The WashingtonCPA November/December 2010

November/December 2010 Volume 53, Number 3

2016 Does Your Technology Measure Up?

Changes are Coming to the CPA Exam

www.wscpa.org

14 Invest in the Future of Accounting in Washington

washington

CPA

Business Continuity

3www.wscpa.org WashingtonCPA November/December 2010

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BOARD OF DIRECTORS James R. Ladd Chair Mark A. Hugh Vice Chair David E. Katri Secretary Mary D. Marino Treasurer Carmen J. Aguiar Immediate Past Chair Richard E. Jones President & CEO

Robert M. Cole, Jr. Russell D. Price Jolene G. Cox Thomas A. Pucci Peter E. Doubleday Lisa J. Sunderman Joyce G. Etheridge David E. Trujillo Michelle H. Gretsch Randy L. Wells Susan E. Legel William L. Wells Lucy L. Liu Glenn G. Wisegarver Nerelys M. Ortiz

CHAPTER BOARD CHAIRS Bryce Hansen Bellevue Area

Joseph Crowther Central Joseph M. Reid Central — North Seattle Richard E. Helke, II Northwest Vicki Dixon Olympia — Peninsula — Pierce County Amanda J. Goodman Sammamish Valley Connie L. Griffith Seattle Court Carter Snohomish County Michael K. Briggs South King County John Vogel South Sound Industry Trayson J. Harmon Southwest Shaun W. Johnson Spokane

— Wenatchee Katrina L. Cantu Yakima

Jeanette Kebede Editor

The WashingtonCPA is published by the Washington Soci-ety of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA.

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Departments

CPAwa s h i n g t o n

4 Leadership Lens12 News Briefs13 Advocacy19 Industry Voice21 Member Discounts22 Photo Album

23 Events24 Financial Literacy25 CPE Digest37 Registration Form38 ClassifiedAds39 MemberProfile

CONTENTS

Business Continuity Issue6 When Bad Things Happen to Good Accountants:

Business Continuity and Your CPA Practice or

Business

8 Succession Planning Eases the Mystery of

Your Organization’s Future

13 Star Trek the Next Generation...and Advocacy

14 Invest in the Future of Accounting in Washington

16 Does Your Technology Measure Up?

17 Proper Installation of Windows 7 XP Mode

20 Changes are Coming to the CPA Exam

39 Meet the First Scholarship Recipient

4 WashingtonCPA November/December 2010 www.wscpa.org

LEADERSHIP LENS

I realize this is a strange title for a column, but it came to me as I read

the Sunday paper during a recent flight to Chicago for a joint meeting of the AICPA and NASBA UAA Committees. I had already read the Sports, Local and front page sections (in that order). With a few hours of flight time remaining, I perused the Obituary section. As I did this, I was struck by how much obituaries and Face-book home pages have in common. Think about it—there is usually a photo that has been chosen because someone thinks it captures the individual well. It may not always be a recent photo, but you recog-nize the person in the picture. An obitu-ary (or Facebook home page) reveals a lot about someone’s life. You will probably find out if the person is married, where he/she went to school, where they work currently or most recently and their hobbies or interests. And you may learn about any special awards or recognition they have received for accomplishments in their life. In both cases, you get a nice snapshot of the life of the individual.

Facebook pages tend to be focused more on the here and now and less on what has gone on in the past. However, I am struck by how much you can learn about someone you never met just by reading their obituary. You learn where and when they were born, often their parents’ names, the names of their sib-lings, children, grandchildren, nieces, neph-ews and perhaps a former spouse. You also often learn the names of any of their family members who have predeceased them. An obituary may also relate the story of how they met their spouse. You will certainly get a listing of most schools attended and a pretty detailed descrip-tion of what the person did for a living or profession. You can glean much of the same information from a Facebook page, but that may require a bit more creativ-

Obituaries— Facebook for the Dearly DepartedBy Rich Jones, CPA, President & CEO

traveling. What really caught my atten-tion was the extent to which people had volunteered to help other people. Many were involved with charitable causes for many years and had taken on leader-ship roles in those efforts. Others took leadership roles with social or religious groups, or perhaps were content to pro-vide their support to the group through their attendance, and many found a way to give back as teachers or mentors. If you wonder sometimes about the basic goodness of human beings, spend some time reading the obituaries and see how many people found a way to help others during their lifetime. These are apparently the things of which their family is most proud, since this is what they have chosen to have remembered about them.

It struck me that there is a good lesson here for all of us. Let’s look at our Face-book page and see if we are doing the things today that really make us happy and will result in the obituary that we want when that time comes. As CPAs, we have the knowledge (and often the resources) to be helpful to others in many ways. Let’s make a difference. Remember, we don’t write our obituary at death, we write it as we live our lives.

You can contact Rich Jones at [email protected].

ity in your thought processes. You may have to guess at the relationship of some of the people in pictures posted on the page, but eventually you can usually piece together the relationships by the con-text provided in pictures, comments, etc.

And you can certainly tell how the person likes to spend their free time.

One thing that struck me in read-ing the obituaries is the wide variety of personal interests they reflect. Some of the people were outdoor enthusiasts (hunting, fishing, hiking, mountain climb-ing), some were sports fans (golf, tennis, and swimming seems to lead the lists), and many seemed to enjoy more quiet pastimes such a reading, sewing, and gardening. Most seemed to enjoy spend-ing time with family and many enjoyed

Let’s look at our Facebook page

and see if we are doing the things

today that really make us happy and

will result in the obituary that we

want when that time comes. As

CPAs, we have the knowledge (and

often the resources) to be helpful to

others in many ways.

Follow the WSCPA on...

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LEADERSHIP LENS

I support our Washington CPA Foundation! Why? Because I’ve seen firsthand how our contributions are helping to

make a difference in people’s lives and build our profession. In fiscal 2009-10 alone the Foundation:

• Granted $41,000 in scholarships to 21 outstand-ing students from nine universities in Washington State, after a very competitive process. Those schol-arships will allow those students to continue their accounting educations and become CPAs.

• Contributed $10,000 to the AICPA’s Account-ing Doctoral Scholars Program to enable outstanding CPAs to earn PhDs and become faculty members – addressing the growing shortage of accounting professors.

• Supported the WSCPA’s Financial Literacy program, training and supporting WSCPA members who are increasing the financial literacy of students and adults throughout our state.

I served on the Washington CPA Foundation Board for the past 10 years and participated in the selection of scholarship winners. I assure you that the students who receive our schol-arships are truly outstanding, in both academics and leadership skills, and that the need is greater than we can meet.

Last year the Foundation reached new levels of fundraising success, and it has even higher goals this year. Details are avail-able on page 14. Please join me and other leading members of the WSCPA in giving back to our profession at a higher level than ever before!

You can contact Jim Ladd at [email protected].

support the Washington Cpa FoundationBy Jim Ladd, CPA, WSCPA Chair for 2010-11

scholarships

Contribute today to the Washington CPA Foundation www.wscpa.org (WSCPA Community > Support the WSCPA)

Contributions are tax deductible.

accountingstudents

Washingtonuniversities

The Washington CPA Foundation will offer numer-ous $2,000 scholarships to qualified accounting

majors attending school in Washington full-time in fall quarter 2011. To be eligible students must have junior status by fall quarter 2011. Graduate and international students are eligible to apply.

APPLICATION DEADLINEThe application deadline for these scholarships is

February 15, 2011. Applications must be postmarked by that date.

LEARN MORETo obtain a copy of the qualifications and applica-

tion for these scholarships, either download them from the WSCPA student website, www.discovercpa.org, under “Scholarships,” or contact Mark Peterson at [email protected].

LAST YEAR’S SCHOLARSHIPS

21

9

$41,000 scholarshipsawarded


COVER STORY BUSINESS CONTINUITY

It is not a question of “if,” but rather of “when.” Some-thing will happen that will interrupt your CPA practice

or business and your ability to fulfill your commitments to clients or customers. It could be a natural disaster, a serious data loss, possibly an attack on your reputation via social net-working sites or even a terrorist incident. We can’t predict what the event will be—or even when it will happen—but there is much we can do to mitigate the impact regardless of the disruption.

Planning for a recovery of your practice is a thankless task—one that is easily deferred or ignored. Most organiza-tions do not have a plan and have not thought through how they would respond. We often think that if the disaster is big enough, and the entire community is affected, our workloads will drop to match our capacity to complete the work. Or, as has been the case in many disasters, the taxing authorities in Olympia and the IRS will extend deadlines to address tax-payers’ inability to respond. As comforting as these thoughts may seem, they don’t address the more common disruptions threatening small firms and single practitioners: a more localized incident that affects key people, systems, processes and/or communications.

The Loss of Key PeopleThe temporary incapacitation of a key employee, partner

or a sole practitioner can bring a business to its knees, often within days. Aside from the impact on interim deadlines, the temporary incapacitation of a key player can trigger a client exodus that may have taken years to build up. For sole prac-titioners, an unexpected disruption in their ability to per-form can be devastating. In working with sole practitioners, I urge them to document key procedures and processes and take the time to brief a close accounting professional and/or family members in how to transition the practice on a temporary basis until the principal can resume. This need not be an elaborate continuation plan, but a simple “in case of emergency” plan that assures there will be a practice that the principal can return to. Engagement letters should also contain language naming your “backstop” and the circum-stances when the emergency plan will go into effect.

For larger firms, the challenge is documenting internal processes, systems access, and coordination with another CPA to provide reciprocal support arrangements. These agreements can, when properly prepared, provide a needed level of security in the event of an unexpected disaster or disruption.

When Bad things Happen to Good accountants: Business Continuity and Your Cpa practice or Business

business continuity


BUSINESS CONTINUITY

Systems Backup and RecoveryEveryone knows the importance of backing up data and

maintaining multiple copies in the event of disaster. Backup, in my opinion, is rarely the issue for CPA practices and other professional service firms. It is recovery. Can you access your data when needed? Have you ever tried to restore using your backup? I find many firms have never tested a full restoration and do not know the challenges that await them.

Document Your ProcessesIn the event of a disaster, someone other than the usual

person in a firm may need to initiate resumption of operations. For this reason, documentation of key procedures, processes and instructions are critical to prompt response. Time is of the essence following an incident and having well documented pro-cedures can speed the response.

Communicate with Clients, Staff and VendorsFew businesses plan for the loss of a phone system after a

disaster and this is when your ability to communicate becomes most important. There is a database of clients to notify, vendors to inform and staff that may need to know the state of the organization. Keeping records of contacts offsite, creating call tree lists and the addition of a satellite phone can all add to your resiliency and maintain the confidence of your customers.

Is it Worth It?Is a business continuation plan worth it? Yes! The simple

truth is that planning works, and even though plans change; whether due to firm growth, the introduction of new technol-ogy, or adding new locations, developing the skills needed to recover operations can mean the difference between being in business or having to cease operations.

The key to building your organization’s resilience rests in an understanding of the operational risks, calculating the hourly cost of a disruption and recognizing that a disruption on April 7th carries far more impact to your firm than a disruption any other time of the year. Once you have your risks and exposures documented, you will be in a position to calculate the needed recovery window and the affect of any lost data.

Can It Be Done?Yes. Businesses of all sizes can develop and test a plan

to ensure their continuation. And the lessons learned from such a test can serve as a fruitful topic of discussion with your clients as you advise on the protection of their businesses and households.

Sam Shmikler is the Managing Partner of Resilient & Tested, LLC a Redmond, Washington firm specializing in the development and test-ing of business continuation plans for business. He can be reached at [email protected].

Backup is rarely the issue for CPA practices and other

professional service firms. It is recovery. Can you access your data

when needed? Have you ever tried to restore using your backup?

Learn more and earn CPE:

WEBINAR: When Bad Things Happen to Good Accountants: Business Continuity & Disaster Planning (WAWNR18)

In this WSCPA webinar Sam Shmikler will dive deep into the steps, security issues, costs, and testing every CPA practice should do to keep their doors open.

November 10 – 9-10 am

Register today at www.wscpa.org/webinars


SUCCESSION PLANNING

In June 2004, Haskell & White co-founder Steve Haskell met with our firm’s partners to discuss a number of matters,

and succession planning was at the top of the list. At the time, none of us realized how quickly we would be facing the issue head on—just three weeks later, Steve was diagnosed with lung cancer.

Haskell & White, like many businesses, lacked a formal suc-cession plan. However, we were fortunate enough to have 13 months with my colleague after he was diagnosed to prepare for a major shift in leadership and ensure that the company philosophy, vision and growth remained solid. Now, as I sit at the helm of the firm, I have a deeper appreciation of Steve’s foresight and the firm’s good fortune to have time to prepare for a smooth transition.

Succession planning is not a new phenomenon and most CPA firms understand the need for it. Yet, according to a 2008 AICPA Private Companies Practice Section survey, only 35 percent of accounting firms have a written succession plan in place, leaving a whopping 65 percent of firms vulnera-ble if they were to experience the loss of a leader.

Starting Early Ensures a Smooth Transition

For most leaders, thoughts of leav-ing their practice are fairly distant and succession planning is easily brushed aside to another day. However, a good succession plan isn’t an intention, it’s an ongoing process.

It takes time to develop criteria for a desirable successor as well as to actually select one. Plus, succession planning is not just about finding the next best leader; it’s also about ensuring your employees and the organization as a whole is prepared for what could be exten-sive change. While a good succession plan grooms and trains the successor for the top spot, it also assesses the capacity of team members at all levels so they can expand their responsi-bilities and grow with the firm.

Whether or not a formal leadership succession is imminent in your firm, it is always a good idea to develop younger talent, hire with an eye for the future and plan several layers deep. You may find that the right successor is someone who started a career with your firm, then left, but is now willing to return in a leadership role. By tracking career paths inside and outside of the firm you increase the likelihood of a smooth transition when your current leader is ready to, or is forced to, step aside.

In my own firm’s case, I was not hired under the assump-tion that I would become managing partner, nor was it my goal. Rather, the two founding partners, Steve Haskell and David White, were focused on looking for talent who could replace them, and over the eight years I served as an audit partner and worked closely with the firm’s leadership, I gained the confi-dence, understanding, loyalty and support of our partner team, which enabled me to take on the firm’s managing partner role.

There is No Wrong Way to PlanAside from not having a plan at all, there is no right or wrong

way to plan. Thinking about your company’s future is the first step in the right direction. From there, shape the plan into something that fits your company’s culture and goals. Let your organization’s history help guide these important decisions. For example, if your business is built on a solid foundation of oper-ating values, has strong employee retention, loyalty and longev-ity, you may want to consider looking within your ranks for

a successor. Many firms favor internal candidates because they value their experience.

In contrast, if your organization is powered by mobile Millennials, who appear to have no interest in running your firm—or any firm—consider recruiting an individual from the out-side who understands your compa-ny’s climate and the changes that are bound to ensue with any leadership transition.

Since every business is different, one size will not fit all when it comes to succession planning. Additionally, while an internal candidate worked for a firm in one instance, circumstances

will invariably be different during the next leadership transition and the firm might find that an external candidate is a better fit in that instance. Also, look at business models from other industries when succession planning and be open to reinventing the wheel.

Regardless of company or firm size, the primary goal when creating a succession plan is the continuation of a growing and profitable professional practice. Give prospective leaders a chance to demonstrate their potential without penalizing them for being unfamiliar with newfound responsibilities. These opportunities will make employees who are potential succes-sors more comfortable with taking on different roles.

What now? Succession Planning Eases the Mystery of Your Firm’s FutureBy Wayne R. Pinnell, CPA

Whether or not a formal leadership succession is imminent in your firm,

it is always a good idea to develop younger talent,

hire with an eye for the future and plan several layers deep.


WASHINGTON CPA FOUNDATION

A Smooth Succession Does Not Happen Overnight

Successors need time to adjust to ensure a successful trans-fer of roles. Before becoming managing partner, I worked closely with Steve and the other partners to create goals for the next five years, identifying gaps in staff expertise and anticipating poten-tial departures and retirements. Setting these goals ultimately helped strengthen the firm for the next phase of development. These goals and development plans are reviewed annually—at a minimum—and when new opportunities are identified.

