A blog for and by a community of professionals
By Scott Donnelly
This is my last message during my term as chapter president. Thank you to my fellow board members. Your creativity and participation was enthusiastic and very much appreciated.
There has been so much change in the demographics of business and practicing CPAs over the last few years. It was great meeting new licensees and CPAs from across the chapter as our chapter adapted to those changes.
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Connect with other CalCPA young and emerging professionals and join our chapter’s YEP Committee. All you need to do is update your member profile and you will receive notifications of upcoming YEP events.
Please email program associate Tracey Zink or call (818) 546-3554 for any questions.
LA Clippers and CalCPA Los Angeles Chapter invite you to a workshop on Accounting in the Sports Industry. Hear from LA Clippers Controller Todd Sakauye, Senior Business Analyst Anthony Dedousis and Director of Financial Planning and Analysis Greg Buonaccorsi on the day-to-day operations working in the NBA. Find out how sports accounting and finance is different from traditional accounting and finance, new revenue streams, luxury tax, salary caps, contracts and more. Then get ready for an exciting game, as the LA Clippers take on the Sacramento Kings. Learn about the day-to-day operations of accountants in the sports industry. Gain an understanding of how salary caps, revenue streams, and revenue sharing work together. Understand how accounting is integral to a successful sports organization.
Time: 5:30-6 p.m./networking; 6 p.m./workshop; 7:30 p.m./game
Location: Staples Center – City View Terrace, 1111 S Figueroa St, Los Angeles, CA 90015; Los Angeles
Cost: $25/members, $25/nonmembers, $25/students (includes workshop and one game ticket in the 300 section)
Note: Tickets will be on sale until April 5 and will be emailed prior to the event. No registration at the door. Parking is not included. Plan ahead for your trip to Staples Center.
Questions? Contact Tracey Zink, chapter program associate, at (818) 546-3554 or firstname.lastname@example.org.
Register or learn more.
Join us for a great night of bowling at Lucky Strike. This is the perfect opportunity to socialize with other young professionals and take part in some friendly competition. We’ll award prizes, but the objective is networking, so novices and seasoned bowlers alike are welcome.
Time: 6–9 p.m.
Location: Lucky Strike Lanes
Cost: $30/members; $40/nonmembers (add $5 for same day and at door registration; appetizers, bowling, shoe rental, and one drink ticket are included)
Register or learn more.
You’re invited to the chapter’s 2017-18 installation of officers and directors, where we also will award scholarships to top accounting students, recognize our lifetime members and present a special award to those members who were nominated by their peers for their achievements and dedication to our organization. Bring your whole family to this Saturday event at the Santa Monica Pier.
Register or learn more.
Join CalCPA and the Sean Brock Foundation in a charity run which will include a 5K run and walk, 10K run and a 1K(ish) kids run. You’ll enjoy the scenic water views along Dockweiler State Park while giving back to a worthwhile cause. So, get your teams ready for some friendly competition and help raise scholarships funds! Event proceeds will be split between the Sean Brock Foundation, which awards scholarships to the families of fallen or wounded service members, and the CalCPA Los Angeles Chapter, which awards scholarship to local college/university students studying accounting. Last year the chapter awarded $30,000 in scholarships
Sponsorship and Volunteer opportuntieis available! Please contact Program Associate Tracey Zink or 818-546-3554.
We would like to thank the following for their generous contributions to our LA Chapter Scholarship Fund! The LA Chapter recently awarded $25,000 to Los Angeles area students. Your support goes a long way in shaping the pathway to future CPA careers!
This year the chapter held 11 networking events, which included partnerships with nine professional organizations for a total attendance of more than 1,200. As a sponsor, you will have the unique opportunity to promote yourself and your company to our chapter’s 11,000 members, plus hundreds of other financial professionals who attend our events. This is a great way to start your involvement with the CPA community.
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.
Before March is done, nominate an outstanding member or firm for:
What does it take to be a forensic accountant? Get the scoop straight from those in the know! Learn from forensic accounting professionals about their career journey; gain insights into the career opportunities in the forensic accounting industry; and understand what it takes to excel as a forensic accountant.
Register for the in-person event or webcast today, or download the flier.
For questions or more information about student membership, email David Lo.
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 cars, play in a band, devote time to nonprofit causes, have taken on physical endurance challenges, surf, DJ 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.
Join today and gain access to CalCPA's
full range of professional tools and resources.
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LA Estate Planning Committee
Looking for a program on how to structure business operations and transactions to achieve the best tax results? The Loyola Master of Tax Law program is offering full-tuition scholarships for all 2015-16 regularly admitted full-time students.
Find more information contact program director
330 N. Brand Blvd.; Suite 710
Glendale CA 91203