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Fall 2014 Volume 57, Number 2
www.wscpa.org
washington
CPA
Biggest Myths About Affordable Care Act Strategies in 2014Knowing What It Takes to Make PartnerImplementing an Effective Corporate Ethics Policy
Serving on Nonprofit Boards
2 3WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
2 3WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
www.wscpa.org • [email protected] Tel (425) 644-4800 • Toll free in WA (800) 272-8273
Fax (425) 562-8853 902 140th Ave NE
Bellevue, WA 98005-3480
BOARD OF DIRECTORS Heather L. Fitzpatrick Chair William A. Simer Vice Chair David J. Miniken Treasurer Lucy L. Liu Secretary Glenn G. Wisegarver Immediate Past Chair Richard E. Jones President & CEO
Laurie J. Anderson Marinilka B. Kimbro Thomas G. Donaghy Amanda V. O’Rourke Kirsten S. Duke Andrew L. Read Dean A. Granholm Abby M. Sanders Robert L. Grannum Joseph P. Smith Robert W. Heller
CHAPTER BOARD CHAIRS Craig S. Connell Bellevue Area
Alex R. King Central Molly Vander Woude Central Northwest Diane Bingaman Olympia Michael T. Enos Sammamish Valley Rachel T. Sites Snohomish County Dani L. Espinda South King County David P. Stubing Southwest Robert S. Plumb Spokane
Sean P. Kinney Yakima
Jeanette Kebede Editor
The WashingtonCPA is published by the Washington Soci-ety of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA.
The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Wash-ington Society of Certified Public Accountants, its board of directors or staff.
The WashingtonCPA (USPS 009754) is published four times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA.
Periodicals postage paid at Bellevue, Washington and additional mailing offices.
Cover photo: © Veer/Mitch Spearman
POSTMASTER: Send address changes to The WashingtonCPA, c/o WSCPA, 902 140th Avenue NE, Bellevue, WA 98005-3480.
DEPARTMENTS
CPAwa s h i n g t o n
4 Leadership Lens14 News Briefs24 Advocacy30 Foundation31 Events
32 CPE Digest44 Registration Form45 ClassifiedAds47 Member Viewpoint
Contents
5 Some of the Best Leadership Training is Free
7 Volunteering for Board Positions: Before You Get Started
9 So You Want to Join a Non-Profit Board? A Look at Legal Considerations
11 Congratulations: You’re the Board Treasurer!
21 7 Biggest Myths About Affordable Care Act Strategies in 2014
25 Knowing What It Takes to Make Partner
27 Implementing an Effective Corporate Ethics Policy
CONTENTS
4 5WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
LEADERSHIP LENS
In my mind, relationships
truly are like wine.
The really great ones take
time to develop, be tested,
and mature. However, all
relationships begin from
almost nothing, so it is
important to continually
add new relationships and
nurture existing ones.
Relationships Make the World Go RoundBy Rich Jones, CPA, CGMA, President & CEO
As I reflected on the past week at work, I realized the number of opportunities I had this week
to interact with friends and colleagues, people with whom I had established rela-tionships of different types and of vary-ing duration. I think building relationships with others is one of the most satisfying experiences in life. Here are a few exam-ples just from this week:
• I received an email from a man I hired out of college about 20 years ago. We worked together for a few years until he decided to take a job in industry. Eventually he left that job to pursue his true lifetime ambition—to be a pilot who fights forest fires, which he does today in another state. We had not stayed in close contact but did exchange emails every few years. He needed a referral for a tax accountant for a family member. To whom did I refer him? A former colleague who is a partner at a small firm in Bel-levue—someone I trust because of our relationship.
• One of my former clients is in the executive search busi-ness. He recently obtained the engagement to find a COO for one of the national organiza-tions focused on providing opportunities in accounting for underrepresented minorities. He reached out to me to see what I knew about this organi-zation. Fortunately, the Immedi-ate Past Chair of AICPA, who is heavily involved with diver-sity and inclusion initiatives at AICPA and at his national firm, and I had talked recently about this particular organization. He and my friend have connected,
to the benefit of both of them and the organization involved.
• Over the past several years I have become increasingly involved with Peer Review, both locally and nationally. This week two of the Society’s Peer Review leaders taught account-ing and auditing in our facility and we had other members in attendance who I know from the Peer Review program. It was nice to have a chance to interact with them. These are all good relationships that have developed over just the past several years.
• At a lunch meeting I ran into three members who I know well who now work at Clark Nuber. We had all previously worked together. It was great to see old friends.
These are just some of the interac-tions I had this week with members and others with whom I have developed meaningful relationships. Many of these relationships are fairly new. However, some of these relationships developed over many years, such as the relationship I have with Loretta Doon, my counter-part at the California Society of CPAs. We worked together for a few years more than 40 years ago in California; however, we had not been in contact for more than 25 years. Then, within a few weeks of each other, we both became CEOs of our state societies. Based on the strong and trusting relationship we developed many years earlier, we were able to enter into a novel CPE webcast revenue-shar-ing agreement that has significantly ben-efitted both organizations. The key to this success was the trusting relationship built decades earlier.
In my mind, relationships truly are like wine. The really great ones take time to develop, be tested, and mature. How-ever, all relationships begin from almost nothing, so it is important to continually add new relationships and nurture exist-ing ones.
CPAs, whether in public practice or industry, have an incredible opportunity to create relationships that will enhance their lives forever. For those CPAs in public practice, think about the influence you have with your clients and how that trusting relationship grows over time. For those CPAs who work in business, indus-try, government, nonprofits, etc., think about how many people you come into contact with in the course of your daily work. Many of those people will go other places or do different things in the future. Having a meaningful relationship with them may be very helpful to both of you in the future. When we meet with legisla-tors to discuss issues of importance to
continued on page 6
4 5WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
LEADERSHIP LENS
When choosing among the many organizations that offer
volunteer leadership opportunities, consider the issues
and causes about which you are most passionate. Not only
will that make your leadership “training” more enjoyable,
it will make you more successful.
Some of the Best Leadership Training is FreeBy Heather Fitzpatrick, CPA, CGMA, WSCPA Chair for 2014-15
Investments in corporate training, and particularly on leadership develop-ment, are soaring. This year, US corpo-
rations will invest $70 billion in employee training, 35% of which will be focused on leadership training.
This isn’t a surprise. Investments in corporate training typically grow when the economy is accelerating. More importantly, many executives are near-ing retirement, and the global leadership gap—the shortage of qualified leaders to take their places—is a critical concern to many companies.
While many organizations, including the WSCPA, offer courses designed to educate participants on best practices in leadership and related topics, the most effective leaders have honed their formal education with hands-on practice. A quick look at programs that include simulation or in-house coaching suggests that the practical portion of leadership training can be the most expensive. Fortunately, it doesn’t have to be.
Not-for-profit organizations provide volunteers with many opportunities for leadership development. They’re an excellent investment, too. The only out-of-pocket cost is time, and there are many additional benefits. Volunteer lead-ers benefit from working with individuals outside their organization and our pro-fession who bring insight and experience into various aspects of management and leadership. Volunteers build lasting friend-ships and relationships with others in the community. And, of course, you help an organization whose sole purpose is to improve the world in which we live.
But in order to take advantage of this particular form of leadership training, there are a few things you should keep in mind.
Follow Your Passion. In Good to Great, author and researcher Jim Collins describes exceptional leadership as the combination of personal humility and
professional will. While leaders are often ambitious, they are more committed to the success of the organization than they are to what they achieve personally. In this respect, there is little difference between exceptional volunteer leaders and excep-tional corporate executives. Both require a commitment to service on behalf of the organization above self.
When choosing among the many orga-nizations that offer volunteer leadership opportunities, consider the issues and causes about which you are most passion-ate. Not only will that make your leader-ship “training” more enjoyable, it will make you more successful.
Be Committed. Leadership is not a passive activity. We all know someone who has asked to be involved in an important project, client engagement, or volunteer committee because they wanted it on their resume. Once on board, their enthusiasm wanes. They don’t prepare or even show up for meetings, don’t follow through, and don’t bring the required energy to the tasks at hand.
These individuals are sabotaging their own leadership development. Not only are they passing up the opportunity to learn, they are diminishing their reputation
among their colleagues on the commit-tee or board. Just as with a failure to perform in a corporate environment, this means they will be less likely to be invited to participate in bigger, more vis-ible, or more challenging projects.
Be Realistic. Treat your quest for volunteer leadership opportunities like a job search, and be realistic about the positions for which you apply.
Most not-for-profits need a mix of volunteers, including people who can write big checks, people with special-ized expertise, such as investment man-agement or law, people with extensive experience in not-for-profit governance and leadership, and people who will participate actively in roles ranging from event support to committee manage-ment. As you consider where to begin your volunteer leadership development, consider what you bring to the table and what the organization needs, and be realistic about what role is a good fit for both of you. Even seasoned corporate managers often need to work their way up the volunteer leadership ladder.
continued on page 6
6 7WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
LEADERSHIP LENS
our profession, they listen intently to our viewpoint because they respect our profession as being objective, honest pur-veyors of the truth. And they also know that CPAs have a great deal of influence with their clients and businesses. (See Kimberly Scott’s article on page 24 for the latest advocacy news, including the issues we’ll be watching and discussing with legislators in the coming months.)
Many of the relationships I have developed over the past decade are related to my role as CEO of the WSCPA. This has been the most enjoyable part of my job. Many other rela-tionships result from my active participation in several non-profit civic organizations. Heather Fitzpatrick’s column in this issue (on page 5) does an excellent job of dissecting how public service can benefit all of us. It is one great way to develop relationships and create friendships, many of which will last a lifetime.
The WSCPA is primarily engaged in the relationship business. If you would like to discuss ways in which we can enhance your relationships, please feel free to contact me at [email protected].
Start Early. Leadership takes practice. The earlier in your career you start as a volunteer leader, the more opportuni-ties you will have to develop your skills, and the more you will benefit from the relationships you develop in the process.
Many new professionals are reluctant to take the time away from career development, especially if employers won’t support the time required during the work day. Since leader-ship skills take years to hone, this approach is short-sighted both for employers and for employees. Volunteer involve-ment does not have to be time consuming—and it can be the difference between effective management and exceptional leadership.
Start with the WSCPA. Fortunately, the WSCPA offers members a variety of opportunities to develop leadership skills, ranging from committee and chapter participation to board leadership. For more information about the types of opportunities that might be a good fit for your skills and interests, contact Member Services at [email protected]. If you have extensive experience in not-for-profit governance and management, consider submitting your name as a candidate for our board. To do so, contact Ann Young at [email protected].
Heather Fitzpatrick is President & CEO of MarketFitz. You can contact her at [email protected].
Relationships Make the World Go Roundcontinued from page 4
Some of the Best Leadership Training is Freecontinued from page 5
6 7WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
VOLUNTEERING FOR NONPROFITS
CPAs get asked to serve on boards a lot. Sometimes organiza-tions want us for our technical
expertise, but sometimes they just need someone at the table who is comfort-able talking concretely about money. I spent many happy hours volunteering as a teenager, and during college I looked forward to being able to use my new accounting skills for the greater good. I’m a big believer in learning from other people’s experiences wherever possible, so once I passed the CPA exam, I took to questioning everyone I knew (includ-ing partners at my firm) about their volunteer board experiences. The main advice I got was to hold off for a couple of years until I had enough professional experience to know what I didn’t know. This was sound advice! I took it. While I now have a couple of years of experience volunteering as Treasurer for my small Home Owners’ Association (HOA), I’ve continued to question others about their volunteer experiences. I’ve gotten some excellent advice during this process, and want to share it with you.
Three crucial sets of questions to ask the organization:
Financial and Fundraising Commitment
• Are board members expected to personally contribute a minimum amount to the organization?
• Do board members have individual fundraising quotas?
Sometimes board members get sued. Does the organization have liability insur-ance that covers board members? If not, it’s worth looking into a personal umbrella policy, which is a way to add extra general liability coverage, including coverage for attorney’s fees, onto an existing insurance policy. [Editor’s note: See page 9 for more on the legal considerations.]
Volunteering for Board PositionsBy Kathryn Sklar
Time Commitment• How often and for how long
does the board meet?• Where are meetings held? Is
it okay to attend via phone or computer when time is espe-cially tight (i.e., busy season)?
• What other events are board members expected to attend?
• How long is a board member’s term?
Job Description/Expectations• What technical knowledge
are they expecting you, as a CPA or future CPA, to bring to the table?
• If you’re signing on for Treasurer or another titled position, is there a job description? Is the most recent person who held the title available to train you and ease the transition?
• Does the organization already have a paid or volunteer book-keeper, or are they recruiting an accountant because they need a volunteer bookkeeper?
• If it’s a larger organization or handles a lot of funds, do they have an annual audit?
Three crucial questions to ask yourself:
• Are you passionate about the organization’s mission? If you’re not, is there some other factor that will make your commit-ment rewarding? (E.g.: a loved one is passionate about the organization; you’ll get peace of mind knowing your PTA/HOA is in good financial condition; you’re burning up with curiosity to get to know the inner work-ings of not-for-profits.)
• If the organization were a person and it was ill, would you want to interrupt your life to bring it chicken soup? (All orga-nizations will have crises that require board attention. It might not happen during your tenure, but you should be prepared.)
• Do you like the people you would be working most closely with? If you’re not sure, find out if there’s an event or portion of a board meeting you could attend to get a feel for this.
Kathryn Sklar is Busi-ness Systems Analyst at Perkis & Co. in Portland.
This article originally appeared on the OSC-PA’s “More than Num-bers” Blog – oscpablog.wordpress.com.
Reprinted with the permission of The Oregon Certified Public Accountant, a publi-cation of the Oregon Society of CPAs.
© Ve
er/M
itch
Spea
rman
8 9WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
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$42.98 billion total revenue of Washington nonprofits
$148.57 billiontotal assets of Washington nonprofits
19,609 nonprofits in Washington filed with the IRS
36 out of 51 (states + DC)34,997
nonprofit organizations in Washington State Washington’s rank for
number of nonprofits
9.2%
nonprofits accounted for
of wages + salaries paid in U.S.
5.5%nonprofit share of GDP (2012)
charitable contributions by individuals, foundations, bequests, corporations (2012)
$316.23 billion
0.6%over 2011
Sources: National Center for CharitabIe Statistics: http://nccs.urban.org/statistics/quickfacts.cfm; IRS Business Master File 04/2010 (with modifications by the National Center for Charitable Statistics at the Urban Institute): http://nccsdataweb.urban.org/PubApps/profileDrillDown.php?rpt=US-STATE; The Nonprofit Almanac, 2012; Bureau of Labor Statistics Current Population Survey, September 2013: http://www.bls.gov/news.release/volun.nr0.htm; Giving USA, 2013: http://www.givingusareports.org
WSCPA members who work for not-for-profit organizations
�
NONPROFITORGANIZATIONS
percent of Americans over the age of 16 volunteered through or for an organization between September 2009 and September 2013
25.4
In 2010:
254
8 9WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
VOLUNTEERING FOR NONPROFITS
Congratulations! Nonprofit board membership is an exciting and rewarding endeavor!
CPAs as board members are in great demand due to your financial expertise, objectivity and understanding of the fidu-ciary responsibility to third parties. Not only is your experience valuable to the nonprofit organization, but participation on such a board can also provide you with potential business development opportunities.
You may wonder though, what issues you may face as a board member and how to address these issues with the executives of the organization and fellow board members. This is a very valid ques-tion as board members have the fiduciary responsibility to ensure the nonprofit’s finances are managed appropriately to maintain the non-profit status and to assure long term viability of the organiza-tion.
Some of the most important consider-ations for nonprofit board members are as follows:
1. Ensure the nonprofit organiza-tion has Directors & Officers Liability (D&O) insurance.
The laws of Washington State protect volunteer board members—you cannot be sued for mere negligent acts. However, you can be subject to lawsuits alleging loss due to your gross negligence, willful or fraudulent acts. Washington State laws also allow for the organization to defend and indemnify you as a board member from liability. However, the organization may not have the funds necessary to do so or the governing/creation docu-ments may not provide authority for the entity to do so (it’s an elective choice). This is where the organization’s Direc-tors & Officers insurance would step in to defend and indemnify board members. Keep in mind—fraudulent or criminal activities are NOT INSURABLE. If the
So You Want to Join a Nonprofit Board? A Look at Legal ConsiderationsBy Jeaninne Ryan and David Tan
nonprofit organization does not have and will not procure Directors & Officers Liability insurance, you may be able obtain coverage as an individual board member. There are some Personal D&O policies available in the marketplace. Also, there is the potential for some coverage under your Homeowners or Personal Umbrella policy with some insurance carriers. It is important to verify that the coverage you obtain yourself will defend and indem-nify you—just as an organization’s D&O policy should do.
2. Ensure that the board is not just a “rubber stamp” for management of the organization.
If you simply agree with any manage-ment decisions, you are failing to fulfill your fiduciary duty. In Washington State, there are specific RCWs outlining your fiduciary duty. First, there is the duty of care which means you should exercise reasonable care in making a decision for the organization. This means under-standing and fully evaluating corporate issues requiring board action. Second is
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$42.98 billion total revenue of Washington nonprofits
$148.57 billiontotal assets of Washington nonprofits
19,609 nonprofits in Washington filed with the IRS
36 out of 51 (states + DC)34,997
nonprofit organizations in Washington State Washington’s rank for
number of nonprofits
9.2%
nonprofits accounted for
of wages + salaries paid in U.S.
5.5%nonprofit share of GDP (2012)
charitable contributions by individuals, foundations, bequests, corporations (2012)
$316.23 billion
0.6%over 2011
Sources: National Center for CharitabIe Statistics: http://nccs.urban.org/statistics/quickfacts.cfm; IRS Business Master File 04/2010 (with modifications by the National Center for Charitable Statistics at the Urban Institute): http://nccsdataweb.urban.org/PubApps/profileDrillDown.php?rpt=US-STATE; The Nonprofit Almanac, 2012; Bureau of Labor Statistics Current Population Survey, September 2013: http://www.bls.gov/news.release/volun.nr0.htm; Giving USA, 2013: http://www.givingusareports.org
WSCPA members who work for not-for-profit organizations
�
NONPROFITORGANIZATIONS
percent of Americans over the age of 16 volunteered through or for an organization between September 2009 and September 2013
25.4
In 2010:
254
If the non-profit organization does not have and will not procure Directors & Officers Liability insurance, you may be able obtain
coverage as an individual board member. There are some Personal D&O policies available in the marketplace... It is important to verify
that the coverage you obtain yourself will defend and indemnify you—just as an organization’s D&O policy should do.
