F L O R I D A
florida C P A
TODAY
contents NOVEMBER/DECEMBER 2014
VOLUME 30, NUMBER 6
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
cover story
18
departments 5
Guest column
6
Chair’s message President’s message
24 Staff reports 26 News Briefs 28 CPAs in the Spotlight 30 Marketplace 34 DOR update
BYOD
35 Of Course! CPE Listings
When D is Disaster….
features
12
8
BP Claims Are Alive But subject to Policy 495
12
Moving Violations 3 steps for taming mobile threats
16
Committed to a Common Goal Strengthening the PAC
21
Web Digest The New Revenue Recognition Standard Build Your Implementation Plan Now
22
Rewind: 29th Annual Accounting Show
22
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 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. © 2014 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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NOVEMBER/DECEMBER 2014
guest
COLUMN
The Role of the FICPA And the importance of membership
H
ere’s a voice from the past. I say that because my Florida CPA certificate dates back to 1950. My certificate, although inactive now, is 64 years old and was issued when the profession in Florida was only 45 years old. What triggered my writing is my concern about the level of support the FICPA seemingly is receiving from those holding Florida certificates, compared to when I was active in the profession. In Florida CPA Today several months ago, FICPA President/ CEO Deborah Curry discussed the need to increase membership among CPAs who work outside public practice. In the years when I was active in the FICPA, other states considered Florida a leader in supporting legislation that defended or added to the professional status of public accounting. This required a professional staff to organize and encourage active support from the membership. It was the members who had a more direct connection with their local legislators. For example, at the West Coast Chapter monthly meetings I attended some 50 years ago, there would be 75-100 members and associates in attendance, depending on the issues at hand – and the profession was a lot smaller than it is today. Would you believe that in 1960, the FICPA’s total membership was 1,323 – 952 CPAs and 427 associates? In the 30 or so years after World War II, the profession underwent many changes – such as qualifications to sit for the CPA exam, continuing education and peer review – that raised the image of the profession in the public’s eye. Fortunately, a well-organized FICPA provided the support to enable Florida CPAs to react to the changing times and needs of the profession. The population in Florida has grown during the years and it is now the fourth most populated state in the United States. Our profession has grown also and today there are around 30,000 CPAs holding active Florida licenses, plus another 2,000 who have placed their licenses in inactive status. FLORIDA CPA TODAY
Jerome Schine, CPA FICPA Past President
Of Florida CPAs who have active licenses and reside in Florida, only 52 percent are FICPA members. I would think it would be a greater percentage than that. I recognize that today, compared to those years when I was active, there probably is a larger percentage of CPAs who work outside public accounting. That’s because in today’s more complicated business world, there is a greater demand for a CPA’s education, training and expertise. Although these individuals may feel the FICPA is more focused on CPAs in public practice, they should not forget their careers are benefiting from the respect the CPA certificate has in the business world. Whether or not they use FICPA programs, Florida CPAs should not forget the FICPA is our watchdog regarding any changes affecting the profession. We need their membership support, not just financially, but through personal connections that could help the FICPA relate to some new issue. There is obviously an even greater rationale for CPAs in public practice to be members. If you aren’t an FICPA member because you don’t participate or use their programs, then look on membership as your insurance that the FICPA is your watchdog regarding any proposed changes to the public accounting practice in Florida. I’ll get off my soap box now.
FCT
Jerome Schine graduated from the University of Florida in February 1947. He passed the CPA exam at first sitting in May 1950 with the highest grades in the state for those passing at first sitting. He served as FICPA president from 1973-74, on the Florida Board of Accountancy from 1983-1990 and as its chair in 1985. He was president of the National Association of State Boards of Accountancy from 1989-1990; a member of the AICPA Council from 1974-1980; and a member of the National Review Board from 1976-1980. www.ficpa.org
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chair’s
MESSAGE
CPE: Rethinking the Status Quo I
n the September/October issue Florida CPA Today, I mentioned the creation and inaugural meeting of the Vision Force 20/20. The purpose of the meeting was to evaluate the major trends affecting the FICPA and its members. We want to be sure we are leaders in innovative change, rather than reactively following the path others have made. Your Board of Governors will be working diligently in the coming months to refine and put into action the goals and objectives identified in that meeting. One clear trend that’s likely to impact our profession in the near future is the delivery and measurement requirements of continuing education. Contributing to this trend is the growing specialization of services CPAs offer and the importance of maintaining the education associated with those services. However, we can’t overlook
the core competencies that separate CPAs from every other profession and make us uniquely qualified to serve the public.
Jeff Barbacci, CPA chair@ficpa.org
At the heart of the issue in Florida is the current requirement to obtain a minimum of 20 hours of continuing education in accounting and auditing (A&A) courses every two years. Has the time come to reconsider this requirement? As we modify every other aspect of our skills and services to keep pace with changing technology and the changing needs of the businesses and clients we serve, I believe it has. In her column below, FICPA President/CEO Deborah Curry provides some background about the A&A requirement and some alternatives for consideration. Please take our survey at www.ficpa.org/A&Asurvey. Your input on this topic is very important and we look forward to hearing your thoughts. FCT
president’s
MESSAGE
Florida A&A Requirements
What’s your opinion?
F
6
irst, I thank all of our members for supporting our continuing education seminars, conferences and online webinars/ webcasts throughout the years. We work hard to find the right mix of products that will enhance your knowledge and provide various sources of education to meet your needs. Evolving changes in our standards, regulations and laws demand that you have education at your fingertips. And with that emerges the conversation as to what education is the “right” education.
from one of our chapters that the FICPA pursue a statutory change allowing an alternative to the minimum requirement for 20 hours of Accounting and Auditing (A&A) continuing education every two years.
At our recent FICPA Board of Governors meeting, we discussed a recommendation
During the past year, I’ve been fortunate to discuss this topic with various members
NOVEMBER/DECEMBER 2014
The Florida Board of Accountancy (BOA) takes seriously its charge to protect the public and discusses the importance of appropriate continuing education with respect to services rendered. Any change of the statutes would require the BOA’s support.
Deborah L. Curry, CPA, CGMA curryd@ficpa.org
who have shared contrasting views. Here are some of their comments. • CPAs have passed a stringent test and obtained experience. They are professional enough to choose, at their own discretion, CPE that will enhance their skills as it relates to the services they render or provide. A&A is not predominant in all duties performed. Key to this is the concept that the CPA credential differentiates us from accountants and bookkeepers by allowing us to perform the attest function, which those without a license cannot do. Therefore, completing proper education in A&A subject matters each licensing period is necessary to retain the expertise that makes us CPAs. CPAs who don’t perform audits, reviews, compilations or other attest services should have some knowledge of the latest A&A developments. However, an update on this could be obtained in less than 20 hours. CPAs engaged in audits, reviews, compilations or other attest services should be required to have a minimum number of A&A continuing-education hours and should be required to state on the licenserenewal form that they perform these functions. CPAs should be allowed to fulfill the current 20-hour requirement with either A&A or tax education, and fill the remaining hours according to the current regulations. CPAs could benefit from leadership, writing and speaking skills imperative for career development and should be able to use more hours to build those skills. The CPA brand is respected for ethics, integrity and competency. The public holds CPAs to a higher degree of responsibility than those who don’t possess the license, such as accountants and bookkeepers. Thus far, our profession has stood strong to allow only one level of licensure in Florida – a Certified Public Accountant. Relevant professional education is one of the pillars CPAs use to retain the knowledge and expertise befitting the esteemed credential. I believe we should have a healthy and robust conversation about the composition of the total 80 hours of education as it currently stands, and whether or not FICPA members believe a revision is beneficial. If our members support a statutory change, the FICPA would work with the BOA and seek consensus before presenting the recommendation to Florida legislators. To stand as the FICPA’s voice on this matter, I need your help. Please take five minutes to weigh in on your vision of the A&A continuing-education requirements by taking the short survey at this link: www.ficpa.org/A&Asurvey FLORIDA CPA TODAY
If you have questions about the survey, email webservices@ficpa.org. (Note: Only voting-class members of the FICPA are eligible. Thank you!) FCT
The Current Requirements Currently, Florida Statutes (F.S. 473.312) requires CPAs to obtain not less than 48 and not more than 80 hours of continuing education during the two years prior to license renewal. Not less than 25 percent of these hours must be in accounting- or audit-related subjects. Florida also statutorily requires that not more than 20 hours be submitted for behavioral education, while a minimum of four hours of Florida-specific ethics must be taken (which was a provision added to the statute as a substitute for removing the laws and rules exam requirement). The remainder of the 80 hours is rounded out with technical business subject matter. Not all state boards share the same requirements for A&A. California, for example, differentiates CPE requirements based on CPAs involved in attestation services (as defined) versus those who are not. Florida statutes are not the only regulatory education requirements under which CPAs operate. Additional regulations include: Quality Control Standards state that for continuing professional development “effective policies and procedures emphasize the need for all levels of firm personnel to participate in general and industry-specific CPE and other professional development activities that enable them to fulfill responsibilities assigned and to satisfy applicable CPE requirements of the AICPA and regulatory agencies.” Government Auditing Standards (Yellow Book) requires auditors performing work in accordance with these standards to maintain their professional competence through CPE. Therefore, each auditor performing such work should complete, every two years, at least 24 hours of CPE that directly relates to government auditing, the government environment or the specific or unique environment in which the audited entity operates. In addition, an auditor should obtain an additional 56 hours of CPE (for a total of 80 hours of CPE in every two-year period) that enhances the auditor’s professional proficiency to perform audits. CPAs who are members of one of the AICPA quality centers (Government or ERISA), are required to meet certain CPE guidelines as part of their membership. If a CPA is involved in the audits of public filing companies, additional criteria apply and at least 40 percent of education must be in A&A-related subjects. www.ficpa.org
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BP Claims Are Alive
But subject to Policy 495 By Walter Copeland, CPA
T
he Deep Water Horizon Oil Spill claims process has taken many twists and turns since July 2012, when all parties “agreed to” and signed the settlement. Originally, claims were almost routinely processed and paid if they met the criteria outlined in the agreement. Now, the process has become much more complicated and has slowed considerably. It’s not unusual for claims filed over 15 months ago to have no activity yet. This article provides an update for Florida CPAs with clients who have filed claims and are awaiting payment or a response from the claims administrator (administrator), or who haven’t yet filed their claims.
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NOVEMBER/DECEMBER 2014
The good news and the not-so-good news The good news for claimants is that the original deadline to file a claim – April 22, 2014 – no longer is in effect. The latest date to file a claim generally is set as six months after all legal appeals regarding the settlement’s validity have been resolved. On Aug. 1, 2014, BP filed an appeal with the U.S. Supreme Court to set aside their 5th Circuit Court of Appeals loss in May 2014. Claimants who have not yet filed are encouraged to go forward with the claim and watch for the determination of the Supreme Court (or other possible unfiled appeals) to determine the final filing date. Until the Supreme Court hears the case and the parties agree on a final date, it is not known when that final date will be.
