iowa cpa - february 2016

Iowa Society of CPAs... Advancing the professional success of our members

February 2016

Newsletter from the Iowa Society of CPAs, your primary source for profession-related information

CPAIt’s all about the coupling bill

Iowa legislators in the Republican-majority House and Democratic-controlled Senate gaveled in Jan. 11, positioning for a budget battle on education funding. Additional issues this session are gun laws,

water quality projects, funding for Planned Parenthood, renewable chemical manufacturing tax breaks and the shifting management of the state’s Medicaid program to private health care companies. With law-makers agreeing that the state has little money for new programs, Re-publicans intend to stick to their budget principles and Democrats say it’s too early to be drawing lines in the sand on state spending decisions. Both parties agree that it could be a tough year.

Advocacy affecting Iowa CPAsWhat’s top of mind for many CPAs? The conformity bill (coupling bill) update, which the House filed Jan. 20, coupling with everything in 2015 except bonus depreciation. The bill does not couple at all after 2015, with the idea that the Legislature can discuss tax years 2016 and beyond next year. On. Jan. 25, the bill passed the full Ways and Means Com-mittee with only one “no” vote. As this publication went to press, it was anticipated that the bill could be debated by the full House as soon as Jan. 27, but that decision is up to House Majority Leader Chris Hagenow (R-Windsor Heights).

Grassroots worksFor anyone wondering if professional associations are of value, the an-swer is: YES. At first glance when the session convened, the conformity bill was not going to couple with anything. The ISCPA and its key person delegation went to work with talking points, emails and phone calls that impacted lawmakers to move on this bill. “Grassroots works,” said Cindy Adams, ISCPA CEO. “The efforts made by our staff, lobbyist, key per-sons and members so far has been instrumental in this process. Thanks to you, our profession is being heard.”

The ISCPA will continue to monitor tax legislation and other types of legislation that may involve Iowa CPAs to make the work you do less complicated. Take a look at the full list of advocacy areas being monitored on your behalf in 2016 at www.iacpa.org/advocate/stay-informed.

We look forward to a successful year working on behalf of you, the pro-fession and your business. If you have any questions or comments about legislative or regulatory issues affecting you, contact CEO Cindy Adams at [email protected] or 515-223-8161/800-659-6375.

Be informedWatch your email for Take 5, a mem-bers-only briefing on legislative and regulatory issues of interest to accounting profession-als.

Keeping you informedTrack “Bills to Watch” at www.iacpa.org and stay current on legislation that the Society and our lobbyists are monitoring on your behalf.

Be protectedYour contribution to the Iowa CPA Political Action Commit-tee (ICPA/PAC) strengthens our voice as an industry, and helps us to protect your profession and support political candidates who will promote pro-CPA legislation.

Log on to the members portion of our website and visit www.iacpa.org/advocate/contribute.

Be involvedDirectly impact the future of your profession by volunteering for the Key Person Program. This program ensures that our agenda is communicated, and the CPA profession in Iowa is recognized as a strong political force.

2 | Iowa CPA | February 2016 www.iacpa.org

Issue No. 2016-02

Published eleven times per year by the Iowa Society of Certified Public Accountants (ISCPA). Send address changes, advertising in-quiries and all correspondence to:

1415 28th St., Ste. 450West Des Moines, IA 50266-1419

Email: [email protected]: www.iacpa.orgor, contact the ISCPA office:515-223-8161/800-659-6375

Cover photo by Jim Heemstra: Iowa State Capitol, Des Moines

Iowa CPA Chris Yuska weighs in: What you need to knowThe FASB’s targeted amendments to the guidance on classifying and measuring financial instruments will be a change for entities that currently record cer-tain equity investments as available for sale. The new

guidance requires entities to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize those changes in fair value in net income unless the investments qualify for the new practicability exception within the new guidance. This guidance could also impact entities’ disclosures and certain liabilities measured under the fair value option.

This guidance will be effective for calendar year public business enti-ties beginning in 2018, and in 2019 for all other calendar year entities. Given the potential impact of these changes, the accountants in industry should be discussing the impacts to the financial state-ments with senior management, while public accountants should be discussing the impacts with clients.

Chris Yuska is a CPA and partner, assurance services, at EY LLP in Des Moines. He has been an ISCPA member since 2006.

New standard tackles financial instruments

The Financial Accounting Standards Board recently issued a standard that makes targeted changes to existing GAAP for the classification and measurement of financial instruments. To learn

more, visit http://goo.gl/WmpOlr.

Sign up by March 31!Do you feel like you are truly engaged in your profession? Ever considered trying an ISCPA committee, task force or other way to be involved with projects and initiatives happening at ISCPA? You might be surprised at what you will find. Time commitment is minimal, but the personal and professional returns to you are significant.

Visit www.iacpa.org/membership/volunteer to learn about options available to you, what’s involved and time commitment estimates. You can also view the members who serve on current committees and task forces.

