January/February 2017 - Florida CPA Today | Volume 32, Number 1 by Florida Institute of CPAs

florida C P A

TODAY

JANUARY/FEBRUARY 2017

VOLUME 33, NUMBER 1

A P U B L I C AT I O N O F T H E F LO R I DA I N S T I T U T E O F C E R T I F I E D P U B L I C A C C O U N TA N T S

cover story

features 8

IRS Collections Standards: Deflation Inflates Minimum Payments

Demand Rising for Accounting Advisory Services Are you ready?

16 20 27

Robert Half Offers 2017 Salary Guide Update on S Corporations 17 Must-have Apps for 2017

Non-resident Alien Income Tax Compliance

departments 5 6

Chair’s message

7 18 22 24 26 28 i

President’s message

Take Five Meet Mia Thomas, CPA

News briefs CPAs in the spotlight Staff reports DOR update Marketplace Of Course

27 FLORIDA CPA TODAY

www.ficpa.org

F L O R I D A

PRESIDENT/CEO Deborah L. Curry, CPA, CGMA DIRECTOR OF COMMUNICATIONS & STRATEGIC MARKETING Todd Schimpf EDITOR Suellen D. Wilkins GRAPHIC DESIGNER Loleta K. Bolden EDITORIAL COMMITTEE Lynda M. Dennis, CPA, chair Ryan A. Myers, CPA, vice chair Keith C. Blackman, CPA Walter C. Copeland, CPA Douglas E. Day, CPA David J. Hochsprung, CPA Michael S. Kridel, CPA Troy Y. Manning, CPA William C. Quilliam, CPA All articles submitted to Florida CPA Today are subject to technical review, Editorial Committee review, space availability and editing requirements and restrictions. Please contact the editor before submitting unsolicited manuscripts. Florida CPA Today publishes letters to the editor in its Membersâ&#x20AC;&#x2122; Forum. For information about the guidelines, visit www.ficpa.org/letterstoeditor. Statements expressed herein are those of the identified authors and not necessarily those of the Florida Institute of Certified Public Accountants, Inc., nor should statements be considered endorsements of products, procedures or otherwise. The FICPA reserves the right to reject any editorial material or paid advertising that does not meet Florida CPA Today criteria or detracts from its ethical and professional standards. Florida CPA Today is published bimonthly by the Florida Institute of Certified Public Accountants, Inc., P.O. Box 5437, Tallahassee, FL 32314. Telephone: (850) 224-2727 or (800) 342-3197. (Street address: 325 West College Ave., Tallahassee, FL 32301.) Visit our website at www.ficpa.org. This magazine is provided to members of the FICPA. No specific amount of your dues, either expressed or implied, is for this publication. This magazine is not available for purchase by either FICPA members or nonmembers. For display advertising information, contact the FICPA Marketing Department at (850) 224-2727, Ext. 270. ÂŠ 2017 by the Florida Institute of Certified Public Accountants, Inc. All rights reserved. Reproduction in whole or part is prohibited without the express written consent of the FICPA.

JANUARY/FEBRUARY 2017

chair’s

Political Process Presents Wealth of Opportunity F

MESSAGE

Joey Epstein, CPA

inally! Everyone is breathing a sigh of relief that election season is finally over. Although quite controversial and divisive this past round, it still is one of the most important parts of our system, and what sets us apart.

members have included Debbie WassermanSchultz (now a U.S. Congresswoman), Ken Gottlieb, Ron Greenstein, Ari Porth, Stacy Ritter, Franklin Sands, Jim Waldman and Richard Stark.

As most of you know I’ve been integrally involved in the political process. I’ve served as a Florida CPA Political Action Committee (PAC) trustee for 20 years and currently serve on the Main and South PACs. People often ask how I got started/interested in the political process, and how I’ve developed such strong personal relationships with our elected officials.

These relationships have helped the FICPA greatly over the years. Most of these legislators have sponsored or co-sponsored many pieces of legislation on our behalf, and they all are still personal friends today.

Unlike many people, I didn’t start in high school or college. Quite frankly, I had very little interest at that time. It wasn’t until I’d been out of school several years and working for a local CPA firm in Hollywood. A local lawyer, Larry Smith, was a new client who was serving in the Florida Legislature. After redistricting in 1980, he ran for a new Congressional seat in South Broward and I became his campaign treasurer. He was elected and was an extremely prominent political figure in Broward County for the next 10 years. The FICPA had a Federal Legislative Policy Committee (which later was disbanded; I’ve served on State Legislative Policy ever since) at that time and I became an active member. I also met and became friendly with most of the local and state elected officials in Broward. One of the big jokes was that I was each elected official’s treasurer or CPA (a little exaggerated!). I also became very active in the FICPA’s Key Person Contact Program (KPC). Over the years, these relationships have included Sens. Skip Campbell, Howard Forman, Ellyn Bogdanoff, Dave Aronberg, Nan Rich and Jeremy Ring, to name a few. My contacts among House FLORIDA CPA TODAY

You’ve heard it before, but I cannot stress enough the importance of developing and maintaining these contacts. There are hundreds of potential bills that affect us and we have to stay in touch with those responsible for passing or defeating them. Keep in mind, the same legislator can have several KPCs. The more they hear from us, the more effective we can be. Term limits only have magnified the need for you, our members, to stay active. It also allows more of our younger members to get involved early. The PACs also are important to maintaining these relationships statewide and to “being heard.” We have four regional PACs so we can contribute more money to candidates than organizations that have only one PAC. However, to remain relevant, we must maintain a high level of contributions during each election cycle. Please become involved in any manner that is comfortable for you. It is a never-ending process and we always need your help. Thank you!

FCT

For information about the Key Person Contact Program and the Florida CPA/PAC, visit www. ficpa.org/KPC and www.ficpa.org/PAC. www.ficpa.org

TAKE

five

Meet Mia Thomas, CPA

Mia Thomas (center) talks with Beatriz Martin (left) and Ileana Alverez about on-site CPE at Vizcaino Zomerfeld, LLP.

ia Thomas, CPA is the FICPA’s director of customized learning. She is responsible for promoting, selling and coordinating all customized on-site learning solutions, CPE programs and educational opportunities. Thomas builds relationships with firms and businesses, as well as governmental and other organizations, to promote the benefits and services of the FICPA and on-site learning. Working with the FICPA Continuing Professional Education team, Thomas coordinates arrangements for on-site programs. She telecommutes from the FICPA headquarters office in Tallahassee. What was your first job? When I turned 16, I became a service hostess (waitress) at Walt Disney World ® Resort’s Liberty Tree Tavern. It was the only theme park in Orlando at the time, and one of only two restaurants in Disney. It was a great experience that helped me become comfortable with talking to strangers. It also taught me the simplest acts of kindness can bring joy and giggles to children. What’s your favorite meal to eat and drink? Chu Chee prawns and Thai tea. To make? Coho salmon. What do you like to do on your day off? I love spending time with my family. One of my sons plays the trumpet in his high school jazz ensemble and their symphonic band. He also plays baseball. My other son is in his high school drama and chorus programs, and recently performed at the EPCOT Candlelight Processional and a theater production

The Thomas family created this mosaic using broken ceramic plates, cups and tiles.

of Footloose. The three of us play in our church orchestra (I play the flute). We also play the piano. I’m active with my church’s mission in Kenya. When I have free time I make jewelry, and we just finished a family mosaic project. The mosaic project was special because I had my children, nephews and niece make mosaic hearts out of broken ceramic plates, cups and tiles. We then made our own large mosaic out of the hearts for each family. The message is that sometimes life gives us brokenness, but with time you can put it back together and make something beautiful. I enjoy going to the beach, but I don’t get to visit as often as I’d like. That’s my one Zen place where I can smell the salt in the air and listen to the rolling waves. Tell us about your role at the FICPA. I love meeting with other CPAs and sharing that our organization has the resources and tools for their firms and companies to nourish, engage, equip and empower employees with lifelong learning opportunities. We deliver customized education programs to their offices. It’s nice that we can bring speakers to them, saving staff travel time and tailoring speakers to companies’ specific needs. We also have web-based online learning packages offering a multitude of topics. FCT

We are #FicpaStrong Follow Mia on twitter: @miacpa27

president’s

Legislative Preparation Begins with New Year I

MESSAGE

Deborah L. Curry, CPA, CGMA

t’s a new year with endless possibilities for change. We always hope the change will be good, but we don’t always have total control over the outcome of a certain event. However, through proper preparation, we can control what we do to prevent anything negative from taking place. This particularly applies to our legislative activities at the Florida Capitol.

policies the committees have proposed. This involves extended discussions to determine appropriate policy language to address specific issues, as well as multiple revisions. Because of the technical nature of its work, the SLP Committee is comprised of representatives from a range of practice areas to ensure we consult experts from each field.

We go through a rigorous process to prepare for each legislative session. The process starts months in advance and entails several steps designed to prepare our governmental affairs team to engage on the profession’s behalf during the 60-day session. The process can take up to six months and includes input from many of our members.

After the SLP Committee has adopted the final legislative policies, they are presented to the FICPA Council for approval. The document then becomes the FICPA’s official position on countless issues such as sales tax on services, peer review, changes to CPE requirements and many others. The outline serves to inform our members and the public about our organization’s position on various topics. It also provides our Governmental Affairs team with the direction they need to tackle almost any issue that arises during session.

FICPA committees play an important role in our advocacy efforts. Each July, we work with our State Tax, State and Local Government, and CIRA committees, among others, to identify practice-related issues we may need to address during session. Many committee members serve as issue experts and assist us with analyzing legislation when it is introduced for consideration. Based on issues the committees identify, we create a draft policy for the FICPA Committee on State Legislative Policy (SLP) to review. The SLP Committee meets each September to review current policies guiding FICPA advocacy efforts, as well as any new

I hope all of our members will review this year’s policies and stay informed about issues important to our profession. Our team works every day to ensure you have a voice in the legislative process. We’re always available to answer questions or address concerns you may have. Thank you for your continued support of our advocacy efforts. We cannot be successful in this mission without you. FCT

The FICPA’s 2017 Legislative Policies will be available on our website at www.ficpa.org/legislativepolicies.

FLORIDA CPA TODAY

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IRS Collections Standards: Deflation Inflates Minimum Payments

or partial collection of such liability.” There are interpretive regulations as well as administrative rules and case law. The Internal Revenue Manual (IRM) provides guidance to IRS employees and tax practitioners regarding these procedures.

Well-informed practitioners can provide a valuable service to clients in distress by facilitating an agreement that satisfies IRS standards through payments clients can afford, providing them with a valuable path to financial recovery.

Part Five of the IRM is titled “Collecting Process” and provides guidance to IRS employees as to how to secure payments. When a taxpayer fails to satisfy the criteria of either a Streamlined or Guaranteed agreement, the IRS employee must obtain financial information from the taxpayer by filing one or more forms in the 433 series. The purpose of the financial analysis is to determine the taxpayer’s assets, liabilities, income, expenses and ability to pay the original tax liability and accruing interest and penalties.

ne of the more challenging engagements a tax practitioner can accept is assisting taxpayers with delinquent payments. Practitioners must be very familiar with current rules and forms and, importantly, be aware of the inherent cash flow and professional liability risks that accompany representing clients with financial impairments. This area of tax practice evolves each year and requires specific knowledge, skill sets and communication skills that differ from ordinary engagements.

IRC allows more than one type of installment agreement Many taxpayers who pay their taxes late may enter an installment agreement with the IRS. Several years ago I wrote an article on this topic, appearing in this publication, focusing on the Guaranteed Installment and Streamlined Installment Agreements. These are excellent opportunities for tax practitioners to help clients defuse a difficult situation and add value to the accountant-client relationship. Fortunately, there still is the opportunity to request a standard installment agreement if a taxpayer does not qualify for one of these agreements. The authority for the IRS to enter an installment agreement is granted by the Internal Revenue Code (IRC) Section 6159, Agreements for Payment of Tax Liability in Installments. The “magic words” of Section 6159(a) are, “… if the Secretary determines that such agreement will facilitate full 8

By Russell F. Dunn, CPA, MS Tax, CGMA

JANUARY/FEBRUARY 2017

Allowable expenses decreased in 2016 In the 1990s, the IRS undertook an approach of treating taxpayers with a common set of collection rules. The premise was IRS economists and financial analysts could determine “Allowable Living Expenses” for taxpayers. These rules produced tables intended to objectively quantify what would be considered reasonable lifestyle expenditures prior to paying the delinquent amounts due the government. The operative collection and timeline theories were that taxpayers who are delinquent and cannot pay their delinquent balance, including accrued penalties and interest, in full within six years of the assessment date should make minimum monthly payments based on a set of standard allowable living expense amounts, beyond which the remainder should be paid to the government. The underlying intent of these rules is to promote fairness by requiring collections personnel to apply the same standards to all taxpayers.

Part Five, Chapter 15 of the IRM contains Section 1, Financial Analysis Handbook. This handbook contains an overview of the Allowable Expenses and details about specific expense and payment issues. Allowable expenses have three primary categories: national, local and other. National expenses include food; housekeeping supplies; apparel and services; personal care products and services; and miscellaneous. Local expenses are further categorized by housing and transportation.

2015 2016

Monthly take-home pay

$3,172

Housing National standard Medical Car ownership Car maintenance

$1,219 $1,097 585 570 60 54 517 471 244 220 $2,625 $2,412

These amounts changed as of March 20, 2016 and produced a lower allowance in certain expense categories that generate a higher required monthly payment. Here is an example of the effect on a taxpayer due to the required monthly payment changes from 2015 to 2016.

