Degrees of CPE. Find Your. #ficpafgcu

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2 Find Your Degrees of CPE Earn the CPE you need and stay up-to-date at the Florida Gulf Coast University Accounting & Tax Conference on October 29-30, 2015, in Fort Myers. We ve updated and added to our agenda and are excited to present up to 16 CPE hours of hot topics, essential updates and new perspectives on important issues. You ll hear from knowledgeable instructors such as Pat Patterson, Michael Cheng and Robert Durak on topics regarding Ethics, Tax Liabilities, AICPA s Financial Reporting Framework and Health Care Updates for Employers and Individuals. You won t want to miss our two lunch presentations and our four hour pre-conference Ethics session on Wednesday. CPE Credit This conference qualifies for 10 Accounting & Auditing (AA) and 6 Technical Business (TB) hours of CPE credit and is subject to change. An optional 4 hours of Ethics credit is also available. CPE credit is subject to approval by the Florida Department of Business and Professional Regulation. #ficpafgcu

3 Conferenceat-a-glance Wednesday Oct. 28 8:30 a.m. 12:30 p.m. Ethics: Protecting the Integrity of Florida CPAs 4980 (Optional Attendance. Separate Registration Required.) Thursday Oct. 29 7:30 8 a.m. Registration and Continental Breakfast 8 8:05 a.m. Introduction and Opening Remarks 8:05 8:15 a.m. FGCU Welcome 8:15 9:05 a.m. SSARS Update 9:05 9:55 a.m. Proactively Reducing Historic State & Local Tax Liabilities, Penalties and Interest 10:05 11:45 a.m. FASB Update Private Company Focus 11:45 a.m. 1 p.m. Lunch Presentation Engagement Letters & Other Professional Liability Hot Spots 1:15 2:05 p.m. CIRA Update 2:05 2:55 p.m. Implementing the AICPA's Financial Reporting Framework for Small and Medium Sized Entities (FRF for SMEs) 3:10 4 p.m. Student Presentation Tax Update :50 p.m. Income Tax Consequences of Funding Bequests Friday Oct. 30 7:30 8 a.m. Continental Breakfast 8 8:50 a.m. FASB Update 8:50 9:40 a.m. The CPA's Role in the Context of Bankruptcy 9:55 10:45 a.m. Complex Problems and Creative Solutions: Wealth Transfer Planning in the Current Environment 10:45 11:35 a.m. Managerial Accounting Update 11:35 a.m. 12:50 p.m. Lunch Presentation Health Care: Employer Aspect 1 1:50 p.m. Health Care: Individual 1:50 2:40 p.m. Florida Sales Tax Hot Topics #ficpafgcu 3

4 Wednesday, Oct. 28 8:30 a.m. 1 2:30 p.m. Ethics: Protecting the Integrity of Florida CPAs 4980 (Optional Attendance. Separate Registration Required.) Cecil Patterson, Jr., CPA, MBA Patterson CPA Group, Inc. Ponte Vedra Beach Updated! This course addresses internal and external issues CPAs face and complies with the ethics requirements for Florida CPAs as set forth by the Florida Board of Accountancy. Thursday, Oct. 29 7:30 8 a.m. Registration and Continental Breakfast 8 8:05 a.m. Introduction and Opening Remarks 8:05 8:15 a.m. FGCU Welcome 8:15 9:05 a.m. SSARS Update (1 AA) Cecil Patterson, Jr., CPA, MBA Patterson CPA Group, Inc. Ponte Vedra Beach Statements on Standards for Accounting and Review Services (SSARS) are continuing to change and evolve. The SSARS 21 Standard has been issued and changes Preparation of Financial Statements; Compilations; and Reviews dramatically. Join us to discover how the CPA professional will be working with these revised requirements. 9:05 9:55 a.m. Proactively Reducing Historic State & Local Tax Liabilities, Penalties and Interest (1 TB) Gary Peric, J.D., CPA, CFST Owner State Tax Strategies Tampa Did you know businesses not in compliance with a jurisdiction s filing requirements will benefit from participating in a voluntary disclosure program? A qualified tax professional can negotiate a voluntary disclosure agreement to minimize prior tax liabilities, interest and penalties. Learn how your practice can benefit and much more in this session. 10:05 11:45 a.m. FASB Update Private Company Focus (2 AA) Michael Cheng, CPA Private Company Council Coordinator Financial Accounting Standards Board Norwalk, CT Get the latest update on key FASB ongoing projects. Discussion focus includes private company standards setting and recent activities of the Private Company Council. 11:45 a.m. 1 p.m. Lunch Presentation Engagement Letters & Other Professional Liability Hot Spots (1 AA) C. Michael Halfast, CPA Professional Liability & Loss Prevention Specialist Risk Avoidance Managers, Inc. St. Petersburg We will review the various clause components to engagement letters for compilation, review and audit services and focus on those that keep you in compliance with professional standards as well as others that can mitigate claim situations. In addition, we will discuss issues resulting in claims, or potential claims, filed against CPAs. 1:15 2:05 p.m. CIRA Update (1 AA) Cecil Patterson, Jr., CPA, MBA Patterson CPA Group, Inc. Ponte Vedra Beach Common Interest Realty Associations (CIRA) in Florida are regulated by the Florida Department of Business and Professional Regulations. CIRAs are required to properly reflect accounting, auditing, review and compilation standards. Various Florida state laws and rules, plus the professional standards of the CPA profession, must be followed. Join us for this presentation to learn the most recent updates for laws, rules and professional standards. 2:05 2:55 p.m. Implementing the AICPA's Financial Reporting Framework for Small and Medium Sized Entities (FRF for SMEs) (1 AA) Robert Durak, CPA, CGMA Director, Private Company Finance Reporting AICPA Ewing, NJ The FRF for SMEs was launched in June Since that date, CPA firms have been introducing the new accounting Framework to their small business clients and converting their financial statements to the FRF for SMEs. In addition, bankers and other users of small business financial statements have been educated about the FRF for SMEs and have been accepting financial statements prepared under the new Framework. Small- and medium-sized entities are seeing the value and cost-effectiveness in switching to FRF for SMEs. This session will cover how CPA firms have been implementing the new framework. 4 Florida Gulf Coast University Accounting Conference