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VOLUNTEERING FOR NONPROFITS
the duty of loyalty—you must always act in the best interests of the organization. Finally, the duty of obedience requires you to act in a manner that furthers the mission of the organization. Boards that blindly follow the decisions of executives risk being held responsible for fraudulent or illegal activities because they have not performed appropriate due diligence.
3. Think about any potential reputational risks associated with board membership.
4. If you work for a CPA firm, discuss any potential board service with the CPA firm’s partnership group before accepting a position, as board membership could affect the firm’s business relationships with clients.
It is also important to separate any work of the firm for a nonprofit organi-zation from board membership. Anything that could impair or give the perception of impairing, the firm’s independence and objectivity should be avoided. Accoun-tant’s professional liability policies specifi-cally exclude coverage for claims related to service for any company or organi-zation other than the CPA firm. Claims against the CPA in his/her capacity as a board member will not be covered. There
is also the possibility that claims against the firm arising out of services per-formed for the specific nonprofit orga-nization that their employee/partner is a board member of may not be covered. If you work in private industry, it is impor-tant to evaluate the following:
a. The nonprofit organization’s cause
b. The nonprofit organization’s reputation in the community
c. The leadership structure— independence between the
finance committee and the audit committee is very important!
d. The nonprofit organization has proper workplace policies and procedures in place.
5. Review the nonprofit organiza-tion’s bylaws and articles of incor-poration, be familiar with them,
follow them, recommend that they be reviewed periodically by legal counsel, and make changes if needed.
Ignoring an organization’s bylaws opens up the board to allegations of breach of the board’s fiduciary duties. D&O insurance generally will not pro-tect board members if they act outside the scope of the non-profit’s bylaws and articles of incorporation.
Overall, acting with care and diligence as a board member, exercising indepen-dent judgment and remembering your main role—as overseer of the non-prof-it’s executives in the furtherance of the mission—will help you to be an effective board member for the nonprofit organi-zation of your choosing.
Jeaninne Ryan and David Tan are Client Executives in the Property & Casualty insur-ance division at Kibble & Prentice, A USI Co. Jeaninne and David specialize in assisting professional services firms with their insur-ance programs and risk management issues. David has nearly 30 years of experience in all aspects of financial services. Jeaninne has 17 years of experience in insurance and risk management. You can contact them at [email protected] and [email protected].
Not-for-Profit Committee Find Nonprofits that Need CPA Volunteers
Join the WSCPA Board
CALL FOR NOMINATIONS -
The WSCPA Board Governance Committee is accepting nomina-tions for the 2015-2016 Board of Directors.
To submit a nomination, contact Ann Young ([email protected]). Nominations are due November 5.
Want to volunteer for a non-profit? Turn to the WSCPA’s Volunteer Opportunities—a list of not-for-profit organizations that are in need of a CPA to serve on the board or provide pro bono assistance. See page 46 or visit www.wscpa.org (click the Vol-unteer Opportunities link at the bottom of the homepage).
If you’re interested in connecting with CPAs who work with the not-for-profit community, join the WSCPA Not-for-Profit Com-mittee. The committee meets regularly throughout the year and plans the popular Not-for-Profit Conference in November each year. Contact [email protected] to join.
Boards that blindly follow the decisions of executives risk being held
responsible for fraudulent or illegal activities because they have not per-formed appropriate due diligence.
10 11WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
VOLUNTEERING FOR NONPROFITS
Whether you are already a board member of a nonprofit organization or just contem-
plating accepting a position, as a CPA, it is likely that you will be asked to become the board treasurer.
Serving as the treasurer of a not-for-profit organization can be extremely rewarding. On the other hand, there are some important differences between nonprofit and for-profit accounting rules and best practices that you will need to be aware of in order to be an informed and effective treasurer.
This article will give you a brief glimpse into some of the more significant differ-ences between the two types of organi-zations and the information you’ll need to know. However, it’s just a start.
A more detailed look into the roles and responsibilities of the board treasurer is available through the WSCPA 4-hour CPE program entitled “What Board Trea-surers Need to Know” (Course Number: 15WBTNDE) on December 4, 2014 in Bellevue.
Of course, if you’re already in that role, you won’t want to wait until December to learn the most critical aspects of the board treasurer’s role! To help you, here’s a quick overview of the top information you should know:
General Responsibilities of Board Members, Including Treasurers
First, it’s important to understand your legal responsibilities. All board members, including board treasurers, are required to exercise fiduciary duty to ensure that the organization’s financial resources are effectively managed and sufficient to assure the organization’s long-term finan-cial viability.
In Washington State, exercising fiduciary duty incorporates three basic duties:
1. The duty of good faith requires that you act in good faith, in a manner that you rea-sonably believe to be in the best interest of the organization.
2. The duty of loyalty requires that you act in a manner that furthers the interest of the organization, and that you refrain from engaging in activi-ties that could be construed to injure or take advantage of the organization.
3. The duty of care requires that you exercise diligence in the oversight of corporate officers, and that you seek and review all information necessary to make an informed decision.
As a board member exercising the duty of care, you should:
• Prepare for and attend all board meetings
• Read all information provided
to you• Actively participate in board dis-
cussions, exercising independent judgment in decision-making
• Ask questions to form a com-plete picture of the organiza-tion’s financial situation
• Review the organization’s Form 990 prior to filing
• Seek to increase transparency • Adopt and implement appropri-
ate financial governance policies• Understand the impact of vari-
ous revenue and fund develop-ment approaches on your organization’s financial health
• Understand the roles of the board treasurer and the finance and audit committees, and actively participate in identifying qualified board members to fill those roles
As the board treasurer, you must also:
• Work with the ED/CEO to
Congratulations: You’re the Board Treasurer! By Julleen Snyder, CPA, CGMA
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VOLUNTEERING FOR NONPROFITS
As board treasurer, it is your responsibility to
ensure that the organiza-tion is using its financial resources properly and in accordance with IRS
laws governing tax-exempt organizations. While the role may seem daunting,
with some education it can be a great way for you to leverage your expertise to
improve our world.
ensure that appropriate financial reports are made available to the board on a timely basis
• Present the annual budget to the board for approval
• Review the annual audit and answer board members’ questions about the audit
• Help select an auditor and other relevant professional services
• Establish and supervise appro-priate internal controls
The Board Treasurer as Chief Financial Translator
As the board treasurer, one of your most important jobs is to educate your fellow board members, who have fidu-ciary responsibilities relative to the orga-nization’s financial health but may not have the training or experience you do, as a CPA.
To ensure that your fellow board members understand the organization’s financial position, you’ll need to serve as chief financial translator for the infor-mation coming from the organization’s bookkeeper or accounting staff. The most common means of keeping your fellow board members informed is to deliver a treasurer’s report at each meeting.
The treasurer’s report typically includes:
• Recommendations relative to policies or procedures for the board’s consideration and/or vote
• A report on the finance committee’s activities, assuming that the organization has one
• A full set of financial statements including the Statement of Financial Position and the Statement of Activities
• A summary of budget-to-actual
financial data, generally with a copy of the budget
As the board treasurer, you should understand the reasons for any mate-rial deviations and be prepared to out-line the reasons or ways they are being addressed. Dashboards can be extremely helpful in allowing board treasurers and
not-for-profit staff to quickly and effec-tively communicate the status of key metrics to board members.
For many board members, even CPAs, the names of the financial statements used by not-for-profits can be somewhat confusing. The Statement of Financial Position summarizes the assets and liabil-ities of the organization, in the same way that the Balance Sheet summarizes the financial position of a for-profit organiza-tion at a single point in time. However, not-for-profits show a section called Net Assets where the equity section would appear on most for-profit corporations’ statements, and those net assets are
classified based on any restrictions that donors may have placed on contribu-tions to the organization. There are sev-eral types of restriction categories, each with its own reporting requirements and reserved spot on the Statement of Finan-cial Position.
Similarly, the Statement of Activities summarizes the results of the organiza-tion’s financial operations over a period of time, in the same way that an Income Statement does for a for-profit organi-zation. However, rather than reporting a profit or loss on the bottom line, the organization reports a Change in Net Assets.
In addition to what the statements and their components are called, there are other significant differences between for-profit and not-for-profit financial state-ments, and it is important for the board treasurer to be familiar with what each category of income, expense, liability or asset is comprised of, and how it is reported.
Understanding IRS and Other Government Reporting
In some respects, “tax-exempt entity” is a misnomer. Not-for-profit organi-zations are only exempt from federal income taxes, and the board treasurer should understand the tax obligations for which the organization is respon-sible, such as B&O, use tax and property taxes. In addition, the board treasurer should ensure that the organization files the state and federal reports required to protect its charitable status.
The most highly visible form an exempt entity must file each year is the IRS Form 990. However, the board treasurer must understand that the IRS is not the only reader of the document. For many non-profits, bankers, lenders, other govern-mental agencies, funders, and, perhaps most importantly, sophisticated donors all review the Form 990 for information
12 13WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
VOLUNTEERING FOR NONPROFITS
about the organization’s financial stability and operations. To be effective, the board treasurer must understand which pages are of greatest interest to key external audiences, and what messages are com-municated in the descriptions the orga-nization includes with its required filing.
As a board treasurer, you can stay pro-active about governance and compliance issues by:
• Educating yourself on reporting and compliance requirements
• Looking for red flags such as incomplete returns, non-independent board members and lack of written governance policies
• Using a review checklist (such as the one found here: www.jjco.com/resources/pdf/Form990Checklist.pdf)
• Making reasonable inquiries and exercising independent judgment
• Making recommendations for process improvements, as needed
Understanding the Strings Attached to Gift Acceptance
Fundraising is an important aspect of board service and, as treasurer, you may be asked to provide guidance rela-tive to gift acceptance. To do so effec-tively requires an understanding of the common forms of gifts and any hidden costs that may overshadow the benefit they deliver.
For example, an organization may be on the hook for additional taxes if it engages too heavily in activities that are not associated with the exempt purpose for which the IRS granted tax-exempt status, such as accepting adver-tising on the organization’s website. Some organizations that receive sig-nificant amounts of federal funding may
become burdened by excessive track-ing and reporting costs, which can drain resources away from mission-building purposes. Auctions and fundraisers also pose challenges in that they yield a rela-tively low return on invested resources due to the hidden cost of time required from paid and volunteer team members.
Finally, treasurers must understand the documentation and reporting require-ments required by the IRS, which differ based on whether the gift was a cash contribution or not.
ConclusionAs board treasurer, it is your respon-
sibility to ensure that the organization is using its financial resources properly and in accordance with IRS laws governing tax-exempt organizations. While the role may seem daunting, with some education it can be a great way for you to lever-age your expertise to improve our world. Fortunately, the WSCPA is ready to help with CPE that can help you make the most of your service on the board.
Julleen Snyder, CPA, CGMA, is an audit partner with Jacob-son Jarvis, a CPA firm dedicated to serving the needs of not-for-profit organizations. For additional information, contact Julleen to request a copy of the Jacob-
son Jarvis publications, “What Board Members Need to Know About Not-for- Profit Accounting” and “What Non-Profits Need to Know About Tax Compliance.” Julleen can be reached at [email protected] or (206) 628-8990.
Learn more What Board Treasurers Need to Know (15WBTNDE)December 4 | Bellevue 4 CPE credits
www.wscpa.org/conferences
Not- for-Prof i t Conference
November 20-21, 2014 Seattle, WA | Webcast
Earn up to 18.5 CPE credits
Register now!www.wscpa.org/conferences | (425) 644-4800
14 15WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
NEWS BRIEFS
Free Resource: Feedback on Financial ReportsAre the financial reports you are issuing in accordance with GAAP, OCBOA,
GAAS, and GAGAS? The WSCPA offers complimentary, confidential comments relat-ing to financial statement format, presentation, and other professional issues based on reviews of post-issued financial statements. Submit up to two redacted statements by December 15 to Rachel Brown at [email protected] or call (425) 586-1128 for more information.
The Financial Statement Review Committee, which meets throughout the year to review financial reports, is looking for additional members. If you are interested in joining the Financial Statement Review Committee, please contact Rachel for details.
WSCPA Accounting, Auditing, and Review Standards Committee Technical Hotline for Members
Ever wonder who you can turn to when you have a question about an accounting, auditing or review standards (AARS) issue? Members of the Accounting, Auditing and Review Standards Committee are available to discuss issues related to AARS with WSPCA members. To connect with a member of this committee, contact the WSCPA at (425) 586-1142 or (800) 272-8273 extension 1142 (inside WA).
Need Tax Advice? The WSCPA Taxation Committee members are here to help. Call (425) 644-4800
to be connected with the appropriate member. This free benefit is for WSCPA mem-bers only.
Leadership Lens Breakfast: What Kind of Corporate Animal are You?
November 19 | 8-10 amSeattle Renaisannce Hotel$40 per person | 1.5 CPE creditsCode 15NWNV19
Are you interested in understanding how to leverage your strengths as a leader?
Join your professional peers over breakfast to hear from two out-standing speakers—Rachel Dexhei-mer and Tim Russell—who will explore unique ways to help you increase your effectiveness as a leader.
Register at www.wscpa.org/events or (425) 644-4800.
14 15WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Do you know me?
I am your fellow WSCPA committee member who ensures that everything is running smoothly at an event. Or maybe I’m a new CPA in your office and I’m making an effort to get involved in the WSCPA. Or perhaps I am an individual who has used my position as a CPA to provide leadership through-out the community.
Nominated by a colleague and selected by a committee of my peers, I am proud to have been selected as a WSCPA Award Winner.
Rick Greaves, Carmen Aguiar, Brett Jordan, Mike Cheney, Sarah Ozanne, Nerelys Codero, Rick Sweeney, Rick Anderson, Pete Shimer, Peter Miller, Dave Trujillo, Joe Sambataro, Robert Nuber and Jim Ladd are but a few of the many WSCPA members that have won a WSCPA award.
Who will you nominate?
John L. O’Brien Lifetime Achievement AwardRecognizes a current or former member for a career of leadership and dedicated service to the accounting profession and as an exemplary role model for other CPAs.
Vincent A. Gervais Public Service AwardRecognizes a member whose respected leadership in community organizations has enhanced the image or public perception of CPAs.
Company or Firm of the Year AwardRecognizes a company or firm that provides noteworthy support to the WSCPA and its members.
Special AwardRecognizes an individual who is not a CPA but has supported or promoted the activities of CPAs and the WSCPA.
Outstanding Volunteer Leader AwardRecognizes an active member for outstanding service and dedication and/or innovative and inspirational WSCPA leadership.
New Professional AwardRecognizes an active member who has been a CPA for fewer than ten years for outstanding WSCPA leader-ship.
Rising Star AwardRecognizes a member who is in the process of obtaining a CPA License for active WSCPA leadership, dedica-tion, and service.
WSCPA AWARDSSubmit your nomination now!www.wscpa.org/community/awards/nomination-form
16 17WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
16 17WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
NEWS BRIEFS
Find a CPA Referral Service: Easy Marketing For Your FirmSign up today at www.wscpa.org (click “Find a CPA”)
Was the public able to easily find your firm this past tax season? Are you look-ing for ways to attract new clients? Now is a great time to enroll your firm in the WSCPA Find a CPA Referral Service and expand your client base.
For just $175 your listing will be enrolled for a full year. This service does far more than any ordinary phone book listing. Not only does this service make it easy for new clients to find your firm, but it also highlights the services and areas of expertise offered by your firm.
The WSCPA referral service is a great source of new clients looking for services
in industries that match your firm’s expertise. Rather than using directory assis-tance to find a CPA, potential clients feel comfortable about their referral from the WSCPA because they are able to view information about services offered by your firm. To enroll in the service visit www.wscpa.org > Find A CPA.
If you have questions, call (425) 586-1142, or toll-free in Washington at (800) 272-8273, Ext. 1142, or send an e-mail to [email protected].
Enroll now for a full year for just $175New!
The WSCPA holds in memory with families and the larger community, these members who have recently passed on:
In Memoriam
William R. Bergquist, MBAPaul F. Carroll, Jr.Richard F. ClarkeJudith Ann Harding, CPAWallace E. Post
IN MEMORIAM:
Richard ClarkeRichard (Dick)
F. Clarke, 1983-1984 Board Chair ofxthexWSCPA, passedxawayxJuly 30, 2014. He was 84.
He was born Dec. 9, 1929, in San Diego,xCalifornia and was raised in Portland, Oregon. In 1952 he earned a B.S.B.A. degree and minor in Forestry at Oregon State University. He met his wife Donna in college. They were married 62 years, had three children, and lived in the Ravenna area of Seattle area for more than 50 years. A veteran of the Korean War, Dick was a CPA partner of Benson & McLaughlin until retirement.
He was an active member of the WSCPA, serving on the Professional Conduct Committee and teaching sem-inars. He served as Chair of the Building Committee which, in 1977, recom-mended that the Society acquire a building. Following years of work, negotiations, disappointments, and finally success, the WSCPA building was completed in the spring of 1983.
SPECIAL MEMBER DISCOUNT FROM CCH
Save 25% on U. S. Master Tax Guide 2015 when You Order Online
Tax season is just around the corner. Order the U.S. Master Tax Guide through the WSCPA and save 25% off the $97.25 list price! Place your order online and the WSCPA member price is just $72.94 plus tax and shipping. You will not be billed until after the book ships. (Cancel before shipment without charge.) An e-Book option
is now available; download to your computer instantly once the book becomes available.
The 2015 edition will con-tain timely and precise expla-nations of federal taxes for individuals, corporations, part-nerships, estates and trusts.
To order, please visit www.cchgroup.com/members/
WSCPA. The discount code Y5596 will be applied to your order at checkout. Save up to 40% on other CCH top tax and accounting titles. Use the link above
and scroll down to view Current Book Specials.
www.cchgroup.com/members/WSCPA
18 19WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
NEWS BRIEFS
Join the conversation! Are you a member of the WSCPA group on LinkedIn? Join the conversation today! Plus, follow WSCPA news and find event photos on Facebook and Twitter. You may have missed the following discussions, news and posts:
Connect with fellow members, and participate in discussions at
www.wscpa.org (click “in” icon at the bottom of the homepage)
Like the WSCPA on FacebookWashingtonCPAs
Follow the WSCPA on Twitter@wscpa
Twitter FacebookLinkedIn
Do you have experience with Axium Ajera or Clearview InFocus, or could you recommend a similar accounting software package?
