The Ledger gwscpa logo
GWSCPA E-news
 
 
November 2009 
volume 1, issue 10
In This Issue
What's new at GWSCPA?
Upcoming events
Legislative/Regulatory Update
The Profession
Member News
Quick Links
 
 
Join Our Mailing List
 
 
 
 The Ledger is sponsored by
 
Accountants International 
 
Accountants International 

FY10 Board of Governors
 
 
***
 
John D. Griffin, CPA
President
AARP
 
 
Daniel Black, CPA President-Elect 
Daniel Black & Assoc.
 
 
Stanley Berman, CPA
 Vice-President
Global Impact
 
 
Abdool Akhran, CPA
Treasurer
Bert Smith & Co.
 
 Hillary Coley, CPA
Secretary
Trout Unlimited
 
Patricia A. O'Malley, CPA
Immediate Past President
Rubino & McGeehin, Chartered 
 
 
***
 
 
Christine Colburn, CPA
Payroll Network 
 
 
Kenneth Emson, CPA
Community Foundation for the National Capital Region 
 
 
Brenda Hargett, CPA
American Petroleum Institute 
 
 
Malcolm Karl, CAE 
Eagle Bank 
 
 
Daniel Kovlak, CPA
KPMG LLP 
 
 
Andrew Lang, CPA
LangCPA Consulting, LLC 
 
 
Mark Lobel, CPA
 Quinn, Lobel & Assoc., P. C. 
 
 
Sue Marcum, CPA
American University
 
 
R. Michael Sorrels, CPA
BDO Seidman 
 
Patricia Wensel, CPA
USDA, retired 
 
 
Jacqueline Bryant, CPA
Tate & Tryon CPAs
 

Joseph S. Drew, Ph.D.
 

William Eisig, CPA
BDO Seidman
 

Daniel  Lynch
KForce Professional Staffing
 
Uzma Malik-Dorman,CPA
Thompson Cobb Bazilio
 

John Wooldridge, CPA
Larson Allen LLP
 
 
Dear  Friends ,  
 
With budgets tight, now is the time to think about moving to Firm/Organizational Membership. Through Firm Membership, each of your staff becomes a full fledged member of the GWSCPA and your firm gets added benefits as well. If you are already paying for GWSCPA membership for some staff, you may find that you can actually save money and offer everyone an outstanding employee benefit through a Firm/Organizational Membership!
 
Participation on a firm or organization level provides each of the professionals on your staff with education, networking and business opportunities at a substantially reduced cost over individual membership. And when your professional team members take advantage of GWSCPA's programs, the member discounts and other benefits more than pay for their annual membership dues. 
 
 Firm Membership Rates for FY2010
All Firm Members pay an initial fee of $395 and each accounting staff person is included at $100 per employee.

(Firm Memberships are capped at $8500 no matter how many staff are included. )
 
Firm Member Benefits
·         One simple annual dues payment, based on your firm's size, allows all firm accounting professionals to join the GWSCPA.
o    Each employee joins in his or her own membership category and will receive an individual   Membership Certificate with their member number and access to the full range of GWSCPA member benefits.
o    New employees can be added any time during the year - included in this year's annual fee.
o    Membership is open to both CPA and non-CPA accounting professionals.
·         Firm Member staff receive a 20% or more discount on CPE and other events from GWSCPA's programs, as well as reciprocal discounts with our neighboring CPA Societies.
·         Firm Members are listed in our online referral service and will be featured even more prominently on our soon-to-be re-designed website.
 
If interested, just give us a call-and please join us in welcoming those  Firms/Organizations that have already committed this year!

AARP
Beers + Cutler
Bert Smith & Co
Bish & Haffey, PC
Councilor, Buchanan & Mitchell, P.C.
Daniel Black and Associates
Denburg & Low, P.A.
Drolet & Associates PLLC
Eagle Bank
Ellin and Tucker, Chartered
Gelman, Rosenberg & Freedman
Haggerty & Associates
Halt, Buzas & Powell, Ltd
The Heritage Foundation
Hoffman CFO Consulting
Johnson Lambert & Co.
Kearney & Co.
Kronzek, Fischer & Lopez, PLLC
LarsonAllen LLP
McQuade Brennan
National Geographic
Payroll Network
Regardie, Brooks & Lewis, Chtd.
Reid Consulting
Rubino & McGeehin
Strack & Standfield
Thompson Cobb Bazilio
WETA
 
 Remember, the greatest asset of any firm is its staff, and one of the greatest assets to your professionals is the GWSCPA. 
 
Kari Bedell
Executive Director
GWSCPA
202-464-6001

What's new at GWSCPA

Connect with us on Linked In
We encourage you to join us on LinkedIn at http://www.linkedin.com/groups?about=&gid=884127&trk=anet_ug_grppro .  
 
Through our LinkedIn page you will be able to connect with members throughout the GWSCPA network.  For any questions, please contact Brian at bcalvary@gwscpa.org 

2010 CPE
GWSCPA staff and our CPE Advisory Committee are getting ready to finalize our 2010 CPE calendar and we want to hear from you! One of the most valuable benefits that you will find at the GWSCPA is our responsiveness to our members. If you have specific technical topics you'd like to learn more about, or if you have ideas for CPE courses you are not finding anywhere else-let us know. We build our calendar around member needs but you have to tell us what you want.
 
