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Young ProfessionaLs What should young accountants focus on?
By Timothy Allen, MBA, PAFM
Business Law
FTC issues final rule banning noncompetes
By Robert J. Simandl, JD, Craig T. Papka, JD, and Maeve G. O’Malley, JD
accounting & auditing
AI in auditing: Big data opportunities and challenges
By Melissa A. Dardani, CPA, CFE, MAcc
taxation
Understanding the differences between sales and income tax: Why it matters
By Holly Hoffman, MSA
ProfessionaL deveLoPment
The value of getting your MBA
By Brenna VanRooy, CPA, MBA
financiaL PLanning
The ins and outs of 529 plans
By Rachel Detert, CPA, MST
PuBLic accounting
Servicers, minders and finders: The path to becoming a leader
By Henry Rinder, CPA, ABV, CFF, CGMA, CFE, DABFA
accounting careers
Career paths in accounting don’t have to fit a mold
By Andy Kamphuis, CPA
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FTC Issues Final Rule Banning Noncompetes
By Robert J. Simandl, JD
On Tuesday, April 23, the Federal Trade Commission (FTC) issued its longawaited Noncompete Clause Rule (the “final rule”). The final rule prohibits noncompete clauses as an unfair method of restraining competition under the Federal Trade Commission Act. The broad scope of the final rule extends to many workers (whether paid or unpaid), including employees, independent contractors, interns, externs, volunteers and apprentices.
Craig T. Papka, JD
Maeve G. O’Malley, JD
The final rule follows the FTC’s proposed rule from January 2023 and ongoing conversations regarding the impact of noncompetes at both the federal and state levels. The FTC contends that of the 26,000 comments received regarding the proposed rule issued in January 2023, approximately 25,000 of the comments were in support of the proposed ban. Nonetheless, legal challenges to the rule and the FTC’s authority are anticipated. In fact, the legal challenges have already begun, with at least two lawsuits being filed against the FTC within 12 hours of the final rule’s release.
The final rule is set to take effect 120 days after publication in the Federal Register; however, the looming possibility of an injunction and court review may delay or invalidate the final rule’s implementation. Nonetheless, employers should familiarize themselves with the final
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The broad scope of the final rule extends to many workers (whether paid or unpaid), including employees, independent contractors, interns, externs, volunteers and apprentices.
rule and prepare for compliance, evaluating options in the protection of the business.
Unfair methods of competition
The final rule prohibits the following as unfair methods of competition:
• To enter into or attempt to enter into a noncompete clause
• To enforce or attempt to enforce a noncompete clause
• To represent that the worker is subject to a noncompete clause
Under the final rule, a noncompete clause is “a term or condition of employment that prohibits a worker from, penalizes a worker for, or functions to prevent a worker from” (1) seeking or accepting work in the United
States with another person or (2) operating a business in the United States after separation from employment with the original employer.
This definition includes but is not limited to such restrictions in employment policies and contractual agreements, whether written or oral. Whether an agreement with an employee is considered a noncompetition agreement will be a fact-specific assessment on a case-by-case basis.
The “prohibits ... penalizes ... or functions to prevent” language used in the final rule in employment agreements and policies is a shift from the specific examples of “de facto noncompete clauses” outlined in the proposed rule. However, this language reflects the desire of the FTC to prevent overly broad restrictive covenants that may act to prevent competition and could be considered a prohibited noncompetition agreement subject to the final rule.
An example may assist in illustrating the application of the final rule. Assume that a nondisclosure agreement (NDA) or confidentiality policy prohibits disclosure of any information obtained during employment, including
publicly available information. Under the final rule, this would be an example of a policy/agreement that is so broad that it would likely be found as functioning to prevent the worker from working in that field following separation. However, if the agreement is revised to reflect that it limits the prohibition to certain confidential information of the employer, which is not generally known and is obtained by the employee solely due to their employment with the employer, the final rule may not prevent an agreement with the worker, as the limitation does not prohibit/restrict the employee from seeking work with a competitor.
Further, the final rule’s definition of a noncompete clause focuses on limitations to competition after employment. Therefore, the rule does not apply to restrictions on competition during the worker’s employment, such as outside employment or moonlighting policies.
The final rule does offer protection for some noncompete clauses already in place and distinguishes enforceability based on the worker’s status. For senior executives (as defined in the final rule), existing noncompete clauses are left intact and may be enforced.
In contrast, noncompete clauses already in place for other workers will become unenforceable as of the effective date. At that time, employers may not enforce or attempt to enforce the noncompetition agreement; nor may they represent that the worker is subject to a noncompetition agreement.
Senior executives
For purposes of the continuing enforceability of an existing noncompetition agreement under the final rule, a senior executive must satisfy a two-part test: 1) be a worker who has policy-making authority and 2) receive total annual compensation of at least $151,164. These senior executive workers may still be subject to noncompetition agreements entered into prior to the effective date of the final rule.
The two-part test for senior executives was developed as an effort to identify employees who likely have bargained over being subject to the noncompetition terms. Nonetheless, this means that high-ranking employees who earn less than the threshold compensation level will have their pre-final rule noncompetition agreement invalidated. This result may create a significant exposure issue for small, new and struggling businesses that may already face challenges with hiring, retaining and compensating critical employees and high-level management employees.
Notice requirement
The final rule requires employers who have noncompete clauses in effect to provide a clear and
conspicuous written notice to former and current workers subject to the noncompete clause that the noncompete clause will not be enforced against the worker and that it would be illegal to do so. This notice is required to be provided on or before the effective date of the final rule and may be provided by mail, email or text message. The final rule also provides model language that is presumed to be compliant and allows the notice to be sent as a mass communication rather than individualized communications to each employee who is subject to a noncompetition obligation. Please note that the notice of unenforceability is not required to be provided to senior executives who may continue to be subject to an existing noncompetition agreement.
Exceptions
The final rule does not apply to a noncompete clause that is entered into by a person pursuant to a bona fide sale of a business entity, of the person’s ownership interest in a business entity, or of all or substantially all of a business entity’s operating assets. These agreements will continue to be enforceable and are free to be entered into — and enforced — after the effective date of the final rule.
The final rule also provides that it is not an unfair method of competition or a violation of the final rule to enforce or attempt to enforce a noncompete clause or to make representations about the enforcement of a noncompete clause where a person has a good-faith basis to believe that the final rule is inapplicable. Exactly what
constitutes “good faith” is unclear at this point in time and will likely be developed by enforcement actions.
Because the FTC does not regulate charitable and other 501(c)(3) organizations or banks, savings and loan institutions, and credit unions, the final rule will not apply to employees of these organizations. However, the FTC warned that nonprofit organizations should be sure they are following the IRS requirements for nonprofit organizations: namely, that they are actually engaged in business for only charitable purposes and that the income derived from the business is not for the profit of members.
Next steps and considerations for employers
As we continue to monitor developments in legal challenges to the final rule, employers should take the following steps to prepare for compliance if and when it becomes necessary:
• Evaluate existing contracts and policies. Employers should review any handbook policies and agreements that impose restrictions on workers, including but not limited to NDAs, training repayment agreement provisions (TRAPs), nonsolicitation agreements, confidentiality agreements and severance arrangements to determine whether the provision could be considered a noncompete that is subject to the final rule. Although the final rule does not require rescission or legal modification of existing noncompetition arrangements, identifying which policies and provisions are prohibited under the final rule is essential to avoid implementing, enforcing or representing that a noncompetition agreement or provision is enforceable in violation of the final rule going forward.
• Consider which workers are senior executives. Employers should also evaluate their work staff to determine which employees are categorized as “senior executives” under the final rule. Based on this determination, employers can prepare to comply with the rule by discerning which prohibitions and obligations apply to different worker categories. Also evaluate if individuals are not covered by restrictive employment provisions when they should be for the protection of the business.
• Prepare for the notice requirement. The final rule requires that, on or before the effective date, employers provide notice to current and former workers subject to a noncompete clause that is
“
The FTC warned that nonprofit organizations should be sure they are following the IRS requirements for nonprofit organizations.
barred by the final rule and will not, and cannot, be legally enforced. To assist with the facilitation of this obligation but without jumping too far ahead as we monitor the legal challenges, employers can gather relevant contact information for current and former workers and prepare a template notice using the FTC’s Model Language. The “generic” notice obligation should be considered in communication of the FTC expectations.
• Consider other protective measures. In light of this rulemaking on noncompetition provisions, employers should consider whether other restrictive covenants and policies may be necessary to protect business interests. Unless such measures are overly broad and being used as de facto noncompetes, NDAs, confidentiality policies and nonsolicitation agreements may be beneficial measures to implement or further develop to defend company resources and investments. The California approach to addressing “noncompetition” obligations should be closely considered. Further, trade secret laws and other state protections on the use and disclosure of confidential information may assist to safeguard proprietary and other sensitive information.
Robert J. Simandl, JD, is a shareholder and chair of the Labor & Employment Section at von Briesen & Roper in Milwaukee. Contact him at 262-923-8651 or Robert.simandl@vonbriesen.com. Craig T. Papka, JD, is a shareholder in the firm’s Labor & Employment Section. Contact him at 262-923-8672 or Craig.papka@vonbriesen.com. Maeve G. O’Malley, JD, is a member of the firm’s Labor & Employment Section. Contact her at 414-287-1275 or Maeve.o’malley@vonbriesen.com.
Accounting & Auditing l Artificial intelligence
AI IN AUDITING :
Big Data Opportunities and Challenges
By Melissa A. Dardani, CPA, CFE, MAcc
The world is generating an astonishing amount of data. As the total volume of data increases, so does its predictive capabilities. The discussion of artificial intelligence (AI) in accounting should, therefore, be focused on enhanced reporting, performance and risk management with this predictive data.
Machine learning algorithms can evolve the accounting profession from its role of double entrybased recordkeeping and compliance to a critical value for strategic business decision-making. This evolution demands accountants to have at least some level of technical understanding of big data and AI.
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This evolution demands accountants to have at least some level of technical understanding of big data and AI.
Perhaps unsurprisingly, the accounting profession has shown hesitancy toward adopting AI due to its “black box” nature, particularly in unsupervised learning algorithms. These algorithms, capable of complex decision-making, often lack transparency in their logic and reasoning. This lack of clarity can be at odds with the accounting profession’s focus on accuracy, traceability and verifiability.
Supervised learning methodologies rely on prelabeled data to train predictive models, using metrics like accuracy, precision and recall to refine their predictions. In contrast to supervised learning, where prelabeled data exists and desired classifications are known, unsupervised learning algorithms analyze unlabeled data. They autonomously identify patterns and structures by finding similarities and differences among dataset attributes. It is useful in exploratory data analysis, anomaly detection and pattern discovery, where specific labels are absent or unknown, or where the goal is to uncover hidden trends.
Demystifying AI methodologies in accounting
Effective implementation of AI depends on several critical factors, including the choice of methodology. The selection and tuning of an appropriate AI methodology — be it a supervised or unsupervised method — is a critical step that shapes the model’s ability to return relevant and accurate insights. Method selection should include an evaluation of the objectives of the financial task, the nature and quality of the available data, the complexity of the problem at hand, and the desired outcome’s interpretability and transparency.
Consider the following AI methodologies:
Classification
Classification algorithms are designed to categorize data into predefined classes. These algorithms, typically supervised in nature, learn from labeled datasets where each instance is tagged with a correct output label. By analyzing these datasets, the algorithm discerns patterns and rules that can be applied to new, unseen data to classify it accurately. The success of classification algorithms is often evaluated using metrics that assess how well the algorithm learned to classify the data, such as accuracy, precision, recall and the F1 score. One common example of a classification algorithm is Random
Forest, which functions by constructing numerous decision trees, each trained on different portions of the data. When it comes to making a prediction, each tree in this “forest” casts a “vote” for a particular class. The Random Forest then determines the final classification based on the most-voted class by these trees. This approach effectively combines the insights of multiple trees to reach a more accurate and reliable decision. Common hyperparameters in these algorithms include the number of decision trees in a Random Forest, the depth of each tree, and the number of features considered for splitting at each node.
Clustering
Clustering algorithms (an unsupervised methodology) are designed to group data points into clusters based on their similarity without relying on predefined labels. This method is useful for uncovering underlying structures in datasets where classification categories are not previously known. A common example of a clustering algorithm is K-Means, which segments data into distinct clusters by assigning each data point to the nearest cluster centroid and iteratively optimizes these centroids’ positions. The success of clustering algorithms can be measured by the sum of squared errors (SSE), which quantifies the compactness of the clusters by calculating the squared distance between each data point and its assigned cluster centroid and then summing these distances across all data points. The goal is to minimize the SSE, indicating that data points are closely grouped around their centroids. Key hyperparameters in clustering algorithms like K-Means include the number of clusters (K) and the initial placement of the centroids.
Association
Association algorithms are used to uncover relationships or associations between variables in large datasets, typically through unsupervised methods. These algorithms are adept at discovering rules that highlight the likelihood of relationships between data items. This approach is especially powerful in scenarios where the interconnectivity or co-occurrence of items needs to be understood, without any prior assumptions. A prominent example of an association algorithm is the Apriori algorithm, which is widely used for market-basket analysis. This algorithm works by identifying frequent item sets or groups of items that often occur together in a dataset and then deriving association rules that predict the likelihood of an item’s presence based on the presence of other items. For instance, in transactional data, Apriori can identify a pattern, such as if customers buy item A, they are likely to buy item B as well. The effectiveness of association algorithms is often evaluated based on the support, confidence and lift of the derived rules, each of which measures how frequently items appear together and the reliability of the rules generated.
Outlier detection
Outlier detection is a critical process in data analysis that involves identifying data points that significantly differ from the majority of data. These outliers can be indicative of errors, anomalies or fraud. Various techniques are used for outlier detection, including statistical tests, proximity-based methods and deviationbased approaches. The effectiveness of these methods is often evaluated based on their ability to accurately identify true outliers while minimizing false positives.
Outlier detection can intersect with other algorithm methodologies like classification, clustering and even neural networks. For instance, a classification algorithm might be trained to distinguish between regular transactions and outliers, effectively categorizing data points as normal or anomalous. Similarly, clustering algorithms can group data, where points not fitting into any cluster may be considered outliers.
Integrating AI and predictive data in accounting will propel the profession toward a new era of business reporting. The benefits include enhanced risk management functions, strategic decision-making, and the ability to drive firm value, auditing and financial
“ The future of accounting lies in embracing these advancements, not as replacements for human expertise, but as powerful tools that will fundamentally change the role of the accountant.
reporting. The future of accounting lies in embracing these advancements, not as replacements for human expertise, but as powerful tools that will fundamentally change the role of the accountant.
Melissa A. Dardani, CPA, CFE, MAcc, is the founder of MD Advisory Services, which is headquartered in the New York/New Jersey area. Contact her at melissa.dardani@mdas.cpa.
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Understanding the Differences Between Sales & Income Tax:
Why It Matters
By Holly Hoffman,
MSA
Igrouped together by accountants.
The differences in filing, regulations and recordkeeping practices are significant and can profoundly impact a business’s financial health and legal compliance. Misunderstanding or mismanaging sales tax regulations could lead to penalties or legal issues, underscoring the importance of this knowledge.
Filing frequency
The amount of taxable sales and use tax remitted determines the filing frequency for sales tax. In your first year of reporting, you may know the sales quantity and choose your filing frequency based on projected sales, or you may report the first year annually. Each fall, the Wisconsin Department of Revenue (DOR) reviews filing frequency. Notices are sent to businesses if the frequency threshold changes based on reported sales in the most recent year. Returns may be due annually, quarterly or monthly. If the business is seasonal, there is an option to file seasonally. A business can choose to increase its filing frequency at any time by filing a request (in writing) with the DOR; however, a business is unable to reduce its filing frequency. Filing frequency increases remain on the taxholder’s account until the fiscal year-end, or the DOR notifies the business of a different filing frequency. If a business requests to increase its filing frequency to monthly from quarterly, it must continue filing monthly for the remainder of the fiscal year.
Tax regulations
Understanding sales tax requires specialized knowledge. The average CPA may need the skills or experience to determine this tax type. Sales tax has its own section of the Statutes and Administrative Code that regulates reporting and tax treatment. Federal regulations may occasionally apply, but generally, you
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Misunderstanding or mismanaging sales tax regulations could lead to penalties or legal issues, underscoring the importance of this knowledge.
must refer to the state’s sales tax statutes and related court cases to make determinations. This complexity underscores the need for specialized knowledge and professional assistance navigating sales tax regulations. Sales tax is fact specific when applied to the law. To make an accurate tax treatment determination, one must understand all the details of the transaction in question — and often the transactions before and after it. Because sales tax is fact specific with many exceptions in the law, each situation is frequently different when applied to businesses handling transactions in various ways.
