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CPA Winter 2016

Volume 59, Number 3

Bitcoin and Virtual Currencies What CPAs Need to Know Heading into Tax Season

Rick Sweeney, A Difference Maker Test Your Cyber IQ ‘More’ vs. ‘More Effective’ Communication

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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 William A. Simer Chair David J. Miniken Vice Chair Kirsten S. Duke Treasurer Joseph P. Smith Secretary Heather L. Fitzpatrick Immediate Past Chair Richard E. Jones President & CEO

Laurie J. Anderson Kristine L. Lambright Ryan T. Bartlett Lucy L. Liu Justin A. Bourn Amanda V. O’Rourke Thomas G. Donaghy Michael Reeves Robert W. Heller Abby M. Sanders CHAPTER BOARD CHAIRS Erika Hosea Bellevue Area Lydia Ahn Bellingham Area Dana Lashbaugh Everett Area Diane Bingaman Olympia Area Joe O’Meara Seattle Area Fred Peck Spokane Area Dani Espinda Tacoma Area Alexander King Tri-Cities Area Molly VanderWoude Tri-Cities Area David Stubing Vancouver Area Sean Kinney Yakima Area

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. Cover photo: © iStock by Getty Images / Tsokur POSTMASTER: Send address changes to The WashingtonCPA, c/o WSCPA, 902 140th Avenue NE, Bellevue, WA 98005-3480.

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Contents

4

Rick Sweeney, A Difference Maker

6

Professional Issues: Changes on the Horizon

8

Bitcoin and Virtual Currency: What CPAs Need to Know Heading into Tax Season

12 New WSCPA Member Benefit: Send Secure Emails to Your Clients and Save with NeoCertified

17 Together We Stand 18 Test Your Cyber IQ 21 Creating Stand-Alone PivotCharts in Excel 23 ‘More’ vs. ‘More Effective’ Communication

DEPARTMENTS 4

Leadership Lens

33

12

News Briefs

38 Conferences

CPE Digest

17 Advocacy

45

Registration Form

27 Foundation

46

Classified Ads

30 Chapters

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Member Profile WashingtonCPA Winter 2016

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LEADERSHIP LENS

Rick Sweeney, A Difference Maker By Rich Jones, CPA, CGMA, President & CEO

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ick Sweeney and I both began our current jobs within two weeks of each other in June 2005; Rick as Executive Director (ED) of the Washington State Board of Accountancy (WBOA) and me as President & CEO of the Washington Society of CPAs (WSCPA). Rick had a big advantage over me since, having taught Washington Ethics for the WSCPA for many years, he was an expert on the laws and rules for practicing as a CPA in Washington State. As for me, I had a lot to learn since my professional experience was as a tax practitioner in a large firm. We first met at the National Association of State Boards of Accountancy’s (NASBA) annual meeting in Anchorage in June 2005. At that time, relations between the WBOA and WSCPA were very strained. WBOA staff was taking a very hard line on enforcement when CPAs were late in renewing their licenses, failed to timely notify the state board of a change of address, or continued to use CPA on their email signatures or business cards once their licenses had technically lapsed. For example, when I assumed my responsibilities as CEO, we had 11 members who had to engage attorneys to protect their licenses for very brief

lapses caused by late renewal, even when the CPAs had informed the board of the violation and when the lapse was for a very short period.

All CPAs in Washington owe Rick Sweeney a great debt of gratitude. Our profession is better because of him. At the NASBA conference Rick and I committed to set things right between our two organizations and to create a model relationship between the regulators and the regulated. We agreed that we would disagree on some matters, but pledged to never be disagreeable in doing so. I am proud to report that we have not broken that pledge. One of Rick’s first initiatives was to work with the members of the state board to identify those violations that were administrative in nature and then get a delegation of authority so that he could resolve those cases in accordance with guidelines approved by

the board. This has worked extremely well in allowing the agency to be more efficient and to reduce the backlog of administrative cases. Rick and I realized early on that the composition of our state board did not align very well with the statutory requirements for the board. The board’s most significant responsibility is to discipline CPAs who have failed to follow professional standards when performing attest, compilation, or attestation engagements. After all, these are the only services that require a CPA license. Together, we worked with Governor Gregoire’s office to rebuild the board over a number of years to better match their experience with their responsibilities under the statute. The ability for the profession and the regulator to jointly and successfully recommend appointments to the WBOA is often referred to by NASBA as a best practice arrangement. When legislators and regulators across the country were considering individual mobility legislation (20062014), Rick’s team and our team worked

continued on page 26

Rick Sweeney

Retirement Reception Friday, January 22 - 4:30-6:30 pm WSCPA Office, Bellevue Join us in honoring Rick Sweeney as he retires from his post as Executive Director of the Washington State Board of Accountancy. Register at www.wscpa.org | Code 16NWRSE Space is limited. Registration required.

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Head back to campus Central Washington University Eastern Washington University Gonzaga University Pacific Lutheran University Seattle Pacific University Seattle University University of Washington University of Washington-Tacoma University of Washington-Bothell Washington State University Western Washington University

Return to your alma mater and inspire accounting students to become CPAs • • • • •

Participate on CPA panels Speak in accounting classrooms Hand out awards at scholarship banquets Help students with mock interviews Represent the WSCPA at career fairs

BECOME A STUDENT OUTREACH VOLUNTEER Contact Monette Anderson, Academic Relations Coordinator manderson@wscpa.org | (425) 586-1118 www.wscpa.org

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LEADERSHIP LENS

Professional Issues: Changes on the Horizon By William A. Simer, CPA, WSCPA Chair for 2015-2016

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uring the past several weeks members of the WSCPA Board of Directors and professional staff have visited the Society’s chapters throughout the state to present professional issues updates. It has been great to renew old friendships, and make new ones, with colleagues that we’ve met and to see the chapters’ work in action. If you haven’t been able to attend an update in your chapter area, here are some highlights.

issues or we’ll see an erosion of the public trust and even control of our profession.

membership in the AICPA to individuals providing these services.

Scholarships

Growth in Non-traditional Services

Percentage of Members in Industry or Government

Work is underway to spread the word about $200,000 in scholarships available for the coming school year, thanks to the ground breaking development of a scholarship fund that will be administered by the Washington CPA Foundation. The funds were provided from the Washington State Legislature from the reserves of the Washington State Board of Accountancy. Washington State is the only state society which has been successful in putting together this partnership between state government and our profession. You can be proud of this accomplishment that will provide scholarship support to qualified accounting students for up to two decades.

Audit Quality

Investors and decision makers continue to hold our profession in high regard, but we’re going to have to address audit quality issues in order to retain our right to self-regulate our profession. The AICPA continues to focus on strategies to enhance audit quality, and to develop tools to make the peer review process more effective and even to provide real time practice monitoring. These changes aren’t always going to be popular, but we have a responsibility to address these

While we continue to see growth in our traditional service areas, the most significant growth is in non-traditional services: IT consulting, valuing complex financial instruments and business intangibles, cost segregation studies, financial planning.

Change continues to be a common theme in our professional issues updates as the profession continues to see strong performance from traditional tax and attest services, although the most substantial growth is coming from non-traditional services. A speaker at my firm’s recent annual partner meeting noted that many believe that we’re in a period of change not unlike the Industrial Revolution. Even if that’s not the case, it’s impossible to deny that we are in a significant transitional period and that transition will have an impact on the way we practice and the types of services we offer to our clients. While we continue to see growth in our traditional service areas, the most significant growth is in non-traditional services. IT consulting quickly comes to mind but the growth in non-traditional services extends far beyond into specialized areas such as valuing complex financial instruments and business intangibles, cost segregation studies, and financial planning, to name a few. The professionals who deliver these services won’t necessarily be CPAs. The profession has continued to address this by creating specialized credentials to bring these areas under the AICPA’s Code of Professional Conduct through extending associate

For a list of upcoming chapter events, check out the chapter calendar on page 30 or visit www.wscpa.org/cpe/catalog.

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One of the other significant transitions we’re seeing is the growth in the number of our members who are working in industry or government. Over 25% of WSCPA members work in industry and government and at the AICPA level the percentage is even greater. Given the large numbers of our colleagues who work in these areas, the profession needs to address the skills and training that will be meaningful to this group and help them advance in their careers. The CGMA designation is clearly directed at this need and the recently approved expansion to offer the CGMA designation to non-CPAs in the US is also an effort by the profession to address this need. It’s beyond the scope of this column to cover all of the professional issues, including generational transition, succession planning, and growth in global business, but these issues will continue to have significant impact on how we practice.We’re beginning to hear the term “CPA-led firm” in the place of CPA firm—another indication of how the profession is changing. If we focus our intellect and creativity on these challenges, we’ll be successful in managing this transition. William Simer, CPA, is Partner with Eide Bailly LLP in Spokane. Contact him at bsimer@eidebailly.com. www.wscpa.org


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Bitcoin and Virtual Currency: What CPAs Need to Know Heading into Tax Season By Jason M. Tyra, CPA, MBA, CFE

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ith tax season rapidly approaching, many practitioners are likely to encounter clients for the first time with virtual currency activity to report. Bitcoin, the best known virtual currency, peaked in value in early 2014 before all but disappearing from public view shortly thereafter. Nearly two years later, virtual currencies are still out there: an impressive run in the fall of 2015 (possibly due to an alleged Chinese pump and dump scheme) attracted fresh attention and new converts. While industry and venture capitalist focus currently appears to be shifting from bitcoin as a currency to Bitcoin as a technology, virtual currencies are likely to be an enduring (if niche) asset class.

What is Bitcoin?

If you’ve somehow missed out on the virtual currency revolution, you probably aren’t alone. A Business Insider poll1 at the height of bitcoin’s popularity in March of 2014 revealed that only 55% of Americans and Europeans had heard of it. Most of the publicity was bad—thefts, hacks, Ponzi schemes, and frauds kept bitcoin and other lesser-known virtual currencies in the news on an almost continuous basis during late 2013 and early 2014. Though easily dismissed as a tool of criminals, virtual currencies offer a few compelling use cases that, while not driving mass adoption, are at least keeping them from disappearing altogether. Bitcoin is a trustless, decentralized means of exchange and store of wealth. It is decentralized because its network consists of thousands of individual nodes running open source software on privately-owned computers. It is trustless because it does not rely on a single intermediary to guarantee transactions conducted over its network in the same way as conventional payment methods.

Instead, transactions and balances are verified by consensus, meaning that the network at large is the intermediary between sender and recipient. Bitcoins are created by a complex computational process known as “mining.” Once created, they are held in cryptographically-protected accounts known as “wallets.” A single bitcoin (or fraction thereof) is prevented from appearing in multiple wallets by the confirmation process carried out by individual nodes on

The market value of the virtual currency received on the date of receipt is typically used to calculate income and basis.

the network. In short, only when a user has a valid key for an existing wallet with a sufficient balance can that user send some or all of the bitcoins held in that wallet to another address. Every node on the network carries a complete copy not only of the current status of all accounts on the network, but also of the complete history of every account, ensuring that no bitcoin can be spent twice. This set of transaction records is known as the “blockchain.” It is this distributed ledger technology that has attracted the interest

of large banks in the United States and elsewhere.

Tax Treatment of Bitcoin and Other Virtual Currencies

In the spring of 2014, the IRS released guidance to the public (Notice 2014-21) that explicitly classified virtual currencies as property, removing much of the uncertainty surrounding appropriate handling of tax filings. Notice 2014-21 includes the caveat: “General tax principles applicable to property transactions apply to transactions using virtual currency.” Classification as property, or more accurately as something other than a currency, means that virtual currencies are subject to tax treatment in the United States that is similar to other asset types under similar circumstances. Virtual currencies offer a wider range of use cases than ordinary cash. Thus, tax treatment varies based on the context of their acquisition and use. The normal property classification rules under Section 1221 apply to virtual currencies. Clients may classify holdings either as capital or non-capital assets depending on the nature of the client’s activities. For example, bitcoins in the hands of a casual investor might be a capital asset, whereas a money service business that holds bitcoin for resale to others might view bitcoins as inventory (explicitly excepted from the definition of a capital asset under Section 1221).

Virtual Currency Mining

Mining is the computational process by which bitcoins are created. Many virtual currencies use variants of Bitcoin’s mining algorithm to regulate the rate at which they can be created and/or spent. The doctrine of constructive receipt suggests that virtual currency miners

Source: http://www.businessinsider.com/bitcoin-awareness-survey-2014-3

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DIGITAL CURRENCIES

Š iStock by Getty Images / Tsokur

generally realize ordinary income when mining activity results in the receipt of virtual currency. Income is not deferred until mining receipts are converted or sold, but must be declared in the tax year the coins are actually created.

the date that the virtual currency was mined by the pool, rather than the date received by the miner (there may be a time lag between these two events), depending on the tax structure of the pool and its operating rules.

The market value of the virtual currency received on the date of receipt is typically used to calculate income and basis. At the time of publication of this article, there are a variety of reliable sources of pricing information for virtual currencies, most of which would likely be considered acceptable in this context.

Many bitcoin enthusiasts operate mining hardware with little expectation of turning a profit. Miners may be considered either hobbyists or business owners depending on the scope of their activities. Material participation and active participation rules apply here, as do the hobby loss rules.

