CalCPA Highlight November 2022

November 2022

CHAPTER LEADERSHIP

As a member of CalCPA, you know the value of being aligned with the largest and strongest state CPA association. Now is the perfect time to take your participation one step further into a leadership role. Contact your program manager for more information.

DIVERSITY, EQUITY & INCLUSION

The AICPA hosted its 2022 Accounting Pipeline and Diversity Symposium in conjunction with their Accounting Scholars Leadership Workshop on October 12-13 at the Wigwam Resort in Litchfield Park, Arizona. The Symposium provided a platform for professionals from organizations, universities and state societies to collaborate, explore best practices, and identify ways to overcome obstacles in filling the accounting pipeline with diverse students and professionals.

This was a great opportunity for students and practitioners to meet, build relationships and perhaps become a mentor or a mentee. Cheryl Smith attended this year on behalf of the CalCPA Institute Team.

If your firm is interested in participating in our ongoing student outreach initiatives, please contact Collin Stephens, Manager of DE&I, Pipeline and Engagement.

Pride Event in Palm Springs
CalCPA will participate in Palm Springs Pride the weekend of November 4-6. If you would like to join the cause in bringing pride to accounting, contact Collin Stephens for more information.

GOVERNMENT RELATIONS

PTET Cleanup
Late last month, Governor Newsom signed Senate Bill 851 into law, proving a technical modification to correct an oversight in the drafting of California’s elective pass-through entity tax (PTET) framework. Specifically, SB 851 clarifies the interplay of credits derived from the PTET with existing taxpayer credits resulting from the other state tax credit (OSTC). This clarification is necessary to ensure that the PTET effectively provides meaningful tax relief as the Legislature and the Administration intended.

Since adopting the PTET framework, CalCPA and its members have provided a unique perspective to the legislature and the FTB from their experiences working with clients of all sizes to evaluate and apply the PTET framework. With this knowledge, we have sought ways to refine the PTET and build on the work of the legislature and the administration to provide relief to taxpayers and small businesses across the state. SB 851 aligns with these efforts and takes an essential step in ensuring an effective and administrable PTET framework.

Get the Inside Scoop on the Midterm Elections
Jason Fox, CalCPA’s Vice President of Government Relations, will host a panel of political insiders to provide pre-and post-election punditry ahead of the 2022 General Election.

On Nov. 21, tune into The CalCPA Capitol Beat: 2022 General Election Review and Analysis webcast, where the panel will review the election results and provide their analysis. This panel discussion will help you make sense of the results and the political landscape going forward, from the congressional races on the federal level to California legislative races and ballot initiatives. Register online for this webcast at no cost to CalCPA members.

INSTITUTE

Community College to CPA
This fall, CalCPA continues its work in the community college space via:

Nov. 14: From Community College to CPA at Saddleback College | Webcast to Community College Students Statewide

If your chapter is interested in hosting a Community College to CPA program, please contact David Lo, Senior Manager of DE&I, Pipeline and Engagement.

CalCPA Chair Shares Why CPAs are the #CoolestProfessionAround
CalCPA Chair Ty Dennis recently spoke to more than 150 students at Alhambra High School on why the #CoolestProfessionAround is being a CPA. Ty shared her journey to becoming a CPA and a leader in the profession.

Students were also provided with CalCPA swag and CPA career brochures. Special thanks to AHS teacher Larry Ambriz for his passion and enthusiasm in bringing CPA career information to his students.

The Institute team is actively planning with Larry on a CalCPA-sponsored spring field trip to a public accounting firm, providing more exposure to the accounting profession for high school students.

Industry Influencer Program
The Industry Influencer Program, (formerly Campus Ambassador), is in full swing and off to a great start. Students from all over California and from every chapter are currently serving in the Influencer role, promoting CalCPA on campus and providing a voice for students.

MEMBERSHIP, MARKETING & COMMUNICATIONS

Serving members is of the utmost importance to the CalCPA team. One way to improve the membership renewal process for firms is through firm billing. If you are at a firm (or another organization) with multiple members and would prefer to manage renewals through a single invoice, reach out to Denise Bethel (619) 788-8555 for more details.

Rise & Stride Podcast
Be sure to check out CalCPA’s podcast, Rise & Stride, as CalCPA CEO Denise Froemming interviews various leaders to help empower listeners to take their next step in an ever-changing business landscape.

Guests have included NABA CEO Guylaine Saint Juste; CBA President and CalCPA member Michael Savoy; CalCPA member Shannon Nash, CEO of Wing; CalChamber CEO Jennifer Barrera; and CalPERS Managing Director James Andrus.

Find Rise & Stride on your favorite podcast platforms, including Apple, Spotify and Amazon, or listen here.

Firm Engagement and Business Development
The Firm Engagement team has had fun visiting CalCPA’s Top 150 Firms and surprising them in person with award letters, window clings and gifts! If you know of a firm that is on the Top 150 list that has not been reached yet, please feel free to reach out to Denise Bethel.