Researching sales and use tax treatment is more difficult based on the fact-specific treatment. Tax professionals may need to familiarize themselves with sales tax regulations since this is not part of the accounting curriculum. The tax professional must seek trusted published guidance to find sales tax regulations for a specific client issue. Tax articles not written by authorities, such as those found by Google or other general search engines, will return various results that may not be the correct state, current tax law or accurate guidance. It is crucial to speak with an expert who can also provide context because there are often additional factors affecting the tax decision you should be aware of.
Tax reporting
It is common practice to prepare income and sales tax returns similarly and use the same preparer. However, sales tax reporting is vastly different from income tax reporting. Sales categories for income tax purposes usually do not work for sales tax purposes (e.g., taxable versus nontaxable sales and exempt sales). Also, expense categories need to be appropriate for use tax reporting. CPAs should cross-reference reports to verify data on sales tax returns, including profit and loss reports and income tax return data.
Recordkeeping
Accounting software and general bookkeeping practices focus on income tax bookkeeping and general accounting practices, not sales and use tax recordkeeping requirements. Reviewing your software setup and bookkeeping process for sales and use tax compliance to ensure accurate reporting and record retention is essential. Inaccurate recordkeeping can lead to errors in sales tax reporting, potentially resulting in financial penalties or legal issues.
As more businesses become multistate practices, software setup and bookkeeping become more critical for sales and use tax to have reporting capability. Tax professionals who focus on income tax don’t need the same level of detail that sales tax requires. To reduce risk, monitoring sales by customer location (through reports) must be set up before sales occur. Proper tracking and multistate sales tax management must be part of regular reporting.
Both businesses and tax professionals should look closely at sales and use tax to build value. Sales tax is
“ Sales tax is very different from income tax because it touches every part of the business — every purchase and every sale.
very different from income tax because it touches every part of the business — every purchase and every sale. Many people within the company make sales tax decisions, unlike for income tax. To understand and take control of sales and use taxes, one must have a good command of the business. As a tax professional, serving your client in all other tax types and areas would be highly beneficial — a small investment of time for significant returns. For the business CFO or owner, you will gain accurate reporting and educated decisionmaking by taking control of sales and use tax.
Holly Hoffman, MSA, is the owner of Sales Tax Advisory Network, providing sales and use tax audits, assessments, training and seminars to Wisconsin businesses. Contact her at 715-498-4164 or holly@salestaxlady.com.
Let’s Work Together.
von Briesen’s Tax Section offers a wide range of legal services to CPAs. We are known as their trusted partner when handling the thorniest legal aspects of tax law. From tax controversies, audits, administrative appeals, professional liability, tax litigation to sometimes even changing the law – we get results. Have a grey issue you’d like some perspective on? Give us a call.
To learn more about how we can work together, please contact Dan Welytok at daniel.welytok@vonbriesen.
Nancy M. Bonniwell, J.D.
Randy S. Nelson, J.D., CPA
Megan L.W. Jerabek, J.D.
Terri S. Boxer, J.D.
Thomas J. Kammerait, J.D., CPA
Thomas J. Phillips, J.D., LL.M.
Steven M. Szymanski, J.D., MBA
Thomas A. Myers, J.D.
Kenneth A. Hoogstra, J.D.
Adam N. Skarie, J.D.
John A. Sikora, J.D.
Peter J. Walsh, J.D., LL.M.
Jamie B. Barwin J.D., CPA
Thomas P. Guszkowski, J.D., LL.M.
Marcus S. Loden, J.D., LL.M.
Robert E. Dallman, J.D., LL.M.
Robert B. Teuber, J.D.
David J. Roettgers, J.D., CPA
Sumeeta A. Krishnaney J.D., MBA
Daniel S. Welytok, J.D., LL.M.
Professional Development l Advanced degrees
The Value of Getting Your MBA
By Brenna VanRooy, CPA, MBA
At the beginning of the COVID-19 pandemic, individuals pursued hobbies and activities they could safely do from the comfort of their own homes — things they never had time to pursue before, such as crafting, cooking, exercise, etc. I decided to pursue my Master of Business Administration (MBA) degree. I obtained my MBA degree from St. Norbert College in De Pere in two years, graduating in December 2022.
As a professional in the accounting industry for nearly five years, having obtained my CPA credential before going back to school, I’ve received questions from CPAs thinking about getting an MBA while working in the accounting field. This article will discuss some critical factors that should be considered before taking on yet another student loan.
The “why”
The most common question I receive is “Why would you want to pursue an MBA when you already have your CPA?” My answer is this: Based on where I want to go on my career path, I see myself being a future executive. According to Fortune Education and to the 2022 Fortune 1000 list, nearly 40% of all C-suite executives have an MBA. In addition, my employer has a generous program to help offset costs (most companies do). I also knew that I wanted to pursue my MBA before my husband and I started to grow our family. There were plenty of fellow students who had families and pursued their degrees, but I wanted to try to complete my goal before life got more complicated.
I also wanted to obtain an MBA for similar reasons as attaining the CPA designation — the degree keeps my career options open to a wide variety of options. I didn’t want my career to belong in a niche like internal audit or tax where a Certified Internal Auditor or Master of Science in Taxation credential would be beneficial. An MBA keeps my options open until I decide what realm within
finance (or even outside of it) I belong in. With a future goal of leadership, an individual with an MBA is more valuable than someone who may want to be an individual contributor, for whom another licensure may be beneficial.
The sweet spot of experience
Although textbooks taught me valuable information, the most beneficial learning I received through my MBA experience was from shared experiences with my cohorts and professors. In my MBA class, I was surrounded by many colleagues with varying degrees of job experience in various markets — some not even in the business sector (I had colleagues in both the education and nursing fields).
We can all relate to the knowledge we gained in Intermediate Accounting that we have never used in our day jobs, and the MBA has its share of similar topics. But being able to hear from others how the topics we were reading about and how they impact others truly sent home the value of what we were studying.
With that said, there is a sweet spot of experience that is needed to be relevant to the conversation. There were some in the program who went right to the MBA from undergrad, and “deer in the headlights” would be the most accurate description of them in the classroom. They would do great on tests and projects, but the applicability of what we were studying was completely lost on many of them. I would not recommend starting an MBA program until you have a minimum of three years of job experience to contribute (and hopefully an employer to help offset the cost).
The hybrid model
I found my experience to be more beneficial than the traditional MBA program, as St. Norbert prides its program on being 100% in-person. Given the timing of the COVID pandemic, I had only two purely virtual classes. Even while masked, I found being in person provided me more value than a virtual experience in which multitasking and the needs of the household were right at my fingertips. Some classes had virtual options for those of us who were traveling for work or needed to stay home to take care of kids. Most MBA programs understand that we have a life outside the classroom.
There are lots of online MBA programs if in-person is not your preferred format; what will be missing from that format will be the opportunity to make connections,
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The relationships I cultivated and the leadership experience I gained have helped me transform into the leader of others that I am today.
have discussions, and network with your cohorts. We’ve all been on painful virtual calls in which people try to fabricate networking, and it never provides any meaningful insight.
At your own pace
Another benefit of the MBA program is that you can find a program that meets in a time frame that works for you. In the St. Norbert program, the fastest you can pursue your degree while working full time is two years, which assumes you take four classes spread out over a semester (eight weeks of class twice a week) as well as a class every winter and summer semester. However, you could go as slow as a five-year timeline (which some students did), in which you may have only one class a week and no winter/summer offering. Spreading out the timeline also allows students to spread out the cost of the degree. It is no more expensive to complete a degree in five years than it is to finish in two years. When I became pregnant in early 2022, I was able to frontload most of my classes so that I only had a couple of classes to complete after my son arrived.
The MBA experience was some of the best two years I have had in my career. The relationships I cultivated and the leadership experience I gained have helped me transform into the leader of others that I am today. Hopefully, this article gives you some key aspects to consider before making the pivotal decision to add another three letters to your Outlook signature.
Brenna Van Rooy, CPA, MBA, is manager of financial reporting at Plexus Corp. in Neenah. Contact her at brenna.vanrooy@plexus.com.
What Should Young Accountants Focus On?
By Timothy Allen, MBA, PAFM
As you begin your career in public accounting, your focus should be on learning the responsibilities and technical skills of your position and becoming proficient in those responsibilities. However, as you gain experience, there will come a time when you will be expected to develop and manage client relationships and maybe even secure clients for the firm. The question becomes this: How do you develop this growth mindset when you are spending your time learning the profession and doing the work?
As a first-, second- or even third-year staff accountant, now is the time to begin developing good interpersonal and communication skills. Developing these skills should become part of your weekly or monthly routine. While you aren’t expected to find, develop and close new business early in your career, you should start to build the foundation of your growth mindset.
As you begin to nurture your growth mindset, it is important to remember that the most important part of your responsibilities and expectations is to become the best accountant you can be. That means honing your technical skills, your interpersonal skills and your communication skills. Building your growth mindset should be a part of your routine, but early on it should be only a small part.
Many young accountants never learn the finer points of how to be a productive member of the firm. This means being mindful of your time and schedule, being in the office or at a client’s when you are supposed to be, and focusing on getting your work done. Getting your work done — and done well — in a timely manner is vital to your success. Being productive also means entering your time consistently and being cognizant of your billable hours. Deadlines in the accounting profession are real, and there are penalties for not meeting them. Do not be afraid to ask questions early in your career; the questions you ask are great learning opportunities that will make you a better accountant.
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As you begin to nurture your growth mindset, it is important to remember that the most important part of your responsibilities and expectations is to become the best accountant you can be.
Following are some foundational activities, tactics and skills you should be building as you learn to be technically proficient as an accountant.
Be professional
Being a professional doesn’t mean just looking the part. Being professional means adhering to deadlines, being accountable for your time and actions, and providing a quality work output. It means learning how to work collaboratively and improving communication skills along with being a productive member of the team.
Get
involved in the WICPA and the AICPA
Your professional development should almost always start with the WICPA and the AICPA. These are both very good resources to help you learn the specifics and intricacies of certain services and industries. If you’re spending the money to belong to the AICPA and the WICPA, it makes sense to get the most out of the membership. When you’re able to, get involved on a committee; this is another way to start to build your industry knowledge, practice your communication skills and meet like-minded people.
Explore multiple industries
If your firm goes to market by industry, at some point you will most likely be asked to join one or more industry niche teams. Don’t be afraid to explore each industry niche and figure out which industry suits your interest and passion. It’s a lot more enjoyable to go to work every day knowing you’re doing something you enjoy and working with clients whom you can really help. Plus, as you grow your expertise and experience in an industry, you will build respect and responsibility within your firm and potentially attract more clients.
Be aware of what is happening around you
Many young accountants don’t follow this advice, but it’s crucial to stay on top of what is happening around you. That means knowing what is happening in the firm: new hires, learning opportunities, new technology, training deficiencies, new industry niches, etc. It also means staying on top of what is happening in the profession and your environment. Stay on top of new accounting standards or tax law changes as best you can. Do not always rely on a partner or manager to spoon-feed it to you. Pay attention to what is happening in the industries and geographic locations you serve. Read the business journals; read the industry updates; subscribe to industry newsletters. If you’re not sure what you should be reading or where to find this type of information, ask a partner or manager.
Learn to be strategic with your time and efforts
Many young accountants think that attending random networking events is the most effective use of their time when it comes to development. While that type of activity might play a part in your personal development plan, be sure you work with a partner or your manager to identify the best uses of your time as it relates to development, and commit yourself to doing only those. There may be times when your manager or partner doesn’t want you to concentrate on development or client relations, knowing that your time is better spent on the technical aspects of learning your job and building your skills. Regardless of where you are in your career, building your professional network is important. But be sure your network is composed of the right types of people. During the early part of your career the time you can commit to client development is limited, so use it wisely.
Think about the types of clients and referral sources you want
If you’ve decided to specialize in a particular service or industry, start to think about the types of clients you want to work with and which referral sources can help you find them. Start to build your referral network by keeping track of the lawyers, bankers, financial advisors and others who focus on the same locations or industries you do — and nurture those relationships. This shouldn’t be a time-consuming effort, but remember, the work you put in early in your career will pay dividends later.
Nurture your network
Having a referral network is one thing, but maximizing it is something completely different. Keep your referral sources updated about the types of clients you want, the activities or events you will be attending, and anything noteworthy happening at the firm or in the accounting
profession. Be sure to share articles or presentations that you think would be relevant to your referral sources, and invite them to firm-sponsored or -hosted events. Be sure to reach out periodically and invite them to grab a cup of coffee or lunch. Never underestimate the power of face-to-face meetings.
Conclusion
There’s a lot to learn when starting your accounting career. Having the ability to prioritize your efforts and time will help you get comfortable, advance in your career and be successful. You cannot — and should not — do everything. Learning to identify and focus on those activities and tasks that make the most sense and fit into your individual development plan takes time and patience. However, as you get further into your accounting career, the more comfortable you will become with the technical aspects of your job. This will allow you to focus more time and effort on personal growth, client development and client retention.
“ Having the ability to prioritize your efforts and time will help you get comfortable, advance in your career and be successful.
Timothy Allen, MBA, PAFM, is chief growth officer for MBE CPAs in Baraboo. He has more than 20 years’ experience in helping public accounting firms grow and operate more efficiently. Contact him at tallen@mbecpa.com.
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The Ins and Outs of 529 Plans
A529 plan is a taxadvantaged savings plan designed to encourage saving for future education costs. These plans have long been a tool for clients to save money for their loved ones’ education. Understanding the nuances of reporting contributions, allowable distributions, and the recently expanded options for excess funds post-education is essential to maximizing the benefits these plans offer. This article will focus on income tax consequences, but clients making contributions to 529 plans and changing the beneficiary or rolling over amounts to an account for a new beneficiary should also consider gift and generationskipping tax consequences.
Contributions
Wisconsin offers two 529 plans: EdVest and Tomorrow’s Scholar. In 2024, the maximum state taxdeductible contribution to these accounts is $5,000 per beneficiary ($2,500 per beneficiary for married/ filing separate taxpayers). Amounts contributed over the annual deductible amount carry forward and are deducted on future Wisconsin tax returns. Deductible contributions can be made through direct contributions to these accounts or the principal portion of rollovers from other states’ savings plans. Contributions to 529 plans grow tax-free in the accounts. As of Jan. 1, 2024, the maximum contribution limit for Wisconsin 529 plans for any given beneficiary is $567,500.1
“ Understanding the nuances of reporting contributions, allowable distributions, and the recently expanded options for excess funds post-education is essential to maximizing the benefits these plans offer.
Distributions
Distributions from 529 plans are tax-free, provided the designated beneficiary uses the amount for qualified higher education expenses. (An annual maximum of $10,000 per beneficiary can be used for expenses for public, private, or religious elementary or high school tuition.) Allowable expenses include tuition, fees, books and supplies, as well as reasonable costs for room and board, computers, and related educational software and internet access needed at a college, university, vocational school or other post-secondary institution. Fees, books and supplies for apprenticeship
programs are also permissible expenses. A lifetime maximum of $10,000 can be used to pay student loan principal and interest for the beneficiary or their siblings without changing the account beneficiary.
Nonqualifying educational expenses include amounts used for sports or clubs outside of coursework, fraternity and sorority dues, and transportation to and from college. Distributions used for nonqualifying education expenses are included in the recipient’s federal and Wisconsin gross income using annuity rules that apportion distributions between original contributions (nontaxable return of capital) and accumulated earnings (taxable income). There is an additional 10% federal tax on the amount of a 529 plan distribution included in
gross income, and Wisconsin assesses a tax of 33% on the additional federal tax. For example, if $10,000 of a distribution from a 529 plan is included in federal and Wisconsin income, there will be $1,000 of additional federal tax and $330 of additional Wisconsin tax in addition to the income tax on the distribution.
Wisconsin 529 plans have a 365-day rule clients should keep in mind if they are contributing and withdrawing in the same year. Distributions from Wisconsin 529 plans use a first in, first out method, and if any withdrawals taken from the 529 plan are from contributions made within the previous 365 days, the amount previously treated as a subtraction from Wisconsin income must be added back.
Excess funding
After a beneficiary’s education is complete, clients may need to discuss options for any excess funds remaining in the account. A beneficiary may consider withdrawing the funds for life expenses. Since these distributions are not for higher education expenses, they will be subject to income tax as well as the additional federal and Wisconsin taxes discussed above. There is no age at which the account must be closed, so the money may remain in the account and be used for any graduate or vocational school expenses the beneficiary desires.
One option for utilizing the excess funds is changing the beneficiary or rolling the funds into an account for a different beneficiary. If the new beneficiary is a member of the family, this beneficiary change or rollover will not be treated as a distribution subject to income tax. Members of the family for these purposes include:
(1) spouses,
(2) dependents meeting the qualifying relative relationship test,
(3) spouses of those listed in (2), and
(4) first cousins of the original beneficiary.
Treating first cousins as members of the family allows grandparents who have established 529 plans for grandchildren to change the beneficiary or roll the amounts to another grandchild income tax-free.
