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Maryland Association of Certified Public Accountants, Inc.
MACPA’S
ANTICIPATION: T H E M I S S I N G C O M P E T E N C Y
Identifying future trends and seizing the opportunities in the present is the key to our success — and it’s a skill we can learn.
PAGE 6
A P R I L 2 0 1 5
MARYLAND TAX COURT AGAIN SIDES WITH
STATE ON CORPORATE SUBSIDIARY INCOME TAX
Page 25
B A N K I N G . I N S U R A N C E . I N V E S T M E N T S
Member FDIC. Only deposit products are FDIC insured.© 2013, Branch Banking and Trust Company. All rights reserved.
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CONTENTS
Bill Sheridan | MACPADulaney Center II 901 Dulaney Valley Road Suite 800Towson, MD 21204
FOR CONTENT SUBMISSION: [email protected]@macpa.org
TO ADVERTISE IN THE STATEMENT:[email protected]@macpa.org
P: 410.296.6250 F: 410.296.8713Toll free: 800.782.2036
The MACPA reserves the right to edit all submissions for grammatical style and / or length.
Statement of fact and opinion are made by the authors alone and do not imply an opinion on the part of the officers or members of MACPA.
The Statement is published four times a year by the Maryland Association of Certified Public Accountants, Inc.
Bill Sheridan, EditorAmy Moran, Advertising Sales
April 2015 | Maryland Association of Certified Public Accountants, Inc.
CHAIR’S COLUMN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
FEATURESAnticipation: The missing competency . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Maryland Tax Court again sides with state on corporate subsidiary income tax. . . . . . . 25
DEPARTMENTSNews & Views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Public Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Tax Corner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Continuing Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26Business & Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32High-Tech Solutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Member Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42NYPN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 43
MEMBER NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
CLASSIFIEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
UPCOMING EVENTS & COURSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
1APRIL 2015
ADMINISTRATION
Becky Conley [email protected]
Amy Stumme [email protected]
COMMUNICATIONS
Amy Moran [email protected]
Bill Sheridan [email protected]
FINANCE
Margaret DeRoose [email protected]
Laura Swann, CPA [email protected]
MEMBER SERVICES
Lauren Baker [email protected]
Rebekah Brown, CPA [email protected]
PRODUCT DEVELOPMENT
Akesha Brown [email protected]
Debbie Zizwarek [email protected]
TECHNICAL SERVICES
Cora Edwards [email protected]
MaryBeth Halpern [email protected]
PROFESSIONAL DEVELOPMENT
Pamela C. Devine [email protected]
Chris Dougherty [email protected]
Andrew Hood [email protected]
Donna Carson [email protected]
Paige [email protected]
Laura Dorsey-Shaner [email protected]
Terri [email protected]
Jennifer [email protected]
Dee Sullivan [email protected]
Emily Trott [email protected]
Ryan Wey [email protected]
Rebecca [email protected]
2014-2015 BOARD OF DIRECTORSOFFICERS
Marianela del Pino-Rivera, CPAChair
Michael Manspeaker, CPAVice Chair
Lisa Cines, CPASecretary/Treasurer
Byron Patrick, CPA, CITP, MCSEImmediate Past Chair
DIRECTORS
Michael Drankiewicz, CPA
Laura Freitag, CPA
Virginia Frazier, CPA
Carl Kampel, CPA
Amy Myers, CPA
Gene Ransom III, Esq.
Sean Roddy, CPA, CMA, CGMA, MBA
Richard L. Wolf, CPA, CFE, CGMA
SENIOR STAFFMACPA EXECUTIVE DIRECTOR
J. Thomas Hood III, [email protected]
MACPA DEPUTY EXECUTIVE DIRECTOR
Jacqueline E. G. [email protected]
DIRECTOR OF FINANCE AND ADMINISTRATION
Skip Falatko, [email protected]
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CHAIR’S COLUMNWITH APRIL 15 ON THE HORIZON, HERE’S A QUICK TRIP AROUND THE TAX NEWS WIRESBY MARIANELA DEL PINO-RIVERA, CPA, CHAIR
Spring is here — just enough time for tax practitioners to come up for air one last time before April 15 and see what’s happening in the world.
Good thing, too — there’s a lot going on. Here’s the Reader’s Digest version:
TANGIBLE PROPERTY REGULATIONS
The MACPA’s tax listservs were blowing up back in January over these confusing regulations. Everyone had questions, and seemingly nobody had any answers. Then came back-to-back shots of relief from the IRS.
The first came in mid-February, when the IRS released a new revenue procedure (MACPA.org/tangible) that eases the tangible property compliance burden for small businesses. The second came in early March, when the IRS released its FAQs (MACPA.org/tangibleFAQs) in an effort to clarify the regulations.
Unfortunately, much energy and time was spent trying to figure out the new regulations – and still questions persist, on this as well as Affordable Care Act compliance, which is onerous for some taxpayers.
To that end, the MACPA’s tax listservs are lifesavers during tax season. Tax pros asking questions and sharing advice with each other — what could be more helpful? Ask questions and get answers at MACPA.org/groups.
IDENTITY THEFT
More of our clients are falling victim to identity theft and tax fraud, which subjects them to burdensome filings to prove their identity and delays in receiving refunds. What would our tax filing experience be like if the billions of dollars being wasted on tax fraud payments could be spent on reducing the deficit and improving IRS customer service?
The IRS is taking steps to keep identity theft in check. It is sending out letters that ask taxpayers who receive such
requests to verify their identities via the Identity Verification Service website at idverify.irs.gov.
The IRS will only ask taxpayers to verify their identities via these letters — not via e-mail or phone. Forbes contributor Kelly Phillips Erb offers further details at MACPA.org/IDtheft.
MARYLAND LEGISLATIVE UPDATE
Here’s where we stand so far on issues that impact CPAs in the General Assembly:
• Definition of “attest”: MACPA Executive Director Tom Hood testified in support of legislation to revise the definition of attest before the Economic Matters Committee in the House and the Education Health and Environmental Affairs Committee in the Senate. Both bills continue to progress through the legislative process, with each bill voted out of committee unanimously.
• Supersedeas bonds: Legislation to place a cap on appeal bonds still awaits committee vote in both chambers. MACPA representatives were in Annapolis to provide testimony before the House Judiciary Committee and the Senate Judicial Proceedings Committee. Our network of key contacts has been instrumental in reaching out directly to members of both committees. We will continue to work to garner support for this important legislation.
• Combined reporting: The MACPA also has submitted written testimony opposing several bills that would impose a system of mandatory unitary combined reporting for corporate income taxes. The MACPA is neutral with regard to the enactment of combined reporting. However, we oppose these bills due to the complexity and problems that would result from unclear aspects of the language and the unreasonable effective dates.
• Non-compete / non-disclosure: The MACPA has submitted written
testimony opposing two bills that could directly impact professional service firms. HB 946 would nullify employment contracts or similar agreements that have non-compete or conflict-of-interest provisions. HB 1066 would prevent employers from requiring employees to enter a non-disclosure agreement or including a non-disclosure agreement in an employment contract or similar document. Non-competition clauses and non-disclosure agreements are used to address employers’ legitimate protectable interests and are commonplace for many Maryland businesses, especially in the professional services industry, where many of our CPAs are employed and / or are partners or owners.
TAX REFORM: YOUR IDEAS WANTED
Finally, we’ve received word that the U.S. Senate’s Finance Committee is seeking ideas from the public about how to overhaul the tax code.
According to InvestmentNews, your feedback “must be submitted as a pdf attachment in an e-mail to one of five committee working groups: individual income tax ([email protected]), business income tax ([email protected]), savings and investment ([email protected]), international tax ([email protected]), and community development and infrastructure ([email protected]).”
Here’s yet one more opportunity to make your voices heard, CPAs. Who better to advise lawmakers on tax reform than tax professionals?
There’s just one drawback: The deadline to submit comments is April 15.
I’m sure we can block off a little free time between now and then, right?
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ANTICIPATION: T H E M I S S I N G C O M P E T E N C Y
BY BILL SHERIDAN, CAE
If you are a late adopter, you could be in trouble. Serious trouble. You can thank Gordon Moore for that.
In 1965, the Intel co-founder theorized that computing power would double roughly every 18 to 24 months, and would continue to do so for the foreseeable future. That law has held true ever since, resulting in some astounding technological advances.
That exponential advancement means computers today are about 130,000 times more powerful that they were in 1988. It means your iPhone 6 is as powerful as Apple’s most powerful laptop was just a decade ago. It means an iPad Mini is as powerful as the world’s biggest supercomputer was in 1985.
It means that every job on the planet — including yours — is going to fundamentally change in the very near future. Need proof? Ask a journalist, or a recording industry executive, or whoever’s in charge of the U.S. Postal Service. The day may soon come when filing a tax return — any tax return — will be a completely automated process. Our regulators and legislators will have a say in all of that, no doubt, but Moore’s Law will make it possible.
In other words, technology isn’t waiting around for you to catch up. If you’re dragging your heels, you’re toast.
DISRUPTION AND OPPORTUNITY
That brings me to Dan Burrus.
Burrus is one of the world’s leading futurists on global trends and transformation, and author of the New York Times best-seller Flash Foresight: How To See The Invisible And Do The Impossible. Each year he publishes a list of “hard trends” (defined as things that will definitely happen) that will create disruption and opportunity over the next 12 months. Here’s what Burrus says we should be paying attention to this year:
7APRIL 2015
CONTINUED ON PAGE 8
Identifying future trends and seizing the opportunities in the present is the key to our success — and it’s a skill we can learn.
1. Big Data gets bigger as the use of high-speed data analytics expands.
2. Cloud computing rapidly expands.
3. Virtualization of hardware and software will redefine IT.
4. On-demand services become the norm.
5. Wearables go mainstream.
6. Consumerization of IT rapidly expands.
7. Gamification, socialization, and personalization of learning.
8. Online learning is redefined and rapidly gains momentum.
9. As use of e-publications grows, paper versions function to attract new readers.
10. Social search and social business applications will grow rapidly.
11. Smartphone growth drives major shift in global computing.
12. Mobile apps for business processes grow rapidly.
13. 3D displays for smartphones and tablets start to appear.
14. Augmented reality apps and devices start to grow.
15. Smart virtual electronic assistants get better and more personal.
16. Multiple biometrics used for security.
17. Mobile banking and smartphone payments take off.
18. Visual communications for business increase.
19. Enhanced location awareness embraced by large retail.
20. Personalized streaming entertainment challenges cable.
21. 3D printing of finished goods takes another step forward.
22. The Internet of Things expands rapidly.
23. Advanced automation and intelligent robotics find wider use.
24. Drones go beyond fire, police, search and rescue.
25. Energy storage and micro grids increase in application and use.
Read Burrus’s article in its entirety at MACPA.org/trends.
Most of the trends above will directly impact the accounting and finance professions, and according to Burrus, they will do so within the next year. All of them are driven by advances in technology.
Amazing, isn’t it? Technology used to be a line item, a department we could ignore as long as the phones and Internet were up and running.
Today, it changes everything we do. It’s Moore’s Law at work, and it touches every corner of our personal and professional lives.
ANTICIPATION: THE MISSING COMPETENCY
In a world as chaotic as this, the problem is getting ahead — and staying ahead — of these transformative trends.
Doing so is more important than ever. Our competitive advantages — the things that have defined us for years and set us apart from the competition — are disappearing. There are people out there who can do the same things faster, cheaper, and better than we ever could.
The only way to get ahead of these changes and start building our next competitive advantage is through anticipation — to see these trends on the horizon and position our organizations to take advantage of them before they arrive.
That’s not just some abstract concept. It’s actually a skill you can learn.
On May 4, you’ll get your chance.
Burrus himself will be on hand at the BWI Hilton that day to lead us through “The Anticipatory CPA,” a program designed to help us accurately anticipate the future.
“The missing competency today is the ability to anticipate — to anticipate problems before they happen, disruptions before they disrupt, customer changes before they start changing, and new opportunities before the competition,” Burrus said. “It might sound impossible at first, but it surely is not. Just like after 3G and 4G wireless we can be certain we’re going to get 5G and 6G. Just as we know the cloud is not getting full; it’s here to stay.”
Burrus should know. He has been doing it for 31 years, helping companies like Deloitte and IBM and executives from other big companies learn how to not only see the future but profit from it.
His “Anticipatory Organization Accelerated Learning System” features rapid-application tools that will teach CPAs and finance professionals to anticipate and take advantage of future trends in bite-sized chunks. The system features three- to five-minute, single-concept videos and a way to rapidly apply those concepts at work.
“Instead of just being a crisis manager, you will learn how to be an opportunity manager — and how to be anticipatory,” Burrus said.
It’s a one-of-a-kind opportunity to learn a vital skill from a world-renowned expert. Don’t miss it.
Get complete details and registration information at MACPA.org/Burrus.
Bill Sheridan is editor of The Statement and chief communications officer for the Maryland Association of CPAs.
8 STATEMENT8
LEARN TO BECOME
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Event ID: 191014
The main skill CPAs need to thrive in a business environment marked by hyperchange and uncertainty is the ability to accurately anticipate the future.
