October 2014 The Bottom Line by WICPA

THE

Bottom Line October 2014

The continuing professional education magazine for Wisconsin CPAs

Explore financial reporting frameworks for small and medium-sized entities

Avoid 5 common HR mistakes

Discover new repair & maintenance regulations

Learn Excel tips & tricks

CPE programs

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Do you or your clients have

questions on retirement plan fees, features, or performance

Plan features have changed dramatically over the last few years and fees have come down notably. “Benchmark” your or your client’s plan today and make sure it’s up-to-date and cost effective. Benchmarking review includes: • Plan features (i.e. Roth 401(k), automatic enrollment, advanced plan design, etc.)

• Fee review – are they reasonable compared to similar plans • Investment performance review considering risk & return • Is the right type of plan in place (i.e. SEP, SIMPLE, 401(k), cash balance plan, etc.) • We can also help if you need to start a new retirement plan

There are no costs or obligations for these review services — CALL US TODAY! Kenneth J. Schneider, MBA Managing Director - Investments 20800 Swenson Drive, Suite 200 Waukesha, WI 53186 262-798-3730 • 800-323-1410 kenneth.schneider@wfadvisors.com

James K. Schneider, CFP® Associate V.P. - Investment Officer WICPA member 20800 Swenson Drive, #200 Waukesha, WI 53186 262-798-3759 • 800-323-1410 james.schneider@wfadvisors.com

Wells Fargo Advisors, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.

Recognizing and avoiding 5 common HR mistakes

Contents Features CPE 3 | Accounting & Auditing

Explore the new reporting option: Financial Reporting Framework for Small and Medium-Sized Entities By Karen K. Kerber, CPA, CITP, CGMA

8 | Human resources

Recognizing and avoiding 5 common HR mistakes By Mitchell W. Quick

12 | Tax

Final repair and maintenance regulations: Discover new rules, new opportunities By Edward K. Zollars, CPA

CPE CALENDAR 20

CPE ONLINE 36

CONFERENCES 24

SEMINARS 38

REGISTRATION 25 Register at www.wicpa.org/register

CPE FAQs inside cover

BREAKFAST PROGRAMS & TGIF FOR CPAS 26

16 | Technology

Excel: Learning more than the keystrokes By Bryan L. Smith, CPA, CITP, CISA

A publication of the Wisconsin Institute of CPAs

OCTOBER 2014 | www.wicpa.org

INSIDE STAFF

The continuing education magazine for Wisconsin CPAs

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The Bottom Line is published semi-annually by the Wisconsin Institute of Certified Public Accountants (WICPA). Change of address should be sent to: Membership, W233N2080 Ridgeview Parkway, Suite 201, Waukesha, WI 53188; Phone: 262-785-0445 or 800-772-6939 (WI/MN); Fax: 262-785-0838; email: jessica@wicpa.org. Statements and opinions expressed are those of the authors and not necessarily those of the WICPA. Publication of an advertisement does not constitute an endorsement of the product or service by The Bottom Line or the WICPA. Articles may be reproduced with permission. © Copyright 2014 The Bottom Line.

Amy Gaeth Vice President Communications Editor, The Bottom Line Ext. 4515 amy@wicpa.org Barb Gamez Vice President Membership & Marketing Ext. 4509 barb@wicpa.org Tammy Hofstede Chief Financial & Operating Officer Ext. 4518 tammy@wicpa.org

Ellen Engel Advertising Manager Ext. 4513 ellen@wicpa.org Mark Gordon CPE Program & Event Administrator Ext. 4505 mark@wicpa.org Tony Hofstede CPE Marketing & Communications Manager Ext. 4508 tony@wicpa.org

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[accounting & auditing] FRF for SMEs

Explore the new reporting option: Financial Reporting Framework for Small and Medium-Sized Entities

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BY KAREN K. KERBER, CPA, CITP, CGMA

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information. If that is the case, and the businesses and users of their financial information are looking for comprehensive and consistent financial statements, it is worth exploring the Financial Reporting Framework for Small and MediumSized Entities (FRF for SMEs) accounting option.

Who qualifies?

While there is no standard definition of an SME, the term is widely recognized and encompasses an estimated 20 million U.S. businesses, which are vital to the economy and active in

all industries. The AICPA purposely did not quantify size criteria for SMEs with respect to application of the FRF. The following list, which is not all-inclusive, highlights some SME characteristics: • The entities have no regulatory reporting requirements for GAAPbased financial statements. • The entities may be ownermanaged or closely held, where controlling ownership interest and management are essentially the same. • Users of the financial statements have direct access to management.

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mall business owners and users of their financial statements, such as lenders, have long expressed the need for a reporting framework that provides robust financial reports, but without needless complexity. It’s finally here. The American Institute of Certified Public Accountants (AICPA) developed and released the Financial Reporting Framework (FRF) for Small and MediumSized Entities (SMEs) a little more than a year ago. This framework represents another chapter in the evolution of accounting in the U.S. There is no mandatory accounting standard for private businesses in the U.S. Although Generally Accepted Accounting Principles (GAAP) is required for publicly traded businesses, it is used by many companies to standardize their financial statements. While GAAP-based financial statements are useful to stockholders and securities analysts covering large public companies, such statements can be difficult to understand and costly to maintain for small to mid sized businesses. Many privately held businesses in the U.S. do not need GAAPbased financial statements. In fact, many are currently using a special purpose framework, such as the income tax or cash bases of accounting, for their financial reporting. In many cases, reporting on theses bases may not be fully meeting the needs of the business or the users of the

Is your curiosity piqued? A FRF for SMEs checklist Here’s a checklist of “good fit” criteria to get you a little further along:

x You operate only in the U.S. x You aren’t required to

follow Generally Accepted Accounting Principles (GAAP).

x You’re a privately held

business “in which the people who own a controlling ownership interest in the entity are substantially the same set of people who run the company.”

x You don’t intend to go public. x You don’t work on federal,

state or municipal projects.

x You don’t “engage in overly • Creditors, and particularly banks, do not base credit or lending decisions solely on financial statements, but consider collateral or other evaluation mechanisms. • The entities are for-profit with no intention of going public, are not in an industry with highly specialized accounting guidance, and do not engage in overly complicated financial transactions.

Key features and benefits

Compared to the thousands of

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pages in the GAAP Accounting Standards Codification issued by the Financial Accounting Standards Board (FASB), the FRF is only slightly more than 200 pages. In short, simplification is the name of the game. The newly released FRF for SMEs is a great choice for owner-managers who need financial statements that reliably report what they own, what they owe and cash flows. The FRF for SMEs is simple yet grounded on solid principles; consistent yet flexible; and is not unnecessarily

complicated transactions.”

x Your financial statements are primarily used to determine business performance, assets, liabilities and cash flow, and this information is the main concern of the owners and managers who typically review these statements.

x Your bankers use collateral,

not just your financial statements, to evaluate your loan applications.

If you’re able to check all these boxes, learn more and consider a change to FRF for SMEs.

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complex yet provides financial statement users with the information they truly need. For example, the framework: • Is based on a blend of traditional accounting and accrual-based income tax methods, making it more robust than the cash basis or tax basis. • Uses historical cost as its measurement basis and steers away from complicated fair value measurements. • Reduces book-to-tax differences, which means greater matching between the company’s books and their income tax return. • Includes only relevant disclosure requirements. • Allows a degree of “optionality” enabling small businesses to tailor

the financial statements to focus on the specific information that matters most. The result is a comprehensive, yet concise, financial picture of what the business owes and owns, focusing on cash flows and information about related entities. Lenders and other users get the information they need to make a credit or business decision while the company potentially saves time and money.

An ideal option

When GAAP is not required and when the cash or tax basis is not sufficient, the FRF for SMEs can be an ideal option for ownermanagers and lenders who need

financial statements that focus on cash flow and contain only relevant disclosures and financial metrics. To help you learn more, the AICPA has developed extensive resources that explain the framework, as well as tools to help you decide if FRF for SMEs is the right fit. There are three toolkits available at www.aicpa.org/FRF-SMEs — one for CPAs, one for users and one for small businesses. So whether you are a CPA in public accounting or private industry, review these tools and consider using FRF for SMEs for your financial reporting. Karen K. Kerber, CPA CITP, CGMA is a partner at KerberRose, SC in Shawano. Contact her at 715-526-9400 or Karen.Kerber @kerberrose.com.

The missing piece of your marketing puzzle.

WICPA Sponsorships www.wicpa.org/sponsor 6 The Bottom Line | O c t o b e r 2 0 1 4

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Whether you’re looking for a new career or a new employee, the WICPA’s enhanced Career Center can help you make the most of your search.

You’ll find: • • • •

Modern layout. Better organized content. Easy access to find or post jobs. Optimal mobile viewing experience.

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at the NEW WICPA CAREER CENTER

FIND A JOB POST A JOB

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[human resources] HR mistakes

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Recognizing and avoiding

5 common

HR mistakes By Mitchell W. Quick, Esq. The numbers are staggering. In 2013, individuals filed more than 93,000 employment discrimination charges with the Equal Employment Opportunity Commission (EEOC). The EEOC collected $372 million in damages from employers during that time. Similarly, thousands of minimum wage and overtime claims were brought against companies under the Fair Labor Standards Act, and the Department of Labor collected $250 million in back pay damages in 2013. Moreover, approximately 20 percent of the lawsuits filed in federal court in 2013 stemmed from an employment dispute. It seems like litigation roulette. You never know when your companyâ&#x20AC;&#x2122;s time is up, but if you keep playing the game, i.e., running your business, eventually you will get sued.

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Given this, companies should take steps to reduce the risk of becoming the next defendant, and put themselves in a solid defensive position. One way to do so is to avoid making one of these five common human resources mistakes:

Mistake No. 1:

Failing to properly screen applicants. Remember the old principle: Garbage in, garbage out. Hire a loser and all you get is a loser employee you can’t get rid of fast enough. How about avoiding that hassle? Start with a laser-like focus on the employment application. Has the applicant never held a job longer than three months? If so, why do you think he would last any longer at your place? Has the applicant conveniently failed to answer the “reason for leaving” question after a former employer’s name? This silence should speak volumes. Worse yet, does it say something disturbing like “dispute with supervisor?” And how did the applicant answer the “conviction record” question? These answers and/or omissions all need to be addressed with the applicant. Trust but verify with reference checks. A recent survey of hiring managers revealed that 60 percent found false information on applicants’ job applications and/or resumes. Finally, never hire someone based solely on the recommendation of a friend or co-worker.

Mistake No. 2:

Failing to terminate a poorly performing employee. Not all hires turn out well. Some employees are simply poor performers. However, why are they still employed by your company? Are you running a business or a charity? Managers should give employees clear performance expectations. If an employee fails to meet them, he or she should receive progressive discipline. If the employee still does not improve his or her performance, the company should terminate employment. Consider the alternative: lowered workforce morale and a less profitable company bottom line. Retaining a poor performing employee can also

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result in a good deed getting punished. If you terminate someone else for the same poor level of performance, and the terminated employee falls into a different “protected classification,” you will be sued for discrimination. Like bad wine, life is too short to work with bad employees. If you have the opportunity to terminate one, take it.

Mistake No. 3:

Failing to recognize threat levels. You need to be able to recognize potential legal risks and plan accordingly. Does the employee you intend to terminate fall into one or more protected classifications, i.e., race, over 40, disabled, etc.? Has the employee mentioned an “L word”: lawyer or lawsuit? Has the employee referenced the EEOC or discrimination? Has the employee cited chapter and verse of the requirements of a particular statute? Has the employee requested a copy of his or her personnel file? Is the employee trying to tape-record conversations? If any of these have occurred, you are approaching litigation threat level “DEFCON 1.” To reduce the threat, you should have all of the facts, have reviewed the employee’s prior disciplinary record, have looked at your disciplinary practice in comparable situations and have adequate documentation. Also, have a legitimate business reason for the employment decision.

Mistake No. 4:

Failing to preserve key evidence.

As the previous statistics demonstrate, even though you’ve terminated the employee, you may still hear from him or her again in litigation. Consequently, take steps to preserve crucial evidence. To the extent

possible, save all employee voicemails that involve statements of: 1) quitting; 2) insubordination; 3) threats of violence; 4) profanity; and 5) excuses for absences unrelated to any disability (if you terminated the employee for absenteeism). Similarly, print and save screen shots of employee’s texts and social media postings, particularly if the contents reveal employee misconduct. Finally, always keep a signed and dated copy of the termination letter, and save the employee’s personnel file for at least three years.

Mistake No. 5:

Failing to keep quiet.

When it comes to discussing employment terminations, the less said the better. Never talk with a lawyer representing an employee. Generally, anything you say is evidence that will be used against you. For the same reason, don’t talk to an employee’s family member about the situation. He or she is not the employee. Don’t talk with anyone from a government agency unless your lawyer is present. Don’t tell individuals who do not have a “need to know” why an employee was terminated. If you can’t later prove the reason(s) for the termination, you may face a defamation claim. Finally, be careful what you write in emails. Don’t: 1) refer to an employee’s protected characteristics, such as race, age, gender, sexual orientation, religion, disability, etc.; 2) refer to an employee’s threat of a lawsuit; or 3) call the employee derogatory names, including “troublemaker.” Emails can and will be discovered in the course of litigation and can be highly damaging to your case. Mitchell W. Quick is a management side labor and employment law attorney at Michael Best & Friedrich LLP in Milwaukee. He is also the author of the HR Genius Bar Blog at mitchquick.wordpress.com. Contact him at 414-225-2755 or mwquick@michaelbest.com. Follow him on Twitter @HRGeniusBar.

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[tax] new repair rules

ew regulations for repairs, effective for years beginning on or after Jan. 1, 2014, outline rules for determining whether an expenditure was a repair that could be currently expensed, or a capitalized improvement that must be depreciated for tax purposes.

Materials and supplies

[Reg. §1.162-3] The regulations clarify the nature of materials and supplies. Generally such items that are “nonincidental” must be deducted against income in the year in which they are used or consumed. If the materials and supplies are “incidental,” they can be expensed in the year in which they are acquired if a) no record of consumption is kept by the taxpayer and, b) income continues to be clearly reflected even with such immediate expensing. [Reg. §1.162-3(a)]

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The regulation contains a general definition of a material and/or supply item, including a general rule that items costing less than $200 are deemed materials and supplies. One de minimis expensing rule can be applied by a taxpayer who meets all of the following criteria [Reg. §1.263(a)-1T]: • A financial statement filed with the SEC, audited by an independent CPA or filed with someone other than the Internal Revenue Service (IRS) or U.S. Securities and Exchange Commission (SEC) for a nontax reason. • The taxpayer had written accounting procedures in place at the beginning of the taxable year treating amounts below a certain figure as an expense for nontax purposes that it follows for the above financial statements.

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“

The regulation contains a general definition of a material and/or supply item, including a general rule that items costing less than $200 are deemed materials and supplies.

• Items falling into this category have an invoice price of no more than $5,000. A second rule can be used by taxpayers without one of the specified financial statements. Such taxpayers must have procedures in place that ensure consistent policies are followed regarding the capitalization policy that are used in the taxpayer’s books and records. In this case, the invoice price is limited to no more than $500.

Capital expenditures: General rules [Reg. §1.263(a)-1] The regulation provides the general rule for capitalization in Reg. §1.263(a)-1 (a), noting that except as otherwise provided for in Title 1 of the Internal Revenue Code (IRC) no deduction will be allowed for: • Any amount paid for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. • Any amount paid in restoring property or in making good the

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exhaustion thereof for which an allowance is or has been made.