Some clients may participate in pools that combine computing power for more consistent payouts to their members. If a taxpayer participates in a mining pool, then he or she may be required to use

Virtual Currency Trading

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Virtual currencies are usually considered capital assets in the hands of individuals, subject to most of the same rules and tax treatment as more common

capital assets, such as securities. Most rules applicable to securities trading are also thought to be applicable to virtual currency trading. The notable exception here is wash sale rules. Since virtual currencies are not, by definition, securities, IRS wash sale rules do not apply to virtual currency transactions. This means that some clients may be able to take advantage of unrealized losses in virtual currency holdings at year’s end to offset gains in other areas without having to materially change the composition of their portfolios. A word of caution to practitioners considering whether to take on virtual currencies: virtual currency exchanges and trading platforms are not currently required to report basis or trade information to US taxpayers or to the IRS on

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DIGITAL CURRENCIES

Form 1099-B. This means that it is incumbent upon individual taxpayers to maintain adequate, consistent records for tax reporting purposes. My experience in this area has shown that many fail to do so.

Purchases and Sales Using Virtual Currencies

The ability to seamlessly employ virtual currencies to pay for everyday purchases (the proverbial “cup of coffee”) is the holy grail of the virtual currency movement. Unfortunately, current IRS rules make daily transaction tracking a difficult and time consuming affair for clients who hold bitcoins as a capital asset. Under IRS barter exchange rules, when a virtual currency is used to make a purchase, the event is treated the same as a disposal due to sale, triggering recognition of (usually capital) gain or loss. Businesses that accept virtual currencies in settlement of sales recognize ordinary income equal to the US dollar value of the sale. Also, clients should be aware that receipts denominated in virtual currencies do not cancel out local sales, use or excise tax rules or otherwise relieve merchants of the responsibility to accurately record and report revenue in any way. Many virtual currency trading platforms offer the option of immediate settlement to US dollars or another currency. If virtual currencies are not immediately disposed of, then they are ultimately taxable in two ways—ordinary income on receipt to establish basis and capital gain or loss at time of disposal. This means that practitioners who handle businesses using virtual currencies to pay vendors or employee salaries will face additional record keeping requirements beyond merely booking the expenses.

Gifts and Donations of Virtual Currencies

Gifts are a major part of the virtual

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Virtual currencies make it possible to send payments as small as a fraction of a cent without the expense of credit card interchange fees. currency community. It is not uncommon to see a digital “tip jar” at the bottom of a blog post or other piece of original content or to find enthusiasts seeking gifts of virtual currencies to fund projects that are of interest to the general community. Virtual currencies make it possible to send payments as small as a fraction of a cent without the expense of credit card interchange fees. Gifts of virtual currencies are subject to IRS Gift Tax rules in the United States in the same manner as other forms of personal property. Gifts of virtual currencies are not exempt from reporting and count toward annual and lifetime exempt gift limits for US taxpayers. Charitable donations of virtual currencies are subject to IRS rules governing donated non-cash property, including deductibility limits and value substantiation requirements. Donors should carefully maintain records of the date and amount of all charitable donations and be sure to obtain a receipt or other acknowledgement from the recipient of the donation. Due to the ready availability of pricing information online, an appraisal of donated virtual currencies would usually not be required.

Clients may donate funds to non-exempt or otherwise ineligible entities without realizing that they have done so. Donations to non-qualifying entities would be considered non-deductible gifts under IRS tax rules. These are the most common federal tax situations likely to be encountered by practitioners with clients who are casual users of or investors in virtual currencies. Be sure to check if your state has issued additional guidance on income, sales or other types of taxes and virtual currencies. Jason M. Tyra, CPA, MBA, CFE, is principal of Jason M. Tyra, CPA, PLLC, in Killeen, Texas. A CPA licensed to practice in Texas, Jason provides tax and consulting services to the Bitcoin user community, including some of the leading figures and companies in Bitcoin. Contact him at jason@tyracpa.com.

Use caution: donation-seeking for open source software and other community-oriented projects is very common among virtual currency users. www.wscpa.org


Are you A&A Andy? Tax Goddess Gina? Nonprofit Nicole?

Tax Goddess Gina, CPA

A&A Andy, CPA

Nonprofit Nicole, CPA

Superhero CFO Stan, CPA

Construction Ken, CPA

Are you a tax gal or an audit guy? A nonprofit specialist or a health care accounting expert? We recognize that you’re busy and want to send you the information that’s of interest to you.

Update your interests today! www.wscpa.org/mywscpa (click “Manage My Interests”) (425) 644-4800 www.wscpa.org

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NEWS BRIEFS

NEW WSCPA MEMBER BENEFIT

Send Secure Emails to Your Clients and Save with NeoCertified With NeoCertified, you’ll be able to securely send and receive tax documents—and any other sensitive information—directly from our secure cloud portal or Microsoft Outlook. Reduced rates are available for all WSCPA members, and for a limited time, you will receive our newest product CustomerConnect (a secure contact form) for free, which can be placed on your website.This will allow your clients to send you their sensitive documents, including tax forms, straight from your website. Try it for FREE for a limited time. Visit NeoCertified.com/WSCPA to get started.

N EO C ERT I

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“We have used NeoCertified for two years now and we have been very happy with them. The support team is outstanding. They [will] reply to your email or call you immediately.” - Susanne Feldman Siegel Accounting & Financial Services

SPECIAL MEMBER DISCOUNT FROM CCH

Save 25% on U. S. Master Tax Guide 2016 when You Order Online The WSCPA partners with Wolters Kluwer CCH to offer you exclusive discounts on CCH® Publications which include top tax and accounting books, such as U.S. Master Tax Guide®, Internal Revenue Code, Income Tax Regulations, the State Tax Handbook, and more. Order the U.S. Master Tax Guide through the WSCPA and save 25% off the $98.75 list price! The U.S. Master Tax Guide (2016) provides helpful and Order now! practical guidance on today’s www.cchgroup.com/members/WSCPA federal tax law for individuals, corporations, partnerships, estates and trusts. This 99th Edition reflects all pertinent federal taxation changes that affect 2015 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax. Save up to 40% on other CCH top tax and accounting titles. To view current book specials and order, visit www.cchgroup.com/members/wscpa and apply the discount code Y5596 to your order at checkout.

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Find a CPA Referral Service

Drive Business to Your CPA Firm with Referrals According to The New York Times, 65% of new business comes from referrals. Yelp, Angie’s List and apps demonstrate how word of mouth guides our decisions on a daily basis. As the only organization in Washington dedicated to serving the profession, people turn to the WSCPA to find the best of the CPAs. If you are looking for ways to attract new clients, the WSCPA Find a CPA referral service can help you expand your client base. The referral service is easy to sign up for and easy to use. For just $175, your listing will be displayed for a full year. With just one click on the “Find A CPA” button, potential clients have easy access to all the information they need to find you and can search by key terms, services offered, area of expertise and location.

Sign up now! wscpa.org > Find a CPA Enroll now at www.wscpa.org > Find a CPA. If you have questions call (425) 5861142 or toll-free in Washington at (800) 272-8273, ext. 1142 or email memberservices@wscpa.org.

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NEWS BRIEFS

College Student Outreach: Call for Volunteers Are you interested in helping spread the word about Washington CPA Foundation Scholarships? Would you like to inspire accounting students to become CPAs? Do you enjoy working with students and want to get back on campus at your alma mater?

Join the conversation! LinkedIn

For information about volunteer opportunities to speak in accounting classes, join professional panel discussions or participate in other student outreach activities email Monette Anderson, the WSCPA Academic Relations Coordinator, at manderson@wscpa.org.

In Memoriam The WSCPA holds in memory with families and the larger community, these members who have recently passed on: MaryAnn Bailey Nathan Fudge Walter Gomer Robert Kreitler Dale Mains www.wscpa.org/community/ in-memoriam

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

Twitter

Accounting Software for Lenders Need for Digital Alternative for General Purpose Financial Report ASC 605-45-45-22 Expense Reimbursements: Have you seen this treatment? WA State Taxation of Meals Served to Residents of Senior Living Facilities North Seattle College Technical Advisory Committee Seeks Members What’s your CPA superpower?

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

WSCPA Blog

Like the WSCPA on Facebook WashingtonCPAs

Follow the WSCPA on Twitter @wscpa

Search is on for New Executive Director of Washington State Board of Accountancy Diminish Your Client’s Pricing Objections!

Read WSCPA News & Resources at www.wscpa.org/news

The Most Difficult Section of the CPA Exam is...

Article submissions welcome. Contact webmaster@wscpa.org.

Tax Briefing: ACA Small Business & Tax Compliance

Is Your Potential Employer a Good Cultural Fit?

Rewarding and Challenging Careers in a Small Firm

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NEWS BRIEFS

Do you know me? I am your fellow WSCPA committee member who ensures that everything is running smoothly at an event. Or maybe I’m a new CPA in your office and I’m making an effort to get involved in the WSCPA. Or perhaps I am an individual who has used my position as a CPA to provide leadership throughout the community. Nominated by a colleague and selected by a committee of my peers, I am proud to have been selected as a WSCPA Award Winner. Rick Greaves, Robert Ash, Carmen Aguiar, Brett Jordan, Mike Cheney, Sarah Ozanne, Nerelys Codero, Mary Joyce, Rick Sweeney, Rick Anderson, Pete Shimer, Peter Miller, Dave Trujillo, Joe Sambataro, Robert Nuber and Jim Ladd are but a few of the many WSCPA members that have won a WSCPA award. Whom will you nominate?

WSCPA AWARDS Submit your nomination now! www.wscpa.org/community/awards/nomination-form John L. O’Brien Lifetime Achievement Award Recognizes a current or former member for a career of leadership and dedicated service to the accounting profession and as an exemplary role model for other CPAs. Vincent A. Gervais Public Service Award Recognizes a member whose respected leadership in community organizations has enhanced the image or public perception of CPAs. Company or Firm of the Year Award Recognizes a company or firm that provides noteworthy support to the WSCPA and its members.

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Special Award Recognizes an individual who is not a CPA but has supported or promoted the activities of CPAs and the WSCPA.

Outstanding Volunteer Leader Award Recognizes an active member for outstanding service and dedication and/or innovative and inspirational WSCPA leadership. New Professional Award Recognizes an active member who has been a CPA for fewer than 10 years for outstanding WSCPA leadership. Rising Star Award Recognizes a member who is in the process of obtaining a CPA License for active WSCPA leadership, dedication, and service.

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NEWS BRIEFS

COMMITTEE SPOTLIGHT

Not-for-Profit Committee ThexWSCPAxNot-for-Profit Committee is a vibrant network of private and public accounting professionals that shares knowledge and takes a leadership role on issues impacting the industry. The committee holds meetings generally on the last Wednesday of the month. The meetings consist of one hour of CPE and a lively discussion on topics affecting the not-for-profit community and can be attended in person or remotely. We would like to invite you to join the committee and become

involved in this very active and crucial committee. To join, please contact Hayden Williams at hwilliams@ wscpa.org or (425) 586-1110.

Scholarships Now Available

Upcoming Meetings

Are you interested in pursuing the CGMA designation? The WSCPA can now award a limited number of CGMA scholarships for the upcoming fiscal year. Scholarships include:

Jan 27 Feb 24 Mar 30 May 25 12:00-2:00 pm Bellevue (or attend remotely)

• • •

Complimentary access to the CGMA Program, including multiple learning and exam-prep resources Gratis exam fees for the February or May exams Designation fee once the exam has been passed This all adds up to an estimated value of just over $2,000 per scholarship

If you are interested please contact Jeanette Kebede at jkebede@wscpa.org.

The WSCPA Notfor-Profit Committee plans the annual Not-For-Profit Conference, which was held November 12-13 at Bell Harbor International Conference Center in Seattle. More than 260 people attended in person and nearly 30 people viewed the webcast.

www.wscpa.org

Free Monthly PCPS Resource In partnership with the AICPA Private Companies Practice Section (PCPS), the WSCPA offers a free rotating tool available every month at www.wscpa.org/pcpsresources.xPast tools included: Overcoming Pricing Objections Tool (November), and a Firm inMotion Transition Continuum and Checklist (December). Watch the Short Form e-Newsletter for a link to the latest tool or visit the website. WashingtonCPA Winter 2016

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ADVOCACY

Together We Stand By Kimberly Scott, CAE

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f you have attended a chapter event recently, you may have attended a professional issues update. The updates try to address in an hour or two the many issues affecting the CPA profession locally, nationally and globally. Trends in the talent pool for the profession, in the composition of firms and, of course, regulation at all levels are discussed during these sessions.

Thank you to members of the CPAPAC Committee.

Foundation Scholarships and Rick Sweeney’s Retirement

If you’ve read the CEO and Chair Columns in this issue, you’re aware of some key topics from the updates. In the Chair’s column, Bill mentions the legislation passed in 2015 which will allow the Washington CPA Foundation to provide more than $3 million in scholarships over the next 20 years. He also mentions the growth and changes in the accounting profession. In the CEO’s column Rich discusses a key change in our state, Rick Sweeney’s retirement as Executive Director of the Washington State Board of Accountancy.

