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January 2015 | Maryland Association of Certified Public Accountants, Inc.
STATEMENTNEW REVENUE
RECOGNITION STANDARD: BUILD YOUR IMPLEMENTATION PLAN NOW
PAGE 9
Richard J. Princinsky & Associatesis now a division of
USI Insurance Services, LLCThrough the new partnership, RJP is positioned as one of the leading employee benefits brokerage firms in the MidAtlantic region specializing in employee benefits and offers enhanced and comprehensive pension, 401k and P&C solutions.
With this expansion, the RJP team has access to resources and expertise you would expect from one of the largest national brokers that will continue to be delivered by qualified consultants through our long-standing tradition of personal attention, meeting the specific needs of every client.
A New Partnership ...
We are the MACPA’s Exclusive Preferred Provider for Employee Benefits.
410.773.4300 | 800.618.2600elizabeth.shire@usi.biz
Win the tax season race.
MACPA.ORG/1040FT
With Art Werner
1040 Fast Track is an ideal way to prepare for the tax season rush. It is an extensive seminar covering changes in individual tax law. The event is interactive and features audience participation. Attendees are also provided with an 800+ page manual written by full-time practitioners.
January 8-9, 2015Location: ColumbiaEvent ID: 211002Cost: Member $300, Non-member $450CPE: 16 hours tax
ALSO AVAILABLE AS A WEBCAST
ONLINE LEARNING OPTIONFor our members’ convenience both 1040 Fast track seminars will be available as live webcasts for those who can’t attend in person. For questions or for more information, please call the Member Service Center at 800.782.2036.
B A N K I N G . I N S U R A N C E . I N V E S T M E N T S
Member FDIC. Only deposit products are FDIC insured.© 2013, Branch Banking and Trust Company. All rights reserved.
If values aren’t shared,If values aren’t shared,If values aren’t shared,they aren’t lived.they aren’t lived.they aren’t lived.
For more than 140 years, BB&T has never taken a relationship for granted. We set out to earn your business each and every day. Our strong value system helps us determine what is right and reasonable. And to remain focused on doing what’s in the best interests of the clients and communities we serve. Discover the value a values-driven bank can offer you. Talk to us today. BBT.com
Proud Sponsor of the MACPA
CONTENTS
WE WANT TO HEAR FROM YOU! See below to submit content
Bill SheridanMACPA Dulaney Center II 901 Dulaney Valley Road Suite 800Towson, MD 21204
For content submission: bill@macpa.orgfeedback@macpa.org
P: 410.296.6250 F: 410.296.8713Toll free: 800.782.2036
The MACPA reserves the right to edit all submissions for grammatical style and / or length.
Statement of fact and opinion are made by the authors alone and do not imply an opinion on the part of the officers or members of MACPA.
The Statement is published four times a year by the Maryland Association of Certified Public Accountants, Inc.
Bill Sheridan, EditorAmy Moran, Advertising Sales
January 2015 | Maryland Association of Certified Public Accountants, Inc.
CHAIR’S COLUMN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
FEATURESNew revenue recognition standard: Build your implementation plan now . . . . . . . . . . . 9
DEPARTMENTSNews & Views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Tax Corner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Accounting & Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33High-Tech Solutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38Member Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46NYPN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 47
MEMBER NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
CLASSIFIEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
UPCOMING EVENTS & COURSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
3JANUARY 2015
ADMINISTRATION
Becky Conley becky@macpa.org
Ashlee Stem ashlee@macpa.org
Amy Stumme amy@macpa.org
COMMUNICATIONS
Amy Moran amym@macpa.org
Bill Sheridan bill@macpa.org
FINANCE
Margaret DeRoose margaret@macpa.org
Laura Swann, CPA lauras@macpa.org
MEMBER SERVICES
Lauren Baker lauren@macpa.org
Rebekah Brown rebekah@macpa.org
PRODUCT DEVELOPMENT
Akesha Brown akesha@macpa.org
Debbie Zizwarek debbie@macpa.org
TECHNICAL SERVICES
Cora Edwards cora@macpa.org
MaryBeth Halpern marybeth@macpa.org
PROFESSIONAL DEVELOPMENT
Pamela C. Devine pam@macpa.org
Chris Dougherty chrisd@macpa.org
Andrew Hood andrew@macpa.org
Donna Lewis donna@macpa.org
Paige Sawickipaige@macpa.org
Laura Dorsey-Shaner laura@macpa.org
Terri Smithterri@macpa.org
Dee Sullivan dee@macpa.org
Emily Trott emily@macpa.org
Ryan Wey ryan@macpa.org
2014-2015 BOARD OF DIRECTORSOFFICERS
Marianela del Pino-Rivera, CPAChair
Michael Manspeaker, CPAVice Chair
Lisa Cines, CPASecretary/Treasurer
Byron Patrick, CPA, CITP, MCSEImmediate Past Chair
DIRECTORS
Michael Drankiewicz, CPA
Laura Freitag, CPA
Virginia Jackson, CPA
Carl Kampel, CPA
Amy Myers, CPA
Gene Ransom III, Esq.
Sean Roddy, CPA, CMA, CGMA, MBA
Richard L. Wolf, CPA, CFE, CGMA
SENIOR STAFFMACPA EXECUTIVE DIRECTOR
J. Thomas Hood III, CPAtom@macpa.org
MACPA DEPUTY EXECUTIVE DIRECTOR
Jacqueline E. G. Brownjackie@macpa.org
DIRECTOR OF FINANCE AND ADMINISTRATION
Skip Falatko, CPAskip@macpa.org
B A N K I N G . I N S U R A N C E . I N V E S T M E N T S
Member FDIC. Only deposit products are FDIC insured.© 2013, Branch Banking and Trust Company. All rights reserved.
If values aren’t shared,If values aren’t shared,If values aren’t shared,they aren’t lived.they aren’t lived.they aren’t lived.
For more than 140 years, BB&T has never taken a relationship for granted. We set out to earn your business each and every day. Our strong value system helps us determine what is right and reasonable. And to remain focused on doing what’s in the best interests of the clients and communities we serve. Discover the value a values-driven bank can offer you. Talk to us today. BBT.com
Proud Sponsor of the MACPA
MACPA HONORS TOP WOMEN IN THE PROFESSIONSome of the profession’s leading women took center stage at the MACPA’s inaugural Women To Watch Awards on Sept. 23. Winners were honored in two categories — Emerging Leaders and Experienced Leaders. Pictured from left are Lexy Kessler, a partner at Aronson and Experienced Leaders winner; AICPA Chair-elect Tommye Barie, who attended at spoke at the event; Aileen Eskildsen, director at Ellin & Tucker and Emerging Leaders winner; MACPA Chair Marianela del Pino-Rivera; Tammy Schneider, principal at Glass Jacobson and Experienced Leaders winner; and Elise Brouillette, data assurance manager at PwC and Emerging Leaders winner. The event was also supported by the AICPA and its national Women To Watch program. Read more about the event at MACPA.org/Women.
January 29 | Governor Calvert House | Event ID: 181000
macpa.org/cpaday
2015
Promoting and Protecting CPAs in Maryland Bring your voice to Annapolis on January 29th
STATEMENT6
CHAIR’S COLUMNTAX TROUBLES, ANNAPOLIS TURNOVER DEMAND CPAS’ ATTENTIONBY MARIANELA DEL PINO-RIVERA, CPA, CHAIR
BRACE YOURSELVES, CPAS. THIS TAX SEASON IS SHAPING UP TO BE A ROUGH ONE.A series of recent articles in the trade publications have listed a number of possible headaches this year. It is an impressive list:
• The IRS’s budget is woefully inadequate. Since 2010, the agency has lost 13,000 full-time employees and 7 percent from its operating budget while trying to serve an additional 7 million taxpayers. The numbers don’t add up. “The problem is trying to figure out how to survive with the constraints we are under and the obligations we have,” IRS Commissioner John Koskinen told the Journal of Accountancy.
• Koskinen estimated that 47 percent of taxpayer phone calls to the IRS might go unanswered in 2015, up a stunning 18 percent from 2014.
• At press time, the fate of more than 50 tax extender laws was uncertain. Lame-duck lawmakers in Congress had vowed to address the extenders before the end of the year, but any further delays could push back the start of tax season and leave taxpayers waiting longer than usual for their refunds to arrive.
• The tax provisions in laws like the Affordable Care Act and the Foreign Account Tax Compliance Act (or FATCA) are making life miserable for IRS officials. “For example,” Forbes reporter Ashlea Ebeling writes, “Koskinen said the IRS requested $430 million in 2014 from Congress to implement the ACA but got zero, forcing it to take money out of enforcement and taxpayer services budgets.”
More and more, it seems CPAs are expected to be de facto enforcement agents for the IRS.
• We are verifying health insurance
and coverage related to the ACA.
• We need to verify appropriate documentation for any donation of at least $250.
• Due diligence requirements for the Earned Income Tax Credit are becoming increasingly onerous, as are repair and maintenance de minimus policies.
Thankfully, we have access to a number of resources that can help.
Topping the list is the MACPA’s own federal and state tax listservs. These invaluable tools are cited by some tax preparers as the benefit they value most from their MACPA membership. Throughout tax season, members ask questions and provide answers to a community that’s designed to do one thing: connect tax pros to the resources and information they need to do their jobs.
Preparers will also find valuable tax-season resources in the MACPA’s various social networks, in its weekly all-member e-newsletter, and at its popular 1040 Fast Track program on Jan. 8-9.
Details about these resources — and about the AICPA’s terrific Tax Practitioner’s Toolkit — can be found on Page 21.
As always, the MACPA is working with the rest of the profession to make sure the voices of CPAs are heard in Annapolis, in Congress, and at the IRS. We’re successful more often than not, but this year will bear watching especially closely.
CPA DAY: MORE IMPORTANT THAN EVER
Speaking of politics, you won’t want to miss the 2015 edition of CPA Day in Annapolis, scheduled for Jan. 29.
With a new governor ready to take office and sizable turnover in the General Assembly, it’s more important than ever that CPAs introduce themselves to lawmakers and start educating them
about the issues that impact Maryland businesses and taxpayers.
This year, those issues will include:
Sales tax on services
It’s always possible that the General Assembly could revisit the idea of imposing sales taxes on professional services as a way to raise revenue. The MACPA believes a sales tax on services would burden the citizens and businesses of Maryland unnecessarily with additional taxes.
Tort reform / contributory negligence
The MACPA will work in support of Maryland’s contributory negligence rule for a number of reasons. It prevents a flood of suits by plaintiffs who have a disproportionate amount of fault, helps keep a lid on insurance premium growth rates, and fosters the exercise of due care by everyone. On the flip side, the higher cost of conducting business and the decreased productivity associated with the “comparative negligence” alternative would lead to a loss of jobs, increased liability and a deterioration of the economic climate in Maryland.
We also plan to support a revision to the definition of “attest” (due to a technical change to the SSAEs) and the Maryland Tort Reform Coalition’s effort to establish a limit on the size of appeal bonds that defendants must post in order to prevent the collection of an adverse judgment while the case is on appeal.
The real value of CPA Day comes in building relationships with your legislators and spending a productive day with your fellow CPAs. Those connections can pay off many times over when harmful legislation is introduced.
You’ll find details and registration information about CPA Day at MACPA.org/CPADay. I look forward to seeing you there!
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When you sit down with a client, you strive to seetheir business from their perspective and make recommendations based on their unique situation.We operate similarly.
Whether your CPA firm is a one person operation or national in scope, the AICPA Professional Liability Insurance Program offers insurance products and solutions designed to fit your needs:
• Insurance created to cover the unique exposures of CPA firms
• Premium credits designed to reflect the way CPAs do business
• Quality coverage at a price that fits your budget
• All size firms and areas of practice are eligible
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Please call Rich Bacher at Aon Insurance Services at 800.221.3023or visit www.cpai.com/premieradtoday!
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The Financial Accounting Standards Board’s new revenue recognition standard presents the most significant accounting change many veteran CPAs have seen.
The standard touches every entity (public and private, including not-for-profit entities) that reports under U.S. GAAP and will require CPAs to re-examine the underlying economics of large numbers of established business practices.
The new standard applies to most transactions and contracts with customers, except for leases, insurance contracts, most financial instruments, and guarantees (other than product or service warranties).
At first glance, the implementation period for Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” might seem adequate, if not generous. Public companies, for whom early adoption is not permitted, are required to adopt the standard in 2017 (for reporting periods beginning after Dec. 15, 2016). Private companies get an additional year (starting with 2018 for their annual reports) and two more
years, beginning in 2019, to start applying the standard to interim reports. Private companies may choose to adopt the standard on the public company schedule.
After further study, however, many organizations may find the implementation period to be extremely aggressive and the task daunting. There are many components to be analyzed and many questions to be answered:
• How will the standard affect operational and performance metrics?
• What IT changes will be needed?
• How will you retrospectively adopt the standard?
If a public company chooses full retrospective adoption, revenue and the direct effects of change in accounting principle to all contracts must be restated for 2015 and 2016 to show comparative financial statements with a cumulative adjustment as of Jan. 1, 2015.
CPAs are encouraged to advise clients and employers to begin developing an implementation plan as soon as possible.
The AICPA has organized a major effort, including industry work groups, training, and organizational tools to assist CPAs with this monumental implementation.
CPAs can use the following key tasks
based on the AICPA’s New Revenue Recognition Accounting Standard: Learning and Implementation Plan (MACPA.org/Revenue) as a high-level road map to begin organizing your organization’s implementation.
TASK 1: FORM A TASK FORCE (2014-15)
Don’t wait to get all of the major players involved. The standard replaces most transaction- and industry-specific guidance with a principle-based approach, making it difficult – if not impossible – for CPAs to estimate the implementation effort required in a specific organization without first conducting a detailed assessment to use in developing a work plan. In all but the very smallest private companies, this assessment will require substantial collaboration with most major business functions, including sales and marketing, IT, legal, and human resources.
TASK 2: EVALUATE THE IMPACT (2014-16)
Evaluate the changes from current GAAP to the new revenue recognition standard and evaluate the impact on how your company accounts for existing revenue streams and the results to your company’s financial statements.
In addition, evaluate how the standard will affect operational and performance metrics, company contracts, compensation plans, accounting policies, internal controls, and tax matters. Work with your auditor to ensure that your approach to implementing the new revenue recognition standard and any changes in accounting for revenue recognition are documented completely and accurately.