5 3:10 4 p.m. Student Presentation Tax Update 2015 (1 TB) Raymond L. Placid, CPA, J.D., LL.M. Professor Florida Gulf Coast University Ft. Myers Get the latest 2015 Tax update from this joint presentation of students and faculty from Florida Gulf Coast University. 4 4:50 p.m. Income Tax Consequences of Funding Bequests (1 AA) Jeremiah W. Doyle IV, Esq. Senior Vice President and Wealth Strategist BNY Mellon Wealth Management Boston, MA This session will explore the income tax consequences of funding bequests. Six issues that Friday, Oct :50 a.m. FASB Update (1 AA) J. E. Grossman, CPA, CFE, CMA, CGMA Principal CliftonLarsonAllen Lakeland This session will explore recently issued guidance and current agenda projects of the Financial Accounting Standards Board. 8:50 9:40 a.m. The CPA's Role in the Context of Bankruptcy (1 AA) Gerard A. McHale, Jr., CPA, CFF McHale P.A. Ft. Myers and Veronica Larriva, CPA McHale P.A. Ft. Myers Join us for an overview of the opportunities available to CPAs in the complex world of corporate bankruptcies and restructuring. We ll focus on your continuing role from pre-bankruptcy planning through plan confirmation and liquidation. Special discussion focus includes financial presentation, recording, and controls. 9:55 10:45 a.m. Complex Problems and Creative Solutions: Wealth Transfer Planning in the Current Environment (1 TB) Thomas J. Pauloski, J.D. National Managing Director, Wealth Management Group Bernstein Global Wealth Management Chicago, IL Planning at the intersection of income and transfer taxation can be complicated. This compendium of advanced wealth transfer case studies will explore those complexities and propose potential solutions to some of the toughest problems estate planners face today. Sophisticated wealth forecasting software will be used to illustrate key findings. 10:45 11:35 a.m. Managerial Accounting Update (1 AA) Daryl A. Johnson, CPA, CMA CIA Owner Daryl A. Johnson, CPA Lakeland This fast-paced and interactive session will guide you through a wide variety of issues and topics geared toward managerial accountants in their professional world. arise when an estate or trust makes a distribution in kind will be addressed: Does the distribution carry out distributable net income (DNI)? If so, how much DNI does the distribution carry out to the trust beneficiary? Must gain be recognized if the trust is funded with appreciated property? If gain is not required to be recognized, can the trust elect to recognize gain? What is the cost basis of the property in the hands of the beneficiary? What is the beneficiary s holding period in the distributed property? Each of these issues will be discussed for specific bequests, pecuniary bequests and residuary or fractional bequests. 11:35 a.m. 12:50 p.m. Lunch Presentation Health Care: Employer Aspects (Part 1) (1 TB) Kathleen A. Hargreaves, CPA, CFP, CPC Shareholder, KBHealthcare Consultants Kerkering, Barberio & Company Sarasota and Melanie Hancock, Esq. Attorney Hill Ward Henderson Tampa This session parts 1 & 2 will explore ACA updates for CPAs focusing on the tax and reporting responsibilities of employers and individuals. These include employer reporting requirements and timelines, S-Corporation shareholder health insurance, clarification of policies and year-end tax forms. 1 1:50 p.m. Health Care: Individual Aspects (Part 2) (1 TB) Kathleen A. Hargreaves, CPA, CFP, CPC Shareholder, KBHealthcare Consultants Kerkering, Barberio & Company Sarasota and Melanie Hancock, Esq. Attorney Hill Ward Henderson Tampa This health care presentation continues from the individual s perspective. 1:50 2:40 p.m. Florida Sales Tax Hot Topics (1 TB) James H. Sutton, Jr., CPA, Esq., LL.M. (TAX) Shareholder Moffa, Gainor, & Sutton, PA Tampa Florida businesses are estimated to collect more than $22 billion this year in sales tax for the state of Florida. Unfortunately, it is not as simple as determining a 6% state rate plus a local surtax. Determining what is taxable, what is exempt, who owes the tax and when is neither easy nor intuitive. This presentation will discuss some of the more common areas of sales tax problems your clients will face and how to overcome them. We ll discuss changes in Florida sales tax law over the last year. You ll also have the opportunity to get answers to the questions you have from a true Florida sales tax controversy expert. #ficpafgcu 5