The other good news is that, to date, the courts have rejected all BP appeals and have lifted the stay on payments. The not-so-good news for claimants is that, as a result of BP’s appeals, the administrator has adopted a “matching of revenue and expense” rule known as Policy 495. The administrator has hired about 200 more accountants to process the claims. The Policy 495 criteria and the current subjective reviews by the administrator’s accountants have slowed the claims process to a crawl. The possible effect on claims is that revenues and/or expenses will be restated from the amounts submitted.
Why Policy 495? BP objected, and the Fifth Circuit Court of Appeals agreed, that some businesses may not have properly matched their revenues and expenses on a monthly basis and should have their claims re-calculated. At the direction of the Court of Appeals, the District Court instructed the administrator to adopt and implement a policy to address this improper matching – hence Policy 495. Policy 495 is broad, complex and multi-faceted. It affects almost every claim not yet paid or processed. There are new general criteria that all claims must meet before progressing in the review process. There are 80-100,000 backlogged claims in the system. Claims that already have been reviewed likely will be reviewed again under the new Policy 495 criteria.
Criteria Basically, Policy 495 provides statistical criteria looking at monthly revenues and costs that differ from annual averages. If revenues and/or costs of a given month vary from the compared other periods by prescribed
percentages, they are deemed not to be properly “matched” and require further inquiry. Policy 495 lists seven criteria indicating matching problems that require further investigation. They include: 1. Negative revenues in any month 2. Revenues for a month that exceed 20 percent of annual revenues 3. Indications of periods of dormancy 4. Negative expenses for a month 5. Variable expenses for a month that exceed 25 percent of annual variable expenses 6. Gross margins of months used for the claim that vary by 50 percent 7. Revenues for months used for the claim that vary by more than 8 percent when compared to comparable months in the other years If a claim passes all of these criteria, it is processed in the normal course. If not, the accountant assigned to the claim reviews it to determine how to proceed. The claimant then is asked to provide explanations as to why these items exist, and the accountant makes a judgment as to whether or not the answers are sufficient. If the explanations aren’t sufficient, Policy 495 provides methodology to revise the monthly financial statements to reflect a “matching” that essentially smoothes revenues and expenses. One such methodology is the Annual Variable Margin Method, which requires using the same annual average percentage variable expenses for each month in the comparative periods. The effect is to smooth expenses throughout the year. A New Eligibility Notice will be issued and will trigger rights to request re-review, reconsideration and appeal by the claimant and BP. ➡
The Good News
The Not-so-good News
Time for filing a claim extended beyond the April 22, 2014 due date.
Policy 495 adds complexity to an alreadycomplex process.
Courts currently have rejected appeals to limit settlements.
Claims process will be slowed.
FLORIDA CPA TODAY
www.ficpa.org
9
Industry issues Policy 495 includes many examples of how the rules are to be applied to select industries. The construction industry has 20 categories and there are different accounting criteria for each of them. The professional services industry has nine categories, agriculture has eight and the educational institution industry has seven. There also are rules for startup businesses, failed businesses and failed startup businesses. In the construction industry, it is assumed that expenses are more accurately recorded. So, the tendency is to adjust revenues based on the variable analysis, depending on the category in the industry. The adjustments for the non-construction industry assume that revenues are properly recorded and are more reliable than expenses. As such, an adjustment of variable expenses is made based on the methods to recalculate gross margins. On May 27, 2014, a petition was filed to change Policy 495 to apply to cash-basis claims only, and to use the
10 NOVEMBER/DECEMBER 2014
Annual Variable Margin Methodology for all insufficiently matched claims without regard to resorting to different construction, agricultural, educational or professional services frameworks. The petition does not attempt to delay the application of Policy 495 to any other insufficiently matched cash-basis claims. After a long delay, BP claims now are being processed again and payments should resume accordingly. New claims can be filed because of the deadline extension. However, because of the complex nature of Policy 495, the claims-review process will take more time. Additional analysis and claimant inquiry is required, including the potential need for claimants to submit additional documentation for the requisite matching analysis. FCT For more information, visit deepwaterhorizoneconomic settlement.com Walter Copeland holds CPA certificates in Florida, Ohio, New York, California and Nebraska. He is the owner of Copeland Consulting and serves on the FICPA Federal Taxation, Editorial and CPAs in Industry committees.
Moving Violations 3 steps for taming mobile threats By Michael Rosciam, CPA, CITP, CISA
T
he use of mobile devices is flourishing in today’s business environment. Although there are many reasons to leverage these devices, there also are significant concerns about how companies are managing the privacy of sensitive data that is stored on them.
Companies can mitigate the risks in a few steps.
Develop a written mobility policy
If left unmanaged, mobile devices or Bring Your Own Device (BYOD) environments can lead to:
First, develop a written mobility policy. This policy must clearly define the rules and responsibilities for mobiledevice users who are granted access to the company’s systems and data. The policy should include, but not be limited to:
Unapplied software security updates that leave devices vulnerable to hacking Malware, worms, Trojans and other unknown or unaddressed weaknesses that can capture company data User-driven installation of applications that may further expose company data to unauthorized intrusion Lost, misplaced and stolen devices
Purpose – Why it’s important to protect confidential client and business data that reside in the company’s infrastructure. Applicability – Define the covered devices and the employees whom the policy will govern. In many companies, mobile or remote access to (critical) data is a privilege, not a right, and forms the foundation of mobile policies.
12 NOVEMBER/DECEMBER 2014
Appropriate use – Inform users about their responsibilities. }} Approval – The company must require that employees obtain approval from appropriate company management, as well as information technology (IT) personnel, before connecting a personal mobile device to the network. }} Responsibilities – Users must ensure that they adequately protect the best interests of the company, its assets and its services. Users should physically safeguard all mobile devices. All users must be accountable for timely communication, within a published timeline, if a device is lost or stolen. }} Security and configuration – Establishes, monitors and enforces configurations and the company’s administrative policies and rights. These typically include establishing the number of failed login attempts before data automatically is erased from the device; minimum criteria for PINs and passwords; and maximum screen-lock expiration times. The company should limit or eliminate users’ ability to modify these security configurations without proper approval. An important part of developing a successful mobility policy is including a training component to reinforce employee awareness. Training should include information pertinent to device functionality and data security. The final step is reviewing the policy and requiring employees to sign an agreement acknowledging the policy and their responsibilities.
Implement mobile-device management software Successful compliance with a mobility policy, particularly for companies with more than a few employees, relies on evaluating and implementing a mobile device management (MDM) system/software. The main purposes of MDM are to: Effectively and efficiently control mobile-device access to the company’s infrastructure, from activation to termination of connectivity. Securely manage data usage, including downloading or uploading. Control mobile application management features, configuration, usage and user-initiated installation. FLORIDA CPA TODAY
Inspector Gadget Technology Update Dec. 8, 2014 • 2 TB Technology innovation continues at a dizzying pace. This webcast provides guidance on technology and trends including cell phones, tablets, cloud computing and more. To register, visit www.ficpa.org/inspector. The most important MDM features include:
Centralized security policy enforcement Integration to existing network tools Remote device locking and data deletion (wiping) Detecting removal of limitations on operating system Locating misplaced or stolen devices Resetting forgotten passcodes and PINs Application management and distribution Automated segregation of failed devices Group text messaging to send announcements and troubleshooting instructions Detailed hardware and software inventory reports Developing a company mobile policy and implementing MDM are crucial components of addressing mobilesecurity risks. The final step is including mobile devices in the company’s incident-response processes.
Update or create an incident-response plan Incident-response plans contain policies that provide a blueprint for IT staff and company management to respond to any incidents reported by employees. The plan must document which departments – typically human resources, marketing, legal and IT – will play which roles and how they’ll execute responsibilities. The plan should provide contact information for primary and backup incident-response team members to allow immediate response. The plan should document each team member’s responsibilities and authority. It also should provide strategies and goals for determining when, what and how to communicate so first responders can reach the best conclusions and take the best actions. Effective incident response requires implementing vulnerability-assessment capabilities for mobile devices. The minimum features of these tools combine active scanning; passive network monitoring; aggregating ➡ www.ficpa.org
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log events in a fast and effective analysis format; and patch and configuration management. Finally, companies must develop procedures to allow adequate documentation and effective processing of an incident. The procedures should include: Identifying the breached device Defining which types of confidential data were available on, from and/or through the breached device Describing the number of data records exposed Determining the timeline of device activity Describing how the breach was detected Determining the incident’s impact on business, including customer/client/patient data, and on the company’s technology Creating a detailed, chronological account of the actions taken to stop the breach and notify the appropriate parties and agencies
Data protection is not 100 percent effective and every company should be able to respond immediately to security breaches. Company personnel must monitor what is occurring with mobile devices, quickly detect security incidents and resolve them successfully. The challenge lies in reconciling a cost/benefit equation where the greatest variable is risk tolerance. The product of that equation will determine how the company approaches and executes the prevention, deterrence and mitigation of mobile-device security breaches. The cost of a breach from an employee-owned mobile device far exceeds the initial cost of implementing these recommended security controls. FCT Michael Rosciam, CPA, CITP, CISA is an IT audit senior manager at Thomas Howell Ferguson P.A. Rosciam serves on the FICPA Business Technology Committee. He is a certified information systems auditor and a member of the Information Systems Audit and Control Association.
“The challenge lies in reconciling a cost/benefit equation where the greatest variable is risk tolerance.”
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I
n an election year, the future of the CPA profession hangs in the balance of electionnight results. The goal of the Florida CPA/PAC is to help elect Democratic and Republican candidates who understand the profession and have relationships with local CPAs. Through their participation in this year’s Top 250 fundraising campaign,
these firms have shown a commitment to a common goal: protecting the future of the accounting profession in Florida. Each year, individual CPAs and firms throughout the state commit to protecting the future of the profession by supporting the Florida CPA/PAC. Because they are regulated by the state, and subject to the laws that are voted on by the 160 members of the Florida Legislature, CPAs must constantly strive to ensure that the profession is well represented in Tallahassee. Among the more than 18,000 members of the FICPA, these committed few are ensuring that all CPAs have a relevant voice in the political process. Again, we thank the managing partners and firms that support the Florida CPA/PAC. The CPA profession will continue to thrive because of your commitment.
FCT
F LO R I D A Florida CPA Political Action Committee, Inc.
Help support our Florida CPA/PAC by contributing online today at
www.ficpa.org/paccontribute Contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others. The Florida CPA/PAC is register as a corporation with the Florida Division of Corporations and as a Political Committee with the Florida Department of State.
Blain Heckaman
Antonio L. Argiz
Lori R. Sims
W. David Ellrich Jr.
Winston Howell
James G. Newman
Kaufman, Rossin & Co.