Even with a lengthy transition, employees and clients need time to get used to communicating issues to someone new. For a successor at a company or firm of any size, employees and clients need to know that you are a dedicated, competent and knowledgeable leader. An important step in my transition pro-cess to help nurture employee loyalty was meeting personally with each manager to check the pulse of the company, answer questions and ease any uncertainties.

For clients, who can be hesitant about doing business with a successor, open communication is vital before the transi-tion occurs. When the opportunity to ease into succession of roles is available, it’s best to make introductions of the intended successor to the clients and to begin working together to make the transition natural and comfortable. When succession is necessary as the result of a sudden loss, it is imperative for company leaders to meet with key clients and vendors as soon as possible.

After losing Steve, I learned that many people assumed our firm’s finances were unstable. Communication was a key to making sure our personnel, clients and vendors understood that this was not the case and in fact the firm’s finances were in fine shape. Being upfront helped in building trust and stronger relationships with clients.

Stay CurrentA succession plan is never complete. As an integral piece of

the overall business plan and strategy for any company, succes-sion plans should constantly be modified and updated to match changing environments. For example, when considering growth cycles, you may need to consider having a different person lead the charge into new areas of expertise or geographic location. Likewise, if your company is experiencing a shortfall in business, a different talent may be required to jump start the company for a new boom period. Either way, succession planning needs to focus on short-term strategic and operational decisions as well as long-term leadership issues.

Consider Some BasicsConsider having key personnel in the firm covered by key-

man insurance policies, particularly the partners/owners, key experts and rainmakers. If locked in over a long period of time, these life insurance policies can prove to be an inexpensive way to finance potential shortfalls in the business and other major expenses that may be incurred during a transition resulting from the sudden loss of a decision maker.

There are two basic types of key-man life policies: term-life insurance and universal/whole-life insurance. The type of policy used depends on the business’ specific needs. Term-life insurance often is used by startup or small, independent firms because of its relatively low cost and flexibility. On the other hand, larger companies or firms typically use universal/whole-life insurance as these policies build cash value, which is an asset on the company’s balance sheet and can be accessed anytime at the company’s discretion.

Another basic is partnership agreements, including buy-sell arrangements, which help offer tax advantages and promote equitable and orderly transfer of wealth. Whether a stock

succession planning

STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685)

1. Publication Title: The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 1 October 2010 4. Issue Fre-quency: Bi-monthly 5. No. of Issues Published Annually: 6 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bel-levue, King, Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mail-ing Addresses of Publisher, Editor, and Managing Editor: Publisher: Washington Society of Certified Public Accoun-tants, Editor: Jeanette Kebede, Managing Editor: n/a, Wash-ington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Wash-ington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 11. Known Bond-holders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name: The Washington CPA 14. Issue Date for Circulation Data Below: September/October 2007 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preced-ing 12 Months, Actual No. Copies of Single Issue Published Nearest to Filing Date). a. Total No. Copies: 10,000, 9,400 b. Paid and/or Requested Circulation: 1. Paid/Requested Outside-County Mail Subscriptions Stated on Form 3541: 5690, 4325. 1. Paid In-county Subscriptions: 3945, 4442. Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution: n/a, n/a. 4. Other Classes Mailed Through the USPS: 0, 0 c. Total Paid and/or Requested Circulation (sum of 15b(1) and 15b(2)): 9635, 8767 d. Free Distribution by Mail: 1. Outside-County as Stated on Form 3541, 110, 196. In-County as Stated on form 3541, 125, 175. Other Classes Mailed Through the USPS: 0, 0 e. Free Distribution Outside the Mail: 40, 84 f. Total Free Distribution: 275, 455 g. Total Distribution: 9910, 9222 h. Copies not Distributed: 90, 178 i. Total (Sum of 15g, 15h(1), and 15h(2)): 10,000, 9,400 Percent Paid and/or Requested Circulation: 97%, 95% 17. Signature and Title of Editor, Publisher, Business Manager, or Owner:

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redemption, cross purchase or hybrid plan, a buy-sell agreement should be reviewed periodically to reflect the changing needs of the owners and values of the business. As circumstances change, it may be necessary to amend or replace existing agreements.

Terms of a buy-sell agreement that should be reviewed regularly include:

• Restrictions on transfer of ownership provisions.• Profit and loss provisions, based on ownership interest of the business

entity.• Control and management provisions for voting rights and procedures.• Purchase price/valuation and payment terms with agreed-upon value for the

business or a formula method to establish the value.• Dissolution provisions and how assets are distributed among the owners.

Even the Best Laid Plans Are Not PerfectSince the planning process often affects the entire company, it’s rare that the transi-

tion is flawless. Change for anyone can be exciting, as well as a source of stress and uneasiness.

The leadership change at Haskell & White was a smooth one, although it was not without hard work. New partners were recruited to strengthen the management team and procedures were set to reflect the strategic plans. All the while, our level of service to clients and employee relationships were never sacrificed. Although the pro-cess was challenging, particularly during the initial years, the firm sustained continued growth and the hard work has paid off. Now in its 23rd year, Haskell & White operates as one of the largest independently owned accounting firms in Southern California with two offices and employs more than 60 professionals.

Wayne R. Pinnell, CPA is the managing partner of Haskell & White LLP. He can be reached at [email protected] or www.hwcpa.com.

Reprinted with permission of CalCPA.


NEWS BRIEFS

CPA Referral Service

renewing your license in 2011? CPE DEADLINE - If your Individual CPA license, CPA-Inactive certificate, or non-licensee firm owner registration expires June 30, 2011, you must meet the State Board of Accountancy’s Continuing Professional Education (CPE) requirements by December 31, 2010 in order to qualify to renew.

ONLINE RENEWAL - Effective January 1, 2010, you must renew your individual and/or firm license with the State Board of Accountancy online using CPAOnline. Download instructions for using the new system here: www.cpaboard.wa.gov/files/Detailed_Instructions_w-pics.pdf.

To learn more, visit the State Board website at www.cpaboard.wa.gov.

Expand Your Client Base in Time for Tax Season Enroll Now in Find a CPA Referral Service Would you like to expand your client base? Is your firm currently enrolled in the WSCPA Find a CPA Referral Service?

The WSCPA’s online Find a CPA Referral Service is a cost effective way to market your firm’s services to the public. For just $175, you can list your firm with this ser-vice. Plus, you can add satellite offices for $50 each. Enroll or renew now and your firm will be in the service through June 30, 2011.

This service is marketed in directories statewide, online directories and, starting this year, via Twitter. Each firm in the referral service is promoted via Twitter to our followers. Hundreds of individuals and business statewide looking for CPAs visit this service at www.wscpa.org or call the Society especially during tax season.

To enroll, visit www.wscpa.org, and click “Find a CPA,” then “Enroll Online Today.” Questions? Call Jennifer Ayoub, (425) 586-1142 or (800) 272-8273, Ext. 1142 (toll-free in WA), or e-mail [email protected].

WSCPA Mailing List PolicyThe Society does not sell member e-mail or mailing addresses. Members may

occasionally receive mail from the Society’s third-party affinity partners that offer products or services deemed to provide value to members. If you prefer to be excluded from these mailings, send a request to unsubscribe from third-party mailings to [email protected]. or call the Society at (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

Last chance to save![ Save 25% on CCH U. S. Master Tax Guide through Dec. 31

Reserve your copy of the industry’s leading tax guide and save 25% off the list price of $86.60. You pay only $64.95 plus tax and shipping. You will not be billed until after the book ships. (Cancel before shipment without charge.) The 2011 edition will contain timely and precise explanations of federal taxes for individuals, corporations, part-nerships, estates and trusts. Plus, save up to 40% on other CCH resources.

To order and learn about other CCH resources, visit http://cchgroup.com/members/wscpa and click on the “Member Order Direct Program” tab. To receive your discount, use priority code Y5596 and hit “Apply.”

[S pecial Member Discount

Save the Date WSCPA Annual Meeting, June 1, 2011

Featuring Professional Issues Update with Bob Bunting

Free Member Resource: Financial Statement Review

Are the financial statements you are issuing in accordance with GAAP or OCBOA? Did you know the WSCPA offers FREE, confidential comments on your financial statement format, presenta-tion, and other professional issues based on reviews of post-issuance financial statements? Submit up to two sets of redacted statements by December 15 to Sharon Olene-Marander at [email protected] or call (425) 586-1138 for details.

In Memoriam: Jim Halverson

The South King County Chapter Board is deeply saddened by the recent passing of Jim Halverson, a long-time Board member, friend and colleague. They acknowledge the loss to his family, community, and profession and will dearly miss his valuable contributions, his passion for the accounting profession, his quick wit, and easy laugh.


ADVOCACY

star trek the next Generation ... and advocacyBy Judy Love, WSCPA Director of Advocacy

“Space: the final frontier. These are the voyages of the starship Enterprise. Its continuing mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no one has gone before.” (Opening to original Star Trek series)

“Now what is she writing about?” you ask. “In the last issue of the magazine it was vacations, this month it’s Star Trek?!” But you are still on this page, aren’t you? And if you stay a while longer I think you will learn about some promising develop-ments that bode well for the future.

Live Long and ProsperSuccession planning is a challenge for

any organization. Anyone who hands off a business, program or service they have worked long and hard for wants to see it continue to thrive—even grow— with the next owner or generation. The same is true for the WSCPA, an organization formed 104 years ago for the purpose of defining the profession in Washington State statute. Over the years the WSCPA has added other elements common to a membership orga-nization: continuing education, opportu-nities to build networks, and promoting the profession. But the Society’s found-ing purpose—advocacy for the profes-sion’s interests—remains central to its mission.

Countless volunteers have stepped up to provide expertise, feedback and per-spective on an ever-increasing flood of regulations and laws. WSCPA members have testified before the State Board of Accountancy and the state legislature; they have written letters to and met with Congressional delegates in Washing-ton D.C.; they have served on the State Board of Accountancy; they have partici-pated in meetings with the Department of Revenue; they have met with officials at the U.S. Treasury Department; they have

served on committees to draft responses to FASB, GASB, the IRS. Their service is incalculable, their legacy seen and experienced every day by CPAs in all areas of practice.

During my 10 years with the WSCPA it has been my privilege to work with a number of highly motivated and dedi-cated members, the Society’s “go to” people for advocacy efforts. But in this, as in many other arenas, there is a genera-tion gap—or two. I have worried about who will carry the legacy of the past 104 years into the “strange new worlds” we all know will be out there.

Two recent WSCPA events have given me renewed energy and great hope for the future. Over 100 bright, energetic and poised students and new professionals attended either the Southwest Chapter Student Night or Members’ Reception. Every one of them had done their homework; they came prepared to net-

work, to ask the right questions, to sell themselves. Several had even recently looked at the WSCPA website and talked knowledgeably about the IRS proposal to register all tax preparers. I wondered if most of our seasoned members could have done the same.

When they learned about the Society’s advocacy role, several made a connection with their recent student experiences lobbying in Olympia for issues of impor-tance to them. They quickly grasped how there could be many opportuni-ties to do this as professionals as well. A number are excited at the possibility and are ready to engage their peers—the Next Generation—in efforts to carry the profession through the next 104 years.

“Beam me up, Scotty.”

You can contact Judy Love at [email protected].

Anyone who hands off a business, program or service they have worked long and hard for wants to see it continue to thrive— even grow—with the next owner or generation.


WASHINGTON CPA FOUNDATION

As a WSCPA member, each year you are invited to donate to the

Washington CPA Foundation on your dues statement. Why should you con-sider contributing to the Washington Foundation?

Each year the Foundation funds 20 scholarships of $2,000 each to eligible students in Washington State giving stu-dents the help they need to become CPAs. The Foundation would like to raise the amount of these scholarships to $3,000 each. Trends indicate that the more complex accounting becomes, there will be a greater need for CPAs. This also correlates with the aging popu-lation and the possibility of an increase in

CPAs retiring.The great news is that colleges are

seeing an increase in students declar-ing accounting as their major. The bad news is that colleges are also seeing a shortage of Accounting PhDs. Without these qualified educators, many colleges will not be able to have an accredited accounting program. That is why the

Washington CPA Foundation supports the Accounting Doctoral Scholars (ADS) program by contributing $10,000 a year. The ADS program was designed to create 120 new PhDs by granting substantial scholarships to 30 new candidates a year throughout the 4 year PhD program.

About 400 members contribute a total of about $30,000 a year when paying their annual dues. As astute accountants, you have undoubtedly observed that the Foundation is not generating suffi-cient revenue through the dues process to meet its current contributions, much less the expanded ones. To balance the budget, the Foundation launched a pro-gram last year to increase awareness and

recognize donor contributions to the Foundation’s success. This new outreach brought in another $20,000 thanks to generous members.

All contributors to the Washington CPA Foundation are listed on the Foun-dation pages of the website. Contributors of $250 or more in 2010 are automati-cally part of the “Circle” level donors.

Contribute to the Washington CPA Foundation

Invest in the Future of accounting in WashingtonBy Kimberly Scott, CAE, WSCPA Director of Member Services

This group of supporters will be invited to a special reception in their honor at the Harbor Club in January. Attendees at this invitation-only event will have the opportunity to network with each other, the Foundation Trustees, and scholarship winners. This is a yearly event for Circle level donors. Attendees at last year’s event were very impressed by the quality of the scholarship winners.

To learn about the promising students receiving scholarships this year, visit www.discovercpa.org (click “Scholarships”).

The Founding Leaders Circle names can be found on the WSCPA website, at www.wscpa.org/Content/legacy/Circle.aspx.

To make a difference in the future of the profession, make a tax deductible contribution to the Foundation.

Contributions to the Foundation can be made using a check or credit card, by phone, mail or by logging on to the WSCPA website at www.wscpa.org (“WSCPA Community” > “Support the WSCPA”).

Foundation Contributor Level ContributionSupporting Contributor $50 - $99

Senior Contributor $100 - $249 Leaders Circle* $250 - $499

Executives Circle* $500 -$999Senior Executives Circle* $1000-$2499

Chairmans Circle* $2500+

All contributors to the Foundation will become part of the Circle Program. Leaders Circle contributors will be invited to a reception in January.

Washington CPA Foundation Circle Program

* Invited to attend the Foundation reception. Founding Leaders Circle Reception, January 2010

Your contribution is tax deductible.ò

Contribute today! Visit www.wscpa.org (WSCPA Community > Support the WSCPA)


QAR

The Board of Accountancy needs your experience and expertise to

assist with the Quality Assurance Review (QAR) program to monitor the work of Washington licensed CPA firms.

What is QAR? The program was established in 1986 to ensure that quality compilation, review and other attestation services are provided by our licensed firms so that others may rely on that information.

How does the QAR program work? Qualified, volunteer CPAs from Wash-ington CPA firms throughout the state review the reports and financial state-ments submitted by CPA firms.

What is required to be a volunteer for the QAR program? Volunteers must have held a current Washington CPA license for at least three years, and must have experience providing review, compilation and/or other attestation services.

Is there particular experience the Board is looking for? The Board is looking for all types of experience in providing these services and encourages all qualified CPAs to apply. We especially need CPAs with experience with labor unions, agriculture, common interest realty associations (CIRAs), contractors and personal financial statements.

state Board Looking for Quality assurance review Volunteers

This is a great opportunity to meet fellow CPAs in the state, give back to the profession and earn some CPE.

Why should I volunteer? This is a great opportunity to meet fellow CPAs in the state, give back to the profession and earn some continuing professional education credits.

Who do I contact to volunteer? If you are interested, please contact Jennifer Sciba at [email protected] or (360) 586-0952.

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TECHNOLOGY

It’s a fair question, don’t you think? With today’s economic issues still

pressuring organizational budgets, many accountants and other business profes-sionals are examining how technology can improve organizational efficiency and profitability. So, where does your organi-zation stand with respect to implement-ing practical technology that can have an immediate positive impact on your bottom line? What are some of today’s technology best practices for firms and organizations of all sizes? At K2 Enter-prises, we see several key areas where organizations can realize an immediate return on investing in technology. Among the more noteworthy are:

• Migrating to Microsoft Office 2007/Office 2010,

• Managing information more effectively with a document management system, and

• Implementing a workflow solution.