Monthly payment

Joan is a single taxpayer living in DeSoto County, Florida. She was an independent contractor and, failing to make estimated tax payments, owes $60,000 in delinquent tax, penalties and interest from prior tax years. The monthly payment for a payment in full within six years exceeds $800 per month and she states she cannot afford that payment. Joan now is an employee earning $4,000 monthly (paid semi-monthly). Her monthly withheld Social Security is $306 and her withheld federal income tax is $522. Joan has take-home pay of $3,172 per month. Joanâ&#x20AC;&#x2122;s monthly minimum payments for 2015 and 2016, respectively, are calculated as follows:

FLORIDA CPA TODAY

$547

$3,172

$760

The 2016 standards, each of which is less than those in 2015, produce a $213 higher monthly payment (a 38.9 percent increase). The accompanying table reflects the various changes from 2015 to 2016. This analysis illustrates that, for tax practitioners assisting clients with delinquent tax-payment arrangements, the going just got tougher. FCT To view a chart comparing 2015 and 2016 IRS standards, visit www.ficpa.org/IRSstandards. Russell Dunn is a former IRS revenue agent and a tenured faculty member at Broward College. He has been an adjunct faculty member at Florida Atlantic University and Florida International University, where he was voted Best Professor in the Executive Master of Science in Taxation program. He concentrates his practice in IRS Controversy and also provides CPE for the FICPA.

www.ficpa.org

COVER

story

Non-resident Alien Income Tax Compliance By Carol A. Vance, Esq., CPA and Nathan Wadlinger, Esq., CPA

s foreign investments and migration become increasingly common, CPAs face varied and challenging compliance responsibilities. This article, the first of a two-part series, will help CPAs understand filing requirements and other concerns regarding non-resident aliens (NRAs) with respect to the federal income tax. The second article, which will appear in a subsequent issue of Florida CPA Today, will address NRA issues with respect to federal wealth transfer taxes.

Who are NRAs? NRAs are defined in the negative in that they are neither U.S. citizens nor resident aliens. Taxpayers may be NRAs if they are not U.S. citizens and do not meet one of two tests: 1. Green Card Test: This test is met if the U.S. Citizenship and Immigration Services have issued an alien registration card. 2. Substantial Presence Test (SPT): This requires a physical presence in any of the 50 states or in the District of Columbia for least 31 days during the current tax year and 183 days during the threeyear period including the current tax year and the two prior years. This is prorated and calculated as follows: •• 100 percent of the days present in the current tax year; and •• 33.3 percent of the days present in the first prior tax year; and •• 16.6 percent of the days present in the second prior tax year. The SPT does not include days commuting; in transit; aboard a foreign vessel in U.S. waters; in the U.S. per medical requirement; or under a diplomatic, student, teacher or professional-athlete visa while competing in a charitable event. 10 JANUARY/FEBRUARY 2017

Even if the SPT is satisfied, it still is possible for a person to receive NRA treatment if he or she is present in the U.S. for fewer than 183 days in the current year; maintains a foreign tax home for the year; and keeps a closer connection to another country than to the U.S.

NRA filing requirements NRAs are required to file either Form 1040NR or 1040NREZ if they are engaged in a U.S. trade or business, or if they have received U.S. income for which withholding was insufficient to cover the tax liability. They also should file, of course, to claim refunds on any withholding. Returns generally are due April 15 each year if wages subject to withholding were received, or by June 15 with no wages or U.S. trade or business income. Returns may be extended using Form 4868. Before leaving the U.S., an NRA generally must obtain a certificate of compliance and must file Form 1040-C, along with the annual income tax return. Because it is possible to obtain a green card at any point during a calendar year, it also is possible to qualify for dual status in that tax year. Before obtaining a green card, the taxpayer could be considered an NRA. After receiving a green card, that same taxpayer also could be a resident alien. Therefore, two types of returns (1040NR and 1040) may need to be filed in this dual-status year.

NRA income NRAs typically may have two types of U.S.-source income: 1. Income that is Effectively Connected to U.S. Trade or Business (ECTB). This income is subject to allowable deductions and to the same graduated tax rates applied to U.S. citizens. 2. Fixed, Determinable, Annual or Periodic (FDAP) income. FDAP income typically is passive investment income, but could include any type of income. Deductions against FDAP are not permitted and a

FLORIDA CPA TODAY

www.ficpa.org www.ficpa.org 11

COVER

story

flat 30 percent tax rate applies unless a lower treaty rate qualifies. This income is reported on page four of the 1040NR. NRAs are not subject to U.S. income tax on all worldwide income in the same manner as resident aliens and U.S. citizens.

ECTB income NRAs performing personal service in the U.S. for wages, benefits and pensions have earned ECTB income. When NRAs are named as any type of conduit, such as owner/ operator, partner or beneficiary of a trust or estate while the underlying entity is engaged in U.S. business, then income, gains and losses from these sources are effectively connected with a U.S. business. This category generally applies to foreigners working or operating U.S. businesses, but also can include a foreign company operating a trade or business in the U.S. with a U.S. location where income is derived. Trading in stocks, securities or commodities for oneself or through a broker dealer does not constitute a trade or business.

FDAP income Passive investment income such as interest, dividends, rents and royalties generated from the U.S. government, businesses, individuals or assets located or used in the U.S. generally are treated as FDAP income. This category generally applies to foreign investors.

Special situations Student and trainee NRAs temporarily present under visas and receiving scholarships or fellowships must treat those receipts as income and may receive the same treatment as a U.S. student. Eighty-five percent of Social Security benefits an NRA receives must be included in U.S. income unless a treaty exception applies. On the other hand, pleasure-seeking NRA gamblers with U.S. winnings from sources such as blackjack, baccarat, craps, roulette or big 6 wheel may exclude these winnings from U.S. income. Married taxpayers subject to U.S., foreign or U.S. possession community property laws may be subject to those laws in determining their separate incomes unless they both are NRAs, or one is an NRA and the other is a U.S. citizen or resident. Under Internal Revenue Code (IRC) section 871 (d), passive investor NRAs may elect to report U.S.-located rental or royalty income on schedule 12 JANUARY/FEBRUARY 2017

E, deducting allowable expenses and calculating tax due only on the net rental or royalty income realized.

Joint return election A married couple generally may not file a joint return if either spouse is an NRA at any time during the year. However, there is an election under IRC § 6013(g) to allow married couples to file jointly if one spouse is a U.S. citizen or resident. Under this election, an NRA is treated as a resident alien for purposes of normal income taxes, withholding of income taxes on wages, and certain procedural provisions; but not for other taxes including the self-employment tax and the net investment income tax imposed by IRC § 1411. Nevertheless, an NRA can make a separate election to be treated as a resident alien for purposes of IRC § 1411. The process to make this separate election follows similar rules as the election under IRC § 6013(g). To properly make the election under IRC § 6013(g): 1. The individual must be an NRA. 2. The NRA must be married to a U.S. citizen or resident alien at the close of the taxable year for which the election is being made. 3. A statement making the election must be attached to a joint return. 4. The election must be made timely. There is no specific form used to make the election. The election is made by attaching a statement to a joint Form 1040 for the first taxable year in which the election is to be in effect. The statement should include: 1. A declaration that the election is being made and that the four requirements above are met 2. The name, address and taxpayer identification number of each spouse 3. Each spouse’s signature For the election to be timely, the spouses must file the amended joint return and election within three years of the date they filed their original U.S. income tax returns or two years from the date they paid their income taxes for that year, whichever is later. Once made, the election is in effect for all subsequent years. However, the election can be ended by revocation, death, legal separation or inadequate record. Individuals making this election

generally are prohibited from claiming benefits under a U.S. income tax treaty as a resident of a treaty country.

NRAs as S corporation owners

The second article in this two-part series will prepare CPAs to address federal wealth transfer compliance responsibilities related to NRAs. FCT

The joint return election alleviates many income tax issues. One major example involves S corporations. An NRA may not own stock in an S corporation; otherwise, the S corporation would terminate and become a C corporation for federal tax purposes. An ownership interest can result not only by direct ownership but also by indirect ownership through state or foreign community property laws involving a U.S. citizen or resident spouse owning stock in an S corporation. An IRC ยง 6013(g) election may allow an NRA to own the stock of an S corporation either directly or indirectly through the spouse under community property laws.

Carol A. Vance, Esq., CPA is an instructor in the College of Business at the University of South Florida SarasotaManatee. She is a practicing Florida attorney and CPA representing high net worth entrepreneurs and their businesses. She is a member of the FICPA Federal Taxation Committee.

NRA income tax issues, although unique, are becoming more prevalent in our global economy. CPAs must be prepared to address NRA filing requirements, distinguish among various types of NRA income, navigate joint return filing issues when one spouse is an NRA, and more.

1. IRS PUB 519 Topic 851 2. Publication 519 3. WGL Eustice and Kuntz Federal Income Taxation of S Corporations 4. WGL Peroni and Kuntz U.S. International Taxation

FLORIDA CPA TODAY

Nathan Wadlinger, Esq., CPA is an FICPA member and an instructor in the College of Business at the University of South Florida St. Petersburg.

Resources:

www.ficpa.org

Demand Rising for Accounting Advisory Services

Are you ready?

t may not be surprising that the accounting services industry is projected to grow 1.8 percent between 2012 and 2017. But it may come as a surprise that specialized advisory services are projected to grow the most aggressively – at a 5.7 percent clip – during that same period. There also is an increasing international demand for expertise in emerging accounting and auditing areas. Accounting organizations around the globe are addressing this with specialized resources and advisory service credentials. Here are a few highlights for specific advisory service areas.

Forensic and valuation service professionals – trusted experts around the globe In response to increased market demand for specialized services and a recognition of the rapidly growing forensic

accounting and business valuation disciplines, the Accredited in Business Valuation (ABV®) credential was created in 1997, and the Certified in Financial Forensics (CFF®) credential in 2008. The global demand for qualified forensic and valuation specialists continues to grow as courts and other triers of facts seek CFF and ABV credential holders and recognize them as experts in their fields. In the 2013 “Top 100 Firms” issue of Accounting Today magazine, it was noted that more than 77 percent of firms offering business valuation services reported significant growth. In addition, 74 percent reported growth in litigation support (fifth largest population), and 65 percent reported growth in forensic accounting (seventh largest population).

Information management and technology assurance in an increasingly complex world Today, many corporate executives and operational managers expect immediate, on-demand financial information, advice and services. As a result, accounting operations and information management systems are becoming increasingly interdependent. As technology evolves and advances, ensuring the integrity and transparency of financial data and business-reporting information becomes a more complex process, and more critical than ever. Qualified financial professionals who hold the Certified Information Technology Professional (CITP®) credential are equipped to provide assurance for, or business insight into, financial-related data, processing or reporting in an ever-changing business environment. 14 JANUARY/FEBRUARY 2017

From AICPA reports

The aging population and personal financial planning As baby boomers age and retire in record numbers, they are increasingly looking for objective financial guidance and advice to help prepare them for the next stage of their lives. This is triggering a greater demand for personal financial planning services and resources. Other factors driving this growth are tax-law complexities and an uncertain regulatory, political and economic environment. The Personal Financial Specialist (PFSâ&#x201E;˘) credential was created in response to the increased market demand from FLORIDA CPA TODAY

this growing population segment and rapid growth in the number of financial professionals providing personal financial planning. Building on your expertise with an AICPA advisory service credential makes a strong statement. It sets you apart and gets you noticed. Credentials boost your career potential and credibility. Most of all, an AICPA credential establishes you as an expert. And that can be an invaluable addition to your rĂŠsumĂŠ and practice. FCT Learn more at aicpa.org/aicpacredentials.

www.ficpa.org

Robert Half Offers 2017 Corporate Accounting Chief Financial Officer a Company Sales in Millions $100-250 $ 50-100

2016 2017 % change $155,250 - $217,250 $127,250 - $177,750

Fort Myers Jacksonville 2017 2017

$161,000 - $225,250 $132,000 - $184,750

3.7% 3.7%

$145,705 - $203,851 $152,950 - $213,988 $119,460 - $166,746 $125,400 - $175,038

$114,750 - $153,000 $119,250 - $159,750 $95,000 - $129,250 $99,250 - $134,500

4.2% 4.2%

$107,921 - $144,574 $113,288 - $151,763 $89,821 - $121,723 $94,288 - $127,775

Public Accounting 2016 2017 Tax Services Mid-size Firmsb,c

% change

Controller a Company Sales in Millions $100-250 $ 50-100

Senior Manager/Director a Manager a Senior

$114,250 - $175,500 $118,250 - $182,250 $93,500 - $129,500 $97,000 - $134,250 $74,000 - $101,000 $76,750 - $104,750

3.7% 3.7% 3.7%

$107,016 - $164,936 $112,338 - $173,138 $87,785 - $121,496 $92,150 - $127,538 $69,459 - $94,799 $72,913 - $99,513

$111,750 - $172,750 $116,250 - $180,000 $93,000 - $124,750 $96,750 - $130,250 $74,500 - $97,500 $77,500 - $101,500

4.1% 4.2% 4.1%

$105,206 - $162,900 $110,438 - $171,000 $87,559 - $117,876 $91,913 - $123,738 $70,138 - $91,858 $73,625 - $96,425

Audit/Assurance Services Mid-size Firmsb,c Senior Manager/Director a Manager a Senior

Bonuses and incentives reflect an increasingly large part of overall pay at this level and are not included in the salary ranges listed above. Advanced degrees or professional certifications also are assumed at this level. a

Large firms = $250+ million in sales; Midsize firms = $25 million to $250 million in sales; Small firms = up to $25 million in sales.

Salary does not reflect overtime or bonuses, which are significant portions of compensation for these positions.

