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CPA Spring 2014

Technology Issue

Volume 56, Number 4

Technology Trends to Monitor in 2014 Risk Management Considerations Related to Marijuana Business Clients Commissions, Contingent, and Referral Fees – Can You Accept?

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CONTENTS

wa s h i n g t o n

CPA www.wscpa.org • memberservices@wscpa.org Tel (425) 644-4800 • Toll free in WA (800) 272-8273 Fax (425) 562-8853 902 140th Ave NE Bellevue, WA 98005-3480

BOARD OF DIRECTORS Glenn G. Wisegarver Chair Heather L. Fitzpatrick Vice Chair David J. Miniken Treasurer William A. Simer Secretary Mary D. Marino Immediate Past Chair Richard E. Jones President & CEO

Laurie J. Anderson Marinilka B. Kimbro Thomas G. Donaghy Lucy L. Liu Kirsten S. Duke Karissa A. Marker Dean A. Granholm Peter R. E. Miller Robert L. Grannum Sharon K. Philpott Waylon P. Jones Andrew L. Read CHAPTER BOARD CHAIRS Richard C. Meyer, Jr. Bellevue Area Alex R. King Central Molly Vander Woude Central — North Seattle Jack W. Curnow Northwest Kathryn A. Dixon Olympia — Peninsula — Pierce County Amanda J. Goodman Sammamish Valley Dora K. Leung Sammamish Valley Jeffrey A. May Seattle Rachel T. Sites Snohomish County Dani L. Espinda South King County John Vogel South Sound Industry Matthew E. Lee Southwest Lucas M. Zarecor Spokane — Wenatchee Kyle S. Meissner Yakima

Jeanette Kebede

Editor

The WashingtonCPA is published by the Washington Society of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA. The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Washington Society of Certified Public Accountants, its board of directors or staff. The WashingtonCPA (USPS 009754) is published four times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA. Periodicals postage paid at Bellevue, Washington and additional mailing offices.

Technology Issue 7

Technology Trends to Monitor in 2014

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Risks of Telecommuting

11 5 Ways Microsoft Office 365 Can Help Your Business 13 How a Cloud-based Accounting Solution is Creating Profitable New Business Opportunities for Accounting Firms 16 2014-2015 Board of Directors Nominees 21 Risk Management Considerations Related to Marijuana Business Clients 23 Accounting Treatment for Marijuana Business Clients 25 Commissions, Contingent, and Referral Fees – Can You Accept? 29 Washington CPA Foundation and CPAPAC: Thank You to Contributors Departments

Cover photo: © Jose Luis Pelaez Inc / Blend

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POSTMASTER: Send address changes to The WashingtonCPA, c/o WSCPA, 902 140th Avenue NE, Bellevue, WA 98005-3480.

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News Briefs

40 Conferences

CPE Digest

20 Advocacy

46

Registration Form

29 Foundation/CPAPAC

47

Classified Ads

34

Photo Album

35 Events

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Leadership lens

The Importance of Volunteers By Rich Jones, CPA, CGMA, President & CEO

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have observed an important trend in the accounting profession over the past decade, i.e. accounting firms providing opportunities for its employees and partners to participate in volunteer activities during working hours. This same phenomenon has occurred in other businesses, particularly larger ones, for many years, but it now seems to have caught on at accounting firms as well. At a recent meeting with a partner of a national accounting firm, I was told that the firm has a policy that allows its staff to devote up to twenty percent of their workweek to pro-bono projects or organizations that are supported by the firm. Many CPA firms and other businesses have adopted certain volunteerism projects or activities such as community service days, Adopt-aHighway project, Adopt-a-School program, etc.

causes they are passionate about (more than organizations) and they are experienced in using technology and social media to connect with others who share their passions. They grew up working on projects in a group setting and believe they accomplish more and also have more

A recent survey of college students who were being interviewed by professional service firms found that a key factor in how the students evaluated a firm was the extent to which the firm supported volunteerism in their workforce. Firms that actively supported volunteer activity by their professional staff members were consistently ranked higher than those that did not. In another study, employers reported that, when evaluating entrylevel candidates, they rank more highly those candidates who have had meaningful volunteer experience.

fun when they can work on something together with their friends. The perception that they are not joiners also appears to be inaccurate. They are not joiners in the traditional sense, but when you have an issue about which they are passionate, they will produce large numbers of volunteers, often in a short period of time through the use of technology.

A data point that was surprising to me was contained in the 2013 Millennial Impact Report (www.themillennialimpact.com). That data was that 73% of Millennials volunteered for a nonprofit in 2012. That certainly conflicts with the often-repeated perception of Millennials (persons born in the 1980s and 1990s) as being lazy, self-absorbed, and selfish people. The truth is that they support www.wscpa.org

CPAs are no strangers to volunteering; we have always been heavily invested in supporting the communities in which we live and work. It is really encouraging to see that the generations coming through the ranks also have a strong sense of the value and importance of volunteering.

Another approach to volunteering being developed within the accounting profession, along with many other industries, is known as Skill-Based Volunteering. Under this approach, an accountant can use his/her talents and professional competencies to directly support a nonprofit organization in their internal administration and organization. Services can range from setting up a chart of accounts, to assisting with website design or development of social media tools. By connecting a volunteer with the right skills to the right project, the organization is able to receive valuable pro bono services and

the volunteer is able a make a meaningful contribution to the organization. Additionally, the firm or company who made the volunteer available to perform these services benefits by an enhanced image in the marketplace and partners and staff who are proud of the contribution to the community being made possible by the firm. Our American economy could not prosper without the help of the hundreds of thousands of nonprofit organizations that provide services across the U.S. And virtually none of these nonprofit organizations could exist without volunteers. So volunteers are the fuel that keeps these organizations in existence and allows them to provide so many valuable services in our communities. On behalf of all of the members of the WSCPA, I would like to thank all of the volunteers who make this organization work. They include members who serve on our many committees and chapters, who serve on our Political Action Committee and as Trustees on the Washington CPA Foundation. Special thanks goes to those members who serve on our Chapter Boards of Directors and on the Board of Directors of the WSCPA. They all devote many hours of time and provide much guidance and insight into ways in which we can be more essential to the success of our members. CPAs are no strangers to volunteering; we have always been heavily invested in supporting the communities in which we live and work. It is really encouraging to see that the generations coming through the ranks also have a strong sense of the value and importance of volunteering. This bodes well for everyone. You can contact Rich at rjones@wscpa.org.

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Leadership lens

Who Trusts Us? By Glenn Wisegarver, CPA, CGMA, WSCPA Chair for 2013-14

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hat goes through the mind of a member of the public when he or she sees the title CPA? Competent? Trustworthy? Ethical? Honest? All four? Over the years, CPAs have been consistently ranked as one of the most trusted and respected professions according to polls from Harris, Gallup, and others – and deservedly so. A person possessing the coveted CPA endured countless accounting courses in college, gained valuable work experience, and achieved high standards on an arduous exam. After earning the license, CPAs must adhere to high ethical standards, continue professional education, and stay current regarding changing rules. Through hard work and high standards, CPAs have earned their place in the public trust. As such, the profession must be vigilant for situations in which trust may be eroded through the public’s confusion between professionals holding the CPA and others who lack rigorous professional requirements while providing services to the public. Earlier in February, the D.C. Circuit

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The public trusts CPAs. Through your membership, support,

Court of Appeals issued a ruling important to avoiding public confusion and sustaining the distinction of the CPA license in tax preparation matters. In the ruling, the court held that the IRS’s attempt to regulate unenrolled tax return preparers exceeded its authority under 31 U.S.C. Section 330. The IRS issued regulations in 2011 making unenrolled return preparers subject to Circular 230 and requiring them to pass a qualifying exam, pay an annual fee, and take 15 hours of continuing education courses each year. As a profession, the AICPA and state societies (including the WSCPA) held deep concerns that individuals advertising themselves as “Registered Tax Return Preparers” could confuse the public as being endorsed by the IRS, as well as create confusion regarding the differences between Registered Tax Return Preparers and CPAs providing tax return services. Since the IRS announced its intentions in 2010, your WSCPA representatives have closely supported AICPA advocacy efforts at the national level. Profession

and involvement you are certainly doing your part to uphold the trust of the public. leaders, staff, and members have joined with other organizations to lobby members of Congress, testify before Congress, and support legal efforts with the objective to protect the public from the impact of the IRS initiative. Situations such as the one noted above is why your membership in the WSCPA matters. Your membership, along with the membership of nearly 10,000 of your colleagues, creates a powerful voice for the profession.Through the WSCPA, your voice is heard in the halls of Olympia and Washington D.C. The public trusts CPAs. Through your membership, support, and involvement you are certainly doing your part to uphold the trust of the public. Thank you. You can contact Glenn Wisegarver at gwisegarver@gmail.com.

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cover story

Technology Trends to Monitor in 2014 By Thomas G. Stephens, Jr., CPA.CITP

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ow can you help your organization run more smoothly, efficiently, professionally, and (hopefully!) profitably in 2014? We have identified six technology trends that may help you to achieve these objectives. While not all of these technologies may be applicable to all organizations, the pervasiveness with which these tools, services, and devices are appearing leave no doubt that these are the technology trends you should monitor and capitalize on as appropriate in 2014.

Software Licensing is Changing

Cloud Collaboration is Real As

workforces

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grow

increasingly

© Jose Luis Pelaez Inc / Blend

In the past, most individuals and organizations did not spend much time at all considering how they licensed software. Rather, as needs arose, they simply purchased licenses of boxed software, such as Microsoft Office. While these options still exist and may be viable in many cases, for an increasing number of individuals and organizations, licensing software through monthly subscription plans provides not only more functionality, but it reduces costs. For example, companies seeking to acquire “traditional” licenses of Microsoft Office Professional Plus 2013 will pay over $500 (MSRP) for each license of the software. However, you can acquire the same software in an Office 365 subscription model for as little as $12 per user, per month. Further, when acquired through the Office 365 subscription model, you can install the software on up to five computers that you use, as opposed to one computer in the traditional model. As you seek to update/upgrade/replace your current software, inquire to see if your software publisher offers a subscription model and, if so, carefully weigh the merits of changing how you license your software.

mobile and as professionals continue to need to collaborate with others both internal and external to their organizations, using the cloud as a collaboration tool is gaining favor rather rapidly. In the past, team members would accomplish this by subscribing to individual accounts with services such as Dropbox, Box, SugarSync, and Google Drive. Although each of these services provides exceptional levels of functionality, challenges exist with respect to the ownership and security of organizational data stored in cloud services licensed by individuals. Accordingly, many organizations desiring to reap the benefits of cloud-based collaboration are turning to corporate-level services such as, SharePoint, AccountantsWorld, SkyDrive Pro, and ShareFile to use the cloud safely and securely as a mechanism for collaboration. By opting for corporate-level accounts,

you can stay in control and ownership of the data that you and your team may choose to store in the cloud, yet still receive all of the benefits of being able to collaborate with other users on critical documents. Further, storing critical documents in secure cloud-based services allows you to retrieve those documents from most, if not all, devices you use, including your desktop, laptop, tablet, and smartphone. The combination of these factors leads to increased organizational efficiency, productivity, and security and means that we cannot ignore the cloud as a collaboration vehicle.

Windows 8 is a Substantial Player for Businesses

Though shunned by some upon its initial release, Windows 8 and Windows 8.1 are really beginning to shine for many individuals and businesses. Designed as WashingtonCPA Spring 2014

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a “dual-personality” operating system, Windows 8/8.1 allows users to work the way that they want, either in touchscreen mode or classic mouse and keyboard mode – or both at the same time! Beyond user interface changes, you will likely find Windows 8/8.1 to be faster and more secure than prior versions of Windows. Coupled with innovative features such as Windows To Go, Picture Passwords, and the ability to search your computer and the Internet simultaneously, Microsoft’s latest release of Windows is one that you should not ignore in business environments, particularly if you are considering how to replace existing Windows XP computers in your organization.

Touchscreen Devices are Not Fads

Most accounting and financial professionals today carry a smartphone and/ or a tablet that includes a touchscreen; increasingly desktop and laptop computers offer touchscreens as options. If you use a touchscreen on your smartphone or tablet, why would you not want the same level of convenience to manipulate your desktop or laptop computer? Touchscreen devices – including desktop and laptop computers – are mainstream computing tools today and viewing them as fads may be robbing you and your team of substantial opportunities for increased productivity. For example, consider the restaurant industry. The next time you visit a restaurant, notice the prevalence of touchscreen-enabled point-of-sale terminals in these establishments. Even in these high-volume environments, touchscreen devices have proven their worth. Is it time that you consider touchscreens in your organization, particularly if Windows 8/8.1 is in your future?

It’s a Virtual World, After All

In today’s computing environment, we seek the best of all worlds – low cost, high-speed, secure, and easily administered computing. When we design our

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computing infrastructures such that we have multiple physical servers and desktops to maintain, we likely are not able to meet all of our desired objec-

As you consider your next computer, do not overlook the possibility that you might be able to obtain all of the computing power you need in a tablet device. This could be particularly true if you virtualize your desktop and all you need is a device that allows you to access it remotely over the Internet.

tives. However, if we begin to virtualize our infrastructures – in either the cloud or on-premise – the opportunities for achieving our objectives increase, as does the ability to increase the return on our investment in technology. Virtualization simply means that the “real” computing is being done on a computer other than the one we use to input and view data. Such a device could be a “thin client” connected to a virtual desktop in your office, or you could connect it to a virtual desktop hosted by a company such as IVDesk, Cloud9 Real Time, or Thomson Reuters. Likewise, we can choose to have our servers hosted by companies such as Rackspace, Amazon, or Dell. In a large percentage of cases, organizations find that not only do they save money when virtualizing some or their entire infrastructure, but the quality of their computing environment increases also.

Tablets are Growing Up and Ready for Business

iPad, Surface/Surface Pro 2, Nexus – these are just a few of the many tablet computers from which you can choose in today’s market. Tablets are rapidly catching up with their laptop cousins in terms of computing power. For example, you can now obtain a Surface Pro 2 from Microsoft with an Intel i5 processor, 8 GB of RAM, and a 512 GB hard drive running Windows 8.1 Pro – in either words, a full laptop computer in the form factor of a tablet computer weighing in at a paltry two pounds. As you consider your next computer, do not overlook the possibility that you might be able to obtain all of the computing power you need in a tablet device. This could be particularly true if you virtualize your desktop and all you need is a device that allows you to access it remotely over the Internet.

Summary

Every individual and every organization is different. As such, not all of the technologies described in this article will prove to be useful to all readers. However, you should keep a close eye on each of the items mentioned and carefully consider whether implementing one or more of these technologies this year will prove to be beneficial. We believe that you will find many of these technologies could help make 2014 a very good year. Thomas Stephens is a shareholder in K2 Enterprises, where he develops and presents continuing professional education programs to accounting, financial, and other business professionals across North America. You may contact him at tommy@ k2e.com.

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cover story

Risks of Telecommuting By Randy Johnston

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Many of you have invested in tablets, smartphones and of course portable computers to improve the productivity of your team members, professionals and firm. Have you protected

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undamental building blocks that all firms must have to mitigate risk include 1) firewalls, 2) spam control and 3) anti-virus protection. The bad news for 2014 is that each of these three major product classes doesn’t do as good or comprehensive job as they did last year or in many of the years before that.Why? The intruders and bad guys are getting more sophisticated at writing their code and creating effective attacks. Even the best of the firewall, spam and AV providers are now routinely letting more attacks, bad messages and malware through. Firewall vendors such as Cisco,WatchGuard and SonicWALL are the best options for protecting your firm today, and entry level versions of these products should be considered for use by telecommuters. Home vendors like DLink, Belkin and Linksys have no chance of protecting your firm, and little chance of protecting telecommuters. As more firms choose to use hosting companies as a public cloud strategy, and more firms allow telecommuting using private cloud technologies such as Citrix, Microsoft Remote Desktop Protocol (RDP, the former Terminal Services), GoToMyPC, LogMeIn Pro or other remote access products, you will need to manage the risks of the remote users and home environments. The best anti-virus products have been debated among technical suppliers and network administrators on a regular basis. Products that work well when used with CCH, Thomson and Intuit products include GFI Vipre, and McAfee. Products that tend to cause more issues include Symantec, Kaspersky, and Panda. It is still wise to use different anti-virus products on your desktop and server computers than you do on your firewalls. In prior times, we recommended a third different product for your servers, but this strategy is much harder for an IT team to execute properly today. Further, the

your firm properly by managing all of these mobile tools? end-point protection suites don’t seem to do a better job AND they run slower. One final note: with Windows 8, the built in Microsoft Security Essentials anti-virus isn’t perfect, but it may be “good enough,” which should reduce your need to license AV on every desktop.

Getting Mobility Right for Telecommuters

Many of you have invested in tablets, smartphones and of course portable computers to improve the productivity of your team members, professionals and firm. Have you protected your firm properly by managing all of these mobile tools? Our fundamental advice is to encrypt all mobile devices. Managing mobile devices properly is difficult. There are many technologies involved from 1) hosting software such as Citrix XenApp, Citrix XenDesktop or VMware View, to 2) wireless and cellular data connections, to 3) the devices themselves. If a computer is used on a team member’s home network, other users in the home can infect the team member’s machine and access to your office can be granted via these other home machines.

We recommend isolating telecommuter’s business computers from other home users using a hardware firewall. Finally, it is wise to have software that can manage all of your firm’s mobile resources. Remote workers must be savvier and understand how to use cellular data cards or shared cellular wireless access points (MIFI) or WIFI. Remote users frequently find that MIFI is not quick enough to provide satisfactory performance although this is improving with the new 4G coverage in the larger cities in Washington. Your firm should have control procedures for using wireless. Some firms do not allow the use of any public wireless, which is a reasonable safety position.Wireless access in most people’s homes is not secure enough to prevent unauthorized access, so you may want to consider a wired connection from homes mandatory. For your mobile devices, make sure that every device is encrypted. Further, for tablets and smartphones, make sure your IT team has required PIN codes or swipe codes required through Microsoft Active Directory. You do not want any user on a portable device without at WashingtonCPA Spring 2014

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least a PIN code. For portable computers, require user IDs and strong passwords. A more recent innovation is mobile management software to control and secure mobile devices. Products in this category include AirWatch, MobileIron, Good, MaaS and Level Platforms. These products control the software that can be installed, remotely update the devices and can wipe the device clean if it is lost or stolen. This ability to wipe a device is important for controlling risk for breach reporting law compliance or when someone leaves the firm. Another risk element to the firm is portable USB hard drives or thumb drives that are not encrypted. Consider purchasing drives that are encrypted fulltime like those made by IronKey, or simply enforce a policy for using Microsoft Bitlocker on all removable USB drives. For client and team member convenience, you may want to leave a small section of

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the USB drive that is not encrypted for temporary transfer of files. Alternatively, use your portal for transferring files, and continue to eliminate the use of USB drives.

