The Journal Entry - July 2020

JULY 2020

THE

JOURNAL ENTRY

The Centennial Issue uacpa.org the journal entry | July 2020

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Mission,Vision,Values Mission The UACPA leadership supports and challenges members through advocacy, professional education, leadership development, networking, and community service to help them succeed in a competitive and changing world.

ExecutiveBoard

president...................................................... Jay Niederhauser president-elect.................................................. Stacy Weight vice president................................................... Ray Langhaim treasurer.........................................Aubrey Bickmore Neeley

secretary............................................................ Troy Runnells member-at-large.................................................. Nate Staheli member-at-large.................................................Katrina Baird

Vision

emerging professionals............................... Katie Chandler

At the UACPA, our vision is to be a world-class professional association essential to our members.

aicpa council........................................................... Paul Skeen

We unite a vibrant community of CPAs to enhance the success of our members and champion the values of the profession; integrity, competency, and objectivity.

immediate past president...........................Monica Gardner ceo.......................................................................... Susan Speirs

UACPAStaff

ceo.......................................................................... Susan Speirs

Values

communications/marketing and

Advocacy

cpe manager.......................................................April Deneault

The UACPA represents the profession at the legislature and other regulatory bodies and promotes the value of the CPA to employers, the business community, and the public at large.

editor of the journal entry......................... Amy Spencer financial director...................................................Tom Horn membership development................................Tyler Hodges

Leadership & Service The UACPA provides leadership and service within the profession, within the UACPA, and within the community.

Professional Development The UACPA supports and encourages continuing education and leadership development.

Professional Community The UACPA reinforces peer accountability to encourage members to maintain integrity and high ethical standards. ​​It provides member-to-member networking opportunities and networking opportunities with other professions. It values belonging to a distinguished organization and believes that we serve as the primary resource and point of contact for Utah CPAs.

Diverse Population Outreach The UACPA believes in reaching out to under-represented populations, those returning to the profession or choosing it as a second career, and other professions.

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The Journal Entry is published quarterly by the UACPA 136 S. Main Street, Suite 510 Salt Lake City, UT 84101 phone: 801-466-8022 toll-free in Utah: 1-800-676-2776 email: mail@uacpa.org web: uacpa.org

UACPA Statement of Policy CPAs have common problems and interests. This magazine has been created to share information relating to the practice of accounting. The opinions, views and articles expressed in this magazine are not necessarily those of the Utah Association of Certified Public Accountants. This magazine should not be deemed an endorsement by the UACPA or its committees or editorial staff of any views, opinions or positions contained herein. Because of the complexity of tax laws and accounting transactions and the changing status of the law, as well as variations in practices and procedures among accountants, information in the magazine should not be used, acted or relied upon as a substitute for independent accounting or legal research and advice.

Contents July 2020

New Members.......................................................................................... 4 CEO's Message........................................................................................ 6

Timeline

Highlights from 100 Years

President's Message............................................................................... 7 Meet the Centennial Committee.......................................................... 8 Celebrating with Social Distancing...................................................... 8 Uncertain Times...................................................................................... 9

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UACPA Timeline..................................................................................... 10 UACPA Chapters.................................................................................... 25 Membership By the Numbers ............................................................ 26

Women's CPA Auxiliary

Ladies Lead With the Auxiliary 20

Leadership Academy

Building a Legacy of Leadership

19

The seven locations of the UACPA ................................................... 27 The Women's Auxiliary......................................................................... 28 The Trusted Team ................................................................................ 32 Memories and Photos.......................................................................... 34 Office Supplies Over the Ages............................................................. 38 Lifetime Members................................................................................. 42 Comic: Generally Excepted.................................................................. 44 History of CPE........................................................................................ 46 History of The Journal Entry............................................................... 48 Leadership Academy............................................................................ 50 Legislative Update ................................................................................ 52 History of the Utah CPA PAC............................................................... 54

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Utah CPA Foundation........................................................................... 57 Meet the Executive Board at home edition ..................................... 58 Meet the Staff at home edition .......................................................... 60 Centennial Week of Service................................................................. 62 Centennial Fun....................................................................................... 63 CPE Schedule......................................................................................... 68 Member Benefits/100% Firms............................................................ 70 the journal entry | July 2020

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NEW MEMBERS Congratulations to the following individuals who were approved for membership or affiliate status in the UACPA as of May 31, 2020.

Kendra Christensen KFC CONSULTING AND ADVISORY Matthew Schaefermeyer Standard Optical Terry Lloyd FSG Carter Wright Haynie & Company Kayla Datwyler Tanner LLC Louise Hartford Eide Bailly LLP Brett Mecham The Church of Jesus Christ of Latter-day Saints Brittley Eldredge KPMG LLP Russell Sundquist Salt Lake City Corporation Michelle Arbon Church of Jesus Christ of Latter-day Saints Caryn Thacker Thacker Accounting & Tax LLC Steve Broadhead Broadhead CPA

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Cassondra Scott John Christensen Tax Advice USA, LLC Matthew Pickerd Church of Jesus Christ of Latter-day Saints Rudy Livingston Utah County Government Keith Vincent Keith M. Vincent, CPA Marcie Handy Spencer Brown BOSS Retirement Solutions Alexa Rauser MX Technologies Inc

STUDENTS

Brigham Young University Christina Corbitt Jeremy Hancock Jonathan Meyers Dallin Miller David Farley Brett LaBonte Dane Hansen Alan Bollinger Everest College Victoria Loudy Independence University Heather Stahl

the journal entry | July 2020

Southern Utah University Mei Huang Stevens Henager Myrannda Cross Danielle Briese University of Phoenix Sean M Williford University of Utah Brandon Tempest Xin Thayne Daniel Kloosterboer Jacie Gillett Lirio Sanchez Utah Valley University Austin Harvey Joseph Leiva Cole Gordon Juli Gibson Steven Stolle Hyrum Portlock Mariah Cordera Lautaro Buiatti Jacob Clement Joseph Stout Parker Roberts Weber State University Gretchen Sitterud Caleb Johnson Andres Rodriguez Anna Greenwood Asi Slade Samantha Costello

Western Governors University Kayla Allen Jonathan Hansen Brian Hastings Vanessa Ellis Brittany Munday Kaylee Gordon Scott Eckert Amanda Murphy Kathryn Walker Jamie Brown Christina Hill Michele Grace Jose Flores Jasmine Smith-Soto LaDonna Loy Helen Lack Michelle Christiansen Andrew Strobel TRANG FLANAGAN Albert Schellenberg Jae Moss Jessica McCalip Bruce Quayle David Levine Laurie Mazzella Melissa Midgley Connie LeCompte Danielle McKee Lindsey Cain Kenneth Ouma Rachael Nolan Jessica McCullough David Robinson Thomas Terbecki April Quinn

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CEO'S MESSAGE

Susan Speirs, CPA

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istorical records have been found in ancient civilizations that indicate rulers of the Roman, Egyptian and Greek empires kept accounting records for taxing and spending on public works in 2500 B.C. The Egyptians are credited with inventing the first bead and wire abacus.

Fast forward to 423 B.C. and the auditing profession was born. Accountants were hired to double check what was going in and out of storehouses. The reports were given orally, hence the name “auditor.”

How could we forget the father of accounting, Luca Pacioli? In 1494, he revealed in his famous paper “Everything about Arithmetic, Geometry and Proportion” that merchants kept books of debits, meaning “he owes,” as well as credits, meaning “he trusts.” With this simple double entry record-keeping system, the development of balance global economy. Our CPA members are often found sitting on boards of small, medium and large for-profit sheets and income statements came. and non-profit entities, as well as governmental agencies throughout the state.

Fast forward to the Industrial Revolution. Accounting, as a profession, really took off as industrial companies sought to gain financing and maintain efficiency through Over the last 100-plus days, as we’ve continued navigate operations. In 1887, the first accounting organization was the COVID-19 pandemic, our CPA community has been formed in New York and the professional license of Certi- integral to help businesses navigate the PPP (Paycheck Protection Program) applications as well as provide necfied Public Accountant followed in 1896. essary input to our Treasury and Small Business Administration for the forgiveness process. Our CPA members As with most professional licenses, there is a related have been on the front lines as we’ve worked with our membership organization that provides for the needs of state to responsibly reopen for business. We are grateful the licensee. In July 1920, the Utah Association of Certito those who we’ve called on to provide insights, policy fied Public Accountants was organized. Utah had only a opinions, and presentations during this fragile time. handful of CPAs in 1920; 100 years later we have more While the last 100 days may feel like 100 years, rest asthan 5,000 CPAs in the state of Utah. sured that the next 100 years in the accounting profession CPAs are integral to the wellbeing of our economy as we will prove to be dynamic as we nimbly shift into a new play an active role in helping businesses develop models paradigm. that will help them thrive financially. Our role as CPAs Happy Birthday, UACPA! n spans from issuing audits and other reports to third parties, tax strategies and annual tax filings to implementing strategies so that organizations can grow into long-term viable entities that contribute to our state, national and 6

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PRESIDENT'S MESSAGE

Jay Niederhauser, CPA

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s we celebrate the first 100 years of our professional association, we have speculated much about what things must have been like 100 years ago. As we reminisce about the many changes that we have seen over the course of our professional careers, have we contemplated what things will be like over the next 100 years?

As I look back over the 40-plus years since I began my career at Ernst & Ernst, I marvel at the changes that have taken place in the way we do our work. Back in the day, when the critical tools of our profession included tape, a stapler, and a metal ruler used to tear paper, and everything was done on Yellow Dog (8-½ ”x 14” yellow lined paper), struggling to comprehend the concept of mobile phones!

Green Dog (8-½" x 14” four-column green paper), and fold-out multi-column green paper, it was hard to envision I recently perused a copy of the 75-year anniversary edihow quickly things would change. tion of The Journal Entry issued in 1995. It was fascinating to read an article of “The Next 75 Years” by Jeannie Patton, I remember, distinctly, a conversation early in my career then Executive Director of the UACPA. I was intrigued by where it was speculated that someday we would each have things that were new technology and still not widely-used a computer on our desk. I remember thinking (or even at the time according to Jeannie’s article, such as e-mail, saying out loud), “What on earth for?” I could not even interactive training, CD-ROM, video conferencing, and visualize what I would do with a computer on my desk! Of electronic marketing, all of which are considered to be course, now that we have computers, we could not function obsolete or old technology a short 25 years later. without them! My career has spanned the times from when we actually filled out IRS tax forms by hand, to completing So, what will our profession look like 40, 50, or even 100 input forms and sending them off to a service bureau to years from now? Many of you that are much younger and process the tax returns, to a time where we have electronic more visionary than I am may have some ideas. However, I access to the tax returns and can make changes instantly or am sure that there are many things that will exist that even model various scenarios with the click of a button. We have you cannot envision. Even though the tools, processes, and seen our tax libraries of hundreds of volumes of printed technologies will change dramatically, the one thing that I material disappear and be replaced by access to unlimited am confident will not change is the reputation of indepenelectronic information with electronic search capabilities. dence and integrity, and role of trusted advisor that define Accounting systems have become much more automated our profession. One thing of which I am fairly confident is and audit practices and procedures have been modified that none of us will be there for the bicentennial celebrato take advantage of the technology. A relatively short 40 tion of the UACPA. What legacy will we leave for those years ago, we could not have begun to visualize the Interthat will follow? What will they be saying about us 100 net, artificial intelligence, blockchain, cryptocurrency or years from now? n other concepts commonly used today. At the time, we were the journal entry | July 2020

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MEET THE CENTENNIAL COMMITTEE

What Is Getting You Through the Pandemic?

Mark Palmer - Chair I have started projects at home (organizing and cleaning the basement) that I hadn't started.

Rob Anderson - Secretary A lot of bike riding and also creating silly videos with my children.

James Bean We have been able to get caught up on many projects around our home, and move two of our children and their families. The projects included; reorganizing the basement, remodeling rooms, repairing furniture, working on hobbies, planting the garden, beautifying the yard, and making things for the grandchildren. I was also able to get in good long walks.

Karen Halladay Things I've tried (and like) during quarantine - Zooming with family, friends and colleagues; livestreaming exercise classes; and trying different restaurants on takeout night.

Hollie Andrus My garden has NEVER looked better. I've enjoyed the great weather and have spent more time outside--in my yard and exercising. At least it wasn't snowing a lot during quarantine!

Gavin Hutchinson What I have learned during the quarantine time is that often there is no obvious answer to some of the hardest decisions that we are required to make.

Susan Speirs What better hobby to start when you’re cooped up than to raise chickens? Having wanted chickens to eat bugs and for our garden for years, COVID-19 provided the perfect reason to buy a chicken coop as a diversion and for the grandkids.

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Celebrating in 2020

How to Commemorate 100 Years in a Time of Social Distancing Many of the UACPA centennial events were intended to be celebrated together, like any good 3,000-strong membership organization would have them. But things have changed. Because you only turn 100 once, we have come up with some ways you can celebrate from a comfortable social distance.

CENTENNIAL PIN

Every member of the UACPA gets a pin to commemorate the year. If you have not picked up your pin in person, you can submit a form online to have it sent to you. Visit uacpa.org/pin

PARTY IN A BOX

Just add cake! This package was created for firms who will celebrate with their own staffs and share a picture with us. This box comes with a centennial pin for each of your UACPA members, an assortment of UACPA branded goodies and party favors. Boxes will be shipped from our office every Friday through September. Visit uacpa.org/ partybox

SOCIAL MEDIA

Show your CPA pride by using the #UACPA100 on social media.

