TXCPA Dallas
September 2019 Newsletter
In This Issue…
- Chairman's Message
- CPE
- Events
- Convergence 2020
- Giving Back
- Membership
- Announcements
- Classifieds
- TXCPA
Chairman’s Message
By Bill Sims, CPA
September marks the end of summer, the start of football season and the beginning of cooler temperatures (we hope!). As we eagerly await that first nip in the air, TXCPA Dallas is announcing some pretty cool events of its own.
The Young Professionals Group is holding a CPE event on September 18. Scott Sorbet of Hilltop Holdings will present, “Break the 120 CPE Credit-Hour Mindset Like Your Job Depends on It.” On September 20, we offer our monthly Ethics course, and on September 26, you can attend an afternoon education session focused on Human Resources issues entitled, “Top 10 Employment Mistakes.” You can register for all these events and more via the events calendar on our website.
The 2019-20 Member Appreciation CPE Series has been scheduled. The dates are: October 22, November 12, December 19 and January 8. More information and registration for the October event will come soon, so watch your inbox. And we have set the date for Convergence 2020. Our annual, all-day CPE conference will be held on Monday, May 4, 2020, at the Omni Frisco Hotel at The Star. Registration will open in December with Early Bird pricing available, so you’ll want to sign up early and plan to join your friends and colleagues at the premier event of our CPE year!
If social events and community outreach are more in your line of interest, be sure to check out a couple of fun activities this month. Our September Thirsty Thursdaysocial hour takes place on September 19 at Blue Mesa Grill in Addison. TXCPA Dallas will participate again this year in St. Jude’s Walk to End Childhood Cancer on Saturday, September 21. This worthwhile cause is fast becoming a perennial favorite of the association, and we hope you’ll join us at the AT&T Performing Arts Center on the morning of the 21st and be a part of something very special.
Also this month, we are accepting nominations for 2020-21 TXCPA Dallas leadership. If you know of someone whom you believe would be a great addition to our leadership team, submit your nominee(s) to Laura McFadden by October 7. Let your voice be heard in the future direction of your professional association.
Until next month, have a prosperous and productive September.
Bill Sims, CPA
Chair, 2019-20
CPE
Young Professionals Group
Meeting and CPE Event
Wednesday, September 18, 2019
TXCPA Dallas’
Young Professionals Group (YPG)
invites you to a
YPG Meeting and CPE Event
Wednesday, Sep. 18
4:00p.m.
at the
TXCPA Dallas Training Facility
Scott Sorbet
Senior Manager, Hilltop Holdings Inc.
will present
Break the 120 CPE Credit-Hour Mindset
Like Your Job Depends on It
Course Description
When you pass the CPA exam you celebrate crossing a finish line on a career goal, but then also find yourself at the starting line of a completely new race – the race for relevance. Imminent changes in the business landscape brings a demand for new skills and a fresh approach to new problems not yet known. CPE is no longer a punch list task for state board compliance. Instead learning skills of the future is the new lifeline for positioning CPAs into relevance for the rest of the 21st century. Big data, artificial intelligence, blockchain, and cryptocurrency are here to stay, but what should CPAs do to make sure they are too?
Learning Objective
Participants will:
· Understand the importance of recognizing the shifting skillset demands of CPAs.
· Reframe the mindset of obtaining CPE training.
· Learn how to prioritize CPE goals for current and future skills.
Course #: 20540423
CPE Credit Hours: 1
Date: Wednesday, Sep. 18
Time: 4:00p.m.
Category: Basic/Non-Technical
Prerequisites: None
Location: TXCPA Dallas Training Facility
12400 Coit Road, Suite 750, Dallas 75251
Cost: $0/DCPAS Members
$10/Non-Members
Ethics Courses
September – October 2019
TXCPA Dallas is pleased to offer the required, State-approved, 4-hour Ethics course.
Location:
TXCPA Dallas Office
This course is taught by Dr. Richard Mark.
