SUMMER 2019 | VOLUME 35, NUMBER 3
CPAs
LEADING THE WAY Inside: 2019 legislative session wrap-up and meet FICPA 2019-2020 Chair, Abby Dupree
PAGE 8 Meet the 2019-2020 FICPA Board of Directors
PAGE 24 Responding To and Preparing For a Data Breach: Not If, But When
PAGE 47 Of Course! CPE Catalog
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CONTENTS PRESIDENT/CEO Deborah L. Curry, CPA, CGMA EDITORIAL COMMITTEE William C. Quilliam, CPA, chair Keith C. Blackman, CPA Douglas E. Day, CPA Lynda M. Dennis, CPA David J. Hochsprung, CPA David S. Holland, CPA Jonathan S. Ingber, CPA Michael S. Kridel, CPA Troy Y. Manning, CPA Ryan A. Myers, CPA All articles submitted to Florida CPA Today are subject to technical review, Editorial Committee review, space availability, and editing requirements and restrictions. Florida CPA Today publishes letters to the editor in its Members’ Forum. For information about the guidelines, visit ficpa.org/letterstoeditor. Statements expressed herein are those of the identified authors and not necessarily those of the Florida Institute of Certified Public Accountants, Inc. (FICPA), nor should statements be considered endorsements of products, procedures or otherwise. The FICPA reserves the right to reject any editorial material or paid advertising that does not meet Florida CPA Today criteria or detracts from its ethical and professional standards. Florida CPA Today is published quarterly by the Florida Institute of Certified Public Accountants, Inc., 3800 Esplanade Way, Suite 210, Tallahassee, FL 32311. Telephone: (850) 224-2727 or (800) 342-3197. Visit our website at ficpa.org. This magazine is provided to members of the FICPA. No specific amount of your dues, either expressed or implied, is for this publication. This magazine is not available for purchase by either FICPA members or nonmembers. For display advertising information, contact the FICPA Marketing Department at (850) 224-2727, Ext. 270. © 2019 by the Florida Institute of Certified Public Accountants, Inc. All rights reserved. Reproduction in whole or part is prohibited without the express written consent of the FICPA.
COVER STORIES
CPAs Leading the Way FICPA's 92nd Chair Abby Dupree on Florida's old Capitol steps with (l-r) Rep. Mike Caruso (R); Rep. Cyndi Stevenson (R) and Sen. Joe Gruters (R). Cover stories Photo Credit: Tim Wheeler, TREW Media.
FEATURES
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DEPARTMENTS
Meet the 2019-2020 FICPA Board of Directors Meet Abby Dupree, FICPA 2019-20 Chair Session 2019 – Lawmakers Address Florida CPA Requirements, Tax on Services Thwarted Responding to and Preparing For a Data Breach: Not If, But When
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President's Message News Briefs Staff Reports DOR Update CPAs in the Spotlight Marketplace Of Course! CPE Catalog
Does Your Limited Liability Company Have a “Prenuptial Agreement?” (If Not, Consider Reading This) Visit issuu.com/ficpa to access and download the digital version of Florida CPA Today. SUMMER 2019 | FLORIDA CPA TODAY
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PRESIDENT'S MESSAGE
Something in Common, for Florida’s Greater Good In support of those impacted by Hurricane Michael
DEBORAH L. CURRY CPA, CGMA
We are channels for solutions – responsible parties working together — improving how Florida addresses natural disasters; assisting friends, families and neighbors neighbors facing the devastating financial consequences of Hurricane Michael.
The FICPA, IRS, the Florida Chamber Foundation (Foundation) and Rebuild 850; what do these entities have in common? We are channels for solutions – responsible parties working together – improving how Florida addresses natural disasters; assisting friends, families and neighbors facing the devastating financial consequences of Hurricane Michael. Nine months have passed since Michael hit Florida; the first Category 5 making landfall in the U.S. since Andrew, 27 years ago. How do we begin? We start with recognizing the massive scope of the problem; add the desire to solve it and deep commitment to long-term recovery. We need to work all three fronts so we don't forget, or expect a quick fix. Those still living amid catastrophe damage need assistance, in many forms and from different directions. Here’s what’s happening: In May we, the FICPA members representing you on the AICPA Council, again charged up Washington D.C.’s Capitol Hill to convene with Senators and House Representatives. We urged Florida’s Congressional Leaders to continue pushing hard for permanent disaster relief taxpayer provisions. For now, the federal government deals with each disaster individually and often, too slowly. You've likely experienced this, for example, as long delays in granting simple post-disaster tax filing extensions. Congressional House of Representative members have taken the initiative to author a letter to IRS Commissioner Rettig, asking for greater assistance in determining property casualty losses for tax purposes. Additionally, the AICPA/ FICPA have proposed Permanent Tax Relief provisions such as allowing taxpayers to access their own retirement funds immediately, without penalty, while awaiting government assistance that frequently comes far too late. Further bolstering disaster relief, the Foundation created the Hurricane Michael Recovery Mission. Over two days recently, Foundation Trustees and guests visited Panhandle businesses and residents still struggling to survive, let alone
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FLORIDA CPA TODAY | SUMMER 2019
PRESIDENT'S MESSAGE
recover. My husband attended in my absence. He shared his sorrow and disbelief at the deplorable, widespread living conditions inside the storm-tossed area. The damage estimates are at least $5 billion. Beyond the money, the emotional costs are immeasurable. In a true case of political clout for greater good, former Florida House Speakers and a former U.S. Representative are co-chairing Rebuild850. Through Rebuild850, the Foundation continues sharing the story of Hurricane Michael and underscoring the need for Florida’s business community to help in recovery. The IRS, the Foundation, political leaders, Rebuid850 and the FICPA — we all have something in common, our ability to effect change in ways that others may not. While it may seem limited, these efforts are our way of joining in the fight to do what we do best — putting our financial expertise to work and standing as a voice united for the public. The IRS can implement new rules where allowed; our elected officials can work together passing laws that make sense and solve problems now; the Foundation can mobilize support from Florida businesses as the FICPA continues representing our members on the state and national stages. The momentum is accelerating, let’s all stay committed for the long-term. Learn more, visit ficpa.org and Rebuild850.
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NEWS BRIEFS
FICPA NEWS
Yellow Ribbon Club in Session
Past Chairs & Presidents gather at Mega CPE Conference
Every year, the sitting FICPA chair turns over leadership responsibilities to the incoming chair, during a ceremonial passing of the gavel and changing of name badge ribbons from red to yellow. Only past chairs (known as past presidents prior to 2013) have the honor of wearing the yellow ribbon. They are affectionately known as members of the exclusive “yellow ribbon club.� At the 2019 Mega conference, President-CEO Deborah Curry hosted a yellow ribbon club dinner. In attendance were (l-r), Stam Stathis (2011-12); Joey Epstein (2016-17); Alan Fisk (1995-96); Deborah Curry; Dom Pino (2002-03); Bill Pruitt (1989-90); Mia Thomas (2015-16); Pat Knipe (1979-80); Gary Fracassi (2018-19); Scott Price (2012-13); Jose Valiente (2009-10) and Dave Dennis (2007-08). View complete list of FICPA Past Chairs and Past Presidents here: www.ficpa.org/Content/AboutJoin/About/History.
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Appelrouth Farah & Co., P.A. Opens New Sunrise Office Appelrouth Farah & Co., P.A. (AF&Co) has opened a new office in Sunrise to improve and enhance its client service, operations, and expand its overall presence in Broward and Palm Beach counties. The new location enables the firm to offer its auditing, domestic and international taxation, litigation support, forensic accounting, fraud examination, business valuation, and family office services with a more local and personal touch. Brian Leitstein, CPA will manage the office. Headquartered in Coral Gables, AF&Co now has five offices, including an overseas location in Puerto Rico.
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SUMMER 2019 | FLORIDA CPA TODAY
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NEWS BRIEFS
COMPANY NEWS
FIRM NEWS
Mauldin & Jenkins acquires Jon Campbell & Associates
Withum Opens UCF Learning Lab
Top 100 Firm Mauldin & Jenkins (M&J) has acquired Jon Campbell & Associates, an advisory firm that services community banks and other financial institutions in Florida. As part of the deal, the firm’s president, Jon Campbell, and his staff joined M&J’s Bradenton, Florida, office, one of eight locations operated by the Atlanta-based firm. “This combination gives the M&J financial services team additional resources while significantly increasing the firm’s presence and recognition within the state of Florida,” said M&J managing partner Hanson Borders. “This merger will further enhance the level of financial services expertise and informational resources that our community banking clients rely on in their overall risk management, internal audit, regulatory compliance and loan review functions,” said Campbell.
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The vision and mission for the lab displayed on entry wall.
In March, the Withum Learning Lab opened its doors to students at the University of Central Florida (UCF). The on-campus educational lab provides UCF Kenneth G. Dixon School of Accounting students with workstations, tutoring services and space to collaborate with fellow accounting majors. The lab was opened to posthumously honor Withum team members Sandi Breitenstein, Barb Sorenson and Robin Word. According to the firm’s website, the three were “incredible individuals and displayed unparalleled enthusiasm and passion for their careers in accounting.” The lab is located in UCF Building BA1.
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Meet the 2019-2020
FICPA Board of Directors The FICPA is proud to welcome our 2019-2020 Board of Directors as the new membership year begins. Get to know the team leading our association forward.
KRISTIN BIVONA, CPA
LYDIA DESNOYERS, CPA, CFE
JULIAN DOZIER, CPA, ABV, CFF, CFE
Kristin is a managing partner with GellerRagans in Orlando. She manages strategic initiatives and day-today operations of the firm, and also provides assurance and tax services for small and large engagements.
Lydia is based in Miami and owns and operates her own firm, Desnoyers CPA, LLC. She also provides educational workshops and courses to small business owners. When she’s not in the office, Lydia enjoys spending time with family and traveling.
Julian leads the forensic accounting and litigation support group for Thomas Howell Ferguson P.A. in Tallahassee. He enjoys, among other things, biking, travel, and the arts — and even serves on the board of the Tallahassee Symphony Orchestra.
A Digital World
Putting Members First
Always Learning
“In public practice, no two clients or jobs are identical ... you are always working to stay on top of emerging issues to better serve your clients and firm.” Serving Every Member
“[The FICPA] is made up of more generations of professionals working together than ever before. Each group has different wants and needs when it comes to their membership. We are working hard to make sure that all of our members are engaged and feel that their membership offers value.”
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“When I first joined the FICPA, I recall most of the CPE courses only being offered in-person. Since then, the FICPA has provided more online CPE and other online resources.” Diversity and Inclusion
“I think there was a need for more diversity and inclusion within the CPA profession and the FICPA has made it a point to address the need.” A Leader's Challenge:
"Prioritizing things that are necessary, but not necessarily popular."
FLORIDA CPA TODAY | SUMMER 2019
“The FICPA is a member-driven organization. If our members aren’t happy, they won’t be members for long. The FICPA has done a good job changing CPE offerings and ensuring our conferences, seminars, and other courses are timely and relevant.” Strategic Focus
“Our members, and the profession as a whole, are being impacted by emerging technologies more each day ... The strategic realignment of [the 2019 Technology Conference] to address those challenges is a direct result of the Board’s drive to provide value to the FICPA’s members.”
JENNIFER GUNTER, CPA, CISA, CISSP, FCCM
TARSHA R. JACOBS, CPA
K. ALAN JOWERS, CPA
Jennifer is the contracts, grants, and funds manager for the Florida Department of Transportation. When she’s not at work, she enjoys her involvement with local nonprofit groups, spending time with her family, and rooting for the Florida Gators.
As the owner of her own firm, Tarsha provides accounting, auditing, and tax services for small businesses, nonprofits, and governmental entities. She is an avid runner, and serves as a volunteer and mentor in various nonprofit initiatives at home in Orlando.
As a partner with Carr, Riggs & Ingram, LLC, K. Alan Jowers works primarily with local governments, nonprofits, and employee benefit plans. He graduated from Florida State University and the University of Alabama.
More than a Job
An Early Passion
Beyond the Numbers
“As I moved further into my studies, I realized the incredible professional growth and diversity of experience that the accounting field offered, and those possibilities solidified my decision [to become a CPA].” Positive Changes
“One important way I have noticed the FICPA has changed is through enhanced diversity: in leadership, membership, and programming.” Listening as a Leader
“Good leaders are able to identify and evaluate the differing (and often competing) priorities of those they represent. Great leaders listen to all ideas and opinions and ensure each person knows they have been heard.”
“I got involved with serving from the first moment I joined the FICPA. This experience has not only provided me with connections that have helped me with my career, but [also] allowed me to develop leadership skills that I wouldn’t have gained anywhere else.” Putting Members First
“I feel our priority as Directors should be to make sure we provide the best benefit to FICPA members, and to find ways to improve the accounting profession as a whole.”
“[As an intern] I spent time with a managing partner who counseled me that the calculator does the math. He said being a CPA is about relationships and solving peoples’ problems.” Evolving with Members
“The FICPA has changed with the shifting demographics of the profession. As the baby-boomers retire, Gen Xers assume a larger leadership role, and millennials come into the profession, the FICPA realizes that the way business has been done won’t be the way it will be done.” Keys for Success
“Never wait for an opportunity to be handed to you ... look to seize opportunities to improve yourself, take on more responsibility, and grow those around you.” SUMMER 2019 | FLORIDA CPA TODAY
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KEY G. O’KEEFE, CPA
W.G. SPOOR, CPA, PFS, CGMA
JASON WATKINS, CPA
Key G. O’Keefe provides tax and accounting services for small businesses, individuals, and estates and trusts as a managing member of O’Keefe, Somerville & Associates PLLC. Outside of her work, O’Keefe is passionate about financial literacy education and has volunteered with Junior Achievement for over 18 years.
As a Partner at Spoor Bunch Franz, W.G. Spoor manages the tax department, advising clients on various partnership, corporate, and inbound tax issues. He is FICPA’s Chair-Elect.
