MACPA Statement // April 2015

MACPA’S

APRIL 2015 MARYLAND TAX COURT AGAIN SIDES WITH STATE ON CORPORATE SUBSIDIARY INCOME TAX Page 25

ANTICIPATION:

THE MISSING COMPETENCY Identifying future trends and seizing the opportunities in the present is the key to our success — and it’s a skill we can learn. PAGE 6

Maryland Association of Certified Public Accountants, Inc.

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CONTENTS April 2015 | Maryland Association of Certified Public Accountants, Inc.

CHAIRâ&#x20AC;&#x2122;S COLUMN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 FEATURES Anticipation: The missing competency . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Maryland Tax Court again sides with state on corporate subsidiary income tax. . . . . . . 25

DEPARTMENTS News & Views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Public Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Tax Corner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Continuing Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Business & Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 High-Tech Solutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Member Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42 NYPN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 43

MEMBER NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 CLASSIFIEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 UPCOMING EVENTS & COURSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 ADMINISTRATION Becky Conley becky@macpa.org Amy Stumme amy@macpa.org COMMUNICATIONS Amy Moran amym@macpa.org Bill Sheridan bill@macpa.org FINANCE

Debbie Zizwarek debbie@macpa.org

Dee Sullivan dee@macpa.org

TECHNICAL SERVICES

Emily Trott emily@macpa.org

Cora Edwards cora@macpa.org

Ryan Wey ryan@macpa.org

MaryBeth Halpern marybeth@macpa.org

Rebecca Zimmerman becca@macpa.org

PROFESSIONAL DEVELOPMENT Pamela C. Devine pam@macpa.org

2014-2015 BOARD OF DIRECTORS OFFICERS

Carl Kampel, CPA Amy Myers, CPA Sean Roddy, CPA, CMA, CGMA, MBA Richard L. Wolf, CPA, CFE, CGMA

SENIOR STAFF MACPA EXECUTIVE DIRECTOR J. Thomas Hood III, CPA tom@macpa.org

Marianela del Pino-Rivera, CPA Chair

Andrew Hood andrew@macpa.org

Michael Manspeaker, CPA Vice Chair

MEMBER SERVICES

Donna Carson donna@macpa.org

Lisa Cines, CPA Secretary/Treasurer

Lauren Baker lauren@macpa.org

Paige Sawicki paige@macpa.org

Byron Patrick, CPA, CITP, MCSE Immediate Past Chair

DIRECTOR OF FINANCE AND ADMINISTRATION

DIRECTORS

Skip Falatko, CPA skip@macpa.org

Laura Swann, CPA lauras@macpa.org

Rebekah Brown, CPA rebekah@macpa.org

Laura Dorsey-Shaner laura@macpa.org

PRODUCT DEVELOPMENT

Terri Smith terri@macpa.org

Akesha Brown akesha@macpa.org

Jennifer Stevens jennifer@macpa.org

APRIL 2015

Michael Drankiewicz, CPA Laura Freitag, CPA Virginia Frazier, CPA

See below to submit content

Gene Ransom III, Esq.

Chris Dougherty chrisd@macpa.org

Margaret DeRoose margaret@macpa.org

WE WANT TO HEAR FROM YOU!

MACPA DEPUTY EXECUTIVE DIRECTOR Jacqueline E. G. Brown jackie@macpa.org

Bill Sheridan | MACPA Dulaney Center II 901 Dulaney Valley Road Suite 800 Towson, MD 21204 FOR CONTENT SUBMISSION: bill@macpa.org feedback@macpa.org TO ADVERTISE IN THE STATEMENT: Andrew@macpa.org AmyM@macpa.org P: 410.296.6250 F: 410.296.8713 Toll free: 800.782.2036 The MACPA reserves the right to edit all submissions for grammatical style and / or length. Statement of fact and opinion are made by the authors alone and do not imply an opinion on the part of the officers or members of MACPA. The Statement is published four times a year by the Maryland Association of Certified Public Accountants, Inc. Bill Sheridan, Editor Amy Moran, Advertising Sales

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INSPIRE YOUR CAREER Thought Leader Series 5/4

9/21

DANIEL BURRUS

“THE ANTICIPATORY CPA” 191014 / Hilton BWI Airport Anticipation is the hidden competency of successful CPAs. Learn from one of the world’s leading technology forecasters and innovation experts how to be ready for perpetual change.

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CHAIR’S COLUMN WITH APRIL 15 ON THE HORIZON, HERE’S A QUICK TRIP AROUND THE TAX NEWS WIRES BY MARIANELA DEL PINO-RIVERA, CPA, CHAIR

Spring is here — just enough time for tax practitioners to come up for air one last time before April 15 and see what’s happening in the world. Good thing, too — there’s a lot going on. Here’s the Reader’s Digest version:

TANGIBLE PROPERTY REGULATIONS The MACPA’s tax listservs were blowing up back in January over these confusing regulations. Everyone had questions, and seemingly nobody had any answers. Then came back-to-back shots of relief from the IRS. The first came in mid-February, when the IRS released a new revenue procedure (MACPA.org/tangible) that eases the tangible property compliance burden for small businesses. The second came in early March, when the IRS released its FAQs (MACPA.org/tangibleFAQs) in an effort to clarify the regulations. Unfortunately, much energy and time was spent trying to figure out the new regulations – and still questions persist, on this as well as Affordable Care Act compliance, which is onerous for some taxpayers. To that end, the MACPA’s tax listservs are lifesavers during tax season. Tax pros asking questions and sharing advice with each other — what could be more helpful? Ask questions and get answers at MACPA.org/groups.

IDENTITY THEFT More of our clients are falling victim to identity theft and tax fraud, which subjects them to burdensome filings to prove their identity and delays in receiving refunds. What would our tax filing experience be like if the billions of dollars being wasted on tax fraud payments could be spent on reducing the deficit and improving IRS customer service? The IRS is taking steps to keep identity theft in check. It is sending out letters that ask taxpayers who receive such

requests to verify their identities via the Identity Verification Service website at idverify.irs.gov. The IRS will only ask taxpayers to verify their identities via these letters — not via e-mail or phone. Forbes contributor Kelly Phillips Erb offers further details at MACPA.org/IDtheft.

MARYLAND LEGISLATIVE UPDATE Here’s where we stand so far on issues that impact CPAs in the General Assembly: • Definition of “attest”: MACPA Executive Director Tom Hood testified in support of legislation to revise the definition of attest before the Economic Matters Committee in the House and the Education Health and Environmental Affairs Committee in the Senate. Both bills continue to progress through the legislative process, with each bill voted out of committee unanimously. • Supersedeas bonds: Legislation to place a cap on appeal bonds still awaits committee vote in both chambers. MACPA representatives were in Annapolis to provide testimony before the House Judiciary Committee and the Senate Judicial Proceedings Committee. Our network of key contacts has been instrumental in reaching out directly to members of both committees. We will continue to work to garner support for this important legislation. • Combined reporting: The MACPA also has submitted written testimony opposing several bills that would impose a system of mandatory unitary combined reporting for corporate income taxes. The MACPA is neutral with regard to the enactment of combined reporting. However, we oppose these bills due to the complexity and problems that would result from unclear aspects of the language and the unreasonable effective dates. • Non-compete / non-disclosure: The MACPA has submitted written

testimony opposing two bills that could directly impact professional service firms. HB 946 would nullify employment contracts or similar agreements that have non-compete or conflict-of-interest provisions. HB 1066 would prevent employers from requiring employees to enter a nondisclosure agreement or including a non-disclosure agreement in an employment contract or similar document. Non-competition clauses and non-disclosure agreements are used to address employers’ legitimate protectable interests and are commonplace for many Maryland businesses, especially in the professional services industry, where many of our CPAs are employed and / or are partners or owners.

TAX REFORM: YOUR IDEAS WANTED Finally, we’ve received word that the U.S. Senate’s Finance Committee is seeking ideas from the public about how to overhaul the tax code. According to InvestmentNews, your feedback “must be submitted as a pdf attachment in an e-mail to one of five committee working groups: individual income tax (individual@finance.senate. gov), business income tax (business@ finance.senate.gov), savings and investment (savings@finance.senate. gov), international tax (international@ finance.senate.gov), and community development and infrastructure (communitydevelopment@finance.seante. gov).” Here’s yet one more opportunity to make your voices heard, CPAs. Who better to advise lawmakers on tax reform than tax professionals? There’s just one drawback: The deadline to submit comments is April 15. I’m sure we can block off a little free time between now and then, right?

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ANTICIPATION: THE MISSING COMPETENCY BY BILL SHERIDAN, CAE

If you are a late adopter, you could be in trouble. Serious trouble. You can thank Gordon Moore for that. In 1965, the Intel co-founder theorized that computing power would double roughly every 18 to 24 months, and would continue to do so for the foreseeable future. That law has held true ever since, resulting in some astounding technological advances. That exponential advancement means computers today are about 130,000 times more powerful that they were in 1988. It means your iPhone 6 is as powerful as Apple’s most powerful laptop was just a decade ago. It means an iPad Mini is as powerful as the world’s biggest supercomputer was in 1985. It means that every job on the planet — including yours — is going to fundamentally change in the very near future. Need proof? Ask a journalist, or a recording industry executive, or whoever’s in charge of the U.S. Postal Service. The day may soon come when filing a tax return — any tax return — will be a completely automated process. Our regulators and legislators will have a say in all of that, no doubt, but Moore’s Law will make it possible.

Identifying future trends and seizing the opportunities in the present is the key to our success — and it’s a skill we can learn.

In other words, technology isn’t waiting around for you to catch up. If you’re dragging your heels, you’re toast.

DISRUPTION AND OPPORTUNITY That brings me to Dan Burrus. Burrus is one of the world’s leading futurists on global trends and transformation, and author of the New York Times best-seller Flash Foresight: How To See The Invisible And Do The Impossible. Each year he publishes a list of “hard trends” (defined as things that will definitely happen) that will create disruption and opportunity over the next 12 months. Here’s what Burrus says we should be paying attention to this year:

CONTINUED ON PAGE 8 APRIL 2015

1. Big Data gets bigger as the use of high-speed data analytics expands. 2. Cloud computing rapidly expands. 3. Virtualization of hardware and software will redefine IT. 4. On-demand services become the norm. 5. Wearables go mainstream.

Most of the trends above will directly impact the accounting and finance professions, and according to Burrus, they will do so within the next year. All of them are driven by advances in technology. Amazing, isn’t it? Technology used to be a line item, a department we could ignore as long as the phones and Internet were up and running.

6. Consumerization of IT rapidly expands. 7. Gamification, socialization, and personalization of learning. 8. Online learning is redefined and rapidly gains momentum. 9. As use of e-publications grows, paper versions function to attract new readers. 10. Social search and social business applications will grow rapidly.

Today, it changes everything we do. It’s Moore’s Law at work, and it touches every corner of our personal and professional lives.

ANTICIPATION: THE MISSING COMPETENCY In a world as chaotic as this, the problem is getting ahead — and staying ahead — of these transformative trends.

11. Smartphone growth drives major shift in global computing. 12. Mobile apps for business processes grow rapidly. 13. 3D displays for smartphones and tablets start to appear.

15. Smart virtual electronic assistants get better and more personal. 16. Multiple biometrics used for security. 17. Mobile banking and smartphone payments take off. 18. Visual communications for business increase.

20. Personalized streaming entertainment challenges cable. 21. 3D printing of finished goods takes another step forward. 22. The Internet of Things expands rapidly. 23. Advanced automation and intelligent robotics find wider use. 24. Drones go beyond fire, police, search and rescue. 25. Energy storage and micro grids increase in application and use. Read Burrus’s article in its entirety at MACPA.org/trends.

Burrus himself will be on hand at the BWI Hilton that day to lead us through “The Anticipatory CPA,” a program designed to help us accurately anticipate the future. “The missing competency today is the ability to anticipate — to anticipate problems before they happen, disruptions before they disrupt, customer changes before they start changing, and new opportunities before the competition,” Burrus said. “It might sound impossible at first, but it surely is not. Just like after 3G and 4G wireless we can be certain we’re going to get 5G and 6G. Just as we know the cloud is not getting full; it’s here to stay.” Burrus should know. He has been doing it for 31 years, helping companies like Deloitte and IBM and executives from other big companies learn how to not only see the future but profit from it.

14. Augmented reality apps and devices start to grow.

19. Enhanced location awareness embraced by large retail.

On May 4, you’ll get your chance.

