The Bottom Line, 2021 edition

A CPE publication by the Wisconsin Institute of CPAs for accounting and business professionals

2021 Edition

Develop your skills.

Update your knowledge base.

Advance your career.

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Ethics

Accounting Automation

Taxation

Technology

Finance

Human Resources

Stress Relief

CPE Requirements

CONTENTS

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Features 4 Professional Development Online and in-person CPE for the coming year

22 Finance Getting the crucial IT collaboration right

6 Ethics Don’t get caught in the crossfire

28 Human Resources Supercharge your employee retirement plan

By Tammy J. Hofstede, WICPA President & CEO

By Mark E. Schmidt, JD and Steven M. Szymanski, MBA, JD

10 Accounting Automation RPA in finance

By Tom Wojcinski, CISA, CRISC

14 Taxation International tax: the basics of income sourcing

By Patrick J. McCormick, Esq.

By Natalie Rooney

By Joseph Topp, CPA

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32 Stress Relief Convo with a cartoonist ... who’s also a CPA

By Marcia Tillett-Zinzow

34 Committee Highlights Conference Committees

18 Technology Stop the emails!

By Jennifer Buchholz

Inside back cover

CPE & Special Events REGISTRATION 39

BREAKFAST PROGRAMS 46

REGISTRATION FAQs 71

ONLINE CPE 40

SEMINARS 52

CPE CALENDAR Inside back cover

CONFERENCES 44

CPE REQUIREMENTS 68

2021 EDITION | wicpa.org A publication of the Wisconsin Institute of CPAs

INSIDE STAFF Tammy Hofstede President & CEO Ext. 4518 tammy@wicpa.org The CPE publication for accounting and business professionals The Bottom Line is published annually by the Wisconsin Institute of Certified Public Accountants (WICPA). Change of address should be sent to: WICPA Membership, W233N2080 Ridgeview Parkway, Suite 201, Waukesha, WI 53188; Phone: 262-785-0445 or 800-772-6939; Fax: 262-785-0838; email: comments@wicpa.org. Statements and opinions expressed are those of the authors and not necessarily those of the WICPA. Publication of an advertisement does not constitute an endorsement of the product or service by The Bottom Line or the WICPA. Articles may be reproduced with permission. © Copyright 2021 The Bottom Line.

Tony Hofstede Marketing & Technology Director Ext. 4508 tony@wicpa.org Brett Stallman Graphic Design Manager Ext. 4512 brett@wicpa.org

Abbie Bottom CPE Program & Event Coordinator Ext. 4505 abbie@wicpa.org Trevor Smith Accounting Manager Ext. 4517 trevor@wicpa.org Marcia Tillett-Zinzow Editor mtzinzow@icloud.com

Join us online!

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Le t’s make the conne ct ion.

INTRODUCING A NEW WAY FOR WICPA MEMBERS TO COLLABORATE WICPA Connect is your new and exclusive members-only networking and knowledge base designed to connect you with WICPA members and resources.

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The Bottom Line | 2 0 2 1 E d i t i o n Connect with thousands of fellow members now at wicpa.org/connect

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Online and in-person CPE for the coming year

By Tammy J. Hofstede

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ast year at this time, we thought we’d be closer to “back to normal” than the pandemic has allowed us to be. We indicated in last year’s The Bottom Line that we’d be livestreaming all conferences, breakfast programs, seminars and other trainings through April 30, 2021.

However, since our planning is done nearly a year ahead of time and we wished to ensure everyone’s safety in an uncertain environment, we will continue to hold most of our programs as livestream through the end of 2021.

Continued livestreaming of our programs will allow us to keep reduced CPE prices for members and enable you to conveniently learn from your home or office.

Also, in the interest of convenience, we’ve partnered with select vendors to offer you thousands of online CPE opportunities, including webinars, self-study and on-demand options.

December 31, 2021, will mark the end of the twoyear CPE reporting period for WICPA membership and CPA license renewal. To assist members with their CPE, the WICPA will again offer free CPE programs comprising a three-part technology series and one selected program from each of our conferences that will include ethics. That’s 12+ complimentary new formal CPE credits, plus the free programs already in our course catalog.

In addition, we have planned more two- to fourhour livestream programs with the popular Wednesday and Friday breakfast program season passes. Season passes offer a great cost savings and are an easy way to register for individual programs all at once.

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Continued livestreaming of our programs will allow us to keep reduced CPE prices for members and enable you to conveniently learn from your home or office.

Back to normal soon We are optimistic that we will hold our popular Individual Income Tax Update breakfast program in person, with the breakfast program also offered in multiple locations. Planning for the 2022 conferences is already in process for in-person attendance.

We at the WICPA wish all our members a great year of CPE and look forward to seeing your faces again in 2022!

Tammy J. Hofstede is president & CEO of the WICPA. Contact her at 262-785-0445 ext. 4518 or tammy@wicpa.org.

wicpa.org

Prepare for your future now.

ATTENTION! THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2021

Wiley's CPA Review Courses provide you adaptive and customized study to ensure YOU pass the exam the first time - just like 90% of our students.

www.efficientlearning.com/partner/wicpa

Reporting Period: Jan. 1, 2020 – Dec. 31, 2021 CPE Requirement: 80 total CPE credits Ethics Requirement: 3 Ethics CPE credits Visit wicpa.org/CPErequirements for more information about CPE requirements.

UPCOMING WICPA CONFERENCES Y OU R S OURCE FOR KEY UPDAT ES & INS IG HT S ON T IM ELY ISSUES

Tax Conference Monday, Nov. 15 & Tuesday, Nov. 16 WICPA CPE Livestream

Business & Industry Fall Conference Tuesday, Sept. 21 WICPA CPE Livestream

Accounting & Auditing Conference Thursday, Nov. 18 WICPA CPE Livestream

Not-for-Profit Accounting Conference Thursday, Sept. 23 WICPA CPE Livestream

Accounting Technology Conference Tuesday, Dec. 7 WICPA CPE Livestream

Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences.

wicpa.org

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Ethics l Conflicts of interest

Ethical considerations when owners of closely held businesses feud

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wicpa.org

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By Mark E. Schmidt, JD and

Steven M. Szymanski, MBA, JD

awyers often joke that when owners of closely held businesses need legal advice, they call their accountants.

While this of course is jest, the role of accountants as trusted advisors to their clients is serious. This trusted relationship may lead to an uncomfortable and potentially unethical situation if a dispute occurs among business owners who are clients. Wisconsin CPAs are subject to ethical rules, including the AICPA Code of Professional Conduct and the Wisconsin Accounting Examining Board (AEB) Rules of Conduct. Violation of these rules can lead to ethical investigations, malpractice claims, and a loss of clients and future business.

In many instances, relationships with clients grow organically over a lengthy period of time. The client and the CPA develop a high level of interdependence, respect and trust. Often the CPA who provides accounting services to the closely held business also provides accounting services to the owners and their family members — rendering them all the CPA’s “clients.”

In these instances, if the relationship between the clients sours, the ethical implications change.

Some of these disputes lead to lawsuits, “business divorces,” and liquidation or dissolution of companies.

Attorneys play a highly visible role in those disputes as advocates. Although less visible, CPAs are also at the center of the disputes and can find themselves caught in the crossfire.

Consider these two real-life examples: • Disputes among owners of a closely held business are often resolved with the buyout of an existing owner. This is a fairly common situation that may create ethical conflicts. A closely held business and its owners will likely seek the advice of their wicpa.org

CPA when considering the proposed buyout.

The accountant may be asked to advise the parties on the appropriate or fair purchase price for the ownership interest, the structure of the transaction, financing for the transaction and the potential tax consequences to each party resulting from the transaction. The CPA may even advocate for the position that the remaining owner desires.

However, each of these issues highlights the fact that each party may have an interest that is directly adverse to the other party. In such a scenario, should the CPA advise all parties, or should the parties each seek the advice of a separate CPA? • Another even more challenging situation is when there is a dispute about the ownership of a closely held business; that is, one party claims it has ownership and control of the closely held business, while the other party challenges the claim. In such a case, the CPA servicing the closely held business may be directed to take certain actions that are directly adverse to the other business owner. These actions could include a request (a) to file tax returns in a manner inconsistent with the disputed ownership, (b) to classify certain business expenses so they cannot be identified by the nonoperating owner or (c) to account for payments received by one owner contrary to the other owner’s characterization. One owner may ask the CPA for information about the other owner that the accountant learned through providing personal accounting services to the other owner or the owner’s family members. In such a scenario, should the CPA follow the directions of one owner to the potential detriment of the other owner?

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The AICPA and Wisconsin AEB’s Rules of Conduct provide guidance for these situations. The AICPA Integrity and Objectivity Rule states that in the performance of any professional service, an accountant shall: (1) maintain objectivity and integrity, (2) be free of conflicts of interest, (3) and not knowingly misrepresent facts or subordinate his or her judgment to others.i Objectivity “imposes the obligation to be impartial, intellectually honest and free of conflicts of interest.”

Independence means avoiding relationships “that may appear to impair a member’s objectivity.”ii A conflict of interest is determined objectively by “taking into account whether a reasonable and informed third party who is aware of the relevant information would conclude that a conflict of interest exists.”iii A CPA has a duty to not disclose any confidential client information obtained in the course of an engagement except with the consent of the client or when compelled by law.iv Above all else, accountants in public practice must exercise due care, which requires them to “observe the profession’s technical and ethical standards.”v Maintenance of objectivity and independence requires a continuing assessment of client relationships and public responsibility.vi As the above examples demonstrate, client actions that are beyond the CPA’s control regularly give rise to ethical challenges. Yet even if the CPA had no role in creating the situation, the CPA is responsible for understanding how potential and actual disputes among clients implicate the CPA’s professional duties.

A sound practice for CPAs is to constantly monitor for possible conflicts. Once identified, potential conflicts should be evaluated, including with counsel, and then disclosed as may be appropriate. In some instances, a CPA may represent both parties when there is a conflict, provided that the clients both provide informed consent to waive the conflict and the CPA believes the service can be performed with objectivity.

Alternatively, if the conflict cannot be waived or compromises the CPA’s ability to perform services consistent with the ethical rules, then termination of services is appropriate.

Disputes among clients are inevitable. Having sound procedures in place to promptly identify, evaluate and

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Having sound procedures in place to promptly identify, evaluate and act on potential conflicts of interest helps ensure the CPA is not collateral damage in a battle properly fought among the clients. act on potential conflicts of interest helps ensure the CPA is not collateral damage in a battle properly fought among the clients. i AICPA Code of Professional Conduct, Rule 1.100.01 ii AICPA Code of Professional Conduct, Rule 0.300.050.02 iii AICPA Code of Professional Conduct, Rule 1.110.010.01 iv Wisconsin Accounting Examining Board Rules of Conduct, Accy 1.301 v AICPA Code of Professional Conduct, Rule 0.300.60 vi AICPA Code of Professional Conduct, Rule 0.300.050.04

Mark E. Schmidt, JD, is a shareholder with von Briesen & Roper s.c.

Contact him at 414-287-1249 or mschmidt@vonbriesen.com.

Steven M. Szymanski, MBA, JD, is also a shareholder with von Briesen.

Contact him at 414-287-1406 or sszymanski@vonbriesen.com.

wicpa.org

Nancy M. Bonniwell, J.D.

Terri S. Boxer, J.D.

Robert E. Dallman, J.D., LL.M.

Thomas P. Guszkowski, J.D., LL.M.

Megan K. Heinzelman, J.D., LL.M.

Jeffrey L. Hesson, J.D., CPA

Courtney A. Hollander, J.D.

Megan L.W. Jerabek, J.D.

Thomas J. Kammerait, J.D., CPA

Kelly L. Krause, J.D.

Benjamin D. LaFrombois, J.D.

Marcus S. Loden, J.D., LL.M.

Thomas A. Myers, J.D.

Randy S. Nelson, J.D., CPA

Thomas J. Phillips, J.D., LL.M.

David J. Roettgers, J.D., CPA

John A. Sikora, J.D.

Adam N. Skarie, J.D.

Steven M. Szymanski, J.D., MBA

Robert B. Teuber, J.D.

Peter J. Walsh, J.D., LL.M.

Curtis C. Walther, J.D.

Daniel S. Welytok, J.D., LL.M.

Tax Lawyers for Taxing Times. von Briesen’s team of experienced tax lawyers, many of whom have advanced designations, help businesses and individuals navigate the increasingly complex tax laws.

The bottom line? We get results.

To learn more about our Tax Law Section and the services we offer, please contact Robert Mathers, Tax Section Chair, at rmathers@vonbriesen.com.

vonbriesen.com/tax wicpa.org

Robert A. Mathers, J.D., CPA, Section Chair

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Accounting Automation l Data security

RPA

IN FINANCE What to know about security before you set the robots loose

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wicpa.org

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By Tom Wojcinski, CISA, CRISC

obotic process automation (RPA) refers to software (“bots”) that can carry out defined, repeatable, logic-based tasks.

RPA tools can help finance scale with the business, reducing the number of manual tasks required of your human staff.

Your IT team has the ability to set and manage security controls, but they may not always understand the context or the business impact of a particular application.

RPA can be applied in any number of finance tasks from AR and AP processes (three-way match, issuing POs, order receipt, credit analysis) to general ledger operations (reconciliation, monthly close, journal entry processing) and more.

To take advantage of this technology, you need to be sure it’s being used appropriately. Your IT team has the ability to set and manage security controls, but they may not always understand the context or the business impact of a particular application. It’s up to the business users — the process owners — to be sure they’re defining expectations for how the application is secured.

If you have software that’s going to run unattended, here are 10 data management issues you should be concerned about.

1

Proper implementation

Do the bots process data as intended or completely inaccurately? Document your testing and verify the bots work correctly from the beginning when you turn them on.

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Permissions and bot credentials

Can you trust that bot-produced data has not been altered? Can you protect confidential data from being leaked (purposefully or accidentally) by a bot and its developers?

Managing bot permissions is a twofold issue. First, the bot is configurable — someone has to tell it what to look at and where to store its information.

Those permissions should be limited to a very small group of authorized employees. Second, the bot itself will have credentials that allow it to access your systems. You want to be sure that bot has the narrowest access necessary to do its job. wicpa.org

Furthermore, the bot’s passwords need to be properly encrypted and secured to make sure an unauthorized user can’t utilize it to access your accounts.

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Traceability

Can you monitor and track bot activities to identify misuse? Ensure you can capture all bot activity and that audit logs of bot transactions are distinguishable from transactions entered by employees. Bots should not operate under an employee account.

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Change controls

Business processes change over time, and your bots need to keep up. Review bots regularly to make sure they’re working accurately with current business practices. And once a bot has been edited, follow change control processes (approvals, testing, version control) to validate bot functions and ensure they’re approved to run in your production environment.

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Exceptions

Every so often your bot is going to run into something it doesn’t like and fail. Put processes in place to make sure those errors are identified and transactions can be reprocessed completely and accurately.

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Evaluate bot fails to understand why and how often the error is occurring. Analysis can help optimize bot operation, data inputs or business workflows.

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Attack surface

Like any new software system, bots create a new attack surface. If your bot is running in the cloud, and your cloud provider is compromised, could the attacker use bot credentials to move laterally within your environment? Again, limit bot permissions to the narrowest functions possible.

Alternately, if your bot is running on-premises, has your team implemented remote access technologies to control the bot remotely while working from home? You’ll need to make sure not to inadvertently expose those bots to the internet, which could allow an attacker to take control. Avoid such exposure (preferable) or enable multifactor authentication.

7

Patch and vulnerability management

Just because your bots run automatically doesn’t mean they’re 100% self-sufficient. Like any system, security flaws will be identified, and your bot platform will need updates and security patches.

8

Backup and recovery

You’ll want assurances that backup systems are secure and periodically tested so you know you can restore your bots or quickly redeploy them.

9

Business continuity

What will you do if your bots stop working due to a system outage or some unresolved error? When 12 The Bottom Line | 2 0 2 1 E d i t i o n

introduced to handle core business functions at scale, bots can become a single point of failure in your workflow. Consider how bot functions will be covered under business continuity plans.

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RPA partners

If you’ve purchased a cloud-based automation package under a software-as-service model, you’re using a utility that someone else runs in their environment. In that model, there are security expectations, and the vendor should be able to provide some assurances in how they manage your system security.

Do you have the necessary expertise to evaluate risk? This is not a function that can be entirely outsourced to your IT team. It’s important that you, as a finance leader, feel comfortable vetting both internal solutions and external software partners to ensure they have the appropriate safeguards in place.

Consider infrastructure, team experience, policies, procedures and ongoing risk management processes.

When implementing RPA for an accounting function, expect a SOC 1 report at a minimum. That report should explain the design and effectiveness of the IT general controls in place. Better yet, a SOC 2 will provide explicit details on cybersecurity controls and risk management processes.

Pay close attention to these reports to be sure you’re confident in the effectiveness of your vendor’s cybersecurity controls. A third-party consultant can assist with vetting and help you build your skills in this area. wicpa.org

Leverage your existing controls

RPA can go a long way toward improving productivity by taking repetitive, routine tasks off your staff’s to-do lists. But before adopting RPA, plan carefully to protect your organization from security breaches and critical bot failures.

Risk management should include a governance framework, audit logs, password management, access limits, change controls, continuity plans and periodic assessments.

Basically, you know all those IT general control best practices around your ERP system that your auditor has been talking about for years? Those all apply to your RPA platform. The principles remain appropriate and relevant.

Results that transform Empowering individuals and organizations to dream bigger and accomplish more — time and again.

wipfli.com Tom Wojcinski, CISA, CRISC, is director of cybersecurity and technology management for Wipfli LLP, Milwaukee. Contact him at 414-431-9300 or thomas.wojcinski@wipfli.com.

Audit | Tax | Consulting | Private Wealth

Interested?

Contact Marcia Tillett-Zinzow, editor, at mtzinzow@icloud.com. wicpa.org

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Taxation l International tax

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wicpa.org

International Tax: The Basics of Income Sourcing

By Patrick McCormick, Esq.

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foundational consideration in the international tax realm is rules regarding income sourcing. For nonresidents, whether income is U.S.-sourced ultimately dictates the extent of American tax exposure.

This article explores sourcing considerations under the Internal Revenue Code (and associated regulations) for some of the most common income categories earned by multinationals.