Other Considerations

In this article, we have covered the big risk items for telecommuting: firewalls, spam, anti-virus, risk of using wireless, remote access, PIN codes, remote device control, management software as well as encryption. These are the highest risk items, and there are many other fine points in a comprehensive telecommuting plan and risk mitigation. For example, note that we did not talk about having a formal telecommuter policy, secure email, physical security of the computers including security locks, two factor authentication, phone/voice quality, video conferencing, web conferencing, intellectual property theft, password managers,

VPNs, Direct Access, intrusion detection tests or the need to keep all of this technology updated on a regular, almost daily basis. When telecommuting is done right, team members can work as effectively at home or at a client site as they do at the office. Speed and the use of multiple monitors should be comparable, too. The main things you give up are wasted time spent around the water cooler and on commuting. Randy Johnston and his K2 Team provide CPE courses through the State Society offices, in-house at your firm or via webinars. His NMGI team provides IT consulting services and recommendations to CPAs as a benefit of your membership and attending K2 events. You can contact him at Randy@k2e.com.

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cover story

5 Ways Microsoft Office 365 Can Help Your Business By Jamison West

1. Exchange Online

Exchange Server is Microsoft’s email server product. I built my business in part by supporting on-premises Exchange Servers for my clients, which can be standalone or implemented as a component of Microsoft’s Small Business Server, which is no longer available. I regularly refer to Exchange as Office 365’s “low hanging fruit.” Businesses have and need email, and moving that function to www.wscpa.org

a hosted provider is typically the most obvious technology to move to another provider. Over 90% of the folks we have helped implement Office 365 started with migrating email to Exchange Online. The migration path to get all your email data from either an on-premises Exchange Server or another hosted service to Office 365 can be a challenge, so

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s a Microsoft Partner of nearly 19 years, I have seen several shifts in the way small and medium sized businesses can utilize technology. In 1995 the use of email and websites were just beginning to catch on for many small businesses, and within a few short years became ubiquitous. Over the last few years we have witnessed another extraordinary shift in technology that can give smaller businesses a real edge. Yes, we are talking about “the cloud,” but I never did like that term. We have been using “the cloud” since we sent the first email. I prefer to talk about this shift in more pragmatic terms. At a simplified level, we are seeing a shift from companies budgeting a significant capital expense with implementing on-premises solutions, toward a monthly operational expense as they invest in hosting solutions through 3rd party providers. There are many advantages in doing so. You are able to utilize the same technologies accessible to the largest enterprises. You have scale and elasticity to immediately shift resources to meet your demands. You get to reap the reward of feature add-on’s and solution upgrades, without the headache of having to manage those upgrades internally. You have improved remote access and mobility. Finally, you have a fixed, predictable, recurring cost for these services that can be easily managed and tracked.

unless you have internal IT staff who are very familiar with the offering I highly recommend you find and work with a cloud certified Microsoft Partner. Once your data is migrated, however, the experience should be extremely similar for staff who are used to using Microsoft Outlook to manage their email, calendars, and contacts. You may require upgrades to Windows and Outlook if you are on older versions, but core functionality is very similar and recognizable for most.

2. Lync Online

Microsoft used to have two products named Office Communicator and LiveMeeting. Those products were combined several years ago into a product called Lync. Lync provides the ability to

collaborate with other people in real time. I have found that while few businesses, particularly the smaller ones, are extremely interested in Lync initially, they soon find themselves asking how they ever lived without it. It can truly change the culture of how your staff communicates and works with one another. A great thing about this service is that it can simply be purchased and turned on. There is nothing to migrate and very little to configure. End users need some training on this new product, but they become highly effective with it quickly. At the core of Lync, your staff can see presence – whether or not someone else is available at that moment. You can see a presence indicator across the other components of Office 365, including Exchange and SharePoint. You can instantly communicate with people via chat, voice and video. You can share applications or your entire desktop. You can have voice or video conference calls.You can present to prospects or clients. This represents a real shift in the way your staff communicates.

3. SharePoint

SharePoint is at its core an intranet website to share files and collaborate. It is designed for business use with security and management in mind. If you are with a small business and have tried SharePoint in the past you may have come to the conclusion that it wasn’t for you. It was difficult to configure and use, and felt like an enterprise solution.The latest revision of SharePoint Online in Office 365 is far simpler to use. Out of the box, with some basic thought and planning around file structure and day to day use, it’s possible for a small company to have a rich and sophisticated platform from which to share, store, and secure company data and resources. One of the most interesting features of SharePoint is called OneDrive for Business. This feature allows business WashingtonCPA Spring 2014

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Technology

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5. Office ProPlus

users to synchronize data from SharePoint to their individual devices. A very important point to interject here is that there is a significant difference between this solution and the consumer solutions such as DropBox, Google Drive, and OneDrive (formerly SkyDrive). Business class products such as OneDrive for Business match those features, but add critical business functionality like managed security, backup, and data retention for the business. I should note here that DropBox also has a business solution with centralized management, so if you stick with DropBox instead of Office 365, just make sure your business uses that version, not the consumer version many employees may have installed. With SharePoint and OneDrive for Business, the files belong to the business, not the individual. Permissions can be set much like you would on a file server, and if an employee is no longer with your company, the files don’t disappear with that individual. Microsoft very recently added OneDrive for Business as a standalone product as well, so you can utilize the OneDrive feature set without the full SharePoint implementation if you are only looking for file synchronization.

4.Yammer

Microsoft acquired a company called Yammer not too long ago and has done an incredible job of integrating the platform with Office 365. It is difficult to succinctly describe what the platform provides, but think of it as social media for your business. There are various ways to utilize

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Yammer in your business. I like to break down the ways I see the platform being used into two categories. First, if your organization has more than about 20 employees you have probably come up with some kind of policy about what kind of email just doesn’t belong in the “all staff” distribution group. For instance, although staff emails which share interesting personal items are great to build connections, those emails feel more like spam. Yammer is the place for shared social interaction, photos, links, etc. to live instead of email, and can be consumed how and when it makes sense. Also if you have more staff or are geographically separate from one another Yammer is an incredible way to build culture, give each other kudos, get to know each other personally a bit more. It is a fun platform to be used in a myriad of social ways. Second, there are extremely relevant business uses for the platform. You can create groups, perhaps by project or department, and have conversations, posts, etc. relevant to those groups.Those conversations live in Yammer. They can contain files, links, photos, comments, and more and they are searchable. Microsoft itself has done a wonderful job of creating Yammer groups for its partner and client base. Yammer is now the primary way I learn more about what’s coming from Microsoft.Yes, you picked up on that didn’t you? You can set up groups within Yammer and allow people outside your organization to interact. Subcontractors, clients, etc. can have a platform to interact in a controlled and secured fashion.

Everyone pretty well understands the traditional methods for purchasing Microsoft Office. You could buy the apps preinstalled on your computer, via retail from a store or online, or you could license them for your business through a partner. With Office 365 you now have the ability to simply subscribe to Office ProPlus, which is the Office suite as a downloadable application on up to five devices per user account (Office for Mac is included). There are two advantages to this subscription method. First, the cost is very low and there is no upfront cost to acquire the license. Second, the applications update, essentially like an app on your mobile phone or tablet. You don’t need a disk or a license key. Other key application providers are shifting to a very similar model. Adobe, for instance, is doing the same with its suite of applications.

Conclusion

I’ve often said that I’ve never seen a solution so easily sell itself. Office 365 provides such an enormous value at such a low monthly cost per user that the decision to shift to the solution makes sense for nearly all businesses.There are exceptions, but they are few. There are many cloud vendors providing similar feature sets to each of the items discussed above, but to have the best of these services all on the same platform with an extremely financially secure company with top notch datacenters makes me infinitely more comfortable with the fact little of my data resides on-premises any longer. You can learn more about the solution at www.microsoft.com/Office365 and I recommend that if you have concerns about security, uptime or compliance you take a look at www.TrustOffice365.com. Jamison West is the founder and CEO of Arterian, Inc.You can contact him at (206) 284-5927 or info@ arterian.com.

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cover story

How a Cloud-based Accounting Solution is Creating Profitable New Business Opportunities for Accounting Firms By Samantha Mansfield

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he move to accounting solutions in the Cloud has been steadily expanding over the last decade, and now virtually every major software provider in the industry has a cloud-based offering. Companies have been securing large investments to further this development, such as Intacct’s recent $45 million dollars in new funding. This move to the Cloud is causing dramatic changes to how the accounting profession interacts and supports business clients. Progressive firms are embracing this technology and successfully shifting client engagements from traditional, historical reporting-type services to real-time collaboration with clients in the Cloud. One of the more successful software providers in this space, with 13 years of experience developing a product entirely for the Cloud, is Intacct. Intacct is a complete financial management and accounting application that supports many transactional client accounting services, such as write-up, bookkeeping, A/P, A/R, and more. But, more importantly, Intacct is enabling the firms that use its cloudbased product to offer higher-value and significantly more profitable trusted business advisory and consultative services to their clients. CPA2Biz, the technology subsidiary of the AICPA, partnered with Intacct in 2009 to develop the accounting solution of choice for the profession: the Intacct Accountants Program. Through this special program, practitioners receive special pricing on the Intacct software. Through the Program, firms receive (along with the Intacct software) a wealth of tools and resources to aid them in implementing and growing their cloud-based client accounting services. Intacct tools and resources include dedicated onboarding www.wscpa.org

specialists to assist practitioners in setting up their initial client, live web-based certification training for the firms’ convenience, tools to sell and market the service and much more. The Intacct Accountant Edition available through CPA2Biz includes all the core modules a firm will need, including General Ledger, Accounts Payable, Accounts Receivable,

expert that many businesses are looking for today, Intacct provides tools and templates for many specialized vertical markets and industry niches. This broad flexibility has made it easier for firms to select and specialize in verticals that fit the skill sets and knowledge of their staff. As a result, firms using Intacct to build their cloud-based client accounting ser-

Intacct Dashboard

Cash Management, Order Entry, Purchasing, Employee Expenses, Standard Reporting, and real-time Dashboards. Dr.Geoffrey Moore,a world-renowned, high-tech strategist, change management expert, and acclaimed author of the classic book, Crossing the Chasm, describes today’s accounting services as “systems of engagement” as opposed to transaction reporting services. This means firms are able to offer collaboration with clients through interactive dashboards, custom KPI’s for industry verticals, highly customized reports and real-time access for relevant and timely decision-making. In addition, to help CPAs reinforce their role as the trusted business advisor and

vices practice have seen growing profit margins. In short, this cloud-based financial management solution is helping CPAs and their clients work smarter, faster, and more efficiently. Firms that have been using the Intacct program are reporting increased profitability, improved real-time collaboration with clients, improved data security, and a stronger CPA-client relationship. Finally, Intacct is extremely flexible and scalable, so it can grow with you as your firm adds new clients or expands into profitable new vertical niches. The program’s enhanced capabilities include powerful multi-entity, multi-dimensional general ledger and detailed GAAP WashingtonCPA Spring 2014

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Technology

Firms that have been using the Intacct program are reporting increased profitability, improved real-time collaboration with clients, improved data security, and a stronger CPA-client relationship.

reporting that allow CPA firms to do more robust and granular financial and operational reporting, analysis, and realtime planning for clients. So now you can deliver better reports tailored to the unique needs of individual clients in all industries and markets. In addition, Intacct is supported by a growing and flourishing third-party ecosystem of vendors and consultants, allowing you and your firm to create a complete workflow that fits the evolving needs of your clients. To learn more about the Intacct Accountants Program from CPA2Biz,

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visit www.cpa.com/ondemand, read case studies at www.cpa.com/casestudies.html on how firms are leveraging this technology to make a difference, or speak to a Strategic Account Manager at CPA2Biz (email inquire@cpa2biz.com or call 855855-5CPA). CPA2Biz Strategic Account Managers have tremendous experience working with accounting professionals in helping them transform their accounting businesses. In addition, CPA2Biz offers client accounting service workshops that cover pricing your services, redrafting engagement letters, working on a sales

presentation and more.These workshops have given practitioners a head start in revamping their business by learning from those that have successfully made the transition to the Cloud and are now sharing their knowledge and experiences, saving firms the time and effort of “reinventing the wheel.” Today’s cloud-based client accounting services are eclipsing the profit margins and growth of other services for many firms, and, with it, there is a growing demand for your expertise. Samantha Mansfield is Sr. Product Marketing Manager with CPA2Biz.You can contact her at samantha.mansfield@cpa2biz.com. CPA2Biz is a reseller of Intacct.

www.wscpa.org


news briefs

IT Directors Committee

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he IT Directors Committee meets 3-5 times a year, usually at the WSCPA office in Bellevue. Occasionally the committee will meet at a member’s office for “show and tell,” if they have installed a new technology and would like to share with the group. The committee works to facilitate an environment for information sharing between the members of the WSCPA. At each meeting the committee strives to do the following: • •

• •

Provide value to the committee membership; Assess and recommend technology services, processes, software and hardware that would be beneficial to members; Discuss the latest IT changes in an everchanging technologically advanced world; Seek innovative and creative opportunities in order to improve information technologies; Strive to make technology integrate seamlessly with your business; and Make technology an asset for your business, not a problem.

WSCPA depends upon the active participation of member companies and their employees for the committee’s success. If you are already a committee member, but haven’t been active, consider attending in 2014. If you aren’t a member, consider joining and learn how the IT Directors Committee might enhance your practice. To learn more contact memberservices@wscpa.org or call (425) 644-4800.

www.wscpa.org

WSCPA Membership Renewal

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hank you for your membership and continued support. Recently you should have received an email notice that it is time to renew your membership.We are excited to announce the WSCPA has a new website (see page 19) and renewing online is easier than ever. Please take a moment to renew your membership by June 1 to ensure uninterrupted access to your benefits. To Renew with Credit Card Go to www.wscpa.org > click MyWSCPA and login Click My Membership > click Renew

To View/Print Invoice & Pay by Check Go to www.wscpa.org > click MyWSCPA and login Click My Invoices > click Renew

Your website login is now your email address. Your password has not changed. To Renew by Phone Call (425) 644-4800 or (800) 272-8273 (toll-free in Washington)

Win a $300 Amazon Gift Card Renew now and you’ll be entered to win one of three $300 Amazon gift cards. Renew by April 30 for three chances, by May 15 for two chances, or by June 1 for one chance in the final drawing. If you have questions about your membership, please contact Jennifer Ayoub, Member Services Coordinator, at jayoub@wscpa.org or (425) 586-1142. Are you on leave or unemployed? Give us a call to see if you qualify for a reduced rate. WashingtonCPA Spring 2014

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Board of Directors

2014-2015 Board of Directors Nominees

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he Board of Directors is pleased to present for your review nominees for the Society’s 2014-15 Board of Directors.

In accordance with Article VI of the bylaws, all nominees will be declared elected by the secretary at the annual meeting unless other nominations, supported by at least one percent of membership, are received by April 1, 2014. If a contest for one or more positions develops, an election for those positions will be held at the meeting.

William A. Simer, CPA Position

Vice Chair

Term

1 year; automatically becomes chair 2015-16

Board service

Positions

Board service

WashingtonCPA Spring 2014

Lucy L. Liu, CPA

Treasurer (1-year term)

Position

Secretary

Director (3-year term)

Term

1 year

Since 2011

Board service

Since 2009

Since 2012

William Simer, CPA, is a shareholder in the Spokane-based firm of McDirmid, Mikkelsen & Secrest, P.S. With more than 35 years of experience in both public accounting and industry, Bill has held key leadership positions in many community organizations, including Greater Spokane Incorporated, the Spokane Symphony, and the Fox Theater. He currently chairs the Eastern Washington University Foundation and serves on the board of the Inland Northwest Community Foundation. A member of the AICPA, Bill earned a B.A. in Professional Accounting from Eastern Washington University. Bill and his wife, Reneé Rolando, live in Spokane.

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David J. Miniken, CPA

Dave Miniken, CPA, CGMA, is a member of the management team at Sweeney Conrad, where he serves as the Director of Sweeney Conrad’s audit and accounting practice. Dave has 20 years of experience providing all phases of audit and financial accounting advisory services to a wide range of industries and to a diverse group of privately-held businesses and their owners. Dave has served in leadership positions with a number of civic organizations, including the Bellevue Downtown Association, Bellevue Rotary, and the Bellevue Schools Foundation. Dave and his wife, Leslie, live in Issaquah with their two daughters.

Lucy Liu, CPA, is an Assistant Director of Bellevue Utilities, where she leads the Resource Management and Customer Service Division. She is also a former Tax Division Manager for the City of Bellevue where she administered the city’s business taxes and licenses. Lucy has over 20 years of managerial and financial based experience. Prior to joining the City of Bellevue, Lucy worked at a national accounting firm in its state and local tax practice specializing in Washington Business & Occupation and sales and use taxes. She is also a former revenue auditor for the Washington State Department of Revenue where she audited businesses for compliance with state taxes. A graduate of the University of Washington, she lives with her husband and two daughters in Bellevue. www.wscpa.org


Board of directors

Meet the Incoming Chair: Heather L. Fitzpatrick, CPA

Robert L. Heller, JD, LLM

Amanda V. O’Rourke, CPA

Position

Director

Position

Director

Term

3 years

Term

3 years

Robert Heller is a tax shareholder at Clark Nuber and is the leader of the firm’s state and local tax practice. Bob has been practicing in the area of state and local tax for over 25 years. Prior to joining Clark Nuber, Bob was the state and local tax practice leader in Ernst & Young’s Seattle office. He has also served as the Senior Assistant Director for Tax Policy at the Washington Department of Revenue and practiced law. Bob earned an undergraduate degree in economics from Boise State University and law degrees from the University of Idaho and New York University. Bob and his wife live in Edmonds.They have a teenage daughter and adult son.

www.wscpa.org

Amanda O’Rourke, CPA and partner at Greenwood Ohlund, is a nonprofit finance specialist who assists a range of organizations with their finance and accounting needs, including audit and attest services, tax preparation and financial reporting. She earned her BA degree in Accountancy from the University of San Diego and a certificate in Nonprofit Management from the University of Washington. She currently serves as Chair of the board of The Seafair Foundation. Amanda lives with her husband, daughter, dog and goldfish in Ballard, just two miles from her office.

Heather L. Fitzpatrick, CPA, is the President and CEO of MarketFitz, Inc, a management consulting firm focused on helping clients deliver measurably improved financial returns on market-facing investments. WhilexMarketFitz serves clients in a variety of industries, Heather’s practice focuses on marketing strategy for professional service, not-for-profit, healthcare and other organizations offering intangible benefits to their target audiences. Passionate about both client and community service, Fitzpatrick has served on a number of boards,xincludingxthexWashington CPA Foundation Board of Trustees, which she chaired from 2009 to 2011, and the WSCPA Board. She lives with her husband, Brad, and their two children in Edmonds.

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Board of Directors

Remaining on the Board The following members currently serve on the board and will serve on the 2014-15 Board in the following positions: Chair: Heather L. Fitzpatrick, CPA

Immediate Past Chair: Glenn G. Wisegarver, CPA, CGMA

Abby M. Sanders, CPA

Joseph P. Smith, CPA

Position

Director

Position

Director

Term

3 years

Term

3 years

Abby Sanders, CPA, CFE, is a partner with Petersen CPAs and Advisors, PLLC in Yakima, where she specializes in providing consulting, tax compliance, audit and other financial statement services to non-profit and other governmentally funded organizations. Abby regularly performs engagement and peer reviews, and is the chair of the WSCPA Peer Review Engagement RAB. Abby also teaches non-profit accounting and auditing as an adjunct faculty member at a local university, and serves on the Board of the Yakima Symphony Orchestra.