MBAF
CliftonLarsonAllen LLP
Moore, Ellrich & Neal, PA
Thomas Howell Ferguson, PA, CPAs
Gregory, Sharer & Stuart, CPAs
Roderick A. Harvey
Jeffrey P. McClanathan
Ronald E. Jackson
Michael Stone
W. Henry (Hank) Hurst, Jr.
Jeffrey Tuscan
HCT Certified Public Accountants and Consultants, LLC
McClanathan, Burg & Associates, LLC
Saltmarsh, Cleaveland & Gund
Stone, Parker & Company CPA, PA
The Hurst Company, CPAs, PA
Tuscan & Company, PA
PLATINUM CLUB ($5,000) Kaufman, Rossin & Co.
Blain Heckaman
Miami
MBAF
Antonio L. Argiz
Miami
GOLD CLUB ($2,000) CliftonLarsonAllen LLP
Lori R. Sims
Moore, Ellrich & Neal, PA
W. David Ellrich Jr.
Thomas Howell Ferguson, PA, CPAs
Winston Howell
Orlando Palm Beach Gardens Tallahassee
SILVER CLUB ($1,000) Gregory, Sharer & Stuart, CPAs
James G. Newman
St. Petersburg
Harvey Covington & Thomas of South Florida, LLC
Roderick A. Harvey
Hollywood
McClanathan, Burg & Associates, LLC
Jeffrey P. McClanathan
Saltmarsh, Cleaveland & Gund
Ronald E. Jackson
Pensacola
Stone, Parker & Company CPA, PA
Michael Stone
Port Richey
The Hurst Company, CPAs, PA
W. Henry (Hank) Hurst Jr.
St. Petersburg
Amelia Island
BRONZE CLUB ($500) Tuscan & Company, PA
Jeffrey Tuscan
Fort Myers 17
COVER
story
BYOD
When D is Disaster…. By Michael S. Kridel, CPA/CFF/CITP, CFC
BYOD
– Bring Your Own Device – has become a hotly discussed strategy. My college fraternity house was across the street from the school’s computer labs, and we spent many hours coding (hacking, too) and prognosticating as to what would come after punch cards and mainframes. Our BYOD were $500 Texas Instruments calculators with five functions (square root!). There are, however, two other definitions of BYOD that increasingly are affecting all of us: Bring Your Own Dollars and, frighteningly, Bring Your Own Disaster.
Gen. Norman Schwarzkopf
Let’s look at this win/win, win/lose and lose/lose BYOD dichotomy in light of some practical realities.
We begin with current (as of this writing) events: the release of once said, Apple’s iOS 8.0 and iPhone 6. Many of us use some version of “The more the iPhone and iPad, although you sweat perhaps on a declining basis. Stepping aside from the alleged in peace, bendability of the new device (largely debunked by the folks the less you at Consumer Reports1), there are some initial, hard statistics bleed in war.” regarding the updated operating system (now at 8.0.2, after 8.0.1 was withdrawn within an hour because it “bricked” so many devices). 18 NOVEMBER/DECEMBER 2014
According to Crittercism,2 a mobile application performance management company, non-iPhone 6 devices with iOS 8.0 crashed 78 percent more than iOS 7.x. Although that’s a scary number, it’s less so when looking at it in the rearview mirror of a mere few days. The crash rates for iPhone 6 and iPhone 6 Plus were 2.63 percent and 2.11 percent, respectively, whereas the crash rate for earlier versions was 3.57 percent. When compared with the crash rate of 2.0 percent for iOS7, the incremental instability is readily discernible. It seems this is an immaterial hiccup, but the number can become costly and disruptive when applied to multiple devices accessing enterprise systems. And, I promise you, really frustrating when it’s your device. Almost every kind of business either is deliberately embracing, or at least drifting toward, BYOD (the D, here, representing Device) for many reasons: financial (trading catering to employees’ preferences in trade for shared acquisition costs), generational preferences, device-management advances, flexibility and the spectrum of available devices. Riding the back of this ubiquitous adoption is a similarly increasing catalog of vulnerabilities that can adversely affect organizations on the financial and security fronts. If we look at the first variant on the BYOD paradigm, where D=Dollars, firms and companies increasingly are pushing device-acquisition costs to employees, thereby
smoothing technology-acquisition cost considerations while, theoretically, giving staff what they (think) they want. The impact of that financial shift shows up in a number of ways, but perhaps most insidiously in the device-management process. Sage Software, a producer of accounting and CRM applications, found in its recent Sage SMB Survey on Mobile Devices3 that the majority of companies in a broad swath of business and industry fail to budget for mobile needs. Rather, it is an ad hoc process that only is addressed when there is a problem. This will, long term, present a challenge owing to the benefits that properly managed mobility brings to enterprises and other entities. Disaster comes in many forms and ignoring a relatively small financial segment in the budgeting process can compromise the benefits of technology. Consider that Sage also
found that although 40 percent of these companies have a BYOD policy, they feel less compelled to budget for it because BYOD has a positive impact on finances and, ultimately, depresses the materiality threshold for scrutiny of certain IT expenses.4 The survey revealed that 51 percent of business owners use mobile devices offsite; at least 76 percent of employees use laptops and 74 percent use smartphones; and 49 percent of companies have employees using tablets. Those numbers drive benefits, too: 72 percent perceive enhancement of customer/client service; 28 percent find productivity increases in adverse weather (remember last winter in the northern states?); and 26 percent see an increase in revenues. The lesson: device management is less an expense line item and more a revenue contributor. And as we’ll see, device security must be managed, too. In the second branch of the BYOD model, where D=Disaster, data vulnerability can take many forms and threats approach
➥
FLORIDA CPA TODAY
19
COVER
story
Transform Your Busy Season With Technology Tools You Already Use
5. Applications for which installation is prohibited 6. Bilateral data confidentiality and/or privacy, including third parties (clients, for example) and employees (personal information residing on a device with proprietary employer data) 7. General connectivity issues, including cloud access, remote storage, employees’ home systems and public networks 8. Implementation through enforceable employeremployee agreements.
Jan. 14, 2015 • 8 TB Did you know Outlook®, Acrobat® and Excel® can make busy season more productive? In this new webcast, you’ll learn how to incorporate simple time-management techniques available in technology tools you use every day. To register, visit www.ficpa.org/transform. internally and externally. We need to approach security, the primary means of disaster prevention, as we would any other project. That means it is not ad hoc; rather, it is something accountants rarely have been trained to do: project management. David Allen, of Getting Things Done5 fame, defines a project as any task with more than a single step. A solid, holistic approach is one that includes financial and security elements in an enterprise-wide plan that requires ongoing maintenance. And the best plans are based on best practices. This project largely depends on good policy that is effectively communicated. Good policy depends on our ability to embrace the concept that technology is not a cure – it’s a tool. In a digital age, we must get our analog systems and procedures right before we can effectively migrate electronically. A Gartner CIO survey says that by 2016, 80 percent of employees will use their own equipment on the job.6 This means firms and other enterprises must create policies before technology arrives, transform existing policies and clearly communicate all with finely tuned accountability. Policies must address: 1. Clear definitions of the types of devices (including storage devices) that are allowed network connectivity 2. Financial responsibility for data plans 3. Which federal and state statutes must be considered, with respect to data and the risk of breach or loss 4. Security initiatives that include a centrally enforced device-access feature (e.g., passwords), remotedevice data wiping (in instances of device loss or employment termination), malware defense and cloud data access 20 NOVEMBER/DECEMBER 2014
In the BYOD model, the likelihood of the “Disaster D” is reduced based on the commitment, preparation, communication, consistency and accountability of and for these systems. Technology risk management almost wholly depends on the time spent clarifying these policies; reducing resistance before driving change; and implementing a firm-wide cultural sea change where a security consciousness runs through enterprise DNA. Gen. Norman Schwarzkopf once said, “The more you sweat in peace, the less you bleed in war.” That suggests another BYOD: Bring Your Own Discipline. FCT
Endnotes http://www.consumerreports.org/cro/news/2014/09/ consumer-reports-tests-iphone-6-bendgate/index.htm 1
www.crittercism.com/blog/who-would-ever-crashapples-party/ 2
Sage U.S. SMB Survey on Mobile Devices 2014 Summary Report, http://na.sage.com/~/media/site/ sagena/documents/surveys/MobileSurvey_US 3
Ibid.
4
Allen, David (2001). Getting Things Done: The Art of Stress-Free Productivity. New York: Penguin Putnam. 5
Taming the Digital Dragon: The 2014 CIO Agenda, www. gartner.com 6
Michael Kridel is a lead principal with the forensic and investigative services practice of Rehmann Consulting in Boca Raton. His practice includes financial damages, contractual disputes, matrimonial and tax-controversy matters. He is a frequent speaker throughout the country, on various topics including Florida ethics, and has chaired and served on numerous FICPA committees and sections.
WEB digest
The New Revenue Recognition Standard
Build Your Implementation Plan Now
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By Kim Kushmerick, AICPA senior technical manager, accounting standards
he Financial Accounting Standards Board’s new revenue recognition standard presents the most significant accounting change many veteran CPAs have seen. The standard touches every entity (public and private, including not-for-profit entities) that reports under U.S. GAAP and will require CPAs to reexamine the underlying economics of large numbers of established business practices. The new standard applies to most transactions and contracts with customers except for leases, insurance contracts, most financial instruments and guarantees (other than product or service warranties). At first glance, the implementation period for Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, might seem adequate if not generous. Public companies, for which early adoption is not permitted, are required to adopt the standard in 2017 (for reporting periods beginning after Dec. 15, 2016). Private companies get an additional year, starting with 2018, for their annual reports – and two more years, beginning in 2019, to start applying the standard to interim reports. Private companies may choose to adopt the standard on the public company schedule. After further study, however, many organizations may find the implementation period extremely aggressive and the task daunting. There are many components to be analyzed and many questions to be answered: How will the standard affect operational and performance metrics? What information technology (IT) changes will be needed? How will you retrospectively adopt the standard? If a public company chooses full retrospective adoption, revenue and the direct effects of change in accounting principle to all contracts must be restated for 2015 and 2016 to show comparative financial statements with a cumulative adjustment as of Jan. 1, 2015. We encourage you to advise clients and employers to begin developing an implementation plan as soon as possible. The AICPA has organized a major effort – including industry work groups, training and organizational tools – to assist CPAs with this monumental implementation. FLORIDA CPA TODAY
You can use the following key tasks, based on the AICPA’s New Revenue Recognition Accounting Standard – Learning and Implementation Plan, as a high-level road map to begin your organization’s implementation. Task 1: Form a task force (20142015) Don’t wait to get all of the major players involved. The standard replaces most transaction- and industry-specific guidance with a principle-based approach. This makes it difficult – if not impossible – for CPAs to estimate the implementation effort required in a specific organization without first conducting a detailed assessment to use in developing a work plan. In all but the smallest private companies, this assessment will require substantial collaboration with most major business functions, including sales and marketing, IT, legal and human resources.
“Many organizations find the implementation period extremely aggressive and the task daunting.”
