www.houstonCPA.org CPA AT A GLANCE 2014 Scholarship 16 Extravaganza Best CFO Nominations 6 Classified Ads 11 Committee Buzz 16-17 Community Service 17-18 CPA Aces 7-8 CPAs Helping Schools 18 CPE News Flash 4 Excellent Service 19 Awards Member Benefits 12-15 Member News 6--8 Student Auxiliary 17 Advocate TSCPA Membership 8 Campaign UH VITA Volunteer Form 2 MARCH 2014, NO. 3 HOUSTON CPA SOCIETY HOUSTON TSCPA FOUNDATION Telephone No. 713.622.7733 Admin. Fax No. 713.622.0522 CPE/Order Fax No. 713.622.3327 Email Address: [email protected] Web Site: www.houstonCPA.org EMAIL THE PRESIDENT AT: president@ HoustonCPA.org Reach for the Stars: Investing In Our Youth – the Eighth Annual Scholarship Extravaganza - honoring hosts Steve and Hilda Goodman, was held at the University of Houston Hilton Hotel on February 22, 2014. The event sparkled with a sumptuous dinner, outstanding auction and Big Board, and toe-tapping entertainment from Radio London. Watch for detailed coverage, photos and a net fundraising report coming soon! Visit the 2014 Scholarship Extravaganza web site at www.scholarshipextravaganza.com. THANK YOU…to our generous sponsors who made the event possible (see page 16). Tax Season Is Referral Service Season What is the potential client base of the Houston CPA Society CPA Referral Service? Everyone in the Greater Houston area who picks up the Yellow Pages and turns to "Accountants" or looks online at www.HoustonCPA.org. Just imagine what this Society public service could do for your practice. Through the online Referral Service Request Form, prospective clients receive referral information immediately. A list of firms with contact information matching the user defined criteria (area of expertise and/or foreign language search) is returned in zip code order so the user can identify a conveniently located CPA. With the costs of doing business increasing across the board, the Society is bucking the trend. By joining now, your firm will be entitled to an entire year's membership for only $100.00 – just in time for tax season. Think about it…fees generated by that one special new client more than covers your yearly fee. If your firm is interested in joining the CPA Referral Service for calendar year 2014, please contact Carla Sanders at the Society office (713.622.7733 x310; [email protected]) to receive a detailed application and registration form. All firms that participated in 2013 should have already received an invoice. Join today to take advantage of the busy tax season! NOTE: Members of the Referral Service must be a TSBPA licensed firm practicing full-time. Are You Looking for the CCH Master Tax Guides? The HCPAS hasn’t sold the Master Tax Guides since 2008, but members may purchase the 2014 edition directly from CCH at a 25% discount. Remember to use Houston CPA Discount Code Y5457. Go to page 14 for more information. Tax Assistance Volunteers Needed for UH Campus Site Gain hands-on experience…Provide a community service…Earn Chapter CPE vouchers. For more information, refer to the UH VITA Volunteer Form on page 2. Help insure the continuation of the profession! LOGIN to www.HoustonCPA.org to download contribution forms) SHARING THE Legacy Contribute to the Accounting Scholarship Endowment Fund and help provide an education to aspiring new CPAs. Donate to the CPAs Helping Schools initiative which supports Houston area schools PreK-12. CPAs Helping Schools FORUM FEATURES 2 2014 U of H VITA Site presented by Since 1998, the Houston CPA Society has sponsored and staffed a VITA (Volunteer Income Tax Assistance) site at the University of Houston's Main Campus. There, CPAs and accounting student volunteers provide free tax return preparation assistance to foreign students. For the 2013 tax season, over 225 returns were prepared for nonresident students. More volunteers are needed in 2014! $30 CPE vouchers, which can be used to register for any Houston TSCPA Foundation sponsored CPE program, will be given again this year to those who volunteer at the University of Houston site. Training For Non-Resident Alien Returns Saturday, March 8, 2014 9:00 AM – 10:00 AM CPE Credit: 1 Hour nd University Wellness Center (2 Floor, Rooms 4&5), 4500 University St. UH VITA Site Schedule Saturdays, 10:00 AM to 2:00 PM, University Recreation & Wellness Center (2nd Floor, Rooms 4&5) (Additional Non-resident training 9:30-10:00 a.m. each Saturday) March 8, 2014 March 15, 2014 March 22, 2014 March 29, 2014 April 12, 2014 Please consider volunteering for one or more Saturday sessions. It is a great opportunity to get hands-on training and experience, under the supervision of a knowledgeable expert, in the preparation of nonresident returns, and provide a needed community service. If you have any questions or need additional information, contact Judith Butcher at the HCPAS offices (713.622.7733 x260; [email protected]). Yes! I want to volunteer to help at the U of H VITA site! Name Day Phone Address Fax Email My tax return preparation experience is: q Experienced tax preparer (CPA, Accountant, E.A., IRS Employee, previous VITA), or q First time VITA volunteer. Complete & return to: Houston CPA Society I am bilingual and also speak: ATTN: VITA Program q Spanish q Other 777 Post Oak Blvd. #500 Comments Houston TX 77056-3212 or fax to (713) 622-3327 MARCH 2014 FORUM FEATURES Generating Success for Generations of Texas Families CPA The Forum is published in June, September, November, January, March and May by the Houston Chapter, Texas Society of Certified Public Accountants. Thomas J. DeGeorgio, CPA President Nancy A. Rutledge Executive Director Elyse A. Turla Editor Newsletter Deadline 8th working day of the month prior to issue date. Forward information to: Houston CPA Society 777 Post Oak Blvd, Suite 500 Houston, TX 77056-3212 Voice Phone: (713)622-7733 Administrative Fax: (713)622-0522 CPE/Order Fax: (713)622-3327 E-mail: [email protected] Annual Subscription Rate for Non-Qualifying Professionals: $30.00 3 Standing: Judy Bozeman, Donnie Roberts, Allen Lewis, Michael Ringger and Elizabeth Leicht Seated: Bill Cunningham, Maureen Phillips, Rick Morales and Tom Williams s Investment Management s Financial Planning s Trust and Estate Services More Than 30 Years of Building Successful Financial Futures Learn more at www.woodwayfinancial.com 10000 Memorial Drive, Suite 650sHouston, Texas 77024 [email protected] Celebrating the best year since 2010, (l to r) Golf Classic Vice Chair David Borda and Chair Bob Barr present Teri Andrepont, president and CEO of Make-A-Wish Foundation of the Texas Gulf Coast and Louisiana, with a check representing the 2013 Houston CPA Golf Classic net proceeds of $116,239.28. Half of this amount will be designated for the Houston CPA Society named endowment, with the other half to be used for current wishes. In keeping with tradition, a Wishmaker Award tray of original art representing the village of Hobbiton from the Lord of the Rings was presented by Make-A-Wish Artist Sarah S. to David Borda and Bob Barr. This award and its 23 predecessors are displayed at the HCPAS offices. 