Amounts paid to produce tangible property [Reg. §1.263-2] A taxpayer must capitalize amounts paid to “acquire or produce a unit of real or personal property” under this provision. The amount to be capitalized includes the invoice price, amounts paid to facilitate the acquisition or production of the property and costs for work performed prior to the date the unit of property is placed in service (even if such work would have been treated as a repair had the property been in service, per the preamble the regulations). Amounts paid to defend or perfect title to real or personal property are considered a cost of acquisition and must also be capitalized. [Reg. §1.263(a)-2(e)(1)]

Amounts to improve tangible property [REG. §1.263(a)-3T] Generally a taxpayer must capitalize expenses paid to improve

”

a unit of property owned by the taxpayer. [Reg. §1.263(a)‑3(d)] A unit of property is defined in Reg. §1.263(a)‑3(e). For a building, an amount is to be treated as an improvement if the amount paid results to an improvement either to the building itself or any structural component. For property other than a building, generally, subject to the specified exceptions in the regulation, all the components that are functionally interdependent constitute a single unit of property. Special unit of property rules apply to “plant property” (those in a manufacturing assembly line) or network property (like utility grids and the like). Generally a taxpayer must capitalize all direct costs of an improvement and indirect costs that directly benefit or are incurred by reason of an improvement, using the uniform capitalization rules of §263A. Several special rules allowing for immediate write-off exist that must be considered, including routine maintenance (with different rules for buildings and property other than a building), a special small building/ small taxpayer de minimis rule for real estate.

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Expenditures to restore a unit of property must be capitalized. As with betterments, with restorations of buildings, the rules are applied to either the building structure or any of the enumerated building systems, with a restoration of either having to be capitalized. Adapting a property to a new or different use involves an adaption that “is not consistent with the taxpayer’s intended ordinary use of the unit of property at the time originally placed in service by the taxpayer.” Again for buildings this test is applied to the building structure and any of the building systems separately. [Reg. §1.263(a)‑3(j)]

Accounting method change The IRS requires that these methods be applied to all property,

h now in HD

including that owned before 2014. Thus, an accounting method change and computation of a §481(a) adjustment (representing amounts that would have been capitalized in the past had these rules applied) must be computed and Forms 3115 filed. Revenue Procedures 2014-16 and 2014-17 provide automatic method change provisions to implement these rules. The IRS specifically rejected a view that these rules should only apply to property acquired after the rules took effect. Automatic accounting method changes are requested at the time the tax return is filed by completing Form 3115 in duplicate. One copy is sent to the designated IRS office (in this case Ogden, Utah) and the second copy is attached to the tax

return for the year in question. Any necessary cumulative adjustment will be recovered under the standard rules found in IRC §481(a) — normally ratably more than four years (beginning with the year of change) if the change is an addition to income and in the year of change if the change results in a decrease in cumulative income. Edward K. Zollars, CPA is a tax partner at Thomas & Zollars, Ltd. in Phoenix, Ariz. He also speaks regularly on both tax and technology topics for Nichols Patrick CPE, presenting at conferences sponsored by the AICPA and state CPA societies. Contact Edward at 602-955-8530 or ed@thomaszollars.com.

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[technology] tips & tricks

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By Bryan L. Smith, CPA, CITP, CISA

Introduction

have provided spreadsheet training for almost 30 years, and what amazes me is the fact that users do not apply any real “design” to their spreadsheets. Instead, they simply click on features or functions to accomplish a task. The task could be as simple as summing up rows and columns. They go to the totals area and press the AutoSum, then highlight the range. Simple enough. But is it? What if they highlight the wrong data? What if they don’t highlight all the data? What if they add more data? What if they accidently delete data in a cell? These and many more things can go wrong with a spreadsheet because it’s what we consider an open format. Anyone with access to the file can make changes. The open format, and the fact that Excel has become the No. 1 reporting tool for most organizations, has led many to claim that Excel is the No. 1 audit risk.

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Like any risk, we must first acknowledge that the

control was to add up the numbers but we no longer

risk exists. Then, we must create mitigating controls to

do this, what is our current mitigating control? Do we

reduce that risk. The beauty of Excel is that it contains

have one? Do we need one? The solution is to design

many tools to allow users to implement mitigating

mitigating controls within spreadsheets.

controls to reduce the risk of errors in spreadsheets. However, there’s no silver bullet or feature that I can tell you to click on to eliminate spreadsheet errors. You must design spreadsheets so they include mitigating controls — features like Defined Names, Excel Tables,

An example might help. Figure 1 shows a simple spreadsheet with four columns and four rows of data. All looks well, as I have created a calculation for the total, and you can see it adds up all the numbers in column F.

Auditing Tools, footings, proofs, error checking, precision, Data Validation, security and many more. I say design because it’s not as simple as pressing a button or typing in a formula. It takes some thought, usually before we even enter data in the spreadsheet. When I started in the accounting profession, we did not have electronic spreadsheets; we had column paper — pads and pads of it, two-column, four-column and 16-column. We would handwrite each number in a little square in the appropriate column. Then, we would use a 10-key calculator to add up the numbers and write the total in the appropriate box. When it was time to review someone’s column workpaper, the reviewer would

Figure 1 Now, what you don’t see is that the total for the Southeast Sales Group only sums Quarter 1 to Quarter 3, which means the total for the Total column is incorrect (a common error).

get out his or her calculator and add up the numbers to make sure totals were correct. This was tedious, so oftentimes we would attach a calculator tape to the work paper so the reviewer could verify that we added up the correct numbers. Why did we go through such lengths? A mitigating control. There was a risk that someone entered the wrong number when they added it up, which would cause the total to be incorrect. Take this concept to an Excel spreadsheet. How many people use a calculator to add up the numbers on a spreadsheet? Not many. The reason? In theory, as long as you select the correct numbers, Excel accurately calculates. However, this theory is flawed due to the reason previously discussed. If our previous mitigating

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Figure 2 In the column paper days, we would probably foot these totals and find the error but in the electronic days, most people don’t go through the trouble. If we properly designed our spreadsheet, we would provide a proof to sum the Row totals and compare them to the Column totals.

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learn better spreadsheet design, this course focuses on developing the attendees’ skills related to designing spreadsheets more efficiently and with greater accuracy. We will concentrate on features and functions that all CPAs should know and implement in his or her spreadsheets. I hope to see you there.

Figure 3 This is just one example of thousands, where errors are built into a spreadsheet. Unfortunately, it’s impossible to write a 1,000-word article detailing all the techniques to design mitigating controls within an Excel spreadsheet. But, there is hope. The WICPA has invited me to present “Excel Bootcamp: Everything You Need to Know to Build Great Spreadsheets” on Dec. 19 at the WICPA Training Center in Waukesha. We will explore various techniques to design spreadsheets that ensure accuracy. Whether you’re a veteran spreadsheet developer or just want to

Bryan L. Smith, CPA, CITP, CISA is co-owner of CPA Crossings LLC in Rochester, Mich. Contact Bryan at 248-613-1818 or bsmith@cpacrossings.com.

{

Bryan L. Smith, CPA, CITP, CISA

will present “Excel Bootcamp: Everything You Need to Know to Build Great Spreadsheets” on Dec. 19 at the WICPA Training Center, in Waukesha See page 55 for full details

{

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[

seminars | calendar ]

OCT

Date

Title

The Affordable Care Act: What Employers Need to Know (MBP10)

TGIF

Advanced Wisconsin Tax Issues for Manufacturers (NBP10)

TGIF

2014 Fall Focus: No Nonsense Retention (WFF1010)

Waukesha

13-14

Tax Staff Training Level III: Advanced Issues (TSTA)

TAX

Waukesha 46

The New Reporting Option: A Financial Reporting Framework for Small &

Type

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Medium-Sized Entities (SME2)

Studies on Single Audit & Yellow Book Deficiencies (SAYB)

Gov/NFP

Cloud Computing With the New Microsoft Office (WBP10)

Estate Planning in the New World of “Portability” (LCBP10)

Advanced Controller & CFO Skills (ACCS)

Location

Page

Madison 28 Green Bay

AA Rothschild 38

Madison 42 Waukesha

Onalaska 27

Mgmt

Waukesha

IRS Practice & Procedure: Audits, Appeals, Assessment, Settlement & Collection (IPP)

TAX

Waukesha

Unlocking Social Security (MT10)

TGIF

Wauwatosa 30

The Affordable Care Act: What Employers Need to Know (WSBP10)

TGIF

NEW! Current Federal Tax Developments (CFTD)

TAX

Waukesha

New “Repair Regs” Sec. 263(a) (NRR)

TAX

Onalaska 47

Excel Tips, Tricks & Techniques for Accountants (EXL)

Rothschild 54

Critical Thinking Skills (CTS) for Financial Professionals

Mgmt

Waukesha

Financial Analysis in a Metrics Driven World (FAMD)

Mgmt

Waukesha 44

Wausau 33 46

27-28

NEW! Staff Training Level II (ASE2)

NEW! Annual Financial Management Spotlight (AFMS)

Annual Update for Accountants & Auditors (AUAA2)

Rothschild 38

Estate & Life Planning Issues for the Middle-Income Client (PMIC)

TAX

Onalaska 47 Waukesha

Waukesha

Mgmt

Waukesha

Fiduciary Income Tax Returns: Form 1041 Workshop (1041)

TAX

Form 990: A Comprehensive Approach to Accurate Preparation (EO-F990)

TAX

NEW! FASB Review: Common GAAP Issues Impacting All CPAs (FRU)

Exploring the Updated Internal Control Framework: Critical Concepts in Design,

Madison 47 Waukesha

Evaluation, Implementation & Monitoring (UICF)

NEW! Advanced QuickBooks Tips & Techniques (AQB-4)

Waukesha

NEW! Word, Outlook & PowerPoint: Tips & Tricks for Enhancing Productivity (MOT-4)

Waukesha

Excel Tips, Tricks & Techniques for Accountants (EXL2)

Waukesha

NEW! Accounting & Auditing Update for Tax Practitioners (AAUP)

Waukesha

Date

NOV

2014-2015

Title

Type

Madison 39

Location

Page

The Best Individual Tax Update Course by Surgent McCoy (BITU)

TAX

Waukesha

The Complete Guide to Payroll Taxes & 1099 Issues (CGPT)

TAX

Waukesha

Surgent’s Comprehensive Guide to Tax Depreciation, Amortization & Property

Transactions from Acquisition to Exchange or Disposition (TDAP)

OCBOA: Preparing & Reporting on Cash, Modified Cash & Tax Basis

Financial Statements (CMCT)

6 NEW! Hot Tax Planning Developments Under the Current Tax Law (CL4HOT)

TAX

Madison 48

Waukesha

TAX

Waukesha

[ www.wicpa.org/register ]

Date

NOV

Type

Location

Page

6 NEW! Key S corporation Tax Strategies & Compliance Issues (CL4SCORP)

TAX

Waukesha

Conf

Milwaukee 24

TAX

Waukesha

6-7

Title

Tax Conference (TCB)

7 NEW! Cancellation of Debt for Individuals & Businesses (CL4CDIB) 7 NEW! Estates & Trusts: Mastering Complex Tax Issues (CL4ITET)

TAX

Waukesha

Gov/NFP

Waukesha

The Perils of Social Media (WBP11)

Waukesha

Advanced OMB Circular A-133 Issues (AOMB)

Eau Claire

NEW! GAAS From A to Z (GAAS)

Waukesha

Construction Contractors: Critical Accounting, Auditing & Tax Issues in Today’s

Environment (CONS)

Waukesha

NEW! Windows 8 & Microsoft Office Symposium (WIN8)

Waukesha

Advanced Wisconsin Tax Issues for Non Manufacturers

(Including Service Providers) (NBP11)

TGIF

Wisconsin Department of Revenue Update (MBP11)

TGIF

Madison 29

What Does Your Communication Say About You? (MT11)

TGIF

Wauwatosa 30

Advanced Auditing of HUD-Assisted Projects (EO-AHUD)

Waukesha 40

Appleton 31

Auditing Not-for-Profit Entities: Superior Skills for an Effective & Efficient Audit (ANFP)

Gov/NFP

Onalaska 42

Latest Developments in Nonprofit Accounting & Auditing 2014 (NPAA)

Gov/NFP

Rothschild 43

18-19

NEW! Staff Training Level III (ASE3)

Waukesha

NEW! Forensic Accounting: Uncovering Schemes & Scams (CL4FAFR)

Waukesha

NEW! Fraud & Cash Receipts: Common Frauds & Internal Controls (CL4RCR)

Waukesha

Accounting, Auditing & Financial Management Conference (AAFM)

Conf

NEW! Special Purpose Frameworks: Alternatives to GAAP (CL4CTB)

NEW! Statement of Cash Flows: Preparation, Presentation & Use (CL4FCFS)

Waukesha 41

Surgent’s Multistate Tax Update (MSTU)

TAX

Waukesha 49

Choosing the Best Entity Structure Under the Tax Law in 2014 (CBES)

TAX

Appleton 49

1-2

Title Surgent’s Federal Tax Camp (SATC) 2014 Corporate Income Tax Workshop (CITW) Yellow Book: Government Auditing Standards (EOYB)

3 NEW! Adobe Acrobat for Accountants From A-Z (AAAZ)

4-5

Pewaukee 24 Waukesha

Type

Location

Page

TAX

Green Bay

TAX

Waukesha 50

Gov/NFP

Waukesha 43

Waukesha 55

Technology Conference (TECH)

Conf

Pewaukee 24

Individual Income Tax Update (NBP12)

TGIF

Green Bay

TAX

Waukesha 50

TAX

Waukesha 50

8 NEW! Obamacare & Fringe Benefits: 2014 & Beyond (OBCR)

9 NEW! Getting More Active With the Passive Activity Rules & the New Net Investment

10-11

Income Tax (PAIT) New “Repair Regs” Sec. 263(a) (NRR2)

TAX

Waukesha 50

Tax Staff Training Level II: Business (TSTB)

TAX

Waukesha 51

21 The Bottom Line | O c t o b e r 2 0 1 4

Wisconsin Department of Revenue Update (ECBP11)

Date

DEC

[

seminars | calendar ]

Date

DEC

2014-2015

Title

Hot Tax Practice & Procedure Issues (MBP12)

Individual Income Tax Update (LCBP12)

Type

Location

Page

TGIF

Madison 29

Onalaska 28

Make Your Data Come Alive With Excel 2013 (MT12)

TGIF

Wauwatosa 30

Wisconsin Department of Revenue Update (WSBP12)

TGIF

Wausau 33

Surgent’s Handbook for Mastering Basis, Distributions & Loss Limitation Issues for

S corporations, LLCs & Partnerships (HMBI)

TAX

Waukesha 51

Tax Advisors Update (PTU)

TAX

Onalaska 51

Tax Advisors Update (PTU2)

TAX

Brookfield 51

Hot IRS Tax Examination Issues for Individuals & Businesses (EXIB)

TAX

Waukesha 51

The Bottom Line | O c t o b e r 2 0 1 4

NEW! Finance & Innovation (FI)

Mgmt

Waukesha 44

Excel on Steroids (WBP12): Reinvent Your Department & Company

Waukesha 26

NEW! Transform Your Busy Season With Technology Tools You Already Use! (TYBS)

Waukesha 55

NEW! Excel Bootcamp: Everything You Need to Know to Build Great IT

Waukesha 55

Spreadsheets (EXBOOT)

Date

JAN 2015

Type

Location

Page

Preparing Individual Tax Returns for New Staff & Paraprofessionals (PITR)

