Accounting Connect - Fall 2022

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Accounting Connect FALL 2022

CONTENTS

FEATURES

What employers should understand about today’s accounting students 11

Gen Z will make up 30% of the workforce in just a few short years.

Retirement plans in divorce 15 When a divorce occurs, the division of retirement accounts is among the most important components of the settlement.

The dos and don’ts of disengaging 20 Once you realize a client relationship should end, take the time to do it right.

Member News 6

What have your fellow members been up to? Read about their accomplishments.

OSCPA News 24

What’s new with your Society? Don’t miss these member events and benefits designed with you in mind.

Professional Development 28 OSCPA-SelectTM CPE is curated just for you and your professional journey.

Upcoming conferences 28 OSCPA conferences are designed for OSCPA members, by OSCPA members. Who knows better what you need than local colleagues?

Advertisers:

Accounting Practice Sales 35

CAMICO 23

CPACharge 19

COLUMNS

Chair’s Message 4

OSCPA Chair Geoff Dougall asks CPAs to encourage, develop, and maybe even inspire those considering accounting as a field of study.

OSCPA Group Health Trust insurance plans remain competitive for 2023 14 The Group Health Trust offers member firms stronger benefits at a lower price than many of the direct options available.

Kernutt Stokes 10

Oregon Community Foundation 2

Private Practice Transitions 22

Providence Health Plans 13

The Partners Group | OSCPA Group Health Program 25

Publisher

Oregon Society of CPAs

Mailing address

PO Box 4555 / Beaverton, OR 97076-4555

Location 10206 SW Laurel St. / Beaverton, OR 97005-3209 503-641-7200 / 800-255-1470 • Fax: 503-626-2942 www.orcpa.org / oscpa@orcpa.org

Chair

Geoffrey T. Dougall

Chair-Elect

Tracy M. Allen

Vice Chair

John D. Hawkins

Past Chair

Charles R. Mello

Board of Directors

Adam R.K. Abplanalp

Karen C. Anderson

Cynthia A. Granatir

Gary A. Holcomb

Megan S. Kurz

Pedro J. Nunez Dieguez

David S. Porter

Harriet A. Strothers

Yvonne D. Zbranak

Chapter Council Chairs

Ross E. Holliday

Benton-Linn Chapter

Yvonne D. Zbranak

Central Oregon Chapter

Cameron W. Anderson

Eastern Oregon Chapter

Dennis M. Quigley

Emerald Empire Chapter

R. Angelo Sampson

Mid-Columbia Chapter

Larry A. Reiber

South Coast Chapter

Elena L. McKee-Dabbs

Southern Oregon Chapter

President/CEO

Sherri L.D. McPherson, IOM, CAE

Managing Editor

Leslie R.P. Konst, MS

lkonst@orcpa.org

Editor Susan Fleming sfleming@orcpa.org

Content Manager Susan Fleming sfleming@orcpa.org

The Oregon Society of CPAs assumes no responsibility for statements or advertisements herein and reserves the right to reject any advertising. Statements and opinions expressed are those of the authors and not necessarily those of the OSCPA. Publication of an advertisement does not constitute an endorsement of the product or service by AccountingConnector the OSCPA.

Send address changes to OSCPA / PO Box 4555 / Beaverton, OR 97076-4555

Or update your member profile online at www.orcpa.org/my-oscpa/profile

Copyright© OSCPA 2022 Magazine design by Joleen Funk

joleen.funk@gmail.com

Stock images by istockphoto.com & stock.adobe.com

Printed by Lithtex Printing Solutions, Hillsboro, Oregon

The “perfect” day, like a great career, happens only with support and assistance.

Strengths and opportunities within the profession

Contact Geoff Dougall at ChairGeoff@orcpa.org

Geoffrey (Geoff) T. Dougall 2022-23 OSCPA Chair

I’m writing this message the day after my oldest daughter’s wedding and reflecting on the excitement and hope associ ated with this life event, as well as the stress of trying to pull off the “perfect” day. There were days when I know she felt overwhelmed thinking through the details of the day, and there was that moment when her dreams and reality collided.

As we discussed some of the final details, we talked about the highs and lows that would be experienced that day and the choice she’d have regarding the memories she chose to retain. That evening as she and I shared a dance at her reception, I couldn’t be happier when she expressed immense gratitude for the work so many people (especially her mother) put in helping her have her ideal wedding.

As I reflect on my own life, I am so thankful for the assistance, service, and support so many people have offered over the years. Many times, I was unaware in the moment what others were doing on my behalf, but in hindsight I see so many ways others have guided or assisted me. Professors, managers, men tors, good friends, and family members have all helped clear hurdles, acted as sounding boards, and provided perspective that I needed at that moment. I can’t help but wonder if I’m doing enough to assist and strengthen those around me, both professionally and within the community.

At the spring AICPA council meeting, our new AICPA chair Anoop Mehta spent much of his opening remarks talking about the support and sacrifices of others and the impact it has had on his career. He challenged all of us to help others grow and inspire a diverse pipeline into the profession. He discussed ways to strengthen the profession by creating oppor

tunities for students and new graduates. He asked that we step forward to advance our profession by ensuring opportunities exist for those coming behind us.

Are we consciously looking for ways to instill some of our wisdom in those seeking to learn and grow? Are we striving to regularly develop the skills and talents of those we work with? I remember as a young college graduate having conflict ing feelings of “I’ve graduated from a top accounting program and have a ton to offer” and “I have no idea what I was just asked to do.” I am so grateful to those peers who were willing to provide that extra bit of clarity and to managers with the sense to stop and ask what else I needed as I would puzzle through an issue. Whether we’ve been working for two years or 52 years, there’s always someone we can mentor and sup port as they grow within the profession. If you don’t have that person within your organization, I am confident the OSCPA can find someone seeking a mentor and would happily con nect you.

The OSCPA has an excellent program called LEAP (Leadership Excellence Advancing Professionals ™) held each fall. This program is designed to grow and develop manage ment and leadership skills of each participant. For those with wisdom, I encourage you to sponsor someone within your firm. For those looking to develop some of your leadership and communication skills, please consider attending this excellent program. As a profession, developing these “soft skills” is crucial to strengthening those around us and will also improve other facets of our professional development.

Building new skills is essential in life. Life requires us to grow and change through challenges. New experiences are what make life special. In addition to my daughter’s wedding, I’ve also had a son graduate from college, helped my parents move into assisted living, adopted a young puppy (our first fami ly pet in over 10 years), and worked with numerous clients facing various life events. Life is so dynamic. For some of us change is the variety that makes life interesting, others view change as something to try pushing off until they are better prepared, and others experience change as overwhelming with a genuine dread of the unknown.

Isn’t it fascinating how we can view a similar experience with very different perspectives. For example, how many of us couldn’t wait for the start of a new school year – the new teach ers, new classes, and new friends – all of it an exciting oppor tunity to experience something new (and possibly better). And how many of us dreaded those first days of school when we felt uncomfortable and unsettled – worried about doing or say ing the wrong thing and unsure how we would fit in.

In our careers, I’m sure we’ve all experienced both ends of this spectrum at one point or another. Our personal reaction to change has likely been a big factor in our career – are we grate ful for the predictability and consistency that some careers offer or do we prefer the challenge and variety of a different career path? For me, I love the predictability of a tax season with some of the slower periods when I’m able to travel and spend time with family. I also love the variety of clients along with the many challenges they present on a regular basis.

What is it that has attracted you to the accounting profession? Are you able to articulate and share that with others? I chal lenge you to find someone half your age and share with them why you chose this career and see if you can spark an interest in them. If you have opportunities to attend a career day at a local school, I encourage you to jump at the opportunity. Nearly every profession has long days, periods of immense stress, or other deadlines they struggle to meet – let’s acknowl edge that we have our share of long, stressful days and multi ple deadlines, but let’s NOT make it what defines CPAs.

We have such a variety of work and so many areas requiring expertise. Whether you enjoy poring over numbers, advising clients, developing strategic plans, providing reports and insight to strengthen a business, or any number of other skills a CPA has, the breadth of opportunities we have is some thing that anyone considering an accounting career would be interested in hearing about. Let’s communicate those positive emotions we feel with a job well done. Let’s all do our part to encourage those considering accounting as a field of study, help to develop those who have recently joined our profes sion, and support those we work alongside.

As the calendar has turned toward autumn, may we enjoy the changing seasons and find opportunities to enjoy this wonder ful part of our country. I look forward to seeing many of you in person at the various events around the state in the coming months, as we continue to work together on behalf of the profession.

Officers

Announcing 2023-24 Candidates for OSCPA Board of Directors

In accordance with Article VII of the Society Bylaws, the OSCPA Nominations Committee recommends to the 2022-23 Board of Directors the following slate of candidates to serve as OSCPA Officers and Directors for the 2023-24 fiscal year, commencing April 1, 2023.

One-Year Terms: 2023-24

Chair

Tracy M. Allen

Aldrich CPAs + Advisors LLP Lake Oswego

Chair-Elect

John D. Hawkins Grove Mueller & Swank PC Salem

Director Candidates

Proposed for Three-Year Terms: 2023-26

Jonathan D. Grover City of Hillsboro Hillsboro

Tiffany K. Nash Kernutt Stokes LLP Eugene

Ray L. (R.L.) Widmer III Moss Adams LLP Eugene

Vice Chair

Gary A. Holcomb

Ernst & Young LLP Portland

Immediate Past Chair

Geoffrey T. Dougall

Dougall Conradie LLC Portland

Director Candidates

Continuing Service

Three-Year Terms: 2022-25

Adam R.K. Abplanalp Cobalt PC Portland

Megan S. Kurz

KDP Certified Public Accountants LLP Medford

Yvonne D. Zbranak Silverline LLP Bend

Secretary / Treasurer

The Secretary and Treasurer shall be appointed from the elective directors.

