Brazos Valley Chapter

CPA News September/October 2015

 

In this Issue:

  • Chapter News

  • TSCPA News

CHAPTER NEWS

Free CPE Course – Thursday, September 17th

The Peterson Law Group invites you to attend a free 1.0 CPE. Call their offices at 979-703-7014 to register.

Word on the Street: The Power & Functionality of the Lifetime QTIP – 1.0 Hours

Lifetime QTIP planning provides tremendous planning for married couples – especially those with special circumstances. Couples in second (or subsequent) marriages certainly gain much by Lifetime QTIP planning, as do couples in which one spouse holds more of the family wealth. You will learn when it’s appropriate to consider doing Lifetime QTIP planning, and how this strategy can provide flexibility and peace of mind while adding to the portfolio of services you offer. We will also explore related strategies like the “supercharged Credit Shelter Trust” and why it is particularly powerful.

When: Thursday, September 17th – 12:00pm-1:00pm

Where: Paolo’s Italian Kitchen, 809 University Drive East, College Station

Cost: Free and Includes Lunch

Scholarship Fundraising Luncheon – Thursday, October 22nd

Each year our chapter awards four scholarships to students who will be attending institutions of higher education. Two of these scholarships go to students at Texas A&M University, and we award two more to dependents of BVTSCPA chapter members.

Please join us for the 2015 scholarship fundraising luncheon on Thursday, October 22nd. Tickets are $20 per person and available from any board member or Amber Bass 979-255-2458 or amber@bvcpa.org. This come and go meal at Outback Steakhouse is available from 11:30-1:30, but please arrive no later than 1:00 to allow time for your meal. The menu includes your choice of steak or chicken with sides, salad, drink, and dessert. Takeout meals are available, too.

When: Thursday, October 22nd – 11:300pm-1:30pm – Come & Go

Where: Outback Steakhouse, 2102 S Texas Avenue, College Station

Cost: $20

TSCPA Honors Linda Johnson and W. Barton Munro

In late June at its Annual Meeting, TSCPA honored two BV Chapter members. Linda Johnson received the privilege of Honorary Membership in appreciation for her many years of devoted service to TSCPA. Also receiving recognition was W. Barton Munro as a 50-year continuous member. Please join us in congratulating them for their achievements.

Job Postings

Are you looking for a new job or know another CPA that is? Please visit our website for a list of job postings in our area. www.bvcpa.com/job-opportunities/

Volunteer Opportunities

18th Annual BCS Chamber of Commerce Youth to Career Fair

We need local CPA’s to volunteer for the BV CPA Society booth at the 18th Annual BCS Chamber Youth to Career Fair. Eighth grade students from local schools will be attending to be exposed to a variety of career options for them to consider prior to high school.  It is a great opportunity to get students excited about the option of a career in accounting.

When: Wednesday, October 21st

9:00 a.m. – 2:30 p.m. (volunteers needed for 1 to 2 hour time slots)

Where: Brazos County Expo Complex, 5827 Leonard Road, Bryan

To schedule your time, contact Tara Blasor at tarablasor@gmail.com.

20th Annual Food for Families Food Drive

When: Wednesday, December 9th

4:00 – 5:00 p.m.

Where: Brazos Center, 3232 Briarcrest Drive, Bryan

If you’d like to help, contact Amber Bass at amber@bvcpa.org or 979-255-2458.

School Speakers

Your Chapter is working with local schools to identify classrooms interested in having guest speakers about business, financial literacy, or being a CPA. If you are interested in visiting a local classroom, please contact Tara Blasor at tarablasor@gmail.com. We can provide volunteers materials such as presentations and giveaways to help with preparation.

Additionally, if you speak at a local school on any topic (elementary through college), please let Tara Blasor know so we can track our outreach!

2016 TSCPA Rising Star Nominations

Do you know young CPAs doing great things for their community and their profession that deserve to be recognized for their outstanding performance? If so, nominate them as a 2016 TSCPA Rising Star. Please forward any nomination recommendations to Amber Bass at amber@bvcpa.org or 979-255-2458.