Jason is director of financial operations and treasury management for the Hillsborough County Aviation Authority in Tampa. He and his wife have two dogs (Rosie and Dizzy) and are both avid travelers. Jason holds degrees from the University of Florida and University of South Florida.
A Common Commitment
“[Since I joined], the FICPA has actively pursued current relevance while maintaining historic principles. The path has changed, but not the goals.” Uniting Members
“I believe we need to consider the needs of all members. ... [FICPA] represents all Florida CPAs, from those in the ‘Big 4’ firms, to sole proprietors, to [those in] industry, to [those in] academia. Each may have different priorities, but all are equally important.”
Leadership that Reflects Membership
“The FICPA leadership has become more diverse, reflecting the changing demographics of the members. We are constantly striving to learn how we can best serve all of our members. … I was one of the first to join the Young CPA Committee, so I saw first hand how the FICPA was and is still actively trying to reach out to our younger members.”
“After ten years of FP&A and audit roles, I learned my career options would be limited if I didn’t round out my accounting credentials. Accounting lies at the root of everything that is enterprise management.”
If I Wasn’t a CPA…
On How FICPA is Changing
Staying Positive
Favorite New App
“I always say [I might have been an] architect or designer. I love buildings and design and have always enjoyed reading and watching shows on the topics.” “Whenever we were facing adversity, my father would say: ‘If this is our biggest problem, we don’t have a problem.’ It was a reminder that it could always be worse, and if we remain positive, we will get through it.”
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Laying the Foundation
FLORIDA CPA TODAY | SUMMER 2019
“I’ve noticed a concerted effort [from the FICPA] to expand beyond a public accounting audience, as well as a clear commitment toward engagement with younger generations.” “The 'Wealthfront' app is a really neat way to conceptualize the ideal retirement date for you and a spouse. Graphically, it’s dynamic and works as a sensitivity analysis on the go."
CARIDAD “CAREY” VASALLO, CPA, CFE, CVA, CAMS
Carey is a partner at VMBG Accounting in Miami. In addition to her work with the FICPA Board of Directors, Carey serves on the Florida Bar Grievance Committee for the 11th Judicial Circuit Court. How the FICPA Is Changing
“We have expanded to include more community service events, like the CPA Day of Service, in direct response to young professionals’ desire to be more involved in local charities and nonprofit organizations. Additionally, the make-up of our leadership is younger and more diverse than years past, reflecting the current make-up of our profession more accurately.” New Priorities
“As a Board, we will need to aid in the development of a strategy to engage young professionals, [provide] educational resources ... and promote research on technological changes that could impact our workforce or professional standards.”
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SUMMER 2019 | FLORIDA CPA TODAY
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MEET ABBY DUPREE, FICPA’s 2019-20 Chair
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FLORIDA CPA TODAY | SUMMER 2019
BY JAN DOBSON, editor
H
ow does a math major become the FICPA’s 92nd Chair? “It comes from a series of outstretched hands, and the confidence to accept opportunities,” says Abby Dupree. Dupree began her education as a math major. Not wanting a teaching career, she switched to accounting. She says it seemed so logical to work for an accounting firm and to pursue her CPA license. Today Dupree drives business growth and improvement, though she’s quick to say she does not know all the answers. Instead, Dupree excels at seeking insights from others and weaving feedback into solutions. “Our profession is changing so fast yet the need for CPAs has never been greater,” she explains. “The new CPA is an agile business advisor, assuring business transparency and trust in our high-tech environment.” Dupree – with FICPA Council, Board of Directors and staff guidance, places the needs of FICPA members at the heart of every strategic decision. As she explains, the diverse accounting career options that initially attracted her to the profession also present challenges for today's FICPA governing team; how to stay relevant to members at all stages of their careers, including young CPAs (YCPAs). “I have no idea what YCPAs expect of the FICPA so we regularly seek input from them directly. They have a whole different perspective. They bring a lot of different ideas to the table. We tend to think, ‘Oh, we’ve come up with every idea in the book.’ And then there comes another one,” says Dupree with a chuckle. Early in her career, Rick Carroll, founder and now-retired managing partner of Carroll and Company was instrumental in helping Dupree understand the business side of accounting firms and, most importantly, instilled confidence in her to make decisions. “At times when I was hesitant to make a decision for fear of making a mistake, Rick pushed me to have confidence. He created an environment where it was okay to make mistakes, where risk-taking in pursuit of excellence was essential.” She is also quick to point out the importance of being well-versed. “The people who were partners at the time taught me all the technical aspects. For me to be the whole-rounded CPA that I am, I needed both sides. If I had just learned the technical, I wouldn’t be where I am right now.” Where she is right now is the FICPA’s 92nd leader. As newly-elected Chair, Dupree carries the same philosophy to her work on the FICPA Board and Council that she does as
Photo Credit: Tim Wheeler, TREW Media
Our profession is changing so fast yet the need for CPAs has never been greater...The new CPA is an agile business advisor, assuring business transparency and trust in our high-tech environment. — Abby Dupree, CPA managing partner of her firm; anticipating and delivering what members need. This year she will continue moving the organization along the strategic path already in play. “I am passionate about supporting the FICPA on what we’re already doing. I don’t want to come in and say, 'let’s change this, let’s do this…or that we need a new initiative, a new challenge.' No, let’s keep working on the ones we have,” says Dupree. Maintaining relevance and protecting CPA licenses are two keys. “Florida CPA Political Action Committees (CPAPACs) are important to me. I have been very involved in the campaign finance world. I do see that side of things. We’re fortunate to have some CPAs who are in the legislature. We also have such a dynamic advocacy group. They use PAC contributions strategically to benefit Florida CPAs,” says Dupree. “Another highest-level initiative is locating staff and facility resources where our members are. It is exciting that our new office has just opened in Orlando.” When asked what experienced CPA members can do to help their profession and the next generation to be successful, Dupree doesn’t hesitate. “We need them. I urge experienced CPAs to continue staying involved, and I think they do. I ask that they encourage the younger generation, and mentor young CPAs and students. The biggest thing that experienced CPA members need to know is that we do have to change, and evolve." “I think most people in or nearing the FICPA’s lifetime category agree. They can continue encouraging change and being supportive of the FICPA – realizing that we still are looking out for them, and for every other member.” Family has always been important to Dupree. She says she has two – her personal family and her work family. Her Carroll and Company family, founded in 1990 by Rick Carroll is a full service accounting firm. Based in Tallahassee, the firm has four partners and 19 other SUMMER 2019 | FLORIDA CPA TODAY
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Dupree's work family — The Partners and Staff of Carroll and Company, CPAs
employees, including three working remotely in other cities. “Within our firm we have an open door policy. Anybody can come see me any time. I encourage peer-to-peer learning because the way I teach them might be three levels above where they need to start,” explained Dupree. “I try to set a good example. I talk to people all the time about making sure that they have a life outside of Carroll and Company, that they get involved in other things. We are huge supporters of everybody getting involved in any organization they want to. They can do that on company time. That gives them that other side of their life.” On the personal side, Dupree is married to Stam Stathis. She has a son, two step-sons, two Labrador retrievers named Brody and Bella, and Marshmellow the elder Siamese cat. Son Matthew is a college student in Tallahassee and his mom’s biggest fan. Step-sons Michael and John Dupree work in Panama City. Also a CPA, husband Stathis served as the FICPA’s 84th President (2011-12). Dupree says that he is her uniquely trusted advisor. “I want to learn from him. Stam has helped me know what to expect [in my new role]. I want to know the things that work or don’t work, but I also want him to know that things don’t always have to be the same, they change, and the FICPA has changed. He understands that.” 14
FLORIDA CPA TODAY | SUMMER 2019
Abby Dupree with son Matthew Dupree and husband Stam Stathis, her biggest supporters.
Family has always been important to Dupree. She says she has two — her personal family and her work family. — Abby Dupree, CPA Family ties to accounting don’t stop with Stathis; Dupree’s step-son Michael is a CPA and chair of the FICPA’s Miracle Strip Chapter. Also, as an adopted only-child, Dupree wonders if her biological father, who majored in finance might have had a genetic hand in her accounting path. While she can’t be sure of that, Dupree credits her adoptive mother and father with supporting but never forcing her choice of study. In her later years Dupree’s mother pushed through physical challenges with grace and determination. “I always remember my mother, who was very positive, saying, ‘I don’t care what’s happening in my life, I’m going to live, I’m going to go home. I’m not going to stay in this rehab hospital.’ That stuck out to me, mom was a fighter. Even as bad as things got for her, she was going to keep on pushing through.” Dupree firmly believes that, “Life is too short, it really is. I don’t like to dwell on things that are upsetting. Let’s get those bad things out of the way so that we can move on.” With Dupree at the helm, the FICPA is poised to do just that.
FICPA Chair Abby Dupree in Florida's Capitol Rotunda.
FICPA's 92nd Chair Abby Dupree on Florida's old Capitol steps with (l-r) Rep. Mike Caruso (R); Rep. Cyndi Stevenson (R) and Sen. Joe Gruters (R).
The Road to Leader FICPA Chair Abby Dupree recently sat down with Florida CPA Today editor Jan Dobson to reflect on the state of the profession, the FICPA and what drives her. Following are excerpts from that interview. Q: How has your perspective changed as you have transitioned from FICPA member to Chair? A: “As a member I really, beyond chapter level, had no idea what our involvement was. I started out as a chapter officer (CPE); nothing really stuck out to me as to what happened at higher levels. “A few years later, someone asked me if I had an interest in applying for the board. I thought, ‘You know, I’m in a position in my life where I think I would.’ As I served my first term in 2011, I felt like there was even more that I could learn. If I’m going to be involved, I want to be involved. I want to be the one helping make decisions and helping with some of those questions needing answering. “I wanted to make a difference on a state level, as opposed to just the Tallahassee level. Having total involvement helps you understand many more of the issues our profession is facing – what we should be doing to keep members involved; what they should know. This was my whole transition from member all the way up. As with my career, it took a few years.”
Q: You talk about the challenge of satisfying member needs in various stages and types of accounting careers. How is the FICPA responding, and staying relevant? A: “I think that’s what we ask ourselves in every single meeting, roundtable, lunch, or dinner. We’re always discussing that. The real answer is, you don’t know; you don’t know what makes it relevant for one person over another. A person in industry has a totally different set of expectations of our association than somebody in public practice. “The big thing these days is what do the YCPAs want? How can we get them more involved? We toss around ideas. How do we really know until we ask YCPAs? Each is going to give you a different answer. We’d like to hear from more of them. Yes, back in the day it was our partners and others within our firms who encouraged us to be involved. Every partner in my firm has served as an FICPA chapter officer…and some of our staff too. It’s very different now. “I think the Emerging Leader program is fantastic. We’ve had a couple [Carroll and Company] staff go through it and I know of others; they’re all very impressed. The program has taught them a lot about the profession. I think that’s one thing that we, as a profession, have not done a good job of – helping YCPAs to understand what the big picture is. You just throw them in there; you give them a bunch of work. You think, ‘Oh they’re going to figure it out.’ The FICPA’s Emerging Leader program really helps YCPAs gain a global view.” SUMMER 2019 | FLORIDA CPA TODAY
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Q: How do you stay relevant, personally and professionally amid rapid change? A: “Reading, a lot. Absolutely, being on AICPA Council and the FICPA Board has helped me to see a bigger picture, far beyond the local-firm-in-Tallahassee perspective. My husband Stam feeds me information on a daily basis because he stays very relevant. We have a lot of conversations about new tax law; what’s happening with the CPA exam; or why can’t we get people to not only major in accounting but go the next step to become a CPA. Staying relevant is a hard thing. It’s trying to stay ahead of the learning curve and that’s a tough but vital one to do.” Q: How can the FICPA best prepare for the future, of itself and the profession? A: “For the FICPA Board to recognize that they don’t have all the answers but to continually seek them is a powerful way to move the profession and our organization forward. We have to stay ahead of the curve. I think that the staff is doing a good job of that. With the proliferation of technology it’s difficult in any membership organization to stay ahead of the curve. But we’re Florida; we’re one of the big states. To be able to compare ourselves to other state societies when we’re away at AICPA-State Society Interchange or other joint meetings is fantastic. How else are you going to know what is working for other state societies? This is similar to what CPA firms do; they join an organization in continual pursuit of best practices and innovation.” Q: Do you have a mentor? Have you mentored others? A: “Rick Carroll, who founded Carroll and Company is now retired. Rick was and still is my mentor. He instilled confidence. When you’re a young staff person you’re scared to make decisions. He always encouraged me, ‘It’s okay, if you make a wrong decision, it’s not the end of the world. Nobody’s going to die, nobody’s going to be run over by a bus; it’s okay.’ He taught me leadership and other people taught me the technical aspects of doing my job. “I hope that I have helped to mentor a couple of our partners who were staff people before. I see them as key mentors to our staff. Growing up, my stepson Michael Dupree said, ‘I will never be a CPA. You work way too much. I don’t want to be in this profession.’ Sure enough, once he got through college he decided, ‘You know, accounting is probably a good profession.’ Michael then moved to FSU, finished out his schooling and then worked for us at Carroll and Company. He took the CPA exam, passing it the first time, and now loves being a CPA. So, I hope that I was a mentor to him. He says that I was.”
