The Bottom Line, 2022 edition

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

2022 Edition

Develop your skills l Update your knowledge base Advance your career

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Technology

The Profession

Taxation

Not-for-Profit Accounting

Sales & Use Tax

Human Resources

CPA Licensure

CPE Requirements

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Investment and Insurance Products: u NOT FDIC Insured u NO Bank Guarantee u MAY Lose Value

CONTENTS

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Features 4 CEO’s Message We are back!

By Tammy J. Hofstede, WICPA President & CEO

20 Not-For-Profit Accounting Considerations for crypto-assets

By Jaime Rapps, CPA

6 Technology Data security plans

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24 Sales & Use Tax Exempt entities

By Victoria Thayer, CPA, MSA

10 The Profession The first 10 years as an accountant

By Rachel Anevski, MAOB, PHR, SHRM-CP

14 Taxation The CPA’s guide to NFTs

By Jeff Stimpson With input from Jim Brandenburg, CPA, MST

By Holly Hoffman, MSA

28 Human Resources Safe Harbor 401(k) plans

By James Kieckhaefer, CPA, AIF

32 CPA Licensure Upcoming changes to CPA licensure model

By Daniel Dustin, CPA

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

2022 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 2022 The Bottom Line.

Rachella Fortier CPE Program & Event Manager Ext. 4505 rachella@wicpa.org

Brett Stallman Graphic Design Manager Ext. 4512 brett@wicpa.org Marcia Tillett-Zinzow Editor mtzinzow@icloud.com

Emily Weber CPE Program & Event Coordinator Ext. 4506 emily@wicpa.org

Join us online!

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Le t’s make the conne ct ion.

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

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Network with peers and grow your contact list using the member directory of more than 7,000 members.

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

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We are back!

By Tammy J. Hofstede

W

elcome to the new fiscal year! As we recognize the changes brought about by the COVID-19 pandemic over the last two years, we have evaluated and adjusted how we can better continue to serve you, our members. As we move forward to the next “new normal,” we will have expanded in-person and virtual learning and will continue providing relevant and timely updates utilizing videos, WICPA Connect, Featured News, social media and Frequency.

CPE 2022 is the first year of the two-year CPE reporting period for WICPA membership and CPA license renewal. To assist members with their CPE, your WICPA membership includes discounts on continuing education to keep you up to date on tax laws, technology, human resource issues and new standards. We will again offer free CPE programs, including three programs by the Wisconsin Economic Development Corp. and one selected program from each of our conferences that will include ethics. That’s 12+ new complimentary, formal CPE credits plus the free programs already in our course catalog.

Our conferences are back in person, and we continue to offer livestream as an option. Our primary venue for most of our conferences will be held at the new Brookfield Conference Center, which is easily accessible from the interstate and has free parking and an attached hotel with negotiated reduced room rates for out-of-town attendees.

We researched and hired a new livestreaming vendor for our conferences. Starting in fall 2022, livestream conference attendees will have the option to select and attend concurrent sessions for most conferences.

The new vendor will also bring new options for our sponsors to market their products and services to our livestream attendees.

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We thank you for your continued support of the WICPA and our programs as we continue to shape programs, services and activities designed to enhance your opportunities and member experience.

For quick and convenient CPE, we have planned more one- to four-hour livestream programs including the Wednesday and Friday breakfast program season passes. The popular Individual Income Tax Update program with June Norman, a favorite that includes the Master Tax Guide, will continue to be held in person in several locations across the state (a livestream option is also available).

Go-to resource The WICPA is committed to being your go-to resource.

During challenging times like those we’ve had the last two years, we rely on best practices and idea sharing of members more than ever. We are your connection to upto-date, accurate and trustworthy information through our Featured News, social media, Connect, high-quality publications and e-news. Committee meetings and wicpa.org

membership events are also valuable opportunities to build relationships with other professionals from different areas of the state to share ideas and common challenges.

Although finalizing our media room was delayed longer than we expected, due to equipment purchases and the continued impact of COVID, we plan to deliver new videos that include featured members and committees, state and national updates and interviews with members and invited guests.

We will start our virtual monthly member orientation meetings again in the fall for those who wish to learn more about the WICPA.

Events All our signature events are back in person! Our annual golf outing at Ironwood Golf Course will be held in Sussex on Sept. 16. Also watch for networking nights to be back this fall and our Bowling Night again next April.

We thank you for your continued support of the WICPA and our programs as we continue to shape programs, services and activities designed to enhance your opportunities and member experience.

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

Make the Most of Your WICPA Website!

Use the MY WICPA personal dashboard to put membership at your fingertips.

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Easily track registrations, upcoming courses, events and meetings in MY CPE. • See your upcoming WICPA programs, events and meetings.

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• Add your organization’s information to Find a CPA. Reach out to membership@wicpa.org or call 800-772-6939 to become an administrator.

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Ask questions, give advice and share information in the WICPA Connect online community.

• Read and participate in current discussions — or start a new one.

• Personalize your profile by controlling notifications and adding interests, education, experience, signatures and your photo.

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• Connect with specialized groups by joining a committee such as Wisconsin or Federal Taxation, Business and Industry, Not-for-Profit and many others.

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Technology l Data security

No Firm Is Too Small … to implement a data security plan

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rotecting clients’ data is not only a good business practice — it is also required by law for professional tax preparers. Whether you are a partner in a large firm or a sole practitioner, you are required to implement security measures to

By Victoria Thayer, keep your clients’ data safe. This CPA, MSA article will cover why preventive measures are important, what the U.S. government requires of us and what you can do to ensure your firm is compliant.

Per the IC3 report, the agency received 649 complaints from organizations that were victims of ransomware. The second most-attacked industry by ransomware is financial services (Fig. 2). A growing responsibility in our industry is ensuring that we can protect our clients’ sensitive data.

Why preventive measures are important Per the Federal Bureau of Investigation (FBI) 2021 Internet Crime report,1 the complaints and losses received by the Internet Crime Agency (IC3) have increased by 181% and 393%, respectively, between 2017 and 2021 (Fig. 1).

Figure 2: FBI 2021 IC3 Report

According to Accenture’s Cost of Cybercrime Study,2 43% of cyberattacks target small businesses, but only 14% of businesses are prepared to defend themselves.

Thus, small CPA firms may be vulnerable to attacks and should understand the law and take actionable steps.

Federal law

Figure 1: FBI 2021 IC3 Report 1

https://www.ic3.gov/Media/PDF/AnnualReport/2021_IC3Report.pdf

Per the Federal trade commission 16 CFR Part 314,3 as of December 2021 the 1999 Gramm-Leach-Bliley Act was amended to update the safeguard rule, which requires tax preparers to create and maintain a data security plan. Failure to do so will cause the Federal 2 3

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https://www.accenture.com/us-en/insights/security/cost-cybercrime-study https://www.govinfo.gov/content/pkg/FR-2021-12-09/pdf/2021-25736.pdf

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Trade Commission to start an investigation. The amendment will go into effect Dec. 9, 2022.

To further emphasize preparer responsibilities, the Internal Revenue Service (IRS) updated the 2020 Form W-12, Preparer Tax Identification Number (PTIN) Application and Renewal. This update added a section in which tax return preparers must confirm that “as a paid tax return preparer, I am aware of my legal obligation to have a data security plan and to provide data and system security protection for all taxpayer information.”

Per the IRS video “Practice Before the IRS: Circular 230 and the Evolving Demands of Professional Responsibility,”4 the responsibility of a practitioner is to recognize their areas of weakness and to ensure they’re giving the client appropriate representation.

The IRS spokesperson states that competence relates not only to tax knowledge but to all aspects of practice, such as ways to safeguard client information, https://www.smallbiz.irs.gov/Business/Resources/PracticebeforetheIRSCircular230andtheEvolvingDemandsofProfessionalResponsibility 4

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and explains that a practitioner who uses a public WiFi network that can potentially compromise taxpayer information is a clear example of a behavior that can adversely affect an assessment of the practitioner’s competence.

Actionable next steps IRS publication 45575 provides a great roadmap for how firms can keep client data secure. According to the IRS publication, a firm needs to have a written data security plan that focuses on implementing the “Security Six” employee management and training documentation. The “Security Six” are as follows: 1) Antivirus software protects your computer from being damaged by malware. It should be set to automatically update.

2) A firewall blocks unwanted connections.

3) Multifactor authentication protects your account even if your credentials are 5

https://www.irs.gov/pub/irs-pdf/p4557.pdf

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compromised, since it uses your phone to receive a code that confirms your identity.

4) Comprehensive backups provide a snapshot of your system’s data at any given time. This allows you to restore information previously saved, in case you cannot access your current data. Keeping both onsite and offsite backups is recommended. Testing the backups is also key to ensuring the data is reliable and accessible.

5) Drive encryption prevents a criminal from accessing data from a stolen computer. Windows and Mac operating systems offer factory-installed encryption technology that should be turned on and left on.

6) A virtual private network (VPN) provides an encrypted “tunnel” for data communication between the office and a remote computer.

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The AICPA provides its members a written data security plan sample that can be customized to fit any size firm. (The link is provided in the resources section at the end of this article.)

The AICPA provides its members a written data security plan sample that can be customized to fit any size firm.

IRS publication 45576 also recommends implementing additional security measures such as the following: • Use strong passwords of at least eight characters that include letters, numbers and special characters. Don’t reuse passwords. The use of a password-manager application is recommended to autogenerate, safely encrypt and store passwords.

• Encrypt all files with sensitive information.

• Limit access to sensitive information to only the staff who need the information to complete their work.

• Check the total number of returns e-filed weekly under your PTIN and EFINs per your IRS account against the total returns e-filed per your tax software to ensure they match.

• If you have a Centralized Authorization File (CAF) number, withdraw any previous power of attorney for a taxpayer who is no longer a client.

• Educate clients about requesting a PIN from the IRS to prevent identity theft.

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https://www.irs.gov/pub/irs-pdf/p4557.pdf

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• Keep up to date with new threats or security requirements by subscribing to the IRS e-news for tax professionals and quick alerts.

The IRS article “Identity Theft Information for Tax Professionals”7 notes that cybercriminals target tax professionals because they are custodians of highly sensitive client data. Per the IRS, an estimated 91% of all data breaches and cyberattacks begin with a spearphishing email that targets a tax professional. The objective is to get you to click on a link or open an https://www.irs.gov/identity-theft-fraud-scams/identity-theft-information-for-taxprofessionals 7

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Cyberattacks can be damaging to a business economically and can also ruin a business’s reputation. attachment that allows the cybercriminal to control your computer.

The IRS has also increased its efforts to reduce cybercrime by training tax preparers on the latest reported phishing techniques. The IRS stakeholder liaisons are currently offering free training sessions on the spearphishing emails that tax preparers are receiving. It’s a great idea to contact your regional IRS liaison to set up a session for your firm. (See the resources at the end of this article for contact information.)

In the virtual world we live in — with remote employees, cloud-based data storage and the unprecedented increase of cyberattacks — it is essential and required by law for tax professionals to implement

measures to keep client data secure. Cyberattacks can be damaging to a business economically and can also ruin a business’s reputation. It is critical to ensure you have a data security plan for your firm.

Victoria Thayer, CPA, MSA, is an associate manager at Berndt CPA in Madison. She has four years’ experience in tax accounting and two years’ experience in auditing. Contact her at vthayer@berndtcpa.com.

Resources AICPA Data Security Plan Template https://www.aicpa.org/resources/download/gramm-leach-bliley-act-informationsecurity-plan-template Stakeholder Liaison Contact Information https://www.irs.gov/businesses/small-businesses-self-employed/stakeholder-liaisonlocal-contacts

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Investment, Securities and Insurance Products: NOT FDIC INSURED

NOT BANK GUARANTEED

MAY LOSE VALUE

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT A DEPOSIT

Associated Bank is a marketing name AB-C uses for products and services offered by its affiliates. Investment management, fiduciary, administrative and planning services are provided by Associated Trust Company, N.A. (“ATC”). Investment management services are also provided to ATC by Kellogg Asset Management, LLC® (“KAM”). ATC is a wholly owned subsidiary and affiliate of Associated Bank, N.A. (“AB”). AB is a wholly-owned subsidiary of Associated Banc-Corp (“AB-C”). KAM is a wholly owned subsidiary and affiliate of ATC. AB-C and its affiliates do not provide tax, legal or accounting advice. Please consult with your tax, legal or accounting advisors regarding your individual situation. (5/22) P06513

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The Profession l First 10 years

Up the Ladder

A Narrative of

the First 10 Years

as an Accountant

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By Rachel Anevski, MAOB, PHR, SHRM-CP

M

any people choose to go into accounting because they’re “good with numbers” or have a passion for finding answers.

It’s rare for someone to choose accounting because they envision a life of teaching. And it’s rarer yet for someone to choose accounting because they’re a great networker with a knack for sales. Yet both teaching and selling are integral job responsibilities of many successful senior-level accountants.

Teaching and selling are often omitted from accounting classroom conversations. Professors are generally known to advise students to start in public accounting, as it’s known to be the fastest path to earning a CPA credential. But it could be said that a faster path upward, at least in public accounting, could be to have a side hustle as a bartender. Learning how to handle multiple personalities, have conversations with different types of people and complete multiple tasks simultaneously — all while keeping customers happy — can prepare a new accountant for a faster accounting career trajectory. Instead, new professionals are often challenged with acquiring these critical skill sets later in their careers.