4 CPE NEWS FLASH Let the Houston TSCPA Foundation help fulfill your required CPE needs… Registration information on the courses featured below can be found in the monthly CPA CPE Circular ----distributed by email and USPS mail to all members. LOGIN and register online in the Event Calendar at www.HoustonCPA.org, or download a copy of the Circular from the Home Page under Spotlight. Becker Professional Education And The Houston CPA Society: Joining Forces To Offer You An Incredible Member Benefit Not only are Becker Professional Education's webcast and on-demand CPE courses available to members at a reduced subscription rate but members will now be able to benefit from purchasing individual ondemand courses as well. Becker's comprehensive CPE course offerings provide the most current information for today’s most critical and challenging business issues, empowering you for the next level of success. To register visit https://learn.beckercpe.com/ TrackDesc.aspx?brandingid=1494&track_id=1383. "HOUSTON TSCPA" should be listed in the "Company Name" field when registering. Key Topics: • • • • • • • • IFRS U.S. GAAP Fraud & Corruption Prevention Forensic Accounting Engagement & Project Management Taxation Government Revenue Recognition • Strategic Management • And much more All Houston CPA Society Members now have the opportunity to purchase a 1 year unlimited subscription to Becker's entire Continuing Professional Education course catalog that includes over 190 courses for only $325 per year or individual courses for $79 each. For more information, contact Rob Foster at Becker (630.353-3702; [email protected]) or Judith Butcher at 713.622.7733 x260; [email protected] To view the Becker Course Catalog visit becker.com/cpe ® 34th Annual Just think…if you subscribe by the 1st day of your birthday month, you can get in two years' of CPE for one years' subscription fee! 25th Annual FINANCIAL REPORTING SYMPOSIUM SPRING ACCOUNTING EXPO Thursday, May 8, 2014 Monday, May 19, 2014 and Tuesday, May 20, 2014 Westin Galleria Hotel • 5060 West Alabama Moderator: Katherine Schipper (Duke University) Panelists: Evelyn Angelle (Halliburton Energy Services) Julie Erhardt (SEC) Prabhakar Kalavacherla (IASB) James J. Leisenring (FASB Consultant) Paul H. Munter (KPMG LLP) Thomas J. Linsmeier (FASB Board Member) Scott A. Taub (Financial Reporting Advisors) Topics: Current State of Financial Reporting Standard Setting Processes Activities of the Private Companies Council Status of Joint FASB/IASB Projects Other FASB Projects and Activities Current Developments and Activities at the SEC IASB Consideration of Accounting for Extractive Industries and Regulated Entities Current Developments and Activities Affecting Auditors (Panelists and topics subject to change) Reliant Center @ Reliant Park Keynote Luncheon Speakers: Monday ~ Brock Wagner, CEO & Founder of Saint Arnold Brewing Company Tuesday ~ Yolanda Warren, Special Agent, Treasury Inspector General for Tax Administration. Look for registration information in the monthly CPA CPE Circular or LOGIN and register in the CPE Calendar at www.houstoncpa.org. A detailed brochure will be mailed in early April. MARCH 2014 Community Services Committee Nonprofit Assistance Program We Need Your Experience! One of the charges assigned to the Community Services Committee of the Houston CPA Society is to assist not-for-profit organizations that need the assistance of a CPA, but are unable to afford it. We match volunteer CPAs with organizations on a SINGLE PROJECT BASIS only, not for on-going services such as routine accounting. Volunteer CPAs are not asked to provide annual audits. We need YOU to be a volunteer and experience the satisfaction of helping a worthwhile cause! By signing up to be a part of the program, we will add you to our volunteer pool and may call on you if a need arises in an area you have indicated. You may decline to accept any request. Yes…I am willing to participate in the Community Services Volunteer Program, if needed, and may be able to provide assistance in the area(s) indicated below: TAX: ¦ Application for exempt status under 501(c)(3) (Preparation of Form 1023) ¦ Preparation of tax returns and/or annual 990s ACCOUNTING/FINANCIAL REPORTING: ¦ ¦ ¦ ¦ Accounting policies and procedures Financial reporting policies and procedures General ledger set up consulting Assist with the preparation of client-prepared audit schedules. OTHER AREAS: ¦ Silent Auction Management Assistance ¦ Please specify q I would like to join the Community Services Committee Name _____________________________________________ Employer _______________________________________ Address __________________________________________________ City __________________ Zip ________________ Daytime Phone: ________________________________ Email: _____________________________________________ Do you have prior experience with nonprofits? (Experience is not required to be a part of this program.) If so, please describe: ________________________________________________________________________________ Do you have restrictions or strong preferences on the geographic area of Houston where you will volunteer? ______________________________________________________________________________________________________ Do you have restrictions or strong preferences on the type of charity you will volunteer for? ______________________________________________________________________________________________________ Would you be willing to write articles for the Forum newsletter? q Yes q No Please forward this completed form to: Houston CPA Society, Community Services Committee 777 Post Oak Boulevard, Suite 500, Houston, TX 77056-3212, or FAX (713) 622-0522. 