The WashingtonCPA November/December 2012 by Washington Society of CPAs

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CPA November/December 2012 Volume 55, Number 3

IFRS Taxation Considerations for RDPs CPA License Renewal Reminders

Tax Considerations for Registered Domestic Partners and What Happens if DOMA is Repealed? Is IFRS the New Metric System in the United States? Diversity and the Accounting Profession

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WashingtonCPA November/December 2012

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CONTENTS

wa s h i n g t o n

CPA www.wscpa.org • memberservices@wscpa.org Tel (425) 644-4800 • Toll free in WA (800) 272-8273 Fax (425) 562-8853 902 140th Ave NE Bellevue, WA 98005-3480

BOARD OF DIRECTORS Mary D. Marino Chair Glenn G. Wisegarver Vice Chair Lucy L. Liu Treasurer William A. Simer Secretary Mark A. Hugh Immediate Past Chair Richard E. Jones President & CEO

Peter E. Doubleday Peter R. E. Miller Joyce G. Etheridge David J. Miniken Dean A. Granholm Nerelys M. Ortiz Robert L. Grannum Sharon K. Philpott Waylon P. Jones Andrew L. Read Marinilka B. Kimbro Rosemary Sanchez Karissa A. Lackey David E. Trujillo CHAPTER BOARD CHAIRS Waylon P. Jones Bellevue Area Joseph W. Crowther Central Joseph M. Reid Central — North Seattle Jack W. Curnow Northwest Kathryn A. Dixon Olympia — Peninsula — Pierce County Mary H. Hawkins Sammamish Valley Jeffrey L. May Seattle Rachel T. Sites Snohomish County Michael K. Briggs South King County John Vogel South Sound Industry Matthew E. Lee Southwest Lucas M. Zarecor Spokane — Wenatchee Kyle S. Meissner Yakima

Jeanette Kebede

IFRS • Tax Considerations for RDPs 7

Tax Considerations for Registered Domestic Partners and What Happens if DOMA is Repealed?

12 Is IFRS the New Metric System in the United States?

16 Important License Renewal Reminders 17 Eating Crow ... and Advocacy 18 Professional Conduct: Can You Perform Nonattest Services for an Attest Client and Still Be Independent?

Editor

The WashingtonCPA is published by the Washington Society of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA. The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Washington Society of Certified Public Accountants, its board of directors or staff. The WashingtonCPA (USPS 009754) is published six times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA. Periodicals postage paid at Bellevue, Washington and additional mailing offices.

Diversity and the Accounting Profession

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WashingtonCPA November/December 2012

Leadership lens

Delegation from China Visits WSCPA By Rich Jones, CPA, CGMA, President & CEO

n August the WSCPA was contacted by a representative of Triway International Group (TIG) about the possibility of us hosting a meeting with a business and government group from China. TIG, based in Washington, DC, makes arrangements for Chinese business and government delegations that come to the United States for study purposes and exchange programs. This particular delegation was from the Department of Treaty and Law, Ministry of Finance. Most of the 20 delegates are in charge of making and implementing regulations concerning finance and accounting industries. Their purpose in visiting the WSCPA was to learn about the topics they identified in advance: • • •

•

WSCPA’s nature, mission, organizational structure, and operations; The scale of the CPA industry in Washington State; The structure of the composition of professionals, geographical distribution, and industry development trends; and The examination management and continuous education of CPAs.

Knowing that the public accounting profession is growing very rapidly in China and being aware of the intense competition among various professional designations in China [e.g. US CPA, Chartered Accountant, and ACCA (Association of Chartered Certified Accountants)], we were happy to accommodate them. In talking to TIG, the delegation’s sponsor, we understood that the unique and separate roles of the WSCPA and the Washington State Board of Accountancy (WBOA) were unclear to them, so we invited Rick Sweeney (Executive Director of WBOA), and Don Aubrey (Board Chair of WBOA) to participate in the meeting on September 20 with Kimberly Scott, Hayden Williams and Judy Love from

the WSCPA, and Mary Marino, WSCPA Board Chair. Even though the meeting was held here and not in China, we wanted to make our guests comfortable by respecting their customs, so we did some research. Some

as well. Fortunately that did not come up; perhaps the Chinese delegation had done some protocol research of their own. Because most of the people in the delegation are responsible for oversight of China’s finance and accounting industries,

Delegates from China’s Department of Treaty and Law, Ministry of Finance meet with WSCPA and WBOA representatives September 20 at the WSCPA office. See page 23 for more photos.

of the customs we found amusing—we were not to gesture with our feet or put them on the table; we were not to point or beckon with an index finger; point with an open hand; beckon with palm down, making a scratching type motion with all fingers. Some of them were important to take note of, such as the order in which introductions are made —the most senior first, with the highest ranking or delegation leader entering the room first. Few in the delegation appeared to speak or understand much English, therefore everyone was extremely grateful for the very capable services of local interpreter, Mark Kitabayashi, who in his other life is a realtor in Puyallup and the Washington State Realtors Association representative to the National Realtors’ Association. As the questions and answers flew for over two hours, both groups could only assume that nothing was lost in translation. One common thread, regardless of topic under discussion, was cost: cost of the CPA exam; cost of licensing; cost of WSCPA membership; cost of fines assessed by the WBOA; and amount (if any) of WSCPA investments and |where invested. Because of our advance research this was not a surprise; in fact the WSCPA/WBOA group was prepared for questions about their own compensation

WashingtonCPA November/December 2012

they were highly interested in “crime and punishment,” as WSCPA Chair Mary Marino related to the WSCPA Board of Directors the following day. What kinds of missteps can cause a CPA to be fined or lose a license? How much are the fines? Can someone get a license back if it has been revoked, and if so, how long after it is revoked? Who decides and what is the reinstatement process? Once during the visit a buzz went up around the room, during which “Anderson” was said several times. They wanted to know whatever happened to [Arthur] Anderson. Rick Sweeney was able to tell them that in 2011—nearly 12 years after Enron—the Texas Board finished dealing with the licensees involved, at a cost to the Board of $5 million dollars. Don Aubrey was quick to add the Washington Board tries to keep $2 million in reserves, in case something of such magnitude were to happen here. The WSCPA was pleased to have had the opportunity to take part in a discussion that was valuable to both groups. Over the years we have hosted similar groups from Ukraine and Japan; these exchanges underscore the increasingly global nature of the work CPAs do. You can contact Rich Jones at rjones@ wscpa.org. www.wscpa.org

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WashingtonCPA November/December 2012

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Tax Considerations for RDps

Tax Considerations for Registered Domestic Partners and What Happens if DOMA is Repealed? By Wendy S. Goffe

ncreasingly, American adults reside in a household as members of an unmarried couple. These couples may be heterosexual or homosexual, or they may not be involved romantically in any way, such as in the case of siblings or close friends. Furthermore, these couples may wish to include each other and their respective descendants as part of their estate plans. In the estate planning realm, unmarried couples cannot take advantage of transfer tax marital deductions under Sections 2056 or 2523 of the Internal Revenue Code of 1986 (referred to herein as the “Code” or “I.R.C.”), or gift splitting under I.R.C. §2513. Members of unmarried couples may be subject to gift tax for supporting one another or dividing shared property. The Code essentially treats same-sex spouses as legal strangers. As a result, in many, but not all instances, same-sex couples are able to organize their financial affairs to reduce overall tax liability in ways that opposite-sex couples cannot.

1. Joint Return Filing

The Code provides, in IRC § 6013(a) that, “A husband and wife may make a single return jointly of income taxes under subtitle A.” Until 2010, the IRS’s position regarding registered domestic partner income tax filing was based on Poe v. Seaborn, Poe v. Seaborn, 282 U.S. 101, 51 S.Ct. 58, 75 L.Ed. 239 (1930), which since 1930 continues to be good law. Seaborn allowed spouses to split income between them for income tax purposes, and to split the couple’s community property at death, for estate tax purposes. Important for registered domestic partners is that it also recognized that because state law immediately vests community property in both spouses, treatment of the earner spouse’s income as half owned by the non-earner spouse does not constitute a transfer for gift tax purposes. In fact, some argue that a taxpayer www.wscpa.org

should be able to rely on that case alone to split earned income in a community property state that recognizes domestic partnerships. However, in the Office of Associate Chief Counsel (Income Tax & Accounting) Chief Counsel Advice (“CCA”) 200608038 (Feb. 24, 2006), the Service examined whether California domestic partners must file separate returns and report personal earnings separately, rather than 50% by each member of the couple, as with married couples in community property states. It concluded that Poe v. Seaborn does not apply to a state’s community property law outside

The Code essentially treats same-sex spouses as legal strangers. As a result, in many, but not all instances, same-sex couples are able to organize their financial affairs to reduce overall tax liability in ways that opposite-sex couples cannot. the context of a heterosexual married couple, and domestic partners must file separate returns and report personal earnings separately. Thus it was concluded that Seaborn could not be applied to split earned income, in spite of California’s community property laws applicable to registered domestic partners. In May 2010, the Service issued two rulings dealing with federal gift and income tax issues faced by same-sex couples who are RDPs under California law, reversing its prior position, without revoking CCA 200608038. Also on May 28, 2010, the

Service released PLR 201021048 (May 5, 2010), which is broader than CCA 201021050. These rulings together provide that a taxpayer must report on his individual federal income tax return one-half of the combined income that Taxpayer and Domestic Partner earn from the performance of personal services and one-half of the combined income derived from their community property assets. This applies to tax returns filed for 2007 (the year California extended full community property rights to RDPs) forward and further instructs taxpayers who had filed federal tax returns for 2007, 2008 or 2009 under the previous CCA 200608038 that they may amend their prior year returns, but are not required to do so. A taxpayer is entitled to half of the credits for income tax withholding from the wages of Taxpayer and Domestic Partner. Treas. Reg. § 1.31-1(a) allows prior withholding, but not estimated tax payments, to be split. The requirement to treat earnings as community property, and thus half of Taxpayer’s earnings as vested in his partner, does not result in a transfer of property by Taxpayer to his partner for federal gift tax purposes under § 2501 of the Code. (Emphasis added.) In December 2010, IRS Publication 17 was amended to provide that “[a] registered domestic partner in California, Nevada, or Washington must report half the combined community income earned by the individual and his or her domestic partner.”1 Publication 17 refers the taxpayer to IRS Publication 555, which has also been amended to address the federal tax treatment of income subject to community property laws as applicable to RDPs domiciled in California (for tax years after 2006), Washington (where community property has also applied since June 12, 2008) and Nevada 1 IRS Pub. No. 17, at 5 (rev. Dec. 8, 2010).

WashingtonCPA November/December 2012

Tax Considerations for RDps

(as of 2009), as well as same-sex married couples domiciled in California in a recognized California marriage. A number of issues remain unresolved, including the following: (A) IRC § 1402(a)(5) requires that self-employment tax and the Social Security credits for paying that tax should be assessed solely against the self-employed person. Accordingly, couples in a legally recognized marriage report self-employment income only on the Schedule C and SE of the earning spouse.Yet, RDPs are instructed and same-sex married couples are not recognized as spouses, due to DOMA (the Defense of Marriage Act), to split self-employment income and self-employment income tax. As a result, the self-employed partner, unlike a self-employed spouse, will report and receive credit for only half of his earnings for Social Security purposes. This can result in the self-employed partner receiving less credit for Social Security purposes than a married person would. It can also create a different result concerning selfemployment IRA contributions and health insurance deductions than for married couples. This is based on the conclusion that while spouses are permitted to split self-employment income, this privilege is barred by DOMA. (B) The instructions are silent as to how to treat alimony/maintenance. In California, alimony/ maintenance paid to an RDP is taxable to the recipient and deductible by the payor. But DOMA still prevents the federal government from treating same-sex couples as married, and therefore the federal rules for spousal support has not been amended to apply to same-sex couples. Publication 555 left unanswered how same-sex couples

married in other states with income derived from a community property state may file. Under DOMA, these relationships are not recognized, so it is not clear that these rulings would apply to them. (C) Publication 555 does not distinguish the rights of heterosexual couples registered as domestic partners. (D) Form 1040 does not have a box to check to indicate that a legal relationship exists or that a partner will be filing a return reporting the other half of the earned income not reflected on that return. It is recommended that taxpayers indicate that it is being filed pursuant to CCA 201021050, which raises another issue. The regulations at 31 CFR part 10.51, commonly known as Circular 230, governing the practice of taxpayer representatives before the IRS, have been amended by not adding e-filing to the list of “disreputable conduct.” Anecdotally many tax preparers are continuing to manually file the 1040, along with a Form 8948 (Dec. 2011), “Preparer Explanation for Not Filing Electronically.” (E) There are filing options married couples may take to leave the opportunity open to amend returns at a later date as married filing jointly, if the unconstitutionality of DOMA is finally sorted out before the statute of limitations to amend has run. (1) File protective refund claims. (2) Disclose their position regarding the right to file jointly on Form 8275 (Aug. 2008) or 8275-R (Aug. 2008). (3) Footnote the filing single status on their Forms 1040 with the following: “The taxpayer is legally married under the laws of _______ and is reserving the right to amend the return should federal law recognize

WashingtonCPA November/December 2012

the marriage and the unconstitutionality of Section 3 of DOMA.” (4) File returns as single individuals, and then file an amended joint return based on the laws applicable to heterosexual couples, disclosing that they are a legally married same-sex couple and are making the claim on the basis that Section 3 of DOMA is unconstitutional. Presumably, their refund claim will be denied, but they can then sue for a refund in district court. (F) Notwithstanding the Service’s own pronouncements on the procedure for filing, anecdotally, tax preparers are reporting a number of clients receiving failure to pay, failure to file and estimated payment penalty notices when amended returns showing split earned income are filed. Internal Revenue Manual 21.6.1.4.1. (10-01-2011) (Registered Domestic Partners and Community Property) provides in Section 10 that: “If the taxpayer writes or calls in because they received an incorrect notice about ES penalty assessment when the tax was decreased, abate the penalty and apologize to the taxpayer for the error.”

2. How should unmarried couples plan their estates?

If you’re a member of a couple and you’re not married, it’s important to have an estate plan. The laws governing inheritance, and the taxation of inheritance, are generally designed to benefit married couples. For the most part, unmarried cohabitants don’t have laws governing the division of property if they die without a properly drafted and executed will or estate plan. In Washington, probate—the legal process by which the financial affairs of a deceased person are finalized under the supervision of a state court—is a fairly streamlined and routine process. However, some people seek to avoid probate www.wscpa.org

Tax Considerations for RDps

because biological family members must receive notice of a probate proceeding. For same-sex couples, this could offer an opportunity for family to meddle in their deceased family member’s affairs. Below are basic estate planning areas that same-sex couples should be aware of to avoid problems: (A) A will is a document that directs how property is to be distributed after death. If one dies without a will, assets will be distributed according to state laws. And these laws do not take into account an unmarried partner. Wills for registered domestic partners or partners legally married outside of Washington should be drafted to qualify for the marital deduction, so that if and when that becomes a reality the document will not need to be changed. A gift made in a will to an unmarried partner, especially a same-sex partner, is often subject to being challenged by the deceased’s relatives. Many couples opt to use what is known as a “revocable trust” instead of a will. A revocable trust can be used to transfer assets to a partner outside of probate. Revocable trusts are also useful to manage assets if someone becomes incompetent. (B) A durable power of attorney grants another person, sometimes referred to as an “agent,” the authority to act on the principal’s behalf during the principal’s life, including any periods that the principal is incapacitated to handle financial decisions. More often this includes taking control of digital assets and on-line accounts, which bring with them a whole new set of complications. Generally, the principal executing the durable power of attorney would designate his partner as agent and would designate one or more www.wscpa.org

alternates if the partner is unable or unwilling to serve. This document makes it possible to avoid the need for expensive, cumbersome guardianship proceedings if the principal is disabled. The power to make medical decisions may be included in the durable power of attorney or granted in a separate document, known as a medical power of attorney. A medical power of attorney should specifically grant a partner visitation rights and the power to control other visitors to eliminate visitation by hostile family members.

Advisors must understand the disparities in the law for unmarried couples and must be able to recommend steps to mitigate the lack of parity with married couples. (C) A health care directive, or “living will,” is a legal document authorizing the withdrawal or withholding of hydration and nutrition. Without such a directive, a person’s wishes may not be able to be carried out. Making arrangements for funerals, and burial or cremation is critical for unmarried couples. In the absence of enforceable, written instructions, state law creates a hierarchy of people who have the authority to make these decisions. The unmarried partner of a decedent is not in that hierarchy. Partners should tell each other or trusted friends where to find these instructions. The estate plans of unmarried partners, and partners in marriages that are not legally recognized, need special attention to insure that their objectives are

met with a minimum of income, gift, and estate tax, as well as a minimum of conflict. Unmarried partners need to understand that unlike what is available to married couples, there is no default legal structure in the absence of an estate plan. Advisors must understand the disparities in the law for unmarried couples and must be able to recommend steps to mitigate the lack of parity with married couples.

3. State Registered Domestic Partnerships

Washington’s State Legislature first approved domestic partnerships in 2007. In 2009 they broadened the rights and responsibilities of registered domestic partnership to include “everything but marriage.” Under current law, to enter into a state registered domestic partnership, couples may be of the same gender or one member of the couple must be 62 years of age or older. For all purposes under state law, since 2009, Washington law has required that registered domestic partners be treated as married persons: terms such as spouse, marriage, husband, and wife must be interpreted to apply equally to registered domestic partners as to married persons, to the extent the interpretation does not conflict with federal law.