It does not address income tax treaty relief available to nonresidents residing in a treaty party jurisdiction. While the same general sourcing rules are applicable to treaty party residents, treaties can substantially modify the rates and scope of American tax.

Interest

Under American rules, interest on notes, bonds or other interest-bearing obligations of residents or domestic corporations are sourced to the United States. Interest for sourcing purposes includes original-issue discount and amounts treated as interest on certain deferred payments. Irrespective of sourcing, however, expansive exceptions exist to American tax of interest income earned

wicpa.org

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While the same general sourcing rules are applicable to treaty party residents, treaties can substantially modify the rates and scope of American tax. by a nonresident. Portfolio interest received by nonresidents from American sources is not subject to American taxation; interest paid to nonresidents on deposits with banking institutions and savings and loan associations and specified interest paid by insurance companies are also excluded from tax.

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Dividends

Rents and royalties

Personal services

Property disposition

Under statutory U.S. rules, dividends whose beneficial owners are nonresidents are subject to tax by the U.S.; dividend income is sourced to the place of incorporation of the payor. The rule is applicable for payments normally considered dividends under the Code — distributions from corporate entities with either accumulated or current earnings and profits. Income generally treated as dividends under Code provisions — like constructive dividends — is treated as dividends for sourcing purposes.

Income from the performance of services — whether as an employee or on an independent basis — is sourced to the country where services are performed.

Where a nonresident receives income for personal services performed both inside and outside the U.S. (i.e., an employee compensated through an annual salary who splits workdays in a given year between the U.S. and Mexico), allocation between countries based on workdays is required; in most cases, apportionment on a time basis is appropriate. Similar sourcing rules apply to multinational, multiyear compensation arrangements — where compensation is taxed to an employee in one taxable year but is attributable to services performed in multiple years.

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Income from the use of property — primarily rents and royalties — are covered under Sec. 861(a)(4), with both rents and royalties sourced based upon the property’s place of use. For intangible property, sourcing focuses on where the licensee (1) maintains the legal ability to use an intangible and (2) actually uses the intangible. Where a nonresident generates royalties from foreign markets, the income is foreignsourced even if conversion of the intangible into its tangible end-user format occurs in the United States.

Income from the sale of nondepreciable personal property by a U.S. resident is sourced to the U.S., with special rules applicable for depreciable property (discussed separately below); personal property sold by a nonresident is sourced outside the U.S. Depreciable personal property is sourced under separate rules.

Patrick McCormick, Esq., is a partner at Culhane Meadows PLLC and practices exclusively in the area of international taxation. He can be reached at pmccormick@cm.law.

This article was first published in New Jersey CPA magazine, a publication of the New Jersey Society of CPAs, and is reprinted with NJCPA permission.

wicpa.org

UPCOMING WICPA CONFERENCES YOU R S OU R CE FOR KEY UPDAT ES & I N S IG H TS ON T IM ELY ISSUES

IMPLEMENT

SUCCEED

LEARN

NETWORK

SAVE THE DATE!

Business & Industry Fall Conference Tuesday, Sept. 21 WICPA CPE Livestream

Tax Conference Monday, Nov. 15 & Tuesday, Nov. 16 WICPA CPE Livestream

Not-for-Profit Accounting Conference Thursday, Sept. 23 WICPA CPE Livestream

Accounting & Auditing Conference Thursday, Nov. 18 WICPA CPE Livestream

Accounting Technology Conference Tuesday, Dec. 7 WICPA CPE Livestream

WICPA members save up to $150 on registration!

Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences. wicpa.org

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Technology l Microsoft Teams

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wicpa.org

Use Microsoft Teams for communication and collaboration.

E

ven before the pandemic forced us to work from home, email use had been on the rise. The number of messages in our inboxes continues to climb, and daily email volume has increased dramatically due to the absence of informal communication that naturally

By Jennifer resulted from being in the office.

Buchholz We need to put a control on this volume. This article will explain several ways to reduce the messages in your inbox, improve productivity and increase teamwork without increasing the volume of emails.

emails should become 1 Group Teams Channel posts.

the same time if you want). No more old versions floating around via email. All editing can happen on the most recent version. This approach leads to less confusion and reduced redundancy.

and meeting notes belong 3 Agendas in Teams OneNote.

Once we kept a paper notepad for our meetings.

We’d print the agenda and make notes on that as well. The online comparison to that approach is using OneNote in Teams. Create a notebook for the team.

Create a section for all the meeting notes. Each new meeting gets its own page. All important meeting data can be captured in one place. This leads to more accountability and less frustration for those who may have to miss a meeting.

Think about how much digging you have to do to get a new person up to speed on a project. I have sent bunches of emails to that new person so they have everything they need — but there’s no context. And it’s a lot of work. If those conversations take place in the Teams Channel, when a new person is added to the team they automatically have access to the history and can review notes as needed. If an email happens to slip by out of habit, it can be forwarded to the channel and deleted from email. This approach keeps all the topical conversations in one place. And since Teams is searchable, you can find items easily when needed.

attachments should become 2 File shared files in Teams.

If you have file names that include v.1, v.2, v.3, v.final, v.final final, v.no really it’s final — there’s a better way. Get everyone into the same file (even at

wicpa.org

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BONUS TIP: The Record Audio feature in OneNote is indexed.

That means that if someone takes notes of key phrases in OneNote while recording, an index marker is added, and the replay can be set to that indexed area. Think of it like a bookmark — a way to track important conversations that may need to be referenced in the future.

— but sufficient — rights to communicate, file-share and be assigned tasks. Need to get someone’s attention in a Teams Chat? Use the @mention feature to tag them in the message and trigger an alert.

The good news is that Teams and the associated Microsoft 365 applications are updating monthly. If you’re curious about what’s coming for these tools, check out the M365 roadmap at www.microsoft.com/en-us/ microsoft-365/roadmap.

Additionally, the use of Teams is increasing at an exponential rate.

“Microsoft Teams saw a huge uptick in users during the pandemic, rising from 20 million users in November 2019 to 44 million in March 2020, then 75 million by April [2020].”

– David Curry, BusinessofApps.com

“

Use Chat to avoid overloading your

4 inbox.

Do you want to go to lunch? Did we get their signed agreement? These are quick questions that should not be clogging up your inbox. In fact, in the ideal world of Microsoft, the volume of emails sent internally should drop significantly. For messages like this, use the Chat feature in Teams. Whether it’s a 1:1 private message, a small group chat, a quick “Meet Now” call, a video call or even screen-share options, Teams Chat is the place to do this. Keep these conversations out of email — they will get quicker responses in Chat. Just need an acknowledgement that a message was received? Ask for a reaction like Thumbs Up once the message has been read.

Guest Access to add people 5 Enable from other companies.

Working with external team members or want to communicate with customers/clients/vendors? If your organization has enabled Guest Access, you can add people from other organizations to your team. This continues to keep all information in one place for easy access by all stakeholders. “Externals” do have limited 20 The Bottom Line | 2 0 2 1 E d i t i o n

“Microsoft now has 145 million people using its Microsoft Teams communications app. This is another increase of 26% since Microsoft revealed Teams usage had jumped during the pandemic to 115 million daily active users in October 2020.”

– Tom Warren, TheVerge.com

Virtual communication and collaboration are here to stay, no matter whether we’re back in the office or still working from home. Teams is the place to be.

Whether you’re on a web browser or a desktop or mobile app, with Teams you can stay connected for all your communication and collaboration needs.

Implementing and transitioning to Teams requires some changes in habits, both personally and organizationally. If you have any questions about how to introduce your organization to Teams or how to better leverage the tool, don’t hesitate to reach out.

Jennifer Buchholz, founder and lead trainer at Milwaukee-based Excel & Flourish, is a Microsoft Certified Trainer, subject-matter expert and productivity coach who has been an engaging geek for over 20 years.

Contact her at 414-209-5432 or jennifer@excelandflourish.com.

wicpa.org

2021 WICPA

GOLF OUTING FRIDAY, SEPT. 17 – Ironwood Golf Course, Sussex

SCHEDULE

144 PERSON LIMIT

REGISTRATION INCLUDES

8:30 a.m.

4-Person Scramble

18 Holes of Golf With Cart

Registration

$90 per Golfer

Practice Greens & Driving Range

$360 for Foursome

Continental Breakfast & Hot Lunch

9:00 a.m.

Practice Greens & Driving Range

Beverage Vouchers

HOLE & EVENT PRIZES $500 Inside the Circle Contest

10:00 a.m.

$500+ in Individual Awards

Shotgun Start

$500+ in Team Awards

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Hole & Event Prizes Awards Reception & Appetizers

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For more information and to register, visit wicpa.org/GolfOuting.

21

Finance l Collaboration

&

Finance

IT

Getting the Crucial Collaboration Right

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The finance and information technology departments used to be seen as adversaries, but a transformation is occurring — because when finance and IT collaborate, the strategic results are undeniable.

By Natalie Rooney

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2019 Robert Half survey1 found that 82% of CFOs collaborate more frequently with their company’s chief information officer (CIO) than they did in 2016. It’s a statistical sign of the growing partnership between finance and information technology (IT) that has become the new operational standard, says Michelle Reisdorf, Chicago regional vice president for Robert Half. “With technology affecting nearly every business area, teams must work together to pave the way for smooth integration of new systems and processes and a focus on higher-value work,” she says. “Organizations that fail to effectively collaborate risk losing revenue, operating with inadequate business systems, committing regulatory missteps and watching IT costs run amok.”

Brian Klingbeil is the chief strategy officer at Ensono, a Downers Grove, Illinois-based IT service provider for large enterprises, working with everything from legacy to modern systems. Over the past decade, he has seen the relationship between finance and IT transform. “You can’t even order a pizza without computers and software being a key part of the experience,” he says. “IT isn’t just a back-office set of systems; it’s integral to a company’s revenue stream. IT is now part of the product itself.”

Rich Nanda, Deloitte’s U.S. strategy offering leader, says the firm spends a lot of time developing this vital partnership between finance and IT. “Finance has transformed from controllership to more of a business advisory and co-pilot role,” he says. “Finance needs to have a sophistication about what’s going on in the outside world and the implications on earnings and ROI.” That begins with understanding what the IT team and technology as a whole has to offer. “We need new sources of data and intelligence,” Nanda says. “Old technology can’t keep up. Finance and IT need to work together to build those capabilities.”

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Organizations that fail to effectively collaborate risk losing revenue, operating with inadequate business systems, committing regulatory missteps and watching IT costs run amok.

— Michelle Reisdorf The art of the possible

Finance and IT teams both have unique and deep knowledge of how their organizations operate, but without collaboration, each team is only seeing a fragment of the whole. When Klingbeil was senior vice president of financial planning and analysis at a global IT company, he wandered into the IT department one day and quickly realized that what he saw on his spreadsheets was only a small part of the bigger picture.

“My entire perspective changed,” he says. “There was so much information and knowledge available that never made it to my general ledger.”

While IT has access to a treasure trove of data, the department itself may lack the knowledge or ability to synthesize that data in a way that can lead to strategic

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insights. “Close relationships between finance and IT leaders can fix that,” Klingbeil says.

Reisdorf says the basic goal of a partnership between the two is to ensure the organization’s systems and strategies are effective. “High-level, organization-wide initiatives ranging from technology investments and data lakes to security and compliance require the expertise of finance and technology executives — and a strong working relationship between the two — to succeed,” she notes.

Once the collaboration between finance and IT starts clicking, Klingbeil says it’s like lifting a curtain. He offers an example: “We knew the unit price we were charging a client was low, but we thought we were making it up in volume.” Data from IT revealed a different story: The client represented 3% of revenue but 21% of service desk volume. “We had never matched the data,” he says. They parted ways with the client soon after the analysis.

What else is possible when finance and IT collaborate?

Smarter IT investments: One of the quickest and most impactful outcomes of this partnership will be more intelligent and targeted IT spending. IT spending is estimated to rise to $3.9 trillion globally2 in 2021, and as the cost of IT rises, so does the necessity of seeing returns on that investment. Ongoing digital transformation initiatives require a substantial allocation of resources and have an enormous impact on a company’s future performance. The IT team can provide expert guidance on which technology can best help to achieve business goals and increase competitiveness, while the finance team can offer financial and operational insights. “Every time we choose to do one thing, we choose not to do something else,” Klingbeil says. “Picking the right investment that will have the biggest financial impact is key.”

Improved information security and compliance: With organizations becoming increasingly reliant on technology, the need to protect sensitive data has never been greater.

Digital breaches come with a very real price tag. Finance and IT leaders must coordinate and develop measures to address the risks posed by cybercriminal activity and compliance demands.

Actionable data analytics: A solid working relationship between leaders in finance and IT can produce the right combination of technologies and processes to extract the most accurate and actionable information for the business — invaluable for driving strategy and measuring success.

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Finance and IT teams both have unique and deep knowledge of how their organizations operate, but without collaboration, each team is only seeing a fragment of the whole.

Rapid scaling: “How quickly you can get to scale is a marker of when things are going well,” Nanda says. “Think about how technology has been implemented traditionally.

It took a long time to get an entire organization on board.”

With finance and IT working together, the process is different — and far faster.

Stability under stress: Nanda says the pandemic was an interesting study in how well new systems perform under stress or rapid growth. Some systems crack. New enterprise software should be able to withstand stress, whether that’s

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At that point, the collaborative relationship has become positive and fruitful. Grossman suggests choosing one project to fine-tune the partnership. “Then get into a cadence with IT to move on to the next improvements.” Recurring monthly operating reviews to share ideas and analyze metrics will keep that relationship alive and successful.

The operational connection

Digital transformation means more links between finance and IT and more potential value to strong relationships and collaboration between the two. It also means that the actual connection between IT systems and the balance sheet is more concrete than ever. The financial impacts of technological failures can include fines from regulators and governing bodies, system downtime, lost clients and security breaches.

more data from new sources or more people tapping into systems. By combining the insights of finance and IT, systems become more stable and durable.

Adaptability: Legacy systems make it hard to pivot under new demands. “What we know about business today is that more curveballs are coming,” Nanda says.

“We’ll be adding customers and suppliers who expect capabilities that are adaptable and nimble. Are we building that in with the tools we use?”

Be curious and brave With the benefits so undeniable, the next step is starting to build a strong, collaborative partnership out of a relationship that has traditionally been largely transactional. Ensono CFO Scott Grossman says it all starts with curiosity and a refusal to be intimidated by the technology itself: “Be the brave person in a meeting who asks the questions,” Grossman advises. “A lot of people are wandering around faking it. When finance teams show genuine curiosity and a desire to learn about the business at a deeper level, the usual outcome is that IT is excited to teach.” He adds that once finance displays a willingness to learn, the IT team will become students as well, learning their effect on the company’s balance sheet.

Once budget season rolls around, collaborating finance and IT teams will find the process easier. When everyone understands the company’s financial goals, they can work with a common understanding.

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“If a system goes down, we stop transacting,” Klingbeil says. “Finance can calculate the costs associated with that and help IT build a business case to maintain proper business continuity and disaster recovery.”

Nanda says as we continue to embed technology into more business workflows, it’s very likely that data and systems will have different exposure points. “Inevitably, a cyberthreat will take hold,” he says. “Nobody’s cybersecurity is perfect. Be proactive and intentional in recognizing the risks, putting plans in place and preparing for inevitable compromises and how you will manage them.”

IT should fully understand the financial implications of technological failures, and financial leaders should learn exactly what the risks of insufficient or poorly executed digital investments look like. With an active, curiosity-driven partnership, finance and IT can find solutions that protect both parties — and the organization as a whole.

A two-way street

A successful partnership between finance and IT requires change on both sides, Nanda emphasizes. In the past, business and functional experts developed technology requirements and then handed them off to IT to implement.

There may have been some collaboration and iteration if IT struggled to find a solution within budget, but Nanda says the old process suffered from “a short-order cook mentality.”

Seduced by the ease and effectiveness of the likes of Amazon and digital assistants like Apple’s Siri, organizations today are seeking intuitive and highly digitized business enterprise models. “You’re seeing companies figure that out, but we still spend a lot of time on that old model.

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Both finance and IT have to appreciate the level of change needed and commit to it,” Nanda explains.

“The business side needs to allocate resources to the technology side in a less transactional way. The technology side needs to bring ideas that push the business in different directions and be a catalyst instead of just delivering a product. These teams need to work together for a greater period of time and with more intense focus. This is a cultural change.”

Klingbeil stresses this point as well. “Finance wants to know why IT’s budget is going up,” he says. “Well, IT is making everyone else more efficient. It creates a struggle, and IT tends to not make the greatest case for themselves. Finance can help with that. Get curious.

Find out what they’re doing. When you do, you’ll see cost savings across the company and create even more when you fund IT properly.”

Meaningful collaboration between finance and IT means that ideas and knowledge are flowing freely between two of the most important strategic centers in any organization. By moving beyond annual meetings

and transactional relationships, this partnership can propel an organization into a very successful future.

1 https://rh-us.mediaroom.com/2019-08-01-Survey-82-Of-CFOs-Collaborating-More-

With-Their-Firms-CIO 2 https://www.gartner.com/en/newsroom/press-releases/2020-01-25-gartnerforecasts-worldwide-it-spending-to-grow-6-point-2-percent-in-2021

This article was first published in Insight, the member magazine of the Illinois CPA Society, and is reprinted with ICPAS permission.

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▪ Independent education AND advice.

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Investment advice offered through Spectrum Investment Advisors, a registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. Spectrum Investment Advisors was named a winner in the micro category for the Milwaukee Business Journal’s 2020 Best Places to Work. Eligible firms are located in the Milwaukee area and have 10 or more full time employees. Of the Business Journal’s 180 firm nominations, 63 winners were selected in five categories. Participating firms had a large percentage of employees complete an online survey created and scored by the Business Journal’s program partner, Quantum Workplace. Winners were chosen based on highest scores in areas such as: personal engagement, communication and resources, teamwork, retention, alignment with goals, trust with co-workers and senior leaders, manager effectiveness and job satisfaction. Spectrum was named a 2020 Top DC Advisor Team by the National Association of Plan Advisors (NAPA), which is a compilation of leading individual advisor teams, ranked by self-reported defined contribution assets under advisement. The 2020 list is made up of 300 teams with more than $100 million in DC assets under advisement. NAPA was created by and for retirement plan advisors and is the only advocacy group exclusively focused on the issues that matter to retirement plan advisors. The 2019 list is made up of 235 teams and the 2017 list is made up of 275 teams, both with more than $100 million in DC assets under advisement. NAPA was created by and for retirement plan advisors and is the only advocacy group exclusively focused on the issues that matter to retirement plan advisors. Spectrum has been named to the 2019 Future 50 list presented by the Metropolitan Milwaukee Association of Commerce (MMAC) and its Council of Small Business Executives (COSBE). The Future 50 program recognizes 50 companies in the seven-county Milwaukee Region that have been experiencing strong growth in both revenue and employment. To qualify for the award a company must be headquartered in the seven-county Milwaukee Region, independently owned and in business for at least three years.