Joseph Smith, CPA, is the Associate Vice President for Finance at Gonzaga University. Prior to joining Gonzaga, Joe was a Senior Manager in the audit practice of KPMG LLP in Seattle. Joe began his public accounting career with Arthur Andersen LLP. He is an Adjunct Professor of accounting at Gonzaga’s School of Business Administration, and also serves as a board member for Catholic Housing Communities (a division of Catholic Charities of Spokane) and RiteCare of Washington. Joe is a graduate of Gonzaga University and Palomar College.

President & CEO: Richard E. Jones, CPA, CGMA

Directors: Laurie J. Anderson, CPA Thomas G. Donaghy, CPA Kirsten S. Duke, CPA Lucy L. Liu, CPA Dean A. Granholm, CPA, CGMA Robert L. Grannum, CPA Marinilka B. Kimbro, PhD Andrew L. Read, CPA

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WashingtonCPA Spring 2014

www.wscpa.org


news briefs

Welcome to the New WSCPA.org

The Society recently launched a new website, which features a fresh new design. The easy-to-navigate site will allow you to: •

• • • • •

PLEASE Note:

Your login is now your email address. Your password has not changed.

Join the conversation! LinkedIn

Connect with fellow members, and participate in discussions at www.wscpa.org/linkedin www.wscpa.org

Quickly learn what’s happening, access upcoming events, and read the latest news and updates from the homepage; Easily manage your CPE, membership renewal, even download invoices all from your MyWSCPA profile page; Find out how to get involved and become a volunteer in the CPA Community section; Explore a new Become a CPA section designed for aspiring CPAs; Access the site from your tablet and mobile devices; and Find member resources, including Job Board, Find a CPA referral service, and Member Directory.

Login at www.wscpa.org and take a look around! We’re continuing to make improvements to the site and welcome your feedback. If you need assistance logging in or navigating the site, please give us a call at (425) 644-4800.

Are you a member of the WSCPA group on LinkedIn? Join the conversation today! Plus, follow WSCPA news and find event photos on Facebook and Twitter.You may have missed the following discussions, news and posts:

Facebook

Like the WSCPA on Facebook WashingtonCPAs

Twitter

Follow the WSCPA on Twitter @wscpa

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advocacy

On the Lookout

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s a parent, I used to get concerned when I didn’t hear anything and my child was around. Many times I was right to worry. As a CPA you are probably concerned about changes in regulations that would affect how you do business. I would also guess that you rarely hear about proposed bills unless you are actively involved and interested in the legislative process. As a member of the WSCPA, you have someone watching out and worrying for you. This was a “quiet” year in our state legislature. That does not mean that bills were not proposed, but due to a short session and contentious budget debates, many bills simply died. Along with the WSCPA, the AICPA also monitors bills around key issues that pop up and re-pop up in multiple states. There are over 300 issues for which they were monitoring legislation. Here is a list of the hot issues that showed up in multiple states this session. This year we had only a couple of these in our state, however, we have seen almost every single topic within the last few years. Some we expect to see again. Accountancy Boards – Bills modifying the structure and operation of state boards of accountancy. Legislation in this area includes efforts to consolidate state boards. Also included are measures related to the composition of state boards, board fees, and general board operations. Auditor Rotation – Legislation mandating auditor rotation. Limiting the number of consecutive years in which a particular public accounting firm serves as the auditor for a specific entity is a major policy issue at several levels of government. CPA Exam – Bills containing measures that threaten or impact the integrity of the exam process.

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WashingtonCPA Spring 2014

© Veer.com/chrisboswell

By Kimberly Scott, CAE

CPA Licensure – Legislation impacting licensure requirements for CPAs that may change substantial equivalency. Definition of Attest – Legislation expanding the definition of attest. Firm Ownership – Legislation modifying firm ownership requirements. Legal Liability/Whistleblower – Legislation pertaining to privacy, statute of limitations, proportionate liability, appeal bond caps, and whistleblower protections. Military Licensing – Legislation promoting the application of military experience towards CPA licensing requirements and allowing military spouses to transfer their licenses more easily across state lines. Patent Infringement – Legislation aimed at stopping “patent assertion entities.” Peer Review – Legislation creating or modifying state peer review requirements. Private Investigators – Bills creating an exemption for CPAs in state private investigator laws. State Tax Tribunals – Legislation proposing state tax tribunals as a way to resolve state tax appeal disputes, prior to litigation, between taxpayers and state departments of revenue. These laws should ensure that all CPAs authorized to practice in the state are able to represent taxpayers before the tribunal. Tax on Accounting Services – Bills creating a tax on professional services as a means to increase revenue flow or as part of a larger tax reform program. At the federal level the WSCPA weighed in on a couple topics as well. Two key topics were around the cash basis of accounting and the mobile work-

force (concerning people working in multiple states and the myriad of income tax concerns it currently causes). Cash Basis of Accounting – There is proposed legislation that would eliminate exceptions that currently exist for all natural persons, certain passthrough entities (i.e., partnerships and S corporations), farmers, and personal service corporations, and would require them to change to the accrual method of accounting if their average gross receipts exceed $10 million. Mobile Workforce – Legislation called the Mobile Workforce State Income Tax Simplification Act would establish a 30-day threshold and additional fair, administrable and uniform rules to help ensure that the appropriate amount of tax is paid to state and local jurisdictions without placing undue burdens on employees and their employers. This was my first legislative session, and I am grateful it was a short session. In our state thousands of bills were proposed. I can only imagine what next year’s long session has in store.We scan all proposed legislation for items that may affect the CPA profession in our state. Those that stand out are reviewed by volunteers and staff. Our members who volunteer in this area are invaluable and we could always use a few more sets of eyes. If you are interested in being a part of this team, please let me know! There are many different types of opportunities. Kimberly Scott, CAE, is WSCPA Vice President of Member Services. You can contact her at kscott@wscpa.org.

www.wscpa.org


marijuana industry

Risk Management Considerations Related to Marijuana Business Clients By Anthony Cooper, J.D., M.B.T., and Randy Werner, J.D., LL.M./Tax, CPA

W

ith the approval of Initiative Measure No. 502 in November 2012, the state of Washington embarked on what the measure calls “a new approach.” The intent of the new law, as stated in its text, is that it: (1) Allows law enforcement resources to be focused on violent and property crimes; (2) Generates new state and local tax revenue for education, health care, research, and substance abuse prevention; and (3) Takes marijuana out of the hands of illegal drug organizations and brings it under a tightly regulated, state-licensed system similar to that for controlling hard alcohol. The measure authorizes the state liquor control board to regulate and tax marijuana for persons 21 years of age and older, and to add a new threshold for driving under the influence of marijuana.1

Legal/Regulatory Update

Washington and Colorado are the only states so far to have legalized marijuana for non-medical, adult use, though 20 states, and the District of Columbia, have some form of legalized marijuana for medical, adult use, according to the National Conference of State Legislatures (NCSL).2 The states of Hawaii, Illinois, Massachusetts and New Hampshire have passed forms of medical marijuana statutory language in the past few years, joining the states of Alaska, Arizona, California, Colorado, Connecticut, Delaware, Maine, Michigan, Montana, Nevada, New Jersey, New Mexico, Oregon, Rhode Island,Vermont, and Washington with their own versions. However, marijuana is still considered an illegal substance as defined by the federal Controlled Substances Act (“CSA”), and federal law preempts state law. This is true whether or not marijuana is www.wscpa.org

prescribed as part of a treatment regimen by a licensed physician. On August 29, 2013, the U.S. Department of Justice released a memorandum on “Guidance Regarding Marijuana Enforcement,”3 updating its guidance from 2009

Your firm’s client screening and

retention policies should clarify and address your firm’s risk tolerance for providing services to marijuana business clients. A “mismatch” in client/firm fit can spell trouble and possibly expose your firm to reputational damage, disputes and even possible lawsuits.

and 2011. The guidance states in part that while marijuana remains illegal federally, the department expects states such as Colorado and Washington to create “strong and effective regulatory and enforcement systems … with a tightly regulated market….” The guidance also states, “If state enforcement efforts are not sufficiently robust … the federal government may seek to challenge the regulatory structure itself in addition to continuing to bring individual enforcement actions, including criminal prosecutions ….” The federal government may prosecute marijuana businesses that the government believes are not operating strictly within the statutes of state law. The Obama Administration issued guidance for banks on Feb. 14, 2014,4 and reiterated the “eight priority factors” cited earlier by the Department of Justice: •

Preventing distribution to minors.

• •

• • •

Preventing revenue from marijuana sales from funding criminal enterprises. Preventing legal marijuana from being transported over state lines to where it’s not legal. Ensuring that state-sanctioned marijuana businesses aren’t fronts for illegal activity. Keeping guns and violence out of the legal marijuana supply chain. Preventing drugged driving. Avoiding growing marijuana on public lands. Keeping marijuana off of federal property.

An enforcement priority of the Department of Justice, for example, is in preventing the distribution of marijuana to minors. If there is evidence that an entity is in violation of state law by operating too close to a school, playground, child care center, or library, the department may move to close the entity, resulting in news reports in the media. According to Congressional Research Service in a report summary on “State Legalization of Recreational Marijuana: Selected Legal Issues,” dated Jan. 13, 2014: Under the Supremacy Clause, state laws that conflict with federal law are generally preempted and therefore void and without effect.Yet Congress intended that the CSA would not displace all state laws associated with controlled substances, as it wanted to preserve a role for the states in regulating controlled substances. States thus remain free to pass laws relating to marijuana, or any other controlled substance, so long as they do not create a “positive conflict” with federal law, such that the two laws “cannot consistently stand together.”5 Entities engaged in growing, supplying, WashingtonCPA Spring 2014

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marijuana industry

distributing and selling marijuana will no doubt be seeking professional assistance related to tax preparation, accounting, attest, and/or financial services. Before accepting such an engagement, though, CPAs should carefully consider whether the prospective client would be a good fit for their firm.

Is This a Client the Firm Would Like to Have?

A variety of factors needs to be considered in answering this question, ranging from the client’s reputation and integrity to its commitment to appropriate accounting practices and to internal controls. Analyze the risks posed by the client by “thinking backwards through time,” a process that helps to promote a better analysis and review of relationships with new and continuing clients. In these analyses and reviews, you project the adverse situations that could develop in the future while representing the client. You then decide what, if any, decisions or choices can be made now to mitigate the potential damages to your firm in the event of such adverse developments. For example, spend time to evaluate and think about any potential damage to your firm’s reputation by being associated with a marijuana business client. What if the client becomes the target of a federal investigation or prosecution, and the association between the client and the firm

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becomes public? Would your potential or existing clients view this association in a negative light? Federal investigation can come from several different agencies, including the federal Drug Enforcement Administration, the Department of Justice, and the Internal Revenue Service. If this occurs, your firm may be subpoenaed for documents and/or depositions for testimonies.

More Questions

Given that the accountant-client privilege is limited and does not cover information obtained in providing tax compliance services, have you thought ahead about what your firm would do if a client discloses something to you that could damage the client if revealed to a regulatory body? What can you do, or should you do, to mitigate the potential exposures to your firm if that were to occur? For example, you may want to clearly define in your engagement letter the limitations of the accountant-client privilege, as well as to specify the conditions under which you will need to fully disclose information to regulatory and/or legal bodies. It may also be beneficial to include billing policies in your engagement letters and clarify that clients would be responsible for your fees and reasonable copy charges if subpoenas or depositions are forthcoming. The business implications of rendering services to marijuana business clients are

significant aspects to your client screening assessment. Remember, there are highrisk clients and high-risk engagements. Some CPAs rank their clients according to how cooperative, knowledgeable, reasonable, difficult, or time-consuming they are. Engagements can be ranked as well by the complexity of the work. Don’t forget, though, to also include the “reputational” implications to your firm. Generally, difficult clients with complex work pose the highest risk to the CPA firm from a technical perspective, but clients that could pose significant harm to your firm’s reputation are also of great risk from a business perspective. Other considerations are addressed in “An Issue Brief on State Marijuana Laws and the CPA Profession,” published on May 16, 2013 by the American Institute of CPAs with input from the Washington and Colorado state societies of CPAs.6

Summary

A CPA firm presented with opportunities to take on marijuana business clients should consider the following client screening measures: •

Situational proficiency: What are your firm’s skills and experience relative to professional standards, the complexity of your clients’ businesses, and the types of services you are asked

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marijuana industry

• •

to provide? Proficiency addresses the fit between the CPA firm and the situation, not just the technical aspects. Discuss your firm’s potential legal ramifications with the firm’s attorney. Discuss any illegal activities with those charged with governance of the client, and contemporaneously memorialize those discussions in writing.

In summary, your firm’s client screening and retention policies should clarify and address your firm’s risk tolerance for providing services to marijuana business clients. Clearly, a “mismatch” in client/firm fit can spell trouble and possibly expose your firm to reputational damage, disputes and even possible lawsuits. For additional information on addressing the professional standards for providing CPA services to marijuana business clients, please refer to the article, “Accounting Treatment for Marijuana Businesses.”

Accounting Treatment for Marijuana Business Clients By Duncan B.Will, CPA/ABV/CFF, CFE

E

ven though certain marijuanarelated business activities are currently legal under Washington state law, marijuana is still considered an illegal substance under federal law. Consequently, the accounting treatment for entities engaged in such activities requires special consideration. Illegal acts are addressed by AU-C 250 (SAS No. 122) and AR 80 and AR 90 (SSARS No. 19). Professional standards do not preclude issuing a “clean” report on financial statements of an illegal venture as long as there is no scope limitation and the financial statements have the appropriate disclosures. Transparency in financial reporting is the best approach from GAAS, SSARS, financial reporting framework (e.g., U.S. GAAP) and risk management perspectives. The following are my suggestions for a CPA firm faced with this client issue: • •

Anthony Cooper is a tax specialist with CAMICO (www.camico.com), responsible for providing CAMICO’s policyholders with information regarding corporate income, gift, and estate tax issues. Randy Werner is a loss prevention executive with CAMICO (www.camico.com). She responds to CAMICO loss prevention hotline inquiries and speaks to CPA groups on various topics.

Discuss the potential legal ramifications to the firm with the firm’s attorney. Discuss the illegal activities with those charged with governance of the client, and contemporaneously memorialize those discussions in writing. Be certain that the financial statements appropriately disclose any related party interest, the nature of the relationship, the marijuana business, that the state considers this activity to be legal, that the U.S. federal government considers the

Professional standards do not preclude issuing a “clean” report on financial statements of an illegal venture as long as there is no scope limitation and the financial statements have the appropriate disclosures.

activity to be illegal, and note that the federal government’s current policy is not to target marijuana distributors unless they violate both federal and state laws. The financial statements should also include a contingency footnote describing the illegal activity and the potential consequences to the client if the activity occurred during the year. Obtain a representation letter from the client describing the activities and the client’s estimates (if any) of the potential consequences. It is management’s obligation to estimate the potential consequences of this association/business, and the CPA’s responsibility to assess the reasonableness of those representations.

Initiative Measure No. 502, http://sos.wa.gov/_assets/elections/initiatives/i502.pdf

1

The NCSL webpage of state marijuana laws, www.ncsl.org/research/health/state-medical-marijuana-laws.aspx

2

U.S. Department of Justice memorandum of Aug. 29, 2013, www.justice.gov/iso/opa/resources/3052013829132756857467.pdf

3

Valerie Bauman, “Feds issue more guidance on marijuana banking, but legality remains unclear,” Puget Sound Business Journal, Feb. 14, 2014, www.bizjournals.com/ seattle/blog/2014/02/feds-issue-more-guidance-on-marijuana.html

4

The Congressional Research Service report, www.fas.org/sgp/crs/misc/R43034.pdf

5 6

An Issue Brief on State Marijuana Laws and the CPA Profession, http://www.aicpa.org/Advocacy/State/Documents/MarijuanaCPAsIssueBrief_05162013.pdf

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marijuana industry

Be certain that the financial statements appropriately disclose ... the marijuana business, that the state considers this activity to be legal, that the U.S. federal government considers the activity to be illegal, and note that the federal government’s current policy is not to target marijuana distributors unless they violate both federal and state laws.

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The representation letter should document the basis for the financial statement reporting of this matter. Add an emphasis of matter (EOM) paragraph to the auditor/accountant’s report to draw attention to the situation. If the client does not have an

WashingtonCPA Spring 2014

estimate of the potential consequences, that fact should be noted in the EOM paragraph. Disengage if the client refuses to provide either the representations requested or the financial statement presentation proposed by the CPA.

Note that the financial reporting treatment is not impacted by the level of service (audit, review, compilation). The financial reporting presentation would be the same regardless of the level of service, as the financial statement presentation is a financial reporting framework issue. SSARS permit compiled financial statements that omit substantially all disclosures. However, to highlight the situation, I would strongly encourage practitioners compiling financial statements that omit substantially all disclosures to add an EOM paragraph to their compilation reports, add the disclosures described above, and label the disclosure “Selected Information — Substantially All Disclosures Required by Generally Accepted Accounting Principles Are

Not Included,” as required by the SSARS for compilations when some, but not all disclosures, are present. The above suggested disclosures would add clarity and reduce the potential risk to the CPA firm of a third party later alleging the CPA conspired with the client in producing misleading financial statements that harmed the third party by not disclosing this activity. For additional information on addressing risk management considerations, please refer to “Risk Management Considerations Related to Marijuana Business Clients.” Duncan B.Will, CPA/ ABV/CFF, CFE, is loss prevention manager, accounting & auditing specialist, with CAMICO (www. camico.com). Mr.Will leverages his more than 30 years of experience in accounting, including public accounting, forensic accounting, consulting, and audit and tax compliance, when working closely with the CAMICO policyholders.

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professional conduct

Commissions, Contingent, and Referral Fees – Can You Accept? By Ryan Bartlett, CPA

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www.wscpa.org

CPAs must follow very specific guidelines when accepting commissions or referral fees. Failure to follow all of the rules can get you in hot water.

the party for whom the CPA is providing these services, in the following manner: 1. 2. 3.

4.

Disclose the arrangement in writing and in advance of client acceptance; Disclose the method of calculating the fee or amount of fee; Specify the licensee’s, CPAInactive certificate holder’s, or nonlicensee firm owner’s role as the client’s advisor; and Obtain the client’s consent to the fee arrangement in writing.

These rules shouldn’t prevent licensees from purchasing, selling, or merging a licensed firm or require them to disclose the terms or payments made received pursuant to the purchase, sale, or merger. It’s also important to take into consideration where you are doing business. At a minimum, Rule 503 of the AICPA Code of Professional Conduct (commissions and referral fees) must be followed. State laws may or may not be more restrictive. The applicable Washington state law (Washington Administrative Code 4-30-044) is nearly identical to that of the AICPA’s Rule 503. Therefore, if you are a licensed CPA in Washington state and following the guidance in Rule 503, you should be in the clear.