Unless otherwise noted (see footnote “a”), add 5-15 percent to graduate degrees or professional certifications.

obert Half recently published its 2017 Salary Guide for Accounting and Finance, which features information on the latest compensation and hiring trends in the financial fields. The data is based on the thousands of job searches, negotiations and placements Robert Half manages each year, along with the company’s ongoing surveys of executives. Hot positions include accounting manager; business analyst and business-systems analyst; commercial lender; compliance officer; controller; credit analyst; financial analyst; internal auditor and IT auditor; payroll manager; senior accountant; and staff accountant. In-demand experience includes: •• Advanced Excel skills •• Knowledge of enterprise resource planning systems, especially SAP, Oracle and Great Plains

16 JANUARY/FEBRUARY 2017

•• Experience with data analytics and database management software, particularly SQL •• Proficiency in Hyperion, for financial analyst positions •• QuickBooks expertise, in small and mid-sized businesses •• Strong oral and written communications skills •• Leadership abilities •• Adaptability and flexibility •• Ability to collaborate with multiple departments •• Multilingualism Robert Half’s 2017 Salary Guide includes local variances for many U.S. cities. Readers can use the variance numbers to calculate local salary ranges based on national ranges. Above are national salary averages for eight positions in corporate and public accounting, along with local-variance calculations for nine major Florida cities. FCT

From FICPA communications staff reports

Salary Guide

Miami/Ft. Lauderdale Melbourne 2017 2017 $172,270 - $241,018 $145,705 - $203,851 $141,240 - $197,148 $119,460 - $166,746

Orlando 2017

St. Petersburg 2017

Tampa 2017

West Palm Beach 2017

$161,000 - $225,250 $155,365 - $217,366 $158,585 - $221,871 $161,805 - $226,376 $132,000 - $184,250 $127,380 - $177,801 $130,020 - $181,486 $132,660 - $185,171

$127,598 - $170,933 $107,921 - $144,574 $119,250 - $159,750 $115,076 - $154,159 $117,461 - $157,354 $119,846 - $160,549 $106,198 - $143,915 $89,821 - $121,723 $99,250 - $134,500 $95,776 - $129,793 $97,761 - $132,483 $99,746 - $135,173

$126,528 - $195,008 $107,016 - $164,936 $118,250 - $182,250 $114,111 - $175,871 $116,476 - $179,516 $118,841 - $183,161 $103,790 - $143,648 $87,785 - $121,496 $97,000 - $134,250 $93,605 - $129,551 $95,545 - $132,236 $97,485 - $134,921 $82,123 - $112,083 $69,459 - $94,799 $76,750 - $104,750 $74,064 - $101,084 $75,599 - $103,179 $77,134 - $105,274

$124,388 - $192,600 $105,206 - $162,900 $116,250 - $180,000 $112,181 - $173,700 $114,506 - $177,300 $116,831 - $180,900 $103,523 - $139,368 $87,559 - $117,876 $96,750 - $130,250 $93,364 - $125,691 $95,299 - $128,296 $97,234 - $130,901 $82,925 - $108,605 $70,138 - $91,858 $77,500 - $101,500 $74,788 - $97,948 $76,338 - $99,978 $77,888 - $102,008

To access Robert Halfâ&#x20AC;&#x2122;s Salary Calculator, or to order or download a free copy of the 2017 Robert Half Salary Guide for Accounting and Finance, visit www.roberthalf.com/ salarycenter. Portions of this article are reprinted from the 2017 Robert Half Salary Guide for Accounting and Finance with permission of Robert Half. FLORIDA CPA TODAY

www.ficpa.org

NEWS

briefs

FAF Names Harold Monk Jr. as FASB Member

Scott Reappoints Schandel to Medical Center Board of Commissioners

he Board of Trustees of the Financial Accounting Foundation recently announced the appointment of Harold L. Monk Jr., CPA, CFE to the Financial Accounting Standards Board.

ov. Rick Scott recently announced the reappointment of Susan Schandel to the Halifax Hospital Medical Center Board of Commissioners.

Monk is a partner with Carr, Riggs & Ingram, LLC and currently serves on the Private Company Council. He helped form Davis, Monk & Company, which merged with Carr, Riggs & Ingram in 2010. He has served as chairman of the AICPA’s Auditing Standards Board, as a member of its Board of Directors and as chairman

Harold L. Monk Jr., CPA

of the AICPA’s Private Companies Practice Section. Monk’s term will begin Jan. 1, 2017 and conclude June 30, 2022, when he will be eligible for appointment to an additional term of five years. He will succeed Daryl Buck in this position and as FASB liaison to the Private Company Council. FCT

Schandel, of Ormond Beach, has been the senior vice president and chief financial officer of NASCAR since 2008. She is reappointed for a term beginning Oct. 24, 2016, and ending May 23, 2019. FCT

Susan Schandel, CPA

E.M. “Jim” Campbell Jr. Passes Away

Photo credit: Bob Soto

Berkowitz Pollack Brant Announces Leadership Changes

Joseph Saka, incoming CEO of BPB

erkowitz Pollack Brant Advisors and Accountants recently announced its succession plan, introduced a new chief executive officer and elevated the former CEO to the position of founding and executive chairman. Joseph L. Saka, CPA/PFS, has been named chief executive officer. Richard A. Berkowitz, JD, CPA, who founded the 18 JANUARY/FEBRUARY 2017

firm in 1980, has been named founding and executive chairman. And Edward N. Cooper, CPA, has been named director-in-charge of the tax services practice, the role formerly held by Saka. Saka has led the Tax Services practice since 2010 and has served on the firm’s Executive Committee, Management Committee, and Strategic Planning Committee. Cooper joined the firm in 2012 and focuses his practice on real estate consulting, complex partnership structuring and corporate tax planning. He will lead the firm’s seventy-five member tax practice, including continued expansion of services, process improvement and efficiencies, and clientservice teams. FCT

E.M. “Jim” Campbell Jr. (first row, far right) attends a meeting of the Yellow Ribbon Club, which includes past FICPA presidents and Board chairs, during the 2014 Mega CPE Conference.

ICPA Past President Jim Campbell passed away Dec. 11 following a short and valiant battle with multiple myeloma. Married to wife Geri Campbell for 62 years, Jim was an exceptional husband; father to two sons, Ned and Robert; grandfather to four; CPA and FICPA leader. Known as one who hadn’t met a stranger, Campbell never stopped making new connections and renewing old ones. His son and longtime FICPA past-staffer Ned Campbell said of his dad, “…he was one of the boys from old Florida and a loyal Gator fan

in all kinds of weather – I attended Gator football games with him for 49 years.” Jim was managing partner of Campbell & Associates, PA, CPA in Winter Haven and a 47-year member of the FICPA. In lieu of flowers, the Campbell family has asked that memorial contributions be made to the FICPA Educational Foundation. Online donations may be made by visiting ficpa. org/Campbell or, mail your check payable to the FICPA Educational Foundation at P.O. Box 5437, Tallahassee, FL 32314. FCT

Some 2017 Tax Benefits Increase, Others Are Unchanged IRS Newswire he IRS recently announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 provides details about these annual adjustments. The tax year 2017 adjustments generally are used on tax returns filed in 2018. The tax items for tax year 2017 of greatest interest to most taxpayers include these dollar amounts: The standard deduction for married filing jointly rises to $12,700 for tax year 2017, up $100 from 2016. For single taxpayers and married individuals filing separately, the standard deduction rises to $6,350 in 2017, up from $6,300 in 2016. And for heads of households, the standard deduction will be $9,350 for 2017, up from $9,300 in 2016. The personal exemption for tax year 2017 remains as it was for 2016: $4,050. However, the exemption is subject to a phase-out that begins with adjusted gross incomes of $261,500 ($313,800 for married couples filing jointly). It phases out completely at $384,000 ($436,300 for married couples filing jointly.) For tax year 2017, the 39.6 percent tax rate affects single taxpayers whose income exceeds $418,400 ($470,700 for married taxpayers filing jointly),

FLORIDA CPA TODAY

up from $415,050 and $466,950, respectively. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income tax thresholds for tax year 2017 are described in the revenue procedure. The limitation for itemized deductions to be claimed on tax year 2017 returns of individuals begins with incomes of $287,650 or more ($313,800 for married couples filing jointly). The Alternative Minimum Tax exemption amount for tax year 2017 is $54,300 and begins to phase out at $120,700 ($84,500, for married couples filing jointly for whom the exemption begins to phase out at $160,900). The 2016 exemption amount was $53,900 ($83,800 for married couples filing jointly). For tax year 2017, the 28 percent tax rate applies to taxpayers with taxable incomes above $187,800 ($93,900 for married individuals filing separately).

For tax year 2017, the monthly limitation for the qualified transportation fringe benefit is $255, as is the monthly limitation for qualified parking, For calendar year 2017, the dollar amount used to determine the penalty for not maintaining minimum essential health coverage is $695. For tax year 2017 participants who have self-only coverage in a Medical Savings Account, the plan must have an annual deductible that is not less than $2,250 but not more than $3,350. These amounts remain unchanged from 2016. For self-only coverage the maximum out of pocket expense amount is $4,500, up $50 from 2016. For tax year 2017 participants with family coverage, the floor for the annual deductible is $4,500, up from $4,450 in 2016. However the deductible cannot be more than

$6,750, up $50 from the limit for tax year 2016. For family coverage, the out of pocket expense limit is $8,250 for tax year 2017, an increase of $100 from tax year 2016. For tax year 2017, the adjusted gross income amount used by joint filers to determine the reduction in the Lifetime Learning Credit is $112,000, up from $111,000 for tax year 2016. For tax year 2017, the foreign earned income exclusion is $102,100, up from $101,300 for tax year 2016. Estates of decedents who die during 2017 have a basic exclusion amount of $5,490,000, up from a total of $5,450,000 for estates of decedents who died in 2016. FCT Reprinted with permission of the IRS from issue No. IR-2016-139 of IRS Newswire.

The tax year 2017 maximum Earned Income Credit amount is $6,318 for taxpayers filing jointly who have three or more qualifying children, up from a total of $6,269 for tax year 2016. The revenue procedure has a table providing maximum credit amounts for other categories, income thresholds and phaseouts. www.ficpa.org

WEB digest

Update on S Corporations By Bradley R. Gould, J.D., M.Acc., CPA and Stephen R. Looney, J.D., LL.M.

ome of this material has been adapted from material written for the “Tax Planning for S Corporations,” Second Edition, LexisNexis, by Richard D. Robinson, J.D., LL.M., Ronald Levitt, J.D., LL.M. and Stephen R. Looney, J.D., LL.M. © All rights reserved.

Legislation The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), enacted in December of 2015, permanently extended the following S corporation related provisions that expired at the end of 2014. Charitable Contributions by S Corporations. Prior to the Pension Protection Act of 2006, when an S Corporation made a contribution of money or other property to a charity, each shareholder took into account his or her pro-rata share of the fair market value of the property contributed when determining his or her own income tax liability, and each shareholder’s basis in his or her stock was reduced by his or her pro-rata share of the charitable contribution. The Pension Protection Act of 2006 changed Section 1367(a)(2) to limit a shareholder’s basis reduction in S Corporation stock to his or her pro-rata share of the adjusted basis of the property contributed to charity. The PATH Act permanently adopted this taxpayer-friendly provision. Built-in Gains Recognition Period. Generally, when a C Corporation elects to become an S Corporation, Section 1374 provides that the S Corporation will be taxed at the highest corporate rate on all built-in gains existing at the time of the conversion if the gain is subsequently recognized during the ten-year “recognition period.” For S Corporation tax years beginning in 2012 and 2013, the recognition period was reduced to five years. In the Tax Increase Prevention Act of 2014 Congress temporarily extended this the shortened five-year recognition period 20 JANUARY/FEBRUARY 2017

for taxable dispositions involving former C Corporations made in tax years beginning in 2014. The PATH Act permanently reduced the 10-year “recognition period” to five years.

Passive activities In Williams v. Commissioner, 637 Fed.Appx. 799 (5th Cir. 2016), the United States Court of Appeals, Fifth Circuit, the taxpayers owned two corporations – one taxed as a C corporation and one taxed as an S corporation. The S corporation leased commercial real estate to the C corporation. Mr. Williams worked full time for the C corporation and was found to materially participate in the activities of that company. Neither spouse materially participated in the activities of the S corporation. In denying the taxpayers’ attempts to treat the income from the S corporation as passive (and thus available to absorb losses from other passive activities), the taxpayers argued that Section 469 does not apply to S corporations and even if it did, the S corporation did not actively participate in the trade or business activities of the C corporation. The IRS, Tax Court, and Court of Appeals rejected these arguments. The courts affirmed that Treasury Regulation §1.469-4(a) was a valid regulation in so much that it applies to activities conducted through an S corporation even though Section 469 does not, by its express terms, apply to S corporations. Thus, the self-rental rules under Treasury Regulation §1.469-2(f)(6) can be applied to the taxpayers’ arrangement.

Basis With Arnold Palmer and another partner, married taxpayers in James T. O’Neal v. Commissioner, T.C .Memo 2016-49, owned auto dealerships through S corporations. One of the taxpayers managed the day to day operations of the dealerships and began siphoning off money from one dealership to cover cash short falls in another. However, the taxpayer would divert the funds to

his personal account and then put most, but not all of the funds back into the dealerships. Eventually the taxpayer was caught and signed a promissory note in 1985 to the dealership to pay back the retained funds (at least $287,000). In 1989, one of the dealerships lost its financing and the taxpayer fessed up to “borrowing” $2 million from the dealerships. An audit revealed that the taxpayer had taken over $6 million from the dealerships. The taxpayer signed indemnity and security agreements in favor of the other two shareholders and granted security interests on all of his assets to them as well. Then the taxpayer signed a $6 million note in favor of one of the dealerships. Subsequently, all three shareholders signed a $10.4 million note in favor of a bank to guaranty the capitalization of the dealerships. The record showed that the lender would not have lent the money if not for the guaranties of the other shareholders. This $10.4 million debt was refinanced and the record showed that only Mr. Palmer and the other shareholder paid off the debt. The dealerships had NOLs from the years at issue. However, the taxpayers did not have any basis in the stock and argued that their loans to provide capital to the dealerships provided them with basis in their stock. Although Section 1366(d)(1)(B) provides that a shareholder may be allowed to take losses attributable to their adjusted basis of loans made by the shareholder to the corporation, guaranties of S corporation indebtedness generally do not meet the requirements of that section. However, a shareholder guaranty of a loan may be treated, for tax purposes, as an equity investment in the corporation where the lender looks to the shareholder as the primary obligor. Selfe v. United States, 778 F.2d 769 (11th Cir. 1985). In the present case, the Court found that the taxpayer did not make any economic outlay with respect to the financing and that the lenders did not look to the taxpayer as the primary obligor. Accordingly, the taxpayer did not get basis in the stock for the company loans.

