March/April 2015 - Florida CPA Today | Volume 31, Number 2 by Florida Institute of CPAs

florida C P A

TODAY

contents MARCH/APRIL 2015

VOLUME 31, NUMBER 2

A P U B L I C AT I O N O F T H E F LO R I DA I N S T I T U T E O F C E R T I F I E D P U B L I C A C C O U N TA N T S

features

cover story

FICPA Applauds 26 Under 36

departments

8 11

Engaging Young CPAs: Hands, Head and Heart

Finding, Providing Meaning in FICPA Membership Survey says….

The Summer Blockbuster Starring You 2015 Mega CPE Conference

Accel 2015 YCPAs learn leadership, join legislative action

2015 Holds Great Promise for Accounting Profession

CPA Exam Statistics How does Florida stack up?

Start With Why Lessons from the AICPA Leadership Academy

Of Course! Your CPE Source

IRS Launches Directory of Tax-return Preparers CPAS with PTIN numbers automatically listed

5 Chair’s message 7 President’s message 32 34 36

Staff reports News Briefs CPAs in the Spotlight

38 Marketplace 40 DOR Update

12 FLORIDA CPA TODAY

www.ficpa.org

Florida A&A Requirements

What’s your opinion?

The FICPA is considering pursuing a statutory change allowing an alternative to the required Accounting and Auditing (A&A) continuing education every two years. Please weigh in by taking the short survey at www.ficpa. org/A&Asurvey.

F L O R I D A

PRESIDENT/CEO Deborah L. Curry, CPA, CGMA SR. DIRECTOR OF MARKETING & COMMUNICATIONS Jan Dobson, CAE, APR, IOM EDITOR Suellen D. Wilkins GRAPHIC DESIGNER Loleta K. Bolden PUBLICATIONS COORDINATOR Dianne Dearduff EDITORIAL COMMITTEE

(Note: Only voting-class FICPA members are eligible. Thank you!)

David J. Hochsprung, CPA, chair Vicki H. Meyer, CPA, vice chair Walter C. Copeland, CPA • Douglas E. Day, CPA Lynda M. Dennis, CPA • Casey A. Fletcher, CPA Michael S. Kridel, CPA • Troy Y. Manning, CPA William C. Quilliam, CPA, Ph.D. All articles submitted to Florida CPA Today are subject to technical review, Editorial Committee review, space availability and editing requirements and restrictions. Please contact the editor before submitting unsolicited manuscripts. Florida CPA Today publishes letters to the editor in its Members’ Forum. For information about the guidelines, visit www.ficpa.org/letterstoeditor. Statements expressed herein are those of the identified authors and not necessarily those of the Florida Institute of Certified Public Accountants, Inc., nor should statements be considered endorsements of products, procedures or otherwise. The FICPA reserves the right to reject any editorial material or paid advertising that does not meet Florida CPA Today criteria or detracts from its ethical and professional standards. Florida CPA Today is published bimonthly by the Florida Institute of Certified Public Accountants, Inc., P.O. Box 5437, Tallahassee, FL 32314. Telephone: (850) 224-2727 or (800) 342-3197. (Street address: 325 West College Ave., Tallahassee, FL 32301.) Visit our website at www.ficpa.org. This magazine is provided to members of the FICPA. No specific amount of your dues, either expressed or implied, is for this publication. This magazine is not available for purchase by either FICPA members or nonmembers. For display advertising information, contact the FICPA Marketing Department at (850) 224-2727, Ext. 270. © 2015 by the Florida Institute of Certified Public Accountants, Inc. All rights reserved. Reproduction in whole or part is prohibited without the express written consent of the FICPA.

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chair’s

MESSAGE

Jeff Barbacci, CPA

During Busy Season, Opportunity Knocks

t’s that time of year again. The time when all of America, not just CPAs, work toward tax freedom day – the day that the nation as a whole has earned enough money to pay its tax bill for the year. This year, tax freedom day is April 21. Of course, as CPAs, many of us focus on April 15 – the last day of our “busy season.” It’s an aptly named season that implies we have too much going on to be bothered with anything but the work in front of us. The problem is that we convince ourselves that the busier we are, the more successful the season is. I learned early in my career to view this time of year a little differently. During the first quarter of the year, CPAs who do tax work – as well as those who work in business and industry – are meeting with clients; creating fresh starts for their businesses; learning new skills; interacting with new staff accountants; and talking with the other professionals who serve our clients. When you think about it, this time of year really is our opportunity season. We have the opportunity to show our clients they made the right choice in selecting us; to develop new relationships; to identify additional client needs; to make the first year a good one for our new staff; FLORIDA CPA TODAY

and to show accounting students we still can have a life this time of year. The FICPA is no exception to this concept. In January, the members of the current and incoming Board of Governors took the opportunity to develop the top five objectives coming out of the 20/20 Vision Task Force. The stage has been set for gradual, yet bold changes that will bring meaningful value to our members. Our governmental affairs team has taken the opportunity to become involved early in the legislative process, monitoring committee activity and bills already being developed. Watch for the Governmental Affairs e-newsletter, IMPACT Report, which will keep you up to date on the issues that could impact our profession. And finally, the Institute is taking the opportunity to develop our ability to engage our student members, and to transition them to active membership after graduation. There’s no question that we all work hard this time of year, but hopefully you’ll approach this year with a slightly different perspective. Take a breather, find your opportunities and take advantage of them. FCT

www.ficpa.org

MARCH/APRIL 2015

president’s

Fully Engaged in the 2015 Legislative Session

MESSAGE

Deborah L. Curry, CPA, CGMA

he 2015 Legislative Session is in progress. By the time you read this column, additional developments will have affected the topics. But with so many issues already demanding my attention, and that of your Government Affairs staff, I thought it was imperative to express how important it is for our profession to be ever-present in the legislative process. The FICPA serves as your voice – and although CPAs may not agree on each issue, we need to show our strength as one of the most respected professions with far-reaching interests throughout this state.

Issue 2 – Compassionate Medical Cannabis Act of 2014

Issue 1 – Fraud and restitution paid to victims

Because we were monitoring this legislation, we immediately contacted DOH and recommended language appropriate to our standards. In place of the aforementioned language, we offered for consideration, “financial statements that have been audited in accordance with Generally Accepted Auditing Standards (GAAS) by a Certified Public Accountant, licensed pursuant to Chapter 473, F.S.” As of publication time, the rules included our recommended language.

Early in the session Rep. Kathleen Passidomo, R-Naples, filed a legislative bill relating to fraud committed in Florida. Provisions in the bill recognized the victims’ plight, not only in relation to the crime, but to the related financial costs. To summarize the intent of the language: in sentencing a defendant convicted of certain violations, not only would the defendant be responsible for restitution, the court may order restitution for the victim’s out-of-pocket costs, including attorney fees and fees associated with services provided by CPAs licensed under Chapter 473, Florida Statutes, which the victim incurred in connection with certain acts to clear a credit history or rating, or certain other costs. I applaud our Governmental Affairs staff for emphasizing the importance of including the CPA profession in this bill. Because of the increasing instances of identity theft, the public is increasingly dependent on our profession to provide critical assistance to victims. Our staff members were tenacious in their efforts to make sure our legislators understood the magnitude of the problem and the financial costs that should be reimbursed to the victims. FLORIDA CPA TODAY

Notwithstanding all of the strictly legal issues and the quagmire of concepts that envelope this subject, the FICPA has been a resource to the Florida Department of Health (DOH) Office of Compassionate Use as it relates to language in a statute that authorizes low-THC cannabis for use by specified patients. Of interest is a term cited in Section 381.986(5)(b)(5), Florida Statutes, which requires dispensing organizations to provide “certified financials.”

Where do CPAs stand in legislation? Regardless of the subject of any proposed legislation, our objective is to focus on the manner in which any statute or rule affects the performance of work to be provided. We often see language in a legislative bill that contradicts the standards under which we conduct our services. We quickly mobilize to educate our senators and representatives, and the staff that drafts proposed statutes and rules, about the requirement for strict adherence to our accounting and auditing standards – and, in appropriate circumstances, our independence requirements. Were it not for the FICPA, no entity would serve this purpose on behalf of CPAs licensed in Florida. This is the most valuable benefit we provide to you – our FICPA members. FCT www.ficpa.org

Engaging Young CPAs: Hands, Head and Heart By Dan Griffiths, CPA, CGMA

This article is the first of a two-part series by Dan Griffiths highlighting “soft skills” relevant to the CPA profession.

ack Welch, former General Electric (GE) CEO, related the following: In the 1990s, GE created a program to solicit feedback from employees at all levels of the organization. Afterward, one of the factory workers commented, “For 25 years, you’ve paid for my hands when you could have had my brain as well – for nothing.” As CPAs, we lend our hands and heads to our employers every day. We’re used to tapping intellectual capital, but we often overlook the power of “emotional capital.” For CPA firms and businesses, tapping that emotional capital means figuring out how to engage young CPAs. How do we consistently engage the heart of each team member in pursuit of firm goals?

Why engage the heart? To some extent, don’t we just want people to put their heads down and get their work done? Wouldn’t that be easier? Perhaps, but employee engagement research performed by Gallup1 is compelling: organizations with engaged employees outperform the competition by a wide margin. Truly successful organizations will find a sustainable competitive advantage when they figure out how to engage the heart of each employee. We don’t just need their head and hands. We’re after their discretionary effort. 8

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How do we engage young CPAs? How do we get our younger team members to voluntarily offer their best efforts? Most of the tried and true hierarchical tools available to us – such as fear, incentives, intimidation or positional power – simply don’t work with this generation. By definition, discretionary effort must be offered voluntarily, not through coercive means. Passion simply cannot be conjured up with just the right mixture of carrots and sticks. For the past few years I’ve presented at the AICPA E.D.G.E. Conference, where I’ve had the privilege of rubbing shoulders with some of the brightest young CPAs in our profession. I offer a few suggestions based on my observations there.

Share meaning Few things are more engaging than the feeling that we are “making a difference.” How do we help our staff connect the work they do with the difference it makes for clients, their team members and the firm? • Use staff meetings to share stories of client successes and highlight how the firm’s work contributed to those successes. • Be sure to talk about the real people impacted, not just the business entities. • Even when it may be difficult to connect their work to the difference it makes for clients, help them see how their work impacts other team members.

• Make sure they understand how their work fits into the overall process, and into the work of others at the firm.

Innovate A recent Deloitte survey2 found that young professionals highly regard creativity and innovation. What are you doing at your firm to show that you’re willing to innovate? Do you embrace new technologies? Have you embraced social media? Are you staying on the leading edge of innovation in client-service offerings? Do the people at your workplace feel like they’re a part of shaping the future of our profession?

create value. In some cases, this means we need to consider changing older models that may control and restrict the flow of information. At the E.D.G.E. Conference, young CPAs openly share what is working and what isn’t in our profession. During and between sessions they collaborate, coming up with new ways to make things better.

Collaborate

“We should be doing this kind of brainstorming and collaboration in our own businesses, but we need support from the top to do it,” one young CPA commented.

As the “open source” generation, young CPAs are very willing to work together. Collaboration and sharing

Is your organization providing staff with that support?

➡

www.ficpa.org

Embrace diversity and inclusion During one presentation at E.D.G.E., former AICPA Chairman Richard Caturano emphasized the importance of diversity and inclusion.

doing to transfer knowledge and perspective from older partners and staff to the younger generations?

