Accounting Connect - Winter 2023

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Accounting Connect WINTER 2023

CONTENTS

FEATURES

DEPARTMENTS

Publisher Oregon Society of CPAs

Mailing address 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

Dangers and pitfalls: Claim Chronicles 12 OSCPA’s loss prevention partner

CAMICO presents cases from real files illustrating some of the dangers and pitfalls in the accounting profession.

Stress management and self-care 15

Stress is inevitable and even helpful. However, problems come when it bleeds into other parts of life. Get tips on how to manage from Hillsboro’s Kara Kazemba, LCSW.

Document preservation and destruction 18

Two Portland lawyers explain how a good document retention policy can save you from fines, legal exposure, and a lot of heartburn.

COLUMNS

Chair’s Message 4

OSCPA Chair Geoff Dougall shares a memory and a lesson about the healthy practice of personal and professional pruning.

Member News 5

What have your fellow members been up to? Read about their accomplishments. Plus meet this year’s LEAP™ graduates.

OSCPA News 21

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

Professional Development 26 OSCPA-Select™ CPE is curated just for you and your professional journey.

Upcoming conferences 27 OSCPA conferences are designed for OSCPA members, by OSCPA members. Who knows better what you need than local colleagues?

Classified Ads 29

ADVERTISERS:

Accounting Practice Sales 31

CPACharge 2

Private Practice Transitions 17

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 / 10206 SW Laurel St. / Beaverton, OR 97005-3209

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

Copyright© OSCPA 2023

Magazine design by Joleen Funk joleen.funk@gmail.com

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

Printed by Lithtex Printing Solutions, Hillsboro, Oregon

When I was a teenager, we had a couple of large, gangly rhododendrons in our front yard. They flowered each year and were fine to look at, but they just didn’t look as good as they could have (at least to my budding landscaper eyes). Late autumn one year my brother and I decided these bushes needed improvement. We got a couple of pruning shears from the garage and got busy cutting back the longest branches and doing our best to shape these bushes. In the end, the pile of cut branches was nearly as large as the remaining bushes neither of us was entirely sure how they would look the next spring, but it felt good to clean them up. While my brother and I were proud of our work, our mom and dad were mortified. For the next few months of dormancy, we lived with the uncertainty of how our handiwork would turn out and the frequent complaints of parents about their “prized’ bushes. I can proudly say the following spring these bushes looked fantastic. They bloomed profusely and provided absolutely vibrant color spots — and we even got a begrudging thanks from our parents. That was probably the highlight of my landscaping career, but it did teach me a good lesson about the healthy practice of pruning. As plants grow,

What should you stop doing?

Contact Geoff Dougall at ChairGeoff@orcpa.org

stalks or branches grow at different rates creating unsightly shapes. Additionally, the plant’s energy gets used growing woody branches. A good pruning forces the plants’ energy into production of blooms — creating flowers and fruit rather than growth in the subsequent season.

As I’m writing this and reflecting on the close of another year, I’m thinking about how we might each consider ways to do some pruning on a personal and business level. Is our personal life shaped intentionally, allowing us to bloom, or is too much energy spent on the “woody” aspects of life leaving us with very little “fruit” or “flowers”? When is the last time we allowed ourselves to hit a period of dormancy, even if just for a few days or weeks, to provide a period of revitalization and healthy growth?

Have we allowed our businesses or firms to grow into gangly, unsightly trees? Are there clients or parts of the business that just don’t fit anymore? Are we healthy businesses with the desired output or more like an uncared-for bush that looks “fine” but isn’t living up to its potential? The past few years have certainly provided challenges — consider these to be our metaphorical droughts, freezes, floods, and a windstorm or two thrown in for good measure. We can choose to simply hang on or we can intentionally make decisions and actively shape our future. Whether it is regulatory or technical changes, inflation, supply chain constraints, staffing challenges, or changing business conditions, today’s challenges provide opportunities for tomorrow. How are we shaping ourselves and our businesses to meet these demands? Are we cutting back on less productive pursuits to create a better outcome?

Are we allowing ourselves a moment to personally pull back to have more impactful interactions and meaningful relationships?

As we head into a new year, I encourage you to take the time to do some personal and business pruning. What are the things to stop doing now, in order to create time for things we want to keep or start doing? I have tended to view resolutions as something additional to work on, something new to accomplish, another prize to put on the shelf. Lately, I have tried to think a bit more about the things I may be doing that have simply become part of a routine. Several years ago, I was on a trip with friends in a remote part of Texas. We were headed to a campsite and traveling in an area none of us was familiar with. Despite having a good map and knowing where we were going, we somehow missed a turn and wound up on a road that slowly got worse and worse, ultimately becoming a gravel road with many deep potholes. Rather than stopping and assessing where we were at, we chose to keep at it, going more and more slowly with each passing mile. We weren’t “lost”, and we ultimately made it to the campsite, but had we stopped, we likely would have realized there was a better and much more enjoyable route. Are we involved with an activity that no longer has a meaningful impact on our lives? Are we spending time with people out of habit rather than for the genuine enjoyment of it? Are we continuing to work on pursuits that are like that pothole-filled road? Let’s allow ourselves the time to make 2023 the year that we consciously stop, start, and keep doing those things that make us personally healthier, our businesses stronger, and our relationships more meaningful.

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

Congratulations, 2022 OSCPA Leadership Academy (LEAP™) graduates

The OSCPA Leadership Academy – Leadership Excellence Advancing Professionals (LEAP™) prepares the next generation of CPAs with the leadership skills needed for professional success. Congratulations to the 12 professionals who attended LEAP™ on November 2-3, 2022.

Shava R. Cramer, Talbot Korvola & Warwick LLP, Portland

Justin T. Galati, Perkins & Co, Portland

Jessica C. Gerlach, Perkins & Co, Portland

Jacob C. Johnson, Perkins & Co, Portland

Tyler Jones, SingerLewak LLP, Albany

Raelyn Lambert, Alliance Professionals LLP, Redmond

Chelsea A. McElroy, Aldrich CPAs + Advisors LLP, Lake Oswego

Xaviera M. Murdock, Aldrich CPAs + Advisors LLP, Lake Oswego

Chad Roberts, Aldrich CPAs + Advisors LLP, Lake Oswego

Jason L. Russell, Jack W Olds & Company LLP, Portland

Elizabeth S. Thiesen, Talbot Korvola & Warwick LLP, Portland

Zachary Wilson, SingerLewak LLP, Albany

Shava Cramer Justin Galati Jessica Gerlach Jake Johnson Tyler Jones Raelyn Lambert

Chelsea McElroy Xaviera Murdock

Chad Roberts

Jason Russell Betsey Thiesen Zachery Wilson

Kudos & accomplishments

Send your news and announcements to communications@orcpa.org.

Promotions

Megan Countryman, Alicia Tang, and Candra Wilmes were promoted to tax senior, and Sean Wright was promoted to assurance senior at Delap LLP, Lake Oswego.

William B. Dixon was promoted to tax senior manager at Delap LLP, Lake Oswego.

Delap LLP also promoted Joshua J. Caddel and Rachel L. Shaich to tax manager; and Jeffrey R. Schmitt to assurance manager.

Isaac B. Jones and Megan Whalen, Perkins & Co., Portland, were promoted to shareholder.

Recognition

Jackson Bevens, Isler Northwest LLC, Portland, and Geoffrey T. Dougall, Dougall Conradie LLC, Portland, spoke at the OSCPA Leadership Academy.

Christopher Dahlvig, Linfield University, McMinnville, spoke at OSCPA’s Not-for-Profit Knowledge Network: The Battle for Talent.

Vanessa DeHaan, Vista Capital Partners, Portland, spoke at OSCPA’s Financial & Retirement Planning Conference.

Jonathan G. Howell, Howell Straczek LLC, Lake Oswego, spoke at OSCPA’s Annual Update for Accountants and Auditors webcast.

Jacob C. Johnson, Perkins & Co., Portland, spoke at OSCPA’s InfoBites: Advanced Excel Tips webcast.

James J. Mullaney Jr., Gustafson & Company LLC, Portland, and Penny M. Sweeting, Geffen Mesher & Company PC, Portland, spoke at OSCPA’s Business & Industry Conference.

Kathleen L. Sohl, Kay Sohl Consulting, Portland, spoke at OSCPA’s Not-for-Profit Knowledge Network: Powering Up Nonprofit Board Training.

Diana B. Strassmaier, Aldrich CPAs + Advisors LLP, Lake Oswego, spoke at OSCPA’s Paid Leave Oregon Update webcast.

David P. Wendroff and his wife Wendy were honored by business fraternity Alpha Kappa Psi in the naming of their new headquarters as the Howell + Wendroff Professional Center. Dave and Wendy have served Alpha Kappa Psi for several decades and in various leadership roles in the fraternity. Dave is currently on the Fraternity Board of Directors and a past chair of both the Fraternity and Foundation Boards. Dave has been an OSCPA member for 40 years.