Doing so is more important than ever. Our competitive advantages — the things that have defined us for years and set us apart from the competition — are disappearing. There are people out there who can do the same things faster, cheaper, and better than we ever could. The only way to get ahead of these changes and start building our next competitive advantage is through anticipation — to see these trends on the horizon and position our organizations to take advantage of them before they arrive. That’s not just some abstract concept. It’s actually a skill you can learn.

His “Anticipatory Organization Accelerated Learning System” features rapid-application tools that will teach CPAs and finance professionals to anticipate and take advantage of future trends in bite-sized chunks. The system features three- to five-minute, singleconcept videos and a way to rapidly apply those concepts at work. “Instead of just being a crisis manager, you will learn how to be an opportunity manager — and how to be anticipatory,” Burrus said. It’s a one-of-a-kind opportunity to learn a vital skill from a world-renowned expert. Don’t miss it. Get complete details and registration information at MACPA.org/Burrus. Bill Sheridan is editor of The Statement and chief communications officer for the Maryland Association of CPAs.

STATEMENT

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Attention CPAs:

Whether A Decision Maker Looking To Upgrade Your Talent, Or A CPA Looking to Upgrade Yourself/Your Skills, Ask Yourself: Who really chose who in joining your company? Are you/your professional staff really at the right level where you should be/you need them to be? Are you/your staff in a position that truly suits your/their personality, values, and professional and personal needs?

Why leave your future to chance? If you’re seriously interested in making the “right” move for your next hire, I can help you. I am an actively licensed CPA in Maryland and Virginia with over 20 years of experience including public accounting (E&Y) and consulting (KPMG), financial accounting (American Cancer Society), internal audit (Moneyline Telerate), and recruiting (Acsys, formerly Don Richards). As a networker who truly enjoys helping others and sharing my career experiences to guide fellow professionals, here is how I can help you: Decision Makers:  Ask you questions, and most likely ask many more questions than other recruiters about your company, duties involved, skills required, corporate culture and more  Work with you on finding the “right” professional that is the “right fit”  Provide you with valuable information about the professionals I work with, the marketplace, what your competitors pay, and more Career Seekers:  Guide you on career paths available in public accounting and industry  Enable you to capitalize on your strengths  Coach you on how to put your best foot forward to find the “right fit”  Advise you when to stay in your current position if that is the right move If you’re interested in working with a recruiter who understands your background, skills, and is genuinely interested in helping you find the “right fit”, then I welcome meeting you!

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NEWS & VIEWS The Affordable Care Act: What you need to know in 2015 F RO M T H E A I CPA

What’s new with health care reform? A lot of discussion has arisen about the Affordable Care Act since it was passed, but now that the key provisions of the mandatory health coverage portion of the law are coming into effect, what does it mean to you? The Maryland Association of CPAs offers an update and points out some dos and don’ts to remember in 2015.

DO AVOID THE PENALTY Beginning in 2014, most Americans were required to have minimum essential health care coverage. As a result, this year you must report your coverage status for each month of the year on your tax return. Those with qualifying coverage will simply check a box on page two of the Form 1040, but there are new tax forms this year for those seeking an exemption from the coverage requirements or claiming the premium tax credit. If you don’t have coverage and don’t qualify for an exemption, you may face a penalty for the 2014 tax year of $95 per person (and $47.50 for children under 18) or 1 percent of your household income over the filing threshold, whichever is higher, up to a maximum of $285.

coverage or wait and claim it on your tax return.

DO CONSIDER SHOPPING AROUND The Health Insurance Marketplace, a central feature of the law, provides coverage choices for those who don’t have insurance and those who have it but are interested in exploring other, potentially lower-cost options. Consumers in every state can set up an account, file an application and learn if they’re eligible for lower-cost premiums. The plans are offered by private insurers, and they cover a set of essential health benefits defined by the law. If you have a pre-existing condition, the Marketplace plans must accept you and cover your condition. They are also prohibited from charging different prices based on gender. The open enrollment period for the coming year ended on Feb. 15. (You might also qualify for the special enrollment period that lasts up to 60 days after life events such as marriage or the birth of a child or loss of other health coverage.) This year, 25 percent more issuers will be offering plans through the

Marketplace than in 2014, increasing the variety of options available, according to the U.S. Department of Health and Human Services.

DON’T NEGLECT CHANGES FOR BUSINESS As of Jan. 1, 2015, companies with 100 or more full-time employees were required to provide minimum, affordable healthcare coverage to most of their workers or face a penalty. Those with more than 50 workers but fewer than 100 may qualify for relief from this requirement for 2015. At the other end of the spectrum, employers with 25 or fewer employees that offer health care coverage may be eligible for a small business health insurance credit. Many small businesses can look for insurance through the Small Business Health Options Program (SHOP), a separate marketplace for companies with 50 or fewer full-time employees. Note: If you’re self-employed without any employees, then you would use the individual Health Insurance Marketplace to buy insurance, not SHOP.

Be aware, those penalty amounts will rise in future years.

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Stegman & Company employees help serve dinner during a recent volunteering stint at Helping Up Mission in Baltimore.

Depending on your income level and other factors, you may be eligible for a premium tax credit that will help you pay for insurance that you buy through a state or federal Health Insurance Marketplace. You can use the credit to pay your insurance premium when you enroll for

STATEMENT

Financial Leaders Forum

M E E T I N G of the

MINDS that lead firms and organizations

Bi-monthly, CFOs, Controllers, and other senior-level CPAs in business and industry meet to share with and learn from each other at the Financial Leaders Forum. Gain four CPE credit hours and save your appetite for the provided facilitated lunch discussion. LEAN MANAGEMENT IN A LEAN ECONOMY 05/28/15 | Timonium | Event ID: 171006

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THE ETHICS OF CHANGE: KEEPING YOUR BALANCE IN RISKY TIMES

MAKE IT HAPPEN! THE ART OF DISCIPLINE AND GETTING THINGS DONE

01/28/16 | Timonium | Event ID: 171013

LEADERSHIP FROM A SLIGHTLY DIFFERENT PERSPECTIVE

03/24/16 | Columbia | Event ID: 171014

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6.23.2015 The Business Learning Institute CPA Summit is a one-day event where CPAs learn from the most important voices in the profession and find solutions to push careers forward. Topics include leadership, technology, cutting-edge trends, and emerging professional issues. This interactive event is the CPA event of the year. Event ID: 191008 • BALTIMORE • MARTIN’S WEST

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NEWS & VIEWS 2015 holds great promise for accounting profession B Y B A R RY ME LA N CON

Whenever I think about all that is going on within our profession, I’m amazed at the breadth and scope of accomplishments and inspired by the people who make it all happen. From envisioning the future of learning to reinforcing a foundation of quality, we’ve never had a better opportunity to shape our future. The accounting profession achieved great success in 2014, thanks to several factors: hard work and quality services from CPAs, extensive advocacy efforts, forwardthinking initiatives, and the joint efforts of the AICPA and the state CPA societies. Looking to 2015, I’m excited about the AICPA’s agenda and the steps our profession will take to continue our growth as future-focused and client service-driven advisers for modern business. At a time when individuals and businesses are battling unprecedented complexity and uncertainty, our profession has the expertise and the opportunity to build a pathway to prosperity for our businesses, CPA firms, clients and the public. Let’s commit to making this year even more successful.

QUALITY For 128 years, our profession has staked its reputation on quality services delivered by competent and knowledgeable professionals. Quality is our foundation and is essential to supporting future growth and success. One of the most significant developments in 2014 was the launch of the AICPA’s Enhancing Audit Quality (MACPA. org/EAQ) initiative, a comprehensive and multifaceted effort designed to reinvigorate the profession’s commitment to quality.

The basic EAQ framework was introduced in August in a discussion paper (MACPA. org/EAQpaper) that solicited stakeholder comments on proposed short- and long-term quality initiatives. CPAs and other stakeholders provided suggestions now being considered by AICPA teams, committees and/or boards. In a second paper, “Evolving the CPA Profession’s Peer Review Program for the Future” (MACPA.org/EAQpaper2), the AICPA offered a thought-provoking concept for what practice monitoring could become. The initial concept is meant to start a profession-wide dialogue about meaningful change; changes we hope will help ensure long-term relevance and quality. Several factors – from the pace of change to the complexity of business and standards, from audit relevance to regulators’ scrutiny – made it clear that our profession needed bold action to shape the audit function of the future. We know that quality can only be achieved and maintained with vigilance and dedication and the EAQ is a principal part of the AICPA’s ongoing commitment to excellence.

ADVOCACY Each year I’m privileged to see first-hand the partnership between the AICPA and state CPA societies as we address various issues from a legislative or regulatory perspective. I cannot overstate the

importance of these efforts. When we lead proactive campaigns to shape legislation, we’re really shaping our profession’s future. The alternative is to wait for legislation to shape our future for us. I’ll share a few examples of what we achieved in 2014 and set up some of the issues that could see movement in 2015:

• Cash basis: The profession successfully fought back an attempt to force some businesses to switch from the cash basis to accrual accounting for tax purposes. CPAs’ letters – more than 1,000 – brought significant attention to this issue and helped convince 46 senators and 233 members of the House to sign bipartisan letters opposing the proposal.

• DATA Act: Signed into law in May, the successful implementation of the DATA Act concludes a five-year effort in close partnership with the state societies to improve the accessibility and transparency of business information. It was a meaningful – and hard-fought – win that reinforced the importance of stakeholder collaboration within the profession.

• Mobile workforce: The AICPA continues to support legislation that would establish a uniform national standard for any employee who works less than 30 days outside his or her state of residence.

CONTINUED ON PAGE 21 APRIL 2015

Government & Not-For-Profit C O N F E R E N C E UNIQUE ACCOUNTING SKILLS TRAINING FOR YOUR UNIQUE ROLE

The Government & Not-for-Profit Conference addresses the unique technical and professional challenges of the CPAs working in these sectors. This annual, one-day event puts a special emphasis on the skills and insight that CPAs can immediately implement.

April 17

Event ID: 121000 | College Park Inn & Conference Center at UMUC

macpa.org/GNFP

WE’RE HIRING TOP TALENT! Grossberg is a unique environment where talented and highly sophisticated professionals excel. Our staff and partners are some of the best and brightest in their field, operating at the highest level of professionalism and technical expertise. Here you find a culture of people who enjoy the challenge of untangling today’s highly complex web of business, transactional, financial and tax issues, while enjoying the benefits of working at one of the area’s premier firms. Our mentorship program ensures everyone has access to one-on-one training by industry experts who encourage their professional development. In addition, the boutique nature of our firm allows us to interact regularly and learn from one another in more casual ways. This provides us with the ability to offer skilled professionals tremendous opportunities for growth and job satisfaction as well as a great work environment. Our culture is defined by our people. We pride ourselves on fostering an environment of collegiality and camaraderie; we truly care about each other and work together to meet the demands of our elite group of clients. It is only through this teamwork that we are able to meet our professional demands, advance our business and technical skills, and still support 10 Things Professionals Want Most 1. Purpose 2. Goals 3. Responsibility 4. Autonomy 5. Flexibility

each other to maintain a healthy work family life balance without losing our commitment to client service. This is an integral part of who we are, why we are successful, and how we have maintained our reputation as one of the best firms in the country. We have for over 90 years and will continue to be our client’s most trusted business advisor. Growth in our business has created new opportunities for experienced CPAs. If you are seeking to the move to the next level in your career, consider joining the Grossberg team! Qualifications

6. Development

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• Tax or audit and accounting experience in a public accounting arena or a real estate firm

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Looking for an exciting new opportunity, and a Great Place to Work? CONTACT: Denise DeFiesta, Senior Recruiter ddd@grossberg.com, 301-571-1900 or apply at www.grossberg.com Grossberg Company LLP 6500 Rock Spring Drive Suite 200 Bethesda, MD 20817

Trusted Business Advisor Since 1924

J U M P S TA R T I N G Y O U R C A R E E R A S A N

undergrad STUDENT

LEADERSHIP ACADEMY June 25-27, 2015 Towson University F OR UNDERG RA DUATE ACCOUNTI NG S TUDE NTS W HO WA NT TO AC C ELERATE THEI R S UCCE S S S TE P P I NG I NTO THE CPA P ROFE S S I ON .

