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CPA News October/November 2009

In this Issue:

·                     Chapter News

·                     Chapter Calendar

·                     Job Openings

·                     CPE

·                     TSCPA News

 

CHAPTER NEWS

 

Jodi Jones on television!

In December, our chapter member, Jodi Jones, will be on local television station KBTX to talk about tax planning. She will educate the viewers with the advantages of year-end tax planning.

 

Tracy Stewart – TSCPA Treasurer-Elect Nominee

Our chapter member, Tracy Stewart, has been nominated for Treasurer-Elect for the 2010-2011 year. Tracy has served as our chapter president and newsletter editor. She has served twice on the TSCPA Executive Board. Congratulations, Tracy! For the complete slate of nominees, go to http://www.tscpa.org/about/leadership/Nominations/Nuofficer1011.asp?u6625vq=EGJGMD&u662500nzr=&u6625s0nzr=Yv0qn&u6625y0nzr=W1u0510&u6625oqn6r=E/ED/EMHL&u66250nzr=Yv0qn%20a.%20W1u0510,%20PcN  (you’ll have to log in with your member info)  Some of you will remember that the Chairman-elect nominee got her start in a Bryan firm!

 

Local Chapter Leadership Nominations

On the local scene, our Chapter is forming our Nominations Committee. This committee will identify and nominate members for officer and committee chair nominations. If you are interested in participating in our chapter leadership or want to suggest a member for a position, please contact Linda Johnson at Linda@bvcpa.org or phone 936-435-9989. This is an opportunity to polish and practice your leadership skills. Members who participate in TSCPA leadership testify that it makes a big, positive difference in their careers.

 

Help Spread Financial Literacy in the Brazos Valley

Junior Achievement is looking for volunteers.  This a great opportunity for local CPA’s to help educate young people about business, economics, and free enterprise in the elementary schools of Bryan and College Station.  Junior Achievement provides training, supplies the materials and assigns the volunteer to his/her very own classroom.  You visit the classroom once a week for five weeks to present the lessons.  Each lesson takes about 45 minutes.  They need volunteers for the fall and spring semesters.  Our chapter would like to put a group of volunteers together.  If you are interested and would like to learn more please email Lyn Kuciemba at lyn@tdccpa.com or call 979-260-9696.

 

MASTER TAX GUIDES

Brazos Valley Chapter will have a limited number of 2010 CCH Master Tax Guides available.  Place your order today.  The price is $52, including sales tax.  (Add $4 per book for shipping, if required). Contact Linda Johnson to reserve your copy:  Linda@bvcpa.org or phone 936-435-9989

 

WEB SITE CPA Referrals

Is your firm information listed on the Brazos Valley Chapter website – www.bvcpa.org ?  If not, contact Linda Johnson to have it included.  If so, is it correct?

 

Chapter Calendar

Youth to Career Fair

Sponsored by the Bryan/College Station Chamber of Commerce at the Brazos County Expo Complex on November 4, 2008 from 9:00am to 2:30 pm, the Career Fair provides information to area eighth-graders. We are looking for a few volunteers to participate in this enjoyable event for two-hour shifts. Please contact Verna Smith vsmith@rf-mail.tamu.edu or Linda Johnson at Linda@bvcpa.org

 

Save the Date!!  December 8 – Holiday Luncheon

Brazos Valley Chapter Holiday Luncheon will be held on December 8, 11:45 to 1:30, at The Kyle House in Bryan. Cost is $25 for chapter members, $30 for non-member guests.  Bring a food item for the “Food for Families” food drive.  Make your reservation by contacting Linda Johnson at Linda@bvcpa.org or phone 936-435-9989.

 

Community Service Opportunity

December 9 is the “Food for Families” food drive sponsored by KBTX at the Brazos Center.  Brazos Valley CPAs have the 8:00-9:00 a.m. shift to help sort donations.  It’s a great time of service-fellowship!  Share your blessings!  Contact Joe Dunn (joendunn@gmail.com ) or Linda Johnson (Linda@bvcpa.org or 936-435-9989) to volunteer.

