The Tax Trends Webinar Series is designed to offer education and information on issues impacting your business. Please join us for one or all of our sessions; click on a date below to register.

Compliance Considerations: Intercompany Financing (View Now)
E-Commerce: State and Local Tax Considerations (View Now)
IRS Hot Topics: What Business Owners Need to Know (View Now)
VAT: How Does it Work? (View Now)
Going Global: Key Considerations in International Expansion (View Now)
Compliance Considerations: State Income Tax (View Now)
The Cyber Security Landscape and Your Culture of Security (View Now)
Offshore Voluntary Disclosure: A Clean Slate for Businesses (View Now)
Global Mobility Considerations (View Now)
Innovation and Process Modification: Qualifying for the R&D Tax Credit (View Now)
Transfer Pricing: Impacts on Your Effective Tax Rate (View Now)
Energy Efficiency Tax Benefits: 179D & 45L (7/19/2017)
Maximize Your Cash Flow Through Cost Segregation (7/21/2017)
What's Hot in Sales Tax (8/21/2017) & (8/22/2017)
Reducing your Tax Liability through IC-DISC (8/23/2017)
Planning For Your Future: The Latest in Wealth Transition (9/21/2017)
Understanding Nexus for Sales & Income Taxes (10/20/2017)
Year End Planning Update (11/14/2017) & (11/15/2017)


Compliance Considerations: Intercompany Financing
View Recording Now

When loaning money between related U.S. and foreign entities, there are specific and recently-enacted regulations that need to be followed. Related party financing can be beneficial, but proper planning and documentation are increasingly important. Join us for a webinar discussing business considerations for intercompany financing.

Learning Objectives:

  • Review the basics of intercompany financing
  • Outline U.S. and international rules, including Transfer Pricing
  • Examine BEPS considerations
  • Discuss Final Section 385 regulations

Presenter: Jason Fritts, MBA, International Tax Senior Manager
Jason has more than 12 years of transfer pricing experience, managing both domestic and international projects related to transfers of tangible and intangible property, the provision of services, and lending between related parties in multiple tax jurisdictions. He provides transfer pricing services across various industries. Jason has also assisted companies with planning and implementing intercompany pricing while helping to minimize risk, and has managed planning and documentation studies, provided controversy and audit assistance, performed cost sharing and headquarter cost analyses, and provided tax-optimized supply chain planning.

 

E-Commerce: State and Local Tax Considerations
View Recording Now

Business owners are typically familiar with their applicable state and local tax rules when managing a locally owned and operated business. However, when a business sells, promotes or operates outside of their jurisdiction, such as online, sales and use tax laws get complicated. It is important to determine whether or not your sales have created nexus. Nexus refers to “connection”. For sales tax purposes, nexus is established in person, through third parties or via the internet.

Popular online retailer Amazon faced these complications, and now the Amazon model is a standard amongst online retailers. Join us for a session discussing the Amazon model and what you need to consider when selling your products online to remain in compliance.

Learning Objectives:

  • Explore the “Amazon Model” and how it could apply to your business
  • Define Nexus and understand how it can be established
  • Discuss what your company needs to do to be a successful online retailer

Presenter:

Mike Herold, J.D., Regional Director - State and Local Tax Services
Mike has more than 20 years of experience in state and local tax with an emphasis in the sales tax area. He has represented clients in every state for income and sales tax issues and is a recognized multi-state expert and frequent national speaker. Mike has vast experience in income tax, franchise tax, gross receipts, personal and real property, and unclaimed property.

 

IRS Hot Topics: What Business Owners Need to Know
View Recording Now

This webinar will discuss key developments over the last year in individual and business taxation. Learn about the IRS’s current areas of focus in examination and appeals of interest to business owners. It will also briefly discuss the impact of the election on the IRS and potential upcoming tax legislation.

Learning Objectives

  • Review the process of an examination and the keys to presenting and protecting your evidence;
  • Identify the issues commonly raised by the IRS including reasonable compensation, large losses, material participation, and related party transactions
  • Discuss the IRS Global High Wealth exam team that audits high wealth taxpayers;
  • Explore new IRS rules regarding required disclosure of captive insurance
  • Review IRS issues involving Donor Advised Funds and IP Monetization
  • Discuss the impact of new partnership audit rules in the post-TEFRA era.
  • Briefly discuss the impact of the presidential election – what will the IRS look like under the new administration and what potential tax legislation could be coming?

