WashingtonCPA 2019 Summer

the washington

CPA

Summer 2019

Volume 63, Number 1

Reflections on Leadership

Duane Davidson, CPA Washington State Treasurer

Managing the Risks of Serving Cannabis Clients Pitfalls to Avoid When Starting a Brewery 7 Reasons Why Cloud Hosting Services Are are Important Important for for Your Your Business Business

www.wscpa.org

2

The WashingtonCPA Summer 2019

www.wscpa.org

15 Reflections on Leadership

the washington

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 Amanda V. O’Rourke Chair Jared M. Theis Vice Chair Kris L. Lambright Treasurer Moses Man Secretary Kirsten S. Duke Immediate Past Chair Kimberly D. Scott President & CEO

Sara E. Bailey Diane Pietrowski

Andrew Brajcich Bill Reed

Aaron R. Dawson Leslie A. Sesser

Christina J. Gehrke Thomas J. Sulewski

Lowel J. Krueger Susan L. Thomson

CHAPTER BOARD CHAIRS

Laurel Cohen Bellingham Area Charles Meyerson Everett Area

Darin Johnson Olympia Area

Allison McClure Seattle/Bellevue Area

Kathryn Casbon Spokane Area Fabian Benabente Tacoma Area

Anthony Adams Tri-Cities Area

Connie Olson Tri-Cities Area eronica Raquel Martinez V Yakima Area

Jeanette Kebede

Editor-in-Chief

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 four 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.

Cover photo: WSCPA Hill Day 2019, © Shanna Paxton POSTMASTER: Send address changes to The WashingtonCPA, c/o WSCPA, 902 140th Avenue NE, Bellevue, WA 98005-3480.

www.wscpa.org

CONTENTS 5

Approaching a Professional Crossroads

7

2018-2019 WSCPA Awards

15

Reflections on Leadership

17

At a Glance: Proposed CPE Revisions

18

Managing the Risks of Serving Cannabis Clients

20

Pitfalls to Avoid When Starting a Brewery

23

7 Reasons Why Cloud Hosting Services Are Important for Your Business

DEPARTMENTS 5

Leadership Lens

26

Foundation

10

Membership News

32

CPE Digest

13

Chapters

44

Classified Ads

15

Advocacy

46

Photo Album

The WashingtonCPA Summer 2019

3

LEADERSHIP LENS

Distinguish yourself as a strategic leader.

Earn the global designation for financial professionals.

Explore the CGMA Program: A lifelong professional learning journey that puts you on the path to take your career to a new level. You’ll learn and acquire the skills it takes to become a more strategic, confident, secure and insightful leader who will better influence and guide groups and decisions within your organization. ®

Get started at CGMA.org/Program

I believe the CGMA designation enhances and broadens a CPA’s awareness of the internal and external nuances of the complex workings of a business.

Holly Rodillo Bernstein, CPA, CGMA Director of Accounting, SoulCycle

© 2017 Association of International Certified Professional Accountants. All rights reserved. CGMA and Chartered Global Management Accountant are trademarks of the Association of International Certified Professional Accountants and are registered in the United States and other countries. The design mark is a trademark of the Association of International Certified Professional Accountants. 22726A-326

4

The WashingtonCPA Summer 2019

www.wscpa.org

LEADERSHIP LENS

Approaching a Professional Crossroads

By Amanda O'Rourke, CPA

This summer will mark my 6th year on the board but the 114th anniversary of the WSCPA. It is an honor to serve our profession and to help position us for the next 100+ years.

Accounting Today published an article earlier this year that explained: “…

CPAs make up only around 20% of client service staff at the Top 100 [Accounting] Firms.”x(www.wscpa.org/20-percent) This means that 80% of client service staff at the Top 100 Accounting Firms include technologists, analysts, and industry experts like government and healthcare professionals.

The article went on to challenge us: “CPAs and the broader accounting profession are approaching something of a crossroads, where they will be able to change their own definition of themselves.” We must work together to redefine what it means to be a CPA and ensure the sustainability for our profession for the next 114 years.

Relevancy Many of us became CPAs for similar reasons. We wanted a profession that would be recession-proof and a career that would support our families and community. I grew up the youngest of seven kids—the majority of whom followed in my father’s footsteps in the plumbing trade. When I went away to college I wrestled with choosing a major that would leave me with a similarly marketable skill once my four years were up. Accounting was and remains one of the best degrees to not just get a job, but also start a career.

The WSCPA is the biggest advocate for our future. And for generations of CPAs to come. The value of WSCPA membership may be different for each of us, but whether you are a sole proprietor, a firm of 20 or the largest regional firm in the

www.wscpa.org

We must work together to redefine what it means to be a CPA and ensure the sustainability for our profession for the next 114 years.

PNW, many, if not most, of our struggles are the same.

Advocacy In addition to connecting and educating members, the WSCPA plays a critical role in our profession by advocating for our future.

As part of my role on the board, I recently returned from Washington, DC, where I attended the AICPA Spring Meeting of Council. During the quick four-day trip we made personal visits with elected officials on Capitol Hill. I visited the offices of Congressman Rick Larsen, Senator Patty Murray and Congresswoman Pramila Jayapal.

Our agenda included discussion of the IRS taxpayer services division. We shared what it was like to work with the IRS and told war stories of how many times the service has hung up on us. We talked about the inefficiencies of the IRS computer system, which was designed in the 1960s (!). Our visits also included discussions on improving disaster relief for impacted taxpayers and the importance of the House and Senate Budget Committees reviewing our own government’s audited financial statements.

In addition to the work on a national level, the WSCPA remains hard at work right here in Olympia. Earlier this year I had the opportunity to testify in support of House Bill 1208 to remove the requirement for a firm license for those firms not

performing attest and or compilation services. A firm license will still be necessary to qualify for firm mobility, but this deregulation relieves the administrative burden of many small firms not offering specified assurance services.

This bill was sponsored by the Washington State Board of Accountancy and signed by the Governor on April 19th.

Our Future My seven-year-old daughter currently believes that I sit at a desk and help my clients physically count their money. All. Day. Long. I suppose it’s reasonable that she isn’t yet telling her friends she wants to be a CPA. But I will give her a few years before I clarify that as a CPA, I am, and we are, trusted advisors in risk management, process development, compliance, and the most relevant advisors planning for the future.

Amanda O’Rourke, CPA, is Partner with Greenwood Ohlund LLP CPAs in Seattle and chair of the WSCPA Board of Directors. You can contact her at amanda@greenwoodcpa.com.

The WashingtonCPA Summer 2019

5

6

The WashingtonCPA Summer 2019

www.wscpa.org

2018-2019 AWARDS

2018-2019 Awards Every year the WSCPA recognizes individuals and businesses for making a difference in their communities, providing outstanding service, dedication, or leadership to advance the accounting profession and the WSCPA. Congratulations to this year’s distinguished honorees!

Lifetime Achievement Award

Business of the Year Award

Community Leadership Award

Thomas J. Sadler, CPA-Retired

Larson Gross, PLLC

J. Newton Rumble, CPA

For an exemplary career of leadership in the accounting profession and the community

For active support of the WSCPA

For outstanding, lifelong civic and community service

Thomas J. Sadler is a Past Chair of the National Association of State Boards of Accountancy (NASBA), and the 2017 NASBA William H. Van Rensselaer Public Service Award Recipient.

He began his professional career in 1968 when he joined Johnson, Paulson & Stolz (now Ernst & Young), becoming a CPA in 1969. In 1972, he joined Donald R. Brink to form Brink & Sadler, CPAs, where he served until he retired in 2015.

A past chair of the Washington State Board of Accountancy (WBOA), he served WBOA as a strategic adviser and deputy director from 2006 until 2012.

“Tom really deserves a purple heart for his service to the [WBOA] … This award is well deserved,” said Charles Satterlund, WBOA Executive Director.

In 2009, he was named as one of the Top 100 Most Influential People in Accounting by Accounting Today.

Founded in 1949, Larson Gross is a full-service public accounting and consulting firm providing comprehensive accounting, bookkeeping, tax, audit and assurance, and consulting services to clients throughout Washington and Canada from its offices in Bellingham, Lynden, and Burlington.

Larson Gross is a strong supporter of the WSCPA. “Many professionals from this outstanding firm have been involved in the Bellingham Area Chapter over the years,” said Thomas Donaghy, CPA, Past Chair of the WSCPA Board of Directors.

“The chapter might not exist today if it had not been for the sustained support of Larson Gross leadership and staff.”

The AICPA has honored Larson Gross as a Group of 400 (G400) honoree, a recognition reserved for the 500 largest CPA firms in the country.

Vice President of the Board of Directors of Peterson & Associates, P.S., Newt Rumble has been an advocate for the WSCPA Vancouver Area Chapter, serving on their board for many years, encouraging leadership summit attendance, ensuring WSU Vancouver students know about the WSCPA, and promoting the profession.

“Newt has been involved in advocating for the CPA profession,” said WSCPA President & CEO Kimberly Scott. “He has good relationships with legislators in the area and he is always willing to reach out to help the profession in Washington State.”

Newt is currently, or has previously been, involved with the Rotary Club of Clark County, Clark College Foundation, Southwest Washington Medical Center (now known as PeaceHealth) Foundation, Clark County 4-H Clubs, numerous wildlife conservation organizations, church boards and other activities.

www.wscpa.org

The WashingtonCPA Summer 2019

7

2018-2019 AWARDS

Outstanding WSCPA Volunteer Leader Award

Outstanding WSCPA Volunteer Leader Award

Writu Kakshapati, CPA, CGMA

Andrew M. Prather, CPA

For active leadership and dedicated service to the WSCPA

For years of active leadership and dedicated service to the WSCPA

An Assurance Senior at Frost & Company, PLLC, Writu Kakshapati, is the current chair of the Olympia Area Chapter Board, and has served on the chapter board since 2015. During the last year, she led the effort to plan the chapter's first Accounting Career and Internship Fair, which brought students, board members, local employers and job seekers together.

“One of Writu’s greatest strengths as a leader is the positive openness she brings to the board and to her interpersonal interactions. She is committed and passionate about growing the chapter, bettering events, and providing new and different educational and networking opportunities to members in the Olympia Area,” said Katie Berry, WSCPA Volunteer Relations Coordinator. “She has devoted a significant amount of time to the chapter’s activities—even going far above the call of duty.”

Andrew Prather is a shareholder at Clark Nuber P.S., providing a wide range of not-for-profit organizations and private entities with audit and consulting services.

Andrew serves as a member of the FASB’s Not-for-Profit Advisory Committee and also chairs the planning committee for the AICPA’s Not-forProfit Industry Conference. He previously was a member of the AICPA’s Not-for-Profit Expert Panel, the chair of the WSCPA’s Not-for-Profit Committee, and co-chair of the WSCPA Notfor-Profit Conference (NFPC). He has been a speaker at NFPC since 2013 and has spoken at other WSCPA conferences as well.

A WSCPA member since 2000, Andrew also serves as his firm’s Quality Control Director overseeing the firm’s audit quality assurance program and serving as a technical resource to the firm’s professional staff.

8

The WashingtonCPA Summer 2019

Chair’s Award

Mary E. Joyce, CPA For remarkable commitment and dedicated service to the WSCPA

Mary Joyce, shareholder at The Myers Associates, PC, has focused her practice on serving local not-for-profit entities for the last 25 years. A WSCPA member since 1984, Mary just completed a 3-year term on the WSCPA board of directors and has been an active member of the Not-for-Profit Committee since its inception.

“Mary continually contributes behind the scenes,” said Kirsten Duke, WSCPA Immediate Past Chair. “Whether she is advising on WSCPA financial statements, board initiatives, or serving on the NFP Committee, she consistently adds value with her collaborative and thoughtful approach.”

A Leadership Tomorrow graduate, Mary serves as their treasurer and is secretary of the Northwest Cardigan Fanciers (the NW chapter of the Cardigan Welsh Corgi Club of America). She holds a bachelor’s degree in business administration, cum laude, from the University of Washington.

www.wscpa.org

2018-2019 AWARDS

2019-2020 Awards CALL FOR NOMINATIONS Submit your nomination for 2019-2020 awards by December 31, 2019 at www.wscpa.org/nominate

President’s Award

David Trujillo, CPA, CGMA For leadership and dedication to the WSCPA and the accounting profession in Washington State David Trujillo is the agency director and chief law enforcement officer for the Washington State Gambling Commission (WSGC). A CPA since 1998, he has been an active supporter of the WSCPA since 2002. He has assisted his chapter, served on numerous committees and two terms on the WSCPA board of directors.

“Dave is always willing to help whenever he is asked,” said Kimberly Scott, WSCPA President & CEO. “I appreciate his consistency and his spirit of fun.”

Fun facts about Dave: He was a “Warthog” for a year as he played college rugby, high school athletic hall of fame inductee for bowling, police academy graduate who carries a gun for the WSGC, enlisted before graduating from officer candidate school, enjoys Civil War reenactments, and started at WSGC with a full head of hair.

He enjoys life, prepares for tomorrow and lives in the South Sound area with his family.

www.wscpa.org

LIFETIME ACHIEVEMENT AWARD

OUTSTANDING VOLUNTEER LEADER AWARD

Recognizes a current or former WSCPA member for a career of leadership and dedicated service to the accounting profession and as an exemplary role model for other CPAs.

Recognizes an active WSCPA member for outstanding service and dedication and/or innovative and inspirational WSCPA leadership.

COMMUNITY LEADERSHIP AWARD Recognizes a WSCPA member whose respected leadership in community organizations has enhanced the image or public perception of CPAs.