TIME CAPSULE

Help us mark this time by donating an artifact that future generations can connect to the world we are in now. We are contributing our UACPA face masks and sanitizer and we invite you to bring a newspaper clipping, a printout of your favorite meme, or a roll of toilet paper (if you can spare one). We will be opening the time capsule in 2045.

CELEBRATING IN UNCERTAIN TIMES

DESPITE THE CHALLENGES, WE ARE STILL CELEBRATING

By Amy Spencer, UACPA Communications Manager

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t is a special year for the UACPA and it is quite possibly the strangest year the association has ever experienced.

The UACPA has overcome its share of obstacles ranging from the Enron scandal, Y2K and Sept. 11 terrorist attacks. Although I don't recall the world at those times, social distancing, schools and businesses closing and the government directives to stay at home were not part of those times.

For those reading this in the future, the weirdness started early in the year and we believed the coronavirus was only in China. Eventually the term “pandemic” was introduced and, although we stayed optimistic, we found ourselves moving to home offices by mid-March as our work environment was no longer considered safe. Shoppers cleared the shelves of hand sanitizer, cleaning products, toilet paper and bottled water as we prepared ourselves to shelter in place for the unforeseeable future.

On March 18, Utah had it’s largest earthquake in 30 years – a 5.7 magnitude. The following few weeks were filled with aftershocks, which were terrifying, but also overshadowed by the growing number of deaths and soaring numbers of this new disease.

In May, Utah businesses reopened in a phased approach and socializing resumed, but only in small groups. Then on May 25, a black man named George Floyd was killed during an arrest in Minneapolis, Minnesota. The video of the police officer kneeling on his neck triggered weeks of protests around the world. While most protests were peaceful, there was violence, looting and large groups of demonstrators coming together in a world with a highly contagious disease.

Although the world is still in chaos and we never get an accurate picture of things looking better or looking worse, the UACPA staff have been operating at the most normal way we can. The centennial committee has continued to meet and show how adaptable and resilient we are. The 100 year celebration is not canceled.

Looking back at the article that James Bean wrote for the January 2020 issue, het covered what was happening in 1920 – the Spanish Flu, prohibition, World War I, transportation and technology. It’s uncanny how history repeats itself.

I hope that in 100 years, the UACPA is still around and the members and staff can reflect on 2020 and see how far they have come in that time. n

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100 Years of the UACPA 1920

Charter members met July 8 at the Commercial Club in Salt Lake City for the purpose of forming a state association of certified accountants. They included: R. G. Abbey, President; Lincoln G. Kelly, Vice President; B. F. Reeves, Secretary/Treasurer; Percy Goddard, W. A. Beesley, D. A. Swan, R G. Worsley, F. S. Forman,RJ. Deighton, H. L. James, Seymour Wells, Ashby Thatcher, Parley Peterson, and W.J. Bateman.

The objects of the Association shall be to raise the standard of public accountancy as a profession, to advance and safeguard the interests of the members of the association, and to promote harmony and cordiality among them.

1923

1938

First UACPA Publicity Committee appointed to prepare a pamphlet promoting the CPA profession.

UACPA hosts First Claire Haines, first woman CPA in Utah and

regional convention of

first female member admitted to the UACPA,

CPAs held in the U.S. and

issued certificate number 24.

pioneers the organization of the Mountain States

Christian Mathias Christensen, first candidate to take the American Institute's exam in Utah, passed with the highest grade in the nation.

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1930

Conference under the direction of UACPA President, C. I. Fox.

Dues increased from $10 to $12 per person.

1955

Lewis H. Lloyd, Director of Research for the Utah Legislative

1947

Council, commended for his contribution in formulating a system of integrating state

Utah County Chapter launched

teacher retirement with federal

in Provo with Harold D.

social security to increase

Robbins, local manager for

retirement benefits at a reduced

Bunker, Tanner, and Garrell as

cost to the state.

president.

44 of 48 states were giving the Institute's CPA examination twice

Dr. William Z. Terry recognized

yearly.

by Ogden Chapter as oldest

UACPA Ladies Auxiliary formed with the following committee

1953

living Utah CPA at 83; received certificate number 59 in 1929.

appointed: Mrs. Lance P. Bowen, Chairman; Mrs. C. I. Fox, Mrs. Willard Smith, and Mrs. Paul Tanner.

UACPA Constitution amended to provide for a President,

1948

UACPA hosts Mountain States

Vice President, Secretary/

Conference of CPAs for third

Treasurer, and Executive

time with Governor Bracken

Secretary with three advisory

Lee welcoming 400 delegates

council members serving

from seven states at the Hotel

rotating terms.

Ogden chapter organized

Utah; Charles Griffin was

Career film available for

as a round table group.

chairman.

presentations to high school

1956

students.

Cloyd E. Wangsgard appointed

Bylaws amended to

Executive Secretary of the

provide for a president-

Association.

vice presidents.

.

1954

elect and three regional

Wilma F. Otterbein, Utah's second female CPA, passes the May exam.

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Beta Alpha Psi organized at BYU with Special $3 assessment

1957

Testimonial banquet honoring

K. Fred Skousen as president.

to the membership for

Lincoln G. Kelly for his contributions

engraving CPAdirectory,

to the business and professional

Awards and Scholarship Committee

first permanent photograph

life of the community and UACPA

begins the UACPA Educational

"Achievement Award" presented by

Foundation and grants first awards at

President-elect Gordon Miller.

the annual meeting on Sept. 10 and

directory published in looseleaf form, under direction of August

11.

Glissmeyer, Jr. Public relations activities included The Utah CPA Newsletter introduced as

members on KSL "Public Pulse,"

a more frequent communication vehicle,

PSAs on radio stations, tax

since the regular newsletter was only

programs on KUED, and

published a few times per year.

speakers bureau.

New Public Accountancy

1965

Act increases education requirement to a baccalaureate degree with a major in accounting

Three ladies auxiliaries organized

or equivalent. Experience

in Central, Northern, and Southern

requirement two years with a CPA

Chapters. Mrs. Bertell Bunker elected president of the Central

1960

firm or one year if applicant holds a master’s degree in accounting or

Chapter Auxiliary.

business administration.

On January 11, a charter was granted by the American Society of Women Accountants forming the Utah

1959

Chapter. The A.S.W.A. offers membership to women actively engaged in the accounting profession to advance interestein all accounting fields.

New dues schedule: $10 nonresident; residents $16

Special dinner held in honor of

with certificate less than 5 years; $20 with certificate

Percy Goddard's 50 years of

5-10 years; $25 with certificate over 10 years.

service to the profession.

$10 initiation fee.

Professional Conduct Committee determined window signs for CPAs should be solely for the purpose of enabling interested parties to locate their office and should be in good taste and modest in size.

1964 12

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Utah one of 34 states making the Honor Roll with 25% or more of its members participating in AICPA professional development courses.

1969

New dues: $10 retired members, $26 educators and government employees, $26 with certificate 5 years or less, $31 with certificate 6-10 years, $36 with certificate more than 10 years.

Officers are elected at the business meeting during the

Professional Practice Committee organized to offer

annual meeting at the Salt Palace

technical assistance to UACPA members in private practice.

Fred Wunderli, UACPA president, reported the accounting profession had passed another milestone when Arthur Andersen & Co. published a financial report for the first time and suggested this voluntary disclosure would set a new trend.

1973

25 candidates successfully passed the CPA exam in

Bountiful Chapter CPA Auxiliary formed with

November.

Mrs. William G. McFarland (standing) as president.

1967

1970

Cloyd Wangsgard approved as director of the UACPA professional development program to be compensated at the rate of $2 per registrant.

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Ellsworth Brunson received Moun-

Billboards advertising CPAs dis­played in Salt

tain States Conference of CPAs

Lake, Ogden, and Provo with signs on Utah Transit

Outstanding Service Award.

buses to increase public awareness of CPAs as tax

Executive Committee approved a

advisers.

Political Action Committee (PAC) to obtain contributions from Utah CPAs

Dues increased $15 to be used for public relations

to assist legislative campaigns.

programs.

Annual Meeting held in St. George UT

Francie Whitehead named full-time

1976

Francie Whitehead retires and Barbara Gardner takes over as the Executive Director

Executive Director of the Association.

1974

1978

UACPA opens its first office at 201 Judge Building with office furniture donated

by Touche Ross.

Speakers Bureau started by the UACPA

1977

Committee on cooperation with other professional groups.

Annual Meeting held in Hawaii

Joint ethics enforcement program between the AlCPA and state societies implemented; Regional Trial Board members included Frank Gardner, Chairman, with Warren Anderson, Jack Cushman, August Glissmeyer, Jr., and Fred T. Wunderli as members.

1975 14

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First group health insurance program adopted for UACPA

UACPA office moved to 660 South 200 East.

members through New York

1982

The annual meeting was held in Hawaii, June 21 - July 1

Life Insurance Company.

UACPA publishes first CPE Catalog in lieu of listing

1980

20% CPE Season Discount

courses in the Western

Program introduced.

States CPE catalog.

First Leadership and Committee Day held.

1984

Ladies Auxiliary disbanded.

Uintah Basin Chapter formed with Robert Foley as president.

Jeannie Patton hired as Executive Director and Donna

1979

1981

Salter as CPE Coordinator.

Public Accountants Licensing Act

1983

passed with new CPE requirement for licensure; education requirement increased to bachelor's

UACPA office moved to

New technical standards defining "compila-

degree with a major in accounting

669 South 200 East

tion and review" go into effect to help CPAs

as of 1983 and a bachelor's degree

meet the special accounting and financial re-

plus 30 additional semester hours

First orientation breakfast held for

porting needs of smaller, private businesses.

as of 1986.

new CPAs who passed the exam sponsored by the Young CPAs Com-

UACPA designated exclusive distributor of AICPA in-house CPE materials in Utah.

Color Country Chapter organized

mittee.

with Rick Adams as president.

June 27, 28 and 29: Annual Meeting at

Future Issues Conference organized

Hotel Utah with two days of meetings and a

by Long Range Planning Committee.

recreation day that includes golf, tennis and a

Board supports the additional 30

banquet that evening.

hours education requirement.

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First major PR campaign, "Ask a CPA and Be Sure," created by

AICPA Code of Ethics allows CPAs to

Zabriskie & Associates, promotes the UACPA and profession with

take commissions or contingent fees

ads and radio spots.

from clients for whom they do not perform audit, review or compilation

CPE reporting period changed to a calendar year for 1986-88

services and examinations of

license renewal period.

prospective financial statements.

Membership Committee develops new brochure; the Task Force

UACPA provides Tax Form Service.

on Professional Liability holds "CPA Liability Exposure" conference.

1988

Board grants life membership to CPA Poll published in newsletter to obtain

retired members who meet criteria.

members perspectives on issues affecting

1986

our state and nation with results released to news media for publicity.

UACPA sponsors a 10K (1040K) and 1 mile (1040EZ) race at Sugarhouse Park; pre-race party

UACPA Educational Foundation awards five special centennial scholarships of $1,500 each.

helped taxpayers file extensions and answer questions in Sheraton Hotel lobby with extensions run to the Post Office by CPAs dressed in shirts, ties, running shorts and shoes; proceeds donated

1987

Board approves credit cards for CPE registrations and annual dues payments.

to Camp Kostopolous.

Members vote on AICPA Plan to Restructure which

1985

First single slate election held with Robert

passed with 1,326 Utah CPAs voting; revised Code of

V. Stevens elected President

Ethics, required CPE for practicing and nonpracticing members, quality review, adopted 150-hour educational

All living UACPA past presidents honored

requirement and restructured the Trial Board.

at annual business meeting.

First female elected UACPA president; Lynne S. Wilhelmsen.

Governor Bangerter declares August 16-22 as CPA Week during the AICPA's 100 Year celebration.

UACPA Tax Tracks 5K Run in City Creek Canyon celebrates AICPA centennial with tax season blood pressure checks at ZCMI Center and a birthday party at Hotel Utah.

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1990

New CPA Licensing Act passed requires

First Educators Conference held at University of Utah

quality review for license renewal in 1991,

chaired by Dr. Larzette Hale.

CPE for certificate holders and licensees, and no new certificates issued after April.

UACPA bylaws amended to create organizational structure focusing on functional areas of operation.

Briefcase Brigade returns to the St. Patrick's Day Parade

Established Family Leave and Education Leave categories

with 32 members wearing

for members.

business suits, tennis shoes, Established Candidate for Admission Status for individuals

green eyeshades and bow ties.

who have passed the CPA exam and are working toward

1992

completion of the experience requirement.

UACPA holds a tax call-in line with KUTV.

UACPA offices move to 455 E.

The second annual Educators

400 South.

Conference features Gov. Mike Leavitt.

UACPA Briefcase Brigade marches in the SL Patrick's Day

1991

Parade; entry tied for first place

The Utah State Tax Commission seeks

and received good publicity.

1989

UACPA Membership reaches 2,000.

feedback from UACPA members Summer Update initiated and

regarding their Utah State

Davis County Chapter

combined with Annual Business

income tax booklets

merged with Downtown

Meeting and Awards Luncheon.

Chapter.

Annual meeting and awards Utah Limited Liability Company

luncheon is held June 18.

1993

Act passed by the legislature.

UACPA gets a toll free number, 1-800-676-ASSN(2776) Showcase Golf Tournament sponsored by Public Relations Committee; became a charity tournament in 1993 for Travelers Aid Society Shelter and St. Vincent dePaul Center.

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UACPA begins administration of Quality Review Program for members not enrolled in the AICPA program.

1996

1994

Paperless Tax Returns are

UACPA revamped member

announced with TeleFile,

and accounting database to

the IRS file-by-phone program.

have a more simplified system. “Over the next three to five year,

Banks and credit unions are

we expect to convert many

entering the technology craze

of our printed materials to an

with online banking services in

electronic format.�

a trend toward fewer live teller transactions.