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Are you/your professional staff really at the right level where you should be/you need them to be?
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STATEMENT12
What’s new with health care reform? A lot of discussion has arisen about the Affordable Care Act since it was passed, but now that the key provisions of the mandatory health coverage portion of the law are coming into effect, what does it mean to you?
The Maryland Association of CPAs offers an update and points out some dos and don’ts to remember in 2015.
DO AVOID THE PENALTY
Beginning in 2014, most Americans were required to have minimum essential health care coverage. As a result, this year you must report your coverage status for each month of the year on your tax return. Those with qualifying coverage will simply check a box on page two of the Form 1040, but there are new tax forms this year for those seeking an exemption from the coverage requirements or claiming the premium tax credit.
If you don’t have coverage and don’t qualify for an exemption, you may face a penalty for the 2014 tax year of $95 per person (and $47.50 for children under 18) or 1 percent of your household income over the filing threshold, whichever is higher, up to a maximum of $285.
Be aware, those penalty amounts will rise in future years.
DON’T MISS THE PREMIUM CREDIT
Depending on your income level and other factors, you may be eligible for a premium tax credit that will help you pay for insurance that you buy through a state or federal Health Insurance Marketplace. You can use the credit to pay your insurance premium when you enroll for
coverage or wait and claim it on your tax return.
DO CONSIDER SHOPPING AROUND
The Health Insurance Marketplace, a central feature of the law, provides coverage choices for those who don’t have insurance and those who have it but are interested in exploring other, potentially lower-cost options.
Consumers in every state can set up an account, file an application and learn if they’re eligible for lower-cost premiums. The plans are offered by private insurers, and they cover a set of essential health benefits defined by the law. If you have a pre-existing condition, the Marketplace plans must accept you and cover your condition. They are also prohibited from charging different prices based on gender.
The open enrollment period for the coming year ended on Feb. 15. (You might also qualify for the special enrollment period that lasts up to 60 days after life events such as marriage or the birth of a child or loss of other health coverage.) This year, 25 percent more issuers will be offering plans through the
Marketplace than in 2014, increasing the variety of options available, according to the U.S. Department of Health and Human Services.
DON’T NEGLECT CHANGES FOR BUSINESS
As of Jan. 1, 2015, companies with 100 or more full-time employees were required to provide minimum, affordable healthcare coverage to most of their workers or face a penalty. Those with more than 50 workers but fewer than 100 may qualify for relief from this requirement for 2015.
At the other end of the spectrum, employers with 25 or fewer employees that offer health care coverage may be eligible for a small business health insurance credit. Many small businesses can look for insurance through the Small Business Health Options Program (SHOP), a separate marketplace for companies with 50 or fewer full-time employees.
Note: If you’re self-employed without any employees, then you would use the individual Health Insurance Marketplace to buy insurance, not SHOP.
The Affordable Care Act: What you need to know in 2015
NEWS & VIEWS
FROM THE AICPA
A helping hand for Helping UpStegman & Company employees help serve dinner during a recent volunteering stint at Helping Up Mission in Baltimore.
The Affordable Care Act: What you need to know in 2015
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ACCOUNTING. INNOVATION. LEADERSHIP.
HOSTED BY
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Keynote Speaker Ari Balogh, Google Vice President of
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The Business Learning Institute CPA Summit is a one-day event where CPAs learn from the most important voices in the profession and find solutions to push careers forward. Topics include leadership,
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17APRIL 2015
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ACCOUNTING. INNOVATION. LEADERSHIP.
HOSTED BY
CPA
Keynote Speaker Ari Balogh, Google Vice President of
Storage Infrastructure Products
The Business Learning Institute CPA Summit is a one-day event where CPAs learn from the most important voices in the profession and find solutions to push careers forward. Topics include leadership,
technology, cutting-edge trends, and emerging professional issues. This interactive event is the CPA event of the year.
Event ID: 191008 • BALTIMORE • MARTIN’S WEST
MACPA.ORG/CPASUMMIT
Whenever I think about all that is going on within our profession, I’m amazed at the breadth and scope of accomplishments and inspired by the people who make it all happen. From envisioning the future of learning to reinforcing a foundation of quality, we’ve never had a better opportunity to shape our future.
The accounting profession achieved great success in 2014, thanks to several factors: hard work and quality services from CPAs, extensive advocacy efforts, forward-thinking initiatives, and the joint efforts of the AICPA and the state CPA societies.
Looking to 2015, I’m excited about the AICPA’s agenda and the steps our profession will take to continue our growth as future-focused and client service-driven advisers for modern business. At a time when individuals and businesses are battling unprecedented complexity and uncertainty, our profession has the expertise and the opportunity to build a pathway to prosperity for our businesses, CPA firms, clients and the public. Let’s commit to making this year even more successful.
QUALITY
For 128 years, our profession has staked its reputation on quality services delivered by competent and knowledgeable professionals. Quality is our foundation and is essential to supporting future growth and success. One of the most significant developments in 2014 was the launch of the AICPA’s Enhancing Audit Quality (MACPA.org/EAQ) initiative, a comprehensive and multifaceted effort designed to reinvigorate the profession’s commitment to quality.
The basic EAQ framework was introduced in August in a discussion paper (MACPA.org/EAQpaper) that solicited stakeholder comments on proposed short- and long-term quality initiatives. CPAs and other stakeholders provided suggestions now being considered by AICPA teams, committees and/or boards.
In a second paper, “Evolving the CPA Profession’s Peer Review Program for the Future” (MACPA.org/EAQpaper2), the AICPA offered a thought-provoking concept for what practice monitoring could become. The initial concept is meant to start a profession-wide dialogue about meaningful change; changes we hope will help ensure long-term relevance and quality.
Several factors – from the pace of change to the complexity of business and standards, from audit relevance to regulators’ scrutiny – made it clear that our profession needed bold action to shape the audit function of the future. We know that quality can only be achieved and maintained with vigilance and dedication and the EAQ is a principal part of the AICPA’s ongoing commitment to excellence.
ADVOCACY
Each year I’m privileged to see first-hand the partnership between the AICPA and state CPA societies as we address various issues from a legislative or regulatory perspective. I cannot overstate the
importance of these efforts. When we lead proactive campaigns to shape legislation, we’re really shaping our profession’s future. The alternative is to wait for legislation to shape our future for us.
I’ll share a few examples of what we achieved in 2014 and set up some of the issues that could see movement in 2015:
• Cash basis: The profession successfully fought back an attempt to force some businesses to switch from the cash basis to accrual accounting for tax purposes. CPAs’ letters – more than 1,000 – brought significant attention to this issue and helped convince 46 senators and 233 members of the House to sign bipartisan letters opposing the proposal.
• DATA Act: Signed into law in May, the successful implementation of the DATA Act concludes a five-year effort in close partnership with the state societies to improve the accessibility and transparency of business information. It was a meaningful – and hard-fought – win that reinforced the importance of stakeholder collaboration within the profession.
• Mobile workforce: The AICPA continues to support legislation that would establish a uniform national standard for any employee who works less than 30 days outside his or her state of residence.
2015 holds great promise for accounting profession
NEWS & VIEWS
BY BARRY MELANCON
CONTINUED ON PAGE 21
April 17Event ID: 121000 | College ParkInn & Conference Center at UMUC
macpa.org/GNFP
The Government & Not-for-Profit Conference addresses the unique technical and professional challenges of the CPAs working in these sectors. This annual, one-day event puts a special emphasis on the skills and insight that CPAs can immediately implement.
UNIQUE ACCOUNTING SKILLS TRAINING FOR YOUR UNIQUE ROLE
Government & Not-For-Pro�t C O N F E R E N C E
WE’RE HIRING TOP TALENT!Grossberg is a unique environment where talented and highly sophisticated professionals
excel. Our staff and partners are some of the best and brightest in their field, operating at
the highest level of professionalism and technical expertise.
Here you find a culture of people who enjoy the challenge of untangling today’s highly
complex web of business, transactional, financial and tax issues, while enjoying the benefits of
working at one of the area’s premier firms.
Our mentorship program ensures everyone has access to one-on-one training by industry
experts who encourage their professional development. In addition, the boutique nature of
our firm allows us to interact regularly and learn from one another in more casual ways. This
provides us with the ability to offer skilled professionals tremendous opportunities for growth
and job satisfaction as well as a great work environment.
Our culture is defined by our people. We pride ourselves on fostering an environment of
collegiality and camaraderie; we truly care about each other and work together to meet the
demands of our elite group of clients. It is only through this teamwork that we are able to
meet our professional demands, advance our business and technical skills, and still support
each other to maintain a healthy work family life balance without losing our commitment to
client service.
This is an integral part of who we are, why we are successful, and how we have maintained
our reputation as one of the best firms in the country. We have for over 90 years and will
continue to be our client’s most trusted business advisor.
Growth in our business has created new opportunities for experienced CPAs.
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• 5+ years of experience
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Trusted Business Advisor Since 1924
Looking for an exciting new opportunity, and a Great Place to Work?CONTACT: Denise DeFiesta, Senior [email protected], 301-571-1900 or apply at www.grossberg.com
J U M P S TA R T I N G Y O U R C A R E E R A S A N
undergrad
June 25-27, 2015 Towson University
W H Y A P P LY ?As a participant, you will:
• Receive a unique orientation to the CPA profession and the role you can play
• Meet our profession’s leaders, including Tom Hood, CEO of the Maryland Association of CPAs
• Encounter the sponsors and firms that are looking to hire
• Have your resume presented to employers associated with MACPA
• Network with other top accounting students
• Experience an in-depth look at your skills and strengths
The program, assessments, food, and lodging are all free to those
selected to participate
APPLY TODAYmacpa.org/
studentacademy
MARYLAND ASSOCIATION OF CPAs
S T U D E N TLEADERSHIP ACADEMY
FOR UNDERGRADUATE ACCOUNTING STUDENTS WHO WANT TO ACCELERATE THEIR SUCCESS STEPPING INTO THE CPA PROFESSION.
• Patent reform: The profession continues to fight against patent trolls who bring lawsuits against companies or firms for patent infringement for mundane daily uses of technology, such as scanning a document to email. The House passed a bill last year, but the Senate failed to act. We expect this issue will be a priority in 2015.
You can read more about these and other issues in my recent blog post, “How the New Congress Might Affect the CPA Profession” (MACPA.org/MelanconBlog).
CGMA
This year also will be significant for members in business and industry because of new developments with the highly successful Chartered Global Management Accountant (CGMA) designation.
Before its third birthday, the CGMA designation became the largest management accounting designation in the world, with more than 145,000 CGMAs globally. Through our joint venture and the release of new CGMA components, including the first universal set of global management accounting principles and a CGMA case study exam, the AICPA and the Chartered Institute of Management Accountants (CIMA) have built the foundation of the management accounting profession.
HUMAN CAPITAL
Of course, the most important part of our profession’s success is its people, and attracting and retaining the best and brightest has never been more important.
A major demographic shift is under way in the United States, putting a rapidly increasing percentage of entrepreneurial capital into the hands of minority-owned businesses. This shift means clients and employers of CPAs will expect more diverse workforces. We have to build a business environment that reflects life.
The AICPA and state CPA societies see diversity and inclusion as a critical issue for long-term viability, and we’re
committed to helping our members meet the changing expectations of those we serve. Here’s something else to consider – at a time when competition for top talent is both global and fierce, the advantage will go to the firms and companies that have a plan to recruit, develop and retain a diverse workforce.
The AICPA continues to produce resources that can help CPAs gain that advantage, including two that were launched last year: an Accounting Inclusion Maturity Model (MACPA.org/Inclusion) that helps organizations evaluate their own D&I practices; and a recruiting and retention toolkit (MACPA.org/RecruitTools), with resources to help accounting leaders and human resources professionals attract, recruit and retain a diverse workforce. State societies have been essential partners in national diversity initiatives: Several state volunteers have served on the National Commission for Diversity and Inclusion and many societies have launched local efforts to improve diversity and inclusion in their states.
Succession is another critical aspect of the pipeline. Each of us wants our profession to enjoy long-lasting success, but that is only possible if we prepare younger generations to fill the shoes of leadership in firms and organizations in the future. Virtually all states are investing in our profession’s future and today they develop future leaders through local leadership academies. Many of these state academies are modeled after the AICPA’s Leadership Academy, which today boasts nearly 200 graduates, many of whom are currently serving on professional committees, boards or AICPA Council. With the surge of Baby Boomer retirements, our profession needs to prepare leaders in the next generations.
On the topic of the talent pool, we have to make sure a sufficient number of CPAs are in the profession to continue the profession’s success. Over the last few years, increasing and record numbers of people have been majoring in accounting but the number of people taking the CPA exam has remained flat. A research project now under way will help us better
understand the factors causing the gap so we can develop strategic solutions.