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Q: There’s no doubt you’re a driver, constantly propelling yourself, others and your firm forward. Where do you get that from? A: “My parents always said, ‘You can be whatever you want to. You can do whatever you want to.’ They never had to say ‘do your homework; you’re not making A's and B's,’ that was just me. Throughout my career others that have said, ‘You should apply for the board,’ or, ‘I could see you serving on this board.’ I think I got more confidence as I went along. Having supporters provides opportunities. Gaining the confidence to accept each opportunity that’s presented can’t help but give anyone a great grounding and propel them forward.” Q: What opportunities are awaiting accounting students? What roles do you think their employers, colleagues and the FICPA have in facilitating their success? A: “I think it goes back to the person. What do they want out of their career? It’s interesting, we’ve had a harder time getting staff to finish out their accounting degree and take the extra step; making time to study for the CPA exam and actually taking it. “When I was coming up through the profession I had no question. Nobody needed to encourage or push me along. If I was going to get my accounting degree, I was going the full mile…why not? I think a lot of people now think well, I can still have a good career without having CPA behind my name. Any staff person who aspires to become a manager or a partner or leader in some aspect of accounting needs to know that employers do look for the CPA license. That license opens many career doors. “A lot of younger staff still sees the partners who work way too much, that don’t have work-life balance. That has discouraged people and leaves them wondering, ‘Why would I want to be a partner?’ “I hope we are changing that. When I started, you worked six days a week during busy season; there was no question. You never took time off, you never took a vacation. You felt very guilty if you had to go to the doctor. It’s not like that anymore. “We hope they don’t feel guilty. We have people who go on spring break – for Heaven’s sake I would never have gone on spring break when I was a staff person. If you don’t let them have their life why would they want to work? “It is true that you’ve got to work to make the money. Well, it also is true that if you make the money, you’ve got to spend it somehow. You’ve got to do something fun and you’ve got to have the time to do that.”
Q: Is there a mentor philosophy or piece of advice especially meaningful to you? A: “Yes. People can do anything they put their mind to. I don’t think anything holds people back. “Had I not received encouragement along the way, mine might be a different story. I never felt that as a woman I couldn’t do something. If anything, early in my career people would say, ‘you’re too young, you don’t know.’ Because I had a young-looking face I’d have to prove that okay, I might be or look young but I still know something. Nobody ever made me feel that I couldn’t do something. Probably that has a lot to do with my successes. People can do anything they put their mind to. “Another thing I always say is that you’ve got to be positive; you’ve got to be happy. Even when bad things are happening I try to find something positive. Otherwise you can tumble down this tunnel and not come out. I think if somebody wants something bad enough, they can do it.”
For the FICPA Board to recognize that they don’t have all the answers but to continually seek them is a powerful way to move the profession and our organization forward. We have to stay ahead of the curve. I think that the staff is doing a good job of that. — Abby Dupree, CPA
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Connecting
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August 22-23, 2019 Orlando + Simulcast CPE: Up to 16 CPAs in state and local governments face a unique and rapidly-changing set of challenges. FICPA’s State & Local Government Accounting Conference provides training (in-person or via online simulcast ) to help them navigate the ethical and practical demands of public service. Attendees will also have the chance to network with other CPAs and professionals in the field.
DON’T MISS OUR ETHICS COURSE ON WEDNESDAY, AUGUST 21!
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ficpa.org/SLGAC
FLORIDA CPA TODAY | SUMMER 2019
Back by popular demand:
David Cotton CPA, CFE, CGFM, Chairman of Cotton & Company
SESSION 2019 –
Lawmakers Address Florida CPA Requirements, Tax on Services Thwarted BY JUSTIN THAMES, DPL, director of governmental affairs A NEW DAY IN FLORIDA
BY LYNDA M. DENNIS
After a record 2018 election turnout and a few recounts, Florida’s 2019 legislative session began with entirely new leadership, from the first floor to the fourth. Driving the legislative agenda were newly-elected Governor Ron DeSantis, House Speaker Jose Oliva and Senate President Bill Galvano. The trio set out to pass their major priorities, including funding for Hurricane Michael recovery, criminal justice reform, new toll highways, school safety, and a program for importing prescription drugs from Canada. Within the 60-day session, the FICPA Governmental Affairs team reviewed more than 3,000 bills spanning a range of policy areas potentially impacting the profession. The most alarming proposal for the profession was the emergence of the first bill in decades attempting to enact a sales tax on professional services. While the measure was never heard, it should serve as a reminder that history does indeed repeat itself and it is incumbent upon us all to be engaged in the legislative process. L-R Rep. Caruso (R); Rep. Stevenson(R) FICPA Chair Abby Dupree and Sen. Gruters (R) Photo Credit: Tim Wheeler, TREW Media
HISTORY MADE: CHANGES TO THE PRACTICE OF PUBLIC ACCOUNTANCY ACT
In 2014, the FICPA began a process to address growing support for alternatives to Florida’s 20-hours of Accounting and Auditing (A&A) continuing education requirement. Members were presented with a survey outlining various proposals to change the composition of the continuing education hours related to A&A. More than 800 voting members responded. The majority of respondents agreed that while maintaining some amount of A&A was beneficial, a reduction would allow flexibility for CPAs to take more courses of relevance to their practice area. In response, the FICPA would adopt a legislative policy allowing for the reduction of A&A hours to “no less than eight hours” in 2015. The concept of more flexibility in the types of continuing education requirements for the profession has since been widely embraced across the country, and even incorporated into the present version of the jointly adopted Uniform Accountancy Act (UAA) by the American Institute of CPAs and National Association of Boards of Accountancy. This year’s legislation package, proposed and supported by the FICPA, implemented the change into Florida law. House Bill 977 sponsored by Representative Cyndi Stevenson, CPA, and its companion, Senate Bill 1252 by Senator Joe Gruters, CPA, made three major changes to Florida’s practice act. 1. Reduced the number of Accounting and Auditing hours required for licensure renewal from 20 to 8 2. Updated the definition of the Practice of Public Accounting to include Statements on Standards for Attestation Engagements (SSAE) 20
3. Capped the number of hours required for reactivation of a license to 120 Five separate legislative committees heard and unanimously voted favorably for the measure before being passed by both bodies of the legislature. The Florida Board of Accountancy also issued a letter of support for the legislation. Governor DeSantis signed CS/HB 977 into law June 7 with July 1 effective date. CPAs renewing after July 1 will be impacted by the change in CPE requirements. The Board of Accountancy will be updating the rules associated with the changes in law and the FICPA will keep our membership informed on the implementation process. DE-REGULATION AND PROFESSIONAL REGULATION
All across the country, efforts by state legislatures at reducing regulations on professions and occupations has raised concerns for the CPA profession, Florida is no exception. Shortly after he took office, Governor Ron DeSantis announced that he would hold a “Deregathon” event to identify state regulations on businesses regulated by the Department of Business and Professional Regulation (DBPR). In the announcement, DeSantis declared, “Aggressive and appropriate deregulation is a top priority of my administration.” These well-intended efforts to reduce government regulation can dramatically impact CPA mobility, substantial equivalency and the uniform regulation of the profession. Along with the above, included in legislation sponsored by Senator Gruters and Representative Stevenson, the FICPA engaged in legislation that was the work-product of the Governor’s “Deregathon” to ensure that the profes-
FLORIDA CPA TODAY | SUMMER 2019
sion was not negatively impacted. The bill, House Bill 27 by Representative Blaise Ingoglia, made narrow changes to the regulation of the CPA profession by eliminating the CPE requirements for CPAs entering the state under mobility. The bill passed through the House of Representatives, but would ultimately fail to pass the Senate. We expect to see similar, if not the exact legislation filed for the 2020 legislative session. In addition to the Deregulation bill, the following regulatory reform bills were considered during the legislative session, but failed to pass: House Bill 397 — Professional Regulation
Required a regulatory board to use specified process for review of applicant's criminal record to determine eligibility for certain licenses. The measure would have prohibited a conviction of crime before specified date from being grounds for denial of certain licenses. The CPA profession was excluded from the impact of this bill. House Bill 679 — Legislative Review of Proposed Regulation of Unregulated Functions
Provided that certain requirements must be met before 1) adoption of regulation of an unregulated profession or occupation, or, 2) substantial expansion of regulation of a regulated profession or occupation. If the legislation had passed, the ability to bring uniformity to Florida’s accounting laws, along with the rest of the states across the country, could have been negatively impacted. View these bills and others the FICPA advocacy team tracked this legislative session by visiting www.ficpa.org/ LegislativeWrapUp.
Special Thanks to our CPA Legislators: We appreciate all your support of the FICPA!
Representative Mike Caruso (R)
Senator Joe Gruters (R)
OTHER NOTABLES...
Wayfair Bill Fails
Senate Bill 1112 by Senator Gruters would have implemented the Wayfair decision and addressed marketplace providers, while dedicating the new sales tax revenue to additional reduction of the business rent tax. The legislation was heard in the Senate, but failed to gain traction this year. We expect to see similar legislation next year. Blockchain Task Force Created with CPA Member
Senate Bill 1024 by Senator Gruters establishes the “Florida Blockchain Working Group” to study the ways in which the state, county and municipal governments can benefit from blockchain-based system of recordkeeping, security, and service delivery.
Representative Cyndi Stevenson (R)
A CPA was added by Senator Gruters to the working group on behalf of the FICPA. The bill passed and has been signed into law by the Governor. Local Government Accountability Bill Passes with FICPA Changes
Senate Bill 7014 by Senator Ed Hooper makes several changes to the auditor selection committee process, including who may serve on the committee. Senator Hooper worked with the FICPA to make changes to the legislation, as proposed by the FICPA State and Local Government Committee. The bill passed and has been signed into law by the Governor. Financial Literacy Passes, Finally
Initially filed by Senator Travis Hutson and Representative Elizabeth Fetterhoff, the “Dorothy L. Hukill
BY THE NUMBERS…
During each legislative session, the FICPA works to identify legislation that directly impacts the profession or has the potential to, if amended, have an impact. 2019 was another historic year with more than 3,400 bills filed. While 3,492 are the most bills filed in over a decade, at 197, this year marked the least number of bills passing. Adding to the bills that the FICPA tracked during session were more than 2,700 filed amendments. The FICPA also tracked more than 300 bills containing language that had the potential to affect the profession in some way.
3,492 = TOTAL NUMBER OF BILLS FILED THIS SEASON 666
number of bills containing the word "audit"
949
STATE AND HOUSE BILLS
number of bills containing the word "tax"
FILED
276
number of bills containing the term "CPA"
PASSED FIRST CHAMBER
200
number of bills that FICPA tracked
PASSED BOTH CHAMBERS
Concurrent Resolutions................... 8...........................2..............................................................2 Resolutions (one chamber)........... 83.........................72...........................................................0 General Bills............................................ 1676.....................293.........................................................174 Local Bills................................................. 54.........................21............................................................20 Joint Resolutions................................. 28.........................3..............................................................0 Memorials................................................ 13..........................5..............................................................1 Appropriation Projects..................... 1630....................0..............................................................0
TOTALS
3492 396
197*
*One Chamber Resolutions Not Included
SUMMER 2019 | FLORIDA CPA TODAY
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Financial Literacy Act,” named posthumously for the champion of financial literacy efforts in Florida, was amended to House Bill 7071 and would eventually pass. The legislation requires all school districts to offer a financial literacy course consisting of at least one-half credit as an elective. The bill was signed into law June 28.
portion, were included. Important to advancing diversity within the profession across the state, the Clay Ford Minority scholarship encourages students to remain in school for their fifth-year of accounting in order to sit for the CPA exam. More than 390 scholarships have been awarded to deserving students since its inception.
CPA PRIORITIES FUNDED IN STATE BUDGET
Each year, the FICPA advocates for specific items funded by CPA license fees to be included in the state’s budget. Again this year, the spending authority for the Clay Ford Minority Scholarship Fund, which is funded with $10 from each CPA license fee, and the DBPR’s Unlicensed Activity Campaign, which is funded by a $5
Governor DeSantis approved Florida's FY 2019-20 $90.98 billion budget June 21, after vetoing $131,281,341 in specific line items. The approved budget included funding for both the Clay Ford Minority Scholarship and the Unlicensed Activity Campaign.
NEED TO KNOW FROM THE BOA
BY BOARD OF ACCOUNTANCY CHAIR TRACY KEEGAN The Florida Department of Business and Professional Regulation (DBPR) have transitioned more than 500,000 licenses since 2015 to an online process enabling a licensee to self-print their license. Beginning July 1, DBPR’s Division of Certified Public Accounting allows CPAs to self-print their professional licenses, through their online accounts in an effort to improve the way they do business. The new process significantly reduces the amount of time it would have otherwise taken for CPAs to receive their licenses in the mail. The Department will no longer print and mail licenses. Licensees will need to log into www.myfloridalicense.com and access or create an account. Licensees will then select “My Account” and follow the step-by-step instructions to print licenses online.
DON’T FORGET:
donate to the Florida CPA/PAC when you renew your FICPA dues. Make a voluntary donation to the CPA/PAC as you renew your membership! Your financial contribution makes the difference in our ongoing work to support pro-CPA, pro-business candidates running for office; educate lawmakers on issues that matter to CPAs; and advocate for protection of the CPA license. The CPA/PAC offers multiple membership tiers, so you can be part of our mission no matter how much you’re able to give. Contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others. The Florida CPA/PAC is registered as a corporation with the Florida Division of Corporations and as a Political Committee with the Florida Department of State.
Learn More: ficpa.org/PACcontribute
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FLORIDA CPA TODAY | SUMMER 2019
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Responding To and Preparing For a Data Breach: Not If, But When BY PETAR BESALEV CISA, CISM, CIPT, CCSK, svp cybersecurity and privacy services at A-LIGN DEFINING A DATA BREACH
News stories regarding security or data breaches appear almost daily. Networks have been accessed, confidential data has been leaked and customers have had their information stolen. Security threats come in many forms, but there is some confusion around what actually constitutes a data breach and what they mean for business owners. A data breach can be defined as an incident in which security defenses are bypassed and information is accessed without authorization. Data breaches can range from minor incidents (the hacking of one individual) to massive, such as the 2017 Equifax incident when hackers stole personal information from more than 143 million Americans. Data breaches are occurring more often, especially to businesses and organizations. A 2019 report from Hiscox found that 53 percent of companies experienced a cyberattack in 2018, a 15 percent increase from the year before. Though these attacks are being detected more frequently, many businesses still are not prepared. In a 2018 cybersecurity resilience study from IBM, almost 80 percent of business leaders admitted to not having a formal incident response plan in place for their organization.