Upcoming Legislation: Firm Mobility, Definition of Attest

Another key issue is upcoming legislation in Washington State. The WSCPA is interested in making a couple changes to the Washington State Public Accountancy Act (the Act). The first change is allowing firm mobility. This is similar to the individual mobility that you now have as a licensed CPA. Your individual CPA license now allows you to work in other states on a temporary basis without having to apply for a license in that state. However, firms still need to register and pay a fee when doing any attest or audit work in a state where they are not physically located.“Firm mobility” would allow a firm to conduct business in a state without filling out the www.wscpa.org

paperwork and paying a fee in advance. Of course a firm would be accountable to follow the rules and regulations in the state they are entering and would be subject to discipline from both the state they reside in and the state in which they have completed work. The other change affects the definition of attest. Across the nation, people in professions other than the CPA profession have been using AICPA standards to create reports, specifically around sustainability. There is concern about the public relying on reports that look as if they have been created by a CPA, but in reality they have not. This became an issue when SAS 70 was reclassified and became SSAE 16. In all but 14 states, Statements on Standards for Attestation Engagements, other than those specifically identifying financial information, were not clearly identified under the definition of attest.The recommended change would define attest and report in the Act. The legislative session which just began is called a short session. Our legislators are dealing with a few significant issues this session which makes passing legislative changes more challenging.

This year is also an election year, which means WSCPA members will be visiting with legislators during the summer to discuss key issues to the profession. If you are interested in volunteering or have a relationship with a state legislator, we would love to hear from you. Kimberly Scott, CAE, is WSCPA Vice President of Government and Member Relations. Contact her at kscott@wscpa.org.

S A V EX T H EX D A T E

Annual Meeting Thursday, June 9 | Seattle

How to Use Big Data to Create Business Advantage in the Real World Brian Dennehy, PhD Executive Vice President and Chief Marketing Officer, Nordstrom, Inc. WashingtonCPA Winter 2016

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Test Your Cyber IQ

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yber-security has become a major risk concern for CPA firms of all sizes across the country. Trusted advisers such as CPAs should therefore be well-informed about preventive measures in order to assist their firms and clients with the pre-breach environment, and to reduce the high costs associated with the post-breach environment. Take this 15-question cyber IQ quiz to find out how prepared you are. Select the best answer out of those presented:

1) What is a data breach? a.

b. c. d. e.

A laptop is lost or stolen, and it has employee personally identifiable information (PII) on it There is unauthorized access to your computer system and PII is taken Paper files containing PII are stolen by an employee. a. and c. a., b. and c.

2) Most states have PII security laws that require notification if a company suffers a breach. Which companies and professional organizations are subject to these notification requirements? a. b. c. d.

All companies Only large companies Only public companies Only companies in the medical and financial services industries

3) Which take precedence in the event of a data breach? a. b. c. d.

Federal laws State laws Federal or state law; whichever is more restrictive Generally Accepted Privacy Principles (GAPP)

4) Which of the following should be encrypted to protect PII? a. Hard-drives b. Electronic data c. Electronic files d. E-mail e. a., c. and d. f. a., b., c. and d.

5) Which of the following would you not immediately contact if you suspect a breach: a. b. c. d.

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The firm’s attorney The firm’s cyber insurance carrier The firm’s managing partner Law enforcement

WashingtonCPA Winter 2016

6) What does a “kill switch” feature do? a. b. c. d.

Disables smart phones. Provides remote security to tablets and laptops. Neither a. nor b. Both a. and b.

7) If the CPA is using cloud services to process PII, who is primarily responsible for ensuring the confidentiality of the information? a. b. c.

The CPA The cloud services provider Neither

8) Cloud services providers should be willing to: a.

b. c. d. e.

Make a contractual commitment to support compliance with applicable laws and regulations Undergo external audits and security certifications, such as Service Organization Control (SOC) 1, 2 or 3 reports Implement measures for physical security as well as data security a. and c. a., b. and c.

9) How might an employee’s computer become infected with a “drive by” download? a.

b. c. d. e.

The employee’s mobile device gets too close to another mobile device The employee visits a malicious website The employee downloads a file from the Internet a. and b. a. and c.

10) You receive an e-mail message informing you of an issue with your bank account. The message includes a phone number to call as well as a link to access your account. The message format is similar to others you’ve received from your bank; however, you are aware of phishing scams and want to be careful. What is your best course of action? a. b.

c.

Delete the email Look for suspicious elements in the email, and if you feel it is legitimate, then click on the link but don’t enter any information Call the bank directly using the phone number provided on the back of your bank card

11) When recycling or disposing of hard drives, which of the following are best practices? www.wscpa.org


a. b. c. d. e.

Creating an audit trail of serial-numbered inventory of equipment Obtaining vendor certification that personal data has been destroyed Pounding the drive with a hammer until it is unusable and tossing it into a trash can a. and b. a., b. and c.

12) In the event of an actual or potential PII breach, which of the following is a correct initial response to the incident? a.

b.

Stop the source of the incident by turning off or rebooting the system. Do not turn off or reboot any systems.

13) When discussing or communicating a potential PII incident, avoid using the term(s): a. b. c.

“lost laptop” “potential malware intrusion” “breach”

14) When discussing or communicating the incident, which of the following is least preferred? a. b. c. d.

communication on a “need to know” basis face-to-face communication email communication telephone communication

15) When using a cloud services provider that stores information overseas, which of these two options is safer: a. b.

a U.S.-based provider with a foreign branch a foreign-based provider with a U.S. branch

ANSWERS 1) Answer: e. a, b. and c.

Ascertaining a legally defined breach is a complex process and requires the assistance of an expert specializing in security issues. A breach can be the loss of laptop or paper records, or the theft of these records in person, or over the Internet, or the accidental posting of personally identifiable information (PII) on the Internet. The list goes on and on. If you suspect a breach, contact your attorney and other risk advisers. Some definitions: The U.S. General Services Administration in its Oct. 29, 2014, memo on “GSA Rules of Behavior for Handling www.wscpa.org

Personally Identifiable Information (PII)” defined “data breach” as including “the loss of control, compromise, unauthorized disclosure, unauthorized acquisition, unauthorized access, or any similar term referring to situations where persons other than authorized users with an authorized purpose have access or potential access to Personally Identifiable Information, whether physical or electronic. In the case of this policy, the term ‘breach’ and ‘incident’ mean the same.” The GSA memo also defined “Personally Identifiable Information (PII)” as “information about a person that contains some unique identifier, including but not limited to name or Social Security Number, from which the identity of the person can be determined.” The federal Office of Management and Budget (OMB, memo M-10-23, June 25, 2010), stated: “The definition of PII is not anchored to any single category of information or technology. Rather, it requires a case-by-case assessment of the specific risk that an individual can be identified. In performing this assessment, it is important for an agency to recognize that non-PII can become PII whenever additional information is made publicly available—in any medium and from any source—that, when combined with other available information, could be used to identify an individual.”

2) Answer: a. All companies.

State PII laws differ by state, but most states require that once a company has determined it has been breached, or PII has been accessed by an unauthorized party, the company must notify the office of the state Attorney General and, in many cases, other state agencies. The mandated time period for reporting to notify the state and potentially impacted parties varies from a “reasonable” time period to 30 or 60 days. Many states require companies to indicate how they plan to secure PII and what they will do if their PII is breached.

3) Answer: c. Federal or state law; whichever is more restrictive.

The federal laws take precedence if they are more restrictive than the state laws, but the state laws take precedence if more restrictive than the federal laws. In addition, most federal laws give the power to the state Attorney General to levy fines. Further, many state laws require a company to be compliant with that state’s law if a company in another state has the PII of a resident of the first state. The prime example is Massachusetts, which requires a company to comply with its laws, regardless of where the company resides, if the company has PII of a Massachusetts resident. In some cases if a company does not verify that its vendors WashingtonCPA Winter 2016

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are in compliance, it must communicate not having taken these precautions with all potentially impacted parties. In other cases the PII laws of foreign countries have to be respected as well. GAPP is not law but criteria developed by the AICPA and CPA Canada to assist organizations with the management of confidential information.

4) Answer: f. a., b., c. and d.

Hard-drive encryption secures data in the event a computer is lost or stolen. Data encryption protects PII such as Social Security numbers. File encryption protects files and email attachments, such as a PDF encrypted with a password or passphrase. Email digital certificates protect entire email messages, including the body of the message, as part of a subscription service.

5) Answer: d. Law enforcement

The firm will first need to verify whether a breach has actually occurred as defined by state and federal laws, and the firm’s attorney, cyber insurance carrier, and managing partner will help make that determination. If a breach has occurred, the next steps would be to comply with state and federal laws, which may require reporting to law enforcement.

6) Answer: d. Both a. and b.

Remote security is especially useful in preventing access to protected files in the event a computer, tablet, smart phone or USB storage drive has been lost or stolen. Encryption policies and other protective actions can be managed by the firm or by a third-party managed service provider (MSP). Some services are available by online subscription, without the need to purchase or support hardware or software infrastructure.

7) Answer: a. The CPA

The CPA is responsible and should perform the necessary due diligence to address any potential threats to compliance with the “Confidential Client Information Rule.” Therefore, before disclosing confidential client information to a thirdparty service provider, a CPA should do one of the following: a) Enter into a contractual agreement with the third-party service provider to maintain the confidentiality of the client information and ensure that appropriate procedures/safeguards

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are in place to protect such information. b) Obtain specific consent from the client before disclosing confidential information to the third-party service provider.

8) Answer: e. a., b. and c.

Cloud services providers should be willing to provide several types of assurances to CPAs regarding the security of client information, including an incident response plan. As part of the plan, the provider and the CPA should determine ahead of time who will lead the response team, prepare client notifications, and provide legal counsel. The provider should also have insurance in place to cover the damages resulting from a breach. Otherwise, the CPA firm may be responsible for such damages—a good reason for the firm to have cyber insurance coverage in place.

9) Answer: b. The employee visits a malicious website

An employee’s computer could become infected with malware from a malicious website just by visiting it, without stopping to click or accept any software. This method of infection is usually limited to users with unpatched or out-of-date software that has a security flaw.

10) Answer: c. Call the bank directly using the phone number provided on the back of your bank card

This is the best approach, even if the message appears to be legitimate. Use a phone number that you already know and trust to be the bank when calling to verify, not a number within the email. Never click links or visit websites included or mentioned in any suspicious or unfamiliar email or senders. By hovering the cursor over links without clicking them, you can sometimes gain more information and assurance, but not always.

11) Answer: d. a. and b.

Hard drives and other computer components need to be recycled, due to the metals they contain. The Environmental Protection Agency has been known to impose substantial fines for companies not documenting proper computer disposal. Use a reputable data destruction vendor that will certify destruction when recycling computers.

12) Answer: b. Do not turn off or reboot any systems

First record critical facts regarding the incident, such as date and time the incident was discovered, who discovered the incident, what occurred, what systems, applications and information were potentially compromised, and what data elements were included (e.g., name, date of birth, Social Security number, or any other PII). Once this information has been recorded, the affected systems should be backed up or mirrored to enable future analysis, including forensic analysis.

13) Answer: c. “breach”

Using the term “breach” can trigger legal obligations. Instead, refer to the event as a “security incident” or simply what it is, such as “a lost laptop” or “potential malware intrusion.” Your attorney and other risk advisers will help you determine whether a breach, as defined by law, actually occurred.

14) Answer: c. email communication

Care must be taken in managing communications and discussing the incident. Limit discussions to a need-to-know basis, with communications taking place over the phone or face-to-face rather than by email, which may be compromised if an incident is still in progress.

15) Answer: a. a U.S.-based provider with a foreign branch

If your firm outsources work containing PII, the more contacts an offshore provider has in the U.S., the more legal recourse the client and CPA have in the event of an unauthorized PII disclosure.

SCORING 13 to 15 correct = Excellent. Keep it up! 10 to 12 = Good. Build your knowledge! 9 or less correct = Fair.Time to brush up! To learn more about CAMICO’s risk management, breach response services, and cyber coverage, visit www.camico.com and click “Solutions” and “Cyber Coverage.” Or call 1-800-652-1772. www.wscpa.org


TECH TIP

Creating Stand-Alone PivotCharts in Excel 2013 By K2 Enterprises

P

ivotCharts are outstanding tools for helping readers to understand the information communicated in PivotTables. Some PivotTable users describe PivotCharts as graphical extensions of PivotTables because in prior versions of Excel, you needed to build a PivotTable before you could build a related PivotChart. However, beginning with Excel 2013, you can build standalone PivotCharts without an accompanying

PivotTable. In this tip, you will learn how to create standalone PivotCharts, based on Excel’s Data Model feature.

Constructing a Standalone PivotChart

To construct a standalone PivotChart, begin by clicking in or selecting the data range you want to convert to your PivotChart.Then, select PivotChart from the Insert tab of the Ribbon. In the resulting

Š iStock by Getty Images / Shapecharge

Figure 1. Creating a Standalone Pivot Chart in Excel

www.wscpa.org

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TECH TIP

PivotCharts are yet another fantastic feature in Excel, but go largely unnoticed by most Excel users. Perhaps this is because of the previous requirement to build a PivotTable before building a PivotChart. With that requirement vanishing in Excel 2013, there is no reason not to use PivotCharts for enhanced reporting and analytics capabilities in Excel.

Create PivotChart dialog box, check the box next to Add this data to the Data Model, as shown in Figure 1. Click OK to display the PivotChart placeholder and the Field List. Create the PivotChart by dragging fields to the appropriate drop areas in the PivotChart Field List. Re-size, filter, and format the chart as required to complete the chart. A “hidden” PivotTable summarizes the data for this PivotChart just as for any other, but the PivotTable is contained in Excel’s in-memory Data Model and is not visible to users. Furthermore, you can copy or move the PivotChart to another workbook without affecting a user’s ability to modify the chart. This

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allows end-users to use the chart for analysis without needing any knowledge whatsoever of PivotTables.