TAX

Waukesha 52

Individual Income Tax Update (MT01A)

TGIF

Brookfield 30

The Complete Guide to Preparing Limited Liability Company, Partnership &

S corporation Federal Income Tax Returns (PLPS)

TAX

Waukesha 52

Hot Tax Practice & Procedure Issues (NBP01)

TGIF

Appleton 32

Individual Income Tax Update (MBP01)

TGIF

Madison 29

Identify Theft (WBP01)

Waukesha 26

Wisconsin Department of Revenue Update (LCBP01)

Onalaska 28

Individual Income Tax Update (MT01B)

TGIF

Wauwatosa 30

Type

Location

Date

FEB 2015

Title

Title Not-for-Profit Accounting & Reporting: From Start to Finish (NPAR)

Page

Gov/NFP

Waukesha 43

NEW! Controller’s Update: Today’s Latest Trends (CL4SKSB)

Mgmt

Waukesha 45

NEW! Critical Skills for Budgeting Success (CL4CSCB)

Mgmt

Waukesha 45

Using Macros to Automate Complex Tasks in Excel (ECBP02)

NEW! Analyzing a Company’s Financial Statement (CL4SABM)

Mgmt

Waukesha 45

NEW! Risk, Cost & Cash Management for Controllers & Financial Managers (CL4TKBP)

Mgmt

Waukesha 45

Cloud Computing With the New Microsoft Office (MBP02)

TGIF

Madison 29

The Affordable Care Act: What Employers Need to Know (NBP02)

TGIF

Green Bay

Advanced Sales & Use Tax Workshop (MT02)

TGIF

Wauwatosa 30

Eau Claire

NEW! Productivity Tools Symposium: Outlook, Adobe, Word & OneNote (TOOLS)

Waukesha 55

NEW! Windows 8 & Microsoft Office Symposium (WIN82)

Onalaska 56

Equity Analysis for the Practicing CPA (WBP02)

Waukesha 26

Hot Tax Practice & Procedure Issues (WSBP02)

TGIF

Wausau 33

[ www.wicpa.org/register ]

Date

MAR 2015

Page

Wellness in the Workplace (MBP03)

TGIF

Madison 29

Accessing Cash (NBP03)

TGIF

Appleton 32

FMLA 101 (MT03)

TGIF

Wauwatosa 31

Employee Engagement (WBP03)

Waukesha 27

Using Macros to Automate Complex Tasks in Excel (LCBP03)

Onalaska 28

Title

Identity Theft (NBP04)

Customs Compliance: Primer to Understanding & Identifying Your Clientâ&#x20AC;&#x2122;s Import & Export Liability (WBP04)

Type

Location

Page

TGIF

Green Bay

Waukesha 27

Identity Theft (MBP04)

TGIF

Madison 29

Hot Tax Practice & Procedure Issues (MT04)

TGIF

Wauwatosa 31

Advanced Excel (ADE2)

Waukesha 56

Excel PivotTables for Accountants (EPT)

Waukesha 56

Unlocking Social Security (WSBP04)

The Affordable Care Act: What Employers Need to Know (ECBP04)

Title

TGIF

Wausau 33

Eau Claire

Type

Location

Page

FMLA 101 (MBP05)

TGIF

Madison 29

What Does Your Communication Say About You? (NBP05)

TGIF

Appleton 32

Retirement Plans & Tools for Retirement Savings (MT05)

TGIF

Wauwatosa 31

The 4 Doors of Planning (WBP05)

Waukesha 27

The Affordable Care Act: What Employers Need to Know (LCBP05)

Onalaska 28

Title Audits of 401(k) Plans (AFKP)

Type AA

Location

Page

Waukesha 41

23 The Bottom Line | O c t o b e r 2 0 1 4

Date

JUNE 2015

Location

Date

MAY 2015

Type

Date

APR 2015

Title

Our early birds get more than just a worm.

Registering early for a WICPA conference or seminar not only saves you money. It also helps you plan ahead and better prepare to be out of the office. That means you can focus on the topics and learn new ideas while you’re there. The sooner we know how many participants are registered, the better we can plan ahead, too.

See specific event registration for details, or call and ask for the WICPA CPE Department at

800-772-6939.

The Bottom Line | O c t o b e r 2 0 1 4

Save up to

when you register by the early bird deadline for WICPA conferences and seminars. What’s more, every registrant from your company receives the discounted early bird rate.

ese Don’t forget to save th

! 2014 conference dates

CPAs in Industry Spring

l Financia ions Institut

ay 15 Thur., M

Tue., March 18

Not-for-Profit & Health Care Tue., Sept. 30

www.wicpa.org/CPE

School Distric t Audit

Wed., M ay 28

Tax Thur., Nov . 6 & Fri., Nov . 7

Scho o Distr l ict Audi t

Thur

., Ma y

CPAs in Industry Fall Tue., Sept. 23

ing, Account & Auditing l ia c Finan nt e m e Manag

ov. 19 Wed., N

Technology Thur., Dec. 4 & Fri., Dec. 5

SAVE $$ ON YOUR CPE! Save up to $50 on your registration when you join the WICPA — the premier professional organization for Wisconsin CPAs and accounting professionals. When you join the WICPA, you’re joining THE STANDARD ABOVE for industry knowledge and education. There are membership options for every stage of your career. Whether you’re a student, an accounting professional with a baccalaureate degree or a CPA, you’ll receive all the benefits of WICPA membership. Register and join online with one convenient payment and start saving on your CPE today! Visit www.wicpa.org/registration.

[ www.wicpa.org/register ]

Name___________________________________________ WICPA ID#____________________ Employer_______________________________________________________________________ Address_________________________________________________________________________

q I prefer a vegetarian meal. q I am an AICPA member. q I have a special need

City|State|Zip____________________________________________________________________

or disability. _______________ __________________________

Telephone_______________________________________________________________________ Email (required for confirmation and electronic materials)______________________________________

Are you: q a WICPA member q a CPA nonmember q working toward a CPA q not a CPA Course Acronym/Date__________________________ q *Green Program Member Fee $_________ Nonmember Fee $________ Course Acronym/Date__________________________ q *Green Program Member Fee $_________ Nonmember Fee $________ Green

Event Course Acronym/Date__________________________ q *Green Program Member Fee $_________ Nonmember Fee $________

Sessions (if applicable) _____________________________________________________________________________________________

*Green programs only:

GreenSession

q will bring a laptop/tablet device q will not bring a laptop/tablet device q prefer a printed manual (additional $20 per green program) Payment method: q Check (payable to WICPA) Total amount enclosed: $_____________ Charge to q MasterCard q Visa Total amount to be charged: $_____________ Name on Card___________________________________________________________________ Billing Address___________________________________________________________________ City|State|Zip____________________________________________________________________ Card #_________________________________________________________________________ Exp. Date __________________________ CVV (3 digits on back of card)____________________ Signature________________________________________ Date___________________________ Mail registrations with payment or credit card information to: WICPA | W233N2080 Ridgeview Parkway | Suite 201 | Waukesha, WI 53188 Call with credit card information: 262-785-0445 | 800-772-6939 website: www.wicpa.org/register

The Bottom Line | O c t o b e r 2 0 1 4

Registration FORM

Breakfast Programs & TGIF for CPAs Breakfast Programs & TGIF for CPAs

throughout the state for CPAs.

These programs feature various topics and take place one Wednesday a month, September through May, at the WICPA Professional Development Center in Waukesha. Registration and a networking breakfast begin at 7 a.m., followed by the presentation from 7:30 – 8:30 a.m.

Many of our members find this to

CPE credit: 1 hour

Want to get out of the office, earn CPE credits and still not lose a full day of work? The WICPA hosts several one- to four-hour breakfast and TGIF programs 26

Waukesha Breakfast Programs

The Bottom Line | O c t o b e r 2 0 1 4

be the perfect way to gain credit while continuously staying current on upcoming trends and timely issues happening within the profession. Network with fellow colleagues, and choose between a number of different locations, times, credit options and topics that interest you.

Individual program: $25 member/ $35 nonmember BEST DEAL! Season Pass (WBPSP) $200 member/$250 nonmember Oct. 15

Cloud Computing With the New Microsoft Office (WBP10) Daniel Petersen, Director of Business Intelligence, Applied Tech Office 365 is a cloud-based productivity service hosted by Microsoft. It brings together the power of Office with business class email, document sharing, instant messaging and video conferencing to give you “anywhere access” to things you need to get tasks done across your devices, from PCs to smartphones and tablets. See a demonstration of the product and learn about the financial benefits of cloud computing, including capital versus operating expenses, reduced infrastructure costs and automatic upgrades. Nov. 12

The Perils of Social Media (WBP11)

Geoffrey Trotier, J.D., Shareholder, Von Briesen & Roper, S.C. Technology, electronic communications, and social media are interwoven with our business

environments. Social media speech and whether it truly is free will be discussed. Also being addressed will be the NLRB-approved social media policies and the ability for an employer to discipline based on statements made on social media. Dec. 17

Excel on Steroids: Reinvent Your Department & Company (WBP12)

Michael Nottoli, Partner, Accounting Information Solutions, Ltd. “Excel on Steroids” is a specialized training program focusing on key Excel functionality for powerful business reporting and decisionmaking. Topics include data analysis using PivotTables and PivotCharts, understanding and creating a PivotTable, modifying and formatting a PivotTable, Sparklines, calculated fields, grouping and creating a PivotChart. Jan. 14

Identity Theft (WBP01) Theresa Williams, U.S. Postal Inspector Employee embezzlement schemes will be discussed. Feb. 18

Equity Analysis for the Practicing CPA (WBP02) Todd Voit, Ph.D., Portfolio Manager, Voit & Hamilton, LLC Although it may be incidental in a CPA’s daily practice, CPAs are regularly asked for investment advice related to companies and stocks. This program is intended to give the CPA a basic approach to analyzing stocks. In addition, this presentation may prove to be of great personal benefit.

March 18

Employee Engagement (WBP03) Nancy Turngren, BSN, MA, BCC, ACC, Professional Coach, Nancy Turngren Coaching, LLC

April 15

Customs Compliance: Primer to Understanding & Identifying Your Client’s Import & Export Liability (WBP04) Jennifer Jin, J.D., State & Local Taxation Team, Whyte Hirschboeck Dudek SC Every U.S. business involved in international trade is subject to the jurisdiction of U.S. Customs and Border Protection (“Customs”). The purpose of customs is to enforce federal trade law while minimally interfering with international trade. However, customs’ ability to seize and forfeit merchandise and pursue both criminal and civil penalties has serious repercussions. For unprepared companies, the repercussions can directly impact a company’s global productivity and, in some cases, its ability to do business. Consider that customs is empowered to impose civil penalties that range from two times the lawful duties, taxes and fees of which the United States is or may be deprived for negligence up to the domestic value of the merchandise.

The opportunity to correct the course has likely passed by the time your client is contacted by customs. This one-hour presentation will present the most common compliance errors and identify potential strategies to avoid making those errors commonly identified via audit. May 13

The 4 Doors of Planning (WBP05) Timothy Crawford, J.D., Attorney, Timothy P. Crawford S.C. You will be led through “The 4 Doors of Planning” in this program. Prepare to be guided through the proper steps in planning ahead for mental incompetency to avoid the need for a guardianship, probate avoidance, as well as how to properly protect your home and assets from having to be spent to pay for your nursing home care costs with an Asset Protection Trust.

Eau Claire & La Crosse Breakfast Programs These programs occur one Wednesday a month, feature various topics and alternate between The Plaza Hotel in Eau Claire and Stoney Creek Inn in Onalaska. Registration and a networking breakfast begin at 7:30 a.m., followed by the presentation from 8 – 10 a.m. NOTE: The tax program is on Friday, Dec. 12, in Onalaska from 8 a.m. – Noon and includes a Master Tax Guide. CPE credit: 2 hours (December program 4 hours) Individual program: $40 member/ $45 nonmember (December program $99 member/$129 nonmember and includes a Master Tax Guide)

BEST DEALS! The LaCrosse Season Pass includes all five breakfast programs being held in Onalaska, all for the discounted price of $229 member/$259 nonmember. This season pass also includes the 2015 Master Tax Guide. Registration and a networking breakfast will be at 7:30 a.m., followed by the presentation from 8 – 10 a.m. Each program qualifies for 2 CPE credit hours. The Individual Income Tax Update will have a networking breakfast beginning at 7:30 a.m., followed by the presentation from 8 a.m. – Noon for 4 CPE credit hours. The first of two Eau Claire Season Pass options, which includes only the programs occuring in Eau Claire for the discounted price of $140 member/$160 nonmember. Please note: The Individual Income Tax Update program held in December at the Onalaska facility is not included in this season pass option. If you would like to attend that program, we recommend selecting the second Eau Claire Season Pass option, which saves you even more and includes the 2015 Master Tax Guide. This option is $229 for members and $259 for nonmembers. Registration and a networking breakfast will be at 7:30 a.m., followed by the presentation from 8 – 10 a.m. Each program qualifies for 2 CPE credit hours. Oct. 15 (Stoney Creek Inn, Onalaska)

Estate Planning in the New World of Portability (LCBP10) Robert Mathers, J.D., CPA/ PFS, ABV, Shareholder, Davis & Kuelthau, s.c. Learn the history of this new estate planning tool, along with practical

27 The Bottom Line | O c t o b e r 2 0 1 4

According to the Gallup “2013 State of the American Workplace Report,” 70 percent of American workers are not engaged or actively disengaged. Because employee engagement is connected to an organization’s productivity and profitability, this warrants your attention. How do you authentically engage and mobilize employees or yourself? Learn what keeps employees engaged and key strategies and tools to achieve success.

Will your clients be ready if customs examines their in-house trade compliance program?

Breakfast Programs & TGIF for CPAs guidance on putting it into practice and future issues. Learn how to develop business around these concepts. Nov. 12 (The Plaza Hotel, Eau Claire) Jan. 14 (Stoney Creek Inn, Onalaska)

Wisconsin Department of Revenue Update (ECBP11) & (LCBP01)

Vicki Gibbons, CPA, Deputy Administrator, Wisconsin Department of Revenue

The Bottom Line | O c t o b e r 2 0 1 4

This presentation will include a summary of recent law changes, and highlights of administrative and procedural changes affecting tax practitioners. Issues arising in individual income, corporation franchise, or income and sales and use tax audits and information in preparation for the upcoming filings season will also be addressed. Dec. 12 (Stoney Creek Inn, Onalaska)

Individual Income Tax Update (LCBP12)

Time: 8 a.m. – Noon Fee: $99 member/$129 nonmember CPE credit: 4 hours

Feb. 11 (The Plaza Hotel, Eau Claire) March 18 (Stoney Creek Inn, Onalaska)

Using Macros to Automate Complex Tasks in Excel (ECBP02) & (LCBP03)

Desiree Herrmann, MCP, MCT, A+, Net+, Instructor, Masterlink Training Joe Valentine, Applications Instructor, Masterlink Training/ Instructing Technologies Save time by automating frequently used operations or long complex tasks in Excel by creating a macro. A macro contains all the commands, mouse movements and user actions necessary to complete a task. Learn how to create a macro and various ways to execute them. We will also explore the four primary ways to protect information stored in an Excel workbook. April 29 (The Plaza Hotel, Eau Claire) May 13 (Stoney Creek Inn, Onalaska)

The Affordable Care Act: What Employers Need to Know

June F. Norman, CPA, MS Taxation, Sole Practitioner, JJ Norman & Co., CPAs

(ECBP04) & (LCBP05)

Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed by all we need to know, like you are not alone in your confusion, invigorated for the tax season ahead, and all of the above! Program includes Master Tax Guide.

