The ASCPA’s advocacy efforts helped stop the move to change the make-up of the Accountancy Board from the current makeup of five CPAs and two public members to

AZ CPA Quick Quiz You’ve Read It, Now Get Credit Take this quiz on AZ CPA content online or submit this hard copy. Receive a score of 70 percent or more and earn one hour of CPE credit in specialized knowledge. It’s that easy!

Fees: Members: $25 Nonmembers: $40

Online Access

Go to www.ascpa.com/quickquiz to access links to all active quizzes. Once a quiz is purchased, a link and password will be emailed to you. Your results will be sent immediately after completion, and certificates are emailed within two business days.

Hard Copy

Please select one answer for each question. Fill out registration/payment information below and mail or fax to the Society office. Quiz results and certificates will be emailed to the address provided on the registration form. *This quiz will be available until May 2022. Please note that users have three attempts to pass the quiz with at least a 70 percent score.

May/June 2020 Issue of AZ CPA*

1. In this month’s Chair’s message, Ginny De Santo talks about: m Planning /Contingency Plans m Fraud Controls m The Value of Technology

2. What ASCPA member went above and beyond, creating two COVID-19/ Tax webinars for members?

m Josephine Giordano m Ed Zollars m Tom Hanks

m Non-working family members m The CEO

6. According to the Cannabis Panel, the state of Arizona is in line to: m Eliminate legalized medical cannabis m Increase taxing of all cannabis use m Legalize adult-use cannabis by ballot this coming year.

7. Wh a t d e p a r t m e nt ove r s e e s Arizona’s hemp program? m Arizona Dept. of Agriculture m Bureau of Alcohol, Tobacco &

Firearms m Arizona Board of Accountancy

8. Taxpayers may be subject to backup withholding if they fail to: m Provide a correct taxpayer identification number (TIN) when required m Report interest, dividend, or patronage dividend income. m Either of the above.

9. Backup withholding by Partnerships or Subchapter S corporations can only be claimed by: m Partners only m Shareholders only m Partners and shareholders

10. The ASCPA’s advocacy efforts

helped stop the move to change the make-up of the Accountancy Board from the current makeup of five CPAs and two public members to:

m Four public members and three CPAs m Five public members and three CPAs m Five public members and two

CPAs

3.

What is different about the ASCPA Annual Meeting this year?

m It was rescheduled m It is going Virtual m There will be a musical guest

4. A business owner can discover the hypothetical value of a business by having a business valuation done. In order to find the real value, the owner would have to: m Actually sell the business m Do an eight-step analysis m Hire a BV expert

5. When selling a business, who should be removed from the payroll? m The board members

Quick Quiz Registration

Name: ____________________________________________________

Email:_____________________________________________________

Telephone: _________________________________________________

Payment m Member: $25 m Nonmember: $40 Checks: Please make payable to: The Arizona Society of CPAs

Credit Card:

m Visa m MasterCard m American Express

Credit Card #: _______________________________________________

Expiration Date: _____________________________________________

Name on Card. _____________________________________________

Mail to: ASCPA, 4801 E. Washington St. Suite 180, Phoenix, AZ 85034-2040; fax to (602) 252-1511 scan and send to ASCPACPE@ascpa.com.

Your Connection to the CPA Profession

During these uncertain times, the business community and public are turning to CPAs for answers. Now, more than ever, it is important for CPAs to work together to advocate for the business community and profession, learn the details of new legislation that impacts individuals and businesses, and access support from the CPA community. The ASCPA has resources and connections to your colleagues to assist you in navigating these changes and providing value and comfort to your organization and clients.

You have been active on the Connect online community to assist each other, and it is heartwarming to see how the CPA community has come together to support each other. Thank you for your membership in the ASCPA and for being there for your fellow members. We look forward to continuing to be your connection to the CPA profession.

The Connect community to me is a game changer. Where else can you access individuals with untold knowledge and experience to answer any question?

It has been a resource that

I can’t put a value on.

Ryan Christopher Littleton, CPA

Your CPA Community

As a member, you have access to the Connect site, a robust online community made up of your colleagues. They will answer your questions and provide you with resources that will benefit you, your organization and your clients.

Get connected • Get informed Login now at connect.ascpa.com/home

You will also have opportunities to connect with the CPA community this year through Zoom video calls. Watch your email for more details.

Renew Your ASCPA Membership www.ascpa.com/renew • (602) 252-4144

Advocating for You

CPAs are impacted by actions by the Arizona State Board of Accountancy, the Arizona Legislature and Congress. We are seeing activity in all of these areas at a much more frequent basis than we ever have before.