Summary

PivotCharts are yet another fantastic feature in Excel, but go largely unnoticed by most Excel users. Perhaps this is because of the previous requirement to build a PivotTable before building a PivotChart.With that requirement vanishing in Excel 2013, there is no reason not to use PivotCharts for enhanced reporting and analytics capabilities in Excel. For a video demonstration of this tip, please visit www.tinyurl.com/k2tips190.

Learn More April 21 QuickBooks for Accountants Bellevue (16QBPAP21) or Webcast (16WWQBPAP) April 22 Excel Tips,Tricks and Techniques for Accountants Bellevue (16EXLAP22) or Webcast (16WWEXLAP) Register at www.wscpa.org/cpe/catalog

www.wscpa.org


COMMUNICATION

‘More’ vs. ‘More effective’ Communication By Jen Mueller

M

ore is better. That’s what we’ve been trained to believe in business. Have a problem? Throw more at it until it’s fixed. More time. More money. More resources.

Recall the last time you were trapped in a long conversation at a networking event. How much time did you actually spend listening versus planning your getaway? Think about the long email that recently landed in your inbox. How long did it take for you to figure out what it actually said? Finally, what about the colleague who finds it necessary to go over the details of the upcoming project multiple times? At what point do you get tired of having the same conversation over and over and start avoiding him? More isn’t always better and most of us don’t have time to fit anything more into our schedules. It would be far easier to utilize the conversations that already take place and learn to read between the lines of what your colleagues are actually saying – particularly if they’re talking sports. It’s tempting to write off sports conversations as a waste of time at work. After all, shouldn’t your colleagues be spending more time concentrating on the upcoming deadline and less time talking about their favorite player or ranting about a costly coaching decision? Maybe but consider this: every conversation about a team, a player or a game opens a window to their personalities and communication styles. www.wscpa.org

© iStock by Getty Images / Zager

It shouldn’t be a surprise, then, that most business professionals assume “more” improves communication too. They use more words, spend more time talking and engage in more conversations all in an effort to become better communicators. Those tactics rarely work.

Knowing what makes your colleagues tick allows you to strategize more effective conversations.You’ll be able to position your ideas and messages in ways that get heard and acted on. Knowing what makes your colleagues tick allows you to strategize more effective conversations. You’ll be able to position your ideas and messages in ways that get heard and acted on. You’ll get more out of conversations and the entire staff will work better together. This can be done without scheduling more meetings or engaging in more conversations. All you have to do is be willing to let your colleagues talk sports. Yearly polls show that more than half of all Americans are sports fans. Based on the numbers, there’s a good chance you work with a few of them. In addition, sports talk extends beyond the final score of the game or statistics. It opens the door to a number of conversation topics and connection points that are important in developing relationships. Lastly, sports fans talk to other sports fans regardless

of title, age or work experience. This means it’s just as likely that an executive would talk sports with a recent college graduate as with another executive. Key influencers and decision makers become more accessible when you can use sports as a conversation starter. With that in mind, sports conversations become a key tool in developing business relationships, as well as improving communication. Here are five things you can learn from sports conversations at work: 1. Are they team players? Fans who loyally wear jerseys or team gear enjoy being part of a community, part of “the team.” They likely thrive in group settings and appreciate the camaraderie and the connection that WashingtonCPA Winter 2016

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COMMUNICATION

comes from being a part of a team. This could mean they are good at collaboration and will do better working with others rather than on their own. Use this information to determine how to best work with your colleagues. Is it side-by-side on a project from start to finish, or separately until the final steps? 2. What characteristics or values do they prize? Ask a colleague about his or her favorite player and pay attention to the description. The on-field ability and stats are only part of the attraction. For example, you might hear about Russell Wilson’s poise and leadership, Richard Sherman’s confidence and trash talk, or Marshawn Lynch’s hard-nosed “Beast Mode” running style. If they find those qualities attractive in the Seahawks, they will find them attractive in people they work with and may seek to emulate the traits themselves. This can be particularly helpful in knowing how best to compliment a colleague. 3. How do they respond to a win or a loss? Listening to the way fans talk about the outcome of the game can give you insight into their ability to handle success and failure. Are they gracious winners? Sore losers? Do they blame officials? True colors come through when people talk about a game. Their reaction to wins and losses at work will be similar to how they express their fandom. Consider the timing of your conversation with a colleague who has a strong reaction to success or failure. 4. Are they Monday morning quarterbacks? Secondguessing and criticizing a

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There’s a lot you can learn about your colleagues from their sports talk. Give them a reason to talk and they’ll give you clues on how to get on the same page, reduce miscommunication, eliminate frustrating conversations and increase productivity without doing anything “more.” coaching decision a day or two after the game seems like just part of being a fan, but it is another aspect of behavior that is tied to personality traits. A colleague who consistently second guesses a coach is more likely to challenge or question authority, which — depending on your organization and the degree to which the person does this — can be seen as a good or bad trait. It’s not something to be taken personally if you and a colleague don’t see eye-to-eye on decision making and authority. 5. What are their preferred communication styles? People have different styles, which can be demonstrated by the way each person describes a game. Some people focus on the stats and numbers involved. Those with this communication style usually prefer short, information driven conversations. Others include more details and will talk about the overall game atmosphere, food and entertainment. This style typically

lends itself to longer exchanges. Neither is right or wrong, but recognizing the difference allows you to tailor your message and accommodate different communication styles. There’s a lot you can learn about your colleagues from their sports talk. Give them a reason to talk and they’ll give you clues on how to get on the same page, reduce miscommunication, eliminate frustrating conversations and increase productivity without doing anything “more.” Jen Mueller, America’s Expert Talker, pursued a career in sports broadcasting after repeated comments of “talks too much” from teachers and family members. Jen currently serves as a member of the Seattle Mariners television broadcast team and the radio sideline reporter for the Seattle Seahawks. She founded Talk Sporty to Me in 2009 and is the author of two books. Contact her at jen@talksportytome.com. www.wscpa.org


WSCPA Committee Members: Thank you for your service

Congratulations to the Washington AICPA Committee Appointments for 2015-2016

Thank you to the many members who participate on WSCPA committees and to the following committee chairs for serving during the 2015-2016 year:

Candice Bassell

Sadie Armijo Olga Alexandra Darlington, CPA Government Accounting & Auditing

ABV Credential Committee, Member

Jennifer A. Becker Harris Exempt Organizations Taxation Technical Resource Panel, Member Robert Ross Berntson

Practice Advisory Group, Member

Christopher M. Berry

Airline Revenue Recognition Task Force, Member

Jennifer A. Brenner

Not-for-Profit Organizations Expert Panel, Chair

Dora Burzenski

Audit Issues Task Force, Observer

Nicole Marie Dresser, CPA Taxation

Dora Burzenski

Auditing Standards Board, Member

Gordon T. Edwards

Healthcare Revenue Recognition Task Force, Member

Donna R. Evered, CPA, JD Pacific Tax Institute

Heather Fitzpatrick

Designated Council Representative For One Year, State Rep

Richard J. Fohn

Personal Financial Planning Services Standards Review Task Force,

Dena Anne Herbolich, CPA Women’s Leadership Summit

Member

Richard J. Fohn

PFP Advisory Task Force, Member

David K. James, CPA, CMA Pension and 401(k) Trustees

Erica Forhan

Governmental Audit Quality Center Executive Committee, Chair

Mary E. Joyce, CPA Not-for-Profit

Erica Forhan

National Peer Review Committee, Member

Martin U. Fuhs

Telecommunications Revenue Recognition Task Force, Member

Stacy Harrington

Software Revenue Recognition Task Force, Member

Eric M. Curtiss, CPA Construction Industry Conference

Shannon E. Knipp, CPA Peer Review System RAB

Lori L. Hope

Joint Trial Board, Member

Waylon Jones

Student Recruitment Committee, Member

Lori Laubach

ASEC Privacy Working Group, Member

Katherine L. McCone, CPA Peer Review Engagement RAB

David John Miniken

Council - Elected Members, Member

Christopher B. Morgan

Telecommunications Revenue Recognition Task Force, Member

Jonathan Mark McNicol, CPA South Sound Industry

Justin W. Neff

ASB Sustainability Task Force, Member

Thomas Graham Neill

Uniform Accountancy Act Committee, Member

Jeffrey K. Mock, CPA, ABV, CVA Peer Review Executive

Cheryl R. Olson

Not-for-Profit Advisory Council, Member

Susan L. Paulsen

Healthcare Revenue Recognition Task Force, Member

Randy Marc Multack, CPA Sole Practitioners Group

Ronald George Rauch

Aerospace and Defense Revenue Recognition Task Force, Member

Christopher G. Schmidt

Board of Directors, Member

Varonica Stevens Ragan, CPA Accounting Auditing & Review Standards

Jennifer M. Schmidt

Tax Methods and Periods Technical Resource Panel, Member

Karen C. Scott, CPA, MBA, CVA Financial Statement Review

Kevin R. Sell

IRS Advocacy & Relations Committee, Member

William A. Simer

Council - Elected Members, Member

David A. Stolz

Personal Financial Planning Executive Committee, Member

Amy Sutherland

Board of Examiners (BOE), Member

Amy Sutherland

Content Committee, Chair

Lisa M. Swartos

Auditing & Attestation (AUD) Subcommittee, Member

Ryan Stute, CPA, MSTax International Tax Committee

Louise C.Taylor

Business and Industry Executive Committee, Member

Laurie J.Tish

Professional Ethics Executive Committee, Member

Jeanne Nguyen, CPA Professional Conduct

Susan Wolcott

Pre-certification Education Executive Committee, Member

Cheryl Kathleen Woods

PCPS Executive Committee, Member

Rachel A. Le Mieux. CPA, CMI Washington State Tax Conference

Kevin Wayne Silis IT Directors Norman R. Smith, CPA, PFS, CFP Personal Financial Planning

Other Committees: New Professionals, CPAPAC, Chapter Board Chairs

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Rick Sweeney, A Difference Maker continued from page 4 in tandem to get this legislation passed in Washington in 2008 and also supported other states who wanted to make these changes. In fact, Rick and I testified together before two committees of the California State Board of Accountancy in support of their proposed mobility legislation. We were told at the time that they could not remember a similar joint presentation. In terms of our own mobility legislation, we convened a group of key stakeholders who were already attending a NASBA Annual Meeting and got everyone in the room or on the telephone to finalize the language that we would present to our legislature. Again, no one could remember when an approach such as this had been attempted before, but we were able to finalize our legislative language in a 2-3 hour meeting on a Friday night, instead of going back and forth for several weeks in an iterative process of getting concurrence on language.

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During his varied career, Rick has worked in government, academia, private industry and public accounting. He taught CPE courses and performed peer reviews in almost every state in the US. He was presented the John L. O’Brien Lifetime Achievement Award by WSCPA in 2007 and in 2013 was awarded a similar honor by NASBA, the Lorraine P. Sachs Standard of Excellence Award that recognizes Board of Accountancy staff leaders who demonstrate excellence in regulation and make a positive impact on the profession. Rick has announced his retirement as of January 31, 2016, assuming the Governor has appointed his replacement by then. If not, he will stay on for a bit longer. He has built a very capable staff ably led day-to-day by his Deputy Director, Jennifer Sciba. She has been instrumental in helping Rick create an outstanding staff. Likewise, Tom Sadler, the former Deputy

Director, was side by side with Rick for several years as we all collectively worked with highly qualified and motivated state board members to make our state board among the best in the country. It has been an honor and a privilege to work with Rick over this past decade. We have become close friends who can disagree without being disagreeable. I will miss working with him and travelling with him in our professional pursuits. I definitely would not have been able to accomplish alone what we have done together, and it certainly would not have been as much fun. I will also miss the company of his very charming wife, Anne, who has always been a key part of his success. All CPAs in Washington owe Rick a great debt of gratitude. Our profession is better because of him. Best wishes for a long and healthy retirement, my friend.

www.wscpa.org


WASHINGTON CPA FOUNDATION

Starting the Year Thankful, Looking Toward Foundation’s Future By Kimberly Scott, CAE

T

hank you to everyone who contributed to the Washington CPA Foundation in 2015. Your contributions allowed the Foundation to grant substantial scholarships to 21 promising and appreciative students. It is exciting to encourage these individual students on their journeys toward earning the CPA designation, as it also benefits the profession.

Want to help spread the word about scholarships?

or reshelve books for 527 hours*

It is projected that CPAs will be increasingly in demand in the near future. Although university accounting programs in Washington State are at full capacity, not every accounting student recognizes the value of the CPA designation. Those who dream of becoming a CPA must invest in an extra year or two of college. Providing scholarships not only helps defray college costs, but also demonstrates to students that CPAs believe in them and want them to join the profession. By now you’ve probably heard that the Foundation will be awarding 40 scholarships this year—totaling $200,000—to accounting students in Washington in 2016. The Foundation is doubling the number of scholarships awarded and increasing the individual awards to $5,000. How exciting! The Foundation is able to provide these scholarships due to named and endowed scholarship providers, WSCPA members who contribute each year, and funding from the State Board of Accountancy as stated in legislation. This year the Foundation would like to ask for your help either in getting the word out to students or by participating in reviewing scholarship applications. •

In order to spread the word about the scholarships, staff and volunteers are visiting or

www.wscpa.org

or flip burgers or for 527thours* wai tables for 527 hours*

Contact us to request posters or brochures.

or s prune shrub for 527 hours*

notifying colleges throughout the state. If you are already visiting campuses, or if you would like to, please contact us to request materials. Please see an example of our campaign on the back cover of this magazine. •

If you are interested in volunteering to review scholarship applications in March, please let me know. We are looking to increase our review committee by 20 volunteers.