Advice needed on foreign income exclusion “Bona Fide Residence” audit
Need direction on preparing Grantor Trust Financial Statements for a bank
Society Mailing List Policy
Update Your InterestsWhat’s your area of interest? Taxation, auditing, not-for-profit, fraud,
health care industries? Please take a moment to update your areas of interest in your
MyWSCPA profile online at www.wscpa.org. When you update your areas of interest, you are providing the Society with information to better serve your needs.
If you need assistance logging in to the website, please call (425) 644-4800 or send an email to [email protected].
v l Choose Manage My Interests
The Society does not sell member e-mail
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18 19WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Register now! www.wscpa.org/cpe/ethics (425) 644-4800
WashingtonState Eth ics
Washington State CPA Ethics and New Develop-ments by Mark Hugh (A WA Requirement)
Nov 18 Vancouver
Dec 5 Bellevue
Dec 10 Bellingham
Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement)
Nov 10 Bellevue
Nov 18 Kennewick
Nov 19 Spokane
Dec 1 Lynnwood
Washington CPA Regulatory Ethics by James Rigos (A WA Requirement)
Nov 11 Tacoma
Dec 12 Seattle
Mar 19 Bellevue
Ethics CPE approved by the Washington State Board of Accountancy
Prefer to take your ethics credits from your home or office? Take a WSCPA ethics webcast: www.wscpa.org/cpe/ethics
Mark Hugh Tom Neill Jim Rigos
Football is back!
I schedule my CPE during the week so I can focus on my teams during the weekend. Every weekend.
Football Frank, CPA
Are you pumped up for football this fall? lethics CPEll
20 21WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
20 21WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
AFFORDABLE CARE ACT
7 Biggest Myths About Affordable Care Act Strategies in 2014By Dan Fisher, CPA, CGMA
As a self-proclaimed health care reform specialist, I see and hear many misconceptions about how
the Patient Protection & Affordable Care Act (ACA) affects Washington State employers. Some of this comes from assisting clients as the open enrollment season approaches. Most of these, how-ever, come from elsewhere in the insur-ance and benefits marketplace where all kinds of crazy ideas and wild assump-tions exist. I am certainly not the ultimate authority on health care reform nor am I an attorney, but as a CPA/CGMA serving as the WSCPA’s benefits broker and con-sultant, I am on the front lines and have learned a great deal that can help you and your clients.
1. Obamacare is going to be repealed.
Yes, I still hear this a lot. No, the ACA isn’t going away. And ignoring the politics for a moment, we really don’t want the ACA to go away either. Too many provi-sions are either way too popular (elimi-nation of pre-existing condition limits is the big one) or so embedded into the health insurance industry (like the limits on waiting periods and lack of annual and lifetime limits on coverage) that they are beyond reproach and will survive future political wars. What may happen after the next election is anybody’s guess, but the most likely outcome is a challenge to the funding of the public exchanges. Without substantial federal premium subsidies and coverage credits, these public exchanges will likely cease to exist. Even if that did happen in the next few years, most of the insurance reforms and employer requirements are here to stay. So if your employer or employer client is still using the ACA turtle shell strategy – good luck with that.
2. The Affordable Care Act is going to make health care
more affordable. No, it isn’t. The ACA has been and will
remain a colossal undertaking for us all. It has changed all the rules of employee engagement and it has an effect on every American. But like most federal legisla-tion that deals with employee benefits, it is mislabeled. Just like HIPAA has nothing to do with Portability and COBRA isn’t about snakes, the ACA isn’t about making health care affordable; it’s about health insur-ance reform. Health care reform may be crowding out other topics in the board room, but health care costs are the elephant in the emergency room. Costs are going up and the ACA isn’t going to do anything to help. (PCORI is a valid start – not an end solution). The sooner employers get back to health care cost containment strategies and put ACA compliance issues to rest, the more pro-ductive and profitable they will be.
3. The ACA says I have to offer health insurance to my full time employees.
No, it doesn’t. Nowhere in federal law (not even ERISA) does it state “thou shalt offer health insurance.” What it does say is that if you are a large employer and don’t offer coverage, you are going to
pay a penalty. It also says if you do offer a health plan, you and your insurer must follow a bunch of rules (old and new) to avoid the fines. Employers with fewer than 50 employees don’t face these “shared-responsibility” payments (don’t you love how the regulators avoid call-ing them penalties?). There are transi-tional relief rules in place that will spare some employers with up to 100 full time employees from the penalties for another year. Offering a health plan is an employee benefits strategy that can significantly affect an employer’s ability to attract and retain talent. However, it is only one strategy and not a legal requirement. This is an important distinction because there are a lot of employers out there hanging onto health plans that are too expensive and have out-of-pocket maximums that would bankrupt most of their employ-ees. I call this the Dead Horse strategy: employers riding “dead horse” health plans because they feel they don’t have options. They do have a choice and for some employers, that means dismount-ing from a health plan that is already use-less. On the other end of the spectrum, many employers are enhancing their health plan offerings because what was becoming just an expensive commodity (a decent employee health plan) is now a significant differentiator for an “employer of choice.”
4. Grandfathering prevents my employer plan from being penalized.
No, it doesn’t. There is really only one reason to even consider hanging onto a grandfathered plan: it may allow a fully insured health plan to continue discriminating in favor of highly com-pensated individuals for another year or so. Nondiscrimination rules “similar to” IRC Section 105(h) have been pended for now. If and when they apply to fully insured health plans, an employer can
No, the ACA isn’t going away. And ... we really don’t want the
ACA to go away either.
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AFFORDABLE CARE ACT
avoid those fines for a while. That’s about it. The rest of the ACA provisions that a grandfathered plan can postpone are actually ones you want to adopt. But the more damaging part of the grandfather-ing strategy is that it doesn’t protect you from the other employer ACA require-ments and penalties. And a plan that hasn’t changed since March of 2010 (a requirement to remain “grandfathered”) is going to be much more expensive than a plan that has kept up with current designs, network changes, wellness incen-tive trends and other cost containment strategies. So while an employer who favors their executives in a grandfathered fully-insured health plan (lower or no premium contribution, a shorter wait-ing period, offering a better plan design, paying for dependents or a few months of COBRA, etc.) can temporarily avoid discrimination testing and penalties, they are also prevented from adopting more favorable strategies.
5. I can drop my group medi-cal plan and adopt a Health Reimbursement Arrange-ment (HRA) that will allow my employees to use tax-free money to pay for their own coverage through the State Exchange.
No, you can’t. An employer cannot pay for individual coverage on a tax- preferred basis in lieu of offering a group plan (see IRS Notice 2013-54). And cov-erage through the public exchanges is currently individual – not group. Stand-alone HRAs for retiree medical plans are permissible, but it ends there. There are many variations of these plans and they usually have an official sounding name and the promoters have a letter from an obscure, out-of-state law firm as proof that this is viable. It isn’t, and the fines are steep. It’s a very similar pitch to the old-school “advance reimbursement” or “double dip” schemes that pop up now and again. So, you can drop your group plan and you can encourage employees to find their own coverage through other means – including public exchanges – and you can raise taxable wages to assist
these employees. But don’t try and write off the individual policy premiums or any contributions that may go towards them.
6. An employer can offer cash to an employee who declines the employer’s offer of afford-able, minimum value coverage.
Probably not. And you are definitely going to want to involve your legal coun-sel before proceeding with anything that even smells like an opt-out payment. The strategy is pretty simple: an employer may reduce enrollment in its medical plan and still be treated as offering an affordable, minimum value plan (MVP) and thus avoid ACA employer penalties. The problem is the tax code may treat a cash “opt-out” payment as an employee contribution – not an employer contribution. Even so, I really don’t want these opt-out strat-egies spreading for two reasons. First, the employer has to communicate and implement the incentives very carefully so they aren’t targeting individuals with high claims (the very people who need the coverage most and drive up the costs the highest). An employer could easily violate ERISA (which prohibits discrimi-nation based on health factors), Medicare Secondary Payer rules, HIPAA and the Americans with Disabilities Act by offer-ing opt-out payments or waiver incen-tives. The second reason this approach doesn’t sit right with me is that there are much better strategies for offer-ing affordable, MVP-compliant coverage and still controlling enrollments to meet the employer’s budget. For example, an employer can use a “wellness straddle” strategy to make their plan affordable yet
still collect waivers instead of enrollment applications. Now that the major insur-ance carriers in Washington State are no longer applying minimum participation requirements to all employers (yes, you read that right), collecting waivers can be a very effective strategy for containing costs. Just be very careful how it’s done.
7. The ACA will effectively force most employers to drop their health plans.
I like this one because it allows good advisors to discuss the many effective approaches that debunk all the myths and support employers that want to offer great health benefits as an effective workforce recruitment and retention strategy. Self-funding, high-value provider networks, private exchanges, reference based (Medicare plus) reimbursements, independent hospital bill audits, incentiv-ized wellness, integrated HRAs, onsite clinics and even telemedicine are all viable and exciting strategies that work and are worth exploring.
Dan Fisher, CPA, CGMA, is CEO of EmSpring, an employee benefits and consultingxfirmxthat specializes in creative, compliantxemployee benefitxplans, par-ticularly self-funded medical plans. A past
president of the Washington Society of CPAs, Dan is a popular presenter to WSCPA chap-ters, professional HR groups and attorneys on health care reform due to his straightfor-ward explanations and real-world insight into how the complex law affects employers and consumers. EmSpring has offices in Bellevue, Yakima and Spokane.
Learn more Affordable Care Act - Key Issues for Employers WEBINARDecember 29 | January 21
Affordable Care Act - Key Issues for Individuals WEBINARJanuary 21 2 CPE credits each
An employer cannot pay for individual coverage on a tax-preferred basis in lieu of offering a group plan (see
IRS Notice 2013-54).
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ADVOCACY
Putting CPAs in the Minds of Decision MakersBy Kimberly Scott
IIf people like you they’ll listen to you, but if they trust you they’ll do business with you,” said Zig Ziglar, author, sales-
man, and motivational speaker. During the past few weeks and months,
many WSCPA members and grassroots volunteers, along with the Society’s advo-cacy team, have been meeting, greeting and learning, all in an effort to build rela-tionships and trust.
Grassroots Committee Volunteers
During the past few months, some engaged and willing members personally delivered 87% of this year’s CPA PAC contributions to legislators, while creat-ing or deepening valuable relationships in their communities.
Thank you to everyone that volun-teered to help! The connections that both returning and new volunteers have made will go a long way in supporting the advocacy efforts of the WSCPA.
If you are interested in being a part of the grassroots committee, please let me know. By being a part of this committee you will receive information about devel-opments in the state and at a national level. You will also be invited to help create essential relationships with legisla-tors and attend functions.
Budget While delivering PAC contributions,
grassroots volunteers asked this of leg-islators: “What do you feel are the most important challenges for this upcoming legislative session?” It is probably not sur-prising that the budget is on their minds. No one knows for certain what options will be presented to fund K-12 education, higher education, transportation or vari-ous other issues facing Washington State. During the next session, we will be moni-toring closely budget discussions and the options presented for increasing revenue or providing new revenue sources and
how they might affect the profession. Many of you may remember hearing
about a potential sweep of Washington State Board of Accountancy (WBOA) funds last session. Thanks to members rising to the call of action to contact their legislators, the funds remain with the WBOA. We are proactively address-ing the funds this year and will keep you updated on developments as they occur.
Private Investigator StatuteSome members, particularly those
who are Certified Fraud Examiners (CFE) or who hold Certified in Financial Foren-sics (CFF) credentials, have expressed concern about the statute that governs Private Investigators.
Some people feel that language in the statute could be interpreted to require a P.I. License if you are performing foren-sic analysis of financial data to deter-mine whether fraud or wrongdoing has occurred. Since these activities are a tra-ditional part of a CPA practice there is an effort to obtain an exclusion in the stat-ute for CPAs.
Currently 12 other states have been successful in getting an exemption for CPAs. We have discussed this issue with our local Private Investigator association, and they too support an exemption for CPAs. It is expected that it will be pos-sible to secure the exemption and the statute change this year. We will keep you informed of developments in this area.
CPA CanadaIn September the WSCPA hosted
representatives from various accounting organizations—National Association of State Boards of Accountancy, CPA Canada, American Institute of CPAs, WBOA and Institute of Chartered Accountants of British Columbia (ICABC)—to discuss the new CPA (Chartered Professional Accountants) credential in Canada.
Under the new credential in
Canada, currently licensed CAs, CMAs (Chartered Management Accountants), and CGAs (Chartered Government Accountants) have been grandfathered in to the credential Chartered Professional Accountant (CPA). For the next 10 years those grandfathered in will need to use language such as “CPA, CA” or “CPA, CGA” on their business cards. However, candidates who pass the new exam will be able to use the CPA title. Since this could possibly cause confusion for the public, cross border communications will be increased to ensure the public is pro-tected. Although it appears the standard of the new credential is closely aligned to the standards of our US CPA credential, there are areas of expertise that would require additional exams on both sides.
The WBOA and the ICABC already have a great relationship, and during this meeting initial arrangements were made that will hopefully pave the way to better mobility between Washington and Canada for our constituents.
The relationships that have been started this year may allow us to be heard, and to help provide expertise when nec-essary. At the very least, they put CPAs in the minds of the decision makers in this state. I am certain we will see many more topics arise after elections and when session starts. Given the tasks ahead for our legislators, we can assume there will be changes this year. Hang on, it is about to start!
Kimberly Scott, CAE, is WSCPA Vice President of Member Services. You can contact her at [email protected].
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BECOMING PARTNER
With up-front financial and career planning, partnership opportunities with account-
ing firms become feasible and less mys-terious. There are often opportunities to “make partner” at these firms, but it’s important to outline the steps to get there. One important step could be the financial buy-in.
Oftentimes motivated profession-als who aspire to firm partnership and leadership also face competing demands on their finances. One of these is the rising cost of higher education, leaving many credentialed professionals with a high level of student debt, and repayment plans well into mid-career. Add this to financing a partner investment, and the financial cost can seem overwhelming.
As a candidate enters a firm’s part-nership track, there are several consid-erations in addition to education and experience, including:
• Planning ahead for the financial obligation of ownership,
• Maximizing your value to the firm,
• Considering non-equity partner vs. equity partnerships, and
• Developing long term relation-ships with key advisors.
Planning Ahead for the Finan-cial Obligation
For young professionals, repaying student debt is often top-of-mind. The national average for aggregate student loans with an undergraduate degree in 2013 is $29,400, according to the Insti-tute for College Access and Success Proj-ect on Student Debt, up from $25,350 in 2011. Graduate students specializing in finance can hold well over $100,000 in total debt. You’ve chosen a good profes-sional field – while the current overall average starting salary for college gradu-ates is $45,473, average starting salaries in public accounting are currently $52,900
Knowing What It Takes to Make PartnerBy Mike Paul
according to the National Association of Colleges and Employers.
Though it varies by firm, the oppor-tunity for partnership typically comes with eight to 11 years of experience in the profession. For many, this time easily coincides with the expense of family and household formation, and is when candi-dates have significant earnings potential, yet still modest net worth. Family dynam-ics can play a part as well. As opportu-nities for annual bonuses arise, strive to direct these dollars toward the future partnership opportunity.
At a mid-sized accounting firm, the financial commitment may range widely for equity partner, and terms can range as well, often depending on the capi-tal requirements for benefit of retiring
partners. Some firms provide a number of years to finance the partnership, with repayment to be withheld from draws. Some firms require an up-front sum, with annual instalments due over five to seven years. Begin planning with an advisory at least two to three years before actively pursuing partnership. Preparation eases the way for the firm’s partnership review process.
Maximizing Your Value to the Firm
Many firms now take the time to evaluate candidates as early as during the internship process. Firms who are willing to make an investment in early recruit-ing are looking to build loyalty with new associates. There are a number of crite-
As a candidate enters a firm’s partnership track, there are several considerations in addition to education and experience.
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BECOMING PARTNER
ria applied to assess partner candidates, beyond time of service. Technical exper-tise in a niche or specialty area, loyalty, managerial aptitude and the ability to attract new work are all important ele-ments of partnership consideration.
Please note that the partner review pro-cess may take a few years and candidates may be given feedback by an executive committee to work on certain elements of responsibility for full consideration.
Consider Non-Equity Partner vs Equity Partnerships
Some accounting firms offer an option for achieving partnership ahead of, or an alternative to, being offered equity part-nership. This can provide an increased salary or earnings which can be directed toward financing the future equity part-nership. Larger firms often have a more rigorous candidate application process, which needs to be arranged and finalized prior to meeting with the managing part-ner or executive committee of the firm. In some cases, firms may require a can-didate to first hold a non-equity partner position, while continuing to be evaluated for equity partnership.
Developing Relationships with Key Advisors
Request advice from a mentor or firm partner, with the goal of future owner-ship. Together, break down the barriers and establish a plan to prepare for the challenge. Bankers and accountants live in a financial “glass house.” Much like bank-ers are expected to keep order in their financial and credit dealings, accountants are also expected to be able to plan and budget for current and future obligations. You chose this profession for a reason – best wishes in suc-cess and fulfillment over your career.
Mike Paul is Presi-dent and CEO of Plaza Bank, Seattle. He can be reached at (206) 436-7621 or [email protected].
Some accounting firms offer an option for achieving part-nership ahead of, or an alter-native to, being offered equity partnership. This can provide an increased salary or earn-ings which can be directed toward financing the future
equity partnership.
26 27WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
CORPORATE ETHICS
When asked about their values, the vast majority of compa-nies can provide a document
they would describe as a code of ethics or conduct. However, research suggests a possible disconnect between compa-nies’ stated intentions and the degree to which they truly value ethical behavior.
Here are five steps that companies can take to ensure that their corporate ethics policy is effective and becomes embedded in the company culture. Also included are practical examples of the various ways organizations have accom-plished this task.
1 Code of ethicsThe essential elements of a code
include assurances of support for the policies from organizational leadership, practical guidance on what is expected regarding ethical issues, commitments concerning stakeholder relationships, example Q&As, scenarios or decision trees, details of how the code will be implemented and monitored, and the consequences of misconduct. Signposts to further support, advice and other rel-evant policies should also be included.
2 Communication and awareness campaigns
This is a continuous process. Com-munication of a company’s ethics policy never ends.