Ross M. Grainger, CPA

One thing I really like about the ASCPA is that I know it handles the legislative side of things, protecting CPAs, so I don’t have to think about it. I like to know that someone is advocating on my behalf.

Here are some of the ways the Society and its membership has had an impact this year: • The Accountancy Board was at risk of losing CPAs as the majority of its members due to legislation that would reduce the current makeup of the Board from five CPAs and two public members to four public members and three CPAs. The ASCPA, with member assistance, worked diligently to educate lawmakers on the necessity of expertise on the Board. Thanks to the Society’s quick action and member outreach, CPAs were removed from proposed legislation.

The ASCPA, with assistance from DeMenna Public Affairs, hand-delivered letters to all 90 Arizona legislators requesting full conformity in the 2020 session as quickly as possible to make paying taxes easier for Arizonans. Governor Ducey signed the legislation on March 24.

• The ASCPA sent a letter to the governor and legislative leadership, requesting that CPAs and accounting services be included in any order related to essential services during the COVID-19 pandemic. Governor Ducey included accounting services under essential professional and personal services in his Executive Order 2020-12. We are grateful our members have the flexibility to continue their important work to support others during this time.

Maximize Your Growth

The ASCPA is responding quickly to the changing laws and business needs in this new environment to bring you education that will assist you, your organization and your clients.

Take advantage of these special offers for members:

Additional 15% off CPE when you register by May 31

8 Hours of Free One-Hour CPE Webinars (announced throughout the year)

It is challenging no matter where you work today. We work in a global interconnected environment in real time. I find that the Society’s CPE courses are what keeps me current and relevant.

Laura S. Leopardi, CPA, ABV, CFF, CGMA

Employment

DIRECTOR OF ACCOUNTING — Uncommon Giving Corporation - OMNI is retained by Uncommon Giving Corporation (UGC) in the search for a Director of Accounting to function as the day to day resource responsible for all accounting and financial reporting functions. Reporting to the CFO, the incumbent will: • Ensure shareholder/board reporting is properly prepared • Manage work efforts of auditors, regulators and tax preparers • Manage reconciliation/problem resolution with bank and investment account • Support the organization with analysis, problem solving and decision support • Bachelor’s degree. CPA preferred.

• Demonstrated knowledge of GAAP. • Demonstrated success with the development/management of financial and accounting functions • Experience with investment accounting, shareholder reporting & tax. Contact: https://searchcareers-omniemployment.icims.com/jobs/2717/director-ofaccounting/job

TROUBLE-SHOOTER and PROJECT

CPA available for hire. Construction, SBA loan, real estate, Lacerte tax, AZ Tribal and PEO experience. Work remotely or inhouse, per diem or full time. LinkedIn. AZ brokers license, PWCoopers, bank industry auditing all bonuses. Seasoned. howietax@ gmail.com.

Office Space

Executive Office Space for Lease — Executive office $800. Beautiful garden-style office complex in a great office environment located in north Phoenix. Easy access to SR 51 and SR 101 just north of NWC of Tatum and Shea Blvd. Ample parking, beautiful conference rooms and seminar room. Copier, telephone and internet ready. Includes receptionist to greet your clients. Contact Julie at (602) 953-5000.

NORTH SCOTTSDALE OFFICES FOR

RENT— 1 - 3 offices & 1 - 3 secretarial stations for rent one block east of Scottsdale Road on south side of Gainey Ranch. 1st floor easy parking and access for clients. Share space with the KEYTLaw, LLC, firm. See pictures by doing a Google search for keytlaw. Call Rick at 480-664-7478 or email rk@keytlaw.com.

Corporate Finance and Construction Conference August 28, 2020

Desert Willow Conference Center Available In-Person or via Webcast

Recommended CPE Credit: 8 hours

Enhance your knowledge on a broad range of topics relevant to leaders in the Construction and Corporate Finance industries. Hear from industry experts and get the latest updates and insights on the popular topics such as lien laws, succession planning and cybersecurity. Also offered this year are sessions on the new lease standard, backup withholding/employment tax implications & 1099-NEC, emotional and mental wellbeing, mergers and acquisitions, and an economic update. Personalize your conference experience by choosing sessions from one or both industry tracks. Register online or by phone at (602) 252-4144. https://www.ascpa.com/cfcc20 This conference is designed to serve the needs of financial professionals in the corporate finance and construction industry. • Corporate CFOs and Controllers • Construction company CFOs and Controllers • Accounting firms who support construction companies

Thank you to Gold Sponsors: Paychex • STO4KIDZ • Wallace, Plese + Dreher, LLP.

For more information on classified advertising, go to www.ascpa.com and go to classifieds.