The criteria for applying for a scholarship is still the same. You can find the details at www.wscpa.org/become-a-cpa/ scholarships. This year the application is completely online and the process of applying has been streamlined to make it easier for both students and those providing letters of recommendation.

Look for other exciting programs from the Foundation in 2016.

The Foundation is looking at supporting organizations that help increase the ethnic diversity of the CPA pipeline. They are specifically looking to support

programs that focus on students in kindergarten through community college. If you are aware of or work for an organization or school that has, or is looking to establish, a program to promote the CPA profession to under-represented groups, please watch for this opportunity. Be on the lookout for another program related to the future of the Foundation. The funding from the State Board, as stated in the contract, must be depleted within 20 years. The Foundation trustees want to be prepared to provide scholarships in the future, or whatever it may be that is necessary to continue to support the future of the profession in Washington State. Thank you again for believing in and supporting the future of the CPA profession! Kimberly Scott, CAE, is Executive Director of the Washington CPA Foundation. You can contact her at kscott@wscpa.org.

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PHOTO ALBUM

Pacific Tax Institute November 4-5, 2015 Bell Harbor International Conference Center, Seattle

Follow us

for event photos/updates

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WashingtonCPA Winter 2016

www.wscpa.org


Golf Tournament Monday, June 13

Woodinville, WA

Only $135/person, includes golf, lunch, dinner, drinks, cart and prizes Sponsorships are available. Register at www.wscpa.org/golf

Spokane Area WSCPA/RMA Golf Outing Thursday, May 26

Worley, ID

Only $150/person, includes golf, cart, driving range use, dinner, no-host reception Sponsorships are available. Register starting March 10 at www.wscpa.org/spokanegolf www.wscpa.org

WashingtonCPA Winter 2016

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CHAPTERS

Get involved in

YOUR LOCAL CHAPTER www.wscpa.org/chapters Date

CPE

Event

Location

Bellevue Area Chapter

Bellevue

Jan 19

2

Federal Tax Update, 7:30am-9:30am

16CHBVJA19

Maggiano’s - Lincoln Square

May 19

2

State and Local Tax Update, 7:30am-9:30am

16CHBVMY19

Maggiano’s - Lincoln Square

Bellingham Area Chapter Jan 21

2

Annual Tax Update, 7:30am-9:30am

Bellingham 16CHBLJA21

Everett Area Chapter May 10

1.5

Professional Update, 7:30am-9:30am

Bellingham Golf and Country Club Everett

16CHEVMY10

Olympia Area Chapter

Holiday Inn Everett Olympia

Mar 2

2

Long Term Care Costs - Issues, Strategies, & Medicaid Myths, 12pm-2pm

16CHOLMR02

Indian Summer Golf

Apr 6

2

What’s Next for the City of Olympia? 12pm-2pm

16CHOLAP06

Indian Summer Golf

May 4

2

WSBOA & WSCPA Update, 12pm-2pm

16CHOLMY04

Indian Summer Golf

Spokane Area Chapter

Spokane

Jan 13

The Lincoln Center

2

A Review of the National, Regional and Local Economies and a Look Forward to 2016, 16CHSPJA13 11:30am-1:30pm

Tacoma Area Chapter

Federal Way

Jan 14

2

Tax Considerations and Preparing Returns for Legal Marijuana Businesses with a Bonus Happy Hour, 3:00pm-6:00pm

16CHTAJA14

Courtyard by Marriott

Jan 20

2

Federal Tax Update, 7:30am-9:30am

16CMSSIJA

Courtyard by Marriott

Feb 17

2

Cyber/IT Security - Including the Cloud, 7:30am-9:30am

16CMSSIFE

Courtyard by Marriott

Mar 16

2

Business Ownership Succession Planning, 7am-9:30am

16CMSSIMR

Courtyard by Marriott

Apr 20

2

State Nexus: It’s Worse Than You Think! Washington State Tax Update, 7:30am-9:30am

16CMSSIAP

Courtyard by Marriott

Tri-Cities Area Chapter

Kennewick

Jan 11

1

Federal Tax Update, 12pm-1pm

16CHTCJA11

Country Gentleman Restaurant

May 9

1

State and Local Tax Update, 12pm-1pm

16CHTCMY09

Country Gentleman Restaurant

30

WashingtonCPA Winter 2016

www.wscpa.org


Free Tax Podcasts www.wscpa.org/more/podcasts

www.wscpa.org

WashingtonCPA Winter 2016

31


32

WashingtonCPA Winter 2016

www.wscpa.org


CPE Digest Boxer Brenda, CPA

I’m preparing for a knockout tax season by attending the Tax Advisors Update with Andy Biebl and Chris Hesse.

Register now for the 2015 Tax Advisors Update with Andy Biebl and Chris Hesse and you’ll discover why so many CPAs prepare for a knockout tax season with these all star trainers. Register now for your WSCPA tax updates and make this the best tax season yet.

www.wscpa.org

Tax season is on its way. Are you prepared? Andy Biebl

Chris Hesse

www.wscpa.org/cpe/catalog

WashingtonCPA Winter 2016

33


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS

Fees

Date

Course

CPE

Code

Credits

EVENTS#BY LOCATION WSCPA education and events scheduled for January - May 2016 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE & Event Catalog at www.wscpa.org/cpe/ catalog, you can search by location. Type

LEARN MORE To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/cpe/catalog.

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

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

Facility

A&A CS EB PFP

SUBJECTS The main subject area is listed for each program.

Ethics GNP MG PD SK TAX

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

TEC

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

Fees

Date

Code

Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations, 8am4pm

16TFBCJA

310

410

WSCPA

TAX

Webcast also available

16WWTFBCJA

300

400

Webcast

TAX

Federal Tax Update, 8am-4pm

16GGFTUJA

295

395

WSCPA

TAX

Webcast also available

16WWGGFTU

285

385

WSCPA

TAX

Key Tax Issues Facing Members In Industry: Affordable Care Act and Other Updates, 8am-4pm

16KEYIJA14

295

395

WSCPA

TAX

Webcast also available

16WWKEYIJA

295

395

Webcast

TAX

Cutting Edge Tax Strategies: Everything You Always Wanted to Know about Real Estate (But Were Afraid to Ask), 8am-4pm

16CEREJA18

295

395

WSCPA

TAX

Webcast also available

16WWCEREJA

285

385

Webcast

TAX

l S

Federal Tax Update, 7:30am-9:30am

16CHBVJA19

35

45

Maggiano's - Lincoln Square

TAX

Federal Taxation of Legal Marijuana, 8am-11:30am

16FTLMJA

129

159

WSCPA

TAX

ç

Webcast also available

16WWFTLM

129

159

WSCPA

TAX

315

415

WSCPA

A&A

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

Credits Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Ø

Course

CPE

#

Subject

Subject

Bellevue 1/12

8

1/13

8 ç

1/14

8

1/18

8

1/19

2

1/20

4

1/25

8

The Business Financial Health Checkup: A Process to Identify Misstatements and Profitability Roadblocks Using Analytical Procedures by Walter Haig, 8am-4pm

16BFHCJA25

1/26

8

2015 Tax Advisors Update, 8am-4pm

16BTAUJA26

345

445

Meydenbauer Center

TAX

Webcast also available

16WWBTAUJA

335

435

Webcast

TAX

1/26

8

Accounting Standards for Small- and Medium-Sized Businesses: the Annual Update and Review of GAAP and the Tax, Cash, and AICPA Special Purpose Frameworks by Walter Hai, 8am-4pm

16ASURJA26

315

415

WSCPA

A&A

1/27

8

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

16CRURJA27

315

415

WSCPA

A&A

Webcast also available

16WWCRURJA

305

405

Webcast

A&A

1/28

8

The Personal Financial Health Checkup: A process on how to become “Financially Self-Sufficient” by Walter J. Haig, 8am-4pm

16PFHCJA28

315

415

WSCPA

A&A

1/29

8

AICPA's Annual Federal Tax Update, 8am-4pm

16PTUJA

295

395

-30

WSCPA

TAX

Webcast also available

16WWPTUJA

285

385

-30

Webcast

TAX

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

16ETJRMR15

185

225

WSCPA

Ethics

Annual Accounting Update and Review for Accountants in Industry, 8am-4pm

16AAUDIMR

295

395

WSCPA

A&A

Webcast also available

16WWAAUDIM

285

385

Webcast

A&A

3/15

4

3/28

8

E

ç New |  Non-tech credits |

34

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Winter 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS Fees

Date

Course

CPE

Code

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

Credits

# 3/29

Type

8

4/19

8

4/20

8

4/21

8

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Financial Statement Presentation and Disclosure - A Realistic Approach, 16FSPDMR29 8am-4pm

295

395

WSCPA

A&A

Webcast also available

16WWFSPDMR

285

385

Webcast

A&A

Lean Accounting: Higher Profits by Streamlining Operations, 8am-4pm

16LAMAAP

295

395

-30

WSCPA

A&A

Webcast also available

16WWLAMAAP

285

385

-30

Webcast

A&A

Annual Update for Controllers, 8am-4pm

16SKSBAP

295

395

-30

WSCPA

MG

Webcast also available

16WWSKSBAP

285

385

-30

Webcast

MG

QuickBooks for Accountants, 8am-4pm

16QBPAP21

295

395

WSCPA

TEC

Webcast also available

16WWQBPAP

285

385

Webcast

TEC

4/22

8

Excel Tips, Tricks and Techniques for Accountants, 8am-4pm

16EXLAP22

295

395

WSCPA

TEC

4/25

8

The 8-Hour MBA:Value Added, 8am-4pm

168MBAVAP

295

395

WSCPA

MG

4/26

8

The 8-Hour MBA: Business Strategy, 8am-4pm

168MBABAP

295

395

WSCPA

MG

4/28

8

The New Controllership: Keys to Boosting Corporate Performance, 8am-4pm

16CCOFAP

295

395

-30

WSCPA

MG

Webcast also available

16WWCCOFAP

285

385

-30

Webcast

MG

4/29

8

Advanced Business Law for CPAs, 8am-4pm

16ABLTAP

295

395

-30

WSCPA

MG

Webcast also available

16WWABLTAP

285

385

-30

Webcast

MG

CPA Succession Planning, 8am-4pm

16CPASMY10

300

400

WSCPA

SK

Webcast also available

16WWCPASMY

290

390

Webcast

SK

300

400

WSCPA

TAX

5/10

8

5/11

8

Fringe Benefits, 8am-4pm

16FBMY11

Webcast also available

16WWFBMY

290

390

Webcast

TAX

5/16

8

Combating Fraud: Turning Vulnerability to Victory Every Day, 8am-4pm

16CFVVMY

310

410

WSCPA

A&A

5/17

8

Current Developments and Best Practices for Today’s CFOs and Controllers, 8am-4pm

16TCFOMY

310

410

WSCPA

MG

5/19

2

State and Local Tax Update, 7:30am-9:30am

16CHBVMY19

35

45

Maggiano's - Lincoln Square

TAX

5/23

8

16BFHCMY23 The Business Financial Health Checkup: A Process to Identify Misstatements and Profitability Roadblocks Using Analytical Procedures by Walter Haig, 8am-4pm

315

415

WSCPA

A&A

l S

Bellingham 2

ç l

Annual Tax Update, 7:30am-9:30am

16CHBLJA21

35

35

Bellingham Golf and Country Club

TAX

4/25-26

16

u

Governmental Accounting & Auditing Conference 2016 (Everett), 8am-5pm

16GAACE

385

485

Everett TBA

GNP

5/10

1.5

ç l

Professional Update, 7:30am-9:30am

16CHEVMY10

35

40

Holiday Inn Everett

TAX

1/21 Everett

Federal Way 1/14

2

l S

Tax Considerations and Preparing Returns for Legal Marijuana Businesses with a Bonus Happy Hour, 3:00pm - 6:00pm

16CHTAJA14

35

45

Courtyard by Marriott

TAX

1/20

2

l S

Federal Tax Update, 7:30am-9:30am

16CMSSIJA

30

30

Courtyard by Marriott

TAX

2/17

2

l S

Cyber/IT Security - Including the Cloud, 7:30am-9:30am

16CMSSIFE

30

30

Courtyard by Marriott

TEC

3/16

2

l S

Business Ownership Succession Planning, 7am-9:30am

16CMSSIMR

30

30

Courtyard by Marriott

MG

4/20

2

l S

State Nexus: It's Worse Than You Think! Washington State Tax Update, 7:30am-9:30am

16CMSSIAP

30

30

Courtyard by Marriott

TAX

5/18

4

E

Washington CPA Ethics and New Developments by Mark Hugh (A WA Requirement) Sponsored by the South Sound Industry Chapter, 7:30am-11:30am

