TXCPA Dallas
October 2020 Newsletter
In This Issue…
- Chairman's Message
- CPE
- Events
- Networking
- Announcements
- Marketplace
- Membership
- Classifieds
- TXCPA
Chairman’s Message
By Jason Freeman, CPA
TXCPA Dallas presents some super opportunities this month for you to pick up important information, as well as a few CPE credit hours. On October 20th, Tim Pike, Audit Partner at Howard LLP, will present Common Frauds. On October 27th, Professor Allison McLeod will lead our monthly ethics course. Duncan Campbell, a Baker Tilley partner, will present Presidential Tax Proposals Ahead of the Election on October 29th. These classes will be presented online, and we hope you’ll take advantage of all these great offerings.
If you’re interested in networking, we hope you’ll join us on October 29th for our virtual October Thirsty Thursday. Since we started these get-togethers in response to quarantine, they’ve become one of our most popular events. This is an excellent opportunity to get to know your fellow Chapter members in the relaxed setting of your own home, and we hope you’ll join us. Although it’s not a networking opportunity, I encourage you to log in to our Facebook page at 10:00 a.m. on Monday, October 5th, for our monthly Dallas Live event. I’ll be talking to Willie Hornberger, a Jackson Walker partner, former Board Chairman of both TXCPA Dallas and the state society, popular speaker, mover, shaker and all-around great guy. Willie is rarely at a loss for words, and I’m sure you’ll find our discussion entertaining and informative.
Don’t forget that you only have through 5:00 p.m. tomorrow, October 2nd, to submit your nominations for 2021-22 TXCPA Dallas leadership positions. There’s an article elsewhere in this newsletter that gives you more information, but I do want to encourage you to participate in this important aspect of your association membership. Help create the future of your organization by getting your nominations in to Laura McFadden by close of business tomorrow.
Speaking of the future, let’s talk about mentorship. I remember with fondness, as you probably do as well, those who took the time to support and guide me in the starting years of my career. Many are still valued friends and advisors. These special relationships are priceless in the development of students and young professionals and directly assist in building the potential of any given industry. TXCPA Dallas is exploring the possibility of creating a mentorship program between our younger members and those with the skill and experience to help prepare them for the changing times ahead. If you’re interested in volunteering your time and talent to shape the future of the accounting field, please contact us at your earliest opportunity.
TXCPA Dallas exists to be of the highest service to all its members, regardless of race, gender, age, religion or identity, recognizing the value that comes from the broadest spectrum of experience and culture. In response to the current climate of division we find our country in, we believe that professional organizations can be powerful change agents. As part of my vision for this year, I have developed a Diversity & Inclusion Task Force to help ensure that our actions and reputation always reflect that belief. If you would like to be a part, I welcome your participation and invite you to join us. Please contact us to enlist in this initiative
Until next month, I wish you a safe, healthy and productive October.
Jason Freeman, CPA
Chairman, 2020-21
Online CPE Event:
Common Frauds
Tuesday, October 20, 2020
TXCPA Dallas
invites you to an
Online CPE Event
Common Frauds
presented by
Tim Pike
Partner, Howard LLP
Tuesday, October 20, 2020
1:00 p.m. – 3:00 p.m.
This is an online event.
Course Description: This session is designed for those who need to consider fraud, whether internally or for auditors.
Learning Objectives: Attendee will learn new audit standards and their impact, as well as troublesome and upcoming areas.
Course Level: Basic/Technical
Prerequisites: None
Course #: 21120521
CPE Credit Hours: 2
Date: Tuesday, October 20, 2020
Time: 1:00 p.m. – 3:00 p.m.
Format: Live (Internet-based)
Cost: $35/Members
$135/Non-Members
To register for this event, click here.
Online Ethics Course
A CPA’s Guidebook for Ethical Behavior:
A CPE Ethics Course for Texas CPAs
Tuesday, October 27, 2020
You are invited to join us for our monthly, State-approved, four-hour Ethics course, A CPA’s Guidebook for Ethical Behavior: A CPE Ethics Course for Texas CPAs. This course will be taught by Professor Allison McLeod.
Speaker and author, Allison M. McLeod, LL.M., CPA, will educate and inform CPAs not just on what is the right thing to do according to the Texas Rules of Professional Conduct but how to put your values into action! As part of this course, we will also look at various schools of ethical thought and walk through real world examples of individuals and companies faced with moral dilemmas.
Description: A CPA is challenged in today’s work world to not only serve his/her client or employer but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find him or herself in an ethical dilemma. This course covers not only basic ethical frameworks, but also specific rules governing CPA practice and responsibilities. It concludes with a section on how a CPA can put his or her ethics into action.
Objective:
- To educate licensees in ethics of professional accounting as Texas CPAs.
- To convey the intent of the Texas Rules of Professional Conduct and the AICPA Code of Professional Conduct in the performance of professional accounting services/work, not to adhere to the mere technical compliance of such rules.
- To assist the Texas CPA in applying ethical judgment in interpreting the rules and determining public interest. Public interest should be placed ahead of self-interest, even if it means a loss of job or client.
- To review and discuss the Texas Rules of Professional Conduct and their implications for persons in a variety of practices, including:
- CPAs in client practice of public accountancy who perform attest and non-attest services.
- CPAs employed in industry who provide internal accounting and auditing services.
- CPAs employed in education or in government accounting or auditing.
