May 25, 2007 Volume 7, Number 10 www.gscpa.org |
E-Sources, broadcast the second and fourth Friday of each month, provides timely information about issues affecting the accounting profession, educational opportunities, and special events.
In this Issue:
1. Update Your Contact Information
2. Tax Info: AICPA Comments on Tax Gap Options
3. Renew Your Dues Online
4. GSCPA Member Appointed to Department of Revenue's Advisory Group
5. Valuations & Litigations Services Section Offer First Roundtable Webcast JUNE 14, 2007
6. Register for the Annual Convention
7. Fraud Whistleblowing on the Decline
8. GSCPA Web Site Feature of the Week
9. CPE News
UPDATE YOUR CONTACT INFORMATION:The 2007-2008 Membership Directory is going to press in June. To make sure your profile is current, click here and choose “Update My Profile” to update your information by May 31.
TAX INFO: AICPA comments on tax gap options: Jeffrey R. Hoops, chair of the AICPA’s Tax Executive Committee, recently commended the U.S. Department of the Treasury for its 2006 report on the tax gap at a roundtable discussion on the topic sponsored by the Treasury Department and the Internal Revenue Service.
RENEW YOUR DUES ONLINE: We have made it easy for you. No phone calls, no paper. Just click here and follow the instructions to pay your GSCPA membership dues online. The GSCPA now accepts Discover card for your convenience.
GSCPA MEMBER APPOINTED TO DEPARTMENT OF REVENUE'S ADVISORY GROUP:The Georgia Society of Certified Public Accountants (GSCPA) is honored to announce that member, Brad Dickson, has been appointed to the Department of Revenue’s Advisory Group to serve a two-year term beginning July 1st. Mr. Dickson is a partner with Tarpley and Underwood as well as the chair of the GSCPAs’ Taxation Section. Read More.
VALUATIONS & LITIGATIONS SERVICES SECTION OFFER FIRST ROUNDTABLE WEBCAST JUNE 14, 2007
Difference Between Business Valuation Fundamentals and Lost Profits.
In the commercial litigation arena, plaintiffs often seek to recover lost profits, lost business value, or sometimes both. This presentation addresses the question of which methodology to use under which circumstances, and provides examples of when to use each, as well as scenarios in which use of both methodologies might be applicable.
Time: Noon – 1 p.m.
CPE: 1 Credit Hour
Cost: Free
Attendance Limitation: 25
(Instructions on how to join the webcast will be sent to you the day before the session.)
REGISTER FOR THE ANNUAL CONVENTION: The 2007 Annual Convention is breaking away to the
YCPA SECTION JUNE BUSINESS BREAKFAST: Join the YCPA Section for the June Business Breakfast, Wednesday, June 6 from 7-8:30 a.m. at the
June Breakfast Sponsor:
Oldcastle Inc. is the North American holding company for CRH plc, the major international building materials company based in
Please see our web site for additional details.
FRAUD WHISTLEBLOWING ON THE DECLINE: A recent study uncovered a disturbing trend that fraud whistleblowing has decreased since passage of the 2002 whistleblower protection in the Sarbanes-Oxley Act.
GSCPA WEB SITE FEATURE OF THE WEEK: Keep current on the latest news and trends that affect continuing education. Under the CONTINUING EDUCATION section, visit “Education News” to read articles and updates that may affect your CPE credits.
CPE NEWS
UPCOMING CPE COURSES:
Georgia State Tax Issues; Course No. 06003
June 4; 8 hours CPE
Instructor: Patrick D. Kelley
8:30 a.m. - 4p.m.;
June 4; 8 hours A&A
Instructor: Vincent J. Flynn
8:30 a.m. - 4p.m.;
Form 5500: Prepare It Fast-File It Right-the 1st Time (Eligible for $30 per day discount to AICPA Members);
Course No. 06006
June 5; 8 hours CPE
Instructor: Patrick D. Kelley
8:30 a.m. - 4p.m.;
UPCOMING CONFERENCES:
The 2007 Annual Convention is breaking away to the Bahamas June 24-27. Join the GSCPA at the Westin Our Lucaya Resort on Grand Bahama Island. Speakers include Jim O’Malley, Senior Vice President of Public Affairs; Jim Martin, and Colin Blalock. Registration and details are available online.
Stay Connected at the Georgia Federal Tax Conference(GFTC); June 6-7, 2007 at Cobb Galleria Centre.
Topics and speakers include Recent Wealth Transfer Tax Developments by Jeoffry Pennell and Federal Tax Update by Sharon Scott. For complete speaker bios, please visit our speaker page.
NEW CONFERENCES FOR 2007:
MAP Conference: November 11 & 12; Focus on Leadership; Brasstown Valley Resort - Young Harris, Ga.; Keynote Speaker: Allan D. Koltin, CPA.
Work/Life Balance Conference: September 28; Cobb Galleria Centre, Atlanta, Ga. Volunteers are needed to help plan this conference. If you would like to participate in the planning of this conference, contact Lynne Carr at 404-504-2945 or 800-330-8889 ext. 2945. The planning task force typically meets over lunch for about two hours, and has two to three planning meetings as well as one wrap-up meeting after the event. The option to teleconference is available for each meeting.
Comments/suggestions? Please email ekistler@gscpa.org.
The next issue of E-Sources will be released Friday, June 8, 2007.