The CPA CPE Circular

Transcription

1 The CPA CPE Circular November 15, 2015 Did You Know? Log In and Register Online at or use the registration form provided on pg 5. If you have special dietary needs or ADA requirements, contact the Society offices at Questions? Call the HCPAS at or with any CPE questions. To retain your license, you must complete a four-hour Texas State Board approved Ethics course every two years. What s Inside Steven Tillinger s Federal Tax Update 2 Energy Seminar & Networking Reception: Target Costing 2 Blaise Bender s Individual and Business Tax Updates 3 Energy Seminar & Networking Reception: Accounting/SEC Update CPE TAX EXPO 4 CPE Registration Form 5 TSCPA CPE Course Schedule Back Cover Ethical Business Decisions by Texas CPAs presented by David W. Holt, CPA, CFE This Texas State Board of Public Accountancy approved four-hour ethics course covers not only the rules of professional conduct, but also realistic workplace situations often experienced by CPAs in industry, government and public accounting. This session will include: A lively, interactive format with substantial group discussions Coverage of the Ethics Rules and how they help CPAs make valuable, long-term professional decisions Quizzes and case studies to affirm and illustrate the proper application of the rules Course Objective: To satisfy TSBPA s requirement for CPAs to educate themselves in the ethics of the profession. It is designed for CPAs who practice in industry, public practice, education and government. Level of Instruction: Update Course No./Date/Time: CPE/Ethics Credit: 4 Hours PRE091.H Friday, November 20, 2015 (12:30 4:00 PM) PRE092.H Friday, December 18, 2015 (12:30 4:00 PM) January s class will be held in conjunction with the 2016 CPE TAX EXPO. Fees: $100 Houston/Other Chapter Member, Non-CPA; $120 Walk-in $150 Nonmember CPA; $170 Walk-in PLEASE BE ON TIME! Late arrivals WILL NOT be admitted to the class. Becker Professional Education and the Houston CPA Society are joining forces to offer you an incredible member benefit! 5% off the standard $295 for the B2C On-Demand Subscription Use Promo Code - HoustonCPE100 5% off the standard $395 for the B2C On-Demand & Webcast Subscription Use Promo Code- HoustonCPE105 5% off the standard $79 for the B2C Single Course Purchase Use Promo Code: HoustonCPE50 Becker s Continuing Professional Education covers the critical topics you need, including: Government Revenue Recognition Tax Audit Finance and Economics International Financial Reporting Standards (IFRS) And much more! Visit to view our full course catalog or visit LOGON and click Member Benefits in the Member Services section. For more information, contact Amy Newell at x250, anewell@houstoncpa.org All courses are held in the Houston CPA Training Facility (777 Post Oak Blvd., Suite 500) unless otherwise indicated.