5 6 MEMBER NEWS Member News Onward and Upward Elizabeth A. Hosea, CPA, has joined the firm of Oman, Berry & Associates, as senior tax manager at 10200 Grogans Mill Rd #420, The Woodlands, TX 773801134 (713.482.2960). Sheila K. Kahanek, CPA, has been appointed president, and will continue as chief financial officer, at Sun Coast Resources, Inc., 6922 Cavalcade, Houston 77028-5802 (713.429.8492) The Houston CPA Society Representatives on the Texas Society of CPAs Board of Directors recently attended the TSCPA Mid-Year Board Meeting held January 30 – February 1 at the Hilton Garden Inn in South Padre Island. (back row, l to r) Stephen King, John Misitigh (former Board member and current chair of the TSCPA Accounting Education Foundation), Gail Neely, Susan Spillios, John Braden, Joe Joyce*, Nancy Mathews, Bill Frazer*, Bill Atkinson*, Brian Jones*, Pat Durio*, Jeff Harris*, Barry Wilken*, Ray Frierson*, Mike Spartalis, Bob Sweeney*, Carol Warley (HCPAS President-elect), and Deidra Hubenak; (front row) Gerrad Heep, Paul Vanek, Ginger Snider, Mark Lee* (TSCPA Chairman-elect), Susan Sample, Sheila Enriquez, Holly Zhang, and Tom DeGeorgio. Not pictured: Don Clanton*, Cheryl O'Brien and Kathy Ploch*. (*HCPAS Past President) ASE AFL Accounting Scholarship Endowment Assisting Future Leaders Visit the Resources > Sharing the Legacy page at www.HoustonCPA.org to find out more and/or to make a contribution. Do You Know A "Best CFO"? The Houston Business Journal (HBJ) is seeking nominations for its 2014 Best CFO Awards, which honor outstanding and admirable Houston-area CFOs. Go to the Events section of the HBJ web site and select Nominations (www.bizjournals.com/houston/nomination). Click the Nominate button and complete the online submission form. Deadline for submissions is June 6, 2014. Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller • CFOs must have been in their current position for at least 12 months • Any CFO from a private or public company or nonprofit is eligible. Elected government officials will not be considered. In the Community Karen K. Abranski PC, Karen K. Abramski, has been named a winner of the 27th annual Small Business of the Year competition by Lone Star College North Harris campus. In Remembrance The Houston CPA Society would like to express deepest sympathy to the familiy of: Clarke Rudolph Newlin, Jr., CPA, who had held Texas Certificate No. 15934 since 1984. * Creating stability in the firm * Restoring life to an ailing firm * Identifying and managing risks * Being a visionary leader * Being a team player * Being a good samaritan AWARDS & RECOGNITION JUDGING • Nominees must be a CFO or hold an equivalent position in the greater Houston area Nominees will be asked to fill out an essaybased application and submit letters of recommendation. An independent panel of judges from Houston's financial and business industry will select the finalists and winners in a number of categories, based on application answers and supplementary materials. The categories range from: • The greater Houston area includes 10 counties: Austin, Brazoria, Chambers, Fort * Successfully implementing a strategic plan * Achieving profitable growth ELIGIBILITY Daniel P. Travis, CPA, has been promoted to tax senior manager at the firm of Pannell Kerr Forster of Texas, P.C., 5847 San Felipe #2400, Houston 770573092 (713.860.1400). Winners will be revealed and all the finalists will be recognized at an awards luncheon August 20, 2014 at the Hilton Post Oak Hotel, and in a special section of HBJ on August. 22, 2014. NOMINATION DEADLINE: June 6, 2014 MARCH 2014 MEMBER NEWS 7 We Love CPAces! Join the CPA Aces — another way for you and your business to be recognized as a leader in the Greater Houston community and brought to you through the Houston CPA Society. Membership is easy and FREE. The CPA Aces are comprised of companies and firms employing at least one CPA with 100% of CPA employees being members of the Houston CPA Society. The Aces program is a great way to recognize the Houston businesses that demonstrate a top-flight level of support and commitment to their employees as well as those employees' local professional association where they receive quality continuing education, grow professionally, develop leadership skills, and maintain contacts of benefit to the individual and business alike. It's a win-win partnership, which, as the 3rd largest local chapter in the nation, allows Houston's CPA professional society a strong voice. Benefits of membership in CPA Aces include: • A Listing in the Resources Section (http://www.houstoncpa.org/Content/Naviga tionMenu/Resources/CPAAces/default.htm) of the Society web site at www.HoustonCPA.org linked toYour Firm or Company's site (based on availability); • A Certificate of Membership suitable for framing; and If all CPAs in your firm are members of the Houston CPA Society, then join today! As stated above, there are no additional costs, just supplementary recognition and promotion within the Society and the community for your firm. If not, contact the Texas Society of CPAs (800.428.0272 x260; www.tscpa.org) for a joint membership application. First time members are afforded a discounted first year rate, and reinstating members may request their reinstatement fee be waived. To check your employees' membership status, contact Elyse Turla at the Society office ([email protected]; 713.622.7733 x290). • Periodic Recognition and Promotion in the FORUM and eFORUM, and at Society Events. MEET OUR CPA ACES! join the growing list of companies and firms EXCELLING . . . in their profession, in their leadership, in their commitment to keeping their business flying high and staying on top. A-Soft Professionals (www.asoftpro.com) adm CPA P.C. (www. admcpapc.com) Kristi Albaugh, PLLC All Reverse of Texas LLC Alonzo, Bacarisse, Irvine, & Palmer, P.C. (www.abipcpa.com) John A. Anderson, PC (www.johnandersoncpa.com) Mark H. Andrus, Attorney at Law Bickley, Prescott & Co., P.C. Bowles, Womack & Company, PC (www.bowleswomack.com) Boxer Property Mgmt (www. boxerproperty.com) Parking at CPA Office Building 777 Post Oak Boulevard (parking entrance on Hollyhurst, behind building) Visitor Parking is on lower level of garage. If that area is full, return to first level and proceed up ramp to second level where there is a card access box with a push button. Depress the button and tell whoever answers that you are visiting the Houston CPA Society offices and need a parking spot. They will raise the gate so that you can proceed to an upper level (third or fourth floor) to park. Special needs accessible parking is also located on the garage second