To engage employees and raise aware-ness of ethical decision-making, Cisco Systems created “Ethics Idol,” a cartoon parody of the reality television singing contest American Idol. In each episode, animated contestants sang about a par-ticular ethical dilemma or situation, which was then commented on by a panel of Idol-esque judges. After watching the show on the company’s intranet, viewers were asked to vote on which of the judges had given the appropriate response to the situation. At the end of each section,
Implementing an Effective Corporate Ethics Policy By Tanya Barman and Samantha White
the organization’s ethics officer revealed the correct answer based on official com-pliance standards.
Research shows that most companies’ efforts tend to fail after step two.
3 Training and reinforcementMost organizations now offer online
anti-bribery training. On its own, this is not enough; companies shouldn’t be comforted by a tick-the-box mentality. There is no substitute for face-to-face, qualitative training with wider discussion and debate of understanding and practi-cal application.
Discussion of scenarios can help employees explore ethical issues in train-ing sessions. For example, Stryker, a medi-cal device producer, reviewed events that had taken place within its industry and built a set of fictionalized scenarios based on them. To provide context, Stryker cre-ated a hypothetical organization with a back story, mission and an organization chart. Employees were presented with a scenario based on this background and
were asked to go through the company’s code of ethics to identify which of the standards were being broken in that case. After the discussion, it was revealed to participants that all of the scenarios had actually taken place in the sector in the past, helping to bring the training home.
4 Supporting context and culture
This involves having the “ethical architecture” in place to support a living, breathing code. That architecture includes outlining policies and regula-tions in employee contracts and supplier agreements, identifying individuals and boards who are accountable for out-comes, creating ongoing awareness-rais-ing programs, opening discussions with feedback and having oversight and moni-toring procedures in place. Taking action against wrongdoing and communicating the action taken to staff is an important element of this.
More companies are including ethics-related criteria in performance reviews.
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CORPORATE ETHICS
Ethical Management ChecklistHere’s a checklist of reflective questions for finance professionals relating to
the management of ethics. It can be found in the Essential Tools for Management Accountants at www.cgma.org/Resources/Tools/essential-tools/Pages/list.aspx.
The questions serve as a foundation for reflection. CGMA designation holders must consider and comply with their employer’s policies as well as ensure they uphold the code of conduct of the membership organization to which they belong. A CGMA designation holder who is a member of the American Institute of CPAs (AICPA) must comply with requirements set out in the AICPA Code of Professional Conduct as well as any rules his or her state board of accountancy may have on the matter, and Chartered Institute of Management Accountants (CIMA) members are required to uphold the CIMA Code of Ethics. Also see tinyurl.com/79u5qxp.
1. Does your organization have an ethical statement/code of conduct/code of ethics? If yes, does it reflect your professional obligations?
2. Does your organization currently communicate its ethical business practices and commitment to responsible business? If yes, how?
3. Are your statements for responsible business monitored and verified? If yes, how and by whom?
4. Does your organization include a session on ethics and responsible business in its induction program for all staff?
5. Is this featured in ongoing training?6. Are you aware of what categories of ethical information are gathered in your
organization? If yes, are there any omissions?7. Do you know who in your management team uses ethical data? Who else
might benefit from using ethical data, and how do you work together?8. Does your board/chief executive/CFO take responsibility for ethical perfor-
mance? If no, what role should they take?9. Are staff rewarded/disciplined in relation to ethical performance?10. Is someone in the organization responsible for gathering or analyzing ethical
performance information?11. Does ethical data gathered within your organization help inform business
decisions and business success?12. Does your organization have an anti-bribery policy? If yes, is your anti-bribery
policy promoted/enforced? How?13. Does your organization have a whistle-blower/speak-up line? If yes, how is it
communicated, and how are reports acted upon?14. Does your organization have an open-door policy between management and
other employees to promote openness and transparency?15. Do you feel confident that you and your team can maintain objectivity and
integrity as well as avoid conflicts of interest? What steps can you take to ensure you do?
16. Would you know what steps to take if you were asked to do something that challenges your ethical standards?
17. Have you undertaken professional development to improve your skills in gathering, understanding and using non-financial information to benefit your organization? If yes, what other professional development in regard to ethical performance would you benefit from?
Copyright © 2011-2014 American Institute of CPAs. Copyright © 2011-2014 Char-tered Institute of Management Accountants. All rights reserved. Reprinted with permission.
For example, management accountants might be asked whether they challenged or raised and resolved an issue or an area of concern that could lead to fraud. For managers, does your team escalate issues and ask for clarification?
Siemens’s strategy is to focus on bridging the communication gap between senior management and employees at the lower levels of the company. In the 2013 financial year, the company introduced “integrity dialogues” in which compli-ance refresher training is cascaded down through the company. Compliance offi-cers provide training to the senior man-agement of each business unit, who then train their own direct reports and so on. Individual operating units within the com-pany enhance their training activities with additional topics that address challenges specific to them. In this ongoing part of the practice, leaders talk about integrity and explain how they themselves “walk the talk” in terms of how they do busi-ness. The dialogue is carried through to every sales meeting to bring about an open discussion on ethical issues and how they should be handled.
5 Monitoring and accountability
Effective speak-up arrangements, such as anonymous helplines, through which employees, contractors and other third parties can raise concerns in confidence about unsafe, unethical or unlawful prac-tices are an important element of good corporate governance. A key component of these arrangements is that staff feel comfortable that they can raise issues without fear of retribution. Some com-panies report the number and nature of queries raised internally to the board and executive committee and include the information in company newslet-ters. Some provide a breakdown of the reports by country and as a percentage of the workforce. Enlightened companies now communicate internally about disci-plinary actions taken when wrongdoing occurs.
Some companies make this informa-tion public. Beverage company Diageo’s
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CORPORATE ETHICS
annual sustainability report details the number of suspected breaches of the company’s code of ethics (743 in 2013), how many of these were later substan-tiated (376) and whether they were reported through the speak-up hotline (242) or raised directly with a line man-ager or the compliance department, for example. The report also states that 116 people exited the business in 2013 as a result of breaches of the company’s code or policies.
Reporting in this way provides evi-dence that the company has procedures in place that are actually used and are effective in managing ethical misconduct. According to the report, Diageo rou-tinely shares examples of breaches that have recently occurred or testimonials from colleagues who were tempted to do the wrong thing yet made the right decision. The company also keeps track of employees’ perceptions of integrity
within the company through asking ques-tions in a values survey.
The litmus testThe real litmus test of whether your
ethics policy is working and embedded is if an employee feels comfortable enough to speak up if he or she has a concern and whether he or she believes the com-pany will respond and, if need be, take appropriate action.
Once an ethics policy is securely embedded in your company, you also have to take into account the wider value chain. Today’s complex and extended supply chain has significant implications for organizations’ ethical, governance and risk-management policies and practices.
Therefore, it is advisable to conduct due diligence on new and existing sup-pliers alike, engaging them in ongoing discussions regarding your standards and contractual expectations.
For example, to engage a supplier base spanning 70 countries, UK-based retailer Marks & Spencer holds regular face-to-face meetings with partners as well as an annual conference. The company has a website where suppliers can access tools, guidance and incentives.
Helping to raise standards and aware-ness through the chain is beneficial for all. After all, good companies keep good company.
This article first appeared in the June issue of CGMA Magazine. For more articles, sign up for the weekly email update from CGMA Magazine at http://bit.ly/UZ07NC.
Reprinted with permission.
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WASHINGTON CPA FOUNDATION
Meet Tina Chen:2014 Foundation Scholarship Recipient
Get to know the 2014 student scholarship winners with a new series of videos. A new video will be released every two weeks, so stay tuned for some amazing testimonials from a standout group of aspiring CPAs!
View Tina’s video at www.wscpa.org/foundation/videos
2015 Scholarship Applications Now AvailableDeadline: February 1, 2015
www.wscpa.org/become-a-cpa/scholarships
CONTRIBUTE NOW at www.wscpa.org/foundation
Your contribution to the Washington CPA Foundation, a 501(c)(3) organization, is tax deductible.
“You’re making a huge impact
in students’ lives. Thank you!”
30 31WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
EVENTS
Networking events2014
SPOKANENovember 6 Chateau Rive - Spokane (15NPNV06)
SPONSORS
HAPPY HOURS Free casual networking events with free light appetizers. Registration optional.
January 13 , 2015 Save the date!
Premier Partners
Key Partners
Supporters
Friends
Register now www.wscpa.org/eventsWant to help plan future events or become a sponsor? Contact Amy O’Donnell at [email protected]
CONTRIBUTE NOW at www.wscpa.org/foundation
Members $25 | Non-members $30
CHAPTERSDecember 2December 2
Wicked Cellars Winter Wine Tasting, Everett (15CHSNDE2)Networking at R-Jay’s Scoreboard, Federal Way (15CHSKDE2)
Fees and registration policies vary.
SEATTLENovember 19 Leadership Lens Breakfast: What Kind of Corporate Animal are You?
(15NWNV19) - Renaissance Seattle Hotel $40 - 1.5 hrs CPE
32 33WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
CPE Digest
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EVENTS BY LOCATION WSCPA education and events scheduled for November 2014 - January 2015 are listed below, chronologically by location.
If you are looking for a program in another location, it may be scheduled for later in the year.
Using the online CPE & Event Catalog at www.wscpa.org/cpe/catalog, you can search by location.
LEARN MORE To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/cpe/catalog.
SUBJECTS The main subject area is listed for each program.
NEED HELP finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800. Ø
NEW CPE events added throughout year to:
www.wscpa.org/cpe/catalogA&A Accounting and AuditingCS Consulting ServicesEB Employee BenefitsPFP Estate/Financial Planning
Ethics EthicsGNP Government / NFPMG ManagementPD Personal DevelopmentSK Specialized Knowledge
TAX TaxationTEC Technology
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
Bellevue
11/5 8 Advanced FASB Review: Complex GAAP Issues, 8AM-4PM 15AFASBNV 295 370 -30 WSCPA A&A
11/5 8 Proposed Accounting for Leases and Revenue Recognition: What it Means to Your Firm/Company, 8AM-4PM
15ALRRNV 295 370 WSCPA A&A
11/6 8 Fair Value Accounting, 8AM-4PM 15FVANV 295 370 -30 WSCPA A&A
11/6 8 Slashing Taxes for Your Small Business Clients: Corporations, Partnerships & LLCs, 8AM-4PM
15STSBNV06 295 370 -30 WSCPA TAX
11/7 8 IFRS vs. GAAP: What are the Differences? 8AM-4PM 15IUSANV 295 370 -30 WSCPA A&A
Webast also available 15WBWIUSA 265 340 -30 Webcast
11/10 4 E Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8AM-11:30AM
15ETTNNV10 185 220 WSCPA Ethics
11/11 8 Internal Control Best Practices for Small and Medium-Sized Entitles, 8AM-4PM 15ICSMNV 295 370 -30 WSCPA A&A
ç 11/12 8 THE PROCESS OF RECOVERY Income Tax Reporting and Income Tax Benefits, 8AM-4PM
15PRTRNV 305 385 WSCPA TAX
11/12 8 Digging Deeper with Data Analysis, 8AM-4PM 15DDDANV 295 370 -30 WSCPA A&A
11/13 4 Imputed Interest and Original Issue Discount, 12:30PM-4PM 15II0NV 150 185 WSCPA TAX
11/13 4 Interest Expense in Depth, 8AM-11:30AM 15IEDNV 150 185 WSCPA TAX
11/13 8 Excel Best Practices, 8AM-4PM 15EBPNV 295 370 WSCPA TEC