A second option is rolling unused funds into an Achieving a Better Life Experience (ABLE)2 account for the designated beneficiary or member of the family (discussed above). An ABLE account is established to cover qualified disability expenses for individuals who become disabled or blind before age 26 (46 for tax years after Dec. 31, 2025). Total annual contributions to these accounts cannot exceed the annual gift tax limit. Those who choose this option have 60 days from the date of the distribution to roll the amount into the ABLE account.
Lastly, the newest option for excess funds helps beneficiaries get a jump start on saving for retirement. Distributions of excess funds after Dec. 31, 2023, can now be directly transferred to a Roth IRA for the benefit of the designated beneficiary. There is a $35,000 lifetime limitation for amounts transferred to the Roth, and the amount transferred cannot exceed the annual Roth
Roth cannot exceed the aggregate amount contributed to the 529 account (and attributed earnings) before the five-year period ending on the date of the distribution, and the account must be maintained for the designated beneficiary for a 15-year period. Internal Revenue Service guidance is needed to clarify whether the 15-year period restarts if a beneficiary is changed as discussed above.
The options available for excess funds in a 529 plan increase the potential benefit of these accounts for beneficiaries who may choose alternatives to a traditional four-year college education, who receive scholarships or other funding, or who have unexpected life events requiring additional support.
Rachel Detert, CPA, MST, is a tax professor at Marquette University. Prior to joining academia, she spent 13 years in public accounting serving individual taxpayers. Contact her at Rachel.detert@marquette.edu. 2 https://www.ableunited.com/learn/about-able/#:~:text=The%20Achieving%20a%20 Better%20Life,accounts%20for%20individuals%20with%20disabilities.
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Servicers, Minders and Finders: The Path to Becoming a Leader
By Henry Rinder, CPA, ABV, CFF, CGMA, CFE, DABFA
CPAs assume several distinct roles that contribute to their professional success as they progress from entry-level positions to becoming leaders serving clients or employers and becoming thought leaders and rainmakers.
By observing experienced leaders, adopting effective strategies and embracing these roles, accounting and tax professionals can learn to navigate their career paths with purpose and achieve long-term success.
Servicers: At the forefront
The role of “servicers” is a vital one. These are the dedicated service partners and staff who navigate the intricacies of the accounting profession. They cultivate technical skills with unwavering attention to detail and a relentless work ethic. They form the backbone of the profession as they adeptly service clients and companies by providing accounting, auditing, tax and consulting services.
With a commitment to professional growth, these CPAs continuously learn and refine their technical expertise. The evolving new technologies, such as robotic process automation (RPA) and artificial intelligence (AI), promise to make their work more efficient and allow them to spend more time counseling clients and corporate leadership.
Establishing a solid foundation as a service professional can easily become the springboard for another career. However, top-notch servicers in public accounting set themselves apart through their mastery of client relationships. They foster client retention by delivering exceptional value to clients and colleagues alike.
Minders: Building relationships
Successful “minders” focus on leadership, relationshipbuilding, collaboration, governance and effective communication. To become skilled minders, CPAs should observe and learn from accomplished leaders in the field. Studying their approaches and emulating their strategies fosters the development of leadership skills in relationship-building, decision-making, and coaching and mentoring.
Those who serve as minders also play a vital role in mentoring and developing junior staff. They provide guidance and support to help new accountants develop their skills and knowledge. Minders can also drive a positive and supportive work environment, increasing employee satisfaction and retention.
Here are some specific ways in which minders can mentor and develop junior staff:
• Provide regular feedback and coaching.
• Assign challenging tasks that will help junior staff to grow and develop.
• Share their own experiences and insights.
• Be a role model.
• Create a positive and supportive work environment.
By mentoring and developing junior staff, minders help establish a succession pipeline and ensure that the accounting profession continues to thrive.
Finders: Becoming rainmakers
“Finders” (otherwise known as “rainmakers”) play a vital role in accounting, as they possess expertise in business development, networking and relationship-
“
Establishing a solid foundation as a service professional can easily become the springboard for another career.
building. They are responsible for acquiring new clients in public accounting and driving revenue growth for their organizations.
Aspiring rainmakers should hone their communication and interpersonal skills, cultivate a robust professional network, and adopt a proactive mindset to identify and seize opportunities.
Transitioning from a minder to a rainmaker requires developing a comprehensive understanding of client or business needs and the ability to offer sound solutions.
Successful rainmakers exhibit specific traits and behaviors that contribute to their success. They are proactive, strategic thinkers who actively seek opportunities, nurture relationships and position
themselves as trusted advisors. Emulating their approach involves developing a strong personal brand, leveraging networking opportunities and continuously expanding industry knowledge. By adopting the strategies other successful rainmakers employ, CPAs can enhance their business development skills and accelerate their career growth.
The power of strategic collaboration
Orcas and dolphins exemplify the power of teamwork and collaboration when capturing and hunting schools of fish. These highly intelligent marine mammals work together in packs to maximize their chances of success. The business world thrives on similar teamwork and collaborative efforts.
Drawing parallels between successful rainmakers and intelligent hunters in nature, we find that collaboration and teamwork play crucial roles in career progression. Top minders understand the value of working in groups, leveraging collective strengths and pursuing opportunities collectively. Fostering collaboration, sharing insights and building strong professional networks allow individuals to harness the power of teamwork for success in accounting.
For example, forensic accountants attending, exhibiting and participating at legal conventions and conferences can benefit from working in collaborative teams to pursue prospects. These events bring together a diverse pool of lawyers, creating a fertile ground for networking and business opportunities.
Engaging in meaningful conversations, sharing insights and building relationships during professional conventions, conferences and similar gatherings can lead to fruitful partnerships, referrals and, ultimately, business success. Similar to the intricate choreography of marine mammals, navigating these events with a collaborative mindset enhances the likelihood of successfully seizing vast opportunities. Embracing a collaborative approach allows accounting professionals to tap into a broader range of prospects, increasing the likelihood of securing valuable outcomes.
Starting as a service professional provides a solid foundation for career growth. Embrace the roles of servicers, minders and finders. Learn from experienced, successful leaders, emulate their strategies and unlock the opportunities that lie ahead in your accounting career.
“
Learn from experienced, successful leaders, emulate their strategies and unlock the opportunities that lie ahead in your accounting career.
Henry Rinder, CPA, ABV, CFF, CFE, DABFA, CGMA, is a member of the firm at Smolin, Lupin & Co. LLC in New Jersey. Contact him at hrinder@smolin.com.
Reprinted with permission of the New Jersey Society of CPAs, njcpa.org
Additional tips to become a leader
3 Get your CPA license.
This is the most crucial step you can take to advance your career.
3 Get involved in professional organizations.
The AICPA and state CPA societies provide a great way to network with other professionals and learn about new opportunities.
3 Attend professional events.
This is another excellent way to establish new professional relationships and nurture existing ones.
3 Get involved in firm/company governance. This is a great way to gain experience and show your potential for advancement. Volunteer, raise your hand, get noticed.
3 Volunteer for local boards.
This is an effective way to learn about corporate governance and network with local corporate and community leaders.
WICPA Career Center
Accounting Careers l Flexibility
Career Paths in Accounting Don’t Have to Fit a Mold
College students considering careers in accounting need to be shown that the CPA credential can take them anywhere they want to go.
It’s an interesting time for college students considering the accounting profession and what the certified public accountant (CPA) credential has to offer. Pop open popular trade publications like Accounting Today and Going Concern, and countless headlines stress the lack of talent entering the profession, increased regulatory pressure, and how artificial intelligence (AI) will ultimately beat humans at the CPA Exam and alter the profession. Seeing all of this is feeding a growing perception that anyone who chooses to become a CPA
will just get worked to the bone until they ultimately get replaced by a robot. No wonder the CPA profession has a bad rep among today’s accounting students and prospective CPAs!
The reality is that CPAs aren’t going to be replaced by robots (although I firmly believe professionals who embrace technology will replace those who don’t). So, how do we solve the profession’s talent shortage problem and inspire the next generation of CPAs to forge ahead and inspire change? There’s no magic solution, but one thing we can do is change the narrative. Rather than emphasizing the challenges our profession is facing, it’s in our best interest to help aspiring CPAs realize the exciting opportunities and career paths they can enjoy.
Reflecting on my own perspective in college, I viewed the path of a CPA as you might expect: Start at a Big 4 firm, gain varied client experience, target an industry of interest, and then head down the industry route. I didn’t appreciate that there were a multitude of spurs, switchbacks, bridges and tunnels that could be taken to create my own unique career path in accounting until I was several years into it. Today, I find that I’ve taken a very different career path than the “mold” I had constructed in my head as a college student.
Anyone who’s worked with me throughout my career knows I have a passion for recruiting. Over the years, I’ve shared my career journey hundreds of times to inspire, motivate and recruit students into the profession. The fact that I’ve taken a unique career path isn’t special in and of itself — many CPAs can share similar stories — but I share it to illustrate the potential every accounting professional has to create their own incredible story.
My first inclination to pursue a career in accounting began in high school. My dad was a CPA, and I enjoyed my high school accounting class, so it felt like a natural fit. That was about the extent of my deep thinking about what I wanted to be when I grew up.
Once I got into college, I stuck to this plan while taking on various internships in industry, government, and eventually at a Big 4 firm where I later accepted a full-time offer in the audit group. This was the height of the aftermath of the 2008 financial crisis, so I was feeling pretty good about having a job offer in hand while still having my master’s year of school to complete before the real world would smack me in the face. My perspective at the time was that joining a Big 4 firm would be a great stepping stone for a few years before I’d surely jump ship for industry.
After joining the firm full time, I was given incredible opportunities to learn from some great mentors, serve some great clients, and even work abroad in Italy for a period. So, I blew right past the three-year public accounting phase I’d anticipated and was genuinely enjoying the experience, learning a ton, and seeing opportunities for continued growth.
When I was promoted to manager, I was still fighting the mold I thought I should conform to and thought I would give industry (and my original plan) a try by accepting an opportunity as a controller at a privateequity portfolio company. This experience gave me new perspectives, expanded my business acumen, matured
“ Although the experience I gained in industry was critical to my development, it made me realize that what really gave me fire was being a problem-solver for my clients, building lasting relationships, and mentoring the next generation of professionals.
me as a professional, and sparked my entrepreneurial spirit as I was actively helping to drive a business forward. These years also awarded me the selfconfidence to truly own my career. This enhanced mindset — and the wise words of a mentor — led me to my next career pivot.
Although the experience I gained in industry was critical to my development, it made me realize that what really gave me fire was being a problem-solver for my clients, building lasting relationships, and mentoring the next generation of professionals. I also figured my freshly minted industry experience could be leveraged to help drive the business of a public accounting firm. So, I added “boomerang” to my résumé and re-joined the Big 4 firm where I started out of college. My second trip through the firm was a richer experience, as I was able to serve my clients with a renewed perspective — I was able to put myself in their shoes and participate in business development and other initiatives. As I worked up through my early senior manager years, I was laser-focused on partnership as my next career goal — but, admittedly, I didn’t think that deeply about what it meant to be a partner in the firm, beyond the title and earning potential.
“
I think those of us who’ve found fulfillment and success in this profession need to be more proactive about showing prospective CPAs that there’s no such thing as a mold they must fit into.
The closer I got to the partnership doorstep, the more I revisited my “why” for pursuing it. I knew I wanted to serve clients and build teams (and of course, the earning potential became clearer to me), but I also wanted to be a decision-maker and double down on my entrepreneurial spirit that was sparked during my years in industry. As I defined my perfect job description, I came to the realization that although I loved the firm and people I was working with, it was time to pursue something different.
I began exploring all sorts of opportunities in the professional services space, including fractional service providers, other public accounting firms (of all sizes), and even the prospect of starting my own advisory firm. During this exploratory time, I was fortunate to be introduced to Vrakas CPAs + Advisors. I was energized by the alignment I had with the firm’s philosophy around quality, client service, a people-first culture and bold future growth. The firm offered me a unique opportunity to help lead the buildout of a brand-new practice in Chicago. It was the perfect mix of what I wanted to have from a career in public accounting while also satisfying my entrepreneurial desires.
The best part about my career path is — it’s not over! My story continues to be written, and I’m motivated by now having a platform to create positive career paths and opportunities for the next generation of CPAs. I’m passionate about this profession and finding ways to think outside the box to keep it relevant and desirable for young professionals.
I think those of us who’ve found fulfillment and success in this profession need to be more proactive about showing prospective CPAs that there’s no such
thing as a mold they must fit into. Rather, their career is whatever they choose to make of it.
While the CPAs of tomorrow will have very different experiences than the CPAs of today, it’s my hope that learning how dynamic and rewarding this profession can be will inspire the next generation of talent to pursue this fulfilling field. I believe the CPA credential will continue to open unique doors to a wealth of experiences, perspectives and rewards — but only if we show the next generation what our profession truly has to offer.
Andy Kamphuis, CPA, is a shareholder at Vrakas CPAs + Advisors in Chicago and an alumnus of UW-Madison.
Kamphuis (right) and Fritz Vogel at a UW-Madison recruiting event.
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The Wisconsin Technology Council
ociety has no shortage of divisions, from polarized views on the 2024 presidential election to sharp disagreements on abortion, gun control, crime, immigration, foreign policy and more.
It wasn’t always that way. In fact, the Wisconsin Technology Council was born out of a public process — called the Wisconsin Economic Summits — that stressed collaboration and what good can happen when ideas are raised, debated and put into action. It’s a spirit the Tech Council follows to this day as it looks to advance Wisconsin’s standing in a tech-driven economy.
Launched in the late 1990s, the summits produced some enduring accomplishments in a few years, one of which was the birth of the Tech Council when then-Gov. Tommy Thompson embraced the idea the state must compete more vigorously for tech-based development across the spectrum — from biotechnology to software. Organized mainly by the UW System but infused with private-sector support, the summits:
• Stressed the need to overcome city-to-city or county-to-county rivalries and engage in regional cooperation, something that is happening in Wisconsin through regional economic development groups such as New North, Momentum West, MadREP and six other regional groups that now cover all of Wisconsin’s 72 counties.
• Underscored the importance of Wisconsin’s ties to two robust metropolitan areas to the south and west — Chicago and the Twin Cities of Minnesota. Some regional cooperation has since emerged along what we call the “I-Q Corridor,” with the “I” standing for interstate, innovation, intellectual property and investment, and the “Q” suggesting quality of life, workforce, education and more.
“
The Wisconsin Technology Council was born out of a public process — called the Wisconsin Economic Summits — that stressed collaboration and what good can happen when ideas are raised, debated and put into action.
• Emphasized the need for industry clusters to form and work together. That is happening to varying degrees in some important emerging sectors, such as biotechnology, freshwater technology, medical devices, energy storage, advanced and additive manufacturing, information technology, and financial and insurance technology. Today, Wisconsin’s cluster progress is embodied in three National Science Foundation and Economic Development Administration planning grants.
At their core, the Economic Summits urged speedier development of a knowledge-based, tech-based economy to redefine industries new and old. In the year following the final summit, the independent, nonprofit Tech Council issued its “Vision 2020” report as a road map for techbased development. The Tech Council has regularly updated those goals — and reported on progress or lack thereof — in the two decades since.
The need for more angel and venture capital in Wisconsin to build and attract young, tech-based companies was one such goal. There has been measurable success, although Wisconsin still lags the coastal giants such as California and New York and even a few of its Midwest neighbors.
In the early 2000s, angel and venture investment in Wisconsin averaged less than $10 million per year. More than $2 billion in such early-stage capital was invested in Wisconsin in the three calendar years ending in 2023.
None of this magically happens, of course. To the extent the Tech Council has been successful, it is due to the support of its 260 individual and corporate members; its board of directors; and its commitment to programming that involves outreach, public policy and communication.
The Tech Council’s board of directors has 50-plus members from across Wisconsin, representing the worlds of technology, entrepreneurship, investment, research, education, law, accounting and management. That sounds like a big group — and it is — but it provides statewide reach.
Our major events and programs include the Wisconsin Entrepreneurs’ Conference, the Wisconsin Early Stage Symposium, the Wisconsin Tech Summit, the Governor’s Business Plan Contest, the Tech Council Investor Networks and the Tech Council Innovation Network
Most states and Canadian provinces have similar groups — in fact, often with nearly similar names (the Arizona Technology Council, for example). The Wisconsin Technology Council is a member of the Tech Councils of North America, or TECNA, which is a platform for comparing best practices and sharing information. Often through TECNA, the Tech Council works with Wisconsin’s congressional delegation.
From the start, the Tech Council has contracted with the state to provide certain services. It is a Key Strategic Partner with the Wisconsin Economic Development Corp.