16ETMHMY18

150

150

Courtyard by Marriott

Ethics

ç New |  Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Winter 2016

35


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS

Fees

Date

Course

CPE

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

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

Credits

#

Type

1/11

1

l S

Federal Tax Update, 12pm-1pm

16CHTCJA11

20

20

Country Gentleman Restaurant

TAX

5/9

1

l S

State and Local Tax Update, 12pm-1pm

16CHTCMY09

20

20

Country Gentleman Restaurant

TAX

3/2

2

l S

Long Term Care Costs - Issues, Strategies, & Medicaid Myths, 12pm2pm

16CHOLMR02

40

40

Indian Summer Golf

PFP

4/6

2

l S

What's Next for the City of Olympia?, 12pm-2pm

16CHOLAP06

40

40

Indian Summer Golf

MG

5/4

2

l S

WSBOA & WSCPA Update, 12pm-2pm

16CHOLMY04

40

40

Indian Summer Golf

SK

Kennewick

Olympia

Seattle 1/25

8

2015 Tax Advisors Update, 8am-4pm

16BTAUJA25

345

445

Bell Harbor Conf Ctr

TAX

5/9

8

u

International Tax Conference 2016, 8am-5pm

16INTC

295

395

Bell Harbor Conf Ctr

TAX

5/17

8

u

Health Care Conference 2016, 8am-5pm

16HCC

280

380

Bell Harbor Conf Ctr

SK

5/18

8

u

Women's Leadership Summit 2016, 8am-5pm

16WLS

305

405

Bell Harbor Conf Ctr

PD

2015 Tax Advisors Update, 8am-4pm

16BTAUJA27

345

445

Mirabeau Park Hotel

TAX

Spokane 1/27

8

4/25-26

16

u

Governmental Accounting and Auditing Conference 2016 (Spokane), 8am-5pm

16GAACS

385

485

NE WA Educ Svc District 101

GNP

16

u

Governmental Accounting and Auditing Conference 2016 (Tacoma), 8am-5pm

16GAACT

395

495

Tacoma Convention & Trade Ctr

GNP

Webcast also available

16WWGAAC

385

485

Webcast

GNP

Tacoma 4/25-26

Your Desk - Webcasts and Webinars 1/12

8

Choice of Entity Workshop WEBCAST, 8:30am-4:30pm

16WBCJA12B

275

375

Webcast

TAX

1/12

8

Staying Current with Nonprofit Accounting and Auditing WEBCAST, 8:30am-4:30pm

16WBCJA12A

275

375

Webcast

A&A

1/13

8

Advanced Tax Collection Defense WEBCAST, 8:30am-4:30pm

16WBCJA13C

275

375

Webcast

TAX

1/13

4

Controller’s Update: Today's Latest Trends WEBCAST, 10am-2pm

16WBBJA13A

149

199

Webcast

MG

1/13

8

Controls, Risks and Financial Reporting WEBCAST, 8:30am-4pm

16WBCJA13B

275

375

Webcast

A&A

1/13

8

Partnership and LLC Taxation: Advanced Issues, Including Transfers of Interests and Liquidations WEBCAST, 8:30am-4pm

16WBCJA13A

275

375

Webcast

TAX

1/13

2

Trusts – Accounting and Taxation WEBINAR, 10am-12pm

16WNCJA13A

79

94

Webinar

TAX

1/14

1

AICPA Conflicts of Interest: A New 2015 Approach WEBCAST, 9am10am

16WBAJA14A

39

59

Webcast

SK

1/14

4

Capitalized Costs and Depreciation: Key Issues and Answers WEBCAST, 10am-2pm

16WBBJA14A

149

199

Webcast

TAX

1/14

2

Partnerships and LLCs: Tax Issues in Forming the Entity WEBINAR, 7am-9am

16WNCJA14A

79

94

Webinar

TAX

1/14

2

Partnerships and LLCs: Tax Issues in a Sale or Liquidation WEBINAR, 10am-12pm

16WNCJA14B

79

94

Webinar

TAX

1/15

2

Nuts & Bolts: Detecting & Deterring Fraud in Small Business WEBINAR, 12pm-2pm

16WNCJA15A

79

94

Webinar

A&A

1/18

2

FICA/Self-Employment Tax Exposure: S Corps & Partnerships WEBINAR, 12pm-2pm

16WNCJA18A

79

94

Webinar

TAX

1/18

8

Form 1041 Workshop WEBCAST, 8:30am-4pm

16WBCJA18A

275

375

Webcast

TAX

1/18

8

Transform Your Busy Season with Technology Tools You Already Use WEBCAST, 8:30am-4:30pm

16WBCJA18B

275

375

Webcast

TEC

1/19

8

Advanced Auditing of HUD-Assisted Projects WEBCAST, 8:30am-4pm

16WBCJA19A

275

375

Webcast

GNP

Y

ç New |  Non-tech credits |

36

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Winter 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS Fees

Date

Course

CPE

Code

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

Credits

#

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

1/19

8

Nine Tax & Financial Planning Topics That Will Make You a Hero to Your Clients WEBCAST, 8:30am-4:30pm

16WBCJA19B

275

375

Webcast

TAX

1/19

4

Smart Tax Planning Strategies for Individuals WEBCAST, 10am-2pm

16WBBJA19A

149

199

Webcast

TAX

1/20

8

Affordable Care Act - Review and Update WEBCAST, 8:30am-4:30pm

16WBCJA20B

275

375

Webcast

TAX

1/20

8

Compilations and Reviews: Risks, Procedures and Fraud WEBCAST, 8:30am-4:30pm

16WBCJA20C

275

375

Webcast

A&A

1/20

2

Deceit, Lies and Embezzlement: How I Stole $350,000 WEBINAR, 7am-9am

16WNCJA20A

79

94

Webinar

A&A

1/20

8

LLCs and Partnerships: Review of Selected Topics WEBCAST, 8:30am4pm

16WBCJA20A

275

375

Webcast

TAX

1/20

4

New FASB Developments for Business & Industry WEBCAST, 10am2pm

16WBBJA20A

149

199

Webcast

A&A

1/21

2

Live Video Interview with Elder Fraud Expert David Kessler WEBINAR, 16WNCJA21A 9am-11am

79

94

Webinar

A&A

1/21

8

Preparing Complex 1040s WEBCAST, 8:30am-4:30pm

16WBCJA21A

275

375

Webcast

TAX

1/21

8

Strategies for Tax Dispute Resolution WEBCAST, 8:30am-4:30pm

16WBCJA21B

275

375

Webcast

TAX

1/22

8

Avoiding Tax Malpractice WEBCAST, 8:30am-4:30pm

16WBCJA22A

275

375

Webcast

TAX

1/22

8

Effective Workpaper Techniques: Building a Better Workpaper WEBCAST, 8:30am-4:30pm

16WBCJA22B

275

375

Webcast

A&A

1/22

2

Profit Improvement: Use Process Analysis to Identify Opportunities WEBINAR, 9am-11am

16WNCJA22A

79

94

Webinar

A&A

1/22

8

Tax Considerations for Buying and Selling a Business WEBCAST, 8:30am-4:30pm

16WBCJA22C

275

375

Webcast

TAX

1/25

2

KPI Dashboards - The New Financial Reporting Model WEBINAR, 10am-12pm

16WNCJA25A

79

94

Webinar

MG

1/25

8

Stopping Fraud in Your Business WEBCAST, 8:30am-4:30pm

16WBCJA25A

275

375

Webcast

A&A

1/26

2

Captive Insurance: An Effective Financial and Risk Management WEBINAR, 12pm-2pm

16WNCJA26A

79

94

Webinar

TAX

1/26

2

Cash Flow Forecasting: Helping Your Clients Plan Better for the Future WEBCAST, 10am-12pm

16WBAJA26A

79

109

Webcast

PFP

1/26

8

Fraud and the CPA Profession WEBCAST, 8:30am-4pm

16WBCJA26A

275

375

Webcast

A&A

1/26

2

Travel and Entertainment Expenses: Review and Update WEBINAR, 8am-10am

16WNCJA26B

79

94

Webinar

TAX

1/27

8

Advising Clients of Social Security Benefits WEBCAST, 8:30am-4pm

16WBCJA27A

275

375

Webcast

PFP

1/27

8

Business Valuation: A Review of the Essentials WEBCAST, 8:30am-4pm

16WBCJA27C

275

375

Webcast

A&A

1/27

8

Fundamentals of Partnership Taxation WEBCAST, 8:30am-4pm

16WBCJA27B

275

375

Webcast

TAX

1/27

2

Time To Get Serious About Information Security WEBINAR, 11am1pm

16WNCJA27A

79

94

Webinar

TEC

1/28

8

Audits of 401(k) Plans WEBCAST, 8:30am-4pm

16WBCJA28A

275

375

Webcast

A&A

1/28

4

Social Security and Medicare: Maximizing Retirement Benefits WEBCAST, 10am-2pm

16WBBJA28A

149

199

Webcast

TAX

1/29

2

Beyond Traditional Budgeting: Reduce Work and Improve Control WEBINAR, 9am-11am

16WNCJA29A

79

94

Webinar

MG

1/29

8

Construction Contractors: Special Tax and Accounting Considerations WEBCAST, 8:30am-4:30pm

16WBCJA29B

275

375

Webcast

A&A

1/29

8

Fresh Start, Fair Value and Impairment Accounting WEBCAST, 8:30am-4:30pm

16WBCJA29A

275

375

Webcast

A&A

1/29

2

Internet Security Tools for Accountants WEBINAR, 7am-9am

16WNCJA29B

79

94

Webinar

TEC

1/30

2

Y

Yellow Book: Heartburn Inducing Requirements SATURDAY WEBINAR, 7am-9am

16WNSJA30A

79

94

Webinar

GNP

2/1

8

Y

Applying the Uniform Guidance for Federal Awards in Your Single Audits WEBCAST, 7:30am-3:30pm

16WBBFE01A

249

345

Webcast

GNP

2/1

2

Excel Basic Series Part 1 - Design & Efficiency WEBINAR, 8am-10am

16WNCFE01A

79

94

Webinar

TEC

ç New |  Non-tech credits |

www.wscpa.org

-30

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Winter 2016

37


There’s a better way to recharge Attend WSCPA Conferences

38

WashingtonCPA Winter 2016

www.wscpa.org


2016 Conferences Great topics - phenomenal speakers opportunities too amazing for you to miss! April 25-26 Governmental Accounting & Auditing Conference May 9 International Tax Conference May 17 Health Care Conference May 18 Women’s Leadership Summit June 24 Washington State Tax Conference August 2 Farm Tax Conference

November 2-3 Pacific Tax Institute November 7 Accounting & Auditing Conference November 14-15 Pacific NW Construction Industry November 17-18 Not-For-Profit Conference December 9 Fraud Conference webcast available

REGISTER NOW www.wscpa.org/conferences | (425) 644-4800 www.wscpa.org

WashingtonCPA Winter 2016

39


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS

Fees

Date

Course

CPE

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

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

Credits

#

Code

Type

2/1

2

Excel Basic Series Part 2 - Design & Formatting WEBINAR, 11am-1pm

16WNCFE01B

79

94

Webinar

TEC

2/2

2

Why Do We Need Another Basis of Accounting - FRF for SMEs? WEBINAR, 8am-10am

16WNCFE02A

79

94

Webinar

A&A

2/3

2

Cloud Accounting Software - Accountant's Program Review WEBINAR, 16WNCFE03A 12pm-2pm

79

94

Webinar

TEC

2/4

2

ABC's of Building a Cloud Accounting Services Practice WEBINAR, 9am-11am

16WNCFE04A

79

94

Webinar

TEC

2/5

8

Reformatted Financial Statements 2015: Is the Endgame in Sight? WEBCAST, 8:30am-4pm

16WBCFE05A

275

375

Webcast

A&A

2/8

8

Create Reports that Matter: Turn Information into Action WEBCAST, 8:30am-4pm

16WBCFE08A

275

375

Webcast

MG

2/8

2

Excel Formula Expert Series Part 3 - Lookup & Reference WEBINAR, 7am-9am

16WNCFE08A

79

94

Webinar

TEC

2/8

2

Excel Formula Expert Series Part 4 - Financial, Stats & Math WEBINAR, 16WNCFE08B 10am-12pm

79

94

Webinar

TEC

2/9

8

Cost Principles for State and Local Governments and Nonprofit Organizations WEBCAST, 8:30am-4pm

16WBCFE09A

275

375

Webcast

GNP

2/9

2

How Will You Handle the New Revenue Recognition Standard? WEBINAR, 7am-9am

16WNCFE09A

79

94

Webinar

A&A

2/9

2

2/10

8

2/10

Y

Spreadsheet Risk - Can it be Eliminated? WEBINAR, 9am-11am

16WNCFE09B

79

94

Webinar

TEC

Single Audits: A Case Study Approach WEBCAST, 8:30am-4pm

16WBCFE10A

275

375

Webcast

GNP

2

Small Business Health Insurance Reimbursement & Penalty WEBINAR, 8am-10am

16WNCFE10A

79

94

Webinar

TAX

2/11

1

AICPA Conflicts of Interest: A New 2015 Approach WEBCAST, 9am10am

16WBAFE11A

39

59

Webcast

SK

2/11

4

Compilation, Preparation, and Review Engagements Update WEBCAST, 10am-2pm

16WBBFE11A

149

199

Webcast

A&A

2/11

8

Detecting Fraudulent Financial Reporting WEBCAST, 8:30am-4pm

16WBCFE11A

275

375

Webcast

A&A

2/11

8

Enterprise Risk Management for Small and Medium-Sized Enterprises: Enhance Fraud Protection and Profitability in Your Organization WEBCAST, 8:30am-4pm

16WBCFE11B

275

375

Webcast

A&A

2/12

2

Creating Breakthrough Strategies in an Ever-Changing World WEBINAR, 9am-11am

16WNCFE12A

79

94

Webinar

MG

2/12

8

Disclosure:The Key to Financial Statements WEBCAST, 8:30am-4:30pm

16WBCFE12A

275

375

Webcast

A&A

2/12

8

Financial Statement Analysis for Managers WEBCAST, 8:30am-4pm

16WBCFE12B

275

375

Webcast

A&A

2/12

2

Passive Activities: Helping Clients Survive the IRS’s Challenges WEBINAR, 10am-12pm

