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CPA Fall 2016

Volume 60, Number 2

Opening the Books,

Growing the Business

The CPA Migration: What Got You Here Won’t Get You There How CPA Firms Can Counteract Unconscious Bias Top 5 Myths about Labor & Industry

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wa s h i n g t o n

CPA

21 Opening the Books, Growing the Business

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

Dawn E. Beck Amanda V. O’Rourke Justin A. Bourn Rhonda S. Powell Robert W. Heller Michael W. Reeves Erika C. Hosea Abby M. Sanders Brett J. Jordan Ronald L. Tilden Mary E. Joyce David E. Trujillo Kristine L. Lambright CHAPTER BOARD CHAIRS Erika Hosea Bellevue Area Lydia Ahn Bellingham Area Dana Lashbaugh Everett Area Benjamin Anderson Olympia Area Joe O’Meara Seattle Area Fred Peck Spokane Area Dani Espinda Tacoma Area Alexander King Tri-Cities Area Molly Andler Tri-Cities Area David Stubing Vancouver Area Alexandria Williams Yakima Area Melissa Wood 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.

CONTENTS 4

CPA Profession: You've Changed a Lot in 40 Years

15 The CPA Migration: What Got You Here Won’t Get You There

17 How CPA Firms can Counteract Unconscious Bias 25 Top 5 Myths about Labor & Industry 47 Pursuing the American Dream: One of the Lucky Ones

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

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DEPARTMENTS 4

Leadership Lens

35

Conferences

8

News Briefs

44

Registration

11

Advocacy

45

Classified Ads

13

Chapters

47

Profile

28

CPE Digest

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LEADERSHIP LENS

CPA Profession: You’ve Changed a Lot in 40 Years By Rich Jones, CPA, CGMA, President & CEO

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s I prepare to retire next year after 40+ years in the CPA profession, it gives me cause to think back about how things have changed in our profession. I am sure all of our Baby Boomer members will recognize these changes and will think of many more of them than I will recall. Where to start…

Workforce

Forty plus years ago, the workforce was almost exclusively male and the professional staff was almost entirely Caucasian. I made partner in a Big 8 US firm in 1982 with 750 partners. There were two women partners in the firm and the second one was in my class. The first woman partner was admitted in 1980. Both of these women left the firm within a few years of becoming partner. We all assumed it was because we lacked an inclusive culture. We were probably right. New hires tended to be young (22-25 years old) and the exceptions might be veterans who had completed their military service, or perhaps people who had completed law school prior to joining us. There were very few MBAs at hire, although many staff went to school at night to obtain higher degrees. This was more common in tax. A large percentage of us came from middle-class backgrounds and few had parents who were doctors, lawyers, or other professionals. In many cases, we were the first members of our families to graduate from college. We all seemed to appreciate the opportunity to work in attractive offices, meet interesting people, and were very optimistic about our prospects for the future. The firm assumed the best and brightest of us aspired to become partners and would want to spend our entire careers at the firm.The firm’s culture was known as “up or out,” meaning that you needed to continue to meet performance expectations and develop new skills or you would be asked to leave. Most people who left the

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We prepared tax returns by entering data into paper input forms and sent the forms to Dallas, TX to have them keypunched ... Near tax deadlines, we held our breath that we would get the returns back in time to process them and mail or deliver them to the client; otherwise we would need to extend the return.

firm went to work for companies in their accounting or tax functions.

Tools

Our office tools were pretty simple: an adding machine, access to the office copy machines, pads of lined paper, and a tick-mark-pencil for auditors. We started working in the audit department for about two years and then could move to tax or consulting if there were openings. We had tax and audit libraries and everyone shared in the task of updating the services as new information was received. Additionally, we had to proofread and foot financial statements if we were in the office without chargeable work. We prepared tax returns by entering data into paper input forms and sent the forms to Dallas, TX to have them keypunched. We would get the return back by courier service in about 7-10 days.We really hoped there were no errors so we would not have to wait another 5-7 days to receive the corrected return. Near tax deadlines, we held our breath that we would get the returns back in time to process them and mail or deliver them to the client; otherwise we would need to extend the return. There were no calculators in the office until the early 80s and then they became numerous as the cost of a simple calculator fell to about $10. Fax machines

were introduced in the late 1980s, about the same time desktop computers were becoming popular. When I moved to Seattle in late 1989, we had two computers in the tax department, which was enough since almost no one knew how to use them. Again, once this began to change, it changed rapidly and everyone was issued a desktop computer. Voicemail systems were introduced which made communicating with clients and colleagues much more efficient. With these new tools, our productivity increased dramatically and the requirements of the job became more complex.

Today

As we fast-forward to the accounting profession of today, it looks very different. People with very diverse backgrounds are hired into firms and directly into companies. Today’s hires at top public accounting firms may not have studied accounting and some may never expect to become a CPA. The advisory or consulting practices of the Top 100 CPA firms in the US are the fastest growing segments of their businesses, far outstripping the growth of auditing and tax. For those pursuing the CPA designation, a new CPA exam, modified to measure more relevant capabilities, will be implemented in April 2017. The team charged with developing the new

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LEADERSHIP LENS

Get involved! By David Miniken, CPA, CGMA, WSCPA Chair for 2016-17

I often suggest to my colleagues that they create and enhance their professional network very much like they would chase after new business. A common rule-of-thumb many use when developing new business is to make sure prospects (1) know what you do for a living, (2) like you, and (3) trust you. While this doesn’t necessarily translate into new clients immediately, the model does provide a template that is often successful in the long run. The benefits of getting involved in the WSCPA are so much more than merely providing a potential safety net in case your job disappears. Perhaps you work for a small firm or in a small department and would like the ability to bounce ideas off others in your profession. Perhaps your child is in college majoring in accounting and you’d like to introduce them to others in the profession. Perhaps you are responsible for recruiting college students and are looking for convenient ways to meet the go-getters who

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MEMBERS’ RECEPTION, AUGUST 2016 WOODMARK HOTEL, KIRKLAND

© Monette Anderson

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any times each year, acquaintances – experienced CPAs – reach out to tell me they are looking for a new job and they ask if I can offer some helpful advice in finding a new position. The first question I usually ask is, “How active are you in the WSCPA?” Too often, I find they are not members. Or frequently I find they are members, but they haven’t attended any of the WSCPA’s member events, committee meetings, or chapter activities in a long time. So my initial inclination—to help connect them to fellow members who might know of opportunities—becomes much more difficult. I cringe each time I hear that one of my peers has not maintained a healthy network of professional contacts; once somebody has allowed their personal network to atrophy, that web of contacts won’t be there when they need it.

The benefits of getting involved in the WSCPA are so much more than merely providing a potential safety net in case your job disappears. have been attending the Society’s events. Perhaps you are nearing retirement and are looking for assistance in transitioning your practice. The WSCPA is the single best resource for you to keep your professional network alive. The Society has more than 8,000 members and it’s really easy to get involved. We have a number of committees looking for volunteers. We have conferences where you can meet others in a similar industry. We have 10 chapters spread throughout the state, each holding numerous events where you can meet your peers. We have membership events where you can connect with CPAs, educators, students, and many vendors who serve our members’ needs. We have golf tournaments and afterhours events where you can mingle with other CPAs. As you engage, you will find

many opportunities to form new relationships that will benefit you in the long run, and your enhanced network is more likely to be there when you need it. I encourage you to take charge of your career by boosting your level of involvement with the WSCPA and growing your web of contacts! Get involved! Dave Miniken is an audit shareholder at Sweeney Conrad in Bellevue. You can reach him at dave@sweeneyconrad.com. To learn more about how you can become more engaged with the WSCPA, contact Member Services at (425) 644-4800 or (800) 272-8273 (toll-free in Washington) or send an email to memberservices@ wscpa.org.

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NEWS BRIEFS

SPECIAL MEMBER DISCOUNT FROM CCH Congratulations to John Sullivan, CPA, winner of the WSCPA Passport Card registration contest! John Sullivan, a WSCPA member since 2014, won a 2-night stay at the Woodmark Hotel, plus a $100 gift card to use during his stay. John works at HealthScape Advisors LLC. Register your WSCPA Passport card today and start saving at restaurants, retailers and travel services.

Save 25% on U. S. Master Tax Guide 2017 when You Order Online With tax season just around the corner, it is time to build up your tax reference library. As a WSCPA member, you can save 25% off on Wolters Kluwer CCH US Master Tax Guide and get discounts on more than 175 tax and accounting books. The 100th Edition of the US Master Tax Guide 2017 reflects all pertinent federal taxation charges that affect 2016 returns and provides fast and reliable answers to tax questions affectOrder now! ing individuals and business www.cchgroup.com/members/WSCPA income tax. Available in soft cover, hardbound, and ebook instant download, the US Master Tax Guide 2017 retails for $105.You save 25% with your WSCPA Member Benefits. To order, please visit www.cchgroup.com/members/WSCPA and use the NEW Promo Code USTP-BLYY5596 when checking out.

Society Mailing List Policy The Society does not sell member e-mail or mailing addresses. Members may occasionally receive mail from the Society’s third-party affinity partners that offer products or services deemed to provide value to members. To be excluded from these mailings, update your Communication Preferences online at www.wscpa.org/mywscpa (after logging in, scroll down and select Communication Preferences from the list of links) or send a request to unsubscribe from third-party maillings to memberservices@wscpa.org, or call the Society at (425) 644-4800 or (800) 272-8273 (toll-free in Washington). While you're updating your preferences, take a moment to select your fields of interests. (Select Manage My Interests from the list of links on the MyWSCPA page.) Updating your interests will allow you to receive tailored communications that are relevant to you.

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Find A CPA Referral Service Let Us Help Drive Business to You Enroll now at wscpa.org/ find-a-cpa

Successful companies never stop marketing. Ongoing marketing keeps your firm in the forefront of your client’s mind and attracts those looking for a new CPA. Keeping up with marketing can feel overwhelming. While you are busy doing the work, the WSCPA Find A CPA referral service can help you expand your client base. As the only organization in Washington dedicated to serving the profession, people turn to the WSCPA to find the best of the CPAs. The referral service is 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. Take advantage of our referral service and get the word out about your business. Enroll now at www.wscpa.org/find-a-cpa. For more information, call (425) 586-1142 or send an email to memberservices@wscpa.org.

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NEWS BRIEFS

JOIN THE AARS COMMITTEE! Are you interested in interacting and building relationships with your CPA colleagues? Want to improve your skills and exchanging information with fellow CPAs? Interested in protecting and shaping the profession through advocacy to regulatory and legislative bodies? If so, join the AARS Committee! The Accounting, Auditing & Review Standards Committee is looking for new members. The Committee meets monthly during non-busy season and reviews Proposed Accounting Standards Updates and shares insights on implementation of new accounting guidance. The Committee represents public accounting, private and public companies and prepares comment letters to the FASB to respond to Exposure Drafts and helps influence final guidance. With the new Revenue Recognition and Lease Standards it is an exciting time to be part of the Committee. We look forward to seeing you at an upcoming meeting: October 20 and November 17. For additional information about the committee, please contact the staff liaison, Roo Mulligan, at (425) 586-1142, rmulligan@wscpa.org.

CALL FOR NOMINATIONS Join the WSCPA Board of Directors The WSCPA Board Governance Committee is accepting nominations for the 2017-2018 Board of Directors. To submit a nomination, contact Helen Doty at hdoty@ wscpa.org. Nominations are due October 31.

IN MEMORIAM: Henry Benson, WSCPA Past Board Chair Henry Benson, former chair of the WSCPA Board of Directors, passed away on July 3, 2016, at the age of 97. Henry was the WSCPA’s 44th board chair, serving from 1963 to 1964. Henry graduated from the University of Washington in 1941 and, after earning his CPA license, began his career in New York with the firm Haskins & Sells. Henry was the first graduate west of the Mississippi to be hired as a staff accountant for the East Coast. He later returned, transferring to Seattle’s Haskins & Sells office. In 1949 Henry teamed up with C. Edward McLaughlin, CPA, to form the partnership Benson & McLaughlin. By the time Henry retired in 1989, the firm had grown to employ 80 professionals. Henry’s devotion to the accounting profession was clear. The WSCPA maintained a smaller professional staff in 1963 than it does today, and as a result the board chair often assumed many more day-to-day responsibilities to keep the organization running. Henry accomplished this duty while continuing to build his own firm. Over his nearly five decades in the accounting profession, Henry also served as chairman for the Washington State Board of Accountancy, regional director of the National Association of State Boards of Accountancy, and on the American Institute of CPAs National Trial Board as well as the first ethics committee for the AICPA enforcement division. “Henry was a great accountant, good business man, and was very people oriented. He liked accounting and was very good at analyzing businesses in order to help clients make positive changes,” said Norman Swenson, former partner and shareholder at Benson & McLaughlin. The WSCPA holds in memory with families and the larger community, these members who have recently passed on: Kenneth L. Carroll Jon W. (Jack) Stromberg www.wscpa.org/community/in-memoriam

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NEWS BRIEFS

Join the conversation! LinkedIn

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. Here are some of the recent discussions, news and posts:

Facebook

Twitter

U.S. House Passes Mobile Workforce Bill, Takes Step Toward Simplifying Tax Code Accountants and Auditors Need Increased Education Is Big Data Making Waves at Your Firm? Lease Accounting Changes – Light at the End of the Tunnel? What CPAs Can Offer Marketers Presentation of Additional Paid-in Capital

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

WSCPA Blog Read WSCPA News & Resources at www.wscpa.org/news Article submissions welcome. Contact webmaster@wscpa.org.

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Like the WSCPA on Facebook WashingtonCPAs

Follow the WSCPA on Twitter @wscpa

Tips to Protect Yourself from Cybercriminals How You Can Help Shape the Future of Accounting in Washington in Just a Few Minutes Department of Revenue Releases New Tool to Increase Transparency of State Tax Incentives

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ADVOCACY

Together We Can Make a Difference By Kimberly Scott, CAE

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© iStock by Getty Images / Kupicoo

hank you! Thank you for reading this article (and not just because it means at least three people read what I write). The thank you is for what you do. The odds are you are a business professional who is interested in how you can contribute and make a difference. For one, you received The WashingtonCPA magazine meaning you are a WSCPA member. If you are a member you are most likely a CPA, a retired CPA, a future CPA or an educator/supporter of CPAs—a business professional. Second, you decided to read an article on advocacy and most people who do that are wanting to better understand what is going on, and how they can get involved —the people who make a difference. What is going on and how can you get involved?

State Politics

It should come as no surprise that this is an election year, a year in which a lot is happening in politics. Every seat in the House of Representatives, and half of the Senate in Washington State, is up for reelection. Many executive-level seats (e.g., Governor, Lt Governor, State Auditor, State Treasurer) are being voted on as well.The election will determine whether our State’s government remains largely unchanged or is transformed as a result of the election. In a year like this, every vote counts—please vote. In January the Legislature will start a long session. As has been the case with the last few sessions, the budget will be the focus. The issues affecting the budget? Education funding, transportation, health care … and not just how to fund it, but what should be funded, and at what level. All of these topics will be discussed, as well as taxes. If you are interested in being a resource to your legislator regarding tax policy, please let me know, and reach out to your legislators. The last couple of years we have seen legislation that was intended to create www.wscpa.org

Advocacy does not have to solely mean advocating politically. The WSCPA has many more opportunities to become involved.

more opportunities for government entities to hire CPA firms to conduct their financial audits. The legislation had some key flaws, and we testified regarding those flaws. The bill did not pass. However, the staff at Washington State Auditor’s Office recently released a written document outlining how they work with local governments that want to contract with a public accounting firm for financial and single audits. Many WSCPA members have expressed an interest in doing this work, and hopefully this policy will also provide guidance to the firms as well. If this is a topic of interest to you, please let me know.

Connecting

To the WSCPA, advocacy is much more than politics—it means reaching out and connecting. WSCPA leadership strives to keep open communication and good relationships with the Washington State Board of Accountancy (WBOA), the AICPA, NASBA, and the CPA leaders in our state. You can participate on the many WSCPA committees, you can attend WBOA meetings to meet your regulators, or you can simply reach out to WSCPA board members or staff to share your thoughts. Maybe making a difference is important to you, but you really want it to WashingtonCPA Fall 2016

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ADVOCACY

be more philanthropic. Consider getting involved with college outreach or the Washington CPA Foundation. There are many opportunities throughout the year to talk to college students through the Society’s student outreach program. Sometimes this means getting in front of a classroom, or just being a resource to an educator or student. Advocacy does not have to solely mean advocating politically. The WSCPA has many more opportunities to become involved. As the Foundation provides scholarships to promising accounting students, participating could mean making a personal contribution at any level, providing a named scholarship for your business, and/or it could mean volunteering to help evaluate scholarship applications and select winners. If you’d like to help review scholarship applications, please see page 14 for more details. If you enjoy connecting on a more personal level, you could attend a chapter event in your geography. Most events are one or two hours, include food and networking along with CPE. Chapter events are inexpensive ways to connect with like-minded business professionals in your community. See page 13 for a list of currently scheduled chapter events and watch your email inbox for invitations from your chapter leadership.

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I also want to personally invite you to a special FREE event that will be happening in EVERY chapter. During November and December, each chapter will host the Disruption Tour. This event provides three hours of CPE and will highlight the many challenges and opportunities you as a CPA face in business. Some of the topics include technology, HR best practices, and regulation. There will be multiple speakers, audience participation, videos and giveaways.The content will be of value to you no matter where you are in your career. The events are very simple ways to connect, understand more in-depth about what is going on, and learn how you can participate to make a difference.