Brady Dixon Vanessa DeHann Geoff Dougall Johnathan Howell

Candra Wilmes Megan Whalen Sean Wright Alicia Tang

Kay Sohl Diana Strassmaier Penny Sweeting Rachel Shaich

Jackson Bevens Christopher Dahvig Josh Caddel Megan Countryman

Jake Johnson

Jim Mullaney Jr. Jeff Schmitt Isaac Jones

Academic News

OSCPA Southern Oregon Chapter hosted a student night with local CPAs and accounting students on November 16 at Southern Oregon University.

Christina L. Newland, Kernutt Stokes LLP, Eugene, spoke with students about being a CPA and the accounting profession at Pleasant Hill High School’s career fair on November 22.

Firm & business news

Delap, Lake Oswego, was named a 2022 Healthiest Employer in Oregon by the Portland Business Journal. Delap was also recognized as a Top Workplace by The Oregonian.

McDonald Jacobs PC, Portland, volunteered with DoveLewis at their annual Dogtoberfest on October 1st, sorted and bundled bedding sets for Community Warehouse back in September, and created care kits for Blanchet House.

Amanda Lilley, Rosenberg Associates, Grand Rapids, MI, gave a presentation on the accounting profession and being a CPA at Oregon City High School on December 7.

Congratulations, KPMG, 2022 basketball league winners!

KPMG Portland won the 2022 OSCPA Fall Basketball League championship game and took home the trophy on October 18, 2022.

Thanks to everyone who participated, with players from Aldrich CPAs + Advisors, Deloitte LLP, Geffen Mesher & Company PC, Hainley Lavey & Brown PC, KPMG LLP, Merina + Co, Moss Adams LLP, OSCPA, Perkins & Co. and The ASP Team. Enjoy the off-season and see you next fall!

Congratulations new CPAs

These members became certified in September, October, and November 2022

Rebecca Anderson, Tulsa, OK

Ethan J. Boughal, Hoffman Stewart & Schmidt PC, Lake Oswego

Katharine G. Cowgill, Perkins & Co., Portland

Karissa M. Donaldson, HMW CPAs & Associates LLC, North Bend

Jolynn S. Hayden, Raimondo Pettit Group, Torrance, CA

Kaitlyn N. Hofmann, Kuenzi & Company LLC, Salem

Melissa A. Irvine, Callan Accounting CPAs & Advisors LLC, Bend

Emma-Anne Lonsford, Aldrich CPAs + Advisors LLP, Salem

Jenifer Rabourn, Aldrich CPAs + Advisors LLP, Salem

Xilin Song, Gary McGee & Co. LLP, Portland

Shayne G. Wagner, The RBH Group LLC, Pendleton

Member Spotlights

Cassandra Weatherwax, Delap LLP, Lake Oswego

Case V. Wiseman, KDP Certified Public Accountants LLP, Medford

In memory

The OSCPA regrets the loss of the following members:

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

Ryan McClung, Crossroads Advisory LLC, Lake Oswego

Ryan McClung had several mentors that inspired him to become a CPA. Now he applies the various skills and technical expertise in his everyday practice to assist his clients.

Share your news

Ruth Okenye, Evergreen Family Medicine, Roseburg

Learn how Ruth Okenye’s brother affected her career and why she had no question about the path she’s taken.

Allegra Jasper, McKenzie River Trust, Eugene

At McKenzie River Trust, Alegra Jasper puts her accounting skills to good use helping protect her first love: rivers.

Been published? Interviewed? Is your firm or business helping out in your community?

To share your professional news with your peers, contact communications@orcpa.org

Katherine Cowgill

Rebecca Anderson Karissa Donaldson Jolynn Hayden Kaitlyn Hofmann Emma-Anne Lonsford Cassandra Weatherwax Case Wiseman

Welcome members

The following individuals became members in September, October, and November 2022.

Benton-Linn

Philip Walter, Stover Neyhart Yee & Co., Corvallis

Central Oregon

Marilyn A. Frantz, Prineville

Timothy B. Keenan, Sensiba San Filippo LLP, Bend

Mark Ramina, Modern Assurance LLC, Bend

Eastern Oregon

Mary J. Evers, Evers Accounting, Ontario

Shayne G. Wagner, The RBH Group LLC, Pendleton

Emerald Empire

David A. Brody, Moss Adams LLP, Eugene

Stephanie C. Lansdon, Eugene

Metro Portland

Mariah Barajas-Bruce, Delap LLP, Lake Oswego

Katharine G. Cowgill, Perkins & Co., Portland

Shava Cramer, Talbot Korvola & Warwick LLP, Portland

Ankita Damani, Jack W Olds & Company LLP, Beaverton

Austin E. Gladson, Grove Mueller & Swank PC, Salem

Michaele Gobel, Equilibrium Capital Group LLC, Portland

Elizabeth B. Grubb, Perkins & Co., Portland

Lindsay Hallberg, Northwest Housing Alternatives, Milwaukie

Wayne J. Hamblin, Wilcox Arredondo & Co., Canby

Ryan Hampton, Isler Northwest LLC, Portland

William J. Handy, Talbot Korvola & Warwick LLP, Portland

Kaitlyn N. Hofmann, Kuenzi & Company LLC, Salem

Jacqueline A. Hutflus, Perkins & Co., Portland

Lindsay L. Jensen, Byzick & Company Hillsboro LLC, Hillsboro

Brett A. Lubay, Reitmeier, Tualatin

Luke Marks, Perkins & Co., Portland

Chelsea A. McElroy, Aldrich CPAs + Advisors LLP, Lake Oswego

Cheryl Miyashiro, Geffen Mesher & Company PC, Portland

Shy S. Montoya, Ford Black & Co. PC, Tigard

Xaviera M. Murdock, Aldrich CPAs + Advisors LLP, Lake Oswego

Cam Nguyen, Hansen Hunter & Company PC, Portland

Carrie A. Novak, Kern & Thompson LLC, Portland

Helen J. Remke, Wilcox Arredondo & Co., Canby

Chad Roberts, Aldrich CPAs + Advisors LLP, Lake Oswego

Luke Scott, Delap LLP, Lake Oswego

Thomas C. Shauklas, Oak Brook Financial Corp., Milwaukie

Robert C. Shiveley, Ford Black & Co. PC, Tigard

Stephanie Sweeney, Portland

Xinmiao Wang, Foster Snyder & Muzaffarr CPAs LLC, Beaverton

Erik J. Weaver, Digital Trends, Portland

Haoming Yu, SingerLewak LLP, Salem

Southern Oregon

Lee D. Pruitt, Hearts with a Mission, Medford

Out-of-State

Amanda Lilley, Rosenberg Associates, Grand Rapids, MI

Jeffrey Whalen, Rhodes & Associates PLLC, Federal Way, WA

Bowen Zhang, Bowen Northwest PS, Lynnwood, WA

Accounting Connect quarterly magazine is going all-digital!

Beginning Spring 2023, the Accounting Connect magazine will be published online-only. The format will be a PDF flipbook which can be read online or downloaded for your later enjoyment. Digital is fast becoming the way more members prefer to read the magazine, and OSCPA is excited to do our part to save paper and member resources.

