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Other Comprehensive Basis of Accounting Fundamentals | 4152308D

July 1, 2015
Sacramento Area
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President's Message

Happy New Year!

January 5, 2017

By David W. Taklender

 Happy New Year to all of our CalCPA members and their families! I hope you all had a wonderful holiday break and created some memories in the process. We had a fantastic holiday party at Club M and I want to thank everyone who attended and made the event a great success.

Congratulations again to the 2016 scholarship winners and a huge debt of gratitude to First Lieutenant Canelli and the USMC for their service and for bringing the Toys for Tots program to our holiday party every year.

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Chapter News


Post-Tax Day Golf Invitational

It’s that time of year again! On your mark, get set, sign up for the 3rd annual Post-Tax Day “Get a Grip” Golf Outing, taking place at noon, April 19 at Riverwalk.   

LevitZacks and Hearthstone are back as lead sponsors along with CalCPA and we’d love for you to join us as we celebrate the end of another tax season.  Our outing is super fun and laid back. Whether you’re an avid golfer or completely new to golf, it’s no big deal either way.  Another “plus”: this outing is quick. Last year we finished the “scramble” format round in about four hours. Pretty much unheard of in the golf world!  

If you are in, REGISTER TODAY!  Early Bird Pricing is only available for the first 36 players! And, registrations are limited.
 
You can expect a rollicking good time with fellow professionals, including CPA’s, EA’s, attorneys, financial advisors, bankers, risk professionals and others while also enjoying 18 holes of golf at beautiful Riverwalk Golf Course.
 
Hope to see you in April!
 
Bryan Carpenter
LevitZacks & Incoming CalCPA San Diego Chapter President
 

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Mentor Moments!

Are you pursuing licensure? Are you new to the profession? Are you transitioning in your career? Need some advice or a safe sounding board? Take advantage of a free mentoring session (15-20 minutes) with an experienced CPA offered through the local chapter to members. Questions? Call Kay Coffin at (559) 876-3800 or send an email.


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CalCPA News


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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CalCPA Service Awards Nominations Close March 31

Before March is done, nominate an outstanding member or firm for:

  • Public Service Award: Given to a CPA who has been especially active in service to the profession and community. 
  • Public Service Award for Firms: Aims to recognize firms for their public service contributions on the local, state or national level.
  • Distinguished Service Award: 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. 


Careers in Forensic Accounting – April 20

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. Understand what it takes to excel as a forensic accountant.

Register for the live event or webcast today!

Download the flier.

For questions or more information about student membership, email  David Lo.

Accounting & Auditing Update
View the promo video


WLF


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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