DISRUPTION TOUR

November 9 November 10 November 14 November 15 November 16 November 29 November 30 December 1 December 7 December 8

Yakima Bellevue Tri-Cities Spokane Tacoma Everett Seattle Bellingham Olympia Vancouver

I will be atttending each event, and would appreciate the opportunity to meet you in person. To register and for more information, go to www.wscpa.org/cpe/catalog.

Kimberly Scott, CAE, is WSCPA Vice President of Member and Government Relations. You can contact her at kscott@wscpa.org.

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CHAPTERS

WSCPA Chapter Events Date

CPE

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Event

Code

Bellevue Area Chapter Nov 10

3

2016 Disruption Tour - Free to Members! 1:00pm - 4:30pm

Bellevue 17CHBVNV10

Bellingham Area Chapter Dec 1

3

2016 Disruption Tour - Free to Members! 8:00am - 11:00am

Location Maggiano’s at Lincoln Square Mt Vernon

17CHBLDE01

Everett Area Chapter

Bellingham Golf and Country Club Lynnwood/Everett

Oct 25

2

Washington Tax Developments, 7:30am - 9:30am

17CHEVOC25

Hampton Inn Lynnwood

Nov 29

3

2016 Disruption Tour - Free to Members! 8:00am - 11:30am

17CHEVNV29

Holiday Inn Everett

Olympia Area Chapter

Olympia

Nov 2

2

Don’t It Make My White Collar Blue: How Updated Federal “White Collar” Overtime Laws Will Affect Businesses, 12:00pm - 2:00pm

17CHOLNV02

Indian Summer Golf & Country Club

Dec 7

2

IRS Appeals, 12:00pm - 2:00pm

17CHOLDE07

Indian Summer Golf & Country Club

Dec 7

3

2016 Disruption Tour - Free to Members! 2:00pm - 5:00pm

17CHOLDE7A

Indian Summer Golf & Country Club

Seattle Area Chapter

Seattle

Oct 27

0

Bocce Ball-Rhein Haus 2016, 6:00pm - 8:30pm

17CHSEOC27

Rhein Haus

Nov 30

3

2016 Disruption Tour - Free to Members! 8:00am - 11:30am

17CHSENV30

FareStart

Spokane Area Chapter

Spokane

Oct 18

0

Chiefs Hockey Night, 6:00pm - 9:00pm

17CHSPOC18

Spokane Veterans Memorial Arena

Nov 9

1

2016 E Clair Daniels Symposium, 11:30am - 1:30pm

17CHSPNV09

Davenport Hotel

Nov 15

3

2016 Disruption Tour - Free to Members! 8:00am - 11:30am

17CHSPNV15

Spokane Club

Tacoma Area Chapter Nov 16

3

2016 Disruption Tour - Free to Members! 8:00am - 11:30am

Tacoma 17CHTANV16

Tri-Cities Area Chapter

Hotel Murano Kennewick/Richland

Oct 20

0

DATE CHANGE Brewery Industry Update and Social, 4:00pm - 6:00pm

17CHTCOC19

Ice Harbor Brewery, Kennewick

Nov 14

3

2016 Disruption Tour - Free to Members! 1:00pm - 5:00pm

17CHTCNV14

Tagaris Winery, Richland

Dec 12

1

Cyber Security, 12:00pm - 1:00pm

17CHTCDE12

Tagaris Winery, Richland

Vancouver Area Chapter Dec 8

3

2016 Disruption Tour - Free to Members! 1:00pm - 4:30pm

Vancouver 17CHVNDE08

Yakima Area Chapter

The Heathman Hotel Yakima

Oct 26

0

Trivia Night at Bill’s Place, 5:30pm - 7:00pm

17CHYKOC26

Bill's Place

Nov 9

3

2016 Disruption Tour - Free to Members! 2:00pm - 5:00pm

17CHYKNV09

Zesta Cucina

MEMBERS’ RECEPTION, AUGUST 2016

© Fire Eyes Photography

WOODMARK HOTEL, KIRKLAND

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Help give away over $250,000 in accounting scholarships Become a scholarship reviewer Do you want to help give away $250,000 in scholarships? Are you interested in helping students achieve their dream of becoming a CPA? If so, please consider volunteering your time and talent to be part of the review team for the 2017 Accounting Scholarships offered by the Washington CPA Foundation and the Washington Society of CPAs.

or wait tables for 527 hours*

Scholarship Review Timeline and Process Feb. Feb. Feb. Mar.

8 Reviewer sign-up deadline 13 Reviewer training (remote) 20 Review process begins 30 In-person review session at WSCPA, Bellevue

• Review applications in your home or office using a secure, online portal • Score applications using a scoring matrix and following guidelines provided • Each reviewer will consider 25-30 applications and submit review online during a two-week period • All reviewers will review top applications before attending in-person review session in late March

Sign up by Feb. 14, 2017 To join the Scholarship Review Team contact Jocelyn Nystrom: (425) 586-1114 jnystrom@wscpa.org

Important Scholarship Dates

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Feb. 14 Apr. 3 May 18

Scholarship application deadline Learn more at www.wscpa.org/scholarships Scholarship winners notified Reception honoring scholarship recipients reviewers are invited to attend

WashingtonCPA Fall 2016

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CPA MIGRATION

The CPA Migration: What Got You Here Won’t Get You There By Sean Stein Smith, CPA

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he CPA profession is undergoing a radical transformation. That much appears to be widely agreed upon. The shift is discussed at every conference event at local, state and national levels.

© iStock by Getty Images / Torsten Karock

Words like disruption and innovation are working their ways into the accounting conversation to a degree that we didn’t see previously, and this shift will undoubtedly have profound effects on the profession. Whether accountants are employed in public practice, consulting, industry or research/academia, the proverbial handwriting is on the wall. Simply stating that dramatic changes are coming to the profession is not enough. To effectively adapt to and embrace the coming changes, it is important for the profession to be able to identify areas and competencies that will serve the profession well moving forward.

Areas of Growth

There are several broad areas in the business landscape that appear to be growing and/or changing at an increasing rate of speed—nontraditional reporting, integrating fraud and forensic accounting on a continuous basis, and the growing convergence of accounting and information technology. While there are certainly dramatic changes occurring in specific fields, like finance and healthcare, this article focuses on changes in the business environment that require CPAs to adapt, regardless of the specific industry. Since the financial crisis in 2007/08, there has been a trend among different stakeholder groups to report increasing amounts of information. Sustainability reporting, information and reporting on corporate governance, and integrated financial reporting are proliferating in the marketplace. Organizations must be able to produce the necessary information to meet these reporting requirements. www.wscpa.org

Simply stating that dramatic changes are coming to the profession is not enough. To effectively adapt to and embrace the coming changes, it is important for the profession to be able to identify areas and competencies that will serve the profession well moving forward.

Of particular importance to accounting is the fact that in order to accurately report this information, one must develop metrics, reporting frameworks and templates. CPAs and the accounting profession are well positioned to leverage existing competencies to fill this market need. Fraud and forensics, as it relates to both financial and nonfinancial factors, is a critical field of growing importance.

Scandals such as the one that recently occurred at Volkswagen illustrate that improvement is still important in quantifying and building data systems and processes. As organizations grow increasingly more complex and international in scope, there is an increasing need to develop systems, checks and balances, and processes to prevent, detect and investigate irregularities in activity. Embedding forensic tools and preventive items into WashingtonCPA Fall 2016

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routine processes and report generation is an important step. It is always cheaper to spot and fix problems internally before they become larger and affect customers, clients and other stakeholders. The rapid advancements in technology continue to radically redefine the business landscape. Industry and competitive boundaries continue to blur and, in some cases, disappear entirely. Specific to the accounting field, the ramifications of the growing reach and scope of technology are felt in a quantifiable way. Accounting professionals—whether they are employed in public practice, private industry or consultative roles—are frequently tasked with partnering in technology projects. Increasingly included on the CPA to-do list are assisting with the implementation of a new enterprise resource planning system, testing new submodules, providing input throughout the assessment and design phase of new systems and reporting initiatives, and in some cases playing a lead role in the configuration and preliminary testing of those systems. Technology will not become less important as time progresses; rather, technology will continue to impact the profession. CPAs have to be prepared to adapt to these changes.

accounting professionals are changing. In addition to expertise on generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS), the abilities to perform data analytics and present the results of analytic testing are increasingly relevant to CPAs. Whether it is a matter of simply

Perhaps the most important skill CPAs will need moving forward is adaptability. This is not to say that the fundamentals of the profession will change in dramatic ways, as debits are still on the left and credits are still on the right. Rather, what this means is that in a business environment that is continuously evolving, CPAs must also continuously evolve.

Skills Set of the Future

The accounting field has evolved far beyond merely tracking debits and credits, even beyond preparing financial statements. Organizations, and the way business is conducted, have evolved and changed dramatically. It is important that accounting professionals have the skills to keep pace and remain relevant to the business decision-making process. Drilling down specifically to the three growth areas mentioned, there are specific skills and competencies that should be developed to take advantage of these opportunities. The foundation of the accounting and finance fields is clearly quantitative analysis, but the expectations of

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running regressions or more complicated software packages laid on top of existing reports, decision makers require quantitative information that is understandable and relevant. With the need to report increasing amounts of quantitative data, ranging from social media statistics to operational figures on electricity consumption, comes the need for improved, more sophisticated communication skills.

Accounting professionals are not usually known as great orators or writers, but to be involved in the decision-making process, they must be able to articulate and defend their analyses and subsequent positions. In addition to verbal communication, the ability to write effectively is an important skill that is all too often lacking among CPAs. They must eliminate the jargon and focus on linking what they are saying to what the client or manager is trying to discover, address and answer. Perhaps the most important skill CPAs will need moving forward is adaptability. This is not to say that the fundamentals of the profession will change in dramatic ways, as debits are still on the left and credits are still on the right. Rather, what this means is that in a business environment that is continuously evolving, CPAs must also continuously evolve. The areas of growth and associated skills identified here are just a small sample of the dynamic changes occurring within the broader business landscape. The biggest takeaway for CPAs going forward is that, as a profession, seeing and understanding that big picture is more important than ever. Sean Stein Smith, CPA, DBA, CMA, CGMA, CFE, is an assistant professor at Rutgers University. He can be reached at drseansteinsmith@ gmail.com. Reprinted with permission of the New Jersey Society of CPAs, njcpa.org.

As anyone who has ever witnessed a poorly delivered presentation can attest, the best information and data in the world lose their relevance and impact if not communicated clearly. www.wscpa.org


UNCONSCIOUS BIAS

How CPA Firms can Counteract Unconscious Bias By Cheryl Meyer

I

f you need to hire a staff accountant, ask yourself these questions: Would you hire someone who mirrors you in terms of race, geographic origin, college education, or gender? Or would you turn a blind eye to differences and simply hire the best candidate based on previously established, objective criteria?

© iStock by Getty Images / George Manga

Though we like to think we’re impartial in our decision-making, it’s often the case that our unconscious beliefs affect our choices. “We tend to be drawn to people who are like us and move away from people who are not like us,” said Suri Surinder, CEO of the CTR Factor Inc., a firm that offers diversity and inclusion consulting and training. Everyone has unconscious attitudes that stem from our ethnic origin, gender, age, experiences, and the culture we inhabit. And once biases are ingrained, it is often tough to admit we have them, and even more difficult to unlearn them. The concept that we have a tendency to be unknowingly influenced in decisionmaking by these stereotypes is known as “unconscious bias.” “Those stereotypes cause us to have a bias toward people and influence who we engage and who we don’t engage,” said Anthony Newkirk, senior manager of diversity and inclusion at the AICPA. Now, a better understanding of unconscious bias is changing the way businesses evaluate their decision-making on hiring, promotions, job assignments, retention, and even customer service. That’s because if they’re ignored, unconscious biases can creep into organizations and breed favoritism and unfair treatment, which can lead to internal discord. Biases can also influence www.wscpa.org

Once biases are ingrained, it is often tough to admit we have them, and even more difficult to unlearn them. how employees treat clients. And biases can cause managers and leaders to make poor hiring or promotional decisions, or create an environment that lacks diversity of thought, which can foil innovation and collaboration. “Most organizations can do a better job of employing a diverse workforce,” said Carlee Beth Hawkins, an assistant professor of psychology at the University

of Illinois–Springfield, and a researcher with Project Implicit, a virtual laboratory focused on unconscious bias. Fortunately, there are many ways CPAs can counteract the negative impact of unconscious bias in the workplace: Make sure your firm’s leaders are on board. Acknowledging your unconscious, or implicit, biases is the first step WashingtonCPA Fall 2016

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in combating them, followed by education and training. “Without buy-in from leadership of an organization and real changes to policies and practices,” Hawkins said, “training that focuses on unconscious bias—or diversity training in general—is unlikely to be effective.” Conduct an organizational assessment and hold periodic training sessions. Organizations can assess their culture and employees’ perceptions around bias, diversity, and inclusion through surveys and organizational culture assessments, Newkirk said. However, it is important to respond to the results of surveys and assessments by taking actions such as conducting management training, employee training, and focus groups, as well as changing policies and practices or including groups that do not feel included in the workplace culture and its processes, he noted.

collect data and “identify the situations where implicit bias is most likely to influence decision-making and behavior” in an organization, Hawkins said. In addition, it’s important to give concrete examples. “Unconscious bias is not about intent—it is about impact,” or what a person may do wrong “as a result of unconscious bias,” Surinder said. “Similar examples may be pointed out in other decisions like hiring, promoting, selecting, nominating.” Establish processes that eliminate factors that can lead to unconscious bias. For instance, some companies are removing items on résumés that can lead to biased hiring decisions. These items can include candidates’ names, the names of the universities they attended, and even addresses, Surinder said.

In addition, “People have to be reminded of unconscious bias,” said Manny Espinoza, president of the CTR Factor. “Therefore, unconscious bias training just before promotions and hiring decisions may lead to more objective decisions.”

Be culturally intelligent. Today’s society is diverse and multicultural, and it’s important to learn and be curious about other cultures. “Expand your capacity to adapt, and use your cultural knowledge as a skill set to enable you to effectively engage differences,” Newkirk said.

Present data that grabs people’s attention. Organizations need to

Be deliberate. When you need to make crucial decisions, slow down.

Learn More AICPA Unconscious Bias Video Series www.wscpa.org/diversity Learn how to effectively understand, identify and manage unconscious bias and its effect on our actions and decisions that are critical in accounting organizations. WSCPA 2016 Disruption Tour Free 3-hour CPE event will discuss diversity and inclusion, including unconscious bias. See page 12 for tour details.

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WashingtonCPA Fall 2016

“Decisions made quickly or under stress or fatigue are more likely to be influenced by implicit bias,” Hawkins said. Make group decisions. Key decisions for the organization should be made by a group of people who offer a diversity of thought. “You will find out that such decisions tend to be much more objective,” Surinder said. Be aware of favoritism. “Do you often cut one person (or one group of people) slack but come down hard on another?” asked Hawkins. “Do you offer challenging projects to one person (or group of people) and give easier ones to another?” Instead, distribute praise and opportunities to all top performers. Make sure decision-making processes are clear-cut. “Create concrete and strict criteria” for key procedures such as evaluating job candidates, making promotion decisions, and assigning projects, Hawkins said, noting that you should not change the criteria after you know who the top candidates are. Be aware that unconscious bias exists and attempt to unlearn behaviors. Unconscious bias doesn’t have to exhibit itself as a malicious trait. It is a way of thinking that is ingrained and should be a topic of conversation. Be humble and candid with yourself and others. “Acknowledge your stereotypes and prejudices,” Newkirk said.“Be honest, and open yourself to change.” Cheryl Meyer is a California-based freelance writer. Reprinted with permission of The Journal of Accountancy/CPA Insider.

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LEADERSHIP LENS

CPA Profession: You’ve Changed a Lot in 40 years continued from page 4 exam conducted focus groups of stakeholders in the accounting profession and identified six areas of proficiency for newly licensed CPAs: critical thinking, problem solving, analytical ability, professional skepticism, and adaptability; strong understanding of business environment; effective communication skills; ability to analyze data; and ethics and professional responsibilities. The largest generational group in the workplace today is Millennials (people in their 20s to early 30s). In many firms today, Millennials already make up 50+ percent of the workforce and the projection is that they will constitute 75% of the U.S. workforce by 2025. How is this group different from those that preceded them? Here are some examples: •

They will have many different jobs in their careers, perhaps as many as 10 or more.

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Because of this, they are less likely to aspire to “climb the corporate ladder” at any one organization. They greatly value flexibility and time to pursue their own personal interests, whether it be family, fitness, or hanging out with friends. They do not accept as reasonable the requirement that work be done in the office and during prescribed hours.

Today women make up approximately 50% of the professional staff at firms, but they are still underrepresented at the leadership levels of the firms. It is interesting to note that today the CEOs of two of the Big 4 firms are women. This would not have happened a decade ago and it is not by accident. Most CPA firms and certainly our members in

business and industry have been developing strategies to increase the number of women in their senior leadership ranks for many years. Still, the profession has far to go before this goal is achieved. Some things have not changed. The CPA designation continues to be the most highly respected designation of any of the professions in the financial community. Perhaps one reason for this is our strong code of professional ethics that requires that we always put the interest of our clients ahead of our own and that we always perform all professional responsibilities with the highest sense of integrity. I am confident these underpinnings of our profession will continue to exists long into the future and will continue to give all CPAs a sense of pride as members of a great profession. You can contact Rich Jones at rjones@ wscpa.org.