Entry level In some ways, it’s true that starting out in public accounting gives one the broadest outlook on the expansive world of accounting opportunities, whether it be in a sole practitioner’s office, a small, midsize or large size firm, or a boutique firm that specializes in specific areas of accounting. Still, the most important aspect of a new accountant’s first few years is to learn. At this stage, performance is predicated on how well one can retain knowledge, absorb concepts and apply those concepts repetitively to projects. The less assistance one needs, the more likely they are to move ahead. Entry-level professionals can accelerate this timeframe by doing the following: • Listen with intent.

• Write down notes to refer to.

• Repeat what they’ve heard back to the delegator for clarity.

• Practice, practice, practice.

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The most important aspect of a new accountant’s first few years is to learn.

Moving up: senior-level accountants Whether a professional remains in public accounting or makes a switch to business and industry, in years three to seven, one’s role is to teach. These professionals are expected to be knowledgeable in basic accounting principles. They likely work with little supervision on core tasks, and entry-level accountants look to them to learn from. However, making the transition from learning to teaching doesn’t always come naturally. The pressure to take on more sophisticated work in private or more clients in public, coupled with training others and meeting deadlines, often makes or breaks the wavering accountant. Also, mathematically speaking, a seniorlevel accountant could be in a transitional life stage simultaneously (i.e., purchasing a first house, getting married, having children). This adds even more pressure

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to the role. Some accountants use this as an excuse to exit public accounting due to required overtime; however, the perception that work-life balance is better elsewhere may not always prove true. Nonetheless, accountants with three to seven years of experience are highly sought after and undoubtedly will land in a role where they are required to teach no matter the lateral they choose. A key to getting ahead during this time is having the ability to teach others what they have mastered and having capacity to take on additional work. The most successful accountants at this career stage are the ones with expert-level time management skills and patience while multitasking.

The big transition: management Management is a great place to be, especially for those who have the personality to hang with it. Roles in management in either public or private accounting require one to be a savvy salesperson, which can come as a surprise to some in the profession. Strength at this level requires you to be knowledgeable in what is happening in the business one supports or in the industries in which their clients own businesses.

In public accounting, firms no longer sell tax returns, audits or bookkeeping services; instead they sell the relationship of the person completing the work. In business and corporate settings, accountants sell their service to the other departments of the organization, justifying need-to-know information and making important decisions. In either scenario, accountants are selling themselves.

Along an accountant’s journey up the ladder, they may have been a great learner and even a wonderful teacher; but then they realize that selling isn’t in their repertoire. This happens a lot, and it’s okay. Those who find themselves stuck at any of these transitional areas should take their time, leverage a mentor or a more senior accountant and ask for support in order to gain the confidence they need to move forward.

The way in which one grasps and incorporates learning, teaching and selling in the first 10 or so years of their careers will likely define the accounting role they’ll find themselves settling into for the next 30 or more years of their career. Those who are great teachers and salespeople may aspire to be a partner in a firm while those who are averse to selling may choose a

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Those who find that there is an area in which they are lagging behind their peers should speak up, ask for help or take on the challenge themselves. specialty tax career in private. It’s important to note that not all people process new skills at the same rate, and therefore, the path traveled varies. Some accountants mature their careers at 10 years while others take 15.

There isn’t a deadline on learning the concepts, just an acknowledgement that they are necessary. Those who find that there is an area in which they are lagging behind their peers should speak up, ask for help or take on the challenge themselves.

Rachel Anevski, MAOB, PHR, SHRM-CP, is CEO and founder of Matters of Management LLC. Contact her at rachel@mattersofmanagement.com.

Reprinted with permission from the New Jersey Society of CPAs (www.njcpa.org).

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Here for Your Nonprofit and Tax Exemption Needs.

Our Nonprofit and Tax Exemption Section works with many nonprofit organizations including hospitals, educational organizations, social service agencies, public and private foundations, civic and social clubs and associations. We also work with for-profit organizations that have non-profit missions to benefit the public good, including Benefit Corporations and certified B-Corps.

To learn more about our Section and all of the services we provide, please contact Tom Moniz at thomas.moniz@vonbriesen.com.

Nonprofit and Tax Exemption Corporate Services:

Tax Nonprofit Services:

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Articles of Incorporation and Bylaws

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Federal tax exemption applications

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Nonprofit records and governance documents

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Federal tax IDs

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Grant, gift and pledge agreements

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Federal tax returns (IRS Form 990)

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Compliance for international grant making

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State charitable registrations

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Employee handbooks and other policies and procedures

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Sales and use tax exemption

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Business income tax and excise tax issues

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Governance and compliance services

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IRS and Wisconsin audits

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Planning and implementation of multicorporate structures

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Property tax exemption requests and appeals

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Joint ventures, conversions, and mergers and acquisitions

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Public disclosure

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Milwaukee • Madison • Neenah • Waukesha Green Bay • Chicago • Eau Claire The Bottom Line | 2 0 2 2 E d i t i o n

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Taxation l Non-fungible tokens

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Taxing Tokens: The CPA’s Guide to NFTs A new digital asset is making waves. Here’s what CPAs need to know — and teach their clients — as regulation catches up to NFTs.

By Jeff Stimpson

with input from Jim Brandenburg, CPA, MST, tax partner with Sikich LLP

T

hree new letters have burst onto the scene: NFTs, or non-fungible tokens. And as confusing as that is as a concept, it’s even more confusing when taxes come into play.

Because of this surge in popularity and consequent rise in regulatory attention, CPAs should wrap their heads around both NFTs as a concept and the way they should be taxed.

NFTs are digital assets, essentially unique, with a growing multi-billion-dollar market. At least for the moment, the NFT market still revolves around such collectibles as digital artwork, sports cards, novelty sneakers, celebrity self-portraits and tweets.

NFTs use the same technology and have many of the same tax challenges as cryptocurrency and, like cryptocurrency, are virtual assets that the IRS and state tax authorities are only beginning to build compliance standards around.

NFTs vs. cryptocurrency

According to a 2021 Security.org survey, over 4 million people in the United States have bought or sold NFTs, and 20% of survey respondents were familiar with NFTs — not bad for a somewhat esoteric and relatively new asset class.

“NFTs are growing in popularity and are here to stay, but most practitioners aren’t familiar with the technology or the tax rules,” says Andrew Gordon, a CPA and attorney with the Northfield, Illinois-based Gordon Law Group Ltd. and a founding director of The Blockchain Institute. (He’s also participated in creating an NFT Tax Guide as an NFT.)

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What’s most confusing right now about taxing NFTs? “Classification,” says Mark Eckerle, CPA, senior manager of technology and emerging growth and team leader of digital currency and blockchain technology with Withum.

“The classification can go many different ways, and I’m sure there are gray areas where users can receive some tax advantages since the IRS hasn’t explicitly released guidance yet on NFTs. Accountants are using the current accounting guidance by analogy.”

A recent search for “non-fungible tokens” on the IRS and the Illinois Department of Revenue websites, for instance, returned no results. A broader search on the taxability of NFTs turns up conflicting information and interpretations, though consensus is that NFTs, which are digital, will be taxed as a physical asset.

Despite the lack of formal guidance on NFTs, the IRS has told news outlets that both NFTs and cryptocurrencies have the potential for “mountains of fraud.”

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NFTs, like cryptocurrencies, use blockchain technology and are generally encoded with the same underlying software. But NFTs differ from cryptocurrencies in that the former contains specific and unique information. “An NFT cannot be exchanged for another NFT, unlike how cryptocurrencies are exchanged,” says Jim Brandenburg, CPA, tax partner at Sikich [in Brookfield]. “The lack of IRS guidance is somewhat similar to the uncertainty that existed when cryptocurrency was first rolled out.”

“If you exchange one cryptocurrency for another, it’s taxable. If you exchange or sell one NFT for another, it’s also taxable,” Gordon says, adding that some NFTs also entitle the holder to rewards or airdrops. “These are typically taxable as income at the fair-market value at the time received,” he notes. “This means the taxpayer may owe tax on an unsolicited airdrop even if they don’t sell for cash.”

“Buying NFTs with cryptocurrency is also a taxable event since you have a new basis in a new asset. You’ll pay tax on any realized capital gains on your cryptocurrency sale. You can also leverage any losses incurred from transactions to offset gains,” Eckerle explains.

Clients are often shocked to learn of the tax implications of buying and selling NFTs. “For instance, NFTs are almost always purchased with cryptocurrency,” Gordon says. “When you convert the cryptocurrency to an NFT, it’s treated as if you sold the original cryptocurrency, generating a taxable gain or loss. Additionally, when you later sell the NFT, you have another capital gain or loss to account for.”

Untangling tax treatment While NFTs are currently being framed as collectibles, it’s unclear whether the tax law on collectibles will apply to NFTs for a couple of reasons.

“First, are NFTs actually similar to art or collectibles?

For some NFTs, the answer is certainly yes, especially unique art NFTs,” Gordon says. “Second, the tax law on collectibles refers to ‘other tangible property,’ but NFTs aren’t tangible. Therefore, a strict reading of the tax law would make it seem that a collectible must be tangible. However, a looser reading while considering Congress’ intent would likely be that NFTs can be collectibles. I expect that we’ll get clarity soon from the IRS or Congress on whether NFTs are collectibles.”

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Gordon notes that NFTs currently follow the general tax rules on property, so sales or exchanges of NFTs would be subject to short-term or long-term capital gains tax, depending on the holding period.

If they’re deemed collectibles, NFTs would carry a 28% top federal tax rate on long-term capital gains, according to tax experts. That’s opposed to the 20% top federal rate that applies to long-term capital gains on stocks, bonds,and cryptocurrencies such as bitcoin. Under “rare circumstances,” Eckerle says, NFTs can be classified as “inventory” subject to income tax rates.

Additionally, NFT transactions come in what Brandenburg calls “many formats.” Some offer full transfer of all rights of the underlying digital assets linked to the NFT, while others offer limited transfer of rights. “There are separate platforms, each with unique features and provisions, and varied processes for NFTs that are ‘minted,’ a process where the NFT is connected to a digital asset, which is often warehoused separately,” Brandenburg explains.

“Each of these steps and processes, each on different platforms, creates questions on the appropriate federal tax treatments,” he says.

“Might the NFT transaction be treated like a leasing arrangement, a royalty, or might it qualify as a sale or exchange? If it’s a sale or exchange, does it qualify for favorable capital gain treatment? If it’s a

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“

Hopefully, states will work together to have a consistent set of rules from one to another, but it may take a while to sort out all these issues.

– Jim Brandenburg, CPA, MST capital gain, could some of the NFT transactions be treated as collectibles and subject to the higher capital gains rate? How should the NFTs that are minted be handled for tax purposes? What other federal tax rules might be applied for NFTs that are now in place for computers, software and digital assets?”

Complex international and foreign tax issues can also apply, and state tax consequences of NFTs will need to be dealt with, especially as the IRS unveils new guidance.

“For instance, where should NFT transactions be sourced for state tax purposes? This can be a complex matter and, again, could vary depending on the specific terms in an NFT contract, its platform and other factors,” Brandenburg says. “Hopefully, states will work together to have a consistent set of rules

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from one to another, but it may take a while to sort out all these issues.”

Educating clients Count on it: Clients are going to start arriving with questions. Brandenburg says CPAs and other tax practitioners should understand and educate clients on: • NFTs’ functions, basic features and underlying terms • Major players in the NFT space • Existing NFT platforms and how they differ, as well as alternative ways to create NFTs • How one can invest in NFTs • How one can distinguish themselves in the NFT marketplace

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Brandenburg expects more continuing professional education opportunities on the topic of NFTs will start to crop up. Congress recently expanded the reporting requirements on cryptocurrencies in the Infrastructure Investment and Jobs Act, and the IRS is expected to provide additional guidance on implementing this new law later this year, which could include some insights on taxing NFTs. “Even once IRS guidance is issued, impacted parties and tax practitioners may have different views on the guidance and suggest changes,” Brandenburg cautions.

“They may also look at new features in NFTs to develop better tax treatments.”

Above all, don’t expect this new technology to just vanish into the ether: “The metaverse and NFTs are growing in popularity and are here to stay,” Gordon says.

“CPAs that stay ahead of the curve will be able to deliver high-value advice and stake a claim to a nascent market.”

Jeff Stimpson is a New York-based writer covering tax concerns for more than 20 years for various industry publications, including Accounting Today and Financial Advisor.

This article was first published in Insight, the magazine of the Illinois CPA Society (www.icpas.org), and is reprinted with their permission.

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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 2 E d i t i o n Find or post a job today at wicpa.org/CareerCenter.

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Not-for-Profit Accounting l Crypto assets

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Nonprofit Accounting Considerations for Crypto-Assets

By Jaime Rapps, CPA

A

s cryptocurrencies become more popular and easier to access, many nonprofits are facing the decision to accept virtual currency or miss out on substantial donations. Other organizations are weighing the benefits of purchasing cryptocurrency as an investment strategy against the risks associated with its market volatility.

A nonprofit’s CPA can help guide them through the considerations that need to be evaluated when deciding to move forward with the purchase or receipt of cryptoassets, especially when it comes to understanding how these transactions will impact the financial statement.

With no formal accounting standard on crypto-assets, the accounting considerations are often just as new and unique to the accounting profession as they are to the nonprofit recipient.

A crypto-asset is a digital asset that uses cryptography to record, secure and verify transactions on a digital ledger called a blockchain, as well as to control the creation of new units of currency. In today’s market, there are several forms of crypto-assets, with Bitcoin and Ethereum being the most widely recognized. Other forms of crypto-assets are becoming popular, such as non-fungible tokens (NFTs) to buy and sell artwork and provide proof of ownership.

