June 2009 GOALS FOR PERMIAN BASIN CHAPTER JUNE 1, MAY 31, 2010 A NOTE FROM PHIL DAVIS, PERMIAN BASIN CHAPTER PRESIDENT WELCOME NEW MEMBERS

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1 June 2009 A NOTE FROM PHIL DAVIS, PERMIAN BASIN CHAPTER PRESIDENT After many months of planning, June has arrived. I thank you for having confidence in me to elect me to serve as President during the next year. Nancy Day has served the Chapter well with her fresh approach. One of the new events started by Nancy was the Free CPE seminar for members. The Fraud Conference on May 1, 2009 was a great success, with 70 members taking advantage of this seminar. We also have added an additional 16 hours of CPE with a Subchapter S Corporation course on August 3 and 4. I encourage you to put this on your calendar and attend this CPE seminar. Another way we are trying to give more for our Chapter is the golf tournament on June 19 at Hogan Park in Midland. Garion Brunson and Jack Bain are working diligently organizing this event. We moved the date of the tournament back to June, past the tax deadlines of April and May to try to increase attendance. All net proceeds from the tournament will go to accounting scholarships for UTPB, Odessa College, Midland College, and Howard College. There is also another opportunity for the golf tournament -- our Chapter at one time had great networking with the bankers and lawyers in the area. I encourage each of you to invite the bankers and lawyers you know in your communities, as well as your clients, to participate in the golf tournament for this good cause. With a shotgun start, hopefully we can fill all 72 golfer slots to maximize the amount we give to scholarships this year. If you are not a golfer (like me who gave up many decades ago), sponsorships are $200. By the time you receive this newsletter, we will have held a Board Training Session on June 4. With assistance from TSCPA Chairman Kym Anderson and TSCPA staff Rhonda Ledbetter and Stephanie King, we will be educating our Board members on the benefits TSCPA has to offer GOALS FOR PERMIAN BASIN CHAPTER JUNE 1, MAY 31, Build a foundation for the future leadership for the Chapter 2. Educate members on what TSCPA offers and provide more services to the local Chapter members 3. Recruit new members to TSCPA and discussing the programs our Chapter will provide next year. The training for our Board will help each of them serve our members better in the months to come. I look forward to seeing you at the golf tournament on June 19. WELCOME NEW MEMBERS - Jesus Arenivas, CPA - Judd R. Campbell, CPA - John F. Wantland, V, CPA NEW AFFILIATE MEMBERSHIP CATEGORY FOR NON-CPA EMPLOYEES In late January, TSCPA leaders approved creating a new membership category for non-cpa employees who work for or are supervised by a current TSCPA fellow member. This will allow more people to take advantage of TSCPA and Chapter benefits, including accounting news and information, discounts on products and services, education and training, insurance, and more. Members of this new affiliate category must work on a substantially full-time basis and be sponsored by the TSCPA member who employs or supervises them. The Membership Application is available on TSCPA s Web site at secure.tscpa.org/secure_applynoncpa.asp.