Every employer with employees will be affected by health care reform to some degree. They need to plan for this, and the place to start is with an education on the myriad of fees, taxes, health insurance plan design issues and reporting requirements that will affect them. The presentation will provide a summary of the law and how it affects cost, benefits and compliance obligations for the employer and employees. What employers should be considering and doing, and some of the options available for dealing with the ACA requirements will also be discussed.

Pamela Branshaw, CPA, CEBS, Partner, Wipfli LLP

Madison TGIF for CPAs These monthly programs feature various topics and occur at the Crowne Plaza Hotel in Madison. Registration and a networking breakfast begin at 7:30 a.m., followed by the presentation from 8 – 10 a.m. The January program is 8 a.m. – Noon and includes a Master Tax Guide. CPE credit: 2 hours (January program 4 hours) Individual program: $65 member/ $75 nonmember (January program $99 member/$129 nonmember and includes Master Tax Guide) New! $60 unemployed/working part time/retired member fee (January program $89 includes Master Tax Guide) BEST DEAL! Season Pass (20 credits) (MBPSP)

$554 member/$604 nonmember (includes one free program and Master Tax Guide) New! $449 unemployed/working part time/ retired member season pass (includes two free programs and Master Tax Guide) Oct. 10

The Affordable Care Act: What Employers Need to Know (MBP10)

Pamela Branshaw, CPA, CEBS, Partner, Wipfli LLP Every employer with employees will be affected by health care reform to some degree. They need to plan for this, and the place to start is with an education on the myriad of fees, taxes, health insurance plan design issues and reporting requirements that will affect them. The presentation will provide a summary of the law and how it affects cost, benefits and compliance obligations for the employer and the employees.

What employers should be considering and doing, and some of the options available for dealing with the ACA requirements will also be discussed. Nov. 14

Wisconsin Department of Revenue Update (MBP11) Vicki Gibbons, CPA, Deputy Administrator, Wisconsin Department of Revenue

Dec. 12

Hot Tax Practice & Procedure Issues (MBP12) Michael Goller, J.D., Tax Department Chair, Reinhart Boerner Van Deuren s.c. This session will look at and provide an update on timely IRS issues that the CPA should know about. Jan. 9

Individual Income Tax Update (MBP01)

Feb. 13

Cloud Computing With the New Microsoft Office (MBP02) Daniel Petersen, Director of Business Intelligence, Applied Tech Office 365 is a cloud-based productivity service hosted by Microsoft. It joins the power of Office with business class email, document sharing, instant messaging and video conferencing to give you anywhere access to things you need to get tasks done across your devices — from PCs to smartphones and tablets. See a demonstration of the product and learn about the financial benefits of cloud computing, including capital vs. operating expenses, reduced infrastructure costs and automatic upgrades.

This presentation will examine the definition of wellness and its benefits in the modern workplace. Participants will learn strategies to create a well-being culture and have the opportunity to reflect on their personal wellness. April 17

Identity Theft (MBP04) Dean Kowalefski, U.S. Postal Inspector & Theresa Williams, U.S. Postal Inspector Employee embezzlement schemes will be discussed. May 8

FMLA 101 (MBP05) Geoffrey Trotier, J.D., Shareholder, Von Briesen & Roper, S.C.

Wellness in the Workplace (MBP03)

The federal Family and Medical Leave Act and the Wisconsin Family and Medical Leave Act are two complex, competing laws which frequently get in each other’s way while trying to accomplish the same goal. This presentation will familiarize business advisors and partners with the obligations and liabilities that employers may encounter with any workforce when it comes to offering mandatory or discretionary leave.

Nancy Turngren, BSN, MA, BCC, ACC, Professional Coach, Nancy Turngren Coaching, LLC

Milwaukee TGIF for CPAs

Employees are the cornerstone of most organizations and often a large percentage of their operating expense. It makes sense to value this investment in ways that promote employees’ performance. Research has shown employees who are thriving in their overall well-being are more than twice as likely to be engaged in their jobs — leading to a positive impact on productivity, retention, and customer satisfaction.

These monthly programs feature various topics and occur one Friday a month at the Crowne Plaza Hotel in Wauwatosa. Registration and a networking breakfast begin at 7:30 a.m., followed by the presentation from 8 – 11 a.m.

March 13

The two January tax programs, one at the Brookfield Suites on Thursday, Jan. 8, and the other at the Crowne Plaza in Wauwatosa on

29 The Bottom Line | O c t o b e r 2 0 1 4

This presentation will include a summary of recent law changes, and highlights of administrative and procedural changes affecting tax practitioners. Issues arising in individual income, corporation franchise, or income and sales and use tax audits, and information in preparation for the upcoming filings season will also be addressed.

the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed by all we need to know; like you are not alone in your confusion; invigorated for the tax season ahead; and all of the above! Program includes Master Tax Guide.

Breakfast Programs & TGIF for CPAs Friday, Jan. 16, are from 8 a.m. – Noon and include a Master Tax Guide. CPE credit: 3 hours (January programs 4 hours) Individual program: $70 member/$80 nonmember (January programs $99 member/$129 nonmember and includes Master Tax Guide) 30

New! $65 unemployed/working part time/retired member fee (January program $89 includes Master Tax Guide)

The Bottom Line | O c t o b e r 2 0 1 4

BEST DEAL! Season Pass (28 credits) (MTSP) $589 member/$639 nonmember (includes one free program and Master Tax Guide) New! $479 unemployed/working part time/retired member season pass (includes two free programs and Master Tax Guide) Oct. 17

Unlocking Social Security (MT10)

Kelly Greig, Financial Advisor, Merrill Lynch Wealth Management This program will provide attendees with an understanding of some of the more common concepts associated with Social Security, including when to file, spousal benefits and potential tax strategies. The presentation looks at different opportunities to assist in maximizing future Social Security benefits. The seminar provides the information necessary to begin planning for Social Security and emphasizes the important role that planning plays in an overall retirement income plan. More than 78 million baby boomers will be entering retirement over the next 20 years. For many of these individuals, Social Security will play an important role in their overall retirement income plan (currently Social Security benefits make up 35 percent of the average

retirees’ income). Having a basic understanding of the benefits and learning a few of the strategies associated with Social Security will prove beneficial. Nov. 14

What Does Your Communication Say About You? (MT11) Alice O’Connor, Principal, Constituency Services, Inc. In a high-tech world, people are still looking for high-touch rapport regardless of your expertise. What does your presence communicate about you? If verbal communication accounts for just 7 percent of your message, what do you convey with the 93 percent that is nonverbal? Lack of awareness about nonverbal communication can and does sabotage your success. During this fun, three-hour, highly interactive program, participants will have a chance to tune up or sharpen skills that impact how their overall communication lands on others. Participants will be able to assess what their personal mannerisms and behaviors say about who they are so loudly — no one can hear the message. Looking at their message, individuals will also be given practical tips to help improve their voice power in order to project more power and authority. Dec. 12

Make Your Data Come Alive With Excel 2013 (MT12) Daniel Petersen, Director of Business Intelligence, Applied Tech Many of you may have attended the shorter version of this session at one of our WICPA conferences. However, we received feedback that you wanted it more in-depth. Join Dan Petersen of Applied

Tech to discover how the data analysis and visualization tools available in Excel 2013 turn your data into actionable information. Separate non-formatted data into columns using Flash Fill, use Recommended Charts to easily visualize data in the appropriate format, quickly filter data by date ranges using the Timeline Slicer, use PivotTables and PowerView to transform a worksheet into an interactive report and explore data geographically using maps in PowerView. Jan. 8 (Thursday) (Brookfield Suites Hotel, Brookfield) Jan. 16 (Friday) (Crowne Plaza Hotel, Wauwatosa)

Individual Income Tax Update (MT01A) & (MT01B)

Time: 8 a.m. – Noon Fee: $99 member/$129 nonmember June F. Norman, CPA, MS Taxation, Sole Practitioner, JJ Norman & Co., CPAs Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed by all we need to know, like you are not alone in your confusion, invigorated for the tax season ahead, and all of the above! Program includes Master Tax Guide. Feb. 13

Advanced Sales & Use Tax Workshop (MT02) Jennifer Jin, J.D., Attorney, Whyte Hirschboeck Dudek SC

John Healy, CPA, Consultant, Whyte Hirschboeck Dudek SC

Schneider Wealth Management Group of Wells Fargo Advisors

Joseph Pickart, ESQ., Attorney, Whyte Hirschboeck Dudek SC

Kenneth J. Schneider, MBA, Managing Director – Investments, Schneider Wealth Management Group of Wells Fargo Advisors

March 13

FMLA 101 (MT03) Geoffrey Trotier, J.D., Shareholder, Von Briesen & Roper, S.C. The federal Family and Medical Leave Act and the Wisconsin Family and Medical Leave Act are two complex, competing laws that frequently get in each other’s way while trying to accomplish the same goal. This presentation will familiarize business advisors and partners with the obligations and liabilities that employers may encounter with any workforce when it comes to offering mandatory or discretionary leave. April 17

Hot Tax Practice & Procedure Issues (MT04) Michael Goller, J.D., Tax Department Chair, Reinhart Boerner Van Deuren s.c. This session will look at and provide an update on timely IRS issues that the CPA should know.

During this program, the presenters will give an update on what is currently happening in the retirement marketplace, which will help you evaluate and review existing plans, as well as help understand what is happening from a legislative and compliance standpoint. Various retirement plans will be compared, which will help guide you to make educated decisions about the plans’ fit for your client’s needs. Lastly, advanced plan strategies for retirement savings/tax savings will be discussed. Although a 401(k) usually works great for most businesses, there are many cases where those plans don’t allow you to defer/save as much as you would like. Advanced techniques, such as new comparability, non-qualified deferred comp, and cash balance plans, will be overviewed, which will be valuable when trying to help clients who are business owners.

Northeast TGIF for CPAs These monthly Friday programs feature various topics and occur once a month September through May, alternating between the Schenck offices in Appleton and Green Bay. Registration and a networking breakfast will be at 7:30 a.m., followed by the presentation from 8 – 11 a.m.

Retirement Plans & Tools for Retirement Savings (MT05)

The December program is from 8 a.m. – Noon and is at the Radisson Hotel in Green Bay. This program includes a Master Tax Guide.

James K. Schneider, CPA, CFP, Associate V.P., Investment Officer,

CPE credit: 3 hours (December program 4 hours)

May 8

New! $55 unemployed/working part time/ retired member fee (December program $89 includes Master Tax Guide) BEST DEAL! Season Pass (28 credits) (NBPSP)

$519 member/$569 nonmember New! $419 unemployed/working part time/ retired member season pass (includes two free programs, Master Tax Guide and breakfast!) Oct. 10 | Schenck SC, 2200 Riverside Drive, Green Bay

Advanced Wisconsin Tax Issues for Manufacturers (NBP10) Jennifer Jin, J.D., Attorney, Whyte Hirschboeck Dudek SC John Healy, CPA, Consultant, Whyte Hirschboeck Dudek SC Thomas Vance, J.D., Attorney, Whyte Hirschboeck Dudek SC This program will provide an in-depth review of Wisconsin tax issues relating to manufacturers doing business in Wisconsin and highlight the many common opportunities and pitfalls. Topics that will be discussed include manufacturing property tax valuation and exemptions, sales and use tax law, other taxes including manufacturer’s franchise/ income credit, and audit and appeal strategy for manufacturers. Nov. 14 | Schenck SC, 200 E. Washington St., Appleton

Advanced Wisconsin Tax Issues for Non Manufacturers (Including Service Providers) (NBP11)

Jennifer Jin, J.D., Attorney, Whyte Hirschboeck Dudek SC

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This breakfast session will assist participants in identifying common sales and use traps and pitfalls to be avoided, audit and appeal strategies, opportunities and issues relating to manufacturers, and opportunities and issues relating to service providers.

Individual program: $60 member/$70 nonmember (December program $99 member/$129 nonmember and includes Master Tax Guide)

Breakfast Programs & TGIF for CPAs John Healy, CPA, Consultant, Whyte Hirschboeck Dudek SC Thomas Vance, J.D., Attorney, Whyte Hirschboeck Dudek SC

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This program will provide an in-depth review of Wisconsin tax issues relating to non manufacturers doing business in Wisconsin and highlight the many common opportunities and pitfalls. Topics that will be discussed include property tax valuation and exemptions, sales and use tax law, other taxes and audit and appeal strategy. Dec. 5 | The Radisson Hotel, Green Bay

Individual Income Tax Update (NBP12)

This session will look at and provide an update on timely IRS issues that the CPA should know.

The discussion will cover individual financing sources and how they can be used together.

Feb. 13 | Schenck SC, 2200 Riverside Drive, Green Bay

April 10 | Schenck SC, 2200 Riverside Drive, Green Bay

The Affordable Care Act: What Employers Need to Know

Identity Theft (NBP04)

(NBP02)

Robert Buss Jr., CPA, CEBS, Senior Manager, Wipfli LLP Every employer with employees will be affected by health care reform to some degree. They need to plan for this, and the place to start is with an education on the myriad of fees, taxes, health insurance plan design issues and reporting requirements that will affect them. The presentation will provide a summary of the law and how it affects cost, benefits and compliance obligations for the employer and the employees. What employers should be considering and doing, and some of the options available for dealing with the ACA requirements will also be discussed. March 13 | Schenck SC, 200 E. Washington St., Appleton

Accessing Cash (NBP03) James Goetz, Vice President of Commercial Banking, Bank Mutual Rich Flamang, Vice President, Summit Financial Resources Tom Podewils, President, AILCO Equipment Finance Group Victor Ronk, Senior Vice President, FirstMerit Bank

Hot Tax Practice & Procedure Issues (NBP01)

Scott Ryan, Regional Manager, AILCO Equipment Finance Group

Michael Goller, J.D., Tax Department Chair, Reinhart Boerner Van Deuren s.c.

In this panel-style presentation, four different sources will provide funding advice to businesses.

Dean Kowalefski, U.S. Postal Inspector Matt Schmitz, U.S. Postal Inspector Derik Thieme, U.S. Postal Inspector Theresa Williams, U.S. Postal Inspector Employee embezzlement schemes will be discussed. May 8 | Schenck SC, 200 E. Washington St., Appleton

What Does Your Communication Say About You? (NBP05) Alice O’Connor, Principal, Constituency Services, Inc. In a high-tech world, people are still looking for high-touch rapport regardless of your expertise. What does your presence communicate about you? If verbal communication accounts for just 7 percent of your message, what do you convey with the 93 percent that is nonverbal? Lack of awareness about nonverbal communication can and does sabotage your success. During this fun, three-hour, highly interactive program, participants will have a chance to tune up or sharpen skills that impact how their overall communication lands on others. Participants will be able to assess what their personal mannerisms and behaviors say about who they are so loudly — no one can hear the message. Looking at their message, individuals will also be given practical tips to help improve their voice power in order to project more power and authority.