BUSINESS OF THE YEAR AWARD Recognizes a company or firm that provides noteworthy support to the WSCPA and its members.

NEW PROFESSIONALS AWARD Recognizes an active WSCPA member who has been a CPA for fewer than 10 years for outstanding WSCPA leadership.

RISING STAR AWARD Recognizes a WSCPA member who is in the process of obtaining a CPA License for active WSCPA leadership, dedication, and service.

SPECIAL AWARD Recognizes an individual who is not a CPA but has supported or promoted the activities of CPAs and the WSCPA. The WashingtonCPA Summer 2019

9

MEMBERSHIP NEWS

Congratulations to the WSCPA Membership Renewal Drawing Winners

Make the most of your summer staycation with Passport discounts!

Four members won $300 Amazon gift cards for renewing their membership by June 1. Congratulations to: •

Carl Estes—a member for more than 10 years who is from Stanwood, Washington.

•

Greg Railsback—from Vancouver, Washington, and a member since 2000

•

Michael Hamblin—from Renton, Washington, and a member since 1994

If you plan to stay and play in Washington all summer long, be sure to check out all the ways you can save with your Passport Card. Save on:

•

Eric Hasson­—from Newcastle, Washington, and a member since 2005

Canon Cameras

Thank you to everyone who entered the membership renewal drawing! If you haven’t renewed your membership yet, visit www.wscpa.org/renew today! Questions about renewing or your member benefits? Contact us at memberservices@wscpa.org or 425.644.4800.

Watch your email in early August for the new Passport code!

Document your summer adventures and save up to an additional 10% on select Canon products and 10% on education.

Lawn & Garden Landscapers

Keep your yard in top shape this summer and save on lawn maintenance, tree service, and more.

Maid Services

Let local cleaning services keep your home sparkling while you enjoy the outdoors and save $$.

Kids’ Museums

Save on admission to Oregon Museum of Science & Industry, Mobius Kids Children’s Museum, Northwest Railway Museum and more!

The WSCPA office will

Home Entertainment Systems

Entertain in style with deals on home entertainment systems.

be closed on Labor Day, September 2, 2019.

A WSCPA Member Benefit

10

The WashingtonCPA Summer 2019

View all Passport details and deals at www.wscpa.org/passport www.wscpa.org

MEMBERSHIP NEWS

CLOUD SERVICES FOR YOUR FIRM

Special Member Benefit from TA Cloud Powered by CoAxis Keep your clients’ information in safe hands with TA Cloud Powered by CoAxis.

Learn more at www.wscpa.org/ tacloud

WSCPA Board of Directors CALL FOR NOMINATIONS

The WSCPA Board Governance Committee is accepting nominations for the 2020-2021 Board of Directors.

To submit a nomination, contact Helen Doty, hdoty@wscpa.org.

Nominations are due by October 31.

www.wscpa.org

Are you overwhelmed with keeping up with data storage and making sure your information technology is compliant and secure? CPA firms have special needs for information security and need to be able to assure their clients that the information they gather is safe and not accessible to ransom or hacking. The threat of cybercrime is affecting firms of all sizes in today’s market.

The WSCPA has partnered with TA Cloud Powered by CoAxis to help you and your employer with these very concerns. CoAxis, a cloud services company, offers the highest level of secure and compliant information technology data communications and storage capabilities. They have worked with more than 80 CPA firms and have the unique experience of working with technicians who specialize in the accounting field.

They offer support in migrating from an on-site/premise based server to a dedicated virtual server in their data center. TA Cloud Powered by CoAxis provides CPA firms with a fully-hosted and managed network solution designed to remove the complexities of federal and industry compliance mandates, curb the demands of information technology infrastructure, and greatly minimize the threat of cybercrime. Their team has extensive experience in hosting and supporting a broad range of tax and financial reporting software applications.

Ease your concerns and know you are keeping your clients’ information in safe hands when you work with TA Cloud Powered by CoAxis. To learn more visit your member benefits webpage at www.wscpa.org/tacloud

Join a WSCPA Resource Group!

Looking to connect with and learn from other members who work in your area of specialty? Want to explore other areas of accounting? Join a WSCPA Resource Group!

•

Accounting and Auditing Review Standards Committee

•

Firm Administrator Resource Group

•

Government Accounting and Auditing Committee

•

International Tax Resource Group

•

Not-For-Profit Resource Group

•

Sole Practitioners Resource Group

•

Taxation Resource Group

To learn more or sign up for a group, please contact Katie Berry at kberry@ wscpa.org or 425.586.1130.

The WashingtonCPA Summer 2019

11

Members’ Receptions Register now! www.wscpa.org/events For more information, contact Roo Mulligan at rmulligan@wscpa.org Vancouver Members’ Reception | May 2

DATE

EVENT

CODE

LOCATION

8/15/19

Members’ Reception Tacoma, 6-8:30 pm

20NPAU15

C I Shenanigans, Tacoma

8/22/19

Members’ Reception Kirkland, 6-8:30 pm

20NPAU22

Woodmark Hotel Yacht Club, Kirkland

9/25/19

Members’ Reception Spokane, 5:30-7:30 pm

20NPST25

Davenport Grand Hotel, Spokane

9/26/19

Members’ Reception Yakima, 5:30-7:30 pm

20NPST26

Yakima Steak Company, Yakima

11/13/19

Members’ Reception Bellingham, 5:30-7:30 pm

20NPNV13

Hotel Bellwether, Bellingham

Get your CPE on your time.

12

The WashingtonCPA Summer 2019

Self-study products available now in the WSCPA store!

Check it out today at www.wscpa.org/self-study

www.wscpa.org

Chapter Events Register now! www.wscpa.org/chapters For more information, contact Katie Berry at kberry@wscpa.org Seattle/Bellevue Chapter Sips in SoDo | May 30

DATE

EVENT

CODE

LOCATION

20CHBLOC24

Buffalo Wild Wings, Bellingham

Bellingham Area Chapter 10/24/19

Bellingham Area Trivia Night, 5:30-7:30 pm

Seattle/Bellevue Area Chapter 8/17/19

Day of Service: Keeping it Green in Seattle, 10 am-2 pm

20CHSBAU17

Jackson Park Golf Course, Seattle

8/17/19

Day of Service: Lead the Fight Against Hunger in Kent, 12-2 pm

20CHSBAU

Northwest Harvest Warehouse, Kent

9/18/19

Soccer and Scarves in Seattle: 2019 Sounders Networking, 6-9 pm

20CHSBST18

CenturyLink Field, Seattle

20CHTAAU24

Charlotte’s Blueberry Park, Tacoma

Tacoma Area Chapter 8/24/19

Day of Service: Charlotte’s Blueberry Park in Tacoma, 9 am-12 pm

www.wscpa.org

The WashingtonCPA Summer 2019

13

Some relationships are just meant to be, like cedar plank salmon on a summer barbecue, or you and the WSCPA! Remember all the ways your membership enriches your career?

Your Member Benefits Community 40 local chapter events

Professional Education

7 bills passed since 2008

10 free members only CPE credits

5 member receptions

$100 off 8-hour CPE courses

Connect with resource groups

You get the freshest catch of opportunities—new clients, contacts, or jobs—by networking with thousands of WSCPA professionals.

Our CPE courses keep you updated on developments affecting your work. When you’re part of our school, you never have to swim alone.

Let’s keep the good times rolling.

Renew your membership today! www.wscpa.org/salmon | 425.644.4800 14 The WashingtonCPA Summer 2019

Advocacy

Advocacy news and alerts

We ensure your voice is heard in an ever-changing legislative and regulatory environment, tipping the scales in your favor.

www.wscpa.org

ADVOCACY

Reflections on Leadership

By Duane Davidson, CPA Editor’s Note: Washington State Treasurer Duane Davidson is a CPA and member of the WSCPA. Members had the opportunity to meet with Treasurer Davidson at WSCPA’s annual Hill Day in January and learn about his path from local office to Treasurer.

We asked him to share some of that journey here.

As a steward of public funds, I am often reaffirmed with proof that what we do as CPAs, financially improving the people and institutions we serve, most certainly changes lives.

Perhaps the most valued endeavor I pursued during my four terms as Benton County treasurer was providing people with better financial outcomes. Today, as state treasurer, I continue to advance toward a similar point on the horizon.

Though it can certainly be challenging to navigate state level politics, at no time have I ever let go of the vision that brought me to serve in the first place— protecting and improving the financial livelihoods of those I serve, which I believe to be the foundational driver for just about any financial officer.

I am thankful that in the accounting world our practice often goes beyond numbers and spreadsheets, spilling into decisions that have the potential to lift others out of hardship and financially strengthen them.

When I was elected state treasurer I carried with me the same drive to uplift and the personal sense of guardianship I felt for the people of Benton County. Moving to Olympia, I adopted a much larger family to protect, and upon arrival expanded many of the initiatives I started at the County.

In my first two years as state treasurer I authored legislation expanding local government investment

www.wscpa.org

Washington State Treasurer Duane Davidson, CPA, with accounting students from the University of Washington - Bothell

opportunity (for details see www.wscpa. org/WST-HB1284) and created a division focused on financial education to help families manage their household budgets, loan payments, retirements and more.

I added financial learning modules and a Financial Education page to the Office of the State Treasurer’s website (www.wscpa.org/WST-fin-ed) to help people learn about managing their finances. My office introduced a first of its resource, a depository of project funding resources (at www.wafunddirectory.wa.gov) to help local governments implement the infrastructure improvements they need.

From my seat in Olympia I find it important to occasionally take time and look back to appreciate how the path to this office was carved from a desire to improve things for the people in my own community.

Though I did not originally personally aspire for public office, I always wanted to help people and improve systems.

After receiving my CPA license I worked as an auditor for the State Auditor’s Office, where I soon envisioned a better way to accomplish positive change for the County.

While sharing my ideas based on what I saw as an auditor with a colleague in the Auditor’s Office, he told

The WashingtonCPA Summer 2019

15

ADVOCACY

Help to amplify WSCPA’s voice in Olympia.

Contribute today at www.wscpa.org/support-pac

me that if I could do a better job than the county treasurer at the time, I should run for office, and so I did. Much to my surprise, I actually won the election.

Without realizing it back then, earning my CPA would greatly enhance my ability to get where I am now. My credentials as a CPA automatically reinforced credibility with the people I encountered on the job and with voters.

When I look back to examine past experiences and reflect on today’s honor of serving as Washington’s chief financial officer, a vision frequently comes into focus. I see how I am now afforded this rare opportunity to reach all Washingtonians and improve lives on a colossal scale.

Now, more than two years into my first term, I recognize the similarities between serving as county and state treasurer, as well as the differences. The differences became increasingly evident as my first Legislative session as state treasurer commenced.

Benton County has a three-person commission, making it easy to establish

16

The WashingtonCPA Summer 2019

trust with each commissioner regardless of any difference in political opinion.

I knew each of them on a personal level, and we were able to come to decision points rather easily and implement initiatives quickly.

The state’s Legislature has 147 members. That is a lot of names, faces, and personalities to get to know, creating quite a challenge in earning trust from each legislator and finding common ground to help move an issue forward.

Regardless of the challenges, I am committed to the vision that brought me here, and the Washingtonians I proudly serve. As I did in Benton County, I consider myself lucky to work with an amazing staff at the Office of the State Treasurer who I can rely on to help navigate issues beyond political barriers.

In the end, I am a bean counter at heart. An accountant who sees both sides of the work. One side that maintains a high standard of service and produces financial results. And another side that is too often overlooked—the side holding the true value. This side

embraces the opportunity to empower people, to help them make informed choices, and grow their potential.

It is rewarding as a public servant and corporate accountant to serve others, on the city or county level, and from a statewide point of view. I am reminded of our constituents when I reflect upon the work we do. There is seldom a more important motivator.

Duane A. Davidson is Washington’s 23rd state treasurer and chairs the State Finance Committee and Public Deposit Protection Committee while also serving on five state boards, which manage a wide range of services and programs.

Prior to being elected state treasurer, he was elected four times as Benton County treasurer. You can learn more about the office at www.tre.wa.gov.

www.wscpa.org

ADVOCACY

At a Glance: Proposed CPE Revisions Have you heard? The proposed CPE revisions by the Washington State Board of Accountancy (WBOA) highlighted in the spring issue of The WashingtonCPA magazine bring Washington’s rules in closer conformity to the UAA Model Rules. Here’s a summary of the rules, but you can learn more about the proposed changes at www.acb.wa.gov.

PROVISION

CURRENT RULE

PROPOSED RULE

Nano-learning

None

10-minute tutorials based on a single learning objective. Limited to 10% (no more than 12 hours in a 3-year cycle)

Changes to CPE credit for board service and other activities

64 hours of service to WBOA annually. 72 hours as first-time instructor/developing CPE courses.

30 hours for published articles, books, and other publications.

No more than 60 hours of service on or to the WBOA, first-time instructor/developing CPE courses, publishing, or authorship eligible for CPE credit.

Minimum hours

No minimum

Minimum of 20 CPE credits required each year during 3-year reporting cycles.

Non-technical

Maximum 24 hours allowed during 3-year reporting cycle.

Maximum 60 hours allowed during 3-year reporting cycle.

Extension request process

“Pre-lapsed renewal” process: $480 reinstatement fee.

Change to automatic extension to complete CPE requirements. CPAs are subject to disciplinary actions upon failure to obtain required CPE after a second consecutive period.

Reciprocity

None

Allowed for non-resident license holders.