 

Job Opportunities

Finance Director

United Way of the Brazos Valley seeks Finance Director with a head for accounting and a heart for the community. Must have a strong accounting background, and understanding of accounting software, preferably Peachtree. Bachelor's degree required, CPA preferred. Contact jobs@uwbv.org with resume and cover letter if interested. All inquiries will be held in confidence.

United Way of the Brazos Valley is an equal opportunity employer offering a fun work environment and competitive benefits.

Controller

Controller wanted for downtown Bryan fast-paced, growing law firm and software company. Minimum requirements include completion of a Bachelors Degree in Accounting with three to five years related work experience and an intimate working knowledge of accounting based software. C.P.A. certification considered a plus. Candidate must be able to top work unsupervised and keep books for a multiple set of companies in a fast paced environment.  Individuals with high core values of integrity and work ethic only apply.   

 

Chapter CPE

 

Our Chapter CPE in November 2009 will be presented by David W. Holt, CPA, CFE at the College Station Conference Center

David Holt, CPA, CFE, has been recognized by the American Institute of Certified Public Accountants (AICPA) as an Outstanding Discussion Leader for the State of Texas. He has more than 25 years experience in public accounting and has taught continuing professional education (CPE) seminars since 1988.

David has authored more than a dozen CPE topics and was a contributing author of the Practitioners Publishing Company (PPC) “Guide to Preparing Governmental Financial Statements”. He is also a former faculty member of the Association of Certified Fraud Examiners.

In addition to teaching more than 60 seminars a year, David provides audit, accounting, and fraud consultations for CPA firms, corporations, governments, and nonprofit organizations.

All courses consist of the following:

·         Live instruction format, based on the provided course material

·          No prerequisites or advanced preparation required

·         Intermediate or update level content

 

November 19, 2009  8:30 a.m. – 12:00 p.m. 

Nonprofit Organizations Update (2008/2009) 4-hour CPE

Fees:   Member or non-CPA staff of member - $125; non-member $150

OR  Full day Member/non-CPA staff - $225;  non-member $285

 

This seminar will take a look at some of the more challenging new issues that must be addressed by directors, management, accountants, and auditors of Nonprofit Organizations (NPOs). We will consider accounting, auditing & internal control matters that are unique to the NPO environment.  We will also discuss practical & effective ways to resolve “problems” experienced by entities with “limited resources”.  

 

Learning objectives include a basic understanding (overview) of:

*       Recently-issued accounting (FASB) & auditing (AICPA) standards and the expected implications for NPOs

*       Difficulties & changes necessary in response to internal control deficiencies (SAS 112) and the “more rigorous” Risk Assessment Audits (SAS 104 - 111)

*       New guidance for internal control improvements for Board members & management of NPOs

*       A brief review of the most recently-issued OMB A-133 Compliance Supplement

 

November 19, 2009 1:00 – 4:30 p.m.

Compilations & Reviews (Updated for 2009) 4-hour CPE

 Fees:   Member or non-CPA staff of member - $125;  Non-member $150

OR Full day Member/non-CPA staff - $225;  Non-member $285

 

*       Cover all the basic AICPA performance & reporting requirements (SSARS)

*       Discuss new SSARS # 15 & 16 & 17

*       Practical guidance on independence & ethics (including all existing & proposed AICPA rules & interpretations)

*       Learning objectives: review “old” & “new” SSARS necessary to perform compilations & reviews; discuss practical engagement implementation & reporting “problems”

 

November 20, 2009 – 8:30 a.m. – 4:30 p.m.

(PRA) Performing Risk Assessment Audits for Small Businesses & Nonprofits (New for 2008/2009) 8-hour CPE

Fees:   Member or non-CPA staff of member - $225; non-member $285 (Lunch provided)

 

This session will help you improve your efficiency & effectiveness for smaller audit clients, with “limited” accounting personnel & “simple” internal controls.

