If you are not able to read the following Hotwire, please visit http://www.tscpa.com/hotwire/default.asp.
 

The Monthly e-Newsletter for Members of the Tennessee Society of CPAs

7/11/2008

Volume 2008 Issue 6

Headlines

Renew Your TSCPA Membership

Department of Revenue Update

Participate in MAP Survey

Ethics Webcasts Scheduled

New CPE E-Newsletter Launched

CPE in Your Area

Upcoming Conferences

Don't Want to Travel for CPE? Try Webcasts!

Construction Renovation Update

Life Associate Program

First Tennessee: Special Rate on CDs

TSCPA Member Benefit: Office Depot



 


Don't Miss the Boat: Renew Your TSCPA Membership!

Your involvement in TSCPA helps keep you and the profession moving in the right direction. For your convenience, you can now renew your TSCPA membership dues securely online. You can pay online with a MasterCard or Visa or print your dues statement to pay by check.

To access our online dues renewal system, please visit https://www.tscpa.com/MemberNet/Secure/Choose.aspx and login with your last name and TSCPA member number. Or, simply click on the yellow button at left.

For more information about the online dues renewal process, please check out our Q&A at http://www.tscpa.com/hotwire/duesqa.html or contact the society office.


Department of Revenue

FONCE Form Update

On June 13 the Department of Revenue mailed a request for information letter and Disclosure of Activity form to all family-owned noncorporate entities (“FONCE”) currently registered as exempt for franchise and excise tax purposes. The letter asked the FONCE to complete the disclosure of activity form and return it to the Department by July 18 or risk revocation of the FONCE’s exempt status.

If your client is not a FONCE but receives a Disclosure of Activity form, he or she should fill in the name, address and FEIN information at the top of the form and then indicate on the top of the form that this entity is exempt under a different code section. The applicable code section or type of exemption as reported to Tennessee on the Application of Exemption should be noted on the form in the upper right hand corner. The form should still be signed, dated and returned by July 18.

For more information, including a link to the Disclosure of Activity form, please see http://www.tscpa.com/hotwire/FONCE061208.html.


MAP

2008 Map Survey Deadline Extended: Have You Participated?

Ever wondered how your firm stacks up against other firms? Find out where your firm stands by taking part in the CPA profession’s premier benchmarking study - the PCPS/TSCPA National MAP Survey.

For more information, visit http://www.tscpa.com/hotwire/pcps-map050108.html.



Professional Development



Ethics Webcasts Scheduled for Aug. 11

If you’re interested in gaining the ethics credits you need from the comfort of your home or office computer, then these sessions are for you. Led by Jim Myers and Doug Warren, you can get the valuable ethics training you need – either general ethics or Tennessee-specific ethics! Get up-to-date information on the AICPA Code of Professional Conduct and the Tennessee Accountancy Act.

Session 1 – General Ethics
Standards for Tennessee CPAs: Important Ethical Concepts, Principles and the Rules for CPAs in Tennessee

Time: 9:30 a.m. - 11:30 a.m. CST
Credits: General Ethics 2 hours

Session 2 – Tennessee Specific Ethics
Standards for Tennessee CPAs: Important Ethical Concepts, Principles and the Rules for CPAs in Tennessee

Time: 12:30 p.m. - 2:30 p.m. CST
Credits:
State Specific Ethics 2 hours

For more details regarding these webcasts and registration information, visit http://www.tscpa.com/cpe/webcast/ethics.htm.

For an update on ethics programs offered by TSCPA, visit our ethics calendar at http://www.tscpa.com/cpe/ethics.pdf. Check back often, because new programs will continue to be added.

New CPE E-Newsletter Launched

In June, TSCPA launched The Slate, a monthly e-newsletter featuring society CPE offerings. Each issue is packed with information about upcoming courses, so keep an eye on your inbox for the July issue arriving next week!

If you missed the June issue, you can view it at http://www.tscpa.com/cpe/slate.htm.

CPE Courses Near You

The TSCPA Professional Development Catalog is available online at http://www.tscpa.com/cpe/default.aspx. Get a jumpstart on your CPE for this year, and check out the course offerings in your area by clicking on the links below.

Brentwood, Franklin and Nashville - http://www.tscpa.com/chapter/nashville/cpe.aspx
Chattanooga - http://www.tscpa.com/chapter/chattanooga/cpe.aspx
Cookeville - http://www.tscpa.com/chapter/uc/cpe.aspx 
Jackson, Memphis and Tunica, Miss.
- http://www.tscpa.com/chapter/westtn/cpe.aspx
Johnson City - http://www.tscpa.com/chapter/appalachian/cpe.aspx
Knoxville and Pigeon Forge - http://www.tscpa.com/chapter/knoxville/cpe.aspx


Upcoming Conferences
 

bright ideas
Memphis Business & Industry Conference

Sept. 19
Hilton Memphis, Memphis, Tenn.

