Schedule for Two Day CPE Expo
Day One - Wed. Nov. 5, 2014
Day Two - Thurs. Nov. 6, 2014
101 - 8:30 am - 10:10 am
201 - 8:30 am - 10:10 am
202 - 8:30 am - 12:00 pm
Marriage, Divorce &Taxes Texas Style
IT/Technology Update
Contemporary Accounting
Ethics and Related Legal
Topics
Greta Hicks
102 - 10:20 am - 12:00 pm
103 - 10:20 am - 12:00 pm
Section 1031 Like-Kind
Exchanges
Sales and Use Tax Update
Julia Swallow
D'Anne McNaughton
12:00 pm - 12:50 pm
John Curtis
203 - 10:20 am - 12:00 pm
Navigating the Net
Investment Income Tax
Mark Watson
Wayne Shaw, PhD, CPA
12:00 pm - 12:50 pm
Lunch
Lunch
Representative Mike Conaway
104 - 1:00 pm - 2:40 pm
105 - 1:00 pm - 2:40 pm
Identity Theft - What is
going on and how do we
deal with it?
Jerry Love
106 - 2:50 pm - 4:30 pm
Compilation & Review
Update
J. D. Faircloth
107 - 2:50 pm - 4:30 pm
204 - 1:00 pm - 2:40 pm
205 - 1:00 pm - 2:40 pm
Private Company Council
Fraud Risks Facing Your
Organization
Billy Atkinson
Todd Burchett
206 - General Session - 2:50 pm - 4:30 pm
Financial Planning for Oil
and Gas Interest Owners
IT/Technology Update
Gamification - Can multiple generations blend in the work
place?
Chris Considine
John Curtis
Jerry Love
Session descriptions, speaker biographies and online registration available at: http://permian.tscpa.org/
Both Days - PBZEXPO
Day One - PBZEXPO1
Day Two - PBZEXPO2
Members
$350
$275
$275
Non-Members
$400
$350
$350
Early Bird Discount
must be received by 10/16
Two Days - $50
One Day - $25
Conference Session Descriptions
101 - 8:30 am - 10:10 am
Marriage, Divorce & Taxes Texas Style - Greta Hicks
Before and during marriage, before and after divorce, there are tax ramifications to each decision and action. The IRS follows
state law when determining who is, and is not married; who has to pay the IRS tax bills; what is community property; and what
is separate income. Discussion will include an overview of DOMA. Also covered will be income tax filing issues while married,
during divorce and post divorce years, as well as, decisions prior to remarriage.
102 - 10:20 am - 12:00 pm
Section 1031 Like-kind Exchanges - Julia Shaw
Participants will receive information regarding 1041 Like-kind Exchanges and how to address common issues unique to the
Permian Basin geography.
103 - 10:20 am - 12:00 pm
Texas Sales Tax Update - D'Anne McNaughton
Update on recent changes in sales tax rules, regulations and best practices.
Lunch - 12:00 pm - 12:50 pm - Representative Mike Conaway
104 - General Session - 1:00 pm - 2:40 pm
Identity Theft - What is going on and how do we deal with it? - Jerry Love
105 - 1:00 pm - 2:40 pm & 201 - 8:30 am - 10:10 am
Compilation & Review Update - J.D. Fairclcoth, CPA
Update Compilation and Review new standards.
106 - 2:50 - 4:30 pm
Financial Planning for Oil and Gas Interest Owners - Chris Considine
Offers an overview of strategies for preserving and transferring of wealth for Oil and Gas owners.
107/201 - 2:50 - 4:30 pm; 8:30 - 10:10 am
It/Technology Update - John Curtis
201 - 8:30 am - 12:00 pm
IT/Technology Update - John Curtis
202 - 8:30 am - 12:00 pm
Contemporary Accounting Ethics and Related Legal Issues - Wayne Shaw, PhD, CPA
Overview and review of ethical and related legal issues in the financial work place.
203 - 10:20 am - 12:00 pm
Navigating the Net Investment Income Tax - Mark Watson, CPA, CFP
Participants will receive information about the components of the Net Investent Income Tax and its application to estates and
trusts. Key topics will include rules set forth in the final and proposed regulations issued on November 26, 2013, Strategies for
Minimizing the Net Investment Income Tax.