The Tech Council helps its members in several ways, but one often-cited role is public policy advice delivered in a strictly bipartisan manner. In addition to working with governors and administrations from both parties over time, the Tech Council is no stranger to the state Assembly and Senate. We have spurred creation of an informal and bipartisan “Tech Caucus” to provide information and perspective, with equal bicameral and bipartisan leadership.
Over time, the Tech Council has been a big part of advocating for change. Here’s a partial list:
n Creation of the Qualified New Business Venture (QNBV) tax credits program, which provide credits to investors who put money into young companies that meet QNBV standards. First enacted for the 2005 calendar year, the program has been updated over time — most recently in the 2024 session.
n Passage of the Badger “Fund-of-Funds” in 2013. This $25 million investment by the state has been matched by private dollars on a 2-to-1 basis as the venture capital fund creates more recipient funds and makes investments. It, too, has been modified over time and again in 2024.
n The Tech Council was a strong advocate for construction of a new building for the UW–Madison College of Engineering, which will meet workforce needs statewide.
n Repeal of the shareholder wage lien law, which discouraged investment in Wisconsin startup companies.
n Improvements in laws governing entrepreneurial activity by University of Wisconsin faculty.
n Changes in processes and regulations vital to expanding broadband availability and electric vehicle reach, especially in rural Wisconsin.
n Extension of the “single-sales factor” sales apportionment for corporate income to technology and service firms in Wisconsin.
The Tech Council also plays defense from time to time, stepping up to question proposals its board and advisors believe could be harmful to the state’s techbased economy.
From events that pull people together to public policy analysis, the Tech Council has helped to make Wisconsin a friendlier place for tech-based growth. Much work remains, and Wisconsin deserves the effort.
Thomas W. Still is president of the Wisconsin Technology Council and the former associate editor of the Wisconsin State Journal Contact him at tstill@wisconsintechnologycouncil.com.
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Cancellation Policy: For a full refund, the WICPA CPE Department must receive a notification of cancellation or a request to transfer to a different program at least 14 days before the program presentation date. Cancellations or program transfer requests received between 7-13 days prior to the presentation date will be subject to a cancellation fee of 50% per person, per program. No refund or program transfer request will be granted for cancellations less than seven days of the program presentation. Substitute registrants are allowed. No refund or program transfer request will be granted if you have downloaded any electronic materials that have been provided for the program from which you are canceling. Requests for transfer from in-person to livestream within 14 days of the program will result in a $25 transfer fee for one-day programs and $50 for two-day programs.
ONLINE CPE
WEBINARS, SELF-STUDY & ON-DEMAND
Convenience matters. Time matters. You matter.
In addition to our in-person and livestreamed CPE opportunities, we’ve partnered with select vendors to offer you thousands of online CPE opportunities, including webinars, self-study and on-demand options!
Accounting Continuing Professional Education Network (ACPEN)
ACPEN is the largest and most comprehensive CPE network in the nation. Through our partnership with many associations and our NASBA accreditation, ACPEN brings worldclass CPE to your desktop in the most engaging and interactive way possible!
ACPEN offers a vast catalog of live video webcasts and live webcast replays, ranging in length from 1–8 CPE credits. All ACPEN webcasts are written and taught by their respective authors, which we believe provides our viewers with the highest-quality instruction and information, for the most authentic learning experience possible. All webcasts are available for individual as well as group viewing. In addition to technical accounting and tax content, we also have a large library of nontechnical topics. We have courses that are geared toward your members in industry as well as HRrelated content that would be valuable to those in industry as well as those CPAs who play an HR role in their own firms or companies. The extensive ACPEN catalog is composed of courses from the following product lines:
ACPEN Signature Series
The ACPEN Signature Series represents the top-of-the-line online CPE. All ACPEN Signature courses are 8 hours in length and include nationally recognized experts and highly experienced practitioners as well as representatives from regulatory and standard-setting bodies, including the IRS, GASB, FASB, GAO and many more. These Signature CPE training courses cover the most relevant accounting, tax and finance topics in an interactive and discussion-rich format.
The ACPEN Industry Institute™ (Aii)
The ACPEN Industry Institute provides a full curriculum of CPE courses specifically designed for accountants working in business and industry, delivered in a live, interactive, video webcast format. This includes but is not limited to technology training, management, finance, leadership, ethics and banking.
The ACPEN Tax Institute (Ati)
Ati offers the latest, most up-to-date continuing education for CPAs and finance and tax professionals. These tax CPE courses focus on updates and changes in tax code and practice and are offered on various dates and at various times, all providing live CPE credits.
Partner-Produced Programs
The ACPEN network offers a unique opportunity for our state CPA society partners to share their content with practitioners across the country. This is just another example of ACPEN’s unparalleled effort to provide a broad range of topics to meet the continuing professional development needs of every CPA.
AICPA®
Real time, anytime and on your time When it’s your time to spend, you want to use it wisely. So, the minute you’re ready to complete your required CPE, you can count on the AICPA to provide the most relevant expert knowledge — how you need it, when you need it and wherever you are.
CPE Self Study
Improve your skills and meet CPE requirements with hundreds of highquality, self-paced courses from the AICPA.
Webcasts
AICPA webcasts offer a high-resolution, studio-quality experience and real-time interaction with experts, regulators, agency representatives and more. You’ll gain practical guidance and insights — and your organization or clients will benefit from the expertise they deserve and expect. Now, that’s making the most of your time.
Online CPE l Webinars,
CalCPA
CalCPA Education Foundation (CalCPA) offers a full array of continuing education programs. With CalCPA webinars, you can enjoy the flexibility of participating in CPE wherever you are. Enjoy high-quality video feeds and the ability to communicate directly with the instructor through a question box. Materials are available in PDF format and can be saved, printed and annotated.
CalCPA’s courses cover everything from accounting, auditing, tax and management to ethics, litigation, retirement, trusts and estates. With our ever-evolving lineup of programs and more than 1,200 webinars to choose from, there’s a course for every interest area and educational need.
Our instructors aren’t just experts. They’re industry practitioners, bringing real-world insights to the table. Experience dynamic and informative programs led by professionals who understand the content and its practical application in the accounting profession.
CPA Crossings
CPA Crossings LLC provides an extensive catalog of live, web-based CPE programs produced and delivered by over 60 nationally recognized speakers. Our catalog consists of more than 3,500 webinar events per year, covering more than 430 topics in the areas of technology, practice management, workflow automation, accounting & auditing, tax, ethics and fraud. Our courses range from 1 to 8 hours with flexible scheduling that includes evenings and Saturdays, so you can easily fit continuing education into your workweek.
K2 Enterprises
K2 Enterprises is proud to offer a broad curriculum of technologyfocused CPE webinars to WICPA members. Now you can have webinar access to many of the courses that have made K2 Enterprises a leader in providing CPE to professionals throughout North America.
When you take a K2 Enterprises webinar, you will have the opportunity to learn from an award-winning team of instructors with literally hundreds of years of experience in helping professionals identify, address and solve issues through technology’s practical application. K2 Enterprises offers webinars on various topics, including Excel, QuickBooks, PDFs, accounting solutions and Microsoft Office.
As a NASBA-approved sponsor of webinar learning, we assure you of a high-quality event that is both convenient and affordable. We look forward to helping you meet your learning objectives. Improve your efficiency and productivity by participating in a webinar produced by K2 Enterprises!
Surgent Professional Education
The trusted leader in accounting and finance education
Surgent has been one of the nation’s leading providers of continuing education for CPAs for more than 35 years. Surgent delivers over 1,500 webinars and offers 200+ unique selfstudy products every year, giving you the CPE you need — when you need it.
Surgent’s live webinars provide the practical, up-to-date information you need to meet your CPE needs from the comfort of your office or home. Each webinar features knowledgeable and engaging experts from Surgent
speaking on timely and relevant topics in accounting, auditing, government, nonprofit, technology and tax while answering your most critical questions. Webinars are offered daily, including evening and weekend options for your convenience.
Surgent self-study CPE enables you to earn CPE credits at your own pace and at a time you choose. Whether you prefer downloadable PDFs or an ondemand webcast format, you’ll get the same high-quality Surgent content — plus 24/7 access, instant exam grading and certificates by email, making Surgent self-study CPE the ideal option for CPAs with less predictable schedules.
In addition to individual self-study courses and live webinars, Surgent offers a number of CPE packages that provide added convenience and value. Consider the following:
Surgent’s Unlimited Plus Package (SP-0001)
Surgent’s Unlimited Plus Package is the best value on the market today! This package features 12-month access for a single user to all of Surgent’s self-study courses plus access to every Surgent live webinar. This is the only package that includes premium courses, specialized courses and our Weekly Expert Hour. With 1,500+ live webinars on the calendar this year alone, plus more than 200 self-study CPE courses available in the package, you’ll always be able to find a live or self-study course on the topic and in the format you need. Earn as much CPE as you need and explore as many topics as you’d like for one full year from the date of purchase. Surgent webinars and self-study courses are regularly updated, so no matter what format you select, you’ll have access to the latest information you need for your professional practice. As a WICPA member, you pay just $645 — 24% off Surgent’s retail price!
Surgent’s Unlimited Self-Study Package (SP-0002)
Surgent’s Unlimited Self-Study Package includes 12-month access for a single user to every PDF download course in Surgent’s catalog. Earn as much CPE as you need and explore more than 200 courses (each ranging from 2 to 16 credits) whenever it’s convenient for you, with access for one full year from the date of purchase. Tests are taken online, and CPE certificates are emailed immediately upon passing. As a WICPA member, you pay just $349 — 30% off Surgent’s retail price!
Surgent’s Unlimited Webinar Package (SP-0003)
Surgent’s Unlimited Webinar Package includes unlimited access for one year from the date of purchase for more than 1,500 live webinars on hundreds of topics. With multiple live webinars offered every week — including weekends — airing at a variety of convenient times throughout the day and evening, you’ll always be able to find a live webinar on the CPE topic you need at a time that best fits your schedule. With the most modern webinar platform in the industry and interactive courses with renowned expert instructors, you’ll receive the guidance and analysis you need with an unmatched customer experience. As a WICPA member, you pay just $475 — 32% off Surgent’s retail price!
Wolters Kluwer
Wolters Kluwer and the Wisconsin Institute of CPAs have joined forces to offer WICPA members the following benefits:
• 25% off all CCH® Publications
CCH Publications provide a quick and economical way to stay on top of industry and market-leading tax and accounting developments.
• 25% off the following CPELink Products — Meeting your CPE requirements every year is time consuming enough without spending extra time hunting for relevant courses and keeping track of what you need. CCH CPELink helps you meet those requirements without the added stress. Hundreds of courses are offered, covering a broad range of topics relevant to your professional development.
o Live Webinars are the most convenient way to earn CPE credit — without taking a test. You get coverage of today’s hot topics along with high-quality, interactive courses led by expert instructors. Plus, you have the flexibility to log in and listen from anywhere. It doesn’t get any easier than that!
o Self-Study courses are easy to use, interactive and mobile friendly! Work at your own pace, and enjoy instant access to your online self-study courses immediately after purchase.
o Unlimited Webinars Package provides unlimited access to over 300 live webinars for more than 600 CPE hours!
o Unlimited Self-Study Package provides unlimited access to over 400 courses for more than 900 CPE hours!
o Firm Package provides unlimited access to over 700 courses for more than 1,500 CPE hours to your whole firm! (peruser charge; minimum 5 users)
Take advantage of your member benefits today! Visit www.cchcpelink.com/wicpa
WICPA CPE On-Demand
CPE on YOUR schedule – anytime, anywhere.
Miss one of our livestreamed conferences, seminars or breakfast meetings? No worries! You can now view past WICPA conferences and the most popular seminars and breakfast programs at your convenience.
With WICPA CPE On-Demand, you’re able to:
• Instantly access high-quality CPE from top subject matter experts.
• Follow along with speakers as their slides automatically transition side-by-side with the video.
• Download presentation materials for easy reference now and in the future.
• Get formal CPE credits automatically added to your WICPA CPE Tracker upon completion.
For available WICPA CPE On-Demand courses, visit wicpa.org/OnDemand.
CONFERENCES
Looking to be a standout accounting professional?
WICPA conferences offer you the opportunity to connect with fellow accounting and business professionals while hearing from local and national experts.
In-person and livestream attendance are available for conferences. Attendance via livestream qualifies for formal CPE credits. There will be checkpoints during the presentations that will require you to verify your presence. Our livestreams also have opportunities for Q & A — by typing in your questions that are then provided to the presenter.
WICPA members save up to $150 on registration! Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences
Not-for-Profit Accounting
Sept. 12, 2024
WICPA, Waukesha
The Not-for-Profit Accounting Conference covers a variety of specialized topics specifically designed to address the accounting and financial issues facing not-for-profit organizations. This conference’s attendees include executive officers, controllers, accounting staff, managers, and other financial and administrative professionals serving not-for-profit organizations, health care, social service agencies, and hospital and nursing home administrations.
Business & Industry Fall
Oct. 22, 2024
Brookfield Conference Center, Brookfield
The Business & Industry Fall Conference provides CPAs, CFOs, CEOs and controllers working in industry, public accounting, government, education and the nonprofit sector with updates on current issues and
implications affecting various areas of business operations — including operations, HR, IT and ethics — along with the latest ways to manage a changing workplace.
Tax
Nov. 11-12, 2024
Brookfield Conference Center, Brookfield
The Tax Conference is the must-attend event for accountants, lawyers and business professionals who want to stay current on changing federal and Wisconsin tax laws. You will learn about issues from experts in tax and related fields who offer detailed updates and tips that can help both you and your clients. This two-day conference is for professionals from all levels of experience, including those in public practice and industry as well as practicing attorneys, corporate counsel, and business and financial managers.
Accounting & Auditing
Nov. 21, 2024
WICPA, Waukesha
The Accounting & Auditing Conference provides CPAs and financial professionals in public accounting, industry and government — as well as their staff — with information on current changes and timely issues in auditing standards, FASB, GASB, government managing, improving data and document workflow, and accounting and financial reporting.
Accounting Technology
Dec. 10, 2024
WICPA, Waukesha
The Accounting Technology Conference focuses on in-depth coverage of technology issues, solutions and advancements that apply specifically to CPAs and accountants, with the goal of improving efficiency and effectiveness in all areas of the profession, including public practice, business, industry, government and nonprofit organizations.
Business & Industry Spring
March 20, 2025
Brookfield Conference Center, Brookfield
The Business & Industry Spring Conference provides CPAs, CFOs, CEOs and controllers working in industry, public accounting, government, education and the nonprofit sector with updates on current issues and implications affecting various areas of business — including operations, HR, IT and ethics — as well as improved ways to manage a changing workplace.
Financial Institutions
May 13, 2025
WICPA, Waukesha
The Financial Institutions Conference covers a number of specialized topics, including regulatory, accounting, tax and legislative updates, compliance issues, and the latest economic conditions that financial institutions need to know about. Professionals who should attend this conference include CEOs, CFOs, controllers, managers and other financial staff serving all sizes and types of financial institutions.
School District Audit
May 21, 2025
WICPA, Waukesha
The School District Audit Conference provides beginning and advanced auditors of Wisconsin school districts with the latest auditing updates, developments and tools they can use to better serve school districts and their communities. Conference attendees include CPA firm partners, shareholders and managers, school principals, controllers, accountants and auditors, and other financial staff.
Make the Most of Your WICPA Website!
Use the MY WICPA personal dashboard to put membership at your fingertips.
• Manage your profile and contact information.
• Update your areas of interest and volunteer opportunities.
• Find member benefits.
• Renew your membership.
Designate an organization administrator to manage membership and registrations for everyone at your organization.
• Pay membership dues and make Educational Foundation contributions for your organization in one transaction.
• Register multiple individuals for programs.
• Update your organization’s roster, and manage employees at multiple office locations.
• Add your organization’s information to Find a CPA.
Reach out to membership@wicpa.org or call 800-772-6939 to become an administrator.
Easily track registrations, upcoming courses, events and meetings in MY CPE.
• See your upcoming WICPA programs, events and meetings.
• Access and download your CPE materials and certificates.
• Use the CPE Tracker to monitor your formal and informal CPE credits for the reporting period.
• Add other formal and informal CPE to the tracker to keep all your records in one place.
Ask questions, give advice and share information in the WICPA Connect online community.
• Read and participate in current discussions — or start a new one.
• Personalize your profile by controlling notifications and adding interests, education, experience, signatures and your photo.
• Use the Member Directory to find and connect to members across the state.
• Connect with specialized groups by joining a committee such as Wisconsin or Federal Taxation, Business and Industry, Not-for-Profit and many others.
Breakfast Programs
LIVESTREAM BREAKFAST PROGRAMS
Our Breakfast Programs provide a convenient way to earn 2 to 4 CPE credits while you stay updated on a variety of topics and still have valuable time remaining in your day. All programs qualify for formal CPE credit and provide the opportunity for Q & A by either asking the question or typing your question in the chat area for the presenter.