Welcome student members

These members joined during September, October, and November 2022

Clarissa D. Adams, Oregon City

David Allen, Keizer

Mariam Almitawah, Portland

Cole S. Amine, Honolulu, HI

Timothy J. Anderson Jr., Tigard

Kevin Andrews, Los Altos, CA

Jerico Archer, Eugene

Kolby Bautista, Central Point

Lynniesha Bell, Tualatin

Jessica Benfield, Tigard

Sydney E. Berrey, Corvallis

Larisa Bondarchuk, Gresham

Alexia J. Brenholtz, Beaverton

Bryce H. Bridge, Hillsboro

Reid E. Burford, Corvallis

Andrew Cao, Beaverton

Hollie Caskey, Portland

Elaine Chavez Orozco, Salem

Joelle Cheek, Hillsboro

Pei Y. Chen, Portland

Forrest M. Cooley, Warrenton

Yoselin Cruz Montesinos, Corvallis

Beth Diggins, Davis & Graves CPA LLP, Gresham

Jacklyn-Diana Dureke, Forest Grove

Theresa Easton, Sherwood

Jaileene T. Eubanks, Oregon City

Heather J. Fitzgerald, Vancouver, WA

Katie Green, Hope Mills, NC

Raelyn Grey, Ashland

Esmeralda Guerrero, Forest Grove

Jennifer Hafley, Corvallis

Duane Hastings, Portland

Dachelle L. Hattan, Corbett

Ryan Haynes, Eugene

Kaitlin Hirasa, Portland

Dieu-Hanh V. Huynh, Beaverton

Jessica Ilievski, Oregon City

Christopher J. Isherwood, Principle Accounting PC, Eugene

Alvino Jimenez, Malin

Maria Juarez, Salem

Alexia Julian, Portland

Ulyana Karasev, Vancouver, WA

Ryan A. Kirkland, Lebanon

Hannah Krantz, Salem

Aurora Landers, Hillsboro

Jericho K. Lara, Forest Grove

Tanner Lauby, Grants Pass

Hunter J. Laws, Eugene

Irwin Leon, Springfield

Johnny Li, Monmouth

Cesar Lopez Hernandez, Washougal, WA

Sarah Luginbill, Happy Valley

Erika Lundquist, EAN Holdings LLC, Tualatin

Makayla M. Massar, Portland

Vincent J. Matteucci, Springfield

Sonia McCandlish, Portland

Chelsea A. McCloud, La Pine

Lisa McClure Price, Ashland

Paige E. McLaughlin, Portland

Michelle Mele, Portland

Nick J. Melendez, San Jose, CA

Hugo A. Mendoza, Beaverton

Kelly Merino, Newport

Laura M. Miller, Portland

Lucy Miranda-Sanchez, Cornelius

John Moeser, Salem

Stefany Morales, Hillsboro

Tatiana Mouton, Portland

Angeliqe Natalia, Salem

Avigail Navarro Valladares, White City

Bryan Nicolas, Salem

Emily A. Nilsson, Portland

Nicolle Nitta, Hoffman Stewart & Schmidt PC, Lake Oswego

Chelsea E. Nussy, Salem

Jose C. Ochoa-Delgado, Woodburn

Jarron S. Oki, Mililani, HI

Alise J. Olson, Gresham

Karen O’Neal, Hillsboro

Tatyana Ozeruga, Milwaukie

Alexander J. Petshow, Eugene

Emily L. Platt, Portland

Jacob Rasmussen, Forest Grove

Kathryn Reif, Sandy

Michael Richards, Portland

Deanna L. Richardson, Cosgrave Vergeer Kester LLP, Portland

Sarah Rodriguez, Milwaukie

Katie Rotoli, Portland

Andrea Ryker, Corvallis

Ferllyne Sadi, Salem

Seleste Sanchez, Hillsboro

Isaura A. Sanchez-Hernandez, Albany

Diego R. Santos, Kirkland, WA

Jenny Santos Cortes, Portland

Leticia Serrato Cobian, Malin

Karina E. Shvachka, Molalla

Jamison A. Simpson, Fire On The Mountain, Portland

Yin Lun So, Corvallis

Alondra Solano Miranda, Portland

Olga Spiridonova, Eugene

Sophia Tally, Corvallis

Damon K. Tanner, Forest Grove

Juan Carlos Tellez Flores, Portland

Jeremy B. Tennant, Portland

Rose S. Tevs, Happy Valley

Meredith M. Thomas, Eugene

Jake B. Thompson, Los Angeles, CA

Desiree Uriarte, Beaverton

Rylie J. Vallo, Corvallis

Deva Vance, Portland

Sophia Vandersommen, McMinnville

Graciela Vazquez, Eugene

Tyra Velasco, Vancouver, WA

Marshall P. Vest, Portland

Scott M. Visscher, Corvallis

Jontaya Ward, Foster & Associates CPA LLC, Portland

April Wendell, Portland

Isaac N. Wilson, Medford

Daniel R. Winkel, Beaverton

Lovesha L. Woods, Native Arts and Cultures Foundation, Portland

Jeanna C. Woolen, Corvallis

Elisa R. Wright, Portland

Kaley K. Yamaguchi, Portland

Arisa K. Yamamura, Corvallis

Janile Yost, Silverton

Get involved

Project Committees*

• Accounting & Auditing

• Construction Industry

• ERISA

• Estate Planning

• Farming, Ranching & Agribusiness

• Financial & Retirement Planning

• Forest Products

• IRS/Practitioners Forum

• Northwest Federal Tax Conference

• Real Estate

• State & Local Taxation

Strategic Committees

• Business Management & Advisory Services

• Governmental Accounting & Auditing

• Leadership Development

• Not-for-Profit

• OSCPA Women’s Initiatives

• Peer Review

• Professional Development (CPE)

• Taxation

• Young Professionals

Build

Chapter Councils

• Benton-Linn

• Central Oregon

• Eastern Oregon

• Emerald Empire

• Mid-Columbia

• South Coast

• Southern Oregon

Other Ways to Get Involved

• Speakers Bureau: Classroom

• Speakers Bureau: Personal Finances

• Write for OSCPA publications

*

Claim Chronicles by CAMICO

Claim Chronicles Topic: Phishing, Social Engineering Scheme Services: Auditing

Steve Ryckman, managing partner of Ryckman-Harris & Associates, is alerted one day after receiving a call from a firm employee who asked if he requested to share a file with her (via email) from a file hosting service. Because he hadn’t, the firm’s IT department advised Ryckman to contact the firm’s outsourced IT network vendor to look into the suspicious activity.

Ryckman’s firm is on a hosted network that requires a dual authentication. The IT vendor ran a scan and found no viruses or threats. However, when looking into Ryckman’s email account — although Ryckman didn’t notice anything when he logged into Microsoft Outlook from the remote network or local server, when he logged into his Microsoft 365 account through a web browser, something did stand out. He noticed that a rule had been set up about the file sharing service account that was created. Ryckman hadn’t created the rule and his attempts to log in to his file sharing account failed. Ryckman requested a password reset and the IT vendor deleted the rule and set up a dual authentication process for the account. After the incident, other staff at the firm who also had accounts from the same file sharing service took the same action. Ryckman’s firm didn’t have a dual authentication process set up for their Microsoft 365 accounts and therefore instructed staff to do so.

Roughly 10 months later, the firm determined there may have been a privacy breach involving 19,000 individuals. The firm’s insurer, Nixta, handled the cyber matter and ordered that a forensic analysis be conducted to determine what the hacker could have access to. A further analysis was performed on the thousands of items pulled to identity the population of indi-

viduals potentially impacted and whom to send notification letters. It was a time-consuming process — to determine the extent of the breach — as they had to conduct multiple searches due to some data being old and needing to perform due diligence to ensure they had the correct number and individuals potentially impacted.

When the extensive list of names was produced, it was determined about 90% of them were tied to eight files for an audit client of Ryckman’s firm. The compromised data that was sent to the firm was from 2009-2011. Ryckman’s firm didn’t have an email retention policy and the old emails (passwordprotected emails came out well after 2012) were saved in a Microsoft Office 365 account, leaving the files unencrypted and available for hackers to access. The firm’s client had sent a large spreadsheet that included patients’ names and Personal Identifiable Information (PII) of medical equipment patients had rented from the medical supplier client of RyckmanHarris & Associates. Although the firm notified all the individuals potentially impacted by the breach, the damage was done, and they were soon served with a class action lawsuit from one of the individuals whose personal, confidential information was leaked.

Select the answer that is the best response.

1. What mistake(s) did the CPA firm make to which created the liability exposure?

A. Not securing and encrypting all confidential information sent to the firm.

B. Not having a retention policy for company emails (including ones that contain sensitive files, data).

C. Not securing all company accounts (such as email) with password protection and authentication, that requires distinct forms of identification for access.

The “Claim Chronicles” are drawn from CAMICO claims files and illustrate some of the dangers and pitfalls in the accounting profession. All names were changed.

D. All the above.

2. What is true about this case for CPA firms to note?

A. The plaintiff was a client who previously worked in the firm’s IT department.

B. The plaintiff was a non-client who filed litigation without contacting the firm first.

C. The plaintiff was a non-client who reached out to the firm before filing a lawsuit.

D. The plaintiff was a client who initially notified the firm on the potential breach.

Correct Answers:

1D -- All of the above: The dated, sensitive information should have been protected and secured, and then later carefully destroyed. The responsibility falls on the CPA firm, as their email account containing unencrypted, PII data needed to be safeguarded. Email accounts that have been compromised allow hackers to put rules on the account and send purported messages — such as from a CPA firm — asking for money or to click on a harmful link. Security such as authentication is critical for company accounts, only permitting authenticated users to gain access to protected resources. Email retention policies are vital for a firm — or any business — to save space on your email server and stay in compliance with federal and industry record-keeping regulations. Retaining emails for a longer amount of time than necessary exposes a company to security and legal risks and can compromise data assets.

2B - The plaintiff was a non-client who filed litigation without contacting the firm first. The plaintiff was a patient of the CPA firm’s audit client (a non-client of the firm) who instead of contacting the CPA firm when they were notified on the breach, filed a lawsuit.

Claim Chronicles Topic: Fraudulent Wire Transfers, Social Engineering Scheme

Services: Bookkeeping and Bill Pay

Worthingham Financial, an established accounting firm, has been providing bookkeeping and bill pay services to consumer finance business Smart Money Express. The process is consistent — Smart Money receives its invoices from its Chief Operating Officer Larry Tollefson. If the invoices are for more than $25K, Smart Money founder Dustin Rogers approves them and then forwards them to Worthingham to process. Worthingham employee Lisa Hightower then pays the invoices from Smart Money’s bank accounts. The company has a general checking account and a money market account. Worthingham is allowed to transfer up to $25K from the

money market account to the checking account without any verbal confirmation.

On Feb. 6, Lisa Hightower requested an e-mail for the payment recipient at Sun Valley Trust from Larry Tollefson. The investment documents were described as invoices and the address provided was a personal email: latoll@hotmail.com. The initial invoice request was for $95K and six other payments followed: $550K, $500K, $200K, $500K, $500K and $720K. They were for “investment purposes,” which fall out of the scope of Worthingham’s typical payment services. But Worthingham believed the invoices were from Smart Money because the e-mails appeared to be from the correct Smart Money personnel and included language that “was like that used by Smart Money staff.” Payment information showed “US bank” as the recipient account (“Bank” not being capitalized on the payment detail format sheet).