4. Marriage in Washington?

Governor Christine Gregoire signed Engrossed Substitute Senate Bill 6239 into law on February 13, 2012, possibly making Washington the 8th U.S. jurisdiction to recognize same-sex marriage. However, Referendum 74 received sufficient signatures to make it to Washington’s ballot on November 6. A “yes” vote would affirm legalizing same-sex marriage. A “no” vote would overturn and keep the Bill from going into effect. Enactment of the marriage bill has been stayed, pending the outcome of the election. Under the Law, any state registered domestic partnership in which the parties are the same sex and neither party is 62 years old or older will be

WashingtonCPA November/December 2012

Tax Considerations for RDps

automatically merged into a marriage as of June 30, 2014, if the parties have not already married, or dissolved their relationship by that date. A legal relationship, other than a marriage (e.g., a civil union or out-of-state domestic partnership), of two persons validly formed in another jurisdiction that is substantially equivalent to a state registered domestic partnership in Washington will be recognized in Washington as a registered domestic partnership. However, this reciprocity does not apply if the relationship would otherwise be prohibited under Washington law. It is important also to note that this recognition would cease to apply if the couple fails to marry within one year of becoming permanent residents. This provision is beneficial for couples visiting from out of state who want or need to take advantage of the default provisions applicable to registered domestic partners, allowing them to make certain decisions for each other in the event of incompetence. But not a long-term solution for couples who permanently relocate here.

5. State of Washington Marital Deduction

Under the Domestic Partnership Act, RCW ch. 26.60, the State of Washington marital deduction for registered domestic partners was not scheduled to go into effect until January 1, 2014. However, under the marriage Law, the deduction should be available immediately once the act becomes effective. The Law provides in section 1(3): “Where necessary to implement the rights and responsibilities of spouses under the law, gender specific terms such as husband and wife used in any statute, rule, or other law must be construed to be gender neutral and applicable to spouses of the same sex.” There should be no delay in its implementation, despite the 2009 changes to the Domestic Partnership Act (RCW 83.100.047, which added language related to domestic partners). As to same-sex couples who marry under the new act, or whose domestic partnership becomes a marriage under this act, the domestic partnership language will no longer apply.

6. Impact on a National Level

Same-sex marriage is currently legal in seven jurisdictions in the U.S.: Connecticut, Iowa, Massachusetts, New Hampshire, New York, and Vermont, as well as the District of Columbia. And a measure will be on the November ballot in Maine. Even if allowed to stand in Washington, the Federal Defense of Marriage Act prevents recognition of Washington same-sex marriages under federal law. Washington would be in much the same case that California found itself in when Proposition 8 was passed, finding samesex marriage unconstitutional. It remains to be seen whether the defenders of Proposition 8 who lost before the 9th Circuit panel will seek en banc review or head straight to the Supreme Court (and whether the Supreme Court would accept it for review). So, a couple may be married in Washington or one of the other jurisdictions allowing same-sex marriage, but they will not be eligible for the protections other married couples receive, including Social Security survivor benefits, federal employee health benefits. That won’t change until the federal DOMA is found unconstitutional. In each of the states where same-sex marriage has been found constitutional and permissible, it is based on the fundamental right of individuals to marry a person of the same or opposite gender. As more states move in this direction, the federal government may be prompted to change its position as well.

7. What if DOMA is Repealed?

If DOMA is ultimately repealed, or struck down, legally married samesex couples may be able to secure tax breaks that are presently available only to legally married couples of the opposite sex. These include: (i) the right to file a joint return, not simply the right to split earned income as permitted in community property states; (ii) the ability to obtain tax-free employer health coverage for the same-sex spouse; (iii) the estate and gift tax marital deductions; (iv) estate tax exemption portability; (iv) the stretch-out IRA rollover rules applicable

WashingtonCPA November/December 2012

Learn more at Pacific Tax Institute Wendy Goffe will discuss “Estate Planning for Unmarried Couples: Protect the Ones You Love” at the Pacific Tax Institute. Pacific Tax Institute (PTI) October 29-30 Bell Harbor International Conference Center, Seattle For details and to register, visit www.wscpa.org/cpe/catalog.

to surviving spouses rather than the less favorable rules applicable to non-spouses; (v) eligibility for social security spousal benefits; and (vi) benefits provided for spouses of federal employees. Even in states where same-sex marriage and civil quasi-marital relationships are permitted, the DOMA makes it unclear how federal law will apply. As states are persuaded to adopt samesex marriage or some form of quasimarital relationship, it will be necessary to develop a new body of law to define the rights and responsibilities that come with it. Until parity is brought to the laws applicable to unmarried couples, the bias in favor of married couples that is inherent in the transfer tax laws means that unmarried couples will often bear a heavier estate and gift tax burden. The estate plans of unmarried partners, and partners in marriages not legally recognized, need special attention to insure that their objectives are met with a minimum of income, gift, and estate tax liabilities, as well as a minimum of conflict. Wendy S. Goffe is of counsel with Stoel Rives LLP in Seattle and a frequent contributor to Forbes.com. You can contact her at wsgoffe@stoel.com. www.wscpa.org

IRS or Washington State Tax Problems? Experience Can Make A Difference. IRS, Revenue and Labor & Industries Audits: Administrative and Judicial Appeals & Refund Actions; Lien & Collection Problems; Tax Planning; Commercial Litigation. Martin Silver  ü L.L.M. (Tax) New York University  ü Author of Washington Taxes: Representing Taxpayers Before The Department of Revenue, (Butterworths 1992)  ü Adjunct Professor, Golden Gate Representing Businesses and Professionals Nationwide, Confidentiality Guaranteed.

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WashingtonCPA November/December 2012

IFRS

Is IFRS the New Metric System in the United States? By Peter A. Margaritis, CPA, CGMA

t seems like just yesterday when the United States was discussing moving to the metric system only to decide against it. But we see its sporadic use like a 10 kilometer run or 15-meter diving competition. The metric system is here, but it is not widely used. The discussion of the incorporating International Financial Reporting Standards (IFRS) into the U.S. financial reporting system is beginning to resemble that same discussion. There are currently 120 countries that either permit or require public companies to prepare their financial statements in accordance with IFRS. The United States was to make this decision by the end of 2011, but postponed it into this year. On July 13, 2012, the SEC staff published their final report on the work plan for global accounting standards without making a recommendation for its implementation in the United States. It appears that any vote on the implementation of IFRS will not happen until sometime after the election. The report stated, “there appears to be relatively less support within the U.S. financial reporting community for the designation of the standards of the IASB as authoritative for use by U.S. issuers for domestic reporting purposes. However, the Staff found there to be substantial support for exploring other methods of incorporating IFRS that demonstrate the U.S. commitment to the objective of a single set of high-quality, globally accepted accounting standards while addressing some of the aforementioned concerns.” In other words, full adoption of IFRS would not be warranted but an endorsement process, similar to what the European Union uses, would be preferred. This endorsement process would allow the FASB to have significant influence in setting standards and voice the interests of U.S. investors. The FASB and the International Accounting Standards Board (IASB) have

been working since 2002 on a variety of convergence projects with the goal of eliminating accounting differences in a number of standards but not all. Currently, there are four remaining projects (revenue recognition, leasing, financial instruments, and insurance contracts) and two (revenue recognition and leasing) that should be finalized in 2013. The proposed “revenue from contracts with

The European Union and Australia adopted IFRS in 2005, Canada adopted IFRS in 2011, Mexico is adopting IFRS in 2012, and it looks like Japan will be adopting IFRS in 2016, but they have allowed early adoption beginning in 2010. In this global economy, IFRS is all around us. customers” standard would eliminate industry specific revenue recognition and use only one standard that will be applied to all industries.The leasing project would require that all leases greater than one year be capitalized and, depending on the lessee consumption of the asset in relation to its economic life of the asset, will dictate the effect it has on the income statement. The financial instrument and insurance contract projects appear to be on life support and in all likelihood will not be converged. With that said, there are a number of “IFRS sightings” in the U.S. and these will continue to grow as global capital flows into the United States. For example, a

WashingtonCPA November/December 2012

U.S. subsidiary of foreign parents that reports in IFRS is being required to use IFRS in their financial reporting back to the parent. Here are some examples:

Foreign Entity Taking Control

One of the frequent sightings of IFRS is when a foreign entity obtains control over a U.S. entity. The foreign entity then prepares its financial statements in accordance with IFRS, not U.S. GAAP. International Accounting Standard (IAS) 27, Consolidations and Separate Financial Statements, states that, “a group must use uniform accounting policies for reporting like transactions and other events in similar circumstances. The consequences of transactions, and balances, between entities within the group must be eliminated.” For example, an Australian entity purchases 75% interest in a U.S. entity on January 1, 2013. The Australian entity has a calendar year end and it prepares its financial statements using IFRS. Because of IAS 27, the U.S. subsidiary will have to adopt the same accounting policies (IFRS) as the parent in 2013, not at a later date established by the SEC. What if this is your company or client? Are you prepared to help convert their financial statements from U.S. GAAP to IFRS? If you are not prepared to help, they or your employer will find someone who can—either another employee or another accounting firm.

Foreign Entity Exhibiting Influence

Another similar sighting occurs when a foreign entity exhibits significant influence over a U.S. entity and the foreign entity prepares its financial statements in accordance with IFRS. International Accounting Standard (IAS) 28, Investments in Associates, states that, “the Standard requires an investor to make appropriate adjustments to the associate’s financial statements to conform www.wscpa.org

IFRS

resembles the metric system, except for: there is a greater opportunity for its use as global capital flows into the United States. Accounting professionals need to be abreast of this fact and continue increasing their IFRS knowledge, despite the SEC procrastination, because the likelihood of it crossing our path will continue to grow over time.

©istockphoto.com/BradWieland

Peter A. Margaritis, CPA, CGMA, MAcc, owns IFRS Education and Training LLC and is on faculty at Ohio Dominion University and the University of Maryland at University College. Hear him talk about IFRS for SMEs and leasing and revenue recognition standards at the Accounting & Auditing Conference (AAC) on November 1 in Seattle.

them to the investor’s accounting policies for reporting like transactions and other events in similar circumstances.” Consider the above example, except this time the Australian entity purchases 40% interest in the U.S. entity on January 1, 2013. Because of IAS 28, the U.S. entity will have to make appropriate adjustments from U.S. GAAP to IFRS to achieve conformity in accounting policies. Once again, are you prepared to help them make the necessary adjustments to achieve conformity according to IAS 28?

Foreign Entity Operating in the U.S.

Another instance where an IFRS sighting can occur is when a foreign company begins operations in the U.S. Many U.S. cities are trying to attract foreign companies. More than likely, its financial statements will be prepared under IFRS, but who will assist the company in adapting to U.S. regulations and be able to address IFRS issues as well? A firm with “bilingual” www.wscpa.org

capabilities would have a better chance at gaining this entity as a client. Think about it in another way: The European Union and Australia adopted IFRS in 2005, Canada adopted IFRS in 2011, Mexico is adopting IFRS in 2012, and it looks like Japan will be adopting IFRS in 2016, but they have allowed early adoption beginning in 2010. In this global economy, IFRS is all around us. As CPAs we will increasingly come in contact with companies using IFRS. If you are in business and industry, your organization could suddenly need to switch to IFRS. Your next employer could be using IFRS. If you are in public practice, being able to apply IFRS and translate to and from GAAP could go a long way toward attracting and retaining the best clients in this global economy. What the SEC will ultimately decide still remains a mystery that even ScoobyDoo can’t solve. We do know that mandatory IFRS implementation in the U.S.

Learn more

IFRS

Accounting & Auditing Conference (AAC) (A-1 session - IFRS for SMEs: Special Considerations for Private Companies) Thursday, November 1 Bell Harbor International Conference Center, Seattle IFRS Essentials with GAAP Comparison: Building a Solid Foundation (IFRS) Thursday-Friday, November 15-16 WSCPA, Bellevue IFRS Update and Review of Complex Topics (IUP) Friday, December 7 Washington State Convention Center, Seattle WEBCAST The Continuing IFRS Journey: Update on an Uncertain Future (WEB181) Friday, December 7 For details and to register, visit www.wscpa.org/cpe/catalog.

WashingtonCPA November/December 2012

news briefs

Bylaws Vote Passes By Overwhelming Margin

Between August 13 and September 17, 2012, WSCPA members cast their ballots on whether to amend the organization’s bylaws. WSCPA Secretary Glenn Wisegarver observed the vote count on September 18 and confirmed the accuracy and outcome of the election. The amendments carried overwhelmingly, with a final tally of 360 Yes votes and 11 No votes.The amended bylaws went into effect on October 18, 2012. The WSCPA Board of Directors thanks those who participated in this vote.

In Memoriam J. Dan Schoedel J. Dan Schoedel, former Board Chair of the WSCPA, passed away on September 16, 2012 at the age of 84. Born on April 8, 1928, to Margaret (Blake) and Louis C. Schoedel, he graduated from Washington State College with a Bachelor of Arts degree in accounting. He joined the Air Force Reserves during the Korean

War and married Shirley Anne Folkins in 1953. He partnered with his brother Donald L. Schoedel to establish the accounting firm Schoedel and Schoedel. He served as member of the Board of Governors of the American Institute of CPAs, President of the WSCPA Spokane Chapter, Board Chairman of Deaconess Hospital, Chair of the Spokane Library Board, Treasurer of St. John’s Cathedral for 25 years, and held other positions in the community.

State Board Updates QAR Rule

Glenn Wisegarver

William Simer

Recent Changes on WSCPA Board of Directors

At the September 21, 2012 meeting of the WSCPA Board of Directors, Vice Chair, Randy Wells, resigned from the board, due to increased professional responsibilities. The board accepted Randy’s resignation and Chair Mary Marino thanked him for his exceptional service. Mary Marino, on behalf of the Executive Committee, placed the name of Glenn Wisegarver (who was serving as board secretary) in nomination for the vacated position of vice chair. The board unanimously approved Glenn as vice chair. Mary, again on behalf of the Executive Committee, placed the name of William Simer in nomination for the vacated position of secretary. A unanimous vote of the board approved Bill Simer as secretary. The WSCPA Board of Directors thanks Randy Wells for his service and congratulates Glenn Wisegarver and William Simer on their new positions.

Call for Nominations

Nominations are now being accepted for WSCPA Annual Awards. Submit a nomination at www.wscpa.org (WSCPA Community > Member Spotlight).

Effective September 10, 2012, the Washington State Board of Accountancy’s rule regarding its Quality Assurance Review (QAR) program has changed. Firms previously undergoing a QAR will now be required to enroll and participate in the WSCPA Peer Review Program. If you were previously enrolled in the QAR program, please download and submit the WSCPA Peer Review Enrollment Form at www.wscpa.org (search for “enrollment form”). If you have questions about Peer Review, please contact Julie Phipps, Manager of Professional Standards, jphipps@wscpa.org or (800) 272-8273, Ext. 1132. For more information about Peer Review, visit www.wscpa.org (search for “Peer Review”). View the WBOA’s QAR rule change at www.cpaboard.wa.gov (click Rule-Making, “QAR and CPE” under 2012 Board Rule-Making).

CPA Referral Service Enroll Your Firm Now If your firm is looking for ways to build your client base, look no further than the WSCPA Find a CPA Referral Service.The cost of the enrollment is still just $175—less than 50 cents per day—and covers your listing through June 30, 2013. The WSCPA CPA Referral Service is a great source of new clients looking for services in industries that match your firm’s expertise. Rather than using directory assistance to find a CPA, potential clients feel comfortable about their referral from the WSCPA because they are able to view information about services offered by your firm. To enroll in the service visit www.wscpa.org (Find A CPA > Enroll Online Today). To find out more about the service call Jennifer Ayoub, Membership Services Administrator, at (800) 272-8273, Ext. 1142 (toll-free in Washington) or (425) 586-1142 or e-mail jayoub@wscpa.org.

WashingtonCPA November/December 2012

www.wscpa.org

news briefs

Sole Practitioners Groups

Do you occasionally find yourself wishing you had someone else to discuss technical or practice management issues with? Do you need to bounce ideas around in an informal exchange with others whose practice size and scope of clients are similar to yours? In all likelihood, there is group of other WSCPA members for you. Three WSCPA members who are committed to starting such a group recently sent an invitation to 330 members in sole or small (fewer than 5 professionals) practices, located primarily on the east side of Lake Washington. Over 10 percent responded with enthusiasm, many adding thoughts about what would make a group most valuable to them. This group will meet in Bellevue, at the Society office when space is available, at other locations as determined by the group. Everyone who indicated an interest will receive an e-mail about time/date/ location. If you would like to be added to the list, please e-mail Randy Multack at randy@rmmcpa.com. Jack Persons from Snohomish responded with a reminder about a long-standing MAP (Management of Accounting Practice) group that meets the first Tuesday of every month at the Red Lobster in Lynnwood. There is also a monthly tax roundtable on the 3rd Tuesday, also at the Red Lobster. Both begin at noon. Other such groups meet informally in other locations. Do you participate in one? Or maybe you’d like to start one. Please e-mail jlove@wscpa.org with information, even photos, in order to share what works for your group and receive recognition.