Ready to volunteer? Sign up at www.surveymonkey.com/r/ISCPA_Comm_Vol by March 31.

Please encourage your co-workers and fellow CPAs to volunteer and engage in advancing our profession!

NOTE: Volunteer term is May 1, 2016 to April 30, 2017. You will receive information about your commit-tee, task force or other role in April or May 2016. If you currently serve on a committee or task force and wish to stay on it, please let us know by completing the survey.

D&I survey

ISCPA’s Diversity and Inclusion (D&I) Task Force was formed in 2015 to address diversity

and inclusion initiatives for the profession. Please help provide the task force with insight into the attitudes, culture and face of D&I in our profession today by completing a short five minute survey at www.surveymonkey.com/r/diversity16. Thank you!

http://www.iacpa.org

http://www.iacpa.org

www.iacpa.org Iowa CPA | February 2016 | 3

thanks!

2015 Iowa CPA Political Action Committee (ICPA/PAC) contributors

ICPA/PAC contributions support political candidates for statewide office whose viewpoints and beliefs are consistent with our own, and have an appreciation for the critical role CPAs play in the growth and development of your communities and businesses statewide. Whether you’re a new contributor or an an-

nual supporter, THANK YOU.

Eric J. Anderson Joel C. Anderson Martin O. Baddeloo Kimberly K. Bakey Kevin L. Ballard Christopher E. Banse Brian D. Bast Anita M. Becker Cheryl A. Becker John M. Blanchard Jake A. Borchert Douglas E. Born Joseph A. Bouska Dennis E. Bower Gerald M. Brown Mark D. Brown Larry L. Busse James B. Buxton Kevin J. Cain Paul G. Cain Gary L. Carlson Kimberly K. Ceilley Francis E. Clark Jocelyn M. M. Clark Elaine W. Coonley Matthew C. Corwin Chad A. Cramer Michael J. Crapp Steven P. Dais Jessica Davies Marvin W. Debner Thomas A. Dole Sara J. Dosen David Droessler Willeen F. Engelken Mary S. Engelkes David A. Farnsworth Kent A. Farver Fred L. Fischer Alan F. Fletcher Scott Flood Rodney D. Foster Marty J. Fredericks Ronald J. Fuhrman Kevin O. Garrett Robert J. George Keith C. Germann

David A. Ginther John J. Gonner Jo Ann Good Tyler D. Goode Elaine C. Gotto Alma L. Graham John S. Grochala Mark P. Grubb David O. Halse Randall A. Hamilton David L. Hannasch Bradley L. Hauge Cynthia L. Heemstra Linda K. Herman Laura K. Hilby Richard L. Hill Ronald L. Hintz Lisa A. Hoyt Dawn A. Humburg Julie A. Hupp Todd C. Ihlenfeldt Craig A. Ingamells Paul J. Jennings Bruce D. Jensen Jeffrey J. Johannesen Charles A. Jones Roger C. Jones Douglas O. Jordan Russell G. Jordan Douglas B. Kell Mark A. Kendall Mark G. Kilian Chris J. Kofoed Geri A. Kohlhaas Kurt J. Konek Joseph B. Kristan Robert J. Kroese Mark D. Kyhnn Steven D. Landauer Lance C. Leslie David N. Lester Jeffrey R. Lewis David R. Little Telford A. Lodden Julie A. Long Julie J. Lyon Stephen V. Marlow

Dawn Dixon Marquard Cheryl D. Mather John M. Matovina Steven J. McCann Mark A. McKee Michael A. Meinders Stephanie A. Mendenhall Bradley R. Mihm Kenneth L. Miller Jerry L. Murphy William E. Murray Nicholas D. Nauman Christopher J. Nelson Scott R. Nelson Rob Newland Lee H. Nicholas Laura R. Nilius Christopher D. Norvell Ellen J. Nystrom Charles W. Orr Andrew Oswalt Robert A. Parkins Samuel J. Payne Jennifer E. Penning Thomas J. Pflanz John D. Pittman Rodney D. Porter James G. Pratt Dean R. Price Michael H. Prosser Janet M. Quick Angela K. Reed Michael Reeves Daniel R. Reinders Howard J. Reinsch Michael J. Riniker Lynne S. Runchey Everett N. Sather Patrice M. Sayre Steven R. Schoenauer Neil W. Schraeder Robert E. Schroeder Carol A. Schuster Robert J. Scigliano John M. Sears Aaron See Bryan M. Segerstrom

Donald J. Seibel Robert C. Sheetz John M. Short Dennis R. Shull S. James Smith Julie L. Spencer Cynthia T. Stark Jeffrey A. Steggerda Heather K. Stumpf Kim M. Supercynski Brian J. Sweeney Allen R. Taylor Jana D. Teachout Kenneth P. Tegels Joshua J. Teut Michael E. Theobald Tom R. Thompson Thomas N. Thuesen Kirk L. Tibbetts Donald C. Timmins Terrance M. Toale Louise A. Treanor Peggy R. Trevino Jeffrey P. Triplett Marty J. Tunning Jeremy D. Uhl Charlotte M. Upah Jeffrey C. Van Maanen K. Dwayne Vande Krol Criss D. Vandehaar David A. Vaudt Paul R. Vial Mark D. Wackerbarth W. Allen Wallace Paul Wampler Jamie L. Ward Samuel M. Warner JrBruce P. Webb Laura K. West Robert W. Williams Marshall W. Wilson JrMichael J. Wiskirchen Paul A. Zachar Jeffrey L. Zaputil

Learn more about ICPA/PAC at www.iacpa.org/advocate/contribute.