Breakfast Program Season Passes
Register for individual programs or receive the BEST DEAL and register for a Season Pass. A Season Pass is an easy way to register for individual programs all at once — at great cost savings!
Options this year include a monthly Wednesday or Friday program Season Pass (or sign up for the Complete Breakfast Programs Season Pass to receive MORE savings)
In addition, a three-part series on Financial Planning is being offered free for members.
Wednesday Breakfast Programs Season Pass (BPWSP)
This Season Pass includes registration to all Livestream Wednesday Breakfast Programs listed below:
Sept. 4 State of the Accounting Profession (BP0904LS)
Oct. 2
Nov. 6
Qualified Plans for Small Business: A Different Perspective (BP1002LS)
Take advantage of the most CPE and cost savings by registering for ALL the Livestream Breakfast Programs! This Season Pass includes ALL Livestream Wednesday and Friday Breakfast Programs.
Are you at an inflection point? This session will discuss opportunities and challenges and how to grow attractive, sustainable, culture-rich firms. We will explain the drivers fueling M&A and succession and talk about how to build value.
Registration:
$69 member | $99 nonmember $49 retired, part-time, unemployed/ leave-of-absence
CPE credit: 2 credits
Sept. 27 | Open 7:30 a.m.
Program 8 – 10 a.m.
Principles for a Successful Retirement (BP0927LS)
Bruce Lanser, CIMA, CRPS, CRPC, CPFA, AIF, Senior Retirement Plan Consultant, UBS Retirement Plan Consulting Group
Planning for retirement may feel overwhelming, but focusing on the levels of control you have over various factors can give you more confidence. There are factors that are out of your control, like market returns, the future of tax policy, and legislative and regulatory reforms. Using slides from The Guide to Retirement, we present seven essential retirement planning principles, giving investors the confidence to make more-informed decisions and take positive steps toward a successful retirement.
Qualified Plans for Small Business: A Different Perspective (BP1002LS)
Todd Voit, PhD, Portfolio Manager, Voit & Company LLC
This session will cover several retirement plans and their benefits and differences. Topics will include SIMPLE vs. 401(k), start-up plan tax credits with SECURE 1.0 and SECURE 2.0, a plan design checklist, retirement plans as chassis for financial wellness benefits, and qualified plan investment considerations.
We will discuss current and upcoming changes to state and federal employment laws as they affect business owners and their business partners. Although topics may change and our legal landscape shifts, we will discuss DEI and ESG requirements and trends, changes to accommodation laws, evolving noncompete requirements, and the latest in employee communication rights.
Prashant Kothari, CA, CPA, CISA, President, SkillBench Inc.
In this session, we will discuss ways to overcome talent challenges faced by the accounting community, including CPA firms, controllers and CFOs. What is the root cause of the talent shortage in the accounting profession? Learn about solutions adopted by industryleading firms through the use of offshore staffing and things to consider when adopting or accelerating an offshore staffing model.
Registration:
$69 member | $99 nonmember $49 retired, part-time, unemployed/ leave-of-absence
CPE credit: 2 credits
Nov. 15 | Open 7:30 a.m. Program 8 – 10 a.m.
Solving for Staff Shortages & Work Exhaustion in the CPA Profession (BP1115LS)
Jason Glisczynski, CPWA, CFP, CAS, CEO, Principal Advisor, SilverTree LLC
This presentation delves into four crucial areas of practice management, addressing the current challenge of staff shortages and work exhaustion within the CPA profession. We will explore:
• Segmenting Your Book of Business: Implementing a strategy for client attention that is fair but not equal.
• Finding More Revenue From Existing Clients: Enhancing revenue through Client Accounting and Advisory Services (CAAS) and moving up market.
• Project or Value-Based Vs. Hourly Billing: Transitioning to a billing model that benefits both firms and clients.
Breakfast Programs
• Operational Efficiency: Streamlining operations for maximum effectiveness and minimum burnout.
Each segment is designed to provide actionable insights and strategies drawn from industry best practices and the latest trends.
Wisconsin Department of Revenue Income, Sales & Excise Tax Update (BP1213LS)
Nate Weber, CPA, Director, Office of Technical Services, Wisconsin Department of Revenue
The presentation will include a summary of new Wisconsin tax laws, changes to 2024 Wisconsin tax returns, updates on DOR administrative and procedural initiatives affecting tax practitioners, and various other topics.
James Brandenburg, CPA, MST, Tax Director, Sikich LLP
This session will cover federal tax legislation enacted in 2024 as well as major IRS developments and tax cases during the year. In addition, an initial post-election analysis on the outlook in Washington in Congress and the administration for tax legislation in
2025, especially with many of the TCJA changes set to expire in 2026. Review of possible changes and some taxplanning strategies will be discussed.
Jan. 3, 2025 | Open 7:30 a.m. Program 8 a.m. – noon
Individual Income Tax Update (BP0103LS)
June F. Norman, CPA, MST, Partner, Hartwig, Norman & Shannon LLP
Join us for a fast-paced and lively session reviewing all that has happened in the past year and emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of general tax topics concerning individuals, including new and prior legislation affecting the current filing year; planning tips; changes in forms, procedures and filing requirements; and practical insights for the small tax practitioner so you leave prepared and motivated for the filing season ahead.
NOTE: The registration fee for this program includes a Master Tax Guide, which will be mailed to each participant’s home address on file at no additional cost (please make sure your address is current in your My WICPA account before ordering). Estimated to mail early January 2025.
This presentation is designed to help CPAs prepare their clients for audit and know what to do if they think a client received a credit for which they were not eligible or have concerns about their claim. Discussion will be in-depth with ERC guidance while providing specific examples and advice to help CPAs prepare clients for an ERC audit.
Elizabeth Colson, CPA, MSA, Director & Partner, Truity Partners
This session will address the challenges of the ongoing labor shortage and the need for focus and ideas around retention and recruiting in this new employment age.
Feb. 21, 2025 | Open 7:30 a.m. Program 8 – 10 a.m.
MS Word Can Make You a Better Writer (BP0221LS)
John Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education Inc.
Many accountants write in a boring style featuring passive sentences, complex wording and low readability scores, causing people to ignore what is written. Learn how MS Word can provide concrete feedback to significantly improve writing. This
session will also show how to use Word’s “styles” features to create a professional look and automatically index your documents.
March 7, 2025 | Open 7:30 a.m. Program 8 – 10 a.m.
Economics: A Practical Review (BP0307LS)
Todd Voit, PhD, Portfolio Manager, Voit & Company LLC
Understanding economics can provide CPAs valuable insights into the financial landscape, aiding in decision-making and client advisory roles. By mastering these aspects of economics, CPAs can offer more-informed financial advice, assist clients in navigating economic challenges, and contribute to the success of businesses and individuals in a dynamic economic environment.
March 19, 2025 | Open 7:30 a.m. Program 8 – 10 a.m.
Future Perspectives & Management
Trends in Accounting (BP0319LS)
Travis Jack, CPA, Managing Member, Metz CPA
In this overview of the main facets of accounting practice management, we will review and discuss different strategies deployed by firms of various size, ranging in topics from team engagement and retention to changes in client pricing methodology, industry/ niche selection strategies at different sized firms, pricing methodologies, accounting tech stack trends, and
evolution of offshore/right-shore models utilized in public accounting.
April 25, 2025 | Open 7:30 a.m. Program 8 – 10 a.m.
Beyond Traditional Budgeting: Use Performance Metrics to Improve Financial Planning & Control (BP0425LS)
John Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education Inc.
Many financial managers constantly struggle to keep their projections current and their operating managers engaged and focused on their budgets. This session will show you how to use performance metrics to reduce forecasting work and improve financial control and manager engagement in your department’s numbers.
April 30, 2025 | Open 7:30 a.m. Program 8 – 10 a.m.
Investment Review, Including Economics & Portfolio Management for the Practicing CPA (BP0430LS)
Todd Voit, PhD, Portfolio Manager, Voit & Company LLC
This program will cover a variety of ways to help clients understand economics and investments, including the following general topics: the portfolio management process; basic investment objectives of clients, including mutual funds & ETFs and how they fit in; basic portfolio theory and what it looks like in practice; economic refreshers, such as government
economic tools and exchange rates; fixed income types (such as bonds and CDs) and how changing yields factor into your clients’ investment portfolios; a basic understanding of equity markets (today’s and tomorrow’s); and criteria to use to help clients decide between stocks and bonds.
Maximizing Efficiency Through Automation for Accounting Professionals (BP0509LS)
Isaac Perdomo, Lead Automation Strategist, Opzer
Hear from an automation expert who will demystify what automation truly means for the accounting profession. Whether you’re an accounting firm owner or a professional within a larger organization, join in to gain practical insights on specific automation tools and how to integrate these technologies into your daily tasks.
Technology Trends (Blockchain, Crypto & AI) for Accounting Professionals (BP0521LS)
Dr. Sean Stein Smith, CPA, DBA, CMA, CFE, CGMA, Assistant Professor, University of New York City–Lehman College
This session will cover and examine several of the most important technology trends that are driving
Breakfast Programs
change in the accounting profession: blockchain, cryptoassets and artificial intelligence. For each technology discussed, attendees will be given background on the tools and a review of current market trends and updates, as well as examples of how the tools are already being implemented in business and by the accounting profession. For the AI portion, attendees will be shown how — in a step-by-step manner — to use tools such as ChatGPT for business, including how to construct customized GPTs to assist with research and other practice management issues. At the end of the session, attendees will receive resources where they can learn more about each technology.
This three-part series, free to members, will help educate participants on various financial planning topics, including a market outlook, retirement plan information and investment strategies.
Financial Planning Series Season Pass (FPSP) – Free to members
Conveniently register for all three parts of the Financial Planning Series with the Season Pass or register for the individual programs separately.
NOTE: Each program is not dependent on attending the preceding program.
Oct. 24 Navigate the Markets: Strategies for Your Investment Journey (FP1024LS)
Registration for Season Pass: FREE to members | $75 nonmember CPE credit: 3 credits
Oct. 10 | Open 8:30 a.m. Program 9 – 10 a.m.
Market Outlook (FP1010LS)
Manuel Rosado, MBA, President, Spectrum Investment Advisors Inc.
Scott Schwartz, NQPA, Senior Relationship Manager, Spectrum Investment Advisors Inc.
Dan DeDecker Jr., Relationship Manager & Investment Specialist, Spectrum Investment Advisors Inc.
Gain the confidence to make informed investment decisions with our market update. This session will equip you with the latest information to navigate the market and plan for your future. We will highlight the major themes and concerns impacting investors and how best to manage your retirement portfolio. Topics include historical asset category returns, the election’s impact on markets, Federal Reserve policy and expectations, and market valuations and outlook.
Registration: FREE to members | $30 nonmember CPE credit: 1 credit
Oct. 17 | Open 8:30 a.m. Program 9 – 10 a.m.
Empower Your Future: Financial Wellness & Retirement Planning (FP1017LS)
Manuel Rosado, MBA, President, Spectrum Investment Advisors Inc.
Scott Schwartz, NQPA, Senior Relationship Manager, Spectrum Investment Advisors Inc.
Dan DeDecker Jr., Relationship Manager & Investment Specialist, Spectrum Investment Advisors Inc.
Building a secure retirement starts with achieving financial well-being. Join us to explore practical steps toward both, and learn how plan sponsors can craft a program for their employees who are stressed
about finances or want help with personal finances. Help employees take control of their financial future with a financial wellness program designed to help them manage every step of the journey, including a custom wellness report, actionable steps and a professional financial advisor.
Registration:
FREE to members | $30 nonmember CPE credit: 1 credit
Oct. 24 | Open 8:30 a.m. Program 9 – 10 a.m.
Navigate the Markets: Strategies for Your Investment Journey (FP1024LS)
Manuel Rosado, MBA, President, Spectrum Investment Advisors Inc.
Scott Schwartz, NQPA, Senior Relationship Manager, Spectrum Investment Advisors Inc. Dan DeDecker Jr., Relationship Manager & Investment Specialist, Spectrum Investment Advisors Inc.
Feeling lost in the market maze? Receive the latest market information and expert guidance to help you make informed decisions about your investment strategy. This program will provide a historical review of various asset class returns, including potential risks and opportunities, risk tolerance and how it aligns with your investment approach and asset allocation, retirement plan investment options, details on target-date funds, and the fund selection process for retirement plans.
Registration:
FREE to members | $30 nonmember CPE credit: 1 credit
IN-PERSON BREAKFAST PROGRAMS
The Individual Income Tax Update courses will continue to be available in person this year at four separate locations around the state.
Dec. 6 | Open 7:30 a.m. (LCBP12) Program 8 a.m. – noon
Stoney Creek Hotel & Conference Center, Onalaska
Dec. 13 | Open 7:30 a.m. (NBP12) Program 8 a.m. – noon
Radisson Hotel & Conference Center, Green Bay
Jan. 3, 2025 | Open 7:30 a.m. (WBP01A) Program 8 a.m. – noon WICPA, Waukesha
Jan. 10, 2025 | Open 7:30 a.m. (MBP01) Program 8 a.m. – noon Sheraton Madison Hotel, Madison
Jan. 15, 2025 | Open 7:30 a.m. (WBP01B) Program 8 a.m. – noon WICPA, Waukesha
Individual Income Tax Update
June F. Norman, CPA, MST, Partner, Hartwig, Norman & Shannon LLP
Join us for a fast-paced and lively session reviewing all that has happened in the past year and emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of general tax topics concerning individuals, including new and prior legislation affecting the current filing year; planning tips; changes in forms, procedures and filing
requirements; and practical insights for the small tax practitioner so you leave prepared and motivated for the filing season ahead.
NOTE: The registration fee for this program includes a Master Tax Guide, which will be mailed to each participant’s home address on file at no additional cost (please make sure your address is current in your My WICPA account before ordering). Estimated to mail early January 2025.
Registration:
$159 member | $199 nonmember $119 retired, part-time, unemployed/ leave-of-absence
CPE credit: 4 credits
Seminars l Accounting & Auditing
ACCOUNTING & AUDITING
NOTE: All programs will be livestreamed unless otherwise noted.
Sept. 9 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
WICPA Professional Development Center, Waukesha
Assessing the Risk of Fraud in a Financial Statement Audit (ARF8)
Kenneth Levine, CPA, Retired Partner, BDO USA P.C.
This course will discuss the audit procedures that should be performed in accordance with AU-C §240 as recently amended, best practices in performing fraud-risk assessment procedures, when and how to report control deficiencies noted in an audit, and the most frequent types of fraud found in small to mid-sized entities along with internal controls that could be implemented to help prevent and detect them. Using case studies, we will look at various cyberfraud schemes and how they might be prevented or detected, the use of analytics as fraud-risk procedures, and assessments of fraud risk in a Single Audit.
$50 early bird discount if registered & paid 30 days prior to program Level of knowledge: Beginning CPE credit: 8 credits
Developed by: Surgent
Sept. 10 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
WICPA Professional Development Center, Waukesha
Compilations,
Reviews & Preparations: Engagement
Performance & Annual Update (CRAU)
Kenneth Levine, CPA, Retired Partner, BDO USA P.C.
This course will provide preparation, compilation and review practitioners with a comprehensive review and hands-on application for performing financial statement preparation, compilation and review engagements. You will learn the ins and outs of applying SSARS No. 21, Clarification and Recodification, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-26 by the ARSC. In addition, the entire suite of quality management standards and how to effectively apply them will be discussed. The course will review recent peer review feedback on SSARS engagements, providing insights on how to successfully apply this guidance, and will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Update
CPE credit: 8 credits
Developed by: Surgent
Sept. 11 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Fraud Prevention (FP)
Rob Berry, CPA, President, That Audit Guy
A recent study by the Association of Certified Fraud Examiners estimated that fraud costs the global economy more than $3.5 trillion per year. The same study estimated that normal audits discover only about 11% of fraudulent acts, compared to 19% discovered by accident. This seminar
includes seven interactive exercises that allow the participants to apply newly acquired knowledge in a realtime setting. Bring a calculator.
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: The Knowledge Institute
Sept. 18 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Audits of Employee Benefit Plans
Subject to ERISA (AUEBP)
Daryl G. Krause, CPA, CEO, DG Krause LLC
Employee benefit plan audit engagements remain under close examination by regulators and peer reviewers, stemming from a historical pattern of noncompliance with applicable professional standards. This involves navigating the audit process from the initial engagement acceptance through reporting and completion.
Given that 401(k) plans represent the predominant plan type subjected to audits, we engage in a comprehensive examination of these plans. Discover strategies to meticulously plan and execute risk-based plan audits, ensuring adherence to professional standards without compromising efficiency.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Beginning CPE credit: 8 credits
Developed by: AICPA
Sept. 19 | Open 8 a.m.