Task 2: Evaluate the impact (2014-2016) Evaluate the changes from current GAAP to the new revenue recognition standard and evaluate the impact on how your company accounts for existing revenue streams and the results to your company’s financial statements. Also evaluate how the standard will affect operational and performance metrics, company contracts, compensation plans, accounting policies, internal controls and tax matters. Work with your auditor to ensure that your approach to implementing the new revenue recognition standard, and any changes in accounting for revenue recognition, are documented completely and accurately. FCT
Kim Kushmerick is a senior technical manager for the AICPA Accounting Standards Team. She prepares comment letters and member communications related to revenue recognition; manages the AICPA Insurance Expert Panel and NAIC Task Force; and serves as a liaison with FASB, IASB, NAIC and SEC staff on insurance issues. To read this article in its entirety, visit the FICPA’s website at www.ficpa.org/FCT/Technical. www.ficpa.org
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STAFF
reports
Educational Foundation
Save the Dates
By Jason Zaborske, FICPA educational foundation development director
2015 Foundation Events
Consider year-end contributions to the Foundation
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hanks to FICPA members’ generous donations, the FICPA Educational Foundation provides more than $115,000 in scholarships to Florida accounting students each year. We hope you’ll consider the Foundation when making yearend contributions. Giving is easy, convenient and personalized. There are numerous ways to donate, including endowments, legacy
gifts, annual memberships and firm giving. The Foundation is listed as a registered charity with Fidelity Charitable, so you also can contribute through a donor-advised fund. If you’re considering a yearend contribution, please think about joining our growing list of members who have become Life Members ($500), Friends of the Foundation ($1,000) or Annual Members of the Foundation ($50).
New Members
The FICPA happily welcomes many new members throughout the year. To see a list of members who have recently joined, visit the FICPA website at www.ficpa.org/ meetnewmembers.
24 NOVEMBER/DECEMBER 2014
Donations may be made online and paid as one-time contributions or over a fiveyear period. Visit www.ficpa. org/WaystoGive to learn more about the giving option that works best for you. FCT For more information about Foundation membership or scholarship programs contact Jason Zaborske, FICPA educational foundation development director, at (850) 251-7274 or zaborskej@ficpa.org.
The Foundation holds fundraising events throughout the year. Please join us in 2015. 25th Anniversary 1040K Run – April 18, 2015 Suncoast Scramble Golf Tournament – May 1, 2015 Ocean Reef Family Retreat & Golf Tournament – July 30 to Aug. 2, 2015 Jeans for Scholarships – May 15 and Oct. 23, 2015 Michael Halfast, Region III Representative (left) presents a Foundation scholarship check to Jacob M. Duckett of Florida Gulf Coast University at a recent Southwest Florida Chapter student event.
Foundation Trustee Keith Jones presents a scholarship check to Anna Parish of the Florida State University Panama City Campus during a recent Miracle Strip Chapter meeting.
From FICPA staff reports
Governmental Affairs By Justin Thames, FICPA governmental affairs manager
KPC Program mobilizes for 2015 Session
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he votes have been cast, the commercials are off the air and the newly elected members of the Florida Legislature soon will be in Tallahassee to begin the business of the people. To move the profession’s agenda forward, the FICPA relies heavily on members’ personal relationships with their local elected officials. Members are our strongest advocates and can have the greatest impact on issues that could affect CPAs. The FICPA’s Key Person Contact (KPC) Program consists of members who have these relationships with elected officials, and renewing the program is important as our Governmental Affairs team prepares for the 2015 Session. As KPCs, FICPA members act as liaisons between the FICPA and state lawmakers, creating a line of communication to relay technical and general information about legislative issues. Please consider participating in this essential grassroots advocacy effort. FCT To learn more, visit www.ficpa.org/content/GovernmentalAffairs/KPC.aspx, or contact the Governmental Affairs Department at govaffairs@ficpa.org or (850) 224-2727, Ext. 202.
FLORIDA CPA TODAY
Rep. Janet Adkins visits the office of FICPA member Hank Hurst, CPA in Fernandina Beach.
www.ficpa.org
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NEWS
briefs
Choosing a health plan for 2015
Open enrollment begins Nov. 15
The 2015 national open-enrollment period for health insurance coverage is Nov. 15, 2014 through Feb. 15, 2015. During this period, insurance carriers offering coverage must guarantee acceptance into Affordable Care Act (ACA)compliant health insurance plans without limitations on pre-existing conditions. The CPA Insurance Marketplace offers competitive medical, dental, vision, life, disability, accident and wellness insurance from leading providers such as Blue Cross Blue Shield, Humana, Cigna, United Health One, Aetna and more. The Marketplace is an exclusive opportunity available to sole practitioners, individuals and members’ employees. Employer accounts with defined contribution tools also are available through the Marketplace. FCT For more information, visit www.memberbenefits.com/ficpa.
From FICPA staff reports
Hevia appointed to AICPA Auditing Standards Board FICPA member Dan Hevia of Gregory, Sharer & Stuart in St. Petersburg has been appointed to the AICPA Auditing Standards Board (ASB). The ASB is a senior technical committee for setting national auditing and quality-control standards for accounting firms. “We congratulate Dan on his appointment to this vital committee,” said FICPA President/CEO Deborah Curry, CPA, CGMA. “Florida’s new Dan Hevia, CPA peer-review requirement goes into Gregory, Sharer & Stuart effect Jan. 1 and Dan is well-known as the FICPA’s peer-review expert. His contributions to the ASB will be invaluable.” Hevia is the former chairman of the AICPA National Peer Review Board and has served on numerous AICPA technical committees. He is a member of the FICPA Accounting and Auditing and State Legislative Policy committees. He also has served on many of the Institute’s other committees and on its Board of Governors. FCT
Clements to direct Institute for Accounting Excellence
Peer review requirement begins Jan. 1 Florida’s peer review law requires firms that perform certain audit and attestation engagements under Florida Statutes 473.302(8)(a) to enroll in a Florida Board of Accountancy peer review program. The requirement takes effect Jan. 1, 2015. Firms that are not already enrolled in the AICPA Peer Review Program need to enroll in an approved program beginning Jan. 1. To do so, firms may visit www.ficpa.org/content/Members/ PeerReview.aspx and complete the FICPA Peer Review Program Enrollment Form under Enrollment Requirements. FCT More information about regulatory requirements is available under Peer Review Regulation. 26 NOVEMBER/DECEMBER 2014
FICPA member Dr. Lynn Clements, CPA will serve as director of the new Institute for Accounting Excellence at the Barney Barnett School of Business and Free Enterprise at Florida Southern College. The Institute will oversee all components of the accounting program in the Barnett School. Clements is the Dorotha C. Tanner Professor of Ethics in Business and Economics.
Dr. Lynn Clements, CPA Florida Southern College
“We’re so pleased that Lynn will be directing the new Institute at Florida Southern,” said FICPA President/ CEO Deborah Curry, CPA, CGMA. “The role of CPAeducators in cultivating future generations of CPAs speaks to the importance of our profession. Lynn has been instrumental to our organization’s success and we wish her much luck in her new role.” FCT
Florida Trend names member-firms Best Companies to Work For Florida Trend has named nine FICPA member-firms among Florida’s Best Companies to Work For. The sixth annual list includes 100 small, medium and large companies throughout the state. Here are the winning FICPA member-firms and their rankings. For a complete list of the Florida’s Best Companies to Work For, visit www.floridatrend.com/best-companies or see the August 2014 issue of Florida Trend. FCT Large companies (250 or more employees) 22) BDO USA 28) CBIZ MHM Midsized companies (50 to 249 employees) 3) Cross, Fernandez & Riley, LLP 14) Gregory, Sharer & Stuart CPAs 23) Averett Warmus Durkee 24) Berkowitz Dick Pollack & Brant Small companies (15 to 49 employees) 4) Markham Norton Mosteller Wright & Co. 6) Ennis, Pellum & Associates CPAs 29) Myers, Brettholtz & Company, PA
FLORIDA CPA TODAY
www.ficpa.org
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C PA s I N
the spotlight
Transitions
Lehigh Acres: Michael Willis has joined the staff as director of finance for the United Way of Lee, Hendry, Glades and Okeechobee.
Boca Raton: Grau & Associates announce that Racquel McIntosh has been promoted to the position of audit partner. Kurt Alter
Samuel Bordner
Coconut Creek: Parks & Company LLC has moved their offices to 6810 Lyons Technology Parkway, Suite 130. Coral Gables: Alberni Caballero & Company LLP announces that Andrew S. Fierman will be named partner of the firm, and the firm name will change to Alberni, Caballero and Fierman LLP. Florida Offices: James Moore welcomes Kathleen Juezan to the firm as a staff accountant. Fort Lauderdale: Anthony Brunson PA has opened a solo practice at 333 Las Olas Way, CU 4. He also has an office at 801 Brickell Ave., Suite 900 in Miami.
Emily Cornaire
Fort Lauderdale: Kunin Associates announces its merger with Atlantic Partners. Fort Myers: HBK announces the promotion of Michael DeLuca to senior manager.
Mary Caroline Harrell
Barry E. Mukamal
Islamorada: Pribramsky & Company CPAs announces that James D. Grainger has joined the firm as director of quality control and review. Jacksonville: The LBA Group announces that Mary Caroline Harrell has been promoted to tax director of personal and not-for-profits. In the firm’s tax and business services department, Emily Cornaire has been promoted to senior manager and Tina Dryden to senior tax accountant.
Miami: Berkowitz Pollack Brant Advisors and Accountants has promoted J. Steven Nouss to director in the business services and consulting practice. Miami: Morrison, Brown, Argiz & Farra, LLC has named Miguel Farra chairman of the tax and accounting department and David P. Rosenbaum has joined the firm as a principal in the department. Emilio Escandon has been named principal-in-charge, tax and accounting national operation; Deborah Ladron de Guevara has been promoted to director in the audit department; and Hernando Gomez has been promoted to director in the management advisory services department. Naples: HBK announces that Edee Adams, Amy Dalen and Kevin Deardorff have been promoted to the position of senior manager and Benjamin Buemi has been promoted to senior accountant.
For more news about members and other Florida CPAs, visit CPAs in the Spotlight at www.ficpa.org/Content/News/Spotlight.aspx.
Tina Dryden
28 NOVEMBER/DECEMBER 2014
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 On the Move can be emailed to communications@ficpa.org.
Orlando: Moore Stephens Lovelace announces that Ehab Azer and Nate Davenport have been promoted to the position of audit manager and Steven Thompson has been promoted to audit senior. Plantation: Howard Wacks joined the practice of Edward A. Wacks of Ameriprise Financial Services Inc. Sarasota: Kerkering, Barberio & Co. announces that Dan Harris has been promoted from supervisor to manager and Jessica Jensen has progressed from intern to staff accountant. Tallahassee: Thomas Howell Ferguson PA congratulates Chris Howell on his recent promotion to director, assurance services and welcomes Stephen Andrews and Myles Rankin to the tax services department. Tampa: Thomas Howell Ferguson PA welcomes Chris Bane and Alfredo Ernst to the audit services department.
