WashingtonCPA 2017 Spring

washington

CPA Spring 2017

Volume 60, Number 4

A Farewell to Rich

WSCPA CEO Rich Jones Retires after 12 Years

Real Estate Holding Structures for Foreign Investors When CPAs Go Back to School Board of Directors Nominees Announced

www.wscpa.org

2

WashingtonCPA Spring 2017

www.wscpa.org

wa s h i n g t o n

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

Erika C. Amezquita Amanda V. O’Rourke Dawn E. Beck Rhonda S. Powell Justin A. Bourn Michael W. Reeves Robert W. Heller Abby M. Sanders Brett J. Jordan Ronald L. Tilden Mary E. Joyce David E. Trujillo Kristine L. Lambright

CHAPTER BOARD CHAIRS Wendy Kwan Bellevue Area Lydia Ahn Bellingham Area Sarah Ozanne Everett Area Benjamin Anderson Olympia Area Polina Isakov Seattle Area Abby Smith Spokane Area Angela Chase Tacoma Area Sara Bailey Tri-Cities Area Heidi Burres Vancouver Area Alexandria Williams 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 5

Introducing WSCPA’s New President & CEO: Kimberly D. Scott, CAE

6

Saluting CEO Rich Jones

12 Board of Directors Nominees Announced 17 Diversity: A Business Imperative 19 Real Estate Holding Structures for Foreign Investors

23 Do You Really Know who You are Paying?

26 When CPAs Go Back to School 30 Thank you to Washington CPA Foundation and CPAPAC Contributors

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

www.wscpa.org

DEPARTMENTS 5

Leadership Lens

35

CPE Digest

10

News Briefs

39

Conferences

17

Advocacy

45

Registration

22

Chapters

46

Classified Ads

WashingtonCPA Spring 2017

3

_ _ _ _ __ __ _ _ _ _ _ __ __ _ _ _ _ _ __ __ _ _ _ _ _ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ _ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Washington State Tax Conference

May 22, 2017 Washington State Convention Center, Seattle | Webcast

• • •

•

•

•

SPONSOR

www.wscpa.org

WashingtonCPA Spring 2017

4

CONFERENCExSESSIONS

•

Stay informed on all the biggest changes in B&O, sales tax, and more Demystify tax nexus issues in the digital age Hear real-life stories of a DOR audit to help you make the best decisions

• •

Washington State Update | Mark Hugh, CPA Washington Based Apportionment Breaking Nexus Down - What Does That Mean?

Greg Barton, Perkins Coie LLP Department of Revenue Updates Board of Tax Appeals | Kate Adams,Washington State Department of Revenue BONUS SESSION: Multi State Update Mark Hawkins, Moss Adams LLP

HIGHLIGHTS

Learn more and register at www.wscpa.org/wstc17

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ __ ______ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ _____________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____ ____________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____ ____ _____ _____ _____ _____ ____ _____ _____ _____ _____ _____ ____ ____ _____ _____ _____ _____ _____ ____ ____ _____ _____ _____ _____ _____ ____ ____ _____ _____ _____ _____ _____ ____ ____ _____ _____ _____ ___ ___ ___ _ _ _ _ _ ___ ________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _____ _________________ ________ ______________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ ______________________________ _________ ___________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ _ __ __ __ ___ ___ __ __ __ __ ___ ___ ___ __ __ __ ___ ___ ___ __ __ __ __ ___ ___ ___ __ __ __ __ ___ ___ ___ _ __ __ __ ____ _________ ____________________________ _________ ____________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____ __________ __________ ___________________________ __________ __________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ __________ __________ _________ _____________________________ _________ __________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____ ____ _____ _____ _____ _____ _____ _____ _____ ______________________________________________________________________________________________________________________________________________________ _____ _ __ _ ______ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ______________ __________ _________ _________ __________ ____________________________ _________ ____________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ ______________ ______ ______ _______ _______ ___________________ _______ ____________ ____________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ __________ ___________________ _________ __________ __________ _________ _____________________________ _________ __________________ ______________________________________________________________________________________________________________________________________________________________________________ _____ ____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _______________________________________________________________________________ _____ _____ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ __________ ___________________ _________ __________ __________ _________ _____________________________ _________ __________________ _____________________________________________________________________________________________________________________________ _____ ____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _________________________________________________ _____ _____ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ________________________ ____ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ __________ ___________________ _________ __________ __________ _________ _____________________________ _________ __________________ ____________________________________________________________ _ _ _ _ _____ _ _ _ _ _ _ ____ ________ ________________ ________ ________ _________ ________ ________________________ ________ ________________ __________________________

Women’s Leadership Summit

LEADERSHIP LENS

Introducing WSCPA’s New President & CEO: Kimberly D. Scott, CAE

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

O

ver the past six months, the WSCPA staff and Board of Directors have endeavored to keep our membership informed of the process regarding selecting a new CEO. Our CEO Search Task Force, comprised of a broad cross-section of our membership, met many times to make sure our process would result in finding the best possible CEO for the WSCPA. This was a highly desirable position, and we were fortunate to meet with many qualified candidates. I am extremely proud of the process, and even happier with the result – Kimberly Scott was the strongest candidate from a deep pool of applicants. I want to express my sincere gratitude to each of our members on the CEO Search Task Force; they invested significant time, energy, and passion into this search process and were incredibly impressive.

For those of you who have not yet met Kimberly, I would like to use this opportunity to make an introduction. In her 16 years with the WSCPA she has overseen membership recruitment and retention, conferences, college relationships, networking events, financial literacy programs and many other areas. She initiated programs to grow membership, focusing on young professionals. She drove growth in our “Under 30” membership population, increasing this group from 7% of our membership in 2006 to 26% in 2010. Her success in growing this next generation of WSCPA members will bear fruit for years to come.

Kimberly has also served as Executive Director of the Washington CPA Foundation, which provides scholarships to accounting students in Washington and supports future PhDs. She was instrumental in securing $3.3 million in funding from the Washington State Legislature to use as seed money for scholarships; as a result, this spring our Foundation www.wscpa.org

Kimberly Scott has the perfect blend of experience, having played an instrumental role in developing our newest generation of members while at the same time earning the respect of our leaders in Olympia and at the AICPA. I have no doubt she is the right person to lead [the WSCPA] going forward and I look forward to working with her for years to come.

will award $300,000 in scholarships.

Kimberly is passionate about her community. A former Girl Scout leader, she now chairs the City of Kirkland’s Human Services Advisory Committee, which focuses on ensuring that adequate levels of human services are available to Kirkland residents. She also serves on the board of Leadership Eastside, a leadership enrichment program enhancing the skills of local leaders in the business, nonprofit, and government sectors. Kimberly has benefited from Rich Jones’ influence and she, in turn, enjoys developing the leadership skills of the WSCPA staff as well as those of our members who serve in leadership roles within our committees and chapters.

In short, Kimberly has the perfect blend of experience, having played an instrumental role in developing our newest generation of members while at the same time earning the respect of our leaders in Olympia and at the AICPA. I have no doubt she is the right person to lead us going forward and I look forward to working with her for years to come.

leaders, and the WSCPA staff are passionate in their desire to ensure the organization maintains its relevancy to its members. We are always looking for more volunteers, so if you have a desire to make a positive impact on your profession (and make some new friends at the same time), please contact any of the staff.The WSCPA staff and volunteers are truly impressive, and I encourage you to go out of your way to introduce yourself the next time you attend a conference, a seminar, or a networking event.

I would like to thank you for the opportunity to serve as Chairman of your Board of Directors. It has been an honor and a privilege, and has been the highlight of my career (so far).

Dave Miniken is an audit shareholder at Sweeney Conrad in Bellevue.You can contact him at dave@sweeneyconrad.com.

This is an exciting time to be a member of the WSCPA! Your Board of Directors, committee leaders, chapter WashingtonCPA Spring 2017

5

Saluting CEO Rich Jones

12 Years of Memories

New Professionals Committee began holding networking events around state

2008

Passed CPA practice mobility legislation

Financial Literacy program received $5,000 grant and launched curriculum for adults

Members passed bylaws vote, which made the board a more strategic entity

2009

Passed legislation related to not restricting ability of CPAs to perform certain real estate planning services

2010

Began producing own CPE webcasts

2012

CPA Retired designation rule developed and implemented

Washington CPA Foundation established Named Scholarship Program

2013

Introduced new chapter structure

2014

Began offering full-day CPE webcasts

Implemented new database

2015

Passed legislation exempting CPAs from private investigators’ statute

Passed legislation creating a $3.3 million scholarship fund to be administered by the Foundation

2016

Passed legislation which updated the definition of attest and allowed firm mobility

Members began receiving Passport card as part of member benefits

6

WashingtonCPA Spring 2017

Pacific Tax Insitute, 2013

Members' Reception, 2012

“Rich has been a true leader both for Washington CPAs and nationally.

His leadership and work with the AICPA team on national state society issues, state board and NASBA relations and input on the ever changing landscape of the profession has been invaluable. He has been a personal confidant to me as we’ve addressed the future. His public practice experience combined with his connection with the state society members of all different backgrounds has been a significant part of shaping the profession going forward.”

Barry C. Melancon, CPA, CGMA, President & CEO, Association of International Certified Professional Accountants “It’s hard to believe Rich is retiring! I believed that it was going to be great for the WSCPA when Rich was hired. Since then, he has had significant impact on WSCPA governance, strategy, advocacy, staff development, government relations, and national visibility. I’m particularly impressed by the fact that he was able to retain and develop the staff that will carry the organization forward after his retirement, including the selection of Kimberly Scott by the board to be the next CEO. It has been a great pleasure, and a source of tremendous personal satisfaction, to have had the opportunity to work with Rich in his capacity as CEO of the WSCPA.” Antonio M. Laliberte, JD,WSCPA Chair 2007-08 www.wscpa.org

© FireEyes Photography

2007

© FireEyes Photography

P

resident & CEO Rich Jones will retire May 31, 2017 after 12 years of service to the WSCPA. Here are a few events, memories and accomplishments the society has enjoyed during Rich’s tenure as the fourth Executive Director/CEO of the WSCPA. On page 8 you can read about Rich’s personal highlights from his time at the helm of the WSCPA. We wish Rich a long and happy retirement!

Governor signs SB 5534 establishing Certified Public Accounting Scholarship Program, 2015

Board of Directors, along with staff, celebrate Seahawks Superbowl appearance, 2014

Retirement reception for Washington State Board of Accountancy Executive Director Rick Sweeney, 2016

www.wscpa.org

“When I was selected as the President and CEO of NASBA in 2012, I wanted to work to improve the relationship and dialog between NASBA and State Societies of CPAs. The first person I contacted to discuss my idea was Rich Jones. I knew Rich to be a strong leader who was respected and trusted among his peers nationally. As a result of our conversation NASBA established the NASBA State Society Relations Committee and asked Rich to serve as the initial chair. I give a tremendous amount of credit to Rich for the strong foundation and continued success of the Committee. All of the U.S. Boards of Accountancy are grateful to Rich’s service to the profession. I consider him to be a good friend and wish him the very best in his retirement and future.”

Ken L. Bishop, President and CEO, National Association of State Boards of Accountancy (NASBA)

Rich along with former Executive Directors of the WSCPA John Plymyer and Marcia Holland-Risch, present WSCPA's first Executive Director, Russ Davis with the WSCPA Special Award, 2011

“I first met Rich soon after he joined WSCPA as CEO. I liked him immediately and recognized that he was a strong leader. He quickly improved relations with our members and raised our national profile through leadership roles in the AICPA, NASBA and CPASEA. He also gave CPAs great visibility in the Seattle business community through his board leadership at Fred Hutch, Seattle Cancer Care Alliance, and UW Medicine. I will miss him at WSCPA, but I hope we’ll continue to see him for a long time.”

James R. Ladd, CPA, CGMA, Washington State Board of Accountancy Board Member, WSCPA Chair 2010-11 WashingtonCPA Spring 2017

7

LEADERSHIP LENS

Thank You and Best Wishes

By Rich Jones, CPA, CGMA, President & CEO

A

s I write my last President’s column for the Washington CPA Magazine, I am filled with such a sense of gratitude for having been allowed to be your President and CEO for the past 12 years.

It has truly been my honor to represent Washington CPAs with our legislature and with other educational and professional groups in Washington and around the country. These groups are always interested in hearing what CPAs think and they value our opinions because they know we always have the public interest in mind. As I like to say, “Public” is our middle name and that is at the core of our service to others. As long as we remember that in how we conduct ourselves, our profession will continue to be in great demand.

During my time with the WSCPA, we have accomplished a number of noteworthy successes. The accomplishment of which I am most proud is the strong relationship we have developed with our members’ principal regulator, the Washington State Board of Accountancy (WBOA). Governor Chris Gregoire appointed Rick Sweeney to be the Executive Director of the WBOA at the same time I was selected to be the CEO of WSCPA. At the time, our two organizations had a very dysfunctional relationship and seemed to be challenged to reach agreements on key issues of the day. The Governor tasked Rick with accomplishing three things, one of which was to improve the relationship between WBOA and WSCPA. At our first meeting, a NASBA West Regional meeting in Anchorage, Rick and I introduced ourselves and adopted a creed for a working relationship between our organizations.

That creed was “we may disagree, but we will never be disagreeable.” To this day, neither of us (nor the principals in our organizations) has ever broken that creed. Rick retired from WBOA a year

8

WashingtonCPA Spring 2017

ago and his successor, Charles Satterlund, has honored this commitment, as has my successor, Kimberly Scott. “Why is this significant?” you might ask. Here are just some of the things we were able to accomplish together as a result of this cooperation:

qualified board of accountancy anywhere in the US today.

•

We have worked together to propose and pass legislation that makes sense for today’s business world. These changes include individual CPA mobility that allows CPAs to work across state lines with “no notice, no fees and no escape.” Rick and I even went to California early on to testify before their state board when they were considering passing individual mobility. In March of 2016 we also successfully passed legislation to clarify the definition of attest services and to pass firm mobility provisions that allow out of state CPA firms that do not have an office in Washington to perform attest services in Washington without having to register or pay a fee. We expect most, if not all, states will pass similar legislation so that Washington CPA firms can also perform attest services in those states without having to register and pay fees, again assuming they do not have an office in that state.

These changes will eliminate a great deal of paperwork and fees for Washington CPA firms who perform attest services across state lines, the same way they have greatly reduced the compliance burden of individual CPAs working across state lines.

•

A major achievement for WBOA and WSCPA was the creation of a Washington State Certified Public Accounting Scholarship Program in 2015 that is administered by

As I write my last President’s column for The WashingtonCPA magazine, I am filled with such a sense of gratitude for having been allowed to be your President and CEO for the past 12 years. It has truly been my honor to represent Washington CPAs with our legislature and with other educational and professional groups in Washington and around the country.