Director Candidates

Continuing Service

Three-Year Terms: 2021-24

Gary A. Holcomb* Ernst & Young LLP Portland

Pedro J. Nunez Dieguez

People First Consulting LLC Beaverton

David S. Porter

Geffen Mesher & Company PC Portland

*In accordance with OSCPA Bylaws, Article IV, Section 6, E, based on the outcome of the 2023-24 Officers and Directors slate, the Board of Directors will appoint a candidate to fill the remainder of the term.

Members’ Right to Submit Additional Candidates

Members have a comment period of 60 days, beginning on Oct. 15, 2022, and ending Dec. 15, 2022, to consider the list of proposed candidates, after which, if no additional nominations are received, the slate will be declared elected. If during the comment period a group of at least 10 Voting members petition the Society to nominate additional candidate(s) not on the proposed slate, a contested election would be held.

For Additional Information:

If you have questions regarding the OSCPA Board of Directors nominations and elections process, please contact Sherri McPherson, IOM, CAE, President/CEO, at 503-597-5480 / 800-255-1470, ext. 120; smcpherson@orcpa.org.

You may obtain a copy of the OSCPA Bylaws at www.orcpa.org/about/bylaws.

Kudos & accomplishments

Send

news and announcements to communications@orcpa.org.

New hires

Sonjia L. Barker joined Perkins & Co., Portland, as state and local tax director.

Caleb Conner joined Kernutt Stokes LLP, Eugene, as an audit intern.

Matthew D. Currier joined Jones & Roth CPAs and Business Advisors, Eugene, as a manager in the nonprofit and affordable housing teams.

Olga Gira will join Delap LLP, Lake Oswego, upon graduation in 2024.

Liviya D. Greer joined Moss Adams, Portland, as a tax intern. Prince K. Jones joined PwC LLP, Portland, as a tax intern. Katelyn Nadeau joined Merina + Co., Tualatin, as an intern.

Johnathon D. Newey joined Wicks Emmett LLP, Roseburg, as a senior tax associate.

Kelli Pallister joined Doty Pruett Wilson PC, Salem, as a senior staff accountant.

Erik Refsland joined Moss Adams, Portland, as an audit intern.

Alexandar C. Wells joined Kernutt Stokes LLP, Eugene, as an audit intern.

Huayu Wu joined Geffen Mesher & Company PC, Portland, as an accounting intern.

Promotions

Noah Brasseur was promoted to supervisor at Isler Northwest LLC, Portland.

Cameron Clark became the owner of WB CPA LLC, Portland. Cameron has been with the firm since 2021.

Lucas M. Cooperrider was promoted to senior associate at Hoffman, Stewart & Schmidt PC, Lake Oswego.

Randy Dean was promoted to senior tax associate at Kernutt Stokes LLP, Bend.

Leah D. DiGregorio was promoted to managing partner at Hoffman, Stewart & Schmidt PC, Lake Oswego.

John D. Hawkins was promoted to chair of the board at Grove Mueller & Swank PC, Salem.

Graham G. Hay was promoted to director, national tax strategic solutions, at Grant Thornton LLP, Portland.

Charlotte G. Kreitlow was promoted to virtual accounting manager at Kernutt Stokes LLP, Eugene. She joined the firm in 2018.

Luis G. Palomar was promoted to senior associate at Hoffman, Stewart & Schmidt PC, Lake Oswego.

Ryan T. Pasquarella has been promoted to managing director of audit at Grove Mueller & Swank PC, Salem. Ryan joined the firm in 2005.

Edwina M. Quiddaoen was promoted to manager in the nonprofit team at Jones & Roth CPAs and Business Advisors, Hillsboro.

Grant J. Weyrauch was promoted to manager at Jones & Roth CPAs and Business Advisors, Eugene.

Lori K. Woodbury has been promoted to managing director of business operations at Grove Mueller & Swank PC, Salem. Lori joined the firm in 2015 with over 14 years of experience.

Angela M. Wusstig has been promoted to managing director of tax at Grove Mueller & Swank PC, Salem. Angie began working at the firm in 1995.

Nancy L. Young-Oliver was promoted to executive director/ CFO of finance & administrative services at TriMet, Portland.

Recognition

Adam R.K. Abplanalp, Cobalt PC, Portland, and Harriet A. Strothers, Delap LLP, Lake Oswego, spoke at webcasts: Oregon’s Pass-Through Entity Elective Tax and Metro SHS and Multnomah County PFA Taxes”

Trent T. Baeckl, Perkins & Co., Portland, and Michael L. Lortz, Downtown Development Group LLC, Portland, spoke at OSCPA’s Real Estate Conference.

Mark A. Clift, McDonald Jacobs PC, Portland, was featured in the Portland Business Journal for Pride 2022.

Sonjia Barker Noah Brasseur Cameron Clark Lucas Cooperrider Matt Currier Leah DiGregorio

John HawkinsOlga Gira

Prince Jones Charlotte Kreitlow Johnathon Newey Kelli Pallister

John H. Draneas, Draneas Huglin Dooley LLC, Lake Oswego, spoke at OSCPA’s Estate & Trust Conference.

John D. Hawkins, Grove, Mueller & Swank PC, Salem, presented on Fiduciary Income Tax for Trusts and Estates at the Oregon State Bar’s Advanced Estate Planning Conference.

Rebecca A. Hubinsky, Moss Adams LLP, and Ruth O. Okenye, Evergreen Family Medicine, volunteered at the 2022 OSCPA Career Showcase.

Amanda J. McCleary-Moore, Moss Adams LLP, Medford, and Ashley C. Osten, Moss Adams, Portland spoke at OSCPA’s Audits of State and Local Governments / Governmental Accounting and Financial Reporting Standards webcast.

Tonya M. Moffitt, Merina + Co., Tualatin, spoke at OSCPA’s Minimum Standards for Audits of Oregon Municipal Corporations/Oregon Local Budget Law seminar and How to Create a Governmental Annual Comprehensive Financial Report webcast, as well as at AICPA+CIMA Engage 2022.

Robert G. Moody Jr., Merina + Co., Tualatin, spoke at OSCPA’s Governmental Accounting and Auditing Update webcast.

Patricia M. Morris, Grove Mueller & Swank PC, was appointed 2022-23 president of The OSCPA Education Foundation.

Joel A. Owens, Portland State University, Portland, and Scott T. Williams, Delap LLP, Lake Oswego, spoke at OSCPA’s Accounting & Auditing Conference.

Yvonne D. Zbranak, Silverline LLP, Bend, joined the 2022-23 OSCPA Board of Directors. An OSCPA member since 2007, Yvonne has served long-term on the Central Oregon Chapter Council, including service as council chair. When not preparing tax returns, you can find Yvonne outdoors enjoying all the Pacific Northwest has to offer with her two children.

Denise K. Petterborg, Irvine & Company LLC, Portland, spoke at OSCPA’s Leading/Succeeding in a Hybrid Environment webcast.

Harriet A. Strothers, Delap LLP, Lake Oswego, spoke at OSCPA’s Oregon and State & Local Taxation – The Basics, and OSCPA’s Oregon and State & Local Taxation –Intermediate webcasts.

Debra S. Suchan, In Parallel Consulting Services, Hillsboro, spoke at OSCPA’s Enhance Your Leadership Effectiveness Through the Lens of Myers-Briggs Personality Type webcast.

Carolyn D. Thompson, Carolyn D. Thompson CPA LLC, Coos Bay, was awarded the 2022 Distinguished Alumni by Southwestern Oregon Community College.

Jennifer Young, Moss Adams LLP, Portland, spoke at OSCPA’s Forest Products Conference.

Firm & business news

Boldt Carlisle + Smith, Salem, has changed its name to SingerLewak LLP.

Delap LLP, Lake Oswego, volunteered at Sunshine Division’s Wilsonville Fulfillment Center to help reduce food insecurity in the community.

Geffen Mesher & Company PC, Portland, acquired Vancouver, WA firm Vierck & Rakoski, CPAs, PC.

Grove Mueller & Swank PC, Salem, received Best of the Willamette’s 2022 vote for best Accounting Firm in Marion, Polk, Yamhill and Linn counties.

McDonald Jacobs PC, Portland, celebrated its 50-year anniversary.

Walsh Construction Co., Portland, received a 2022 Transformer Award from the Portland Business Journal.

Academic news

Kelsey Halls, Moss Adams LLP, Portland, obtained her Master of Taxation degree from Portland State University.

Jacob C. Johnson, Perkins & Co., Portland, spoke to the Beta Alpha Psi chapter at Washington State University –Vancouver.

Jake Johnson Tonya Moffitt Edwina Quiddaoen

Mark Clift

Nancy Young-Oliver

Carolyn Thompson Grant Weyrauch

Congratulations new CPAs

These members became certified in June, July, and August 2022

Tory M. Bailey, Jones & Roth PC, Eugene Uriel D. Barker, Gary McGee & Co. LLP, Portland

Welcome members

These members joined or re-joined in June, July, and August 2022.

Central Oregon

Gregory S. Lankston II, Capstone Certified Public Accountants LLC, Bend

Metro Portland

Sonjia L. Barker, Perkins & Co., Portland Karla E. Curiel, Technivorm Moccamaster USA Inc., Portland Mandy E. Dearborn, Equilibrium Capital Group LLC, Portland

Jessica C. Gerlach, Perkins & Co., Portland Eric Kang, City of Tigard, Tigard

Rachel M. Hay-Roe, Hansen Hunter & Company PC, Portland Shelley L. Ombrembowski, Jones & Roth PC, Bend

Ashley Tuttle, Clean Water Services, Hillsboro Yohannes H. Zewudie, Yohannes Tax & Accounting Service LLC, Clackamas

Southern Oregon

DeAnn M. Bogart, Klamath Falls Anthony V. Rayburn, Medford Debra Watson, Grants Pass

Out-of-State

Vivian Cousins, Johnson Bixby, Vancouver, WA Jesse Jaspreet S. Deol, James Marta & Company LLP, Sacramento, CA

Welcome student members

These members joined during June, July, and August 2022.