ADVERTISING AND SPONSORSHIPS

CalCPA is pleased to acknowledge the following sponsors of in-person conferences to be held at the Hilton Universal City in Los Angeles in November:

A&A Conference (Nov. 15-16)
Paychex (Gold); Mercury Insurance (Silver)
International Tax Conference (Nov. 17)
CPACharge (Platinum); Drake Software, Sagemark and Capital Square (Silver)
Real Estate Conference (Nov. 17)
Capstan Tax (Gold); MNM Partners (Silver); First Republic Bank (Bronze) and First American Exchange, Inc (Lanyards)

Planning for the 2023 Women’s Leadership Conference is in full swing! Set for April 27-28 at the Ameswell Hotel in Mountain View, CA, this popular event promises to be more exciting than ever with new informative sessions and holistic experiences. Sponsors and partners are welcome for this well-attended event.

If you know any organizations that would be interested in sharing their expertise, products or services at the above conferences, please contact Leslie Cunningham.

MEMBER COMPETENCY & LEARNING

PARTNERSHIPS

CalCPA is excited to partner with two California organizations, UCLA Extension and San Jose State University Tax Institute, to host the virtual broadcast of their conferences and provide great content to members.

UCLA Extension 38th Annual Tax Controversy Institute | Nov. 14
This one-day conference brings together sophisticated tax practitioners from the federal government, judiciary, and private practice to discuss and debate the procedures, policies, and strategies that are involved in resolving difficult tax controversy issues. Sessions will be structured around extremely high-quality practical presentations by sophisticated government and private practitioners from throughout the country who enjoy an open discussion of sometimes sensitive practice issues with the audience.

38th Annual TEI-SJSU High-Tech Tax Institute | Nov. 29–30
The 38th Annual TEI-SJSU High Tech Tax Institute is a two-day conference held each November. Leading-edge topics relevant to high-tech companies and their tax professionals are addressed by nationally and internationally recognized practitioners and government representatives who have practical experience in implementation. The learning opportunities make the annual TEI-SJSU High Tech Tax Institute an invaluable educational tax experience for accountants, attorneys, and corporate representatives who serve high-technology businesses of all sizes and types.

STATE COMMITTEES/SECTIONS

State Committee Application | 2023-24
The state committee application process opened on October 1, with all submissions due by December 31, 2022. Committee appointments will be made in Jan/Feb. 2023 with terms beginning on May 1. You can apply here.

Please note: The application is for at-large state committee membership. Chapter representatives do not need to complete an application unless they would like to apply to other state committees.

Personal Financial Planning (PFP)
The Personal Financial Planning (PFP) state committee offers free monthly presentations on the third Tuesday of every month. Past presentations are recorded and posted (along with the materials) on calcpa.org/pfp.

Register | Nov. 15: Ask a PFS – A Panel Discussion
Register | Dec. 13: 2022 Recap and 2023 Outlook of the Investment Market

Forensic Services Section (FSS)
Forensic Services Section (FSS) The Forensic Services Section Steering Committee application period is open from now through Dec. 31. You can apply here.

Jan. 12: FSS Young and Emerging Professionals (YEP): First Impressions and Managing Up (Free for FSS members)

The Forensic Expert Leadership Program is designed to help forensic accounting professionals expand their practice and prepare for career development as testifying experts through interactive components such as the opportunity to practice testimony on video, get analyzed by a body language specialist, and participate in a mock trial with a judicial representative. The program consists of five days across two sessions and is limited to 20 forensic accounting professionals with at least three years of experience.

2023 Program Dates/Locations:
Session 1: Sept. 14-15 in Irvine
Session 2: Oct. 5-7 in San Diego

Management of an Accounting Practice (MAP)
The MAP Committee held its in-person annual fall meeting on Sept. 21 to discuss how it will continue to provide relevant information to members. During the meeting, the committee strategized its future by enhancing its charter statement. Through a series of engaging and intentional brainstorming activities, the committee reimagined new ways of providing value to its members. The committee will finalize its charter in January and establish a roadmap to achieve these new initiatives.

NOMINATIONS

Applications for the 2023-24 CalCPA Board of Directors and Council-At-Large, AICPA Council and CalCPA Education Foundation Board of Trustees are now open.

Are you or someone you know interested in being a strong and passionate leader in CalCPA or the Education Foundation? CalCPA provides strategic, skilled, ambitious and forward-thinking professionals—like you—the opportunities to help you develop and refine critical leadership skills, and a platform to showcase them.

Continue putting your leadership skills to use for the betterment of the CPA profession and CalCPA; consider reviewing this year’s nomination and leadership information.

How to be a Leader in CalCPA
All nomination applications must be submitted electronically no later than Dec. 2, 2022. To apply, please visit the application link.

Please direct any questions or issues regarding your nomination application to:

Emily Ku
Cheryl Smith - for CalCPA Education Foundation