Who’s News Kurt Alter of Moore Stephens Lovelace in Orlando has been appointed to the Seminole State College Foundation Board of Directors. Samuel Bordner of Stroemer & Company in Fort Myers passed the fourth and final section of the Uniform CPA Exam. He passed all four sections on his first try. Steve Brettholtz of Myers, Brettholtz & Company PA in Fort Myers has been elected to the Southwest Florida Symphony Board of Trustees.
FLORIDA CPA TODAY
Lynn Britt of Britt & Company PA in Fort Lauderdale recently received the American Woman’s Society of CPAs National Public Service Award. Additionally, The Florida Bar Family Law Section recognized her for her work during the 2014 Legislative Session. Maria Figueroa Byrd of Byrd Martinez in Miami recently was welcomed as president of the Junior League of Miami. Julian Dozier of Thomas Howell Ferguson PA in Tallahassee has been chosen as one of 38 young CPAs to participate in the AICPA’s sixth annual Leadership Academy in Durham, N.C. this fall. Dewey Harris of Harris Miller & Berhardt PA in Merritt Island was reappointed to the Eastern Florida State College District Board of Trustees by Gov. Rick Scott. Inside Public Accounting named these Miami FICPA member-firms among its 2014 Best of the Best 100 Firms: Morrison, Brown, Argiz & Farra, LLC, No. 40; Kaufman Rossin Group, No. 52; and Berkowitz Pollack Brant Advisors and Accountants, No. 85. Inside Public Accounting named these FICPA member-firms among its 2014 Best of the Best 200 Firms: Kerkering Barberio & Co. in Sarasota, No. 174; Daszkal Bolton LLP in Boca Raton, No. 183; James Moore & Co. PL in Gainesville, No. 187; and Saltmarsh Cleaveland & Gund in Pensacola, No. 195. James Moore announces that the firm is celebrating its 50th anniversary by giving back to three non-profit organizations– disAbility Solutions for Independent Living Inc. in Daytona Beach; the High School High Tech
Program in Gainesville; and the Access to Independence Program in Tallahassee. The firm also received the Daytona Beach News-Journal’s 2014 Reader’s Choice Award for Best Accounting Firm. Moore Stephens Lovelace in Orlando hosted the 12th Annual Ray Bolt Classic Golf Tournament at Celebration Golf Club. Barry E. Mukamal of KapilaMukamal LLP in Miami has been designated a certified insolvency and restructuring advisor by the Association of Insolvency & Restructuring Advisors. Brian Nemeroff of Berman Hopkins Wright and LaHam in West Melbourne was appointed to the Brevard County Housing Authority by Gov. Rick Scott. Manuel E. Pravia of Morrison, Brown, Argiz & Farra, LLC in Miami was named a director of the Alpha Kappa Psi Foundation. Matt Reynell of Kerkering, Barberio & Co. in Sarasota has obtained the Certified Management Accountant credential by the Institute of Management Accountants. Stroemer & Company ranked No. 17 on the South Florida Business Journal’s list of the region’s top accounting firms by South Florida billings. Kelly Talamo of Myers, Brettholtz & Company PA in Fort Myers earned her Certified Senior Advisor ® certification. Chris Wailand of Kerkering, Barberio & Co. in Sarasota has been selected to participate in the 2014-2015 Leadership Sarasota County Program. FCT
www.ficpa.org
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MARKET
place
Positions Available Kendall-area CPA firm is seeking to hire a tax manager(s) CPA 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 F PA 11 12 14. Jacksonville-area established firm seeks experienced CPA w/5-8 yrs recent public accounting exp. Must have exp preparing & reviewing individual, corporate & partnership returns as well as reviewed & audited financial statements. Also must have great people skills & ability to work w/a team. Exp w/
construction accounting & taxes a plus. This position has partnership potential for the right candidate. We offer competitive salary & benefits. Email resume & cover letter to caldav@bellsouth.net. CPA part-time – Growing Umatillabased nonprofit seeks part-time CPA experienced in developing policy & internal controls, prep of financial statements for independent audit for 6 affiliated organizations & staff training. Knowledge of ASC 958 & 990 issues. Compensation commensurate w/exp. Availability & resume to jenny@floridaelks.org. Audit Manager – Broward CPA firm looking for audit manager w/ recent audit experiences w/CIRAs/
nonprofit industry. Responsibilities for the full scope of the CIRA audit engagement, planning to completion. Future affiliation & partnership. Email resume to erina. master@masterandcompanypa. com. Controller – This is an excellent opportunity for an individual desiring no more than 25-30 hours weekly w/a stable, successful professional sports association in the Lake Worth/Wellington area. Hours are flexible. This position manages 3 full-time accounting personnel & reports directly to the CFO. Responsibilities include preparing financial statements & analysis for four entities, managing the month-end closing process, the daily accounting routine & as a
For complete classified policies, visit www.ficpa.org/Content/CPAResources/ClassifiedsJobs/Classifieds.aspx. 30 NOVEMBER/DECEMBER 2014
liaison w/our public accountants. Strong accounting/analytical skills & the ability to effectively manage staff & process improvements in the accounting system essential. Requirements include a bachelor’s in accounting & 5+ yrs accounting exp ideally w/a mix of public/ private exp. Big 4 exp highly desired. Exp in accounting software such as Sage, Peachtree or Great Plains essential. Strong Excel skills. CPA or CMA required. If interested, please send your resume & cover letter to hr.sports.uspa@gmail.com. USF Foundation seeks a parttime internal auditor. Duties – enterprise risk assessment/audit planning; compliance, operational & consulting projects; Audit Committee report preparation; assist w/external audit. Min qualifications – CPA plus 3 yrs exp in external or internal audit. Non-profit exp preferred, but not required. Hourly rate negotiable. Send resume to Melanie Jackson, USF Foundation, 4202 E. Fowler Ave., ALC100, Tampa, FL 33620; phone (813) 974-1801; fax (813) 974-6167; mmjackson@usf.edu.
bookkeeping, compilations, reviews & income tax returns; assist clients & staff; work directly w/clients & partners as needed; perform tax research & provide administrative assistance for firm activities as needed. Email resume to info@ jameswalkercpa.com. LKD, a progressive Jupiter CPA firm (that currently employs 30 people), is looking for professionals at the senior & supervisor levels for the tax department. We have a diverse & exciting client base representing many different industries, providing interesting challenges to the qualified candidate. The firm provides exceptional fringe benefits, including a 40-hour work week (outside of tax season) that ends at noon on Friday. Email resume to marcyd@lkdcpa.com.
Boca Raton CPA firm looking to hire a tax accountant (CPA preferred) w/3+ yrs of exp doing write-up work & preparation of individual & corp tax returns. Also looking for a practitioner w/a book of clients to join/share ofc space w/eye toward future affiliation & partnership. All candidates must have strong tax exp & great computer skills. Email resume & cover letter to mike@huckinscpa. com.
Positions Wanted Florida CPA w/corporate taxation & partnership tax exp looking for opportunity at local CPA firm for tax projects. Also experienced in individual taxation, provision for income taxes & tax research. Looking for part-time projects of 2030 hours a week. Please contact me directly at (305) 321-6578. ➡ Pg. 32
James W. Walker, P.A. in Naples, a small CPA firm w/a diverse tax, auditing & accounting practice, has the following position(s) available: Tax Preparer/Supervisor – Established tax accounting firm has an excellent growth opportunity for a tax preparer/supervisor (seasonal/ part-time/full-time/per diem) who has a min of 4 or more yrs of tax exp. The qualified individual will be responsible for preparing & reviewing bookkeeping services, corporate, partnership, LLC, individual, trust & estates & nonprofit tax returns. This person will supervise & review staff in preparing year-end FLORIDA CPA TODAY
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➡ Continued from Pg. 31 Office Space Dadeland-area CPA has ofcs & cubicles available for lease in CPAs 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.
Practices Wanted for Purchase or Merger 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. Growing South Florida CPA firm looking to purchase a practice from a retirement-minded CPA in Dade or Broward counties. Favorable purchase terms offered w/continuing employment opportunities available. Please contact Jeffrey Taraboulos at info@ ksdt-cpa.com or (305) 670-3370.
Well-established South MiamiDade CPA firm looking to purchase practice from a retirement-minded CPA in Miami-Dade County. Favorable purchase terms & continuing employment for as long as desired. Please contact Larry Nones at larry@jnccpas.com or at (305) 274-1200. Broward County (Margate) CPA firm seeking merger partner. Sole practitioner retiring in 3 yrs. 2013 collections $420K, 3 full-time staff. Own ofc in new business park, 2,000 sq. ft. Call (954) 7011007 if interested.
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) 2770272. Visit our website at www. ProfessionalCPAbroker.com.
Practices Wanted. Cash Buyers Waiting. List your practice w/U.S.A.’s No. 1 Accounting Brokerage Firm. No upfront fees. Recent references available. Selling practices in Florida for over 30+ years. Practices Available including Naples area $800,000+; Gainesville area $650,000+; Port Charlotte area $300,000+; Miami Lakes $575,000+; Orlando $350,000; Palm Beach Gardens $650,000; North Tampa $135,000+; St Pete area $900,000+; many others. Contact Erwin Rosenblatt at (561) 666-6737 or Leon Faris, CPA at (800) 729-9031 w/Professional Accounting Sales, or visit our website at www.cpasales.com.
Florida’s oldest & largest M&A firm representing CPAs exclusively. The long-term success of our transactions (100s), each w/ uniquely structured terms, is our claim to fame. Strategic Alliance Advisors, Inc.’s expertise & exp can be found at www.4mergers.com or call (954) 536-1269. Revenue of practices currently for sale – Orlando Metro area; $1.2m, Lake Mary; $345K, Boynton Beach; $330K, Hollywood; $1.1m, Fort Myers; $265k; Boca Raton, $300K; North Broward $900K merger or acquisition. 32 NOVEMBER/DECEMBER 2014
Bay County, NW Florida 55% tax, 32% accounting, 13% payroll of $155k gross 2013. Varied client base, all small businesses gross $2m or less. Excellent location on major beach route. Owner open to merger or transitional employment for client retention. Please respond to reply@ ficpa.org and reference file number B FS 11 12 14. Boynton Beach CPA firm for sale. Turnkey practice, 2 yrs old, excellent growth prospects, strategic location, new corporate ofc space, new housing & business communities. For more information, email roy. harrypersad@comcast.net. Well-established North Florida firm seeks partner/future owner. Growing toward $300k. Currently one professional & 2 staff. Must be fully trained in business & individual tax-return preparation. Owner desires to retire soon. Located in small community, relocation required. Respond to reply@ficpa. org and reference file number C FS 11 12 14.
Miscellaneous Excel Expert – CPA seeks consulting engagements. Add a professional dimension to your spreadsheets & client work. Pivot tables, scroll bars, spinners, conditional rormatting, forecasts/ projections, analytics, regression, more! Custom, NASBA-approved, in-house training on any Excel topic. Very reasonable rates – free estimates. Joe Weil, CPA. jw@ nccetraining.com. (850) 575-8331.