•

Worked together with the Governor to secure appointments to WBOA of CPAs (and three non-CPA members) who have excellent credentials to understand the real world practice of public accounting and of private accounting by CPAs and who can utilize their experience to promulgate reasonable rules and fairly administer discipline to violators of those rules. Personally, I doubt there is a more

www.wscpa.org

© FireEyes Photography

Member Mixer at World Trade Center, 2013

Washington CPA Foundation Trustees. Funding for this $3.3 million program came from the legislature when they transferred what they considered to be excess reserves from the WBOA to this program. We believe this is the first time in the country where excess funds were transferred to something other than the General Fund of a state and instead were repurposed to the profession that created the surplus. In the 2017-2018 fiscal year the program will provide $300,000 in scholarships to approximately 60 accounting students!

•

We have been successful on several other legislative initiatives. One was a two year effort to prevent the WBOA from being rolled-up into the Department of Licensing, which would have ended their independent status. In the legislative arena, it is truly a team sport that requires the active support of our members, legislators, our lobbyist, friends of the profession, other professional organizations (e.g., AICPA and NASBA and sometimes non-CPA associations), board members or staff of WBOA when that is allowed, and very importantly, our extremely competent and hard-working staff. Collectively we have done an outstanding

www.wscpa.org

It is important to me, as a continuing member of the WSCPA, that my successor be someone who will lead us to even greater heights. I could not be more pleased that Kimberly Scott was selected as our new CEO. I have worked very closely with her during my time here and she has my complete confidence. She is a good listener, brings people together well to solve issues, is a risk-taker when that is necessary, and is an excellent leader. Please give her the same support you gave me.

job—we have not lost a single issue in more than a decade. We are all very proud of that record.

Over the past several years we have also increased the corpus of the Foundation through solicitation of larger annual gifts, the creation of a donor recognition program (the Foundation Circle) and also a Named Scholarship program. We also received a bequest from the estates of Roy and Linda Polley in 2015 totaling more than $1.3 million to provide scholarships for accounting students studying at Washington colleges and universities.

About a decade ago, Roy and Linda contacted me to discuss their desires to leave substantially all of their wealth to our Foundation. Several of us met many times with the Polleys to assist them in arranging for their desired bequests. We also developed a wonderful friendship over this time and we are so appreciative of their generosity. As you may know, one of the classrooms in the WSCPA Learning Center has been named the Roy J. Polley Memorial Classroom in their honor.

If you know me, you know I could go on talking for hours about all of the WSCPA’s accomplishments over the past 12 years. On a personal note, I have made so many friends in our membership, at WBOA, AICPA, NASBA, The Accountants’ Coalition, CPA/SEA (the association of state society CEOs), and in our member firms. I would particularly like to thank those members who have served on our board of

directors, as officers of our board, on committees, task forces, and chapter boards, and last, but not least, our society staff. They are 100% committed to the success of our members and perform heroic tasks every day. They deserve the credit for every good thing we do. We have a President’s Award that the President and CEO awards each year to a member or organization who has made a significant contribution to the success of the profession. This year my President’s Award goes to the staff of the WSCPA to recognize their many valuable contributions to our organization. They will each receive an individual award personalized with their name. I hope you will find the time to thank them individually for their work on our behalf. They make this organization so special.

It is important to me, as a continuing member of the WSCPA, that my successor be someone who will lead us to even greater heights. I could not be more pleased that Kimberly Scott was selected as our new CEO. I have worked very closely with her during my time here and she has my complete confidence. She is a good listener, brings people together well to solve issues, is a risk-taker when that is necessary, and is an excellent leader.

Please give her the same support you gave me.

Finally, thank you for letting me be your leader for the past 12 years. This has been the highlight of my professional career and I did my very best job to earn your support.

WashingtonCPA Spring 2017

9

New CPE & Event Catalog

You’re invited

www.wscpa.org/store

ANNUAL MEETING Cybersecurity PETER ANAMAN Senior Manager, Online Piracy Digital Crimes Unit, Microsoft

>> Updated search capabililties - includes filters and a wider variety of search options >> Optimized for use on mobile devices

Tuesday, June 13 3 :00-6:00 pm Meydenbauer Center Bellevue, WA Members $30 | Students $10 CPE credit and networking reception included Register at www.wscpa.org

In Memoriam The WSCPA holds in memory with families and the larger community, these members who have recently passed on: Dara Lee Asbury David A. Hoffman D. Leastman Stanford J. McLerran Ralph E. Schaefer E. Brent Small Daniel L. Sutherland Barbara J.Vicent www.wscpa.org/community/ in-memoriam

Free Monthly PCPS Resource In partnership with the AICPA Private Companies Practice Section (PCPS), the WSCPA offers a free rotating tool available every month at www.wscpa.org/pcpsresources.

Past tools have included: • Engagement Review Tool • Intentional Gratitude Actions Worksheet • Clients Goals and Challenges Worksheet • Busy Season Fun Calendar • National MAP Survey Executive Summary • Succession Survey Commentary – Sole Proprietor and Multi Owner Results Watch your Short Form for a link to the latest tool or visit the website.

Free CPE

R

Starting Fall 2017

- One-hour CPE webinars - Earn up to 16 hours free CPE

Member Benefits

$150 value

Save $100 up to

on 8-hour CPE programs and even more with Season Tickets and Coupons

Anticipate

critical professional developments with information and alerts

I’m a

CPA

What’s your superpower?

Details coming soon!

Save up to 20% on networking events

Free Passport Corporate Card

with special member pricing

Save with 3,000+ discounts across the country

Expand your network at member events around the state and by participating in committees

Find a new job or employee with the

WSCPA Job Board

Show your support

for WSCPA advocacy initiatives which protect the interests of Washington CPAs

Be on the lookout for your membership renewal invoice!

Renew now!

www.wscpa.org/renew Questions? Contact us!

(425) 644-4800 | memberservices@wscpa.org

BOARD OF DIRECTORS

2017-2018 Board of Directors Nominees The Board of Directors is pleased to present for your review nominees for the Society’s 2017-18 Board of Directors.

In accordance with Article VI of the bylaws, all nominees will be declared elected by the secretary at the annual meeting unless other nominations, supported by at least one percent of membership, are received by April 1, 2017. If a contest for one or more positions develops, an election for those positions will be held at the meeting.

Kirsten S. Duke, CPA, CGMA Position

Vice Chair

Term

1 year; automatically becomes chair 2018-19

Board service

Since 2013

Kirsten Duke, CPA, CGMA, is the VP, Finance and Human Resources of DomainTools, a cyber threat intelligence company located in Seattle, Washington.

A graduate of the University of Washington, Kirsten began her career at Ernst & Young in the Assurance and Advisory Business Services Practice. After nine years in public accounting, Kirsten moved on to industry serving as Director of Technical Accounting for Getty Images, as well as Controller of a small public biotechnology company in Bothell before joining DomainTools in 2011.

Kirsten has held the position of WSCPA Board treasurer since June of 2015. In addition to being active on local college campuses such as UW Seattle and Bothell campuses, and Seattle University as a WSCPA representative, she has also been a Washington CPA Foundation Scholarship Reviewer in 2016 and 2017.

12

WashingtonCPA Spring 2017

Amanda O’Rourke, CPA Positions

Board service

David E. Trujillo, CPA, CGMA

Treasurer

Position

Secretary

1 year

Term

1 year

Since 2014

Board service

Since 2016

Amanda O’Rourke, CPA and partner at Greenwood Ohlund, assists a range of organizations with their finance and accounting needs, including audit and attest services, tax preparation and financial reporting.

She earned her B.A. degree in Accountancy from the University of San Diego and a certificate in Nonprofit Management from the University of Washington. Amanda enjoys community service, currently serving as Chair of the board of The Seafair Foundation and on the finance committee of 501 Commons.

She is a member of the WSCPA Not-ForProfit Committee.

Amanda lives in Ballard with her husband, 5-year-old daughter and 6-monthold son.

David Trujillo, CPA, CGMA, is Executive Director of the Washington State Gambling Commission. He is the commission’s administrator and chief enforcement officer, and is responsible for all agency staff as they carry out the statutory powers and duties. He has been with the agency since 1992.

A licensed CPA since 1998, he has been actively involved with WSCPA since 2002 and received the Society’s 2013-14 Outstanding Volunteer Leader Award.

A graduate of Western Washington University and Central Washington University, Dave is a police academy graduate, recipient of the FBI LEEDA Trilogy Award, and has testified before the US Senate Committee on Indian Affairs. Part of the National Guard Community, he was awarded the 2016 State Guard’s General Roy A. Peterson Outstanding Officer Award. He also serves on Saint Martin’s Accounting Advisory Committee.

He lives in Thurston County. www.wscpa.org

BOARD OF DIRECTORS

Meet the Incoming Chair: Thomas G. Donaghy, CPA

Christina J. Gehrke, CPA, CIA, CRFA

Lowel J. Krueger, CPA, MBA

Position

Director

Position

Director

Term

3 years

Term

3 years

Christina Gehrke, CPA, is Senior Vice President, Chief Administrative Officer at Sound Community Bank. Prior to joining the Bank, she was Senior Vice President, Chief Accounting and Administrative Officer of Federal Home Loan Bank (FHLB) of Seattle. Over her 17-year career with FHLB she was responsible for executive management of various operational functions including accounting, financial reporting, SEC reporting, and internal audit.

Christina received a Bachelor’s of Science degree from the Ohio State University and a Masters of Business Administration from Seattle University.

In her spare time she enjoys teaching for various universities and traveling with her family.

www.wscpa.org

Lowel Krueger, CPA, MBA, is Executive Director of the Yakima and Kittitas County Housing Authorities, serving approximately 1,700 families with an annual budget in excess of $10 million.

Lowel began his professional career in accounting with Moss Adams, LLP and became a CPA in 1999.

He became interested in affordable housing while working as an Assistant State Auditor for the Washington State Auditor’s Office and was the lead auditor on a number of public housing authority audits. Prior to joining the Yakima Housing Authority in 2008, he was CFO for the Yakama Nation Housing Authority.

A graduate of Central Washington University and Washington State University, Lowel serves on several boards associated with affordable housing, including the National Association of Housing and Redevelopment Officials, Association of Washington Housing Authorities and Impact Capital.

Tom Donaghy, CPA, is an investment officer and financial advisor in Bellingham, Washington.

Previously, Tom was a Financial Consultant with Smith Barney, a Financial Analyst at Boeing Corpo-rate Headquarters, Resident Audit Manager for Puget Sound Bancorp, and a Staff Accountant for Moss Adams. A graduate of Seattle Uni-versity, Tom is an active member of the Knights of Columbus, Northwest Business Club, and a Team Captain for the “Big Climb,” an annual fundraising event for the Leukemia & Lymphoma Society. Tom has served on various com-munity boards and has also spon-sored musical events which have raised thousands of dollars for local charities in the Whatcom County area for many years.

Tom and his wife Wendy live in Blaine and have two sons.

WashingtonCPA Spring 2017

13

BOARD OF DIRECTORS

Remaining on the Board The following members currently serve on the board and will serve on the 2017-18 Board in the following positions: Chair: Thomas G. Donaghy, CPA Immediate Past Chair: David J. Miniken, CPA, CGMA

Moses S. Man, CPA

Jared M. Theis, CPA

Position

Director

Position

Director

Term

3 years

Term

3 years

Moses Man is a CPA at M Squared Tax PLLC, a boutique CPA firm specializing in international taxation. His practice focuses on US international tax planning for small- to mid-size multinationals across all industries, including technology, manufacturing, and professional services.

He also has experience with US individual expatriate tax planning and pre-immigration tax planning for inbound foreigners.

Prior to launching M Squared Tax, Moses spent 11 years at national and regional accounting firms serving multinational companies, including startups, venture capital funds, and Fortune 500 companies.

Moses earned his B.A. from Seattle University and his Masters in Taxation from the University of Washington. Moses serves as an adjunct accounting and tax professor at both Seattle University and the University of Washington and he is an advisory board member at the Bellevue College Accounting Program.

14

WashingtonCPA Spring 2017

Jared Theis, CPA, is an Audit Senior Manager in the Seattle office of KPMG LLP, working remotely out of Spokane.

He provides financial statement and internal control audit services to a variety of public and non-public companies, primarily in the forest products, manufacturing, and real estate industries. Jared maintains an in-depth understanding of requirements and standards of the PCAOB, FASB, SEC, and Private Company Council.

He is also frequently a guest speaker at various professional events and local college campuses, and currently serves as a member of the Accounting Advisory Boards for Washington State University and Eastern Washington University.

President & CEO: Kimberly D. Scott, CAE*

Directors: Erika C. Amezquita, CPA, CGMA Dawn E. Beck, CPA Justin A. Bourn, CPA Brett J. Jordan, CPA Mary E. Joyce, CPA Kristine L. Lambright, CPA, CGMA Rhonda S. Powell, CPA Michael W. Reeves, CPA Ronald L. Tilden, CPA

* On January 19, 2017, the WSCPA Board of Directors announced the appointment of Kimberly D. Scott, CAE, as new President & CEO, effective June 1, 2017. (See page 5 for more details.)

www.wscpa.org

COVER STORY

How much have you saved with your WSCPA Passport card?

Last summer you should have received a WSCPA Passport card—a $150 value. Members have been saving hundreds of dollars with their cards. With your Passport card, you can save on:

HOME Home Repairs Furniture Remodeling Pools

TRAVEL Hotels | Resorts Rental Cars Attractions Cruises

AUTO New Cars Auto Repairs Detailing Boats & Yachts

ENTERTAINMENT Museums Theater | Concerts Indoor & Outdoor Recreation

FAMILY Childcare Fitness Pets Clothing & Shoes

DINING Two-for-one meal deals and more!

Explore more savings at www.wscpa.org/passport New! For 2017-2018 your WSCPA Passport card is going digital!

Instead of showing a card, just show your smartphone app.

Dine. Shop. Travel. Save.

www.wscpa.org

Renew your membership now to be eligible for your digital WSCPA Passport*! www.wscpa.org/renew * Mobile cards will be activated in August 2017.

WashingtonCPA Spring 2017

15

NEWS BRIEFS

16

WashingtonCPA Spring 2017

www.wscpa.org

WASHINGTON CPA FOUNDATION

Diversity: A Business Imperative

By Kimberly Scott, CAE

F

As impressive as the scholarship program is, the Foundation Trustees realize that there is more work to be done to ensure the future of the profession is as vibrant as possible. The CPA profession needs to continue to grow, and it must also diversify.

“We live in one of the world’s most diverse countries and yet, when one looks at the population of CPAs – the business world’s most trusted advisers – diversity in the profession is simply not keeping pace. In order to continue to serve the public interest, the CPA profession must become more representative of the diversity of our nation.