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FLORIDA CPA TODAY | SUMMER 2019
RESPONDING TO A DATA BREACH
So, what happens if you or one of your vendors suffers from a data breach? The affected company must first determine what kind of breach has occurred — common types include cases of employee negligence, unauthorized access, phishing, ransomware and physical theft of devices. The organization then must assess the impact of the breach to the organization. When assessing the impact of the breach, three aspects to should be considered: defining the technical impact, defining the business impact and defining the privacy impact. While not an exhaustive list, the following questions can help guide the organization in assessing the potential impact of the breach: Technical impact:
• What system(s) have been affected? • What is the identified point of entry? • What deficiencies and/or vulnerabilities exist within the current monitoring and detection activities?
Business impact:
• Has this caused an impact on business operations? • Is the business still able to continue operations? • Is third-party assistance needed? • Has there been a breach to “sensitive” or “confidential” data?
Privacy impact:
• What regulations and/or state-specific items is the entity concerned about? • How many users were affected? • Where are the majority of the data subjects located? • Was the data encrypted? • Is this data likely to cause a high-risk to the rights and freedoms of data subjects?
After the impact of the breach has been defined, the company must notify relevant parties. This step should be completed as soon as possible, as most states and many countries have legislation in place requiring the notification of security breaches involving sensitive information. Unfortunately, completing this task can quickly get complicated. Notification requirements not only include impacted customers and businesses, but also reporting requirements to federal authorities. The requirements for notifying affected parties vary based on the state or territory where those individuals reside, so it is important to have the requirements of each state on hand in order to minimize response time.
International organizations must also take note of requirements and laws pertaining to security breaches impacting citizens of multiple countries. This process can sound lengthy and intimidating. However, by being prepared for a breach before it occurs, companies can streamline their response and minimize the impact on normal operations.
Data breaches are occurring more often, especially to businesses and organizations. A 2019 report from Hiscox found that 53 percent of companies experienced a cyberattack in 2018, a 15 percent increase from the year before. PREPARING FOR A DATA BREACH
As with anything else, preparation and practice are keys to minimizing the impact of a security breach. It may not be possible to predict exactly what a breach will look like or when a breach may occur, but there are several steps companies should take to ensure they can respond to the unexpected. Establish a breach team
All members of an organization should have a basic level of knowledge on what to do and who to contact in the event of a breach. However, designating a specific group of individuals who are trained to lead the organization’s response to a breach will simplify the process. The members of the breach team may vary, based on what is logical for the organization, but should typically include forensics experts, incident handlers, executives with crisis management experience, legal counsel and media relations experts. Awareness Training
While the breach team will be the internal experts on security breach response plans, awareness training sessions for all employees is still crucial. After all, an organization’s security is only as good as the least knowledgeable person with access to internal networks and databases. Training sessions should educate all employees on the policies and procedures in place to prepare for cyber threats and explain their roles in responding to a security incident. Every organization SUMMER 2019 | FLORIDA CPA TODAY
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should also continuously update employees on new scams or potential risks as they arise and provide tips on how to avoid falling victim to them. Penetration training
Penetration testing is a simulated cyberattack against an organization’s computer system to test the security of its current technologies and systems. The goal of penetration testing is to identify such vulnerabilities before a malicious source can take advantage. These tests should be run on everything that could potentially be compromised, including servers, firewalls, routers, switches, web applications and wireless technologies. Penetration tests should be conducted on a semi-annual or quarterly basis in order to ensure outdated practices are not being relied upon. Vulnerability scans and assessments
Vulnerability scans and assessments provide detailed reports with explanations about any possible holes in a security system. They also can provide recommendations on how organizations can address the vulnerabilities identified. These scans and assessments should be conducted monthly on all information systems within an organization. Internal SOC team or third-party monitoring
Ideally, an organization should have an internal security operations center (SOC) team monitoring systems and technologies continuously. An internal SOC team ensures timely detection of and response to security incidents and breaches. If that is not possible, an organization may consider working with a third-party security monitoring service (MSSP) to monitor systems within an organization. “IF, NOT WHEN”
When preparing for breaches, companies should think in terms of “WHEN a breach happens, we will do this” instead of “We will do this IF a breach happens.” As data breaches are being discovered and reported more frequently, it is critical for organizations to recognize that establishing and implementing a security breach response plan is an integral part of their cybersecurity preparedness. PETAR BESALEV is the svp cybersecurity and privacy services at A-LIGN. He oversees all security service offerings including PCI DSS, Penetration Testing, ISO 27001, HIPAA/HITECH, FISMA, and FedRAMP. Petar has provided IT security, audit, consulting and compliance services for Fortune 500 companies in multiple industries. Prior to joining A-LIGN, Petar was an IT Risk and Assurance Senior Manager with Ernst and Young (EY).
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FLORIDA CPA TODAY | SUMMER 2019
EXTERNAL BREACH CHECKLIST Breaches at other organizations can still impact your data – if you’ve been affected by an external breach, here’s what to do. DEFINE THE TECHNICAL IMPACT TO YOUR ORGANIZATION 1. What system(s) have been affected? 2. What is the identified point of entry? 3. What deficiencies and/or vulnerabilities exist within the current monitoring and detection activities? DEFINE THE IMPACT TO YOUR ORGANIZATION 1. Has this caused an impact on the organization’s operations? 2. Is the organization still able to continue operations securely? 3. Is third-party assistance needed? 4. Has there been a breach to “sensitive” or “confidential” information? DEFINE THE PRIVACY IMPACT TO YOUR ORGANIZATION 1. What regulations and/or state-specific items are we concerned about? 2. How many users were affected? 3. Where are the majority of the data subjects located? 4. Was the data encrypted? 5. Is this data likely to cause a high-risk to the rights and freedoms of data subjects? NOTIFY RELEVANT PARTIES* 1. Identify impacted customers and organizations 2. Determine if federal authorities must be contacted 3. Keep state requirements on hand, as compliance laws vary 4. Keep international requirements on hand, as breaches may impact citizens of multiple countries *Complete this step as soon as possible to ensure compliance.
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Does Your Limited Liability Company Have a “Prenuptial Agreement?” (If Not, Consider Reading This)
BY GERRARD L. GRANT
G
ood communication is key to having a successful relationship. Based on current divorce statistics in America, approximately 50 percent of marriages end in divorce. Why is this not surprising? Of those divorced couples interviewed, approximately 65 percent cited poor communication as being the primary factor for the deterioration of their marriage, or at least one of them. In business, it is no different. An organization with a culture of positive communication sets the tone for its success. Whether it is a Fortune 500 company, a startup, or a not-for-profit entity, does not matter — communication (good or bad) impacts performance. With the emergence of the limited liability company (“LLC” or “company”) entity type, an owner, known as a “member,” can minimize or prevent setbacks interrupting business operations, or that, in very extreme, can cause it to dissolve.
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Similar to a prenuptial agreement in the marriage context, a properly drafted operating agreement can protect members — and even the company, in the event that a member or members decide to breakup or call it quits. Below are sections, which at a minimum, should be included in a company’s operating agreement: 1. Formation. A formation section includes information concerning the company’s name, date created, its members, office location, registered agent and ownership. Ownership may be determined either by the percentage or interest that a person has in a company, or by membership units (“units”), which is equivalent to shares of a corporation. If a company has different classes of units, this section should detail whether voting rights differ among each class, and if applicable, any distribution waterfalls and preferences describing the ordering of payments among members.
FLORIDA CPA TODAY | SUMMER 2019
2. Management and Voting. A management and voting section provides information on how a company is managed. It is either “manager-managed” by person(s) appointed by members (a manager may, but is not required to, be a member) or “member-managed,” thus managed by its members. This section should also include provisions regarding how the company conducts official business, such as member voting requirements, resolutions for voting deadlocks, protocols for official meetings including proxy voting, and provisions specifying member authority over company affairs. 3. Capital Contributions. A capital contributions section contains information regarding capital contributions made by members (monetary and non-monetary), the amount, value of contribution (if non-monetary), and class of units (if applicable) that each member owns, and whether members may be required to make additional capital contributions.
4. Allocation of Profit and Losses and Distributions of Cash. This section specifies how company profits and losses are shared among members and other fiscal matters. It may explain information on special allocations, which are non-pro-rata distributions. This section should also discuss how distributions of cash shall be made and whether distributions may be “in kind,” which are payments in the form of a security or property other than cash. 5. Membership Changes. A membership change section describes how members are added and removed, if and when members can transfer ownership, and other related provisions. This section should also describe how a company handles a member’s death, bankruptcy of a member, and events that disqualify a person from being a member.
6. Dissolution. A dissolution section provides circumstances when a company may or must be dissolved and the steps involved in winding up business affairs.
disagreement among members ensues. Discipline and effort should be used to avoid falling into this trap, so make drafting this document a priority when setting up your company.
A properly drafted operating agreement is a critical step to starting a company. Members should invest time in creating this tool which promotes formality and separates a company’s business matters from its owners’ personal matters. Costly attorney fees and litigation expenses can be avoided upfront if an operating agreement is properly drafted. Consideration should also be given to tax matters by an attorney experienced in that area. The pitfalls of not drafting a timely operating agreement can be costly. Business owners waiting to draft this document when business activity “picks up” may encounter setbacks if a
GERRARD L. GRANT is a Florida Bar Board Certified Tax Attorney at the law firm of Winderweedle, Haines, Ward & Woodman, P.A. in Winter Park. Mr. Grant advises clients on legal issues concerning entity selection and formation, including drafting governing documents. He is a member of the FICPA; the Tax Sections of the Florida Bar and the Georgia Bar; serves as Co-Chair of the Florida Bar Tax Section IRS Collection Activities Subcommittee and is a member of the Florida Bar Tax Certification Committee. He can be reached at ggrant@whww.com.
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STAFF REPORT
CPAs in Service to Florida Communities On May 18 CPAs statewide took part in FICPA’s annual CPA Day of Service. More than 200 CPAs joined their families and friends in completing 22 service projects in 18 Florida communities This event is spearheaded by members of the FICPA’s Young CPA Committee.
2019 CPA DAY OF SERVICE EVENT ORGANIZERS Alli Lainez, Carr, Riggs & Ingram, LLC — Metropolitan Ministries Allyse Carter, Caler, Donten, Levine, Cohen, Porter & Veil, P.A — Children's Hospital Amy Dean, University of North Florida — Trinity Fitness Andrew Hetzel, PricewaterhouseCoopers LLP — Feeding Northeast Florida B Elisabeth Rossen — Playa Del Mar Association Brian Manuel, Carr, Riggs & Ingram, LLC — City Walk Urban Mission Catharine Gunter, Glickstein Laval Carris P.A. — Feeding Children Everywhere Chandra Clines, Saltmarsh — Metropolitan Ministries Cory Rubal, Caler, Donten, Levine, Cohen, Porter & Veil, P.A. — VA Medical Center Edgar Sierra, Daszkal Bolton LLP — Loggerhead Marine Life Center Elizabeth Jackson, RSM US LLP — Feeding South Florida Jeanna Hermance, Markham Norton Mosteller Wright & Co., P.A. — Harry Chapin Food Bank Jeremy Ochoa-University of West Florida — Council on Aging of West Florida Jessica Jaimes, Homeless Empowerment Program — Homeless Empowerment Program
Pictured are volunteers participating in CPA Day of Service Projects across Florida.
The FICPA extends special thanks to those organizing each service project and thanks all of the volunteers that supported this event. For a complete list of volunteers and projects visit www.ficpa.org/dayofservice. Please join us in May 2020 for the next CPA Day of Service. Together we can make a difference. For more information about Young CPA and student initiatives please contact our Emerging Professional Managers Jennifer Allen or Monica Davila at emergpro@ficpa.org or 850-224-2727. JENNIFER ALLEN, emerging professionals manager, FICPA
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Jill McSpadden, Rivero Gordimer & Co — Keep Tampa Bay Beautiful Jimmy Miller, Kaufman Rossin & Co. — Miami Dade Parks and Recreation Jose Alpizar, De La Vega & Jewett — Lotus House - Sundari Foundation Inc Mallarie Lima, ME & Associates, Inc.— Firewall Centers Samantha Edwards, James Moore & Co. — Food Brings Hope Trey Bruce, Mari Huff, C.P.A., P.A. — Furry Friends Adoption, Clinic & Ranch
STAFF REPORT
FICPA Hires New Chief Member Engagement Officer After conducting a national search, the FICPA is pleased to announce the selection of Maunda Land as its new chief member engagement officer (CMEO). “I am excited to have Maunda join our staff and to put her member engagement talents to work for us,” said FICPA President-CEO Deborah Curry. Prior to joining the FICPA, Land was director, Membership Engagement, Diversity, & Student Programs for The Institute of Internal Auditors, a professional association with 195,000 members worldwide. She holds an Executive Master of Business Administration from the University of Central Florida. Land’s experience includes over 16 years in the nonprofit and association sectors, with emphasis on membership engagement and professional development. A member of the American Society of Association Executives, she also is an ASAE DELP Scholar (Diversity in Executive Leadership Program).
Maunda Land
Land will be managing the FICPA’s Central Florida office, which recently opened in Orlando’s Lake Nona area. “Opening the Central Florida office is yet another step in the FICPA’s commitment to supporting members in all phases of their careers, along with future CPAs,” explained Curry. “We are pleased to locate staff in another area where we can work to increase our personal engagement with our members.” As CMEO, Land is leading the FICPA’s member engagement, recruitment and retention efforts. Her focus is connecting with Florida’s many CPAs to encourage their membership in the FICPA. Land can be reached at maunda@ficpa.org | 407-706-7250.