Lunch - 12:00 pm - 12:50 pm
204 - 1:00 pm - 2:40 pm
Private Company Council - Billy Atkinson
Topics will include Private Company Accounting Update; PCC Structures; PCC agenda process; interacting with FASB; differential
factors- private vs. public, and a number of other topics applying to private and public companies.
205 - 1:00 pm - 2:40 pm
Fraud Risks Facing Your Organization - Todd Burchett
Explore strategies and controls to help mitigate the risk of fraud.
206 - General Session - 2:50 pm - 4:30 pm
Gamification - Can Multiple Generations Blend in the Workplace? - Jerry Love
Each generation has distinct attitudes, behaviors, expectations, habits and motivational buttons. Learning how to communicate
with the different generations can eliminate many major confrontations and misunderstandngs in the workplace and the
business world.
CPE Expo Speakers
Greta Hicks, CPA
Experience and Qualifications: Ms. Hicks is a CPA and former IRS auditor and manager with 34 years of experience in income tax
preparation, teaching tax update courses, and representing persons before the IRS. She is a TSCPA member and serves as Tax
Editor of Todays' CPA magazine. Ms. Hicks also is a member of the TSCPA Editorial Board and the IRS Relations Committee.
Julia Swallow, J.D.
Education: BA - Texas Tech University; J.D - University of Houston
Experience and Qualifications: Ms. Swallow serves as VP and General Councel to The Swallow Group, LLC (Trust, Estate, and Oil
and Gas Management) and also serves as VP and General Counsel to Permian Basin 1031 Exchange Services, LLC. She is licensed
to practice law in Texas and New Mexico and is admitted to practice before all US Dictrict Courts of Texas and New Mexico, as
well as, admitted to practice before the Fifth Circuit Federal Court of Appeals. She is a certified mediator for general civil and
family law cases. Previously, Ms. Swallow was a partner with Hinkle, Heensley, Shanor & Martin, LLP; Assistant City Attorney for
the City of Midland, Texas, and worked for Petroleos Mexicano (PEMEX) in the International Legal Department in Mexico City.
She is active in numerous civic and charitable organizations and serves on a number of Boards in the Midland/Permian Basin
area.
D'Anne McNaughton
Experience and Qualifications: Ms. McNaughton has 25 years experience in sales and use tax issues in a number of states,
including Texas, New Mexico, Oklahoma, Louisiana, and the Rocky Mountain regions. She is a former auditor for the Texas State
Comptroller's Office in Odessa, Texas. Her industry experience includes management of state tax issues for Southwest Royalties,
ARCO Permian, and Compressor Systems, Inc., managing sales tax responsibilities in multiple states. She has performed
numerous sales tax consulting projects for a wide range of clients including oil and gas producers, oil and gas service companies
and suppliers, construction contractors, manufacturers, and retailers. Other projects and services include reducing audit
liabilities, obtaining refund of overpaid sales taxes, streamlining and enhancing tax compliance systems, and monitoring current
tax developments to assist clients in staying abreast of upcoming issues. She currently serves on the statewide committee for
TSCPA's annual Texas State Tax Conference.
Representative Mike Conaway
J.D. Faircloth, CPA
Education: BBA - Hardin-Simmons University; MBA - UT Austin
Experience and Qualifications: Mr. Faircloth spent began his accounting career working for eight years with a Big-4 public
accounting firm in Midland, Texas, dealing with public and privately owned companies engaged in oil and gas exploration and
production, crude oil refining, agriculture, retail, manufacturing and financial industries. The next 20+ years he was engaged in
the public and private practice of accounting with an emphasis on oil and gas accounting, including natural gas gathering and
marketing entities. He has assisted in taking two local companies public. He has extensive Securities and Exchange Commission
reporting experience and has served as chief executive, chief financial, and/or chief accounting officer for a number of publicly
owned companies. Mr. Faircloth joined Johnson Miller's audit department in May 2004 and became a shareholder and director
in January 2008. He holds membership in the TSCPA and the AICPA. He also is a former Midland At-large City Councilman and
Mayor.