© Veer.com/Fancy Photography

he conversation starts casually – you and an attorney friend of yours are discussing business, and you begin exploring ideas as to how you can work more closely with one another. The attorney mentions a great idea that will benefit both of you an arrangement where you refer clients to one another, whereby you receive a five percent commission for each referral. It seems like a win-win situation, right? You’ll be helping a friend, while also receiving a commission for each client you find and send his or her way. This arrangement may not create a problem for the attorney, but it may for you, a licensed CPA. Very specific steps must be followed in order to avoid an ethical dilemma. When contemplating a commission or referral fee arrangement, the first thing to consider is what services you are providing to your current or prospective client. If you’re a licensed CPA issuing a compilation report (when the report doesn’t disclose a lack of independence), or if you are providing any other professional services where a report expressing assurance will be issued, you can’t accept commissions or referral fees, as this would impair your independence. Licensees are also prohibited from accepting contingent fees for any of these services as well. CPAs also cannot prepare an original or amended tax return or prepare a claim for a tax refund for a contingent fee. It’s important to note that fees aren’t considered contingent if they’re fixed by courts or other public authorities, or, in tax matters, if the fees are determined based on the results of judicial proceedings or the findings of governmental agencies. Any CPA licensed in the State of Washington who is not prohibited from receiving commissions, referral or contingent fees who decides to accept these fees must disclose the fee arrangement to

If you are uncertain how these rules may apply to you, do not hesitate to contact the WSCPA Professional Conduct Committee to discuss the facts and circumstances of your situation. Most CPAs are concerned with being independent in both fact and appearance, and therefore it may be prudent to avoid referral fee or commission-based arrangements altogether. If you have any questions, you can contact the Professional Conduct Committee through Julie Phipps, WSCPA Manager of Practice Quality, at jphipps@wscpa.org or (425) 586-1132. Ryan Bartlett, CPA, is A&A Senior Manager at Bader Martin, PS in Seattle. Chair of the Professional Conduct Committee, Ryan has been a member of the committee since 2010. You can contact him at rbartlett@badermartin.com.

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InInMemoriam Memoriam The WSCPA holds in memory with families and the larger community, these members who have recently passed on:

Virginia Evelyn Anderson, CPA Roger W. Billings, CPA Daniel R. McKernan, CPA Evelyn N. St. Clair, CPA, Herbert B. Swanson, CPA

Johnson & Shute, P.S., Certified Public Accountants/Consultants is pleased to announce that Matthew Grajczyk, CPA has been promoted to manager.

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WashingtonCPA Spring 2014

www.wscpa.org


specialty credentials

How a Few Little Letters Can Change Your Career

Unlock the Possibilities

The AICPA offers the only creden-

www.wscpa.org

© istockphoto.com/ridofranz

W

hen there are hundreds of thousands of CPAs at work in public accounting, business and industry, government, academia and consulting, how can you stand out in such a crowded profession? Many CPAs do this by leveraging the rapid growth of advisory services. By offering specialized knowledge to your clients or employer, you’re positioned to be more competitive in the marketplace and are able to differentiate yourself from others in the field. And that translates into increased compensation and career advancement opportunities. Firms, as a whole, are finding that offering more services can increase their bottom line. When you move beyond compliance work to more future-oriented, value-added work, you are able to do more for your clients, serving them in new ways. Organizations with credentialed professionals realize increased profit margins through the management of risk, improved controls, process and workflow improvements and faster decision-making through simulations and data analytics. The fact is, value-added services are not just a trend, and they are not going away. Of Accounting Today’s Top 100 Niche Services, business valuation consistently has ranked in the top five for the past 15 years. Also, an IBISWorld 2012 report projects that forensic accounting will grow at a rate four times that of the U.S. accounting profession through 2017. Financial planning follows closely at a growth rate that is double that of the accounting profession. According to the Robert Half 2014 Salary Guide, the need for financial professionals with technology experience is rising, given the complexities of systems and tools, and emerging technologies.

ABV

Accredited in Business Valuation

CITP

Certified Information Technology Professional

tials built on the CPA foundation of competency, objectivity and integrity. The credentials are: Certified in Financial Forensics (CFF®), Personal Financial Specialist (PFS™), Accredited in Business Valuation (ABV™) and Certified Information Technology Professional (CITP®). According to [name], CEO of [State Society name], “CPAs who are looking to move up in their career, add greater value in the workplace and take advantage of the recent growth of advisory services within the accounting profession should pursue a credential after their CPA.” Want further evidence that a credential can be an effective career boost? First, 66% of CPAs say holding an AICPA credential in advisory services makes a difference in receiving job offers.* What’s more, the average salary for CPAs who hold these credentials is 15% greater than CPAs without a specialty credential.*

CFF

Certified in Financial Forensics

PFS

Personal Financial Specialist

Credentials for All Areas of Interest

Forensic accounting has become one of the fastest growing specialty practice areas for the U.S. CPAs who want to demonstrate their knowledge, skills and experience in the forensic accounting area are pursuing the CFF credential. It encompasses fundamental and specialized forensic accounting skills that you can apply in a variety of service areas, including bankruptcy and insolvency, computer forensic analysis, family law, valuations, economic damages calculations, and fraud prevention, detection and response. In addition, the CFF credential sets you apart as an expert witness in the courtroom. The PFS credential showcases a CPA’s expertise in personal financial planning. This credential is an excellent next step for CPAs seeking to expand or diversify a WashingtonCPA Spring 2014

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specialty credentials

Exam Requirement

Education Requirement

CFF

Pass the CFF Examination

1,000 hours of business experience in forensic accounting within the 5-year period preceding the date of the CFF application

75 hours of forensic accounting continuing professional education (CPE) within the 5-year period preceding the date of the CFF application

PFS

Pass one of three comprehensive exams: Personal Financial Specialist (CPA/PFS), Certified Financial Planner® (CFP) or Chartered Financial Consultant (ChFC)

3,000 hours of personal financial planning experience within the 5-year period preceding the date of the PFS application; up to 1,000 hours of tax compliance experience can count toward the total experience requirement

75 hours of personal financial planning CPE within the 5-year period preceding the date of the PFS application

ABV

Pass the ABV Examination (this is waived for Accredited Members and Accredited Senior Appraisers of the American Society of Appraisers)

Either 6 business valuation engagements or 75 hours of valuation CPE within the 150 hours of business valuation experience 5-year period preceding the date of the ABV application within the 5-year period preceding the date of the ABV application

CITP

Pass the CITP Examination

1,000 hours of business experience in information management and technology assurance within the 5-year period preceding the date of the CITP application

tax-focused practice.Your comprehensive knowledge in financial planning and tax enable you to bring a holistic approach to your clients’ financial needs, whether advising in retirement, estate, tax, risk management and/or investment planning. Two major factors are driving up the demand for CPA financial planners. First, given the complexities of ATRA and the new net investment income tax that will impact every area of financial planning, clients are looking for the objective guidance that CPAs provide. Secondly, large numbers of boomers are heading into retirement and seeking advisers to help them plan accordingly to avoid outliving their financial resources. The ABV credential is ideal for CPAs who want to enter this in-demand area by positioning themselves as a premier business valuation service provider who goes beyond the core service of reaching a conclusion of value to creating value for clients through the strategic application of this analysis. The rise in demand for business valuation experts and firms that offer this service has been fueled by a rapid increase in merger and acquisition activity, gifting

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Business Experience Requirement

WashingtonCPA Spring 2014

and estate transfers, and the Small Business Administration’s requirement for independent business valuations on loan regulations. Other valuation services include valuing a business due to transfer of ownership, divorce settlement, fair value accounting, ESOP valuations, economic damage calculations, and expert witness or litigation support. CPAs who have considerable expertise in information management and technology assurance should seek the CITP credential. CPAs who have earned the CITP credential are recognized for their unique ability to provide technologyrelated assurance and business insight by leveraging knowledge of information, data relationships and supporting technologies. This credential spans a broad base of knowledge — from IT assurance, IT risk management and security, and privacy to analytics and emerging technologies. CITP credential holders are helping their clients or organization improve operations, ensure financial data integrity, determine risks associated with financial reporting, and prevent and detect fraud.

75 hours of information management and technology assurance CPE within the 5-year period preceding the date of the CITP application

A Closer Look at the Requirements

In addition to holding a valid and unrevoked CPA license or certificate issued by a legally constituted state authority, being an AICPA member in good standing and signing a Declaration of Intent to comply with the requirements of credential recertification, each candidate must also meet the requirements in the table above.

AICPA Resources

No matter which credential you pursue, the AICPA supports you every step of the way by providing everything from exam prep materials to exclusive tools and technical resources that will help you, as a credential holder, maintain the highest level of competency in delivering advisory services. When you’re ready to take your career to the next level with an AICPA credential, visit www. aicpa.org/credentials.

www.wscpa.org


Thank You for Your Support of Washington CPA Foundation and CPAPAC Washington CPA Foundation

CPAPAC

Your generous support of the Washington CPA Foundation allows us to continue with our core mission of raising funds to support deserving Washington based accounting students and programs. Since June 1, 2013, the Foundation provided over $15,000 in grants for financial education programs to non-profits within the state and awarded 20 scholarships totalling $59,000 to aspiring CPAs.

Thanks to the many contributions from WSCPA members, the CPAPAC continues to provide feedback to lawmakers on issues that affect our profession, as well as educate legislators on the crucial role that CPAs play in our economy. We also strive to ensure that the Washington State Board of Accountancy has the ability to stay independent and effective. Advocacy doesn’t cost. It pays.

Foundation Circle Contributors Named Scholarship Contributors Bill Wells Accounting Scholarship* Wells Fargo Accounting Scholarship Moss Adams Accounting Scholarship Sambataro Family Foundation EY Accounting Scholarship KPMG Accounting Scholarship Clark Nuber Accounting Scholarship

PwC Accounting Scholarship TrueBlue Accounting Scholarship Pucci Family Accounting Scholarship* George J. Waterman Memorial Scholarship Northwest Accounting Educators Roy J. Polley Memorial Scholarship

Contribution of at least $3,000 toward a named scholarship to be awarded the next academic year. * Foundation Board Members

** Foundation Grants or Scholarship Committee members

Jessica E. Andrews, CPA* Pat L. Bohan, CPA, CGFM, CGMA**

Foundation Contributor Level

Contribution

Named Scholarship Contributor Chairman’s Circle Senior Executives Circle Executives Circle Leaders Circle Senior Contributor Supporting Contributor

$3,000+ $2,500+ $1,000-$2,499 $500 -$999 $250 - $499 $100 - $249 $50 - $99

Chairman’s Circle Richard E. Jones, CPA, CGMA

Executives Circle Weldon T. Burton, CPA Richard D. Greaves, CPA* Scott E. Eschbach, CPA Brett J. Jordan, CPA* Goldman Sachs & Co Lucy L. Liu, CPA

Senior Executives Circle James R. Ladd, CPA, CGMA

Donald W. Luby, CPA** Susan L. Thomson-Sines, CPA*

Leaders Circle Rodney W. Ashby, CPA Jolene G. Cox, CPA Thomas G. Donaghy, CPA Heather L. Fitzpatrick, CPA Dean A. Granholm, CPA, CGMA Robert L. Grannum, CPA Michelle H. Gretsch, CPA* Christopher W. Hesse, CPA

Mark A. Hugh, CPA Wendy F. Jones, CPA, CIA, CMA, CFE* Glenn M. Light Mary D. Marino, CPA, CGMA, MBA Karissa A. Marker, CPA Peter R. Miller, CPA, CFE Nerelys M. Ortiz, CPA** Sharon K. Philpott, CPA

Ronald G. Rauch, CPA Kimberly D. Scott, CAE* William A. Simer, CPA Glenn G. Wisegarver, CPA, CGMA David J. Miniken, CPA, CGMA, MBA Julleen J. Snyder, CPA, CGMA* Robert M. Cole Jr, CPA, CGMA, MA* Lucas Zarecor, CPA, MA*

Learn more about the Foundation and CPAPAC at www.wscpa.org (search for “Foundation” or “CPAPAC”). Contributions to the Washington CPA Foundation and CPAPAC may be made at any time during the year, or when you renew your Society membership every spring. www.wscpa.org WashingtonCPA Spring 2014

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Thank You to Contributors to the Foundation and CPAPAC

Thank you

The following individuals and organizations donated to the Washington CPA Foundation or CPAPAC from January 2013-March 2014.

Foundation Contributors Senior Contributors Erica M. Ash, CPA, MBA Donald F. Aubrey, CPA Sidney H. Boles, CPA Devon R. Campbell, CPA Sesinando N. Cantor, CPA, MBA, CGMA Bonnie L. Curran, CPA Alan L. Erlenbush, CPA Charles Hallett IV, CPA, CGMA Michael J. Kander, CPA, CIA Kristin L. Knopf, CPA, MBA, MPAcc Judy A. Love, MS Sandra J. Moss, CPA Daniel B. Myers-Power, CPA Ronald J. Perkins, CPA Molly M. Philopant Aymeric Prieur, CPA Supporting Contributors Carmen J. Aguiar, CPA, CFP, PFS Abdullah E. Al-Kandari, MPA Leonard L. Almo, MBA Michael R. Ammerman, CPA Laurie J. Anderson, CPA David M. Anderson, CPA Gordon P. Asheim, CPA Kim M. Atwater, CPA Bill Bailey John P. Baker, CPA Marc G. Bateman, CPA Michael L. Bayless, CPA, JD Gary W. Beil Marcia K. Bennison, CPA Robert C. Best, CPA, JD Carol J. Bezy, CPA, MBA, CVA, CFFA Diane Bingaman, CPA Irene B. Birdsall, CPA Bruce E. Bixler Gregg Blodgett Bradley S. Bogar, MBA Jeffrey J. Bogdanovich, CPA, PFS Gaylon D. Boley, CPA Bruce G. Bollert, CPA, CGMA Adele B. Bolson, CPA Brady W. Borel Robert J. Bowls, CPA Robert S. Boyd, CPA Franz Von Bradsky, MBA Paul W. Brandstetter, CPA William H. Bratton, CPA

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Margaret E. Brennan, MBA Shirley K. Brockmann, CPA Gunnar Brokhaug, CPA Brian R. Bronk, CPA David A. Brown John R. Brown, CPA Christine B. Brunner, CPA Melinda A. Buckley, CPA Bruce P. Budge, CPA Bradford N. Buskirk, CPA Mary Elise Cadera, CPA Linda M. Canney Curt Carlson Maria T. Carrion-Ochoa, CPA, CGMA Edward T. Carson, CPA Rebecca A. Cates, CPA Dominique M. Chaboya, CPA Douglas B. Chandler, CPA Amanda Y. Chang, CPA, MSTax Jordan Chester, CPA Sylvia C. Chew, CPA Marc D. Christianson, CPA Steven M. Clancy, CPA, CRISC Jerry L. Clark, CPA Robin A. Clark, CPA Roger F. Clark, CPA James E. Coates, CPA Alton R. Cogert, CPA, CFA,CAIA,CGMA R D. Collier, CPA Daniel C. Collins Russell W. Coney, CPA Brian R. Coombs, CPA Elizabeth F. Copstead, CPA Jeffrey M. Cordova, CPA Deborah A. Corrington, CPA, PFS David D. Cottler Tiffany R. Couch, CPA, CFF, CFE Jennifer M. Cox, CPA Marci Flanery, CPA, PhD Gordon R. Craig, CPA, CIA, CISA, CFE Jay F. Cramer Michael R. Cross, CPA Victor R. Cross, CPA John E. Currie Stephen G. Dashiell, CPA Fawnette F. Davis Jacqueline D. Davis, CPA Joseph P. Deacon, CPA Brenda L. Dean, CPA, CIA Chad W. Denton Matthew E. DesVoigne, CPA Carol E. Didier, CPA Michelle R. Diers, CPA David L. Dierst, CPA

WashingtonCPA Spring 2014

Kimberly K. Dodd, CPA Eva M. Donahoo, CPA Michael Donley, CPA, CIA Deanne Donovan, CPA David A. Dorn, CPA James A. Dugan, CPA Kirsten S. Duke, CPA Teresa I. Dul, CPA, MBA Thomas N. Durrett, CPA Charles J. Dyer, CPA, MBA, CGMA Scott C. Eastham, CPA Thomas J. Eby, MBA Phillip T. Eggers, CPA Kim E. Etlicher, CPA M C. Evans-Wenzel, RDH Charlotte R. Fairfield, CPA Karla J. Farina, CPA Randy A. Farrell, CPA Joan C. Faubion, CPA Leon F. Ficker, CPA Daniel W. Fisher, CGMA Paul J. Fleury, CPA Joseph R. Forde, CPA Norman H. Frey James H. Gall, CPA, MBA Steven C. Garber, CPA Steven P. Garrett, CPA Chris A. Gates, CPA, CITP, CGMA Kathleen M. Gatton, CPA, CGMA Thomas M. Gay, MSTax Robert L. Gerth Dr Norman J. Gierlasinski, CPA, DBA, Susan Gill Richard N. Ginnis, CPA Christopher W. Goetz, CPA Bert R. Golla, CPA Brian G. Gosline, CPA, JD Kent A. Gray Bonnie L. Green, CPA Linda M. Greenly, MBA Harumi K. Guiberson Clarence G. Guimond Jr, CPA, CMA, CFM Ariff A. Gulamani, CPA, CA, BA Vaughn S. Hagen, CPA Steven M. Hamilton, CPA Rex H. Harder, CPA Michael P. Hart, CPA, MPAc Michael D. Haveman, CPA Alicia M. Heggerness, CPA M. S. Heidema, CPA Glenn L. Helms, CPA, PhD, CIA, CISA Patrick S. Herrin, CPA

John R. Hodder, CPA Shyh-Ing Hong, CPA William D. Hood, CPA Steven J. Hopp Loren D. Hostek, CPA John O. Hoverson Barbara T. Huang Steven D. Huebner, CPA Dixie A. Hughson, CPA Charles D. Huibregtse, CPA Daniel R. Humphrey D S. Hunt, CPA Michael K. Hutchinson, CPA Hitoshi Inoue, CPA Cindy L. Isaacson, CPA Kenji Ito, CPA Wendy S. Jacobson, CPA Margaret B. Jenkins, CPA Natalia S. Jernegan, CPA Ernest R. Johnson Ronald A. Johnson, CPA, MBA D. M. Jones Waylon P. Jones, CPA, CFE, CFF, CGMA Gregg D. Jordshaugen, CPA Deborah J. Juntunen, CPA Arthur Y. Kageyama Osamu Kasuya Raad T. Kattula, CPA Jo A. Kelly, CPA Sandra C. Kemp, CPA Marinilka B. Kimbro, PhD Eisuke Kimura, CPA Katsunori Kitamura, CPA Celeste C. Klein, CPA John P. Koenes, CPA Jeffrey R. Kolcum, CPA Karl J. Korsmo Glenn E. Kosai Jocelyn P. Krabbenschmidt, CPA Vildana Kunduklija, CPA Stroud W. Kunkle, CPA Frank J. Kuntz, CPA, PS Evelyn M. LaFond Irene R. Laible, CPA Antonio M. Laliberte, JD Nancy M. Lalic, CPA, CFE, CITP, CGM Gordon W. Lamb, CPA Sherri P. Lannom, CPA, CBM Neil E. Larson, CPA, MSTax, PFS Dr Margie N. LaShaw, CPA Tiffany M. Lawrence Marvin P. Leaf, CPA Wai-Fong T. Lee, CPA, CFP Lucy L. Liu, CPA