Connect with WSCPA www.wscpa.org

Special Member Discount from CCH Save 25% on CCH U. S. Master Tax Guide Order by December 31 The sooner you reserve your copy of the industry’s leading tax guide, the higher your discount. Reserve your copy by December 31 to save 25% off the list price of $90.95. That means WSCPA members pay just $68.21 plus shipping. You will be billed when the book ships. (Cancel before shipment without charge.) Available in text or e-book formats, the 2013 edition will contain timely and precise explanations of federal taxes for individuals, corporations, partnerships, estates and trusts. Plus, save up to 40% on CCH’s featured titles, which change every month. To order the U. S. Master Tax Guide and other CCH publications, visit http://tax.cchgroup.com/ members/wscpa and enter member discount number (Y5596).

Networking Events

Final event of 2012! sponsorS Thank you!

2012

Premier Partners

Key Partners

Supporters

SPOKANE

Nov 13

DoubleTree Hotel Spokane City Center, Spokane (NP04)

www.wscpa.org/CPE/catalog (enter “NP” in search box) FEES: $20 per event

Friends

Spokane Chapter

In Memoriam The WSCPA holds in memory with families and the larger community, these members who have recently passed on: Thomas W. Hart, CPA www.wscpa.org

Joseph E. Karr, CPA

John Dan Schoedel, CPA

Patsy R. Turnipseed, CPA

WashingtonCPA November/December 2012

news briefs

When Does Your CPA License Expire? Keep track of your deadline and read below to avoid late fees.

id you know that missing your CPA license renewal deadline could cost you $480 for reinstatement? You may not intend to miss a deadline, but if you don’t update your contact information with the Washington State Board of Accountancy (WBOA), or if you forget to schedule reminders on your calendar, you may miss the deadline to renew your CPA license. Do so and you’ll be subject to reinstatement at an additional cost, and have unnecessary headaches. Check your license renewal date at www.cpaboard.wa.gov, and take a few minutes now to read the important reminders on this page. Should you encounter any difficulties with the license renewal process, contact the WBOA at (360) 753-2586 or e-mail customerservice@cpaboard.wa.gov.

Update Your Contact Information with WBOA

Check your CPA license (individual or firm) renewal date at www.cpaboard.wa.gov If your CPA license renewal deadline is June 30, 2013, remember these deadlines ...

c Take 120 hours of CPE December WBOA approved c 31, 2012 c up to ethics credits

What’s WBOA approved?

You must select from a list of approved ethics courses when you renew your CPA license.

What’s technical CPE? What’s non-technical? Is your ethics course board approved? Find out at www.cpaboard.wa.gov.

c File and pay fee to renew your license at https://secureaccesswa.gov April 30, 2013 requires login with

SAW account

If you change your address or your e-mail, you are required to update your contact information with the WBOA within 30 days. Why? Most license renewal information is sent electronically, so make sure the State Board has your preferred e-mail address. How? Update your information with your SAW account (please see below).

non-technical hours

Miss this deadline?

What’s SAW?

Pay $100 late fee

See below.

c Meet the above requirements and renew or retire your license, or your license will expire... June 30,

2013

As of July 1, 2013 you will be subject to reinstatement. Reinstatement includes the submission of all your CPE documentation and a fee of:

$480

Ouch!

What You Need to Know about SAW The Washington State Board of Accountancy (WBOA) conducts online CPA license renewals through Secure Access Washington (SAW). To renew your license, you need a SAW account. Not registered with SAW? View instructions at: www.cpaboard.wa.gov/Resources/OnlineInstructionDetails.shtml Keep your account active Log in to SAW every

months

You need to log in to your SAW account at least every 24 months, or your password will expire. Watch for an e-mail (subject line “SecureAccesss Washington: User ID Inactivity Warning”) and log in to keep your account active. If your SAW account is deleted, you will need to create a new account.

Secure Access Washington

WashingtonCPA November/December 2012

Meet this deadline?

If your contact info changes, update this information with the WBOA (within 30 days) using SAW

Set a reminder to log in to SAW

SAW password tips at least 10 characters contain at least

character classes: uppercase letters lowercase letters numerals

special characters: $@!*&% cannot contain your user ID (case insensitive)

https://secureaccess.wa.gov www.wscpa.org

advocacy

Eating Crow . . . and Advocacy By Judy Love,WSCPA Director of Advocacy

ike many of you, when I first learned of the new Certified Global Management Accountant (CGMA) designation, I thought, “Oh, brother, here we go again. Cognitor Part II.” The AICPA’s vision in 2000 for a “global business professional” designation was greeted with everything from disdain to alarm by a majority of the voting members of the AICPA. In an October 28, 2000 article, Rick Telberg, a frequent commentator on the profession, noted that Cognitor “cuts to the heart of the accounting profession and has left many CPAs and non-CPA accountants reeling, divided, angry and confused.” The decisive “No” vote of the membership came a year later, October 2001. You may remember that another small item—Enron—came to public light almost simultaneously. Although it was certainly not related, fallout from Enron created even more angst, and the profession, regulators, and Congress quickly turned their attention toward the more immediate problem. So what’s different 12 years later? Why create a global business designation (CGMA) now? Long-time proponents of the designation would argue that nothing is different other than the need for global recognition of CPAs’ skills and knowledge has only increased; the opportunities for CPAs are truly borderless. WSCPA’s Bea Nahon was a member of the 2000 Council that voted to move the concept to a member vote. She voiced her support in comments from the floor: “Personally, I believe that the concept of a global designation makes a great deal of sense, and I would far prefer to be ahead of the curve than behind it. I applaud the AICPA leadership for their courage and vision in raising this potential to this level of consideration. Now, though, it’s time to talk about the actual strategies and tactics —that is, now we have to work out the details. The resolution, as it was passed, allows us the time and the permissions to carefully and deliberately consider those details—along with the involvement of members. No matter what the outcome

www.wscpa.org

of this discussion, we owe ourselves, our clients, our constituents and the future students the opportunity for the consideration of this concept. Regardless of how the process ends up, we will be a better profession for having participated in this discussion.” I would argue that the “actual strategies and tactics” were never adequately developed with Cognitor. While that likely did not contribute significantly to the general distaste for the concept, it did play a role in its defeat. So it was with no small amount of skepticism that I sat through a roll-out of CGMA nearly

We surveyed members; WSCPA Vice Chair Glenn Wisegarver spoke about it frequently in classes he attended (brochures “flew off the counter” after each class); we included articles and ads in the magazine and on the website. Even though we estimated 220 Washington CPAs would make the move to a paid membership, my skeptical voice said, “This will never happen.” On August 21, I had to leave my modest lunch of chicken salad in the staff refrigerator, dining instead on a large plate of crow. Five hundred seventy-eight Washington CPAs now hold the CGMA

578

Washington CPAs now hold the CGMA designation, 263 percent over what had seemed like a stretch goal.

18 months ago. But, almost immediately I could see that this time the “business strategies and tactics” had been well thought out. I believe the key difference is the solid partnership with CIMA (Chartered Institute of Management Accountants), an already well-established and globally recognized organization with 195,000 members in 176 countries. And yet, still nursing the bruises from WSCPA members’ reaction to Cognitor, I cringed at the thought of wading into those waters again. But wade in we did, following through on a commitment to provide members with information about CGMA. We encouraged the 1,200 WSCPA members who qualify (based on workplace information in member profiles) to check it out before the paid membership period began in August.

designation, 263 percent over what had seemed like a stretch goal. The numbers in proportion to the pool in other states were similar to Washington’s. Is CGMA for everyone? Probably not. Based on comments in the member survey, some will likely never embrace it. Will CGMA take time to register in the public’s mind? Of course, but everything has to start somewhere. Congratulations to the 578 pioneers in this state and your counterparts around the country.You will begin hearing soon from some members about why they have chosen the CGMA. Consider giving it a second look—or a first—at www.cgma.org. You can contact Judy Love at jlove@ wscpa.org.

WashingtonCPA November/December 2012

Professional conduct

Can You Perform Nonattest Services for an Attest Client and Still Be Independent? By Ryan Bartlett, CPA,WSCPA Professional Conduct Committee

t’s not uncommon for practicing CPAs to perform both attest and nonattest services for the same client (e.g. financial statement review and tax returns). The question is, are they violating independence rules in the process? Quite possibly, and often without the CPA even being aware they are in violation of these rules. There are several different sets of regulations each CPA must adhere to, depending on the nature of the work they are performing. Certain engagements are subject to the independence rules of regulatory bodies outside of the accounting world – the Securities and Exchange Commission, Government Accountability Office and Department of Labor – to name a few. The independence rules prescribed by each regulatory body may be more restrictive than those laid out by the AICPA or state governing body. Therefore, it’s extremely important for every practicing CPA to be aware of the independence rules that apply to each engagement where they are involved. The following are some general activities that many of you already know would impair a CPA’s independence: •

• •

Preparing source documents, in electronic or other form, evidencing the occurrence of a transaction; Determining which recommendations of the CPA should be implemented; or Establishing or maintaining internal controls, including performing ongoing activities for a client.

if you perform an appraisal, valuation, or actuarial service for an attest client where the results of the service, individually or in the aggregate, would be material to the financial statements and the appraisal, valuation, or actuarial service involves a significant degree of subjectivity (e.g. employee stock ownership plan valuation). An actuarial valuation of a client’s defined benefit plan generally produces reasonably consistent results because the valuation does not involve a high degree of subjectivity. Therefore, performance of these actuarial valuation services generally would not impair independence. In addition, appraisal, valuation and actuarial services performed for nonfinancial statement purposes would not impair independence.

Forensic Accounting Services

In general, forensic accounting services are nonattest services involving the application of special skills that help evaluate evidential matter and interpret and communicate findings. Forensic accounting services are generally in the form of litigation or investigative services. Litigation services may be any of the following: •

Things aren’t always so clearly defined, so let’s discuss some examples where a CPA’s independence determination is much less black and white.

Appraisal,Valuation and Actuarial Services

Independence would be impaired

•

WashingtonCPA November/December 2012

Expert witness services – where you are engaged to render an opinion before a trier of fact as to the matters in dispute based on your expertise, rather than your direct knowledge of the disputed facts or events. Expert witness services create the appearance that you are advocating or promoting a client’s position. Therefore, if you agree to provide expert witness testimony for a client, independence would generally be impaired. Litigation consulting services – where you provide

advice about the facts, issues, and strategy of a matter. You are not testifying as an expert witness before a trier of fact. The performance of litigation consulting services would generally not impair independence in and of itself. However, if you subsequently agree to serve as an expert witness, your independence would be impaired. •

Other litigation services – litigation services where you serve as a trier of fact, special master, court-appointed expert, or arbitrator, in a matter involving a client. These “other services” create the appearance that you are not independent.

Investigative services include all forensic services not involving actual or threatened litigation, such as performing analyses or investigations that may require the same skills as used in litigation services. Such services would not impair independence provided you comply with the other general requirements set forth in the AICPA Professional Code of Conduct. It should be noted that most of the content in this article contains general guidance, and there are exceptions to each of the circumstances discussed above. You should always make sure to perform the necessary research and be well informed about independence rules as they relate to the nature of your work. If you have any questions, you can contact the Professional Conduct Committee through Julie Phipps,WSCPA Manager of Professional Standards, at jphipps@ wscpa.org or (425) 586-1132. Ryan Bartlett, CPA, is Senior Manager at Bader Martin, P.S. He has served on the Professional Conduct Committee since 2010. You can contact Ryan at rbartlett@ badermartin.com. www.wscpa.org

Diversity

Diversity and the Accounting Profession By Kimberly Scott, CAE

www.wscpa.org

According to the AICPA 2011 Trends in Supply report, at a national level only 25 percent of all accounting graduates in 2010 claimed an ethnic background.

“It is imperative that the profession’s makeup evolve to reflect the diversity found in American businesses and society as a whole” said Barry Melancon, CPA, CGMA, AICPA President and CEO. Perhaps you have heard comments like this and you are not certain how it applies to your business. The service industry is built on relationships and trust, and let’s face it, trust is easier when the person you are doing business with is someone you can relate to, someone you feel understands you. When you take a look at the demographics of society, and then the demographics of the accounting profession, there is opportunity for growth. According to the latest census, Washington State in general has shown a growth in its diversity. The ethnic diversity of King County is more than 40 percent, and Spokane County is more than 15 percent. If you look at the under age 18 group, in King County 47 percent claim an ethnic heritage—this is the future of our community and our business. Now take a look at your office, your clients, your prospective clients and local business owners—does what you see match the diversity statistics for your county? According to national statistics it probably does not. According to the AICPA 2011 Trends in Supply report, at a national level only 25 percent of all accounting graduates in 2010 claimed an ethnic background. The same report shows that nationally in accounting firms only 21 percent of the employees are diverse. Although 21 percent is no doubt higher than previous levels, there are a few ethnic groups still severely under-represented in the accounting firms: Black/African-American, Hispanic/Latino, and Native American. The Pacific region of the U.S. can feel good about one key statistic, our region has the highest enrollment of ethnic students in accounting programs; in 20092010 it was 45 percent.That is 13 percent higher than the next closest geographical region. However, more work is needed

to help create a pipeline of future CPAs that match the demographics of our communities. Several organizations in our state are working toward achieving this goal. Below are a few of the organizations that the WSCPA supports.

Accounting Career Awareness Program (ACAP)

ACAP works with under-represented minority high school students. They involve the students in programs directing them into college and careers in accounting. This 501(c)(3) organization was started in 1982 in Washington State and is now replicated in more than 30 states. The key program is a week-long camp called Residency Week, held at the University of Washington Seattle campus. An average of 50 students participate in this program every year. To learn more, get involved or contribute to ACAP visit www.acapseattle.org.

National Association of Black Accountants (NABA)

One of the primary goals of NABA, which has a chapter in our state, is to encourage and assist minority students entering the accounting profession. At the time NABA was formed in 1969, there were only 136 African-American CPAs in the United States, or 0.136 percent of the 100,000 total CPAs. Currently

African-American accounting professionals make up three percent of the staff in public accounting firms. Six percent of accounting graduates in 2010 were African-American. To learn how to support NABA visit www.nabainc.org.

ALPFA

ALPFA is dedicated to enhancing opportunities for Latinos in the business, accounting, finance and related professions. ALPFA is the proud successor of the American Association of Hispanic Certified Public Accountants (AAHCPA), the first national Latino professional association in the United States. Established in 1972, ALFPA now has more than 18,000 members. The AICPA report states that Latino accounting professionals made up four percent of all firms, and five percent of all accounting graduates in 2010. To learn more visit www.alpfa.org. I see the future as an exciting opportunity for the profession. CPAs are the trusted professionals in the financial arena, and that arena is now global. Creating a pipeline of high caliber accounting professionals to connect with our world, our communities and our clients is valuable to everyone. Kimberly Scott, CAE, is WSCPA Director of Member Services. You can contact her at kscott@wscpa.org.

WashingtonCPA November/December 2012

Technology Tip

Adding Folders to Your iPadâ&#x20AC;&#x2122;s Home Screen By K2 Enterprises

ver time, you are likely to install many apps on your iPad, and you will probably want to organize these apps so that they are easy to locate and launch. To do so, consider adding folders to your Home screen and arranging the apps in folders. In this tip, you will learn how to quickly and easily add folders to help organize the apps on your iPad1. For example, in Figure 1, notice the presence of six folders: News, Productivity, Social, Entertainment, Business, Travel, and Finance. Each of these six folders contains multiple apps; the apps for a specific folder are available by first tapping the folder icon. Arranging apps in this fashion organizes your Home screen and allows you to quickly locate and launch any app with which you wish to work. To add folders to your Home screen, press and hold an icon for any app until all icons on the Home screen begin wiggling.With all icons on the Home screen wiggling, drag one icon on top of another that you wish to belong in the same folder. Your iPad will automatically create and name a folder for you, and the two apps related to the icons you related together will be in that folder. Now, just click and drag any other icons you wish to belong to that group into the folder. You can add up to 20 apps to any folder, and you can have up to 180 folders on your iPad. If you wish to rename the folder, you can do so by tapping the folder while all of the icons on the Home screen are wiggling, then clicking in the folder name area, and entering your desired name for that folder. Figure 2 depicts this process. Because you are likely to install many apps on your iPad, arranging the apps in a fashion that makes it easy to find and launch them is a virtual necessity. As you now know, you can create folders on your iPad to assist you with this task. 1 To utilize folders, your iPad must have iOS 4.2 or later installed as the operating system.

WashingtonCPA November/December 2012

Figure 1 Presence of Folders on an iPad to Manage Apps

Figure 2 Renaming an iPad Folder

For a video demonstration of this tip, visit www.tinyurl.com/k2tips127.

Learn more

Technology

Information Technology Conference (TEC) Monday-Tuesday, December 10-11 Meydenbauer Center, Bellevue Excel Tips,Tricks and Techniques for Accountants (EXL02) Thursday, December 6 Hampton Inn Spokane Technology for CPAs: Donâ&#x20AC;&#x2122;t Get Left Behind (TEC01) Friday, December 7 Hampton Inn Spokane For details and to register, visit www.wscpa.org/cpe/catalog. www.wscpa.org

Washington CPA Foundation

Financing Scholarships, Funding Grants, Fulfilling Pledges:

Foundation Makes a Difference in 2012 By Kimberly Scott, CAE

hank you to the WSCPA members that have contributed to the Washington CPA Foundation this year. Your generous contributions help make an accounting degree possible for many incredible students, and help fund financial literacy programs. Did you know that the Foundation is a separate 501(c)(3) organization? In case you are uncertain about the Foundation’s purpose, here are the mission, vision and business goals of the Washington CPA Foundation.

