East Bay Chapter
A blog for and by a community of professionals
November 27, 2013
By Patricia J. Mayer, CMA, CPA
The holiday season is upon us. It’s a festive time to partake in memorable and traditional activities with family, network with peers and prepare for new tax provisions. It‘s also a time to assemble the slate of nominees for next year’s board of directors, which is included in this Bulletin for you to peruse. If you’d like to see your name added to the roster in the future, let us know.
As we look forward to the holiday season, do you have a hint what presents are awaiting accountants and auditors under the tree? Even if one doesn’t trim a tree, you may be the recipient of some good presents—maybe even a few surprises.
Are you ready for the new tax on investment income? It may or may not come to you as a surprise, but if you attend our annual Tax Night Dec. 10 at the Contra Costa Country Club in Pleasant Hill, you’ll hear Joy Soulier, our chapter’s Tax Committee chair and board member, explain it all. She will dispel the myths, and give the facts. What will this tax cost your clients? Is there any way to avoid paying the 3.8 percent tax? A delicious three-course dinner and hors d’oeuvres will be served prior to her discussion.
Read the rest of this entry »
By Michele D. Day, CPA, MBA, Garcia Award Committee Chair
A very special honor—the 2013 Garcia Award—has been awarded to Robert H. (Bob) Jones, CPA! The award will be presented at our Honorees Night, taking place Jan. 28 at Scott’s in Oakland. The award is our chapter’s highest honor for achievement and recognition of service to the accounting profession and the community.
It would take this entire page to list Bob’s activities and accomplishments for you, so let’s make it simple: Come celebrate and give him your best wishes in person. Hope to see you there!
Following is the chapter’s slate of officers and directors for 2014–15 as recommended by the chapter’s Nominations Committee. Nominations by members are open and must be received by Jan. 15. To qualify, at least 15 members must nominate a candidate for chapter officer or director. Consent of nominees also must be obtained before forwarding that person’s name.
Eligible chapter members will receive a separate email announcement in mid-January asking for the approval of the proposed slate. Results will be announced at Honorees Night on Jan. 28.
President: Thomas V. Bret, Cederborg & Bret LLP
First Vice President: Thomas P. O’Sullivan, Thomas P. O’Sullivan CPA
Treasurer: Joseph C Kovar, Sweeney Kovar LLP
Secretary: Charles A. Burak, Glenn Dawson Burak LLP
Past President: Patricia J. Mayer, Patricia J Mayer & Associates
(second year of two-year term)
Tony W. Lam, Armanino LLP
Eugene C.W. Ma, Macias Gini O’Connell LLP
Thomas J. Parry, Benson & Neff CPAs
Joy T. Soulier, Joy T. Soulier & Associates
(first year of two-year term)
Ahmad S. Alwawi, Vavrinek Trine Day & Co LLP
Wilbur Chan, Ernst & Young LLP
Mey L. Saechao, Spiegel Accountancy Corp.
Walter Schlueter, Belvedere Financial
CalCPA Council Representatives
Thomas V. Bret, Thomas O’Sullivan, Patricia J. Mayer
The Bay Area CFO of the Year event is an important annual event for us at CalCPA, and we’re proud to be a continuing Platinum Sponsor and celebrate the success of CFOs. This is a special night when we get to honor their achievements in leading great companies in the Bay Area.
The money raised by this event goes directly to program support at Larkin Street Youth Services, which helps at-risk youth in the Bay Area. Larkin Street’s programs are highly effective, and their results in helping kids get off the street is unparalleled.
Among past winners of the CFO of the Year award are many clients and friends of CalCPA. We’re proud of our association with our clients in the Bay Area, and we want to keep recognizing amazing CFOs—especially those we work with most closely.
We’re asking for your help in identifying CFOs to be nominated. The target is CFOs who’ve been in their jobs two years or more, and who have had an impact on their companies’ business.
What are your ideas? Either contact Wendy Mai, (650) 522-3231, or visit the official CFO of the Year website. There’s more information about the event and past winners there, too. Nominations close Jan. 20.
Phil Lemos, a longtime member of East Bay Chapter, passed away at home Thursday, Nov. 21. Lemos was a beloved member of the chapter who had been involved with CalCPA and the chapter for many years, including serving on various committees. Lemos was also a big contributor to the East Bay Chapter Scholarship Fund, donating $1,000 every year for many years. For many years, a scholarship has been given in his name.
Lemos was born in Berkeley and spent his entire life in Lafayette. He was the son of Tony and Eva Lemos. His mother, Eva, grew up on a ranch in Moraga, while his father, Tony, was born in the Azores and came to Contra Costa County when he was 2 years old. His parents operated a grading and excavating business in Lafayette for many years. Lemos attended Lafayette Elementary School and Acalanes High School, then attended the University of California, Santa Barbara and San Francisco State College studying music. After auditioning for the S.F. Symphony he realized that playing the trumpet was not going to be his career. He returned to work in his parents business. Due to his health, Lemos was unable to continue the business after his father passed away in 1970. He decided to return to school to study accounting and become a CPA. It was during this time that Lemos met his wife, Kitty. After becoming CPAs, the couple shared an accounting practice first in Lafayette and later in Walnut Creek.
Lemos is survived by his wife, Kitty; cousins, Eddie and Hanna Mason; John, Katie, David and Sarah Petty; and many friends. Services are pending. Contributions can be made to the Contra Costa Solano Food Bank.
In 2005 Phil and his wife Kitty received the chapter’s LeVerne Garcia Award for Outstanding Achievement.
Want to use your talents at the statewide level? Your opportunity awaits—the application period is open to serve on our CalCPA committees for 2014-15. From estate planning to technology, and from personal financial planning to taxation, there’s a committee meeting your interests and expertise.
Work with your peers on projects that increase members’ technical knowledge, enhance the profession’s image and draw the best and brightest into accounting—all while you build leadership skills and make valuable contacts. The application deadline is Dec. 15 and committee appointments will be made in January.
Learn more and apply online.
Join your colleagues Jan. 22 for a visit to Sacramento. Legislators are not always familiar with the CPA profession’s unique environment and CPA Day at the Capital is your chance to familiarize your representatives about issues important to CPAs statewide.
Register or learn more.
The CalCPA Accounting Principles and Auditing Standards Committee is providing a valuable resource for every CPA’s library available online. Here you will find:
- Comment letters issued by the committee on professions standards exposure drafts for the last two years;
- Recent professional standards (does not included those for public or international entities) with links to the actual standards;
- Links to California CPA magazine’s recent auditing and accounting articles;
- Links to AICPA resources, which include SASs, SSARS, SSAEs, SQCS, and Code of Professional Conduct; and
- Link to FASB Codification (basic view only).
This single page can save hours of research time by providing all the resources you need in your practice.