Are you Using Your Membership Benefits? 30 Hours of Complimentary CPE every membership year Enough to make membership pay for itself
Impact Report Legislative Updates Stay connected to the most important developments during session
Discounted CPE and Events Access hundreds of in-person, online, and on-demand high-quality learning and membership events for less
Volunteer Opportunities Give back to the community through CPA Day of Service and other charity and philanthropic events
Local Chapters Make connections and find local CPAs and business leaders in 26 chapters around the state Member Committees Shape the future of our association by serving on a committee
Legislative Advocacy Stay aware of the issues and support our efforts to educate Florida lawmakers on the value of the CPA profession Exclusive Member Publications Florida CPA Today, NewsFlash Weekly, and CPE Ahead keep you connected to new opportunities
FICPA Connect Collaborate with other members online – anywhere, anytime Communities for Young CPAs, Students, & Women in Accounting Be inspired and learn from members in your shoes Scholarship Foundation Make a difference for the next generation of CPAs Member Discounts Leverage FICPA’s partnerships for exclusive member discounts on products, services, and resources for your business
We have the connections, expertise, and knowledge to help you do your best. SUMMER 2019 Call Member Services at (800)342-3197 x1 with any questions. Renewals open now.
| FLORIDA CPA TODAY
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STAFF REPORT
Event, Scholarship and Board of Trustee News BOARD APPROVES $176,000 IN SCHOLARSHIP AWARDS
At its June meeting, the FICPA Scholarship Foundation Board of Trustees approved more than $176,000 in scholarships to be awarded to 65 Florida accounting students. Recipients will be notified this summer and receive their awards during fall 2019 semester. In April the Board awarded $9,000 in 1040K scholarships (see 1040K update below). For more information about donating to and applying for Foundation scholarships, visit www.ficpa.org/scholarships.
2019 Sponsor Shonda Perry Davis (2nd from L) with daughter and 1040K Student Scholarship Recipients (R-L) Jessica Brajon (FAU), Haydee Figueroa (UM) Melissa De Bedout (UM)
2019 1040K Champions’ Corporate Cup Winner is Team MBAF
THREE STUDENTS AWARDED $3,000 1040K SCHOLARSHIPS ON LAS OLAS BLVD
South Florida runners and CPAs joined together April 27 on beautiful Las Olas Boulevard in Fort Lauderdale to celebrate the crossing of two finish lines – a festive road race AND the tax filing deadline at the 30th Annual 1040K Run. Congratulations to Team MBAF for bringing the most runners and winning the 1040K Corporate Cup. This year’s 1040K scholarship recipients are Jessica Brajon from Florida Atlantic University and University of Miami students Melissa De Bedout and Haydee Figueroa. Each received a $3,000 scholarship, presented in honor of Lewis Davis, Miami-Dade County’s first African-American CPA. Lewis’ daughter, Shonda Perry and family awarded the scholarships.
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We proudly recognize and thank our Platinum sponsors Dosal Tobacco and Four D’s Realty, LLC, along with The Lewis Davis Family Foundation; the FICPA; and Morrison, Brown Argiz & Farra, LLC. We also thank beer sponsor Marcum Accountants and Advisors and all our silver and bronze sponsors for making the 1040K another success. View sponsor list and runner race times at www.1040K.org.
STAFF REPORT
2019-20 SF BOARD OF TRUSTEES ELECTED
The FICPA Scholarship Foundation is proud to announce its 2019-20 officers and Board of Trustees. Officers are serving a 1-year term. Trustees serve staggered terms of up to three years.
2019 SUNCOAST SCRAMBLE RAISES DOLLARS FOR SCHOLARSHIPS
Officers: President, Eugene William “Bill” Moore; President-Elect, William “Will” Quilliam; Vice President, Carshena Allison; Immediate Past President, Alan West; Secretary-Treasurer, Deborah Curry. Newly-Elected Trustees: Sylvana Capaldi, Elizabeth Carlson, Christopher Nelson, William “Larry” Houff, George “Kylan” McNemar, Angela Poole, Richard “Rick” Shapiro and Lazaro "Laz" Gutierrez. Re-Elected Trustees: David Cumberland, George Gulisano, Celina Joszi, Elizabeth Manso, Charles “Chuck” Riggs, Noema “Amy” Santos, Ken Strauss and Paola Suarez. Continuing Trustees: Ashley Fagan, Jason Chorlins, Mamie Davis, Michael Halfast, Monte Kane, Candy Kessel, Jason Klein, Gary Margolis, Steven Morrison, Brandon Perry, Richard “Rick” Smith, G. Michael Stone and Karen Vergara.
GOLFING FORE EDUCATION FUNDS ENDOWMENT FOR SCHOLARSHIPS
Mia Thomas and Golfing Friends Raising Dollars for Scholarships
Golfers and friends of the FICPA Scholarship Foundation enjoyed a day of fellowship and fun to raise funds for accounting scholarships through the Mia A. Thomas Endowment at MetroWest Golf Club of Orlando. Thank you to our sponsors and players for supporting the 4th Annual Golfing Fore Education. To learn how to honor someone special with an endowment or named scholarship, contact SF Sr. Director Jan Dobson, jan@ficpa.org | 850-224-2727, ext. 380.
Congratulations to the 2019 Florida CPA Champions Cup winners Pictured l-r Frank Zeph; Scott Bartholmey, CPA; David Tottle, CPA; Rob Chapman.
Thanks to tremendous support from our CPE attendees, golfers, sponsors, speakers and volunteers, the 15th Suncoast Scramble Golf Tournament raised enough money to fund more than 9 scholarships for deserving accounting students in Tampa Bay and across Florida! May 5 was perfect at the East Lake Woodlands Country Club in Oldsmar. More than 130 turned out for a day of friendly competition and learning. The Foundation and Suncoast Chapter salute our generous presenting sponsor Otegrity. We thank Host sponsor PENSERVCO, along with many birdie, hole and breakfast sponsors and St. Leo University volunteers. View full sponsor listing at www.ficpa.org/golf.
Mark your calendar now for the 16th Suncoast Scramble, May 1, 2020!
To learn how you can support the FICPA Scholarship Foundation or become involved, visit www.ficpa.org or contact Jan Dobson, FICPA Scholarship Foundation sr. director, at 800-342-3197, ext. 380, ficpascholarship@ficpa.org.
SUMMER 2019 | FLORIDA CPA TODAY
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STAFF REPORT
FICPA Members Visit Lawmakers in Washington, D.C. To Discuss Issues Important to the Accounting Profession Members of the FICPA visited Florida lawmakers in Washington, D.C. to discuss the accounting profession’s advocacy agenda. The Florida CPA Delegation was attending the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members’ Meeting. “Making these personal visits with our elected officials on Capitol Hill is one of the best ways we can educate them about issues important to the accounting profession and Florida taxpayers they represent,” said Deborah Curry, FICPA president-CEO. The Florida delegation includes Jeffrey Barbacci, Kristin Bivona, Eduardo Duarte, Abigail “Abby” Dupree, Gary Fracassi, Sarah Funk, Alan Jowers, W.G. Spoor II, Alan West, along with Curry and Director of FICPA Governmental Affairs Justin Thames.
L-R Kristin Bivona, Congressman Darren Soto, W. G. Spoor
The Delegates, working with Thames, provided daily “Live from Washington D.C.” video updates to FICPA members. At the top of the profession’s list of issues are modernizing the Internal Revenue Service’s (IRS) taxpayer services, changing the trigger that allows the IRS to grant deadline extensions when natural disasters occur, the growing importance of taxation of the digital economy and a Congressional resolution relating to the fiscal state of the nation. Congress can help Florida taxpayers, and all others nationwide, by enacting legislation giving the IRS the authority to postpone deadlines when a national disaster is declared by a state’s governor, which often occurs days before the disaster occurs, rather than waiting for a federal disaster declaration, the CPAs said. The FICPA and the AICPA have long worked for a set of permanent disaster relief tax provisions, but enactment of this new legislation would provide more timely assistance and certainty to tax preparers and taxpayers.
L-R Kristin Bivona, Gary Fracassi, Congressman Vern Buchanan, W.G. Spoor and Justin Thames
Also, a Practitioner Services Division within the IRS improves taxpayers services, the CPAs told lawmakers. It would help tax preparers solve their clients’ tax issues by consolidating existing IRS units in the new division. Currently, the programs are spread throughout the IRS and the operating systems for the programs do not easily communicate or integrate or even have access to the same taxpayer information. The CPAs also asked their lawmakers to support a Congressional fiscal state of the nation resolution calling for the Government Accountability Office Comptroller General (GAO) to make a presentation to a joint session of the House and Senate Budget Committees on the GAO’s auditor’s report of the U.S. government’s financial statements. In addition, the CPAs advocated for sound tax policy as they discussed with lawmakers the complex and unique tax challenges presented to governments and tax authorities around the world by the advancement of technology and the digital economy. For more information visit www.ficpa.org/livefromwashington.
L-R Alan West, Congressman Al Lawson, Deborah Curry and Abby Dupree
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JUSTIN THAMES, DPL, director of governmental affairs, FICPA
FLORIDA CPA TODAY | SUMMER 2019
STAFF REPORT
FICPA Government Affairs Holds New Office Grand Opening The FICPA’s Governmental Affairs department hosted a grand opening at its new headquarters May 14, in downtown Tallahassee. The Grand Opening marked the first official event held at the new office, located just steps away from the Florida State Capitol building. “We’re excited about the potential impact we can make from our new location,” said Justin Thames, director of governmental affairs for the FICPA. “We pride ourselves on our close FICPA board, friends and staff join Tallahassee Chamber Ambassadors for ribbon cutting. connections to the Florida legislature, which means we can advocate more effectively on behalf of our members and provide updates, as they happen, in the House and Senate. With its proximity to the Capitol, the new office enhances our ability to serve members in a tangible, immediate way.” JUSTIN THAMES, DPL, director of governmental affairs, FICPA
SAVE THE DATE
October 24-25, 2019 | Ft. Myers The Florida Gulf Coast University Accounting & Tax Conference brings the experts to Ft. Myers to explore the latest trends, topics and challenges facing CPAs today. Discover how these key issues affect the profession broadly and in the FGCU community. Attendees will hear from leaders in the profession on topics ranging from: Cyber Security, Peer Review, Review Financial Statements, New Partnership Audit Rules, Not for Profit A&A Update, FASB Update to include Revenue Recognition, and much more.
ficpa.org/FGCUAC SUMMER 2019 | FLORIDA CPA TODAY
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STAFF REPORT
2019 Women to Watch Award Winners Honored The Women to Watch Emerging Leader award honors a woman who has made significant contributions to the profession and to her community even in the early stages of her career. The 2019 Women to Watch Emerging Leader Award winner is Gretel Perez, CPA. Perez is a graduate of Florida International University with a Master of Science in Taxation. Currently she is senior manager of the tax and accounting team at the public accounting firm of Perez-Abreu, Aguerrebere, Sueiro & Torres, P.L. (PAAST). L-R FICPA Chair Gary Fracassi, W2W Experienced Leadership Award Winner Wendy Terry, W2W Emerging Leader Award Winner Gretl Perez, FICPA President-CEO Deborah Curry
The Women to Watch (W2W) Awards were created by The American Institute of CPAs in 2010 to recognize outstanding women in the accounting. Annually the W2W awards recognize outstanding women who not only shape the FICPA, but also the profession. The W2W awards are given in two categories: Experienced Leader and Emerging Leader. The “Experienced Leader” Award recognizes a woman who has advanced to a leadership or higher-level position within her profession, and who has more than ten years’ accounting experience. The 2019 Women to Watch Experienced Leadership Award winner is Wendy Terry, CPA, CGMA.
Terry, a partner in Withum's Florida office, has extensive experience with multinational clients in the manufacturing and distribution sectors. She is an employee benefit plan specialist and has a deep understanding of Cost Accounting Standards and Federal Acquisition Regulations. Terry was appointed to the 2012-17 AICPA Employee Benefit Plan Expert Panel. In 2017 and 2018 she chaired the AICPA National Employee Benefit Plan Conference and in 2017 was appointed to the AICPA’s Employee Benefit Plan Audit Quality Center (EBPAQC) Executive Committee. Active in her community, Terry serves on the Boards of the Orlando Economic Partnership and Cornerstone Hospice. She is a member of the Special Olympics Florida audit committee and volunteers extensively with various local education initiatives including the Lake County Career Technical Educational Advisory Board, the South Lake Community Foundation Education Grant Committee and the Chamber’s Education committee. 36
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Working in PAAST’s Coral Gables office, Gretel is described as one of the firm’s most trusted international and domestic tax advisors. She is an esteemed mentor to the tax department staff, taking time to train her staff monthly on a number of tax affairs. Through her interest and dedication to developing her department, Perez regularly demonstrates her engaging leadership style. Perez also is President of the Cuban-American CPA Association (CACPAA) and has held the position since 2017. Her leadership and contributions as President have helped the association in providing the most relevant training sessions and networking events for its members. She is proud to continue the CACPAA’s long-tradition of community outreach, volunteerism and helping others. Perez also gives back to her local community by assisting with fundraisers and toy drives for underprivileged children. Congratulations to our 2019 winners Wendy Terry and Gretel Perez. Nominations for the 2020 Women to Watch Awards will be accepted beginning December 1, through January 15, 2020. More information will be posted to FICPA.org when it is available. Plan now to join us for the Women to Watch award presentation at the 2020 Women’s Leadership Summit, held in conjunction with the Mega CPE Conference in Orlando the week of June 10-13 at the Disney’s Contemporary Resort. DEBRA KELLY, member connections manager
SAVE THE DATE
October 24-25, 2019 | Tampa FICPA’s University of South Florida Accounting Conference presents a wide range of practical, informative training in a local setting convenient for you. Attendees will have the opportunity to join other Florida CPAs as they hear from industry experts and explore issues relevant to them.
