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EXECUTIVE EDITOR AND CEO-EXECUTIVE DIRECTOR:
Kathryn B. Anderson, CAE
DEPUTY EXECUTIVE DIRECTOR: Brent C. Johnson
SR. DIRECTOR OF MARKETING & COMMUNICATIONS:
Jan Dobson, CAE
EDITOR: Erika D. Peterman
GRAPHIC DESIGNER: Loleta K. Bolden
PUBLICATIONS COORDINATOR: Dianne Deardu!
EDITORIAL COMMITTEE: Troy Y. Manning, CPA, Chair
.
All articles submitted to Florida CPA Today are subject
availability and editing requirements and restrictions. Please
Florida CPA Today
Florida CPA Today’s
standards.
Florida CPA Today
PRESIDENT’S MESSAGE“Let’s go fishin’ ” is one of my favorite phrases and a philosophy embraced by our Board of Governors this year. For the board, “going fishing” means that we’ve been getting busy with specific projects, while having plenty of fun along the way.
COVER STORYTurbulent Times: Budget Woes Dominate 2009 Legislative Session
FEATURESCEO-Executive Director’s Message
10 Ways to Recruit Great Talent in Today’s EconomyThe Partner-Manager Relationship Florida Part of AICPA Peer Review Evolution Prudent Management of Endowment Funds by Not-for-Profit Organizations
Member Connection Leads to Special Week for Special ChildNew Risk Assessment Standards: Lessons LearnedThe 2009 FABexpo: Create Your Own PlaylistOutstanding CPE Discussion Leaders of the YearFICPA Brings Financial Literacy to Children’s Week
Florida CPA Today is an award-winning, professional publication for the 19,000-plus members of the Florida Institute of CPAs.
Our magazine:
DEPARTMENTS Educational
Foundation
Student Outreach
DOR Update
On the Move
New Members
Marketplace
4 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
ADVERTISERS’ INDEX:1st Global .............................................................. 10Accounting Practice Sales (APS) ........................... 46ADP, Inc. ................................................................. 47AON Insurance .................................................30, 41Audimation ............................................................ 34BankAtlantic............................................................. 2CPA Protector Plan ............................................... 27CPAlliance ................................................................. 8Donlevy-Rosen & Rosen, PA .................................. 36InterDyn-CFO Consulting ....................................... 46Keats Connelly ......................................................... 4National City ......................................................... 16Newman & Cohen Financial Management .......... 20Nova Southeastern University ............................... 37Profit Developers, Inc. ......................................... 44Results Partnership (Great Florida Bank) ........... 26Sage North America .............................................. 28Schwab YieldPlus Investors .................................... 24TaxWorks ............................................................... 32Thaxton Barclay Group ......................................... 24Thomson Reuters ................................................... 43Trugman Valuation Associates, Inc. .......................... 4Viera Williams, PA ................................................. 40
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By John W. Johnson, FICPA Director of Governmental Affairs
Tension in Both Chambers
Shortfall Overshadows Session
Balancing the Budget
6 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
Rep. Carl Domino and Sen. Dennis Jones
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2009 Legislative Update
Streamlining the Licensure Process
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Mobility
Bill TrackingSenate Bill 1640
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Budget
New faces on BOA
For more information about legislative or regulatory issues, please contact the FICPA’s Governmental Affairs team at (850) 224-2727, Ext. 201, or via e-mail at [email protected].
House Bill 1099
10 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
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pays?
Contribute
Collaborate
Advocate
Learn
your
10. Look at Open Positions Through New Glasses
9. Foster a Learning Environment
By Sandra Wiley, Boomer Consulting COO and Senior Consultant
8. Share Your Strategic Plan
7. Strengthen Your Technology
6. Check Out Your Archives
5. Tap Into Your “Extended Human Resources Department”
4. Don’t Neglect to ‘Net Workhhh NeNeww GlGlasassesess
rr a Learning mment
6. Check Out Your Archives
WoWorkrk
12 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
By Sandra Wiley, Boomer Consulting COO and Senior Consultant
Communication Solution
Generational Differences G
Communication
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3. Look for Young Talent
2. Help Job Seekers Find (and Want) You
1. Build a Recruitment Plan
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Business Experience
Business Experience Solution
Top 10 Ways to Boost the Partner-Manager Relationship:
Generational Differences Solution
Work Ethic
Work Ethic Solution
16 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
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Why Facilitated State Board Access?
other BOAs as specifically requested by firms.