In Balance: Easy outs vs. easy fixesBy Melissa Fors, Family and Workplace Issues Committee

Editor’s note: In Balance is a se-ries from Iowa CPAs featuring a variety of topics to improve your work/life well-being.

A busy season is always a hectic time, but in today’s world it isn’t just a season.

We seem to find ourselves run-ning from here to there and back again each and every day. It’s easy to tell ourselves we are going to eat healthier and exercise regu-larly, but most of us struggle with these resolutions when life gets in the way. Here’s a few easy outs you may be tempted to take along the way, and some easy fixes that can make a big difference.

Easy out: Run to the vending ma-chine, coffee shop, or fast food restaurant to grab lunch or an afternoon pick-me-up.

Easy fix: Purchase healthy op-tions such as nuts, veggie sticks or cheese sticks and prepackage for the week. Snacks with protein help keep you full longer. Hard boiling a dozen eggs can make a quick and easy on the go breakfast, the base for an egg salad sandwich, or top-ping for a salad. Craving sweets? Have some fruit, yogurt, or trail mix on hand as well. Looking to go even easier? Check out www.graze.com, a snack subscription service with over 100 healthy op-tions that can be delivered to your home or office.

Easy out: Frozen pizza, drive-thru, or PB&J sandwich after a long day

Easy fix: Take an hour each week to make a meal plan and buy your groceries. Utilize the crock-pot to cook a pork roast for easy pulled pork sandwiches, chicken for fajitas, or ground beef for sloppy joes. Steam some veg-etables when you get home and you have a well-rounded, much healthier meal than a drive-thru can provide. You may have extra to reheat for lunch the next day or freeze for another meal. Look-ing to go low carb? Put an entire spaghetti squash in the crockpot in the morning and after work, use the contents in any recipe as a pasta replacement.

Easy out: I have a gym member-ship; I just can’t find the time to work out.

Easy fix: Look into purchasing a balance board or balance chair to work your core throughout the day. They may cost up front, but that gym membership can drain dollars, especially if it goes un-used. Even a simple change such as standing at your desk (for those that have the option) burns far more calories than sedentary sit-ting. No workout clothes required!

Easy out: Grab your spare change and head to the vending machine for a thirst quenching soda.

Easy fix: Drink more water! On the drive to work, have a bottle of water. Heading to a meet-ing? Grab water along with your laptop and notebook. One of the keys to drinking more water is habit and learning how and when you consume. Personally, I forget to drink enough water through-out the day. I recognize this and drink at least a liter of water during my morning commute to the office each day. It sets me up for the day in terms of hydration, fills me up so I’m not grabbing a mid-morning carb loaded snack, and it’s much cheaper than that drive-thru coffee drink.

Although these ideas may seem overly simplistic (even though they do require some planning up front), they are attainable and not as intimidating as big resolutions we make — and so easily break by mid-January. By making small changes in our daily nutrition, we can make major improvements in our health.

Melissa Fors is a CPA and finance manager with Du-Pont Pioneer in Johnston. She has been an ISCPA member since 2008.

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Job: Audit and assurance leader, Community CPA & Associates Inc, Des Moines

ISCPA member since: 2015

Alma mater: CCAST Bambili, Cameroon, Africa; Ma-harishi University of Management, Fairfield

Hometown: Cameroon, Africa

First job: Indigenous farming with my parents

Passed CPA exam: 2014

Professional/community activities: ISCPA Diversity and Inclusion Task Force, Iowa Entrepreneur Sum-mit, Edu-Outreach, African Community in Iowa, Cameroonians in Iowa

I was inspired to be a CPA because: As a student leader in my university in Cameroon, I was intro-duced to people at firms and companies who told us about the competitive starting incomes and many travels. Amazing! I didn’t need to hear more than that to decide that’s what I wanted to do

Favorite thing about my job: Diversity of my cowork-ers, dealing with an extensive array of clients and helping them with accounting and business issues

If I weren’t a CPA, you might find me: Running an educational nonprofit

When I have free time I prefer to: Watch soccer and read the Bible

Favorite food: Cameroon delicacies corn fufu and njama njama

Favorite vacation spot: Cameroon

My hero is: Kiriku, an African cartoon character

What I wanted to be as a kid when I grew up: A divisional officer

In high school I was: Goody two-shoes, shy, leader

I am passionate about: Africa, and thinking about how to change the story of Africa, especially after having worked at a high level in 32 African countries

Someone you miss: My wife, when she works nights at her job as a nurse

Favorite quote: “Better is not good enough, the best is yet to come.” Prophet T.B. Joshua

member spotlightCharles C. Njoya

Johnston

Charles Njoya has worked in 39 countries, lived in sev-en, speaks fluent French, and enjoyed a 15 year career with PwC traveling the world. So how does a boy who grew up in Africa end up being a CPA in Iowa?

