FORUM A - 4:30 - 6:30 p.m. (2 CPE)
IRS Initiatives – What you don't know could hurt you!

IRS is working very hard to close the Tax Gap and they are looking to your clients to help provide the funds. IRS has several initiatives going forward to help them do this and these may cause problems for your clients. To name only a few, there is The Automated Under Reporter program; Schedule C issues – is it a business or a hobby, are the expenses deductible; Employment Tax Issues; S Corporation Shareholder distributions; 1099 reporting. When you add to this the states' financial woes, we are facing a tough environment for our clients.

We will start the session with a presentation by Ron Feuerstein of Bean, Kinney, and Korman, P.C. on the IRS special employment tax initiative. We will then proceed to a round table to discuss where IRS and Virginia are going and what we should be doing to keep our clients in compliance. You have a need to know -- don't miss this one.

Ronald A. Feuerstein is a shareholder of the firm Bean, Kinney, and Korman, P.C., and an experienced tax lawyer whose practice is focused on tax planning and structuring for corporate and partnership transactions, mergers and acquisitions, tax controversy work before IRS and state tax agencies, sophisticated estate planning for high net worth individuals and family wealth transfers, employee benefit matters, including Department of Labor Audits, and general business counsel and advice. He has represented many varied types of businesses and entrepreneurs, from start-ups to public companies, both foreign and domestic. In his practice, Mr. Feuerstein has developed significant depth of knowledge in tax issues affecting a varied array of businesses and specialized industries, including casino gaming, bio-tech manufacturing and research and development, food product distribution, government contracting, franchising, heavy construction, restaurants, farming and ranching, real estate and mortgage banking.

The substantive tax areas covered by Mr. Feuerstein include corporate tax, pass-through entities (S corporations, LLC's and partnerships), U.S. taxation of foreign entities, persons and operations, tax-exempt entities (public charities, private foundations and trade associations), ERISA, executive compensation, ESOP's, VEBA's, stock options, qualified and non-qualified deferred compensation and state taxation (including income, sales, use and property taxes).

Sponsored by the Tax Committee

FORUM B - 4:30 - 5:30 p.m. (1 CPE)
NEW MEMBER ORIENTATION

During this informative and interactive session, Brenda Fogg, of the VSCPA, will walk you through a guided tour of the VSCPA website, www.vscpa.com, including information on the very latest membership programs and benefits. Learn about member events, CPE offerings, website resources, local chapters, publications, social media and more. If you are not able to attend this session in-person, watch for additional sessions, which will be conducted via conference call and the Internet throughout the year. For more details, check out "New Member Virtual Orientations" at www.vscpa.com/Networking.

Brenda Fogg is Member Relations Director for the Virginia Society of CPAs (VSCPA). In addition to leading the member relations team, Brenda also oversees, develops and directs comprehensive programs for membership recruitment and retention as well as member outreach programs and events.

FORUM C - 5:30 - 6:30 p.m. (1 CPE)
TECHNICAL ACCOUNTING UPDATE

This forum looks at the initiatives and projects that are being undertaken to improve financial reporting. Focus will be on current rule changes and pending changes at the AICPA and SEC. Learn how these changes will affect both auditors and industry professionals. We'll discuss recent significant guidance, ongoing projects and longer-term issues to help you stay ahead of the FASB and SEC curve.

Jeffrey D. Mechanick, CPA, MBA, is an assistant director at the Financial Accounting Standards Board (FASB). In that role, he provides strategic and technical oversight of all activities involving nonpublic entities (private companies and nonprofit organizations (NPO)), serves as the staff specialist for NPOs and oversees some of FASB's broader outreach efforts. He is also the lead staff person to the Financial Crisis Advisory Group, the Blue Ribbon Panel on Standard Setting for Private Companies and the FASB Not-for-Profit Advisory Committee. Since joining FASB in 2006, Mechanick has worked extensively on behalf of the nonprofit sector and, more recently, the private company sector. He has managed the FASB Staff Position (FSP) project on Nonprofit Endowments and UPMIFA (FSP FAS 117-1); been a core team member on the project on Mergers & Acquisitions by NPOs (Statement 164); and consulted on many other projects, including Fair Value Measurements (FAS 157) and Postretirement Benefit Obligations (FAS 158). He has also spoken at numerous conferences sponsored by the AICPA, the National Association of College and University Business Officers, the Healthcare Financial Management Association, many state CPA societies and various other organizations.

