KSCPA News https://www.kscpa.org/about/news News from KSCPA en-us Copyright 2021, KSCPA KSCPA 2021 Legislative Podcasts https://www.kscpa.org/about/news/1007-kscpa_2021_legislative_podcasts https://www.kscpa.org/about/news/1007-kscpa_2021_legislative_podcasts <h3>April 12, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1028126743&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"><br /><br /></a></div> <h3>April 5, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1022846947&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3> </h3> <h3>March 29, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1018625626&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3> </h3> <h3>March 22, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1013632675&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3> <br /><br /></h3> <h3>March 15, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1008029620&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3> </h3> <h3>March 8, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/999469507&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3> </h3> <h3>March 1, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/996248572&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"><br /><br /></a></div> <h3>February 22, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/990777337&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3> </h3> <h3>February 15, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/986372149&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3> </h3> <h3>February 8, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/981677944&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <p> </p> <h3>February 1, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/977177353&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3><br />January 25, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/972725920&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3>January 18, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/967923115&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe> </p> <h3>January 11, 2021</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/963794407&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> Mon, 11 Jan 2021 12:00:00 EDT KSCPA Holiday Olympics Schedule of Events https://www.kscpa.org/about/news/1004-kscpa_holiday_olympics_schedule_of_events https://www.kscpa.org/about/news/1004-kscpa_holiday_olympics_schedule_of_events <p><strong><img class="justified_center" style="display: block; margin-left: auto; margin-right: auto;" src="/writable/images/2020/kscpa_winter_olympics_banner.png" alt="Winter Olympics" />Holiday Trivia 12/9 @ noon </strong><br />Nothing screams HOLIDAY like Carols, Movie Classics, Traditions, and Tastes of Winter. How confident are you in your knowledge of holiday cheer? Join our lunch Holiday Trivia to find out. Oh, and a chance to win some FREE CPE credit in 2021!</p> <p><strong>Holiday Cocktails </strong><br /><strong>12/10</strong> <strong>@ 5:00 pm</strong> - <strong>Learning Your Vodkabulary - <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001H9JdSRswwX_shacboB76OQihxqe33ESoIDZu7Qjvj7bh5kFmyEI9_s3R6_UQE_AVLwD1DEAN9SqcYkyTtS7R2Jv5FmjIxRYEGDF5lHC0_ls226ChBaNmlW_AQsvLn4B0Pox_R5tnf_1YrlOnzXAW8xZjXgFkU-LNKROXBOV7c0Q55u95Zm4mI_kOyyHy2TuGBmB2IMqY_-fJzpGeYhAtwwAU_OddxnWadfPYHNOfLtUVJAgHmCrAv_8i_b5QmGbWXZuLNJD39jvhZxAM5G1wvsdpUXiB3KRZFgUUvzONHD1su2H87_8gref64kxl2r4XLFrx7ggekWqt2CShESB_aQKwVsjPh8ch80vWH4IiUpb5hDtmsT73Ga4BlGgQBvJXCRRTLaGq7bp6pX0-YVRtakDf1bpmd83mQi8oj_LPY4mhYrz2udbmnWLxRT7zD2MgUevKzO1p3Hle_vMBxkBeLHMzhO9XViZPEk7ZrGk85dYFtf7mVmdJaOw8uupR6V9xdCfNT1pAeqH_Gms42UXCXB6K3KbSoDYL4iNC1N3Lhtk6PLNnBbzcqFLeV956V56P-Ug_SBngYe1vAwGgH8VCJPjwsE53VQ557Le0AUVhtjp9GTSMUchjHZJr7wwU_aub4kvzVq6ozcTKfqFF0GH1IiBKDudl4pROgmSAQPcumUm5EEBq1mmuEG63buMScjRH8td58OYQQoqLJzdTMywl22ISD8fa8M1GbLEG-u0dR3YnpeN4h88DQ8NoUQG7b3yIvJZWm5EYdWw%3D%26c%3DX5LWOSKbDs2gJYLGGdNnq9uPyIvruDp4Q-9X-xDMf1Fq4L7Ji6MjAA%3D%3D%26ch%3DxfH1wtUq-4G3gmTHr3OkF3P2C2ecstGF4CNAuYS5vMTjgWhhYrICOQ%3D%3D&data=04%7C01%7Cdanielle%40kscpa.org%7Cc3dc23b4074543f1245808d89c7d5090%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637431409325083498%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=t89BJKAC1wdIiv67Yz72sSi9gYn7si%2FSX27WuLoIoIo%3D&reserved=0" target="_blank">Register here</a> - </strong> + Making a Cosmopolitan, Moscow Mule, and Lemon Drop Martini. BYOB, ingredients, and bar equipment.</p> <p><strong>12/16 @ 3:30 pm - A Spicetacular Affair - <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001H9JdSRswwX_shacboB76OQihxqe33ESoIDZu7Qjvj7bh5kFmyEI9_s3R6_UQE_AVjh2NZEDYgOYe37wpYiVhyABty-TL06SYvYFXBCOD3CeB52b0z1ufnTJEpzFuWMYMiD9CMCB-v4aCsZg4Wi5cKaztmSwBVYBhrwyLO92IuwBINXRHgLwg1iNQWI5Zm4Btt02s46Y1WUVnQW2B0SuNvKFEe93ZlitKAqzHeTFQIt9r3VeCVKviGKDSE4JoXtf2J2q2qxZgYa3yi0rI-qJqAQdJ-rCb0BUkSw4ccYkz_sqNUSeUty39VAMHyjxwsdrOe25dL-VHM-UJdtEr_0-S1Dlbfw1CyTtLiy3k4yzOGejL5bKK39QaGBVu1ZWbKbVq9VPXpfWGs43upKX0DqLe4Zqy01E5RIw7Epq_oKa9iaos6cUh96tiY9eUt5lA0eDaP6g3Z5cjQeSvsbSlS5E9rR8iL_nanHe0lYWh6R9AFY8CWnAMf9P6oYBnaMVNZo9K6YlLSB7QL5fPfQzG5yaYUOZA3qwZ0Qfy1KF17GqdZI8mcdXtFvjfIEK2mVotgok2C6k1aNnMkQkeIi9VXoaOMlW-GAzqElE1ZwZ4LkiqOAffAgXfr-XcNUeiXAREcPdFDWVIs94d5ch6xSJYWCg9a2Lw0BwqnLXyTvtsC3WwrXDDngUlyy6gKG2531TxQZvAAY2M3UAy0jSFo3c-CEPP7gxktZi5_IcuWgfA_WPIcHdrTdkwTlfgbQ%3D%3D%26c%3DX5LWOSKbDs2gJYLGGdNnq9uPyIvruDp4Q-9X-xDMf1Fq4L7Ji6MjAA%3D%3D%26ch%3DxfH1wtUq-4G3gmTHr3OkF3P2C2ecstGF4CNAuYS5vMTjgWhhYrICOQ%3D%3D&data=04%7C01%7Cdanielle%40kscpa.org%7Cc3dc23b4074543f1245808d89c7d5090%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637431409325093495%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=scrsUW8ZF6gwSm8nnZY5RPT%2F9ai60hT7N2%2BpXflRk60%3D&reserved=0" target="_blank">Register here</a> - </strong>A leisurely stroll through plums, rosemary, and star anise. This class requires a bit more preparation than our core classes due to the delightful Fall Spiced Simple Syrup each participant will need to create, but it is well worth the light effort. So book a class while they're still available and awaken your Autumn spirit with these spirited Autumn cocktails: Bah Plumbug (Gin) - juicy plums + herbaceous muddlements + juniper, Sangria in Excelsis (Wine) - stone fruit + homely apples + liquorish, and Campfire Nights (Whiskey) - smokey herbs + cinnamon + a bite of Rye. BYOB, ingredients, and bar equipment.