By early May, $1,345,000 had been paid to the account. Smart Money’s payroll company, ADP, e-mailed Lisa Hightower at Worthingham and Dustin Rogers at Smart Money stating that there were insufficient funds in Smart Money’s account to make payroll and stated that $700K needed to be transferred to the general checking account from the money market account. Lisa Hightower spoke with Dustin Rogers about the situation and was directed to make multiple $25K transfers to the checking account, however, Rogers would later deny having that conversation or making the request. It wasn’t until May 30 that Dustin Rogers logged into Smart Money’s bank account and saw the writing on the wall. Smart Money had been hacked, and Worthingham was receiving and paying fraudulent invoices from their account, transferring in total $3,065,000 to a fraudster.

Select the answer that is the best response.

1. What was the key mistake Worthingham Financial made in its verification protocol for payments?

A. The protocol and procedures relied on email messages instead of phone calls.

B. The client and Worthingham did not receive a notification each time a transaction took place.

C. Worthingham did not have an agreement with the client that indemnified the CPA in the event of a fraudulent wire transfer.

D. Worthingham didn’t contact the client’s bank for each transfer.

2. What were other missed red flags regarding the fraudulent invoice requests?

A. The payment recipient email was a personal address, not a professional email or linked to the bank.

CYBERSECURITY

B. The invoices were labeled as “investment purposes,” which is outside of the scope of payments provided by Worthingham Financial.

C. The payment details showed “US bank” (misspelled) not “US Bank” as the recipient account.

D. All the above.

Correct Answers:

1A - The protocol and procedures relied on email messages. Transfers of funds should be confirmed verbally over the phone, or in person, ideally by speaking directly with the client — not by email, even if the email is in response to a voice message. Validate the authenticity of the request by confirming information only known to the client (ask questions

Cybersecurity and the CPA: a Professional Conduct Committee Perspective

The weakness of business information technology systems has unfortunately been exposed over the past few years. Companies and the FBI have seen an alarming uptick in theft due to criminals learning advanced techniques to trick key employees or infiltrate important business computer systems. In the past, some of these attacks primarily affected government entities or larger corporations. Sadly, these attacks have now become routine for many of our small businesses and nonprofit organizations in Oregon. As CPAs, we are regularly involved with general business consulting or assurance work. We have an opportunity to raise the alarm with our clients over these frauds and potentially work with them to get the assistance they need to update their cybersecurity infrastructure to prevent new and emerging cybersecurity frauds.

Social engineering schemes have been one of the most widely reported new frauds used against businesses to commit wire transfer fraud. As technology allows businesses to be able to transfer money quickly and efficiently, it also opens businesses up to new elaborate frauds. Wire transfer frauds are particularly dangerous to companies, as they can quickly lose hundreds of thousands of dollars or more and not be aware of the theft until it’s much too late to recover any of the funds stolen. Social engineering depends on manipulating key employees using emails, or other communications that appear to be legitimate, from a criminal posing as a trusted vendor.

Local businesses have also reported ransomware attacks to be increasing. Ransomware is a type of software illicitly installed by criminals onto company computers. The ransomware locks the company out of their own corporate

to which hackers would not know the answers). In addition, document who the authorized client representative(s) would be for providing such consent if the client is not available.

2D - All of the above. a, b and c are all suspicious indicators of fraudulent activity that Worthingham Financial ignored and proceeded with the wire transfers. When fraud is discovered after the transfer, the funds are usually not recoverable, so use your professional skepticism to avoid being lulled into a scam request, transaction.

CAMICO is the OSCPA’s preferred provider of Professional Liability Insurance. The “Claim Chronicles” are drawn from CAMICO claims files and illustrate some of the dangers and pitfalls in the accounting profession. All names were changed.

data and key records the company needs to complete its sales and collect revenue. The criminals then ask for a ransom to be paid before they will give the company back their access to company computers. This sort of attack puts businesses in an awkward position of needing to pay the ransom or look to have a costly business interruption. The criminals may use an email technique known as “phishing” to trick key employees to accidently install the ransomware software.

Clients also may store valuable proprietary data covering key business processes, patents, or technologies on their computer networks. Other valuable information on computer networks may contain employee personnel data. This data could be the target of criminals looking to collect and sell any important data. Cybersecurity systems protecting this information may be critical to prevent significant intangible asset losses or costs to defend employees from cyber criminals.

CAMICO, the OSCPA preferred provider of professional liability insurance, has provided two case studies explaining how phishing and social engineering can be used as cyber fraud schemes. These studies may assist you and your firms with cybersecurity discussions with clients who may be currently vulnerable. The OSCPA Professional Conduct (Ethics) Committee encourages you to stay in touch with your professional liability insurance provider for updates on the latest cyber security threats.

About the author

Ryan Northcutt is a senior audit manager at Aldrich CPAs + Advisors LLP in Lake Oswego. Ryan has been a member of the OSCPA Professional Conduct Committee since 2010.

Stress management and self-care

by Kara Kazemba, LCSW, Ancora Wellness

Stress is an inevitable and even helpful part of life.

If we think of any of our joys, our successes, our wins, chances are there were stresses.

In order to celebrate being an official CPA you have to pass that scary test.

Closing on a house couldn’t happen until you went house hunting, made an offer, counteroffer, and then signed over a giant sum of money.

A long race involves training, preparation, fueling.

Stress is that little voice that tells you need to study, get home inspections, and stretch to prevent injury.

Stress is also our fight-or-flight response when we see a bear, smell smoke, or slam on the brakes to prevent rear-ending that Subaru on the highway.

What is stress? (The science)

The information (bear, for example) comes into the amygdala, an area of the brain that contributes to emotional processing. The amygdala then interprets the images and sounds. When it perceives danger, it instantly sends a distress signal to the hypothalamus. This is when all the fun stuff happens — sweaty palms, pounding heart, you might find yourself breathing more rapidly. The Fitbit on your wrist might be yelling at you. Your focus narrows and your body prepares for whatever the task is at hand, often called the “fight-or-flight” response.

Ideally, the stress passes, the cortisol drops, and your body and your brain return to baseline.

Where stress gets problematic is when it becomes all-encompassing, all the time, and bleeds into other parts of your life. Cortisol stays up, up, up — or you find yourself with a lot of “spikes” throughout the day. Essentially, your brain says there’s a bear, but you’re actually safe and things are okay.

How do we manage stress, then?

Stress self-assessment

First, we do some reality checking. Is this stress/worry thought/anxiety real and/or likely to happen? Are you stuck in the past, maybe chewing on a recent interaction, or are you worried about things that haven’t even come to pass?

Next, we look at resources. Do you have time to prepare? What tools or people do you have in your life as you approach this obstacle? Have you handled similar situations in the past?

Finally, we look at the consequences, so to speak, of our stress. Is this stress impacting your ability to focus? Sleep? Engage meaningfully in relationships? Are you irritable or feeling hopeless? Can any of the above resources help?

Sometimes stress and overwhelm can be very simply managed by taking an appraisal of the situation and making a plan.

For stressful times or worries that are a bit more pervasive, let’s do some practical self-care.

Self-care: Physical health

While it may not feel directly related to the stressor at hand, our ability to handle situations mentally is directly impacted by how our physical health is doing. The loving, motherly, nagging things I first check are water intake, sleep hygiene, eating, and body movement.

The brain needs water, just like all your other organs. But for managing stress, even a little bit of dehydration can increase cortisol levels. It’s really easy to forget to drink water when you’re go-go-go and busy, but next time you’re feeling a bit overwhelmed, try sipping a glass of water. The general rule of thumb for water intake is a half-ounce to an ounce of water per pound that you weigh.

Sleep is often one of the first things to suffer when someone is stressed, but also one of the best remedies. It’s the time when our brains and our bodies can recharge. Lack of sleep can certainly impact our stress levels, and prolonged sleep issues and sleep deprivation can even lead to impaired concentration, memory and judgement. To practice good sleep hygiene, try to aim (as an adult) for 7-9 hours per night of sleep and as consistent of a bedtime routine and schedule as you can. Keep an eye on caffeine and alcohol intake as they can heavily impact your REM cycles. Limit screens and blue lights for at least 30 minutes before bed to help your brain to calm down for sleep. Keep the room as cool and as dark as possible for beautiful, restorative sleep.

We want to be mindful of what we’re putting into our bodies and making sure that we’re nourishing ourselves. Stress and cortisol can actually shut down our hunger for a period of time. Among business owners, students, and general high-achievers, this is where we hear “I just forget to eat”. This becomes problematic if stress is rampant or if the cortisol keeps a-coming and a-coming. Then, when we do have a moment to be cued into our bodies and our need for fuel, we crave comfort. This is where foods high in fats, sugar, and salts often make an appearance, and sometimes in excess. Talking to a nutritionist about your unique needs can be helpful here, but some good rules of thumb are to try to make meals as doable as possible. If you don’t have time for bacon and eggs every morning a muffin and a banana in the car is just fine. Schedule your lunch into your day. Keep snacks you enjoy at the office and at home. And remember that vegetables are vegetables, even if you put a little bling on them (i.e., dressings or cheeses).