Next State Board Meeting The Washington State Board of Accountancy will hold its next regular board meeting Friday, July 26 in Spokane at the Hilton Garden Inn Spokane Airport. Learn more at acb.wa.gov/next-board-meeting.

www.wscpa.org

The WashingtonCPA Summer 2019

17

RISK MANAGEMENT

Managing the Risks of Serving Cannabis Clients America’s cannabis industry continues to grow: The U.S. legal cannabis market was worth an estimated $10.4 billion in 2018 and is projected to grow to about $26 billion by 2025, according to analytics firm New Frontier Data, which compiles business metrics for the cannabis industry.

This projected growth has more and more CPA firms weighing the business opportunities and risks related to expanding their practice into this emerging industry. Marijuana-related businesses are in need of the professional accounting and tax services CPA firms offer. However, at the heart of the challenge for CPAs evaluating these opportunities are the uncertainties regarding the industry’s legal standing.

First and foremost, cannabis remains a Schedule 1 substance—illegal to grow or possess under federal law. There are no guarantees that current or future administrations will continue the discretionary position that provides the industry’s uncertain foundation. This dichotomy creates ethical and moral quandaries for CPAs. For example, would rendering services (tax, accounting, consulting services, etc.) to cannabis clients be considered a lack of “good moral character” or an “act discreditable” by state boards of accountancy?

Also, would CPAs who render such services to cannabis clients be exposing themselves to allegations of “aiding and abetting” criminal activities? Thus far, eight state boards of accountancy, including the Washington State Board of Accountancy, have issued guidance on providing services to marijuana industry businesses, and the profession is pushing the other state boards of accountancy to provide guidance.

18

The WashingtonCPA Summer 2019

@iStock by Getty Images/Darren415

By Duncan B. Will and Randy R. Werner

America’s cannabis industry continues to grow: The U.S. legal cannabis market was worth an estimated $10.4 billion in 2018 and is projected to grow to about $26 billion by 2025.

Risk Assessment From CAMICO’s perspective, a CPA firm considering opportunities to accept marijuana business clients should adopt a risk assessment approach to evaluate the risks to their firm from serving these clients’ needs. For example, assess the risks associated with the specific client attributes (all-cash business, complexity, uncertainty, etc.) along with assessing the specific firm attributes (risk tolerance, competency, level of service choices, etc.) as you carefully consider whether these prospective clients are a good fit for your firm. As part of this

risk assessment, firms should discuss and review the potential legal ramifications with an attorney specializing in this industry.

As part of your process in assessing “risks,” never forget that your professional acts and decisions will be judged in hindsight. Therefore, if your firm decides to service cannabis clients (or any other higher-risk clients), be extremely attentive to the following rules in the malpractice world: •

Professional standards for CPAs are merely the floor—

www.wscpa.org

RISK MANAGEMENT

juries hold CPAs to even higher standards.

•

A CPA’s job is to advise clients of opportunities and warn them of risks.

•

CPAs are scriveners—lack of documentation is viewed as evidence of potential malpractice; jurors expect CPAs to have strong documentation, and the lack of it is viewed as not having met the “burden of proof.”

•

“Guilt by association” can impact CPAs in a dispute.

“protective clauses” such as:

* Client will release and indemnify you, your firm and its personnel from any claims, liabilities, costs and expenses attributable to any misrepresentation by management or its representatives.

* Financial statements (if any) will address the going concern uncertainty.

* Client acceptance and continuance are contingent on satisfactory discussions with client’s legal counsel— assessing client and attorney’s knowledge of, and compliance with, cannabis-specific laws.

Loss Prevention Best Practices Apply appropriate safeguards to address the added risk threats associated with cannabis clients. Best practices to follow: • Gain and maintain the requisite knowledge and experience to serve these clients.

•

Meet principal(s) face to face.

•

Perform background checks on all principals.

•

Insist that clients have ongoing legal representation.

•

Obtain written consent annually to interact with client’s attorney.

•

Prohibit clients from paying you in cash.

•

Document, document, document! Have a signed and detailed annual engagement letter requiring a retainer, clearly articulating scope and limits and

www.wscpa.org

• You can stop work for noncompliance with payment terms.

•

•

Document all planning, work, consultations and communications (internal and external).

Obtain a management representation letter annually (regardless of type of service) that affirmatively confirms: the accuracy and completeness of client’s records; client is aware of IRC Sec. 280E ramifications; client’s understanding of, and compliance with, state laws and regulations; and all tax returns have been timely filed.

Consider creating a Crisis Management Plan (or enhancing an existing

one) to manage the firm’s potential reputational risks. A crisis management plan should be based on the potential consequences of servicing cannabis clients and should include engaging with a qualified attorney and public relations firm (for incident responses), as well as specifying who will speak on behalf of your firm.

CAMICO advises its policyholders on risk management for cannabis business clients, including reviews of engagement letters for policyholders. More information about CAMICO insurance solutions and risk management programs is available at www.camico.com.

Duncan B. Will, CPA/ ABV/CFF, CFE, is Loss Prevention Manager/ Accounting & Auditing Specialist, and Randy R. Werner, J.D., LL.M./ Tax, CPA, is a Loss Prevention Executive, both with CAMICO (www.camico.com).

CPAs working with clients in the “bottles, brews and buds” industries are confronted with a myriad of issues that pose potential risks, ranging from legal and ethical dilemmas, internal control problems with cash businesses, disclosure issues, and many more. Learn more about these issues at the Bottles, Brews & Buds Conference, August 2, where CAMICO CEO Ric Rosario will discuss “Legal Liability Insurance & Licensing: The Fourth ‘B’ ... Don’t Get Burned!”

Find details and register now at www. wscpa.org/bbb-conference.

The WashingtonCPA Summer 2019

19

BUSINESS ADVISORY SERVICES

Pitfalls to Avoid When Starting a Brewery

By Dan Christopherson

Starting a brewery is a @iStock by Getty Images/Portra

difficult and complicated undertaking that requires compliance with countless federal, state, and local rules and laws.

Starting a brewery is a difficult and complicated undertaking that requires compliance with countless federal, state, and local rules and laws. Careful planning can help avoid costly delays or other disadvantages. Below are some of the most common pitfalls that breweries encounter.

Beware tied-house issues The Alcohol and Tobacco Tax and Trade Bureau (TTB) is the federal agency that regulates the production, distributing, and importing of beer in the United States. One branch of TTB deals with unfair trade practices, the most common being “tied-house” violations. TTB defines a “tied-house” as a practice whereby an industry member induces a retailer to purchase its alcoholic beverages.

Tied-house issues often come up within the context of the “three tiers” of ownership for alcoholic beverage distribution. This system divides the alcoholic beverage market between producers (i.e., brewers, wineries, and distilleries), distributors, and retailers.

While TTB does not outright ban ownership across multiple tiers, most states only permit an individual to have an

20

The WashingtonCPA Summer 2019

ownership interest in one tier (e.g., an owner of a brewery may not also own a bar/liquor store). Even worse, some states levy strict penalties on companies that cross into multiple tiers. For example, the New York wine shop Eataly was fined $500,000 in 2014 because one of the owners had an interest in several wineries in Italy.

Tied-house issues also come up when producers offer incentives to distributors or retailers to sell their products. Depending on the state, illegal incentives can include everything from monetary payments to free advertising.

For instance, California refused to allow the brand registration of a malt beverage label that used the name of the onpremises retail chain TGI Fridays, and determined that “a beer manufacturer can not [sic] provide free advertising for retail licensees.”

A brewery should exercise great care to avoid tied-house violations. A solution that works in one state may become problematic when a brewery decides to start distributing its beer into a new state. An internal analysis should be made every time a brewery enters into a new state to make sure that the brewery does not run afoul of that state’s tiedhouse rules.

Consider intellectual property rights issues early As a brewery grows its brands and develops a reputation for its beers, the brewery’s intellectual property rights will become its most important and valuable assets. If a brewery fails to take early steps to ensure that its brands, logos, and other identifying features are available for use without violating the intellectual property rights of another company, that brewery risks losing out on the good will it creates early in its brands or, even worse, might end up on the wrong end of a trademark infringement lawsuit. Similarly, if a brewery does not take early steps to secure exclusive rights to a brand, it may lose the ability to secure such rights in the long run.

Clear Your Marks Federal trademark registration provides an owner with the exclusive right to use a mark in connection with goods described therewith, and with related goods. The trend in US law has been to consider wine, beer, and spirits to be highly related goods, and find a likelihood of confusion between products sold across these goods with similar brands. There has also been a recent

www.wscpa.org

BUSINESS ADVISORY SERVICES

trend to find confusion between brands registered for alcoholic beverages and brands registered for bars and restaurants. In determining the extent to which a mark is available for use by a brewery, a person should at least: •

Utilize search engines on beer, wine, and spirits enthusiast websites to find third-party use of similar marks;

•

Search the United States Patent and Trademark Office’s Trademark Electronic Search System for similar marks registered for beer, wine, spirits, and restaurants/bars, and potentially also for non-alcoholic beverages;

•

Search the TTB’s Public COLA Registry for beer, wine, and spirits labels that have been issued to producers using similar brands; and

•

Search Google and other search engines using language that encapsulates the relevant range of goods and services described above along with the desired mark.

A qualified trademark attorney can also be engaged to perform searches like the above. I recommend using an attorney with specific industry knowledge that will have insight into where to find relevant third-party use of marks.

Also, care should be taken to include, where possible, Boolean search expanders (e.g., * or $, depending on the search engine) to include spelling variations for a given mark in a search.

www.wscpa.org

Claim Your Marks Early Trademark registrations can help a brewery obtain exclusive rights to a beer brand throughout the United States in connection with a set of goods and/ or services. A brewery with a productdistinguishing mark in mind (whether that be the brewery’s house name, a flagship beer name, a logo, a slogan, etc.) can lock in an early claim to a mark using a mechanism called an “Intentto-Use” trademark application, which provides at least three years of time to develop products under the brand.

Such applications are entitled to priority of their subject marks as of the time of filing. That means that a subsequent alcoholic beverage producer cannot begin selling a new product under that mark after the application is filed without risking infringing upon the applicant’s exclusive rights.

Failing to claim rights to a trademark early can have disastrous consequences. Oftentimes another party will be more proactive about claiming rights to a brand, which may lock a company into the geographic areas where the products have been sold and may prevent the brewery from securing future trademark registrations for related marks. If a brewery misses out on claiming rights to a mark before a later user, there may be an opportunity for the brewery to initiate a proceeding to claim priority, but such proceedings are very expensive and may take years to reach a resolution.

One caveat to staking a claim to a mark early is that a mark that is the subject of trademark application is largely locked into place after filing. With few exceptions, marks cannot typically be amended after filing. Instead, an applicant for a mark is usually stuck with the version of the mark they applied for.

This often comes up with logos that are early concepts, which may be tweaked between the time of filing and the time the brewery starts selling beer with the logo. Applications for marks that do not end up being used are largely useless, and necessitate filing a new application for the new logo, giving up the early priority date that was claimed in the first application.

Make sure the lease you sign is fair and suits your needs A brewery’s lease agreement is probably the most important legal document that will be signed by the brewery. It will guide how the space can be used and modified, what the rent and costs will be, what will happen if the space is not suitable for the intended purpose. While most states have protections in place to protect residential tenants, commercial/manufacturing tenants are often left to rely only on the terms of the lease agreement for protection.

Absolute Requirements for the Lease The lease must be signed in the name of the entity that is going to be licensed at the state and federal levels. If a business is new, the landlord will almost always require that business owners sign as guarantors on the lease, meaning the owners will be liable for the lease in the event the company defaults. Including such guarantors is fine from a licensing standpoint, but the party that is the named tenant in the lease must be the company getting licensed.

The lease must also provide a provision that specifically permits for use of the space as a brewery.

The permitted purpose should also include whatever types of activities the tenant plans to engage in, such as serving alcoholic beverages for

The WashingtonCPA Summer 2019

21

BUSINESS ADVISORY SERVICES

on-premises consumption and selling for off-premises consumption, selling promotional paraphernalia, serving food or snacks (as appropriate), and playing music or having live musicians perform.

Things to Ask for in a Lease Negotiation Most landlord lease templates will include a clause requiring a tenant to return the premises in the same condition it was received. A preferred clause would allow the premises to be returned in the condition it is in at the end of the lease, so long as the landlord provided prior approval for modifications (such as internal walls and flooring), and such modifications remain in good condition at the termination of the lease.

Another important clause relates to a requirement that the premises be in a condition that allows the tenant to use the space for the permitted purposes. In the event that an interruption in sewage, water, utilities, or access to any portion of the leased premises causes the

tenant to have to stop producing beer, causes beer to spoil, forces the closure of the tasting room area, or otherwise restricts the tenant from performing its normal business operations, the tenant should have some recourse such as rent abatement to allow the non-payment of rent until such issues are rectified.

Other important clauses relate to rent escalation and common area expenses (usually shared proportionally with other tenants in the development). An experienced commercial realtor should be able to provide feedback as to how such clauses compare to other properties in the same or similar areas.

In no event should you sign a lease agreement that you are not completely comfortable with. Many brewery owners feel desperate about trying to find the perfect space, and give up a great deal of bargaining power when they choose a space (emotionally or otherwise) before negotiating for reasonable lease terms.

Starting a brewery is a complicated endeavor that involves a great deal of decisions large and small. Keeping the above issues in mind will help avoid potentially significant setbacks that could mean the death of a vulnerable new business.

Daniel Christopherson is a beer and trademark attorney at Christopherson Brew Law (www.brew.law).

He is an avid craft beer enthusiast who helps new and established breweries with their legal needs. He can be reached at dan@brew.law.