</p> <p><strong>Merry Morsels Recipe Exchange - <a href="https://exchange.kscpa.org/home" target="_blank">Ongoing via Exchange</a></strong><br />Share your favorite recipes and grab a few new ones to try. Feel free to embellish with any special meaning, memory, or funny story associated with the recipe. Pictures speak a thousand words, so please post a picture if you have one or if you attempt something posted.</p> <p><strong>Gingerbread House Snowdown - 12/15-Individuals, 12/17-Groups, 12/22-Top Ten, 12/23 Champion @ 3:30 pm - <a href="/events" target="_blank">Register here</a></strong><br />This will be a multi-bracketed competition. We will start with individuals wanting to participate on their own. Then we will move to groups. Firms, chapters, departments, KSCPA committees, any team you want to put together are eligible in this bracket. The top 5 from both brackets will move on to the Top Ten. The Grand Champion will be awarded at the KSCPA Holiday Happy Hour. Who will decide? Members of course! At 3:30 pm gingerbread houses for that heat will be presented and the voting will be open for 24 hrs. Winners will be announced at 3:30 pm before the next bracket begins showing their creations. Non-winners from the individual bracket may up their game and recruit some friends to re-enter the same gingerbread house in the group bracket.</p> <p><strong>Spread the Sparkle, Virtual Light Tour - Ongoing via social media, tag KSCPA</strong><br />Hop in the car with your family, friend(s), neighbor, parent(s), or sweetheart and take a drive to see the holiday lights. Don’t forget to take some video clips to share the spirit of the season on social media with KSCPA and your accounting peers. Heck, you can even spread the cheer to your entire social network if you want!</p> <p><strong>Elf-Yourself - <a href="https://exchange.kscpa.org/home" target="_blank">Ongoing via social media of your choice and/or Exchange</a></strong><br />Turn into an elf in a second! Download Elf Yourself via your phone app or online at <a href="http://www.elfyourself.com/">www.elfyourself.com</a> and start the best photo adventure in your life. This free photo editing software is perfect for celebrating the season, so if you want to have fun and make the best holiday photo montages, this camera sticker app is for you!</p> <p><strong>KSCPA Holiday Happy Hour -12/23 3:30 p.m. - <a href="/events/HOLHAP20/kscpa_holiday_happy_hour" target="_blank">Register here</a></strong><br />Join the virtual gathering to celebrate highlights of the KSCPA Winter Olympics, unveiling of the winning gingerbread house, and viewing of a video of compiled light tours.</p> Wed, 09 Dec 2020 12:00:00 EDT PPP Deductibility Coalition Letter https://www.kscpa.org/about/news/1003-ppp_deductibility_coalition_letter https://www.kscpa.org/about/news/1003-ppp_deductibility_coalition_letter <p>The Kansas Society of CPAs cosigned a letter by State CPA Societies from all 50 states and four territories as well as the AICPA urging Congressional leadership to take immediate action to include PPP loan expense deductibility in legislation that passes this year.</p> <p><a class="file pdf" href="/writable/files/2021/aicpa_state_soc_joint_letter_to_cong_lship_12.3.20_for_circulation.pdf" target="_blank">PPP Deductibility Coalition Letter</a></p> Thu, 03 Dec 2020 12:00:00 EDT Please ask Congress to allow PPP expense deductions for small businesses https://www.kscpa.org/about/news/1002-please_ask_congress_to_allow_ppp_expense_deductions https://www.kscpa.org/about/news/1002-please_ask_congress_to_allow_ppp_expense_deductions <p>In the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress intended for recipients of forgiven PPP loans to be able to deduct otherwise-deductible expenses associated with those loans for tax purposes.</p> <p>The IRS has contradicted congressional intent. It has declared that borrowers who expect their PPP loan to be forgiven cannot deduct those expenses on their federal tax returns.</p> <p><strong>Please consider telling your members of Congress to support small businesses by quickly passing S. 3612 and H.R. 6821, the Small Business Expense Protection Acts of 2020, or H.R.6754, the Protecting the Paycheck Protection Program Act.</strong></p> <p>This legislation will ensure that the receipt and forgiveness of coronavirus assistance through the PPP does not result in an unexpected and burdensome tax cost for organizations that complied with the terms of the PPP. Passing this legislation as soon as possible will allow small businesses more certainty as they focus on year-end business planning that is especially important in these challenging economic times. </p> <p><strong>To save time, you can copy and paste the draft email below. </strong><strong>Find your U.S. senators’ and representatives’ contact information at: </strong><strong><a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.congress.gov%2Fmembers%3FsearchResultViewType%3Dexpanded&data=04%7C01%7Cdanielle%40kscpa.org%7C9e349fd5055e428e4c5408d897a897de%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637426097653244985%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=R5hUncRIyah8qqmntBtWeOxYgM7Ra896Gf3XA043YkI%3D&reserved=0" target="_blank">Congress.gov</a></strong><strong>.</strong></p> <p>I am writing you today to strongly encourage you to include in any year-end, must-pass legislation language that will allow millions of small business owners a tax deduction for expenses paid with Paycheck Protection Program (PPP) forgiven loans.