The Mission of the Foundation: • • • • •

To support education and research in the field of accountancy; To provide scholarships for students of accounting; To improve accounting education; To enhance knowledge within the accounting profession; and To assist accountants and others in their efforts to educate the public about financial and accounting matters.

Vision - What We Seek to Become:

Our communities have awareness of and access to both high quality accounting education and resources to make sound financial decisions.

Goals

Some of the current goals of the Foundation are: 1. To increase the total amount of scholarships granted by 25% this fiscal year bringing the total to $60,000. [The Foundation awarded $49,000 in scholarships last year. Plus, scholarships totaling $6,000 were awarded to students transferring from a community college to a university. Learn about the scholarship recipients at www.discovercpa. org (Scholarships > Winners).] www.wscpa.org

2. Confirm 15 Named Scholarships in fiscal year. (Last year 10 were awarded. See below for details.) 3. Fulfill the pledge to donate $50,000 to the AICPA’s PhD program. (This will be the fifth year supporting this program at $10,000 a year.) 4. Fund a grant or grants of up to $10,000 total for financial literacy. (Last year grants totaling $5,000 were awarded.) 5. Raise awareness of the opportunity for planned giving.

Named Scholarships

The Named Scholarships Program was started a little over a year ago by Joe Sambataro, a Trustee and named scholarship contributor. This program allows contributors to create a one time or yearly named scholarship without an endowment. Under this program, anyone that contributes $3,000 at once may name a scholarship awarded that year. Many firms and personal contributors participated last year. We have already added to the prestigious list: •

New! Clark Nuber PS Accounting Scholarship

Last year’s named scholarships • Roy J Polley Memorial Scholarship • George Waterman Memorial Scholarship • Ernst & Young LLP Accounting Scholarship • KPMG LLP Accounting Scholarship • Moss Adams LLP Accounting Scholarship • PwC Accounting Scholarship • Sambataro Family Foundation Accounting Scholarship • Shimer Family Accounting Scholarship • True Blue Enterprises

Scholarship Applications

are now being accepted for 2013-2014 Washington CPA Foundation scholarships. The application deadline is February 15, 2013. Download an application online: www.discovercpa.org (click Scholarships).

• •

Accounting Scholarship Wells Fargo Accounting Scholarship NW Accounting Educators Scholarships

Each contributing firm or individual has the opportunity to meet the recipient of their scholarship, participate in the award presentation and, of course, their name is mentioned in conjunction with the scholarship (on the website, at the WSCPA Annual Meeting, in The WashingtonCPA magazine and more). If you would like more information on contributing and how to get your company’s name on this list, I am happy to talk to you. Becoming a CPA is not an easy task, it takes knowledge, sacrifice and integrity … but getting those letters behind your name also requires a financial investment. There are some extremely talented young professionals who may not have had the opportunity to obtain that designation if not for the help of scholarships. Every tax-deductible contribution helps achieve the mission, vision and goals of the Foundation … and helps some talented accounting students achieve their dreams. Contribute online at www. wscpa.org (enter “Foundation” in the search box). Kimberly Scott, CAE, is WSCPA Director of Member Services and Executive Director of the Washington CPA Foundation. You can contact her at kscott@wscpa.org or (425)586-1108.

WashingtonCPA November/December 2012

Financial Literacy

Serving Those Who Serve

he end of the year is a time when many of us reflect on the past year and take stock in what we have accomplished. It’s also a time when we set goals for the next year. Volunteering in your community may be something you are considering. One group that could benefit from your expertise is members of the military and their families. They face unique financial challenges such as loss of income, frequent relocation, prolonged leave of absence from a job, changes in lifestyle, shifts in financial responsibilities and increased reliance on credit cards. The result is more than half of all enlisted service members have some type of financial difficulty. A survey of 6,200 service members found that: • • • • •

27% reported trouble paying bills; 21% had received pressure from bill collectors; 19% had trouble making ends meet; 4% were delinquent on rent or mortgage; and 4% reported “serious” difficulties, such as a repossession or bankruptcy.

These financial challenges in turn affect the operational readiness of service members and cost $172 million annually in lost productivity. Taking the time to provide financial education that addresses their needs and concerns will help. With less than two percent of the U.S. population serving in the military, it can be challenging for those not involved with the military to relate. To help bridge the gap between civilians and veterans: •

Learn and try to understand the culture of the military (branches, structure, training, basic military language, etc.).

•

Speak to an expert—someone who works with members of the military, has served or has a close family member who has served, or contact a local Military Service Organization. Participate in the culture by volunteering with veterans.

There are resources and volunteer opportunities available for you to assist service members and their families. One example is the Veterans Fast Launch Initiative, which includes key partners such as the AICPA and SCORE. It provides resources, including time with volunteer CPAs and retired executives, for veterans interested in starting their own business. CPAs interested in helping can download a toolkit, which can be customized with your firm’s logo, to share with veterans. Firms may also list themselves on the national directory to help local veterans find them. To learn more about how you can be involved visit: www.aicpa.org and search for Veterans Fast Launch Initiative. The AICPA’s 360 Degrees of Financial Literacy website also has a section devoted to the military and reserves: www.360financialliteracy.org/Life-Stages/ Military-and-Reserves. This information is useful for CPAs wanting more information on financial topics related to the military and clients you may be serving. Another resource to consider is Army OneSource, online at www.myarmyonesource.com. They provide tools to identify your organization as one that assists service members and information on volunteer opportunities. It also offers online financial education tools and games. Additional resources that you may find helpful: • • •

WashingtonCPA November/December 2012

Kiplinger’s Financial Field Manual FINRA’s Saveandinvest.org Better Business Bureau Military Line

By Amy O’Donnell

•

Military Saves and Military Youth Saves Campaigns

Whether you take on a formal or an informal role in supporting our troops, your support and assistance will make a difference. Amy O’Donnell is WSCPA Member Services Manager and can be reached at aodonnell@wscpa.org. STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685) 1. Publication Title: The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 1 October 2012 4. Issue Frequency: Bi-monthly 5. No. of Issues Published Annually: 6 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bellevue, King, Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher: Washington Society of Certified Public Accountants, Editor: Jeanette Kebede, Managing Editor: n/a, Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name: The Washington CPA 14. Issue Date for Circulation Data Below: September/October 2012 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preceding 12 Months, Actual No. Copies of Single Issue Published Nearest to Filing Date). a. Total No. Copies: 10,050, 10,150 b. Paid and/or Requested Circulation: 1. Paid/Requested Outside-County Mail Subscriptions Stated on Form 3541: 4,879, 4473. 1. Paid In-county Subscriptions: 4,832, 4379. Sales through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution: n/a, n/a. 4. Other Classes Mailed Through the USPS: 32, 65 c. Total Paid and/or Requested Circulation (sum of 15b(1) and 15b(2)): 9,743, 8,917 d. Free Distribution by Mail: 1. Outside-County as Stated on Form 3541, 101, 300. In-County as Stated on form 3541, 120, 386. Other Classes Mailed Through the USPS: 0, 0 e. Free Distribution Outside the Mail: 56, 343 f. Total Free Distribution: 277, 1,029 g. Total Distribution: 10,020, 9946 h. Copies not Distributed: 30, 204 i. Total (Sum of 15g, 15h(1), and 15h(2)): 10,050, 10,150 Percent Paid and/ or Requested Circulation: 97%, 87%. Signature and Title of Editor, Publisher, Business Manager, or Owner: Judy Love, Director of Advocacy.

www.wscpa.org

Photo Photoalbum album

Small Firm Career Fair

UW Bothell Beta Alpha Psi Wins National Competition Congratulations to the UW Bothell Beta Alpha Psi Chapter for taking first place at the National Beta Alpha Psi Conference in Baltimore (August 2012).

ÂŠ 2012 Fire Eyes Photography

Northwest Accounting Educators Conference

Delegation from China Department of Treaty and Law, Ministry of Finance Visits WSCPA

Find more photos on the WSCPA Facebook page.

WSCPA Mailing List Policy

The Society does not sell member e-mail or mailing addresses. Members may occasionally receive mail from the Societyâ&#x20AC;&#x2122;s thirdparty affinity partners that offer products or services deemed to provide value to members. If you prefer to be excluded from these mailings, send a request to unsubscribe from third-party mailings to memberservices@wscpa.org or call the Society at (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

www.wscpa.org

WashingtonCPA November/December 2012

CPE Digest We b c as t s The WSCPA’s more than 200 webcasts bring the live CPE experience to your computer. Give webcasts a try by viewing these sample webcasts. Scan the QR codes below, or go to YouTube.

Pacific NW Constr uction Industr y Conference November 8-9 | 8:00 a.m. - 4:30 p.m. Bell Harbor International Conference Center, Seattle, WA

“Great conference! Good topics/variety, great food.”

General Sessions WashingtonCPAs

Revenue Budgeting - How to Get Your Revenue Forecast RIGHT the First Time! with Ron Rael, CPA

In this interactive webcast, you will discover how successful firms forecast their revenues by nailing down revenue assumptions. Ron Rael has trained thousands of leaders and business professionals in the US and Canada. DATE

Nov 10

Nov 20

Dec 6

Jan 17

Feb 13

TIME

9am-12pm

3-5pm

8-11am

CODE

SWEB022

WEB152

WEB177

WEB235

WEB260

CPE

3 credits

great facility, - 2011 attendee

A&A Update for the Construction Industry Construction Industry Tax Update Leveraging Your Competitive Advantage by Improving Productivity Contractor Panel Project Construction Management Improving Cash Flow Insurance/Surety Market Update Banking Panel

Concurrent Sessions

Internal Controls: An Ounce of Prevention is Worth a Pound of Cure Construction Liens in Residential and Commercial Contexts Getting Paid: A Primer Building Your Talent Pool for Future Growth Hot Washington Tax Developments for the Construction Industry Political Update Economic Outlook -- Local, Regional, National, Global ESOPs as an Exit Strategy – What Owners and Executives Need to Know

FEES WSCPA Members $575 Non Members $650

Co-sponsor

Includes 16 CPE credits, lunch, free parking, and networking reception

Scan the QR codes above with your

Learn more and register for CIC at www.wscpa.org/conferences

smart phone barcode scanner app to

DATE

Nov 26

Dec 17

TIME

12-2pm

CODE

WEB156

WEB194

CPE

2 credits

each webcast.

View this webcast and gain an understanding of after-death planning issues of a decedent’s estate. Art Werner has presented more than 2,000 eight-hour seminars over the past 20 years.

Infor mation Tec hnology Conference December 10-11 | 8:00 a.m. - 4:00 p.m. Meydenbauer Center, Bellevue, WA

Learn more and register today at www.wscpa.org/cpe/catalog!

WashingtonCPA November/December 2012

www.wscpa.org

Take a test drive

Post Mortem Estate Planning with Art Werner, JD, MS Taxation

watch a sample of

Not-For-Profit Conference

Fraud Conference

November 15-16 | 8:00 a.m. - 4:30 p.m. Bell Harbor International Conference Center, Seattle, WA

December 7, 2012 | 8:00 a.m. - 4:20 p.m. Courtyard Marriott Bellevue, “It was valuable to me to hear Bellevue, WA about real life

“I learned a lot and felt highly energized with many new ideas to try and implement.”

General Sessions

FASB Update State of the State Sector - 2011 attendee Building a Nonprofit Movement Secrets to Success in the Finance-Development Partnership Fierce Competition and Industry Consolidation Speaking When You Don’t Want To

General Sessions

Analyze Financial Statements Like a Banker Do I Have What It Takes to Make the Move to CFO? Hot Washington Tax Developments for Nonprofits Dealing with Difficult People Panel: Federal Grant Compliance (A-133) Issues and Solutions Avoiding and Surviving IRS Tax-Exempt Bond Audits Creating a Powerful Investment Policy Statement FASB Hot Topics Sound Governance and Leadership for Nonprofit Organizations Endowment Management Avoid Problems on Your A-133 Audit Form 990 Update and Hot Topics

FEES WSCPA Members $425 Non Members $500

Webcast $375 $450

Includes 16 CPE credits, lunch, free parking and networking reception

Learn more and register for NFPC or WEBNFPC (webcast) at www.wscpa.org/conferences

fraud scenarios.”

Computer Forensics Identity Theft Related Fraud Schemes: Detection and Prevention Data Breaches: An Analysis of Internal and External Causal Factors and State and Federal Data Notification and Data Protection Legislation Breard and Hiatt Case Studies and Securities Hot Topics Corporate Fraud Mortgage Fraud Co-sponsor

FEES WSCPA Members $250 Non Members $325

www.wscpa.org

Pacific Northwest Chapter

Includes 8 CPE credits, lunch, and free parking

Learn more and register for FDC at www.wscpa.org/conferences

“Lots of useful info about new technology. Good speakers who were experienced and knowledgeable.” - 2011 attendee

At the Information Technology Conference, learn about the latest technologies of interest to accounting professionals: Ultrabooks, mobile technologies, Windows 8, Office 15, Internet Explorer 10, virtual desktops, cloud and security technology trends. Discover the top 15 all-time Excel hints and tips, and learn other tips to add to your accountant’s bag of technology tricks. This popular conference features multiple concurrent sessions, making it easy to customize your conference experience. Includes 16 CPE credits, lunch and free parking

- 2011 attendee

General Sessions

FEES WSCPA Members $580 Non Members $660

Learn more and register for ITC at www.wscpa.org/conferences WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

Course

Code

NEW CPE

events by location # WSCPA education and events scheduled for October 24December, 2012 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE/Event Catalog at www.wscpa.org/CPE/catalog, you can search by location.

For more details, search by code at www.wscpa.org/cpe

events added daily to: www.wscpa.org/CPE/catalog

Type

2012-2013 EVENT SCHEDULE To view the complete schedule of events through May 2013, refer to the CPE/Event Catalog at www.wscpa.org. LEARN MORE To view complete course details, please visit the CPE/ Event Catalog at www.wscpa.org/CPE/catalog.

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility A&A CS EB PFP

SUBJECTS The main subject area is listed for each program.

Ethics GNP MG PD SK

Need help finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800.

TAX TEC

Fees

Date

CPE Credits

Course

WSCPA NonAICPA Code Member Member Member For more details, Discount Fee Fee search by code at www.wscpa.org/cpe

Facility

Type

Subject

Accounting and Auditing Consulting Services Employee Benefits Estate/Financial Planning Ethics Government / NFP Management Personal Development Specialized Knowledge Taxation Technology

Subject

Bellevue Oct 24

AICPA’s Annual Update for Controllers, 8am-4pm

SKSB01

285

360

WSCPA

A&A

Oct 24

Power Tips and Tricks for Microsoft Excel with Sandy Rylander, 8-11:30am

PTT

140

175

WSCPA

TEC

Oct 24

Microsoft Excel Tables and Data Tools with Sandy Rylander, 12:30-4pm

METDT

140

175

WSCPA

TEC

Oct 24

Financial Literacy and Presentation Skills, 9am-12:30pm

CTVFL04

WSCPA

Oct 25

Financial Managers Career Skills Workshop, 8am-4pm

FMCS

285

360

-30

WSCPA

Oct 25

AICPA’s Annual Tax Update: Individuals and Sole Proprietors, 8am-4pm

TSUI01

285

360

-30

WSCPA

TAX

Oct 26

AICPA’s Annual Tax Update: Corporations and Pass-Through Entities, 8am-4pm

TSUC01

285

360

-30

WSCPA

TAX

Oct 26

OneNote 2010 Essential Training with Sandy Rylander, 8-11:30am

ONET401

140

175

WSCPA

TEC

Oct 26

Word Tips and Tricks with Sandy Rylander, 12:30-4pm

WTT401

140

175

WSCPA

TEC

Oct 29

Common Frauds and Internal Controls for Revenue, Purchasing and Cash Receipts, 8am-4pm

CFIC

285

360

-30

WSCPA

A&A

Oct 29

Variable Interest Entity Consolidation Rules: Not Just a Big Company Issue! 8am4pm

VIE

285

360

-30

WSCPA

A&A

Oct 30

Advanced Income Tax Accounting - Including Practical Application Exercises, 8am-4pm

ADTX

285

360

-30

WSCPA

A&A

Oct 30

Internal Control Deficiencies: Assessment and Reporting Under SAS 115, 8am4pm

ICDAR

285

360

-30

WSCPA

A&A

-30

Oct 31

LLC and Partnership Taxation: Beyond the Basics, 8am-4pm

NBLLC

285

360

Oct 31

Real-World Fraud: War Stories from the Front Lines, 8am-4pm

RWFR

295

370

Nov 1

Form 990: Moving Beyond the Basics, 8am-4pm

AF990

285

360

Nov 1

I See It! Bringing into Focus the New Clarified Auditing Standards, 8am-4pm

GNFR

295

Nov 2

Ethics Training for CPAs in Washington by Thomas Neill (WA State Requirement), 8-11:30am

CENRW404

185

Advanced Real Estate Accounting, Auditing & Taxation, 8am-4pm

ARE

285

360

Complete Strategies for Maximizing Contributions, Rollovers, Distributions, and Estate Planning of IRAs, SIMPLEs, SEPs, and Roths, 8am-4pm