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WICPA Career Center

Post Job Openings l Upload Your Resume l Apply For Jobs

Whether you’re looking for a new career or a new employee, the WICPA’s new and enhanced Career Center can help you make the most of your search.

The Bottom Line | 2 0 2 1 E d i t i o n Find or post a job today at wicpa.org/CareerCenter.

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Human Resources l Employee retirement plans

Supercharge Your Employee Retirement Plan ... and avoid IRS corrective actions.

Q

ualified Retirement Plan Sponsors utilizing a preapproved plan document have until July 31, 2022, to adopt their provider’s restated Internal Revenue Service (IRS) pre-approved plan document.

The Employee Retirement Income

By Joseph Topp, Security Act of 1974 (ERISA) CPA mandates that fiduciaries follow the plan’s documents or risk fines and harsh penalties, up to and including disqualification of the plan’s taxfavored status. This restatement represents a golden opportunity to enhance current plan design and audit the daily administrative procedures to ensure they align with the document’s requirements. Extra attention now can result in meaningful improvements to the plan as well as timely identification of potentially costly errors.

How to customize retirement plan design

Most plans use a pre-approved plan document, also referred to as a volume submitter document, which is provided by the company assisting in the recordkeeping or administration of the plan. This plan document has received a favorable opinion letter from the IRS.

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Extra attention now can result in meaningful improvements to the plan as well as timely identification of potentially costly errors.

A pre-approved plan document implies all plans are basically the same. However, this is not true.

Within the plan document is the adoption agreement.

The adoption agreement provides the plan sponsor wide latitude in creating a customized plan to meet their goals and the uniqueness of their employees.

Each plan sponsor chooses specific provisions and design elements to incorporate into the plan.

Examples include matching formulas, definitions of compensation, vesting schedules and distribution rules. Through the plan design selections, sponsors

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have considerable influence on participant behavior and success.

Sponsors have the ability to change these choices at any time, provided they execute new documents and provide adequate notice to plan participants.

Recordkeepers typically charge for this, so it is common for plan sponsors to batch design changes in order to mitigate costs.

The IRS requires pre-approved plan documents be restated on a uniform six-year cycle, with the next

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cycle deadline set for July 31, 2022. This requirement to restate provides plan sponsors with a golden opportunity to review their plans now and incorporate the desired design elections into their restated documents.

Adopt progressive design features

Keeping your plan’s design current with industry best practices can seem like a nonstop effort that adds cost with each plan amendment. Plan design, however, significantly influences participants’ behaviors, their

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and dynamic task of proper plan administration. ERISA clearly states it is a top priority of plan fiduciaries to follow the plan documents. The U.S. Department of Labor and the IRS randomly audit retirement plans every year to verify compliance. Unfortunately, errors in plan administration happen with more frequency than you might think, resulting in a significant amount of time and dollars spent making corrections. In 2020, the Employee Benefits Security Administration recovered just over $3.1 billion due to plan errors and violations.

So how do you know if your plan administrative practices comply with the provisions of your plan document? You guessed it: Audit your procedures — perform an operational review. savings outcomes and their feelings toward the quality of the benefit offerings. The most successful plans take a progressive approach. They adopt design features that enable prudent saving practices and provide maximum flexibility to participants when it is time to begin withdrawing assets from the plan.

As you review your plan design options, think beyond what you have always done. Carefully discern features that may be new or represent a change in the historical philosophy embraced by your organization. The evaluation will serve as a test of the consultative moxie of your plan advisor and recordkeeper.

Below is a list of progressive design enhancements that will soon become industry best practices: • Auto-enrollment into Roth • Auto-escalation cap of 15% • Roth in-plan conversions

Your plan documents contain specific rules that must be followed, but they do not provide actual direction or procedures you can follow to ensure compliance.

Your internal procedures have been shaped over time and likely involved multiple people. Not surprisingly, variances in how these processes are executed develop, which could create an unintended violation of the provisions laid out in your documents. Examples include misinterpreting the definitions of eligible compensation, overlooking auto-escalation, tracking eligibility and misunderstanding distribution rules — to name a few.

Any of the errors cited could lead to unexpected costs and require a formal corrective action. Acting now mitigates the potential for this disruption and cost to your business.

While an audit sounds daunting, the steps are straightforward. They can be completed internally with support from your recordkeeping partner and plan

• Traditional after-tax contributions • Money-source and fund-specific withdrawal flexibility • In-service withdrawals • Ad hoc or partial distributions Once you settle on specific design provisions, it’s critical to make sure you have the internal capabilities to administer your plan correctly.

Audit plan administration procedures

The flexibility and freedom to design a customized plan for your participants comes with the complex

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advisor. An operational review should incorporate the following steps: • Review your plan document and identify each provision to evaluate.

• Document the form and detail of data required to fulfill each provision.

• Determine for each provision if the internal staff, recordkeeper or plan advisor has ownership of the task.

• Evaluate whether the procedures currently in place provide accurate data to meet the provisions outlined in your plan document (data sampling should occur).

• Succinctly document the operational procedures and owner for each provision.

• Identify errors made, materiality and remedies required.

• Implement necessary changes in procedures.

• Document this review process as evidence of prudence in your oversight activities.

Once a plan operational review is completed, it is not set aside. This outline provides a standing policy you and your partners will rely on to effectively and correctly administer your plan going forward. As new plan design features, changes in law and movement in personnel occur, your ongoing review of the outline will keep your organization well prepared.

Conclusion

The fast-approaching plan restatement requirement provides plan sponsors a golden opportunity to critically review their plans’ current design provisions and implement progressive enhancements. This is also an ideal time to assess plan administrative procedures through an operational review. Addressing these opportunities proactively will mitigate costly errors as well as set a path for ongoing plan success.

Joseph Topp, CPA, is a principal and retirement plan investment consultant at Francis Investment Counsel LLC in Brookfield. Contact him at 262-781-8950 or joseph.topp@francisinvco.com.

It shouldn’t take a storm of immense proportions to find out who you can count on.

BUT SOMETIMES IT DOES. And that’s the Silver Lining®.

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To find out more about the Silver Lining and a special discount on home and auto insurance just for members of the WICPA, contact this official supplier of the Silver Lining.

Professional Insurance Programs at (414) 277-0154 or info@profinsprog.com Or to find an agency near you, visit thesilverlining.com.

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“

Stress Relief l Creativity & accounting

“CARTOONIST CONVO WITH A ... who’s also a CPA

By Marcia Tillett-Zinzow

T

he words creative and accounting aren’t normally found in the same sentence unless the word unethical is included. But a sentence like that wouldn’t have been written about a CPA who is also a cartoonist.

Nitin Bhojraj, CPA, CFE, is a creative accountant who likes to draw and thinks everyone should laugh more. That’s part of the reason he created Incremental Maturity, a series of cartoons that take lighthearted aim at accountants. We’re publishing one of them here in The Bottom Line.

The “serious” accountant stereotype

Especially in years past, accountants have gotten a bad rap as being serious types with teeth-marked pencils and no sense of humor. But as we know, that’s not the case. In fact, Bhojraj thinks some of the funniest people he knows are CPAs.

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“I think it’s because they have such a deep intellectual grasp on so many different topics. It’s not enough to just know how to do a tax return. You have to have good people skills and be intelligent about trends in the business world, and because of that, I think many accountants are incredibly smart and well-rounded people,” he said.

“It makes me mad when I hear someone say, ‘He’s really funny for being an accountant.’ It’s a stereotype I hope will be completely gone in another generation or two.”

Professionally, Bhojraj holds a BSBA from Washington University in St. Louis and an MS in accounting from Loyola University Chicago. But he also holds a Diploma of Merit in Cartooning from London Art College and has refined his art talent with the help of many professional cartoonists who have been willing to share their secrets with him through Instagram. He also teaches

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college-level accounting in Chicago and is on the accounting faculty at both DePaul University’s School of Continuing Professional Studies and Loyola University Chicago’s Quinlan Graduate School of Business. Right now, he’s working on a Doctor of Business Administration degree, which he plans to finish in June 2022.

Comedy and stress relief

When he started practicing his art, Bhojraj found it was a productive way to relieve stress, whether it was dealing with work or trying to understand the state of the world. He thinks all CPAs should have a creative outlet … “whether it’s learning to draw a cartoon character, play a song on piano or whatever artistic outlet you choose — there is great satisfaction in creating something that didn’t exist before,” he said.

Bhojraj also uses his comic skills in his accounting courses and academic conference presentations and encourages his students to create as well.

“Before COVID took us out of the classroom, I would tell my accounting students that if they finished a quiz early they should draw a picture on the back,” he said. “I would comment on their pictures and give them tips on drawing. Sometimes I would make accounting jokes out of their pictures and post them on my Instagram, @nitindrawsthings, with their permission. They got a kick out of that. I sometimes spent more time commenting on their art on the back than I did grading the questions on the front.”

Nitin Bhojraj, CPA, CFE

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It makes me mad when I hear someone say, ‘He’s really funny for being an accountant.’ It’s a stereotype I hope will be completely gone in another generation or two.

Does he see a day when he would give up accounting for cartooning?

“I could never do that because I love accounting way too much,” he said. “I will always want to do both. Accounting is just too much fun and filled with intellectual challenges — just like art.”

Marcia Tillett-Zinzow is a Wisconsin freelance writer and editor.

Contact her at mtzinzow@icloud.com.

Editor’s Note: We will likely publish more Incremental Maturity cartoons in upcoming issues of CPA2b and On Balance. Feel free to let us know what you think by emailing mtzinzow@icloud.com.

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Committee Highlights l Conference Committees Joining a WICPA committee is a great way to network with like-minded individuals, sharpen communication abilities, gain leadership skills, form business relationships and friendships and strengthen your brand. It’s also a way you can “give back” to the profession that has given you so much. Sharing talent as a volunteer enhances the CPA profession while helping others achieve ambitious goals.

The committees highlighted here are currently accepting volunteers. To join a committee or find out more about any of the committees, contact Tammy Hofstede, WICPA president & CEO, at tammy@wicpa.org or 262-785-0445, ext. 4518.

ACCOUNTING & AUDITING CONFERENCE PLANNING COMMITTEE

The Accounting & Auditing Conference provides CPAs and financial professionals in public accounting, industry and government — and their staff — with information on current changes and timely issues in auditing standards, FASB, GASB, governmental managing, improving data and document workflow, and accounting and financial reporting. Training in technology and soft skills is also offered at the conference.

Chair Gary Schmid, VP of Finance, Wisconsin Lutheran College Board Liaison Steven Pullara, Tax Partner, BDO USA LLP

Jennifer Craig, Senior Internal Auditor, Regal Beloit Corp.

Joseph Haas, Audit and Accounting Director, Hawkins Ash CPAs LLP Gary Johnsen, JT and Associates LLC

Members Morgan Blount, Financial Advisor, Portfolio Advisor, Merrill Lynch Wealth Management

Richard Krueger, Principal, National Assurance CLA

Jackalyn Budish, Manager, Profitwise Accounting

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA

Christopher Cholka, Accounting Manager, Cousins Subs Julie Craig, Partner, Gordon J. Maier & Company LLP

Travis Lohse, Scribner, Cohen and Company S.C.

The Business & Industry Fall Conference provides CPAs, CEOs, CFOs, controllers and accounting staff in industry, public accounting, government, education and nonprofits updates on current issues and tax implications affecting various areas of business and operations, human resources, IT, as well as new and improved ways to manage a changing workplace.

Board Liaison Kyle Stephens, VP of Finance and Administration, Good City Brewing LLC

Serving on the Accounting & Auditing Conference Planning Committee gives you an opportunity to incorporate into the conference topics you or others you know are interested in learning more about.

It’s also a great way to contribute to the organization. The WICPA does a great job of coordinating the meetings and the event, which translates to a limited time commitment for those who serve on the committee. Please consider joining this or any one of the committees. You will not be disappointed.

— Gary Schmid, Committee Chair

Tammy Hofstede, President & CEO, WICPA

BUSINESS & INDUSTRY CONFERENCE PLANNING COMMITTEE – FALL

Chair Katherine Hauser, Director of Financial Reporting, Herzing University

“

Members Morgan Blount, Financial Advisor, Portfolio Advisor, Merrill Lynch Wealth Management Becky Bradl, Controller, Lindquist Machine Corp.

“

Being a member of the CPAs in Industry Conference Planning Committee is a great way to ensure that the conference delivers the most relevant information for your job. Having new people join brings fresh ideas and viewpoints. It’s also an easy way to get involved and help give back.

— Kate Hauser, Committee Chair

— Continued on pg. 35

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BUSINESS & INDUSTRY CONFERENCE PLANNING COMMITTEE – FALL, CONT.

Members, cont.

Wendy Brown, Sole Proprietor, WJ Brown CPA LLC

Dan Holzhauer, Senior VP & Commercial Lender, Associated Bank

Carver Smith, Partner, Baker Tilly Search & Staffing

Jason Bruner, Controller, Naviant Inc.

Amy Hruby, CFO, Complete Office

Thomas Stapleton

Patricia Larson

Susan Strautmann, Instructor, Accounting, Mid-State Technical College

Greg Gavran, Managing Director, Strategic Retirement Partners Armand Go, Department Operating Officer, Foley & Lardner LLP Ryan Hanson Holly Hoffman, Owner, Sales & Income Tax Advisory Network

Lynn Marek, Controller, igm Robotic Systems Inc. Tori Morrow, Chief Financial Officer, Vulcan GMS

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA

Dennis Nelson, VP of Finance, Acro Automation Systems Inc.

Tammy Hofstede, President & CEO, WICPA

BUSINESS & INDUSTRY CONFERENCE PLANNING COMMITTEE – SPRING

The Business & Industry Spring Conference provides CPAs, CFOs, CEOs, controllers and accounting staff in industry, public accounting, government, education and nonprofits updates on current accounting and tax implications affecting various areas of business and operations, human resources, IT, as well as new and improved ways to manage a changing workplace.

Board Liaison Jeff Dewane, Assistant Controller, Vinton Construction Co. Members Lynn Ardisana, Controller, M-B-W Inc. Becky Bradl, Controller, Lindquist Machine Corp.

Michelle Hicks-Tobias, Controller, 7Summits Holly Hoffman, Owner, Sales & Income Tax Advisory Network Karen Hosterman-Ward Paul Krejcarek, CFO, Kapco Inc.

“

Serving on a WICPA committee is an opportunity to partner with business professionals you may not routinely connect with, think through issues you may not otherwise get to tackle, all while helping give back to a profession that has been such a big part of your life.

— Carver Smith, CPA, Past Committee Chair

Jason Bruner, Controller, Naviant Inc.

Yuriy Ksenidi, Payroll Garnishments Specialist, iLIFE LLC

Jennifer Carerros

Patricia Larson

Christopher Cholka, Accounting Manager, Cousins Subs

Tori Morrow, Chief Financial Officer, Vulcan GMS

Jennifer Craig, Sr. Internal Auditor, Regal Beloit Corp.

Jose Saenz, Director, Advancement Gift Services, Marquette University

Greg Gavran, Managing Director, Strategic Retirement Partners

Kelly Sics, Consultant, Sics CPA Services

Jean Hansen, SVP–Finance / CFO, Manitowoc Tool & Manufacturing LLC

Thomas Stapleton

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA

Michael Sterk, Treasurer/Controller, Blankstein Enterprises Inc.

Tammy Hofstede, President & CEO, WICPA

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Susan Strautmann, Accounting Instructor, Mid-State Technical College

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FINANCIAL INSTITUTIONS CONFERENCE PLANNING COMMITTEE

The Financial Institutions Conference covers a variety of specialized topics that include regulatory and legislative updates, compliance issues, and the latest economic conditions that challenge both larger and community-based financial institutions.

Chair Wendy Peters, Accounting Manager, Kohler Credit Union

Richard Li, Tax Manager, RSM US LLP

Board Liaison Ryan Hanson

Matthew Nitka, Partner, Baker Tilly US LLP

Members Daniel Carroll, Senior Manager, Wipfli LLP Nicholas Hahn, Partner, Financial Institutions, RSM US LLP William Hogan, CFO, Farmers & Merchants State Bank Jay Kaun, Senior VP, Dana Investment Advisors

Patrick Murphy, Shareholder, Godfrey & Kahn S.C.

Ann Pascavis, VP – CFO, Waukesha State Bank Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA Tammy Hofstede, President & CEO, WICPA

NOT-FOR-PROFIT ACCOUNTING CONFERENCE PLANNING COMMITTEE

The Not-for-Profit Accounting Conference provides all levels of financial professionals in nonprofit and health care organizations with the knowledge, insight and strategies to use when facing accounting and financial challenges specific to their organizations with topics including tax-exempt issues, fundraising and risk management.

Chair Renee Messing, Principal, RitzHolman CPAs Board Liaison John Heindel, Business Partner, Lauber Business Partners Members Morgan Blount, Financial Advisor, Portfolio Advisor, Merrill Lynch Wealth Management Marc Cadieux, CFO, Children’s Hospital and Health System Jon Gaines, VP Business Services and Finance, Wisconsin Women’s Business Initiative Corp.

Amy Gallagher, Director of Finance, Disability Rights Wisconsin Inc 36 The Bottom Line | 2 0 2 1 E d i t i o n

Greg Gavran, Managing Director, Strategic Retirement Partners Jessica Horning, Financial Reporting Manager, Medical College of Wisconsin Sherri Huff, Owner, Huff Consulting LLC Sandra Jensen, Partner, Hawkins Ash CPAs LLP Kelly Miller, Shareholder, Scribner, Cohen and Company S.C.