  

Learning objectives include: 

How to document SAS (AICPA) compliance, without using complex or inefficient "programs" (Example memos are included in course material)

*       Understanding the risk assessment audit “mindset”, in contrast to the former “cookie cutter” & “canned audit program” audit approach

*       Using “real world” audit case studies to demonstrate “how to do it right” (compared to “how we used to do it”)

*       Considering how to identify “significant” accounts & transactions & how to audit “significant” assertions (for those accounts & transactions)

***************************

Our Chapter CPE in January 2010 will be presented by Steven J. Tillinger, CP at the College Station Conference Center

 

January 11, 2010 – 8:30 a.m. – 4:30 p.m.

Federal Income Tax Update 8-hour CPE

Fees:   Member or non-CPA staff of member - $225; non-member $285 (Lunch provided)

Instructor:  Steven J. Tillinger, CPA

Whether you are a generalist or a tax specialist, you will take away valuable information and insights from this eight-hour program. The course will bring you up-to-date on current issues in federal income taxation affecting individuals and small business owners with emphasis on comprehensive coverage and analysis of 2009 tax law; analysis, updates and new developments of 2008 and earlier tax law; important court cases; Treasury income tax regulations; and IRS revenue rulings and procedures.

Your Instructor Will Address the Hot Topics of 2009

*MAJOR DEVELOPMENT – Tax Return Preparer Penalty (we may have celebrated too soon; the more-likely-than not standard is back!)
*MAJOR DEVELOPMENT – IRS makes plans to regulate tax return preparers and Congress may not be far behind; and OPR plans monetary penalties!  Get details here
*2009 TAX LAW – The AMERICAN RECOVERY & REINVESTMENT ACT  – significant temporary changes that affect individuals and businesses
*2008 TAX LAW – The WORKER, RETIREE, & EMPLOYER RECOVERY ACT, the FINANCIAL MARKETS RESCUE ACT, the FARM ACT, the ECONOMIC STIMULUS ACT – important updates that affect individuals and businesses
*PLANNING — Temporary Provisions.  As Congress continues to enact an ever-increasing number of temporary provisions, tax planning becomes more complex.  Will Congress legislate PayGo and how the Tax Gap affects you
*IMPORTANT UPDATES AND NEW DEVELOPMENTS —  covering 2008 and earlier tax law
*IMPORTANT court cases; Treasury income tax regulations; and IRS revenue rulings & procedures

*IMPORTANT — new business entity - the Texas Series LLC
*NEW DEVELOPMENTS — affecting partnerships and LLCs, C and S corporations
*OF CONTINUING INTEREST — AMT issues and more

Learning Objective(s):
• to update the tax practitioner on recent developments in federal income taxation
• to recognize planning opportunities due to changes in federal income tax law
• to prepare the tax practitioner for discussions with clients on important changes in tax law
• to help the tax practitioner understand their reporting responsibilities

The course is a group, live format, with no prerequisites

 

TSCPA Local CPE

 

ACPEN Satellite Broadcast

October 21, 2009                       Partnerships & LLCs Update

November 18, 2009                    Business Fraud and Internal Controls Management

 

9 a.m. - 5 p.m. at KAMU-TV/FM Studio on Texas A&M campus at Houston & Russell St.

$195 for members and $320 for non-members

 

To register and/or for additional information, log on to TSCPA www.tscpa.org/cpe/satellite/default.asp, click specific course description above, or phone the CPE InfoLine 800-428-0272 Monday - Friday from 8 am to 5 pm

 

Park in garage at Koldus building (not included in the cost)

 

To be an Onsite Coordinator and receive a refund for 50% of the course fee, contact Linda Johnson at 936-435- 9989 or Linda@bvcpa.org. Duties include taking care of a sign-in sheet, giving out the handouts, collecting evaluation forms, handing out certificates, and mailing evaluations to TSCPA.