HISTORY OF EXCELLENCE
State society support will be critical this year as the AICPA tackles complex challenges and positions the profession for long-term success. In past years, AICPA and state CPA society collaboration has yielded many meaningful initiatives that have changed the accounting landscape:
• Center for Plain English Accounting: The AICPA’s national A&A resource center for Private Companies Practice Section member firms. The Center’s resources provide local and regional firms the knowledge needed to succeed in today’s complex economic and business climate.
• Financial Reporting Framework for Small- and Medium-Sized Entities: A special purpose framework that delivers robust and relevant financial statements in a simplified, cost-beneficial way when U.S. GAAP financials are not needed.
Great successes are within our grasp when we unite in the pursuit of common goals. Ongoing support from state CPA societies is both critical and sincerely appreciated. We are brought together as a profession and bonded as CPAs.
I thank all of our members for your contributions to the accounting profession, making it a model of service and quality, and for achieving success in 2014. The profession has a lot on its plate in 2015 and everyone at the AICPA and your state CPA society is committed to serving your interests and helping you achieve your goals.
Barry Melancon, CPA, CGMA, is president and CEO of the American Institute of CPAs.
21APRIL 2015
STATEMENT22
Mirroring the broader economy, results of the biennial National Management of an Accounting Practice (MAP) Survey show that in 2013 CPA firms experienced modest growth over the prior year.
The survey, which is conducted by the AICPA’s Private Companies Practice Section (PCPS) and the Texas Society of Certified Public Accountants (TSCPA), found that all participating firms experienced a small increase in net fees or were holding steady since the last survey
was administered in 2012.
The survey data is broken down into size segments, from the smallest practices with less than $200,000 in revenue to the largest with more than $10 million. Every segment reported growth in net client fees from 2012 to 2013, ranging from 4 to 8 percent.
“The 2014 MAP Survey shows that we have a healthy profession poised for continued growth,” said Tom Hood, CPA,
executive director of the Maryland Association of CPAs. “The detailed benchmarking data this survey provides is an important tool firms of all sizes can use to evaluate their performance and develop growth plans.”
When comparing partner compensation to net remaining per owner (NRPO) – a key performance indicator that measures revenue minus expenses before owner-related compensation – it
appears that rather than take that cash for themselves, partners chose to put money back into the business. The 2014 survey results show that NRPO was larger than partner compensation in all but one revenue category.
“Holding onto more cash could indicate a cautious optimism toward future growth,” said Hood. “This is a trend we like to see. As the economy continues to grow, I think we’ll see this cash reinvested in firms.”
Future partner retirements (and buy-outs) may also be driving some firms
to keep more cash in the firm. This also signals opportunities for emerging partners after these transitions within firms are complete.
“Liquidity and cash flow are likely a consideration, especially for smaller firms focusing on merger and acquisition opportunities,” said AICPA Firm Services Vice President Mark Koziel CPA, CGMA. “Uncertain cash outlays in mergers and showing a strong cash position to attract acquiring firms are likely factors for holding back cash.”
Large firms continue to invest in technology, suggesting a bullish view of the future. Smaller firms also invested in technology through external partners. When it came to information technology expenses, the total percentage ranged from 5.5 percent of net client fees for the smallest firms to around 2.5 percent at the largest. (The percentage may be lower at big firms because they have
in-house IT staff and training, so many of their costs would be reflected in salaries.)
The 2014 MAP Survey offers
a new dynamic online platform to make it easier for participating firms to use the results. Users can generate and download detailed reports in Excel, PowerPoint and PDF files using a variety of filters specific to their firm’s needs. An online tutorial is available to help users make the most of these new features.
For more information or to access the survey results, visit aicpa.org/mapsurvey, e-mail [email protected], or call the AICPA at (888) 777-7077.
2014 MAP survey: CPA firms show modest growth
PUBLIC PRACTICE
FROM THE AICPA
“Holding onto more cash could indicate a cautious optimism toward future growth.”
Vision & StrategyWORK SHOP
As CPAs face the “shift change” in accounting, they must know what they want from their business. Vision & Strategy Workshops are complimentary CPE that give appropriate time, space, and permission to CPAs to critically assess their business and the future they want to create. The workshop concludes with identifying the steps and resources to accomplish it.
MAY 07 ROCKVILLE 140093 MAY 08 BOWIE 140094MAY 11 FREDERICK 140095 MAY 13 SALISBURY 140096 MAY 18 TIMONIUM 140097 MAY 20 COLUMBIA 140098 JUNE 08 ARNOLD 140099 JUNE 10 GRANTSVILLE 140100
GUIDING THE DIRECTION OF YOUR FUTURE
MACPA.ORG/VISION
4 HOURS COMPLIMENTARY CPE(choose one date)
2014 MAP survey: CPA firms show modest growth
EMPLOYEE BENEFIT PLANS CONFERENCE 2015
EMPLOYEE BENEFIT PLAN ESSENTIALSThe Employee Benefit Plan Conference equips CPAs in public and private sectors to operate and audit EBPs. The conference offers three tracks, each dealing with maintaining EBP tax-exempt status and auditing EBP financial reports. Learn more about requirements, and receive updates on legislative and regulatory issues.
April 27th
Event ID: 121012Columbia
Sheraton Columbia Hotel
macpa.org/BenefitPlans
Maryland Tax Court again sides with state on corporate subsidiary income taxBY KAREN T. SYRYLO, CPA
TAX CORNER
Continuing the saga of the Maryland comptroller’s income tax assessments on corporations that receive income from related companies, the Maryland Tax Court gave auditors another win recently in its decision in ConAgra Brands Inc. v. Comptroller of the Treasury, No. 09-IN-OO-0150, Md. Tax Ct., Feb. 24, 2015.
Some observers thought there was a chance that ConAgra’s result would be different from the other intangible holding company decisions in Maryland, since the ConAgra subsidiary not only conducted significant activity of its own in managing and defending the trademarks that it owned, but also engaged in other activities involving national advertising campaigns for the trademark brands (all with no physical presence in Maryland).
However, using (sometimes verbatim) some of the Maryland Court of Appeals’ language in the Gore decision (Gore Enterprise Holdings, Inc. v. Comptroller of the Treasury, No. 36 Sept. Term 2013, March 24, 2014), the Tax Court held that the subsidiary, ConAgra Brands, Inc. (“Brands”), lacked real economic substance as a business separate from its parent company, and therefore the Comptroller was justified in assessing Maryland income tax on the subsidiary.
A major question the Gore decision left in the minds of tax professionals was how the Maryland courts would continue to use and not use the unitary business principle, i.e. the Court of Appeals’ agreement in Gore that a unitary relationship does not confer nexus, but that “there is no reason – based either in case law or logic – for holding that the factors that indicate a unitary business cannot also be relevant in determining whether subsidiaries have no real economic substance as separate business
entities.” The ConAgra case seems to answer that question for us.
The Tax Court recited the history of how ConAgra had acquired multiple businesses and had instituted a program of centralizing the previously separate administrative operations such as legal and accounting services. The centralization of the holding and management of all of the various businesses’ trademarks was a component of this centralization.
The court also referred to the Brands subsidiary’s significant activity of conducting the national advertising campaigns, and also that the subsidiary’s employees performed quality control for the Brands and monitored trademark infringements. (This is unlike other cases, in Maryland and elsewhere, in which the original owner of the trademarks, and not the current owner, continued any active management of the marks.)
But the Tax Court also found important the similar officers among the group of subsidiaries, the payments of the subsidiaries’ profits up to the parent company, and that in its view the Brands subsidiary could not have functioned as a corporate entity without the centralized administrative services it received from “corporate.” The court copied from the Gore decision in stating, “The facts indicate functional integration and control through stock ownership, as well as common employees, directors and officers.” The court found lack of separateness, thus the nexus.
On a positive note, the taxpayer was successful in securing partial abatement of interest through the court’s reduction of the interest period, and also abatement of all penalties, because the company had
reasonable basis for the challenge and acted in good faith. The court disagreed with the comptroller that Maryland’s law was clear at the time of the assessments, saying that the state of the law has evolved through Maryland’s other court decisions.
While many states have argued the taxability of subsidiaries that own and license intangible assets to related companies, Maryland is unique in its use of the unitary business principle in these arguments.
ConAgra could have expected a reversal of its Maryland assessment, given how it felt the facts of its Brands subsidiary’s activities differed from other Maryland cases, and also given its success in another state: In Commissioner v. ConAgra, No. 11-0252, May 24, 2012, the Supreme Court of Appeals of West Virginia ruled for the company, saying that the income tax assessments satisfied neither “purposeful direction” under the Due Process Clause nor “significant economic presence” under the Commerce Clause.
We now await news of whether ConAgra will appeal its Maryland result, as well as resolution of many other cases, including cases that involve interest income rather than royalty income, that have been on hold at the Maryland Tax Court level while the Gore case proceeded.
Suffice to say that all corporate groups with intercompany transactions should continue to monitor these cases.
Karen T. Syrylo, CPA, is director, State and Local Tax and Advisory for Altus Group US Inc.
25APRIL 2015
STATEMENT26
The MACPA’s 29th annual Advanced Personal Financial Planning Conference in October provided participants with access to the latest planning techniques from nationally renowned expert Robert Keebler and other leaders in the financial planning field. A few of those techniques, potentially highly applicable for 2015 financial planning, are summarized below.
ADVANCED IRA PLANNING
Keebler, of Keebler & Associates, discussed a variety of types of Roth conversions: strategic, tactical, opportunistic, and hedging. He noted that in times of higher market volatility, the use of multiple Roth IRA conversions, with separate accounts for different asset categories, may provide taxpayers with greater opportunities to achieve portfolio appreciation that is tax-free while, concurrently through the Roth’s recharacterization (“undo”) technique, avoiding non-deductible losses for those classes that have declined in value. This technique may be especially beneficial in markets where there is a low correlation between performances of various asset classes.
Keebler also discussed the use of Irrevocable Life Insurance Trusts (ILIT) to avoid what is described as the “Inherited IRA Tax Spiral,” a situation in which potentially more than 60 percent of an IRA’s payout is used to cover applicable estate and income taxes. The ILIT can provide estate tax liquidity while also leveraging the grantor’s generation skipping tax exemption and annual gift tax exclusion.
PLANNING FOR SAME-SEX COUPLES, POST DEFENSE OF MARRIAGE ACT
Tom Tillery, of Paraklete Financial, provided an update in planning for same-
sex couples following the Supreme Court ruling that a portion of the Defense of Marriage Act (DOMA) is unconstitutional. While noting there is still uncertainty with respect to some legal aspects of same-sex marriage, Tillery reviewed some of the current practical applications and issues.
The IRS, for example, will recognize a marriage for federal tax purposes in cases where it legally occurred in a jurisdiction that recognizes such unions, irrespective of the couple’s current place of domicile. Similarly, the Department of Labor, for ERISA purposes, will also recognize marriages that took place in jurisdictions that recognize such unions. The Social Security Administration, however, will award Social Security benefits depending upon where the couple was domiciled at the time when an application was filed for benefits.
As an illustration of still-evolving policy, an example was presented of the Department of Defense authorizing allowances of special leave for members of the military in order for them to be married in a state that recognizes same-sex marriage.
Tillery recommended, in light of the Supreme Court ruling, that advisers review with their married same-sex clients potential opportunities to recover back taxes, through amended returns.
For example, one opportunity might arise in which an employee purchases health insurance for a same-sex spouse through an employer’s health plan on an after-tax (rather than before-tax) basis.
ESTATE PLANNING
Michael Kitces, of Pinnacle Advisory Group, discussed developments in the estate tax area, beginning with a review of how the scope of the estate tax has
dramatically declined since 2000, when more than 100,000 federal estate tax returns were filed, to 2013, when it is estimated that there are only about 4,000 taxable estates.
A key change for practitioners, beyond the higher dollar amount of the estate tax credit, is the portability feature that has largely reduced, for federal tax purposes, the usefulness of bypass trusts. These trusts had frequently been employed, under prior law, to preserve the estate tax exemption, following the death of the first spouse. Bypass trusts may, however, still be relevant at the state tax level (e.g., Maryland ), where an estate and / or inheritance tax may apply, even when there would be no federal estate tax. Advisers, considering the use of bypass trusts, will have to weigh the potential state tax benefits versus the loss of a potential step-up in asset basis at date of death.
The conference also featured a “Best Ideas” panel discussion and presentations by Jodi Davis (“So You Think You Know Social Security”), Lyle Benson (“The Past, Present and Future of the CPA Financial Planning Profession”), and Anirban Basu (“Economic Update”).
Planning is well under way for the 30th annual Advanced Personal Conference, scheduled for Oct. 30, 2015. MACPA members are encouraged to sign up now for what promises to be another highly engaging and relevant conference.
Seth Hammer, CPA, is a professor of accounting at Towson University.
Annual Advanced PFP Conference: Techniques for 2015 and Beyond
CONTINUING EDUCATION
BY SETH HAMMER, CPA
Ellicott City | Event ID: 121011 | Turf Valley Resort & Conference Center
macpa.org/IndustryConf
Business & Industry is an annual conference that provides content relevant to CPAs in B&I sectors. B&I is a one day event
featuring a new content theme every year.