Luellen H. Lockwood, CPA, MBA, EA Deborah M. Loober, CPA Barbara L. Lopez, CPA, CGFM Mark E. Luthi, CPA Richard C. Lyga, CPA John F. Lynch, CPA John S. Macdonald, CPA Joyce I. Mahlum Towle, CPA, CEA Anthony T. Mai Michael J. Mansfield, CPA Peter S. Margitan Charlotte W. Maris, CPA Carrie A. Martin Connie M. Martin, CPA John P. Marvin Elizabeth Masnari, CPA, CISA William H. McAleer Lillian L. McDonell, CPA, MBA Donald W. McHargue James W. McKean, CPA Donald L. McKenzie Jr Tim McNees Michael D. Meeks, CPA, MBA Sue E. Middaugh, CPA Arthur D. Miles, CPA Ann C. Miller, CPA, MBA Steven G. Miller, CPA Louis H. Mills, CPA Donald W. Mitchell Bruce I. Mitchell, CPA, MBA Patricia G. Molnar, CPA Robert M. Monson, CPA Charles E. Morgan, CPA Thomas Moser, CPA Michael A. Munger, CPA Ryan L. Munn, CPA Alisa S. Na, CPA Kenshi Nagayoshi, CPA Bea L. Nahon, CPA, CGMA Judith E. Nakatsu, CPA, MBA Stephanie M. Neis, MBA, CPA Todd G. Nelson David S. Nelson, CPA, CTRS Kaye J. Nelson, CPA Kristine T. Nelson, CPA, MPACC Michelle B. Nelson, CPA Raquel R. Nelson, CPA Daniel Neuharth, CPA Brian M. Newhouse, CPA, CISA Nolan A. Newman, CPA, CA Thomas P. Nicholas, CPA Hiroko Nihongi Gregory S. Nunn, CPA Aldryth N. O’Hara, CPA Terence V. O’Keefe Susan F. O’Neill, CPA

www.wscpa.org


“I hope that I can one day be in all of your shoes and give recognition to aspiring CPAs like myself who are excited about the accounting profession.”

k u! William Chandler, 2013 scholarship recipient

Joanne L. Ort, CPA, MPAcc Katsuhiko Otaki Richard N. Pahre, CPA Stephen Patterson, CPA Rhoda M. Pawlak Michael S. Peasley, MSTax, CGMA Hwan J. Perreault, CPA Jack B. Person, CPA Scott T. Petersen, CPA Michael J. Plymale, CPA William H. Porter, CPA Andrew L. Read, CPA Robert J. Rebar, CPA Margo Reich, CPA Stephen D. Reichenbach Penny F. Ridderbusch, CPA Christopher J. Rieke, CPA, CFP James J. Rigos, CPA, JD, LLM, CMA, Rachel M. Robert, CPA Donald L. Rodman, CPA, MBA Sheila A. Roe, CPA Harvey J. Rothschild III, CPA, MBA** Robert W. Rubel, CPA Brian J. Rundle, CPA James L. Russell, CPA Craig S. Ruthford, CPA Ronald D. Sabado, CPA, CMA Dr Debra L. Sanders, CPA Susan J. Sanders, CPA John P. Sandstrom Thomas P. Sawatzki, CPA Jeffery S. Schilling, CPA David R. Schultz, CPA David G. Schureman, CPA Timothy J. Searing, CPA Martin F. Seiler, CPA Charlene H. Severin, CPA Harold G. Shapiro, CPA Christopher A. Sherfey, MBA Robert E. Sherwood, MBA, CGFM Jay T. Shilhanek, CPA Janis H. Simpson, CPA Brian W. Smith, CPA Orphalee Smith, CPA, PFS Russell J. Smith, CPA Amy C. Smith, CPA Wakeya Smith Douglas D. Springer, CPA, PFS Cathy L. St John, CPA William M. Stanke Donald L. Starr, CPA Gary A. Stecher, CPA Donald W. Stetson, CPA Rebecca Stevens, CPA George W. Stewart, CPA Peter J. Stirling, CPA

www.wscpa.org

Darren J. Szendre, CPA Manu K. Talwar, CPA Roger T. Tanabe, CPA David F. Teeny, CPA Lenin Thomas, CPA Harold G. Thompson Jr, CPA Terry M. Thompson, CPA Susan L. Thomson-Sines, CPA Catherine B. Thruelsen Ronald L. Tilden, CPA Carolyn C. Trinh, CPA Kathleen L. Trumbauer, CPA Mark E. Ulloa, CPA Robert A. Underhill, CPA, JD John M. Urrutia, CPA, MSTax Jeffrey M. van Burkleo, MSTax Susanne W.Vickerman, CPA, MSTax Thomas J.Virgin, CPA, MBA Richard A.Volk, CPA Judith L. Waddell, CPA Carol L. Wagar, CPA, CCPS Dorothy R. Wagsholm, CPA Robert W. Wales Donald B. Walter, CPA, MBA Catherine B. Wandell, CPA Hiroshi Watanabe, CPA Warren J. Werbe, CPA, LLB, LLM Michael J. Wernz, CPA Leo L. Werre, CPA W. T. White, CPA H. T. Wick Elizabeth J. Widdison Bradley R. Wilkins Leone M. Williams, CPA, MBA Lisa S. Wilson Timothy K. Wissner, CPA Regina M. Wood, CPA, MBA Virgil B. Woodfield, CPA Allison M. Wright Justin K.Yamamoto, CPA Josh Yeyni, CPA, PS Aileen G. Zacarias, CPA Stephen J. Zevenbergen, CPA Jianyou Zhou, CPA

View all scholarship recipients at www.wscpa.org/foundation

CPAPAC Contributors Firms Moss Adams LLP (Seattle)

Johnson & Shutes PS Hagen Kurth Permand & Co

Sweeney Conrad PS Peterson Sullivan LLP

Carmen J. Aguiar, CPA, CFP, PFS Gregory C. Alwood, CPA Michael R. Ammerman, CPA Laurie J. Anderson, CPA Gordon P. Asheim, CPA Richard F. Askew Kim M. Atwater, CPA Paul M. Bailey, CPA John P. Baker, CPA Kevin Baldwin Catherine A. Banks, CPA Kelly D. Barber, CPA, MSTax Steven B. Bass, CPA Marc G. Bateman, CPA Michael L. Bayless, CPA, JD Gregory M. Beams, CPA Marcia K. Bennison, CPA Michael P. Bentley, CPA Robert C. Best, CPA, JD Carol J. Bezy, CPA, MBA, CVA, CFFA Diane Bingaman, CPA David M. Bishop, CPA Steven B. Bishop, CPA, CVA, CFF John P. Bjorkman, CPA Jeffrey J. Bogdanovich, CPA, PFS Pat L. Bohan, CPA, CGFM, CGMA Sidney H. Boles, CPA Adele B. Bolson, CPA Brady W. Borel Susan Borgman, CPA Daniel L. Boyd, CPA Robert S. Boyd, CPA Paul W. Brandstetter, CPA William H. Bratton, CPA Cynthia L. Brown David A. Brown John R. Brown, CPA Christine B. Brunner, CPA Bruce P. Budge, CPA Ronald L. Bueing, CPA, JD Kelly M. Burke, CPA Michael J. Bursiek, CPA Weldon T. Burton, CPA Bradford N. Buskirk, CPA Mary Elise Cadera, CPA Terry J. Campbell, CPA, MST

Linda M. Canney Sesinando N. Cantor, CPA, MBA, CGMA Curt Carlson Edward T. Carson, CPA Rebecca A. Cates, CPA Dominique M. Chaboya, CPA Tarun Chadha Douglas B. Chandler, CPA Amanda Y. Chang, CPA, MSTax Sylvia C. Chew, CPA Marc D. Christianson, CPA Jennifer C. Civitts, CPA Steven M. Clancy, CPA, CRISC Robin A. Clark, CPA John J. Clements, CPA Kenneth L. Clenin, CPA James E. Coates, CPA David E. Cochran, CPA Robert M. Cole Jr, CPA, CGMA, MA David P. Collier, CPA R D. Collier, CPA Daniel C. Collins Russell W. Coney, CPA Ralph A. Conner, CPA Douglas P. Cook, CPA, MSTax Brian R. Coombs, CPA Deborah A. Corrington, CPA, PFS David D. Cottler Tiffany R. Couch, CPA, CFF, CFE Jennifer M. Cox, CPA Jolene G. Cox, CPA Gordon R. Craig, CPA, CIA, CISA, CFE Jay F. Cramer Michael R. Cross, CPA Jocelyn K. Cunningham, CPA, CFP, MBA, John E. Currie Vicky M. Dalton, CPA, CGFM Stephen G. Dashiell, CPA Chris A. Davies, CPA, CMA Charles R. Davis, CPA Fawnette F. Davis Donald G. De Santis, CPA, CFP Joseph P. Deacon, CPA Brenda L. Dean, CPA, CIA

Wesley L. Delaney, CPA Chad W. Denton Michele L. Deysine, CPA Nitesh D. Dhanjani Mary E. Dickinson, CPA Carol E. Didier, CPA Michelle R. Diers, CPA Scott J. Dietzen, CPA Steven V. Ditzler, CPA Kimberly K. Dodd, CPA Thomas G. Donaghy, CPA Michael Donley, CPA, CIA Deanne Donovan, CPA David A. Dorn, CPA Dennis L. Duban James A. Dugan, CPA Kirsten S. Duke, CPA Phillip T. Eggers, CPA David A. Elmenhurst, CPA Scott E. Eschbach, CPA Charlotte R. Fairfield, CPA Joan C. Faubion, CPA Michael H. Ferguson, CPA, CMA Leon F. Ficker, CPA Daniel W. Fisher, CGMA John T. Fisher, CPA, CGFM Heather L. Fitzpatrick, CPA Rick R. Foster, CPA Daniel Frein, CPA Rodney K. Fujita, CPA James H. Gall, CPA, MBA Steven C. Garber, CPA Steven P. Garrett, CPA Chris A. Gates, CPA, CITP, CGMA Kathleen M. Gatton, CPA, CGMA Thomas M. Gay, MSTax Erling D. Gebers, CPA Robert L. Gerth Dr Norman J. Gierlasinski, CPA, DBA, Michael J. Gillespie, CPA, MBA Richard N. Ginnis, CPA Eleanor E. Gittelman, CPA Christopher W. Goetz, CPA Bert R. Golla, CPA Brian G. Gosline, CPA, JD Edward J. Grabowy, CPA

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Learn more about CPAPAC and WSCPA Advocacy efforts at www.wscpa.org/advocacy

CPAPAC Contributors Donald W. Gracia, CPA, MSTax Rick H. Graham, CPA William J. Graham, CPA Dean A. Granholm, CPA, CGMA Robert L. Grannum, CPA Alan L. Gray, CPA Kent A. Gray Richard D. Greaves, CPA Bonnie L. Green, CPA Matthew L. Green-Hite, CPA, MBA Linda M. Greenly, MBA Suzanne R. Greer Michelle H. Gretsch, CPA Celia L. Griffin, CPA, CDFA Ariff A. Gulamani, CPA, CA, BA B H. Gunn, CPA Vaughn S. Hagen, CPA Mark T. Hanson, CPA Marcella M. Harper, CPA Michael P. Hart, CPA, MPAc Michael D. Haveman, CPA M S. Heidema, CPA Teresa A. Herrin, CPA Christopher W. Hesse, CPA R D. Hice, CPA John R. Hodder, CPA William D. Hood, CPA Steven J. Hopp Navzer R. Hormazdi, CPA, MT, MSTax Loren D. Hostek, CPA John O. Hoverson Steven D. Huebner, CPA Mark A. Hugh, CPA Christopher J. Hugo, CPA, MS D S. Hunt, CPA Michael K. Hutchinson, CPA Hitoshi Inoue, CPA Cindy L. Isaacson, CPA Kenji Ito, CPA D M. Jones Nancy A. Jones, CPA Richard E. Jones, CPA, CGMA Waylon P. Jones, CPA, CFE, CFF, CGMA Brett J. Jordan, CPA Gregg D. Jordshaugen, CPA Mary E. Joyce, CPA Arthur Y. Kageyama Osamu Kasuya Kelly A. Keller, CPA Michael S. Kelley, CPA, JD, LLM Sandra C. Kemp, CPA

Robert B. Kemper, CPA Kenneth P. Kester, CPA, CGMA James W. Keyes, CPA Arnie Y. Kim, CPA, MBA Herbert S. Kim, CPA Marinilka B. Kimbro, PhD Katsunori Kitamura, CPA Celeste C. Klein, CPA John P. Koenes, CPA Karl J. Korsmo Jocelyn P. Krabbenschmidt, CPA Stroud W. Kunkle, CPA Frank J. Kuntz, CPA, PS James R. Ladd, CPA, CGMA Irene R. Laible, CPA Antonio M. Laliberte, JD Nancy M. Lalic, CPA, CFE, CITP, CGM Gordon W. Lamb, CPA Oren M. Lang-Furr, CPA Sherri P. Lannom, CPA, CBM Neil E. Larson, CPA, MSTax, PFS Dr Margie N. LaShaw, CPA Tiffany M. Lawrence Marvin P. Leaf, CPA Jeff E. Leary, CPA, CFP Kwang M. Lee, CPA David R. Lemon, CPA Robert L. Levine, CPA, PFS Gary W. Lien, CPA, MSTax Samuel H. Lim, CPA Lucy L. Liu, CPA Robert B. Loe, CPA, MBA, CFE Dennis C. Loman, CPA Mark T. Long, CPA, MSTax Deborah M. Loober, CPA Barbara L. Lopez, CPA, CGFM Mark E. Luthi, CPA Richard C. Lyga, CPA John F. Lynch, CPA John S. Macdonald, CPA Carl A. Mackleit, CPA Anthony T. Mai Mary D. Marino, CPA, CGMA, MBA Charlotte W. Maris, CPA Karissa A. Marker, CPA Elizabeth Masnari, CPA, CISA June C. Mason, CPA Mark R. Mathewson, CPA Andrew J. McDirmid, CPA James K. McDirmid, CPA Lillian L. McDonell, CPA, MBA Robert P. McKinley, CPA Tim McNees Sue E. Middaugh, CPA

Chris D. Mikkelsen, CPA Arthur D. Miles, CPA Chad C. Miller, CPA Peter R. Miller, CPA, CFE Heather J. Mills, CPA Louis H. Mills, CPA David J. Miniken, CPA, CGMA, MBA Bruce I. Mitchell, CPA, MBA Donald W. Mitchell Robert L. Moline, CPA Charles E. Morgan, CPA Mark J. Morrissette, CPA Matthew S. Moser, CPA, PFS, MST Gary E. Mueller, CPA Randy M. Multack, CPA Michael A. Munger, CPA D P. Murray Jr Alisa S. Na, CPA Bea L. Nahon, CPA, CGMA Paul G. Neiffer, CPA Stephanie M. Neis, MBA, CPA David S. Nelson, CPA, CTRS Heather M. Nelson, CPA Michelle B. Nelson, CPA Raquel R. Nelson, CPA Todd G. Nelson Daniel Neuharth, CPA Thomas P. Nicholas, CPA Daniel M. Niles, CPA Gregory S. Nunn, CPA Thomas M. O’Brien, CPA Sean O’Driscoll Terence V. O’Keefe Joanne L. Ort, CPA, MPAcc Katsuhiko Otaki Richard N. Pahre, CPA Michael A. Passeck, CPA Stephen Patterson, CPA Rhoda M. Pawlak John E. Pendergast, CPA Jack B. Person, CPA Scott T. Petersen, CPA Sharon K. Philpott, CPA Michael J. Plymale, CPA William H. Porter, CPA Patrick Pugh Susan B. Queary, CPA Edward L. Raisl, CPA Andrew L. Read, CPA Robert J. Rebar, CPA Harley B. Reckord, CPA Margo Reich, CPA Lonnie L. Rich, CPA Christopher J. Rieke, CPA, CFP

James J. Rigos, CPA, JD, LLM, CMA, Frederick M. Robinson, JD, LLM Donald L. Rodman, CPA, MBA Robert W. Rubel, CPA Brian J. Rundle, CPA Matthew A. Rundorff, CPA James L. Russell, CPA Susan J. Sanders, CPA John P. Sandstrom Thomas P. Sawatzki, CPA James D. Schafer, CPA, MS Jeffery S. Schilling, CPA Alicia R. Schmidt, CPA Keith A. Schmidt, CPA Daniel J. Schroeder, CPA Kenneth E. Secrest, CPA Martin F. Seiler, CPA Jacqueline M. Selvar, CPA Charlene H. Severin, CPA Harold G. Shapiro, CPA John W. Shea Robert E. Sherwood, MBA, CGFM Jay T. Shilhanek, CPA Brian C. Shull, CPA William A. Simer, CPA Janis H. Simpson, CPA Tina L. Skidmore, CPA Amy C. Smith, CPA Brian W. Smith, CPA Daniel C. Smith, CPA Kathleen K. Smith, CPA Orphalee Smith, CPA, PFS Wakeya Smith Walter R. Smith, CPA Terry D. Sodders, CPA Stephen Sommerville, CPA, CA Douglas D. Springer, CPA, PFS William M. Stanke Donald L. Starr, CPA Sidney J. Starr, CPA, CFF, DABFA Donald W. Stetson, CPA Rebecca Stevens, CPA George W. Stewart, CPA David A. Stiefel, CPA, PFS Matthew J. Stover, CPA Scot A. Studebaker, CPA Darren J. Szendre, CPA Roger T. Tanabe, CPA Timothy W. Tasker, CPA David F. Teeny, CPA Lenin Thomas, CPA David E. Thompson, CPA, CVA, ABV, CDF Harold G. Thompson Jr, CPA Terry M. Thompson, CPA

David A. Thomsen, CPA Susan L. Thomson-Sines, CPA Christian Tinder Kenneth L. Tracy, CPA Carolyn C. Trinh, CPA David E. Trujillo, CPA Don A. Tucker, CPA Mark E. Ulloa, CPA Robert A. Underhill, CPA, JD John M. Urrutia, CPA, MSTax Jeffrey M. van Burkleo, MSTax William Van Oostrum, CPA Susanne W.Vickerman, CPA, MSTax Richard A.Volk, CPA Judith L. Waddell, CPA Carol L. Wagar, CPA, CCPS Dorothy R. Wagsholm, CPA Robert W. Wales Donald B. Walter, CPA, MBA Wayne F. Walther Hiroshi Watanabe, CPA Randy L. Wells, CPA, CGMA Anne Welsh Warren J. Werbe, CPA, LLB, LLM Michael J. Wernz, CPA Leo L. Werre, CPA Bradley V. White, CPA W T. White, CPA Elizabeth J. Widdison Sandra A. Wight, CPA Bradley R. Wilkins Leone M. Williams, CPA, MBA Lisa S. Wilson Glenn G. Wisegarver, CPA, CGMA Timothy K. Wissner, CPA Carol A. Woo, CPA Virgil B. Woodfield, CPA Shari A. Wood-Richardson, CPA Cheryl K. Woods, CPA Robert R. Wright, CPA Justin K.Yamamoto, CPA Aileen G. Zacarias, CPA Dominic J. Zamora, CPA, JD AIFA Stephen J. Zevenbergen, CPA Lawrence R. Zommick, CPA

Thank you! 32

WashingtonCPA Spring 2014

www.wscpa.org


“A bad day on the course is better than a good day at the office.”

