Alabama Society of CPAs View in Browser April 2017
 

A Week Unlike Any Other
This week was unlike any other in Alabama history. Here is a short recap: Governor Robert Bentley resigned from office on Monday evening and Lieutenant Governor Kay Ivey was sworn in shortly thereafter as the 54th Governor of the State of Alabama. She will serve the remaining 21 months of the term. Ivey is the second female to hold the position. Alabama law provides that the Senate President Pro Tempore, Del Marsh (R—Anniston) will maintain his office and assume the duties of the Lieutenant Governor.

Bentley's resignation is the culmination of almost two years of rumored and alleged scandal related to an extramarital affair, employment disputes, ethics violations, abuse of office, and campaign finance violations. On Monday, as the House Judiciary Committee launched its impeachment hearings, Bentley's attorneys negotiated a plea deal with the Attorney General's office that included resignation. He pled guilty to two misdemeanors: failure to disclose a major contribution and knowingly converting campaign funds for personal use. Approximately one year ago, the Alabama House of Representatives filed Articles of Impeachment and launched an nvestigation into several allegations. Last week, the Alabama Ethics Commission found probable cause for the Montgomery County District Attorney to investigate Bentley for four felonies including an ethics violation and three campaign finance violations. Last Friday, special counsel for the House Judiciary Committee released an investigative report to the public which revealed information shocking even to those close to the Bentley Administration. 
Continue Reading >>

Week-by-week the ASCPA tracks bills that are important to Alabama CPAs. Visit www.aspca.org/Protect2017 to see all legislative summaries and bill tracking. Find this week's bill tracking here >>
Special Information for Firms with Peer Reviews in Progress or Due Prior to 2018

The AICPA plans to launch a new web-based application to administer peer reviews on May 1, 2017. If your firm is in the process of scheduling your review, please follow both sets of instructions in the following link. If your firm has already scheduled your review, please follow the instructions titled For All Firms to Follow After May 1, 2017. Read more >>


Membership Renewals Will Be Sent Out Today!

Membership Renewal Notices for 2017-2018 will be sent out electronically on Wednesday, April 19, 2017.

Online dues payments and updates to your membership profile can be made here.

Another year of staying connected to the profession. Another year of amazing seminars and conferences. Another year of advocacy in Montgomery and Washington.

Nominations for the Private Company Council are Due by April 24

The trustees of the Financial Accounting Foundation are looking to fill three slots on the Private Company Council.

The open positions on the council, which advises the Financial Accounting Standards Board on issues related to private companies, include spots for a CPA practitioner from a local, regional or national firm, a financial statement preparer, and a financial statement user.

The initial term for each new member would start on Jan. 1, 2018; terms last three years. Find out more >>

More than Winning at the Young CPA Charity Golf Tournament

The annual Young CPA Charity Golf Tournament sponsored by ServisFirst Bank will be here before we know it, and we would like for you to join us for great day of networking and charity. Click here for a team registration form or click here to become a sponsor.

  • The tournament has netted over $400,000 over the past 14 years. The tournament proceeds support The Exceptional Foundation and the Alabama Society of CPAs Educational Foundation.
  • The event will be held on June 2, 2017, at the Robert Trent Jones Golf Trail at Oxmoor Valley. Kick off the tournament with participants from the Exceptional Foundation on the putting green and driving range. Registration begins at 8:00 am followed by light breakfast and a 9:00 am shotgun start. Be sure to stick around for the 19th Hole and enjoy drinks, food, music, and tournament awards.


If you have any questions about the Alabama Young CPA Charity Golf Tournament, please contact Rebecca Schweiger at rschweiger@ascpa.org or Amanda Freeman at afreeman@ascpa.org. Find more information here >>


What Do You Want to Bring to the Business and Industry Roundtable?

CPAs in business and industry are consistently faced with changes and developments that make their professional needs unique. So, the ASCPA presents the Business and Industry Workshop on Friday, June 30, 2017.