MigratingtoMicrosoftOffice2007/Office2010

For organizations currently run-ning Microsoft Office 2003 or prior, implementing Office 2007 or Office 2010 (released in May), represents a significant opportunity for end-users to become more efficient when work-ing with everyday tools such as Excel, Word, and Outlook. Yes, the user inter-face is much different than that in Office 2003 and learning how to work with it effectively is a training issue that you will need address, but the advantages offered in both Office 2007 and Office 2010 far

outweigh the transition issues associ-ated with migrating from Office 2003. Among the features in these versions of Office that improve productivity are enhanced capacities in Excel workbooks; improved charting engines in Excel, Word, and PowerPoint; and easier exchange of information through new XML-based file formats. New features available in Office 2010 include a 64-bit version that can take advantage of additional memory installed with 64-bit operating systems; Office Web Apps, web-based versions of Excel, Word, PowerPoint, and OneNote; and significant improvements to Outlook, including QuickSteps and Conversation View, both of which provide for managing email more efficiently.

Neither Office 2007 nor Office 2010 require Windows Vista or Windows 7, but organizations that implement a 64-bit version of either of these operating sys-tems in conjunction with a 64-bit version of Office 2010 are likely to notice supe-rior performance, as compared to prior versions of Office.

Managing Information more Effectively with a Document Management System

Leaders in many organizations con-sider their organizations “paperless” because, at some level, the organiza-tion is scanning and storing documents as digital files – usually PDFs. However, scanning paper documents to PDFs and storing them in traditional Windows file folder structures does not represent the paperless office. Rather, managing infor-mation from cradle-to-grave through a document management system (DMS) is how the paperless office is defined. This

management process includes address-ing issues such as document security and integrity, defining and enforcing docu-ment retention policies, retrieving docu-ments on demand, and placing documents on litigation hold. Further, it addresses all documents in an organization, including documents from non-traditional sources such as email, voicemail, and faxes.

In addition to supporting “green” ini-tiatives, other benefits associated with using a DMS to manage the paperless office include quicker access to critical information, enhanced security, reduction in square footage used to store paper documents, anytime/anywhere access to documents, and increased capacity for growth without adding overhead.

ImplementingaWorkflowSolution

Closely associated with the concept of a paperless office is that of more effec-tively managing workflow within the office. Every organization has workflows; workflows are those processes – either formally or informally defined – by which transactions are effected within the orga-nization. For example, in an accounts payable department, there is a workflow associated with how the organization processes invoices from vendors; like-wise, in a public accounting firm, there is a workflow associated with how the

Does Your technology measure Up?By Thomas G. Stephens, Jr., CPA.CITP

For a firm with 10 employees, a workflow solution that saves each person just 15 minutes per day

saves the firm $18,750, assuming an average billing rate of $100 per hour, per person.

[ ]


NOT-FOR-PROFITS

firm processes individual income tax returns. As organizations move paperless and paper-based routing slips and other documents cease to exist, how will we know the status of any transaction within the organization? How will we know to whom the transaction should flow once a specific processing step is completed? These are the functions of workflow management solutions – to track docu-ments and transactions as they move from one participant in the workflow to another.

Properly implemented workflow solu-tions increase efficiency, improve cus-tomer/client service, support paperless processes, and improve internal controls, all of which enhance profitability. Con-sider the following scenario. Suppose you work in a small public accounting firm with ten people involved in the process of preparing individual income tax returns. Further, suppose that the firm prepares 300 tax returns during the 75-day “busy season.” A workflow solution that saves each person just 15 minutes per day saves the firm $18,750, assuming an average billing rate of $100 per hour, per person. Clearly, workflow solutions represent a terrific opportunity to enhance organiza-tional profitability.

Every organization is different and one or more of the technologies mentioned above may not be appropriate for your

Windows 7 is the best operating system, to date, from Microsoft and a clear winner. This is the first time Microsoft has ever released an oper-

ating system and not increased the hardware requirements. With that being said, Windows 7 is very popular but not perfect. Both Vista and Windows 7 struggle with older applications that were designed to run on Windows XP and prior. To solve this, Microsoft has given the professional IT community a great gift – XP Mode.

XP Mode is a vastly improved version of Virtual PC. XP Mode integrates easily with USB drives, local host OS drives, and even networked drives and printers. This was a big challenge for prior versions of Virtual PC. Only VMware was good enough to use in conjunction with serious business applications. Not anymore. In many ways, it seems that XP Mode is much easier to use than the popular VMware Desktop. Especially when you consider that you can add XP Mode application icons to the start menu of Windows 7 and run as though they were installed in the base Windows 7 operating system. Also consider that many Windows 7 users will use XP Mode to isolate problematic programs from their main operating system (Windows 7) so they don’t muck up the main OS. Hence, this is an extremely attractive feature of Windows 7.

XP Mode is available in the following versions of Windows 7:

• Windows 7 Professional• Windows 7 Ultimate• Windows 7 Enterprise

XP Mode is not installed with the standard installation of any of these ver-sions of Windows 7. It requires users to go to the following Microsoft website and download the needed components: http://www.microsoft.com/windows/virtual-pc/download.aspx. Or, you can easily search with Google or Bing on the term XP Mode and find this site.

This is where it can get a bit dicey, but if you pay attention to the following steps, you will not make the same mistake I made last month. Get this wrong and you will either bog down your machine, which I did, or crash it altogether, which I did right after bogging it down and trying to fix the mistake. You must get this right from the start. Here are the steps:

1. Before you start downloading anything, know your hardware. You must determine what capabilities you have in your processor. Look up

proper Installation of Windows 7 Xp modeBy Val D. Steed, CPA, MA, CITP

organization at this time. However, for many businesses, implementing one or more of the technologies discussed in this article can positively affect efficiency, productivity, and ultimately, profitability. Now is a great time to consider how your organization’s technology measures up; if it is not supporting organizational objectives, consider the many great options you have available today to make your investment in technology a real strategic asset.

Mr. Stephens is a shareholder in K2 Enterprises. He will be a presenter at the Information Technology Conference, December 13-14 at Meydenbauer Center in Bellevue.

You may contact him at [email protected].

Learn more and earn CPE:

Information Technology Conference (ITC)

December 13-14

CPE: 16 Tech credits

www.wscpa.org/ conferences

continued on p. 18


TECHNOLOGY

your specific processor chipset on either AMD or Intel’s web-site to see if the chipset sup-ports hardware virtualization. The graphic below shows that my new laptop does have hard-ware support for virtualization, a fact that I assumed would not be present in this new smaller, lighter laptop. I was wrong. So I loaded all three elements of XP Mode when I actually only needed the first two. Read the fine print carefully and you will see that Microsoft warns you about this right on the site.

2. Next, follow the step marked step 2 on the website and select your version of Windows 7 and language.

3. Now, you will see three buttons appear on the screen at the bottom.

4. Download and install the files

associated with the first button (Windows XP Mode).

5. Download and install the files associated with the second button (Windows Virtual PC)

6. Halt! Do you need the third element? If you have hardware support for virtualization, you do not need this third set of files. Stop. You are done with the website. Skip step 7 and go to step 8.

7. If, and ONLY if, you do NOT have hardware support for virtualization, download and install the files associated with the third button (Windows XP Mode Update). This is not for all systems, only those that do not have the hardware level native support for virtualization.

8. Now, select Windows XP Mode from the Start menu (Virtual PC Folder) and it will begin the

installation process.

From here on, it becomes a stan-dard Windows XP installation into the virtual machine including anti-spyware, anti-virus, etc. Complete the XP Mode installation, close and be sure to change the default RAM allocated to the XP Mode Virtual PC by selecting Virtual PC console from the Virtual PC Folder. I recommend 1.5 MB of RAM for heavy users and 1 MB for casual use of XP Mode. You must have at least 4 GB of RAM in your Windows 7 system to enable you to allocate this much to XP Mode.

Enjoy! A proper installation of XP Mode should greatly enhance your experience with Windows 7.

Mr. Steed is CEO, K2 Enterprises. He will be a presenter at the Information Technology Conference (ITC), December 13-14, Meydenbauer Center, Bellevue.

1800 Ninth Avenue, Suite 1500Seattle, WA 98101-1340

www.pregodonnell.com

Preg O’Donnell & Gillett, PLLC welcomes its newest attorney:

Mary C. Eklund a litigator with a practice providing legal advice and representation to the accounting profession since 1985

Joining Mary is Barb Schmidt, who has worked with Mary in accounting representation since 1992.

Phone: (206) 588-8589 direct (206) 287-1775Fax: (206) 287-9113Email: [email protected]


INDUSTRY VOICE

On Fire CpeFor Industry CPAs

How to Grow Your Business Effective Business Development Skills In Today’s Recession (EBS42) November 8, 2010 | Meydenbauer Center, Bellevue

Learn real world, proven techniques to attract “A” level clients. You will immediately be able to implement tech-niques for preparing meetings, creating a positive first impression, identifying and developing a prospect’s needs, and fashioning accounting solutions to meet each need. Improve your ability to summarize and wrap up a meet-ing with a statement that will maximize the probability the prospect will hire you. Learn how to find desirable pros-pects, traditional marketing strategies, and much more!

Become a World-Class Organization Team Building Within the Finance Function: A Challenge for Today’s CPA (TBFF) November 15, 2010 | WSCPA Learning Center, Bellevue

In this period of global competition and rapid change, world-class organizations have learned two crucial things needed for success: excellent customer service and maxi-mum efficiency. The most successful organizations have effectively established cultures where all employees are committed to these dual tasks: giving customers the ulti-mate in service and accomplishing this in the most efficient manner. Gain an understanding of organizational cultures and how to promote the team culture for maximum cus-tomer service and efficiency. This program is applicable to the finance function in both large companies as well as the smallest firms. Learn detailed suggestions and models on how to change culture and formulate a team culture within the finance function. This program is not just theory; it also includes step-by-step instructions to transform an organiza-tion or department into a world-class operation.

Looking for additional CPE? Learn about more seminars for CPAs working in business and industry at www.wscpa.org/CPE/catalog. Plus, learn about webcasts and webinars, such as:

WEBCAST: Accounts Receiveable Management (WEB211) WEBINAR: Washington State L&I Audits: Are You in Compliance? (WAWNR25) WEBINAR: Myths of Budgeting and How to Overcome Them (WEB154)

Boost Your CareerAdvanced Controller and CFO Skills (ACCS2) November 16, 2010 | Lynnwood Convention Center, Lynnwood

If you want to be secure in your position as the “financial sheriff,” you must be able to document your worth to the company’s leaders by exhibiting the advanced skills that help you add value and contribute to the success of the organization. In this advanced course, you will explore the ten critical skills that add value to your company and boost your career. Learn how to translate your firm’s strategies with key performance. Improve your skills in the five key areas needed for success. Align your firm’s strategies with your internal reporting system and become an advocate for your team.

Especially for the Small Company CPA OnlyFinancialOfficer2.0:MoreSkillsforSmallerCompany Financial Managers (OFO) November 23 | Hampton Inn Spokane

The title “Chief Financial Officer” is not an accurate description of what many financial managers do because the word “chief” implies that the company has more than one. This seminar will cover four major topics that are important to the financial manager who must do it all: • Resolving ethical conflicts; • Doing more with less; • Strategic cost management; and • Protecting your company from fraud.

Protect Your Company from Legal Headaches AICPA’s Annual Business Law Update (ABLU2) December 9 | Edward D Hansen Conference Center, Everett

Lawsuits flow freely these days. Stay on top of business law developments to protect your company, firm or clients from common legal entanglements. Learn how to handle current employment issues, resolve business disputes, protect assets and avoid product-liability issues. This course draws on the background of commercial litigators, corpo-rate lawyers, product-liability litigators and tax attorneys to present hot legal topics that managers face daily. Learn from case studies based an actual legal situations.

Learn more and register today at www.wscpa.org/CPE/catalog


CPA EXAM

2010 Exam 2011 ExamTime

14 hrs total

Format Time14 hrs total

Format

AUDStandards, Planning & Evidence, InternalControl, Reports, Compilations & ReviewsNew in 2011: IRFS topics; Ethics &Independence testing, previously REG

4.5 hrs 90 Multiple Choice 70% 2 Simulations 20%

Written Comm. 10%

4 hrs 90 Multiple Choice 60%7 Task-Based Simulations 40%

FARBusiness Enterprises, GovernmentalEntities, Not-for-Profit OrganizationsNew in 2011: IFRS topics; testing on newGAAP codification changes

4 hrs 90 Multiple Choice 70% 2 Simulations 20%

Written Comm. 10%


REGTax, Law & Professional ResponsibilitiesNew in 2011: Ethics & Responsibilitiespertaining exclusively to Tax practice;new Business Structure topic, previouslyBEC; No IFRS

3 hrs 72 Multiple Choice 70% 2 Simulations 20%

Written Comm. 10%


BECCost Accounting, Economic Concepts,Financial Mgmt, Information TechnologyNew in 2011: IFRS topics; CorporateGovernance; Info. Systems topic redefinedfrom bus. entity manager’s perspective

2.5 hrs 90 Multiple Choice 100% 3 hrs 72 Multiple Choice 85%3 Written Comm. 15%

In its nearly 100-year history, the Uniform CPA Examination has

undergone many changes. Until the end of 2003, it was a paper-and-pencil exami-nation administered twice each year. In April 2004, the computer-based CPA Examination was launched and the paper-and-pencil examination was discontinued. The computer-based CPA Examination achieved its millionth administration in 2009.

The Uniform CPA Examination is poised for an additional round of inno-vations and improvements to be imple-

Changes are Coming to the Cpa exam

mented in 2011. See the table below for a summary of the changes coming next year.

The Exam Goes InternationalIn 2011, the CPA Exam will be offered

outside of the 55 US jurisdictions for the first time in history. If you live in one of the selected testing locations, you will be able to take the Exam without traveling to the US.

The CPA Exam next year will be offered in: Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates.

The 4 Parts of the CPA Exam

Tables courtesy of Roger CPA Review

what’s new?

The Exam will be offered only in Eng-lish, and will be the same computerized test as the one administered in the US. Candidates must meet the same eligibil-ity requirements, and complete the same licensure requirements, as US counter-parts.

Applications to take the exam at an international location will be accepted from early- to mid-2011.

For additional CPA Exam information visit www.cpa-exam.org.


CPA EXAM

Cpa exam review Course Discounts for WsCpa members

With the changes coming up on the CPA Exam, now more than ever, a good review course is essential. The WSCPA offers several options to help

you or you or staff study for the CPA exam. From live seminars to self study options, membership with the WSCPA provides members with substantial dis-counts on CPA Exam Review Courses, including:

Receive a $300 discount on live or self study CPA Exam Review courses. Mem-bers also enjoy the benefit of having no enrollment deadline and receive the Pass-Master Software at no additional cost.Pay $976.50 for the self study CPA Exam Review, which includes ExamMentor, ref-erence books Cram DVDs. Exam Matrix also offers no interest financing. Receive a 30% discount on the real-time, interactive online review courses or self study online review courses. To get your discount use Portal Code WASOCCPA.

Save 15% on live CPA Exam Review courses through Rigos Professional Edu-cation Programs and CPA Review.

Pay $1,545 for all parts and choose from live, online or USB formats. The enrollment fee is also waived for WSCPA members, a $50 savings!Enjoy a 30% discount on the self-study CPA Exam Review. Indicate WSCPA in the comments box to receive your discount.

Learn MoreFor more information about discounts on CPA Exam review courses visit https://www.discovercpa.org/discovercpa/exams/index.cfm or call the Mem-bership Administrator at (425) 586-1142, (800) 272-8273, Ext. 1142 (inside WA only), or e-mail [email protected].

Tables courtesy of Roger CPA Review

keep in mind... Testing AvailabilityTesting Windows Blackout Months

January - February MarchApril - May JuneJuly - August September

October - Nov December* Candidates have 18 months to complete all 4 exam sections.