“

Serving on the Financial Institutions Conference Planning Committee has given me opportunities to connect with other financial services experts and CPA firms, build relationships and give back to the industry that has provided me with a wonderful career.

This is a rewarding experience with minimal time commitment. Consider joining and making new and exciting connections!

— Wendy Peters, Committee Chair

“

Participating in planning the NotFor-Profit Accounting Conference is a great way to give back to the CPA profession and help nonprofit organizations at the same time. There are many challenges facing nonprofits today, and it’s great to be able to use our accounting knowledge and skills to help them tell their stories.

— Renee Messing, Committee Chair

Gary Schmid, VP of Finance, Wisconsin Lutheran College Corina Schoenke, Partner, Wipfli LLP Tanya Stamps, CFO, Legal Action of Wisconsin Inc. Roberta Ward

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA

Michelle Weber, Not-for-Profit Tax Partner, Grant Thornton LLP

Tammy Hofstede, President & CEO, WICPA wicpa.org

SCHOOL DISTRICT AUDIT CONFERENCE PLANNING COMMITTEE

The School District Audit Conference, partnered with Wisconsin Department of Public Instruction, provides the only training for auditors of Wisconsin public school districts and Private School Choice Program schools. This includes the latest auditing updates, developments and tools they can use to better serve school districts and their communities.

Chair Wendi Unger, Partner, Baker Tilly Virchow Krause LLP

Jillian Raff, School Finance Auditor, Wisconsin Department of Public Instruction

Members Terry Casper, Advanced Accountant, Wisconsin Department of Public Instruction

Lisa Salo, Accounting Manager, Kenosha Unified School District

Paul Frantz, Partner, Baker Tilly US LLP

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA

Carrie Gindt, Partner, Reilly, Penner & Benton LLP

Tammy Hofstede, President & CEO, WICPA

Charles Krueger, Senior Manager, Hawkins Ash CPAs LLP Gregory Pitel, Shareholder, KerberRose S.C.

“

The School District Audit Conference Planning Committee works to develop a conference that educates school district auditors on new DPI guidelines and requirements, new GASBs that will be applicable to upcoming audits and topics relevant to schools in the legal and ethical areas. We also educate our newer auditors on the basics of school district audits – including financial statement audit and federal and state compliance audits. If you’re passionate about the governmental audit world — especially schools — we encourage you to join us.

We’re always looking for new ideas!

— Wendi Unger, Committee Chair

TAX CONFERENCE PLANNING COMMITTEE

The Tax Conference is the must-attend event of the year for accountants, lawyers and business professionals who want to broaden their knowledge with the latest Wisconsin and federal tax laws and issues. This two-day conference appeals to professionals from all levels of experience, including CPAs in industry and public practice, as well as practicing attorneys, corporate counsel and business and financial managers.

Chair Douglas Patch, Shareholder, Godfrey & Kahn S.C. Vice Chair Holly Hoffman, Owner, Sales & Income Tax Advisory Network

Daniel Geraghty, Partner, Husch Blackwell LLP Bradley Kalscheur, Partner, Michael Best & Friedrich LLP Robert Mathers, Shareholder, von Briesen & Roper s.c.

Board Liaison Lucien Beaudry, Equity Shareholder, Reinhart Boerner Van Deuren s.c.

Christopher Morrissey, Senior Manager, Scribner, Cohen and Company S.C.

Members Michael Benton, Manager, Hawkins Ash CPAs LLP

Joseph Schirger, Principal, CLA

Brian Ellenbecker, Financial Planner, Shakespeare Wealth Management Inc.

wicpa.org

June Norman, Partner, Hartwig, Norman & Shannon LLP Roger Schroeder, Consultant, Roger H. Schroeder CPA

“

The Tax Conference Planning Committee allows its committee members to identify substantive issues and updates that will be helpful to practitioners throughout the state. The Tax Conference is the largest of the year.

— Douglas Patch, Committee Chair

Staff Liaison Abbie Bottom, CPE Event & Program Coordinator, WICPA Tammy Hofstede, President & CEO, WICPA

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7

PROVEN

REASONS TO JOIN THE WICPA

NETWORKING: Join over 7,000 of your peers at professional and social events.

01

The WICPA is the premier association for accounting and

business professionals in Wisconsin. Whether you’re looking to grow professionally, bring in new business, increase your expertise and leadership, or protect the business you’ve helped build, the WICPA serves as your go-to resource to help you succeed and stay connected to the profession.

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DISCOUNTED CPE EVENTS:

02

Receive discounts on conferences, seminars, breakfast programs, webinars and on-demand programs.

Join today at wicpa.org/join

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LEADERSHIP DEVELOPMENT: ONLINE RESOURCES:

03

07

Post questions and share expertise on WICPA Connect – an exclusive members-only community, find and post jobs with the Career Center, and be listed as a resource to the public with the Find a CPA Directory.

CREDIBILITY:

06

Brand yourself as a WICPA member to demonstrate your ethical standards and commitment to the profession.

Enhance technical and soft skills with volunteer opportunities that help advance the profession, build the CPA pipeline and give back to the community.

04 05 EXCLUSIVE SAVINGS:

Save on numerous products and services through our select Affinity Partners and Member Benefit Providers.

IMPORTANT NEWS:

Keep current on legislative and financial regulations, technical topics and industry trends with our award-winning publications and e-news.

RENEW STATEWIDE 500+ MEMBER 93% 7,000+ VOLUNTEERS MEMBERSHIP MEMBERS COMPANIES, FIRMS 2,500+ WISCONSIN AND ORGANIZATIONS REPRESENTED

WICPA CPE Registration Form W233N2080 Ridgeview Parkway | Suite 201 | Waukesha, WI 53188 | P: 262-785-0445 | F: 262-785-0838

COURSE SIGN-UP:

CONTACT INFORMATION: Name ______________________________________________________________ WICPA ID #________________

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __

Email Address (required) _________________________________________________________________________ Alternate Email Address ________________________________________________________________________ Home Phone (________) _______________________Mobile Phone (________) __________________________ Street Address _____________________________________________________ PO Box ____________________ City __________________________________________State _________________Zip________________________

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___

Course Name:_____________________________ Course Date: ______________________________ Registration Fee $ ______________ __

PROFESSIONAL INFORMATION: Organization ___________________________________________________________________________________ Street Address _____________________________________________________ PO Box ____________________ City __________________________________________State _________________Zip________________________ Office Phone (________) _____________________________________________ Ext. _______________________ Position Title __________________________________________________________________________________

ARE YOU: o An AICPA member o A WICPA member o Contact me about becoming a WICPA member and saving up to $150 per course

PAYMENT METHOD: o Check (payable to WICPA) o American Express _____ o Discover _______o MasterCard_______o Visa Card Type: o Business _ o Personal Card # _______________________________________Expiration Date _________________CVV _____________ Signature ____________________________________________________________________ Date ____________ Course Materials: Electronic materials are included with registration and can be accessed approximately seven days prior to the program at wicpa.org/MyWICPA.

Printed materials are not available for programs at this time.

Cancellation Policy: For a full refund, the WICPA CPE Department must receive a notification of cancellation or a request to transfer to a different program at least 14 days before the program presentation date. Cancellations or program transfer requests received between 7-13 days prior to the presentation date will be subject to a cancellation fee of 50% per person, per program. No refund or program transfer request will be granted for cancellations less than seven days of the program presentation. Substitute registrants are allowed. No refund or program transfer request will be granted if you have downloaded any electronic materials that have been provided for the program from which you are canceling.

___

__________________________________________ __

TOTAL AMOUNT $ ______________

wicpa.org/CPEcatalog

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___

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Online CPE l Webinars, Self-Study & On-Demand

ONLINE CPE

WEBINARS, SELF-STUDY & ON-DEMAND Convenience matters. Time matters. You matter.

In addition to our in-person and livestreamed CPE opportunities, we’ve partnered with select vendors to offer you thousands of online CPE opportunities, including webinars, self-study and on-demand options!

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Accounting Continuing Professional Education Network (ACPEN) The Accounting Continuing Professional Education Network (ACPEN) is the largest and most comprehensive CPE network in the nation. Through our partnership with many associations and our NASBA accreditation, ACPEN brings worldclass CPE to your desktop in the most engaging and interactive way possible.

ACPEN offers a vast catalog of live video webcasts and live webcast replays, ranging in length from 1 to 8 CPE credits. All ACPEN webcasts are written and taught by the author, which we believe provides our viewers with the highest quality instruction, information and the most authentic learning experience possible. All webcasts are available for individual as well as group viewing. In addition to Technical Accounting and Tax content, we also have a large library of Non-Technical topics. We have courses that are geared toward your members in industry as well as HR-related content that would be valuable for your members in Industry as well as those CPAs who are playing an HR role in their own firm or company. The extensive ACPEN catalog is comprised of courses from the following product lines:

ACPEN Signature Series

Partner-Produced Programs

The ACPEN Signature Series represents top-of-the-line online CPE. All ACPEN Signature courses are 8 hours in length and include nationally recognized experts and highly experienced practitioners, as well as representatives from regulatory and standard-setting bodies including the IRS, GASB, FASB, GAO and many more. These Signature CPE training courses cover the most relevant accounting, tax and finance topics in an interactive and discussionrich format.

We’ve found that programs and conferences produced by one state are often relevant and applicable to financial professionals and CPAs in other states. The ACPEN network offers a unique opportunity for our state CPA society partners to share their content with practitioners across the country.

This is just another example of ACPEN’s unparalleled effort to provide a broad range of topics to meet the continuing professional development needs of every CPA.

The ACPEN Industry Institute™ (Aii)

AICPA

The ACPEN Industry Institute provides a full curriculum of CPE courses specifically designed for accountants working in business and industry, delivered in a live, interactive, video webcast format. This includes but is not limited to technology training, management, finance, leadership, ethics and banking.

Real time, anytime and on your time.

When it’s your time to spend, you want to use it wisely. So, the minute you’re ready to complete your required CPE, you can count on the AICPA® to provide the most relevant expert knowledge — how you need it, when you need it and wherever you are.

The ACPEN Tax Institute (Ati)

Online

Ati offers the latest, most up-to-date continuing education for CPAs, finance professionals and tax practitioners.

These tax CPE courses focus on updates and changes in tax code and practice. These tax seminars are offered on various dates and times, all providing live CPE credits.

With more than 500 courses, AICPA Online CPE is an interactive learning environment for today’s busy professional. From updates on authoritative standards to awardwinning certificate programs, AICPA Online CPE meets your knowledge and CPE needs with the flexibility of learning on your time.

wicpa.org/CPEcatalog

Webcasts AICPA webcasts offer a high-resolution, studio-quality experience and real-time interaction with experts, regulations, agency representatives and more.

You’ll gain practical guidance and insights — and your organization or clients will benefit from the expertise they deserve and expect. Now, that’s making the most of your time.

CalCPA

CalCPA’s courses cover everything from accounting, auditing, tax, management and ethics to litigation, retirement, trusts and estates. We are continually changing and adding new programs, and with more than 1,300 webcasts to choose from, there’s a course for every interest area and educational need.

All our instructors are experts in their fields. Most are also practitioners currently working in their industries, so they’re not only content experts but also experts in real-world application.

These individuals understand the accounting profession and offer dynamic, informative programs.

K2 Enterprises K2 Enterprises is proud to offer a broad curriculum of technologyfocused CPE webinars to WICPA members. Now you can have webinar access to many of the courses that have made K2 Enterprises a leader in providing CPE to professionals throughout North America.

When you take a K2 Enterprises webinar, you have the opportunity to learn from an award-winning team of instructors with literally hundreds of years of experience in helping professionals identify, address and solve issues through technology’s practical application. K2 Enterprises offers webinars on various topics, including Excel, QuickBooks, PDFs, accounting solutions and Microsoft Office.

As a NASBA-approved sponsor of webinar learning, you are assured of a high-quality event that is both convenient and affordable. We look forward to helping you meet your learning objectives and improve your efficiency and productivity by participating in a webinar produced by K2 Enterprises.

Surgent Professional Education

CPA Crossings

The trusted leader in accounting and finance education

CPA Crossings LLC provides an extensive catalog of live web-based CPE programs produced and delivered by over 50 nationally recognized speakers. Our catalog consists of more than 3,300 webinar events per year, covering more than 300 topics in the areas of technology, practice management, workflow automation,

Surgent has been one of the nation’s leading providers of continuing education for CPAs for more than 35 years. Surgent delivers over 1,500 webinars and offers 200+ unique selfstudy products every year, giving you the CPE you need when you need it.

Surgent’s live webinars provide the practical, up-to-date information you need to meet your CPE needs from the comfort of your office or home.

Each webinar features knowledgeable and engaging experts from Surgent speaking on timely and relevant topics in accounting, auditing, government, nonprofit, technology and tax while answering your most critical questions.

Webinars are offered daily, including evening and weekend options for your convenience.

Surgent self-study CPE enables you to earn CPE credits at your own pace and at a time you choose. Whether you prefer downloadable PDF or ondemand webcast format, you’ll get the same high-quality Surgent content plus 24/7 access, instant exam grading and certificates by email, making Surgent self-study CPE the ideal option for CPAs with less predictable schedules.

In addition to individual self-study courses and live webinars, Surgent offers a number of CPE packages that provide added convenience and value: Surgent’s Unlimited Plus Package (SP-0001) Surgent’s Unlimited Plus Package is the best value on the market today.

The package features 12-month access for a single user to all of Surgent’s self-study courses, plus access to every Surgent live webinar, including important pandemic legislation-related topics, as well as all other premium courses. With 1,500+ live webinars on the calendar this year alone, plus more than 200 self-study CPE courses available in the package, you’ll always be able to find a live or selfstudy course in the topic and format you need. Earn as much CPE as you need and explore as many topics as you’d like for one full year from the date of purchase. Surgent webinars and self-study courses are regularly updated, so no matter what format you select, you’ll have access to the

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CalCPA Education Foundation (CalCPA) offers a full array of continuing education programs. With CalCPA webcasts, you can enjoy the flexibility of participating in CPE wherever you are. Enjoy high-quality video feeds and the ability to communicate directly with the instructor through a question box. Materials are in PDF format, and all programs have savable, printable and fully annotatable textbooks.

accounting and auditing, tax, ethics and fraud. Our courses range from 1 to 8 hours, with flexible scheduling that includes evenings and Saturdays so you can easily fit continuing education into your work week.

Online CPE l Webinars, Self-Study & On-Demand

latest information you need for your professional practice. As a WICPA member, you pay just $595 — 30% off Surgent’s retail price!

Surgent’s Unlimited Self-Study Package (SP-0002)

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Surgent’s Unlimited Self-Study Package includes 12-month access for a single user to every PDF download course in Surgent’s catalog. Earn as much CPE as you need and explore more than 200 courses (each ranging from 2 to 16 credits) whenever it’s convenient for you, with access for one full year from the date of purchase. Tests are taken online, and CPE certificates are emailed immediately upon passing. As a WICPA member, you pay just $299 — 40% off Surgent’s retail price!

Surgent’s Unlimited Webinar Package (SP-0003) Surgent’s 2021 Unlimited Webinar Package includes unlimited access for the remainder of 2021 to more than 1,500 live webinars on hundreds of topics. With multiple live webinars offered every week — including weekends — airing at a variety of convenient times throughout the day and evening, you’ll always be able to find a live webinar on the CPE topic you need that best fits your schedule. With the most modern webinar platform in the industry and interactive courses with renowned expert instructors, you’ll receive the guidance and analysis you need with an unmatched customer experience.

As a WICPA member, you pay just $425 — 39% off Surgent’s retail price!

Wolters Kluwer Wolters Kluwer and the Wisconsin Institute of CPAs have joined forces to offer WICPA members the following benefits: • 25% off all CCH® Publications: CCH® Publications provide a quick and economical way to stay on top

of industry and market-leading tax and accounting developments.

• 25% off the following CPELink Products: Meeting your CPE requirements every year is time consuming enough without spending extra time hunting for relevant courses and keeping track of what you need. CCH® CPELink helps you meet those requirements without the added stress. Hundreds of courses are offered and cover a broad range of topics relevant to your professional development. o Live Webinars are the most convenient way to earn CPE credit—without taking a test.

You get coverage of today’s hot topics along with high-quality, interactive courses led by expert instructors. Plus, you have the flexibility to log in and listen from anywhere. It doesn’t get any easier than that! o Self-study courses are easy to use, interactive and mobile friendly! Work at your own pace and enjoy instant access to your online self-study courses immediately after purchase. o Unlimited Webinars Package provides unlimited access to over 300 live webinars for more than 600 CPE hours! o Unlimited Self-Study Package provides unlimited access to over 400 courses for more than 900 CPE hours! o Firm Package provides unlimited access to over 700 courses for more than 1,500 CPE hours to your whole firm! (Per user charge; minimum 5 users) Take advantage of your member benefits today! Visit www.cchcpelink.com/wicpa

WICPA CPE OnDemand CPE on YOUR schedule – anytime, anywhere Miss one of our livestreamed conferences, seminars or breakfast programs? No worries! You can now view past WICPA conferences and the most popular seminars and breakfast programs at your convenience.

With WICPA CPE On-Demand, you’re able to: • Instantly access high-quality CPE from top subject matter experts • Follow along with speakers as their slides automatically transition sideby-side with the video.

• Download presentation materials for easy referencing now and in the future.

• Automatically add formal CPE credits to your WICPA CPE Tracker upon completion.

For available WICPA CPE On-Demand courses, visit wicpa.org/OnDemand.

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Conveniently attend WICPA conferences, breakfast programs and seminars from anywhere with an internet connection!

• Counts toward formal CPE requirement

• Presentations and course materials included

• Automatically added to your WICPA CPE Tracker

• Special discounts for WICPA members

Register now at wicpa.org/Livestream and wicpa.org/OnDemand

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WICPA CPE Livestream & CPE On-Demand

Conferences

CONFERENCES Looking to be a standout accounting professional?

WICPA conferences offer you an opportunity to connect with fellow accounting and business professionals while hearing from local and national experts.

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Attendance via livestream qualifies for formal CPE credits. There will be checkpoints during the presentations that you will need to verify your presence. Our livestream also has the opportunity to have Q & A by typing in your question that will be provided to the presenter.