CIRA

295

370

-30

WSCPA

TAX

WSCPA

A&A

WSCPA

TAX

370

WSCPA

A&A

220

WSCPA

Ethics

-30

Nov 5

Nov 6

Business Law for Accountants, 8am-4pm

BLT

285

360

Nov 6

Effectively and Efficiently Reviewing Tax Returns in Busy Season, 8am-4pm

ERTW01

295

370

Nov 7

The Best Federal Tax Update Course by Surgent McCoy, 8am-4pm

BFTU01

295

370

WSCPA

TAX

Nov 7

The Top Ten Fraud Schemes: How to Detect and Prevent Them, 8am-4pm

TMCF

285

360

-30

WSCPA

A&A

Nov 8

Studies on Single Audit and Yellow Book Deficiencies, 8am-4pm

SAYB

285

360

-30

WSCPA

GNFP

Nov 8

Streamline Tax Staff Training - Level 1- Individual with Case Study for 1040, 8am4pm

STSI

285

360

WSCPA

TAX

Nov 9

Advanced Auditing of HUD-Assisted Projects, 8am-4pm

EOAHUD

285

360

WSCPA

A&A

Nov 9

Streamline Tax Staff Training - Level 2- Business with Case Study of 1065 & 1120S, 8am-4pm

STSB

285

360

WSCPA

TAX

Nov 12

Single-Member LLC (Schedule C And E) Strategies Update And Form 1065 LLCLLP Compliance Review (LLC/LLP Super course), 8am-4pm

LLTC

290

365

WSCPA

TAX

WashingtonCPA November/December 2012

-30

WSCPA

A&A

WSCPA

TAX

WSCPA

TAX

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Type

Busy Season Update - Part 1 Of 2 - The Essential New Tax Developments, 8am4pm

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

BSEU1

290

WSCPA

TAX

For more details, search by code at www.wscpa.org/cpe

Nov 13

365

Nov 13

The Complete Guide to Payroll Taxes and 1099 Issues, 8am-4pm

CGPT

295

370

WSCPA

TAX

Nov 14

Busy Season Update - Part 2 Of 2 - Tax Planning Review And Compliance Update - Business And Individual Clients, 8am-4pm

BSEU2

290

365

WSCPA

TAX

Nov 14

Fair Value Accounting: A Critical New Skill for All CPAs, 8am-4pm

FVA

285

360

-30

WSCPA

A&A

Nov 15-16

IFRS Essentials with GAAP Comparison: Building a Solid Foundation, 8am-4pm

IFRS

485

600

-30

WSCPA

A&A

Nov 15 Nov 15

8 1.5 S

Surgent McCoy’s Advanced Individual Income Tax Return Issues, 8am-4pm

STRI

295

370

WSCPA

TAX

Professional Standards Update, 7:30-9am

CHBA03

Red Lion Bellevue

Nov 19

Excel Data Analysis, 8am-4pm

COMEXD

250

325

WSCPA

TEC

Nov 19

Compilation and Review Standards Update and Review by Walter Haig, 8am-4pm

CRUR04

305

380

WSCPA

A&A

Nov 20

Auditing Standards Update and Review by Walter Haig, 8am-4pm

AUUR01

305

380

WSCPA

A&A

Nov 20

Cash Flow Planning & Management Using Excel, 8am-4pm

COMEXCF

250

325

WSCPA

TEC

Nov 26

Cash and Tax Basis Financial Statements Preparation and Reporting, 8am-4pm

CTB01

285

360

-30

WSCPA

A&A

Nov 26

Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships, 8am-4pm

TLLLO02

285

360

-30

WSCPA

TAX

Nov 27

Advanced Tax Strategies for S Corporations, 8am-4pm

ADVSC

285

360

-30

WSCPA

TAX

Nov 28-29

AICPA’s Annual Accounting and Auditing Workshop, 8am-4pm

AAUW

485

600

-30

WSCPA

A&A

Nov 28

Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8am-4pm

BDPTE02

285

360

-30

WSCPA

TAX

Nov 29-30

AICPA’s 1040 Tax Return Workshop by Sid Kess, 8am-4pm

IITW

485

600

-30

WSCPA

TAX

-30

Nov 30

FASB Review for Industry, 8am-4pm

FASBI02

285

360

WSCPA

A&A

Dec 3

Corporate Accounting: Hone Your Skills, 8am-4pm

285

360

WSCPA

A&A

Dec 3

Washington State Community Property and Estate Tax Law Update, 8am-4pm

WKCP01

285

360

WSCPA

TAX

Dec 4

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy, 8am-4pm

BCPE02

295

370

WSCPA

TAX

Dec 4

Risk Analysis and Management: What Every Financial Manager Must Know, 8am4pm

RAM

285

360

WSCPA

A&A

Dec 5

Excel Pivot Tables, 8am-4pm

COMEXP02

250

325

WSCPA

TEC

Dec 5

CSI: Taxes What CPAs Should Know about Case Initiation, Investigation, and Prosecution of Tax Fraud Allegations, 8am-4pm

CSI02

285

360

Meydenbauer Ctr

TAX

Dec 5

Passive Activity Losses A-Z, 8am-4pm

PAL02

285

360

WSCPA

TAX

Dec 6

Advanced FASB Review: Tackling the Tougher GAAP Issues, 8am-4pm

AFASB

285

360

WSCPA

A&A

Dec 6

Mysterious Interest & Original Issue Discount Rules, 12:30-4pm

MIO402

150

185

WSCPA

TAX

Dec 6

Dec 7

Dec 10

Advanced Tax Strategies for LLC & Partnership Transactions, 8am-4pm

APLPT

285

360

Dec 10

Lean Accounting and Management: Improving Profitability by Streamlining Operations, 8am-4pm

LAMA

285

360

Dec 10-11

16 

Information Technology Conference, 8am-4pm

ITC

580

660

Dec 11

Financial Forecasting and Management Decisions, 8am-4pm

FFMD

285

360

Dec 11

Dealing with Difficult People, 8am-4pm

DWP

285

Dec 12

Negotiating for Success and Building Relationships at the Same Time, 8am-4pm

NFSA

285

Dec 12

Governmental & Nonprofit Annual Update, 8am-4pm

GNAU01

285

360

Dec 12

IRS Practice and Procedure Audits, Appeals, Assessments, 8am-4pm

IPP

285

Dec 13

Preparing Complex 1040s, 8am-4pm

PCR

Dec 14

Washington State CPA Ethics and New Developments by Mark Hugh (WA State Requirement), 8-11:30am

CENRW410

Dec 14

Family Limited Partnership, 8am-4pm

FLP



Unraveling the At Risk Rules, 8-11:30am

UAR402

150

185

WSCPA

TAX

Cost Allocation in Nonprofits: Who Gets It?, 8am-4pm

CAMN

285

360

-30

WSCPA

GNFP

Real Estate Accounting and Financial Reporting: Tackling the Complexities, 8am4pm

REFR

285

360

-30

WSCPA

A&A

Fraud Conference, 8am-4:20pm

FDC

250

325

Courtyard Marriott

-30

WSCPA

TAX

-30

WSCPA

Meydenbauer Ctr

TEC

WSCPA

360

WSCPA

360

Meydenbauer Ctr

WSCPA

GNFP

360

WSCPA

TAX

285

360

WSCPA

TAX

185

220

WSCPA

Ethics

285

360

Meydenbauer Ctr

TAX

www.wscpa.org

-30

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

# ç

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

WSCPA

A&A

WSCPA

TAX

For more details, search by code at www.wscpa.org/cpe

Dec 17

Trusts — The Accountant’s Role Beyond the 1041 (WTLC), 8am-4pm

WTLC

240

315

Dec 17

AICPA’s Annual Tax Update: Corporations and Pass-Through Entities, 8am-4pm

TSUC02

285

360

Dec 18

Effectively and Efficiently Reviewing Tax Returns in Busy Season, 8am-4pm

ERTW02

295

370

WSCPA

TAX

Dec 18

AICPA’s Annual Tax Update: Individuals and Sole Proprietors, 8am-4pm

TSUI02

285

360

-30

WSCPA

TAX

Dec 19

Auditing for Internal Fraud, 8am-4pm

FEAIF

285

360

-30

WSCPA

A&A

Forensic Accounting Investigative Practices, 8am-4pm

FAIP

285

360

-30

WSCPA

A&A

Federal Tax Update, 7:30-9am

CHBA04

Red Lion Bellevue

TAX

WSCPA

TEC

WSCPA

TAX

Dec 20 Dec 20

1.5 S

-30

Dec 21

Excel Functions, Tips, Tricks & Techniques, 8am-4pm

COMEXF02

250

325

Dec 21

AICPA’s 2011 Individual Tax Review Series: Beyond the Basics, 8am-4pm

TRBB

285

360

Dec 27

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8am-4pm

GURSME04

305

380

WSCPA

A&A

Dec 27

Estate Planning for the New Year, 8am-4pm

EPNY

285

360

WSCPA

TAX

Dec 28

Compilation and Review Standards Update and Review by Walter Haig, 8am-4pm

CRUR05

305

380

WSCPA

A&A

Dec 28

Financial Planning for the New Year, 8am-4pm

FPNY

285

360

WSCPA

TAX

Nov 13

Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8am-4pm

TPOC02

285

360

Lakeway Inn & Conf Ctr

TAX

Dec 3

Washington State CPA Ethics and New Developments by Mark Hugh (WA State Requirement), 8-11:30am

CENRW407

185

220

Lakeway Inn & Conf Ctr

Ethics

Dec 4

Washington Tax and New Developments, 8am-4pm

WSTX04

285

360

Lakeway Inn & Conf Ctr

TAX

Dec 17

New Federal Tax Law - Individual & Business Current Developments You Need to Know!, 8am-4pm

NFTL02

290

365

Lakeway Inn & Conf Ctr

TAX

-30

Bellingham

-30

Everett Nov 7

Annual Update for Accountants and Auditors, 8am-4pm

AUAA03

285

360

Comcast Arena Everett

A&A

Dec 3

The Best Individual Income Tax Update Course by Surgent McCoy, 8am-4pm

BITU02

295

370

-30

Comcast Arena Everett

TAX

Dec 7

Ethics Training for CPAs in Washington by Thomas Neill (WA State Requirement), 8-11:30am

CENRW409

185

220

Comcast Arena Everett

Ethics

Dec 20

Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps, 8am-4pm

DTT

285

360

Comcast Arena Everett

TAX

Dec 19

Healthcare Update, 7:30-9:30am

CHPS04

Poodle Dog

-30

Fife S l

Kennewick Nov 29

Federal Tax Update - Individuals (Form 1040), 8am-4pm

FTUI01

290

365

Three Rivers Conv Ctr

TAX

Nov 30

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8am-4pm

FTUB01

290

365

Three Rivers Conv Ctr

TAX

Kent Nov 15

S l

Elder Law, 7:30-9am

CHSK05

Golden Steer Restaurant

Dec 13

S l

Economic Update, 7:30-9am

CHSK06

Golden Steer Restaurant

S l

The National Labor Relations Act and Social Media 2012, 7-9am

CHSV05

Brown Bag Cafe

Kirkland Nov 14 Lynnwood Oct 24

What’s New in Auditing: Implementation of the Clarity Standards, 8am-4pm

SASUP

285

360

Lynnwood Conv Ctr

A&A

Oct 29

49 Tax-Cutting Moves for Individuals, 8am-4pm

FNTC01

285

360

-30

Lynnwood Conv Ctr

TAX

Nov 9

Accounting and Reporting Practices of Not-for-Profit Organizations, 8am-4pm

FSNPO02

285

360

-30

Lynnwood Conv Ctr

GNFP

Dec 5

Forensics and Financial Fraud: Real-World Issues & Answers, 8am-4pm

FFF02

285

360

-30

Lynnwood Conv Ctr

A&A

Dec 10

Washington Tax and New Developments, 8am-4pm

WSTX05

285

360

Lynnwood Conv Ctr

TAX

Dec 18

Federal Tax Update - Individuals (Form 1040), 8am-4pm

FTUI02

290

365

Lynnwood Conv Ctr

TAX

Dec 19

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8am-4pm

FTUB02

290

365

Lynnwood Conv Ctr

TAX

WashingtonCPA November/December 2012

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

For more details, search by code at www.wscpa.org/cpe

Olympia ç

Oct 30

Annual Accounting and Auditing Update, 8am-4pm

ACAU

295

370

Indian Summer Golf

A&A

Nov 2

The Best Individual Income Tax Update Course by Surgent McCoy, 8am-4pm

BITU01

295

370

Indian Summer Golf

TAX

Nov 7

S l

Current Updates to Lease Accounting, 12-1pm

CHOM05

Indian Summer Golf

A&A

Nov 12

Washington CPA Regulatory Ethics for Accountants by James Rigos (WA State Requirement), 8-11:30am

CENRW405

185

220

Indian Summer Golf

Ethics

Dec 5

S l

A Visit with the Internal Revenue Service, 12-1pm

CHOM07

Indian Summer Golf

TAX

Dec 6

FASB Review: Common GAAP Issues Impacting All CPAs, 8am-4pm

FRU

285

360

Indian Summer Golf

A&A

S l

Professional Issues Update, 12-1pm

CHCN04

Florentyna’s Restaurant

Pints and Pals at Pike’s Brewery, 6-8:30pm

NP03

Pike Brewing Co

-30

Pasco Nov 7

Seattle Oct 25 Oct 29-30

16 

Pacific Tax Institute, 8am-4:30pm

PTI01

700

775

Bell Harbor Intl Conf Ctr

TAX

Oct 29

 S

Pacific Tax Institute-10/29/12 only, 8am-4:30pm

PTI02

350

425

Bell Harbor Intl Conf Ctr

TAX

Oct 30

 S

Pacific Tax Institute-10/30/12 only, 8am-4:30pm

PTI03

350

425

Bell Harbor Intl Conf Ctr

TAX

Nov 1

Y 

Accounting & Auditing Conference, 8am-4pm

AAC

325

400

Bell Harbor Intl Conf Ctr

A&A

Nov 5

Bankruptcy Today: What Every CPA Must Know!, 8am-4pm

BNKT

285

360

-30

Bell Harbor Intl Conf Ctr

Nov 6

Right The First Time: Cases In Not-For-Profit Accounting And Auditing, 8am-4pm

CNFP

285

360

-30

Bell Harbor Intl Conf Ctr

GNFP

Nov 7

AICPA’s Annual Update: Top 10 GAAP Issues Facing CPAs, 8am-4pm

TTGP

285

360

-30

Bell Harbor Intl Conf Ctr

A&A

Nov 8

Internal Control Essentials for Financial Managers, Accountants, and Auditors, 8am-4pm

ICDAD01

285

360

-30

Bell Harbor Intl Conf Ctr

A&A

Nov 8-9

16 

Pacific NW Construction Industry Conference, 8am-4:30pm

CIC

650

Bell Harbor Intl Conf Ctr

Nov 14

Health Care Reform Act Critical Tax Insurance Ramifications for You,Your Business and Your Clients, 8-11:30am

CL4HCRA

150

185

Bell Harbor Intl Conf Ctr

TAX

Nov 14

High Sensitivity Advanced Topics Independence, Integrity, Objectivity, Confidentiality and Fiduciary Duty, 12:30-4pm

HSAT401

150

185

Bell Harbor Intl Conf Ctr

Nov 15

Small Business Accounting and Auditing Update, 8am-4pm

SBAA02

285

360

Nov 15-16

16 

Not-for-Profit Conference, 8am-4:30pm

NFPC

500

Nov 16

International Taxation: To and From the United States, 8am-4pm

ITTF

285

360

Nov 19

Washington State CPA Ethics and New Developments by Mark Hugh (WA State Requirement), 8-11:30am

CENRW406

185

220

Nov 27

Annual Update for Accountants and Auditors, 8am-4pm

AUAA04

285

360

Nov 28

New Federal Tax Law - Individual & Business Current Developments You Need to Know!, 8am-4pm

NFTL01

290

365

Nov 29

Compilation and Review Engagement Essentials, 8am-4pm

ICRE

285

360

Dec 6

Cash and Tax Basis Financial Statements - Preparation and Reporting, 8am-4pm

CTB02

285

Dec 7

IFRS Update and Review of Complex Topics, 8am-4pm

IUP

285

Dec 10

Applying the Audit Risk Assessment Standards A Course for Newer Auditors, 8am-4pm

RANA

Dec 12

What Board Treasurers Need to Know, 8-11:30am

Dec 20

-30

Bell Harbor Intl Conf Ctr

A&A

Bell Harbor Intl Conf Ctr

A&A

Bell Harbor Intl Conf Ctr

TAX

Bell Harbor Intl Conf Ctr

Ethics

Bell Harbor Intl Conf Ctr

A&A

Bell Harbor Intl Conf Ctr

TAX

-30

Bell Harbor Intl Conf Ctr

A&A

360

-30

WA State Conv Ctr

A&A

360

-30

WA State Conv Ctr

A&A

285

360

-30

WA State Conv Ctr

A&A

WBTN402

110

WA State Conv Ctr

A&A

Washington CPA Regulatory Ethics for Accountants by James Rigos (WA State Requirement), 8-11:30am

CENRW412

185

220

WA State Conv Ctr

Ethics

Accounting and Reporting Standards Annual Update and Review by Walter Haig, 8am-4pm

ARSUR03

535

650

DoubleTree Guest Suites Southcenter

A&A

Y 6

-30

Southcenter (Tukwila) Dec 13-14

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Spokane Oct 25

Oct 25

S l

Communicating with the Department What the Department of Revenue Wants You To Know, 12-2pm