Description: The course examines all of the various components of ethical issues essential to any CPA’s practice in the State of Texas. A main objective of the course is to work with CPAs to identify and reach satisfactory conclusions about ethical issues in all phases of public, corporate and governmental practice. To accomplish this objective, the course examines ethical principles and concepts, ethical reasoning, corporate governance and fraud, the impact of culture and human behavior on ethical conduct and applicable current Texas Rules of Professional Conduct through an interactive class environment.
Objective: To gain a better understanding of how a CPA’s ethical standards impact daily decision-making in practice and business.
Course No.
20600414 – Friday, Sept. 20, 8 a.m.-12 p.m.
20600514 – Friday, Oct. 18, 12-4 p.m.
20600614 – Thursday, Nov. 14, 8a.m.-12p.m.
Level: Basic
Prerequisite: None
Format: Classroom
Credit Hrs. Four (4)
Sponsor No. 441
Cost:
$120 (Member)
$150 (Non Member)
To register for these courses, please click here.
CPE Event:
Top 10 Employment Mistakes
Thursday, September 26, 2019
TXCPA Dallas
invites you to a
CPE Event
Top 10 Employment Mistakes
Thursday, September 26, 2019
1:00p.m. – 5:00p.m.
in the
TXCPA Dallas Training Facility
Speakers:
Heather Guarnera
Vice President-HR Consulting, HumCap LP
Diana Meisenhelter
President, MorganMeisenhelter
Jimmy Taylor
Partner, BizMultiplier
Course Description
CPAs are tasked with managing the assets of a company which includes managing human capital. During this four-hour session, participants will learn the “Top 10 Employment Mistakes” made by businesses by discussing the 10 most common mistakes that businesses make with implementing and maintaining HR compliance in their organization.
Learning Objectives
Participants will learn:
· The top 10 most common HR mistakes companies make;
· Trending employment topics including strategies to recruit top talent, establish and maintain employee engagement and increase employee retention; and
· Things they can do that can favorably impact their organizations immediately and enhance their effectiveness as financial leaders.
Course #: 20540413
CPE Credit Hours: 4
Date: Thursday, Sep. 26
Time: 1:00p.m.
Location: TXCPA Dallas Training Facility
12400 Coit Road, Suite 750, Dallas, TX 75251
Cost: $35/Members
$135/Non-Members
2019-20 Member Appreciation CPE Series
Save the Date!
TXCPA Dallas’
2019-20 Member Appreciation CPE Series
will begin in October.
Mark your calendars and watch for
the opening of registration for events
to be held on these dates:
Tuesday, Oct. 22, 2019
Tuesday, Nov. 12, 2019
Thursday, Dec. 19, 2019
Wednesday, Jan. 8, 2020
All seminars begin at 12:30 p.m. at the
Communities Foundation of Texas
Events
September Thirsty Thursday
Thursday, September 19, 2019
Join us for our monthly networking event on
Thursday, Sep. 19
6-8 p.m.
at
(Plenty of parking, including an underground garage!)
This event is sponsored by
There is no cost,
but please click here to let us know you’re coming.
All TXCPA Dallas members are welcome!
See you there!
Convergence 2020
Convergence 2020
SAVE THE DATE
!!! SAVE THE DATE !!!
TXCPA Dallas is pleased to announce its
hallmark event of the year
CONVERGENCE 2020
Monday, May 4, 2020
Omni Frisco Hotel at
The Star
Circle the date on your calendars
and plan to attend the premier
accounting CPE event
in North Texas!
Watch this newsletter and your email inbox
for the opening of registration.
Convergence 2020
Convergence 2020
Thank You to Our Sponsors
Giving Back
St. Jude Walk/Run to End Childhood Cancer
Saturday, Sept. 21
On Saturday, Sept. 21, we will celebrate our third year of participation in the St. Jude* Walk/Race to End Childhood Cancer. If you would like to join TXCPA Dallas team, click here, click “Register and Join a Team”, log in or create an account, and join Team “TXCPA Dallas”. Thanks in advance for your registration, and we look forward to seeing you on Race Day, Sept. 21!