level. Brooke Staffing Companies, Inc. (www.brookecompanies.com) Charles K. Burns, Jr., CPA Byrd Interior Construction, LP (www. byrdinterior.com) Richard J. Caldwell, P.C. (www.rjccpa.com) Cenikor Foundation Inc. (www.cenikor.org) Clanton CPA, P.C. (www. clantoncpa.com) Conklin Hruzek & Co., P.C. (www.chco-cpa.com) Loren R. Cook and Associates Ltd., LLP (www.absoluteplanning.com) Carol A. Cooper, P.C. (www.carolacooper.com) Thomas J. Crayton, CPA Cummings & Houston, LLP (www. cummingshouston.com) Cornelius, Stegent & Price, LLP (www.CPAdvisers.com) DWG CPA PLLC (www.dwgcpatx.com) Dabney Investment Consulting Associates, Inc. (www.dabneyinvestmentconsulting.com) Dao CPA, P.C. (www.accountinginabox.com) Day West & Associates, Inc. (www.daywestinc.com) Decker Consulting (www.deckerusa.com) Durio & Company, PC (www.durio.cpa.pro) E B F Office Products, Inc. (www.ebfofficeproducts.com) Edward Jones Investments Fitts, Roberts & Co. P.C. (www.fittsroberts.com) Freudenberg Oil & Gas, LLC (freudenberg-og.com) Frierson, Solá, Simonton & Kutac, PLLC (www.friersoncpa.com) GBH CPAs, PC (www.gbhcpas.com) GVBabilon Associates (www.gvbassociates.com) Genesis Partners (www.genesispartners.info) Global Custom Commerce, LP (www.blinds.com) Robert D. Goldstein, CPA Goodman Financial Corporation (www.goodmanfinancial.net) Joanne L. Gore, CPA, LLC Green & McElreath (www.1cpa.com) GrowthForce (www.growthforce.com) Gulf Coast Regional Blood Center (www.giveblood.org) Hahn & Clay (www.hahnclay.com) Ham, Langston & Brezina, LLP (www.hlb-cpa.com) Harper & Pearson Company, P.C. (www.harperpearson.com) Heartspring Methodist Foundation (www.heartspringmethodist.org) L. Wendell Hefton CPA Herzstein Investments, Inc. (www.herzsteininvestments.com) Hill Schwartz Spilker Keller LLC (www.hsskgroup.com) David M Hoffman & Co., P.C. Joanna Hoover, CPA Interdyn BMI (www.interdynbmi.com) Continued (See CPA Aces on page 8) 8 MEMBER NEWS CPA Aces (Continued from page 7) International Cellulose Corporation (www.spray-on.com) Don F. Jones PC Kathleen Jaap CPA (www.prosperitycoachingnow.com) KSBJ Educational Foundation Inc. (www.ksbj.org) Kaminski & Company, P.C. (www.kaminskico.com) L. Klein & Company, P.C. (www.kleinwealthmgmt.com) Klodosky & Company, PC Karen B. Lipshy-Goldberg Loria Associates, LLC (www.cpasite.net/LoriaAssociates) Allan J. Maierson Inc. Susanne Mariga, CPA, PLLC (www.susannemarigacpa.com) Calvin Martin & Company, PLLC (www.calvinmartin.com) McCall Gibson Swedlund Barfoot PLLC (www.mgsbpllc.com) Robert M. Mendell, Attorney at Law, PC (www.mendellgroup.com) The Mitchell Family Corporation Moore, Reichl & Baker, P.C. (www.mrbcpas.com) Morris, Ligon & Rodriguez PC (www.mlrcpa.com) Mosher Seifert & Company, CPAs (www.cpa1099.com ) Nathans & Rust, Inc. Marie H. Newton, CPA Katherine Nixon, CPA/PFS (www.eaglefinancial.org) The Personagram Institute Inc. (www.personagram.com) PLS Advisory, LLC (www.plsadvisory.com) Darlene Plumly, CPA (www.plumlycpa.com) Thomas G. Post, CPA (www.texastaxman.com) Prather Kalman PC (www.pratherkalman.com) Prince Food Systems, Inc. (www.princefoodsystems.com) Charles P. Quirk, Jr., CPA, CVA Charles V. Raimond, CPA Ralph & Ralph CPAs Ridgeback Capital Management (www.ridgebackcm.com) Michael Rose, CPA, PC (www.mrosecpa.com) Rose G. Rose, P.C. Ruderman Financial Group (www.rudermanfinancialgroup.com) Sawtooth Capital Management, LLC (www.sawtoothmanagement.com) Seefeld Lawson Moeller LLP (www.seefeldcpa.com) Sentinel Trust Company (www.sentineltrust.com) WM Shirley & Associates (www.wmshirley.com) Shrieve Chemical Company (www.shrieve.com) Mary Elizabeth Smith, CPA at t Hom ome e M MB, B , IN HOUSTON WITH JO H N DA U G H E R T Y, R E A LLTT O R S , , ouston S Selling e l lin g H Houston Since 1 9 94 Since 1994 M A RY RY M C B E TH for or a all ll yyour o u r re r e al al e estat s t a t e ne n e e ds 7 713.516.2992 13 . 516 . 2 9 9 2 m a r y m @ j o h n d a u g h e r t y. y. c o m 71 3 . 62 6 . 3 9 3 0 713 52 0 P o s t O a k B l v d . H o ust o n, Texa s 7 7027 JOHNDAUGHERT Y Y.C .C O M V L Snider, P.C. (www.vlsnidercpa.com) Solis Medical Laboratory (www.home.earthlink.net/~mmsbcs/) E. Mike Spartalis, CPA, CPC Texas Chiropractic College (www.txchiro.edu) Michael W. Thurman, P.C. Steven J. Tillinger, CPA Deborah K.P. Touchy, CPA, Attorney at Law TriEagle Energy (www.trieagleenergy.com) TriFlex Staffing Solutions, L.L.C. (www.triflexstaffing.com) Turlington, Reeves & Richard, PLLC (www.trrcpa.com) VLS Recovery Services, LLC (www.vlsrs.com) The Vanek Consultancy Group, LLC (www.vanekconsultancy.com) Viebig, McCommon & Associates (www.vmatax.com) David L. Walker PC (www.dlwcpa.net) John B. Wardlaw (www.johnbwardlawcpa.com) Leonard Weiner & Associates, P.C., Attorney at Law Barry M. Wuntch, LLP Jess H. Young & Co. Zientek & Co., PC (www.zientek.com) Contact Elyse Turla at the Society offices (713.622.7733 x290; [email protected]). She will research the membership status of all CPAs in your office, and your firm or company is well on its way to becoming a member of CPA Aces. TSCPA: You Are Responsible New Recruitment and Retention Campaign TSCPA has unveiled its new membership recruitment and retention campaign aimed at reminding Texas CPAs of the value of belonging to our professional community and promoting members as being responsible for their profession and all it stands for. The campaign is called the Responsibility of Individuals Project, or ROI. Take just a moment to visit www.tscparoi.org and see all the ways your investment as a member in TSCPA supports you as a Texas CPA and protects all that you've worked hard for. Thank you for being responsible. Thank you for being a member of TSCPA! Questions about membership categories, dues, or benefits can be directed to the TSCPA Member Service Team ([email protected]; 800.428.0272). To learn more about recruiting activities by the Houston CPA Society, contact Membership Marketing Manager Frances St. Cyr ([email protected]; 713.622.7733 x240). MARCH 2014 MEMBER NEWS Complimentary CPE Vouchers to Unemployed Society Members If you have been unemployed from full-time work for over six months and need financial assistance in obtaining your continuing education… The Houston TSCPA Foundation has a policy of granting qualified, unemployed Houston CPA Society members up to $200 of complimentary continuing professional education (CPE) vouchers per year within specific guidelines. Contact CPE Director Judith Butcher (713.622.7733 x260) with