16WNCFE12B

79

94

Webinar

TAX

2/16

2

Social Security and Spousal Benefits WEBINAR, 11am-1pm

16WNCFE16A

79

94

Webinar

PFP

2/16

2

Social Security: Public Employee Issues: Social Security Research Techniques WEBINAR, 8am-10am

16WNCFE16B

79

94

Webinar

TAX

2/17

2

5 Elements of a Finding WEBINAR, 10am-12pm

16WNCFE17A

79

94

Webinar

GNP

2/17

8

Documentation Requirements, Design and Reviewing Techniques of Workpapers WEBCAST, 8:30am-4pm

16WBCFE17A

275

375

Webcast

A&A

2/18

4

Financial Statement, Tax and Government Fraud WEBCAST, 1:00pm - 4:30pm

16WBCFE18B

140

188

Webcast

A&A

2/18

4

Forensic Accounting: Uncovering Schemes and Scams WEBCAST, 10am-2pm

16WBBFE18A

149

199

Webcast

A&A

2/18

4

Practical Guide to Accounting Fraud WEBCAST, 8:30am-12pm

16WBCFE18A

140

188

Webcast

A&A

2/18

2

The Complex Area of Partnership Allocations - Properly Dividing Up the Items on the Form 1065 WEBINAR, 7am-9am

16WNCFE18A

79

94

Webinar

TAX

2/19

8

Financial Modeling and Driver-Based Planning WEBCAST, 8:30am-4pm

16WBCFE19A

275

375

Webcast

A&A

2/19

8

Private Company Reporting Options: More Changes Ahead WEBCAST, 8:30am-4pm

16WBCFE19B

275

375

Webcast

A&A

Y

Y

ç New |  Non-tech credits |

40

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Winter 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS Fees

Date

Course

CPE

Code

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

Credits

#

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

2/19

2

Profit Improvement: Use Process Analysis to Identify Opportunities WEBINAR, 9am-11am

16WNCFE19A

79

94

Webinar

A&A

2/19

4

Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 10am-2pm

16WBBFE19A

149

199

Webcast

MG

2/22

8

Audit Standards Update: Clarity Standards Overview WEBCAST, 8:30am-4:30pm

16WBCFE22B

275

375

Webcast

A&A

2/22

8

Corporate Governance, Fraud and Control: Setting the Strategy and Executing it Efficiently WEBCAST, 8:30am-4pm

16WBCFE22A

275

375

Webcast

A&A

2/22

2

Excel Formula Expert Series Part 5 - Debug & Troubleshoot WEBINAR, 10am-12pm

16WNCFE22A

79

94

Webinar

TEC

2/23

8

Audit Standards Update: Clarifying Risk Assessment WEBCAST, 8:30am-4:30pm

16WBCFE23A

275

375

Webcast

A&A

2/23

2

Cash Flow Forecasting: Helping Your Clients Plan Better for the Future WEBCAST, 10am-12pm

16WBAFE23A

79

109

Webcast

PFP

2/23

2

Financial Infidelity and Divorce Strategies WEBINAR, 8am-10am

16WNCFE23A

79

94

Webinar

CS

2/24

2

Excel Formula Expert Series Part 6 - Proofing & Auditing WEBINAR, 10am-12pm

16WNCFE24A

79

94

Webinar

TEC

2/24

8

Governmental and Nonprofit Annual Update WEBCAST, 8:30am-4pm

16WBCFE24A

275

375

Webcast

GNP

2/24

4

Social Security and Medicare: Maximizing Retirement Benefits WEBCAST, 10am-2pm

16WBBFE24A

149

199

Webcast

TAX

2/25

2

Cloud Accounting Review Series - Systems Overview WEBINAR, 8am-10am

16WNCFE25A

79

94

Webinar

TEC

2/25

8

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

16WBCFE25B

275

375

Webcast

GNP

2/25

8

Key Ratio Analysis WEBCAST, 8:30am-4pm

16WBCFE25A

275

375

Webcast

A&A

2/25

2

The Digital Office - The CPA Technology Toolkit WEBINAR, 11am-1pm

16WNCFE25B

79

94

Webinar

TEC

Y

Y

Save Big with Season Tickets WSCPA members save $100 on each eight-hour CPE program. Save even more by purchasing a Season Ticket or Coupon Book. •

With the Season Ticket, you can take 40 or 80 credits of CPE at a significant savings off the regular price of CPE.

Similarly, Coupon Books are the cost effective way to purchase 80 CPE credits and save 20%. With a Coupon Book, you have the option to share the savings wit h your colleagues. ç New |  Non-tech credits |

www.wscpa.org

Season Ticket

40

$1,150 40 CPE credits

Only $230 per 8-hour CPE program — at least 22% savings

Season Ticket

80

$2,045 80 CPE credits

Only $204.50 per 8-hour CPE program — at least 34% savings

Learn more and order at www.wscpa.org/value .

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Winter 2016

41


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS

Fees

Date

Course

CPE

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

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

Credits

#

Code

Type

2/26

8

Top 10 Tools for CFOs to be More Effective Business Partners WEBCAST, 8:30am-4pm

16WBCFE26A

275

375

Webcast

MG

2/29

2

Cloud Accounting Practice Toolkit WEBINAR, 10am-12pm

16WNCFE29A

79

94

Webinar

MG

2/29

4

Engagement Essentials: Preparation, Compilation, and Review of Financial Statements WEBCAST, 7:30am-3:30pm

16WBBFE29A

149

199

Webcast

A&A

3/1

2

Financial Planning Strategies for Life Wealth Cycles WEBINAR, 10am12pm

16WNCMR01A

79

94

Webinar

PFP

3/2

2

Detecting and Preventing T&E Fraud WEBINAR, 10am-12pm

16WNCMR02A

79

94

Webinar

A&A

3/3

4

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls WEBCAST, 10am-2pm

16WBBMR03A

149

199

Webcast

A&A

3/3

2

What You Need to Know About the New AICPA PFP Standards WEBINAR, 11am-1pm

16WNCMR03A

79

94

Webinar

PFP

3/7

2

IRS Representation: Key Strategies to Represent Your Clients WEBINAR, 11am-1pm

16WNCMR07A

79

94

Webinar

TAX

3/7

8

Revenue: Present and Future WEBCAST, 8:30am-4:30pm

16WBCMR07A

275

375

Webcast

A&A

3/9

2

1040 Tax Document Automation Systems Review WEBINAR, 12pm2pm

16WNCMR09A

79

94

Webinar

TEC

3/9

4

Controller’s Update: Today's Latest Trends WEBCAST, 10am-2pm

16WBBMR09A

149

199

Webcast

MG

3/9

2

How Will You Handle the New Revenue Recognition Standard? WEBINAR, 7am-9am

16WNCMR09B

79

94

Webinar

A&A

3/10

2

2015 Technology Update WEBINAR, 12pm-2pm

16WNCMR10A

79

94

Webinar

TEC

3/10

1

AICPA Conflicts of Interest: A New 2015 Approach WEBCAST, 9am10am

16WBAMR10A

39

59

Webcast

SK

3/10

2

Dealing with the Net Investment Income Tax and Additional Medicare Tax WEBINAR, 11am-1pm

16WNCMR10B

79

94

Webinar

TAX

3/11

2

Cloud Systems - How Do I Know My Data is Safe and Secure? WEBINAR, 11am-1pm

16WNCMR11A

79

94

Webinar

TEC

3/14

2

Nuts & Bolts: Detecting & Deterring Fraud in Small Business WEBINAR, 12pm-2pm

16WNCMR14A

79

94

Webinar

A&A

3/15

2

Asset Protection Strategies WEBINAR, 7am-9am

16WNCMR15A

79

94

Webinar

PFP

3/15

8

Audits of State and Local Governments: What You Need to Know WEBCAST, 8:30am-4pm

16WBCMR15A

275

375

Webcast

A&A

3/16

8

Basic Concepts of Governmental Accounting, Financial Reporting and Auditing WEBCAST, 8:30am-4pm

16WBCMR16A

275

375

Webcast

GNP

3/16

2

Time To Get Serious About Information Security WEBINAR, 12pm2pm

16WNCMR16A

79

94

Webinar

TEC

3/17

8

Cash and Credit Management WEBCAST, 8:30am-4pm

16WBCMR17A

275

375

Webcast

A&A

3/17

4

Forensic Accounting: Uncovering Schemes & Scams WEBCAST, 10am2pm

16WBBMR17A

149

199

Webcast

A&A

3/17

2

The Financial Manager's Role in Risk Analysis and Management WEBINAR, 11am-1pm

16WNCMR17A

79

94

Webinar

A&A

3/18

8

GAAP Update WEBCAST, 8:30am-4pm

16WBCMR18A

275

375

Webcast

A&A

3/18

2

Trust Income Issues —Uniform Principal and Income Act and Distributable Net Income WEBINAR, 11am-1pm

16WNCMR18A

79

94

Webinar

TAX

3/21

2

Recent Tax Developments which Could Affect Your Company WEBINAR, 11am-1pm

16WNCMR21A

79

94

Webinar

TAX

3/21

4

Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 10am-2pm

16WBBMR21A

149

199

Webcast

MG

3/22

2

5 Elements of a Finding WEBINAR, 10am-12pm

16WNCMR22A

79

94

Webinar

GNP

3/22

2

Cash Flow Forecasting: Helping Your Clients Plan Better for the Future WEBCAST, 10am-12pm

16WBAMR22A

79

109

Webcast

PFP

3/22

4

The New Group Audit Standard: Understanding the Essentials WEBCAST, 1pm-4pm

16WBCMR22A

140

188

Webcast

A&A

Y

Y

ç New |  Non-tech credits |

42

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Winter 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS Fees

Date

Course

CPE

Code

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

Credits

#

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

3/23

2

Affordable Care Act Update: What Your Company Needs to Know! WEBINAR, 8am-10am

16WNCMR23A

79

94

Webinar

TAX

3/23

8

Controls, Risks and Financial Reporting WEBCAST, 8:30am-4pm

16WBCMR23A

275

375

Webcast

A&A

3/24

8

Multi-Task Role of the CFO/Controller WEBCAST, 8:30am-4pm

16WBCMR24A

275

375

Webcast

MG

3/24

2

Retirement Plans in the Closely Held Business - A Tax Planning Perspective WEBINAR, 9am-11am

16WNCMR24A

79

94

Webinar

TAX

3/24

4

Statement of Cash Flows: Preparation, Presentation, and Use WEBCAST, 10am-2pm

16WBBMR24A

149

199

Webcast

A&A

3/25

8

Accounting Analysis Basics WEBCAST, 8:30am-4pm

16WBCMR25A

275

375

Webcast

A&A

3/25

2

Fraud and Abuse in Nonprofits WEBINAR, 11am-1pm

16WNCMR25A

79

94

Webinar

GNP

3/28

2

Expense Management via the Cloud WEBINAR, 10am-12pm

16WNCMR28A

79

94

Webinar

TEC

3/30

2

Cash Management Techniques, Systems and Solutions WEBINAR, 9am11am

16WNCMR30A

79

94

Webinar

MG

3/30

4

The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them WEBCAST, 10am-2pm

16WBBMR30A

149

199

Webcast

A&A

3/31

4

Financial Forecasting: Planning for Success WEBCAST, 10am-2pm

16WBBMR31A

149

199

Webcast

MG

3/31

2

The Digital Office - The CPA Technology Toolkit WEBINAR, 12pm-2pm

16WNCMR31A

79

94

Webinar

TEC

4/1

2

Excel Basic Series Part 1 - Design & Efficiency WEBINAR, 7am-9am

16WNCAP01A

79

94

Webinar

TEC

4/1

2

Excel Basic Series Part 2 - Design & Formatting WEBINAR, 10am12pm

16WNCAP01B

79

94

Webinar

TEC

4/4

2

ABC's of Building a Cloud Accounting Services Practice WEBINAR, 12pm-2pm

16WNCAP04A

79

94

Webinar

TEC

4/5

2

Creativity for Accountants WEBINAR, 11am-1pm

16WNCAP05A

79

94

Webinar

PD

4/6

2

Guide to Email, Record Retention, Destruction WEBINAR, 12pm-2pm

16WNCAP06A

79

94

Webinar

TEC

4/6

4

New FASB Developments for Business & Industry WEBCAST, 10am2pm

16WBBAP06A

149

199

Webcast

A&A

4/8

2

15 Best Practices in Budgeting WEBINAR, 8am-10am

16WNCAP08A

79

94

Webinar

MG

4/8

8

Internal Control:Your First Defense Against Errors and Fraud WEBCAST, 8:30am-4:30pm