 

 

FROM TSCPA

 

TO FRIENDS OF BILL WILSON IN BRYAN/COLLEGE STATION

WE NEED YOUR HELP

 

The State Board has asked the Society to befriend a number of CPA candidates at A&M and the College Station area.

Please contact John B. at his office (972-644-9614 Ext 11 or jgbeall@johnbeallcpa.com)

for details.

 

This is a 12th Man doing a 12th step.

 

 

 

Member Recruitment Campaign – Be a Superhero!

You can be a SUPERHERO by recruiting new TSCPA members! And, by employing your super powers, you can also help win the Chapter Challenge. Watch your weekly e-Viewpoint or go to the website at tscpa.org to get more information.

 

Switching Gears Mid-Career?

Thanks to their skills and breadth of work experience, CPAs are well-equipped to move fluidly between the worlds of business/industry, government, and public practice. However, it always helps to have a resource to navigate the ins and outs of a new niche. TSCPA members have an ever-growing choice of online communities in which to make their new home. At the website homepage (tscpa.org/), mouse over the Resource Center button along the horizontal menu and click Public Practice Center, Business/Industry Center and/or Member Communities to explore.

 

Raising the Profession’s Profile in Your Community

Autumn is a great time for individual CPAs and their employers and firms to promote the profession in their communities. Here are five ways that you can boost the profession’s profile in your community and make a difference where you live:

1.   Donate goods or services as a silent auction item for a local school’s annual fundraising effort.

2.   Speak to a group of students about the opportunities available to them when they choose a career in accounting.

3.   Participate in the “Adopt-a-Highway” program, and do your part to keep Texas beautiful.

4.   Sponsor a youth football team.

5.   Purchase children’s books or school supplies for a school serving an economically disadvantaged neighborhood or community.

Membership Recruitment

It’s a bird, it’s a plane…it’s a super chapter challenge! Your chapter has an opportunity to win recognition and a fun challenge prize during the 2009 campaign. And, you can help TSCPA spread the word about membership in a social media blitz. Members who share the message and new members who join using a special promotional code will be entered in prize drawings for some SUPER prizes. Visit the website for more details about welcoming new heroes to our Super League of Colleagues. http://www.tscpa.org/general/Membership/Recruit2009.asp

Practice Management Institute

TSCPA is devoted to helping Texas CPA firms address their most pressing practice management issues. One of the foremost of those issues is succession planning.

TSCPA has a special arrangement with the Succession Institute for TSCPA members only. Members get access to a free course on succession planning, as well as a substantial discount on a variety of other practice management CPE courses. Go to the Texas Society’s Practice Management Institute and enter Customer ID code “TXCPA” when registering.

Financial Literacy

Do you enjoy speaking about personal finance and small business topics? If so, sign up for TSCPA’s speakers bureau. TSCPA is looking for CPAs to speak at community and civic programs and to the media. There are talking points, speeches and PowerPoint presentations to make each speaking opportunity as easy as possible. The speakers’ bureau is one way for CPAs to become involved in TSCPA’s ongoing 360 Degrees of Financial Literacy effort. To volunteer, contact Avery Roth. (E-mail aroth@tscpa.net; phone 800-428-0272, ext. 688, or 972-687-8688.) 

Build Your Network

You can build a network of other CPAs from around the state by serving on a TSCPA committee. Dec. 11 is the deadline to volunteer for the 2010-2011 service year. Study the list of available committees in the Volunteer member community http://www.tscpa.org/resource/membercommunities/volunteer/index.asp, accessible through the Resources section of the TSCPA Web site (tscpa.org). Then click the Volunteer Today link to sign up.

 

BRAZOS VALLEY CHAPTER TSCPA

Executive Director, Linda Johnson

phone 936-435-9989   fax 936-435-9915

558 Elkins Lake, Huntsville, TX 77340
Linda@bvcpa.org

 

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