“Increasing diversity in the accounting profession is a multifaceted goal. It starts with raising the awareness of people of all backgrounds about accounting careers through information and imaging. In addition, we need to generate interest by providing guidance and resources that facilitate active minority participation in the profession.” – AICPA Diversity and Inclusion Commission www.wscpa.org

© iStock by Getty Images / Steve Debenport

or decades the Washington CPA Foundation has been supporting college students by providing scholarships.The scholarship program has grown and this year the Foundation awarded $300,000 in scholarships to extremely talented accounting students in Washington State. These scholarships have been made possible by named scholarship providers, the legislation that created the Certified Public Accounting Scholarship Program from the Washington State Board of Accountancy (WBOA), endowments, and WSCPA member contributions. I am excited to see the support to create future CPAs.

Now your contribution to the Washington CPA Foundation supports the future of the CPA profession in two ways: by providing scholarships to promising accounting students and by supporting programs to increase awareness of accounting careers among diverse populations of high school students in our state.

CONTRIBUTE NOW! www.wscpa.org/contribute Recognizing the importance of encouraging diversity of the profession, the Trustees recently decided to provide grants to organizations that are creating opportunities for students with diverse backgrounds to learn about accounting as a career. Studies show that children who meet a CPA or learn about the CPA profession at a young age are more likely to become a CPA. Increasing diversity in the students studying to become CPAs is a business imperative. First, national and international clients are becoming increasingly more diverse. To continue to grow and

develop new business, significant portions of the accounting profession’s growth must originate from serving more diverse, international clients. If CPAs are to form lasting business relationships with their clients, they must understand their clients’ diverse cultures and decision-making processes, not merely their languages.

The profession needs to be known for and comprised of diverse workplaces and inclusive workplaces.

Second, a diverse workforce is also a catalyst for growth. It is well-proven that diverse, heterogeneous teams promote creativity and innovation. Only by fully WashingtonCPA Spring 2017

17

WASHINGTON CPA FOUNDATION

embracing diversity and maximizing the well-being and contributions of everyone can we fully maximize the strength and relevance of the accounting profession.

This year the Foundation will be providing grants to two organizations that are already working to increase the diversity of the profession: Accounting Careers Awareness Program (ACAP) and College Access Now (CAN).

ACAP (www.seattleacap.org) was started in Seattle in 1980 by CPAs and now has been replicated around the nation.

ACAP provides a weeklong summer program for underrepresented high school students to learn about accounting as a career option, and to be inspired to enroll in college and pursue the education necessary to obtain their CPA license. Since 2011, 297 students have participated in the ACAP program. Currently 87 of the students are still in high school, but 167 of them are enrolled in college, and 30 of them have declared accounting

as their major. These students did not know about the option of accounting as a career prior to attending ACAP. CANx(www.collegeaccessnow.org) was started in 2005 and is also a program that originated in Washington State.

CAN works with high school students (11 schools in 4 districts) who may not think of college as a viable option and has served 1,050 students. CAN transforms the process of getting into college into manageable steps. CAN staff work at the high schools with juniors and seniors.

Once a student enrolls in college, CAN provides a mentor who will, throughout the college years, provide the support needed to reach graduation. All CAN students are considered low income, 91% are students of color, 89% are first generation and 53% speak a language other than English. With the Foundation grant, CAN will be hosting events to introduce high school students to accounting as a potential career.

Now your contribution to the Foundation supports the future of the CPA profession in two ways: by providing scholarships to promising accounting students and by supporting programs to increase awareness of accounting careers among diverse populations of high school students in our state. You can contribute to the Foundation when you renew your membership this spring or anytime at www.wscpa.org/foundation or by calling (425) 644-4800.

Kimberly D. Scott, CAE, is WSCPA Vice President of Member and Government Relations and Executive Director of the Washington CPA Foundation. Effective June 1, 2017, she will be WSCPA President and CEO.You can contact her at kscott@wscpa.org.

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

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

BECOME A STUDENT OUTREACH VOLUNTEER

Head back to campus 18

WashingtonCPA Spring 2017

Contact Monette Anderson, Academic Relations Central Washington University Eastern Washington University Gonzaga University Pacific Lutheran University Seattle Pacific University Seattle University

University of Washington University of Washington-Tacoma University of Washington-Bothell Washington State University Western Washington University

Coordinator: manderson@wscpa.org | (425) 586-1118

www.wscpa.org

TAXATION

Real Estate Holding Structures for Foreign Investors

By Moses Man, CPA

In a far too common scenario, a foreign investor arrives in the US for a limited amount of time. During that time, the investor meets with the real estate agent, tours a few houses, signs a purchase and sales agreement, and flies back to his or her home country. These are accomplished in the span of days, often without legal and US tax considerations.

For a foreign investor, the lack of, or poorly executed, US tax planning with respect to his or her real estate investment could result in adverse or unintended US tax consequences.This article will examine the US tax consequences of various types of holding structures that may be used for a foreigner to invest in US real estate.

Direct Ownership

Under a direct ownership structure, the foreign investor takes title to the real property under his or her name. The investor would be required to file an annual US income tax return to report the income generated by the real property, which would be subject to a gross rental income tax of 30%. Alternatively, if an election is made under I.R.C. Section 871(d) to treat the rental activities as an www.wscpa.org

© iStock by Getty Images / Jeff Wang

W

ashington state, in particular the greater Seattle and Bellevue regions, have experienced significant activities in the real estate market in recent years. Foreign investors have been a primary driver of the activities in these regions. According to a recent article in The Seattle Times, during a span of a seven-month period in 2016, Seattle experienced more inquiries from mainland-Chinese homebuyers than any other American city. The foreign real estate investment activities in the region grew further when Vancouver recently enacted a 15 percent tax on foreign buyers in the Vancouver metro area.

effectively connected trade or business in the US, the net rental income would be taxed at the investor’s graduated tax rate.

The requirement to file a US income tax return annually can often times deter the investor away from this structure.

Upon sale, the investor can reap the benefits of the long-term capital gains rate. Furthermore, a 15 percent withholding under the Foreign Investment In Real Property Tax Act (FIRPTA) would apply. However, the FIRPTA withholding tax generally would be credited on the investor’s individual income tax return.

The direct ownership structure suffers from a lack of legal liability protection, but perhaps the biggest downside is the application of the US estate tax. For non-resident aliens, the current estate tax rate is 40% and is levied on US situs assets, which includes real property located in the US.

As the real estate market continues to gain momentum, largely from the influx of foreign real estate investors, we examine several common real estate holding structures that a foreign investor may consider.

Diligent and proactive US tax planning can mitigate tax burden during the operational and exit phase of the real estate activity.

Ownership through LLC and Partnerships

The LLC ownership structure is commonly used, because it is relatively simple to implement and the cost of implementation is low. Under this structure, the tax result generally would be the same as the direct ownership structure, and the same estate tax exposure remains.

If multiple investors exist, the LLC will default to a partnership for US tax purposes. Due to the flow-through nature of a partnership, the taxation on rental income and the ability to enjoy the longterm capital gains rate is the same as the direct ownership structure. Under I.R.C. Section 1446, the partnership would be responsible to withhold tax on the partnership’s effectively connected income (i.e., rent and capital gains) allocable to foreign investors on a quarterly basis.

The withholding rate is currently at 39.6 percent. Furthermore, the partnership is WashingtonCPA Spring 2017

19

TAXATION

required to withhold on any withholdable payments under I.R.C. Section 1441 and 1442, also known as FDAP. The withholding mechanism of I.R.C. Section 1446 takes precedence over the FIRPTA withholding. As such, under this structure, there is generally no FIRPTA withholding upon disposition of the real property.

An interest in a partnership is generally considered as an intangible for gift tax purposes; as such, the gifting of a partnership interest is not subject to gift tax. Upon the death of a foreign partner, the estate tax would apply to his or her allocable value in the partnership. However, there is an argument that in lieu of a domestic partnership, a foreign partnership may be used instead to avoid the US estate tax.

Ownership Through a Domestic Corporation

Under this structure, the net rental income is taxable at corporate tax rate up to 35 percent. Similarly, the gain from the sale of the real property is subject to the same corporate income tax rate.

Since the owner of the real property is a US corporation, FIRPTA withholding is not applicable upon disposition of the real property. Upon distribution to the foreign investor, the dividends (to the extent of earnings and profits of the corporation) is subject to a 30 percent withholding tax. The withholding tax may be reduced under an applicable treaty.

The shareholder can generally bypass a second layer of US tax if the corporation disposes of the real property, recognizes the gain on the disposition, and liquidates.

The stocks of a US corporation are deemed to be an intangible under gift tax laws. As such, the gifting of the US corporation stocks is free from gift tax.

However, the same stocks are considered US situs property and is subject to the estate tax.

The domestic corporation holding structure should be used in rare instances due to the poor combination of the income tax and estate tax.

20

WashingtonCPA Spring 2017

Ownership Through a Foreign Corporation

Under this structure, the foreign investor forms a foreign corporation, which directly holds the US real property. Similar to the Direct Investment structure, the gross rental income is subject to 30 percent withholding by the lessee. Alternatively, foreign corporations may elect to be taxed on net rental income at the corporate tax rate. In addition, foreign corporations are subject to the branch profits tax of 30 percent, which can be reduced via an applicable tax treaty.

When the real property is disposed, corporate income tax rate is applicable to the gain, and FIRPTA withholding of 15 percent would also be applicable.

One can circumvent the branch profit tax and FIRPTA withholding by inserting a domestic corporation in the structure. Under this structure, the foreign corporation would be the sole owner of the domestic corporation and the domestic corporation would own the real property. Country selection would be critical in this type of double corporate structure to ensure beneficial withholding rates between the investors and the corporations.

The stocks of a foreign corporation are not considered US situs property. As such, the estate tax would not be applicable.xFurthermore, the gifting of the stocks of a foreign corporation is not subject to US gift tax.

Each structure described above carries its own intricacies. There is no one-size-fits all structure. A long list of tax and non-tax factors should be considered as part of the planning process.

Examples of factors include: 1.) Investor profile (i.e., individual, entities, location) 2.) Earnings reinvestment vs. repatriation 3.) Investor’s privacy concerns 4.) Exit planning (i.e., expected timing and method)

5.) Anticipated US tax residency status 6.) Future investors Although this article only examines the US income tax consequences, a comprehensive tax plan should also consider the investor’s local country tax consequences. For example, how will the local country tax the investor’s and the holding company’s current earnings? Will there be a timing difference between when the revenue will be recognized in the US versus in the local country?

When considering the location of holding companies, it is prudent to examine various tax treaties. Tax treaties often provide favorable withholding rates on dividends and interest income as well as a reduction in the branch profits tax. Certain tax treaties also provide guidance on the taxation of real property transactions.

The limitation on benefits articles should also be carefully examined to ensure the applicability of the tax treaty.

Moses Man is a CPA at M Squared Tax PLLC, a boutique CPA firm specializing in international taxation.

He is the Chair of the International Tax Committee, which is planning the International Tax Conference.You can contact him at moses@msquaredtax.com.

Learn More International Tax Conference Tuesday, May 23 Columbia Winery, Woodinville 8 CPE credits Register now! www.wscpa.org/intc17 Join the International Tax Committee! Contact Katie Berry at kberry@wscpa.org.

www.wscpa.org

New venue & closing reception!

Columbia Winery, Woodinville

• International Implications of Tax Reform | Michael Ferguson, CPA, CMA, and Andrea Flores, CPA, Ernst & Young • Foreign Real Estate Investments Holding Structure | Moses Man, CPA, M Squared Tax PLLC • European Tax Reform Developments | David Cordova, CPA, Deloitte LLP

HIGHLIGHTS

CONFERENCExSESSIONS

•

Get your questions answered by Michael Ferguson and Andrea Flores on international implications of tax reform

•

Make better tax plans with Sam North’s tips for US inbound businesses.

•

Stay out of trouble—Tiffany Kawasaki’s foreign withholding tips will keep you informed and prepared.

• Tax Planning for US Inbound Businesses | Samuel North, CPA, MBA, Sweeney Conrad PS • Foreign Withholding: Traps for the Unwary | Tiffany Kawasaki, CPA, Clark Nuber PS • Estate and Gift Tax Planning for Foreign Nationals | Jay Riffkin, Dorsey & Whitney LLP

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____ _____ _____ _____ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ __ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __________________________ __________________________________________ __________________________________________ __________________________________________ ________________________________ _ _ _ _____ ____________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___ ___ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ __ ___ __ ______ _____________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________ __________ __________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____ ___________________________________________________________________________________________________________________________________________________ _____ _____ _____ ________________ _ _ _ _ _ _ __ __ _ _ _ _ _ __ __ _ _ _ _ _ __ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ________________________ _____ _____ _____ ________________________ _____ _____ _____ ________________________ _____ _____ __ _ _ _ _ _____ ______________________________ _________ ___________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___ __ ___ ___ ___ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ __ ___ ___ ___ _______ _____________________ _______ ______________ _____________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __________________________________________________________________________________________________________ _ _____ _____ _ _____ _____ _________ _________ ___________________________ _________ __________________ _____________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ____ ____ ____ ___ ____ ____ ____ ____ ____ __ _ _ _ _____ __________ __________ _________ _____________________________ _________ __________________ _______________________________________________________________________________________________________________________________________ ____ ___ ____ ____ ____ ____ ____ ____ ____ ____ _____ ______ _____ _____ _____ _____ _____ _____ __ ___ ___ _______ ________ _______ _______ ______________________ _______ ______________ _________________________________________________________________________ __ _____________ __________ _________ _________ __________ ____________________________ _________ ____________________ ______________________________________________________________________ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ _____ ____________________ _________ _________ __________ __________ ___________________________ __________ __________________ _________________________________ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ____ _________ _________________ ________ _________ _________ ________ __________________________ ________ ________________ ________

MAY 23, 2017

21

WashingtonCPA Spring 2017

www.wscpa.org

_ _ _ _ __ __ __ __ _ _ _ __ __ __ __ _ _ _ __ __ __ __ _ _ _ __ __ __ __ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ _ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _

Women’s Leadership Summit

International Tax Conference

Learn more and register at www.wscpa.org/intc17

CHAPTERS

WSCPA Chapter Events www.wscpa.org/chapters Date

CPE

Event

Code

Location

Essential Wisdom for Trusted Counselors

17CHBVAP20

Maggiano's at Lincoln Square, Bellevue

Leadership Lens Breakfast: Bellevue

17NWMY10

Woodmark Hotel, Kirkland

Washington Tax Developments with Mark Hugh

17CHBVMY18

Maggiano’s at Lincoln Square, Bellevue

17CHBLMY08

Max Dale’s Restaurant, Mount Vernon

Bellevue Area Chapter Apr 20

1

May 10

1.5

May 18

2

Bellingham Area Chapter May 8

1

Section 1031 Exchange Update

Olympia Area Chapter May 3

2

Value Chain Analysis

17CHOLMY03

Indian Summer Golf Club, Olympia

Jun 7

2

Estates, Gifts, and Real Estate Law

18CHOLJN07

Indian Summer Golf Club, Olympia

Leadership Lens Lunch: Spokane

17NWMY17

Lincoln Center, Spokane

Spokane Chapter 18th Annual Golf Tournament

17GOLFMY25

Circling Raven Golf Club, Worley, ID

Spokane Area Chapter May 17

1.5

May 25

Tri-Cities Area Chapter May 8

1

State and Local Tax Update with Mark Hugh

17CHTCMY08

Tagaris Winery, Richland

June 12

1

Time Management Made Easy

18CHTCJN12

Tagaris Winery, Richland

17CHVNMY09

Heathman Lodge,Vancouver

Vancouver Area Chapter May 9

3

2016 Vancouver Disruption Tour - Free To Members!

Last stop on the tour!