Wausau TGIF for CPAs These breakfast programs offer four different Friday morning presentations featuring various topics during the months of October, December, February and April. These programs occur at the Northcentral Technical College Center for Business and Industry (CBI) building in Wausau. Registration and a networking breakfast begin at 7:30 a.m., followed by the presentation from 8 â&#x20AC;&#x201C; 10 a.m. Individual program: $40 member/ $45 nonmember Oct. 17

The Affordable Care Act: What Employers Need to Know (WSBP10) Thomas Krieg, CPA, Partner, Wipfli LLP Every employer with employees will be affected by health care reform to some degree. They need to plan for this, and the place to start is with an education on the myriad of fees, taxes, health insurance plan design issues and reporting requirements that will affect them. The presentation will provide a summary of the law and how it affects cost, benefits and compliance obligations for the employer and the employees. What employers should be considering and doing, and some of the options available for dealing with the Affordable Care Act requirements will also be discussed. Dec. 12

Wisconsin Department of Revenue Update (WSBP12) Vicki Gibbons, CPA, Deputy Administrator, Wisconsin Department of Revenue This presentation will include a summary of recent law changes,

Feb. 20

Hot Tax Practice & Procedure Issues (WSBP02)

Michael Goller, J.D., Tax Department Chair, Reinhart Boerner Van Deuren s.c.

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CPE credit: 2 hours

highlights of administrative and procedural changes affecting tax practitioners. Issues arising in individual income, corporation franchise, or income and sales and use tax audits, and information in preparation for the upcoming filings season will also be addressed.

This session will look at and provide an update on timely IRS issues that the CPA should know. April 24

Unlocking Social Security (WSBP04) Kelly Greig, Financial Advisor, Merrill Lynch Wealth Management This program will provide attendees with an understanding of some of the more common concepts associated with Social Security, including when to file, spousal benefits and potential tax strategies. The presentation looks at different opportunities to assist in maximizing future Social Security benefits. The seminar provides the information necessary to begin planning for Social Security and emphasizes the important role which planning plays in an overall retirement income plan. More than 78 million baby boomers will be entering retirement over the next 20 years. For many of these individuals, Social Security will play an important role in their overall retirement income plan (currently Social Security benefits make up 35 percent of the average retireesâ&#x20AC;&#x2122; income). Having a basic understanding of the benefits and learning a few of the strategies associated with Social Security will prove beneficial.

you have aN aNNual CPe requiremeNt?

for more iNfo, visit wiCPa.org/CPe

CPE Online

Webinars, Self-study & On-Demand

Webinars, Self-study & On-Demand Convenience matters. Time matters. You matter. 34

That’s why we offer thousands of webinars, self-study & On-Demand

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options specifically for CPAs and business professionals who have limited time or can’t get away from the office. Online CPE is a great alternative to the traditional CPE seminar because just like seminars, CPE webinars & On-Demand are scheduled events. But unlike seminars, webinars & On-Demand are all from the convenience of your computer!

To learn more about the great options available to you, visit www.wicpa.org/cpeonline.

Accounting Continuing Professional Education Network (ACPEN) National experts, quality production, easy and reliable Internet delivery! The Accounting Continuing Professional Education Network (ACPEN) is the largest CPE network, sponsored by many state CPA societies, and is dedicated to bringing, highly relevant, NASBA accredited, world-class CPE to accountants and financial professionals. The goal of the network is to provide continuing education to every CPA in the most convenient and economical ways possible.

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, finance, and tax professionals. These tax CPE courses specifically focus on updates and changes in tax code and practice. These tax seminars are offered on various dates and times, all providing live CPE credits. ACPEN Financial Planning Institute (Afpi):

ACPEN offers various live video webcasts and live webcast replays ranging in length from 2 to 8 hours of CPE. All webcasts are available for individual as well as group viewing. The extensive ACPEN catalog comprises courses from the following product lines:

Newest to the line of ACPEN specialized programs, this course category is geared toward providing the most current and relevant information in the area of personal finance. Topics include estate planning, Medicare, and wealth preservation, among others. These course offerings are designed to assist firms and businesses, as well as individuals, in effectively managing their personal finances.

ACPEN Signature series:

Partner Produced Programs:

The ACPEN Signature series represents the top-of-the line in 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.

We’ve found that programs and conferences produced by one state are often relevant and applicable to financial professionals and CPAs in other states. The ACPEN network offers an opportunity for our state society partners to share their content with practitioners across the country. This is just another example of ACPEN’s unparalleled effort to provide a vast range of topics to meet the continuing professional education needs of every CPA.

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

To view a complete list of ACPEN’s offerings or to register for a course, please visit wicpa.acpen.com. ACPEN-live CPE delivered to your desktop!

[ www.wicpa.org/cpeonline ] Bisk CPEasy Online

Value | Convenience | Experience Don’t you wish everything was CPEasy?

With CPEasy, you can register for your choice of courses and monthly reports, study at home or the office, take quizzes and track your CPE online. Available formats include online, audio, software, video, textbook and webinar. Plus, WICPA members receive a 10 percent discount!

CalCPA CalCPA Education Foundation (CalCPA) offers a full array of continuing education programs. With CalCPA webcasts 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 offered in a PDF format and almost all programs have savable, printable and fully annotatable textbooks. CalCPA’s courses cover everything from accounting, auditing, tax, management, ethics, litigation, retirement, and trusts and estates. We are changing and adding new programs every year and, with more than 600 webcasts to choose from, there’s a course for every interest area and curriculum need. Our instructors are experts in their fields and most are also practitioners so they’re not only content experts

In addition to live programs, recorded webcasts are offered as either selfstudy (qualifies for CPE credit once final exam is passed) or reference only (no CPE credit awarded). Search our online self-study products to find the course that meets your needs.

CCH, a Wolters Kluwer Business One solution for all your learning needs. Whether you’re looking to earn CPE credit or advance your staff’s professional development, CCH Learning Center is the best on-demand learning solution for you. CCH® has enlisted the help of some of the best authors in the industry to bring you a wide variety of comprehensive and up-to-date courses to help further your staff’s professional development and improve their tax, accounting and auditing, and financial and estate planning skills. CCH has an exclusive offer for WICPA members! With CCH adding new topics and courses regularly, it’s easy to fulfill your CPE needs. More than 160 interactive CPE courses are available online for one low annual fee of only $329 per Learning Center seat, saving you $140 per seat! With the special WICPA CCH discount price, you can also apply it toward your renewal of the annual CCH Learning Center subscription. Topics available include: • Accounting and auditing. • Sales and use tax, state taxation and tax return preparation. • U.S. international taxation. • Wealth management. • Corporate financing. * Please note: “Seats” cannot be

shared; each user needs his or her own CCH Learning Center subscription.

CPA Crossings Save money. Save time. Stay focused. CPA Crossings, LLC provides an extensive catalog of live webbased CPE programs produced and delivered by CPA Crossings, LLC or by one of its approved developers. The 2014 catalog consists of more than 65 topics in the areas of technology, practice management, workflow automation, tax, ethics, fraud and accounting/auditing. Flexible scheduling provides a nice alternative to the traditional full-day educational format. Our webinars are designed to focus on specialized topics presented by knowledgeable professionals. The nature of our webinar model allows us to bring you up to speed on rapidly emerging topics in a timely manner. Group discounts are available for three or more participants, a perfect option for firm training to maximize savings.

CPA Leadership Promoting Continuous Improvements in CPA Firm Leadership CPA Leadership Institute is devoted to enhancing leadership and management development in CPA firms. We believe that firms need leadership at all levels, not just at the top; and that everyone can be a leader by taking ownership of his or her job. When that kind of behavior becomes part of your firm culture, success is assured. We are dedicated to seeing leadership become pervasive in your CPA firm. Our repertoire of tools and reports for helping CPAs develop leadership and management skills and fulfill their potential is described on this website. Our new Knowledge

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Bisk CPEasy Online CPE Center allows accounting professionals to conveniently meet mandatory reporting requirements and gain the knowledge needed to excel in the profession. CPEasy eliminates all of the hassles associated with traditional CPE fulfillment by providing quality CPE programs that are easy to access, simple to use and available whenever and wherever you choose.

but they’re also experts in application. These individuals understand the accounting profession and offer dynamic, informative programs.

CPE Online

Webinars, Self-study & On-Demand

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Center, which includes best practices suggestions, Leadership Forum Report, and succession advisory section, is accessible at no charge for standard members. Learn about free standard membership with CPA Leadership.

CPEThink

CPA Leadership Institute also offers CPE webinars on leadership, management, personal development, and niche development. In addition, we publish the CPA Leadership Report, a monthly online review of the best management and leadership articles in the accounting press, with links to the complete articles for your convenience. We maintain an archive of CPA Leadership Report articles published since 2005, so you can easily find ideas and information that are relevant to you and your firm.

CPEThink provides industry-leading online interactive self-study CPE and professional development courses and exams for CPAs, licensed professionals, general practitioners and individuals interested in staying current in their profession.

CPE On-Demand by WICPA

CPE on YOUR schedule. Anytime. Anywhere.

The Illinois CPA Society (ICPAS) offers a comprehensive list of online self-study courses for today’s accounting and finance professional on the go. With CPE onDemand, you’ll receive relevant online education you need, when you need it. These highly interactive courses are designed to allow you to learn on your schedule, at your own pace and from the comfort of your computer or tablet, anytime day or night.

Whether you’re looking to stay on top of current issues, get the latest updates, keep up with emerging trends or broaden your knowledge with some new tips and tricks, these on-demand programs provide high-quality CPE from the well-respected professionals in the industry. Didn’t have a chance to attend one of our conferences? No worries! With CPE On-Demand by WICPA, you can now view the most popular sessions of selected conferences at your convenience!

To learn more about the great options available to you, visit www.wicpa.org/cpeonline.

Additional benefits of registering for CPE On-Demand by WICPA include: • Watch them on your schedule anytime, anywhere with an Internet connection. • The convenience of following along with speakers as their PowerPoint slides automatically transition side-by-side with the video. • The ability to download the presentation slides as a PDF for easy referencing now and in the future.

You’re busy, we understand. Get CPE credits anytime, anywhere, with a browser and Internet connection. And there’s a 100% money back guarantee.

Now offering FREE CPE with no obligation and no commitment—just FREE CPE! Check out the CPEThink Facebook page for more information and a monthly discount code.

ICPAS onDemand CPE

Choose from a full catalog of one- to two-hour online courses that cover a wide range of “just-in-time” topics, including: • Accounting & auditing. • Business valuation. • Ethics. • Forensic accounting. • Fundraising rules & regulations. • Health care reform. • International tax. • Not-for-profit. • Risk management. When you begin a CPE onDemand course, you’ll participate in a

[ www.wicpa.org/cpeonline ]

learning experience unlike any other, complete with video lectures from top instructors, interactive quizzes and final exams that ensure you’re on track to successfully complete the course.

When you take a K2 Enterprises webinar, you will have the opportunity to learn from an award-winning team of instructors with hundreds of years of collective experience in helping professionals identify, address, and solve issues through the practical application of technology. K2 Enterprises offers webinars on a variety of topics, including Excel, QuickBooks, PDFs, accounting solutions, and Microsoft Office. As a NASBA-approved sponsor of webinar learning, you are assured 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!

NEW! Reinhart Boerner Van Deuren s.c. Couldn’t attend Reinhart’s latest tax webinars? No worries! Now you can access their latest webinar series, “Hot Tax Planning Issues,” with onDemand CPE and watch them at your convenience! This four-part series discusses critical issues, including passive vs. active incomes, Revenue Ruling 99-5 and 99-6, equity-based compensation alternatives and tax savings for

SmartPros Ltd. SmartPros Ltd. is a leader in online and offline continuing education for professionals. SmartPros offers a variety of subscriptions with a compelling collection of courses and subscriptions in accounting and auditing, taxation, management, personal development and more, with savings up to $120 on a subscription for WICPA members. • This Week in Accounting/Taxation: These two series present different one-hour topics every week, keeping you current on accounting and taxation topics. Use the promo code “WICPA” to receive $50 off of these webinar subscriptions! • SP Advantage: This skills-based subscription features hundreds of multimedia and text-based courses for accounting and finance practitioners. New courses are added regularly, and subscribers have access to a broad library of courses. • FMN Online: As the leading financial update CPE subscription program in the industry, FMN is utilized by more than half of Fortune 500 companies and other leading organizations. FMN produces four new courses per month, and subscribers have access to a complete archive of courses. • CPA Report Online: An annual online CPE subscription program designed for accountants in public practice, CPA Report Online (CPAR) delivers today’s hottest topics and experts directly to your desktop. Each month, six new programs are added, covering current topics in public accounting. Online courses feature streaming video, easyto-follow course outlines, online transcripts and quizzes.

• Government/Not-for-Profit CPA Report: Designed specifically for practitioners in the fields of governmental and not-for-profit accounting. Each quarter, four new courses are added and subscribers have access to a full archive of courses.

Surgent McCoy Whatever your educational needs, Surgent McCoy has the quality and expertise to fulfill them. Surgent McCoy is one of the nation’s leading providers of CPE for CPAs. Surgent provides hundreds of webinars each year and offers a large selection of self-study products in textbook, CD-ROM, DVD and downloadable formats. With Surgent McCoy live webinars, you meet your CPE needs from the comfort of your office or home. Each webinar features leading experts from Surgent McCoy speaking on the hottest topics in accounting, auditing, government/nonprofit, technology, and tax, and answering your critical questions. Courses are not only geared toward CPAs in public accounting; many courses are structured for financial professionals in the corporate world as well. You can also expand your professional career by enrolling in one of Surgent McCoy’s certified specialist in estate planning (CSEP) or certified specialist in retirement planning (CSRP) programs. Choose our unlimited webinar package ($750) for access to hundreds of two- to eight-hour courses throughout the year, or select from smaller packages (16-credit: $370, 8-credit: $250) or single webinars ($79-$195). Each program qualifies through NASBA for live (group Internet-based) CPE credit. No exams needed!

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K2 Enterprises is proud to offer a broad curriculum of technologyfocused CPE webinars to the members of the Wisconsin Institute of CPAs. 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.

exporters with IC-DISCs. Purchase all four to complete the series or any of the individual presentations now!

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seminars | program descriptions ]

Accounting & Auditing The New Reporting Option: A Financial Reporting Framework for Small & Medium-Sized Entities (SME2) Oct. 14 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Rothschild Joann Cross, CPA, Ph.D., CMA, CGFM, CGMA, Professor, University of Wisconsin-Oshkosh 38 The Bottom Line | O c t o b e r 2 0 1 4

The AICPA has developed and released its new Financial Reporting Framework for Small and Medium-Sized Entities (FRF for SMEs). The FRF for SMEs is a non-GAAP financial reporting solution that will be an option for millions of America’s private companies. For many smalland medium-sized businesses, preparing financial statements using the special purpose framework, FRF for SMEs, may provide an alternative to the complexity of U.S. GAAP. This course will provide you with a comprehensive review of FRF for SMEs including examples, illustrations, and hands-on application exercises to help you understand and apply the new framework. A disclosure outline (checklist) for use in preparing and reporting on FRF for SMEs financial statements is also included. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

NEW! Staff Training Level II (ASE2)

Oct. 27 - 28 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Anne Marchetti, President, Account-Ability Consulting

Designed for staff wanting to take on a greater level of responsibility on engagements, Level 2 discusses the planning of more complex, riskier audit areas and the supervision of engagements. Take an in-depth look at understanding the entity and assessing risk and internal control design; use of confirmations and sampling methods to gather audit evidence; auditing accounts receivable; auditing inventory, including what to do before and after the inventory observation; workpaper review; and styles of supervision. The Audit Staff Essentials courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work through additional areas more independently. Fee: $549 member/$599 nonmember $30 AICPA member discount $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 16 hours Developed by: AICPA

Annual Update for Accountants & Auditors (AUAA2)

Oct. 28 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Rothschild Joann Cross, CPA, Ph.D., CMA, CGFM, CGMA, Professor, University of Wisconsin-Oshkosh Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers all the relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, review, and compilation arenas. Let us sort through all of the complexities and help

you identify and apply recently issued FASB and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on all of the topics impacting the profession. Don’t get left behind! Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials Level of knowledge: Update CPE credit: 8 hours Developed by: AICPA

NEW! FASB Review: Common GAAP Issues Impacting All CPAs (FRU) Oct. 29 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Michael Hamilton, CPA, ABV, CFF, CTP, Senior Vice President, Powerlink Transmission Company Are you looking for a review and update of common GAAP issues important to all CPAs? This broad-ranging course covers FASB accounting and reporting developments and other authoritative guidance that applies to all companies. Emphasizing financial statement disclosures in addition to accounting methods, this course presents implementation guidelines and disclosure illustrations from actual financial statements. Review reporting standards for the balance sheet, income statement, and statement of cash flows to gain understanding of the FASB standards that have the greatest impact on accounting and financial reporting. Fee: $389 member/$439 nonmember $30 AICPA member discount

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GoneGreen!

seminars | www.wicpa.org/register ]

NEW! The WICPA has gone completely green for all seminars and conferences! Materials will be emailed to registrants in PDF format.