The National First UACPA website is launched.

Barry Melancon becomes

Vision Project

AICPA President (l-r)

outlined

Public Issues Task Force is

Barry Melancon, Ron

challenges facing

formed

Cohen, Craig Omer, Robert

the profession.

Medwisk UACPA Annual business Meeting and Awards Luncheon is on June 16 at the Salt Lake Hilton

1995

Chapter formed for Park City and Summit UACPA produces 75th

County by Mark Howell

anniversary video and celebrates its anniversary

Board reorganized the UACPA educational

with Jon Huntsman, Jr. as

at the Homestead Resort

services. Revised structure put the

the speaker addressing business

with a golf tournament,

Board Education Director to oversee the

in the next 75 years.

live music, dancing and

Educational Services Committee (formerly

a casino night; Governor

CPE Council) and a new Conference

The UACPA creates a speakers

Leavitt proclaims July

bureau and invites members

9-15 as CPA Week.

who enjoy public speaking to be a part of it.

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Oversight Committee to plan UACPA

1997

committee sponsored conferences.

The UACPA staff get email.

MBA program launches with Utah State University.

Adoption of the Utah Accountancy Practice Act (“Act”) on the last day of the 2000 Legislative Session. This bill amended Non-CPA ownership.

Utah CPA Education Foundation Raises $40,000.

Online Membership Directory and CPA Referral Service launches

1998

The Utah CPA Foundation was revamped

Emerging CPA committee was formed to meet the needs of

to help encourage students to enter the

those entering the profession.

accounting profession.

The UACPA introduce “Book of The UACPA Cruise Task Force planned a

the Month” Club. The first

7-day Alaskan Cruise June 20 – 27.

The UACPA moves to Morris Ave.

book session was Nov.

2000

UACPA Y2K Task Force is formed and Y2K Toolkit and hands-on workshops are

21 where members brought a brown bag lunch and discussed “True Professionalism”

by David H. Maister.

available

Bylaw Revision Ballot was sent to members outlining the challenges facing the profession.

Leadership Council was formed, consisting of the

1999

Executive Board, Chapter Presidents, Committee Group Coaches, Committee Chairs, Immediate Pas President and most UACPA committees and task forces.

Unauthorized Practice of Law (UPL) task force was created following the legislature’s mistaken

Ken Cutler becomes the strategic planning director and also

repeal of Utah Code SS78-51-25 prohibiting the

becomes the Chair of the Trustees for the Utah CPA Foundation

unauthorized practice of law.

Barry Melancon visits Utah for summer update.

The Practice Advisory Council was created to support and address the needs of CPAs in

“The UACPA Career and Family Issues committee was formed to serve the other members of the UACPA. The goal is evidenced by our mission statement: Enhancing UACPA members’ quality of life through career and family balance. Monthly topic, elder care.

2001

public practice.

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The Enron scandal leads to per-

The Uniform CPA Examination moves to being

ceived failure of the accounting

computerized and its testing process changed to

profession.

K-to-12 committee is created to

2004

reflect the current skill sets required to be successful in the business community and protect the public interest.

focus on educating youth about a career as a CPA. The University Relations Com-

A Computer-based CPA Exam is launched on April 5.

mittee formed to work with faculty at the universities.

UACPA Past Presidents reunite to connect and discuss the PCAOB.

New initiatives include the CPAs in Business & Management (BAM) conference and the

K-12 Committee is highly active with high schools,

Blue Ribbon Task Force led by Charlie John-

colleges and emerging CPAs.

son and 60 members discussing the CPA Profession’s Future. The Special Member Task Force (SMTF) was formed and

2002

Sole to Sole Committee is created to have round table discussions to support sole practitioners.

headed by Troy Lewis.

UACPA Leadership Council spends a day on the hill Winter Conference speakers were Tom Hood, Kelly Matthews and Carole Mikita, co-

on July 14 with Gov. Olene Walker ahead of her unveiling of her tax plan on Aug. 18.

anchor of “Eyewitness News at 6:30 and part of the Channel 5 news team.

The “Can We Talk” series was brought together different segments of membership

2003

-- Sole practitioners, national/local firms, business and management, government, education – to better understand needs and to let them know what types of issues and services the association is addressing.

"Stand up and Do the Right Thing©" was distributed to members following the

2005

The Financial Literacy Task Force is formed.

2002 member summit.

New Website unveiled on March 31.

CPA Ambassador Program provides is led by the AICPA to help 15 select members in speaking and message training as they venture into the community.

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2006

Emerging CPAs Committee

New logo and website is launched on January 1. UACPA Podcasts

becomes ProNet Council

are also launched with national tax experts Lynn Nichols, CPA and Michael Mares, CPA/ABV, J.D. doing weekly federal tax updates.

Financial Literacy committee launch Financial Wellne$$ Wednesday

Jeannie Patton Leaves the UACPA in the summer of 2008.

Series.

Michelle McGaughey becomes the new UACPA CEO. Campus Ambassador program is launched to provide students a

Utah becomes the third state to pass CPA mobility.

resource for questions about the profession, promote the profession

Susan Speirs and Susan Lister provide training to

and the UACPA through outreach to university students.

UACPA joins in the national Feed the PIG PSA campaign featuring Benjamin Banks as the mascot.

members to lead 6-week financial literacy programs

2008

through the Veretan’s Administration, Salvation Army and other community organizations.

First CPA inauguration held to welcome new exam

passers and newly licensed CPAs into the profession.

Utah CPA Foundation celebrates 10 years with contributions supporting the funding of the

2007 Progress is made on CPA Mobility in Utah.

Financial Literacy Task Force and the activities of the ProNet Council.

2009

The annual meeting returns - the last meeting was in 1990 - and held at the Grand America.

UACPA Membership Survey guides the Strategic Planning Task Force in redefining the UACPA

Benjamin Banks throws

mission and core values to define a vision,

the first pitch at the Salt

engage stakeholders, analyze and debate

Lake Bee's game in August

current and future strategies, tactics, initiatives

at the UACPA night at the

and programs. Additionally, it provides guidance

ball park.

to councils, committees and chapters to agree upon a clear and meaningful governance structure that adds value to the UACPA and measuring success.

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2012

Leadership Academy and University of Utah accounting students assembled 20 bicycles for Guadalupe Schools.

UACPA Week was held Aug. 21 – 24 with a golf

2010

tournament, annual meeting and awards luncheon and inauguration.

Utah CPA Foundation breakfast

2011

kicks off a major fundraising

The UACPA endorses Auston Johnson, CPA

campaign with new initiatives.

for Utah State Auditor.

Four- and six-week courses — “The

Financial Ready Utah is established as

Money Game Rules & Strategies

part of the UACPA and is kicked off with a

for Winning” — were put on by the

Financial Ready Utah Spring Seminar and

Financial Literacy Task Force.

bill signing with Gov. Gary Herbert.

The first Leadership Academy is held in

UACPA Week is Aug. 20 – 23 with an

September in Deer Valley and led by Tom Hood.

open house at the new offices in the

Fourth annual Utah Accounting Student Conference was held at University of Utah.

2013

Redman Building on Aug. 20, a golf tournament at Soldier Hollow in Midway on Aug. 21 and a Member Summit and Awards Banquet on Aug. 23.

CPE Strategic Planning Task Force was formed to stay ahead of changing CPE needs and formats.

Summit on Women in the CPA Profession in Utah held on May 30 at Pierpont Place.

UACPA participates in the 2nd annual young professionals networking event with Young

Susan Speirs became the CEO

Lawyers Division and the Young Finance

of the UACPA

Professionals at Zions Bank Building in November.

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The UACPA partners with KSL for the Tax Tips series — ten weeks of tips to promote the value of a CPA. Operations Procedures for the Strategic Plan is unveiled

2014

Discussed joint venture w/ AICPA and CIMA at Tax Treat program begins with tax season care kits delivered to firms.

2016

Leadership Council.

Cedar Breaks Chapter is formed.

100% Membership Program is launched UACPA participates in a combined Meet & Mingle Immediate past president Kent Thomas

with members of the Utah Nonprofit Association

leads the Ethics Committee to address issues that DOPL via our State Board of

UACPA launches Utah Law and Rules class to fulfil the

Accountancy.

new requirement

Lobbyists Craig and Ryan Peterson (later joined by Dave Peterson) begin quarterly legislative updates for members.

Launched BAM Forum with tours to businesses with a speaker and lunch.

2015

New UACPA Website and Membership Management program are launched.

Moved to the Kearns Building at 136 S. Main Street.

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2018

Leadership Academy 2.0 is held for past attendees AWSCPA closes on Oct. 31, 2017. UACPA develops a new initiative, the Women’s Development and Advancement Council (DAC).

DOPL’s has mandatory online CPE reporting system.

CPE reporting period is extended to Dec. 31, 2018 to align licensure renewal and reporting to take place at the same time. Now license expiration shifts to December 31 of even years.

Partnered with Money Making Sense Podcast on KSL Utah Laws & Rules and ethics became a required for CPE reporting

Unveiled the UACPA Logo at awards

Utah CPAs Val Oveson and Troy Lewis served on AICPA

2017

tax professionals group working to improve IRS Service Quality

2019

and inauguration banquet

CPA Day on the Hill features a tour of the capitol and presentation from state auditor John Dougall

The Lecture Series was launched and features CPE for a mix of live and online audience Held and attended discussions regarding tax reform throughout the state

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CHAPTERS

CPAS LEARN AND NETWORK IN THEIR GEOGRAPHIC AREAS

W

hile we know that the UACPA's newest chapter was formed in 2016 (Cedar Breaks), the history of most other chapters is unclear.

The earliest records of chapters is based on the Ladies Auxillary. In 1957 they organized with Central, Northern, and Southern Chapters.

It appears that these groups may have also served as the chapters their husbands would have used for meeting within their geographic groups. In 1970, a Bountiful Chapter CPA Auxiliary formed. With the Ladies Auxilary disbanding before 1980, there is a gap in if chapter meetings completely disappeared or if they reorganized without the ladies.

Currently there are eight UACPA chapters and many continue to go strong. These geographicly empowered groups get annual visits from the UACPA leadership and are able to network.

No matter the history, we honor the work you are doing to participate in strengthening your communities by coming together as the profession. n

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By the

NUMBERS

MEMBERSHIP men

women

3000

2500

2000

1500

1000

500

0

In 1920, 13 CPAs formed the UACPA. Today there are 2,805 members, not including students.

In the 2000s, membership grew as students would have a membership category.

MEMBERSHIP BY YEAR 1947 102

1986 1,667

1953 184

1987 1,733

1958 256

1991 1,930

1960 272

1995 2,115

1962 304

1999 2,305

1963 344

2004 2,345

1964 358

2005 2,389

1968 314

2015 2,620

1973 585

2016 2,696

1977 711

2020 2,805

1985 1,454

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PUTTING UACPA ON THE MAP OUR OFFICES HAVE MADE SOME MOVES

I

n the early years, UACPA members would meet after hours in their offices or, for larger gatherings, at Hotel Utah (now the Joseph Smith Building).

For many years, the organization thrived without a set location.

As membership grew, the need to have one permanent place to store documents became imperative. In 1975, the UACPA opened in the Judge Building on the corner of Main Street and 300 South with office furniture donated by Touche Ross.

For more than a decade, this space perfectly met the needs of our membership organization. Not only was this space used for classes and board meetings, it became a place for strategic planning meetings and Leadership Council events.

As online CPE grew, live class attendance began to dwindle and the large space was no longer necessary.

In 2013, the UACPA moved to a significantly smaller space in Sugar House in the Redman Building.

By 1980, the UACPA office moved to Accessability to this location was 660 S. 200 East. Then in 1983, it moved challenging due to heavy traffic in the to 669 S. 200 East. area and insufficient parking. When the opportunity to let our neighbors As CPE had become a requirement take over the lease came up, the and classes were being held on a UACPA jumped at the opportunity to regular basis, the UACPA offices find the right space. moved to 455 E. 400 South in 1989 with an education center opening a few With the UACPA now headquartered years later in 1993. in the historic Kearns Building, it comes as no surprise that some of the Only a few years later, the class sizes UACPA meetings in 1920 were held in were growing and space was needed to this very space. accommodate. The opportunity have a space where offices were combined Celebrating 100 years in the space with a learning center came in 1998. where it started is a reminder that we The UACPA then moved to 220 E. are not so different than we were that Morris Avenue in South Salt Lake. many years ago. n From the top: The Judge building in downtown Salt Lake served as the first office of the UACPA in 1975; the Redman Building in Sugar House was home to the UACPA for only two years; The Kearns building is the current home of the association.

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THE WOMEN'S AUXILIARY THE WIVES OF CPAS WERE MORE THAN A MRS.

By Karen Halladay, CPA

R

ecently, I pored through scrapbooks of a women’s group associated with the UACPA. The association’s 100-year history would not be complete without sharing information about the Utah Certified Public Accountants Auxiliary — an organization of women that initially supported their husbands’ careers and hosted social activities, that later evolved to an organization that provided service and support to various community organizations and charities.

On April 5, 1948, 28 wives of CPAs organized the Auxiliary; the first CPA Auxiliary in the country.

Eleanor Olson served as the first president. It was Mr. Bertell Bunker, a Utah CPA, whosuggested a group like this could encourage good fellowship and publicity for CPAs. Officially, the bylaws stated purpose was “to encourage good fellowship among members and to intelligently promote the interests of Certified Public Accountants.”

