October 2, 2007

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>  ATTENTION:  CPA FIRMS!
Beginning In 2008, All Firms Who Provide Attest
Services Must Be Enrolled In Peer Review

Are you aware that Missouri Accountancy Law requires that firms that provide attest, review, or compilation services must be enrolled in an approved peer review program? 

While the requirement has been in effect for those providing three or more attest services since 2004, the law will soon require any firm that provides even one of these services to be enrolled in an approved practice-monitoring or peer review program to ensure firm licensure.  The law specifically states that within 90 days after entering into an engagement, a firm must enroll in the program.

 

To view the specific language related to peer review in the Missouri Accountancy Act, go to:  http://www.sos.mo.gov/adrules/csr/current/20csr/20c2010-5.pdf

 

For more information about Missouri’s peer review program, go to:  http://www.mocpa.org/Content/22292.aspx

 

To enroll your firm, please complete the enrollment form:  http://www.mocpa.org/content/files/documents/07enrollment.doc

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>  FIVE WEEKS LEFT Until the Next Small Firm
Networking Roundtable!

Join us Friday, November 9 in Springfield, MO for the next MSCPA Small Firm Networking Roundtable!  Nearly 100 small firm practitioners from across the state have gathered at the first three roundtables to discuss pressing issues like staffing, collaboration among firms, technology, and work-life balance.

 

REGISTER NOW for the upcoming Small Firm Networking Roundtables!

 

Friday, November 9, 2007 in Springfield, MO

Friday, January 11, 2008 in St. Louis, MO

Wednesday, May 7, 2008 in Kansas City, MO

 

SPECIAL DEAL! Register for all three roundtables for only $200!!  For more information, call Holly Moriarity at 800.264.7966.

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>  NEW Online Forum for CPAs in Public Practice!

The MSCPA is proud to announce the launch of a new message board for CPAs in public practice!  This online forum provides an opportunity for members to ask questions, glean insight and share best practices across firms.

 

Discuss the issues that impact your work, such as:

  • Recruiting and retaining quality staff members
  • Finding a satisfying work-life balance
  • Bridging the generation gap in your firm

 

To explore the MSCPA message boards, click here. Log in using your last name as your username and member number as your password.  Then click on the Public Practice Forum.

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>  The Best Places To Launch A Career:  Accounting Firms Have Raced To The Head Of The Pack
This year accountants became sexy. Accounting firms dominated BusinessWeek's second annual ranking of the best companies for new college graduates.
http://www.businessweek.com/careers/content/sep2007/ca20070913_595536.htm

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>  Double-Digit Growth for Accounting Firms on CCH List
Growth has tailed off somewhat for the majority of accounting firms on the Public Accounting Report 2007 Top 100, published by CCH. But the group's revenue growth rates remain in double digits, with 2006 and 2007 registering the first back-to-back years of double-digit growth since 2000 and 2001.

http://accounting.smartpros.com/x59159.xml

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>  IRS Issues Redesigned Allowable Living Expense Standards

Allowable living expense standards, also known as collection financial standards, are used to determine the ability of a taxpayer to pay a delinquent tax liability. For purposes of federal tax administration the standards are effective Oct. 1, 2007.
http://www.irs.gov/newsroom/article/0,,id=174516,00.html

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>  Missouri Practitioner Liaison Meetings, Phone Forums
and Seminars

Missouri tax practitioners are encouraged to register for Missouri events.  These events include phone forums held at multiple times to accommodate practitioners nationwide.
http://www.irs.gov/businesses/small/article/0,,id=127804,00.html

 

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Technology & Productivity Weekly is a membership benefit and is
intended for your personal use only.

This Week's Headlines

Speed Up Your Remote Connections
Ingredients for a Successful VoIP Deployment
Looking for a Better Way to Share Storage
A Smarter Way to Communicate
How to Buy Collaboration Tools
Do-It-Yourself Software
Airports Try Power Stations to Boost Travelers' Gadgets
Disaster-Plan Study Finds Firms Less Prepared Than They Think
Paperless Enables Solutions
Watch and Burn
Think Digital, Not Paperless
Are You Taking Email Seriously?  

 


CPE 2007

For CPAs in
Public Practice

All courses are 8 CPE hours unless otherwise noted.