TASK 3: CHOOSE HOW TO RETROSPECTIVELY ADOPT (2014)
The standard should be applied using one of the following two methods:
Retrospectively to each prior reporting period presented, and the entity may elect any of the following practical expedients:
• For completed contracts, an entity
9JANUARY 2015
CONTINUED ON PAGE 10
NEW REVENUE RECOGNITION STANDARD: BUILD YOUR IMPLEMENTATION PLAN NOWBY KIM KUSHMERICK
need not restate contracts that begin and end within the same annual reporting period.
• For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.
• For reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.
Retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application. If an entity elects this transition method, it also should provide the additional disclosures in reporting periods that include the date of initial application of the following items:
• The amount by which each financial statement line item is affected in the current reporting period by the application of the standard as compared to the guidance that was in effect before the change.
• An explanation of the reasons for significant change.
In September, the Securities and Exchange Commission (MACPA.org/SECrevenue) determined that companies electing full retrospective adoption will only be required to apply the new standard for three years rather than the expected five years.
TASK 4: DETERMINE IT CHANGES NEEDED (2014)
Based on the determinations made in Tasks 2 and 3, the new standard may require modifications to IT systems to capture the appropriate level of information related to data used to make
estimates on revenue recognition and new disclosures.
Determine whether any changes will need to be made to IT systems or software
applications to capture information needed for the new revenue recognition standard, including the following retrospective adoption and the additional qualitative and quantitative disclosures required.
TASK 5: DETERMINE INTERIM DISCLOSURES NEEDED FOR PUBLIC COMPANIES (2014-16)
Public companies should consider the guidance in SEC Staff Accounting Bulletin (SAB) No. 74 (Topic 11:M), “Disclosure of the Impact that Recently Issued Accounting Standards Will Have on the Financial Statements of the Registrant When Adopted in a Future Period” (MACPA.org/SAB74) to determine the appropriate interim disclosures to be made prior to the adoption of the new standard.
TASK 6: DEVELOP PROJECT PLAN (2014–16)
Develop an evolving project plan for implementation of the revenue recognition standard considering all of the tasks above and facilitate training for your staff.
TASK 7: EDUCATE KEY STAKEHOLDERS (2015-16)
Based on the determinations made in Tasks 2 and 3, the new revenue recognition standard may result in changes in timing of revenue recognized as well as new qualitative and quantitative disclosures that will need to be explained to stakeholders. Educate key stakeholders such as your audit committee, board of directors, investors, and lenders on the new revenue recognition standard and what changes they should expect in your company’s financial statements.
Kim Kushmerick is the AICPA’s senior technical manager, accounting standards.
NEED MORE TIME TO PREP FOR REVENUE RECOGNITION? YOU MIGHT GET ITFrom the MACPA’s blog, CPA Success
For every organization that must comply with the profession’s new revenue recognition standard — and that pretty much means every organization, period — the biggest concern is time.
The standard, which was released in May by the Financial Accounting Standards Board and the International Accounting Standards Board, centers on the recognition of revenue from contracts with customers and “is designed to create greater comparability for financial statement users across industries and jurisdictions,” writes Ken Tysiac in the Journal of Accountancy.
Here’s the problem: The original deadlines called for any companies that file under U.S. GAAP to implement the new standard by Jan. 1, 2017. Officials at many of the companies in question have complained, saying that simply isn’t enough time.
Regulators apparently are listening. FASB and IASB officials have said recently that they might delay the implementation deadline in the wake of those complaints.
That would probably be a good thing. The more we hear about the standard, the more unsure companies seem to be about the impact it will have on business.
While most companies are at least somewhat familiar with the standard, CFO.com’s Matthew Heller reports that “35 percent of companies had not yet attempted to quantify the impact of the new standard on financial statements, and 23 percent were not sure whether it would have a material impact on income statements or balance sheets.”
Compliance Week’s Tammy Whitehouse added this:
“(Seventy-seven) percent of companies expect to make some significant changes to IT systems to adopt the standard, but few could estimate the costs the company would incur to adopt the standard. The results suggest companies still have a lot of work ahead of them to understand the standard and its implications for their accounting, controls, and business generally.”
Sounds like we could all put that extra time to good use.
STATEMENT10
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ADP is a Premier Bronze Sponsor of the Maryland Association of CPAs. For more information about our member benefit program, call 410.933.2181 today!
2015Business& Industry C O N F E R E N C E
MAY 7TH
Event ID: 121011 | Turf Valley Resort & Conference Center
macpa.org/industry
FIND YOUR COMPETITIVE EDGE
Attention CPAs:Whether A Decision Maker Looking To Upgrade Your Talent,
Or A CPA Looking to Upgrade Yourself/Your Skills, Ask Yourself:
Who really chose who in joining your company?
Are you/your professional staff really at the right level where you should be/you need them to be?
Are you/your staff in a position that truly suits your/their personality, values, and professional and personal needs?
Why leave your future to chance? If you’re seriously interested in making the “right” move for your next hire, I can help you.
I am an actively licensed CPA in Maryland and Virginia with over 20 years of experience including public accounting (E&Y) and consulting (KPMG), financial accounting (American Cancer Society), internal audit (Moneyline Telerate), and recruiting (Acsys, formerly Don Richards). As a networker who truly enjoys helping others and sharing my career experiences to guide fellow professionals, here is how I can help you:
Decision Makers: Ask you questions, and most likely ask many more questions than other recruiters
about your company, duties involved, skills required, corporate culture and more Work with you on finding the “right” professional that is the “right fit” Provide you with valuable information about the professionals I work with,
the marketplace, what your competitors pay, and more
Career Seekers: Guide you on career paths available in public accounting and industry Enable you to capitalize on your strengths Coach you on how to put your best foot forward to find the “right fit” Advise you when to stay in your current position if that is the right move
If you’re interested in working with a recruiter who understands your background, skills, andis genuinely interested in helping you find the “right fit”, then I welcome meeting you!
BETH A. BERK, CPA, CGMAIndependent RecruiterSpecializing in CPA Firm, Accounting & Finance Positions in Metropolitan DC & Nearby Suburbs/Baltimore/Richmond/Tidewater
Connecting You To Your Next Hire TM Contingency & Retained Staffing Solutions
matching skills, experience & values with needs
Serving clients and professionals as an Independent Recruiter since March 2005
Phone: 301-767-0670Email: BethABerk@msn.com
STATEMENT14
CPAs used to be limited by geographic area. Today, distance isn’t a barrier. A CPA located in New York can have clients in California. Thanks to advanced technology, CPAs and their clients e-mail, scan, or fax materials to each other. They also store content in the cloud, where it can be easily accessed from an office, a coffee shop, or anywhere with an internet connection.
The AICPA’s Accounting and Review Services Committee (ARSC) recently issued Statement on Standards for Accounting and Review Services No. 21 that, among other things, accounts for
changes in CPAs’ practice environment. The ARSC is committed to ensuring that its standards remain relevant and meet members’ needs.
SSARS No. 21 is written in clarified format, which is intended to present standards that are easier to read, understand, and implement.
SSARS No. 21 is effective for engagements on financial statements for
periods ending on or after Dec. 15, 2015, but early implementation is permitted. The clarified and revised standards supersede all existing AR sections except for AR section 120, “Compilation of Pro Forma Financial Statements,” which is expected to be exposed for public comment in clarified format in 2015, along with a proposed standard on compilation of prospective financial information, which is currently addressed in the attestation standards.
THE STANDARD CONSISTS OF FOUR SECTIONS:
Section 60, “General Principles for Engagements Performed in Accordance With Statements on
Standards for Accounting and Review Services,” is intended to help accountants better understand their professional responsibilities when performing engagements in accordance with SSARSs.
Section 70, “Preparation of Financial Statements,” applies when the accountant is engaged
to prepare financial statements but is not engaged to perform an audit, review, or a compilation on those financial statements.
Section 80, “Compilation Engagements,” applies when the accountant is engaged to perform a
compilation engagement.
Section 90, “Review of Financial Statements,” applies when the accountant is engaged to perform a
review of financial statements.
Substantive changes to standards for compilations, reviews, or engagements
to prepare financial statements are as follows:
• Section 70 does not require a report, even when the financial statements are expected to be used or provided to a third party.
• Section 70 requires either a legend on each page of the financial statements stating that no assurance is being provided or a disclaimer.
• The accountant is required to obtain an engagement letter signed by both the accountant and the client’s management for all reviews, compilations, and engagements to prepare financial statements.
• Section 80 eliminates the need for the accountant to determine whether he or she has prepared financial statements by eliminating the submission requirement.
• Section 80 always requires a report. Financial statements that the accountant is engaged to prepare but that are not intended for third-party use would fall under Section 70.
“The standards create a bright line between accounting (preparation) services and reporting (compilation) services,” said MACPA Chief Executive Officer Tom Hood, CPA. “Our members will greatly benefit from the newly issued SSARS.”
For more information, visit the AICPA’s SSARS No. 21 webpage at MACPA.org/SSARS21.
New SSARS 21 creates bright line between accounting and reporting services
NEWS & VIEWS
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2
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4
FROM THE AICPA
"THE ARSC IS COMMITTED TO ENSURING THAT ITS STANDARDS REMAIN RELEVANT AND MEET MEMBERS’ NEEDS."
The CPA Event of the year.
6.23.2015
INNOVATION SUMMIT
SAVE THE DATE
STATEMENT16
CBM merges with Drolet & AssociatesAfter nearly 40 years, Councilor, Buchanan & Mitchell is back in Washington, D.C., as a result of its merger with D.C.-based Drolet & Associates PLLC, Certified Public Accountants. The combined firms will operate as Councilor, Buchanan & Mitchell, PC. Pictured from left are (front row), Patricia Drolet, Peter Reilly and Holly Caporale; and (back row) Matthew Johnson, Daniel Weaver, John Mullins, S. Vincent Crescenzi and Richard Morris. Not pictured is John Comunale.
A new era of CPA leadershipMACPA Chair-elect Michael Manspeaker, second from left, joins AICPA Chair-elect Tim Christen during a break at the 2014 fall meeting of the AICPA’s governing Council in Boston. Joining them, from left, are MACPA CEO Tom Hood, MACPA Chief Operating Officer Jackie Brown, and AICPA President and CEO Barry Melancon.
NEWS & VIEWS
What’s on Line 37?
Your opportunity to make a tax-deductible
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BE THERE WHEN YOU CAN’T BE THEREMACPA offers over 400 webcasts a year.macpa.org/webcasts
Busy season is a little less busy with tax resources from AICPA, MACPA
TAX CORNER
While this year brings some uncertainty as to whether expiring tax provisions will be renewed (and, as a result, whether tax season will be affected), it also delivers a few things of value – resources that you can use to educate your clients about tax changes and the Affordable Care Act.
The AICPA Tax Practitioner’s Toolkit (AICPA.org/tax-toolkit) helps firms of all sizes bolster their current client bases and actively reach out to prospective clients. The Toolkit’s messaging will help you establish yourself as a leading provider of tax services all year long. The website also has been redesigned to make it easier to find the tools you need.
In addition, the MACPA’s state and federal tax communities are gearing up for another productive tax season.
• The MACPA’s state and federal tax listservs are among the association’s most popular resources. Each tax season, the lists are dominated by members who have pressing tax-related questions – and by other members stepping in to answer those questions. They’re the perfect resources for finding trusted solutions to your tax issues.
• Daily tax updates are posted on the MACPA’s Twitter (Twitter.com/MACPA), Facebook (Facebook.com/MACPA) and LinkedIn (MACPA.org/MACPALinkedIn) networks.
• Weekly tax updates are found each Friday in our MACPA Weekly e-newsletter, sent automatically to all members.
• The MACPA’s popular 1040 FastTrack program offers comprehensive individual tax information for CPAs and their staffs. The program will be held on Jan.
8-9 at the Loyola Graduate Center. Get details and register at MACPA.org/1040FastTrack.
HOW CAN YOU ACTIVELY COMMUNICATE WITH CLIENTS WITH SO LITTLE TIME?
Keeping your website current or social media posts timely is a challenge, especially during busy season. But maintaining that connection is vital. Reminding clients of your value regularly and year round is easy with the AICPA’s Toolkit tools, such as website articles and tweets for consumers and client letters and brochures on tax changes that require planning.
Save time by taking the guesswork out of what to say. Just cut and paste from:
• more than 100 tax tip tweets that promote your experience and expertise, ready for you to download and tweet to your followers;
• 29 mini-tax articles and reminders that showcase your expertise and value that you can drop into your website, social media or client communications; and
• client letters to small business or individual clients (or both) to educate them on important year-end tax planning concerns and encourage them to contact you now.
You can also download and print the Tax Law Snapshot brochure to give clients a detailed overview of what may affect their return in 2015 or the Affordable Care Act FAQs to answer their questions about issues like the new shared responsibility payment and the Health Insurance Marketplace.
EASY WAYS TO RAISE YOUR PRACTICE’S PROFILE
Within the Tax Practitioner’s Toolkit are customizable materials intended to help tax practitioners reach potential clients and be ready for business opportunities that can present themselves any time.
• Are there groups in your community who would like a speaker to bring them up to speed on tax changes and the Affordable Care Act? Use the Tax Law Snapshot PowerPoint slides and modify them to add your own voice and local or state concerns.
• What can you say or send as a followup to someone who asks what you do? Send them the Tax Law Snapshot or a brochure on CPA year-round services.
• Is your child’s school looking for ad sponsors for a game or play program? You can help. Just add your name and contact information to one of the print ads that describe a CPA’s unique value as a trusted adviser.
• Would your local paper appreciate a tax expert offering tips for their readers? Most likely! Modify and send the media release template and review tips for media interviews to get started.
The range of Toolkit resources enables you to reach consumers from many different angles. Visit the Toolkit at AICPA.org/tax-toolkit and see all the resources available to you.
21JANUARY 2015
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“The Anticipatory CPA” WITH DAN BURRUS
5/4/15HILTON BALTIMORE BWI AIRPORT
The main skill CPAs need to thrive in a business environment marked by hyperchange and uncertainty is the ability to accurately anticipate the future.
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THE BLI AUTHOR SPEAKER SERIES
Complexities with IRS processing of refundsBY GERARD H. SCHREIBER JR.Editor’s note: The following article was originally published by the Texas Society of CPAs. It is reprinted here with permission.
TAX CORNER
The April 15 deadline will soon be here, and you will be hearing from clients who have not received their refunds. This article will give insight into systemic issues that practitioners must be aware of and work with to assist clients in receiving their refunds.
The convenience of the electronic filing mandate, direct deposit of refunds to bank accounts and IRAs, and the ability to track a refund through the IRS “Where’s My Refund?” tool and e-Services make a practitioner’s life easier … until we’re faced with the inability to find a taxpayer’s refund in the system. Many practitioners are finding out that when the refund does not appear in the system, it creates a challenging set of circumstances to determine what is happening with the taxpayer’s account. In addition to income tax returns, practitioners may need to access transcripts for other returns filed with the IRS.