22

WashingtonCPA Spring 2017

Vancouver - Tuesday, May 9 3 hours free CPE for members!

Register now! www.wscpa.org/store

www.wscpa.org

FRAUD

Do you really know who you are paying?

© iStock by Getty Images / S Dominick

By Cecilia Locati, ACMA, CGMA

Here are three case studies which illustrate common scenarious of procurement fraud in smallto medium-size enterprises. In each case study, the fraudsters saw an opportunity to take advantage of the perceived lack of control and thought they could get away with their scheme. To prevent and detect fraud effectively, senior management must have good oversight over controls, including the seven ways covered in this article.

F

rom fake invoicing and pay-andreturn schemes to personal purchases with corporate funds and payment fraud, fraud in the procurementto-pay process is very common and extremely difficult to prevent and detect.

According to the 2016 Report to the Nations on Occupational Fraud and Abuse by the Association of Certified Fraud Examiners (ACFE), fraudulent disbursements are the most common form of asset misappropriation. Of all the types of fraudulent disbursement, billing schemes are the most common with an average of 22.2% of the cases and a median loss of $100,000.

The following real-life examples illustrate common scenarios of procurement fraud in small- and medium-size www.wscpa.org

enterprises: the first case study is a reallife example of an electronic disbursement fraud while the second and the third relate to billing schemes.

Case study 1: MediaCo

Jenny was managing the finance and administrative activities of MediaCo, a small media production company specialising in documentaries for TV, co-founded

by Kevin and Ivan.

Over time, Jenny found an easy way to boost her wages. When approving payments, Kevin always cross-checked the invoices and payment details thoroughly, while Ivan approved the payments without double-checking them against the invoices. From time to time, Jenny would enter her sister’s bank details into the online banking system instead

of a supplier’s account details. She would then submit the payment for approval to Ivan. Ivan would approve without noticing that the bank details on the payment were different from those specified on the supplier’s invoice. After a couple of weeks, when she knew that Ivan was out of the office, she would include the same vendor invoice in a payment (with the correct vendor bank details) and ask Kevin to approve it.

Jenny was the only one who managed the accounts at MediaCo, and she could easily allocate the cost of the fraudulent payment to a number of P&L accounts to cover up the shortage.

One day, she was forced to stay at home for a couple of weeks due to illness, and the co-founders’ personal WashingtonCPA Spring 2017

23

FRAUD

assistant covered for her. Following a call from an angry vendor who complained about not receiving payment on his last invoice, the personal assistant looked into the finance files to check whether the invoice had been paid. Thus it was discovered that by paying invoices to her sister’s bank account, Jenny had managed to embezzle approximately $75,000 over a three-year period.

Case study 2: KitchenCo

Matt was the marketing manager for KitchenCo, a medium-size bespoke kitchen manufacturer.

He convinced the company’s owner of the need to invest approximately $125,000 to improve KitchenCo’s online presence. The owner did not have any background in online marketing and social media presence. But he knew that some of his competitors were investing in such activities, and he wanted to keep up with them.

Matt created a shell search engine marketing company called SEMCo with a fancy website and his wife as the company director. He painted SEMCo as one of the top companies on the market and got the owner to approve an inflated quote for SEMCo’s services.

Then, Matt engaged a couple of inexpensive contractors to whom SEMCo subcontracted the work for a much lower price than what KitchenCo paid SEMCo. After a few months, during a networking dinner, the owner met a search engine optimisation (SEO) consultant, and when their conversation turned to KitchenCo’s SEO initiatives, the consultant was amazed by the price KitchenCo had paid, and stated that he had never heard of SEMCo. Because of this conversation, the owner asked KitchenCo’s finance director to carry out some checks on SEMCo and found out that it was owned by Matt’s wife, and that the price KitchenCo had

24

WashingtonCPA Spring 2017

paid was well above the market average.

Case study 3: GlassesCo

For 15 years, David was the finance director of GlassesCo, a retailer that sold spectacles and lenses. GlassesCo used a small legal firm, LegalCo, and over the year, David got to know John, the owner, quite well.

At a certain point, the two men came to the following agreement: John would inflate the number of hours of consulting provided to GlassesCo, David would approve the inflated invoices, and they would split the fraudulent proceeds. This arrangement was quite easy to pull off because David was the only approver of the invoices.

7 ways SMEs can protect themselves against procurement fraud 1. Segregation of duties 2. Robust reviews 3. Vendor selection and approval 4. Automated controls 5. Ongoing vendor monitoring and benchmarking 6. Tight analytical and budget review 7. Hotline One day, the CEO of GlassesCo received an anonymous email reporting that David was approving inflated consulting invoices. The CEO engaged a fraud investigator to verify whether the claims were true. By reviewing David’s email archive, it became obvious that he was colluding with John in a pay-andreturn fraud scheme worth $37,500 over the past two years. Due to the email archive retention period, it was not possible to ascertain whether the loss was

even greater; however, given the length of David’s service and for how long LegalCo had been providing services to GlassesCo, it is quite likely that the loss amounted to much more than that.

7 ways SMEs can protect themselves against procurement fraud Segregation of duties: In all three examples, the lack of segregation of duties made the frauds possible or helped to conceal them. In MediaCo’s case, the lack of segregation of duties in the accounting function allowed Jenny to hide the fraudulent payments in the general ledger without anybody noticing. To achieve segregation of duties, responsibility for processing payments should be allocated to a different individual from the one in charge of posting transactions in the general ledger. Another way to segregate duties is to ensure that finance systems require two users to process journal entries: one to post journals and one to release them.

In the second case study, segregation of duties could have been achieved by giving the finance department responsibility for carrying out due diligence on the new vendors. This would have uncovered the shell company fraud scheme before the vendor had been engaged.

In the third case, David’s fraud would have been discovered much earlier if the CEO had to approve LegalCo’s invoices in addition to David’s approval. To ensure that invoices are independently approved, they should be reviewed by a second individual, other than the person who holds the relationship with the vendor.

Robust reviews: In the first case, the fraud was made possible by the poor controls carried out by one of the two managing directors, who did not check the details of the payments against the supporting documents. In the case of KitchenCo, the owner did not perform a thorough review of the vendor selection process carried out by the marketing manager, which resulted in the engagewww.wscpa.org

FRAUD

ment of a shell company as a vendor.

When approving, the reviewer should be aware of the specific reasons why the approval is needed and the risks it is designed to mitigate. Raising awareness around this topic would help improve the quality of the review performed.

been populated automatically based on the data available in the vendor master data. Therefore, provided that appropriate controls around the vendor master data had been in place, it would not have been possible to perpetrate this type of fraud.

Vendor selection and approval: Having a strong vendor selection and due-diligence process in place is crucial to avoiding procurement fraud, as the case of KitchenCo shows. A strong vendor selection process should include a bidding procedure and a due-diligence process to ensure that the new vendor is a genuine company and that there is no potential conflict of interest. Once those checks have been performed, the new vendor should be approved by another party who should conduct independent checks to ensure that the selection process has been carried out fairly and without bias.

Ongoing vendor monitoring and benchmarking: It is best practice to monitor an existing vendor’s performance over time to ensure that the level of service meets expectations and the price is appropriate.The monitoring activity should be carried out by a department or person different from the one managing the relationship with the client on a day-to-day basis. This would have helped prevent GlassesCo from falling victim to the overbilling scheme.

Automated controls: Manual processes are more prone to errors and fraud than automated processes. In the case of MediaCo, the fraud would have been much more difficult to perpetrate if, instead of using manual payments, the company was using an automated system.

In this case, the vendor details would have

www.wscpa.org

Tight analytical and budget review: All of these cases lacked a robust review of the actual and budgeted figures.

While more challenging for small, rapidly growing companies, the review process should include not only a tight review of the actual-versus-budget figures, but also analysis of the financial ratios and comparative analysis to identify costs that need further investigation.The tighter the controls, the greater the chance of spotting frauds.

Hotline: Tip-offs are the most common way of uncovering frauds.

Having a formal, structured process to report and follow up suspected instances of fraud and control override helps SMEs encourage people to report such cases.

Nowadays, a number of companies, for a flat annual or monthly fee, provide a 24/7 hotline service in different languages.

In each case study, the fraudsters saw an opportunity to take advantage of the perceived lack of control and thought they could get away with their scheme.

To prevent and detect fraud effectively, senior management must have good oversight over controls.

Cecilia Locati (cecilialocati@fraudfence. co.uk) is director of Fraud Fence, a consultancy that advises companies on internal fraud prevention. Š 2017 Association of International Certified Professional Accountants. All rights reserved. Printed with permission.

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.

WashingtonCPA Spring 2017

25

ACCOUNTING EDUCATION

When CPAs Go Back to School

By Monette Anderson

D

oes molding and inspiring the minds of the next generation of CPAs interest you? Did you know that there is a nationwide shortage of accounting faculty? While the time commitment to earn a doctorate may have kept many CPAs from transferring to academia, the shortage has opened up

many new pathways to academic careers, including additional part-time and adjunct faculty openings. If you are a licensed CPA with a master’s degree, you can likely find many teaching opportunities and maintain your current employment. It is a solid way to determine if a more permanent career move might be right for you.

We reached out to some of our accounting professors across the state of Washington who made the switch from practitioner to teacher to ask what drew them to teaching and how it differs from the positions they had held in public accounting or industry positions.

Tara Lambert, MBA, CPA, Whitworth University

Jenny Cravens, MAC, CPA Central Washington University Jenny Cravens had a successful 20-year career in the financial services industry in various roles within the finance and accounting spectrum.

Her most recent role was CFO of Cashmere Valley Bank in Central Washington. In 2010, her interest in teaching propelled her to become a member of CWU’s College Advisory Board, a position she held for seven years.“I sought out as many opportunities as I could to interact with students. I believe that is probably what caught Dean Martell’s eye and, likely, why she approached me about the P.R. O’Shaughnessy Executive Professor of Accounting position. The position seemed tailor-made for me, so I asked myself, “Why wait until retirement?’ I went for it.”

26

WashingtonCPA Spring 2017

Before transitioning into teaching, Tara worked in public accounting, non-profit and industry. She worked for Edirol Corporation North America in Bellingham and Rader Farms in Lynden for the majority of her pre-teaching career. Her roles included accountant, HR manager and controller. After completing her MBA, she taught night courses for Whitworth University. “My students wrote business plans and entered them into a Northwest Business Plan Competition. The experience of seeing them become excited about their ideas, spend hours writing a business plan and compete for prize money to fund their venture was very rewarding,” said Tara. “After these courses were finished I knew I wanted to teach full time.” She has been teaching full time at Whitworth for four years and is pursuing her Doctorate of Business Adminstration (DBA) at the University of Wisconsin-Whitewater as a Washington CPA Foundation Scholarship winner.

Gabriel Saucedo, Ph.D., CPA, Seattle University Gabriel received his BBA with a double concentration in accounting and management from Gonzaga University in 2001. An audit internship in the Seattle office of KPMG led to a full-time position in the audit practice in 2002. In his fourth year at KPMG, he was selected by the firm to be an internal instructor for their Audit Fundamentals (now Audit Foundations) training.The firm began pairing the internal KPMG senior/managers with one college professor so the trainings were infused with high-quality theoretical as well as practical instruction.

“During this time, I began to network with a new group of accounting professionals.

The professors always talked so enthusiastically about what they did back at their universities,” said Gabriel. “Eventually, many began asking me about my career path and if I’d ever thought about a career in academia. I guess you can say that’s where the seed was planted.” He left KPMG in 2008 to prep for his graduate degrees and remained in consulting work. He started at Virginia Tech in 2010 and finished his PhD in May 2014. He returned to the PNW to a full-time, tenure-track position at Seattle University. www.wscpa.org

ACCOUNTING EDUCATION

What do you love about teaching?

Ron Tilden, CPA University of Washington, Bothell Ron Tilden graduated from the University of Washington in 1979 and joined the audit staff of Deloitte.

Ron always liked teaching and even as a young CPA at Deloitte he taught night classes at North Seattle Community College. He also tried to teach as many internal education sessions as he could while at Deloitte.

“I like to take complicated subjects and break them down so that I can explain them in a logical way,” said Ron. “The idea of transitioning to academia when I was ready for a ‘downshift’ in my corporate career was something that was always in the back of my mind.” After eight years at Deloitte, he worked for Intermec Corporation in Everett for eight years, and rose to CFO. In 1995, he became the CFO of WRQ in Seattle, a successful software company.

While it was a great experience, he left in 2001 and started teaching at University of Washington’s Bothell campus. He is now a Senior Lecturer teaching intermediate and advanced accounting. Ron also serves on the WSCPA Board of Directors. www.wscpa.org

Jenny: There is a lot to love. The most significant part I love is that, daily, I have an opportunity to influence the future.

As an executive, I cherished the opportunities I had to coach and mentor young people, but the higher I rose within an organization the less I interacted directly with millennials, who are our future. This new role affords me an endless opportunity to assist young people from many different backgrounds in reaching their goals. To me, that’s priceless. I also enjoy the flexibility and even the performance art part of the gig.

Tara: I enjoy teaching students accounting and mentoring them through their undergraduate careers. I care very deeply about my students as individuals, and about their ability to succeed in the classroom and beyond. It is a challenge to make accounting interesting, and I strive to bring the classroom alive by sharing my industry experience to link theory with real world application.

I am also passionate about accounting ethics. In my courses we discuss the concept of information usefulness and how financial information is relied upon for decision making.

Gabriel: Much like my time as an auditor, I like that each day is filled with something new. College campuses are robust with an amazing energy from both students and professors. It’s an exciting place to work, think, motivate, and challenge.

I am inspired by what I see students and my peers doing in the classroom, around campus, and in the greater community, often times selflessly. On a personal level, I like the somewhat flexible schedule. It is not too often you will find me lecturing at 8 a.m.

Ron: First, I love being around the students. My children all live out of state and I joke with students all the time that they are my surrogate family. One thing I do at UW Bothell is serve as the faculty advisor for Beta Alpha Psi.This puts me in close contact with a group of highly energetic, smart, personable and motivated young adults. It’s hard to spend much time with these kids and not come away feeling pretty upbeat about the future of our industry and our country.