Chris Considine, JD, CFP
Education: BA in Finance from Southwestern University; J.D. - Southern Methodist University
Experience and Qualifications: Chris Considine is a Senior VP and Financial Planner with Wells Fargo Wealth Management. He
has over 10 years of specialized expertise in the areas of executive compensation, income tax, gift, estate and retirement
planning. He works closely with the Financial Planning Group's team of experienced specialists to offer family wealth transfer,
charitable gifting, investment and income tax planning solutions to affluent families, private business owners and corporate
executives. Prior to joining Wachovia in 2006, Chris worked as General Counsel and Investment Advisor for a $30MM Oil and
Gas family office/charitable foundation in Austin. He provided estate planning, investment advisory services and tax planning
for both entities. He began his career with Arthur Anderson, where he focused on compensation consulting and technical tax
consulting for S&P 500 executives.
John Curtis
Bio coming soon
Mark Watson, CPA, CFP
Education: BBA in Finance and MS in Accounting from Texas A&M University
Experience and qualifications: Mark is a tax partner in Weaver's Houston office where he provides businesses, fiduciaries, and
individuals with tax compliance and consulting services. For more than 22 years, Mark has focused on individual and fiduciary
income tax, estate tax, gift tax, and generation-skipping transfer tax matters. Prior to joining Weaver, Mark was a partner in
KPMG's Washington National Tax office.
Wayne Shaw, PhD., CPA
Education: BSB in Accounting - Oklahoma City University; MBA - University of North Carolina at Greensboro; PhD. - UT Austin
Experience and qualifications: Dr. Shaw is the Helmut Sohmen Distinguished Professor of Corporate Governance at the Edwin L.
Cox School of Business at Southern Methodist University. Prior to joining SMU, Dr. Shaw taught at Cornell University and the
University of Colorado at Boulder. He teaches courses in corporate governance, financial accounting, taxation, and mergers and
acquisitions at the undergraduate and MBA levels. Prior to entering academics, Dr. Shaw worked for the IRS in the large case
audit group, drug enforcement, appellate, and the Corporate Tax Division of the National Office. He also was employed as a tax
law specialist for A.M. Pullen & Co., CPAs. Dr. Shaw has been involved in the development and presentation of training
materials for major corporate and not-for profit entities including National Association of Corporate Directors, Bank of America,
Goldman Sachs & Co., Greyhound, MCI, Texas Instruments and more. He has served as an expert witness for the SEC and
various law firms in the areas of corporate governance and ethics, financial reporting, and federal income taxation. He is
licensed by the TSBPA as an ethics instructor and has published a book that is used in that course. In 2013, Dr. Shaw was
awarded "D Magazine's" CEO's Financial Executive Award for Excellence in Corporate Governance.
Billy Atkinson, CPA
Education: Texas A&M University
Experience and Qualifications: Billy Atkinson has over 39 years experience in public accounting with PricewaterhouseCoopers
LLP, where he was an audit risk management partner in Houston. He has served as a member of the AICPA's Governing Council
and has had numerous leadership roles in the TSCPA. He chairs the Private Company Council, which in 2012 was established by
the Financial Accounting Foundation to work with the FASB to determine whether, and when, to modify U.S. GAAP for private
companies. He has served as a sposoring member of the FAF/AICPA/NASBA "Blue Ribbon Panel" on Accounting Standard Setting
for Private Companies in the U.S. Mr. Atkinson was appointed to the TSBPA in 1999 adn served as the Board's Presiding Officer
from 2003-2005. He now serves as Chairman of the Texas Public Finance Authority which issues State supported eebt to finance
legislatively approved projects and facilities. Currently, he serves on the board of Atkinson Candy Company, a private candy
manufacturer in Lufkin, Texas, with over 200 employees in Texas and Guatemala.
