A blog for and by a community of professionals
By Martin L. Sniewski
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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.
We now have a CalCPA YEP – LA Chapter LinkedIn page! Join in the conversation, post and chat with other young professionals and hear about upcoming events.
Please email program associate Tracey Zink or call (818) 546-3554 for any questions.
YEP Mentors Needed for AICPA Legacy Scholars Program
Each year, the AICPA’s Legacy Scholars program awards more than 100 scholarships to talented accounting students across the nation—from high school seniors to graduate students. As participants, students will complete eight hours of service each semester by planning and implementing events that support and promote the accounting profession. In addition, scholars can request a CPA coach they can turn to throughout the year with questions or advice related to fulfilling service requirements, sitting for the CPA Exam, career exploration, interview preparation or general guidance as they journey through college or transition to the workforce.
The AICPA’s Academic & Student Engagement team is seeking volunteer coaches for the 2017-18 academic year who have their CPA license, at least two years of full-time professional work experience and a desire to grow and develop future accountants.
Read the rest of this entry »
The Personal Financial Planning Committee meetings have returned. Meetings will be held monthly at the Skirball Cultural Center in West Los Angeles from noon-2 p.m.
CPA Practice Advisor is pleased to announce the recipients of its annual 40 Under 40 Awards. This program recognizes and honors young leaders who are helping to positively shape the accounting and tax profession.
This year’s 40 Under 40 are visibly and incrementally changing the accounting profession through their exemplary leadership, innovative thinking, collaborative efforts guaranteed to provide unity to the profession across the generations, and their community outreach, which extends the visibility of the profession outside the workplace.
Recipients in this year’s awards include two fellow members and CPAs in the Los Angeles Chapter: Scott Hoppe and Blake Oliver.
Read more about the 40 Under 40 Award Recipients in the CPA Practice Advisor.
Get ready to tee up, network and support accounting scholarships at the LA Chapter Annual Golf Tournament on Oct. 30 at Brookside Golf Club in Pasadena.
The format will be a four-person scramble. Ask your favorite client, banker, attorney, financial planner, friend or family member to join in! This a great course so get your team together and sign up now as this one may sell out!
Register or learn more.
For more information on tournament or sponsorship, please contact Melissa Czepaniewski at email@example.com or (818) 546-3505.
Special Thank You to Our Sponsors!
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.
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.
Engage in a two-hour case study discussing and reviewing auditor points-of-view from portions of False Assurance—a film by ICEAW. Participants will dive into this case study with Okorie Ramsey, 2017-18 CalCPA Education Foundation Board of Trustees president.
This two-hour session is offered live at CalCPA’s office in Burlingame or via webcast Oct. 11 and Nov. 8.
View the trailer and register »
By Soco Davenport
Much has been written about the benefits of a diverse workforce. For example, a survey of 300 senior executives of large corporations by Forbes Insight concluded that a “diverse and inclusive workforce is necessary to drive innovation, foster creativity and guide business strategies.” The report further states how a diverse workforce is “crucial for companies who want to attract and retain top talent.”
And accounting firms and other workplaces in California don’t need to look far to see that diversity. Consider these facts from the Census Bureau:
“Diversity is a business reality and necessary to be effective and competitive in this new global economy,” says Kathy Johnson, 2018-19 CalCPA chair. As CalCPA’s first African American chair, Johnson is embracing her unique position to “inspire young minorities to give them an opportunity to see themselves as a CPA and a leader in the largest state society of CPAs.”
Oct. 30: Chapter Golf Tournament
Info: Melissa Czepaniewski
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