11/14 4 Section 83-Property for Services, 8AM-11:30AM 15S83NV 150 185 WSCPA TAX
11/14 8 QuickBooks for Accountants, 8AM-4PM 15QBPNV 295 370 WSCPA TEC
11/14 4 Character of Income, 12:30PM-4PM 15COINV 150 185 WSCPA TAX
11/17 8 New “Repair Regs”-Sec. 263, 8AM-4PM 15NRRNV 300 375 WSCPA TAX
11/17 8 CFO Series-Bank Financing and Financial Statement Analysis, 8AM-4PM 15CFOSBNV 295 370 WSCPA MG
11/18 8 Preparing Complex 1040s, 8AM-4PM 15PCRNV 300 375 WSCPA TAX
11/18 8 Creating Great Budgets: Maximizing Profits, People, and Power, 8AM-4PM 15CSCBNV 295 370 -30 WSCPA MG
11/19 8 Lean Accounting: Higher Profits by Streamlining Operations, 8AM-4PM 15LAMANV 295 370 -30 WSCPA MG
11/20 8 Washington State Community Property and Estate Tax Law Update, 8AM-4PM 15WKCPNV20 295 370 WSCPA TAX
11/20 4 Vacation Home, Business Use of Home and Hobby Losses, 12:30PM-4PM 15VHBNV 150 185 WSCPA TAX
11/20 4 Discharge of Debt Rules, 8AM-11:30AM 15DODRNV 150 185 WSCPA TAX
32 33WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
11/21 8 Like-Kind Exchanges and Involuntary Conversions, 8AM-4PM 15EXCHNV 295 370 WSCPA TAX
11/24 8 Create Reports that Matter:-Turn Information into Action, 8AM-4PM 15CRMNV 295 370 WSCPA MG
11/24 8 What’s next: 10 Success Factors to Best Manage Retirement, 8AM-4PM 15WNSFNV 295 370 WSCPA SK
11/25 8 Only Financial Officer-Skills for Smaller Company Financial Managers, 8AM-4PM 15OFONV 295 370 WSCPA MG
12/1 8 Alternative Minimum Tax (AMT), 8AM-4PM 15AMTDE 300 375 WSCPA TAX
12/1 8 Washington Tax and New Developments by Mark Hugh, 8AM-4PM 15WSTXDE01 295 370 WSCPA TAX
12/2-3 16 Tax Staff Training-Level 2-Business, 8AM-4PM 15TSTBDE 515 630 WSCPA TAX
12/2 8 The Best S Corporation, Limited Liability and Partnership Update Course, 8AM-4PM
15BCPEDE 310 385 WSCPA TAX
12/3 8 Tips and Tricks for Handling IRS Disputes, 8AM-4PM 15DIRSDE 295 370 -30 WSCPA TAX
Webcast also available 15WBWDIRS 265 340 -30 Webcast
12/4 8 Annual Tax Update: Corporations and Pass-Through Entitles, 8AM-4PM 15ATCPDE 295 370 -30 WSCPA TAX
12/4 4 What Board Treasurers Need to Know, 8AM-11:30AM 15WBTNDE 145 180 WSCPA GNP
12/5 4 E Washington CPA Ethics and New Developments by Mark Hugh (A WA Require-ment), 8AM-11:30AM
15ETMHDE05 185 220 WSCPA Ethics
12/5 8 Fraud Conference, 8AM-4:20PM 15FDC 270 345 Meydenbauer Center SK
12/8-9 16 Information Technology Conference, 8AM-4PM 15ITC 615 690 Meydenbauer Center TEC
12/8 8 Advanced Tax Strategies for LLCs and Partnerships, 8AM-4PM 15DTTDE 295 370 -30 WSCPA TAX
12/8-9 16 Partnership Taxation, 8AM-4PM 15PTSDE 505 620 WSCPA TAX
12/9 8 Taxation for Individuals Living Abroad, 8AM-4PM 15TILADE 295 370 -30 WSCPA TAX
Webcast also available 15WBWTILA 265 340 -30 Webcast
12/10 8 Fundamentals of Trusts: What You Need to Know, 8AM-4PM 15FATDE 295 370 -30 WSCPA TAX
12/10 8 CFO Series-Financial Statement and Cash Flow Forecasting and Modeling, 8AM-4PM
15CFOSFDE 295 370 WSCPA MG
Webcast also available 15WBWCFOSF 265 340 Webcast
ç 12/11 8 The 8 Hour MBA-Adding Value, 8AM-4PM 15MBAAVDE 295 370 WSCPA MG
ç 12/12 8 The 8 Hour MBA-Business Strategy, 8AM-4PM 15MBABSDE 295 370 WSCPA MG
12/15 8 Gaining and Sustaining a Competitive Advantage: Keys to Boost the Bottom Line, 8AM-4PM
15GSCADE 295 370 -30 WSCPA MG
12/15 8 Passive Activity Losses A to Z, 8AM-4PM 15PALDE 295 370 WSCPA TAX
12/16 8 Fiduciary Income Tax Returns-Form 1041 Workshop, 8AM-4PM 151041DE 310 385 WSCPA TAX
12/16 4 Imputed Interest and Original Issue Discount, 8AM-11:30AM 15II0DE 150 185 WSCPA TAX
12/16 4 Unraveling the At Risk Rules, 12:30PM-4PM 15UARDE 150 185 WSCPA TAX
12/17 8 Form 990: A Comprehensive Approach to Accurate Preparation, 8AM-4PM 15EOF990DB 295 370 -30 WSCPA TAX
12/18-19 16 Accounting and Reporting Standards: An Update and Review of GAAP, Special Pur-pose Frameworks, Comp, Review, and Auditing Standards by Walter Haig, 8AM-4PM
15ARSURDE 570 685 WSCPA A&A
Webcast also available 15WWARSURD 510 625 Webcast
12/22 8 Auditing Standards Update and Review by Walter Haig, 8AM-4PM 15AUURDE 315 390 WSCPA A&A
12/22 8 S Corporations: Key Issues, Compliance, and Tax Strategies, 8AM-4PM 15SCORPDE 295 370 -30 WSCPA TAX
Webcast also available 15WBWSCORP 265 340 -30 Webcast
12/23 8 The Personal Financial Health Checkup: A Process on How to Become Financially Self-Sufficient by Walter Haig, 8AM-4PM
15PFHCDE 315 390 WSCPA A&A
12/23 8 Hottest Tax Topics for 2014, 8AM-4PM 15HOTDE 295 370 -30 WSCPA TAX
Webcast also available 15WBWHOT 265 340 -30 Webcast
12/29 8 Compilation and Review Standards: the Annual Update and Review by Walter Haig, 8AM-4PM
15CRURDE 315 390 WSCPA A&A
12/30 8 Preparing Financial Statements for Small & Med Sized Businesses: An Update & Review of GAAP & Tax, Cash and Special Purpose Frameworks by Walt Haig, 8AM-4PM
15ASURDE 315 390 WSCPA A&A
12/31 8 The Business Financial Health Checkup: A Process to Identify Misstatements and Profitability Roadblocks Using Analytical Procedures by Walter Haig, 8AM-4PM
15BFHCDE 315 390 WSCPA A&A
Bellingham
11/24 8 Compilation and Review Annual Update, 8AM-4PM 15CRAUDNV 295 370 Best Western Plus Lakeway Inn
A&A
34 35WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EDUCATION AND EVENTS Register at www.wscpa.org/cpe/catalog or page 44
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
11/25 8 Financial Statement Analysis-A Realistic Approach, 8AM-4PM 15FSPDNV 295 370 Best Western Plus Lakeway Inn
A&A
12/9 8 Washington Tax and New Developments by Mark Hugh, 8AM-4PM 15WSTXDE09 295 370 Best Western Plus Lakeway Inn
TAX
12/10 4 E Washington CPA Ethics and New Developments by Mark Hugh (A WA Require-ment), 8AM-11:30AM
15ETMHDE10 185 220 Best Western Plus Lakeway Inn
Ethics
12/15 8 Federal Tax Update-Individual & Business Current Developments, 8AM-4PM 15FTCDDE 295 370 Best Western Plus Lakeway Inn
TAX
Bothell
11/18 8 Taxation Essentials of LLCs and Partnerships, 8AM-4PM 15TLLLONV 295 370 -30 Hilton Garden Inn Bothell TAX
11/19 8 Health Care Reform Act: Critical Tax and Insurance Ramifications, 8AM-4PM 15HCRANV 295 370 -30 Hilton Garden Inn Bothell TAX
12/1 4 E Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8AM-11:30AM
15ETTNDE1 185 220 Hilton Garden Inn Bothell Ethics
Ferndale
ç 11/5 1 l S
Watching the Bottom Line: How to Prevent Fraud in Business, 12PM-2PM 15CHNWNV5 35 35 Silver Reef Casino MG
Fife
ç 11/19 2 S South Sound Industry TBA, 7:30AM-9:30AM 15CMSSINV 20 20 Poodle Dog Restaurant SK
ç 12/17 2 S Health Care Update, 7:30AM-9:30AM 15CMSSIDE 20 20 Poodle Dog Restaurant SK
ç 1/21 2 S Federal Tax Update, 7:30AM-9:30AM 15CMSSIJA 20 20 Poodle Dog Restaurant TAX
Kennewick
11/17 8 Federal Tax Update-Individual & Business Current Developments, 8AM-4PM 15FTCDNV 295 370 Three Rivers Conv Ctr TAX
11/18 4 E Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8AM-11:30AM
15ETTNNV18 185 220 Three Rivers Conv Ctr Ethics
Lynnwood
12/16 8 Federal Tax Update Individuals (Form 1040), 8AM-4PM 15FTUIDE 295 370 Lynnwood Convention Ctr TAX
12/17 8 Federal Tax Update-C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8AM-4PM
15FTUBDE 295 370 Lynnwood Convention Ctr TAX
Olympia
11/5 2 l S
Research & Development / Cost Segregation, 12PM-2PM 15CHOLNV5 40 40 Indian Summer Golf MG
12/3 2 l S
Cybersecurity, 12PM-2PM 15CHOLDE3 40 40 Indian Summer Golf MG
Seattle
11/7 8 Annual Tax Update: Individuals and Sole Proprietors, 8AM-4PM 15TSUINV 295 370 -30 Best Western Plus Exec Inn TAX
11/18 8 Federal Tax Update Individuals (Form 1040), 8AM-4PM 15FTUINV 295 370 Best Western Plus Exec Inn TAX
11/19 8 Federal Tax Update-C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8AM-4PM
15FTUBNV 295 370 Best Western Plus Exec Inn TAX
11/20-21 16 Not-For-Profit Conference, 8AM-4:30PM 15NFPC 470 545 Bell Harbor Intl Conf Ctr A&A
12/12 4 E Washington CPA Regulatory Ethics by James Rigos (A WA Requirement), 8AM-11:30AM
15ETJRDE12 185 220 Best Western Plus Exec Inn Ethics
12/16 8 Annual Update for Controllers, 8AM-4PM 15SKSBDE 295 370 -30 Best Western Plus Exec Inn MG
Spokane
11/6 0 Chateau Rive, 6PM-8:30PM 15NPNV06 25 30 Chateau Rive PD
11/11 8 Advanced Excel, 8AM-4PM 15ADENV 295 370 Hampton Inn Spokane TEC
ç 11/12 2 l S
E. Clair Daniels Symposium, 12PM-2PM 15CHSPNV12 50 50 The Spokane Club SK
11/12 8 Paperless Office, 8AM-4PM 15PPONV 295 370 Hampton Inn Spokane TEC
11/13 8 Fiduciary Income Tax Returns-Form 1041 Workshop, 8AM-4PM 151041NV 310 385 Hampton Inn Spokane TAX
11/14 8 Federal Estate and Gift Tax Returns-Forms 706-709 Workshop, 8AM-4PM 15GIFTNV 310 385 Hampton Inn Spokane TAX
11/19 4 E Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8AM-11:30AM
15ETTNNV19 185 220 Hampton Inn Spokane Ethics
11/21 8 Washington State Community Property and Estate Tax Law Update, 8AM-4PM 15WKCPNV21 295 370 Hampton Inn Spokane TAX
34 35WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
11/24 8 Preparing Financial Statements for Small & Med Sized Businesses: An Update & Review of GAAP & Tax, Cash and Special Purpose Frameworks by Walt Haig, 8AM-4PM
15ASURNV 315 390 Hampton Inn Spokane A&A
11/25 8 Compilation and Review Standards: the Annual Update and Review by Walter Haig, 8AM-4PM
15CRURNV 315 390 Hampton Inn Spokane A&A
12/3 8 Surgent McCoy’s Handbook for Mastering Basis, Distributions and Loss Limitation Issues, 8AM-4PM
15HMBIDE 310 385 Hampton Inn Spokane TAX
12/4 8 The Top 50 Mistakes Practitioners Make and How to Fix Them: Individual Tax and Financial Planning, 8AM-4PM
15INBBDE 310 385 Hampton Inn Spokane TAX
12/5 8 Getting More Active With the Passive Activity Rules and the New Net Investment Tax, 8AM-4PM
15PAITDE05 310 385 Hampton Inn Spokane TAX
12/8 8 The Best Individual Income Tax Update Course by Surgent McCoy, 8AM-4PM 15BITUDE 310 385 Mirabeau Park Hotel TAX
12/9 8 The Complete Guide to Payroll Taxes and 1099 Issues, 8AM-4PM 15CGPTDE 310 385 Mirabeau Park Hotel TAX
12/15 8 Form 990: A Comprehensive Approach to Accurate Preparation, 8AM-4PM 15EOF990DE 295 370 -30 Hampton Inn Spokane TAX
12/17 8 Surgent McCoy’s Advanced Individual Income Tax Return Issues, 8AM-4PM 15STRIDE 310 385 Hampton Inn Spokane TAX
Tacoma
11/5 8 Larry Stein’s Getting Ready For Tax Season-Individual Clients, 8AM-4PM 15LSGINV 300 375 Courtyard Marriott TAX
11/11 4 E Washington CPA Regulatory Ethics by James Rigos (A WA Requirement), 8AM-11:30AM
15ETJRNV11 185 220 Courtyard Marriott Ethics
12/1 8 Surgent McCoy’s Advanced Critical Tax Issues for Limited Liability Companies, 8AM-4PM
15ACTLDE 310 385 Courtyard Marriott TAX
12/2 8 Annual Update for Compilation and Review Engagements, 8AM-4PM 15CORUDE 295 370 -30 Courtyard Marriott A&A
12/3 8 Update for Accountants and Auditors, 8AM-4PM 15AUAADE 295 370 -30 Courtyard Marriott A&A
12/15 8 Effectively and Efficiently Reviewing Tax Returns in Busy Season, 8AM-4PM 15ERTWDE 310 385 Courtyard Marriott TAX
Vancouver
11/18 4 E Washington CPA Ethics and New Developments by Mark Hugh (A WA Require-ment), 8AM-11:30AM
15ETMHNV18 185 220 Heathman Lodge Ethics
12/9 8 Getting More Active With the Passive Activity Rules and the New Net Investment Tax, 8AM-4PM
15PAITDE09 310 385 Heathman Lodge TAX
12/10 8 The Best Federal Tax Update Course by Surgent, 8AM-4PM 15BFTUDE 310 385 Heathman Lodge TAX
Yakima
ç 11/11 2 l S
Tribal Business Relations and Operations, 7:30AM-9:30AM 15CHYKNV11 25 25 Howard Johnson Plaza GNP
ç 12/9 2 l S
Food/Ag Focus, 7:30AM-9:30AM 15CHYKDE09 25 25 Howard Johnson Plaza SK
Your Desk - Webcasts and Webinars
11/5 8 GST Tax From A to Z (25% CA Content) WEBCAST, 8:30AM-4:30PM 15WBCNV05B 275 375 Webcast TAX
11/5 8 Deal Structure for Mergers and Acquisitions WEBCAST, 8:30AM-4:30PM 15WBCNV05A 275 375 Webcast TAX
ç 11/5 2 Y Fraud and Abuse in Government Entities WEBINAR, 7AM-9AM 15WNCNV05A 79 94 Webinar GNP
ç 11/5 2 Y Fraud and Abuse in Nonprofits WEBINAR, 10AM-12PM 15WNCNV05B 79 94 Webinar GNP
ç 11/5 2 Doing Business With the IRS-Part 3: IRS Penalties and How to Get Them Abated WEBCAST, 9AM-11AM
15WBANV05A 79 109 Webcast TAX
11/6 8 Auditing of Employee Benefit Plans WEBCAST, 8:30AM-4PM 15WBCNV06A 275 375 Webcast A&A
ç 11/6 4 Accounting’s Perfect Storm 2014 Update: Four Issues That Might Change Financial Reporting As You Know It! WEBCAST, 8AM-12PM
15WBANV06A 129 159 Webcast A&A
ç 11/6 2 Excel-Charts and Formatting For a Non-Financial Audience WEBINAR, 8AM-10AM 15WNCNV06A 79 94 Webinar TEC
ç 11/6 2 Fraud: 2014 Alert for Small and Mid-Sized Entities WEBINAR, 9AM-11AM 15WNCNV06B 79 94 Webinar A&A
ç 11/6 4 Reformatted Financial Statements: Inaction Can Lead to Complacency WEBCAST, 11AM-3PM
15WBANV06B 129 159 Webcast A&A
11/6 8 Stocks, Bonds and Mutual Funds: A Comprehensive Guide to Successful Investing WEBCAST, 8:30AM-4PM
15WBCNV06C 275 375 Webcast PFP
11/6 8 Retirement Advising: Accumulation and Decumulation Strategies WEBCAST, 8:30AM-4PM
15WBCNV06B 275 375 Webcast PFP
ç 11/7 2 Tax Issues of Same Sex Couples WEBINAR, 10AM-12PM 15WNCNV07C 79 94 Webinar TAX
ç 11/7 2 Travel & Entertainment Expenses: Review & Update WEBINAR, 7AM-9AM 15WNCNV07A 79 94 Webinar TAX
36 37WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EDUCATION AND EVENTS Register at www.wscpa.org/cpe/catalog or page 44
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
ç 11/7 2 Critical Thinking Skills for Finance and Accounting Professionals WEBINAR, 9AM-11AM
15WNCNV07B 79 94 Webinar MG
11/7 8 Family Law Conference (25% CA Content) WEBCAST, 8:30AM-4:30PM 15WBCNV07A 325 425 Webcast SK
ç 11/7 2 1099 Changes and Best Practices WEBCAST, 10:30AM-12:30PM 15WBANV07B 79 109 Webcast TAX
11/7 8 IFRS vs. GAAP: What are the Differences? WEBCAST, 8AM-4PM 15WBWIUSA 265 340 -30 Webcast A&A
ç 11/7 4 Internal Controls for Technology to Mitigate Risk and Loss WEBCAST, 10AM-2PM 15WBANV07A 129 159 Webcast MG
ç 11/10 2 The CFO: 5 Critical Skills to Become a Leader WEBINAR, 8AM-10AM 15WNCNV10B 79 94 Webinar MG