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COVER STORY

Opening the Books, Growing the Business By Neil Amato

The roots of open-book management

Open-book management is a concept credited in part to Jack Stack, a business owner in the mid-western US state of Missouri. Stack was a plant manager at www.wscpa.org

© Getty Images / Yuji Sakai

O

n the surface, Tasty Catering is similar to many of its competitors in the Chicago area: It offers a wide variety of salads, sandwiches, and snacks for weddings and corporate events. But what you can’t tell while munching on its Waldorf salad or herb-crusted pork loin is something that makes the company radically different: It’s an open book, financially speaking. In 2011, the company opened its books to employees, choosing to share detailed financial information previously reserved for owners.The thinking:Treat employees like owners, and those employees will act like owners. They will think about ways to save money and how to spend it as if it were their own. It’s one of the principles of open-book management, a concept that has been slowly embraced by organizations around the world. And in the years since introducing it to its employees,Tasty has saved tens of thousands of dollars. “They’re thinking of better ways to serve our customers, and they’re constantly thinking about things from an owner perspective,” co-owner Kevin Walter said. Take the example of one Tasty Catering delivery driver.The driver was assigned to monitor one line of the company’s profitand-loss statement: fuel costs. He began charting the price of petrol over the course of several months in early 2012 and found that Tuesdays and Wednesdays were the days it was cheapest. The company began fuelling its fleet of 18 delivery vehicles midweek, saving more than $20,000 per year.

Springfield Remanufacturing Co. (SRC) beginning in 1979. He was sent there by parent company International Harvester because the unit was losing money. Stack led a turnaround by sharing the financial information with employees and getting them to play a game with those numbers, a process detailed in his book The Great Game of Business.

He and 12 other employees bought SRC from International Harvester in 1983. Today, Stack is the CEO of SRC Holdings Corp., which is owned by its 1,400 workers.The company operates 31 businesses using the principles of openbook management. The game is based on three principles: business transparency and education, WashingtonCPA Fall 2016

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high-involvement planning, and “the critical number,” a financial or operational metric that becomes the focus of the organisation’s game. If employees play the game well, they have a better chance of being rewarded financially and recognized for their success. Interest in sharing information, and ownership, with employees is growing. Revenue for The Great Game of Business, a division of SRC Holdings that offers corporate training and education on open-book practices, has more than doubled in the past three years. The number of US workers participating in employee stock ownership plans (ESOPs) grew from 6.3 million in 1996 to 13.5 million in 2014, according to the National Center for Employee Ownership (NCEO). The number of workers at majorityemployee-owned companies in Europe has grown from 373,000 in 2006 to 445,500 in 2015, according to the European Federation of Employee Share Ownership. And a report by Robert Half Management Resources in 2012, the most recent data available, showed that 7% of US private companies shared financial information with all employees. Tim Hird, executive director of Robert Half Management Resources, said open-book practices, even among companies that aren’t employee-owned, have continued to grow, but the evidence is anecdotal. Naturally, many companies that open the books to employees are employeeowned. But companies that aren’t employee-owned can learn from those that are. Employee-owned companies tend to perform better than those that aren’t employee-owned, in part because of the transparency. ESOP companies have 25% higher job growth than comparable, non-ESOP companies over a 10-year period, according to the NCEO, and ESOP companies also experienced increases in sales, productivity, and return on assets. Research detailed in Harvard Business Review in 1987 showed that 73% of companies that instituted ESOPs significantly improved their performance. Hird said workers are seeking more

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openness from companies, and those companies that oblige can have a more engaged workforce and better employee retention. But it’s more than financial information that employees are seeking. They want insight into the strategic direction of the organization.“Companies that have the best retention and morale, they’re talking about more than the numbers,” Hird said. Data support what Hird is saying. A Harvard Business Review Analytics study showed that executives view effective communication as one of the most critical factors to success. And US and UK workers seem put off by managers who

Eighty-one percent of workers want more information related to the business, and that includes bad news: 94% said they would rather hear negative results than hear nothing.

don’t share information, according to a survey by Geckoboard, a UK provider of data communication tools such as dashboards. In a 2015 survey, 76% of workers said they did not trust bosses who failed to share company data. Eighty-one percent of workers want more information related to the business, and that includes bad news: 94% said they would rather hear negative results than hear nothing.

The power of employee input

When New Belgium Brewing Co.’s CEO and majority owner announced she

had sold the company, employees summoned to a meeting at headquarters in Fort Collins, Colorado, were told to open envelopes placed under their chairs. The envelopes were to reveal the identity of the new owner. Inside the envelopes, they found mirrors. New Belgium’s employees—referred to as co-workers—were thinking like owners before co-founder Kim Jordan made that announcement in January 2013. Two such employees, Marc Finer and Don Rich, proposed in 2008 that New Belgium eliminate cardboard dividers in its 12-packs of bottled beer. The dividers were to keep bottles upright— and keep them from breaking as trucks shipped beer to most US states. The employees saw other beer companies eliminate the dividers and thought New Belgium should try it. The company had a committee for considering such ideas, and the committee approved a trial of the suggestion. By shrinking the outer cardboard package, the bottles fit tighter and didn’t need dividers. The move saved New Belgium $280,000 and eliminated the use of 150 tons of cardboard. It also increased the co-workers’ share of profits that year. “Everybody was high-fiving them in the halls,” said Katie Wallace, New Belgium’s assistant director of sustainability. New Belgium has since eliminated the dividers on packs of 24 beers as well as packs of 22-ounce bottles. Wallace said the annual savings are 360 tons of cardboard and about $1 million. That number doesn’t include savings from shipping more beer per truck because the cardboard cartons are smaller. And the company eliminated the No. 1 reason for downtime on the bottling line: The cardboard flaps sometimes got stuck. “We were able to use our equipment to a greater efficiency level,” Wallace said. Sharing ideas is part of the culture at New Belgium, a company that also shares financial information with the employee owners at monthly staff meetings. The sharing starts with basic education on financial terms and is part of the orientation process for new hires, according to CFO Danielle McLarnon, CPA, CGMA. “We don’t want them to have to create a www.wscpa.org


COVER STORY

How to be more open

T

ransparency and open-book management can yield big savings for companies. Here are a few ways organizations can be more open.

Start with education. Outside the accounting department, there is often little understanding of finance basics. So, employees will be more conversant about finance if they have more knowledge. Lisa Cvecko, CPA, CGMA, the vice president of finance at Evergent Group, a Northern California staffing firm, required that her company’s leadership team take an inhouse course on financial literacy before members of that team participated in meetings about finances. “Financials are only as good as your understanding of them,” Cvecko said. “Gross margin, operating expenses, cost of sales — people don’t understand those terms, so I wanted to give them some background.” Danielle McLarnon, CPA, CGMA, the CFO at New Belgium Brewing Co., said her company offers two accounting sessions at its annual retreat: basic and beyond basic.They are part of the company’s overall business acumen sessions that can help the staff understand the business better — and understand their role in making it more profitable. Don’t be too technical. Cvecko and McLarnon recommended offering information in an easy-to-understand format. Charts and graphs are better teaching tools than spreadsheets and income statements, at least for those new to finance and business concepts. Don’t be afraid to share bad news. Cvecko said that tough times are the best time to share information. “That’s the time that you can really engage your team to help make a difference, to help you find the solutions and the answers that the business needs, as opposed to upper management,

P&L, but we do want them to understand what a P&L is,” she said. That desire to share and educate ties into New Belgium’s core values, one of which reads: “Trusting each other and committing to authentic relationships and communications.” “If we want our co-workers to understand how they personally can impact the purpose of the company and the financial results of the company, they need to understand this process,” McLarnon said. “We need to be authentic. We need to be real. And we need to be timely with www.wscpa.org

which doesn’t touch the day-to-day stuff, trying to make the difference themselves.” Louisa Hosegood, FCMA, CGMA, the head of assurance, operations at John Lewis Partnership, said not to hide bad news; employees will learn about it soon enough anyway. At John Lewis, when profit seems on pace to fall below projections, the company begins the conversation with employees well before year end, so that they are not surprised on the day annual results are announced. Tell the story behind the numbers. Hosegood recommended providing context with all data shown to employees. For instance, if a sales team has sold more goods than the previous year, the sales team might assume a higher commission or bonus is coming its way. But if the cost of those goods has risen, and margins are lower, the bonus might be lower. “You can give people information, but if they don’t know what to do with it or why it’s there, they’ll struggle with it, or they’ll ignore it, or they’ll take it the wrong way,” Hosegood said. When Cvecko’s company shared its information, employees came up with an idea to reduce costs. Changing standard contract terms from 30 days to 10 days, Cvecko estimates, has saved the company $60,000 annually in interest since 2014. Set ground rules. Not every decision or policy in a company should be up for debate, even among companies that consider themselves transparent. Hosegood recommended that management be clear with employees about what can be debated and what can’t. There is a difference between being given information and being able to make a decision about the information.

our information.”

A successful partnership

Employees have a similar mindset at the John Lewis Partnership, UK owner of John Lewis department stores and Waitrose supermarkets. In 1929, John Spedan Lewis, the son of the company’s founder, signed a trust settlement, which led to the co-ownership of the company by its employees, reasoning that employee ownership was a better way to do business.Today JLP employs more than 90,000 “partners,” its word for the workers who

receive a percentage of company profits in the form of an annual bonus. “When you own something, you take more responsibility, you take more care, you are more loyal and committed to helping deliver success,” said Louisa Hosegood, FCMA, CGMA, the head of assurance, operations at John Lewis. Staff at John Lewis are afforded a direct line to management through the company’s constitution, written by John Spedan Lewis. In addition to traditional management, the company has a parallel democratic structure, which includes a WashingtonCPA Fall 2016

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Partnership Council comprising, amongst other members, 65 partners who are elected to represent colleagues, reflect their opinions, and influence the policies of the business and how profit is spent. “It’s basically to hold our management to account,” Hosegood said. The company’s profit-sharing encourages employees to feel responsible for how company money is spent and come up with ideas to maximize the bonus, which is paid as a percentage of each partner’s salary. The 2016 bonus was 10%, the equivalent of five weeks’ pay. Hosegood said that notes are affixed above some light switches. The handwritten message: “You’re burning our bonus. Switch off the light.” John Lewis shares sales information by shop and type of product, in addition to other metrics, with partners each week. It communicates business strategy and plans with partners, and annual results are brought to life through dynamic info-

graphics. John Lewis also has an internal, weekly magazine that includes a Letters section where employees often comment on challenging topics such as executive pay or strategic decisions. “Relevant managers have to respond to each one, so it makes everyone accountable for their decisions and actions,” Hosegood said.

‘Peer-to-peer pressure’

At Tasty Catering, delivery drivers and cooks are seen as shareholders and entrepreneurs. Good ideas can come from anyone, which is one reason the company shuts its doors and turns off its phones each day at 12:30 p.m. for an all-staff lunch. On Wednesdays, profitand-loss information is shared on a large whiteboard. Green markers are used for positive numbers, red for negative. The numbers affect each employee’s bonus amount. “It’s peer-to-peer pressure to do the right thing,” Walter, the co-owner, said.

Hugo Rios, an employee in charge of van maintenance, found annual vehicle repair costs to be $56,000. He estimated that by scheduling regular checkups for the vehicles, the cost could be cut to $37,000, leaving some room for the costs to address unforeseen breakdowns. Even though that goal wasn’t reached, the company cut repair costs to $42,000. “We saved $14,000 on one line of our P&L just because we were more proactive with maintenance,” Walter said. Neil Amato is Senior Manager, Management Accounting and Corporate Finance at the American Institute of CPAs. Printed with permission of the American Institute of CPAs. This article first appeared in CGMA Magazine. For more articles, sign up for the weekly email update from CGMA Magazine at http://bit.ly/UZ07NC. Copyright © 2011-2016 AICPA. Copyright © 2011-2016 Chartered Institute of Management Accountants. All rights reserved.

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LABOR & INDUSTRY

Top 5 Myths about Labor & Industry by Rose Gundersen, E.J.D.

U

p until last year, I strongly believed that government would be the last place I would turn for help. I simply didn’t think I would be heard and perpetuated that myth for 25 years while working in the private sector. Over time, I began to feel strongly that small businesses needed more of a voice in government so I became Washington State Department of Labor and Industry (L&I) Small Business Liaison last year. In this article, I will dispel five commonly held myths about L&I and explain the resources available to your small business clients.

© iStock by Getty Images / Saklakova

Find the resources mentioned here at www.lni.wa.gov

MYTH #1: L&I mainly collects quarterly premiums for worker’s compensation insurance.

FACT: Although collecting premiums is a very visible part of L&I, the agency also helps business owners through audits to educate and assist companies in avoiding future mistakes. Audits ensure that all workers entitled to industrial insurance are properly covered.This effort promotes an equitable system and lowers premiums for all. You can help your clients be wellprepared for an audit by referring them to these resources: • Employer’s Introduction to L&I – This free workshop on all L&I programs, services and resources, covers essential information for all business owners and managers. • Workers’ Compensation: Record Keeping and Reporting Guides - This guide covers proper record keeping and explains key issues that may trigger an audit or costly assessment. • How to prepare for a state audit – This video shares resources for each of the three main Washington state www.wscpa.org

taxing agencies: Department of Revenue, Employment Security Department and Department of Labor and Industries. Determination Unit: Covered employees vs. independent contractors – Many businesses use subcontractors or casual laborers. Should these workers be covered by workers’ compensation insurance? Sometimes it is difficult to know. To help clarify when coverage is needed, we offer individual case determination for you or your clients. Contact Steve Beaty at Determination@lni.wa.gov or (509) 324-2627 with questions. New Employer Review – This is an educational opportunity for newer employers in high-risk industries (like construction, landscaping or automotive) to learn how to keep records and report properly. This process is initiated by an L&I auditor and involves meet-

ing with the business owner and/or their representative such as a CPA. Together, they review the last two completed quarterly reports and ensure the information is correct moving forward. There will be no financial impact as a result of the review. Please encourage your clients to participate in this no-risk review if they receive an invitation. It will help them avoid costly mistakes.

MYTH #2: The best way to manage a claim is to send the worker home to recover.

FACT: While some injured workers may need to recover at home, your clients will save money and help workers recover faster if they understand how to use return-to-work strategies. Seattle Seahawks quarterback Russell Wilson famously coined the phrase “the separation is in the preparation.” The same is true for employers when it comes to managing a worker’s compensation claim. The difference between WashingtonCPA Fall 2016

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LABOR & INDUSTRY

a positive or negative outcome is how prepared employers are when an injury happens. Your knowledge of these resources will assist your clients tremendously: • Stay at Work Program – Offers financial incentives to encourage employers to quickly and safely bring workers back to light-duty or transitional jobs after an injury. Up to $13,900 in reimbursements are available. • Risk Management Consultation – A risk manager reviews your injury history and provides your business with a step-bystep plan that better prepares and informs your clients of best practices that help control costs. • Early Return to Work – The longer an injured worker remains off work, the harder it is for them to return to their original job and income. L&I vocational professionals help employers and injured workers with return-to-work options.

MYTH #3: I have no control over whether or not a worker gets injured.

FACT: Creating a culture of workplace safety and health in your business can prevent injury or illness that leads to costly insurance claims. The Division of Occupational Safety and Health (DOSH) at L&I enforces the Washington Industrial Safety and Health Act by developing safety and health rules and enforcing them through inspections. Did you know that DOSH also provides no-cost consultation services to help your clients keep their workers safe and working? Here is a list of resources: • On-site confidential workplace safety and health consultations – A meeting and a walk-through visit helps businesses evaluate their Accident Prevention Program and find workplace hazards. Your clients will not be fined for any safety violations if they are

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corrected within 60-days of the consultation. Encourage your clients to call and make an appointment. Safety & Health Topics A-Z or by Industries and Training,Videos & Workshops – Do you know businesses are required to host regular safety meetings? Clients who access these resource links will easily be able to determine safety meeting agendas. Download posters, publications and stickers for promoting workplace safety and health awareness. Marijuana consumption or medical marijuana – The recent legalization prompted many employers to ask questions. WAC 296-800-11025 prohibits alcohol and narcotics in the workplace and is still the applicable code to guide employers on marijuana use at the workplace.

MYTH #4: My clients mostly need my advice about payroll.

FACT: As a CPA, you’re also a likely resource to clients on questions related to wage and hour compliance. L&I enforces the state’s Industrial Welfare Act (RCW 49.12), while the US Department of Labor Wage and Hour Division enforces the federal laws on these similar topics. Besides the typical wage and overtime calculations for piece-rate, commission, flat-rate, and salaried employees, are you aware that even payroll overpayment needs to be handled according to state law? Visit L&I’s website on Workplace Rights to learn more. Other topics of importance include: • Is travel time compensable? This depends on specific facts and circumstances of each case. Review these guidelines published by L&I. • Adjustments for overpayments (WAC 296-126-030) – Note the time limitation and notice to employee

requirement when adjusting payroll overpayments. Internships – Review this fact sheet with criteria limitations for unpaid internships.

MYTH #5: L&I would not be helpful to business owners because they cannot relate to business owners’ needs and challenges.

