Join us at the 2023 Rocky Mountain Area Conference (RMAC) for two sessions featuring Jamie Overberg, Partner at TaxOps Minimization. In a keynote session, panelists in “Where Have the Accountants Gone?” dig into the reasons behind the shifting landscape of accounting careers and explores solutions to address the knowledge drain affecting businesses globally. Moderated by Jamie Overberg, this panel features Dan DeLau, Paul Greiving, and Mario Everett. Jamie is joined by Chris Stroh in a second session to guide attendees through the intricacies of the 2017 Tax Act’s new requirements related to Section 174 Research & Expenditures. Businesses must adapt swiftly, amortizing a broader range of expenses. Gain insights into navigating this transition effectively.
KEYNOTE SESSION
Where Have the Accountants Gone?
Friday, September 29, 1:30 pm – 12:30 pm
Where have the accountants gone? Short answer – to finance or other better paying gigs, or jobs of passion, or positions that do not require a CPA designation, or a multitude of other destinations. Why, and what – among universities, service providers, professional societies, and legislators – is being done to combat a knowledge drain impacting businesses everywhere. That’s what we’ll explore here in this discussion with panelists who are on the front line in identifying ways to increase the CPA pipeline, moderated by Jamie Overberg.
Learning Objectives
- Driving factors of declining numbers in profession
- What are universities doing to combat the problem
- Industry activities to build the pipeline
- Legislative initiatives
Panelists
Dan DeLau, CPA, LL.M., co-founder of TaxOps and associate professor of accounting for the School of Business and Leadership at Colorado Christian University.
Paul Greiving, Executive Director, Education Foundation, COCPA.
Mario Everett, student in Accounting and Finance (2025), Leeds School of Business, University of Colorado, Boulder.
Moderator
Jamie Overberg, Partner, TaxOps Minimization
BREAKOUT SESSION
Tax Timing Differences in New R&D Cap Requirements
Thursday, September 28, 11:15 am – 1:00 pm
The 2017 Tax Act now requires businesses of all sizes to amortize Section 174 Research & Expenses. Section 174 expenses are expansive – significantly more so than Research & Development costs — and include all such costs incidental to the development or improvement of a product and software. With limited regulatory guidance and little time to transition, businesses and their tax providers have been scrambling since January 2023 to define and identify these assets and account for them under the new law. TaxOps’ Jamie Overberg and Chris Stroh share the challenges, activities, steps to follow and pitfalls to avoid in facilitating the transition to amortizing Section 174 expenses.
Learning Objectives
- Legislation updates on new capitalization rules
- Steps to facilitate the transition to capitalizing R&D expenditures
- Implication on international taxes
- IRS guidance and clarifications
- Internal accounting implications due to new capitalization requirements
Speakers
Jamie Overberg, Partner, TaxOps Minimization
Chris Stroh, J.D., McGuire Law Firm
About Jamie Overberg
With over 20 years of public accounting experience, Jamie Overberg has seen, worked with and tamed some of the most complex tax issues in Research & Development (R&D) credits and is a national leader in the field. She brings deep technical knowledge in optimizing and justifying claims of federal and state R&D credits across all industries. Jamie spent 13 years with the tax practice of E&Y and was a member of their National Research and Development practice in Washington, D.C. As a partner at TaxOps, Jamie negotiates with the IRS and state authorities across the country, advocating for business credits for clients engaged in innovative work.
About the Conference
The Rocky Mountain Area Conference takes place on September 28th & 29th, 2023, and provides NASBA CPE. The 2023 RMAC offers attendees a choice between In-Person at the DoubleTree by Hilton Denver Central Park or Virtual conference experience. Sessions are from 8:00 AM MT – 4:30 PM MT.
Started over three decades ago, the RMAC attracts over 325 attendees to listen to 20 different speakers over two days, offering 16 hours of CPE. The annual event is co-sponsored by the Accounting & Financial Women’s Alliance, The Institute of Management Accountants, Financial Executives International, and The Institute of Internal Auditors.
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