The Ledger 
 FINAL 2010 SOCIETY LOGO
GWSCPA E-newsletter   
November 2010
   
volume 2, issue 11
In This Issue
What's new at GWSCPA?
Upcoming events
The Profession
Regulatory and Legislative News
Member News
Quick Links
 
 
Join Our Mailing List
 
 
 
 

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


***


Christine Colburn, CPA
Payroll Network 


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


Andrew Lang, CPA
LangCPA Consulting, LLC 


R. Michael Sorrells, CPA
BDO Seidman 
  

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


Dear Friends,

 

Another year has almost come and gone, and we see firsthand how hard our members work all year. So we hope you will join us-and reward yourself- at a festive event with your friends and colleagues before the year ends. One of the priorities our current president, Dan Black, established this year was to offer more social events for our members to celebrate the profession and network outside of the typical everyday setting.

 

As such, we are very excited to invite you all to our First Annual Winter Reception. This event will take place at the spectacular US Botanic Garden Conservatory on December 1st.  Having been to an evening event in this exclusive venue before, I can tell you it is a unique experience to ascend the Jungle Room catwalk beneath the stars and to have the opportunity to enjoy all the wonderful exhibits-including the amazing Holiday Train Room-without throngs of tourists squeezing past you.

 

It is going to be a night to remember, but space is limited so be sure to secure your tickets today .  This event is open to GWSCPA members and guests, so tell a friend.  

 

See you then,

Kari

 

What's new at GWSCPA  
 
Call for Speakers for 2011 Government Contracting Conference
The Gov Con Committee has announced a Call for Speakers for the June 2011 GWSCPA 7th Annual Government Contracting Conference. Find all the details here:Call for Speakers-Gov Con
Deadline for submissions is Nov. 15, 2010.

Monthly Committee Spotlight
One of the newest Committees to the GWSCPA is the Tax Committee.  Though they haven't been around that long, they've already been hard at work preparing some great and unique CPE Offerings through their Committee Meetings.  In addition to the Small Business Jobs Act Q&A on November 18, they've also got events coming up on topics such as: IRS Tax Update, International Tax Issues for Expatriots in the winter and a Tax Season Debrief and Tri-State Tax Panel in the Spring.  The Tax Committee has hit the ground running, and their meetings are sure to be full of information everyone can use.

GWSCPA Quick Poll
Is the upcoming Efiling of 1040s a concern of yours?

Last Months Poll
If the GWSCPA were to add a new committee, which of these committees would you be likely to join?

Our top two categories were:
43% of respondents would be likely to join an Estate Planning Committee
29% of respondents would be likely to join a Technology Committee


Find us on Facebook  View our profile on LinkedIn Follow us on Twitter


 

Upcoming events


2010 Symposium

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 video from last year's event and all the program details and register HERE.   Be sure to secure your place now-LESS THAN 50 SPOTS LEFT!!!
There are some remaining opportunities for Sponsorship and Program Book advertising. If interested, contact Kari Bedell at 202-464-6001 or kbedell@gwscpa.org.  

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Tax Committee Meeting

11/18/2010

Topic: Small Business Jobs Act Update 2010 Tax Committee Q and A with the SBA

Speaker: Bridget Bean, District Director of the Washington Metropolitan District Office for the U.S. Small Business Administration

Location: M&T Bank 1350 I Street NW Suite 200 Washington, DC 20005

Register


 Government Contracting Committee Meeting 

11/19/2010

Topic: The Shift to Fixed Price Contracts and Strategies for Success

Speaker: Michael Smigocki, CPA, Senior Managing Director of Federal Strategies Group, LLC

Location: Tower Club 8000 Towers Crescent Drive Vienna, VA 22182

Register


GWSCPA Winter Reception

12/1/2010

Location: U.S. Botanic Garden Conservatory

Register


Government Auditing and Accounting Committee Meeting

12/2/2010
Topic: Current Issues in Accounting and Auditing in the Public Sector
Speaker: Bob Dacey, Chief Accountant, GAO
Location: KPMG LLP 2001 M St., NW 9th Floor Washington, DC 20036
Register
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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.
 
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Other Events

11/19/2010
What's Driving Medical Practice Value in 2010?
Speaker:
Mark Dietrich, CPA, ABV, CPA.NET
Location: 6751 Columbia Gateway Dr Columbia, MD 21046
For More Information and Registration, check here.

12/6/2010
Mergers, Alliances, Affiliations and Acquisitions for Non-Profit Organizations: Financial and Legal Issues
Presented by Venable LLP, BDO, RCP and the GWSCPA
Moderator:
Fred Leamnson, CFP, First Vice President, Financial Consultant, RBC Wealth Management
Location: Venable, LLP 575 7th Street, NW Washington, DC 20004
Webcasting Available
RSVP by November 29, 2010 to asample@Venable.com
 





The Profession
CPA Caucus in the House expands to 8
Eight CPAs were elected to the House of Representatives last Tuesday -- five incumbents and three challengers. Returning CPAs are John Campbell, a California Republican; Michael Conaway, a Texas Republican; Lynn Jenkins, a Kansas Republican; Collin Peterson, a Minnesota Democrat; and Brad Sherman, a California Democrat. Additionally, Steven Palazzo, a Mississippi Republican; Jim Renacci, an Ohio Republican; and Bill Flores, a Texas Republican, defeated incumbents in their races. (via Journal of Accountancy)



Regulatory and Legislative News


Small Business Jobs Act provisions to expire
Year end is quickly approaching and, since some provisions of the Small Business Jobs Act will expire Dec. 31, 2010, it is important to act quickly to take full advantage of the Act's short term provisions. Businesses have access to enhanced credit, lower fees, income exclusions and increased deductions. CPAs can learn more from the AICPA Business Brief, Short Term Provisions of the Small Business Jobs Act and on the AICPA Small Business Relief website.  (Via AICPA)

IRS Increases Limits of Long-Term-Care Deductibles
The Internal Revenue Service has increased the deductibility limits for long-term-care insurance policies purchased in 2011. In the past LTC deductions have increased regularly, this year the increase was not coupled with an increase in Social Security limits or payments. (Via AdvisorOne)

IFRS Foundation Seeks Input
The trustees of the IFRS Foundation published a first stage consultation document to seek input on the Foundation's strategy as it enters it's second decade. (Via Journal of Accountancy)


Find daily links to news like this on the *NEW* Legislative/Regulatory News section of the GWSCPA website. Simply login to access this Members Only professional resource.  




Member News 
 
The GWSCPA is pleased to welcome our newest Firm Member:
 
Ernst & Young


 

If you are interested in learning more about securing membership for all CPAs in your firm, and receiving numerous added benefits of joining as a Firm Member, contact Kari Bedell at 202-464-6001 

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If you have member news, email us by the first of the month.


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.