</p> <p>Bills have been introduced in the Senate (S.3612 sponsored by Senator Cornyn (R-TX)) and in the House (H.R. 6821 sponsored by Representative Holding (R-NC) or H.R. 6754 sponsored by Representative Fletcher (D-TX)) that would ensure that PPP loan recipients are provided the full benefits intended in the CARES Act.</p> <p>All Americans have been impacted by the COVID-19 pandemic, and your actions in Congress have provided much-needed assistance to millions of struggling businesses.</p> <p>It is important that you ensure that these same businesses are not also subject to additional and unexpected taxes as they continue to struggle to survive.</p> <p>Borrowers who are eligible for forgiveness of their PPP loans have spent the funds as the program directed. Unless they are allowed to deduct these expenses, they may be forced to spend additional funds to pay taxes on the loan proceeds – funds they may not have. Passing this legislation as quickly as possible will provide small business owners more certainty as they focus on year-end business planning that is especially important in these challenging economic times.</p> <p>I ask that you contact your Senate and House leaders to ensure that PPP loan forgiveness deductibility language is passed by Congress before the end of the year.</p> Thu, 03 Dec 2020 12:00:00 EDT 2020 Heartland Technology Conference https://www.kscpa.org/about/news/1001-2020_heartland_technology_conference https://www.kscpa.org/about/news/1001-2020_heartland_technology_conference <p><strong><a class="file pdf" href="/writable/files/2020/heartland_technology_conference_agenda.pdf">Heartland Technology Agenda</a></strong></p> <p><strong><a class="file pdf" href="/writable/files/2020/ks.pdf">Heartland Technology Schedule</a></strong></p> Tue, 01 Sep 2020 12:00:00 EDT KSCPA Letter to Kansas Congressional Delegation https://www.kscpa.org/about/news/999-kscpa_letter_to_kansas_congressional_delegation https://www.kscpa.org/about/news/999-kscpa_letter_to_kansas_congressional_delegation <p>The Kansas Society of CPAs sent the following letter with recommendations to our Kansas Congressional Delegation.</p> <hr align="left" size="1" width="100%" /> <p>On behalf of the Kansas Society of CPAs 2,500 members, we extend our appreciation for your leadership and responsiveness throughout this extraordinary time. Through it all, CPAs continue to support the U.S. economy and deliver essential services and objective advice to individuals and small businesses struggling with financial economic uncertainty. </p> <p>A number of our members and many of the small business clients they advise found a vital lifeline in the CARES Act relief funding allocated by Congress, along with other measures put in place to assist struggling businesses. As we move into mid-summer and the COVID-19 pandemic continues, small businesses face continued economic uncertainty and pressure.  Additional relief and support are desperately needed in many areas. We understand there is no easy fix to the complex issues we face, but we ask for your help in guiding federal assistance to help restore and create jobs and ask for your consideration and support of bills that will help alleviate financial strain and allow Kansas small businesses move forward in their recovery.</p> <p><strong>Support for 501(c)(6) organizations<br /></strong> Local trade and professional associations organized under section 501(c)(6) of the Internal Revenue Code are currently ineligible for assistance through the PPP. These organizations play a critical role in economic development, particularly during times of crisis. The KSCPA and other 501(c)(6) organizations have continued to support small businesses during this unprecedented time and have done this work without the benefit of federal aid offered to other 501(c) organizations. We ask Congress to reconsider its limitation to ensure ALL Section 501(c) organizations are included in crucial funding to combat COVID-19. Without this financial support, innumerable associations will fail.</p> <p><strong>S.4117, Paycheck Protection Small Business Forgiveness Act<br /> </strong>Eighty-six percent of PPP borrowers received loans of $150,000 and less, but these loans account for fewer than 27 percent of total PPP loan dollars. As the struggle to reopen our economy continues, please help ensure that the forgiveness process is easy, simple, and less technical for small business owners who are still trying to figure out how to survive the economic impact of the coronavirus shutdown by eliminating the unnecessarily complicated paperwork required by the SBA.</p> <p><strong>S.3612, Small Business Expense Protection Act of 2020<br /> </strong>In late April, the Internal Revenue Service released Notice 2020-32, which indicates that no tax deduction is allowed for an expense that is otherwise deductible if the payment of the expense results in forgiveness of a PPP covered loan. S. 3612 will remedy the IRS guidance and allow taxpayers to deduct covered expenses paid or incurred by an eligible recipient of a small business loan that is forgiven pursuant to section 1106(b)4 of the CARES Act.</p> <p><strong>S. 3995, Remote and Mobile Workforce Relief<br /></strong>Serious problems facing remote workers as a result of the pandemic have come to the forefront. Normally, they would be taxed on the resulting income by the state in which they work, but their remote work has opened up the possibility of having that income taxed by their state of residence as well.  This situation can create unexpected filing complications and possibly a higher tax bill. This bill would establish a 30-day threshold and uniform rules to help ensure that the appropriate amount of tax is paid to state and local jurisdictions without placing undue burdens on employees and their employers.