The IRS has introduced a tool on its website that enables taxpayers to access their account transcript. It is located at IRS.gov/Individuals/Get-Transcript. Taxpayers may create a user name and access their account information online.
Most practitioners might agree that IRS transcripts create complexities for practitioners and will not be readily understood by taxpayers. It is unlikely a taxpayer will have the knowledge and understanding of the transaction codes and other information on the transcript and will need to consult the practitioner for interpretation or contact the IRS.
The following information covers issues associated with assisting practitioners in getting the taxpayers’ refunds processed and to them. Also, the use of e-Services and IRS transcripts necessitates an
understanding of the transaction codes and other information on the transcripts.
IRS ACTIONS
The typical circumstance practitioners experience is that the taxpayer’s return is filed electronically, with a refund indicated to be directly deposited into the taxpayer’s bank account. The practitioner knows the return has been electronically filed and accepted by verification from the Electronic Return Originator.
Then, there is an unexpected delay in the issuance of the refund and the practitioner is unable to find a record of the return being filed in the IRS system after looking on both the IRS website using the “Where’s My Refund” tool and in e-Services. In addition, the practitioner may consult the Practitioner Priority Service and Taxpayer Advocate Service.
This creates a very frustrating set of circumstances for all concerned. The taxpayer is anxious to receive the refund, does not understand the delay, and looks to the practitioner for answers. The practitioner is using the resources he or she is aware of and is not able to get any answers. No one is available to provide answers. The Practitioner Priority Service is unable to assist in releasing the refund or providing any insight on the issue. The practitioner is unsure if the matter meets the current criteria for acceptance by the Taxpayer Advocate.
What should be done next?
In many instances, the taxpayer’s return has been selected for further review, which will not appear in the account on e-Services and “Where’s My Refund.” The IRS is concerned with the accuracy and validity of the return filing. A Letter 5071C, “Potential Identity Theft During
Original Processing with Online Option,” is sent to the taxpayer requesting additional information to assist in the processing of the return. Many taxpayers will not inform the practitioner of receiving this letter and attempt to answer this inquiry on their own. The complexities of the identity verification process can be very confusing to many taxpayers and further delay the processing and receipt of the refund. By the time the practitioner is informed, a significant amount of time has passed.
When accessing e-Services, a practitioner will generally obtain an account transcript that will furnish much information to assist in determining the status of the taxpayer’s account. The dates of filing, assessment, payments, and other actions on the account are the most obvious that appear.
In addition to this information, various transaction codes will be listed on the transcript. Knowledge of these transaction codes has become a very important and necessary tool in determining what is happening with the taxpayer’s account in all instances and for all types of returns, in addition to taxpayer’s refunds.
Many of us will remember when revenue agents and officers would visit our offices, have paper printouts of a taxpayer’s account, and then refer to a foldout document to determine the various transaction codes on the account. This is the IRS Transaction Codes Pocket Guide, Document 11734. In addition to this, the IRS has Document 6209, which provides more detail on transaction codes than the pocket guide.
Most of the accounts with delayed refunds are coded with a transaction code 570. This is also referred to as a “hard freeze” on the account.
23JANUARY 2015
CONTINUED ON PAGE 24
“The Anticipatory CPA” WITH DAN BURRUS
5/4/15HILTON BALTIMORE BWI AIRPORT
The main skill CPAs need to thrive in a business environment marked by hyperchange and uncertainty is the ability to accurately anticipate the future.
Daniel Burrus is one of the world’s leading technology forecasters and innovation experts.
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Register to Attend: BLIONLINE.ORG/BURRUS
THE BLI AUTHOR SPEAKER SERIES
The Taxpayer Advocate’s report has indicated “one of the most significant problems requiring improvement is that the IRS continues to harm taxpayers by unreasonably delaying the processing of valid refund claims that happen to trigger systemic filters.” The report indicates 240,000 accounts had permanent “hard refund freezes” placed on them. The hard freeze is represented by transaction code 570.
The Advocates’ report indicates there are many issues with the Questionable Refund Program (QRP):
• In the second quarter of fiscal year 2012, the IRS reported that QRP inventory had increased three-fold over the previous year. As a result, the IRS has not been able to work this increased inventory within 70 calendar days, as agreed to between the National Taxpayer Advocate and Criminal Investigation in 2006, and began to apply hard freezes on these accounts.
• In FY 2012, the IRS Accounts Management Taxpayer Assurance Program (AMTAP) imposed a “hard freeze” on more than 142,000 returns because it could not complete the verification within the allotted time, not because the returns show “badges of fraud” or are otherwise suspect. In other words, AMTAP is using a hard freeze – normally designated for accounts in which potentially fraudulent activity has been “verified” – as an inventory management tool, without sufficient analysis of relative risk.
• TAS receipts of AMTAP cases – one indicator of flawed IRS procedures – rose approximately 468 percent since FY 2010, from 3,171 case receipts in FY 2010 to 18,012 in FY 2012. AMTAP cases currently constitute 8.2 percent of all TAS case receipts and are the second most common issue in TAS casework.
• TAS is increasingly receiving cases from taxpayers who are experiencing crippling economic burden because of IRS AMTAP delays.
• Seventy percent of all taxpayers who sought TAS help with the refund freezes in 2012 were experiencing some kind of financial harm as a result of IRS actions (or inaction), compared to 38 percent in 2010.
• A representative sample of TAS wage verification cases closed in 2012 found that 86 percent of these taxpayers were facing potential adverse impact.
• Seventy percent of these taxpayers with hardships received full relief (with another two percent receiving partial relief).
• In the same representative sample of TAS pre-refund cases, 53 percent of the taxpayers claimed and received the Earned Income Tax Credit (EITC). These taxpayers waited more than three months for a median refund of $5,175. The refunds comprised 38 percent of their Adjusted Gross Income (AGI).
The number of these hard freezes mentioned in the Taxpayer Advocate’s Report indicates this is an issue many practitioners either have experienced or will experience as taxpayer’s returns are being processed by the IRS. The IRS is publicizing the lack of funding for their activities, including the processing of returns.
PRACTITIONER’S VIGILANCE
Practitioners will need to be more vigilant of the items posted on taxpayer’s accounts and know where to go to determine the meaning of the various codes on the accounts.
The practitioner will need to consider what action to take if the transcript reveals a hard freeze or other similar code delaying processing of the return. The first thing that would come to mind would be to contact the Taxpayer Advocate. The Taxpayer Advocate has changed the criteria for acceptance of cases. The Taxpayer Advocate will not accept cases where pure processing matters are indicated. It will accept cases where there is an economic burden placed on the taxpayer by the IRS actions.
The Taxpayer Advocate report mentioned previously indicates the responsible IRS officials for this action. It may be beneficial for the practitioner to directly contact these IRS officials.
Many practitioners now routinely get Form 2848s (Power of Attorney and Declaration of Representative) for all tax clients. This may become a standard practice as the complexities of return preparation and processing issues continue to impact more taxpayers.
In addition, it will be normal due diligence in return preparation to obtain a transcript on extended returns since taxpayer information such as Forms W-2, 1099s, and other information is becoming available from the IRS at an earlier date than in the past.
SUMMARY
The refund freeze and other IRS account actions place the practitioner in a challenging position when faced with client satisfaction and retention being an important part of everyone’s tax practice. While there may be no way of stopping IRS actions on taxpayer’s accounts, proactive action such as monitoring of the taxpayer’s account by the practitioner may assist in dealing with this situation. Knowledge of the transaction codes and other postings on IRS account transcripts are a necessity in practice and hopefully will help to assist practitioners in dealing with IRS actions on taxpayer accounts.
Jerry Schreiber is a partner in the local accounting firm of Schreiber & Schreiber with expertise in accounting, tax, and consulting matters of individuals and small businesses. He can be reached at ghschreiber@bellsouth.net.
STATEMENT24
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MARYLAND ASSOCIATION OF CPAs
Estate planning after ATRA: A whole new world for CPAs and tax professionals BY THOMAS J. STEMMY, CPA, CVA, EA, MMS
TAX CORNER
The American Tax Relief Act (ATRA) of 2012 has become a real game-changer for CPAs and tax advisers who tend to keep an eye on their clients’ entire family tax-planning picture.
Why? Except for the very wealthy, concerns about the federal estate tax have suddenly become a thing of the past. This means many clients will no longer need an elaborate (and sometimes incomprehensible) estate planning strategy – one that needs to be changed every time that Congress re-writes the tax code.
However, if anyone is thinking about changing his or her estate planning goals because of the friendly new tax rules, they need to keep in mind that high income taxes are now the hot topic in estate planning and, unfortunately, major relief is not expected anytime soon.
Look at the facts:
1. The new federal estate tax exemption is now set at $5.34 million (after inflation indexing). The vast majority of Americans are now outside the reach of the so-called federal “death tax” and, with the now permanent portability rules, married folks might even see a lifetime exemption as high as $10.68 million1.
2. For income taxes, however, there is no relief in sight. In fact, the ATRA raised the top marginal tax rate for individuals and trusts from 35 percent to 39.6 percent2. At the same time, it tacked on a new Medicare Tax of 3.8 percent on investment income and 0.9 percent on earned income
for those with higher income3. And, higher earners have also seen the disappearance of their long-favored 15 percent top tax rate for capital gains and dividends – now up to 20 percent4. Finally, let’s not forget the state income tax, which is required in all but seven states. (For Marylanders, that top rate could easily exceed 8 percent.)
THE SEARCH FOR BASIS: THE NEW TRUMP CARD IN ESTATE PLANNING
Strangely, many clients are holding onto the notion that lifetime gifting is still a necessity because of the lingering fear that some form of death taxes will be lurking for those assets that are valued in their estate. Some might even think that beneficiary children will come out as winners if an appraiser puts a “low-ball” valuation on an asset that they just inherited.
Clearly, these clients need to learn about the advantages of basis “step-up.” More important, they need to understand that when no estate taxes will be owed in the first place, a low-ball valuation on any estate asset could result in a huge capital gains tax cost later5.
Uninformed clients also need to understand that making certain lifetime gifts (without understanding the “carryover basis” rules) can result in devastating capital gains taxes later6. What tax practitioner hasn’t cringed upon learning that a client had unwittingly transferred to one of his kids an interest in an investment property without realizing that his own, low, out-of-pocket costs will mean low carryover basis for the kids? Or worse, Pop’s old records could be in such a disarray that it would be impossible later on for Junior to substantiate any carryover
basis to minimize his capital gain.
TIME TO REVISIT EXISTING ESTATE PLANS WITH ATTORNEY AFTER ATRA?
Who other than the CPA / tax adviser is better equipped to take the lead in alerting the estate lawyer to any changes in the client’s estate – an especially important consideration in view of the new tax-planning priorities? The tax professional will have the opportunity at tax time (if not before) to gather information about changes in the overall estate picture with questions like these:
1. How are the client’s assets titled at the present time (individually, jointly, T by E, tenants-in-common)?
2. What gift transfers have been made to family members? And, most important,
3. How much change has there been in the value of the client’s net worth?
Answers to these questions will help determine whether or not an existing estate plan needs to be modified because of ATRA. However, it needs to be emphasized to clients that there are other, non-tax issues that should never be overlooked – such as asset protection, creditor protection and asset management. These, of course, are of critical importance and need to be reviewed periodically with the experienced estate lawyer regardless of the tax consequences.
REVISITING THE ESTATE TAX “TERMINATORS” AFTER ATRA
Identified below are a few of the high-profile estate-planning strategies commonly used to minimize excessive
CONTINUED ON PAGE 28
27JANUARY 2015
estate taxes but which may no longer be necessary. That is, unless (a) you expect to be among the very wealthy, or (b) you happen to live in a state that imposes estate taxes for estates of your size.
(Comment: Marylanders, for example, need to remain wary of the low $1 million exemption now in existence for estate taxes. This exemption, however, is scheduled to be increased over the next five years to match the federal threshold7.)
NO. 1: THE ANNUAL GIFT EXCLUSION “LOOPHOLE”
There is a familiar mindset among clients that has long been fixated on the importance of making gift transfers each year – up to the allowable annual exclusion, now set at $14,000. They need to be aware that the lifetime exemption for gifting has now been increased to $5.34 million8. Thus, the only real tax-saving benefit for most gifting plans might be with income taxes by splitting income with others at lower tax brackets.
Don’t forget to file required gift tax returns, regardless: Under the new law, many clients have been questioning the need to file gift tax returns by April 15 for gifts over the annual exclusion. This, of course, is not the case, as the IRS’ filing instructions clearly state that Form 709 must be filed whenever there is a gift of a present interest that exceeds the annual exclusion9. It’s true – there is no penalty for failure to file the return when
no immediate tax is owed. However, filing is recommended when required because (a) no one can predict what his or her net worth is going to be down the road, (b) the statute of limitations will safeguard positions taken on gift valuations and, most important, (c) who knows what the tax rules and IRS oversight monitoring will be like in this uncertain economy?
NO. 2: GOOD NEWS FOR MARRIED TAXPAYERS
“Gift-splitting elections” on Form 709 can
be particularly beneficial after ATRA. First, they permit a married person to transfer up to $28,000 to any one individual each year without having to dip into his or her lifetime exemption. Second, with gift splitting, that lifetime exemption can be as high as $10.68 million.
Aside from gift-planning, there is another election at the estate level (the “portability” election) which is available for married clients. This election will allow them to lock in the full $10.68 million lifetime exemption in their combined estates10.
Practitioners beware: Portability for married couples is not automatic. Under the rules of ATRA, the estate of the first to die must timely file a federal estate tax return and make the portability election, even if no tax is due. Many
clients will object to this seemingly unnecessary undertaking and its related costs. However, with up to $10.68 million at stake (to be protected from estate taxes), filing a tax return is clearly a small price to pay.
The good news is that simplified estate tax return reporting is now allowed. The hardship of filing a complex Form 706 simply to elect portability has been recognized by the Treasury. Statutory provisions now permit “simplified” reporting steps along with the ability to use broad “estimates of value” for assets – provided that a Form 706 is timely filed11.
NO. 3: LLCS, FLPS AND OTHER OWNERSHIP ENTITIES - OLD STANDBY TAX TERMINATORS
Setting up a business entity (like a limited liability company or a family partnership) to transfer minority interests to others
CONTINUED ON PAGE 31
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has long been hugely successful in minimizing estate tax burdens. Although controversial, proper documentation has made it possible to claim substantial discounts (often between 25 percent and 45 percent) when gifting minority interests of assets that would otherwise be fully includable in one’s gross estate, while allowing the transferor to stay in control.
