Conference Schedule Session Highlights Hotel Information Registration Information 4 Easy Ways to Register

Exhibitor Visit our exhibitor during registration and networking breaks: Paychex

Session Highlights:

• Tennessee Asset Protection Trusts
• Entertainment Industry Impact on Nashville & Tennessee
  
• 360 From the Accounting Angle
• Minor League Baseball Today
• Multi-Jurisdictional Tax and Withholding Issues Facing Professional Team Members
• Effect of New Deferred Compensation Rules on Individual Employment and Other Service Arrangements
• 360 Recording Agreements
• The Asset Protection Trust and the ProfessionalAthlete

Course Level: Update
TSBA Subject Code: M/T
CPE Credit: 8 hours

Conference Schedule:

Friday, Nov. 13 7:30 - 8 a.m. Continental Breakfast/Registration 8 - 8:05 a.m. Welcome/Announcements 8:05 - 8:55 a.m. Entertainment Industry Impact Dr. J. Patrick Raines, Dean and Professor of Economics, Belmont University, Nashville, Tenn. Join Dr. Raines as he discusses the economic impact of the music industry in Middle Tennessee. *This session qualifies for CLE credit. 9 - 9:50 a.m. Tennessee Asset Protection Trusts Bryan Howard, JD, LLM, Attorney, Howard & Mobley PLLC, Nashville, Tenn. Trusts are a valuable component of a client’s asset protection plan. Tennessee is one of the leading states for asset protection trusts. The presentation will show you strategies for using these trusts to protect your clients’ assets. 9:50 - 10:05 a.m. Networking Break & Exhibit Viewing 10:05 - 10:55 a.m. 360 From the Accounting Angle James H. (Jamie) Cheek IV, MBA, Flood, Bumstead, McCready & McCarthy, Nashville, Tenn. This session will familiarize participants on 360 and address several questions including: What typical revenue streams are parts of the 360? What is excluded? How does the deal affect the artist’s revenue streams/bottom line? Can the artist afford it? What are some common areas of negotiation/flexibility with a 360? Are 360 deals a solution for record companies? *This session qualifies for CLE credit. 11 - 11:50 a.m. Minor League Baseball Today George King, Vice President and General Manager, Nashville Sounds, Nashville, Tenn. Join George King as he discusses the status of minor league baseball and the Nashville Sounds. 11:50 a.m. - 12:40 p.m. Lunch 12:40 - 1:30 p.m. Multi-Jurisdictional Tax and Withholding Issues Jeffrey L. White, Counsel, Covington & Burling LLP, Washington, D.C. The salary, signing bonus and fringe benefits paid to professional athletic team members typically are taxed by nearly every jurisdiction that they visit. Some team members are unaware that their employers must withhold not only federal, but also state and local income taxes from their remuneration. During this session, attendees will learn about source-based and residency-based withholding, duty-days, taxable compensation and paycheck timing and frequency. In addition, attendees will examine the federal, state and local tax and withholding rules for signing bonuses paid to resident and nonresident players. Finally, attendees will consider the taxability of fringe benefits typically received by team members. Advisors who know these rules can answer their clients’ questions related to their domestic tax obligations as well as help their clients make more accurate financial plans. *This session qualifies for CLE credit. 1:35 - 2:25 p.m. Effect of New Deferred Compensation Rules on Individual Employment and Other Service Arrangements Kendra L. Roberson, Associate, Covington & Burling LLP, Washington, D.C. Section 409A, which was added to the Internal Revenue Code almost five years ago, imposes penalties on employees and other service providers who receive “deferred compensation” under any contract or other agreement that does not satisfy specific requirements. The definition of what constitutes “deferred compensation” under Section 409A includes many more types of compensation than you might expect. We will discuss how to identify Section 409A landmines and how to structure contracts to either avoid being subject to 409A or to comply with the requirements of Section 409A and the advantages and disadvantages of each approach. 2:25 - 2:40 p.m. Networking Break & Exhibit Viewing 2:40 - 3:30 p.m. 360 Recording Agreements R. Landon Dirickson, Esq., Ansel L. Davis & Associates, PLLC, Nashville, Tenn. There are several provisions in recording agreements that can trip up any practitioner, especially in the new world order of “360 Recording Agreements.” This will cover a few of the major points to watch for in both, the more traditional provisions in recording agreements, as well as some of the recent “360 income” provisions. *This session qualifies for CLE credit. 3:35 - 4:25 p.m. The Asset Protection Trust and the Professional Athlete Emmett Russell, Senior Vice President & Trust Officer, Cumberland Trust & Investment Co., Nashville, Tenn. Learn what Cumberland Bank is doing with the new TIST/Asset Protection Trusts when we work with agents, asset managers, endorsement companies, accountants and attorneys for professional athletes (and similarly with artist/songwriters). *This session qualifies for CLE credit. 4:25 p.m. Conference Adjourns/Evaluations

Hotel Information:

A limited block of rooms has been reserved at the Courtyard by Marriott Brentwood at a rate of $89. Reservations may be made by calling 1-800/321-2211. Please reference the TSCPA Sports & Entertainment Conference when making your reservation to ensure you receive the group rate.

Registration Information

Enroll soon because space is limited. Register by Oct. 29 to pay the discounted registration fee. Registrations must be received seven days prior to the event in order to guarantee a seat and course materials. Allow approximately one week for receipt of confirmation.

Cancellations and Substitutions: Cancellations received by Nov. 5 will be assessed a $30 administrative fee. Cancellations received between Nov. 6 and Nov. 12 will be subject to a cancellation fee of 50 percent of the program fee. No refunds are given on or after the date of the program. A $30 administrative fee will be assessed for all substitutions and transfers. Registrants may substitute another individual up to the day before the conference. TSCPA must be notified in advance to ensure proper CPE credit.

CLE Credit: The Tennessee Society of CPAs has been granted accredited sponsor status for a few sessions during this conference (sessions noted above). Please include $8 in addition to the regular conference fee to cover administration of CLE credit.

Registration Fee Includes: conference, session highlights, continental breakfast, lunch and refreshment breaks

Suggested Dress: business casual.

TSCPA provides you with a Proof of Attendance that serves as your permanent record of participation. The Proof of Attendance, noting the credits earned, will be e-mailed within two weeks of the program.

If you have special needs under the Americans with Disabilities Act, please attach a written description or call the society office at 615/377-3825.

4 Easy Ways to Register

By Fax
615/309-8054 or 615/377-3904

By Mail
Mail completed registration form and payment to:
Educational & Memorial Foundation of TSCPA
201 Powell Place, Brentwood, TN 37027

By Phone
1-800/762-0272 or 615/377-3825

This conference is presented by The Educational & Memorial Foundation of the Tennessee Society of Certified Public Accountants and the TSCPA Sports and Entertainment Conference Committee.