Randy Allen, Wells Fargo Bank NA, Hillsboro Elizabeth Angelozzi, Damascus Diego M. Arredondo, Canby Madison T. Clark, Wolf Creek Molly J. DelCurto, Helena, MT Fabricio Farfan, Portland Zoe Grinberg, Lake Oswego Tracie Guidry, Scappoose

Caitlyn January, Beaverton Amanda Lambert, Monmouth Timothy D. Lower, Portland Aquila Nelson, Beaverton

Laila S. Sheikh, Lake Oswego John Sowles, Portland

Connor Stevens, Portland Nicole Swanson, Cedar Sinai Park, Portland Suzanne Taylor, Eugene Steven Watson, San Diego, CA McKenna M. Weaver, Milwaukie Alex Whitnell, Ashland

In memory

The OSCPA

R. Keith Bebb

Shirley

Janis M. Palermo

Cheryl C. Rogers

Roy H. Webster

James H. Weisgerber

.

Member Spotlights

The CPA credential opens a variety of doors! Read about your fellow CPAs’ unique professional journeys at www.orcpa.org/my-oscpa/memberspotlights.

Bryce Bernard, Corban University

For Bryce Bernard, teaching is about so much more than accounting content.

Olga Gira, Washington State UniversityVancouver

Olga Gira is a student at Washington State University-Vancouver and spent her summer interning at Delap LLP. Read why to her, CPA is more than 3 letters.

Will Kemper, Merina + Co.

How Will Kemper of Merina + Co. and OSCPA Leadership Academy graduate, feels about a challenge.

Tasneem Anjary, Portland State University

Tasneem Anjary wants to make her children proud of their mother. Read more about this recent Educational Foundation scholarship recipient.

Bob Yingling, Robert G. Yingling, Jr., CPA

After 20 years on the Peer Review Committee, OSCPA member Bob Yingling looks back at what he gained from his service.

Daniel Wardle, KDP Certified Public Accountants

Why Daniel Wardle of KDP, Medford thinks earning the CPA credential is one of the most valuable accreditations in business.

Need a CPA that specializes in family-owned businesses?

Maybe we should talk.

The CPAs and business consultants at Kernutt Stokes are well-versed in the unique opportunities and challenges of family-owned businesses. Our team across Oregon has specialists in services often relevant to multi-generational businesses, including wealth management, retirement and succession planning, and more. Let us put our experience to work for your clients.

Expect more from your CPA. Get more with Kernutt Stokes.

Bend | Corvallis | Eugene | Lake Oswego kernuttstokes.com | (541) 687-1170

What employers should understand about today’s accounting students

by Colleen Sump, Portland State University School of Business

The accounting profession is seeing a lot more of Gen Z, the first digital native generation to enter the workforce. These young professionals, who were born after 1996, will make up 30% of the workforce in just a few short years. To successfully attract, recruit, and retain this talent pool, employers need to understand the unique attributes and preferences of these young professionals who have come of age in a rapidly chang ing and technological world.

While juggling high school and college, Gen Z students experienced a global pandemic, political and civil unrest, a growing climate emergency, school shootings, and various economic crises. These challenges shaped and influenced what this generation not only wants from their careers, but what they want from their lives, including career growth opportu nities, competitive compensation, a healthy work-life balance, and a strong company culture that reflects their values.

Career growth and professional learning opportunities

This generation is interested in upskilling and has a strong desire to stay relevant so they can advance as quickly as pos sible. The pandemic has strengthened their ability to learn on their own, but they also expect to be coached and trained at work. More specifically, accounting Gen Zers see a future world of work that is connected and transformed by technolo gy, so they want access to training in new technologies and to be seen as the early adopters within their organizations. They are also looking for career development to be personalized since they have grown up with customized experiences, from playlists to newsfeeds.

One Portland State University (PSU) student said, “I want to put my absolute all into providing the best outcome for my employer, but if the opportunity for advancement is low, that would greatly affect my motivation.”

For employers - Create mentorship programs, offer online certifications and courses, and encourage attendance at con ferences and seminars. Train your managers to be coaches. Consider having “stay” interviews instead of “exit” interviews. Provide real-time feedback rather than orchestrated perfor mance reviews.

Competitive compensation

Salary has always been a major determining factor as emerging professionals weigh job opportunities, but today’s students are much more financially savvy due to the abundance of information at their fingertips. Right now, a top concern for early professionals is how rising inflation is outpacing salary growth. Financial stability is an important factor for many stu dents who choose the accounting field, so they are concerned about the current inflation situation and salaries keeping up with their ability to lead the lives they were expecting.

Gen Zers also understand that compensation means a lot more than a paycheck. In addition to the traditional benefits like retirement, vacation, and health insurance, this genera tion is interested in additional perks like financial guidance, student loan assistance, tuition reimbursement, parental leave, backup caregiving options, and most importantly, benefits that directly affect mental health and well-being. Gen Z has grown up in tumultuous times and they understand that their physical, mental, and social well-being directly affects their ability to thrive at work and at home. “We’re looking for com panies that value us as humans,” said one PSU accounting student. “Benefits in addition to PTO, health insurance, and retirement packages have the ability to really attract us.”

For employers – Think outside the box regarding compensa tion. When a candidate is weighing their options, this may be what convinces them to choose your offer.

Healthy work-life balance

As one PSU accounting student said, “I was not born to work, pay bills, and then die. I’d like to enjoy my life!” This senti ment is shared by many Gen Zers who point to flexibility as a major factor contributing to a good work-life balance. Gen Z understands that in today’s connected world, work doesn’t necessarily start and stop at pre-determined times. They want flexibility in taking time off, working remotely, and determin ing for themselves how to balance their personal and work lives, as long as they meet their employer’s expectations.

Young professionals also want to work a reasonable number of hours so they are able to integrate their other priorities and interests into their lives. “We are looking for jobs that offer opportunities for growth without having to spend crazy hours at work,” said another PSU student.

For students going into public accounting, the rigorous sched ule during the busy season is expected and the trade-offs are understood, but firms should take note of this generation’s desire for a healthy work-life balance if they want to retain them past the first few years of employment.

For employers: Provide as much flexibility as possible, with options for remote or hybrid work.

Strong company culture

Gen Zers are drawn to employers with strong values and a sense of purpose. They care about environmental sustainabil ity, wealth inequality, social justice, and corporate ethics. As the most diverse generation to enter the workforce, Gen Zers want employers to be able to articulate what DEI looks like in the day-to-day of their firm or business and not just have DEI as a part of their mission statement. They value action over promises, so employers need to show evidence they are active ly working on their DEI initiatives while also recognizing the work will be ongoing and ever-changing.

Because Gen Z is mission-driven, they are interested in doing meaningful work for organizations that reflect their personal ethics. They are taking action on matters that are important to them and not waiting for change to happen. Employers that also make efforts to create positive impacts on society will benefit from having these young professionals want to work for their organizations.

For employers – Clearly communicate your mission and pur pose to potential recruits. Develop pathway opportunities for students from diverse backgrounds. Display positivity, authen ticity, and transparency during the recruiting process. Develop a culture of belonging for all employees. Be charitable.

What else should employers know about Gen Z? In general…

• They enjoy being independent and getting their work done without relying on others.

• They want to feel valued for their ideas and recognized for their contributions.

• They are intentional about their career choices and are ready to move from one employer to another with relative ease.

• They want to make a difference in their workplace and in society in general.

• They are visual content connoisseurs, so using short videos on social media, in emails, and on websites is critical to reaching and engaging this audience.

• They are concerned about entry-level accounting work being taken over by technology. That said, employers can convey that although technology is transforming many entry-level tasks, they are looking to emerging accounting professionals to step into higher-value work that requires personal judgment and problem-solving skills.

The next generation of accounting professionals will not all be Gen Z; non-traditional students are returning to school to study accounting because of its reputation as a stable field with excellent growth and earning potential. But these non-tradi tional students (mostly Millennials) have also been affected

and shaped by the same world events and technological advances that Gen Z has and are wanting similar things from their employers. Millennials have been affected by the Great Resignation as they’ve watched many of their friends and fami ly change jobs in the last few years looking for something more – more purpose, more flexibility, and more empathy. This has influenced their view of the work they want to do,who they want to do it with, and who they want to do it for.

The workplace is facing a lot of disruption right now, but it is also a time of great opportunity for employers who are willing

PSU School of Business

True Health

Leverage your OSCPA Firm Membership

Providence Health Plan continues its partnership with the Oregon Society of CPAs Group Health Trust effective January 1, 2023.

Serving the Northwest for more than 160 years

to reimagine their approach to talent acquisition and reten tion. Gen Z students and early professionals are bringing an entrepreneurial spirit, a “can do” attitude, and an appetite to make the world a better place that has the potential to benefit us all.

Information for this article was derived from many sources, includ ing the 2021 International Federation of Accountants Report, The Deloitte Global 2021 Millennial and Gen Z Survey, LinkedIn’s 2022 Global Talent Trends Report, the National Association of Colleges and Employers, as well as qualitative responses from Portland State University (PSU) accounting students.

About the author

With over thirty years of experience with educational institutions throughout the Northwest, Colleen Sump is currently a Career Coach in the School of Business at Portland State University working primarily with accounting and finance students.

We’re committed to supporting Northwest businesses with quality healthcare. With thousands of in-network providers, convenient no-cost Telehealth options, and a local customer service team, Providence is the ideal choice for your business.

Get your firm quote today!

Please contact The Partners Group at or e-mail OSCPAHealthPlan@thepartnersgroup.

OSCPA Group Health Program for Affiliate Firm Members

Plans and rates remain competitive for 2023!

The OSCPA Group Health Trust Board of Trustees is excited to share information regarding the 2023 Medical, Dental, Vision, and Long-Term Disability plans. We are continuing our partnerships with Providence Health Plans, Delta Dental of Oregon, and The Hartford for plans offered through the Group Health Trust.