</p> <p>Thank you for your work to guide the country through this economic recovery. The KSCPA appreciates your ongoing efforts. We respectfully ask for your support of funding and necessary regulatory changes to position our members and their thousands of small business clients for success as we begin to rebuild.</p> <hr align="left" size="1" width="100%" /> <p>See <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.kscpa.org%2Fabout%2Fnews%2F996-covid-19_updates_and_resources_for_kscpa_members&data=02%7C01%7Ckaren%40kscpa.org%7C05f12652ecd44effeba908d82f10062b%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637311093154990338&sdata=LOt74%2FpIz3Dq804TfUUrCbLeenL%2Fo7RC2K%2BwletV8QI%3D&reserved=0" target="_blank">KSCPA’s COVID-19 Resources</a></p> Thu, 23 Jul 2020 12:00:00 EDT June 15 Estimates Due Date Letter to KDOR https://www.kscpa.org/about/news/997-june_15_estimates_due_date_letter_to_kdor https://www.kscpa.org/about/news/997-june_15_estimates_due_date_letter_to_kdor <p><a class="file pdf" href="/writable/files/2020/june_15_estimates_due_date.pdf">June 15 Estimates Due Date Letter to KDOR</a></p> Tue, 02 Jun 2020 12:00:00 EDT COVID-19 Updates and Resources for KSCPA Members https://www.kscpa.org/about/news/996-covid-19_updates_and_resources_for_kscpa_members https://www.kscpa.org/about/news/996-covid-19_updates_and_resources_for_kscpa_members <h3><strong>KSCPA Updates</strong></h3> <p><strong>Online Peer Group (KSCPA Members Only): </strong>Chat online and address pressing questions with each other on this hot topic. Sign in to <em>Exchange</em>, then click Join Community: <a href="https://exchange.kscpa.org/communities/community-home?CommunityKey=5f77b4c6-3af7-4bcf-93ac-a7145cf33c20" target="_blank"><strong>PPP and COVID Relief Issues</strong></a>.</p> <p>The Kansas Society of CPAs <a href="/about/news/1003-ppp_deductibility_coalition_letter" target="_blank"><strong><span style="text-decoration: underline;">cosigned a letter</span></strong></a> urging Congressional leadership to take immediate action to include PPP loan expense deductibility in legislation that passes this year. (December 3, 2020)</p> <p><a href="/about/news/999-kscpa_letter_to_kansas_congressional_delegation" target="_blank">KSCPA MAKES RECOMMENDATIONS FOR THE NEW PHASE OF COVID-19 RELIEF LEGISLATION</a> (JULY 22, 2020)</p> <p><a class="file pdf" href="/writable/files/2020/return_to_the_office_toolkit_for_busines_leaders.pdf" target="_blank">RETURN TO THE OFFICE TOOLKIT FOR KANSAS BUSINESS LEADERS</a> (JULY 10, 2020)</p> <p><a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fexchange.kscpa.org%2Fblogs%2Famber-goering%2F2020%2F06%2F18%2Fsba-updates-first-ppp-interim-final-rule-following&data=02%7C01%7Ckaren%40kscpa.org%7C5d60935a3e904fb7052108d8190ece8b%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637286898666897131&sdata=KwSrzMiCD%2FTLCb40t2carxc%2F7QjZ7emxscnbBRd%2Fts4%3D&reserved=0" target="_blank">SBA UPDATES FIRST PPP INTERIM FINAL RULE FOLLOWING PPP FLEXIBILITY ACT</a> a KSCPA <em>Ignite</em> Blog (June 17, 2020)</p> <p><span style="text-decoration: underline;"><a href="/legislative_updates/233-legislative_update-emerging_issues_related_to">EMERGING ISSUES RELATED TO COVID-19</a></span> a KSCPA Legislative Update (4/2/2020)</p> <p><span style="text-decoration: underline;"><a href="https://exchange.kscpa.org/communities/community-home/digestviewer/viewthread?GroupId=7&MessageKey=93f16dd1-ac1d-400f-bfef-1f0e02420d76&CommunityKey=c2c66a71-d6b3-4d2e-b740-9285df37b51a&tab=digestviewer&ReturnUrl=%2fbrowse%2fallrecentposts">NEW RULES FOR FMLA AND SICK LEAVE</a></span> a KSCPA Virtual Expert Forum Q&A (3/30/2020)</p> <p><span style="text-decoration: underline;"><a href="https://exchange.kscpa.org/blogs/nick-spoltore1/2020/03/31/summary-of-cares-act-provisions">SUMMARY OF CARES ACT PROVISIONS</a></span> a KSCPA <em>Ignite</em> Blog (4/1/2020)</p> <p><span style="text-decoration: underline;"><a href="https://exchange.kscpa.org/communities/community-home/digestviewer/viewthread?GroupId=7&MessageKey=fbba8823-77cd-4b83-bff8-0b2c6d4b9b18&CommunityKey=c2c66a71-d6b3-4d2e-b740-9285df37b51a&tab=digestviewer&ReturnUrl=%2fbrowse%2fallrecentposts">CAUTION – HELPING CLIENTS WITH SBA LOAN APPLICATIONS</a></span> a KSCPA Exchange Post (3/24/2020)</p> <p><strong>Remote Work Success Factors:</strong></p> <ul> <li><a class="file pdf" href="/writable/files/AICPADocuments/essential-habits.pdf" target="_blank">Essential Habits for Working Remotely</a></li> <li><a class="file pdf" href="/writable/files/AICPADocuments/remote-team.pdf" target="_blank">Remote Team Building and Culture</a></li> </ul> <p>For information regarding upcoming CPE and virtual learning, visit <span style="text-decoration: underline;"><a href="/learning">https://www.kscpa.org/learning</a></span></p> <h3><strong>Kansas Updates</strong></h3> <p>At the request of KSCPA, KDOR has released <a href="https://www.ksrevenue.org/faqs-withholding.html" target="_blank"><strong>Frequently Asked Questions</strong></a> to guide businesses on payroll withholding for remote workers across state lines during the pandemic. KDOR has revised form K-4C for proper allocation of the time spent performing services in a particular location for Kansas withholding purposes. Also, the Kansas Department of Revenue will waive any applicable penalties for employers and employees associated with the under-withholding and underpayment of individual estimated tax for all employees required to work remotely due to the pandemic.