CHSP05

The Lincoln Center

S l

Spokane Fall Series Registering for All Four Classes

CHSP09

180

The Lincoln Center

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy, 8am-4pm

BCPE01

295

370

Hampton Inn Spokane

TAX

Nov 1

S l

Retirement Plan Diagnostic Check Up and Participant Investment and Spend Down Decisions, 12-2pm

CHSP06

The Lincoln Center

Nov 2

Latest Developments in Nonprofit Accounting and Auditing 2012, 8am-4pm

NPAA

295

370

Hampton Inn Spokane

A&A

Nov 8

S l

Why Simple IT Does More but Costs Less, 12-2pm

CHSP07

The Lincoln Center

TEC

Nov 9

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8am-4pm

GURSME03

305

380

Hampton Inn Spokane

A&A

Nov 12

Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8am-4pm

TPOC01

285

360

Hampton Inn Spokane

TAX

Building Bridges at Double Tree in Spokane, 6-8:30pm

NP04

DoubleTree Hotel Spokane City Ctr

Nov 13

-30

Nov 14

Form 1041: Income Taxation of Estates and Trusts, 8am-4pm

ITET

285

360

Hampton Inn Spokane

TAX

Nov 14

S l

E Claire Daniels Who is the Typical Fraudster? 12-2pm

CHSP02

-30

The Spokane Club

A&A

Nov 15

S l

Non-Profit / A-133 (Single Audit) Update, 12-2pm

CHSP08

The Lincoln Center

A&A

Nov 16

Compilation and Review Standards Update and Review by Walter Haig, 8am-4pm

CRUR03

305

380

Hampton Inn Spokane

A&A

Nov 19

Convergence and Private Company Accounting: More Changes on the Financial Reporting Horizon, 8am-4pm

CPCA

285

360

Hampton Inn Spokane

A&A

Nov 20

Fraud Alert! Prevention & Follow-up, 8am-4pm

285

360

Hampton Inn Spokane

A&A

Dec 4

Washington State Community Property and Estate Tax Law Update, 8am-4pm

WKCP02

285

360

Hampton Inn Spokane

TAX

Dec 6

Excel Tips, Tricks and Techniques for Accountants, 8am-4pm

EXL02

285

360

Hampton Inn Spokane

TEC

Dec 7

Technology for CPAs: Don’t Get Left Behind, 8am-4pm

TEC01

285

360

Hampton Inn Spokane

TEC

Dec 11

Frequent Frauds Found in Governments and Not-For-Profits, 8am-4pm

FFGN

285

360

Hilton Garden Inn Airport

GNFP

Happy Hour Networking Event, 5-7pm

NP10

Steam Plant Grill

Washington State CPA Ethics and New Developments by Mark Hugh (WA State Requirement), 8-11:30am

CENRW411

185

220

Hampton Inn Spokane

Ethics

Washington Tax and New Developments, 8am-4pm

WSTX06

285

360

Hampton Inn Spokane

TAX

49 Tax-Cutting Moves for Individuals, 8am-4pm

FNTC02

285

360

-30

Courtyard Marriott

TAX

Nonprofit Auditing and Accounting Update, 8am-4pm

NAU

285

360

-30

Courtyard Marriott

GNFP

-30

Courtyard Marriott

A&A

Courtyard Marriott

TAX

Dec 11 Dec 17

Dec 18

-30

Tacoma

Oct 30

Nov 8

Nov 9

Internal Control Essentials for Financial Managers, Accountants, and Auditors, 8am-4pm

ICDAD02

285

360

Nov 14

Reading, Understanding, & Structuring LLC & Partnership Agreements for a CPA’s Perspective, 8am-4pm

RUSA

295

370

Nov 15

S Corporation Key Issues, Compliance, and Strategies: An IRS Target Area, 8am4pm

SCORP02

285

360

-30

Courtyard Marriott

TAX

Dec 3

Advanced Update for Compilation, Review and Accounting Services, 8am-4pm

RPCR02

285

360

-30

Courtyard Marriott

A&A

Dec 4

Forensics and Financial Fraud: Real-World Issues & Answers, 8am-4pm

FFF01

285

360

-30

Courtyard Marriott

A&A

Dec 5

Washington CPA Regulatory Ethics for Accountants by James Rigos (WA State Requirement), 8-11:30am

CENRW408

185

220

Courtyard Marriott

Ethics

Dec 6

AICPA’s Annual Update: Top 12 Audit Issues Facing CPAs, 8am-4pm

TTAU

285

360

-30

Courtyard Marriott

A&A

Dec 11

Tax Update for Pass-Through Entities: S Corporations, Partnerships and LLCs, 8am-4pm

TUPTE

285

360

-30

Courtyard Marriott

TAX

Dec 13

Governmental & Nonprofit Annual Update, 8am-4pm

GNAU02

285

360

-30

Courtyard Marriott

GNFP

Dec 17

The Best Federal Tax Update Course by Surgent McCoy, 8am-4pm

BFTU02

295

370

Courtyard Marriott

TAX

S l

Health Care Reform, 7:30-9:30am

CHYK03

Howard Johnson Plaza

Yakima Nov 13

WashingtonCPA November/December 2012

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Dec 11

Type

S l

Course

Current State of Banking and Real Estate, 7:30-9:30am

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

CHYK04

Howard Johnson Plaza

For more details, search by code at www.wscpa.org/cpe

Your Desk: Webcasts and Webinars Oct 24

WEBCAST 2012 Not-For-Profit Accounting, Auditing And Tax Update, 7am-3pm

WEB126

195

245

Webcast

GNFP

Oct 24

WEBCAST What Your Broker Won’t Tell You About Insurance Planning, 8:30am4:30pm

WEB124

255

295

Webcast

Oct 24

WEBCAST Small Firm Best Practices Conference, 8:30am-4:30pm

WEB125

255

295

Webcast

Oct 24

WEBINAR Creating the Best Projections You Can, 8-10am

WNR192

Webinar

Oct 24

WEBINAR Fraud Alert - How Fraud Can Impact You!, 11am-1pm

WNR193

Webinar

A&A

Oct 25

WEBCAST SSAE16 The New Standard for Service Organization Reporting, 9-11am

WEB127

109

Webcast

A&A

Oct 25

WEBCAST 1099 Changes and Best Practices, 10:30am-12:30pm

WEB340

109

Webcast

TAX

Oct 25

WEBCAST The Top 10 Legal Mistakes Companies Make and How to Avoid Them, 11am-1pm

WEB341

109

Webcast

Oct 25

WEBINAR Nonprofit Boards: Stepping Up to Today’s Challenges, 8-10am

WNR194

Webinar

GNFP

Oct 25

WEBINAR S Corporations: Financial Accounting - Part I, 7-9am

WNR196

Webinar

A&A

Oct 25

WEBINAR S Corporations: Financial Accounting - Part II, 10am-12pm

WNR197

Webinar

A&A

Oct 26

WEBCAST Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8:30am-4:30pm

WEB395

255

295

Webcast

TAX

Oct 26

WEBCAST Employment Practices Conference, 8:30am-4:30pm

WEB128

255

295

Webcast

Oct 27

WEBCAST-SATURDAY Washington CPA Ethics and New Developments (A WA Requirement), 8am-12pm

SWEB018

164

194

Webcast

Ethics

Oct 27

WEBCAST-SATURDAY Washington Sales Tax and New Developments, 12-4pm

SWEB019

129

159

Webcast

TAX

Oct 27

WEBCAST-SATURDAY Yellow Book Audits - What You Need to Know, 9am-1pm

SWEB020

129

159

Webcast

GNFP

Oct 27

WEBCAST-SATURDAY Hud Audits – What You Need to Know, 9am-1pm

SWEB021

129

159

Webcast

A&A

Oct 29

WEBCAST Problem Solving and Creative Thinking for CPAs, 7-11am

WEB342

129

159

Webcast

Oct 29

WEBCAST Marketing For CPAs, 7-11am

WEB343

129

159

Webcast

Oct 29-30

WEBCAST Pacific Tax Institute, 8am-4:30pm

WEBPTI

600

675

Webcast

TAX

Oct 29

WEBCAST Tax Accounting Basics, 8:30am-4:30pm

WEB130

255

295

Webcast

A&A

Oct 29

WEBCAST The Art of High-End Estate Planning, 8:30am-4:30pm

WEB129

255

295

Webcast

PFP

Oct 29

WEBINAR The Ethics of Risk Management (Not WA Ethics Compliant), 11am1pm

WNR198

Webinar

Oct 29

WEBINAR Risk Analysis and Management, 8-10am

WNR199

Webinar

A&A

Oct 30

Oct 31

Oct 31 Oct 31

WEBCAST Transfer Pricing: Basic Rules, Structures and More, 10am-12pm

WEB288

109

Webcast

TAX

WEBCAST Getting on Top of It All: The New Science for Increasing Productivity in Yourself and Others, 7-11am

WEB344

129

159

Webcast

WEBINAR Client Portals - How to Develop a Strategic Model, 8-10am

WNR200

Webinar

TEC

WEBINAR Microsoft Office 2007/2010 - What’s New?, 11am-1pm

WNR201

Webinar

TEC

Nov 1

WEBCAST Accounting & Auditing Conference, 8am-4pm

WEBAAC

275

350

Webcast

A&A

Nov 1

WEBCAST Form 1041 Introduction, 8:30am-4:30pm

WEB132

255

295

Webcast

TAX

Nov 1

WEBINAR 2012 Tax Season Update for Business, 11am-1pm

WNR202

Webinar

TAX

Nov 1

WEBINAR 2012 Tax Season Update for Individuals, 8-10am

WNR203

Webinar

TAX

Nov 2

WEBCAST Free Cash Flow - The Key to Shareholder Value, 7am-2pm

WEB345

195

225

Webcast

Nov 2

WEBCAST Financial Statement Disclosures for the Tax Practitioner, 8:30am4:30pm

WEB325

255

295

Webcast

A&A

Nov 2

WEBCAST ESOPs: Uses, Strategies, Benefits and Pitfalls, 8:30am-4:30pm

WEB135

255

295

Webcast

Nov 2

WEBCAST Family Law Conference, 8:30am-4:30pm

WEB134

255

295

Webcast

Nov 3

WEBCAST-SATURDAY Pricing for Profitability Why Cost Matters, 9-11am

SWEB054

109

Webcast

A&A

Nov 5

WEBCAST Small Business Internal Control, Security and Fraud Prevention and Detection, 8:30am-4:30pm

WEB136

255

295

Webcast

A&A

Nov 5

WEBCAST Stocks, Bonds and Mutual Funds: A Comprehensive Guide to Successful Investing, 8:30am-4:30pm

WEB137

255

295

Webcast

Nov 5

WEBINAR Excel - Tips for Eliminating Errors from Your Spreadsheets, 10am-12pm

WNR204

Webinar

TEC

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Nov 5

WEBINAR iPad - How tto Use an iPad for Beginners, 7-9am

WNR205

Webinar

TEC

Nov 6

WEBINAR S Corporations: Calculation of AAA, Basis Calculations and Loans, 11am-1pm

WNR206

Webinar

TAX

Nov 6

WEBINAR Tax Practice Ethics: Best Practices (Not WA Ethics Compliant), 8-10am

WNR207

Webinar

TAX

Nov 7

WEBCAST Pension and Profit-Sharing Plan Strategies, 8:30am-4:30pm

WEB138

255

295

Webcast

Nov 7

WEBCAST Tax Planning and Compliance for Multinational Families, 8:30am4:30pm

WEB139

255

295

Webcast

TAX

Nov 7

WEBINAR The Digital Office - The CPA Technology Toolkit, 8-10am

WNR208

Webinar

TEC

Nov 7

WEBINAR The Digital Office - Scanning and Document Management Solutions, 11am-1pm

WNR209

Webinar

TEC

Nov 7

WEBINAR 2012 Year End Tax Planning - Thinking Outside the Box, 10am-12pm

WNR210

Webinar

TAX

Nov 8

WEBCAST Advanced Employee Benefit Plan Topics, 8:30am-4:30pm

WEB140

255

295

Webcast

A&A

Nov 8

WEBCAST Organization, Outlook and Time Management, 8:30am-4:30pm

WEB141

255

295

Webcast

Nov 8

WEBINAR Fieldwork Complete...Is the Audit Complete? 11am-1pm

WNR211

104

Webinar

A&A

Nov 9

WEBCAST Tax Procedure and Controversy: Principles and Strategies, 8:30am4:30pm

WEB142

255

295

Webcast

TAX

Nov 9

WEBCAST Buying and Selling S Corporations: Tax Planning Opportunities, 8:30am-4:30pm

WEB144

255

295

Webcast

TAX

Nov 9

WEBCAST Building a Remote Consulting Practice, 11am-1pm

WEB143

Webcast

TEC

Nov 9

WEBCAST Central Coast Wine Industry Conference, 8:30am-4:30pm

WEB145

255

295

Webcast

Nov 9

WEBINAR iPad - How to Configure Your iPad for Maximum Value, 8-10am

WNR212

Webinar

TEC

Nov 10

WEBCAST-SATURDAY Revenue Budgeting - How to Get Your Revenue Forecast RIGHT the First Time! (4 of 6 of the Budgeting Series), 9am-12pm

SWEB022

129

Webcast

Nov 10

WEBCAST-SATURDAY Expense and Cost Budgeting - How to Replace Fat with Reality in Your Expense Budget! (5 of 6 in Budgeting Series), 11am-1pm

SWEB023

109

Webcast

Nov 10

WEBCAST-SATURDAY Capital Budgeting - How to Make Every Capital Dollar Provide Value! (6 of 6 of the Budgeting Series), 11am-1pm

SWEB024

109

Webcast

Nov 12

WEBCAST Pricing for Profitability Why Cost Matters, 12-2pm

WEB304

109

Webcast

A&A

Nov 12

WEBCAST Contemporary Cost Concepts Understanding Activity-Based Costing, 8-10am

WEB307

109

Webcast

A&A

Nov 12

WEBCAST Deal Structure for Mergers and Acquisitions Transactions, 8:30am4:30pm

WEB146

255

295

Webcast

TAX

Nov 12

WEBINAR Cloud Computing: Taking Your IT Strategy to the Next Level, 7-9am

WNR213

Webinar

TEC

Nov 12

WEBINAR iPad - Integrating iPads Into Your Accounting Practice, 10am-12pm

WNR214

Webinar

TEC

Nov 12

WEBINAR Take Your Writing to the Next Level: MS Word Can Make You A Better Writer, 11am-1pm

WNR215

Webinar

TEC

Nov 13

WEBCAST Quality Control in a CPA Tax Practice, 8:30am-4:30pm

WEB147

255

295

Webcast

Nov 13

WEBINAR Adobe Acrobat for Accountants I - Basic Features & Functions, 7-9am

WNR216

Webinar

TEC

Nov 13

WEBINAR Adobe Acrobat for Accountants II - Advanced Features & Functions, 10am-12pm

WNR217

Webinar

TEC

Nov 14

WEBCAST Estate, Financial, and Income Tax Planning for the Non-Traditional Client, 3-5pm

WEB286

109

Webcast

TAX

Nov 14

WEBCAST Foreign Investment in the United States: Tax and Related Matters, 5:30am-1:30pm

WEB346

195

245

Webcast

TAX

Nov 14

WEBCAST 2012 SSARS 19 Compilation, 6:30-10:30am

WEB348

129

159

Webcast

A&A

Nov 14

Nov 14 Nov 14 Nov 14

WEBCAST 2012 Audit Planning, 7-9am

WEB349

109

Webcast

A&A

WEBCAST Don’t Go To Work Unless It’s Fun! How CPAs and Financial Professionals Can Become Happier and More Productive, 7am-3pm

WEB350

195

245

Webcast

WEBCAST 2012 Risk Assessment, 1-3pm

WEB351

109

Webcast

A&A

WEBCAST Personal Financial Planning in Intriguing Times, 8:30am-4:30pm

WEB148

255

295

Webcast

PFP

WEBINAR LinkedIn - Basic Tips & Techniques for Accounting Professionals, 8-10am

WNR218

Webinar

TEC

Nov 14

WEBINAR Using LinkedIn as a Business Development Tool, 11am-1pm

WNR219

Webinar

TEC

Nov 15-16

16 Y

WEBCAST Not-for-Profit Conference, 8am-4:30pm

WEBNFPC

450

Webcast

A&A

Nov 15

WEBCAST Real Estate Conference, 8:30am-4:30pm

WEB149

255

295

Webcast

WashingtonCPA November/December 2012

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

For more details, search by code at www.wscpa.org/cpe

Nov 15

WEBINAR Evolving Risk Landscape and Its Impact on the Audit Opinion, 7-9am

WNR220

104

Webinar

A&A

Nov 15

WEBINAR Excel - How to Build a Spreadsheet for Beginners, 2-4pm

WNR222

Webinar

TEC

Nov 15

WEBINAR Outlook Part 3 - Calendar & Contact Management Tips & Techniques, 11am-1pm

WNR223

Webinar

TEC

Nov 16

WEBCAST Enterprise Risk Management for Small and Medium-Sized Enterprises (SMEs): Opportunities Overlooked!, 8:30am-4:30pm