We will also be looking for CPE speakers, so if you have an area of expertise to share, tell us about it.
 
Email any cpe ideas to Brian Calvary, Education and Membership Coordinator at bcalvary@gwscpa.org
 
 
Upcoming events
 
 
CFO Roundtable November Meeting
The first meeting of this GWSCPA-partnered event was a resounding success, with 30+ CFOs in attendance to share issues and ideas with their peers.  The next meeting will take place on November 11 at Congressional Country Club in Bethesda from 7:30 AM-9:00AM.  
 
Speaker : Dr. Anthony Sanders, George Mason University 
Topic: Corporate Growth Strategy- The Continued Role Real Estate Plays in Shaping Corporate Strategies
 
If you are a CFO interested in attending as  GWSCPA member/guest, email Kari at kbedell@gwscpa.org
 
 
_____________________________________________________
 
Regular Committee meetings
 
(Please rsvp so we can plan for refreshments and space) 
  

YEA-Young and Emerging Accountants
November 5, 6:30 PM -McLean VA
Upcoming Events Planning Meeting 
 
 
NEW -Government Contracting Committee!
Friday November 20th-12-1:30 PM (lunch provided)
McLean,VA
 
 
Government Auditing and Accounting Committee
Thursday, December 3 - 12:00 PM
Lunch and CPE speaker: Jennifer Main, CFO, TARP                                                                                       
Not-for-Profit Committee
January 26, 2010, 8:30 AM
Breakfast and CPE speaker: Not for Profit Tax Update
rsvp to lklumpp@bdo.com  
 
Legislative/Regulatory Update
 
Red Flag Rules delayed until June 1, 2010

On October 30, the Federal Trade Commission announced it was delaying enforcement of its "Red Flags" Rule until June 1, 2010, for financial institutions and creditors subject to the FTC. 
 
The action was in response to a request from Congress, which was encouraged to pursue the delay by numerous organizations, including GWSCPA and the AICPA. The AICPA is continuing to seek an exemption for CPAs and CPA firms before the rule takes effect next year.
 
Enforcement of the rule was scheduled to have become effective on Sunday, November 1.
 
 
New York Tax Preparer Registration
 
The state of New York has passed legislation requiring all tax preparers filing   New York tax returns in the state to register with the Department of Taxation. Additionally, those filing a certain number of returns must pay a $100 fee. As passed, the legislation exempts New York CPAs, but not out-of-state licensees and is set to go into effect December 31, 2009.  There are efforts underway to exempt out-of-state CPAs and their staff. In the meantime, find out details at the New York State Dept. of Taxation website.  
 
The Profession

Global Accounting Alliance (GAA)
The October issue of GAA Accounting is now available online. The lead article in this digital issue is the Journal of Accountancy's coverage of the International Accounting Standards Board's October 6 roundtable in New York on the IASB's constitution. Field testing of proposed international standards was one of the topics discussed. You will also find some interesting podcasts from the July 17th roundtable in New York.  Keep up with the latest in International Accounting by visting theGAA site.
 
GAA participating bodies incude:
 
American Institute of Certified Public Accountants (AICPA)

Canadian Institute of Chartered Accountants (CICA)

Hong Kong Institute of Certified Public Accountants (HKICPA
)

The Institute of Chartered Accountants in Australia (ICAA)

Institute of Chartered Accountants in England and Wales (ICAEW)

Institute of Chartered Accountants in Ireland (ICAI)

New Zealand Institute of Chartered Accountants (NZICA)

South African Institute of Chartered Accountants (SAICA)
Member News
 
Alex Galeano honored as Young Hispanic Corporate Acheiver
 
The Hispanic Association on Corporate Responsibility (HACR) - a coalition of the nation's most respected community-based organizations - honored 26 professionals at the 2009 HACR Young Hispanic Corporate Achievers™ (YHCA) Program. The awards reception was held recenltly at the St. Regis Hotel in Washington, DC.
 
The candidates came from around the country and were between 25-40 years of age, of Hispanic heritage and employed by a Fortune 500 or HACR corporate member company. Among this year's awardees was our own Alex Galeano of AARP. You may know Alex from his work as a founding member of our YEA Committee.  
________________________________________________________
 

Payroll Network Chief Executive Officer Charlie Wolf II Named President of Independent Payroll Providers Association
 

Charlie Wolf II, president and chief executive officer ofPayroll Network (www.payrollnetwork.com), a leading independently-owned payroll management company that provides payroll processing and HR services to companies in the Washington, D.C. region, has been named president of the Independent Payroll Providers Association (IPPA). IPPA is a leading nationwide trade association made up of privately held companies whose primary function is the preparation of payroll and payroll taxes for employers of all sizes.
 
Charlie is a longtime GWSCPA member and Payroll network is among our growing numbers of Firm/Organizational Members.


Promotions
 
Billy Thomas, the GWSCPA YEA Committee Chair,  has been named Senior in Bond Beebe's Tax Department. 
 
For future issues, if you have a topic you'd like to see highlighted, or have an idea for a feature article you'd like to contribute, let us know.