Presenters:

Benjamin Peeler, JD, CPA, LL.M, Partner
Ben has more than 16 years of tax experience specializing in federal tax, controversy and procedure. He works with clients in the areas of income tax, estate and gift tax, property tax, sales and use tax, estate planning and other various tax matters. Ben has represented the IRS before the United States Tax Court in large and specially designated tax cases, and in litigation before the federal district court as a special assistant to the United States Attorney. He has also worked as an attorney for the IRS Office of Chief Counsel. Also, he has led and instructed groups of attorneys, revenue agents and revenue officers through various procedures. He leads Eide Bailly’s IRS Controversy and Procedures practice.

Mike Mondelli, JD, Manager
Mike has over eight years of tax and legal experience, specializing in federal tax. He provides advice on IRS practice and procedures including examination, appeals, collection, penalty abatement, audit reconsideration, research, and various other federal tax matters. Mike has also worked for the IRS, conducting audits for the Examination division and resolving United States Tax Court cases for the Office of Chief Counsel. Mike works in the firm’s Minneapolis office.

 

VAT: How Does it Work?
View Recording Now

Value Added Tax (VAT) generally applies to the sale of goods and the provision of services in many foreign jurisdictions. It is important to understand how this tax works in order to know how your business may be impacted and to ensure you remain in compliance. This session will explore a general overview of VAT in the EU, Canada (GST/HST) and Mexico, and discuss how the tax may apply to your business.

Learning Objectives:

  • Discuss the main rules and concepts surrounding Value Added Tax and compare to Sales & Use Tax
  • Determine when VAT may be applicable in the EU, Canada, and Mexico
  • Review the application to sale of goods, services, and online transactions

Presenter:

Shannon Lemmon, CPA, Partner
Director of International Tax Services
Shannon has more than 16 years of public accounting experience and a diverse background in the international tax area. She provides specialized tax services to clients, as well as educates staff and provides thought leadership on international tax matters. Shannon is experienced in the areas of inbound and outbound international tax planning and compliance issues for companies and individuals, as well as a wide variety of other specialty areas.

 

Going Global: Key Considerations in International Expansion
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Successful international expansion of your business requires basic knowledge of tax risks and opportunities and how they apply to your business. Tax reform under the new administration will add to the risks and opportunities that must be considered. Join us for a session outlining the top things businesses need to consider when working or expanding internationally.

Learning Objectives:

  • Discuss the key considerations for businesses expanding internationally
  • Review how to best minimize tax risks and costs
  • Explore how to take advantage of opportunities

Presenter: Fernando Lopez, MBA, JD, International Tax Senior Manager
Fernando has more than 18 years of experience working with clients in international tax, and has advised a variety of international clients with cross-border tax matters. He has supported U.S. clients in cross-border operations, tax planning, and transfer pricing. Fernando has additional experience in a wide variety of international tax issues, including global trading structures and international compliance.

 

Compliance Considerations: State Income Tax
View Recording Now

State and local income tax compliance is always evolving, making it important to stay up-to-date on changes affecting your tax liability. This webinar will cover what individuals, flow-through entities, S corporations and C corporations need to know regarding state and local income tax rules. Help ease your compliance burden by being knowledgeable about the ins-and-outs of multistate and local income taxation.

Learning Objectives:

  • Identify the hot topics for multi-state income tax for C corporations, S corporations, pass-through entities and individuals
  • Discuss the interplay between nexus and revenue sourcing rules
  • Review the recent cases affecting multi-state income tax

Presenter: Stacey Roberts, CPA, Senior Manager
Stacey has more than 18 years of public accounting experience in tax, with 16 of those years focusing exclusively in state and local taxation. She has experience with a variety of different entities, including C corporations, S corporations, LLCs and partnerships, and assists clients in a variety of state and local tax areas including legal entity restructuring, nexus studies, state income tax filing methods, apportionment analyses, sales and use tax analyses, credits and incentives, due diligence, audit assistance, income/franchise and sales/use tax compliance and state tax provisions.

 

The Cyber Security Landscape and Your Culture of Security
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The depth and breadth of cyber threats & challenges faced by organizations today has never been greater. Data compromise and system breaches have become commonplace in our society, leaving those accountable for the data entrusted to their organizations without a clear action plan. Spending millions of dollars on the latest technologies in an attempt to protect themselves from becoming the next organization in the news is a common, but insufficient, tactic. Cyber security involves more than policies, procedures and technologies. Join Eide Bailly to find out how to establish a culture of security for a comprehensive and resilient solution to the cyber threat landscape.