Program 8:30 a.m. – noon
Avoiding Deficiencies in Peer Reviews: Focus on Engagement Quality (ENQ4)
Jim Schmutte, CPA, DBA, Professor, Ball State University
In June 2022, two new statements on quality management were issued. Another was issued recently to incorporate the changes to the group audit standard (SAS 149). A related audit standard on engagement quality, SAS 146, and an accounting and review service standard, SSARS 26, were also issued with substantive changes effective for years beginning after Dec. 15, 2025. This course will discuss the new standards and will focus on the most significant items resulting in deficiencies identified in the peer review process. We will also discuss the applicable audit standards, documentation requirements and best practices.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Sept. 20 | Open 8 a.m.
Program 8:30 – 10:20 a.m.
Audit Documentation Requirements (ADR2)
Jim Schmutte, CPA, DBA, Professor, Ball State University
Audit documentation provides evidence that the audit was planned and performed in accordance with generally accepted auditing standards (GAAS) as well as applicable legal and regulatory requirements. This course will discuss the documentation requirements, tips and techniques for self-review, and common workpaper deficiencies and explain how to prepare workpapers in proper form.
Jim Schmutte, CPA, DBA, Professor, Ball State University
Over the past few years, the AICPA revamped the quality management standards by issuing Statement on Quality Management Standards 1, 2 and 3, SSARS No. 26 and SAS 146 (Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards). These standards, effective Dec. 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use, and the presence of outside experts on many engagements. We will cover the key provisions of the standards, how to effectively implement them, and what you need to do today to prepare for the required implementation.
Accounting, Audit & Attest Update for Practitioners With Small Business Clients
(SMBP)
Kenneth Levine, CPA, Retired Partner, BDO USA P.C.
This course is a comprehensive update covering recently issued accounting, auditing and SSARS standards, as well
as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance. Through a detailed review of the new lease accounting guidance, common special-purpose frameworks, new guidance related to audits and SSARS engagements, and the soon-tobe-effected credit loss standard, this course will get you up to speed on the things most important to your small and medium-sized clients.
Registration:
$379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Update CPE credit: 8 credits
Developed by: Surgent
Oct. 17 | Open 8 a.m. Program 8:30 a.m. – 4 p.m.
U.S. GAAP: Review of New Guidance & Hot Topics (GAAPR)
Bruce A. Shepard, CPA, MBA, Consultant, Bruce Shepard
This course offers a review of new guidance and hot topics in accounting. The new guidance portion covers a range of topics, including pronouncements, exposure drafts and other guidance recently issued by FASB. Concurrently, the course addresses hot topics, tackling major updates to accounting standards such as revenue recognition, credit losses and leases, and key topics like fair value measurement.
Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know (CL4INRR)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelley School of Business at Indiana University–Indianapolis
The effective date of FASB ASC 606, Revenue From Contracts With Customers, is here! Do you know which contracts are within the scope of the standard and when revenue should be recognized at a point in time or over time? This course provides a basic understanding of the five-step process for recognizing revenue under FASB ASC 606. Supported by practical examples, this course addresses core principles that all CPAs need to know. Updates to this course include the latest guidance from FASB, industry-specific examples taken from the AICPA’s Revenue Recognition: Audit and Accounting Guide, and disclosure illustrations.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Oct. 29 | Open 12:30 p.m. Program 1 – 4:30 p.m.
The Bottom Line on the New Lease Accounting Requirements (CL4LEAS)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelley School of Business at Indiana University–Indianapolis
Which leases are within the scope of FASB ASC 842, Leases, and what are the basic accounting, financial reporting, and disclosure requirements? This course focuses on the standard’s basic core principles and will provide clarity on essential topics such as the identification, recognition, measurement, presentation and disclosure requirements for leases.
Engaging case studies are incorporated to illustrate the application of the standard. Additionally, this course explores the lessee accounting model, shedding light on lease classification, amortization of the right-of-use asset, and the calculation of interest on the lease liability. We also examine the accounting model for lessors, addressing key considerations, such as profit recognition and the assessment of collectability.
The auditor’s responsibilities related to risk assessment have changed! This power-packed course will empower you with working knowledge of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, to successfully apply the standard.
If you supervise preparation, compilation and review engagements, this course is designed to assist you in adhering to professional standards and inform you of the latest developments and pertinent issues relevant to these engagements. Gain insights into the U.S. business economy; peer review practices; FASB updates; and various aspects that influence preparation, compilation and review engagements.
Securing a Comfortable Retirement in the Age of Spending (SCRT)
Kevin L. Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management LLC
This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning how to reach their retirement goals.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: Surgent
Nov. 13 | Open 8 a.m. Program 8:30 a.m. – 4:30 p.m.
Predicting the Future (PTF)
Don Minges, MBA, CEO, Numbers Guy CFO LLC
We all make predictions in our personal and professional lives. We base our decisions to marry, buy a house, launch a new product or hire staff on
Seminars l Accounting & Auditing
expectations about the future. How can we use best practices and current research to improve our ability to predict the future? The course material includes eight group discussions and case studies.
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: The Knowledge Institute
Nov. 14 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Construction Contractors: Accounting & Auditing (CAAT)
Daryl G. Krause, CPA, CEO, DG Krause LLC
This course provides essential knowledge required for success in this field, addressing key aspects affecting construction accounting and auditing. It includes an exploration of the new revenue recognition guidance and other recent developments, helping you gauge their implications for yourself, your business or your clients. Additionally, this course sheds light on the dynamics between contractors and sureties. Staying abreast of the latest changes in accounting and auditing for this industry has never been more vital.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Beginning CPE credit: 8 credits
Developed by: AICPA
Nov. 19 | Open 8 a.m.
Program 8:30 a.m. – noon
Construction Contractors: Nonrevenue & Nonlease Accounting Considerations (CCACT)
Daryl G. Krause, CPA, CEO, DG Krause LLC
The construction industry must adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting as well as key issues influencing this field. Discover the implications of recent developments and explore the relationship between contractors and sureties. Staying up to date with the latest accounting changes in this sector is critical.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: AICPA
Nov. 19 | Open 12:30 p.m. Program 1 – 4:30 p.m.
Construction Contractors: Accounting & Financial Reporting Issues (CST4)
Daryl G. Krause, CPA, CEO, DG Krause LLC
Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards, partly due to the many users of the financial statements. This course explores the complexities of construction accounting and financial reporting and the relationship between the contractor and the surety, from both an underwriting and a claims perspective.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate
CPE credit: 4 credits
Developed by: Surgent
Nov. 26 | Open 8 a.m.
Program 8:30 a.m. – noon
Non-GAAP Financial Statement
Options: Cash, Modified Cash & Tax Basis (CMT4)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelley School of Business at Indiana University–Indianapolis
For many businesses, preparing financial statements using a specialpurpose framework (SPF) may provide an alternative to the complexity of U.S. GAAP. This course provides an overview of preparing financial statements and hands-on application using common SPFs such as tax basis and cash or modified cash basis financial statements. You will learn the unique measurement and disclosure requirements of various SPF options using example financial statements and illustrative disclosures. The course also includes common practice issues encountered when preparing SPF financial statements, including disclosure and reporting requirements. We will also review recent updates to both audit and SSARS standards that impact engagements performed on SPF financial statements.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning
CPE credit: 4 credits
Developed by: Surgent
Nov. 26 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Forensic Accounting: Fraud Investigations (FAFI)
Anne Marchetti, President, Account-Ability Consulting
Forensic accounting has been a rapidly growing part of the accounting profession for some time. The rapid expansion of technology, growth in various sectors of business and
industry, and the rise and increase in complexity of white-collar crimes contribute to this growth. A diverse range of clients as well as cases involving all types of fraud make this an attractive profession and one that is always in high demand. This course is designed to elevate your expertise and skills, regardless of whether you come from an audit background, work in the public sector, or are aspiring to become a forensic accountant. This comprehensive course will equip you with the fundamental knowledge needed to identify, investigate and effectively communicate your findings. As an added resource, you will receive a copy of the AICPA’s Forensic & Litigation Services Committee’s Accounting: Fraud Investigations practice aid, serving as valuable guidance for future reference.
Registration:
$379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence
$50 early bird discount if registered & paid 30 days prior to program $30 AICPA member discount
Level of knowledge: Beginning CPE credit: 8 credits
Developed by: AICPA
Dec. 16 | Open 8 a.m.
Program 8:30 a.m. – noon
Financial Statement Disclosures: A Guide for Small & Medium-Sized Businesses (GSM4)
Daryl G. Krause, CPA, CEO, DG Krause LLC
This course will focus on key balance sheet and income statement disclosures as well as those relating to adoption of new accounting standards related to revenue (ASC 606) and leases (ASC 842), accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related-party disclosures. The course will use illustrations, examples based on private-company
financial statement disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.
Current Issues in Accounting & Auditing: An Annual Update (AAU4)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelley School of Business at Indiana University–Indianapolis
Designed for accounting and attestation practitioners at all levels — in both public accounting and business and industry — this course provides a detailed review of SAS No. 145 and brings you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help apply the guidance in practice and discusses other important practice matters to be aware of, including an update on peer review and audit quality.
In a summarized format, this course provides a detailed discussion on the
key topics related to financial reporting. The course will focus on recent ASUs issued by the FASB with a concentration on issues of greatest significance to most accounting practitioners. Specifically, the course will review recently issued FASB standards on leases and provide an update on the status of ASC 842 implementation and other hot-button accounting issues, such as what is on the FASB’s technical agenda. This course will give you a succinct but thorough update on the big topics impacting financial accounting and reporting.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Dec. 18 | Open 12:30 p.m.
Program 1 – 4:30 p.m.
Introduction to Forensic Accounting (ITFA) Thomas E. Newell, CPA, Shareholder, Newell & Newell P.C.
Forensic accounting encompasses fraud investigation and prevention as well as a wide variety of functions in litigation. Forensic accountants provide services ranging from serving as an expert witness to litigation consultant and bankruptcy trustee. This program will discuss the various roles and requirements of forensic accountants, recognize the skills that forensic accountants use, and understand the formal training and certifications available in forensic accounting.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: Surgent
Seminars l Ethics
ETHICS
NOTE: All programs will be livestreamed unless otherwise noted.
Nov. 5 | Open 9:30 a.m.
Program 10 – 11:40 a.m.
Lessons Learned From Recent Accounting Malpractice Actions (AMA2)
When individuals or businesses lose money, they often blame others for their misfortune. Business disputes can sometimes lead to accounting malpractice claims. Understanding the most common types of accounting malpractice claims provides a road map of what not to do. This course provides a current overview of accounting malpractice litigation throughout the United States. The goal is to learn about the types of claims asserted against CPA firms and strategies to employ to avoid such claims. Reviewing malpractice claims allows us to identify patterns of behavior that may reduce litigation risk.
NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPE requirement.
Level of knowledge: Beginning CPE credit: 2 credits
Developed by: Surgent
Nov. 8 | Open 8 a.m.
Program 8:30 a.m. – noon
Ethics & Professional Conduct: Updates & Practical Applications (CL4GRE)
Joselin R. Martin, CPA, CGMA, CCIFP, CEO, True North CFO
Dive into a timely update and refresher on the AICPA Code of Professional Conduct, which covers essential topics such as the conceptual framework, independence provisions for nonattest services, personal independence, and other critical issues. Explore the basic
tenets of ethical and professional conduct to gain insight into the reasons behind the code’s necessity and its organizational structure. Understand why the mandatory nature of adherence to the AICPA code for the accounting profession is recognized by various courts and regulatory bodies and why maintaining current knowledge of the rules and applying them correctly is imperative.
NOTE: This course qualifies for 4 credits toward the WICPA membership Ethics CPE requirement.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: AICPA
Dec. 17 | Open 12:30 Program 1 – 4:30 p.m.
Ethical Considerations for CPAs (ETH4B)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelley School of Business at Indiana University–Indianapolis
CPAs today face greater challenges than ever to maintain the high ethical standards of their profession. This course provides a framework within which to consider the ethical challenges facing CPAs and focuses on ethical requirements CPAs must adhere to in their everyday practice, including practical examples of potential ethical dilemmas practitioners may encounter.
NOTE: This course qualifies for 4 credits toward the WICPA membership Ethics CPE requirement.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
FINANCIAL PLANNING
NOTE: All programs will be livestreamed unless otherwise noted.
Sept. 11 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Current Developments & Best Practices for Today’s CFOs & Controllers (TCFO)
Arthur G. Pulis, MBA, Owner, Pulis & Associates
In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the organization’s success. On one hand, they need to stay abreast
of the latest proven financial skills for making the best decisions, and on the other hand, they need the best skills to motivate, manage and lead people. This course is designed to give the CFO and controller the skills needed to lead their organizations into the rapidly changing decade and has been redesigned to concentrate on what we have learned from the pandemic. Another unique aspect of this course is its constant evolution. The course
The missing piece of your marketing puzzle.
deals with these new issues and will continue to be updated as necessary throughout the year.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Update
CPE credit: 8 credits
Developed by: Surgent
GOVERNMENT & NONPROFIT
NOTE: All programs will be livestreamed unless otherwise noted.
Sept. 12 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Accounting & Auditing Update for Not-for-Profit Professionals (NAU)
Martin Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelly School of Business at Indiana University–Indianapolis
Explore the latest developments affecting not-for-profits, including FASB requirements, OMB and Yellow Book developments. This course offers a thorough review of updates to the auditor’s reporting and conforming standards, ethics, governmental auditing standards, and accounting for not-for-profits. By participating, you ensure you are well versed in current standards and best practices in not-forprofit accounting and auditing.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Update
CPE credit: 8 credits
Developed by: AICPA
Sept. 24 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Advanced Topics in a Single Audit (ADUG)
Roger Cusworth, Controller, Colorado School of Mines
Advanced auditors need to be prepared for complicated issues that can occur during single audits. They also need to understand the responsibilities of planning, directing and reporting on single audits conducted under the Uniform
Guidance. This course will provide insights into key issues, including the responsibilities of the auditor and the auditee in a compliance audit of federal awards; how to evaluate whether requirements for the schedule of expenditures for federal awards have been met; and interpreting the requirements for internal controls, risk assessment and sampling.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Advanced CPE credit: 8 credits
Developed by: AICPA
Sept. 25 | Open 8 a.m.
Program 8:30 a.m. – noon
Best Practices in Not-for-Profit Accounting & Reporting (BPN4)
Jim Schmutte, CPA, DBA, Professor, Ball State University
This course will empower you with the knowledge of not-for-profit accounting and reporting to surpass the expectations of financial statement users. Over 15 focused exercises are included to illustrate and refine today’s best practices in not-for-profit accounting and reporting.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Sept. 25 | Open 12:30 p.m.
Program 1 – 4:30 p.m
The Most Critical Challenges in Notfor-Profit Accounting Today (CNA4)
Jim Schmutte, CPA, DBA, Professor, Ball State University
Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases and more. Now is the time to know more than just what the standards state — we need to know what the standards mean and how they will affect not-for-profit entities. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-forprofit accounting.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Martin J. Birr, CPA, CMA, CIA, MBA, Trustee Lecturer in Accounting, Kelly School of Business at Indiana University–Indianapolis
Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the
tools and knowledge to implement the new standards.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Update
CPE credit: 8 credits
Developed by: AICPA
Nov. 1 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Applying the Uniform Guidance in Your Single Audits (INUG)
Jim Schmutte, CPA, DBA, Professor, Ball State University
Designed to provide you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the requirements of the Uniform Guidance and the Single Audit Act, this course examines how the Single Audit Act relates to OMB Uniform Guidance, as well as the different types of guidance and requirements found in the Uniform Guidance. The course also covers responsibilities and requirements of the auditor and the auditee, how to identify federal assistance, and how to determine a nonfederal entity’s major programs.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: AICPA
Nov. 7 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Real-World Fraud Found in Governments & Not-for-Profits (RFGN)
Anne Marchetti, President, Account-Ability Consulting
Through a comprehensive learning approach using informative case studies, you will learn about realworld government and not-for-profit fraud and your responsibilities when dealing with fraud. This course will cover a range of fraud types, including management override, cyberfraud, procurement and contracting fraud, external financial reporting and personnel fraud. Recognizing fraudulent activity is not always straightforward, but this course will equip you with the knowledge required to identify potential fraud indicators.
Registration:
$379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: AICPA
Seminars l Management & Organization
MANAGEMENT & ORGANIZATION
NOTE: All programs will be livestreamed unless otherwise noted.
Sept. 25 | Open 8 a.m.
Program 8:30 a.m. – noon
Finance Business Partnering: Communicating & Influencing for Optimum Engagement (CL4CIOE)
Rebeka J. Mazzone, CPA, CGMA, Adjunct Faculty Instructor, Providence College School of Business
Designed to equip you with effective strategies and best practices, this course facilitates the delivery of important information to your stakeholders, ensuring you can make informed decisions to drive the business forward. By building on your existing knowledge and experience, the course aims to build your competencies in essential areas of communication and influence.