FACT: The Small Business Liaison Office is the one-stop support to listen and help you and your clients. You specialize in your business. We specialize in supporting you. We strive to provide accurate and thorough answers with specialized advice from all programs within L&I. You can reach us at 1-800-987-0145 or SmallBusiness@lni.wa.gov. More than ever, I am passionate about giving small business a voice in government. I will actively listen and help you or your clients navigate L&I’s systems. Call my office no matter how big or small the issue. I am your advocate. I hope to continue to help clear up some myths and perceptions so you will take advantage of the resources available at L&I.   Rose Gundersen is the Small Business Liaison with the Washington State Department of Labor and Industries. Her job is to support small business owners helping them better understand their rights, the laws and how to navigate L&I’s systems. She also helps troubleshoot issues and shares business concerns with agency leaders, advocating on their behalf. Contact her at Rose.Gundersen@lni.wa.gov or (360) 902-4865.

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WashingtonCPA Fall 2016

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Code

Type

EVENTS BY LOCATION WSCPA education and events scheduled for October 2016 January 2017 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. LEARN MORE To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/cpe/catalog.

Date

CPE Credits

#

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

Location

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

Subject

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

Ø

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

Bellevue 10/20

8

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes, 8am-4pm

17TTFSOC

305

405

WSCPA

A&A

10/20

8

Rental Real Estate, 8am-4pm

17RREOC

305

405

WSCPA

TAX

Webcast also available

17WWRREOC

295

395

Webcast

10/21

8

Identity Theft: Preventing, Detecting, and Investigating, 8am-4pm

17IDENTOC

305

405

10/21

8

Like Kind Exchanges & Involuntary Conversions, 8am-4pm

17LKEOC

305

Webcast also available

17WWLKEOC

295

Fiduciary Income Tax Returns - Form 1041 Workshop, 8am-4pm

171041OC

Webcast also available

17WW1041OC

Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors, 8am-4pm

10/24 10/24

8

C

8

10/25

8

10/25

8

10/26

8

10/27

8

C

-30

-30

WSCPA

A&A

405

WSCPA

TAX

395

Webcast

320

420

WSCPA

310

410

Webcast

17ICDADOC

305

405

Advanced Selected Issues for Trust, Estates and Their Beneficiaries, 8am-4pm

17ITEBOC

320

420

Financial Statement Analysis: Basis for Management Advice, 8am-4pm

17FSABMOC

305

405

-30

Webcast also available

17WWFSABMO

295

395

-30

Webcast

Financial Forecasting and Decision Making, 8am-4pm

17FFMDOC

305

405

-30

WSCPA

Webcast also available

17WWFFMDOC

295

395

-30

Webcast

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

17CFVVOC

320

420

WSCPA

Webcast also available

17WWCFVVOC

310

410

Webcast

-30

TAX

WSCPA

A&A

WSCPA

TAX

WSCPA

A&A MG A&A

10/27-28

16

Excel Boot Camp- Two Days of Intensive Excel Training, 8am-4pm

17EBCOC

525

625

WSCPA

TEC

10/28

8

Annual Accounting and Auditing Update, 8am-4pm

17ACAUOC

320

420

WSCPA

A&A

Webcast also available

17WWACAUOC

310

410

Webcast

IRA Boot Camp, 8am-4pm

17IRABOC

320

420

WSCPA

Webcast also available

17WWIRABOC

310

410

Webcast

10/31

8

C

11/1

8

Forensic Accounting Investigative Practices, 8am-4pm

17FAIPNV

305

405

11/1

8

K-1 Boot Camp for S-Corporations and LLCs, 8am-4pm

17K1SLNV

320

420

11/2

8

Internal Controls & Risk Assessment: Key Factors in a Successful Audit, 8am-4pm

17ICRANV

305

405

11/2

8

Washington State Community Property and Estate Tax Law Update, 8am-4pm

17WKCPNV

305

11/3

8

Introduction to Partnership Taxation, 8am-4pm

17IPTNV

11/4

8

Preparing Complex 1040s, 8am-4pm

11/7

8

WSCPA

A&A

WSCPA

TAX

WSCPA

A&A

405

WSCPA

TAX

310

410

WSCPA

TAX

17PCRNV

310

410

WSCPA

TAX

Accounting & Auditing Conference 2016, 8am-4pm

17AAC

345

445

Meydenbauer Center

A&A

Webcast also available

17WWAAC

335

435

Webcast

11/7

8

Annual Tax Update: Corporations and Pass Through Entities, 8am-4pm

17ATCPNV

305

405

11/7

8

Capital, Ordinary & Section 1231 gains, 8am-4pm

17COSGNV

305

405

11/8

8

Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs, 8am-4pm

17STSBNV

305

405

11/8

8

Vacation Home, Business Use of Home & Hobby Losses, 8am-4pm

17VHBNV

305

405

 Non-tech credits |

www.wscpa.org

-30

TAX

-30

-30 -30

WSCPA

TAX

WSCPA

TAX

WSCPA

TAX

WSCPA

TAX

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

Networking event

WashingtonCPA Fall 2016

29


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

11/9

4

E

Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement) - AFTERNOON, 12:30pm-4pm

17ETTNNV9P

189

239

WSCPA

Ethics

11/9

4

E

Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement) - MORNING, 8am-11:30am

17ETTNNV9A

189

239

WSCPA

Ethics

11/10

3

l S

2016 Disruption Tour - Free to Members!, 1pm-4:30pm

17CHBVNV10

0

99

Maggiano's at Lincoln Square

SK

11/10

8

Federal Tax Update Individuals (Form 1040), 8am-4pm

17FTUINV10

305

405

WSCPA

TAX

Webcast also available

17WWFTUIN

295

395

Webcast

11/11

8

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8am-4pm

17FTUBNV11

305

405

WSCPA

Webcast also available

17WWFTUBNV

295

395

11/14

8

Annual Update for Accountants and Auditors, 8am-4pm

17AUAANV

305

405

-30

WSCPA

Webcast also available

17WWAUAANV

295

395

-30

Webcast

TAX

Webcast A&A

11/14

8

Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes, 8am-4pm

17NXUPNV

305

405

-30

WSCPA

TAX

11/15

8

Basis/Distributions for Pass-Through Entities: Simplifying the Complexities, 8am4pm

17BADINV

305

405

-30

WSCPA

TAX

11/15

8

Federal Estate and Gift Tax Returns - Form 706 and 709 Workshop with Filledin-Forms, 8am-4pm

17GIFTNV

320

420

WSCPA

TAX

Webcast also available

17WWGIFTNV

310

410

11/16

8

Leases: Mastering the New FASB Requirements, 8am-4pm

17LEASNV

305

405

-30

WSCPA

A&A

11/16

8

Multistate Income Tax, 8am-4pm

17MITNV

305

405

-30

WSCPA

TAX

11/17-18

16

Partnership Taxation, 8am-4pm

17PTSNV

525

625

WSCPA

TAX

11/17

8

Revenue Recognition: Mastering the New FASB Requirements, 8am-4pm

17INRRNV

305

405

-30

WSCPA

A&A

11/21

8

Advanced Tax Strategies for LLCs and Partnerships, 8am-4pm

17DTTNV

305

405

-30

WSCPA

TAX

11/21

8

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

17CRMNV21

305

405

WSCPA

MG

11/22

8

Taxation for Individuals Living Abroad, 8am-4pm

17TILANV

305

405

-30

WSCPA

TAX

Webcast also available

17WWTILANV

295

395

-30

Webcast

11/22

8

The Strategic CFO: Big Picture Skills, 8am-4pm

17SCFONV22

305

405

WSCPA

MG

11/28-29

16

Tax Staff Training - Individuals, 8am-4pm

17TSTINV

525

625

WSCPA

TAX

11/29

8

Construction Contractors: Accounting, Auditing and Tax, 8am-4pm

17CAATNV

305

405

-30

WSCPA

A&A

Webcast also available

17WWCAATNV

295

395

-30

Webcast

Governmental and Not-for-Profit Annual Update, 8am-4pm

17GNAUDE

305

405

-30

WSCPA

A&A

Unraveling the At Risk Rules, 8am-4pm

17UARDE

305

405

WSCPA

TAX

Webcast also available

17WWUARDE

295

395

Webcast

12/1

8

12/1

8

C

Y

Webcast

12/2

8

Forensic Accounting: Fraudulent Reporting and Concealed Assets, 8am-4pm

17FAFRDE2

305

405

12/2

8

Passive Activity Losses A-Z, 8am-4pm

17PALDE

305

405

-30

WSCPA

A&A

WSCPA

TAX

Webcast also available

17WWPALDE

295

395

12/5

8

Hottest Tax Topics for 2016, 8am-4pm

17HOTDE

305

405

-30

WSCPA

Webcast also available

17WWHOTDE

295

395

-30

Webcast

Webcast TAX

12/5-6

16

Tax Staff Training Issues - Business, 8am-4pm

17TSTBDE

525

625

WSCPA

TAX

12/6

8

Form 990: Exploring the Form’s Complex Schedules, 8am-4pm

17EOF99DE

305

405

-30

WSCPA

TAX

Webcast also available

17WWEOF99

295

395

-30

Webcast

12/7

8

Income Taxation of Trusts: Minimizing Your Clients Taxes, 8am-4pm

17TRUSDE

305

405

-30

WSCPA

Webcast also available

17WWTRUSDE

295

395

-30

Webcast

TAX

12/7

8

Washington Tax and New Developments, 8am-4pm

17WSTXDE

305

405

WSCPA

TAX

12/8

8

Fraud Conference 2016, 8am-5pm

17FDC

280

380

Meydenbauer Center

A&A

12/9

4

E

Washington CPA Ethics and New Developments by Mark Hugh (A WA Requirement) - AFTERNOON, 12:30pm-4pm

17ETMHDE9P

189

239

WSCPA

Ethics

12/9

4

E

Washington CPA Ethics and New Developments by Mark Hugh (A WA Requirement) - MORNING, 8am-11:30am

17ETMHDE9A

189

239

WSCPA

Ethics

12/12

8

Advanced Technical Tax Forms Training - LLCs, S-Corporations, and Partnerships, 8am-4pm

17ATFBDE

320

420

WSCPA

TAX

Webcast also available

17WWATFBDE

310

410

Webcast

 Non-tech credits |

30

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

WashingtonCPA Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

# 12/12-13

16

12/13

8

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Technology Conference 2016, 8am-5pm

17ITC

625

725

Meydenbauer Center

TEC

Interest Expenses, Imputed Interest & Original Issue Discount, 8am-4pm

17IEIDDE

305

405

WSCPA

TAX

Webcast also available

17WWEIDDE

295

395

Webcast

Surgent Advanced Individual Income Tax Return Issues, 8am-4pm

17STRIDE

320

420

WSCPA

Type

12/13

8

TAX

12/14

8

Discharge of Debt Rules, 8am-4pm

17DODRDE

305

405

WSCPA

TAX

12/14

8

The Casual Tax Preparer 1040 Forms Update for 2016, 8am-4pm

17CASUDE

320

420

WSCPA

TAX

Webcast also available

17WWCASUDE

310

410

Webcast

12/15-16

16

Financial Accounting Standards and Financial Reporting Standards: The Annual Update and Review of GAAP, Special Purpose Frameworks, the SSARS, and the AICPA Auditing Standards, 8am-4pm

17ARSURDE

590

690

WSCPA

A&A

12/19

8

Federal Tax Update, 8am-4pm

17GGFTUDEA

310

410

WSCPA

TAX

Webcast also available

17WWGGFTUD

300

400

Webcast

12/20

8

Annual Accounting Update for Accountants in Industry - 2016, 8am-4pm

17AAUDIDE

305

405

WSCPA

A&A

12/20

8

Real Estate Taxation: Cutting Edge Tax Strategies in the Taxation of Real Estate, 8am-4pm

17GGRETDE

310

410

WSCPA

TAX

Webcast also available

17WWGGRETD

300

400

Webcast

12/21

8

Financial Statement Presentation and Disclosure– 2016, 8am-4pm

17FSPDDE

305

405

WSCPA

A&A

12/21

8

Partnership and LLC Taxation: Cutting Edge Tax Strategies for Entities Taxed as Partnerships, 8am-4pm

17GGPLTDE

310

410

WSCPA

TAX

Webcast also available

17WWGGPLTD

300

400

Webcast

12/27

8

Statements on Standards for Accounting and Review Services Annual Update and Review (including the Compilation and Review Standards) by Walter J. Haig, 8am-4pm

17CRURDE27

325

425

WSCPA

Webcast also available

17WWCRURDE

315

415

Webcast

Financial 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 J. Haig, 8am-4pm

17ASURDE28

325

425

WSCPA

Webcast also available

17WWASURDE

315

415

Webcast

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

17BFHCDE29

325

425

WSCPA

A&A

12/28

8

12/29

8

12/30

8

IT Risks and Controls in Current and Emerging Environments, 8am-4pm

17ITRCDE

305

405

WSCPA

A&A

1/9

8

Preparing Individual Tax Returns for New Staff and Para-Professionals, 8am-4pm

17PITRJA

320

420

WSCPA

TAX

Webcast also available

17WWPITRJA

310

410

Webcast

1/10

8

Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations, 8am-4pm

17TFBCJA

320

420

WSCPA

Webcast also available

17WWTFBCJA

310

410

Webcast

Trust Accounting, 8am-4pm

17TAJA

305

405

WSCPA

Webcast also available

17WWTAJA

295

395

Webcast

Passive Activities Rules: Cutting Edge Tax Strategies in Passive Losses, 8am-4pm

17GGPATJA

310

410

WSCPA

Webcast also available

17WWGGPATJ

300

400

Webcast

Choice of Entity, 8am-4pm

17GGCOEJA

310

410

WSCPA

Webcast also available

17WWGGCOEJ

300

400

Webcast

2016 Tax Advisors Update, 8am-4pm

17BTAUJA23

355

455

Meydenbauer Center

Webcast also available

17WWBTAUJA

345

445

Webcast

1/12 1/17 1/18 1/23

8 8 8 8

-30

A&A

A&A

TAX PFP TAX TAX TAX

1/23

8

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

17BFHCJA

325

425

WSCPA

A&A

1/24

8

Financial 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 J. Haig, 8am-4pm

17ASURJA24

325

425

WSCPA

A&A

1/25

8

Statements on Standards for Accounting and Review Services Annual Update and Review (including the Compilation and Review Standards) by Walter J. Haig, 8am-4pm

17CRURJA25

325

425

WSCPA

A&A

Webcast also available

17WWCRURJA

315

415

Webcast

1/26

8

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

17PFHCJA26

325

425

WSCPA

A&A

1/30

8

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

17PTUJA

305

405

-30

WSCPA

TAX

Webcast also available

17WWPTUJA

295

395

-30

Webcast

 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 Fall 2016

31


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

Bellingham 11/3

8

Washington State Community Property and Estate Tax Law Update, 8am-4pm

17WKCPNV03

305

405

Bellingham Conf Ctr

TAX

11/14

8

C

Social Security, Medicare and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know, 8am-4pm

17SSRBNV

320

420

Bellingham Conf Ctr

TAX

12/1

3

l S

2016 Disruption Tour - Free to Members!, 1pm-4pm

17CHBLDE01

0

99

Bellingham Country Club

SK

12/5

8

Advanced Business Law for CPAs, 8am-4pm

17ABLTDE

305

405

-30

Bellingham Conf Ctr

MG

12/6

8

Real-World Fraud in Today's Small- to Medium-Sized Entities, 8am-4pm

17FSMEDE

305

405

-30

Bellingham Conf Ctr

A&A

12/7

8

Accounting and Auditing Update for Small Businesses, 8am-4pm

17SMBZDE

305

405

-30

Bellingham Conf Ctr

A&A

12/12

8

Federal Tax Update - Individual & Business Current Developments, 8am-4pm

17FEDUIDE

305

405

Bellingham Conf Ctr

TAX

12/13

8

Washington Tax and New Developments, 8am-4pm

17WSTXDE13

305

405

Bellingham Conf Ctr

TAX

12/14

4

E

Washington CPA Ethics and New Developments by Mark Hugh (A WA Requirement), 8am-11:30am

17ETMHDE14

189

239

Bellingham Conf Ctr

Ethics

1/17

2

l S

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

17CHBLJA17

35

35

Bellingham Country Club

TAX

Washington Tax and New Developments, 8am-4pm

17WSTXNV

305

405

Hilton Garden Inn

TAX

Washington CPA Ethics and New Developments by Mark Hugh (A WA Requirement), 8am-11:30am

17ETMHNV16

189

239

Hilton Garden Inn

Ethics

Bothell 11/15

8 E

11/16

4

11/18

8

Annual Update for Compilation and Review Engagements, 8am-4pm

17COURNV

305

405

Hilton Garden Inn

A&A

12/15

8

C

IRA Boot Camp, 8am-4pm

17IRABDE

320

420

Hilton Garden Inn

TAX

12/16

8

C

Estate and Life Planning Issues for the Middle-Income Client, 8am-4pm

17PMICDE

320

420

Hilton Garden Inn

TAX

3

l S

2016 Disruption Tour - Free to Members!, 8am-11:30am

17CHEVNV29

0

99

Holiday Inn

SK

10/25

2

l S

Washington Tax Developments, 7:30am-9:30am

17CHEVOC25

35

40

Hampton Inn

TAX

12/13

8

Federal Tax Update Individuals (Form 1040), 8am-4pm

17FTUIDE13

305

405

Lynnwood Conv Ctr

TAX

12/14

8

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8am-4pm

17FTUBDE14

305

405

Lynnwood Conv Ctr

TAX

-30

Everett 11/29 Lynnwood

Olympia 11/2

2

l S

Don’t It Make My White Collar Blue: How Updated Federal “White Collar” Overtime Laws Will Effect Businesses, 12pm-2pm