$20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: AICPA

Exploring the Updated Internal Control Framework: Critical Concepts in Design, Evaluation, Implementation & Monitoring (UICF)

James K. Myers, CPA, Instructor, Surgent McCoy CPE, LLC Technological advances, increased regulatory scrutiny, globalization, and other challenges have caused entities and auditors to struggle with proper consideration of the cost-benefit of internal controls, recognizing that a well-designed system does not have to prevent or detect all internal control deficiencies just ones that matter most to the entity’s objectives. This course provides practical guidance on what a sound system of internal controls looks like and its impact on the financial statement audit, particularly for smaller entities. Fee: $399 member/$449 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

NEW! Accounting & Auditing Update for Tax Practitioners (AAUP) Oct. 31 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha James K. Myers, CPA, Instructor, Surgent McCoy CPE, LLC

Since for many tax practitioners, compilation and review engagements also make up a substantial part of their overall professional practice, this course reviews the authoritative standards and guidance for performing and reporting on compilation and review engagements found in SSARS No. 19, Compilation and Review Engagements. The course utilizes hands-on examples and illustrations to increase your overall understanding and application of the material. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

OCBOA: Preparing & Reporting on Cash, Modified Cash & Tax Basis Financial Statements (CMCT) Nov. 5 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha James E. Guzewich, MS, CPA, Consultant, Loomis & Co. For many businesses, preparing financial statements using a special purpose framework (the

new terminology for OCBOA) may provide an alternative to the complexity of U.S. GAAP. This course will provide you with a comprehensive review and hands-on application for preparing and reporting on Special Purpose Framework (SPF) financial statements. You will learn the unique measurement and disclosure requirements of various SPF options using example financial statements and illustrative disclosures. The course will also guide you through SPF engagements from acceptance and planning to reporting, highlighting common practice issues. You will also be introduced to the AICPA’s new SPF for Small and Medium-Sized Entities FRF for SMEs. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

NEW! GAAS From A to Z (GAAS)

Nov. 12 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha William I. Eskin, CPA, President, William I. Eskin, CPA While Generally Accepted Auditing Standards (GAAS) were clarified, they were not condensed. In fact, in arriving at and providing an opinion on the financial statements, auditors follow approximately 1,000 pages of standards! It takes a great deal of effort and energy to keep up with the current requirements. Designed for everyone in the firm, this course will replenish your tank with an understanding of GAAS needed to fuel highperformance audits under today’s

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Oct. 30 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Crowne Plaza, Madison

Designed for all tax practitioners, this course will replenish your accounting and reporting tank with an update of recent standard setting activities at the PCC, FASB, ASB and ARSC. This course will also bring you up-todate on the FASB’s new Private Company Decision-Making Framework and the AICPA’s new special purpose framework, Financial Reporting Framework for Small and Medium-Sized Entities (FRF for SMEs).

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seminars | program descriptions ]

Accounting & Auditing standards. The course materials utilize a highly illustrative format to increase concept comprehension and retention. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 12 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC 40 The Bottom Line | O c t o b e r 2 0 1 4

Construction Contractors: Critical Accounting, Auditing & Tax Issues in Today’s Environment (CONS) Nov. 13 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha William I. Eskin, CPA, President, William I. Eskin, CPA Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more dangerous than most lines of businesses due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex, and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit, and we will discuss key areas of tax compliance concentrating on those areas which make construction unique. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 13

Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Advanced Auditing of HUD-Assisted Projects (EO-AHUD)

Nov. 17 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Peter B. Bell, CPA, CGFM, Owner, Peter B. Bell, CPA Gain important insights into compliance pitfalls for HUD-assisted housing owners and managers. Learn to recognize and apply the latest changes in the federally-assisted housing industry and efficiently plan, perform, and report a HUD-assisted engagement. Uncover the effects of OMB Circular A-133 on HUD-assisted not-for-profit entities. Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 17 Level of knowledge: Advanced CPE credit: 8 hours Developed by: AICPA

NEW! Staff Training Level III (ASE3)

Nov. 18 - 19 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Thomas Newell, CPA, Shareholder, Newell and Newell, P.C. This level of training identifies the more difficult areas for experienced auditors. We will focus on understanding business strategies; analyzing your client’s competitive position; audit analysis and business advice; auditing estimates and subjective accounting information;

contingent liabilities; revenue recognition; and fair value measurement. This level will give staff the confidence necessary to begin assuming client and engagement management responsibilities. Fee: $549 member/$599 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 18 Level of knowledge: Intermediate CPE credit: 16 hours Developed by: AICPA

NEW! Forensic Accounting: Uncovering Schemes & Scams (CL4FAFR) Nov. 19 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group Are you prepared for the increasing demand for forensic accountants and forensic accounting procedures to detect and prevent fraudulent financial reporting? As the focus on fraud discovery and deterrence rises, accountants must hone their skills to recognize fraudulent or deceptive practices and build their knowledge to redesign internal controls to prevent misappropriation of assets. Maintaining these valuable abilities is easier said than done. This course enables you to learn investigative techniques to uncover fraudulent scams and schemes and to sharpen your forensic skills. Don’t wait to learn and practice these critical forensic competences!

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Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: AICPA

NEW! Fraud & Cash Receipts: Common Frauds & Internal Controls (CL4RCR) Nov. 19 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraud. All too often, a “one-size-fits-all” system is put in place without considering the uniqueness of each entity. It is crucial that an internal control system is tailored so that the areas of greatest risk receive the most attention. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

NEW! Special Purpose Frameworks: Alternatives to GAAP (CL4CTB) Nov. 20 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group Alternatives to GAAP can be more

useful, relevant, consistent, and cost-effective for countless nonSEC registered businesses. This course provides the practical information you need to prepare financial statements presented in accordance with a Special Purpose Framework (SPF) [previously known as other comprehensive basis of accounting (OCBOA)]. SPFs discussed include the cash basis, modified cash basis, income tax basis, and AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

NEW! Statement of Cash Flows: Preparation, Presentation & Use (CL4FCFS) Nov. 20 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group Top off your knowledge of the statement of cash flows. Review statement of cash flows preparation and presentation options and improve cash flow analysis. Explore the requirements of the statement of cash flows guidance and related standards, and learn how to make appropriate classifications of transactions and events. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

Audits of 401(k) Plans (AFKP) June 18, 2015 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Joann Cross, CPA, Ph.D., CMA, CGFM, CGMA, Professor, University of Wisconsin-Oshkosh 401(k) plans are a popular option for employee benefit plans, so you must have the proper skills to audit these plans effectively. Every aspect of how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements is covered in this course. Tap into ways to plan and conduct 401(k) audits more efficiently and effectively, and understand the differences between 401(k) audits and other employee benefit plan audits. Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by May 18 Level of knowledge: Beginning CPE credit: 8 hours Developed by: AICPA

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Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group

seminars | www.wicpa.org/register ]

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seminars | program descriptions ]

Government/Not-for-Profit Studies on Single Audit & Yellow Book Deficiencies (SAYB)

Our early birds get more than just a worm.

The Bottom Line | O c t o b e r 2 0 1 4

See specific event registration for details, or call and ask for the WICPA CPE Department at

800-772-6939.

Save up to

when you register by the early bird deadline for WICPA conferences and seminars. What’s more, every registrant from your company receives the discounted early bird rate.

Oct. 14 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly Virchow Krause LLP, Madison John D’Amico, CPA, Director, Loeb & Troper LLP The AICPA Professional Ethics Division, Most Frequent Violations of Professional Standards Government and Not-for-Profit Investigation, reveals significant issues in single audit issues, auditor’s reporting, audit procedures and financial statement deficiencies. In this course, learn how to avoid common Single Audit and Yellow Book audit deficiencies using simulated case studies and practice exercises with lessons for today’s issues. Avoid common mistakes and recognize the deficiencies before it’s too late. Fee: $399 member/$449 nonmember $30 AICPA member discount $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: AICPA

Advanced OMB Circular A-133 Issues (AOMB) Nov. 11 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Bob Rawles, CPA, Senior Manager, Moss Adams LLP Be prepared for difficult OMB Circular A-133 audit areas before they happen rather than reviewing them after the fact. Learn how to carry the weighty responsibilities of

planning, directing, and reporting on a single audit engagement, with an emphasis on the advanced topics that require particular attention. This course gives you insights into key issues that are not covered by other courses. In a newly developed format for this year, this course provides various critical and pertinent topical areas including the status of proposed changes, AU-C 935 Compliance Audits, advanced issues in the determination of major programs, Schedule of Expenditures of Federal Awards, obtaining an understanding of and characteristics of internal control, the Compliance Supplement and PCIE Report on National Single Audit Sampling Project. Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 11 Level of knowledge: Advanced CPE credit: 8 hours Developed by: AICPA

Auditing Not-for-Profit Entities: Superior Skills for an Effective & Efficient Audit (ANFP) Nov. 17 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Onalaska William C. Wagner, CPA, Sole Practitioner, William C. Wagner, CPA It’s been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities.

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GoneGreen!

seminars | www.wicpa.org/register ]

NEW! The WICPA has gone completely green for all seminars and conferences! Materials will be emailed to registrants in PDF format.

You cannot apply a standard commercial audit approach to the audit of a not-for-profit entity and expect a good fit. Skilled auditors will instead adjust and hone the audit approach to fit the not-for-profit entity. This course is designed to help you obtain the superior skills needed to audit not-for-profit entities. The course materials use a highly illustrative format to increase concept comprehension and retention.

Latest Developments in Nonprofit Accounting & Auditing 2014 (NPAA) Nov. 18 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Rothschild William C. Wagner, CPA, Sole Practitioner, William C. Wagner, CPA With four active standard setters (GAO, OMB, AICPA and FASB), there are always important developments occurring in nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Save time and effort in staying current through this informative update. This course will enable you to excel in the constantly changing nonprofit environment. The course materials use a highly-illustrative format to increase concept comprehension and retention.

Yellow Book: Government Auditing Standards (EOYB) Dec. 2 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha David Mosley, CPA, President, Mosley Consulting LLC Do you perform engagements in accordance with the Yellow Book? This course provides an excellent baseline of information to accountants in understanding governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, field work standards, and reporting standards for performance audits. It’s essential that all auditors planning and conducting audits in accordance with with Government Auditing Standards understand, and discern these concepts and standards in executing their responsibilities. Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 2 Level of knowledge: Beginning CPE credit: 8 hours Developed by: AICPA

Not-for-Profit Accounting & Reporting: From Start to Finish (NPAR) Feb. 3 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Elizabeth Woodson, CPA, CEO, Accounting Business Systems, Inc. Rather than training to run part of the race, train to run the entire race from start to finish. This course trains you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and finish first by providing a financial picture that end users can truly understand. Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Jan. 3 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: AICPA

43 The Bottom Line | O c t o b e r 2 0 1 4

Fee: $399 member/$449 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 17 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Fee: $399 member/$449 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 18 Level of knowledge: Update CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

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Management & Emerging Professionals

Advanced Controller & CFO Skills (ACCS) Oct. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha James Lindell, CPA, MBA, President, Thorsten Consulting Group, Inc.

44 The Bottom Line | O c t o b e r 2 0 1 4

This course examines best practices of leading-edge controllers and CFOs. Demonstrate your advanced skills that add value and contribute to the success of the organization. Learn 10 specific skills every CFO or controller needs to be successful, and you will find that you suddenly have more power and influence than you ever thought possible. Show the company’s leadership how vital you are to their profitability! Fee: $389 member/$439 nonmember $30 AICPA member discount $20 additional for hard copy materials Level of knowledge: Advanced CPE credit: 8 hours Developed by: AICPA

Critical Thinking Skills (CTS) Oct. 27 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha Dan Chenoweth, MBA, CPA, President, Chenoweth & Associates “What were they thinking?” Why do business leaders sometimes make decisions that severely damage themselves and their organizations? It’s tempting to assume a poor choice of action must have been due to a leader’s incompetence, inexperience, bad character, or low intelligence — but reality is much more complex. Choose this seminar to understand why common and easily attributed factors generally aren’t the true cause when leaders and organizations

blunder. In the aftermath of bad business decisions, many turn to finance and accounting professionals for evaluation, answers, remedies, and solutions. This seminar provides conceptual and case study material to better equip you for the challenge. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: Executive Education

Financial Analysis in a Metrics Driven World (FAMD) Oct. 27 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Dan Chenoweth, MBA, CPA, President, Chenoweth & Associates Financial ratios are an old-fashioned financial analysis tool. Learn to better analyze your company’s performance by combining both financial and non-financial data. This session gives you the opportunity to collaborate with other professionals in a hands-on, interactive setting. This is not your father’s financial analysis! Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: Executive Education

NEW! Annual Financial Management Spotlight (AFMS) Oct. 28 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Dan Chenoweth, MBA, CPA, President, Chenoweth & Associates This course places a spotlight on ethical leadership, including

why ethics and trust require one another, why trustworthy leadership matters so much to sustainability and the bottom line, and current real-life cases illustrating today’s trust crisis in business leadership. Learn about risk management which includes what the profession’s risk management standards say, finance’s risk management responsibilities, and what risk is insufficient or excessive. Other topics include private company accounting and crowd funding. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Sept. 28 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Executive Education

NEW! Finance & Innovation (FI) Dec. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Virgie M. Ammerman, MBA, CPA, CITP, President, 180 Medical Billing Services Innovation drives economic growth. The key to reigniting the American economy is reigniting innovation. Innovation can be fostered, nurtured, encouraged and sustained by our companies and organizations. Management can create organizations that thrive on innovation or kill new ideas. Financial managers can help develop and maintain management practices that nurture innovation or finance can just maintain the status quo. Innovation can thrive in “skunkworks,” but it is also fostered through systems that measure report and manage innovation. Financial managers need to measure innovation metrics and report on innovation efforts.

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seminars | www.wicpa.org/register ]

Management & Emerging Professionals Innovation is not solely the purview of marketing, sales, service or production. Truly innovative finance professionals use technology and other simple techniques to provide new and more meaningful and actionable information to all employees.