Under the facts of the case, the plaintiffs were five coal mining companies taxed as S corporations. The coal companies overpaid certain coal sales excise taxes and were owed refunds, plus interest, of their overpayments. The tax years in question spanned from 1990 to 1996, and the overpayment refunds were all made in April 2009. The sole issue was whether the interest on the overpayments should be calculated according to the interest rate payable to corporations on overpayments of taxes (which was how the interest was calculated by the IRS), or whether the interest on the overpayments should have been determined with respect to the interest rate payable to individuals which would result in an additional $6 million being payable to the taxpayers.1 Section 6621(a)(1) provides that the overpayment rate established thereunder will be sum of: (A) the Federal Short-Term Rate determined under Subsection (b), plus (B) three percentage points (two percentage points in the case of a corporation). The flush language of Section 6621(a)(1) goes on to provide that “To the extent that an overpayment of tax by a corporation for any taxable period (as defined in Subsection (c)(3)), applied by substituting “overpayment” for “underpayment” exceeds $10,000, subparagraph B shall be applied by substituting “0.5 percentage points” for “2 percentage points.” The formula for calculating interest on tax overpayments generally includes the variable Federal Short-Term Rate (STR) plus a constant, either 3 percentage points for individuals or 2 percentage points for corporations. There is also a special, reduced rate for interest on tax overpayments exceeding $10,000 which applies only to corporations.

To read this article in its entirety, visit the FICPA’s website at www.ficpa.org/FCT/Technical.

Overpayment interest In Eagle Hawk Carbon Inc., et al. vs U.S., 116 AFTR2d 2015-5053 (Fed. Cl. Ct., 2015), the United States Court of Federal Claims ruled that the interest due to an S corporation for an overpayment of tax is determined by reference to the interest rate paid to corporations rather than the interest rate paid to individuals under Section 6621. FLORIDA CPA TODAY

www.ficpa.org

C PA s I N

the spotlight

QUEVEDO

SIRMANS

Coral Gables: Sonia Quevedo has joined PAAST, PL as a tax manager.

Jacksonville: The LBA Group announced the promotions of Daniel Brock to principal in the tax services department; Jonathan Lee to senior tax manager; and Shelli Sirmans to manager in the audit & assurance services department.

ANDREWS

McCRANIE

BARNES

WALKER

GENRE

DeLOACH

FIELDS

Green Cove Springs: DuVal Fields CPA Group named Patrick Fields as its newest shareholder. BERKOWITZ

BROCK

LEE

22 JANUARY/FEBRUARY 2017

Miami: Berkowitz Pollack Brant Advisors and Accountants announced the promotions of Guillermo Campos and Ken Vitek to senior manager in the tax services group; Nuria Huillca to senior manager in the audit and attest services practice; and Debra Sears to senior manager in the tax services department. The firm’s Chief Executive Officer, Richard Berkowitz, was honored with Leadership Broward’s Profiles in Leadership.

GILPIN

LANGSTON

For more news about members and other Florida CPAs, visit CPAs in the Spotlight at www.ficpa.org/cpaspotlight. The space for Who’s News, Transitions and other announcements published on this page is limited to news focusing on promotions and new hires for FICPA members; speeches by members at professional conferences; and other firm news, such as recognition of business achievements. We do not publish FICPA committee appointments as a part of this feature because of space limitations. Submissions for CPAs in the Spotlight can be emailed to communications@ficpa.org.

WHITE

GRANTHAM

GROOM

HOWELL

FLORIDA CPA TODAY

DOZIER

GOOLSBY

Tallahassee: Thomas Howell Ferguson PA CPAs announced the promotions of Stephen Andrews to senior manager in the tax services department; Ryan Barnes to senior in the assurance services department; Christa Genre and Nick Gilpin to senior in the tax services department; Kavisha McCranie to manager in the tax services department; and Matt Walker to manager in the assurance services department. The firm welcomed Morgan DeLoach, Taylor Langston and Ryan White to the assurance services department as well as Seth Grantham and William Groom to the tax services department. Christopher Howell was announced as a new shareholder for the firm. The firm’s Julian Dozier was selected as a recipient of the 2016 AICPA Forensic and Valuation Services “Standing Ovation” Recognition Program.

Tampa: Moore Stephens Lovelace announced the relocation of its Tampa Bay area office to downtown Tampa. Shareholder Jeff Goolsby leads operations at the Tampa office.

CARVER

GODFREY

BUNE

Tampa: Thomas Howell Ferguson PA CPAs announced the promotions of Myroslava Bune, Catherine Carver and Trevor Godfrey to senior in the assurance services department.

www.ficpa.org

STAFF

reports

Governmental Affairs By Justin Thames, director of governmental affairs

Five CPAs Serve in Florida House

he FICPA congratulates Florida Reps. Michael Bileca, Dan Raulerson, David Richardson and Cyndi Stevenson for winning their re-election campaigns and Rep. Joe Gruters for being newly elected to the Florida House of Representatives. Gruters, the fifth CPA elected to the Florida House, is no stranger to politics. He has been involved with the Republican Party at the grassroots and executive levels for more than 20 years, having served as chairman of the Republican Party of Sarasota County for the last seven years. A fourth-generation Floridian from Sarasota, Gruters is heavily involved in his local community. He serves on many boards including the Board of Trustees of his alma mater, Florida State University. This is the first time in history the profession has had five CPAs, all of whom are FICPA members, serving in the Florida House. We look forward to working with our CPA legislators during the 2017 Session to ensure the profession has a voice in the legislative process. FCT

Gov. Scott Appoints FICPA Members to Board of Accountancy

ov. Rick Scott has announced the appointment of three FICPA members – Mindy Rankin, David Skup and Jesus Socorro – to the Florida Board of Accountancy. Rep. Michael Bileca

Rep. Dan Raulerson

Rep. David Richardson

Rep. Cyndi Stevenson

Rep. Joe Gruters

Rankin, of Lynn Haven, is a CPA for Warren Averett, LLC. She succeeds Stephen Riggs and is appointed for a term that began Dec. 16, 2016 and will end Oct. 31, 2020. Skup, of Plantation, is the chief financial officer for Guarantee Insurance Company. He succeeds Maria Caldwell and is appointed for a term that began Dec. 16, 2016 and will end Oct. 31, 2019. Socorro, of Miami, is the managing principal of risk advisory services for Morrison, Brown, Argiz and Farra, LLC. He succeeds Cynthia Borders-Byrd and is appointed for a term that began Dec. 16, 2016 and will end Oct. 31, 2019. “We are extremely honored that Gov. Scott has appointed three of our members to the Florida Board of Accountancy,” said FICPA President/ CEO Deborah Curry, CPA, CGMA. “We have the utmost confidence in their ability and look forward to working with them as they serve the citizens of Florida in this vital role. The appointments are subject to confirmation by the Florida Senate.

Rep. Michael Bileca Mindy Rankin, CPA

David Skup, CPA

Jesus Socorro, CPA

FCT

New and Newly Certified Members The FICPA welcomes many new members throughout the year and congratulates those who recently have become certified. Visit www.ficpa.org/newmembers to meet our new members. Visit www.ficpa.org/newlycertified to congratulate our newly certified members. 24 JANUARY/FEBRUARY 2017

From FICPA staff reports

Educational Foundation By Jason Zaborske, development director and Christen Gandy, event coordinator

Foundation Warms Up for 1040K Race

ace up those running shoes, the FICPA Educational Foundation’s th 28 Annual 1040K Run is drawing near! On Saturday, April 22, the race returns to Coconut Grove – our coveted spot on the sunny east coast – for more fun and more fundraising than ever before. With over 650 registered runners in the past, we’re looking forward to continued success! The 1040K Run raises scholarship funds for deserving South Florida accounting students. Over the years, the event has raised more than $250,000 for the FICPA General Scholarship Fund. Our sponsors helped us raise a total of $9,000 in 2016, which was awarded to three accounting students attending South Florida schools.

FLORIDA CPA TODAY

Our participants don’t walk away empty handed, either. In addition to investing in the future of the Florida CPA profession, the firm with the most registered runners will be awarded the Corporate Cup for the year! We encourage all of you to continue aiding our future CPAs on their educational journeys. Our Annual 1040K Run wouldn’t be a success without sponsors, runners and volunteers like you. See you there! FCT For more information about sponsoring, participating in or volunteering for this year’s 1040K, visit www.1040k.org, or email us at edfound@ficpa.org.

www.ficpa.org

DOR

update

From DOR staff reports

DOR Offices Collect, Distribute Billions Annually

he Florida Department of Revenue (DOR) has more than 5,000 employees working in 42 Florida offices and six offices out of state. DOR includes three main services:

General Tax Administration •• In addition to its Florida office, DOR has General Tax Administration (GTA) offices in California, Georgia, Illinois, New Jersey, Pennsylvania and Texas.

Did you know? DOR’s new website address is FloridaRevenue.com The site is being redesigned to improve components of its information and service delivery

DOR email addresses now follow this format: firstname.lastname@floridarevenue.com

26 JANUARY/FEBRUARY 2017

•• Each year, GTA collects over $30 billion in taxes and fees and distributes it to state and local governments. •• GTA distributes over $1 billion in discretionary sales surtax annually to 455 local jurisdictions, including counties, cities and school districts.

Property Tax Oversight •• Each year, 1,500 property-appraiser and tax-collector staff are trained through the certification and training section of DOR’s Property Tax Oversight Program. •• In 2015, Florida’s local governments and taxing authorities levied over $28.3 billion in property taxes on more than 11 million parcels of real and tangible personal property with a total market value of $2.24 trillion.

Child Support Program •• DOR works on behalf of over 1 million children to establish and collect child support. Each year, DOR collects and distributes $1.6 billion in child support payments. •• DOR staff responds to 65,471 childsupport customers monthly through its web chat and toll-free help lines. FCT

For more information email Valerie Wickboldt, DOR communications director, at valerie.wickboldt@floridarevenue.com.

17 Must-have Apps for 2017

et the latest smartphone, tablet or other device over the holidays? Here are the FICPA Business Technology Committee’s picks for the 17 coolest apps of 2017.

Wunderlist iOS, Android Whether you’re planning a holiday, sharing a shopping list or managing multiple work projects, Wunderlist helps you tick off all your to-dos. Trello iOS, Android Trello’s boards, lists, and cards enable you to organize and prioritize work-related or personal tasks by project or by step. YouMail iOS, Android Voicemail assistant for your phone. Greet callers by name and receive an email when you have a new voice mail. Dropbox iOS, Android Sore your photos, docs, videos and other files. Files are safely backed up and you can access them from all your devices.

OpenTable iOS, Android Make online reservations, read restaurant reviews and earn points toward free meals with this free app. Dark Sky iOS and Android The most accurate source of hyperlocal weather information. SoundHound iOS, Android Listens and recognizes what’s playing by tapping into a music database spanning millions of artists. li.st iOS, Android A new way to create and discover lists about anything and everything. 24me iOS, Android Syncs your calendar and tasks and uses artificial intelligence to tell you what to do and how to do it.

Credit Karma iOS, Android Receive your free credit score instantly and review your real credit report online.

IFTTT iOS, Android Applets connect your favorite services. Over 360 apps work with IFTTT, including Twitter, Google Drive, Weather, Instagram, Email and devices such as Amazon Alexa, Nest, Phillips Hue and your iPhone.

FEMA iOS, Android, Blackberry Receive alerts from the national weather service, customize your emergency checklist and upload disaster photos to help first responders.

Florida 511 iOS, Android Get up-to-the-minute, real-time traffic conditions and incident information from the State of Florida Department of Transportation.

How to Cook Everything iOS The first-of-its-kind app of the bestselling cookbook.

ParkMe iOS, Android Free, interactive parking map and app to find the cheapest, closest parking to your destination.

Fandango iOS, Android, Windows phone Buy movie tickets, check times and watch original series and trailers.