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WICPA members save up to $150 on registration! Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences.

Business & Industry Fall

Tax

Sept. 21, 2021 WICPA Livestream

Nov. 15-16, 2021 WICPA Livestream

The Business & Industry Fall Conference provides CPAs, CFOs, CEOs and controllers in industry, public accounting, government, education and nonprofit updates on current issues and implications affecting various areas of business, operations, HR, IT, ethics and improved ways to manage a changing workplace.

The Tax Conference is the must-attend event for accountants, lawyers and business professionals who want to stay current on changing federal and Wisconsin tax laws and issues with experts in tax and related fields offering detailed updates and tips to serve clients and their companies. This two-day conference is for professionals from all levels of experience, including those in public practice and industry, as well as practicing attorneys, corporate counsel, and business and financial managers.

Not-for-Profit Accounting Sept. 23, 2021 WICPA Livestream The Not-for-Profit Accounting Conference covers a variety of specialized topics specifically designed to address the accounting and financial issues facing nonprofits.

This conference’s attendees include executive officers, controllers, accounting staff, managers, and other financial and administrative professionals serving not-for-profit organizations, allied health care, social service agencies, and hospital and nursing home administrations.

document workflow, and accounting and financial reporting.

Accounting Technology Dec. 7, 2021 WICPA Livestream The Accounting Technology Conference focuses on in-depth coverage and learning of technology issues, solutions and advancements that apply specifically to CPAs and accountants to improve efficiency and effectiveness in all areas of the profession, including public practice, business, industry, government and nonprofit organizations.

Accounting & Auditing

Business & Industry Spring

Nov. 18, 2021 WICPA Livestream

March 16, 2022 Brookfield Conference Center, Brookfield & WICPA Livestream

The Accounting & Auditing Conference provides CPAs and financial professionals in public accounting, industry and government, as well as their staff with information on current changes and timely issues in auditing standards, FASB, GASB, government managing, improving data and

The Business & Industry Spring Conference provides CPAs, CFOs, CEOs and controllers in industry, public accounting, government, education and nonprofit updates on current issues and implications

wicpa.org/CPEcatalog

affecting various areas of business, operations, HR, IT, ethics and improved ways to manage a changing workplace.

Financial Institutions May 10, 2022 Brookfield Conference Center, Brookfield & WICPA Livestream

School District Audit

advanced auditors of Wisconsin school districts with the latest auditing updates, developments and tools they can use to better serve school districts and their communities. Conference attendees include partners, principals, shareholders, controllers, accounting and auditing staff, managers and other financial staff.

May 24, 2022 Kalahari Resort & Convention Center, Wisconsin Dells & WICPA Livestream The School District Audit Conference provides beginner and

TRACK YOUR CPE WITH THE WICPA’S CPE TRACKER The CPE Tracker is an easy-to-use tool created to keep track of all your CPE in one convenient location.

• Automatically tracks WICPA formal learning activities • Add any non-WICPA CPE courses • Print reports for any reporting period

To get started, visit wicpa.org/CPEtracker

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The Financial Institutions Conference covers a number of specialized topics, including regulatory and legislative updates, compliance issues, and the

latest economic conditions that financial institutions need to know.

Professionals who should attend this conference include CEOs, CFOs, controllers, managers and other financial staff serving all sizes and types of financial institutions.

Breakfast Programs

LIVESTREAM BREAKFAST PROGRAMS Breakfast Programs will continue to be livestreamed!

Our Breakfast Programs provide a convenient way to earn 2 to 4 CPE credits while staying updated on a variety of topics and still have valuable time remaining in your day. All programs qualify for formal CPE credit and provide the opportunity for Q&A by either asking the question or typing your question in the chat area for the presenter.

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Breakfast Program Season Passes

Dec. 8 Federal Tax & Legislative Update (BP1208LS)

Oct. 22 Managing Data in Excel (BP1022LS)

Jan. 12 Keeping the Red Out (BP0112LS)

Nov. 5 Cyber Risk & CPA Customer Impact (BP1105LS)

Feb. 16 Diversity, Equity & Inclusion: Taking Steps to Continue to Promote DEI in the Workplace (BP0216LS)

Dec. 10 Wisconsin Tax Update (BP1210LS)

Options this year include a monthly Wednesday or Friday program Season Pass (or sign up for the Complete Breakfast Program Season Pass to receive MORE savings) and a threepart Technology Series, which is free for members.

March 9 Benchmarking Your Retirement Plan (BP0309LS)

Feb. 4 CPA Ethics: How to Successfully Navigate Disputes Between Shareholders & Members of Closely Held Businesses (BP0204LS)

Wednesday Breakfast Programs Season Pass (BPWSP)

Registration: $389 member | $589 nonmember Savings include ONE FREE program $339 retired, part-time, unemployed/ leave-of-absence Savings include TWO FREE programs CPE credit: 18 credits

Register for individual programs or receive the BEST DEAL and register for a Season Pass. A Season Pass is an easy way to register for individual programs all at once and at a great cost savings!

This Season Pass includes registration to all Livestream Wednesday Breakfast Programs listed below: Sept. 15 Providing Accommodations in the Workplace & Best Practices to Avoid Liability (BP0915LS) Oct. 6

Wisconsin Property Tax Update: Tips & Tricks to Navigating Property Tax Season (BP1006LS)

Nov. 10 Economic & Market Outlook & Retirement Plan Investment Trends (BP1110LS)

April 6 Current Due Diligence & Valuation Issues in M&A (BP0406LS) May 4 Hot Tax Practice Procedure & Ethical Issues (BP0504LS)

Friday Breakfast Programs Season Pass (BPFSP) This Season Pass includes registration to all Livestream Friday Breakfast Programs listed below: Sept. 10 Understanding Social Security & Medicare Benefits (BP0910LS)

Jan. 7

Individual Income Tax Update (BP0107LS)

March 4 Recruiting & Retention Post Pandemic: Now What?

(BP0304LS) April 8 How Do We Make Uncomfortable Situations Comfortable? (BP0408LS) May 13 From Compliance to Consulting (BP0513LS) Registration: $449 member | $699 nonmember Savings include ONE FREE program $399 retired, part-time, unemployed/ leave-of-absence Savings include TWO FREE programs CPE credit: 20 credits

wicpa.org/CPEcatalog

Complete Breakfast Program Season Pass (BPCOMSP) Take advantage of the most CPE and cost savings by registering for ALL the Livestream Breakfast Programs! This Season Pass includes ALL Livestream Wednesday and Friday Breakfast Programs.

Sept. 10 | Open 7:30 a.m.

Program 8 – 10 a.m.

Understanding Social Security & Medicare Benefits (BP0910LS) Brian J. Ellenbecker, CFP, EA, CPWA, CIMA, CLTC, Financial Planner, Shakespeare Wealth Management, LLC

This presentation will cover key planning aspects related to Social Security and Medicare. The Social Security portion will focus on answering the question “When Should I File for Benefits?” along with claiming strategies and associated tax implications. The Medicare portion will focus on the costs of Medicare, enrollment windows and planning for IRMAA. Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits Sept. 15 | Open 7:30 a.m.

Program 8 – 10 a.m.

Providing Accommodations in the Workplace & Best Practices to Avoid Liability (BP0915LS) Ann Barry Hanneman, JD, Shareholder, von Briesen & Roper, s.c.

Employers continue to face challenging and unique situations when complying

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits Oct. 6 | Open 7:30 a.m.

Program 8 – 10 a.m.

Wisconsin Property Tax Update: Tips & Tricks to Navigating Property Tax Season (BP1006LS)

Oct. 22 | Open 7:30 a.m.

Program 8 – 10 a.m.

Managing Data in Excel (BP1022LS) Jennifer Buchholz, MCT, MOS, MCCT, Owner, Excel & Flourish

Those who work with data in Excel often find they’re spending more time cleaning their data up than actually analyzing it. Understanding the tools Excel has to make clean-up easier – even automatic – can save hours a week. This class will explore options for importing data, transforming the data and then automating those practices using PowerQuery. It will also explain the use of Tables and PivotTables to manage and make meaning of data sets.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Karla Nettleton, JD, Attorney, Reinhart Boerner Van Deuren, s.c.

Sara Rapkin, JD, Shareholder, Reinhart Boerner Van Deuren, s.c.

Nov. 5 | Open 7:30 a.m.

Program 8 – 10 a.m.

This session will highlight recent Wisconsin property tax law changes and developments and provide practical advice that will assist property owners in avoiding property tax pitfalls. This program will also highlight proposed legislative changes and how they might impact property tax appeals in Wisconsin. The program will be informative for anyone who owns or counsels owners of real and personal property in the state.

Cyber Risk & CPA Customer Impact

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

(BP1105LS)

Paul Ferron, Vice President & Co-Founder, LibertyID

This program will highlight the myths and realities of identity theft and data breach. What are identity theft protection and credit file monitoring all about? We will discuss the latest risks and trends in cybersecurity and identity theft, what ransomware is — and whether you should pay it.

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Registration: $749 member | $1,125 nonmember Savings include FOUR FREE programs $699 retired, part-time, unemployed/ leave-of-absence Savings include FIVE FREE programs CPE credit: 38 credits

with employment laws governing accommodations in the workplace, particularly during the pandemic. In this session, we will discuss the laws governing compliance requirements with a particular focus on issues arising as a result of the pandemic.

We will also address ways in which employers can take steps to avoid liability, including “must have” policies, management practices, and managerial and supervisory training.

Breakfast Programs

Nov. 10 | Open 7:30 a.m.

Program 8 – 10 a.m.

Dec. 10 | Open 7:30 a.m.

Program 8 – 10 a.m.

Economic & Market Outlook & Retirement Plan Investment Trends

Wisconsin Tax Update (BP1210LS)

(BP1110LS)

Manuel Rosado, MBA, President,

Technical Services, Wisconsin Department of Revenue

We aim to offer insight into today’s big investment themes to enable more confident portfolio decisions. We’ll also review retirement plan investment trends and how companies are managing their investment lineups.

The presentation will include a summary of the 2020 tax return processing season, upcoming changes to 2021 tax returns, updates on DOR administrative and procedural initiatives affecting tax practitioners and various other topics.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Dec. 8 | Open 7:30 a.m.

Program 8 – 10 a.m.

Jan. 7, 2022 | Open 7:30 a.m.

Program 8 a.m. – noon

Federal Tax & Legislative Update

Individual Income Tax Update (BP0107LS)

(BP1208LS)

June F. Norman, CPA, MST, Partner,

Spectrum Investment Advisors

48 The Bottom Line | 2 0 2 1 E d i t i o n

Jim Brandenburg, CPA, MST, Tax Partner, Sikich LLP

The session will provide an overview of various tax developments, updates and tax legislation in 2021 and late 2020. Emphasis will be placed on recently enacted COVID-19-related relief programs, including the CARES 2 legislation and others. It will also include discussions on enhancements with the Employee Retention Credit (ERC) and changes with PPP loans.

There will also be coverage of broader tax developments and proposals in 2021 with the new Administration.

Further, various tax planning strategies and new tax compliance requirements will be addressed.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Nate Weber, CPA, Director; Office of

Hartwig, Norman & Shannon, LLP

Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of general tax topics concerning individuals, including new and prior legislation affecting the current filing year, planning tips, changes in forms, procedures and filing requirements, and practical insights for the small tax practitioner. We’ll review all that has happened in the past year so that you leave prepared and motivated for the filing season ahead.

NOTE: The registration fee for this program includes a Master Tax Guide and will be mailed to each participant’s preferred address on file at no additional cost (please make sure address is current in your My WICPA account before ordering). Estimated to ship out early January 2022.

Registration: $119 member | $169 nonmember $109 retired, part-time, unemployed/ leave-of-absence CPE credit: 4 credits

Earn CPE by speaking at WICPA Breakfast Programs while sharing your expertise, developing leadership skills and promoting your organization.

Contact the CPE team at 262-785-0445.

wicpa.org/CPEcatalog

Jan. 12, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Feb. 16, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

March 9, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Keeping the Red Out (BP0112LS)

Diversity, Equity & Inclusion: Taking Steps to Continue to Promote DEI in the Workplace (BP0216LS)

Benchmarking Your Retirement Plan

Ann Barry Hanneman, JD, Shareholder,

Retirement Plan Consultant, UBS Retirement Plan Consulting Group

Employers have recognized the benefits of promoting a diverse, equitable and inclusive workplace.

In this session, we will address these benefits and discuss ways in which employers of all sizes can promote a culture that embraces these values.

With a focus on recruitment efforts, policy development, training and education, we will discuss steps employers can consider to jumpstart and accelerate DEI efforts to continue to advance efforts in the workplace.

Plan sponsors are required to ensure that they are “paying only reasonable plan expenses.” This presentation will discuss how plan sponsors can meet this obligation. The session will also help fiduciaries evaluate how well they are performing and identify any gaps in their plan governance process.

Eunice Johnson, Independent Contractor, Transworld Systems

This program is designed to have a company learn how their current credit procedures can be improved to prevent credit issues and then to educate the company on collection and legal options available to them.

Feb. 4, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

CPA Ethics: How to Successfully Navigate Disputes Between Shareholders & Members of Closely Held Businesses (BP0204LS) Steve Szymanski, JD, MBA, Shareholder, von Briesen & Roper, s.c.

Mark Schmidt, JD, Shareholder, von Briesen & Roper, s.c.

This session will focus on the ethical duties of CPAs that are implicated when disputes arise between owners of closely held corporations and limited liability companies (LLCs). The program identifies real-world scenarios and offers practical suggestions to help CPAs bolster a successful and ethical practice. This session will qualify for Ethics CPE credits.

NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPE requirement.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits March 4, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Recruiting & Retention Post Pandemic: Now What? (BP0304LS) Carver Smith, CPA, Partner, Baker Tilly Search & Staffing

What still works, and what doesn’t?

This interactive session will explore ideas surrounding these ongoing challenges and the changing expectations of your biggest asset: your people!

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Bruce Lanser, CIMA, CRPS, CRPC, Senior

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits April 6, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Current Due Diligence & Valuation Issues in M&A (BP0406LS) Daniel Platten, CPA, ABV, Managing Director, Duff & Phelps

We will analyze the M&A market in 2021 and 2022 and discuss transaction multiple and valuation trends across industries. In addition, we will discuss key due diligence aspects and adjustments for determining proforma adjusted EBITDA as part of the transaction process.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

49 The Bottom Line | 2 0 2 1 E d i t i o n

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

von Briesen & Roper, s.c.

(BP0309LS)

Breakfast Programs

April 8, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

May 13, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Technology Series Season Pass (TESESP) – Free to members

How Do We Make Uncomfortable Situations Comfortable? (BP0408LS)

From Compliance to Consulting

Michael Gregory, NSA, MBA, ASA, CVA, Founder & Owner, Michael Gregory

Ed Kless, Senior Director, Partner

Conveniently register for all three parts of the Technology Series with the Season Pass or register for the individual programs separately.

Consulting, LLC

50 The Bottom Line | 2 0 2 1 E d i t i o n

Mike will define collaboration, engaging the audience in a high-energy interactive session on this topic. He will use elements from three of his books in the presentation: “The Collaboration Effect,” “Peaceful Resolutions” and “The Servant Manager.” Brain science will be applied to enlighten participants on the steps necessary to explore and enhance opportunities to provide for better client outcomes. Mike will give participants one of the tools they will need so they can apply this technique immediately at work and in life.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits May 4, 2022 | Open 7:30 a.m.

Program 8 – 10 a.m.

Hot Tax Practice Procedure & Ethical Issues (BP0504LS) Michael Goller, JD, Shareholder & Tax Department Chair, Reinhart Boerner Van Deuren

A summary of what is new at the IRS with regard to practice and procedure and ethics issues. Topics will include Circular 230 update, IRS audit initiative update and other timely IRS issues.

NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPE requirement.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

(BP0513LS)

Development & Strategy, Sage

With the increased velocity of technological advancements, artificial intelligence and machine learning, all of us at Sage are wellaware of the challenges you face.

Oddly enough, these technological advances require us to better hone our relationship skills. Today, more and more accountants and firms recognize the need to take this transformational journey to remain relevant. Making this transformation is not easy, as it requires professionals to think differently than they have in the past. If you think you are ready to make this change and develop your future-ready advisory skills, we are offering this 2-hour live workshop led

by VeraSage Institute Senior Fellow and award-winning speaker, Ed Kless.

He will show you how to better serve your customers by understanding what it truly means to be a consultant.

In this workshop, you will gain a thorough understanding of consulting assumptions and goals, authenticity and effective questioning to strengthen your consulting skills.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits

Technology Series Free to members, this 3-part Technology Series will help educate participants on topics of Microsoft Teams for Meetings, Microsoft Teams for Collaboration, and OneNote for Organizing.

NOTE: Each program is not dependent on attending the preceding program.

Sept. 13 Microsoft Teams: Meetings, Chat & Calls (TS0913LS) Sept. 27 Microsoft Teams: Collaboration Solutions (TS0927LS) Oct. 11 Microsoft OneNote: For Organizing (TS1011LS) Registration for Season Pass: FREE to members | $50 nonmember CPE credit: 3 credits Sept. 13 | Open 10:30 a.m.

Program 11:00 a.m. – noon Microsoft Teams: Meetings, Chat & Calls (TS0913LS) Jennifer Buchholz, MCT, MOS, MCCT, Owner, Excel & Flourish

When you need to connect with an internal or external team member, you can do so through Teams. Whether it’s a call, chat or meeting, Teams makes it easy to schedule and connect online.

It’s as simple as “Just Click Join.” Learn how to hold all your meetings, chats and calls using Microsoft Teams. This webinar is for individuals that have Microsoft Teams installed on their computers.

Registration: FREE to members | $25 nonmember CPE credit: 1 credit

wicpa.org/CPEcatalog

Sept. 27 | Open 10:30 a.m.

Program 11:00 a.m. – noon

individuals that have Microsoft Teams installed on their computers.

Microsoft Teams: Collaboration Solutions (TS0927LS)

Registration: FREE to members | $25 nonmember CPE credit: 1 credit

Jennifer Buchholz, MCT, MOS, MCCT, Owner, Excel & Flourish

Oct. 11 | Open 10:30 a.m.