The past year has been challenging in the health insurance market. Companies have been hit with higher than usual increases due to an increased level of healthcare utilization as the pandemic has evolved. Insurance companies have filed

Highlights of 2023 plans

Medical/Rx – Providence Health Plans

• Four traditional PPO plans and two HSA plans

• Broad provider network plans across the entire state

• Continued in-network access to all Portland-area hospitals except for Kaiser

• Narrow network plans in most counties with significant premium savings

• Four-tier composite rating (no age rates)

• Custom pricing available for firms with 20+ eligible employees

Dental – Delta Dental of Oregon

• Access to the largest dental insurance carrier in Oregon

• Three plans available, including one plan covering orthodontia and one voluntary plan

• Firms can elect Dental without offering Medical insurance

some of the largest increases in the small group market in recent years and are reducing benefit levels to combat higher utilization and costs.

As the market changes, the Group Health Trust is well posi tioned to be a competitive option for OSCPA firms. Through our assessment of small group rates and plans it is clear that the Group Health Trust offers stronger benefits at a lower price than many of the direct options available. Following are the highlights of the plans available to OSCPA member firms:

Vision – Providence Health Plans

• Access to VSP network through Providence, the largest vision network in the country

• One plan available, with exams and lenses covered every year

• Available to firms electing Medical insurance through Providence

Long-Term Disability – The Hartford

• 50% or 60% income replacement plans available

• Composite rating, regardless of employee age

• Substantially reduced rates vs. direct market

A message from the Board of Trustees of the OSCPA Group Health Trust

The OSCPA Group Health Trust Board of Trustees is pleased to announce competitive plans and rates for our member firms. We encourage you to reach out to our broker, The Partners Group, to see if OSCPA Group Health Program plans are a good fit for your firm. The Partners Group can help compare your current plans to those available through the OSCPA and answer any questions you may have.

Please contact The Partners Group at 503-726-5755 or oscpahealthplan@tpgrp.com.

Retirement Plans in Divorce

By Terry Donahe, CFP®, CDFA®, Springwater Wealth Management

Saving for retirement is one of the greatest challenges facing Americans. While government pension plans still exist, few corporations provide them. Saving in employer-sponsored retirement accounts is limited. Saving outside of work is a struggle for many people. Social Security is underfunded and, consequently, its benefits will eventually be scaled back.

So when a divorce occurs, the division of retirement accounts is among the most important components of the settlement. It is also among the most complex. As a result, mistakes are made. Let’s review retirement plans.

Categories of retirement plans

There are three categories of retirement plans:

• Plans that are provided by companies for their employees which are governed by ERISA (the Employee Retirement Income Security Act) law.

• Plans that fall under federal and state law, but which do not fall under ERISA.

• Plans that receive certain tax advantages under the Internal Revenue Code.

ERISA retirement plans — defined benefit and defined contribution

Under ERISA, there are two broad types of retirement plans.

In a defined benefit plan, the employer provides participants a specific monthly benefit (often described as an annuity) at retirement. The benefit may be stated as a specific dollar amount. More commonly the benefit will be calculated based on a formula that includes factors such as salary, age, and number of years worked for the employer. The benefit may be indexed for inflation. It is noteworthy, that employees do not have a separate account in these plans. Defined benefit plans are pooled. There is no cash value.

In a defined contribution plan, the employer and employee contribute to an account in the employee’s name. Employees

decide how much of their pay to contribute, subject to limits. They also decide how the account balances are invested. The employer may contribute to the employee’s account, often through matching a percentage of the employee’s contri butions. The value of the employee’s account is a function of employee contributions, employer contributions, invest ment performance, and plan expenses. Defined contribution plans include: 401(k), Roth 401(k), SIMPLE IRA, Simplified Employee Pension (SEP), Employee Stock Ownership Plan (ESOP), and profit sharing.

Non-ERISA retirement plans

There are retirement plans to which ERISA does not apply. An employer providing a non-ERISA plan does not contrib ute to the plan. In addition, there are limits on the administra tor for a such a plan.

There are two categories of non-ERISA plans. Plans can qual ify under the Department of Labor’s safe harbor provision which includes several requirements. Plans can also qualify if they fall into one of the special exemptions for governmental plans for federal, state, and local governments, “church plans” for religious organizations, and private sector 403(b) plans established by 501(C)(3) tax-exempt organizations that meet certain requirements.

The military’s retirement plan is also not subject to ERISA.

Non-qualified employer retirement plans

There are still other retirement plans that are not covered by ERISA rules. These non-qualified retirement plans are used by employers to provide highly-compensated executives with supplemental retirement savings. Non-qualified plans include deferred compensation, executive bonus, split-dollar life insur ance, and group carve-out.

Contributions to these plans are not deductible to the employer. The contributions become taxable to the executive when they are received, typically in retirement.

PLANS

Other personal tax-advantaged retirement plans

There are two other personal retirement savings accounts which are widely held. Very briefly, they are:

The traditional Individual Retirement Account (IRA). Contributions to a traditional IRA may be fully or partial ly deductible depending on the taxpayer’s filing status and income. Amounts in a traditional IRA (contributions and earnings) are generally not taxed until they are distributed. In general, withdrawals cannot be taken from a traditional IRA before age 59 ½ and they must begin by age 72.

The Roth Individual Retirement Account (IRA). There is no deduction for contributions to a Roth IRA (i.e., they are made after-tax). If certain requirements are met, qualified distribu tions are received tax-free. Withdrawals can be taken from a Roth IRA after a five-year holding period. However, there are no minimum distribution requirements.

There are combined contribution limits that apply to an indi vidual’s combined traditional and Roth IRAs.

Valuing retirement plans

The valuation of retirement plans depends on the type of plan.

Defined benefit plans represent a promise by an employer to pay a participant income in the future. There is no separate employee account with a current value. Instead, the present value of the employee’s future benefit must be calculated. The factors involved in the calculation include the participant’s age, life expectancy, and retirement age and a discount rate. Note: The pension statement is not a reliable indication of the actual value of a participant’s pension.

The coverture faction is used to calculate the marital and non-marital portion of a defined benefit pension plan. The numerator of the fraction is the number of years of partici pation in the employer’s plan during the marriage. It usually starts with the date of marriage and ends with the date of divorce. The denominator is the total number of years of employment with the employer. It usually starts with the date of entry into the plan and ends with the date of divorce. The resulting fraction provides the portion of the benefit that is considered marital. The non-marital portion is simply the remaining amount of the benefit.

Defined contribution plans provide employees with an indi vidual account. That account will usually hold securities (e.g., mutual funds, exchange-traded funds, and annuities) which can be readily valued.

Non-ERISA retirement plans and non-qualified retirement plans can be valued based on the nature of their benefits. Plans providing future benefits can be valued using a present value calculation. Plans with accounts which hold marketable securities are easily valued.

Dividing retirement benefits

The process of dividing a retirement benefit depends on the nature of the plan. Benefits from qualified plans that fall under ERISA are divided by a Qualified Domestic Relations Order (QDRO).

ERISA retirement plans can be divided in two ways. Under the shared payment method, the QDRO establishes the amount or percentage of the participant’s payments that will be allocated to the alternate payee and the number of pay ments or period during which the allocation to the alternate payee is to be made. Under this approach, the alternate payee will not receive payments unless the participant receives payments. Under the separate interest approach, the QDRO assigns to the alternate payee a percentage or dollar amount of the participant’s account balance as of a specific date.

Benefits from non-ERISA retirement plans, non-qualified employer retirement plans, and personal tax-advantaged plans are divided by the divorce decree or via a Domestic Relations Order (DRO).

Transferring retirement benefits

The transfer of ERISA retirement benefits is addressed in the QDRO. Typically, but not always, the alternate payee’s inter est in a participant’s defined benefit pension plan will remain with the plan. An alternate payee’s interest in a defined contri bution benefit plan will either remain with the plan or will be transferred to an alternate custodian.

The conveyance of non-ERISA retirement benefits, non-qual ified employer retirement plans, and other personal tax-advan tage retirement accounts is done through a “transfer incident to divorce” as specified in the divorce decree. If the transfer of funds in such plans is done directly from custodian to custo dian, there is no withholding for taxes. If, instead, funds are transferred to the recipient spouse, they must be “rolled” into a suitable account (e.g., IRA) within 60 days to avoid taxation on the entire amount. In addition, if the recipient spouse is younger than 59 ½, a 10% early withdrawal penalty will apply.

Distributions from a retirement plan

In general, distributions from retirement plans are subject to ordinary income taxes. Withdrawals taken before age 59 ½ are subject to a 10% early withdrawal penalty. There are several

ways for an alternate payee to take a distribution from a retire ment plan.

A one-time distribution from an ERISA retirement plan can be done through a QDRO. If the alternate payee is not yet 59 ½, under IRC §72(t)(2)(c) the distribution will not be subject to the 10% penalty. The distribution would occur before the retirement assets are transferred to a separate account. The distribution would be subject to ordinary income taxes. A distribution from an ERISA retirement plan will be subject to mandatory withholding of 20% for federal income taxes and possibly for state income taxes. This withholding may over- or understate the amount of taxes that are ultimately due on the distribution.

A distribution from a non-ERISA retirement plan, a non-qual ified employer retirement plan, and an individual retirement account (IRA) will be subject to the premature 10% penalty (if the recipient is not yet 59 ½) and income taxes. There is no mandatory withholding for taxes for a distribution from these plans.

Under certain circumstances found within IRC §72(t), an individual may take distributions from an IRA before age 59½ and avoid the 10% penalty. Some of the exceptions are: to pay for qualified higher education, to pay for a house as a first-time homebuyer, to pay for unreimbursed medical expenses, and to pay health insurance premiums while unem ployed. It is also possible to take substantially equal period payments which must generally continue for at least five full years, or if later, until age 59 ½.

Issues and pitfalls in dividing retirement plans

Retirement plans are complex and dividing them in divorce requires great care. There are many pitfalls that lurk for the unwary.

Loans

Loans within retirement plans can create challenges in the settlement. The plan administrator will consider a loan as an asset within the account. It should be added to the value of the account to determine the account’s proper value. The loan should be disclosed on the asset worksheet.