Helping CPAs become strategic advisors for their organizations
Business & Industry C O N F E R E N C E
2015
MAY 7
Don’t miss out on these national experts and many more!
2015 Conference Sessions• Fraud Investigation Federal Agency• Calculating Liquidation Values
for Early Stage and Other Hi-Tech Forensic Tools & Techniques
• Dealing with the IRS on Valuations• Using CaseMap for a Forensic
Investigation• Valuation Issues in Shareholder
Disputes Resolved by the Delaware Court of Chancery
• Reconciling Appraisals in Business Valuations
• Expert Witness Testimony• Business Valuation Issues in Divorce
JAMES R. HITCHNER, CPA/ABV/CFF, ASA
Financial Valuation Advisors, Managing Director
RON SEIGNEUR, MBA CPA/ABV/CFF, ASA, CVA
Seigneur Gustafson, LLP, Manager Partner
MIKE PELLEGRINO
Pellegrino and Associates, President
MARK S. WARSHAVSKY, CPA/ABV, CFF, CVA, CBA, ASA, CFE, MAFF, DABFA, MBA
Gettry Marcus CPA, P.C., Partner-In-Charge
April 24 | Event ID: 121013 | Hilton Baltimore BWI Airport
Register today: macpa.org/ForensicValuation
FORENSIC VALUATION conference 2015
D I G D E E P E R . S E E M O R E .
O F F E R C L A R I T Y .
29APRIL 2015
The MACPA’s annual Forensic Valuation Services Conference just keeps on growing.
This year’s event, scheduled for April 24 at the BWI Hilton, has expanded to nine CPE hours while being co-sponsored by the Maryland and Washington, D.C., chapters of the ASA and ACFE.
The conference will again feature national speakers at regional prices, and will showcase local experts as well. The event is becoming a staple for regional practitioners who are looking for an opportunity to hear the latest developments in valuation and forensic accounting while staying local. Attendees can bring managers and seniors without the travel costs, and group discounts are being offered as well.
This year’s speakers will include the following:
JAMES HITCHNER
Hitchner is managing director of Financial Valuation Advisors and president of the Financial Consulting Group. He is also CEO of Valuation Products and Services, which created and distributes the Business Valuation Standards Compliance Toolkit and presents monthly webinars. He is editor-in-chief of Financial Valuation and Litigation Expert, a bimonthly journal that presents views and tools from some of the leading experts in valuation, forensics / fraud and litigation services. He will be presenting his annual new year BV update, “New Concepts, Data, Models, and Methods for 2015.”
RON SEIGNEUR
Seigneur has more than 25 years of valuation experience and has been
endorsed as an expert witness in several jurisdictions. He has served in appointments such as trustee, mediator, arbitrator, and special master of the court. Seigneur is active nationally as an educator and author of valuation science and has written and taught advanced-level valuation courses in several states for the AICPA, the NACVA state bar associations, and the Environmental Protection Agency. His session will provide attendees with an opportunity to give thought to a number of tactics and techniques to optimize practice management and improve productivity and profits. Seigneur will offer a number of ideas from his own BVFLS practice, together with lessons learned from many of the professionals he has provided consulting support to over the years.
MIKE PELLEGRINO
Pellegrino is founder and president of Pellegrino and Associates, LLC. As a leading expert in the embedded software and intellectual property valuation industry, he focuses on providing credible and equitable valuations for investment and tax reporting purposes. With his cutting‐edge approach, Pellegrino challenges old practices and develops new, applicable methods to aid IP valuation. His approach helps valuation analysts assess risk and quantify discount rates, select proper valuation methods, and perform necessary due diligence. Pellegrino has testified in court proceedings regarding IP and software valuation cases and has been applauded for his efforts. His presentation will focus on valuation issues in early stage and high-tech businesses.
MARK WARSHAVSKY
Warshavsky is partner-in-charge of the Business Valuation and Litigation Services Group at Gettry Marcus CPA,
P.C. As a consultant to law firms, financial institutions, insurance companies, businesses and individuals, Warshavsky provides services in varied areas of forensic accounting and business valuations, including complex commercial litigation assignments. His experience includes lost profits and commercial damage modeling, shareholder disputes, marital dissolutions, forensic accounting investigations, business bankruptcy, and gift and estate tax filings. Warshavsky teaches business valuation and forensic accounting courses nationwide, and has taught college-level accounting and finance courses. He is frequently requested to testify as an expert witness because of his knowledge, experience, and reputation. His presentation will cover the latest in forensic accounting tools and techniques.
The conference will offer 10 workshops in all, plus a lunch presentation by Lexis / Nexis on CaseMap as a forensic tool. Topics will appeal to both the experienced professional as well as those new to the field.
Member registration is $295. Please book early as space is limited. Register at MACPA.org/ForsensicValuation.
The MACPA FVS Committee is always interested in new members and new ideas for programs.
The FVS Committee is supported by our MACPA coordinator, Paige Sawicki, the MACPA’s professional development coordinator. If you are interested in more information about the committee and upcoming events, call (443) 632-2312, e-mail [email protected], or visit the MACPA website at MACPA.org.
Nationally renowned speakers on tap for Forensic Valuation Services Conferences
CONTINUING EDUCATION
THIRD ANNUAL EVENT SET FOR APRIL 24 AT THE BWI HILTON
MACPA COULDN’T DO EVERYTHING THAT WE DO FOR OUR MEMBERS WITHOUT OUR
PREFERRED PROVIDERS & PREMIER SPONSORS
MACPA PREFERRED PROVIDERS
MACPA PREMIER SPONSORS
For information about sponsoring MACPA programs or to learn more about advertising with the MACPA
please contact Andrew Hood at 443.632.2323 or [email protected]
LEADERSHIP ACADEMY
Fostering CPAs’ leadership and strategic skills to move careers forward, faster
JUNE 3-5
In the fast-approaching future, successful CPAs must be leaders. Leadership Academy is the starting point for unlocking the full potential in the profession’s best and brightest young CPAs. This three-day event is cited by past participants as a transformative boost to their careers.
Event ID: 371001 • Towson • Sheraton Baltimore North
macpa.org/LeadershipAcademy
BY THE AICPA
FRF for SMEs getting recognition in the marketplace
BUSINESS & INDUSTRY
In your role as trusted business adviser, you’re always looking for helpful ways to address your clients’ pain points. Imagine being able to provide your small business clients with common sense solutions on certain financial reporting requirements with a new financial reporting framework.
That’s exactly what Wisconsin-based accounting firm KerberRose has done in approaching its existing GAAP-based and income-tax-basis clients and encouraging them to consider the Financial Reporting Framework for Small- and Medium-Sized Entities, a non-GAAP reporting option for owner-managed, privately held companies. The firm has moved about a quarter of its privately held small business client base to the FRF for SMEs accounting framework, and the response from both clients and their financial statement users has been very positive.
Since its release in 2013, the FRF for SMEs has been gaining traction among CPAs, financial statement users and small businesses across the country. A March 2014 op-ed piece by the editor of the American Bankers Association
ABA Banking Journal (MACPA.org/SMEs) highlighted the framework and encouraged banks to consider accepting financial statements based on the framework to stay competitive in the small business marketplace. Ongoing AICPA educational campaigns have helped to keep the framework top of mind with financial statement users and owners of small businesses.
CPAS ENGAGING CLIENTS AND BUILDING OPPORTUNITIES
The AICPA has received positive feedback from practitioners using the FRF for SMEs Toolkit for CPAs and Firms. Armed with the kit’s informative tools and resources, practitioners are seeing strong outcomes from their client and lender outreach. A new case study — one of two developed for the refreshed toolkit — demonstrates how CPA firms like KerberRose are encouraging clients to adopt the framework.
Additionally, the AICPA’s Private Companies Practice Section’s framework-related networking groups have identified lessons-learned and helpful tips that CPAs have employed in their efforts with clients and lenders to gain acceptance of the framework. Practitioners can request to join the FRF for SMEs networking groups by e-mailing [email protected]. Be sure to indicate the size of your firm in your
message so the AICPA places you in a networking group with your peers.
“The FRF for SMEs accounting framework reinforces CPAs’ reputation as trusted, knowledgeable professionals who apply the most up-to-date accounting techniques and practices to provide information that is tailored to clients’ or employers’
needs,” said Tom Hood, CPA, executive director of the Maryland Association of CPAs. “Helping stakeholders understand the FRF for SMEs is a great way for CPAs to showcase themselves within their community. Since FRF for SMEs is coming from the CPA profession, businesses will know it comes from a trusted source.”
MARKETPLACE ACCEPTANCE AND COMPETITIVE ADVANTAGE
A targeted educational campaign to bankers and small businesses, which ran
STATEMENT32CONTINUED ON PAGE 35
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over the summer, homed in on the FRF for SMEs’ value for each stakeholder. For bankers, the advertisements focused on the competitive advantage for lenders who accept statements based on the framework. Similarly, web banners targeted to small business owners highlighted the cost benefits for the company: ease of using the framework as well as the relevance of the information provided by FRF for SMEs financial statements.
Stakeholders from all over the U.S. have seen banner ads in a variety of online financial and mainstream publications. “Our members will be pleased to know we and the AICPA support the FRF for SMEs framework with this nationwide educational campaign,” said Hood. “With the increase in market awareness, CPAs have a real opportunity to capitalize on providing FRF for SMEs-related services.”
NEW AND UPDATED RESOURCES HELP PROMOTE YOUR EXPERTISE
The AICPA has developed new, free resources to help stakeholders understand the FRF for SMEs option. Three toolkits are available: one for CPAs (MACPA.org/
CPAtools), another for users of financial statements (MACPA.org/FinancialTools) and a third for small businesses (MACPA.org/BizTools).
In addition, the AICPA has updated and refreshed other resources to help CPAs support the framework and promote their services among clients and banks.
As you prepare 2014 financial statements, consider whether FRF for SMEs is your client’s best financial reporting option. If it is, these resources will help you convey how the framework delivers financial statements that provide useful, relevant information in a simplified, consistent, cost-effective way.
Among the new and updated resources are:
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FINANCIAL STATEMENT USER TOOLS
• (New) Sample financial statement/comparison spreadsheet
• (New) Article from the American Bankers Association Banking Journal
• (New) Case study from the banker perspective
• (New) Co-brandable versions of the educational backgrounder and flyer
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• (New) Case study from CPA perspective
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Maximizing buy-in for your technology & process changesBY DUSTIN HOSTETLER
HIGH-TECH SOLUTIONS
Change is difficult. It’s hard. Especially in the business world. Whether the change involves a change in software or a change in process steps, many organizations struggle mightily to execute and implement these changes.
Part of the reason is a natural human tendency to be resistant to change. There’s no doubt that a range exists in the level of resistance person to person. But a key point to understand is that everyone has at least a little fear deep inside when something changes or they’re required to do something differently than what they’ve become accustomed to. There’s often an initial emotional reaction before a logical reaction settles in. Understanding and managing this dynamic is crucial to effectively and successfully implementing process improvements.
I always like to say the following to help make this point: A firm may have the best technology available and have a world-class process documented on paper, but if their people don’t buy in, it’s not worth very much. If you want to maximize your ROI on technology and process improvements, it’s an absolute must to spend time developing a strategy to address the human element of change.
ADDRESSING THE ‘WHY’
There are two main questions to address to help bridge the gap between the initial emotional reaction to change and the longer-term reaction of logic. Both of them involve having a complete understanding of the “why” question.
The first burning question everyone has when a process change is being introduced is, “Why do we need to change?”
We call this the “Current State Tollgate.” Before you have a chance to secure buy-in to the new changes, you have to effectively answer this question and pass this tollgate mentally with your team. You need to show that this isn’t just about
change for change’s sake.
The second question, assuming we have passed the first question, is, “Why will these changes be better?”
We call this the “Future State Tollgate.” Assuming you’ve effectively explained the why as to why the change is needed, you next need to make the jump and explain why the solutions you’re proposing are better than the current state. Everyone wants to know: What certainty can you provide that you’ve done your homework? Are these changes addressing the true opportunities for improvement? Once we get over the initial learning curve, will these changes drive efficiency?
Do your homework by explaining these two “why” questions and you’ll be much quicker to build the bridge to understanding.
BUILDING THE CASE THROUGH DMAIC
A powerful methodology to follow to make sure you’re effectively answering the “why” questions is to follow the Lean Six Sigma D-M-A-I-C process improvement model. The model involves following these five steps:
DEFINE: Create the vision, define the objectives, identify the
scope of the process change, and create timelines for project completion.
MEASURE: Map out and thoroughly understand the current
state of your process. Not what should be happening or what is documented on paper currently. Map out what is actually happening today – and all of the variation between offices and individuals.
ANALYZE: Tear the process down. Identify the inefficiencies
and waste. Identify the work loops and churn. Identify the quality issues. Ultimately, identify the areas of opportunity.
IMPROVE: Develop ideas and solutions into the areas of
opportunity discovered during the Analyze phase. Make sure you’re not just applying best practices to a part of the process that isn’t a root cause area of weakness. That leads to ineffective change and convoluted processes. Document the future state process.