And finally, and very simply put: Move your body. This can be any joyful movement — dancing, walking, bicycling, hiking. Just thirty minutes a few times a week has an enormous

impact of mood, as well as improving sleep and being good for overall health. Bonus points if you can go outside and get all the benefits of nature, too! No marathon training necessary.

Self-care: Get the thing done

Remember that self-assessment you did? It’s time to start looking at how we’re responding to situations and how we’re maybe even contributing to our stressful situations.

If you’re really great at prioritizing, amazing, but for some folks we need a little assistance so that instead of being bogged down in everything we can focus on what really needs to be done. First, make a list of everything that’s on your mind. I’m a huge advocate of the Urgent/Important matrix. When there is a lot of cortisol in our system, everything feels very urgent and very important. Work to identify what is really stressing you out and look at all your other to-do list items accordingly.

Then there’s the kicker — setting aside time to do it. This is a personal preference thing as I know some folks really do perform better under pressure and for others there can be a bit more planning and preparation. But for many, if the time isn’t set aside for it, it might not happen. Just like eating lunch and exercising — put it on your calendar! Choose a time when you know you operate pretty well. Set those phones to silent. Then, get stuff done.

Self-care: Boundaries

This can easily be a whole article itself, because sometimes it’s not a project or a deadline that’s amplifying your stress, but rather a person in your life. Boundaries can be a tricky thing, particularly if people-pleasing is a common behavior for you. Very similar to the stress self-assessment we already discussed, this can be an opportunity to take stock of who is in your life and what kind of energy they bring (or deplete). Do you get tired after spending time with them? Do you dread the interactions? Can you be your authentic self around them? Can you talk to them about your stress? These questions can be illuminating for your relationships. If you need extra support, reach out to a therapist — this is hard work.

Self-care: Mental health tools

Finally, some simple tools added to your day can be helpful for managing stress.

Scheduling “Worry Time” in your day or week can be a great time to do a self-assessment and dedicate your brain to what’s stressing you out. The trick is once you’ve used up your worry time, you go on with life.

Journaling can be done during an established “Worry Time” or part of your overall self-care process. Writing down your thoughts and feelings can be a great way of clarifying your experience as well as an outlet for brainstorming and asking yourself questions. It’s also therapeutic to put your experience into an external outlet, creating a sense of distance from the situation that can be helpful for reflection.

Breathing exercises are one of the more cliché, but helpful

to create it. Take a walk in the fall colors. Get a boba tea. Pet your dog. Have sex. Watch a comedy. Sometimes the best way to counteract stress is to try to balance it with the good stuff.

Conclusion

While stress is an inevitable part of life, it doesn’t have to be your entire life. This article is meant for educational purposes and doesn’t replace seeing a therapist, nutritionist, or a doctor.

Document Preservation and Destruction: Do’s and Don’ts

By Chester D. Hill & Mandi L. Summers, Cosgrave Vergeer Kester LLP

Document retention may not sound like the most exciting topic, but it is difficult to overstate its importance. Often, its importance becomes clear only after an issue has arisen and it is too late to take the steps that should have been taken long ago. In these situations, the professional will be saying to himor herself either “wow, I’m sure glad that I developed, updated and followed that written document retention policy,” or, God forbid, “wow, I sure wish I had a good explanation as to why I no longer have those documents,” and “Do I need a lawyer?” Like many aspects of the profession, a comparatively modest amount of proactive planning and execution on document retention on the front end can save hours of time later. A good document retention policy will save you from fines, legal exposure, and a lot of heartburn if properly implemented. It may even provide your defense in the event a client brings a malpractice claim against you. On the other hand, a failure to implement such a system will have you out of compliance with relevant law, leave you vulnerable to a malpractice claim, and result in disciplinary action from the Board of Accountancy.

A good document retention policy has several features. It must be written and reviewed and updated from time-totime, ideally once a year. It should include within its scope a description of the records to which it applies, and that description should include all of the documents and correspondence that are involved in the professional’s work, whether they be paper documents, electronic documents such as Word Documents, PDFs, Excel spreadsheets, or other databases,

and electronic forms of communication, such as emails, text messages, Slack Channels, etc. While technology often streamlines the job of an accountant, it also generates a large volume of material that should be categorized and preserved. A good policy will define client records, define engagement work papers, set the retention period for each type of document or record, and outline the review and destruction process.

It is essential that your retention policy does not rely on clients to maintain any necessary documents because it is not possible to know how well they follow their document retention policies, even if they have one that looks good on paper. It is likewise essential that your retention policy require that materials be segregated by client, and, if necessary, by matter as well. Materials belonging to or relating to one client should not be mixed in with materials belong to or relating to another. And, if your firm has multiple projects for the same client, it is best to keep materials related to one project separate from another. This way, if you ever have to assemble and share these materials (whether with the client because they asked for them, or potentially in response to a request for production or subpoena as part of litigation), they will already be organized and categorized, which significantly shortens the work necessary to assembling and sharing them.

There are three primary types of documents you want to retain. The first type is all materials related to your client evaluation process/engagement, such as signed engagement records, client acceptance checklists, engagement acceptance

approvals, client correspondence, and client disengagement records. The second type is administrative records, such as billing records, firm and individual licensing information, and CPE attendance records. Finally, you want to retain all engagement delivery documentation, i.e., enough documentation to give a clear and complete picture of the service provided such that another CPA could recreate it. This includes workpapers that reflect analyses performed, evidence and explanation provided by client or correspondence to support licensee’s findings/ conclusions, deliverables, reports issued, client and accountant representations, assertions relied upon by CPA, and work product transmittal letters.

Oregon’s administrative regulations require that certain types of documents be retained for at least seven years and in a manner that they could be retrieved within sixty days of a client request. These documents include copies of tax returns, any other report or document issued to the client by the CPA, any accounting or other records that belong to, were obtained from or on behalf of the client that the CPA either took from the client’s premises or received on client’s behalf, and a “[c] opy of the [CPA’s] working papers, to the extent that such working paper include records that would be part of the client’s books and records and are not otherwise available to the client.” Additionally, CPAs must keep “copies of all client records used to complete tax returns or other reports” for at least seven years “or longer if necessary for purposes of an investigation.”

That said, documents should be retained only so long as is necessary. It is important to keep in mind that different governmental entities impose different retention periods for certain types of documents. For example, federal law generally requires retention of tax documents for three years, while the IRS requires retention of them for six, and Oregon, for seven.

Importantly, the duty of confidentiality extends beyond destruction, this means that regardless of how a CPA destroys materials once they no longer need to be preserved, the materials must be destroyed in a manner that keeps the materials confidential. Maintaining the duty of confidentiality when you use a subcontractor or vendor to destroy old files (or even to clean your office) means that you must (1) ensure that the subcontractor or vendor is reliably screening employees; (2) inquire about the subcontractor or vendor’s security and

employee monitoring methods, and (3) review any of the subcontractor or vendor’s written policies and training materials regarding confidentiality. The Association of International Certified Professional Accountants has published 10 Generally Accepted Privacy Principles to help you evaluate these policies. Some contractors, like a janitorial service, may not have detailed policies on these matters. Where they do not, however, your firm can close the gap. One way is by implementing a “clean desk” policy to ensure that cleaning personnel are not encountering client information when they are in your office after hours. You should also consider entering into a written contract with any subcontractors that covers indemnification for security breaches, representations of privacy and security efforts, an obligation to maintain privacy and security, an obligation to inform the firm of any breaches in writing, and minimum liability insurance. Ideally, an attorney will draft this or, at a minimum, review the contract before execution.

Additionally, routine destruction should halt immediately if the firm or one of its clients becomes involved in legal action. If a client becomes involved in legal action, your firm may find itself on the receiving end of a subpoena. Generally, a legitimate discovery request is any request that is reasonably calculated to lead to the discovery of admissible evidence. This is a very broad standard, especially if a client’s finances are at issue. Accountant-client privilege is not recognized under federal law, and under Oregon law, it can be inapplicable when the information is sought pursuant to a subpoena or court order. Thus, if client records are subpoenaed, it is likely futile to resist compliance, but such disclosures are excepted from the duty of confidentiality by Oregon law.

Further, in litigation, where a party or witness is found to have destroyed (or simply not retained) materials that the party or witness knew or should have known would be relevant to the dispute, the court has discretion to order the jury to infer that the documents were detrimental to the destroying party’s claim or defense. This is because the court will presume that the documents that were destroyed or not retained were harmful to the party or witness who destroyed or failed to retain them. In rare (and, generally, extraordinary) cases, courts have discretion to decide elements of the case in favor of the non-destroying party (such as liability or damages), or rule in their favor altogether.

Importantly, litigation need not even be filed in order to trigger the obligation to preserve documents relevant to a dispute

It is essential that your retention policy does not rely on clients to maintain any necessary documents because it is not possible to know how well they follow their document retention policies, even if they have one that looks good on paper.

