KSCPA News http://www.kscpa.org/about/news News from KSCPA en-us Copyright 2016, KSCPA KSCPA in "Founders Club" of Washburn Lincoln Society http://www.kscpa.org/about/news/898-kscpa_in_founders_club_of_washburn_lincoln_society http://www.kscpa.org/about/news/898-kscpa_in_founders_club_of_washburn_lincoln_society <p>The KSCPA received "Founders Club" status in Washburn University's Lincoln Society.</p> <p>The Lincoln Society recognizes lifetime, cumulative contributions and pledges of donors at the $50,000 level and above. The KSCPA was also recognized as a Bell Tower "Leader" for contributing $5,000-$7,499 during the 2014-2015 fiscal year to the Bell Tower Club.</p> <p>The KSCPA awards over $60,000 per year to students and faculty from generous donations of our members. <a href="/about/educational_foundation">Please visit our Educational Foundation's website to contribute</a>.</p> <p> </p> Wed, 03 Feb 2016 12:00:00 EDT Kansas Practitioner Liaison Meeting - January 7, 2016 http://www.kscpa.org/about/news/897-kansas_practitioner_liaison_meeting-january_7_2016 http://www.kscpa.org/about/news/897-kansas_practitioner_liaison_meeting-january_7_2016 <p>January 7, 2016</p> <p>Practitioner Liaison Meeting           <br /><strong>Topeka, Kansas <br /></strong>Time: 9:00 a.m. – 12:00 p.m.</p> <p>Attendees: </p> <p><strong>Organizational Representatives:</strong></p> <ul type="disc"> <li>Barnard, Rita, Kansas Society of CPA</li> <li>Bloyd, Judith, Kansas NATP</li> <li>Clubine, Robert, PAAK</li> <li>Cross, John, PAAK</li> <li>Denning, Douglas, PAAK</li> <li>Graham Jr., Timothy, Kansas NATP</li> <li>Heinen, Paul, PAAK</li> <li>Henderson, Scot, PAAK</li> <li>Honaker, Carlan, PAAK</li> <li>Langley, Jay, Kansas Society of CPA</li> <li>Long Jr., Carroll, PAAK</li> <li>MacBain, Michelle, Kansas Society of CPA</li> <li>McCammon, C. Duane, PAAK</li> <li>Wilson, LeAnna, Taxpayer Advocate Panel Member</li> </ul> <p><strong>IRS Representatives:</strong></p> <ul type="disc"> <li>*Crews, Craig, Internal Revenue Service</li> <li>*Green, Melody, Internal Revenue Service</li> <li>Holsman, Eden, Internal Revenue Service</li> <li>Mazan, Paul, Internal Revenue Service</li> <li>Schmidt, Joe, Internal Revenue Service</li> <li>* Thomas, Shirl, Internal Revenue Service</li> <li>*Wright, David, Internal Revenue Service<br /><strong>* </strong>Attended Via Microsoft LiveMeeting</li> </ul> <p>Meeting Summary:</p> <p><strong>Michelle MacBain, Kansas Society of CPA, </strong>welcomed and thanked everyone for attending the meeting. Michelle explained the purpose of having these meetings. </p> <p><strong>Eden Holsman</strong>, <strong>Stakeholder Liaison Field, </strong>welcomed everyone to the Kansas Practitioner Liaison Meeting.  Eden advised that Meeting Minutes will be provided and stressed how important that the Minutes be shared with their members and network since we are not able to accommodate all of your members at today’s meeting.  Stakeholder Liaison Field relies on our Stakeholder Leaders and Representatives to share our information.  Eden introduced Craig Crews, Central Area Manager for Stakeholder Liaison Field.</p> <p><strong>Craig Crews, Central Area Manager Stakeholder Liaison Field, </strong>thanked the Kansas Society of CPAs for hosting today’s event.  Craig welcomed and thanked everyone for taking time out of their busy schedule to attend the meeting.  He also thanked the attendees for their continued partnership with the IRS.</p> <p><span style="text-decoration: underline;">Craig Crews: <br /></span>Internal Revenue Service<br />801 Broadway, Room 483, MDP2<br />Nashville, TN  37203      <br />Office:  615-250-5791<br />EFAX:  877-477-8116<br /><strong><span style="text-decoration: underline;"><a href="mailto:craig.e.crews@irs.gov">craig.e.crews@irs.gov</a></span></strong></p> <p><strong>Joe Schmidt, Criminal Investigation Special Agent, </strong>presented, “Partnering to Minimize the Impact of Data Compromises.”  Joe began the presentation by briefly explaining the various threats that exist and what motivates the individual or organization to commit the hack. </p> <ul type="disc"> <li>Hacktivism.  A hacktivist uses computer network exploitation to advance their political or social causes.</li> <li>Crime.  Individuals and sophisticated criminal enterprises steal personal information and extort victims for financial gain.</li> <li>Insider.  Trusted insiders steal proprietary information for personal, financial, and ideological reasons.  i.e. employee </li> <li>Espionage.  Nation-state actors conduct computer intrusions to steal sensitive state secrets and propriety information from  private companies.</li> <li>Terrorism.  Terrorist groups sabotage the computer  systems that operate our critical infrastructure, such as the electric grid.</li> <li>Warfare.  Nation-state actors sabotage military and critical infrastructure systems to gain an advantage in the event of conflict.</li> </ul> <p>Joe discussed the Cyber Underground.  In 2002 less than 12 underground cyber forums existed, currently it is estimated that over 800 criminal cyber forums exist.  Cyber criminals have adapted to today’s technology in exploiting the cyber arena.  Cyber criminals attack systems for monetary gain through the use of:  malware, botnets, spam, phishing, extortion, identity theft, online fraud and unauthorized transactions.</p> <p>Joe advised the attendees to report all unsolicited email claiming to be from the IRS or an IRS-related function to <a href="mailto:phishing@irs.gov">phishing@irs.gov</a>.</p> <p>Joe informed the attendees that TIGTA is responsible for investigating impersonations of IRS officials including the large number of scam phone calls that taxpayers have received through the last few years.  He requested that if the attendees or their clients receive a scam phone call to report it to TIGTA at <a href="https://www.treasury.gov/tigta/">https://www.treasury.gov/tigta/</a>. </p> <p>If you've experienced any monetary losses due to an IRS-related incident, please report it to the <a href="https://apps.irs.gov/app/scripts/exit.jsp?dest=http://www.treasury.gov/tigta/contact_report_scam.shtml">Treasury Inspector General Administration (TIGTA)</a> and file a complaint with the Federal Trade Commission (FTC) through their <a href="https://apps.irs.gov/app/scripts/exit.jsp?dest=https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en&OrgCode=IRS">Complaint Assistant</a> to make the information available to investigators.</p> <p>Joe explained that if your client database is compromised take the following steps to report the incident as soon as you discover compromise:</p> <ul> <li>Follow State Reporting Requirements (i.e. State Attorney General, State Consumer Protection Bureaus, State Police)</li> <li>Report Compromise to FBI, US Secret Service, Federal Trade Commission</li> <li>Contact IRS Stakeholder Liaison When Compromise Detected <ul> <li>Stakeholder Liaison will refer Information within IRS (i.e. Criminal Investigations, Return Integrity & Compliance Services)</li> <li><a href="http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Stakeholder-Liaison-Local-Contacts-1">http://www.irs.gov/Businesses/Small-Businesses-&-</a><a href="http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Stakeholder-Liaison-Local-Contacts-1">Self-Employed/Stakeholder-Liaison-Local-Contacts-1</a></li> </ul> </li> </ul> <p>Cyber Security Resources:</p> <ul> <li>United States Computer Emergency Readiness Team (<a href="https://www.us-cert.gov/ncas/tips">https://www.us-cert.gov/ncas/tips</a>)</li> <li>AICPA</li> <li>American Payroll Association</li> <li>National Payroll Reporting Consortium</li> <li>Federal Trade Commission <ul> <li><a href="https://www.ftc.gov/tips-advice/business-center/privacy-and-security/data-security">https://</a><a href="https://www.ftc.gov/tips-advice/business-center/privacy-and-security/data-security">www.ftc.gov/tips-advice/business-center/privacy-and-security/data-security.</a></li> </ul> </li> </ul> <p><strong>Question:</strong>  Can the government shut down the Cyber Underground?</p> <p><strong>Answer:</strong>  It is not illegal to operate the sites.  It is illegal to fraudulently use another individuals identity information/data obtained from the site(s).</p> <p><strong>Question:</strong>  Clients receive calls claiming to be from the Internal Revenue Service?</p> <p><strong>Answer:</strong>  Please report the calls to TIGTA at:  <a href="https://www.treasury.gov/tigta/">https://www.treasury.gov/tigta/</a>. </p> <p><strong>Question:</strong>  Can a taxpayer find out the source of the tax related identity theft? Including who and where.</p> <p><strong>Answer:</strong>  Due to disclosure rules the Internal Revenue Service cannot disclose the information to the victim or their authorized representative. </p> <p><strong>David Wright, Revenue Agent Group Manager, </strong>provided information on the State of Kansas Examination Division.  David stated there are currently three Examination Group Managers for the state of Kansas with 30 Revenue Agents. </p> <p>David provided an overview of Exam’s priorities and areas of emphasis for Fiscal year 2016 which will include:</p> <ul type="disc"> <li>Balanced Exam Plan</li> <li>National Research Program</li> <li>High Income/High Wealth  Strategy</li> <li>Identity Theft</li> <li>Return Preparer Program</li> </ul> <p>In FY 2016 Midwest Exam Plan will review an estimated 22,800 tax returns.  This will include:  individual returns with income over $200,000, corporate returns with income over $10 Million, flow through entities and employment tax returns.</p> <p>The goal of the <a href="http://www.irs.gov/uac/National-Research-Program-(NRP)">National Research Program (NRP)</a> is to design and implement a successful strategy to collect data that will be used to measure payment, filing and reporting compliance and to deliver the data to the Business Operation Divisions to meet a wide range of needs including support for development of strategic plans and improvements in workload identification.  The Examination Branch will use NRP to improve the selection of returns for audit.</p> <p>High Income/High Wealth Strategy study revealed that a greater potential exists for understating income on taxpayers with income greater than $200,000.  This program will have an emphasis on returns where the taxpayer’s income is greater than $1 Million and returns filed with Form 1040 Schedule C. </p> <p>David stated the identification, prevention and investigation of <a href="http://www.irs.gov/Individuals/Identity-Protection">identity theft</a>, is a top priority for the entire IRS organization.  The Examination Division will continue to identify schemes as well as provide assistance to victims of Identity Theft in the Audit Stream. </p> <p>David provided a brief overview on the Return Preparer Program.  He stated they are currently working with the Return Preparer Office and the Office of Professional Responsibility to support national initiatives, which includes; Conducting Return Preparer Visits; Conducting Certified Acceptance Agents Visits as it relates to the ITIN Program; and Conducting Due Diligence Visits on Preparers to discuss the Earned Income Tax Credit during the pre-filing season and making real time visits to Return Preparers.  David also provided information on the Preparer Penalties and the various action cases which include – Fraud Referrals and Injunctions.</p> <p>David discussed the <a href="https://www.irs.gov/uac/Newsroom/Fast-Track-Settlement-Program-Now-Available-Nationwide;-Time-Saving-Option-Helps-Small-Businesses-Under-Audit">Fast Track Settlement Program</a>.  The program was originally launched nationwide on July 1, 2013.  The programs reduces overall case time, interest costs and taxpayer burden.</p> <p>See attached power point.</p> <p><strong>Question:</strong>  How many return preparer visits?</p> <p><strong>Answer:  </strong>Kansas had approximately 6 for the state in FY 2015.</p> <p><strong>Shirl Thomas, Field Collection Revenue Officer Group Manager.  </strong>Shirl stated that due to attrition later this year her Revenue Officer Group will consist of a total 5 Revenue Officers (one in Wichita, three in Topeka and one in Salina).  Shirl advised that a Kansas resident who is assigned to field collection may be contacted by a Revenue Officer located in Missouri or Nebraska due to her staffing decrease.  She has approximately 8,000 cases in her queue needing assignment.    At this time Shirl does not anticipate that additional Revenue Officers will be hired for her group in FY 2016.</p> <p>Shirl discussed the compliance realignment.  Prior to October 2014, post filing compliance functions were under the leadership of four different directors (Wage & Investment, SB/SE Collection, SB/SE Enterprise Collection Strategy and SB/SE Campus Compliance Services).  With the realignment, all post filing Collection and Exam compliance functions fall under Small Business/Self Employed and one director.  The result is more streamlined compliance functions. </p> <p>In line with IRS-wide efforts to provide timely service, IRS Collection launched the <a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/IRS-Collection-Launches-Early-Interaction-Initiative">Federal Tax Deposit Early Interaction Initiative</a>.   The goal of the initiative is to help employers understand and meet their payroll tax responsibilities, prevent missed payments from becoming delinquencies and delinquencies pyramiding out of control.  IRS does not have the resources to visit every employer whose payroll tax deposits decline. So many will receive a letter saying that we have reviewed their federal payroll tax deposit history and their deposits appear to have decreased. The letter will ask the employer to contact us, by letter or phone, and help us understand the reason for the decrease in deposits. In addition, the letter will remind the employer of their payroll tax responsibilities, advise them of the consequences of not complying with those responsibilities and provide assistance to help them comply.</p> <p>Shirl stated that an informed taxpayer is a protected taxpayer.  She explained that taxpayers can find information on their rights, including the rights to quality service and the right to challenge the IRS’s position and be heard can be found at <a href="http://www.irs.gov/Taxpayer-Bill-of-Rights">www.irs.gov/Taxpayer-Bill-of-Rights</a>.