The Outlook on U.S. Tax Reform and the Possible Impact on Cooperatives

Date: Tuesday, February 7, 2017
Time: 04:00 PM ET / 03:00 PM CT / 02:00 PM MT / 01:00 PM PT [Prevailing Time]
Presenter(s): Chris Doolittle, Partner; Damien Martin, Director, National Tax Assistant Director- BKD
Learning Objectives:
1. Discuss the tax proposals of President Trump’s and House Republicans tax plan for cooperatives
2. Assess potential impacts of the proposals on both cost sharing & marketing cooperatives
3. Review important considerations to evaluate the possibility of tax change in 2017
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

Recent transitions in Washington make the possibility of tax legislation and comprehensive tax reform important considerations in 2017 and could mean changes to the tax landscape for cooperatives. This 60 minute webinar will discuss the tax proposals of newly inaugurated President Trump and House Republicans and consider what cooperatives may anticipate for the coming year.

Presenter and Moderator Bios
A member of BKD National Manufacturing & Distribution Group, Chris has more than 14 years of public accounting experience. He specializes in providing tax planning services to clients in the manufacturing, distribution and service industries. He interprets the latest tax laws, helps clients reduce their tax liability and provides guidance on the tax implications of business opportunities.

Chris previously served as the national tax assistant director in BKD’s National Office in Springfield, Missouri, where he performed tax consultations with the firm’s offices and quality control reviews. He also contributed to various efficiency and quality control initiatives by developing standardized tax workpapers, engagement letters and checklists.

In 2010, Chris served as director of Camp BKD, the firm’s multiday training and orientation program for new audit and tax staff. He spearheaded a redesign of the curriculum for new hires and worked closely with a team of instructors to teach in-depth technical proficiency and leadership skills. Chris also coordinated the relocation of the off-site portion of Camp BKD to Cincinnati, Ohio.

He is a member of the American Institute of CPAs and Arkansas Society of Certified Public Accountants. Chris was selected as the University of Arkansas Outstanding Alumni for the month of October 2010 and was the Outstanding Graduating Senior for the Walton School of Business in 2001.

Chris was named one of “Little Rock’s Finest” by the Cystic Fibrosis Foundation. He is a board member with the Arkansas chapter of the American Red Cross and the Catholic High School Foundation.

Chris is a 2001 graduate of University of Arkansas, Fayetteville, with a B.S. degree in accounting and a 2002 graduate of University of Arkansas, Little Rock, with an M.B.A. degree.
Damien serves as a national tax assistant director in the National Office. He performs tax consultations and quality control reviews with the firm’s offices and trains personnel on common firm approaches, including standardized tax workpapers, technology tools and new regulatory procedures.

He offers tax consulting and compliance services for closely held corporations, partnerships, limited liability companies and their owners and consults on estate and gift planning, tax planning for high-net-worth individuals, business succession planning, multistate and international taxation and representation before the IRS and state tax authorities. He serves clients in numerous industries, including health care, community banking, manufacturing, retail, construction and professional services.

Damien is a member of the American Institute of CPAs and Illinois CPA Society, where he served on the Estate, Gift and Trusts Committee, participated in the Firm Ambassador Program and is the former chair of the Young Leaders Advisory Council.

He also is a member of the DuPage County and Chicago Estate Planning councils and a frequent presenter to various Chicago organizations as well as author of numerous articles on individual, estate and trust and tax planning topics.

Damien is a 2005 graduate of the University of California, Berkeley, with a B.A. degree, and a 2007 graduate of Golden Gate University, San Francisco, California, with an M.S. degree in taxation.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.