FLORIDA CPA TODAY
A
THE FICPA PRESENTS IN ASSOCIATION WITH FLORIDA CPAS CPE PRODUCTION WITH UP TO 40 CPE CREDIT HOURS STARRING YOUR REQUIREMENTS SHOWING IN ORLANDO AT THE WALT DISNEY WORLD SWAN AND DOLPHIN RESORT
Access Florida CPA Today Archives Online For your convenience, Florida CPA Today articles from 1997-present are posted on the FICPA’s website at www.ficpa.org/Content/Members/Tools/Publications/ FCT/Archives.aspx. The archives provide a variety of previously published information, including technical articles written by member CPAs, legislative updates, DOR and IRS updates and much more.
www.ficpa.org
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DOR update By David Young, revenue program administrator
DOR Goes Mobile With FL Tax App
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he Florida Department of Revenue’s General Tax Administration Program has developed its first mobile app, FL Tax. Taxpayers now can check a resale or exemption certificate from their phones or tablets.
For information
The new mobile app allows users to store their resale certificate number; verify a customer’s certificate number; store a history record that includes customer names, certificate numbers, dates and times verified, verification responses and transaction authorization codes; and email a history report for recordkeeping.
app, including
Future plans for the app include features such as a tax-rate lookup, DR-15MO (Out of State Purchase Return) filing, mobile tax payments and more. The app is available in the Apple App, Google Play and the Windows Phone stores. For information about the new app, including user guidelines and contacts for assistance, visit www.myflorida.com/dor/mobile. FCT For more information, contact David Young at youngda@dor.state.fl.us. 34 NOVEMBER/DECEMBER 2014
about the new
user guidelines and contacts for assistance, visit www.myflorida. com/dor/mobile.
SEMINARS
Contents Seminars................................... 36 Boca Raton............................. 36 Cocoa Beach.......................... 36 Coral Gables........................... 37 Ft. Lauderdale........................ 37 Ft. Pierce................................ 42 Ft. Myers................................ 42 Jacksonville............................ 42 Miami..................................... 43 Orlando.................................. 44 Sarasota................................. 45 Tallahassee............................ 45 Tampa.................................... 45
Tax/PFP..................................... 39 Ethics........................................ 39 Value-Priced Seminars............. 40 LearnLinx Online CPE............... 48 Conferences ............................. 50
Cocoa Beach
A&A
TAX
Audit and Accounting Guide for State and Local Governments Date: Dec. 2, 2014 CPE Credit: 8 AA Course Number: AUSL00 Location: Embassy Suites Boca Raton Instructor: Bruce Shepard Early Bird Price*: $280 • Regular Price: $335
Recognizing and Responding to Fraud Risk in Governmental and Not-forProfit Organizations Date: Dec. 3, 2014 CPE Credit: 8 AA Course Number: FRGNP05 Location: Embassy Suites Boca Raton Instructor: Bruce Shepard Early Bird Price*: $280 • Regular Price: $335
TAX
West Palm Beach.................... 47 A&A........................................... 38
Boca Raton
The Best S Corporation, Limited Liability and Partnership Update Course By Surgent
The Best Federal Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 1, 2014 CPE Credit: 8 TB Course Number: BFTU05 Location: International Palms Resort & Conference Center Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
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Date: Nov. 13, 2014 CPE Credit: 8 TB Course Number: BCPE00 Location: Embassy Suites Boca Raton Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
The Best Individual Income Tax Update Course By Surgent
PRICING RULES:
**Value-Priced Seminar
*Registering more than 10 days before the course date to receive the Early Bird Price ($55 off the regular registration fee). Nonmembers of FICPA are welcome to attend but are required to pay an additional $125 per full day of instruction or $65 per half day of instruction.
Date: Nov. 14, 2014 CPE Credit: 8 TB Course Number: BITU00 Location: Embassy Suites Boca Raton Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
For complete CPE policies, visit www.ficpa.org/policies
>A&A = Accounting & Auditing
36 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
Search for a course today by date range, credit type, location, course type, field of study, knowledge level and instructor. Find what you need quickly and easily at www.ficpa.org/Catalog.
>BIZTECH = Business Technology
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Coral Gables ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980) Date: Dec. 11, 2014 CPE Credit: 4 ETH Course Number: ETH90 Location: Holiday Inn Coral Gables Instructor: Irving Uncyk Early Bird Price*: $99 • Regular Price: $154
Ft. Lauderdale A&A The New Reporting Option: A Framework for Small and Medium-Sized Entities Date: Nov. 13, 2014 CPE Credit: 8 AA Course Number: SMES00 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Melissa G. Critcher Early Bird Price*: $290 • Regular Price: $345
OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements Date: Nov. 14, 2014 CPE Credit: 8 AA Course Number: CMCT00 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Melissa G. Critcher Early Bird Price*: $290 • Regular Price: $345
Revenue Recognition: Getting the New Standard Right Date: Nov. 20, 2014 CPE Credit: 8 AA Course Number: RRNS05 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Morris I Hollander Early Bird Price*: $280 • Regular Price: $335
>GOV/NFP = Government/Not-For-Profit
Annual Accounting and Auditing Update **Value-Priced Seminar
Date: Nov. 21, 2014 CPE Credit: 8 AA Course Number: ACAU75 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Cecil Patterson Early Bird Price*: $200 • Regular Price: $255
>TAX/PFP = Tax/Personal Financial Planning
To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.
Get Ready for Peer Review: Upcoming Peer Review - Is Your Firm Ready? Date: Dec. 2, 2014 CPE Credit: 8 AA Course Number: SNPR00 Location: Renaissance Ft. Lauderdale Cruise Port Hotel Instructor: Robert Bezgin Early Bird Price*: $280 • Regular Price: $335 Ft. Lauderdale continued on pg. 41
>VFALS = Valuation, Forensic Accounting & Litigation Services www.ficpa.org
37
A&A COURSES Florida Institute of CPAs A&A Courses Date
Course Number
City
Title
Nov. 12
FEFFT00
Tampa
Identifying Fraudulent Financial Transactions
Nov. 13 SMES00 Ft. Lauderdale
The New Reporting Option: A Framework for Small and Medium-Sized Entities
Nov. 14
OMB A-133 From A to Z
A13310
Tampa
Nov. 14 CMCT00 Ft. Lauderdale
OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements
Nov. 19
RRNS00
Orlando
Revenue Recognition: Getting the New Standard Right
Nov. 20
RRNS05
Ft. Lauderdale
Revenue Recognition: Getting the New Standard Right
Nov. 21
COMP410
Orlando
Compilation and Review: Issues and Updates (4 Hour)
Nov. 24 SMES05 Orlando
The New Reporting Option: A Framework for Small and Medium-Sized Entities
Nov. 25 FOAC00 Orlando
Forensic Accounting: A Comprehensive Guide to Conducting Financial Fraud Investigations
Dec. 2
Audit and Accounting Guide for State and Local Governments
AUSL00
Boca Raton
Dec. 2 SNPR00 Ft. Lauderdale
Get Ready for Peer Review: Upcoming Peer Review - Is Your Firm Ready?
Dec. 3 FRGNP05 Boca Raton
Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations
Dec. 4 CHAI05 Ft. Lauderdale
Condos and HOAs: Advanced Accounting, Auditing and Other Issues
Dec. 4
FEFFT05
West Palm Beach
Identifying Fraudulent Financial Transactions
Dec. 8
TTFS00
Ft. Lauderdale
Fraud Update: Detecting & Preventing the Top Ten Fraud Schemes
Dec. 8 INRR400 Ft. Myers
Interpreting the New Revenue Recognition Standard: What All CPAs Need To Know (4 Hours)
Dec. 8 FCFS400 Ft. Myers
Statement of Cash Flows: Preparation, Presentation, and Use (4 Hour)
Dec. 9
Internal Control Best Practices for Small and Medium Sized Entities
ICSM05
Ft. Lauderdale
Dec. 9 INRR405 Tampa
Interpreting the New Revenue Recognition Standard: What All CPAs Need To Know (4 Hours)
Dec. 9 FCFS405 Tampa
Statement of Cash Flows: Preparation, Presentation, and Use (4 Hour)
Dec. 11 CMCT05 Tampa
OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements
Dec. 12 SMES10 Tampa
The New Reporting Option: A Framework for Small and Medium Sized Entities
Dec. 12
IDENT10
Sarasota
Preventing and Detecting Identity Theft
Dec. 17
FAIP15
Ft. Myers
Forensic Accounting Investigative Practices
Dec. 17
FNFP405
Tallahassee
Frequent Frauds Found in Not-for-Profits (4 Hour)
Dec. 17
FGOV405
Tallahassee
Frequent Frauds Found in Government (4 Hour)
>A&A = Accounting & Auditing
38 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
>BIZTECH = Business Technology
Of Course!