WEB150

255

295

Webcast

A&A

Nov 16

WEBINAR Excel - Financial Analysis Using Financial Functions, 10am-12pm

WNR224

Webinar

TEC

Nov 16

WEBINAR iPad - Everything You Need to Know About iTunes and Your iPad, 7-9am

WNR225

Webinar

TEC

Nov 16

WEBINAR Creating the Best Projections You Can, 8-10am

WNR226

Webinar

Nov 16

WEBINAR Effective Corporate Governance: Working with the Board and Audit Committee, 11am-1pm

WNR227

Webinar

Nov 19

WEBCAST Transfer Pricing: Basic Rules, Structures and More, 10am-12pm

WEB289

109

Webcast

TAX

Nov 19

WEBINAR Excel - Analyze Your Data Using Pivot Tables, 10am-12pm

WNR228

Webinar

TEC

Nov 19

WEBINAR Excel - Best Practices for Printing and Formatting Your Spreadsheets, 7-9am

WNR229

Webinar

TEC

Nov 20

WEBCAST Revenue Budgeting - How to Get Your Revenue Forecast RIGHT the First Time! (4 of 6 of the Budgeting Series), 3-5pm

WEB152

129

Webcast

Nov 20

WEBCAST-EVENING Expense and Cost Budgeting - How to Replace Fat with Reality in Your Expense Budget! (5 of 6 in Budgeting Series), 5-7pm

SWEB026

109

Webcast

Nov 20

WEBCAST-EVENING Capital Budgeting - How to Make Every Capital Dollar Provide Value! (6 of 6 in Budgeting Series), 5-7pm

SWEB027

109

Webcast

Nov 20

WEBCAST Triple Your Memory and Confidence, and Halve Your Stress, 2-6pm

WEB353

129

159

Webcast

Nov 20

WEBCAST Controls, Risks and Financial Reporting, 8:30am-4:30pm

WEB151

255

295

Webcast

A&A

Nov 20

WEBINAR Nonprofit Boards: Stepping Up to Today’s Challenges, 11am-1pm

WNR231

Webinar

GNFP

Nov 20

WEBINAR S Corporations: Election, Conversion, and the Built-in Gain Tax, 10am12pm

WNR232

Webinar

TAX

Nov 20

WEBINAR Travel & Entertainment Expenses: Review & Update, 7-9am

WNR233

Webinar

TAX

Nov 21

WEBINAR Outlook Part 1 - E-Mail Management Tips and Techniques (Basic), 8-10am

WNR234

Webinar

TEC

Nov 21

WEBINAR Outlook Part 2 - E-Mail Management Tips and Techniques (Advanced), 11am-1pm

WNR235

Webinar

TEC

Nov 26

WEBCAST Estate and Gift Taxation: Preparing Forms 706 and 709 - Understanding the Issues, 8am-12pm

WEB155

129

159

Webcast

TAX

Nov 26

WEBCAST Post Mortem Estate Planning, 12-2pm

WEB156

109

Webcast

TAX

WEBCAST Effective Corporate Goverance: Working With The Board and Audit Committee, 7-9am

WEB356

109

Webcast

WEBCAST Creating The Best Projections You Can, 9-11am

WEB357

109

Webcast

A&A

Nov 26

WEBCAST How Good Companies Become Great, 2-4pm

WEB358

109

Webcast

Nov 26

WEBCAST FIN 48: Accounting for Uncertain Tax Positions (ASC Topic 740.10), 8:30am-4:30pm

WEB153

255

295

Webcast

A&A

Nov 26

WEBCAST Living Trust Administration Workshop, 8:30am-4:30pm

WEB154

255

295

Webcast

TAX

Nov 26

WEBINAR How Good Companies Become Great, 11am-1pm

WNR236

Webinar

Nov 27

WEBCAST The Complete Guide to the Line by Line Preparation of Form 1041, 10am-12pm

WEB157

109

Webcast

TAX

Nov 27

WEBCAST Estate, Financial, and Income Tax Planning for the Non-Traditional Client, 12-2pm

WEB158

109

Webcast

TAX

Nov 27

WEBCAST Introduction - The Complete Guide to the Preparation of Form 1041, 8-10am

WEB159

109

Webcast

TAX

Nov 27

WEBCAST Washington CPA Ethics and New Developments (A WA Requirement), 8am-12pm

WEB160

164

194

Webcast

Ethics

WEBCAST Washington Sales Tax and New Developments, 12-4pm

WEB161

129

159

Webcast

TAX

WEBCAST In Depth Memory Training, 7am-3pm

WEB360

195

245

Webcast

Nov 27

WEBCAST 1099 Changes and Best Practices, 7-9am

WEB361

109

Webcast

TAX

Nov 27

WEBCAST Reformatted Financial Statements, 1-3pm

WEB363

109

Webcast

A&A

Nov 27

WEBINAR 2012 Tax Season Update for Business, 11am-1pm

WNR237

Webinar

TAX

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

For more details, search by code at www.wscpa.org/cpe

Nov 27

WEBINAR 2012 Tax Season Update for Individuals, 8-10am

WNR238

Webinar

TAX

Nov 28

WEBCAST Estate Planning Tax Forms Workshop, 7am-3pm

WEB364

195

245

Webcast

TAX

Nov 28

WEBINAR The Top 10 Legal Mistakes Companies Make and How to Avoid Them, 8-10am

WNR240

Webinar

Nov 29

WEBCAST The CFO’s Role in Operational Control, 2-4pm

WEB366

109

Webcast

Nov 29

WEBCAST Introduction to International Taxation, 8:30am-4:30pm

WEB162

255

295

Webcast

TAX

Nov 29

WEBCAST Settled and Approved: Fiduciary Accounting from Start to Finish, 8:30am-4:30pm

WEB163

255

295

Webcast

A&A

Nov 30

WEBCAST Mutual Fund Investing: A Working Knowledge, 8:30am-4:30pm

WEB164

255

295

Webcast

Dec 1

WEBCAST-SATURDAY 2012 Internal Control In the Small To Medium Sized Audit, 7-9am

SWEB056

109

Webcast

A&A

Dec 1

WEBCAST-SATURDAY 2012 Audit Risk, Materiality, and Audit Program Development, 1-3pm

SWEB057

109

Webcast

A&A

Dec 1

WEBCAST-SATURDAY Preventing Legal Issues on Construction, 1-3pm

SWEB058

109

Webcast

Dec 3

WEBCAST Risk Analysis and Management, 9-11am

WEB367

109

Webcast

A&A

Dec 3

WEBCAST-EVENING Auditing for Internal Fraud, 10pm-12am

SWEB059

109

Webcast

A&A

Dec 3

WEBCAST Preparing Complex 1040s, Calculating NOLs, 8:30am-4:30pm

WEB167

255

295

Webcast

TAX

Dec 3

WEBCAST Fundamentals of 1031 Exchanges, 8:30am-4:30pm

WEB168

255

295

Webcast

TAX

Dec 3

WEBINAR Client Portals - How to Develop a Strategic Model, 8-10am

WNR241

Webinar

TEC

Dec 3

WEBINAR Pricing for Profitability: Why Cost Matters, 11am-1pm

WNR242

Webinar

Dec 4

WEBCAST Contemporary Cost Concepts Understanding Activity-Based Costing, 3-5pm

WEB369

109

Webcast

A&A

Dec 4

WEBCAST-EVENING Take Your Writing to the Next Level: MS Word Can Make You A Better Communicator, 5-7pm

SWEB060

109

Webcast

TEC

Dec 4

WEBCAST-EVENING Creating The Best Projections You Can, 6pm-8pm

SWEB061

109

Webcast

A&A

Dec 4

WEBCAST Social Security Benefits: Advising Clients, 8:30am-4:30pm

WEB170

255

295

Webcast

PFP

Dec 4

WEBCAST International Tax and Business Conference, 8:30am-4:30pm

WEB169

255

295

Webcast

TAX

Dec 4

WEBINAR How Is Mobile Computing Changing Business Practices Today?, 10am12pm

WNR243

Webinar

TEC

Dec 4

WEBINAR iPad - How tto Use an iPad for Beginners, 7-9am

WNR244

Webinar

TEC

Dec 4

WEBINAR Contemporary Cost Concepts: Understanding Activity-Based Costing, 11am-1pm

WNR245

Webinar

A&A

Dec 5

WEBCAST Budget Basics - Myths of Budgeting and How to Overcome Them! (1 of 6 of the Budgeting Series), 8-11am

WEB172

129

Webcast

Dec 5

WEBCAST Budget Resource Priorities - How Reality-Based Budgeting Really Works! (2 of 6 of the Budgeting Series), 11am-2pm

WEB173

129

Webcast

Dec 5

WEBCAST Budget Accountability - How to Ensure Accountability Gets Embedded in Your Budget Process! (3 of 6 of the Budgeting Series), 2-5pm

WEB174

129

Webcast

Dec 5

WEBCAST Marketing For CPAs, 11am-3pm

WEB370

129

159

Webcast

Dec 5

WEBCAST Retirement Distributions: Planning Options, 8:30am-4:30pm

WEB171

255

295

Webcast

TAX

Dec 5

WEBINAR iPad - How to Configure Your iPad for Maximum Value, 11am-1pm

WNR246

Webinar

TEC

Dec 6

WEBCAST Revenue Budgeting - How to Get Your Revenue Forecast RIGHT the First Time! (4 of 6 iof the Budgeting Series), 8-11am

WEB177

129

Webcast

Dec 6

WEBCAST Expense and Cost Budgeting - How to Replace Fat with Reality in Your Expense Budget! (5 of 6 of the Budgeting Series), 11am-1pm

WEB178

109

Webcast

Dec 6

WEBCAST Capital Budgeting - How to Make Every Capital Dollar Provide Value! (6 of 6 of the Budgeting Series), 1-3pm

WEB179

109

Webcast

Dec 6

WEBCAST SSAE16 The New Standard for Service Organization Reporting, 9-11am

WEB180

109

Webcast

A&A

Dec 6

WEBCAST Tax Issues in Divorce, 8:30am-4:30pm

WEB175

255

295

Webcast

TAX

Dec 6

WEBCAST Advanced Tax Exempt Organization Issues, 8:30am-4:30pm

WEB176

255

295

Webcast

TAX

Dec 6

WEBINAR Excel - Analyze Your Data Using Pivot Tables, 2-4pm

WNR247

Webinar

TEC

Dec 6

WEBINAR iPad - Review of Top Apps for Business Professionals, 7-9am

WNR248

Webinar

TEC

Dec 7

WEBCAST The Continuing IFRS Journey: Update on an Uncertain Future, 8:30am4:30pm

WEB181

255

295

Webcast

A&A

Dec 7

WEBINAR Excel - Financial Analysis Using Financial Functions, 11am-1pm

WNR248

Webinar

TEC

WashingtonCPA November/December 2012

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

For more details, search by code at www.wscpa.org/cpe

Dec 7

WEBINAR iPad - Everything You Need to Know About iTunes and Your iPad, 8-10am

WNR249

Webinar

TEC

Dec 10

WEBCAST A-133 Audits - How Can I Do it Better? An Auditor’s Perspective for Auditors and Auditees, 8am-12pm

WEB184

129

159

Webcast

A&A

Dec 10

WEBCAST A-133 Audits - What Do I Need to Know? An Auditor’s Perspective for Auditors and Auditees, 12-4pm

WEB185

129

159

Webcast

A&A

Dec 10

WEBCAST Pricing for Profitability Why Cost Matters, 10am-12pm

WEB305

109

Webcast

A&A

Dec 10

WEBCAST Contemporary Cost Concepts Understanding Activity-Based Costing, 7-9am

WEB308

109

Webcast

A&A

Dec 10

WEBCAST Stocks, Bonds and Mutual Funds: A Comprehensive Guide to Successful Investing, 8:30am-4:30pm

WEB183

255

295

Webcast

Dec 10

WEBCAST Wine Industry Conference, 8:30am-4:30pm

WEB182

255

295

Webcast

Dec 10

WEBINAR Total Client Service: Did You Deliver All Services or Just the Audit? 8-10am

WNR250

104

Webinar

A&A

Dec 10

WEBINAR What Brings Value to the Audit? Value-Based Audits? 11am-1pm

WNR251

104

Webinar

A&A

Dec 11

WEBCAST Yellow Book Audits - What You Need to Know, 8am-12pm

WEB186

129

159

Webcast

GNFP

Dec 11

WEBCAST Hud Audits – What You Need to Know, 12-4pm

WEB187

129

159

Webcast

A&A

Dec 11

WEBINAR Communications for Financial Managers: Making Your Message Loud and Clear, 11am-1pm

WNR252

Webinar

Dec 11

WEBINAR Effective Business Writing: Double Your Impact and Cut Writing Time in Half, 8-10am

WNR253

Webinar

Dec 12

WEBCAST 2012 Annual Tax Update, 7am-3pm

WEB188

195

245

Webcast

TAX

Dec 12

WEBCAST Transfer Pricing: Basic Rules, Structures and More, 10am-12pm

WEB290

109

Webcast

TAX

Dec 12

WEBINAR New Reporting Rules for Passive Activity Groupings, 11am-1pm

WNR254

Webinar

TAX

Dec 12

WEBINAR S Corporations: Calculation of AAA, Basis Calculations and Loans, 8-10am

WNR255

Webinar

TAX

Dec 13

WEBCAST Estate Planning Tax Forms Workshop, 7am-3pm

WEB189

195

245

Webcast

TAX

Dec 13

WEBCAST The CFO’s Role in Banking and Financing, 7-9am

WEB372

109

Webcast

Dec 13

WEBCAST-EVENING How Good Companies Become Great, 8-10pm

SWEB062

109

Webcast

Dec 13

WEBINAR Tax Depreciation: Review & Update, 11am-1pm

WNR256

Webinar

TAX

Dec 14

WEBCAST 2012 Business Fraud Update, 7am-3pm

WEB190

195

245

Webcast

A&A

Dec 14

WEBINAR Creating the Best Projections You Can, 8-10am

WNR257

Webinar

Dec 14

WEBINAR The Five Acquistion Questions - What They Are and Why They Matter, 11am-1pm

WNR258

Webinar

Dec 15

WEBCAST-SATURDAY Introduction - The Complete Guide to the Preparation of Form 1041, 9-11am

SWEB004

109

Webcast

TAX

Dec 17

WEBCAST Estate and Gift Taxation: Preparing Forms 706 and 709 - Understanding the Issues, 8am-12pm

WEB193

129

159

Webcast

TAX

Dec 17

WEBCAST Post Mortem Estate Planning, 12-2pm

WEB194

109

Webcast

TAX

Dec 17

WEBCAST CPA’s Guide To Tax Planning For Debt Cancellation And Restructuring, 7am-3pm

WEB195

195

245

Webcast

TAX

Dec 17

WEBCAST Audits of 401(k) Plans, 8:30am-4:30pm

WEB191

255

295

Webcast

A&A

Dec 17

WEBCAST Audit Standards Update: Clarity Standards Overview, 8:30am-4:30pm

WEB192

255

295

Webcast

A&A

Dec 17

WEBINAR 10 Steps to a Digital Office in the Cloud, 7-9am

WNR259

Webinar

TEC

Dec 17

WEBINAR The Digital Office - Infrastructure and the Cloud, 10am-12pm

WNR260

Webinar

TEC

Dec 17

WEBINAR Closing Best Practices - Shortening Month-End, 8-10am

WNR261

Webinar

A&A

Dec 17

WEBINAR Fraud Alert - How Fraud Can Impact You!, 11am-1pm

WNR262

Webinar

A&A

Dec 18

WEBCAST The Complete Guide to the Line by Line Preparation of Form 1041, 10am-12pm

WEB196

109

Webcast

TAX

Dec 18

WEBCAST Estate, Financial, and Income Tax Planning for the Non-Traditional Client, 12-2pm

WEB197

109

Webcast

TAX

Dec 18

WEBCAST Introduction - The Complete Guide to the Preparation of Form 1041, 8-10am

WEB198

109

Webcast

TAX

Dec 18

WEBCAST 2012 Governmental Accounting And Auditing Update, 7am-3pm

WEB199

195

245

Webcast

GNFP

Dec 18

WEBCAST Free Cash Flow - The Key to Shareholder Value, 2-9pm

WEB373

195

225

Webcast

Dec 18

WEBCAST-EVENING The CFO’s Role in Operational Control, 9-11pm

SWEB066

109

Webcast

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2012

Education and events

Fees

Date

CPE Credits

Course

Type

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

For more details, search by code at www.wscpa.org/cpe

Dec 18

WEBINAR Excel - Spreadsheet Design Techniques You Must Know - Part 1, 8-10am

WNR263

Webinar

TEC

Dec 18

WEBINAR Excel - Spreadsheet Design Techniques You Must Know - Part 2, 11am-1pm

WNR264

Webinar

TEC

Dec 18

WEBINAR Tax Practice Ethics: Updated AICPA Statements on Standards of Tax Practice (Not WA Ethics Compliant), 7-9am

WNR265

Webinar

TAX

Dec 19

WEBCAST 2012 Compilation & Review Update, 7am-3pm

WEB200

195

245

Webcast

A&A

WEBCAST Don’t Go To Work Unless It’s Fun! How CPAs and Financial Professionals Can Become Happier and More Productive, 8am-4pm