Todd Burchett, CPA, ABV, ASA, CFF, CFE
Education:
Experience and qualifications: Mr. Burchett is a partner with BKD's Forensics and Valuation Services and leads its Texas practice,
providing business valuation, forensic accounting, investigation, bankruptcy and litigation support services, including serving as
an expert witness. In addition to being a CPA, he is Accredited in Business Valuation(ABV), an Accredited Senior Appraiser (ASA),
Certified in Financial Forensics (CFF) and a Certified Fraud Examiner (CFE). Mr. Burchett has more than 25 years experience
providing client solutions in consulting, accounting and tax matters; including performing business valuations for a variety of
purposes including gift and estate tax, business planning, succession planning, dispute resolution, and for solvency purposes in
bankruptcy. Mr. Burchett is a member of the TSCPA, AICPA, American Society of Appraisers, American Bankruptcy Institute,
Association of Certified Fraud Examiners and Turnaround Management Association.
PERMIAN BASIN CHAPTER CPE EXPO - NOVEMBER 5-6, 2014
ODESSA COUNTRY CLUB – ODESSA
GENERAL INFORMATION
Program site: Odessa Country Club
1 Fairway Drive, Odessa, TX 79765
Registration: 7:30 – 8:30 A.M.
Class: 8:30 A.M. – 4:30 P.M.
Meals: Breakfast and lunch provided as part of the
registration fee
Registration Fee: Members: $350/$275
Non-members: $400/$350
Early Bird Discount – If registered by October 24, 2014
TSCPA CPE REGISTRATION
8:30 A.M. - 4:30 P.M.
Objective: The 2014 Permian Basin CPE Expo will include
a variety of professionals presenting information
designed to update, inform, and instruct CPAs on
current topics and changes affecting the profession.
Designed for: CPAs in public practice and industry
Course Level: Basic/Intermediate Prerequisite: None
Conditions: Satisfactory meeting room temperatures are
difficult to maintain. Always bring a sweater or jacket to
ensure comfort. Casual attire is acceptable.
CPE Hours: 8 hours per day.
Please type or print clearly. Photocopies are accepted. TSCPA registered sponsor #260
Name:
CPA Certificate #:
Firm:
Address:
City, State, ZIP:
Business Phone:
Home Phone:
E-Mail Address:
REGISTRATION FEES
Program Number Program Date
Program Fees Members/Non-Members
Early Bird Discount
 PBZEXPO
Nov. 5-6, 2014
Member $350
Non-Member $400
$50
 PBZEXPO1
Nov. 5, 2014
Member $275
Non-Member $350
$25
 PBZEXPO2
Nov. 6, 2014
Member $275
Non-Member $350
$25
Please note: Seating for each conference is on a first-come-first–served basis. Some sessions may fill up and once they have
done so, the class will be closed and participants will be directed to another class.
Please select one topic for the concurrent session
Day One
 101
 103
 105
 107
 102
 104
 106
 Check
 VISA
 MasterCard
Day Two
 201
 202
 American Express
 203
 204
Amount: $
Credit Card Number:
Cardholder’s Name:
 205
 206
Exp. Date:
/
Cardholder’s Signature
Please mail this registration form and check or credit card payment information payable to:
Permian Basin Chapter TSCPA - 14651 Dallas Parkway, Suite 700 - Dallas, TX 75254
POLICIES
Cellular Phones: Please turn off cellular phone while in session rooms.
Children: Participants are not allowed to bring children to any TSCPA-sponsored CPE program.
Recording Devices: All audio and visual recording devices are prohibited in session rooms without prior written permission
from the speaker and the TSCPA CPE Foundation.
Smoking: Smoking is prohibited in meeting rooms at all times.
Registration: If you are paying by credit card, you may register via fax or telephone; fax your registration to TSCPA at 800/2070273 or 972/687-8696, or phone the CPE Infoline at 800/428-0272.
Participant Cancellations, Transfers and Substitutions will be accepted with no administration fee ON or BEFORE the
program date by contacting the TSCPA CPE Infoline at 800/428/0272. NO-SHOWS FORFEIT THE ENTIRE REGISTRATION FEE.
Tax Information: The IRS will allow only 50 % of expenses for business meals/entertainment as deductible for tax purposes.
The definition of meals includes continental breakfasts, refreshment breaks, lunches and receptions at professional
conferences and/or seminars, including tax and gratuities. The portion of the registration fee for this seminar that applies to
meals is $75.00