Learning Objectives:

  • Identify cyber security risks within your organization
  • Review steps to take to create a culture of security in your organization
  • Recognize the impact each person has on the security of data

Presenter: Eric Pulse, CISA, CISM, CRISC, GSEC, CFSA, Principal
Eric has nearly 20 years in the public accounting and consulting industry providing information technology risk advisory and cyber security consulting services to a variety of industries, including health care, insurance, financial services, banking, credit union, retail, manufacturing, and governments. He performs IT audits, cyber security reviews, and control reviews, as well as provides leadership in developing and enhancing IT risk advisory and cyber security consulting practice for people, processes, methodologies and growth.

 

Global Mobility Considerations
View Recording Now

There are numerous tax implications that inpats and expats must consider when deciding to enter the global market. Global mobility programs can create complicated tax responsibilities for companies and their employees, and staying in compliance takes a comprehensive approach. Join us for a session discussing inbound and outbound considerations for global mobility.

Learning Objectives:

  • Discuss global mobility and its implications
  • Review the tax burdens on inpats and expats
  • Outline tax planning strategies for working abroad and hiring outside of the US

Jared Johnson, EA, International Tax Senior Manager
Jared has more than 10 years of professional experience with expatriate and inpatriate taxation. He specializes in international taxation and tax equalization as it specifically relates to individuals. His experience includes both U.S. citizens (and green card holders) working abroad, and individuals from foreign countries working in the United States. Jared also has specialized knowledge in various voluntary disclosure programs available to U.S. taxpayer's with undisclosed accounts.

 

Offshore Voluntary Disclosure: A Clean Slate for Businesses
View Recording Now

In 2012, the IRS launched a program for people with undisclosed income in offshore accounts. This program gives those who qualify the chance to disclose this offshore income on their tax returns. These individuals will be subject to a penalty; however, this penalty is a small price to pay to avoid criminal prosecution by the IRS. Changes have been made to the program in 2014. Join us to learn more about this legislation and its benefits.

Learning Objectives:

  • Identify the process and requirements of the Offshore Voluntary Disclosure Program
  • Discuss the changes between the original 2012 OVDP and the current 2014 legislation
  • Identify the benefits of making a voluntary disclosure
  • Determine how offshore penalties are calculated within the program

Mike Criddle, CPA, Partner
Mike has more than 15 years of experience working in tax with partnerships, S corporations, corporations, individual, trusts and nonprofit tax. He specializes in international taxation, specifically as it relates to individuals. His experience includes both U.S. citizens (and Green Card holders) working abroad, and individuals from foreign countries working in the United States, as well as the various reporting obligations stemming from these situations. Mike also has experience with foreign investment in the U.S., and the employment-related issues a company would face in sending employees on foreign/domestic assignments.

 

Innovation and Process Modification: Qualifying for the R&D Tax Credit
View Recording Now

In 1981, congress implemented the federal Research & Development (R&D) tax credit to encourage companies to invest in innovation. Since then, the government has expanded the types of activities that qualify as R&D allowing many companies to meet the criteria simply through their efforts to stay competitive. Many day-to-day company operations potentially qualify for the R&D tax credit, and as a result, many businesses are receiving tax credits and related deductions for qualified research and development expenditures. Federal R&D credits total more than $10 billion annually; in addition, most states also offer some kind of R&D tax incentive. Join us for a webinar to learn more about R&D tax incentives, and whether or not your company may qualify.

Learning Objectives:

  • Identify the different R&D tax incentives
  • Discuss what is necessary for a company to qualify
  • Outline the many benefits that can result from these types of incentives
  • Discuss recent R&D tax incentive developments, including enhancements for small and medium sized businesses

Presenter: Joe Stoddard, CPA, Partner
Joe has 16 years of tax consulting experience providing services to a variety of industries. He helps clients benefit from R&D tax incentives (including federal and state credits) and regularly works with the IRS and state taxing authorities to support R&D tax incentives claims. He is a sought after R&D tax incentive resource, having written numerous articles and facilitated many presentations on the topic.

 

Transfer Pricing: Impacts on Your Effective Tax Rate
View Recording Now

Transfer pricing refers to the price at which related parties interact for intercompany transactions within multinational and multistate firms. Transfer pricing rules apply to related party transactions including tangible transfers, intangible transfers, provision of services, and intercompany loans and financing.

While firms set their own intercompany pricing policies, failure of those policies to follow both U.S. and foreign transfer pricing rules can result in penalties and adjustments. If your firm is multinational, transfer pricing policies may likely affect your global tax rate. Proactive development of transfer pricing policies can help you minimize compliance risk and potentially reduce your global effective tax rate. This webinar discusses the basics of U.S. transfer pricing planning and compliance.