W H Y A P P LY ? As a participant, you will: • Receive a unique orientation to the CPA profession and the role you can play • Meet our profession’s leaders, including Tom Hood, CEO of the Maryland Association of CPAs • Encounter the sponsors and firms that are looking to hire • Have your resume presented to employers associated with MACPA • Network with other top accounting students • Experience an in-depth look at your skills and strengths

The program, assessments, food, and lodging are all free to those selected to participate APPLY TODAY

macpa.org/ studentacademy

MARYLAND ASSOCIATION OF CPAs

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

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

HUMAN CAPITAL Of course, the most important part of our profession’s success is its people, and attracting and retaining the best and brightest has never been more important. A major demographic shift is under way in the United States, putting a rapidly increasing percentage of entrepreneurial capital into the hands of minority-owned businesses. This shift means clients and employers of CPAs will expect more diverse workforces. We have to build a business environment that reflects life. The AICPA and state CPA societies see diversity and inclusion as a critical issue for long-term viability, and we’re

APRIL 2015

committed to helping our members meet the changing expectations of those we serve. Here’s something else to consider – at a time when competition for top talent is both global and fierce, the advantage will go to the firms and companies that have a plan to recruit, develop and retain a diverse workforce. The AICPA continues to produce resources that can help CPAs gain that advantage, including two that were launched last year: an Accounting Inclusion Maturity Model (MACPA. org/Inclusion) that helps organizations evaluate their own D&I practices; and a recruiting and retention toolkit (MACPA. org/RecruitTools), with resources to help accounting leaders and human resources professionals attract, recruit and retain a diverse workforce. State societies have been essential partners in national diversity initiatives: Several state volunteers have served on the National Commission for Diversity and Inclusion and many societies have launched local efforts to improve diversity and inclusion in their states. Succession is another critical aspect of the pipeline. Each of us wants our profession to enjoy long-lasting success, but that is only possible if we prepare younger generations to fill the shoes of leadership in firms and organizations in the future. Virtually all states are investing in our profession’s future and today they develop future leaders through local leadership academies. Many of these state academies are modeled after the AICPA’s Leadership Academy, which today boasts nearly 200 graduates, many of whom are currently serving on professional committees, boards or AICPA Council. With the surge of Baby Boomer retirements, our profession needs to prepare leaders in the next generations. On the topic of the talent pool, we have to make sure a sufficient number of CPAs are in the profession to continue the profession’s success. Over the last few years, increasing and record numbers of people have been majoring in accounting but the number of people taking the CPA exam has remained flat. A research project now under way will help us better

understand the factors causing the gap so we can develop strategic solutions.

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

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

• Financial Reporting Framework for Small- and Medium-Sized Entities: A special purpose framework that delivers robust and relevant financial statements in a simplified, cost-beneficial way when U.S. GAAP financials are not needed. Great successes are within our grasp when we unite in the pursuit of common goals. Ongoing support from state CPA societies is both critical and sincerely appreciated. We are brought together as a profession and bonded as CPAs. I thank all of our members for your contributions to the accounting profession, making it a model of service and quality, and for achieving success in 2014. The profession has a lot on its plate in 2015 and everyone at the AICPA and your state CPA society is committed to serving your interests and helping you achieve your goals. Barry Melancon, CPA, CGMA, is president and CEO of the American Institute of CPAs.

PUBLIC PRACTICE 2014 MAP survey: CPA firms show modest growth F RO M T H E A I CPA Mirroring the broader economy, results of the biennial National Management of an Accounting Practice (MAP) Survey show that in 2013 CPA firms experienced modest growth over the prior year. The survey, which is conducted by the AICPA’s Private Companies Practice Section (PCPS) and the Texas Society of Certified Public Accountants (TSCPA), found that all participating firms experienced a small increase in net fees or were holding steady since the last survey

was administered in 2012. The survey data is broken down into size segments, from the smallest practices with less than $200,000 in revenue to the largest with more than $10 million. Every segment reported growth in net client fees from 2012 to 2013, ranging from 4 to 8 percent. “The 2014 MAP Survey shows that we have a healthy profession poised for continued growth,” said Tom Hood, CPA, executive director of the Maryland Association of CPAs. “The detailed benchmarking data this survey provides is an important tool firms of all sizes can use to evaluate their performance and develop growth plans.” When comparing partner compensation to net remaining per owner (NRPO) – a key performance indicator that measures revenue minus expenses before owner-related compensation – it

to keep more cash in the firm. This also signals opportunities for emerging partners after these transitions within firms are complete. “Liquidity and cash flow are likely a consideration, especially for smaller firms focusing on merger and acquisition opportunities,” said AICPA Firm Services Vice President Mark Koziel CPA, CGMA. “Uncertain cash outlays in mergers and showing a strong cash position to attract acquiring firms are likely factors for holding back cash.” Large firms continue to invest in technology, suggesting a bullish view of the future. Smaller firms also invested in technology through external partners. When it came to information technology expenses, the total percentage ranged from 5.5 percent of net client fees for the smallest firms to around 2.5 percent at the largest. (The percentage may be lower at big firms because they have in-house IT staff and training, so many of their costs would be reflected in salaries.)

“Holding onto more cash could indicate a cautious optimism toward future growth.” appears that rather than take that cash for themselves, partners chose to put money back into the business. The 2014 survey results show that NRPO was larger than partner compensation in all but one revenue category. “Holding onto more cash could indicate a cautious optimism toward future growth,” said Hood. “This is a trend we like to see. As the economy continues to grow, I think we’ll see this cash reinvested in firms.”

The 2014 MAP Survey offers a new dynamic online platform to make it easier for participating firms to use the results. Users can generate and download detailed reports in Excel, PowerPoint and PDF files using a variety of filters specific to their firm’s needs. An online tutorial is available to help users make the most of these new features. For more information or to access the survey results, visit aicpa.org/mapsurvey, e-mail pcps@aicpa.org, or call the AICPA at (888) 777-7077.

Future partner retirements (and buyouts) may also be driving some firms

STATEMENT

GUIDING THE DIRECTION OF YOUR FUTURE

Vision & Strategy WORKSHOP As CPAs face the “shift change” in accounting, they must know what they want from their business. Vision & Strategy Workshops are complimentary CPE that give appropriate time, space, and permission to CPAs to critically assess their business and the future they want to create. The workshop concludes with identifying the steps and resources to accomplish it.

MACPA.ORG/VISION

4 HOURS COMPLIMENTARY CPE (choose one date)

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FREDERICK

140095

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EMPLOYEE BENEFIT PLANS CON F E R E N C E 2015 EMPLOYEE BENEFIT PLAN ESSENTIALS The Employee Benefit Plan Conference equips CPAs in public and private sectors to operate and audit EBPs. The conference offers three tracks, each dealing with maintaining EBP tax-exempt status and auditing EBP financial reports. Learn more about requirements, and receive updates on legislative and regulatory issues.

April 27th

Event ID: 121012 Columbia Sheraton Columbia Hotel

macpa.org/BenefitPlans

TAX CORNER Maryland Tax Court again sides with state on corporate subsidiary income tax B Y K A R E N T. SYRYLO, CPA Continuing the saga of the Maryland comptroller’s income tax assessments on corporations that receive income from related companies, the Maryland Tax Court gave auditors another win recently in its decision in ConAgra Brands Inc. v. Comptroller of the Treasury, No. 09-INOO-0150, Md. Tax Ct., Feb. 24, 2015. Some observers thought there was a chance that ConAgra’s result would be different from the other intangible holding company decisions in Maryland, since the ConAgra subsidiary not only conducted significant activity of its own in managing and defending the trademarks that it owned, but also engaged in other activities involving national advertising campaigns for the trademark brands (all with no physical presence in Maryland). However, using (sometimes verbatim) some of the Maryland Court of Appeals’ language in the Gore decision (Gore Enterprise Holdings, Inc. v. Comptroller of the Treasury, No. 36 Sept. Term 2013, March 24, 2014), the Tax Court held that the subsidiary, ConAgra Brands, Inc. (“Brands”), lacked real economic substance as a business separate from its parent company, and therefore the Comptroller was justified in assessing Maryland income tax on the subsidiary. A major question the Gore decision left in the minds of tax professionals was how the Maryland courts would continue to use and not use the unitary business principle, i.e. the Court of Appeals’ agreement in Gore that a unitary relationship does not confer nexus, but that “there is no reason – based either in case law or logic – for holding that the factors that indicate a unitary business cannot also be relevant in determining whether subsidiaries have no real economic substance as separate business

APRIL 2015

entities.” The ConAgra case seems to answer that question for us. The Tax Court recited the history of how ConAgra had acquired multiple businesses and had instituted a program of centralizing the previously separate administrative operations such as legal and accounting services. The centralization of the holding and management of all of the various businesses’ trademarks was a component of this centralization. The court also referred to the Brands subsidiary’s significant activity of conducting the national advertising campaigns, and also that the subsidiary’s employees performed quality control for the Brands and monitored trademark infringements. (This is unlike other cases, in Maryland and elsewhere, in which the original owner of the trademarks, and not the current owner, continued any active management of the marks.) But the Tax Court also found important the similar officers among the group of subsidiaries, the payments of the subsidiaries’ profits up to the parent company, and that in its view the Brands subsidiary could not have functioned as a corporate entity without the centralized administrative services it received from “corporate.” The court copied from the Gore decision in stating, “The facts indicate functional integration and control through stock ownership, as well as common employees, directors and officers.” The court found lack of separateness, thus the nexus.

reasonable basis for the challenge and acted in good faith. The court disagreed with the comptroller that Maryland’s law was clear at the time of the assessments, saying that the state of the law has evolved through Maryland’s other court decisions. While many states have argued the taxability of subsidiaries that own and license intangible assets to related companies, Maryland is unique in its use of the unitary business principle in these arguments. ConAgra could have expected a reversal of its Maryland assessment, given how it felt the facts of its Brands subsidiary’s activities differed from other Maryland cases, and also given its success in another state: In Commissioner v. ConAgra, No. 11-0252, May 24, 2012, the Supreme Court of Appeals of West Virginia ruled for the company, saying that the income tax assessments satisfied neither “purposeful direction” under the Due Process Clause nor “significant economic presence” under the Commerce Clause. We now await news of whether ConAgra will appeal its Maryland result, as well as resolution of many other cases, including cases that involve interest income rather than royalty income, that have been on hold at the Maryland Tax Court level while the Gore case proceeded. Suffice to say that all corporate groups with intercompany transactions should continue to monitor these cases.

Karen T. Syrylo, CPA, is director, State On a positive note, the taxpayer was and Local Tax and Advisory for Altus successful in securing partial abatement of interest through the court’s reduction of Group US Inc. the interest period, and also abatement of all penalties, because the company had

CONTINUING EDUCATION Annual Advanced PFP Conference: Techniques for 2015 and Beyond B Y SE T H H A MM E R, CPA The MACPA’s 29th annual Advanced Personal Financial Planning Conference in October provided participants with access to the latest planning techniques from nationally renowned expert Robert Keebler and other leaders in the financial planning field. A few of those techniques, potentially highly applicable for 2015 financial planning, are summarized below.

ADVANCED IRA PLANNING Keebler, of Keebler & Associates, discussed a variety of types of Roth conversions: strategic, tactical, opportunistic, and hedging. He noted that in times of higher market volatility, the use of multiple Roth IRA conversions, with separate accounts for different asset categories, may provide taxpayers with greater opportunities to achieve portfolio appreciation that is tax-free while, concurrently through the Roth’s recharacterization (“undo”) technique, avoiding non-deductible losses for those classes that have declined in value. This technique may be especially beneficial in markets where there is a low correlation between performances of various asset classes. Keebler also discussed the use of Irrevocable Life Insurance Trusts (ILIT) to avoid what is described as the “Inherited IRA Tax Spiral,” a situation in which potentially more than 60 percent of an IRA’s payout is used to cover applicable estate and income taxes. The ILIT can provide estate tax liquidity while also leveraging the grantor’s generation skipping tax exemption and annual gift tax exclusion.

