Inland Empire Chapter
A blog for and by a community of professionals
March 1, 2014
By Alex Lemos, CPA, MBA
Let the games begin!
Or continue, depending on when you start the majority of your work. We’re in the heart of tax season—a season a lot of us are all too familiar with, along with feeling like we’re buried under appointments, billable hours and deadlines. This time of year reveals character and creates stories some of us will be telling for years to come. It also represents the part of the year where some generate the majority of their revenue. In all, tax season is a delightful time of year.
Personally, I never had a full-blown tax season; most of my client base had their year-end June 30. We consider July through December our “busy season.” Now that I am a controller, we have a mini busy season every few weeks while closing month-end. Additionally, we are tied to April 15 as a result of our corporate tax filings. But, to be honest, it doesn’t always touch the intensity some of you are pushing yourselves to during this time of year: 70-hour workweeks, sleeping at the office and gallons of coffee.
But when tax season is all said and done, we can claim that we have been through “x” number of tax seasons and breathe a sigh of relief … until the next deadline approaches. For those that are on their first tax season, they will finally know what it feels like.
Welcome to tax season!
By Dalton Sweaney, CPA, Gray, Salt & Associates, LLP
Security checkpoints, a brigade of California officers, closed door meetings and elected officials in hallways—these may not be what comes to mind when you think about CPA Day at the Capitol. How about advancement of the profession, networking, giving back to local communities or bringing forth important facts regarding pending legislation? Perhaps these ideas are closer to what you think of when you hear CPA Day at the Capitol. For many, the setting of the day can be just as impacting as the topics being discussed. There’s something enthralling about seeing democracy and the way our country works firsthand. It’s an experience that too few get to share—and one that many soon won’t forget.
Tiffany Jue, a student at the University of California, Riverside, who will be graduating with a bachelor’s degree in accounting in June and is a member of the women’s tennis team there, had this to say about her experience:
“It’s great to be part of a large organization that can make such an impact on an individual and state level. From a student’s perspective, having been a part of CalCPA allowed me to join more than 200 CPAs from all over California for CPA Day at the Capitol. I was able to network with many of these professionals and to learn from their perspectives in relations to work, ideas and life. While in Sacramento, we came together as an organization of professionals and upcoming professionals to make our cause known to the representatives of California. I met with four representatives, thus proving that even students are involved. I’m ecstatic to be a member of CalCPA, an organization that can make a difference.”
Read the rest of this entry »
By Bruce A. Gray, CPA, CGMA
The famous Consumer Electronics Show in Las Vegas takes place every January, allowing technology manufacturers to showcase their latest and greatest gadgets that excite those of us who are particularly geeky. Just a few of the new gadgets introduced this year include:
- Wearable sensors to track activities, location and provide alerts.
- Wearable devices that connect to your smartphone and other mobile devices.
- Augmented reality smartglasses for gaming.
- Wearable cameras that decide when to take pictures.
- Again for the gamers, a 68-camera array that takes simultaneous photos of a subject which can then be injected into a video game.
- A variety of robotic devices ranging from toys for children to grill cleaners to interacting with hospital patients.
- Ultra high definition and curved televisions.
- An internet connected device that allows you to photo and video your pets, interact with them and dispense treats.
More than 3,200 exhibitors and 150,000 attendees participated in this year’s show, and some of these products are already close to market, so keep your eyes peeled for more fun tech gadgets.
By Derrick DeBruyne, CPA and Alex Lemos, CPA, MBA
Your chapter leadership representatives to the CalCPA Council had the privilege of attending the presidents and vice presidents meeting immediately before the Jan. 23 council meeting. Presidents and vice presidents of every CalCPA chapter shared ideas, successes and challenges. One of our successes that was shared regarding the 2013-14 year was that the Inland Empire Chapter held more events than ever before! As we look to reach more members with events that are easy to attend—in terms of geographic location and making time within our busy schedules—we’ve found that more frequent, smaller scale events have been successful. We have five discussion groups that meet regularly, covering a variety of topics from managing an accounting practice to business and industry. These discussion groups are held across the Inland Empire, from La Verne to Riverside, and from Fontana to Temecula. With this success noted, we still have work to do. There are regions within our chapter boundaries that are not represented well, including the high desert and Palm Springs.
Read the rest of this entry »
At our installation event in May we will be honoring our annual Distinguished and Community Service Award winners, as well as our YEP of the Year. Know someone involved in the community or the profession deserving of honors? Then make you nominations by March 31:
Distinguished Service Award
Community Service Award
YEP of the Year
Distinguished Service Past Recipients:
David Marion ( 2012-13)
Michael Moore (2011-12)
Laurie Mitchell (2010-11)
Rich Teaman (2009-10)
Jim Counts (2007-08)
Don Driftmier (2006-07)
Community Service Award Past Recipients:
Matt Wilson (2012-13)
Vicenti Lloyd & Stutzman, LLP (2011-12)
Phil Waller (2010-11)
Paul Sundeen (2009-10)
Johanna S. Salt (2008-09)
Renee Miller (2007-08)
Bruce Gray (2006-07)
Helene Blumner (2004-05)
Jessie Powell (2003-04)
Pat Spafford (2002-03)
Deborah Crowley (2001-02)
Mike Adcock (2000-01)
Walter Reardon (1999-00)
Don Driftmier (1998-99)
YEP of the Year
Maya Ivanova (2012-13)
Mayra Meza (2011-12)
Download and complete your ballot for chapter officers and directors. Ballots are due by Friday, March 21.
The traditional “cost driver” approach to budgeting may be creating a competitive disadvantage for today’s businesses. Finance departments can help an organization move from a classic, historical financial reporting mind-set to a forward-thinking, strategic business partner. Join the business and industry group as we discuss these items and how “strategic drivers” can help in setting budgets as well as operational and strategic performance goals.
Learn more and register.
Increasing competition for donations, grants and gifts should be a top concern for nonprofit management and accounting professionals. Join the Nonprofit Committee at the Inland Empire United Way for a discussion about effective marketing strategies. Hear from others within the industry and gain insight into what marketing programs work, which one’s are just hype and which ones to avoid.
Learn more and register.
Young and emerging professionals, students, CPAs and other professionals and their guests are invited to attend this networking event. Meet some of the chapter leadership team while enjoying a buffet and billiards. This is a networking opportunity you won’t want to miss!
Learn more and register or download the event flier.
The nomination period for CalCPA’s annual service awards is open until March 28. You can download and nominate an outstanding member or firm for the:
- Public Service Award, which is given to a CPA who has been especially active in service to the profession and community.
- Distinguished Service Award, which is granted either on the basis of long and distinguished service or for some singular act resulting in extraordinary contribution to the profession, CalCPA and/or the community.
Make your nominations today.