Headlines June 1 is New Deadline for IRS Uncertain Tax Positions Proposal IASC Foundation Publishes Second Batch of Training Material for IFRS for SMEs Renew Your TSCPA Membership Online Members on Vacation: Special March Discounts TSCPA Annual Convention & Leadership Conference Get Involved Locally with Junior Achievement Exhibit & Sponsorship Opportunities at TSCPA Events Looking for the CPE Catalog? Check the March/April Journal! Employee Benefit Plans Conference Management and Leadership in a CPA Firm - Part 4 by Bill Reeb |
Professional Issues The IRS extended the comment period for the controversial uncertain tax positions reporting proposal to June 1. This gives practitioners and taxpayers more time to provide comprehensive feedback on this controversial proposal, the forthcoming implementation schedule and instructions. Since its release in January, the IRS received numerous questions and comments on the proposal, including:
As proposed, the IRS would require the reporting of uncertain tax positions at the time a return is filed by business taxpayers that have over $10 million in assets, and that have a financial statement prepared under FIN 48 or similar accounting standard. Feedback can be shared by e-mailing Announcement.Comments@irscounsel.treas.gov with a subject line that reads “Announcement 2010-9.” IASC Foundation Publishes Second Batch of Training Material for IFRS for SMEs The International Accounting Standards Committee (IASC) Foundation has published the second batch of training material for the International Financial Reporting Standard for Small and Medium-sized Entities. The training material is designed to assist companies and accounting practitioners in applying the standard, as well as assist educators in teaching it to accounting students. Download the free modules now. Society News Renew Your TSCPA
Membership Online 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. 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. Thanks for being a TSCPA member - we look forward to continuing to serve you in 2010-11! TSCPA members now receive exclusive rates and benefits from AAA. New AAA membership rates for TSCPA members start as low as $59 a year, and family members can be added at half the regular rate, from only $15 each. AAA is the world’s most trusted and reliable emergency road service company, but did you know you can save money on every day purchases at more than 160,000 locations worldwide with AAA? Receive exclusive discounts and benefits by booking your vacation travel package through AAA Travel or let AAA Insurance help save you money on auto, home or renters insurance with a complimentary insurance review. Contact TSCPA’s AAA Membership Representative, Sunny Sargent, at 615/269-1895 to start taking advantage of the membership discount. More information about the AAA membership discount can be found at https://www.tscpa.com/Content/MyMembership/MemberDiscountPrograms.aspx. Members on Vacation: Special March Discounts TSCPA members can receive reduced rates on several vacation options, including Alaskan cruises and tropical vacations to Hawaii, Mexico and the Dominican Republic. See http://www.membersonvacation.com/blastemail/TSCPA/march2010/0310.html for details on this month's specials. TSCPA Annual Convention & Leadership Conference TSCPA's 80th Annual Convention & Leadership Conference will be held at the Chattanoogan Hotel & Convention Center on June 13-16. More information, including room block details and an agenda can be viewed at http://www.tscpa.com/convention/default.aspx. The 2010 TSCPA scholarship application is now available! In 2009, TSCPA awarded scholarships totaling $100,000. To be eligible, students should be U.S. citizens, legal residents of Tennessee and attending a Tennessee school. Applicants should have completed introductory courses in accounting and/or be majoring in accounting. Access the application at http://www.tscpa.com/student/college/scholarships.aspx. The application deadline is June 1. For more information on scholarships, please contact Connie Rhea at crhea@tscpa.com or 1-800/762-0272. Get Involved Locally with Junior Achievement Junior Achievement volunteers are reaching out to kindergarten through 12th grade students this school year with programming about business, economics, financial literacy, ethical leadership and workforce readiness. Contact your local office for more information about how you can get involved! Middle Tennessee/Nashville Area: Laura Lovell, Special Events Manager, 615/627-1183
Memphis Area: April Armstrong, Marketing Coordinator, 901/366-7800
East Tennessee/Knoxville Area: Betty Veser, Elementary Education Coordinator, or Maria Ryan, Middle/High Education Coordinator.
Exhibit and Sponsorship Opportunities at TSCPA Events Early-bird pricing is now available for exhibit and sponsorship packages at upcoming TSCPA events. With more than 20 events targeting different niche audiences, this is an excellent opportunity to position your company and services. Visit http://www.tscpa.com/about/exhibit_sponsorship_opportunities.aspx for more information or download the brochure. Professional Development Looking for the CPE Catalog? Check the March/April Journal! As part of TSCPA's continued efforts to "go green" and monitor our volume of printed materials, we will not be printing a separate CPE catalog this year. Instead, the March/April Journal (which will hit your mailbox next week) will feature a special section on the 2010-11 CPE year, listing all courses and conferences. The full schedule will also be featured as part of the April issue of The Slate, the monthly CPE e-newsletter. Online registration for the 2010-11 CPE year will be available the first week in April. If you have any questions, please call the society office at 615/377-3825. New Employee Benefit Plans Conference If you are involved in audits of employee benefit plans you can't afford to miss this important new conference. Get first-hand news and information on issues vital to auditors of employee benefit plans from national and local industry experts, including Ian Dingwall, chief accountant of the Department of Labor.
If you prefer to take your CPE from the comfort of your own home or office, then you should explore TSCPA's CPE webcasts and webinars. New topics are added every week! They range from one to eight hours in length and are a convenient and economical way to get the training you need. Topics include accounting and auditing, governmental, taxation, HR issues, ethics, computer/software training and more! CPE Link: http://www.tscpa.com/cpe/cpe_link.aspx Accounting Practice Management Management and Leadership in a CPA Firm - Part 4 by Bill Reeb In this issue’s commentary, Bill Reeb concludes his four-part series. The first three columns covered various styles of leadership/managers, common excuses for not training others and why failure and “having your people’s backs” are such important ingredients in the development process. With that foundation in mind, this article takes a look at what you should be doing now in order to become a more effective people manager and developer. Read the full article at http://www.tscpa.com/hotwire/reeb031010.html. Salary Compression: Will It Be Your Next Pay Challenge? Salary compression refers to when there is an unusually small pay differential among positions with various skills and responsibility levels, or where people at lower-level jobs are paid as much or more than those in higher-level jobs. Changes in staff at CPA firms and the continued trend toward mergers means that salary compression is going to be a challenge CPA firm leaders will be dealing with more frequently. Read the full article at http://www.tscpa.com/hotwire/salary_compression.html.
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