(Top) Mrs. Hanni, Mrs. Nilson and Mrs. Griffin in 1957; (above) Merial Hawkins (in hat) presented her fashion show, "Our Changing Silhouette" for the Bountiful CPA Wives (l-r) Susan Casper, Suzanna Griffiths, Velma Goldsberry and Deanna Smith.

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Like any professional or civic organization, officers were elected, membership dues were paid annually through their husband’s account ($3 raised to $6 in 1975), committees for membership, programs, telephones and publicity were formed, and memories were scrapbooked.

The historian’s work has aged and the scrapbooks need repair. However, paging through these preserved memories is like taking a step back in time. A time when very few women were CPAs themselves and the cultural norm was for the women to be known by their husband’s name. Her name, if listed at all, would be noted beside his and be enclosed in parenthesis.

Page after page, there are handmade invitations for Auxiliary events addressed to Mrs. CPA among newspaper articles of diligent women highlighting

events. Annual announcements and newsletters listed new officers, committees, and the constitution and bylaws. Handmade invitations and mimeographed documents provided details for learning events, including fashion, interior design, music, dance, travel, and book reviews; summer and holiday parties with husbands; and annual conventions. In 1960, the first big civic project was promoted: a university scholarship for a junior girl who was studying accounting. “This year the lucky girl will be chosen from the U. of U.; next year from BYU; and the following year from U.S.U.” In 1963, the Auxiliary, with the assistance of the University of Utah Continuing Education, Bureau, and Community Development, evaluated itself to determine its purpose and how to accomplish that purpose. As a result of this work, community service became an important aspect of the Auxiliary’s work. The bylaws were updated to include taking an active interest in civic affairs, coordinating activities of the CPA state and chapter auxiliaries, and assisting the UACPA with state and regional conference activities.

With the new focus, women volunteered at the Salt Lake Detention Center, read to the blind, escorted those with mobility/accessibility issues to doctor and

(top) Auxiliary members attend the Munch and Crunch brunch that was held at the garden of the home of Mrs. Albert T. Ludlow. (above) Fall lunch with Mrs. Lindberg, Mrs. Garetty and Mrs. Sumsion.

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dentist appointments, served on an Architectural Barrier committee and made hospital supplies. Additionally, the Auxiliary was one of 68 women’s groups that comprised the Salt Lake Council of Women, a group of 10,000 strong according to an October 1964 A Salt Lake City Tribune article.

The service of these women, including those from the Auxiliary, made the community stronger and more livable by promoting betterment projects. These included promoting better bus service, building playgrounds and parks, and organizing school lunch programs. Over the years, members of the Auxiliary raised funds for charities and contributed their time and efforts towards projects, such as Women Alert, Utah Girls Village, University of Utah Medical Center, Kidney Dialysis — Artificial Kidney Research, and Newborn Intensive Care Unit of Primary Children’s Medical Center programs.

(Top) The Auxiliary singers provide entertainment at UACPA meetings. (above) The Davis County Clipper shows the new CPA Auxiliary offers in Oct. 1973. (clockwise) Julene Anderson, Lois Cutler, Marty Anger, Colleen Johnson and Donna Despain.

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Today, the Auxiliary no longer exists. The last letter in the scrapbook collection was a thank you dated April 3, 1980 for a donation made for an artificial kidney project.

It is unclear when and why the Auxiliary dissolved, but declining membership numbers and women entering the workforce in the 1970s were likely factors.

Much has changed for women since the days of the Auxiliary. Today’s woman wants to have her own identity, opportunities, and accomplishments. Women want to define their own lives and determine what is professionally and personally fulfilling. However, as I turned each scrapbook page, I noticed the evolution of the Auxiliary. I realized the women in the Auxiliary also wanted to grow, learn and make a difference in their community. Although today’s approach is very different from the past, the desire to make a difference is something that yesterday and today’s woman still have in common. n Karen Halladay, CPA/MBA, is a director of a charitable foundation and volunteers her time with community organizations –

(Top) The 20th Year of the Ladies Auxiliary Committee, (l-4)

often in the treasurer role. She continues

Bonnie Kirkham, Marie Foote, Shirley Hadley, Chris Bingham,

to enjoy leading project teams, working

Madeline Wells. (above) Invitation for the Summer Party on July

on policy matters, and bwringing a

11, 1957 at the Organ Loft.

proactive, solutions-based attitude and approach to problem solving. Karen enjoys time with family and friends, hiking, traveling and sharing a good book or movie.

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THE TRUSTED TEAM

UACPA STAFF ENJOYS THE PROFESSION AS MUCH AS ITS MEMBERS

By Amy Spencer, UACPA Communications Manager

I

n 100 years, the number of UACPA staff members has remained relatively small.

In the early years, there were not enough members to have a staff, and by the '50s and '60s, the UACPA members wives largely played a role in helping plan activities for the association as the Ladies Auxiliary (pg. 28).

If you were a member in 1974, you might remember Francie Whitehead, who was hired as the first CEO. Barbara Gardner took over Francie’s duties in 1978 before Jeannie Patton started in May of 1981. Donna Salter started a few weeks after as a result of new legislation that made CPE requirement for CPAs. Michelle McGaughey took over when Jeannie left in 2008 and served till 2013 when Susan Speirs became the CEO. Other staff members who spent many years handling the needs of CPAs in the '80s and '90s include Wendy Reimers and Ann Sims. April Deneault joined the CPE department in 1999 and continues to oversee the conferences and events.

No matter the staff size, the roles to handle membership, education, communications and finance have existed to ensure we are a resource and can provide you with everything you need to succeed.

Serving UACPA members is an honor and we are passionate about delivering the best experience to you. n

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33

Memories & Photos Congratulations on 100 years.

Thank you for letting me be a part of it.

— Michael D. Blackburn, CPA James S. Bean Jr., CPA Centennial Committee Member In April of 1981, I graduated from Brigham Young University with a Bachelors Degree in Accounting. I passed the Uniform CPA exam in 1982 and joined the UACPA in 1983.

Trying to pass the CPA exam was different in 1982. The test was only offered in April and November. There were 6 tests that spanned 3 days. We were given about 3.5 hours for each of the five main tests, and a shorter time for the Ethics test. We were only allowed to take in a pencil, and everything was handwritten.

During the early ’80s, we did our workpapers by hand.

Our reports were given to a secretary to type on a Selectric typewriter. Later, they were done electronically on a Wang that had floppy disks that were as big a piece of paper. By the mid ’80s, the office purchased a personal computer, but with about 20 auditors in the office, it was hard to get any time with it. That first unit used 5.25 inch floppy disks, and later the units had the 3.5 inch hard cased disks. We liked to do our spreadsheets in Lotus, and our write-ups and reports in WordPerfect. The shift to Microsoft Office programs took some adjustment. Later on we each got our own desk top computer, and by the ’90s we started getting laptops that we could take into the field.

There were many technology concepts to learn in the early days of my career. And then it was even tougher when the Internet and cybersecurity issues started coming into play.

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Thanks for the memories. I enjoyed the 4 years that I worked at the UACPA

— Braden S. Thompson In college the only computer experience that we received was running a Fortran program on punch cards. The cards were put through a card reader and the program was processed by a mainframe computer. The program was some kind of sorting function, and we were amazed at the new technology.

Mark Palmer, CPA Centennial Committee Chair A recent memory includes working with the 2020 Centennial Committee and Executive Board to create a new logo for the UACPA. There were many meetings and iterations of what became our new logo. As a CPA, it was interesting to go through marketing processes — a good eye opener.

I remember the Downtown Chapter holding quarterly lunch meetings at the Sizzler on 400 South (that has been torn down). I walked in with another gentlemen, Roger Beynon, who quickly recruited me to serve at the chapter's secretary with him as Chapter President. Soon after I became involved with the Winter Conference planning committee. Both were good experiences and helped me meet other CPAs. One of my favorite assignments was spending several years on the Awards Committee taking nominations for annual awards. I enjoyed building the slideshow for the award ceremony and learning about the CPA's that were being honored each year. I have met many brilliant, smart and wonderful CPA's. One who stands out to me is Kent Thomas. I had the privilege of serving on the Executive Board the year he was President. Kent has many skills and talents that which have served him well. n

Photos, Throwback

These photos have been randomly selected from the UACPA archives. Visit our offices to see the complete photo collection.

Robert Stevens receives the outstanding CPA award in 1988.

Duane Karren is honored as Outstanding CPA. in 1996.

Outgoing president Kevin Simister passes the gavel to incoming president MacRay Curtis in 1995.

Charles Griffin gets the Distinguished Service award in 1991.

Keith Prescott gets the Distinguished Service award in 1994.

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Photos, Throwback These photos have been randomly selected from the UACPA archives. Visit our offices to see the complete photo collection.

Larzette Hale receives the outstanding educator award in 1990 and Distinguished Service Award in 1999..

President Carey Woolsey presents Susan Speirs the Women to Watch: Experienced Leader award in 2010..

Mary Kay Griffin and Janis Kline lead a conference committee.

Gail Anger received the Outstanding CPA in Public Practice award Jeannie Patton and Mike Blackburn at the black tie inauguration.

in 2000, the Distinguished Service award in 2003, and the Jeannie Patton Lifetime Service award in 2012.

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37

THE CPA'S OFFICE Equipment CPAs Used in the past 100 years

By James S. Bean Jr., CPA

T

he office of the typical CPA of 1920 would have looked and worked much different than the modern office of today. That earlier office may have been fortunate to have electrical lighting and telephone if they were near an urban area. There were a few electric-powered machines used in larger accounting offices, such as the 1917 Burroughs bookkeeping machines, but it is unlikely that the average CPA would have invested in that. During the next few decades the CPA’s office equipment moved from the mostly mechanical versions of common items to the electric versions, at varying rates. Some totally new technological equipment was also introduced during that time period. In the last 40 years the computer age has quickly taken over almost every aspect of office equipment. The following is a brief history of the modernization of the CPA office, with more focus on the early part of the last century. This does not include every type of equipment, but covers the most important ones.

The abacus, invented around 2500 B.C., was the original calculator.

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The Mechanical Era The first machine that would be synonymous with the work of CPAs would be the calculator. The earliest calculators were of course versions of the abacus which was originally invented around 2500 B.C., and used for many centuries afterward. Various machine calculators were conceived and invented as early as the 1600s.

In 1820 Charles Thomas invented the Arithmometer which was the first commercially successful calculating machine to complete all four basic operations — addition, subtraction, multiplication and division. The production debut of the arithmometer in 1851 launched the mechanical calculator industry, and was still in use up to World War I. The Comptometer was invented by Dorr Felt in 1884, and was the first key driven adding and calculating machine. “Key driven” means that just pressing the keys

adds the numbers entered to the total so it is very quick for adding long lists of numbers. The lever was only pulled to zero out the total. Professional operators could enter numbers faster than a proficient user of the familiar 10 key.

The Comptometer was still in use into the late ’70s.

The typewriter was another important machine of the typical CPA office. The first commercial typewriter was invented in 1874 by Christopher Sholes, who also gave us the QWERTY keyboard we use today. The first popular typewriter to bear the familiar design was the 1896 Underwood I. The introduction of the check writing machine in the early 20th century was a hi-tech defense against the gravest and most widespread fraud of the time: check forgery and alteration.

If someone wanted to have a copy of any document 100 years ago they would have to remember to use some carbon paper before they even started to create it. Carbon paper was patented in 1806 but did not get widely used until the invention of the typewriter. The mimeograph machine was a fast way to make many copies mechanically, but that did not get popular until the ’50s.

The production debut of the arithmometer in 1851 launched the mechanical calculator industry, and was still in use up to World War I.

The Electronic Era In 1960, the first electronic desktop calculator, the Anita Mk 8, was introduced which was based on cold-cathode vacuum tubes. The first all-transistor desk calculator, the Friden EC-130, was introduced in 1964, but the price was comparable to that of family cars. The first truly pocket sized electronic calculator to use LED display was the Busicom LE-120A, known as the “Handy,” which went on sale in January 1971 for $395.

The first electric typewriters commercially came in 1925, but only 2,000 units sold. The first successful electric typewriter was the IBM Model 1, introduced in 1935.

IBM further improved the design in 1961 with the IBM Selectric. It had the golf ball-like type ball that could be easily switched out for another font. In 1971 the Selectric II introduced the embedded correction tape which was an incredible time saver for those who were not great typists.

Word processors had a period of popularity between the decline of the typewriter and the advent of the personal computer.

There were a few electric-powered machines used in larger accounting offices, such as the 1917 Burroughs bookkeeping machines, but it is unlikely that the average CPA would have invested in that.

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The check writing machine from the early 20th century was a hi-tech defense against check forgery and alteration.

Invented in 1884, the Comptometer was the first key driven adding and calculating machine.

In 1949, the Xerox Corporation introduced the first xerographic copier, Model A. They were so successful, the copying process was referred to as Xeroxing. Office photocopying was introduced in 1959, but the typical small office would not have been able to afford one for some years later. Color copying became commercially viable in 1968 by IBM. The first commercialized version of the modern Fax machine was introduced in 1964. Previous versions were expensive and difficult to operate.

The Computer Era Mainframe computers were in use from as early as the ’40s with the introduction of the UNIVAC system for commercial use by business and government applications.

For the succeeding three decades, mainframe computers were the principle way to process data, but only larger organizations could afford that investment.

Starting in 1974, several personal computers were introduced that brought the computing power to individuals and small organizations. Many accountants cheered the introduction of the first successful spreadsheet program, VisiCalc, in 1978. But it was not until the ’80s that many small offices chose to start using personal computers for daily operations.

