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alabama society of certified public accountants
May 4, 2010
latest news

Does the new Health Care

Reform Act have your
blood pressure spiking?

The ASCPA is your lifeline to help stabilize your nerves.

Click here for Health Care Reform Act Classes across the state

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2010 ASCPA Annual Meeting

 

ASCPA's 91st Annual Meeting

June 10, 2010

Cahaba Grand Conference Center, Birmingham

8 Hours CPE for $150

Young CPA Charity Golf Tournament on June 9

 

Celebrate the rich tradition of the Society, meet your future board and earn 8 hours of CPE. 

 

Chairman's Breakfast Buffet 7:00am - 8:00am
Morning Concurrent Sessions 8:00am - 12 noon
Accounting & Auditing Update Elizabeth Gantnier, CPA

Young CPA Session: Leadership and the New Generation of CPAs

 

Ernie Almonte, CPA

Tommy Stephens, CPA

Michael Kassouf, CPA

The CFO's Role in Operational Control and Lean Accounting John L. Daly, MBA, CPA
Annual Business Meeting and Luncheon 12 noon
Afternoon Concurrent Sessions 1:30pm - 5:00pm
IFRS for Small and Medium Businesses John L. Daly, MBA, CPA
Partnership and S Corporation Tax Update and Planning Carolyn R. Turnbull, CPA
Welcome to Windows 7 and Office 2010 Tommy Stephens, CPA

 

 

Sponsored by

 

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Advanced Compilation and Review

Advanced Update for Compilation, Review and Accounting Services

If you manage a compilation, review, and accounting service practice, this course is an absolute must, as it enables a partner to ensure that current year engagements conform to all applicable professional standards. A practice-oriented review of the latest developments, cases, and lively discussion among the experienced participants make this class informative and practical. The material covers the entire spectrum of partner concerns: current professional standards, independence rules, engagement and representation letters, field work, disclosure, reporting, documentation, quality control, engagement administration, specialty engagements, and peer review.

May 18, 2010

Doug Logan

Alabama Society of CPAs Office - Montgomery

Register Here

 

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State and Local Tax Bulletin

SALT Bulletin

by Bruce P. Ely, James E. Long, Jr., William T. Thistle, II

 

New Federal and State Legislation Provide Tax Incentives to Promote Job Creation

This Spring, both Congress and the Alabama Legislature passed bills designed to promote job creation. Both the “Hiring Incentives to Restore Employment Act” (the “HIRE Act,” Public Law 111-147) and the “Reemployment Act of 2010” (Alabama Act 2010-557) provide tax incentives for businesses that hire unemployed workers. On March 18, 2010, President Obama signed the HIRE Act into law. The HIRE Act encourages companies to hire unemployed workers by exempting certain wages from Social Security taxes (payroll tax exemption), and by providing employers with a business tax credit if they retain the new hires for at least 52 consecutive weeks. Similarly, the Reemployment Act of 2010, which Governor Riley signed last week, is designed to create jobs by providing an income tax deduction to businesses that hire certain unemployed persons. Each incentive is summarized in the full article.

Click here to read the full article in the SALT Bulletin

 

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  Business & Industry Conference is Next Week

 


For more details and to register, click here.

 

SPONSORED BY HYUNDAI MOTOR MANUFACTURING ALABAMA

 

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sample image1 Do It All Online

 

It's Quick and Easy When Paying Your Dues Online

We've made it easy for you. Just log in and pay your dues online.

That's one more thing you can check off of your to-do list.

Click here

 

If you do not know your username and/or password to log in, or if your firm information has changed, please email bbarker@ascpa.org

 

Visit our website to pay online or to update your information: www.ascpa.org

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Young CPAs, We Need You!

The Young CPA Board is looking for volunteers to help during the annual Young CPA Golf Tournament. If you are interested in networking with fellow Young CPAs, spending time on the golf course, and lending a hand for a good cause, contact Rachel Barwick at rbarwick@ascpa.org or (334) 834-7650.

 

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Legislative e-Zine

Legislative e-Zine

by Bruce P. Ely, James E. Long, Jr., William T. Thistle, II

 

The Alabama Legislature adjourned sine die on Thursday, April 22, concluding a relatively productive, though often contentious, 2010 Regular Session. Unlike most years, when the session ends amidst a last-minute rush to pass the two main operating budgets, the budgets passed relatively early this year and without any tax increases, primarily as a result of federal stimulus funds and significant belt-tightening. Without budgets to debate during its last two meeting days, the Legislature passed the proposed $1 billion road and bridge construction constitutional amendment and the Prepaid Affordable College Tuition (PACT) bail-out plan during its final days.