PLANNING FOR SAME-SEX COUPLES, POST DEFENSE OF MARRIAGE ACT Tom Tillery, of Paraklete Financial, provided an update in planning for same-

sex couples following the Supreme Court ruling that a portion of the Defense of Marriage Act (DOMA) is unconstitutional. While noting there is still uncertainty with respect to some legal aspects of same-sex marriage, Tillery reviewed some of the current practical applications and issues. The IRS, for example, will recognize a marriage for federal tax purposes in cases where it legally occurred in a jurisdiction that recognizes such unions, irrespective of the couple’s current place of domicile. Similarly, the Department of Labor, for ERISA purposes, will also recognize marriages that took place in jurisdictions that recognize such unions. The Social Security Administration, however, will award Social Security benefits depending upon where the couple was domiciled at the time when an application was filed for benefits. As an illustration of still-evolving policy, an example was presented of the Department of Defense authorizing allowances of special leave for members of the military in order for them to be married in a state that recognizes samesex marriage. Tillery recommended, in light of the Supreme Court ruling, that advisers review with their married same-sex clients potential opportunities to recover back taxes, through amended returns. For example, one opportunity might arise in which an employee purchases health insurance for a same-sex spouse through an employer’s health plan on an after-tax (rather than before-tax) basis.

dramatically declined since 2000, when more than 100,000 federal estate tax returns were filed, to 2013, when it is estimated that there are only about 4,000 taxable estates. A key change for practitioners, beyond the higher dollar amount of the estate tax credit, is the portability feature that has largely reduced, for federal tax purposes, the usefulness of bypass trusts. These trusts had frequently been employed, under prior law, to preserve the estate tax exemption, following the death of the first spouse. Bypass trusts may, however, still be relevant at the state tax level (e.g., Maryland ), where an estate and / or inheritance tax may apply, even when there would be no federal estate tax. Advisers, considering the use of bypass trusts, will have to weigh the potential state tax benefits versus the loss of a potential step-up in asset basis at date of death. The conference also featured a “Best Ideas” panel discussion and presentations by Jodi Davis (“So You Think You Know Social Security”), Lyle Benson (“The Past, Present and Future of the CPA Financial Planning Profession”), and Anirban Basu (“Economic Update”). Planning is well under way for the 30th annual Advanced Personal Conference, scheduled for Oct. 30, 2015. MACPA members are encouraged to sign up now for what promises to be another highly engaging and relevant conference. Seth Hammer, CPA, is a professor of accounting at Towson University.

ESTATE PLANNING Michael Kitces, of Pinnacle Advisory Group, discussed developments in the estate tax area, beginning with a review of how the scope of the estate tax has STATEMENT

2015

Business & Industry CONFERENCE

Helping CPAs become strategic advisors for their organizations Business & Industry is an annual conference that provides content relevant to CPAs in B&I sectors. B&I is a one day event featuring a new content theme every year.

MAY 7

Ellicott City | Event ID: 121011 | Turf Valley Resort & Conference Center

macpa.org/IndustryConf

FORENSIC VALUATION conference 2015

DIG DEEPER. SEE MORE. OFFER CLARITY. April 24 | Event ID: 121013 | Hilton Baltimore BWI Airport

JAMES R. HITCHNER, CPA/ABV/CFF, ASA

Financial Valuation Advisors, Managing Director RON SEIGNEUR, MBA CPA/ABV/ CFF, ASA, CVA

Seigneur Gustafson, LLP, Manager Partner

2015 Conference Sessions MIKE PELLEGRINO

Pellegrino and Associates, President

MARK S. WARSHAVSKY, CPA/ABV, CFF, CVA, CBA, ASA, CFE, MAFF, DABFA, MBA

Gettry Marcus CPA, P.C., Partner-In-Charge

• Fraud Investigation Federal Agency • Calculating Liquidation Values for Early Stage and Other Hi-Tech Forensic Tools & Techniques • Dealing with the IRS on Valuations • Using CaseMap for a Forensic Investigation • Valuation Issues in Shareholder Disputes Resolved by the Delaware Court of Chancery • Reconciling Appraisals in Business Valuations • Expert Witness Testimony • Business Valuation Issues in Divorce

CONTINUING EDUCATION Nationally renowned speakers on tap for Forensic Valuation Services Conferences T HI R D A NN U AL E V E N T SE T FOR APRIL 24 AT T HE BWI HILT O N

The MACPA’s annual Forensic Valuation Services Conference just keeps on growing. This year’s event, scheduled for April 24 at the BWI Hilton, has expanded to nine CPE hours while being co-sponsored by the Maryland and Washington, D.C., chapters of the ASA and ACFE. The conference will again feature national speakers at regional prices, and will showcase local experts as well. The event is becoming a staple for regional practitioners who are looking for an opportunity to hear the latest developments in valuation and forensic accounting while staying local. Attendees can bring managers and seniors without the travel costs, and group discounts are being offered as well. This year’s speakers will include the following:

JAMES HITCHNER Hitchner is managing director of Financial Valuation Advisors and president of the Financial Consulting Group. He is also CEO of Valuation Products and Services, which created and distributes the Business Valuation Standards Compliance Toolkit and presents monthly webinars. He is editor-in-chief of Financial Valuation and Litigation Expert, a bimonthly journal that presents views and tools from some of the leading experts in valuation, forensics / fraud and litigation services. He will be presenting his annual new year BV update, “New Concepts, Data, Models, and Methods for 2015.”

RON SEIGNEUR Seigneur has more than 25 years of valuation experience and has been

APRIL 2015

endorsed as an expert witness in several jurisdictions. He has served in appointments such as trustee, mediator, arbitrator, and special master of the court. Seigneur is active nationally as an educator and author of valuation science and has written and taught advanced-level valuation courses in several states for the AICPA, the NACVA state bar associations, and the Environmental Protection Agency. His session will provide attendees with an opportunity to give thought to a number of tactics and techniques to optimize practice management and improve productivity and profits. Seigneur will offer a number of ideas from his own BVFLS practice, together with lessons learned from many of the professionals he has provided consulting support to over the years.

MIKE PELLEGRINO Pellegrino is founder and president of Pellegrino and Associates, LLC. As a leading expert in the embedded software and intellectual property valuation industry, he focuses on providing credible and equitable valuations for investment and tax reporting purposes. With his cutting‐edge approach, Pellegrino challenges old practices and develops new, applicable methods to aid IP valuation. His approach helps valuation analysts assess risk and quantify discount rates, select proper valuation methods, and perform necessary due diligence. Pellegrino has testified in court proceedings regarding IP and software valuation cases and has been applauded for his efforts. His presentation will focus on valuation issues in early stage and high-tech businesses.

MARK WARSHAVSKY

P.C. As a consultant to law firms, financial institutions, insurance companies, businesses and individuals, Warshavsky provides services in varied areas of forensic accounting and business valuations, including complex commercial litigation assignments. His experience includes lost profits and commercial damage modeling, shareholder disputes, marital dissolutions, forensic accounting investigations, business bankruptcy, and gift and estate tax filings. Warshavsky teaches business valuation and forensic accounting courses nationwide, and has taught college-level accounting and finance courses. He is frequently requested to testify as an expert witness because of his knowledge, experience, and reputation. His presentation will cover the latest in forensic accounting tools and techniques. The conference will offer 10 workshops in all, plus a lunch presentation by Lexis / Nexis on CaseMap as a forensic tool. Topics will appeal to both the experienced professional as well as those new to the field. Member registration is $295. Please book early as space is limited. Register at MACPA.org/ForsensicValuation. The MACPA FVS Committee is always interested in new members and new ideas for programs. The FVS Committee is supported by our MACPA coordinator, Paige Sawicki, the MACPA’s professional development coordinator. If you are interested in more information about the committee and upcoming events, call (443) 632-2312, e-mail paige@macpa.org, or visit the MACPA website at MACPA.org.

Warshavsky is partner-in-charge of the Business Valuation and Litigation Services Group at Gettry Marcus CPA,

MACPA COULDN’T DO EVERYTHING THAT WE DO FOR OUR MEMBERS WITHOUT OUR PREFERRED PROVIDERS & PREMIER SPONSORS MACPA PREFERRED PROVIDERS

MACPA PREMIER SPONSORS

For information about sponsoring MACPA programs or to learn more about advertising with the MACPA please contact Andrew Hood at 443.632.2323 or andrew@macpa.org

LEADERSHIP ACADEMY JUNE 3-5

Fostering CPAs’ leadership and strategic skills to move careers forward, faster

In the fast-approaching future, successful CPAs must be leaders. Leadership Academy is the starting point for unlocking the full potential in the profession’s best and brightest young CPAs. This three-day event is cited by past participants as a transformative boost to their careers.

Event ID: 371001 • Towson • Sheraton Baltimore North

macpa.org/LeadershipAcademy

BUSINESS & INDUSTRY FRF for SMEs getting recognition in the marketplace B Y TH E A I C PA

In your role as trusted business adviser, you’re always looking for helpful ways to address your clients’ pain points. Imagine being able to provide your small business clients with common sense solutions on certain financial reporting requirements with a new financial reporting framework. That’s exactly what Wisconsinbased accounting firm KerberRose has done in approaching its existing GAAP-based and income-taxbasis clients and encouraging them to consider the Financial Reporting Framework for Small- and Medium-Sized Entities, a non-GAAP reporting option for ownermanaged, privately held companies. The firm has moved about a quarter of its privately held small business client base to the FRF for SMEs accounting framework, and the response from both clients and their financial statement users has been very positive. Since its release in 2013, the FRF for SMEs has been gaining traction among CPAs, financial statement users and small businesses across the country. A March 2014 op-ed piece by the editor of the American Bankers Association

ABA Banking Journal (MACPA.org/ SMEs) highlighted the framework and encouraged banks to consider accepting financial statements based on the framework to stay competitive in the small business marketplace. Ongoing AICPA educational campaigns have helped to keep the framework top of mind with financial statement users and owners of small businesses.

CPAS ENGAGING CLIENTS AND BUILDING OPPORTUNITIES The AICPA has received positive feedback from practitioners using the FRF for SMEs Toolkit for CPAs and Firms. Armed with the kit’s informative tools and resources, practitioners are seeing strong outcomes from their client and lender outreach. A new case study — one of two developed for the refreshed toolkit — demonstrates how CPA firms like KerberRose are encouraging clients to adopt the framework.

Additionally, the AICPA’s Private Companies Practice Section’s frameworkrelated networking groups have identified lessons-learned and helpful tips that CPAs have employed in their efforts with clients and lenders to gain acceptance of the framework. Practitioners can request to join the FRF for SMEs networking groups by e-mailing pcps@aicpa.org. Be sure to indicate the size of your firm in your message so the AICPA places you in a networking group with your peers. “The FRF for SMEs accounting framework reinforces CPAs’ reputation as trusted, knowledgeable professionals who apply the most up-todate accounting techniques and practices to provide information that is tailored to clients’ or employers’ needs,” said Tom Hood, CPA, executive director of the Maryland Association of CPAs. “Helping stakeholders understand the FRF for SMEs is a great way for CPAs to showcase themselves within their community. Since FRF for SMEs is coming from the CPA profession, businesses will know it comes from a trusted source.”

MARKETPLACE ACCEPTANCE AND COMPETITIVE ADVANTAGE A targeted educational campaign to bankers and small businesses, which ran

CONTINUED ON PAGE 35

STATEMENT

Accounting, Administrative DEVELOP Practice, Auditing, Business Law, Business YOUR Mgmt & Organization, BEST Communications, TEAM. Computer Science, Economics, Ethics (Behavioral & Regulatory), Finance Marketing, Mgmt Advisory Services, Personal Development, Personnel/HR, Social Environment of Business, BLIonline.org/catalog Specialized Knowledge & Application, Taxes Every course in the Business Learning Institute Course Catalog can be customized for your organization and brought on-site to your office. BLI instructors are known for their expert knowledge (each teaches his or her own curriculum), but also for their engaging personalities.

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Be more in Baltimore Whether you’re adding anti-fraud skills to your résumé or learning advanced investigation techniques, you’ll find the resources you need to become a more effective fraud fighter at the 26th Annual ACFE Global Fraud Conference. Join more than 3,000 anti-fraud professionals from around the world in Baltimore, June 14-19, and experience for yourself why this is the can’t-miss event for anti-fraud professionals.

“There is no better anti-fraud training than the annual ACFE conference.” — Rick Panske, CFE, CPA, CFF Oshkosh Corporation

Keynote Speakers Include:

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over the summer, homed in on the FRF for SMEs’ value for each stakeholder. For bankers, the advertisements focused on the competitive advantage for lenders who accept statements based on the framework. Similarly, web banners targeted to small business owners highlighted the cost benefits for the company: ease of using the framework as well as the relevance of the information provided by FRF for SMEs financial statements. Stakeholders from all over the U.S. have seen banner ads in a variety of online financial and mainstream publications. “Our members will be pleased to know we and the AICPA support the FRF for SMEs framework with this nationwide educational campaign,” said Hood. “With the increase in market awareness, CPAs have a real opportunity to capitalize on providing FRF for SMEs-related services.”