Personal Reflection While writing this article I have reflected on my interaction with several of the machines mentioned. As 40

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a grade schooler, I remember being handed worksheets that had a strong chemical aroma and purple ink that had been produced on a mimeograph machine. As a Junior in high school, I was taking a typing class with a Selectric II that was the latest technology of the time. During the ’70s, I had to go to a copy store to make a simple copy of anything and pay as much as $.25 each. In the ’70s, I remember that the handheld calculator was quite the status symbol. As a senior in college, my only interaction with a computer was running a Fortran program with punch cards through the mainframe. During the mid ’80s, my audit office received a personal computer, and it had to be shared among several auditors. During the mid ’90s, the office received an early portable computer, but it was so heavy that we called it "the luggable." I am a young retiree, so my memories don't date back further than these. n James (Jim) S. Bean Jr., CPA, CFE, is now retired and enjoying life while doing volunteer work, creating handmade items and spending quality time with his grandkids. He spent his career as an internal auditor for several entities, mostly for Utah Power and Utah Transit Authority. He graduated from Brigham Young University in 1981 with an accounting degree. He has been a member of the UACPA since 1983.

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LIFETIME MEMBERS

CONGRATULATIONS TO THE UACPA'S LIFETIME MEMBERS This list represents those who have been a member of the UACPA or other CPA society for 40 years or more.

Frank Gardner 1/4/1951

Jay Atwood 8/9/1962

James Thurman 11/2/1966

S. Martin Dodge 2/18/1969

Milton Thackeray 10/29/1970

Richard Hawkins 3/1/1952

Tubber Okuda 9/8/1962

Orrin Colby 4/5/1967

Brent Griffiths 6/1/1969

Gilbert Fuller 10/29/1970

Ted Davis 9/1/1952

Curtis Hoskins 5/6/1963

William Gardner 7/5/1967

Kenneth Cutler 9/16/1969

Sidney Williams 1/15/1971

Nicholas Rhodes 6/1/1955

Charles Johnson 3/9/1964

Ralph Larsen 9/8/1967

Edward Passey 9/16/1969

F. Lynn DeBry 1/18/1971

Donald Egbert 6/2/1955

Duane Blackley 9/14/1964

P. Grant Paulsen 9/8/1967

Robert Schouten 10/21/1969

W. Leon Pexton 4/20/1971

A. Tom Nelson 9/1/1958

Robert Goldsberry 4/15/1965

Gail Anger 9/8/1967

Ray Westergard 10/21/1969

David Sollis 4/20/1971

Orson Osborne 9/12/1958

Charles Jeppson 8/17/1965

Willis Inglesby, Jr. 9/8/1967

James Woolley 11/11/1969

Ronald Mano 4/20/1971

Fred Baugh 9/18/1958

Romel Mackelprang 1/1/1966

Joe Pacheco 10/10/1967

James Schroeder 12/17/1969

John Gothard 4/20/1971

William McFarland 3/6/1959

Thomas Clark 1/2/1966

Ted Stagg 12/6/1967

T. Mark Wolsey 1/7/1970

Lynn Bushman 4/20/1971

Jeanette Watkins 10/1/1959

C. Kim Anderson 2/1/1966

Jerry Brown 1/12/1968

Dan James 3/19/1970

David Kimball 5/18/1971

James Rushforth 3/21/1960

LeRoy Christopherson 3/9/1966

Thomas Neff 8/7/1968

Barry Erickson 6/18/1970

Dennis Sheffield 7/20/1971

Alma Erekson 4/16/1960

Darrel Roberts 4/27/1966

Leland Martineau 9/11/1968

James Anderson 7/30/1970

Ray Schenk 8/12/1971

Fred Wunderli 6/1/1961

Timothy Draper 4/27/1966

Oral Johnson 11/13/1968

Leo Ball 10/1/1970

W. Emery Smith 8/12/1971

Charles Jackson 11/3/1961

Dwayne Liddell 7/6/1966

Duane Karren 11/25/1968

Steven Finlinson 10/1/1970

Heber Poulson 8/12/1971

Robert Price 12/11/1961

Joseph Cowley 9/11/1966

Larry Esplin 12/17/1968

W. Brent Maxfield 10/1/1970

Swen Mortenson 8/12/1971

Orvil Terry 6/19/1962

Bryce Olson 10/5/1966

Daniel Favero 1/21/1969

Craig Smuin 10/1/1970

Lowell Robison 9/16/1971

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Larry Hendricks 11/18/1971

Kenneth Bagby 6/13/1973

Dennis Larson 8/20/1975

Philip Peterson 10/18/1976

Terry Whipple 10/2/1978

Barry Goff 4/20/1972

Leslie Thorne 7/19/1973

Danny Hendrix 8/20/1975

Lynne Wilhelmsen 1/27/1977

Brent Davies 11/17/1978

Vernon Parker 4/20/1972

David Cloward 8/16/1973

Harlan Schmitt 8/20/1975

Bruce Cundick 3/21/1977

Douglas Weaver 11/17/1978

David Bunker 5/18/1972

Paul Child 10/25/1973

Kent Fitzgerald 8/20/1975

Carl Jones 3/21/1977

Morris Casperson 12/10/1978

Kelley Cook 6/29/1972

Sherman Myers 11/15/1973

Clark Davis 8/20/1975

Randall Plant 3/21/1977

Rodney Savage 12/10/1978

Newell Johnson 6/29/1972

Jerry Kartchner 12/20/1973

Arthur Miller 8/20/1975

Chesley Erickson 6/3/1977

Catherine Nielson 3/16/1979

Scott Evans 9/21/1972

Roger Richins 5/16/1974

Wayne Simpson 8/20/1975

Joseph Leverich 6/3/1977

Gordon Jacobsen 3/16/1979

Leon Nielson 10/19/1972

Brent Anderson 5/16/1974

Paul Kasteler 8/20/1975

Steve Chin 6/3/1977

Mark Hall 3/16/1979

Gary Vance 10/19/1972

Ronald Hawkins 5/16/1974

James Blaylock 9/3/1975

Lynn Wood 8/16/1977

D Gerald Searfoss 9/27/1979

K. Fred Skousen 11/15/1972

Jeffrey Shaw 5/16/1974

Bruce Laser 1/7/1976

Tyler McNeil 10/28/1977

Randy Harris 12/1/1980

K. Ray Hammond 12/21/1972

Lane Summerhays 5/16/1974

Louis Miller 1/7/1976

Lynn Daines 1/17/1978

M. Keith Prescott 2/21/1981

Edward Bates 12/21/1972

John Gardner 6/20/1974

D. Scott Nickle 1/7/1976

Jerry Van Os 3/31/1978

Robert Burr 5/11/1981

Douglas Jeppson 1/18/1973

Walter Pinborough 6/20/1974

Dallas Bradford 1/7/1976

Rex Keeler 3/31/1978

Tom Allen 8/25/1981

Gregory Kemp 1/18/1973

Clark Christian 9/25/1974

Robert Cantwell 2/18/1976

Larry Ellertson 3/31/1978

Auston Johnson 8/25/1981

Jeffrey Gyllenskog 1/18/1973

DeMeade Austin 10/23/1974

Leland Rasmussen 3/8/1976

Robert Foley 4/4/1978

Wendy Martin 10/31/1983

Dennis Spackman 3/16/1973

Ray Allen 1/10/1975

Randel Heaton 3/8/1976

J Kartchner 4/4/1978

Edward Alter 12/17/1991

Merrill Norman 4/24/1973

Wayne Neeley 2/12/1975

Bradley Vernon 4/30/1976

Gay Gallacher 4/4/1978

Jolyn Whittaker 11/18/1993

Steven Davis 4/27/1973

Kenneth Simpson 4/24/1975

Melvin Christoffersen 4/30/1976

Richard Jenson 5/15/1978

Owen Ashton 11/30/2001

F. Charles Huber 5/17/1973

John Ravarino 4/24/1975

S. Craig Omer 4/30/1976

Kevin Simister 8/28/1978

Jeannie Patton 9/18/2008

Michael Jones 5/17/1973

W Rex Thornton 4/24/1975

Phillip Osborne 5/28/1976

Bradley Gardner 9/14/1978

John Gidney 5/17/1973

Steve Gabrielson 5/1/1975

Kirk Bennett 10/18/1976

Edwin Dennis 10/2/1978 the journal entry | July 2020

43

CONNECT WITH YOUR CHAPTER

find your next m

eeting at uacpa.o

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the journal entry | July 2020

rg/chapter

BIRTHDAY BASH WEDNESDAY, JULY 8 DONUTS 7–10 AM LUNCH 11–1 PM BIRTHDAY CAKE 1:30–3:30 PM RIBBON CUTTING 2 PM RSVP at uacpa.org to sign up for a 30-minute time to visit.

136 S. Main Street, St. 510 Salt Lake City, Utah the journal entry | July 2020

45

HISTORY OF THE CPE CPE HISTORY

By April Deneault, UACPA CPE Manager

C

ontinuing Professional Education has not always been a part of the requirements to be a CPA.

In May 1971, AICPA Council approved a resolution urging all state societies to adopt a continuing education requirement for CPAs, it was also proposed that state boards of accountancy enforce the requirement as well.

In 1981 the Utah State Board of Accountancy passed a CPE Requirement that “by August 31, 1984 , every individual desiring to renew his license to practice public accounting in the state of Utah had to demonstrate that 80 hours of qualifying continuing education hours were completed during the period from September 1, 1982 through August 31, 1984. A minimum 20 hours of continuing education should have been earned in each of the two calendar periods”.

Because of this requirement the UACPA created a one person CPE Department.

In order to report CPE hours, CPAs were required to

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complete a “Certification of Fulfillment of Continuing Education Requirements” and mail it into the Department of Registration along with their license renewal application.

The UACPA was not the only place a CPA could obtain CPE, they could also earn CPE Credit from the AICPA, UAPA, USPA, NSPA, NAA, in house programs and colleges and universities. Do you think you ought to let readers know what the initials stand for?

The first UACPA conference to offer CPE Credit was the Tax Symposium which was one of the UACPA’s longest running conferences. It was held for the first time in 1974 and ended in 2005. In 1984 we held our first Annual Computer Symposium. Other conferences included: MIDGE (Members in Industry Government & Education) Conference, State & Local Government Conference, Summer Update, Business Valuation Symposium, Update conference (now Winter Conference which set attendance record of 435 in 1987). Newer Conferences

include, CPAs in Business & Management Conference, Nonprofit Conference, Accounting & Auditing Conference and the Technology Conference.

Some of the first UACPA class titles are courses that we are still offering today, Estate Planning, FASB Update, Partnership Income Tax Workshop, Accounting & Auditing Update, Oil & Gas were also a hot topic in the 1980’s. In 1984 we published our first CPE Catalog complete with course descriptions.

In 1998 the UACPA participated in the first satellite broadcast series which were broadcast monthly to Salt Lake City, Logan, Vernal and St. George.

The first UACPA Classroom was used primarily as a board room which held 10-15 people. Our first office with a dedicated classroom was on 455 E 400 S; that classroom held 25-30 people. In 1998 the UACPA offices moved to Morris Avenue with a much larger classroom that held 50 people. The current UACPA classroom in downtown Salt Lake City holds 42 people and has capable technology to simulcast our live events.

When I first started in 1998, the average in person class size was 28 people and we offered 65 classes in reporting years and 55 classes in nonreporting years. Today our average in person class size is 7 and we offer 45 group study classes in reporting years and 30 in nonreporting years. As we see our in-person class size decrease, we see our webinar/webcast attendance increase. In the beginning all conferences and seminars were held in-person and CPAs traveled from across the state to attend. Today there are many ways for CPAs to obtain CPE right from their computer at their office or in the comfort of their

home.

Once CPAs started subscribing to the internet at home, the UACPA created an online calendar of events so that members could search for courses by topic/date/speaker, instead of waiting for the newsletter with the CPE offerings or conference brochures to come in the mail. We had to beef up our online presence and make payment convenient and secure, as it was challenging for some individuals and firms to trust an online source for payment.

Before the internet, if a CPA wanted to participate in self-study courses, they would have to order a book from an approved self-study provider, the materials were sent to you the in the mail. after the CPA read the materials there was a test to take which you either had to mail or fax back to the provider for scoring.

In January of 2004 DOPL put a limit on self-study hours for CPE. Not to exceed 25% of the 80-hour requirement.

Many members contacted the UACPA and Executive Board to voice their concern over the self-study limit.

Concerns were so great that the Executive Board decided to take the matter to Utah State Board of Accountancy.

After a discussion of the issues raised, the Utah State Board agreed to repeal the self-study requirement. The 20-hour minimum per year requirement was also removed.

It’s difficult to anticipate what the future looks like for CPE. In person classes may become a thing of the past, perhaps all CPE will be held virtually. I think the possibilities are endless and I am excited to see what the future holds for CPE. n

the journal entry | July 2020

47

THE JOURNEY OF THE JOURNAL ENTRY HOW MEMBERSHIP COMMUNICATIONS HAS EVOLVED By amy spencer, UACPA Communications Manager

A

glance through the UACPA’s publications tells more than the story of the association; it speaks to the way we have communicated throughout the last 100 years.

“In order to increase mutual interest between the Utah association and its Ladies Auxiliary, this special Xmas issue of The Utah C.P.A. is being mailed to both members and their wives. There are also included in this issue this article There are newsletters created on a typewriter and copied on and others of special interest to the ladies.” a Xerox machine. Some feature cute poems next to cheeky By 1957, the masthead changed to reflect that this clip art and chuckle-worthy comics. From the captivating publication was now The Utah CP.A. Newsletter and it’s and kitsch charm of the ‘60s loaded with fun-filled socials to the ‘80s futuristic Max Headroom that wants to be taken size was reduced from a four-page leaflet to a double-sided newsletter. seriously, each decade has the distinct look and feel that you would associate with that time.