</p> <p>Shirl discussed the payroll tax resources available on irs.gov for employers.  She explained that the quickest way to get to the resources is to type “employment taxes” in the search box on irs.gov.</p> <p><span style="text-decoration: underline;">IRS.gov pages:</span></p> <ul type="disc"> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/What-are-FTDs-and-why-are-they-important">What Are FTDs and Why are they Important?</a></li> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employment-Taxes-2">Employment Taxes</a></li> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Understanding-Employment-Taxes">Understanding Employment Taxes</a></li> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Depositing-and-Reporting-Employment-Taxes">Depositing and Reporting Employment Taxes</a></li> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employment-Tax-Publications">Employment Tax Publications</a></li> <li><a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Small-Business-Self-Employed-Virtual-Small-Business-Tax-Workshop">Small Business Taxes – The Virtual Workshop (video)</a></li> </ul> <p>Shirl discussed the <a href="https://www.irs.gov/Individuals/Online-Payment-Agreement-Application">Online Payment Agreement</a> application.  Early in 2015, the online payment agreement application was made easier to use and since then use of the application has been rising.  Over the first eight months of calendar year 2015, 322,000 individual installment agreements were set up on the online system.  In one relatively quick online session the taxpayer inputs their payment plan and if they accept the standard terms and conditions, they get a message saying, “Congratulations.  Your payment plan has been approved.  Please print this page for your records.”</p> <p>Shirl went over who can qualify to use the online agreement application:</p> <ul type="disc"> <li>Individuals who owe $50,000 or less in combined tax, penalties and interest, and filed all required returns.</li> <li>Individuals may also qualify for a short term agreement if their balance is under $100,000.</li> <li>Businesses that owe $25,000 or less in combined tax, penalties and interest for the current year or last year's liabilities, and filed all required returns.</li> </ul> <p>Shirl explained that the online payment agreement application can be used to update an existing paper installment agreement to a direct debit.  It can also be used to request an increase or decrease in a taxpayer’s monthly payment and they can change the due date of the payment.</p> <p>Shirl stated that we encourage taxpayers to use direct debit when making their monthly payments. The application fee for a direct debit payment plan is half that of a manual plan.  A direct debit is more convenient than getting a monthly reminder notice from the IRS and remembering to mail in a check each month.</p> <p>Shirl explained that an offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances:</p> <ul type="disc"> <li>Ability to pay</li> <li>Income</li> <li>Expenses</li> <li>Asset equity</li> </ul> <p>We generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone.  In fiscal year 2015, 44% of offer in compromise applications were accepted by the IRS.</p> <p>Shirl advised that the Offer in Compromise booklet is updated at the beginning of each year.  The annual updates include any change in low income thresholds. </p> <p>Shirl stated that the <a href="http://irs.treasury.gov/oic_pre_qualifier/">offer in compromise pre-qualifier tool</a> is an easy to use online tool for helping taxpayers determine:</p> <ul type="disc"> <li>If they meet the basic eligibility requirements for an offer in compromise</li> <li>If they are a good offer candidate given their financial circumstances</li> <li>A reasonable offer amount might be in their circumstances</li> </ul> <p>Shirl discussed the <a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Understanding-a-Federal-Tax-Lien">Lien Withdrawal</a> options that resulted from the Commissioner’s 2011 Fresh Start initiative.</p> <p>One option may allow withdrawal of your Notice of Federal Tax Lien after the lien’s release. General eligibility includes:  Your tax liability has been satisfied and your lien has been released; and also:</p> <ul type="disc"> <li>You are in compliance for the past three years in filing - all individual returns, business returns, and information returns;</li> <li>You are current on your estimated tax payments and federal tax deposits, as applicable.</li> </ul> <p>The other option may allow withdrawal of your Notice of Federal Tax Lien if you have entered in or converted your regular installment agreement to a Direct Debit installment agreement. General eligibility includes:</p> <ul type="disc"> <li>You are a qualifying taxpayer (i.e. individuals, businesses with income tax liability only, and out of business entities with any type of tax debt)</li> <li>You owe $25,000 or less (If you owe more than $25,000, you may pay down the balance to $25,000 prior to  requesting withdrawal of the Notice of Federal Tax Lien)</li> <li>Your Direct Debit Installment  Agreement must full pay the amount you owe within 60 months or before the Collection Statute expires, whichever is earlier</li> <li>You are in full compliance with other filing and payment requirements</li> <li>You have made three consecutive direct debit payments</li> <li>You can’t have defaulted on your current, or any previous, Direct Debit Installment agreement.</li> </ul> <p>Shirl ended her presentation by covering “Final” Tax Issues.  Recently the IRS has added a great deal of information to our website page titled, “<a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Deceased-Taxpayers-Probate-Filing-Estate-and-Individual-Returns-Paying-Taxes-Due">Deceased Persons – Probate, Filing and Individual Returns, Paying Taxes Due</a>.”  If you have a client who is a surviving spouse or an estate administrator or executor, you can refer them to this page to get an idea of the issues they’ll be dealing with and how to handle them. </p> <p><strong>Question:</strong>  How many taxpayers contact you directly each week requesting to have their account assigned to a Revenue Officer?</p> <p><strong>Answer:  </strong>Approximately 5-6 taxpayers contact her per week requesting to be assigned to a Revenue Officer.  She stated that she tries to accommodate all requests as quickly as possible; however, delays may occur due to the current staffing level.  Shirl stated that if a practitioner has a client located in her jurisdiction that wants to be assigned to a Revenue Officer to contact the IRS toll free line, request the case be transferred to the field and to also contact her directly to let her know that the case is being transferred.  </p> <p><strong>Paul Mazan, Appeals Team Manager, </strong>explained that the Appeals Officer is charged with the responsibility of applying the tax laws reasonable and impartially in an effort to achieve the primary goal of settlement.  He clarified that Appeals’ review of a taxpayer’s case is neither automatic nor required; taxpayer must <a href="https://www.irs.gov/Individuals/Preparing-a-Request-for-Appeals-1https:/www.irs.gov/Individuals/Preparing-a-Request-for-Appeals-1">request Appeals conference</a>. (Treas. Reg. 601.106(a)(1)(iii)).</p> <p>The Kansas City, MO, Appeals office works both examination and collection appeal cases.  Paul clarified that an Appeals Officer handles the examination side while a Settlement Officer handles the collection side of Appeals.</p> <p>Paul went over Policy Statement 8-47, Consideration to be given to offers of settlement.  If a taxpayer makes an acceptable proposal of settlement under circumstances indicating a good-faith attempt to reach an agreed disposition of the case on a basis both to the government and the taxpayer, the Appeals official generally should give an evaluation of the case in such a manner as to enable the taxpayer to ascertain the kind of settlement that would be recommended for acceptance.</p> <p>Paul discussed the typical inventory of an Appeals Officer:</p> <ul type="disc"> <li>Docketed cases</li> <li>Non-docketed cases</li> <li>Claims</li> <li>Penalty Appeals</li> <li>Innocent Spouse</li> <li>Audit reconsiderations</li> </ul> <p>Appeals cannot consider the following:</p> <ul type="disc"> <li>Statutory notices of deficiency issued by Appeals</li> <li>Fraud cases</li> <li>Cases involving the failure or refusal to comply with the tax laws solely because of moral, religious, political, constitutional, conscientious, or similar grounds.</li> </ul> <p>Paul discussed the typical inventory of a Settlement Officer:</p> <ul type="disc"> <li>Collection Due Process Lien/Levy</li> <li>Offer in Compromise</li> <li>Collection Appeal (CAP)</li> <li>Trust Fund Recovery Penalty</li> </ul> <p>An Appeals conference may be conducted:  face-to-face, over the telephone or through correspondence.  Paul stated that Appeals will be piloting a program in which taxpayers will be able to have a computer conference with an Appeals or Settlement Officer.  He expressed that this will be a great alternative for taxpayers to meet with the Appeals Officer since not all states have Appeals offices.  He explained that a taxpayer would have the option of going to their local IRS Office or a nearer IRS office and conduct the Appeals conference over the computer.</p> <p>The IRS Restructuring and Reform Act of 1998 directed the IRS Commissioner to develop and implement a plan to reorganize the IRS by establishing organizational units serving particular groups of taxpayers with similar needs. It also specified that the reorganization plan should ensure an independent Appeals function within the IRS, including a prohibition of “<a href="https://www.irs.gov/Individuals/Ex-Parte-Communications">ex parte</a>” communications between Appeals officers and other IRS employees to the extent that such communications appear to compromise the independence of Appeals officers.</p> <p>It is, however, important to note that not all ex parte communications are prohibited. Congress recognized that Appeals must have some communication (such as communication needed to determine workload demands and obtain workpapers, summaries, and reports for IRS decisions) with other IRS divisions to operate and to minimize additional requests to taxpayers for information already provided.  For additional guidance related to the prohibition on ex parte communications, see <a href="https://www.irs.gov/irb/2012-10_IRB/ar11.html">Revenue Procedure 2012-18</a>.</p> <p>Taxpayers may take advantage of the <a href="http://www.irs.gov/Individuals/Fast-Track-Settlement-Small-Business-Self-Employed">SBSE Fast Track Settlement Program</a> available to resolve examination issues while the case is assigned to Exam. </p> <p>Paul provided information on the <strong><a href="http://www.irs.gov/uac/Newsroom/Post-Appeals-Mediation-For-Offers-in-Compromise-Available-Nationwide">Post-Appeals Mediation for Offers in Compromise and Trust Fund Recovery Penalty cases.</a></strong>  The Post Appeals Mediation for Offers in Compromise and Trust Fund Recovery Penalty cases started as a pilot program in certain cities in December 2008 and became available nationwide with the release of <strong><a href="http://www.irs.gov/pub/irs-drop/rp-14-63.pdf">Revenue Procedures 2014-63</a>.</strong></p> <p><strong>Eden Holsman, Stakeholder Liaison. </strong>The IRS will begin accepting all business tax returns on Jan. 9<sup>th</sup>, except for the Form 94x series which will begin on Jan. 11. <a href="https://www.irs.gov/uac/Newsroom/2016-Tax-Season-Opens-Jan-19-for-Nations-Taxpayers">The 2016 individual income tax filing season opens January 19, 2016</a>, with more than 150 million tax returns expected to be filed this year.  People will have several extra days to file their tax returns this year. Taxpayers have until Monday, April 18 to file their 2015 tax returns and pay any tax due because of the Emancipation Day holiday in Washington, D.C., falling on Friday, April 15. Taxpayers in Maine and Massachusetts will have until Tuesday, April 19 because of Patriot’s Day observances on April 18.</p> <p><a href="https://apps.irs.gov/app/scripts/exit.jsp?dest=https://www.congress.gov/bill/114th-congress/house-bill/2029/text">The Consolidated Appropriations Act of 2016</a> (P.L. 114-113, H.R.2029, Dec. 18, 2015).  The passing of the Consolidated Appropriations Act of 2016 has extended and in many cases modified several of the expired individual and business provisions.  Please monitor <a href="http://www.irs.gov">www.irs.gov</a> for updates. </p> <p>Most taxpayers already have qualifying health care coverage, and will simply check a box on their tax return to report their ACA coverage.  The Affordable Care Act includes the <a href="https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Individual-Shared-Responsibility-Provision">individual shared responsibility provision</a> and the<a href="https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/The-Premium-Tax-Credit">premium tax credit</a> that may affect a tax return. </p> <p>On Dec. 28, the <a href="https://www.irs.gov/pub/irs-drop/n-16-04.pdf">IRS extended the due dates</a> for new health care information reporting forms in 2016.   Insurers, self-insuring employers, other coverage providers, and applicable large employers now have additional time to provide health coverage information for 2015 to individual taxpayers and the IRS.  Providers and certain employers must now furnish individuals with either Form 1095-B or 1095-C by March 31, 2016.  The due dates for issuers filing these forms and the associated Form 1094 with the IRS are May 31, 2016 for paper filers and June 30, 2016 for electronic filers.</p> <p>Individual taxpayers will generally not be affected by this extension and should file their tax returns as they normally would.  Ask your clients for Forms 1095 for everyone on the return to verify coverage.  If Form 1095 has not been received other documentation may be used to substantiate that they had qualifying health care coverage for all members on their tax household.