FLORIDA CPA TODAY

Convert iOS, Android Free, easy-to-use unit conversion program that converts many of the most popular units. FCT

www.ficpa.org

MARKET

place

Positions available Accounting firm Naples/Marco Island area seeks full-time CPA for tax team. Candidate should have 2+ years public accounting tax experience, proficiency in Microsoft Office products and Lacerte is preferred, but not required. Firm offers competitive salary, benefits and growth opportunities. Submit resume and questions to cmeredith@ rwhsgcpa.com. Garyjames, Inc. and Affiliates in Tampa is seeking a CFO. The CFO, being a key member of the executive management team, reports directly to the president. The CFO shall be responsible for the primary day-to-day accounting and financial activities of the company as well as being responsible for the planning and implementation of financial strategies to meet the goals of the company. Qualifications and experience requirements: the successful candidate shall have a BS in accounting, MBA or licensed CPA desirable; minimum 7 years in progressively responsible financial leadership roles, preferably in staffing industry. Personal attributes:

strong interpersonal and leadership skills; strong problem solving skills coupled with sound judgment; high level of integrity. Company: privately owned employee leasing entities doing business in Florida and Georgia for 24 years; annual sales $45 mil +; 20 locations; 70 full time staff; average 1,700 placements per day. Starting salary $80,00095,000 depending on education and experience. Interested parties should reply with a resume and salary expectations to the above address. Pompano Beach CPA firm seeks an experienced CPA with 5-7 years of experience. This is a full-time position with an opportunity for growth. The ideal candidate possesses a knowledge of individual, business and estate and trust tax returns. We are seeking a leader with good organizational skills, the ability to perform the steps necessary to complete projects and tax returns timely and accurately for delivery to our clients. The ability to communicate with clients and fellow staff is mandatory for this position. Willingness to promote firm and develop

business required. Knowledge of Prosystem fx tax-preparation software is a plus. Detailed knowledge and experience with all versions of Quickbooks is required. Email reply@ficpa.org and reference file number B PA 01 02 17. Fast-growing CPA firm in Fort Lauderdale seeking an energetic and highly detailoriented individual with strong tax preparation, communication and organizational skills. Responsibilities include tax preparation for small and medium-sized business clients (international tax experience a plus). Email resume to: resume@ ricevandenberg.com. South Pinellas County CPA firm is seeking a CPA candidate w/2-5 yrs exp. in public accounting w/ strong QuickBooks, tax skills & auditing (optional). Email resume to info@cpapartnersllc.com or fax to (727) 398-5560.

Positions Wanted Florida CPA, CIA seeks project work in auditing, accounting or tax in the Panhandle. Experienced in Florida government compliance auditing; governmental and private accounting; and estate, business and personal taxes since 1990. EmailÂ roadmaps1@gmail. com. Boca Raton CPA seeking contract work in taxation and accounting throughout the year. EmailÂ HopeKamstraCPA@gmail. com.

Visit www.ficpa.org/classifiedsonline for complete classified ad policies. 28 JANUARY/FEBRUARY 2017

Office space Well-established financial planning firm has waterfront office space available for a CPA and support staff adjacent to our Jacksonville office. Tax client referrals a possibility. Email Bill at btraer@meritfa.com or call (904) 733-1123.

Practices Wanted for Purchase or Merger

Fintz CPA, PA, a growing Plantation-based CPA firm, is

FLORIDA CPA TODAY

looking to acquire retirementminded CPAs in the Tri-County South Florida area (Dade, Broward, Palm Beach). We offer customizable succession-planning solutions. Please email Betsy, betsy@fintzcpa.com, or call us at (954) 440-0320. Growing S. Florida CPA firm looking to purchase or merge with a retirement-minded CPA in Florida. Favorable purchase terms offered with continuing employment opportunities available. Please contact Jeff Taraboulos at info@ksdt-cpa.com or (305) 670-3370.

Well respected Boynton Beach wealth management firm looking for CPA(s) for possible merger in an effort to better serve clients by offering comprehensive tax & financial planning. Reply to Ira@ Materetsky.com.

Practices for Sale St. Pete CPA firm for sale, est. 40 years, $400,000+ annual gross. Tax, write-up, MAS. Email reply@ ficpa.org and reference file number L FS 01 02 17.

www.ficpa.org

Successful transitions require experienced, confidential, professional services you can trust. This is what Akins Professional Brokerage provides. Specializing exclusively in the brokerage of CPA firms, we have no upfront fees. List your firm with a professional. Call David Akins, CPA at (877) 277-0272. To learn more about our services and to see the firms we have listed, go to our website at www. AkinsProfessionalBrokerage.com.

Practices wanted! Cash buyers waiting! List your practice with Florida’s No. 1 Accounting Brokerage Firm: Professional Accounting Sales. No upfront fees. No long term listing agreements. Recent references available. Selling practices in Florida for over 34 years…practices for sale include: Clearwater $325,000… Sarasota-Bradenton area $200,000 & $350,000… Martin Co. $250,000… Central Florida $460,000… Ormond Beach $125,000… St. Pete $250,000… Alachua County $950,000… Lakeland area $250,000... many others after tax season! Contact Erwin Rosenblatt: (561)666-6737 or Leon Faris, CPA (800)729-9031 with Professional Accounting Sales. Visit our website at: www. cpasales.com. 30 JANUARY/FEBRUARY 2017

Of Course!

Table of Contents Good to Know........................................................................ ii

Value-Priced Seminars......................................................... iv

In Person CPE....................................................................... iii

Ethics.................................................................................... vii

Boca Raton..................................................................... iii

Ft. Lauderdale................................................................ iii

Ocala............................................................................... iii

LearnLinx OnLine CPE....................................................... viii OnDemand CPE................................................................ xviii

Orlando........................................................................... iii

In-Person Course Descriptions........................................ xxii

Tallahassee..................................................................... iii

Save These Event Dates.................................................. xxiv

Tampa.............................................................................. iii

Good to Know The Florida Institute of CPAs understands how important continuing professional education is toward your success as a Certified Public Accountant. To help you meet your professional development needs, the FICPA has brought together an outstanding collection of CPE programming designed to sharpen your skills, keep you informed of the latest developments and enhance your career. With hundreds of programs, the FICPA can help meet any CPE need: accounting & auditing updates, ethics, specialized topic conferences, governmental courses, the latest on taxation and much more! The FICPA is your one-stop shop for high-quality CPE courses in any format.

REGISTRATION INFORMATION Registration Prices Take advantage of Early Bird Prices by registering more than 30 days before the course date and receive $55 off the regular registration fee. Nonmembers of the FICPA are welcome to attend but are required to pay an additional $125 per day of instruction or $65 per half day of instruction. Four ways to register for FICPA CPE programs: • LOGON to www.ficpa.org/cpe. • FAX a completed registration form with your credit card information to the FICPA at (850) 681-2433. • CALL the FICPA Member Service Center at (800) 3423197 or (850) 224-2727 to place a credit card order. • MAIL a completed registration form with your credit card information or check made payable to the Florida Institute of CPAs to: Continuing Professional Education, FICPA, P.O. Box 5437, Tallahassee, FL 32314-5437.

CPE Polices You May Need To Know CPE policies can be found on our website at www.ficpa.org/ policies.

The CPE Tracker The FICPA’s members-only CPE Tracker is a tool that allows you to track your CPE courses throughout your reporting period. FICPA courses taken will be automatically included in this Tracker. Courses taken from vendors other than the FICPA can be included in this online application. It is the user’s responsibility to ensure the Tracker’s accuracy.

Value-Priced Seminars Get exceptional value from these streamlined, high-quality courses that enable you to gain essential knowledge and skills at a lower price. These are our most popular courses taught by our best educators in modest facilities that are conveniently located around Florida. We may not serve you lunch, but we’ll serve you quality CPE and great value.

Savings in Numbers. Group Discounts Available Register five to seven people from the same organization for the same event and receive a 15% discount off the registration fee. Register eight or more for the same event and receive a 20% discount. Restrictions may apply.

Event Times Check-in begins 30 minutes before the program starts. Schedules for conferences and seminars may differ. Full Day Seminars

8:30 a.m - 4:30 p.m.

Half Day Seminars

8:30 a.m. - 12 p.m. and 1 - 4:30 p.m. = Live Conference Simulcast

JANUARY 10 - MARCH 10, 2017

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= Seminar Days

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= Take Two!

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= Value-Priced Seminars

Of Course!

In-Person CPE Taking One of These Four-Hour Courses?

BOCA RATON Accounting and Auditing

Add the paired four-hour course and get 8 hours of CPE for $249. It’s that easy!

Accounting and Auditing Update (4 hour)

Look for the “Take Two” icon on select pairings.

Date: Jan. 11, 2017 CPE Credit: 4 AA Course Number: AAU425 Location: Hilton Garden Inn Boca Raton Instructor: Cecil Patterson Regular Price: $205

Ethics Ethics: Protecting the Integrity of Florida CPAs (4980) Date: Jan. 11, 2017 CPE Credit: 4 ETH Course Number: ETH60 Location: Hilton Garden Inn Boca Raton Instructor: Cecil Patterson Regular Price: $154

CPAs in Industry – Ft. Lauderdale

Ethics: Protecting the Integrity of Florida CPAs in Industry Date: Mar. 22, 2017 CPE Credit: 4 ETH Course Number: ETHICM Location: Signature Grand, Davie Instructor: J. Ed Grossman Early Bird Price: $99 FICPA $164 Nonmember Regular Price: $154 FICPA $219 Nonmember

Date: April 20 - 21, 2017 CPE Credit: Up to 17 CPE Hours Course Number: HCC Location: Caribe Royale – Orlando Early Bird Price: $550 FICPA $800 Nonmember Regular Price: $605 FICPA $855 Nonmember

Mega CPE Conference

Date: May 18 - 19, 2017 CPE Credit: Up to 16 CPE Hours Course Number: NPC2 Location: Signature Grand, Davie

Date: June 14 - 17, 2017 CPE Credit: Up to 32 CPE Hours Course Number: MEGA Location: Gaylord Palms Resort & Conference Center

OCALA

The Best Federal Tax Update Course By Surgent

Ethics

Health Care Industry Conference

Not-for-Profit Organizations Accounting Conference Ft. Lauderdale

Accounting and Auditing Date: Jan. 10, 2017 CPE Credit: 8 TB Course Number: BFTU05 Location: Hyatt Place Ft. Lauderdale Instructor: Deborah Phillips Regular Price: $254

Conferences

Date: March 23 - 24, 2017 CPE Credit: Up to 17 CPE Hours Course Number: ICM Location: Signature Grand, Davie Early Bird Price: $450 FICPA $700 Nonmember Regular Price: $505 FICPA $755 Nonmember

TALLAHASSEE

Tax

Conferences

Estates and Trusts: Mastering Complex Income Tax Issues

Florida State University Accounting Conference

Date: Jan. 12, 2017 CPE Credit: 4 TB Course Number: CL4ITET Location: Ccala Countryard Marriott Instructor: Robert M. Gilwee, Jr. Regular Price: $205

Date: May 11 - 12, 2017 CPE Credit: Up to 17 CPE Hours Course Number: FSUAC Location: FSU Center for Professional Development (Turnbull Center)

Hottest Tax Planning Developments Under the Current Tax Law

TAMPA

Date: Jan. 12, 2017 CPE Credit: 4 TB Course Number: CL4HOT Location: Ccala Countryard Marriott Instructor: Robert M. Gilwee, Jr. Regular Price: $205

= Live Conference Simulcast

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In-Person CPE

FT. LAUDERDALE

ORLANDO

Conferences

Accounting and Auditing AICPA Peer Review Update Course Date: Jan 13, 2017 CPE Credit: 8 AA Course Number: APRU00 Location: Holiday Inn Tampa Westshore Instructor: Paul N. Brown Regular Price: $305

= Take Two!

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

•

= Value-Priced Seminars www.ficpa.org

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Ethics

Conferences

Ethics: Protecting the Integrity of Florida CPAs in Industry

CPAs in Industry – Tampa

Date: May 18 - 19, 2017 CPE Credit: Up to 16 CPE Hours Course Number: NPC Location: Hoilday Inn Tampa Westshore

Date: March 23 - 24, 2017 CPE Credit: Up to 17 CPE Hours Course Number: IC Location: Holiday Inn Tampa Westshore Early Bird Price: $450 FICPA $700 Nonmember Regular Price: $505 FICPA $755 Nonmember

Date: Mar. 22, 2017 CPE Credit: 4 ETH Course Number: ETHIC Location: Holiday Inn Tampa Westshore Instructor: Paul N. Brown Early Bird Price: $99 FICPA $164 Nonmember Regular Price: $154 FICPA $219 Nonmember

In-Person CPE

Not-for-Profit Organizations Accounting Conference - Tampa

Our Most Popular Courses for an Incredible Price It’s all in the name – courses from our Value-Priced CPE line are still just $199. These streamlined, high-quality seminars enable you to gain essential knowledge and skills from our best instructors at a lower price. Join us at convenient locations around Florida for great CPE at a great value!

The Best Federal Tax Update Course 8 Technical Business hours Jan 10 BFTU05

Ft. Lauderdale

The Best Individual Income Tax Update Course 8 Technical Business hours Jan 9 BITU25

Orlando

Visit www.ficpa.org/valuepriced to review our extensive online CPE catalog.

= Live Conference Simulcast iv

JANUARY 10 - MARCH 10, 2017

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Of Course!

Of Course! In-Person CPE

S AV E

T H E

DAT E

Gaylord Palms Resort & Convention Center Orlando | June 14-17, 2017 www.ficpa.org/Mega

#MegaCPE

Of Course! vi

JANUARY 10 - MARCH 10, 2017

Of Course!

Ethics.

At the Speed of Business. Prepare yourself to face the complex, challenging and evolving ethical issues of today and tomorrow. The FICPA’s ethics courses, specialized for CPAs working in business, industry and government, build the trust that your clients, employers, colleagues and the public deserve while protecting your hard-earned license. In-Person Ethics Member Price $99

Ethics: Protecting the Integrity of Florida CPAs in Industry 4 Ethics hours Date City Course Number Mar. 22 Ft. Lauderdale ETHICM Mar. 22 Tampa ETHIC

Member Price $99 $99

Ethics

Ethics: Protecting the Integrity of Florida CPAs (ETH) – 4980 4 Ethics hours Date City Course Number Jan. 11 Boca Raton ETH60

Online Ethics Ethics: Protecting the Integrity of Florida CPAs (ETH) – 4980 Date Start Time Credit Code Jan. 13 Feb. 24

8:30 a.m. 8:30 a.m.

