December 2007 | Silicon Valley San Jose Chapter Bulletin

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CHAPTER EVENTS

2008 Honorees Night

This is a special night when we honor those students and members of the accounting profession for their accomplishments and contributions.
   Last year we awarded more than $40,000 in scholarships to students from the nine community colleges in and around the Silicon Valley, along with awards to Santa Clara and San Jose State universities, California State University, Monterey and University of California Santa Cruz. Over the last nine years, we have awarded $200,000 to the best accounting students in our chapter.
   We will again present the Lifetime Achievement Award to an outstanding member of our community whose contributions have significantly changed our profession.
   So before we get buried in “the season,” come and enjoy a night of old and new friends.
Date: Wednesday, Jan. 23
Time: 5:30–8:30 p.m.
Location: Double Tree Hotel; 2050 Gateway Place; San Jose
RSVP: Online

AP&AS Committee: IT Risk Assessment for Audits

Speaker: Roy Maynard, CPA, Burr, Pilger & Mayer LLP
Date: Tuesday, Dec. 11
Time: 8–9 a.m.
Location: Abbott, Stringham & Lynch; 1550 Leigh Ave.; San Jose
Cost: Free
CPE: 1 hour
RSVP: Online

Upcoming AP&AS meetings:

Topic: Implementing the New SAS Risk Assessment Standards
Date: Tuesday, Jan. 8
RSVP: Online

Bay Area Regional Education (BARE)

Topic: Federal Taxation of Partnerships & LLCs: Operations & Allocations
Topics: California and federal tax compliance issues involving partnerships, LLCs and LLPs; partner/LLC member loss limits; partnership allocations under IRC Sec. 704(b); forward and reverse allocations involving built-in gain or loss property under IRC Sec.704(c); and allocations of liabilities.
Speaker: Gary McBride, JD, LLM, CPA, professor, Cal State East Bay
Date: Friday, Jan. 18
Location: SFSU Downtown Center
RSVP: Online

Topic: Tax, Bankruptcy and Financial Problems: What to Do When Bad Things Happen to Good Clients
Speaker: Arthur Werner, JD
Date: Saturday, Jan. 19
Time: 7:30 a.m./registration; 8 a.m.–4:30 p.m./program
Location: Waterfront Plaza Hotel; Oakland
CPE: 8 hours
Cost: $140/members; $190/nonmembers
RSVP: Online

CalCPA co-hosts Financial Women's Association Industry Leadership Series Event

Speaker: John B. Taylor, Professor of Economics, Stanford University, Senior Fellow, Hoover Institution.
As a member of the President’s Council of Economic Advisors from 2001-5, Taylor served as Under Secretary of the Treasury and head of the international division, playing a central role in the financial front of the war on terror. Prof. Taylor will share personal stories about the united efforts of extraordinary individuals from the world’s finance, banking, intelligence and diplomatic communities, all helping to protect the world against terrorist attacks.
Date: Tuesday, Jan. 8
Time: 6–8:00p.m.
Location: The Garden Court Hotel; 520 Cowper St.; Palo Alto
Cost: $45/FWA and CalCPA members; $65/nonmembers
For further details and registration, go to www.fwasf.org

Monterey Technology Luncheon: QuickBooks 2008 Update

Come hear a 2008 QuickBooks update featuring discussion about the Accountants Copy, Remote Access Vendor Account Prefill and Lacerte Smart mapping. This session is designed specifically for CPAs and their staff. Please do not invite clients.
Speaker: Ilene Eisen, CPA. CITP
Date: Thursday, Jan. 17
Time: Noon–1:30 p.m.
Location: Tarpy's Roadhouse; 2999 Monterey-Salinas Hwy.; Monterey
CPE: 1 hour
Cost: $25 (make check payable to CalCPA)
RSVP: Online or contact chapter program associate Stephanie Stewart
Info: Ilene Eisen
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PRESIDENT’S MESSAGE

Some Day Young Man (Woman) ...