Dan will share more legal considerations for starting and running a brewery at the Bottles, Brews & Buds Conference on August 2 in Bellevue. Learn more and register today at www.wscpa.org/bbbconference.

Register now! wscpa.org/bbb-conference 22

The WashingtonCPA Summer 2019

www.wscpa.org

TECHNOLOGY

7 Reasons Why Cloud Hosting Services Are Important for Your Business

By Christophe Réglat

@iStock by Getty Images/from 2015

regulations. Accounting firms will want a cloud hosting provider that not only supports Service Organization Controls (SOC 1 and SOC 2), but also understands the details and demands of other regulatory compliances relevant to the financial industry, including the Gramm Leach Bliley Act, Sarbanes Oxley Act, Bank Secrecy Act and Payment Card Industry Data Security.

Business Continuity

In September 2017, Deloitte was the target of a cyberattack that accessed data from a cloud-based email platform. Because of the company’s information security strategy—a cohesive program of services and tools to protect its data and reduce the risk of data loss —only a very few clients were impacted and there was no disruption to Deloitte’s ability to continue business operations.

You don’t have to be a multinational accounting organization like Deloitte to be vulnerable to cybercrime. In fact, the cybersecurity company Symantec found that 43 percent of such attacks worldwide targeted small businesses with less than 250 employees. Even more concerning, the U.S. National Cyber Security Alliance found that 60 percent of small companies were unable to sustain their business over six months following a cyberattack.

It’s no wonder, then, that 93 percent of organizations are now using cloud services in some form and 80 percent expect their IT budget to be cloudbased within an average of 15 months.

Cloud hosting services are an alternative to on-site data centers and IT

www.wscpa.org

infrastructures, and hosted by a thirdparty or external provider. These managed hosting service providers—also referred to as Cloud providers—can offer partially hosted solutions for specific applications (like Thomson Reuters) or fully managed solutions.

Fully managed cloud hosting service providers offer many advantages to businesses of all sizes.

Security The reality of computer viruses is frightening. An estimated 57 percent of all computers have some form of virus with 74,000 new viruses being generated every day.

Secure cloud hosting of your firm's software programs and data files greatly minimizes the threat of cybercrime.

In addition, some cloud hosting providers also offer a secure portal for clients to connect and share information with your firm.'

Compliancy Using a cloud hosting service can eliminate the complexities involved in adhering to government and industry

Business disruptions come in many forms, from wild fires and other natural disasters, to cyber-crimes. The impact of data loss or corruption can be costly and significant.

Florida CPA Dan Henn learned the value of cloud hosting services when Hurricane Irma made landfall last year as a Category 4 storm with 130 mph winds.

His firm in coastal Brevard County had recently implemented a fully hosted IT infrastructure plan that secured his network data and made it easily accessible.

When the firm lost power for five days right before his clients had third quarter tax filings due on Sept. 15, Dan and his staff were able to work remotely from their homes and other locations that did not lose power.

Mobility We live in a mobile world that has transformed the way people do business. Mobility can enhance productivity, communication and workforce flexibility.

Cloud solutions provide an in-office desktop experience – including software, apps, files and permissions – that allow CPAs to securely perform remote accounting and tax services from any device that connects to the Internet.

The WashingtonCPA Summer 2019

23

TECHNOLOGY

to do their jobs.

You don’t have to be a multinational accounting organization like Deloitte to be vulnerable to cybercrime. In fact, the cybersecurity company Symantec found that 43 percent of such attacks worldwide targeted small businesses with less than 250 employees.

- Christophe Réglat

Cost and Efficiency Maintaining an onsite server can divert both money and human resources away from other parts of a business that produce revenue growth.

Cloud hosting reduces IT costs by curbing the demands of maintaining an IT infrastructure and eliminating the significant capital expenses for hardware upgrades.

Scalability An accounting firm’s workforce and IT requirements often fluctuate in size and seasons. A cloud hosting service offers network scalability that can be tailored to a business’s changing requirements.

IT resources (hardware and software) and network users can be added or removed from the network without wasted investment or time to scale.

Ease of Implementation With the right provider, the transition from your current infrastructure to a fully managed cloud hosting service should be efficient and seamless. You’ll

24

The WashingtonCPA Summer 2019

want a provider who can build your new system to replicate your current one as closely as possible. When your firm moves to the new system, workflow disruption and your staff’s learning curve should be as minimal as possible.

Conclusion Cloud hosting services provide a secure, reliable and remote connection to your IT infrastructure and data. Optimally, you want a company that provides: •

Fully managed data hosting, meaning data plus applications, environment, emails and security.

•

A single (not co-located) protected infrastructure. There is peace of mind that comes with knowing that damage to your company’s office, or other disruptions, will not impact the ability to access your protected data or your employees’ ability

•

Data access without limitations, other than an Internet connection. Employees can log in— often through a web portal or downloadable application—and access all of your company’s environment from anywhere in the world.

“Cloud Vision 2020: The Future of the Cloud” recently surveyed industry influencers who predict that 83 percent of enterprise workloads will be in the cloud by 2020.

These seven features of cloud hosting services are a good starting point for any business considering how to plan their resources and business strategies for migrating to a cloud-based IT infrastructure.

Christophe Réglat is president and CEO of Coaxis Hosting, Inc., providing enterprise cloud-hosting services to financial, healthcare, criminal justice, legal and other mission-critical business entities since 2002. Together with Tech Advisors, a firm owned by CPAs that delivers the unique experience of working with technicians who specialize in the accounting field, they are TA Cloud Powered by Coaxis, a partner of the WSCPA. TA Cloud Powered by Coaxis provides secure, compliant and reliable managed data hosting and cloud services for the financial marketplace. To learn more, visit www.tacloudsolutions.com/services/ cloud or call 508-356-5565.

Reprinted with permission of Florida Institute of CPAs, Florida CPA Today magazine.

www.wscpa.org

YOU FOUND YOUR UNICORN.

www.wscpa.org

The WashingtonCPA Summer 2019

25

2019-2020 Scholarships We are honored to celebrate the 84 accounting students in the state of Washington who recently were selected to receive accounting scholarships. We had many worthy applicants who all demonstrated significant potential for success in the profession. Our selection committee chose the following students for their outstanding GPAs, strong letters of recommendation, and compelling essays. With the support of contributors, individuals, and organizations that support the work of the Foundation, we are privileged to be able to support this promising group of future CPAs.

$5,000

to undergrads + 5th-year students

39% diverse

$516K awarded 84 recipients 19 colleges

$8,000 to

master’s students

36% 1st generation college students

backgrounds

26

The WashingtonCPA Summer 2019

www.wscpa.org

WASHINGTON CPA FOUNDATION

2019-2020 Scholarship Winners Named Scholarships UNDERGRADUATE LEVEL

Shimer Family Foundation Scholarship (on behalf of Deloitte) Diana Tupikova Gonzaga University

Clark Nuber Accounting Scholarship Richard Herrera University of Washington

CLA Accounting Scholarship Tyler Kert Central Washington University - Ellensburg

KPMG Accounting Scholarship Julie Baker Gonzaga University

Moss Adams LLP Accounting Scholarship Nahum Garfias Washington State University - Pullman

PwC Accounting Scholarship Linh Tran University of Washington

Rich Jones Accounting Scholarship by Deloitte Medie Luzemba University of Washington Bothell

Roy J Polley Memorial Endowed Scholarship Marwa Alwattar University of Washington Bothell

Roy J Polley Memorial Endowed Scholarship Jordan Cain Whitworth University

Roy J Polley Memorial Endowed Scholarship Elmer Coria-Islas Pacific Lutheran University

Roy J Polley Memorial Endowed Scholarship Jessica Garinger Bellevue College

Roy J Polley Memorial Endowed Scholarship Simon Homedes Dualde Gonzaga University

Roy J Polley Memorial Endowed Scholarship Christopher Kelly Washington State University - Pullman

Roy J Polley Memorial Endowed Scholarship Caedyn Kimble Seattle University

Roy J Polley Memorial Endowed Scholarship Katherine Walter Seattle Pacific University

Sambataro Family Foundation Accounting Scholarship Danielle Alday Seattle University

TrueBlue Accounting Scholarship Jose Contreras St. Martin’s University

Waterman Endowed Scholarship Melika Korhani Shirazi North Seattle College

www.wscpa.org

EY Accounting Scholarship Saimon Woldu University of Washington

The WashingtonCPA Summer 2019

27

WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarships GRADUATE LEVEL

Princess Adrineda Seattle University

Justin Barnett Gonzaga University

Isabel Beaulieu Gonzaga University

Sarah Berry Gonzaga University

Daniel Duran University of Washington

Kelsey Evenson University of Washington

Micaela Granberg Gonzaga University

Danielle Hanna University of Washington Tacoma

Ayesha Horton Eastern Washington University

Katherine Joens Gonzaga University

Alekya Kota University of Washington Bothell

Annabella LaBate Gonzaga University

Tressa Lacy University of Washington Tacoma

Tyler Larsen Gonzaga University

Hongmei Li University of Washington Bothell

Jennifer Lo University of Washington

Debra McGhie Gonzaga University

Anna Mejia Eastern Washington University

April Patterson University of Washington Tacoma

Eric Rief Gonzaga University

28

The WashingtonCPA Summer 2019

www.wscpa.org

WASHINGTON CPA FOUNDATION

Haley Sandberg Western Washington University

Theresia Song City University, Seattle

Katie Tang University of Washington

Yong Tong Huang University of Washington

Analuz Torres Gonzaga University

Sarah Walters Gonzaga University

Taylor White Seattle University

Steven Whitman University of Washington

Kiara Wilson University of Washington

Lucy Zhao University of Washington

Washington CPA Foundation Accounting Scholarships UNDERGRADUATE LEVEL

Alena Zurcher Gonzaga University

Amber Ackley Central Washington University - Lynnwood

Sean Bates Washington State University - Pullman

Joslyn Bopray Western Washington University

Matthias Carlin Washington State University - Pullman

Levi Collins Washington State University - Vancouver

Dana Creswell Seattle Pacific University

Ryan Curtis Western Washington University

Miranda Deguzman Seattle University

Jeff Huynh University of Washington Bothell

www.wscpa.org

The WashingtonCPA Summer 2019

29

WASHINGTON CPA FOUNDATION

Hailey Keeline Washington State University - Vancouver

Samantha Kelley Washington State University - Pullman

Ina LaGrandeur Western Washington University

Jasmine Larios Western Washington University

Melinda Leierzapf Bellevue College

Shelley Liao University of Washington Bothell

Kathryn Madden University of Washington

Analexis Manjares-Diaz Washington State University - Pullman

Abigail Matson Washington State University - Vancouver

Hilary Mayhan University of Washington Bothell

Maureny Murillo Central Washington University - Ellensburg

Natalie Murumbi Seattle University

Jessica Olarti Seattle University

Chante Riley Centralia College

Zahra Seyedahmadbana North Seattle College

Daria Sharon University of Washington

Nicholas Stagl Western Washington University

Erin Stanley Bellevue College

Justin Steele Western Washington University

Carmen Valera Central Washington University - Ellensburg

30

The WashingtonCPA Summer 2019

www.wscpa.org

WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship DOCTORATE LEVEL

Michelle Li-Kuehne University of Wisconsin Whitewater Doctor of Business Administration “The Foundation recognizes the importance of supporting our state’s college accounting programs, which includes having enough Doctoral/PhD accounting educators to keep their accreditation. Due to the national shortages of advanced degrees in the profession, and rising retirement levels of educators, the Washington CPA Foundation is proud to continue to support these candidates in our state.”

- Kimberly Scott, Executive Director, Washington CPA Foundation

Grace Verkuyl University of Washington Tacoma

Xiangyan Wang University of Washington

Washington CPA Foundation Circle Reception | May 30

Kellyn Wolden Western Washington University

www.wscpa.org

Cassidi Young Western Washington University

The WashingtonCPA Summer 2019

31

EDUCATION AND EVENTS

CPE Digest CPE Credits

Date

Course

Type

#

Register at www.wscpa.org/store WSCPA scheduled NonAICPA WSCPA Code education and events for July 2019Location Member Member Member Fee Fee Discount by subject.

October 2019 are listed below, chronologically

To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/store.

NEED HELP finding an event or registering?