Financial Statement Implications Because crypto-assets lack physical substance and are not financial assets, they are treated as intangible assets on the financial statement and are recorded at acquisition cost. They are accounted for as indefinite-

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lived intangible assets and are subject to impairment testing on an annual basis or more frequently if changes in circumstances indicate it is more likely than not that the asset is impaired.

If impairment exists and it is concluded that the carrying amount of the crypto-asset exceeds its fair value, the nonprofit should recognize an impairment loss for the amount equal to that excess. Once the impairment loss is recognized, the adjusted carrying value then becomes the new basis of accounting of the crypto-asset.

Once impaired, the organization cannot recover the impaired value until the asset is sold and gain is realized as the difference between the sale price and the impaired value.

“

As cryptocurrencies become more popular and easier to access, many nonprofits are facing the decision to accept virtual currency or miss out on substantial donations.

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“

Challenges While “intangible assets” is, by definition, the category best suited to crypto-assets, the treatment has its share of challenges: Volatility and impairment. While better-known crypto-assets have increased in value over the past years, there have been major price swings. This leads to questions such as: When is the crypto-asset impaired (during the volatility or only at the end of the reporting period)? And is there any subsequent-event consideration as the financial statements are getting ready to be issued?

Auditing considerations. Most crypto-assets are used as mediums of exchange in actively traded markets; however, there is no market close. At what point in time on any given day would the crypto-asset be valued?

In addition, since these assets exist in a digital wallet, which can be kept on a digital exchange (“hot wallet”) or offline (“cold wallet”), are auditors properly trained to audit these assets, as well as the blockchain?

These challenges may lead the CPA to consider a Generally Accepted Accounting Principles (GAAP) departure. However, in that instance, a modified opinion would be rendered, and the financial statement preparer would need to evaluate management’s rationale.

If the preparer agrees with management’s assertion that following GAAP would make the financial statement appear misleading, then one would be able to justify a qualified opinion as it would not be considered to be 22 The Bottom Line | 2 0 2 2 E d i t i o n

Cryptocurrency donations will become increasingly more common. pervasive. If the preparer believes that management is making the argument to make their results look better, and the situation is pervasive enough to call management’s integrity into question, an adverse opinion may be warranted. For a more in-depth description of the different types of opinions, see AU-C Section 705.

Be Proactive As crypto-assets are more readily accepted by vendors, and major governments complete the process of creating a digital currency, cryptocurrency donations will become increasingly more common. Nonprofit organizations will need their CPAs and other advisors to help them proactively evaluate the procedures and strategies that are needed to position their organizations on the receiving end of this profitable trend.

Jaime Rapps, CPA, is an audit senior manager at Grassi Advisors & Accountants. Contact him at jrapps@grassicpas.com.

First published in New Jersey CPA magazine and used with permission from the New Jersey Society of CPAs (njcpa.org).

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2022 WICPA

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

23

Sales & Use Tax l Exempt entities

Exempt Entities: Who Are They, and What’s New?

B

eing an exempt entity or contracting with an exempt entity does not exempt an organization from sales and use tax compliance concerns.

The Wisconsin Department of Revenue (DOR) recently issued new 15-digit Certificate of Exempt

By Holly Status (CES) numbers to qualifying Hoffman, MSA organizations for use in making purchases exempt from Wisconsin sales and use tax. These new 15-digit CES numbers are required to be implemented by retailers and purchasers starting July 1, 2022. This is a perfect time to review who is a qualifying “exempt entity.”

While an organization may self-identify as an exempt entity, Wisconsin Statutes specifically list which organizations qualify as exempt entities for the purpose of sales and use tax. Qualifying exempt organizations are identified in section 77.54(9a) of the Wisconsin State Statutes, which includes the following: • Wisconsin state government units, agents or authorities; the University of Wisconsin Hospitals and Clinics Authority; the Wisconsin Aerospace Authority; the Wisconsin Economic Development Corporation; and the Fox River Navigational System Authority • Any Wisconsin county, city, village, town or school district • A county or city hospital

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“

While an organization may self-identify as an exempt entity, Wisconsin Statutes specifically list which organizations qualify as exempt entities for the purpose of sales and use tax.

• A sewerage commission or a metropolitan sewerage district • Any federally recognized American Indian tribe or band in Wisconsin • Any joint local water authority • Any corporation, community chest, fund or foundation that is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code (IRC)

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• A real estate holding company organized under section 501(c)(2) of the IRC for the exclusive purpose of holding title to property, collecting income from that property and turning over the entire amount of that income, less expenses, to a 501(c)(3) entity • A local exposition district • A local cultural arts district • A cemetery company or corporation described under section 501(c)(13) of the IRC • Churches and religious organizations meeting the requirements under section 501(c)(3) of the IRC, even if they do not have an Internal Revenue Service (IRS) determination letter

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Not all nonprofit organizations (such as chambers of commerce, fraternities and sororities) are qualifying exempt entities. Businesses that qualify for certain use tax exemptions (such as resale, manufacturing and farming) are not “exempt entities” for sales and use tax purposes. Incorrect assumptions about exempt status can cause retailers and purchasers to exempt all transactions in error. To avoid errors, obtain the proper documentation to prove exempt status.

Wisconsin qualifying exempt entities must apply for a Certificate of Exempt Status to make purchases exempt from Wisconsin sales and use tax. CES numbers can be obtained by submitting the Application for Wisconsin Sales and Use Tax Certificate of Exempt Status (Form S-103). Qualifying out-of-state

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exempt entities are not required to obtain a Wisconsin CES number to make purchases exempt from tax. Out-ofstate qualifying entities must provide vendors with a fully completed exemption certificate (Form S-211E or S-211) indicating they meet the requirements of section 501(c) (3) of the IRC. As of July 1, 2022, retailers and purchasers are required to use the 15-digit CES number for purchases and sales when claiming the CES exemption or accepting CES documentation from the purchaser. Transactions that occurred prior to July 1, 2022, do not need to be updated to the 15-digit CES numbers. A retailer with continuous exemption certificates on file claiming CES for sales transactions occurring July 1, 2022, and after will also need to obtain one of the following:

For more information about exempt entities, see Wisconsin DOR Common Questions for “Nonprofit Organizations and Government Units – Certificate of Exempt Status.”

• The qualifying organization’s 15-digit CES number (and record it on the invoice or bill of sale) OR

Holly Hoffman, MSA, is the owner of Sales Tax Advisory Network, providing sales and use tax audits, assessments, training and seminars to Wisconsin businesses. Contact her at 715-498-4164 or holly@salestaxlady.com.

• A fully completed exemption certificate (Form S-211E or S-211) including the 15-digit CES number from the qualifying organization

Where can an AICPA C redential take your career next?

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Explore your opportunities at aicpa.org/aicpacredentials.

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

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Wednesday, Nov. 16 Brookfield Conference Center, Brookfield

Tuesday, Sept. 20 Brookfield Conference Center, Brookfield

Accounting Technology Conference Thursday, Dec. 8 Brookfield Conference Center, Brookfield

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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Human Resources l Retirement plans

The Safe Harbor 401(k) Plan

M

By James Kieckhaefer, CPA, AIF

ore than 50 years ago, the U.S. Congress passed the Revenue Act of 1978. Tucked into this legislation was a provision that was added to the Internal Revenue Code: namely, Section 401(k). While its original intent was to limit the use of executive cash-deferred plans, Section 401(k) ultimately was used in the 1980s to create an entirely new type of retirement savings vehicle. Over time, traditional employer-funded pension plans have largely been replaced with 401(k) retirement plans, which are primarily funded by employees.

Today, about 60 million Americans contribute to a 401(k) plan, with a total investment value of approximately $4.8 trillion.

Nondiscrimination testing

A potentially significant limitation of the traditional 401(k) plan is nondiscrimination testing.

Essentially, the government doesn’t want owners and other highly paid employees to benefit disproportionately from the plan relative to other employees. Therefore, employees are broken into the following categories:

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1. Highly compensated employees (HCEs) — This includes anyone who is at least a 5% owner or who made more than $130,000* in the prior plan year (e.g., 2021).

2. Non-highly compensated employees (NHCEs) — By default, all employees who are not HCEs are considered to be NHCEs. Once this is done, the average deferral percentage (ADP) is calculated for both the HCEs and NHCEs. In general, the ADP of the HCEs cannot exceed the ADP of the NHCEs by more than 2 percentage points. For example, if the ADP of the NHCEs is 4%, the ADP of the HCEs can be no more than 6%. As a result, HCEs are oftentimes not able to maximize their salary deferral contributions and may be limited to a much lesser salary deferral amount. Finally, if the ADP of the HCEs exceeds the ADP of the NHCEs by more than 2 percentage points, refunds will be required of one or more HCEs based on a prescribed process.

Safe Harbor 401(k)

The Pension Simplification Act became law in the fall of 1996. However, one of the most eagerly-awaited changes — the creation of the Safe Harbor 401(k) plan — was not made available to plan sponsors until Jan. 1, 1999. Under the Safe Harbor 401(k) plan, nondiscrimination testing is waived — thereby allowing HCEs to contribute up to the statutory salary deferral limits, just like NHCEs — if the employer chooses one of the following options: 1. Safe harbor basic matching contribution — Under this option, the employer contributes only to participants who make salary deferral contributions into the plan. Specifically, the employer matches 100% of the employee’s salary deferral contribution up to the first 3% of compensation and 50% of the employee’s contributions between 3% and 5% of compensation. In other words, if an employee defers 5% or more of their salary into the plan, they would receive the maximum company matching contribution of 4% of their salary.

In lieu of the safe harbor basic match, the company could choose an enhanced match.

However, the enhanced match must be at least as generous as the basic match at any level of an

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“

A potentially significant limitation of the traditional 401(k) plan is nondiscrimination testing. employee’s deferral percentage. The following chart shows that an enhanced matching formula of 100% up to 4% of compensation would meet this criteria, and therefore be an acceptable alternative: Salary Deferral %

Basic Match

Enhanced Match

0.0%

0.0%

0.0%

1.0%

1.0%

1.0%

2.0%

2.0%

2.0%

3.0%

3.0%

3.0%

4.0%

3.5%

4.0%

5.0%

4.0%

4.0%

>5%

4.0%

4.0%

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2. Safe harbor nonelective contribution — Under this option, the company would contribute 3% of compensation to all eligible employees, including those who do not make salary deferral contributions into the plan. Because employees will receive this contribution regardless, it may not provide the same incentive to contribute to the plan as the safe harbor basic (or enhanced) matching contribution.

However, the 3% nonelective contribution may also serve an additional purpose beyond an automatic pass for ADP testing, including the following: a. Top-heavy plans — If more than 60% of the plan assets are attributed to the key employees, the 3% nonelective contribution can satisfy the required top-heavy contribution.

(For 2022, key employees are defined as those with a 5% or more share and officers making $200,000* or more annually.) b. Cross-tested profit-sharing plans — Depending on the amount of the minimum required employer contribution, the 3% nonelective contribution can satisfy the required employer contribution of 3% or count toward the a higher required employer contribution of 5%.

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It is important to be aware that whether the employer safe harbor contribution is matching or nonelective, it is always 100% vested. However, any discretionary employer contributions above and beyond the required safe harbor contribution may be subject to a vesting schedule.

Factors for consideration

A Safe Harbor 401(k) does not work for all businesses. Employers should consider the following factors to assess the costs and benefits of the plan: Cost of employer contribution — Under a traditional 401(k), the employer may decide whether to make a matching contribution and often has the flexibility to determine the matching formula. In contrast, the required contribution under a Safe Harbor 401(k) is defined and may be more costly than that currently made by the employer.

Effect of immediate vesting — Under a traditional 401(k) plan, the employer may use vesting schedules for employer contributions. For example, the six-year graded vesting schedule is a popular option: Years of Vesting Service

Vesting %

Less than two years

0%

Two years

20%

Three years

40%

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Four years

60%

Five years

80%

Six or more years

100%

As a result, when employees terminate, any nonvested employer monies (aka forfeitures) are returned to the employer. These can be used to offset future employer contributions or be added to the plan balances pro rata.

HCE compensation — The pay level of HCEs may have a direct impact on the benefits of adopting a Safe Harbor 401(k). For example, HCEs making $305,000 or more (the current compensation cap in 2022*) would have to contribute only 6.7% of compensation to reach the $20,500* maximum salary deferral limit for 2022. In other words, despite having their contribution percentage limited by nondiscrimination testing, highly paid HCEs may still be able to defer the maximum amount or close to it. In such cases, the benefit of waiving the nondiscrimination test in a Safe Harbor 401(k) would be minimal.

17

Important deadlines

If a company has no existing retirement plan in place, a Safe Harbor 401(k) must be established no later than Oct. 1 for the current calendar year. In addition, some changes were made under the SECURE Act, which was adopted on Dec. 20, 2019. Specifically, a company with a traditional 401(k) plan may switch to a Safe Harbor 401(k) plan as long as a 3% nonelective contribution is made prior to the 30th day before the end of the plan year. In addition, a 4% nonelective contribution (instead of 3%) can be made at any time prior to the last day of the plan year. * Any dollar limits cited are generally increased for inflation in certain increments and are therefore subject to change.

