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Hot Topics

CalCPA BUZZ: Discover Your Leadership Style

Posted by Damien English on August 16, 2016 at 1:08 PM

Discuss, analyze, reflect and build your leadership skills through this program, during which you’ll learn leadership fundamentals and identify personal leadership styles, as well as gain insight on strategic planning, goal setting and client management, among other topics.

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Topics: CalCPA Buzz

California CPA Firms Among Nation's Best

Posted by Aldo Maragoni on August 10, 2016 at 10:53 AM

We've known California is home to many great CPA firms—and now 10 have been recognized by Accounting Today on its 2016 list of Best Firms to Work For.

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Topics: Firm News

CalCPA BUZZ: California Competes Tax Credit

Posted by Damien English on August 2, 2016 at 12:24 PM

The California Competes Tax Credit is an income or franchise tax credit available to businesses that relocate to California or stay and expand in California. For the first application period, $75 million will be available for allocation. Applications for the credit will be accepted online until Aug. 22.

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Topics: Buzz

Do Your Work Surroundings Affect Your Morale?

Posted by Bill Spaniel on August 1, 2016 at 10:30 AM
Are "cubicle farms" harming morale and lowering productivity of office workers? That's the claim of a study I just read about. So what else is new? Over my more than 40 years off and on as a corporate employee, I must have read similar articles at least once every five years. You probably can find similar studies that show that employees in enclosed offices have morale and productivity issues, as do employees who telecommute and employees who work in open offices (i.e., no walls or cubicles separating desk workers).

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Topics: employee morale, productivity

Planting the Giving Tree Seed

Posted by Damien English on August 1, 2016 at 10:00 AM

When I was a lad (am I really old enough to say that?), I attended St. Ignatius College Preparatory High School in San Francisco’s Sunset District. I was not raised religious in my home, but my parents stood by the idea that private schooling would provide me a better education and left me to make up my own mind regarding religion when I hit the age of 18. I will leave the religion discussion for another time, but attending private schools such as S.I. did instill in me one thing: the value of volunteer work. 

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Topics: California CPA

CalCPA BUZZ: Time Winding Down—Have You Renewed?

Posted by Damien English on July 19, 2016 at 12:49 PM

Renew today and continue to take advantage of the advocacy for the profession, connections with your professional peers and discounted CPE.

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Topics: CalCPA Buzz

Eye on Engagement

Posted by Aldo Maragoni on July 7, 2016 at 3:00 PM

This month’s issue of California CPA takes you behind the license to get to know 2016-17 CalCPA Chair Andy Mintzer, whose focus and determination over the years has allowed him to achieve more than most people in less time.

His profile, written by managing editor Damien English, details how Mintzer graduated from high school at 16; was a college grad at 19; and earned a graduate degree and CPA license by 20—which made him the youngest CPA in Florida at that time.

If that’s not enough, he was at the forefront in developing one of the more interesting (to me) aspects of accounting: Forensics, which epitomizes the phrase, “Follow the money.”

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Topics: California CPA

CalCPA BUZZ: CalCPA Leadership Institute—Find Your Leader Within

Posted by Damien English on July 5, 2016 at 1:55 PM

Discuss, analyze, reflect and build your leadership skills through this program, during which you’ll learn leadership fundamentals and identify personal leadership styles, as well as gain insight on strategic planning, goal setting and client management, among other topics.

CalCPA Leadership Institute will be held Nov. 3-4 (San Diego), Dec. 6-7 (San Jose) and Jan. 30-31 (Sacramento).

Interested? Grab more information and an application—due Aug. 29— online.

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Topics: Buzz

Benefits of Taking a World War, Presidential, Civil Rights Tour

Posted by Bill Spaniel on July 5, 2016 at 1:35 PM

Have you taken a vacation lately? I just got back from a two-week vacation primarily along the banks of the Mississippi and Missouri rivers. According to articles I¹ve read, about 40 percent of Americans who have vacation time do not make use of it. Excuses range from being afraid that they¹ll be looked upon as replaceable if they take off to worries that they¹ll return to a mountain of work.

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Topics: World War Tour, Civil Rights Tour, Presidential Tour

2016 Entertainment Accountant of the Year

Posted by CalCPA Education Foundation on June 21, 2016 at 1:50 PM

Michael David Karlin
Nigro Karlin Segal Feldstein & Bolno, LLC


For more than 30 years, Michael D. Karlin and his firm NKSFB have been pioneers and leaders in entertainment industry management and accounting.

Michael Karlin is a founding partner of entertainment management and accounting powerhouse NKSFB, along with co-founders Fred Nigro and Mickey Segal (also a 2016 nominee). He is responsible for managing the business and financial affairs of the firm’s high income and high net worth clients across the entertainment industry.

“We represent independent producers, executives, directors and talent in the television and motion picture industry,” Karlin notes. “We have a significant music practice representing performing artists, songwriters, producers and executives in the music business. And we have a professional sports practice which represents professional athletes at every stage of their career, including many clients that become successful broadcasters.”

Karlin was one of three nominees selected by the CalCPA membership for the 2016 Entertainment Accountant of the Year honor (along with fellow NKSFB founder Mark Segal and entertainment auditor Steve Stills). The final selection for this top honor was made by a CalCPA special awards committee and announced at the 2016 Entertainment Industry Conference on Wednesday, June 15, at the Beverly Hills Wilshire Hotel.

Rapid changes in taxation, technology and globalization in entertainment were major themes of the 2016 Entertainment Industry conference. Karlin, a successful, decades-long veteran of the fast-changing entertainment world, added his own valuable insights into today’s entertainment challenges.

Karlin: Revenue Streams Are Changing

“Basically, there’s a changing landscape in the entertainment industry caused by the distribution of content via the internet,” Karlin notes. “Deals are completely different today and the economics of deals are completely different than they were a decade ago. You need to be knowledgeable about the different technologies, the different distribution platforms and the resulting economics.

“For example, if you represent a film producer who has a participation in a film—and of course participations vary widely by their definition—we’re seeing a declining DVD and physical goods market that’s being replaced with downloading and streaming video-on- demand. Generally the amount paid to the producer per download or streaming could be substantially less … unless you’re fortunate enough to represent superstar talent, your clients are working a lot harder for less.”

Karlin: Managing Worldwide Talent and Taxes 

Karlin also offered his insights on the impact of globalization on management and accounting for entertainment talent.

“When you’re representing international talent performing in the United States, you have to be intimately familiar with the residency rules because these clients can unknowingly become a U.S. tax resident just by virtue of the time spent in the United States. If they’re a Green Card holder, there’s a presumption that they’re a U.S. tax resident. The United States, unlike any other country, taxes worldwide income.”

Karlin also saw new challenges in representing U.S. talent working internationally.

“There are much tighter compliance requirements. Foreign jurisdictions have stepped up the compliance because they realize they were missing opportunities. Now we’re seeing more and more foreign territories having active tax compliance requirements. Many times you have to consider filing in advance for tax mitigation.”

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Topics: Insider, Conferences, Awards, Profile, Entertainment

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