The UACPA publication was written and produced exclusively by members as there were not staff members The earliest piece of communication to UACPA members at that time. Harold O. Smith, who served as president in in our archives is a 8.5" x 14", four-page newsletter from 1966 – 67 comments that there was “a big change in the December 1953 (although the masthead says it is Vol 10, newsletter when Fred Oliver was the editor. It changed Nov. 1, indicating there were likely previous issues) called from the mimeographed, type-written sheets to typeset, The Utah C.P.A. printed sheets and the design was upgraded significantly.”

Among the headlines in this compressed newspaper By 1974, The Utah CPA Newsletter has become two pages printed in a festive two-color, red and green, a small box stapled together with a minimal masthead. The April-May points out that this issue is not just for a male audience.

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issue in 1975, says “UACPA News” and the font is filled with math symbols. Still coordinating with the Ladies Auxiliary, it was pertinent to add a member's wife name next to theirs in quotes: “Karen” “Debra S.” “Connie” “Linda.”

Not long after Jeannie Patton become the Executive Director and publication editor, the masthead icon become the shape of Utah filled with the letters CPA. In 1981, The UACPA News grew from four to eight pages; this was a result of the new CPE requirement and expanded list of courses available.

Over the years, the letters C, P, and A have sometimes had a period after each of them. In the February 1984 publication, members are told to not put periods after each letter.

The Journal Entry was officially born in January 1990 as a one-color, 16-page newsletter. CPE and conference details filled pages in addition to legislative updates, board updates, new additions to the UACPA library, AICPA news, technical articles, committee updates, articles about professional conduct and membership updates. A new tradition that lasted for the next 15 years was a handdrawn image of the president that accompanied their message.

Changes to The Journal Entry came in 1997 with a redesign changing the newsletter from 3 columns to two columns and creating it in-house instead of sending it to a graphic design firm. The newsletter was 14 pages with primarily news for members and one or two articles.

monthly or every other month, but it is announced in 2006 that The Journal Entry will now be bi-monthly. The issue that followed that announcement was 72 pages – the largest magazine yet.

Although the page count did not remain that large, the newsletter format served the members through 2011, when the UACPA's communications got a complete makeover.

The Journal Entry became published quarterly and went from its newsletter format to a glossy, colorful magazine.

Now published in January, April, July and October, a sophisticated layout and design was captivating in addition to photos of incoming presidents and authors of articles.

The 2011 overhaul also lead to the enewsletters you recognize as the eNetwork, that is in your email box on the first of the month and CPE Connect, delivered on the 15th of each month.

Today, The Journal Entry weaves traditional features announcing new members, movers & shakers and board notes to new elements like photo pages, member profiles and personal questions with the board. Among its pages.

There is news pertinent to Utah CPAs that is not available elsewhere and primarily written by members. Of course, we appreciate having the comic "Generally Excepted" contributed by one of our own members, Matt Fergeeson.

Seeing how members connected 100 years ago isn't so different from how it is today. Communication tools remain a vital piece of uniting the profession. n

Over the years, the publication has been distributed

the journal entry | July 2020

49

LEADING OUR FUTURE UTAH PROFESSIONALS GAIN LEADERSHIP TOOLS THROUGH LEADERSHIP ACADEMY

T

o ensure that the future had strong capable leaders, the UACPA saw the need to work with new professions and Leadership Academy happened to be the best opportunity to provide our new professionals. New professionals enhance their skills at a retreat where they connect with likeminded individuals and sharpen their tools for leadership.

Since the first class in 2011, there have been 107 individuals who have participated in Leadership Academy in one of the seven years that it has been held.

Everyone who has attended gets to know Dan Griffiths on a new level as he guides them through the curriculum. Learn more about how he got involved and how the UACPA's most recent past president, Monica Gardner, invested in building a toolbox for leadership skills gained at the inaugural event.

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By Dan Griffiths, CPA When I hopped off the plane at Raleigh-Durham, I was completely unaware of how my life was about to change. The AICPA Leadership Academy was transformational. Spending time with other highly motivated professionals looking to make a difference was so inspiring. We all left with a much deeper understanding of what it means to be part of a profession and feeling like maybe we really could change the world.

Before leaving the hotel in Chapel Hill, I resolved to do something to create an experience like this for Utah CPAs. The AICPA program accepts just 38 participants each year. This meant only a handful of Utah CPAs would ever have the good fortune of experiencing the magic of Leadership Academy unless we could do something to bring the program to them.

I spent the next several months looking for ways to create a program that could be self-sustaining in Utah. Three trips to Maryland for certification and dozens of committee meetings later, we had done it! Now, 10 years later, it’s hard to believe that what started as a personal commitment silently made in a conference room in North Carolina had blossomed into something that has now impacted more than 100 Utah CPAs in what I hope has been a profound way. Today, many of those CPAs now serve on the UACPA board or volunteer in other ways with our profession.

The success of our profession is largely a function of our commitment to elevating each member. It does us little good if 5 or 10% of CPAs are amazing and the rest are content to coast. Being a part of a profession where everyone continually strives to improve makes all of us better. It’s our collective commitment to continuously challenge ourselves to be better that is such a key ingredient to our profession’s longevity and truly remarkable success. Leadership Academy is one way that all of us can continue to support that commitment to elevate every member of our profession. Here’s to UACPA Leadership Academy graduates of the past ten years and what I hope will be many more to come. n

By Monica Gardner, CPA and Immediate Past President "I was lucky to be among the first to participate in the UACPA’s leadership academy in 2011. I recall we met several times before the main academy event. We read "Strengths Based Leadership," a book about leadership styles (I still have on my office shelf). The discussions we had around it were insightful. Our service activity was to assemble bikes for Guadalupe School. We had a little competition among the teams to see who could do it first (and correctly). We then selected a person from each of our teams to ride it around a makeshift obstacle course. I am pretty sure the last part was not part of the original plan, but it was quite entertaining.

The main event at Deer Valley was also great. We started out with a wonderful panel of industry leaders who spoke to us and gave us great advise as we advanced in our careers. I still look up to those that were on that panel. Years later I was able to be part of a panel for another leadership academy. It was fun for me to reflect upon that time that passed and how my path has evolved over the years. Later that night we had dinner and as part of that got to discuss and practice proper business etiquette. I still utilize much of what I learned at that dinner.

Over the next few days we discussed why being a CPA is important and the value we add. We also considered how and why to tell our story and promote the profession. We got to learn about the history of the CPA profession, discussed current topics and trends, performed a SCOT analysis around the profession, and looked to the future of the profession. As I have continued my involvement with the UACPA it is neat to reflect back on those discussion about the future of our profession and how some ideas turned out how we thought or at least close to, while others have not been what we thought with the economic and technological changes that have taken place over the years.

Overall my experience with Leadership Academy was a great one and I would recommend it for anyone thinking about it. I enjoy getting back together with alumni and working with those who participated in the Academy with me. n

the journal entry | July 2020

51

THE "RAINY DAY" WE'VE PREPARED FOR PANDEMIC-RELATED NEEDS SHIFT FOCUS OF LEGISLATION

By DAvid Peterson, Ryan Peterson and Craig Peterson

W

here were you and what were you doing at this time last year? Seriously, take a look at your calendar and go back exactly one year and see what was on your schedule for today. I was headed to Utah State University’s Brigham City Campus for the first meeting of the Tax Revenue and Modernization Task Force. I got there early and mingled with legislators and lobbyists. I wanted to see how the task force was going to pull this off. An eight-city tour of Utah from north to south and east to west. What format would they use? How would they engage the audience? How would they solicit meaningful input? To be perfectly honest, I wanted to see how many loonies were going to stream out of the woodwork given this large of a public platform.

I remember sitting next to our UACPA CEO, Susan Speirs, and chatting about the unknown. We had already seen the fallout of HB441 and had prepared ourselves, once again, for an attack on professional services. We watched as former Utah State Senator, Patricia “Pat” Jones, expertly controlled the crowd and with each question, comment, and concern solicited a democracy inspired vote of the public at large. Obviously, the meeting was not contention free. There were strong opinions shared by a number of organizations. I overheard an educator and an engineer making a chicken-or-an-egg argument over whether it was more important to have clean water to drink or smaller classroom sizes so you have smarter kids who become engineers who help deliver clean water to drink. It was a fascinating argument! At the

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conclusion of that meeting, I leaned over to Susan and, quoting Michael Buffer, saying, “Let’s Get Ready to Rumble!” This was going to be our life for the next eight to 11 months. This tax issue would be resolved by the end of the 2020 legislative session and we were ready to roll up our sleeves and get to work.

Here’s the crazy thing. Fast forward to the end of the 2020 legislative session and not only is the tax issue not resolved, no one is even talking about it and we’re pretty sure no one is going to talk about it for some time to come. We have a whole new vocabulary consisting of words and acronyms like social distancing, shelter-in-place, self-isolation, drivethru testing, PPE, WFH, and, most importantly, PPP. The only thing anyone really cares about is the health of our loved ones and the recovery of our economy.

The perceived imbalance between sales tax and income tax, though still very much present, is just not that important in light of a pandemic. So, what do we have to look forward to on the horizon?

From a political standpoint, there is only one thing being discussed — the budget. Fiscal analysts and the Executive Appropriations Committee have asked each legislative appropriation sub-committees and each state government entity to tighten its belt to the tune of a 2%, 5%, and 10% reduction in expenditures. The legislature is looking at all new appropriations and new funding bills from the 2020 legislative session as well as existing base budgets in an effort to save money. Based on our observation, nothing is safe and every corner is being swept. Some legislators and political pundits

are arguing these budgetary cuts are not required due to Utah’s $5.4B “rainy day” fund. Utah does, in fact, have a $5.4B rainy day fund but Utah’s 2020 Pandemic Budget Stress Test (which you can review here at le.utah.gov/interim/2020/pdf/00002534.pdf) identifies a five-year budgetary impact of the COVID-19 pandemic which will consume most if not all of it. In short, legislative fiscal analysts believe the state of Utah will need to draw at least $5.2B of the $5.4B “rainy day” fund in order to address COVID-19 related shortfalls over the next five years. While that seems daunting, it places Utah above 48 other states in our ability to recover from the effects of this pandemic.

As we sit and reflect on the last year, we have been forced to accept the fact that a lot can change in relatively short amount of time. What once monopolized our focus and energy, now seems insignificant. At this time last year, tax modernization was the only thing that mattered. This year has clearly demonstrated that dramatic change occurs monthto-month, week-to-week, and even day-to-day so stay safe, stay healthy, and stay strong. n

STARTING your practice?

David Peterson is a partner and attorney with Peterson Consulting Group. He received a B.S. degree from Brigham Young University, his J.D. from the University of Toledo. He has served on Active Duty and with the Army National Guard for more than 20 years and currently holds the rank of Major.

Ryan Peterson is the managing partner of Peterson Consulting Group. He has been a contract lobbyist in Utah for 12 years. He received a degree in economics from the University of Utah with a focus on statistics and econometrics.

Craig Peterson, senior partner of Peterson Consulting Group, has been involved in legislative processes for almost 40 years as a State Representative, State Senator, and Republican Senate Majority Leader.

He has been a lobbyist for 20 years.

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the journal entry | July 2020

53

HISTORY OF THE UTAH CPA PAC PROGRESS IS MADE THROUGH POLITICAL ACTION

By Brent Hall, CPA

T

he Utah Association of Certified Public Accountants (UACPA) Political Action Committee (PAC) was established in 1976 by the UACPA Executive Committee.

That year commemorated 200 years from the signing of the Declaration of Independence in response to taxation without representation. The PAC was formed to obtain contributions from Utah CPAs to assist legislative campaigns for our representatives.

participate as owners in CPA firms under strict rules.

Floyd A. Peterson, the UACPA President in 1976, said, “The need for CPA’s to become involved in our political process has never been greater.” Mr. Peterson also said that our UACPA committees need to review proposed legislation and advise our senators and representatives in areas where Utah CPAs have expertise.

In 2017, the first CPA Day on the Hill was instituted with a tour of the Capitol and presentation from state auditor John Dougall.

Over the years, the UACPA has been a valuable resource to the Legislature regarding tax and financial issues. The PAC has been able to assist candidates to benefit the people of Utah and the members of the UACPA. In 1981, the UACPA, under the leadership of A. Tom Nelson, was involved in passing the Public Accountants Licensing Act. In 1996, the Utah CPAs Political Action Committee filed its 1995 Report of Contributions and Expenditures with the State of Utah. The report detailed contributions of $10,128.40, including interest income, and expenditures of only $35.85 for bank fees, leaving a fund balance at the year-end 1995 of 18,821.91.

In 2000, the Utah Accountancy Practice Act (“Act”) was adopted on the last day of the 2000 Legislative Session.

This bill amended Non-CPA ownership. Non-CPAs could 54

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In 2001, the Unauthorized Practice of Law (UPL) task force was created following the legislature’s mistaken repeal of Utah Code SS78-51-25 prohibiting the unauthorized practice of law. Task force members included Troy Lewis (chair), Mike Blackburn, Susan Speirs, Marty Van Wagoner and Weslee Klein.

The UACPA and the PAC Board were involved in advising legislators during the tax reform efforts that took place in 2019. Some legislators reached out to CPAs to see how the proposed laws would affect Utah businesses both in tax burden and regulatory burden. Ironically, a review of our records shows that the UACPA also advised legislators regarding the downside of sales tax on services clear back in 2006.

