This year’s Berkeley Conference on Financial Reporting, put on by the accounting faculty of the Haas School of Business and Center for Financial Reporting and Management, delves into the relationships between accounting and the technology industry. 

CalCPA members can save $175 on registration—just enter “CALCPA2017” in the promo code box when you register.


Lead On: CalCPA/AICPA Leadership Positions Open

The application period for the 2018-19 CalCPA Board and Council, AICPA Council and CalCPA Education Foundation trustee and officer positions is open.

California CPAs are the driving force behind one of the world’s largest economies—and CalCPA provides the opportunities to help you develop critical leadership skills, and a platform to showcase them, at the local and state level.

Isn’t it time you put your leadership skills to use for the betterment of the CPA profession?

Learn more or apply.

Applications are due Dec. 4.


Office of Tax Appeal Openings 

The newly formed Office of Tax Appeals (OTA), which takes effect Jan. 1, is hiring three administrative law judges to oversee and issue decisions on taxpayer appeals of assessments from the California Department of Tax Appeals and the FTB. Qualifications to become an administrative law judge include being a member of the California State Bar and have tax law experience.  

Appeals cases cover all areas of tax law, from sales and use taxes to income taxes.  

All three positions are located in Sacramento, but hearings could be across California.  

Access more information online. Positions will remain open until filled. 


CAMICO Tip of the Month: Partner with Your Insurance Company

Find out how well your company delivers services and responds to you before you have a claim. Here are a few good ways to do this:

  • Discuss questions about the insurance application and the information requested with your underwriter or agent. This will help you avoid errors, which could result in a higher premium. A phone call is an easy way to correct errors before they occur.
  • Understand what the appropriate policy limits would be for your firm. Excessively high limits can create a bigger bullseye for claimants and potentially lengthen the claims process. But you also need enough in limits to protect your firm in the event of a severe or frivolous claim.  A specialized underwriter, agent or account executive will work with you to create a policy that addresses your specific risk areas.
  • Utilize your insurance company’s loss prevention and risk management services, which are crucial in avoiding or minimizing problems. The better the services, the better your firm will be at improving its practices and clientele. A good partnership with your company will go a long way toward the continuing success of your firm.

For more information and guidance about CPA firm insurance issues, visit www.camico.com.


Free Member Webcast Nov. 14: CalCPA Committee on Taxation/IRS Liaison Meeting

Gain updates on federal tax issues, as well as information regarding federal tax questions and answers submitted by committee members., Nov. 14, 9:30 a.m.-3:30 p.m. 

Register online.


Voluntary Disclosure Program: Expanded Eligibility and Penalty Relief

Effective Jan. 1, the existing Voluntary Disclosure Program will be expanded to allow out-of-state partnerships with non-resident partners, and out-of-state administered trusts, to participate in VDP.

Current state law allows qualifying entities, certain LLCs, qualified trusts, qualified shareholders, qualified members of LLCs and qualified beneficiaries of qualified trusts to participate in the VDP. The law allows an applicant requesting a “voluntary disclosure agreement” (VDA) that has never filed a California income or franchise tax or LLC return and that voluntarily applies for a VDA prior to any contact from us regarding income, franchise or LLC tax liability to remain anonymous until the signed VDA is returned to us.

Senate Bill 813 (Ch. 288, Stats. 2017) expands the specification requirement to apply to voluntary disclosure agreements between us and a qualified entity. This bill eliminates inconsistent treatment among similarly-situated entities by allowing most out-of-state partnerships with nonresident partners of: general partnerships, limited partnerships and LLPs, and out-of-state trusts with California resident beneficiaries to participate in the VDP. The law was amended and defines “qualified partner” and “qualified partnership.”

A qualified entity specifically excludes any of the following:

  • An entity that is organized and existing under the laws of this state;
  • An entity that is qualified or registered with the office of the SOS; or
  • An entity that maintains and staffs a permanent facility in this state, as specified.