CONTROL: Take the time to train, roll out, and implement the new
process. This is where the nail must be hit on the head with regard to addressing the “why” questions. If you did your homework in Define, Measure, and Analyze, this step in the methodology is much smoother.
SECURE YOUR ORGANIZATION’S BUY-IN
You can invest time in the research, opportunity assessment, and strategy for implementation and see organizational change happen much more smoothly and effectively. Essentially, invest time and, in return, save immediate multiples of that time invested. Or, you can get caught up in the constant daily churn and say you don’t have time for doing your homework. The results will be sub-optimal performance and execution of the change you’re adopting.
To leading organizations, it’s a no-brainer. Leading organizations understand the importance of understanding and explaining the “why” when changes are made. Following the DMAIC model is a great way to help secure buy-in through the “why” questions. You may not get 100 percent across the board initial buy-in, but you’ll be well past the threshold of resistance and will be on the path to success.
Dustin Hostetler is a shareholder and Lean Six Sigma consultant for Boomer Consulting. Contact him at [email protected].
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STATEMENT38
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Lisa Blackmore, MBA, CPA, has been named a partner with Squire, Lemkin + Company, LLP.
Michael Chambers, MSM, a CPA Candidate member of the MACPA, has joined the Audit Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A.
Matthew P. Chance, CPA, has been named a partner with Wigglesworth, Layton & Moyers, P.C.
Brian J. Crepeau, CPA, has been named the head of the Tax Controversy practice group at Rosenberg Martin Greenberg.
Brett Friedman, CFP, who is in charge of the Tax and Financial Services Departments at DeLeon & Stang, CPAs and Advisors, has been named co-chair of Young Professionals at the Gaithersburg-Germantown Chamber of Commerce.
Kim Fusco, CPA, and Bryan Porter, CPA, have been appointed to principals within the audit, accounting and consulting department at Ellin & Tucker. In their expanded roles, Fusco and Porter will take the lead on client engagements in the not-for-profit industry and the construction and manufacturing industries, respectively.
Elizabeth S. Gantnier, CPA, CGMA, president and director of quality control with Stegman & Company, is celebrating her ninth anniversary with the firm.
Kelly Gilmartin, BBA, a CPA Candidate member of the MACPA, has joined the Audit Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A.
Kayla Gross, CPA, has been promoted to principal in the Baltimore office of CohnReznick LLP.
Nick Grueninger, CPA, has joined Stegman & Company as a senior accountant in the firm’s audit department.
Judy K. Hebb, CPA, has been promoted to manager at the Hagerstown office of Smith Elliott Kearns & Company. She specializes in providing tax and accounting services to a wide variety of businesses and individuals.
Karen Hess, CPA, has joined Gross, Mendelsohn & Associates, P.A., as an entry-level staff accountant in the tax department of the firm’s Baltimore office.
Jerry Housand, CPA, a supervisor in the audit and accounting department at Gross, Mendelsohn & Associates, P.A., has earned the CPA designation.
Chris Johns, CPA, a semi-senior accountant in the audit and accounting department at Gross, Mendelsohn & Associates, P.A., has earned the CPA designation.
Seth Kossman, CPA, who practices in the Tax and Business Groups at Ober | Kaler, has been elected as principal at the firm.
Robert B. Lechter, CPA, Certified Forensic Accountant, recently passed the examination for the Master Analyst in Financial Forensics (MAFF) credential, offered by the National Association of Certified Valuators and Analysts.
David Leipnik, CPA, a supervisor in the tax department at Gross Mendelsohn, has earned the Certified Valuation Analyst (CVA) designation.
Ryan Letke, CPA, has become a full partner at WeberMessick. He joins existing partners Michael Weber, CPA, and Brian Messick, CPA.
Dick Locastro, CPA, JD, who has served as tax principal at Gelman, Rosenberg & Freedman CPAs since 2007, has been promoted to tax partner.
Anna Vitale Lybrook, CPA, a shareholder at Stoy, Malone & Co., P.C., has been re-elected treasurer of the Ed Block Courage Award Foundation. She serves as a member of the Foundation’s Executive Committee. The Foundation is dedicated to raising awareness
and prevention of child abuse. In addition, Ms. Lybrook has been elected treasurer of the Patterson High School Class of 1975 Reunion Committee.
Sayo Macino, CPA, has joined Stegman & Company as a senior accountant in the firm’s tax department.
Erin Mazurkevich, CPA, has joined Gross, Mendelsohn & Associates, P.A., as an entry-level staff accountant in audit and accounting department of the firm’s Baltimore office.
Peter O. McDonald, CPA, has been admitted as a member of Smith Elliott Kearns & Company.
NEWS & VIEWSMEMBER NOTESMEMBER NOTES
39APRIL 2015
FIRM NOTES
MEMBER NOTES CONT.
STATEMENT40
Scott E. Murray, CPA, MBA, has joined the Tax Department at Kahn, Berman, Solomom, Taibel & Mogol, P.A., as a tax supervisor.
Mary Beth Norwood, CPA, co-managing partner of CohnReznick’s Baltimore office, has been selected to receive the Dean’s Circle of Excellence Award from Mount Saint Mary’s University. The highest honor a Dean can
bestow at “the Mount,” the Dean’s Circle of Excellence is the University’s alumni “Hall of Fame,” recognizing graduates for their outstanding accomplishments in their profession and communities, and for their ongoing commitment to the mission of Mount Saint Mary’s.
Raymond J. Plummer, CPA, has been admitted as a partner with Bormel, Grice & Huyett, P.A.
John Somerville, CPA, has been appointed the position of senior tax manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A.
DeLeon & Stang, CPAs and Advisors, has been awarded Small Business of the Year for Volunteerism from the Corporate Volunteer Council of Montgomery County. The firm was presented with the award at the CVC-MC annual lunch in November. This was the first time the firm has received the award.
DeLeon & Stang is ranked 43rd in the Washington Business Journal’s ranking of the top 50 accounting firms in the Washington, D.C., area.
Gross, Mendelsohn & Associates, P.A., has been named one of the Baltimore Sun’s “Top Workplaces” for a third consecutive year. The award honors Baltimore-area businesses that offer outstanding work environments for employees.
Gross, Mendelsohn & Associates, P.A., has merged with Vogel, Dean & Lill, PLLC, a Fairfax, Va.-based CPA and consulting firm. The merger took effect on Jan. 1.
Rich Stang, CPA/ABV, PFS, a founding partner of DeLeon & Stang, CPAs and Advisors, has been elected president of the Corporate Volunteer Council of Montgomery County. The organization educates businesses
on how to partner with and support non-profit organizations by helping create successful volunteer / charitable programs that positively impact the business, its employees and the local community.
Deborah Wallace, CPA, CFE, has been appointed the position of integrated services manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A.
Kimberly J. Wines, SPHR, AAAPM, firm administrator at Smith Elliott Kearns & Company, LLC, has been awarded the SHRM Senior Certified Professional certification by the Society for Human Resource
Management. The designation recognizes HR professionals who develop strategies, lead the HR function, foster influence in the community, analyze performance metrics, and align HR strategies to organizational goals.
Laura Wittig, CPA, has been appointed the position of tax manager with Kahn, Berman, Solomom, Taibel & Mogol, P.A.
Halt, Buzas & Powell, Ltd., has been ranked No. 28 in the Washington Business Journal’s 2015 list of the top 50 accounting firms in the Washington, D.C. area.
KatzAbosch has launched a new website dedicated solely to the firm’s government contracting niche. The site can be found at www.katzaboschgovcon.com.
Ribis, Jones & Maresca, P.A., and McQuade Brennan LLP have merged effective Feb. 1. The combined firm will operate under the name Jones, Maresca & McQuade, P.A.
Stegman & Company is celebrating its 100th anniversary this year. It is the oldest locally owned public accounting firm in Maryland.
The MACPA Beach Retreat is held every year in Ocean City, MD. There’s no other time you can get CPE at the beach! Members are encouraged to bring families and make Beach Retreat part of a working vacation. Four learning tracks are
offered every year, and participants are invited to take as many (or few) sessions as they like.
Bring SPF. Take CPE.
macpa.org/BeachRetreat
JULY 1, 2, & 3OCEAN CITY, MD | CLARION RESORT FONTAINEBLEAU HOTEL
2015
MACPA
WELCOME, NEW AND REINSTATED CPA CANDIDATE MEMBERS!
WELCOME, NEW AND REINSTATED MACPA MEMBERS!
MEMBER SERVICES
ANNE ARUNDEL CHAPTERYOLANDE C. PROSPERGEOFFREY L. SURPRENANT
ANNE ARUNDEL CHAPTERREID ELLIS JR, CPAVINCENT R. IATESTA, CPAKRISTIN E. KRAWCHUK, CPAFRANCES W. KUSHNER, CPANATALIA LEITER, CPASHARON J. MILLAWAY, CPASTEVEN L. ROGERS, CPASCOTT M. TARNOSKY, CPA
CAPITAL AREA CHAPTERMARC I. ALBERSTADT, CPARICARDO C. ASHBY, CPAMOE AUNG, CPASOLOMON D. AYELE, CPAGABRIELLE R. CHAPMAN, CPA PATRICIA R. CONRAD, CPAJEFFREY R. COOK, CPA, CITP,CIPT,CISASTEPHEN H. CROMWELL, CPAMOHAMED DENDEN, CPAJOHN T. DEVINE, CPA, PFSKRISTOFER GOCHENOUR, CPA, CGMALALITKUMAR D. GOHIL, CPAVINCENT GOMES, CPAMARY R. GRAY, CPAJIARONG GUO, CPAJOHN M. HARTZ, CPAIRA S. HOLMES, CPABERTHIL JAMES, CPA, MBALAWRENCE F. JONES, CPA, MBA,CFE,CIAEMERSON H. LEE, CPAKEVIN B. LOTENBERG, CPA, CMA,MSA
CAPITAL AREA CHAPTER JOSEPH A. HERNANDEZCOURTNEY L. MCKENZIECLEMENT NGAMOANQI WANG
TAMBA S. MAYAH, CPAJEANNE M. MCMILLEN, CPAJASON S. PATTEN, CPAAMANDA R. RAMAN, CPACHRISTOPHER J. ROBINSON, CPAANDREA SHORTER, CPASTEPHEN J. SILVER, CPATERESA F. SMITH, CPAMARK T. STEELE, CPAKARL R. THORN JR., CPAJOHN H. WALKER, CPAEDWARD J. WEISBERGER, CPAPAUL A. WEST, CPAHECTOR J. WUOR, CPA, MSCMATTHEW H. ZAPPONE, CPA
CENTRAL MARYLAND CHAPTERMATTHEW E. BIRKELIEN, CPAJOSEPH V. CARLOZO, CPA, CFPCHUI YI CHEUNG, CPAJOHN D. COGGINS III, CPAMICHAEL W. CREASY, CPAMARY E. DODSON, CPALAUREN FADER, CPAWAYNE J. FELDER, CPAWILLIAM H. FINK III, CPAEDWARD M. FRERE JR., CPAROBIN A. GUNDERSEN, CPA
CENTRAL MARYLAND CHAPTERAMY D. CLEMENTPATRICK J. DRUMJAMES DRURYANDREW J. ECKERTDAWIT W. GEBREGIORGIS
SOPHIA GLUCKJACOB KOWALSKIWING LAMMIRIAM LIPSKYERIN N. MAZURKEVICHANGELA N. MOORECAROLYN R. PEARSON
ALBERT S. HAHM, CPARYAN HARVEY, CPABRIAN E. HOCKENBROCK, CPAVIVIAN H. HUDEC, CPAPEGGY JENKINS, CPAJ S. JONES, CPAERIN KALISH, CPAVERNA KAROLENKO, CPAVICTOR LIPNITSKY, CPALIN LUO, CPAKEVIN R. MATUSZAK, CPASEAN MODERACKI, CPAMICHAEL E. O’HEIR, CPAMATTHEW J. PEARSON, CPAMATTHEW P. PIAZZA, CPAUMESH K. POKHREL, CPA, MBACOLLEEN E. ROSENSTEEL, CPAVALERIE A. SHEEHAN, CPADAVID J. STEINER, CPAJOSEPH M. STELLA, CPASHARON STEWART, CPA, MBAJOHN B. TUNNEY, CPABENJAMIN VELDMAN, CPAPATRICIA T. VELEZ, CPAGERALD W. VON AHN III, CPAJENNIFER L. WELSH, CPABARBARA A. WILSON, CPASHUXIN ZHENG, CPA
EASTERN SHORE CHAPTERLUKE A. BLAZEJAK, CPA
MID-MARYLAND CHAPTERTIMOTHY M. DELBRUGGE, CPAJEREMY A. KNOTT, CPA, MBASUSAN E. PEART, CPADONALD R. SCHILLING, CPAAISLINN E. SWEENEY, CPAMELISSA A. WALTER, CPAJEREMY J. WENGERD, CPA
SOUTHERN MARYLAND CHAPTERBETH A. KENNEDY, CPA
WESTERN MARYLANDMELISSA A. MORAUER, CPA
OUT OF STATEJOSEPH W. BENCIVENGA, CPAROCHELLE J. BROWN, CPACHRISTOPHER D. CAREY, CPAHOLLY CARNEVALE, CPALINDSEY J. DENT, CPATERESA L. GREIDER, CPATIMOTHY J. HENNESSEY, CPA
STATEMENT42
MEMBER SERVICES
43APRIL 2015
Young professionals are faced with unique challenges – passing the exam,
navigating career paths, and finding a place in the profession. That’s why
in 2003, the MACPA created its first young professionals network. Since
its inception, the New / Young Professionals Network (NYPN) has been
engaging young CPAs in Maryland with opportunities for professional
development, networking, and volunteerism. Learn more at macpa.org/
NYPN.