Contact us! 425.644.4800 | cpe@wscpa.org

CPE Credits

Date

Course

Code

Type

#

WSCPA Member Fee

NonMember Fee

AICPA Member Discount

Location

Accounting 7/22

8

Revenue: Topic 606 In Depth WEBCAST, 8:30am-4:30pm

20WBCJL22A

245

375

Your Desk

7/22

2

Vendor Fraud: Protecting Against a Growing Threat WEBINAR, 12:30-2:30pm

20WNCJL22B

79

99

Your Desk

7/23

8

FASB and AICPA Update: Practical Guidance WEBCAST, 8:30am-4:30pm

20WBCJL23A

245

375

Your Desk

7/23

8

Financial Statement Analysis: Unraveling the Mystery For Management WEBCAST, 8:30am-4:30pm

20WBCJL23B

245

375

Your Desk

7/24

1

Advanced Budgeting-Balance Sheet and Cash Flow Projections WEBINAR, 9-10am

20WNCJL24A

49

69

Your Desk

7/26

8

Cash and Credit Management WEBCAST, 8:30am-4:30pm

20WBCJL26B

245

375

Your Desk

7/29

8

U.S. GAAP: Review for Business & Industry WEBCAST, 7:30am-3:30pm

20WBBJL29A

279

349

8/2

2

Commonly Missed Analytical Procedures WEBINAR, 11:30am-1:30pm

20WNCAU02A

79

99

8/5

8

Leases: Mastering the New FASB Requirements WEBCAST, 7:30am-3:30pm

20WBBAU05A

279

349

8/9

1

Advanced Budgeting-Balance Sheet and Cash Flow Projections WEBINAR, 9-10am

20WNCAU09B

49

69

Your Desk

8/9

1

Prix Fixe: Revenue Recognition Reconnaissance WEBINAR, 12-12:50pm

20WPFAU09

30

50

Your Desk

8/12

8

Review of Significant Accounting Topics WEBCAST, 8:30am-4:30pm

20WBCAU12A

245

375

Your Desk

8/14

8

Compilations and Reviews: Risks, Procedures and Fraud WEBCAST, 8:30am-4:30pm

20WBCAU14A

245

375

Your Desk

8/19

8

Revenue Recognition: Mastering the New FASB Requirements WEBCAST, 7:30am-3:30pm

20WBBAU19B

279

349

8/20

2

Defective Compensation Systems: When Bonuses and Incentives Go Bad WEBINAR, 9-11am

20WNCAU20A

79

99

Your Desk

8/23

8

Implementing and Maintaining an Internal Control System WEBCAST, 8:30am-4:30pm

20WBCAU23B

245

375

Your Desk

8/28

2

A/R and A/P: Effective Management Techniques WEBINAR, 8-10am

20WNCAU28A

79

99

Your Desk

8/30

8

Changes to GAAP Affecting Non-Public Entities-An Overview of Recent Pronouncements & Criteria for Determining When (and If) They Should Be Adopted WEBCAST, 8:30am-4:30pm

20WBCAU30A

245

375

Your Desk

9/4

4

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know WEBCAST, 10am-2pm

20WBBST04A

179

229

9/5

8

Internal and External Fraud: Understanding it and Working to Control It WEBCAST, 8:30am-4:30pm

20WBCST05A

245

375

Your Desk

9/6

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 7-9am

20WNCST06A

79

99

Your Desk

9/9

2

Financial Accounting for Related Party Transactions WEBINAR, 9-11am

20WNCST09B

79

99

Your Desk

9/10

2

FASB's Revenue Recognition Topic 606 WEBINAR, 9:30-11:30am

20WNCST10A

79

99

Your Desk

9/16

8

Credit Impairment – Mastering FASB Requirements for Current Expected Credit Loss (CECL) WEBCAST, 7:30am-3:30pm

20WBBST16A

279

349

S

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

32

The WashingtonCPA Summer 2019

-30

Your Desk Your Desk

-30

-30

-30

-30

Your Desk

Your Desk

Your Desk

Your Desk

Networking event | C CFP

www.wscpa.org

ACCOUNTING IN THE WINE, BEER & CANNABIS INDUSTRIES

Working in wine? Accounting for ale? Curious about cannabis?

Get practical tools and make the connections you need to start working in these rapidly-growing industries!

•

Don’t get burned! Learn about the vulnerabilities of these three industries, and delve into legal, insurance, and licensing considerations, plus fraud red flags.

•

What will the future hold? Take a look at the region’s economic forecast and factors that will affect these specific industries.

•

Customize your conference with wine, brewing, and cannabis tracks covering each industry’s best practices, banking, taxation, and more.

Join us for a CPA conference unlike any other!

Includes breakfast, luncheon, and networking receptions Season Ticket is not applicable for these events.

The Washington Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

www.wscpa.org/cpe

www.wscpa.org

For info on WSCPA CPE policies, visit www.wscpa.org/cpe/cpe-policies or call 425.644.4800.

The WashingtonCPA Summer 2019

33

EDUCATION AND EVENTS CPE Credits

Date

#

Register at www.wscpa.org/store

Course

Code

WSCPA Member Fee

Type

NonMember Fee

AICPA Member Discount

Location

9/16

8

SSARS Codification: Preparation, Compilation and Review of Financial Information WEBCAST, 8:30am-4:30pm

20WBCST16A

245

375

Your Desk

9/17

8

2019 Compilation and Review Update WEBCAST, 7am-3pm

20WBAST17A

225

275

Your Desk

9/18

8

Accounting and Auditing Update WEBCAST, 8:30am-4:30pm

20WBCST18A

245

375

Your Desk

9/19

2

FASB's New Lease Accounting Standard WEBINAR, 8:30-10:30am

20WNCST19B

79

99

Your Desk

9/20

2

Commonly Missed Analytical Procedures WEBINAR, 10:30am-12:30pm

20WNCST20B

79

99

Your Desk

9/20

8

Private Company Accounting: New Challenges, New Directions WEBCAST, 8:30am-4:30pm

20WBCST20A

245

375

Your Desk

9/24

2

Defective Compensation Systems: When Bonuses and Incentives Go Bad WEBINAR, 1-3pm

20WNCST24A

79

99

Your Desk

9/25

8

2019 Business Fraud Update WEBCAST, 7am-3pm

20WBAST25A

225

275

Your Desk

9/26

2

A/R and A/P: Effective Management Techniques WEBINAR, 8:30-10:30am

20WNCST26A

79

99

Your Desk

9/27

8

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

20WBCST13A

245

375

Your Desk

10/1

2

FASB's New Lease Accounting Standard WEBINAR, 12-2pm

20WNCOC01B

79

99

Your Desk

10/1

4

Statement of Cash Flows: Preparation, Presentation, and Use WEBCAST, 10am-2pm

20WBBOC01A

179

229

10/2

2

Vendor Fraud: Protecting Against a Growing Threat WEBINAR, 1-3pm

20WNCOC02B

79

99

Your Desk

10/4

1

Prix Fixe: A&A Review WEBINAR, 12-12:50pm

20WPFOC04

30

50

Your Desk

10/7

8

Annual Update for Accountants and Auditors WEBCAST, 7:30am-3:30pm

20WBBOC07A

279

349

10/8

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 11am-1pm

20WNCOC08B

79

99

Your Desk

10/8

8

Internal and External Fraud: Understanding it and Working to Control It WEBCAST, 8:30am-4:30pm

20WBCOC08A

245

375

Your Desk

10/9

1

Fixing Your Chart of Accounts WEBINAR, 7:30-8:30am

20WNCOC09A

49

69

Your Desk

10/11

2

FASB's Revenue Recognition Topic 606 WEBINAR, 10am-12pm

20WNCOC11B

79

99

Your Desk

10/14

8

L

Accounting & Auditing Conference 2019, 8am-5pm

20AAC

355

455

Seattle

10/14

8



Accounting & Auditing Conference 2019 WEBCAST, 8am-5pm

20WWAAC

345

445

Your Desk

10/14

8

Statement of Cash Flows: Preparation and Analysis WEBCAST, 8:30am-4:30pm

20WBCOC14A

245

375

Your Desk

S

-30

-30

Your Desk

Your Desk

Accounting (Governmental) 7/24

8

Y

2019 Governmental Accounting & Auditing Update WEBCAST, 7am-3pm

20WBAJL24A

225

275

Your Desk

9/4

8

Y

2019 Governmental Accounting & Auditing Update WEBCAST, 7am-3pm

20WBAST04A

225

275

Your Desk

9/20

8

Y

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

20WWFSNPST

295

395

-30

Your Desk

9/20

8

YL

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

20FSNPST20

305

405

-30

Bellevue

10/9

8

Y

2019 Governmental Accounting & Auditing Update WEBCAST, 7-11am

20WBAOC09A

225

275

Your Desk

10/16

2

Y

Non-Profit Update: A&A Risks for Controllers and Auditors WEBINAR, 1-3pm

20WNCOC16C

79

99

Your Desk

Auditing 7/24

2

A Practical Approach to Assessing Risk for NFPs WEBCAST, 10am-12pm

20WBBJL24A

99

129

7/24

4

Advanced Fraud Case Study: Part 1 WEBCAST, 8:30am-12:30pm

20WBCJL24A

120

188

Your Desk

7/24

4

Advanced Fraud Case Study: Part 2 WEBCAST, 12:30-4:30pm

20WBCJL24B

120

188

Your Desk

7/26

8

Effective Workpaper Techniques: Building A Better Workpaper WEBCAST, 8:30am-4:30pm

20WBCJL26A

245

375

Your Desk

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

34

The WashingtonCPA Summer 2019

-30

Your Desk

Networking event | C CFP

www.wscpa.org

Register at www.wscpa.org/store Date

CPE Credits

#

Course

EDUCATION AND EVENTS WSCPA Member Fee

Code

Type

NonMember Fee

AICPA Member Discount

Location

8/6

8

Deception, Embezzlement and Fraud WEBCAST, 8:30am-4:30pm

20WBCAU06B

245

375

8/9

4

Applying Professional Skepticism in an Audit WEBCAST, 10am-2pm

20WBBAU09A

179

229

-30

Your Desk

8/19

8

Audits of 401(k) Plans WEBCAST, 7:30am-3:30pm

20WBBAU19A

279

349

-30

Your Desk

8/23

2

Making Internal Audit an Asset for the CFO WEBINAR, 8:30-10:30am

20WNCAU23B

79

99

8/28

2

Risk Assessment Deep Dive: How to Avoid Common Missteps WEBCAST, 10am-12pm

20WBBAU28A

99

129

8/28

8

Small-Business Internal Control, Security and Fraud Prevention and Detection WEBCAST, 9am-5pm

20WBCAU28A

245

375

9/4

4

Sustainability Assurance Engagements WEBCAST, 10am-2pm

20WBBST04B

179

229

-30

Your Desk

9/6

4

The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them WEBCAST, 10am-2pm

20WBBST06A

179

229

-30

Your Desk

9/9

8

Documenting Your EBP Audit: What You Need to Know WEBCAST, 7:30am-3:30pm

20WBBST09A

279

349

-30

Your Desk

9/10

8

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

20WBCST10A

245

375

9/10

4

Preparation, Compilation, and Review Engagements: Update and Review WEBCAST, 10am-2pm

20WBBST10A

179

229

-30

Your Desk

9/11

2

Risk Assessment Deep Dive: How to Avoid Common Missteps WEBCAST, 11:30am-3:30pm

20WBBST11A

99

129

-30

Your Desk

9/13

2

Making Internal Audit an Asset for the CFO WEBINAR, 8:30-10:30am

20WNCST13A

79

99

Your Desk

9/17

8

Common Frauds and the Internal Controls Designed to Prevent and Detect Them WEBCAST, 8:30am-4:30pm

20WBCST17A

245

375

Your Desk

10/2

4

Preparation, Compilation, and Review Engagements: Update and Review WEBCAST, 10am-2pm

20WBBOC02A

179

229

10/3

16

Auditing Standards: A Comprehensive Review WEBCAST, 8:30am4:30pm

20WBCOC03A

490

650

Your Desk

10/11

1

Prix Fixe: Peer Review Update WEBINAR, 12-12:50pm

20WPFOC11

30

50

Your Desk

10/15

4

Fraud: Recent Findings, Red Flags and Corruption Schemes WEBCAST, 10am-2pm

20WBBOC15A

179

229

S

Your Desk

Your Desk -30

Your Desk Your Desk

Your Desk

-30

-30

Your Desk

Your Desk

Auditing (Governmental)) 9/3

2

Y

What You Need to Know to Audit Government Programs WEBINAR, 11am-1pm

20WNCST03A

79

99

Your Desk

9/4

2

Y

Yellow Book Standards for CPAs in Public Practice WEBINAR, 10am12pm

20WNCST04A

79

99

Your Desk

9/9

2

Y

The GAO’s Green Book: Internal Controls WEBINAR, 8-10am

20WNCST09A

79

99

Your Desk

9/20

2

Y

Performance Auditing Essentials WEBINAR, 9-11am

20WNCST20A

79

99

Your Desk

10/1

2

Y

The GAO’s Green Book: Internal Controls WEBINAR, 9-11am

20WNCOC01A

79

99

Your Desk

10/7

2

Y

5 Elements of a Finding WEBINAR, 10:30am-12:30pm

20WNCOC07A

79

99

Your Desk

10/14

2

Y

Single Audit Primer and Update WEBINAR, 12-2pm

20WNCOC14B

79

99

Your Desk

10/15

2

Y

Yellow Book Standards for CPAs in Public Practice WEBINAR, 10am-12pm

20WNCOC15B

79

99

Your Desk

Business Law 7/23

4

Employment Law Update: Reducing Employer Liability WEBCAST, 10am-2pm

20WBBJL23A

179

229

-30

Your Desk

10/8

4

Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More WEBCAST, 10am-2pm

20WBBOC08B

179

229

-30

Your Desk

20WNCJL31A

79

99

Business Management & Organization 7/31

2



Motivating the Right Way-Get the Most From Your Staff! WEBINAR, 8-10am

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

www.wscpa.org

Your Desk

Networking event | C CFP

The WashingtonCPA Summer 2019

35

EDUCATION AND EVENTS CPE Credits

Date

#

Register at www.wscpa.org/store

Course

Code

WSCPA Member Fee



Top 10 Business Myths and How to Avoid Them WEBCAST, 7-9am

20WBAAU02A

79

Type

NonMember Fee

AICPA Member Discount

109

Location

8/2

2

Your Desk

8/7

8

Practical Tips for Controllers & CFOs WEBCAST, 8:30am-4:30pm

20WBCAU07B

245

375

Your Desk

8/8

2



Dream Wide Awake: Overcoming What Limits You in Life! WEBINAR, 8-10am

20WNAUC08A

79

99

Your Desk

8/9

1



Confessions of a Mompreneur: Leadership Lessons Learned WEBINAR, 7-8am

20WNCAU09A

49

69

Your Desk

8/14

2



Leadership Skills for Peak Performance in 21st Century WEBINAR, 10:30am-12:30pm

20WNCAU14A

79

99

Your Desk

8/15

2

3 Market Analysis Priorities to Drive Profitability WEBINAR, 8:30-10:30am

20WNCAU15A

79

99

Your Desk

8/15

8

K2's Business Continuity-Best Practices For Managing The Risks WEBCAST, 9am-5pm

20WBCAU15B

245

375

Your Desk

8/16

2



Emotional Intelligence: The Critical Factor in Success WEBINAR, 8-10am

20WNCAU16A

79

99

Your Desk

8/19

2



Don’t Let Conflict Derail your Relationships WEBINAR, 10am-12pm

20WNCAU19B

79

99

Your Desk

8/22

4

A CPA's Guide to Due Diligence WEBCAST, 7-11am

20WBAAU22A

129

159

Your Desk

8/26

4

Mergers & Acquisitions: Tricks, Traps, & Terrors WEBCAST, 9am-1pm

20WBAAU26B

129

159

Your Desk

9/6

1

Prix Fixe: A CPA’s Guide to Avoiding Trouble WEBINAR, 12-12:50pm

20WPFST06

30

50

Your Desk

10/7

4

A CPA's Guide to Due Diligence WEBCAST, 8am-12pm

20WBAOC07A

129

159

Your Desk

10/10

4

Mergers & Acquisitions: Tricks, Traps, & Terrors WEBCAST, 7am-5pm

20WBAOC10A

129

159

Your Desk

10/15

4

The Changing Role of the Controller: Advancing from Tactical to Strategic WEBCAST, 10am-2pm