Program 11:00 a.m. – noon Microsoft OneNote: For Organizing

Registration: FREE to members | $25 nonmember CPE credit: 1 credit

(TS1011LS)

Jennifer Buchholz, MCT, MOS, MCCT, Owner, Excel & Flourish

51

Time to take all those notebooks, notepads, Post-its and scraps of paper online. Learn how to take notes and

IN-PERSON BREAKFAST PROGRAMS The Individual Income Tax Update courses are planning to make a return to in-person learning this year at five separate locations around the state.

NOTE: Space and registration may be limited due to regulations or restrictions imposed from the state, facility or any other locality. The WICPA will act in the best interest for the safety of its attendees, presenters, staff and vendors.

Dec. 10 | Open 7:30 a.m. (LCBP12) Program 8 a.m. – noon Stoney Creek Hotel & Conference Center, Onalaska

Jan. 19, 2022 | Open 7:30 a.m. (MT01) Program 8 a.m. – noon Hampton Inn & Suites Milwaukee West, West Allis

Dec. 17 | Open 7:30 a.m. (NBP12) Program 8 a.m. – noon Radisson Hotel & Conference Center, Green Bay

Individual Income Tax Update

Jan. 7, 2022 | Open 7:30 a.m. (WBP01) Program 8 a.m. – noon WICPA Lower Level Conference Center, Waukesha Jan. 14, 2022 | Open 7:30 a.m. (MBP01) Program 8 a.m. – noon Sheraton Madison Hotel, Madison

June F. Norman, CPA, MST, Partner, Hartwig, Norman & Shannon, LLP

Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of general tax topics concerning individuals, including new and prior legislation affecting the current filing year, planning tips, changes in forms, procedures and filing requirements,

and practical insights for the small tax practitioner. We’ll review all that has happened in the past year so that you leave prepared and motivated for the filing season ahead.

NOTE: The registration fee for this program includes a Master Tax Guide.

Registration: $129 member | $179 nonmember $119 retired, part-time, unemployed/ leave-of-absence CPE credit: 4 credits

The Bottom Line | 2 0 2 1 E d i t i o n

Regular team meetings or special projects should have a home: Teams should be that home. In addition to the meetings/chat/call features covered in the earlier session, you’ll learn how the file-sharing, collaboration, and tools like Planner, Forms and other integrations make Teams the most streamlined form of connection and collaboration. This webinar is for

share them using Microsoft OneNote.

You’ll learn how to set up notebooks, take notes, optimize for meeting agenda/notes/follow-up, and use the collaboration tools. This webinar is for individuals who have Microsoft OneNote installed on their computers.

Seminars l Accounting & Auditing

ACCOUNTING & AUDITING NOTE: All programs will be livestreamed unless otherwise noted.

Sept. 29 | Open 8 a.m.

Program 8:30 a.m. – noon Guide & Update to Compilations, Reviews & Preparations (CRU4) 52

Arthur M. Winstead Jr., CPA, CFE, CFF, CGMA, Partner, DMJ & Co., PLLC

The Bottom Line | 2 0 2 1 E d i t i o n

This course will provide you with an overview, update and hands-on application for performing compilation, preparation and review engagements.

Learn the ins and outs of SSARS No. 21, Clarification and Recodification, as well as other recent releases from the AICPA that impact SSARS engagements. Lastly, the course will perform a detailed review of the key provisions of the recently issued SSARS No. 25, which is effective for 2021 engagements. Get up to date on SSARSs requirements and guidance, but more importantly, see practical examples and illustrations to help effectively and efficiently perform compilation, preparation and review engagements.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Update CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Sept. 29 | Open noon 12:30 – 4 p.m.

Performing an Effective Audit Risk Assessment in the COVID-19 Environment (RAC4) Arthur M. Winstead Jr., CPA, CFE, CFF, CGMA, Partner, DMJ & Co., PLLC Recent auditing standards and peer review feedback have emphasized the

importance of performing an effective risk assessment when identifying and evaluating the risk of material misstatement in a financial statement audit. The requirements of an effective audit haven’t changed, but the level of risk certainly has — due to emerging accounting and disclosure issues brought on by the pandemic coupled with the new ways auditors will be required to obtain the information to assess risk and internal control stressors on their clients. Learn how to utilize a risk-based approach in audit engagements to enhance audit quality, with an emphasis on how to comply with the professional requirements in a virtual environment.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 5 | Open 8 a.m.

Program 8:30 a.m. – noon You Have a SOC 1 Report: Now What?

(CL4SOC1)

Anne M. Marchetti, President, AccountAbility Consulting

With information becoming digitized and electronic audit evidence on the rise, use of SOC 1 reports in financial statement audits are becoming more prevalent. Whether you’re a financial statement auditor, an internal auditor or management charged with governance, being better able to identify pertinent information in the SOC 1 report that affects your entity

or your audit will be greatly beneficial.

Through real-world examples, this course will review the contents of each section of a SOC 1 report, highlighting key items, areas of focus and high-risk areas. Ensure you are considering the implications for the financial statement audit of pertinent information in the SOC 1 report — including the implications for risk assessment and tests of controls — to comply with applicable standards.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: AICPA Oct. 19 | Open noon Program 12:30 – 4 p.m.

Conducting a Remote Audit (CL4REMA) Michele Kemp, CPA, Owner, The Kemp Firm LLC

Auditing changed significantly in 2020, and some of those changes are likely to be with us permanently. This course will take the auditing standards we must follow and apply them practically to real-life examples of remote auditing.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: AICPA

wicpa.org/CPEcatalog

Oct. 20 | Open 8 a.m.

Program 8:30 a.m. – noon Construction Contractors: Accounting & Financial Reporting Issues (CST4) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 21 | Open 8 a.m.

Program 8:30 a.m. – noon Financial Reporting Implications of the COVID-19 Pandemic (FRC4) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC

The impact of the COVID-19 pandemic has created significant financial reporting implications for virtually all entities. Many formerly profitable entities will be looking at charges for once unthought-of circumstances, from fixed asset impairment to inventory and receivables write-downs. Many entities will need to account for debt and other contractual modifications, and applying this often-complex

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 29 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Audits of 401(k) Plans: New Developments & Critical Issues (AFPL) Daryl G. Krause, CPA, CEO, DG Krause LLC The 401(k) plan — one of the most favored employee benefit plans — provides unique challenges for auditors.

Obtain an understanding of the rules and regulations unique to employee benefit plans with the practical guidance provided by this course. Enhance your knowledge through real-world examples, best practices and efficient audit techniques that can be utilized in various audit engagements. Make sure your audits don’t trigger a Department of Labor (DOL) inspection by conforming to all applicable rules and regulations.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Sept. 29 Level of knowledge: Beginning CPE credit: 8 credits Developed by: Surgent McCoy CPE, LLC

53

PLUS:

Register at least 30 days prior and get an additional

$50 OFF Conferences and

$50 OFF Seminars

Applies to programs over 8 hours.

wicpa.org/CPEcatalog See specific event registration for details, or call and ask for the WICPA CPE Department at 262-785-0445.

The Bottom Line | 2 0 2 1 E d i t i o n

Accounting and financial reporting for construction contractors may be the most difficult area to keep in compliance with the various standards. Also, construction engagements are in many instances more “dangerous” than most lines of businesses, due to the many users of the financial statements. We will discuss why construction accounting and financial reporting are so complex in addition to the relationship between the contractor and the surety, from both an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.

accounting guidance in these areas can be challenging. We will review in detail the accounting guidance that many entities will need to apply when preparing their next set of financial statements. We will also examine disclosure guidance for such topics as going concern considerations and subsequent events as well as other relevant financial statement recognition and presentation issues.

Seminars l Accounting & Auditing

Nov. 1 | Open 8 a.m.

Program 8:30 a.m. – noon Introduction to Forensic Accounting (ITFA)

William I. Eskin, CPA, Owner, WIE, Inc.

54 The Bottom Line | 2 0 2 1 E d i t i o n

Forensic accounting encompasses fraud investigation and prevention as well as a wide variety of functions in litigation. Forensic accountants provide services ranging from expert witness to litigation consultant and bankruptcy trustee. A critical role of the forensic accountant is exposing and examining financial fraud. Technology expands the way companies conduct business.

However, technology also provides greater opportunities for those willing to commit fraud. Forensic accountants rely on their skills in accounting, coupled with their investigative skills, to explain to clients, courts and jurors how fraudulent schemes occur and the effect caused by fraud.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

can leave a firm vulnerable. We will discuss the audit procedures that should be performed in accordance with AU-240, best practices in performing fraud risk assessment procedures, when and how to report control deficiencies noted in an audit and the most frequent types of fraud found in small to mid-size entities, along with internal controls that could be implemented to help prevent and detect them.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 3 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Annual Accounting & Auditing Update (ACAU)

Kenneth L. Levine, CPA, Retired Partner, BDO USA, LLP

William I. Eskin, CPA, Owner, WIE, Inc.

A comprehensive review of recent standard-setting activities of the FASB and AICPA standards issued over the past few years, this course will provide many hands-on examples and illustrations to help apply guidance in practice. The course is your go-to source for all things Accounting & Auditing and will prepare you for your upcoming engagements throughout the rest of the year.

The auditor’s responsibility in a financial statement audit is to assess risk and perform sufficient procedures to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error. However, failure to perform an adequate fraud-risk assessment and report deficiencies in internal control

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Oct. 3 Level of knowledge: Update CPE credit: 8 credits Developed by: Surgent McCoy CPE, LLC

Nov. 1 | Open noon Program 12:30 – 4 p.m.

Evaluating Fraud Risk in a Financial Statement Audit (ARF4)

Nov. 16-17 | Open 8 a.m. (WMSTP2A) Program 8:30 a.m. – 4:30 p.m.

Nov. 18-19 | Open 8 a.m. (WMSTP2B) Program 8:30 a.m. – 4:30 p.m.

Staff Training: Semi-Senior (Level 2) Richard A. Ferdinand, CPA, CFO, Ensconce Data Technology

Bonnie B. Kennedy, CPA, Senior Lecturer & Accounting Program Coordinator, Salve Regina University

In this blended-learning program that combines an interactive two-day course with self-study components, staff will gain the skills and confidence needed to successfully handle small engagements while meeting the needs of both the client and the firm.

They’ll leave with the capabilities to complete smaller audits, reviews and compilations with minimum supervision and maximum profitability.

Plus, they’ll build their skills with analytical procedures, financial statements, footnotes and corporate tax issues.

NOTE: There is a vendor-imposed limit for virtual attendance and the possibility registration will be capped. If any registrants register after the limit has been reached, they will be placed on a waiting list and contacted if a spot opens up.

Registration: $599 member | $649 nonmember Level of knowledge: Intermediate CPE credit: 24 credits Developed by: AHI Associates Dec. 15 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Leases, Financial Instruments & Revenue: The FASB’s “Big Three” (FSBT) Robert J. Henkels, CPA, Shareholder, LuPone & Associates, PC

Attain a comprehensive review of the FASB’s accounting and reporting standards changes. The new guidance

wicpa.org/CPEcatalog

on revenue (ASC 606), leases (ASC 842), and financial instruments (ASCs 321, 326 and 815) can be complex to apply and may have significant impact on companies. This course will dive into which changes have a major effect on all industries, using examples and illustrations to provide a hands-on approach that will help you better assess and implement the new standards and guidance applicable to your clients and organization.

Jan. 5-6, 2022 | Open 8 a.m.

Program 8:30 a.m. – 4:30 p.m.

Staff Training: Basic (Level 1) (WMSTP1A) Richard A. Ferdinand, CPA, CFO, Ensconce Data Technology

Training new staff is a solid investment in your employees and the future of your firm. In this blended-learning program that combines an interactive two-day course with self-study components, your staff will get the tools needed to improve efficiency, become more profitable and meet quality control standards. The

curriculum, geared for both local and regional firms, bridges the gap between the theory students learn in college and the tools staff members need in practice. Staff will get handson experience preparing workpapers, compilations and reviews, tax research and detailed audit tests.

NOTE: There is a vendor-imposed limit for virtual attendance and the possibility registration will be capped. If any registrants register after the limit has been reached, they will be placed on a waiting list and contacted if a spot opens up.

Registration: $599 member | $649 nonmember Level of knowledge: Beginning CPE credit: 24 credits Developed by: AHI Associates

TRACK YOUR CPE WITH THE WICPA’S CPE TRACKER The CPE Tracker is an easy to use tool created to keep track of all your CPE in one convenient location.

• Automatically tracks WICPA formal learning activities • Add any non-WICPA CPE courses • Print reports for any reporting period

To get started, visit wicpa.org/cpetracker

55 The Bottom Line | 2 0 2 1 E d i t i o n

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Nov. 15

Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Surgent McCoy CPE, LLC

Seminars l Ethics

ETHICS NOTE: All programs will be livestreamed unless otherwise noted.

Sept. 9 | Open 8 a.m.

Program 8:30 a.m. – noon Cases in Corporate Ethics: Discuss Real Life Conflicts (CCE) John L. Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education, Inc. 56 The Bottom Line | 2 0 2 1 E d i t i o n

Anyone who has ever attended a lectureformat ethics seminar knows there is a better way. This course will provide an opportunity for lively group discussion of real-world ethical dilemmas. We will discuss and examine eight cases drawn from real-life business conflicts involving corporate financial managers.

NOTE: This course qualifies for 4 credits toward the WICPA membership Ethics CPE requirement.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Executive Education, Inc. Nov. 2 | Open 8 a.m.

Program 8:30 a.m. – noon Ethical Considerations for CPAs (ETH4) William I. Eskin, CPA, Owner, WIE, Inc. CPAs today face greater challenges than ever to maintain the high ethical standards of their profession.

This course provides a framework

The missing piece of your marketing puzzle.

WICPA Sponsorships wicpa.org/sponsor

within which to consider the ethical challenges facing CPAs and focuses on ethical requirements that CPAs must adhere to in their everyday practice, including practical examples of potential ethical dilemmas that practitioners may encounter.

NOTE: This course qualifies for 4 credits toward the WICPA membership Ethics CPE requirement.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Seminars l Financial Planning

FINANCIAL PLANNING NOTE: All programs will be livestreamed unless otherwise noted.

Nov. 2 | Registration 7:45 a.m.

Program 8:15 a.m. – 12:15 p.m.

Brookfield Conference Center, Brookfield Annual Retirement Plan Investment Seminar (401K) James Marshall, Chairman/Founder,

This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning how to reach their retirement goals.

Registration: Free Level of knowledge: Update CPE credit: 4 credits Developed by: Spectrum Investment Advisors, Inc.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Dec. 9 | Open 8 a.m.

Program 8:30 a.m. – noon Securing a Comfortable Retirement (SCR4) Kevin L. Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management, LLC

Take the

MYSTERY

out of your member profile!

UPDATE your profile and stay connected.

Log on to wicpa.org/MyWICPA with your WICPA username and password.

57 The Bottom Line | 2 0 2 1 E d i t i o n

Spectrum Investment Advisors, Inc. Jonathan Marshall, MBA, Chief Investment Officer, Chief Commercial Officer, Partner, Spectrum Investment Advisors, Inc. Manuel Rosado, MBA, AIF, President, Partner, Spectrum Investment Advisors, Inc. Will Hansen, Executive Director, Plan Sponsor Council of America Bruce Johnstone, CFA, Managing Director & Sr. Marketing Investment Strategist, Fidelity Investments Dennis Snow, President, Snow & Associates, Inc.

The retirement plan investment seminar incorporates fiduciary best practices, retirement plan design strategies, financial wellness, timely market and economic insights, and human-interest stories.

Seminars l Government & Nonprofit

GOVERNMENT & NONPROFIT NOTE: All programs will be livestreamed unless otherwise noted.

Oct. 4 | Open 8 a.m.

Program 8:30 a.m. – noon Government & Nonprofit Frauds and Controls to Stop Them (FCS4) Michael J. Morgan, CPA, President, Langford Educational Enterprises, Inc. 58 The Bottom Line | 2 0 2 1 E d i t i o n

George Washington once wrote, “We ought not to look back, unless it is to derive useful lessons from past errors, and for the purpose of profiting by dear bought experience.” The cost of fraud, dearly paid by governments and nonprofits, is too severe not to learn and profit from. Look back at real-world government and nonprofit frauds and derive useful controls to stop them. More than 15 focused exercises are included to provide an enhanced working knowledge of fraud and anti-fraud controls to both auditors and industry professionals.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 28 | Open 8 a.m.

Program 8:30 a.m. – noon The Most Critical Challenges in Notfor-Profit Accounting Today (CNA4) Michael J. Morgan, CPA, President, Langford Educational Enterprises, Inc.

This year, not-for-profit entities are preparing for or applying critical new standards related to contributions, leases and more. Now is the time to know more than just what the standards say; we need to know what

they mean and how they will affect not-for-profit entities. More than 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in not-for-profit accounting today.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Update CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Dec. 2 | Open 8 a.m.

Program 8:30 a.m. – noon Applying the Yellow Book to a Financial Statement Audit (QUA4) Michael J. Morgan, CPA, President, Langford Educational Enterprises, Inc.

Knowing just a little about the Yellow Book can hurt you. You need to have a thorough understanding of the standards. This course not only explains the Yellow Book financial auditing standards, but it also prepares you to excel in applying those standards. Learn precisely what the Yellow Book does and does not require auditors to do. More than 15 focused exercises are included to provide an enhanced knowledge of the Yellow Book.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Dec. 2 | Open noon Program 12:30 – 4 p.m.

Understanding & Testing Control & Compliance in a Single Audit (UTC4) Michael J. Morgan, CPA, President, Langford Educational Enterprises, Inc.

The control and compliance requirements applied in a single audit differ from the requirements applied in a GAAS audit. As a result, sometimes it is difficult to tell where the auditor’s responsibilities start or stop in a single audit. This course is designed to help you proceed and succeed in applying the single audit control and compliance requirements. More than 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in single auditing today.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Seminars l Management & Organization

wicpa.org/CPEcatalog

MANAGEMENT & ORGANIZATION NOTE: All programs will be livestreamed unless otherwise noted.

Sept. 8 | Open 8 a.m.

Program 8:30 a.m. – noon Staff Retention: Attract & Keep the Best People (SR) John L. Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education, Inc.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Executive Education, Inc. Sept. 14 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

The Tactical CFO: Make Your Business Processes Work for You (TCFO) John L. Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education, Inc.