4 ETH 4ETH

ETHWBR11 ETHWBR12

Type

Member Price

Webcast Replay Webcast Replay

$85 $85

Ethics: Protecting the Integrity of Florida CPAs in Industry Date Start Time Credit Code Type Feb. 24 8:30 a.m. 4 ETH ETHIWBR2 Webcast Replay

Member Price $85

OnDemand Ethics Course Credit Course Code Ethics: Protecting the Integrity of Florida CPAs (ETH) – 4980 4 ETH ETHOL16*

Member Price $75

*Coming soon. These courses comply with the ethics requirements for Florida CPAs established by the Florida Board of Accountancy. To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

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Online CPE Right Time. Right Place. Right Price.

Simulcast Conferences

OnLine CPE

CPAs in Industry Conference Simulcast

Date: March 23 – 24, 2017 CPE Credits: Up to 17 CPE Credits Course Code: ICWEB Location: Online Developer: Florida Institute of CPAs URL: www.ficpa.org/IndustryConference The CPAs in Industry Conference provides unique tools for corporate CPAs, helping you to be the best in your profession. Whether it’s learning the latest on Florida’s economic climate, federal/multi-state tax issues and procurement strategies, exploring the potential of a mobile office, or strengthening your leadership skills, you’ll leave with what it takes to make a lasting impact on your company.

Health Care Industry Conference Simulcast

Date: April 20 – 21, 2017 CPE Credits: Up to 16 CPE Credits Course Code: HCCWEB Location: Online Developer: Florida Institute of CPAs URL: www.ficpa.org/HCC Health care is a profession that’s under constant change. New rules and regulations are introduced with regularity. What can you do to keep pace with this ever-evolving industry? If you want to learn the best strategies for guiding your organization or clients, the FICPA’s 2017 Health Care Industry Conference is for you! •• •• ••

Florida State University Accounting Conference Simulcast

Date: May 11 – 12, 2017 CPE Credits: Up to 15 CPE Credits Course Code: FSUACWEB Location: Online Developer: Florida Institute of CPAs URL: www.ficpa.org/FSUAC Details coming soon.

Not-For-Profit Organizations Accounting Conference Simulcast Date: May 18 – 19, 2017 CPE Credits: Up to 16 CPE Credits Course Code: NFPWEB Location: Online Developer: Florida Institute of CPAs URL: www.ficpa.org/Not-For-Profit Details coming soon.

Earn up to 16 hours of CPE credit Choose from multiple breakout sessions taught by outstanding discussion leaders Find the topics and credit you want with our dedicated A&A track

Join nationally recognized expert Robert Anderson for his Keynote Address, “Modern Day Cybercrime: A World-Wide Epidemic.” As a former National Security Executive for the FBI, Anderson profiled many high-level cases and was a frequent guest on CNN and MSNBC.

All simulcasts are available for firm group viewing. Please contact us to create a group account. viii

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Accounting and Auditing ACPEN Signature: 2016 Accounting and Auditing Update Date: Jan. 24, 2017 Time: 10 a.m. CPE Credit: 8 AA Course Code: ACAAU1 Location: Online Regular Price: $195 FICPA • $245 Nonmember The 2016 Accounting and Auditing Update is designed to provide its participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in smallto medium-sized firms and members in industry.

FASB and AICPA Update: Practical Guidance Date: Jan. 18, 2017 Time: 11:30 a.m. CPE Credit: 8 AA Course Code: 4162497E Location: Online Regular Price: $245 FICPA • $375 Nonmember It’s challenging for CPAs to stay current on ever-changing economic conditions and regulatory issues that may impact their clients in the future. Stay on top of the developments and build your effectiveness by reviewing the accounting standards updates to the FASB codifications issued in 2015 and 2016, as well as audit, compilation and review activities.

Member Price $195 $195 $245

OnLine CPE

Date Start Time Credit Code ACPEN Signature: 2016 Business Fraud Update Jan. 18 10 a.m. 8 AA ACBFU1 ACPEN Signature: 2016 Financial Statement Preparation, Compilation, and Review Jan. 27 10 a.m. 8 AA ACFSP3 Common Frauds and the Internal Controls Designed to Prevent and Detect Them Mar. 9 9:30 a.m. 8 AA 4162788E Compilations and Reviews: Risks, Procedures and Fraud Feb. 17 11:30 a.m. 8 AA 4162774E COSO: Enterprise Risk Management for Small and Medium-Sized Enterprises: Enhance Fraud Protection and Profitability in Your Organization Feb. 17 11:30 a.m. 8 AA 4162000C Detecting Fraudulent Financial Reporting Feb. 3 11:30 a.m. 8 BE 4162669D Financial Performance Reporting Jan. 27 11:30 a.m. 8 AA 4162042C Financial Statement Risks: Fraud, Misstatements and Earnings Management Feb. 8 11:30 a.m. 8 AA 4162293C Leases: Private Companies Feb. 9 1 p.m. 2 AA 4163048C Personal Financial Statements Feb. 14 11:30 a.m. 8 AA 4162483C Preserving Independence and Otherwise Complying with the New AICPA Code of Professional Conduct Feb. 8 11:30 a.m. 4 AA 4162963D Private Company Reporting Options: More Changes Ahead Feb. 24 11:30 a.m. 8 AA 4162296C Review of Significant Accounting Topics Jan. 23 11:30 a.m. 8 AA 4162792D Small-Business Financial Statements Jan. 18 11:30 a.m. 4 AA 4162775E Spotlight on Accounting Standards: FASB’s New Revenue Recognition and Lease Accounting Standards Jan. 19 2 p.m. 2 AA 4163179B SSARS 21: The Newly Effective Preparation, Compilation and Review Standards Jan. 19 11:30 a.m. 8 AA 4162878K

$245 $245 $245 $245 $245 $60 $245 $120 $245 $245 $120 $60 $245

LearnLinx Webcasts continued on pg. x

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

Of Course!

LearnLinx Webcasts continued from pg. ix

Ethics Ethics: Protecting the Integrity of Florida CPAs (4980) Date: Jan. 13, 2017 Time: 8:30 a.m. CPE Credit: 4 ETH Course Code: ETHWBR11 Location: Online Regular Price: $85 FICPA • $145 Nonmember CPAs face many complex and challenging ethical issues. This course addresses the ethical and professional obligations CPAs have to their clients, employers, colleagues, regulators and the public. Through interactive dialogue and discussion, we will focus on recent trends in business and professional ethics along with the specific rules and requirements applicable to CPAs outlined in Florida Statutes, the Rules of the Florida Board of Accountancy and the AICPA Code of Professional Conduct. The course fulfills the biennial ethics requirement for Florida CPAs and is designed for professionals in public practice and those working in industry or government.

OnLine CPE

Date Start Time Credit Ethics: Protecting the Integrity of Florida CPAs Feb. 24 8:30 a.m. 4 ETH

Ethics: Protecting the Integrity of Florida CPAs in Industry Date: Feb. 24, 2017 Time: 8:30 a.m. CPE Credit: 4 ETH Course Code: ETHIWBR2 Location: Online Regular Price: $85 FICPA • $145 Nonmember This ethics seminar is designed for CPAs practicing in business and industry. Join us to address ethical practices in business, including fraud, corporate accounting, the ethical climate in today’s workplace and the AICPA Code of Professional Conduct for Members in Business. The seminar includes a review of Florida Statutes 473 and 455, as well as Administrative Code 61H1 with a focus on new laws and rules that impact you. This course fulfills the biennial ethics requirement established by the Florida Board of Accountancy. This seminar was recorded at the Annual Accounting and Business Show on September 30, 2016.

Code

Member Price

ETHWBR12

$85

Government/Not-for-Profit ACPEN Signature: 2016 Governmental Accounting & Auditing Update

Not-for-Profit Organizations: Treasury Utilizing QuickBooks

Date: Jan. 13, 2017 Time: 10 a.m. CPE Credit: 8 AA Course Code: ACGAAU1 Location: Online Regular Price: $195 FICPA • $245 Nonmember ACPEN continues to be a national leader in educating both practitioners and government finance officials about breaking government accounting and audit issues. A panel of experts will review recent governmental accounting and auditing developments impacting governments and government auditors. This includes single audit and Yellow Book issues; new and recently effective GASB pronouncements; audit issues; and issues on the horizon.

Date: Feb. 7, 2017 Time: 11:30 a.m. CPE Credit: 8 AA Course Code: 4163120D Location: Online Regular Price: $245 FICPA • $375 Nonmember Not-for-profit organizations, such as service clubs, are always in need of a volunteer to be a treasurer or member of the financial oversight committee. And CPAs are often asked to fulfill these roles. This course will highlight the accounting needs of such organizations using QuickBooks and show you how QuickBooks tools can mean more efficient and effective financial management for your nonprofit.

Date Start Time Credit Code ACPEN Signature: 2016 Not-for-Profit Accounting, Auditing & Tax Update Jan. 17 10 a.m. 4 AA, 4 TB ACNPAAT8 Single Audits: A Case Study Approach Feb. 15 11:30 a.m. 8 AA 4162770E What You Need to Know to Audit Government Programs Feb. 7 11:30 a.m. 8 AA 4163203B

JANUARY 10 - MARCH 10, 2017

Member Price $195 $245 $245

Of Course!

Leadership Development Effective Decision Making

State and Federal Ethics Considerations

Date: Jan. 26, 2017 Time: 12 p.m. CPE Credit: 2 BE Course Code: 4162798B Location: Online Regular Price: $60 FICPA • $94 Nonmember Making great decisions is not about being a genius. It’s about knowing thinking tricks and avoiding thinking traps. Gain an appreciation for shortterm vs. long-term decision making; get past the use of cognitive traps, such as stereotypes; and come to grips with the role of values in decision making. Finally, you will focus on how to frame decisions for others to maximize decision commitment.

Date: Jan. 13, 2017 Time: 11:30 a.m. CPE Credit: 4 TB Course Code: 4163138C Location: Online Regular Price: $120 FICPA • $188 Nonmember This course will provide you with a basic understanding of the rules and regulations that govern tax practice for both federal and state purposes. You will learn about the most recent developments related to tax return preparation and representation, as well as gain an understanding of the rules of professional conduct as set forth by the AICPA and the ABA. You’ll also examine the rules of practice before the IRS (Treasury Dept. Circular 230) and explore current developments related to penalties that apply to tax practice. You will gain an understanding of how ethical principles, such as conflict of interests, apply to the partnership and other flow through entities and explore how the various states regulate tax practice, including a discussion of malpractice.

Date Start Time Credit Code Ethics: Professional Conduct, Decision Frameworks and Fraudulent Financial Reporting Feb. 21 11:30 a.m. 4 TB 4163202D

Member Price $120

Business Valuation: A Review of the Essentials

Financial Modeling and Driver-Based Planning

Date: Jan. 17, 2017 Time: 9:30 a.m. CPE Credit: 8 TB Course Code: 4161372E Location: Online Regular Price: $245 FICPA • $375 Nonmember Gain essential knowledge, skills and training to perform business valuations and learn how such valuations relate to gift and estate tax planning; succession planning; buy-sell agreements; mergers and acquisitions; and general business planning. You’ll also explore special business valuation applications, including GAAP’s fair value, family law and dissolution valuations.

Date: Feb. 17, 2017 Time: 11:30 a.m. CPE Credit: 8 AA Course Code: 4162588B Location: Online Regular Price: $245 FICPA • $375 Nonmember The importance of cost management tools able to yield a competitive advantage is no secret. Various financial modeling tools—including regression analysis and linear optimization—are being used in financial planning and analysis, as these new tools allow managers to better manage costs by revealing the drivers affecting costs. Learn the basic concepts and principles necessary to build driver-based financial models and use them to improve cost management. Formerly titled: Activity-Based Costing: A Resource Consumption Approach

Date Start Time Credit Code Clients for Life: Retain Your Top Clients to Maximize Business Growth Jan. 31 11:30 a.m. 8 TB 4162926C Data Visualization and Other Basic Data Analysis Feb. 8 1 p.m. 2 AA 4163238C Descriptive Statistics Mar. 8 1 p.m. 2 TB 4163240C Finding Funding for Startups Feb. 6 9:30 a.m. 8 AA 4161536E Social Security Basics and Strategies For Maximizing Benefits Jan. 23 9:30 a.m. 8 TB 4162922E

Member Price $245 $60 $60 $245 $245 LearnLinx Webcasts continued on pg. xii

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

OnLine CPE

Management/Consulting

Of Course!

LearnLinx Webcasts continued from pg. xi

Tax Surgent’s Best Individual Income Tax Update (BITU)

OnLine CPE

Date: Jan. 18, 2017 Time: 9 a.m. CPE Credit: 8 TB Course Code: SUBITU31 Location: Online Regular Price: $239 FICPA • $359 Nonmember Significant changes to the tax environment require sound planning for individual clients to respond effectively. This highly informative course responds to the latest in tax law developments, including discussions of the planning opportunities available to your individual tax clients. This up-todate knowledge will enable you to further discuss new developments and tax-saving ideas applicable to your clients and their growing needs in light of recent developments. This course has been updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015.

Surgent’s Best S Corporation, Limited Liability and Partnership Update (BCPE) Date: Jan. 19, 2017 Time: 9 a.m. CPE Credit: 8 TB Course Code: SUBCPE20 Location: Online Regular Price: $239 FICPA • $359 Nonmember Practitioners need to keep abreast of all tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas and other planning opportunities available to S corporations, partnerships, LLCs and LLPs. This course has been updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015.