DOCUMENT RETENTION

and pause routine document destruction. Instead, the party having custody of the documents need only have reason to believe that the documents may be relevant to future litigation. In practice, this can be a fact specific and ambiguous inquiry. So, in advance of filing a lawsuit, lawyers often send “litigation hold” letters to future defendants and any witnesses who may possess relevant documents. If you ever receive such a letter (either as a future defendant or a witness), do not ignore it. Instead, involve a lawyer immediately, and cease all routine document destruction processes. At bottom, following your document retention policy (and pausing routine destruction efforts upon notice of potential litigation) is always the best practice.

Violations of any of these duties can lead to disciplinary actions, including civil penalties ranging from a few hundred to several thousand dollars, and failures regarding document retention often compound CPAs’ problems when they are the subject of an otherwise (or seemingly) unrelated malpractice or disciplinary action.

that cloud storage complies with your confidentiality and security standards. Although they can be expensive, the benefits are numerous, and the peace of mind is priceless.

A failure to properly retain documents implicates accountants’ professional duties, such as the duty of professional competence and the duty of due professional care in performance of professional services. As discussed above, the duty of due care extends to selecting subcontractors. There are also duties to keep clients apprised of where their document can be retrieved if you move from one firm to another, leave the profession, or sell your practice, and, for solo practitioners, to have a system in place to provide continuing service in the event of death, incapacitation, or disappearance. Fundamentally, these two duties rest on having and using clear and organized document retention policies.

Of course, a failure to have a well-organized and secure system can violate accountants’ professional duty of confidentiality as well. Violations of any of these duties can lead to disciplinary actions, including civil penalties ranging from a few hundred to several thousand dollars, and failures regarding document retention often compound CPAs’ problems when they are the subject of an otherwise (or seemingly) unrelated malpractice or disciplinary action.

Investing in good document management software will take much of the effort (and time) out of this process. A good system will have the ability to easily save and organize electronic materials from their application of origin and digitize paper documents as well. Such systems also make it much easier to retrieve documents upon client request or in response to a subpoena. Many will also be compatible with cloud storage, which saves you the headache of managing on-site storage. As with any subcontractor or storage system, you must ensure

Keep in mind, however, that even the world’s best document management systems follow the “garbage in/garbage out” principal – that is, if you do not ensure that all necessary materials are uploaded and categorized in the system, you may as well not have one at all. One example that comes to mind is as follows: in today’s world, people communicate by text message in both professional and personal contexts. Although we try to avoid it (because of the headaches involved in retaining text messages), on rare occasions, we text with clients about matters related to their case. While our firm’s document management system automatically stores and categorizes work product and emails, it does not do so with text messages. So, every time we send a text to a client or another lawyer about a matter, we take a screenshot of the exchange, upload it to the firm’s document management system, and categorize it in whatever matter to which it relates. While many of these processes are automated (and automation is sure to improve over time), no system is perfect. So, the careful CPA should always be on the lookout for gaps in their document management system and find ways to fill them.

Of course, if you ever have questions regarding compliance, do not hesitate to ask your attorney for help.

About the authors

Chester Hill is a trial lawyer who focuses his practice on all areas of commercial, financial, and real estate litigation. He has extensive experience in professional liability, insurance coverage, corporate dispute, and commercial landlord/tenant matters. He is admitted to the Oregon State Bar, and the United States District Court for the District of Oregon.

Mandi Summers is a freshly minted attorney (UO Law ’22) and associate at Cosgrave, who clerked with the firm since the summer after her 2L year. During law school, she externed for the Hon. Judge Michael J. McShane with the United States District Court for the District of Oregon and served as a Managing Editor for the Oregon Law Review. She looks forward to building her practice.

2023-24 Membership Renewal

We love our members! Membership with OSCPA provides you with the resources you need throughout your career. Look for your 2023-24 annual dues renewal notices to land in your inbox in February, due April 1, 2023.

Do we have your current contact information?

Recently move or have a new email address? Login to update your OSCPA profile with your current information and update your mailing and communication preferences at www.orcpa.org/my-oscpa/profile. Or email your current information to membership@orcpa.org and we’ll update your profile for you.

Sign up for auto-renewal!

Too busy to worry about sending your annual dues renewal in by April 1? Not to worry, call Finance & Business Services at 503-641-7200 / 800-255-1470, ext. 7, to set up your automatic annual dues payment. You’ll get your notice in February and a receipt in April once your dues have been paid, it’s that easy!

New to OSCPA?

Welcome to OSCPA! As a way to get to know OSCPA better, Membership & Communications has created a video that provides an overview of your member benefits and ways to get involved with your professional community at www.orcpa.org/my-oscpa/benefits. Prefer to connect by phone or video chat? Contact Membership & Communications at 503-641-7200 / 800-255-1470, ext. 4; membership@orcpa.org to set up a one-on-one walk-through.

Exploring Licensure & the CPA Exam - Webcast Replay

Annually, Oregon Board of Accountancy (BOA) and AICPA present on the Oregon licensure requirements and the CPA Exam. This special, two-hour program was recorded and available to anyone who is on the CPA path! BOA explains the education requirements to sit for the Uniform CPA Exam, the experience requirements to become licensed in Oregon, and the supervising CPA’s role. AICPA goes over CPA Evolution and the expected changes to the Uniform CPA Exam that will launch in 2024.

Register: www.orcpa.org/Licensure-Replay

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

Let OSCPA help you study for the CPA Exam with UWorld Roger CPA Review!

Enter a drawing* to win one full, Elite Unlimited, four-part scholarship (a $3,599 value) from UWorld Roger CPA Review!

• Only OSCPA student and CPA Candidate members are eligible for the drawing

• Entries accepted February 1 - March 20, 2023

• Winner will be notified in March

*Visit https://www.orcpa.org/news-resources/248/article for details.

Your OSCPA at a glance

As your professional community, OSCPA is with you every step of your career. It’s almost time to renew your membership. Here are some of the ways you benefit when you continue investing in your career as a member.

Advocacy

Each year, volunteers track numerous bills of concern to CPAs during the annual Oregon Legislative Session.

CPE

High-quality CPE in a variety of convenient and effective formats that maximize your time and educational investment.

Connections

OSCPA BridgeTM Open Forum, committee engagement, and socials.

Discounts on products and services

Office supplies, laptops, car rentals, and more.

News and resources

Timely news and resources curated to your personal interests.

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

Earn complimentary CPE with Knowledge Networks

Developed by the Not-for-Profit Strategic Committee and the Business Management & Advisory Services Strategic Committee, OSCPA Knowledge Networks offer a great opportunity to explore important not-for-profit and business & industry topics in one-hour informal discussions with experts and peers — and to obtain valuable CPE. You can register for a bundle(s) or for the individual courses.

Not-for-Profit Knowledge Network Bundle

Webcast (3 hours) Bundle - #W79534

• February 1, 2023 - April 5, 2023

CPE: 3 / Level: 4 (Update) / Webcast

In-person (3 hours) Bundle - #11101

• February 1, 2023 - April 5, 2023

CPE: 3 / Level: 4 (Update) / OSCPA Center, Beaverton

Not-for-Profit Knowledge Network: Nonprofit Risk Assessment (1 hour - morning)

• February 1, 2023 - In-person - #11098

• February 1, 2023 - Webcast - #W79521

CPE: 1 / Level: 4 (Update)

Not-for-profits have a duty not just to themselves to develop a risk management plan, but to the public at large and to those they serve. This session will focus on coaching not-for-profits on performing risk assessments, anticipating pitfalls and developing internal controls.

Not-for-Profit Knowledge Network: Role of AI in the Future of Accounting (1 hour - morning)

• March 1, 2023 - In-person - #11099

• March 1, 2023 - Webcast - #W79522

CPE: 1 / Level: 4 (Update)

Artificial Intelligence will play a major role in the future of accounting. This session will give insight into how AI will affect accounting practices for the future.

Not-for-Profit Knowledge Network: Environmental, Social, and Governance (1 hourmorning)

• April 5, 2023 - In-person - #11100

• April 5, 2023 - Webcast - #W79523

CPE: 1 / Level: 4 (Update)

Accounting is rapidly seeing the importance of non-financial metrics factoring into business operations. Not least of these is Environmental, Social, and Governance.

Business & Industry Knowledge Network Bundle

Webcast (3 hours) Bundle - #W79880

• January 13, 2023 - May 12, 2023

CPE: 3 / Level: 4 (Update) / Webcast

Business & Industry Knowledge Network: Paid Leave Oregon - Are You Ready? (1 hourmorning)

• January 13, 2023 - Webcast - #W79881

CPE: 1 / Level: 4 (Update)

Oregon’s Paid Leave program goes into effect January 1, 2023. Get the essential knowledge you need to ensure your clients or your business are fully prepared.

Business & Industry Knowledge Network: Cybersecurity Insurance (1 hour - morning)

• February 17, 2023 - Webcast - #W79882

CPE: 1 / Level: 4 (Update)

Mitigate business disruption and help plan risk response with a review of cybersecurity and cyber insurance.