Loans are not permitted within Individual Retirement Accounts. So, a loan could not be transferred from a qual ified plan with a loan to an IRA. The loan must remain in the qualified plan. Further, the maximum amount that may be borrowed from a qualified retirement plan is 50% of the vested account balance or $50,000, whichever is less. Imagine a 401(k) with a balance of $125,000 and a loan of $50,000

RETIREMENT PLANS

for a total account value of $175,000. It would not be possi ble to assign by QDRO half of the account ($87,500) to the non-participant spouse, because the remaining amount in the participant’s 401(k) account ($75,000 or $125,000 minus $50,000) would not satisfy the loan rule. The account would be deficient $6,250 and that amount would be immediately due and payable by the plan participant.

Distributions

If a non-participant spouse expects to need more than an ini tial distribution from an ERISA retirement plan, they should consider leaving the assigned interest within the plan. This would enable the non-participant spouse to take additional penalty-free withdrawals.

A non-participant spouse taking a distribution from an ERISA retirement plan should consider the 20% mandatory withholding. For example, if the need is for $100,000, then $125,000 should be requested in the QDRO.

Beneficiary designation

The plan administrator will make payments based on the par ticipant’s designated elections. There have been many cases in which a participant failed to name a beneficiary, named a beneficiary who is deceased, or named a beneficiary who is not the participant’s legal spouse/partner.

Advisors should review the participant’s elections in the con text of reviewing.

The imperiled DB plan

If the qualified retirement plan held by the participant spouse is underfunded or in jeopardy of becoming so, or is otherwise mismanaged, the non-participating spouse should carefully consider the risk of leaving an interest in the plan. While ERISA retirement plans are insured through the Pension Benefit Guarantee Corporation, the guarantee is limited and may not fully protect the participant’s original interest in the plan.

The Roth account

Contributions to a Roth account (Roth IRA or Roth 401(k)) are made on an after-tax basis. These accounts grow tax-free.

In the process of arriving at a settlement, a Roth account must be valued correctly. Qualified distributions from a Roth account are tax-free. In contrast, distributions from a traditional IRA are subject to ordinary income tax. Therefore, the settlement calculations involving Roth accounts must be adjusted for taxes.

RETIREMENT PLANS

Government defined benefit pensions

These plans generally provide limited benefits to the named survivor if the participant dies. For example, a participant in the Federal Employee’s Retirement System (FERS) receives a retirement annuity that is reduced 10% to give the partici pant’s surviving spouse an annuity of 50% of the participant’s unreduced benefit.

Read qualified plan documents

It is imperative that those who are valuing retirement plans and crafting their division read the relevant plan document and IRS determination letter. While ERISA sets minimum standards for retirement plans in private industry, a sponsor’s plan will often contain unique provisions. For example, advi sors should review the provisions for early and late retirement.

A QDRO must be written in a manner that is consistent with the plan. A QDRO cannot ask the plan to take an action (e.g., make payments) that the plan does not allow.

Points on the QDRO

The QDRO is not qualified until the plan administrator qual ifies it. QDROs are routinely rejected for a variety of reasons.

The QDRO should be entered into court with the Judgement of Dissolution of Marriage. Too often the QDRO languishes, and occasionally, it is not completed.

The QDRO can be used to collateralize a property settlement and protect it from a bankruptcy filing.

QDROs are complex and are written by experts. Those who lack expertise with QDROs are well-advised to seek the advice and services of a QDRO specialist.

Finding an advisor

If your clients need divorce-related financial advice, please encourage them to consider working with a Certified Divorce Financial Analyst (CDFA®), Certified Financial Planner™ (CFP®), or Certified Public Accountant (CPA) with the Personal Financial Specialist (PFS™) credential. Advisors who hold these designations had to meet rigorous educational, experience, and ethics requirements.

Disclaimer

The author does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Readers should consult their own tax, legal, and accounting advisors before engaging in any transaction.

About the author

Terry Donahe, CFP®, CDFA®, is a principal with Springwater Wealth Management, LLC, a fee only registered investment advisor with offices in Oregon and California.

Get up to speed on the latest trends and issues impacting you and the account ing profession. Join your colleagues in-person at the OSCPA Center in Beaverton or via livestream webcast.

2022 OSCPA Professional Issues Update

(4 hours – morning) – 3 Tech & 1 [NT]

• Friday, December 2, 2022 – In-person – OSCPA Center, Beaverton - #11019

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Member Fee: $59 / Nonmember Fee: $109

CPE: 3 Tech & 1 [NT] / Level: 4 (Update)

Producer: Oregon Society of CPAs

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• Accounting Profession Update

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The dos and don’ts of disengaging

By Duncan B. Will, CPA/ABV/CFF, CFE, CAMICO

Whether due to the “great resignation,” the “great reassess ment,” or the “baby boomer departure,” the CPA profession is experiencing a diminishing workforce while facing “stan dards overload,” handling a variety of relief programs, coping with innumerable IRS issues, and dealing with the constant stress of limited resources and elevated client demands.

What can you do?

If you are like many CPAs, you are reflecting on the busy sea son you just traversed. You are reassessing your quality-of-life chart and have identified issues or clients you wish were no longer accompanying you.

Do not let the passage of time numb you to the stress and frustration you experienced. Now is the time to say, “happy trails” and dismiss these select few clients. Yes, now is the time to explore disengaging.

This is the topic — the dos and don’ts of disengaging.

Too many CPAs prioritize the “client acceptance” process and don’t equally follow the important “continuance” component of the client acceptance and continuance process.

Undesirable individuals aren’t the only reason to terminate clients. You should also consider disengaging when:

• Clients fail to pay or are slow to pay.

• Relationships deteriorate or you no longer possess the competence or capacity to perform the services sought.

• The risks outweigh rewards or when there is a conflict of interest.

• Your independence (on attest services) is threatened or impaired.

Once you realize the client relationship should end, take a moment to do it right. Disengage in writing, but only after you have laid the groundwork.

Start with verbal communication

Don’t surprise clients you terminate with a letter inform ing them of your decision. Get personal and talk to them. Recognize that it may be painful and difficult, but the good-natured touch will typically smooth the transition.

Explain your reasoning, listen, and be empathetic.

You do excellent work, you have been a constant in their lives, and the change will likely not be welcomed as they won’t want to lose you. So, expect an emotional appeal. Know it is coming and stick to your guns.

Disengage in writing

Shortly after your disengagement conversation, memorialize your conversation with a “tweaked version” of the hybrid disengagement letter you crafted — in collaboration with a CAMICO Loss Prevention Specialist — using language har vested from illustrative disengagement letters. Yes, you’ve already had the difficult discussion, but your job is not complete until you finish the paperwork. It’s best to expedi tiously communicate your decision, but you need defensive documentation of your client receiving your disengagement communique.

Email can be the solution if your client promptly replies to your email. A client’s email response acknowledging receipt eliminates the need to obtain proof of delivery from the deliv ery service. Use your understanding of the client to best gauge how to obtain that defensive documentation. While email is the fastest alternative, clients may find email too informal and not reply. If not, send a disengagement notification to your client via a mechanism that provides a return receipt or other proof of delivery. Certified mail has historically been the preferred mechanism, but some parties (expecting news they don’t wish to accept) decline to sign an acknowledging receipt. If you opt to send the communique via email, and your client does not reply via email, follow up with a mechanism that provides proof of delivery.

Include your last date of service

Don’t be ambiguous. State the last date of service. Nine times out of 10 it is best to disengage and have no further client expectations. Ideally, you collect on the last item you agreed to deliver and promptly disengage. Often, you are peppered with requests, your client is slow to pay, and you must disen gage with work in process or on the horizon. So, state that the most recent deliverable was your last or the penultimate.

Work status/pending due dates

You will want to “exit stage left,” but will be dragged back in if you don’t take the time to state the status of services you were performing and detail the due dates of items on the horizon, regardless of whether you had formally been engaged to per form those services.

Why? Because if you don’t and your client or your successor makes a mistake, you may be blamed for their oversight. Smoothing the transition reduces the likelihood of ruffled feathers that might result in allegations that you were negli gent.

Account balance status

Outstanding invoices and work in progress are commonplace when accountants disengage. Collecting these fees may prove problematic, but detail amounts they owed you in your disen gagement letter, attach copies of the invoices, and state “your prompt payment will be appreciated” to significantly increase the likelihood you get paid. Pointing out the amounts owed also provides psychological leverage against clients’ unreason able demands and expectations.

Encourage retaining a new CPA ASAP

Be sure to encourage clients you terminate to secure the

services of another qualified professional. Doing so is great advice, an act of courtesy, and an excellent defensive measure. The sooner former clients establish a relationship with your successor, the greater the likelihood that clients’ ill will dissi pates, and their accounting and other professional needs are timely met.

Occasionally, CPAs are tempted to provide those terminated with someone to consider as their successor. Do not. Instead, when wishing to offer referrals, offer at least two names and encourage former clients to perform their own due diligence. Suggesting one and only one person exposes you to liability should the former client later allege your successor didn’t meet the standard of care.

Cooperation with successor

The sooner and smoother the transition to your successor, the better it is for you and your former client. As such, it’s typically best to make an offer in your disengagement letter to “cooperate as necessary” with your successor.

Your offer to cooperate doesn’t indicate you will bend over backwards or donate your time. Rather, your cooperation will be contingent on factors that need not (and should not) be specified in your disengagement letter.

If your transition assistance is sought, first obtain written authorization from your client to speak openly and share information with the specified professional(s). Second, secure the successor(s)’ signed agreement to the terms of your coop eration (the CAMICO Members-Only Site offers illustrative versions based upon the nature of the services provided), and lastly, consider leveraging your cooperation pending payment of your outstanding fees and possibly a retainer to cover the anticipated cost of your cooperation. However, keep in mind that the AICPA prohibits its members from withholding cli ent-provided records,1 and your state board of accountancy may prohibit withholding records, even though fees are owed for work you have performed.

Disposition of all client records

CPAs are often tempted to enclose client records in the same envelope they send their disengagement letter. Do not. Clients have been known to allege they did not receive the CPA’s disengagement letter. Problems compound if client records are lost.

Instead, ask the client when you converse (or in the disengage ment letter) how they wish for you to provide them with the records they desire. And just to be safe, retain copies for your records of any records returned.