Michael Blackburn became a member of the PAC Board in 1994. When I recently interviewed Mike, he said, “I believe in what the PAC is trying to do.” During his time on the board, they had a key person list of CPAs with legislative contacts. Mike said that the board and CPA’s with legislative contacts worked with legislators who supported issues friendly to our profession and clients.

I also interviewed Val Oveson, former Utah State Auditor and Utah Lt. Governor. Val was a member of the PAC Board during the ’90s and again from 2009 to 2012. Referring to the PAC, Val said, “It is essential if we are going to have the influence we need with the legislature.” He said we

need to educate the legislature on how their actions will affect our profession, the business community, and our individual clients.

Val Oveson also made a key observation: The challenging part is that many good CPAs, especially auditors, think they need to be independent and not involved in politics.

Val added, “We need to work on becoming more involved.

We need to become comfortable with making contributions to political candidates.� n Brent R. Hall is the current Chairman of the UACPA PAC Board. He graduated from Southern Utah University with an accounting degree in 1983 and received his CPA license in 1985. He became a member of the UACPA in 1986. Brent is a shareholder of Savage Esplin & Radmall PC in St. George, Utah. He and his wife, Gina, are the parents of six children, three of whom are CPAs working with him in public accounting at Savage Esplin & Radmall PC.

Support the Utah CPA PAC UACPA.org/Donate

the journal entry | July 2020

55

THE HISTORY OF THE UTAH CPA FOUNDATION SUPPORTING THE FUTURE OF THE PROFESSION

By Michael Michelsen, CPA

I

n January 1999, the Utah CPA Foundation was incorporated as a way for Utah CPAs to give back to their communities. The primary purposes of the Foundation are 1) advancing and disseminating knowledge of accounting and business matters; 2) supporting, encouraging and sponsoring formal and informal gatherings of CPAs; and 3) providing scholarships, research grants and other financial assistance to teachers and students interested in accounting and business education.

During 2000, the Foundation raised $40,000 from the membership of the UACPA. As result of the generosity of the members, in 2001 the Foundation awarded four scholarships to outstanding accounting students in their fourth and fifth years of study to aid and encourage them as they continued their studies.

In 2009, the Foundation celebrated its tenth anniversary by supporting the funding of the Financial Literacy Task Force and the activities of the ProNet Council. In 2010, the Foundation hosted a breakfast to kick off a major fundraising campaign in support of the Utah High School Accounting Educator Award, Financial Literacy Program, ProNet Council.

Utah High School Accounting Educator Award For many years, the Foundation requested nominations from high school principals of high school accounting teachers who were teaching accounting in unusual or effective ways. The Board reviewed the annual nominations and selected a teacher to receive a cash award and trophy.

Over time, annual nominations waned, and eventually 56

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interest from the education community in a small cash award did not generate the volume of applications we needed to justify continuation of the award.

Financial Literacy Program For several years, the Financial Literacy Task Force of the UACPA provided financial literacy classes at the Utah State Prison. Inmates participated in the classes as a required part of their preparation to be released. The goal was to help reduce the rate of recidivism by providing life skills related to budgeting and personal money management. UACPA members generously volunteered their time as teachers in this program to provide an important service to our community.

Financial literacy classes were also taught at the Veteran’s Administration and affiliated veteran’s homes. Veterans who were trying to become self-sufficient or who wanted to improve their circumstances by improving their personal financial skills had the opportunity to learn more skills through these classes.

The Foundation supported the Financial Literacy classes in both settings by providing funding for the classroom materials for the participants. The materials included a piggy bank during the AICPA’s “Feed the Pig” campaign.

ProNet Council Another focus of the Foundation was the ProNet Council for young members. The Foundation supported these efforts by providing limited funding for the ProNet Campus Ambassadors and other ProNet activities. A previous

The UACPA golf tournament has long been a charity event. Since 1999, the golf tournament has raised funds to support the Utah CPA Foundation. At lunch, members learn about how their money will support the future of the profession.

Board chair of the Foundation was one of the drivers behind establishing the Annual Inauguration Gala that celebrates newly licensed CPAs. The Foundation struggled to raise money to fund the Gala, which was subsidized by the UACPA. Additionally, each firm planned and provided its own career training or mentoring for young CPAs, so participation in ProNet events was low. As a result the Foundation stopped funding ProNet events, and now ProNet events are funded from the UACPA budget.

Future of the Foundation Since its inception, the Foundation has identified opportunities to be involved in many activities, depending on the needs of our communities. Once again, the board of the Foundation has determined that it is time to change the focus of the Foundation.Prior to the current events related to COVID-19, the Board approved a resolution to fund a portion of the UACPA Money Camp. Money

Camp is a week-long experience for high school students entering their senior year who may be interested in a career in accounting. As a Board, we are excited to be involved with Money Camp and the UACPA’s efforts in promoting the accounting profession.

Since 1999, support for the Foundation has come primarily from contributions by members of the UACPA and by the members support of the annual UACPA Golf Tournament. We are grateful for the support the Foundation has received. Please continue to support the Utah CPA Foundation with your contributions. n Michael Michelsen, CPA is an audit partner with Eide Bailly LLP, where he serves nonprofit, government and healthcare clients. He graduated from the MAcc program at Brigham Young University in 1994. Michael currently serves as the board chair of the Utah CPA Education Foundation.

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MEET THE EXECUTIVE BOARD

What Do You Like/Dislike About Working From Home?

Ray LanghaIm Vice President "While I have been busier than ever before I have been able to see my wife and grandson more often. Even the 15 min break-in to my home office and join me on zoom calls have been great. With not being in the office everyone feels he need to schedule lots of meetings. Therefore, my days are almost spent in 10 to 12 hours of zoom meeting every day. (dislike). Overall making it through with positive attitude. And I took a week of work from home in sunny St George."

Aubrey Bickmore Neeley Treasurer "I had a baby at the onset of quarantine, so it was nice to be able to stay at home away from germs! Working from home has been a great opportunity to adapt and be flexible. With the use of technology we are still able to accomplish our goals and keep business running, which is phenomenal.

Troy Runnells Member-at-large "It has been a big adjustment. My commute got cut from 30 minutes to 30 seconds, however my stair count has increased!

Luckily, we were already in the process of finishing a room in our basement so I had a place to work. Unfortunately, we were also remodeling another part of our house and it took much longer than it should have. It was a memorable experience having 4 school age kids and two adults at home doing school and work all at the same time."

Nate Stahei Member-at-Large

Stacy Weight President-Elect

Jay Niederhauser President

I enjoyed the reminder of the simple things.

I was able to work with my family to plant a garden, call people that I haven’t talked to in a long time, and just appreciate the good things in life that I have.

"I have enjoyed the opportunity to refocus my priorities and spend lots of time with my family during quarantine."

"Summit County declared us as an essential business, so I have not worked from home.

We have worked with our doors locked which, I have to confess, has been quite nice.

It will be hard to get used to clients coming in again once the restrictions are lifted."

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Katrina Baird Member-at-Large " The things I like about being quarantined are also the things I dislike. I love seeing my two children all day, but I struggle with the many interruptions causing me to be inefficient. I work five inches away from my husband. I love knowing how his day is going and the things he’s working on. But, I literally work five inches away from my husband. I love my 30 second commute, but miss my 20-minute commute to decompress. I love the flexibility in my day, but every day feels like Friday. Quarantining is engaging and unique, but becoming ordinary.

Paul Skeen AICPA Council

" I have loved wearing sweatpants or golf shorts depending on the day. My family has often questioned my outfits. I have really enjoyed my 20-foot commute. The flexibility of where I can be for a Zoom meeting has been a lot of fun. See below for location of an actual Zoom meeting.

For years I have always said that the thing I like most about my job, is the people I work with. While our firm has made great efforts to keep interaction going with daily activities, I miss the in-person interaction with my co-workers and clients.

Monica Gardner Immediate Past President "While it is much easier to focus on work at the office where there are not as many outside distractions, I am very glad I have the ability to work from home. I have liked being with my kids more and I greatly appreciated all the work their teachers put into making at home, online learning manageable and worthwhile. I have saved a whole lot on gas not traveling and I like not having to wear shoes all day.

Susan Speirs CEO "II worked from home for about 23 years before coming to the UACPA. However, I could come and go as I pleased. With COVID-19, the 27- stair commute was fabulous, as was saving on gas. However, not being able to interact with our staff, colleagues and peers other than via Zoom or Teams was not so fun.

While virtual meetings has a place, more meaningful discussions and conversations are had in the hallways, over food or casual conversation".

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MEET THE UACPA STAFF

What Do You Like/Dislike About Working From Home?

april deneault cpe manager

tyler hodges membership development coordinator

"I loved my commute to work and the fact that I didn’t have to put gas in my car for weeks. I liked that I did not have to wake up so early, and being able to eat outside on my lunch break (when it was nice) with my daughter. I did not like not seeing my co-workers in person, catching up with them after the weekend, and just chatting throughout the day when I needed a mind break. I also struggled with “leaving” for the day. I had to set an alarm on my watch when it was time to “go home”.

"I liked sleeping in a little bit. My commute to work went from the hour-long drive during rush hour traffic to walking down the hall, that was nice. I also loved eating lunch with my family every day. I missed laughing at all the jokes we tell in the office and being with everyone. Lunches at the office are always super fun, missing out on those was sad. Basically I missed being with the people in the office."

amy spencer marketing/communications

tom horn financial director

"Cranking up my music and having a warm cat in my lap while checking my email first thing in the morning was nice. But working from home was not always peaceful. Squirt bottles were a necessity for the afternoon meowfest — I can't imagine how difficult it would be to have children. That said, I enjoyed lunch with my husband in the backyard and the perfect excuse to work in leggings. I miss those things now, but I am otherwise happy to be showering every morning and socializing with my colleagues again."

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"Things I liked: 1. No commute, no stress, 2. Less wear and tear on the car, 3. Didn’t spend much on gas, 4. Close to the refrigerator, 5.

Casual dress Things I disliked: 1. Too close to the refrigerator, 2. Isolation — too quiet, 3. Lack of socializing 4. Team/Zoom meetings — I like face to face meetings, 5. Lack of good work space, OK for a short period of time, 6. Too easy to get distracted by the TV

2020 Leadership Academy Emerging Professionals

Leadership Academy is an intensive and rewarding retreat to develop and enhance the skills needed to propel new professionals into the future.

This year, Leadership Academy is accepting 20 new professionals to participate in this exclusive opportunity.

The application deadline is August 4, 2020.

To apply, visit uacpa.org/LeadershipAcademy

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Centennial Service Week

The first ever UACPA service week was held May 11 - 14. Pictured below (clockwise): Clark Warnick donated blood at a Nu Skin Enterprises sponsored event, Mark Palmer provided entertainment to teachers and students during clean out week, Karen Halladay made and donated face masks, the UACPA staff made care kits for men and women at The Road Home.

The following firms and individuals also participated in CPA service week. See the details at uacpa.org/serviceweek.

Niederhauser & Davis Weslee Klein

Lisa Hopkins Allison Johnson Donna J Everett Roger Cooke 62

Clark Warnick Jason Tomlinson Karen Halladay Mark Palmer UACPA Staff

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Centennial Fun

Being a CPA during this era of social distancing and quarantines has led us through some unusual times. Mark your success in crossing off the boxes of tasks you have completed.

USE #UACPA100 ON SOCIAL MEDIA

SIGN YOUR

NAME ", CPA"

ATTEND A VIRTUAL MEETING

ORGANIZE SOMETHING

"I'LL BE WORKING LATE TONIGHT"

VOLUNTEER

AS A CPA

SERVE ON A UACPA COMMITTEE

EAT LUNCH AT

YOUR DESK

"TAX REFORM"

LET A CALL GO TO

TELL A JOKE THAT ONLY A CPA WOULD GET

TELL

DONATE TO THE

VOICE MAIL

SOMEONE WHY YOU BECAME

UTAH CPA

FOUNDATION

A CPA

CANCEL A TRIP

JOIN THE

UACPA

MAKE OR EAT HOMEMADE BREAD

CONFUSE TUESDA

DRIVE BY BIRTHDAY OR OTHER PARTY

LIFE BALANCE"

REFER TO FAMILY OR

CHECK HOW MUCH TOILET PA-

BINGE A TV SERIES

FOR FRIDAY

PET AS A COWORKER

DAY OF "WORK

"THIS DAY FLEW BY"

WEAR A MASK

GOOGLE SYMPTOMS OF COVID-19

PER IS LEFT

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Throwback

This page was featured in one of the 1977 issues of the UACPA newsletter.