FICPA.ORG/USFAC
SUMMER 2019 | FLORIDA CPA TODAY
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THANK YOU
FOR JOINING US AT THE MEGA CPE CONFERENCE PLATINUM SPONSORS Aon Insurance Services, Inc. — Chairman’s Celebration (6/13/19) CNA Insurance — Chairman’s Celebration (6/13/19) Member Benefits, Inc ADP 38
SILVER SPONSORS | Entigrity | First Home Bank Sixty West | TruVestments
FLORIDA CPA TODAY | SUMMER 2019
ADDITIONAL SPONSORS Deloitte | LTC Global Liberty Mutual Insurance | Thomson Reuters
SAVE THE DATE
June 10-13, 2020 Join us again at
Disney’s Contemporary Resort FICPA.ORG/MEGA
#MEGACPE SUMMER 2019 | FLORIDA CPA TODAY
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DOR UPDATE
Recent Changes in Florida Legislation BY ALEXANDRIA BICKLEY, deputy communications director, Florida Department of Revenue
The Department of Revenue (DOR) tracked more than 470 unique bills during the session, covering topics such as taxation, education, and corporate income tax... For additional information about 2019 DOR-related bills [visit] floridarevenue.com. During the 2019 legislative session, the Florida Legislature considered over 3,400 bills. The Department of Revenue (DOR) tracked more than 470 unique bills during the session, covering topics such as taxation, education, and corporate income tax. Brief descriptions are provided for major bills the Department will be implementing upon becoming law; please review the approved legislation for the most up-to-date details.
mercial rent tax, which lowers the tax rate to 5.5 percent, effective January 1, 2020. Temporary sales tax exemptions for certain agricultural property damaged by Hurricane Michael were also provided for in HB 7123, including refunds of tax paid for purchasing materials used for repairing fences on agricultural property and refunds of tax paid for building materials used for replacing or repairing nonresidential farm buildings.
HB 7123 was signed into law by Gov. Ron DeSantis May 15. This bill established a 7-day disaster preparedness sales tax holiday from May 31 through June 6. Exempt items, for example, include batteries selling for $30 or less and generators selling for $750 or less. HB 7123 creates a 5-day backto-school sales tax holiday which will take place August 2-6. Exempt items include clothing under $60 and select school supplies under $15. The legislation includes a reduction in com-
HB 7070, signed by the Governor May 9, authorizes unallocated funds under the Hope Scholarship Program to be used to fund the Florida Tax Credit Scholarship and revises required language on the contribution election form.
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HB7127 relating to corporate income tax was passed by the legislature May 2 and signed into law June 28. This law updates the Florida corporate income tax code, increases the automatic tax rate adjustment and refund mechanism
FLORIDA CPA TODAY | SUMMER 2019
to three years if certain revenue collection thresholds are met, and provides a subtraction for Global Intangible Low-Taxed Income (GILTI) from taxpayers’ federal taxable income. It also requires Florida corporate income tax filers to submit certain information related to their federal tax returns to the DOR using a secure online application created by the Department. The Department recently completed a thorough review of how the Tax Cuts and Jobs Act of 2017 will affect Florida corporate income tax. More information can be found at floridarevenue. com/citreview. For additional information about 2019 DOR-related bills, a Post-Legislative Review will be available on the website in late summer and can be found at floridarevenue.com. ALEXANDRIA BICKLEY, deputy communications director, Florida Department of Revenue
SAVE THE DATE
November 7–9, 2019 Gainesville and Simulcast
The FICPA University of Florida Accounting Conference brings essential CPE training to Gainesville. Attendees will hear from leading speakers and instructors, all hand-picked to share knowledge on the broad and local issues that matter to you. Join in person or via online simulcast and connect with other CPAs in the University of Florida community.
ficpa.org/UFAC
SUMMER 2019 | FLORIDA CPA TODAY
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CPAS IN THE SPOTLIGHT
FORT LAUDERDALE MARCUM LLP
Marcum LLP has admitted Andre Benayoun, JD, as a partner in its Tax & Business Division. Benayoun specializes in Andre international taxation Benayoun for multinational corporations, S corporations, partnerships, and high net worth individuals and families. His experience includes cross-border mergers & acquisitions, multinational tax treaties, and pre-immigration and repatriation planning.
FORT MYERS MARKHAM NORTON MOSTELLER WRIGHT & COMPANY, P.A. (MNMW)
Tami Cindrich
Courtney Crowley
Tami Cindrich, CPA, CHBC, a Firm Partner with Markham Norton Mosteller Wright & Company, P.A. (MNMW), was Elisa Bowersox, recently appointed to serve as the Board Treasurer for the Cape Coral Community Foundation. In this role Cindrich will oversee the financial assets and liabilities for the foundation. Courtney Crowley recently joined the firm’s Litigation Support, Forensic Accounting, and Mediation Services team. Elisa Bowersox recently earned her license as a Certified Public Accountant (CPA).
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JACKSONVILLE
PANAMA CITY
CALER, DONTEN, LEVINE, COHEN, PORTER & VEIL, PA (CDL)
TIPTON, MARLER, GARNER & CHASTAIN
David Donten, shareholder with the CPA firm of Caler, Donten, Levine, Cohen, Porter & Veil, P.A. (CDL) joined the Board of David Donten Directors of Quail Valley Charities, part of Quail Valley Golf Club, River Club and The Pointe in Vero Beach.
Tipton, Marler, Garner & Chastain welcomes Amy Pfau, Easton Ramer and Jennifer Davidson as new shareholders. All have been associated with the firm for more than a decade.
MIAMI MBAF
Nationally recognized public accounting and advisory firm, MBAF, announces that Alexander E. Binelo, CPA, principal and leader of the firm’s Healthcare Audit practice, has been elected to the Greater Miami Chamber of Commerce Board of Directors.
ORLANDO FLORIDA MUNICIPAL POWER AGENCY
Linda S. Howard,CPA and Chief Financial Officer for Florida Municipal Power Agency of Orlando recently was honored by Onyx Magazine as one of its Women on the Move (WOTM) at the 4th Annual awards luncheon.
FLORIDA CPA TODAY | SUMMER 2019
Amy Pfau provides audit expertise in condo and homeowner associations, employee benefit plans and other entities. She is a Gulf Coast Community College and Florida State University alum. Easton Ramer began in 2008 as a student intern at the firm. He advises clients on various types of audits. Ramer is an FSU graduate. Jennifer Davidson has been with the firm for 15 years. She performs various types of audits and accounting services.
TALLAHASSEE THOMAS HOWELL FERGUSON P.A. CPAs
Thomas Howell Ferguson P.A. CPAs congratulates Taylor Harmon on being recognized as a Tallahassee Network Taylor Harmon of Young Professionals’ Golden A.C.E. Award Winner.
TAMPA SUN 'N FUN FLY-IN, INC
Tracy Neal is the chief financial officer of SUN 'n FUN Fly-In and a Tampa Bay Business Journal 2019 CFO of the Year honoree.
CPAS IN THE SPOTLIGHT
WEST PALM BEACH CALER, DONTEN, LEVINE, COHEN, PORTER & VEIL, PA (CDL)
Michele Schneider, a certified public accountant with Caler, Donten, Levine, Cohen, Porter & Veil, P.A., (CDL) has Michele become a member of Schneider Keiser University’s Bachelor of Business Administration Advisory Board. BERKOWITZ POLLACK BRANT
Brent Leslie, CPA, has joined Berkowitz Pollack Brant Advisors and Accountants as a director in the Audit and Attest Services practice. Brent Leslie Leslie will be based in the firm’s West Palm Beach office.
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Congratulations to the Summer 2019 CPAs in the Spotlight! For more news about FICPA members, visit CPAs in the Spotlight at ficpa.org/cpaspotlight. Please email submissions for CPAs in the Spotlight to Communications@ficpa.org. Announcements published on this page are limited to news focusing on FICPA members, including promotions and new hires; speeches at professional conferences and other news, such as recognition of business achievements. We do not publish FICPA committee appointments because of space limitations.
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OWN YOUR OWN OFFICE SPACE THIS YEAR 2,500 RSF Office Condo for Purchase Downtown Boca Raton. Reduced by $200,000. Upgraded finishes. Furnishings available. Garage parking. Reception area, two small 6'x8' offices, five larger private offices (incl. one w/bathroom & shower), conference room & more. This is a link to a video tour: https://roundme.com/ tour/340223/view/1136420/ Jason Stagman, CCIM Stagman Commercial Real Estate Advisors ITRA Global 561-376-5100 OFFICE SPACE DADELAND AREA CPA has office & cubicle available for lease in CPA suite shared by 5 independent CPAs. Office includes filing cabinets & floor-to-ceiling windows. Conference room, kitchen, telephone & internet access are included. Multi-Function Copier available. Free parking. ron@ronwcpa.com
Notice of Regular Council Meeting FICPA OFFICIAL NOTICE In compliance with Article XI, Section 6 of the FICPA Bylaws, be it known that the regular meeting of the FICPA Council will be held at 9:00 a.m. on Friday, Sept. 20, 2019, via conference call.
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Have a job opportunity, looking for your next staff member or intern for tax season, check out ficpa.org/OneSource.
Karen Casey P: (727) 223-3847 - Clearwater, FL kcasey@kcaseybookkeeping.com
Making our expertise and proficiency work for you and your clients SUMMER 2019 | FLORIDA CPA TODAY
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SEMINAR DAYS
Essential Courses. Multiple Topics. Convenient Location. Low Price. Seminar Days are designed to meet the needs of your busy schedule, offering timely CPE courses, a variety of topics and great networking opportunities — all in your area. Select seminars will be available via simulcast. Location is to be determined unless otherwise noted.
Seminar Days Coral Gables
Seminar Days Orlando
Date: December 2-5, 2019 Location: Courtyard by Marriott CPE Credit: Five Courses, 32 CPE Credits
Date: November 19-22, 2019 Location: Courtyard Orlando International Drive CPE Credit: Five Courses, 32 CPE Credits
Seminar Days Ft. Lauderdale
Seminar Days Tampa
Date: December 9-13, 2019 Location: Sheraton Suites Fort Lauderdale CPE Credit: Five Courses, 36 CPE Credits
Seminar Days Miami Date: November 18-22, 2019 Location: Sheraton Miami Airport Hotel CPE Credit: Six Courses, 36 CPE Credits
Date: November 11-15, 2019 Location: Stetson University College of Law + Simulcast CPE Credit: Nine Courses, 72 CPE Credits Date: December 9-13, 2019 Location: Stetson University College of Law + Simulcast CPE Credit: 12 Courses, 80 CPE Credits
For course summaries and to view all of our upcoming CPE programs, visit the online catalog at www.ficpa.org/cpe. Take advantage of our Early Bird Prices — register more than 30 days in advance and save $55. Members of the FICPA save an additional $125 on full days of instruction and $65 on half-days.
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Join the FICPA now at ficpa.org/JoinUs
FLORIDA CPA TODAY | SUMMER 2019
JULY – SEPTEMBER 2019
CPE CATALOG
TOPICS INCLUDE
ALSO INSIDE
• ACCOUNTING & AUDITING • A CCOUNTING & AUDITING (GOVERNMENTAL)
• C OMPUTER SOFTWARE AND APPLICATIONS
• CONFERENCES
• FINANCE
• FICPA SEMINARS & SEMINAR DAYS
• BEHAVIORAL ETHICS
• INFORMATION TECHNOLOGY
• BUSINESS LAW
• MANAGEMENT SERVICES
• BUSINESS MANAGEMENT & ORGANIZATION
• SPECIALIZED KNOWLEDGE
• COMMUNICATIONS & MARKETING
• REGULATORY ETHICS
• ETHICS
• SPECIALIZED KNOWLEDGE
• SIMULCAST EVENTS • NEW! CERTIFICATE PROGRAMS • COMPLIMENTARY CPE
• TAXES
The FICPA hosts over 130 in-person CPE events throughout Florida, and more than 3,000 online events. Not finding what you need in this catalog? Go online to ficpa.org/catalog to see all of our courses. To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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Table of Contents Online CPE.......................................................................47
Complimentary CPE..................................................... 53
Value-Priced CPE...........................................................47
OnDemand CPE.............................................................54
Ethics CPE........................................................................ 52
Save These Event Dates.............................................. 57
GOOD TO KNOW The Florida Institute of CPAs understands how important continuing professional education is toward your success as a Certified Public Accountant. To help you meet your professional development needs, the FICPA has brought together an outstanding collection of CPE programming designed to sharpen your skills, keep you informed of the latest developments and enhance your career. With hundreds of programs, the FICPA can help meet any CPE need: accounting & auditing updates, ethics, specialized topic conferences, governmental courses, the latest on taxation and much more! The FICPA is your one-stop shop for high quality CPE courses in any format.
REGISTRATION INFORMATION
CPE POLICES YOU MAY NEED TO KNOW
Registration Prices Take advantage of Early Bird Prices by registering more than 30 days before the course date and receive $55 off the regular registration fee. Nonmembers of the FICPA are welcome to attend but are required to pay an additional $125 per day of instruction or $65 per half day of instruction.
CPE policies can be found on our website at www.ficpa.org/policies.
Four ways to register for FICPA CPE programs: • LOGON to www.ficpa.org/cpe. • FAX a completed registration form with your credit card information to the FICPA at (850) 681-2433. • CALL the FICPA Member Service Center at (800) 342-3197 or (850) 224-2727 to place a credit card order. • MAIL a completed registration form with your credit card information or check made payable to the Florida Institute of CPAs to: Continuing Professional Education, FICPA, 3800 Esplanade Way, Suite 210, Tallahassee, FL 32311-6103. SAVINGS IN NUMBERS. GROUP DISCOUNTS AVAILABLE
Register five to seven people from the same organization for the same event and receive a 15% discount off the registration fee. Register eight or more for the same event and receive a 20% discount. Restrictions may apply.
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THE CPE TRACKER
The FICPA’s CPE Tracker is a tool that allows you to track your CPE courses throughout your reporting period. FICPA courses taken will be automatically included in this Tracker. Courses taken from vendors other than the FICPA can be included in this online application for FICPA members. It is the user’s responsibility to ensure the Tracker’s accuracy. VALUE-PRICED SEMINARS
Get exceptional value from these streamlined, high quality courses that enable you to gain essential knowledge and skills at a lower price. These are our most popular courses taught by our best educators in modest facilities that are conveniently located around Florida. We may not serve you lunch, but we’ll serve you quality CPE and great value. EVENT TIMES
Check-in begins 30 minutes before the program starts. Schedules for conferences and seminars may differ. Full Day Seminars 8:30 a.m – 4:30 p.m. Half Day Seminars 8:30 a.m. – 12 p.m. and 1 – 4:30 p.m.