* For more information on the St. Jude Children’s Research Hospital, check out this website.
If you are interested in being a part of these events, you can register your participation by clicking here.
Remember to check out our website regularly to see what new and worthwhile charities we’ll be supporting next.
Welcome, New Members!
|
|
Congratulations Are in Order
John Wauson was recently promoted to Partner-in-Charge of Weaver’s Risk Management Services. Way to go, John!
DCPAS Scholarship Winner Spotlight
Each month, we will spotlight one of this year’s TXCPA Dallas Scholarship winners. Join us this month in getting to know University of Texas at Dallas (UTD) graduate accounting student, Olamiposi Ajayi, and welcoming him to TXCPA Dallas.
Olamiposi Ajayi’s journey to accounting has been a series of steps and milestones. Perhaps his biggest step was coming to Dallas directly from Nigeria four years ago with the dream of becoming an accountant gleaned from the accounting classes he had enjoyed in high school and the accounting role models he had known. Once in Dallas, his next step was enrollment in Richland College. At Richland, he concentrated on building his academic record and researched the career opportunities available to accountants. The next step was to transfer to UTD where, through the prestigious Professional Program in Accounting (PPA), Olamiposi acquired public accounting experience through internships at different companies. This experience helped him decide on an audit path to his goal of becoming a public accountant. Finally, this past spring he reached his latest milestone, achievement of his Bachelor’s degree in Accounting.
Olamiposi received Richland College’s Spring 2017 Honors Scholarship. He has also received the PPA, Comet Transfer, Phi Theta Kappa Transfer and Diversity scholarships from UTD. He is a member of the National Association of Black Accountants, Phi Theta Kappa fraternity, Association of Latino Professionals in Finance and Accounting, the Diversity Scholars Program and the National Association of Collegiate Scholars. He also serves in the Media Department and as a youth leader at Upendo Baptist Church.
Olamiposi’s next milestones on the way to his ultimate goal of the receipt of his CPA license will be graduation with his Masters in Accounting in May of 2020, then sitting for the CPA exam.
TXCPA Dallas welcomes and congratulates Olamiposi Ajayi.
ANNOUNCEMENTS
2020-2021 TXCPA Dallas Leadership Nominations
Who will shape the future of TXCPA Dallas? Here’s your chance to have a voice. We are currently accepting nominations for 2020-21 leadership positions listed below.
Chairman-elect
Treasurer-elect
TXCPA Dallas Directors
TXCPA Directors
Nominations Committee Members
Please nominate qualified candidates by October 7, 2019, by sending your recommendations to: lmcfadden@cpadallas.org.
CLASSIFIEDS
Practices For Sale
Practices For Sale in North Texas: gross revenues shown: Mansfield CPA $555K; E. Texas EA $266K; S. Dallas/Oak Cliff Area CPA $240K; East TX CPA $488K; Northern Collin Co. CPA $525K; Abilene CPA $367K; E. Texas (Tyler/Longview Area) CPA $801K; Mansfield CPA $514K; West of Ft. Worth CPA $750K; Ft. Worth (TCU/Zoo Area) CPA $687K; Grapevine/Southlake Area CPA $470K; Ft. Worth CPA $138K; North TX CPA $1.060M; E/SE CPA $290K; Grayson Co. CPA $365K; E. Dallas Suburb CPA $345K; NE Texas CPA $209K; N. TXCPA Dallas $640K; Hurst CPA $364K. For additional listings/information, call us at 1-800-397-0249 or visit us online at www.APS.net and register for free email updates.
THINKING OF SELLING? Accounting Practice Sales is located in North Texas and is the leading marketer of accounting and tax practices here and nationwide. We have a large buyer pool as well as the experience to help you find the right fit for your firm and negotiate the best price and terms. To find out more about our risk-free and confidential services, call Ryan Pannell with The Holmes Group at 1-800-397-0249 or send an email to Ryan@APS.net.
