Menlo College is Represented at CPA Day in Sacramento

Menlo College is Represented at CPA Day in Sacramento

Rielle Dopke and Ashleigh Nelin spent two days in Sacramento representing Menlo College at CPA Day at the Capital. CPA Day is an annual event sponsored by CalCPA that gives CPAs an opportunity to meet with elected representatives to discuss the vital role CPAs play in their local communities, as well as in the California business community as a whole.

Rielle noted that her favorite part of CPA Day was learning about how connected accountants are to politics. “There are so many regulating rules for the accounting profession!” Ashleigh said that her reaction was similar to Rielle’s, “discovering how much government plays in the rules of the accounting profession.”

Rielle, a junior at Menlo College, is a CalCPA campus ambassador, who will be interning this summer with the Big Four auditor PricewaterhouseCoopers (PwC).  Ashleigh is a sophomore who plans to try out a summer day program such as PwC’s Elevate that offers selective programs for college students interested in learning about a career in the field of accounting. Both students are on the Menlo College women’s soccer team.

In Sacramento, they met with legislators, attended the state CalCPA meeting and networked with other accounting students from around the state. The focus of the meetings included three issues that would impact accountants.

  1. The State bill SB8 sets taxes on preparers’ services. The bill, referred to as the “Upward Mobility Act” would subject accounting (including tax preparation), architecture, legal services, insurance policies, real estate sales commissions, hair styling, landscape maintenance and other services to sales tax.
  2. The Joint Sunset Review Committee overlooks and regulates accountants in the government. It is comprised of 5 Assembly members and 5 Senators from the California Legislature who review state government for efficiency and effectiveness. A “sunset review” is an assessment of whether a state agency is necessary, effective, and efficient.
  3. Financial Literacy Initiatives which bring the community and government together in education programs that enrich individual personal finance skills and provide assistance such as the Volunteer Income Tax Assistance (VITA) program.

The students’ expenses were covered through the continued generosity of CalCPA, Peninsula/Silicon Valley Chapter.