Golf Tournament Monday, June 16, 2014 1 p.m. Shotgun Only $120/person, includes golf, lunch, dinner, drinks, cart, and prizes. Register now! (425) 644-4800 or (800) 272-8273

Woodinville, WA

www.wscpa.org

15th Annual WSCPA Spokane Chapter/RMA

Golf Outing

Thursday, May 29, 2014 1:30 p.m. Only $150/person, includes green fee, power cart, real time scoring, ball marker, unlimited use of driving range, prime rib and salmon dinner and a no-host awards reception. Register now! Watch your Short Form for registration details or download a form at www.wscpa.org (search “golf”). To learn more, call (509) 747-6265 or (509) 363-6300 or visit www.wscpa.org

www.wscpa.org www.wscpa.org

Worley, ID

WashingtonCPA Spring 2014

33


Photo Album Biebl’s Tax Advisors Update January 20-22 | Bellevue | Spokane | Seattle

© FireEyes Photography

View more photos at:

www.facebook.com/washingtonCPAs

Spokane Chapter Drive for Dollars

Live Webcast Broadcasting from WSCPA Learning Center

November 2013 | Downtown Spokane

Spokane Chapter held a “Drive for Dollars” fundraiser to benefit Second Harvest on November 13. Chapter members volunteered throughout the day, encouraging drivers to pull over and make donations. KXLY radio provided live coverage of the event. In total, the event raised over $8,000 for Second Harvest.

© John D. Moore

As part of our continued effort to make CPE accessible in different formats, the WSCPA has begun webcasting live from the Society’s Learning Center for the first time. Now you can take advantage of some of the Society’s most popular classes even if you are unable to drive to Bellevue!

34

WashingtonCPA Spring 2014

Visit the WSCPA on Facebook to view more event photos and learn about future events www.facebook.com/WashingtonCPAs www.wscpa.org


Networking events 2014

SpONSORS

Puget Sound May 14

FareStart - Seattle (14NP10)

June 26

Museum of History & Industry - A Night at the Museum - Seattle (15NPJN26)

August 21

Members’ Reception - Woodmark Hotel - Kirkland (15NPAU21) Free

October 23

Von Trapps Bocce Ball - Seattle (15NPOC23)

Spokane

Key Partners

May 7

Personal Branding: Telling Your Story to Build Your Career DoubleTree Hotel - Spokane (14NP09)

June 10

Happy Hour No-Li Brewhouse - Spokane (15NPJN10) Free

August 12

Happy Hour No-Li Brewhouse - Spokane (15NPAU12) Free

October 14

Happy Hour Twigs - Spokane (15NPOC14) Free

November 6

Chateau Rive - Spokane (15NPNV06)

FEES Members $25 | Non-members $30 HAPPY HOURS

Premier Partners

(unless noted otherwise)

Free casual networking events with free light appetizers. Registration optional. www.wscpa.org

Supporters

Register now www.wscpa.org/ networking

WashingtonCPA Spring 2014

35


CPE Digest NEW CPE events added throughout year to: www.wscpa.org/cpe/catalog

events by location WSCPA education and events scheduled for April-July 2014 are listed below, chronologically by location.

CS EB

If you are looking for a program in another location, it may be scheduled for later in the year.

PFP

SUBJECTS The main subject area is listed for each program.

Using the online CPE & Event Catalog at www.wscpa.org/cpe/ catalog, you can search by location. LEARN MORE To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/cpe/catalog.

A&A

Ethics GNP MG PD SK

Need help finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800.

TAX TEC

Accounting and Auditing Consulting Services Employee Benefits Estate/Financial Planning Ethics Government / NFP Management Personal Development Specialized Knowledge Taxation Technology

Fees

Date

CPE Credits

#

Course

WSCPA NonAICPA Code Member Member Member For more details, Discount Fee Fee search by code at www.wscpa.org/cpe

Facility

Type

Ø

Subject

Bellevue Apr 25

8

CFO Series - Financial Statement and Cash Flow Forecasting and Modeling, 8am4pm

14CFOSF02

290

365

WSCPA

A&A

Apr 28

8

Excel Best Practices, 8am-4pm

14EBP02

290

365

WSCPA

TEC

Apr 29

8

Using Technology to Improve Small Business Internal Controls and to Prevent and Detect Fraud, 8am-4pm

14ITCS03

290

365

WSCPA

A&A

Apr 30

8

Advanced Excel, 8am-4pm

14ADE

290

365

WSCPA

TEC

May 12

8

More QuickBooks for the Accounting Professional, 8am-4pm

14COMQB203

255

330

WSCPA

TEC

May 13

8

Excel Tips, Tricks & Functions, 8am-4pm

14COMEXF03

255

330

WSCPA

TEC

May 14

8

Excel Pivot Tables, 8am-4pm

14COMEXP05

255

330

WSCPA

TEC

ç May 14

8

Mastering Budget Applications: Mastering Budgeting and Avoiding the Pitfalls, 8am-4pm

14MAPB

290

365

WSCPA

MG

May 15

4

Working Trial Balance with Excel, 8-11:30am

14COMEW402 115

150

WSCPA

TEC

May 15

4

Ratio Analysis with Excel, 12:30-4pm

14COMER402

115

150

WSCPA

TEC

ç May 15

8

Plug Your Profit Leaks: Ways to Significantly Save Time and Money, 8am-4pm

14PYPL

290

365

Hot State Tax Developments, 7:30-9:00am

14CHBAMA1

35

S l

-30

WSCPA

MG

40

McCormick & Schmick’s

TAX

May 15

1.5

May 16

8

Importing & Exporting Data with QuickBooks, 8am-4pm

14COMQBI02

255

330

WSCPA

TEC

May 16

8

CFO Series - Valuation, Acquisitions, Capital Projects and Leveraged Buyouts, 8am-4pm

14CFOSV02

290

365

WSCPA

MG

May 19-20

16

How to Conduct a Review Under the AICPA Practice Monitoring Program, 8am4pm

14HCRPM

485

600

-30

WSCPA

A&A

May 20

8

Revenue Recognition: Getting the New Standard Right, 8am-4pm

14RRNS04

290

365

-30

WSCPA

A&A

May 20

8

14HCC

270

345

Meydenbauer Center

SK

May 21

8

OCBOA Financial Statements Preparation and Reporting, 8am-4pm

14CTB02

290

365

-30

WSCPA

A&A

May 22

8

Update for Accountants and Auditors: Latest Developments, 8am-4pm

14AUAA04

290

365

-30

WSCPA

A&A

May 23

8

CFO Series - Financing a Privately Owned Company, 8am-4pm

14CFOSP01

290

365

WSCPA

MG

May 28

8

Trusted Business Adviser Workshop II, 8am-4pm

14TAW2

290

365

WSCPA

MG

May 29

8

Compilation and Review Standards: the Annual Update and Review by Walter Haig, 14CRUR08 8am-4pm

310

385

WSCPA

A&A

 Healthcare Conference, 8am-4:40pm

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

36

-30

WashingtonCPA Spring 2014

-30

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 46

Education and events Fees

Date

CPE Credits

#

Course

Type

May 30

8

Jun 3

8

Y

Jun 3

8

6 Women’s Leadership Summit, 8:30am-4:45pm 

Jun 4

8

Y

Jun 9

8

Jun 10

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

WSCPA

A&A

WSCPA

GNP

Meydenbauer Center

MG

Preparing Financial Statements for Small & Med Sized Businesses: An Update & Review of GAAP & Tax, Cash and Special Purpose Frameworks by Walt Haig, 8am-4pm

14GOSME08

310

385

Governmental Accounting and Reporting, 8am-4pm

15GARJN

295

370

15WLS

305

380

Governmental and Nonprofit Update, 8am-4pm

15GNAUJN

295

370

-30

WSCPA

GNP

Audits of 401(k) Plans, 8am-4pm

15AFKPJN

295

370

-30

WSCPA

A&A

8

Audit Workpapers: Documenting and Reviewing Field Work, 8am-4pm

15AUDWJN

295

370

-30

WSCPA

A&A

Jun 10

8

Auditing Employee Benefit Plans, 8am-4pm

15EBPEJN

295

370

-30

WSCPA

A&A

ç Jun 11

8

Group Audits: Clarifying the Complexities, 8am-4pm

15GAUDJN

295

370

-30

WSCPA

A&A

Jun 12

8

Financial Reporting Framework for SMEs, 8am-4pm

15FRFSJN

295

370

-30

WSCPA

A&A

Jun 13

8

Real Estate Accounting and Auditing, 8am-4pm

15REAAJN

295

370

-30

WSCPA

A&A

Jun 19

8

Y

Accounting and Reporting Practices of Not-for-Profit Organizations, 8am-4pm

15FSNPOJN

295

370

-30

WSCPA

GNP

Jun 20

8

Y

Advanced Auditing of HUD Assisted Projects, 8am-4pm

15EOAHUDJN

295

370

-30

WSCPA

GNP

Jun 23

8

Advanced Excel, 8am-4pm

15ADEJN

295

370

WSCPA

TEC

Jun 23

8

Auditing Defined Contribution Plans, 8am-4pm

15AEMPJN

295

370

-30

WSCPA

A&A

Jun 24

8

FASB Review: Common GAAP Issues Impacting All CPAs, 8am-4pm

15FRUJN

295

370

-30

WSCPA

A&A

Jun 24

8

Technology for CPAs - Don’t Get Let Behind, 8am-4pm

15TECJN

295

370

WSCPA

TEC

Jun 25

4

Washington CPA Regulatory Ethics by James Rigos (A WA Requirement), 8-11:30am

15ETJRJN25

185

220

WSCPA

Ethics

Jun 26

8

Obama Health Care Bill & Other Federal Income Tax Update, 8am-4pm

15PPACPAJN

295

370

WSCPA

TAX

Jun 27

8

Passive Activities & Rental Real Estate Income Tax Issues, 8am-4pm

15PAREJN

295

370

WSCPA

TAX

Jun 30

8

Upcoming Peer Review: Is Your Firm Ready? 8am-4pm

15SNPRJN

295

370

WSCPA

A&A

Jul 8

8

Compilation and Review Standards: the Annual Update and Review by Walter Haig, 15CRURJL 8am-4pm

315

390

WSCPA

A&A

Jul 9

8

Preparing Financial Statements for Small & Med Sized Businesses: An Update & Review of GAAP & Tax, Cash and Special Purpose Frameworks by Walt Haig, 8am-4pm

15ASURJL

315

390

WSCPA

A&A

Jul 17

8

Determining How Much Money You Need to Retire, and Tax Ideas and Money Management in Retirement, 8am-4pm

15DRMMJL

310

385

WSCPA

TAX

Jul 18

8

The Best Income Tax, Estate Tax and Financial Planning Ideas for 2014, 8am-4pm

15IEFPJL

310

385

WSCPA

TAX

Jul 28

8

Surgent McCoy’s Comprehensive Guide to Tax Depreciation, Amortization and Property, 8am-4pm

15TDAPJL

310

385

WSCPA

TAX

Jul 29

8

Social Security, Medicare and Prescription Drug Retirement Benefits, 8am-4pm

15SSRBJL

310

385

WSCPA

TAX

16

Accounting and Reporting Standards: An Update and Review of GAAP, Special Purpose Frameworks, Comp, Review, and Auditing Standards by Walter Haig, 8am-4pm

15ARSURJL

570

685

Campbell’s Resort on Lake Chelan

A&A

8

Health Care Reform Act: Critical Tax and Insurance Ramifications, 8am-3:45pm

14HCRA04

305

405

Quality Inn & Suites Conference Ctr

TAX

16  Governmental Accounting & Auditing Live Video Conference, 8am-4pm

14GAAC3

325

400

Everett Community College Henry M. Jackson Conference Center

GNP

May 22

1.5

S l

Hot Washington Tax Developments, 7:30-9am

14CHSKMY2

30

30

Golden Steer Restaurant

TAX

Jun 19

1

S l

Partnership Basis Issues, 8-9am

15CHSKJN19

25

25

Golden Steer Restaurant

TAX

1.5

S l

An Update from WSCPA and the Board of Accountancy, 12-1:30pm

14CHOMMA2

40

40

Indian Summer Golf & Country Club

SK

E

-30

-30

Chelan Jul 10-11

Clarkston May 16

-30

Everett Apr 28-29 Kent

Olympia May 7

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA Spring 2014

37


Register at www.wscpa.org/cpe/catalog or page 46

Education and events

Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Port Townsend May 15-16

16

Accounting and Reporting Standards: An Update and Review of GAAP, Special Purpose Frameworks, Comp, Review, and Auditing Standards by Walter Haig, 8am-4pm

14ARSUR04

535

650

Harborside Inn

A&A

14INTC

285

360

Bell Harbor International Conf Center

SK

14NP10

20

25

FareStart

PD

Seattle May 5

8

May 14

 International Tax Conference, 8:00am-4:15pm

S

FareStart, 6:00pm-8:30pm

May 19

8

 Washington State Tax Conference, 8:30am-4:25pm

14WSTC

285

360

Bell Harbor International Conf Center

TAX

Jun 12

1

6 WSCPA Annual Meeting, 7:30-9am S

15AM

30

30

Washington State Convention Center

SK

S

15NPJN26

25

30

Museum of History & Industry

PD

14GAAC2

325

400

Northeast Washington Educational Service District 101

GNP

14NP09

20

25

DoubleTree Hotel Spokane City Center

PD

Jun 26

Museum of History & Industry, 6-8:30pm

Spokane 16  Governmental Accounting & Auditing Live Video Conference, 8am-4pm

Apr 28-29 May 7

S

Leadership Luncheon, 12-1:30pm

May 27

8

Compilation and Review Standards: the Annual Update and Review by Walter Haig, 14CRUR07 8am-4pm

310

385

Hampton Inn Spokane Vandervert North LLC dba

A&A

May 28

8

Preparing Financial Statements for Small & Med Sized Businesses: An Update & Review of GAAP & Tax, Cash and Special Purpose Frameworks by Walt Haig, 8am-4pm

14GOSME07

310

385

Hampton Inn Spokane Vandervert North LLC dba

A&A

Happy Hour Networking Event, 5-7pm

15NPJN10

0

0

No-Li Brewhouse

PD

14GAAC

375

450

Courtyard Marriott Tacoma

GNP

Jun 10

S

Tacoma 16  Governmental Accounting & Auditing Conference, 8am-4pm

Apr 28-29 May 2

S l

Annual Student/Professional Networking Event - NON STUDENTS, 6pm-

14CHSKMA4

40

40

Cheney Stadium

PD

May 2

S l

Annual Student/Professional Networking Event - STUDENTS, 6pm-

14CHSKMA3

20

20

Cheney Stadium

PD

S

2014 Golf Tournament, 1pm-

15GOLFJN16

240

240

Bear Creek Country Club

PD

S

Spokane Chapter 15th Annual Golf Tournament, 1:30pm-

14GOLFMY29

600

600

Circling Raven Golf Club

PD

Woodinville Jun 16 Worley May 29 Your Desk Apr 25

8

WEBCAST CFO Series - Financial Statement and Cash Flow Forecasting and Modeling, 8am-4pm

14WEBCFOSF

255

330

Webcast

A&A

Apr 25

2

WEBCAST Nonprofit Grant Writing: A Financial Manager’s Primer, 8-10am

14WEBA353

79

109

Webcast

GNP

ç Apr 25

2

WEBCAST Effective Corporate Governance: Working with the Board and Audit Committee, 12-2pm

14WEBA354

79

109

Webcast

MG

Apr 25

8

Apr 25

8

Apr 25

2

Apr 26

2

Apr 26

2

Apr 28

1

Y

WEBCAST The Yellow Book Interpreted, 8:30am-4pm

14WEBC148

255

295

Webcast

GNP

WEBCAST TIME CHANGE Nonprofit Financial Management Critical Competencies, Knowledge and Tools, 6:30am-2pm

14WEBC149

255

295

Webcast

MG

14WNR465

79

94

Webinar

MG

WEBCAST Risk Analysis and Management, 10am-12pm

14WEBA355

79

109

Webcast

A&A

WEBCAST SATURDAY Risk Analysis and Management, 10am-12pm

14SWEBA093

79

109

Webcast

A&A

WEBCAST Preparing for a CFO Role, 2-3pm

14WEBA356

59

79

Webcast

MG

WEBCAST Mergers & Acquisitions: Tricks, Traps, & Terrors, 7-11am

14WEBA388

129

159

Webcast

SK

14WEBGAAC

325

400

Webcast

GNP

6 WEBINAR Critical Thinking Skills For Finance and Accounting Professionals, 8-10am

Apr 28

4

Apr 28-29

16  Governmental Accounting & Auditing Conference WEBCAST, 8am-4pm

Y

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

38

WashingtonCPA Spring 2014

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 46

Education and events Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Apr 28

2

WEBINAR The Financial Manager’s Role in Risk Analysis and Management, 11am1pm

14WNR468

79

94

Webinar

MG

Apr 28

2

WEBINAR Fraud: 10 Scary Cases in Compilations and Reviews, 10am-12pm

14WNR467

79

94

Webinar

A&A

Apr 28

2

WEBINAR Fraud: 10 Scary Cases in Audits, 7-9am

14WNR466

79

94

Webinar

A&A

Apr 29

2

WEBCAST Understand Inventory Accounting GAAP, Software and Variance Recognition Basics, 12-2pm

14WEBA357

79

109

Webcast

A&A

Apr 29

2

WEBINAR Outlook Beyond Email; What You May Be Missing, 12-2pm

14WNR472

79

94

Webinar

TEC

Apr 29

2

WEBINAR Outlook The Beginner’s Guide to the Power of Outlook, 9-11am

14WNR470

79

94

Webinar

TEC

Apr 29

2

WEBINAR Closing Best Practices - Shortening Month-End, 8-10am

14WNR469

79

94

Webinar

A&A

Apr 29

2

WEBINAR Profit Improvement: Use Process Analysis to Identify Opportunities, 11am-1pm

14WNR471

79

94

Webinar

A&A

Apr 30

2

WEBCAST Using Performance Metrics to Improve Financial Planning and Control, 14WEBA358 2-4pm

79

109

Webcast

A&A

Apr 30

2

WEBINAR The Digital Office - Infrastructure and the Cloud, 10am-12pm

14WNR475

79

94

Webinar

TEC

Apr 30

2

WEBINAR 10 Steps to a Digital Office in the Cloud, 7-9am

14WNR473

79

94

Webinar

TEC

Apr 30

2

14WNR476

79

94

Webinar

MG

Apr 30

2

WEBINAR The NEW Choice of Entity Decision, 12-2pm

14WNR477

79

94

Webinar

TAX

Apr 30

2

WEBINAR Repairs to Tangible Property - Capitalize or Expense?, 9-11am

14WNR474

79

94

Webinar

TAX

May 1

2

WEBINAR Credit Card Tax - Taking The Mystery out of PCI Compliance, 10:30am-12:30pm

14WNR479

79

94

Webinar

TAX

May 1

2

WEBINAR The Digital Office - Scanning Document Management & Workflow Solutions, 12-2pm