Effective CFOs drive continuous improvements in their departments and beyond. Sharing ideas with experienced CFOs will enable you to improve your department’s performance in four key areas. You will learn skills that will help you improve the effectiveness of your finance team and company.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence

Oct. 7 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

The Strategic CFO: Big Picture Skills (SCFO) John L. Daly, CPA, MBA, CMA, CPIM, President & CEO, Executive Education, Inc.

Your financial accounting credentials do not automatically qualify you for a CFO role. Today’s CFOs have skills that go far beyond financial accounting. Come share ideas with veteran CFOs, and learn new techniques that will make you more effective now and long into the future.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Sept. 7 Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Executive Education, Inc. Oct. 12 | Open 8 a.m.

Program 8:30 a.m. – noon Advanced Financial Skills (CL4ACCS) Rebeka Mazzone, CPA, CGMA, Adjunct

Faculty Instructor, Providence College School of Business

Is your finance department seen as a cost center? Are you underutilized and underappreciated? Change that paradigm by transforming into a valueadded, highly sought-after partner in your organization. The traditional cost center is focused on the past, preparing historical financial statement and budget-to-actual analysis. The value-

adding finance department is focused on the future, helping to guide strategy and protect against risk, implementing change effectively and becoming a trusted organizational adviser.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: AICPA Oct. 19 | Open 8 a.m.

Program 8:30 a.m. – noon Controller/CFO Update: Hot Topics Facing Today’s Financial Professional (TCF4) Arthur G. Pulis, MBA, Owner, Pulis & Associates

In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand, they need to be abreast of the latest proven financial skills for making the best decisions; and on the other hand, they need the best skills to motivate, manage and lead people. Being pigeonholed into one area or another is neither good for career building nor for the good of the organization. This course will cover the latest issues that all CFOs and controllers need to know about and provide how-to guidance to allow for immediate use in their organizations.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Update CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

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Does it seem like you spend far too much time recruiting? Do your people leave just as they become productive?

If you think your turnover is because millennials are different from earlier generations, you probably are not looking at the real source of your problem. Learn the changes you should make now.

$50 early bird discount if registered and paid by Aug. 31 Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Executive Education, Inc.

Seminars l Management & Organization

Oct. 26 | Open 8 a.m.

Program 8:30 a.m. – noon Innovative Forecasting & Budgeting: Moving Beyond the Traditional Techniques (IFB4) Arthur G. Pulis, MBA, Owner, Pulis & Associates

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While 2020 showed us that planning often doesn’t work, some organizations survived far better than others due to their ability to handle unexpected change. The pandemic has shown that forecasting and budgeting processes must be far nimbler and allow the organization to shift rapidly. Look beyond the traditional techniques for easier ways to complete the process while cutting out the political pitfalls that end up causing a lack of accountability and can be demotivating to the staff. We will review such topics

as the sales/income plan, capital equipment planning, the “one-year operating plan” (formerly referred to as a budget), the “monthly operating plan,” cash planning, risk planning and much more.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 29 | Open 8 a.m.

Program 8:30 a.m. – 4:30 p.m Management & Leadership Essentials (WMMLES)

wicpa.org/CPEcatalog

Solid management and leadership skills will help boost your career and the careers of those you lead and supervise for your entire professional life. These essential skills need coaxing and training to be brought to life, and that’s what you’ll do in this course. We will explore effective leadership, communication, motivation, supervision, evaluation and coaching strategies as well as smart ways to generate more business and revenue.

Registration: $325 member | $375 nonmember Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Minnesota Society of CPAs

Carol J. Borsum, CPA, Director of

Operations, Armond Dalton Publishers, Inc.

WICPA CPE Livestream & CPE On-Demand Conveniently attend WICPA conferences, breakfast programs and seminars from anywhere with an internet connection!

• Counts toward formal CPE requirement

• Presentations and course materials included

• Automatically added to your WICPA CPE Tracker

• Special discounts for WICPA members

Register now at wicpa.org/Livestream and wicpa.org/OnDemand

UPCOMING WICPA CONFERENCES YOU R S OU R CE FOR KEY UPDAT ES & I N S IG H TS ON T IM ELY ISSUES

IMPLEMENT

SUCCEED

LEARN 61

SAVE THE DATE!

Business & Industry Fall Conference Tuesday, Sept. 21 WICPA CPE Livestream

Tax Conference Monday, Nov. 15 & Tuesday, Nov. 16 WICPA CPE Livestream

Not-for-Profit Accounting Conference Thursday, Sept. 23 WICPA CPE Livestream

Accounting & Auditing Conference Thursday, Nov. 18 WICPA CPE Livestream

Accounting Technology Conference Tuesday, Dec. 7 WICPA CPE Livestream

WICPA members save up to $150 on registration!

Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences.

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NETWORK

Seminars l Taxation

TAXATION NOTE: All programs will be livestreamed unless otherwise noted.

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Sept. 20 | Open 8 a.m.

Program 8:30 a.m. – noon

Sept. 28 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Farm Tax Update: Developments & Planning (WMFTR1A)

Form 990: Best Practices for Accurate Preparation (F9B)

Paul Neiffer, CPA, Principal, CLA

Martin J. Birr, CPA, CMA, CIA, MBA,

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The agriculture industry is ripe with unique tax planning opportunities and is bound by specialized tax rules. Discover how the latest tax legislation, including pandemic-related developments, will affect agribusiness and tax planning strategies.

Registration: $195 member | $220 nonmember $30 early bird discount if registered and paid by Sept. 3 Level of knowledge: Update CPE credit: 4 credits Developed by: Minnesota Society of CPAs Sept. 21 | Open 8 a.m.

Program 8:30 a.m. – noon Farm Tax Update: Income, Deductions & Credits (WMFTR2A) Paul Neiffer, CPA, Principal, CLA The agriculture industry’s unique tax rules are closely linked to specialized income and tax deduction opportunities. Discover how to apply key tax planning concepts unique to agribusiness, and gain guidance on how to maximize tax benefits for your farm clients.

Registration: $195 member | $220 nonmember $30 early bird discount if registered and paid by Sept. 3 Level of knowledge: Update CPE credit: 4 credits Developed by: Minnesota Society of CPAs

Trustee Lecturer in Accounting, Kelly School of Business at Indiana University

In basic terms, Form 990 is the annual federal return that is required to be filed by all types of exempt organizations.

Review the basics of Form 990 and cover the complete form and all accompanying schedules. This course will go line by line through Form 990 and offer explanations and tips for accurate completion.

Participants will gain an understanding of the tax and practical points essential to completion of Form 990, which has a 12-page core form and 16 schedules.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Aug. 28 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA Oct. 1 | Open 8 a.m.

Program 8:30 a.m. – noon Social Security & Medicare: Maximizing Retirement Benefits (CL4SSM) Arthur Auerbach, CPA, CGMA, Tax Consultant, Asbury Law Firm

Our Social Security system provides retirement, disability and survivor benefits to millions of Americans. The long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are

now paying into the system. Learn about FICA, the Medicare tax and more as we cover real-world situations, and use the tools provided to advise your clients to make optimal decisions when it comes to Social Security and Medicare.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: AICPA Oct. 27 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Buying & Selling a Business: Critical Tax & Structuring Issues (SELL) Edward A. Harter, CPA, Sole Practitioner, Edward A. Harter, CPA

One of the major transactions CPA clients enter into is a purchase or disposition of a business. To help tax professionals in advising those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Sept. 27 Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Surgent McCoy CPE, LLC

wicpa.org/CPEcatalog

Nov. 4 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Advanced Tax Planning: S Corporations (ATPSC)

Robert R. Lyons, CPA, Managing Tax Director, Marks Paneth LLP

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Oct. 4 $30 AICPA member discount Level of knowledge: Advanced CPE credit: 8 credits Developed by: AICPA Nov. 8 | Open 8 a.m.

Program 8:30 a.m. – noon Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities (FTL4) John N. Sherrick, CPA, MA, Partner, Sitrick & Associates, LLC

Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 8 | Open noon Program 12:30 – 4 p.m.

Limited Liability Companies: Losses, Liquidations, Terminations, Continuations & Sales (ACL4) John N. Sherrick, CPA, MA, Partner, Sitrick & Associates, LLC

The purpose of this course is to provide an in-depth discussion of select advanced-level issues affecting LLCs and LLPs, such as when distributions are taxable, critical differences between Section 736(a) and (b) payments, sale of an LLC interest and the 2017 TCJA Partnership and LLC provisions, including the latest updates on Section 199A as it shakes itself out.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Advanced CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Nov. 9 | Open 8 a.m.

Program 8:30 a.m. – noon This Year’s Top Tax & Financial Planning Ideas (IEF4) John N. Sherrick, CPA, MA, Partner, Sitrick & Associates, LLC

With tax rates for individuals, estates and trusts changing, tax planning takes on greater importance. New ideas for financial planning and retirement must be considered. The purpose of this course is to explore practical tax planning ideas that practitioners can use to assist clients with their needs.

This course is crucial for CPAs who are looking for good ideas that can save clients money.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 9 | Open noon Program 12:30 – 4 p.m.

Advanced Trust Issues: A Roadmap for Success in an Increasingly Complex Area (TRS4) John N. Sherrick, CPA, MA, Partner, Sitrick & Associates, LLC

Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, especially when explaining the functions to a client and subsequently having the client comply with the trust terms. This course will delve into best practices in navigating, advising and protecting your clients in common trust structure scenarios.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Advanced CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

63 The Bottom Line | 2 0 2 1 E d i t i o n

As a tax practitioner, you need to understand the intricacies of the ever-popular S Corporation form of doing business and consider the tax effect various types of S Corporation distributions will have on its shareholders. Updated for the latest guidance on tax reform, this course examines planning and reporting successful complex S Corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client’s tax bill with winning strategies related to this type of entity.

loss limitations. Get up to speed on the complexities and interactions of pass-through entities to support their recent growth in popularity. Explore the impact of debt, indemnities, guarantees and shareholder/partner agreements in addition to basic, passive and excess loss limitations.

Seminars l Taxation

Nov. 22 | Open 8 a.m.

Program 8:30 a.m. – noon Key Partnership & S Corporation Tax Planning Strategies (BTS4) David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA, Owner, Peters Financial LLC

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Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. Learn how the strategies and techniques in businessrelated tax planning are modified for pass-through entity clients and how to address unique problems specific to passthrough entities, through highlighted topics including tax reform changes, basis planning, net investment income planning, related party transactions and income splitting/shifting with family.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 22 | Open noon Program 12:30 – 4 p.m.

Guide to Payroll Taxes & 1099 Issues (GPT4)

David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA, Owner, Peters Financial LLC Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business, and IRS penalties for noncompliance have risen dramatically in recent years. As a result, they have also been subject to employer incentives. The IRS has announced that uncovering noncompliance by employers ranks high on its audit list.

This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099 and related compliance issues.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 30 | Open 8 a.m.

Program 8:30 a.m. – noon

with the relevant returns and plan strategically for your company or clients.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC

Mastering Basis Issues for S Corporations, Partnerships & LLCs (HMB4)

Dec. 3 | Open 8 a.m.

Program 8:30 a.m. – noon

Edward A. Harter, CPA, Sole Practitioner,

Select Estate & Life Planning Issues for the Middle-Income Client (PMI4)

The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules.

This course is designed to focus on the their practical applications of these rules.

Kevin L. Miller, CPA, CFP, CPWA, Partner,

Edward A. Harter, CPA

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Nov. 30 | Open noon Program 12:30 – 4 p.m.

Real Estate Taxation: Critical Considerations (RET4) Edward A. Harter, CPA, Sole Practitioner, Edward A. Harter, CPA

This course is a deep dive into many aspects involving the taxation of real estate, for the mid-level practitioner moving into this complex area. Deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, operating and selling real estate. Discuss in detail the impact the Tax Cuts and Jobs Act continues to have on the real estate industry as well as the impact of COVID-19. You will leave this course able to navigate critical issues associated

TruNorth Capital Management, LLC

Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all CPAs who work with middleincome clients and are looking for ways to provide additional quality services.

Learn about issues your clients are most likely to face when it comes to estate planning and which documents you should be sure your clients have.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Dec. 13 | Open 8 a.m.

Program 8:30 a.m. – noon IRS Disputes (IRS) William F. Murphy, CPA, PFS, ABV, CFF, CGMA, CVA, Owner, Murphy Financial Group, P.C.

Want to help your client save money and avoid potential trouble with the IRS? This course explains what may trigger an IRS audit, how to negotiate, settle on appeal, qualify for an IRS collection program and evaluate your client’s best options

wicpa.org/CPEcatalog

for dealing with the IRS. You will also learn about IRS audit techniques, how to handle requests and appeal rights so you can represent your clients with confidence.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: AICPA Dec. 14 | Open 8 a.m.

Program 8:30 a.m. – noon Bruce M. Nelson, CPA, MA, Director of SALT, EKS&H, LLLP

Both businesses and individual clients face major changes as a result of tax reform, and tax professionals face the considerable challenge of delivering effective planning advice and services to address this myriad of recent developments. This course addresses this challenge and also encompasses the latest cases and rulings applicable to individual and business clients.

NOTE: This program is approved for 7.5 CLE credits

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Nov. 16 $30 AICPA member discount Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA Dec. 20 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Introduction to Business Acquisitions (IBA) Donald B. Cooley, CPA, Tax Partner, Cotner, Cooley & Clark CPAs

Charles Borek, CPA, MBA, JD, CEO, Borek

This course will help you become a key adviser to your client or employer who is interested in buying or selling a business. It provides the participant with a foundation of knowledge about the most common types of business acquisitions that a business owner may utilize or be a party to during the life of the business. You will gain a working knowledge sufficient to prepare basic tax models for business acquisitions and obtain data necessary to complete an analysis/comparison and recommendation for a course of action.

Save time and keep current on the latest tax developments. This comprehensive course covers all legislative, judicial and IRS developments of the past year, with a focus on implementation and compliance. Discover how to effectively and confidently complete tax planning and compliance engagements. We will cover current developments affecting

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Nov. 20 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Update CPE credit: 4 credits Developed by: Surgent McCoy CPE, LLC Dec. 16 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Tax Advisors Update (PTU) Group, LLC

65

ATTENTION! THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2021 Reporting Period: Jan. 1, 2020 – Dec. 31, 2021 CPE Requirement: 80 total CPE credits Ethics Requirement: 3 Ethics CPE credits

Visit wicpa.org/CPErequirements for updated information about CPE requirements.

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Federal Tax Update (BFT4)

individuals (including those regarding income, deductions and losses, tax calculations, individual credits and filing matters), business entities (including those regarding S Corporations and their shareholders, C Corporations and partnerships), estates and trusts, retirement plans and more.

Seminars l Taxation

Dec. 28 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Hottest Tax Topics for 2021 (HOT) Robert R. Lyons, CPA, Managing Tax Director, Marks Paneth LLP

66 The Bottom Line | 2 0 2 1 E d i t i o n

In the wake of the biggest Internal Revenue Code overhaul since 1986 and many recent legislative changes, business and individual clients are asking, “How does this affect me?”

They want to know if they’re at risk, if they will pay higher taxes and what new strategies they can employ under the current taxing regime. Be armed with the latest tax planning strategies and knowledge of the hottest topics coming out of tax reform to better serve your clients. Learn how to better advise your clients by offering them the latest tax saving strategies.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Nov. 28 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA Dec. 29 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Multistate Income Tax (MST) Bruce M. Nelson, CPA, MA, Director of SALT, EKS&H, LLLP

You can conquer the theoretical conundrums and compliance issues caused by the question of whether or not a business has nexus in a particular jurisdiction. Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. Considering the rate of change, you can’t afford to be out of date with your knowledge of this critical tax area.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Nov. 29 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA Jan. 10, 2022 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Advanced Taxation: LLCs & Partnerships (APL) Kevin M. Krantz, CPA, Principal, Krantz & Company CPA, LLC

Partnership tax law is arguably one of the most complex sets of provisions in the Internal Revenue Code. This course can help you to master the advanced concepts of partnership taxation so you can provide your clients with valuable advice and tax planning strategies.

Updated with the most recent legislation and IRS guidance affecting partnerships and LLCs, this course will guide you through the complicated world of advanced partnership and LLC tax law.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered and paid by Dec. 10, 2021 $30 AICPA member discount Level of knowledge: Advanced CPE credit: 8 credits Developed by: AICPA

PLUS:

Register at least 30 days prior and get an additional

$50 OFF Conferences and

$50 OFF Seminars

Applies to programs over 8 hours.

wicpa.org/CPEcatalog See specific event registration for details, or call and ask for the WICPA CPE Department at 262-785-0445.

67

THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2021 Reporting Period: Jan. 1, 2020 – Dec. 31, 2021 CPE Requirement: 80 total CPE credits Ethics Requirement: 3 Ethics CPE credits

Visit wicpa.org/CPErequirements for more information about CPE requirements.

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ATTENTION!

CPE Requirements

CPE REQUIREMENTS What are the CPE membership requirements?

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a) A minimum of 20 CPE credits annually. b) 80 CPE credits, including 3 ethics credits, during each 2-year reporting period and include not less than 40 CPE credits from formal learning activities.

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What is the current CPE compliance period?

Jan. 1, 2020 — Dec. 31, 2021 What is the ethics requirement?

A minimum of 3 ethics credits must be completed during each 2-year compliance period. Ethics credits must be obtained through a formal CPE activity that includes verification of participation.

What counts as ethics to meet the requirement?

The type of information that may be covered in a formal creditable ethics presentation may include a broad spectrum of ethics concepts that include, but are not limited to Wisconsin CPA regulatory ethics, AICPA professional ethics standards, other regulatory ethics concepts such as tax or securities ethical requirements, and situational or behavioral ethics relating to business decisions and communications that are not the subject of regulations or professional standards.

I joined in the middle of the year, do I still need to complete the full CPE requirement?

New members who join in the first year of the compliance period are reduced by one-half of the total credits

for the compliance period. However, members must complete a minimum of 40 credits the following year (the second year of the compliance period) including 3 ethics credits.

New members who join in the second year of the compliance period are exempt from the total credit requirement for the compliance period.

Do I need to comply with the CPE membership requirement if I am a student, part-time, unemployed or retired?