Seize the opportunity Let’s contrast two approaches:

“Think about how much better your team could be if you include people who are different from you,” Caturano said.

• Problem Focus – Our firm has a problem with engaging our younger team members. What should be done to address this?

This message resonated with the young CPA attendees. Twitter exploded as they tweeted and re-tweeted Caturano’s statements about the importance of promoting diversity in our profession. Firms that embrace it will instill a sense of pride in their young staff. What is your firm doing to promote diversity and inclusion?

Walk the talk As a profession, integrity is one of our core values. What a differentiator in a world where what leaders say often is different from what they do. As a profession, we aspire to a higher standard, but as individuals, we can fall short. Your staff is watching. At E.D.G.E., I heard comments such as: “They tell you to record all of your time, but what they’re really saying is, ‘don’t record anything over budget.’” “Every firm will say ‘we have a flex program,’ but heaven forbid you actually use it and get blackballed in your career.” As a firm, what are you doing to ensure that your actions fully reflect what you say and believe?

Share your knowledge and perspective Young CPAs are hungry to learn from their experienced colleagues. During a discussion on succession planning, I heard a young CPA make this comment: “We’re not trying to kick you out. We just want to be sure we’re ready when you decide to leave.” To be fully engaged, young CPAs need to feel their employers have an interest in their career development and are open to sharing wisdom. What is your firm

• Opportunity Focus – We have an opportunity to tap into the passion of young CPAs at our firm or business. What’s the one change that would make the biggest impact on engaging them? It’s in our natures. Our society focuses on problems. We’ve gotten very adept at diagnosing what is wrong. But does that really get us to where we want to be? Problems weigh us down. Opportunities engage our hearts. What are you doing at your business to stay focused on opportunities? It’s time to tap into the latent emotional capital in our firms. Think of the legacy of opportunities you can offer the rising generation. What will your business do to engage young CPAs? The future of our profession depends on it. FCT Dan Griffiths, CPA, CGMA is the director of strategic planning at Tanner, LLC, a Salt Lake City-based firm. Griffiths is a graduate of the 2010 AICPA Leadership Academy. He serves on the executive board of the Utah Association of CPAs and represents his state as a member of the AICPA Governing Council. He served as the Leadership Forum Coach at the FICPA’s 2014 Accel YCPA Leadership Forum in Orlando and 2015 Accel YCPA Leadership Forum & Capitol Days in Tallahassee.

Endnotes http://media.gallup.com/documents/whitePaper--WellBeingInTheWorkplace.pdf 2 http://www2.deloitte.com/us/en/pages/about-deloitte/ articles/millennial-survey-positive-impact.html 1

“To be fully engaged, young CPAs need to feel you have an interest in their career development and are open to sharing your wisdom.”

10 MARCH/APRIL 2015

From FICPA staff reports

IRS Launches Directory of Tax-return Preparers

CPAs with PTINs automatically listed

he IRS recently launched a new online public directory of tax-return preparers. The searchable Directory of Federal Tax Return Preparers with Credentials and Select Qualifications (the Directory) on IRS.gov will help taxpayers find tax professionals, who have credentials and select qualifications, to prepare their tax returns. The Directory listings are searchable and sortable. They include the name, city, state and ZIP codes of CPAs, attorneys, enrolled agents (EAs) and those who have completed the voluntary IRS Annual Filing Season Program (AFSP). All listed CPAs and preparers have valid 2015 Preparer Tax Identification Numbers (PTINs). “The IRS Directory is an excellent tool for the public to use in selecting a CPA tax preparer,” said FICPA President/CEO Deborah Curry, CPA, CGMA. “With the ever-increasing incidences of identity theft related to tax refunds, it’s so important for consumers to work with licensed CPAs.” Taxpayers may search the Directory using “CPA” or other preferred credentials or qualifications. Tax-return preparers with PTINs who are not CPAs, attorneys, EAs or AFSP participants are not included in the Directory, nor are volunteer tax-return preparers who offer free services. The Directory at a glance:

marketing if desired. • Do CPAs have to complete the Annual Filing Season Program, take a test or earn additional CPE to be listed in the Directory? No. All CPAs with PTINs automatically are listed. According to the IRS AFSP FAQ, “The program is not directed at or necessary for credentialed preparers such as attorneys, CPAs, EAs, enrolled retirement plan agents or enrolled actuaries. They are already in possession of higher level qualifications.” • What are the requirements for obtaining an AFSP – Record of Completion for 2015? Those completing the program have minimal educational requirements in comparison with the rigors of CPA continuing-education requirements. According to the IRS website, “In general, to obtain an Annual Filing Season Program – Record of Completion a return preparer must obtain 18 hours of continuing education from an IRS-approved CE Provider. The hours must include a 6 credit hour Annual Federal Tax Refresher course (AFTR) that covers filing season issues and tax law updates. The AFTR course must include a knowledge-based comprehension test administered at the conclusion of the course by the CE Provider.

• What is it? The Directory is a tool developed by the IRS to help taxpayers find tax professionals, who have credentials and select qualifications, to prepare their tax returns.

“The amount of CE required to obtain the Annual Filing Season Program – Record of Completion is prorated for Filing Season 2015. A total of 11 hours must be obtained for Filing Season 2015, including the 6 hour AFTR course, 3 hours of federal tax law topics, and 2 hours of ethics.”

• Are non-credentialed tax preparers listed in the Directory? Yes, non-credentialed tax preparers can complete the voluntary AFSP. After passing an exam, these tax preparers receive a Record of Completion from the IRS. They may use the document in their tax-service

• Who is excluded from the Directory? IRS.gov states that tax-return preparers with PTINs who are not attorneys, CPAs, EAs or AFSP participants are not included in the directory, nor are volunteer tax-return preparers who offer free services. FCT

Additional Resources: • Directory of Federal Tax Return Preparers with Credentials and Select Qualifications irs.treasury.gov/rpo/rpo.jsf • IRS Fact Sheet: Understanding Who You Pay to Prepare Your Tax Return www.ficpa.org/FactSheet • IRS News Release: IRS Launches Director of Federal Tax Return Preparers www.ficpa.org/NewsRelease • IRS FAQ: Annual Filing Season Program irs.gov/Tax-Professionals/Annual-Filing-Season-Program • IRS List of Tax Pro Association Partners irs.gov/Tax-Professionals/IRSTaxProAssociationPartners FLORIDA CPA TODAY

www.ficpa.org

Finding, Providing Meaning in FICPA Membership

Survey says…

ho will be the FICPA’s future leaders? They’re joining the profession now – and engaging them is a critical part of our effort to continue thriving.

The FICPA Membership Committee recently surveyed newly certified Institute members to gain insight into how membership adds value to their professional lives. The authors are longtime accounting professors and active, longtime FICPA members. The survey responses mirror what the authors’ students say. Generational differences do exist – various age groups do things differently and have different expectations. And because the profession’s future depends on encouraging and nurturing newcomers, it’s important that the FICPA identify generational needs. The Membership Committee created a survey with three questions:

By Will Quilliam, Ph.D., CPA, CGMA, CIA and Amy Santos, DBA

Here are some of the responses to the second question: • Work demands. “Everything in today’s workplace seems to be high priority. It’s like exercising; we often put it off, even though it’s what should be done.” • Other obligations and/or community service consume time and get in the way. • My firm provides CPE. • Not enough CPE offered in my area. • I have a demanding new position with my firm. • No time – work and family obligations • Not familiar with my chapter or what it offers • Chapter meetings are at bad times…should alternate between lunch and after-work meetings • “My biggest obstacle in attending meetings is the scheduling. I’m a mom of young kids. Regarding FICPA CPE, my company provides all my CPE internally so I don’t need external CPE.”

Members value networking, CPE, advocacy 1. Why did you join the FICPA? 2. What’s the biggest obstacle that has prevented you from attending chapter meetings, joining a committee or taking CPE from the FICPA? 3. What kind of value or benefits do you want as an FICPA member? Here are some of the answers to the first question. Most aren’t surprising, but they still provide important insight: • My employer requires/recommends/encourages membership • CPE • Networking opportunities • To stay connected to CPAs in my local area • Information. “CPAs have great insight regarding how businesses are impacted by economic and regulatory conditions.” • To support the FICPA and its mission • “It’s the thing to do when you get certified.” • Relocation to Florida; always have been a member of a state association 12 MARCH/APRIL 2015

Many responses indicated networking is one of the most valuable benefits to new members, who are getting acquainted with the accounting community and building their careers. New members said they want to interact with their peers and with more experienced CPAs. They seek to bounce ideas off others, and to socialize. “I’m looking for reaffirmation. I need to know if I’m on the right track with my thought process. The value comes

Reaching Out from discussions among peers, particularly at a local level,” one member said. “The biggest value I’d like from my membership is a better way to connect with young professionals in my field and area,” another member commented. Local chapters are the easiest places for new members to network. Chapters can reach out to newly certified CPAs and host networking events. One respondent said chapter events are important because “sometimes CPAs need to talk to other CPAs about many topics.” Members also may benefit from social events, such as cocktail parties and group attendance at sports events, and from volunteer opportunities. Many new members look forward to assuming leadership positions after gaining experience. Chapters can encourage them to become board members, a role in which they could provide input about helping new members. New members also value CPE. Although the FICPA is one of many providers, new members still look to the Institute for high-quality, current, relevant CPE. The FICPA offers CPE online and in traditional, in-person settings. Chapterlevel CPE provides additional networking opportunities. Should CPE be restricted to accounting topics? Some respondents said other topics, including specialized business areas and soft skills, are very much needed. New CPAs want education pertaining to topics such as career planning, communication skills, entrepreneurship, marketing and customer relations. One respondent said the latter could include how to deal with difficult clients. New members appreciate the FICPA’s legislative involvement, including the political action committees (see the article about Accel 2015 on page 24). They realize the Legislature needs to hear the profession’s voice, and that we must protect our interests. Some newly certified members said they’re eager for CPE on legislative issues that affect CPAs, as well as updates on new laws. There are many demands on newly certified CPA members. Chapters can help address some of them through scheduling. Employer support also is vital, so these members can participate in FICPA events. FLORIDA CPA TODAY

FLORIDA CPA TODAY

Here are some current and future FICPA efforts to serve as a resource for newly certified members: • Offering a Young CPA (YCPA) Committee that coordinates social, educational and philanthropic activities for FICPA members younger than 36. • Offering leadership and soft-skills CPE, such as the Accel Leadership Forum, at various FICPA events. • Focusing staff resources on students, future CPAs and young CPAs. • Contacting newly certified members with information about license renewal and other topics. • Developing a new blog where YCPAs can ask – and answer– their peers about careerrelated issues. And here’s how members can help! • Congratulate a newly certified member. Visit www.ficpa.org/newlycertified to see a list of those in your area. • Encourage a newly certified member to join the new YCPA blog (in the works) or participate in a discussion on FICPA Connect at www.ficpa.org/connect. • Invite a newly certified member to an FICPA chapter meeting as your guest. For information, visit www.ficpa.org/chapters. • Foster leadership development by joining an FICPA committee. For information, visit www.ficpa.org/committees.