At age 9, Charles was sent to live with an uncle, a diplomat with the United Nations. It was a time of difficulty for his parents and they weren’t able to care for him. He didn’t see them again until he was 19. He didn’t attend college after high school, partly due to lack of a proper university offering social sciences in Cameroon. Following successive riots in the lone Uni-versity in Cameroon, the government created other universities, such as The University of Buea, to ease tensions. At 23, Charles enrolled to study accounting. He set about arranging 72 internships as a student leader and was offered two: Coopers & Lybrand and Price Waterhouse. He wanted both, but chose Coo-pers & Lybrand and was hired after three months. He got his wish when the firms merged in 1998 to form PricewaterhouseCoopers, known as PwC today.

In 2000, PwC sent Charles to train on upstream oil and gas activity. At 29, he transferred to the UK and two years later, moved back to Africa as manager of an oil and gas team mainly covering the Gulf of Guinea. He was promoted to director in 2006 and got married. During this time, work took him to Houston. That’s when he and his wife knew they wanted to call America home. In 2011, they achieved their dream by moving to Washington D.C. He embarked on an MBA and took the CPA exam at age 41. “This was a huge achievement for me,” said Charles. “I always knew there was something about being a CPA.”

PwC came calling and Charles landed in Des Moines 17 months ago where he met Community CPA CEO Ying Sa. They stayed in touch while he was with PwC and she convinced him to come work for her last Oc-tober. “I am an example of opportunity,” said Charles. “Ying recognized I had something she needed, and I saw a landmark opportunity in Community CPA and Ying.” The biggest challenge of living in Iowa for the Njoya’s family? The cold! The best part? “People here are nice and always willing to help. You want that wherever you live, and to feel safe.”

Charles and his wife Yolande reside in Johnston with daughters Charlanda (9), Victoria (7) and son Nathan (5).


Erik [email protected]

Sarah Assman [email protected]

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Where are they now

Catching up with 2015 foundation scholarship recipients

Iscpa recently caught up with Jessica Flahive and Alli Berk-ley, the first students to re-

ceive a scholarship from the Iowa CPA Education Foundation since its launch in 2014.

Jessica FlahiveUniversity of Northern Iowa

What’s happening these daysI’m in the process

of completing my Master of Ac-counting degree at the University of Northern Iowa, which I will graduate with in May 2016.

Plans for taking the CPA examI’m currently enrolled in CPA review courses at UNI. I’ll begin taking sections of the CPA exam

beginning in February, and plan to take the last section in early May.

How did this scholarship impact youIt’s been extremely helpful in sup-porting my educational goals. I’m very thankful for this scholarship while I’m taking the final steps in my education.

What are your future goalsFollowing graduation, I will begin work as a tax associate at TD&T CPAs and Advisors in Pella. I was an intern there and found the firm to be a great fit for me. I plan to carry forward my educational success into my future career as a CPA.

Alli BerkleyUniversity of Dubuque

What’s happening these daysI’m a senior at the

University of Dubuque and will graduate in May with a triple major in accounting, business and human resources. I accepted a position at RSM LLP in Iowa City as an audit associate and begin work in October.

Plans for taking the CPA exam:I plan on utilizing the Becker review course to help me study and will begin that process after I graduate in May.

How did this scholarship impact youThis scholarship was unbelievably helpful to me and I am so thank-ful to have been one of the lucky recipients. I was very excited to put the money toward funding my education.

What are your future goalsI am looking forward to tackling the CPA exam and begin my career as an accountant. I know it will be a challenging and reward-ing career, and I can’t wait to see where it will take me.

Being a wall flower is a good thingWell, not exactly a wall flower, but Iowa CPA Education Foundation donors will receive a founda-tion leaf on the donor wall at the ISCPA office when you contribute at the root level or higher. See donor recognition levels on pg. 7. Learn more at www.iacpa.org/about/education-foundation. And remember, ANY amount you contribute goes toward helping individuals become CPAs.