6 Conferenceinfo Florida Gulf Coast University Accounting & Tax Conference Committee Shawn Williams, Chair Kevin Carmichael Sherry D. Craig Blair V. Fretwell Daryl A. Johnson Martin Kaye Michael E. Murphy Frank D. Teets, Jr. University Conference Scholarship Donations Registrants for the conference have a unique opportunity to make a donation toward a scholarship for an accounting student at Florida Gulf Coast University. The Trustees of the FICPA Educational Foundation will select the scholarship recipients. Because the foundation is a charitable entity, all donations are considered tax deductible to the full extent allowed by law. Please use the conference registration form to indicate your donation. A COPY OF THE OFFICIAL REGISTRATION (#CH2614) AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. Thank you to our Sponsor Conference Site Embassy Suites Hotel Ft. Myers/Estero Corkscrew Commons Drive Estero, FL (239) FICPA Room Rate: $114/per night Hotel Cutoff Deadline: Friday, October 2, 2015 Reservations made after the cutoff date will be subject to availability and current room rate. For reservations, please contact the Embassy Suites Hotel Ft. Myers/Estero directly at (239) Be sure to mention the Florida Gulf Coast University Accounting & Tax Conference to receive the special group rate. CPE Policies You May Need to Know CPE policies may be found at ficpa.org/policies or on the confirmation sent upon completion of registration.. Bring Your Team and Save Register five or more people from the same organization and receive special group discounts! Restrictions may apply. For more information, visit ficpa.org/policies. Did you know? You can apply your non-member fee from this event toward an FICPA membership. Visit ficpa.org/policies for further details. Conference EZMaterials Are you taking advantage of all the FICPA Conference EZMaterials benefits? Available in Advance Download the EZMaterials PDFs to your laptop, tablet or other device seven days before the event. Searchable Save time by jumping right to a subject no more flipping through pages or reading extra. Portable Upload your materials to the cloud or save to a flash drive and access anywhere. Green Help preserve our beautiful planet by saving paper. More convenient, greener and so much EZer! 6 Florida Gulf Coast University Accounting Conference

7 Registration Four ways to register for FICPA CPE Programs Internet Fax (850) Call (800) or (850) Mail to Continuing Professional Education, FICPA, P.O. Box 5437, Tallahassee, FL Contact Information Name FICPA Member No. Firm Address City/State/ZIP Telephone ( ) m Check here if registration reflects an address change. m Check the following box(s) to receive membership information for: m Florida CPA/PAC m FICPA Educational Foundation m In accordance with ADA requirements, if you are disabled and require special services, please check here. Someone from our office will contact you. Pricing Ethics Wed. Oct 28 Member Price Nonmember Price** Early Bird Price* $99 $164 Regular Price (as of 9/28/15) $154 $219 FGCU Accounting Conference (FGCU) Member Price Nonmember Price** Early Bird Price* $435 $685 Regular Price (as of 9/28/15) $490 $740 *Early Bird Policy: The deadline for the Early Bird Price has moved from 10 days to 30 days before the event. This change is an opportunity for the FICPA to better manage the costs associated with these events, and so we can continue to bring you quality CPE at an affordable price. Remember to register for CPE events 30 days prior to take advantage of the Early Bird Pricing. That is a $55 savings! ** Nonmembers of the FICPA must add an additional $125 per day of instruction to the registration price. Save money and apply this fee to your FICPA membership fees. Visit for more details. Subtotal $ Scholarship Contribution $ Total $ Method of Payment m Check enclosed in the amount of $. m Please charge my company-issued credit card: m Please charge my personal credit card: mvisa mmastercard mamerican Express mdiscover Card Validation Code: (3 or 4 digit code located on the credit card) Cardholder Name Signature Exp. Date The FICPA is not responsible for checks or registrations delayed or lost in the mail. #ficpafgcu 7

8 P.O. Box 5437 Tallahassee, Florida Florida Gulf Coast University Accounting & Tax Conference Oct , 2015 Ft. Myers Get the early bird rates before Sept (800) (850)