The Membership Committee survey will help guide the FICPA’s efforts to provide value to newly certified members, and to established members. Our goal – and challenge – is to meet each group’s needs while attracting new members. FCT Dr. Will Quilliam is an associate professor of accounting at Florida Southern College. He holds a Ph.D. from the University of Florida and is a Florida CPA. He is an educator member of the FICPA and serves on the FICPA Educational Foundation. Dr. Amy Santos is an associate professor and chair of the Business/Technology Department on the Bradenton Campus of the State College of Florida. She also is codirector of the Baccalaureate Programs in Business/ Technology. She has been an educator member of the FICPA since 2006. www.ficpa.org

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story

FICPA Applauds

The FICPA is happy to announce the honorees of its 2015 26 Under 36 campaign – the Institute’s initiative to recognize FICPA members younger than 36 who’ve made notable accomplishments to our organization, the CPA profession and their communities. “We congratulate the honorees on being selected as our best and brightest Young CPA members,” said FICPA President/CEO Deborah Curry, CPA CGMA. “We commend their success and sincerely thank them for their efforts on behalf of the Institute and the profession.”

Geoffrey Adams, CPA, CISA Florida State University Tallahassee Geoffrey Adams is the head of quality assurance in the Controller’s Office at Florida State University. His team provides a variety of services, including aligning the university’s accounting, reporting, operations, training and IT practices with regulatory requirements and industry best practices. Adams also owns and operates Verve Consulting, LLC, which specializes in risk assessment and business strategy. He is active in the FICPA’s Tallahassee Chapter and has presented at local chapter events and at the FICPA FSU Accounting Conference. He regularly devotes time and resources to volunteer initiatives throughout the community. He was a founding member of the Tallahassee ISACA chapter and served as a combat infantryman in the U.S. Army. He and his wife are the proud parents of four children.

Carshena Allison, CPA, MBA BCA Watson Rice LLP Miami Carshena Allison serves as an executive of the South Florida practice of BCA Watson Rice and has almost nine years’ experience in public accounting. She heads up her firm’s computer assisted audit tools (CAATs) implementation and software training. Allison earned her accounting degree from Florida A&M University and her master of business administration degree from Florida State University. She is chair-elect of the FICPA North Dade/South Broward Chapter and previously served as treasurer and CPE liaison. She is involved in getting Young CPAs engaged in the profession and taking active leadership roles. She also works with the National Association of Black Accountants and the Urban League of Broward County’s Young Professional Network, enhancing financial literacy in deficient communities and identifying minorities who are pursuing accounting to apply for scholarships. 14 MARCH/APRIL 2015

Jeffrey Ardizon, CPA Kaufman, Rossin & Co., PA Miami Jeffrey Ardizon is a tax manager with Kaufman Rossin and has been with the firm since 2007. He has extensive experience advising domestic and international clients in the areas of federal and multi-state taxation. He works with businesses and high-net worth individuals, providing tax consulting services from planning and structuring to compliance and due diligence. Ardizon is an active member of the AICPA. He is chair of FICPA’s Miami-Dade Chapter and a director on the board of the Cuban-American CPAs Association. He also is a proud contributing board member of the Miami Children’s Hospital Foundation Young Ambassadors and Make-A-Wish Champions.

Katie Davis, CPA James Moore & Co. Gainesville Katie Davis, a senior manager with James Moore, has more than 10 years of experience in the accounting profession. She has worked in a variety of industries, performing accounting and auditing services, income tax services and consulting services to a range of clients. Certified in Lean Six Sigma, Katie works directly with an organization’s members to evaluate existing processes and identify solutions that eliminate waste while building efficiency and quality. She has applied these approaches for CPA and professional-services firms, construction and manufacturing companies, universities and governmental entities. She contributes to her firm’s Lean Six Solutions blog and has presented to various industry groups.

Lydia Desnoyers, CPA Desnoyers CPA, LLC South Miami Lydia Desnoyers is the founder and owner of Desnoyers CPA, LLC, a tax and accounting practice based in South Miami. Before starting her practice, Lydia gained over six years of accounting and internal audit experience at Carnival Corp and plc. During her tenure at Carnival, Desnoyers earned her master’s degree in accounting from Nova Southeastern University. She is a Certified Fraud Examiner and serves as treasurer of the FICPA’s South Dade Chapter and on the Board of Honey Shine Inc. (an Alonzo Mourning charity). She also is a public speaker and volunteer mentor.

Delia Fernandez, CPA

Melissa Fleitas, CPA Berkowitz Pollack Brant Miami Melissa Fleitas provides accounting, auditing and consulting services to a range of companies in the health care and manufacturing and distribution sectors. She has more than 12 years of experience providing accounting and consulting services for the health care industry. She has developed expertise in spotting weaknesses in internal controls. Clients in a variety of industries appreciate and adopt her recommendations for increasing internal-controls effectiveness. Fleitas is on the Board of Directors for the YWCA of Greater Miami. She also serves on the FICPA’s Women’s Leadership Committee and LGBT Task Force. She is an alumna of Leadership Miami, a volunteer professional organization through the Greater Miami Chamber of Commerce. ➡

Law, Redd, Cronz & Munroe, PA Tallahassee Delia Fernandez earned her bachelor’s degree in accounting and finance and her master’s of accountancy from Florida State University. She is an audit manager with Law, Redd, Crona & Munroe, PA and has been with the firm for 10 years. She provides accounting and auditing services to not-forprofit, governmental and private for-profit entities. Fernandez is a member of the AICPA and is actively involved with the FICPA. She has been a member of the FICPA’s FSU Accounting Conference Committee for three years and currently serves as chair. She also is a member of the FICPA’s Young CPA and Membership committees.

FLORIDA CPA TODAY

www.ficpa.org

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story Ali Gorman, CPA

Sarah Funk, CPA, CGMA Trilogy Partners, LLC Hollywood Sarah Funk is the director of compliance with Trilogy International Partners, LLC (Trilogy). Trilogy, a multinational company generating over $600 million in annual revenue with 2,000-plus employees, has operations in South America, New Zealand and the Caribbean. Funk is responsible for corporate and international subsidies compliance and internal audit operations. She also has led initiatives in the areas of mergers and acquisitions; project management for software-implementation projects; Haiti earthquake rebuilding projects; and improving business operations. Funk, an AICPA member, will begin a two-year term on the FICPA Executive Committee in 2015. She is a member of the FICPA’s Women’s Leadership Committee and serves as secretary of the Broward Chapter. Funk is actively involved with the FICPA Young CPAs and speaks at various student forums. She was an FICPA 26 Under 36 honoree in 2013.

Greg Geibel, CPA BKHM CPA Winter Park As a respected professional with BKHM CPA, Greg Geibel enjoys the camaraderie of working for a local CPA firm that has ties to the business and nonprofit communities. He earned his accounting degree from the University of Miami and has more than nine years of public accounting experience, providing tax-compliance and consulting services to large and small businesses and high net-worth individuals. Geibel is an active member of the NAIOP Developing Leaders Central Florida Chapter and Florida Citrus Sports. In an effort to bridge the gap between work and leisure, Geibel founded 19th Hole Golf Networking. The group brings local professionals from multiple enterprises together each month to network during an evening round of golf. 16 MARCH/APRIL 2015

Carr, Riggs & Ingram, LLC Miramar Beach Ali Gorman is an audit manager with Carr, Riggs & Ingram, LLC. She has been with the firm for seven years, specializing in providing accounting and auditing services to non-profits and local governments. Gorman earned her bachelor’s degree in accounting at Florida State University. She is a member of the FICPA’s Young CPA Committee and serves as treasurer of the FICPA’s Emerald Coast Chapter. Gorman volunteers with numerous charitable organizations and is vice president of finance for the Junior League of the Emerald Coast. She is a graduate of Leadership Walton 2013.

Rich Heitmeyer, CPA Carroll and Company, CPAs Tallahassee Rich Heitmeyer is a tax manager at Carroll and Company, CPAs. He has more than a decade of experience in state and federal campaign finance compliance, controllership, and tax preparation and planning services. He earned his accounting and finance degrees at Florida State University. Heitmeyer has been an FICPA Tallahassee Chapter board member since 2011 and currently is the chapter’s presidentelect. He has written several tax-related articles for the Tallahassee Democrat and has given speeches and presentations for clients, their employees and related organizations on accounting and tax topics. Heitmeyer has served as treasurer of the Tallahassee Chamber of Commerce Leads Group.

Katherine Krblich Charles A. Krblich, PA, CPA Fort Lauderdale Katherine Krblich is about to celebrate her fourth anniversary at Charles A. Krblich, PA. She works with a variety of clients in completing audits of financial statements, tax-return preparation and monthly compilations. Krblich earned her bachelor’s degree at Florida State University and recently completed her master of accounting degree at Nova Southeastern University. She is a member of the FICPA Young CPAs Committee and Leadership Florida. Krblich has participated with several charitable organizations through the Young CPAs of South Florida, including collecting care-package items to be sent to deployed soldiers through Forgotten Soldiers.

Jessi Levine, CPA CBIZ MHM, LLC Clearwater Jessi Levine earned her accounting degree and master’s in business administration, with a concentration in forensic accounting, at the University of South Florida. She began her career with Crowe Horwath LLP and currently works with a variety of clients on privatecompany audits as an assurance senior. Levine serves on the FICPA’s Young CPAs Committee and serves as the committee’s vice chair. She is an active member of the Association for Certified Fraud Examiners’ local chapter and the FICPA’s West Coast Chapter, where she serves as the YCPA liaison on the Chapter Board. She also coordinates Junior Achievement JA-in-a-Day volunteer opportunities for her firm.

Ana Long, CPA KPMG, LLP Miami Ana Long is a federal tax manager in the Miami office of KPMG, LLP. She has more than six years of experience providing tax compliance and consulting services for public and non-public companies in various industries, including renewable energy and pharmaceuticals. She earned her bachelor’s degree in accounting at the University of Miami and a master’s of science in taxation at Florida International University. She has been actively involved with the FICPA’s Young CPAs committee since 2013. She also is a member of the AICPA and a coach for the AICPA’s Legacy Scholars Program, providing insight and guidance to two up-and-coming CPAs. ➡

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COVER

story Hema Rupnarain, CPA

Rudy Mayoz, CPA Skoda Minotti CPAs, Business & Financial Advisors Tampa Rudy Mayoz is a staff accountant with Sokda Minotti CPAs, Business & Financial Advisors in Tampa. He earned his bachelor’s in accounting at the University of South Florida and is an AICPA member and a graduate of the AICPA Leadership Academy. He volunteers with Junior Achievement and participates in the Life Savers Program, introducing money-management concepts to fifth graders at Essrig Elementary School in Tampa.

Hudson Robillard, CPA Hudson Robillard & Co. North Miami A native of Haiti, Hudson Robillard migrated to the U.S. in 2001. He earned a master’s degree in accounting at Florida International University, has 10 years of experience in public accounting and owns Hudson Robillard & Co. Before opening his firm, he gained extensive experience at Morrison, Brown, Argiz & Farrah providing audit; business consulting; due diligence; and mergers and acquisitions to financial institutions (Community Banks) and hospitality; non-profit; and merchandising businesses. He is a proven asset-based lending consultant and an adjunct professor at Miami Dade College. He serves on the FICPA Accounting Show and Young CPAs committees, and on the boards of two non-profit organizations. Robillard focuses his practice on providing IRS representation to individuals and small businesses with income-tax compliance issues, and on educating small-business owners about using technology to empower their businesses.