Donor Recognition

Crown$50,000

over five years

• Name and present a scholarship • Name of firm, company or individual featured on wall of honor at ISCPA office • Foundation press release announcing gift• Firm, company or individual feature article (one) in Iowa CPA newsletter• Identified as crown donor in annual Iowa CPA newsletter foundation feature• Identified as crown donor on foundation page of ISCPA website• Donor plaque of recognition to display at your office or home

Trunk$25,000 to $49,999

over five years

• Name of firm, company or individual featured on wall of honor at ISCPA office • Foundation press release announcing gift • Firm, company or individual feature article (one) in Iowa CPA newsletter• Identified as trunk donor in annual Iowa CPA newsletter foundation feature• Identified as trunk donor on foundation page of ISCPA website• Donor plaque of recognition to display at your office or home

Branch$15,000 to $24,999

over five years

• Name of firm, company or individual featured on wall of honor at ISCPA office • Foundation press release announcing gift • Identified as branch donor in annual Iowa CPA newsletter foundation feature• Identified as branch donor on foundation page of ISCPA website• Donor plaque of recognition to display at your office or home

Stem$5,000 to $14,999

over five years

• Name of firm, company or individual featured on wall of honor at ISCPA office • Foundation press release announcing gift • Identified as stem donor in annual Iowa CPA newsletter foundation feature• Identified as stem donor on foundation page of ISCPA website

Root$1,000 to $4,999

• Name of firm, company or individual featured on wall of honor at ISCPA office• Identified as root donor in annual Iowa CPA newsletter foundation feature• Identified as root donor on foundation page of ISCPA website

Seed$500 to $999

• Identified as seed donor in annual Iowa CPA newsletter foundation feature

Soil$250 to $499

• Identified as soil donor in annual Iowa CPA newsletter foundation feature

Under $250 • Identified as donor in annual Iowa CPA newsletter foundation feature

It’s not just about helping individuals to become CPAs.It’s planting the seed for your profession’s future.


Planting the seed for tomorrow’s CPAs

The Iowa CPA Education Foundation thanks these generous donors for their annual contribution or pledge. You make a tremendous impact on the lives of future CPAs with your financial support. For more information on how you can help individuals to become CPAs, visit www.iacpa.org/about/

education-foundation. Donation period is Jan. 1, 2015 - Jan. 6, 2016.

Branch($15,000 to $24,999 over 5 years)McGowen Hurst Clark &

Smith PC West Des Moines

Stem($5,000 to $14,999 over 5 years)John D. DeVries

West Des MoinesDaryl K. Henze

UrbandaleKPMG LLP

Des MoinesMichael D. Stallman

WalfordHenry B. Tippie

Austin, TX

Root($1,000 to $4,999)Michael F. Cooney III

West Des MoinesEY

Des MoinesHonkamp Krueger & Co

PC Dubuque

S. James Smith Winterset

Todd E. Thorson West Des Moines

Jamie L. Ward West Des Moines

Wells Fargo Foundation Des Moines

Williams & Company PC Le Mars

Seed($500 to $999)Cynthia S. Adams

West Des MoinesGary L. Carlson

Iowa CityCarney Alexander Marold

& Co LLP Waterloo

Kevin J. Den Adel Iowa City

Rodney D. Foster Clive

Kevin O. Garrett Atlantic

Stephen V. Marlow West Des Moines

Michael A. Meinders Waterloo

Van Maanen Sietstra Meyer and Nikkel PC Pella

Soil($250 to $499)Patricia J. Bell

JohnstonJoseph A. Bouska

Decorah, IAMichael J. Crowley

CliveMarty J. Fredericks

West Des MoinesRobert J. George

Iowa CityPaul D. Jacobsen

BooneDonald K. Kemp

UrbandaleLisa I. Kobernusz

Boone

LattaHarris LLP Tipton

Lee H. Nicholas Waterloo

Larry & Sue Pump Charles City

Tom R. Thompson Fairfield

Jeffrey P. Triplett Iowa City

Under $250Anonymous (1)Allison L. Appel

Webster CityDonald J. Brush

UrbandaleJames B. Buxton

Iowa CityJoseph C. Cate

West Des MoinesFrancis E. Clark

Council BluffsCourtney L. De Ronde

PellaAlan F. Fletcher

Cedar RapidsJody L. Galloway

West Des MoinesCharles J. Greteman

UrbandaleStephanie A. Gronau

UrbandaleMonica M. Haag

WaterlooBrian G. Hart

CliveRobert G. Jesse

CliveKonek PC

Prairie City

Steven D. Landauer LeClaire

Life Made Simple LLC Clive

Telford A. Lodden West Des Moines

Brian K. Newton Pleasant Hill

Kathy M. Nicholson West Des Moines

Jennifer Pavlovec Johnston

Pittman & Company LLP Urbandale

Michael H. Prosser Sioux City

Richard E. Rheinschmidt Cedar Rapids

Scott A. Samuelson West Des Moines

Everett N. Sather Ankeny

Kirk L. Tibbetts Urbandale

Phyllis M. Tinker Ankeny

John P. & Heidi H. Toale Arnolds Park

Peggy R. Trevino Fort Dodge

Bruce P. Webb Clive

Michael J. Wiskirchen Johnston

Donors will be recognized annually in the February edition of Iowa CPA. Donors who’ve committed to a five year pledge are recognized for the full amount of their pledge in the first year on the Iowa CPA Education Foundation donor wall and in Iowa CPA. Pledge installment amounts paid in the remaining years of the pledge will be recognized annually in Iowa CPA. Every attempt was made to acknowledge the donors who have given during this period. If you note a discrepancy, please contact us at 800-659-6375 or [email protected].