“It’s hard to spend much time with [Beta Alpha Psi students] and not come away feeling pretty upbeat about the future of our industry and our country.”

- Ron Tilden

I also really like seeing accounting students get a start in a fantastic career that will likely position them well for the rest of their professional life. I think many of our students start college knowing that they are interested in business, but not knowing what accounting is really about.

They take a few accounting classes, start to gain interest, and realize that it can lead down a path where they will become a CPA. They start to understand what it means to be a CPA and what the CPA brand is all about: honesty, fairness, objectivity, critical thinking … and that is all pretty cool to watch.

WashingtonCPA Spring 2017

27

ACCOUNTING EDUCATION

Why would you encourage others to take the leap to become an accounting educator?

Jenny: I would encourage others to take the leap if they feel passionate about the future. Positively passionate. The differences between this role and a CPA role in industry is significant. This kind of change is not for the faint of heart.

It’s certainly not a slow, easy ride into the sunset that some might imagine. However, the rewards of knowing that you are creating future accountants and leaders in business, with the ethics and values so important to our industry, is incalculable. If that is your interest, then teaching at the college level will be a fantastic experience.

Tara: Teaching is a very rewarding career through which you can share a passion of accounting and help students be excited about becoming a CPA. It is a wonderful opportunity to use your CPA credentials

in service to your community.

Gabriel: First, I would say, “taking the leap” [to pursue a doctorate/Ph.D.] is a big step that requires 4-5 years of a much different lifestyle. You literally become a college student again, and with that comes the price of books, late night studying, papers, exams, etc. This can be very difficult to balance depending on where you, and your family, may be physically, emotionally, or financially. However, if you can make the commitment, the rewards are endless. I like being able to see the difference I am making as both a scholar and professor. This sense of accomplishment was something hard to feel as an auditor, even though I liked my job very much.

Being a professor is an opportunity to see the profession through a unique lens and often be part of a larger change.

the AICPA and the American Accounting Association (AAA) to study the status of accounting education, concluded as much in their report issued in 2012. My own professional life has consisted of three distinct phases: public accounting, industry and now education. All three of these careers were challenging and stimulating, but the experience I’ve had in being able to bring my public accounting and industry experience into the classroom has perhaps been the most rewarding.

I would absolutely encourage anyone else in a similar position to take the leap.

Monette Anderson is WSCPA Academic Relations Coordinator.You can contact her at manderson@ wscpa.org.

Ron: We need more practical experience in our accounting classrooms. The Pathways Commission, co-sponsored by

Do you have experience teaching CPE? The WSCPA is seeking qualified CPE instructors. If you have previous experience teaching CPE and enjoy teaching, contact us!

For more information, contact Lois Swenson-Grudt, WSCPA Education Operations Manager, (425) 586-1136 lswenson-grudt@wscpa.org

28

WashingtonCPA Spring 2017

www.wscpa.org

Golf Tournament Monday, June 12 Sponsors:

Register now! www.wscpa.org/golf

Woodinville, WA

To sponsor, contact Amy O’Donnell aodonnell@wscpa.org | (425) 586-1140

Spokane Area WSCPA/RMA Golf Outing Thursday, May 25 Worley, ID

Sponsors:

Register now! www.wscpa.org/spokanegolf To sponsor, contact Roo Mulligan: rmulligan@wscpa.org | (425) 586-1142

www.wscpa.org

WashingtonCPA Spring 2017

29

Foundation Contributors

Thank You to Foundation and CPAPAC Contributors The following individuals and organizations donated to the Washington CPA Foundation or CPAPAC from March 2016-February 2017.

Your generous support of the Washington CPA Foundation allows us to continue with our core mission of raising funds to support deserving Washington based accounting students and programs.

www.wscpa.org/foundation

In 2017, 35 $5,000 scholarships were awarded from the Certified Public Accounting Scholarship program*. The Foundation also awarded nine named scholarships, two endowed scholarships and one Foundation doctorate scholarship.

2017

Win a $5,000 accounting scholarship...

60 scholarships

164

final applicants

Richard E Jones, CPA, CGMA

Executives Circle ($500-$999)

or wait tables for 527 hours*

www.wscpa.org/scholarships

55

selection committee members

3.83 average GPA 12 1

Washington colleges Doctoral candidate

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

* In 2015, the Washington State legislature passed substitute Senate Bill 5534 which created the Certified Public Accounting Scholarship Program. Governor Inslee signed the bill on May 8, 2015 to be effective July 24, 2015.The final State Operating Budget for 201517 allocated a total of $3.3 million to this program.

30

WashingtonCPA Spring 2017

Clark Nuber Accounting Scholarship CliftonLarsonAllen Accounting Scholarship Shimer Family Foundation/Deloitte Accounting Scholarship EY Accounting Scholarship KPMG Accounting Scholarship Moss Adams LLP (Everett) Peterson Sullivan LLP Accounting Scholarship PwC Accounting Scholarship Sambataro Family Foundation Roy J Polley Memorial Endowed Scholarship Waterman Endowed Scholarship

Chairman’s Circle ($2,500+)

$5,000 each | $300,000 total

225

Contribution of $5,000 toward a named scholarship to be awarded the next academic year.

#ONEOF40

awarded

online applications started

Named Scholarship Contributors and Endowments ($5,000+)

Pat L Bohan, CPA, CGMA, CGFM Weldon T Burton, CPA Robert J Fleming, CPA Goldman Sachs & Co Richard D Greaves, CPA Christopher William Hesse, CPA Brett James Jordan, CPA James R Ladd, CPA, CGMA Kris Lambright, CPA Chris W Strand, CPA, MSTax, PFS Glenn G Wisegarver, CPA, CGMA

Leaders Circle ($250-$499) Erika Cecilia Amezquita, CPA, CGMA Laurie Jo Anderson, CPA Dawn Esther Beck, CPA Justin A Bourn, CPA Jolene G Cox, CPA Ron A Cubellis, CPA Jacqueline L Davidson, CPA, CGMA Thomas G Donaghy, CPA Heather L Fitzpatrick, CPA, CGMA Robert W Heller, JD, LLM Mark Alan Hugh, CPA Glenn M Light David J Miniken, CPA, CGMA, MBA Gerhard G Mueller, PhD Amanda V O’Rourke, CPA Rhonda S Powell, CPA Michael Wickersham Reeves, CPA Abby Mae Sanders, CPA, CFE William A Simer, CPA Joseph Paul Smith, CPA, CGMA David E Trujillo, CPA Edward C Wartelle William Lloyd Wells

www.wscpa.org

SUCCESSION PLANNING

Senior Contributors ($100-$249)

Robert W Ash Sidney H Boles, CPA Adele Brady Bolson, CPA Sesinando N Cantor, CPA, CGMA, MBA Roger F Clark, CPA Robert M Cole, Jr, CPA, CGMA, MA Bonnie Lynn Curran, CPA Robert L Gerth Brian G Gosline, CPA, JD Harumi K Guiberson Charles E Hallett, IV, CPA, CGMA Gregg D Jordshaugen, CPA Donald W Luby, CPA Elizabeth Deak Masnari, CPA, CISA Sandra J Moss, CPA Daniel B Myers-Power, CPA Aldryth Neilson O’Hara, CPA Peter A Margaritis LLC Molly M Philopant Sharon Kay Philpott Robert A Underhill PC Michael D Sweeney, CPA Vern G Thoreson William E Tremper Robert A Underhill, CPA, JD

Supporting Contributors (<$99)

Carmen J Aguiar, CPA, PFS, CFP Leonard L Almo, MBA Michael R Ammerman, CPA Alex T Anderson, CPA Stephanie Carol Artino, CPA Erica Marie Ash, CPA, MBA Gordon P Asheim, CPA Bill Bailey, CPA Nicki L H Bailey, CPA John P Baker, CPA Tyler John Baldwin, CPA Marc G Bateman, CPA Donald W Bell, CPA David George Bembridge, CPA Robert R Berntson, CPA Robert Charles Best, CPA, JD Jessie D Beyer, CPA Carol J Bezy, CPA, MBA, CFFA, CVA Diane Bingaman, CPA Bruce E Bixler Gregg Blodgett Wayne R Borkowski, MBA Megan Yeung Brady, CPA Paul W Brandstetter, CPA Brian Richard Bronk, CPA David A Brown Christine B Brunner, CPA Kurt Burger, CPA, MBA

www.wscpa.org

Deanne Marie Butler, CPA, CGMA Yasmin Lyn Caldwell, CPA Linda M Canney Maria T Carrion-Ochoa, CPA, CGMA Rebecca A Cates, CPA Robert A Chace, CPA, ABV Clark’s Accounting Jeffrey M Cordova, CPA Gordon Robert Craig, CPA, CFE, CIA, CISA Jay F Cramer Michael R Cross, CPA John E Currie Stephen G Dashiell, CPA Jacqueline D Davis, CPA Joseph P Deacon, CPA Matthew Ervin DesVoigne, CPA Billie Devore, CPA David L Dierst, CPA Kimberly K Dodd, CPA Kirsten Simpson Duke, CPA, CGMA Thomas N Durrett, CPA Charlotte Rae Fairfield, CPA Randy A Farrell, CPA Leon F Ficker, CPA Daniel W Fisher, CGMA Joseph R Forde, CPA Rick R Foster, CPA Steven C Garber, CPA Maria-Elena Garcia-Zapata, CPA, CGMA, MBA Chris A Gates, CPA, CGMA, CITP Dr Susan Gill Richard N Ginnis, CPA Christopher W Goetz, CPA Donald W Gracia, CPA, MSTax Rick H Graham, CPA Alan L Gray, CPA Bonnie Louise Green, CPA Terry W Greer, CPA, MBA Clarence G Guimond, Jr, CPA, CMA, CFM Ariff Abdulmalik Gulamani, CPA, CGMA, CA Vaughn S Hagen, CPA Michael P Hart, CPA, MPAC Cecile E Haw Alicia Marie Heggerness, CPA M Suzanne Heidema, CPA Jacqueline J Henry, CPA Teresa A Herrin, CPA Esther T Hill, CPA William D Hood, CPA Stephen J Hopps, CPA Loren D Hostek, CPA June E Howard, CPA Charles D Huibregtse, CPA Michael K Hutchinson, CPA Hitoshi Inoue, CPA

Cindy L Isaacson, CPA Kraig Andrew Jones, CPA Mary E Joyce, CPA Deborah J Juntunen Arthur Y Kageyama Michael J Kander, CPA, CIA Osamu Kasuya Raad T Kattula, CPA James D Kim, CPA Kristin L Knopf, CPA, CGMA, MBA, MPAcc Kerry D Konkler, CPA Glenn E Kosai Vildana Kunduklija, CPA Frank J Kuntz, CPA Antonio M Laliberte, JD Carol M LaMotte, CPA Robert L Levine, CPA, PFS Kenneth Cameron Lewis Luellen H Lockwood, CPA, MBA, EA Mark T. Long, CPA, MsTax Deborah Michelle Loober, CPA Jessica J Lustig, CPA John F Lynch, CPA John S Macdonald, CPA Michael J Mansfield, CPA Carrie A Martin, CPA John P Marvin Jeffrey P Maxwell, CPA, JD Lillian L McDonell, CPA, MBA Donald W McHargue Ross D McIvor, CPA James W McKean, CPA Robert Paul McKinley, CPA Tim McNees John P Mead Lisa Ann Michalski Arthur D Miles, CPA Louis H Mills, CPA Bruce I Mitchell, CPA, MBA Donald W Mitchell Patricia G Molnar, CPA Ryan L Munn, CPA Kenshi Nagayoshi, CPA Bea L Nahon, CPA, CGMA Kristine T Nelson, CPA, MPAcc Daniel R Neuharth, CPA Thomas P Nicholas, CPA Terence V O’Keefe Richard N Pahre Stephen Patterson, CPA Rhoda M Pawlak Michael S Peasley, CGMA, MSTax Ronald J Perkins, CPA Hwan Ja Choi Perreault, CPA Jacqueline M Perriella, CPA Jack B Person, CPA Scott Thomas Petersen, CPA Michael J Plymale, CPA

Edward L Raisl, CPA Robert J Rebar, CPA, CGMA Margo Reich, CPA Lonnie Lee Rich, CPA, CFE, FCPA Christopher J Rieke, CPA James J Rigos, CPA, JD, LLM, CMA Michael William Roben, CPA Harvey J Rothschild, III, CPA, MBA Robert W Rubel, CPA James Lee Russell, CPA Susan J Sanders, CPA Thomas P Sawatzki, CPA David D Schelert, CPA Jeffery S Schilling, CPA Sally Sheck Christopher A Sherfey, MBA Jay T Shilhanek, CPA Janis Harkins Simpson, CPA Orphalee Smith, CPA, PFS Russell Joseph Smith, CPA Wakeya Smith Terry D Sodders, CPA Kinam Sohn, CPA Douglas D Springer, CPA, PFS Cathy L St John, CPA William M Stanke Ronald S Stark, CPA, CGMA Dillon S Stearns, CPA Gary Alan Stecher, CPA Donald W Stetson, CPA Elia Brooke Surbert Linda M Teachout, CPA Lenin Thomas, CPA Harold G Thompson, Jr Susan L Thomson-Sines, CPA Ronald L Tilden, CPA Kathleen L Trumbauer, CPA Mark E Ulloa, CPA John M Urrutia, CPA, MSTax Jeffrey M Van Burkleo, MSTax Susanne Wendy Vickerman, CPA, MSTax Richard A Volk, CPA Franz Von Bradsky, MBA Dorothy R Wagsholm, CPA Robert W Wales Seth David Walton, CPA Catherine B Wandell, CPA Linda Barry Ward Dennis O Webb, CPA, MA Cecil R Whitlock, CPA, MSTax, CSEP Gary M Whitsell, CPA, MBA H Thomas Wick Elizabeth Jenkins Widdison Eric J Wikstrom, CPA, CFP Deborah K Winter, CPA, CGMA,MBA Josh Yeyni, CPA,PS Danielle Renee Zlatich, CPA

WashingtonCPA Spring 2017

31

CPAPAC Contributors Firms www.wscpa.org/cpapac

Thanks to the many contributions from WSCPA members, the CPAPAC continues to provide feedback to lawmakers on issues that affect our profession, as well as educate legislators on the crucial role that CPAs play in our economy. We also strive to ensure that the Washington State Board of Accountancy has the ability to stay independent and effective.

Advocacy: By the Numbers

3

0

Bills drafted, passed, and signed since 2015

Advocacy losses during the past 10+ years

82

$95.2K

CPAPAC checks delivered in 2016

Total contributed to legislators in 2016

Advocacy doesnâ&#x20AC;&#x2122;t cost.

It pays.

