NewsFlash July 25, 2013

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Guide the Future of the FICPA;
Leaders Needed

The FICPA Committee on Nominations currently is seeking volunteers for nomination to the 2014-15 Executive Committee, Board of Governors, AICPA Council and Standing Committees.
 
This is an extraordinary opportunity to become a leading member of the FICPA and shape our association’s future.

Take advantage of your chance to lead – apply today!

Apply Online | Learn More
Questions: LeAnne Spell (850) 224-2727, Ext. 225 | SpellL@ficpa.org


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FICPA Responds to IRS Decision to Retire E-Services

The FICPA’s Federal Taxation Committee issued a letter to the IRS requesting that it reverse a recent decision to retire the Disclosure Authorization (DA) and Electronic Account Resolution (EAR) options on e-services effective on Aug. 11, 2013. The Committee strongly supports the e-services as a product that not only benefits our current tax system, but is, with improvements, the way of the future.

This decision represents a step backward in a time when every business is using technology to gain efficiency. Maintaining these e-services also better protects taxpayers’ identities and prevents additional financial burdens. The Committee recommends that the IRS invest in education, and improvement of the e-services, to increase usage.

You, too, can get involved. Forward the FICPA letter to the IRS, indicating your support of the FICPA’s position. Email Acting Commissioner Daniel Werfel at Daniel.Werfel@IRS.gov, or mail comments to:

Mr. Daniel Werfel
Acting Commissioner of Internal Revenue
Internal Revenue Service
1111 Constitution Ave. N.W.
Washington, D.C. 20024

Click here to read the letter.


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Get Noticed!

Do you have news worthy of sharing with your peers? Let us help you get the word out. The FICPA uses several avenues to recognize members.

Our bi-monthly magazine, Florida CPA Today, includes a Who’s News column. Email items to communications@ficpa.org and check out the latest news in the July-August issue. Members also may log in to CPAs in the Spotlight, another way we share information and highlight members’ professional and personal accomplishments. We also recognize members with FICPA Awards and through our social media resources (click on the icons in this e-newsletter).

Send us your news...and get noticed!


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AICPA News Roundup

A collection of recent updates from the AICPA, including: What Challenges Keep CPAs Up at Night; and CPAs and Comfort Letters: The New Chocolate.

What Challenges Keep CPAs Up at Night?
What are the biggest concerns affecting firms like your own across the country? Results of the American Institute of CPAs’ 2013 CPA Firm Top Issues Survey, sponsored by the Private Companies Practice Section (PCPS), provide the answers. This year, the survey found that greater economic stability has prompted practitioners to take a longer-term, more strategic view of the most important challenges their firms face. Bringing in new clients was cited as an issue by firms of all sizes, and all but the smallest firms were concentrating on finding qualified talent.

“The 2013 survey results paint a picture of firms that are poised for future growth,” said Mark Koziel, CPA, CGMA, the AICPA’s vice president of Firm Services and Global Alliances. “Practitioners are reassessing where they stand after the recession and preparing for renewed demand.”

Using the survey results as a benchmark, CPAs can test their own experiences against those of others and make strategic planning decisions accordingly.

“The PCPS CPA Firm Top Issues Survey results present a valuable resource for firms. They help FICPA member firms of various sizes, which are focused on growth, track the issues peer and larger firms face and anticipate future challenges,” said FICPA President/CEO Deborah Curry, CPA, CGMA.

Top Challenges by Firm Size
What the Results Mean for CPAs
Action Steps for Success

CPAs and Comfort Letters: The New Chocolate
AICPA – The Tax Adviser

For years, third parties have asked CPAs for verification, confirmation, certification, corroboration, authentication or substantiation of their clients’ financial information. These requests often have been associated with negative connotations – liability concerns; client alienation; confidentiality breaches; ethical issues; possible Gramm-Leach-Bliley Act violations; professional standard prohibitions; and Internal Revenue Code penalties.

But the news isn’t all bad. The AICPA is helping members manage these risks, most recently by developing guidance for providing the U.S. Department of Agriculture’s Farm Service Agency (FSA) with certifications associated with individuals who receive certain farming-program payments.

Read the full article here.


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Summer Vacation Cluster
Aug. 1-3, 2013
Walt Disney World® Resorts Yacht & Beach Club

Time is almost up to get in on a sizzling summer of CPE at Disney’s Yacht & Beach Club Resort. With our convenient nine, four-hour sessions you can earn up to 20 hours of CPE and enjoy some R&R in beautiful Orlando! You know you deserve it!

Join us for a great training like:

  • Forensic Accounting
  • Technology
  • Federal Tax
  • Internal Controls
  • A&A Update
  • Social Security
  • Healthcare Update
  • Compilation & Review
  • Ethics

Don’t wait! Register now before you miss your opportunity.

Register Now | More Information | View Brochure
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 | msc@ficpa.org


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State and Local Government Accounting Conference
Aug. 22-23, 2013
Orlando and Online

Since the 2013 FICPA State and Local Government Accounting Conference offers critical information for all CPAs working in or with government, we wanted to make it easy for you to participate. We’re hosting the full conference by webcast for those who can’t make it to Orlando.

The agenda includes public accounting experts, legal pros, GASB and GAO insiders speaking on these topics:

  • Yellow Book Update (1 AA)
  • Auditor General Update (1 AA)
  • Employment Law: What’s New That You Need to Know (1 TB)
  • Cloud Computing Governance (1 AA)
  • GASB Update (2 AA)
  • And more

Register to save your seat in Orlando or choose the webcast option that works for you!

Register Now | Webcast – Day 1 | Webcast – Day 2 | Webcast – Both Days | More Information | Brochure
Ask Us: Member Service Center (800) 342-3197 | (850) 224-2727 | msc@ficpa.org


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Tech Tip: Subscribe to Podcasts in Microsoft Outlook
groovypost.com

To manage podcasts in Outlook, you’ll first need to add the podcast RSS feed to Outlook. Right-click on RSS Feeds and enter the URL of the podcast feed to which you want to subscribe. To find the RSS feed from your favorite podcast on its site, read the article: Add Podcasts to iTunes not Listed in the Store.

After clicking Add, you’ll need to verify you want to add the podcast RSS feed. If you want to have the podcast audio file automatically downloaded, click Advanced.

Here you can change the feed name and delivery location. To automatically download the MP3 file, under the Downloads section, check the box to automatically download enclosures and click OK. When you get a new podcast feed, the audio file will be included, just like an attachment. If you don’t want to fill your hard drive with podcast files, leave that option unchecked.

When a new podcast arrives, there are a few ways to listen to it. The easiest way is to stream it. Open the new RSS message and click the MP3 link. The link will open your default browser and start playing the show.

If you want to download the file, from the Ribbon, click the Download Content button. Or, just right click the RSS entry in Outlook and download it from the Context Menu.

Read the instructions complete with images here.

This Tech Tip is brought to you by the Business and Technology Section ... IT solutions for today's CPAs. For more information and to view an archive of previous Tech Tips, please visit us here.

Are there specific topics you’d like us to cover in Tech Tips? Email suggestions to communications@ficpa.org.


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In Memoriam:
Regina Poppell “Reg” Brewster - 7/14/2013
John F. McCarthy - 3/16/2013
James L. Kirk, II - 12/17/2012


Look for the next issue of FICPA NewsFlash Aug. 8, 2013.

Comments or Suggestions?

We are interested in your comments or suggestions. Please email communications@ficpa.org.

LAST UPDATED 7/24/2013