October 2007 | East Bay Chapter Bulletin

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CHAPTER EVENTS

12th Annual Advanced Estate Planning Symposium

Hear the latest developments and tax law updates, including post-mortem trust administration checklist; generation-skipping trusts: allocation benefits and pitfalls; and discounting undivided interests in real property.
 
Speakers: Keith Schiller, JD; Robert Temmerman, JD; Michael Jones, CPA; Katherine Rauch, CPA; and David Eckstein, CFA.
Moderator: Anna Maria Galdieri
Date: Tuesday, Nov. 6
Time: 11:30 a.m. Registration and buffet lunch; Noon–5:15 p.m. Program
Location: Round Hill Country Club, Alamo
Cost: By Oct. 31: $110 (after Oct. 31: add $10)
RSVP: Online

Tax Night

Join us for a special event at the December chapter meeting, where we’ll discuss the 2007 Small Business Act.
 
Speaker: Gary McBride, JD, CPA, professor and director of the graduate tax program, California State University, East Bay
Date: Tuesday, Dec. 4
Time: 6 p.m./reception; 6:30 p.m./dinner
Location: Lafayette Park Hotel
Cost: By Nov. 27: $45 (after Nov. 27: add $10)
CPE: 1 hour
RSVP: Online

SVSJ Bay Area Regional Education (BARE)

Topic: GAAS Audits Under the New Risk Assessment Standards: An Overview This program is specially designed for CPAs who are currently involved with audits and concerned about transitioning from their current approach to applying the new standards.
 
Speakers: Daniel Dangel and Daniel Morris
Date: Friday, Oct. 26
Time: 8 a.m./registration; 8:30 a.m.– 4:30 p.m./program
Location: Holiday Inn; 1740 N. First St.; San Jose
Cost: By Oct. 21: $125/members; $175/nonmembers (after Oct. 21: add $15)
CPE: 8 hours (A&A, fraud)
RSVP: Online or contact chapter program associate Stephanie Stewart.

Peninsula Silicon Valley BARE Event

Topic: California Taxation for Individuals Understand how conformity issues affect the 540; learn how to report income/expense of multistate flow through entities; and understand residency requirements and how to prepare the part-year tax return.
 
Speaker: Kathleen K. Wright
Date: Monday, Nov. 5
Time: 8:30 a.m.–4:30 p.m.
Location: Crowne Plaza Foster City; 1221 Chess Drive; Foster City
Cost: $140/members; $190/nonmembers
CPE: 6.5 hours MCLE; 8 hours continuing professional education
RSVP: Online or contact Jane Dunbar,  Peninsula Silicon Valley Chapter program associate.

Personal Financial Planning

Topic: Accessing Home Equity with Reverse Mortgages and REX Agreements
Speakers: Celia Mason, JD, CSA, BWC Mortgages, and Jeff Cusack, managing director, REX & Co.
Date: Thursday, Oct. 18
Time: Noon–1:30 p.m.
Location: Massimo’s; Walnut Creek
CPE: 1 hour
RSVP: Online

South Bay Discussion Group Fall Series

Hear about relevant topics from excellent speakers at the South Bay Discussion Group meetings. Don’t miss out!
 
Topic: Eldercare Management Frees You to Do What You Do Best
Speaker: Roger Cormier
Date: Wednesday, Oct. 24
RSVP: Online
 
Topic: 6 Steps to Financial Planning
Speaker: Riley Etheridge
Date: Wednesday, Nov. 28
RSVP: Online
 
Topic: Overview of Compliance Strategy and Tax Gap
Speaker: Sheryl Parker
Date: Wednesday, Jan. 23, 2008
RSVP: Online
 
Time: Noon–1:30 p.m.
Location: Massimo’s, Fremont
Cost: $35/each session; $100/series

Chapter Board Meetings

Dates: Tuesdays: Nov. 6, Dec. 4 and Jan. 22
Info: Chapter Program Associate Soco Davenport
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SAVE THE DATES

BARE Eight-hour CPE Event

Topic: Tax, Bankruptcy and Financial Problems
Speaker: Arthur Werner
Date: Saturday, Jan. 19

Honorees Night (formerly Scholarship Night)

Date: Tuesday, Jan. 22

Tax Issues in Divorce Mini-Conference

Date: Wednesday, Jan. 23
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PRESIDENT’S MESSAGE

Upcoming Events

By Robert Anderson, CPA

Summer is behind us and the busy season is several months away. I am sure you are thinking the same thing I am: It’s time to fill my calendar with CalCPA events. What? You were thinking of going to a Raiders game?
   In September our chapter held our second annual business social event in Walnut Creek for CPAs, bankers, attorneys and others in the business community. We had another terrific turnout. This was followed by the annual golf event at Harding Park in San Francisco to support the scholarship fund. This event continues to grow in popularity and in generating contributions to the East Bay, San Francisco and Peninsula chapters’ scholarship funds.
   Speaking of scholarships, please direct any potential scholarship recipients to our website for applications. These applications will reviewed in the coming weeks to determine recipients. We are planning an extra-special celebration in January to honor the scholarship recipients and other chapter honorees.
   Speaking of the website, I encouraged everyone last month to check out the wealth of information at CalCPA’s website. Use the site to stay current on topics impacting CPAs in California. Spend some time with the list serves and download a podcast of interest (the young people in my office working with headphones all assure me they are listening to CalCPA podcasts. Hmmmmm). Stay current on legislative matters via the Legislative Update. View the resources available under Tech Resources and sort through and sign up for CPE classes and chapter events.
   Speaking of chapter events, here are three you do not want to miss:

• Low-cost Education Day: Saturday, Oct. 20 in Pleasant Hill. Topics include audit and accounting update, Windows Vista, Office 2007 and 1031 Exchanges. Speakers include Jim Sanders, John Levy and Scott Haislet.
• The 12th Annual Estate Planning Symposium: Tuesday, Nov. 6 at Round Hill Country Club. This afternoon event will include speakers Keith Schiller and one of our own members, Katherine Rauch.
• Our chapter dinner meeting: Tuesday, Dec. 4 at the Lafayette Park Hotel. Guest speaker will be Gary McBride of California State University East Bay, who will address current tax topics.