ONLINE CPE
ACCOUNTING Communicating Financial Information to Non-Accountants Date: Thursday, August 29, 2019 Time: 8:00 AM - 10:00 AM CPE Credit: 2 AA Course Code: ACCFIN15 Regular Price: $79 Member / $109 Non-Member Do you ever get blank looks when you present your company's financial statements? Does your board nod knowingly, during your presentation, but never seem to have any meaningful questions? It could be that they have no idea what you are talking about and are just pretending to understand! Learn how to connect with your CEO, board, fellow managers, and ordinary employees so they understand your message. Learn to motivate them to action. Come hear a veteran CFO tell you how.
VALUE-PRICED CPE
Quality Courses for Cost-conscious Professionals
It's all in the name — courses from our Value-Priced CPE are available at the low cost of $205. These streamlined, high-quality seminars enable you to gain essential knowledge and skills from our best instructors at a price that keeps money in your pocket. Join us at a location near you for quality CPE. Best Individual Income Tax Update
Accounting and Auditing Update
8 Technical Business hours Date Code Location Oct 21 BITU05 Ft. Myers Dec 3 BITU10 Tampa Dec 11 BITU20 Ft. Lauderdale Jan 7 BITU30 Orlando
8 Accounting and Date Code Nov 15 AAUD30 Dec 9 AAUD40
Auditing hours Location Tampa Ft. Lauderdale
Best Federal Tax Update
8 Technical Business hours SEE ALL FICPA ONLINE COURSES AT FICPA.ORG/CPE Date Code Location Dec 2 BFTU20 Orlando 8 Technical Business hours Dec 5 BFTU30 Ft. Myers Date Code Location Dec 6 BFTU40 Miami Oct 22 BCPE05 Ft. Myers Jan 8 BFTU50 Ft. Lauderdale Dec 4 BCPE10 Tampa Dec 12 BCPE20 Ft. Lauderdale
Best S Corporation, Limited Liability and Partnership Update
Register online at ficpa.org/valuepriced or by calling (800) 342-3197. Visit ficpa.org/valuepriced to review our extensive online CPE catalog. To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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ONLINE CPE
AUDITING SOC for Cybersecurity Certificate (Day 1) Date: Monday, August 5, 2019 Time: 10:30 AM - 6:00 PM CPE Credit: 7.5 AA Course Code: AISOC04 Regular Price: $400 Member / $500 Non-Member Cybersecurity threats are escalating resulting in increased pressure for organizations to demonstrate that they have effective controls in place to detect, respond to and recover f rom cyber-attacks. During this twoday webcast, learn how to perform SOC for Cybersecurity attestation examinations using the AICPA's new cybersecurity risk management reporting f ramework.
Advanced Audits of 401(k) Plans: Best Practices and Current Developments (AAFP) Date: Tuesday, August 27, 2019 Time: 9:00 AM - 5:00 PM CPE Credit: 8 AA Course Code: SUAAFP08 Regular Price: $239 Member / $359 Non-Member As we saw from the recent United States Department of Labor review of employee benefit plan audits, auditors need to raise their game in order to provide the quality audits that plan stakeholders demand. The AICPA has reacted by issuing a proposed SAS that will significantly impact how audits of these plans will be performed. Now is the time to get up to speed on these significant issues and changes occurring in the world of 401(k) plan audits. In this advanced course, we will discuss both the existing and new rules and regulations unique to employee benefit plans as well as provide practical guidance on their application. The most common compliance issues identified in 401(k) audits will be explored along with recommended corrections. Auditors will identify best practices for handling specific issues that arise during the course of the engagement related to payroll and compensation, participant loans, hardship distributions, investments, plan mergers/acquisitions, etc. Efficient audit techniques that can be utilized in various audit engagements will also be identified. This is the course to take to help you improve the quality of your 401(k) benefit plan audits.
ACCOUNTING & AUDITING (GOVERNMENTAL) Latest Developments in Government and Nonprofit Accounting and Auditing (GNAA) Date: Tuesday, September 3, 2019 Time: 9:00 AM - 5:00 PM CPE Credit: 8 AA Course Code: SUGNAA05 Regular Price: $259 Member / $379 Non-Member This year is indeed another year of significant change in the world of government and nonprofit accounting and auditing. Time is valuable, and it's hard to stay current in today's rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of the latest developments in government and nonprofit accounting and auditing.
Fraud In Construction Contracting and Procurement Date: Tuesday, September 10, 2019 Time: 2:00 PM - 5:00 PM CPE Credit: 3 AA Course Code: ACFCC11 Regular Price: $195 Member / $245 Non-Member This course will focus on the most common types of fraud in the construction procurement and contracting arena. The course will examine fraud vulnerabilities in the four key phases of the construction procurement process: Presolicitation; Negotiation;Performance, and Closeout and Claims. Within each phase, “red flags” will be discussed. These are the indicia of possible fraud that managers and auditors should be alert for. Also within each phase, the most common fraud schemes will be highlighted and discussed. Finally, the course will describe the generally accepted safeguards or controls that should be established to prevent the various fraud schemes that can occur. The course will conclude with case studies describing actual fraud uncovered in two high-profile construction projects. These case studies will illustrate several of the fraud schemes described during the course and describe how they were uncovered.
CPE
P werPass
PowerPass combines travel-free, online CPE featuring live Q&A with experts — all at an incredible discount. 50
OF COURSE! | JULY 18, 2019 - SEPTEMBER 30, 2019
Save with CPE credits as low as $17.37* *Price per hour based on FICPA Member price of $695 for 40 Credit Hours
ficpa.org/CPEPowerPass
ONLINE CPE
AUDITING (GOVERNMENTAL) Common Errors in NFP Financial Reporting
The Most Dangerous Elements of a GAAS Audit (GAA4)
Date: Thursday, September 5, 2019 Time: 1:00 PM - 3:00 PM CPE Credit: 2 AA Course Code: AIACE01 Regular Price: $99 Member / $129 Non-Member
Date: Friday, September 13, 2019 Time: 1:30 PM - 5:00 PM CPE Credit: 4 AA Course Code: SUGAA401 Regular Price: $139 Member / $199 Non-Member
As Thomas Edison famously said, "Success is 90 percent preparation and only 10 percent perspiration," and that is certainly true for audits. Learn how, with a little extra planning and preparation, you can avoid errors that are often a source of significant paint in the audit process. In this webcast, geared towards not-for-profits and their auditors, we will explore some of the most common, material errors encountered when conducting not-for-profit audits and what you can do to avoid those common errors.
The formula for a successful audit today consists of many elements. Some of those elements require more thoughtfulness and caution in their application than others. In this course, we will explore those more combustible elements that can cause the audit to blow up with the budget, peer reviewers, clients and others. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of today's GAAS.
BEHAVIORAL ETHICS Business Ethics: Cases from the Real World Date: Tuesday, July 23, 2019 Time: 6:00 PM - 10:00 PM CPE Credit: 4 BE Course Code: ACBECR10 Regular Price: $129 Member / $159 Non-Member Being consistently ethical is a challenge. Most of us have had to make tough choices. This session will discuss real world cases involving thorny ethical dilemmas and how to resolve them. Being ethical is not the same as complying with the law and ethical issues are not always black and white. This session will review different professional ethical standards. What does integrity mean in the office? If you want to learn lessons f rom the best in a short time, this session is for you. Participate in engaging dialogue about how to prepare for the inevitable ethical situations. These lessons are valuable for every business leader.
4 Simple Steps to Solving the Toughest Problems You Face as a CPA Date: Wednesday, August 7, 2019 Time: 12:00 PM - 1:30 PM CPE Credit: 1 BE Course Code: ACSST09 Regular Price: $39 Member / $59 Non-Member This is a refreshingly different take on how to solve the problems you face as a CPA. You’ll learn four simple steps you can use to arrive at the best solution to every problem that comes your way. You’ll also learn how to overcome the most common challenges that prevent you from making the right decisions. Best of all, you can apply this 4-step strategy in every professional and personal relationship you have. This may be the single most valuable webinar you will take this year.
BUSINESS LAW Understanding Non-Compete Agreements (UNCA)
Employment Law Update: Reducing Employer Liability
Date: Friday, August 9, 2019 Time: 1:00 PM - 3:00 PM CPE Credit: 2 TB Course Code: SUUNCA03 Regular Price: $89 Member / $119 Non-Member
Date: Friday, August 23, 2019 Time: 9:00 AM - 1:00 PM CPE Credit: 4 TB Course Code: AIELUR04 Regular Price: $179 Member / $229 Non-Member
More and more employers rely on non-compete agreements to protect company assets. Although state laws vary, non-competes are often used to protect the creation and development of corporate goodwill, customer relationships and specialized training, among others. Today, employees are more likely to be asked to sign non-compete agreements as a condition to employment. Non-compete agreements are also a common component of a business sale agreement. This program surveys non-compete agreements from all angles. Whether you advise individual clients or work for an employer, the presentation provides an understanding of common issues that arise in the negotiation and enforcement of non-competes.
Employment law issues affect virtually every business, governmental entity, and not-for-profit organization. This update examines trends in employment- related claims and settlements including; members of protected classes and the implications of that membership; analysis of state trends in employment litigation; e-employment and cyber issues such as employee and employer social media rights; device and internet use and monitoring; employer liability issues for employee internet use; telecommuting and "off-the-clock" work issues; wrongful termination; bullying and its implications; harassment; and retaliation. This course also introduces you to the Employment Claim Risk Assessment Tool, which provides you a framework to analyze your organization's or your client's exposures to employment-related claims.
SEE ALL FICPA ONLINE COURSES AT FICPA.ORG/CPE
To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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ONLINE CPE
BUSINESS MANAGEMENT & ORGANIZATION Nonprofits: Working with or Serving on Nonprofit Boards Date: Thursday, July 25, 2019 Time: 11:00 AM - 12:40 PM CPE Credit: 2 TB Course Code: ACN08 Regular Price: $79 Member / $109 Non-Member The days when nonprofit boards were essentially a benign supportive group are fading. Heightened expectations for corporate governance quality and visibility have changed the composition and emphasis of nonprofit boards nationwide. This session focuses on how to understand, advise and help nonprofit boards meet their critical governance responsibilities.
Cyber Risk and Accountants Best Practices Date: Wednesday, August 7, 2019 Time: 8:00 AM - 9:00 AM CPE Credit: 1 TB Course Code: ACCRAB09 Regular Price: $39 Member / $59 Non-Member This Course updates the ACPEN Cyber Best Practices & Risk Management course. In this class students will learn to identify emerging cyber risks, understand evolving threats and development of cyber security responses.
COMMUNICATIONS AND MARKETING Outstanding Client Service: 10 Key Ways to Create Client Satisfaction and Get Referrals Date: Saturday, July 27, 2019 Time: 1:00 PM - 5:00 PM CPE Credit: 4 BE Course Code: ACOCS08 Regular Price: $129 Member / $159 Non-Member In a competitive economy, CPA's and their firms need a way to stand out. The best way to do this is to give outstanding service to your clients. In this experiential workshop, you’ll learn skills that lead to dramatic client satisfaction. In addition, you'll learn several specific ways to guarantee you'll get a lot of word of mouth referrals that will lead to a dramatic increase in your number of clients.
W E E K LY EMAIL E! RESOURC
Upcoming live and online CPE in your inbox The FICPA offers hundreds of CPE courses each year. CPE Ahead weekly emails keep you up to date on all of them. CPE Ahead gives members a sneak peek at upcoming courses, in all fields of study and all delivery formats. For more information, contact FICPA Member Services at msc@ficpa.org or (850) 224-2727. 52
OF COURSE! | JULY 18, 2019 - SEPTEMBER 30, 2019
Stay in the know and save on the courses you need by subscribing to CPE Ahead!
ONLINE CPE
COMPUTER SOFTWARE AND APPLICATIONS Microsoft PowerBI-Fundamentals of the PowerBI Dashboards
2018 QuickBooks Desktop Software: Save Time and Improve Reporting with New Features (QBXX)
Date: Wednesday, August 14, 2019 Time: 12:00 PM - 4:00 PM CPE Credit: 4 TB Course Code: AIPBD02 Regular Price: $179 Member / $229 Non-Member
Date: Wednesday, September 11, 2019 Time: 7:00 PM - 9:00 PM CPE Credit: 2 TB Course Code: SUQBXX05 Regular Price: $89 Member / $119 Non-Member
What good is data analysis if you can't share it? Microsoft's cloudbased platform on PowerBI.com allows you to share your data and create meaningful dashboards. This webcast introduces you to the interface and explores its differences f rom PowerBI Desktop. You will learn how you can share data f rom Power Pivot or PowerBI Desktop to PowerBI.com. This sharing process ensures that everyone who views your data is looking at the same thing, regardless of their toolset. PowerBI.com also provides you with the ability to create and share dashboards, so we will cover how to create visualizations that can be turned into customizable dashboards.
2018 QuickBooks Desktop Software version was released in the fall of 2017 and has new features that focus on time savings, ease of use, enhanced reporting, and Improved Inventory Management. Some of the new features included are Multi-Monitor mode, Past Due and Print Stamps for Invoices, ability to customize inventory reports, Merge Vendors utility, Android inventory scanner option, and improved security options.
FINANCE Controller's Update: Today's Latest Trends
Balance Sheet Management: The Least Understood Risk
Date: Friday, August 9, 2019 Time: 9:00 AM - 1:00 PM CPE Credit: 4 TB Course Code: AICU04 Regular Price: $179 Member / $229 Non-Member Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.