By Roger Laux

... all of this will be yours.
   We had a great turnout recently at our chapter’s annual Attorney, Banker & CPAs (ABC) Fallfest, which, pending final audit of course, was a grand success. I expect that it should provide a significant addition to the chapter scholarship fund.
   Just prior to the Fallfest, we hosted a new-member orientation and invited all chapter members who joined in the past year. The purpose of the orientation was two-fold: to afford new members a chance to meet some of our chapter’s governing body and to enlighten them regarding the resources and opportunities that CalCPA has to offer.
   Many new members and a good representation of the chapter board and committee chairs were there. For many of these new members, it was the first CalCPA related function they had attended. It probably helped that all new members who attended could use a voucher they received as part of their new-member packet for admission into the ABC event following the orientation. You always get better attendance when you offer food. We did get positive feedback that the orientation was beneficial and gave those attending an appreciation that they are getting some bang for their buck by being a part of CalCPA.
   The rest of the evening was great. Some of us reminisced about joining Peat, Marwick back when pastel dress shirts were still practically avante gard as the white shirt rule had been relaxed. In those days, you wouldn’t dream of showing up at a client’s office in a sport coat and tie versus a suit and tie (where do you think you are son, at a country club?). Ah, well, those were the good old days. Reality hit recently when I observed a young woman at a client’s office with a tattoo on her back. She was one of the client’s external auditors from a regional firm. How can you tell the Christians from the lions, when they all dress alike? Anyway, I digress (again. Dang).
   There is a changing of the guard in process and there are a lot of new, young people coming into the profession. Looks like a great opportunity for us sage, old (er, I mean experienced) CPAs out there to reach out and do some mentoring. The new members may primarily be concerned with their near-term advancement opportunities and may not be thinking seriously enough about the foundations they are laying for the long term. There has been a tremendous example of mentoring set by Silicon Valley CPAs whose influence reached well beyond their professional horizons.
   Our chapter’s lifetime achievement award winners for the past three or four years are part of that group. So follow their example, pick a few fresh new accountants or two (tattoos and all) and take the opportunity to help round them out as great accountants and fine citizens. In addition to the obvious benefits for them, it may help to keep you young. A little osmosis never hurt anybody.
   Have a great holiday season. (Hey, is that an ear piercing I see there, buddy?)
—Roger Laux
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CHAPTER NEWS

New Members

On behalf of the Silicon Valley San Jose Chapter’s officers, directors and members, we extend our warmest of welcomes to our new members:

Member Anniversaries

One–Five Years
Emily Ah Sing, Thomas Archer, Anita Aroumougame, Pamela Arquelada, Thomas Austin, Amanda Ball, Catherine Barron, Elaine Cardiel, Jane Chik, Laura David, Mandolin Guerrero, Anna Hansen, Rachel Harrington, Ahmed Hernandez-Cervantes, Gregory Hock, Jason Hollrah, Helen Huang, Prerna Jagada, Thomas June, Mikiko Kaniike, Nicholas Kawar, Puneet Kedia, Marina Khayet, Charles Kirkham, Zhaohui Lacy, Celina Lam, Brian Lanks, Ka yi Lau, Cynthia Lazares, Donna Le, Randall Lee, Yang Li, Piper Magallanes, Rupesh Maheshwari, Aung Moe, Trisha Moore, LeRoy Neider, Bruce Pantzloff, Jennifer Preston, Steven Pyle, Xiangdong Qin, Alicia Santillan, Innocent Shumba, Shannon Silverman, Ableen Tai, Judy Tam, Janet Underwood, Victoria Velez, Michael Vizzusi, Kavita Vora, Ying Xie, Lili Zheng

Six–10 Years
David Andrews, Bret Scholl, Vivian Doan, Alyson Ho, Marc Cappelloni, Lisa Smith, Angela Siu

11–15 Years
Thomas Alsborg, Brian Baer, Scott Bryning, Dianne Conry, Christina Esquivel, Natalie Jessop, James Lucas, Jeffrey Perrone, Kenneth Reinke, Michael Ryder, Marcia Vukson, Douglas Waxler

