Alabama Society of CPAs View in Browser January 2017
 

The 2017 CPE Catalog is LIVE! 

2017 CPE seminars, conferences, event locations, and education need-to-know is now live online here! The print catalog outlining all of the details is coming via mail to all members who attended courses in 2016. So, plan your 2017 and be sure to make note of all the conferences and workshops available to register for today! Questions about CPE seminars can be directed to Jessica Roberts, CPE Director, at jroberts@ascpa.org >>

Summer is Best Spent by the Shore -- Gulf Shores.

Visit The Beach Club in Gulf Shores June 20, 2017 through June 23,2017 to earn up to 32 hours of education. This four-day event allows you to choose from a variety of timely tax, A&A, and other topics -- find all of the courses listed here.  With plenty of education and downtime, we can help you keep work/life balance in check! Reserve your room and choose your classes today, and check "Summer getaway" off your to-do list! All the details can be found at www.ascpa.org/GulfShores2017 >>


FASB Exposure Drafts

Earlier this week the FASB issued two Exposure Drafts:

  • Proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). Comments on this Exposure Draft are requested by May 5, 2017.  Click here to download the Exposure Draft.
  • Proposed Accounting Standards Update, Inventory (Topic 330): Disclosure Framework—Changes to the Disclosure Requirements for Inventory. Comments on this Exposure Draft are requested by March 13, 2017. Click here to download the Exposure Draft.

We would like to encourage members to engage in conversation about either issue. One way you can help is to submit comments to Jeannine Birmingham, jbirmingham@ascpa.org, or to Jason Miller, Chair of ASCPA Professional Standards Committee, jmiller@anglincpa.com. We anticipate that a comment letter will be submitted on behalf of the ASCPA Professional Standards Committee.

Security Summit Alert: New Two-Stage E-Mail Scheme Targets Tax Professionals

The Internal Revenue Service, state tax agencies and tax industry leaders today warned tax professionals to be alert to an email scam from cybercriminals posing as clients soliciting their services.
 
A new variation of this phishing scheme is targeting accounting and tax preparation firms nationwide. The scheme's objective is to collect sensitive information that will allow fraudsters to prepare fraudulent tax returns.
 
These latest phishing emails come in typically two stages. The first email is the solicitation, which asks tax professionals questions such as "I need a preparer to file my taxes." If the tax professional responds, the cybercriminal sends a second email. This second email typically has either an embedded web address or contains a PDF attachment that has an embedded web address. Read more >>


Tax Hotlines Make a Blazing Return!

Four ASCPA chapters are supporting 2017 tax hotlines. Already scheduled are Huntsville on February 2; Birmingham and Montgomery on February 16. The date for Mobile is still to be announced. Volunteers are wanted for all areas. Bring your tax guide, laptop and appetite. There will be a light meal for volunteers and a sense of a job well done. An average of 300 calls are received at each site, making this the ASCPA’s biggest outreach to the general public.

Not only will volunteers on the hotline advise callers on simple tax questions, but they will also have information about local VITA (Volunteer Income Tax Assistance) or SaveFirst programs. Both help low income families, most of which are eligible for the earned income tax credit, to file at no cost.

In addition, the Birmingham Chapter is supporting the Central Alabama United Way’s VITA program with a generous donation. Their outreach is enormous, serving 3500 taxpayers each year. We’ll have more information about the UWCA program and encourage Birmingham members to share with those eligible for the VITA program.

Chapter Advisory Council members will be soliciting for volunteers or you can contact Diane Christy, 334.386.5752, dchristy@ascpa.org to sign up.

Connect with Accounting Students in 2017

Make plans to add your firm to the 2017 Student Guide to Accounting Firms in Alabama (Firm Guide). This handy student resource provides a snapshot of 45-60 public accounting firms across the state. Cost is just $100 for a one-page listing, or $500 for a full page ad plus your listing on the opposite page.  

2000 Guides are distributed each year to college students and educators and are invaluable in introducing students to a wider spectrum of firms.  

A student at the University of North Alabama wanted a summer internship at a firm in Huntsville and used the Guide to cold call for an interview. It worked! She received a firm offer for an intern position.  

HERE is the information form for new subscribers or to make changes to your listing for the 2017 Guide.  Contact Shirley Carroll with any questions, 334.832.7650 or scarroll@ascpa.org.  Deadline is February 10.

Free 2017 Tax Breaks and Incentives Guide

Long term care provider and ASCPA premier partner LTCi is offering a free tax resource to ASCPA members.  Click HERE and go to the ASCPA member site for the download. 

Education & Networking Chapter Events Across Alabama

The ASCPA has 11 chapters throughout Alabama. Chapter membership allows you to network with CPAs in your area, remain active in the ASCPA and track industry news throughout the state.

Need to make an announcement for your next chapter meeting or special event? Contact Diane Christy at dchristy@ascpa.org.



Senior Tax Accountant - Alfa Insurance Companies - Montgomery, AL

Qualifications:

  • College degree required
  • Three years' experience in field of tax accounting or equivalent experience in a business environment, including return preparation experience
  • Knowledge of Excel, Word, and a tax preparation package
  • Knowledge of paperless environment software a plus

Duties:

  • Prepare/analyze the companies' income tax accurals/forecasts
  • Preparation of federal/various state income tax returns and income tax adjustments
  • Preparation of GAAP/STAT tax notes for financial statements
  • Analysis of the IRC as it relates to the preparation of tax returns

Hours:

  • Monday - Friday, 8:00 am - 5:00 pm
  • Overtime as needed

To apply, please send resumes to jobs@alfains.com.

Accountant II

CharterBank is looking to hire an Accountant II to work at our Corporate Center in West Point, Georgia.  Qualified candidates will possess a Bachelor’s Degree in Accounting or a related field.  Candidates will have strong overall computer skills, more specifically skilled in Word and PowerPoint, and will be proficient with spreadsheet applications.   A good knowledge of accounting principles is a must as well as good analytical, verbal, mathematical and written communication skills along with attention to detail.


For more information and to apply, visit us at the Careers tab found at the bottom of our homepage at www.charterbk.com.

Practices for Sale
  • Huntsville CPA practice grossing $315K * New *
  • Mobile, AL CPA grossing $175 * Sold - under contract in just two weeks *
  • Jackson, MS area / Rankin County EA grossing $60K * New *
  • Upper Cumberland, TN CPA grossing $70K * New *
  • Southwest of Nashville, TN CPA grossing $175K * New *
  • West of Downtown Chattanooga CPA grossing $165K * New *

For more information on these listings or to sell your practice, contact Lori Newcomer at (888) 277-6040 or LNewcomer@APSLeader.com or visit AccountingPracticeSales.com.

ascpa
January 17, 2017
In this issue    
Educate

  • The 2017 CPE Catalog is LIVE!

  • Summer is best spent by the shore -- Gulf Shores. 
Protect

  • Comment on two FASB exposure drafts.
     
  • Security Summit Alert: New Two-Stage E-Mail Scheme Targets Tax Professionals
Connect

  • Tax Hotlines make a blazing return!

  • Connect with Accounting Students in 2017.
     
  • Free 2017 tax breaks and incentives guide from LCTi Plans.

  • Do not miss these education and networking events at your chapter.
Classifieds

  • Senior Tax Accountant - Alfa Insurance Companies - Montgomery, AL

  • Accountant II
     
  • Practices for Sale
Webinars this Week


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alabama Society of CPAs
www.ascpa.org