NEW AND UPDATED RESOURCES HELP PROMOTE YOUR EXPERTISE The AICPA has developed new, free resources to help stakeholders understand the FRF for SMEs option. Three toolkits are available: one for CPAs (MACPA.org/

CPAtools), another for users of financial statements (MACPA.org/FinancialTools) and a third for small businesses (MACPA. org/BizTools). In addition, the AICPA has updated and refreshed other resources to help CPAs support the framework and promote their services among clients and banks. As you prepare 2014 financial statements, consider whether FRF for SMEs is your client’s best financial reporting option. If it is, these resources will help you convey how the framework delivers financial statements that provide useful, relevant information in a simplified, consistent, cost-effective way. Among the new and updated resources are: FIRM TOOLS — CLIENT-FACING • (New) Customizable sample financial statement/comparison spreadsheet • (New) Co-brandable versions of the educational backgrounder and flyer • (New) Client interest survey • (Updated) Educational flyer • (Updated) PowerPoint presentation

BLI e press L E A D E R S H I P

macpa.org/bliexpress

FINANCIAL STATEMENT USER TOOLS • (New) Sample financial statement/ comparison spreadsheet • (New) Article from the American Bankers Association Banking Journal • (New) Case study from the banker perspective • (New) Co-brandable versions of the educational backgrounder and flyer • (Updated) Educational flyer • (Updated) PowerPoint presentation INTERNAL / STAFF-FACING TOOLS • (New) Case study from CPA perspective • (New) Article from the American Bankers Association Banking Journal • (New) Tips for presenting the FRF for SMEs to financial statement users • (Updated) PowerPoint presentation CPAs can download the FRF for SMEs framework and related educational resources for free. Use the toolkit, tailored by firm size, to discuss the framework with clients, employers and users of financial statements.

ON-DEMAND VIDEO COURSES LEADERSHIP PACKAGE

50+ CPE credits per year for

$195

For group sales discounts call Laura Dorsey-Shaner at 443.632.2334 or laura@macpa.org.

HIGH-TECH SOLUTIONS Maximizing buy-in for your technology & process changes B Y DU STI N H O STE TLE R Change is difficult. It’s hard. Especially in the business world. Whether the change involves a change in software or a change in process steps, many organizations struggle mightily to execute and implement these changes. Part of the reason is a natural human tendency to be resistant to change. There’s no doubt that a range exists in the level of resistance person to person. But a key point to understand is that everyone has at least a little fear deep inside when something changes or they’re required to do something differently than what they’ve become accustomed to. There’s often an initial emotional reaction before a logical reaction settles in. Understanding and managing this dynamic is crucial to effectively and successfully implementing process improvements. I always like to say the following to help make this point: A firm may have the best technology available and have a worldclass process documented on paper, but if their people don’t buy in, it’s not worth very much. If you want to maximize your ROI on technology and process improvements, it’s an absolute must to spend time developing a strategy to address the human element of change.

ADDRESSING THE ‘WHY’ There are two main questions to address to help bridge the gap between the initial emotional reaction to change and the longer-term reaction of logic. Both of them involve having a complete understanding of the “why” question. The first burning question everyone has when a process change is being introduced is, “Why do we need to change?” We call this the “Current State Tollgate.” Before you have a chance to secure buy-in to the new changes, you have to effectively answer this question and pass this tollgate mentally with your team. You need to show that this isn’t just about

change for change’s sake. The second question, assuming we have passed the first question, is, “Why will these changes be better?” We call this the “Future State Tollgate.” Assuming you’ve effectively explained the why as to why the change is needed, you next need to make the jump and explain why the solutions you’re proposing are better than the current state. Everyone wants to know: What certainty can you provide that you’ve done your homework? Are these changes addressing the true opportunities for improvement? Once we get over the initial learning curve, will these changes drive efficiency? Do your homework by explaining these two “why” questions and you’ll be much quicker to build the bridge to understanding.

BUILDING THE CASE THROUGH DMAIC A powerful methodology to follow to make sure you’re effectively answering the “why” questions is to follow the Lean Six Sigma D-M-A-I-C process improvement model. The model involves following these five steps:

DEFINE: Create the vision, define the objectives, identify the scope of the process change, and create timelines for project completion.

MEASURE: Map out and thoroughly understand the current state of your process. Not what should be happening or what is documented on paper currently. Map out what is actually happening today – and all of the variation between offices and individuals.

ANALYZE: Tear the process down. Identify the inefficiencies and waste. Identify the work loops and churn. Identify the quality issues. Ultimately, identify the areas of opportunity.

IMPROVE: Develop ideas and solutions into the areas of opportunity discovered during the Analyze phase. Make sure you’re not just applying best practices to a part of the process that isn’t a root cause area of weakness. That leads to ineffective change and convoluted processes. Document the future state process.

CONTROL: Take the time to train, roll out, and implement the new process. This is where the nail must be hit on the head with regard to addressing the “why” questions. If you did your homework in Define, Measure, and Analyze, this step in the methodology is much smoother.

SECURE YOUR ORGANIZATION’S BUY-IN You can invest time in the research, opportunity assessment, and strategy for implementation and see organizational change happen much more smoothly and effectively. Essentially, invest time and, in return, save immediate multiples of that time invested. Or, you can get caught up in the constant daily churn and say you don’t have time for doing your homework. The results will be suboptimal performance and execution of the change you’re adopting. To leading organizations, it’s a no-brainer. Leading organizations understand the importance of understanding and explaining the “why” when changes are made. Following the DMAIC model is a great way to help secure buy-in through the “why” questions. You may not get 100 percent across the board initial buyin, but you’ll be well past the threshold of resistance and will be on the path to success. Dustin Hostetler is a shareholder and Lean Six Sigma consultant for Boomer Consulting. Contact him at dustin. hostetler@boomer.com.

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CPE

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STATEMENT

MEMBER NOTES NEWS & VIEWS Lisa Blackmore, MBA, CPA, has been named a partner with Squire, Lemkin + Company, LLP. Michael Chambers, MSM, a CPA Candidate member of the MACPA, has joined the Audit Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A. Matthew P. Chance, CPA, has been named a partner with Wigglesworth, Layton & Moyers, P.C. Brian J. Crepeau, CPA, has been named the head of the Tax Controversy practice group at Rosenberg Martin Greenberg. Brett Friedman, CFP, who is in charge of the Tax and Financial Services Departments at DeLeon & Stang, CPAs and Advisors, has been named co-chair of Young Professionals at the Gaithersburg-Germantown Chamber of Commerce. Kim Fusco, CPA, and Bryan Porter, CPA, have been appointed to principals within the audit, accounting and consulting department at Ellin & Tucker. In their expanded roles, Fusco and Porter will take the lead on client engagements in the not-for-profit industry and the construction and manufacturing industries, respectively. Elizabeth S. Gantnier, CPA, CGMA, president and director of quality control with Stegman & Company, is celebrating her ninth anniversary with the firm.

Kelly Gilmartin, BBA, a CPA Candidate member of the MACPA, has joined the Audit Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A. Kayla Gross, CPA, has been promoted to principal in the Baltimore office of CohnReznick LLP. Nick Grueninger, CPA, has joined Stegman & Company as a senior accountant in the firm’s audit department.

Judy K. Hebb, CPA, has been promoted to manager at the Hagerstown office of Smith Elliott Kearns & Company. She specializes in providing tax and accounting services to a wide variety of businesses and individuals. Karen Hess, CPA, has joined Gross, Mendelsohn & Associates, P.A., as an entry-level staff accountant in the tax department of the firm’s Baltimore office.

APRIL 2015

Jerry Housand, CPA, a supervisor in the audit and accounting department at Gross, Mendelsohn & Associates, P.A., has earned the CPA designation. Chris Johns, CPA, a semi-senior accountant in the audit and accounting department at Gross, Mendelsohn & Associates, P.A., has earned the CPA designation. Seth Kossman, CPA, who practices in the Tax and Business Groups at Ober | Kaler, has been elected as principal at the firm. Robert B. Lechter, CPA, Certified Forensic Accountant, recently passed the examination for the Master Analyst in Financial Forensics (MAFF) credential, offered by the National Association of Certified Valuators and Analysts. David Leipnik, CPA, a supervisor in the tax department at Gross Mendelsohn, has earned the Certified Valuation Analyst (CVA) designation. Ryan Letke, CPA, has become a full partner at WeberMessick. He joins existing partners Michael Weber, CPA, and Brian Messick, CPA. Dick Locastro, CPA, JD, who has served as tax principal at Gelman, Rosenberg & Freedman CPAs since 2007, has been promoted to tax partner.

Anna Vitale Lybrook, CPA, a shareholder at Stoy, Malone & Co., P.C., has been re-elected treasurer of the Ed Block Courage Award Foundation. She serves as a member of the Foundation’s Executive Committee. The Foundation is dedicated to raising awareness and prevention of child abuse. In addition, Ms. Lybrook has been elected treasurer of the Patterson High School Class of 1975 Reunion Committee.

Sayo Macino, CPA, has joined Stegman & Company as a senior accountant in the firm’s tax department.

Erin Mazurkevich, CPA, has joined Gross, Mendelsohn & Associates, P.A., as an entry-level staff accountant in audit and accounting department of the firm’s Baltimore office. Peter O. McDonald, CPA, has been admitted as a member of Smith Elliott Kearns & Company.

MEMBER NOTES CONT. Scott E. Murray, CPA, MBA, has joined the Tax Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A., as a tax supervisor. Mary Beth Norwood, CPA, co-managing partner of CohnReznick’s Baltimore office, has been selected to receive the Dean’s Circle of Excellence Award from Mount Saint Mary’s University. The highest honor a Dean can bestow at “the Mount,” the Dean’s Circle of Excellence is the University’s alumni “Hall of Fame,” recognizing graduates for their outstanding accomplishments in their profession and communities, and for their ongoing commitment to the mission of Mount Saint Mary’s.

Raymond J. Plummer, CPA, has been admitted as a partner with Bormel, Grice & Huyett, P.A.

John Somerville, CPA, has been appointed the position of senior tax manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A.

Rich Stang, CPA/ABV, PFS, a founding partner of DeLeon & Stang, CPAs and Advisors, has been elected president of the Corporate Volunteer Council of Montgomery County. The organization educates businesses on how to partner with and support non-profit organizations by helping create successful volunteer / charitable programs that positively impact the business, its employees and the local community. Deborah Wallace, CPA, CFE, has been appointed the position of integrated services manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A. Kimberly J. Wines, SPHR, AAAPM, firm administrator at Smith Elliott Kearns & Company, LLC, has been awarded the SHRM Senior Certified Professional certification by the Society for Human Resource Management. The designation recognizes HR professionals who develop strategies, lead the HR function, foster influence in the community, analyze performance metrics, and align HR strategies to organizational goals. Laura Wittig, CPA, has been appointed the position of tax manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A.

FIRM NOTES DeLeon & Stang, CPAs and Advisors, has been awarded Small Business of the Year for Volunteerism from the Corporate Volunteer Council of Montgomery County. The firm was presented with the award at the CVC-MC annual lunch in November. This was the first time the firm has received the award. DeLeon & Stang is ranked 43rd in the Washington Business Journal’s ranking of the top 50 accounting firms in the Washington, D.C., area. Gross, Mendelsohn & Associates, P.A., has been named one of the Baltimore Sun’s “Top Workplaces” for a third consecutive year. The award honors Baltimore-area businesses that offer outstanding work environments for employees.

Halt, Buzas & Powell, Ltd., has been ranked No. 28 in the Washington Business Journal’s 2015 list of the top 50 accounting firms in the Washington, D.C. area. KatzAbosch has launched a new website dedicated solely to the firm’s government contracting niche. The site can be found at www.katzaboschgovcon.com. Ribis, Jones & Maresca, P.A., and McQuade Brennan LLP have merged effective Feb. 1. The combined firm will operate under the name Jones, Maresca & McQuade, P.A. Stegman & Company is celebrating its 100th anniversary this year. It is the oldest locally owned public accounting firm in Maryland.

Gross, Mendelsohn & Associates, P.A., has merged with Vogel, Dean & Lill, PLLC, a Fairfax, Va.-based CPA and consulting firm. The merger took effect on Jan. 1.

STATEMENT

Bring SPF. Take CPE.

