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c o n t e n t s
Jan/Feb 2011 Vol. 52 Issue 1
advocacy community education
3
Education and Research Foundation of the
Connecticut Society of Certified Public Accountants
716 Brook Street, Suite 100, Rocky Hill, CT 06067-3433
860-258-4800 Fax: 860-258-4859 www.cscpa.org
Opinions expressed in bylined articles appearing in this
publication are those of the author(s) and do not neces-
sarily reflect CSCPA opinions or positions nor do they
constitute endorsements.
Connecticut CPA
(USPS #004-433) is published
bi-monthly for dues paying members of the Connecticut
Society of CPAs by the CSCPA, 716 Brook Street, Suite
100, Rocky Hill, CT 06067-3433. Periodicals postage paid
at Rocky Hill, CT and at additional mailing offices. POST-
MASTER: Send address changes to CSCPA, 716 Brook
Street, Suite 100, Rocky Hill, CT 06067-3433.
A publication of the Connecticut Society
of Certified Public Accountants
C
onnecticut
CPA
CS CPA
CSCPA Board of Directors
Marcia L. Marien
President
Gregory A. Lainas
President-elect
Ralph A. Volpe
Treasurer
Stephen A. Pedneault
Secretary
Jason D. Newman
Member-at-Large
Noelle A. Taddei
Member-at-Large
Mark A. Andrews
Member-at-Large,
CSCPA Advisory Council Chair
Connecticut CPA Staff
Arthur J. Renner
Executive Director
Kirsten F. Piechota
Managing Editor/
Design and Layout
Caitlin Q. Bailey O'Neill
Assistant Editor
Mark Zampino
Publisher
Julie E. McNeal
Contributor
On the Cover
5
Fixing Our Future in
Connecticut
By Marcia L. Marien, CPA
16 Mingling & Merriment:
The 2010 New and Young
Professionals' Holiday Party
Features
10 The Relentless Rules of
Humble Arithmetic:
What I Learned Serving on
Connecticut's Other Post-
Employment Benefits Commission
By Julie McNeal, CPA
13 AICPA Calls on Congress
to Repeal 1099 Reporting
Requirements
20 Where We're @
Connect with CSCPA Online!
22 Engagement Letter
Essentials
By Ronald C. Parisi, J.D., CPA
24 Member Spotlight:
Raymond Rossi, CPA
25 Summary of 2011 Qualified
Retirement Plan Limits
By Leonard G. Brown, FSA, MAAA
26 Accounting for Apple's iPad
Programs & Events
14 The Essential Event:
The CSCPA Annual Meeting
28 CSCPA Monthly Calendar
30 Members-Only Programs
34 CPE Pages
Member Matters
32 CPA Career Session Targets
Working Students
36 Pledge Pages
38 CAAS Corner
40 ETF Presents
Scholarships/Grants
44 CPA Careers Conferences
48 Member News
49 Weicker Addresses Tax360
50 Member Perks
51 Welcome, New Members!
52 Firm Moves and Promotions
53 Professional Affinity
Partnerships
54 Classified Advertisements
56 Member Snapshots
58 Turgeon Honored with
NABA Award
Connecticut's Current Fiscal Crisis:
Analysis from CSCPA President Marcia L. Marien
page 5