20WBBOC15B

179

229

S

-30

Your Desk

Communications & Marketing 7/27

4



Outstanding Client Service: 10 Key Ways to Create Client Satisfaction and Get Referrals WEBCAST, 10am-2pm

20WBAJL27A

129

159

Your Desk

7/27

4



Public Speaking for CPAs: How to Write, Present, and Use Public Speaking to Advance Your Career WEBCAST, 9am-1pm

20WBAJL27B

129

159

Your Desk

8/14

4



Mastering the One Minute Relationship: How to Immediately Build Rapport and Trust So You Can Create More Business WEBCAST, 7-11am

20WBAAU14A

129

159

Your Desk

8/28

1



Member Exclusive: Top Five Wording Mistakes Businesses Make WEBINAR, 12-12:50pm

20WMEAU14

0

n/a

Your Desk

Computer Software & Applications 7/22

2

Power BI-Use Power Query to Transform Your Data WEBINAR, 8:30-10:30am

20WNCJL22A

79

99

Your Desk

7/23

4

Excel PivotTables – Part I WEBCAST, 7am-11am

20WBAJL23A

129

159

Your Desk

7/23

4

Excel PivotTables – Part II WEBCAST, 11am-3pm

20WBAJL23B

129

159

Your Desk

7/23

4

Power BI – Go Beyond PivotTables with Power Pivot WEBINAR, 10am2pm

20WNCJL23A

139

159

Your Desk

7/25

2

Excel – Format Your Spreadsheets for Maximum Impact WEBINAR, 9:30am-11:30am

20WNCJL25A

79

99

Your Desk

7/25

1

Simplifying Security of Online Passwords WEBCAST, 10am-11am

20WBBJL25A

59

69

7/26

2

Excel – Create KPI Dashboards for Maximum Impact WEBINAR, 11am-1pm

20WNCJL26A

79

99

Your Desk

7/30

2

Excel – From a Blank Sheet to a Finished Workbook WEBIANR, 9:30-11:30am

20WNCJL30A

79

99

Your Desk

7/31

8

K2's Excel PivotTables For Accountants WEBCAST, 9am-5pm

20WBCJL31B

245

375

Your Desk

8/6

2

Power BI – Introduction to MS Power BI Tools WEBINAR, 7-9am

20WNCAU06A

79

99

Your Desk

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

36

The WashingtonCPA Summer 2019

-30

Your Desk

Networking event | C CFP

www.wscpa.org

Register at www.wscpa.org/cpe/catalog or page 44

CONFERENCES

Find your tribe at WSCPA conferences 2019 Women's Leadership Summit

Sometimes you need to connect with like-minded CPAs. When the IRS hotline is jammed. When the finance committee expects an answer tomorrow. When you just heard about that new standard ... Find your tribe at these WSCPA conferences: August 2 Bottles, Brews & Buds Conference

November 12 Construction Industry Conference

August 8 Farm Tax Conference

November 19-20 Not-for-Profit & Health Care Conference

October 14 Accounting & Auditing Conference October 29-30 Pacific Tax Institute

LEARN MORE AT wscpa.org/tribe cpe@wscpa.org 425.644.4800

November 21-22 Technology Conference presented by K2 Enterprises December 17 Fraud Conference

webcast available www.wscpa.org

The WashingtonCPA Summer 2019

37

EDUCATION AND EVENTS CPE Credits

Date

#

Register at www.wscpa.org/store

Course

Code

WSCPA Member Fee

Type

NonMember Fee

AICPA Member Discount

Location

8/6

2

Power BI – Prepare Your Data Efficiently for Excel Analysis WEBINAR, 10am-12pm

20WNCAU06B

79

99

Your Desk

8/7

2

Power BI – Create Excel Dashboards for Maximum Impact WEBINAR, 7-9am

20WNCAU07A

79

99

Your Desk

8/8

8

K2's Advanced Excel WEBCAST, 9am-5pm

20WBCAU08A

245

375

Your Desk

8/13

4

Do-It-Yourself Business Intelligence with Microsoft’s Power BI Tools WEBCAST, 10am-2pm

20WBAAU13A

129

159

Your Desk

8/13

2

Excel – Format Your Spreadsheets for Maximum Impact WEBINAR, 9-11am

20WNCAU13A

79

99

Your Desk

8/14

8

Budgeting And Forecasting Tools And Techniques WEBCAST, 9am5pm

20WBCAU14B

245

375

Your Desk

8/16

8

K2's Business Intelligence: Featuring Microsoft's Power BI Tools WEBCAST, 9am-5pm

20WBCAU16A

245

375

Your Desk

8/19

2

Excel-Auditing Your Spreadsheets for Maximum Accuracy WEBINAR, 9-11am

20WNCAU19A

79

99

Your Desk

8/21

4

Power BI-Go Beyond PivotTables with Power Pivot WEBINAR, 7-11am

20WNCAU21A

139

159

Your Desk

8/22

2

Excel-Functions and Formula Shootout WEBINAR, 12-2pm

20WNCAU22A

79

99

Your Desk

8/22

8

Excel Financial Reporting and Analysis WEBCAST, 9am-5pm

20WBCAU22A

245

375

Your Desk

8/23

2

Analyze Your Business Operations Data With PowerBI WEBINAR, 7-9am

20WNCAU23A

79

99

Your Desk

8/26

2

Excel-Building Powerful Lookup & Reference Formulas WEBINAR, 10:30am-12:30pm

20WNCAU26A

79

99

Your Desk

8/27

8

Excel PivotTables – Powerful and Not Hard to Use...Really! WEBCAST, 8:30am-4:30pm

20WBCAU27A

245

375

Your Desk

8/28

2

Analyze Your Sales & Marketing Activities With PowerBI WEBINAR, 12-2pm

20WNCAU28C

79

99

Your Desk

8/28

2

Excel-Using Charts for a Non-Financial Audience WEBINAR, 11am-1pm

20WNCAU28B

79

99

Your Desk

8/28

4

Excel PivotTables – Part I WEBCAST, 8am-12pm

20WBAAU28A

129

159

Your Desk

8/28

4

Excel PivotTables – Part II WEBCAST, 12-4pm

20WBAAU28B

129

159

Your Desk

8/29

8

QuickBooks for Accountants WEBCAST, 9am-5pm

20WBCAU29A

245

375

Your Desk

9/6

8

K2's Excel Best Practices WEBCAST, 9am-5pm

20WBCST06A

245

375

Your Desk

9/11

8

CFO Series: Keeping Up With Technology WEBCAST, 8am-4pm

20WWCFOSST

295

395

Your Desk

9/11

8

CFO Series: Keeping Up With Technology, 8am-4pm

20CFOSST11

305

405

Bellevue

9/12

16

Data Analytics and Dashboards – Leverage the Power of Microsoft Power BI WEBCAST, 8am-4pm

20WWDADST

595

695

Your Desk

9/12

16

Data Analytics and Dashboards – Leverage the Power of Microsoft Power BI, 8am-4pm

20DADST12

610

710

Bellevue

9/27

2

Excel-Create KPI Dashboards for Maximum Impact WEBINAR, 9-11am

20WNCST27A

79

99

Your Desk

10/9

2

Mastering Data Preparation and Analysis in Excel WEBCAST, 8-10am

20WBBOC09A

99

129

10/10

8

Excel Financial Reporting and Analysis WEBCAST, 9am-5pm

20WBCOC10A

245

375

Your Desk

10/15

8

Excel PivotTables – Powerful and Not Hard to Use...Really! WEBCAST, 8:30am-4:30pm

20WBCOC15A

245

375

Your Desk

8/26

1

Target Date Funds: America’s #1 Retirement Investment (Free to Members) WEBCAST, 9-10am

20WBAAU26A

0

59

Your Desk

9/19

2

Cash Conversion Cycle: Tools and Techniques WEBINAR, 8-10am

20WNCST19A

79

99

Your Desk

9/25

2

Debt or Equity: Which Will Your Organization Need Next? WEBINAR, 8-10am

20WNCST25A

79

99

Your Desk

9/27

8

Corporate Finance Checkup: Renovate Your Analytical Toolbox WEBCAST, 8:30am-4:30pm

20WBCST27A

245

375

Your Desk

L

L

-30

Your Desk

Finance

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

38

The WashingtonCPA Summer 2019

Networking event | C CFP

www.wscpa.org

Register at www.wscpa.org/store Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA Member Fee

Type

NonMember Fee

AICPA Member Discount

Location

9/30

4

Financial Forecasting: Planning for Success WEBCAST, 7:30-11:30am

20WBBST30A

179

229

-30

Your Desk

10/10

4

Controller's Update: Today's Latest Trends WEBCAST, 10am-2pm

20WBBOC11A

179

229

-30

Your Desk

10/11

2

Cash Conversion Cycle: Tools and Techniques WEBINAR, 8:30-10:30am

20WNCOC11A

79

99

Your Desk

Information Technology 7/29

2

How Technology is Impacting the Accounting Profession WEBINAR, 12pm-2pm

20WNCJL29A

79

99

Your Desk

8/16

2

Cybersecurity Disruption – What CPAs Need to Know WEBINAR, 11am-1pm

20WNCAU16B

79

99

Your Desk

8/21

2

Automation Survival Guide for Accountants WEBINAR, 8-10am

20WNCAU21B

79

99

Your Desk

20WBBST09B

179

229

Coaching Skills for CPAs, Controllers and Financial Managers WEBCAST, 11am-3pm

20WBAAU09A

129

159

Your Desk

Management Services 9/9

4

Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 11:30am-3:30pm

-30

Your Desk

Personal Development 

8/9

4

8/15

0

Members' Reception Tacoma-Members Only, 6-8:30pm

20NPAU15

0

n/a

Tacoma

8/17

0

l

Day of Service: Keeping it Green in Seattle, 10am-2pm

20CHSBAU17

0

0

Seattle

8/17

0

l

Day of Service: Lead the Fight Against Hunger in Kent, 12pm-2pm

20CHSBAU

0

0

Kent

8/22

0

Members' Reception Kirkland-Members Only, 6-8:30pm

20NPAU22

0

n/a

Kirkland

9/11

1

Member Exclusive: Organization and Structure: Determining How Entities Are Taxed in a Post TCJA Landscape WEBINAR, 12-12:50pm

20WMEST11

0

n/a

Your Desk

9/17

0

Small Firm Career Fair, 1-4pm

19SFCF17

0

n/a

Bellevue

9/18

0

Soccer and Scarves in Seattle: 2019 Sounders Networking, 6-9pm

20CHSBST18

35

40

Seattle

9/25

0

Members' Reception Spokane-Members Only, 5:30-7:30pm

20NPST25

0

n/a

Spokane

9/26

0

Members' Reception Yakima-Members Only, 5:30-7:30pm

20NPST26

0

n/a

Yakima

L l

Regulatory Ethics 8/7

4

E

Washington Ethics and New Developments 2019 WEBCAST, 8am-12pm

20WBAAU07A

164

194

Your Desk

9/5

4

E

Washington Ethics and New Developments 2019 WEBCAST, 8am-12pm

20WBAST05A

164

194

Your Desk

9/24

4

E

2019 Rules, Regulations, and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement) WEBCAST, 8am-11:30am

20WWETTNST

179

229

Your Desk

9/24

4

EL

2019 Rules, Regulations, and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8-11:30am

20ETTNST24

189

239

Bellevue

10/3

4

E

Washington Ethics and New Developments 2019 WEBCAST, 8am-12pm

20WBAOC03A

164

194

Your Desk

Specialized Knowledge 8/2

8

S

Bottles, Brews & Buds Conference WEBCAST, 8am-5pm

20WWBBB

325

425

Your Desk

8/2

8

L S

Bottles, Brews & Buds Conference, 8am-5pm

20BBB

425

525

Bellevue

8/6

8

Social Security Basics and Strategies for Maximizing Benefits WEBCAST, 8:30am-4:30pm