M AC PA

2015

JULY 1, 2, & 3 OCEAN CITY, MD | CLARION RESORT FONTAINEBLEAU HOTEL

The MACPA Beach Retreat is held every year in Ocean City, MD. Thereâ&#x20AC;&#x2122;s no other time you can get CPE at the beach! Members are encouraged to bring families and make Beach Retreat part of a working vacation. Four learning tracks are

offered every year, and participants are invited to take as many (or few) sessions as they like.

macpa.org/BeachRetreat

MEMBER SERVICES WELCOME, NEW AND REINSTATED CPA CANDIDATE MEMBERS! ANNE ARUNDEL CHAPTER YOLANDE C. PROSPER GEOFFREY L. SURPRENANT

CAPITAL AREA CHAPTER JOSEPH A. HERNANDEZ COURTNEY L. MCKENZIE CLEMENT NGAMO ANQI WANG

CENTRAL MARYLAND CHAPTER AMY D. CLEMENT PATRICK J. DRUM JAMES DRURY ANDREW J. ECKERT DAWIT W. GEBREGIORGIS

SOPHIA GLUCK JACOB KOWALSKI WING LAM MIRIAM LIPSKY ERIN N. MAZURKEVICH ANGELA N. MOORE CAROLYN R. PEARSON

WELCOME, NEW AND REINSTATED MACPA MEMBERS! ANNE ARUNDEL CHAPTER REID ELLIS JR, CPA VINCENT R. IATESTA, CPA KRISTIN E. KRAWCHUK, CPA FRANCES W. KUSHNER, CPA NATALIA LEITER, CPA SHARON J. MILLAWAY, CPA STEVEN L. ROGERS, CPA SCOTT M. TARNOSKY, CPA CAPITAL AREA CHAPTER MARC I. ALBERSTADT, CPA RICARDO C. ASHBY, CPA MOE AUNG, CPA SOLOMON D. AYELE, CPA GABRIELLE R. CHAPMAN, CPA PATRICIA R. CONRAD, CPA JEFFREY R. COOK, CPA, CITP,CIPT,CISA STEPHEN H. CROMWELL, CPA MOHAMED DENDEN, CPA JOHN T. DEVINE, CPA, PFS KRISTOFER GOCHENOUR, CPA, CGMA LALITKUMAR D. GOHIL, CPA VINCENT GOMES, CPA MARY R. GRAY, CPA JIARONG GUO, CPA JOHN M. HARTZ, CPA IRA S. HOLMES, CPA BERTHIL JAMES, CPA, MBA LAWRENCE F. JONES, CPA, MBA,CFE,CIA EMERSON H. LEE, CPA KEVIN B. LOTENBERG, CPA, CMA,MSA

TAMBA S. MAYAH, CPA JEANNE M. MCMILLEN, CPA JASON S. PATTEN, CPA AMANDA R. RAMAN, CPA CHRISTOPHER J. ROBINSON, CPA ANDREA SHORTER, CPA STEPHEN J. SILVER, CPA TERESA F. SMITH, CPA MARK T. STEELE, CPA KARL R. THORN JR., CPA JOHN H. WALKER, CPA EDWARD J. WEISBERGER, CPA PAUL A. WEST, CPA HECTOR J. WUOR, CPA, MSC MATTHEW H. ZAPPONE, CPA CENTRAL MARYLAND CHAPTER MATTHEW E. BIRKELIEN, CPA JOSEPH V. CARLOZO, CPA, CFP CHUI YI CHEUNG, CPA JOHN D. COGGINS III, CPA MICHAEL W. CREASY, CPA MARY E. DODSON, CPA LAUREN FADER, CPA WAYNE J. FELDER, CPA WILLIAM H. FINK III, CPA EDWARD M. FRERE JR., CPA ROBIN A. GUNDERSEN, CPA

ALBERT S. HAHM, CPA RYAN HARVEY, CPA BRIAN E. HOCKENBROCK, CPA VIVIAN H. HUDEC, CPA PEGGY JENKINS, CPA J S. JONES, CPA ERIN KALISH, CPA VERNA KAROLENKO, CPA VICTOR LIPNITSKY, CPA LIN LUO, CPA KEVIN R. MATUSZAK, CPA SEAN MODERACKI, CPA MICHAEL E. O’HEIR, CPA MATTHEW J. PEARSON, CPA MATTHEW P. PIAZZA, CPA UMESH K. POKHREL, CPA, MBA COLLEEN E. ROSENSTEEL, CPA VALERIE A. SHEEHAN, CPA DAVID J. STEINER, CPA JOSEPH M. STELLA, CPA SHARON STEWART, CPA, MBA JOHN B. TUNNEY, CPA BENJAMIN VELDMAN, CPA PATRICIA T. VELEZ, CPA GERALD W. VON AHN III, CPA JENNIFER L. WELSH, CPA BARBARA A. WILSON, CPA SHUXIN ZHENG, CPA

EASTERN SHORE CHAPTER LUKE A. BLAZEJAK, CPA MID-MARYLAND CHAPTER TIMOTHY M. DELBRUGGE, CPA JEREMY A. KNOTT, CPA, MBA SUSAN E. PEART, CPA DONALD R. SCHILLING, CPA AISLINN E. SWEENEY, CPA MELISSA A. WALTER, CPA JEREMY J. WENGERD, CPA SOUTHERN MARYLAND CHAPTER BETH A. KENNEDY, CPA WESTERN MARYLAND MELISSA A. MORAUER, CPA OUT OF STATE JOSEPH W. BENCIVENGA, CPA ROCHELLE J. BROWN, CPA CHRISTOPHER D. CAREY, CPA HOLLY CARNEVALE, CPA LINDSEY J. DENT, CPA TERESA L. GREIDER, CPA TIMOTHY J. HENNESSEY, CPA

STATEMENT

What is NYPN? Young professionals are faced with unique challenges – passing the exam, navigating career paths, and finding a place in the profession. That’s why in 2003, the MACPA created its first young professionals network. Since its inception, the New / Young Professionals Network (NYPN) has been engaging young CPAs in Maryland with opportunities for professional development, networking, and volunteerism. Learn more at macpa.org/ NYPN.

GET INVOLVED The NYPN Advisory Board has determined networking, student outreach and professional development to be the three areas that are most critical to the development of young professionals and the future of the profession. You can get involved in these areas by serving on one of our sub-committees. For more information, please reach out to the MACPA’s Manager of Membership Development and Engagement, Rebekah Brown, at rebekah@macpa.org.

NYPN LEADERSHIP CHAIR: Debra Hale, CPA, Weil, Akman, Baylin & Coleman, P.A. VICE CHAIR / CHAIR-ELECT: Stephen Hohne, CPA, Hertzbach & Company SECRETARY / TREASURER: Kuo Lee, CPA, CrossCountry Consulting PAST CHAIR: Nick Hollander, CPA, L&H Business Consulting ACTIVITIES CHAIR / PROFESSIONAL DEVELOPMENT CHAIR: Jennie Hammett, CPA, Gorfine, Schiller & Gardyn PUBLIC RELATIONS / OUTREACH CHAIR: Barrett Young, CPA, The Green Abacus AT-LARGE MEMBER: Kathryn Koza, CPA, Grant Thornton, LLP AT-LARGE MEMBER: Harry Sturgis, CPA, Weyrich, Cronin & Sorra Chtd.

APRIL 2015

CLASSIFIEDS mergers & acquisitions

job openings

QUALITY CPA FIRM WISHES TO ACQUIRE PRACTICE OR ACCOUNTS in Baltimore/Washington/

EXPERIENCED ACCOUNTANTS

Annapolis area, or possible association with retirement-minded

provider of accounting, tax and business consulting services,

practitioner. “Top Dollar Paid.” Reply in strictest confidence to

specializing in services to the real estate industry. Grossberg

410.539.7100, or File No. 63-87.

Company LLP has a well-known reputation of unparalleled

SANTOS POSTAL & COMPANY, PC, a nationally recognized CPA firm located in Rockville, MD, is enhancing its organic growth through the acquisition or merger of existing practice or accounts in the Washington metropolitan area. Reply in confidence to File No. 28-91.

THINKING OF SELLING YOUR PRACTICE? Accounting Practice Sales is the leading marketer of tax and accounting practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experience to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. We welcome the opportunity to talk to you about our risk-free and confidential services. For more information please call Bradley Holmes with the APS Holmes Group at 1-800-397-0249 or email Bradley@apsleader.com.

For 90 years Grossberg Company LLP, has been a premier

client satisfaction. At the heart of this success, are professional staff members who possess the skills and training required to survive in the ever-changing world of new tax laws and regulations, advanced technologies and strategic business planning. Built on decades of hard work and timely responsiveness to clients, Grossberg Company LLP devotes a substantial amount of firm resources to training its people, keeping them apprised of the latest developments that may affect their client’s business operations, tax planning strategies and their long-term business objectives. As a result, the employees of Grossberg Company LLP are some of the best and brightest in their field and the casual, laid-back working atmosphere lends itself to producing successful, satisfied professionals. This is an integral part of who we are, why we are successful, and how we have maintained our reputation as one of the best firms in the country. Growth in our business has created opportunities for

INTERESTED IN BUYING A PRACTICE? See

experienced accountants in our Bethesda, Maryland office. If

local and nationwide listings at www.AccountingPracticeSales.

you are seeking to the move to the next level in your career,

com and register for free email updates or call us at 1-800-397-

consider joining the Grossberg Team!

0249.

We are seeking:

LOOKING TO START OR EXPAND YOUR OWN PRACTICE? 15 – 20 monthly Write-Up/

Tax Managers

QuickBooks clients. $60,000 – 70,000 gross. Baltimore metro

Tax Seniors

area. Call 410-539-1147, or e-mail LTSmith4040@gmail.com.

Audit Managers

Tax Supervisors

Audit Assurance Seniors Requirements: BS/BA degree in Accounting or related field 3 to 10+ years of experience Tax or audit and accounting experience in a public accounting arena Ability to research and apply concepts to clients’ situations Proficiency in technical writing and research Ability to communicate with staff at all levels Comfortable with working in a team environment

STATEMENT

Grossberg Company LLP offers a competitive compensation package including training and opportunities for advancement; medical, dental, disability insurance, life insurance, retirement program including profit sharing; paid holidays and vacation, flex-time policy, company sponsored gym membership, and a business casual attire dress code.

BIEGEL WALLER, A SUCCESSFUL AND GROWING COLUMBIA, MD based tax firm serving high net worth individuals is seeking an Experienced Tax Manager to lead and develop their individual tax practice. The successful candidate has a strong individual tax knowledge base (passive/active, at-risk, tax basis, NII, real estate, self-

Qualified candidates should apply on-line at: http://

employment tax, etc.). Trust taxation, financial planning, and an

grossberg.catsone.com/careers

understanding of complex IRA/qualified retirement plan taxation

BALTIMORE COUNTY PUBLIC ACCOUNTING FIRM HAS OPPORTUNITIES

a plus. Bringing a client base is not necessary. Flexible seasonal hours a possibility. See our web site at www.biegelwallerllp.com. Submit resume and cover letter to HR@biegelwallerllp.com.

for an experienced Senior Tax Accountant and Staff Tax Accountant to join our team. Qualified applicants should have at least 2+ years’ experience with individual, partnership, corporate, and trust tax preparation. We have some rather unique clients. REQUIREMENTS: • 2+ years Public Accounting experience • Preparation of 1065, 1120S, 1120, 1040, 990, and 1041 returns • Provide tax research and consulting services in response to tax return issues, client requests and identifying opportunities for tax planning Our firm caters to entrepreneurs and we service a nice variety of industries. We have a casual dress environment, hassle-free parking and WE PAY OVERTIME AND BONUSES until you become partner. Compensation will be based on experience. Candidates should possess strong tax knowledge with a demonstrated ability to thoroughly research and present complex tax issues.

GIVE YOUR COMPANY VALUABLE EXPOSURE TO NEARLY 10,000 MACPA MEMBERS BY ADVERTISING YOUR CLASSIFIED AD IN THE STATEMENT. How to Submit a Classified Ad

To submit a classified ad, please visit macpa. org/submitclassifieds, or contact Amy Moran at 443.632.2319, or by email amym@macpa.org.

CONFIDENTIAL ADS: Replies to confidential ads should be addressed to the file number in care of: Amy Moran MACPA 901 Dulaney Valley Road, Suite 800 Towson, MD 21204 Properly addressed replies will be forwarded to the advertiser unopened. Replies that are not properly addressed will be opened only to determine contents and then forwarded to the advertiser.

ProSeries experience is a plus. Firm has health, dental, vision, life insurance, 401K, profit-sharing, and a generous vacation package. And you did read correctly…..we pay overtime! Please respond to this posting with resume and salary requirements. Send to the attention of Amy Moran at amym@ macpa.org.