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Hema Rupnarain, CPA, PA Ocala Hema Rupnarain obtained substantial experience in the accounting and tax fields as an auditor for PricewaterhouseCoopers. In 2006, she began building on the tax practice her father began in 1987. She now manages her own CPA firm with a client base of over 700 and offices in Ocala and The Villages. She is chair of the FICPA’s Mid-Florida Chapter; a board member for the Ocala-Silver Springs Rotary Club; and a Junior Achievement volunteer. She has served as an adjunct accounting professor at the College of Central Florida. Her personal interests include traveling, yoga, football and spending time with loved ones.

Robyn Sachs, CPA City of Miami Miami Robyn Sachs is a senior auditor with the City of Miami. As a public servant, Sachs leads audits to ensure that the city receives monies due under various contracts, and that the city mitigates risks by implementing internal controls. She also has worked in the private sector, where she audited asset-management operations in Tokyo, Japan and New York City. Sachs is a member of the FICPA’s Federal Taxation and Taxation and Financial Planning Conference committees, and she enjoys presenting continuing professional education courses. She earned an MBA from Baruch College; a bachelor of science in financial economics from SUNY Binghamton; and a certificate in information technology from Stanford University.

Brion Sharpe, CPA PricewaterhouseCoopers LLP Orlando Brion Sharpe is an audit senior manager with PricewaterhouseCoopers LLP. He has been with PwC for 11 years, since earning his master of accounting degree from the University of Florida, and works in the commercial real estate industry. Sharpe is on the FICPA Accounting Principles and Auditing Standards Committee, of which he served as vice chair, and has been the lead and co-respondent on multiple FICPA exposure draft responses. He contributed to an award-winning Florida CPA Today article and serves on the FICPA Committee on State Legislative Policy. Brion has spoken at several university accounting courses and volunteers at local organizations, including the Central Florida Boys and Girls Club.

Matt Shell, CPA, CFP

Markham Norton Mosteller Wright & Company, PA Fort Myers Matt Shell is a supervisor at Markham Norton Mosteller Wright & Company, PA and has 13 years’ experience in public accounting. He earned his bachelor’s and master’s degrees in accounting from Florida Gulf Coast University, graduating summa cum laude. He specializes in tax planning and preparation for businesses, individuals, estates and trusts. He is a member of the Estate Planning Council of Lee County and a frequent speaker for the Goodwill Industries of Southwest Florida Microenterprise Institute, which provides training for local startup businesses. He also is an allocations team member for the United Way of Lee, Hendry, Glades and Okeechobee, helping to review funding applications by partner agencies.

Josh Shilts, CFE, CPA, CFF, CGMA

Citizens Property Insurance Corporation Jacksonville Josh Shilts has worked in a variety of audit, advisory and litigation support roles, providing guidance for organizations, attorneys and stakeholders. His experience includes risk management; internal control assessment; management accounting; risk management; forensic accounting; investigative techniques; regulatory compliance; operational audits; and business improvement. Shilts has implemented process changes to reduce fraud-related operational risks and has helped organizations enhance their monitoring activities to identify potential instances of fraud. He also has led domestic and international investigations of accused abuse, malfeasance and fraud. Shilts is a member of the FICPA CPAs in Industry Conference Planning Committee, the AICPA, the Association of Fraud Examiners and the Institute of Internal Auditors. He is an adjunct professor in the School of Business at Florida Atlantic University. ➡ FLORIDA CPA TODAY

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story Kelsey Thompson, CPA, CFE

Elizabeth Stevens, CPA, CGMA Holyfield & Thomas, LLC West Palm Beach Elizabeth Stevens is a quality-driven and solution-focused accountant with public, private and non-profit industry experience. After ascending to manager at a Big Four accounting firm and honing her skills as the corporate accountant at a private, specialized diagnostics company, Stevens joined Holyfield & Thomas, LLC in 2011. She currently practices in the not-for-profit, governmental and employee-benefit plan audit areas. Stevens is a driving force in the firm’s quality control initiative and a member of the firm’s marketing team. Passionate about her community, this former Florida Gator has served in many roles, including treasurer and nominating chair, with the Junior League of the Palm Beaches.

Cheri Swain, CPA Carr, Riggs & Ingram, LLC Winter Park Cheri Swain is an audit manager with Carr, Riggs & Ingram, LLC in Winter Park where she has 10 years of experience providing accounting and auditing services. She also works closely with Auditwerx, a division of CRI, providing service organization control reporting. Swain earned her bachelor’s degree in business administration with an emphasis in public accounting, and her master’s of business administration, from the University of Central Florida. She serves on the FICPA’s Young CPA and Nominations committees, and served on the FICPA’s 20/20 Vision Task Force in 2014. She is committed to facilitating the advancement of the profession by publishing articles and teaching continuing education courses.

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Markham Norton Mosteller Wright & Co., PA Fort Myers Kelsey Thompson is a forensic CPA at Markham Norton Mosteller Wright & Co., PA. She double-majored in accounting and management at the University of South Florida (USF) and graduated from USF’s Honors College before earning her master’s degree from Florida Gulf Coast University. In 2013, the Business Observer recognized her as one of its 40 Under 40. She is a member of the FICPA Valuation, Forensic Accounting and Litigation Committee. Thompson has served the Greater Fort Myers Chamber of Commerce as a member of the Board of Directors; as chair of the Women in Business Committee; as a 2012 Leadership Program graduate; and as chair of the Apex Awards, which recognizes outstanding women leaders in the community. Thompson volunteers with several philanthropic organizations and speaks to local students about the profession.

Caridad Vasallo, CPA Kabat, Schertzer, De La Torre, Taraboulos & Company Miami Caridad Vasallo is a manager at KSDT & Company’s forensic accounting and business valuation department. With over eight years’ experience in forensic accounting services, Vasallo has served as an expert witness in the South Florida courts for her clients in the areas of divorce litigation and business valuation. She also has served as a commentator on various WSVN news segments involving divorce, taxation and financial-literacy initiatives for women. Vasallo’s community-outreach interests lie in her work as a board member of the FICPA’s Miami-Downtown Chapter, and with the Womens’ Fund.

Karen Vergara, CPA Deloitte & Touche, LLP Orlando Karen Vergara is an audit senior assistant in the Orlando office of Deloitte & Touche, LLP. Her experience includes serving clients in the travel, hospitality and leisure industry. She graduated from the University of Central Florida and became a licensed CPA in 2014. Vergara is secretary of the FICPA Central Florida Chapter and serves as treasurer of Amigos Unidos, an organization that provides support to needy individuals worldwide. She frequently is invited to speak at professional and student events about her journey to becoming a CPA and is a proud member of the Association of Latino Professionals For America (ALPFA) Orlando.

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The Summer Block (Read This in Your Best Up to 40 hours of CPE. Electrifying national speakers. Three dimensions of fun for everyone. Are you ready for this summer’s biggest blockbuster? The FICPA Mega CPE Conference returns to Walt Disney World® Resort in Orlando June 10-13 as your ultimate bizcation opportunity. Here are five great reasons you don’t want to miss it.

1. Forty of the Best CPE Credits for Less

Earn up to 32 live CPE credits from elite instructors, and up to eight hours of bonus webcast CPE, with your registration. Choose the “Mega Buy” and get CPE for as little as $17.38 per credit – the best value for all 40 hours. Hear the keynote speakers you’ve been waiting for – AICPA President and CEO Barry Melancon, AICPA Board Chair Tommye Barie and Florida CFO Jeff Atwater.

Barry Melancon AICPA President and CEO

Tommye Barie AICPA Board Chair

Jeff Atwater State of Florida CFO

2. Where Productivity and Fun Collide

Refreshing fountains. Lush tropical greens. Stunning architecture. Mega’s new location sets the mood: the Walt Disney World Swan and Dolphin Resort. From iconic to unique to fanciful, Walt Disney World® Resort has something to amaze everyone. Take your family to the famous Magic Kingdom® Theme Park; explore world culture at Epcot® Theme Park; enjoy shopping and nightlife in the Downtown Disney® area; and it doesn’t stop there. Start planning your adventure now at disneyworld.disney.go.com.

#MegaCPE 22 MARCH/APRIL 2015

buster Starring You! Movie Announcer Voice) 3. Networking Like Never Before

Networking is crucial to your career – and you’ll get your fill at Mega. With receptions included in your registration and the still-growing Vendor Expo, you’ll have plenty of opportunities to make important connections with a range of CPAs and professionals. Want to treat your taste buds? Add the June 12 FICPA Chairman’s Gala dinner party to your registration.

4. Exhibitors that Exceed Expectations

Over 40 vendors will be ready to empower your business and expand your professional capabilities at the 2015 Vendor Expo. Prepare for them to meet your needs in the Mega Marketplace. Will we see you in the Exhibit Hall? 7:30 a.m.-5 p.m. on Thursday, June 11 7:30 a.m.-2 p.m. on Friday, June 12

5. Four Days of Pure Awesomeness

This is not your typical CPE event. If you’re looking for the most fun way to fulfill your requirements, make Mega CPE Conference your summer destination. Your family and friends will love you for it.

Will we see you for the premiere of Mega CPE Conference, June 10-13 at the Walt Disney World Swan and Dolphin Resort in Orlando? Register and book your hotel now – visit www.ficpa.org/ MegaCPE or call (800) 342-3197. “The FICPA Mega Conference in Orlando was awesome! I highly encourage any CPA in Florida to attend next year.” – Andrew W. Argue IV, CPA

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Accel 2015

YCPAs Learn Leadership, Join Legislative Action By Ryan Myers, CPA

n Jan. 6-7, the FICPA’s young CPA (YCPA) members gathered in Tallahassee for the Accel 2015 YCPA Leadership Forum and Capitol Days. The two-day event combined the new Leadership Forum with the YCPAs’ fourth annual visit to the Florida Capitol. The Forum was held at the Governors Club Jan. 6 – the day Gov. Rick Scott was inaugurated for a second term. It was facilitated by Dan Griffiths, CPA, CGMA, who led sessions in self-awareness, intentional influence, applied influence and strength-based leadership. Wrapping up the day, attendees networked as Gov. Scott and Gov. Chris Christie held an event in an adjacent room. Some of us enjoyed the privilege of meeting Gov. Christie.

Our FICPA Governmental Affairs team – Thames and FICPA Director of Governmental Affairs Rivers Buford – discussed the day-to-day activities of legislators and their staff. They also discussed the lawmaking process, including the operations of the team and the Florida CPA/ PAC. The team’s main goal is to influence legislation affecting the accounting profession or major industries in Florida. They highlighted how individual FICPA members have impacted the lawmaking process by educating representatives about the possible effects of legislation. The YCPAs toured the Capitol and enjoyed a special opportunity when Robert Ward, Clerk of the House, invited the group onto the House floor. The floor is surrounded by 10 murals that depict different points in Florida history. Ward said the murals were commissioned in 1999 and he discussed the various techniques used in their creation.

