September 12, 2007

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> FULFILL YOUR ETHICS REQUIREMENT! It’s fast, simple, and inexpensive! Here’s your chance to purchase the self-study CD titled Missouri Ethics: Non-Attest Services, Integrity, and Objectivity. Missouri CPAs are required to take two hours of ethics CPE every year. This course will not only fulfill that requirement, but it will also provide you with lively training on emerging and important issues in professional ethics. Special MSCPA member price—only $65! http://www.mocpa.org/Content/22302.aspx _____________________________________________ > LAST CHANCE TO REGISTER FOR COMMITTEE DAY! Calling all MSCPA Committee Members! The next meeting for MSCPA Committees will be Friday, September 21 in Columbia. Register now to meet with your committee and develop programs that benefit your niche area. http://www.mocpa.org/Content/22388.aspx _____________________________________________ > LAST CHANCE! Sign up NOW for the September Industry Networking Roundtable! Join us at the next Industry Networking Roundtable on Friday, September 21 in Columbia! Take advantage of this opportunity to meet other CPAs in the industry sector, exchange ideas, and discuss the challenges you face daily. The event is FREE, and lunch is provided. Want more information on Industry Networking Roundtables? Ready to register? Go to http://www.mocpa.org/Content/22188.aspx or contact Holly Moriarity at 800.264.7966. _____________________________________________ > Free Interactive Infocasts! MSCPA is proud to offer a new benefit specifically for members in business and industry! These web-based events use case examples to illustrate and solve business challenges. In just over one hour, you can gain a greater understanding of today’s business issues, as well as the ability to implement real-time solutions. · Sept. 20: CIMA Strategic Scorecard shows you how to balance compliance and business performance responsibilities · Oct. 18: Financing and Accounting Outsourcing helps you avoid outsourcing pitfalls and provides a process for selecting and managing an outsourcing provider · Nov. 15: Managing Customer Value helps you understand and derive maximum value from your customers To learn more or to register, click here or contact Holly Moriarity at 800.264.7966! _____________________________________________ > Missouri State Board Of Accountancy Seeks Nominations For James T. Mudd Award The Missouri State Board of Accountancy is seeking nominations of candidates for the James T. Mudd award. This award is presented annually to a Missouri citizen who through legislation, education, or public service, demonstrated those qualities Mr. Mudd held while advancing the CPA profession. Formal presentation of this award will be held in January of 2008. http://www.pr.mo.gov/boards/accountancy/Nomination%20Form.pdf _____________________________________________ > IMPORTANT INFORMATION FOR MISSOURI CPAS! Missouri Health Insurance Portability and Accountability Act Last month, the Missouri Health Insurance Portability and Accountability Act was enacted by the state of Missouri. The law repealed various sections of the Missouri statute and created 49 new sections relating to health insurance. A major change is found in section 376.453.1 states that an employer that provides health insurance coverage for which any portion of the premium is payable by the employer cannot furnish the coverage unless the employer has established a premium-only cafeteria plan as permitted under section 125 of the Internal Revenue Code. The new law does not apply to employers who offer health insurance through any self-insured or self-funded group health plan of any type or description. The law is effective January 1, 2008. Employers who already have a section 125 plan in effect or do not have one and will have to do so because of the state law change should follow the rules in Prop Reg 1.125-1 for establishing cafeteria plans. http://www.house.mo.gov/bills071/bills/hb818.htm _____________________________________________ > CFOs Worried About Availability Of Future Finance Leaders And Talent There is a disconnect between where the finance office needs to go and the talent it will need to get there, according to a Deloitte Consulting LLP global survey, "The Finance Talent Challenge: How Leading CFOs are Taking Charge." The study, developed in cooperation with the Economist Intelligence Unit (EIU), discovered that a new breed of talent is needed to propel the finance function beyond traditional roles within a company and to a new level of strategic leadership. http://www.accountingweb.com _____________________________________________ > Train to Retain Women Employees Who 'Off-Ramp' Over their careers, 37 percent of professional women will "off-ramp" -- voluntarily leave their jobs early. While 93 percent of women who off-ramp will return to the workforce, just 5 percent will return to their previous employer. http://accounting.smartpros.com/x58985.xml _____________________________________________ > Deloitte Launches C-Suite Best Practices Periodical U.S. accounting firm Deloitte & Touche has launched a new periodical for corporate executives. Deloitte Review debuted this summer and will continue as a semi-annual periodical. It will serve as a reference point for corporate executives with articles on strategic trends and best practices, and commentary from business leaders. http://accounting.smartpros.com/x58934.xml _____________________________________________ > Increased Financial Hiring Expected In Fourth Quarter Financial executives polled for the Robert Half International Financial Hiring Index expect hiring in accounting and finance to accelerate during the fourth quarter of 2007. Nine percent of chief financial officers (CFOs) surveyed said they plan to add full-time employees and 3 percent expect staff reductions.  