</p> <p><a href="https://www.ksrevenue.org/taxnotices/notice21-01.pdf" target="_blank">Notice 21-01</a> Changes to Filing and Payment Dues Dates for Individual Income Tax, Fiduciary Income Tax and Homestead or Property Tax Relief Refund Claims (KDOR)</p> <p><a href="https://www.ksrevenue.org/taxnotices/notice20-02.pdf">Notice 20-02</a> Waiver of Penalty and Interest for Estimated Tax Payments for Individual and Corporate Income Taxes and Privilege Tax (KDOR)</p> <p><a href="https://www.ksrevenue.org/taxnotices/notice20-01.pdf">Notice 20-01</a> Changes to Filing and Payment Due Dates for Homestead or Property Tax Relief Refund Claims and Individual, Fiduciary and Corporate Income Tax, and Privilege Tax (KDOR)</p> <p>For the latest information on Coronavirus (COVID-19), go to <span style="text-decoration: underline;"><a href="https://govstatus.egov.com/coronavirus">https://govstatus.egov.com/coronavirus</a></span></p> <h3><strong>National/Federal Updates</strong></h3> <p><strong>COVID Relief Package Passes House & Senate</strong> - This <a href="https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html" target="_blank"><strong>Journal of Accountancy</strong></a> article does a nice job of breaking down the key provisions (December 22, 2020)</p> <p>For the latest information from the IRS to help taxpayers, businesses and others affected by the coronavirus go to <span style="text-decoration: underline;"><a href="https://www.irs.gov/coronavirus">https://www.irs.gov/coronavirus</a>.</span></p> <p><a href="https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf" target="_blank"><span style="text-decoration: underline;">STATE BY STATE TAX FILING RELIEF GUIDANCE</span> </a>(Source: AICPA)</p> <p><strong>Paycheck Protection Program (PPP) Resources (1/8/2021)</strong></p> <ul> <li>*Updated <a href="https://www.sba.gov/document/sba-form-2483-paycheck-protection-program-borrower-application-form" target="_blank">Form 2483 - Paycheck Protection Program Borrower Application Form</a> (1/8/2021)</li> <li>*New <a href="https://www.sba.gov/document/sba-form-2483-sd-ppp-second-draw-borrower-application-form" target="_blank">Form 2483-SD - PPP Second Draw Borrower Application Form</a> (1/8/2021)</li> <li><a href="https://www.irs.gov/pub/irs-drop/rr-21-02.pdf" target="_blank">IRS Revenue Ruling 2021-2 Addressing PPP Deductibility</a> (Source: IRS 1/6/2021)</li> <li><a href="https://home.treasury.gov/system/files/136/PPP-IFR-Paycheck-Protection-Program-as-Amended-by-Economic-Aid-Act.pdf" target="_blank">Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act</a> (Source: US Treasury and SBA 1/6/2021)</li> <li><a href="https://home.treasury.gov/system/files/136/PPP-IFR-Second-Draw-Loans.pdf" target="_blank">Interim Final Rule on Second Draw Loans</a> (Source: US Treasury and SBA 1/6/2021)</li> <li><a href="https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf" target="_blank">Frequently Asked Questions: Paycheck Protection Program Loans</a> (Source: US Treasury 12/9/2020)</li> <li><a href="https://www.aicpa.org/content/dam/aicpa/interestareas/privatecompaniespracticesection/downloadabledocuments/coronavirus-ppp-loan-forgiveness-services-matrix.pdf" target="_blank">PPP Loan Forgiveness Services Matrix</a> (Source: AICPA)</li> <li><a href="https://future.aicpa.org/resources/download/ppp-loan-forgiveness-calculator-excel" target="_blank">PPP Loan Forgiveness Calculator</a> (Source: AICPA 8/20/2020)</li> <li><a href="https://www.pppforgivenesstool.com/" target="_blank">PPP Loan Forgiveness Automation Tool</a> (Source: AICPA; CPA.com; bix2credit)</li> <li>Additional resources such as a weekly town hall series and more loan forgiveness resources. <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffuture.aicpa.org%2Fresources%2Ftoolkit%2Fpaycheck-protection-program-resources-for-cpas&data=02%7C01%7Ckaren%40kscpa.org%7C47fa8ce70a2f4cf40de008d812d615a1%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637280057977338773&sdata=OlDkxDWGSUdX8rSBUKBzW5UlRMymUzzwoefUANRe%2FzY%3D&reserved=0">SBA Paycheck Protection Program (PPP) resources for CPAs</a> (Source: AICPA 8/21/2020)</li> <li>Stay updated by visiting the SBA website - <a href="https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp"><span style="text-decoration: underline;">https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp</span></a></li> <li><span style="text-decoration: underline;"><a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.aicpa.org%2Fcontent%2Fdam%2Faicpa%2Finterestareas%2Ftax%2Fresources%2Fcares-act-stimulus-calculator.xlsx&data=02%7C01%7CNatasha%40kscpa.org%7Cc8af976053e74d264b4308d7d73e3355%7C9699e88400f34f0da62502bf95961173%7C0%7C1%7C637214534473267895&sdata=c2juRnWy2o7EB2L1sMwNcif6fcy1kB6HW%2BAaPMF3j0M%3D&reserved=0">CARES Act Stimulus Calculator</a></span> (Source: AICPA)</li> <li><strong>Letter Templates - Consolidated Approprations Act of 2021</strong><br />CAMICO, KSCPA's exclusively endorsed provider of professional liability and employment practices liability insurance, has developed the following risk management tools to help firms be prepared to provide information and services to their clients specific to the COVID-19 Relief Bill while proactively minimizing potential exposures:<br /><a href="https://www.camico.com/sites/default/files/EL_COVID-19_Relief_Act_Assistance_With_New_Round_of_PPP_Funding_January_2021-final.docx" target="_blank">Engagement Letter Template</a>: Assistance with New Round of PPP Funding under the Consolidated Appropriations Act of 2021<br /><a href="https://www.camico.com/sites/default/files/Business_Client_Notification_Letter_COVID-19_%20January_2021-final1.docx" target="_blank">Business Client Communication Letter</a>: Includes key highlights of the PPP-related provisions under the Consolidated Appropriations Act of 2021</li> <li><strong>Engagement Letter Templates - PPP Loan Forgiveness Assistance<br /></strong>CAMICO, KSCPA’s exclusively endorsed provider of professional liability and employment practices liability insurance, encourages firms who are assisting clients with PPP loan forgiveness to have an engagement letter in place that outlines the scope and limitations of the services being provided, as well as the client’s responsibilities