questions or requests for guidelines and applications. Gain Fortune 500 buying power and powerful strategic oversight by bringing on a partner. Broussard Logistics will reduce transportation costs for 300+ client companies this year. In addition to nearly a billion dollars of accumulated buying power, these clients gain access to: · Negotiated discounts · Leading-edge technology · Supply chain best practices · Broussard’s thirty years of expertise Learn how to get a customized market analysis at no cost…… www.BroussardLogistics.com 877.875.1613 9 10 CLASSIFIED MARCH 2014 PRACTICE PURCHASE/SALE/ MERGER CPA Firm Would Like To Purchase the audit clients of CPA firms no longer wishing to do audit work or to joint venture the audit work, with the referring CPA firm retaining the tax, consulting and other client services work. Reply to Confidential Box No. 1223. Offers in Compromise - Tom Post CPA in Tomball. Let us help your clients negotiate an Offer in Compromise with the IRS. Phone 281.351.2688; email [email protected]; website www.texastaxman.com. (Send replies to Confidential Box Nos. to Houston CPA Society, 777 Post Oak Blvd. #500, Houston 77056-3212.) Opportunity Employers From Accounts Payable Bookkeeper Receivable Payroll Clerk: You want to be part of a great team? Good communication and organizational skills. If you are interested or would like further information, please contact [email protected] PROFESSIONAL SERVICES Business Valuation Appraisals: For corporations, partnerships, medical practices (gift/estate tax,"C" Corp conversions, selling a company, corporate planning purposes). David Palmer, CPA, ASA, CFF. Call 713.828.1751. Tax Problems? Audits, appeals, non-filer, Federal and State; CDP, US Tax Court, SOAH, Texas tax courts, US Bankruptcy Court, US District Court. E Rhett Buck, Attorney-CPA, [email protected]; 713.868.9447. Commercial Real Estate Appraisals for gift and estate tax planning purposes; buying/selling companies; purchase price allocation. National Appraisal Partners- Tom Stark, MAI, Call 713.463.8761; www.napllp.com. ER YC C JOB OPPORTUNITIES RE CPA Office Sharer: Window office in Greenway Plaza public accounting suite available for sublease. Favorable cost sharing of common occupancy costs and operating expenses. Receptionist and light secretarial support included. Utilize common conference room, break room, and file room. Obtain cost savings on UltraTax and CheckPoint. Contact Rick Womack at Plaza Professional Offices, Inc. 713.621.0050. letter is pri s n w n do te OFFICE SPACE This ne Practices For Sale: Gross revenues shown: Gulf Coast acctg and investments $420K; NW Houston tax and acctg $184K; West Houston tax franchises $160K and $77K; Columbus area CPA $75K. Call 888.847.1040 x2; or email [email protected] P CLASSIFIEDS LE D PA 11 TSBPA CPE Forms Available Have you taken continuing education from a nonregistered sponsor? Are you eligible for exemption from continuing education? If you have attended a CPE program sponsored by a vendor who is not registered with the Texas State Board of Public Accountancy, you may still be able to claim credit. Also, if you think you may be eligible for exemption from required CPE, the State Board will review and take action on your request. The State Board has a committee which meets quarterly to review requests for CPE credit and exemptions. If you need one of following request forms to complete and return to the Texas State Board of Public Accountancy, call the Society office at 713.622.7733, or download these forms online at www.tsbpa.state.tx.us. • Request for Continuing Education Credits from Nonregistered Sponsor of Continuing Education • Exemption for Continuing Education MEMBER BENEFITS 12 Any Way you Want It The Houston Business Journal now available by app, PDF, digital edition and print edition and is delivered to you any way you want it7KH+RXVWRQ%XVLQHVV-RXUQDOLV+RXVWRQ¶VOHDGLQJSXE lication covering top business in Houston and the individuals who run them. As a subscriber you will receive the annual Book of Lists. The Book of Lists is Houston's premier lead source for identifying Houston's top companies and executives. The book contains over 80 lists divided into vertical markets by industry and includes information such as top executives names, title, company name, address, phone number, website, total revenue and number of emSOR\HHV,QDGGLWLRQZLWK\RXUVXEVFULSWLRQ\RXµOOUHFHLYH x $20 off your subscription (discount already reflected) x 2013 & 2014 Book of Lists x As a print subscriber you will receive the digital edition complimentary. x Unlimited access to all content at houstonbusinessjournal.com x Unlimited access to our archives of stories and special publications x Downloadable databases for People on the Move Start your subscription today and start receiving the Houston business any way you want it. One Year Subscription $80 Three Year Subscription $180 Two Year Subscription $170 Digital One Year Subscription (60 Issues) $65 Name Company: Address: City/State/Zip: Email: Phone: Name on Card: Credit Card #: Exp. Date: ___ Visa ___MasterCard ___American Express ___Discover Call Gary Green (713) 395-9639 email [email protected] or fax form to (713)963-0482 MARCH 2014 MEMBER BENEFITS 13 Questions about Houston CPA Society member benefits? Society Membership Marketing Manager Frances St. Cyr (713.622.7733 x240 or [email protected]). Save A Tree - Get Your Forum Online! Over 90% of current Houston CPA Society members are now receiving the newsletter online. The eForum is distributed the first Tuesday of each month, many times before the printed copy Houston CPA Society Merchandise Unique Gift for CPAs "A Cartoon Book for Certified Public Accountants" commissioned by the Houston CPA Society and published by The New Yorker, is full of cartoons about CPAs. Members of the Houston CPA Society represent every walk of life in the business environment. And, while dealing with all the intricacies of your individual responsibilities and the ever-changing governmental rules and regulations, the CPA's sense of humor prevails. Purchase this book for yourself or a fellow CPA and see how The New Yorker helps keep the edge – or take the arrives. Get a jump on planning for your CPE hours, and keep your calendar up to date with committee meetings and other activities and special events. Provide the Chapter with a valid email address and join the technology age. If your record contains an email address, and you have not requested