TSCPA Annual Meeting Review

The Texas Society of CPAs (TSCPA) recently held its 2015-2016 Annual Board meeting in Dallas, TX. Chapter members Lyn Kuciemba, James Larkin, Rodney Horrell, Amber Bass and Jennifer Mabe were in attendance. Sessions included an executive board meeting, awards luncheon (at which 50-year members and other awardees were recognized including Past Executive Director Linda Johnson as an Honorary Member), the annual meeting, and a CPA PAC reception. During the meeting, the TSCPA 2014-2015 financial statements and 2015-2016 budget were presented and approved. In addition, AICPA President/CEO Barry Melancon provided an overview on the landscape of the profession. Mr. Melancon focused on the challenges CPAs face today and into the future. Current challenges include the Millennial generation and their differing perspective on the workplace versus non-Millennials. He also highlighted the need to develop future CPA’s and the disturbing trend of less accounting graduates taking the CPA exam. Security was a challenge he indicated would continue to be a growing concern as only one in ten Americans had been a victim of an information security breach in the prior year but this year it was one in four. He also discussed the regulatory environment, firm issues, technology and changes to the CPA exam coming in 2017.

Dr. Bernard Weinstein, Economist and SMU Professor, provided an economic outlook focusing on Texas. Despite lower energy prices, Dr. Weinstein does not see a recession in Texas’ future although areas highly dependent upon the energy sector may have a recession. U.S. Representative Mike Conaway, CPA, provided an update on congressional activities in Washington D.C. and Texas Representative John Otto, CPA, gave us his insights on the 84th Texas Legislative session that recently concluded. This meeting also began the TSCPA celebration of its 100 year anniversary. The yearlong celebration will continue with Free CPE and a reception at the Young CPAs Conference in October and conclude at next year’s annual meeting in Galveston. The following video looking back at the TSCPA’s history was shown https://www.youtube.com/watch?v=sNhzKZQcooQ&feature=youtu.be.

For more on the Annual Board meeting, please visit https://www.tscpa.org/eweb/DynamicPage.aspx?webcode=ABT2015Summary.

TSCPA NEWS

Follow TSCPA on Twitter

TSCPA wants to communicate with you in 140 characters or less. Follow @TXCPAS (http://twitter.com/#!/TXCPAS), TSCPA’s main Twitter handle, for general updates and profession news and information. Also follow TSCPA’s student/candidate specific handle, TXCPA2B (http://twitter.com/TXCPA2B) for news relevant to accounting students and candidates.

Tweet with us as we keep tabs on upcoming events, conferences, meetings and 100th anniversary celebration activities.

Business & Industry Center on the Website

The Business and Industry Center on TSCPA’s website was designed for CPAs who work in business, industry and government. The B&I Center offers resources to help you keep current on profession news and stay in contact with other CPAs. On the site, there are specialized neighborhoods for Manufacturing, Service Industry, Internal Auditors, CFOs, Healthcare, Energy, Nonprofit, Education, and Government. You’ll also find social networking opportunities, member profiles, a link to join the B&I LinkedIn group, and much more.
Visit the center
Join the B&I LinkedIn group

Ask Bill

TSCPA member Bill Schneider, CPA-Dallas, blogs regularly about issues that affect CPAs in business and industry. You can read and subscribe to the blog at www.industry-issues.com. Schneider would like to hear from members about topics that they’d like to see discussed on his blog. Questions and discussion topics can be sent to Rori Shaw at rshaw@tscpa.net with subject Ask Bill.

Talk with Someone Who Understands

Mary came home to find her teenager had raided the liquor cabinet. She discovered that it was not the first time and the teenager’s addiction wasn’t limited to alcohol. Without a network of friends or acquaintances familiar with this problem, where can she turn?

The Accountants Confidential Assistance Network offers assistance. Call us at 866-766-ACAN (2226). We’re here to help.