14WNR481

79

94

Webinar

TEC

May 1

2

WEBINAR iPad - 50 Settings You Need To Know In 100 Minutes, 7-9am

14WNR478

79

94

Webinar

TEC

May 1

2

WEBINAR How Ethical Lapses Can Facilitate Large & Small Frauds, 11am-1pm

14WNR480

79

94

Webinar

A&A

May 2

2

WEBINAR Spring Tax Update For Business , 11am-1pm

14WNR483

79

94

Webinar

TAX

May 2

2

WEBINAR Spring Tax Update For Individuals, 8-10am

14WNR482

79

94

Webinar

TAX

May 3

4

WEBCAST SATURDAY Finance Basics for Accounting Professionals , 8am-12pm

14SWEBA094

129

159

Webcast

MG

May 3

3

WEBCAST Accounting IS Changing! Are YOU Ready? Goals, Strategy, Scorecard, KPIs, Budgeting, Improvement, Compensation - Module II, 8-11am

14SWEBA095

99

129

Webcast

A&A

May 3

4

14SWEBA096

129

159

Webcast

MG

May 3

2

WEBCAST Accounting IS Changing! Are YOU Ready? Predictive Not Historic Module III, 11am-1pm

14SWEBA097

79

109

Webcast

A&A

May 3

4

WEBCAST SATURDAY Accounting Basics for Finance Professionals, 12-4pm

14SWEBA098

129

159

Webcast

A&A

May 6

2

WEBINAR Excel - How To Become An Excel Formula Expert, 10am-12pm

14WNR485

79

94

Webinar

TEC

May 6

2

WEBINAR The Medicare Tax on Net Investment Income, 11am-1pm

14WNR486

79

94

Webinar

TAX

May 6

2

WEBINAR Working With the Alternative Minimum Tax, 8-10am

14WNR484

79

94

Webinar

TAX

ç May 7

1

S

FREE WEBINAR From Insight to Impact: Unlocking Opportunities in Big Data, 11am-12pm

14WNRFREE

25

25

Webinar

MG

May 7

4

6 WEBCAST Time Mastery For CPAs and Financial Professionals Part 1 - Draining the Swamp: How to Maximize Your Productivity and Satisfaction, 7-11am

14WEBA387

129

159

Webcast

PD

May 7

4

6 WEBCAST Triple Your Memory and Confidence, and Halve Your Stress, 8am-12pm 14WEBA399

129

159

Webcast

PD

May 7

4

6 WEBCAST Time Mastery for CPAs and Financial Professionals - Part 2 - Fighting the Alligators How to Maximize Your Productivity and Satisfaction, 11am-3pm

14WEBA400

129

159

Webcast

PD

May 7

2

WEBINAR Excel - Charts and Formatting For a Non-Financial Audience, 7-9am

14WNR487

79

94

Webinar

TEC

May 7

2

WEBINAR Passive Activities - A Primer, 8-10am

14WNR488

79

94

Webinar

TAX

May 7

2

WEBINAR Tax Research “Fun” with RIA Checkpoint, 11am-1pm

14WNR489

79

94

Webinar

TAX

May 7

2

WEBINAR Advanced Googling for Accountants Part 3: Power Search Tools and Verticals, 12-2pm

14WNR490

79

94

Webinar

TEC

May 8

2

WEBINAR Excel - A Beginner’s Guide To Building Spreadsheets, 12-2pm

14WNR494

79

94

Webinar

TEC

May 8

2

WEBINAR iPad/Tablet - Working With Excel Spreadsheets on Your Tablet, 9-11am

14WNR492

79

94

Webinar

TEC

May 8

2

WEBINAR Fraud and Abuse in Government Entities, 7-9am

14WNR490

79

94

Webinar

A&A

May 8

2

Y

WEBINAR Fraud and Abuse in Nonprofits, 10am-12pm

14WNR493

79

94

Webinar

A&A

May 9

4

6 WEBCAST Achieving Balance in Work and Life, 11am-3pm

14WEBA401

129

159

Webcast

PD

6 WEBINAR Better Performance Plans: The Microeconomics of Motivating Your Team, 11am-1pm

6 WEBCAST SATURDAY Coaching Skills with NLP for CPAs, Controllers, 10am2pm

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA Spring 2014

39


Conferences

Register at www.wscpa.org/cpe/catalog or page 36

2014 Co n feren ces

40

Stay informed, updated and in compliance — and earn CPE credits

A PRil 28 -29

May 5

Government al A ccount ing & Auditing C onfe re nce

In te rn a tio n a l Ta x Co n fe re n ce

MAY 19

MAY 2 0

Washington S t at e Tax Co nference

He a lth ca re Co n fe re nc e

JUNE 3

Aug 14

Wom en’s Le ad er s hip Su mm it

Fa rm Ta x Co n fe re n ce

WashingtonCPA Spring 2014

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 36

conferences

Sep 2-3

OC T 30-31

Nor thwe s t A ccount ing Educator s C onfere nce

Pa cific Ta x In st itu t e

SEP 22

NOV 2 0 -2 1

B usiness & M anage men t Conferen ce

No t-Fo r-Pro fit Co n fe re n ce

OcT 23-24

DEC 5

Pacific N W C ons t r uct io n Industr y C onfe re nce

Fra u d Co n fe re n ce

OCT 30

DEC 8-9

Accounting & A ud it ing Conferen ce

In fo rm a tio n Te ch n o l o g y Co n fe re n ce

R e g i st e r n ow! www. wsc pa. or g/ c onferenc es www.wscpa.org

WashingtonCPA Spring 2014

41


Register at www.wscpa.org/cpe/catalog or page 46

Education and events

Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

ç May 9

8

WEBCAST Excel and Access: Tools of th the Trade for Business, 8:30am-4:30pm

14WEBC196

255

295

Webcast

TEC

May 9

2

WEBINAR The CFO’s Role in Compensation and Incentive Plans, 8-10am

14WNR495

79

94

Webinar

MG

May 12

2

WEBCAST Risk Analysis and Management, 10am-12pm

14WEBA359

79

109

Webcast

A&A

May 12

2

WEBINAR B Corporations and L3Cs: New Corporate Forms for Responsible Businesses, 11am-1pm

14WNR496

79

94

Webinar

MG

May 13

2

WEBCAST Preventing Legal Issues On Construction Projects, 10am-12pm

14WEBA360

79

109

Webcast

MG

May 13

2

WEBCAST The Top 10 Legal Mistakes Companies Make And How To Avoid Them, 2-4pm

14WEBA361

79

109

Webcast

SK

May 13

2

WEBCAST The Top 10 Legal Mistakes Companies Make And How To Avoid Them, 2-4pm

14WEBA402

79

109

Webcast

SK

May 13

2

WEBINAR Financial Accounting for LLCs and Partnerships - Part 2 , 11am-1pm

14WNR498

79

94

Webinar

A&A

May 13

2

WEBINAR Financial Accounting for LLCs and Partnerships - Part I, 8-10am

14WNR497

79

94

Webinar

A&A

May 13

2

WEBINAR Becoming a Virtual CFO: Ins and Outs, 12-2pm

14WNR499

79

94

Webinar

A&A

May 14

2

WEBCAST Creating the Best Projections You Can, 12-2pm

14WEBA362

79

109

Webcast

MG

May 14

2

WEBCAST Recognizing Sham Transactions, 2-4pm

14WEBA363

79

109

Webcast

A&A

May 14

2

WEBCAST Interviewing and Interrogation, 8-10am

14WEBA403

79

109

Webcast

A&A

May 14

2

WEBINAR Fraud and the Affordable Care Act, 11am-1pm

14WNR501

79

94

Webinar

A&A

May 14

2

WEBINAR Fraud: 2014 Alert for Small and Mid-Sized Entities, 8-10am

14WNR500

79

94

Webinar

A&A

May 15

8

WEBCAST Plug Your Profit Leaks: Ways to Significantly Save Time and Money, 8am-4pm

14WEBPYPL

255

330

Webcast

MG

May 15

2

WEBCAST The CFOs Role in Banking and Financing, 8-10am

14WEBA364

79

109

Webcast

MG

May 15

2

WEBCAST How Good Companies Become Great, 2-4pm

14WEBA365

79

109

Webcast

MG

May 15

4

WEBCAST Technology Update for Industry, 7-11am

14WEBA404

129

159

Webcast

TEC

May 15

2

WEBINAR The CFO: 5 Critical Skills to Maximize Profits, 11am-1pm

14WNR503

79

94

Webinar

MG

May 15

2

WEBINAR The CFO: 5 Critical Skills to Become a Leader, 8-10am

14WNR502

79

94

Webinar

MG

May 16

8

WEBCAST CFO Series - Valuation, Acquisitions, Capital Projects and Leveraged Buyouts, 8am-4pm

14WEBCFOSV

255

330

Webcast

MG

May 16

2

WEBCAST Pricing for Profitability: Why Cost Matters, 10am-12pm

14WEBA366

79

109

Webcast

MG

May 16

2

WEBCAST Contemporay Cost Concepts: Understanding Activity-Based Costing, 12-2pm

14WEBA367

79

109

Webcast

A&A

ç May 16

2

WEBCAST Communicating Financial Information to Non-Accountants, 2-4pm

14WEBA368

79

109

Webcast

MG

ç May 16

8

WEBCAST U.S. GAAP and IFRS Update, 8:30am-4:30pm

14WEBC197

255

295

Webcast

A&A

May 16

2

79

94

Webinar

MG

May 16

2

WEBINAR Nonprofit Boards: Stepping Up to Today’s Challenges, 11am-1pm

14WNR507

79

94

Webinar

MG

May 16

2

WEBINAR Affordable Care Act - Key Issues for Individuals, 7-9am

14WNR504

79

94

Webinar

TAX

May 16

2

WEBINAR Affordable Care Act - Key Issues for Employers, 10am-12pm

14WNR506

79

94

Webinar

TAX

May 17

2

WEBCAST SATURDAY Interviewing and Interrogation, 10am-12pm

14SWEBA099

79

109

Webcast

A&A

May 17

2

WEBCAST SATURDAY Auditing for Fraud, 12-2pm

14SWEBA100

79

109

Webcast

A&A

May 17

4

WEBCAST SATURDAY EVENING Automating Small Business Disaster Recovery, 2-6pm

14SWEBA101

129

159

Webcast

TEC

May 17

2

WEBCAST SATURDAY What Does Fraud Look Like, 2-4pm

14SWEBA102

79

109

Webcast

A&A

May 19

8

14WEBWSTC

245

320

Webcast

TAX

May 20

2

WEBCAST Using Performance Metrics to Improve Financial Planning and Control, 14WEBA369 8-10am

79

109

Webcast

A&A

May 20

2

WEBCAST The CFOs Role in Banking and Financing, 10am-12pm

14WEBA370

79

109

Webcast

MG

May 20

1

WEBCAST Preparing for a CFO Role, 2-3pm

14WEBA394

59

79

Webcast

MG

May 20

2

WEBINAR Excel - Preparing Your Source Data for Analysis, 7-9am

14WNR508

79

94

Webinar

TEC

May 20

2

WEBINAR Partnerships and LLCs: Tax Issues in a Sale, Liquidation, or Merger, 11am-1pm

14WNR510

79

94

Webinar

TAX

May 20

2

WEBINAR Partnerships and LLCs: Tax Issues in the Formation of the Entity, 8-10am

14WNR509

79

94

Webinar

TAX

May 21

2

WEBCAST Understand Inventory Accounting GAAP, Software and Variance Recognition Basics, 10am-12pm

14WEBA372

79

109

Webcast

A&A

6 WEBINAR Critical Thinking Skills For Finance and Accounting Professionals, 7-9am 14WNR505

 Washington State Tax Conference WEBCAST, 8:30am-4:25pm

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

42

WashingtonCPA Spring 2014

-30

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 46

Education and events Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

May 21

8

WEBCAST Business Fraud Update, 7am-3pm

14WEBA405

195

245

Webcast

A&A

May 21

2

WEBCAST Understand Inventory Accounting GAAP, Software and Variance Recognition Basics, 10am-12pm

14WEBA406

79

109

Webcast

A&A

May 21

8

WEBCAST Not-for-Profit Organizations Conference, 8:30am-4:30pm

14WEBC198

255

295

Webcast

GNP

May 22

8

WEBCAST EVENING Critical Business Law Issues Every Accountant Should Know, 2-10pm

14SWEBA103

195

245

Webcast

MG

May 22

4

6 WEBCAST EVENING Getting on Top of it All: The New Science for Increasing Productivity in Yourself and Others, 2-6pm

14SWEBA104

129

159

Webcast

PD

May 22

4

6 WEBCAST EVENING Time Mastery For CPAs and Financial Professionals Part 1 Draining the Swamp How to Maximize Your Productivity, 4-8pm

14SWEBA105

129

159

Webcast

PD

May 22

8

WEBCAST Update for Accountants and Auditors: Latest Developments, 8am4pm

14WEBAUAA

255

330

Webcast

A&A

May 22

2

WEBCAST Risk Analysis and Management, 12-2pm

14WEBA373

79

109

Webcast

A&A

May 22

2

WEBINAR S Corporations: Financial Accounting - Part I, 9-11am

14WNR512

79

94

Webinar

A&A

May 22

2

WEBINAR S Corporations: Financial Accounting - Part 2, 12-2pm

14WNR515

79

94

Webinar

A&A

May 22

2

WEBINAR Fraud: 10 Scary Cases in Compilations and Reviews , 11am-1pm

14WNR514

79

94

Webinar

A&A

May 22

2

WEBINAR Fraud: 10 Scary Cases in Audits, 8-10am

14WNR511

79

94

Webinar

A&A

May 22

2

WEBINAR Becoming a Virtual CFO: Keys to Success, 9-11am

14WNR513

79

94

Webinar

A&A

May 23

2

6 WEBCAST Communication: Why Can’t Everyone Be NORMAL Like Me? 11am1pm

14WEBA407

79

109

Webcast

PD

May 23

8

WEBCAST CFO Series - Financing a Privately Owned Company, 8am-4pm

14WEBCFOSP

255

330

Webcast

MG

ç May 23

8

WEBCAST Accounting and Auditing with Excel, 8:30am-4:30pm

14WEBC199

255

295

Webcast

A&A

May 23

2

WEBINAR AICPA Private Company Financial Reporting Standards, 8-10am

14WNR517

79

94

Webinar

A&A

May 23

2

WEBINAR Detecting and Preventing Internal Fraud, Theft and Abuse, 7-9am

14WNR516

79

94

Webinar

A&A

May 27

2

WEBCAST Preventing Legal Issues On Construction Projects, 10am-12pm

14WEBA408

79

109

Webcast

MG

May 27

2

WEBCAST Recognizing Sham Transactions, 10am-12pm

14WEBA409

79

109

Webcast

A&A

May 27

2

WEBCAST The Top 10 Legal Mistakes Companies Make And How To Avoid Them, 2-4pm

14WEBA374

79

109

Webcast

SK

May 27

2

WEBINAR Get Your Notes Organized With Microsoft OneNote, 7-9am

14WNR518

79

94

Webinar

TEC

May 27

2

WEBINAR Communicating Financial Information to Non-Accountants, 8-10am

14WNR519

79

94

Webinar

MG

May 28

4

WEBCAST Balanced Scorecard Module I: Overview, 8am-12pm

14WEBA410

129

159

Webcast

MG

May 28

3

WEBCAST Balanced Scorecard Module II: Show How Balanced Scorecard Support Strategy, 12-3pm

14WEBA411

99

129

Webcast

MG

May 28

2

WEBINAR Microsoft Office 2013 What’s New? 12-2pm

14WNR524

79

94

Webinar

TEC

May 28

2

WEBINAR Closing Best Practices - Shortening Month-End, 8-10am

14WNR521

79

94

Webinar

A&A

May 28

2

WEBINAR Fraud Alert - How Fraud Can Impact You! 11am-1pm

14WNR523

79

94

Webinar

A&A

May 28

2

WEBINAR Financial Accounting for Related Party Transactions, 10am-12pm

14WNR522

79

94

Webinar

A&A

May 28

2

WEBINAR Tax Issues of Same Sex Couples, 7-9am

14WNR520

79

94

Webinar

TAX

ç May 29

8

WEBCAST Business Fraud Update, 11am-7pm

14WEBA375

195

225

Webcast

A&A

May 29

2

WEBCAST EVENING How Good Companies Become Great, 6-8pm

14SWEBA072

79

109

Webcast

MG

May 29

2

WEBINAR Credit Card Tax - Taking The Mystery out of PCI Compliance, 8:3010:30am

14WNR525

79

94

Webinar

TAX

May 29

2

WEBINAR Google Business Tools For Accountants, 12-2pm

14WNR526

79

94

Webinar

TEC

May 30

4

WEBCAST Rolling Forecasts Replace Budget, 8am-12pm

14WEBA412

129

159

Webcast

MG

May 30

2

WEBCAST Understand Inventory Accounting GAAP, Software and Variance Recognition Basics, 12-2pm

14WEBA413

79

109

Webcast

A&A

May 31

2

WEBCAST SATURDAY The Five Acquisition Questions: What They Are, 10am12pm

14SWEBA106

79

109

Webcast

MG

May 31

2

WEBCAST SATURDAY Creating the Best Projections You Can, 8-10am

14WEBA376

79

109

Webcast

MG

May 31

2

WEBCAST SATURDAY Using Performance Metrics to Improve Financial Planning and Control, 12-2pm

14WEBA371

79

109

Webcast

A&A

Jun 2

8

Internal Controls for Business - To Prevent Fraud and Loss WEBCAST, 8am-4pm

15WBAJN02A

195

245

Webcast

A&A

Jun 2

2

Doing Business With the IRS - Part 1: Organization of the IRS, including the FOIA and Privacy Act, and Confidentiality and Disclosure of Tax Return, 9-11am

15WBAJN02B

79

109

Webcast

TAX

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

-30

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA Spring 2014

43


Register at www.wscpa.org/cpe/catalog or page 46

Education and events

Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

Facility

Subject

Jun 2

2

Repairs to Tangible Property - Capitalize or Expense? WEBINAR, 8-10am

15WNCJN02A

79

94

Webinar

TAX

Jun 2

2

Working with the Alternative Minimum Tax WEBINAR , 11am-1pm

15WNCJN02B

79

94

Webinar

TAX

Jun 2

2

MS PowerPoint - Advanced Techniques for Better Presentations WEBINAR, 12-2pm

15WNCJN02C

79

94

Webinar

TEC

Jun 2

8

Social Security Basics and Strategies For Maximizing Benefits WEBCAST, 8:30am4pm

15WBCJN02A

275

375

Webcast

PFP

Jun 3

8

Best Practices for Industry ? Business Continuity and Disaster Recovery Planning WEBCAST, 7am-3pm

15WBAJN03A

195

245

Webcast

MG

Jun 3

4

15WBAJN03B

129

159

Webcast

PD

Jun 3

2

Doing Business With the IRS - Part 2: Statute of Limitations, Assessments, Abatements, and Claims for Refund WEBCAST, 9-11am

15WBAJN03C

79

109

Webcast

TAX

Jun 3

2

Word - Advanced Tips, Tricks & Techniques WEBINAR, 8-10am

15WNCJN03A

79

94

Webinar

TEC

Jun 3

2

The Financial Manager’s Role in Risk Analysis and Management WEBINAR, 10am12pm

15WNCJN03B

79

94

Webinar

A&A

Jun 4

2

Doing Business With the IRS - Part 3: IRS Penalties and How to Get Them Abated WEBCAST, 9-11am

