Decosimo Holds Accounting Seminar May 13

Wednesday, April 30, 2014

Decosimo will host the 2014 Decosimo Accounting Seminar on Tuesday, May 13, at the Chattanooga Convention Center from 8:15 a.m. to 5 p.m.  This year’s seminar will feature an update on Generally Accepted Accounting Principles (GAAP) to be presented by keynote speaker Dr. Richard Townsend. The keynote address will take place in the morning, while the seminar will feature afternoon breakout sessions covering business management topics, including the latest in cyber security and information on planning issues in family businesses. 

As part of his address on GAAP updates, Dr. Townsend will speak on revenue recognition, discontinued operations, development stage enterprises, going concerns, leases, and the status of actions by the FASB’s Private Company Council.  Dr. Townsend is an Associate Professor Emeritus at the University of Tennessee, Knoxville, where he taught both undergraduate and graduate financial accounting courses from 1969 to 2012. Holding a Ph.D. from The University of Texas at Austin, Dr. Townsend regularly conducts continuing professional education courses on reporting and disclosure for the Tennessee Society of CPAs, Georgia Society of CPAs, corporations and public accounting firms.

The afternoon Cyber Security breakout sessions will feature Sam Bailey of Staffing Technologies detailing how companies and organizations can best secure customer information against cyber threats. In the following session, Decosimo’s Bill Acuff will discuss best practices to recognize, detect and prevent many common fraud schemes. 

“Planning Issues in Family Businesses” will be a featured topic in another of the seminar’s afternoon breakout sessions. Decosimo’s Mike Costello, Shannon Farr and Bob Wheat will address the unique challenges found in family businesses when planning for growth, succession and other business management issues.  “Tax Planning with Insurance,” presented by Rodney Miller of Highland Brokerage, will complete the list of breakout sessions. Mr. Miller’s presentation will focus on strategies for utilizing insurance instruments to reach tax planning objectives. 

Participants in the afternoon breakouts will come together for a final session that will provide perspective on the current business climate. Presented by Tom Decosimo and Mike Costello, who oversee Decosimo Advisory Services, this session will examine the latest conditions affecting businesses in various industries. The presentation will also offer strategic approaches on how to navigate through the challenging times associated with a still-recovering economy. 

The registration fee is $99 for the full-day seminar. Attendees may earn up to 8 hours of continuing professional education (CPE). The registration deadline is May 6. 


Scam Phone Calls Continue; IRS Identifies Five Easy Ways To Spot Suspicious Calls

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.   These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They ... (click for more)

CBL & Associates Properties To Pay Common And Preferred Stock Dividends

CBL & Associates Properties, Inc. Thursday announced that its Board of Directors has declared a quarterly cash dividend for the company’s Common Stock of $0.245 per share for the quarter ending Sept. 30. The dividend is payable on Oct. 15 to shareholders of record as of Sept. 30. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the ... (click for more)

Bradley, 24, Charged In Death Of 3-Year-Old Boy At Soddy Daisy

Justin Dale Bradley has been charged with criminal homicide in the death of a three-year-old child, who was rushed to the hospital on Wednesday and later died. Authorities said Bradley, 24, is the boyfriend of the child's mother. The mother earlier took out an order of protection against Bradley, and he was arrested for violating the order. The Hamilton County Sheriff’s ... (click for more)

Shooting Of 15-Year-Old Began As Argument Between Teens

According to police, the Tuesday night shooting of a juvenile on Taylor Street started as an argument between the two young men. Terry Marshell Smith Jr., 19, was arrested the following day. Police said the former Hixson High School student shot the juvenile in the shoulder after their argument and then fled the scene.  According to police, Smith admitted to the shooting. ... (click for more)

Better Plan For Walnut Street Hotel

Mitch Patel and his Vision Hospitality Group have unveiled a revised plan for a hotel on Walnut Street. It is much better than the one proposed two years ago. By having no curb cuts on Walnut Street, it makes that special block near the bridge more inviting and safer for pedestrians. Deliveries would be off Riverfront Parkway and hotel access (valet parking) would be off Aquarium ... (click for more)

Thanks For Making The Southern Brewers Festival A Success

Now that the dust has settled I'd like to thank Chattanooga for supporting the Southern Brewers Festival and making it yet another very successful event.    For those who do not know - the SBF benefits the Chattanooga chapter of Kids on the Block and the Chattanooga Community Kitchen.  As a partner helping the SBF with volunteers, sponsorships and the overall production ... (click for more)