2 Federal Tax Update (three available dates) featuring Steven J. Tillinger, CPA This full day session addresses the Hot Topics of 2015 in one of Tillinger s longest outline ever...and the Treasury made him do it! * 2015 TEMPORARY HIGHWAY LAW - Congress changed business due dates. * 2015 TRADE LEGISLATION - Healthcare legislation has increased information reporting; you won t believe the affect. * PROPOSED TAX LAW TAX EXTENDERS BILL AND TAX REFORM 55+ temporary provisions must be retroactively extended. What s Congress doing? What does this mean for your clients and you? * SUPREME COURT RULES ON SUBSIDIES AND SAME-SEX MARRIAGE - What are the federal implications? * HEALTHCARE LEGISLATION; THE EMPLOYER MANDATE What provisions take effect in 2015 and 2016? Get upto-date information on how the Employer Mandate will affect your taxes. * NOTICE The IRS has declared war on certain health reimbursements that don t conform. Notice expired June 30; penalties are accruing again. * CIRCULAR 230 REGULATIONS These Treasury rules affect all tax practitioners, and the IRS still wants to regulate tax preparers. How does all this affect you? * AT-RISK RULES & LLCs Significant Development...this discussion may be worth the price of admission to the whole seminar. * DEVELOPING HOT ISSUES - What you want to know but are afraid to ask. * NOTEWORTHY COURT CASES - Pitfalls of a self-directed IRA; how to report unreimbursed partnership expenses; can a taxpayer write off an abandoned asset worth $20 million? Is an asset worth $4.8 million or zero? You get to decide.? * PLANNING Uncertainty Rules! Tax planning is more important than ever! Are you ready? * IMPORTANT Updates and new developments covering 2014 and earlier tax law AND court cases; Treasury income tax regulations; and IRS revenue rulings and procedures. * NEW DEVELOPMENTS affecting partnerships and LLCs, C and S corporations...and MORE! Course Objective: Bring attendees up to date on current issues in federal income taxation affecting individuals, sole proprietorships, and small businesses. Level of Instruction: Update Prerequisite: Basic Knowledge Course Nos. SEM158.F Monday, December 14, 2015 CPE Credit: 8 Hours and Dates: SEM159.F Monday, January 18, 2016 Time: 8:30 AM 4:45 PM SEM161.F Thursday, February 18, 2016 Fees: $225 Houston/Other Chapter Member, Non-CPA; $250 Walk-in* $275 Nonmember CPA; $300 Walk-in* Advance Registration Includes Box Lunch * Walk-in participants will be accepted based on availability and may not receive a meal. Energy Seminar & Networking Reception Target Costing: A Cost Management Tool Troy Hatler, CPA ~ WG Consulting Target Costing is a price led, customer focused, design centered and cross functional cost management process. It initiates cost management at the earliest stages of a product or service development and applies it throughout the related life cycle by actively involving the entire value chain. The basic principles involved with this innovative approach and the best practice that organizations are using in their target costing methodology will be discussed Course Objective: Educate attendees on how to recognize the key characteristics of target costing, why organizations employ target costing and identify target costing principles and best practices. Level of Instruction: Intermediate Date: Tuesday, December 1, 2015 CPE Credit: 2 Hours Course No. ENG176.M Time: 3:30 PM (Registration); 4:00 6:00 PM (Program) 5:40-6:30 PM (Networking Reception) Fees: $55 Houston/Other Chapter Member or Non-CPA; $65 Walk-in $75 Nonmember CPA; $85 Walk-in Walk-ins accommodated based on available seating. Page 2

3 ANNUAL TAX UPDATES from Blaise C. Bender, JD, CPA Energy Seminar & Networking Reception Accounting Update & SEC Hot Topics Michael Desormeaux, CPA ~ Grant Thornton LLP This presentation will provide a current update on the latest SEC hot topics and commit letter trends, as well as accounting and auditing updates and related tax force initiatives. Course Objective: To provide attendees with an understanding of the status of changes to the codification and trends in SEC comment letters Level of Instruction: Intermediate Date: Tuesday, December 15, 2015 Course No. ENG177.M THREE opportunities to catch these must attend courses: Individual Income Tax Update December 17, 2015 (SEM182.F) ~ January 25, 2016 (SEM183.F) ~ February 8, 2016 (SEM184.F). Major topics to be covered include: complete coverage of all the latest IRS code provisions and regulations, rulings and procedures and judicial decisions affecting individuals; updates on inflation adjusted amounts; current issues associated with tax aspects of investments, including passive activity rules; retirement issues and planning strategies including IRAs, traditional and Roth, early or late distributions, new rollover provisions; the latest issues associated with the tax aspects of investments; dealing with all the issues of the passive activity rules; developments associated with AMT, net investment income tax and Medicare tax; 2015 issues associated with the Affordable Care Act as it pertains to individuals; personal tax credit changes; tax planning issues and proposed changes; and other late-breaking tax law changes. Course Objective: Understand changes in tax preparation for the upcoming tax season. Understand planning opportunities associated with the upcoming tax filing season. Understand preparer issues associated with the upcoming tax filing season Level of Instruction: Update Business Tax Update December 18, 2015 (SEM185.F) ~ January 26, 2016 (SEM186.F) ~ February 9, 2016 (SEM187.F) Major topics to be covered include: complete coverage of all the latest IRS code provisions and regulations, rulings and procedures and judicial decisions affecting C Corporations, S Corporations, Partnerships and LLCs; updates on inflation adjusted amounts; current issues associated with various business deductions and business tax credits; revisions on repairs and capitalization for business; current and developing issues regarding employment tax; the latest issues associated with non-profit reporting; key critical 2015 issues associated with the Affordable Care Act as it pertains to businesses and business reporting; tax preparer issues; Texas Franchise Tax Update; tax planning issues for businesses; and other late-breaking tax law changes. Course Objective: Understand changes in tax preparation for the upcoming tax season as they pertain to business clients. Understand planning opportunities associated with the upcoming tax filing season. Understand preparer issues associated with the upcoming tax filing season. Understand reporting issues for businesses under the Affordable Care Act. Level of Instruction: Update Time: 8:30 AM 4:45 PM CPE Credit: 8 Hours per session Fees: $225 Houston/Other Chapter Member, Non-CPA; $250 Walk-in* $275 Nonmember CPA; $300 Walk-in* Advance Registration Includes Box Lunch * Walk-in participants will be accepted based on availability and may not receive a meal. CPE Credit: 2 Hours Time: 3:30 PM (Registration); 4:00 6:00 PM (Program) 5:40-6:30 PM (Networking Reception) Fees: $55 Houston/Other Chapter Member or Non-CPA; $65 Walk-in $75 Nonmember CPA; $85 Walk-in Walk-ins accommodated based on available seating. Page 3

