Industry _____ Other _____________

I am a (an):

____ CPA ____ Atty ____ PA ____ Other ____ CFP ____ EA (PTIN ______)

SELF-STUDY PACKET: Participants receive 6 CPEs for attending each live session and can receive additional CPEs (equal to the number of CPEs purchased) by completing optional self-study courses. Self-study materials will be available in modules of 2 CPEs and 4 CPEs (taxation and A&A). Summary of CPEs available at this program: Live Group study= 24 CPEs; Self-Study= 16 CPEs for a total of 40 CPEs. Please tell us how you would like to receive your self-study materials: (CHECK ONE) _____ On-line access to self-study courses in a downloadable PDF format _____ Distribute self-study courses to you on-site at the conference Hotel Cancellation: Refunds for hotel cancellations will be made, less a $100 per person administrative fee, if cancellation is made in writing on or before June 1, 2018 For cancellations after June 1, 2018 any portion of the hotel package cost not refunded by the hotel to NTI will be deducted from the refund. Any cancellations must be made in writing and emailed to [email protected] or faxed to 888-552-9749. No refunds for early departures. Conference Cancellation Policy: Conference fee will be refunded in full only if notice is received in writing at least 60 days prior to the first day of the conference. With respect to a cancellation occurring within 60 days, no refund shall be granted but credit will be given toward a future conference. This policy applies to the conference fee only and not to hotel costs. On June 1, 2018, I authorize NTI to charge my credit card noted above for the balance of the hotel package. Signed: ______________________________________

CALL 888-515-3674 (Extension 1), fax to 888-552-9749 (or email [email protected]) and register by credit or debit card (MC/Visa) Please: Fax this form to 888-552-9749, or Email this form to: [email protected], or Mail this form to: NTI Conferences, P.O. Box 375, Burlington, MA 01803 For more information, please visit our website at: www.nticpe.com.