Consider sending your letter to multiple parties

If concerned that certain owners or those charged with gov ernance will not hear of your disengagement or your reasons for disengaging, consider the “noisy disengagement” option. Noisy disengagement letters are identical to traditional dis engagement letters but are addressed to the parties you are concerned might not promptly learn of your disengagement or reasoning. Be cognizant of the AICPA’s Confidential

CAMICO encourages policyholders to craft their letters using one of the illustrative letters available on the Members-Only Site as a foundation and to share Microsoft Word versions of their hybrid letters with CAMICO. CAMICO Loss Prevention Specialists have helped draft tens of thousands of disengagement letters. Specialists provide policyholders feedback by using the software’s Track Changes feature. Policyholders should use their professional judgment, under

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Exploring Licensure & the CPA Exam

• October 24, 2022 – #C22008 / Webcast

Member Fee: Complimentary / Nonmember Fee: $20

Those looking to apply to take the Uniform CPA Exam and/ or apply for their CPA licensure in Oregon are encouraged to attend the dynamic presentation by the Oregon Board of Accountancy (BOA) and AICPA. BOA will provide an overview of the licensure application process in Oregon, while AICPA will provide an overview of the Uniform CPA Examination and best study practices to help you prepare for the exam.

Register: www.orcpa.org/event/C22008

Questions? Contact OSCPA at 503-641-7200 / 800-255-1470, ext. 4; membership@orcpa.org

InfoBites: Advanced Excel Tips

• October 19, 2022 – #W73068 / Webcast

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CPE: 1 / Level: 4 (Update)

An overview of a variety of Excel formulas and best practices applicable to daily tasks for auditors, tax accountants, and all other types of accountants.

Register: www.orcpa.org/cpe/W73068

InfoBites: Stress Management & Self Care [NT]

• November 15, 2022 – #W66293 / Webcast

Member Fee: Complimentary / Nonmember Fee: $20

CPE: 1 [NT] / Level: 4 (Update)

Learn why stress exists, how it exists and manifests in the body, and practical tools to combat stress in everyday life.

Register: www.orcpa.org/cpe/W66293

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Nationally, there is continuing pressure to deregulate professional licensing. The risk is that unlicensed individuals would be able to provide services traditionally performed by CPAs. If this issue comes to Oregon, our efforts will be critical.

• Protect the public. Disconnecting from the federal tax code would create undue complexity for the taxpaying public and reduce CPAs’ ability to serve clients.

• Build understanding between the CPA profession and state legislators. Your contributions provide opportunities to connect with legislators and explain the issues that matter to CPAs.

• Build on our history of success in the Oregon Legislature.

Each year, members review, provide input, and testify on bills impacting the profession, weighing-in on bills that could have serious repercussions for Oregon CPAs and taxpayers.

Yaeger CPA Review scholarship drawing

Need to take the exam? Let the OSCPA help.

Enter a drawing* for the chance to win a full, four-part digital bundle scholarship from Yaeger CPA Review! (a $1,399 value).

The drawing is open October 1 – November 20, 2022. Only OSCPA members are eligible. *Visit https://www.orcpa.org/ news-resources/3060/article for details.

OSCPA new member orientation videos

Welcome new members! As a way to get to know OSCPA and your member benefits, Membership & Communications have created a couple videos at https://www.orcpa.org/my-oscpa/ benefits. Prefer to connect over the phone or video chat?

Contact Membership & Communications at 503-641-7200 / 800-255-1470, ext. 4; membership@orcpa.org to set up a oneon-one walk-through of your OSCPA member benefits.

2023 scholarship application period opens November 2, 2022

The OSCPA Educational Foundation has two scholarship programs offering merit-based scholarships. Applications for 2023-24 open November 2, 2022; deadline is January 9, 2023. For more information, visit www.orcpa.org/ed-foundation/scholarships.

Holiday closures

OSCPA will be closed for the holidays on the following days:

• Thursday–Friday, November 24-25, 2022

• Friday, December 23, 2022

• Monday, December 26, 2022

• Friday, December 30, 2022

• Monday, January 2, 2023

• Monday, January 16, 2023

COMPETITIVE PLANS & RATES FOR 2023

Earn complimentary CPE with 2022-23 Not-for-Profit Knowledge Networks

The OSCPA Not-for-Profit Knowledge Network (KNET) is designed for OSCPA members working with and within the not-for-profit sector. The OSCPA Not-for-Profit Knowledge Networks offer a great opportunity to explore important non-profit topics in one-hour informal discussions with experts and peers – and to obtain valuable CPE. Developed by the OSCPA Not-for-Profit Strategic Committee

Bundle: 2022-23 Not-for-Profit Knowledge Network [5 hours] – Webcast

• November 2, 2022 – April 5, 2022 – Webcast – #W79534

CPE: 5 / Level: 4 (Update)

Bundle: 2022-23 Not-for-Profit Knowledge Network [5 hours] – In-person

• November 2, 2022 – April 5, 2022 – OSCPA Center, Beaverton – #11101

CPE: 5 / Level: 4 (Update)

Not-for-Profit Knowledge Network: State Oversight of Charities and Compliance Issues (1 hour –morning) – In-person & Webcast

• Wednesday, November 2, 2022 – Webcast – #W79519

• Wednesday, November 2, 2022 – In-person – OSCPA Center, Beaverton - #11096

CPE: 1 / Level: 4 (Update)

Not-for-Profit Knowledge Network: Prepare for ASC 842 Compliance – Lease Accounting Rules (1 hour –morning) – In-person & Webcast

• Wednesday, December 7, 2022 – Webcast – #W79520

• Wednesday, December 7, 2022 – In-person – OSCPA Center, Beaverton - #11097

CPE: 1 / Level: 4 (Update)

Not-for-Profit Knowledge Network: Nonprofit Risk Assessment (1 hour – morning) – In-person & Webcast

• Wednesday, February 1, 2023 – Webcast – #W79521

• Wednesday, February 1, 2023 – In-person – OSCPA Center, Beaverton - #11098

CPE: 1 / Level: 4 (Update)

Not-for-Profit Knowledge Network: Role of AI in the Future of Accounting (1 hour – morning) – In-person & Webcast

• Wednesday, March 1, 2023 – Webcast – #W79522

• Wednesday, March 1, 2023 – In-person – OSCPA Center, Beaverton - #11099

CPE: 1 / Level: 4 (Update)

Not-for-Profit Knowledge Network: Environmental, Social and Governance (ESG) (1 hour – morning) –In-person & Webcast

• Wednesday, April 5, 2023 – Webcast – #W79523

• Wednesday, April 5, 2023 – In-person – OSCPA Center, Beaverton - #11100

CPE: 1 / Level: 4 (Update)

OSCPA members can post questions and reply to posts in Bridge™ Open Forum. Your participation helps create an invaluable resource bank that is available online, 24/7.

Please be aware: Referrals and suggestions provided on BridgeTM are based on

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Endowments help secure the Foundation’s future, and they are a great option for those who wish to support the profession through planned giving.

Contributions can be directed to an established endowment fund at any time, or new endowment funds may be established (minimum $50,000).

Planned Giving is a Planned Future

Consider one or more of these options:

Funds

Funds

Fall & Winter Conferences

Business & Industry Conference

• October 18, 2022 – In-person – OSCPA Center, Beaverton – #11015

• October 18, 2022 – Webcast – #W66297

CPE: 8 / Level: 4 (Update) / Producer: OSCPA

Northwest Federal Tax Conference™ (2 days)

• October 24-25, 2022 – In-person – OSCPA Center, Beaverton – #11016

• October 24-25, 2022 – Webcast – #W66298

CPE: 16 / Level: 4 (Update) / Producer: OSCPA

IRS / Practitioners Forum

• October 28, 2022 – In-person – Embassy Suites by Hilton Portland Washington Square, Tigard – #11017

• October 28, 2022 – Webcast – #W66299

CPE: 8 / Level: 4 (Update) / Producer: IRS, OAIA, OATC, ORSEA, OSB-TS, OSCPA, OSTC

Financial & Retirement Planning Conference

• November 11, 2022 – In-person – OSCPA Center, Beaverton – #11018

• November 11, 2022 – Webcast – #W66300

CPE: 8 / Level: 4 (Update) / Producer: OSCPA

2022 OSCPA Professional Issues Update

(4 hours - morning) – 3 Tech & 1 [NT]

• December 2, 2022 – In-person – OSCPA Center, Beaverton – #11019

• December 2, 2021 – Webcast – #W66301

CPE: 4 – 3 Tech & 1 [NT] / Level: 4 (Update) / Producer: OSCPA

State & Local Tax Conference

• January 6, 2023 – In-person – Oregon Convention Center, Portland – #11020

• January 6, 2023 – Webcast – #W66302

CPE: 8 / Level: 4 (Update) / Producer: OSCPA

Tax Advisors Update featuring John Werlhof & Michael Smith

• January 17, 2023 – In-person – Oregon Convention Center, Portland – #11084 & Webcast – #W66427

• January 18, 2023 – In-person – Graduate Eugene, Eugene –#11085 & Webcast – #W66428

CPE: 8 / Level: 4 (Update) / Producer: CliftonLarsonAllen LLP

Winter Governmental Auditing & Accounting Conference

• January 23, 2023 – In-person – OSCPA Center, Beaverton – #11021

• January 23, 2023 – Webcast – #W66303

CPE: 8 / Level: 4 (Update) / Producer: OSCPA

OSCPA continues to monitor local, state, and federal guidelines to responsibly and thoughtfully implement safety protocols to provide everyone with a safe, enjoyable on-site experience for our in-person events, which we are excited to be offering again in 2022-23.

Register: www.orcpa.org/online-catalog and enter the event number.

Group & Volume Discount Webcast Viewing Options: Forms are available for both viewing options at www.orcpa.org/cpe-oscpa-events/conferences.

Questions? Contact Professional Development at 503-641-7200 / 800-255-1470, ext. 3; profdev@orcpa.org.

Fall / Winter 2022-23 OSCPA-Select™ Calendar

Upcoming in-person and livestream webcast courses

OSCPA continues to monitor local, state, and federal guidelines to responsibly and thoughtfully implement safety protocols to provide everyone with a safe, enjoyable onsite experience for our in-person events, which we are excited to be offering again in 2022-23.