4 2016 CPE Tax Expo Get a Running Start on upcoming Tax Filing Season! Monday and Tuesday January 11-12, 2016 Sugar Land Marriott Town Square / City Walk The 26th Annual CPE TAX EXPO offers current information on the hottest topics. Earn up to 18 hours CPE! Day One offers Steven J. Tillinger s Individual & Small Business Tax Update in a general session, followed by four tracks; Keynote Luncheon - Jim Mattress Mack McIngvale Day Two includes a TSBPA approved four-hour Ethics class, plus three additional tracks; Keynote Luncheon Speaker - Charles Chuck Cummings, Jr. CPA/CFF, CFE, Cummings & Houston LLP Some of the topics to be covered include: Texas Property Tax Update IRS Issues In Today s World SSARS 21 Implementation Strategies Affordable Care Act: Compliance State and Local Taxes Tax Efficiencies in Real Estate Development Income Tax & Estate Planning After ATRA Minimizing Liability In A Tax Practice Complete form and return with payment to: Date Houston TSCPA Foundation, 777 Post Oak Boulevard, Suite 500, Houston, TX CK# F I Fax Credit Cards Only (713) Houston/TSCPA Member or Non-CPA Nonmember CPA One Day $250 Two Days $350 One Day $350 Two Days $450 FORM OF PAYMENT: 5+ company discount available...call Check AMEX Discover MasterCard VISA 2016 CPE TAX EXPO Course No. TXP2016.X 8:00 AM 5:00 PM (Registration & Continental Breakfast daily at 7:15 AM) Program Dates: January 11, 2016 January 12, 2016 Both January 11 & 12, 2016 Name Badge Name Firm/Company Address Address City/ST/Zip+4 Daytime Phone Home Phone ADA Requirements Special Dietary Needs Amount Paid: * Exp. Date: CSC Number Card No.: Cardholder Name (please print): Card Billing Address Zip Signature: IRS Audits of Estate & Gift Tax Returns Elder Law 101 Tax Compliance for Nonprofits Evaluating Life Insurance Policies Farm & Ranch Identity Theft The CPAs Role in Advising Clients on Buying & Selling Businesses YES, I would like to attend Ethics for CPAs on Tuesday, January 12 th Managing Your Tax Practice for Fun & Profit Foreign Filing Foot-faults International Tax Planning Issues Tax Planning for Closely Held Businesses S Corp & Partnerships Basis Tax Reporting/ Reconciliation of Hedge Fund & Other Alternative Investment Excel Updates and Answers Course Objective: To prepare for the upcoming Tax Filing Season with updates on timely topics Level of Instruction: Overview/Update Prerequisite: General knowledge of subject matter unless otherwise noted Amt TSBPA Sponsor ID # Are you a CPA: Yes No New Firm or Address? YES, I would like to order/prepay $49.00 for a Binder of Complete Printed Course Materials (onsite availability limited). MATERIALS BINDER ADD $49 to Amount Paid.* Houston/TSCPA Student or CPA Candidate: CALL FOR SPECIAL DISCOUNT RATES CSC is the three digit verification number on the back (four digit on the front for Amex) of your card. $50 CANCEL FEE BEFORE 12/31; $25 LATE FEE AFTER 12/31; FREE PARKING. For more information, see Page 4 detailed brochure mailed under separate cover.