16–20 Years
Rosali Adduci, Gregory Brown, Edward Davis, Michael Dutra, John Herrick, Surender Jindal, Stephanie Loose, Robert McCulloch, Dwight Neufeld, Norman Osumi, Todd Robinson, Frederick Round, Philip Taluban

21–30 Years
Noelle Allen, Scott Angel, Gregory Baba, David Buchanan, David Cohen, Mark Elstob, Kay Filler, Jan Gardiner, Kenneth Gerdesmeier, Karen Hahn, Frederick Harron, Richard Hulsker, Robert Hylle, Byron Ishiwata, Margaret Kaysen, Sharon Lagana, Steven Lam, William Lyon, Michael McCabe, Stephen Mingrone, Richard Munoz, Lynn Nixon, Deborah Prunty, Laura Rebholtz, Clark Savage, Michael Scarr, Timothy Takeda, William Witmer, Laura Worden, Ronald Zraick Jr.

31–40 Years
Sugu Aria, Janis Blakeslee, David Campbell, Michael Davis, Gary Exberger, John Farquhar, Margaret Guerrettaz, Steven Henderson, Gary Paris, Howard Trudeau, Alan Uyematsu

More than 40 Years
Richard Abbott, Louis Auerbach, Louis Boitano, Robert Dahl, Lewis Freetag, David Garman, Roderick Kobara, James Murphy

Interns Available

By Michael Gray, SVSJ Chapter past president

San Jose State University offers a master’s degree in accounting accelerated program that includes a break during tax season so students can work full time and get experience in accounting positions. I have been using interns since 1978, and this is a great way to get temporary help during tax season, screen potential future employees and help emerging professionals build enthusiasm for our profession.
   If you’re interested in offering an internship to these students, contact Tom Moschetti at (408) 924-3492 or e-mail him.
   Chapter program associate Stephanie Stewart has a collection of résumés from Santa Clara University students who are seeking internships. For details, call Stephanie at (408) 983-1122.
   Job listings for San Jose State University students can be posted online. The SJSU career center telephone number is (408) 924-6034. Job listings for Santa Clara University students can be posted online or call the university’s career center at (408) 554-4420.
   And lastly, CalCPA student members can post résumés online for free for 30 days. Visit CalCPA’s classifieds and click on “situations wanted.” Employers can see the resumes posted by students at no charge at www.calcpa.org.

Board of Directors Nominations

Chapter members may nominate a candidate for chapter director. Candidates must be a licensed CPA and a member in good standing. Please submit nominations—by Dec. 15—to chapter program associate Stephanie Stewart.

A Season of Giving: Charitable Contributions

During this time of the year many of you donate to your favorite organization to touch lives and build futures. Please consider giving back to the profession. Make a direct year-end donation to the chapter’s scholarship fund. Download a contribution flier.

Meet the Board: Phil Hulme

Phil Hulme is a senior investment adviser for Presidio Exchange Advisors, specializing in tenant-in-common replacement properties for 1031 exchange investors, though he started out washing dishes at Jolly Hot Dogs at age 14. He majored in accounting at San Jose State University and decided to become a CPA while serving an internship at Pricewaterhouse Coopers.
   He realized his first career ambition of being self-employed after he left PWC by building his own practice, which he later merged with Ruzzo, Scholl and Murphy. Along with his CPA license, Hulme has a real estate license and securities registrations.
   Hulme’s hero is Richard Branson because he’s inspired by entrepreneurship and people with the inspiration and drive to excel. Hulme says people describe him as “having a wide range of interests, someone who works hard, plays hard and is a dedicated father.” He wants to be remembered for supporting his children in their ambitions and giving them well-rounded experiences in life.
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CalCPA NEWS

CalCPA Member Discounts on CCH Tax Guidebooks

CalCPA members can order CCH’s U.S. Master Tax Guide 2008 and the Guidebook to California Taxes 2008 at significantly discounted rates:

2008 U.S. Master Tax Guide (Expected ship date, late-December 2007): $41/members; $61/nonmembers.

2008 Guidebook to California Taxes (Expected ship date, late-January 2008): $39/members; $59/nonmembers.

Order today.
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RESOURCES:

Silicon Valley San Jose Chapter Leadership