1-800-397-0249The Holmes Group

[email protected]

When it is time to transition out of your practice you want to do it right. We are the largest facilitator in North America for selling accounting and tax practices. We provide a free estimate of your firm’s value, market extensively, assist in negotiations and find you the right situation. Contact us today so your last decision will be your best.

YOUR LAST DECISIONIS THE BIGGEST.

Members in the newsHonkamp Krueger & Co PC, a CPA and business consulting firm based in Dubuque, has acquired the Davenport CPA firm Doyle & Keenan PC. Honkamp’s Davenport office will relocate to the 35th Street location occupied by the former Doyle & Keenan PC.

The following were named to The Des Moines Business Record’s 2016 Book of Lists as most influential business leaders in Central Iowa: Suku V. Radia, Bankers Trust Company, Des Moines; Steven E. Zumbach, Belin McCormick PC, Des Moines; and Stephen M. Lacy, Meredith Corporation, Des Moines. James D. Wallace, GuideOne Insurance, West Des Moines, was named as a “Business Leader You Need to Know.”

Classified adsIOWA PRACTICES FOR SALE: Northeast Iowa (Near Waterloo/Cedar Rapids) Tax & Acctng - gross $240K; Central IA (near Des Moines) CPA Practice - gross $195K; Northwest Iowa - gross $603K; Cedar Valley Area Tax & Accounting Prac-tice - gross $394K. For more information about these great listings or others in your area, call 1-800-397-0249. View listing details and register for free email updates at www.Accounting-PracticeSales.com. Thinking of Selling Your Practice? Account-ing Practice Sales is the leading marketer of accounting and tax practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experience needed to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. To find out more about our risk-free and confidential services, call Trent Holmes at 1-800-397-0249 or email [email protected].

TAX & AUDIT CPA–Shull, Schrum, McClaflin & Co, Inc seeks a CPA with 2-4 years of tax or audit experience. We are an established full-service CPA firm with offices in two central Iowa towns. We offer a competitive salary and excellent benefits, as well as ad-vancement potential. Candidates must be self-starter and able to work with a wide variety of clients, corporate and individual. Email resume to [email protected].

CAREER OPPORTUNITY-SENIOR TAX MANAGER–Our National Firm client seeks an accomplished tax professional! Continued client growth and re-tirements have created the need to add talent interested in a long term career path. Ideal candi-dates will have 5+ years of recent experience in Public Accounting specializing in real estate taxa-tion. CPA required. For confiden-tial inquiry and consideration, contact Miles Morrow, CPC, Iowa Career Connection: 515-282-5823 or [email protected]. We are retained by our clients who pay all fees.

For ad rates and deadlines, visit: www.iacpa.org.

New membersTeble R LawrenceRSM US LLPCedar Rapids, IA

Karen A ManahanRSM US LLPCedar Rapids, IA

Saida RakhimovaLWBJ LLPWest Des Moines, IA

Taylor M SchafbuchCliftonLarsonAllen LLPCedar Rapids, IA

Exam-qualified affiliate:Kyler LudwigOlsen Muhlbauer & Co LLPCarroll, IA

New student affiliatesIowa State University Jeffrey J. DeRocherLindsey K. Johnson

University of DubuqueAda L. Gross

Western Iowa Tech Community CollegeMichelle V. Schorg


…Need-to-know news and advice for leaders emerging in the accounting profession

LEAP forward

ISCPA’s LEAP Committee provides education, networking and de-velopment programs across the state for members 40 and under. Visit www.iacpa.org for detailed information about these events

and register today.

IPE 10311922 INGERSOLL AVENUE DES MOINES, IOWA 50309

515.279.1111 • 888.226.0400FAX 515.279.8788

[email protected]

Manage Exchangeand Professional Riskwith the Midwest’s Premier Exchange

Resource

Lunch with LeadersMay 19 – Des MoinesChris Diebel, managing director of public affairs, LPCA Public Strategies, Des Moines

June 16 – Des MoinesMike Draper, owner, Raygun LLC, Des Moines

June 21 – Cedar RapidsDawn Jindrich, Linn County budget director, Cedar Rapids

Aug. 30 – Cedar RapidsChris Honkomp, partner, BerganKDV, Cedar Rapids

Aug. 11-12 – Greater Des Moines Botanical Gardens2016 Emerging Leaders Conference

Register at www.iacpa.org

2016 Annual Meeting and Leadership Conference

Friday, May 6 | Sheraton West Des Moines

National leader-ship speaker Steven Fulmer

Author of Leadership Just Got Personal

Scott SiepkerActor, writer, producer, host of Emmy nomi-nated “Iowa Outdoors”, a/k/a The Iowa Nice Guy

Mark your calendar!