Recommended Study TimeAUD FAR REG BEC

Class time 20 hrs 32 hrs 24 hrs 16 hrs

Study time 60 hrs 96 hrs 72 hrs 48 hrs

Total 80 hrs 128 hrs 96 hrs 64 hrs

Washington Requirements to take the Exam

q Bachelor’s degree

q 225 quarter or150 semester units

q 36 qtr or 24 semester units in accounting

q 36 qtr or 24 semester units in business

* 180 day provisionary period allows students to sit for the CPA Exam 180 days prior to graduation as long as all other requirements have been met. See WA State Board info Guide at www.cpaboard.wa.gov.

Washington Requirements for Licensure

q Pass the CPA Exam

q Application form with $330 fee to State Bd

q 1 year of experience of 2,000 hours under a licensed CPA

q Score at least a 90% on the AICPA Professional Ethics Exam


MEMBER DISCOUNTS

IRS or Washington State Tax Problems?Experience Can Make A Difference.

IRS, Revenue and Labor & Industries Audits: Administrative and Judicial Appeals & Refund Actions; Lien & Collection Problems; Tax Planning; Commercial Litigation.

Martin Silver L.L.M. (Tax) New York University Author of Washington Taxes: Representing Taxpayers Before The Department of Revenue, (Butterworths 1992) Adjunct Professor, Golden Gate

Representing Businesses and Professionals Nationwide, Confidentiality Guaranteed.

OFFICES OF Martin Silver, P.S.Attorneys & Counselors

800 - 5th Avenue, Suite 4000 • Seattle, WA 98104 • Telephone: (206) 224-3461 • Fax (206) 224-3459

Southwest Chapter Student Night | September 9

5 - Dr. Debra Sanders displays $1,000 check from the SW Chapter for WSU-Vancouver accounting program.

6 - Past Washington CPA Foundation scholarship winner Golnaz Koloushani and Dr. Debra Sanders discuss career opportunities.

7 - SW Chapter Trayson Harmon (l) talks with two WSU-Vancouver students.

8 - SW Chapter member George Middleton (r) discusses career opportunities with WSU-Vancouver students.

5

7

6

8

South King County Chapter Habitat for Humanity Volunteer Day | August 6

1 - South King County Chapter Board Director Dennis Shanlian (middle) receives instructions from Habitat for Humanity foremen.

2 - WSCPA members Luke Barney, Shareen Faleaf-ine and Greg Pospichel (McGladrey & Pullen) discuss their projects for South King County Chapter Habitat for Humanity Day.

3 - South King County Chapter Treasurer Brett Manley makes precise measurements.

4 - WSCPA Director of Advocacy Judy Love (l. on ladder) demonstrates how to grip a ladder with her knees while carefully applying paint.

2

3

photo album

WSCPA Members’ Reception September 16

4

9 - Several student members enjoy hors d’oeuvres, a popular feature of every WSCPA networking event.

10 - Elisha Kumar, Bryce Tjossem, and Joel Cambern share a laugh during a networking game.

11 - Janna Waldher and Matthew Reynolds discuss the Seattle Storm game in progress during the reception.

9 10

11

View more event photos online at www.wscpa.org (Community Section)

1


EVENTS

new professionals networking events

REGISTER and learn more at www.wscpa.org (search for NP in the Education & Events Catalog) or call (425) 644-4800. Location subject to change. Check online at www.wscpa.org for latest event details.

SPONSORS Event fees are low thanks to these sponsors:

NOV 17 Casino Night (NP09)Redhook Ale Brewery, Woodinville ONLY $20/PERSON

One lucky eligible attendee will win a CPA exam review prize.

2010 Happy Hour networking events

WSCPA happy hours are a great way to meet other members from your local area and enjoy free light appe-tizers. The Bellevue, Sammamish Valley, and Seattle Chapters invite you to monthly happy hour networking events. These events are held from 5-7:30 p.m. the second Tuesday of every month at a new location. Spokane happy hours, hosted by the New Professionals Committee are held the second Tues-day of the month at Shennanigan’s from 4:30-6:30 p.m.

DATES HAPPY HOURS

Nov 9 Rock Bottom Brewery, Seattle (HH03)

Nov 9 CI Shennanigan’s, Spokane (HH12)

Dec 14 Tap House Grill, Bellevue (HH04)

Dec 14 CI Shennanigan’s, Spokane (HH13)

Jan 11 Daniel’s Broiler, Seattle (HH05)

Feb 8 The Wilde Rover Irish Pub, Kirkland (HH06)

Mar 8 The Blarney Stone Pub, Seattle (HH07)

Apr 19 McCormick & Schmick’s Seafood, Bellevue (HH08)

To learn more, enter HH as a keyword in the WSCPA CPE and Event Catalog at www.wscpa.org/CPE/catalog.

*WsCpa ConferencesDATES CONFERENCE

Nov 11-12 Pacific NW Construction Industry Conference (CIC) Seattle

Nov 18-19 Not-for-Profit Conference (NFPC) Seattle

Dec 3 Fraud Conference (FDC) Bellevue

Dec 13-14 Information Technology Conference (ITC) Bellevue

Register and learn more at www.wscpa.org/CPE/conferences or call (800) 272-8273 (Toll-free in WA) or (425) 644-4800.

Final event of 2010!

BECOME A SPONSORContact Amy O’Donnell at [email protected] for sponsor levels and details. 20

11


FINANCIAL LITERACY

Canned Goods, Flashlight and Financial records? By Amy O’Donnell, WSCPA Financial Literacy Program Manager

The wind is whipping through your hair, the rain is beating down on

your face and the trees are swaying from side to side. This might sound like a scene from a movie or novel about a character facing down nature. Or, it could be the unnerving reality of a storm on a war-path in your neighborhood. Unlike the movie or novel, you can’t simply turn off the storm and call it a day.

Despite the importance of planning for an emergency, it can easily get lost on the “to do” list of busy lives. Sure we’ve all seen the pictures of kits—stockpiled water, canned goods, batteries and flash-lights—but a stack of financial records isn’t usually included. Do you have your financial disaster kit ready? CPAs prob-ably have their kits ready to go but I am willing to bet that many of your family members or clients do not.

Identifying the canned goods and flash-light equivalents of a financial kit can be overwhelming. There is a lot to consider. Focusing on these key pieces of informa-tion will provide the basics:

• Medical Information: Keep records of names of doctors, medical conditions, current medications and copies of medical cards for each family member. Emergency contacts outside of the area should be added to this information.

• IdentificationDocuments:Recent photos, contact infor-mation for work and school; birth, death, marriage and divorce records; passports, Social Security cards.

• Account Information: Finan-cial institution names, contact information, and account numbers including your invest-ments, retirement, credit cards and safe deposit box. The name and contact information for

your CPA, attorney and financial advisor should be included.

• Insurance Policies: Copies of all of your policies and company contact information (national and local).

• Inventory: Note what is in your household, the cost and value of items, where they were purchased, and warranties on major items.

• Income and Expenses: Keep a copy of recent paystubs, tax documents and your bills with the company contact informa-tion in the kit. You may need to contact companies to let them know of your circumstances and that your payments will be delayed.

Once the financial kit is ready, a copy of key information should be left with a trusted family member as a back up mea-sure.

Accessing financial support after an evacuation can present a new set of chal-lenges. Local banks and ATMs may be a part of the wreckage. When choosing

a bank or credit union, consider using one serving multiple states or access to a large network. It will make it easy to access accounts and the ATM once you are relocated to a safe area. The FDIC provides information banks affected by a disaster through 1-877-ASK-FDIC.

Homeowner and renters insurance provide immediate funds to assist with purchasing essentials such as water, food and shelter. In general, they provide a claim card with a preset limit that can be used like a debit card. Talk to your insurance agent to determine what will be covered and how this distribution will affect your overall payout.

Depending on the scale of the disaster, FEMA may be present and will provide assistance for temporary housing, and home and auto repair, moving and stor-age. This option is especially helpful for those without home or renters insur-ance. Disaster unemployment might be available as well. In some cases, employ-ers will continue to pay employees for up to 90 days. This will depend on the insurance they have and/or the company policy. To assist your employer, provide your account information ahead of time so they can deposit the funds into an account you can access in your reloca-tion area.

Retirement accounts can serve as another source of income. Withdrawals and loans from the account can provide cash for emergencies. These accounts should be considered as a last option and the tax implications should be reviewed.

No matter which option is used to keep a family financially afloat during this time, be sure to save all receipts for tem-porary and emergency living expenses. These records will be essential for the claim processes. Of course, you should recommend that family, friends and cli-ents talk with a CPA to understand the tax implications of each source.

Sources: AICPA, FEMA, CBS News

Sure we’ve all seen the pictures of kits—stockpiled water, canned goods, batteries and flashlights—but a stack of financial records isn’t usually included. Do you have your financial disaster kit ready?


CPE Digest Conferences ................................ page 26Education and Events ................ page 28Registration ................................. page 37

Need CPE? Look for this icon at www.wscpa.org. Click it to go directly to the CPE/Event Catalog.

Cluster CPEDecember 16-17Meydenbauer Center, Bellevue

12 classes, each worth 4 CPE credits

You pick four courses from a lineup of 12 four-hour CPE programs.

To see a list of classes, search for CL4 at www.wscpa.org/CPE/catalog

You pick!You pick!

On a quest for CPE?

sem

inar

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ebca

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web

inar

s

con

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Take advantage of the many CPE discounts, opportunities, and resources available to you. Learn more in this issue and online at www.wscpa.org/cpe.

The WSCPA offers every possible way of earning CPE:

q Seminars q Conferences

q Webcastsq Webinars

q Self study

Your one stop shop for CPE credits...


CPE DIGEST Register at www.wscpa.org or page 35CONFERENCES

Northwest Tax InstituteOctober 25-28, 2009

Planet Hollywood Resort & Casino, Las Vegas, Nevada

One of America’s Premiere Tax Institutes

Co-sponsored by the Washington and Oregon Societies of CPAs

November 18-19, 2010 | 8:00 a.m. - 4:30 p.m.Bell Harbor International Conference Center Seattle, WA

Not-for-profit organizations regularly face unique fiscal challenges but 2010 brings more than its fair share of change. This conference will provide an update on hot topics and make sure you are prepared for what lies ahead.

General Sessions: • Nonprofit Turnaround• GAAP Update from the FASB• Organizations and Their Ethical Environments• Behind the Headlines• Federal Tax & IRS Update• E-mail Management 101*

Plus, select from numerous Concurrent Sessions! GAAP Focus Session on Hot TopicsRecent Changes in Washington Taxes and State Registration Requirements

Techniques for Managing Your Information Technology in Today’s EnvironmentLegal and Accounting Aspects of Fiscal Sponsorship Arrangements: Best Practices and Traps for the Unwary

A-133 Audit UpdatePanel discussion on Not-for-Profit Sustainability

What the Watchdogs are Looking for on Form 990: Things That Could Make You Look Foolish or Get You in TroubleAuditing Standards Update

Preparing for Your AuditorTrends in NFP Capital Financing

The Power of Public AdvocacyDollars & Sense: Maximizing Returns on Marketing and Development Investments

16 CPE credits (up to 1 non-technical credit)WSCPA Members $335Non Members $410New! This conference is available as a webcast, WEBNFPC.

November 11-12, 2010 | 8:00 a.m. - 5:00 p.m.Bell Harbor International Conference Center, Seattle, WA

The 2010 Pacific NW Construction Industry Conference tackles current issues, recent changes and future trends facing construction financial management. Join national and local experts for an exchange of cutting edge information on the operational and financial issues facing this unique industry.

General Sessions: • Mastering the Art of Influence*• Leadership During Challenging Times*• How to Survive a Recession in the Construction Industry• Fraud - Why Construction Companies are Easy to Steal From• Critical Trends Driving the Future of this Industry

Plus, select from numerous Concurrent Sessions!2010 Federal Tax UpdateGAAP and GAAS UpdateProfessional Liability ...for CPAs Serving Construction

Recent Changes in Washington State and Local TaxesFinancial Reporting: Pressing Issues...IT Developments and Trends

Create a Dream Team: The Magic is in the Mix*Challenges Facing Accounting Professions...Constructing a Smart Social Media Program

Building the World’s Largest ... EcosystemPreventive Strategies in Dealing with a RecessionProtecting the Profit in Trying Times

Developing Future Talent: Hiring...“High Potentials”Strategic Planning in a Down MarketPanel Discussion: Federal Contracting

16 CPE credits (up to 4 non-technical credits)WSCPA and CFMA Members $525Non Members $600

Pac i f i c NW Constr uct ion Indus try Conference

Not-For-Prof i t Conference

CONFERENCES

Register today for CIC at www.wscpa.org/CPE/conferences

Register today for NFPC or WEBNFPC at www.wscpa.org/CPE/conferences

* non-tech credits

* non-tech credits

16 CPE credits 16 CPE credits

Invest one day. Uncover what’s new. Propel your practice. One of America’s Premier Tax Institutes Identifying opportunities in the NW construction industry Because it’s a worthwhile quest Explore. Analyze. Reveal. Trending Technology


Register at www.wscpa.org or page 35 CPE DIGEST

Northwest Tax Institute

Infor mat ion Tec hnology Conference

December 13-14, 2010 | 8:00 a.m. - 4:00 p.m.Meydenbauer Center, Bellevue, WA

Catch up on the essential tech trends for CPAs. From new software must-haves to practical tips, it’s all covered at this two day conference.

All sessions feature high quality, full-color computer projec-tion systems for clear viewing. This conference is designed for CPAs in public practice or industry who want to take better advantage of technology to improve efficiency and effectiveness.

General Sessions: Tech UpdateTen Things You May Have Missed In ExcelSecurity Tools - Up Close and PersonalAll Aboard for Windows 7

Plus, select from numerous Concurrent Sessions! Charting in Microsoft Office: What the User Manual Doesn’t Tell YouTechnologies for Tax, Practice Management, Audits, and Write-UpsAll Things Google!

How to Create a Lean, Clean Computing MachineiDigital – Everything In Digital FormatBecoming More Productive with Office 2010

Reviewing and Editing PDF DocumentsToday’s Virtual Office - Best Practices for Cutting the CordSocial Networking - Essentials for Business

Excel – The Business Analytics ToolSolving the Top QuickBooks IssuesBetter Options for Backup

16 CPE creditsWSCPA Members $550Non Members $630

December 3, 2010 | 8:00 a.m. - 4:30 p.m.Meydenbauer Center, Bellevue, WA

Do you know the latest tricks employed by fraudsters? Make sure your organization is not a victim. The 2010 Fraud Conference will give you the information you need to prevent and track down fraud.

General Sessions: Accounts Receivable Fraud Case Study

Hear a discussion of a case involving the municipal court of a small city and accounts receivable fraud totaling $290,200.

Computer Disbursement Fraud Case Study Learn about a complex and sophisticated computer disbursement fraud case study.

Fraud in the Health Care Industry Hear about medical fraud and examine the ways fraud pervades the health care industry.

The Medicaid Audit Process Learn how the Medicaid program approaches audits of medical providers, which is frequently the backbone of a criminal prosecution.

Current Events in the Attorney General’s Office Attorney General Rob McKenna will discuss current issues of interest to his office and to the citizens of Washington State.

Operations and Civil Law Enforcement Under the Consumer Protection Act in Washington Identify key elements of consumer protection laws in the State of Washington.

Know the People Discuss the importance of including personal motivation in the audit planning process.

Correlation, Expectation, and Fraud Using case studies, this session will demonstrate the application and benefit of using predictive modeling in fraud risk assessments.

8 CPE creditsWSCPA Members $220Non Members $295

Register today for ITC at www.wscpa.org/CPE/conferences

Register today for FDC at www.wscpa.org/CPE/conferences

CONFERENCES

16 CPE credits 8 CPE credits

Fraud Conference

Invest one day. Uncover what’s new. Propel your practice. One of America’s Premier Tax Institutes Identifying opportunities in the NW construction industry Because it’s a worthwhile quest Explore. Analyze. Reveal. Trending Technology

16 CPE credits


EDUCATION AND EVENTS Register at www.wscpa.org/CPE/catalog or page 37

Fees Date CPE

CreditsCourse Code Non-

Member Fee

WSCPA MemberFee

AICPA Member Discount

Facility Subject

# Type

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

ç New | non-tech credits | E Ethics credits | 4 credits | Conference | Y Yellow Book | C CFP | l Chapter event | Networking Event | S Season Ticket and Coupons N/A

EVENTS BY LOCATION WSCPA education and events scheduled for November 2010- January 2011 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE/Event Catalog at www.wscpa.org/CPE/catalog, you can search by location.

