By Christian Conley
Today, I had a great opportunity to attend an annual tax conference hosted by the MICPA. Hopefully this post will help give you further insight into these types of conferences and the benefits it can give a young professional. Here is a recap of the day:
7:30 A.M: Ethics With a Pinch of S.A.L.T
My first session of the day was actually presented by someone close to me: my father. The session had two main points: technical considerations of the conceptional framework that help guide a CPA in S.A.L.T (State and Local Tax) issues regarding regulatory ethical standards and practical application of said standards (including a small case study). While I was still a tad groggy at this point, it was still a great session.
8:30 A.M: What You Don’t Know Could Surprise You – The Right Stuff from Treasury
This session was from the Michigan Department of Treasury and helped articulate new rules, forms, regulations and other items coming from the state government. While definitely pointed towards a niche audience, session helped expose me to new terminology and issues in tax.
9:30 A.M: Taxing Cross Country – What You Need to Know
This was hands down the most interesting session of the day, with three experts from across the country explaining current state tax issues across the country that are currently either in the Supreme Court or in a Federal Court (and why taxpayers may choose to go to Federal Court instead of State Court). While extremely technical, it was a very eye opening and applicable session.
10:30 A.M: The Latest from the Michigan Tax Tribunal
This session was very new to me, as I only knew the Tax Tribunal from stories around the dinner table. While I would not classify this session as “flashy”, it was a very valuable session to attend.
11:30 A.M: Your Election Flashback
Tom Hoisington, Public Policy Advisor for the MICPA, gave a recap of last night’s election and the future of tax in the state of Michigan.
12:00 P.M: This was our lunch break, which was a great networking event. I met associates that were roughly the same age as me to old veterans of the tax world who wanted to maintain their CPA by accumulating CPE hours. It was a truly amazing experience, as I met all types of professionals: business owners, partners, directors, and lawyers from all sectors of business.
12:30 P.M. – 5:05 P.M: Breakout Sessions
For the rest of the day, it was really up to the attendee what they wanted to see: everything from “Tax in the Cloud” to “Big Ten Update – Tax Style.” I choose a topic that I have been studying recently in my tax class (ASC 740), which was also taught again by my father.
Tomorrow in my next post, I will explain how these conferences are not just for CPAs trying to rack up CPEs but how it can benefit a current student’s career.
Christian Conley is the current President of Beta Alpha Psi. You can reach him at firstname.lastname@example.org