2024 Agriculture Tax & Accounting Conference - Online
Online
8.00 Credits
Member Price $359.00
Price will increase by $50 after 7/14
Non-Member Price $419.00
Price will increase by $50 after 7/14
Overview
See Agenda tab above for the full conference schedule.
Receive 9 CPE Hours with the Bonus Session!
Designed For
CPAs and other business professionals representing farmers and clients in the agriculture industry.
Objectives
To cover unique tax and accounting opportunities and pitfalls in the agriculture industry.
Notice
All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the "My CPE" section of the NESCPA website.
Co-Sponsor with Iowa Society of CPAs
Wednesday, August 14
General Session
7:30am - 8:20am CDT Sponsored Bonus Session: Topic/Sponsor TBD
Attend this session and receive one (1) additional hour of CPE credit (9 hours total).
This session is available to registrants only.
General Session
8:30am - 8:35am CDT Welcome and opening remarks
This session is available to registrants only.
General Session
8:35am - 9:25am CDT Inflation, Interest Rate, and the Impact on Agriculture - Jason Henderson, Iowa State University
After surging in 2022, inflation has slowed with rising interest rates. Many are wondering if the rollercoaster rise of inflation is over or is this another 1970s/1980s cycle. This session will discuss the drivers of inflation and the prospects for inflation and interest rates heading forward. Then, the session will explore the impacts on farm incomes and balance sheets and how farmers are responding to both.
This session is available to registrants only.
General Session
9:35am - 11:15am CDT Farm Tax Update - Paul Neiffer
The agriculture industry’s unique tax rules are closely linked to specialized income and tax deduction opportunities. This session explores the key areas on how to apply tax planning concepts unique to agribusiness and gain guidance on how to maximize tax benefits for your farm clients.
This session is available to registrants only.
General Session
11:30am - 12:45pm CDT Maximizing FSA Program Payments and the Latest on a Potential Farm Bill - Paul Neiffer
This session will review the potential new Farm Bill (if passed) and items CPAs need to know to help their clients maximize FSA program payments.
This session is available to registrants only.
General Session
1:35pm - 2:25pm CDT Accounting & Auditing Update - John Rassi, CLA
This session will explore the impact of recent accounting standards effecting agricultural clients. Stay ahead of the curve by keeping pace with the latest industry updates, ensuring you’re equipped to spotlight current issues to your clients.
This session is available to registrants only.
General Session
2:40pm - 3:55pm CDT Long-Term Care Issues for Farmers and Strategies to Protect Assets - Robert Moore, Ohio State University
Long-term care costs can exceed $100,000/year. Many farm operations do not have adequate income to absorb these substantial long-term care costs. When savings run out, farm assets may need to be sold which jeopardizes the farming operation for the current owners and future generations. This session will discuss long-term care issues for farm operations and address strategies that can be used to help mitigate the risk of long-term care costs.
This session is available to registrants only.
General Session
4:10pm - 5:00pm CDT Tax Considerations for Farm Succession Planning in 2024 - Kristine Tidgren, Iowa State University
In this session, Kristine will review key farm succession tax considerations for 2024. She will discuss the impact of current gift, estate, and income tax rules and analyze common tools to address them.
This session is available to registrants only.
Non-Member Price $419.00
Member Price $359.00