NewsFlash June 20, 2013

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Gov. Scott Signs FICPA’s BOG-supported Legislation

On June 13, Gov. Rick Scott signed SB 328, an act relating to public accountancy, into law. The new law increases the available funds from $100,000 to $200,000 for the Certified Public Accountant Education Minority Assistance Program for fifth-year accounting students. The scholarship also was renamed the Clay Ford Scholarship Program in honor of the late Rep. Clay Ford, who sponsored the legislation and was a friend of the Institute and profession. The bill also allows for biannual, rather than annual, distribution of grants.

Another section of the new law adds a check and balance for the public by requiring all firms that engage in audits to be enrolled in a peer review program by Jan. 1, 2015. The Florida Board of Accountancy is working on rules to implement this section.

More information about legislative issues: Rivers Buford, FICPA Director of Governmental Affairs | (800) 342-3197, Ext. 203 (in Florida) | (850) 224-2727, Ext. 203 | govaffairs@ficpa.org


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Benefit More from Your FICPA Membership

We invest your membership dues in you, and we strive to further develop your benefits. They already include:

  • Member savings on all of our quality CPE programs, such as the Mega CPE Conference and the Annual Accounting Show.
  • Hundreds in savings through our member insurance programs for life, health, auto, long-term care, long-term disability, professional liability and employment-practices liability.
  • The Preferred Savings Program, which offers big discounts on Becker CPA Review, online CPE from CCH and Gleim, supplies from Office Depot, shipping with UPS, car rental with Hertz, payroll processing from ADP and more.
  • Opportunities to share your expertise and learn through online, industry-specific forums averaging more than 4,000 posts per year.
  • The chance to gain experience as a future CPA or find talent for your office with our Internship Opportunity Engine.
  • Subscriptions to the award-winning Florida CPA Today magazine and NewsFlash for timely industry updates.
  • The opportunity to support your profession through the Florida CPA Political Action Committee and the FICPA Educational Foundation.

Contact the FICPA Member Service Center to learn how you can start using these benefits – it’s easy!

Haven’t renewed? Click the link below to start the simple process. Don’t forget to check our Member Benefit Guide regularly for our latest specials.

Member Benefit Guide | Renew Your FICPA Membership
Ask Us: Member Service Center (800) 342-3197 (in Florida) | (850) 224-2727 | msc@ficpa.org


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Board of Governors, Board of Accountancy Honor Thomas

On June 30, FICPA COO Glenn Thomas will retire after 31 years of service to the Institute. At last week’s Mega Conference in Orlando, the FICPA Board of Governors unanimously approved a motion to officially recognize Thomas as the FICPA’s fourth CEO-Executive Director, and to commend him for his exemplary service to the Institute and its members. In addition, the classification of Honorary Member was bestowed upon Thomas by the Board.

Dave Dennis, a Florida Board of Accountancy (BOA) and FICPA member, honored Thomas with a BOA resolution remembering his lifetime public service and recognizing his promotion of the highest ethical standards in the accountancy profession.

We are proud to honor Thomas for the contributions he has made to the FICPA. He will forever be considered a valuable member of the FICPA family.


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AICPA News Roundup
AICPA

A collection of recent updates from the AICPA, including: Time is Running Out to Verify Clients’ Foreign Accounts; PFP Executive Committee Exposes Proposed Standard for Financial Planners; and Expert Insights and Practical Solutions for Doing Business in Brazil.

Time is Running Out to Verify Clients’ Foreign Accounts
Ensure that your clients are compliant with the requirement to file a Report of Foreign Bank and Financial Accounts (FBAR) by June 30. The civil penalties for failure to file are substantial. In his blog, Howard reviews requirements, tactics for avoiding accidental noncompliance and links to IRS resources.

PFP Executive Committee Exposes Proposed Standard for Financial Planners
Does your firm provide personal financial planning services? The Personal Financial Planning (PFP) Executive Committee has released an exposure draft of the proposed Statement on Standards in Personal Financial Planning Services. In addition to the existing regulatory framework for CPAs, the proposed standard provides guidance to members and a structure for delivering PFP services with the highest levels of integrity, professionalism, objectivity and competence. We encourage AICPA members and other interested parties who provide planning advice to review and comment on the exposure draft by Sept. 9. Learn more in this Tax Adviser article.