TA X / P F P C O U R S E S Florida Institute of CPAs Tax/PFP Courses Date
Course Number
City
Title
Nov. 6
CYCT00
Miami
Cut Your Clients Tax Bill: Individual Tax Planning Tips and Strategies
Nov. 11
CYCT05
West Palm Beach
Cut Your Clients Tax Bill: Individual Tax Planning Tips and Strategies
Nov. 10 HMBI00 Tampa
Surgent’s Handbook for Mastering Basis, Distributions, and Loss Limitations Issues for S Corporations, LLCs and Partnerships
Nov. 11 RUSA00 Tampa
Reading, Understanding, and Structuring LLC and Partnership Agreements from a CPA’s Perspective
Nov. 17
Surgent’s Federal Tax Camp
SATC00
Tampa
Nov. 21 PLPS00 Orlando
The Complete Guide to Preparing LLC, Partnership, and S Corporation Federal Income Tax Returns
Dec. 1
FIRP05
Miami
Foreign Investment in the United States: Tax and Related Matters
Dec. 2
CBES00
West Palm Beach
Choosing the Best Entity Structure Under the Tax Law in 2014
Dec. 2
EGTNR00
Miami
Estate and Gift Taxation of Nonresident Aliens in the United States
Dec. 3
SATC05
Ft. Lauderdale
Surgent’s Federal Tax Camp
Dec. 4 BADI00 Orlando
Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
Dec. 5 BADI05 West Palm Beach
Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
Dec. 17
Choosing the Best Entity Structure Under the Tax Law in 2014
CBES05
Tampa
Jan. 5 NFFI00 Ft. Lauderdale
Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and Other Critical Developments
ETHICS COURSES Florida Institute of CPAs Ethics Courses Date
Course Number
City
Title
Nov. 21
ETH80
Orlando
Ethics: Protecting the Integrity of Florida CPAs (4980)
Dec. 10
ETH85
Ft. Lauderdale
Ethics: Protecting the Integrity of Florida CPAs (4980)
Dec. 11
ETH90
Coral Gables
Ethics: Protecting the Integrity of Florida CPAs (4980)
Visit www.ficpa.org/valuepriced to review our extensive online CPE catalog. >GOV/NFP = Government/Not-For-Profit
>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
39
Quality Courses for Cost-Conscious Professionals Get exceptional value from our Value-Priced CPE line. These streamlined, highquality courses enable you to gain essential knowledge and skills at a lower price — our most popular courses, taught by our best educators, in modest facilities that are conveniently located around Florida. We may not serve you lunch, but we’ll serve you valuable CPE at great savings. Annual Accounting & Auditing Update 8 Accounting and Auditing hours Nov. 20 Nov. 21 Dec. 3
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The Best S Corporation, Limited Liability and Partnership Update Course 8 Technical Business hours Nov. 13 Dec. 4 Dec. 11 Dec. 18
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Boca Raton Miami Jacksonville Tampa
Compilation and Review: Updates and Advanced Considerations 8 Accounting and Auditing hours Dec. 11 COMP30 Sarasota Dec. 12 COMP35 Ft. Lauderdale Governmental and Not-for-Profit Annual Update 8 Accounting and Auditing hours Nov. 13 GNAA05 Tampa
Visit www.ficpa.org/valuepriced to review our extensive online CPE catalog. >A&A = Accounting & Auditing
40 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
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Ft. Lauderdale continued from pg. 37
Condos and HOAs: Advanced Accounting, Auditing and Other Issues Date: Dec. 4, 2014 CPE Credit: 8 AA Course Number: CHAI05 Location: Renaissance Ft. Lauderdale Cruise Port Hotel Instructor: Cecil Patterson Early Bird Price*: $280 • Regular Price: $335
**Value-Priced Seminar
Date: Dec. 12, 2014 CPE Credit: 8 AA Course Number: COMP35 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Cecil Patterson Early Bird Price*: $200 • Regular Price: $255
Fraud Update: Detecting & Preventing the Top Ten Fraud Schemes Date: Dec. 8, 2014 CPE Credit: 8 AA Course Number: TTFS00 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Jerry Spratt Early Bird Price*: $280 • Regular Price: $335
Internal Control Best Practices for Small and Medium-Sized Entities Date: Dec. 9, 2014 CPE Credit: 8 AA Course Number: ICSM05 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Jerry Spratt Early Bird Price*: $280 • Regular Price: $335
>GOV/NFP = Government/Not-For-Profit
Compilation and Review: Issues and Updates
ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980) Date: Dec. 10, 2014 CPE Credit: 4 ETH Course Number: ETH85 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Michael S. Kridel Early Bird Price*: $99 • Regular Price: $154
TAX Surgent’s Federal Tax Camp
Location: Renaissance Ft. Lauderdale Cruise Port Hotel Instructor: John Surgent Early Bird Price*: $290 • Regular Price: $345
The Best Federal Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 11, 2014 CPE Credit: 8 TB Course Number: BFTU15 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and Other Critical Developments Date: Jan. 5, 2015 CPE Credit: 8 TB Course Number: NFFI00 Location: Hilton Garden Inn Ft. Lauderdale AirportCruise Port Instructor: Jonathan S. Ingber Early Bird Price*: $290 • Regular Price: $345
Date: Dec. 3, 2014 CPE Credit: 8 TB Course Number: SATC05
>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
41
Statement of Cash Flows: Preparation, Presentation, and Use (4 Hour) Date: Dec. 8, 2014 CPE Credit: 4 AA Course Number: FCFS400 Location: Holiday Inn Fort Myers Airport Instructor: Christopher Rouse Early Bird Price*: $160 • Regular Price: $215
Forensic Accounting Investigative Practices Date: Dec. 17, 2014 CPE Credit: 8 AA Course Number: FAIP15 Location: Holiday Inn Fort Myers Airport Instructor: Robert W. J.D. Walter Early Bird Price*: $280 • Regular Price: $335
TAX The Best Federal Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 16, 2014 CPE Credit: 8 TB Course Number: BFTU25 Location: Holiday Inn Fort Myers Airport Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Jacksonville TAX The Best S Corporation, Limited Liability and Partnership Update Course By Surgent **Value-Priced Seminar
Ft. Pierce
Ft. Myers
TAX
A&A
Date: Dec. 11, 2014 CPE Credit: 8 TB Course Number: BCPE10 Location: UNF University Center Instructor: Patrick Deo Early Bird Price*: $200 • Regular Price: $255
The Best Federal Tax Update Course By Surgent **Value-Priced Seminar
Interpreting the New Revenue Recognition Standard: What All CPAs Need To Know (4 Hours)
Date: Nov. 12, 2014 CPE Credit: 8 TB Course Number: BFTU00 Location: Holiday Inn Port St. Lucie Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Date: Dec. 8, 2014 CPE Credit: 4 AA Course Number: INRR400 Location: Holiday Inn Fort Myers Airport Instructor: Christopher Rouse Early Bird Price*: $160 • Regular Price: $215
>A&A = Accounting & Auditing
42 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
The Best Individual Income Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 12, 2014 CPE Credit: 8 TB Course Number: BITU10 Location: UNF University Center Instructor: Patrick Deo Early Bird Price*: $200 • Regular Price: $255
>BIZTECH = Business Technology
Of Course!
Miami A&A Annual Accounting and Auditing Update **Value-Priced Seminar
Date: Dec. 3, 2014 CPE Credit: 8 AA Course Number: ACAU80 Location: Hilton Garden Inn Miami Airport West Instructor: Cecil Patterson Early Bird Price*: $200 • Regular Price: $255
TAX Cut Your Clients Tax Bill: Individual Tax Planning Tips and Strategies Date: Nov. 6, 2014 CPE Credit: 8 TB Course Number: CYCT00 Location: Holiday Inn Miami International Airport Instructor: Robert R. Thelen Early Bird Price*: $280 • Regular Price: $335
Foreign Investment in the United States: Tax and Related Matters Date: Dec. 1, 2014 CPE Credit: 8 TB Course Number: FIRP05 Location: Hilton Garden Inn Miami Airport West Instructor: Michael Rosenberg Early Bird Price*: $280 • Regular Price: $335
Estate and Gift Taxation of Nonresident Aliens in the United States Date: Dec. 2, 2014 CPE Credit: 8 TB Course Number: EGTNR00 Location: Hilton Garden Inn Miami Airport West Instructor: Michael Rosenberg Early Bird Price*: $280 • Regular Price: $335
The Best S Corporation, Limited Liability and Partnership Update Course By Surgent **Value-Priced Seminar
Date: Dec. 4, 2014 CPE Credit: 8 TB Course Number: BCPE05 Location: Hilton Garden Inn Miami Airport West Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
>GOV/NFP = Government/Not-For-Profit
>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
43
Taking One of These Four-Hour Courses? Add the paired four-hour course and get 8 hours of CPE for $249. It’s that easy! Look for the “Take Two” icon on select pairings.
Date: Dec. 5, 2014 CPE Credit: 8 TB Course Number: BITU05 Location: Hilton Garden Inn Miami Airport West Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Orlando A&A Revenue Recognition: Getting the New Standard Right Date: Nov. 19, 2014 CPE Credit: 8 AA Course Number: RRNS00 Location: Rosen College of Hospitality Instructor: Morris I. Hollander Early Bird Price*: $280 • Regular Price: $335
Annual Accounting and Auditing Update
Date: Nov. 21, 2014 CPE Credit: 4 AA Course Number: COMP410 Location: Rosen College of Hospitality Instructor: Cecil Patterson Early Bird Price*: $150 • Regular Price: $205
The New Reporting Option: A Framework for Small and MediumSized Entities
Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
The Best Federal Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 12, 2014 CPE Credit: 8 TB Course Number: BFTU20 Location: Rosen College of Hospitality Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Forensic Accounting: A Comprehensive Guide to Conducting Financial Fraud Investigations Date: Nov. 25, 2014 CPE Credit: 8 AA Course Number: FOAC00 Location: Rosen College of Hospitality Instructor: Jeffrey Lieman Early Bird Price*: $290 • Regular Price: $345
ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980) Date: Nov. 21, 2014 CPE Credit: 4 ETH Course Number: ETH80 Location: Rosen College of Hospitality Instructor: Cecil Patterson Early Bird Price*: $99 • Regular Price: $154
>A&A = Accounting & Auditing
44 NOVEMBER/DECEMBER 2014
Date: Nov. 11, 2014 CPE Credit: 8 TB Course Number: PLPS00 Location: Rosen College of Hospitality Instructor: James A. Vastarelli Early Bird Price*: $290 • Regular Price: $345
Date: Nov. 24, 2014 CPE Credit: 8 AA Course Number: SMES05 Location: Rosen College of Hospitality Instructor: Jeffrey Lieman Early Bird Price*: $290 • Regular Price: $345
**Value-Priced Seminar
Date: Nov. 20, 2014 CPE Credit: 8 AA Course Number: ACAU70 Location: Rosen College of Hospitality Instructor: Cecil Patterson Early Bird Price*: $200 • Regular Price: $255
The Complete Guide to Preparing LLC, Partnership, and S Corporation Federal Income Tax Returns
Date: Dec. 4, 2014 CPE Credit: 8 TB Course Number: BADI00 Location: Rosen College of Hospitality Instructor: Joseph A. Sanford Early Bird Price*: $280 • Regular Price: $335
The Best Individual Income Tax Update Compilation and Review: Issues Course By Surgent and Updates (4 Hour) **Value-Priced Seminar
TAX
>Industry = Business & Industry
>BIZTECH = Business Technology
Of Course!