However, if estate taxes are no longer a concern, many will find no value in setting up an LLC, FLP or other pass-through entity. One might argue that the tactic might even backfire, tax-wise, because lifetime gifting of minority interests could sacrifice the magic of basis “step-up” forever for one’s heirs.
With this trade-off in mind, tax practitioners can make an important contribution by helping to project the potential tax cost to the client’s beneficiaries that could result when step-up is not available. This includes the tax on capital gains and investment income under the new tax rates. This potential cost can then be weighed against any possible income tax-saving benefits that might be gained by shifting income to others when minority interests are gifted to others at lower tax rates.
Any questions about setting up or dissolving an LLC, FLP or other separate entity after ATRA should consider the critical non-tax issues which are at stake. Since they generally involve the protection of the family’s hard earned assets, these decisions should not be made without attorney participation.
NO. 4: TIME TO ABANDON THE EVER POPULAR BYPASS TRUST?
Prominent estate experts are now contending that, with the generous new $5.34 million exemption, it has become apparent that most taxpayers will no longer need to include a complex “bypass trust”12 in their plans. This could be good news, since bypass trusts generally are not only costly to set up and administer, they could have adverse tax consequences as well. These include (a) the loss of basis step-up for the survivor spouse, and (b) compressed income tax brackets for trusts.
Why abandonment of the bypass trust might not be a good idea: For one thing, clients need to consider the possibility of future growth of asset values or the need to preserve the GST exemption (the generation skipping tax) which is not portable.
In addition, there may also be a need for protection from estate taxes in their state of residence. More important, once again, the use of any type of trust involves the bigger picture of asset protection and, for this reason, the recommendation of counsel is essential.
The above noted estate-tax “terminators” are only a few of the many strategies that are commonly used to minimize an excessive estate tax burden for clients. Other popular options (which might also need to be re-visited at the planning table after ATRA) might include the following:
GRATs (grantor-retained annuity trusts): Very generally, the client is allowed to make lifetime gifts of accumulated wealth to an irrevocable trust while retaining the right to receive an annuity payment for a fixed number of years. After the trust period, the assets can pass to the children at a major estate tax savings if the asset appreciation exceeds the historically low interest rates prescribed by IRS13.
IDGTs (Intentionally defective grantor trusts): The IDGT is an interesting tool that enables the client to freeze investment assets for estate tax purposes, but not for income tax purposes.
ILITs (Irrevocable life insurance trusts): ILITs have been one of the most successful estate-tax terminators in the past. With proper trust documentation, substantial insurance policies are free from the estate tax when the policies aren’t owned by the insured party in the first place.
FOOTNOTES
1. Portability of deceased spouse’s unused estate tax exemption to surviving spouse made permanent by ATRA.
2. For 2014, the 39.6 percent tax rate will apply when inflation-adjusted taxable income level reaches
$406,750 (single taxpayers), $432,200 (head of household) $228,800 (married filing separate ) and $457,600 (married filing jointly).
3. For tax years beginning after 2012, net investment income of higher-earning individuals, trusts, and estates is subject to a 3.8 percent surtax (Sec. 1411 IRC).
4. Top 20 percent tax rate for capital gains and dividends made permanent by ATRA.
5. IRC 1014, basis of property acquired from a decedent.
6. Section 1015(a) – carryover basis from donor to donee for gift transfers of appreciated property. House Bill 739, “Maryland Estate Tax – Unified Credit”: Most practitioners
7. are aware that certain states still have an estate tax which still makes it important to consider lifetime gifting and other strategies to minimize estate tax liability. Maryland has an exemption level of only $1 million for 2014. However, on May 15, 2014, the governor signed into law legislation that plans to increase this exemption level yearly, with the goal to match the federal exemption level by 2019.
8. Under ATRA, the lifetime exemption for gift transfer will equal the exemption allowed for estate taxes, indexed for inflation (now at $5.34 million).
9. 2013 – IRS instructions for Form 709.
10. Treasury Reg. 20.2010-2T(a)(7)(ii) – rules for elective portability.
11. Treasury Reg. 20.2010-2T(a)(7)(ii)(A).
12. Known as the “Exemption Equivalent Trust.”
13. Section 7520 and prescribed Actuarial Tables
Thomas J. Stemmy, CPA, CVA, EA, MMS, is a tax practitioner and partner with Stemmy Tidler & Morris, P.A. in Annapolis.
31JANUARY 2015
2015 Government & Not-For-Profit Conference
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BY R. CHRISTOPHER ROSENTHAL, CPA/ABV, ASA, CFF, AEP
Commercial damage calculations: Lost profits vs. lost value
ACCOUNTING & AUDITING
A business damage claim may be calculated as either (1) lost profits of the business, or (2) lost value of the business. Federal and state laws provide different remedies depending on the type of claim brought by a plaintiff. The type of economic damages alleged, as well as the facts and circumstances of the claim, will determine which measure of damages is most applicable.
Federal and state courts have not been clear or consistent in distinguishing the two types of remedies. Frequently, there is confusion as to whether or not the two damage methods are redundant or overlapping.
As experts, our job is to determine financial damages that restore the plaintiff to the same position as prior to the alleged injury. From an economics standpoint, you cannot have both lost profits and loss in value during the same time period (double dipping). The case law supports this conclusion.
However, it is possible to use both methods consecutively. An example is a slow death scenario.
Lost value is a measure of the impairment in the value of the business. It is measured by virtue of its impaired cash flow “but for” the damaging event and assuming the loss is permanent. Lost-value calculations use traditional business valuation approaches, including income, cost, and market. The CPA expert would value the business immediately before and after the damaging event, resulting in lost value damages. Lost-value calculations should consider marketability discounts and control premiums, if appropriate. Typically, lost value methodologies use after-tax cash flows and discount rates and gross up the results, as the award is usually taxable.
Lost value calculations can consider different standards of value, such as fair market, fair, intrinsic, and investment values. The standard of value utilized depends on the type of case, facts, circumstances, and venue. The expert needs to communicate with counsel at the beginning of the case regarding the appropriate standard of value.
Lost profits is a measure of the impairment of cash flow that would have been earned by a company “but for” the damaging event over a determinable period. An expert measuring lost profits would consider specific facts, such as the reputation of a plaintiff, that might enable him or her to generate more profit than a hypothetical owner. Lost profits are typically viewed from the plaintiff’s perspective. This method uses a pre-tax calculation.
The before-and-after method is common in calculating lost profits and uses the company’s data. This method compares the plaintiff’s performance before the damaging event to the plaintiff’s performance after the event. The underlying theory is that “but for” the defendant’s action, the plaintiff would have experienced the same level of revenue growth and profitability after the damaging event as the plaintiff did prior to the event.
Other methods to calculate lost profits include the yardstick and market model methods, which utilize market data, such as comparable guideline companies or industry data, to calculate the lost profits. These are relative lost-profits methods compared to the before-and-after method, which is an absolute lost profits method.
DIFFERENCES IN DAMAGE PERIOD
The damage period in a lost profits calculation is temporary as compared to the damage period in lost value calculations. In lost-profits calculations, the damage period is finite. It is assumed that the damaged company would return to the revenue and profit levels prior to the damaging event at some point in the future. In lost-value calculations, the damage period is permanent, and it is assumed that the damaged company will never recover to the levels achieved prior to the damaging event.
DIFFERENCES IN INCOME / CASH FLOW STREAM
A lost-profits and lost-value calculation can use an income approach to calculate damages. There are many differences in the calculation of income and cash flows between both damage measures:
LOST PROFITS:
• Incremental revenue, net of avoided costs or costs saved.
• Before income tax.
• Past period calculated through date of trial.
• Future period (until recovery) is discounted to present value as of trial date.
• Some jurisdictions require discounting to present value as of alleged injury date.
LOST VALUE:
• Net cash flow available to equity or total invested capital is used.
• After tax income.
• Past period is not applicable since a
STATEMENT34CONTINUED ON PAGE 36
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JULY 1, 2, & 3OCEAN CITY, MD
Every year, CPAs from all over Maryland come to the MACPA Beach Retreat on July 2, 3, and 5. We take off on Independence Day for fun and fireworks.
It’s the only time that CPE is offered at the beach. Members are encouraged to bring their families and many choose to make the Beach
Retreat part of a working vacation. Participants are invited to take as many (or as few) courses as they like.
Meeting space and discounted accommodations are provided by the Clarion Hotel Fontainebleau.
2015
Bring SPF. Take CPE.
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JULY 1, 2, & 3OCEAN CITY, MD
Every year, CPAs from all over Maryland come to the MACPA Beach Retreat on July 2, 3, and 5. We take off on Independence Day for fun and fireworks.
It’s the only time that CPE is offered at the beach. Members are encouraged to bring their families and many choose to make the Beach
Retreat part of a working vacation. Participants are invited to take as many (or as few) courses as they like.
Meeting space and discounted accommodations are provided by the Clarion Hotel Fontainebleau.
2015
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valuation is a measurement of value of future expected cash flow.
• Future cash flows are discounted to valuation date.
In a lost-profits calculation, the expert subtracts avoided costs (i.e., variable costs) from incremental revenue in both the actual scenario and “but for” scenario. Avoided costs are costs that would have been incurred in connection with the generation of the lost revenues but were not incurred. To the extent the plaintiff has incurred costs that would not have been incurred in the absence of the defendant’s misconduct, those costs should be offset against the avoided costs.
The lost profits for the actual and “but for” scenario are discounted and presented valued back to a specific date. The difference between the “but for” scenario and actual scenario are lost profits. Since the damage period is finite, there is no calculation of a terminal value for lost profits.
Some costs, such as cost of goods sold, may vary directly with sales. These costs, however, may not be entirely avoided. For instance, some costs may have been incurred to produce product prior to the wrongful act in anticipation of subsequent sales that did not occur as a result of the wrongful act.
Other costs, such as rent, are normally fixed in nature. The duration of the loss period can affect the extent to which costs are avoided. If the loss period is relatively short, it may not be possible to avoid certain costs. If the loss period is longer
in duration, some costs that in the short-term would be fixed, may be variable or semi-variable.
In a lost-value calculation, the expert calculates either equity or invested capital cash flow. The cash flow is discounted and present valued back to the valuation date to determine the value in an income approach. Since lost-value calculations are infinite, a terminal value is calculated when using this approach. As noted
above, the market and cost approaches can also be used in a lost value calculation.
DIFFERENCES IN DISCOUNT RATES AND CASH FLOWS
The discount rate may vary between a lost-profits and lost-value calculation. In both lost-profits and lost-value calculations, the discount rate must reflect the risks associated with the cash flows. Typically, after-tax discount rates are used and applied to pre-tax and after tax cash flow for lost profit and lost value calculations, respectively. In the lost-profits calculation, a few jurisdictions have allowed the risk-free rate as the discount rate. However, most of the case law now and many jurisdictions recognize the
appropriate use of risk-adjusted discount rates in lost profits calculations. In lost-value cases, the after-tax discount rate reflects the risk associated with the cash flow stream.
CONCLUSION
The two damage measurements used in a commercial litigation matter involve similar but conceptually different calculations. Both damage calculations may be initially considered for a case,
but ultimately the facts will determine the appropriate measure.
In some cases, both lost profits and lost value can be claimed. However, the expert needs to be careful to avoid double dipping. It is the responsibility of the expert to understand the facts of the case and communicate with counsel as to the appropriate
damage measurement.
R. Christopher Rosenthal, CPA/ABV, ASA, CFF, AEP is a director in Ellin & Tucker’s Forensic and Valuations Services Group with more than 30 years of experience as a global leader in the forensic, damages and valuation services profession. For more information, contact the firm’s Washington, D.C., office at (202) 638-0902 or by e-mail at crosenthal@ellinandtucker.com.
37JANUARY 2015
Keys to greater information security and privacyBY JUDY BORSHEREditor’s note: This is the second in a series of articles on information security and privacy.
HIGH-TECH SOLUTIONS
In the past week, you likely have done more than one of the following:
• attached files to e-mail messages;
• placed files on a thumb drive or laptop;
• created a contract or completed a form for printing and signing;
• saved Word documents or Excel files in PDF format; or
• added comments, annotations, or a signature image to a PDF file.
If your e-mail attachment is opened by the wrong person, the thumb drive is lost or stolen, the PDF file is modified, or the PDF comments are removed or replaced, you may be at risk or responsible for the outcome whether the actions were inadvertent or intentional.
PASSWORD-PROTECT AND SECURE A PDF FILE FROM CONTENT MODIFICATION
Without securing your PDF files using password-protection features, your PDF file’s content can be altered and edited.
Adobe Acrobat includes a “Save As” feature to convert PDF files to Word documents. Even if you scan your PDF files as images, without setting protection features, someone could use the Optical Character Recognition feature and potentially access the individual characters. Now, Microsoft Word 2013 software has a new feature that will seamlessly open and convert PDF documents to Word format for editing. And Word can save a file to PDF format.
To password-protect and secure a PDF file from content modification or conversion to a Word document, follow these steps:
1. With a PDF open in Adobe Acrobat, click the File menu, select Properties, and then select the Security tab.
2. In the Security Method drop-down box, select Password Security.
3. Under Permissions, check the box next to “Restrict editing and printing of the document.” To allow printing, select High Resolution in the Printing Allowed drop-down box. If the PDF is a fill-in form, select “Filling in form fields” in the Changes Allowed drop-down.
4. Enter the Change Permissions password and click OK. You will be prompted to enter the password a second time. The password is case sensitive.
5. Save the file under a different filename to keep an unprotected version of the file. Close and reopen the protected file. You will not be able to use the text editing tool or Save As and convert to a Word document. Word 2013 will not be able to open and convert the PDF.
PASSWORD-PROTECT AND SECURE A WORD, EXCEL, POWERPOINT, OR PDF FILE FROM OPENING WITHOUT A PASSWORD
Microsoft Word, Excel, and PowerPoint and Adobe Acrobat include an “encrypt file” feature that allows for password security to restrict who can open the file. Therefore, when you attach a file to an e-mail message or place a confidential file on an unencrypted thumb drive or laptop, you can restrict who can open the file.
To encrypt a Word, Excel, or PowerPoint file with a password to open, follow these steps:
1. With a document open in Office 2010 or 2013, click the File menu, select Info, and then select Protect Document. In Office 2007, click the Office Button, select Prepare, and then select Encrypt Document.
2. Select Encrypt with Password.
3. In the Encrypt Document dialog box, type a password and click OK.
You will be prompted to enter the password a second time. The password is case sensitive.