17CHOLNV02

40

40

Indian Summer Country Club

MG

12/7

3

l S

2016 Disruption Tour - Free to Members!, 2pm-5pm

17CHOLDE7A

0

99

Indian Summer Country Club

SK

12/7

2

l S

IRS Appeals, 12pm-2pm

17CHOLDE07

40

40

Indian Summer Country Club

TAX

Portland 11/18

4

Affordable Care Act: Critical Tax and Insurance Ramifications, 12:45pm-4:30pm

17CL4HCRAN

189

239

Sheraton Portland Airport

TAX

11/18

4

Reviewing Individual Tax Returns: What Are You Missing?, 8am-11:45am

17CL4ITRMN

189

239

Sheraton Portland Airport

TAX

12/6

4

Oregon and Washington Ethics: New Developments, 8am-11:45am

17WOETHDE

189

239

DoubleTree by Hilton

Ethics

12/8

8

Advanced Critical Tax Issues for Limited Liability Companies and Partnerships by Surgent, 8am-4pm

17ACTLDE08

309

409

Sheraton Airport

TAX

12/13

8

Statements on Standards for Accounting and Review Services Annual Update and Review by Walter J. Haig, 8am-4pm

17CRURDE13

330

430

Embassy Suites Airport

A&A

12/14

8

Financial 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 J. Haig, 8am-4pm

17ASURDE14

330

430

Embassy Suites Airport

A&A

E

Richland 11/14

3

l S

Disruption Tour: What is Disrupting Your Business? FREE CPE for Members!, 1pm-5pm

17CHTCNV14

0

99

Tagaris Winery

MG

12/12

1

l S

Cyber Security, 12pm-1pm

17CHTCDE12

25

25

Tagaris Winery

TEC

1/9

1

l S

Federal Tax Update, 12pm-1pm

17CHTCJA09

25

25

Tagaris Winery

TAX

 Non-tech credits |

32

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

WashingtonCPA Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Bocce Ball-Rhein Haus 2016, 6pm-8:30pm

17CHSEOC27

25

30

Rhein Haus

PD

Pacific Tax Institute 2016, 8am-5pm

17PTI

648

820

Bell Harbor Int'l Conf Center

TAX

Type

Seattle 10/27

0

 l

11/2-3

16

Webcast also available

17WWPTI

648

738

Webcast

11/14-15

16

WSCPA/CFMA Construction Industry Conference 2016, 8am-5pm

17CIC

615

715

Bell Harbor Int'l Conf Center

SK

11/17-18

16 16

 Y

Not-For-Profit Conference 2016, 8am-5pm

17NFPC

480

580

Bell Harbor Int'l Conf Center

GNP

Webcast also available

17WWNFPC

460

560

Webcast

11/29

4

E

Professional Conduct & Ethics – AICPA and Washington Board CPA Regulatory Update – 2016, 8am-11:30am

17ETJRNV29

189

239

Best Western Executive Inn

Ethics

11/30

3

l S

2016 Disruption Tour - Free to Members!, 8am-11:30am

17CHSENV30

0

99

FareStart

SK

11/9

1

 l S

2016 E Clair Daniels Symposium, 11:30am-1:30pm

17CHSPNV09

50

50

Davenport Hotel

PD

11/15

3

l S

2016 Disruption Tour - Free to Members!, 8am-11:30am

17CHSPNV15

0

99

Spokane Club

SK

11/21

8

Financial 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 J. Haig, 8am-4pm

17ASURNV21

325

425

Hampton Inn

A&A

11/22

8

Statements on Standards for Accounting and Review Services Annual Update and Review (including the Compilation and Review Standards) by Walter J. Haig, 8am-4pm

17CRURNV22

325

425

Hampton Inn

A&A

11/28

8

Buying and Selling a Business: The CPA's Role, 8am-4pm

17BASBNV

305

405

-30

Hampton Inn

TAX

11/29

8

Tax Considerations and Consequences for Closely Held Businesses, 8am-4pm

17CHTXNV

305

405

-30

Hampton Inn

TAX

12/1

8

Forensic Accounting: Fraudulent Reporting and Concealed Assets, 8am-4pm

17FAFRDE1

305

405

-30

Hampton Inn

A&A

12/5

8

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

17DRMMDE

320

420

Hampton Inn

TAX

12/6

8

From Hiring and Firing and Everything in Between: Legal, Tax and Health Care Issues, 8am-4pm

17HTOFDE

320

420

Hampton Inn

TAX

12/7

8

Federal Tax Update, 8am-4pm

17GGFTUDE

310

410

Hampton Inn

TAX

12/12

4

Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement), 8am-11:30am

17ETTNDE12

189

239

Hampton Inn

Ethics

12/19

8

The Best S Corporation, Limited Liability and Partnership Update Course by Surgent, 8am-4pm

17BCPEDE19

310

410

Hampton Inn

TAX

12/20

8

A Practical Guide to Small Business Health Insurance and Fringe Benefit: 2016 and Beyond, 8am-4pm

17OBCRDE

320

420

Hampton Inn

TAX

1/24

8

2016 Tax Advisors Update, 8am-4pm

17BTAUJA24

355

455

Mirabeau Park Hotel

TAX

Annual Update for Accountants and Auditors, 8am-4pm

17AUAANV15

305

405

Hotel Murano

A&A

2016 Disruption Tour - Free to Members!, 8am-11:30am

17CHTANV16

0

99

Hotel Murano

SK

S

Spokane

C

E

C

Tacoma 11/15

8

11/16

3

11/28

8

Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors, 8am-4pm

17ICDADNV

305

405

-30

Hotel Murano

A&A

12/1

8

Revenue Recognition: Mastering the New FASB Requirements, 8am-4pm

17INRRDE

305

405

-30

Hotel Murano

A&A

12/2

8

Annual Update for Compilation and Review Engagements, 8am-4pm

17CORUDE

305

405

-30

Hotel Murano

A&A

12/6

8

Form 1041: Income Taxation of Estates and Trusts, 8am-4pm

17ITETDE

305

405

-30

Hotel Murano

TAX

12/7

8

The Best Individual Income Tax Update Course by Surgent, 8am-4pm

17BITUDE

320

420

Hotel Murano

TAX

12/8

8

The Best S Corporation, Limited Liability and Partnership Update Course by Surgent, 8am-4pm

17BCPEDE

320

420

Hotel Murano

TAX

12/16

4

E

Rules Regulations and Ethics for CPAs in Washington by Thomas Neill (A WA Requirement) - MORNING, 8am-11:30am

17ETTNDE16

189

239

Hotel Murano

Ethics

12/28

8

Y

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

17FSNPODE

305

405

Hotel Murano

A&A

l S

C

 Non-tech credits |

www.wscpa.org

-30

-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 Fall 2016

33


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Trivia Night at Bill's Place, 5:30pm-7pm

17CHYKOC26

10

10

Bill's Place

PD

2016 Disruption Tour - Free to Members!, 2pm-5pm

17CHYKNV09

0

99

Zesta Cucina

SK

Type

Yakima 10/26

0

 l

11/9

3

l S

S

Your Desk - Webcasts & Webinars 10/20

1

AICPA Conflicts of Interest: A New Approach WEBCAST, 9am-10am

17WBAOC20C

39

59

Webcast

SK

10/20

1

AICPA Independence Rules - A New 2016 Approach WEBCAST, 10am-11am

17WBAOC20D

39

59

Webcast

SK

10/20

4

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

17WBBOC20A

159

199

Webcast

A&A

10/20

4

Identifying Fraud Risks WEBCAST, 1pm-4:30pm

17WBCOC20D

140

188

Webcast

A&A

10/20

2

Internal Control’s New Muscles WEBINAR, 2pm-4pm

17WNCOC20B

79

99

Webinar

A&A

10/20

2

IRS Representation: Key Strategies to Represent Your Clients WEBINAR, 9am-11am

17WNCOC20A

79

99

Webinar

TAX

10/20

3

Navigating The Choppy Seas of The Streamlined Procedures EVENING WEBCAST, 4pm-7pm

17WBAOC20B

99

129

Webcast

TAX

10/20

4

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

17WBCOC20C

140

188

Webcast

A&A

10/20

4

Private Foundations and Form 990-PF Basics WEBCAST, 8:30am-12pm

17WBCOC20A

140

188

Webcast

TAX

10/20

2

Winning at the Bank - Making the Best of Your First Impression WEBCAST, 9am-11am

17WBAOC20A

79

109

Webcast

SK

10/20

8

Working With, Storing and Securing Digital Information WEBCAST, 8:30am-4pm

17WBCOC20B

275

375

Webcast

TEC

10/21

8

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

17WBCOC21B

275

375

Webcast

A&A

10/21

2

Real Estate Tax Update: Key Changes for Investors and Owners WEBINAR, 9:30am-11:30am

17WNCOC21A

79

99

Webinar

TAX

10/21

8

Social Security: Advanced Education and Training WEBCAST, 8:30am-4pm

17WBCOC21A

275

375

Webcast

CS

10/24

8

AICPA's Best Practices for Payroll Taxes and 1099 Issues WEBCAST, 7:30am-3:30pm

17WBBOC24A

249

319

Webcast

TAX

10/24

2

Captive Insurance: An Effective Financial and Risk Management WEBINAR, 11am-1pm

17WNCOC24B

79

99

Webinar

TAX

10/24

8

Federal Taxation of Partnerships and LLCs Part I: Formation, Operation and Allocations WEBCAST, 8:30am-4:30pm

17WBCOC24A

275

375

Webcast

TAX

10/24

2

S Corporations: How to Calculate the Owner's Basis WEBINAR, 9am-11am

17WNCOC24A

79

99

Webinar

TAX

10/25

4

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

17WBBOC25A

159

199

Webcast

A&A

10/25

2

Detecting and Preventing Internal Fraud, Theft and Abuse WEBINAR, 12pm-2pm

17WNCOC25C

79

99

Webinar

A&A

10/25

2

Excel Formula Expert Series - Lookup & Reference WEBINAR, 8am-10am

17WNCOC25A

79

99

Webinar

TEC

10/25

8

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

17WBCOC25B

275

375

Webcast

TAX

10/25

8

Passive Activities Rules: Cutting-Edge Tax Strategies in Passive Losses WEBCAST, 8:30am-4:30pm

17WBCOC25A

275

375

Webcast

TAX

10/25

2

What’s New in A & A? WEBINAR, 9am-11am

17WNCOC25B

79

99

Webinar

A&A

10/26

8

2016 Financial Statement Preparation, Compilation, and Review WEBCAST, 7am-3pm

17WBAOC26A

195

245

Webcast

A&A

10/26

4

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

17WBBOC26A

159

199

Webcast

TAX

10/26

8

Choice of Entity: Cutting-Edge Tax Strategies in Choice of Entity Decisions WEBCAST, 8:30am-4:30pm

17WBCOC26A

275

375

Webcast

TAX

10/26

4

Corporate Tax Planning: Actual and Constructive Distributions WEBCAST, 12:30pm-4pm

17WBCOC26B

140

188

Webcast

TAX

10/26

2

What Advisors Need to Know Regarding Social Security Changes due to the Bi-Partisan Budget Bill WEBINAR, 10am-12pm

17WNCOC26A

79

99

Webinar

TAX

10/27

2

AICPA's U.S. GAAP: Latest Developments for Business & Industry WEBCAST, 10am-2pm

17WBBOC27A

159

199

Webcast

A&A

10/27

2

Increase Revenue with Time Management WEBINAR, 7am-9am

17WNCOC27A

79

99

Webinar

PD

10/27

8

Tax Research Skills WEBCAST, 8:30am-4pm

17WBCOC27A

275

375

Webcast

TAX

10/28

8

ESOPs: Uses, Strategies, Benefits and Pitfalls WEBCAST, 8:30am-4pm

17WBCOC28A

275

375

Webcast

EB

 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 Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44

CONFERENCES

2016 Conferences Great topics - phenomenal speakers opportunities too amazing for you to miss! November 2-3

Pacific Tax Institute

November 7

Accounting & Auditing Conference

November 14-15

WSCPA/CFMA Construction Industry Conference

November 17-18

Not-For-Profit Conference

December 8

Fraud Conference

December 12-13

Technology Conference

webcast available

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

WashingtonCPA Fall 2016

35


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

# 10/28

Course

Code

Multistate Taxation of the Mobile Work Force and Issues Related to Nonresident, Estate and Trust Tax Returns WEBCAST, 8:30am-4pm

17WBCOC28B

Type

8

WSCPA NonAICPA Member Member Member Discount Fee Fee

275

375

Location

Subject

Webcast

TAX

10/28

8

S Corporations: Tax Planning Ideas and Strategies WEBCAST, 8:30am-4:30pm

17WBCOC28C

275

375

Webcast

TAX

10/29

4

Washington B&O Tax and New Developments 2016 by Mark Hugh SATURDAY WEBCAST, 8am-12pm

17WBAOC29B

129

159

Webcast

TAX

10/29

4

Washington CPA Ethics and New Developments 2016 by Mark Hugh (A WA Requirement) SATURDAY WEBCAST, 8am-12pm

17WBAOC29A

164

194

Webcast

Ethics

10/29

4

Washington Sales Tax and New Developments 2016 by Mark Hugh SATURDAY WEBCAST, 12pm-4pm

17WBAOC29C

129

159

Webcast

TAX

E

10/31

4

AICPA's Analyzing a Company’s Financial Statement WEBCAST, 7:30am-11:30am

17WBBOC31A

159

199

Webcast

A&A

10/31

4

AICPA's Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 11:30am-3:30pm

17WBBOC31B

159

199

Webcast

MG

10/31

2

Business Tax Update and Recent Developments WEBINAR, 7am-9am

17WNCOC31A

79

99

Webinar

TAX

10/31

8

Living Trust Administration Workshop WEBCAST, 8:30am-4pm

17WBCOC31B

275

375

Webcast

TAX

10/31

2

Partnerships and LLCs vs. S Corporations - How Many Tax Differences Remain? WEBINAR, 1pm-3pm

17WNCOC31B

79

99

Webinar

TAX

10/31

4

The Facts: Budgeting, Planning & Forecasting WEBCAST, 8:30am-12pm

17WBCOC31A

140

188

Webcast

A&A

10/31

8

Understanding Partnership and LLC Taxation WEBCAST, 8:30am-4:30pm

17WBCOC31C

275

375

Webcast

TAX

11/1

8

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

17WBCNV01A

275

375

Webcast

SK

11/1

2

Sales Tricks to Fool CFOs and Auditors WEBINAR, 1pm-3pm

17WNCNV01B

79

99

Webinar

A&A

11/1

2

Trusts – Accounting and Taxation WEBINAR, 12pm-2pm

17WNCNV01A

79

99

Webinar

TAX

11/2

4

AICPA's Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know WEBCAST, 10am-2pm

17WBBNV02A

159

199

Webcast

A&A

11/2

2

Beyond Traditional Budgeting: Change Your Approach to Planning and Control WEBINAR, 9am-11am

17WNCNV02B

79

99

Webinar

A&A

11/2

8

Classification and Measurements WEBCAST, 8:30am-4pm

17WBCNV02B

275

375

Webcast

A&A

11/2

2

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

17WNCNV02C

79

99

Webinar

A&A

11/2

8

Introduction to International Taxation WEBCAST, 8:30am-4:30pm

17WBCNV02A

275

375

Webcast

TAX

11/2

2

Tax Depreciation Update: Rules and Special Situations WEBINAR, 7am-9am

17WNCNV02A

79

99

Webinar

TAX

11/3

4

AICPA's GASB Statement No. 68 Audit and Accounting Workshop WEBCAST, 10am-2pm

17WBBNV03A

159

199

Webcast

GNP

Y

11/3

2

Final Repair Regulations: Current Developments and Update WEBINAR, 7am-9am

17WNCNV03A

79

99

Webinar

TAX

11/3

2

Performance Auditing Essentials WEBINAR, 9:30am-11:30am

17WNCNV03B

79

99

Webinar

A&A

11/3

2

Small Business Health Insurance Reimbursement & Penalty WEBINAR, 1pm-3pm

17WNCNV03C

79

99

Webinar

TAX

11/3

2

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

17WBANV03A

79

109

Webcast

A&A

11/4

2

Nonprofits: Working with or Serving on Nonprofit Boards WEBINAR, 9am-11am

17WNCNV04A

79

99

Webinar

MG

11/4

8

Not-for-Profit Organizations: Accounting and Auditing Principles and Applications WEBCAST, 8:30am-4:30pm

17WBCNV04A

275

375

Webcast

GNP

11/7

4

AICPA's Audit Workpapers: Documenting Field Work WEBCAST, 7:30am-11:30am

17WBBNV07A

159

199

Webcast

A&A

11/7

4

AICPA's Audit Workpapers: Reviewing Field Work WEBCAST, 11:30am-3:30pm

17WBBNV07B

159

199

Webcast

A&A

11/7

2

Excel Formula Expert Series - Lookup & Reference WEBINAR, 12pm-2pm

17WNCNV07C

79

99

Webinar

TEC

11/7

8

Federal Taxation of Partnerships and LLCs Part I: Formation, Operation and Allocations WEBCAST, 8:30am-4:30pm