Practices Sought
Addison CPA interested in purchasing small local CPA practice with monthly gross revenue between $1,000 and $4,000 with a business client base of at least 80%. Services include tax return preparation for business and owners, accounting, write-up, consulting, etc. I have just completed three successful buyouts, and I’m ready to acquire my fourth portfolio.
Please contact Scott at 972-960-8950 extension *#
Board Members Wanted
DALLAS CENTRAL APPRAISAL DISTRICT
SEEKS DALLAS COUNTY APPRAISAL REVIEW BOARD MEMBERS
The Appraisal Review Board (ARB) of Dallas County is a quasi-judicial body appointed by the Local Administrative District Judge of Dallas County. Members are charged with the function of providing an impartial review of the appraisal records prepared by the Appraisal District. The ARB is empowered to equalize values of all properties in the District in relation to fair market value and hear taxpayer appeals through scheduled hearings for those that dispute their appraised value. The ARB members do not work for the Appraisal District, but rather, arbitrate between the property owners and the District in order to determine market value.
The ARB is comprised of one hundred ten (110) members who hold office for terms of two years beginning January 1. To serve on the ARB, you must have lived in the area served by the appraisal district for at least two years before taking office. Other restrictions may and do apply. Members are compensated up to $175.00 per day for service.
Appraisal Review Board hearings normally begin in the first of May and conclude by the end of July. Supplemental hearings will continue once a month during the remainder of the year. You may be required to work eight hours per day for an extended period of time and some Saturdays during this time period.
Please contact the Dallas Central Appraisal District, 2949 North Stemmons Freeway, Dallas TX 75247 @ 214-631-0520 to receive an ARB Eligibility Questionnaire. You may also email your request or any questions to TaxpayerLiaisonOfficer@dcad.org.
CPE Opportunities
3 HOURS CPE CREDIT
LUNCH INCLUDED (FREE)
DECEMBER 11TH 11:00 A.M. TO 3:00 P.M.
FT. WORTH CLUB, HERITAGE ROOM
306 WEST 7TH STREET
FT. WORTH, TEXAS
WHY ADOPT A QUALIFIED PLAN?
A qualified plan provides current tax savings and can build wealth for tomorrow.
▪ Contributions are tax deductible ▪ Plan earnings grow tax deferred ▪ Tax-free insured death benefits ▪ Savings for retirement ▪ Generally protected from the claims of creditors ▪ Enhances employee loyalty ▪ Helps attract and retain quality employees
WHY CONSIDER A DISTRIBTUION SOLUTION?
Accumulated qualified money is subject to ordinary income taxes when distributed during lifetime or at death. Required minimum distributions are required at age 70 ½.
▪ Reduce tax bill 25% or more ▪ Remove money from RMD requirements ▪ Leverage for increased benefits ▪ Reposition money for tax-free growth ▪ Reposition money for tax-free income
PLEASE RSVP TO: brasel@northbeamfinancial.com
Include: Name, address, phone and email
TXCPA
TXCPA Chapter Tip Sheet
Want CPE on YOUR Schedule? Purchase a TXCPA Passport for $199
Looking for convenient access to quality CPE courses at a great value? Our new TXCPA Passport is for you! This one-year subscription to on-demand programs is available at a special low price of just $199 for members. Over 160 credit hours are available in one- and two-hour programs on topics including tax, accounting, assurance, not for profit, fraud and more! Purchase a passport.
Accounting Career Education (ACE)
Plans are underway for another successful year of accounting career education. Individual members are encouraged to speak to classes or participate in career fairs. TXCPA offers free classroom materials, talking points and giveaways for students.
Please be sure to let your chapter know about your activities so that efforts are coordinated for maximum effectiveness.
For information about TXCPA’s ACE program, contact Bryan Garza (phone 800-428-0272 x 255 / 972-687-8555).
It’s Not Too Late to Live the Good Life You Deserve
There is help! It’s not too late to live the good life you deserve. We’re glad to assist CPAs, CPA candidates and students who want to know whether they might have a problem and talk about solutions. We’ll help you locate the professional resources you need to improve your life. Call the Accountants Confidential Assistance Network at 866-765-2226 or visit us online to learn more.