4. Save, close, and reopen the file. Enter the password when prompted to open the file.
5. To remove the password once the file is open, repeat steps 1, 2, and 3. In step 3, delete the black dots in the password field. Save, close and reopen the file.
To encrypt a PDF file with a password to open in Adobe Acrobat, follow these steps:
1. With a PDF open, click the File menu, select Properties, and then select the Security tab.
2. In the Security Method drop-down box, select Password Security.
3. Check the box next to “Require a Password to open the document.”
4. Enter a password and select OK. You will be prompted to enter the password a second time. The password is case sensitive.
5. Save, close, and reopen the file. Enter the password when prompted to open the file.
6. To remove the password once the file is open, repeat step 1 and, in step 2, select No Security in the Security Method drop-down box.
A NOTE ABOUT PASSWORDS
Stronger passwords are those that:
• have 16 or more characters,
• include special characters,
• include upper and lower case characters, and
• do not include known words.
Legal software utilities are freely available on the Internet that can hack through weak passwords using password cracking techniques, including password dictionaries. If you have been using eight or fewer characters and known words in your passwords, such weak passwords may put you at risk for unauthorized access to your files.
If your business practices involve e-mailing confidential files, you may want to look into using a secure encrypted portal service to transfer files instead of e-mail. These services normally allow you to upload files to a secure server and then send an e-mail to the recipient to pick up the file by entering a password. If your business practices involve sending contracts in PDF format for signature,
you may want to look into using a digital signature service such as Adobe EchoSign to securely distribute contracts and collect signatures. For information regarding encrypted thumb drives, visit Ironkey.com.
Additional security topics will be covered in part 3 of this series.
Judy Borsher, CPA, MBA, CGMA, CITP, MCT, is principal of SCG Training & Consulting Corporation. Contact her via e-mail at judy@scg-training.com.
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Business strategy should drive IT, not the other way aroundBY BILL SHERIDAN, CAEEditor’s note: This article originally appeared in the MACPA’s blog, CPA Success.
HIGH-TECH SOLUTIONS
I don’t know a lot, but I know this much: Technological advances are changing our world and everything in it — including our jobs, our organizations, and our professions.
Because of that, I also know this: A lot of organizations are making a potentially crippling mistake: They’re putting IT in charge of technology.
On second thought, that’s a really simplistic way of stating the problem.
Here’s a better way:
Too often, IT departments are left to determine the technological strategies of their organizations on their own. That’s a huge mistake. Here’s why.
Technology does some incredibly cool things these day. Life-changing things. And we’re way too quick to assume that we must put these cool things to work in our organizations.
Just because we can, though, doesn’t mean we should.
Technology isn’t a strategy. It’s a means to an end. Technology helps an organization achieve its goals. It shouldn’t be the goal itself.
There are a lot of really cool gadgets and tools out there, and we’re seduced into thinking we need to use them all. We don’t.
What we need to do is ask ourselves a simple question: Will these tools help us achieve our goals?
“Technology is just a tool,” said Donny Shimamoto, managing director of IntrapriseTechKnowlogies and a leading AICPA technology volunteer, at the 2014 CCH User Conference. “Determine your business needs first, then choose a tool. Sometimes, technology isn’t the right tool.”
In other words, Shimamoto said, “a good IT strategy looks at the firm’s goals and envisions how IT will support that.”
Imagine that. IT decisions should be driven by the business, not the
technology. “High-performing firms see technology as a strategic enabler,” Shimamoto said.
That leads to Shimamoto’s four keys to technology success. Technology, he said, isn’t about gadgets and gizmos. It’s about these four formulas:
• Automated and efficient processes equal improved execution and profitability.
• Improved work processes equal increased employee satisfaction.
• Better workflow and project management equal reduced risk.
• Higher quality of service equals increased client satisfaction.
Are your technology efforts centered on these things?
If not, maybe you’re not as tech-savvy as you think you are.
41JANUARY 2015
STATEMENT42
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Jon Coonan has joined the professional staff of Stoy, Malone &
Company, P.C. He will provide auditing and assurance services
as well as tax preparation for a wide range of individual and
corporate clients.
Liz Cullens, CPA, has been promoted to manager
with Berman Goldman & Ribakow LLP.
Sheldon Dagurt, CPA, who is of counsel to the
Baltimore-based law firm Fedder and Garten,
P.A., has joined the board of directors of the MPT
Foundation, Inc., the 501(c)(3) fundraising affiliate
of Maryland Public Television.
Diana DeWitt, CPA, a principal at Gross, Mendelsohn &
Associates and a nationally recognized expert on overhead rate
audits, presented a seminar for the National Highway Institute
on Sept. 9-10 in Montana. The two-day advanced course was
titled, “Using the AASHTO Audit Guide for the Development of
A/E Consultant Indirect Cost Rates.”
Margaret E. Eldridge, CPA, MBA, tax supervisor at the
Hanover office of Smith Elliott Kearns & Company, LLC, has
been awarded the designation of Certified Specialist in Estate
Planning by the National Institute for Excellence in Professional
Education.
Barry Fields, CPA, MST, has been promoted to
manager with Bormel, Grice & Huyett, P.A.
Karin Lundquist, CPA, senior manager at CohnReznick, has
been selected as recipient of The Daily Record’s 2014 Leading
Women Award, which honors Maryland women 40 years of age
or younger for the accomplishments they have made so far in
their careers.
Anna Vitale Lybrook, CPA, a shareholder of Stoy,
Malone & Co., P.C., has been re-elected treasurer
of the Ed Block Courage Award Foundation.
She also serves as a member of the Executive
Committee. The Foundation is dedicated to raising awareness
and prevention of child abuse, and to ultimately break the cycle
of abuse.
Laura Quinn, CPA, has joined the accounting
and auditing department at Bormel, Grice &
Huyett, CPAs.
Elizabeth Renna, CPA, a senior manager at Balsamo, Stewart,
Lutters & Ruth, P.A. of Bel Air, has passed the CPA exam to
become a licensed Certified Public Accountant in Maryland.
Maria Sevilla, CPA, has been promoted to in-charge accountant
with DeLeon & Stang, CPAs and Advisors.
Becky Spezzano, CPA, has joined the audit
and accounting team at Gross, Mendelsohn &
Associates, P.A., as a semi-senior accountant.
Chris Stang, a CPA Candidate member of the MACPA, has
been promoted to in-charge accountant with DeLeon & Stang,
CPAs and Advisors.
Greta Tosi-Miller, CPA, market managing partner
with Dixon Hughes Goodman, and Brian Israel,
CPA, the firm’s business development executive,
have been honored with SmartCEO’s Power
Player Award.
Kate Vasiliev, MS, CPA, has been promoted to
manager with Berman Goldman & Ribakow LLP.
NEWS & VIEWSMEMBER NOTESMEMBER NOTES
43JANUARY 2015
FIRM NOTESAskey, Askey & Associates, CPA, LLC, has announced a
strategic business combination with the accounting practice
operated by E. Wayne Richardson, CPA, PA, located in Waldorf.
This combination will significantly expand the accounting
and tax services and continue to build the strengths of both
companies. The strategic business combination will continue
business operations as Askey, Askey & Associates, CPA, LLC.
Berman Goldman & Ribakow LLP is celebrating its 75th
anniversary. The three founding partners opened an office in
the District of Columbia in 1953 to service the growing practice
in Washington and suburban Maryland and Virginia. Later, in
1973, Berman Goldman & Ribakow merged the Baltimore and
D.C. offices into their own building in Columbia, Md. All three
of the partners have since passed away, but their precepts of
rendering the highest quality service to clients live on in their
name and in the present partners and staff. The firm maintains
its presence in Columbia to this day.
Bormel, Grice & Huyett, P.A., has been named one of the Best
Accounting Firms to Work For in 2014. The annual list of “Best
Accounting Firms to Work For” was created by Accounting
Today and Best Companies Group.
Councilor, Buchanan & Mitchell, PC, has expanded its
professional services division. In addition to tax planning and
preparation, auditing, and accounting, CBM offers a wide range
of services to help professional service providers meet their
short-term goals and attain long-term growth and sustainability.
The firm also has expanded its not-for-profit practice. It now
boasts nine partners and more than 50 professional and
administrative staff.
Dixon Hughes Goodman has been named one of Greater
Washington’s Healthiest Employers by the Washington Business
Journal. At an awards luncheon on Sept. 18, the firm was named
one of the top 10 healthiest employers in Washington, D.C.,
among companies of its size.
Dixon Hughes Goodman has been named the Tech Council
of Maryland’s 2014 Outstanding Place to Work. The award
focuses on passion and creating a positive and productive work
environment.
Gross, Mendelsohn and Associates has been named to INSIDE
Public Accounting’s “IPA 200 Fastest-Growing,” a list of the
fastest-growing firms in the country. The firm also ranked No.
160 on INSIDE Public Accounting’s “IPA 200,” a list of the
largest CPA firms in the country.
U.S. News – Best Lawyers® has awarded Miller, Miller & Canby
a “First Tier” ranking in the Washington, D.C., area in Eminent
Domain and Condemnation Law for a third consecutive year.
First Tier is the highest rank given. The rankings are based on a
comprehensive process that includes the collection of client and
lawyer evaluations, rigorous peer review from leading attorneys
in the field, and review of additional information provided by
law firms as part of a formal submission process.
Miller, Miller & Canby has gained accreditation from the
Department of Veterans Affairs to provide counsel and
representation to veterans and their families. The firm advises
veterans on the levels of financial benefits for which they may
qualify and guides them through the often complex regulations
and claims process.
Smith Elliott Kearns & Company, LLC, has been included in
INSIDE Public Accounting’s fifth annual ranking of the nation’s
largest accounting firms, the IPA 200. The list is one of the
most comprehensive lists of its kind and is the most current
snapshot of the financial and operational health of accounting
firms. SEK&Co ranks as the 179th largest accounting firm in the
United States.
STATEMENT44
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SUNG CHOIBRISTOL COLESAMANTHA G. DEANGLERJAMES E. HENDERSON JR.PHILIP KAHNNOREEN KAMINSKIADAM K. LANGEVICTORIA A. MCNAIR, BSMATTHEW A. MILLERLYNAE MORRISONJENNIFER C. NARGIZMAYA C. PAGGETT
CALEB J. STACK, CPATHOMAS P. STEELEY JR., CPAELLYN B. TANENBERG, CPA, JD, ESQ.DEREK TORTON, CPAJITANSHU S. TRIVEDI, CPA, MBA, MSCJON T. WOLZ, CPAMINGFEI ZHANG, CPA
CENTRAL MARYLAND CHAPTERRANDY M. ALLEN, CPALEONARD M. AUMILLER, CPAAMY S. BALDWIN, CPARACHEL M. BAUDER, CPACHRISTINA M. BELTRAM, CPAJEFF M. CARTER, CPALESLIE M. CORNELIUS, CPATHOMAS J. CROUCH, CPA, MSLEIB DAVIDS, CPANEIL H. DEMCHICK, CPA, CVA, CBA, CRRADANIEL C. DIRESO, CPADEBORAH L. DOBROVOLNY, CPAJUSTIN DORSETT, CPAASHLEY DOWN, CPAMELANIE M. EDMONDSON, CPAMARTINA D. EVANS, CPAALLISON D. EVERLY, CPAPAUL M. GERATY, CPASTEVEN D. GRAF, CPAJOSEPH A. HAEFFNER, CPADENIZEJOICE D. HAMMOND, CPABONITA B. HEARN, CPAMONTEL R. HILL, CPAKAREN D. HOLWECK, CPAJESSICA V. HUGHES, CPAELIZABETH HYMEL, CPA
AMY J. PRICEARUSHI SACHDEV
EASTERN SHORE CHAPTERMATTHEW R. BOSSLE
MID-MARYLAND CHAPTEREMILY B. DEMMONS
SOUTHERN MARYLAND CHAPTERTONYA V. PRESSLEY
OUT OF STATEKATHY L. GOINS
SUSAN M. JETER, CPARONALD M. KATZEN, CPARICHARD J. KUCZAK, CPASHARON M. LEE, CPADAVID D. LOUDEN, CPANICOLE B. LUKASIK, CPAJOHN T. MACK, CPAASHLEY A. MARTIN, CPAJAMES C. MCINTYRE, CPARICHARD S. MELLO, CPAKEVIN A. MICHEL, CPA, MBA, CMA, CFMPATRICIA A. MILEY, CPARUSSELL C. MONCURE, CPA, MBA, CGMAPATRICIA S. MORLEY, CPABARBARA H. MORRIS, CPASHATERRA M. NEELY, CPAJUNGWHAN T. OH, CPAREGINALD E. PALMORE, CPACLIFF PETENBRINK, CPABERNADETTE T. POEHLER, CPALAURA J. QUINN, CPASETH D. RABINOVITZ, CPARICHARD A. RATE JR., CPAJOHN R. RESPESS, CPA, MBAEMMA T. ROMERO, CPAIRA ROSENBLOOM, CPAHOLLY L. SHIPLEY, CPAMICHAEL R. SMITH, CPALINDA L. STAPF, CPADAVID B. TERRY, CPASHAYDRA TISDALE-ROBINSON, CPAPHILIP N. WARSAL, CPA, MBAROBERT G. WATCHORN, CPAJOHN C. WELLING, CPAKATHRYN WINWARD, CPATIANA D. WYNN, CPARICHARD N. YALE, CPA
EASTERN SHORE CHAPTERTED A. BROOKS, CPAMONICA R. GRAVES, CPALESLI E. LATORRE, CPAKATIE M. ROUSE, CPAKAREN L. TOBAT, CPA
MID-MARYLAND CHAPTERTHERESA M. BECKER, CPAEARL CREHAN III, CPAMANO S. KOILPILLAI, CPADAVID T. MCGINLEY, CPALISA M. MORGAN, CPARONALD E. PECK JR., CPAEMILY S. RADAKER, CPATINA M. SEYMOUR, CPAERIC C. SMITH, CPA, MBAMELANIE L. THOM, CPA
SOUTHERN MARYLAND CHAPTERREGINA D. CHAVIS, CPAAMANDA C. HANSON, CPA
WESTERN MARYLANDRYAN M. WOOLSLAYER, CPA
OUT OF STATEANGOSOM H. ABRAHA, CPA, EA AND MSTMARIO BECCONE, CPAGOKSEN BUPP, CPAJOEL W. COHN, CPAJEFFREY M. DALEY, CPAKEVIN ELLIS, CPAANTHONY F. GIOFFRE, CPAGARY MERRON, CPAKRISTIE A. STRUBECK, CPA, CRPCMATTHEW C. VARVARIS, CPA
STATEMENT46
MEMBER SERVICES
47JANUARY 2015
NYPN is an organization committed to connecting new / young professionals to the MACPA, protecting the integrity of the
profession, and helping new CPAs and CPA candidates achieve their goals. NYPN is a place where new CPA professionals
can make contacts in the profession, get involved in the community and get the support they need to be successful. The
requirements to be a part of NYPN are CPA candidates (working on or having achieved the 150-hour threshold) or current CPAs
under the age of 40 and/or licensed for fewer than five years. Learn more at macpa.org/NYPN.