under the terms of the engagement. CAMICO has developed the following two engagement letter templates for this purpose:<br /><a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.camico.com%2Fsites%2Fdefault%2Ffiles%2FEL-CARES-Act-Consulting-Services-Assistance-with-PPP-Loan-Forgiveness-rev%25206-22-2020-final.docx&data=02%7C01%7Ckaren%40kscpa.org%7C5d60935a3e904fb7052108d8190ece8b%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637286898666897131&sdata=VHW8n2POatM0FBOiGERWR11%2F6Lm8exUhyip1jX9QmyM%3D&reserved=0" target="_blank">Consulting Services: Assistance with PPP Loan Forgiveness</a><br /> <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.camico.com%2Fsites%2Fdefault%2Ffiles%2FEL-CARES-Act-Agreed-Upon-Procedures-PPP-Loan-Forgiveness-Services-rev%252006-22-2020-FINAL.docx&data=02%7C01%7Ckaren%40kscpa.org%7C5d60935a3e904fb7052108d8190ece8b%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637286898666907087&sdata=6diqdzzrNSqkUzcyVjSN6z3v0loiCVWcaPDH8ytXg5A%3D&reserved=0" target="_blank">Agreed-Upon Procedures: PPP Loan Forgiveness Calculations</a></li> </ul> Mon, 06 Apr 2020 12:00:00 EDT April 15 Estimates Due Date Letter to KDOR https://www.kscpa.org/about/news/994-april_15_estimates_due_date_letter_to_kdor https://www.kscpa.org/about/news/994-april_15_estimates_due_date_letter_to_kdor <p><a class="file pdf" href="/writable/files/2020/april_15_estimates_due_date.pdf">April 15 Estimates Due Date Letter to KDOR</a></p> Fri, 27 Mar 2020 12:00:00 EDT New Rules for FMLA and Paid Sick Leave https://www.kscpa.org/about/news/993-new_rules_for_fmla_and_paid_sick_leave https://www.kscpa.org/about/news/993-new_rules_for_fmla_and_paid_sick_leave <p><a class="file pdf" href="/writable/files/2020/coronavirus_ffcr_act_alert_3-20-20_.pdf">Coronavirus FFCR Act Alert</a></p> <p><a class="file pdf" href="/writable/files/2020/more_employee_benefit_coronavirus_issues_to_address_03-23-20_.pdf">More Employee Benefit Coronavirus Issues to Address</a></p> Mon, 23 Mar 2020 12:00:00 EDT Covid-19 Business Planing Guide https://www.kscpa.org/about/news/992-covid-19_business_planing_guide https://www.kscpa.org/about/news/992-covid-19_business_planing_guide <h2><a class="file pdf" href="/writable/files/2020/covid-19_business_planning.pdf">Covid-19 Business Planning Guide</a></h2> Fri, 13 Mar 2020 12:00:00 EDT Lead to the Future Regional Leadership Accelerator https://www.kscpa.org/about/news/991-lead_to_the_future_regional_leadership_accelerator https://www.kscpa.org/about/news/991-lead_to_the_future_regional_leadership_accelerator <p><img class="justified_center" style="display: block; margin-left: auto; margin-right: auto;" src="/writable/images/L2F/picture1.png" alt="L2F Regional" width="549" height="194" /></p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/L2F/are_you_ready_to_lead_.png" alt="L2F Regional Square" width="319" height="319" /></p> <p style="text-align: center;"><img class="justified_center" src="/writable/images/L2F/gscpa.png" alt="GSCPA" width="218" height="50" /><br /><img class="justified_center" src="/writable/images/L2F/il_logo.png" alt="ILCPA" width="226" height="54" /><br /><img class="justified_center" src="/writable/images/L2F/iscpa.png" alt="ISCPA" width="172" height="70" /><br /><img class="justified_center" style="font-size: 14px;" src="/writable/images/Logos/kscpa_logo.png" alt="kscpa" width="157" height="55" /><br /><img class="justified_center" src="/writable/images/L2F/mocpalogo_new.png" alt="MOCPA" width="177" height="75" /><br /><img class="justified_center" src="/writable/images/L2F/sdcpa.png" alt="SDCPA" width="243" height="66" /><br /><br /><a class="file pdf" href="/writable/files/2020/agenda_leadership_accelerator.pdf">Leadership Accelerator Agenda</a></p> Wed, 05 Feb 2020 12:00:00 EDT KSCPA Legislative Podcasts 2020 https://www.kscpa.org/about/news/990-kscpa_legislative_podcasts_2020 https://www.kscpa.org/about/news/990-kscpa_legislative_podcasts_2020 <p>KSCPA Legislative Updates are now available as podcasts!</p> <h3>May 26, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/828628870&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <div style="font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;"><a style="color: #cccccc; text-decoration: none;" title="Kansas Society of CPAs" href="https://soundcloud.com/user-847199761" target="_blank"> </a></div> <h3>April 2, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/789512644&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3> </h3> <h3>March 23, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/781861789&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>March 16, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/777264595&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>March 9, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/773240641&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>March 2, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/769743268&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>February 24, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/766020025&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>February 17, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/762322534&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>February 10, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/758419228&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>February 3, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/754533277&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>January 27, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/750559294&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="100%" height="166" frameborder="no"></iframe></p> <h3>January 20, 2020</h3> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/746602522&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true" width="568" height="164" frameborder="no"></iframe></p> Mon, 20 Jan 2020 12:00:00 EDT Long-Time Business Professor Retires https://www.kscpa.org/about/news/989-long-time_business_professor_retires https://www.kscpa.org/about/news/989-long-time_business_professor_retires <p style="text-align: left;">Anyone who visited Professor Dave O’Dell’s office in the basement of Melhorn Science Hall would certainly notice the number of plaques covering the walls and on closer look would discover a career, spanning 40 years, devoted to McPherson College, his students, and the community. O’Dell, a long-time professor of accounting, retired at the end of the 2019 fall semester. While packing up his office, he had the opportunity to reflect on a career that he described as “blessed.”