Hear from experts on strategic management and leadership skills critical to corporate CPAs, including:

  • Business Intelligence and Big Data with Marc Hamilton, CDG Engineers & Associates, Inc.
  • Legislative Update with Representative Danny Garrett, State of Alabama
  • Risk Management with Marc Hamilton, CDG Engineers & Associates, Inc.
  • Quote-to-Cash Process with Brent McClure, Chalkable
  • Employment Law and Human Resources Update with Kelly Pate and Dorman Walker, Balch & Bingham, LLP.
  • Key challenges and opportunities, working anywhere anytime (not everywhere, always), favorite apps, and Higher Logic during the Roundtable Discussion


Alabama Representative Danny Garrett will lead the legislative update tailored to our members in business and industry. He was elected to the Alabama House of Representatives on November 4, 2014. Prior to that, Representative Garrett served as vice president of the Trussville City School Board of Education. He earned a B.S. degree in Commerce and Business Administration and a Master of Tax Accounting degree from the University of Alabama, and passed the Alabama Certified Public Accountancy examination in 1983. Representative Garrett is currently the chief financial officer for Vulcan Threaded Products. Prior to that, he served as CFO for several local, national, and international manufacturing companies with average revenues ranging from $150 million to $1.5 billion. He is a member of the University of Alabama Culverhouse College of Commerce Board of Visitors, Advisory Board of the Alabama Productivity Center, and the Trussville Rotary Club.

To learn more about the 2017 Business and Industry Workshop and register online, click here >>

Get Your Golden Geese in a Row at the Employee Benefit Workshop

With over twenty-five years of experience in working with audits of ERISA-covered plans, Marcus Aron, CPA, CGMA, and Senior Auditor for the United States Department of Labor in the Employee Benefits Security Administration is a keynote speaker for our 2017 Employee Benefits Workshop.

Join us on Thursday, May 25, 2017 in Montgomery, to hear directly from Mr. Aron as well as first-hand news and insights from local experts on the issues that are critical to employee benefit plan audits. Whether you are new to the practice or are ready for an advanced look at the issues, the Employee Benefits Workshop provides a comprehensive review of the latest regulatory information and compliance issues that are vital in a corporate environment. Click here to find out more and to register online >>

Sunshine, Seashores, and CPE in Gulf Shores this June

After tax season? Beach and CPE season, of course! You can earn up to 32 hours of education (from three different tracks) at the beach! So, come to Gulf Shores CPE clusters.

At The Beach Club in Gulf Shores, June 20, 2017 through June 23, 2017,
 you get 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 >>


Business Manager
Business Manager wanted for Montgomery non-profit. Minimum 5-years experience required. Position manages the Business Office with responsibilities for administrative and financial functions and property management. For a complete list of qualifications and responsibilities, visit www.myaea.org. Only applicants who possess posting requirements will be considered.

Please send a current resume reflecting qualifications and a letter of application which specifically addresses how career accomplishments reflect required position qualifications to HR@alaedu.org.

Full-Time Audit Manager
Accounting Firm in Baldwin County seeking Full-Time Audit Manager with experience in Governmental and Not For Profit Organizations.  Send Resume’ and Cover Letter to jobs@jsdncpa.com >>

Your Practice Wanted
Thinking about selling your practice? Accounting Practice Sales delivers results, bringing you the best price, optimal terms, and a buyer who represents an ideal fit for your clientele. Contact us today for a confidential discussion. 
  • Huntsville CPA grossing $315K
  • Birmingham tax practice grossing $225K
  • Upper Cumberland, TN CPA grossing $70K
  • West of Downtown Chattanooga CPA grossing $165K

For more information on these listings or to sell your practice, contact Lori Newcomer, CPA and Tim Price, CPA at (888) 553-1040 or PNGroup@APS.net, or visit www.APS.net.

ascpa

April 19, 2017    
 

 

 










 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alabama Society of CPAs
www.ascpa.org