17WBCNV07A

275

375

Webcast

TAX

11/7

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 11am-1pm

17WNCNV07B

79

99

Webinar

A&A

11/7

8

S Corporations: The Fundamentals and More WEBCAST, 8:30am-4:30pm

17WBCNV07B

275

375

Webcast

TAX

11/7

2

What Advisors Need to Know Regarding Social Security Changes due to the Bi-Partisan Budget Bill WEBINAR, 8am-10am

17WNCNV07A

79

99

Webinar

TAX

11/8

2

15 Best Practices in Budgeting WEBINAR, 8:30am-10:30am

17WNCNV08A

79

99

Webinar

MG

11/8

8

Estate Planning: A Comprehensive Overview WEBCAST, 8:30am-4:30pm

17WBCNV08A

275

375

Webcast

TAX

11/8

1

Medicare and Its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11:00am - 12:00pm

17WBANV08C

9.75

60

Webcast

CS

11/8

2

Real Estate Tax Update: Key Changes for Investors and Owners WEBINAR, 2pm-4pm

17WNCNV08B

79

99

Webinar

TAX

11/8

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

17WBANV08A

9.75

60

Webcast

PFP

 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 Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

#

Course

EDUCATION AND EVENTS Code

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

11/8

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

17WBANV08B

9.75

60

Webcast

PFP

11/9

2

Communicating Financial Information to Non-Accountants WEBINAR, 9am-11am

17WNCNV09A

79

99

Webinar

MG

11/9

8

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

17WBCNV09A

275

375

Webcast

TAX

11/9

2

What CPAs Need to Know about Elder Fraud to Protect Themselves and Clients WEBINAR, 12pm-2pm

17WNCNV09B

79

99

Webinar

A&A

11/10

8

2016 Business Fraud Update WEBCAST, 7am-3pm

17WBANV10A

195

245

Webcast

A&A

11/10

6

AICPA's Multistate Taxation WEBCAST, 9am-3pm

17WBBNV10A

199

249

Webcast

TAX

11/10

8

Basis Calculations & Distributions for Pass-Through Entity Owners: Schedule K-1 Analysis WEBCAST, 8:30am-4pm

17WBCNV10A

275

375

Webcast

TAX

11/10

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 3pm-5pm

17WNCNV10B

79

99

Webinar

TAX

11/10

8

Hedging Risks of Foreign Operations and Currency Transactions WEBCAST, 8:30am-4pm

17WBCNV10B

275

375

Webcast

A&A

11/10

2

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 11am-1pm

17WNCNV10A

79

99

Webinar

TAX

11/11

8

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

17WBCNV11B

275

375

Webcast

A&A

11/11

8

Cost Capitalization A-Z WEBCAST, 8:30am-4pm

17WBCNV11A

275

375

Webcast

TAX

11/11

2

FICA/Self-Employment Tax Exposure: S Corps & Partnerships WEBINAR, 11am-1pm

17WNCNV11A

79

99

Webinar

TAX

11/14

8

AICPA's Accounting for Deferred Income Taxes WEBCAST, 7:30am-3:30pm

17WBBNV14A

249

319

Webcast

A&A

11/14

8

AICPA's Basis/Distributions for Pass-Through Entities: Simplifying the Complexities WEBCAST, 7:30am-3:30pm

17WBBNV14B

249

319

Webcast

TAX

11/14

2

Defective Compensation Systems: When Bonuses and Incentives Go Bad WEBINAR, 8am-10am

17WNCNV14A

79

99

Webinar

A&A

11/14

8

Federal Tax Update: Individuals (Form 1040) WEBCAST, 8:30am-4:30pm

17WBCNV14A

275

375

Webcast

TAX

11/14

8

Federal Taxation of Partnerships and LLCs Part II: Sales and Distributions Bequests, Redemptions and Liquidations WEBCAST, 8:30am-4pm

17WBCNV14B

275

375

Webcast

TAX

11/14

4

Financial Reporting Performance 2015: The FASB Research Project that Impacts ALL Financial Professionals WEBCAST, 8am-12pm

17WBANV14C

129

159

Webcast

A&A

11/14

2

PATH ACT 2015 - Emphasis on Depreciation & Cost Segregation WEBCAST, 10am-12pm

17WBANV14A

79

109

Webcast

TAX

11/15

2

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

17WNCNV15A

79

99

Webinar

TAX

11/15

2

Excel Reporting Series - Charts for Non-Financial Audience WEBINAR, 3pm-5pm

17WNCNV15D

79

99

Webinar

TEC

11/15

8

Federal Tax Update: C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065) WEBCAST, 8:30am-4:30pm

17WBCNV15A

275

375

Webcast

TAX

11/15

2

Individual Tax Update and Recent Developments WEBINAR, 10am-12pm

17WNCNV15B

79

99

Webinar

TAX

11/15

2

Small GAAP: AICPA Private Company Financial Reporting Standards WEBINAR, 1pm-3pm

17WNCNV15C

79

99

Webinar

A&A

11/16

8

2016 Tax Planning for Real Estate WEBCAST, 7am-3pm

17WBANV17A

195

245

Webcast

TAX

11/16

8

Affordable Care Act: Tax Favored Health Care Plans After ACA WEBCAST, 8:30am-4pm

17WBCNV16A

275

375

Webcast

TAX

11/16

2

Estate Planning Strategies WEBINAR, 3pm-5pm

17WNCNV17A

79

99

Webinar

TAX

11/17

2

AICPA's 10 Steps to a Digital Office in the Cloud WEBCAST, 9am-11am

17WBBNV17A

99

129

Webcast

TEC

11/17

8

Excel Financial Reporting and Analysis WEBCAST, 8:30am-4pm

17WBCNV17B

275

375

Webcast

TEC

11/17

4

Financial Reporting Performance 2015: The FASB Research Project that Impacts ALL Financial Professionals WEBCAST, 2pm-6pm

17WBANV17B

129

159

Webcast

A&A

11/17

2

Foreign Account Reporting Requirements: Forms 8938 and 3520 WEBINAR, 10am-12pm

17WNCNV17B

79

99

Webinar

TAX

11/17

8

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

17WBCNV17A

275

375

Webcast

GNP

11/17

2

Partnership Investments - How to Calculate the Owner's Basis WEBINAR, 8am-10am

17WNCNV17D

79

99

Webinar

TAX

11/17

2

What You Need to Know About the New AICPA PFP Standards WEBINAR, 12pm-2pm

17WNCNV17C

79

99

Webinar

CS

11/17

2

Winning at the Bank - Making the Best of Your First Impression WEBCAST, 9am-11am

17WBANV17C

79

109

Webcast

SK

11/18

8

11/18

8

Y

Y

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

17WBCNV18A

275

375

Webcast

GNP

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

17WBCNV18B

275

375

Webcast

MG

 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 Fall 2016

37


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

# 11/18

Course

Code

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

17WBCNV18C

Type

8

WSCPA NonAICPA Member Member Member Discount Fee Fee

275

375

Location

Subject

Webcast

A&A

11/18

2

Creating Equity Compensation Plans WEBINAR, 9am-11am

17WNCNV18B

79

99

Webinar

MG

11/18

4

Enterprise Risk Management For Small and Medium-Sized Businesses 2015 Update: Risk Plays No Favorites WEBCAST, 7am-11am

17WBANV18A

129

159

Webcast

MG

11/18

2

Internal Control’s New Muscles WEBINAR, 1pm-3pm

17WNCNV18C

79

99

Webinar

A&A

11/18

4

Strategic Planning For Small and Medium-Sized Businesses—What's New in 2015: Moving from Ideas to Action WEBCAST, 11am-3pm

17WBANV18B

129

159

Webcast

MG

11/18

2

Why Do We Need Another Basis of Accounting - FRF for SMEs? WEBINAR, 8:30am-10:30am

17WNCNV18A

79

99

Webinar

A&A

11/21

2

5 Elements of a Finding WEBINAR, 1pm-3pm

17WNCNV21A

79

99

Webinar

GNP

11/21

4

Advanced Fraud Case Study: Part 1 (25% California Content) WEBCAST, 8:30am-12pm

17WBCNV21A

140

188

Webcast

A&A

11/21

4

Advanced Fraud Case Study: Part 2 (25% California Content) WEBCAST, 1pm-4:30pm

17WBCNV21B

140

188

Webcast

A&A

11/21

8

AICPA's Annual Tax Update: Individuals and Sole Proprietors WEBCAST, 7:30am-3:30pm

17WBBNV21A

249

319

Webcast

TAX

11/21

8

AICPA's Construction Contractors: Accounting, Auditing, and Tax WEBCAST, 7:30am-3:30pm

17WBBNV21B

249

319

Webcast

SK

11/21

8

11/21

4

11/22

8

Y

E

Federal Tax Update for Individuals WEBCAST, 8:30am-4pm

17WBCNV21C

275

375

Webcast

TAX

Washington CPA Ethics and New Developments 2016 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm

17WBANV21A

164

194

Webcast

Ethics

AICPA's Annual Tax Update: Individuals and Sole Proprietors WEBCAST, 9am-5pm

17WBBNV22A

249

319

Webcast

TAX

11/22

8

Federal Tax Update for Businesses and Estates WEBCAST, 8:30am-4pm

17WBCNV22A

275

375

Webcast

TAX

11/22

2

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

17WNCNV22A

79

99

Webinar

A&A

11/22

2

Passive Activities: Helping Clients Survive the IRS’s Challenges WEBINAR, 11am-1pm

17WNCNV22B

79

99

Webinar

TAX

11/22

4

Washington B&O Tax and New Developments 2016 by Mark Hugh WEBCAST, 8am-12pm

17WBANV22A

129

159

Webcast

TAX

11/22

4

Washington Sales Tax and New Developments 2016 by Mark Hugh WEBCAST, 12pm-4pm

17WBANV22B

129

159

Webcast

TAX

11/28

8

AICPA's Annual Tax Update: Corporations and Pass-Through Entities WEBCAST, 7:30am-3:30pm

17WBBNV28A

249

319

Webcast

TAX

11/28

8

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

17WBBNV28B

249

319

Webcast

GNP

11/28

2

Alternative Minimum Tax: How it Can Impact Your Clients WEBINAR, 1pm-3pm

17WNCNV28D

79

99

Webinar

TAX

11/28

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 7am-9am

17WNCNV28A

79

99

Webinar

TAX

11/28

8

Real Estate Taxation (25% California Content) WEBCAST, 8:30am-4pm

17WBCNV28A

275

375

Webcast

TAX

11/28

2

11/28

2

Y

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 10am-12pm

17WNCNV28B

79

99

Webinar

TAX

Yellow Book: Heartburn Inducing Requirements WEBINAR, 11am-1pm

17WNCNV28C

79

99

Webinar

GNP

11/29

8

2016 Tax Planning for Real Estate WEBCAST, 7am-3pm

17WBANV29A

195

245

Webcast

TAX

11/29

8

Business Succession Planning and Exit Strategies WEBCAST, 8:30am-4pm

17WBCNV29B

275

375

Webcast

MG

11/29

8

Financial Statement Disclosures for the Tax Practitioner WEBCAST, 8:30am-4pm

17WBCNV29A

275

375

Webcast

A&A

11/29

2

Passive Activity Rules and the Net Investment Income Tax WEBINAR, 12pm-2pm

17WNCNV29A

79

99

Webinar

TAX

11/29

2

Performance Auditing Essentials WEBINAR, 3pm-5pm

17WNCNV29B

79

99

Webinar

A&A

11/29

8

Special Topics in Partnership and LLC Taxation WEBCAST, 8:30am-4:30pm

17WBCNV29C

275

375

Webcast

TAX

11/30

2

S Corporations: How to Calculate the Owner's Basis WEBINAR, 12pm-2pm

17WNCNV30B

79

99

Webinar

TAX

11/30

2

The Complex Area of Partnership Allocations - Properly Dividing Up the Items on the Form 1065 WEBINAR, 10am-12pm

17WNCNV30A

79

99

Webinar

TAX

12/1

4

Accounting's Perfect Storm 2015 Update: Issues Changing Financial Reporting Now! WEBCAST, 10am-2pm

17WBADE01A

129

159

Webcast

A&A

12/1

4

AICPA's Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know WEBCAST, 10am-2pm

17WBBDE01A

159

199

Webcast

A&A

12/1

2

Asset Protection Strategies WEBINAR, 9:30am-11:30am

17WNCDE01B

79

99

Webinar

TAX

12/1

2

Dealing with the Net Investment Income Tax and Additional Medicare Tax WEBINAR, 1pm-3pm

17WNCDE01C

79

99

Webinar

TAX

 Non-tech credits |

38

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

WashingtonCPA Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

12/1

8

Not-For-Profit Organizations: Treasury Utilizing QuickBooks WEBCAST, 8:30am-4:30pm

17WBCDE01A

275

375

Webcast

A&A

12/1

2

Procure-to-Pay Fraud: Detection and Prevention Best Practice WEBINAR, 7am-9am

17WNCDE01A

79

99

Webinar

A&A

12/1

8

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

17WBCDE01B

275

375

Webcast

TAX

12/2

4

Enterprise Risk Management For Small and Medium-Sized Businesses 2015 Update: Risk Plays No Favorites WEBCAST, 11am-3pm

17WBADE02A

129

159

Webcast

MG

12/2

8

Financial Reporting:Your Guide to Reading Financial Reports WEBCAST, 8:30am-4:30pm

17WBCDE02B

275

375

Webcast

A&A

12/2

2

Partnerships and LLCs vs. S Corporations - How Many Tax Differences Remain? WEBINAR, 7am-9am

17WNCDE02A

79

99

Webinar

TAX

12/2

8

Tax Planning and Compliance for Multinational Families WEBCAST, 8:30am4:30pm

17WBCDE02A

275

375

Webcast

TAX

12/2

2

What’s New in A & A? WEBINAR, 12pm-2pm

17WNCDE02B

79

99

Webinar

A&A

12/5

8

AICPA's Best Practices for Payroll Taxes and 1099 Issues WEBCAST, 7:30am3:30pm

17WBBDE05A

249

319

Webcast

TAX

12/5

8

AICPA's Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors WEBCAST, 7:30am-3:30pm

17WBBDE05B

249

319

Webcast

A&A

12/5

2

Alternative Minimum Tax: How it Can Impact Your Clients WEBINAR, 10am-12pm

17WNCDE05B

79

99

Webinar

TAX

12/5-6

16

Auditing Standards: A Comprehensive Review WEBCAST, 8:30am-4:30pm

17WBCDE05A

550

750

Webcast

A&A

12/5

2

COD Income Issues WEBINAR, 12pm-2pm

17WNCDE05C

79

99

Webinar

TAX

12/5

2

Individual Tax Update and Recent Developments WEBINAR, 7am-9am

17WNCDE05A

79

99

Webinar

TAX

12/6

4

AICPA's Affordable Care Act: Tax and Insurance Ramifications WEBCAST, 10am-2pm

17WBBDE06A

159

199

Webcast

TAX

12/6

2

Foreign Account Reporting Requirements: Forms 8938 and 3520 WEBINAR, 11am-1pm

17WNCDE06C

79

99

Webinar

TAX

12/6

3

Navigating The Choppy Seas of The Streamlined Procedures WEBCAST, 3pm-6pm

17WBADE06A

99

129

Webcast

TAX

12/6

2

Nuts & Bolts: Detecting & Deterring Fraud in Small Business WEBINAR, 8am10am

17WNCDE06A

79

99

Webinar

A&A

12/6

8

Preparing Form 706: The Federal Estate Tax Return WEBCAST, 8:30am-4:30pm

17WBCDE06A

275

375

Webcast

TAX

12/6

2

Supplier Audits to Protect Your Bottom Line WEBINAR, 10am-12pm

17WNCDE06B

79

99

Webinar

A&A

12/7

8

2016 Annual Tax Update WEBCAST, 7am-3pm

17WBADE07A

195

245

Webcast

TAX

12/7

2

Beyond Traditional Budgeting: Change Your Approach to Planning and Control WEBINAR, 9am-11am

17WNCDE07B

79

99

Webinar

A&A

12/7

8

HUD Audits of Multifamily Housing Projects: Audit Requirements Under the HUD Audit Guide and for Single Audits WEBCAST, 8:30am-4pm

17WBCDE07A

275

375

Webcast

GNP

12/7

8

Statement of Cash Flows: Preparation and Analysis Workshop WEBCAST, 8:30am-4:30pm

17WBCDE07B

275

375

Webcast

A&A

12/7

2

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

17WNCDE07A

79

99

Webinar

A&A

Y

12/7

2

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 12pm-2pm

17WNCDE07C

79

99

Webinar

TAX

12/8

4

AICPA's Applying the Risk Assessment Standards to Enhance Audit WEBCAST, 10am-2pm

17WBBDE08A

159

199

Webcast

A&A

12/8

8

Budgeting and Forecasting Tools and Techniques WEBCAST, 8:30am-4pm

17WBCDE08A

275

375

Webcast

A&A

12/8

8

FASB and AICPA Update: Practical Guidance WEBCAST, 8:30am-4:30pm

17WBCDE08B

275

375

Webcast

A&A

12/8

3

Navigating The Choppy Seas of The Streamlined Procedures WEBCAST, 9am-12pm

17WBADE08A

99

129

Webcast

TAX

12/8

2

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

17WNCDE08A

79

99

Webinar

GNP

12/8

2

Y

What Advisors Need to Know Regarding Social Security Changes due to the Bi-Partisan Budget Bill WEBINAR, 9:30am-11:30am