James Kieckhaefer, CPA, AIF, is a financial adviser and managing partner of Kieckhaefer Wealth Management Group/RBC Wealth Management in Brookfield. Contact him at 262-395-1125 or James.Kieckhaefer@rbc.com.

RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in consultation with your independent tax or legal advisor. © 2022 RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/ FINRA/SIPC. All rights reserved. 21-BF

WAYS TO BE A BETTER LEADER WITH EQ

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Be authentic.

Practice mindfulness.

Promote belonging.

Inspire others’ growth.

Use common sense.

Listen with empathy.

Pour inward to serve outward.

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CPA Licensure l New model

Upcoming Changes to the CPA Licensure Model

By Daniel J. Dustin, CPA

T

“

he CPA Evolution Initiative began more than four years ago as an effort to update the current CPA licensure model to address significant disruptors in the profession. Data provided by the World Economic Forum highlighted a changing business environment caused by increasing technological advances. These advances, coupled with new client and business demands, have changed the way CPAs are providing professional services to their clients. To address this rapidly changing practice environment, the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) embarked on a multi-year project to update the licensure model used by the 55 U.S. boards of accountancy. Information about the initiative, including a video on the history of the project and frequently asked questions, may be found at EvolutionofCPA.org.

The CPA Evolution Initiative began more than four years ago as an effort to update the current CPA licensure model to address significant disruptors in the profession.

Initial project steps included assessing each jurisdiction’s laws and rules to better understand what impact the project might have on the jurisdictions as well as developing a new model that would assess the entry-level skills and competencies needed by newly licensed CPAs. After receiving

feedback from a broad range of more than 4,000 stakeholders, including state board members, members of the AICPA and state CPA societies, CPAs in public practice, government, and business and industry, as

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well as the academic community and students, the CPA Evolution Model was approved by the AICPA’s governing council and NASBA’s board of directors in 2020. We are now more than a year into the implementation phase of the project, which is scheduled for completion in 2024.

Last fall, the AICPA and NASBA created four task forces of subject matter experts from the academic community and CPAs, including members from boards of accountancy, to develop the CPA Evolution Model Curriculum which was released in June 2020 at a virtual launch event attended by more than 2,500 educators and other interested stakeholders. The CPA Evolution Model Curriculum is not required for adoption; however, it is a great

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“

NASBA and the AICPA recently announced an exam transition policy that will provide candidates with a roadmap from the current exam process to the new exam.

tool to guide the academic community as they consider revising their accounting programs to align with the evolution of professional practice.

As part of the implementation process, changes will also be made to the Uniform CPA Examination.

All candidates will be expected to pass three core sections of the examination with content in the areas of accounting, audit and tax. Candidates will also have to demonstrate a deeper level of skills and knowledge by passing one of three disciplines: Business Analysis & Reporting, Tax Compliance & Planning, or Information Systems & Controls.

Technology will be woven throughout the exam.

The exam will continue to focus on candidates with one to two years of experience. Candidates will continue to be required to pass a four-section exam that will not exceed 16 hours, and candidates will also have 18 months to pass the remaining three sections of the exam once they have initially passed their first section. Similar to the current exam, there is no experience requirement to sit for the core or discipline sections.

cannot take additional disciplines. All sections of the exam will contain discrete content and test a range of skills, including higher-order skills such as professional skepticism and critical thinking.

Another important aspect of the move to the new exam model in January 2024 is the transitional credit that candidates in the examination pipeline will receive for the sections they have successfully passed prior to the launch. NASBA and the AICPA recently announced an exam transition policy that will provide candidates with a roadmap from the current exam process to the new exam. The following chart provides an overview of how conditional credit will be applied to the new exam.

So how will the CPA Exam change?

First and foremost, its structure will consist of three core sections plus a discipline section. As a licensure exam and a test of minimum competency for licensure as a CPA, once a candidate passes and receives conditional credit for a discipline, they

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Credit earned on the current exam will be granted for a section of the new exam. If the Business Environment & Concepts (BEC) section of the current exam has not been passed by the date of transition to the new exam, the candidate must pass a discipline section of their choosing as their fourth part. If the BEC section has been passed by the date of transition to the new exam, its credit shall be applicable for licensure until credit for that BEC section expires. If the BEC credit expires before the candidate passes all four sections, the candidate must then pass a discipline of their choosing.

Behind the scenes, NASBA will be working with boards of accountancy to upgrade their database systems to accommodate these changes prior to the launch of the new exam.

These are exciting times for those entering the profession. Firms surveyed indicate that revising the education model to include more technology content, combined with a new exam model that will test deeper skills and knowledge, will create an environment where the firms place greater value on accounting program graduates, resulting in increased hiring from college and university accounting programs.

Daniel J. Dustin, CPA, is vice president – state board relations for the National Association of State Boards of Accountancy (NASBA), where he serves as an advocate for the state boards of accountancy. He holds Bachelor of Science and Master of Science degrees in accounting from Clarkson University and was licensed as a CPA in 1988.

Reprinted from The Journal Entry, a publication of the Utah Association of CPAs (www.uacpa.org) and used with permission from the UACPA and the author.

From financial consulting to digital strategy, we help clients see and solve with unconventional clarity. Visit wipfli.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

FINANCIAL INSTITUTIONS CONFERENCE PLANNING COMMITTEE

Chair: Gary Schmid, VP– Finance, Wisconsin Lutheran College

Chair: Daniel Carroll, Senior Manager, Wipfli LLP;

The Accounting & Auditing Conference Planning Committee 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. Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

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. Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

BUSINESS & INDUSTRY CONFERENCE PLANNING COMMITTEE — FALL Chair: Carver Smith, Partner, Truity Partners 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 and IT, as well as new and improved ways to manage a changing workplace.

Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

NOT-FOR-PROFIT CONFERENCE PLANNING COMMITTEE Chair: Jessica Horning, Financial Reporting Manager, Medical College of Wisconsin 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 taxexempt issues, fundraising and risk management. Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

BUSINESS & INDUSTRY CONFERENCE PLANNING COMMITTEE — SPRING Chair: Christopher Cholka, Accounting Manager, Cousins Subs 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. Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

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SCHOOL DISTRICT AUDIT CONFERENCE PLANNING COMMITTEE Chair: Wendi Unger, Partner, Baker Tilly The School District Audit Conference, in collaboration with the 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.

Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

TAX CONFERENCE PLANNING COMMITTEE Chair: Douglas Patch, Shareholder & Tax Team Leader, Godfrey & Kahn S.C. 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 with all levels of experience, including CPAs in industry and public practice, as well as practicing attorneys, corporate counsel and business and financial managers.

Those who attend the planning meeting, find a presenter or introduce a speaker at the conference receive complimentary conference registration.

We can help you protect it with a Home and Highway® policy from West Bend.

One policy, one bill, one deductible, one agency ... and a discount for members of the WICPA. To find out what else the Home and Highway has to offer, 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.

Everything you care about is in this house.

Things your family just can’t afford to lose.

wicpa.org

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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:

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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.

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__________________________________________ __

TOTAL AMOUNT $ ______________

wicpa.org/CPEcatalog

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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, providing viewers with the highest quality instruction and 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, ACPEN also has a large library of nontechnical topics. These include courses that are geared toward members in industry as well as HRrelated content that would be valuable for 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

AICPA

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.

Real time, anytime and on your time.

The ACPEN Industry Institute™ (Aii) 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.

The ACPEN Tax Institute (Ati) The ACPEN Tax Institute offers the latest, most up-to-date continuing education for CPAs and other finance and tax professionals. 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.

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.

Online 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.

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.

wicpa.org/CPEcatalog

CalCPA

K2 Enterprises

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.

K2 Enterprises is proud to offer a broad curriculum of technologyfocused CPE webinars to the Wisconsin Institute of CPAs 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.

All CalCPA instructors are experts in their fields. Most are also practitioners currently working in the industry, 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.

CPA Crossings CPA Crossings, LLC provides an extensive catalog of live, web-based CPE programs produced and delivered by over 60 nationally recognized speakers. The CPA Crossings catalog consists of more than 3,500 webinar events per year, covering more than 380 topics in the areas of technology, practice management, workflow automation, accounting & auditing, tax, ethics and fraud. The courses range from 1 to 8 hours in length, with flexible scheduling that includes evening and Saturdays so you can easily fit continuing education into your work week.

As a NASBA-approved sponsor of webinar learning, you are assured of a high-quality event that is both convenient and affordable. Meet your learning objectives and improve your efficiency and productivity by participating in a K2 webinar!

Surgent Professional Education The trusted leader in accounting and finance education Surgent has been one of the nation’s leading providers of continuing education for CPAs for over 35 years.

Surgent delivers over 1,500 webinars and offers 200+ unique self-study 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

Surgent self-study CPE enables you to earn CPE credits at your own pace and at a time that 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.

Consider the following: Surgent’s Unlimited Plus Package (SP-0001) Surgent’s Unlimited Plus Package is the best value on the market today!

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

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CalCPA’s courses cover everything from accounting, auditing, tax, management, ethics, litigation, retirement, trusts and estates. CalCPA is continually changing and adding new programs, and with more than 1,200 webcasts to choose from, there’s a course for every interest area and educational need.

When you take a K2 Enterprises webinar, you will 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.

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.

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

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 at a time 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, including the following: 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 On-Demand CPE on YOUR schedule – anytime, anywhere Miss one of our livestreamed conferences, seminars or breakfast meetings? 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.

• Get formal CPE credits automatically added 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 opportunities to connect with fellow accounting and business professionals while hearing from local and national experts.

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In-person and livestream attendance are available for conferences. Attendance via livestream qualifies for formal CPE credits. There will be checkpoints during the presentations when you will need to verify your presence. Our livestream also has the opportunity to have Q&A by typing in your question, which will then 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 Sept. 13, 2022 Brookfield Conference Center, Brookfield Oct. 26, 2022 Glacier Canyon Lodge, Wisconsin Dells The Business & Industry Fall Conference provides CPAs, CFOs, CEOs and controllers in industry, public accounting, government, education and nonprofit organizations updates on current issues and implications affecting various areas of business operations, HR, IT, ethics and improved ways to manage a changing workplace.

Not-for-Profit Accounting Sept. 20, 2022 Brookfield Conference Center, Brookfield 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, health care, social service agencies, and hospital and nursing home administrations.

Tax Nov. 3-4, 2022 Brookfield Conference Center, Brookfield 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. The conference features 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.

Accounting & Auditing Nov. 16, 2022 Brookfield Conference Center, Brookfield 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, government managing, improving data and document workflow, and accounting and financial reporting.

Accounting Technology Dec. 8, 2022 Brookfield Conference Center, Brookfield The Accounting Technology Conference focuses on in-depth coverage and opportunities to learn about current 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.

wicpa.org/CPEcatalog

Financial Institutions

School District Audit

March 21, 2023 Brookfield Conference Center, Brookfield

May 10, 2023 Brookfield Conference Center, Brookfield

May 25, 2023 Brookfield Conference Center, Brookfield

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

The Financial Institutions Conference covers a number of specialized topics, including regulatory, accounting, tax and legislative updates, compliance issues, and the latest economic conditions that financial institutions need to understand. Professionals who should attend this conference include CEOs, CFOs, controllers, managers and other financial staff serving all sizes and types of financial institutions.

The School District Audit Conference provides beginner and 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.

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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Business & Industry Spring

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 while conserving valuable time 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 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!

Jan. 11

High-Performance Leadership (BP0111LS)

Feb. 15

Defending Against Today’s Newest Cyber Threats (BP0215LS)

April 5

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

Sept. 7

Cryptocurrencies & Digital Assets: Macro Trends & Impact to Profession (BP0907LS)

Oct. 19

Excel Tips, Tricks & Shortcuts (BP1019LS)

Nov. 9

The New Normal of the Consumer Sector (BP1109LS)

Dec. 7

Federal Tax & Legislative Update (BP1207LS)

Economic & Market Outlook & Retirement Plan Investment Trends (BP1118LS)

Dec. 2

Wisconsin Department of Revenue Income, Sales & Excise Tax Update (BP1202LS)

Jan. 6

Individual Income Tax Update (BP0106LS)

Feb. 3

The Increasing Popularity of ESOPs in Wisconsin (BP0203LS)

March 22 Your Fiduciary Responsibilities Under ERISA (BP0322LS)

Options this year include a monthly Season Pass for Wednesday or Friday programs Season Pass (or sign up for the Complete Breakfast Programs Season Pass to receive MORE savings) and a three-part WEDC Series, which is free for members.

This Season Pass includes registration to all Livestream Wednesday Breakfast Programs listed below:

Nov. 18

May 17

The Benefits of Establishing a Business Foundation for Charitable Giving (BP0405LS) U.S. Taxation of Computer Programs, Digital Content & Cloud Transactions (BP0517LS)

Friday Breakfast Programs Season Pass (BPFSP) This Season Pass includes registration to all Livestream Friday Breakfast Programs listed below: Sept. 23

Strategy & Execution (BP0923LS)

Oct. 14

HR Hot Topics (BP1014LS)

March 10 Business Health & Making a Business Transferable (BP0310LS) April 14

Excel: Fast-Track Data Cleanup (BP0414LS)

May 12

Hot Tax Practice Procedure & Ethical Issues (BP0512LS)

Registration: $459 member | $709 nonmember Savings include ONE FREE program $409 retired, part-time, unemployed/ leave-of-absence Savings include TWO FREE programs CPE credit: 20 credits

wicpa.org/CPEcatalog

Complete Breakfast Programs Season Pass (BPCOMSP)

Sept. 23 | Open 7:30 a.m.