32

WashingtonCPA Spring 2017

18

WSCPA members serve on the CPAPAC

32

WSCPA members delivered CPAPAC checks in 2016

www.wscpa.org/cpapac

Deloitte Eide Baily LLP EY (Seattle) KPMG Moss AdaLLP Peterson Sullivan LLP PwC LLP Sweeney Conrad PS

Carmen J Aguiar, CPA, PFS, CFP Erika Cecilia Amezquita, CPA, CGMA Curt A Andersen, CPA Laurie Jo Anderson, CPA Gordon P Asheim, CPA Richard F Askew Mary Eileen Baker, MSTax Catherine Ann Banks, CPA Marc G Bateman, CPA Gregory M Beams, CPA Dawn Esther Beck, CPA Michael Phillip Bentley, CPA Robert R Berntson, CPA Robert Charles Best, CPA, JD Carol J Bezy, CPA, MBA, CFFA, CVA Diane Bingaman, CPA Jeffrey J Bogdanovich, CPA,PFS Pat L Bohan, CPA, CGMA,CGFM Sidney H Boles, CPA Adele Brady Bolson, CPA Brady William Borel Susan Borgman Justin A Bourn, CPA Paul W Brandstetter, CPA David A Brown Christine B Brunner, CPA Jonathan Burks, CPA Michael John Bursiek, CPA Deanne Marie Butler, CPA, CGMA Linda M Canney Sesinando N Cantor, CPA, CGMA, MBA Rebecca A Cates, CPA Tarun Chadha Amanda Chang, CPA, MSTax Jennifer Catherine Civitts, CPA John J Clements, CPA Robert M Cole, Jr, CPA, CGMA, MA R Douglas Collier, CPA Jolene G Cox, CPA Gordon Robert Craig, CPA, CFE, CIA, CISA Jay F Cramer Michael R Cross, CPA John E Currie Vicky M Dalton, CPA, CGFM Stephen G Dashiell, CPA Jacqueline D Davis, CPA Joseph P Deacon, CPA Gaston Deysine Thomas G Donaghy, CPA Kirsten Simpson Duke, CPA, CGMA Scott C Eastham, CPA Eric R Ellefsen

www.wscpa.org

Richard Evans Leon F Ficker, CPA Crystal Lynn Finkelstein, CPA Heather L Fitzpatrick, CPA, CGMA Joseph R Forde, CPA Rick R Foster, CPA Chris A Gates, CPA, CGMA, CITP Michael W Gibbs, CPA Eleanor Ewing Gittelman, CPA Christopher W Goetz, CPA Dennis B Goldstein, CPA Brian G Gosline, CPA,JD Edward John Grabowy, CPA Donald W Gracia, CPA, MSTax William J Graham, CPA Richard D Greaves, CPA Bonnie Louise Green, CPA Suzanne Rae Greer Terry W Greer, CPA,MBA Ariff Abdulmalik Gulamani, CPA, CGMA, CA Cecile E Haw M Suzanne Heidema, CPA Jason Heinz Robert W Heller, JD, LLM David Cyril Heselton, CPA Christopher William Hesse, CPA Matthew D Hobbs, CPA John R Hodder, CPA William D Hood, CPA Navzer Rustom Hormazdi, CPA, MSTax, MT Loren D Hostek, CPA June E Howard, CPA Mark Alan Hugh, CPA Christopher J Hugo, CPA, MS Michael K Hutchinson, CPA Hitoshi Inoue, CPA Cindy L Isaacson, CPA Molly Johnson Richard Edward Jones, CPA, CGMA Tracy Jones Brett James Jordan, CPA Mary E Joyce, CPA Arthur Y Kageyama Osamu Kasuya Kelly Anne Keller, CPA James W Keyes, CPA Manfred Krawietz Frank J Kuntz, CPA James R Ladd, CPA, CGMA Antonio M Laliberte, JD Kris Lambright, CPA Oren Mitchell Lang-Furr, CPA Scott M LaPlant, CPA Marvin P Leaf, CPA Jeff E Leary, CPA, CFP Robert L Levine, CPA, PFS James C Littrell, CPA Lucy L Liu, CPA, CGMA Mark T. Long, CPA, MsTax Deborah Michelle Loober, CPA Shayna Elaine Lund, CPA Jessica J Lustig, CPA

www.wscpa.org

John F Lynch, CPA Meredith Mahoney, CPA Elizabeth Deak Masnari, CPA, CISA Mark Robert Mathewson, CPA Andrew J McDirmid, CPA James K McDirmid, CPA Lillian L McDonell, CPA, MBA Ross D McIvor, CPA Robert Paul McKinley, CPA Tim McNees Michael D Meeks, CPA, MSTax Amanda A Miller Chad Christian Miller, CPA David J Miniken, CPA, CGMA, MBA Bruce I Mitchell, CPA, MBA Donald W Mitchell Josh E Mock, CPA Robert Lawrence Moline, CPA Thomas Moore Mark J Morrissette, CPA David A Munko, CPA Bea L Nahon, CPA, CGMA Mark Needham David S Nelson, CPA, CTRS Heather Marie Nelson, CPA Daniel R Neuharth, CPA Thomas P Nicholas, CPA Terence V O’Keefe Douglas M Oord, CPA Konstantine Orfanos, CPA Amanda V O’Rourke, CPA Audrey M Padmos Richard N Pahre Stephen Patterson, CPA Jack B Person, CPA Scott Thomas Petersen, CPA Dahan N Pham, CPA, CMA Michael J Plymale, CPA Rhonda S Powell, CPA Patrick Pugh Edward L Raisl, CPA Robert J Rebar, CPA, CGMA Michael Wickersham Reeves, CPA Margo Reich, CPA Christopher J Rieke, CPA James J Rigos, CPA, JD, LLM, CMA Karl V Roberts Matthew Alan Roetcisoender, CPA Michael Ronan Robert W Rubel, CPA Matthew Allen Rundorff, CPA James Lee Russell, CPA Craig S Ruthford, CPA Abby Mae Sanders, CPA, CFE Susan J Sanders, CPA Thomas P Sawatzki, CPA David D Schelert, CPA Jeffery S Schilling, CPA Keith Andrew Schmidt, CPA Daniel J Schroeder, CPA Christopher C Seel, CPA Jay T Shilhanek, CPA

William A Simer, CPA Tina Loraine Skidmore, CPA Jeremy Lee Skogsbergh, CPA Daniel C Smith, CPA Joseph Paul Smith, CPA, CGMA Kathleen K Smith, CPA Orphalee Smith, CPA,PFS Wakeya Smith Stephen Sommerville, CPA, CA Douglas D Springer, CPA, PFS Ronald S Stark, CPA, CGMA Sidney J Starr, CPA, CFF, DABFA Donald W Stetson, CPA Matthew J Stover, CPA Chris W Strand, CPA, MSTax, PFS Aaron Denison Strong, CPA Scot A Studebaker, CPA Leonard Carl Sweet, CPA, ABV Duy-Linh Ta, CPA Timothy William Tasker, CPA Linda M Teachout, CPA Harold G Thompson, Jr Terry M Thompson, CPA Susan L Thomson-Sines, CPA Ronald L Tilden, CPA Christian Tinder Sean M Torcasi, CPA Kenneth Larry Tracy, CPA David E Trujillo, CPA Mark E Ulloa, CPA Robert A Underhill, CPA, JD Affshin Valji Susanne Wendy Vickerman, CPA, MSTax Richard A Volk, CPA Dorothy R Wagsholm, CPA Robert W Wales Linda Barry Ward Dennis O Webb, CPA, MA Cecil R Whitlock, CPA, MSTax, CSEP H Thomas Wick Cameron John Wiebe Sandra Ashby Wight, CPA Azucena A Wingard Deborah K Winter, CPA, CGMA, MBA Glenn G Wisegarver, CPA, CGMA Dennis Charles Wolff, Jr, CPA Carol Ann Woo, CPA Shari A Wood-Richardson, CPA Cheryl K Woods, CPA, CGMA Robert F Woods, CPA Josh Yeyni, CPA, PS Stephen J Zevenbergen, CPA

Learn more about the Foundation and CPAPAC at www.wscpa.org.

Contributions may be made at any time during the year, or when you renew your Society membership every spring.

WashingtonCPA Spring 2017

33

_ __ __ __ ___ ___ __ __ __ __ __ ___ ___ __ __ __ __ __ ___ ___ __ __ __ __ __ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ _ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ ______ ___ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ __ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ __ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ___ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Ready to be inspired? Register today!

SILVER SPONSORS

Find inspiration from amazing speakers— including two-time NASCAR champion Julie Landauer, learn how to create your path, and find encouragement from fellow CPAs.

PLATINUM SPONSORS

Meydenbauer Center, Bellevue

MAY 19, 2017

Receive practical guidance on crafting your personal image, setting goals, and creating balance in your life.

GOLD SPONSOR

www.wscpa.org

WashingtonCPA Spring 2017

34

Women’s Leadership Summit

F E A R L E S S L E A D E R S H I P

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ ____ ____ _ __ ______ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ____ ____ ____ _____ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ __ ____ _________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _ _ _ __ ______ ___________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___ ___ ___ ____ ____ ____ ____ ____ ___ ___ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ___ ___ ________ ______ _________________ ________ ______________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __________________________ _____ ____________________________________ __________________________________________ _________________ _ _ _ _____ _____ _ _ _____ _____________________________ _________ __________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _____ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ _____ ______ _____ _____ _____ __ _ _ _ _ _ _ _ _____ __________ ____________________________ _________ ____________________ ___________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___ ___ ___ ____ ____ ____ ___ ____ ____ ____ ____ ____ ____ ___ ____ ____ ____ ____ ___ ___ ___ ___ ___ __ ___ _______ ________ _____________________ ________ ______________ ______________________________________________________________________________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ____________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ _ _ _ _____ __________ __________ _________ _____________________________ _________ __________________ ___________________________________________________________________________________________________________________________________________ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ____ ____ ____ ____ ___ ___ ____ ____ ___ __ ___ _______ ________ _______ _______ ______________________ _______ ______________ ______________________________________________________________________________ __ _____________ __________ _________ _________ __________ ____________________________ _________ ____________________ __________________________________________________________________________ ___ ___ ___ ___ ___ ____ ____ ____ ___ ___ ___ ___ ___ ___ ___ ___ __ _____ ____________________ _________ _________ __________ __________ ___________________________ __________ __________________ __________________________________ _ _ _ _ _

Women’s Leadership Summit

Learn more and register at www.wscpa.org/wls17

CPE Digest

Before

you leap...

Be sure you’re prepared with the latest details on these essential topics: Lease Accounting Revenue Recognition Governmental A&A International Tax State Tax Turn the page for CPE on these topics, plus a variety of key updates!

I’m a

CPA

What’s your superpower? www.wscpa.org

www.wscpa.org/store WashingtonCPA Spring 2017

35

Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

Type

EVENTS BY LOCATION WSCPA education and events scheduled for April - July 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/store, you can search by location.

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

Date

CPE Credits

#

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

Location

A&A CS EB Ethics

SUBJECTS The main subject area is listed for each program.

FPS GNP MG PD SK TAX

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

Course

Code

Advanced Business Law for CPAs, 8am-4pm Webcast also available Analytics and Big Data for Accountants, 8am-4pm Webcast also available Essential Wisdom for Trusted Counselors, 11:30-1pm

17ABLTAP

305

405

17WWABLTAP

295

17DAANAP

K2's Advanced Excel, 8am-4pm Webcast also available Technology For CPAs-Don’t Get Left Behind, 8am-4pm Annual Update for Controllers, 8am-4pm Financial Forecasting and Decision Making, 8am-4pm Leases: Mastering the New FASB Requirements, 8am-4pm Revenue Recognition: Mastering the New FASB Requirements, 8am-4pm Webcast also available Annual Update for Compilation and Review Engagements, 8am-4pm Webcast also available Triple Your Memory, Prevent Dementia, and Halve Your Stress, 8am-4pm Webcast also available Time Mastery for CPAs: Over 100 Ways to Maximize Your Productivity and Satisfaction, 8am-4pm Webcast also available Combating Fraud: Turning Vulnerability to Victory Every Day, 8am-4pm

TEC

Subject

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

Ø

Location

Subject

-30

WSCPA

MG

395

-30

Webcast

305

405

-30

WSCPA

17WWDAANAP

295

395

-30

Webcast

17CHBVAP20

35

45

Maggiano’s at Lincoln Square

PD

17ADEAP

305

405

WSCPA

TEC

17WWADEAP

295

395

Webcast

17TECAP

305

405

WSCPA

TEC

17SKSBAP

305

405

-30

WSCPA

MG

17FFMDAP

305

405

-30

WSCPA

MG

17LEASAP

305

405

-30

WSCPA

A&A

17INRRAP

305

405

-30

WSCPA

A&A

17WWINRRAP

295

395

-30

Webcast

17COURAP

305

405

-30

WSCPA

17WWCOURAP

295

395

-30

Webcast

17TYMCMY

305

405

WSCPA

17WWTYMCMY

295

395

Webcast

17TMMY

305

405

WSCPA

17WWTMMY

295

395

Webcast

17CFVVMY

320

420

WSCPA

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Bellevue 4/18

4/19

8

8

4/20

1

4/20

8

4/21

8

4/24

8

4/25

8

4/26

8

4/27

8

4/28

5/8

l S 

8

8 

5/9

8 

5/11

8

 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 Spring 2017

MG

A&A

PD

PD

A&A

Networking event

www.wscpa.org

Register at www.wscpa.org/store or page 45 Date

CPE Credits

# 5/12

8

5/1516

16

5/16

8

5/16

8

5/17

8

5/18

8

5/18

2

l S

5/19

8

 

5/23

8

5/23

8

5/24

8

5/24

8

5/25

8

6/5

8

6/6

8

6/7

8

6/8

8

6/9

8

6/12

8

6/19

4

Course

Code

Location

Subject

Current Developments and Best Practices for Today's CFO, 8am-4pm Webcast also available Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors, 8am-4pm Webcast also available Excel Boot Camp- Two Days of Intensive Excel Training, 8am-4pm Know Your Cost Double Your Profit, 8am-4pm U.S. GAAP: Review for Business & Industry, 8am-4pm Webcast also available Common U.S. GAAP Issues Facing CPAs, 8am-4pm Auditing Defined Contribution Retirement Plans, 8am-4pm Washington Tax Developments with Mark Hugh, 3pm-5pm Women’s Leadership Summit 2017, 8am-5pm