Day two began with breakfast in the Capitol Senate offices. More than a dozen legislators spoke to our group throughout the morning, including all three CPA members of “It truly was unique and the Florida House: Reps. Florida’s YCPA Leadership Forum inspiring” said Cheri Swain, Michael Bileca, R-Miami; CPA. Dan Raulerson, R-Plant City; and David Richardson, D-Miami Beach. With At the end of the day, attendees watched legislators at the 2015 Session just beginning, legislators were getting work during visits to the Appropriations Committee settled and many were meeting for the first time. and the Finance and Tax Committee. Afterward, they enjoyed an event at the Governors Club hosted by Cindy “It’s like the first day of school at the Capitol,” said FICPA Governmental Affairs Manager Justin Thames, describing Stevenson, CPA. Stevenson is a candidate for the Florida the energy. House in 2016. FCT

2015

Many legislators highlighted the road that brought them into politics, which often was unplanned. They praised the Tallahassee’s bipartisan nature, in contrast to the national media and federal politics, and emphasized their ability to accomplish things in spite of party affiliation. Division can be based more on geography than on political party, some noted. The day wasn’t without a few lighthearted jokes between members of opposing parties and chambers. 24 MARCH/APRIL 2015

Ryan Myers, CPA, CGMA is an audit supervisor with Averett Warmus Durkee in Orlando. He received his bachelor of science and masters of accounting from Iowa State University. He is a member of the FICPA’s Young CPAs Committee and Membership Committee. For more information about YCPA and student initiatives contact Angie Brooke, emerging professionals sr. manager, at brookea@ficpa.org or (850) 224-2727, Ext. 300.

Rep. Cary Pigman, R-Okechobee, visited YCPAs at their Capitol Days event.

Rep. Shevrin Jones, D-West Park, spoke to YCPAs during a working lunch at the Florida Capitol.

YCPA attendees tour the Capitol as part of Accel 2015.

Rep. Dan Raulerson, R-Plant City, gets to know FICPA YCPAs during Capitol Days. FLORIDA CPA TODAY

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2015 Holds Great Promise for Accounting Profession Barry Melancon, CPA, CGMA

By AICPA President & CEO Barry Melancon, CPA, CGMA

henever I think about all that is going on within our profession, I’m amazed at the breadth and scope of accomplishments and inspired by the people who make it all happen. From envisioning the future of learning to reinforcing a foundation of quality, we’ve never had a better opportunity to shape our future. The accounting profession achieved great success in 2014, thanks to several factors: hard work and quality services from CPAs, extensive advocacy efforts, forwardthinking initiatives and the joint efforts of the AICPA, FICPA and other state CPA societies.

profession-wide dialogue about meaningful changes we hope will help ensure long-term relevance and quality.

Looking to 2015, I’m excited about the AICPA’s agenda and the steps our profession will take to continue our growth as future-focused and client service-driven advisers for modern business. At a time when individuals and businesses are battling unprecedented complexity and uncertainty, our profession has the expertise and the opportunity to build a pathway to prosperity for our businesses, CPA firms, clients and the public. Let’s commit to making this year even more successful.

2. Advocacy

1. Quality For 128 years our profession has staked its reputation on quality services delivered by competent and knowledgeable professionals. Quality is our foundation and is essential to supporting future growth and success. One of the most significant developments in 2014 was the launch of the AICPA’s Enhancing Audit Quality (EAQ)1 initiative, a comprehensive and multifaceted effort designed to reinvigorate the profession’s commitment to quality. The basic EAQ framework was introduced in August in a discussion paper2 that solicited stakeholder comments on proposed short- and long-term quality initiatives. CPAs and other stakeholders provided suggestions now being considered by AICPA teams, committees and/or boards. In a second paper, “Evolving the CPA Profession’s Peer Review Program for the Future,”3 the AICPA offered a thought-provoking concept for what practice monitoring could become. The initial concept is meant to start a 26 MARCH/APRIL 2015

Several factors – from the pace of change to the complexity of business and standards, from audit relevance to regulators’ scrutiny – made it clear that our profession needed bold action to shape the audit function of the future. We know that quality can only be achieved and maintained with vigilance and dedication, and the EAQ is a principal part of the AICPA’s ongoing commitment to excellence.

Each year I’m privileged to see firsthand the partnership between the AICPA and state CPA societies as we address various issues from a legislative or regulatory perspective. I cannot overstate the importance of these efforts. When we lead proactive campaigns to shape legislation, we’re really shaping our profession’s future. The alternative is to wait for legislation to shape our future for us. I’ll share a few examples of what we achieved in 2014 and set up some of the issues that could see movement in 2015: Cash basis: The profession successfully fought back an attempt to force some businesses to switch from the cash basis to accrual accounting for tax purposes. CPAs’ letters – more than 1,000 – brought significant attention to this issue and helped convince 46 Senators and 233 members of the House to sign bipartisan letters opposing the proposal. DATA Act: Signed into law in May, the successful implementation of the DATA Act concludes a fiveyear effort in close partnership with the state societies to improve the accessibility and transparency of business information. It was a meaningful – and hard-fought – win that reinforced the importance of stakeholder collaboration within the profession. Mobile workforce: The AICPA continues to support legislation that would establish a uniform national standard for any employee who works less than 30 days outside his or her state of residence.

Patent reform: The profession continues to fight against patent trolls who bring lawsuits against companies or firms for patent infringement for mundane daily uses of technology, such as scanning a document to email. The House passed a bill last year, but the Senate failed to act. We expect this issue will be a priority in 2015. You can read more about these and other issues in my recent blog post: How the New Congress Might Affect the CPA Profession.4

3. CGMA This year also will be significant for members in business and industry because of new developments with the highly successful Chartered Global Management Accountant (CGMA) designation. Before its third birthday, the CGMA designation became the largest management accounting designation in the world, with more than 145,000 CGMAs globally. Through our joint venture and the release of new CGMA components, including the first universal set of global management accounting principles and a CGMA case study exam, the AICPA and the Chartered Institute of Management Accountants (CIMA) have built the foundation of the management accounting profession.

Baby Boomer retirements, our profession needs to prepare leaders in the next generations.

History of excellence State society support will be critical this year as the AICPA tackles complex challenges and positions the profession for long-term success. In past years, AICPA and state CPA society collaboration has yielded many meaningful initiatives that have changed the accounting landscape:

• Center for Plain English Accounting: The AICPA’s national A&A resource center for Private Companies Practice Section member firms. The Center’s resources give local and regional firms the knowledge needed to succeed in today’s complex economic and business climate.

• Financial Reporting Framework for Small- and Medium-Sized Entities: A special-purpose framework that delivers robust and relevant financial statements in a simplified, cost-beneficial way when U.S. GAAP financials are not needed.

4. Human capital Of course, the most crucial part of our profession’s success is its people, and attracting and retaining the best and brightest has never been more important. A major demographic shift is under way in the United States, putting a rapidly increasing percentage of entrepreneurial capital into the hands of minority-owned businesses. This shift means clients and employers of CPAs will expect more diverse workforces. We have to build a business environment that reflects life. The AICPA and state CPA societies see diversity and inclusion as a critical issue for long-term viability, and we’re committed to helping our members meet the changing expectations of those we serve. Here’s something else to consider – at a time when competition for top talent is both global and fierce, the advantage will go to the firms and companies that have a plan to recruit, develop and retain a diverse workforce. Succession is another critical aspect of the pipeline. Each of us wants our profession to enjoy long-lasting success, but that is only possible if we prepare younger generations to fill the shoes of leadership in firms and organizations in the future. The FICPA and virtually all states are investing in our profession’s future, and today they develop future leaders through local leadership academies (see “Start With Why” on page 30). With the surge of FLORIDA CPA TODAY

“The most crucial part of our profession’s success is its people, and attracting and retaining the best and brightest has never been more important.”

Great successes are within our grasp when we unite in the pursuit of common goals. Ongoing support from the FICPA and other state CPA societies is both critical and sincerely appreciated. We are brought together as a profession and bonded as CPAs. I thank all of our members for your contributions to the accounting profession, making it a model of service and quality, and for achieving success in 2014. The profession has a lot on its plate in 2015, and everyone at the AICPA and the FICPA is committed to serving your interests and helping you achieve your goals. FCT

Endnotes http://www.aicpa.org/interestareas/peerreview/pages/ eaq.aspx 2 http://community.aicpa.org/enhancing_audit_quality_ initiative/m/mediagallery/599.aspx 3 http://community.aicpa.org/future-practice-monitoring/ default.aspx 4 http://blog.aicpa.org/2015/02/how-the-new-congressmight-affect-cpa-profession.html#sthash.BC2ABpxd. v5UkOxNe.dpbs 5 http://www.aicpa.org/career/diversityinitiatives/ diresources/downloadabledocuments/recruitmentretention-toolkit.pdf 1

www.ficpa.org

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Start With Why

Lessons from the AICPA Leadership Academy By Julian Dozier, CPA, ABV, CFF, CFE

he CPA profession needs help. Maintaining relevance in a competitive global environment, staying abreast of regulatory changes, and reinforcing the profession’s commitment to integrity are vital to its success. Whether in public practice, industry, government, academia or retirement, every CPA can work toward these goals and have a positive impact on the profession. More to the point – the CPA brand needs help. The quality conveyed by attaching the CPA designation to a report, an organization or any process is of utmost importance to the future of the profession. With this perspective in mind, members of the 2014 AICPA Leadership Academy worked with established leaders on plans to move the CPA brand forward.

Attending the Academy After a rigorous application and selection process, 37 emerging CPA leaders met in Durham, N.C. Sept. 28 to Oct. 2 as members of the 2014 Academy. The class, ranging in age from 25 to 35, included representation from 32 states, the U.S. Virgin Islands and the Cayman Islands. A graduate representative from each of the three most recent Academy classes rounded out the group to 40 participants.

Each year, the FICPA sponsors up to two members, chosen by the AICPA, to attend the Academy. I was a member of the 2014 class, as were two other FICPA members – Robert Maya and Eboni Moss of Miami. A fourth FICPA member, Rudy Mayoz of Tampa, participated as one of the graduate representatives. Discussion spanned a range of subjects. Some of the topics included: • Characteristics of leaders of the future • Positive well-being and flourishing, personally and professionally • A strengths, challenges, opportunities and threats (SCOT) analysis for the CPA profession, and young CPAs in particular • Work-life balance • Open-mic Q&A sessions with AICPA President/CEO Barry Melancon and Immediate Past AICPA Board Chair Bill Balhoff • Engaging young CPAs and attracting future CPAs to the profession • Building a personal brand

Ideas worth spreading Leadership Academy facilitators integrated various TED and TEDx clips into each day’s schedule. For those unfamiliar with the concept, TED is a nonprofit organization devoted to spreading ideas, usually in the form of short, powerful talks (ted. com). TEDx is an alternate format where interested groups can apply the TED concept themselves and distribute their “ideas worth spreading.” TED and TEDx aim to provide high-impact, easyto-understand concepts, and the 2014 AICPA Leadership Academy class was intrigued by one in particular. In his TED Talk, Simon Sinek explains the concept of “Start With Why.”1

The 2014 AICPA Leadership Academy was held Sept. 28-Oct. 2 in Durham, N.C. The class included representation from 32 states, the U.S. Virgin Islands and the Cayman Islands.

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Sinek refutes the premise that stakeholders care about what one does and how one does it. Instead, he advocates that in many cases why one does something is more important. A significant example in the TED Talk relates to Apple, where virtually all marketing, recruiting and other materials focus on the why as opposed to the what (see Diagram 1).

The Golden Circle What

Concepts hold relevance for CPAs

Every organization on the planet knows WHAT they do. These are products they sell or the services they offer.

How does this TED Talk apply to CPAs, and how can “Starting With Why” help meet the challenge mentioned in the first paragraph of this article? Individuals, firms or the profession as a whole can explore this concept.

How Some organizations know HOW they do it. These are the things that make them special or set them apart from their competition.

