October 23, 2018 Full Day Event
There will be six topics covered during this webinar and in addition to hearing great speakers and topics, you will earn 8.5 PD hours.
23 Oct 2018, 9:00 AM
8.5 CPD hours
4 (1)Register Now
Speaker: Richard Fast2. How the Co-op Model Keeps Businesses Alive when Boomers Cash Out!
Many aging small business owners in Canada are facing a dilemma: How do I afford retirement if I leave my business? Selling to their employees utilizing a Co-operative corporation business model is a win-win solution because the retiring owner is able to monetize value, the business survives and employees retain their jobs. And if the retiring owner wishes to continue involvement but share the ownership burden they can continue by becoming a member of the new Co-operative. Peter Cameron, Co-operative Development Manager with the Ontario Co-operative Association will describe the process with examples of private and community ownership conversions.Speaker: Peter Cameron of Ontario Co-operative Association
3. Transfers at Undervalue / Preferences
Speakers: Richard Williams, CFE, CIRP, LIT of James Williams & Associates Inc. & Michael Myers of PAPAZIAN | HEISEY | MYERS Law
4. Life Settlements: You can sell your life insurance policy and they are an alternative investment
- Did You Know?
- As an individual: You or your clients can sell your life insurance policy?
- As an investor: Life settlements are a unique alternative investment strategy which is not correlated to the stock markets and growth is tax-free as life insurance.
Individuals with life insurance:
Canadian Life Settlements has been helping Canadians in accessing the fair value of their life insurance policies during their lifetime. If you, or your clients, have life insurance they no longer want or need, you may be eligible to sell all or part of your policy.
Why sell a policy?
- A source of cash flow and income
- Provide more value than offered by insurance companies to lapse your policy
- Cover medical expenses
- We take over insurance premiums
From the investor perspective, you can purchase existing life insurance policies from individuals who no longer want or need their policies. These are called life settlements. Life settlements are an alternative investment, not correlated to capital markets, with little volatility and are non-taxable growth as Canadian life insurance proceeds. Life settlements are even better in a company using the CDA account as the growth is non-taxable in the corporation and is also paid to shareholders tax-free.
Speaker: Paul Tyers, CPA, CA, CFP, CIM of Wealth Stewards Inc.5. Data Analytics for CPAs: CRA, Internal Audit and Assurance Audit Uses
Speaker: Sunder Gee, CPA, CMA, CIDA of RTA Corporation
6. Offshore Voluntary Disclosure and Foreign Information Reporting Issues
Learn the different types of foreign reporting obligations that exist for both individual taxpayers and entities. We will review the different circumstances where certain reporting requirements may exist and give some examples of how to satisfy the same. We will also review some of the more recent changes with respect to the information reporting associated with foreign accounts or assets. Learn to identify where past obligations may have been missed and how to remedy those situations, including potential use of the IRS voluntary disclosure program.
Speakers: Randy Andreozzi, J.D. & Mike Tedesco, J.D. of Andreozzi Bluestein LLP
The cost of the webinar is $150 (+tax), which you can pay by any credit card. You will earn 8.5 hours of PD credits when you register. We are pleased to offer an easy, inexpensive and enjoyable way to meet your PD requirements.
We look forward to seeing you at our upcoming events. Should you have any ideas for topics, speakers, or anything else, feel free to contact Melanie Russell, CPA, CA, CBV, CIM, CFE, CFF, ABV at 416-488-9590 x 225.
About the Instructor(s)
Mr. Andreozzi’s legal career has focused on resolution of complex tax controversy matters, large case (corporate) tax matters, tax shelter litigation, employee welfare benefit litigation, and international/territorial tax issues.
For 16 years, Mr. Andreozzi worked for the IRS Office of Chief Counsel, where he served as Industry Counsel for the Commissioner’s Industry Specialization Program (ISP). He evaluated and litigated tax cases presenting Welfare Benefit Plan issues. Mr. Andreozzi litigated many seminal cases in this area, including General Signal Corp. v. Commissioner, Booth v. Commissioner, Parker Hannifin Corporation v. Commissioner, Square D Co. v. Commissioner and Neonatology Associates v. Commissioner. He also assisted and counseled other IRS attorneys and revenue agents in their development of cases under the ISP program, offering valuable expertise in areas involving tax shelters and the corporate income tax consequences of VEBAs and Welfare Benefit Plans.
During his years with the IRS Chief Counsel’s office, Mr. Andreozzi cultivated a strong reputation with attorneys and agents throughout IRS, as well as with outside tax practitioners nationwide. His extensive trial experience extends to other complex tax areas as well. He has tried a variety of complex cases that have established important precedent in the areas of abusive tax shelters, corporate acquisitions (INDOPCO v. Commissioner), international taxation, United States Virgin Islands territorial taxation, and TEFRA partnerships.
His practice areas include international taxation and foreign bank account reporting, criminal tax and financial crime defense, employee benefit taxation, tax shelter litigation, and a variety of emerging areas of federal and state tax law. He has published numerous articles on taxation, and frequently lectures on a variety of current and developing tax issues. He is an Adjunct Professor at the State University of New York (SUNY) at Buffalo School of Management, where he teaches Business Law at both the graduate and undergraduate levels. While he was with the IRS Office of Chief Counsel, he trained Chief Counsel trial attorneys at national litigation schools.
Peter Cameron – Co-operative Development Manager
Peter is responsible for supporting existing co-operatives and starting new co-ops by responding to inquiries, providing technical assistance and identifying funding opportunities to expand our co-operative development activities across the province.
Peter also oversees the Ontario Trillium Grant, which supports the development of new co-operatives across the province, as well as helps to strengthen regional awareness and collaboration between co-operatives and credit unions.