</p> <p>Affordable Care Act Return Preparer Best Practices</p> <ul type="disc"> <li><a href="https://www.irs.gov/pub/irs-utl/Best%20Practices%205000A.pdf">Individual      Shared Responsibility Provision – § 5000A</a></li> <li><a href="https://www.irs.gov/pub/irs-utl/Best%20Practices%2036B.pdf">Premium      Tax Credit (PTC) – § 36B</a></li> <li><a href="https://www.irs.gov/pub/irs-utl/aca_small_business_health_care_tax_credit_45R.pdf">Small      Business Health Care Tax Credit – §45R</a></li> <li><a href="https://www.irs.gov/pub/irs-utl/Notificationofnonenrollmentfor%20ACA.pdf">Notification      of nonenrollment - §1502(c)</a>     </li> </ul> <h1><a href="https://www.irs.gov/Tax-Professionals/ACA-Information-Center-for-Tax-Professionals">ACA Information Center for Tax Professionals</a> contains information to assist you with your:  individual client, business client and payroll client.</h1> <p><a href="https://www.irs.gov/Government-Entities/Federal,-State-&-Local-Governments/Increase-in-Information-Return-Penalties-2">Penalties for failure to file correct information returns and/or to furnish correct payee statements have increased and are now subject to inflationary adjustments.</a> Information returns and payee statements include, for example, Forms 1098, 1099, W-2G and W-2.</p> <p>Per Section 208 of Public Law (P.L.) 113-295, effective for information returns required to be filed in a calendar year beginning after 2014, the base penalty rates and maximum penalties are subject to annual inflationary increases. Section 806 of P.L. 114-27 increased the base penalties for failure to file correct information returns and provide correct payee statements for returns required to be filed after December 31, 2015.</p> <p>Effective for tax returns and claims for refunds prepared and signed after Dec. 31, 2015, the limited right to represent clients before the IRS held by non-credentialed preparers will be accorded to only those preparers participating in the <a href="https://www.irs.gov/Tax-Professionals/Annual-Filing-Season-Program">IRS Annual Filing Season Program</a>, a voluntary continuing education (CE) program. The changes in the limited representation rules have no impact on returns prepared and signed by non-credentialed preparers on or before Dec. 31, 2015. </p> <p>Non-credentialed tax return preparers who participate in the Annual Filing Season Program will continue to have limited rights to represent clients. This enables them to represent taxpayers whose returns they prepared and signed, but only before revenue agents, customer service representatives and similar IRS employees, including the Taxpayer Advocate Service. The tax return preparer must participate in the Annual Filing Season Program for both the year of return preparation and the year of representation to represent their client.</p> <p>There are no changes to representation rules for enrolled agents, certified public accountants and attorneys. These tax professionals continue to have unlimited practice rights and can represent any taxpayer before any IRS office, including collection and appeals, regardless of whether they prepared the tax return in question.   </p> <p>The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law July 31, 2015.  Beginning for tax years after December 31, 2015:</p> <ul type="disc"> <li>Form 1065 and Form 1120-S due date will be the fifteenth day of the third month      following close of the tax year (March 15<sup>th</sup> for calendar year filers). </li> <li>Form 1120 due date  will be the fifteenth day of the fourth month following close of tax year (April 15<sup>th</sup> for calendar year filers)</li> </ul> <p>Six Year Statute of Limitations for 25 percent omissions of income on tax assessments expanded to include (effective for returns filed after 7/31/2015):  Understatement of gross income by reason of an overstatement of unrecovered cost or other basis is an omission from gross income.  (IRC 6501(e)(1))</p> <p>As part of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015; the following additional information will be required to be reported on Form 1098 Mortgage Interest Statement furnished after 12/31/2016:</p> <ul type="disc"> <li>The  amount of outstanding principle on the mortgage as the beginning of such      calendar year</li> <li>The date of the origination of the mortgage</li> <li>The address (or other description in the case of property without an address)      of the property that secures the mortgage</li> </ul> <p><strong>Melody Green, Stakeholder Liaison.  </strong>Melody discussed the “<a href="https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Trucking-Tax-Center">Trucking Tax Center</a>” on irs.gov. </p> <p>Melody advised that if you or a client is reporting 25 or more vehicles on Form 2290, the Form 2290 must be e-filed.</p> <p>Final Regulations became effective July 1, 2015, to provide guidance to buying and selling a used heavy use vehicle.  The Final Regulations are available at <a href="https://www.irs.gov/irb/2014-47_IRB/ar09.html">https://www.irs.gov/irb/2014-47_IRB/ar09.html</a>, or, type “TD 9698” into the IRS.gov search box. </p> <p><a href="https://www.irs.gov/Individuals/IRS-Tests-W-2-Verification-Code">For filing season 2016, the Internal Revenue Service will test a capability to verify the authenticity of Form W-2 data</a>. This test is one in a series of steps to combat tax-related identity theft and refund fraud.</p> <p>The objective is to verify Form W-2 data submitted by taxpayers on e-filed individual tax returns. The IRS has partnered with certain Payroll Service Providers (PSPs) to include a 16-digit code and a new Verification Code field on a limited number of Form W-2 copies provided to employees.</p> <p>The code will be displayed in four groups of four alphanumeric characters, separated by hyphens. Example: XXXX-XXXX-XXXX-XXXX.</p> <p>The Verification Code will appear on some versions of payroll firms’ Form W-2 copies B and C, in a separate, labeled box (Copy B is "To be filed with employee's federal tax return" and Copy C is "For employee's records.")</p> <p>Melody discussed data theft and securing client tax information.  To better protect yourself, your employees and your clients consider taking these additional steps:</p> <ul type="disc"> <li>Review <a href="https://www.irs.gov/pub/irs-pdf/p4557.pdf">Publication 4557</a>, Safeguarding Taxpayer Data.</li> <li>Review <a href="https://www.irs.gov/uac/Newsroom/Tax-Return-Preparers:-Data-Thefts-and-Protecting-Client-Tax-Information">Fact Sheet 2015-24</a>, Tax Return Preparers: Data Thefts and  Protecting Client Tax Information, for suggestions about security plan, data theft plans and Federal Trade recommendations.</li> <li>Educate your employees about phishing/malware dangers and increase security awareness among your clients by sharing <a href="https://www.irs.gov/pub/irs-pdf/p4524.pdf">Publication 4524</a>, Security Awareness for Taxpayers.</li> </ul> <p>Help safeguard your EFIN. During the filing season, check on your EFIN status to ensure that your EFIN is not being used by others improperly. Your e-file application will help verify the volume received by the IRS which you can match to your records. The statistics are updated weekly. Should you see a higher volume than you transmitted, please contact the e-help Desk at 866-255-0654.</p> <p><a href="https://www.irs.gov/irb/2015-35_IRB/ar12.html">IRS Announcement 2015-22</a>:  “The IRS will not assert that an individual whose personal information may have been compromised in a data breach must include in gross income the value of the identity protection services provided by the organization that experienced the data breach. Additionally, the IRS will not assert that an employer providing identity protection services to employees whose personal information may have been compromised in a data breach of the employer’s (or employer’s agent or service provider’s) recordkeeping system must include the value of the identity protection services in the employees’ gross income and wages. The IRS will also not assert that these amounts must be reported on an information return (such as Form W–2 or Form 1099–MISC) filed with respect to such individuals.”</p> <p>e-Services - Online Tools for Tax Professionals link:  <a href="http://www.irs.gov/Tax-Professionals/e-services---Online-Tools-for-Tax-Professionals">www.irs.gov/Tax-Professionals/e-services---Online-Tools-for-Tax-Professionals</a>.  E-services is a suite of web-based products that will allow tax professionals and payers to conduct business with the IRS electronically. These services are only available to approved IRS business partners and not available to the general public. E-services are available via the Internet 24 hours a day, 7 days a week. Authorized Business partners needing assistance after using the on-line resources, can contact the e-help Desk at 1-866-255-0654 (512-416-7750 for international calls).  All tax professionals who wish to use e-services products must register online to create an individual electronic account. The registration process is a one-time automated process where the user selects a username, password and PIN.  When the registration information has been validated, the registrant will receive an on-screen acknowledgement.  For security purposes, a confirmation code is sent via postal mail to the tax professional to complete the registration process.</p> <p>IRS Live is for the tax pro in the know. A live webinar, IRS Live is a panel discussion among IRS experts and industry professionals aimed at educating tax professionals on the most current and complex tax issues affecting them and their clients.</p> <p>The <strong><a href="http://www.irsvideos.gov/Professional">IRS Video Portal</a></strong> contains video and audio presentations on topics of interest to small businesses, individuals and tax professionals. You will find video clips of tax topics, archived versions of live panel discussions and webinars. CE credit is not offered for viewing presentations on the IRS Video portal.</p> <p>The IRS offers numerous free electronic publications for tax professionals to stay up-to-date on federal tax law changes. The list of available publications, subscription and content information can be found at: <a href="http://www.irs.gov/uac/e-News-Subscriptions-2">http://www.irs.gov/uac/e-News-Subscriptions-2</a>.    </p> <p>IRS information is available through social media sources including Twitter - @IRSnews, @IRStaxpros, @IRSenEspanol, YouTube and Facebook.  The complete list of IRS social media resources can be found at: <a href="http://www.irs.gov/uac/IRS-New-Media-1">www.irs.gov/uac/IRS-New-Media-1</a>. </p> <p>The Issue Management Resolution System (IMRS) is a system that tax professionals and taxpayers can use to address and obtain a resolution to systemic IRS issues involving internal practices, policies and procedures.  MRS information can be found on the IRS web site at:</p> <p><a href="http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Issue-Management-Resolution-System-IMRS">www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Issue-Management-Resolution-System-IMRS</a> . </p> <p>Melody thanked everyone for their participation.</p> <p><strong>Round Table Discussion:</strong></p> <p>Two issues were raised during the Practitioner Liaison Meeting. </p> <p>Several of the attending practitioners have been receiving Notice CP 276B, though we usually charge a failure-to-deposit penalty for incorrect deposits, we decided to waive the penalty for this period.  We encourage you to review the Federal Tax Deposit requirements so you can submit correct deposits and avoid penalties in the future.  The attendees claim that when they compare the Form 941 Schedule B with the federal tax deposits, the deposits have been made timely and in the proper amount.  </p> <ul type="disc"> <li>Research  has indicated CP276B Notice was updated January 25, 2016, and the updated notice will include information about the deposits that were made late,      not paid at all, or not paid electronically.  At this time   irs.gov has not been updated to reflect the change. </li> <li>Understanding your CP276B Notice can be found at:       <a href="https://www.irs.gov/Individuals/Understanding-your-CP276B-Notice">https://www.irs.gov/Individuals/Understanding-your-CP276B-Notice</a></li> </ul> <p>Several of the attendees voiced a concern in regards to having a client who has been the victim of tax related identity theft and how to properly file a Form 2848 with the service that will allow them to speak directly with the IRS without having to have their client present. </p> <ul type="disc"> <li>For additional details about the authentication process, refer to IRM (16) located at: <a href="https://www.irs.gov/irm/part25/irm_25-025-006r.html#d0e1132">https://www.irs.gov/irm/part25/irm_25-025-006r.html#d0e1132</a></li> </ul> <p>Melody stated the Minutes will be distributed and asked all organizations to please continue sharing with their members and network by email, electronic newsletter, posting on their website and using their social media tools. </p> <p>Eden thanked all attendees and presenters for making the meeting a success.</p> <p><strong>Attendees were provided resource packets that contained the following items:</strong></p> <ul type="disc"> <li>Meeting Agenda</li> <li>IRS Presenters’ power points and handouts</li> <li><a href="https://www.irs.gov/pub/irs-pdf/p1769esp.pdf">IRS Bookmark, P1769</a>     </li> <li><a href="https://www.irs.gov/pub/irs-pdf/p4604ens.pdf">Use the Web for IRS Tax Products & information, P4604</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p1546ez.pdf">Taxpayer Advocate Service is Here to Help, P1546EZ</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p4535.pdf">Identity Theft Prevention  and Victim Assistance, P4535</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p5022.pdf">Fast Track Settlement, P5022</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p5034esp.pdf">Need to Make a Payment?, P5034</a></li> <li><a href="https://www.irs.gov/uac/Newsroom/New-Early-Interaction-Initiative-Will-Help-Employers-Stay-Current-with-Their-Payroll-Taxes">IRS  News Release 2015-136 New Early Interaction Will Help Employers Stay      Current with Their Payroll Taxes</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p2043en.pdf">IRS Refund Information Guidelines for the Tax Preparation Community, P2043 IRS</a></li> <li><a href="https://www.irs.gov/uac/Newsroom/2016-Standard-Mileage-Rates-for-Business-Medical-and-Moving-Announced">IRS News Release 2015-137 2016 Mileage Rates for Business, Medical and Moving  Announced</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/p2194.pdf">Disaster Resource Guide</a></li> <li>Top Five Reasons to Volunteer        </li> <li>Wage & Investment, The Stakeholder Partnership, Education and Communication (SPEC) Office –  Kansas City Territory</li> <li>Current Kansas Directory for  Practitioners</li> </ul> <p> <strong><a class="file pdf" href="/writable/files/MemberResources/kansas_practioner_liaison_meeting_january_2016.pdf">Click here to view the PowerPoint from the meeting</a></strong></p> <p> </p> <p><strong> </strong></p> <p><strong> </strong></p> Fri, 29 Jan 2016 12:00:00 EDT Kansas Releases Efficiency Study Results January 12, 2016 http://www.kscpa.org/about/news/896-kansas_releases_efficiency_study_results_january_12 http://www.kscpa.org/about/news/896-kansas_releases_efficiency_study_results_january_12 <p>An efficiency study was released by the State that found 105 ways to save $2 billion within the state dgovernment. Lawmakers now have a long list of options to examine as they work to balance the budget.