Learning Objectives:

  • Define transfer pricing and related terms
  • Review transfer pricing methodologies and common mistakes
  • Discuss penalties associated with transfer pricing errors
  • Examine necessary documentation of transfer pricing

Presenter: Jason Fritts, MBA, International Tax Senior Manager
Jason has more than 13 years of transfer pricing experience, managing both domestic and international projects related to transfers of tangible and intangible property, the provision of services, and lending between related parties in multiple tax jurisdictions. He provides transfer pricing services across various industries. Jason has also assisted companies with planning and implementing intercompany pricing while helping to minimize risk, and has managed planning and documentation studies, provided controversy and audit assistance, performed cost sharing and headquarter cost analyses, and provided tax-optimized supply chain planning.

 

Energy Efficiency Tax Benefits: 179D & 45L
July 19, 2 – 3 p.m. CT

Many people are unaware that there are potential benefits for utilizing energy efficient components when constructing or remodeling a building. For buildings 50,000 square feet or more, the Section 179D energy efficiency deduction may apply. The deduction is available for building owners, as well as general contractors, electrical contractors, HVAC contractors, suppliers, architects and engineers who have significant involvement in the design or construction of governmental buildings.

Similarly, the 45L deduction is an energy efficient home credit. Eligible contractors may qualify for this tax credit for the construction of energy efficient homes if someone then acquires it and lives there during the taxable year.

Join us for a session discussing 179D and 45L and outlining their potential money-saving benefits.

Learning Objectives:

  • Review qualifications for 179D and 45L
  • Identify Credit Benefits
  • Discuss Credit Process and Next Steps

Presenter: Joe Sawatske, LEED, Cost Segregation Manager
Joe has more than eight years of experience providing cost segregation services to a variety of industries, including manufacturing, multi-family housing and hospitality. He has extensive experience in various tax credits, such as 179D and 45L, and assists clients in obtaining and benefiting from these credits.

 

Maximize Your Cash Flow Through Cost Segregation
July 21, 10:30 – 11:30 a.m. CT

An engineered-based cost segregation study is an excellent planning tool approved by the IRS to lower income taxes. It’s based on a detailed process that identifies all the costs associated with a building’s purchase, construction, repair or renovation. Each cost identified is assigned its shortest recovery period in which it can be depreciated (5, 7, or 15-year vs. the traditional 39-year or 27.5-years in case of an apartment building). This allows owners to increase depreciation deductions, reduce the income tax liabilities and maximize cash flow from their real estate investment.

You may qualify for a cost segregation study if you are paying taxes, and you have purchased, constructed or renovated (including tenant improvements) a building in the last 15 years (or however far back you have records). This webinar will discuss the process and benefits of a cost segregation study.

Learning Objectives:

  • Discuss the process of a cost segregation study
  • Review the potential financial benefits
  • Determine whether you qualify for a cost segregation study

Presenter: Julie Helms, CPA, Senior Manager
Julie has more than seven years of accounting experience including significant expertise in capitalization and repair and maintenance is currently responsible for the cost segregation practice within the firm. She has in-depth knowledge of the tangible property regulations and had significant responsibility in the implementation of the regulations within the firm. Julie works with clients, client relationship managers, construction companies, project managers responsible for remodels, store personnel and engineers.

 

What's Hot in Sales Tax
August 21, 2 -3 p.m. CT
August 22, Noon – 1 p.m. CT

There is a lot to keep in mind as you navigate the constantly changing sales tax landscape. It is important to understand how taxes are currently impacting your business, so you may mitigate your exposure and potential liabilities. Join us for an update discussing upcoming sales tax trends, including new rules and regulations, and steps you can take to ensure your business remains in compliance with sales tax rules.

Learning Objectives:

  • Discuss current sales tax trends
  • Preview the up and coming rules and regulations
  • Determine how to reduce your liabilities and assure compliance

Presenter: Mike Herold, J.D., Regional Director of State and Local Tax
Mike has more than 20 years of experience in state and local tax with an emphasis in the sales tax area. He has represented clients in every state for income and sales tax issues and is a recognized multi-state expert and frequent national speaker. Mike has vast experience in income tax, franchise tax, gross receipts, personal and real property, and unclaimed property.

 

Reducing your Tax Liability through IC-DISC
August 23, Noon – 1 p.m. CT

The Interest Charge Domestic International Sales Corporation, more commonly known as the IC-DISC, is an export incentive available for U.S. manufacturers, distributors, growers, and producers, as well as engineering and architectural service providers on foreign projects. The IC-DISC allows certain U.S. businesses to reduce their overall tax liability through a commission mechanism. Profitable businesses with at least $1 million of revenue from an exported product or service that is made primarily in the U.S. are prime candidates. Join us to learn more about this export incentive and how you can determine your eligibility.