17WNCDE08B

79

99

Webinar

TAX

12/8

2

What You Need to Know About the New AICPA PFP Standards WEBINAR, 2pm-4pm

17WNCDE08C

79

99

Webinar

CS

12/9

2

Communicating Financial Information to Non-Accountants WEBINAR, 9am-11am

17WNCDE09A

79

99

Webinar

MG

12/9

8

Entity Choice - Tax Considerations WEBCAST, 8:30am-4pm

17WBCDE09B

275

375

Webcast

TAX

12/9

2

Systemic Risk – Six Mega-Trends Facing Organizations Today WEBCAST, 9am-11am

17WBADE09A

79

109

Webcast

A&A

12/9

8

Tax Practitioner's Guide to Accounting and Reporting Issues WEBCAST, 8:30am-4:30pm

17WBCDE09A

275

375

Webcast

A&A

 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 Fall 2016

39


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

12/9

2

US State Taxation Internet Resources for Accountants WEBINAR, 10am-12pm

17WNCDE09B

79

99

Webinar

TEC

12/10

2

Passive Activity Rules and the Net Investment Income Tax WEBINAR, 8:30am-10:30am

17WNCDE10A

79

99

Webinar

TAX

12/12

8

AICPA's Form 990: Mastering Its Unique Characteristics WEBCAST, 7:30am-3:30pm

17WBBDE12A

249

319

Webcast

TAX

12/12

8

AICPA's Internal Controls and Risk Assessment: Key Factors in a Successful Audit WEBCAST, 7:30am-3:30pm

17WBBDE12B

249

319

Webcast

A&A

12/12

8

Deal Structure for Mergers and Acquisitions WEBCAST, 8:30am-4pm

17WBCDE12B

275

375

Webcast

TAX

12/12

2

Defective Compensation Systems: When Bonuses and Incentives Go Bad WEBINAR, 10am-12pm

17WNCDE12A

79

99

Webinar

A&A

12/12

2

Financial Infidelity and Divorce Strategies WEBINAR, 12pm-2pm

17WNCDE12B

79

99

Webinar

SK

12/12

8

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

17WBCDE12A

275

375

Webcast

TAX

12/12

2

Trust Income Issues —Uniform Principal and Income Act and Distributable Net Income WEBINAR, 3pm-5pm

17WNCDE12C

79

99

Webinar

TAX

12/13

2

Excel Formula Expert Series - Proofing & Auditing WEBINAR, 11am-1pm

17WNCDE13B

79

99

Webinar

TEC

12/13

1

Medicare and Its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11:00am - 12:00pm

17WBADE13C

9.75

60

Webcast

CS

12/13

8

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

17WBCDE13A

275

375

Webcast

TAX

12/13

2

Partnerships and LLCs vs. S Corporations - How Many Tax Differences Remain? WEBINAR, 3pm-5pm

17WNCDE13D

79

99

Webinar

TAX

12/13

2

Performance Auditing Essentials WEBINAR, 10am-12pm

17WNCDE13A

79

99

Webinar

A&A

12/13

8

S Corporation Preparation, Basis Calculations and Distributions: Schedule K and K1 (Form 1120S) Analysis WEBCAST, 8:30am-4:30pm

17WBCDE13B

275

375

Webcast

TAX

12/13

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

17WBADE13A

9.75

60

Webcast

PFP

12/13

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

17WBADE13B

9.75

60

Webcast

PFP

12/13

2

Trusts – Accounting and Taxation WEBINAR, 1pm-3pm

17WNCDE13C

79

99

Webinar

TAX

12/14

8

2016 Partnership Update WEBCAST, 7am-3pm

17WBADE14A

195

245

Webcast

TAX

12/14

4

AICPA's GASB Statement No. 68 Audit and Accounting Workshop WEBCAST, 10am-2pm

17WBBDE14A

159

199

Webcast

GNP

Y

12/14

8

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

17WBCDE14B

275

375

Webcast

A&A

12/14

2

Creating Equity Compensation Plans WEBINAR, 9am-11am

17WNCDE14A

79

99

Webinar

MG

12/14

2

IRS Representation: Key Strategies to Represent Your Clients WEBINAR, 3pm-5pm

17WNCDE14C

79

99

Webinar

TAX

12/14

2

Partnership Investments - How to Calculate the Owner's Basis WEBINAR, 1pm-3pm

17WNCDE14B

79

99

Webinar

TAX

12/14

8

Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K & K1 Analysis WEBCAST, 8:30am-4pm

17WBCDE14A

275

375

Webcast

TAX

12/15

8

2016 Not-for-Profit Accounting, Auditing & Tax Update WEBCAST, 7am-3pm

17WBADE15A

195

245

Webcast

GNP

12/15

4

AICPA's Accounting and Auditing Update WEBCAST, 10am-2pm

17WBBDE15A

159

199

Webcast

A&A

12/15

8

Asset Protection Planning WEBCAST, 8:30am-4:30pm

17WBCDE15B

275

375

Webcast

TAX

12/15

2

Business Tax Update and Recent Developments WEBINAR, 8:30am-10:30am

17WNCDE15B

79

99

Webinar

TAX

12/15

8

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

17WBCDE15A

275

375

Webcast

A&A

12/15

2

Final Repair Regulations: Current Developments and Update WEBINAR, 11am-1pm

17WNCDE15C

79

99

Webinar

TAX

12/15

2

The GAO’s Green Book: Internal Controls WEBINAR, 8am-10am

17WNCDE15A

79

99

Webinar

A&A

12/15

2

Winning at the Bank - Making the Best of Your First Impression WEBCAST, 9am-11am

17WBADE15B

79

109

Webcast

SK

12/16

8

Advanced Tax Planning Techniques WEBCAST, 8:30am-4:30pm

17WBCDE16D

275

375

Webcast

TAX

12/16

8

Corporate Income Tax Return Fundamentals WEBCAST, 8:30am-4:30pm

17WBCDE16A

275

375

Webcast

TAX

12/16

2

Keys to Balanced Scorecard: Keeping your Business On-Track! WEBINAR, 9am-11am

17WNCDE17B

79

99

Webinar

A&A

12/16

8

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

17WBCDE16C

275

375

Webcast

A&A

12/16

8

S Corporations: Tax Planning Ideas and Strategies WEBCAST, 8:30am-4:30pm

17WBCDE16B

275

375

Webcast

TAX

12/16

2

US City Taxation Internet Resources for Accountants WEBINAR, 7am-9am

17WNCDE17A

79

99

Webinar

TEC

 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 Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

12/17

2

IC-DISC - An Introduction to the Last Remaining U.S. Export Tax Incentive SATRUDAY WEBCAST, 7am-9am

17WBADE17A

79

109

Webcast

TAX

12/17

4

IC-DISC - The Last Remaining U.S. Export Tax Incentive from A to Z SATURDAY WEBCAST, 9am-1pm

17WBADE17B

129

159

Webcast

TAX

12/19

8

12/19

8

Y

2016 Governmental Accounting & Auditing Update WEBCAST, 7am-3pm

17WBADE19A

195

245

Webcast

GNP

Basis Calculations & Distributions for Pass-Through Entity Owners: Schedule K-1 Analysis WEBCAST, 8:30am-4pm

17WBCDE19C

275

375

Webcast

TAX

12/19

8

GAAP Update WEBCAST, 8:30am-4pm

17WBCDE19A

275

375

Webcast

A&A

12/19

2

Net Operating Losses - Dealing with the Complexities WEBINAR, 1pm-3pm

17WNCDE19C

79

99

Webinar

TAX

12/19

8

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

17WBCDE19B

275

375

Webcast

A&A

12/19

2

Travel and Entertainment Expenses: Review and Update WEBINAR, 10am-12pm

17WNCDE19B

79

99

Webinar

TAX

12/19

2

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 8am-10am

17WNCDE19A

79

99

Webinar

TAX

12/20

2

15 Best Practices in Budgeting WEBINAR, 3pm-5pm

17WNCDE20B

79

99

Webinar

MG

12/20

8

2016 Financial Statement Preparation, Compilation, and Review WEBCAST, 7am-3pm

17WBADE20A

195

245

Webcast

A&A

12/20

8

AICPA's Annual Tax Update: Individuals and Sole Proprietors WEBCAST, 9am-5pm

17WBBDE20A

249

319

Webcast

TAX

12/20

8

Deception, Embezzlement and Fraud WEBCAST, 8:30am-4:30pm

17WBCDE20A

275

375

Webcast

A&A

12/20

2

Detecting and Preventing Internal Fraud, Theft and Abuse WEBINAR, 1pm-3pm

17WNCDE20A

79

99

Webinar

A&A

12/20

8

Federal Tax Update for Individuals WEBCAST, 8:30am-4pm

17WBCDE20B

275

375

Webcast

TAX

12/21

8

2016 Business Fraud Update WEBCAST, 7am-3pm

17WBADE21A

195

245

Webcast

A&A

12/21

2

2016 Nonprofit Fraud and Abuse: 5 New Cases WEBINAR, 9am-11am

17WNCDE21A

79

99

Webinar

GNP

12/21

8

Y

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

17WBCDE21A

275

375

Webcast

TAX

12/21

2

Detecting and Preventing Accounts Payable Fraud WEBINAR, 12pm-2pm

17WNCDE21B

79

99

Webinar

A&A

12/21

8

Federal Tax Update for Businesses and Estates WEBCAST, 8:30am-4pm

17WBCDE21B

275

375

Webcast

TAX

12/21

3

Financial Fitness Forever - Five Steps to More Money, Less Risk and More Peace of Mind WEBCAST, 9am-12pm

17WBADE21B

24.75

75

Webcast

PFP

12/22

1

AICPA Conflicts of Interest: A New Approach WEBCAST, 9am-10am

17WBADE22A

39

59

Webcast

SK

12/22

1

AICPA Independence Rules - A New 2016 Approach WEBCAST, 10am-11am

17WBADE22B

39

59

Webcast

SK

12/27

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 7am-9am

17WNCDE27A

79

99

Webinar

TAX

12/27

2

Excel Formula Expert Series - Lookup & Reference WEBINAR, 10am-12pm

17WNCDE27C

79

99

Webinar

TEC

12/27

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 9:30am-11:30am

17WNCDE27B

79

99

Webinar

A&A

12/27

4

Shorten Month End - Apply Lean Thinking to Your Month-End Closing Process WEBCAST, 11am-3pm

17WBADE27A

139

169

Webcast

A&A

12/27

2

The CFO: 5 Critical Skills to Become a Leader WEBINAR, 11am-1pm

17WNCDE27D

79

99

Webinar

MG

12/28

4

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

17WBBDE28A

159

199

Webcast

A&A

12/28

4

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

17WBBDE28B

159

199

Webcast

MG

12/28

2

Passive Activities: Helping Clients Survive the IRS’s Challenges WEBINAR, 8am-10am

17WNCDE28A

79

99

Webinar

TAX

12/28

2

Small Business Health Insurance Reimbursement & Penalty WEBINAR, 1pm-3pm

17WNCDE28B

79

99

Webinar

TAX

12/29

8

2016 Annual Tax Update WEBCAST, 7am-3pm

17WBADE29A

195

245

Webcast

TAX

12/29

4

12/29

2

Y

AICPA's Yellow Book Financial Audits WEBCAST, 10am-2pm

17WBBDE29A

159

199

Webcast

GNP

Business Tax Update and Recent Developments WEBINAR, 8am-10am

17WNCDE29A

79

99

Webinar

TAX

12/29

2

Guide to Reporting Travel & Entertainment Expenses WEBCAST, 1pm-3pm

17WBADE29B

79

109

Webcast

TAX

12/29

2

Real Estate Tax Update: Key Changes for Investors and Owners WEBINAR, 11am-1pm

17WNCDE29C

79

99

Webinar

TAX

12/29

2

Understand Inventory Accounting: GAAP, Software and Variance Recognition Basics WEBCAST, 7am-9am

17WBADE29C

79

109

Webcast

A&A

12/29

2

Y

Yellow Book: Heartburn Inducing Requirements WEBINAR, 10am-12pm

17WNCDE29B

79

99

Webinar

GNP

12/30

2

Y

5 Elements of a Finding WEBINAR, 1pm-3pm

17WNCDE30C

79

99

Webinar

GNP

12/30

2

Excel Basic Series - Design & Efficiency WEBINAR, 10am-12pm

17WNCDE30A

79

99

Webinar

TEC

12/30

2

Excel Reporting Series - Best Practices Before Final Save WEBINAR, 12pm-2pm

17WNCDE30B

79

99

Webinar

TEC

12/30

4

Washington B&O Tax and New Developments 2016 by Mark Hugh WEBCAST, 8am-12pm

17WBADE30B

129

159

Webcast

TAX

 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 Fall 2016

41


Register at www.wscpa.org/cpe/catalog or page 44

EDUCATION AND EVENTS Date

CPE Credits

# 12/30

4

12/30

4

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Washington CPA Ethics and New Developments 2016 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm

17WBADE30A

164

194

Webcast

Ethics

Washington Sales Tax and New Developments 2016 by Mark Hugh WEBCAST, 12pm-4pm

17WBADE30C

129

159

Webcast

TAX

Type

E

1/3

4

AICPA's Taxation of Property Transactions WEBCAST, 10am-2pm

17WBBJA03A

159

199

Webcast

TAX

1/4

8

2016 Financial Statement Preparation, Compilation, and Review WEBCAST, 7am-3pm

17WBAJA04A

195

245

Webcast

A&A

1/4

4

AICPA's Tax Research 1 WEBCAST, 10am-2pm

17WBBJA04A

159

199

Webcast

TAX

1/4

8

Choice of Entity: Cutting-Edge Tax Strategies in Choice of Entity Decisions WEBCAST, 8:30am-4:30pm

17WBCJA04A

275

375

Webcast

TAX

1/4

4

Financial Statement Consolidation WEBCAST, 12:30pm-4pm

17WBCJA04D

140

188

Webcast

A&A

1/4

4

Improving Audit Quality WEBCAST, 8:30am-12pm

17WBCJA04C

140

188

Webcast

A&A

1/4

8

Tax Research Skills WEBCAST, 8:30am-4pm

17WBCJA04B

275

375

Webcast

TAX

1/4

2

Trust Income Issues —Uniform Principal and Income Act and Distributable Net Income WEBINAR, 10am-12pm

17WNCJA04A

79

99

Webinar

TAX

1/5

8

2016 Annual Tax Update WEBCAST, 7am-3pm

17WBAJA05A

195

245

Webcast

TAX

1/5

2

AICPA's Tax Research 2 WEBCAST, 10am-12:30pm

17WBBJA05A

119

149

Webcast

TAX

1/5-6

16

Financial Accounting Standards: A Comprehensive Review WEBCAST, 8:30am-4pm

17WBCJA05A

550

750

Webcast

A&A

1/5

2

IRS Representation: Key Strategies to Represent Your Clients WEBINAR, 9am-11am

17WNCJA05A

79

99

Webinar

TAX

1/6

8

Effective Tax Return and Cash Flow Analysis WEBCAST, 8:30am-4pm

17WBCJA06B

275

375

Webcast

MG

1/6

2

Excel Formula Expert Series - Debug & Troubleshoot WEBINAR, 8am-10am

17WNCJA06A

79

99

Webinar

TEC

1/6

8

Private Company Accounting: New Challenges, New Directions WEBCAST, 8:30am-4pm

17WBCJA06A

275

375

Webcast

A&A

1/9

8

AICPA's Annual Tax Update: Individuals and Sole Proprietors WEBCAST, 7:30am-3:30pm

17WBBJA09A

249

319

Webcast

TAX

 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 Fall 2016

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

1/9

8

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

17WBCJA09A

275

375

Webcast

TAX

1/10

1

Medicare and Its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11:00am - 12:00pm

17WBAJA10C

9.75

60

Webcast

PFP

1/10

8

Real Estate Taxation: Cutting-Edge Tax Strategies in the Taxation of Real Estate (25% California Content) WEBCAST, 8:30am-4pm