</p> <p><a href="http://www.kslegresearch.org/KLRD-web/Publications/AppropriationsRevenue/KsEfficiencyReviewSummaryRecommendations-2016.pdf" target="_blank">Click here for a summary of the recommendations.</a></p> <p> </p> Sun, 17 Jan 2016 12:00:00 EDT KSCPA Supports AICPA Joint Venture with CIMA http://www.kscpa.org/about/news/895-kscpa_supports_aicpa_joint_venture_with_cima http://www.kscpa.org/about/news/895-kscpa_supports_aicpa_joint_venture_with_cima <p>The KSCPA Board of Directors met on January 14, 2016 to discuss the AICPA Joint Venture with CIMA. DeAnn Hill, CPA, CGMA, PFS, AICPA Board of Directors presented information on the proposed joint venture and answered questions from the KSCPA board.</p> <p>The KSCPA board voted unanimously to support the AICPA Joint Venture with CIMA.</p> <p><a class="file pdf" href="/writable/files/2016/jv_evolution_article.pdf">AICPA Joint Venture Evolution</a></p> <p><a class="file pdf" href="/writable/files/2016/jv_evolution_aicpa_fact_sheet.pdf">Joint Venture Evolution Fact Sheet</a></p> Fri, 15 Jan 2016 12:00:00 EDT Kansas Board of Accountancy Passes Proposed Regulation Amendments http://www.kscpa.org/about/news/894-kansas_board_of_accountancy_passes_proposed http://www.kscpa.org/about/news/894-kansas_board_of_accountancy_passes_proposed <p><span style="font-size: 12px;"><span style="font-family: Lucida Sans Unicode,Lucida Grande,sans-serif;"><span><span><span>On January 15th, the Kansas Board of Accountancy passed proposed regulation amendments regarding examinations, applications, permits to practice, code of professional conduct, peer review, and UAA. These amendments go into effect 15 days after publication in Kansas regulations.</span></span></span></span></span></p> <p><a class="file pdf" href="/writable/files/2015/kar_complete_with_proposed_2016_amendments_copy1.pdf">KAR Complete with 2016 Amendments</a></p> Fri, 15 Jan 2016 12:00:00 EDT Christine Johnston, CPA to Serve on the 2016 Audit Committee for the Commercial Real Estate Women Network http://www.kscpa.org/about/news/893-christine_johnston_cpa_to_serve_on_the_2016_audit http://www.kscpa.org/about/news/893-christine_johnston_cpa_to_serve_on_the_2016_audit <p align="LEFT"><span style="font-size: medium;">KANSAS CITY, Mo. (January 11, 2016) – Kansas City accounting firm </span><span style="color: #0000ff; font-size: medium;"><span style="color: #0000ff; font-size: medium;">MarksNelson LLC </span></span><span style="font-size: medium;">is pleased to announce that Member Christine Johnston, CPA, CMA, CGMA, will serve a one-year term on the </span><span style="color: #0000ff; font-size: medium;"><span style="color: #0000ff; font-size: medium;">2016 Audit Committee </span></span><span style="font-size: medium;">for the </span><span style="color: #0000ff; font-size: medium;"><span style="color: #0000ff; font-size: medium;">Commercial Real Estate Women (CREW) Network</span></span><span style="font-size: medium;">. CREW Network is an industry-leading business networking organization dedicated to advancing achievements of women in commercial real estate. </span></p> <p>Johnston will bring a variety of experience to the committee. At MarksNelson, she focuses her expertise in the real estate industry, specializing in historic rehabilitation projects, affordable housing, cost certifications and audit services and consulting. As an Audit Committee Member, Johnston will work with the board to serve CREW Network’s 9,000-plus members across more than 70 major markets in North America.</p> <p>"We are proud of Christine’s efforts to secure the position on CREW Network’s audit committee," said Managing Member</p> <p><span style="color: #0000ff; font-size: medium;"><span style="color: #0000ff; font-size: medium;">Mark Radetic</span></span><span style="font-size: medium;">, CPA, CGMA. "She will be an excellent addition to the committee showcasing her audit skills for the benefit of the commercial real estate industry, and I believe she will bring much value to the entire network." </span></p> <p>Johnston became a Member at MarksNelson when the firm merged with Marsh & Company accounting firm. She has more than 25 years of experience in the public accounting industry, and formerly led Marsh & Company’s audit practice.</p> <p>"I am truly honored to accept a position on the CREW Network Audit Committee," Johnston said. "I look forward to working with the CREW Network to advance the success of women in commercial real estate not only at MarksNelson, but with our clients, partners, greater Kansas City community and beyond."</p> <p>Johnston received a Bachelor’s of Science degree in Business and Accounting before earning her Master’s of Accountancy from Kansas State University. She is active in the Kansas City community, serving on the Board of Directors for the Kansas Society of Certified Public Accountants, CREW KC Board and as Board President for the Kansas Preservation Alliance. Johnston is involved the Kansas Housing Association as Committee Chair, the CREW Network’s Audit Committee and Grace United Ministries Restoration Crew. She is a member of the Missouri Workforce Housing Association, American Institute of Certified Public Accountants (AICPA), Kansas Society of Public Accountants (KSCPA) and Institute of Management Accountants, to name a few.</p> Thu, 14 Jan 2016 12:00:00 EDT Survey Results - KS BOA Proposed Regulations Amendments http://www.kscpa.org/about/news/892-survey_results-ks_boa_proposed_regulations http://www.kscpa.org/about/news/892-survey_results-ks_boa_proposed_regulations <p>A survey of the membership was generated at the end of 2015 until January 5, 2016. The membership was provided a copy of the full Kansas Administrative Regulations pertaining to CPAs with the proposed regulations and a summary of the proposed changes with the recommendations of the KSCPA leadership.</p> <p><a class="file pdf" href="/writable/files/2015/2016_proposed_regulations_summary_for_skyscapes.pdf"><span style="text-decoration: underline;"><span style="color: #0066cc;">Click here for a summary of results of the 2016 proposed regulations survey.</span></span></a></p> Fri, 08 Jan 2016 12:00:00 EDT SCAM ALERT: AICPA Member Alert http://www.kscpa.org/about/news/891-scam_alert_aicpa_member_alert http://www.kscpa.org/about/news/891-scam_alert_aicpa_member_alert <p>You might receive an email with the subject: AICPA Member Alert. The address states: American Institute of CPAs. The body of the email reads:</p> <p>"Dear member,</p> <p>We noticed an attempt to sign in to your account so we block it.</p> <p>We hereby advise you, please sign in now to confirm your login information.</p> <p>Please visit this link to update your account.</p> <p>Thanks for taking these additional steps to keep your account safe."</p> <h2><strong>DO NOT CLICK ON THIS LINK.</strong></h2> <p>Immediately alert any other staff member of this scam, and mark the email as spam.</p> <p> </p> Fri, 08 Jan 2016 12:00:00 EDT ALERT: IRS extends employers' ACA reporting deadlines to individuals and to the IRS http://www.kscpa.org/about/news/890-alert_irs_extends_employers_aca_reporting_deadlines http://www.kscpa.org/about/news/890-alert_irs_extends_employers_aca_reporting_deadlines <p>On Dec. 28, employers received a bit of year-end relief from reporting deadlines related to the Affordable Care Act. This applies to the employers' deadlines to provide informational notifications to employees and to file reports with the IRS. The extension applies to Applicable Large Employers (ALEs) and to non-ALEs with self-funded health insurance plans.</p> <p>• Deadline to provide 2015 Form 1095-B or 2015 Form 1095-C to employees extended to March 31 - pushed back from Feb. 1</p> <p><br />• Deadline to file 2015 Form 1095-B or 2015 Form 1095-C to the IRS extended based on whether you're filing paper or electronically<br />o Paper filing: extended to May 31, 2016 from Feb. 29, 2016<br />o Electronic filing: extended to June 30, 2016 from March 31, 2016</p> <p>The IRS encourages employers to provide information statements and file the reports as soon as they are ready; the deadline extension simply provides assistance to a number of employers, insurers and others who may need additional time to meet the reporting requirements. <br />For more information or questions about this or other ACA matters, please contact AGH outsourcing payroll manager Sonia Phillips at 316.291.4137 or email <a href="mailto:Sonia.Phillips@aghlc.com">Sonia.Phillips@aghlc.com</a>.</p> <p><br />NOTE: Any advice contained in this material is not intended or written to be tax advice, and cannot be relied upon as such, nor can it be used for the purpose of avoiding tax penalties that may be imposed by the IRS or states, or promoting, marketing or recommending to another party any transaction or matter addressed herein.</p> Fri, 08 Jan 2016 12:00:00 EDT Reminder: Retired/Inactive Exposure Draft Comments Requested by Feb. 2 http://www.kscpa.org/about/news/889-reminder_retired_inactive_exposure_draft_comments http://www.kscpa.org/about/news/889-reminder_retired_inactive_exposure_draft_comments <div><span style="font-size: 12px;"><span style="font-family: Lucida Sans Unicode,Lucida Grande,sans-serif;"><span><span><span>The comment period for the AICPA and NASBA Exposure Draft concerning the proposed “CPA-Retired” status will be ending on Feb. 2, 2016. As a reminder, the Exposure Draft follows up on the Uniform Accountancy Act Committee’s recommendation to amend the UAA and Model Rules to allow CPAs who are at least 55 years of age to refer to themselves as “CPA-Retired,” offer volunteer tax preparation services, participate in government-sponsored business mentoring programs, and serve on the board of a non-profit organization. The recommended amendment would not allow a Retired-CPA to provide services that require a signature and use of the CPA title. </span></span></span></span></span></div> <div> </div> <div><span style="font-size: 12px;"><span style="font-family: Lucida Sans Unicode,Lucida Grande,sans-serif;"><span><span><span> The full Exposure Draft is available for review <a href="http://www.aicpa.org/Advocacy/State/DownloadableDocuments/Inactive-Retired-Exposure-Draft-Nov-2015.pdf">HERE</a>, </span></span></span></span></span><span style="font-size: 12px;"><span style="font-family: Lucida Sans Unicode,Lucida Grande,sans-serif;"><span><span><span>while an overview of the draft is available <a href="http://www.aicpa.org/Advocacy/State/Pages/RetiredCPAStatusExposureDraft.aspx">HERE</a>. </span></span></span></span></span></div> <div> </div> <div><span style="font-size: 12px;"><span style="font-family: Lucida Sans Unicode,Lucida Grande,sans-serif;"><span><span><span> Please send any comments by Feb. 2 to <a href="mailto:RetiredExposureDraft@aicpa.org">RetiredExposureDraft@aicpa.org</a>.</span></span></span></span></span></div> Fri, 08 Jan 2016 12:00:00 EDT A Message from the Chief Accountant, U.S. Department of Labor http://www.kscpa.org/about/news/888-a_message_from_the_chief_accountant_u_s_department http://www.kscpa.org/about/news/888-a_message_from_the_chief_accountant_u_s_department <p>November 16, 2015</p> <p>Re: Tips for Selecting and Monitoring a Plan Auditor</p> <p>Dear Plan Administrator:</p> <p>I am sending you this email because you may be in the process of selecting or working with a CPA firm to audit the Blue Ridge Bank & Trust Co. Profit Sharing Plan’s 2015 financial statements that will be submitted to the Department of Labor (DOL) as part of the Plan’s Form 5500 filing.  Selecting a qualified CPA who has the expertise to perform an audit in accordance with professional auditing standards is a critical responsibility in safeguarding your plan’s assets and ensuring your compliance with ERISA’s reporting and fiduciary requirements.</p> <p>Substandard audit work can be costly to plan administrators and sponsors. It both jeopardizes plan assets and can result in significant civil penalties being imposed on the plan administrator by the DOL.  A recent study conducted by the Department of Labor found serious problems with nearly 40% of employee benefit plan audits.  (You may read this study on our website at: <a href="http://www.dol.gov/ebsa">www.dol.gov/ebsa</a> ).</p> <p>A quality audit will help protect the assets and financial integrity of your Plan and help to ensure that the necessary funds will be available to pay the benefits promised to your Plan’s participants and their beneficiaries.  It also helps make sure your Plan is in compliance with the law.</p> <p>Employee benefit plan audits have unique audit and reporting requirements and are different from other financial audits.  Care should be taken by the plan administrator to select a CPA who possesses the requisite knowledge of plan audit requirements and expertise to perform the audit in accordance with professional auditing standards.  