a printed copy, you are receiving the eForum ONLY! PLEASE NOTE: The Chapter offers three options for newsletter delivery: email only, email and print copy, or print copy only. It's up to you! Contact the Chapter office (713.622.7733; [email protected]) to indicate your preference. Add http://www.inboxgroup.net/hcpas/ to your Favorites for access the online version of the newsletter edge off – by providing numerous reasons to laugh at ourselves and with our colleagues. This customized book helps keep the ego in tow. Purchase this unique volume for $45.00 (inclusive of tax) plus $4.00 for postage and handling. care machine wash and dry. These comfortable shirts come in men's (M, L, XL) and women's (S, M, L, XL, XXL) styles (with and without a left chest pocket) for only $42.50. Wear The "Mark Of The Pros" - Long and Short Sleeved CPA Logo Shirts NEW...comfortable 100% Pima cotton interlock in dark navy blue with a white embroidered Society logo. Men's (S – XXL) and Women's (XS – XL) sizes and are value-priced at $45.00 (including tax). Also available...long-sleeved blue (60% cotton/40% polyester) oxford logo shirts with wrinkle-resistant finish which provides easy Limited Quantity Available - Yellow Ladies Polo Shirts with Navy Trim & Logo for $25.00 and medium blue pima cotton polo shirts in unisex sizes for $35.00. Logo Lapel Pins - 1" diameter - $10.00 Use the order form below; download an Order Form in the Member Services>Logo Merchandise & Gifts section at www.HoustonCPA.org; or, call 713.622.7733 for more information or to place an order. MEMBER BENEFITS 14 Member Affinity Programs Brought To You By The Membership Development Committee NOW AVAILABLE: Thomson Reuters' Quickfinder Products Handbooks, Package X, tax tables…and more! Thomson Reuters is offering its line of Quickfinder handbooks and tax products at a discount to Houston CPA Society members. Through a partnership with the Houston CPA Society, members can purchase the popular 1040 Quickfinder Handbook, the Small TM Business Quickfinder Handbook, IRS forms and instructions sets, and more, at discounted prices. In addition, the Chapter will receive a donation for each product purchased using the Houston CPA Society discount code (Q877). To see a list of all the products and pricing available, and to place your order, go to http://www.quickfinder.com/index.htmx . You may also log in to the Members Only section of the Society web site at www.HoustonCPA.org and access the Exclusive Member Benefits page to find the Quickfinder link. media format. CPAexcelTM students pass the CPA Exam at exceptionally high rates—and pay half the price of other leading courses. CCH Go to http://www.cpaexcel.com/partners/houston-cpa-society to get all the details and order information. a Wolters Kluwer business The Houston CPA Society and CCH have joined forces to offer you an incredible member benefit that provides exclusive discounts on any of the more than 175 CCH tax and accounting books, including the U.S. Master Tax Guide®, U.S. Master™ Depreciation Guide, Internal Revenue Code, Income Tax Regulations, and the State Tax Handbook, among many others! Looking for High Quality Self-Study Courses? Save 30% on over 150 courses on Tax, Accounting, Audit, and Tax Legislation. $294 for 12 months access to current, accurate, CCH quality courses. Try a FREE course at www.CCHLearningCenter.com or visit your Partner Page (see below) for ordering information. EXAM REVIEW DISCOUNT...CCH and CPAexcelTM have partnered with the Houston CPA Society to bring a new CPA exam review course to our soon-to-be-CPA members. CPAexcelTM delivers the knowledge and expertise of the top team of accounting professors and review course instructors to CPA Exam candidates in a powerful online multi- CCH Apps for Your Mobile Devices Available at http://www.cchgroup.com/webapp/wcs/stores/servlet/ content_mobile_default • Tax News Highlights (Free) • Tax Rates and Tables 2013 ($2.99) • Applicable Federal Rates 2013 ($2.99) • Code and Regs 2013 ($39.99) As an Association member, you enjoy these monthly discounts: • Up to 25% on CCH titles including the 2014 Master Tax Guide. • An additional 15% discount on selected Books of the Month Visit www.CCHGroup.com/members/houstoncpa and remember to use DISCOUNT CODE Y5457 at checkout. Go to the Current Book Specials for the entire list of 40% off bargains. Houston CPA Society CCH Member Direct Partner Page Member discount code: Y5457 The CCH® Expert Treatise Library offers valuable guidance on complex tax topics. Written by practicing, prominent experts in all fields — CPA, legal and academic — these treatises offer numerous examples and insightful analysis, and also allows users to easily access cited cases, regulations, IRS rulings, the Internal Revenue Code and other authoritative sources via links to the primary source documents. Visit your CCH Monthly Specials page to receive your Special View of this guidance. UPS Savings Program… Save up to 30% on UPS shipping thanks to the Houston CPA Society (HCPAS)! HCPAS members can save up to 30% off UPS Express air and international shipments. That's a significant savings over FedEx published rates!* All this with the peace of mind that comes from using the carrier that deliv- ers outstanding reliability, greater speed, more service, and innovative technology. UPS guarantees delivery of more packages around the world than anyone, and delivers more packages overnight on time in the US than any other carrier, including FedEx. Simple shipping! Special savings! It's that easy! Go to http://savewithups.com/houstoncpa/ for complete details or to sign up. HCPAS members can save: • Up to 30% on UPS Next Day Air® and Worldwide Express® services • Up to 23% on UPS 2nd Day Air® • 10% on select Business Services, including the following, at participating The UPS Store® locations o Fax services o Mailbox service o Black/White & Color Copies *Select the "See Discounted Rates" option on the UPS/Houston CPA page to see the Rates and Services Chart for detail of Savings and Discounts, which depend on total weekly gross shipping charges incurred. MEMBER BENEFITS MARCH 2014 15 Stay Updated On Your Profession! 2. LinkedIn The Houston CPA Society is now on Facebook, LinkedIn and Twitter! If you aren't active on these websites, now is the time to get involved! This is where you can stay connected with other Houston area CPAs. Discussions, questions, and articles are more than welcome. LinkedIn is the professional social network. 