5 CPE REGISTRATION FORM Date Course # Topic CPE Mbr/Nonmbr Fee 11/18 YPC2015.X 4th Annual Young Professionals Conference 8 $125/$175 $ Candidates & Students must register online or by phone 11/20 PRE091.H Ethical Business Decisions by Texas CPAs 4 $100/$150 $ 12/1 ENG176.M Target Costing: A Cost Management Tool 2 $55/$75 $ 12/14 SEM158.F Tillinger s Federal Tax Update 8 $225/$275 $ 12/15 ENG177.M Accounting Update & SEC Hot Topics 2 $55/$75 $ 12/17 SEM182.F Blaise Bender s Individual Tax Update 8 $225/$275 $ 12/18 SEM185.F Blaise Bender s Business Tax Update 8 $225/$275 $ 12/18 PRE092.H Ethical Business Decisions by Texas CPAs 4 $100/$150 $ 1/11-12 TXP2016.X 2016 CPE Tax Sugar Land Marriott (see page 4 for registration options) 1/18 SEM159.F Tillinger s Federal Tax Update 8 $225/$275 $ 1/25 SEM183.F Blaise Bender s Individual Tax Update 8 $225/$275 $ 1/26 SEM186.F Blaise Bender s Business Tax Update 8 $225/$275 $ 2/8 SEM184.F Blaise Bender s Individual Tax Update 8 $225/$275 $ 2/9 SEM187.F Blaise Bender s Business Tax Update 8 $225/$275 $ 2/18 SEM161.F Tillinger s Federal Tax Update 8 $225/$275 $ TSBPA Registered Sponsor ID # CPE Foundation Total $ Classes held in CPA Training Facility include free garage parking; no accommodation for oversized vehicles. Ideal meeting room temperatures are difficult to maintain. Participants may wish to bring outerwear to ensure comfort. PLEASE RETURN ENTIRE PAGE WITH PAYMENT REFUND POLICY: Cancellation fees: $5.00 for all 1-3 hour programs; $10.00 for 4-8 hour programs; $20.00 for programs with fees over $100.00; $50.00 for all conferences. NO REFUNDS will be issued on cancellations received after 12:00 Noon five working days prior to the seminar. NO SHOWS forfeit the entire registration fee. YOU WILL RECEIVE A REGISTRATION CONFIRMATION ( ONLY) WITHIN 7 DAYS OF RECEIPT OF PAYMENT. Attendance confirmations may be obtained following the program. A registration may be transferred to another individual; an additional registration fee will be charged to a nonmember CPA transferee. Make checks payable to: Houston TSCPA Foundation 777 Post Oak Blvd., Suite 500 Houston, Texas / FAX (713) (For Credit Card Registrations only) FOR OFFICE USE ONLY CK# $ F I NAME BADGE NAME FIRM ADDRESS CITY/ST/ZIP+4 DAYTIME PHONE NO. FAX NO. ARE YOU A CPA? Y N NEW ADDRESS/PHONE FOR CREDIT CARD PAYMENT: Auth Code AMEX VISA MasterCard Discover Card No. Exp Date *CVC Number *Three digit security code on the back of card (four digit on front of AMEX). Cardholder Name (please print) Signature Card Billing Address Zip Code (if different from left) LOGIN and Register Online One registration per form. Copies accepted. WALK-INS SUBJECT TO LATE FEE. Special Dietary/ADA Needs? Call Page 5

6 NONPROFIT ORG US POSTAGE PAID Houston, Texas Permit No LOGIN and Register Online TSCPA Course Schedule (To register go to or call ) DATE COURSE/LOCATION HRS 11/16 Applying the Uniform Guidance for Federal Awards in Your Single Audits 8 11/19 Construction Contractors: Accounting, Auditing and Tax 8 11/20 Real Estate Accounting and Financial Reporting: Tackling the Complexities 8 12/3 Fiduciary Income Tax Returns - Form 1041 Workshop 8 12/4 The Complete Trust Workshop 8 12/10-11 CPE EXPO Conference (George R. Brown Convention Center) 20 1/7 Advanced Individual Income Tax Returns Issues 8 1/8 Advanced Technical Tax Forms Training LLCs, S Corporations and Partnerships 8 1/11 LLC and Partnership Errors and Omissions 8 1/15 Top Tax Issues for Partnerships and LLCs 8 All courses are held at the HCPAS Training Facility unless otherwise noted.