ç 11/10 2 Live Video Interview with an ex-Con Now a CPA WEBINAR, 7AM-9AM 15WNCNV10A 79 94 Webinar A&A
11/10 8 Leases: Past, Present and Future WEBCAST, 8:30AM-4PM 15WBCNV10A 275 375 Webcast A&A
ç 11/10 2 Doing Business With the IRS-Part 5: Representing Clients Before the IRS Appeals Office WEBCAST, 9AM-11AM
15WBANV10A 79 109 Webcast TAX
ç 11/10 2 The CFO: 5 Critical Skills to Maximize Profits WEBINAR, 11AM-1PM 15WNCNV10C 79 94 Webinar MG
ç 11/11 2 Live Video Interview with Ponzi Expert Kathy Bazoian Phelps WEBINAR, 7AM-9AM 15WNCNV11A 79 94 Webinar A&A
ç 11/11 4 Annual Compilation Update – A Seminar Designed for Smaller Firms 2014 EVENING WEBCAST, 4PM-8PM
15WBSNV11A 129 159 Webcast A&A
11/11 8 The New Compilation and Review Standards WEBCAST, 8:30AM-4:30PM 15WBCNV11A 275 375 Webcast A&A
ç 11/11 2 Doing Business With the IRS-Part 6: Notice of Deficiency, Notice of Determination, and Tax Litigation WEBCAST, 9AM-11AM
15WBANV11B 79 109 Webcast TAX
ç 11/11 2 Accounting IS Changing! Are YOU Ready? Predictive Not Historic – Module III WEBCAST, 8AM-10AM
15WBANV11A 79 109 Webcast A&A
ç 11/11 2 Accounting IS Changing! Are YOU Ready? Accounting as Business Partner– Module IV WEBCAST, 10AM-12PM
15WBANV11C 79 109 Webcast A&A
ç 11/11 2 The CFO’s Role in Compensation and Incentive Plans WEBINAR, 9AM-11AM 15WNCNV11B 79 94 Webinar MG
11/12 8 Audit Standards Update: Clarifying Risk Assessment WEBCAST, 8:30AM-4PM 15WBCNV12A 275 375 Webcast A&A
ç 11/12 2 How to be Productive with Windows 8 WEBINAR, 9AM-11AM 15WNCNV12B 79 94 Webinar TEC
11/12 8 Y Not-for-Profit Organizations: Accounting and Auditing Principles WEBCAST, 8:30AM-4PM
15WBCNV12B 275 375 Webcast GNP
ç 11/12 8 THE PROCESS OF RECOVERY Income Tax Reporting and Income Tax Benefits WEBCAST
15WWPRTR 275 355 Webcast TAX
ç 11/12 2 Everything CPAs Need to Know About Detecting Ponzi Schemes WEBINAR, 7AM-9AM
15WNCNV12A 79 94 Webinar A&A
ç 11/12 2 Live Video Interview with Embezzler Amy Wilson WEBINAR, 10AM-12PM 15WNCNV12C 79 94 Webinar A&A
ç 11/12 1 Planning Issues with LLCs WEBCAST, 7AM-8AM 15WBANV12A 59 79 Webcast TAX
ç 11/12 2 Accountants’ Nondisclosure Exposure: Recent Cases and Controversies WEB-CAST, 7:30AM-9:30AM
15WBANV12B 79 109 Webcast A&A
ç 11/13 8 2014 A CPAs Guide to Choice of Entity WEBCAST, 7AM-3PM 15WBANV13A 195 245 Webcast TAX
11/13 8 Business Succession Planning and Exit Strategies WEBCAST, 8:30AM-4PM 15WBCNV13B 275 375 Webcast MG
ç 11/13 8 Y Yellow Book Update WEBCAST, 11AM-7PM 15WBANV13B 195 245 Webcast GNP
11/13 8 Oil and Gas Taxation: Nuts and Bolts WEBCAST, 8:30AM-4:30PM 15WBCNV13A 275 375 Webcast TAX
ç 11/13 2 The ZZZZ Best Story: Ex-Con, Z Best CFO, Shares Techniques On How To Detect And Prevent Fraud WEBINAR, 8AM-10AM
15WNCNV13A 79 94 Webinar A&A
ç 11/14 2 Creating the Best Projections You Can WEBCAST, 9AM-11AM 15WBANV14C 79 109 Webcast A&A
ç 11/14 2 Fraud-Detection Controls & Technology WEBCAST, 8AM-10AM 15WBANV14B 75 85 Webcast A&A
11/14 8 Preparation of Forms 1040NR and 540NR for the Visiting Non-U.S. Citizen WEB-CAST, 8:30AM-4PM
15WBCNV14B 275 375 Webcast TAX
11/14 8 Church and Minister Taxation WEBCAST, 8:30AM-4PM 15WBCNV14A 275 375 Webcast TAX
ç 11/14 2 Become the Best: Lessons from Great Companies WEBINAR, 8AM-10AM 15WNCNV14A 79 94 Webinar MG
ç 11/14 4 Business Turnaround WEBCAST, 7AM-11AM 15WBANV14A 129 159 Webcast MG
ç 11/15 4 Technology Update for Industry SATURDAY WEBCAST, 10AM-2PM 15WBSNV15A 129 159 Webcast TEC
ç 11/15 2 Get Your Notes Organized With Microsoft OneNote SATURDAY WEBINAR, 7AM-9AM
15WNSNV15A 79 94 Webinar TEC
ç 11/17 2 How Will You Handle the New Revenue Recognition Standard? WEBINAR, 7AM-9AM
15WNCNV17A 79 94 Webinar A&A
ç 11/17 1 FLSA and Other Hot Compensation Topics WEBCAST, 8AM-9AM 15WBANV17C 39 49 Webcast MG
36 37WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
11/17 8 U.S. GAAP and IFRS Update WEBCAST, 8:30AM-4:30PM 15WBCNV17B 275 375 Webcast A&A
ç 11/17 2 What’s New in A & A? WEBINAR, 10AM-12PM 15WNCNV17C 79 94 Webinar A&A
ç 11/17 2 Creating Better Budgets: Plan for the Unknown WEBINAR, 9AM-11AM 15WNCNV17B 79 94 Webinar MG
11/17 8 Investment Planning Re-created: New Strategies for Today’s Environment WEB-CAST, 8:30AM-4PM
15WBCNV17A 275 375 Webcast PFP
ç 11/17 4 Internal Controls for Technology to Mitigate Risk and Loss WEBCAST, 7AM-11AM 15WBANV17B 129 159 Webcast MG
ç 11/17 2 401(k)s and Retirement Plans For Small Businesses WEBCAST, 7AM-9AM 15WBANV17A 79 109 Webcast EB
ç 11/18 2 Google Business Tools for Accountants WEBINAR, 9AM-11AM 15WNCNV18B 79 94 Webinar TEC
11/18 2 Marketing Management for CFOs and Other Financial Managers WEBCAST, 8AM-10AM
15WBANV18A 79 109 Webcast MG
ç 11/18 1 Preparing for a CFO Role WEBCAST, 11AM-12PM 15WBANV18C 59 79 Webcast MG
11/18 8 What Your Broker Won’t Tell You About Insurance Planning WEBCAST, 8:30AM-4PM
15WBCNV18B 275 375 Webcast PFP
11/18 8 Retirement Distributions: Planning Options WEBCAST, 8:30AM-4PM 15WBCNV18A 275 375 Webcast TAX
ç 11/18 1 Banking Realtions and Debt Restructuring WEBCAST, 8:30AM-9:30AM 15WBANV18B 39 49 Webcast SK
ç 11/18 2 Profitable Pricing: Accounting’s Role WEBINAR, 9AM-11AM 15WNCNV18A 79 94 Webinar MG
ç 11/19 2 Live Video Interview with Forgery Expert Cina Wong WEBINAR, 8AM-10AM 15WNCNV19A 79 94 Webinar A&A
ç 11/19 2 Live Video Interview with Ex-CPA Ex-CFO Criminal Sam Antar WEBINAR, 11AM-1PM
15WNCNV19D 79 94 Webinar A&A
11/19 8 S Corporation Preparation, Basis Calculations and Distributions: Schedule K and K1 (Form 1120S) Analysis WEBCAST, 8:30AM-4PM
15WBCNV19B 275 375 Webcast TAX
11/19 4 E Washington CPA Ethics and New Developments by Mark Hugh (A WA Require-ment) WEBCAST, 8AM-12PM
15WBANV19A 164 194 Webcast Ethics
11/19 8 Pension and Profit-Sharing Plan Strategies WEBCAST, 8:30AM-4PM 15WBCNV19A 275 375 Webcast PFP
ç 11/19 2 Becoming the Hero-Capital Gain Tax Strategies WEBINAR, 9AM-11AM 15WNCNV19B 79 94 Webinar TAX
11/19 4 Washington Sales Tax and New Developments by Mark Hugh WEBCAST, 12PM-4PM
15WBANV19B 129 159 Webcast TAX
ç 11/19 2 Excel-Preparing Your Source Data for Analysis WEBINAR, 10AM-12PM 15WNCNV19C 79 94 Webinar TEC
ç 11/20 2 Fraud: 5 New Cases for 2014 WEBINAR, 9AM-11AM 15WNCNV20B 79 94 Webinar A&A
11/20 16 Not-for-Profit Conference WEBCAST, 8AM-4:30PM 15WBNFPC 420 495 Webcast A&A
11/20 1 Punctuation That Counts: Catch Your Mistakes Before Your Readers Do! WEBCAST, 8AM-9AM
15WBANV20A 59 79 Webcast PD
ç 11/20 2 Crowdsourcing and Collaborative Consumption Tools for Accountants WEBINAR, 12PM-2PM
15WNCNV20D 79 94 Webinar TEC
11/20 8 Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K & K1 Analysis WEBCAST, 8:30AM-4PM
15WBCNV20A 275 375 Webcast TAX
ç 11/20 2 The CFOs Role in Strategic Risk Management WEBCAST, 9AM-11AM 15WBANV20D 79 109 Webcast MG
ç 11/20 2 The CFOs Role in Stategy Development WEBCAST, 7AM-9AM 15WBANV20C 79 109 Webcast MG
11/20 1 Writing That Sells! How to Influence and Persuade on Paper WEBCAST, 9AM-10AM
15WBANV20B 59 79 Webcast PD
ç 11/20 2 10 Steps to a Digital Office in the Cloud WEBINAR, 10AM-12PM 15WNCNV20C 79 94 Webinar TEC
ç 11/20 2 Live Video Interview with Ex-Con Purchasing Agent Vern Beck WEBINAR, 7AM-9AM
15WNCNV20A 79 94 Webinar A&A
ç 11/21 4 Taking Your Business Paperless WEBCAST, 7AM-12PM 15WBANV21B 129 159 Webcast MG
ç 11/21 2 The Financial Manager’s Role in Risk Analysis and Management WEBINAR, 11AM-1PM
15WNCNV21A 79 94 Webinar A&A
ç 11/21 2 Contemporary Cost Concepts: Understanding Activity-Based Costing WEBCAST, 7AM-9AM
15WBANV21A 79 109 Webcast A&A
11/21 8 Y Advanced Auditing of HUD-Assisted Projects WEBCAST, 8:30AM-4PM 15WBCNV21A 275 375 Webcast GNP
ç 11/22 2 Contemporary Cost Concepts: Understanding Activity-Based Costing SATURDAY WEBCAST, 9AM-11AM
15WBSNV22A 79 109 Webcast A&A
ç 11/24 2 The Top 10 Legal Mistakes Companies Make and How to Avoid Them WEBCAST, 9AM-11AM
15WBANV24A 79 109 Webcast MG
ç 11/24 8 Y Yellow Book Update EVENING WEBCAST, 3PM-11PM 15WBSNV24A 195 245 Webcast GNP
ç 11/24 2 Bitcoin-What You Should Know About This Digital Currency WEBINAR, 8AM-10AM
15WNCNV24A 79 94 Webinar TEC
38 39WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EDUCATION AND EVENTS Register at www.wscpa.org/cpe/catalog or page 44
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
ç 11/24 2 Y Live Video Interview with Gov’t Fraud Expert Dennis Dycus WEBINAR, 10AM-12PM
15WNCNV24B 79 94 Webinar GNP
ç 11/24 2 The Digital Office-Infrastructure and the Cloud WEBINAR, 11AM-1PM 15WNCNV24C 79 94 Webinar TEC
ç 11/25 2 Live Video Interview with ex-CPA Embezzler Chuck Gallagher WEBINAR, 3PM-5PM
15WNCNV25C 79 94 Webinar A&A
ç 11/25 2 Travel & Entertainment Expenses: Review & Update WEBINAR, 9AM-11AM 15WNCNV25A 79 94 Webinar TAX
ç 11/25 2 Tax Depreciation: Review & Update WEBINAR, 12PM-2PM 15WNCNV25B 79 94 Webinar TAX
ç 11/25 4 Financial Statement Presentation and Disclosure-Part 2 EVENING WEBCAST, 2PM-6PM
15WBSNV25A 129 159 Webcast A&A
ç 11/25 4 Annual Compilation Update – A Seminar Designed for Smaller Firms 2014 WEB-CAST, 7AM-11AM
15WBANV25A 129 159 Webcast A&A
ç 11/25 4 Financial Statement Presentation and Disclosure-Part 1 EVENING WEBCAST, 4PM-8PM
15WBSNV25B 129 159 Webcast A&A
ç 11/26 2 Live Video Interview with Pulitzer Winner Michael Sallah WEBINAR, 8AM-10AM 15WNCNV26B 79 94 Webinar A&A
ç 11/26 4 Adding Social Networking to Your Marketing Plan-Real World Advice! WEBCAST, 10AM-2PM
15WBANV26A 129 159 Webcast SK
ç 11/26 2 The Digital Office-Securing Your System WEBINAR, 7AM-9AM 15WNCNV26A 79 94 Webinar TEC
ç 12/1 2 Fraud: 10 Scary Cases in Compilations and Reviews WEBINAR, 11AM-1PM 15WNCDE01C 79 94 Webinar A&A
ç 12/1 2 Profitable Pricing: Accounting’s Role WEBINAR, 9AM-11AM 15WNCDE01B 79 94 Webinar MG
12/1 8 Federal Tax Update: Individuals (Form 1040)WEBCAST, 8:30AM-4:30PM 15WBCDE01A 275 375 Webcast TAX
ç 12/1 2 Fraud: 10 Scary Cases in Audits WEBINAR, 8AM-10AM 15WNCDE01A 79 94 Webinar A&A
ç 12/2 2 The CFO’s Role in Compensation and Incentive Plans WEBINAR, 9AM-11AM 15WNCDE02A 79 94 Webinar MG
12/2 8 Introduction to XBRL: New Opportunities for CPAs WEBCAST, 8:30AM-4PM 15WBCDE02B 275 375 Webcast TEC
ç 12/2 2 Data Visualization and Mapping Tools for Accountants WEBINAR, 12PM-2PM 15WNCDE02B 79 94 Webinar TEC
12/2 8 Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)WEBCAST, 8:30AM-4:30PM
15WBCDE02A 275 375 Webcast TAX
ç 12/2 2 Live Video Interview with Elder Fraud Expert David Kessler WEBINAR, 3PM-5PM 15WNCDE02C 79 94 Webinar A&A
ç 12/2 2 1099 Changes and Best Practices WEBCAST, 10:30AM-12:30PM 15WBADE02A 79 109 Webcast TAX
ç 12/2 5 Outstanding Client Service-10 Keys to Win Cases, Create Client Statisfaction and Get Referrals EVENING WEBCAST, 4PM-9PM
15WBSDE02A 139 159 Webcast SK
ç 12/3 2 Time Hacks: Proven Ways to Save Time, Money and Get More for Less WEBINAR, 9AM-11AM
15WNCDE03B 79 94 Webinar PD
ç 12/3 2 Y Fraud and Abuse in Nonprofits WEBINAR, 10AM-12PM 15WNCDE03C 79 94 Webinar GNP
12/3 8 Tips and Tricks for Handling IRS Disputes WEBCAST, 8AM-4PM 15WBWDIRS 265 340 -30 Webcast TAX
12/3 8 Preparing Complex 1040s WEBCAST, 8:30AM-4:30PM 15WBCDE03A 275 375 Webcast TAX
ç 12/3 2 Y Fraud and Abuse in Government Entities WEBINAR, 7AM-9AM 15WNCDE03A 79 94 Webinar GNP
12/3 8 Federal Tax Implications of Health Care Reform WEBCAST, 8:30AM-4PM 15WBCDE03B 275 375 Webcast TAX
12/4 8 The Private Company Council (PCC) In Focus: Accounting Update for Nonpublic Entities WEBCAST, 8:30AM-4:30PM
15WBCDE04B 275 375 Webcast A&A
12/4 1 Give Your Elevator Speech a Lift WEBCAST, 8AM-9AM 15WBADE04A 59 79 Webcast PD
ç 12/4 2 Excel-Preparing Your Source Data for Analysis WEBINAR, 11AM-1PM 15WNCDE04A 79 94 Webinar TEC
ç 12/4 4 Internal Controls for Technology to Mitigate Risk and Loss EVENING WEBCAST, 2PM-6PM
15WBSDE04A 129 159 Webcast MG
ç 12/4 8 2014 Understanding the Purchase and Sale of Business WEBCAST, 7AM-3PM 15WBADE04B 195 225 Webcast TAX
12/4 8 Small Business Internal Control, Security and Fraud Prevention and Detection WEBCAST, 8:30AM-4PM
15WBCDE04A 275 375 Webcast A&A
ç 12/5 4 Accounting’s Perfect Storm 2014 Update: Four Issues That Might Change Financial Reporting As You Know It! WEBCAST, 11AM-3PM
15WBADE05B 129 159 Webcast A&A
ç 12/5 4 Reformatted Financial Statements: Inaction Can Lead to Complacency WEBCAST, 8AM-12PM
15WBADE05C 129 159 Webcast A&A
ç 12/5 2 Understand Inventory Accounting: GAAP, Software and Variance Recognition Basics WEBCAST, 7AM-9AM
15WBADE05A 79 109 Webcast A&A
ç 12/5 2 Excel-Charts and Formatting For a Non-Financial Audience WEBINAR, 8AM-10AM 15WNCDE05C 79 94 Webinar TEC
ç 12/5 2 Live Video Interview with an ex-Con Now a CPA WEBINAR, 7AM-9AM 15WNCDE05A 79 94 Webinar A&A
38 39WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Nov 7 IFRS vs. GAAP: What are the Differences? WEBCAST
Dec 3 Tips and Tricks for Handling IRS Disputes WEBCAST
Dec 9 Taxation for Individuals Living Abroad WEBCAST
Dec 10 CFO Series-Financial Statement and Cash Flow Forecasting and Modeling WEBCAST
Dec 22 S Corporations: Key Issues, Compliance, and Tax Strategies WEBCAST
Dec 23 Hottest Tax Topics for 2014 WEBCAST
Jan 26 2014 Tax Advisors Update WEBCAST
Jan 30 AICPA’s Annual Federal Tax Update WEBCAST
Mar 20 CFO Series-Valuation, Acquisitions, Capital Projects and Leveraged Buyouts WEBCAST
Mar 23 Advanced Controller and CFO Skills WEBCAST
Mar 24 Creating Great Budgets: Maximizing Profits, People, and Power WEBCAST
May 8 CFO Series-Financing a Privately Owned Company WEBCAST
Register now! www.wscpa.org/cpe(425) 644-4800
WEBCASTS WSCPAlive from the
Take advantage of the Society’s most popular classes from your home, office, even the ballet studio. Look for this icon in the Digest course listing.
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I love the freedom of taking CPE via webcasts. I can take CPE and do a bit of stretching at the same time.