GET INVOLVEDThe NYPN Advisory Board has determined networking, student outreach
and professional development to be the three areas that are most
critical to the development of young professionals and the future of the
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NYPN LEADERSHIPCHAIR: Debra Hale, CPA, Weil, Akman, Baylin & Coleman, P.A.
VICE CHAIR / CHAIR-ELECT: Stephen Hohne, CPA, Hertzbach & Company
SECRETARY / TREASURER: Kuo Lee, CPA, CrossCountry Consulting
PAST CHAIR: Nick Hollander, CPA, L&H Business Consulting
ACTIVITIES CHAIR / PROFESSIONAL DEVELOPMENT CHAIR: Jennie
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PUBLIC RELATIONS / OUTREACH CHAIR: Barrett Young, CPA, The Green
Abacus
AT-LARGE MEMBER: Kathryn Koza, CPA, Grant Thornton, LLP
AT-LARGE MEMBER: Harry Sturgis, CPA, Weyrich, Cronin & Sorra Chtd.
What is NYPN?
QUALITY CPA FIRM WISHES TO ACQUIRE PRACTICE OR ACCOUNTS in Baltimore/Washington/
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Proficiency in technical writing and research
Ability to communicate with staff at all levels
Comfortable with working in a team environment
CLASSIFIEDSjob openings
STATEMENT44
Grossberg Company LLP offers a competitive compensation
package including training and opportunities for advancement;
medical, dental, disability insurance, life insurance, retirement
program including profit sharing; paid holidays and vacation,
flex-time policy, company sponsored gym membership, and a
business casual attire dress code.
Qualified candidates should apply on-line at: http://
grossberg.catsone.com/careers
BALTIMORE COUNTY PUBLIC ACCOUNTING FIRM HAS OPPORTUNITIES for an experienced Senior Tax Accountant and Staff Tax
Accountant to join our team. Qualified applicants should have
at least 2+ years’ experience with individual, partnership,
corporate, and trust tax preparation. We have some rather
unique clients.
REQUIREMENTS:
• 2+ years Public Accounting experience
• Preparation of 1065, 1120S, 1120, 1040, 990, and 1041
returns
• Provide tax research and consulting services in response to
tax return issues, client requests and identifying opportunities
for tax planning
Our firm caters to entrepreneurs and we service a nice variety
of industries. We have a casual dress environment, hassle-free
parking and WE PAY OVERTIME AND BONUSES until you
become partner.
Compensation will be based on experience. Candidates
should possess strong tax knowledge with a demonstrated
ability to thoroughly research and present complex tax issues.
ProSeries experience is a plus. Firm has health, dental, vision,
life insurance, 401K, profit-sharing, and a generous vacation
package. And you did read correctly…..we pay overtime!
Please respond to this posting with resume and salary
requirements. Send to the attention of Amy Moran at amym@
macpa.org.
CLASSIFIEDS
How to Submit a Classified AdTo submit a classified ad, please visit macpa.org/submitclassifieds, or contact Amy Moran at 443.632.2319, or by email [email protected].
GIVE YOUR COMPANY VALUABLE EXPOSURE TO NEARLY 10,000 MACPA MEMBERS BY ADVERTISING YOUR CLASSIFIED AD IN THE STATEMENT.
CONFIDENTIAL ADS: Replies to confidential ads should be addressed to the file number in care of:Amy Moran MACPA901 Dulaney Valley Road, Suite 800Towson, MD 21204Properly addressed replies will be forwarded to the advertiser unopened. Replies that are not properly addressed will be opened only to determine contents and then forwarded to the advertiser.
45APRIL 2015
BIEGEL WALLER, A SUCCESSFUL AND GROWING COLUMBIA, MD based tax firm serving
high net worth individuals is seeking an Experienced Tax
Manager to lead and develop their individual tax practice. The
successful candidate has a strong individual tax knowledge
base (passive/active, at-risk, tax basis, NII, real estate, self-
employment tax, etc.). Trust taxation, financial planning, and an
understanding of complex IRA/qualified retirement plan taxation
a plus. Bringing a client base is not necessary. Flexible seasonal
hours a possibility. See our web site at www.biegelwallerllp.com.
Submit resume and cover letter to [email protected].
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
4/14 4/14 WEBCAST: Revenue Recognition 8 9 a - 5 p $249 $345 11W060A Online Webcast, Internet
4/16 4/16 WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes
4 1 p - 4:30 p $149 $199 11W048A Online Webcast, Internet
4/17 4/17 WEBCAST:Internal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W051A Online Webcast, Internet
4/17 4/172015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $255 $355 121000
University of MD University College The Inn & Conference Center, College Park
4/20 4/20 WEBCAST: Statement of Cash Flows: Preparation and Presentation Options
4 1 p - 4 p $149 $199 11W067A Online Webcast, Internet
4/21 4/21 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W007A Online Webcast, Internet
4/22 4/22 WEBCSAT: New FASB Developments for Business & Industry 4 1 p - 4:30 p $149 $199 11W056A Online Webcast, Internet
4/23 4/23 WEBCSAT: Analyzing a Company’s Financial Statement 4 1 p - 4:30 p $149 $199 111W002A Online Webcast, Internet
4/23 4/23 WEBCAST: Explore Forensic Techniques to Recognize Fraud 4.5 1 p - 5 p $149 $199 11W035A Online Webcast, Internet
4/24 4/24 WEBCAST: Construction: Accounting, Auditing, Tax 8 9 a - 4 p $245 $245 11W013A Online Webcast, Internet
4/24 4/24 WEBCAST: Update for Accountants and Auditors 8 9 a - 4:40 p $149 $199 11W073A Online Webcast, Internet
4/27 4/27 2015 EMPLOYEE BENEFIT PLAN CONFERENCE 8 8:30 a - 4:40 p $300 $400 121012 Sheraton Columbia Hotel, Columbia
4/28 4/28 FASB / SAS Update (2015 Edition) 8 8 a - 3:30 p $295 $395 111005 MACPA Columbia Center, Columbia
4/28 4/28 WEBCAST: Fraud in Purchasing and Cash Disbursement 4 1 p - 4:30 p $149 $199 11W042A Online Webcast, Internet
4/28 4/28 WEBCAST: Fraud in Revenue and Cash Receipts Cycles 4 9 a - 12:30 p $149 $199 11W045A Online Webcast, Internet
4/28 4/28 WEBCAST: Audits of HUD-Assisted Projects 4 1 p - 4:30 p $149 $199 11W077A Online Webcast, Internet
4/29 4/29 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W070A Online Webcast, Internet
4/30 4/30 WEBCAST: Compilation, Review, and Accounting Service Update
4 1 p - 4 p $149 $199 11W010A Online Webcast, Internet
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
5/18 5/18 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
5/19 5/19 AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
8 8 a - 3:30 a $295 $395 111213A Mount Continuing Studies Center, Frederick
5/22 5/22 WEBCAST: Audits of 401(k) Plans: Special Considerations 8 9 a - 4:40 p $249 $345 11W076A Online Webcast, Internet
Upcoming Events & Courses
STATEMENT46
ACCOUNTING & AUDITING
5/25 5/25 Internal Controls and Risk Assessment: Key Factors in a Successful Audit
8 8 a - 3:30 p $295 $395 111223 TBD, ......
6/2 6/2 Not-for-Profit Accounting and Auditing Update 4 8 a - 11:30 a $150 $200 111221A MACPA Columbia Center, Columbia
6/2 6/2 Frequent Frauds Found in Not-for-Profits 4 12 p - 3:30 p $150 $200 111222A MACPA Columbia Center, Columbia
6/5 6/5 Yellow Book: Government Auditing Standards 8 8 a - 3:30 p $345 $395 111215A MACPA Columbia Center, Columbia
6/17 6/17 Internal Controls and Risk Assessment: Key Factors in a Successful Audit
8 8 a - 3:30 p $295 $395 111216A MACPA Columbia Center, Columbia
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/19 6/19 Accounting and Auditing Current Developments 8 8 a - 3:30 p $220 $320 111006 Mount Continuing Studies Center, Frederick
6/26 6/26 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W093A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Accounting and Auditing Track - Accounting and Auditing Update- Jennifer Elder, CPA
4 7:30 a - 11 a $170 $220 1BR003Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA
4 12 p - 3:30 p $170 $220 1BR004Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR014Clarion Resort Fontainebleau Hotel, Ocean City
7/8 7/8 WEBCAST: Fraud in Purchasing and Cash Disbursement 4 1 p - 4:30 p $149 $199 11W083A Online Webcast, Internet
8/14 8/14 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W075A Online Webcast, Internet
8/14 8/14 WEBCAST: nternal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W085A Online Webcast, Internet
8/24 8/24 WEBCAST: Accounting for Deferred Income Taxes 8 10:30 a - 6 p $249 $345 11W074A Online Webcast, Internet
4/10 4/10 WEBCAST: Financial Forecasting: Planning for Success 4 1 p - 4:40 p $149 $199 11W038A Online Webcast, Internet
4/14 4/14 WEBCAST: Revenue Recognition 8 9 a - 5 p $249 $345 11W060A Online Webcast, Internet
4/16 4/16 WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes
4 1 p - 4:30 p $149 $199 11W048A Online Webcast, Internet
4/16 4/16 WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers
4 1 p - 4 p $149 $199 11W063A Online Webcast, Internet
4/17 4/17 WEBCAST: Controller’s Update: Latest Trends 4 1 p - 4 p $149 $199 11W016A Online Webcast, Internet
4/17 4/17 WEBCAST:Internal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W051A Online Webcast, Internet
4/20 4/20 WEBCAST: Statement of Cash Flows: Preparation and Presentation Options
4 1 p - 4 p $149 $199 11W067A Online Webcast, Internet
4/21 4/21 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W007A Online Webcast, Internet
4/22 4/22 WEBCSAT: New FASB Developments for Business & Industry 4 1 p - 4:30 p $149 $199 11W056A Online Webcast, Internet
4/23 4/23 WEBCSAT: Analyzing a Company’s Financial Statement 4 1 p - 4:30 p $149 $199 111W002A Online Webcast, Internet
4/23 4/23 WEBCAST: Explore Forensic Techniques to Recognize Fraud 4.5 1 p - 5 p $149 $199 11W035A Online Webcast, Internet
4/24 4/24 WEBCAST: Construction: Accounting, Auditing, Tax 8 9 a - 4 p $245 $245 11W013A Online Webcast, Internet
47APRIL 2015
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
5/25 5/25 Internal Controls and Risk Assessment: Key Factors in a Successful Audit
8 8 a - 3:30 p $295 $395 111223 TBD, ......
6/2 6/2 Not-for-Profit Accounting and Auditing Update 4 8 a - 11:30 a $150 $200 111221A MACPA Columbia Center, Columbia
6/2 6/2 Frequent Frauds Found in Not-for-Profits 4 12 p - 3:30 p $150 $200 111222A MACPA Columbia Center, Columbia
6/5 6/5 Yellow Book: Government Auditing Standards 8 8 a - 3:30 p $345 $395 111215A MACPA Columbia Center, Columbia
6/17 6/17 Internal Controls and Risk Assessment: Key Factors in a Successful Audit
8 8 a - 3:30 p $295 $395 111216A MACPA Columbia Center, Columbia
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/19 6/19 Accounting and Auditing Current Developments 8 8 a - 3:30 p $220 $320 111006 Mount Continuing Studies Center, Frederick
6/26 6/26 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W093A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Accounting and Auditing Track - Accounting and Auditing Update- Jennifer Elder, CPA
4 7:30 a - 11 a $170 $220 1BR003Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA
4 12 p - 3:30 p $170 $220 1BR004Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR014Clarion Resort Fontainebleau Hotel, Ocean City
7/8 7/8 WEBCAST: Fraud in Purchasing and Cash Disbursement 4 1 p - 4:30 p $149 $199 11W083A Online Webcast, Internet
8/14 8/14 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W075A Online Webcast, Internet
8/14 8/14 WEBCAST: nternal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W085A Online Webcast, Internet
8/24 8/24 WEBCAST: Accounting for Deferred Income Taxes 8 10:30 a - 6 p $249 $345 11W074A Online Webcast, Internet
4/10 4/10 WEBCAST: Financial Forecasting: Planning for Success 4 1 p - 4:40 p $149 $199 11W038A Online Webcast, Internet
4/14 4/14 WEBCAST: Revenue Recognition 8 9 a - 5 p $249 $345 11W060A Online Webcast, Internet
4/16 4/16 WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes
4 1 p - 4:30 p $149 $199 11W048A Online Webcast, Internet
4/16 4/16 WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers
4 1 p - 4 p $149 $199 11W063A Online Webcast, Internet
4/17 4/17 WEBCAST: Controller’s Update: Latest Trends 4 1 p - 4 p $149 $199 11W016A Online Webcast, Internet
4/17 4/17 WEBCAST:Internal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W051A Online Webcast, Internet
4/20 4/20 WEBCAST: Statement of Cash Flows: Preparation and Presentation Options
4 1 p - 4 p $149 $199 11W067A Online Webcast, Internet
4/21 4/21 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W007A Online Webcast, Internet
4/22 4/22 WEBCSAT: New FASB Developments for Business & Industry 4 1 p - 4:30 p $149 $199 11W056A Online Webcast, Internet
4/23 4/23 WEBCSAT: Analyzing a Company’s Financial Statement 4 1 p - 4:30 p $149 $199 111W002A Online Webcast, Internet
4/23 4/23 WEBCAST: Explore Forensic Techniques to Recognize Fraud 4.5 1 p - 5 p $149 $199 11W035A Online Webcast, Internet
4/24 4/24 WEBCAST: Construction: Accounting, Auditing, Tax 8 9 a - 4 p $245 $245 11W013A Online Webcast, Internet
AICPA WEBCASTS
ACCOUNTING & AUDITING (CONT.)