What This Means for Your Firm
How the Process Will Work
Peer Review Promotes Firm Quality
The American Institute of CPAs
18 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
By Lynda M. Dennis, CPA, Ph.D., CGFO
History of the UMIFA
prudently
prudently
PA TODAY | May/June 2009 www.ficpa.org
e UMIFA
History of the UPMIFA
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FASB Response
FASB Accounting Standards Codification
20 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
donor-restricted endowment funds
donor-restricted board-designated
approval
established by donor-restricted gift
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By Erika D. Peterman, Florida CPA Today Editor
Investment News
22 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
By Jason Zaborske, FICPA Educational Foundation Development Manager
Desmond Howard, left, and 1040K Board of Directors Chair Ken Strauss, center, award
a $3,000 scholarship to Barry University accounting student Winston Imho!.
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A record crowd gathers at Miami City Hall to participate in the 1040K Walk/Run.
From left to right: Miami City Commissioner Marc Sarno!, 1040K Board of Directors Chair Ken Strauss, scholarship recipients Winston Imho! and Emmanuel Jourdan, Miami Mayor Manny Diaz, scholarship recipient Crystal Wiltshire, ESPN analyst and Super Bowl MVP Desmond Howard, and scholarship recipients Ismaris Soberon and Yamaris Diaz.
2009 1040KRun/WalkSponsors
Platinum Sponsors
Gold Sponsors
Silver Sponsors
Bronze Sponsors
Chapters
24 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
Schwab YieldPlus Investors
HAVE YOU LOST MORE THAN $20,000 INVESTING IN THE
SCHWAB YIELD PLUS FUND (SYMBOLS – SWYSX and SWYPX)?
Do you feel you were misled regarding the safety of this fund?
If so, you may have a legal claim against Schwab to recover your losses.
Call (321) 724-4445 or (800) 838-8320
Thomas F. Shine, Esq. 114 Sixth Avenue, Suite 4
Indialantic, FL 32903
See Press Releases on Website
www.thomasfshinelaw.com
FREE INITIAL CONSULTATIONS
NO ATTORNEYS FEES IF NO RECOVERY*
The hiring of an attorney is an important decision that
should not be based solely upon advertisements. Before you decide, ask me to send to you free written information
about my qualifications and experience.
*Clients are responsible for the initial filing fees associated with pursuing their claims. Clients are responsible for
additional fees and expenses only if clients are successful in obtaining a recovery.
Conclusion
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Sat isfy your thirst for knowledge.
T akerefresher.a
Ethics: Protecting the Integrity of Florida CPAs
Soak up some fresh ethics.
R egister for a course today!
andEthics for Governmental CPAs in Florida
26 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
By Lawrence S. Burke, CPA
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Relevant CPE
Great Location
Keynote
The 2009 FABexpo: Create Your Own Playlist
Vendor Showcase
Educational Foundation
Register Today and Save
"is year’s FABexpo returns to the glorious Gaylord Palms Resort and Convention Center in Orlando. "e resort’s signature glass dome pays tribute to the Florida experience. (courtesy Gaylord Palms™ Resort and Convention Center)
By Wendy Johnson, FICPA CPE Conference Manager
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DISCUSSION LEADER OF THE YEAR
2008 Outstanding Discussion Leaders
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By Brenda Hubbard, FICPA Director of Leadership Development & Initiatives
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Tampa Bay Business Journal’s
34 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
not
By H. French Brown IV, Florida Department of Revenue
must
should
not
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WEEKCHILDREN’S
LITERACYFINANCIAL
FICPA Leadership Development & Initiatives Assistant
Vicky Wade, left, shares information about financial
literacy with visitors.
"e FICPA’s table o!ered information for children and adults alike.
"e Feed-the-Pig beanbag toss was a popular activity.