40 41WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EDUCATION AND EVENTS Register at www.wscpa.org/cpe/catalog or page 44
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
ç 12/5 2 B Corporations and L3Cs: New Corporate Forms for Responsible Businesses WEBINAR, 9AM-11AM
15WNCDE05B 79 94 Webinar MG
ç 12/6 2 The Digital Office-Securing Your System SATURDAY WEBINAR, 7AM-9AM 15WNSDE06A 79 94 Webinar TEC
12/8 8 FASB and AICPA Update: Practical Guidance WEBCAST, 8:30AM-4PM 15WBCDE08A 275 375 Webcast A&A
ç 12/8 2 The ZZZZ Best Story: Ex-Con, Z Best CFO, Shares Techniques On How To Detect And Prevent Fraud WEBINAR, 7AM-9AM
15WNCDE08A 79 94 Webinar A&A
ç 12/8 2 2014 Key Tax Issues for Individuals WEBINAR, 9AM-11AM 15WNCDE08B 79 94 Webinar TAX
ç 12/8 2 2014 Key Tax Issues for Corprations WEBINAR, 12PM-2PM 15WNCDE08C 79 94 Webinar TAX
12/8 8 Wine Industry Conference WEBCAST, 8:30AM-4:30PM 15WBCDE08C 325 425 Webcast SK
12/8 8 Preparing Form 706: The Federal Estate Tax Return WEBCAST, 8:30AM-4:30PM 15WBCDE08B 275 375 Webcast TAX
ç 12/9 1 Employee Benefit Plan Disclosures WEBCAST, 7AM-8AM 15WBADE09B 39 49 Webcast A&A
12/9 8 Hedging Risks of Foreign Operations and Currency Transactions WEBCAST, 8:30AM-4PM
15WBCDE09D 275 375 Webcast A&A
ç 12/9 2 Live Video Interview with Forgery Expert Cina Wong WEBINAR, 10AM-12PM 15WNCDE09B 79 94 Webinar A&A
12/9 8 Form 1041: Down to the Basics WEBCAST, 8:30AM-4:30PM 15WBCDE09C 275 375 Webcast TAX
ç 12/9 2 Benford’s Law-A Valuable Audit Tool WEBCAST, 7AM-9AM 15WBADE09A 79 109 Webcast A&A
12/9 8 Taxation for Individuals Living Abroad WEBCAST, 8AM-4PM 15WBWTILA 265 340 -30 Webcast TAX
12/9 8 Construction Contractors: Special Tax and Accounting Considerations WEBCAST, 8:30AM-4:30PM
15WBCDE09A 275 375 Webcast SK
ç 12/9 2 Fraud Alert-How Fraud Can Impact You! WEBINAR, 9AM-11AM 15WNCDE09A 79 94 Webinar A&A
12/9 8 Wine Industry Fundamentals: Tax, Accounting and Auditing WEBCAST, 8:30AM-4:30PM
15WBCDE09B 325 425 Webcast SK
ç 12/9 2 Accountants’ Nondisclosure Exposure: Recent Cases and Controversies WEB-CAST, 10AM-12PM
15WBADE09C 79 109 Webcast A&A
12/10 8 S Corporations: A Complete Guide to Planning and Compliance WEBCAST, 8:30AM-4:30PM
15WBCDE10B 275 375 Webcast TAX
ç 12/10 8 2014 Annual Tax Update WEBCAST, 7AM-3PM 15WBADE10C 195 225 Webcast TAX
12/10 4 Y A133 Audits-2014 How I Can Do It Better WEBCAST, 12PM-4PM 15WBADE10B 129 159 Webcast GNP
12/10 8 Corporate Income Tax Return Fundamentals WEBCAST, 8:30AM-4:30PM 15WBCDE10A 275 375 Webcast TAX
ç 12/10 2 Becoming the Hero-Capital Gain Tax Strategies WEBINAR, 10AM-12PM 15WNCDE10A 79 94 Webinar TAX
12/10 8 CFO Series-Financial Statement and Cash Flow Forecasting and Modeling WEB-CAST, 8AM-4PM
15WBWCFOSF 265 340 Webcast MG
12/10 4 Y A133 Audits-2014 What I Need To Know WEBCAST, 8AM-12PM 15WBADE10A 129 159 Webcast GNP
12/11 8 Startup Conference WEBCAST, 8:30AM-4:30PM 15WBCDE11D 325 425 Webcast SK
ç 12/11 2 Final Repairs to Tangible Property Regulations WEBINAR, 9AM-11AM 15WNCDE11A 79 94 Webinar TAX
12/11 8 Cash and Credit Management WEBCAST, 8:30AM-4:30PM 15WBCDE11A 275 375 Webcast A&A
12/11 8 Disclosure: The Key to Financial Statements WEBCAST, 8:30AM-4PM 15WBCDE11B 275 375 Webcast A&A
12/11 4 Y Yellow Book Audits WEBCAST, 8AM-12PM 15WBADE11A 129 159 Webcast GNP
ç 12/11 2 Financial Accounting for Related Party Transactions WEBINAR, 12PM-2PM 15WNCDE11B 79 94 Webinar A&A
ç 12/11 2 Twitter for Accountants WEBINAR, 9AM-11AM 15WNCDE11C 79 94 Webinar TEC
12/11 8 Introduction to International Taxation WEBCAST, 8:30AM-4:30PM 15WBCDE11C 275 375 Webcast TAX
12/11 4 Y HUD Multifamily Housing Audits 2014 WEBCAST, 12PM-4PM 15WBADE11B 129 159 Webcast GNP
ç 12/11 1 Stopping Tax Identity Theft: Practical Advice for CPAs and Clients WEBCAST, 8:30AM-9:30AM
15WBADE11C 39 49 Webcast TAX
ç 12/12 2 Live Video Interview with Ponzi Expert Kathy Bazoian Phelps WEBINAR, 9AM-11AM
15WNCDE12B 79 94 Webinar A&A
12/12 8 Business Valuation: A Review of the Essentials WEBCAST, 8:30AM-4:30PM 15WBCDE12B 275 375 Webcast A&A
12/12 8 Financial Statement Preparation for Your QuickBooks Clients WEBCAST, 8:30AM-4PM
15WBCDE12C 275 375 Webcast A&A
ç 12/12 2 Y Live Video Interview with Gov’t Fraud Expert Dennis Dycus WEBINAR, 7AM-9AM 15WNCDE12A 79 94 Webinar GNP
12/12 8 International Tax Conference WEBCAST, 8:30AM-4:30PM 15WBCDE12A 325 425 Webcast TAX
ç 12/12 4 CIRA: A&A Update WEBCAST, 10AM-2PM 15WBADE12A 90 155 Webcast A&A
ç 12/13 2 Advanced Googling for Accountants Part I: Optimizing Your Google Experience SATURDAY WEBINAR, 7AM-9AM
15WNSDE13A 79 94 Webinar TEC
40 41WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
12/15 8 Review of Significant Accounting Topics WEBCAST, 8:30AM-4PM 15WBCDE15B 275 375 Webcast A&A
ç 12/15 8 2014 Business Fraud Update WEBCAST, 7AM-3PM 15WBADE15A 195 225 Webcast A&A
12/15 8 College Financial Planning WEBCAST, 8:30AM-4PM 15WBCDE15A 275 375 Webcast SK
ç 12/15 2 Live Video Interview with ex-CPA Embezzler Chuck Gallagher WEBINAR, 10AM-12PM
15WNCDE15B 79 94 Webinar A&A
ç 12/15 2 Live Video Interview with Embezzler Amy Wilson WEBINAR, 7AM-9AM 15WNCDE15A 79 94 Webinar A&A
ç 12/16 2 Your Clients Medicare Benefits and Solutions to Long Term Care WEBCAST, 10AM-12PM
15WBADE16B 79 109 Webcast PFP
ç 12/16 2 The CFO: 5 Critical Skills to Maximize Profits WEBINAR, 9AM-11AM 15WNCDE16A 79 94 Webinar MG
12/16 8 Social Security Basics and Strategies For Maximizing Benefits WEBCAST, 8:30AM-4PM
15WBCDE16A 275 375 Webcast PFP
12/16 8 Fair Value: Explained and Updated WEBCAST, 8:30AM-4:30PM 15WBCDE16C 275 375 Webcast A&A
12/16 2 Marketing Management for CFOs and Other Financial Managers WEBCAST, 8AM-10AM
15WBADE16A 79 109 Webcast MG
ç 12/16 2 401(k)s and Retirement Plans For Small Businesses WEBCAST, 2PM-4PM 15WBADE16C 79 109 Webcast EB
12/16 8 Choice of Entity Workshop (25% CA Content) WEBCAST, 8:30AM-4:30PM 15WBCDE16B 275 375 Webcast TAX
ç 12/16 2 The Digital Office-Cloud Based Client Accounting Systems WEBINAR, 12PM-2PM 15WNCDE16B 79 94 Webinar TEC
ç 12/17 2 Live Video Interview with Pulitzer Winner Michael Sallah WEBINAR, 7AM-9AM 15WNCDE17A 79 94 Webinar A&A
ç 12/17 8 Y 2014 Not-For-Profit Accounting, Auditing and Tax Update WEBCAST, 7AM-3PM 15WBADE17A 195 225 Webcast GNP
12/17 8 Tax Research Skills WEBCAST, 8:30AM-4PM 15WBCDE17B 275 375 Webcast TAX
12/17 8 Deal Structure for Mergers and Acquisitions WEBCAST, 8:30AM-4:30PM 15WBCDE17A 275 375 Webcast TAX
ç 12/17 2 Internal Control’s New Muscles WEBINAR, 11AM-1PM 15WNCDE17C 79 94 Webinar A&A
ç 12/17 2 Live Video Interview with ex-Con ZZZZ Best CFO Mark Morze WEBINAR, 10AM-12PM
15WNCDE17B 79 94 Webinar A&A
ç 12/17 2 Live Video Interview with Ex-Con Purchasing Agent Vern Beck WEBINAR, 3PM-5PM 15WNCDE17D 79 94 Webinar A&A
12/18 1 Punctuation That Counts: Catch Your Mistakes Before Your Readers Do! WEBCAST, 8AM-9AM
15WBADE18B 59 79 Webcast PD
ç 12/18 2 Detecting and Preventing Internal Fraud, Theft and Abuse WEBINAR, 10AM-12PM 15WNCDE18B 79 94 Webinar A&A
12/18 1 Give Your Elevator Speech a Lift WEBCAST, 8AM-9AM 15WBADE18A 59 79 Webcast PD
ç 12/18 2 Fraud: 5 New Cases for 2014 WEBINAR, 8AM-10AM 15WNCDE18A 79 94 Webinar A&A
ç 12/18 2 Everything CPAs Need to Know About Detecting Ponzi Schemes WEBINAR, 11AM-1PM
15WNCDE18C 79 94 Webinar A&A
ç 12/18 8 2014 Compilation and Reveiw Update WEBCAST, 7AM-3PM 15WBADE18D 195 225 Webcast A&A
12/18 8 Y HUD Audits of Multifamily Housing Projects: Audit Requirements Under the HUD Audit Guide and A-133 WEBCAST, 8:30AM-4PM
15WBCDE18A 275 375 Webcast GNP
12/18 1 Writing That Sells! How to Influence and Persuade on Paper WEBCAST, 9AM-10AM
15WBADE18C 59 79 Webcast PD
ç 12/19 2 Live Video Interview with Ex-CPA Ex-CFO Criminal Sam Antar WEBINAR, 7AM-9AM
15WNCDE19A 79 94 Webinar A&A
12/19 8 The Basics of Filing an Offer in Compromise WEBCAST, 8:30AM-4PM 15WBCDE19A 275 375 Webcast TAX
ç 12/19 1 Preparing for a CFO Role WEBCAST, 9AM-10AM 15WBADE19B 59 79 Webcast MG
ç 12/19 8 Y 2014 Governmental Accounting and Auditing Update WEBCAST, 7AM-3PM 15WBADE19A 195 225 Webcast GNP
ç 12/19 5 Y Governmental Pension Reporting— The New Standards WEBCAST, 9AM-2PM 15WBADE19C 149 169 Webcast GNP
ç 12/20 2 iPad/Tablet-Tablet Shootout...Which One Should You Buy? SATURDAY WEBINAR, 7AM-9AM
15WNSDE20A 79 94 Webinar TEC
ç 12/20 8 Y Yellow Book Update SATURDAY WEBCAST, 8AM-4PM 15WBSDE20A 195 245 Webcast GNP
ç 12/22 2 Communicating Financial Information to Non-Accountants WEBINAR, 9AM-11AM 15WNCDE22B 79 94 Webinar A&A
ç 12/22 2 Bitcoin-What You Should Know About This Digital Currency WEBINAR, 11AM-1PM
15WNCDE22D 79 94 Webinar TEC
12/22 8 Reformatted Financial Statements 2014: Is the Endgame in Sight? WEBCAST, 8:30AM-4PM
15WBCDE22A 275 375 Webcast A&A
ç 12/22 2 Excel-How To Become an Excel Formula Expert WEBINAR, 7AM-9AM 15WNCDE22A 79 94 Webinar TEC
ç 12/22 3 Y 2014 Governmental Pension Reporting-Implementation Issues WEBCAST, 9AM-12PM
15WBADE22C 99 129 Webcast GNP
ç 12/22 2 Communicating Financial Information to Non-Accountants WEBCAST, 9AM-11AM 15WBADE22B 79 109 Webcast MG
42 43WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
EDUCATION AND EVENTS Register at www.wscpa.org/cpe/catalog or page 44
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
ç 12/22 8 2014 Annual Tax Update WEBCAST, 7AM-3PM 15WBADE22A 195 225 Webcast TAX
12/22 8 S Corporations: Key Issues, Compliance, and Tax Strategies WEBCAST, 8AM-4PM 15WBWSCORP 265 340 -30 Webcast TAX
ç 12/22 2 Excel-Charts and Formatting For a Non-Financial Audience WEBINAR, 10AM-12PM
15WNCDE22C 79 94 Webinar TEC
ç 12/23 2 Business Use of a Home and Vacation Home Rentals Rules-What You Need to Know WEBINAR, 11AM-1PM
15WNCDE23C 79 94 Webinar TAX
ç 12/23 8 2014 A CPAs Guide to Choice of Entity WEBCAST, 7AM-3PM 15WBADE23A 195 245 Webcast TAX
ç 12/23 2 Fraud: 2014 Alert for Small and Mid-Sized Entities WEBINAR, 9AM-11AM 15WNCDE23A 79 94 Webinar A&A
ç 12/23 2 Excel-Preparing Your Source Data for Analysis WEBINAR, 10AM-12PM 15WNCDE23B 79 94 Webinar TEC
12/23 8 Hottest Tax Topics for 2014 WEBCAST, 8AM-4PM 15WBWHOT 265 340 -30 Webcast TAX
ç 12/26 2 The Digital Office-The CPA Technology Toolkit WEBINAR, 10AM-12PM 15WNCDE26A 79 94 Webinar TEC
ç 12/27 2 Becoming a Virtual CFO: Keys to Success SATURDAY WEBINAR, 7AM-9AM 15WNSDE27A 79 94 Webinar MG
ç 12/29 2 Affordable Care Act-Key Issues for Employers WEBINAR, 11AM-1PM 15WNCDE29B 79 94 Webinar TAX
ç 12/29 2 Accountants’ Nondisclosure Exposure: Recent Cases and Controversies WEB-CAST, 10:30AM-12:30PM
15WBADE29B 79 109 Webcast A&A
ç 12/29 8 Compilation and Review Standards: the Annual Update and Review by Walter Haig WEBCAST, 8AM-4PM
15WWCRURDE 285 360 Webcast A&A
ç 12/29 8 2014 Accounting and Auditing Update WEBCAST, 7AM-3PM 15WBADE29A 195 225 Webcast A&A
ç 12/29 2 Creating Better Budgets: Plan for the Unknown WEBINAR, 3PM-5PM 15WNCDE29D 79 94 Webinar MG
ç 12/29 2 Communicating Financial Information to Non-Accountants WEBINAR, 9AM-11AM 15WNCDE29A 79 94 Webinar A&A
ç 12/29 2 Internal Control’s New Muscles WEBINAR, 12PM-2PM 15WNCDE29C 79 94 Webinar A&A
ç 12/30 2 Closing Best Practices-Shortening Month End WEBINAR, 12PM-2PM 15WNCDE30D 79 94 Webinar A&A
ç 12/30 2 2014 Key Tax Issues for Corprations WEBINAR, 11AM-1PM 15WNCDE30C 79 94 Webinar TAX
12/30 4 Washington Sales Tax and New Developments by Mark Hugh WEBCAST, 12PM-4PM
15WBADE30B 129 159 Webcast TAX
12/30 4 E Washington CPA Ethics and New Developments by Mark Hugh (A WA Require-ment) WEBCAST, 8AM-12PM
15WBADE30A 164 194 Webcast Ethics
ç 12/30 2 2014 Key Tax Issues for Individuals WEBINAR, 8AM-10AM 15WNCDE30A 79 94 Webinar TAX
ç 12/30 2 Y Fraud and Abuse in Nonprofits WEBINAR, 9AM-11AM 15WNCDE30B 79 94 Webinar GNP
ç 12/31 2 What’s New in A & A? WEBINAR, 10AM-12PM 15WNCDE31C 79 94 Webinar A&A
ç 12/31 2 Excel-How To Become an Excel Formula Expert WEBINAR, 9AM-11AM 15WNCDE31B 79 94 Webinar TEC
ç 12/31 2 How Will You Handle the New Revenue Recognition Standard? WEBINAR, 7AM-9AM
15WNCDE31A 79 94 Webinar A&A
1/5 8 Everything You Need to Know About Trusts WEBCAST, 8:30AM-4:30PM 15WBCJA05B 275 375 Webcast PFP
1/5 8 Statement of Cash Flows: Preparation and Analysis Workshop WEBCAST, 8:30AM-4PM
15WBCJA05A 275 375 Webcast A&A
1/6 4 The New Group Audit Standard: Understanding the Essentials WEBCAST, 8:30AM-12PM
15WBCJA06B 138 188 Webcast A&A
1/6 8 Compilation and Review Practice Guide WEBCAST, 8:30AM-4PM 15WBCJA06A 275 375 Webcast A&A
1/7 8 Accounting and Auditing Update WEBCAST, 8:30AM-4:30PM 15WBCJA07F 275 375 Webcast A&A
1/7 4 Y A133 Audits-2014 What I Need To Know WEBCAST, 8AM-12PM 15WBAJA07A 129 159 Webcast GNP
1/7 4 Y A133 Audits-2014 How I Can Do It Better WEBCAST, 12PM-4PM 15WBAJA07B 129 159 Webcast GNP
1/7 8 FIN 48: Accounting for Uncertain Tax Positions (ASC Topic 740.10)WEBCAST, 8:30AM-4PM
15WBCJA07B 275 375 Webcast A&A
1/7 8 Investment Finance and Income Tax: Two Worlds Collide WEBCAST, 8:30AM-4PM 15WBCJA07C 275 375 Webcast TAX
1/7 8 Strategies for Tax Dispute Resolution WEBCAST, 8:30AM-4:30PM 15WBCJA07E 275 375 Webcast TAX
1/7 8 Advising Clients of Social Security Benefits WEBCAST, 8:30AM-4:30PM 15WBCJA07D 275 375 Webcast PFP
1/8 4 Y HUD Multifamily Housing Audits 2014 WEBCAST, 12PM-4PM 15WBAJA08B 129 159 Webcast GNP
1/8 4 Y Yellow Book Audits WEBCAST, 8AM-12PM 15WBAJA08A 129 159 Webcast GNP
1/8 8 Tax Practitioner’s Guide to Accounting and Reporting Issues WEBCAST, 8:30AM-4PM
15WBCJA08B 275 375 Webcast A&A
1/8 8 Tax Research Skills WEBCAST, 8:30AM-4PM 15WBCJA08A 275 375 Webcast TAX
1/9 8 Corporate Finance Checkup: Renovate Your Analytical Toolbox WEBCAST, 8:30AM-4PM
15WBCJA09A 275 375 Webcast MG
42 43WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
Fees
Date CPE Credits
Course Code WSCPA Member Fee
Non- MemberFee
AICPA Member Discount
Facility Subject
# Type
For more details, search by code at www.wscpa.org/cpe
Register at www.wscpa.org/cpe/catalog or page 44 EDUCATION AND EVENTS
ç New | Non-tech credits | Webcast from WSCPA | E Ethics credits | Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A | Networking event
1/12 8 Y Not-for-Profit Accounting and Auditing Update WEBCAST, 8:30AM-4PM 15WBCJA12A 275 375 Webcast GNP
1/14 8 Preparing Complex 1040s WEBCAST, 8:30AM-4:30PM 15WBCJA14A 275 375 Webcast TAX
1/14 8 Transform Your Busy Season with Technology Tools You Already Use WEBCAST, 8:30AM-4PM
15WBCJA14B 275 375 Webcast TEC
1/15 8 Form 1041: Down to the Basics WEBCAST, 8:30AM-4:30PM 15WBCJA15A 275 375 Webcast TAX
1/16 8 Private Company Accounting: New Challenges, New Directions WEBCAST, 8:30AM-4PM
15WBCJA16A 275 375 Webcast A&A
1/19 8 Everything You Need to Know About Trusts WEBCAST, 8:30AM-4:30PM 15WBCJA19A 275 375 Webcast PFP
1/20 8 Effective Work Paper Techniques: Building a Better Work Paper WEBCAST, 8:30AM-4PM
15WBCJA20B 275 375 Webcast A&A
1/20 8 Advanced Tax Planning Techniques WEBCAST, 8:30AM-4:30PM 15WBCJA20A 275 375 Webcast TAX
1/21 8 Audits of 401(k) Plans WEBCAST, 8:30AM-4PM 15WBCJA21A 275 375 Webcast A&A
1/21 8 Controls, Risks and Financial Reporting WEBCAST, 8:30AM-4PM 15WBCJA21B 275 375 Webcast A&A
1/21 8 Top 10 Things Financial Planners Need to Know About Estate Planning WEBCAST, 8:30AM-4PM
15WBCJA21C 275 375 Webcast PFP
1/22 8 Audit Standards Update: Clarity Standards Overview WEBCAST, 8:30AM-4PM 15WBCJA22A 275 375 Webcast A&A
1/23 8 Preparing Form 706: The Federal Estate Tax Return WEBCAST, 8:30AM-4:30PM 15WBCJA23B 275 375 Webcast TAX
1/23 8 Audit Standards Update: Clarifying Risk Assessment WEBCAST, 8:30AM-4PM 15WBCJA23A 275 375 Webcast A&A
1/26 8 2014 Tax Advisors Update WEBCAST, 8AM-4PM 15WBWBTAU 310 385 Webcast TAX
1/26 8 Private Company Reporting Options: More Changes Ahead WEBCAST, 8:30AM-4:30PM
15WBCJA26A 275 375 Webcast A&A
1/27 8 Advanced Personal Financial Planning Update WEBCAST, 8:30AM-4PM 15WBCJA27A 275 375 Webcast PFP
1/27 8 Estate Planning Intro: Know Your Q-tip From a QTIP WEBCAST, 8:30AM-4:30PM 15WBCJA27B 275 375 Webcast PFP
1/27 8 S Corporations: A Complete Guide to Planning and Compliance WEBCAST, 8:30AM-4:30PM
15WBCJA27C 275 375 Webcast TAX
1/28 8 Partnership and LLC Taxation: Advanced Issues, Including Transfers of Interests and Liquidations WEBCAST, 8:30AM-4:30PM
15WBCJA28C 275 375 Webcast TAX
1/28 8 Asset Protection Planning WEBCAST, 8:30AM-4PM 15WBCJA28B 275 375 Webcast PFP
1/28 8 Y Advanced Auditing of HUD-Assisted Projects WEBCAST, 8:30AM-4PM 15WBCJA28A 275 375 Webcast GNP
1/29 8 Introduction to International Taxation WEBCAST, 8:30AM-4:30PM 15WBCJA29A 275 375 Webcast TAX
ç 1/29 8 Compilation and Review Standards: the Annual Update and Review by Walter Haig WEBCAST, 8AM-4PM
15WWCRURJA 285 360 Webcast A&A
1/30 8 Construction Contractors: Special Tax and Accounting Considerations WEBCAST, 8:30AM-4:30PM
15WBCJA30A 275 375 Webcast SK
1/30 8 AICPA’s Annual Federal Tax Update WEBCAST, 8AM-4PM 15WBWPTU 265 340 -30 Webcast TAX
New CPE programs are added
regularly to the online catalog:
www.wscpa.org/CPE/catalog
Questions? Need assistance finding a CPE program?