Date Start Time Credit Code ACPEN Signature: 2016 Annual Tax Update Jan. 20 10 a.m. 8 TB ACATU3 ACPEN Signature: 2016 Disregarded Entities and Partnerships Update Jan. 12 10 a.m. 8 TB ACDEP08 ACPEN Signature: 2016 Small Business Entity Tax Forms Workshop Jan. 11 10 a.m. 8 TB ACSBET1 ACPEN Signature: 2016 Tax Planning for Real Estate Jan. 20 10 a.m. 8 TB ACTPRE1 Avoiding Tax Malpractice Jan. 24 11:30 a.m. 8 TB 4163020C Corporate Tax Planning: Strategies and Ideas Jan. 25 11:30 a.m. 8 TB 4163116D Dealing with IRS Appeals Jan. 18 11:30 a.m. 8 TB 4163164C Divorce: Keeping It Separate Webcast Jan. 30 2 p.m. 2 TB 4162729B Form 1041 Workshop Jan. 20 9:30 a.m. 8 TB 4161979E Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K & K1 Analysis Jan. 24 9:30 a.m. 8 TB 4161613E Real Estate Taxation: Cutting-Edge Tax Strategies in the Taxation of Real Estate Jan. 10 11:30 a.m. 8 TB 4163170C Settled and Approved: Fiduciary Accounting from Start to Finish Jan. 19 11:30 a.m. 8 TB 4162186E Surgent’s Best Federal Tax Update (BFTU) Jan. 16 9 a.m. 8 TB SUBFTU57 Surgent’s Complete Guide to Payroll Taxes and 1099 Issues (CGPT) Jan. 24 9 a.m. 8 TB SUCGPT8 Surgent’s Getting Ready for Busy Season: A Guide to New Forms, Filing Issues, and Other Critical Developments (NFFI) Jan. 23 9 a.m. 8 TB SUNEGU9 Surgent’s Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (CSSB) Jan. 26 1 p.m. 2 TB SUCSSB4 xii

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Member Price $195 $195 $195 $195 $245 $245 $245 $60 $245 $245 $245 $245 $239 $219 $219 $89

Of Course!

Tax (continued) Surgent’s Individual and Financial-Planning Tax Camp (IFCP) Jan. 31 9 a.m. 8 TB SUIFCP22 Surgent’s Preparing C Corporation Tax Returns for New Staff and Para-Professionals (PCTR) Jan. 19 9 a.m. 8 TB SUPCTR4 Surgent’s Preparing Individual Tax Returns for New Staff and Para-Professionals (PITR) Jan. 20 9 a.m. 8 TB SUPITR4 Surgent’s Preparing the Decedent Final 1040 Return Key Elections and Compliance Issues (PDFR) Jan. 10 1 p.m. 2 TB SUPDFR7 Surgent’s Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs (S754) Jan. 27 1 p.m. 2 TB SUS7546 Tax Planning and Compliance for Multinational Families Jan. 25 11:30 a.m. 8 TB 4162147D Understanding Partnership and LLC Taxation Jan. 24 9:30 a.m. 8 TB 4163126E

$239 $219 $219 $89 $89 $245 $245 LearnLinx Webcasts continued on pg. xiv

OnLine CPE

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

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LearnLinx Webcasts continued from pg. xiii

Technology Data Security – Need We Say More?

Microsoft Office 2016 Fundamentals

Date: Feb. 17, 2017 Time: 12 p.m. CPE Credit: 2 TB Course Code: 4163185B Location: Online Regular Price: $60 FICPA • $94 Nonmember With so many data breaches and targeted attacks, you should be concerned about the security of your data. The rapidly growing volume of data you store only increases your concerns. In this session, you will learn about some of the recent high-profile attacks and how these crimes occurred. More importantly, you will learn about critical security concepts and techniques that will help you minimize the risks of similar attacks affecting you and your organization. In addition, you will learn about the relative strengths and weaknesses of data security in the Cloud, compared to on-site solutions and storage. If you are concerned about data security – and who isn’t – the information you will learn in this session will help address your data security concerns.

Date: Feb. 1, 2017 Time: 2 p.m. CPE Credit: 1 TB Course Code: 4163196B Location: Online Regular Price: $30 FICPA • $50 Nonmember Gain an understanding of the fundamentals of Office 2016; how it can improve your productivity; the newest features of Word, Excel and Power Point; as well as Delve, Clutter and Power Business Intelligence. These and other features of Office 2016 – and the advantages they can provide you – will be our focus.

Date Start Time Credit Big Data Feb. 22 1 p.m. 2 TB Cloud Servers: A Financial and Productivity Case Study Jan. 18 2 p.m. 1 TB Leading Solutions for CPA Firms Jan. 23 12 p.m. 2 TB Revolutionizing Small-Business Accounting Feb. 6 2 p.m. 1 TB

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Code

Member Price

4163239C

$60

4163195B

$30

4163186B

$60

4163187B

$30

Of Course!

Seminars: Your Solution for CPE (pg. xx) Seminar Days offer a series of courses that cover a variety of topics in one location. They’re scheduled around the state to meet the needs of your busy schedule.

Why Seminars? If you learn best from a dynamic instructor in a traditional classroom, FICPA’s CPE Seminars are the way to go. These courses cover the topics you need and bring high-quality, in-person education and networking opportunities to locations that are convenient to you.

(pg. xx)

OnLine CPE

Value-Priced CPE seminars are our most popular courses taught by our best instructors. Join us for the same great instruction at a tremendous discount (lunch not included).

Ethics (pg. xx) Meet your Board of Accountancy license requirements for ethics with our revamped four-hour courses, available around the state and scheduled throughout the year for your convenience. As a member, hours that you earn in the FICPA’s CPE seminars are automatically recorded in your CPE Tracker, and you can also add courses from other vendors. Look for “Take Two!” opportunities throughout the Of Course CPE Catalog and attend two four-hour seminars on the same day for just $249.

Search Our Seminars at:

www.ficpa.org/Seminars To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

Of Course!

FICPA Customized Learning Solutions FICPA-developed courses can be brought directly into your office and customized to your area of practice and business needs.

OnLine CPE

Our convenient customized training is the most cost-effective and efficient continuing professional education solution for businesses and firms that need to address their staff’s knowledge and skills gaps. Whether your staff needs to simply maintain their license, such as meeting Florida’s ethics requirement, or would like to delve into the recent changes to professional accounting and auditing standards like single audits, revenue recognition or SSARS21, the FICPA has your team covered. To supplement the FICPA’s already vast business offerings, we have partnered with the American Institute of CPAs and Business Learning Institute. This partnership allows us to offer even more cutting-edge technical courses, as well as courses in management and leadership development led by nationally recognized thought leaders.

Why should you choose FICPA Customized Learning Solutions?

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Flexible Pricing Options No Lost Travel Time and Expenses for Staff Focused Presentation for Your Company Confidential Learning Environment Discounts for Large Groups Employee/Instructor Interaction Convenient Schedules Experience and Expertise of the FICPA

JANUARY 10 - MARCH 10, 2017

Ready to Have Customized Training? Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site group training, please contact the FICPA at onsite@ficpa. org or Mia Thomas, Director of Customized Learning at (407) 538-6048.

Of Course!

Customized Training

Customized Video Training

Topics Include Accounting & Auditing, Estate & Gift Tax, Governmental/Not-for-Profit, Foreign Investments, CIRA/Condos & HOAs, Compilation & Review, Business Management, Leadership Development, Change Management, Performance Management, Communication Skills, Personal Development

Topics Include Disregarded Entities and Partnership Update, Not-for-Profit Accounting, Auditing & Tax Update, Governmental Accounting & Auditing Update, Compilation and Review Update, Business Fraud Update, Accounting & Auditing Update, Tax Planning for Real Estate, Annual Tax Update, Small Business Entity Tax Forms Workshop and more.

Advantages of Customized Training • No staff travel time; we come to you • Focus on your business needs • Confidential Learning Environment • Flexible pricing • Convenient Schedules

Advantages of Customized Video Viewing • Group registrations receive a significantly discounted tuition • Eliminates speaker expense, such as travel, per diem and hotel costs • All programs receive “live” CPE credits • No tests to take to receive CPE credits • Participants can interact with an instructor via email • Get CPE credits in the comfort of your own office

Of Course!

OnDemand CPE The Quality CPE You Expect – Anytime, Anywhere. Accounting and Auditing

OnDemand CPE

Attestation and Assurance Services CPE Credit: 4 AA Course Code: GOL-AAS Location: Online Regular Price: $48 FICPA • $88 Nonmember This course is designed for the practitioner who desires an overview of assurance services. After completing this course, you will be able to: (1) apply the attestation standards to various types of engagements; (2) answer questions about the general guidance for agreed-upon procedures engagements; (3) distinguish prospective financial statements from pro forma financial information; (4) distinguish an examination of internal control integrated with an audit from reporting on controls at a service entity; (5) answer questions about the unique aspects of compliance attestation; (6) apply the guidance for reviews and examinations of MD&A; (7) identify the requirements for performing assurance services; and (8) answer technical questions on consulting services.

Avoiding Audit Documentation and Engagement WrapUp Deficiencies (ADED) CPE Credit: 2 AA Course Code: SU-ADED Location: Online Regular Price: $39 FICPA • $54 Nonmember Important activities occur during the engagement wrap-up phase that support the auditor’s opinion regarding whether the financial statements are materially misstated due to fraud or error. Insufficient audit documentation and engagement wrap-up can result in audit deficiencies that negatively impact audit effectiveness and efficiency. Join this session to learn appropriate quality control procedures that mitigate the risk of noncompliance with professional and regulatory standards. The following course is provided by our CPE partners at Surgent. You will be redirected to Surgent’s site to register for this course after clicking the Register Here button.

Course Member Course Credit Code Price A&A Year in Review: Exploring the Latest Issues and Challenges Facing CPAs (AAYR) 8 AA SU-AAYR $125 Accounting and Reporting Update for Tax Practitioners (AAUP) 8 AA SU-AAUP $125 Accounting for Income Taxes 4 AA GOL-AIT2 $48 Accounting for Investments 4 AA GOL-AFI $48 Accounting for Pensions and Compensated Absences (2015) 4 AA GOL-APCB15 $48 Audit Evidence: Applications 4 AA GOL-AEA $48 Audit Planning and Risk Assessment for External Auditors 4 AA GOL-APRAEA $48 Compilation of Financial Statements – Clarified Standards 4 AA GOL-CFSCS $48 Fair Value Determination for Complex Derivatives and Non-Readily Marketable Securities (AAFV) 2 AA SU-AAFV $49 Financial Statement Audit Reports 4 AA GOL-FSAR2 $48 Financial Statements: Disclosures 4 AA GOL-FSD $48 Financial Statement Disclosures: Guide to Current Requirements and Developing Issues (FSD4) 4 AA SU-FSD4 $65 Forensic Accounting: A Fraud Emphasis 4 AA GOL-FAFE $48 Independence 5 AA AI-IND $79 Internal Auditing: Compliance Auditing and Other Types of Engagements 4 AA GOL-IACA $48 Internal Control: Basic Concepts for the External Auditor 4 AA GOL-ICBCEA $48 Introduction to Financial Statement Analysis 4 AA GOL-IFSA $48 Lessons for the Auditor from Major Accounting Frauds (2016) 4 AA GOL-LAMAF 2016 $48 MBAexpress: Insightful Financial Analysis 1 AA MBAIFA $45 xviii JANUARY 10 - MARCH 10, 2017

Of Course!

New Revenue Recognition Standard (Topic 606): Revenue from Contracts with Customers Not-for-Profit Entities: Accounting & Reporting (18-1) Performing Research: FASB Codification (Audit Skills Training – Level 4) (A4M7) Reporting Issues: Topics for the Independent Auditor Review of Financial Statements -- Clarified Statements

4 AA 4 AA

GOL-NRRS GOL-0827

$48 $48

3 AA 4 AA 4 AA

SU-A4M7 GOL-RITIA GOL-RFSCS

$54 $48 $48

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Accounting and Auditing (continued)

Government/Not-for-Profit Fundamentals of Governmental Accounting and Reporting CPE Credit: 11.5 AA Course Code: AI-FGAR Location: Online Regular Price: $159 FICPA • $199 Nonmember The following course is provided by our CPE partners at the AICPA. You will be redirected to the AICPA’s site to register for this course after clicking the Register Here button below.

CPE Credit: 4 AA Course Code: SU-ANF4 Location: Online Regular Price: $65 FICPA • $95 Nonmember Not-for-profit entities typically possess the following traits which distinguish them from a business entity: (1) contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return; (2) operating purposes other than to provide goods or services at a profit; and (3) the absence of ownership interests like those of business entities. This course will assist you in proficiently addressing these traits in your audits of not-for-profit entities. The course materials utilize a highly illustrative format to increase concept comprehension and retention. The following course is provided by our CPE partners at Surgent. You will be redirected to Surgent’s site to register for this course after clicking the Register Here button.

Course Member Course Credit Code Price Governmental Audits: An Overview (2016) 4 AA GOL-GAO 2016 $48

Leadership Development MBAexpress: Presenting Numbers for Impact CPE Credit: 1 TB Course Code: MBAPNFI Location: Online Regular Price: $45 FICPA • $60 Nonmember This course will identify ways to create financial presentations with impact, comprehension, and retention. Define the 6-6-6 presentation rule and recognize the value of using charts in financial presentations.

The Anticipatory Organization - Accounting and Finance Professionals CPE Credit: 5 TB Course Code: AOAF Location: Online Regular Price: $295 FICPA • $370 Nonmember This event will present a way of thinking that is opposite to the experience and training of a CPA. Most CPAs are trained as “historians.” They look back to measure, reconcile, examine, and extrapolate. The Anticipatory CPA learns how to use foresight to analyze soft and hard trends, to predict outcomes, to leverage cultural change, and to engage emerging technology. These skills enable the anticipatory CPA to jump ahead of the competition. Change is coming, fast. The winners will be those who can anticipate those changes to leverage new opportunities. Daniel Burrus will present the skills and methods that can reorient your thinking about the future. Your future.