Course #: 21600514
Date: Tuesday, October 27, 2020
Time: 8:00 a.m. – 12:00 p.m.
Level: Basic/Ethics
Prerequisites: None
Format: Webinar (Internet-based)
CPE Credit Hours: 4
Sponsor #: 441
Cost: $120/Member; $150/Non-Member
To register for this course, please click here.
In Case You Missed It….
Steve Tillinger’s Partnership/LLC Tax Issues & Update | 16 hours CPE
October 28 & 29, 2020 • 8:30 am each day
Register by October 12 and Save $100!
If you weren’t able to attend Steve Tillinger’s partnerships and LLC webinar, originally held on August 31 and September 1, TXCPA Austin is offering a repeat! On October 28 & 29, you have another opportunity to participate in Steve’s excellent online presentation, Partnerships/LLC Tax Issues & Update.
This course will bring you up to date on the important tax issues affecting your clients operating as partnerships and limited liability companies. Your instructor will address the important tax issues of contributed property and maintaining capital accounts; special allocations and substantial economic effect; the importance of the qualified income offset to members of LLCs; the tax definition of recourse and non-recourse debt, and how it is allocated and reported on the K-1; what you must know about how the at-risk rules apply to LLCs; the importance of the Texas LLC statute; and much more! While there are no prerequisites, parts of the course will seem basic, intermediate, or advanced, depending on your familiarity in the area. As a participant, you will receive an excellent resource, Practical Guide to Partnerships and LLCs, a 569-page tenth edition textbook published by CCH, Inc. The textbook is comprehensive, clearly written and provides practical guidance on this complex subject. Your instructor says this is his “go to” book on partnership/LLC tax issues and, by itself, is worth the price of admission.
Online CPE Event:
Presidential Candidate Tax Proposals Ahead of the Election
Thursday, October 29, 2020
TXCPA Dallas
invites you to an
Online CPE Event
Presidential Candidate Tax Proposals
Ahead of the Election
presented by
Duncan Campbell
Partner, Private Wealth, Baker Tilley US LLP
Thursday, October 29, 2020
1:00 p.m. – 3:00 p.m.
This is an online event.
Course Description: In this course, Duncan Campbell will help attendees gain an understanding of the presidential candidate proposals and changes expected to come.
Learning Objectives: Participants will:
- Identify the planning opportunities available for 2020; and
- Discuss the impacts of the proposed changes to estate planning.
Course Level: Basic/Technical
Prerequisites: None
Course #: 21120519
CPE Credit Hours: 2
Date: Thursday, October 29, 2020
Time: 1:00 p.m. – 3:00 p.m.
Format: Live (Internet-based)
Cost: $35/Members
$135/Non-Members
To register for this event, click here.
Coming in November….
Save the Date!
November 5, 2020
Auditing in the Time of COVID
presented by
Lucas LaChance
Partner, Lane Gorman Trubitt LLC
&
Sara Godecke
Partner, Lane Gorman Trubitt LLC
___________________________________________
November 10, 2020
New Section 263A UNICAP
presented by
Heather Bradshaw
Senior Manager, RSM US LLP
&
The Final GILTI High Tax Exclusion Regulations
presented by
Greg Pudenz
Partner, International Tax, RSM US LLP
Details and registration for these events coming soon…
EVENTS
Dallas Live
Monday, October 5, 2020
Join us on Monday, October 5th at 10:00 a.m.
for another of our Facebook Live events,
Dallas Live.
TXCPA Dallas Board Chairman Jason Freeman
will be talking with Willie Hornberger,
former Board Chairman of both TXCPA Dallas and TXCPA,
and a partner at Jackson Walker LLP.
Tune in for what’s sure to be an interesting conversation.
Click here at 10:00 a.m. on Monday morning.
NETWORKING
Virtual Thirsty Thursday
Thursday, October 29, 2020
TXCPA Dallas Invites You
to Attend
THIRSTY THURSDAY
A Virtual Event
Join us for a
Virtual Networking Event
on
Thursday, October 29, 2020
5:00 p.m. – 6:00 p.m.
This event will be held via Zoom.
There is no cost,
but please let us know you’re coming
by clicking here.
We hope you can join us!
ANNOUNCEMENTS
TXCPA Dallas
2021-22 Leadership Nominations
TXCPA Dallas invites you to nominate leadership candidates for the 2021-2022 year. Click here if you would like to make nominations for any of these positions:
- Chairman-elect
- Treasurer-elect
- TXCPA Dallas Board Directors
- TXCPA Directors
- Nominations Committee
The deadline for nominations is October 2, 2020.
D CEO Magazine Presents
Defining the Future of Texas Oil & Gas:
A Conversation with Industry Leaders
Wednesday, October 28, 2020
TXCPA Dallas is pleased to partner with D CEO Magazine to present a virtual and live event: Defining the Future of Texas Oil & Gas: A Conversation with Industry Leaders. Click here for more information and to register.
MEMBERSHIP
Congratulations Are in Order
Ken Horwitz’s cookbook Deep Flavors just received an award for excellence. You can read the five-star review here. Deep Flavors, Ken’s labor of love, is available from Amazon or through the Deep Flavors website.
Our current Board Chairman Jason Freeman was recently named “Attorney of the Month” by Attorney at Law Magazine.
Congratulations, Gentlemen, on your high and well-deserved honors!
Welcome, New Members!
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