20WBCAU06A

245

375

Your Desk

8/7

2

The Cannabis Industry: Business & Intellectual Appraisal WEBINAR, 8-10am

20WNCAU07B

79

99

Your Desk

8/12

8

Financial Planning for Healthcare WEBCAST, 8:30am-4:30pm

20WBCAU12B

245

375

Your Desk

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

www.wscpa.org

Networking event | C CFP

The WashingtonCPA Summer 2019

39

EDUCATION AND EVENTS CPE Credits

Date

#

Register at www.wscpa.org/store

Course

Code

WSCPA Member Fee

Type

NonMember Fee

AICPA Member Discount

Location

8/12

2

The Cannabis Industry: Lessons Learned from Colorado WEBINAR, 9-11am

20WNCAU12A

79

99

Your Desk

8/15

8

Advanced Personal Financial Planning Update WEBCAST, 8:30am-4:30pm

20WBCAU15A

245

375

Your Desk

8/23

1

S

Prix Fixe: A Checkup on Healthcare Risk Management WEBINAR, 12-12:50pm

20WPFAU23

30

50

Your Desk

9/20

1

S

Prix Fixe: Succession Planning: The Price is in the Planning WEBINAR, 12-12:50pm

20WPFST20

30

50

Your Desk

10/2

2

The Cannabis Industry: Business & Intellectual Appraisal WEBINAR, 11am-1pm

20WNCOC02A

79

99

Your Desk

10/8

4

Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization WEBCAST, 10am-2pm

20WBBOC08A

179

229

10/9

1

Member Exclusive: Construction-Building a Profitable Plan WEBINAR, 12-12:50pm

20WMEOC09

0

n/a

Your Desk

10/17

2

The Cannabis Industry: Business & Intellectual Appraisal WEBINAR, 12-2pm

20WNCOC17B

79

99

Your Desk

7/23

2

IRS Ethics and Best Practices for Tax Professionals WEBCAST, 7-9am

20WBAJL23C

79

109

Your Desk

7/23

8

Securing a Comfortable Retirement in the Age of Spending WEBCAST, 8am-4pm

20WWSCRTJL

300

400

Your Desk

7/23

8

Securing a Comfortable Retirement in the Age of Spending, 8am-4pm

20SCRTJL23

310

410

Bellevue

7/23

4

State Tax Nexus and New Developments: Wayfair Edition WEBCAST, 9am-1pm

20WBAJL23D

129

159

Your Desk

7/24

8

Social Security and Medicare: Planning for You and Your Clients WEBCAST, 8am-4pm

20WWSSRBJL

300

400

Your Desk

7/24

8

Social Security and Medicare: Planning for You and Your Clients, 8am-4pm

20SSRBJL24

310

410

Bellevue

7/25

8

199A Deduction: Complete Review WEBCAST, 8:30am-4:30pm

20WBCJL25A

245

375

Your Desk

7/25

8

Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLC's WEBCAST, 8am-4pm

20WWTPGSJL

300

400

Your Desk

7/25

8

Surgent's Annual Tax-Planning Guide for S Corporations, Partnerships, and LLC's, 8am-4pm

20TPGSJL25

310

410

Bellevue

7/27

4

State Tax Nexus and New Developments: Wayfair Edition WEBCAST, 7-11am

20WBAJL27C

129

159

Your Desk

7/29

8

Estate Planning: A Comprehensive Overview WEBCAST, 8:30am-4:30pm

20WBCJL29A

245

375

Your Desk

7/31

2

Reasonable Compensation for Management, Tax and Appraisal WEBINAR, 11:30am-1:30pm

20WNCJL31B

79

99

Your Desk

7/31

8

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

20WBCJL31A

245

375

Your Desk

8/2

1

Prix Fixe: New Washington State Tax Developments WEBINAR, 12-12:50pm

20WPFJL19

30

50

Your Desk

8/2

8

S Corporations: The Fundamentals and More WEBCAST, 8:30am-4:30pm

20WBCAU02A

245

375

Your Desk

8/5

8

Advanced Issues: The Art of the Estate Tax Return WEBCAST, 8:30am-4:30pm

20WBCAU05B

245

375

Your Desk

8/5

8

The Nuts and Bolts of High-End Planning WEBCAST, 8:30am-4:30pm

20WBCAU05A

245

375

Your Desk

8/7

8

Best Practices for Tax Income and Expense Recognition WEBCAST, 8:30am-4:30pm

20WBCAU07A

245

375

Your Desk

8/8

8

Farm Tax Conference 2019, 8am-5pm

20FARM

310

410

Kennewick

8/8

4

Federal Taxation of Legal Marijuana WEBCAST, 12:30-4pm

20WWGGFTLA

150

200

Your Desk

-30

Your Desk

Taxes

L

L

L

S

L

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

40

The WashingtonCPA Summer 2019

Networking event | C CFP

www.wscpa.org

Register at www.wscpa.org/store Date

CPE Credits

#

EDUCATION AND EVENTS WSCPA Member Fee

NonMember Fee

AICPA Member Discount

Course

Code

Federal Taxation of Legal Marijuana, 12:30-4pm

20GGFTLAU8

155

205

Bellevue

The Tax Cuts and Jobs Act: How YOUR Clients Will Be Affected and What You Should be Doing Now WEBCAST, 8-11:30am

20WWGGTCJA

150

200

Your Desk

The Tax Cuts and Jobs Act: How YOUR Clients Will Be Affected and What You Should be Doing Now, 8-11:30am

20GGTCJAU8

155

205

Bellevue

Type

Location

8/8

4

8/8

4

8/8

4

8/8

4

Washington Sales Tax and New Developments WEBCAST, 8am-12pm

20WBAAU08A

129

159

Your Desk

8/9

8

Avoiding Tax Malpractice WEBCAST, 8:30am-4:30pm

20WBCAU09A

245

375

Your Desk

8/9

8

Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships WEBCAST, 8am-4pm

20WWGGPRTS

300

400

Your Desk

8/9

8

Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships, 8am-4pm

20GGPRTST

310

410

Bellevue

8/13

8

Mitigation of International Double Taxation WEBCAST, 8:30am-4:30pm

20WBCAU13A

245

375

Your Desk

8/15

2

IRS Ethics and Best Practices for Tax Professionals WEBCAST, 10am-12pm

20WBAAU15A

79

109

Your Desk

8/15

8

S Corporation Preparation, Basis Calculations & Distributions-Form 1120S Schedule K & K-1 Analysis WEBCAST, 8am-4pm

20WWSBADAU

295

395

Your Desk

8/15

8

S Corporation Preparation, Basis Calculations & Distributions-Form 1120S Schedule K & K-1 Analysis, 8am-4pm

20SBADAU15

305

405

Bellevue

8/16

8

Partnership Preparation, Basis Calculations & Distributions – Form 1065 Schedule K & K-1 Analysis WEBCAST, 8am-4pm

20WWPBADAU

295

395

Your Desk

8/16

8

Partnership Preparation, Basis Calculations & Distributions – Form 1065 Schedule K & K-1 Analysis, 8am-4pm

20PBADAU16

305

405

Bellevue

8/21

16

Partnership Taxation WEBCAST, 8am-4pm

20WWPTSAU

555

655

Your Desk

8/21

16

Partnership Taxation, 8am-4pm

20PTSAU21

565

665

Bellevue

8/22

4

State Tax Nexus and New Developments: Wayfair Edition WEBCAST, 9am-1pm

20WBAAU22B

129

159

Your Desk

8/23

8

Entity Choice-Tax Considerations WEBCAST, 8:30am-4:30pm

20WBCAU23A

245

375

Your Desk

8/26

8

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

20WBCAU26A

245

375

Your Desk

8/26

2

Working Paper Documentation WEBCAST, 10am-12pm

20WBBAU26A

99

129

9/3

2

Real Estate Tax Update WEBINAR, 12-2pm

20WNCST03B

79

99

Your Desk

9/4

2

Expensing and Depreciating Business Assets WEBINAR, 11am-1pm

20WNCST04B

79

99

Your Desk

9/5

8

Section 199A A to Z – A Comprehensive Approach to the Biggest Tax Break in Decades WEBCAST, 8am-4pm

20WWGGS199

300

400

Your Desk

9/5

8

Section 199A A to Z – A Comprehensive Approach to the Biggest Tax Break in Decades, 8am-4pm

20GGS199

310

410

Bellevue

9/6

2

Understanding the New Partnership Audit Rules WEBINAR, 10:30am-12:30pm

20WNCST06B

79

99

Your Desk

9/6

4

Washington Sales Tax and New Developments WEBCAST, 8am-12pm

20WBAST06A

129

159

Your Desk

9/10

2

International Tax Compliance – Overview of Important Changes WEBCAST, 9-11am

20WBAST10A

79

109

Your Desk

9/11

8

2019 Not-for-Profit Accounting, Auditing & Tax Update WEBCAST, 7am-3pm

20WBAST11A

225

275

Your Desk

9/11

1

Member Exclusive: Organization and Structure: Determining How Entities Are Taxed in a Post TCJA Landscape WEBINAR, 12-12:50pm

20WMEST11

0

n/a

Your Desk

9/11

2

Self-Rental Real Estate: Passive Activity and Section 199A WEBINAR, 10am-12pm

20WNCST11B

79

99

Your Desk

9/11

2

The Flow Through Entities Deduction: Review and Update WEBINAR, 7-9am

20WNCST11A

79

99

Your Desk

9/13

2

Partnerships: How to Calculate the Partner's Basis WEBINAR, 9-11am

20WNCST13B

79

99

Your Desk

L

L

L

L

L

L

L

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

www.wscpa.org

-30

Your Desk

Networking event | C CFP

The WashingtonCPA Summer 2019

41

EDUCATION AND EVENTS CPE Credits

Date

#

Register at www.wscpa.org/store

Course

Code

WSCPA Member Fee

Type

NonMember Fee

AICPA Member Discount

Location

9/16

2

Individual Taxation: Recent Developments WEBINAR, 9:30-11:30am

20WNCST16A

79

99

Your Desk

9/17

2

Entertainment & Parking Expenses: Coping with the New Rules WEBINAR, 7-9am

20WNCST17A

79

99

Your Desk

9/17

2

IRS Ethics and Best Practices for Tax Professionals WEBCAST, 7-9am

20WBAST17B

79

109

Your Desk

9/17

4

State Tax Nexus and New Developments: Wayfair Edition WEBCAST, 10am-2pm

20WBAST17C

129

159

Your Desk

9/17

2

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

20WNCST17B

79

99

Your Desk

9/18

8

Federal Tax Update WEBCAST, 8am-4pm

20WWGGFTUA

300

400

Your Desk

9/18

8

Federal Tax Update, 8am-4pm

20GGFTUAU9

310

410

Bellevue

9/18

2

Reasonable Compensation for Management, Tax and Appraisal WEBINAR, 8:30-10:30am

20WNCST18A

79

99

Your Desk

9/19

8

Real Estate Taxation: Cutting Edge Tax Strategies in the Taxation of Real Estate WEBCAST, 8am-4pm

20WWGGRETS

300

400

Your Desk

9/19

8

Real Estate Taxation: Cutting Edge Tax Strategies in the Taxation of Real Estate, 8am-4pm

20GGRETSST

310

410

Bellevue

9/23

2

Guide to 1041 Preparation of Estates and Trusts WEBINAR, 9:30-11:30am

20WNCST23B

79

99

Your Desk

9/23

2

The Flow Through Entities Deduction: Review and Update WEBINAR, 7-9am

20WNCST23A

79

99

Your Desk

9/25

8

The Complete Guide to Washington Death Taxation WEBCAST, 8am-4pm

20WWADTST

295

395

Your Desk

9/25

8

The Complete Guide to Washington Death Taxation, 8am-4pm

20ADTST25

305

405

Bellevue

9/26

8

Deal Structure for Mergers and Acquisitions WEBCAST, 8:30am-4:30pm

20WBCST26A

245

375

Your Desk

9/26

8

Estate Planning: Washington Issues WEBCAST, 8am-4pm

20WWEPLIST

295

395

Your Desk

9/26

8

Estate Planning: Washington Issues, 8am-4pm

20EPLIST26

305

405

Bellevue

9/26

2

The New Choice of Entity Decision: Review and Update WEBINAR, 10am-12pm

20WNCST26B

79

99

Your Desk

9/27

8

A Practical Guide to Trusts WEBCAST, 8am-4pm

20WWGTTST

295

395

Your Desk

L

L

L

L

9/27

8

A Practical Guide to Trusts, 8am-4pm

20PGTTST27

305

405

Bellevue

9/27

2

Real Estate Tax Update WEBINAR, 10am-12pm

20WNCST27B

79

99

Your Desk

9/30

2

Real Estate Professionals, Passive Activity and Section 199A WEBINAR, 11am-1pm

20WNCST30A

79

99

Your Desk

10/4

2

Nonprofit Taxation: Understanding the New Rules WEBINAR, 9:30-11:30am

20WNCOC04B

79

99

Your Desk

10/4

2

The Flow Through Entities Deduction: Review and Update WEBINAR, 7-9am

20WNCOC04A

79

99

Your Desk

10/4

4

Washington Sales Tax and New Developments WEBCAST, 8am-12pm

20WBAOC04A

129

159

Your Desk

10/8

2

Self-Rental Real Estate: Passive Activity and Section 199A WEBINAR, 9-11am

20WNCOC08A

79

99

Your Desk

10/9

2

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 11am-1pm

20WNCOC09B

79

99

Your Desk

10/10

2

The New Choice of Entity Decision: Review and Update WEBINAR, 7:30-9:30am

20WNCOC10A

79

99

Your Desk

10/14

2

Partnerships: How to Calculate the Partner's Basis WEBINAR, 8:30-10:30am

20WNCOC14A

79

99

Your Desk

10/14

4

State Tax Nexus and New Developments: Wayfair Edition WEBCAST, 11am-3pm

20WBAOC14A

129

159

Your Desk

10/15

2

S Corporations: How to Calculate the Shareholder's Basis WEBINAR, 7-9am

20WNCOC15A

79

99

Your Desk

L

L Live event |  Non-tech credits |  Conference | Y Yellow Book | l Chapter event | S Season Ticket/Coupons N/A |

42

The WashingtonCPA Summer 2019

Networking event | C CFP

www.wscpa.org

MEMBER PROFILE

www.wscpa.org

The WashingtonCPA Summer 2019

43

CLASSIFIED ADS

Detailed advertising information is available online at www.wscpa.org under More. Ads are $1 per word, with a $50 minimum fee.

