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WAATP A Day of Education with Terry and Tim - 06-17-2022
Friday, June 17, 2022, 6:00 AM - 5:00 PM PST
Category: Events

WAATP A Day of Education with Terry and Tim

 

 

 

Employee Retention-Credit-The Latest Guidance

 

Date: June 17th, 2022

Time: 6:00 am - 8:00 am

 

Location: Icicle Village Resort, 505 US-2, Leavenworth, WA 98826 and Live Stream Option

 

Room Block: $189 

 

    • Room rate will be available 3 days prior and 3 days following Annual Meeting and Educational Opportunity events
    • You can make reservation for you and the office by calling Icicle Village Resort (509)548-7000 or by booking on their website. When calling in, you should reference WAATP Annual Meeting". When booking online, you can use the special code: 38418A. 

        

Price : $120 ($345 if you register for the whole day of Education)

 

Speaker: Terry Bakker, CPA, EA, Tax Speaker

Bio: 

Terry O. Bakker, CPA, EA is the owner of O’Leary’s Tax Service, Ltd. She graduated from Portland State University with a Bachelor of Science degree in Business Administration: Accounting. Terry is a Certified Public Accountant licensed in Washington and Oregon, as well as holding a license with the IRS as an Enrolled Agent, and a Tax Consultant’s license with the State of Oregon. She has over 30 years’ experience in the accounting and tax industry.

 

Terry has been assisting customers with tax filings, representation before the IRS, accounting, and various other services since graduating from college. In addition to her dedication to her clients, Terry has a commitment to her profession. Terry is the Past President of the Oregon Association of Independent Accountants, the past chairperson of the OAIA Education committee, the representative to the IRS Stakeholder Liaison group in Portland, the former Administrative Chair for the Leadership and Development Committee of the National Society of Accountants, and a former trustee for the NSA’s Scholarship Foundation. Terry speaks nationally on income tax matters to benefit other professionals as a presenter for TaxSpeaker.

 

Terry is a member of the Washington Society of Certified Public Accountants and the Oregon Association of Independent Accountants.

 

When not on the road or at the office, Terry spends time with her husband, Bubba, two children, and three grandchildren.

 

Course Description:

This course will cover IRS Notice 2021-49 and Rev. Proc. 2021-33 which clarify the latest rules under the American Rescue Plan and 2021, as well as answering lingering questions regarding the calculation, which owners/spouses/employees are eligible, and how to calculate gross receipts. This course covers the latest guidance through 2022.

 

Course Objective:

Upon completion of this course, you will be able to determine which employers are eligible to take the Employee Retention Credit based upon the Governmental Restriction and Decline in Gross Receipts tests; which wages are eligible for the credit based upon employer size, relationships to owners, and amounts, and how to compute the applicable credit.

 

 

Social Security Retirement: Understanding the Benefits - A 3 Part Series

 

Date: June 17th, 2022

Time: 9:00 am - 5:00 pm

Location: Icicle Village Resort, 505 US-2, Leavenworth, WA 98826 and Live Stream Option

Room Block: $189 

      • Room rate will be available 3 days prior and 3 days following Annual Meeting and Educational Opportunity events
      • You can make reservation for you and the office by calling Icicle Village Resort (509)548-7000 or by booking on their website. When calling in, you should reference WAATP Annual Meeting". When booking online, you can use the special code: 38418A. 

 

Price: $300 ($345 if you register for the whole day)

 

Speaker: Tim Sundstrum

 

Bio: Timothy J. Sundstrom, CPA, CFP, is a partner in Wealthcare Financial Group, LLC, in Newtown Square, Pennsylvania. Tim helps entrepreneurs and business executives with their tax and financial decisions. His firm services a diverse clientele with a specialty in the construction and entertainment industries. Prior to starting his own business, Tim was a manager with a national accounting firm.

 

It is estimated 10,000 baby boomers are retiring each day. This trend is expected to continue for the next 16 years. Most Americans nearing or at retirement age have little understanding of their benefits and as a result Social Security planning has now come to the forefront. Social Security planning represents a great opportunity for those practitioners who are seeking year-round counseling and financial planning fees.  

Topics include:

 

  • Reasons why you should consider adding Social Security and retirement planning.
  • A process for planning
  • Understanding the benefit calculation
  • Analyzing the benefit statement and gaining access to your online account
  • What happens if you take benefits early, at full-retirement or delay
  • Understanding the earnings test and it’s misconceptions
  • Who can receive benefits off or your record?
  • A real-life case study of an extended family
  • How does the COLA come into play?
  • Understanding the family maximum benefit
  • Traps set for government workers
  • Taxation of Social Security and the tricks to mitigate it
  • Understanding the changes from the Bipartisan Budget Act- how they impacted planning and the lucky few who can take advantage of an opening.
  • Can I change my mind?
  • How to get a lump sum payment
  • Understanding Survivors benefits and the need for insurance planning
  • Bend point analysis- Do I really want to pay the full amount?
  • How IRMAA can complicate retirement

 

 

 

We will also announce the 2022-2023 Board of Directors and will hold our annual awards presentation and networking get together immediately following the Annual Meeting. 

 


Contact: WAATP Office - [email protected] - 509-993-2307