Conference highlights: Podcasts in the Workplace, Fraud Risk Management, Greening of the Industry, 990 Revisions, Economic Update, Simple Solutions/Harness the Power of Passion and Simplicity to Get Results

To register or for more information, visit http://www.tscpa.com/conferences/industry.aspx.

   
penny wise
Financial Institutions Conference

Sept. 22
Willis Conference Center, Nashville, Tenn.

Conference highlights: Commissioner Update, Accounting Update, Technology Update, Due Diligence, Market Optimization, Fraud

To register or for more information, visit http://www.tscpa.com/conferences/financial.aspx

 

   
primed for success
Construction Conference

Sept. 26
Willis Conference Center, Nashville, Tenn.

Conference highlights: A & A Update, Trends in Construction Technology, Construction Taxation Update, Employment Tax Law Update, AIA Form Update/Changes, What Bankers Look for in Contractors, Continuity Planning, HR Update, Maximize Your Firm’s Bonding Capacity

To register or for more information, visit http://www.tscpa.com/conferences/construction.aspx

 

   
Save the Date!
Tennessee Federal Tax Conference

Dec. 10-12
Cool Springs Marriott, Franklin, Tenn.

TSCPA and the Tennessee Federal Tax Institute are partnering again to bring together national and local tax experts to provide an update and analysis of developments and tax saving ideas in this three-day program.

Stay tuned for more information, including registration details!

 

Don't Want to Travel for CPE? Try Webcasts!

With gas prices sky-high, convenient continuing education opportunities are particularly appealing. And what could be more convenient than learning from your home or office? TSCPA offers webcasts and online learning opportunities through ACPEN and Society Insight. For CPE that fits your schedule (and your budget), consider taking advantage of online opportunities.

For more information about ACPEN webcasts, including a schedule, please visit http://www.cpalearn.com/tcpa/catalog.asp.

Society Insight course offerings can be viewed at https://www.societyinsight.com/si_login.aspx?BrandingID=1072.

Questions? Contact Sarah Schulz at 1-800-762-0272.


Society News

Construction Renovation Update

The renovation and expansion project at the TSCPA headquarters building continues to progress. The renovation of the staff offices wing is scheduled to be completed later this month, and the meeting center wing will be completed Sept. 1.

Stay updated on all of the construction progress by viewing the slideshow of photos at  http://www.tscpa.com/about/BuildingRenovations.aspx.

 

Life Associate Program

Since 1991, TSCPA's Educational & Memorial Foundation has awarded more than $1 million to deserving accounting students in Tennessee. Our scholarship program, which is among the strongest of all state CPA societies, is only possible through the generous support of our membership.

For more information about how you can become involved in the Life Associate program, please visit http://www.tscpa.com/about/EMF.aspx or call the society office at 1-800/762-0272.

First Tennessee: Special Rate on CDs for TSCPA Members This Saturday Only!

This weekend, for one day only, First Tennessee will offer a 49-month CD at a rate of 4.33% APY. Please note these important details:

  • Offer available only on Saturday, July 12, 2008, during regular business hours.
  • Mention the ad to receive special rate.
  • Cannot be combined with other CD offers.
  • Minimum opening deposit to receive featured Annual Percentage Yield (APY) is $5,000.
  • Maximum deposit is $500,000.
  • Opening deposit cannot be transferred from an existing First Tennessee account.
  • Penalty for early withdrawal.
  • Institutional investors do not qualify.
  • Customer must also have a new or existing First Tennessee personal checking account.
  • To receive this rate, interest can be paid no more frequently than quarterly.

BONUS Unadvertised Special: First Tennessee will also have two special rates available on Saturday for customers seeking a shorter term for 8 and 19 months. The requirements noted above will apply to these rates and terms, as well.

Member Benefit: Office Depot

TSCPA and Shared Services, LLC have formed a strategic relationship to bring TSCPA members many benefits and services provided by the Office Depot Business Services Division. Office Depot provides members with world-class service when it comes to purchasing office supplies, paper, toner and other office products.

Benefits include:

  • Negotiated deep discounts on Office Depot's entire in-stock assortment of over 14,000 name-brand office products. Select items are 50% off the retail price,
  • Next business day delivery in major metropolitan areas,
  • Office Depot's award-winning Internet site offers reduced transactional costs and timesaving measures through an efficient Internet ordering system,
  • Outstanding customer service and local sales representation,
  • Customized reporting options.

For more information regarding this program and signing up please contact Brian Vigorito at Brian.Vigorito@officedepot.com.
 

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