(2023) Finance Professionals Conference

Description

Join us at IMTA’s inaugural Finance Professionals Conference, where industry leaders, financial experts, and transportation professionals converge for a dynamic exploration of the financial landscape of the trucking and logistics industry. This conference promises to be an invaluable opportunity to gain insights, share knowledge, and strengthen your financial strategies within the dynamic world of trucking and logistics. 

For a formal event flyer, including how to coordinate hotel accommodations, please click here.

8:30 – 8:45 AM
Welcome & Introductions

8:45 – 9:45 AM    
Federal and Iowa Tax Update
Dan Schwarz (Managing Shareholder) & Liz Krause (Senior Manager), MHCS
Get the latest breaking federal and Iowa tax developments! We will cover the provisions of Tax Cuts and Jobs Act that are set to expire, as well as other hot topics for the upcoming tax year. With Iowa introducing the new Pass-Through entity tax, we will go over in detail what that means for your business and entity owners. Lastly, we will cover new tax law changes for Iowa regarding tax rates and tax planning strategies. We promise you won’t snooze through this session.

10:00 – 11:00 AM    
Financial Aspect of Cyber Security
Seth Johnson (Manager – Risk Consulting) & Travis Wendling (Director - Risk Consuling), RSM US LLP
Cybersecurity breaches can have a devastating financial impact on organizations, with the average cost of a data breach reaching millions of dollars. These costs encompass various aspects such as incident response, legal fees, regulatory fines, and compensation to affected parties.  Beyond immediate expenses, organizations often suffer long-term financial repercussions, including damage to their reputation and customer trust, which can result in decreased revenue.  During this interactive session attendees will not only learn the financial impact of breaches but will learn real-world stories of breaches and how to prevent them. 

11:15 AM – 12:15 PM    
Payroll & Legal Overview
Brittney Fox (Principal) & Brandon Knight (Managing Principal of Industry – Logistics), Clifton Larson Allen LLC
Employee, independent contractor, somewhere in between? This session helps identify differences in how to classify your payees with a deeper dive into per diem pay for W2 employees. The session will then shift into how states classify remote employees – could you be on the hook for payroll taxes in these states? Lastly, this session will address 2 payroll tax credits available at the Federal level: Work Opportunity Tax Credit and Employee Retention Tax Credit. Have you been leaving money on the table?

12:15 – 1:15 PM
Networking Lunch

1:15 – 2:15 PM    
State Compliance Overview --- PART 1
Logan Stamps (Director) & Matt Fanning (Manager), Katz, Sapper & Miller
In the ever-evolving landscape of the trucking industry, maintaining financial compliance is paramount for businesses of all sizes. Navigating the intricate web of regulations, tax codes, and financial reporting requirements can be a daunting task, but it’s essential for the success and longevity of your trucking operation.  Join us for an insightful presentation tailored to professionals in the trucking industry, where we will delve into the intricacies of state financial compliance. Our experts will guide you through the nuances of financial regulations specific to the trucking sector, offering practical strategies to ensure your business remains on the right side of the law.

2:30 – 3:30 PM    
State Compliance Overview --- PART 2
Logan Stamps (Director) & Matt Fanning (Manager), Katz, Sapper & Miller