1. Facebook While Facebook is a great way to keep up with personal friends and family, it's also a fantastic networking tool. Like the Houston CPA Society for updates on what we’re doing. http://www.facebook.com/#!/TSCPAHouston or search "Houston CPA Society" http://www.linkedin.com/groups?gid=1525597&trk=myg_ugrp_ovr or search "Houston CPA Society." 3. Twitter If you want a go-to place for news about the Accounting profession, follow the Society on Twitter. It's the fastest way to receive news, so stay on top of the latest information. https://twitter.com/#!/tscpahouston or search @tscpahouston. www.facebook.com www.twitter.com www.linkedin.com Houston CPA Society And Social Networking… YOU DON'T WANT TO MISS A THING! Accountants Confidential Assistance Network TOLL-FREE HOTLINE: 866.766.ACAN Legal Notice: All information, communications, reports received, gathered or maintained by ACAN are strictly confidential and protected under penalty of law under Chapter 467 of the Texas Health & Safety Code. Jos. A. Bank Clothiers Discount Program The Houston CPA Society Membership Committee provides a benefit program exclusively for Houston CPA Society members. The committee has arranged for a Corporate Card Program that entitles you to 20% off regularly priced merchandise at all Jos. A. Bank Clothiers nationwide. And, as a preferred customer, you will receive advance notification of sales and events. To enroll in the Houston CPA Society /Jos. A. Banks Program, remember Program ID number 21035. Visit your local Jos. A. Bank store and give this ID number, call 800.285.2265 toll-free and request your free Corporate Program card, or email your request to [email protected] Again, remember to indicate the Program ID number 21035. WANT TO GET INVOLVED? WE HAVE A COMMITTEE WITH YOUR NAME ON IT! GO TO WWW.HOUSTONCPA.ORG >>ABOUT US >> BECOME A VOLUNTEER REACH 8000 CPAS TO ADVERTISE IN THIS NEWSLETTER, CONTACT Elyse Turla, Editor713.622.7733 x290 16 COMMITTEE BUZZ Benefiting Accounting Scholarship Fund Accounting Scholarship Endowment and CPAs Helping Schools Saturday, February 22, 2014 6:29 to 11:00 PM Hilton University of Houston Hotel 4800 Calhoun Road Houston TX 77004 Honorary Co-Chairs Steve and Hilda Goodman (as of February 18, 2014) MAGNA CUM LAUDE ($10,000) (http://www.ey.com) CUM LAUDE ($5,000) AIG/Mark and Alice Lee Briggs & Veselka Co. Barbara Carroll Deloitte. David P. Donnelly Enbridge Energy, Inc. Fitts, Roberts & Co. P.C. Steve and Hilda Goodman Grant Thornton LLP Harper & Pearson Company, P.C. KPMG LLP McGladrey LLP and Carol G. Warley PwC Shell Oil Company Stanley and Margaret Voelkel The David and Jean Wiley Foundation PRESIDENTIAL LIST ($2,500) BKD, LLP Baker Botts L.L.P. Robert H. Barr, Jr. Becker CPA Review Chamberlain, Hrdlicka, White, Williams & Aughtry (http://goodmanfinancial.com) Tom and Tina DeGeorgio Bob and Melissa Frazier Frierson, Solá, Simonton & Kutac, PLLC Goodman Financial on behalf of Fred and Mabel R Parks Foundation Norton Rose Fulbright LLP Pannell Kerr Forster of Texas, P.C. Plains All American Pipeline LP University of Houston C.T. Bauer College of Business Mike and Ginger Viator Willis Group/WG Consulting DEAN'S LIST ($1,000) Amegy Bank of Texas, NA The Bauer CPAs – Nancy Mathews and Barry Wilken Bradley D. Brown Wade and Chelsea Egmon EOG Resources Inc. Forrest Law Group, P.C. Bill and Jean Frazer Green & McElreath Joseph A. Hafner, Jr. Houston Baptist University School of Business Houston CPA Society Jackson Walker, L.L.P. Cindi L. Johnson P.C. Dave and Jan Johnson Andrew and Janelle Jones Stephen and Trish King LaPorte CPAs & Business Advisors Marathon Oil Mayer Brown, LLP Mohle Adams Mosbacher Energy Company Newton, Newton, Downs & Blair, PC Omega Protein Opportune LLP Personal Financial Planning Committee Richard and Nancy Rutledge UHY Advisors TX LLC Weaver LLP Whitley Penn, LLC Reed and Janet Wood For more information about this event, visit http://www.scholarshipextravaganza.com/ MARCH 2014 Student Auxiliary Advocate Monthly Meeting Schedule – Meetings are held in the HCPAS Training Facility from 6:00 to 8:00 PM. Wednesday, March 19 Friday, April 25 Friday, May 16 NEW Online Resource for Accounting Students The open education site, AcademicEarth.org has recently added a comprehensive resource for accounting students. In addition to a database of free online courses, it now features an extensive list of blogs, open access journals, scholarships, internships, and national organizations, all focused on the field of accounting. Check it out at http://academicearth.org/ online-college-courses/accounting/. Becker CPA Exam Review Discount Student members of TSCPA receive a voucher redeemable for a $300 discount off the full four-part course tuition for either Live, Online or CD-ROM self-study review course formats. Membership in TSCPA also gives students exclusive discounts on many other CPA exam review programs and materials. Login to the Student Lounge at www.tscpa.org for details. Computer-Based CPA Exam Testing Window Opens The next window for the computer-based Uniform CPA Examination is April 1 through May 31, 2014. There is no filing deadline. Candidates may schedule and take each section of the CPA Exam only once during a testing window. Volunteer Services Volunteer Income Tax Assistance The Houston CPA Society will once again sponsor a VITA site on Saturdays during tax season at the University of Houston Main Campus to assist foreign students with their tax returns. Training will be from 9:00-10:00 AM on Saturday, March 9, 2013, followed by a tax return assistance session until 2:00 PM. COMMITTEE BUZZ 17 The CPA Examination is currently comprised of four sections. AUD BEC FAR REG Auditing & Attestation Business Environment & Concepts Financial Accounting & Reporting Regulation Uniform CPA Examination Updates Content Specification Outlines (CSO) and Skill Specification Outlines (SSO) changes effective January 1, 2014 have been published on the AICPA web site at www.AICPA.org behind the Become A CPA/CPA Exam tabs. Also to be found through this section of the website is information on candidate guidelines, examination content, passing rates, and psychometrics. This site also offers helpful tips for exam candidates and a tutorial each candidate should review. AICPA Offers Tips for CPA Exam Candidates Preparation for the computerized CPA Exam requires more than command of accounting and business knowledge. Important tips on the exam's