Program 8 – 10 a.m.

Oct. 19 | Open 7:30 a.m.

Program 8 – 10 a.m.

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.

Strategy & Execution (BP0923LS)

Excel Tips, Tricks & Shortcuts (BP1019LS)

John Minnich, CPA, CGMA, Founder

Jennifer Buchholz, MCT, Owner, Excel &

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

Program 8 – 10 a.m.

Cryptocurrencies & Digital Assets: Macro Trends and Impact to Profession (BP0907LS)

Successful executives make effective and timely decisions. Informed decision-making is critical for the dayto-day operations as well as long-term strategic direction and vision for any organization. This program will cover business strategy and execution as well as critical thinking and decisionmaking.

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

Rusty Planert, CPA, Senior Manager,

Oct. 14 | Open 7:30 a.m.

Program 8 – 10 a.m.

Dave Schroepfer, CPA, Partner – Financial

HR Hot Topics (BP1014LS)

Wipfli LLP

Services, Wipfli LLP

Learn about the broad macroeconomic trends that have given rise to a new asset class — cryptocurrencies and digital assets — as well as what you need to be aware of as a CPA, as we continue to see broader adoption. As many issues remain unclear with the FASB, IFRS, IRS and other regulators; and while we continue to see adoption increasing exponentially, it is critical to understand the underlying economics behind many transactions unique to this asset class so that, as professionals, we can correctly assess their impact on financial statements and tax returns.

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

Geoffrey Trotier, JD, Shareholder, von Briesen & Roper, s.c.

Most of our workplaces have gone through the largest transformation in recent history, and along with that transformation are myriad Human Resources issues. From recruiting and retention issues, to DE&I initiatives and benefits, to wage and hour audits and more, this session will address the hottest HR issues that all employees need to be aware of.

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

Flourish

If you’re looking for quick tips to improve your use of Excel, this training is for you. No matter what your current level, you will get nuggets of wisdom to help you save time — and we make the training fun. You will learn valuable keyboard shortcuts, insider tips and hacks, and key ways to get more meaning out of your data faster.

If Excel is not fun for you (yet), don’t worry — Jennifer Buchholz of Excel and Flourish teaches in a way that helps all levels of learners. If you haven’t taken an Excel training lately (or ever), we promise you will learn something to save you time! Specific questions are encouraged.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits Nov. 9 | Open 7:30 a.m.

Program 8 – 10 a.m.

The New Normal of the Consumer Sector (BP1109LS) Dana Telsey, CEO & Chief Research Officer, Telsey Advisory Group

In this program, you will learn how to adapt to new consumer behavior. We will discuss the collision of tech and retail. Last, we will focus on the letters “I” and “P”: “I” for today — invasion, inflation, investment and interest rates; “P” for today and tomorrow — process, purpose and profit.

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

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Registration: $749 member | $1,129 nonmember Savings include FOUR FREE programs $699 retired, part-time, unemployed/ leave-of-absence Savings include FIVE FREE programs CPE credit: 38 credits

& Executive Advisor, John Minnich LLC dba Strategic Executive Advisory

Breakfast Programs

Nov. 18 | Open 7:30 a.m.

Program 8 – 10 a.m.

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

Program 8 – 10 a.m.

Jan. 11, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

Economic & Market Outlook & Retirement Plan Investment Trends

Federal Tax & Legislative Update

High-Performance Leadership (BP0111LS)

(BP1207LS)

(BP1118LS)

James Brandenburg, CPA, MST,

John Minnich, CPA, CGMA, Founder

Manuel Rosado, MBA, President,

Spectrum Investment Advisors, Inc. Dave Sargent, CFA, Vice President DCIO, Fidelity Investments

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This program will offer insight into today’s big investment themes to enable more confident portfolio decisions. Retirement plan investment trends and how companies are managing their investment lineups will be reviewed. Fidelity’s proprietary study — examining plan sponsors’ priorities and detailed insights since 2008, why plan sponsors utilize an advisor, what they most value, and how to create even more satisfaction with current needs in the marketplace — will also be discussed.

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

Program 8 – 10 a.m.

Wisconsin Department of Revenue Income, Sales & Excise Tax Update (BP1202LS)

Nate Weber, CPA, Director, Office of

Technical Services, Wisconsin Department of Revenue

The presentation will include a summary of the 2021 income tax return processing season, new law changes and changes to 2022 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

Tax Partner, Sikich LLP

This session will provide an overview of various tax developments, updates, and tax legislation in 2022 and late 2021. There will also be coverage of broader tax developments and proposals in 2022. 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 Jan. 6, 2023 | Open 7:30 a.m.

Program 8 a.m. – noon Individual Income Tax Update (BP0106LS) June F. Norman, CPA, MST, Partner, Hartwig, Norman & Shannon LLPP

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 you leave prepared and motivated for the filing season ahead.

NOTE: The registration fee for this program includes a Master Tax Guide that will be mailed to each participant’s preferred address on file at no additional cost. (Please make sure your address is current in your My WICPA account before ordering.) Estimated to mail early January 2023.

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

& Executive Advisor, John Minnich LLC dba Strategic Executive Advisory

Move from good to great! Effective leaders manage their time and resources. They know how to create synergy and provide constructive feedback. High-performing leaders set and articulate vision, both inspiring and motivating engaged teams to achieve goals. Self-aware and valuing 360-degee feedback, these leaders are always seeking to improve.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits Feb. 3, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

The Increasing Popularity of ESOPs in Wisconsin (BP0203LS) Robert Mathers, JD, CPA, ABV, PFS, Shareholder, von Briesen & Roper, s.c.

Kenneth Hoogstra, JD, Shareholder, von Briesen & Roper, s.c.

The number of employee stock ownership plans (ESOPs) in Wisconsin is on the rise – Steinhafel’s, OwnersEdge Inc., Van Horn Automotive Group, and Ruekert & Mielke are just a few such examples. Companies both big and small have turned to this model to successfully transition their business ownership and to attract and retain employees. But is an ESOP a good fit for all businesses? Ken Hoogstra and Bob Mathers provide a high-level introduction to ESOPs, including what companies are good candidates for an ESOP, the advantages and disadvantages of forming an ESOP, and how ESOP transactions are typically structured.

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

wicpa.org/CPEcatalog

Feb. 15, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

March 22, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

April 14, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

Defending Against Today’s Newest Cyber Threats (BP0215LS)

Your Fiduciary Responsibilities Under ERISA (BP0322LS)

Excel: Fast-Track Data Cleanup (BP0414LS)

Kevin Bong, MS, PCICFI, QSA, CISSP, CISA, PMP, GSE, GGIH, GCIA, GPPA, GSEC, GCFA, GAWN, Director, Sikich LLP

Bruce Lanser, CIMA, CRPS, CRPC, CPFA, AIF, Senior Retirement Plan Consultant, UBS

Flourish

In 2022, cyberthreat groups advanced their tactics and attack techniques.

This presentation will describe these new cyberattacks and will provide an overview of the most effective controls for preventing them.

You’ve established a retirement plan to help employees prepare for a secure financial future. You believe your plan is a key benefit that can help attract and retain talented employees. You care about how your plan is meeting its purpose to provide retirement security, including whether it’s attracting maximum participation among employees. What are your fiduciary responsibilities?

March 10, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

Business Health & Making a Business Transferable (BP0310LS) Paul Ouweneel, CFA, CPA/ABV, CFP, Partner, Wipfli LLP

Nathan Digmann, CFP, CeFT, Financial Advisor, Wipfli Financial Advisors, LLC

What makes a business valuable and transferable? Topics to be discussed include: • Strategies to build transferable value • Critical transition planning issues and pitfalls • Creating an integrated vision for the business and your personal retirement plan • Psychological and emotional challenges for business owners approaching a transition 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

This presentation is for groups who download, clean up, and make meaning of mountains of data.

This session is a quick orientation to a variety of ways to clean up data in Excel with some options for automating that cleanup.

Registration: $49 member | $75 nonmember $45 retired, part-time, unemployed/ leave-of-absence CPE credit: 2 credits May 12, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

Hot Tax Practice Procedure & Ethical Issues (BP0512LS) Michael Goller, JD, Shareholder & Tax

April 5, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

The Benefits of Establishing a Business Foundation for Charitable Giving (BP0405LS) Thomas Moniz, JD, Shareholder, von Briesen & Roper, s.c.

Sumeeta Krishnaney, Principal Associate, von Briesen & Roper, s.c.

Some think you need to be a large employer with multimillion dollars in revenue to set up a business foundation. On the contrary, businesses of all sizes are establishing business foundations for many reasons, including for both employee and client retention. This session will discuss the benefits, process, and compliance requirements of establishing a business foundation.

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

Department Chair, Reinhart Boerner Van Deuren s.c.

A summary of what is the new “hot” at the IRS with regard to practice and procedures 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

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

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

Retirement Plan Consulting Group

Jennifer Buchholz, MCT, Owner, Excel &

Breakfast Programs

May 17, 2023 | Open 7:30 a.m.

Program 8 – 10 a.m.

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

U.S. Taxation of Computer Programs, Digital Content & Cloud Transactions

Oct. 4

(BP0517LS)

Magnolia Mabel Movido, JD, LLM, EA,

Oct. 18 Preparing Your Clients for Export Success (WS1018LS)

In order to keep up with the fast, major changes in the digital economy and simplify tax compliance, the Treasury Department issued proposed regulations that aim to provide guidance on the tax treatment of computer programs, digital transactions, and cloud transactions.

Despite this effort, there are still a lot of open questions on the administrability and feasibility of the rules, as the proposed regulations have not been finalized to date. The presentation will focus on these transactions from a U.S. international tax perspective.

Nov. 1

Tax Senior Manager, Wipfli LLP

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Programs Supporting Prosperity for Wisconsin Communities (WS1004LS)

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

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

WEDC Series Free to members, this three-part series from the Wisconsin Economic Development Corporation will help educate participants on creating stronger communities through economic development strategies; expanding globally to reach new markets for exporting products and services; and understanding the qualified new business venture tax credits to develop new technologies, move products to market and provide high-quality jobs.

WEDC Series Season Pass (WEDCSP) – Free to members Conveniently register for all three parts of the WEDC Series with the Season Pass or register for the individual programs separately.

Understanding Qualified New Business Venture Tax Credits (WS1101LS)

Registration for Season Pass: FREE to members | $50 nonmember CPE credit: 3 credits Oct. 4 | Open 8:30 a.m.

Program 9 – 10 a.m.

Programs Supporting Prosperity for Wisconsin Communities (WS1004LS) Tina Chitwood, CECP, EDFP, Senior

Economic Development Director, WEDC Neil White, EDFP, Regional Economic Development Director, WEDC

Thriving communities fuel creativity and ambition. In Wisconsin, we invest in our communities to help both people and businesses grow, develop, and contribute to our state’s economic vitality. From our industrial city centers to the tree-lined streets of our town squares, WEDC’s comprehensive community development programs and funding initiatives empower local officials to develop sustainable economic development strategies that increase prosperity, while redevelopment programs provide financial assistance for activities that revitalize commercial districts. By providing community and business leaders access to this knowledge and support, we’ve helped them create stronger community cornerstones and build vibrant economic epicenters throughout Wisconsin.

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

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

Oct. 18 | Open 8:30 a.m.

Program 9 – 10 a.m.

Preparing Your Clients for Export Success (WS1018LS) Katy Sinnott, Vice President, Global Trade & Investment, WEDC

Aaron Zitzelsberger, JD, Director, Global Trade & Investment, WEDC

Registration: FREE to members | $25 nonmember CPE credit: 1 credit Nov. 1 | Open 8:30 a.m.

Program 9 – 10 a.m.

Understanding Qualified New Business Venture Tax Credits (WS1101LS) Aaron Hagar, Vice President,

Entrepreneurship & Innovation, WEDC Chris Schiffner, Senior Technology Investment Manager, WEDC

The goal of the Qualified New Business Venture (QNBV) Program is to incent equity investment in

technology-based businesses in the state of Wisconsin. The program provides tax credits to eligible Angel and Venture Fund investors who make cash equity investments in qualified early-stage businesses. If all eligibility requirements are met, investors receive a Wisconsin income tax credit equal to 25% of the value of the investment made in the certified company. The investments incented by this program provide the capital necessary for emerging growth companies to develop new products and technologies, move products to market, and provide high-quality jobs in Wisconsin.

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

IN-PERSON BREAKFAST PROGRAMS The Individual Income Tax Update courses will continue to be available in person this year at five separate locations around the state.

Dec. 9 | Open 7:30 a.m. (LCBP12) Program 8 a.m. – noon Stoney Creek Hotel & Conference Center, Onalaska

Jan. 18, 2023 | Open 7:30 a.m. (MT01) Program 8 a.m. – noon Hampton Inn & Suites Milwaukee West, West Allis

Dec. 16 | Open 7:30 a.m. (NBP12) Program 8 a.m. – noon Radisson Hotel & Conference Center, Green Bay

Individual Income Tax Update

Jan. 6, 2023 | Open 7:30 a.m. (WBP01) Program 8 a.m. – noon WICPA Lower Level Conference Center, Waukesha Jan. 13, 2023 | 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 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

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

With 96% of the world’s population consuming products outside the U.S. and 1 billion people expected to join the global middle class in the next decade, Wisconsin companies are changing the way they think about their businesses. For companies that want to grow, exporting is no longer a luxury — it’s a necessity. In addition to reaching new markets ripe for products or services, exporting has proven to help companies grow faster, offer higher wages, improve their labor pools, and ultimately increase

value. But expanding business globally can be intimidating when you don’t know where to begin. This course will introduce participants to programs, resources, and services available through WEDC.