Business & Industry Knowledge Network: The Path from CPA to CFO/Consulting (1 hourmorning)

• May 12, 2023 - Webcast - #W79883

CPE: 1 / Level: 4 (Update)

Details Coming Soon!

Register: www.orcpa.org/online-catalog and enter event number. Questions? Contact OSCPA at 503-641-7200 / 800-255-1470, ext. 3; profdev@orcpa.org

Jay Richardson 1957-2022

OSCPA mourns the loss of Jay Richardson, 2017-18 OSCPA Chair. Jay was a longtime member of the Society and was recognized for leading, contributing, and lending expertise in so many areas for the benefit of others.

At the time of his passing, Jay was active in leadership on the OSCPA Taxation, Legislative Policy, and Professional Conduct (Ethics) Committees, and actively involved in the Women’s Initiatives Committee plus others in prior years. Jay served on AICPA Council as Oregon’s Designated Representative and was currently serving as AICPA Council at Large. In his leadership roles, he was an avid champion of the Society’s Educational Foundation and OCPA/LAC. He once reflected how he found fulfillment, satisfaction, and joy in his involvement with the Society, the members, and staff. He also shared how he loved teaching and mentoring. Jay made a difference to many and will be missed.

Save-the-Date: 2023 Circle of Excellence

Celebrate the CPA profession at the annual OSCPA Circle of Excellence awards dinner, Thursday, May 11, 2023, at the DoubleTree by Hilton in Portland, Oregon.

• Social hour begins at 6:00 p.m.

• Dinner begins at 7:00 p.m.

• Awards presentation begins at 7:30 p.m.

This year, we’re honoring member milestone anniversaries in 2023, new members, OSCPA Educational Foundation scholarship recipients, Oregon universities’ top accounting students, CPA candidates who recently passed the CPA exam, and new CPAs.

Look for invitations to be sent to firms and milestone honorees in February. All additional honorees will receive individual invitations in April.

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

The Society office will be closed on Monday, January 16, 2023 in observance of Martin Luther King Jr. Day.

Thank You: Contributions to the OCPA/Legislative Action Committee Make a Difference

The OSCPA extends appreciation to the following individuals and businesses who are making a difference by contributing to the OCPA/Legislative Action Committee. Contributions recognized were made between January 1, 2022 and December 31, 2022.

$1,500

PricewaterhouseCoopers LLP

$1,000

Geffen Mesher & Company PC

$500

Stanley C. Compton

Rick G. Nissen

$250-$300

Tracy M. Allen

Vicki M. Holland

$100-$200

David E. Adams

Jerrold D. Aljets

James E. Bisio

David O. Blumhagen

Harry E. Bose

Glen A. Buchanan

James A. Carnegie

Lyle F. Chadwick

John L. Chesnutt

William D. Cote

Alyce L. Dawes

Mary F. Downs

Susan B. Fyie Taubner

Randell C. Guyer Jr.

Oren A. Hampton

Douglas R. Henne

Constance J. Huntsman

Judith E. Killian

Gayle E. Kovacs

TeriAnn Kruse

John P. Lazo

Arthur M. Lovett

Michael E. Lynch

George E. Mack III

Ryan T. McClung

Stephen S. McConnel

Sherri L.D. McPherson

Robert G. Moody Jr.

Shannon M. Moxley

John F. Moyer

Tiffany K. Nash

Douglas C. Parham

Don L. Pinkham

Jay H. Rathe

Nathan J. Reagan

Jay Richardson

James J. Rigos

Robert J. Riley

Mark L. Skoglund

Steve M. Sorenson

Selene L. Sullivan

James S. Welch

Kim L. Wilcox

Scott R. Wright

$50-$99

Raphael C. Antico

Kathleen L. Bernards

William H. Blair

David G. Evans

Dale E. Foster

Don R. Groth

Cynthia A. Harelson

Deborah J. Hollingsworth

Lance Y. Inouye

Heather L. Jackson

Isabel B. Johnson

Bradley W. Jones

David B. Klinger

Mark E. Landstrom

Lisa Lynne

Sandra R. Melhorn

Susan A. Nestor

Daniel M. O’Leary

Larry A. Olson

Jason R. Orme

Linda R. Rasmussen

Gratia B. Robertson

Charles S. Rosenblum

Joseph R. Rosevear

Kurt M. Sand

James T. Searcy

Adam L. Turco

Laura D. Wallace

Up to $49

Nancy L. Bolton

Gerald W. Burns

Dan J. Chapman

Wee Yuen Chin

Krystal F. Davis

Martha P. Gazeley

Kristina D. Gochnour

Kathleen M. Murphy

Michelle A. Pecora

Steven W. Poehler

Martin F. Seiler

Michelle M. Simmons

Allen R. Tanner

Rene L. Tornberg

Melonie J. Waters

Justin J. Wolfe

Key Person Program:

Do you know a legislator?

The success of the OSCPA Key Person Program depends on personal relationships between CPAs and their elected representatives. These relationships are the most effective means of communicating the profession’s views to the Oregon Legislature and Oregon delegates in the U.S. Congress.

Your participation:

• Ensures the success and future of the CPA profession

• Protects the integrity of the profession

• Positions CPAs as a policy resource for legislators in Salem and in Washington, DC

As a key contact, the OSCPA may reach out to you on an urgent or important issue, asking you to share information with state and congressional legislators whom you may know.

For more information or to sign up: Contact Sherri L.D. McPherson, IOM, CAE, President/CEO 503-597-5480 / 800-255-1470, ext. 120; smcpherson@orcpa.org.

Help build the CPA pipeline

Everyday Giving with Amazon Smile

Shop and help accounting students achieve their dream of becoming a CPA!

Simply shop at smile.amazon.com/ch/93-0889479 or with AmazonSmile on in the Amazon Shopping app, and AmazonSmile donates to The OSCPA Educational Foundation.

More donations equal more scholarships for top Oregon students. When you choose “The OSCPA Educational Foundation” as your charity, Amazon will donate 0.5% of qualifying purchases to the Foundation. Every dollar counts!

Your personal contribution

Your personal contribution of any size benefits tomorrow’s CPAs with scholarships awarded to high-achieving Oregon students. Show your commitment to the future of the CPA profession by making a contribution today.

Personal contribution levels

• Champion – $2,500+

• Platinum – $1,000 - $2,499

• Gold – $500 - $999

• Silver – $250 - $499

• Bronze – $100 - $249

Corporate Giving

Brand your business as a leader in the CPAprofession and gain year-long exposure to students and professionals.

Corporate donor levels

• Champion – $7,500+

• Platinum – $5,000 - $7,499

• Gold – $2,500 - $4,999

• Silver – $1,000 - $2,499

• Bronze – $500 - $999

www.orcpa.org/ed-foundation/contribute

Endowment Funds

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:

• Endowment Funds

• Retirement Funds

• Estates

• Real Estate

• Life Insurance

• Gift Annuities

• Charitable Trusts

www.orcpa.org/ed-foundation/planned-giving

January—February 2023 OSCPA-Select™ CPE Calendar

The OSCPA-Select™ curriculum is curated from a variety of local and national speakers and CPE producers who are highly knowledgeable and recognized for their subject matter expertise. 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. 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.

SAVE THE DATE: Spring & Summer Conferences

Not-for-Profit Conference

• April 24, 2023 - In-person - Sheraton Portland Airport Hotel, Portland - #11102

• April 24, 2023 - Webcast - #W79806

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

Construction Industry Conference

• May 19, 2023 - In-person - Sheraton Portland Airport Hotel, Portland - #11103

• May 19, 2023 - Webcast - #W79807

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

ERISA Conference

• May 23, 2023 - In-person, OSCPA Center, Beaverton#11104

• May 23, 2023 - Webcast - #W79808

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

Farming, Ranching & Agribusiness Conference

• June 1, 2023 - In-person - OSCPA Center, Beaverton#11105

• June 1, 2023 - Webcast - #W79809

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

Real Estate Conference

• June 7, 2023 - In-person - OSCPA Center, Beaverton#11106

• June 7, 2023 - Webcast - #W79810

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

Estate & Trust Conference

• June 9, 2023 - In-person - Sheraton Portland Airport Hotel, Portland - #11107

• June 9, 2023 - Webcast - #W79811

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

Governmental Accounting & Auditing Conference (2 days)

• June 12-13, 2023 - In-person - To be announced - #11108

• June 12-13, 2023 - Webcast - #W79812

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

Technology Conference with K2 Enterprises (2 days) - Webcast

• June 15-16, 2023 - Webcast - #W79813

CPE: 16 / Level: 4 (Update) / Producer: K2 Enterprises

Accounting & Auditing Conference - 7 Tech & 1 [NT]

• June 20, 2023 - In-person - OSCPA Center, Beaverton#11109

• June 20, 2023 - Webcast - #W79814

CPE: 8 - 7 Tech & 1 [NT] / Level: 4 (Update) / Producer: OSCPA

Forest Products Conference

• June 29, 2023 - In-person - Graduate Hotel, Eugene#11110

• June 29, 2023 - Webcast - #W79815

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

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

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

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)

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 guidance, 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.