Peter joined On Co-op in April of 2011. Co-operatives have always been his passion and he has extensive experience starting and working in co-operative businesses. He was on the founding boards of Silverwood Housing Co-operative, Guelph Food Co-operative, Guelph Co-op Council and Sumac Community Worker Co-operative (Planet Bean Coffee). He was a Co-op Business Developer and Executive Director of the Ontario Worker Co-op Federation between 1993 and 2002.
Peter is a graduate of the Co-operative Management Certificate Program sponsored by Ontario Co-operative Association and the Schulich School of Business., and graduated from McMaster University with a Hons BSc. He was the recipient of the "Outstanding Contribution to On Co-op Award" in 2004 and the CWCF Worker "Co-op Merit Award" in 2005.
Richard Fast is an author and creator of a number of books and programs, but first and foremost he would describe himself as an ardent researcher. He’s also an American Council of Exercise personal trainer, Health and Wellness Coach and entrepreneur. As an entrepreneur Richard created MindTrap games and more than 30 other products that have sold millions of copies worldwide.
One of his life’s passions has been devoted to understanding the riddle of human behavior and how we can learn to influence it, because when we can deliberately influence our behaviors, we can control the forces that shape our lives.
With over thirty years of proven research and real-world experience, Richard’s going to share a number of practical ideas and simple concepts from his most recent book, The Challenge of Choice that can be applied to the most important life-skill we can acquire, and that is; knowing how to make good decisions, when it really matters!
Sunder Gee, CPA, CMA, CIDA provides electronic data consultative services for tax lawyers, tax accountants and RTA Corporation. Prior to consulting, he was the Electronic Commerce Audit Advisor at the Canada Revenue Agency (CRA) where he provided expertise on electronic commerce issues and computer-assisted audit techniques. Sunder has also developed training material on various topics for the CRA and other organizations as well as published a book called Fraud and Fraud Detection: A Data Analytics Approach.
Background - Michael was called to the Ontario Bar in 1980 and practiced real estate based commercial law at a number of wellknown firms including Goodmans and Gordon Traub. In 2001, Michael became a founding partner of Papazian Heisey Myers.
Areas of Practice - Michael's current practise focuses on debt collection and contract enforcement – which combines the law of contract with commercial litigation strategy and uses the latter as a tool to assist in the settlement of debts and other contract disputes. Of particular interest to Michael over the last few years is his foray into the workings of Section 96 of the Bankruptcy and Insolvency Act and his successes for creditor clients in recovering substantial assets from recipients of Transfers at Undervalue (fraudulent conveyances prohibited by the BIA).
Professional Experience - Michael is one of two lawyers in Canada to manage, in Ontario, the consumer loan collection and the residential mortgage enforcement portfolios of one of the Canadian Schedule “A” banks. Michael has extensive experience in the area of commercial law particularly as it relates to real estate and debt collection matters. Michael’s involvement in commercial loan transactions for lenders has resulted in retainers from title insurers to repair title when fraudulent mortgage transactions arise and in retainers from financial institutions to recover loans obtained by fraud. Michael has also successfully dealt with OPCA litigants and other 'internet-based debt elimination' individuals (Freemen of the Land). Most recently, Michael has expanded his practice toward collecting funds improperly diverted from creditors generally by bringing fraudulent conveyance and transfers at undervalue applications. Michael also acts for trustees in bankruptcy and he represents creditors in Civil, Commercial and Bankruptcy Court.
Mr. Tedesco is a partner at Andreozzi Bluestein LLP. He concentrates his practice in Foreign Bank Account Reporting (FBAR) and individual and corporate tax litigation and controversy matters. Mr. Tedesco received his B.A. at the State University of New York College at Geneseo. He went on to receive his J.D. degree, cum laude, from the State University of New York at Buffalo Law School. During law school, Mr. Tedesco served as an extern with IRS Office of Chief Counsel. Prior to joining the firm, Mr. Tedesco served as a law clerk with another Buffalo law firm.
Mr. Tedesco was recognized along with other attorneys at Andreozzi Bluestein LLP when our firm received the Law Firm Commitment Award from the ECBA Volunteer Lawyers Project in 2014.
Paul completed a business degree at Wilfrid Laurier University and began his career at a major international CA firm upon graduation. After obtaining his CA designation, he moved into corporate finance with the Bank of Montreal and subsequently with Corpfinance International, a boutique M&A firm specializing in mid-market debt financing. In 1987, Paul partnered with a venture capital firm to acquire Retirement Counsel of Canada (RCOC) and directed it through substantial growth prior to selling it in 2002.
Since 2002, Paul has been following his passion of providing wealth management solutions to affluent private clients. Paul began Wealth Stewards, a comprehensive wealth planning firm, which was recognized in 2017 as the winner of the Global Financial Planning Awards for Canada and nominated for the 2018 Wealth Professional Awards in the category of Best Advisor – Alternative Investments.
Richard Williams is a Vice President at Deloitte Restructuring Inc., where he focuses on corporate insolvency and advisory services across a wide range of industry sectors, including manufacturing, construction, information technology and film & media.
Prior to joining Deloitte, Richard was a principal in a boutique insolvency and restructuring firm in Toronto focused on secured lender advisory services in the Canadian mid-market. Richard spent the initial years of his career as a project manager in the corporate reorganization group of Canada’s largest transfer agent.
Richard is a Licensed Insolvency Trustee and a Chartered Insolvency and Restructuring Professional. He has acted as a court-appointed receiver, monitor, and bankruptcy trustee, and advises secured creditors, private corporations and government agencies. He is a member of the Canadian Association of Insolvency and Restructuring Professionals and the Turnaround Management Association.