17Sep10 (17sep10)

17Sep10
Volume 4, Number 17September 10, 2004www.gscpa.org
 
in this issue:
 

Governor Sonny Perdue
to speak at Distinguished Speakers Dinner

Tax Info – Interest Rates Increase for Fourth
Quarter; New Email
Service Available For Technical Guidance; IRS Initiative Will Scrutinize EO Compensation Practices

GSCPA 101
2005 Annual Convention
in Grand Cayman Celebrates GSCPA’s Centennial

PCPS Creates Tool for CPAs Advising Not-for-
profit Boards

Technology Update
CPE News
Items to Note

 
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www.gscpa.org
E-Sources, a resource for GSCPA members, provides timely information about issues affecting the accounting profession, educational opportunities, and special events. E-Sources is sent on the second and fourth Friday of each month.

To view the online version of this newsletter, please click here.

This issue of E-Sources is sponsored by:
 


Flag Bank provides customized financial solutions
to CPA firms and your clients. To find out how we
can help, call Donyale Thatch at 404-760-7761.


  Governor Sonny Perdue to Speak at Distinguished Speakers Dinner
 
The GSCPA is honored to have Governor Sonny Perdue as its guest speaker at the Distinguished Speakers Dinner,Wednesday, November 10 at the Grand Hyatt in Buckhead. NOTE: This is a change from the originally publicized date of November 9. The cocktail reception begins at 5 p.m.; dinner is at 6 p.m. and the Governor will speak at 7 p.m. The cost is $45 per person; one hour CPE. Register early, as seating is limited. To register, visit the CPE catalog and enter course #11601.
 
Tax Info:

Interest Rates Increase for Fourth Quarter, 2004 - The IRS announced there will be a one percentage point increase in the interest rates for the calendar quarter beginning October 1, 2004. The interest rates are as follows: 5 percent for overpayments (4 percent in the case of a corporation); 5 percent for underpayments; 7 percent for large corporate underpayments; and 2.5 percent for the portion of a corporate overpayment exceeding $10,000. 

New Email Service Available For Technical Guidance : The IRS is launching a new service to make technical guidance available via email to tax professionals when the documents are issued. Through the IRS Guidewire listserv, subscribers will receive notification of and links to IRS announcements, notices, revenue procedures and revenue rulings as they are issued. To subscribe, individuals should request to be added to the list server by going to the Subscribe to IRS GuideWire page.

IRS Initiative Will Scrutinize EO Compensation Practices : The IRS announced a new enforcement effort to identify and halt abuses by tax-exempt organizations that pay excessive compensation and benefits to their officers and other insiders. As part of the Tax Exempt Compensation Enforcement Project, the IRS will contact nearly 2,000 charities and foundations to seek more information about their compensation practices and procedures.

Keep current on tax issues. Join the GSCPA Taxation Section

GSCPA 101:


Back By Popular Demand - GSCPA 101 (course no. 10704); October 8; GSCPA Training Center; 3 hrs. CPE. Learn about the GSCPA and what it can do for you. You will learn about services, affinity programs, volunteer and leadership opportunities, and more. The cost for the class is $15 and includes breakfast. If you have any questions, call Member Services at 800-330-8889 Opt. 4.

 

Annual Convention:



Celebrate the GSCPA’s Centennial Year with Sand
Between Your Toes. Mark your calendars for the Annual
Convention, June 20-23 at the Hyatt Regency Resort on
Grand Cayman Island
. Fabulous surroundings for a
fabulous celebration – come and toast 100 years of
excellence. For convention details, visit the web site.

PCPS Creates Tool for CPAs Advising Not-For-Profit Boards:

PCPS, the membership section of the AICPA, has created a resource for CPA firms that work with not-for-profit clients. “Not-for-Profit Board Member Orientation” is a PowerPoint presentation on corporate governance and effective board management that firms can deliver in face-to-face meetings with current and potential clients.
 
Technology Update :

Security Basics for PDAs and Handheld PCs

Small Business Computing (08/27/04); Laura Taylor - Many workers use their own PDAs and other handheld devices for business purposes, even linking them to the company network. As a result, companies need to be concerned about viruses, device and data theft, and other security breaches. They would be wise to create and enforce security policies governing the use of employee-owned handhelds. This update is sponsored by Best Software.

Keep current on IT issues and developments by joining the GSCPA Information Technology Section.
 
CPE News:


The Accounting Institute (course no. 13035) – Your Roadmap for Providing Assurance Services; October 1; 8 hrs. A&A. Early registration deadline is September 17. The Institute will be held at the Classic Center in Athens. General sessions include Dennis Dycus, "Walkin’, Talkin’, Lookin’, and Listenin’, or, Things That Most Auditors Don’t Do Well," and John McAllister's "Principles-Based Accounting Standards and Other Developments."

2004 Fall Decision Makers Conference (course no. 13045) - You Hold the Key to Your Organization's Success; October 22; 8 hrs. CPE (including 5 hours A&A); Cobb Galleria Centre. Early registration discount ends October 1. Session topics include: Think Like a Thief - Fraud Issues & Answers for CPAs; Wage and Hour Issues; Terrorism in Accounting; Ethics - Shifts in Behavior and Culture; Levels of Financial Knowledge.

ACPEN Webcast – Professional Ethics; September 23; 10 a.m.- noon or 2 - 4 p.m.; 2 hrs. CPE. CPAs are providing a variety of non-traditional services for clients. What role do you play in your clients' success? Which ethical rules apply and when? Practical advice and invigorating discussions are the atmosphere you will experience with this ethics course. Go to this link and add to cart to register for Professional Ethics and to view upcoming ACPEN webcasts.

UPCOMING COURSES:
Advanced Forensic Techniques for Accountants** (course no. 09033); September 20; GSCPA Training Center; 8 hrs. A&A; Instructor - Ron Clark. During this advanced course, you will enhance your forensic skills with improved techniques for handling electronic evidence and using public records. Improve your ability to find a link when one is not apparent and trace to a conclusion. Become an expert in forensic accounting today with the latest techniques.

Transfer Taxes: Gift, Estate and Generation Skipping Tax Compliance, Planning & Update (course no. 09056); September 27; GSCPA Training Center; 8 hrs. CPE; Instructor - Pat Kelley. This course will provide a comprehensive review of the pre-2010 transfer taxes: compliance and planning; gift, estate, and generation-skipping tax computations; code section 7520 computations; planning devices; marital deduction arrangements; QTIPs, Grits, Grats and Gruts; Charitable trusts; Use of the estate, gift and GST lifetime exemptions.

Want to plan ahead? Click here for a quick view of courses offered over the next three weeks.

**AICPA members qualify for a $30 discount off course fee.

Credits is now available online. To view the most recent issue, please click here.

 


Resources Available Through CCH Tax Research Network - GSCPA section members have free access to several of CCH’s high quality online resources including certain areas of the Tax Research Network, the Accounting Research Manager’s Weekly Summaries, and Monthly Federal and State Tax Alerts. To receive access, join a section today! There is no fee for section membership. If you are already a member, login to your section’s web site. For more information, contact Don Cook, Sections Manager, 404-504-2935.

Get ready to tee off Monday, October 18 at the annual GSCPA Golf Tournament at Hamilton Mill Golf Club. Form your own foursome or we will place you in one. Shotgun start at noon. Lunch and awards dinner included. Sponsorship opportunities are available.

New volunteer opportunities are available. For a complete listing, please visit the volunteer web site.



Georgia Society of CPAs, Atlanta Financial Center, North Tower, Suite 400, 3353 Peachtree Road NE, Atlanta, GA 30326

 


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