17TCFOMY

320

420

WSCPA

MG

17WWTCFOMY

310

410

Webcast

17ICDADMY

305

405

-30

WSCPA

17WWICDADM

295

395

-30

Webcast

17EBCMY

525

625

WSCPA

TEC

17KYCMY

305

405

WSCPA

A&A

17FASBIMY

305

405

-30

WSCPA

A&A

17WWFASBIM

295

395

-30

WSCPA

17FRUMY

305

405

-30

WSCPA

A&A

17AEMPMY

305

405

-30

WSCPA

A&A

17CHBVMY18

40

45

Maggiano’s at Lincoln Square

TAX

17WLS

315

415

Meydenbauer Center

PD

Preparation, Compilation and Review Standards: The Best Annual Update and Review of the SSARS

by Walter Haig, 8am-4pm Toolkit of Best Practices for Today’s Controller & Financial Manager, 8am-4pm Advanced Controller and CFO Skills, 8am-4pm Preparing Financial Statements for Smll- and Medium Sized Businesses: The Best Annual Update and Review of U.S. GAAP, Tax and Cash Financial Reporting Frameworks by Walter Haig, 8am-4pm Hot Topics in the Financial and Reporting Standards: Topics That all CPAs Should Have a Basic Understanding Of! by Walter Haig, 8am-4pm Webcast also available Annual Update for Preparation, Compilation, and Review Engagements, 8am-4pm Annual Update for Accountants and Auditors, 8am-4pm The Complete Guide to Washington Death Taxation, 8am-4pm Traps and Pitfalls in Estate Planning, 8am-4pm Tax, Financial, and Estate Planning Strategies Under the Trump Administration, 8am-4pm Documenting Your EBP Audit: What You Need to Know, 8am-4pm NEW Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization, 8am-11:3am

17PCRURMY

325

425

WSCPA

A&A

17TKBPMY

305

405

-30

WSCPA

MG

17ACCSMY

305

405

-30

WSCPA

MG

17PFSSMEMY

325

425

WSCPA

A&A

17HOTTPMY

325

425

WSCPA

A&A

17WWHOTTPM

315

415

Webcast

18CORU1

305

405

-30

WSCPA

A&A

18AUAA1

305

405

-30

WSCPA

A&A

18EBXY

305

405

WSCPA

TAX

18TRAP

305

405

WSCPA

TAX

18PSNAJN

305

405

WSCPA

TAX

18EBPD

305

405

WSCPA

A&A

18CL4DATA

189

239

WSCPA

A&A

Type

8

5/15

EDUCATION AND EVENTS

 Non-tech credits |

www.wscpa.org

WSCPA NonAICPA Member Member Member Discount Fee Fee

-30

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

A&A

Networking event

WashingtonCPA Spring 2017

37

Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

NEW Fraud: Recent Findings, Red Flags and Corruption Schemes, 12:30pm-4pm Form 990: Mastering Its Unique Characteristics, 8am-4pm Audits of 401(k) Plans, 8am-4pm Internal Control Best Practices for Small- and Medium-Sized Entities, 8am-4pm Professional Conduct & Ethics – AICPA and Washington Board CPA Regulatory Update – 2017, 8am-11:30am Form 990: Exploring the Form’s Complex Schedules, 8am-4pm Preparation, Compilation and Review Standards: the Best Annual Update and Review of the SSARS by Walter J. Haig, 8am-4pm Preparing Financial Statements for Small – and Medium Sized Businesses: the Best Annual Update and Review of U.S. GAAP, Tax and Cash Financial Reporting Frameworks by Walter J. Haig, 8am-4pm Best Practices for Payroll Taxes and 1099 Issues, 8am-4pm Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies, 8am-4pm Determining How Much Money You Need to Retire, and Tax Ideas and Money Management in Retirement, 8am-4pm Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now, 8am-4pm Comprehensive Guide to Tax Depreciation, Expensing, and Property Transactions, 8am-4pm

18CL4FRAU

189

239

WSCPA

A&A

18EOF9901

305

405

-30

WSCPA

TAX

18AFKP

325

425

-30

WSCPA

A&A

18ICSM

295

395

-30

WSCPA

A&A

18ETJRJN

189

239

WSCPA

Ethics

18F9901JN

305

405

WSCPA

TAX

18PCRUR2

325

425

WSCPA

A&A

18PFSSME2

325

425

WSCPA

A&A

18GPT

305

405

-30

WSCPA

TAX

18CYCT

305

405

-30

WSCPA

TAX

18DRMM

320

420

WSCPA

TAX

18SSRB

320

420

WSCPA

TAX

18TDAP

320

420

WSCPA

TAX

Financial Accounting and Reporting Standards: the Annual Update and Review of GAAP, the Tax and Cash Special Reporting Frameworks, and the AICPA’s Preparation, Compilation, Review and Audit Standards, 8am-4pm

18FARSURJL

590

690

Campbell's Resort

A&A



Governmental Accounting & Auditing Conference 2017, 8am-5pm

17GAACE

360

480

Everett Community College

GNP

1

l S

Section 1031 Exchange Update, 5pm-7pm

17CHBLMY08

30

35

Max Dale’s Restaurant

TAX

2

l S

Value Chain Analysis, 12pm-2pm

17CHOLMY03

40

40

Indian Summer Golf & Country Club

MG

CPE Credits

# 6/19

4

6/19

8

6/22

8

6/23

8

6/26

4

6/27

8

7/18

8

7/19

8

7/20

8

7/21

8

7/24

8

7/25

8

7/26

8

Type

E

-30

Chelan 7/2021

16

Everett 4/2425

16

Mount Vernon 5/8 Olympia 5/3

 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 Spring 2017

Networking event

www.wscpa.org

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

CONFERENCES

2017 Spring Conferences Great topics - phenomenal speakers opportunities too amazing for you to miss!

April 24-25 Governmental A&A Conference May 19

Womenâ&#x20AC;&#x2122;s Leadership Summit

May 22

Washington State Tax Conference

May 23

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

Interested in sponsoring a 2017 conference?

Contact Lois Swenson-Grudt - lswenson-grudt@wscpa.org | (425) 586-1136 webcast available www.wscpa.org

WashingtonCPA Spring 2017

39

Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

Richland 5/8

1

l S

State and Local Tax Update, 12pm-1pm

17CHTCMY08

25

25

Tagaris Winery

TAX

8



Washington State Tax Conference 2017, 18am-5pm Webcast also available

17WSTC2

305

405

WA State Conv. Ctr

TAX

17WWWSTC2

295

395

Webcast

Governmental Accounting & Auditing Conference 2017, 8am-5pm Preparation, Compilation and Review Standards: the Best Annual Update and Review of the SSARS by Walter J. Haig, 8am-4pm Preparing Financial Statements for Small and Medium Sized Businesses: the Best Annual Update and Review of U.S. GAAP, Tax and Cach Financial Reporting Frameworks by Walter J. Haig, 8am-4pm

17GAACS

360

480

NW WA Education Service District 101

GNP

17PCRURM30

325

425

Hampton Inn

A&A

17PFSSMEM3

325

425

Hampton Inn

A&A

Governmental Accounting & Auditing Conference 2017, 8am-5pm Webcast also available

17GAACT

360

480

Pacific Lutheran University

GNP

17WWGAAC

330

450

Webcast

l S

Vancouver Chapter Disruption Tour - FREE to Members!

17CHVNMY09

0

99

Heathman Lodge

SK



International Tax Conference 2017, 8am-5pm

17INTC

305

405

Columbia Winery

TAX

17WBAAP17A

79

109

Webcast

A&A

17WNCAP17A

79

99

Webinar

MG

17WNCAP18A

79

99

Webinar

MG

17WBAAP18A

79

109

Webcast

MG

17WBBAP19A

159

199

Webcast

MG

17WBAAP19A

79

109

Webcast

MG

17WBCAP19A

275

375

Webcast

A&A

17WBCAP19C

275

375

Webcast

GNP

17WNCAP19A

79

99

Webinar

GNP

17WBCAP19B

140

188

Webcast

A&A

Seattle 5/22

Spokane 4/2425

16

5/30

8

5/31

8



Tacoma 4/2425

16



Vancouver 5/9

8

Woodinville 5/23

8

At Your Desk- WebcastsandWebinars 4/17

2

4/17

2

4/18

2

4/18

2

4/19

4

4/19

2

4/19

8

4/19

8

Y

4/19

2

Y

4/19

4

Measuring and Reporting on Sustainability WEBCAST, 9am-11am Nonprofits: Working with or Serving on Nonprofit Boards WEBINAR, 9am-11am 10 Fatal Mistakes to Avoid: Learn from Others' Business Errors WEBINAR, 10am-12pm The CFO's Role in Strategy Development WEBCAST, 10am-2pm AICPA's Financial Forecasting: Planning for Success WEBCAST, 10am-2pm Corporate Finance:Valuing a Business WEBCAST, 10am-2pm GAAP Update WEBCAST, 8:30am-4:30pm Interpreting The Yellow Book WEBCAST, 8:30am-4pm Single Audit Primer and Update WEBINAR, 11am-1pm Small-Business Financial Statements WEBCAST, 8:30am-12pm

 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 Spring 2017

Networking event

www.wscpa.org

Register at www.wscpa.org/store or page 45 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

Location

Subject

AICPA's Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 10am-2pm Practical Guide to Accounting Fraud WEBCAST, 1pm-4:30pm Small GAAP: AICPA Private Company Financial Reporting Standards WEBINAR, 8am-10am Washington CPA Ethics and New Developments 2016 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm What You Need to Know to Audit Government Programs WEBCAST, 8:30am-4pm Accounting Industry Update WEBCAST, 8:30am-4:30pm Captive Insurance: An Effective Financial and Risk Management WEBINAR, 8am-10am Cost Principles for State and Local Governments and Nonprofit Organizations WEBCAST, 8:30am-4pm Washington B&O Tax and New Developments 2016 by Mark Hugh WEBCAST, 8am-12pm Washington Sales Tax and New Developments 2016

by Mark Hugh WEBCAST, 12pm-4pm Accounting and Auditing Update WEBCAST, 8:30am-4:30pm FICA/Self-Employment Tax Exposure: S Corps & Partnerships WEBINAR, 9:30am-11:30am Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 10am-12pm Other Comprehensive Basis of Accounting Fundamentals WEBCAST, 8:30am-4:30pm Systemic Risk – Six Mega-Trends Facing Organizations Today WEBCAST, 11am-1pm AICPA's Controller’s Update: Today’s Latest Trends WEBCAST, 10am-2pm Performance Auditing Essentials WEBINAR, 11am-1pm The CFO's Role in Strategic Cash Management WEBCAST, 11am-1pm The CFO's Role in Strategic Risk Management WEBCAST, 8am-10am Fiduciary Accounting for Estates and Trusts WEBINAR, 9am-11am Frequent Frauds Found in Governments and Not-for-Profits WEBCAST, 8:30am-4pm Multi-Task Role of the CFO/Controller WEBCAST, 8:30am-4pm

17WBBAP20A

159

199

Webcast

MG

17WBCAP20A

140

188

Webcast

A&A

17WNCAP20A

79

99

Webinar

A&A

17WBAAP20A

164

194

Webcast

Ethics

17WBCAP20B

275

375

Webcast

GNP

17WBCAP21B

275

375

Webcast

A&A

17WNCAP21A

79

99

Webinar

TAX

17WBCAP21A

275

375

Webcast

GNP

17WBAAP21A

129

159

Webcast

TAX

17WBAAP21B

129

159

Webcast

TAX

17WBCAP24A

275

375

Webcast

A&A

17WNCAP24A

79

99

Webinar

TAX

17WNCAP25A

79

99

Webinar

TAX

17WBCAP25A

275

375

Webcast

A&A

17WBAAP25A

79

109

Webcast

A&A

17WBBAP26A

159

199

Webcast

MG

17WNCAP26A

79

99

Webinar

A&A

17WBAAP26A

79

109

Webcast

A&A

17WBAAP26B

79

109

Webcast

A&A

17WNCAP27A

79

99

Webinar

A&A

17WBCAP27A

275

375

Webcast

GNP

17WBCAP27B

275

375

Webcast

MG

Type

4/20

4

4/20

4

4/20

2

4/20

4

E

4/20

8

Y

4/21

8

4/21

2

4/21

8

4/21

4

4/21

4

4/24

8

4/24

2

4/25

2

4/25

8

4/25

2

4/26

4.5

4/26

2

4/26

2

4/26

2

4/27

2

4/27

8

4/27

8

Y

Y

 Non-tech credits |

www.wscpa.org

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

Networking event

WashingtonCPA Spring 2017

41

Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

# 4/28

2

4/28

2

4/29

8

5/1

4

5/1

2

5/1

2

5/2

8

5/2

2

5/2

2

5/3

2

5/3

8

5/3

2

5/3

2

5/4

2

5/5

2

5/5

2

5/8

2

5/8

8

5/8

2

5/8

2

5/9

2

5/9

2

Course

Code

Cash Management Strategies WEBCAST, 9am-11am Critical Thinking Skills for Finance and Accounting Professionals WEBINAR, 9am-11am Financial Planning for the Big Picture SATURDAY WEBCAST, 7am-3pm Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization WEBCAST, 7:30am-11:30am Financial Accounting for Related Party Transactions WEBINAR, 12:30pm - 2:30pm Real Estate Professionals and Passive Activity: When to They Exist and How to Report Them WEBINAR, 10am-2pm Financial Planning for the Big Picture WEBCAST, 8am-4pm Sales Tricks to Fool CFOs and Auditors WEBINAR, 9am-11am What CPAs Need to Know about Elder Fraud to Protect Themselves and Clients WEBINAR, 1pm-3pm Corporate Finance:Valuing a Business WEBCAST, 10am-2pm CSI RETIREMENT Crime Scene Investigation WEBCAST, 7am-3pm Microsoft PowerBI - Introduction to Data Analysis in Excel WEBINAR, 10:30am-12:30pm Self-Rental Passive Activity: When Does it Exist and How Do You Report It WEBINAR, 11am-1pm Passive Activity Rules and the Net Investment Income Tax WEBINAR, 11am-1pm Cybersecurity Series - Using the Internet Safely & Securely WEBINAR, 10am-2pm The Finance Team of Tomorrow: Reinventing the Finance Role WEBINAR, 9am-11am 10 Commonly Missed Analytical Procedures WEBINAR, 11am-1pm Accounting for Deferred Income Taxes WEBCAST, 7:30am-3:30pm Fake Confirmations, Reports, and Opinions: Detection and Solutions WEBINAR, 1pm-3pm Revenue Recognition—10 Risks NOT in the New Standard WEBINAR, 8am-10am Cybersecurity Series - Email Threats and Protection WEBINAR, 12pm-2pm Generations at Work: Finding Common Ground WEBCAST, 8am-10am