Get some early leadership tips by subscribing to Steven’s newsletter and blog at www.stevenfulmer.com.

ISCPA is partner for 2016 Money Smart Week

Money Smart Week® is an economic outreach program designed to help

consumers better manage their personal finances. ISCPA is part-nering with more than 200 orga-nizations to coordinate dozens of free educational events to help Iowans of all ages.

For more information about Money Smart Week, visit www.moneysmartweek.org. To find out how you can support ISCPA’s financial literacy programs, con-tact Toni Roof at [email protected] or 515-223-8161/800-659-6375. Members may also sign up for ISCPA’s Financial Literacy Com-mittee through March 31.

FREE for all members!

The following dates are scheduled for 7:30 a.m. in Des Moines at the ISCPA office. More dates and locations around the state are coming! Remember, Common Grounds is FREE for members to attend.

March 3 June 9 Sept. 15 Nov. 17

Interested in hosting a Common Grounds event at your firm or com-pany? Contact us at [email protected] and we’ll do the rest.


Feb.

2 Adobe Acrobat Must Know Features for Beginners (CC378) Webinar

11 Excel Data Analysis Series Part 3 - Pivot Tables (CC099) Webinar

12 KPI Dashboards - The New Financial Reporting Model (CC103) Webinar

23 Simplifying and Securing Your Passwords (CC126) Webinar

March

1 Adobe Acrobat Must Know Features for Beginners (CC379) Webinar

7 Excel Data Analysis Series - Pivot Tables (CC381) Webinar

21 Controller’s Update: Today’s Latest Trends (SKSB4-SF) Sioux Falls

21 Real World Business Ethics for CPAs in Business and Industry (BIRW4-SF)

Sioux Falls

22 Lean Accounting: Higher Profits by Streamlining Operations (LAMA-SF) Sioux Falls

April

19 Analytics and Big Data for Accountants (DAAN-CR) Cedar Rapids

20 Annual Update for Controllers (SKSB) West Des Moines

21 Analytics and Big Data for Accountants West Des Moines

27 Ethics in Action: Protect and Defend (EIA-IC) Coralville

27 Staff Retention: Attract and Keep the Best People (SR-IC) Coralville

28 4 Most Overlooked Business Risks: Preparing for the Future (MOBR-IC) Coralville

CPE spotlightISCPA offers over 150 seminars and educational opportunities annually to help you meet your continuing professional education requirements. View or search for ISCPA courses at www.iacpa.org.

CPE spotlightCPE catalog offers year-round webcastsDid you know that the ISCPA on-line CPE catalog offers webcasts in many fields of study? Web-casts range from one to eight hours and feature speakers new to Iowa, as well as many of your favorites. There are thousands of choices and updates are made as they become available. Go to the CPE section of www.iacpa.org, select “CPE catalog” and then “Webcasts & Webinars” to view available programs. Or use “Filter Courses & Events” to create a custom list to fit your needs.

Upcoming webcasts:Simplifying and Securing Your Passwords

Adobe Acrobat Must Know Features for Beginners

KPI Dashboard–The New Finan-cial Reporting Model

Excel PivotTables for Accoun-tants

Outsourcing CFO servicesAre you looking to start a new practice? Is your firm looking for new revenue opportunities? Check out these opportunities to help you get started in one of the fastest growing services in the industry.

Sept. 19 - Trusted Client Adviser Workshop

Sept. 20 - Virtual Accounting and CFO Services: A Step-by-Step Guide to Building Your Practice

Global leaders discuss evolving profession

In a recent AICPA Insights blog post, business leaders Paul Stahlin, former AICPA board

of director chairman, and Myriam Madden, CIMA president, discuss the current and future state of the accounting profession and the evolution of the joint venture be-tween AICPA and CIMA with Ash Noah, vice president of CGMA external relations at the AICPA. Read the blog post at: http://goo.gl/seKGaX.

To learn more and share your feedback on the AICPA/CIMA pro-posal to evolve the joint venture, visit www.aicpa.org/horizons.


Don’t let tax season become identity theft season

In 2015, the IRS suffered an unprecedented data breach, allowing hackers access

to the detailed information of more than 100,000 tax returns. Criminals used the online service “Get Transcript” to gain access to information including Social Security numbers, addresses and other personal data. While most of the activity was used to fraudulently redirect tax refunds to the perpetrators instead of the taxpayer, additional incidents of identity theft above and beyond tax refunds were reported.

While the IRS responded quickly by shutting down the online ser-vice tool and offering free credit monitoring services to those af-fected, the impact of this breach reached further than those af-fected – a substantial amount of

professional trust was broken with the public. Working with leading tax preparation firms, financial professionals and software devel-opers, new safeguards were an-nounced in October of last year to prevent and combat identity theft.