15WBAJN04A

79

109

Webcast

TAX

Jun 4

4

Managing Electronically Stored Information Securely WEBCAST, 10am-2pm

15WBAJN04B

129

159

Webcast

TEC

Jun 4

2

Excel - How To Become an Excel Formula Expert WEBINAR, 7-9am

15WNCJN04A

79

94

Webinar

TEC

Jun 4

2

Spring Tax Update for Individuals WEBINAR, 8-10am

15WNCJN04B

79

94

Webinar

TAX

Jun 4

2

Spring Tax Update for Business WEBINAR, 11am-1pm

15WNCJN04C

79

94

Webinar

TAX

Jun 4

2

Crowdsourcing and Collaborative Consumption Tools for Accountants WEBINAR, 15WNCJN04D 79 12-2pm

94

Webinar

TEC

Jun 5

4

What Is Cloud Computing? WEBCAST, 7-11am

15WBAJN05A

129

159

Webcast

TEC

Jun 5

8

2014 Business Fraud Update WEBCAST, 7am-3pm

15WBAJN05B

195

245

Webcast

A&A

Jun 5

8

Best Practices for Industry Selecting and Implementing Accounting Software WEBCAST, 8am-4pm

15WBAJN05C

195

245

Webcast

A&A

Jun 5

2

Doing Business With the IRS - Part 4: How to Handle the IRS Audit WEBCAST, 9-11am

15WBAJN05D

79

109

Webcast

TAX

Jun 5

4

Automating Small Business Disaster Recovery WEBCAST, 11am-3pm

15WBAJN05E

129

159

Webcast

MG

Jun 5

7

Free Cash Flow - The Key to Shareholder Value WEBCAST EVENING, 2-9pm

15WBSJN05F

195

245

Webcast

MG

Jun 5

4

Reformatted Financial Statements: Inaction Can Lead to Complacency WEBCAST, 2-6pm

15WBAJN05G

129

159

Webcast

A&A

Jun 5

4

Accounting’s Perfect Storm 2014 Update: Four Issues That Might Change Financial Reporting As You Know It! WEBCAST EVENING, 6-10pm

15WBAJN05H

129

159

Webcast

A&A

Jun 5

2

Excel - Preparing Your Source Data for Analysis WEBINAR, 10am-12pm

15WNCJN05A

79

94

Webinar

TEC

Jun 5

8

Excel Tips and Techniques for Increased Productivity and Improved Financial Modeling: Intermediate WEBCAST, 8:30am-4pm

15WBCJN05A

275

375

Webcast

TEC

Jun 6

8

Best Practices for Industry Understanding Your Liability and How to Secure and Protect Corporate Information WEBCAST, 7am-3pm

15WBAJN06A

195

245

Webcast

MG

Jun 6

2

Fraud and Abuse in Government Entities WEBINAR, 7-9am

15WNCJN06A

79

94

Webinar

A&A

Jun 6

2

Windows 8 - Should I Go or Should I Wait? WEBINAR, 9-11am

15WNCJN06B

79

94

Webinar

TEC

Jun 6

2

Fraud and Abuse in Nonprofits WEBINAR, 10am-12pm

15WNCJN06C

79

94

Webinar

A&A

Jun 6

2

Profitable Pricing: Accounting’s Role WEBINAR, 11am-1pm

15WNCJN06D 79

94

Webinar

A&A

Jun 6

8

Audits of 403(b) Plans WEBCAST, 8:30am-4pm

15WBCJN06A

275

375

Webcast

A&A

Jun 9

2

15WBAJN09A

79

109

Webcast

PD

Jun 9

4

15WBAJN09B

129

159

Webcast

MG

Jun 9

2

15WBAJN09C

79

109

Webcast

PD

Jun 9

2

Doing Business With the IRS - Part 5: Representing Clients Before the IRS Appeals Office WEBCAST, 9-11am

15WBAJN09D

79

109

Webcast

TAX

Jun 9

2

Walkin, Talkin, Lookin, and Listenin, or Things That Most Auditors Don’t Do Well WEBCAST, 10am-12pm

15WBAJN09E

79

109

Webcast

A&A

Jun 9

2

15WBAJN09F

79

109

Webcast

PD

Jun 9

2

Interviewing and Interrogation WEBCAST, 12-2pm

15WBAJN09G

79

109

Webcast

A&A

Jun 9

2

Auditing For Fraud WEBCAST, 2-4pm

15WBAJN09H

79

109

Webcast

A&A

6 Problem Solving and Creative Thinking for CPAs WEBCAST, 7-11am

Y Y

6 Time is Money! WEBCAST, 7-9am Finance Basics for Accounting Professionals WEBCAST, 8am-12pm 6 Enhance Your Career through Personal Branding and Effective Networking WEBCAST, 9-11am

6 Would I Work for Me? (Becoming the Kind of Boss People Want to Work For) WEBCAST, 11am-1pm

ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

44

WSCPA NonAICPA Member Member Member Discount Fee Fee

WashingtonCPA Spring 2014

Networking Event | S Season Ticket and Coupons N/A

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Register at www.wscpa.org/cpe/catalog or page 46

Education and events Fees

Date

CPE Credits

#

Course

Type

Code

For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Jun 9

2

Outlook - The Beginner’s Guide to the Power of Outlook WEBINAR , 11am-1pm

15WNCJN09A

79

94

Webinar

TEC

Jun 9

2

Google+ for Accountants WEBINAR, 12-2pm

15WNCJN09B

79

94

Webinar

TEC

Jun 9

8

Cloud Computing: What is it and is it Right for Me? WEBCAST, 8:30am-4pm

15WBCJN09A

275

375

Webcast

TEC

Jun 10

8

Auditing Employee Benefit Plans WEBCAST, 8am-4pm

15WBWEBPE

255

330

Webcast

A&A

Jun 10

2

Creating the Best Projections You Can WEBCAST, 8am-10pm

15WBAJN10A

79

109

Webcast

A&A

Jun 10

2

Doing Business With the IRS - Part 6: Notice of Deficiency, Notice of Determination, and Tax Litigation WEBCAST, 9-11am

15WBAJN10B

79

109

Webcast

TAX

Jun 10

2

The Five Acquisition Questions: What They Are, Why They Matter and How to Answer Them WEBCAST, 10am-12pm

15WBAJN10C

79

109

Webcast

MG

Jun 10

2

Using Performance Metrics to Improve Financial Planning and Control WEBCAST, 12-2pm

15WBAJN10D

79

109

Webcast

A&A

Jun 10

2

Interviewing and Interrogation WEBCAST, 2-4pm

15WBAJN10E

79

109

Webcast

A&A

Jun 10

4

Balanced Scorecard Module I: Overview WEBCAST EVENING, 3-7pm

15WBAJN10F

129

159

Webcast

MG

Jun 10

4

Rolling Forecasts Replace Budget WEBCAST EVENING, 4-8pm

15WBAJN10G

129

159

Webcast

MG

Jun 10

2

10 Steps to a Digital Office in the Cloud WEBINAR, 7-9am

15WNCJN10A

79

94

Webinar

TEC

Jun 10

2

10 Steps for Adopting Smart Technology WEBINAR, 9-11am

15WNCJN10B

79

94

Webinar

TEC

Jun 10

2

The Digital Office - Cloud Based Client Accounting Systems WEBINAR, 10am12pm

15WNCJN10C

79

94

Webinar

TEC

Jun 10

8

Pension and Profit-Sharing Plan Strategies WEBCAST, 8:30am-4pm

15WBCJN10A

275

375

Webcast

PFP

Jun 11

4

6 Getting On Top of It All: The New Science for Increasing Productivity in Yourself and Others WEBCAST, 8am-12pm

15WBAJN11A

129

159

Webcast

PD

Jun 11

4

6 Time Mastery for CPAs and Financial Professionals: Part 1 Draining the Swamp How to Maximize Your Productivity and Satisfaction WEBCAST, 8am-12pm

15WBAJN11B

129

159

Webcast

PD

Jun 11

2

15WBAJN11C

79

109

Webcast

TAX

Jun 11

4

15WBAJN11D

129

159

Webcast

PD

Jun 11

2

Tax Depreciation: Review & Update WEBINAR, 8-10am

15WNCJN11A

79

94

Webinar

TAX

Jun 11

2

Travel & Entertainment Expenses: Review & Update WEBINAR, 11am-1pm

15WNCJN11B

79

94

Webinar

TAX

Jun 11

8

Small Business Internal Control, Security and Fraud Prevention and Detection WEBCAST, 8:30am-4pm

15WBCJN11A

275

375

Webcast

A&A

Jun 12

8

15WBAJN12A

195

245

Webcast

PD

Jun 12

2

Doing Business With the IRS - Part 8: Employment Tax Issues WEBCAST, 9-11am

15WBAJN12B

79

109

Webcast

TAX

Jun 12

2

The Digital Office - The CPA Technology Toolkit WEBINAR, 7-9am

15WNCJN12A

79

94

Webinar

TEC

Jun 12

2

Financial Analysis in a Metrics Driven World WEBINAR, 8-10am

15WNCJN12B

79

94

Webinar

A&A

Jun 12

2

Business Use of a Home and Vacation Home Rentals Rules - What You Need to Know WEBINAR, 9-11am

15WNCJN12C

79

94

Webinar

TAX

Jun 12

2

The Digital Office - Infrastructure and the Cloud WEBINAR, 10am-12pm

15WNCJN12D 79

94

Webinar

TEC

Jun 12

2

Know Your Costs: Double Your Profit WEBINAR, 11am-1pm

15WNCJN12E

79

94

Webinar

A&A

Jun 12

2

The NEW Choice of Entity Decision WEBINAR, 12-2pm

15WNCJN12F

79

94

Webinar

TAX

Jun 12

1

15WAM

20

20

Webcast

SK

Jun 12

8

Auditing Defined Contribution Plans WEBCAST, 8:30am-4:30pm

15WBCJN12A

275

375

Webcast

A&A

Jun 13

2

Preventing Legal Issues on Construction Projects WEBCAST, 10am-12pm

15WBAJN13A

79

109

Webcast

SK

Jun 13

2

The Top 10 Legal Mistakes Companies Make and How to Avoid Them WEBCAST, 2-4pm

15WBAJN13B

79

109

Webcast

MG

Jun 13

2

The CFO: 5 Critical Skills to Become a Leader WEBINAR, 7-9am

15WNCJN13A

79

94

Webinar

MG

Jun 13

2

6 Critical Thinking Skills for Finance and Accounting Professionals WEBINAR, 8-10am

15WNCJN13B

79

94

Webinar

PD

Jun 13

2

The CFO: 5 Critical Skills to Maximize Profits WEBINAR, 10am-12pm

15WNCJN13C

79

94

Webinar

MG

Doing Business With the IRS - Part 7: Trust Fund Recovery Penalty WEBCAST, 9-11am 6 Triple Your Memory and Confidence, and Halve Your Stress WEBCAST, 12-4pm

6 In Depth Memory Training WEBCAST, 8am-4pm

6 WSCPA Annual Meeting WEBCAST, 7:30-9am S

-30

New CPE programs are added regularly to the online catalog: www.wscpa.org/CPE/catalog Questions? Need assistance finding a CPE program? Call (800) 272-8273 (Toll-free in WA) or (425) 644-4800. ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA Spring 2014

45


Register at www.wscpa.org/cpe/catalog

Registration

Register online with credit card at www.wscpa.org/cpe/catalog or: • Mail form with check to WSCPA, 902 140th Ave NE, Bellevue, WA 98005-3480 • Call (425) 644-4800 or (800) 272-8273 (toll-free in Washington) Questions? E-mail cpe@wscpa.org or call the WSCPA.

Code

Title

Date

City

Fee1

2

3

To pay by credit card, please visit www.wscpa.org/cpe/catalog or call (425) 644-4800.

2

WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org.

46

WashingtonCPA Spring 2014

www.wscpa.org


classified ads

Detailed advertising information is available online at www.wscpa.org. Ads are $1 per word with a minimum fee of $50. Active e-mail and web site addresses are included. Classified Ads are placed on the website for 60 days when received and in the next magazine when received by the deadline, June 1 for the Summer 2014 issue. Positions available ads are no longer available in the magazine. To post a job listing, visit the Job Bank at www.wscpa.org. Want to list a rental or vacation property? Use the Miscellaneous category. Contact Janet White at (425) 586-1126, (800) 272-8273, Ext. 1126, or classifieds@wscpa.org for more information. All ads must be pre-paid. Find classified ads at www.wscpa.org/more.

MERGERS & SALES Considering SellingYour Practice? Consider all your options.We do the work. Confidential.We have buyers actively seeking practices. Call Mark Hause at (877) 3457722 or visit our website at www.accountingpracticesales. comAccounting Practice Sales.We make dreams happen! IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm.We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com PRACTICES FOR SALE Contact Mark Hause at Accounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call (877) 345-7722 for more information on the following practices: (WA1072) SOLD Kirkland CPA Practice (WA1074)xSOLDxEastxKingxCounty-Snoqualmie Valley Area (WA1075) Vancouver CPA Practice for Sale: This CPA practice is seeking a merger and/or sale. The practice is very typical in that the majority of revenues are from income tax with the balance in write-up and consulting services. Without question, the owner is the rainmaker and driving force behind this practice. Given the need for an exit strategy, the owner wants to begin the process of transitioning the practice via merger or sale. The buyer would acquire a substantial practice with a sizable client base, an owner who wants to effectively transition toward his/her successor, and a commitment to continue in the rainmaking role while rendering professional services at a lesser pace than the past. (WA1077) Seattle CPA Practice for Sale: This CPA practice is a firm that is a proven entity that provides a wide variety of services but has not provided any auditing or attestation in over ten years. The hallmark of this firm is the retention of clients and continuity of professionals rendering these services. Further, the firm has per return averages well above average that provides a net cash flow that is easily in the top percentile of firms this size in gross revenue. Any buyer will acquire a firm where all the hard work of building a practice has been completed and is primed for continued prosperity. This practice is available for immediate possession coupled with an owner that seeks to assist in a solid transition. (WA1078) Port Orchard EA & Write-Up Practice for Sale: This EA practice is for sale.

www.wscpa.org

The practice is a tax and write-up practice with equal amounts of both professional services and a small amount of consulting. The firm has grown significantly in the recent year with a 35% increase in fees. The billing philosophy of the owner is a fee structure based on a by-the-job basis and not hourly. The result is an excellent realization rate on services performed that makes for a well above average profit percentage. This practice is a perfect opportunity for any accountant starting out on their own or a firm looking to add a solid base of clients. (WA1079) Auburn, Sumner, PuyallupArea EA Tax Practice for Sale: This EA firm has owner(s) that want to sell and retire. The firm has a good mix of professional services that provides good year round income and not just tax season.The firm’s revenue mix is 63% income tax, 25% write-up, 7% payroll services with the balance being consulting. The office lease offers a great deal of flexibility for a new owner with the current agreement being on a month-to-month basis. The buyer of this practice will acquire a business well known in the community, with an excellent reputation for personal service, very good realization rates, and a year round income stream. (WA1073) Island County EA Tax Practice for Sale: This well-established Enrolled Agent practice is for sale. The firm is well balanced with a tax practice that produces 71% of the firm’s revenue with writeup generating the remainder of the income. The practice is well positioned for future growth due to having a solid staff serving long term clients. The seller is retiring but will be available to assist in transition. For any firm looking for a satellite office, an existing practice wishing to branch out, or an individual who has aspirations of getting out on their own,this practice is an excellent choice. (WA1070) Island CountyAreaTax Practice for Sale: This practice is a straight up tax practice with a broad spectrum of clients. The firm is full of long time clients who are serviced by the owner and a staff of over 100 years of experience. The revenues come from income tax 82%,write-up 16%,and misc.services of 2%. The fee averages are good with the individual returns averaging $350 and business returns $824. The practice is primed for a new owner that wants to start a practice or an expansion focused buyer. The timing could not be better for this opportunity. (WA1069) Poulsbo CPATax Practice for Sale: This solid CPA practice with an excellent client base is for sale. The firm is full of satisfied clients who refer approx. 95% of all new clients. The firm with this kind of reputation works extremely hard at providing excellent service to a client base with a health mix of all types of clients. As with most firms, the practice mix consists of mostly individual returns but does have business returns as well. For buyers looking for an established practice or firms seeking markets for new growth this firm in one you should inquire about. (WA1068) SeattleTax andWrite-Up Practice for Sale: This accounting firm for sale is a tax and write-up practice that was formed 37 years ago. The mix of professional services is approx. 68% income tax and 32% write-up with excellent per return fees. The firm has always stressed excellent service to its clients. The result is a practice filled with long term clients who refer excellent new clients. The firm’s clients interact with the practice generally by phone, mail and electronic media making this practice one with very little walk in business. In recent years, the

practice has been pruned to allow the owner to transition to retirement. What remains are clients who are the envy of many firms. This practice is an ideal purchase opportunity for any professional looking for financial reward and professional challenge. (WA1063) North Olympic Peninsula-Clallam County CPA Practice for Sale: This firm is a tax practice that many seek but few find with a significant amount of business returns coupled with the personal income tax returns that follow. The firm has an excellent location with a high traffic count which fosters walk-in business. The perfect buyer for this practice is a financially successful CPA looking for a practice that has a solid year round income from a variety of fiscal year ends that provides a relaxed pace and good work life balance. (WA1065) South Puget Sound Area-CPA Practice for Sale: This CPA practice has a broad range of clients with no concentration in one area and a broad range of services that are rendered in the areas of income tax, auditing, and financial services. The firm has a history of stability that has fostered excellent client relationships that provide consistent referrals.This firm is further enhanced by an outstanding staff that has outstanding credentials making this firm unique in its ability to provide quality professional services at all service levels to all clients. The financial advisory segment of this practice makes it an obvious advantage for any firm looking to add to their suite of professional services. Any firm with designs on expanding services, looking for expertise, along with an outstanding client list has found an opportunity that is hard to beat with this firm.

VOLUNTEER POSITIONS The following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more at www.wscpa.org/ community (scroll down to the Volunteer tab). Accounting for International Development (AfID) Bellevue College Bellevue Police Department - new Centerstone Education Across Borders First Place School - new Helping Link Interlake Childcare & Learning Center Ladybug House Macha Monkey Productions Mercer Island Visual Arts League Northwest Spay & Neuter Center - new Olympia Ski Club - new Pet Savers Pratt Fine Arts - new PROVAIL Puget Sound Christian Clinic Seattle Girls’ School - new Seattle Glee Clubs Skagit Fisheries Enhancement Group Step it up Camp The Project Room - new United Way of King County Vision Loss Connections Washington Butterfly Association Washington Poison Center Washington Water Trust - new WithinReach

WashingtonCPA Spring 2014

47


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Your Profession. Your Future. Your Advocate.

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WashingtonCPAs

A nnual Meeting

Disruptive Demographics: Implications for the U.S. Accounting Industry

Thursday, June 12 | 7:30-9:00 a.m. | 1 CPE credit Washington State Convention Center, Seattle, WA Featured Speaker: James H. Johnson, Jr., Ph.D. William Rand Kenan, Jr. Distinguished Professor of Strategy and Entrepreneurship, University of North Carolina Kenan-Flagler Business School and Director of the Urban Investment Strategies Center, Frank Hawkins Kenan Institute of Private Enterprise

Register now! www.wscpa.org

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Washington CPA Spring 2014