2 MEMBERSHIP RENEWAL Be sure you don t miss a day of the services and discounts available to members! Annual dues are payable now. If you haven t yet responded to the dues notice ed in April, please do so right away. For questions about the dues statement process or if you did not receive an invoice, please contact TSCPA s Rosa Castillo. ( rcastillo@tscpa.net; phone , ext. 260.) We thank you for your continued membership in TSCPA and the Permian Basin Chapter. YOUR SECRET IS SAFE I think I have a problem, but I m afraid to talk about it. I don t want people to see me as unable to control my drinking. Is there someone I can talk to? Your secret is safe with us. The Accountants Confidential Assistance Network offers assistance. Call us at ACAN. We re here to help. PERMIAN BASIN CHAPTER CALENDAR OF EVENTS Board Training June 4 Golf Tournament June 19 S Corporation Tax Issues and Update Aug. 3-4 Governmental Accounting Sept. 09 Shrimp Boil Sept. 09 CPE EXPO Nov. 5-6 Tax Update Jan. 6 TSCPA CPE OPPORTUNITIES Not-for-Profit Accounting, Auditing and Tax Update June 17 Governmental Accounting and Auditing Update July 22 Personal and Professional Ethics July 27 Compilation & Review Update: OCBOA Financial Statements Aug. 19 Accounting & Auditing Update Sept. 16 To register, go to the CPE section of TSCPA s Web site at or call the CPE Infoline at Bringing People Together Executive Search & Recruiting Firm Specializing in Accounting & Financial Career Placement LeeAnn Cody, CPC President ADVANTAGE PAYROLL SERVICES Precision You Can Count On Accurate Timely Cost-Effective Guaranteed Full Tax Service Direct Deposit Charlie Jones 2500 N Big Spring, Ste 110 Midland, TX (432) We are looking for advertisers for our CPA Newsletter. If you or anyone you know would like to advertise, please call: , Ext. 233 or N. A Street, Bldg 8, Ste. 150, Midland, TX Tel Toll Free Fax lcody@globalpersonnelinc.com PRINTER SERVICE SUPPLIES EQUIPMENT 4400 N. Big Spring, Suite C-39 Midland, Texas (432) (432) Locally Owned and Operated by Jo and Ken Sneed

3 CPA GOLF TOURNAMENT-PERMIAN BASIN CHAPTER 4 Person Golf Tournament June 19, 2009 Hogan Golf Course-Midland Tournament proceeds to benefit UTPB Accounting Scholarship Fund Entry Fee: $115 per player (Checks to: PBCTSCPA) (Includes cart, gift, lunch, mulligans) Format: Scramble. Soft spikes only. Start Times: 1:00 p.m.-shotgun start. Prizes: Both gross and net winners of 1 st and 2 nd places, closest to pin and longest drive will win prizes. Other prizes will be announced at the tournament. There will be a separate category of prizes for teams consisting entirely of CPAs or employees of CPAs. We will assign a playing partner for you if you do not have one. 1. Name Phone Handicap or Avg. of last 5 scores 2. Name Phone Handicap or Avg. of last 5 scores 3. Name Phone Handicap or Avg. of last 5 scores 4. Name Phone Handicap or Avg. of last 5 scores MAIL FORM TO: Garion Brunson 1541 JBS Parkway, #7 Odessa, TX Phone: , Fax: garionbrunson@juno.com

4 CPA GOLF TOURNAMENT-PERMIAN BASIN CHAPTER SPONSORSHIP FORM Date of Tournament-June 19, 2009 Tournament proceeds to benefit UTPB Accounting Scholarship Fund Cost of Sponsorship is $200. Make check to PBCTSCPA. Name of Sponsor: (or send a business card.) The money and sponsor information may be sent to: Garion Brunson 1541 JBS Parkway, #7 Odessa, TX 79761

5 TSCPA MISSION STATEMENT The Texas Society of Certified Public Accountants exists to support its members in their professional endeavors and to promote the value and high standards of Texas CPAs. PERMIAN BASIN CHAPTER TEXAS SOCIETY OF CPAS Dallas Parkway, Suite 700 Dallas, TX Phone: , Ext. 233 or Web Site: OFFICERS: Phil Davis President Billy Kelley Vice President Crystal Baylor Vice President Ralph Bowen State Director Ron Wade State Director Marty Inge State Director Steve Jones Secretary/Treasurer DIRECTORS: Russell Bennett Midland Byron Tuck Midland Jack Bain Odessa Ryan Bartholomee Director-at-large Wayne Counts UTPB Faculty Rep. Ex-officio Stephanie King Chapter Liaison , Ext or Cristy Jones UTPB Student Rep. Ex-officio CPA Newsletter The CPA News is published nine times a year by the Permian Basin Chapter of Certified Public Accountants. All advertisers and advertising agencies assume liability for all advertisements and from any claims arising therefrom. Deadline for newsletter advertising is the 20th of the month prior to issue date.

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