Sacramento Chapter
A blog for and by a community of professionals
President's Message
January 20, 2012
By Anjela DeRosa
The young accounting graduate, fresh out of university and knowing everything, applied for his first job. The prospective employer asked him what starting salary he was expecting. “Oh … around $100,000 a year, depending on the benefits package,” he replied. “Well, how does this sound?,” the prospective employer said. “Five weeks annual leave, 22.5 percent superannuation, paid expenses to overseas conferences every year, home telephone reimbursed and a company car—say a Mercedes convertible—replaced every 15,000.” The graduate sat up, tried not to look excited and asked, “Wow. Are you kidding?” “Yeah. But you started it.”
For some of us, this is our first busy season. To our veterans, remember to check with our rising stars to ensure the smooth transition into the wonderful world of limitless charge hours. Remind them about endlessly fulfilling the sense of self-gratification from the amount of work that can be done between 6 a.m. and 9 p.m. The power of arriving at work before the sunrise and leaving way after the sunset! Assure them that before they know it, they will crave the adrenaline rush associated with our busy seasons and they will wait eagerly for this magical time of the year. Repeat to yourself, “I am measured by the success of the rising stars behind me—together we can move mountains.”
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Chapter News
Our legislative successes last year were won with a lot of effort by CalCPA and its members. We need to continue to build and develop relationships with our state senators and assembly members. To continue to effectively represent the profession going forward, we need to strengthen these relationships and build new ones. Term limits make this process that much more important.
Do you personally know your senator or assembly member or one of their staff? Would you like to get involved in future grassroots government relations effort and help CalCPA and the profession? We are not asking for a major time commitment, send a couple of e-mails during the year and make an occasional visit to a district office with fellow CalCPA members. Please contact Patrick Rogan or our chapter program associate Dana Agosti.
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Did you know that our scholarship applications can be completed online? If you are a university student or know a deserving university student, be sure to check it out. The deadline for four-year, master’s students and students eligible to sit for the CPA Exam to apply is Sept. 30.
The Scholarship Award Committee will meet in October and awards will be distributed at our Annual Student Luncheon in November.
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Our fourth annual ABC Night Mixer is an opportunity for attorneys, bankers, CPAs and other financial professionals to mingle and create new relationships or rekindle old acquaintances. It is anticipated that there will be 350–400 attendees!
Take advantage of this great networking opportunity—and help our chapter’s scholarship fund.
Register today as previous ABC Nights have sold out!
Date: Wednesday, Feb. 1
Time: 5:30-8:30 p.m.
Location: Sutter Club
Cost (includes hosted bar and hors d’oeuvres): $60/members; $75/at the door (if space available)
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The chapter’s new Business and Industry Interest Group meetings focus on timely topics and how the group can best serve business and industry members.
Our January meeting featured guest speaker Jolene Fraser from Ueltzen & Company, who discussed “How Fraud-Proof is Your Company?” Previous meetings included a meet-and-greet and a discussion on “Making Sense of Today’s Market.”
Come join us and let us know how we can better serve you.
Next meeting: Wednesday, March 14
Location: Piatti; 571 Pavilions Lane; Sacramento
Info: Chapter program associate Dana Agosti
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We had a great year with our meetings, but the committee will be taking a break during the traditional busy season. We look forward to reconvening in May.
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CalCPA News
New this year, the U.S. Master Tax Guide and Guidebook to California Taxes will be available in ebook format, so reserve your copy today.
The U.S. Master Tax Guide provides helpful and practical guidance on today’s federal tax law that reflects all pertinent federal taxation changes that affect 2011 returns, and provides fast and reliable answers to tax questions affecting individuals and business income tax.
The Guidebook to California Taxes is a source for quick reference to all taxes levied by the state, including personal and corporate income, property taxes, and inheritance and gift, sales and use. This edition also reflects significant new legislation, regulations, court decisions and California Board of Equalization through press time in December.
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Each year, CalCPA recognizes those members who have gone above and beyond the call of duty by awarding the Public Service and Distinguished Service awards, as well as the Public Service Award for Firms. If you know anyone or any firm fitting the bill, share the news with us.
Review the qualifications and download nomination forms online. The nomination deadline for all awards is March 30.
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From tips on how to best navigate the IRS to staying on top of the new return preparer regulations to who to contact with questions, the 2012 IRS Filing Season Letter provides a wealth of resources.
Download your copy today and keep it nearby as you go through this busy season.
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