At the individual level, consider what being a CPA means to clients, employers, friends and family. CPAs are trusted, have integrity, are hard workers and have a baseline of financial expertise. If a CPA can express why those traits are important to him or her, what and how become secondary. When dealing with a CPA firm or another entity employing CPAs, clients are more likely to engage with the reason an organization exists than with a service it provides or a product it sells. There are thousands of CPAs in Florida, and thousands of entities outside public accounting, that employ CPAs. Demonstrating a shared set of values with clients, or at least giving them an emotional reason to connect with the entity, is more effective than simply presenting them with another firm providing the same product or service as everyone else. One member of the 2014 Academy – Bryan Carpenter of San Diego, Calif. – employs this approach in his firm. Using his passion for local breweries, he markets himself as “the Craft Beer CPA.” This allows him to connect with clients in a way other CPAs cannot, both in person and online (@CraftBeerCPA). Speaking more broadly, the CPA profession has a similar directive. There are other groups – some exist now, and some will emerge in the future – that will work hard to unseat CPAs as the purveyors of reliable financial data. The brand becomes more valuable when 1) CPAs focus on why their shared values matter and 2) the industry explains the ways in which those core values make CPAs different from other financial-service providers.

Plan to get involved Whether they practice public accounting, work in industry, volunteer in the community, teach, work in another field or are retired, all CPAs share a common need. The effort every CPA puts forth to get an education, pass the CPA exam, become licensed and stay licensed only has future value if the CPA brand remains relevant. FLORIDA CPA TODAY

Why Very few organizations know WHY they do what they do. WHY is not about making money. That’s a result. It’s a purpose, cause or belief. It’s the very reason your organization exists.

Diagram 1 Source: Simon Sinek Inc., www.startwithwhy.com

There are many ways to get and stay involved. The FICPA and AICPA, as well as other accounting organizations, are always looking for volunteers. Student interest in the profession is critical to maintaining the pipeline of future CPAs, and there are countless ways to volunteer. Community organizations need financial expertise, and CPAs are well positioned to provide that guidance. For more information about getting involved, visit www.ficpa.org/AboutJoin/Volunteer.aspx. I challenge every CPA to think about why CPAs do what they do, and find at least one way this month to express that value to someone outside the profession. What CPAs do and how they do it is important, but we need to communicate the core values CPAs share so the brand doesn’t lose relevance. The 37 graduates of the 2014 AICPA Leadership Academy – emerging leaders in the profession – are committed to the challenge. Are you? FCT Julian Dozier, CPA, ABV, CFF, CFE is a senior manager of assurance services and a forensic accountant at Thomas Howell Ferguson P.A. in Tallahassee. In 2013, Dozier was recognized as one of the FICPA’s 26 Under 36 and one of Florida State University’s Thirty Under 30. He serves as chair of the FICPA’s Accounting Principles and Auditing Standards Committee and is a member of Leadership Tallahassee Class 32. Follow him on Twitter @JulianDozierCPA.

Endnote 1

http://youtu.be/sioZd3AxmnE www.ficpa.org

STAFF

reports

Governmental Affairs

Educational Foundation

By Rivers Buford III, director of governmental affairs

By Jason Zaborske, FICPA educational foundation development director and Elise Caruthers, event coordinator

Gov. Scott reappoints BOA members

ov. Rick Scott recently reappointed two FICPA members and one consumer member to the Florida Board of Accountancy (BOA). They are David Dennis, CPA; Dr. Martin G. “Bud” Fennema, CPA; and current BOA Chair Steven “Steve” Vogel, Esq. Dennis, a partner with KPMG, LLP for 33 years, is an advisory partner in the firm’s Management Consulting Practice. He also is the lead partner for Florida, Georgia and Mississippi. Fennema is the Arthur Andersen Professor of Accounting at Florida State University, where he has taught for over 20 years. Before pursuing an academic career, he worked nine years in private practice and public accounting with Arthur Andersen & Co.

David Dennis, CPA

Vogel is a partner with Hinshaw & Culbertson LLP in Coral Gables. He is a member of the AICPA Auditing Standards Board, holding the one seat customarily reserved for an attorney whose practice involves matters of interest to auditors in public practice.

Dr. Martin G. “Bud” Fennema, CPA

All three members’ terms will expire Oct. 31, 2018. The appointments are subject to confirmation by the Florida Senate. FCT

The Suncoast Scramble is back!

he FICPA Educational Foundation is pleased to announce plans for the 2015 Suncoast Scramble Golf Tournament. Grab your nine iron and your favorite golf buddies and shoot some holes-in-one to support Florida’s accounting students. Again this year, the tournament will be held at East Lake Woodlands Country Club in Oldsmar. Located at the northern tip of the Tampa Bay, the club has two 18hole championship courses presenting a fun, challenging round of golf.

There are many ways to get involved with the 2015 tournament, including sponsorships. The Foundation offers eight sponsorship levels that provide companies with various exposure and benefits. Join us for three hours of CPE, lunch, golf and the Awards Dinner. Register today or view the sponsorship brochure at www.ficpa.org/golf. FCT For more information contact Jason Zaborske, foundation development director, at (850) 224-2727 or zaborskej@ficpa. org.

Steven “Steve” Vogel, Esq.

New and Newly Certified Members The FICPA welcomes many new members throughout the year and congratulates those who recently have become certified. Meet our new members at www.ficpa.org/newmembers. Congratulate our newly certified members at www.ficpa.org/newlycertified.

2015 Annual Suncoast Scramble Golf Tournament Friday, May 1 Three hours of CPE – 9-11:30 a.m. Registration/warm up – 11:30 a.m.-12:30 p.m. Shotgun start – 12:30 p.m. Awards Dinner – 5-7 p.m.

Where: East Lake Woodlands Country Club, Oldsmar Cost:

$200 per player (Includes greens fees, CPE, lunch, dinner, practice balls, cart, contests, prizes)

Save the Date The Foundation will hold its 7th annual Ocean Reef Family Retreat

July 30-Aug. 2. Enjoy family fun, sunshine, education and casual networking with Florida’s top CPAs at the exclusive Ocean Reef Resort in Key Largo. Register today at www.ficpa.org/Retreat.

32 MARCH/APRIL 2015

From FICPA staff reports

Young CPAs

Membership

By Angie Brooke, emerging professionals sr. manager

By Lynn Hepner, FICPA membership development manager

YCPAs to hold statewide day of service

n May 2, the FICPA Young CPA (YCPA) Committee will hold a statewide CPA Day of Service. YCPA Committee members throughout Florida will host regional community-service events in which members can take part. FICPA staff will participate with the YCPAs in Tallahassee and we invite you to do the same in your area. If attending a regional CPA Day of Service isn’t an option because of travel limitations, the FICPA encourages members to spearhead community-service projects in the areas where they live and/or work. On our website,

For more information about Young CPA and student initiatives contact Angie Brooke, emerging professionals sr. manager, at brookea@ficpa.org or at (850) 224-2727, Ext. 300.

Lynn Pippenger recently gifted $10 million to the USF School of Accountancy, which will be named in her honor.

“We are elated that the USF School of Accountancy has received this gift,” said FICPA President/CEO Deborah Curry, CPA, CGMA. “It highlights the continued interest of majoring in the accounting field and the vast opportunities that exist for a successful career in the profession.” Pippenger’s gift is part of the $1 billion USF: Unstoppable Campaign, a comprehensive fundraising effort by USF, USF St. Petersburg and USF Sarasota-Manatee. FCT FLORIDA CPA TODAY

Celia Cue is director of human resources for Berkowitz Pollack Brant Advisors and Accountants, LLP, a 200-member CPA firm with three South Florida offices. Visit www. ficpa.org/administrators to read an article by Richard O’Brien, firm administrator of Ribotsky, Levine & Starman, about the roles of Celia Cue and Cynthia Nowzamani, CPA of Ahearn, Jasco & Company.

firms and businesses may register for a regional event or list their own local event. Sign up today at www.ficpa.org/ DayofService and demonstrate your commitment to helping those in your community and throughout the state. FCT

Pippenger gifts $10 million to USF School of Accountancy he University of South Florida (USF) recently announced that its School of Accountancy will be named for retired Raymond James executive Lynn Pippenger, a longtime supporter. Pippinger is a pioneering Tampa Bay business leader, USF alumna and philanthropist. The Lynn Pippenger School of Accountancy, within the recently named Muma College of Business, recognizes her latest gift of $10 million to the school.

FICPA provides resources for firm administrators

PA firm administrators play a critical role that encompasses a range of responsibilities. Among them are managing FICPA membership; tracking staff CPE registration and hours; and updating internal and public information. Non-CPA firm administrators, office managers, marketing managers and human-resource staff are eligible for complimentary FICPA membership. Designated firm administrators also have access to their firm portal, allowing them to manage FICPA-related functions for their office(s). The Firm Administrator Group on FICPA Connect provides a venue for administrators to share ideas and best practices. Why reinvent the wheel when you have access to the vast knowledge of over 300 colleagues?

Another resource is the Association of Accounting Administrators (AAA). Many FICPA firm administrators belong to one of AAA’s three Florida chapters. The FICPA and the South Florida AAA Chapter recently held a joint luncheon featuring a panel of three firm administrators with over 70 years’ of combined experience. The organizations hope to make this an annual event, and the FICPA will be working with the other AAA Florida chapters to hold similar events. FCT For more information about firm-administrator membership, resources and participating in firm billing (one invoice for renewals), contact the FICPA Member Service Center at (800) 342-3197, Ext. 1, or msc@ficpa.org. Or, visit www.ficpa.org/FirmAdmins. www.ficpa.org

NEWS

briefs

TaxWatch Announces Prudential Productivity Awards

ICPA President/CEO Deborah Curry, CPA, CGMA, served on the panel that selected and recently announced the honorees of the Florida TaxWatch 2015 Prudential Productivity Awards. The program recognizes and rewards hard-working state employees who create and implement innovative costsaving and efficiency improvements. It was founded and is sponsored by Tax Watch – an independent, non-profit government watchdog research institute – and is cosponsored by the State of Florida. FCT To view the complete list of winners, visit floridataxwatch.org/and click on Prudential Productivity Awards.

FICPA President/CEO Deborah Curry, CPA, CGMA (third from left) served on the panel that selected the honorees of the Florida TaxWatch 2015 Prudential Productivity Awards.

2014 MAP Survey: CPA Firms Show Modest Growth the largest with more than $10 million. Every segment reported growth in net client fees from 2012 to 2013, ranging from four to eight percent.

irroring the broader economy, results of the biennial National Management of an Accounting Practice (MAP) Survey show that in 2013, CPA firms experienced modest growth over the prior year. The survey, which is conducted by the AICPA’s Private Companies Practice Section and the Texas Society of CPAs, found that all participating firms experienced a small increase in net fees, or were holding steady, since the last survey was administered in 2012. The survey data is broken into size segments, from the smallest practices with less than $200,000 in revenue to 34 MARCH/APRIL 2015

“The 2014 MAP Survey shows that we have a healthy profession poised for continued growth,” said FICPA President/CEO Deborah Curry, CPA, CGMA. “The detailed benchmarking data this survey provides is an important tool firms of all sizes can use to evaluate their performance and develop growth plans. Of the utmost importance is building the CPA pipeline. Young CPAs are central to the future of our profession, and we need to ensure that we understand and help them meet their professional and personal goals.” FCT To view survey results, visit www.aicpa.org and search for National MAP Survey. To read an article that summarizes high-level results and explains how to access survey reports, visit www.ficpa.org/ NationalMAPSurvey.