Learning Objectives:

  • Discuss the IC-DISC
  • Determine who qualifies
  • Identify how this incentive could benefit your business

Presenter: Mark Griswold, CPA, International Tax Senior Manager
Mark has more than 10 years of public accounting experience providing tax consulting and compliance services. He works in a variety of industries, including international taxation, real estate, manufacturing and professional services. Mark has a significant background with S-Corporations and Limited Liability Companies, as well as thorough experience with IC-DISCs including compliance and commission calculations.

 

Planning For Your Future: The Latest in Wealth Transition
September 21, 2 – 3 p.m. CT

Our holistic planning approach to managing your wealth provides you with a better chance to achieve your personal, charitable and financial objectives than other approaches. It is more likely to be successful than by just focusing on taxes or economics. Our Wealth Transition Update will highlight important strategies and considerations to help you achieve your objectives for you, your charities, your business and your family.

Estate, gift and income tax planning have become more challenging due to recent and proposed legislative and regulatory changes. It's important to stay on top of these changes and modify your plan to take advantage of wealth enhancing opportunities. Join us for a "Wealth Transition Services Update" to learn about strategies that may benefit you and potential legislation that could affect your ability to plan in the future.

Learning Objectives:

  • Discuss the current legislative outlook including the potential impacts of what may be on the horizon
  • Explore current transfer tax strategies
  • Discover how portability, higher income taxes, and higher transfer tax exemptions impact planning for the succession of your wealth
  • Discuss the use of defined value clause clauses

Presenters:

Ramona K. Johnson, CPA, Partner & Ava Archibald, EA, Principal
Ramona and Ava each have more than 25 years of experience in providing estate, gift and fiduciary compliance, and tax planning services with a special emphasis in wealth transfer and estate planning.  They are the co-directors of Eide Bailly’s Wealth Transition Services Group and assist clients with the development of their estate plan.  In assisting our clients they review our client’s goals and provide planning with clarity, offering specific solutions for a plan structured to reduce potential estate tax liabilities.  They also assist clients in developing lifetime gifting strategies such as the use of GRATs, charitable trusts, family partnership and sales to grantor trusts. Both individuals are presenters/facilitators in the areas of estate, gift and fiduciary tax and wealth transition opportunities.

 

Understanding Nexus for Sales & Income Taxes
October 20, 10:30 – 11:30 a.m. CT 

State and local income tax compliance is always evolving, as states assert supremacy by decoupling from federal tax “handouts.” This webinar will cover what individuals, flow-through entities, and C corporations need to know regarding new state and local income tax nexus rules, filing options for flow-through entities to ease compliance burdens, sourcing rules for various revenue streams, and recent cases regarding nonresident individual taxation.

Learning Objectives:

  • Review state and local income tax nexus standards
  • Discuss composite and withholding rules for flow-through entities
  • Determine sourcing rules for various types of revenue streams
  • Discuss recent cases involving nonresident individual taxation, including credit for taxes paid

Presenter: Laura Robichaud, DBA, MBA, Senior Manager
Laura has more than 8 years of financial and tax experience with extensive knowledge of Transaction Privilege Tax (TPT) and Use tax, as well as a variety of other state and local tax issues. She is a taxability expert in a variety of industries, and is proficient in Voluntary Disclosure Agreement (VDAs) programs, Public Law 86-272 Nexus determinations, and amnesty issues. Laura also has experience in in audit support services, as well as state and local litigation issues, appeals, informal petitions, and penalty abatement.

 

Year End Planning Update
November 14, 10:30-11:30 a.m. CT
November 15, Noon – 1 p.m. CT

Your year-end reports must be completed accurately and in a timely manner, without exception! Eide Bailly is here to help. Please join us for a discussion surrounding updates and things to keep in mind as you prepare for year-end. Attendees will learn more about payroll processing, reporting of payroll taxes to federal, state, and local agencies, Nexus, W-2/1099 and payroll updates.

Learning Objectives:

  • Review 2017 W2 reporting requirements
  • Identify taxable fringe benefits
  • Discuss new payroll updates
  • Compare reporting differences of employees and independent contractors

Presenter: Angie Ziegler, CPP, Accounting Services Manager
Angie has 17 years of payroll experience with clients ranging from corporate multi-state payrolls to single sole proprietors. She provides guidance for businesses on day-to-day payroll activities, federal and state notices, garnishment and tax updates.