Course Member Course Credit Code Price MBAexpress: Latest in Leadership 1 BE MBALIL $45 OnDemand CPE continued on pg. xxii

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

www.ficpa.org

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OnDemand CPE

Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This CPE course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare Federal Form 1041 and the accompanying schedules.

Tailoring the Audit to Suit a Not-for-Profit Entity (ANF4)

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OnDemand CPE continued from pg. xxi

Management/Consulting Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues (FACT) CPE Credit: 8 AA Course Code: SU-FACT Location: Online Regular Price: $125 FICPA • $185 Nonmember Fiduciary income tax is a complex blend of state accounting rates and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries. These skills are sure to be important for those who practice in the new income tax environment.

OnDemand CPE

The following course is provided by our CPE partners at Surgent. You will be redirected to Surgent’s site to register for this course after clicking the Register Here button.

FASB Review for Business and Industry CPE Credit: 8.5 AA Course Code: AI-FASBBI Location: Online Regular Price: $129 FICPA • $169 Nonmember This comprehensive overview of recent FASB pronouncements provides CPAs in business and industry with a high-level approach to financial reporting issues. Utilizing detailed descriptions and examples of how to implement the new standards, this CPE course instructs you on how to assess new and recent FASB guidance that have a major effect on all industries. It will allow you to gain an understanding of the latest pronouncements and exposure documents, and how to develop implementation strategies. This course is provided by our CPE partners at the AICPA.

Course Member Course Credit Code Price An Introduction to Trusts (IEST) 2 TB SU-IEST $49 Bankruptcy (2016) 4 TB GOL-BANKR-16 $48 Cost Accumulation Systems – Traditional 4 AA GOL-CMTC $48 Decision Analysis: Operating Leverage, Breakeven, and CVP Analysis 2 AA GOL-DA $24 Decision Making: Marginal Analysis and Product Pricing 2 AA GOL-DM $24 Disaster Recovery Planning for Your CPA Firm, Company, or Client (BCD4) 4 TB SU-BCD4 $65 Health Savings Accounts, Long-Term Care, Nursing Homes, and Other Health Planning Issues (OHPI) 2 TB SU-OHPI $39 Hot Topics for Landlords: Residential Property Investors (2016) 1 TB GOL-HTL (2016) $12 How to Settle an Estate for a Client from A to Z (SEAZ) 10 TB SU-SEAZ $150 Introduction to Mergers and Reorganizations (MERG) 8 TB SU-MERG $125 MBAexpress: Project Management 1 TB MBAPM $45 Surgent's Employee vs. Independent Contractor: Achieving Success in a Worker Classification Audit (EMIC) 2 TB SU-EMIC $49

JANUARY 10 - MARCH 10, 2017

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Tax Tax Forms Boot Camp: LLCs and Partnerships (TBCL)

Tax Forms Boot Camp: S Corporations (TBCS)

CPE Credit: 8 TB Course Code: SU-TBCL Location: Online Regular Price: $125 FICPA • $185 Nonmember Future tax specialists must have a strong base in the preparation of partnerships and limited liability company’s’ returns. This boot camp provides an in-depth foundational center of the forms, along with other common to advanced issues of partnerships and limited liability companies. The course includes a hands-on approach to completing a Form 1065, including a ‘filled-in’ answer to a sample taxpayer return.

CPE Credit: 8 TB Course Code: SU-TBCS Location: Online Regular Price: $125 FICPA • $185 Nonmember Many clients use the S corporation form of doing business, and the S corporation return is a “bread and butter” part of tax preparation practice. This course guides new, rusty, or returning-to-practice accountants and staff with a detailed study of the key fundamentals of S corporation rules from formation through distributions. Through use of numerous cases and examples (both simple and complicated) participants also learn how S corporation income and expenses flow into the shareholders returns. Certain worksheets and a 6-step process to accurately complete Form 1120S and related sub-schedules are included.

Technology Information Technology: Computer File Storage and Systems Security (2016)

Information Technology: Hardware, Software, and Networks

CPE Credit: 4 TB Course Code: GOL-ITCFS (2016) Location: Online Regular Price: $48 FICPA • $88 Nonmember After completing this course, you will be able to: (1) identify the basic aspects of computer data storage and file types; (2) differentiate the major file organization and access methods; (3) recognize features and advantages of a database management system (DBMS); (4) recognize aspects of the two main transaction processing modes; (5) identify important components of contingency planning; (6) recognize features of the two main encryption methods; and (7) recognize aspects of information protection.

CPE Credit: 4 TB Course Code: GOL-ITHSN Location: Online Regular Price: $48 FICPA • $88 Nonmember After completing this course, you will be able to: (1) classify types and aspects of computer hardware; (2) define types and aspects of computer software; (3) identify features of communication networks by extent and function; (4) identify features of communication networks by equipment and protocol; (5) identify aspects of the Internet and intranets; and (6) identify aspects of computer security.

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

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OnDemand CPE

Course Member Course Credit Code Price Buying and Selling a Business: Critical Tax and Structuring Issues (SELL) 8 TB SU-SELL $125 Choosing the Best Entity for a New Business (2016) 3 TB GOL-BENB $36 Deducting Casualty and Theft Losses (2016) 3 TB GOL-0823 $36 Federal Tax Update (BFT4) 4 TB SU-BFT4 $65 Fiduciary Income Tax Returns – Form 1041 Workshop with Filled-in Forms (1041) 16 TB SU-1041-16 $225 Financial Accounting for Tax Practitioners 4 TB GOL-FATP $48 Hot IRS Tax Examination Issues for Individuals and Businesses (EXIB) 8 TB SU-EXIB $125 Introduction to the Limited Liability Company (ILLC) 2 TB SU-ILLC $39 Key Partnership and S Corporation Tax Planning Strategies (BTS4) 4 TB SU-BTS4 $65 Lessons for the Tax Preparer (2016) 3 TB GOL-LTP $36 Partnership Basics: Basis and Allocation of Income and Loss (2016) 4 TB GOL-PB 2016 $48 Review of Form 709 – Gift Tax Return (709R) 2 TB SU-709R $39 Surgent's Hot Audit Issues: Substantiation for Cars, Meals, Entertainment, and Gifts (HAIS) 2 TB SU-HAIS $49 Tax Benefits for College Education (TBCE) 2 TB SU-TBCE $39

Of Course! In-Person CPE

In-Person CPE Course Descriptions Accounting and Auditing Update (4 hour)

Ethics: Protecting the Integrity of Florida CPAs (4980)

CPE Credit: 4 AA Course Number: AAU4 Learn about the new 2016 and 2015 Accounting Standards Codification and Updates. We will cover revenue recognition, leases, financial instruments and other important GAAP changes. We will include accounting (ASUs), auditing (SASs), review and compilation standards (SSARS) from 2015 and 2016. Practical solutions to complex issues will be offered, and you’ll have the opportunity to ask questions and discuss issues that are important to you.

CPE Credit: 4 ETH Course Number: ETH CPAs face many complex and challenging ethical issues. This course addresses the ethical and professional obligations CPAs have to their clients, employers, colleagues, regulators and the public. Through interactive dialogue and discussion, we will focus on recent trends in business and professional ethics along with the specific rules and requirements applicable to CPAs outlined in Florida Statutes, the Rules of the Florida Board of Accountancy and the AICPA Code of Professional Conduct.

AICPA Peer Review Update Course

This course fulfills the biennial ethics requirement for Florida CPAs and is designed for professionals in public practice and those working in industry or government.

CPE Credit: 8 AA Course Number: APRU00 This CPE course that covers the changes in peer review guidance made during the last year. It provides information essential to all peer reviewers, including a high level overview of changes to standards and guidance, as well as an update on the short- and long- term enhancements to audit quality currently being developed by the Peer Review Board. Additional peer review training hours provided will focus on the 2017 standards changes along with corresponding guidance. The additional hours will also cover common reviewer deficiencies being noted in Florida, including expansion of scope, documentation of SRM, Single Audit Act documentation and more.

CPAs in Industry (Ft. Lauderdale & Tampa) CPE Credit: Up to 17 CPE Hours Course Number: ICM, IC The CPAs in Industry Conference brings together nearly 200 CPAs from around the state to hear the best of the best! Engage with your colleagues and learn best practices from our presenters and each other. •• Increase your knowledge of critical topics, presented from the perspective of CPAs and CFOs working in industry •• Learn the risks and threats and how to position your business for success •• Explore two days of outstanding sessions designed especially for you

Estates and Trusts: Mastering Complex Income Tax Issues CPE Credit: 4 TB Course Number: CL4ITET Protect your clients’ assets and shield their estates from increased taxation brought about by the changing tax code. Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms.

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Ethics: Protecting the Integrity of Florida CPAs in Industry (Ft. Lauderdale and Tampa) CPE Credit: 4 ETH Course Numbers: ETHIC and ETHICM This ethics seminar is designed for CPAs practicing in business and industry. Join us to address ethical practices in business, including fraud, corporate accounting, the ethical climate in today’s workplace and the AICPA Code of Professional Conduct for Members in Business. We’ll also review Florida Statutes 473 and 455, as well as Administrative Code 61H1 with a focus on new laws and rules that impact you. This course fulfills the biennial ethics requirement established by the Florida Board of Accountancy.

Florida State University Accounting Conference CPE Credit: Up to 17 CPE Hours Course Number: FSUAC Don’t miss THE most notable conference in North Florida: the Florida State University Accounting Conference held on May 11-12, 2017 in Tallahassee and online via simulcast. Earn up to 17 hours of CPE and build your expertise with informative sessions presented by some of our most dynamic instructors.

Health Care Industry Conference CPE Credit: Up to 17 CPE Hours Course Number: HCC Healthcare is a profession under constant change. New rules and regulations are introduced with regularity. To keep pace with this ever evolving industry and learn the best strategies for guiding your organization and clients, don’t miss the FICPA’s Health Care Industry Conference! •• More than 20 breakout sessions taught by outstanding discussion leaders •• Dedicated Accounting & Auditing track •• Vendor exposition where you’ll find the latest products and services to make your job easier

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Not-for-Profit Organizations Accounting Conference (Ft. Lauderdale & Tampa)

CPE Credit: 4 TB Course Number: CL4HOT Are you up-to-date on the latest tax planning developments for 2016? This course explores the hottest tax planning topics which will impact you and your clients. Discover how these topics may impact tax planning strategies and be in a position to help minimize your client’s tax bill.

CPE Credit: Up to 16 CPE Hours Course Number: NPC2, NPC Your services are vital for not-for-profit organizations. Success and even survival depend upon sound management of limited funding and shrinking resources – not to mention meeting new regulations and requirements. The FICPA’s Not-for-Profit Organizations Conference is back with an agenda customized by CPAs in your specialty. Join us for 16 hours of CPE!

Mega CPE Conference CPE Credit: Up to 32 CPE Hours Course Number: MEGA With up to 32 hours of CPE, national speakers and fun for everyone, you will not want to miss the 2017 FICPA Mega CPE Conference. Join over 500 accounting professionals at the award-winning Gaylord Palms Resort & Convention Center – a destination on its own. Customize your schedule from numerous breakout sessions plus leadership events and specialized Pro-X Professional Extras: the Employee Benefits Flextrak, the State Tax Flextrak and Women’s Leadership Summit. Find solutions for your office from over 50 vendors in the Mega Marketplace and make valuable connections that benefit your business.

Of Course!

Hottest Tax Planning Developments Under the Current Tax Law

The Best Federal Tax Update Course By Surgent CPE Credit: 8 TB Course Number: BFTU Legislators and rule makers were busy this past year. Their work has delivered a mixture of challenges and opportunities for individual and business tax clients. The Protecting Americans Against Tax Hikes (PATH) Act made some of the former so called ‘tax extenders’ permanent, further extended others, and changed the substance of several. Major changes to Social Security file-and-suspend and restricted application rules are forcing a total rethinking of many individual long-term planning strategies. The Affordable Care Act (ACA) tax compliance provisions continue to confound employers, with new requirements hitting their effective dates this year. These are just a few of the changes that will affect your clients this coming season, and they will look to you to understand the issues and develop a plan that serves their best interests.

In-Person CPE

= Live Conference Simulcast

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To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe.

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= Value-Priced Seminars www.ficpa.org xxiii

Save The Date From full-fledged conferences to flexible Seminar Days, we offer the highest quality CPE to meet your needs. Mark your calendar for these events around the state! JANUARY

MAY

Accel YCPA Leadership Forum & Capitol Day Tallahassee January 12 - 13, 2017 www.ficpa.org/Acel

Florida State University Accounting Conference Tallahassee May 11 - 12, 2017 www.ficpa.org/FSUAC

Not-for-Profit Organizations Accounting Conference Ft. Lauderdale Ft. Lauderdale May 18 - 19, 2017 www.ficpa.org/NPC2

MARCH CPAs in Industry - Ft. Lauderdale Ft. Lauderdale March 23 - 24, 2017 www.ficpa.org/ICM

Not-for-Profit Organizations Accounting Conference - Tampa Tampa May 18 - 19, 2017 www.ficpa.org/NPC1

CPAs in Industry - Tampa Tampa March 23 - 24, 2017 www.ficpa.org/IC

JUNE Mega CPE Conference Orlando June 14 - 17, 2017 www.ficpa.org/MEGA

APRIL Health Care Industry Conference Orlando April 20 - 21, 2017 www.ficpa.org/HCC

Women's Leadership Summit - 2017 Orlando June 15, 2017 www.ficpa.org/WLS

Live Simulcast Attendance Can’t attend in person? We bring select FICPA conferences to the convenience of your home or office! Conferences offering simulcast coverage are denoted with this symbol . To register, visit the conference webpage or call the FICPA Member Service Center at (800) 342-3197.

F L O R I D A

Florida Institute of Certified Public Accountants P.O. Box 5437 Tallahassee, FL 32314-5437