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: AICPA
Sept. 25 | Open noon Program 12:30 – 4 p.m.
Finance Business Partnering: The Changing Finance Function & Technology Impacts (CL4FFTI)
Rebeka J. Mazzone, CPA, CGMA, Adjunct Faculty Instructor, Providence College School of Business
Designed to introduce you to finance business partnering and highlight the growing importance of this role in management accounting, this course leverages your current knowledge and experience to help you successfully navigate and drive value for your business during a time of disruptive,
technology-led change. It aims to demonstrate how technology is changing the role of the traditional management accountant and how best to embrace this digital revolution.
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: AICPA
Oct. 11 | Open 8 a.m. Program 8:30 a.m. – 4:30 p.m.
Presentation Skills for Success (PSS)
Bob Mims, CPA
Presentation skills are essential to effective leaders, especially for CFOs who must tell their company’s story to both internal and external audiences. The only way to become an effective presenter is to practice. We will introduce concepts and examples and then allow time for you to prepare and deliver a presentation using a topic of your own choosing. Participants will provide each other feedback for improvement.
Part 1 of a 5-course series will address common issues new staff members face. We will focus on strategies to improve efficiency and quality control, build technical skills and make valuable contributions to a company. Part 1 dives into the fundamentals: workpaper techniques, analytical procedures, compilation and review services, tax recognition and research techniques, understanding audit objectives, and auditing and reviewing selected accounts. Per NASBA’s rules effective Jan. 1, 2024, participants are required to be on camera and participate in the full- and small-group discussions to earn CPE credits for this group live–virtual course. As such, please make sure you are set up properly, with reliable internet (hard wired is best), a working camera and a working microphone.
Registration:
$579 member | $679 nonmember $529 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 16 credits
Developed by: AHI
Nov. 11-12 | Open 7 a.m. Program 7:30 a.m. – 3:30 p.m.
Level II: Semi-Senior Staff Training (BST2)
Bonnie Kennedy, CPA, Senior Lecturer & Accounting Program Coordinator, Salve Regina University
This course, the second in a 5-course series, provides the guidance needed to handle small engagements and to
complete small audits, reviews and compilations with minimal supervision. Gain knowledge to improve your skills to perform more complex analytical procedures, including drafting financial statements and footnotes. Per NASBA’s rules effective Jan. 1, 2024, participants are required to be on camera and participate in the full- and small-group discussions to earn CPE credits for this group live–virtual course. As such, please make sure you are set up properly, with reliable internet (hard wired is best), a working camera and a working microphone.
Registration:
$579 member | $679 nonmember $529 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 16 credits
Developed by: AHI
Nov. 14 | Open 8 a.m.
Program 8:30 a.m. – noon
Finance Business Partnering: Successful Business Models & Strategic Choices (CL4BMSC)
Robin Thieme, CPA, CITP, CGMA, IAP, CEO, KBS CFO
Finance professionals can elevate their skills with an application-based approach to finance business partnering offered by this course. Not only will you acquire essential problemsolving skills, but you will also learn how to leverage analytics tools and techniques to aid in decision-making.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Nov. 14 | Open noon
Program 12:30 – 4 p.m.
Finance Business Partnering: Techniques for Effective & Impactful Communication (CL4TEIC)
Robin Thieme, CPA, CITP, CGMA, IAP, CEO, KBS CFO
Designed to enhance your persuasive abilities, this course is intended to provide you with tools and techniques that can be used to influence stakeholders, provide maximum impact, and enhance interpersonal and communication skills. Using these tools and techniques will enable you to become more accomplished in communicating with and influencing key business decision makers and, thus, enable your business to execute its strategic vision.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Dec. 5-6 | Open 7 a.m.
Program 7:30 a.m. – 3:30 p.m.
Level III: Beginning In-Charge Training (BST3)
Richard A. Ferdinand, CPA, CFO, Ensconce Data Technology
Improve your planning, review, audit and other engagement skills. Master techniques for effective communication with clients and colleagues in part 3 of this 5-course series. Discover the secrets to planning and efficiently completing engagements, explore methods for assuming higher levels of responsibility, develop your ability to assess risk and materiality, and learn to make nonstatistical sampling decisions. Designed to offer audit staff members extensive training in crucial procedural, evaluative and supervisory areas. Per NASBA’s rules effective Jan. 1, 2024,
participants are required to be on camera and participate in the full- and small-group discussions to earn CPE credits for this group live–virtual course. As such, please make sure you are set up properly, with reliable internet (hard wired is best), a working camera and a working microphone.
Level of knowledge: Advanced CPE credit: 16 credits
Developed by: AHI
Dec. 11 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Finance & Innovation: Reinvent Your Department & Your Company (FAI) Richard Karwick, MBA Seminar Leader, The Knowledge Institute
Innovation is not solely the purview of marketing, sales, service or production. Financial managers can create organizations that thrive on innovation or kill new ideas. They may choose to help develop and maintain practices that nurture innovation, or they can just maintain the status quo. Truly innovative finance professionals provide new, more meaningful and actionable information to all employees. This seminar provides extensive case-study analysis and many opportunities for group discussion.
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: The Knowledge Institute
Seminars l Management & Organization
Dec. 16 | Open 8 a.m. Program 8:30 a.m. – noon
Securing a Comfortable Retirement (SCR4)
Kevin Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management LLC
This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning how to reach their retirement goals.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Dec. 16 | Open 12:30 p.m. Program 1 – 4:30 p.m.
Innovative Forecasting & Budgeting: Moving Beyond the Traditional Techniques (IFB4)
Arthur G. Pulis, MBA, Owner, Pulis & Associates
We’ll move beyond traditional techniques and show you easier ways to complete the planning, forecasting and budgeting process while cutting out the political pitfalls that end up causing a lack of accountability and demotivating staff. We will cover such topics as the sales/income plan, capital equipment planning, the “one-year operating plan” (formerly referred to as a budget), the “monthly operating plan,” cash planning, risk planning
and much more! Join us as we help you streamline your forecasting and budgeting processes.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Seminars l Taxation
Sept. 26 | Open 8 a.m.
Program 8:30 a.m. – noon
TAXATION
NOTE: All programs will be livestreamed unless otherwise noted.
Maximizing Your Social Security Benefits (SSR4)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax- and financialplanning professionals with both the background information on the Social Security system and the strategies clients will need to deal with Social Security, as well as myriad other retirement-planning issues.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: Surgent
Sept. 27 | Open 8 a.m.
Program 8:30 – 10:20 a.m.
What Tax Practitioners Need to Know About Medicare (MEDC)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
When the first cohort of baby boomers hit age 65 several years ago, tax advisors began to be bombarded with questions concerning all facets of Medicare. How does it work? How do I apply? How much does it cost? Is Medicare optional or required? This program provides a basic introduction to the Medicare program and covers many of the areas of the program that clients are most interested in.
Registration:
$99 member | $129 nonmember $89 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 2 credits
Developed by: Surgent
Sept. 27 | Open 10 a.m.
Program 10:30 a.m. – 12:30 p.m.
Social Security: Dispelling Common Myths With Essential Truths (SMT2)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
For roughly 90% of American retirees, Social Security income will be the foundation of their retirement income. Yet many are ill-prepared and lack understanding of the critical aspects of making an informed claiming decision. This course dispels common myths about Social Security that
lead to confusion and replaces them with the truth to an empowered retirement. Help your clients navigate their claiming-age decisions with greater confidence, equipped with the essential truths they should consider before pushing the Social Security “on” button.
Both businesses and individual clients face major changes as a result of new legislation, and tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. This course addresses this challenge and also encompasses the latest cases and rulings applicable to individual and business clients. Continually updated to reflect enacted legislation.
The Top Five Tax Issues in Dealing With LLCs & Partnerships (LP04)
John Lawrence, CPA
Partnerships and LLCs involve unique problems that require careful attention. This course covers selected critical tax issues that practitioners need to know when working with partnerships and limited liability companies, with a focus on planning opportunities and pitfalls.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Oct. 30 | Open 8 a.m. Program 8:30 a.m. – noon
Multistate Income Tax Issues (MIT4)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case, the states are working fast and furiously to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in the area of nexus. Learn how nexus requirements have changed and where the state laws may be heading in the future.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Oct. 30 | Open noon Program 12:30 – 4 p.m.
Taxation of Property Transactions (TPT)
Dennis P. Riley, CPA, MBA, President, CuttingEdgeCPA.com LLC
A fundamental understanding of the taxation of business property transactions is essential to any tax practice. This course prepares tax professionals to handle the tax effects of common property transactions, including like-kind exchanges and involuntary conversions. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.
This course will bring you up to speed on the latest individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away ready to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. Continually updated to reflect enacted legislation.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Update
CPE credit: 4 credits
Developed by: Surgent
Nov. 1 | Open 8 a.m.
Program 8:30 a.m. – noon
Tax Planning for Small Businesses (TPSC)
Richard Lahijani, Sole Proprietor, JBL Consulting
Clients want help with present and future business services. Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients. We use case studies to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities as a result of the latest tax legislation (including the SECURE 2.0 Act) and IRS guidance.
Estate & Life Planning Issues for the Middle-Income Client (PMIC)
Dennis P. Riley, CPA, MBA, President, CuttingEdgeCPA.com LLC
Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all accounting and financial professionals who work with middle-income clients and are looking for ways to provide additional quality services. Continually updated with the latest guidance.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Beginning
CPE credit: 8 credits
Developed by: Surgent
Nov. 6-7 | Open 7:30 a.m.
Program 8 a.m. – 4 p.m.
Dec. 2-3 | Open 7:30 a.m.
Program 8 a.m. – 4 p.m.
Jan. 13-14, 2025 | Open 7:30 a.m.
Program 8 a.m. – 4 p.m.
Federal Tax Update With Ron Roberson (FTU), (FTU2) & (FTU3)
Ron N. Roberson, CPA, Partner, Benton Roberson CPAs
This course reviews all changes affecting for-profit taxpayers, combining the individual update with the business update without all of the planning and compliance discussion available in the more specialized updates. Updated throughout the year for up-to-the-minute rule changes and court cases, this course will keep you in the loop for the latest changes.
Handbook for Mastering Basis, Distributions & Loss Limitation Issues for S Corporations, LLCs & Partnerships (HMBI)
Inibehe Adesanya, FCA, FCIT, CPA, CGMA, MST, PhD, Owner, Global Tax Lady LLC
The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on the practical applications of these rules.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: Surgent
Nov. 12 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Courtyard by Marriott La Crosse
Downtown/Mississippi Riverfront, La Crosse
Nov. 25 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Radisson Hotel & Conference Center, Green Bay
Dec. 5 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
WICPA Professional Development Center, Waukesha
Annual Federal Tax Update (PTU)
William Taylor, CPA, President, Benefit Solutions LTD
Annual Federal Tax Update (PTU2) & (PTU3)
Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group PLLC
This comprehensive course covers all legislative, judicial and IRS developments of the past year with a focus on implementation and compliance. Discover how to effectively and confidently complete tax-planning and compliance engagements. Discover current developments affecting individuals (including income, deductions and losses, tax calculations, individual credits and filing matters), business entities (including S corporations and their shareholders, C corporations and partnerships), estates and trusts, retirement plans and more.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Update
CPE credit: 8 credits
Developed by: AICPA
Nov. 13 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
S Corporations: Key Issues, Compliance & Tax Strategies (SCF)
Bruce Nelson, CPA, MA, Director of SALT, EKS&H LLP
Clients and businesses often misunderstand the benefits and drawbacks of electing S corporation status and look to their advisors for help. This course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about the S corporation business model that may work best for them.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Beginning CPE credit: 8 credits
Developed by: AICPA
Nov. 14 | Open 12:30 p.m.
Program 1 – 4:30 p.m.
Employer’s Handbook: Health Care, Retirement & Fringe Benefit Tax Issues (HCR4)
John Lawrence, CPA
The employer-employee relationship strains both sides in uncertain times, and businesses need CPAs, controllers and other advisors to explain complex legal, tax and health care issues associated with all aspects of employment. This course provides in-depth coverage of this critical area. It will be updated throughout the year to cover breaking developments.
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: Surgent
Seminars l Taxation
Nov. 18 | Open 8 a.m.
Program 8:30 a.m. – noon
Individual Income & Tax Compliance Annual Update (CL4IIT)
Richard Lahijani, Sole Proprietor, JBL Consulting
This course covers all legislative, judicial and IRS developments of the past year with a focus on implementation and compliance. Discover how to effectively and confidently complete tax-planning and compliance engagements. Cover current developments affecting individuals, estates and trusts (including those regarding income, deductions and losses, tax calculations, individual credits and filing matters). Gift-tax matters are also covered.
Bruce Nelson, CPA, MA, Director of SALT, EKS&H LLP
Subchapter K, which covers partnership taxation, is extensive and always subtly changing. Course materials cover all the rules and regulations, including explanations of advanced concepts. Updated with the most recent legislation and IRS guidance affecting partnerships and LLCs, this course will guide you through the complicated world of advanced partnership and LLC tax law. Concepts covered include special allocations, liquidating and nonliquidating distributions, property-basis calculations under various scenarios, and sales of a partnership interest.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Advanced CPE credit: 8 credits
Developed by: AICPA
Nov. 21 | Open 8 a.m.
Program 8:30 a.m. – noon
Buying & Selling a Business: Tax & Structuring Overview (SEL4)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
One of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Nov. 21 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Social Security & Medicare: Planning for You & Your Clients (SSRB)
Dennis P. Riley, CPA, MBA, President, CuttingEdgeCPA.com LLC
Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other
retirement and estate-planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, as well as myriad other related retirement-planning issues.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Beginning CPE credit: 8 credits
Developed by: Surgent
Nov. 21 | Open 12:30 p.m. Program 1 – 3 p.m.
A Complete Tax Guide to Exit Planning (EXP2)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
When exit planning, it is important to weigh various issues, including tax implications, to achieve an effective management and/or ownership change. Many envision tax-free reorganizations being the most preferable structure to avoid capital gains tax, but the opportunities come at a cost to the seller. This course will provide a well-rounded discussion of the various strategies to consider when advising clients on exiting a business.
Level of knowledge: Intermediate CPE credit: 2 credits
Developed by: Surgent
Nov. 25 | Open 8 a.m.
Program 8:30 – 10:20 a.m.
Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships & LLCs (S754)
John M. Kilroy, CPA, CFP, Managing Partner, iValue Financial Planning LLC
Learn how to determine the amount of a Section 754 basis step-up, basis adjustment, election and how to report it to the IRS. We will also discuss the effect of the 754 election when an interest in a partnership is sold or inherited and how the 754 election applies when a partnership makes a distribution of property to one of more its partners.
Registration:
$99 member | $129 nonmember $89 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 2 credits
Developed by: Surgent
Nov. 26 | Open 12:30 p.m.
Program 1 – 4:30 p.m.
Surgent’s Individual Tax Planning Ideas (ITP4)
John M. Kilroy, CPA, CFP, Managing Partner, iValue Financial Planning LLC
This course presents the most important income tax-planning ideas wealthy clients and closely held business owners need to consider this year to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggest future opportunities for the individual client. Continuously updated for the latest legislation and IRS guidance.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Dec. 3 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Advanced Tax Planning: S Corporations (ATPSC)
Bruce Nelson, CPA, MA, Director of SALT, EKS&H LLP
Understand the intricacies of the everpopular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders. Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporation transactions. The uses of qualified subchapter S subsidiaries are also explored to help you minimize your client’s tax bill with winning strategies related to this type of entity.
Registration:
$379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Advanced CPE credit: 8 credits
Developed by: AICPA
Dec. 4 | Open 8 a.m.
Program 8:30 – 11:30 a.m.
Representing a Client in an IRS Audit (RCA3)
William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group P.C.
Recent legislation in Congress has provided the IRS with substantially increased funding to bolster its human staff and purchase software that will allow the IRS to audit many more taxpayers in a more effective way. The IRS believes it can target the right kinds of taxpayers for audits so that it will not waste its time on audits that produce little, if any, revenue. The purpose of
this program is to discuss the current state of IRS audits and the anticipated increases in the IRS’s ability to audit wealthier taxpayers in an efficient way. The course will discuss the state of the IRS’s current audits and where the IRS is headed with audits in the coming years. Tax practitioners should also be aware of the state of the IRS’s efforts to target efficiencies so as to produce the most revenue.
Level of knowledge: Beginning CPE credit: 3 credits
Developed by: Surgent
Dec. 6 | Open 8 a.m.
Program 8:30 a.m. – noon
Key Partnership & S Corporation TaxPlanning Strategies (BTS4)
John L. Evanich Jr., CPA, Self-Employed CPE Seminar Instructor
Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax-planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Seminars l Taxation
Dec. 6 | Open 8 a.m.
Program 8:30 a.m. – 4 p.m.