Dunn Wins Writing Excellence Award

he FICPA Editorial Committee has named FICPA member Russell Dunn, MS (Tax), CPA, CGMA as the winner of the Russell Dunn, MS 2014 Writing (Tax), CPA, CGMA Excellence Award. Dunn received the annual honor for his article, “Installment Agreements: Advising Clients with Delinquent Federal Taxes,” which was published in the January/ February 2014 issue of Florida CPA Today. Dunn is a former IRS revenue agent whose CPA practice in Hollywood concentrates in IRS controversy. He is a tenured professor at Broward College in Davie and has taught graduate and undergraduate courses at Florida International University and Florida Atlantic University. He has authored several articles and provides FICPA CPE lectures. When he’s not teaching or practicing, he competitively races sailboats. He recently finished first place overall in the 81st Miami to Nassau Ocean Race known as the Nassau Cup. FCT

Michael Durante, CPA

Gov. Scott Reappoints Durante to Early Learning Coalition

ov. Rick Scott recently announced the reappointment of FICPA member Michael Durante, CPA to the Early Learning Coalition of Brevard County. Durante, of Melbourne, is a partner with Berman, Hopkins, Wright & LaHam, CPAs and Associates. He is reappointed for a term that began Dec. 19, 2014 and will end April 30, 2016. FCT

We Need You! Take the A&A Survey

ranklin D. Roosevelt is quoted as saying “Nobody will ever deprive the American people of the right to vote except the American people themselves and the only way they could do this is by not voting.” Although the FICPA A&A Requirements Survey technically is not a “vote,” we’d greatly appreciate your feedback. All voting FICPA members, please take the time to complete the short survey about the current A&A requirement

Deloitte recently named Kathy Englebert, CPA as its first woman chief executive. so we can represent you effectively. Please visit www.ficpa.org/A&Asurvey. FCT

Valiente is Special Guest at Presidential Address

ICPA member Jose Valiente, a past chair of the Greater Tampa Chamber of Commerce, attended President Obama’s sixth State of the Union address as a special guest of Congresswoman Kathy Castor. Valiente was born in a small town outside Havana, Cuba and came to the U.S. at age 12. He supported the embargo against Cuba until 2003. “I realized that if the intent of the embargo was to bring change to Cuba, it has failed, because nothing has changed,” he told the Tampa Bay Times in 2011. As Chamber chair, Valiente worked with U.S. Rep. Castor to open Tampa International Airport as an entry/exit point for charter flights to Cuba, highlighting the economic boost and jobs this would create for FLORIDA CPA TODAY

Deloitte names new board chair, first woman chief executive

Jose Valiente, CPA recently attended President Obama’s sixth State of the Union address as a special guest of Congresswoman Kathy Castor. Tampa. He also spearheaded a groundbreaking cultural exchange between the Florida Orchestra and the Cuban National Orchestra in 2011. Citing the need for engagement as a way to help the people of Cuba, Valiente supported U.S. Rep. Castor when she was the first member of Congress from Florida to call for modernization of the longstanding ban on traveling to Cuba and lifting of the embargo. FCT

eloitte recently announced that Cathy Engelbert, CPA, will serve as its chief executive, making it the first of the big four accounting and consulting firms in the U.S. to be led by a woman. The firm also named Mike Fucci as chairman of its board. Both will assume their new positions in March. “The FICPA congratulates Ms. Engelbert and Mr. Fucci on their new leadership roles and applauds them for their continued accomplishments,” said FICPA President/CEO Deborah Curry, CPA, CGMA. “Deloitte is a frontrunner in enhancing inclusive leadership and will continue

to thrive under the expertise of both as they embark on this new phase of their careers.” Engelbert is the chairwoman and chief executive of Deloitte & Touche, the accounting, auditing and risk advisory subsidiary of Deloitte, leading the audit practice. She joined Deloitte in 1986. She earned her accounting degree at Lehigh University. Fucci has been a practitioner and principal at Deloitte for more than 33 years. He has a degree in math from Montclair State University. Deloitte chooses its chief executive through an election every four years. FCT

Apply now to serve on an FICPA committee

erving on an FICPA committee is the perfect way to give back and get more from your FICPA membership while investing in yourself. Please apply by April 27 to serve on a committee during the 2015-16 year. Want to know more? Contact Debra Kelly at kellyd@ficpa.org or visit www.ficpa.org/ committees. FCT www.ficpa.org

C PA s I N

the spotlight

Transitions

the tax & accounting services department; and Chuck Landers to shareholder in the audit & assurance services department. Also, Wayne Sumlin will be merging with the firm.

Boca Raton: Daszkal Bolton announces that Henry Martin has been promoted to senior manager in the audit and assurance practice.

Whitney Coombs

Boynton Beach: Liggett, Vogt & Webb PA announces that Amy Weiss has been promoted to principal.

Lori Martin

Coral Gables: Appelrouth

Nicolas de la Vega

Farah & Co. announces that Nicolas de la Vega has been named manager of assurance and advisory services; Thomas E. Garland has been named manager of litigation support; and Brian Torres has been named senior manager. Fort Lauderdale: Crowe Horwath LLP has elected Lisa Roney as a new partner in the firm.

Thomas E. Garland

Jacksonville: The LBA Group announces that Jason Lafser and Barbara Baldwin Finke have been named principals of the firm. Miami: Felicity H.C. Fang has been admitted as shareholder at Bloom, Gettis & Habib. Miami: Mallah Furman & Company PA and Levin, Silvey, Zelko & Mackey PA announce their merger.

Taylor Harmon

Brian Torres

Miami: Steven Morrison has been promoted to principal in the audit department of Morrison, Brown, Argiz & Farra LLC. Also, Jorge Sanchez has joined the firm as director of recruiting. Naples: Boulay, a regional CPA firm in Minnesota, has opened an office at 9105 Strada Place, Suite 3201, Naples. Pensacola: Saltmarsh, Cleaveland & Gund announces the internal promotions of Whitney Bruner to senior in the financial institutions services department; Beth Varhalla to senior manager in

Sunrise: Whitney Coombs joined Daszkal Bolton as tax manager. Tallahassee: Thomas Howell Ferguson announces that Allison Harrell and Michael Kalifeh have been admitted as shareholders. Also, the firm welcomes manager Lori Martin to the assurance services department and staff member Taylor Harmon. Tampa: William K. “Bill” Thomas has joined the Hill International team as vice president in the claims and consulting operation.

Who’s News Berkowitz Pollack Brant Advisors and Accountants with offices in Miami, Boca Raton and Fort Lauderdale, is proud to celebrate 35 years of service to their clients and communities, and to the profession. Dixon Huges Goodman (DHG) donated 3,400 hours of individual paid time off in December 2014 to aid Doctors Without Borders in the Ebola epidemic. The goal

For more news about members and other Florida CPAs, visit CPAs in the Spotlight at www.ficpa.org/Content/News/Spotlight.aspx. The space for Who’s News, Transitions and other announcements published on this page is limited to news focusing on promotions and new hires for FICPA members; speeches by members at professional conferences; and other firm news, such as recognition of business achievements. We do not publish FICPA committee appointments as a part of this feature because of space limitations. Submissions for CPAs in the Spotlight can be emailed to communications@ ficpa.org. 36 MARCH/APRIL 2015

was to donate enough hours to max out the Firm’s commitment of a $50,000 donation which was easily met through the generosity of the DHG people.

Meagan Camp of Thomas Howell Ferguson in Tallahassee passed her Certified Public Accounting exam and now is a licensed CPA in Florida.

Jill L. Carlton of Glickstein, Laval, Carris, PA in Altamonte Springs obtained her Certified in Florida Sales and Use Tax (CFST) designation from the Florida Department of Revenue.

Maria Figueroa Byrd of Byrd Martinez CPA in Miami was honored by The Women’s Fund at their inaugural Mujeres Giving Back Recognition Luncheon to highlight the philanthropic impact of Hispanic women leaders.

Nestor Caballero of Alberni Caballero & Fierman LLP in Coral Gables has been appointed to the Miami Dade County School Board Audit and Budget Advisory Committee. Also, Andrew Fierman has been appointed to the Miami Dade County League of Cities County Budget Committee.

FLORIDA CPA TODAY

Glenn Gopman of Stroemer & Company LLC in Aventura has been awarded the Chartered Global Management Accountant (CGMA) designation from the AICPA.

Kerkering, Barberio & Co. announces that participating employees have donated $14,680 to the United Way Suncoast, and that the firm has been named one of the “50 Most Generous Workplaces in Sarasota.” Myers, Brettholtz & Company PA in Fort Myers announces that Guidance Programs for Success is the 2015 winner of the Uniting Nonprofits In Teaming for Excellence (UNITE) Award and the $25,000 cash prize. John Stroemer of Stroemer & Company LLC in Fort Myers obtained his Certified in Florida Sales and Use Tax (CFST) recertification from the Florida Department of Revenue. FCT

www.ficpa.org

MARKET

place

Positions available Chief Operating & Financial Officer – Johnson Pope Bokor Ruppel & Burns, LLP, a law firm based in the Tampa Bay area, is seeking an experienced COO/CFO. As a key member of the firm’s mgmt team, the COO/CFO will report to the president of the firm & assume a strategic role in the overall, as well as the primary day to day, mgmt of the firm. The ideal candidate will have a min of 10 yrs in progressively responsible financial leadership roles, preferably w/operating business or professional organizations. Candidate will possess a B.S. in accounting or finance, MBA and/or CPA highly desirable. The candidate must have strong interpersonal & problem-solving skills. High level of integrity & dependability, w/a strong sense of urgency & results orientation, is a must. We offer competitive compensation & benefits. If you possess the required exp, send your resume to suef@jpfirm. com. Strict confidentiality will be maintained. Only candidates contacted for an interview will receive a response. Johnson Pope Bokor Ruppel & Burns, LLP is an equal opportunity employer. Wanted – CPA for tax season. Naples. Diversified, challenging tax-compliance work – individuals, small businesses & international. Flexible work schedule. Need independent go-getter. Email trisha@ trishacrombieassoc.com.

Positions Wanted Cummings & Lockwood LLC is seeking a Fiduciary Accountant for its Naples office. Candidate must have experience w/estate & trust filings, accountings & tax returns preparation, including 1040s, 1041s, 709s & 706s; CPA preferred. Ideal for professional who enjoys independence & high-level relationship w/attorneys. Benefits include 3 weeks’ vacation to start, 4 weeks’ vacation year 2 & beyond; 11 holidays; personal & sick days; 401(k); medical, dental, flexible spending account & more. Please email resume to oeldridge@cl-law.com, fax to (239) 430-3344 or mail to Administrator, P.O. Box 413032, Naples, FL 34101. EOE/AA.

Former tax partner w/national firm has relocated to SW Fla. Has 20+ yrs’ experience serving the tax needs of small/middle market companies & its owners. Holds Florida CPA license w/CGMA & PFS designations. Has managed tax departments for 10+ yrs. Looking to associate or merge w/ full service CPA firm in Fort Myers, Bonita Springs or Naples. Reply to jimlpyle@msn.com.

Kendall-area CPA firm is seeking to hire a tax manager CPA(s) w/nearterm partnership potential. The candidate(s) must have a strong tax background & personal skills. Compensation will be commensurate w/the candidate’s ability. Our firm has a good reputation & is well established & profitable. Reply to reply@ficpa.org & reference file number D PA 03 04 15.