To ascertain the qualifications of a CPA firm to perform your Plan’s audit you might want to consider the following factors:</p> <ul> <li>The number of employee benefit plans the CPA audits each year, including the types of plans;</li> <li>The extent of specific annual training the CPA received in auditing plans;</li> <li>The status of the CPA’s license with the applicable state board of accountancy;</li> <li>Whether the CPA has been the subject of any prior DOL findings or referrals, or has been referred to a state board of accountancy or the American Institute of CPA’s for investigation; and</li> <li>Whether or not  your CPA’s employee benefit plan audit work has recently been reviewed by another CPA (this is called a “Peer Review”) and, if so whether such review resulted in negative findings;</li> </ul> <p>Additional tips for selecting an auditor and monitoring your auditor’s work can be found in our pamphlet “<em>Selecting an Auditor for Your Employee Benefit Plan</em>” found at: <a href="http://www.dol.gov/ebsa/publications/selectinganauditor.html">http://www.dol.gov/ebsa/publications/selectinganauditor.html</a>. </p> <p>We are eager to discuss with you the importance of a quality audit for your plan, and welcome your comments and questions at <a href="mailto:PlanForAuditQuality@dol.gov">PlanForAuditQuality@dol.gov</a>.</p> <p><strong>Note: We are <span style="text-decoration: underline;">NOT</span> requesting Personal Identifiable Information (PII) of either you or your employees.</strong></p> <p><strong> </strong></p> Fri, 08 Jan 2016 12:00:00 EDT U.S. Virgin Islands, New Jersey Adopt AICPA Code of Professional Conduct http://www.kscpa.org/about/news/887-u_s_virgin_islands_new_jersey_adopt_aicpa_code_of http://www.kscpa.org/about/news/887-u_s_virgin_islands_new_jersey_adopt_aicpa_code_of <p><span>Congratulations to the U.S. Virgin Islands and New Jersey, which have become the most recent jurisdictions to adopt the AICPA Code of Professional Conduct! </span></p> <p><a class="file pdf" href="/writable/files/2015/code-of-conduct-facts_1_.pdf">Code of Conduct Facts</a> <a class="file pdf" href="/writable/files/2015/code-of-conduct-map.pdf">Map of States Adopting Code of Conduct</a><br /><br /><span>U</span><span>niformity in ethics and independence standards is necessary to facilitate compliance with rules, protect the public, and promote sound business practices. As such, the</span><span> AICPA and NASBA have joined together to assist state CPA societies and state boards of accountancy in adopting the full AICPA Code of Professional Conduct. To date, 20 states and jurisdictions have already adopted the full Code as a requirement for CPAs to practice in their states. These states and jurisdictions are highlighted in the attached map, and more information on the benefits of full Code adoption are available in the attached handout.</span><br /><br /><span>For more information on adopting the AICPA Code in your state, please contact Suzanne Jolicoeur, AICPA Senior Manager for State Regulation, at </span><a href="https://owa.mex02.emailsrvr.com/owa/redir.aspx?SURL=vnMqqR8g-5RY4tkRVywFKdKIYzsi32y7vUs2ah0R9e0kmBfL_BXTCG0AYQBpAGwAdABvADoAcwBqAG8AbABpAGMAbwBlAHUAcgBAAGEAaQBjAHAAYQAuAG8AcgBnAA..&URL=mailto%3asjolicoeur%40aicpa.org">sjolicoeur@aicpa.org</a><span> or 919-402-4906.</span></p> <p> </p> Tue, 05 Jan 2016 12:00:00 EDT KS BOA Proposes Amendments to Regulations for CPAs http://www.kscpa.org/about/news/886-ks_boa_proposes_amendments_to_regulations_for_cpas http://www.kscpa.org/about/news/886-ks_boa_proposes_amendments_to_regulations_for_cpas <h3><img class="justified_left" style="width: 237px; height: 121px; float: left;" src="/writable/images/Logos/kscpa_a_12_clr.jpg" alt="KSCPA" width="746" height="308" />KSCPA Leadership Requests Members to Participate in Survey on Proposed Regulation Amendments</h3> <p>Because CPAs must be knowledgeable of regulations affecting the profession, the KSCPA created a document that includes a complete set of the regulations and the proposed amendments. The leadership reviewed the proposed amendments and created a summary with recommendations. Prior to presenting these recommendations to the Board, we ask the members to participate in an important survey.</p> <p>Please review the regulations and the summary/recommendations from the leadership prior to completing the survey.</p> <p><a class="file pdf" href="/writable/files/2015/kar_complete_with_proposed_2016_amendments.pdf">Complete Regulations with Proposed 2016 Amendments</a></p> <p><a class="file pdf" href="/writable/files/2015/2016_kar_proposed_regulation_amendments_summary.pdf">2016 Proposed Regulation Amendments Summary by KSCPA Leadership</a></p> <h3 style="text-align: center;"><strong>The Survey is Closed</strong></h3> <h3 style="text-align: center;"><a href="/about/news/892-survey_results-ks_boa_proposed_regulations" target="_blank"> Click here for a summary of results</a></h3> <h3>From the Board of Accountancy:</h3> <p>The Kansas Board of Accountancy public hearing on proposed regulation amendments for the CPA profession will be held at 9:30am on January 15, 2016 at the Landon State Office Building, 900 SW Jackson, Room 509, Topeka, KS.</p> <p>A complete copy of the Notice of Hearing, Economic Impact Statement, and proposed Regulation amendments are available at <a href="http://www.ksboa.org/"><span style="text-decoration: underline;"><span style="color: #0066cc; text-decoration: underline;">www.ksboa.org</span></span></a>. Comments and questions may be directed to Susan Somers, Executive Director of the Board at <a href="mailto:info@ksboa.ks.gov"><span style="text-decoration: underline;"><span style="color: #0066cc; text-decoration: underline;">info@ksboa.ks.gov</span></span></a> or 785-296-2162.</p> <p> </p> Fri, 04 Dec 2015 12:00:00 EDT UPS – Discounted Shipping Member Benefit In Time for the Holidays! http://www.kscpa.org/about/news/885-ups-discounted_shipping_member_benefit_in_time_for http://www.kscpa.org/about/news/885-ups-discounted_shipping_member_benefit_in_time_for <p>With several packages needing delivery around the country, I decided to check out the UPS member benefit – a 36% discount on shipping.</p> <p>Not only was it a breeze to establish my account and prepare packages, the packages were delivered 2 days before expected. Here’s what you need to do: 1. Login to kscpa.org. 2. Go to Members/Member Benefits – at the bottom of the page, click on Strategic Alliance Page. 3. Click on UPS Shipping at the very bottom of the page. 4. Within the UPS Shipping page, click on the web address. Here, you’ll land on the KSCPA Member page where you can enroll and start to ship.</p> <p>Shipping is easy. Select the options, weigh and measure your package, and print out the shipping document and tape to your package. You can schedule pickup or simply drop the packages off at a UPS Store or shipping facility. UPS will send you an invoice. You’ll have a customer number; however, the UPS Store doesn’t have a record of your number as this is a separate organization. It’s best to print your document or call 1-800-MEMBERS and request shipping supplies.</p> <p>Happy Holidays and Gleeful Gift Giving!</p> <p>Mary MacBain, CPA, KSCPA President/CEO</p> Fri, 04 Dec 2015 12:00:00 EDT CPA Exam Exposure Draft Comment Period Ends November 30th http://www.kscpa.org/about/news/884-cpa_exam_exposure_draft_comment_period_ends http://www.kscpa.org/about/news/884-cpa_exam_exposure_draft_comment_period_ends <p><a class="file pdf" href="/writable/files/2015/aicpa_next_uniform_cpa_exam_exposure_draft_09-01-2015.pdf">CPA Exam Exposure Draft</a></p> Fri, 13 Nov 2015 12:00:00 EDT UAA and Model Rules Exposure Draft Related to the Creation of CPA-Retired Status http://www.kscpa.org/about/news/883-uaa_and_model_rules_exposure_draft_related_to_the http://www.kscpa.org/about/news/883-uaa_and_model_rules_exposure_draft_related_to_the <p>Read the Exposure Draft <a href="https://s3.amazonaws.com/emma-assets/bmf/6a46608f6808519aefdd3b187dbfbed8/Inactive_Retired_Exposure_Draft_Nov_2015.pdf" target="_blank">HERE.</a></p> Thu, 05 Nov 2015 12:00:00 EDT KSCPA Elects Board Members and Officers http://www.kscpa.org/about/news/882-kscpa_elects_board_members_and_officers http://www.kscpa.org/about/news/882-kscpa_elects_board_members_and_officers <p align="center"><strong>The Kansas Society of CPAs Elects Officers and </strong></p> <p align="center"><strong>Board of Directors</strong></p> <p style="text-align: center;">More information about the Annual Meeting, bylaws changes and Member Value Day can be found in the upcoming November issue of Skyscapes.</p> <p>On Wednesday, October 28, 2015, The Kansas Society of CPAs elected the following CPAs as officers and members of the board:</p> <p><strong><span style="text-decoration: underline;">Chair of the Board</span></strong></p> <p><strong>Matthew R. List, CPA</strong></p> <p>Partner, BKD, Wichita</p> <p>Matt is a member of the BKD National Financial Services Group and provides public audit, accounting and consulting services to financial institutions.</p> <p>His 20 years of experience include publicly-traded company clients, assisting clients with financing alternatives, forecasting and involvement in mergers and acquisitions as well as preparation of financial statement audits, internal control assessments and operation reviews. He routinely meets with management, boards and audit committees to discuss technical accounting issues and the impact of financial accounting decisions. In addition, he is familiar with the requirements of the Securities and Exchange Commission and Public Company Accounting Oversight Board.</p> <p>Matt currently serves as a board member for Youth Entrepreneurs and is a member of the American Institute of Certified Public Accountants and Kansas Society of Certified Public Accountants. He has served as an active member of the Board of Directors and subsequently on the Executive Committee for the last four years. Matt is also a member of the Institute of Internal Auditors, Risk Management Association, Kansas Bankers Association and Community Bankers Association.</p> <p>Matt graduated from Concordia College, Seward, Nebraska, with B.A. degrees in accounting and business management.</p> <p><strong><span style="text-decoration: underline;">Vice Chair of the Board</span></strong></p> <p><strong>Jim Boomer, CPA.CITP, CGMA</strong></p> <p>Shareholder and CIO, Boomer Consulting, Inc., Prairie Village</p> <p>Jim is a shareholder and the CIO for Boomer Consulting, Inc. He is the director of the Boomer Technology Circles, The Producer Circle, The CIO Advantage and an expert on managing technology within an accounting firm. He also serves as a strategic planning and technology consultant and firm adviser to CPA firms across the country.</p> <p>Jim is ranked by <strong><em>Accounting Today </em></strong>as one of the “100 Most Influential People in Accounting “and has been named to T<strong><em>he CPA Practice Advisor’s </em></strong>“Forty Under Forty” and “Top 25 Thought Leaders” lists multiple times. He is also a graduate of the AICPA Leadership Academy and the KSCPA’s <strong><em>“20 up to 40” </em></strong>Leadership Program. He is an active member of the KSCPA and AICPA, serving on the AICPA’s CITP credentials and TECH+ Steering Committees. Jim served on the KSCPA board of directors and was champion of the technology task force. He is a frequent writer with a monthly column in <strong><em>The CPA Practice Advisor </em></strong>and has been published in a number of industry publications including <strong><em>Accounting Today, Accounting Web, the International Group of Accounting Firms </em></strong>and several state society publications.</p> <p>Jim holds a bachelor’s degree in Accounting and Management Information Systems from Kansas State University in Manhattan, Kansas and a Masters of Business Administration from the University of Texas at Austin in Austin, Texas. He and his wife, Mary, live in Prairie Village, KS with their son, Miles and daughter, Larren.</p> <p><strong><span style="text-decoration: underline;">Secretary/Treasurer of the Board</span></strong></p> <p><strong>Chad Allen, CPA.CITP</strong></p> <p>Partner, Hutchins & Hakke, LLC, Overland Park</p> <p>Chad is a partner with Hutchins & Haake, LLC in Overland Park, KS. He provides audit, review and business advisory services to small businesses and mid-market companies. His focus areas include construction, manufacturing, non-profit and employee benefit plans. He is an active member of the American Institute of Certified Public Accountants as well as the Kansas Society of Certified Public Accountants.</p> <p>Chad is a graduate of the AICPA Leadership Academy as well as the Kansas Society of CPA’s <strong><em>“20 Up To 40” </em></strong>Leadership Program. Along with his wife, Gillian, Chad co-founded the McSwain Foundation, a non-profit created to benefit the Lawrence, KS fire department and community. Additionally, Chad is active with the KU Alumni Association and School of Business. He also serves as chairman of a fundraising committee for the Gillis Home, a Kansas City non-profit serving 1,600 families each year.</p> <p>Raised in Norton, KS, Chad attended the University of Kansas where he earned a Bachelor of Science in Accounting. He is an avid Jayhawks, Royals and Chiefs fan, and enjoys golf, running, classic cars and live jazz. Chad and his wife Gillian live in Lawrence with their daughter, Callaway, and son, James.</p> <p><strong><span style="text-decoration: underline;">Board of Directors</span></strong></p> <p><strong>Noelle Caldwell, CPA</strong></p> <p>Managing Partner, Harvey & Caldwell, PA, Overland Park</p> <p>Noelle is a partner at Harvey & Caldwell, PA. For over 11 years she has been helping small business owners and individuals grow their business through tax planning and management consulting and she’s helped her firm grow in size. She is a past-president and board member of the KSCPA Metro Chapter.</p> <p>She is graduate of the <strong><em>“20 Up To 40”</em></strong> KSCPA Leadership Program. She has been nominated for the AICPA/KSCPA <strong><em>“Women to Watch”</em></strong> Emerging Leader and Experienced Leader award. In 2002, Noelle received her undergraduate degree in business administration with Magna Cum Laude honors from Fort Lewis College in Durango, CO. Noelle received her Master of Science in Accounting – Taxation degree in 2007 from the University of Missouri - Kansas City.</p> <p>Noelle has been married to her college sweetheart, Daniel, for 9 years. They have three children: identical twin boys and a daughter. Noelle also has two noisy beagles. When she is not working, she enjoys playing with her kids, entertaining friends, making wine, and sightseeing around Kansas City.