Annual Tax-Planning Guide for S Corporations, Partnerships & LLCs (TPGS)
Inibehe Adesanya, FCA, FCIT, CPA, CGMA, MST, PhD, Owner, Global Tax Lady LLC
As long as LLCs, partnerships and S corporations form the backbone of many CPAs’ practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating and liquidating S corporations, partnerships and LLCs. This course is essential for CPAs in public accounting and industry who advise these entities or their investors.
$50 early bird discount if registered & paid 30 days prior to program
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: Surgent
Dec. 6 | Open 12:30 p.m.
Program 1 – 4 p.m.
Tax Loss Limitations Imposed on Individuals & Pass-Through Entities (TLL3)
John L. Evanich Jr., CPA, Self-Employed CPE Seminar Instructor
This program covers the loss limitation rules that tax practitioners must know in order to advise their individual and pass-through entity clients fully and adequately as to when and if a loss limitation applies. The loss limitations discussed in this program start with an introductory discussion of hobby-loss rules and graduate to a more substantive discussion of the remaining loss limitations: basis limits, at-risk rules, passive-loss limits, excess business-loss limits, net operating losses, and the Section 163(j) interest limitation. Knowing when loss limits apply is essential for any tax
practitioner. This program will put you in a position to advise clients fully and intelligently regarding each of the loss limits.
Dennis P. Riley, CPA, MBA, President, CuttingEdgeCPA.com LLC
Multistate taxation has never been a more relevant topic. This course helps professionals skillfully navigate the maze of multistate corporate tax codes. Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities.
$50 early bird discount if registered & paid 30 days prior to program
$30 AICPA member discount
Level of knowledge: Intermediate CPE credit: 8 credits
Developed by: AICPA
Dec. 16 | Open 8 a.m.
Program 8:30 a.m. – noon
Pass-Through & Corporate Annual Tax Update (ATCP)
Richard Lahijani, Sole Proprietor, JBL Consulting
Corporations and pass-through entities are subject to new regulations and IRS pronouncements every year. This course provides an in-depth analysis of all the most salient pass-through and
C corporation matters that have come up in the past year. A perfect primer for the tax season, this course is designed to help tax professionals effectively communicate tax changes and planning opportunities with clients.
Surgent’s S Corporation, Partnership & LLC Tax Update (BCP4)
John Lawrence, CPA
If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative taxplanning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs and LLPs. Continually updated to reflect enacted legislation.
Reviewing Individual Tax Returns: What Are You Missing? (CL4ITRM)
James J. DiGesu, CPA, PFS, MBA, Senior Wealth Advisor, Belpointe Asset Management
The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. Join us as we discuss the common errors
practitioners make on individual tax returns that are often missed by review staff. Sharpen your reviewing skills by examining case studies discussing issues for which additional information from the client may be warranted and areas of tax law that require additional analysis and information.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Dec. 17 | Open 12:30 p.m. Program 1 – 4:30 p.m.
IRS Tax Examinations & Hot Issues (EXI4)
John Lawrence, CPA
As a result of issue-focused examinations, accounting and finance professionals must understand what the high-auditrisk issues are and what the IRS is focusing on when a return is examined. This course will help participants understand the IRS process for selecting returns to examine, the types of returns the IRS audits, and the issues they are focusing on.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
Dec. 18 | Open 8 a.m. Program 8:30 a.m. – noon
Reviewing Partnership Tax Returns: What Are You Missing? (CL4PTRM)
Gregory Carnes, CPA, PhD, Accounting Professor, University of North Alabama
Join us as we discuss the common errors practitioners make on partnership tax returns that are often missed. The intent is to sharpen skills for reviewers by examining case studies and discussing
issues in which additional information from the client may be warranted and areas of tax law in which proper treatment requires additional analysis and information. Multiple issues will be discussed, including income; deductions; and K-1, K-2 and K-3 reporting. This course follows a highly illustrative casestudy format to increase participant comprehension and retention.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Dec. 18 | Open 12:30 p.m. Program 1 – 4:30 p.m.
Reviewing S Corporation Tax Returns: What Are You Missing? (CL4STRM)
Gregory Carnes, CPA, PhD, Accounting Professor, University of North Alabama
The complexity of S corporation tax law creates a formidable challenge to the tax practitioner for accurate compliance and reporting of their clients’ S corporation activities. Join us as we discuss the common errors practitioners make on S corporation tax returns that are often missed. The intent is to sharpen skills for reviewers by examining case studies and discussing issues in which additional information from the client may be warranted and areas of tax law in which proper treatment requires additional analysis and information. Multiple issues will be discussed, including income; deductions; and K-1, K-2 and K-3 reporting.
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: AICPA
Dec. 19 | Open 9:30 a.m.
Program 10 – 11:20 a.m.
Reviewing Individual Tax Returns (CL2RIR)
James Di Gesu, CPA, PFS, Series 63, 65, Senior Wealth Advisor, Belpointe Wealth Management
The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. Join us as we discuss the common mistakes practitioners make when preparing individual tax returns that are often missed by review staff. Refresh and hone your skills with interactive case studies that examine individual tax returns. Learn about issues that may warrant additional client information and about areas of tax law that require deeper analysis. This course follows a highly illustrative case-study format to increase participant comprehension and retention.
Level of knowledge: Intermediate CPE credit: 2 credits
Developed by: AICPA
Dec. 19 | Open noon
Program 12:30 – 4 p.m.
Estate & Trust Primer (ETP)
James Di Gesu, CPA, PFS, Series 63, 65, Senior Wealth Advisor, Belpointe Wealth Management
Protect your clients’ assets and shield their estates from increased taxation brought about by the changing tax code. This course will help you understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare
federal Form 1041 and the accompanying schedules.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/ leave-of-absence
Level of knowledge: Beginning CPE credit: 4 credits
Developed by: AICPA
Jan. 8, 2025 | Open 8 a.m.
Program 8:30 a.m. – 4:30 p.m.
Getting Ready for Busy Season: Key Changes Every Tax Practitioner Should Know (NFF4)
John L. Evanich Jr., CPA, Self-Employed CPE Seminar Instructor
Getting ready for busy season involves not only knowing what’s new for the current year but also understanding how the changing limits, phaseouts and other rules apply to currentyear returns. This course will provide essential tax information garnered from major legislation enacted over the last few years. You’ll receive an up-to-date review of important tax form changes, new tax forms, new limitations, key developments as they are reflected in the IRS forms, and IRS filing issues and deadlines that will be invaluable to tax preparers.
Registration:
$189 member | $239 nonmember $159 retired, part-time, unemployed/
leave-of-absence
Level of knowledge: Intermediate CPE credit: 4 credits
Developed by: Surgent
WICPA CPE Livestream
attend WICPA conferences, breakfast programs and seminars from
• Counts toward formal CPE requirement
• Automatically added to your WICPA CPE Tracker
• Presentations and course materials included
• Special discounts for WICPA members
CPE Requirements
What are the membership CPE requirements?
a) A minimum of 20 CPE credits annually
CPE REQUIREMENTS
b) 80 CPE credits, including 3 ethics credits during each 2-year reporting period and not less than 40 CPE credits from formal learning activities
What is the current CPE compliance period?
Jan. 1, 2024 – Dec. 31, 2025
What is the ethics requirement?
A minimum of 3 ethics credits must be completed during each 2-year compliance period. Ethics credits must be obtained through a formal CPE activity that includes verification of participation.
What counts as “ethics” to meet the requirement?
The type of information that may be covered in a formal creditable ethics presentation may include a broad spectrum of ethics concepts that include but are not limited to Wisconsin CPA regulatory ethics, AICPA professional ethics standards, other regulatory ethics concepts such as tax or securities ethical requirements, and situational or behavioral ethics relating to business decisions and communications that are not the subject of regulations or professional standards.
I joined in the middle of the year, do I still need to complete the full CPE requirement?
New members who join in the first year of the compliance period are reduced by one-half of the total credits for the compliance period. However,
members must complete a minimum of 40 credits the following year (the second year of the compliance period), including 3 ethics credits.
New members who join in the second year of the compliance period are exempt from the total credit requirement for the compliance period.
Do I need to comply with the membership CPE requirement if I am a student, employed part-time, unemployed or retired?
Students do not need to comply with the membership CPE requirement until they move to Affiliate or CPA status. Part-time and unemployed members are required to meet the membership CPE requirement.
Retired members (working less than 1,000 hours per year) who are no longer active licensed CPAs are not required to meet the membership CPE requirement.
Is CPE required to renew a Wisconsin CPA license with the Department of Safety and Professional Services (DSPS)?
Yes. Beginning with December 2021 license renewal, all active licensed CPAs and those who practice as a CPA must complete CPE requirements to renew their license.
Are the WICPA membership CPE requirements the same as DSPS?
Yes, WICPA CPE requirements are the same as those of DSPS; however, CPA license renewal is through Dec. 14 of the second year of the reporting period. In addition, WICPA membership CPE requirements apply to all CPA certificate holders (licensed or inactive) and Affiliate members.
What if I’m a CPA and don’t renew my CPA license with DSPS?
WICPA membership requires continuing education for each compliance period, regardless of whether a CPA license has or has not been renewed. All CPA certificate holders are required to complete the membership requirements for continuing education.
Can I still use “CPA” if I don’t renew my license?
If you do not renew your CPA license with DSPS, you must identify yourself as “CPA inactive certificate holder.”
What learning activities count toward CPE?
Acceptable formats for formal and informal learning activities include all the following:
• Attending, listening to or presenting in-person and online lectures
• Participating in online webinars and webcasts
• Completing self-study courses developed by a vendor
• Researching a course
• Performing independent research
• Listening to podcasts
• Watching videos
• Reading books and articles
• Attending meetings, serving on boards, committees and task forces
• Engaging in learning activities that enhance professional growth and competence
CPE Requirements
Are CPE activities or providers required to be approved or accredited?
No, neither CPE activities nor providers are required to be approved or accredited by the WICPA or any other organization.
What are the requirements for formal learning activities?
A formal learning activity must meet all the following requirements:
a) Participation can be objectively confirmed by a program sponsor.
b) Materials describing the activity specify the subject matter, prerequisites, advance preparation, format and number of credits awarded.
c) The program sponsor or presenter has the education and experience appropriate for the activity to enhance the competency of participants.
What are the requirements for informal learning activities?
Informal learning activities must document the following:
a) The format of the activity
b) The date(s) on which the learning activity was performed and completed
c) The subject matter of the activity
d) The number of CPE credits claimed for participating in the activity
e) The materials prepared or used by the participant in conjunction with the activity which may include any of the following:
• The title and author of a book that was read
• A copy of an article that was read, or the title of the article and the name of the publication in which the article appeared
• Minutes from a meeting attended
• A program outline or handouts from an activity attended
• A link to reading, video, audio or any other online learning materials or activities performed or completed
Can I meet my CPE requirement with 100% formal or 100% informal credits?
At least half of required CPE credits must be completed through formal CPE activities. All credits can be acquired through formal learning if desired.
Ethics credits must be obtained through a formal CPE activity that includes verification of participation.
How
do I calculate CPE credits?
Many formal CPE activities already have a pre-determined number of credits where no additional calculation is needed. Time-based CPE activities must be recorded using a minimum of 5-minute increments; 50 minutes is equivalent to 1 CPE credit.
However, in situations such as attending a college course or program not assigned with a CPE credit value, the following formulas can be used to calculate the number of CPE credits:
• 1 credit semester course = 15 CPE credits
• 1 credit quarter course = 10 CPE credits
• 1 Continuing Education Unit (CEU) = 10 CPE credits
Note: Time for studying or taking an exam does not count toward CPE credits.
Additionally, the number of CPE credits that may be claimed by an instructor, discussion leader or speaker for preparation and presentation of a CPA learning activity may not exceed three times the number of credits awarded to individuals attending or participating in the activity. For repeat presentations, CPE credit can be claimed only if it can be demonstrated that the learning activity content was substantially
changed and that such change required significant additional study or research.
How do I calculate CPE credits for informal activities?
For informal learning activities, rather than developing granular rules specifying CPE computation formulas to estimate competency enhancement achieved from every type of learning activity, the WICPA Board decided to adopt a principles-based approach requiring each member to apply professional judgment in computing CPE credits for learning activities.
What are the recordkeeping and reporting requirements?
Each member must keep records of their CPE credits earned. Members should maintain detailed supporting records for a period of 5 years following the completion of the learning activity for all CPE credits completed.
Ultimately, the CPE credit claimed is the responsibility of the individual member. Each member may claim credit only for the learning activities he or she fully completed that increased his or her professional competence.
How should members report their CPE credits?
By paying dues, members are verifying that:
a) CPE requirements have been met.
b) Records and documents have been maintained that support the CPE compliance.
c) Records and documents may be audited.
d) Misrepresenting CPE compliance may result in publication of noncompliance and misrepresentation, as well as classification as a member not in good standing. It may also result in termination of WICPA membership as well as reporting
of misrepresentation to licensing authorities as an “act discreditable to the profession,” which could result in revocation of CPA certificate and license.
Members are encouraged to use the WICPA’s CPE Tracker to record both formal and informal CPE activities since this will simplify the process of recording. Additionally, formal learning activities held by the WICPA will be automatically added and certain qualifying informal (e.g., committee attendance and board service) activities will automatically be added.
Can I carry-forward CPE credits?
A maximum of 40 CPE credits that exceed the minimum number of credits required to satisfy the requirement in the earlier compliance period may be carried forward from one compliance period to the next consecutive compliance period. The carry-forward credits can consist of any combination of formal or informal credits.
Up to 3 ethics credits that exceeded the earlier compliance period ethics requirement may be carried forward to satisfy the compliance period to which they are carried over.
Can I carry-back CPE credits?
Credits earned during the first 12 months of a compliance period can be carried back to the immediately preceding compliance period to the extent necessary to satisfy the CPE requirements for such preceding period, provided the carry-back credits are not used to satisfy CPE for more than one compliance period.
Can CPE credits carried forward to the next consecutive compliance period or CPE credits earned during the first 12 months of a compliance period carried back to the immediately preceding compliance period be
used to satisfy the CPE requirements for either 12-month period of that compliance period?
Yes. CPE credits that are carried forward or carried back may be used to satisfy the CPE requirement for either 12-month period of the compliance period to which the carry-back or carry-forward occurs, provided the same credits are not used to satisfy the requirements of both 12-month periods.
Can I request a waiver for my CPE requirements?
Non-CPA and nonlicensed CPA members may request a waiver from the WICPA if they have been prohibited from fulfilling the CPE requirements. Requests must be submitted in writing to the CEO of the WICPA and will be reviewed on a case-by-case basis. The WICPA CEO may waive all or a portion of the CPE credits required if exceptional circumstances have prevented meeting the requirements. All licensed CPA members must request a waiver from DSPS and provide documentation of the waiver determination to the WICPA in order for the WICPA to also waive CPE credits.
What are acceptable reasons to request a waiver?
Foreign residency
The request should include the country of residence, the name of the employer, the member’s principal duties and responsibilities and the reasons foreign residency prohibited fulfilling the CPE requirement.
Health
The request should include the nature of the illness or disability and the reason the illness or disability prohibited fulfilling the CPE requirement.
Military service
The request should include the principal duties performed, where the
member was stationed and the reason military service prohibited fulfilling the CPE requirement.
Other similar reasons
The request should include the nature of the hardship and the reason it prohibited fulfilling the CPE requirement.
How does this compare to the AICPA and other licensing jurisdictions requirements for CPE?
The updated WICPA membership CPE requirements described above are not the same as AICPA membership CPE requirements, Yellow Book CPE requirements, Peer Review CPE requirements, or the CPE requirements of CPA licensing jurisdictions outside Wisconsin that continue to apply the 1970s learning models that generally require 50-minute CPE time increments as well as lecture-based formal learning activities.
In addition, each of the 55 U.S. CPA licensing jurisdictions has its own unique CPE requirements. The only similarity among the jurisdictions is that they all reference the general CPE requirement of 40 CPE credits per year (although reporting periods vary from one to three years), and 1 CPE credit earned for 50 minutes for timebased learning activities. In addition, CPAs performing attest services or government audits may be subject to separate Peer Review or Yellow Book CPE requirements.
Is the WICPA a registered sponsor with the IRS to receive credit related to PTIN (enrolled agent)?
No, the WICPA is not an approved sponsor for CPE for enrolled agents.
The CPE Tracker is an easyto-use tool created to keep track of all your CPE in one convenient location.
• Ceiling-mounted projector and retractable screens with multiple A/V connections
• Blu-ray/DVD player
• Large whiteboards
• Electrical outlets in each table
• Private entrance and registration area
• Catering and refreshment area
For more information, visit wicpa.org/MeetingSpaces, or to schedule a tour or reserve space, contact Rachella Fortier at rachella@wicpa.org or 262-785-0445 ext. 4505.