Locations in this CPE Digest issue

Bellevue p. 28 Seattle p. 32

Bellingham p. 30 Spokane p. 32

Everett p. 31 Tacoma p. 33

Kennewick p. 31 Vancouver p. 33

Lynnwood p. 31 Wenatchee p. 33

Olympia p. 31 Yakima p. 34

ONLINE Webcasts and Webinars p. 34

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

2010-2011 EVENT SCHEDULE To view the complete schedule of events through May 2011, refer to the CPE/Event Catalog at www.wscpa.org/cpe/catalog or the 2010-2011 Washington Professional Education Catalog. To request a copy of the catalog, call (800) 272-8273 (toll-free in WA) or e-mail [email protected].

SUBJECTS The main subject area is listed for each program.

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

Ø

Accounting and AuditingConsulting ServicesEmployee BenefitsEstate/Financial PlanningEthicsGovernment / NFPManagementPersonal DevelopmentSpecialized KnowledgeTaxationTechnology

A&A

CS

EB

PFP

Ethics

GNP

MG

PD

SK

TAX

TEC

Bellevue

Nov 1 8 Introduction to QuickBooks for the Accounting Professional, 8-4 pm COMQB1 305 230 0 WSCPA TEC

Nov 1 8 Audit Work Papers: Documenting and Reviewing Field Work, 8-4 pm ATDR 340 265 -30 WSCPA A&A

Nov 2 8 Analytical Review Procedures Using Excel, 8-4 pm COMEX7 305 230 0 WSCPA TEC

ç Nov 2 8 Dealing With the Collection Aspects of the IRS, 8-4 pm DWCA 340 265 0 WSCPA TAX

Nov 3 8 C The Best Income Tax, Estate Tax and Financial Planning Ideas of 2010, 8-4 pm IEPFP 350 275 0 WSCPA TAX

Nov 3-5 24 Staff Training - Semi Senior, 8-4 pm STP2A 770 655 0 WSCPA A&A

Nov 4 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW414 210 175 0 WSCPA Ethics

Nov 5 8 Governmental & Nonprofit Annual Update, 8-4 pm GNAU2 340 265 -30 WSCPA GNP

Nov 5 8 LOCATION CHANGE Washington State Community Property and Estate Tax Law Update, 8-4 pm

WKCP 340 265 0 Meydenbauer Center TAX

ç Nov 8 4 Effective Business Development Skills In Today’s Recession, 8-11:30 am EBS42 170 140 0 Meydenbauer Center SK

Nov 8 3 S

Financial Literacy and Presentation Skills, 9 am-12 pm CTVFL04 0 0 0 WSCPA SK

ç Nov 9 8 Creating a Positive Work Culture with Performance Feedback, 8-4 pm CPW2 340 265 0 WSCPA MG

Nov 9 8 Annual Update for Accountants and Auditors, 8-4 pm AUAA2 340 265 -30 WSCPA A&A

Nov 10 8 The Top 50 Mistakes Practitioners Make in Nonprofit Taxation and Governance Issues and How to Fix Them, 8-4 pm

GIBB 350 275 0 WSCPA GNP

Nov 10 8 Advanced Update for Compilation, Review and Accounting Services, 8-4 pm RPCR1 340 265 -30 WSCPA A&A

Nov 11-12 16 IFRS Essentials with GAAP Comparison: Building a Solid Foundation, 8-4 pm IFRS 540 425 -60 WSCPA A&A

ç Nov 11 8 Preparing the Nonprofit Series of Tax Returns for New Staff and Para-Profession-als, 8-4 pm

PNPR 350 275 0 WSCPA TAX

ç Nov 12 8 Money Laundering - A Guide for CPAs, 8-4 pm MLCPA 340 265 0 WSCPA SK

ç Nov 15 8 Team Building Within the Finance Function: A Challenge for Today’s CPA, 8-4 pm TBFF 340 265 -30 WSCPA MG

Nov 15-17 24 Staff Training - Beginning In Charge, 8-4 pm STP3A 770 655 0 WSCPA A&A

ç Nov 16 8 Inside the IRS - A Tour for CPAs, EAs and Accountants, 8-4 pm ITI2 340 265 0 WSCPA SK

Nov 17 8 Getting Ready for Tax Season - Individuals and Self-Employeds, 8-4 pm GTSI 340 265 0 WSCPA TAX

Nov 17 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW411 210 175 0 Meydenbauer Center Ethics

Fees Date CPE


Member Fee

WSCPA MemberFee


Facility Subject

# Type



Register at www.wscpa.org/CPE/catalog or page 37 EDUCATION AND EVENTS


Fees Date CPE


MemberFee

WSCPA MemberFee


Facility Subject

# Type


Nov 18 8 C Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC2 340 265 -30 WSCPA TAX

Nov 18 8 Cash and Tax Basis Financial Statements - Preparation and Reporting, 8-4 pm CTB2 340 265 -30 WSCPA A&A

Nov 18 1.5 l S

Federal Tax Update, 7:15-9 am CHBA04 40 35 0 Maggiano’s, Lincoln Sq TAX

Nov 19 8 Studies on Single Audit and Yellow Book Deficiencies, 8-4 pm SAYB 340 265 -30 Meydenbauer Center GNP

ç Nov 19 8 Advanced Real Estate Accounting, Auditing & Taxation, 8-4 pm ARE 340 265 -30 WSCPA A&A

Nov 22 8 Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm CRUR6 370 295 0 WSCPA A&A

ç Nov 23 8 GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME5 370 295 0 WSCPA A&A

ç Nov 23 8 Traps and Pitfalls in Estate Planning, 8-4 pm TRAP 340 265 0 WSCPA PFP

Nov 23 8 Washington B & O and Sales Tax, 8-4 pm WSTX4 340 265 0 Meydenbauer Center TAX

Nov 30 8 International Taxation: To and From the United States, 8-4 pm ITTF 340 265 -30 WSCPA TAX

Dec 1 8 More QuickBooks for the Accounting Professional, 8-4 pm COMQB2 305 230 0 WSCPA TEC

Dec 1-3 24 Staff Training - Supervisory, 8-4 pm STP4A 770 655 0 WSCPA A&A

Dec 2 8 Excel Pivot Tables, 8-4 pm COMEX8 305 230 0 WSCPA TEC

Dec 3 8 Excel for Windows Advanced, 8-4 pm COMEX9 305 230 0 WSCPA TEC

Dec 3 8 u Fraud Conference, 8 am-4:30 pm FDC 295 220 0 Meydenbauer Center SK

ç Dec 6 8 Tax Deferred Exchanges Under Section 1031, 8-4 pm TDEX 340 265 0 WSCPA TAX

Dec 6 8 Buying & Selling a Private Company - Both Tax & Non-Tax Aspects, 8-4 pm BSPC 340 265 0 WSCPA TAX

ç Dec 7 8 Tax Aspects of Bankruptcy: All Need Not Be Lost, 8-4 pm TAOB 340 265 0 WSCPA TAX

Dec 7 8 Increasing, Preserving & Transferring Wealth, 8-4 pm IPTW 340 265 0 WSCPA TAX

Dec 8 8 LLC and Partnership Taxation: Beyond the Basics, 8-4 pm NBLLC 340 265 -30 WSCPA TAX

Dec 8 8 Chief Financial Officer: Executive Level Skills for Financial Managers, 8-4 pm CFO 340 265 0 WSCPA MG

Dec 8 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW416 210 175 0 Meydenbauer Center Ethics

Dec 9 8 Presentation Skills Workshop - Make Your Message Compelling, 8-4 pm PSCFO 340 265 0 WSCPA PD

ç Dec 9 8 AICPA’s Technical Hotline Annual Update: Top 12 Audit Speed Bumps, 8-4 pm TTAU 340 265 -30 WSCPA A&A

Dec 9 4 What Not-for-Profit Board Treasurers Need to Know, 8-11:30 am WBTN42 110 110 0 Meydenbauer Center SK

Dec 9 1.5 l S

Town Hall with the Washington State Treasurer, 7:15-9 am CHBA05 40 35 0 Maggiano’s, Lincoln Sq SK

ç Dec 10 8 Performance Management: Translating Strategy into Results, 8-4 pm PM1 340 265 0 WSCPA MG

ç Dec 10 8 Metrics Management: Choose & Use Key Performance Indicators, 8-4 pm PM2 340 265 0 WSCPA MG

ç Dec 10 8 Risk Assessment and Audit Sampling: Applying the New Audit Sampling Guide Requirements, 8-4 pm

RAAS 340 265 -30 WSCPA A&A

Dec 10 8 Auditing Standards Update and Review by Walter Haig, 8-4 pm AUUR1 370 295 0 Meydenbauer Center A&A

Dec 13 8 Form 990: Moving Beyond the Basics, 8-4 pm AF990 340 265 -30 WSCPA TAX

Dec 13 8 Accounting and Auditing Update, 8-4 pm AAAU2 340 265 0 WSCPA A&A

Dec 13-14 16 u Information Technology Conference, 8-4 pm ITC 630 550 0 Meydenbauer Center TEC

ç Dec 14 4 International Accounting Standards Differences with US GAAP, 8-11:30 am IFRSI41 170 140 0 WSCPA A&A

Dec 14 4 Loscalzo’s Frequently Asked Questions on Audit Issues, 12:30-4 pm PPDA41 170 140 0 WSCPA A&A

Dec 14 8 E Professional Conduct and Ethics for CPAs and CMAs in Business and Industry, 8-4 pm

PCE 340 265 0 WSCPA Ethics

Dec 14 0 S Happy Hour Networking Event, 5-7:30 pm HH04 0 0 0 Tap House Grill PD

Dec 15 8 Applying the Risk Assessment Standards Using a Case Study Approach, 8-4 pm RCSA 340 265 -30 WSCPA A&A

Dec 15 8 Nonprofit Auditing and Accounting Update, 8-4 pm NAU2 340 265 -30 WSCPA GNP

Dec 16 4 Compilation, Review, and Accounting Service Update, 8-11:30 am CL4COMP 170 140 0 Meydenbauer Center A&A

Dec 16 4 Write-up, Payroll and Other Accounting Services: Managing the Risks, 12:30-4 pm CL4BPOA 170 140 0 Meydenbauer Center A&A

Dec 16 8 Advanced Auditing of HUD-Assisted Projects, 8-4 pm EOAHUD 340 265 -30 WSCPA GNP

Dec 16 4 Controller’s Update: Latest Trends for Today’s Financial Manager, 8-11:30 am CL4SKSB 170 140 0 Meydenbauer Center MG

Dec 16 4 Taking Planning and Budgeting to a Higher Level: Critical Skills to Make the Trip, 12:30-4 pm

CL4CSCB 170 140 0 Meydenbauer Center MG

ç Dec 16 4 Practical Tax Tips and Techniques for Closely-Held Businesses, 8-11:30 am CL4CHBT 170 140 0 Meydenbauer Center TAX



Fees Date CPE


Member Fee

WSCPA MemberFee


Facility Subject

# Type



Dec 16 4 C Solving the Choice of Entity Riddle: Key Tax and Business Implications, 12:30-4 pm CL4CEKI 170 140 0 Meydenbauer Center TAX

Dec 17 4 Annual Update for State & Local Governments and Not-For-Profits, 8-11:30 am CL4GNAU 170 140 0 Meydenbauer Center GNP

Dec 17 4 Preventing Common OMB A-133 & Yellow Book Deficiencies: A Case Study Approach, 12:30-4 pm

CL4SAYB 170 140 0 Meydenbauer Center GNP

ç Dec 17 4 Essential Skills for the Survival and Growth of Your Organization, 8-11:30 am CL4SGYC 170 140 0 Meydenbauer Center MG

Dec 17 4 Coaching: Enhancing Employee Performance, 12:30-4 pm CL4CFR 170 140 0 Meydenbauer Center MG

ç Dec 17 4 C Individual Income Tax Update, 8-11:30 am CL4TSUI 170 140 0 Meydenbauer Center TAX

ç Dec 17 4 C Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth, 12:30-4 pm CL4EPE 170 140 0 Meydenbauer Center TAX

ç Dec 17 4 High Sensitivity in Independence, Conflicts of Interest, Confidentiality and Fiduciary Duty, 8-11:30 am

HSIC41 210 175 0 WSCPA A&A

Dec 20 8 Introduction to Microsoft PowerPoint, 8-4 pm COMPP3 305 230 0 WSCPA TEC

Dec 20 8 The Ultimate Tax Research Course, 8-4 pm UTR1 340 265 0 WSCPA TAX

Dec 21 8 DATE & LOCATION CHANGE: A Practical Guide to Trusts, 8-4 pm PGT1 340 265 0 Meydenbauer Center PFP

Dec 21 8 C Advanced Tax Strategies for LLC & Partnership Transactions, 8-4 pm APLPT2 340 265 -30 WSCPA TAX

ç Dec 21 8 How to be a More Effective Manager, 8-4 pm MEM 340 265 0 Meydenbauer Center PD

Dec 21 8 Introduction to Visio, 8-4 pm COMVI1 305 230 0 WSCPA TEC

ç Dec 22 Constant Velocity: How to Keep Your Career and Your Results, 8-4 pm CVC 340 265 0 Meydenbauer Center PD

ç Dec 22 8 DATE CHANGE: The Complete Guide to Estate Administration, 8-4 pm CGEA1 340 265 0 WSCPA PFP

ç Dec 28 8 GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm


Dec 29 8 Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm CRUR7 370 295 0 WSCPA A&A

Dec 30 4 OCBOA: Accounting Standards and Reporting Standards for the Cash Basis and Tax Basis by Walter Haig, 12:30-4 pm

OCBOA41 195 165 0 WSCPA A&A

Dec 30 4 E Ethics and Quality Control Standards Update and Review for Washington CPAs by Walter Haig, 8-11:30 am

ET41 195 165 0 WSCPA Ethics

ç Jan 5 4 2010 Health Care Reform Act: Critical Tax and Insurance Ramifications for You, Your Business and Your Clients, 8-11:30 am

CL4HCRA2 170 140 0 WSCPA SK

Jan 10 8 Creating Web Pages with HTML, 8-4 pm COMHT1 305 230 0 WSCPA TEC

Jan 11 8 PC Trouble Shooting & Maintenance, 8-4 pm COMPC1 305 230 0 WSCPA TEC

ç Jan 12-13 16 Tax Staff Training - Level 3 - Advanced Issues, 8-4 pm TSTA 540 425 0 WSCPA TAX

Jan 12 8 Using Outlook as a Personal Information Manager, 8-4 pm COMOU2 305 230 0 WSCPA TEC

ç Jan 14 8 Family Limited Partnerships, 8-4 pm FLP 340 265 0 WSCPA TAX

Jan 17 8 Charting with Excel, 8-4 pm COMEX10 305 230 0 WSCPA TEC

Jan 18 8 Andy Biebl’s Tax Advisor’s Update, 8-4 pm BTAU2 400 325 0 Meydenbauer Center TAX

Jan 18 8 Wireless Networking for the Small Office/Home, 8-4 pm COMWN 305 230 0 WSCPA TEC

Jan 19 8 Crystal Reports Introduction, 8-4 pm COMCR3 305 230 0 WSCPA TEC

Jan 20 1.5 l S

Economic Update by the Editor Emeritus of the Marple’s Letter, 7:15-9 am CHBA06 40 35 0 Maggiano’s, Lincoln Sq SK

Jan 25 8 Auditing Standards Update and Review by Walter Haig, 8-4 pm AUUR2 370 295 0 WSCPA A&A

Jan 25 8 The Complete Guide to the Preparation of Form 1041, 8-4 pm CG1041 340 265 0 WSCPA PFP