16WBCAP08A

275

375

Webcast

A&A

4/8

2

What’s New in A & A? WEBINAR, 11am-1pm

16WNCAP08B

79

94

Webinar

A&A

4/11

8

Revenue Recognition: Mastering the New FASB Requirements WEBCAST, 7:30am-3:30pm

16WBBAP11A

249

345

Webcast

A&A

4/11

2

Strategic Skills for CFOs WEBINAR, 7am-9am

16WNCAP11A

79

94

Webinar

MG

4/13

2

QuickBooks – Best Practices for Accountants WEBINAR, 10am-12pm

16WNCAP13A

79

94

Webinar

TEC

4/14

2

Excel Formula Expert Series Part 4 - Financial, Stats & Math WEBINAR, 7am-9am

16WNCAP14A

79

94

Webinar

TEC

4/15

2

Creating Breakthrough Strategies in an Ever-Changing World WEBINAR, 11am-1pm

16WNCAP15A

79

94

Webinar

MG

Y

6

6

-30

www.wscpa.org/cpexpress

ç New |  Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Winter 2016

43


Register at www.wscpa.org/cpe/catalog or page 45

EDUCATION AND EVENTS

Fees

Date

Course

CPE

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Webcast

A&A

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

Credits

#

Code

Type

4/18

8

Audits of 401(k) Plans WEBCAST, 7:30am-3:30pm

16WBBAP18A

249

345

4/18

2

Captive Insurance: An Effective Financial and Risk Management WEBINAR, 8am-10am

16WNCAP18A

79

94

Webinar

TAX

4/18

8

Cost Principles for State and Local Governments and Nonprofit Organizations WEBCAST, 8:30am-4pm

16WBCAP18A

275

375

Webcast

GNP

4/19

8

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

16WBCAP19A

275

375

Webcast

A&A

4/19

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 11am-1pm

16WNCAP19A

79

94

Webinar

TAX

4/19

2

Single Audit Primer and Update WEBINAR, 8am-10am

16WNCAP19B

79

94

Webinar

GNP

4/20

8

Other Comprehensive Basis of Accounting Fundamentals WEBCAST, 8:30am-4pm

16WBCAP20A

275

375

Webcast

A&A

4/20

2

6

Staff Retention: Why Your Best People Leave and How to Prevent It WEBINAR, 9am-11am

16WNCAP20A

79

94

Webinar

MG

4/21

8

Y

Administrative Rules for Federal Grants WEBCAST, 8:30am-4pm

16WBCAP21A

275

375

Webcast

GNP

4/22

4

Analyzing a Company's Financial Statement WEBCAST, 10am-2pm

16WBBAP22A

149

199

Webcast

A&A

4/22

2

Cloud Accounting Review Series - Systems Overview WEBINAR, 11am-1pm

16WNCAP22A

79

94

Webinar

TEC

4/22

2

Profit Improvement: Use Process Analysis to Identify Opportunities WEBINAR, 9am-11am

16WNCAP22B

79

94

Webinar

A&A

4/25

2

Deceit, Lies and Embezzlement: How I Stole $350,000 WEBINAR, 8am-10am

16WNCAP25A

79

94

Webinar

A&A

4/25

8

Y

GASB Basic Financial Statements for State and Local Governments WEBCAST, 8:30am-4:30pm

16WBCAP25A

275

375

Webcast

GNP

4/26

2

6

Critical Thinking Skills for Finance and Accounting Professionals WEBINAR, 9am-11am

16WNCAP26A

79

94

Webinar

PD

4/26

8

Government Pension Accounting and Financial Reporting WEBCAST, 8:30am-4:30pm

16WBCAP26A

275

375

Webcast

A&A

4/26

2

Social Security: Annual Earnings Test & Taxability of Benefits WEBINAR, 8am-10am

16WNCAP26B

79

94

Webinar

TAX

4/26

2

Social Security: Public Employee Issues: Social Security Research Techniques WEBINAR, 11am-1pm

16WNCAP26C

79

94

Webinar

TAX

4/27

8

Frequent Frauds Found in Governments and Not-for-Profits WEBCAST, 8:30am-4:30pm

16WBCAP27A

275

375

Webcast

GNP

4/27

2

Raising Financing: Start-ups, Non-Profits and Growing Entities WEBINAR, 9am-11am

16WNCAP27A

79

94

Webinar

MG

4/28

8

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

16WBCAP28A

275

375

Webcast

GNP

4/29

2

Cloud Systems - How Do I Know My Data is Safe and Secure? WEBINAR, 12pm-2pm

16WNCAP29A

79

94

Webinar

TEC

4/30

4

Accounting and Auditing Update WEBCAST, 10am-2pm

16WBBAP28A

149

199

Webcast

A&A

Y

Y

Y

Y

-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 |

44

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Winter 2016

Networking event

www.wscpa.org


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. www.wscpa.org

WashingtonCPA Winter 2016

45


CLASSIFIED ADS Detailed advertising information is available online at www.wscpa.org under More. Ads are $1 per word, with a $50 minimum fee. Active e-mail and web site addresses are included. Ads are placed on the website for 60 days when received and in the next magazine when received by the deadline, March 1 for the spring 2016 issue. To post a job listing, www.wscpa.org (click Job Board). Use the Miscellaneous category for rental or vacation property. Contact Janet White at (425) 586-1126, or memberservices@wscpa.org for more information. All ads must be pre-paid.

OFFICE SPACE Executive Office in Downtown Vancouver, WA Executive office at 15th & Columbia conveniently located near the courthouse and post office.It’s the perfect space for your professional business at $750/month. Includes: Office furniture-ready for you to step in and go; Office equipment-printer, fax, copier available; Utilities; WiFi/ Internet access, Shared reception with local CPA firm; Shared kitchen; Shared conference room; Undercover visitor parking. Available December 2015. For appointment, call 360-892-4348. MERGERS & SALES Three Seattle Tax Practices for Sale. Three well established Seattle tax and accounting practices for sale. The firms, which are separate practices but share facilities, want to begin the transition into retirement within the next 1-3 years. The practices are located in lower Queen Anne. The firms together gross approximately $600,000.The revenues come from both individual and business tax work and also includes some non-profits and A & A work.All of the firms use Creative Solutions for their tax preparation and one of the firms uses CS for accounting and TB work. All three firms have been in business 25 years or more, enjoy an excellent reputation and have long-term clients. The CPA firms are offered separately and/or together over a period of time. All of the owners will be available to assist during the transition. Please contact us at rll6995@gmail.com Considering Selling Your Practice? Consider all your options. We do the work. Confidential. We have buyers actively seeking practices. Call Mark Hause at (877) 345-7722 or visit our website at www.accountingpracticesales.com Accounting 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

VOLUNTEER OPPORTUNITIES The following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more about these, and others organizations that need your help, under Volunteer opportunities for CPAs, at www.wscpa.org/more/marketing-to-cpas BirdNote – new Center for Justice – new Helping Link-Mot Dau Noi – new Kent Little League – new School of Teaching ESL – new South of the Sound Community Farm Land Trust – new Washington State Animal Response Team – new

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WashingtonCPA Winter 2016

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: (WA 1096) Marysville CPA Tax Practice for Sale: This CPA practice that provides quality tax services for many loyal clients is for sale. This firm is the type of practice many seek with a high percentage of the annual revenues from the preparation of income tax returns. The firm’s revenue dollars by category of service are 94% income tax and 6% write up. The practice, with a great bottom line, is the right opportunity for any accountant ready to start their own firm, take a small firm to the next level, or a nearby firm seeking to add a book of business to an existing practice. SOLD - (WA 1099) Spokane CPATax Practice for Sale: This CPA firm with a professional service mix that provides solid year round revenues is for sale.The firm’s revenue stream is composed of a suite of professional services that is 42% income tax and 58% write up services. This revenue stream is the product of a client base that actively refers new business. The owner’s and client(s) efforts have produced double digit growth in fees for the last two years. With an excellent staff to assist in transition and solid momentum, the practice is the perfect size and opportunity for any accountant or firm looking for a solid addition in building their practice.

SOLD

(WA 1100) Poulsbo EA Tax Practice for Sale: This tax centered EA practice is for sale. The firm generates 77% of revenues from a tax practice with just enough write up work to balance out the year. The fee structure is excellent for individual returns with the average being equal or above most similar sized firms.The practice takes a proactive approach with clients to provide advice and counsel throughout the year rather than only during tax season. The result is an extremely loyal group of clients who actively refer clients seeking the personal touch. This firm is the perfect husband/wife opportunity or for buyers seeking a tax centered practice with the hard work accomplished in building a practice. (WA 1101) Bellingham/Ferndale-Whatcom County CPA Tax Practice for Sale: This well-managed CPA tax centric practice is for sale. The firm is filled with clients that return year after year and produce a net cash flow that exceeds 50% of revenues. The revenues are 87% income tax and the balance is write up and consulting. With an excellent staff providing solid backup, the firm offers ample opportunity for the expansion of services consistent with the abilities and interest of the new owner. Whether looking for your first practice or a highly profitable addition to an existing firm, this practice provides ample challenge and reward. (WA 1102) Seattle CPA Tax Practice for Sale: This CPA firm is a tax practice that specializes in the commercial fishing industry. The firm has no write up work electing to focus on rendering income tax services to the clients of the practice. The next attribute is the overall average of fees equaling $879 per return which creates a great net cash flow. Last but by no means least is a tax practice without the 4-15 crunch. The firm extends many of the returns with the result being that 45% of the annual billable time is performed in the time period from June to October. This practice with all these elements mentioned including a great staff is the kind professionals actively seek and rarely find. All of this without the really difficult tax season stresses that push the staff and owner to the limit. (WA 1095) Clallam County/Central Olympic Peninsula EA Tax Practice for Sale: This Enrolled Agent practice is well balanced with a tax practice that produces approx. 58% of annual revenues and write-up services bring in the rest. The firm has an excellent location that promotes a community awareness of its services due to the high daily traffic count. In addition, the practice has many loyal clients who annually refer their friends and produces a net cash flow to owner that is head and shoulders above the norm. This practice is set for any buyer to continue the success of the past under new ownership.

SOLD - (WA 1094) Vancouver CPA Practice for Sale: This CPA practice revenues are generated primarily by a tax practice with a strong fee structure. The revenue dollars are 86% income tax and the balance consists of accounting, consulting, and reviews/compilations. A unique characteristic of this practice is the amount of business tax work. The business returns generate more than half of all the income tax fees generated by the firm. Further, the firm’s clients are in need of additional services that any buyer will have ample opportunity to capitalize on to grow the book of business. This practice fits a multitude of buyers seeking a timely acquisition of a well-managed quality practice.

SOLD

(WA 1093) Vancouver CPA Practice for Sale: This CPA tax practice for sale is well balanced with a tax practice of both business and individual returns along with auditing, estates/trusts, and non-profits to round out the client mix. The professional services by percentage are: Business 43%, Individual 46%,Auditing 2%,Non-Profits 6% and Estates/Trusts 3%. The firm has an excellent staff with most with the firm for at least 18 years. In all its years, the firm has worked to be an excellent community citizen with involvement in any number of community and non-profit organizations. The firm’s citizenship has created a significant foot print in the community that often results in it being the referred choice. This firm is uniquely suited for any firm seeking to expand a client base or a firm looking to enter the Vancouver market. (WA 1092) Kittitas County EA Tax Practice for Sale: This well-established Enrolled Agent practice with remarkable balance in professional fees is for sale. The firm has two great books of business with tax and write-up revenues being approximately equal and a small amount of consulting making up the balance. The revenue stream provides great balance and great cash flow through the year. The firm also has great momentum with revenue increasing in double digits for the last two years. This firm fits a number of buyers who are looking for an opportunity to enjoy the fruits of their labor. (WA 1091) Kent/Auburn Area CPA Practice for Sale: This CPA practice is a tax practice with 75% of revenues coming from these professional services. The balance is write-up 17% and 8% is compilations. The firm is extremely profitable with this element of the practice being the product of exceptional service to the clients who return year after year and a solid fee schedule. These clients also provide referrals that are the life blood of any practice. The buyer of this firm will be a husband/wife team, 2 CPA’s looking to partner up or a nearby firm looking to add quality clients to their practice. SOLD - (WA 1089) Bellingham CPA Practice For Sale: This CPA firm is almost 100% a tax practice with write-up only consisting of approx. 6% of gross receipts. The practice is run very efficiently and has a net cash flow percentage that is excellent. The year over year revenues are solid with this stable group of tax clients providing steady income. The size and profitability of this practice make it attractive to any number of buyers looking to grow a firm with immediate possession possible.

SOLD

(WA 1073) 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 write-up 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.

www.wscpa.org


MEMBERPROFILE PROFILE MEMBER

J. Bart Bradshaw, CPA

Employer:

Self Employed, J. Bart Bradshaw CPA, PLLC

Current position: Owner

Lives in:

Winthrop, Washington (originally from Ogden, Utah)

A little about my firm:

Small firm, about 600 clients, 5 employees, we do state and federal tax, bookkeeping, consulting, payroll, etc.

Working with new business clients, helping them get started

What I enjoy most about my job:

If I weren’t an accountant, I would be:

A cowboy, but being a cowboy doesn’t pay enough

Highlights of my career:

Moving to a small town and starting my firm 30 years ago

I aspire to:

Latest book I have read:

Killing Lincoln

Favorite television show:

The Good Wife

Favorite movies:

Favorite vacation spot:

Favoite song:

Be fair and have integrity

Zoro, Tommy Boy Tahiti My Little Girl by Tim McGraw ... at my daughter’s wedding

Favorite Food: BLT

Hobbies:

My idea of a great weekend:

I volunteer:

If I could have dinner with anyone, I would choose:

Horses (6) Waterskiing or Horse riding At church My wife

Best advice I’ve ever received:

From my father, “it takes hard work, a little luck, frugal practices and the grace of God to make it in life”

People would be surprised to know this:

My wife and I have 8 children—7 with college degrees, the last one is still working on it

www.wscpa.org

Member since: 1983 WashingtonCPA Winter 2016

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WashingtonCPA 2016 Winter  

The official publication of the Washington Society of Certified Public Accountants

WashingtonCPA 2016 Winter  

The official publication of the Washington Society of Certified Public Accountants