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Other Comprehensive Basis of Accounting Fundamentals | 4152308D

July 1, 2015
Sacramento Area
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A blog for and by a community of professionals


President's Message

A New Beginning

May 5, 2017

By Andy Anderson, CPA, CGMA

 This message means our chapter is beginning a new year.

I’m writing as a new chapter president but there are many things that still need to be done before I take office! As I write this I have had the benefit of the “Past President’s Breakfast”, an activity I was excited about attending this year. Not that I haven’t attended them in the past. But this one is special because it helped me serve the chapter membership better. At this breakfast, I received input from past chapter presidents. They provided insights they learned when they were the chapter presidents. When I’ve attended this breakfast in the past, it has been enjoyable. But this year’s breakfast was a lot more meaningful to me.

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Chapter News


Renew


East Valley DG May 11: Should I Serve as a Trustee?

CPAs are often asked to serve as trustees by their clients, which appears to be an easy assignment because of the relationships that have been developed over the years and the knowledge of the client’s financial affairs. Serving as a trustee is a commitment that comes with many responsibilities. Join us as we explore serving as a trustee, what to expect, the commitment and responsibilities that come with that role.

Register or learn more.

 


Batter Up! YEP Networking Social Aug. 10

Join our chapter’s young and emerging professionals to watch the San Bernardino 66ers take on the Lake Elsinore Storm. Enjoy the game, discuss current events and take advantage of this networking opportunity.

Register or learn more.

 

 

 

 

CalCPA News


ENTC Conference

 


Sales Tax on Services Legislation Introduced

Tax on services continues to be a topic of discussion in the Legislature. A recently introduced bill, SB 640 (Hertzberg), proposes to enact a sales tax on services—including those provided by CPAs. While the bill does not articulate how such a complex shift in the tax burden would be accomplished, the introduction of this legislation keeps the issue on the radar within the public policy arena—particularly as tax reform conversations heat up.

Similar far-reaching tax on services proposals were introduced in 2015 and 2016 by Sen. Hertzberg, but both bills died in the Legislature when they failed to meet legislative deadlines. These proposal have been characterized as a way to broaden California’s tax base to address a volatile stream of tax revenue. However, the proposal would impose an extremely complex shift in the tax burden to raise billions in new tax revenues.

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Behind the License

We know there’s more to your life than the tax forms, deadlines and rules and regulations that you spend time with at the office. And we want to tell your story—or the story of a member you may know.

Our monthly Final Entry feature in California CPA takes a look at the person behind the license. Over the years we’ve featured members who race carsplay in a banddevote time to nonprofit causeshave taken on physical endurance challengessurfDJ and make wine.

So, what’s your story?

If you’d like to participate or want to recommend a colleague, contact managing editor Damien English with details and we’ll set up a short interview.

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