The net 6 percent increase is up three points from the third-quarter projection. http://www.roberthalffinance.com _________________________________________________________________ Sponsored By: Information, Inc. Information Inc.'s handcrafted business intelligence services provide up-to-the-minute information on critical issues. Decision-makers in more than 2,000 major corporations, associations and government agencies worldwide have relied on our comprehensive news services for the past 22 years. To learn how our timely, targeted, custom services can help you compete in the 21st century, go to: http://www.infoinc.com/s tatecpa/contact.html This Week's Headlines Five Reasons to Start a Small Business Blog Manipulating Sheets in Excel Managing Your Move Into Mobility Firms Often Slow to Respond When Online Data is Breached Networking Site Caters to Business Big File Transfers? Go Direct With IM and More Is A 'Voice Over IP' Phone System Right For You? Report: Google Apps Worth a Look by Small, Midsize Businesses Corporate E-Mail Comes to the iPhone VoIP Requires Strict Attention to Security Best Practices Paperless Done Right

CPE 2007 For CPAs in Business and Industry Seminars: Business Plans--The What & How of Business Success October 23, 2007—Kansas City AICPA's Annual Business Law Update October 23, 2007—St. Louis Advanced Planning for LLC & Partnership Transactions October 24, 2007—Columbia Financial Forecasting & Management Decisions October 24, 2007—Kansas City FASB/APB Update & Review October 25, 2007 - Friday, October 26, 2007—Kansas City Managing the Controllership Function in the Smaller Business November 02, 2007—Springfield The Top 50 Bloopers & Blunders & How to Fix Them: Individual Tax & Financial Planning October 25, 2007—Kansas City Comparing & Contrasting the Tax Aspects of S Corporations, Partnerships, C Corporations, Sole Proprietorships, & Limited Liability Companies October 26, 2007—St. Louis FASB/APB Update & Review October 29, 2007—St. Louis Surgent McCoy's Comprehensive Guide to Tax Depreciation, Amortization Amortization, & Property Transactions From Acquisition to Exchange or Disp. October 29, 2007—St. Louis Surgent McCoy's Advanced Critical Tax Issues for S Corporations October 30, 2007—Kansas City The Top 50 Business Tax Bloopers & Blunders & How to Fix Them October 31, 2007—St. Louis Sales & Use Tax: Guide to Doing it Right October 31, 2007—Kansas City Real World Business Ethics: How Will You React? October 22, 2007—Kansas City MSCPA Fall Tax Institute October 23, 2007—Cape Girardeau Real World Business Ethics: How Will You React? October 24, 2007—St. Louis MSCPA Fall Tax Institute October 30, 2007—Columbia Benchmarking Strategies--A Tool for Profit Improvement November 01, 2007—Springfield General Ethics Review (3-5 p.m.) November 02, 2007—Cape Girardeau Conferences: Sales & Use Tax Conference November 02, 2007—St. Louis ________________________________ LAST CHANCE CLASSES! This is your last chance to attend these innovative courses Construction Contractors Advanced Issues September 17, 2007—Kansas City Fair Value Accounting--A Critical New Skill for All CPAs September 17, 2007—St. Louis Construction Contractors Advanced Issues September 17, 2007—Kansas City AICPA's Annual Update for Controllers September 19, 2007—St. Louis AICPA's Annual Update for Controllers September 20, 2007—Kansas City Cost Allocation in Nonprofits - Who Gets it? September 24, 2007—St. Louis Construction Contractors: Special Tax & Accounting Considerations September 25, 2007—Kansas City Advanced Accounting & Auditing Problems for NPOs September 25, 2007—St. Louis Don’t Miss Out! ________________________________ Technology Tip of the Week Provided by the MSCPA Information Technology Committee In Excel, Make Formulas Easier To Read Long formulae can be difficult to read in the formula bar, but we can separate formulae over multiple lines to make them clearer. We can move any part of a formula onto a new line. Simply press F2 (to edit the formula), move to the point where you wish to start on a new line, and press Alt + Enter. More... To view recently archived issues of “Technology Tip of the Week,” go to: http://www.mocpa.org/techtips.html __________________________________ ______________________________ Contact Us For comments or questions, contact: Dawn Martin - dmartin@mocpa.org To view online: http://www.mocpa.org/Content/files/ newsletters/news082807bi.html For technical assistance, contact: Christy Aven -caven@mocpa.org To update your e-mail address: Please include your old e-mail address, new e-mail address and MSCPA member ID (if known) and send it to member@mocpa.org. Please note: This newsletter may contain commercial material. Missouri Society of CPAs 540 Maryville Centre Drive, Suite 200 St. Louis, MO 63141 © 2007  Missouri Society of Certified Public Accountants - All Rights Reserved