Sponsored by Accounting Trends Committee

FORUM D - 4:30 - 5:30 p.m. (1 CPE)
LANDING A JOB IN TODAY'S ECONOMY

Sheridan King and Perry Brown from Accountants International will be providing a lively discussion on landing a job in this economy. They will discuss interviewing skills, do's and don'ts for finding a job as well as talk about trends in hiring. This panel will benefit both the employer and the employee. Q&A time will end the session.

Sheridan King, CPA, Senior Executive Consulting Manager - Sheridan earned her Bachelor's in Accounting from George Mason University and her JD from the University of Alabama and has been with Accountants Intl (formerly Don Richard Associates and Acsys) for over 9 years. Prior to joining Accountants Intl, Sheridan was a Manager with Deloitte in their Financial Advisory Services practice, focusing on analysis in litigation matters. Sheridan initially joined Acsys in 2001 as a Direct Hire consultant and within a year moved in to a Business Development Consultant role, where she was the top producer for 2004. In 2005, Sheridan moved back to the recruiting side of Acsys, as a Sr. Staffing Consultant. She was promoted in late 2005 to Operations Manager. In January 2009 she moved in to her current role where she focuses on placement of senior level consultants into interim or project roles such as Controller, Accounting Manger, Financial Analyst in order to assist clients with complex reconciliations, staff augmentation, audit prep, implementations, etc. She has been a "Leaders Club" participant in 2005, 2007, 2008 and 2010 and also has received a STAR consultant award, a Spirit award and a Top Gun award. Sheridan's accounting background has been a key in her success at Accountants Intl. and she and her team have a loyal client and candidate base in the Northern Virginia region.

Perry Brown, CPA, Senior Executive Consulting Manager - Perry Brown has worked for Accountants International (formerly Don Richard Associates and ACSYS, Inc.) for over 25 years. During this time he has worked as a direct hire recruiter, trainer, opened and managed two branches and is currently the Senior Executive Consulting Manager in the Washington, DC office. He has earned numerous awards for top performance and team work. Prior to joining Accountants Intl, Perry worked for Ernst & Young as a senior auditor. Perry has a Bachelor's of Science degree in Accounting from Virginia Tech and is a CPA in the State of Virginia

Sponsored by the Professional Development Committee

FORUM E - 5:30 - 6:30 p.m. (1 CPE)
A COUNTER OFFENSE TO THE DEFENSE CONTRACT AUDIT AGENCY: Compensation Planning Techniques for Defense Contractors

This course will explore the "rules of the game" on what the DCAA means to your company when designing and evaluating executive compensation programs. Highlights include:

• Impact of the DCAA on Executive Compensation
• Why is this important?
• Getting your compensation files in order to answer DCAA challenges
• What to do if you've been given an unreasonable compensation notice
• Proactively designing compensation programs for public and private contractors in expectation of an audit.

Derrick P. Neuhauser is Senior Manager & Chair of the BDO Global Equity Team and the Practice Leader in the Midwest region for the firm's Compensation and Human Capital Consulting practice. He has over twelve years of experience in executive compensation, employee benefits and individual tax planning issues. Derrick consults for a diverse group of companies ranging from intermediate to large entities on executive compensation strategy and program design, management incentive systems, long-term incentive stock-based compensation, executive contract and severance payment design, directors' compensation, and compensation reviews of non-profit organizations. In addition, he has designed modeling programs to determine the most advantageous tax implications of qualified and nonqualified stock option exercises in both national and international capacities. Derrick has also consulted in numerous cases regarding unreasonable executive compensation, excessive "golden parachute" payments, marital dissolution settlements, bankruptcy court approved retention payments, and litigation support.

Randy Ramirez, BDO Senior Director and Regional Practice Leader, Compensation and Benefits. Randy has over 15 years of Compensation and Benefits experience, assisting companies in areas such as compensation for Board members, executives, key employees, broad-based employees, and sales force incentives. His areas of focus include aligning compensation programs with company goals, linking pay and performance, benchmarking, and corporate governance and compensation committee matters. He consults directly with companies and is a recognized resource in the industry. Randy has worked with companies in the Aerospace/Defense, Energy, Healthcare, Real Estate Development/Management, High-Technology, Retail, Professional Services, Not-for-Profit, and Financial Services industries. More recently, Mr. Ramirez lead the design of a number of key incentive programs as the head of Sales Force Compensation and Effectiveness for a $4 billion publicly traded company.