Sarasota A&A Compilation and Review: Issues and Updates **Value-Priced Seminar
Date: Dec. 11, 2014 CPE Credit: 8 AA Course Number: COMP30 Location: Holiday Inn Lakewood Ranch Instructor: Cecil Patterson Early Bird Price*: $200 • Regular Price: $255
Preventing and Detecting Identity Theft Date: Dec. 12, 2014 CPE Credit: 8 AA Course Number: IDENT10 Location: Holiday Inn Lakewood Ranch Instructor: Jerry Spratt Early Bird Price*: $280 • Regular Price: $335
Interpreting the New Revenue Recognition Standard: What All CPAs Need To Know (4 Hours)
Tampa A&A
Tallahassee
Identifying Fraudulent Financial Transactions Date: Nov. 12, 2014 CPE Credit: 8 AA Course Number: FEFFT00 Location: Tampa Law Center Instructor: Robert Minniti Early Bird Price*: $280 • Regular Price: $335
A&A Frequent Frauds Found in Not-forProfits (4 Hour) Date: Dec. 17, 2014 CPE Credit: 4 AA Course Number: FNFP405 Location: Tallahassee Community College Instructor: Lynda M. Dennis Early Bird Price*: $160 • Regular Price: $215
Latest Developments in Government and Nonprofit Accounting and Auditing 2014 **Value-Priced Seminar
Frequent Frauds Found in Government (4 Hour) Date: Dec. 17, 2014 CPE Credit: 4 AA Course Number: FGOV405 Location: Tallahassee Community College Instructor: Lynda M. Dennis Early Bird Price*: $160 • Regular Price: $215
Date: Nov. 13, 2014 CPE Credit: 8 AA Course Number: GNAA05 Location: Tampa Law Center Instructor: William Wagner Early Bird Price*: $200 • Regular Price: $255
OMB A-133 From A to Z Date: Nov. 14, 2014 CPE Credit: 8 AA Course Number: A13310 Location: Tampa Law Center Instructor: William Wagner Early Bird Price*: $290 • Regular Price: $345
Date: Dec. 9, 2014 CPE Credit: 4 AA Course Number: INRR405 Location: Marshall Student Center - USF Instructor: Christopher Rouse Early Bird Price*: $160 • Regular Price: $215
Statement of Cash Flows: Preparation, Presentation, and Use (4 Hour) Date: Dec. 9, 2014 CPE Credit: 4 AA Course Number: FCFS405 Location: Marshall Student Center - USF Instructor: Christopher Rouse Early Bird Price*: $160 • Regular Price: $215
OCBOA: Preparing and Reporting on Cash, Modified Cash, and Tax Basis Financial Statements Date: Dec. 11, 2014 CPE Credit: 8 AA Course Number: CMCT05 Location: Marshall Student Center - USF Instructor: Thomas Newell Early Bird Price*: $290 • Regular Price: $345
The New Reporting Option: A Framework for Small and Medium-Sized Entities Date: Dec. 12, 2014 CPE Credit: 8 AA Course Number: SMES10 Location: Marshall Student Center - USF Instructor: Thomas Newell Early Bird Price*: $290 • Regular Price: $345 Tampa continued on pg. 46
>GOV/NFP = Government/Not-For-Profit
>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
45
Tampa continued from pg. 45
TAX Surgent’s Handbook for Mastering Basis, Distributions, and Loss Limitations Issues for S Corporations, LLCs and Partnerships Date: Nov. 10, 2014 CPE Credit: 8 TB Course Number: HMBI00 Location: Tampa Law Center Instructor: Edward Harter Early Bird Price*: $290 • Regular Price: $345
Reading, Understanding, and Structuring LLC and Partnership Agreements from a CPA’s Perspective Date: Nov. 11, 2014 CPE Credit: 8 TB Course Number: RUSA00 Location: Tampa Law Center Instructor: Edward Harter Early Bird Price*: $290 • Regular Price: $345
Surgent’s Federal Tax Camp Date: Nov. 17, 2014 CPE Credit: 8 TB Course Number: SATC00 Location: Tampa Law Center Instructor: Dennis Benvie Early Bird Price*: $290 • Regular Price: $345
Choosing the Best Entity Structure Under the Tax Law in 2014 Date: Dec. 17, 2014 CPE Credit: 8 TB Course Number: CBES05 Location: Marshall Student Center - USF Instructor: James A. Vastarelli Early Bird Price*: $290 • Regular Price: $345
The Best S Corporation, Limited Liability and Partnership Update **Value-Priced Seminar
Date: Dec. 18, 2014 CPE Credit: 8 TB Course Number: BCPE15 Location: Marshall Student Center - USF Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
The Best Individual Income Tax Update Course By Surgent **Value-Priced Seminar
Date: Dec. 19, 2014 CPE Credit: 8 TB Course Number: BITU15 Location: Marshall Student Center - USF Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255 >A&A = Accounting & Auditing
46 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
>BIZTECH = Business Technology
Of Course!
The Best Federal Tax Update Course By Basis/Distributions for Pass-Through Entities: Simplifying the Complexities Surgent **Value-Priced Seminar
Date: Dec. 3, 2014 CPE Credit: 8 TB Course Number: BFTU10 Location: Holiday Inn Palm Beach Airport & Conference Center Instructor: James A. Vastarelli Early Bird Price*: $200 • Regular Price: $255
Date: Dec. 5, 2014 CPE Credit: 8 TB Course Number: BADI05 Location: Holiday Inn Palm Beach Airport & Conference Center Instructor: Joseph A. Sanford Early Bird Price*: $280 • Regular Price: $335
West Palm Beach A&A Identifying Fraudulent Financial Transactions Date: Dec. 4, 2014 CPE Credit: 8 AA Course Number: FEFFT05 Location: Holiday Inn Palm Beach Airport & Conference Center Instructor: Robert W. J.D. Walter Early Bird Price*: $280 • Regular Price: $335
TAX Cut Your Clients Tax Bill: Individual Tax Planning Tips and Strategies Date: Nov. 7, 2014 CPE Credit: 8 TB Course Number: CYCT05 Location: Holiday Inn Palm Beach Airport & Conference Center Instructor: Robert. R. Thelen Early Bird Price*: $280 • Regular Price: $335
Choosing the Best Entity Structure Under the Tax Law in 2014 Date: Dec. 2, 2014 CPE Credit: 8 TB Course Number: CBES00 Location: Holiday Inn Palm Beach Airport & Conference Center Instructor: James A. Vastarelli Early Bird Price*: $290 • Regular Price: $345 >GOV/NFP = Government/Not-For-Profit
>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
47
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Your busy schedule can make earning CPE credits difficult. The FICPA’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!
Webinars Nov. 5
WEBNAR27
Navigating Tax and Financial Planning Issues Due to the Repeal of DOMA (1 Hour)
Nov. 12
WEBNAR14
S Corporation Complete Guide (2 Hours)
Nov. 17
WEBNAR28
NYS & NYC Residency Issues: The Hidden Tax Cost of a Second Home in NYS or a NYC Apartment (1 Hour)
Nov. 19
WEBNAR30
The AICPA’s Financial Reporting Framework for Small and Medium Sized Entities (2 Hours)
Dec. 10
WEBNAR15
Current Federal Tax Developments (Tax Update) (2 Hours)
Dec. 16
WEBNAR29
Social Security: Strategies and Advice for Your Clients (2 Hours)
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We have expanded the LearnLinx CPE catalog to bring you over 200 more of the best webcasts, webinars and OnDemand courses available. Find our newest online courses at www.ficpa.org/LearnLinxCPE. www.ficpa.org/LearnLinxCPE Bookmark this page – we’re always adding new topics! >A&A = Accounting & Auditing
48 NOVEMBER/DECEMBER 2014
>Industry = Business & Industry
>BIZTECH = Business Technology
Of Course!
Webcasts Nov. 7 MEGAWR05
Assembling a Multidisciplinary Team for Business Succession Planning Webcast Replay (1 Hour)
Nov. 12
MEGAWR14
Going Concern: Uncertainties Webcast Replay (1 Hour)
Nov. 12
MEGAWR08
Planning Issues with LLCs Webcast Replay (1 Hour)
Nov. 13 FIRPWBR2
Foreign Investment in the United States: Tax and Related Matters Webcast Replay (8 Hours)
Nov. 13
MEGAWR07
Yellow Book and Single Audit Update Webcast Replay (1 Hour)
Nov. 14
MEGAWR06
Captive Insurance Webcast Replay (1 Hour)
Nov. 14
ICWR05
Fraud – Detection Controls and Technology Webcast Replay (2 Hours)
Nov. 15
AAU4WBR2
Accounting & Auditing Update Webcast Replay (4 Hours)
Nov. 17
ICWR06
FLSA and Other Hot Compensation Topics Webcast Replay (1 Hour)
Nov. 18
ASWR05
Banking Relations and Debt Restructuring Webcast Replay (1 Hour)
Nov. 18 BCPEWEB1
The Best S Corporation, Limited Liability & Partnership Update Course by Surgent Webcast (8 Hours)
Nov. 19
MEGAWR13
Department of Labor Webcast Replay (1 Hour)
Nov. 19
BITUWEB1
The Best Individual Income Tax Update Course Webcast (8 Hours)
Nov. 20
MEGAWR12
Analytical Procedures in a Review Engagement Webcast Replay (1 Hour)
Nov. 20
SUTWBR02
Florida Sales and Use Tax Issues Webcast Replay (8 Hours)
Nov. 21
CMPWBR03
Compilation and Review: Issues & Updates Webcast Replay (8 Hours)
Nov. 22
ETHWBR09
Ethics: Protecting the Integrity of Florida CPAs Webcast Replay (4 Hours)
Dec. 3
ICWR04
Revenue Recognition Webcast Replay (1 Hour)
Dec. 3
MEGAWR24
New Documentation Issues in A&A Webcast Replay (1 Hour)
Dec. 4
MEGAWR04
Lessons from the World of Managerial Accounting Webcast Replay (1 Hour)
Dec. 9
MEGAWR09
Employee Benefit Plan Disclosures Webcast Replay (1 Hour)
Dec. 9
MEGAWR02
Virtual Office: Home Sweet Home Webcast Replay (1 Hour)
Dec. 10
MEGAWR10
Sales Tax Record Keeping: Minimizing Audit Risk Webcast Replay (1 Hour)
Dec. 11
UFACWR03
Stopping Tax Identity Theft: Practical Advice for CPAs & Clients (1 Hour)
Dec. 12
CH4WBR02
CIRA: A&A Update Webcast Replay (4 Hours)
Dec. 12
ETHWBR10
Ethics: Protecting the Integrity of Florida CPAs Webcast Replay (4 Hours)
Dec. 17
FNFPWEB1
Frequent Frauds Found in Not-for-Profits Webcast (4 Hours)
Dec. 17
FGOVWEB1
Frequent Frauds Found in Governments Webcast (4 Hours)
Dec. 18
ACAUWBR4
Annual Accounting & Auditing Update Webcast Replay (8 Hours)
Dec. 18
ETHWBR11
Ethics: Protecting the Integrity of Florida CPAs Webcast Replay (4 Hours)
Dec. 19
AAUWBR3
Accounting & Auditing Update Webcast Replay (4 Hours)
Dec. 30
ETHWBR12
Ethics: Protecting the Integrity of Florida CPAs Webcast Replay (4 Hours)
www.ficpa.org/LearnLinxCPE >GOV/NFP = Government/Not-For-Profit
>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
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CONFERENCES 2014-2015 West Florida Chapter Accounting Conference (8 CPE) Pensacola Nov. 13, 2014
Valuation, Forensic Accounting and Litigation Services Conference (16 CPE) Fort Lauderdale Jan. 8-9, 2015
CPAs in Industry Conference (17 CPE)
Tampa and Fort Lauderdale March 19-20, 2015
Florida State Spring Accounting Conference Tallahassee May 14-15, 2015
The Academy (8CPE) Tampa Dec. 8, 2014
International Tax Conference (16 CPE) Miami Jan. 8-9, 2015
Health Care Industry Conference (Up to 18 CPE) Orlando April 23-24, 2015
Not-For-Profit Organizations Conference (17 CPE) Tampa and Ft. Lauderdale May 28-29, 2015
F L O R I D A
Florida Institute of Certified Public Accountants P.O. Box 5437 Tallahassee, FL 32314-5437