ç Jan 26 8 GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm


Jan 27 8 Introduction to Access, 8-4 pm COMAC1 305 230 0 WSCPA TEC

Jan 27 8 Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm CRUR8 370 295 0 WSCPA A&A

Jan 28 8 Introduction to QuickBooks for the Accounting Professional, 8-4 pm COMQB3 305 230 0 WSCPA TEC

Bellingham

Nov 3 8 C Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8-4 pm BDPTE1 340 265 -30 Lakeway Inn/Conf Ctr TAX

Nov 4 8 C Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC1 340 265 -30 Lakeway Inn/Conf Ctr TAX

Nov 8 8 Annual Update for Accountants and Auditors, 8-4 pm AUAA1 340 265 -30 Lakeway Inn/Conf Ctr A&A

Nov 18 8 Nonprofit Auditing and Accounting Update, 8-4 pm NAU1 340 265 -30 Lakeway Inn/Conf Ctr GNP

Dec 7 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW415 210 175 0 Lakeway Inn/Conf Ctr Ethics

Jan 12 8 Federal Tax Update - Individuals (Form 1040), 8-4 pm FTUI3 340 265 0 Lakeway Inn/Conf Ctr TAX




Fees Date CPE


MemberFee

WSCPA MemberFee


Facility Subject

# Type


Jan 13 8 Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB3 340 265 0 Lakeway Inn/Conf Ctr TAX

Everett

ç Nov 8 8 Bankruptcy Today: What Every CPA Must Know!, 8-4 pm BNKT 340 265 -30 Edward D Hansen Conf Ctr

SK

Nov 10 8 C Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships, 8-4 pm TLLLO 340 265 -30 Edward D Hansen Conf Ctr

TAX

Nov 22 8 FASB Review for Industry, 8-4 pm FASBI2 340 265 -30 Edward D Hansen Conf Ctr

A&A

Dec 3 8 C AICPA’s Hottest Tax Topics for 2010, 8-4 pm HOT2 340 265 -30 Edward D Hansen Conf Ctr

TAX

Dec 6 8 Troublesome Tax Issues for Federal Payroll Taxes, Benefits and Form 1099s, 8-4 pm APFPT 340 265 -30 Edward D Hansen Conf Ctr

TAX

Dec 7 8 C IRAs, Roth IRAs, SIMPLEs and SEPs: Contributions, Rollovers, Distributions, and More, 8-4 pm

IRSS 340 265 -30 Edward D Hansen Conf Ctr

TAX

Dec 9 8 AICPA’s Annual Business Law Update, 8-4 pm ABLU2 340 265 -30 Edward D Hansen Conf Ctr

MG

Dec 14 8 C AICPA’s 2010 Individual Tax Review Series: Beyond the Basics, 8-4 pm TRBB 340 265 -30 Edward D Hansen Conf Ctr

TAX

Kennewick

Nov 2 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW406 210 175 0 Hilton Garden Inn Tri-Cities/ Kennewick

Ethics

Nov 9 8 Annual Update for Accountants and Auditors, 8-4 pm AUAA3 340 265 -30 Hilton Garden Inn Tri-Cities/ Kennewick

A&A

Nov 11 8 Advanced Update for Compilation, Review and Accounting Services, 8-4 pm RPCR2 340 265 -30 Hilton Garden Inn Tri-Cities/ Kennewick

A&A

Nov 18 8 Federal Tax Update - Individuals (Form 1040), 8-4 pm FTUI1 340 265 0 Three Rivers Conv Ctr TAX

Nov 19 8 Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB1 340 265 0 Three Rivers Conv Ctr TAX

Kirkland

Nov 16 2 l S

Identity Theft and Client Data Protection Responsibilities, 7-9 am CHSV01 20 20 0 Marriott Courtyard - Totem Lake

TEC

Dec 14 2 l S

Wealth Management - Accumulation to Distribution, 7-9 am CHSV06 20 20 0 Marriott Courtyard - Totem Lake

PFP

Jan 18 2 l S

Federal Income Tax Update, 7-9 am CHSV08 20 20 0 Marriott Courtyard - Totem Lake

TAX

Lynnwood

Nov 5 8 C Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8-4 pm BDPTE2 340 265 -30 Lynnwood Conv Ctr TAX

Nov 9 2 l S

Tax Saving Ideas: Strategies and Credits for Your Company and Clients, 3:30-5:30 pm

CHSN03 20 20 0 Hampton Inn Lyn-nwood

TAX

Nov 16 8 Advanced Controller and CFO Skills, 8-4 pm ACCS2 340 265 -30 Lynnwood Conv Ctr MG

Nov 18 8 Your 2010 Guide of Taxsmart Ways to Cut Taxes for Closely-Held Business and Professionals, 8-4 pm

TWCB 340 265 0 Lynnwood Conv Ctr TAX

Dec 15 8 Federal Tax Update - Individuals (Form 1040), 8-4 pm FTUI2 340 265 0 Lynnwood Conv Ctr TAX

Dec 16 8 Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB2 340 265 0 Lynnwood Conv Ctr TAX

Dec 20 8 C Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC3 340 265 -30 Lynnwood Conv Ctr TAX

Olympia

Nov 2 8 Auditor/Accountant Communications: SASs 112 & 115 and Other Critical Require-ments, 8-4 pm

ACCNR 340 265 -30 Red Lion Olympia A&A

Nov 3 1 l S

Cloud Computing - An Example CHOM02 20 20 0 Indian Summer Golf TEC

Nov 3 8 Compilation and Review Engagement Essentials, 8-4 pm ICRE 340 265 -30 Red Lion Olympia A&A

Nov 9 8 C Closely Held Business Taxation: 49 Practical Ways to Cut Taxes, 8-4 pm CHBT3 340 265 -30 Red Lion Olympia TAX

Nov 11 8 Annual Update for Accountants and Auditors, 8-4 pm AUAA4 340 265 -30 Red Lion Olympia A&A

Nov 16 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW410 210 175 0 Red Lion Olympia Ethics

Nov 19 8 C AICPA’s Hottest Tax Topics for 2010, 8-4 pm HOT1 340 265 -30 Red Lion Olympia TAX



Fees Date CPE


Member Fee

WSCPA MemberFee


Facility Subject

# Type



Dec 6 8 The Best S Corporation Limited Liability and Partnership Update Course by Surgent McCoy, 8-4 pm

BCPE2 350 275 0 Red Lion Olympia TAX

Dec 7 8 C The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm BITU1 350 275 0 Indian Summer Golf TAX

Dec 8 8 Accounting and Reporting Practices of Not-for-Profit Organizations, 8-4 pm FSNPO 340 265 -30 Indian Summer Golf GNP

Pasco

Nov 8 1 l S

1031 Exchanges, 12-1 pm CHCN04 15 15 0 Florentyna’s Restaurant TAX

Dec 13 1 l S

Fun Tax Update, 12-1 pm CHCN05 15 15 0 Florentyna’s Restaurant TAX

Seattle

Nov 9 8 Business Law Essentials for Accountants, 8-4 pm BLT 340 265 -30 DoubleTree Guest Suites Southcenter

MG

Nov 9 0 S Happy Hour Networking Event, 5-7:30 pm HH03 0 0 0 Rock Bottom Brewery PD

Nov 11 8 C Advanced Tax Strategies for S Corporations, 8-4 pm ADVSC 340 265 -30 DoubleTree Guest Suites Southcenter

TAX

Nov 11-12 16 u Pacific NW Construction Industry Conference, 8 am-5 pm CIC 600 525 0 Bell Harbor Intl Conf Ctr

SK

Nov 16 2 l S

Tax Outlook for 2010 & Beyond/Recent Significant Changes in Washington Excise Taxes, 7:30-9:30 am

CHSE04 40 30 0 Women’s University Club of Seattle

TAX

Nov 18-19 16 u Not-for-Profit Conference, 8 am-4:30 pm NFPC 410 335 0 Bell Harbor Intl Conf Ctr

A&A

ç Nov 22 8 Estate Planning for 2010 and Beyond, 8-4 pm 2010 340 265 0 Cedarbrook Lodge PFP

Nov 23 8 Fair Value Accounting: A Critical New Skill for All CPAs, 8-4 pm FVA 340 265 -30 WA State Conv Ctr A&A

Dec 1 8 C AICPA’s Annual Tax Update: Corporations and Pass-Through Entities, 8-4 pm TSUC 340 265 -30 DoubleTree Guest Suites Southcenter

TAX

Dec 1 8 Accounting and Auditing Update, 8-4 pm AAAU1 340 265 0 WA State Conv Ctr A&A

ç Dec 2 8 C Estate Planning Essentials: Tax Relief for Your Client’s Estates, 8-4 pm EPE2 340 265 -30 WA State Conv Ctr TAX

Dec 6 8 Construction Contractors Advanced Issues, 8-4 pm CCAI 340 265 -30 WA State Conv Ctr A&A

Dec 7 8 Accounting and Finance for Construction Contractors, 8-4 pm CAFC 340 265 -30 DoubleTree Guest Suites Southcenter

A&A

Dec 7 8 International versus U.S. Accounting: What in the World is the Difference?, 8-4 pm IUSA 340 265 -30 WA State Conv Ctr A&A

ç Dec 8 8 IFRS Update and Review of Complex Topics, 8-4 pm IUP 340 265 -30 WA State Conv Ctr A&A

ç Dec 9 8 C Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps, 8-4 pm DTT 340 265 -30 WA State Conv Ctr TAX

ç Dec 10 8 Advanced FASB Review and Update: Tackling the Tougher GAAP Issues, 8-4 pm AFASB 340 265 -30 WA State Conv Ctr A&A

Dec 10 8 Tough Economic Times, Current Issues, and Critical Ethical Judgments, 8-4 pm CEJ 340 265 -30 Hilton Seattle Airport A&A

Dec 14 8 Not-for-Profit Accounting & Reporting: From Start to Finish, 8-4 pm NPAR1 340 265 -30 DoubleTree Guest Suites Southcenter

GNP

ç Dec 14 8 Financial Meltdown and Great Recession, 8-4 pm TFMD 340 265 0 WA State Conv Ctr SK

Dec 15 8 C AICPA’s Annual Tax Update: Individuals and Sole Proprietors, 8-4 pm TSUI 340 265 -30 WA State Conv Ctr TAX

Dec 16-17 16 Accounting and Reporting Standards Annual Update and Review by Walter Haig, 8-4 pm

ARSUR3 600 485 0 DoubleTree Guest Suites Southcenter

A&A

Dec 17 8 Basis Calculations & Distributions for Pass-Thru Entities - Everything You Need to Know!, 8-4 pm

BCAD 340 265 0 WA State Conv Ctr TAX

Jan 11 0 S Happy Hour Networking Event, 5-7:30 pm HH05 0 0 0 Daniel’s Broiler PD

Jan 14 8 Health Savings Accounts (HSAs), Medicare, Tax Favored Health Care Plans & Medi-cal Expenses, 8-4 pm

TFHCP 340 265 0 WA State Conv Ctr TAX

Jan 18 1 l S

Economic and Revenue Outlook, 12-1 pm CHSE02 40 30 0 Women’s University Club of Seattle

SK

Spokane

Nov 4 8 Governmental & Nonprofit Annual Update, 8-4 pm GNAU1 340 265 -30 Hampton Inn Spokane GNP

Nov 4 2 l S

Federal Tax Update, 12-2 pm CHSP04 50 50 0 Red Lion River Inn TAX

ç Nov 5 8 GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME4 370 295 0 Hampton Inn Spokane A&A

Nov 8 8 C S Corporation Key Issues, Compliance, and Strategies: An IRS Target Area, 8-4 pm SCORP2 340 265 -30 Hampton Inn Spokane TAX




Fees Date CPE


MemberFee

WSCPA MemberFee


Facility Subject

# Type


Nov 9 8 C Advanced Tax Strategies for LLC & Partnership Transactions, 8-4 pm APLPT1 340 265 -30 Hampton Inn Spokane TAX

Nov 9 0 S Happy Hour Networking Event, 4:30-6:30 pm HH12 0 0 0 C I Shenanigans PD

Nov 10 2 l S

E Clair Daniels Event: Accounting Issues in the Health Care Industry as They Relate to Cancer Care Northwest, 12-2 pm

CHSP12 40 40 0 The Spokane Club SK

Nov 10 2 l S

Accounting for Our Decisions, 12-2 pm CHSP15 40 40 0 The Spokane Club SK

Nov 11 2 S Improving Lives Through Market Solutions - Recommendations on Education Envi-ronment, Government Reform, Health Care, Transportation and Small, 12-2 pm

CHSP05 50 50 0 Red Lion River Inn SK

ç Nov 12 8 The Top 50 Mistakes Practitioners Make and How to Fix Them: Dealing with the IRS, 8-4 pm

IRSM 350 275 0 Hampton Inn Spokane TAX

Nov 15 8 C Surgent McCoy’s Advanced Critical Tax Issues for S Corporations, 8-4 pm ACTS 350 275 0 Hampton Inn Spokane TAX

Nov 16 8 Advanced Technical Tax Forms Training - LLCs, S Corporations, and Partnerships, 8-4 pm

ACTL 350 275 0 Hampton Inn Spokane TAX

Nov 18 2 l S

Identification and Mitigation of Fraud Risk “Red Flags”, 12-2 pm CHSP06 50 50 0 Red Lion River Inn A&A

Nov 19 8 Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm CRUR5 370 295 0 Hampton Inn Spokane A&A

Nov 22 8 The Coming IFRS Conversion: Preparing for the Ultimate GAAP Makeover, 8-4 pm IFRSC1 340 265 0 Hampton Inn Spokane A&A

Nov 23 8 Only Financial Officer 2.0: More Skills for Smaller Company Financial Managers, 8-4 pm

OFO 340 265 0 Hampton Inn Spokane MG

ç Dec 1 8 C Estate Planning Essentials: Tax Relief for Your Client’s Estates, 8-4 pm EPE1 340 265 -30 Hampton Inn Spokane TAX

Dec 2 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW408 210 175 0 Hampton Inn Spokane Ethics

Dec 7 8 Not-for-Profit Accounting & Reporting: From Start to Finish, 8-4 pm NPAR2 340 265 -30 Hampton Inn Spokane GNP

Dec 8 8 AICPA’s Annual Business Law Update, 8-4 pm ABLU1 340 265 -30 Hampton Inn Spokane MG

Dec 8 2 l S

2010 Tax Update, 12-2 pm CHSP10 40 40 0 The Spokane Club TAX

Dec 13 8 Loscalzo’s Hands on Guide to Understanding and Testing Internal Controls, 8-4 pm HGTC 340 265 0 Hampton Inn Spokane A&A

Dec 14 0 S Happy Hour Networking Event, 4:30-6:30 pm HH13 0 0 0 C I Shenanigans PD

Dec 20 8 Employee Benefit and Retirement Planning: Pension and Deferred Compensation Tools, 8-4 pm

EBLH1 340 265 0 Hampton Inn Spokane EB

Jan 12 1 l S

Economic Update, 12-1:15 pm CHSP11 30 30 0 The Spokane Club SK

Jan 17 8 Andy Biebl’s Tax Advisor’s Update, 8-4 pm BTAU1 400 325 0 Mirabeau Park Hotel TAX

Tacoma

Nov 4 8 C Federal Estate and Gift Tax Returns - Forms 706 and 709 Workshop, 8-4 pm GIFT 350 275 0 Pacific Grill Events Ctr TAX

Nov 5 8 C Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know, 8-4 pm

SSRB 350 275 0 Pacific Grill Events Ctr TAX

Nov 16 8 Getting Ready for Tax Season - Business Clients: A Year-End Update for Small Business Clients, 8-4 pm

GTSB 340 265 0 Pacific Grill Events Ctr TAX

Dec 6 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW412 210 175 0 Pacific Grill Events Ctr Ethics

Dec 7 8 Washington B & O and Sales Tax, 8-4 pm WSTX3 340 265 0 Pacific Grill Events Ctr TAX

Dec 8 8 Real Estate Taxation, 8-4 pm RET 340 265 0 Pacific Grill Events Ctr TAX

ç Dec 9 8 AICPA’s Technical Hotline Annual Update: Top 10 GAAP Speed Bumps, 8-4 pm TTGP 340 265 -30 Pacific Grill Events Ctr A&A