Register early to secure your seat at in-person events. Can’t attend in-person? Experience OSCPA livestream events from the comfort of your home or office.

Date Course Title

October 2022

Oct 17 Working Paper Documentation (2 hours - late morning) – NEW! – Webcast – #W73073

Oct 18 Business & Industry Conference – #11015

Oct 18 Business & Industry Conference – Webcast – #W66297

Oct 19 Estate Planning for 2022 & Beyond: Oregon & Washington Issues – #11052

Oct 19 Estate Planning for 2022 & Beyond: Oregon & Washington Issues – Webcast – #W66397

Oct 20 The Complete Guide to Oregon Death Taxation – #11053

Oct 20 The Complete Guide to Oregon Death Taxation – Webcast – #W66398

Oct 21 Form 990: Best Practices for Accurate Preparation – Webcast – #W73074 *(AICPA members: take a $30 discount)

Location Member Fee Nonmember Fee

Online $79 $94

Beaverton $299 $374

Online $299 $374

Beaverton $299 $374

Online $299 $374

Beaverton $299 $374

Online $299 $374

Online $259* $309*

Oct 21 Bottles, Brews & Buds 2022 Virtual Conference (4 hours - afternoon) – #W79528 Online $199 $199

Oct 24 K2’s Small Business Accounting Shootout (4 hours - late morning) – Webcast – #W79505

Oct 24 - 25 Northwest Federal Tax Conference™ (2 days) – #11016

Online $189 $239

Beaverton $529 $629

Oct 24 - 25 Northwest Federal Tax Conference™ (2 days) – Webcast – #W66298 Online $529 $629

Oct 24 - 27 AHI Basic Staff Training – Level I (4 days) – Webcast – #W79526

Online $699 $849

Oct 25 K2's Testing and Auditing Excel Workbooks (4 hours - late morning) – Webcast – #W79506 Online $189 $239

Oct 26 K2's Working Remotely – The New Normal (4 hours - late morning) – Webcast – #W79507 Online $189 $239

Oct 26 Basis, At-Risk, Passive Activity Loss, §163(j), Excess Losses (§461(I)) and NOLs – Webcast –#W66399

Oct 27 Oregon Ethics and New Developments (4 hours - morning) – Webcast Replay – #W66400

Online $299 $374

Online $179 $229

Oct 27 International Taxation – Webcast – #W73075 *(AICPA members: take a $30 discount) Online $259* $309*

Oct 28 IRS/Practitioners Forum – #11017 *Early Registration Fee (Register by 10/10/22 = $135) Tigard $150* $150*

Oct 28 IRS/Practitioners Forum – Webcast – #W66299 *Early Registration Fee (Register by 10/10/22 = $110)

Oct 31 - Nov 03 AHI Beginning In-charge Staff Training – Level III (4 days) – Webcast – #W79527

November

Nov

Nov

Nov

Nov

Cutting Edge Tax

Cutting Edge

#11054

Online $125* $125*

Online $699 $849

Beaverton $299 $374

Online $299 $374

The Most Critical

in Not-for-Profit

hours - morning)

Webcast – #W79493

The Most Critical Challenges in Governmental Accounting Today (4 hours - afternoon) –Webcast – #W79492

Online $164 $189

Online $164 $189

Date Course Title

November 2022

Nov 07 - 08 2022 Federal Tax Update (2 Days) – NEW! – #11055

Nov 07 - 08 2022 Federal Tax Update (2 Days) – NEW! – Webcast – #W66402

Nov 09 Annual Update for Accountants and Auditors – Webcast – #11056 *(AICPA members: take a $30 discount)

Nov 09 Annual Update for Accountants and Auditors – Webcast – #W66403 *(AICPA members: take a $30 discount)

Nov 10 Oregon Ethics and New Developments (4 hours - morning) – #11057

Nov 10 Oregon Ethics and New Developments (4 hours - morning) – Webcast – #W66404

Nov 11 Financial & Retirement Planning Conference – #11018

Nov 11 Financial & Retirement Planning Conference – Webcast – #W66300

Nov 14 Breaking Down the New Auditors' Reporting Suite of Standards for Non-ERISA Plan Private Entities – NEW! – Webcast – #W66405 *(AICPA members: take a $30 discount)

Nov 18 Oregon Ethics for CPAs (4 hours – morning) – Webcast – #W66406

Nov 21 Year-End Tax Planning: Thinking Outside the Box – #11059

Nov 21 Year-End Tax Planning: Thinking Outside the Box – Webcast – #W66407

Nov 22 Key Tax Issues for Business and Industry – #11060

Nov 22 Key Tax Issues for Business and Industry – Webcast – #W66408

Beaverton $459 $559

Online $459 $559

Beaverton $299* $374*

Online $299* $374*

Beaverton $179 $229

Online $179 $229

Beaverton $299 $374

Online $299 $374

Online $299* $374*

Online $179 $229

Beaverton $299 $374

Online $299 $374

Beaverton $299 $374

Online $299 $374

Nov 28 K2's Advanced Excel – Webcast – #W79508 Online $299 $374

Nov 29 K2’s Excel Best Practices – Webcast – #W79509

Nov 29 The Best Federal Tax Update Course by Surgent – Eugene – #11061

Nov 29 Walter Haig's Prep, Comp & Review Standards Update – #11062

Nov 29 Walter Haig's Prep, Comp & Review Standards Update – Webcast – #W66409

Nov 30 K2’s Excel PivotTables for Accountants – Webcast – #W79510

Nov 30 Oregon Ethics and New Developments (4 hours - morning) – Webcast Replay – #W66411

Nov 30 The Best Federal Tax Update Course by Surgent – Bend – #11063

Nov 30 The Best Individual Income Tax Update Course by Surgent – Medford – #11064

Nov 30 Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update – #11065

Nov 30 Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update – Webcast – #W66410

December 2022

Dec 01

Dec 01

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent –Medford – #11066

The Best Individual Income Tax Update Course by Surgent – Pendleton – #11067

Dec 01 Walter Haig's Personal Financial Health Checkup … a Life Changer! – #11068

Dec 01 Walter Haig's Personal Financial Health Checkup … a Life Changer! – Webcast – #W66412

Dec 02 2022 OSCPA Professional Issues Update (4 hours - morning) – 3 Tech & 1 [NT] – #11019

Dec 02 2022 OSCPA Professional Issues Update (4 hours - morning) – 3 Tech & 1 [NT] – Webcast –#W66301

Dec 02 IRS Disputes (4 hours - morning) – Webcast – #W79895

Dec 02

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent –Pendleton – #11069

Dec 06 Choice and Formation of Entity (4 hours - morning) – Webcast – #W79896

Online $299 $374

Eugene $309 $384

Beaverton $315 $390

Online $315 $390

Online $299 $374

Online $179 $229

Bend $309 $384

Medford $309 $384

Beaverton $315 $390

Online $315 $390

Medford $309 $384

Pendleton $309 $384

Beaverton $315 $390

Online $315 $390

Beaverton $59 $109

Online $59 $109

Online $158 $183

Pendleton $309 $384

Online $158 $183

December 2022

Dec 07

Course Title

Estate Tax and Related Estate Planning Issues in Oregon (4 hours - morning) – #11074

Dec 07 Estate Tax and Related Estate Planning Issues in Oregon (4 hours - morning) – Webcast –#W66416

Dec 07 K2’s Excel Tips, Tricks, and Techniques for Accountants – Webcast – #W79511

Dec 08 K2’s Emerging Technologies, Including Blockchain & Cryptocurrencies (4 hours - late morning) – #W79512

Dec 09 K2’s Introduction to Excel Macros (4 hours - late morning) – #W79515

Dec 13 Professional Conduct & Ethics – AICPA and Oregon Board CPA Regulatory Update by Jim Rigos (4 hours - morning) – #11072

Dec 13 Professional Conduct & Ethics – AICPA and Oregon Board CPA Regulatory Update by Jim Rigos (4 hours - morning) – Webcast – #W66414

Dec 14 Hot IRS Tax Examination Issues for Individuals and Businesses – #11073

Dec 14 Hot IRS Tax Examination Issues for Individuals and Businesses – Webcast – #W66415

Dec 15 Estate and Life Planning Issues for the Middle-Income Client – #11071

Dec 15 Estate and Life Planning Issues for the Middle-Income Client – Webcast – #W66413

Dec 15 Pat Garverick's Federal Tax Update: Individuals (Form 1040) – #11075

Dec 15 Pat Garverick's Federal Tax Update: Individuals (Form 1040) – Webcast – #W66417

Dec 15 Revenue Recognition: Mastering the New FASB Requirements – Webcast – #W79897

Dec 16 Leases: Mastering the New FASB Requirements – Webcast – #W79898

Dec 16 Pat Garverick's Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065) – #11076

Dec 16 Pat Garverick's Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065) – Webcast – #W66418

Dec 19 Getting Ready for Busy Season: Key Changes Every Tax Practitioner Should Know (4 hoursmorning) – Webcast – #W66419

Dec 19 K2's An Accountant's Guide to Blockchain and Cryptocurrency (4 hours - late morning) –#W79514

Dec 20 K2’s Data Analytics for Accountants and Auditors (4 hours - early morning) – NEW! – Webcast – #W79515

Beaverton $159 $209

Online $159 $209

Online $299 $374

Online $189 $239

Online $189 $239

Beaverton $179 $229

Online $179 $229

Beaverton $309 $384

Online $309 $384

Beaverton $309 $384

Online $309 $384

Beaverton $309 $384

Online $309 $384

Online $259 $309

Online $259 $309

Beaverton $309 $384

Online $309 $384

Online $189 $239

Online $189 $239

Online $189 $239

Dec 28 Oregon Ethics and New Developments (4 hours - morning) – Webcast Replay – #W66420 Online $179 $229

January 2023

Jan 04 Preparing Individual Tax Returns for New Staff and Paraprofessionals – #11078