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5/6/2020

Word Search Puzzle

Word Search

Find all of the words inside the box Words can run horizontally, vertically, diagonally and backward..

academy accountant advocacy analysis artificial Intelligence association assurance audit automation balance BAM big Data bookkeeping budget business cash centennial certified chapters cloud COGS committees conference COVID CPA CPE credit dashboard debit education ethics FIFO financial firm forecast foundation government graphs income intuit inventory journal entry

D L Z V A Q M C J H N W I P O Q A D M X F B O L H Z B Q A J D P F K M M F C X B

D F A R W L S T S O V Y M T H W D C E M B U E D S R Y C I N M R U A U M I G J E

W E R G O O K X I S J O B C K H L Z L U L D T Z W L C L J W A J M N R D H P S Z

J C I R A Q R T N I Z Y G X D Z P A N U P G K J Z O M A F B N S C V E D D B G B

J J O F Q J A J N S K Z E G H J I D O J N E G J U K E S L T V W G L H K H F F M

W Q U M I I Q C G X A T O R O C N U B I H T D N S D J I H Y V S D D F X M H D S

G Q F V C L O V M Z S O Y B N Q F A P A D U T E L K K O K B V F B S W X A V P Y

leadership

LIFO ACADEMY ACCOUNTANT literacy ASSOCIATION AUDITlonprofit BALANCE BAM office BOOKKEEPING BUDGET BUSINESS CASH CENTENNIAL CERTIFIED CHAPTERS COMMITTEES

Z H E O W M A Q X N O A P A J M O R A F M A F T I W Y B L M T T N U J Y Q Q L M

U W S P E A Q U R H I W N A H C P C F B N Z O R C F J O U R N A L E N T R Y G I

G S K W C K N P Q M X I R H A E F A W T E K R O H P I V U W O J Q C N O U Y J X

A K U A F N Z Q Y M F M B O H X S O Y O O J E P B R N L I V U N F A I Z K X B R

H W F H G Z B E J A U L X J Z Q F G U O A I C E V O T T A A V D O H K L I P W T

UACPA

H I S J P U P H M D Q V M M N U F L T N V O A R W F I F L U H F E X A L B L U N

Q U X T D P Y W G E F N V Z L U Z K T C D L S Z K E F P L B Q R Q L A K M U R P

L O A O N M G M N A E S F K S G S K C E L A T V W S O V W W L N V A I F C A P C

V U E Z E E C Y Z S V O L U N T E E R R K I T V J S R B B T R Y U I W X F F W G

T P Q D Z C M I X I M I P G R M F M C T N K T I P I P W L T T Y Y N J V F O O W

profession professional public qualified report

I Z A J O N D E S A K J B Q L Z L S G I N C K E O O N D Y L J R J N C S N J U D

L C F F D A J T T L E A D E R S H I P F M V E D R N O Y D I A Q D E G F F I L R

A F L W M L E W F A V C D E Q H U X P I I C V N O A N R N B U D G T Z L D I L A

T J C X L A T Y Y I T K K G U V A C A E I A X Z P Q C K O G Y O D N Q X T Y L K

L M Q M A B B A A N X S F A T R J Y H D L L T P P K M Y L E C Q T E U C G Y Z M

A C F O N P M Z H Y T J A T A V D B Z C A J N P S R X V C F D A K C H Y L J K G

E W T D G X N Q V M Q I L V H Z K Z Y S E R V I C E O N L S W T S A X N R D C V

G N I P E E K K O O B J K N G I K X N D Z E R J T B E F C R F Z P H Y S O D D T

J N G M R X B P C H I O S P U P V S I B I C X E X R K I E L Z T O C Y W P X A I

J X Y A G A O O R Y Z L F C H B H P J W Q V Q W E D H I J S E N O J J X H I D G

M C C L M N R E H E V S T Z V K Y F L Y D Q O F M T H N S R S M K D W D R Z P P

P J U K Q Z V X E O L T T W Z S I X H F L U N C E P Q Z S Y M I T L G T G V U G

risk service social distancing statements tax

X X J J Z H R H N E Y A T L H Q V A M C K O U M N Y H A X I H O O E T N M M Z Q

K I F S S E N I S U B E A G F Q H U T Y C Y V A H R Y J T M U I F N B Y Q X W G

J M Q Q Z A G J O A C L Y O E P D E W T S U Z X Q T V T P U J D B F A Z Q T Q C

A Q O F N A K I N V Z B P Z S M H L D F A A U E E N E V S I E W L R I L L D I T

N F J M L U Q Z T N E M N R E V O G P U U Z M M T E W A V Q T I D E R C E Z S N

D Q P W F Y T U F E U Z H T X O H F G D C Y A R S D I D K Q D C D T I B E D U N

S H U V Q D U Q K P M Y M V A N R F I I S A B O O U W J V Z D F I R M I J F W Q

V D I Q Q W Q E E E A E Q U H O M T U X I J T F D T L X V Z Z D Q V S G K H U E

P R O N E T Q N E I T U N W H F U B C A B E R I I T G S B H S I R P D Q N J D E

F D N J V B Q D A Y D A W T Q Y O H G D Y X M N O Y Q Q E E O O I G B D A C O C

J Q X C V F Q Z V B B G Y B S S L Z M P C W K U X N T Q D A H G S K H Y W V S N

uniform exam unqualified utah valuation working remote zoom meeting

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Color this page (or create your own) and take a photo of you with the image then send it to Amy, as@uacpa.org.

#UACPA100 66

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Clients Need Their Trusted Advisor as Utah Responds to COVID-19

It’s a different world we’re working in.

Paychex supports the efforts of UACPA members with resources and tools you can use to help clients navigate the complexities of getting back to business amid the pandemic.

• CARES Act and Families First Coronavirus Response Act • PPP Loan Forgiveness Estimator • Business continuity plan Check out these and other resources at payx.me/uacpa-covid-19

Take advantage of the Accountant Knowledge Center, with its free online resources.

• Updated daily news • State law summaries on compliance topics • Registrations for upcoming webinars Gain access at payx.me/akc Don’t forget: You can access AccountantHQ, a dashboard to manage all client data.

Paychex is proud to be an endorsed provider for the UACPA.

© 2020 Paychex, Inc. All Rights Reserved. | 6/19/20

CPECourseSchedule

Register online at uacpa.org, or call the UACPA office at 801-466-8022.

DATE

CPE

COURSE TITLE

INSTRUCTOR

VENDOR

NONMEMBER MEMBER FEE* FEE

OCTOBER 10/16/20

8

Accounting & Auditing Update for Small Businesses

Marty Van Wagoner

AICPA

$190

$345

10/21/20

4

Preparation, Compilation, and Review Engagements: Update and Review

Marty Van Wagoner

AICPA

$170

$195

10/21/20

4

Revenue and Cash Receipts: Common Frauds and Internal Controls

Marty Van Wagoner

AICPA

$170

$195

10/22/20

8

Annual Update for Controllers

Curtis Quickel

AICPA

$290

$345

10/23/20

8

Analytics and Big Data for Accountants

Curtis Quickel

AICPA

$290

$345

10/26/20

8

K2's Case Studies in Fraud and Technology

TBD

K2

$290

$345

10/27/20

8

K2's Office 365 - All the Things You Need to Know

TBD

K2

$290

$345

10/30/20

4

Interpreting the New Revenue REcognition Standard: What All CPAs Need to Know

Marty Van Wagoner

AICPA

$170

$195

10/30/20

4

The Bottom Line on the New Lease Accounting Requirements

Marty Van Wagoner

AICPA

$170

$195

11/5/20

8

Governmental and Not-for-Profit Annual Update

Roger Cusworth

AICPA

$290

$345

11/6/20

8

Real-World Frauds Foundin Governments and Not-for-Profits

Roger Cusworth

AICPA

$290

$345

11/9/20

4

Reviewing Partnership Tax Returns: Wha Are You Missing?

TBD

AICPA

$170

$195

11/9/20

4

Reviewing S Corporation Tax Returns: What Are You Missing?

TBD

AICPA

$170

$195

november

11/11/20

8

Intermediate Individual Taxation

11/13/20

8

AICPA's Annual Federal Tax Update

11/18/20

8

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes

11/19/20

8

Forensic Accounting Investigative Practices

11/20/20

8

Annual Update for Accountants and Auditors

11/30/20

8

12/1/20

TBD

AICPA

$290

$345

Michael Blackburn

AICPA

$290

$345

Anne Layne

AICPA

$290

$345

Anne Layne

AICPA

$290

$345

Marty Van Wagoner

AICPA

$200

$345

K2's Excel Financial Reporting and Analysis

TBD

K2

$290

$345

4

K2's Best Word, Outlook and Powerpoint Features

TBD

K2

$170

$195

12/1/20

4

K2's Advanced Quickbooks Tips and Techniques

TBD

K2

$170

$195

12/7/20

4

Reviewing Individual Tax Returns: What Are You Missing?

TBD

AICPA

$170

$195

12/7/20

4

Social Security and Medicare: Maximizing Retirement Benefits

TBD

AICPA

$170

$195

12/8/20

8

Hottest Tax Topics for 2020

TBD

AICPA

$290

$345

12/14/20

8

Accounting and Reporting for Not-for-Profit Organizations

John Georger, Jr.

AICPA

$290

$345

12/15/20

8

The New Yellow Book: Government Auditing Standards, 2018 Revision

John Georger, Jr.

AICPA

$290

$345

December

*Early-bird pricing available for classes when registering at least two weeks in advance. (Excludes 4-hour courses and core training courses) AICPA members receive an additional $30 off the price of each 8-hour course (excluding 4-hour courses and core training courses) where the AICPA is listed as the vendor. Use promo code AICPA8 for 8-hour courses.

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Tell Us About a CPA Who Should Be Honored

The UACPA Awards Task Force is accepting nominations for CPAs to be honored at our Sept. 24 event!

Award Categories Distinguished Service CPA in Business & Management CPA in Public Practice CPA in Government & NonProfit Leadership Council Member Outstanding Educator Rising Star Women to Watch: Experienced Leader • Women to Watch: Emerging Leader • • • • • • • •

Nominate a CPA at uacpa.org/nominate Submit nominations by July 15, 2020

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69

Member Benefits

The UACPA's Affinity Partners help you get the most out of your membership Beehive Insurance Groups with 2 to 100 eligible employees can participate in medical, dental, vision, telehealth and voluntary onsite programs through this plan. For more information, contact Todd Valentine, 801-743-7788 or tvalentine@beehiveinsurance.com.

National Affinity Service

Identity protection experts have you covered for $12.95 per month or $16.95 per month for a family. Visit healthwealth.fit/ uacpa_infoarmor.

CCH

UACPA members receive a discount on the U.S. Master Tax Guide and more. Visit cchgroup.com and use code Y3819.

Payroc

Payroc, a full-service payment processing company, makes it easier and faster for your clients to pay you, and can even eliminate the vast majority of the fees a firm pays for credit card processing. Contact Colby Poulson at 801-951-8110 or colby.poulson@payroc.com.

Camico

The Mutual Insurance Company offers UACPA members a variety of benefits. To learn more, call 800-652-1772 or email inquiry@camico.com.

The UACPA Honors 100% Membership Congratulations to the firms and businesses currently participating in the UACPA's 100% membership program. This demonstrates their commitment to the profession, to the association's high ethical standards and a commitment to life-long learning.

PUBLIC PRACTICE • CBIZ • Cook Martin Poulson • Davis & Bott • Eide Bailly • Haynie & Company • Hinton Burdick • Jones Simkins • PricewaterhouseCoopers • Savage Esplin & Radmall • Squire • BKD • Tanner LLC INDUSTRY • LDS Church Auditing Department

Office Depot/Office Max

UACPA members can save up to 80% on office products, printing, technology and furniture. Visit officediscounts.org/ uacpa to learn more.

Paychex

Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services offers one month of free payroll, retirement, and HR services and six-month, money-back satisfaction guarantee for payroll and retirement services. For more info, visit Paychex.com/accounting-professionals.

Learn more about member benefits by talking to Amy Spencer, as@uacpa.org or calling 801-466-8022 70

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Firms with 10 or more full-time CPAs are eligible to be a part of the 100% membership program. Learn more by talking to Tyler Hodges, thodges@uacpa.org or call 801-466-8022.

ContactList Accounting Issues When UACPA members have questions about accounting issues, help is available from the UACPA Accounting Issues Committee.

Each month, a member of the committee is assigned to answer accounting questions and help you interpret the rules as they apply to your particular situation. The following members may be contacted during the months listed.

July

August

Ted Rokich 801-263-3090 trokich@fdic.gov

Mark Anderson 801-532-7800 markanderson@hayniecpas.com

IN MEMORIAM H. Val Hafen November 25, 1940 – May 20, 2020 UACPA member since 1973

Gary Giles June 2, 1937 – January 28, 2020 UACPA member since 1966

September

Lynn Morris Carlson

Mark Anderson 801-532-7800

May 4, 1942 – April 29, 2020

markanderson@hayniecpas.com

UACPA member since 1968

CPE Approval - Does This Qualify?

When UACPA members have questions regarding CPE approval and whether or not something may or may not qualify, they can turn to the UACPA CPE Approval Committee for answers. Each month, committee members are assigned to answer member questions related to CPE approval. Below are the members who may be contacted with your questions.

July - September Steve Avis 801-532-7800 stevea@hayniecpas.com

Scott L. Robinson 801-990-5918 srobinson@tannerco.com

Classified Ads To place your classified advertisement and reach Utah CPAs, contact the UACPA at mail@uapca.org.

Interested in Buying a Practice? See local and nationwide listings at www.APS.net and register for free email updates or call us at 1-800-397-0249.

THINKING OF SELLING YOUR PRACTICE? Accounting Practice Sales is the leading marketer of accounting and tax

Tax Issues The Tax Issues Committee focuses on legislative and regulatory issues and does not answer technical questions. For assistance with a technical matter, please refer to the UACPA referral tool at uacpa.org. Send questions related to legislative or regulatory issues to taxissues@uacpa.org.

practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices now. We also have the experience to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. To learn more about our risk-free and confidential services, call Ryan Pannell with The Holmes Group at 1-800-397-0249 or email Ryan@APS.net.

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71

UTAH ASSOCIATION OF CPAS

Nonprofit Org.

136 S. MAIN STREET, SUITE 510

U.S. Postage

PAID

SALT LAKE CITY, UT 84101

Salt Lake City, UT Permit No. 1996

Centennial Gala September 24 + Awards and Inauguration

Grand America Hotel 6 p.m. social 7 p.m. dinner and program

Keynote Speaker Ken Jennings Plated dinner will be served. $100 per person; $150 per couple $600 for a table/event sponsorship (includes table for 10 and logo on event material) 72

the journal entry | July 2020