</p> <p><strong><span style="text-decoration: underline;">Board of Directors</span></strong></p> <p><strong>Norm Hope, PhD, CPA</strong></p> <p>Professor of Business Administration, Tabor College, Hillsboro</p> <p>Norm is entering his 25th year as a professor of business administration at Tabor College. He has held various leadership positions at the college and currently chairs the faculty. In addition to teaching at Tabor, he taught 9 years at McPherson College. He also has 37 years of public accounting experience, 4 years full-time with Plummer & Co. Inc. CPAs, Warsaw, Indiana, 33 years part-time with David A. O’Dell CPA LLC, McPherson Kansas, and currently part-time with Adams, Brown, Beran, and Ball, Chtd., McPherson, Kansas.</p> <p>Norm served five years as a trustee on the KSCPA Education Foundation serving two terms as chair. During his tenure, the Foundation provided a major gift to the University of Kansas to fund the T.C. and Trella Anderson, James and Mary Ann Clark, KSCPA Accounting Doctoral Scholarship; expanded its scholarship program creating the Mary Ellen Kirkpatrick Leadership Scholarship and the related fundraising effort <strong><em>Plan 365</em></strong>; and a revised the mission and vision statement of the Foundation. In addition to his work with the Foundation, Norm serves on the Continuing Education Task Force, the Kanas City Business and Industry Conference Steering committee, and the Accounting Educators Steering Committee.</p> <p>Norm holds a B.S. in Accounting from Manchester College (University); an MBA from Emporia State University; and a Ph.D. in Adult and Occupational Education from Kansas State University. He is a member of the AICPA as well as well as the KSCPA.</p> <p><strong><span style="text-decoration: underline;">Board of Directors</span></strong></p> <p><strong>Shawn Sullivan, CPA</strong></p> <p>Senior Vice President, Taxation, Allen, Gibbs & Houlik, L.C., Wichita</p> <p>Shawn is the Senior Vice President of Taxation for Allen, Gibbs & Houlik, L.C., and serves as one of two primary leaders of the firm’s large tax group. He has more than 30 years of extensive public and private experience in the fields of accounting and taxes and works frequently with clients in the manufacturing, wholesale/retail distribution, real estate development and management, construction and contractor industries.</p> <p>In addition to enhancing business performance to minimize tax consequences, he has experience in mergers and acquisitions, and international tax and business structuring.</p> <p>A native Kansan and graduate of Wichita State University, Mr. Sullivan is a member of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants. He serves on the KSCPA Legislative Committee and is chair of the KSCPA Committee on Taxation.</p> <p><strong><span style="text-decoration: underline;">Board of Directors</span></strong></p> <p><strong>Shannon Vivar, CPA</strong></p> <p>Assistant Controller, Koch Industries, Wichita</p> <p>As assistant controller for Koch Industries, Shannon Vivar reports consolidated management and U.S. GAAP financial information, supports mergers and acquisitions and promotes accounting and reporting compliance and best practices across the organization. Prior to joining Koch, Shannon held various financial reporting, accounting and audit roles within Toys “R” Us, Inc. and PricewaterhouseCoopers, LLP. She also served five years in the U.S. Marine Corps.</p> <p>Shannon graduated with a bachelor’s degree in business administration from Kutztown University of Pennsylvania. She is a member of the American Institute of Certified Public Accountants and holds a CGMA designation. Shannon has volunteered to champion the society’s Organizational Excellence task force.</p> <p>She is a 2015 KSCPA “Women to Watch” Experienced Leader Award Winner.</p> <p><strong><span style="text-decoration: underline;">Board of Directors</span></strong></p> <p><strong>Amanda Walker, JD, CPA</strong></p> <p>Attorney, Bever Dye, LC, Wichita</p> <p>Amanda began her professional career with a regional accounting firm. She practices in the areas of estate planning, taxation, trusts and estates, wills, probate and business law. She represents clients in tax controversies before the Internal Revenue Service, the Kansas Department of Revenue and in the federal and state courts. Her representative clients include individuals and closely held businesses. She is admitted to practice in the U.S. District Court for the District of Kansas, the U.S. Tax Court and the Kansas state courts.</p> <p>Amanda received her Bachelor of Business Administration in Accounting and Masters of Accountancy with an emphasis in Taxation from Wichita State University, and her Juris Doctor with Deans Honors from the Washburn University School of Law with Certificates in Estate Planning, Tax, and Business Transactions, all with Distinction.</p> <p>Amanda is a member of the American Bar Association, Kansas Bar Association, Young Lawyers Association, Wichita Women Attorneys Association, American Institute of Certified Public Accountants, Kansas Society of Certified Public Accountants, and a Member of the KSCPA’s <strong><em>“20 up to 40”</em></strong> Leadership Program. She also serves on the board of directors of the YWCA Women’s Crisis Center. She is a 2015 AICPA/KSCPA <strong>“Women to Watch”</strong> Nominee.</p> <p><strong><span style="text-decoration: underline;">Educational Foundation Board of Trustees</span></strong></p> <p><strong>Charlie Gnizak, PhD, CPA</strong></p> <p>Professor of Accounting, Fort Hays State University, Ft. Hays</p> <p>Charlie is a Professor of Accounting at Fort Hays State University. In his 14 years at FHSU, he has taught Income Tax, Advanced Tax, Intermediate Accounting, Advanced Accounting, Ethics and Governmental Accounting. In total, Charlie has over twenty years of college-level teaching experience.</p> <p>Before entering the educational field, he worked in public accounting for six years: one year with Touche, Ross in Cleveland, Ohio, and five years with JCCS, a regional firm in Great Falls, MT. After leaving public accounting, he earned an MBA from the University of Montana and a Ph.D. from Kent State in Ohio. His publications have appeared in the Midwestern Business and Economic Review, the NATP TAXPRO Journal, Today’s CPA and the Kansas Policy Review.</p> <p>He has served as a member of the KSCPA Tax Committee and on the KSCPA Board of Directors.</p> <p><strong><span style="text-decoration: underline;">Educational Foundation Board of Trustees</span></strong></p> <p><strong>Laura M. Zellers, CPA</strong></p> <p>Lecturer, W. Frank Barton School of Business, Wichita State University, Wichita</p> <p>Laura M. Zellers, CPA, is a Lecturer in the School of Accountancy at the W. Frank Barton School of Business at Wichita State University. She teaches Individual Income Taxation, Advanced Managerial Accounting, Intro and Intermediate Financial Accounting, as well as Principles of Auditing. She taught at WSU from 2000-2002, and has been back in a full time role since 2009. She serves on several programming and scholarship committees within the Barton School of Business.</p> <p>Laura is a member of the Kansas Society of Certified Public Accountants and the Accounting and Financial Women’s Alliance. She was a graduate of the KSCPA “20 up to 40” class in 2013.</p> <p>Laura previously worked for EY as a Staff Auditor in the late 1990’s and as a Senior Auditor in 2008.</p> <p>Laura received her MACC from the University of Kansas in 1997 and her B.S. from the University of Kansas, in Business Administration and Accounting, in 1996. She holds a permit to practice in the State of Kansas.</p> Thu, 05 Nov 2015 12:00:00 EDT KSCPA President and CEO Position Opening http://www.kscpa.org/about/news/881-kscpa_president_and_ceo_position_opening http://www.kscpa.org/about/news/881-kscpa_president_and_ceo_position_opening <p>The search is underway for a President and CEO of the Kansas Society of CPAs. Applications are being accepted until December 31, 2015. Start date is estimated as April 1, 2016. Members of the KSCPA are encouraged to apply. Further information is available <a href="/classifieds?page=1" target="_blank">HERE.</a></p> <p>The president / CEO is responsible for implementing the strategic plans of the leadership of the KSCPA and the Educational Foundation. S/he communicates the plans to the membership and the KSCPA team and creates programs to align with the vision, mission, and core values of the KSCPA.</p> <p>KSCPA is an Equal Opportunity Employer.</p> Wed, 04 Nov 2015 12:00:00 EDT Confirmed Changes to the Bipartisan Budget Bill 2015 http://www.kscpa.org/about/news/880-confirmed_changes_to_the_bipartisan_budget_bill http://www.kscpa.org/about/news/880-confirmed_changes_to_the_bipartisan_budget_bill <p><a class="file pdf" href="/writable/files/2015/2015-oct-bipartisan_budget_act_2015_section_831_ssa_.pdf">Bipartisan Budget Act 2015 Section 831 (SSA)</a></p> <ol> <li>“File and suspend” will cease to exist in about 6 months.  Under the new rules when a person suspends his benefit, all benefits paid from his record are also suspended.  The new legislation will require that the primary person must be receiving his/her own benefit in order for an spouse to claim benefits based on their record.</li> <li>“Suspend” the new legislation will leave on the table the ability to suspend benefits for the purpose of accruing delayed retirement credits. So if you have a person who files early and later decides it was a mistake, s/he can suspend benefits at full retirement age and accrue delayed retirement credits. However, any other benefits being paid from the suspended account will stop.</li> <li>Anyone who has already claimed benefits with a file and suspend strategy can continue with the strategy and anyone who implements the strategy within the next 6 months and use it.</li> <li>The new legislation extends a concept called “deemed filing” and thereby with the passage of new rules eliminates the “restricted application." Restricted application allowed a spouse who had attained full retirement age, who was also eligible for his/her own retirement benefit, to collect only a spousal benefit. Then at age 70, the spouse would switch to his/her own retirement benefit which would have grown to its maximum with delayed retirement. The new rule extends the deemed filing provision to age 70, meaning that the benefit will always be the higher benefit if a person is eligible to draw from more than one record.</li> <li>The new rules around restricted application apply only to individuals who attain age 62 after 2015. For those who achieve age 62 prior to 2016, it remains possible to file a restricted application for spousal benefits only at full retirement age.</li> </ol> Wed, 04 Nov 2015 12:00:00 EDT American Institute of CPAs Proposes Expanding Joint Venture with CIMA http://www.kscpa.org/about/news/879-american_institute_of_cpas_proposes_expanding_joint http://www.kscpa.org/about/news/879-american_institute_of_cpas_proposes_expanding_joint <p>Legendary investor Warren Buffett has a saying: “Someone’s sitting in the shade today because someone planted a tree a long time ago.” This quote underscores the importance of anticipating and preparing today for the opportunities and challenges of tomorrow.</p> <p>The CPA profession has a long history of doing just that. The Kansas Society of CPAs and the American Institute of CPAs (AICPA) currently are working on a wide variety of initiatives to enhance the relevance and vibrancy of the profession far into the future. These initiatives include programs to promote the value of CPAs as trusted business advisors, enhance audit quality, broaden the definition of attest, help firms identify and remedy issues during A&A engagements, evolve the Uniform CPA Exam, attract the next generation of talent, and meet the information and educational needs of members in public accounting, business, government and specialized services.</p> <p>In response to the needs of members working in corporations of all ownership structures and sizes, the AICPA formed a joint venture with the Chartered Institute of Management Accountants (CIMA) in 2011. CIMA is the world’s leading and largest professional body of management accountants. Founded in 1919, CIMA represents more than 227,000 members and students operating in 179 countries, working in industry, commerce and not-for-profit organizations. In January 2012, the two organizations launched the Chartered Global Management Accountant (CGMA) designation. The number of CGMA designation holders is now more than 150,000 worldwide, with over 50,000 in the U.S.</p> <p>Now, the AICPA and CIMA are beginning a conversation with their respective members about a proposal to integrate their operations, strategy and management through a newly formed association. The AICPA would continue to serve members and protect, promote and grow the CPA profession. The new association aims to maximize efficiencies and provide a broader platform for further enhancing advocacy, promoting public and management accounting on campuses and with employers and clients, and developing new research and educational offerings. According to Arleen Thomas, CPA, CGMA, AICPA Senior Vice President-Management Accounting and Global Markets, “A presence in Europe will dramatically increase our ability to advocate for members on international matters that are increasingly impacting the U.S. securities system. In addition, the proposal would enable the profession to achieve even greater influence domestically and internationally and broaden the appeal of accounting to the next generation of professionals.”</p> <p><strong>Unwavering Commitment to the CPA</strong></p> <p>“Our strategy is built on the power of ‘And,’” said Barry C. Melancon, CPA, CGMA, AICPA President and CEO. “The AICPA would continue to maintain an unwavering commitment to the CPA, promote high standards for ethics and quality, and protect the public interest and the core values of the CPA profession. What we would gain through this new association with CIMA is the further professionalization of management accounting. Financial reporting is stronger when we drive quality in both public and management accounting.”</p> <p><strong>Trends Driving Need for Evolution</strong></p> <p>The CPA profession has a history of anticipating – and adjusting to – changes in market demands. The profession has grappled with and developed solutions to address increasing complex technology, specialization, and evolving business structures; these drove such evolutionary steps as the computerization of the CPA Exam, non-CPA firm ownership and the adoption of cloud computing solutions.