Winter Governmental Auditing & Accounting Conference

Monday, January 23, 2023

• January 23, 2023

In-person - OSCPA Center, Beaverton - #11021

Webcast - #W66303

Member Fee: $299 / Nonmember Fee: $374

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

This conference will cover a general overview of current developments in governmental auditing and accounting and will provide the knowledge that governmental auditors need!

Topics Include:

• Special Purpose Frameworks

• Single Audits Update - CARES/ ARPA

• State & Local Government

Audit Guide

• Risk Assessment

• Sampling - Standards, Techniques & Documentation Speakers and topics are subject to change.

YELLOW BOOK: May qualify for Yellow Book CPE based on your unique audited entity.

Did you know there are multiple ways to experience OSCPA conferences? Attend in person or via livestream webcast. Webcast group & volume discounts: Available for groups of six or more to view together as a group or individually. Find out more at www.orcpa.org/ConferenceOptions

Michael Smith EA CliftonLarsonAllen

John Werlhof CPA-CA CliftonLarsonAllen

PURCHASE/SALE/MERGER

CONSIDERING THE SALE OR PURCHASE OF A PRIVATE PRACTICE? As the preeminent provider of business brokerage 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 changing transition. Call us at 253.509.9224 or visit our website to learn more about our services and topnotch team waiting to help you: PrivatePracticeTransitions.com

SOUTH KING COUNTY TAX AND ACCOUNTING PRACTICE FOR SALE (WA

PROFITABLE

1180): Established in 1985, this south King County tax and accounting firm has become well-known for its integrity, service, 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% individuals and ~20% businesses. Over the past three (3) years, the Practice has averaged gross revenue of approximately $437,591 (20192021). 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.

CPA TURNKEY OPPORTUNITY

IN OREGON-IDAHO

TREASURE VALLEY (1136): This highly profitable CPA firm is 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 (20192021) of ~$515,000 and ~430 active clients, the firm is poised to have another successful year. To learn more, call 253.509.9224 or email info@ privatepracticetransitions.com, with “1136 CPA Turnkey Opportunity in Oregon-Idaho Treasure Valley” in the subject line.

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 individual 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 preparation and planning, business advice and consulting, providing bookkeeping, accounting, and financial 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 nineteen (19) 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@ privatepracticetransitions.com.

HIGHLY RATED METHOW VALLEY TAX & ACCOUNTING FIRM (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 opportunity, call 253.509.9224 or email info@privatepracticetransitions.com.

DESCHUTES COUNTY TAX & ACCOUNTING PRACTICE (OR 1211): For over 43+ years, this Central Oregon practice has provided tax preparation and planning, and other accounting services to countless clients within Deschutes County and surrounding areas. The Practice’s service by revenue breakdown is 85% Tax Preparation, 10% Bookkeeping, and 5% Other. As of September 2022, the Practice has approximately ~700 active clients. Over the past three (3) years, the Practice has averaged gross revenues of approximately $489,810 (2019-2021), and 2022 projections are showing year-end gross revenues to be over $550,000! The Practice’s success can largely be attributed to its established name and loyal clients who have grown to trust its services. For more information, call 253.509.9224 or email info@privatepracticetransitions.com.

PROFITABLE PORTLAND TAX & ACCOUNTING FIRM (OR 1213): Established in 1990, this tax and accounting practice located in the southwest suburbs of Portland has offered a wide range of tax services to both business and individual clients as well as audit services to housing and employee

benefit clients. The Practice’s service by revenue breakdown is 37% Housing Project Audits, 30% Tax Preparation, Planning, and Consultation, 24% Benefit Plans, 8% Payroll Audits, and 1% NonHousing Audits. Including the Practice’s five (5) Partners, the Practice has seventeen (17) staff members serving its ~1,080 active clients. Over the past three (3) years, the Practice has averaged gross revenues of approximately $2,545,327 (20192021). For more information, call 253.509.9224 or email info@privatepracticetransitions.com.

SUCCESSFUL PIERCE COUNTY BOOKKEEPING AND TAX FIRM (WA 1214): For over 40 years, this Washington Practice has offered bookkeeping and accounting services to both business and individual clients. The Practice’s service by revenue breakdown is 65% Bookkeeping, 20% Income Tax Service, and 5% Other. As of October 2022, the Practice has ~500 total clients. Over the past three (3) years, the Practice has averaged gross revenues of approximately $621,953 (2019-2021). The Practice’s success is in large part due to the dedicated and highly skilled staff with a strong focus on customer service. With loyal staff and many word-of-mouth referrals, the Practice is poised for growth and increased revenue under new ownership. To learn more about this opportunity, call 253.509.9224 or, send an email to info@ privatepracticetransitions.com.

SUCCESSFUL LINCOLN COUNTY TAX & ACCOUNTING PRACTICE (OR 1216): Since 2001, this Oregon tax and accounting firm has offered a wide range of services to both business and individual clients. The Practice’s service by revenue breakdown is 70% Tax Preparation and 30% Accounting & Payroll. The Practice currently has five (5) staff members serving its ~750 active clients. As of 10/15/22, the Practice has brought in gross revenues of $491,883 which is a 7.1% YoY increase for the same time period. Additionally, TTM gross revenues as of 10/15/22 are an impressive $563,201! The Practice’s success is in large part due to the dedicated staff who are highly skilled with a strong focus on customer service. For more information, call 253.509.9224 or email info@privatepracticetransitions.com.

OFFICE SPACE

5,000 SQUARE FOOT – CLASSIC HOUSE OFFICE WITH FREE PARKING (SW PORTLAND)

Entire house office is available for lease as early as mid-December 2022. Includes eleven daylight offices, a kitchen, four private restrooms, four basement rooms, an outdoor picnic area, utilities, central A/C, weekly cleaning, and landscaping services. Walking distance to MAC, coffee shops, grocery, restaurants, Washington Park, MAX, Providence Park, and downtown. Family-owned and managed. Subletting allowed. *Current tenant in process of moving out.

PROFESSIONAL OFFICE SPACE FOR LEASE IN HISTORIC GOOSE HOLLOW BUILDING – 1312 SW 16th Ave. 2,600

SF available now, including entire 2nd floor with 6 private offices and 6 flex spaces. Spaces may be leased in smaller sections to suit your needs. Amenities include A/C, kitchenette, alarm system, and off-street parking. Enjoy quiet, tree lined streets and easy parking. This location is convenient to all freeways and just outside of the city center. Providence Park and the MAC club are easy walks. Rent starts at $18.00/SF/year, or $300 for a single office with all utilities included. Signing bonus available of 1/2 month of rent. Call Elliott at 503459-4334 for more information.

HELP WANTED

Experienced CPA – Large CPA Firm on the Southern Oregon Coast is seeking an on-site, full-time experienced CPA. The ideal candidate would have strong client management skills and 2 plus years of experience reviewing moderate to complex tax returns. Client management would include individuals, partnerships, corporations, trusts and estates. The firm has an established staff of CPA’s, CPA candidates, and Paraprofessionals, in addition to a great administrative team. Solid practices and procedures are in place for the right candidate to step into a well-oiled machine, with opportunities for advancement. We offer a great benefit package and flexibility. Compensation will be DOE. Send resume with cover letter to tina.milburn@hmwcpas.com or mail to HMW CPAs & Associates, LLC, 3690 Broadway, North Bend, OR, 97459. Attn: Tina Milburn, Business Administrator.

CPA FIRM FOR SALE

CPA FIRM FOR SALE – Local CPA firm owners looking to retire. Looking for an interested party, with experience, to take over. Reply to: PO Box 3004, Portland, OR 97208

FIRMS FOR SALE

• Portland Gross $880k, Asking $895k

• Vancouver, WA Gross $500k, Asking $595k

• Snohomish County, WA 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.

OREGON SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

10206 SW Laurel St. Beaverton, OR 97005-3209

ADDRESS SERVICE REQUESTED

January accounting & auditing webcasts featuring award-winning presenter

Walter Haig

Walter Haig’s Personal Financial Health Checkup … a Life Changer!

• January 24, 2023 - Webcast - #W66432

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

Producer: CPA Education Services LLC

Walter Haig’s Prep, Comp & Review Standards Update

• January 25, 2023 - Webcast - #W66434

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

Producer: CPA Education Services LLC

Walter Haig’s GAAP for SMEs, Tax & Cash Frameworks Update

• January 26, 2023 - Webcast - #W66436

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

Producer: CPA Education Services LLC

Walter Haig’s AICPA Auditing Standards Update

• January 27, 2023 - Webcast - #W66438

Member Fee: $315 / Nonmember Fee: $390

CPE: 8 / Level: 4 (Update)

Producer: CPA Education Services LLC

Walter J. Haig II, CPA-WA, owns his own CPA firm in Creston, Washington. His experience is extensive in auditing, accounting, and advisory services to family-owned businesses. He is also a highly regarded consultant in cases involving accountant’s malpractice.

Haig lectures nationally in the areas of auditing, accounting, compilation and review services, personal financial statements, forecasts and projections, and personal financial planning.