WEB374

195

245

Webcast

Dec 19

WEBCAST Interviewing and Interrogation, 9-11am

WEB376

109

Webcast

A&A

Dec 19

WEBINAR The Characteristics of a Successful Auditor, 8-10am

WNR266

104

Webinar

A&A

Dec 19

WEBINAR The Goal of the Audit, 11am-1pm

WNR267

104

Webinar

A&A

Dec 20

WEBCAST Estate Planning Tax Forms Workshop, 7am-3pm

WEB201

195

245

Webcast

TAX

Dec 20

WEBCAST 2012 SSARS 19 Compilation, 6:30-10:30am

WEB378

129

159

Webcast

A&A

Dec 20

WEBCAST 2012 Risk Assessment, 7-9am

WEB379

109

Webcast

A&A

Dec 20

WEBCAST The CFO’s Role in Operational Control, 10am-12pm

WEB380

109

Webcast

Dec 20

WEBCAST 2012 Audit Risk, Materiality, and Audit Program Development, 11am1pm

WEB381

109

Webcast

A&A

Dec 20

WEBCAST 1099 Changes and Best Practices, 12-2pm

WEB382

109

Webcast

TAX

Dec 20

WEBINAR Word - Advanced Tips, Tricks & Techniques, 11am-1pm

WNR268

Webinar

TEC

Dec 20

WEBINAR Windows 7 - Tips & Techniques, 8-10am

WNR269

Webinar

TEC

Dec 20

WEBINAR Foreign Account Reporting Requirements: Forms, Issues, and Penalties, 7-9am

WNR270

Webinar

TAX

Dec 20

WEBINAR S Corporations: Election, Conversion, and the Built-in Gain Tax, 10am12pm

WNR271

Webinar

TAX

Dec 21

WEBCAST 2012 Banking Financial And Compliance Update Series - Fourth Quarter Update, 8am-12pm

WEB203

129

159

Webcast

Dec 21

WEBCAST 2012 Not-For-Profit Accounting, Auditing And Tax Update, 7am-3pm

WEB383

195

245

Webcast

GNFP

Dec 21

WEBCAST Essential Documentation and Review of Working Papers, 8:30am4:30pm

WEB202

255

295

Webcast

A&A

Dec 21

WEBINAR Cloud Computing: Taking Your IT Strategy to the Next Level, 10am12pm

WNR272

Webinar

TEC

Dec 21

WEBINAR iPad - Integrating iPads Into Your Accounting Practice, 7-9am

WNR273

Webinar

TEC

Dec 26

WEBINAR S Corporations: Financial Accounting - Part I, 8-10am

WNR274

Webinar

A&A

Dec 26

WEBINAR Travel & Entertainment Expenses: Review & Update, 11am-1pm

WNR275

Webinar

TAX

Dec 27

WEBCAST 2012 Accounting & Auditing Update, 7am-3pm

WEB204

195

245

Webcast

A&A

Dec 27

WEBINAR XBRL Level 1 - The Next Evolution in Financial Reporting, 7-9am

WNR276

Webinar

TEC

Dec 27

WEBINAR 2012 Tax Season Update for Business, 11am-1pm

WNR277

Webinar

TAX

Dec 27

WEBINAR 2012 Tax Season Update for Individuals, 8-10am

WNR278

Webinar

TAX

Dec 28

WEBCAST Washington CPA Ethics and New Developments (A WA Requirement), 8am-12pm

WEB165

164

194

Webcast

Ethics

Dec 28

WEBCAST Washington Sales Tax and New Developments, 12-4pm

WEB166

129

159

Webcast

TAX

Dec 28

WEBCAST 2012 Annual Tax Update, 7am-3pm

WEB205

195

245

Webcast

TAX

Dec 28

WEBINAR Excel - Analyze Your Data Using Pivot Tables, 7-9am

WNR279

Webinar

TEC

Dec 28

WEBINAR Excel - Best Practices for Printing and Formatting Your Spreadsheets, 10am-12pm

WNR280

Webinar

TEC

Dec 28

WEBINAR Financial Accounting for LLCs and Partnerships - Part I, 11am-1pm

WNR281

Webinar

A&A

Dec 29

WEBCAST-SATURDAY Enterprise Risk Management for SMEs - Small to Medium Enterprises: Risk Plays No Favorites, 7-11am

SWEB067

129

159

Webcast

Dec 29

WEBCAST-SATURDAY Nonprofit Grant Writing: A Financil Manager’s Primer, 7-9am

SWEB068

109

Webcast

GNFP

Dec 29

WEBCAST-SATURDAY Risk Analysis and Management, 11am-1pm

SWEB069

109

Webcast

A&A

Dec 31

WEBINAR Excel - Financial Analysis Using Financial Functions, 7-9am

WNR282

Webinar

TEC

Dec 31

WEBINAR Microsoft Office 2007/2010 - What’s New? 10am-12pm

WNR283

Webinar

TEC

Dec 31

WEBINAR Repairs to Tangible Property - Capitalize or Expense? 11am-1pm

WNR284

Webinar

TAX

WashingtonCPA November/December 2012

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Registration

Questions? E-mail cpe@wscpa.org or call (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

Code

Title

Date

City

Fee1

Security code _______

WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org. www.wscpa.org

WashingtonCPA November/December 2012

classified ads Detailed advertising information is available online at www.wscpa.org. Ads are $1 per word with a minimum fee of $50. Active e-mail and web site addresses are included. Classified Ads are placed on the website for 60 days when received and in the next magazine when received by the deadline (November 25 for the January/February 2013 issue). Positions available ads are for magazine placement only. To post a job listing, visit the Career Center at www.wscpa.org.Want to list a rental or vacation property? Use the Miscellaneous. Contact Sharon Olene-Marander at (425) 586-1138,(800) 272-8273, Ext. 1138, or classifieds@wscpa.org for more information. All ads must be pre-paid. Find classified ads at www.wscpa.org under Newsroom. POSITIONS AVAILABLE

Nicholas Knapton, P.S. is seeking a qualified, experienced CPA to join our team. Located in Spokane, we are a growing firm with opportunities for advancement and client interaction. Nicholas Knapton, P.S. offers a variety of accounting services, including tax return preparation, attest services, business valuation services, litigation support and expert witness testifying.We are currently seeking a CPA with at least 3 years of experience in public accounting. Competitive salary offered and full benefits package available for this full time position, including paid continuing professional education, medical and retirement plan along with paid vacation and holidays. Staff is paid for all overtime worked. Qualified and interested CPAs: please send resume and list of references to Emily Wright at Nicholas Knapton, P.S., by email to emily@knapton.com, fax to (509) 838-3331, or mail to 505 W. Riverside Ave., Suite 605, Spokane,WA 99201. Established Bellingham CPA firm is seeking a tax manager to join our team of professionals. 5+ years of tax experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package.Submit resume and cover letter toVSH,CPA’s,2200 Rimland Drive, Suite 205, Bellingham,WA 98226,Attn: H/R SITUATIONS WANTED

Position desired.CPA,M.S.Taxation,who has been orphaned by the bankruptcy of his largest client seeks a sharing of office space or a job. Remaining clients are about $110K. Contact Ross at (206) 419-9100. MERGERS & SALES

Coeur d’Alene, Idaho. $86,000 - Tax Practice for sale with high average fees per return. This 100% Tax Preparation Practice has an excellent net with a lower volume,making it ideal for a sole practitioner or a great addition to an existing practice. Please contact Accounting & Tax Brokerage at (760) 4399959 or visit us online at www.ATBCal.com for more information. Pacific County,Washington. $50,000 - This Tax Practice consists of approximately 110 Individuals and 15 Entities. The practice is 60% Tax Prep, 39% bookkeeping and 1% Representation & Misc.Current office location is available for lease or new owner can easily relocate. Please contact Accounting & Tax Brokerage at (760) 439-9959 or visit us online at www.ATBCal.com for more information.

Tax and Accounting Business for Sale. Well established business for 30+ years onWhidbey Island, Ten years under current ownership. Business base is approx. 33% commercial tax and bookkeeping, 67% Federal taxes. Gross sales of approx. $200,000. Business has an established reputation for quality and customer service, good growth potential, and a qualified and experienced 3 person staff. Sale includes 1482 Sq Ft in an attractive Office Condo with prime location. This is a turnkey operation. Owner wishes to retire, and will consider financing with proper guarantees. Owner will assist with transition.ContactTimothyAustin at (425) 450-3300 or TAustin@NWTAXLAW.COM. Seattle CPA interested in purchasing Seattle tax practice. I am particularly interested in serving the tax planning and preparation needs of high net worth clients in the Seattle Metro area. Have provided these services to such clients over the past few tax seasons. Please contact Gary at gjeweler@ jewelerandassociates.com. Everett/Bellevue CPA and Wealth Management firm seeking owners wishing to transition into retirement. We have successfully merged with other local owners allowing them to take care of their long-term client base, work part-time during the transition, offer a wider array of services to help their clients and provide retirement income to the owner. Our client base is as broad as the services we offer but we specialize in individuals and small business. Please contact the owner, Brian Evans at (425) 252-6909 or email to brian@bauerevans. com. Please visit www.bauerevans.com and www. bondstreetwealth.com. Considering SellingYour Practice? Consider all your options.We do the work.Confidential.We have buyers actively seeking practices. Call Mark Hause at (877) 345-7722 or visit our website at www. accountingpracticesales.com. Accounting Practice Sales.We make dreams happen! IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm. We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

Snohomish County CPA looking to purchase a small, accounting/tax practice in S. Snohomish / N. King Co. area. $75,000 - $150,000.Willing to work with seller on a desired transition plan.Please respond by e-mail to lbscpa@yahoo.com. PRACTICES FOR SALE Contact Mark Hause atAccounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS. COM or call (877) 345-7722 for more information on the following practices: Grays Harbor CountyArea EnrolledAgent Practice for Sale: This enrolled agent practice is primed for growth with a good mix of income tax and write-up professional services. The firm has excellent visibility due to being located on a high traffic count street and has been in the area for a number of years. In addition,the Seller offers the ability to retain the existing location which will make the transition of clients easy. This firm is a great opportunity for any number of buyers from a business minded accountant, to a firm looking to grow a book of business or offer an up an coming young associate ownership. Spokane CPA Firm for Sale: This well rounded CPA firm renders professional services in the areas of write-up, income tax, compilation(s), review(s), and auditing. The firm has long term relationships with most of the clients while continuing to accept new business which fuels the continuing growth of the practice. The practice has a variety of clients in all industries but does serve a number of non-profit entities in a variety of capacities.The owner seeks to retire but would be available for transition to the new owner through tax season. This practice is primed for a new owner and continued prosperity. North Olympic Peninsula-Clallam County CPA Practice for Sale: This firm is a tax practice that many seek but few find with a significant amount of business returns coupled with the personal income tax returns that follow. The firm has an excellent location with a high traffic count which fosters walk-in business. The perfect buyer for this practice is a financially successful CPA looking for a practice that has a solid year round income from a variety of fiscal year ends that provides a relaxed pace and good work life balance.

VOLUNTEER POSITIONS

The following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more at www.wscpa.org (enter volunteer positions in the search box). Bellevue Police Foundation - New Communities in Schools of Puyallup Coyote Central 20179 - New Fremont Community Therapy Project Friends of the VA Puget Sound Fisher House - New Ginger’s Pet Rescue Greybeard Community Center Headstrong - Support for TBI Youth Helping Link Interlake Childcare and Learning Center National Management Association-Port of Seattle Chapter Open Arms Perinatal Services Out of the Woods Inc

WashingtonCPA November/December 2012

Pet Savers Puget Sound Christian Clinic - New Relief and Education for Afghan Children Southeast Seattle Senior Center - New Step It Up Camp Terry Home - New The Crisis Clinic of Thurston/Mason Counties - New The Mockingbird Society The Seattle Piano Institute Transitional Resources Vision Loss Connections Washington Autism Alliance & Advocacy Washington Wildlife and Recreation Coalition

www.wscpa.org

Member profile

Home Grown Leader Frank Kuntz, CPA

hat do you do if you have a busy solo tax practice which includes a lot of work for professional athletes and people in the entertainment industry, involving filing state income tax returns in addition to their federal tax returns? Oh, and you attend most of your two high school sons’ games and still play golf, attend almost all University of Washington home football games, and you enjoy spending time at Lake Chelan. If you are Frank Kuntz, you run for the Mayor of the City of Wenatchee. Kuntz served on the city council from 2003 – 2007 but gave that up to spend more

Frank did move across the mountains to attend the University of Washington and work for two years in the Seattle office of Moss Adams before returning to his home town. He also has an MS in Tax from Golden Gate University. His challenge as a CPA focusing solely on tax work is the same as others that fit that profile: dealing with the various taxing authorities. “Because of all of the state returns I file, plus the types of clients that I have, it seems we are constantly dealing with the IRS or state taxing agencies. Mostly over very small issues, but those always seem to take the most time. The people we deal with at the various agen-

“We need way more CPAs in government, especially in elected office.Think about it. The biggest problems we face as cities, counties, states, and at the federal government level are budget issues. The feds can’t balance it, the state struggles with it, and cities and counties are not far behind. Who better to discuss balancing budgets, cutting expenses, the private sector, job creation than CPAs. Quite frankly (no pun intended) we are the ones with the skills to help. I just wish more would get involved.”

time with his family. However, in 2011, as the city was facing financial collapse, about to default on the bonds issued on a $42 million loan it had taken on to build a 4,000 seat sports arena, he found he couldn’t sit on the sidelines. As he relates it, “It seemed to me that I had a good skill set to help solve the problem. First of all, being a city councilmember in the past I knew a little about government. Being a CPA, I knew about finance and dealing with complicated financial situations. And finally, if the city that you have spent your whole life in is facing financial trouble, then you owe it to your community to help.” www.wscpa.org

cies are very nice, but they are also seeing their budgets cut and are having to do more with less which makes my job of helping with tax compliance that much more frustrating. It is way more time consuming now to call and get assistance from either the IRS or the states than it was just a few years ago.” How does he keep up with the demands of doing two jobs at once? “I have great support staff at my CPA office and great department heads at the City; we seem to make it work. I used to take every non-tax season Friday off, but that is no longer the case.

When asked where he sees opportunities for CPAs to participate in government, he responds with conviction. “Are you kidding me? We need way more CPAs in government, especially in elected office. Think about it. The biggest problems we face as cities, counties, states, and at the federal government level are budget issues. The feds can’t balance it, the state struggles with it, and cities and counties are not far behind.Who better to discuss balancing budgets, cutting expenses, the private sector, job creation than CPAs? Quite frankly (no pun intended) we are the ones with the skills to help. I just wish more would get involved.” For an informal guy who is still getting used to being called “your honor,” or “Mr. Mayor,” Kuntz seems suited to the task he took on 10 months ago. He even made the time to provide material for this profile in the midst of the fires that ravaged eastern Washington this fall. When asked if the Chamber of Commerce brochures are true, he responded, “Yes, there are 300 days of sunshine in Wenatchee. It is a little hard to see the sun today with all of the smoke in the valley due to the fires but I can feel the heat of it. Plus, we experience all four seasons of the year. It is a 10 minute drive to go skiing, five minutes to go boating, hiking and biking right out your back door. Wenatchee is a great place to live and work in, and so far, a great place to be Mayor.”

WashingtonCPA November/December 2012

Periodicals postage paid at Bellevue WA and additional mailing offices

Your Profession. Your Future. Your Advocate.

Hurry!

Pacic Tax

Acco u n tin g & Au d itin g

I nstitute

conference

Last chance to register!

The Tax Institute to attend in Washington State!

October 29-30, 2012 | 8:00 am-4:30pm Bell Harbor International Conference Center Seattle, WA or Webcast

Bell Harbor International Conference Center Seattle, WA or Webcast

Speakers: Lloyd Born William Freedman Mary Marino Jeffrey Rubinger

Karen Brosi Wendy Goffe Philip Panitz Roger Upton

Diogo Denzcuk Susan Han Thomas Pucci Edward Zollars

Speakers:

Mary Eklund Robert Kane Charles Rettig

Alan Anderson Christopher Krajden

• • • • • • • • •

• •

PTI01, PTI02 (Oct 29 only), PTI03 (Oct 30 only) and WEBPTI (webcast)

Michael Glynn Pete Miller

A Review of Leasing and Revenue Recognition Standards SSAE 16: Service Organization Reporting Effective & Efficient Audit Engagement Documentation: Myth or Reality? ASB Update: Making the Clarity Project Changes Clear Cyber Fraud: Chasing the Paper Trail in a Paperless Society

Concurrent Sessions •

(select one from each group A-D)

A-1 Estate Planning for Unmarried Couples: Protect the Ones You Love A-2 Cross Border Tax Planning for Closely Held Businesses B-1 Debtor’s Tax Issues Arising from Foreclosures B-2 Unclaimed Property Hot Topics: Audit & VDA Landscape C-1 Debt Forgiveness and Other IRS Hot Buttons C-2 The Taxation of Derivatives D-1 Making $ and Sense of the New Tangible Property Regulations and Procedures D-2 Value Added Tax

Codes:

• • •

Health Care Reform: Where Do We Go From Here? Sunset, Take Two: Federal Tax Update Passive Activities: Current Developments & Misunderstood Areas International Tax Enforcement: Strategic Options for Taxpayers Accountant’s Liability: How to Protect Your Firm and Yourself from Legal Liability Strategies in Handling an IRS Audit

Concurrent Sessions

Ahava Goldman Peter Margaritis

General Sessions

General Sessions • • • • •

November 1, 2012 | 8:00 am-4:30pm

Featuring national experts + local favorites

•

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A-1 IFRS for SMEs: Special Considerations for Private Companies A-2 Compilation and Review Update

Codes: AAC and WEBAAC (webcast)

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