Active e-mail and web site addresses are included. Ads are placed on the website for 60 days when received and in the next magazine when received by the deadline, Sept 1 for the Fall 2019 issue. Post a job listing at www.wscpa.org (click Job Board.) Use the Miscellaneous category for rental or vacation property. Contact Janet White at (425) 586-1126, or memberservices@wscpa.org for more information. All ads must be pre-paid.

PRODUCTS & SERVICES Want To Start a CPA Practice? Grow Client Billings By Six Figures? We Can Help. PracticePro takes a hands-on approach to expand your client base and provides the professional guidance you need as a CPA. We are practice growth experts - whether you are launching a new firm or seeking to expand a current firm we aim to increase billings by sixfigures. Experienced CPA advisors available for professional guidance & support. Contact: 888-505-7630 or info@gopracticepro.com.

MERGERS & SALES $1.4 million CPA Practice for Sale in Bellevue, WA. Overview – ABA Advisors represents this $1.4 million CPA firm located in Bellevue, WA. The seller is willing to provide transitional assistance to the buyer to help ensure client retention.THE Firm – Gross Income is $1,400,000. Cash Flow is a little under 50%. The firm has a nice mix of business and individual tax work in addition to accounting, bookkeeping and payroll services. There are a few compilations and audits as part of the service mix. The seller desires to retire from public accounting.Go online to download more information at: https://acctsales.com/ listings/1-4-million-bellevue-wa-cpa-firmfor-sale. Contact Information: Chuck Hayes, ch@acctsales.com, (317) 546-7720

South King County CPA Firm For Sale. Owner of a South King County CPA firm is looking for a buyer to purchase his practice. The practice has a great balance of income tax and write up work on an annual basis. Tax services provide 65% of revenues with write up equaling 35% on an annual basis. The fees in the write up area are excellent and provide a solid contribution to the bottom line. The tax services offer the immediate opportunity to increase the realization rate by streamlining these procedures. All of these attributes provide an excellent opportunity for a variety of practitioners looking to acquire an excellent practice. The practice currently generates approximately $600,000 in annual revenue.

Email cfirm1906@gmail.com for additional information.

Considering Selling Your 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.accountingprac-

44

The WashingtonCPA Summer 2019

ticesales.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 Booming King County Audit & Tax Practice.

Private Practice Transitions is assisting a client, located in King County, with the sale of a lucrative audit and tax firm. The historical practice breakdown by revenue is 67% Audit, 30% Tax, and 3% Consulting. In 2018, the Practice brought in over $2,000,000 in gross receipts, and had Seller’s Discretionary Earnings (SDE) of over $860,000. The Practice has experienced 8% growth the last two (2) years and is poised for continued growth under new ownership! The Practice is completely turnkey, has over 430 active clients, and employs 15 staff. Email info@privatepracticetransitions. com or call 253.509.9224.

Established Bellevue Tax Practice. Private Practice Transitions is assisting a client, located in Bellevue Washington, with the sale of a highly reputable tax firm. The practice was established in 1984, and currently has over 450 active clients. Over the years, the owner has been able to be very selective with his clients, and has a superb book of business ready to transfer to new ownership.

The Practice employs three (3) full-time staff in addition to the owner. The owner desires to sell the Practice as a turn-key operation to a personable and ambitious individual or firm.

The Practice is in an incredible location and is poised for significant growth under new ownership. Email info@privatepracticetransitions.com or call 253.509.9224.

Thriving Oregon Tax Practice. Private Practice Transitions is assisting a client in Washington County, Oregon area with the sale of a highly profitable, turn-key, private tax practice. The service breakdown is 77% Tax Preparation & Planning, 15% Bookkeeping, and 8% Payroll. In 2018, the Practice brought in over $870,000 in gross receipts and has approximately 900 active clients as of January 2019. The Practice is growing exponentially with YoY growth of 18% in 2018, and 10% in 2017. The Practice is well known in the community for providing the highest level of customer service and employs six (6) staff including the owner.

Email "Listing #1067 – Thriving Oregon Tax Practice" to info@privatepracticetransitions. com or call 253.509.9224.

Established Central Washington Tax & Accounting Practice. Private Practice Transitions is assisting a client, located in North Central Washington, with the sale of a highly reputable tax and accounting firm. The practice was established in 2003 and currently has over 400 active clients. While Tax preparation accounts for about 65% of the firm’s business,

35% comes from Bookkeeping and Accounting. The owner desires to sell the Practice as a turn-key operation, and the office that the Practice occupies is also available for sale, if desired. Email “Established Central Washington Tax & Accounting Practice” to info@privatepracticetransitions.com or call 253.509.9224 Turn-Key Pierce County Tax & Accounting.

Private Practice Transitions is assisting a client, located in Pierce County, with the sale of a busy tax and accounting practice. The firm’s historical breakdown by revenue is 63% Tax Prep and 37% Bookkeeping. The firm has over 600 active clients and a staff of four (one owner, two full-time employees, and one parttime employee). The firm is located in a 1,828 square foot office that is also available for sale, if desired. With annual gross revenues just under $300,000 (2017-2018), you don’t want to miss out on this great opportunity. Email “Turn-Key Pierce County Tax & Accounting Practice” to info@privatepracticetransitions. com or call 253.509.9224 Lucrative Eastside Tax & Accounting Practice. Practice Private Practice Transitions is assisting a client, located on the Eastside, with the sale of a busy tax and accounting firm. The practice and founding shareholder have operated from this location for over 37 years and the shareholders desire to sell the business as a turnkey operation. The firm files more than 700 tax returns each year for both businesses and individuals. While Tax preparation accounts for about 65% of the firm’s business, 32% comes from Bookkeeping and Accounting, and Compilation and Review work. The remaining 3% comes from Consulting Services. The firm is centrally located in a well-established, thriving market, and poised for explosive growth. The firm employs great long-term staff to support the shareholders in a fully furnished office.

With 2018 gross revenues over $800,000, you don’t want to miss out on this amazing opportunity. Email “Lucrative Eastside CPA Practice” to info@privatepracticetransitions. com or call 253.509.9224 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 about these and other organizations that need your help, under Volunteer opportunities for CPAs, at www.wscpa.org/ more/marketing-to-cpas

•

Financial Empowerment Network

•

Many Lights Foundation

•

Nat'l Film Festival for Talented Youth

•

Eastside Pathways

•

Shunpike

•

Jet City Improv

•

Atlas Assistance Dogs

•

Parent Trust for WA Children

www.wscpa.org

CLASSIFIED ADS

(WA 1126) Island County: This well-established enrolled agent practice is for sale.

The firm is well balanced with a tax practice that produces 75% of revenue and a writeup practice that generates the balance.

The practice is well positioned for future growth due to having a solid staff serving long-term clients. The Seller is retiring but will be available to assist in transition. For any firm looking for a satellite office, an existing practice wishing to branch out, or an individual who has aspirations of getting out on their own, this practice is an excellent choice. The Seller, to assist in the sale, will consider financing the purchase of the practice provided the Buyer makes a substantial down payment and has excellent credit and collateral.

(WA 1127) Vancouver: This CPA practice that focuses on the preparation of income tax returns is for sale. The firm’s revenue stream is almost all from the preparation of income tax returns with the exact percentage equaling 90%. The balance of the annual fees are earned from write up and payroll services which are approx. 10% of revenues. Reflecting a service commitment, the Seller is a very hands on in assisting clients in conducting their business affairs to minimize their tax burdens. The bulk of these clients are small business clients who require these services and consist of professionals of all types. With the elements of trust and accountability of the owner, this firm is a very solid practice

with many tax based practices, the write up provides an off season revenue stream to even out income for the balance of the year after a busy tax season. The firm is well balanced in the types of clients served but does have somewhat of a concentration in the areas of health care professionals, auto dealers, and construction. With owner(s) who will provide a solid transition, this firm is seeking successor(s) who share the same values and commitment to service.

with clients that return year after year. All this in a firm with an excellent cash flow and a great opportunity for a variety of buyers.

(WA 1133) North East Washington/ Stevens County: This CPA firm located in North East Washington is a tax and accounting practice with a small amount of write up during the year. The practice revenues consist of income tax preparation and consulting 97% and write up 3%. The firm’s fee structure is excellent with realization rates that are the equal of any firm regardless of size. The strength of the firm is found in the cash flow to the owner that is well above the norm reflecting the excellent management practices of the Seller. This firm is the perfect fit for a professional looking for an excellent opportunity coupled with a pace and style of life that is not big city. When combined with a Seller who seeks to provide a good transition, this firm provides opportunity that many seek but few find in moving to ownership.

(WA 1129) Burien, Kent, Federal Way Area: This CPA practice has a nice balance of income tax and write up work on an annual basis. Tax services provide 65% of revenues with write up equaling 35% on an annual basis. The fees in the write up area are excellent and provide a solid contribution to the bottom line. The tax services offer the immediate opportunity to increase the realization rate by streamlining these processes.

All of these attributes provide an excellent opportunity for a variety of practitioners looking to acquire an excellent practice.

(WA 1132) Edmonds: This EA/Accounting practice is a tax based firm with a good write up practice. The firm revenue stream is 74% income tax and 26% write up services.

The strength of this firm is a strong referral network that consistently serves as a silent partner in the success of the practice. As

Crossword Puzzle ACROSS 1. Bit of sweat 5. "The Wild Duck" playwright 10. Birthstone after sapphire 14. Loaf 15. Craze 16. Short skirt 17. Jack-in-the-pulpit, e.g.

18. Prediction of a disease outcome 20. Stradivarius abbrev.

22. ___ power 23. Decree 24. _______ May, former UK Prime Minister 26. Little one 28. Sharp sound 30. Astronomer's sighting 35. The masses 38. Desk item 39. Many 40. Range Rover model 42. Duty 43. Ancient devotion 45. Obtaining of something 47. Mariner 48. Complimentary close 49. Oolong, for one 51. Heavy hydrogen, e.g.

www.wscpa.org

55. Cockamamie 59. Big ___ Conference 61. Father of Paris 62. Using solid semiconductors 65. Grad 66. Describe 67. Slowly merged (into) 68. Remove from a manuscript 69. Gaelic 70. Words to live by 71. Cut, maybe DOWN 1. Wild party 2. Third rock from the sun 3. Blue hue 4. Set boundaries or limits of 5. Mischievous one 6. Marine crustacean 7. Contemptible person 8. Black billiard ball 9. Bread served with korma 10. Trans-Siberian Railroad city 11. Hummus holder 12. French cordial flavoring 13. Vermin 19. Exterior

21. New York's Carnegie ___ 25. Rescue from loss at sea 27. Burdensome 29. Spirit of the waters 31. Barrier on a terrace 32. ___-friendly 33. Bulgarian coins 34. ___ group 35. Gives the boot 36. ___ vera 37. ___ Scotia 41. Drove away 44. Prominent 46. Clip 50. Fragrant oil 52. Drunk, in slang 53. _____ Exclusion Principle 54. Irish revolutionary Robert 55. Bermuda, e.g.

56. Film genre 57. "___ for the poor" 58. Prime-time hour 60. "___ on Down the Road" 63. Blink of an eye 64. Tokyo, formerly

1

2

3

4

5

14

6

20

9

10

12

13

32

33

34

52

53

54

19 23 26

25 28 36

11

16

22

21

24

29

27 30

31

38

37 40

39 43

41

42

45

44

46

48

47 49 55

8

18

17

35

7

15

56

57

50 59

58

51 60

61 64

65

62

63

66

67

68

69

70

71

Find answers on the WSCPA blog at

www.wscpa.org/news The WashingtonCPA Summer 2019

45

PHOTO ALBUM Sips in SoDo - Seattle/Bellevue Chapter

Vancouver Members' Reception

2019 Women's Leadership Summit

2019 Annual Meeting

46

The WashingtonCPA Summer 2019

Sips in SoDo Seattle/Bellevue Chapter

www.wscpa.org

2019 Farm Tax Conference

Don’t miss the WSCPA Farm Tax Conference— the best way to learn about changes and updates to the rules surrounding agribusiness!

August 8, 2019

Get the latest updates on tax opportunities and pitfalls for taxpayers in the agriculture industry, plus valuable insights on:

Speaker: Paul Neiffer, CPA

•

8 CPE credits

• •

Section 199A QBID and whether farms need to restructure for the maximum advantage Benefits of bonus depreciation versus the Section 179 alternative TCJA provisions that remain unknown and still require IRS guidance

Three Rivers Convention Center, Kennewick, WA

Register now for this ideal forum for discussing current issues affecting your farm and ranch clients!

Learn more at www.wscpa.org/ag-cpas-assemble www.wscpa.org

The WashingtonCPA Summer 2019

47

Periodicals postage paid at Bellevue WA and additional mailing offices 902 140th Ave NE Bellevue WA 98005-3480

CLEAR

AREA

Register now! wscpa.org/bbb-conference