New Job? New Address? Update your contact information on your ASCPA profile. Don’t miss out on important legislative information, upcoming events and member benefits. Login and update your organization or make changes to your professional profile. www.ascpa.com/my_ account

Phoenix Tax Workshop Series

24 Hours of Live CPE for $375

* Added Bonus for purchasing 2020-21 Phoenix Tax Workshop Series! You will gain access to all 2020-21 recorded sessions for later viewing.

The Phoenix Tax Workshop was established in 1961 to educate professionals in all areas of taxation—federal, state and local. We invite you to join this elite group of tax professionals at their Saturday CPE/CLE sessions (eight times per year). This series is also offered as a webcast.

What does it cost? The annual fee of $375 (due by the first meeting in May) includes the opportunity to earn 24 hours of CPE/CLE credit per year, which includes eight, three-hour meetings. You may attend individual meetings for $70. (Payment can be applied toward annual fee if you decide to enroll in the series). To enroll in the Phoenix Tax Workshop Series, complete the registration form below or register online at www.ascpa.com/ptw21.

What’s on the agenda? Topics are drawn from current tax issues, court cases and current legislation on both federal and state arenas. You will have the opportunity to take part in question and answer sessions to ensure you leave with a complete understanding of the material. Updated agendas will be sent prior to each meeting and will be available in the online CPE catalog. Check periodically for updated information.

Who’s on the agenda? Presentation topics are selected and then matched with the expertise of speakers drawn from the Advisory Committee, members of the Legislature and Arizona government.

What is the Advisory Committee? The Advisory Committee is comprised of the Valley’s top legal and tax accounting professionals who have agreed to volunteer their time.

Meeting dates and times The following Saturday meetings are held at the ASCPA offices in Phoenix from 9 a.m. to noon. A full breakfast is included with each meeting. You may also participate by webcast from your home or office.

May 16, 2020

June 20, 2020

Sept. 26, 2020

Oct. 24, 2020 Nov. 21, 2020

Jan. 16, 2021

Feb. 20, 2021

April 24, 2021

Name ___________________________________________ Company ________________________________________ Address ________________________________________ City ___________________State _____ Zip ___________ Phone __________________ Fax ____________________ Email ___________________________________________

Check all that apply: r ASCPA Member r Nonmember r CPA r Not a CPA r Attorney r Other

Method of Payment: r Check r VISA r MasterCard r American Express Name on Card _______________________________ Card Number ________________________________ Exp. Date ____________ Amount $ Signature of Card Holderr______________________

Please return this form and payment to:

Arizona Society of CPAs 4801 E. Washington St., Ste. 180 Phoenix, AZ 85034

4801 E. Washington St., Suite 180 Phoenix, AZ 85034-2040

PRSRT STD U.S. Postage

PAID Phoenix, Arizona Permit No. 952

ADDRESS SERVICE REQUESTED

2020-2021 Annual ASCPA Membership Dues Renewal

It is renewal time! If you haven’t already done so, you may use this form to send your renewal payment.

Select Dues Category:

r Industry or Public Practice.......................................$290 r Government or Educators........................................$215 r Candidate (passed CPA exam, not certified)....$290 r Affiliate (Non-CPA).....................................................$310

r *Retired.................................................................$75 r **Leave of Absence (CPA)..............................$75 r Unemployed........................................................$75 r Full-Time Student.............................................$65

*Retired: Any person who is a CPA, licensed under the laws of any state, or persons who have passed the uniform examination for CPAs may apply. These individuals are completely retired from the accounting practice. **Leave of Absence: Any persons who is a CPA, licensed under the laws of any state or persons who have passed the uniform examination for CPAs may apply. These individuals are currently not working (maternity, military leave, disability).

Amount Enclosed:

Save an additional 15% on CPE when you renew on or before May 31, 2020!

Renew Online: www.ascpa.com/renew

By Check: Return invoice and make check payable to ASCPA Mail to: 4801 E. Washington St., Ste. 180, Phoenix, AZ 85034 Credit Card: Fax payment to (602) 252-1511 or Call (602) 252-4144 Your membership will auto-renew annually. We’ll remind you about the upcoming payment via email. You can update your payment information or cancel your auto-renewal at any time by logging into ASCPA profile or by calling (602) 252-4144. (ASCPA is PCI Compliant)

r Check here if you do not wish to use auto-renewal. Please charge my: r VISA r MasterCard r American Express

Name on Card: ___________________________________________________ Amount $_______________

Card Number: ____________________________________________________ Expiration Date:_____/_____

If you have questions, please contact the ASCPA at (602) 252-4144 or email membership@ascpa.com