</p> <p>Current trends and challenges on the horizon have been carefully assessed by the AICPA as part of its ongoing strategic planning process. With record membership numbers and the CPA reputation at the highest level, the AICPA believes that the time is right to pursue a proposal that will better enable the profession to tackle such factors as:</p> <ul> <li>The growing worldwide talent shortage and associated demand for ever higher levels of specialized knowledge and services</li> <li>Significant demographic and generational shifts</li> <li>The increasing number of accounting graduates bypassing professional affiliation and the associated commitment to a professional code of conduct</li> <li>The shift of economic growth toward Asian and emerging markets</li> <li>The greater international mindset of today’s graduates and the overall trend toward more international connectedness and interdependencies</li> <li>Regulatory impact coming from Europe and other parts of the world that are affecting businesses in the U.S. </li> <li>The need for finance professionals, facing an increasingly competitive job market, to differentiate themselves from their peers and demonstrate greater strategic management and business partnering skills</li> </ul> <p><strong>Building on Existing Joint Venture’s Success</strong></p> <p>Approximately 50 percent of most state CPA society and AICPA members work in businesses of all sizes and ownership structures. Creating the CGMA offered these professionals a complementary designation and enhanced resources. Since the designation’s launch, the American Institute of CPAs and CIMA have delivered nearly 120 reports and tools plus online events and career development resources to members seeking to increase their knowledge and hone critical skills for the future. The organizations also developed the <a href="http://www.cgma.org/Resources/Tools/Pages/cgma-competency-framework.aspx">CGMA Competency Framework</a> and the <a href="http://www.cgma.org/resources/reports/pages/globalmanagementaccountingprinciples.aspx">Global Management Accounting Principles</a>. In addition, so that members and employers could better assess and address accountants’ skills and competency gaps, the organizations launched the <a href="https://competency.aicpa.org/" target="_blank">AICPA | CIMA Competency and Learning platform</a>. The tool also analyzes public accounting skills, such as those related to assurance as well as employee benefit plan and governmental audits.</p> <p>CGMA designation holders also have access to the CGMA Magazine, the CGMA Finance Impact Tool, numerous reports and case studies on best practices, and the Harvard ManageMentor online learning and performance support resource program. The website <a href="http://cgma.org/">cgma.org</a> is the hub for all of these resources and more.</p> <p><strong>Benefits of the Proposal</strong></p> <p>“We are supportive of the direction the AICPA Board is recommending,” said Mary R. MacBain, KSCPA President/CEO. “The changes this profession faces today are greater than ever. To preserve our relevance and stature, the profession needs to embrace change and consider innovative ways to better anticipate, reflect and lead. The work between the AICPA and CIMA has contributed greatly to the professionalization of management accounting, and that is much needed today. The proposal would bring together the entire accounting profession and extend the influence of a CPA-led accounting profession in the U.S.”</p> <p>Strengthening the bond between the two organizations would streamline resources and create efficiencies to help both organizations move faster to market and produce content with broader perspective, especially on international business issues, which are increasingly impacting CPA firm clients. In particular, the AICPA cites the gains in advocacy that could be realized when speaking on behalf of more than 600,000 current and next generation accounting professionals. The association of the AICPA and CIMA would form the most influential body for the accounting profession, within the U.S. and globally, advocating on tax, audit, financial reporting and other issues important to members.</p> <p><strong>What’s Next?</strong></p> <p>Gaining member insights into the AICPA and CIMA evolution is critical to helping the Institute’s governing Council determine its next course of action. Council will assess member feedback and consider authorizing a member ballot in the spring. Moving forward would require a vote by members, with a majority of those voting supporting the proposal. CIMA has a similar requirement and timeline.</p> <p>Members are encouraged to visit <a href="http://aicpa.icidigital.com/">aicpa.org/horizons</a> to find out more about what they could gain from a deeper relationship with CIMA and provide feedback on the proposal.</p> <p> </p> Tue, 03 Nov 2015 12:00:00 EDT "It's a Great Day to be a CPA" - AICPA Fall Council 2015 http://www.kscpa.org/about/news/878-its_a_great_day_to_be_a_cpa-aicpa_fall_council http://www.kscpa.org/about/news/878-its_a_great_day_to_be_a_cpa-aicpa_fall_council <p>The AICPA held the Annual Member's Meeting and Meeting of Fall Council 2015 in beautiful Maui, Hawaii. "It's a great day to be a CPA," proclaimed Tim Christen, as he shared his vision for maintaining a relevant and vibrant CPA profession.</p> <p><strong>Tim Christen, CPA, CGMA, Elected Chairman of AICPA Board of Directors</strong></p> <p><img class="justified_right" style="width: 261px; height: 262px; float: right;" src="/writable/images/AICPA/tim_christen_and_mary_macbain.jpg" alt="Tim Christen and Mary MacBain" width="660" height="666" /></p> <p>Tim Christen, CPA, CGMA, was named chairman of the AICPA Board of Directors on October 21, 2015, for a one-year term. His inaugural <a href="http://www.aicpa.org/About/Leadership/DownloadableDocuments/Tim_Christen_Inaugural_Speech.pdf" target="_blank">speech,</a> “Shaping Our Future: Ensuring a Relevant Profession,” focuses on taking action now to remain relevant going forward. He said the profession is in a position of strength, and should build from that perspective – anticipating and innovating as it always has. He points to four areas in particular where the profession should evolve: modernizing services, delivering solutions faster and adapting to change more quickly, increasing collaboration with others and creating the professional environment of choice for the best and brightest talent. <a href="http://www.journalofaccountancy.com/issues/2015/nov/aicpa-chairman-tim-christen.html" target="_blank">Learn more about Tim in this JOA article.</a></p> <p><img class="justified_left" style="width: 228px; height: 158px; float: left;" src="/writable/images/AICPA/kimberly_ellison-taylor_vice_chair.jpg" alt="Kimberly Ellison-Taylor" width="749" height="498" /><strong>Kimberly Ellison-Taylor, CPA, CGMA</strong> was elected vice chair of the AICPA. Both Tim and Kimberly will visit Kansas in 2016. Tim will attend a reception for the <em><strong>"20 up to 40"</strong></em> and KSCPA leadership on June 7 and present a professional issues update on June 8. Kimberly will present at the November 16 Member Value Day. Both are in Wichita.</p> <p>Seven KSCPA members attended the meetings. <strong>Richard Dinkel, CPA, was elected as an at large member of AICPA Council, Gregg Goodwin, JD, CPA was elected to the Joint Trial Board, and Albert Denny, CPA was elected to the Peer Review Board. </strong></p> <p><img class="justified_center" style="width: 511px; height: 252px; margin-right: auto; margin-left: auto; display: block;" src="/writable/images/AICPA/kscpa_delegation_at_fall_council_2015.jpg" alt="KSCPA at AICPA Fall Council 2015" width="749" height="369" />Attending the meeting were the following KSCPA members:<br />DeAnn Hill, CPA, PFS, CGMA - AICPA Board of Directors<br />Michelle Schneider, CPA - Desginated Member of AICPA Council - outgoing<br />Matt List, CPA - Desginated Member of AICPA Council - incoming<br />Robert Schuster, CPA - Elected Member of AICPA Council<br />Richard Dinkel, CPA - newly elected At Large Member of AICPA Council<br />L. Gary Boomer, CPA.CITP,CGMA - At Large Member of AICPA Council<br />Mary Rapp MacBain, CPA.CITP, CGMA - President/CEO, KSCPA<br />Michelle MacBain, MA - Communications & Public Relations Director, KSCPA </p> <p>With the election of Richard Dinkel, Gregg Goodwin, and Bert Denny, as well as the awarding of the continuing sustained award to Gary Boomer and Mary MacBain and recognition of Mary for her service as CEO of the KSCPA, it is also a <em><strong>Great Day for CPAs in Kansas!</strong></em></p> <p>Important issues discussed at the meeting were the following:</p> <p><strong>Changes to the CPA Exam</strong> - find out about what's changing on the Exam by visiting aicpa.org/nextcpaexam.</p> <p><strong>CPA Pipeline: Nuturing the Next Generation of CPAs</strong> - learn more in this <em>Journal of Accountancy</em> <a href="http://www.journalofaccountancy.com/news/2015/oct/cpa-pipeline-next-steps-201513179.html" target="_blank">article</a><span style="color: #262626; font-size: medium;">.</span></p> <p><strong>The Evolving Assurance Landscape</strong> and an <strong>Update on the Enhancing Audit Quality Initiatives</strong> were presented. More information will be available in the November 2015 <em><strong>Skyscapes</strong></em>.</p> <p>Most notable was discussion around and the approval of <strong>broader U.S. access to the CGMA designation</strong>. Kansas now has approximately 500 CGMAs. This approval allows non-CPAs to earn the desgination following a rigorous process, including education, training, experience, and examation. The KSCPA will collaorate extensively with the AICPA in growing this important segment of the accounting profession.</p> <p>This expansion addresses the demands for management accounting professionals in the marketplace. All CGMAs must complete continuing professional development requirements and adhere to the AICPA Code of Conduct.</p> <p> </p> Fri, 23 Oct 2015 12:00:00 EDT Alert: Bank Transfer Email Scam http://www.kscpa.org/about/news/877-alert_bank_transfer_email_scam http://www.kscpa.org/about/news/877-alert_bank_transfer_email_scam <p>Please be very, very cautious when opening emails, even from people you know. An email was received by a KSCPA staff member stating it was from the CEO asking to make a bank transfer. The employee noticed the email was signed with a full, formal name. It seemed strange that the CEO would be making such a request, so when the staff member hit reply, it generated a gmail account.</p> <p>The email was forwarded to our IT professional, and he confirmed it was from a scammer and he has heard of businesses who have lost money related to this email scam. He said the person likely scanned our website for the CEO and CFO information to make the email look legitimate. He has seen other scam emails that look even more legitimate, so these emails are highly misleading. </p> <p>Our IT professional mentioned another scam email we should be aware of related to Microsoft Exchange. The email states you are out of space and to click on the link to add more space. <strong>DO NOT CLICK ANY LINKS IN EMAILS</strong> unless you know the sender and are sure the email is legitimate. You can also hover over the link to see if it is really going to that address. Scammers will disguise the link to appear legitimate, but when you hover over it, it is not the same address.</p> <p>Another scam is related to cloud based services, like FedEx, UPS, American Express, etc. These are sent quite frequently at work as well as at home. <strong>DO NOT RESPOND OR CLICK ANY LINKS</strong> in emails asking for banking or credit card info.</p> <p>These scammers are really getting good and you must be extremely cautious. If you see anything that looks questionable to you, just delete it or ask your IT professional to review it.</p> Fri, 23 Oct 2015 12:00:00 EDT L. Gary Boomer and Mary MacBain Recognized for AICPA Volunteer Service http://www.kscpa.org/about/news/876-l_gary_boomer_and_mary_macbain_recognized_for_aicpa http://www.kscpa.org/about/news/876-l_gary_boomer_and_mary_macbain_recognized_for_aicpa <div class="SmallText"><strong>Maui, Hawaii (Oct. 20, 2015) –</strong> The <a href="http://www.aicpa.org/">Ame<img class="justified_right" style="width: 314px; height: 191px; float: right;" src="/writable/images/MemberPhotos/mary_macbain_and_gary_boomer_sustaining_contributor_award_winners.jpg" alt="Mary Rapp MacBain and L Gary Boomer" width="748" height="440" />rican Institute of CPAs </a>(AICPA) today announced 41 CPAs selected to receive its Sustained Contribution Award. The award recognizes members of the Institute who have contributed measurably to the AICPA and the CPA profession through their volunteer service. The first two award recipients from Kansas are L. Gary Boomer, CPA.CITP, CGMA and Mary Rapp MacBain, CPA.CITP, CGMA.</div> <div class="SmallText"> </div> <div class="SmallText">All of the recipients served on an Institute volunteer group for 20 or more years and served at least once as a chair of an AICPA committee, task force or resource panel. Gary and Mary's service are most notable for their contributions in the information technology arena. Both served as speakers and on steering committees for the AICPA technology conferences over a number of years and on the Information Technology Executive Committee. Gary served as chair during the creation of the CITP and was the credential's inspiration. Gary is currently the chair of the Life Insurance/Disability Plans Committee and Mary serves on the Women's Initiatives Executive Committee.</div> <div class="SmallText"> </div> <div class="SmallText">“The AICPA congratulates all of the recipients of this year’s Sustained Contribution Award,” said Kathy Johnson, CPA, a member of the AICPA’s award committee. “The work they’ve done in volunteer leadership roles at the AICPA has strengthened the profession.”</div> <div class="SmallText"> </div> <div class="SmallText">"I encourage all members interested in serving on an AICPA committee or task force to become involved in the KSCPA leadership," said Mary MacBain. "State leadership is excellent preparation on the pathway to serving at a national level. Service to the profession, is one of the most rewarding and educational experiences an individual can have during his or her career."