Date: Friday, September 27, 2019 Time: 1:00 PM - 5:00 PM CPE Credit: 4 TB Course Code: ACBSM15 Regular Price: $129 Member / $159 Non-Member Most organizations manage their income statement, but many virtually ignore the balance sheet until balance sheet problems create seemingly insurmountable emergencies. This session discusses how to analyze and manage your financial statements more holistically, allowing you to identify and correct balance sheet issues early. How do you choose whether to raise debt or equity? What are the key considerations and the advantages of each? What is the cost of capital? What are the ‘hidden’ balance sheet risks? We will also examine several crucial ideas you can incorporate into your analyses to enhance performance and reduce risk. If you want to enhance your corporate finance skills, this session is for you.
INFORMATION TECHNOLOGY Cybersecurity Advisory Services Certificate (Day 1) Date: Monday, September 16, 2019 Time: 10:30 AM - 5:00 PM CPE Credit: 6 TB Course Code: AICAS05 Regular Price: $400 Member / $500 Non-Member Cybersecurity threats are escalating resulting in increased pressure for organizations to demonstrate that they have effective controls in place to detect, respond to and recover f rom cyber-attacks. During this two-day webcast, learn how you can help your clients navigate threats by becoming a trusted business advisor for their organization's cybersecurity risk management programs.
SEE ALL FICPA ONLINE COURSES AT FICPA.ORG/CPE
To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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ONLINE CPE
MANAGEMENT SERVICES Strategic Planning For Small and Medium-Sized Businesses: Moving from Ideas to Action Date: Tuesday, August 6, 2019 Time: 2:00 PM - 6:00 PM CPE Credit: 4 TB Course Code: ACSPSM09 Regular Price: $129 Member / $159 Non-Member The fast-paced, global economy in which we operate demands timely strategic execution from all participants. Effective and efficient performance is the key to success in this environment of rapid change. Cutting-edge firms not only monitor their operations through the use of Performance Based Measurement, they also link it to their strategies and their Financial Plans.
THE POWER OF LIGHT
ETHICS CPE
Prepare yourself to face the complex, challenging and evolving ethical issues of today and tomorrow. The FICPA’s ethic courses, specialized for CPAs working in business, industry and government, build the trust that your clients, employers, colleagues and the public deserve while protecting your hard-earned license. FICPA ethic courses comply with the ethics requirements for Florida CPAs established by the Florida Board of Accountancy.
IN-PERSON
Ethics for Governmental CPAs in Florida (6957) 4 ETHICS HOURS
Date
City
Code
Member Price
August 21
Orlando ETHSLGAC $99
FICPA.ORG/ETHICS 54
OF COURSE! | JULY 18, 2019 - SEPTEMBER 30, 2019
ONLINE CPE
SPECIALIZED KNOWLEDGE Best of the 2018 Valuation, Forensic Accounting & Litigation Srvc Conf Date: Tuesday, July 23, 2019 Time: 8:30 AM - 5:00 PM CPE Credit: 4 AA; 4 TB Course Code: LCWBO2 Regular Price: $199 Member / $319 Non-Member Missed this year’s 2019 FICPA Valuation, Forensic Accounting and Litigation Services Conference? You are in luck! We have many speakers that will discuss current topics that affect the future of how we can service clients in a more effective way. The manner in which we conduct our professional practices is changing. We all need to be prepared for what is ahead. This year’s conference combines technology and anticipatory change with traditional sessions that will strengthen your ability to provide outstanding client service. This webcast qualifies for 8 hours of CPE credit. These sessions from the CIRA Conference were previously recorded in January 2019.
How to Build a Virtual Accounting Services Practice Date: Monday, August 5, 2019 Time: 1:00 PM - 4:00 PM CPE Credit: 3 TB Course Code: AIHBAV02 Regular Price: $149 Member / $189 Non-Member Every industry and every profession is being transformed by the rapid evolution in information technology, particularly with cloud computing. The accounting profession is no exception. In fact, accounting professionals across the country are tapping into the cloud to provide innovative and profitable accounting services. The specific models that have emerged are virtual bookkeeping, virtual accounting and virtual CFO services. This webcast will help you to understand what the market opportunity is for these various services and how to develop a comprehensive strategy to establish one or more of these services in your firm.
TAXES Social Security and Medicare: Planning for You and Your Clients (SSRB)
The Best Federal Tax Update Course by Surgent (BFTU) Date: Monday, September 30, 2019 Time: 9:00 AM - 5:00 PM CPE Credit: 8 TB Course Code: SUBFTU19 Regular Price: $259 Member / $379 Non-Member
Date: Wednesday, September 11, 2019 Time: 9:00 AM - 5:00 PM CPE Credit: 8 TB Course Code: SUSSRB03 Regular Price: $239 Member / $359 Non-Member Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad other related retirement planning issues.
In this course, tax advisors will be fully updated on the most important aspects of tax reform as well as major trends on the horizon with a view toward planning. Individual, partnership and corporate taxation, as altered by tax reform, will be included. As both formal and informal guidance is issued, you will be kept fully up-to-date.
COMPLIMENTARY CPE FOR MEMBERS The amount of money you save with complimentary CPE f rom FICPA is greater than the cost of your membership.
Members are eligible for 30 complimentary CPE credits every year. UPCOMING 2019 COURSES CONSIST OF: Choosing a Data Hosting Platform (Re-presentation of the Summer 2018 course) July 17, 2019 | 11:00 am | 1 TB | Online Webinar
Target Date Funds: America’s #1 Retirement Investment August 26, 2019 | 10:00 am | 1 TB | Online Webinar
The Essential Eight Technology Trends Tampa (In-Person only Event) July 25, 2019 | 8:00 am | In Person
Target Date Funds: America’s #1 Retirement Investment October 21, 2019 | 10:00 am | 1 TB | Webcast
FICPA.ORG/FREECPE To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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OnDEMAND CPE
AVAILABLE ONLINE 24/7
ORIGINAL CPE
VARIETY OF SUBJECTS
TOP-NOTCH QUALITY
COMPLIES WITH NASBA QAS REQUIREMENTS
SEE ALL FICPA ON-DEMAND COURSES AT FICPA.ORG/CPE
LEARNING SUBSCRIPTIONS AICPA CPExpress Credit: 600** Code: CPEXPRESS Price: $249
MBAexpress: Key Concepts of a MBA Degree Credit: 30 TB Code: KCMBAD Price: $595
Surgent's Unlimited Plus Package (PLSS) Credit: 600 ** Code: SU17-PLSS Price: $595
Surgent's Unlimited Self-Study Package (LIBS) Credit: 600 ** Code: SU17-LIBS Price: $299
ONDEMAND COURSES ACCOUNTING IFRS Certificate Program Credit: 41 AA Code: AI19-IFRS-PGM Price: $999
Managing the Forensic Engagement Credit: 1 AA Code: AI18-FFA-MFE Price: $49
AUDITING SOC for Cybersecurity Certificate Credit: 15 AA Code: AI19-SOCC-CERT Price: $799
Surgent's Enhancing Audit Quality: Best Practices in Documenting and Reviewing Your Work (SWLD) Credit: 8 AA Code: SU18-SWLD-SSWC Price: $155
AUDITING (GOVERNMENTAL) Governmental Audits: An Overview (17-1) Credit: 4 AA Code: GOL-0902 Price: $48
Surgent's Fraud and Abuse in Not-for-Profit Entities and Governments: Stealing from Everyone (FANG) Credit: 8 AA Code: SU18-FANG-SSWC Price: $155
BUSINESS LAW Family Law Engagements Credit: 1 TB Code: AI18-FFA-FLE Price: $49
Understanding the Basic Structure of the Legal System Credit: 1 TB Code: AI18-FFA-UBSLS Price: $49
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BUSINESS MANAGEMENT & ORGANIZATION CGMA Financial Performance Management Program Credit: 63 TB Code: AI18-CFPM-PGRM Price: $649
MBAexpress: International Business Credit: 1 TB Code: MBAIB Price: $45
OnDEMAND CPE
COMMUNICATIONS AND MARKETING
INFORMATION TECHNOLOGY
SPECIALIZED KNOWLEDGE
MBAexpress: Networking - Building a Stronger Professional Network
Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate
Advanced Estate and Gifting Strategies
Credit: 1 BE Code: MBATTBSN Price: $45
MBAexpress: Presenting Numbers for Impact Credit: 1 TB Code: MBAPNFI Price: $45
COMPUTER SOFTWARE AND APPLICATIONS Leveraging Technology in Forensic Engagements Credit: 1 TB Code: AI18-FFA-LTFE Price: $49
Surgent's Microsoftr Excelr 2016: Working with PivotTables and PivotCharts (PV16) Credit: 4 TB Code: SU18-PV16-SSDL Price: $65
Credit: 16 TB Code: AI18-CFFAP-CERT Price: $549
Information Technology: Computer File Storage and Systems Security (13-1) Credit: 4 TB Code: GOL-0933 Price: $48
MANAGEMENT SERVICES MBAexpress: Faster Disaster Recovery Credit: 1 TB Code: MBAFDR Price: $45
Surgent's Value-Added Internal Control Communications (Audit Skills Training - Level 6) (A6M2) Credit: 3 AA Code: SU18-A6M2-SSWC Price: $54
Credit: 2.5 TB Code: AI19-PFPEP-AEGS Price: $69
Valuations in Litigation Matters Credit: 2 TB Code: AI18-FFA-VLM Price: $49
TAXES Schedule C Hot Spots: Sole Proprietors (2019) Credit: 2 TB Code: GOL-0945 Price: $249
Surgent's Real Estate Tax Boot Camp (RETC) Credit: 8 TB Code: SU18-RETC-SSDL Price: $125
VARIOUS Fundamentals of Forensic Accounting Certificate Program
FINANCE
REGULATORY ETHICS
Credit: 14 AA; 8 TB Code: AI18-FFA-PGRM Price: $549
Firm's Cost of Capital and ShortTerm Financing (18-1)
Ethics: Protecting the Integrity of Florida CPAs (2019-20) (0012397)
Not-for-Profit Certificate I Program
Credit: 4 TB Code: GOL-0889 Price: $48
Credit: 4 ET Code: ETHOL19 Price: $75
Credit: 23 AA; 17 TB Code: AI17-NFP1-CERT Price: $799
MBAexpress: Best Practices for Better Budgeting and Planning Credit: 1 TB Code: MBABPBBP Price: $45
SEE ALL FICPA ON-DEMAND COURSES AT FICPA.ORG/CPE
To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG
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YOU WON’T WANT TO MISS THIS INAUGURAL EVENT!
NEW!
F I C PA CONFERENCE OCTOBER 31 – NOVEMBER 1, 2019 ROSEN SHINGLE CREEK HOTEL ORLANDO + SIMULCAST Visit our solution experts in the exibit hall. Bringing you the knowledge you need
IGNITE THE VISION Are you ready to take on the tech challenge? Never has the accounting profession been under such rapid-fire change. Cyber threats, blockchain, robotics, AI — all ignite the vision of a more streamlined, productive tomorrow. But tomorrow is now. Are you equipped to meet the challenges? Are you ready to embrace the opportunities? The FICPA Tech Innovation Conference brings together thought leaders and hands-on experts for two days of discussion, interaction and learning. Dive into the massive wave of technological change. Join us as these innovators unlock the secrets and hone your skills. Learn how to survive and thrive through fresh understanding of how these advancements impact you and your clients. You can’t afford to be left behind.
FICPA.ORG/TECH
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OF COURSE! | JULY 18, 2019 - SEPTEMBER 30, 2019
SAVE THE DATE
AUGUST Summer Vacation Cluster Orlando August 1-3, 2019 ficpa.org/SVC State & Local Government Accounting Conference Orlando + Simulcast August 22-23, 2019 ficpa.org/SLGAC
SEPTEMBER FICPA Accounting Show Next Era Ft. Lauderdale + Simulcast September 25-27, 2019 ficpa.org/AS
OCTOBER Construction Industry Conference Orlando October 18, 2019 ficpa.org/CIC Florida Gulf Coast University Accounting & Tax Conference Ft. Myers October 24 - 25, 2019 ficpa.org/FGCUAC University of South Florida Accounting Conference Tampa October 24 - 25, 2019 ficpa.org/USFAC
NOVEMBER University of Florida Accounting Conference Gainesville + Simulcast November 7 - 8, 2019 ficpa.org/UFAC Common Interest Realty Associations Conference Orlando + Simulcast November 14 - 15, 2019 ficpa.org/CIRA
JANUARY Valuation, Forensic Accounting & Litigation Services Conference Ft. Lauderdale + Simulcast January 9 - 10, 2020 ficpa.org/VFALS International Tax Conference Boot Camp Miami January 15, 2020 ficpa.org/ITC International Tax Conference Miami + Simulcast January 16 - 17, 2020 ficpa.org/ITC
TO SEE ALL FICPA CONFERENCES & TO REGISTER VISIT:
ficpa.org/conferences
NEW! Technology Conference Orlando + Simulcast October 31 - November 1, 2019 ficpa.org/TECH
SUMMER 2019 | FLORIDA CPA TODAY
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PRESORTED STANDARD U.S. POSTAGE
PAID
Florida Institute of Certified Public Accountants 3800 Esplanade Way, Suite 210 Tallahassee, FL 32311
Tallahassee, FL Permit No. 144
THE FICPA ACCOUNTING SHOW NEXT ERA Technology, Transition & Transforming Our Future SEPTEMBER 25-27, 2019 FT. LAUDERDALE + SIMULCAST CPE: UP TO 21 The CPA profession is changing at an incredible pace. Emerging technologies. Shifting work place dynamics. Evolving from hands-on applications to strategic planning. The Accounting Show has been there every step of the way — providing you with the information you need for success. Now The FICPA Accounting Show: Next Era takes learning to a new level. More sessions in dynamic topics — technology, leadership, transitioning methodologies — more discussion — more hands-on — all designed to transform you into a CPA for the future.
FICPA.ORG/AS