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Tax Info:
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Beginning with the 2004 tax filing season, taxpayers filing Georgia Form 700 (Georgia Partnership Income Tax Return) are required to include a copy of their federal Form 1065 (U.S. Return of Partnership Income), including all Schedules K-1. Click here for more details.
2005 Standard Mileage Rates Set - The IRS released the optional standard mileage rates to use for 2005 in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes.
Guidance on Requirements for Disclosing Reportable Transactions - The Treasury Department and the IRS issued interim guidance reflecting changes to the requirements for disclosure of reportable transactions by taxpayers and material advisors made by the American Jobs Creation Act of 2004. Notice 2004-80 provides guidance to material advisors who are required to comply with the new reporting and list maintenance requirements, and invites comments from the public regarding rules and standards for implementation.
Keep current on tax issues. Join the GSCPA Taxation Section
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GSCPA Membership Cards Are in the Mail:
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New GSCPA membership cards have been mailed to all members. The card includes your member number and chapter. If you have questions regarding the card, please email Shelly Grunbaum. |
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GSCPA Annual Tax Survey:
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The GSCPA Taxation Section will hold its annual meetings with officials of the Atlanta IRS and the Georgia Department of Revenue in January 2005. These meetings give us the opportunity to present questions regarding practice issues and to work in cooperation with the IRS and the state to solve problems we may encounter. In preparation for these meetings, we annually ask our members to complete a questionnaire listing some of the issues that you would like raised. To complete the survey, please click here. |
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Ninth Annual GSCPA Charity Social - With a Twist:
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Sponsored by the Young CPAs Committee to Benefit Toys for Tots; Wednesday, December 8, 2004; Cafe Tu Tu Tango, Atlanta; Fee: $25 by December 3, $30 at the door.
Twist it Up - Wear a goofy item that is hardly noticeable, but noticeably goofy. This will serve as an ice breaker as you try to guess these items on each other. You are also encouraged to bring new, unwrapped toys to the event. There will be a door prize for the best goofy item and the best donated toy. Friends and co-workers are welcome. Register online or
click here to download the registration form. |
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CPA Referral Service:
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Tax Season is fast approaching and people are looking for CPAs. Are you interested in getting your firm’s name in the mix? Join the GSCPA CPA Referral - a great way to get new clients. Consumers can locate CPA firms by location, services, and industries. CPA Referral brochures will be mailed this month to all Georgia public accounting firms. If you have any questions, email findcpa@gscpa.org or call Julie Anderson at 404-231-8676 ext. 2942. |
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CPE News:
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Take the Leap... at the 2004 Governmental A&A Conference
(course no. 13070); December 6; Cobb Galleria Centre; 8 hours credit under the GAO guidelines. Karl Johnson, with GASB, will present an extensive update on government issues. Myra Byrd, with the Carl Vinson Institute in Athens, will give tips to plan the interview in a government audit to include questions regarding SAS 99. Other topics include: detecting fraud in government; workpaper documentation, materiality and independence; and risk assessment including information security.
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Key Into the Pulse of Healthcare Issues at the 2005 Healthcare
Conference (course no. 13010); February 18, 2005; Cobb Galleria Centre. This year’s conference will have two general sessions in the morning followed by afternoon breakout sessions. Glen Reed, King & Spalding, will be back to provide the latest developments in Healthcare in his Legal Update. Brad Benton and Bill Hanna, KPMG, will look at the Next Phase for Sarbanes Oxley - Controls and How You Balance Risks and Controls with Business Improvement. Early Registration ends February 4, 2005. For program/registration, click here and choose the Healthcare Conference.
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UPCOMING COURSES:
Social Security Benefits: Advising Clients
(course #12046); December 8; GSCPA Training Center; Instructor: Sharon Scott. Fees – Member $209 by 11/24, $259 after 11/24; Non-Member $249 by 11/24, $299 after 11/24. AICPA's Annual Accounting and Auditing Workshop** (course #12044); December 8-9; GSCPA Training Center; Instructor: Ron Clark; Member $299 by 11/24, $349 after 11/24; Non-Member $379 by 11/24, $429 after 11/24. **Eligible for $30 per day discount to AICPA members.
Want to plan ahead? For a view of courses offered over the next three weeks, click here.
Credits is now available online. For the current issue, click here. | Marketing and Tax Presentation Materials Available: | |
Have presentation materials at hand when you are promoting your expertise to various audiences:
1) Tax Speech and PowerPoint entitled Tax Training Tips for 2004. The materials include tax-planning considerations such as HSAs; family, homeowner, and education tax strategies; investment strategies; and tax breaks for small business owners. For a free copy, contact Jamie Etzbach.2) CPA Marketing Tool Kit- The tool kit contains print ads, brochures, speeches, the CPA logo with the new tagline “America counts on CPAs,” a sample e-newsletter and survey, successful selling tips, and other marketing resources. Enter username (cpamarketing) and password (toolkit1!) when prompted.
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 | | | New MAP Survey Results Are Now Available
Results of the recent MAP Survey are currently available on the GSCPA web site.
Free Salary Guide Available - Starting salaries for accounting and finance professionals are expected to increase an average of 2.4 percent next year, according to Robert Half International’s recently released 2005 Salary Guide. |
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November 24, 2004