NEW! Controller’s Update: Today’s Latest Trends (CL4SKSB) Feb. 11 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha Ron Rael, CEO & Founder, The High Road™ Institute Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. Learn leading-edge topics in managerial accounting and finance in a session packed with useful tips and practical guidance that you can apply immediately. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Update CPE credit: 4 hours Developed by: AICPA

NEW! Critical Skills for Budgeting Success (CL4CSCB) Feb. 11 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Ron Rael, CEO & Founder, The High Road™ Institute

Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: AICPA

NEW! Analyzing a Company’s Financial Statement (CL4FSABM) Feb. 12 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha Ron Rael, CEO & Founder, The High Road™ Institute More and more, clients are turning to you for advice on financial performance. Are you ready? This course presents the financial statements as a set of dynamic instruments that can be used for accurate, relevant and timely financial decisions. Focus on the economic and financial conditions that caused the statements to change and discover how businesses can manage liquidity, debt and profitability. Plus, explore effect ratios, causal ratios, pro forma analysis, sustainable growth and much more. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

NEW! Risk, Cost & Cash Management for Controllers & Financial Managers (CL4TKBP) Feb. 12 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Ron Rael, CEO & Founder, The High Road™ Institute When an organization fails, it’s usually due to several factors. These often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk and tunnel vision by management. Often, management repeat poor practices across the enterprise. For example, do you think a so-called “budgeting crisis” is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process? This course demonstrates the use of practices and techniques specifically designed to assist CPAs and other financial professionals in adding value to their company through improved decision-making, cost management, understanding business cycles, managing continuous improvements, cash management and risk management. Examples of actions by both successful and failed organizations are used throughout the session. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: AICPA

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Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 16 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Executive Education

Budgeting is both an art and a science. Learn how to apply leading-edge tools and methods to make your planning process more strategic and your budget process more flexible. Your budget should not lead to “turf wars” over precious and scarce resources. Experience how to build a set of decision-making processes early on and how to use them to make smart resource allocation choices that benefit your entire organization. Explore ways to have your planning and budgeting process work to increase the potential for higher earnings.

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seminars | program descriptions ]

Taxation

Staff Training Level III: Advanced Issues (TSTA)

Our early birds get more than just a worm.

The Bottom Line | O c t o b e r 2 0 1 4 See specific event registration for details, or call and ask for the WICPA CPE Department at

800-772-6939.

Save up to

when you register by the early bird deadline for WICPA conferences and seminars. What’s more, every registrant from your company receives the discounted early bird rate.

Oct. 13 - 14 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Don Paul Cochran, J.D., CPA, CFP, Sole Practitioner & CoOwner, Nichols Patrick CPE, Inc. Designed for the accountant with more than two seasons of tax experience who is ready to take more responsibility for providing and supervising tax services to clients, this program includes income taxation of estates and trusts, special rules affecting controlled groups, and transfers of partnership interests. Program participants will learn how to comply with professional standards, prepare written tax advice, represent clients before the IRS, and produce quality tax research using Code, Regulations, IRS Published Guidance, Committee Reports and case law. Fee: $549 member/$599 nonmember $20 additional for hard copy materials Level of knowledge: Advanced CPE credit: 16 hours Developed by: Nichols Patrick CPE, Inc.

IRS Practice & Procedure: Audits, Appeals, Assessment, Settlement & Collection (IPP) Oct. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Don Paul Cochran, J.D., CPA, CFP, Sole Practitioner & CoOwner, Nichols Patrick CPE, Inc. Beginning in 2012, IRS compliance initiatives will target highincome individuals, pass-through

entities, and exempt organizations (including qualified plans). Other compliance programs focus on specific industries and issues. Be prepared! Learn how the IRS’s examination process works, how to present issues to the Appeals Division, and options for paying deficiencies. This program covers everything from the initial examination notice to submission of an Offer in Compromise. Learn when “Innocent Spouse” relief might be available, when automatic installment payments might be available, how the IRS’s own Audit Technique Guides can help you, and other IRS collection and audit procedures. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Nichols Patrick CPE, Inc.

NEW! Current Federal Tax Developments (CFTD) Oct. 17 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Don Paul Cochran, J.D., CPA, CFP, Sole Practitioner & Co-Owner, Nichols Patrick CPE, Inc. For any tax advisor, this fast-paced one-day course covers, in plain English, the latest developments in federal taxation, updated biweekly, with emphasis on real world applications. Current Federal Tax Developments is always applauded for its relevance and coverage of practical issues. Emphasis on current issues, planning, and strategy keeps participants interested all day. Learn how to avoid penalties, how to use IRS FAQ to answer tough questions

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GoneGreen!

seminars | www.wicpa.org/register ]

NEW! The WICPA has gone completely green for all seminars and conferences! Materials will be emailed to registrants in PDF format.

relating to new laws, how to plan for the new Medicare Tax and other tax provisions in the Affordable Care Act, how to change more than 150 accounting methods automatically with no user fee, and much more. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Update CPE credit: 8 hours Developed by: Nichols Patrick CPE, Inc.

Oct. 22 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Onalaska Don Paul Cochran, J.D., CPA, CFP, Sole Practitioner & Co-Owner, Nichols Patrick CPE, Inc. Is an expenditure associated with tangible property deductible or must it be capitalized? Learn new rules for treatment of amounts paid to acquire, produce, repair, or improve tangible property and proper accounting for dispositions of property subject to depreciation. The new regulations provide objective standards and brightline rules intended to simplify compliance with the capitalization provisions contained in section 263(a) of the Internal Revenue Code. This program provides comprehensive analysis of the new rules, and an explanation of how your clients might benefit from some automatic changes in accounting methods. From repair of a machine in a factory to acquisition of an apartment building, property transactions are affected by these new rules. Fee: $399 member/$449 nonmember $20 additional for hard copy materials

Level of knowledge: Update CPE credit: 8 hours Developed by: Nichols Patrick CPE, Inc.

Included is a practical, 300-plus page manual, an excellent reference source for your practice.

Estate & Life Planning Issues for the MiddleIncome Client (PMIC)

Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Oct. 28 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Onalaska Scott Emerson, EA, Sole Practitioner, Instructor, Surgent McCoy CPE, 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 CPAs who work with middleincome clients and are looking for ways to provide additional quality services. Fee: $399 member/$449 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Fiduciary Income Tax Returns: Form 1041 Workshop (1041) Oct. 29 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Scott Emerson, EA, Sole Practitioner, Instructor, Surgent McCoy CPE, LLC As income tax rates rise on estates, trusts, and their beneficiaries, consideration of the income tax effects becomes more critical. This course will define the complicated income tax rules of estates and trusts, fiduciary accounting, and provide an introduction or refresher of how to prepare Form 1041.

Form 990: A Comprehensive Approach to Accurate Preparation (EO-F990) Oct. 29 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly Virchow Krause, LLP, Madison Robert Lyons, CPA, Managing Tax Director, MP&S Discover the tax information and understanding of not-for-profit organization issues you need to prepare the current Form 990. This course will cover the numerous tax reporting demands the 990 imposes, including how to respond to its inquiries. Participants will gain the tax knowledge necessary both to complete Form 990 properly and advise exempt clients on the form’s complexities and demands. Fee: $399 member/$449 nonmember $30 AICPA member discount $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: AICPA

The Best Individual Income Tax Update Course by Surgent McCoy (BITU) Nov. 3 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Pamela J. Davis-Vaughn, CPA, President, Pamela J. Davis-Vaughn, CPA

47 The Bottom Line | O c t o b e r 2 0 1 4

New “Repair Regs” Sec. 263(a) (NRR)

Taxation

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Taxation

48 The Bottom Line | O c t o b e r 2 0 1 4

This year’s significant changes to the tax environment require sound planning in 2014 for individual clients to respond effectively. This highly informative course responds to the latest in tax law developments, including discussions of the planning opportunities available to your individual tax clients. This up-todate knowledge will enable you to further discuss new developments and tax-saving ideas applicable to your clients and their growing needs in light of post-election developments. Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Update CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

The Complete Guide to Payroll Taxes & 1099 Issues (CGPT)

Nov. 4 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha James E. Guzewich, MS, CPA, Consultant, Loomis & Co. Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business, and IRS penalties for noncompliance have risen dramatically in recent years. They have also been subject to employer incentives. The IRS has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes, Form 1099 and related compliance issues.

Fee: $389 member/$439 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Surgent’s Comprehensive Guide to Tax Depreciation, Amortization & Property Transactions from Acquisition to Exchange or Disposition (TDAP) Nov. 4 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Crowne Plaza, Madison Pamela J. Davis-Vaughn, CPA, President, Pamela J. Davis-Vaughn, CPA Seemingly every year, economic stimulus packages drastically change depreciation rules. This course will provide an updated in-depth analysis of the complex maze of rules dealing with depreciation, amortization, and sale of property, with an emphasis on identifying special planning opportunities and pitfalls. A reference manual contains many examples and cases to illustrate the most important points CPAs need to know. Fee: $399 member/$449 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

NEW! Hot Tax Planning Developments Under the Current Tax Law (CL4HOT) Nov. 6 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha William Marutzky, LLM, J.D., MS, CPA, CFE, Attorney, Querrey & Harrow, Ltd.

Are you up-to-date on the latest tax planning developments for 2014? This course explores the hottest tax planning topics that will impact you and your clients. Discover how these topics may impact tax planning strategies and be in a position to help minimize your client’s tax bill. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: AICPA

NEW! Key S Corporation Tax Strategies & Compliance Issues (CL4SCORP) Nov. 6 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha William Marutzky, LLM, J.D., MS, CPA, CFE, Attorney, Querrey & Harrow, Ltd. Get the knowledge you need to speak effectively to new and current clients about how you can make the S corporation business model work for them. Be prepared to explain the benefits and drawbacks of electing S corporation status and why more business taxpayers favor the pass-through entity over the C corporation. Discuss the most misunderstood areas of S corporation taxation and how businesses and shareholders can use S corps to their advantage. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

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Taxation

NEW! Cancellation of Debt for Individuals & Businesses (CL4CDIB) Nov. 7 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha William Marutzky, LLM, J.D., MS, CPA, CFE, Attorney, Querrey & Harrow, Ltd.

Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: AICPA

NEW! Estates & Trusts: Mastering Complex Income Tax Issues (CL4ITET) Nov. 7 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha William Marutzky, LLM, J.D., MS, CPA, CFE, Attorney, Querrey & Harrow, Ltd.

Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Beginning CPE credit: 4 hours Developed by: AICPA

tax liability and negotiating the treacherous waters of compliance. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 20 Level of knowledge: Update CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Choosing the Best Entity Structure Under the Tax Law in 2014 (CBES) Nov. 21 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly Virchow Krause, LLP, Appleton

Surgent’s Multistate Tax Update (MSTU)

John L. Evanich, CPA, Tax Partner, CohnReznick LLP

Nov. 20 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Training Center, Waukesha

Tax rates are always an important factor in choosing the form of business organization, and the individual and corporate rates in 2014 and beyond demand a reconsideration of current businesses and a different analysis for new ventures. By comparing and contrasting the tax aspects of C corporations, S corporations, partnerships, sole proprietorships and limited liability companies, this course focuses on distinctions that can make big differences. This in-depth course will cover planning opportunities and potential pitfalls in developing a business structure. This course is a must for all practitioners.

John L. Evanich, CPA, Tax Partner, CohnReznick LLP You can’t afford to ignore recent changes in state and local tax. Even tax-savvy businesses and their advisers often neglect to consider the consequences of state and local taxes. Multistate taxation has become more complex and demanding than ever before. In addition to having their own unique tax laws, states have been more focused on enforcement. Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues confronting small and middlemarket companies and offer practical guidance for minimizing

Fee: $399 member/$449 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 21 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

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Many clients have probably come to you in recent months with an assortment of issues related to foreclosures, short sales and restructured debt. Are you ready to help them and provide solutions? This example-heavy course explores the multifaceted topic of cancellation of debt for individuals and businesses. Topics discussed include proper treatment and reporting of foreclosures, short-sales, income reported on forms 1099-C and 1099-A, and preparation of Form 982 among others. Income exclusions related to qualified principal residence indebtedness, qualified real property business indebtedness, bankruptcy and insolvency will be reviewed with real-life examples.

Protect your clients’ assets and shield their estates from increased taxation brought about by the changing tax code. Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms.

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Taxation

Surgent’s Federal Tax Camp (SATC)

Dec. 1 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. The Radisson Hotel, Green Bay John N. Sherrick, MS, CPA, Tax Partner, Sitrick & Associates, LLC

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Both businesses and individual clients will be affected by all of the tax changes that require the tax advisor to engage in extensive tax planning. Not only will you be updated on the most important tax issues that require your attention, but this course will also review the major trends and changes in the case and regulatory law. Included is full coverage of all tax changes together with continuing coverage of health care and any estate and gift tax reform. Fee: $399 member/$449 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 1 Level of knowledge: Update CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

2014 Corporate Income Tax Workshop (CITW) Dec. 1 – 2 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Douglas Stives, CPA, MBA, Professor, Monmouth University Originally written by Sid Kess and now led by AICPA’s top tax instructors, this course will give you an advantage with our unique perspective on the latest tax changes. Look at the most recent tax laws and other developments affecting C corporation, S corporations, and other business

entities, including limited liability companies. Learn how to advise clients and employees on the latest tax — planning ideas. Share marketing ideas from top practitioners — based on the latest tax strategies. In addition, practical, real-life exercises will help you apply what you’ve learned from this comprehensive course.

NEW! Getting More Active With the Passive Activity Rules & the New Net Investment Income Tax (PAIT)

Fee: $549 member/$599 nonmember $30 AICPA member discount $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 1 Level of knowledge: Intermediate CPE credit: 16 hours Developed by: AICPA

Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, even if they make a profit or a loss, because of the new net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules and will now expand their investigation to include the new NII tax.

NEW! Obamacare & Fringe Benefits: 2014 & Beyond (OBCR)

Dec. 8 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Training Center, Waukesha Steven B. Wagner, CPA, Principal, Froehling Anderson 2014 is a critical year for business owners and employees in determining their health insurance options and costs and in structuring their fringe benefit programs. This course will focus on the key issues and planning strategies that CPAs and other tax practitioners need to know in order to advise their clients regarding this far-reaching legislation. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 8 Level of knowledge: Update CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Dec. 9 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Training Center, Waukesha Steven B. Wagner, CPA, Principal, Froehling Anderson

Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 9 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

New “Repair Regs” Sec. 263(a) (NRR2) Dec. 9 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Randy C. Newton, CPA, President & Founder, NewtonCPA, PLLC Is an expenditure associated with tangible property deductible or must it be capitalized? Learn new rules for treatment of amounts paid to acquire, produce, repair,

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Taxation

Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 9 Level of knowledge: Update CPE credit: 8 hours Developed by: Nichols Patrick CPE, Inc.

Tax Staff Training Level II: Business (TSTB) Dec. 10 - 11 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Randy C. Newton, CPA, President & Founder, NewtonCPA, PLLC Designed as practical “next-step” training for the accountant who has one or two tax seasons’ experience and is expected to accept additional responsibility and work on more complex assignments, this course introduces the participant to business income tax returns and tax issues commonly encountered in operating businesses. The case study shows participant how to summarize and organize

information from trial balance, make entries required for tax reporting and actually prepare tax returns. Participants will also be introduced to tax practice ethics (Circular 230), basic tax research techniques, and common sources of authority for tax return positions. Fee: $549 member/$599 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 10 Level of knowledge: Intermediate CPE credit: 16 hours Developed by: Nichols Patrick CPE, Inc.