Practices wanted for purchase or merger

Accountant/CPA with extensive tax experience for established firm in Leesburg and The Villages. Full time or flex time. Resume to rcspa@hotmail.com.

Office Space Dadeland-area CPA has ofc & cubicles available for lease in CPA suite. Furnished, floor-toceiling windows, conference room, kitchen, telephone & other ofc equipment, filing cabinets & Internet access included. Free parking. Call (305) 661-1040 or email ronweintraubcpa@bellsouth.net.

Growing South Florida CPA firm looking to purchase a practice from a retirement-minded CPA in Dade or Broward County. Favorable purchase terms offered w/continuing employment opportunities available. Please contact Jeffrey Taraboulos at info@ ksdt-cpa.com or (305) 670-3370. Established-quality Fort Lauderdale CPA firm seeks to acquire practice from retirement-minded CPA w/ transition of your choice. Email inquiries to ajcpapa@aol.com or call Cary at (954) 985-1040.

For complete classified policies, visit www.ficpa.org/Content/CPAResources/ClassifiedsJobs/Classifieds.aspx. 38 MARCH/APRIL 2015

Former tax partner w/national firm has relocated to SW Fla. Has 20+ yrs’ experience serving the tax needs of small/middle market companies & its owners. Holds Florida CPA license w/ CGMA & PFS designations. Has managed tax departments for 10+ yrs. Looking to associate or merge w/full service CPA Firm in Fort Myers, Bonita Springs or Naples. Reply to jimlpyle@ msn.com.

For sale

Successful transitions require experienced, confidential, professional services you can trust. This is what Akins Professional Brokerage provides. Specializing exclusively in the brokerage of CPA firms, we have no upfront fees. List your firm with a professional. Call David Akins, CPA, at (877) 277-0272. Visit our website at www.ProfessionalCPAbroker.com.

Practices Wanted! Cash Buyers Waiting! List your practice with Florida’s No. 1 Accounting Brokerage Firm: Professional Accounting Sales. No upfront fees. No long term listing agreements. Recent references available. Selling practices in Florida for over 31 years. Available for sale include Palm Beach Gardens $650,000… Tampa Bay $1,500,000… St. Pete area $950,000… Southwest Broward $285,000… Port Charlotte $300,000… Pembroke Pines $165,000… Gainesville-Ocala area $650,000… Fort Lauderdale $1,250,000… Sebring area $160,000… many others! Contact Erwin Rosenblatt (561) 666-6737 or Leon Faris, CPA (800) 729-9031 w/ Professional Accounting Sales, or visit our website at www.cpasales.com.

FLORIDA CPA TODAY

www.ficpa.org

D O R update

The Florida Corporate Income Tax

Is your organization exempt?

By Benjamin A. Jablow, J.D., DOR assistant general counsel

nternal Revenue Code (IRC) §1362(a) permits artificial entities to be taxed pursuant to subchapter “S” of the IRC. Corporations that make the qualified election are required to file a Florida corporate income tax return with the Florida Department of Revenue (DOR) when the taxpayer has income computed in IRC §1374 or 1375. If not, the taxpayer is not required to file a return with DOR as provided in section 220.22(4), Florida Statutes (F.S.). Through Form DR-1, DOR registers taxpayers for all taxes it administers. On the form, taxpayers are requested to indicate their business structure. DOR verifies taxpayers’ status with the Florida Secretary of State. However, information the

40 MARCH/APRIL 2015

Secretary provides does not indicate whether taxpayers have elected subchapter S status. DOR periodically sends information requests to taxpayers who don’t check the subchapter S box on form DR-1, to determine if they are subject to or exempt from Florida corporate income tax. In many circumstances taxpayers don’t respond to DOR’s inquiry, so DOR determines they are “C” corporations subject to the Florida corporate income tax. After making this determination, DOR may: 1) send a Notice indicating the taxpayer failed to file a return with DOR and imposing a $300 delinquency penalty pursuant to section 220.801, F.S.; 2) send the taxpayer a Notice of Final Tax Action indicating the $300 penalty is due and imposing a $30 administrative collection fee; 3) issue a tax lien to the taxpayer for the $300 penalty and $30 fee; or 4) impose a bank levy on the taxpayer’s bank account for the $300 penalty and $30 fee. Taxpayers are granted protest rights to challenge DOR actions. At any time (preferably at the first Notice), taxpayers can present a copy of their IRS form 1120-S, or a copy of the IRS letter granting them authority to file their federal income tax return pursuant to subchapter S. This will permit DOR to withdraw the $300 penalty and $30 fee. Taxpayers also should request that DOR change their filing status for the Florida corporate income tax to “active but not required to file.” Taxpayers should not receive additional notices after the status is changed. FCT Benjamin Jablow is an assistant general counsel for the Florida Department of Revenue. The statements made in this article do not reflect the official position or opinions of the Florida Department of Revenue. Jablow can be reached at jablowb@dor.state.fl.us. Are there topics you’d like the Department of Revenue to cover in DOR Update? Email suggestions to wilkinss@ficpa.org.

Learn on the move with Right Time. Right Place. Right Price.

Your busy schedule can make earning CPE credits difficult. The FICPAâ&#x20AC;&#x2122;s LearnLinx CPE is the only source you need for online courses. With more than 200 offerings, we have the topics and instructors you want. Check out these upcoming sessions! Date Topic

Credit Hours Code

Mar. 5

Title

Accounting (Gov.) 1 AA HCCWR04

Accounting for the Federal Budget: The Future of Health Care Dollars

Mar. 6 Auditing

8 AA

4142669G

Detecting Fraudulent Financial Reporting

Mar. 10 Accounting (Gov.)

1 AA

MEGAWR15

Department of Labor (WR)

Mar. 13 Auditing (Gov.)

8 AA 4142018C

Cost Principles for State and Local Governments and Nonprofit Organization

Mar. 16 Accounting (Gov.)

8 AA 4141646B

Basic Concepts of Governmental Accounting, Financial Reporting and Auditing

Mar. 16 Accounting

8 AA

4142513K

GAAP Update

Mar. 17 A&A Special Situations 1 AA

ASWR46

COSO Framework and Cloud Controls (WR)

Mar. 17 Accounting

8 AA 4142804E

Hedging Risks of Foreign Operations and Currency Transactions

Mar. 18 Taxes

1 TB ASWR39

Florida State Tax Update - The Craziness Continues (WR)

Mar. 20 Accounting

8 AA

4142585C

Cost Reduction Strategies: Best Practices

Mar. 20 Auditing

8 AA

4142645H

Fraud and the CPA Profession

Mar. 24 Accounting

8 AA 4142308G

Other Comprehensive Basis of Accounting Fundamentals

Mar. 24 Taxes

Tax Issues for NFPs (WR)

1 TB

ASWR35

Mar. 27 Auditing

8 AA 4142809F

Corporate Governance, Fraud and Control: Setting the Strategy and Executing it Efficiently

Mar. 27 Auditing (Gov.)

Interpreting The Yellow Book

8 AA

4141554D

Apr. 2

A&A 1 AA ASWR48

Value Proposition for Internal Control Integrated Framework by COSO

Apr. 2

Yellow Book and Single Audit Update (WR)

Auditing (Gov.)

1 AA

MEGAWR18

*Note: (WR) Webcast Replay

>A&A = Accounting & Auditing

42 MARCH/APRIL 2015

>Industry = Business & Industry

>BIZTECH = Business Technology

Of Course!

Apr. 3

A&A

1 AA

MEGAWR25

Apr. 13 Auditing (Gov.)

New Documentation Issues in A&A (WR)

8 AA 4142232E

Frequent Frauds Found in Governments and Not-for-Profits

Apr. 17 Accounting

Accounting Fraud

8 AA

4142344C

Apr. 17 Accounting

8 TB 4142811F

Top10 Tools for CFOs to be More Effective Business Partners

Apr. 21 Auditing (Gov.)

8 AA

4141554E

Interpreting The Yellow Book

Apr. 22 Accounting

8 AA

4142293G

Controls, Risks and Financial Reporting

Apr. 23 Auditing (Gov.)

8 AA

4142326D

Avoiding Problems in Conducting Single Audits

Apr. 23 Auditing

4 AA

4142867G

Practical Guide to Accounting Fraud

Apr. 24 Accounting

8 TB 4142555D

Create Reports that Matter: Turn Information into Action

Apr. 27 Auditing (Gov.)

8 AA 4142018D

Cost Principles for State and Local Governments and Nonprofit Organization

Apr. 27 Accounting

8 AA

4142513M

GAAP Update

Apr. 30 Marketing

8 TB

4142909E

Marketing the CPA in Public Practice

*Note: (WR) Webcast Replay

>GOV/NFP = Government/Not-For-Profit

www.ficpa.org/LearnLinxCPE

>TAX/PFP = Tax/Personal Financial Planning

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

>VFALS = Valuation, Forensic Accounting & Litigation Services www.ficpa.org

Savings in Numbers. Group Discounts Available Register five to seven people from the same organization for the same event and receive a 15% discount off the registration fee. Register eight or more for the same event and receive a 20% discount. Restrictions may apply.

Membership has its Savings Arenâ&#x20AC;&#x2122;t you glad you joined the FICPA? Nonmembers are required to pay an additional $125 per day of instruction; $65 per half day of instruction (unless otherwise noted).

The Early Bird Gets the Savings Take advantage of the Early Bird price. Register more than 30 days before the course and save $55. Visit ficpa.org/policies for complete details.

www.ficpa.org/conferences

>A&A = Accounting & Auditing

44 MARCH/APRIL 2015

>Industry = Business & Industry

>BIZTECH = Business Technology

Of Course!

WION! T NE CA LO

Health Care INDUSTRY CONFERENCE April 23-24, 2015 | Orlando | Rosen Centre Hotel

The Business of Health Care Donâ&#x20AC;&#x2122;t miss our Ethics course on Wednesday, April 22.

2015 CONFERENCES WION! T NE CA LO

CPAs in Industry Conference (17 CPE)

Health Care INDUSTRY CONFERENCE April 23-24, 2015 | Orlando | Rosen Centre Hotel

Tampa www.ficpa.org/IC

Health Care Industry Conference (Up to 18 CPE)

Orlando April 23-24, 2015 www.ficpa.org/HCC

Ft. Lauderdale www.ficpa.org/ICM March 19-20, 2015 The Business of Health Care Donâ&#x20AC;&#x2122;t miss our Ethics course on Wednesday, April 22.

Florida State Spring Accounting Conference

Not-For-Profit Organizations Conference (17 CPE)

Tallahassee May 14-15, 2015 www.ficpa.org/FSUAC

Tampa and Ft. Lauderdale May 28-29, 2015 www.ficpa.org/NFP www.ficpa.org/NFP2

Mega CPE Conference Orlando June 10-13, 2015 www.ficpa.org/megaCPE

>A&A = Accounting & Auditing

46 MARCH/APRIL 2015

>Industry = Business & Industry

30th Annual Accounting Show

30th

Ft. Lauderdale Sept. 16-18, 2015 www.ficpa.org/ AnnualShow

>BIZTECH = Business Technology

Of Course!

F L O R I D A

Florida Institute of Certified Public Accountants P.O. Box 5437 Tallahassee, FL 32314-5437