</p> <p>In a book he was clearing from a shelf titled “Seven Laws of the Learner,” O’Dell pointed to a line in it with the note “epitaph?” written in the margin.</p> <p>“Right here, it says ‘See how he loved his students.’ It’s where I may have failed at times but when I did succeed, those are the meaningful times,” he said. “I’ve developed some good relationships over the years. Some of my best friends are former students.”</p> <p>O’Dell’s career at McPherson College began shortly after he began his own career in public accounting. The college had contacted his boss for leads on filling a part-time professor opening in business and accounting.</p> <p>“He recommended me,” O’Dell said. “I was extremely surprised. At the time, I thought ‘I’m not a teacher’ but the students liked me, and I discovered that I had something to share.”</p> <p>He began teaching part-time for two years and then full-time. He points to a box on the floor that is overflowing with books and papers and explains it is his “humor box.” Shortly after he started teaching full-time is when the puns began.</p> <p>“Accounting is not the most interesting subject in the world,” he said. “Sometimes you just have to take a break, and I think humor is a good way to relieve stress.”</p> <p>Four to five former students and a good friend help keep the supply of puns replenished, but most of them are originals from O’Dell.</p> <p>“The best puns are the ones just off the cuff,” he said. “Once they start, they just keep coming. People ask me how I keep it going and I have no clue.”</p> <p>Although O’Dell will be remembered by students for his puns, he will be remembered by many others for his service to the college and community.</p> <p>On one wall of his office hang the service awards he has received from McPherson College and on another his Professor of the Year award and his Citation of Merit award for outstanding alumni. He has been recognized for his service on a variety of boards including the McPherson Chamber of Commerce, McPherson Hospital, Kansas Society of CPAs, and honored by the Small Business Administration as an accounting advocate in the Wichita district and by the Kansas Business Educators Association as the post-secondary business educator of the year.</p> <p>He is also extremely dedicated to economic development and is the longest-serving member of the South Central Kansas Economic Development District. Since 1985, he has assisted more than 300 small businesses get started in the McPherson area.</p> <p>“I may be a CPA but entrepreneurship is what I love,” he said. “I was raised in a small business and learned about payroll and cash flow over dinner when my parents were talking about the family business. It was a way of life.”</p> <p>In retirement, O’Dell plans to continue his work with economic development and accounting work during tax season but also plans to take time for coffee with friends and to travel with his wife.</p> <p> <img src="/writable/images/News/mcpherson.jpg" alt="Dave ODell" width="492" height="328" /><br /><strong>PHOTO ID: Professor Dave O’Dell leads a class at McPherson College</strong></p> <p><strong>ABOUT McPHERSON COLLEGE<br /></strong>McPherson College is committed to its mission “To develop whole persons through scholarship, participation, and service,” in a career-focused liberal arts environment. It’s been recognized nationally by US News & World Report, Money Magazine, and the Chronicle of Higher Education’s “Great Colleges to Work For.” Its Automotive Restoration program is the first four-year degree program of its kind and awarded the prestigious industry supporter of the year by International Historic Motoring. Learn about all of its programs at <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.mcpherson.edu&data=02%7C01%7Cdanielle%40kscpa.org%7C130ac69a8344425868ff08d7955e084d%7C9699e88400f34f0da62502bf95961173%7C0%7C0%7C637142103759283185&sdata=SbqvR20j%2BhXDfZy7SEPuIOK6ZGt1l%2BB%2Fx%2BiqQpTslZw%3D&reserved=0">www.mcpherson.edu</a>.</p> <p><em>Published with Permission</em></p> Fri, 10 Jan 2020 12:00:00 EDT A Fiscal Reality: Kansas Society of CPAs and AICPA Support the Fiscal State of the Nation Resolution https://www.kscpa.org/about/news/987-a_fiscal_reality_kansas_society_of_cpas_and_aicpa https://www.kscpa.org/about/news/987-a_fiscal_reality_kansas_society_of_cpas_and_aicpa <p>The U.S. government’s balance sheet indicates that, over time, the nation has an accumulated deficit (from annual shortfalls) of $21.5 trillion [1]. To put that in perspective, if you made a stack of 21.5 trillion $1 bills, you would be able to go to the moon and back more than three times.</p> <p>Recently, Representatives Kathleen Rice (D-N.Y.) and Andy Barr (R-K.Y.) introduced the <em>Fiscal State of the Nation</em> resolution, H. Con. Res. 68, with 103 additional co-sponsors. It provides “for a joint hearing of the Committees on the Budget of the House of Representatives and the Senate to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the executive branch.” The resolution ensures that members of Congress are made aware of the information in the federal financial statements and helps them to better understand how current and/or future policy may affect the nation’s long-term fiscal health.