navigation, functionality and content are now available. If you have staff members planning to take the exam, be sure to pass along the following web address: How To Prepare (http://www.cpa-exam.org/cpa/ how_prepare.html). CPA Exam 2013 Q1/Q2 Score Release Timetables AICPA has posted the U.S. CPA Exam score release timelines in response to overwhelming requests from candidates. Scores for the CPA Exam are released by the National Association of State Boards of Accountancy to individual state boards of accountancy based upon the target score release dates (http://blog.aicpa.org/2012/12/cpa-exam-2013q1q2-score-release-timetables.html#more) listed in the table posted to AICPA Insights blog at blog.aicpa.org Tax return assistance will be from 10:00 AM to 2:00 PM each of the additional five Saturdays scheduled. For those of you who volunteered last year, we would appreciate your assistance again in 2014 and for those of you who are volunteering for the first time, welcome and thanks. To volunteer, please contact Judith Butcher at the Society office (713.622.7733 x260; [email protected]) or complete and return the volunteer form on page 2. Soft drinks and water will be provided each Saturday and volunteers will again receive a $30 CPE voucher for each Saturday they work. Check Out The Student Section On TSCPA.org As a student or candidate member, TSCPA has a variety of resources available for you which can be found in one central location. The Student section on www.tscpa.org includes helpful links to CPA exam information, TSCPA's campus rep program, scholarship information, TSCPA's student blog and all of our social media profiles. Stop by today and familiarize yourself with all of the benefits of your TSCPA membership! SMALL GIFTS… HUGE IMPACT… Accounting Scholarship Endowment will wisely invest your gift in the future of our profession. Visit the Resources > Sharing the Legacy page at www.HoustonCPA.org to find out more and/or to make a contribution. 18 COMMUNITY SERVICE CPAs Helping Schools It's Grant Season for CHS Jack Fields Elementary School (Humble ISD) received a CHS grant for their Mid-Summer Magic of Reading program. Holding the "big check" are (l to r) Melinda Butler, Academic Lead Teacher (literacy coach), Gail Neely, CHS volunteer, and Karen Weeks, Principal. (l to r) Heather Grosso, teacher; Lori Frodine, Principal and Susan Shafer, Librarian, of Parker Elementary (HISD) were presented a CHS grant for a Guided Reading Library by CHS member Tonja Rodriguez. Cooper Elementary (Spring ISD) was the recipient of a CHS grant for the after school Ninja Writing Program. (center) PE Coach Dietrich Jones accepted the check from CHS volunteer Gail Neely. (l to r) Courtney Hudgins, Career and Technology Director, Buck Wenglar, High School Principal, and Laura Kubena, Accounting Teacher accepted a CHS grant from Paul Vanek, Vice President Houston CPA Society. East Bernard High School (East Bernard ISD) will use the grant for new textbooks and online automated accounting simulators. The new textbooks will be a welcome addition to the Accounting I class. The current textbooks are over ten years old and are very outdated. Laura Kubena via email: "On behalf of East Bernard High School and the Accounting I class, we would like to send out our sincere appreciation to the Houston CPA Society for this generous donation." CHS volunteer Gary Hoffman presented Scott Collegiate Academy (Galveston ISD) with a CHS grant for its Scott Saturday Superstars tutoring program. Accepting the check were Debra Owens, Principal, and Robert Balshaw, teacher in charge of the Superstars. COMMUNITY SERVICE MARCH 2014 Now is YOUR Time: “Character, Competence, Consistency, Cooperation, Courtesy” Please take a form, identify one (or more) employees who provided excellent service to you or your clients, and complete & return the form(s) to the RTA Committee - it’s that simple. Your kind gesture will be remembered by those who receive the awards. Thank you for taking the time to demonstrate to the Taxing Authorities that you value your relationship with them, are pleased with their service, respect their integrity, and care enough to show your appreciation. 2013-2014 EXCELLENT SERVICE AWARDS It’s Ɵme again for the Excellent Service Award NominaƟons. Each year the RelaƟons with Taxing AuthoriƟes CommiƩee (RTA) recognizes the Taxing Agency employees who have provided excellent service to the local CPA community. If you, or your clients, have received such service in the recent past and believe the employee worthy of our “5 Cs” special recogniƟon, please return this form to: RelaƟons with Taxing AuthoriƟes CommiƩee c/o Houston CPA Society 777 Post Oak Blvd #500 Houston, TX 77056 Fax (713) 622-0522 Your nominaƟon will help moƟvate all taxing agency employees by reminding them that their superior work is appreciated. NominaƟons are reviewed by RTA CommiƩee members and authorized by management of the taxing agency. The employees will be recognized at the Society’s Year-End Awards and RecogniƟon program on May 14, 2014 at Braeburn Country Club. Please complete and return this form by March 13, 2014 If you have any quesƟons regarding the awards, contact Carla Sanders, Staī Assistant (713) 622-7733 X 310 or [email protected] Name/Title of Nominee: F Harris County Appraisal District FHarris County Tax Office FGalveston County Tax Office FInternal Revenue Service F Social Security Administration F State Comptroller FOther taxing agency __________________ ___ Nominee information: Office Location/Address: Phone: Fax: Email: Nominated by: Address: Phone: Email: Fax: ________________________________________________________________________ Please attach a brief explanation of why this service deserves recognition. 19 Houston CPA Society NONPROFIT ORGANIZATION Houston TSCPA Foundation U.S. POSTAGE PAID Houston, Texas Permit No. 7165 A Chapter of the Texas Society of CPAs 777 Post Oak Blvd, Suite 500 Houston, TX 77056-3212 RETURN SERVICE REQUESTED CHANGE OF ADDRESS FORM Name Date Taken Preferred Forum delivery: ______Email Only ______Mail Only ______Both PREFERRED MAILING ADDRESS HOME OFFICE Business Change Residential Change New Firm New Address New Address New Phone New Phone Email Address New Fax New Employer Unemployed Working in Residence Firm ID # Name Change only Return to the Chapter office by Fax (713.622.3327) or mail (777 Post Oak Boulevard, Suite 500, Houston 77056-3212).
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