Students do not need to comply with the CPE membership requirement until they move to Affiliate or CPA status.

Part-time and unemployed members are required to meet the CPE membership requirement.

Retired members (working less than 1,000 hours per year) and are not a licensed CPA are not required to meet the CPE membership requirement.

Is CPE required to renew a Wisconsin CPA license with the Department of Safety and Professional Services (DSPS)?

Yes. Beginning with December 2021 license renewal, all licensed CPAs and those who practice as a CPA must complete CPE requirements.

Are the WICPA membership CPE requirements the same as DSPS? Yes and they also include all CPA certificate holders (licensed or inactive) and affiliate members.

What if I’m a CPA and don’t renew my CPA license with DSPS? WICPA membership requires continuing education for each compliance period, regardless if a CPA license has not been

renewed. All CPA certificate holders are required to complete the membership requirements for continuing education.

Can I still use “CPA” if I don’t renew my license?

If a CPA license is not renewed with DSPS, you must identify yourself as “CPA inactive certificate holder.”

What learning activities count toward CPE? Acceptable format for formal and informal learning activities include all the following: • Attending, listening to or presenting in-person and online lectures • Participating in online webinars and webcasts • Completing self-study courses developed by a vendor • Researching a course • Performing independent research • Listening to podcasts • Watching videos • Reading books and articles • Attending meetings, serving on boards, committees and task forces • Engaging in learning activities that enhance professional growth and competence Are CPE activities or providers required to be approved or accredited?

No, CPE activities or providers are not required to be approved or accredited by the WICPA or any other organization.

wicpa.org/CPErequirements

What are the requirements for formal learning activities?

Can I meet my CPE requirement with 100% formal or 100% informal credits?

A formal learning activity must meet all the following requirements:

At least half of required CPE credits must be completed through formal CPE activities. All credits can be acquired through formal learning if desired.

a) Participation can be objectively confirmed by a program sponsor

Ethics credits must be obtained through a formal CPE activity that includes verification of participation.

c) The program sponsor or presenter have education and experience appropriate for the activity to enhance the competency of participants

Many formal CPE activities already have a pre-determined number of credits where no additional calculation is needed. Time-based CPE activities must be recorded using a minimum of 5-minute increments; 50 minutes is equivalent to 1 CPE credit.

What are the requirements for informal learning activities?

Informal learning activities must document the following: a) The format of the activity b) The date(s) on which the learning activity was performed and completed

How do I calculate CPE credits?

However, in situations such as attending a college course or program not assigned with a CPE credit value, the following formulas can be used for calculating the number of CPE credits:

What are the recordkeeping and reporting requirements?

Each member must keep records of their CPE credits earned. Members should maintain detailed supporting records for a period of 5 years following the completion of the learning activity for all CPE credits completed.

Ultimately, the CPE credit claimed is the responsibility of the individual member.

Each member may claim credit only for the learning activities he or she fully completed that increased his or her professional competence.

• 1 credit semester courses = 15 CPE credits

How should members report their CPE credits?

c) The subject matter of the activity

• 1 credit quarter courses = 10 CPE credits

By paying dues, members are verifying that:

d) The number of CPE credits claimed for participating in the activity

• 1 Continuing Education Unit (CEU) = 10 CPE credits

e) The materials prepared or used by the participant in conjunction with the activity which may include any of the following: • The title and author of a book that was read • A copy of an article that was read, or the title of the article and the name of the publication in which the article appeared • Minutes from a meeting attended • A program outline or handouts from an activity attended • A link to reading, video, audio, or any other online learning materials or activities performed or completed

Note: Time for studying or taking an exam does not count toward CPE credits.

Additionally, the number of CPE credits that may be claimed by an instructor, discussion leader or speaker for preparation and presentation of a CPA learning activity may not exceed 3 times the number of credits awarded to individuals attending or participating in the activity. For repeat presentations, CPE credit can be claimed only if it can be demonstrated that the learning activity content was substantially changed, and such change required significant additional study or research.

How do I calculate CPE credits for informal activities?

For informal learning activities, rather than developing granular rules

a) CPE requirements have been met b) Records and documents have been maintained that support the CPE compliance c) Records and documents may be audited d) Misrepresenting CPE compliance may result in publication of noncompliance and misrepresentation, as well as classification as a member not in good standing. It may also result in termination of WICPA membership as well as reporting of misrepresentation to licensing authorities as an “act discreditable to the profession,” which could result in revocation of CPA certificate and license Members are encouraged to use the WICPA’s CPE Tracker to record both

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b) Materials describing the activity specifying the subject matter, prerequisites, advance preparation, format, number of credits awarded

specifying CPE computation formulas to estimate competency enhancement achieved from every type of learning activity, the WICPA Board decided to adopt a principles-based approach requiring each member to apply professional judgment in computing CPE credits for learning activities.

CPE Requirements

formal and informal CPE activities since this will simplify the process of recording. Additionally, formal learning activities held by the WICPA will be automatically added and certain qualifying informal (e.g., committee attendance and board service) activities will automatically be added.

Can I carryforward CPE credits?

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A maximum of 40 CPE credits that exceed the minimum number of credits required to satisfy the requirement in the earlier compliance period may be carried forward from one compliance period to the next consecutive compliance period. The carry forward credits can consist of any combination of formal or informal credits.

Up to 3 ethics credits that exceeded the earlier compliance period ethics requirement may be carried forward to satisfy the compliance period to which they are carried over.

Can I carryback CPE credits?

Credits earned during the first 12 months of a compliance period can be carried back to the immediately preceding compliance period to the extent necessary to satisfy the CPE requirements for such preceding period, provided the carryback credits are not sued to satisfy CPE for more than one compliance period.

Can CPE credits carried forward to the next consecutive compliance period or CPE credits earned during the first 12 months of a compliance period carried back to the immediately preceding compliance period be used to satisfy the CPE requirements for either 12-month period of that compliance period?

Yes. CPE credits that are carried forward or carried back maybe used to satisfy the CPE requirement for either 12-month period of the compliance

period to which the carryback or carryforward occurs, provided the same credits are not used to satisfy the requirements of both 12-month periods.

Can I request a waiver for my CPE requirements?

Non-CPA and non-licensed CPA members may request a waiver from the WICPA if they have been prohibited from fulfilling the CPE requirements.

Requests must be submitted in writing to the CEO of the WICPA and will be reviewed on a case-by-case basis.

The WICPA CEO may waive all or a portion of the CPE credits required if exceptional circumstances have prevented meeting the requirements.

All licensed CPA members must request a waiver from DSPS and provide documentation of the waiver determination to the WICPA in order for the WICPA to also waive CPE credits.

What are acceptable reasons to request a waiver?

Foreign Residency The request should include the country of residence, the name of the employer, the member’s principal duties and responsibilities, and the reasons foreign residency prohibited fulfilling the CPE requirement.

Health The request should include the nature of the illness or disability and the reason the illness or disability prohibited fulfilling the CPE requirement.

Military Service The request should include the principal duties performed, where the member was stationed and the reason military service prohibited fulfilling the CPE requirement.

Other Similar Reasons The request should include the

nature of the hardship and the reason it prohibited fulfilling the CPE requirement.

How does this compare to the AICPA and other licensing jurisdictions requirements for CPE? The updated WICPA CPE membership requirements described above are not the same as AICPA CPE membership requirements, Yellow Book CPE requirements, Peer Review CPE requirements, or the CPE requirements of CPA licensing jurisdictions outside Wisconsin that continue to apply the 1970s learning models that generally require 50-minute CPE time increments as well as lecture-based formal learning activities.

In addition, each of the 55 U.S. CPA licensing jurisdictions has its own unique CPE requirements. The only similarity among the jurisdictions is that they all reference the general CPE requirement of 40 CPE credits per year (although reporting periods vary from 1 to 3 years), and one CPE credit earned for 50 minutes for timebased learning activities. In addition, CPAs performing attest services or government audits may be subject to separate Peer Review or Yellow Book CPE requirements.

Is the WICPA a registered sponsor with the IRS to receive credit related to PTIN (enrolled agent)?

No, the WICPA is not an approved sponsor for CPE for enrolled agents.

CPE Registration FAQs

REGISTRATION FAQS How do I register for a continuing professional development program?

There are three easy ways to register: online, fax or mail. An email, phone number and full payment must accompany all registrations. American Express, Discover, MasterCard and Visa are accepted.

• Download a printable form: Fax to: 262-785-0838 Mail to: WICPA W233N2080 Ridgeview Parkway, Suite 201 Waukesha, WI 53188

Is there any advantage to registering early?

Yes! Most seminars are limited in size and registering early will guarantee you the seminars of your choice. Also, the WICPA can avoid having to cancel a course due to insufficient early registrations. Plus, there are early bird discounts!

How do the super early bird and early bird discounts work?

To receive Super Early Bird or Early Bird pricing on a program, that program must be registered for - or postmarked and paid for - by the Super Early Bird or Early Bird advertised date. Please see individual programs for their savings deadline.

Do I receive other benefits on registration fees as a WICPA member?

Yes! WICPA members can receive additional registration discounts of up to $100, while nonmembers pay a higher registration fee. Additional discounts are available for retired, part-

What happens if I have to cancel my registration?

For a full refund, the WICPA CPE Department must receive a notification of cancellation or a request to transfer to a different program at least 14 days before the program date. Cancellations or program transfer requests received between 13 and 7 days prior to the presentation date will be subject to a cancellation fee of 50% per person, per program. No refund or program transfer request will be granted for cancellations made less than 7 days of the program. Substitute registrants are allowed. No refund or program transfer request will be granted if electronic materials have been downloaded that have been provided for the program you are canceling.

Can I send a substitute?

Yes. A registration can be transferred to another person if you are unable to attend a program. CPE credit will be given to the person who attends the program. Substitutions may be handled by contacting the WICPA CPE department or at registration on the day of the program.

What happens if the WICPA cancels a program?

If a program is cancelled fewer than 14 days prior to the presentation date, registrants will receive a full refund and will be notified directly by email and receive a follow-up notification by phone. Early registration can help prevent the WICPA from cancelling a program.

NOTE: The WICPA is not responsible for any personal expenses incurred if a program is cancelled.

TRACK YOUR CPE WITH THE WICPA’S CPE TRACKER The CPE Tracker is an easyto-use tool created to keep track of all your CPE in one convenient location.

• Automatically tracks WICPA formal learning activities • Add any non-WICPA CPE courses • Print reports for any reporting period To get started, visit wicpa.org/CPEtracker

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• Search the catalog and register online using our secure website wicpa.org/CPE

time and unemployed members on several courses.

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2021-2022 CPE Calendar LIVESTREAM PROGRAMS DATE

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Sept. 8 Sept. 9 Sept. 10 Sept. 13 Sept. 14 Sept. 15 Sept. 20 Sept. 21 Sept. 27 Sept. 28 Sept. 29 Sept. 29 Oct. 1 Oct. 4 Oct. 5 Oct. 6 Oct. 7 Oct. 11 Oct. 12 Oct. 19 Oct. 19 Oct. 20 Oct. 21 Oct. 22 Oct. 26 Oct. 27 Oct. 28 Oct. 29 Oct. 29 Nov. 1 Nov. 1 Nov. 2 Nov. 3 Nov. 4 Nov. 5 Nov. 8 Nov. 8 Nov. 9 Nov. 9 Nov. 10 Nov. 16-17 Nov. 18-19 Nov. 22 Nov. 22 Nov. 30 Nov. 30 Dec. 2 Dec. 2

Staff Retention: Attract & Keep the Best People Cases in Corporate Ethics: Discuss Real Life Conflicts Understanding Social Security & Medicare Benefits Microsoft Teams: Meetings, Chat & Calls The Tactical CFO: Make Your Business Processes Work for You Providing Accommodations in the Workplace & Best Practices to Avoid Liability Farm Tax Update: Developments & Planning Farm Tax Update: Income, Deductions & Credits Microsoft Teams: Collaboration Solutions Form 990: Best Practices for Accurate Preparation Guide & Update to Compilations, Reviews & Preparations Performing an Effective Audit Risk Assessment in the COVID-19 Environment Social Security & Medicare: Maximizing Retirement Benefits Government & Nonprofit Frauds and Controls to Stop Them You Have a SOC 1 Report: Now What?

Wisconsin Property Tax Update: Tips & Tricks to Navigating Property Tax Season The Strategic CFO: Big Picture Skills Microsoft OneNote: For Organizing Advanced Financial Skills Controller/CFO Update: Hot Topics Facing Today’s Financial Professional Conducting a Remote Audit Construction Contractors: Accounting & Financial Reporting Issues Financial Reporting Implications of the COVID-19 Pandemic Managing Data in Excel Innovative Forecasting & Budgeting: Moving Beyond the Traditional Techniques Buying & Selling a Business: Critical Tax & Structuring Issues The Most Critical Challenges in Not-for-Profit Accounting Today Audits of 401(k) Plans: New Developments & Critical Issues Management & Leadership Essentials Introduction to Forensic Accounting Evaluating Fraud Risk in a Financial Statement Audit Ethical Considerations for CPAs Annual Accounting & Auditing Update Advanced Tax Planning: S Corporations Cyber Risk & CPA Customer Impact Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities Limited Liability Companies: Losses, Liquidations, Terminations, Continuations & Sales This Year’s Top Tax & Financial Planning Ideas Advanced Trust Issues: A Roadmap for Success in an Increasingly Complex Area Economic & Market Outlook & Retirement Plan Investment Trends Staff Training: Semi-Senior (Level 2) Staff Training: Semi-Senior (Level 2) Key Partnership & S Corporation Tax Planning Strategies Guide to Payroll Taxes & 1099 Issues Mastering Basis Issues for S Corporations, Partnerships & LLCs Real Estate Taxation: Critical Considerations Applying the Yellow Book to a Financial Statement Audit Understanding & Testing Control & Compliance in a Single Audit

SR CCE BP0910LS TS0913LS TCFO BP0915LS WMFTR1A WMFTR2A TS0927LS F9B CRU4 RAC4 CL4SSM FCS4 CL4SOC1 BP1006LS SCFO TS1011LS CL4ACCS TCF4 CL4REMA CST4 FRC4 BP1022LS IFB4 SELL CNA4 AFPL WMMLES ITFA ARF4 ETH4 ACAU ATPSC BP1105LS FTL4 ACL4 IEF4 TRS4 BP1110LS WMSTP2A WMSTP2B BTS4 GPT4 HMB4 RET4 QUA4 UTC4

4 4 2 1 8 2 4 4 1 8 4 4 4 4 4 2 8 1 4 4 4 4 4 2 4 8 4 8 8 4 4 4 8 8 2 4 4 4 4 2 24 24 4 4 4 4 4 4

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2021-2022 CPE Calendar LIVESTREAM PROGRAMS (CONT.) DATE

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Dec. 3 Dec. 8 Dec. 9

Select Estate & Life Planning Issues for the Middle-Income Client Federal Tax & Legislative Update Securing a Comfortable Retirement

PMI4 BP1208LS SCR4

4 2 4

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Dec. 10 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 20 Dec. 28 Dec. 29 Jan. 5-6, 2022 Jan. 7, 2022 Jan. 10, 2022 Jan. 12, 2022 Feb. 4, 2022

Wisconsin Tax Update IRS Disputes Federal Tax Update Leases, Financial Instruments & Revenue: The FASB’s “Big Three” Tax Advisors Update Introduction to Business Acquisitions Hottest Tax Topics for 2021 Multistate Income Tax Staff Training: Basic (Level 1) Individual Income Tax Update Advanced Taxation: LLCs & Partnerships Keeping the Red Out CPA Ethics: How to Successfully Navigate Disputes Between Shareholders & Members of Closely Held Businesses Diversity, Equity & Inclusion: Taking Steps to Continue to Promote DEI in the Workplace Recruiting & Retention Post Pandemic: Now What?

Benchmarking Your Retirement Plan Current Due Diligence & Valuation Issues in M&A How Do We Make Uncomfortable Situations Comfortable?

Hot Tax Practice Procedure & Ethical Issues From Compliance to Consulting

BP1210LS IRS BFT4 FSBT PTU IBA HOT MST WMSTP1A BP0107LS APL BP0112LS BP0204LS

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BP0216LS BP0304LS BP0309LS BP0406LS BP0408LS BP0504LS BP0513LS

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49 49 49 49 50 50 50

Feb. 16, 2022 March 4, 2022 March 9, 2022 April 6, 2022 April 8, 2022 May 4, 2022 May 13, 2022

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Nov. 2 Dec. 10 Dec. 17 Jan. 7, 2022 Jan. 14, 2022 Jan. 19, 2022

Annual Retirement Plan Investment Seminar-Brookfield Conference Center, Brookfield Individual Income Tax Update-Stoney Creek Hotel & Conference Center, Onalaska Individual Income Tax Update-Radisson Hotel & Conference Center, Green Bay Individual Income Tax Update-WICPA Lower Level Conference Center, Waukesha Individual Income Tax Update-Sheraton Madison Hotel, Madison Individual Income Tax Update-Hampton Inn & Suites Milwaukee West, West Allis

401K LCBP12 NBP12 WBP01 MBP01 MT01

4 4 4 4 4 4

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Sept. 21 Sept. 23 Nov. 15-16 Nov. 18 Dec. 7

Business & Industry Fall Not-for-Profit Accounting Tax Accounting & Auditing Accounting Technology

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8.4 8.6 14.3 8.4 8.8

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March 16, 2022 May 10, 2022 May 24, 2022

Business & Industry Spring-Brookfield Conference Center, Brookfield Financial Institutions-Brookfield Conference Center, Brookfield School District Audit-Kalahari Resort & Convention Center, Wisconsin Dells

BISC FIC SDA

TBD 44 TBD 45 TBD 45

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The CPE publication for accounting and business professionals

Wisconsin Institute of Certified Public Accountants W233N2080 Ridgeview Parkway, Suite 201 Waukesha, WI 53188 wicpa.org

ATTENTION! THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2021 Reporting Period: Jan. 1, 2020 – Dec. 31, 2021 CPE Requirement: 80 total CPE credits Ethics Requirement: 3 Ethics CPE credits

Visit wicpa.org/CPErequirements for more information about CPE requirements.

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Milwaukee, WI Permit No. 5845