17WBAAP28A

79



17WNCAP28A

 Non-tech credits |

42

Location

Subject

109

Webcast

MG

79

99

Webinar

PD

17WBAAP29A

195

245

Webcast

MG

17WBBMY01A

159

199

Webcast

TEC

17WNCMY01A

79

99

Webinar

A&A

17WNCMY01B

79

99

Webinar

TAX

17WBAMY02A

195

245

Webcast

MG

17WNCMY02A

79

99

Webinar

A&A

17WNCMY02B

79

99

Webinar

A&A

17WBAMY03B

79

109

Webcast

MG

17WBAMY03A

195

245

Webcast

FPS

17WNCMY03B

79

99

Webinar

TEC

17WNCMY03A

79

99

Webinar

TAX

17WNCMY04A

79

99

Webinar

TAX

17WNCMY05B

79

99

Webinar

TEC

17WNCMY05A

79

99

Webinar

MG

17WNCMY08A

79

99

Webinar

A&A

17WBBMY08A

249

319

Webcast

A&A

17WNCMY08B

79

99

Webinar

A&A

17WNCMY08C

79

99

Webinar

A&A

17WNCMY09B

79

99

Webinar

TEC

17WBAMY09A

79

109

Webcast

MG

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

WashingtonCPA Spring 2017

Networking event

www.wscpa.org

Register at www.wscpa.org/store or page 45 Date

CPE Credits

# 5/9

2

5/9

4

5/10

2

5/10

2

5/11

2

5/11

2

5/11

2

5/12

2

5/12

2

5/12

8

5/12

2

5/15

2

5/15

2

5/15

2

5/16

2

5/16

2

5/16

2

5/17

2

5/17

2

5/17

4

5/18

2

5/18

2

EDUCATION AND EVENTS

Course

Code

Location

Subject

Healthcare Update: 10 NEW Risks to CPAs and Controllers WEBINAR, 10am-12pm Risk, Cost, and Cash Management for Controllers and Financial Managers WEBCAST, 10am-2pm Microsoft PowerBI - Introduction to Data Analysis in Excel WEBINAR, 11am-1pm Payments Fraud: Detect & Prevent Check, ACH and P-Card Schemes WEBINAR, 10am-12pm Real Estate Tax Update: Key Changes for Investors and Owners WEBINAR, 10:30am-12:30pm Supplier Audits to Protect Your Bottom Line WEBINAR, 1pm-3pm Systemic Risk – Six Mega-Trends Facing Organizations Today WEBCAST, 11am-1pm Audit Methodologies and Documentation WEBINAR, 12pm-2pm Google Big Data and Forecasting Tools for Accountants WEBINAR, 10am-12pm Practical Solutions for Federal Grants Compliance: A Comprehensive Look at the New Uniform Guidance WEBCAST, 7am-3pm Use Critical Thinking Skills to Boost Your Impact WEBCAST, 10am-12pm Fiduciary Accounting for Estates and Trust WEBINAR, 10am-12pm Galvanizing, Enabling, and Measuring Innovation WEBCAST, 10am-2pm Non-Profit Update: 10 A&A Risks for Controllers and Auditors WEBINAR, 11am-1pm Cybersecurity Series - Protecting Your PC & Mobile Devices WEBINAR, 1:30pm-3:30pm Government Fraud & Abuse: How Reporters Find It Before Auditors WEBINAR, 2pm-4pm Risk Analysis and Management WEBCAST, 8am-10am Cloud Accounting Review Series - Systems Overview WEBINAR, 2pm-4pm Detecting and Preventing T&E Fraud WEBINAR, 10am-12pm Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls WEBCAST, 10am-2pm Cash Management Strategies WEBCAST, 10am-2pm Corporate Finance:Valuing a Business WEBCAST, 11am-1pm

17WNCMY09A

79

99

Webinar

A&A

17WBBMY09A

159

199

Webcast

MG

17WNCMY10B

79

99

Webinar

TEC

17WNCMY10A

79

99

Webinar

A&A

17WNCMY11A

79

99

Webinar

TAX

17WNCMY11B

79

99

Webinar

A&A

17WBAMY11A

79

109

Webcast

A&A

17WNCMY12A

79

99

Webinar

A&A

17WNCMY12B

79

99

Webinar

TEC

17WBAMY12A

195

245

Webcast

GNP

17WBAMY12B

79

109

Webcast

PD

17WNCMY15A

79

99

Webinar

A&A

17WBAMY15A

79

109

Webcast

MG

17WNCMY15B

79

99

Webinar

GNP

17WNCMY16B

79

99

Webinar

TEC

17WNCMY16A

79

99

Webinar

GNP

17WBAMY16A

79

109

Webcast

A&A

17WNCMY17B

79

99

Webinar

TEC

17WNCMY17A

79

99

Webinar

A&A

17WBBMY17A

159

199

Webcast

A&A

17WBAMY18A

79

109

Webcast

MG

17WBAMY18B

79

109

Webcast

MG

Type

Y



Y

Y

 Non-tech credits |

www.wscpa.org

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

Networking event

WashingtonCPA Spring 2017

43

Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

# 5/18

2

5/18

2

5/18

4

5/19

2

5/22

2

5/22

2

5/23

8

5/23

2

5/23

2

5/23

2

5/24

2

5/24

2

5/25

4

5/25

2

5/25

2

5/30

2

5/30

2

5/30

2

5/31

2

5/31

2

Course

Code

Tax Depreciation: Current Developments and Update WEBINAR, 10am-12pm The CFO: 5 Critical Skills to Maximize Profits WEBINAR, 11am-1pm The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them WEBCAST, 10am-2pm What You Need to Know to Audit Government Programs WEBINAR, 11am-1pm Cybersecurity Series - What CEOs and Partners Should Know WEBINAR, 1pm-3pm Government Update: 10 New A&A Risks for CPAs WEBINAR, 8am-10am Financial Planning for the Big Picture WEBCAST, 2:00pm - 10:00pm Partnership Investments - How to Calculate the Owner's Basis WEBINAR, 2pm-4pm S Corporations: How to Calculate the Owner's Basis in S Corporation Stock WEBINAR, 8am-10am Taking the Financial Executive’s Leadership to the Next Level WEBCAST, 3pm-5pm Fraud Update: 10 New A & A Risks for CPAs WEBINAR, 3pm-5pm Generations at Work: Finding Common Ground WEBCAST, 10am-2pm Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More WEBCAST, 10am-2pm The GAO’s Green Book: Internal Controls WEBINAR, 11am-1pm Yellow Book Standards for Performance Auditors WEBINAR, 8am-10am Detecting and Preventing Accounts Payable Fraud WEBINAR, 11am-1pm Guide to Email, Record Retention, Destruction WEBINAR, 8am-10am The CFO's Role in Strategic Cash Management WEBCAST, 10am-2pm Cybersecurity Series - Protecting Your PC & Mobile Devices WEBINAR, 10am-2pm Procure-to-Pay Fraud: Detection and Prevention Best Practice WEBINAR, 3pm-5pm

17WNCMY18A

79

17WNCMY18B

Y

Y



Y

 Non-tech credits |

44

Location

Subject

99

Webinar

TAX

79

99

Webinar

MG

17WBBMY18A

159

199

Webcast

A&A

17WNCMY19A

79

99

Webinar

GNP

17WNCMY22A

79

99

Webinar

TEC

17WNCMY22B

79

99

Webinar

GNP

17WBAMY23A

195

245

Webcast

MG

17WNCMY23A

79

99

Webinar

TAX

17WNCMY23B

79

99

Webinar

TAX

17WBAMY23B

79

109

Webcast

PD

17WNCMY24A

79

99

Webinar

A&A

17WBAMY24A

79

109

Webcast

MG

17WBBMY25A

159

199

Webcast

MG

17WNCMY25A

79

99

Webinar

A&A

17WNCMY25B

79

99

Webinar

GNP

17WNCMY30A

79

99

Webinar

A&A

17WNCMY30B

79

99

Webinar

TEC

17WBAMY30A

79

109

Webcast

A&A

17WNCMY31A

79

99

Webinar

TEC

17WNCMY31B

79

99

Webinar

A&A

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

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

WashingtonCPA Spring 2017

Networking event

www.wscpa.org

Register at www.wscpa.org/store

REGISTRATION

Register online with credit card at www.wscpa.org/store 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/store or call (425) 644-4800.

2

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

WashingtonCPA Spring 2017

45

CLASSIFIED ADS Detailed advertising information is available online at www.wscpa.org under More. Ads are $1 per word, with a $50 minimum fee. Active e-mail and web site addresses are included. Ads are placed on the website for 60 days when received and in the next magazine when received by the deadline, June 1 for the summer 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 South King County Tax Practice for Sale.

Private Practice Transitions is assisting a client, located in South 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 200 tax returns each year for both business and individual clients. While tax return preparation accounts for about 85% of the firm’s business, 15% comes from other consulting and bookkeeping services. The firm is located in a growing location, employs two staff, is truly turn-key, and is positioned for substantial growth! If you are interested in exploring this opportunity, or to learn more, email “South KingTax & Accounting Practice” to info@privatepracticetransitions.com or call today!

Contact Information:Farmer,Justin D.(425)785-2453.

Looking to Acquire Accounting & Tax Practice. Established CPA firm is looking to acquire an

accounting and tax practice in Eastside or Seattle.

Partial purchase of accounting clients is also a possibility.To contact us, please email cpafirm.seattle@ gmail.com.

Contact Us to Sell Your Tax or Accounting Practice! Private Practice Transitions can help you realize an amazing return on your investment!

We have several buyers in the Greater Seattle Area who are looking to purchase now, are approved for financing,and/or have cash-in-hand.Contact Justin D. Farmer @ 425.785.2453 to learn more!

Looking to find a CPA to transition clients to? With 19 years of experience, I am looking to expand. I’ve been running my own tax and assurance practice for eight years and am looking for likeminded CPAs who are ready to start working less, or full retirement. Call me 206.508.7775, Ryan rkidd@ijmryan.com.

Considering Selling Your Practice? Consider all your options. We do the work. Confidential.

We have buyers actively seeking practices. Call Mark Hause at (877) 345-7722 or visit our website at www.accountingpracticesales.com. Accounting Practice Sales.We make dreams happen!

IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm. We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

OFFICE SPACE North Seattle/Northgate Office Space Office space available in updated professional center.

Available 600 sf to 900 sf, with full-length windows overlooking greenbelt. Nice décor, bright, fully built, near I-5, Northgate Mall & Transit Center. Excellent location for a main office or sub-office. Convenient parking. Best rate and move-in incentive. Call 206660-4965 for showing or email to changsuej@ hotmail.com.

Bellevue Office Space Offices available for sublease or licensing agreement just outside of downtown.Numerous furnished or non-furnished offices available to CPA or other professional. Includes reception,shared amenities,kitchen,complimentary use of conference room, individual storage, wi-fi and parking. Onsite advisory practice may also be a source of clientele to potential CPA or professional.

Contact: Ryan Simonson Ryan via e-mail, Ryans@ heliumtax.com, (425) 209-0659.

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.

BirdNote - new Northwest Girlchoir Helping Link Third Place Commons - new Washington Coalition for Gifted Education

is pleased to announce successful completion of litigation support re PRIVATE EQUITY INVESTORS v.

MID-SIZED CPA FIRM Testifying expert for defense counsel in connection with damages alleged of approximately $10 million from loan and equity losses purportedly caused by CPA firm’s violations of the “standard of care” in connection with the preparation of partnership income tax returns. Analyzed tax workpapers, compared the standard of care required in tax engagements to the procedures performed by the CPA firm, analyzed potential damages, identified significant offsets to potential damages and identified amounts improperly claimed as damages. Prepared mediation report, trial exhibits and assisted in trial preparation and settlement conferences.

William N. Holmes, CPA, CFE Forensic Accounting | Economic Damages | Commercial Litigation Full Service Public Accounting | Accounting and Tax Malpractice Litigation (Plaintiff / Defense) Board of Accountancy Investigations 7128 SW Gonzaga Street, Suite 100 | Portland, OR 97223 | 503.270.5400 | www.pdxcpas.com

46

WashingtonCPA Spring 2017

www.wscpa.org

CLASSIFIED ADS PRACTICES FOR SALE

Contact Mark Hause at Accounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call (877) 345-7722 for more information on the following practices: (WA 1113) East King County-Snoqualmie ValleyArea:This CPA practice is write up based with great opportunity for growth in providing professional services in the traditional area of tax preparation and consulting. The firm revenue stream is 12% tax and 88% write up. With the write up side covered by long-term employees who have and maintain excellent relationships with the clients, the transition to the new owner will be easy.The growth potential of this practice lies in growing the tax practice with the write up business in place for year round revenues.

Any business minded accountant looking to get into ownership or an expansion minded firm has a readymade opportunity.

(WA 1112) Renton:This well-established Enrolled Agent practice is for sale.The firm is a tax practice with only a minimal amount ($2,000) of write up services.

The client base is centered on individual returns but does include many business returns as well. The fee structure is excellent reflecting a client base with income levels who require qualified professional services to solve their tax problems. This profitable practice, (77% Net Cash Flow) and available for immediate possession, is an ideal opportunity for an experienced tax professional who seeks a challenge and the commensurate financial reward.

SOLD – (WA 1111) Tacoma/Lakewood Area: This well established Enrolled Agent practice has been providing tax and accounting services for over 20 years.The firm has a solid base of clients, in some instances multiple generations, made stronger by the excellent service rendered by the owner. The firm is a tax and write up practice with 58% of revenues coming from tax and 37% from write up.The balance is consulting services to these same clients.The practice has an excellent location that provides easy access for clients and good exposure for new clients. This firm is a turnkey operation perfect for any number of buyers looking for a quality tax and accounting practice coupled with a Seller willing to consider all options in the sale.

SOLD

(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: This long-term CPA practice is for sale.The firm provides quality tax services to

www.wscpa.org

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.

(WA 1108) Centralia/Chehalis Area: This well balance CPA firm that has been providing professional services for a number of years is for sale.The practice has excellent balance with the workload being split between income and write-up services and revenues occurring throughout the year and not just tax season. The firm enjoys an excellent reputation in the community and receives referrals from other professional service groups in the community. The practice’s qualities are combined with an excellent staff that offers support and continuity for the new owner in transitioning the clients.To assist buyers, the Seller will consider financing the sale of the practice with Buyers who have excellent credit, collateral and a substantial down payment.

(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.

SOLD – (WA 1106)Vancouver: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.

SOLD

(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 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.

SOLD – (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.

SOLD

SOLD – (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.

SOLD

SOLD – (WA 1101) Bellingham/FerndaleWhatcom 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.

SOLD

SOLD – (WA 1092) Kittitas County EA Tax Practice for Sale: This well-established Enrolled Agent practice with remarkable balance in professional fees is for sale.The firm has two great books of business with tax and write-up revenues being approximately equal and a small amount of consulting making up the balance. The revenue stream provides great balance and great cash flow through the year.The firm also has great momentum with revenue increasing in double digits for the last two years.This firm fits a number of buyers who are looking for an opportunity to enjoy the fruits of their labor.

SOLD

WashingtonCPA Spring 2017

47

Periodicals postage paid at Bellevue WA and additional mailing offices

Your Profession. Your Future. Your Advocate.

CLEAR

AREA

THANK YOU FOR YOUR MEMBERSHIP

I’m a

CPA

What’s your superpower?

Your WSCPA membership is up for renewal!

Renew your membership by June 1 for a chance to win one of four $300 Amazon™ gift cards.

New member benefit coming fall 2017: Free CPE!

Renew now! www.wscpa.org/renew