So there are three great events to attend, and I look forward to seeing you there.
   As always, I welcome your comments and suggestions. You can e-mail me or call (925) 296-1007.
   Have a terrific month, and I look forward to seeing you at our fall events.
—Robert Anderson, CPA
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CHAPTER NEWS

New Members

On behalf of the East Bay Chapter’s officers, directors and members, we extend our warmest of welcomes to our new members: Christina Peterson, Robert Ripley, Yanhong Xie... [see all new members]

Member Anniversaries

Low-cost Education: Tech, A&A, Tax and More

Join us for a full day of CPE that will feature updates on tax issues, tech developments and more. Check out the highlights:
   The morning will open with an Alice in Wonderland themed technology update: “Down the Rabbit Hole—A Brief Intro to the Changes Coming in Windows Vista and Office 2007” by Jim Sanders, co-chair of the CalCPA East Bay Chapter Technology Committee and a member of CalCPA’s Technology Committee.
   Following this presentation will be “A&A Update 2007: Surprises Coming Your Way” featuring guest speaker John Levy, chair of the CalCPA East Bay Chapter’s AP&AS Committee and a member of CalCPA’s AP&AS Committee.
   This presentation will highlight the existence, general purpose and scope of both current changes and those of the past decade, as well as review the current and pending definitions of GAAP and some related problems—with special focus on issues relevant to small, non-public businesses.
   Concluding the day will be CalCPA East Bay Chapter Secretary G. Scott Haislet, CPA and attorney, who will discuss 1031 exchanges and entity structures, emphasizing issues with limited liability corporations.
 
Date: Saturday, Oct. 20
Time: Morning session: 7:30 a.m./registration; 8 a.m./program; afternoon session: 12:30 p.m./registration; 1 p.m./program
Location: Zio Fraedo’s; Pleasant Hill
Cost: By Oct. 10: $70/members for either the morning or afternoon session; $125/both sessions (including lunch). After Oct. 10: add $25.
Note: CAP Cards accepted
RSVP:
Morning session: Online
Afternoon session: Online
Both sessions: Online
Note: All proceeds benefit the East Bay Chapter Scholarship Fund.

Scholarship Applications Being Accepted

It’s time to apply for the East Bay Chapter’s 2007–08 scholarships. During this past year the chapter awarded close to $20,000 to students attending East Bay colleges.
   The scholarship application deadline is Wednesday, Oct. 31. Selected applicants will be contacted for an interview and scholarships will be awarded at Honorees Night (formerly known as Scholarship Night Tuesday, Jan. 22.
   Thanks to our generous scholarship fund donors who make this possible. The chapter also matches any contribution $500 or more and awards a scholarship in the name of the donor.
   To make direct donations to the chapter’s scholarship fund, make checks payable to CalCPA Institute; East Bay Chapter and mail to: Attn: Soco Davenport; 1235 Radio Road; Redwood City, CA 94065.
   Download more information or call (925) 926-0189.
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CalCPA NEWS

Celebrating Women CPAs

Join us for a day of leadership development, professional growth and recognition as we celebrate California’s women CPAs and their tremendous contributions to the profession.
   Attend Celebrating Women CPAs and leave with:

• A clear vision of the ascent of women within the CPA profession;
• Social and professional connections to last a lifetime;
• Action steps to effect social change;
• Keys to excelling as a mentor; and
• Strategies and tactics for managing and resolving conflict.

   Confirmed notable speakers include California Assemblymember and CPA Fiona Ma and Judy Olian, dean of UCLA’s Anderson School of Management.
   Don’t miss this phenomenal event, Friday, Oct. 19, at the Intercontinental Hotel in Century City.
   Register online today or call (800) 922-5272.

Leaders Wanted: Become a CalCPA Officer or AICPA Council Member

You are the driving force behind one of the world’s largest economies. Isn’t it time you put your leadership skills to use for the betterment of the CPA profession?
   The CalCPA Nominations Committee is accepting nominations until Dec. 1 for 2008–09 CalCPA officers and council members at large. Officer positions include chair, first vice chair, treasurer and two vice chairs. Three council members at-large also will be elected.
   Members can apply for more than one office and will be considered only for the positions to which they apply. Download a nomination form, review job descriptions and ideal leadership characteristics.
   For more information, contact John Angelo or Nominations Committee Chair D. Paul Regan.

Another Way to Serve–AICPA Council

If you’re an AICPA member and interested in representing your peers on AICPA Council, let us know. The Nominations Committee will recommend candidates to AICPA Council, which establishes AICPA policies and procedures, and enacts resolutions that are binding on the board of directors, officers, committees and staff.
   If you’re interested, send a letter of intent and your professional and volunteer history to: Nominations Committee; c/o D. Paul Regan, chair; 330 N. Brand Blvd., Suite 710; Glendale, CA 91203.
   All letters must be received by 5 p.m. Dec. 1. The AICPA makes the final selections.
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RESOURCES:

East Bay Chapter Leadership