</p> <p>“We thank Representatives Rice, Barr and the more than 100 other members who signed on to this important resolution,” said Natasha Schamberger, Kansas Society of CPAs CEO. “Their leadership will help ensure that key policymakers are focused on some of the most important aspects of the consolidated financial statements, including financial and stability measures. The Kansas Society of CPAs is encouraging each Kansas Member of the U.S. House to also support this resolution by becoming a co-signer.”</p> <p>AICPA also supports the<em> Fiscal State of the Nation</em> resolution. The profession believes that the consolidated federal financial statements and the Government Accountability Office (GAO)’s audit report provide valuable information on the financial condition of the federal government, and that policymakers should consider this information while making key decisions.</p> <hr align="left" size="1" width="33%" /> <div id="ftn1"> <p><span>[1]</span> As of September 30, 2018.</p> </div> Fri, 08 Nov 2019 12:00:00 EDT 2019 Private College Accounting Career Consortium https://www.kscpa.org/about/news/985-2019_private_college_accounting_career_consortium https://www.kscpa.org/about/news/985-2019_private_college_accounting_career_consortium <p><a class="file pdf" href="/writable/files/2019/2019_private_college_accounting_career_consortium_-_employer_invite.pdf">Employer Invite</a></p> <p><a class="file pdf" href="/writable/files/2019/2019_private_college_accounting_career_consortium_-_educator_invite.pdf">Educator Invite</a></p> <p><a class="file pdf" href="/writable/files/2019/2019_private_college_accounting_career_consortium_campus_flyer.pdf">Campus Flyer</a></p> Thu, 15 Aug 2019 12:00:00 EDT LEAD TO THE FUTURE https://www.kscpa.org/about/news/983-lead_to_the_future https://www.kscpa.org/about/news/983-lead_to_the_future <p><a class="file pdf" href="/writable/files/2019/lead_to_the_future_application_fillable_form.pdf">LEAD TO THE FUTURE Application</a></p> <p><a class="file pdf" href="/writable/files/2019/lead_to_the_future_waves.pdf">L2F Waves</a></p> Wed, 08 May 2019 12:00:00 EDT KSCPA Membership Benefits https://www.kscpa.org/about/news/980-kscpa_membership_benefits https://www.kscpa.org/about/news/980-kscpa_membership_benefits <p><a class="file pdf" href="/writable/files/2019/top_kscpa_member_benefits.pdf">KSCPA Top Member Benefits</a></p> Mon, 29 Apr 2019 12:00:00 EDT 2019 Conference Schedules https://www.kscpa.org/about/news/979-2019_conference_schedules https://www.kscpa.org/about/news/979-2019_conference_schedules <h3><a class="file pdf" href="/writable/files/2019/kscpa_agricultural_taxation_workshop.pdf">Agricultural Taxation Workshop - May 7, 2019 - Salina<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/footgolf_t-shirt_sizing_chart.pdf">Footgolf Sizing Chart<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/skc_2019_flyer.pdf">Metro Sporting KC Flyer<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/gnpaa_schedule_of_events.pdf">Governmental Nonprofit A&A - June 4-5, 2019 - Wichita<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/2019_bi_agenda.pdf">Business & Industry Conference - June 20, 2019<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/2019_conference_on_kansas_taxes_agenda_updated.pdf">Conference on Kansas Taxes - June 25, 2019<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/bv_schedule.pdf">Business Valuation - October 18, 2019<br /><br /></a></h3> <h3><a class="file pdf" href="/writable/files/2019/kscpa_69th_annual_tax_schedule.pdf">69th Annual Kansas Tax Conference - November 12-13, 2019</a></h3> <h3><br /><a class="file pdf" href="/writable/files/2019/agenda.pdf">Heartland Technology Conference - December 2-3, 2019</a></h3> Tue, 01 Jan 2019 12:00:00 EDT Sponsor Logos https://www.kscpa.org/about/news/977-sponsor_logos https://www.kscpa.org/about/news/977-sponsor_logos <p><img src="/writable/images/Logos/SponsorLogos/abbb.png" alt="ABBB" width="238" height="155" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/bkd_cpa_clr_nollp.png" alt="BKD" width="267" height="167" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/deloitte.png" alt="Deloitte" width="434" height="86" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/grant_thornton.png" alt="GT logo" width="452" height="84" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/kcoe.png" alt="KCoe" width="446" height="131" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/pwc.gif" alt="pwc" width="280" height="213" /></p> <p> </p> <p><img src="/writable/images/Logos/SponsorLogos/sjhlogo.png" alt="SJHL" width="299" height="150" /></p> <p><img src="/writable/images/Logos/SponsorLogos/kscpa_educational_foundation_logo.png" alt="KSCPA ED" width="355" height="155" /></p> <p><img src="/writable/images/Logos/SponsorLogos/agh_cropped.png" alt="AGH" width="356" height="163" /></p> <p><img src="/writable/images/Logos/SponsorLogos/ssc_cpa_pa_logo.png" alt="SS&C" width="415" height="118" /></p> <p> </p> <p><img src="/writable/images/Logos/fei-kc-logo_color_horizontal1.png" alt="FEI" /></p> <p><img src="/writable/images/ProfessionalDevelopment/b3_kccpa_30_days_1_.png" alt="Amy Vetter - 30 Days" /></p> <p> </p> <p> </p> Tue, 01 Jan 2019 12:00:00 EDT Chapter Images https://www.kscpa.org/about/news/988-chapter_images https://www.kscpa.org/about/news/988-chapter_images <p><img src="/writable/images/Chapters/772178.png" alt="Bowling Clipart" width="472" height="313" /></p> Wed, 14 Nov 2018 12:00:00 EDT Edward Jones Event https://www.kscpa.org/about/news/973-edward_jones_event https://www.kscpa.org/about/news/973-edward_jones_event <p><img src="/writable/images/ProfessionalDevelopment/websiteheader_header_image_v2.jpg" alt="Edward Jones Image" width="208" height="154" /></p> Sun, 01 Apr 2018 12:00:00 EDT