Dec 14 8 Auditing Real-World Frauds: A Practical Case Application Approach, 8-4 pm ARWF 340 265 -30 Pacific Grill Events Ctr A&A

Dec 15 8 Loscalzo’s Disclosure: The Key to Financial Statements, 8-4 pm DKFS 340 265 0 Pacific Grill Events Ctr A&A

Dec 21 8 The Ultimate Tax Research Course, 8-4 pm UTR2 340 265 0 Pacific Grill Events Ctr TAX

Jan 6 8 Preparing Corporate Tax Returns for New Staff and Para-Professionals, 8-4 pm PCTR 350 275 0 Pacific Grill Events Ctr TAX

Jan 7 8 Preparing Individual Tax Returns for New Staff and Para-Professionals, 8-4 pm PITR 350 275 0 Pacific Grill Events Ctr TAX

Vancouver

Nov 4 8 Small Business Accounting and Auditing Update, 8-4 pm SBAA 340 265 -30 Red Lion at the Quay A&A

Nov 8 8 C Closely Held Business Taxation: 49 Practical Ways to Cut Taxes, 8-4 pm CHBT2 340 265 -30 Red Lion at the Quay TAX

Dec 15 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW413 210 175 0 Red Lion at the Quay Ethics

Wenatchee

Nov 17 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW407 210 175 0 Red Lion Wenatchee Ethics



Fees Date CPE


Member Fee

WSCPA MemberFee


Facility Subject

# Type



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

BCPE3 350 275 0 Red Lion Wenatchee TAX

Dec 9 8 C The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm BITU2 350 275 0 Red Lion Wenatchee TAX

Woodinville

Nov 17 0 S Casino Night - New Professionals Networking Event, 6-8:30 pm NP09 20 20 0 Redhook Ale Brewery PD

Yakima

Nov 16 2 l S

Fraud Prevention, 7:30-9:30 am CHYK04 25 25 0 Howard Johnson Plaza A&A

Dec 3 4 E CPE in Ethics: A Requirement in Washington State, 8-11:30 am CENRW409 210 175 0 Clarion Hotel/Conf Ctr

Ethics

Dec 10 8 C The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm BITU3 350 275 0 Clarion Hotel/Conf Ctr

TAX

Dec 21 2 l S

International Business Transactions, 7:30-9:30 am CHYK05 25 25 0 Howard Johnson Plaza SK

Your Desk

ç Nov 1 2 S

WEBCAST: Five Clients in Five Days, 8-10 am WEB187 109 79 0 Webcast MG

ç Nov 1 2 S

WEBCAST: Make Meetings Matter, 10 am-12 pm WEB192 109 79 0 Webcast MG

ç Nov 1 2 WEBCAST: CFO and Controller’s Toolkit, Part 2, 8-10 am WEB197 109 79 0 Webcast MG

ç Nov 1 3 WEBCAST: Risk Management, Part 2 WEB198 129 99 0 Webcast MG

ç Nov 2 8 WEBCAST: Small Firm Best Practices Conference, 8:30 am-4:30 pm WEB48 295 255 0 Webcast MG

ç Nov 3 3 WEBCAST: Accounts Receivable Management, 8-11 am WEB185 129 99 0 Webcast MG

ç Nov 3 1 S WEBINAR: Unclaimed Property - Making Claims and Getting Claims, 9-10 am WAWNR13 35 20 0 Webinar SK

ç Nov 3 2 S Section 7216 Regulations Affecting Tax Preparers, 8-10 am WNR128 89 74 0 Webinar SK

ç Nov 3 3 WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm WEB186 129 99 0 Webcast MG

ç Nov 4 4 WEBCAST: IFRS Adoption and Financial Statement Convergence: Two Topics; One Business Issue, 12-4 pm

WEB147 159 129 0 Webcast MG

ç Nov 4 8 C WEBCAST: Advanced Personal Financial Planning Update, 8:30 am-4:30 pm WEB49 295 255 0 Webcast PFP

ç Nov 4 2 S Adobe Acrobat for Accountants I - Basic Features & Functions, 8-10 am WNR129 89 74 0 Webinar SK

ç Nov 5 8 WEBCAST: Family Law Conference, 8:30 am-4:30 pm WEB50 295 255 0 Webcast SK

ç Nov 5 2 S Excel - Basic Techniques for the Novice User, 8-10 am WNR130 89 74 0 Webinar SK

ç Nov 5 2 S Excel - Formulas and Functions, 11 am-1 pm WNR131 89 74 0 Webinar SK

ç Nov 8 2 S


ç Nov 8 2 S


ç Nov 8 8 WEBCAST: Green Accounting and Sustainability Issues, 8:30 am-4:30 pm WEB51 295 255 0 Webcast A&A

ç Nov 8 8 Date Change - WEBCAST: Intellectual Property Institute, 8:30 am-4:30 pm WEB11 295 255 0 Webcast MG

ç Nov 9 1.5 S WEBCAST: Professional Issues Update - Complimentary to WSCPA Members!, 9-10:30 am

WEB200 25 0 0 Webcast SK

ç Nov 9 4 WEBCAST: Enterprise Risk Management for SMEs - Small to Medium Enterprises: Risk Plays No Favorites, 7-11 am


ç Nov 9 2 S Microsoft PowerPoint Level 1 - Creating Professional Presentations, 8-10 am WNR132 89 74 0 Webinar SK

ç Nov 9 2 S Microsoft PowerPoint Level 2 - Advanced Presentation Design, 11 am-1 pm WNR133 89 74 0 Webinar SK

ç Nov 10 1 S WEBINAR: When Bad Things Happen to Good Accountants: Business Continuity & Disaster Planning, 9-10 am

WAWNR18 35 20 0 Webinar MG

ç Nov 10 8 WEBCAST: Bankruptcy Conference, 8:30 am-4:30 pm WEB52 295 255 0 Webcast SK

ç Nov 10 2 S Microsoft Office 2007 - What’s New?, 11 am-1 pm WNR134 89 74 0 Webinar SK

ç Nov 11 8 C WEBCAST: Pension and Profit-Sharing Plan Strategies, 8:30 am-4:30 pm WEB53 295 255 0 Webcast TAX

ç Nov 11 2 S Outlook Part 1 - E-mail Management Tips & Techniques (Basic), 8-10 am WNR135 89 74 0 Webinar SK

ç Nov 15 2 S


ç Nov 15 2 S





Fees Date CPE


MemberFee

WSCPA MemberFee


Facility Subject

# Type


ç Nov 15 8 WEBCAST: Practical Financial Accounting and Auditing Update, 8:30 am-4:30 pm WEB54 295 255 0 Webcast A&A

ç Nov 16 8 WEBCAST: Accounting & Auditing for the Tax Practitioner, 8:30 am-4:30 pm WEB55 295 255 0 Webcast A&A

ç Nov 17 1 S WEBINAR: Consulting on Cancellation of Debt with Clients, What You Need to Know, 9-10 am

WAWNR15 35 20 0 Webinar TAX

ç Nov 17 8 WEBCAST: Knowing Your Client’s Numbers: Beyond Activity -Based Costing, 8:30 am-4:30 pm

WEB56 295 255 0 Webcast A&A

ç Nov 17 2 S Client Portals - How to Develop A Strategic Model, 8-10 am WNR136 89 74 0 Webinar SK

ç Nov 17 2 S CPA Software Review and Roundup, 11 am-1 pm WNR137 89 74 0 Webinar SK

ç Nov 18-19 16 WEBCAST: Not-for-Profit Conference, 8 am-4:30 pm WEBNFPC 310 235 0 Webcast A&A

ç Nov 18 8 WEBCAST: Real Estate Conference, 8:30 am-4:30 pm WEB57 295 255 0 Webcast TAX

ç Nov 18 2 S Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 8-10 am WNR138 89 74 0 Webinar SK

ç Nov 19 2 S WEBCAST: Budgeting - Basic Elements of Effective Operational Budgeting, 7-9 am WEB149 109 79 0 Webcast MG

ç Nov 19 8 WEBCAST: Employment Practices Conference, 8:30 am-4:30 pm WEB58 295 255 0 Webcast MG

ç Nov 22 2 S WEBCAST: Creating Competitive Advantage: Developing A Roadmap for Sustainable Performance, 6-8 am


ç Nov 23 3

SWEBCAST: Accounts Receivable Management, 8-11 am WEB211 129 99 0 Webcast MG

ç Nov 23 3 S WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm WEB218 129 99 0 Webcast MG

ç Nov 23 2 S Excel - Tips, Tricks & Techniques, 8-10 am WNR139 89 74 0 Webinar SK

ç Nov 23 2 S XBRL Level 1 - The Next Evolution in Financial Reporting, 11 am-1 pm WNR140 89 74 0 Webinar A&A

ç Nov 24 1 S WEBINAR: 2010 Educational Tax Benefits, 9-10 am WAWNR16 35 20 0 Webinar TAX

ç Nov 29 8 WEBCAST: Federal Tax Update-Individuals (Form 1040), 8:30 am-4:30 pm WEB59 295 255 0 Webcast TAX

ç Nov 30 4 E WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am WEB182 179 149 0 Webcast Ethics

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

WEB60 295 255 0 Webcast TAX

ç Nov 30 2 S Windows 7 - Tips & Techniques, 8-10 am WNR141 89 74 0 Webinar SK

ç Dec 1 4 WEBCAST: Financial Statement Presentation and Disclosure - Part 1, 7-11 am WEB151 159 129 0 Webcast MG

ç Dec 1 4 WEBCAST: Financial Statement Presentation and Disclosure - Part 2, 12-4 pm WEB152 159 129 0 Webcast MG

ç Dec 1 8 WEBCAST: Dealing with Venture Capitalists, 8:30 am-4:30 pm WEB61 295 255 0 Webcast A&A

ç Dec 1 2 S Adobe Acrobat for Accountants II - Advanced Features & Functions, 11 am-1 pm WNR142 89 74 0 Webinar SK

ç Dec 1 1 S WEBINAR: Washington State L&I Audits: Are You in Compliance? 9-10 am WAWNR25 35 20 0 Webinar MG

ç Dec 2 8 WEBCAST: Codification Topic 820: Fair Value Measurements and Disclosures, 8:30 am-4:30 pm


ç Dec 2 2 S Cyber Security Best Practices - What You Should Know and Do, 11 am-1 pm WNR143 89 74 0 Webinar SK

ç Dec 2 3 S WEBCAST: Updates on the Not So New Form 990 9-11:40am WEB199 129 99 0 Webcast TAX

ç Dec 3 8 WEBCAST: Tax Procedure and Controversy-Principles and Strategies, 8:30 am-4:30 pm


ç Dec 6 2 S


ç Dec 6 2 S


ç Dec 6 8 WEBCAST: Audit Standards Update: The New Audit Risk Assessment Standards, 8:30 am-4:30 pm


ç Dec 7 8 WEBCAST: Best Practices for Industry - Understanding Your Liability And How to Secure and Protect Corporate Information, 7 am-3 pm


ç Dec 7 8 WEBCAST: International Tax and Business Conference, 8:30 am-4:30 pm WEB65 295 255 0 Webcast TAX

ç Dec 7 2 S Outlook Part 2 - E-mail Management Tips & Techniques (Advanced), 11 am-1 pm WNR144 89 74 0 Webinar SK

ç Dec 8 1 S WEBINAR: 2010-2011 Financial Aid Forms, 9-10 am WAWNR17 35 20 0 Webinar SK

ç Dec 8 8 WEBCAST: Advanced Compilation and Review, 8:30 am-4:30 pm WEB66 295 255 0 Webcast A&A

ç Dec 8 2 S Outlook Part 3 - Calendar & Contact Management Tips & Techniques, 8-10 am WNR145 89 74 0 Webinar SK

ç Dec 8 2 S Windows 7 - Tips & Techniques, 11 am-1 pm WNR146 89 74 0 Webinar SK

ç Dec 9 4 WEBCAST: Myths of Budgeting and How to Overcome Them, 8 am-12 pm WEB154 159 129 0 Webcast MG

ç Dec 9 6 WEBCAST: Accountancy Laws, Ethics (CA ONLY), Taxes and Financial Reporting Review, 8:30 am-3:30 pm

WEB67 161 129 0 Webcast Ethics



Fees Date CPE


Member Fee

WSCPA MemberFee


Facility Subject

# Type



ç Dec 9 2 S Excel - Formulas and Functions, 8-10 am WNR147 89 74 0 Webinar SK

ç Dec 9 2 S Word - Advanced Tips, Tricks & Techniques, 11 am-1 pm WNR148 89 74 0 Webinar SK

ç Dec 13 2 S


ç Dec 13 2 S


ç Dec 13 8 WEBCAST: Wine Industry Conference, 8:30 am-4:30 pm WEB68 295 255 0 Webcast SK

ç Dec 14 4 WEBCAST: Wine Industry Post-Conference AM Workshop, 8:30 am-12 pm WEB69 174 139 0 Webcast SK

ç Dec 14 4 WEBCAST: Wine Industry Post-Conference PM Workshop, 1-4:30 pm WEB70 174 139 0 Webcast SK

ç Dec 14 2 S How to Go Paperless, 11 am-1 pm WNR149 89 74 0 Webinar SK

ç Dec 15 4 WEBCAST: Banking Financial and Compliance Update Series - Fourth Quarter 2010, 8 am-12 pm


ç Dec 15 1 S WEBINAR: The Small Business Jobs Act of 2010, 9-10 am WAWNR24 35 20 0 Webinar TAX

ç Dec 15 8 WEBCAST: Internal Control Deficiencies: Assessment and Reporting Under SAS, 8:30 am-4:30 pm

WEB71 355 305 -30 Webcast A&A

ç Dec 15 8 WEBCAST: What You Need to Know to Prepare the New Form 990, 8:30 am-4:30 pm


ç Dec 15 2 S Excel - Tips, Tricks & Techniques, 11 am-1 pm WNR150 89 74 0 Webinar SK

ç Dec 16 8 WEBCAST: Public Charities - Intermediate Tax Issues, 8:30 am-4:30 pm WEB73 295 255 0 Webcast TAX

ç Dec 16 2 S Document Management Systems Software Review, 8-10 am WNR151 89 74 0 Webinar SK

ç Dec 17 8 WEBCAST: Tax Exempt Organizations? Advanced Tax Issues, 8:30 am-4:30 pm WEB74 295 255 0 Webcast TAX

ç Dec 17 3 S WEBCAST: Accounts Receivable Management, 8-11 am WEB212 129 99 0 Webcast MG

ç Dec 17 3 S

WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm WEB219 129 99 0 Webcast MG

ç Dec 18 2 S Adobe Acrobat for Accountants I - Basic Features & Functions, 6-8 am WNR152 89 74 0 Webinar SK

ç Dec 18 2 S Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 9-11 am WNR153 89 74 0 Webinar SK

ç Dec 20 2 S Adobe Acrobat Forms, 11 am-1 pm WNR154 89 74 0 Webinar SK

ç Dec 20 2 S Windows 7 - Tips & Techniques, 8-10 am WNR155 89 74 0 Webinar SK

ç Dec 22 4 E WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am WEB183 179 149 0 Webcast Ethics

ç Dec 22 1 S WEBINAR: Protecting Confidential Client Information: The Law and Best Practices, 9-10 am

WAWNR22 35 20 0 Webinar SK

ç Dec 22 2 S Section 7216 Regulations Affecting Tax Preparers, 8-10 am WNR156 89 74 0 Webinar SK

ç Dec 22 2 S Tax Implications of the Healthcare Reform Act, 11 am-1 pm WNR157 89 74 0 Webinar TAX

ç Dec 23 2 S

WEBCAST: Change Management: Making Improvement Happen, 7-9 am WEB156 109 79 0 Webcast MG

ç Dec 27 2 S Excel - Pivot Tables, 11 am-1 pm WNR158 89 74 0 Webinar SK

ç Dec 28 8 WEBCAST: Business Fraud, Internal Controls, and Forensic Analysis for the Accountability Professional, 7 am-3 pm


ç Dec 28 2 S Excel - Formulas and Functions, 8-10 am WNR160 89 74 0 Webinar SK

ç Dec 28 2 S Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 11 am-1 pm WNR159 89 74 0 Webinar SK

ç Dec 29 8 WEBCAST: Annual Tax Update, 7 am-3 pm WEB108 225 195 0 Webcast TAX

ç Dec 29 2 S Adobe Acrobat for Accountants II - Advanced Features & Functions, 11 am-1 pm WNR161 89 74 0 Webinar SK

ç Dec 30 2 S Adobe Acrobat for Accountants III - Tips & Techniques for the Experienced User, 8-10 am

WNR162 89 74 0 Webinar SK

ç Jan 5 8 WEBCAST: Fraud: Essential Audit Tools and Techniques, 8:30 am-4:30 pm WEB75 295 255 0 Webcast A&A

ç Jan 5 1 S WEBINAR: Tax Practice Regulation and Quality Control: New Rules and Regula-tions, 9-10 am

WAWNR21 35 20 0 Webinar TAX

ç Jan 6 2 S WEBCAST: Financial Statement Analysis From an Operational Perspective, 7-9 am WEB157 109 79 0 Webcast MG

ç Jan 6 4 E WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am WEB184 179 149 0 Webcast Ethics

ç Jan 6 8 WEBCAST: Auditing: Practical Application of Current Standards, 8:30 am-4:30 pm WEB76 295 255 0 Webcast A&A

Need help finding a seminar, conference or webcast? Call the WSCPA at (800) 272-8273 or (425) 644-4800. To view the complete schedule of events, go to www.wscpa.org/CPE/catalog.