APRIL 2015

Upcoming Events & Courses DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

ACCOUNTING & AUDITING 4/14

WEBCAST: Revenue Recognition

9a-5p

$249

$345

11W060A

Online Webcast, Internet

4/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1 p - 4:30 p

$149

$199

11W048A

Online Webcast, Internet

4/17

WEBCAST:Internal Control Essentials for Financial Managers, Accountants, & Auditors

9a-5p

$249

$345

11W051A

Online Webcast, Internet

2015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE

8a-5p

$255

$355

121000

University of MD University College The Inn & Conference Center, College Park

4/20

WEBCAST: Statement of Cash Flows: Preparation and Presentation Options

1p-4p

$149

$199

11W067A

Online Webcast, Internet

4/21

WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork

9a-5p

$249

$345

11W007A

Online Webcast, Internet

4/22

WEBCSAT: New FASB Developments for Business & Industry

1 p - 4:30 p

$149

$199

11W056A

Online Webcast, Internet

4/23

WEBCSAT: Analyzing a Company’s Financial Statement

1 p - 4:30 p

$149

$199

111W002A

Online Webcast, Internet

4/23

WEBCAST: Explore Forensic Techniques to Recognize Fraud

4.5

1p-5p

$149

$199

11W035A

Online Webcast, Internet

4/24

WEBCAST: Construction: Accounting, Auditing, Tax

9a-4p

$245

11W013A

Online Webcast, Internet

4/24

WEBCAST: Update for Accountants and Auditors

9 a - 4:40 p

$149

$199

11W073A

Online Webcast, Internet

4/27

2015 EMPLOYEE BENEFIT PLAN CONFERENCE

8:30 a - 4:40 p

$300

$400

121012

Sheraton Columbia Hotel, Columbia

4/28

FASB / SAS Update (2015 Edition)

8 a - 3:30 p

$295

$395

111005

MACPA Columbia Center, Columbia

4/28

WEBCAST: Fraud in Purchasing and Cash Disbursement

1 p - 4:30 p

$149

$199

11W042A

Online Webcast, Internet

4/28

WEBCAST: Fraud in Revenue and Cash Receipts Cycles

9 a - 12:30 p

$149

$199

11W045A

Online Webcast, Internet

4/28

WEBCAST: Audits of HUD-Assisted Projects

1 p - 4:30 p

$149

$199

11W077A

Online Webcast, Internet

4/29

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1 p - 4:30 p

$149

$199

11W070A

Online Webcast, Internet

4/30

WEBCAST: Compilation, Review, and Accounting Service Update

1p-4p

$149

$199

11W010A

Online Webcast, Internet

CMC: Spring Town Hall 2015

8:30 a - 12 p

$250

140091

Ten Oaks Ballroom & Conference Center, Clarksville

5/18

Auditing Employee Benefit Plans

8 a - 3:30 p

$295

$395

111212A

The Loyola Graduate Center, Timonium

5/19

AICPA’s Annual Update: Top 12 Governmental and Not-forProfit Accounting and Auditing Issues Facing CPAs

8 a - 3:30 a

$295

$395

111213A

Mount Continuing Studies Center, Frederick

5/22

WEBCAST: Audits of 401(k) Plans: Special Considerations

9 a - 4:40 p

$249

$345

11W076A

Online Webcast, Internet

4/17

5/6

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

ACCOUNTING & AUDITING (CONT.) 5/25

Internal Controls and Risk Assessment: Key Factors in a Successful Audit

8 a - 3:30 p

$295

$395

111223

6/2

Not-for-Profit Accounting and Auditing Update

8 a - 11:30 a

$150

$200

111221A

MACPA Columbia Center, Columbia

6/2

Frequent Frauds Found in Not-for-Profits

12 p - 3:30 p

$150

$200

111222A

MACPA Columbia Center, Columbia

6/5

Yellow Book: Government Auditing Standards

8 a - 3:30 p

$345

$395

111215A

MACPA Columbia Center, Columbia

6/17

Internal Controls and Risk Assessment: Key Factors in a Successful Audit

8 a - 3:30 p

$295

$395

111216A

MACPA Columbia Center, Columbia

CAC: Spring Town Hall 2015

8:30 a - 12 p

$250

140092

Johns Hopkins University - Montgomery County Campus, Rockville

6/19

Accounting and Auditing Current Developments

8 a - 3:30 p

$220

$320

111006

Mount Continuing Studies Center, Frederick

6/26

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1 p - 4:30 p

$149

$199

11W093A

Online Webcast, Internet

7/1

BEACH RETREAT: Accounting and Auditing Track - Accounting and Auditing Update- Jennifer Elder, CPA

7:30 a - 11 a

$170

$220

1BR003

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA

12 p - 3:30 p

$170

$220

1BR004

Clarion Resort Fontainebleau Hotel, Ocean City

7/3

BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

$170

$220

1BR014

Clarion Resort Fontainebleau Hotel, Ocean City

7/8

WEBCAST: Fraud in Purchasing and Cash Disbursement

1 p - 4:30 p

$149

$199

11W083A

Online Webcast, Internet

8/14

WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork

9a-5p

$249

$345

11W075A

Online Webcast, Internet

8/14

WEBCAST: nternal Control Essentials for Financial Managers, Accountants, & Auditors

9a-5p

$249

$345

11W085A

Online Webcast, Internet

8/24

WEBCAST: Accounting for Deferred Income Taxes

10:30 a - 6 p

$249

$345

11W074A

Online Webcast, Internet

6/18

TBD, ......

A ICPA W E B C A S T S 4/10

WEBCAST: Financial Forecasting: Planning for Success

1 p - 4:40 p

$149

$199

11W038A

Online Webcast, Internet

4/14

WEBCAST: Revenue Recognition

9a-5p

$249

$345

11W060A

Online Webcast, Internet

4/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1 p - 4:30 p

$149

$199

11W048A

Online Webcast, Internet

4/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

1p-4p

$149

$199

11W063A

Online Webcast, Internet

4/17

WEBCAST: Controller’s Update: Latest Trends

1p-4p

$149

$199

11W016A

Online Webcast, Internet

4/17

WEBCAST:Internal Control Essentials for Financial Managers, Accountants, & Auditors

9a-5p

$249

$345

11W051A

Online Webcast, Internet

4/20

WEBCAST: Statement of Cash Flows: Preparation and Presentation Options

1p-4p

$149

$199

11W067A

Online Webcast, Internet

4/21

WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork

9a-5p

$249

$345

11W007A

Online Webcast, Internet

4/22

WEBCSAT: New FASB Developments for Business & Industry

1 p - 4:30 p

$149

$199

11W056A

Online Webcast, Internet

4/23

WEBCSAT: Analyzing a Company’s Financial Statement

1 p - 4:30 p

$149

$199

111W002A

Online Webcast, Internet

4/23

WEBCAST: Explore Forensic Techniques to Recognize Fraud

4.5

1p-5p

$149

$199

11W035A

Online Webcast, Internet

4/24

WEBCAST: Construction: Accounting, Auditing, Tax

9a-4p

$245

11W013A

Online Webcast, Internet

APRIL 2015

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

AICPA WEBCASTS (CONT.) 4/24

WEBCAST: Update for Accountants and Auditors

9 a - 4:40 p

$149

$199

11W073A

Online Webcast, Internet

4/28

WEBCAST: Fraud in Purchasing and Cash Disbursement

1 p - 4:30 p

$149

$199

11W042A

Online Webcast, Internet

4/28

WEBCAST: Fraud in Revenue and Cash Receipts Cycles

9 a - 12:30 p

$149

$199

11W045A

Online Webcast, Internet

4/28

WEBCAST: Audits of HUD-Assisted Projects

1 p - 4:30 p

$149

$199

11W077A

Online Webcast, Internet

4/29

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1 p - 4:30 p

$149

$199

11W070A

Online Webcast, Internet

4/30

WEBCAST: Compilation, Review, and Accounting Service Update

1p-4p

$149

$199

11W010A

Online Webcast, Internet

5/22

WEBCAST: Audits of 401(k) Plans: Special Considerations

9 a - 4:40 p

$249

$345

11W076A

Online Webcast, Internet

6/3

WEBCAST: IRS Disputes: Identifying Options for Your Client

1 p - 4:30 p

$149

$199

11W086A

Online Webcast, Internet

6/16

WEBINAR: Social Security and Medicare: Maximizing Retirement Benefits

1 p - 4:40 p

$149

$199

11W091A

Online Webcast, Internet

6/26

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1 p - 4:30 p

$149

$199

11W093A

Online Webcast, Internet

6/29

WEBCAST: Capitalized Costs and Depreciation: Key Issues and Answers

10:30 a - 2:30 p

$149

$199

11W079A

Online Webcast, Internet

7/8

WEBCAST: Fraud in Purchasing and Cash Disbursement

1 p - 4:30 p

$149

$199

11W083A

Online Webcast, Internet

7/16

WEBINAR: New FASB Developments for Business & Industry

1 p - 4:30 p

$149

$199

11W087A

Online Webcast, Internet

7/20

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

10:30 a - 6:30 p

$249

$345

11W078A

Online Webcast, Internet

7/20

WEBINAR Compilation, Review, and Accounting Service Update

1p-4p

$149

$199

11W080A

Online Webcast, Internet

7/23

WEBINAR: Financial Forecasting: Planning for Success

1 p - 4:40 p

$149

$199

11W082A

Online Webcast, Internet

7/28

WEBCAST: Tax Planning Strategies for Small Businesses: Corporations Partnerships, & LLCs

1 p - 4:30 p

$149

$199

11W092A

Online Webcast, Internet

8/14

WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork

9a-5p

$249

$345

11W075A

Online Webcast, Internet

8/14

WEBCAST: nternal Control Essentials for Financial Managers, Accountants, & Auditors

9a-5p

$249

$345

11W085A

Online Webcast, Internet

8/21

WEBCAST: Smart Tax Planning Strategies for Individuals

1 p - 4:30 p

$149

$199

11W089A

Online Webcast, Internet

8/24

WEBCAST: Accounting for Deferred Income Taxes

10:30 a - 6 p

$249

$345

11W074A

Online Webcast, Internet

B US I N ESS & I ND US T RY 4/10

WEBCAST: Financial Forecasting: Planning for Success

1 p - 4:40 p

$149

$199

11W038A

Online Webcast, Internet

4/17

WEBCAST: Controller’s Update: Latest Trends

1p-4p

$149

$199

11W016A

Online Webcast, Internet

4/23

WEBCSAT: Analyzing a Company’s Financial Statement

1 p - 4:30 p

$149

$199

111W002A

Online Webcast, Internet

4/24

2015 FORENSIC VALUATION CONFERENCE

8a-5p

$295

$395

121013

Hilton Baltimore BWI Airport, Linthicum

4/28

FASB / SAS Update (2015 Edition)

8 a - 3:30 p

$295

$395

111005

MACPA Columbia Center, Columbia

4/29

Excel Pivot Tables in-depth, Data Analysis Functions and Tips

8 a - 3:30 p

$330

$480

130028

MACPA Columbia Center, Columbia

4/30

Outlook Update and Best Practices for CPAs

12 p - 3:30 p

$150

$200

130030

MACPA Columbia Center, Columbia

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

BUSINESS & INDUSTRY (CONT.) Excel Power User: Macro Programming using Visual Basic for Applications

8 a - 3:30 p

$330

$480

130037

MACPA Columbia Center, Columbia

2015 BUSINESS AND INDUSTRY CONFERENCE

8a-5p

$395

$495

121011

Turf Valley Resort & Conference Center, Ellicott City

5/18

Auditing Employee Benefit Plans

8 a - 3:30 p

$295

$395

111212A

The Loyola Graduate Center, Timonium

5/28

Financial Leaders Forum: Lean Management in a Lean Economy

8 a - 12 p

$200

$250

171006

The Loyola Graduate Center, Timonium

5/29

Financial Leaders Forum: Lean Management in a Lean Economy

8 a - 12 p

$200

$250

171007

Johns Hopkins University - Montgomery County Campus, Rockville

Ethics, Critical Thinking and Fraud

12:30 p - 4 p

$115

$215

171008

Johns Hopkins University - Montgomery County Campus, Rockville

6/2

Frequent Frauds Found in Not-for-Profits

12 p - 3:30 p

$150

$200

111222A

MACPA Columbia Center, Columbia

6/3

2015 MACPA Leadership Academy

9 a - 7:30 p

$1500

371001

Sheraton Baltimore North Towson, Towson

6/4

Excel Pivot Tables in-depth, Data Analysis Functions and Tips

8 a - 3:30 p

$330

$480

130038

MACPA Columbia Center, Columbia

6/16

The Eight Hour MBA: Key Concepts of Adding Value

8 a - 3:30 p

$295

$395

110100

The Loyola Graduate Center, Timonium

6/17

Business Development Skills for Accountants

8 a - 11:30 a

$150

$200

110101

The Loyola Graduate Center, Timonium

6/19

Accounting and Auditing Current Developments

8 a - 3:30 p

$220

$320

111006

Mount Continuing Studies Center, Frederick

6/23

The Business Learning Institute CPA Summit

8a-4p

$295

$395

191008

Martinâ&#x20AC;&#x2122;s West, Baltimore

6/26

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1 p - 4:30 p

$149

$199

11W093A

Online Webcast, Internet

7/1

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

7:30 a - 11 a

$170

$220

1BR001

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

12 p - 3:30 p

$170

$220

1BR002

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)

