14 Q & A with the CBA

We recently spoke with CalCPA member and CBA President Joseph Rosenbaum , CPA about his experiences , what CPA professionals can expect to see from the CBA this year and the importance of giving back to the profession .

10 A New Era

The accounting profession has experienced a profound transformation that goes well beyond AI and the allure of private equity to one characterized by connections and what makes up a fulfilling , meaningful life . AMBER SETTER , PCC , CPA ( INACTIVE )

12 Gifting and Letting Go

Making gifts to loved ones is arguably one of the most fraught wealth management decisions . But providing wealth to loved ones should be a gift , not simply a transfer of assets . JUSTIN MILLER , J . D ., CFP

17 The Tax Affecting Debate

When the U . S . Tax Court published its most recent ruling addressing tax affecting S corporations , many business valuation publications and taxpayer advocates applauded the result . But was tax affecting S corporations even an issue in the case ? JARED TONKS , CPA , ABV , CFF

20 Reality vs . Perception

Here are some ideas to engage your teams and create an environment where young — and future — accountants want to work . ERIN DAIBER , CPA & CHRIS VANOVER

3 It ’ s Material 9 FedTax : ERC Voluntary Disclosure 22 Trust Distributions and Elections 24 Capitol Beat magazine . calcpa . org Volume 92 , No . 8 , March / April 2024

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2 CALIFORNIA CPA MARCH / APRIL 2024 www . calcpa . org