17WBCJA10A

275

375

Webcast

TAX

1/10

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

17WBAJA10A

9.75

60

Webcast

PFP

1/10

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

17WBAJA10B

9.75

60

Webcast

PFP

1/11

8

2016 Small Business Entity Tax Forms Workshop WEBCAST, 7am-3pm

17WBAJA11A

195

245

Webcast

TAX

1/11

4

AICPA's Affordable Care Act: Tax and Insurance Ramifications WEBCAST, 10am-2pm

17WBBJA11A

159

199

Webcast

TAX

1/11

4

AICPA's Estate & Tax Primer WEBCAST, 10am-2pm

17WBBJA11B

159

199

Webcast

TAX

1/11

8

Best Practices for Tax Income and Expense Recognition WEBCAST, 8:30am-4pm

17WBCJA11A

275

375

Webcast

TAX

1/11

8

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

17WBCJA11B

275

375

Webcast

TAX

1/11

2

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

17WNCJA11A

79

99

Webinar

TAX

1/12

8

2016 LLCs & Partnerships Update WEBCAST, 7am-3pm

17WBAJA12A

195

245

Webcast

TAX

1/12

2

AICPA's Tax Practice Quarterly: Gearing Up for Tax Season WEBCAST, 10am-12pm

17WBBJA12A

99

129

Webcast

TAX

1/12

2

Business Tax Update and Recent Developments WEBINAR, 11am-1pm

17WNCJA12B

79

99

Webinar

TAX

1/12

2

Individual Tax Update and Recent Developments WEBINAR, 8am-10am

17WNCJA12A

79

99

Webinar

TAX

1/16

8

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

17WBCJA16B

275

375

Webcast

A&A

1/16

2

Excel Data Analysis Series - Data Gathering WEBINAR, 10am-12pm

17WNCJA16A

79

99

Webinar

TEC

1/16

8

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

17WBCJA16A

275

375

Webcast

TAX

1/17

8

2016 Not-for-Profit Accounting, Auditing & Tax Update WEBCAST, 7am-3pm

17WBAJA17A

195

245

Webcast

GNP

1/17

8

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

17WBCJA17A

275

375

Webcast

MG

1/17

2

COD Income Issues WEBINAR, 9am-11am

17WNCJA17A

79

99

Webinar

TAX

1/17

8

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

17WBCJA17B

275

375

Webcast

A&A TAX

1/18

2

AICPA's Tax Accounting for Inventories WEBCAST, 10am-12pm

17WBBJA18A

99

129

Webcast

1/18

8

Dealing with IRS Appeals WEBCAST, 8:30am-4:30pm

17WBCJA18D

275

375

Webcast

TAX

1/18

8

FASB and AICPA Update: Practical Guidance WEBCAST, 8:30am-4:30pm

17WBCJA18B

275

375

Webcast

A&A

1/18

2

FICA/Self-Employment Tax Exposure: S Corps & Partnerships WEBINAR, 9am-11am

17WNCJA18A

79

99

Webinar

TAX

1/18

4

Fraud - Practical Approaches to Prevention & Detection WEBCAST, 12:30pm-4pm

17WBCJA18A

140

188

Webcast

A&A

1/18

8

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

17WBCJA18C

275

375

Webcast

TAX

1/18

2

Passive Activity Rules and the Net Investment Income Tax WEBINAR, 10am-12pm

17WNCJA18B

79

99

Webinar

TAX

1/19

4

PCC Activities, Including Framework, ASU Updates, Simplification Initiative WEBCAST, 8:30am-12pm

17WBCJA19A

140

188

Webcast

A&A

1/19

2

Year End Tax Planning for 2016 - What's New? WEBINAR, 10am-12pm

17WNCJA19A

79

99

Webinar

TAX

1/20

8

2016 Tax Planning for Real Estate WEBCAST, 7am-3pm

17WBAJA20A

195

245

Webcast

TAX

1/20

2

Big Data and Data Analytics - What They're All About WEBINAR, 10am-12pm

17WNCJA20B

79

99

Webinar

SK

1/20

8

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

17WBCJA20A

275

375

Webcast

TAX

1/20

8

U.S. GAAP Disclosures for Non-Public Entities, 8:30am-4:30pm

17WBCJA20B

275

375

Webcast

A&A

1/23

6

AICPA's Multistate Taxation WEBCAST, 7:30am-1:30pm

17WBBJA23A

199

249

Webcast

TAX

1/23

2

Foreign Account Reporting Requirements: Forms 8938 and 3520 WEBINAR, 9am-11am

17WNCJA23A

79

99

Webinar

TAX

1/23

8

S Corporation Preparation, Basis Calculations and Distributions: Schedule K and K1 (Form 1120S) Analysis WEBCAST, 8:30am-4:30pm

17WBCJA23A

275

375

Webcast

TAX

1/23

8

S Corporations: The Fundamentals and More WEBCAST, 8:30am-4:30pm

17WBCJA23B

275

375

Webcast

TAX

1/24

8

2016 Accounting and Auditing Update WEBCAST, 7am-3pm

17WBAJA24A

195

245

Webcast

A&A

1/24

8

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

17WBCJA24C

275

375

Webcast

TAX

1/24

2

Captive Insurance: An Effective Financial and Risk Management WEBINAR, 9am-11am

17WNCJA24A

79

99

Webinar

TAX

 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 Fall 2016

43


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.

44

WashingtonCPA Fall 2016

www.wscpa.org


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,December 1 for the winter 2017 issue. Post a job listing at www.wscpa.org (click Job Board). For rental or vacation property use the miscellaneous category. Contact Janet White at (425) 586-1126, or memberservices@wscpa.org for more information. All ads must be pre-paid. MERGERS & SALES Growing EastsideTax &Accounting Practice. Private Practice Transitions is assisting a client, located on the Eastside of King County, with the sale of a busy tax and accounting firm.This owner has been in practice for more than 25 years and desires to sell the business as a turn-key operation. The firm files more than 220 tax returns each year for both business and individual clients. While tax return preparation accounts for about 70% of the firm’s business, 30% comes from consulting, such as QuickBooks training, accounting and write-up services, and other business tax and accounting services.The firm is located in a very desirable, and growing, Eastside location, employs four staff, is truly turn-key, and is positioned for substantial growth! If you are interested in exploring this opportunity or to learn more,email“Busy EastsideTax &Accounting

Practice” to info@privatepracticetransitions.com or call Justin D. Farmer @ 425.785.2453. For Sale - Snohomish County and Seattle Metro CPA Firm. Business and personal tax. Established for nearly three decades.Employs 5Very high Client retention. Sale is a planned retirement transition. www.Transition360.com has assisted in the sale of local CPA firms and their trusted clients for over 30 years. References available. Contact Information: Tod Fiscus, todfiscus@transition360. com; (206)226-4311. 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. OFFICE SPACE Downtown Seattle Office Space Window office with Western Puget Sound View ($1,300), interior

office space ($400.) 17th Floor of Puget Sound Plaza. Cross referrals and tax software sharing possibilities with group of tax/business attorneys and CPA. Reception and conference room included. Contact Joanne Ort, joanne@ortcpa.com, or 206-696-7516 South Hill Spokane 6 window offices with open reception area. Rent One or All. Most come with matching furniture and a wooden front counter. Cross referrals will be available June 1st to the right Person/Group of accountants, or other professionals. Kitchen & Conference Room are included. Good Rental Rates and Fair Terms are offered. Contact Anson Avery, CPA, anson@aaverycpa.com, (509)315-8510 Downtown Seattle Office Space 250 sq ft office w/windows, furnished, share resources, kitchen and office equip. Shared space with CPA. Prefer CPA, accountant,bookkeeper,financial planner or attorney. $925. Contact Dawn Smith, Dawn@dawnmsmithcpa.com, or call 206-491-5730 CPA Office close to Bellevue CBD has one furnished office available for sub-lease to fellow CPA or other professional. It includes “meet and greet” reception, shared amenities, free use of conference room,some storage,wi-fi and free parking.Additional services are available, including phone answering, administrative support, copier/scanner. Contact: Amanda Chang, aychang2011@hotmail.com

STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685) 1. Publication Title:The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 30 September 2016 4. Issue Frequency: Quarterly 5. No. of Issues Published Annually: 4 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bellevue, Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher:Washington Society of Certified Public Accountants, Editor: Jeanette Kebede, Managing Editor: n/a, Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name:The Washington CPA 14. Issue Date for Circulation Data Below: Summer 2016 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preceding 12 Months,Actual No. Copies of Single Issue Published Nearest to Filing Date). a.Total No. Copies (Net press run): 7756; 7175 b. Paid Circulation (By Mail and Outside the Mail): (1) Mailed Outside-County Paid Subscriptions Stated on PS Form 3541: 3846; 3568. (2) Mailed In-County Subscriptions Stated on PS Form 3541: 3586; 3230. (3) Paid Distribution Outside the Mail Including Sales through Dealers and Carriers, Street Vendors, Counter Sales, and Other Paid Distribution Outside USPS: n/a, n/a. (4) Paid Distribution by Other Classes of Mail Through the USPS (e.g., First-Class Mail®): n/a, n/a c.Total Paid Distribution [Sum of 15b (1), (2), (3) and (4)]: 7432; 6798 d. Free or Nominal Rate Distribution (By Mail and Outside the Mail): (1) Free on Nominal Rate Outside-County Copies included on PS Form 3541: 64; 42 (2) Free on Nominal Rate In-County Copies included on PS Form 3541: 27; 18 (3) Free or Nominal Rate Copies Mailed at Other Classes Mailed Through the USPS: 0, 0 (4) Free or Nominal Rate Distribution Outside the Mail: 32; 24 e.Total Free or Nominal Rate Distribution (Sum of 15c and 15e): 123; 84 f.Total Distribution (Sum of 15f and g): 7555; 6882 g. Copies not Distributed: 201; 293 h.Total (Sum of 15f and g): 7756; 7175 i. Percent Paid: 98%, 99% 16. Electronic Copy Circulation (Avg. No. Copies Each Issue During Preceding 12 Months,Actual No. Copies of Single Issue Published Nearest to Filing Date): a. Paid Electronic Copies: 0, 0 b.Total Paid Print Copies (Line 15c) + Paid Electronic Copies (Line 16a): 7432; 6798 c.Total Print Distribution (Line 15f) + Paid Electronic Copies (Line 16a): 7555; 6882 d. Percent Paid (Both Print & Electronic Copies) (16b divided by 16c x 100): 98%, 99%. I certify that 50% of all my distributed copies (electronic and print) are paid above a nominal price. 17. Publication of Statement of Ownership. If the publication is a general publication, publication of this statement is required.Will be printed in the Fall 2016 issue of this publication. 18. Signature and Title of Editor, Publisher, Business Manager, or Owner: Jeanette Kebede. Date 9/30/16

www.wscpa.org

WashingtonCPA Fall 2016

45


CLASSIFIED ADS

SITUATIONS WANTED

Join a Good Team - Spokane Area. We are an established CPA firm that lost associates and a partner to illness and retirement. We are seeking an accountant, CPA preferred but not required, to share office space and possibly merge with our firm. If you want to upgrade your practice and your location, this can be considered. Contact Anson Avery, anson@aaverycpa.com (509)315-8510. 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 other organizations that need your help, under Volunteer opportunities for CPAs, at www.wscpa.org/more/marketing-to-cpas. artEast Business Impace NW Helping Link-Mot Dau Noi Seattle Veterans Employees Association (SVEA)

PRACTICES FOR SALE Contact Mark Hause atAccounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call (877) 345-7722 for more information on the following practices: (WA 1110) North Puget Sound CPA Practice for Sale: This well rounded CPA firm located in the North Puget Sound Areas is for sale. The firm renders professional services in the areas of income tax, write-up, compilations, reviews, auditing and office management. The firm and its predecessors have rendered high quality professional services for over 30 years and enjoys an outstanding reputation in the community. The practice has a variety of clients in a variety of industries including nonprofit entities. The owner seeks to retire but is available to transition the firm to the new owner through tax season. All of this in a firm where the owner works part time. The firm has significant upside in billings and net income in all areas with any new owner capitalizing on the opportunity this practice provides. The Seller, to incentivize interested buyers, will consider financing the purchase of the practice with a substantial down payment provided the buyer has excellent credit and collateral. (WA 1109) Vancouver CPA Practice for Sale: This long term CPA practice is for sale. The firm provides quality tax services to a loyal client base of individuals and business entities. The firm’s service mix is write-up and income tax. The foundation of the firm has always been a proactive approach to client service. The ongoing communication whether a phone call or email prevents the end of year surprises. This practice is a solid addition to an existing form or the startup of a new practice.

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

(WA 1107) Bothell,Mill Creek,Woodinville CPA Practice for Sale: This well-established CPA practice is for sale. The firm is known for personal service and is a recommended preparer to many of the nearby employers. The firm is a tax practice with 75% of revenues coming from the annual preparation of income tax returns. The balance is composed of write-up 22% and consulting 3%.The firm has another significant attribute which is an excellent staff that provides not only quality professional services but support for the owner and clients of the firm. This practice with excellent fees and stable loyal clients is a solid opportunity for a variety of buyers. (WA 1106) Vancouver CPA Practice for Sale: This practice that renders a variety of professional services is for sale. The variety of services comes by way of performing nonprofit audits, pension plan audits, compilations, income tax, and write-up. The firm leverages technology to keep staffing levels down and productivity up while maintaining the highest level of quality. All of this is combined with a commitment to service that insures every phone call results in a prompt response of advice by an appropriate member of the firm. This practice is the perfect fit for all types of buyer who seek a varied and challenging practice. (WA 1105) North Olympic Peninsula CPA Practice for Sale: This CPA practice consists of clients that return year after year.The firm is centered around the revenue streams of income tax 62% and write-up 37% with a small amount of reviewed financial statements. The owner(s) have a long term staff that assists in the rendering of these professional services. The practice has an excellent cash flow, easily above the norm, reflecting an excellent realization rate

www.wscpa.org/cpexpress

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WashingtonCPA Fall 2016

on the fees earned. All of these factors demonstrate the opportunity this firm provides to any accountant seeking to be on their own and rewarded for their efforts in a varied client base. (WA 1104) Anacortes, La Conner, Mount Vernon Area CPA Practice for Sale: This CPA practice has experienced explosive growth with revenues increasing by approx. 42% per year for the last two years. The firm has a variety of services but the focus is on tax with these services equaling 54% of fees collected over the last 12-month period ending April 2016. The balance of the revenue is found in consulting, write up, and compilations. This dynamic practice with excellent revenue increases is primed for a new owner and continued prosperity. (WA 1103) Renton CPA Practice for Sale: This CPA practice with many loyal clients is for sale. The firm can be described as tax practice with 78% of revenues coming from tax services. The balance is comprised of write up and to a lesser degree consulting. The firm has benefited from positive social medial reviews to continue a solid growth path with all types of clients. The office facility is owned by the Seller making the client transition a simple process toward continued success. The buyer of this practice, that fits a number of buyers, is a significant opportunity coupled with a net cash flow that is above the norm. (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 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 1092) Kittitas County EATax 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.

www.wscpa.org


MEMBER PROFILE

Adama Kandeh I 2016-2017 Washington CPA Foundation Scholarship Winner

Pursuing the American Dream: One of the Lucky Ones By Jocelyn Nystrom

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dama Kandeh has a unique story explaining his intense desire to become a CPA. It’s a passion combined with a tenacious spirit that drives him to double major in accounting and finance at the University of Washington (UW). Adama applied for a $5,000 scholarship through the Washington CPA Foundation for the 2016-2017 academic year while in his junior year at UW Bothell. He surpassed 111 competitors to earn one of the 46 annual scholarships awarded by the Foundation. Scholarship winners exhibited high academic performance, active community involvement, a desire for becoming a CPA, and came highlyrecommended by faculty or employers. “The Washington CPA Foundation scholarship brings me one step closer to realizing my American dream," explains Adama. Adama, who immigrated to the US, was born and raised in The Gambia, along with seven siblings, on his family’s farm. Instead of attending elementary school, he spent his time working on the farm. None of his family members had stepped foot in a classroom or had considered the possibility of attending school. One day, while visiting his uncle in the city, the uncle decided to enroll him at school which he graciously accepted. At the age of nine Adama began elementary school and ultimately earned a merit scholarship for graduating at the top of his class. He was able to attend high school, thanks to a scholarship ($100 per year) sponsored by a nonprofit. With the scholarship, Adama pursued a two-year post-secondaryxeducationx(equivalent to an associate degree). Only seven percent of applicants were fortunate enough to be selected for this award each year. www.wscpa.org

Being able to complete his high school education, along with his uncles’ mentorship, inspired him to pursue a career as a CPA. After graduating with an advanced high school diploma, Adama worked for The Gambian Government Treasury Department. Soon thereafter, he ventured to work for The Gambia Radio and Television station, where he received funding to pursue his Associate of Accounting Technician certificate. He then attempted to earn the ACCA, the equivalent of a CPA license, but felt pressured to leave the country to seek his dreams and a better future elsewhere. “At that time, elections were looming and the political atmosphere was tense. If you opposed the government in any way, you could possibly lose your job,” Adama disclosed. Fortunately, Adama’s cousin, a successful journalist in the Seattle area, encouraged him to move to Seattle, which he did. Adama began attending Edmonds Community College in 2013 and later transferred to the University of Washington. Adama considers himself fortunate to be able to attend one of the finest

Applications are now being accepted for Washington CPA Foundation scholarships. Application deadline: February 14, 2017 wscpa.org/scholarships

business colleges in the Pacific Northwest and looks forward to graduating in June 2017. After graduation he will prepare for the CPA exam and aspires to work for the government in their financial audit department. “If not for the Washington CPA Foundation scholarship I would not have been able to complete my education. The scholarship is providing me more time to learn and study. I am very grateful to the Foundation and the WSCPA for this scholarship to be able to allow me to pursue my dream of becoming a CPA," Adama explained. “Forward Ever Backward Never” is Adama's daily mantra that keeps him focused, motivated and inspired. “Pursue, persevere and stay strong. Never give up in life. One day, you can get whatever you want just don’t give up,” said Adama. “Forever forward!” Jocelyn Nystrom is WSCPA Advocacy and Foundation Coordinator. You can contact her at jnystrom@wscpa.org. WashingtonCPA Fall 2016

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WashingtonCPA 2016 Fall  

The official publication of the Washington Society of Certified Public Accountants

WashingtonCPA 2016 Fall  

The official publication of the Washington Society of Certified Public Accountants