Register at www.wscpa.org/CPE/catalog REGISTRATION

Code Title Date City Fee1

3

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

Register online at www.wscpa.org/CPE/catalog or:

Questions? E-mail [email protected] or call (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

2

2


CLASSIFIED ADS

Detailed advertising information is available online at www.wscpa.org. Classified Ads are $40 for 40 words or less and $1 for each additional word. Active E-mail and web site addresses count as two words and are $10 additional each. Positions available ads are for magazine placement only. Contact Sharon Olene-Marander at (425) 586-1138, (800) 272-8273, Ext. 1138, or [email protected] for more information. All ads must be pre-paid.

POSITIONS AVAILABLE Established Bellingham CPAfirm is seeking experienced auditor to join our team of professionals. 5+ years of audit experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package. Submit resume and cover letter to Varner Sytsma & Herndon, CPA’s, 2200 Rimland Drive, Suite 205, Bellingham, WA 98226, Attn: H/R

Kirklandaccountingfirm seeks Senior Tax Accountant to join team dedicated to excellence & growth with healthy work/life balance. Requires: 5+ years tax experience, (particularly in construction, manufacturing, real estate, & technology industries), CPA license, & ability to train/develop staff. Varied client base requires organization, technical skill, and effective communication. Competitive salary & benefits. Submit cover letter & resume by email: [email protected].

Established Bellingham CPA firm is seeking experi-enced CPA to join our team of professionals. 3+ years of tax experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package. Submit resume and cover letter to Varner Sytsma & Herndon, CPA’s, 2200 Rimland Drive, Suite 205, Bellingham, WA 98226, Attn: H/R

OFFICE SPACE

Accountingofficeforrent. 110sq. ft. office with lobby use. Nice North Bellevue location with territorial view, free parking, easy access to 405 and 520. Furnished with high speed internet access included. Copier and postage meter available at cost sharing. Tax resources available. For more information email [email protected].

Mercer Island based personalfinancialmanagementfirm looking to sublease up to 1,000 sq ft (4 window offices and reception space, plus interior bathroom) for $2,500/month. 1 year lease, then available month to month. Please respond by e-mail: [email protected] or phone: (425) 646-9292.

BellevueCPAFirmhasofficespaceforrent. 500 sq ft complete with services. East access to 520 & 405 freeways and great parking. Email [email protected] or call 425-818-9400.

PRODUCTS & SERVICES

Private Funding available for mortgage loans against real estate. Loans to estates, trusts, corpora-tions, LLCs, partnerships or individuals. Equity driven loans. Must be for business purpose. $50,000 to $7,000,000. Norman Davis, WFI Morgage Investment Company, (206) 972-7515 or email: [email protected].

MERGERS & SALESLocalCPAfirmlocatedclosetodowntownSeattle seeking to acquire another CPA firm in Greater Seattle area. If you are looking to retire or want to sell your firm please contact us. We provide audit, tax and consulting services to our clients. Please call Horace at 206-282-3720, email [email protected].

WantingtoSell?SpokaneCPAfirm is seeking to purchase a $100,000 to $250,000 size tax and accounting practice in the Spokane area. Please call Dan at 509-326-3269 or email to [email protected].

CPA looking for $150,000-$250,000 size practice to purchase in the Bellingham area. Cash purchase. Please respond to Tom by phone, (707) 545-0701 or email, [email protected].

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 profes-sional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

Local Firm Looking for Practice. Are you thinking of retiring or selling your practice soon? We are a Redmond based CPA firm looking to purchase another firm. We are looking for a firm with revenues between $200,000-$1,000,000. Most of our work is with business clients and high net worth individuals. We have purchased practices before and are very familiar with how to transition a client base. Please call Bruce Sult at 425 883-3111 or email [email protected] if you are interested in discussing a sale. You can review our website at www.falcosult.com.

We Sell Practices! --- ProHorizons has been helping CPAs sell their practices since 1995. Confidential, prompt, professional and stress free. Call for a FREE sales package and confidential consultation with our regional representative, Ken Berry at 888-729-9476 or visit www.prohorizons.com.

PRACTICES FOR SALE

Contact Mark Hause at Accounting Practice Sales by e-mail at [email protected] or call 877-345-7722 for more information on the following practices:Anacortes CPA Firm for Sale: This CPA firm is a traditional CPA firm with income tax, write-up, along with financial services to round out the practice. The firm revenue mix breaks out 76% tax, 18% write-up, and 6% financial services. The buyer will have the opportunity to retain the current office location indefinitely as the Seller owns the building. With a loyal client base and good fees, this firm offers opportunity to a firm looking to expand or a CPA wanting to be on their own. Bellevue CPA Firm for Sale: This CPA located in Bellevue wants to sell a highly profitable practice. The firm revenue mix is heavily concentrated in the area of tax preparation with over 92% of all fees coming from the rendering of tax services. The future of this firm is further enhanced by a significant number of clients having a high net worth with the need for additional services in a variety of areas. The ideal buyer will be one who has the experience of working with high net worth individuals who can take advantage of the solid fees and loyal practice base.Blaine CPA Tax Firm for Sale: This CPA firm located close to the Canadian border is primed for a new owner and has wonderful potential. The firm is the only CPA firm in town and receives referrals from all types of professionals including banks and real estate agents. The practice revenues are predominantly from tax services with that segment of the business generating approx. 86% of total revenues for the firm. The balance is split almost equally between write-up and consulting. With oppor-tunities for cross border tax and consulting services along with traditional income tax services, this firm is a solid opportunity for any accountant who wants to own their own firm or a firm looking to expand or open a branch office.Bremerton, Port Orchard, Silverdale Area CPA Firm for Sale: This outstanding CPA firm (single location) with an excellent fee structure and solid cash flow is for sale. The firm is a tax practice with no auditing and enough write-up work to balance out cash flow over the course of the year. The firm client base composed of long term loyal clients is the product of the owner’s long term commitment to the community coupled with top of the mind name recognition when seeking profes-sional accounting services. This firm is further enhanced with knowledgeable staff, no concentration of clients either by fees or segment of the local economy. All of the foregoing creates

an opportunity for any firm or practitioner to acquire a firm that is a proven entity.Everett Franchise Tax Practice For Sale: The Seller(s) are offering the unique opportunity to own a tax preparation franchise with 3 territories and 3 locations. The locations are turn key, firmly established, with existing clients, and are located in areas that provide for excellent growth prospects. The buyer will benefit from a national brand name, national name recogni-tion, brand awareness, and excellent support. The buyer has everything in place to own this tax preparation franchise or for a current practitioner to acquire a second business.Everett Tax Practice for Sale: The seller of this practice has several locations and wishes to sell two locations whether together or singly and focus on the remainder of the practice. The locations have established clients and have lease’s in place insuring the availability of the current location for several years. Each of the locations were previously national franchise tax preparation locations who are no longer affiliated with the orga-nization. What remains are high visibility locations with staffing in place that would be a profitable addition to an existing firm seeking to expand or a great starter practice(s) for an individual that are located within 15 minutes of each other.North Seattle CPA Firm for Sale: This CPA firm located in North Seattle has been in the business of providing top drawer professional services for over 30 years. The firm is a full service practice offering all traditional accounting services including attestation. The revenue mix breaks out 73% income tax, 10% write-up, 14% auditing, 3% reviews and compilations with excellent per return and/or engagement fees. The practice has a significant number of business returns that will require a good business minded accountant that is comfortable with rendering advice and counsel on a variety of business related matters. The firm has great staff, established methods and procedures which make this a turn key practice. All of these qualities combine to make this firm a must see for any accountant or firm looking for an acquisition.Spokane CPA Firm for Sale: The owner of this accounting practice with an emphasis on tax preparation is ready to retire. The firm revenue mix is 87% tax preparation with the balance being write-up and representation before taxing authorities. The clients of the firm are loyal due to receiving hands on personalized service from the owner. The firm is further enhanced by having a high visibility office location on a heavily traveled thorough fare. All of these qualities add up to create a firm that is an excellent prospect for acquisition whether for an individual who has aspirations of owning a practice or a firm wanting to expand their customer base.Yakima Area CPA Firm For Sale: This CPA firm is a combination of tax and write-up professional services that focuses on providing great service with prompt turn-around of client work which means many happy clients. The profes-sional services provided by the firm are further enhanced by the technical ability of the staff that shares the owner’(s) mission statement of providing excellent client service. The firm’s revenue stream is 65% income tax services and 35% write-up services with good realization rates for the professional services rendered. This dynamic practice with consistent year over year revenue increases along with the Seller(s) desire to provide excellent transition assistance is an excellent addition to any firm or accounting professional looking for professional challenge and opportunity.

VOLUNTEER OPPORTUNITIESThe following organizations need a CPA to serve on the board of directors or provide other guidance on financial matters. Learn more at www.wscpa.org (enter volunteer positions in the search box).

Arc of King County

Best Little Rabbit Rodent & Ferret House

CENTS Program - New

Community Day School Association - New

GroundBreakers

Institute of Inspection, Cleaning & Restoration Certification (IICRC)

Pacific Northwest Diabetes Research Institute

Pacific Harp Institute

Port of Seattle - New

Retired Football Veterans

Seattle Tilth - New

Third Place Commons - New

TisBest Philanthropy

Washington Pilots Association

Washington State Department of Social and Health Services (DSHS) Aging & Disability Ser-vices Administration (ADSA) Aging & Disability Resource Center (ADRC)


MEMBER PROFILE

WsCpa’s First scholarship recipientAlan McAllisterHow did you decide accounting was for you?

My father worked with a public accounting firm in Detroit. When we moved to Seattle in 1944, he joined the Seattle office of Ernst & Ernst. In those days, the firm held summer picnics for the staff and families and I became acquainted with the executives and staff and enjoyed the comradeship of the group.

While attending West Seattle High School, I took bookkeeping classes for two years just to see if I liked the subject. In my junior year at West Seattle, we were required to research a potential career and write a term paper on the subject. Through this project I became aware of the many avenues that would be open to me in public and private accounting as well as opportunities to become a special agent of the FBI. So it would be fair to say that I followed in my father’s footsteps.

WhendidyoureceivethefirstWSCPAscholarship?I received the scholarship in my senior year at the University of

Washington in November 1952. The scholarship was need-based, so I had to write an essay explaining why I needed the scholarship. I always had a need for money while in college even though I was a thrifty fellow. In my essay, I explained how, as part of the Army ROTC program, I had just spent six weeks attending the ROTC Summer training session at the Army Finance Center in Indiana, and earned only 90 cents a day (versus earning a $1 an hour, the rate for summer jobs in Seattle at that time). I was very fortunate to receive the $200 scholarship which was awarded by the CPA Wives Club. The Club’s Scholarship Program was later taken over by the WSCPA. (Tuition at the UW was $45 a quarter, so the $200 schol-arship went a long way.)

What direction did your career take after you graduated from the University in 1953?

In 1952, the Army decided to update its accounting system and sought 300 ROTC graduates who majored in accounting to assist in the project. When I graduated, I was Commissioned a 2nd Lt. in the Finance Corp of the US Army Reserve. I reported for active duty in the Army on October 20, 1953. After further training at the Army Finance Center, I was fortunate to be transferred to Ft. Lewis, WA. In July 1954, I married my girlfriend, Arlene. I was discharged from the Army on October 31, 1955, and started work in the Seattle Office of Ernst & Ernst on November 1.

I received my CPA Certificate in 1956. In those days, it was nec-essary to obtain a year of auditing experience in addition to passing the CPA examination to meet the qualifications for certification.

What are some of the highlights of your career?I initially was assigned to some of the firm’s larger timber,

paper, and manufacturing audit clients. Then in 1958 the firm obtained its first client in Anchorage, Alaska, and I was assigned to head up the engagement. The assignment lasted seven weeks and during this time, the United States Congress passed the Alaska

Statehood Bill. While in Anchorage the firm asked me to conduct a feasibility study related to opening an office in the 49th State.

In March 1959, I was given the opportunity to open the Anchor-age office and did so on March 29, Seward’s Day, an Alaska State holiday commemorating the purchase of Alaska from Russia. We enjoyed living in Anchorage and two of our three children were born there.

In July 1963, I was given the opportunity to manage the Portland, Oregon office of the firm and was there until August of 1968. I then returned to the Seattle office and was admitted to partnership in 1970.

Looking back at your career, how has the profession changed?

The growth of the profession really mushroomed during my career. Registration of securities of companies “going public” increased substantially and in the mid 1970s, commercial banks with publicly-owned stock were also required to register with the Secu-rities and Exchange Commission for the first time.

At the beginning of my career, we used to get occasional tech-nical bulletins from the AICPA. The Accounting Principles Board hadn’t been formed. The Emerging Issues Task Force came along even further down the road. So CPAs were required to use a lot of professional judgment and conservative common sense accounting in conducting audits.

In the late 1960s and early 1970s, it became popular to sue public accounting firms. I found it educational to read the legal briefs of cases printed in our CCH Service as such legal decisions, in my opinion, added to the common body of knowledge comprising gen-erally accepted accounting principles and generally accepted audit-ing standards.

The Public Accounting Profession continues to be an evolving and challenging profession, which is what made it a most interesting career for me.

Alan retired September 30, 1989, the day before the merger of Ernst & Whinney and Arthur Young. He lives in Redmond, Washington and Surprise, Arizona.

WSCPA Chair Jim Ladd (right) presents a certificate to Alan McAllister, the first scholarship recipient.

Periodicals postage paid at Bellevue WA and additional mailing offices

Your Profession. Your Future. Your Advocate.

Get ready for tax season. Take advantage of WSCPA member discounts and resources to help you prepare.

Save 25% on the US Master Tax Guide! Offer ends Dec. 31 (details on page 12)

CPA Referral ServiceBoost your client base! Sign up for the online Find a CPA Service(details on page 12)

www.wscpa.org

Tel (425) 644-4800 or (800) 272-8273 (toll-free in WA) [email protected]

Tax updates... including: Andy Biebl’s Tax Advisor’s Update

Spokane - January 17, 2011 (BTAU1)

Bellevue - January 18, 2011 (BTAU2)

Register early for this popular tax update.

Members receive a discount on all tax updates and staff training seminars/ webcasts. Learn more inside, starting on page 28, or visit the CPE/Event catalog at www.wscpa.org/CPE/catalog (under the “Subject” menu, select “Taxation”). Plus, download FREE federal tax podcasts at www.wscpa.org/podcasts.

CPE

The WashingtonCPA November/December 2010

Documents

Transcript of The WashingtonCPA November/December 2010