If you are new to this program, please register with us by Friday prior to the session
In addition, the new link for the Golden West Council FMN Session is: https://home.kaplanlearn.com/portal/GoldenWest
Please Log-in at 8:55 AM to ensure polling questions are validated.
Note: To earn certification, one must be on for 50 Minutes and answer 3 of the 4 Polling Questions. Kaplan has become very strict.
Here are the January 2025 topics:
09:00 AM
From Compliance to Consulting: Accounting in the Age of AI
Field of Study: Regulatory Ethics
Accountants must adapt to the transformative impact of Artificial Intelligence (AI) and evolving ethical standards to remain competitive and provide value to clients. Frank Castillo highlights the shift from compliance-focused practices to consulting roles, emphasizing the importance of leveraging AI tools for deeper industry insights and enhanced client services. He discusses how emerging legislation, such as data privacy laws in California, Utah, and Colorado, necessitates robust data governance and transparency. Castillo also explores strategies for fostering client trust through meaningful connections, addressing algorithmic bias in AI systems, and balancing technological advancements with a human-centered approach.
10:00 AM
Navigating PTET, NIIT, and SECA for Pass-Through Entities
Field of Study: Taxes
Understanding Pass-Through Entity Tax (PTET), Net Investment Income Tax (NIIT), and Self-Employment Contributions Act (SECA) tax is important for identifying strategies to minimize tax liabilities for owners and partners of pass-through entities. David Kirk, Tax Partner and leader of the Private Tax Group of Ernst & Young LLP’s National Tax Department, joins this segment to discuss key tax issues for PTEs and explains the differences between credit and corporate taxation models for PTET, state-specific rules, and the impact of default elections. This includes discussion of how pro rata allocation affects deductions and credits, potential S Corporation status issues, and the role of grantor trusts.
11:00 AM
How AI Uncovers Fraud and Strengthens Ethics in Forensic Accounting
Field of Study: Accounting
Discover how AI is revolutionizing forensic accounting in this insightful interview with David Zweighaft, a leading expert in the field. Zweighaft explores how advanced AI tools enhance fraud detection, improve efficiency in analyzing vast datasets, and aid in uncovering hidden financial irregularities. He highlights the ethical considerations and challenges of integrating AI, such as mitigating biases and validating AI-generated findings. By balancing the power of AI with professional skepticism and human judgment, forensic accountants can strengthen their investigative processes and ensure ethical, reliable results. This discussion is a must-watch for those looking to future-proof their forensic accounting practices.
12:15 PM
Spice Up Your Life: A Crash Course on SALT
Field of Study: Taxes
The field of state and local taxes is a dynamic and exciting field full of complexities. Jordan Goodman, Partner at Kilpatrick, Townsend & Stockton LLP explores fundamental SALT topics such as the development of Public Law 86-272 and its applicability today. Goodman also discusses how differences in state sourcing rules have led to litigation. He details other relevant state and local tax concepts such as alternative apportionment, separate vs. unitary filing positions and sales and use tax in a service economy. Through Goodman’s extensive knowledge of state and local tax cases, he shares real world examples which help these often-abstract ideas to come to life.
Where?
Virtual from your home
Login to your Kaplan account to access the virtual classroom at:
https://home.kaplanlearn.com/portal/GoldenWest
When?
Date: Saturday - January 11, 2025
Time: 9:00 am to 1:15 pm