7:30 a - 1 p

$280

$330

1BR005

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

$170

$220

1BR015

Clarion Resort Fontainebleau Hotel, Ocean City

7/2

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

7:30 a - 11 a

$170

$220

1BR007

Clarion Resort Fontainebleau Hotel, Ocean City

7/2

*BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*

7:30 a - 1 p

$280

$330

1BR011

Clarion Resort Fontainebleau Hotel, Ocean City

7/30

Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done

8 a - 12 p

$200

$250

171010

MACPA Columbia Center, Columbia

8/24

WEBCAST: Accounting for Deferred Income Taxes

10:30 a - 6 p

$249

$345

11W074A

Online Webcast, Internet

5/6 5/7

5/29

EMPLOY E E B E N E F I T S 4/24

2015 FORENSIC VALUATION CONFERENCE

8a-5p

$295

$395

121013

Hilton Baltimore BWI Airport, Linthicum

4/27

2015 EMPLOYEE BENEFIT PLAN CONFERENCE

8:30 a - 4:40 p

$300

$400

121012

Sheraton Columbia Hotel, Columbia

5/18

Auditing Employee Benefit Plans

8 a - 3:30 p

$295

$395

111212A

APRIL 2015

The Loyola Graduate Center, Timonium

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

12:30 p - 4 p

$115

$215

171008

Johns Hopkins University - Montgomery County Campus, Rockville

ETHICS 5/29

Ethics, Critical Thinking and Fraud

FI NAN C I A L PL AN N I N G 6/2

College Savings Plans (PFP Study Group)

9 a - 11 a

$20

$100

182064

MACPA Towson Center, Towson

8/11

The Complete Guide to Preparing Forms 706 and 709

8 a - 3:30 p

$295

$395

111024

TBD, ......

8a-5p

$295

$395

121013

Hilton Baltimore BWI Airport, Linthicum

2015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE

8a-5p

$255

$355

121000

University of MD University College The Inn & Conference Center, College Park

5/19

AICPAâ&#x20AC;&#x2122;s Annual Update: Top 12 Governmental and Not-forProfit Accounting and Auditing Issues Facing CPAs

8 a - 3:30 a

$295

$395

111213A

Mount Continuing Studies Center, Frederick

6/2

College Savings Plans (PFP Study Group)

9 a - 11 a

$20

$100

182064

6/5

Yellow Book: Government Auditing Standards

8 a - 3:30 p

$345

$395

111215A

MACPA Columbia Center, Columbia

6/5

2015 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

$120

$220

121001

Sheraton Columbia Hotel, Columbia

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

1p-4p

$149

$199

11W063A

Online Webcast, Internet

CMC: Spring Town Hall 2015

8:30 a - 12 p

$250

140091

Ten Oaks Ballroom & Conference Center, Clarksville

2015 BUSINESS AND INDUSTRY CONFERENCE

8a-5p

$395

$495

121011

Turf Valley Resort & Conference Center, Ellicott City

CAC: Vision Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140093

Johns Hopkins University - Montgomery County Campus, Rockville

5/28

Financial Leaders Forum: Lean Management in a Lean Economy

8 a - 12 p

$200

$250

171006

The Loyola Graduate Center, Timonium

5/29

Financial Leaders Forum: Lean Management in a Lean Economy

8 a - 12 p

$200

$250

171007

Johns Hopkins University - Montgomery County Campus, Rockville

6/2

College Savings Plans (PFP Study Group)

9 a - 11 a

$20

$100

182064

MACPA Towson Center, Towson

6/3

2015 MACPA Leadership Academy

9 a - 7:30 p

$1500

371001

Sheraton Baltimore North Towson, Towson

6/16

The Eight Hour MBA: Key Concepts of Adding Value

8 a - 3:30 p

$295

$395

110100

The Loyola Graduate Center, Timonium

6/17

Business Development Skills for Accountants

8 a - 11:30 a

$150

$200

110101

The Loyola Graduate Center, Timonium

CAC: Spring Town Hall 2015

8:30 a - 12 p

$250

140092

Johns Hopkins University - Montgomery County Campus, Rockville

FRA U D & FOR E N S I C 4/24

2015 FORENSIC VALUATION CONFERENCE

GO VER N M EN T & N O T- F O R - P R OF IT 4/17

MACPA Towson Center, Towson

M ANAG E M EN T & L E AD E R S H I P 4/16 5/6

5/7

6/18

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

MANAGEMENT & LEADERSHIP (CONT.) 6/23

The Business Learning Institute CPA Summit

8a-4p

$295

$395

191008

Martin’s West, Baltimore

7/1

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

7:30 a - 11 a

$170

$220

1BR001

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

12 p - 3:30 p

$170

$220

1BR002

Clarion Resort Fontainebleau Hotel, Ocean City

7/1

BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

$170

$220

1BR015

Clarion Resort Fontainebleau Hotel, Ocean City

7/3

BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

$170

$220

1BR014

Clarion Resort Fontainebleau Hotel, Ocean City

7/30

Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done

8 a - 12 p

$200

$250

171010

MACPA Columbia Center, Columbia

S P EC I A L I ZED KN O WL E D G E 4/24

2015 FORENSIC VALUATION CONFERENCE

8a-5p

$295

$395

121013

Hilton Baltimore BWI Airport, Linthicum

5/4

WEBCAST: The Anticipatory CPA - The BLI Thought Leaders Series with Dan Burrus

9 a - 12 p

$75

17W142

Online Webcast, Internet

5/4

BLI Thought Leader Series: The Anticipatory CPA” with Dan Burrus”

9 a - 12:30 p

$125

$225

191014

Hilton Baltimore BWI Airport, Linthicum

CMC: Spring Town Hall 2015

8:30 a - 12 p

$250

140091

Ten Oaks Ballroom & Conference Center, Clarksville

Small Businesses Government Contracting (GVC Roundtable)

1p-5p

$30

$40

182060

Southern Maryland Higher Education Center, California

5/8

SMC: Vision Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140094

Bowie Comfort Inn Hotel & Conference Center, Bowie

5/11

MMC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140095

Mount Continuing Studies Center, Frederick

5/13

ESC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140096

Salisbury University Commons Bldg., Salisbury

5/15

SMC: Southern Maryland Blue Crabs Social

6 p - 10 p

$20

$30

140703

Southern Maryland Blue Crabs, Waldorf

5/18

CMC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140097

The Loyola Graduate Center, Timonium

CMC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140098

Loyola University Maryland Graduate Ctr Columbia Campus, Columbia

5/20

Savvy Social Security Planning- For You and Your Clients! (PRC Roundtable)

9 a - 12 p

$50

$60

184021

MACPA Towson Center, Towson

6/5

2015 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

$120

$220

121001

Sheraton Columbia Hotel, Columbia

6/8

AACC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140099

Anne Arundel Community College, Arnold

6/10

WMC: Vision & Strategy Workshop Spring 2015

8:30 a - 12:30 p

$250

140100

Penn Alps Restaurant & Craft Shop, Grantsville

CAC: A&A Update

8 a - 12 p

$60

$70

140502

Johns Hopkins University - Montgomery County Campus, Rockville

CAC: Spring Town Hall 2015

8:30 a - 12 p

$250

140092

Johns Hopkins University - Montgomery County Campus, Rockville

6/25

2015 MACPA Student Leadership Academy

371002

Towson University Union, Towson

7/1

BEACH RETREAT: Innovative Track - Topic on Strategic Pricing - Ed Kles

12 p - 3:30 p

$170

$220

1BR016

Clarion Resort Fontainebleau Hotel, Ocean City

5/6

5/20

6/12

6/18

APRIL 2015

DATE

COURSE TITLE

CPE

TIME

MEMBER

NON-MEM.

EVENT ID

LOCATION

SPECIALIZED KNOWLEDGE (CONT.) 7/2

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

12 p - 3:30 p

$170

$220

1BR008

Clarion Resort Fontainebleau Hotel, Ocean City

7/2

BEACH RETREAT: Accounting and Auditng Track - Jennifer Elder, CPA

7:30 a - 11 a

$170

$220

1BR009

Clarion Resort Fontainebleau Hotel, Ocean City

7/2

BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA

12 p - 3:30 p

$170

$220

1BR010

Clarion Resort Fontainebleau Hotel, Ocean City

7/3

BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA

7:30 a - 11 a

$170

$220

1BR013

Clarion Resort Fontainebleau Hotel, Ocean City

6/3

WEBCAST: IRS Disputes: Identifying Options for Your Client

1 p - 4:30 p

$149

$199

11W086A

Online Webcast, Internet

6/29

WEBCAST: Capitalized Costs and Depreciation: Key Issues and Answers

10:30 a - 2:30 p

$149

$199

11W079A

Online Webcast, Internet

7/1

BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)

7:30 a - 1 p

$280

$330

1BR005

Clarion Resort Fontainebleau Hotel, Ocean City

7/2

*BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*

7:30 a - 1 p

$280

$330

1BR011

Clarion Resort Fontainebleau Hotel, Ocean City

7/20

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

10:30 a - 6:30 p

$249

$345

11W078A

Online Webcast, Internet

7/28

WEBCAST: Tax Planning Strategies for Small Businesses: Corporations Partnerships, & LLCs

1 p - 4:30 p

$149

$199

11W092A

Online Webcast, Internet

8/11

The Complete Guide to Preparing Forms 706 and 709

8 a - 3:30 p

$295

$395

111024

8/21

WEBCAST: Smart Tax Planning Strategies for Individuals

1 p - 4:30 p

$149

$199

11W089A

Online Webcast, Internet

TAX

TBD, ......

T ECH N OL OG Y 4/29

Excel Pivot Tables in-depth, Data Analysis Functions and Tips

8 a - 3:30 p

$330

$480

130028

MACPA Columbia Center, Columbia

4/30

Word Productivity Features and Time-Saving Tips

8 a - 11:30 a

$150

$200

130029

MACPA Columbia Center, Columbia

4/30

Outlook Update and Best Practices for CPAs

12 p - 3:30 p

$150

$200

130030

MACPA Columbia Center, Columbia

5/6

Excel Power User: Macro Programming using Visual Basic for Applications

8 a - 3:30 p

$330

$480

130037

MACPA Columbia Center, Columbia

CMC: Spring Town Hall 2015

8:30 a - 12 p

$250

140091

Ten Oaks Ballroom & Conference Center, Clarksville

6/4

Excel Pivot Tables in-depth, Data Analysis Functions and Tips

8 a - 3:30 p

$330

$480

130038

MACPA Columbia Center, Columbia

6/16

PowerPoint: Create Dynamic Financial Presentations with Business Graphics

8 a - 3:30 p

$330

$480

130031

MACPA Columbia Center, Columbia

CAC: Spring Town Hall 2015

8:30 a - 12 p

$250

140092

Johns Hopkins University - Montgomery County Campus, Rockville

6/23

The Business Learning Institute CPA Summit

8a-4p

$295

$395

191008

Martinâ&#x20AC;&#x2122;s West, Baltimore

6/25

Excel Data Analysis Techniques and Business Graphics

8 a - 3:30 p

$330

$480

130039

MACPA Columbia Center, Columbia

5/6

6/18

STATEMENT

ACCOUNTING & AUDITING CURRENT DEVELOPMENTS

MASTER NEW DEVELOPMENTS IN A&A Accounting and Auditing Current Developments is a fast-paced seminar offering a broad overview of recent changes based on official pronouncements. With an increasing number of accounting standards bodies and ever-changing legislation, this seminar will keep you ahead of the curve.

6/19/15 – FREDERICK – 111006 10/5/15 – COLUMBIA – 111007 11/2/15 – BOWIE – 111008 12/7/15 – TIMONIUM – 111011

M AC PA.O R G/A AC U R R E N T

MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS Dulaney Center II | 901 Dulaney Valley Road, Suite 800 Towson, MD 21204 | www.macpa.org 410. 296.6250 | Fax: 410.296.8713

A TOWN HALL WITH TOM HOOD, CEO, MACPA The insider update on professional trends, regulations, association membership, and learning

CPAs in Maryland attend these town hall-style meetings with Tom Hood to gain invaluable insight in to the always-changing CPA profession. As the CEO of the Maryland Association of CPAs, Tom is uniquely qualified to help "navigate the now.“ Now is when CPAs must thrive – not just for the profession, but for the good of the whole economy.

Date

Event ID Location

05/06 06/18

140091 Clarksville 140092 Rockville