1. Camaraderie 6. Commitment2. Insight 7. Charity3. Professionalism 8. Community4. Development 9. Responsibility5. Growth 10. FUN!
What is NYPN?
TOP 10 REASONS TO GET INVOLVED:
GET TO KNOW OUR NYPN ADVISORY BOARD AND FIND OUT FIRST-HAND WHAT WE’RE ALL ABOUT:
Chair: Debra Hale, Weil, Akman, Baylin & Coleman, P.A.: debra.hale@wabccpas.com
Vice chair / chair-elect: Stephen Hohne, Hertzbach & Company: shohne@hertzbach.com
Secretary / treasurer: Kuo Lee, CrossCountry Consulting: kuosheinglee@gmail.com
Past chair: Nick Hollander, L&H Business Consulting: nhollander@lhbusinessconsulting.com
LEADERSHIP BOARD
Activities / professional development chair: Jennie Hammett, Gorfine, Schiller & Gardyn: jhammet@gsg-cpa.com
Public Relations / outreach chair: Barrett Young, The Green Abacus: barrett@thegreenabascus.com
At-large member: Harry Sturgis, Weyrich, Cronin & Sorra Chtd.: harrys@wcscpa.com
At-large member: Katy Koza, Grant Thornton: kathryn.koza@us.gt.com
Get involved
QUALITY CPA FIRM WISHES TO ACQUIRE PRACTICE OR ACCOUNTS in Baltimore/Washington/
Annapolis area, or possible association with retirement-minded
practitioner. “Top Dollar Paid.” Reply in strictest confidence to
410.539.7100, or File No. 63-87.
SANTOS POSTAL & COMPANY, PC, a nationally
recognized CPA firm located in Rockville, MD, is enhancing its
organic growth through the acquisition or merger of existing
practice or accounts in the Washington metropolitan area. Reply
in confidence to File No. 28-91.
THINKING OF SELLING YOUR PRACTICE? Accounting Practice Sales is the leading marketer of tax and
accounting practices in North America. We have a large pool
of buyers, both individuals and firms, looking for practices to
purchase. We also have the experience to help you find the
right fit for your firm, negotiate the best price and terms and
get the deal done. We welcome the opportunity to talk to
you about our risk-free and confidential services. For more
information please call Bradley Holmes with the APS Holmes
Group at 1-800-397-0249 or email Bradley@apsleader.com.
INTERESTED IN BUYING A PRACTICE? See
local and nationwide listings at www.AccountingPracticeSales.
com and register for free email updates or call us at 1-800-397-
0249.
MARYLAND PRACTICES FOR SALE: Annapolis
MD CPA Partnership Opportunity with revenues for sale between
$375,000 and $600,000; loyal client base of high-net-worth
individuals as well as large number of businesses. Strong tax
experience a must. For more information call us at 800-397-
0249. View listing details and register for free email updates at
www.AccountingPracticeSales.com.
RETIRE/SEMI-RETIRE NOW! RESURRECCION CPA FIRM, LLC: CPA/19yrs/
Towson-looking to grow my quality client base (tax, accounting,
payroll, etc.) by acquiring some or all your accounts ASAP so you
can retire/semi-retire now. Let’s discuss-c:443.765.2775.
mergers & acquisitions
CPA firm in Queen Anne’s County, Maryland, currently has a
SEASONAL TO FULL-TIME CPA OR CPA CANDIDATE POSITION available. Applicant is
required to have at least 5 years of experience in personal and
corporate tax preparation and financial statement write-up
work.
Send resume and salary requirements to accountantopening@
yahoo.com.
EXPERIENCED AUDIT AND ACCOUNTING SUPERVISOR/MANAGER WANTED for a CPA
firm located in Baltimore County. You will be responsible for
preparation and review of audit, compilation and review work
papers and financial statements, and will assist with the overall
accounting services offered by the firm. You will be working
directly with the partners.
We offer a competitive compensation package including
medical, dental, 401k and profit sharing, life insurance,
generous paid vacation and holidays, casual dress, free
parking, year-end bonus and overtime.
The firm continues to grow each year.
Requirements:
- BS/BA in Accounting or related field;
- 7 to 15 years of experience preferably in public accounting;
- team player;
- excellent verbal and written communication skills;
- ProSystem Engagement a plus.
Email resume with cover letter and salary requirements to:
tdee1969@yahoo.com.
CBIZ AND MAYER HOFFMAN MCCANN P.C. (MHM) are together ranked as one of the top ten
accounting services providers in the United States. With
more than 35 offices and more than 2,000 professionals, we
serve the country’s growing mid-market public and private
businesses. MHM provides high quality audit and attest
services while closely associated CBIZ provides all other
accounting, tax and consulting services.
CLASSIFIEDSjob openings
STATEMENT48
We are seeking to hire audit and tax professionals to join our
team nationwide. The ideal candidates will have at least two
years of experience in a tax and audit environment. There are
opportunities for highly motivated individuals to establish their
career and to position themselves for professional growth and
development.
Please visit www.cbiz.jobs to apply online or email our Talent
Team at CBIZMHMCareers@cbiz.com.
Equal Opportunity Employer committed to employment of
Females, Minorities, Persons with Disabilities and Veterans.
An E-Verify Employer.
ACCOUNTANT- ROCKVILLE CPA FIRM SEEKS CPA with 8 years recent public accounting
experience to work part-time. Individual will prepare mainly
individual income tax returns. Experience with UltraTax CS
& QuickBooks a plus. This is a permanent part-time position
with flexible hours. Please send resume to monteloeb@
mloebandassoc.com.
49JANUARY 2015
WANT TO SUBMIT A CLASSIFIED AD?To submit a classified ad, please visit macpa.org/submitclassifieds, or contact Amy Moran at 443.632.2319, or by email amym@macpa.org.
CONFIDENTIAL ADS: Replies to confidential ads will be addressed to the file number in care of:Amy Moran MACPA901 Dulaney Valley Road, Suite 800Towson, MD 21204Properly addressed replies will be forwarded to the advertiser unopened. Replies that are not properly addressed will be opened only to determine contents and then forwarded to the advertiser.
CLASSIFIEDS
1/9/15 1/9/15 WEBCAST: Engagement Letters - A First Line of Defense 1 12 p - 1 p $39 $39 11W010 Online Webcast, Internet
1/21/15 1/21/15 CPA Firm M&A Workshop: Comprehensive Options for a Sale, Merger, or Independence
4 8 a - 11:30 a $75 $150 111003 MACPA Towson Center, Towson
1/22/15 1/22/15 Incurred Cost Audits of Government Contractors and Subcontractors
8 8 a - 3:30 p $295 $395 110044 MACPA Columbia Center, Columbia
1/30/15 1/30/15 Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
4 8 a - 11:30 a $150 $200 111217A MACPA Columbia Center, Columbia
1/30/15 1/30/15 Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls
4 12 p - 3:30 p $150 $200 111218A MACPA Columbia Center, Columbia
2/9/15 2/9/15 AACC: Health Care Reform 4 2 p - 6 p $40 $50 140602 TBD
2/27/15 2/27/15 GASB Statement No. 68 Audit and Accounting Workshop 4 8 a - 11:30 a $150 $200 111219A MACPA Columbia Center, Columbia
2/27/15 2/27/15 Frequent Frauds Found in Governments 4 12 p - 3:30 p $150 $200 111220A MACPA Columbia Center, Columbia
4/17/15 4/17/152015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $250 $350 121000
University of MD University College Inn & Conference Center, College Park
5/18/15 5/18/15 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
5/19/15 5/19/15 AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
8 8 a - 3:30 a $295 $395 111213A Mount Continuing Studies Center, Frederick
1/5/15 1/5/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130024 The Loyola Graduate Center, Timonium
1/5/15 1/5/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 11 a - 12 p $39 $39 17W020 Online Webcast, Internet
1/6/15 1/6/15 WEBCAST: Blog 101: First Steps to Stardom 1 12 p - 1 p $39 $39 17W091 Online Webcast, Internet
1/9/15 1/9/15 WEBCAST: Engagement Letters - A First Line of Defense 1 12 p - 1 p $39 $39 11W010 Online Webcast, Internet
1/14/15 1/14/15 Establishing an Effective Compliance Program (GVC) 2 8 a - 10 a $40 $50 184019 MACPA Columbia Center, Columbia
1/20/15 1/20/15 Applying Ethics in the Real World 4 8 a - 11:30 a $115 $215 110045 The Loyola Graduate Center, Timonium
1/20/15 1/20/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 8 a - 11 a $105 $105 17W0034 Online Webcast, Internet
1/22/15 1/22/15 Financial Leaders Forum: Why Don’t We Say Yes? 21st Century Negotiating
4 8 a - 12 p $200 $250 171004 The Loyola Graduate Center, Timonium
1/29/15 1/29/15 WEBCAST: The Eight Hour MBA 8 9 a - 5 p $245 $245 17W143 Online Webcast, Internet
BUSINESS & INDUSTRY
Upcoming Events & Courses
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
ACCOUNTING & AUDITING
STATEMENT50
1/30/15 1/30/15 Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls
4 12 p - 3:30 p $150 $200 111218A MACPA Columbia Center, Columbia
1/30/15 1/30/15 WEBCAST: Brand You: How to be a leader and boost your career with a little help from social media
1 1 p - 2 p $39 $39 17W111 Online Webcast, Internet
1/30/15 1/30/15 WEBCAST: Twitter 101: Changing Your World 140 Characters at a Time
1 2 p - 3 p $39 $39 17W112 Online Webcast, Internet
2/3/15 2/3/15 WEBCAST: Key Financial and Economic Issues Facing the Financial Executive
2 11 a - 1 p $79 $79 17W147 Online Webcast, Internet
2/12/15 2/12/15 WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development
2 11 a - 1 p $79 $79 17W145 Online Webcast, Internet
2/16/15 2/16/15 WEBCAST: Twitter 101: Changing Your World 140 Characters at a Time
1 10 a - 11 a $39 $39 17W118 Online Webcast, Internet
2/19/15 2/19/15 WEBCAST: Linkedin 101- Basics and Beyond 1 2 p - 3 p $39 $39 17W121 Online Webcast, Internet
2/20/15 2/20/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130026 MACPA Columbia Center, Columbia
2/24/15 2/24/15 WEBCAST: Key Financial and Economic Issues Facing the Financial Executive
2 8 a - 10 a $79 $79 17W123 Online Webcast, Internet
2/26/15 2/26/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 12 p - 1 p $39 $39 17W021 Online Webcast, Internet
3/24/15 3/24/15 Microsoft Excel (2013); Outlook (2013); Word ( 2013); Adobe Acrobat and Windows 8 - Best Practices for CPAs
8 8 a - 3:30 p $330 $480 130027 MACPA Columbia Center, Columbia
3/25/15 3/25/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 2 p - 3 p $39 $39 17W022 Online Webcast, Internet
3/26/15 3/26/15 Financial Leaders Forum: Staying in the C-Suite: 10 Skills to Keep You There
4 8 a - 12 p $200 $250 171005 MACPA Columbia Center, Columbia
3/27/15 3/27/15 Ethics Update for CPAs in Business 4 - $115 $215 111002 TBD
4/17/15 4/17/152015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $250 $350 121000
University of MD University College Inn & Conference Center, College Park
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
4/29/15 4/29/15 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
5/7/15 5/7/152015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $0 $0 121011
Turf Valley Resort & Conference Center, Ellicott City
5/18/15 5/18/15 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
5/18/15 5/18/15 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
1/9/15 1/9/15 WEBCAST: Applying Ethics in the Real World 4 12 p - 3:30 p $125 $125 17W096 Online Webcast, Internet