STATEMENT48
4/24 4/24 WEBCAST: Update for Accountants and Auditors 8 9 a - 4:40 p $149 $199 11W073A Online Webcast, Internet
4/28 4/28 WEBCAST: Fraud in Purchasing and Cash Disbursement 4 1 p - 4:30 p $149 $199 11W042A Online Webcast, Internet
4/28 4/28 WEBCAST: Fraud in Revenue and Cash Receipts Cycles 4 9 a - 12:30 p $149 $199 11W045A Online Webcast, Internet
4/28 4/28 WEBCAST: Audits of HUD-Assisted Projects 4 1 p - 4:30 p $149 $199 11W077A Online Webcast, Internet
4/29 4/29 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W070A Online Webcast, Internet
4/30 4/30 WEBCAST: Compilation, Review, and Accounting Service Update
4 1 p - 4 p $149 $199 11W010A Online Webcast, Internet
5/22 5/22 WEBCAST: Audits of 401(k) Plans: Special Considerations 8 9 a - 4:40 p $249 $345 11W076A Online Webcast, Internet
6/3 6/3 WEBCAST: IRS Disputes: Identifying Options for Your Client 4 1 p - 4:30 p $149 $199 11W086A Online Webcast, Internet
6/16 6/16 WEBINAR: Social Security and Medicare: Maximizing Retirement Benefits
4 1 p - 4:40 p $149 $199 11W091A Online Webcast, Internet
6/26 6/26 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W093A Online Webcast, Internet
6/29 6/29 WEBCAST: Capitalized Costs and Depreciation: Key Issues and Answers
4 10:30 a - 2:30 p $149 $199 11W079A Online Webcast, Internet
7/8 7/8 WEBCAST: Fraud in Purchasing and Cash Disbursement 4 1 p - 4:30 p $149 $199 11W083A Online Webcast, Internet
7/16 7/16 WEBINAR: New FASB Developments for Business & Industry 4 1 p - 4:30 p $149 $199 11W087A Online Webcast, Internet
7/20 7/20 WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
8 10:30 a - 6:30 p $249 $345 11W078A Online Webcast, Internet
7/20 7/20 WEBINAR Compilation, Review, and Accounting Service Update
4 1 p - 4 p $149 $199 11W080A Online Webcast, Internet
7/23 7/23 WEBINAR: Financial Forecasting: Planning for Success 4 1 p - 4:40 p $149 $199 11W082A Online Webcast, Internet
7/28 7/28 WEBCAST: Tax Planning Strategies for Small Businesses: Corporations Partnerships, & LLCs
4 1 p - 4:30 p $149 $199 11W092A Online Webcast, Internet
8/14 8/14 WEBCAST: Audit Workpapers: Documenting and Reviewing Fieldwork
8 9 a - 5 p $249 $345 11W075A Online Webcast, Internet
8/14 8/14 WEBCAST: nternal Control Essentials for Financial Managers, Accountants, & Auditors
8 9 a - 5 p $249 $345 11W085A Online Webcast, Internet
8/21 8/21 WEBCAST: Smart Tax Planning Strategies for Individuals 4 1 p - 4:30 p $149 $199 11W089A Online Webcast, Internet
8/24 8/24 WEBCAST: Accounting for Deferred Income Taxes 8 10:30 a - 6 p $249 $345 11W074A Online Webcast, Internet
4/10 4/10 WEBCAST: Financial Forecasting: Planning for Success 4 1 p - 4:40 p $149 $199 11W038A Online Webcast, Internet
4/17 4/17 WEBCAST: Controller’s Update: Latest Trends 4 1 p - 4 p $149 $199 11W016A Online Webcast, Internet
4/23 4/23 WEBCSAT: Analyzing a Company’s Financial Statement 4 1 p - 4:30 p $149 $199 111W002A Online Webcast, Internet
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
4/28 4/28 FASB / SAS Update (2015 Edition) 8 8 a - 3:30 p $295 $395 111005 MACPA Columbia Center, Columbia
4/29 4/29 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30 4/30 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
AICPA WEBCASTS (CONT.)
BUSINESS & INDUSTRY
5/6 5/6 Excel Power User: Macro Programming using Visual Basic for Applications
8 8 a - 3:30 p $330 $480 130037 MACPA Columbia Center, Columbia
5/7 5/72015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $395 $495 121011
Turf Valley Resort & Conference Center, Ellicott City
5/18 5/18 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
5/28 5/28 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171006 The Loyola Graduate Center, Timonium
5/29 5/29 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171007Johns Hopkins University - Montgomery County Campus, Rockville
5/29 5/29Ethics, Critical Thinking and Fraud 4 12:30 p - 4 p $115 $215 171008
Johns Hopkins University - Montgomery County Campus, Rockville
6/2 6/2 Frequent Frauds Found in Not-for-Profits 4 12 p - 3:30 p $150 $200 111222A MACPA Columbia Center, Columbia
6/3 6/3 2015 MACPA Leadership Academy 20 9 a - 7:30 p $1500 $1500 371001 Sheraton Baltimore North - Towson, Towson
6/4 6/4 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130038 MACPA Columbia Center, Columbia
6/16 6/16 The Eight Hour MBA: Key Concepts of Adding Value 8 8 a - 3:30 p $295 $395 110100 The Loyola Graduate Center, Timonium
6/17 6/17 Business Development Skills for Accountants 4 8 a - 11:30 a $150 $200 110101 The Loyola Graduate Center, Timonium
6/19 6/19 Accounting and Auditing Current Developments 8 8 a - 3:30 p $220 $320 111006 Mount Continuing Studies Center, Frederick
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
6/26 6/26 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W093A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR001Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR002Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)
6 7:30 a - 1 p $280 $330 1BR005Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR015Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR007Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 *BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*
6 7:30 a - 1 p $280 $330 1BR011Clarion Resort Fontainebleau Hotel, Ocean City
7/30 7/30 Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done
4 8 a - 12 p $200 $250 171010 MACPA Columbia Center, Columbia
8/24 8/24 WEBCAST: Accounting for Deferred Income Taxes 8 10:30 a - 6 p $249 $345 11W074A Online Webcast, Internet
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
4/27 4/27 2015 EMPLOYEE BENEFIT PLAN CONFERENCE 8 8:30 a - 4:40 p $300 $400 121012 Sheraton Columbia Hotel, Columbia
5/18 5/18 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
49APRIL 2015
5/6 5/6 Excel Power User: Macro Programming using Visual Basic for Applications
8 8 a - 3:30 p $330 $480 130037 MACPA Columbia Center, Columbia
5/7 5/72015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $395 $495 121011
Turf Valley Resort & Conference Center, Ellicott City
5/18 5/18 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
5/28 5/28 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171006 The Loyola Graduate Center, Timonium
5/29 5/29 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171007Johns Hopkins University - Montgomery County Campus, Rockville
5/29 5/29Ethics, Critical Thinking and Fraud 4 12:30 p - 4 p $115 $215 171008
Johns Hopkins University - Montgomery County Campus, Rockville
6/2 6/2 Frequent Frauds Found in Not-for-Profits 4 12 p - 3:30 p $150 $200 111222A MACPA Columbia Center, Columbia
6/3 6/3 2015 MACPA Leadership Academy 20 9 a - 7:30 p $1500 $1500 371001 Sheraton Baltimore North - Towson, Towson
6/4 6/4 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130038 MACPA Columbia Center, Columbia
6/16 6/16 The Eight Hour MBA: Key Concepts of Adding Value 8 8 a - 3:30 p $295 $395 110100 The Loyola Graduate Center, Timonium
6/17 6/17 Business Development Skills for Accountants 4 8 a - 11:30 a $150 $200 110101 The Loyola Graduate Center, Timonium
6/19 6/19 Accounting and Auditing Current Developments 8 8 a - 3:30 p $220 $320 111006 Mount Continuing Studies Center, Frederick
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
6/26 6/26 WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them
4 1 p - 4:30 p $149 $199 11W093A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR001Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR002Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)
6 7:30 a - 1 p $280 $330 1BR005Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR015Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR007Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 *BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*
6 7:30 a - 1 p $280 $330 1BR011Clarion Resort Fontainebleau Hotel, Ocean City
7/30 7/30 Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done
4 8 a - 12 p $200 $250 171010 MACPA Columbia Center, Columbia
8/24 8/24 WEBCAST: Accounting for Deferred Income Taxes 8 10:30 a - 6 p $249 $345 11W074A Online Webcast, Internet
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
4/27 4/27 2015 EMPLOYEE BENEFIT PLAN CONFERENCE 8 8:30 a - 4:40 p $300 $400 121012 Sheraton Columbia Hotel, Columbia
5/18 5/18 Auditing Employee Benefit Plans 8 8 a - 3:30 p $295 $395 111212A The Loyola Graduate Center, Timonium
EMPLOYEE BENEFITS
BUSINESS & INDUSTRY (CONT.)
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
STATEMENT50
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
5/29 5/29Ethics, Critical Thinking and Fraud 4 12:30 p - 4 p $115 $215 171008
Johns Hopkins University - Montgomery County Campus, Rockville
6/2 6/2 College Savings Plans (PFP Study Group) 2 9 a - 11 a $20 $100 182064 MACPA Towson Center, Towson
8/11 8/11 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 111024 TBD, ......