Call (800) 272-8273 (Toll-free in WA) or (425) 644-4800.
44 45WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
REGISTRATION Register at www.wscpa.org/cpe/catalog
Code Title Date City Fee1
3
Register online with credit card at www.wscpa.org/cpe/catalog or:
Questions? E-mail [email protected] or call the WSCPA.
2
2
• Call (425) 644-4800 or (800) 272-8273 (toll-free in Washington)
To pay by credit card, please visit www.wscpa.org/cpe/catalog or call (425) 644-4800.
• Mail form with check to WSCPA, 902 140th Ave NE, Bellevue, WA 98005-3480
WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org.
44 45WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
CLASSIFIED ADS
Detailed advertising information is available online at www.wscpa.org. Ads are $1 per word with a minimum fee of $50. Active e-mail and web site addresses are included. Classified ads are placed on the website for 60 days when received and in the next magazine when received by the deadline, December 1 for the Winter 2014/15 issue. Positions available ads are no longer avail-able in the magazine. To post a job listing, www.wscpa.org (click Job Board.) Want to list a rental or vacation property? Use the Miscellaneous category. Contact Janet White at (425) 586-1126, (800) 272-8273, Ext. 1126, or [email protected] for more information. All ads must be pre-paid. Find classified ads at www.wscpa.org under More.
OFFICE SPACEThree Downtown Seattle Waterfront Office Spaces for Rent! The Harborscape Professional Build-ing, a 5,000 square foot building on the waterfront one block north of the Seattle Aquarium, has three furnished waterfront offices available for rent. - 3 offices available ($2,000/for 3), option to rent only 1 or 2 offices (rent varies)- Access to two conference rooms -Kitchen- Access to the building on evenings/weekends- Janitorial service- Access to copy machine/postage machine- Office furniture provided. Please email [email protected] for more information!
Prime Issaquah Location – CPA or Law Office Space for Lease. Great opportunity for start up, relocation, or expanding CPA/Law office. Desirable Issaquah location providing 2588 sq ft with multiple rooms, great visibility and high traffic count. Abundant parking, convenient freeway access to I-90 and serene view of tranquil Issaquah creek from your offices. Visit flyer at: http://www.brandsman.com/IssaquahCreekside.pdf. Opportunities are endless. Must see to appreciate. Available now. Call 425-786-1411 or email [email protected]
MERGERS & SALESReady to retire or transition out? Let’s Talk. Looking to purchase a small accounting/tax practice in S. Snohomish / N. King County area. $75,000 - $175,000. Willing to work with seller on a desired transition plan. Please respond by e-mail to [email protected]
Small Seattle CPA Firm for Sale. North Seattle CPA firm, mostly tax practice with 0% financial statement preparation. Annual revenue of $275,000 to $285,000. Long term clientele, with $0 walk-in. Building available for long or short term lease. Owner retiring, but willing to work a couple years for successful transition. Please e-mail inquiries to [email protected].
San Juan Islands CPA Firm Available for Rock Star CPA. Are you ready to leave the big firm grind behind you and be your own boss? Unique opportunity for the right individual to own the top tax firm in the San Juan Islands and live the island lifestyle while making six figure income. To find out if you qualify for this opportunity email me at: [email protected]
PRACTICES FOR SALEContact Mark Hause at Accounting Practice Sales by e-mail at [email protected] or call (877) 345-7722 for more information on the following practices:
(WA 1062) Grays Harbor County Area Enrolled Agent Practice For Sale: This enrolled agent practice is primed for growth with a good mix of income tax and write-up professional services. The firm has excellent visibility due to being located on a high traffic count street and has been in the area for a number of years. In addition, the Seller offers the ability to retain the existing location which will make the transition of clients easy. This firm is a great opportunity for any number of buyers from a busi-ness minded accountant, to a firm looking to grow a book of business or offer an up an coming young associate ownership.
(WA 1081) Snohomish County CPA Practice For Sale: This CPA practice has all kinds of clients and services except attestation services. The majority of the firm’s revenue dollars come from income tax (60%) with the balance coming from write-up and consulting split almost evenly. Unlike many practices, this firm has a significant amount of business returns with excellent per return averages with no real con-centration in any industry. The firm’s write-up work adds balance to the revenue stream and provides out of season work for the staff. This practice is a really solid opportunity for any professional to take over on a turnkey basis and experience the challenge and reward of ownership with a loyal base of clients.
(WA 1083) Olympia/Lacey Area CPA Practice For Sale: This CPA practice is a tax and financial planning practice. The Seller is selling the tax practice and retaining the financial planning practice. The rev-enue dollars are provided principally by a good tax practice that is approx. 80% of total revenue. The tax practice has both individual and business returns with individual returns being approx. 60% of the tax work. The hidden part of this practice is an excellent staff that could accommodate a buyer looking to beef up their staff. The Buyer will need to be interested only in the tax and accounting and available for referrals from the financial planning side of the business.
(WA1084) Bothell, Mill Creek, Lynnwood Area CPA Practice For Sale: This quality CPA practice that has great balance is for sale. The firm is a long established practice that caters to a client base of individual and business returns. The firm also provides some compilations and payroll services for a
well-balanced annual revenue mix. With a tenured staff in place to assist in transition and provide capacity for growth, this practice would be ideal for any number of CPA’s looking for practice ownership or existing firms looking to expand their client base with year round client service offerings.
(WA1080) Spokane CPA Practice For Sale: This excellent CPA practice in a prime location is priced for immediate sale. The firm’s revenue dollars are varied but with an emphasis on income tax. The revenue mix is 76% income tax, 13% write-up, 10% consulting and the balance a compilation engagement. What sets this practice apart from many are the fees per return which are well above average. The ideal buyer for this practice will be an experienced professional(s) who enjoy helping clients with their annual tax and accounting, who seek realization rates well above the norm and who want immediate pos-session of a unique opportunity.
(WA1082) Whitman County/Pullman Area (SE WA) Tax Practice: This firm with a nice bal-ance of write-up and tax work is for sale. The revenue mix of the practice breaks out 88% income tax and 12% write-up. The office facility has some options for the buyer by being leased on a month to month basis along with being located on a high traffic count street. These factors create a great deal of flexibility on the location for the practice. This firm is the perfect opportunity for any accountant looking for a nice starter practice or a great add on to an established firm with the capacity to absorb additional work.
(WA1075) Vancouver CPA Practice for Sale: This CPA practice is seeking a merger and/or sale. The practice is very typical in that the majority of revenues are from income tax with the balance in write-up and consulting services. Without question, the owner is the rainmaker and driving force behind this practice. Given the need for an exit strategy, the owner wants to begin the process of transitioning the practice via merger or sale. The buyer would acquire a substantial practice with a sizable client base, an owner who wants to effectively transition toward his/her successor, and a commitment to continue in the rainmaking role while rendering professional services at a lesser pace than the past.
(WA1077) Seattle CPA Practice for Sale: This CPA practice is a firm that is a proven entity that provides a wide variety of services but has not provided any auditing or attestation in over ten years. The hallmark of this firm is the retention of clients and continuity of professionals rendering these services.
SOLD
continued on page 46
Bainbridge Island/Kitsap County Firm Available. Great opportunity to expand an existing practice or start a new one. For more info contact [email protected]
Considering Selling Your Practice? Consider all your options. We do the work. Confidential. We have buyers actively seeking practices. Call Mark Hause at (877) 345-7722 or visit our website at www.accountingpracticesales.com. Accounting Practice Sales. We make dreams happen!
IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm. We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com
Classified Ads
www.wscpa.org/more
46 47WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
CLASSIFIED ADS
Further, the firm has per return averages well above average that provides a net cash flow that is easily in the top percentile of firms this size in gross revenue. Any buyer will acquire a firm where all the hard work of building a practice has been completed and is primed for continued prosperity. This practice is available for immediate possession coupled with an owner that seeks to assist in a solid transition.
(WA1078) Port Orchard EA & Write-Up Practice for Sale: This EA practice is for sale. The practice is a tax and write-up practice with equal amounts of both professional services and a small amount of consulting. The firm has grown significantly in the recent year with a 35% increase in fees. The billing philosophy of the owner is a fee structure based on a by-the-job basis and not hourly. The result is an excellent realization rate on services performed that makes for a well above average profit percentage. This practice is a perfect opportunity for any accountant starting out on their own or a firm looking to add a solid base of clients.
(WA1079) Auburn, Sumner, Puyallup Area EA Tax Practice for Sale: This EA firm has owner(s) that want to sell and retire. The firm has a good mix of professional services that provides good year round income and not just tax season. The firm’s revenue mix is 63% income tax, 25% write-up, 7% payroll services with the balance being consulting. The office lease offers a great deal of flexibility for a new owner with the current agreement being on a month-to-month basis. The buyer of this practice will acquire a busi-ness well known in the community, with an excellent reputation for personal service, very good realization rates, and a year round income stream.
(WA1073) Island County EA Tax Practice for Sale: This well-established Enrolled Agent practice is for sale. The firm is well balanced with a tax practice that produces 71% of the firm’s revenue with write-up generating the remainder of the income. The practice is well positioned for future growth due to having a solid staff serving long term clients. The seller is retiring but will be available to assist in transition. For any firm looking for a satellite office, an existing practice wishing to branch out, or an individual who has aspirations of getting out on their own, this practice is an excellent choice.
(WA1070) Island County Area Tax Practice for Sale: This practice is a straight up tax practice with a broad spectrum of clients. The firm is full of long time clients who are serviced by the owner and a staff of over 100 years of experience. The revenues come from income tax 82%, write-up 16%, and misc. services of 2%. The fee averages are good with the individual returns averaging $350 and business returns $824. The practice is primed for a new owner that wants to start a practice or an expansion focused buyer. The timing could not be better for this opportunity.
(WA1069) Poulsbo CPA Tax Practice for Sale: This solid CPA practice with an excellent client base is for sale. The firm is full of satisfied clients who refer approx. 95% of all new clients. The firm with this kind of reputation works extremely hard at providing excellent service to a client base with a health mix of all types of clients. As with most firms, the practice mix consists of mostly individual returns but does have business returns as well. For buyers looking for an established practice or firms seeking markets for new growth this firm in one you should inquire about.
(WA1068) Seattle Tax Practice For Sale: This accounting firm is a tax and write-up practice that was formed 38 years ago. The mix of professional services is approx. 65% income tax, 32% write-up, and 3% consulting with excellent per return fees. The firm has always stressed excellent service to its clients. The result is a practice filled with long-term clients who refer excellent new clients. The firm’s clients interact with the practice generally by phone, mail, and electronic media making this practice one with very little walk in business. Most clients are located or work in the Seattle Central Metropolitan area and appreciate easy driving access of a neighborhood office location for those times when in person meetings are desired or necessary. In recent years, the practice has been pruned to allow the owner to transition to retirement, yet total fees have continued to increase. What remains are clients who are the envy of many firms. This practice is an ideal purchase opportunity for any professional looking for financial reward and professional challenge.
(WA1063) North Olympic Peninsula-Clallam County CPA Practice for Sale: This firm is a tax practice that many seek but few find with a significant amount of business returns coupled with the personal income tax returns that follow. The firm has an excel-lent location with a high traffic count which fosters walk-in business. The perfect buyer for this practice is a financially successful CPA looking for a practice that has a solid year round income from a variety of fiscal year ends that provides a relaxed pace and good work life balance.
(WA1065) South Puget Sound Area-CPA Practice for Sale: This CPA practice has a broad range of clients with no concentration in one area and a broad range of services that are rendered in the areas of income tax, auditing, and financial services. The firm has a history of stability that has fostered excellent client relationships that provide consistent referrals. This firm is further enhanced by an outstand-ing staff that has outstanding credentials making this firm unique in its ability to provide quality professional services at all service levels to all clients. The financial advisory segment of this practice makes it an obvious advantage for any firm looking to add to their suite of professional services. Any firm with designs on expanding services, looking for expertise, along with an outstanding client list has found an opportunity that is hard to beat with this firm.
PRACTICES FOR SALE continued from page 45
STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION
(REQUIRED BY 39 U.S.C. 3685)
1. Publication Title: The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 30 September 2014 4. Issue Frequency: Quarterly 5. No. of Issues Published Annually: 4 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bellevue, Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher: Washington Society of Certified Public Accountants, Editor: Jeanette Kebede, Managing Editor: n/a, Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name: The Washington CPA 14. Issue Date for Circulation Data Below: Summer 2014 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preceding 12 Months, Actual No. Copies of Single Issue Published Nearest to Filing Date). a. Total No. Copies (Net press run): 8,350, 8,800 b. Paid Circulation (By Mail and Outside the Mail): (1) Mailed Outside-County Paid Subscriptions Stated on PS Form 3541: 4093, 4316. (2) Mailed In-County Subscriptions Stated on PS Form 3541: 3956, 4192. (3) Paid Distribution Outside the Mail Including Sales through Dealers and Carriers, Street Vendors, Counter Sales, and Other Paid Distribution Outside USPS: n/a, n/a. (4) Paid Distribution by Other Classes of Mail Through the USPS (e.g., First-Class Mail®): 17, 22 c. Total Paid Distribution [Sum of 15b (1), (2), (3) and (4)]: 8066, 8530 d. Free or Nominal Rate Distribution (By Mail and Outside the Mail): (1) Free on Nominal Rate Outside-County Copies included on PS Form 3541: 105, 140 (2) Free on Nominal Rate In-County Copies included on PS Form 3541: 110, 80. (3) Free or Nominal Rate Copies Mailed at Other Classes Mailed Through the USPS: 0, 0 (4) Free or Nominal Rate Distribution Outside the Mail: 20, 18 e. Total Free or Nominal Rate Distribution (Sum of 15c and 15e): 235, 238 f. Total Distribution (Sum of 15f and g): 8301, 8768 g. Copies not Distributed: 49, 32 h. Total (Sum of 15f and g): 8350, 8800 i. Percent Paid: 97%, 97%. 18. Signature and Title of Editor, Publisher, Business Manager, or Owner: Jeanette Kebede. Date 9/30/14
VOLUNTEER POSITIONSThe following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more at www.wscpa.org (click on the Volunteer Opportunities link at the bottom of the homepage).
Bellevue Friends of the Library - new
Helping link/Mot Dau Noi
Municipal League of King County
Northwest Spay & Neuter Center - new
Parlamerica - new
46 47WashingtonCPA Fall 2014 www.wscpa.org www.wscpa.org WashingtonCPA Fall 2014
MEMBER VIEWPOINT
I like the quip of Mark Twain, “I was born humble but it wore off.” For me it is, “I was born humble and am grate-
ful for that.” One thing I find great about careers in accounting is that the barrier to entry is low, regardless of background, race or other circumstances. The path to a professional career in accounting can start from humble beginnings. Many accountants come from humble roots to accomplish a lot of good, professionally and otherwise.
In the summers where I grew up in Oregon, many of the children worked in the bean fields. Sometimes they even delayed the start of school until the crop was harvested. One year I received the award for picking more pounds of beans than any other worker, including the migrant workers who came and lived in their cars. That is part of the story of why I believe remembering those who are less fortunate is important. The bean fields are part of the story of how I was able to go to college. At the University of Oregon, in a sociology class, we took a field trip to visit a migrant farmworker camp near Salem. I remembered work-ing alongside them and seeing their plight firsthand. To this day, if someone calls me “bean counter,” it reminds me of being a bean picker.
I recently completed six years on the board for a charity in Seattle called Operation Nightwatch. This nonprofit’s clientele are the poor and homeless. I see their lives, compared to my own, are just a lucky break or two in life turned one way instead of the other. Operation Nightwatch itself has grown from humble beginnings, and it stays focused on its mission of serving the poor for the time they are homeless. We do not want them to stay in that status, but in the meantime they do need help. As Executive Direc-tor Rick Reynolds says, “In serving the
Remembering the Poor by Kell B. Rabern, CPA
needs of the poor and homeless, there is plenty of room for overlap without it being wasteful.” Other organizations serve other aspects of helping the plight of the poor.
I see unending opportunities for accountants to give back to their com-munities. Accountants are valuable to every charitable endeavor. Accountants bring financial expertise and objective analytical skills needed to help guide a charity. Charities need help to prudently manage their financial resources and to wisely and diligently apply them to the programs. There are many opportunities for CPAs, so it is a matter of choosing based on passions. Grasp your passion, and give back!
You may ask WIIFM (“What’s in it for me?”). Here is the bottom line: I believe that serving in any capacity is reward-ing in that you are able to work along-side others, get to know them, and gain
their respect. It is part of a fulfilling life. Whether you seek to translate that into business development is a personal choice of how you measure success. For me, that is not an element of success measurement. For someone else, it may be. Charity service does not need to be completely altruistic. Your assessment of WIIFM is unique to you. Go for it!
Kell Rabern, CPA, is Accounting & Assur-ance Services Director with Bashey, Hutchin-son, & Walter in Bellevue. You can contact him at [email protected].
In the summers where I grew up in Oregon, many of the children worked in the bean fields... One year I received the award for picking more pounds of beans than any other worker, including the migrant workers who came and lived in their cars. That is part of the story of why I believe remembering those who are less fortunate is important.
Periodicals postage paid at Bellevue WA and additional mailing offices
Your Profession. Your Future. Your Advocate.
WashingtonCPAs @wscpawww.wscpa.org/linkedinJoin the WSCPA group!
Left Out Larry, CPA
Nobody reminded me to register for the conference.
My whole team is there.
www.wscpa.org/conferences
Don’t be left behind this year. Register now for these conferences!
November 20-21Not-for-Profit Conference
December 5 Fraud Conference
December 8-9 Information TechnologyConference