Resources for you and your office To date, more than 2,000 identity thieves have been convicted and the IRS has been actively pub-lishing information on their role in protecting sensitive informa-tion, and how both the public and those involved in tax preparation at every stage can help. “Security Together” (http://goo.gl/60TTnS) is an overview of changes, up-grades and what simple steps can be taken to aid in securing information from every angle. This month, the IRS also published a set of guidelines “Identity Theft Information for Tax Preparers” (http://goo.gl/nrPsWh) which ex-plains the basics of identity theft, warning signs and what you can do as a tax professional to help. Additionally, there are a half dozen PDFs, ranging from one page fli-ers to handbooks included in this article that are simple to print out and use as guides for you and your office.

Be proactive to protect your information While the IRS has made substan-tial progress on protecting their cybersecurity, it’s integral you do as well. Read the latest articles to ensure you and your team are being proactive in the care of in-formation and data in your office and online. Our premier member benefit insurance partner Lock-ton Professional has created a checklist (http://goo.gl/zPQ89F)

that can be helpful to review with your colleagues to maintain best practices are being followed for every client, every day.

Lockton Professional supports the ISCPA by giving our mem-bers access to an experienced service team who understands the accounting field and its particular chal-lenges.

With Lockton, you also have access to every type of insur-ance coverage you and your firm might need, includ-ing:• professional liability (er-

rors & omissions/malprac-tice)

• cyberliability• business owners policy• workers’ compensation• employee dishonesty bonds• employment practices li-

ability.

From providing comprehensive insurance at competitive rates to offering useful information and valuable advice, you can trust Lockton Professional to be a reliable, resourceful business partner. Find out more by visit-ing http://goo.gl/a0iqrE or call 866-386-2544.

Jim Rothermich Certified General Appraiser

& Real Estate Agent: Iowa, Illinois, Minnesota, Missouri,

Nebraska, & South DakotaReal Estate Agent:

Iowa & Missouri

AccountantsLook Here!

Clive, Iowa • (515) [email protected]

A seismic shift in farmland ownership is occurring. Do you need professional farm appraisal services,

expertise in land brokerage, land management, or land investing? As a part of one of the

Midwest’s fastest growing real estate companies, I have the resources to help you!

Farm appraisal • Land Brokerage Land Management • Land Investing


Welcome to the new iacpa.org

After months of work and testing, the ISCPA’s newly designed website is finally

here! The updated site offers an enhanced user experience and access to the information and resources you need to learn, con-nect and advance in the profes-sion.

You’ll love the ability to easily navigate and take care of busi-ness with optimized mobile view-ing whether you’re on the road, at work, or kicking back at home on your smartphone or tablet. The website also integrates a fresh new look that reflects the ISCPA’s recent rebranding initiative. Log in and take a look around.

HighlightsWe got rid of the clutter, and boy did that feel good! While we still have a lot of information to pro-vide, you can quickly find what you’re looking for on the home page (www.iacpa.org) or the menu (www.iacpa.org/membership).

• Get the latest news in the profession, what’s happening at ISCPA, tips and resources. www.iacpa.org/news/articles

• Search, shop, manage and track your learning and devel-opment. www.iacpa.org/cpe

• Use your member dashboard to check your CPE credits, up-date contact information and easily manage your member-ship. www.iacpa.org/membership

• Handle your firm or company’s membership renewals, con-

tinuing education and more with the group administrator panel. www.iacpa.org/membership/group-admin

• Find out how you can get in-volved and make a difference in your profession and career. www.iacpa.org/membership/volunteer

• A new future CPAs section de-signed for students aspiring to become CPAs. www.iacpa.org/future-cpas

• Explore careers in our new Ca-reer Center. www.iacpa.org/careers

• Let potential clients know you are ready for business by be-ing part of the Find a CPA re-ferral service. www.iacpa.org/find-a-cpa

• Use the member directory to find that smart, cool mem-ber you connected with at an event, catch up with an old friend, or someone who has similar interests or credentials. www.iacpa.org/membership/directory

• Check out advertising and sponsor opportunities with ISCPA. www.iacpa.org/advertising

There’s more you’ll want to dis-cover so dig in! We’re continuing to make improvements to the site and welcome your feedback. If you need assistance logging in, navigating the site or have any issues, please give us a call at 800-659-6375 or 515-223-8161 or email [email protected].

Logging in for the first time? Here’s what you need to know:

1. Use the “password help” at the top of the home page.2. You will receive an email with a link to create your password.3. You may continue using the same password or create a new

one.4. Log in and you’re good to go.

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Watch for more information and registration coming soon!

New!Financial Institutions Conference

May 24, 2016The Meadows Events Center | Altoona

This must-attend event brings together leading industry experts and regulators to provide an update on developments critical to your business. Designed especially for financial professionals working in or with the financial institutions industry, conference topics include:

• Regulations panel

• CECL

• Staff retention

• Derivatives/financial instruments

• Capital requirements

• Agricultural economy and credit risk

• Accounting update

• Reporting update

• Cybersecurity

• Tax update

• Internal audit

SAVE THE DATE

iowa cpa - february 2016

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