FY11 Board of Governors
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Daniel Black, CPA President
Daniel Black & Assoc.
Stanley Berman, CPA
Vice-President
Global Impact
Abdool Akhran, CPA
Treasurer
Bert Smith & Co.
Hillary Coley, CPA
Secretary
Trout Unlimited
John D. Griffin, CPA
Immediate Past President
AARP
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Kenneth Emson, CPA
Community Foundation for the National Capital Region
Brenda Hargett, CPA
American Academy of Otolaryngology
Malcolm Karl, CAE
National Association of College Stores
Jacqueline Bryant, CPA
Tate & Tryon CPAs
Joseph S. Drew, Ph.D.
University of Virginia
William Eisig, CPA
BDO Seidman
Daniel Lynch
KForce Professional Staffing
Uzma Malik-Dorman,CPA
Thompson Cobb Bazilio
John Wooldridge, CPA
Larson Allen LLP
Colleen Smith, CPA
National Geographic Society
Jenny Herrera, CPA
Rubino & McGeehin, Chtd
Deborah Nixon, CPA
Ernst & Young LLP |
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Another summer seems to be flying by here in our very hot and humid Nationa's Capital. Activity is still humming along here at the GWSCPA, with August Staff Training's nearly every day and planning for our fall events. We hope that you have had the opportuntity to enjoy some much needed vacation though--or that you have one coming up soon!
When you do find yourself with some downtime this month, be sure to take a few minutes to update your Find A CPA profile on our all new website, if you haven't already done so. This new resource is available to Members-Only, but you must opt-in to be included. You can list your areas of expertise, contact info, even your photo! This section of our new website is the primary source for the DC area public to find a CPA suited to their specific needs.
In the coming weeks, the GWSCPA is going to be marketing this section of the site heavily and doing a lot of community outreach--so you will want to be sure you are listed! We want our members to succeed in all they do, and we're working to help you in every way we can.
The site is built to be user-friendly, but if you run into any difficulty, just call us. We'll gladly walk you through the process or help you change your information.
Enjoy the rest of your summer and we'll see you soon!
Sincerely,
Kari Bedell
Executive Director
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What's new at GWSCPA
GWSCPA Joins Facebook
To better serve our members we try to be everywhere you are. Whether it be Facebook, Linked-In or Twitter, being able to communicate with our members is a priority.
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| Upcoming events
Ethics -Take Care of Your Required CPE in September!
This will be your last chance to fulfill your Ethics Requirement at the GWSCPA offices in 2010
September 17, 2010. You can take 2 or 4 hourse depending on your need.
*You must Register for Both Sessions to attend for 4 hours* The CPE Section of our website has just been updated with all the scheduled upcoming classes between now and the end of the year. Be sure to take a look and register. If you have suggestions for a course, don't hesitate to email Brian.
The 22nd NFPO Symposium ---Registration is NOW OPEN!
The best-of-it's-kind GWSCPA Not For Profit Organizations Symposium will be held December 13 & 14, 2010 at the Mayflower Hotel. Check out the all the program details and register HERE. Be sure to secure your place now-last year we SOLD OUT!
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GWSCPA, MACPA & VSCPA join forces as the Mid-Atlantic Collaborative to present....
The International Business Forum
October 4, 2010
Mayflower Hotel * Washington, DC
An amazing lineup of speakers includes the founding chairman of XBRL International, the senior director of financial accounting and reporting at Microsoft, the program director for Standard Business Reporting (SBR) in the Australian Treasury and more.
Make valuable relationships at several networking opportunities during the event nad get in 8 hourse of CPE. Register at www.cpacollaborative.com
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September 17, 2010 9AM-12 PM Univ. of Fairfax- Vienna, VA This FREE seminar, designed to cover basic financial health to small and new nonprofits, is brought to you by the Virginia Society of CPAs (VSCPA) and supported by the GWSCPA. Plus, be sure to check out the GWSCPA'sNonprofit Accounting Basics website, a resource to help smaller nonprofit organizations to produce accurate records and reports, encourage and measure accountability, and successfully manage their sustainability. |
AICPA and AAA Announce Pathways Commission on the Future of Accounting
The AICPA and the American Accounting Association (AAA) announced yesterday they have formed the Pathways Commission to research and plan the future of the accounting profession. The Commission is made up of experts involved in the training, education, employment, regulation and certification of accountants and will assess and address the challenges educators face when teaching and training students-potential and current accounting professionals-over their lifetime. To find out more, visit www.pathwayscommission.org.
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| Regulatory and Legislative News
Financial Regulatory Reform Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010. Several issues of concern to CPAs, such as protections to maintain the Financial Accounting Standard Board's independence and a provision to ensure permanent funding for the Governmental Accounting Standards Board, and resisted duplicative and unnecessary regulation by the new Consumer Financial Protection Bureau for CPAs' usual and customary activities. Learn more about this historic act in the Journal of Accountancy.
DC Launches New Tax Amnesty Program
Now through September 30, 2010, delinquent taxpayers in the District will get a rare opportunity to pay outstanding taxes and interest to the District of Columbia, have their penalties and fees waived, and avoid criminal prosecution. The Tax Amnesty Program has a dedicated website, to help tax delinquents expedite payment and resolve their tax liabilities.
IRS offering Non-Profits a Chance to Save Status
Many small not-for-profit organizations are at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009. The IRS is offering these organizations a chance keep their status by filing returns by Oct. 15, 2010, under a one-time relief program offered by the Internal Revenue Service. Accountingweb.com has details on how these non-profits can file.
IRS Announces Fees for PTIN
The Internal Revenue Service (IRS) has proposed charging an annual fee of $50 to issue or renew a required Preparer Tax Identification Number (PTIN). This is another step in the IRS' plan to regulate all tax preparers by the next filing season. PTIN applications and renewals would be handled by a third-party vendor, who could also charge a fee on top of the IRS fee. No vendor or fee amount has been announced to date.
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Member News
Bert T. Edwards, CPA, CGFM, Executive Director, office of Historical Trust Accounting, U.S. Department of the Interior received the AGA Achievement of the Year Award from the Association of Government Accountants (AGA).
Councilor, Buchanan and Mitchell, P.C. (CBM) is pleased to announce the promotion of Nicole A. Luna, CPA, to Audit Senior-In-Charge; and Russell (Rusty) Conelley, CPA and Michael (Mike) Soule to Audit Seniors effective July 1, 2010.
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If you have member news, email us by the first of the month.
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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.
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