</div> <div class="SmallText"> </div> <div class="SmallText">Members interested in leading the profession should contact Mary MacBain at <a href="mailto:mary@kscpa.org">mary@kscpa.org</a>.</div> Tue, 20 Oct 2015 12:00:00 EDT Timothy Russell, CPA and Zach Mastroly, CPA, Koch Industries, Pass CGMA Exam http://www.kscpa.org/about/news/873-timothy_russell_cpa_and_zach_mastroly_cpa_koch http://www.kscpa.org/about/news/873-timothy_russell_cpa_and_zach_mastroly_cpa_koch <p><img class="justified_right" style="width: 337px; height: 260px; float: right;" src="/writable/images/Logos/cgma_vertical.jpg" alt="CGMA Logo" width="716" height="585" /></p> <p>Timothy Russell, CPA, Manager, Global Accounting & Reporting, and Zach Mastroly, CPA, Senior Accountant, Global Accounting & Reporting, Koch Industries, passed the examination and earned the CGMA designation.</p> <p>Business today is global, and Koch Industries, Inc. is certainly one of the leading global enterprises focused on transforming their finance function to be a value adding function. Management accountants, like Tim and Zach, are more than “number-crunchers.” They are strategic business partners engaged in finance transformation and value creation. This is why they pursued the CGMA designation. Tim and Zach are members of both the American Institute of CPAs and the Kansas Society of CPAs. </p> <p>The AICPA and Chartered Institute of Management Accountants launched the CGMA in the United States in 2011 to assist management accountants maintain their competency in a fast-paced, global economy. The competencies of management accountants include technical skills, business skills, people skills, and leadership skills.</p> <p>To become a CGMA, a CPA must have three-years of experience in management accounting and pass a rigorous examination. All CGMAs are members of the American Institute of CPAs, and are required to comply with the AICPA Code of Professional Conduct and continuing professional education requirements. </p> <p>“The CGMA is a perfect complement to a CPA,” states Mary R. MacBain, CPA.CITP, CGMA, CEO of the Kansas Society of CPAs. “The CGMA competency framework addresses skills necessary to be a successful management accountant and is used as a guide to maintaining one’s skillset. As one moves through his or her career, emphasis transitions from technical to leadership skills. Resources and education are available to CGMAs in each area, and the CGMA can focus on skills that are needed at any point in a career. This designation demonstrates to employers that the individual professional accountant is in a constant mode of learning and that this learning is meaningful.”</p> Fri, 02 Oct 2015 12:00:00 EDT 2015 AICPA/KSCPA Men Who Get It Award Nominees http://www.kscpa.org/about/news/872-2015_aicpa_kscpa_men_who_get_it_award_nominees http://www.kscpa.org/about/news/872-2015_aicpa_kscpa_men_who_get_it_award_nominees <h2>2015 AICPA / KSCPA Men Who Get It Award Nominees</h2> <p>For the past 6 years, the AICPA and KSCPA has recognized women role models who are leaders in our profession. There are 103 AICPA/KSCPA women nominees, of whom 18 have been recognized as AICPA/KSCPA "Women to Watch" Emerging or Experienced Leaders. This program was developed by the <strong>AICPA Women's Initiatives Executive Committee</strong> in 2005 because of the lack of women in leadership roles in public accounting and business & industry. This award highlights the accomplishments of women in the profession and demonstrates to emerging female leaders that success is not out of reach. Seventeen state associations currently participate in this award.</p> <p>The Committee also recognizes that men play an essential role in helping women achieve success in the accounting profession. Hence, the "AICPA/KSCPA Men who Get it Award." The Maryland Association and Kansas Society are the first CPA societies to sponsor the award with the AICPA.</p> <p><strong>Who is a "man who gets it?"</strong> This individual knows that business works better when men and women cooperate. A man "who gets it" - <br />1. Knows that a diverse and inclusive workforce makes good business sense.<br />2. Champions the case for diversity and inclusion.<br />3. Supports the development of programs for women's advancement and mentors women both formally and informally.<br />4. Provides frank career advice to women.<br />5. Advocates flexible work arrangements.<br />6. Sets an example for others to overcome unconscious bias by being open-minded about providing opportunities that create a diverse work environment.</p> <p>The KSCPA received nominations from women who are eager to have these phenomenal men recognized for their efforts to help them succeed in the accounting profession. Each of these nominees humbly and respectfully champion diversity and inclusion - they are leaders who create new leaders. We are delighted to announce the following three individuals who will be honored at the awards luncheon on October 28. If you register for Member Value Day, you are automatically registered for the luncheon. You can also register for the luncheon only, and register guests who are not KSCPA members in the cart. Please register on this website and honor our women and men leaders as well as the CPA Passers. Gary Boomer, who is recognized as one of the top ten most influential people by<em><strong> "Accounting Today"</strong></em> will present remarks about being "Future Ready" at this event.</p> <h3>The 2015 AICPA/KSCPA Men Who Get It Nominees Are:</h3> <p><strong>Stephen M. Criser, CPA, Senior Partner, Criser, Gough and Parish, LLC, Wichita<br /><br /></strong><strong>Brad Koehn, CPA, Director, Berberich, Trahan & Co., PA, Topeka</strong></p> <p><strong>Mark Radetic, CPA, CGMA, Managing Member, MarksNelsonLLC, Kansas City</strong></p> <p><strong> </strong></p> <p> </p> Fri, 25 Sep 2015 12:00:00 EDT "20 up to 40" Joins the Metro Chapter for Tailgate and Royals Game http://www.kscpa.org/about/news/871-20_up_to_40_joins_the_metro_chapter_for_tailgate http://www.kscpa.org/about/news/871-20_up_to_40_joins_the_metro_chapter_for_tailgate <h2 style="text-align: center;">"20 up to 40" Joins the KSCPA Metro Chapter for</h2> <h2 style="text-align: center;">Royals Game and Tailgate</h2> <p><img class="justified_center" style="display: block; margin-left: auto; margin-right: auto;" src="/writable/images/News/2015NewsImages/_dsc0308.jpg" alt="20 up to 40 Metro Royals" width="426" height="289" /></p> <p><span>Led by the Young Professionals Task Force Champions Noelle Caldwell, CPA, Harvey and Caldwell, PA and Jessica Dwyer, CPA, KCoe Isom, t</span>he 2015-2016 <em><strong>"20 up to 40"</strong></em> Leadership Program participants met for their second session at the Holiday Inn, Overland Park, to discuss their group projects for the year and learn effective communication techniques from Jennifer Wilson, co-founder and partner, Convergence Coaching, LLC.</p> <p>Following a group discussion on projects focused around high school and university outreach and financial literacy education, promotion of the CPA brand, and advocacy, Jennifer introduced the participants to communciation challenges young professionals face and how to overcome them. She identified how the participants preferred to communicate, communication frustrations, and how our communciation affects impression. </p> <p>That evening, the <em><strong>"20 up to 40"</strong> </em>joined the KSCPA Metro Chapter for a tailgate and opportunity to witness the Royals beat the Seattle Mariners for the American League Central crown. </p> <p>The next <em><strong>"20 up to 40"</strong></em> session occurs on October 27th at the InterContinental Hotel on the Plaza. </p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/News/2015NewsImages/_dsc0248.jpg" alt="20 up to 40" width="326" height="294" /></p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/News/2015NewsImages/_dsc0255.jpg" alt="20 up to 40" width="400" height="238" /></p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/News/2015NewsImages/_dsc0274.jpg" alt="Chris Johnston" width="236" height="265" /></p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/News/2015NewsImages/_dsc0295.jpg" alt="Amber Goering" width="401" height="270" /></p> <p style="text-align: center;"> </p> Fri, 25 Sep 2015 12:00:00 EDT KSCPA Participates in KSU and WSU Meet the Firms http://www.kscpa.org/about/news/868-kscpa_participates_in_ksu_and_wsu_meet_the_firms http://www.kscpa.org/about/news/868-kscpa_participates_in_ksu_and_wsu_meet_the_firms <p><img class="justified_center" style="display: block; margin-left: auto; margin-right: auto;" src="/writable/images/News/2015NewsImages/_dsc0194.jpg" alt="Meet the Firms" width="200" height="297" />Michelle MacBain, Communications and Public Relations Director, visited the campuses of Kansas State University and Wichita State University this week to participate in "Meet the Firms," hosted by Beta Alpha Psi.</p> <p>Michelle connected with faculty, students and recruiters, many of whom are KSCPA members. </p> <p>This year, the KSCPA approved free membership to Kansas accounting students. The "Meet the Firms" events allowed students to learn more about how the KSCPA can assist them in their educational goals and support their professional future. Many students were eager to join and take advantage of the networking opportunities the KSCPA has to offer. </p> <p>Students are invited to join the KSCPA at the <a href="/events/ANNLMTG15/kscpa_member_value_day_includes_luncheon" target="_blank">Member Value Day</a> on October 28 at the InterContinental Hotel on the Plaza in KCMO. Students will receive a Professional Issues Update from Mark Koziel, CPA, SVP, AICPA; learn professional etiquette from Patrick Lee, CPA, Assistant Professor of Accounting, Southwestern College; attend the CPA Passers/Women to Watch and Men Who Get It Awards luncheon, with special guest speaker, Gary Boomer, CPA; participate in one-on-one and roundtables with our <em><strong>"20 up to 40"</strong></em> Leadership Program participants; and receive free professional headshots. </p> <p>Students may apply for free membership and register for the Member Value Day on the KSCPA website. For more information on how you can become a student member of the KSCPA, please contact <a href="mailto:michelle@kscpa.org">michelle@kscpa.org</a>.</p> <p> </p> Fri, 18 Sep 2015 12:00:00 EDT 2015 KSCPA AICPA Women to Watch Nominees http://www.kscpa.org/about/news/867-2015_kscpa_aicpa_women_to_watch_nominees http://www.kscpa.org/about/news/867-2015_kscpa_aicpa_women_to_watch_nominees <p>The KSCPA is delighted to announce the 2015 Women to Watch Award Nominees. This year, the winners receive registration, lodging and airfare to the AICPA Women's Global Leadership Conference in San Francisco. </p> <p><span style="text-decoration: underline;"><strong>Experienced Leader Nominees</strong></span></p> <p>Noelle Caldwell, CPA, Managing Partner, Harvey & Caldwell PA, Overland Park</p> <p>Tanya Dowell, CPA, Accounting Instructor, Seward County Community College, Liberal</p> <p>Amber Littler, CPA, Principal, Adams, Brown, Beran & Ball, Chtd., Hays</p> <p>Sandy Sporleder, CPA, Principal, K●Coe Isom, LLP, Wichita</p> <p>Rebecca Sweet, CPA, Principal, K●Coe Isom, LLP, Pratt</p> <p>Shannon Vivar, CPA, Assistant Controller, Koch Industries, Inc., Wichita</p> <p><span style="text-decoration: underline;"><strong>Emerging Leader Nominees</strong></span></p> <p><span>Stephanie Bunten, JD, CPA, LL.M., Budget & Fiscal Officer, State of Kansas Office of Judicial Administration, Topeka</span></p> <p>Melissa DeDonder, CPA, Senior Associate, K●Coe Isom, LLP, Wichita</p> <p><span>Kate Grant, CPA, Manager, Kirkpatrick Sprecker & Company, LLP, Wichita</span></p> <p>Jenna Hauschild, CPA, Senior, BKD, LLP, Kansas City</p> <p>Shannon Rudisell, CPA, Tax Manager, Grant Thornton, LLP, Wichita</p> <p>Shekima Smith, CPA, Senior Auditor, Ernst & Young, LLP, Wichita</p> <p>Katherine Sparks, CPA, Manager, Criser, Gough & Parrish, LLC, Wichita</p> <p>Amanda Walker, JD, CPA, Associate Attorney, Bever Dye LC, Wichita</p> <p>Meagan Wellbrock, CPA, Senior Manager, Adams, Brown, Beran & Ball, Chtd., Hays</p> <p><span>Stephanie A. Whitacre, CPA, Senior Manager, BKD, LLP, Kansas City</span></p> <p>Gail Yarick, CPA, CGMA, Accounting Faculty, Pittsburg State University, Pittsburg</p> Fri, 18 Sep 2015 12:00:00 EDT Paychex Shares Wolters Kluwer Tax Briefing, ACA Small Business Tax & Compliance http://www.kscpa.org/about/news/866-paychex_shares_wolters_kluwer_tax_briefing_aca http://www.kscpa.org/about/news/866-paychex_shares_wolters_kluwer_tax_briefing_aca <h2>Paychex Shares Wolters Kluwer Tax Briefing, ACA Small Business Tax & Compliance</h2> <p>The Briefing offers the following highlights:</p> <ul> <li>Transition Relief for Reimbursement Plans Ends</li> <li>Possible Legislative Fix Stalls</li> <li>SHOP Plan Employers Can Have Up to 100 Full-Time Employees in 2016</li> <li>Contraceptive Coverage Accommodation Extended to Closely-Held Businesses</li> <li>IRS Considers Who Will Pay High-Cost Plan Tax for Self-Insured Plans</li> <li>Options for Small Businesses</li> </ul> <p><a class="file pdf" href="/writable/files/2015/aca-small-business-tax-compliance.pdf">Wolters Kluwer Tax Briefing</a></p> <p> </p> Fri, 04 Sep 2015 12:00:00 EDT KSCPA Announces New Date/Format for 2015 Annual Meeting Events http://www.kscpa.org/about/news/813-kscpa_announces_new_date_format_for_2015_annual http://www.kscpa.org/about/news/813-kscpa_announces_new_date_format_for_2015_annual <p>The KSCPA is pleased to announce the traditional fall professional issues update, annual meeting, and leadership summit is taking on a new form for 2015. It's exciting, it's fun, and it connects CPAs with those who want to be CPAs.</p> <p><strong>MEMBERS, STUDENTS, AND FACULTY WELCOME!</strong></p> <p><a class="file pdf" href="/writable/files/2015/ProfessionalDevelopmentFiles/member_value_day_schedule_of_events_october_2015.pdf">Click here for detailed schedule of Member Value Day events</a></p> <p><img class="justified_center" style="width: 493px; height: 272px; margin-right: auto; margin-left: auto; display: block;" src="/writable/images/News/2015NewsImages/graphic_for_website_member_value_day.jpg" alt="Member Value Days 2015" width="750" height="431" /></p> Fri, 04 Sep 2015 12:00:00 EDT