Seminars l Accounting & Auditing

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

52

Sept. 8-9 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha

Annual Update for Accountants & Auditors (AUAA) & (AUAA2)

Audit Staff Essentials: New Staff Core Concepts (ASE1)

Accounting, University of Wisconsin-Oshkosh

James Buckley, CPA, MSF, Consultant,

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

James Buckley

First-year staff will be provided with the foundational knowledge they will need to be successful, not only on their first few engagements but throughout their careers. This course will plant the roots of a successful auditor and member of the firm. From introducing the audit from the perspective of the firm to understanding the dynamics of in-firm and client relationships, this course stresses the core knowledge that an auditor will need for life.

Along with preparing an auditor to have early success with the firm, this course introduces the knowledge and concepts that auditors will need for successful career progression.

Registration: $579 member | $679 nonmember $479 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Aug. 8 $60 AICPA member discount Level of knowledge: Beginning CPE credit: 16 credits Developed by: AICPA Sept. 22 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Sheraton Madison Hotel, Madison Oct. 3 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Radisson Hotel & Conference Center, Green Bay

Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of

Keep abreast of the fast-paced changes in accounting and auditing.

This comprehensive course covers relevant pronouncements, exposure drafts and other guidance recently issued in the accounting, auditing, review, compilation and preparation engagement arenas. The course will sort through the complexities and identify and apply recently issued FASB, PCAOB, ARSC and ASB standards and guidance so you can stay current on the topics impacting the profession.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid 30 days prior to program $30 AICPA member discount Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA Sept. 28 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Breaking Down the Auditor’s Report for Non-ERISA Plan Private Entities (AURPT)

Leah Donti, CMA, MBA, Consultant, Leah Donti

The Auditing Standards Board of the AICPA has recently completed a project to update its standards surrounding auditor reporting. With more than half a dozen new Statements on Auditing Standards affecting the entire 700

series of the professional standards, there is a lot to learn about the new requirements. This course will take you through the significant areas of AICPA Professional Standards, including highlighting the new areas and requirements. The audit report, while retaining much of the familiar language, is much different under these new standards. Let us walk you through the changes to ensure compliance.

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

Program 8:30 a.m. – 4 p.m.

Financial Reporting Update for Tax Practitioners (AAUP) Jason W. Carney, CPA, CISA, PMP, CISSP, CCSP, Lead Information Security Analyst, Thomson Reuters

Designed for all tax practitioners, this course will replenish your accounting and reporting tank with an update of recent standard-setting activities at the FASB and AICPA; review the significant new financial accounting, auditing and accounting services guidance issued over the past few years; focus on any unique income tax reporting (ASC 740) implications of recently issued accounting standards, such as revenue recognition (ASC 606) and leases (ASC 842) and those of COVID-19 stimulus and other tax-related legislation;

wicpa.org/CPEcatalog

discuss recently issued standards and review recent AICPA activity, with a focus on how the new standards will impact tax practitioners; dive into the unique income tax accounting considerations that arise from certain types of transactions, such as stockbased compensation; and review the presentation and disclosure requirements of ASC 740.

Oct. 6-7 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Audit Staff Essentials: Practical Application (ASE2) Michael J. Hamilton, CPA, ABV, CFF, CTP, President, Hamilton Valuation Services In the second of the comprehensive Audit Staff Essentials courses, firstyear staff will be provided with the foundational knowledge they will need to be successful, not only on their first few engagements but throughout their careers. Designed as the companion course to our New Staff: Core Concepts, this course focuses on the skills and knowledge needed to perform the duties commonly assigned to first-year audit staff members.

Along with insight related to the audit process, this course includes considerations associated with the following: internal controls, substantive testing, financial statement captions, fraud considerations, analytical procedures and audit data analytics.

Oct. 17 | Open 8 a.m.

Program 8:30 a.m. – noon

53

Internal Controls, COSO & COVID-19 (ICC4)

Don P. Cochran, CPA, JD, Sole Practitioner, Don Paul Cochran, Attorney at Law

Companies that fall victim to fraud schemes need to reassess internal controls in order to prevent future fraudulent activity. In this course, we will review the 18 most prevalent internal controls that should be present (as well as designed and operating effectively) in order to prevent future frauds. These controls are taken from the Association of Certified Fraud Examiners’ Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse. Then we will tie these controls to the 17 internal control principles offered by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the framework used by virtually all entities and auditors to assess the design and operational effectiveness of internal controls. Lastly, we will consider the impact of the 2020 pandemic on internal controls in the coming era.

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

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 2 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 & paid by Aug. 30 Level of knowledge: Update CPE credit: 8 credits Developed by: Surgent

Registration: $579 member | $679 nonmember $479 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sept. 6 $60 AICPA member discount Level of knowledge: Beginning CPE credit: 16 credits Developed by: AICPA

Seminars l Accounting & Auditing

Oct. 17 | Open noon Program 12:30 – 2:10 p.m.

Oct. 18 | Open noon Program 12:30 – 4 p.m.

Workplace of the Future: Adjusting to Business in a Post-COVID World (WOTF)

Construction Contractors: Auditing Considerations (CCAUD)

Don P. Cochran, CPA, JD, Sole Practitioner,

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

Don Paul Cochran, Attorney at Law

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

The COVID-19 pandemic disrupted labor markets globally during 2020.

The short-term consequences were sudden and often severe: millions of people were furloughed or lost their jobs, and others rapidly adjusted to working from home as offices closed.

Many other workers were deemed essential and continued to work in hospitals and grocery stores, on garbage trucks and in warehouses — but under new protocols to reduce the spread of the novel coronavirus.

Now we need to assess the lasting impact of the pandemic on the labor pool. The pandemic pushed companies and consumers to rapidly adopt new behaviors that are likely to remain. Labor markets before and after the pandemic will look different.

Companies today are assessing their needs and seeking ways to provide the desired work environment of the post-pandemic world. The goal of this course is to provide insights into how companies are adjusting as we come out of the pandemic and discuss the future of work.

Registration: $99 member | $125 nonmember $89 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 2 credits Developed by: Surgent

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

The construction industry is one of the most unique when it comes to being in compliance with the various auditing standards. This course examines the core knowledge necessary to succeed and the key auditing issues impacting construction accounting. Find out what other new developments may mean for you, your company or your clients.

With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in auditing changes and practice tips for the construction industry.

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. 20-21 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Audit Staff Essentials: Experienced Staff/New In-Charge (ASE3) Bruce A. Shepard, CPA, Consultant, Bruce Shepard

The third of the comprehensive Audit Staff Essentials courses continues to build on the knowledge first-year staff have attained through experience and our two-part New Staff courses.

Experienced staff take on an expanded role in engagements with more

technical or advanced accounting and auditing topics. This course will provide discussion, examples and exercises that focus on the increasingly advanced topics that those staff with one to two years of experience will commonly be tasked with. From accounts receivable to inventory price testing and obsolescence, this course takes these types of widely used accounts into their more complex areas. We will discuss topics key to a successful and well-rounded experienced staff member, including tasks such as risk assessment, sampling, engagement management and supervision, and working paper review.

Registration: $579 member | $679 nonmember $479 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sept. 20 $60 AICPA member discount Level of knowledge: Intermediate CPE credit: 16 credits Developed by: AICPA Oct. 27 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Annual Update & Practice Issues for Preparation, Compilation & Review Engagements (CORU) Jeanette Bax-Kurtz, CPA, Director of Not-

for-Profit & Regulatory Services, Mueller Prost

A go-to reference for training staff and managing your preparation, compilation and review engagements, this course will enable you to be in compliance with all of the professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services

wicpa.org/CPEcatalog

(SSARS). A practice-oriented review of the latest developments and cases and lively discussion among the experienced participants make this class informative and practical.

Oct. 31 | Open 8 a.m.

Program 8:30 a.m. – noon Fraud Basics: Protecting the Company Till (DRF4) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC

Our focus is to reduce the overall risk of fraud. This course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics as well as how people may react in certain situations. We also explore the darknet and cryptocurrency 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 Oct. 31 | Open 1:30 p.m.

Program 2 – 2:50 p.m.

Top 10 Technology Risks & Trends Every CPA Should Know (TCH1) Don P. Cochran, CPA, JD, Sole Practitioner, Don Paul Cochran, Attorney at Law

The use of technology by businesses of all types, including CPA firms, has

Registration: $59 member | $85 nonmember $55 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 1 credit Developed by: Surgent Dec. 15 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

U.S. GAAP: Review on New Guidance & Hot Topics (GAAPR) Leah Donti, CMA, MBA, Consultant, Leah Donti

As described by the title, this course is a review of new guidance and hot topics. New guidance includes pronouncements, exposure drafts and other guidance recently issued

by FASB. Hot topics include major accounting standards updates, such as revenue recognition, credit losses and leases, and key topics such as fair value measurement.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Nov. 15 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA

June 28, 2023 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Audits of ERISA Plans (With a Focus on 401(k) Plans) (AUEBP) Speaker TBD Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to a history of noncompliance with applicable professional standards. Auditors require proper skills to perform EBP engagements effectively. You will work through the plan audit process from engagement acceptance to reporting and completion and take a deep dive into 401(k) plans — the most common type of plans audited. Tap into ways to plan and conduct effective risk-based plan audits to comply with professional standards while maximizing efficiency.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by May 28, 2023 $30 AICPA member discount Level of knowledge: Beginning CPE credit: 8 credits Developed by: AICPA

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

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sept. 27 $30 AICPA member discount Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA

exploded in recent years, creating the need for a detailed understanding of the latest technology trends as well as proactive and robust cybersecurity risk-management practices. This trend has created the need for a data-driven decision-making process but has also introduced risks into many companies’ operating environments. This course will explore the most common technology risks and trends that every CPA should know to better advise and serve clients.

Seminars l Ethics

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

Dec. 14 | Open 8 a.m.

Program 8:30 a.m. – noon Ethics & Professional Conduct: Updates & Practical Applications (CL4GRE) Charles Borek, CPA, MBA, JD, CEO, The Borek Group, LLC 56 The Bottom Line | 2 0 2 2 E d i t i o n

This CPE course provides a timely update and refresher on the AICPA Code of Professional Conduct, including the conceptual framework and independence provisions for nonattest services, personal independence and other critical matters. It reviews the basic tenets of ethical and professional conduct, including the principles upon

which the code rests and explains why the code is necessary and how it is organized. AICPA members must follow the AICPA code, and many courts and regulatory bodies view the AICPA code as the de facto standard for the accounting profession; therefore, it is imperative to stay current on the rules and apply them properly. Through interactive case studies, exercises and illustrative graphics, you will learn the most up-todate rules.

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

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

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

Seminars l Financial Planning

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

Nov. 21 | Open 8 a.m.

Program 8:30 a.m. – noon Select Estate & Life Planning Issues for the Middle-Income Client (PMI4) Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of

Accounting, University of Wisconsin-Oshkosh

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

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Social Security & Medicare: Planning for You & Your Clients (SSRB) Edgar H. Gee, CPA, MBA, Founder & Owner, Edgar Gee, CPA

Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Nov. 5 Level of knowledge: Beginning CPE credit: 8 credits Developed by: Surgent Dec. 21 | Open noon Program 12:30 – 4 p.m.

Required Minimum Distributions: Compliance & Planning (RMD4) Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of

Accounting, University of Wisconsin-Oshkosh

Required minimum distributions (RMDs) from employer retirement plans and IRAs must be made, or steep penalties will be incurred. Planning opportunities exist in certain situations to minimize distributions. Also, special rules exist for inherited retirement funds. Your clients depend on you to help them navigate the rules regarding RMDs and the taxation of distributions.

This course addresses compliance issues and planning opportunities regarding RMDs. Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent

Dec. 28 | Open 8 a.m.

Program 8:30 a.m. – noon This Year’s Top Tax & Financial Planning Ideas (IEF4) Kevin L. Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management, LLC

With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. Explore practical taxplanning 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. Continually updated for legislative developments.

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

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

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.

Updated for developments relative to estate tax changes.

planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security as well as the myriad other related retirement planning issues.

Seminars l Government & Nonprofit

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

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

Yellow Book: Application of GAGAS Principles (CL4YBAP) Daniel W. Bradley, CPA, Principal, Young, Oakes, Brown & Co. P.C. 58 The Bottom Line | 2 0 2 2 E d i t i o n

This course, based on chapters 1 – 6 of Government Auditing Standards, 2018 Revision, is essential for auditors performing Yellow Book audits and provides an excellent baseline of information as it relates to understanding Yellow Book requirements and application guidance. It also provides detailed information that all auditors planning and conducting engagements in accordance with the Yellow Book need to understand to be able to discern the requirements related to independence, ethics and standards for financial audits.

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. 12 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Applying the Uniform Guidance in Your Single Audits (INUG) John D’Amico, CPA, Partner, Marks Paneth LLP

This course provides you with the knowledge to be more efficient and effective at planning and performing audits in accordance with the

requirements of the Uniform Guidance and the Single Audit Act. Make sure your skills are up to date with the latest information in this challenging audit area.