 

Seminars:

 

Fraud & Embezzlement: Don't Be a Victim!
November 12, 2007—Kansas City

November 13, 2007—Springfield

 

Fiduciary Income Tax Returns--Form 1041 Workshop
November 12, 2007—St. Louis

 

General Ethics Review (3-5 p.m.)
November 12, 2007—Springfield

November 15, 2007—Columbia

 

Advanced Financial Planning Update

November 13, 2007—Kansas City

 

Advanced Form 1041 Practice Workshop
November 13, 2007—St. Louis

 

Accounting Services, Compilations & Reviews: Solving the Documentation Riddle
November 14, 2007—Kansas City

 

Small Business Retirement Plan Review: New Roth 401(k)s, Keoghs, Traditional 401(k)s, IRAs,SEPs, & SIMPLEs

November 14, 2007—St. Louis
 

Analytical Procedures for Small Business Engagements
November 15, 2007—Kansas City

 

Audit Workpapers, Forms & Checklists: Avoid the Documentation Trap
November 15, 2007—St. Louis

 

Advanced Update for Compilation, Review & Accounting Services
November 16, 2007—Cape Girardeau

 

Compilation & Review Engagement Essentials
November 16, 2007—Columbia

 

Current Ethical Issues for CPAs (8:30-10:30 a.m.)

November 16, 2007—St. Louis

 

Conferences:

Accounting & Auditing Conference
November 12, 2007—St. Louis

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LAST CHANCE CLASSES!
This is your last chance to attend these innovative courses

Surgent McCoy's Audit Workshop: Best Practices for Audits in Compliance with Government Auditing Standards & OMB Circular A-133
October 08, 2007—St. Louis

 

Surgent McCoy's Audit Workshop: Best Practices in Planning & Designing a High-Quality & Profitable Audit

October 09, 2007—St. Louis

 

IRS Practice & Procedure: Audits, Appeals, Assessment, Settlement, & Collection
October 09, 2007—Kansas City


Health Savings Accounts, Health Reimburse, Arrange, & Flexible Spend Flexible Spending Accounts
October 10, 2007—Kansas City

 

Not-for-Profit Accounting & Reporting -- From Start to Finish
October 11, 2007—St. Louis

 

Preparing Complex 1040s
October 11, 2007—Kansas City

 

Governmental Accounting & Reporting--Putting It All Together
October 12, 2007—Cape Girardeau

 

Tax Practice Ethics & Quality Control: The New Imperative
October 12, 2007—St. Louis

2007 Revised Yellow Book: Government Auditing Standards
October 15, 2007—St. Louis

 

Fraud in the Governmental & Not-for-Profit Environments: What a Steal!
October 15, 2007—Kansas City

 

Clever Cases on Current Complexities Confronting Governments & Not-for-Profits
October 15, 2007—Columbia

 

Solving Complex Single Audit Issues for Government and Nonprofit Organizations
October 16, 2007—St. Louis

 

Governmental & Nonprofit Annual Update

October 17, 2007—Columbia

Frequent Frauds Found in Governments and Not-For-Profits
October 18, 2007—Columbia

 

Increasing Your Marketing Success: How to Promote Your Firm & Services from Within

October 18, 2007—St. Louis

 

AICPA's Federal Tax Update
October 18, 2007—Springfield

 

Advising and Consulting to the Small Business

October 19, 2007—St. Louis

College Financial Planning at Any Income Level
October 19, 2007—Columbia

 

Tax Deferred Exchanges Under Section 1031
October 19, 2007—Kansas City

 

 

Don’t Miss Out!


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Technology Tip of the Week

Provided by the MSCPA Information Technology Committee

In Excel, Enter Text Without Changing The Underlying Cells
In Excel 2007

Excel cells are limited to 256 characters. However, the cell's size and ability to display its contents change with the size of its surrounding columns. Excel 2007's text boxes overcome these potential limitations.

 

To view recently archived issues of "Technology Tip of the Week," go to: http://www.mocpa.org/Content/22269.aspx


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Contact Us

For comments or questions, contact:
Dawn Martin - dmartin@mocpa.org
To view online:
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newsletters/2007/news091807.html

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Christy Aven -caven@mocpa.org

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