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
4/17 4/172015 GOVERNMENT AND NOT-FOR-PROFIT CONFERENCE 8 8 a - 5 p $255 $355 121000
University of MD University College The Inn & Conference Center, College Park
5/19 5/19 AICPA’s Annual Update: Top 12 Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
8 8 a - 3:30 a $295 $395 111213A Mount Continuing Studies Center, Frederick
6/2 6/2 College Savings Plans (PFP Study Group) 2 9 a - 11 a $20 $100 182064 MACPA Towson Center, Towson
6/5 6/5 Yellow Book: Government Auditing Standards 8 8 a - 3:30 p $345 $395 111215A MACPA Columbia Center, Columbia
6/5 6/5 2015 ACCOUNTING EDUCATORS CONFERENCE 8 8:30 a - 4:30 p $120 $220 121001 Sheraton Columbia Hotel, Columbia
4/16 4/16 WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers
4 1 p - 4 p $149 $199 11W063A Online Webcast, Internet
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
5/7 5/72015 BUSINESS AND INDUSTRY CONFERENCE 8 8 a - 5 p $395 $495 121011
Turf Valley Resort & Conference Center, Ellicott City
5/7 5/7CAC: Vision Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140093
Johns Hopkins University - Montgomery County Campus, Rockville
5/28 5/28 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171006 The Loyola Graduate Center, Timonium
5/29 5/29 Financial Leaders Forum: Lean Management in a Lean Economy
4 8 a - 12 p $200 $250 171007Johns Hopkins University - Montgomery County Campus, Rockville
6/2 6/2 College Savings Plans (PFP Study Group) 2 9 a - 11 a $20 $100 182064 MACPA Towson Center, Towson
6/3 6/3 2015 MACPA Leadership Academy 20 9 a - 7:30 p $1500 $1500 371001 Sheraton Baltimore North - Towson, Towson
6/16 6/16 The Eight Hour MBA: Key Concepts of Adding Value 8 8 a - 3:30 p $295 $395 110100 The Loyola Graduate Center, Timonium
6/17 6/17 Business Development Skills for Accountants 4 8 a - 11:30 a $150 $200 110101 The Loyola Graduate Center, Timonium
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
ETHICS
FINANCIAL PLANNING
FRAUD & FORENSIC
GOVERNMENT & NOT-FOR-PROFIT
MANAGEMENT & LEADERSHIP
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR001Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR002Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR015Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR014Clarion Resort Fontainebleau Hotel, Ocean City
7/30 7/30 Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done
4 8 a - 12 p $200 $250 171010 MACPA Columbia Center, Columbia
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
5/4 5/4 WEBCAST: The Anticipatory CPA - The BLI Thought Leaders Series with Dan Burrus
3 9 a - 12 p $75 $75 17W142 Online Webcast, Internet
5/4 5/4 BLI Thought Leader Series: The Anticipatory CPA” with Dan Burrus”
4 9 a - 12:30 p $125 $225 191014 Hilton Baltimore BWI Airport, Linthicum
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
5/6 5/6Small Businesses Government Contracting (GVC Roundtable) 4 1 p - 5 p $30 $40 182060
Southern Maryland Higher Education Center, California
5/8 5/8 SMC: Vision Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140094 Bowie Comfort Inn Hotel & Conference Center, Bowie
5/11 5/11 MMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140095 Mount Continuing Studies Center, Frederick
5/13 5/13 ESC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140096 Salisbury University Commons Bldg., Salisbury
5/15 5/15 SMC: Southern Maryland Blue Crabs Social 0 6 p - 10 p $20 $30 140703 Southern Maryland Blue Crabs, Waldorf
5/18 5/18 CMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140097 The Loyola Graduate Center, Timonium
5/20 5/20CMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140098
Loyola University Maryland Graduate Ctr Columbia Campus, Columbia
5/20 5/20 Savvy Social Security Planning- For You and Your Clients! (PRC Roundtable)
3 9 a - 12 p $50 $60 184021 MACPA Towson Center, Towson
6/5 6/5 2015 ACCOUNTING EDUCATORS CONFERENCE 8 8:30 a - 4:30 p $120 $220 121001 Sheraton Columbia Hotel, Columbia
6/8 6/8 AACC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140099 Anne Arundel Community College, Arnold
6/10 6/10 WMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140100 Penn Alps Restaurant & Craft Shop, Grantsville
6/12 6/12CAC: A&A Update 4 8 a - 12 p $60 $70 140502
Johns Hopkins University - Montgomery County Campus, Rockville
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/25 6/25 2015 MACPA Student Leadership Academy 0 - $0 $0 371002 Towson University Union, Towson
7/1 7/1 BEACH RETREAT: Innovative Track - Topic on Strategic Pricing - Ed Kles
4 12 p - 3:30 p $170 $220 1BR016Clarion Resort Fontainebleau Hotel, Ocean City
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR001Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR002Clarion Resort Fontainebleau Hotel, Ocean City
7/1 7/1 BEACH RETREAT: Innovation Track - Strategic Planning Facilitation: Develop ing the High Performance Organization - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR015Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA
4 7:30 a - 11 a $170 $220 1BR014Clarion Resort Fontainebleau Hotel, Ocean City
7/30 7/30 Financial Leaders Forum: Make it Happen! The Art of Discipline and Getting Things Done
4 8 a - 12 p $200 $250 171010 MACPA Columbia Center, Columbia
4/24 4/24 2015 FORENSIC VALUATION CONFERENCE 9 8 a - 5 p $295 $395 121013 Hilton Baltimore BWI Airport, Linthicum
5/4 5/4 WEBCAST: The Anticipatory CPA - The BLI Thought Leaders Series with Dan Burrus
3 9 a - 12 p $75 $75 17W142 Online Webcast, Internet
5/4 5/4 BLI Thought Leader Series: The Anticipatory CPA” with Dan Burrus”
4 9 a - 12:30 p $125 $225 191014 Hilton Baltimore BWI Airport, Linthicum
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
5/6 5/6Small Businesses Government Contracting (GVC Roundtable) 4 1 p - 5 p $30 $40 182060
Southern Maryland Higher Education Center, California
5/8 5/8 SMC: Vision Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140094 Bowie Comfort Inn Hotel & Conference Center, Bowie
5/11 5/11 MMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140095 Mount Continuing Studies Center, Frederick
5/13 5/13 ESC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140096 Salisbury University Commons Bldg., Salisbury
5/15 5/15 SMC: Southern Maryland Blue Crabs Social 0 6 p - 10 p $20 $30 140703 Southern Maryland Blue Crabs, Waldorf
5/18 5/18 CMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140097 The Loyola Graduate Center, Timonium
5/20 5/20CMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140098
Loyola University Maryland Graduate Ctr Columbia Campus, Columbia
5/20 5/20 Savvy Social Security Planning- For You and Your Clients! (PRC Roundtable)
3 9 a - 12 p $50 $60 184021 MACPA Towson Center, Towson
6/5 6/5 2015 ACCOUNTING EDUCATORS CONFERENCE 8 8:30 a - 4:30 p $120 $220 121001 Sheraton Columbia Hotel, Columbia
6/8 6/8 AACC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140099 Anne Arundel Community College, Arnold
6/10 6/10 WMC: Vision & Strategy Workshop Spring 2015 4 8:30 a - 12:30 p $0 $250 140100 Penn Alps Restaurant & Craft Shop, Grantsville
6/12 6/12CAC: A&A Update 4 8 a - 12 p $60 $70 140502
Johns Hopkins University - Montgomery County Campus, Rockville
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/25 6/25 2015 MACPA Student Leadership Academy 0 - $0 $0 371002 Towson University Union, Towson
7/1 7/1 BEACH RETREAT: Innovative Track - Topic on Strategic Pricing - Ed Kles
4 12 p - 3:30 p $170 $220 1BR016Clarion Resort Fontainebleau Hotel, Ocean City
MANAGEMENT & LEADERSHIP (CONT.)
SPECIALIZED KNOWLEDGE
51APRIL 2015
7/2 7/2 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR008Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Accounting and Auditng Track - Jennifer Elder, CPA
4 7:30 a - 11 a $170 $220 1BR009Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA
4 12 p - 3:30 p $170 $220 1BR010Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR013Clarion Resort Fontainebleau Hotel, Ocean City
6/3 6/3 WEBCAST: IRS Disputes: Identifying Options for Your Client 4 1 p - 4:30 p $149 $199 11W086A Online Webcast, Internet
6/29 6/29 WEBCAST: Capitalized Costs and Depreciation: Key Issues and Answers
4 10:30 a - 2:30 p $149 $199 11W079A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)
6 7:30 a - 1 p $280 $330 1BR005Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 *BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*
6 7:30 a - 1 p $280 $330 1BR011Clarion Resort Fontainebleau Hotel, Ocean City
7/20 7/20 WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
8 10:30 a - 6:30 p $249 $345 11W078A Online Webcast, Internet
7/28 7/28 WEBCAST: Tax Planning Strategies for Small Businesses: Corporations Partnerships, & LLCs
4 1 p - 4:30 p $149 $199 11W092A Online Webcast, Internet
8/11 8/11 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 111024 TBD, ......
8/21 8/21 WEBCAST: Smart Tax Planning Strategies for Individuals 4 1 p - 4:30 p $149 $199 11W089A Online Webcast, Internet
4/29 4/29 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30 4/30 Word Productivity Features and Time-Saving Tips 4 8 a - 11:30 a $150 $200 130029 MACPA Columbia Center, Columbia
4/30 4/30 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
5/6 5/6 Excel Power User: Macro Programming using Visual Basic for Applications
8 8 a - 3:30 p $330 $480 130037 MACPA Columbia Center, Columbia
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
6/4 6/4 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130038 MACPA Columbia Center, Columbia
6/16 6/16 PowerPoint: Create Dynamic Financial Presentations with Business Graphics
8 8 a - 3:30 p $330 $480 130031 MACPA Columbia Center, Columbia
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
6/25 6/25 Excel Data Analysis Techniques and Business Graphics 8 8 a - 3:30 p $330 $480 130039 MACPA Columbia Center, Columbia
DATE COURSE TITLE CPE TIME MEMBER NON-MEM. EVENT ID LOCATION
TECHNOLOGY
TAX
SPECIALIZED KNOWLEDGE (CONT.)
STATEMENT52
7/2 7/2 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 12 p - 3:30 p $170 $220 1BR008Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Accounting and Auditng Track - Jennifer Elder, CPA
4 7:30 a - 11 a $170 $220 1BR009Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 BEACH RETREAT: Accounting and Auditing Track - Jennifer Elder, CPA
4 12 p - 3:30 p $170 $220 1BR010Clarion Resort Fontainebleau Hotel, Ocean City
7/3 7/3 BEACH RETREAT: Business and Industry Track - Frank Ryan, CPA
4 7:30 a - 11 a $170 $220 1BR013Clarion Resort Fontainebleau Hotel, Ocean City
6/3 6/3 WEBCAST: IRS Disputes: Identifying Options for Your Client 4 1 p - 4:30 p $149 $199 11W086A Online Webcast, Internet
6/29 6/29 WEBCAST: Capitalized Costs and Depreciation: Key Issues and Answers
4 10:30 a - 2:30 p $149 $199 11W079A Online Webcast, Internet
7/1 7/1 BEACH RETREAT: Tax Track - Tax Update: Mid Year Report - Art Werner, J.D., MST - HYBRID SESSION* (7:30AM - 1:00PM)
6 7:30 a - 1 p $280 $330 1BR005Clarion Resort Fontainebleau Hotel, Ocean City
7/2 7/2 *BEACH RETREAT: Tax Track - Art Werner J.D., MST - HYBRID SESSION (7:30AM- 1:00PM)*
6 7:30 a - 1 p $280 $330 1BR011Clarion Resort Fontainebleau Hotel, Ocean City
7/20 7/20 WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities
8 10:30 a - 6:30 p $249 $345 11W078A Online Webcast, Internet
7/28 7/28 WEBCAST: Tax Planning Strategies for Small Businesses: Corporations Partnerships, & LLCs
4 1 p - 4:30 p $149 $199 11W092A Online Webcast, Internet
8/11 8/11 The Complete Guide to Preparing Forms 706 and 709 8 8 a - 3:30 p $295 $395 111024 TBD, ......
8/21 8/21 WEBCAST: Smart Tax Planning Strategies for Individuals 4 1 p - 4:30 p $149 $199 11W089A Online Webcast, Internet
4/29 4/29 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130028 MACPA Columbia Center, Columbia
4/30 4/30 Word Productivity Features and Time-Saving Tips 4 8 a - 11:30 a $150 $200 130029 MACPA Columbia Center, Columbia
4/30 4/30 Outlook Update and Best Practices for CPAs 4 12 p - 3:30 p $150 $200 130030 MACPA Columbia Center, Columbia
5/6 5/6 Excel Power User: Macro Programming using Visual Basic for Applications
8 8 a - 3:30 p $330 $480 130037 MACPA Columbia Center, Columbia
5/6 5/6CMC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140091
Ten Oaks Ballroom & Conference Center, Clarksville
6/4 6/4 Excel Pivot Tables in-depth, Data Analysis Functions and Tips 8 8 a - 3:30 p $330 $480 130038 MACPA Columbia Center, Columbia
6/16 6/16 PowerPoint: Create Dynamic Financial Presentations with Business Graphics
8 8 a - 3:30 p $330 $480 130031 MACPA Columbia Center, Columbia
6/18 6/18CAC: Spring Town Hall 2015 4 8:30 a - 12 p $0 $250 140092
Johns Hopkins University - Montgomery County Campus, Rockville
6/23 6/23 The Business Learning Institute CPA Summit 7 8 a - 4 p $295 $395 191008 Martin’s West, Baltimore
6/25 6/25 Excel Data Analysis Techniques and Business Graphics 8 8 a - 3:30 p $330 $480 130039 MACPA Columbia Center, Columbia
ACCOUNTING & AUDITINGC U R R E N T D E V E L O P M E N T S
M A S T E R N E W D E V E L O P M E N T S I N A & AAccounting and Auditing Current Developments is a fast-paced seminar offering a broad overview of
recent changes based on official pronouncements. With an increasing number of accounting standards bodies and ever-changing legislation, this seminar will keep you ahead of the curve.
6/19/15 – FREDERICK – 111006
10/5/15 – COLUMBIA – 111007
11/2/15 – BOWIE – 111008
12/7/15 – TIMONIUM – 111011
M A C P A . O R G / A A C U R R E N T
MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTSDulaney Center II | 901 Dulaney Valley Road, Suite 800Towson, MD 21204 | www.macpa.org410. 296.6250 | Fax: 410.296.8713
A TOWN HALL WITH TOM HOOD, CEO, MACPAThe insider update on professional trends, regulations, association membership, and learning
REGISTER FOR THE EVENT NEAREST TO YOU BY VISITING MACPA.ORG/PIU.
CPAs in Maryland attend these town hall-style meetings with Tom Hood to gain invaluable insight in to the always-changing CPA profession. As the CEO of the Maryland Association of CPAs, Tom is uniquely qualified to help "navigate the now.“ Now is when CPAs must thrive – not just for the profession, but for the good of the whole economy.
140091 Clarksville 140092 Rockville
Date Event ID Location
05/0606/18