While the Legislature passed over 300 bills during this last session of the 2006-2010 quadrennium, many critical measures such as ethics reform, constitutional reform and restrictions on PAC-to-PAC transfers were not addressed this session, and only a handful of tax bills made it across the finish line. Next session, however, promises to be more dicey. Unless the revenue forecasts improve dramatically, we expect to see a variety of revenue raisers (or so they say), such as mandatory unitary combined reporting, introduced next session.

Log in to read the Legislative Summary (web version)

Print the Legislative Summary (pdf)

 

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CPE State-Wide Clusters

 

Coming to Your Town Soon: CPE Clusters

If you’re tired of juggling your CPE classes, join the ASCPA for the greatest Clusters on Earth! It might seem like an illusion but we’re offering eight Cluster series with over 100 seminars this year.  Our attractions include current topics, knowledgeable instructors, and convenient locations. It will be a spectacle for all to see, so don’t be a clown, jump in the ring and join us this year.

 

 

For more information and to register, click here

 

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sample image1 ASCPA's Updates - What a Value!

 

ASCPA offers you up-to-date reviews at a great price.

Both courses qualify for 8 hours of CPE for $165.

 

ASCPA's Tax Update

Patrick D. Kelley, CPA

This timely update includes a review of recent tax legislation, regulations, rulings and case law, with emphasis on matters likely to affect clients of small-to-medium sized firms. The course includes a comprehensive review of new legislation, and other important areas in the tax arena. The instructor will review recent tax legislation, regulations, rulings and case law, with emphasis on matters likely to affect clients of small-to-medium sized firms.

 

ASCPA's Accounting and Auditing Update

Dr. Steve Grice and Dr. Rick Turpen

Practitioners will become familiar with current Accounting & Auditing issues including FASB statements, Statements on Auditing Standards, and Statements on Standards for Accounting and Review services issued during the preceding year. The Accounting and Auditing Update is designed to provide its participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in industry.


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sample image1 Plain English Accounting Webcast

The Alabama Society of CPAs, through our Affinity Program with Plain-English Accounting, is offering you the opportunity to earn 2-hours of accounting and auditing CPE credits at your desktop on Tuesday, May 18, 2010 [1:00 – 3:00 Central Time].

 

The 2010 second quarter webcast will be presented by Dr. Tom Ratcliffe

ASCPA members can participate in this program for only $50 per participant (you will be invoiced after the webcast). To earn 2 NASBA-certified CPE credits, each participant must be registered for the program and each participant must complete all of the “polling questions” during the program.

 

For more information and to register, click here

 

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sample image1 Save Your Health and Your Cash

 

Being Healthy Can Be Good for Your Wallet

Now that the weather is getting nicer, many gyms and health clubs are offering membership specials and discounts to attract new members. Some health clubs offer benefit packages, such as discounts for cell phone service or car rentals. If you were considering joining a gym, now could be an ideal time to do so! Just make sure you read the fine print before joining—is your obligation for a month, a year or more? Will you be automatically renewed after the obligation?

For added financial benefit, check with your health insurance provider. Many give incentives, including cash back, for exercising a certain amount of times per month or year. If you exercise regularly, not taking advantage of perks like these is like saying "No, thank you!" to free money.

Be healthy and save even more money by quitting smoking, walking or biking to work and cooking your meals at home. For the cost of a meal out, you can purchase the makings to prepare several meals at home and ensure that the meals are healthy.

Living a healthy lifestyle and exercising regularly can help you avoid illness or disability that may prevent you from working and a potential loss of income. In addition, regular exercise is proven to improve your immune system and reduce stress. Consider this: health care is one of the biggest expenses of retirement, and the life decisions that you make now can pay dividends if they make you more healthy in the long-term.

Visit www.feedthepig.org for more money-saving tips

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Chapter News

Upcoming chapter events...

Mobile Chapter Annual Meeting

Register through Mobile Chapter

May 5
Birmingham Chapter Meeting and Breakfast
May 14

Montgomery Chapter Meeting

Elections to be held

May 18
Wheeler Basin Chapter Meeting
May 19
Southeast Chapter Meeting
May 19
East Alabama Chapter Meeting
May 20
Mobile Young CPAs Night at the BayBears
May 27
Huntsville Chapter Meeting
May 27

 

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About the ASCPA

The Alabama Society of Certified Public Accountants [ASCPA] is the statewide, professional membership organization representing over 6,500 Alabama CPAs in public practice, industry, government and education. Eleven chapters, various committees and task force groups made up of CPA volunteers develop programs and address issues to help all members be successful professionals. Visit www.ascpa.org

 

Visit ASCPA Online

© 2009 Alabama Society of CPAs | PO Box 242987 | Montgomery, AL 36124