1/20/15 1/20/15 Applying Ethics in the Real World 4 8 a - 11:30 a $115 $215 110045 The Loyola Graduate Center, Timonium
2/9/15 2/9/15 WEBCAST: Applying Ethics in the Real World 4 8 a - 11:30 a $125 $125 17W116 Online Webcast, Internet
3/27/15 3/27/15 Ethics Update for CPAs in Business 4 - $115 $215 111002 TBD
1/30/15 1/30/15 Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls
4 12 p - 3:30 p $150 $200 111218A MACPA Columbia Center, Columbia
1/30/15 1/30/15 WEBCAST: Brand You: How to be a leader and boost your career with a little help from social media
1 1 p - 2 p $39 $39 17W111 Online Webcast, Internet
1/30/15 1/30/15 WEBCAST: Twitter 101: Changing Your World 140 Characters at a Time
1 2 p - 3 p $39 $39 17W112 Online Webcast, Internet
2/3/15 2/3/15 WEBCAST: Key Financial and Economic Issues Facing the Financial Executive
2 11 a - 1 p $79 $79 17W147 Online Webcast, Internet
2/12/15 2/12/15 WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development
2 11 a - 1 p $79 $79 17W145 Online Webcast, Internet
2/16/15 2/16/15 WEBCAST: Twitter 101: Changing Your World 140 Characters at a Time
1 10 a - 11 a $39 $39 17W118 Online Webcast, Internet
2/19/15 2/19/15 WEBCAST: Linkedin 101- Basics and Beyond 1 2 p - 3 p $39 $39 17W121 Online Webcast, Internet
2/20/15 2/20/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130026 MACPA Columbia Center, Columbia
2/24/15 2/24/15 WEBCAST: Key Financial and Economic Issues Facing the Financial Executive
2 8 a - 10 a $79 $79 17W123 Online Webcast, Internet
2/26/15 2/26/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 12 p - 1 p $39 $39 17W021 Online Webcast, Internet
3/24/15 3/24/15 Microsoft Excel (2013); Outlook (2013); Word ( 2013); Adobe Acrobat and Windows 8 - Best Practices for CPAs
8 8 a - 3:30 p $330 $480 130027 MACPA Columbia Center, Columbia
3/25/15 3/25/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 2 p - 3 p $39 $39 17W022 Online Webcast, Internet
3/26/15 3/26/15 Financial Leaders Forum: Staying in the C-Suite: 10 Skills to Keep You There
4 8 a - 12 p $200 $250 171005 MACPA Columbia Center, Columbia
3/27/15 3/27/15 Ethics Update for CPAs in Business 4 - $115 $215 111002 TBD
4/17/15 4/17/152015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $250 $350 121000
University of MD University College Inn & Conference Center, College Park
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
4/29/15 4/29/15 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
5/7/15 5/7/152015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $0 $0 121011
Turf Valley Resort & Conference Center, Ellicott City
5/18/15 5/18/15 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
5/18/15 5/18/15 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
1/9/15 1/9/15 WEBCAST: Applying Ethics in the Real World 4 12 p - 3:30 p $125 $125 17W096 Online Webcast, Internet
1/20/15 1/20/15 Applying Ethics in the Real World 4 8 a - 11:30 a $115 $215 110045 The Loyola Graduate Center, Timonium
2/9/15 2/9/15 WEBCAST: Applying Ethics in the Real World 4 8 a - 11:30 a $125 $125 17W116 Online Webcast, Internet
3/27/15 3/27/15 Ethics Update for CPAs in Business 4 - $115 $215 111002 TBD
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
ETHICS
BVLS
EMPLOYEE BENEFITS
1/6/15 1/6/15 Update: Changes Maryland Elder Law (PFP Study Group) 2 9 a - 11 a $20 $100 182063 MACPA Towson Center, Towson
1/15/15 1/15/15 The Complete Guide to the Preparation of Form 1041 8 8 a - 3:30 p $295 $395 110036 MACPA Columbia Center, Columbia
1/15/15 1/15/15 WEBCAST: The Complete Guide to the Preparation of Form 1041
8 8 a - 3:30 p $245 $245 17WL31 LIVE- ONLINE WEBCAST, INTERNET
1/16/15 1/16/15 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 110037 MACPA Columbia Center, Columbia
1/16/15 1/16/15 WEBCAST: The Complete Guide to Preparing Forms 706 and 709
8 8 a - 3:30 p $245 $245 17WL32 LIVE- ONLINE WEBCAST, INTERNET
1/21/15 1/21/15 CPA Firm M&A Workshop: Comprehensive Options for a Sale, Merger, or Independence
4 8 a - 11:30 a $75 $150 111003 MACPA Towson Center, Towson
2/4/15 2/4/15 Forensic Accounting Investigations: Views from the Field - FVS Speaker Series
2 8:30 a - 10:30 a $50 $60 182062 MACPA Columbia Center, Columbia
2/27/15 2/27/15 Frequent Frauds Found in Governments 4 12 p - 3:30 p $150 $200 111220A MACPA Columbia Center, Columbia
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
1/6/15 1/6/15 Update: Changes Maryland Elder Law (PFP Study Group) 2 9 a - 11 a $20 $100 182063 MACPA Towson Center, Towson
1/14/15 1/14/15 Establishing an Effective Compliance Program (GVC) 2 8 a - 10 a $40 $50 184019 MACPA Columbia Center, Columbia
2/27/15 2/27/15 GASB Statement No. 68 Audit and Accounting Workshop 4 8 a - 11:30 a $150 $200 111219A MACPA Columbia Center, Columbia
2/27/15 2/27/15 Frequent Frauds Found in Governments 4 12 p - 3:30 p $150 $200 111220A MACPA Columbia Center, Columbia
4/17/15 4/17/152015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $250 $350 121000
University of MD University College Inn & Conference Center, College Park
5/19/15 5/19/15 AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
8 8 a - 3:30 a $295 $395 111213A Mount Continuing Studies Center, Frederick
1/14/15 1/14/15 Establishing an Effective Compliance Program (GVC) 2 8 a - 10 a $40 $50 184019 MACPA Columbia Center, Columbia
1/22/15 1/22/15 Incurred Cost Audits of Government Contractors and Subcontractors
8 8 a - 3:30 p $295 $395 110044 MACPA Columbia Center, Columbia
1/5/15 1/5/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130024 The Loyola Graduate Center, Timonium
1/6/15 1/6/15 WEBCAST: Seven Secrets of Successful Business Communication
4 1 p - 5 p $125 $125 17W092 Online Webcast, Internet
1/6/15 1/6/15 Update: Changes Maryland Elder Law (PFP Study Group) 2 9 a - 11 a $20 $100 182063 MACPA Towson Center, Towson
1/7/15 1/7/15 WEBCAST: Master Coach and Mentor - Valuing Your Emotional Intelligence
1 11 a - 12 p $39 $39 17W093 Online Webcast, Internet
1/7/15 1/7/15 WEBCAST: The Finance and Accounting Organization as Strategist and Partner to the Business
2 2 p - 4 p $79 $79 17W094 Online Webcast, Internet
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
STATEMENT52
FINANCIAL PLANNING
FRAUD & FORENSIC
GOVERNMENT / NOT-FOR-PROFIT
GOVERNMENT CONTRACTING
MANAGEMENT & LEADERSHIP
1/8/15 1/8/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 1 p - 4 p $105 $105 17W095 Online Webcast, Internet
1/13/15 1/13/15 WEBCAST: Find a Need and Fill It: Your Key to Business Development
2 2 p - 4 p $79 $79 17W097 Online Webcast, Internet
1/14/15 1/14/15 WEBCAST: Getting Things Done - Engaging People to Execute Effectively
2 2 p - 4 p $79 $79 17W098 Online Webcast, Internet
1/14/15 1/14/15 Establishing an Effective Compliance Program (GVC) 2 8 a - 10 a $40 $50 184019 MACPA Columbia Center, Columbia
1/15/15 1/15/15 WEBCAST: High Performance Time Management: Boosting Your Personal Energy
2 1 p - 3 p $79 $79 17W099 Online Webcast, Internet
1/16/15 1/16/15 WEBCAST: How the Best Financial Executives Create High Performance Organizations
2 2 p - 4 p $79 $79 17W100 Online Webcast, Internet
1/19/15 1/19/15 WEBCAST: Leadership and Generations: What Are They Thinking?
4 12 p - 3:30 p $125 $125 17W101 Online Webcast, Internet
1/20/15 1/20/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 8 a - 11 a $105 $105 17W0034 Online Webcast, Internet
1/20/15 1/20/15 WEBCAST: Get out of the Casket and up to the Podium 2 9 a - 11 a $79 $79 17W102 Online Webcast, Internet
1/21/15 1/21/15 CPA Firm M&A Workshop: Comprehensive Options for a Sale, Merger, or Independence
4 8 a - 11:30 a $75 $150 111003 MACPA Towson Center, Towson
1/21/15 1/21/15 WEBCAST: Listening For Leaders: Ask the Question, Discover the Need, Win the Trust
4 12 p - 3:30 p $125 $125 17W103 Online Webcast, Internet
1/22/15 1/22/15 Financial Leaders Forum: Why Don’t We Say Yes? 21st Century Negotiating
4 8 a - 12 p $200 $250 171004 The Loyola Graduate Center, Timonium
1/22/15 1/22/15 WEBCAST: MacGyvering: The Art of Being Resourceful in a Crisis
2 2 p - 4 p $79 $79 17W104 Online Webcast, Internet
1/22/15 1/22/15 WEBCAST: FLF: Why Don’t We Say Yes? 21st Century Negotiating
4 8 a - 12 p $200 $200 17WL33 LIVE- ONLINE WEBCAST, INTERNET
1/23/15 1/23/15 WEBCAST: Strategic Focus for your practice: It’s not just bookkeeping anymore
3 9 a - 12 p $105 $105 17W105 Online Webcast, Internet
1/26/15 1/26/15 WEBCAST: Motivating and Retaining Your Top Performers 3 12 p - 3 p $105 $105 17W106 Online Webcast, Internet
1/27/15 1/27/15 WEBCAST: Personality Styles in the Workplace 3 12 p - 3 p $105 $105 17W107 Online Webcast, Internet
1/28/15 1/28/15 WEBCAST: Succession Planning Developing Tomorrow’s Business Leaders Today
2 2 p - 4 p $79 $79 17W108 Online Webcast, Internet
1/28/15 1/28/15 WEBCAST: Public Speaking: How to Speak with Presence 1 1 p - 2 p $39 $39 17W109 Online Webcast, Internet
1/29/15 1/29/15 WEBCAST: Selling for CPAs: Using Your Problem-Solving Skills to Promote Profitable Business Growth
2 12 p - 2 p $79 $79 17W110 Online Webcast, Internet
1/29/15 1/29/15 WEBCAST: The Eight Hour MBA 8 9 a - 5 p $245 $245 17W143 Online Webcast, Internet
2/2/15 2/2/15 WEBCAST: Giraffes of Technology: The Making of the 21st Century Leader
2 9 a - 11 a $79 $79 17W113 Online Webcast, Internet
2/3/15 2/3/15 WEBCAST: Develop a Positive Work Culture for the iY Generation
1 2 p - 3 p $39 $39 17W114 Online Webcast, Internet
2/4/15 2/4/15 WEBCAST: Lean Management in a Lean Economy 2 11 a - 1 p $79 $79 17W146 Online Webcast, Internet
2/4/15 2/4/15 Forensic Accounting investigations: Views from the Field - FVS Speaker Series
2 8:30 a - 10:30 a $50 $60 182062 MACPA Columbia Center, Columbia
2/5/15 2/5/15 WEBCAST: Slaying the Energy Vampires And Boosting Your Performance
2 10 a - 12 p $79 $79 17W115 Online Webcast, Internet
2/12/15 2/12/15 WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development
2 11 a - 1 p $79 $79 17W145 Online Webcast, Internet
2/17/15 2/17/15 WEBCAST: Get out of the Casket and up to the Podium 2 12 p - 2 p $79 $79 17W119 Online Webcast, Internet
2/18/15 2/18/15 WEBCAST: Business Development: Distinctions Between Marketing and Sales
1 10 a - 11 a $39 $39 17W120 Online Webcast, Internet
2/20/15 2/20/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130026 MACPA Columbia Center, Columbia
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
1/8/15 1/8/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 1 p - 4 p $105 $105 17W095 Online Webcast, Internet
1/13/15 1/13/15 WEBCAST: Find a Need and Fill It: Your Key to Business Development
2 2 p - 4 p $79 $79 17W097 Online Webcast, Internet
1/14/15 1/14/15 WEBCAST: Getting Things Done - Engaging People to Execute Effectively
2 2 p - 4 p $79 $79 17W098 Online Webcast, Internet
1/14/15 1/14/15 Establishing an Effective Compliance Program (GVC) 2 8 a - 10 a $40 $50 184019 MACPA Columbia Center, Columbia
1/15/15 1/15/15 WEBCAST: High Performance Time Management: Boosting Your Personal Energy
2 1 p - 3 p $79 $79 17W099 Online Webcast, Internet
1/16/15 1/16/15 WEBCAST: How the Best Financial Executives Create High Performance Organizations
2 2 p - 4 p $79 $79 17W100 Online Webcast, Internet
1/19/15 1/19/15 WEBCAST: Leadership and Generations: What Are They Thinking?