Registration: $339 member | $439 nonmember $289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sept. 12 $30 AICPA member discount Level of knowledge: Intermediate CPE credit: 8 credits Developed by: AICPA Oct. 28 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha 2022 Governmental & Not-for-Profit Annual Update (GNAU) Lynda M. Dennis, Ph.D., CPA, CGFO, Discussion Leader, AICPA

Change is inevitable and at times overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools to implement the new standards.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sep. 28 $30 AICPA member discount

Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA Oct. 31 | Open noon Program 12:30 – 1:20 p.m Everything You Want to Know & Don’t About Yellow Book Independence (EYWT) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC

The Yellow Book devotes approximately 30 pages to the topic of independence. This course is designed to help you fully understand the Yellow Book independence requirements.

Learn where the limits are, where they are not and how to stay on the right side of the requirements.

Registration: $59 member | $85 nonmember $55 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 1 credit Developed by: Surgent Nov. 30 | Open 8 a.m.

Program 8:30 a.m. – noon The Most Critical Challenges in Notfor-Profit Accounting Today (CNA4) Thomas E. Newell, CPA, Shareholder, Newell & Newell, P.C

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. The course

wicpa.org/CPEcatalog

materials utilize a highly illustrative and innovative format. Over 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

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

Best Practices in Not-for-Profit Accounting & Reporting (BPN4) Marty D. Van Wagoner, Managing Partner, Mountainside Accounting & Consulting

The missing piece of your marketing puzzle.

WICPA Sponsorships wicpa.org/sponsor

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent 59 The Bottom Line | 2 0 2 2 E d i t i o n

To catch the eye of resource providers and fulfill the needs of leadership, it is essential that not-for-profits prepare financial statements that excel. This course will empower you with the knowledge of not-for-profit accounting and reporting to surpass the expectations of financial statement

users. Over 15 focused exercises are included to illustrate and refine today’s best practices in not-for-profit accounting and reporting.

Seminars l Management & Organization

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

Sept. 26 | Open 8 a.m.

Program 8:30 – 9:20 a.m.

Why People Quit: A Look at Accounting & Other Professionals (WPQA) Don P. Cochran, CPA, JD, Sole Practitioner, Don Paul Cochran, Attorney at Law 60 The Bottom Line | 2 0 2 2 E d i t i o n

Employee turnover has always been expensive, and experts warn that the cost of employee attrition keeps rising. It is commonly thought that employees often leave their jobs because they do not like their boss, they perceive low opportunities for growth or they are offered a better opportunity somewhere else. This course provides an overview of how to improve employee retention. Whether you are a sole practitioner with one or two employees or part of a much larger organization, this course will be valuable to you.

Registration: $59 member | $85 nonmember $55 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Overview CPE credit: 1 credit Developed by: Surgent Sept. 26 | Open 9:30 a.m.

Program 10 – 10:50 a.m.

HIPAA: What Accountants & Other Practitioners Need to Know (HPA2) Don P. Cochran, CPA, JD, Sole Practitioner, Don Paul Cochran, Attorney at Law

In 1996, Congress passed the Health Insurance Portability and Accountability Act, commonly referred to as HIPAA. Congress strengthened HIPAA in 2009 when it passed the Health Information Technology for Economic Clinical

Health Act (HITECH). Under HITECH, entities subject to HIPAA are now required to maintain specific physical, administrative and digital protection procedures. The law substantially increased the fines that HIPAA-covered entities must pay for violations. It is imperative that accountants and financial professionals familiarize themselves with HIPAA’s requirements.

Under HITECH, businesses must comply with HIPAA’s data privacy guidelines if they work with HIPAA-covered businesses — that is, any business in the health care industry. Professionals who are not familiar with HIPAA fundamentals run the risk of subjecting themselves and their companies to civil liability and severe penalties.

Registration: $59 member | $85 nonmember $55 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Overview CPE credit: 1 credit Developed by: Surgent

what it means to develop a digital mindset, including concepts related to agility, constant learning, thriving in ambiguity, curiosity and innovation.

Through tangible examples, this course will help participants gain knowledge about the competencies needed to thrive in today’s disruptive world, enhance employability, accelerate company performance and manage the accelerating and relentless pace of change.

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. 11 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Annual Update for Controllers (SKSB) Michele Kemp, CPA, Owner, The Kemp

Sept. 29 | Open 8 a.m.

Program 8:30 a.m. – noon Developing Your Digital Mindset (CL4DYDM) Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, CSP, Consultant, The Sustainable CFO

The accounting and finance profession is seeing seismic change because of new technologies, which are developing and launching ahead of the profession’s ability and willingness to adapt to them and take advantage of their benefits. A lack of digital mindset is reportedly a cause of the hesitation to adapt. This course will explain

Firm LLC

Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management and business systems. In this course, you will discuss leadingedge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence

wicpa.org/CPEcatalog

$50 early bird discount if registered & paid by Sept. 11 $30 AICPA member discount Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA Oct. 13 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Radisson Hotel & Conference Center, Green Bay Advanced Controller & CFO Skills (ACCS) Joselin R. Martin, CPA, CGMA, CCIFP, This course examines best practices of leading-edge controllers and CFOs. Demonstrate your advanced skills that add value and contribute to the success of the organization. You will learn specific skills every CFO or controller needs to be successful, and you will find that you suddenly have more power and influence than you ever thought possible.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Sept. 13 $30 AICPA member discount Level of knowledge: Advanced CPE credit: 8 credits Developed by: AICPA Oct. 24 | Open 8 a.m.

Program 8:30 a.m. – noon Finance Business Partnering: Communicating & Influencing for Optimum Engagement (CL4CIOE) Rebeka J. Mazzone, CPA, CGMA,

Adjunct Faculty Instructor, Providence College School of Business

This course is intended to provide you with strategies and best practices to convey important information to your stakeholders so that the best decisions

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

Finance Business Partnering: The Changing Finance Function & Technology Impacts (CL4FFTI) Rebeka J. Mazzone, CPA, CGMA,

Adjunct Faculty Instructor, Providence College School of Business

This course is intended to provide you with an introduction to finance business partnering and an appreciation of the growing importance of this role in management accounting. It builds on your current knowledge and experience to help you successfully navigate and drive value for your business during a time of disruptive, technology-led change. It aims to demonstrate how technology is changing the role of the traditional management accountant and how best to embrace this digital revolution.

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

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ATTENTION! THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2023 Reporting Period: Jan. 1, 2022 – Dec. 31, 2023 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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CEO, True North CFO

are made to drive the business forward. Building on your current knowledge and experience, the course aims to strengthen your competencies in critical areas of communication and influencing.

Seminars l Management & Organization

Nov. 7 | Open 8 a.m.

Program 8:30 a.m. – noon

Nov. 21 | Open noon Program 12:30 – 2:10 p.m.

Finance Business Partnering: Successful Business Models & Strategic Choices (CL4BMSC)

Work-Life Balance: Maximizing Productivity & Understanding Related Tax Issues (WLB2)

Brent McClure, CPA, CGMA, Sole

John M. Kilroy, CPA, CFP, Managing

This course offers finance professionals an application-based approach to finance business partnering. You will acquire essential problem-solving skills and learn how to leverage analytics tools and techniques to aid in decision making.

Working as a financial professional is an accomplishment that offers the potential for a good salary with longterm growth. Establishing a work-life balance is difficult in any profession, yet financial professionals confront unique challenges that make this goal seem even more elusive. This webinar looks at research, surveys and simple anecdotal information to provide a better understanding of how to achieve a realistic work-life balance in the modern world. We also discuss the tax consequences that arise when professionals seek balance by working from home in one state while their employer is located in a different state.

Proprietor, L. Brent McClure, CPA

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Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: AICPA Nov. 7 | Open noon Program 12:30 – 4 p.m.

Finance Business Partnering: Techniques for Effective & Impactful Communication (CL4TEIC) Brent McClure, CPA, CGMA, Sole Proprietor, L. Brent McClure, CPA

This course is intended to provide learners with a variety of tools and techniques to influence stakeholders, provide maximum impact and enhance your interpersonal and communication skills. Using the techniques learned, you will become more accomplished in communicating and influencing key business decision makers.

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

Partner, iValue Financial Planning, LLC

Registration: $99 member | $125 nonmember $89 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Beginning CPE credit: 2 credits Developed by: Surgent

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.

Seminars l Taxation

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

Nov. 14 | Open 8 a.m.

Program 8:30 a.m. – noon

Dec. 1 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Radisson Hotel & Conference Center, Green Bay

Thomas E. Newell, CPA, Shareholder,

Dec. 12 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Annual Federal Tax Update (PTU), (PTU2) & (PTU3)

Brian G. Gosline, CPA, JD, President, Brian G. Gosline, P.C.

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. Cover current developments affecting 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.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid 30 days prior to program $30 AICPA member discount Level of knowledge: Update CPE credit: 8 credits Developed by: AICPA

Succession Planning for the Small Business Owner: Finding the Exit Ramp (BSP4) Newell & Newell, P.C.

The life cycle of the small business can be summed up in three segments: 1) starting the business, 2) operating the business, and 3) getting out of the business. This course focuses on getting out of the business. The most elusive element of owning a small business can be finding the proper exit strategy. This course is designed to provide the business consulting practitioner with tools and concepts to advise the small business owner and assist them in developing the right exit strategy. The course covers exit strategies related to third-party sales and succession planning within a 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 Nov. 14 | Open noon Program 12:30 – 4 p.m.

The Essential Multistate Tax Update (MST4)

Kevin L. Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management, LLC

After the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case, the states are working fast and furious to overhaul their

tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue.

Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues of small and middle-market companies and offer guidance for minimizing tax liability and negotiating the treacherous waters of compliance.

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

Program 8:30 a.m. – noon Select Estate & Life Planning Issues for the Middle-Income Client (PMI4) Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of

Accounting, University of Wisconsin-Oshkosh

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.

Updated for developments relative to estate tax changes.

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

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Nov. 10 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Courtyard by Marriott La Crosse Downtown/Mississippi Riverfront, La Crosse

Seminars l Taxation

Nov. 29 | Open 8 a.m.

Program 8:30 a.m. – noon

opportunities as a result of the latest tax legislation and IRS guidance.

Reviewing Individual Tax Returns: What Are You Missing? (CL4ITRM)

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

David R. Peters, CPA, CFP, CPCU, MST, MBA, Financial Advisor, Peters Financial LLC

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

The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. These provisions, combined with the potential for input error when utilizing the array of income tax software available, create the potential for a multitude of errors that can occur when preparing your client’s tax return. Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. Sharpen your reviewing skills by examining case studies, discussing issues for which additional information from the client may be warranted and areas of tax law that require additional analysis and information.

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

Tax Planning for Small Businesses (TPSC) David R. Peters, CPA, CFP, CPCU, MST, MBA, Financial Advisor, Peters Financial LLC This course identifies tax-planning strategies for small business clients through the different life cycles of the business. We will use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning

Dec. 5 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

WICPA Professional Development Center, Waukesha Social Security & Medicare: Planning for You & Your Clients (SSRB) Edgar H. Gee, CPA, MBA, Founder & Owner, Edgar Gee, CPA

Social Security seems poised for changes in benefits and eligibility age.

The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security as well as the myriad other related retirement planning issues.

Registration: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Nov. 5 Level of knowledge: Beginning CPE credit: 8 credits Developed by: Surgent

Dec. 6 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Radisson Hotel & Conference Center, Green Bay Buying & Selling a Business: Critical Tax & Structuring Issues (SELL) Edgar H. Gee, CPA, MBA, Founder & Owner, Edgar Gee, 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: $379 member | $479 nonmember $329 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Nov. 6 Level of knowledge: Intermediate CPE credit: 8 credits Developed by: Surgent Dec. 13 | Open 8 a.m.

Program 8:30 a.m. – 4 p.m.

Top 10 Tax Topics This Year (TTEN) John M. Kilroy, CPA, CFP, Managing Partner, iValue Financial Planning, LLC

Join us for our annual expedition through the harbors and swamps on the tax landscape this season. We will uncover the top issues with wide applicability and importance this year and explore the practical implications, potential pitfalls and planning opportunities. Continually updated for items regarding tax reform.

Registration: $339 member | $439 nonmember

wicpa.org/CPEcatalog

$289 retired, part-time, unemployed/ leave-of-absence $50 early bird discount if registered & paid by Nov. 13 Level of knowledge: Beginning CPE credit: 8 credits Developed by: Surgent Dec. 20 | Open 8 a.m.

Program 8:30 a.m. – noon Reviewing Partnership Tax Returns: What Are You Missing? (CL4PTRM) Arthur Auerbach, CPA, CGMA, Tax Consultant, Asbury Law Firm

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

Reviewing S Corporation Tax Returns: What Are You Missing? (CL4STRM) Arthur Auerbach, CPA, CGMA, Tax Consultant, Asbury Law Firm

The complexity of S corporation tax law creates a formidable challenge to the tax practitioner for accurate compliance and reporting of their clients’ S corporation activities.

We will discuss the common errors practitioners make on S corporation tax returns that are often missed by review staff, sharpen skills for reviewers and examine case studies. We will also address issues in which additional information from the client may be warranted as well as areas of tax law in which proper treatment requires additional analysis and information.

Multiple issues will be discussed, including income, deductions, K-1 reporting and more. This course follows a highly illustrative case study format to increase participant comprehension and retention.

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. 21 | Open 8 a.m.

Program 8:30 a.m. – noon

65

PLUS:

Register at least 30 days prior and get an additional

$50 OFF Conferences and

$50 OFF Seminars

Applies to programs over 8 hours.