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TRANSITIONSBoca Raton
Michelle BlackstockRacquel McIntosh
Ft. LauderdaleShari Mello
Tim J. Monzillo
Ft. Lauderdale Steve Picha
OrlandoDavid Lee
OrlandoClay Worden
Palm HarborTracy L. Jardine, CPA, LLC
St. PetersburgRobert L. Ingham
St. PetersburgColin Bock
Stuart Hill, Barth & King, LLC
Tampa Pender, Newkirk & Company
West Palm Beach James “Jimmy”
Joinson
Winter ParkLena Combs Kathy Ennis
Adriene Pierce
WHO’S NEWSSandi Breitenstein
Augustine Enofe
Fiona Hayward
Harvey P. Muskat
Stephen C. Riggs, III
Richard R. Shavell
Emery Sheer
Matt Shell
William “Bill” Thomas William “Bill” Pace
Randall Wilson
For more member news, visit CPAs in the Spotlight www.ficpa.org/members/spotlight.
The space for “Who’s News,” “Transitions” and other announcements published on this page is limited to news focusing on promotions and new hires for members of the FICPA, speeches by members at professional conferences, and other firm news such as recognition of business achievements. We do not publish FICPA committee appointments as a part of this feature because of space limitations. Submissions for On the Move can be e-mailed to [email protected].
40 | FLORIDA CPA TODAY | May/June 2009 www.ficpa.org
The Florida Institute of Certified Public Accountants welcomed 116 new members during February and March 2009.
Boca Raton
Boynton Beach
Palm BayVero Beach
Boca RatonCoral SpringsFort Lauderdale
Hollywood
MiamiMiramarSunriseTamarac
BrandonClermont
KissimmeeLake MaryOrlando
Windermere
Winter Park
DestinPanama City Beach
North Miami Beach
Sarasota
BaldwinFernandina Beach
Jacksonville
Jacksonville Beach
MiddleburgSt. Augustine
Biscayne ParkDoralMiami
MiamiMiami Beach
Gainesville
BrooksvilleHudsonLand O’ Lakes
Port RicheySpring Hill
Boynton BeachLake WorthPalm Beach Gardens
Palm SpringsRoyal Palm Beach
Vero Beach
BrandonPlant CityTampa
Miami
Cape CoralMiramar Lakes
Naples
St. Augustine
Clearwater
Safety HarborSt. Petersburg
Tampa
Tallahassee
Daytona Beach
BrandonDoverLutzPhoenixTampa
TrinityWesley Chapel
Pensacola
Katonah, N.Y.Manchester, N.H.Pittsburgh, Penn.Pt. Pleasant Beach, N.J.
S. Holland, Ill.
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POSITIONS AVAILABLE
OFFICE SPACE
PRACTICES WANTED FOR PURCHASE OR MERGER
FOR SALE
MISCELLANEOUS
To access Marketplace online, visitwww.ficpa.org/ficpa/ResourceCenter/Classifieds.
RATES AND FEES:Members - $95 for 35 word minimum; $2.70 per word over 35 words. Nonmembers - $105 for 35 word minimum; $3.00 per word over 35 words. Advance payment is required. Bolding and logos are permissible for an additional fee.
CATEGORIES:Content subject to approval and categories available are: (1) Positions Available, (2) Practices Wanted for Purchase or Merger, (3) Miscellaneous, (4) Office Space, (5) For Sale.
COPY DUE:Issue DeadlineJuly-August May 25September-October July 25November-December September 25January-February November 25March-April January 25May-June March 25
All requests are subject to space availability. Ads run concurrently on Florida CPA Netlink™.
SUBMISSION OF ADS:E-mail ads to [email protected]. For more information, contact the FICPA Communications Department at (800) 342-3197 (within Florida) or (850) 224-2727, Ext. 385.
FILE NO. REPLIES:If anonymity is desired, responses can be mailed to the FICPA offices using a file number. The responses will be forwarded to the address provided by the advertiser.
For complete classifieds policies, visit www.ficpa.org/ficpa/ResourceCenter/Classifieds.
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NewsFlash
FICPA NewsFlash
March 19, 2009
April 2, 2009
NewsFlash
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10.9.8. 7.
6.
5.4.3.2.1.
10.9.8. 7.
6.
5.4.3.2.1.
April 23, 2009
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Florida Institute of Certified Public AccountantsP.O. Box 5437Tallahassee, FL 32314-5437
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