4 12 p - 3:30 p $125 $125 17W101 Online Webcast, Internet
1/20/15 1/20/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 8 a - 11 a $105 $105 17W0034 Online Webcast, Internet
1/20/15 1/20/15 WEBCAST: Get out of the Casket and up to the Podium 2 9 a - 11 a $79 $79 17W102 Online Webcast, Internet
1/21/15 1/21/15 CPA Firm M&A Workshop: Comprehensive Options for a Sale, Merger, or Independence
4 8 a - 11:30 a $75 $150 111003 MACPA Towson Center, Towson
1/21/15 1/21/15 WEBCAST: Listening For Leaders: Ask the Question, Discover the Need, Win the Trust
4 12 p - 3:30 p $125 $125 17W103 Online Webcast, Internet
1/22/15 1/22/15 Financial Leaders Forum: Why Don’t We Say Yes? 21st Century Negotiating
4 8 a - 12 p $200 $250 171004 The Loyola Graduate Center, Timonium
1/22/15 1/22/15 WEBCAST: MacGyvering: The Art of Being Resourceful in a Crisis
2 2 p - 4 p $79 $79 17W104 Online Webcast, Internet
1/22/15 1/22/15 WEBCAST: FLF: Why Don’t We Say Yes? 21st Century Negotiating
4 8 a - 12 p $200 $200 17WL33 LIVE- ONLINE WEBCAST, INTERNET
1/23/15 1/23/15 WEBCAST: Strategic Focus for your practice: It’s not just bookkeeping anymore
3 9 a - 12 p $105 $105 17W105 Online Webcast, Internet
1/26/15 1/26/15 WEBCAST: Motivating and Retaining Your Top Performers 3 12 p - 3 p $105 $105 17W106 Online Webcast, Internet
1/27/15 1/27/15 WEBCAST: Personality Styles in the Workplace 3 12 p - 3 p $105 $105 17W107 Online Webcast, Internet
1/28/15 1/28/15 WEBCAST: Succession Planning Developing Tomorrow’s Business Leaders Today
2 2 p - 4 p $79 $79 17W108 Online Webcast, Internet
1/28/15 1/28/15 WEBCAST: Public Speaking: How to Speak with Presence 1 1 p - 2 p $39 $39 17W109 Online Webcast, Internet
1/29/15 1/29/15 WEBCAST: Selling for CPAs: Using Your Problem-Solving Skills to Promote Profitable Business Growth
2 12 p - 2 p $79 $79 17W110 Online Webcast, Internet
1/29/15 1/29/15 WEBCAST: The Eight Hour MBA 8 9 a - 5 p $245 $245 17W143 Online Webcast, Internet
2/2/15 2/2/15 WEBCAST: Giraffes of Technology: The Making of the 21st Century Leader
2 9 a - 11 a $79 $79 17W113 Online Webcast, Internet
2/3/15 2/3/15 WEBCAST: Develop a Positive Work Culture for the iY Generation
1 2 p - 3 p $39 $39 17W114 Online Webcast, Internet
2/4/15 2/4/15 WEBCAST: Lean Management in a Lean Economy 2 11 a - 1 p $79 $79 17W146 Online Webcast, Internet
2/4/15 2/4/15 Forensic Accounting investigations: Views from the Field - FVS Speaker Series
2 8:30 a - 10:30 a $50 $60 182062 MACPA Columbia Center, Columbia
2/5/15 2/5/15 WEBCAST: Slaying the Energy Vampires And Boosting Your Performance
2 10 a - 12 p $79 $79 17W115 Online Webcast, Internet
2/12/15 2/12/15 WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development
2 11 a - 1 p $79 $79 17W145 Online Webcast, Internet
2/17/15 2/17/15 WEBCAST: Get out of the Casket and up to the Podium 2 12 p - 2 p $79 $79 17W119 Online Webcast, Internet
2/18/15 2/18/15 WEBCAST: Business Development: Distinctions Between Marketing and Sales
1 10 a - 11 a $39 $39 17W120 Online Webcast, Internet
2/20/15 2/20/15 Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals
8 8 a - 3:30 p $330 $480 130026 MACPA Columbia Center, Columbia
53JANUARY 2015
STATEMENT54
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
2/23/15 2/23/15 WEBCAST: Leadership: Coaching to Develop & Empower - Accountability, Delegation and Dialogue
2 12 p - 2 p $79 $79 17W122 Online Webcast, Internet
2/25/15 2/25/15 WEBCAST: Financial Leadership Unleashed 1 9 a - 10 a $39 $39 17W124 Online Webcast, Internet
2/27/15 2/27/15 WEBCAST: Getting Things Done - Engaging People to Execute Effectively
2 9 a - 11 a $79 $79 17W126 Online Webcast, Internet
3/2/15 3/2/15 WEBCAST: High Performance Time Management: Boosting Your Personal Energy
2 9 a - 11 a $79 $79 17W127 Online Webcast, Internet
3/5/15 3/5/15 WEBCAST: Leadership: Coaching to Develop and Empower - Accountability, Delegation and Dialogue
2 3 p - 5 p $79 $79 17W128 Online Webcast, Internet
3/9/15 3/9/15 WEBCAST: Transitions to Leadership 3 10 a - 1 p $105 $105 17W129 Online Webcast, Internet
3/11/15 3/11/15 WEBCAST: Leadership - Social Media Influence on Decision Making and Time Mgmt
1 1 p - 2 p $39 $39 17W130 Online Webcast, Internet
3/12/15 3/12/15 WEBCAST: The Eight Hour MBA 8 8 a - 4 p $245 $245 17W131 Online Webcast, Internet
3/16/15 3/16/15 WEBCAST: Selling for CPAs: Using Your Problem-Solving Skills to Promote Profitable Business Growth
2 8 a - 10 a $79 $79 17W132 Online Webcast, Internet
3/18/15 3/18/15 WEBCAST: Leadership - Which Style Fits You 1 2 p - 3 p $39 $39 17W134 Online Webcast, Internet
3/19/15 3/19/15 WEBCAST: Slaying the Energy Vampires - And Boosting Your Performance
2 11 a - 1 p $79 $79 17W135 Online Webcast, Internet
3/23/15 3/23/15 WEBCAST: Master Coach and Mentor - Valuing Your Emotional Intelligence
1 3 p - 4 p $39 $39 17W136 Online Webcast, Internet
3/24/15 3/24/15 WEBCAST: Seven Secrets of Successful Business Communication
4 9 a - 1 p $125 $125 17W137 Online Webcast, Internet
3/26/15 3/26/15 Financial Leaders Forum: Staying in the C-Suite: 10 Skills to Keep You There
4 8 a - 12 p $200 $250 171005 MACPA Columbia Center, Columbia
3/26/15 3/26/15 WEBCAST: Business Development: Distinctions Between Marketing and Sales
1 4 p - 5 p $39 $39 17W139 Online Webcast, Internet
3/26/15 3/26/15 WEBCAST: FLF: Staying in the C-Suite: 10 Skills to Keep You There
4 8 a - 12 p $200 $200 17WL34 LIVE- ONLINE WEBCAST, INTERNET
3/30/15 3/30/15 WEBCAST: Employee Motivation and Engagement: Driving Results Without Driving Your Team Crazy
3 9 a - 12 p $105 $105 17W140 Online Webcast, Internet
3/30/15 3/30/15 WEBCAST: Get out of the Casket and up to the Podium 2 10 a - 12 p $79 $79 17W141 Online Webcast, Internet
5/7/15 5/7/152015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $0 $0 121011
Turf Valley Resort & Conference Center, Ellicott City
1/5/15 1/5/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 11 a - 12 p $39 $39 17W020 Online Webcast, Internet
1/9/15 1/9/15 2015 ACCOUNTING EDUCATORS CONFERENCE 8 8:30 a - 4:30 p $120 $220 121001 Sheraton Columbia Hotel, Columbia
1/21/15 1/21/15 CPA Firm M&A Workshop: Comprehensive Options for a Sale, Merger, or Independence
4 8 a - 11:30 a $75 $150 111003 MACPA Towson Center, Towson
1/29/15 1/29/15 CPA DAY 2 7:30 a - 1:30 p $0 $0 181000 Governor Calvert House, Annapolis
2/4/15 2/4/15 Forensic Accounting Investigations: Views from the Field - FVS Speaker Series
2 8:30 a - 10:30 a $50 $60 182062 MACPA Columbia Center, Columbia
2/26/15 2/26/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 12 p - 1 p $39 $39 17W021 Online Webcast, Internet
3/25/15 3/25/15 WEBCAST: Microsoft Office 2010: Excel, Word, Outlook and Windows 7 Tips
1 2 p - 3 p $39 $39 17W022 Online Webcast, Internet
4/17/15 4/17/152015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $250 $350 121000
University of MD University College Inn & Conference Center, College Park
MANAGEMENT & LEADERSHIP (CONT.)
SPECIALIZED KNOWLEDGE
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
5/4/15 5/4/15 WEBCAST: The Anticipatory CPA - The BLI Author Series with Dan Burrus
3 9 a - 12 p $105 $105 17W142 Online Webcast, Internet
5/4/15 5/4/15 The Anticipatory CPA - The BLI Author Series with Dan Burrus 4 9 a - 12:30 p $195 $295 191014 Hilton Baltimore BWI Airport, Linthicum
1/8/15 1/8/15 WEBCAST: MACPA’s 1040 Fast Track - A Comprehensive Individual Tax Seminar for CPAs and Their Staff
16 8 a - 4 p $300 $300 17WL30 LIVE- ONLINE WEBCAST, INTERNET
1/8/15 1/8/15 MACPA’s 1040 Fast Track - A Comprehensive Individual Tax Seminar for CPAs and Their Staff
16 8 a - 4 p $350 $450 211002Loyola University Maryland Graduate Ctr Columbia Campus, Columbia
1/9/15 1/9/15CAC: State Tax Update 4 8 a - 12 p $60 $70 140501
Johns Hopkins University - Montgomery County Campus, Rockville
1/12/15 1/12/15 AACC: Multi-State Tax Update 4 2 p - 6 p $40 $50 140601 Blue Dolphin Seafood Bar & Grill, Gambrills
1/15/15 1/15/15 The Complete Guide to the Preparation of Form 1041 8 8 a - 3:30 p $295 $395 110036 MACPA Columbia Center, Columbia
1/15/15 1/15/15 WEBCAST: The Complete Guide to the Preparation of Form 1041
8 8 a - 3:30 p $245 $245 17WL31 LIVE- ONLINE WEBCAST, INTERNET
1/16/15 1/16/15 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 110037 MACPA Columbia Center, Columbia
1/16/15 1/16/15 WEBCAST: The Complete Guide to Preparing Forms 706 and 709
8 8 a - 3:30 p $245 $245 17WL32 LIVE- ONLINE WEBCAST, INTERNET
1/29/15 1/29/15 CPA DAY 2 7:30 a - 1:30 p $0 $0 181000 Governor Calvert House, Annapolis
1/20/15 1/20/15 QuickBooks 2013 Comprehensive Training 16 8 a - 3:30 p $660 $810 130036 MACPA Columbia Center, Columbia
2/13/15 2/13/15 WEBCAST: The Rise of the Digital CPA 1 11 a - 12 p $39 $39 17W144 Online Webcast, Internet
2/25/15 2/25/15 Excel Advanced Features, Functions, Pivot Tables and the Macro Recorder
8 8 a - 3:30 p $330 $480 130025 MACPA Columbia Center, Columbia
3/24/15 3/24/15 Microsoft Excel (2013); Outlook (2013); Word ( 2013); Adobe Acrobat and Windows 8 - Best Practices for CPAs
8 8 a - 3:30 p $330 $480 130027 MACPA Columbia Center, Columbia
4/29/15 4/29/15 Excel Pivot Tables In-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Word Productivity Features and Time-Saving Tips 4 8 a - 11:30 a $150 $200 130029 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
4/24/15 4/24/15 2015 FORENSIC VALUATION CONFERENCE 8 8 a - 5 p $279 $379 121013 Hilton Baltimore BWI Airport, Linthicum
5/4/15 5/4/15 WEBCAST: The Anticipatory CPA - The BLI Author Series with Dan Burrus
3 9 a - 12 p $105 $105 17W142 Online Webcast, Internet
5/4/15 5/4/15 The Anticipatory CPA - The BLI Author Series with Dan Burrus 4 9 a - 12:30 p $195 $295 191014 Hilton Baltimore BWI Airport, Linthicum
1/8/15 1/8/15 WEBCAST: MACPA’s 1040 Fast Track - A Comprehensive Individual Tax Seminar for CPAs and Their Staff
16 8 a - 4 p $300 $300 17WL30 LIVE- ONLINE WEBCAST, INTERNET
1/8/15 1/8/15 MACPA’s 1040 Fast Track - A Comprehensive Individual Tax Seminar for CPAs and Their Staff
16 8 a - 4 p $350 $450 211002Loyola University Maryland Graduate Ctr Columbia Campus, Columbia
1/9/15 1/9/15CAC: State Tax Update 4 8 a - 12 p $60 $70 140501
Johns Hopkins University - Montgomery County Campus, Rockville
1/12/15 1/12/15 AACC: Multi-State Tax Update 4 2 p - 6 p $40 $50 140601 Blue Dolphin Seafood Bar & Grill, Gambrills
1/15/15 1/15/15 The Complete Guide to the Preparation of Form 1041 8 8 a - 3:30 p $295 $395 110036 MACPA Columbia Center, Columbia
1/15/15 1/15/15 WEBCAST: The Complete Guide to the Preparation of Form 1041
8 8 a - 3:30 p $245 $245 17WL31 LIVE- ONLINE WEBCAST, INTERNET
1/16/15 1/16/15 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 110037 MACPA Columbia Center, Columbia
1/16/15 1/16/15 WEBCAST: The Complete Guide to Preparing Forms 706 and 709
8 8 a - 3:30 p $245 $245 17WL32 LIVE- ONLINE WEBCAST, INTERNET
1/29/15 1/29/15 CPA DAY 2 7:30 a - 1:30 p $0 $0 181000 Governor Calvert House, Annapolis
1/20/15 1/20/15 QuickBooks 2013 Comprehensive Training 16 8 a - 3:30 p $660 $810 130036 MACPA Columbia Center, Columbia
2/13/15 2/13/15 WEBCAST: The Rise of the Digital CPA 1 11 a - 12 p $39 $39 17W144 Online Webcast, Internet
2/25/15 2/25/15 Excel Advanced Features, Functions, Pivot Tables and the Macro Recorder
8 8 a - 3:30 p $330 $480 130025 MACPA Columbia Center, Columbia
3/24/15 3/24/15 Microsoft Excel (2013); Outlook (2013); Word ( 2013); Adobe Acrobat and Windows 8 - Best Practices for CPAs
8 8 a - 3:30 p $330 $480 130027 MACPA Columbia Center, Columbia
4/29/15 4/29/15 Excel Pivot Tables In-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Word Productivity Features and Time-Saving Tips 4 8 a - 11:30 a $150 $200 130029 MACPA Columbia Center, Columbia
4/30/15 4/30/15 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
TAX
TECHNOLOGY
55JANUARY 2015
Find interns here.
Announcing the all-new website connecting
accounting students, CPA candidates, and
the organizations looking for talent.
VISIT TOMORROW’S CPA ONLINE:
macpa.org/tcpato see all the great resources available to the next generation of our profession.
UNIVERSAL SOFTWARE SOLUTIONS, INC. TEL: (410) 358-8851 P. O. BOX 5866 www.ussi-md.com BALTIMORE MD 21282-5866 U S S
MARYLAND PERSONAL PROPERTY SOFTWARE 2015 EDITION
Prepares and Prints Maryland Personal Property Tax Returns
Please send one copy of MD “TPP” - 2015 edition to:
Name_____________________________________________________________________________________________ Company_________________________________________________________________________________________ Address__________________________________________________________________________________________ City/Sta te /Zip__________________________________________________Telephone_________________________
Md residents: Add 6% sales tax.
SPECIAL 50% DISCOUNT FOR FIRST TIME USERS:
$125.00 PLUS 6% MD sales tax. This is a full working edition except it does
not convert prior year data. Enjoy the time saving and ease of use. Print professional looking returns.
For more infor-mation call : 410-358-8851
2015 Edition — $250.00 plus 6% MD Sales Tax.
Features: Multi-User-Network Compatible. Easy installation. Full screen editing and Pull-Down menus make data
entry simple and efficient. Field marking for review and verification. Data files can be stored on any drive/folder. Error checking routines prevent common mistakes. On screen totals - Updated with each entry. Prints government approved returns on plain paper: Form
1—Corporations, LLC’s, LLP, etc.; AT3-51— Partnerships and Sole Proprietorships; AT3-75— Bank, Saving & Loans and Trust Companies, AT3-53 Rental Property.
Multiple location capability for all entities. Assessment calculations with user adjustable tax rates and
assessments. On screen print preview. Print from print menu or Preview screen. Print options - Entire return, Batched returns, single and
multiple pages. Prepares and prints a collated signature ready return. Prints Extensions-Selected Client(s) or all Unfiled
Returns. Prints client lists - All clients, filed returns and unfiled
returns. Information saved and updated annually. Easy to use Multi-Featured word processor or link
to MS Word for full feature processing. Word processor can be used for Form letters,
Transmittals, Filing Instructions, Billing, etc. User friendly - Screens simulate actual return. Unlimited number of clients. Concise, easy-to-read user’s manual. Automatic Internet updates. Free unlimited support.
Find interns here.
Announcing the all-new website connecting
accounting students, CPA candidates, and
the organizations looking for talent.
VISIT TOMORROW’S CPA ONLINE:
macpa.org/tcpato see all the great resources available to the next generation of our profession.
MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTSDulaney Center II | 901 Dulaney Valley Road, Suite 800Towson, MD 21204 | www.macpa.org410. 296.6250 | Fax: 410.296.8713
“The Anticipatory CPA” WITH DAN BURRUS
5/4/15HILTON BALTIMORE BWI AIRPORT
The main skill CPAs need to thrive in a business environment marked by hyperchange and uncertainty is the ability to accurately anticipate the future.
Daniel Burrus is one of the world’s leading technology forecasters and innovation experts.
Come learn to analyze and perceive trends, tap into everyday innovation, solve challenges faster, and recognize previously invisible opportunities.
EVENT ID
191014
Register to Attend: BLIONLINE.ORG/BURRUS
THE BLI AUTHOR SPEAKER SERIES