IRS Tax Examinations & Hot Issues (EXI4) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC

Due to IRS issue-focused examinations, CPAs need to understand what types of returns are selected for examination and how they can help clients survive an IRS audit with little or no change. As a result of issue-focused examinations, CPAs must understand what the highrisk audit area issues are and what the IRS is focusing on when a return is

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 2 E d i t i o n

The partnership section of the Internal Revenue Code is arguably one of the most difficult sections to comprehend.

That complexity — and the reliability of tax software to properly handle it — can create many issues for you and your staff when processing your clients’ LLC and partnership tax returns. We discuss the common errors practitioners make on partnership tax returns that are often missed by review staff, sharpen skills for reviewers, issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information.

Multiple issues will be discussed, including income, deductions, K-1 reporting and more. This course follows a highly illustrative case study format to increase participant comprehension and retention.

Dec. 20 | Open noon Program 12:30 p.m. – 4 p.m.

Seminars l Taxation

examined. In addition, because taxrelated identity theft is a common issue for many taxpayers, it is critical for CPAs to understand the procedures necessary to resolve this matter for their clients.

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

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Dec. 21 | Open noon Program 12:30 – 4 p.m.

Required Minimum Distributions: Compliance & Planning (RMD4) Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of

Accounting, University of Wisconsin-Oshkosh

Required minimum distributions (RMDs) from employer retirement plans and IRAs must be made, or steep penalties will be incurred. Planning opportunities exist in certain situations to minimize distributions. Also, special rules exist for inherited retirement funds. Your clients depend on you to help them navigate the rules regarding RMDs and the taxation of distributions.

This course addresses compliance issues and planning opportunities regarding RMDs. Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent Dec. 28 | Open 8 a.m.

Program 8:30 a.m. – noon This Year’s Top Tax & Financial Planning Ideas (IEF4) Kevin L. Miller, CPA, CFP, CPWA, Partner, TruNorth Capital Management, LLC

With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. Explore practical taxplanning 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. Continually updated for legislative developments.

Registration: $179 member | $229 nonmember $155 retired, part-time, unemployed/ leave-of-absence Level of knowledge: Intermediate CPE credit: 4 credits Developed by: Surgent Dec. 28 | Open noon Program 12:30 – 4 p.m.

S Corporation, Partnership & LLC Tax Update (BCP4) Jason W. Carney, CPA, CISA, PMP, CISSP, CCSP, Lead Information Security Analyst, Thomson Reuters

If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas and other planning opportunities available to S corporations, partnerships, LLCs and LLPs. Continually updated to reflect enacted legislation.

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

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

67

THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2023 Reporting Period: Jan. 1, 2022 – Dec. 31, 2023 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 not less than 40 CPE credits from formal learning activities

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What is the current CPE compliance period?

period. However, members must complete a minimum of 40 credits the following year (the second year of the compliance period) which must include not less than 20 formal learning credits, including 1.5 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.

What is the ethics requirement?

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

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.

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

Jan. 1, 2022 – Dec. 31, 2023

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?

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

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

Retired members (working less than 1,000 hours per year) who are not licensed CPAs 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, CPE requirements are the same as DSPS. It should be noted that CPA license renewal with DSPS ends Dec. 14 of the second year of the reporting period. In addition, WICPA membership CPE requirements apply to 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 of nonrenewal of a CPA license. 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 • Writing for WICPA publications • Attending meetings or serving on boards, committees and task forces • Engaging in learning activities that enhance professional growth and competence

wicpa.org/CPErequirements

Are CPE activities or providers required to be approved or accredited?

• A program outline or handouts from an activity attended

changed and such change required significant additional study or research.

No, neither CPE activities nor providers are required to be approved or accredited by the WICPA or any other organization.

• A link to reading, video, audio, or any other online learning materials or activities performed or completed

How do I calculate CPE credits for informal activities?

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

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

How do I calculate CPE credits?

What are the recordkeeping and reporting requirements?

c) The program sponsor or presenter has 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.

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.

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

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: • 1 credit semester courses = 15 CPE credits

c) The subject matter of the activity

• 1 credit quarter courses = 10 CPE credits

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

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

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.

How should members report their CPE credits?

By paying dues, members are verifying that: 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

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

For informal learning activities, rather than developing granular rules specifying CPE computation formulas to estimate competency enhancement achieved from every type of learning activity, the WICPA board of directors decided to adopt a principles-based approach requiring each member to apply professional judgment in computing CPE credits for learning activities.

CPE Requirements

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.

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

Members are encouraged to use the WICPA’s CPE Tracker to record both 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 activities (e.g., committee attendance and board service) will automatically be added.

Can I carry forward CPE credits?

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 credits carried forward 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 carry back 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 credits carried back are not used 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

and 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 may be used to satisfy the CPE requirement for either 12-month period of the compliance period to which the carry-back or carry-forward 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 nonlicensed CPA members may request a waiver from the WICPA if they have been unable to fulfill 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 prevented the member from 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 of 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 What happens if I have to cancel my registration?

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.

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 prior to the program. Substitute registrants are allowed. No refund or program transfer request will be granted if electronic materials provided for the program have already been downloaded.

• Search the catalog and register online using our secure website, wicpa.org/CPE. • Download a printable form and fax to 262-785-0838, or 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, the 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 deadlines.

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. Several courses offer additional discounts for members who are retired, working part-time, or unemployed.

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 having to cancel 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

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

How do I register for a continuing professional development program?

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

2022-2023 CPE Calendar LIVESTREAM PROGRAMS DATE

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Sept. 7 Sept. 23 Sept. 26 Sept. 26 Sept. 28 Sept. 29 Sept. 30 Oct. 4 Oct. 4 Oct. 12 Oct. 14 Oct. 17 Oct. 17 Oct. 18 Oct. 18 Oct. 19 Oct. 24 Oct. 24 Oct. 31 Oct. 31 Oct. 31 Nov. 1 Nov. 7 Nov. 7 Nov. 9 Nov. 14 Nov. 14 Nov. 18 Nov. 21 Nov. 21 Nov. 29 Nov. 29 Nov. 30 Nov. 30 Dec. 2 Dec. 7 Dec. 13 Dec. 14 Dec. 15 Dec. 20 Dec. 20 Dec. 21 Dec. 21 Dec. 28 Dec. 28 Jan. 6, 2023 Jan. 11 2023 Feb. 3, 2023

Cryptocurrencies & Digital Assets: Macro Trends and Impact to Profession Strategy & Execution Why People Quit: A Look at Accounting & Other Professionals HIPAA: What Accountants & Other Practitioners Need to Know Breaking Down the Auditor’s Report for Non-ERISA Plan Private Entities Developing Your Digital Mindset Financial Reporting Update for Tax Practitioners Programs Supporting Prosperity for Wisconsin Communities Yellow Book: Application of GAGAS Principles Applying the Uniform Guidance in Your Single Audits HR Hot Topics Internal Controls, COSO & COVID-19 Workplace of the Future: Adjusting to Business in a Post-COVID World Preparing Your Clients for Export Success Construction Contractors: Auditing Considerations Excel Tips, Tricks & Shortcuts Finance Business Partnering: Communicating & Influencing for Optimum Engagement Finance Business Partnering: The Changing Finance Function & Technology Impacts Fraud Basics: Protecting the Company Till Everything You Want to Know & Don’t About Yellow Book Independence Top 10 Technology Risks & Trends Every CPA Should Know Understanding Qualified New Business Venture Tax Credits Finance Business Partnering: Successful Business Models & Strategic Choices Finance Business Partnering: Techniques for Effective & Impactful Communication The New Normal of the Consumer Sector Succession Planning for the Small Business Owner: Finding the Exit Ramp The Essential Multistate Tax Update Economic & Market Outlook & Retirement Plan Investment Trends Select Estate & Life Planning Issues for the Middle-Income Client Work-Life Balance: Maximizing Productivity & Understanding Related Tax Issues Reviewing Individual Tax Returns: What Are You Missing?

Tax Planning for Small Businesses The Most Critical Challenges in Not-for-Profit Accounting Today Best Practices in Not-for-Profit Accounting & Reporting Wisconsin Department of Revenue Income, Sales & Excise Tax Update Federal Tax & Legislative Update Top 10 Tax Topics This Year Ethics & Professional Conduct: Updates & Practical Applications U.S. GAAP: Review on New Guidance & Hot Topics Reviewing Partnership Tax Returns: What Are You Missing?

Reviewing S Corporation Tax Returns: What Are You Missing?

IRS Tax Examinations & Hot Issues Required Minimum Distributions: Compliance & Planning This Year’s Top Tax & Financial Planning Ideas S Corporation, Partnership & LLC Tax Update Individual Income Tax Update High-Performance Leadership The Increasing Popularity of ESOPs in Wisconsin

BP0907LS BP0923LS WPQA HPA2 AURPT CL4DYDM AAUP WS1004LS CL4YBAP INUG BP1014LS ICC4 WOTF WS1018LS CCAUD BP1019LS CL4CIOE CL4FFTI DRF4 EYWT TCH1 WS1101LS CL4BMSC CL4TEIC BP1109LS BSP4 MST4 BP1118LS PMI4 WLB2 CL4ITRM TPSC CNA4 BPN4 BP1202LS BP1207LS TTEN CL4GRE GAAPR CL4PTRM CL4STRM EXI4 RMD4 IEF4 BCP4 BP0106LS BP0111LS BP0203LS

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

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2022-2023 CPE Calendar LIVESTREAM PROGRAMS (CONT.) DATE

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Feb. 15, 2023

Defending Against Today’s Newest Cyber Threats

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March 10, 2023 March 22, 2023 April 5, 2023 April 14, 2023 May 12, 2023 May 17, 2023

Business Health & Making a Business Transferable Your Fiduciary Responsibilities Under ERISA The Benefits of Establishing a Business Foundation for Charitable Giving Excel: Fast-Track Data Cleanup Hot Tax Practice Procedure & Ethical Issues U.S. Taxation of Computer Programs, Digital Content & Cloud Transactions

BP0310LS BP0322LS BP0405LS BP0414LS BP0512LS BP0517LS

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IN-PERSON PROGRAMS DATE

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Sept. 8-9 Sept. 22 Oct. 3 Oct. 6-7 Oct. 11 Oct. 13 Oct. 20-21

Audit Staff Essentials: New Staff Core Concepts-WICPA Professional Development Center, Waukesha Annual Update for Accountants & Auditors-Sheraton Madison Hotel, Madison Annual Update for Accountants & Auditors-Radisson Hotel & Conference Center, Green Bay Audit Staff Essentials: Practical Application-WICPA Professional Development Center, Waukesha Annual Update for Controllers-WICPA Professional Development Center, Waukesha Advanced Controller & CFO Skills-Radisson Hotel & Conference Center, Green Bay Audit Staff Essentials: Experienced Staff/New In-Charge-WICPA Professional Development Center, Waukesha Annual Update & Practice Issues for Preparation, Compilation & Review Engagements-WICPA Professional Development Center, Waukesha 2022 Governmental & Not-for-Profit Annual Update-WICPA Professional Development Center, Waukesha Annual Federal Tax Update-Courtyard by Marriott La Crosse Downtown/Mississippi Riverfront, La Crosse Annual Federal Tax Update-Radisson Hotel & Conference Center, Green Bay Social Security & Medicare: Planning for You & Your Clients-WICPA Professional Development Center, Waukesha Buying & Selling a Business: Critical Tax & Structuring Issues-Radisson Hotel & Conference Center, Green Bay Individual Income Tax Update-Stoney Creek Hotel & Conference Center, Onalaska Annual Federal Tax Update-WICPA Professional Development Center, Waukesha 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 Audits of ERISA Plans (With a Focus on 401(k) Plans)-WICPA Professional Development Center, Waukesha

ASE1 AUAA AUAA2 ASE2 SKSB ACCS ASE3

16 8 8 16 8 8 16

52 52 52 53 60 61 54

CORU

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54

GNAU

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PTU PTU2 SSRB

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LCBP12 PTU3 NBP12 WBP01 MBP01 MT01 AUEBP

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Oct. 27 Oct. 28 Nov. 10 Dec. 1 Dec. 5 Dec. 6 Dec. 9 Dec. 12 Dec. 16 Jan. 6, 2023 Jan. 13, 2023 Jan. 18, 2023 June 28, 2023

HYBRID CONFERENCES DATE

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Sept. 13 Sept. 20 Oct. 26 Nov. 3-4 Nov. 16 Dec. 8 March 21, 2023 May 10, 2023 May 25, 2023

Business & Industry Fall-Brookfield Conference Center, Brookfield Not-for-Profit Accounting-Brookfield Conference Center, Brookfield Business & Industry Fall-Glacier Canyon Lodge, Wisconsin Dells Tax-Brookfield Conference Center, Brookfield Accounting & Auditing-Brookfield Conference Center, Brookfield Accounting Technology-Brookfield Conference Center, Brookfield Business & Industry Spring-Brookfield Conference Center, Brookfield Financial Institutions-Brookfield Conference Center, Brookfield School District Audit-Brookfield Conference Center, Brookfield

BIFC NFPA BIFC2 TAX ACCAUD TECH BISC FIC SDA

7.2 8 7.2 13 8 TBD TBD TBD TBD

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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

ATTENTION! THE CURRENT CPE REPORTING PERIOD ENDS DEC. 31, 2023 Reporting Period: Jan. 1, 2022 – Dec. 31, 2023 CPE Requirement: 80 total CPE credits Ethics Requirement: 3 Ethics CPE credits

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

PAID

Milwaukee, WI Permit No. 5845