Tuesday, October 24, 2006

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>  THIS THURSDAY!
MSCPA Open House—October 26, 2006!

Check out the new office, take a tour of the new learning center, and network with your fellow CPAs during the MSCPA Open House. All members are welcome and encouraged to attend!

MSCPA Open House
540 Maryville Centre Drive, Suite 200
St. Louis, MO 63141
Thursday, October 26, 2006
4:00 – 7:00 p.m.  

>  New CPA Recognition Dinner Features Express Scripts CEO!
Register now for the St. Louis Chapter New CPA Dinner scheduled for Thursday, November 9, 2006 at the Living World in the St. Louis Zoo. Keynote speaker for the evening is George Paz, CEO of Express Scripts, a Fortune 500 company that is located here in St. Louis and has been honored as one of the fastest growing companies in the country! http://www.mocpa.org/sl_chapter.html#events
       

>  REGISTER NOW!
MSCPA Legislative and Keyperson Forum—November 15!

If you are interested in politics, you cannot afford to miss this legislative opportunity! As a grassroots advocate, here’s your opportunity to get prepared for the next legislative session. You are invited to attend the complimentary Legislative and Keyperson Forum on Wednesday, November 15, 2006, from 9:00 a.m. to 2:00 p.m. at Capitol Plaza Hotel in Jefferson City. The program was developed with the needs of keypersons and those who have an interest in the legislative process. To register, contact Karen Bauer at 800-264-7966 or
kbauer@mocpa.org.  
 

>  Surgent McCoy's 2006 Essential CPE Collection
This best-selling package is back! The 2006 edition features the most courses ever—all for the same low price! Now, you get 39 courses and more than 200 hours of CPE (including 5 NEW accounting courses and 4 NEW tax courses)—perfect for CPAs in both public accounting and industry. Choose from a wide variety of topics, credit hours, and levels of knowledge to meet all of your educational needs!
Only $199.95 for members only (plus $9.95 shipping)
http://www.mocpa.org/surgent.html
      

>  Survey Finds Time Management Growing Challenge For Executives
Despite technological advances designed to streamline workloads, CFOs still find balancing their schedules difficult, a new survey confirms. Nearly half (46 percent) of CFOs polled said time management is the greatest challenge for financial executives today, up from 36 percent five years ago. Keeping pace with technology ranked second, with 22 percent of the response, versus 27 percent in 2001.
 
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>  State’s Unemployment Rate Edged Down in September
Missouri’s unemployment rate edged down to a seasonally adjusted rate of 5.0 percent in September. The rate had been 5.1 percent in August. The not-seasonally-adjusted rate also dipped by a tenth of a point, falling to 4.8 percent in September. Both rates are a tenth of a point lower than the corresponding figures for September 2005.
http://www.ded.mo.gov/cgi-bin/dispress.pl?txtpressid=1782
     

>  GASB Invites Public Comment on Accounting Issues Related to Fund Balance Reporting and Governmental Fund Type Definitions
An invitation to comment (ITC) was issued last week and GASB is seeking constituent comments and perspectives on issues currently being addressed in the board’s project on fund balance reporting and governmental fund type definitions.
http://www.gasb.org/news/nr102006.html
   

>  IRS Formalizes Appeals Arbitration Process
The IRS announced last week that the appeals arbitration process is no longer a pilot program but part of business as usual at the IRS. In arbitration, the IRS and the taxpayer agree to have a third party make a decision about a factual issue that will be binding on both of them. http://www.irs.gov/newsroom/article/0,,id=163620,00.html
   

>  IRS Announces Pension Plan Limitations for 2007
The Internal Revenue Service today announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2007.
http://www.irs.gov/newsroom/article/0,,id=163616,00.html
   

>  PCAOB Issues Guidance on Auditing the Fair Value of Share Options Granted to Employees
The PCAOB issued staff questions and answers about auditing the fair value of share options granted to employees. http://www.pcaobus.org/News_and_Events/News/2006/10-17.aspx
             
     

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CPE 2006

Please note: All courses listed are 8 CPE hours unless otherwise noted.

Seminars:

FASB/APB Update & Review
December 4-5, 2006—Kansas City, MO

Auditing Nonprofits—Tips & Traps
December 4, 2006—St. Louis, MO

Advanced Auditing of HUD-Assisted Projects
December 5, 2006—St. Louis, MO

Selected Critical Issues for the Estate Planner
December 5, 2006—St. Louis, MO 

Fall Tax Institute
December 5-6, 2006—Springfield, MO 
16 hours of CPE

Annual Tax Update (Live Telecast)
December 6, 2006
Cape Girardeau, MO
Jefferson City, MO
Kansas City, MO
St. Louis Community College-Meramac—St. Louis, MO
Maryville University—St. Louis, MO
University of Missouri-St. Louis—St. Louis, MO
Springfield, MO 

Purchase and Sale of Closely Held Businesses—Advanced Real World Tax Strategies
December 6, 2006—Kansas City, MO

Fiduciary Income Tax Returns—Form 1041 Workshop
December 6, 2006—St. Louis, MO

Missouri Sales & Use Tax Update
December 6, 2006—Columbia, MO

Section 199: Benefiting from the Production Activities Deduction
December 7, 2006—Kansas City, MO

Practitioners’ Tax Alert
December 7, 2006—Columbia, MO

Surgent McCoy’s Audit Workshop: Best Practices for Audits in Compliance with Government Auditing Standards & OMB Circular A-133
December 7, 2006—St. Louis, MO

Tax Planning & Compliance for Closely-Held Businesses & Their Owners
December 8, 2006—Kansas City, MO

Surgent McCoy’s Audit Workshop: Best Practices in Planning & Designing a High-Quality & Profitable Audit
December 8, 2006—St. Louis, MO

Conferences:

Accounting & Auditing Conference
October 27, 2006 - St. Louis, MO
Registration
Agenda

 

Technology Tip of the Week

Provided by the MSCPA Information Technology Committee

In Excel, Create an Excel chart that automatically updates with new data
If you add a row or two of data to your spreadsheet, you can easily update the Excel chart pertaining to that data by changing the chart's data range. However, if you find yourself continually changing the data range, you may want to set up the chart so that it automatically updates as new data is added.   

More...


To view recently archived issues of “Technology Tip of the Week,” go to: http://www.mocpa.org/techtips.html


MSCPA Chapters

Get acquainted with your local area!

Kansas City:
http://www.mocpa.org/kc_chapter.html
Central:
http://www.mocpa.org/cn_chapter.html
Northwest:
http://www.mocpa.org/nw_chapter.html
St. Louis:
http://www.mocpa.org/sl_chapter.html
Southeast:
http://www.mocpa.org/se_chapter.html
Southwest:
http://www.mocpa.org/sw_chapter.html

Contact Us

For comments or questions, contact:
Dawn Martin - dmartin@mocpa.org
To view on Web:
www.mocpa.org/news_102406.html
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Christy Aven -caven@mocpa.org
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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

© 2006 Missouri Society of Certified Public Accountants - All Rights Reserved