Surgent’s Handbook for Mastering Basis, Distributions & Loss Limitation Issues for S Corporations, LLCs & Partnerships (HMBI) Dec. 15 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Ian Redpath, J.D., LLM, Tax Attorney The most difficult concepts to master when dealing with flowthrough 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. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 15 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

Tax Advisors Update (PTU) (PTU2)

Dec. 15 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Onalaska Dec. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Brookfield Suites, Brookfield Andy Biebl, CPA, Partner, CliftonLarsonAllen LLP Benefit from the perspective of CliftonLarsonAllen’s expert CPE authors and instructors. This popular course, featuring tax experts Andy Biebl and Chris Hesse, keeps you up to date on the latest tax developments affecting your clients’ personal and business income taxes. Attend this information-packed session, and leave with practical tools, strategies and insights to serve your clients well. Fee: $409 member/$459 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid 30 days prior to the program Level of knowledge: Update CPE credit: 8 hours Developed by: CliftonLarsonAllen LLP This program is approved for 7.5 CLE hours.

Hot IRS Tax Examination Issues for Individuals & Businesses (EXIB) Dec. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Ian Redpath, J.D., LLM, Tax Attorney Recently, the IRS has dramatically ramped-up its examination of individuals and small business

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or improve tangible property and proper accounting for dispositions of property subject to depreciation. The new regulations provide objective standards and brightline rules intended to simplify compliance with the capitalization provisions contained in section 263(a) of the Internal Revenue Code. This program provides comprehensive analysis of the new rules, and an explanation of how your clients might benefit from some automatic changes in accounting methods. From repair of a machine in a factory to acquisition of an apartment building, property transactions are affected by these new rules.

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taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

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Preparing Individual Tax Returns for New Staff & Paraprofessionals (PITR)

you have aN aNNual CPe requiremeNt?

for more iNfo, visit wiCPa.org/CPe

Jan. 8 | Registration 8 a.m. Program 8:30 a.m. â&#x20AC;&#x201C; 4 p.m. WICPA Professional Development Center, Waukesha William H. Allen Jr., MBA, CPA, Ph.D., Owner, Allen & Associates, CPA The purpose of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare a complicated federal individual income tax return. Over the years, thousands of new staff have received practical, hands-on experience to become familiar with tax forms. This course covers the latest tax law changes, making it essential for your new staff. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Dec. 8

Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

The Complete Guide to Preparing Limited Liability Company, Partnership & S Corporation Federal Income Tax Returns (PLPS) Jan. 9 | Registration 8 a.m. Program 8:30 a.m. â&#x20AC;&#x201C; 4 p.m. WICPA Professional Development Center, Waukesha William H. Allen Jr., MBA, CPA, Ph.D., Owner, Allen & Associates, CPA This course will enable the practitioner to learn in one day how to prepare S corporation, LLC and partnership tax returns. The course focuses on an identical trialbalance-to-completed-tax-return case study prepared on both Form 1120S and Form 1065, allowing one to explore the similarities and differences of these popular entity structures. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Dec. 9 Level of knowledge: Beginning CPE credit: 8 hours Developed by: Surgent McCoy CPE, LLC

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Information Technology

Excel Tips, Tricks & Techniques for Accountants

Thomas G. Stephens Jr., CPA, CITP, Shareholder, K2 Enterprises

(EXL)

QuickBooks remains one of the leading accounting solutions for small and growing businesses and Intuit has added numerous advanced features to the application over the past few releases. Knowing how to take advantage of these tools can determine your level of success when working with QuickBooks.

Oct. 23 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Rothschild William Fleenor, CPA, Ph.D., Shareholder, K2 Enterprises

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Excel is the accountant’s tool of choice for analyzing and reporting financial data, yet most accountants have never received any formal Excel training. As a result, many accountants use time-consuming and error-prone processes to complete everyday tasks. This highly acclaimed course contains hundreds of tips, tricks and techniques to improve your productivity and accuracy. Its content is based on more than 20 years of experience in delivering Excel training to accountants and on feedback from accounting and financial professionals just like you. The course has six major areas of topical coverage: productivity tips and tricks, formatting essentials, customizing Excel, formula-building essentials, three-dimensional workbooks and printing essentials. If you are an Excel user, regardless of your level of experience, and you have never taken a formal Excel training course for accountants, you need this course! Participants will have access to sample data files. Special Pricing! $219 member/ $269 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: K2 Enterprises

NEW! Advanced QuickBooks Tips & Techniques (AQB-4) Oct. 30 | Registration 8 a.m. Program 8:30 a.m. – Noon WICPA Professional Development Center, Waukesha

In this seminar, learn how to take advantage of key features in QuickBooks to solve issues in fields such as financial and operational reporting, inventory management, closing out accounting periods, and integrating QuickBooks with other applications. Take advantage of this opportunity to learn about the “deep” features in QuickBooks so that you maximize your effectiveness with the application. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: K2 Enterprises

NEW! Word, Outlook & PowerPoint: Tips & Tricks for Enhancing Productivity (MOT-4) Oct. 30 | Registration Noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Thomas G. Stephens Jr., CPA, CITP, Shareholder, K2 Enterprises Most likely, you work with Microsoft Office Word, Outlook, and PowerPoint frequently. Yet, you probably have never received any training on how to use these tools to their fullest. In this half-day session, you will learn the best ways to work with Word, Outlook, and PowerPoint, and increase your productivity in the process. Among the topics

covered in this seminar are Styles, Word’s best feature; exporting a Word document to a PowerPoint presentation; how to manage the email avalanche in Outlook and using Office Web Apps, SkyDrive, and SkyDrive Pro to work with your data anytime and anywhere. Do not miss this chance to ramp up your Microsoft Office productivity by learning the best practices for working in Word, Outlook and PowerPoint. Fee: $249 member/$299 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 4 hours Developed by: K2 Enterprises

Excel Tips, Tricks & Techniques for Accountants (EXL2)

Oct. 31 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Thomas G. Stephens Jr., CPA, CITP, Shareholder, K2 Enterprises Excel is the accountant’s tool of choice for analyzing and reporting financial data. Yet, most accountants have never received any formal Excel training. As a result, many accountants use time-consuming and error-prone processes to complete everyday tasks. This highly acclaimed course contains hundreds of tips, tricks and techniques to improve your productivity and accuracy. Its content is based on more than 20 years of experience in delivering Excel training to accountants and on feedback from tens of thousands of accounting and financial professionals just like you. The course has six major areas of topical coverage: productivity tips and tricks, formatting essentials, customizing Excel, formula-building essentials,

[

GoneGreen!

NEW! The WICPA has gone completely green for all seminars and conferences! Materials will be emailed to registrants in PDF format.

three-dimensional workbooks and printing essentials. If you’re an Excel user, regardless of your level of experience, and you have never taken a formal Excel training course for accountants, you need this course! Participants will have access to sample data files.

NEW! Windows 8 & Microsoft Office Symposium (WIN8) Nov. 14 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings This course is designed to be a dynamic day full of learning modules that cover all of the bases of Windows 8 and the new Microsoft Office strategy, which includes the new Office 365 offering and working with Office documents on your iPad. You will leave this event with a solid understanding of what your strategy should be as it relates to the newest generation of Microsoft offerings. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Oct. 14 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: CPA Crossings

NEW! Adobe Acrobat for Accountants From A-Z (AAAZ) Dec. 3 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha

Information Technology

Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings If you find yourself working with PDF files more frequently, you will definitely benefit from this course. Adobe Acrobat is the de facto standard software for creating, viewing, annotating and securing PDF files. Learn all of the features of Adobe Acrobat that will allow you to work with PDF files with maximum efficiency. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 3 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: CPA Crossings

NEW! Transform Your Busy Season With Technology Tools You Already Use! (TYBS) Dec. 18 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings This NEW course is packed with practical “how to” time-saving tips to help make the busiest time of year more productive. Learn how to save 30 minutes each day by incorporating simple time management techniques that are available in the technology tools you use every day: Outlook, Adobe and Excel. This practical, easy to understand, and cost-effective course is a must-have to prepare for the upcoming busy season. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 18 Level of knowledge: Beginning CPE credit: 8 hours Developed by: CPA Crossings

NEW! Excel Bootcamp: Everything You Need to Know to Build Great Spreadsheets (EXBOOT)

Dec. 19 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings According to Professor Raymond R. Panko at the University of Hawaii, “There has long been ample evidence that errors in spreadsheets are pandemic.” Most of these errors are caused by poor spreadsheet design and a lack of knowledge of Excel’s vast array of features and functions. This is because most spreadsheet users learn how to push the buttons instead of learning proper design techniques. This course focuses on developing the attendees skills related to designing spreadsheets more efficiently and with greater accuracy. We will concentrate on features and functions that all CPAs should know and implement in their spreadsheets. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Nov. 19 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: CPA Crossings

NEW! Productivity Tools Symposium: Outlook, Adobe, Word & OneNote (TOOLS) Feb. 16 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings This comprehensive, fast-paced course will be presented in a

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Special Pricing! $219 member/$269 nonmember $20 additional for hard copy materials Level of knowledge: Intermediate CPE credit: 8 hours Developed by: K2 Enterprises

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series of distinct and dynamic learning modules to review and demonstrate the most useful features of each of these powerful applications to improve your personal productivity.

Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Jan. 16 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: CPA Crossings

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NEW! Windows 8 & Microsoft Office Symposium (WIN82) Feb. 17 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Inn, Onalaska Bryan Smith, CPA, CITP, CISA, Co-Owner, CPA Crossings This course is designed to be a dynamic day full of learning modules that cover all of the bases of Windows 8 and the new Microsoft Office strategy, which includes the new Office 365 offering and working with Office documents on your iPad. You will leave this event with a solid understanding of what your strategy should be as it relates to the newest generation of Microsoft offerings. Fee: $399 member/$449 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by Jan. 17 Level of knowledge: Intermediate CPE credit: 8 hours Developed by: CPA Crossings

Advanced Excel (ADE2) April 21 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Brian Tankersley, CPA, CITP, CGMA, Director of Strategic Relationships, K2 Enterprises

Although many accountants consider themselves experts in using Excel, most accountants are self-taught and do not use Excel to its full potential. This course takes experienced, self-taught users to the next level. It provides real world examples developed by accountants for accountants in the following six major topic areas: collaboration and workbook security; using tables to analyze and report data; integrating and manipulating data from external sources; creating and auditing complex formulas; advanced data analysis with subtotals, filters, and PivotTables; and using charts to analyze and communicate information. Its content is based on more than 20 years of experience in delivering Excel training to accountants and on feedback from thousands of accounting and financial professionals just like you. If you use Excel extensively, you need this course! Participants will have access to sample data files. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by March 21 Level of knowledge: Advanced CPE credit: 8 hours Developed by: K2 Enterprises

Excel PivotTables for Accountants (EPT) April 22 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Brian Tankersley, CPA, CITP, CGMA, Director of Strategic Relationships, K2 Enterprises PivotTables are the most powerful feature of Excel, yet few accountants use them in their day-to-day activities. For some, PivotTables are too intimidating;

for others, PivotTables are a foreign concept. With a little information, guidance, and demonstration from the instructor, you will be ready to use PivotTables to accomplish data analysis and reporting. This seminar begins with basic PivotTables and progresses throughout the day to advanced PivotTable topics. Specific topics include how to build basic PivotTables, grouping and ungrouping data, creating calculated items and fields, and drilling down to underlying details. Learn how to build PivotTables consolidated from multiple data ranges and PivotTables dynamically linked to external databases and financial accounting systems in this seminar. Learn how to take advantage of advanced features available in PivotTables, including Slicers and PowerPivot. Course participants have access to all sample data files used in this course, along with supplementary video segments designed to reinforce key learning objectives. Fee: $389 member/$439 nonmember $20 additional for hard copy materials $40 early bird discount if registered and paid by March 22 Level of knowledge: Advanced CPE credit: 8 hours Developed by: K2 Enterprises

CPE FAQs Q. What qualifies toward my CPE credit hours? A. To qualify for CPE credit, a program must be a “formal” program of learning as described in the AICPA’s “Statement on Standards for Continuing Professional Education (CPE) Programs.” Those standards are included as part of the WICPA’s CPE policies. For more information, please visit www.wicpa.org/CPErequirements.

Q. What information or proof do I need to submit?

Q. Is there any advantage to registering early?

Q. What happens if the WICPA cancels a program?

A. Definitely yes! Most seminars are limited in size and registering early will guarantee you the seminars of your choice. Also, the WICPA can avoid having to cancel a course due to insufficient early registrations. Plus, there’s an early bird discount!

A. If a program is canceled fewer than 14 days prior to the presentation date, you will be notified directly by email and will receive a follow-up notification by phone. Full refunds will be granted. If course materials were sent in advance, you must return them to the WICPA to receive a refund. Your early registration can help us avoid canceling a program. NOTE: The WICPA is not responsible for any personal expenses incurred if a course is canceled.

Q. How does the early bird discount work? A. To receive the $40 per person early bird discount for seminars and $30 per person early bird discount for conferences, the following stipulation must be met: Each seminar and conference must be registered for, or postmarked and paid for, by the early bird discount date. Please see individual programs for that date. This early bird discount applies only to full-day seminars and conferences (8 CPE hours or more).

Q. Do I receive other benefits on registration fees as a WICPA member? A. Yes! WICPA members receive a registration fee discount of up to $50, while nonmembers pay the standard registration fee.

Q. What happens if I have to cancel for some reason? A. 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 less than 14 days prior to the presentation date will be subject to a cancellation fee of $100 per person, per eight-hour program and 50% of the fee of a one- to four-hour program. No refund or program transfer requests will be granted for cancellations on the day of, or subsequent to the day of, the program presentation. 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.

Q. What are the CPE requirements for my WICPA membership? A. Non public accounting members have an annual requirement of 15 CPE hours. The WICPA recommends you obtain 30 CPE hours because there is also a three-year reporting requirement of 90 CPE hours.

Public accounting members have an annual requirement of 20 CPE hours. The WICPA recommends you obtain 40 CPE hours because there is also a three-year reporting requirement of 120 CPE hours.

Q. Is the reporting based on a calendar year? A. Yes, CPE reporting is based on attendance from Jan. 1 to Dec. 31. In addition, there’s a general extension until Feb. 28 of the following year to claim credits from the previous year. However, those credits can only be claimed in one of the years, not both.

Q. What are the reporting periods? A. Each member follows the same three-year reporting period. The current three-year reporting cycle is 2014, 2015 and 2016.

Q. What if I join the WICPA in the middle of a reporting cycle? A. There is no CPE requirement for the calendar year in which you join. New members must complete the continuing education requirement for each calendar year thereafter.

A. WICPA members are responsible for documenting their own CPE. They should retain evidence of satisfactory completion for a period of five years after the completion of the educational programs. For each CPE program completed, members should be able to document the following: • Titles and descriptions of content. • Date of each program. • Location where each program occurred. • Number of CPE credit hours.

Q. Do I have to submit this information every year? A. Yes, WICPA members are selected at random for an audit of CPE membership requirements and will be notified to report their continuing education for the reporting cycle.

Q. How can I keep track of my CPE programs? A. A benefit of WICPA membership is the ability to use the My CPE Tracker. This feature will automatically record any WICPA program attended and conveniently has the option to add non-WICPA programs to keep a complete record of CPE credit hours. Visit www.wicpa.org/CPEtracker to get started.

Q. What happens if I do not meet my requirements? A. In the event you don’t complete your CPE requirements by the end of the year, please contact the WICPA CPE Department to request an extension to make up the credits in a reasonable amount of time. However, if you don’t request an extension or fail to meet your CPE requirements within your approved extension period, it will result in the loss of membership with the WICPA. If an unusual circumstance or unforeseen hardship has prevented you from meeting your CPE requirements, you may contact the WICPA CPE Department to request a waiver for the current reporting year. Each waiver request will be reviewed on a case-by-case basis.

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