2013 AICPA Presents Conference on Doing Business in Brazil
July 18-19, 2013
Orlando

Is your firm or client currently doing business in Brazil? Are you considering expanding your current business operations into this market? Or, do you need more information about the Brazilian business market to properly advise your clients?

To succeed in Brazil, it’s essential to have a keen understanding of the latest legal, regulatory, tax, accounting, economic and cultural issues you or your clients will encounter. Attend the 2013 AICPA Conference on Doing Business in Brazil to get the information you need. Help your firm and your clients understand the unique business operations to stay ahead of the learning curve and your competition. Delve into the key economic developments, business operations and international business rules for doing business in Brazil by attending this dynamic conference!

This conference is co-sponsored by the FICPA.

Why should you attend the AICPA 2103 Conference on Doing Business in Brazil? Click here to listen to Arleen R. Thomas, CPA, CGMA, Senior Vice President, Management Accounting and Global Markets, AICPA, explain: http://bcove.me/d41anc6e.


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Summer Vacation Cluster
Aug. 1-3, 2013
Disney’s Yacht & Beach Club Resorts

Summer Vacation Cluster offers an opportunity to get the sessions you want and the entertainment and leisure of a Walt Disney World® Resort property.

We’re offering nine four-hour sessions at this event for up to 20 CPE credits. Attend the Internal Controls session by Eugene Ristaino, CPA, ABV, MT, to get the latest on U.S. auditing standards and an analysis of fraud-risk issues for specific financial-statement areas and attestations. Learn to optimize your client’s tax situation with an in-depth analysis of health care reform from Sue A. Bunevich, CPA.

Improve your practice and enjoy the relaxing atmosphere – you deserve it!

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


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

This conference is much more than just a Yellow Book update – it’s a must for CPAs working in or with government.

Join us for sessions that include an update from the Office of the Auditor General; an analysis of Comprehensive Annual Financial Report (CAFR) components; a review of changes to employment law; a discussion of current GASB, ASB, GAO and OMB projects; governance and mitigation for organizational use of cloud computing; a Yellow Book update; and a panel discussion between public-practice CPAs, government and Auditor General staff.

Register for the FICPA’s 2013 State and Local Government Accounting Conference to earn 16 hours of CPE with Yellow Book credit. Can’t make it to Orlando? Sign up for this conference in webcast format with the links below.

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


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Image: 28th Annual Accounting Show

28th Annual Accounting Show
Sept. 25-27, 2013
Ft. Lauderdale

Are you ready to Rock the Show?

Earn up to 25 CPE credit hours at the FICPA’s 28th Annual Accounting Show, including Ethics and two bonus, on-demand hours. Customize your credits with flexible tracks that cover A&A; Tax; Industry; Technology; Fraud; Business Tax; Practice Management; Financial Planning; Not for Profit; Elder Planning; Yellow Book; and more.

There will be so many opportunities to network, you’ll flip. Meet vendors and fellow CPAs for tradeshow networking and share casual conversation at Thursday’s cocktail reception. Put yourself or your firm in front with solutions from the show’s peachy-keen vendor showcase!

Firm leaders can save big on CPE at this event – register five to seven people from your firm at the same time and get a 15 percent discount on registration prices. Register eight or more and you’ll save 20 percent!

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


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Tech Tip
Enabling the New Gmail Tabs

groovypost.com

Gmail has a new interface that helps you organize your inbox and keep it that way. Although the new tabs are said to be rolling out to all users now, they might already be in your account. Here’s how to check and enable them if they’re available.

As you may already know, the new inbox groups your email into tabs, to keep email categories organized. You can move messages between tabs, to help it learn what you want.

To enable the new tabs (provided they’re already available for your account), click the gears icon on the top right side of your Gmail inbox, then click Configure Inbox. A window should appear where you select the tabs you want.

Once you’ve done that, click Save. You’ll get an explanation of the new interface. You can categorize your email as Social, Primary, Updates, Forums and more.

Review these instructions with accompanying 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.


Look for the next issue of FICPA NewsFlash July 11, 2013.

Comments or Suggestions?

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

LAST UPDATED 6/19/2013