Beaverton $309 $384

Jan 04 Preparing Individual Tax Returns for New Staff and Paraprofessionals – Webcast – #W66422 Online $309 $384

Jan 04 Taxation of Real Estate Partnerships – #11077

Jan 04 Taxation of Real Estate Partnerships – Webcast – #W66421

Jan 05 Forms 1120S and 1065 Return Review Boot Camp for New and Experienced Reviewers –#11079

Jan 05 Forms 1120S and 1065 Return Review Boot Camp for New and Experienced Reviewers –Webcast – #W66423

Jan 06 State & Local Tax Conference – #11020

Jan 06 State & Local Tax Conference – Webcast – #W66302

Jan 10 - 11 Hands-On Tax Return Workshop: Individuals (Form 1040) (2 days) – #11081

Beaverton $309 $384

Online $309 $384

Beaverton $309 $384

Online $309 $384

Portland $299 $374

Online $299 $374

Beaverton $530 $630

January 2023

Jan 10 - 11 Hands-On Tax Return Workshop: Individuals (Form 1040) (2 days) – Webcast – #W66424

Jan 12 Hands-On Tax Return Workshop: S Corporations (Form 1120S) – #11082

Online $530 $630

Beaverton $309 $384

Jan 12 Hands-On Tax Return Workshop: S Corporations (Form 1120S) – Webcast – #W66425 Online $309 $384

Jan 13 Hands-On Tax Return Workshop: Partnership & LLCs (Form 1065) – #11083

Jan 13 Hands-On Tax Return Workshop: Partnership & LLCs (Form 1065) – Webcast – #W66426

Beaverton $309 $384

Online $309 $384

Jan 17 Tax Advisors Update featuring John Werlhof & Michael Smith – Portland – #11084 Portland $315 $390

Jan 17 Tax Advisors Update featuring John Werlhof & Michael Smith – Webcast – #W66427 Online $315 $390

Jan 18 Tax Advisors Update featuring John Werlhof & Michael Smith – Eugene – #11085 Eugene $315 $390

Jan 18 Tax Advisors Update featuring John Werlhof & Michael Smith – Webcast – #W66428

Jan 20 Minimum Standards for Audits of Oregon Municipal Corporations / Oregon Local Budget Law – #11086

Jan 20 Minimum Standards for Audits of Oregon Municipal Corporations / Oregon Local Budget Law –Webcast – #W66429

Jan 20 Oregon Ethics and New Developments (4 hours - morning) – Webcast Replay – #W66430

Jan 23 Winter Governmental Auditing & Accounting Conference – #11021

Jan 23 Winter Governmental Auditing & Accounting Conference – Webcast – #W66303

Jan 24

The Best Individual Income Tax Update Course by Surgent – Portland – #11087

Jan 24 The Best Individual Income Tax Update Course by Surgent – Webcast – #W66431

Jan 24 Walter Haig's Personal Financial Health Checkup … a Life Changer! – Webcast – #W66432

Jan 25 The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent –Portland – #11088

Jan 25 The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent –Webcast – #W66433

Jan 25 Walter Haig's Prep, Comp & Review Standards Update – Webcast – #W66434

Jan 26 Multnomah County / City of Portland Taxation Update (2 hours - morning) – Webcast –#W66435

Jan 26 Walter Haig's GAAP for SMEs, Tax & Cash Frameworks Update – Webcast – #W66436

Jan 27 Oregon Department of Revenue Update (2 hours - afternoon) – #11089

Jan 27 Oregon Department of Revenue Update (2 hours - afternoon) – Webcast – #W66437

Jan 27 Walter Haig's AICPA Auditing Standards Update – Webcast – #W66438

Jan 30 2022 Federal Tax Update – NEW! – Webcast – #W66439

Online $315 $390

Beaverton $299 $374

Online $299 $374

Online $179 $229

Beaverton $299 $374

Online $299 $374

Beaverton $309 $384

Online $309 $384

Online $315 $390

Beaverton $309 $384

Online $309 $384

Online $315 $390

Online $49 $69

Online $315 $390

Corvallis $59 $79

Online $59 $79

Online $315 $390

Online $299 $374

PURCHASE/SALE/MERGER

CONSIDERING THE SALE OR PURCHASE OF A PRIVATE PRACTICE? As the preeminent provider of business bro kerage and consulting services in the Northwest, we work exclusively with owners of professional practices in the legal, healthcare, financial services and tech industries. Need to prepare your practice for sale? Looking for a business valuation? Ready to sell your practice for top dollar? Let our team guide you through this life chang ing transition. Call us at 253.509.9224 or visit our website to learn more about our services and top-notch team waiting to help

LUCRATIVE SOUTH PUGET SOUND TAX AND ACCOUNTING FIRM (WA 1204) – For nearly 40 years, this Washington CPA firm has offered a wide range of services to both business and indi vidual clients. The Practice has a diverse, loyal, and growing client base of ~2,200 active clients. The Practice is full-service and excels at tax prepara tion and planning, business advice and consulting, providing bookkeeping, accounting, and finan cial statements, as well as business valuation and personal financial planning. In 2021, the Practice accomplished a 24.1% YoY growth with gross revenues of $3,565,322. Additionally, the Practice has sixteen (16) staff, including the Owners who are willing to continue employment and/or provide transition assistance, if desired. To learn more, call 253.509.9224 or send an email to info@privateprac ticetransitions.com.

HIGHLY RATED METHOW VALLE (WA 1205) –

Over the past 39+ years, this Washington tax and accounting firm has offered tax and bookkeeping services to both business and individual clients in Winthrop and surrounding areas. As of June 2022, the Practice has approximately ~662 active clients and has seen great client retention as is evidenced by the increase in client counts year-over-year. The Practice’s service by revenue breakdown is 72% Tax Preparation & Consulting, and 28% Bookkeeping. In 2021, the Practice brought in $597,220 in gross receipts which was a 12.6% YoY increase! Including the Owner, the Practice has seven (7) loyal staff members. To take advantage of this business oppor tunity, call 253.509.9224 or email info@privateprac ticetransitions.com.

CPA TURNKEY OPPORTUNITY IN OREGON-IDAHO

TREASURE VALLEY (1136) – Private Practice

Transitions is assisting in the sale of a long-estab lished, highly profitable CPA Firm located in the Western Treasure Valley of Oregon and Idaho. The firm’s two largest revenue streams are from Income Tax Preparation (48%) and Bookkeeping/ Payroll (32%). The rest is made up of Management Advisory, Reviews, and Compilations. The Practice has shown increasing revenues year-over-year even during the COVID-19 pandemic. With average gross revenues (2019-2021) of ~$515,000 and ~430 active clients, the firm is poised to have another successful year. The practice operates from a ~2,999 sq. ft. office building which could be part of the pack age deal. There are currently four staff including the owner who is willing to provide transition assistance for up to a year to help ensure the new owner’s success. With an established clientele, seasoned staff, and well-regarded reputation, this firm is a turnkey opportunity for the right buyer. For more information, call 253.509.9224 or email HYPERLINK “mailto:info@privatepracticetransi tions.com” info@privatepracticetransitions.com, with “1136 CPA Turnkey Opportunity in OregonIdaho Treasure Valley” in the subject line.

PROFITABLE SOUTH KING COUNTY TAX AND ACCOUNTING PRACTICE (WA 1180) – Established in 1985, this south King County tax and accounting firm has become well-known for its integrity, ser vice, and reputation for going above and beyond for each client. The Practice’s service by revenue breakdown is 59% Tax, 24% Controller Services, 13% Bookkeeping, 2% Financial, and 2% Other. As of November 2021, the Practice has approximately ~413 active clients comprised of ~80% individu als and ~20% businesses. Over the past three (3) years, the Practice has averaged gross revenue of approximately $437,591 (2019-2021). The Practice is stable, profitable, and poised for growth under new ownership. To take the next step towards this exciting business opportunity, call 253.509.9224 or, email info@privatepracticetransitions.com.

OR AND WA CPA FIRMS FOR SALE! – Portland, CPA Gross $880k, Asking $895k Vancouver, WA CPA Gross $500k, Asking $595k Snohomish County, WA CPA Gross $140k, Asking $140k

With over 17 years of experience, Accounting Biz Brokers specializes in the sale of accounting firms and tax practices. Selling your accounting firm is complex. Let us make it simple.

PO

4555

Beaverton, OR 97076-4555

2022 Tax Advisors Update featuring John Werlhof & Michael Smith

Tax Advisors Update — Portland & Webcast

• January 17, 2023 - In-person - Oregon Convention Center, Portland - #11084

• January 17, 2023 - Webcast - #W66427

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

John Werlhof

CPA-CA

CliftonLarsonAllen

Michael Smith EA CliftonLarsonAllen

Producer: CliftonLarsonAllen LLP

Tax Advisors Update — Eugene & Webcast

• January 18, 2023 - In-person - Graduate Eugene, Eugene - #11085

• January 18, 2023 - Webcast - #W66428

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

Producer: CliftonLarsonAllen LLP

Whether you are a tax professional in public practice or industry, you need to be aware of new federal tax legislation, IRS guid ance, and recent court decisions. CliftonLarsonAllen LLP has developed a strategy-packed, eight-hour tax seminar, created by practitioners for practitioners.

Topics will include:

• The latest information on the Inflation Reduction Act and other late-breaking federal tax legislation

• Dissect the final small business taxpayer regulations

• Analyze evolving pass-through entity tax regimes

• Understand the tax consequences from cryptocurrency transactions

• Opportunities to implement defensive strategies against IRS positions

• Real-world planning tips and illustrations from a practitioner viewpoint

You will learn to apply strategies in reaction to newly issued regulatory guidance, identify key tax developments from the past year, and recognize new tax planning opportunities for individuals and businesses arising from recent tax legislation.

Register: www.orcpa.org/online-catalog and enter the event number.

Group & Volume Discount Webcast Viewing Options: Forms are available for both viewing options at www.orcpa.org/cpe-oscpa-events/conferences.

Questions? Contact Professional Development at 503-641-7200 / 800-255-1470, ext. 3; profdev@orcpa.org