Category: Event-EN

CACPAA Held International Tax Law CPE Webinar

Post author By Charlie Chen
Post date August 23, 2020

The Chinese-American CPA Association (CACPAA)sponsored a CPE seminar on international tax law on August 22, 2020. The seminar was fully booked before it even started. The lecture was conducted by two experts on the following topics to help us serve our clients better.

Topic: Foreign Bank and Financial Account (FBAR) & Global Intangible Low-Taxes Income (GILTI)

**Rufus Rhoades, Esq.**
International Tax Attorney

Attorney Rufus Rhoades has been involved in all aspects of federal and state income tax matters, including working with the IRS and the California Franchise Tax Board on various issues, as well as tax planning on various transactions. Rufus Rhoades graduated from Stanford University Law School. Rufus Rhoades is the co-author of Rhoades & Langer’s “United States International Taxation and Tax Treaties”, which is published by Matthew Bender, New York State. It has 6 volumes and is revised 4 times a year. His law firm is in a leading position in this field and covers all aspects of U.S. foreign taxation, including taxes on Americans operating in the United States, U.S. taxes on non-resident aliens and foreign companies, U.S. companies operating overseas, and U.S. foreign Analysis and reproduction of employees, foreign exchange transactions, foreign tax credit rules, transfer pricing, foreign restructuring, and all U.S. income tax treaties.

Mr. Rhoades focused on the update of the Report of Foreign Bank and Financial Account (FBAR) under the Bank Secrecy Act, and explained in detail the tax key points of Global Intangible Low-Taxes Income (GILTI). For more information on International Tax Law, visit: https://rufustaxlaw.com/

Topic: International Estate and Gift Planning

**Dennis Huang Esq.**
Squire Patton Boggs Principal

Attorney Dennis Huang is the principal of Squire Patton Boggs. Dennis specializes in real estate planning and management, international taxation and wealth management, family office structure, corporate inheritance, company formation, and charitable trust planning. He works with clients to protect their current assets and achieve peace of mind through personalized estate plans. His business consists of both domestic and international planning, helping non-American families develop plans and structures to pass their wealth to the next generation. He also helps families navigating the U.S. probate court system and manage trust plans when a loved one dies or becomes disabled. For more information on this topic, visit https://www.squirepattonboggs.com/en

More info on Dennis Huang Esq

CACPAA provided 2 hours of CPE credits to all the audience attending this lecture. If you are interested in this type of lecture, please contact us for notification of future events!

CACPAA Introduction

The members of the association not only possess solid professional knowledge but are also fluent bilinguals in Chinese and English. Many members are also very active celebrities in multiple communities in the Los Angeles region. CACPAA can be described as a diverse professional elite team.

CACPAA has organized several professional lectures and seminars to provide free tax services to the community. The association has also established good relationships with governments, chambers of commerce and accountants associations in other regions, allowing the outside world to learn more about Southern California’s professional talents, and also helping members to get in touch with more international projects, opening up another window to the outside world for Southern Californians. With the concerted efforts of professionals in various fields, CACPAA is playing an integral role in the increasingly frequent international trades, and it will surely become an indispensable bridge for communication between people from all around the world and people of the Southern California region of the United States.

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2020 Webinar with Experts on Covid-19 Topics

Post author By Charlie Chen
Post date July 25, 2020

This article is a translated reprint of： Chinese News USA

The Chinese American CPA Association (hereinafter as CACPAA) held a webinar with respected experts from different fields to discuss some the hottest topics under Covid-19 Epidemic on Saturday, July 25, 4:00-6:00 PM, Los Angeles time, that is, Sunday, July 26, 7:00-9:00 AM, China time. Cloud lectures attracted more than 400 listeners to participate online.

Under the circumstances that the current epidemic situation prolongs, CACPAA responded with great flexibility, inviting experts and scholars from various industries to give you rich and wonderful speeches on many topics that everyone cares about: such as how companies can survive the market downturn; How do international students protect themselves in the predicament of the epidemic; how to prevent and treat Covid-19; the problems encountered by companies in applying for PPP loans; Whether the companies are the most affected by the rising tax rate; and tax issues concerning cash gifts for new and old immigrants studying abroad, etc.

Association president Jeff Huang CPA, Vice president Mary Lin, Secretary Chen Huang, welcomed listeners to come with questions, provided live Q&A session, and also gave out cash prizes to several audiences who successfully answer the bonus questions.

Jeff Huang, the newly-elected president of CACPAA, said that as a professional association that has gathered together a large crowd of industry elites, it hopes to serve the community and benefit the society by holding free lectures like this one.

This lecture took the form of an online video conference to facilitate public participation under the pandenmic. The topics of the lectures are what everyone is most concerned about at this moment, explained by industry experts.

President Jeff Huang also mentioned that the Chinese American CPA Association will regularly launch large-scale professional lectures, and he hopes everyone will continue to give interest and participate in them. Any accountants, lawyers, investment and financial professionals, insurance, real estate, education, and other industries elites are also welcome to join the association to develop the Association and community together.

Director of the CACPAA, life member of the MDRT
**Diane Chen**

This event was hosted by Ms. Diane Chen, a director of the Chinese American CPA Association and a top member/life member of the Million Dollar Round Table Association (MDRT).

President Jeff Huang and Director Diane Chen Gave an Opening Speech

Studying in the U.S., Gift, Cash Tax Issues

CPA/CAA, Founding President of the Chinese American CPA Association **Howard Li**

CPA and founding President of the Chinese American CPA Association Howard Li kicked off the event with his lecture: “Studying in the U.S., Gift, Cash Tax Issues“

CPA howard Li started his analysis by looking at the definition of “US tax resident” and detailing the 183 days and 3 years rule. In the case of F-1 VISA student status, and under the premise of conversion, the number of days in the first five calendar years will not be counted, and the number of days in the sixth year will be counted as 183 days.。

He reminded the audience that even international students, who are not “US tax residents”, still need to file tax returns on their income in the United States. At the same time, foreigners in the United States can purchase fixed assets in the U.S., but there are many precautions and tax obligations that cannot be ignored.

Pandemic Subsidies, PPP Use, and Application for Exemption

Vice-president of CACPAA Melody Shi gave a lecture on the topic of “Pandemic Subsidies, PPP Use, and Application for Exemption“

CPA Melody Shi clearly explained the basic situation of the compensation plan (PPP), and focused on the analysis of the time exemption clause and the exemption clause of the employment clause.

She also explained the details of the exemption application in a simple but profound way, from the classification of the application form to the matters needing attention in the form; and from the verification of loan terms by the borrower to filling out employee worksheet, and so on.

Webinar Lecture Video: Pandemic Subsidies, PPP Use, and Application for Exemption

Rising Tax Rate and Considerations for Sales Tax

The lecture topic of CACPAA Vice-President Paul Niu was “Rising Tax Rate and Considerations for Sales Tax“

CPA Paul Niu pointed out that restaurants are struggling to operate under the epidemic, and some retailers and individuals have also added take-out services. Whether restaurants should colect sales tax on take-out orders depends first on whether the transaction meets the two 80% principles.

At the same time, even under the two 80% principles, there are still some situations where sales tax may not be collected.

Webinar Lecture Video: Rising Tax Rate and Considerations for Sales Tax

How Do Business Owners Adapt to the Covid-19 Pandemic

Founder and Managing Partner of 1955 Capital1955 capital **Andrew Chung**

Founder and Managing Partner of 1955 Capital Andrew Chung gave an English lecture on the topic of “How Do Business Owners Adapt to the Covid-19 Pandemic“

Andrew Chung pointed out that as the epidemic continues to spread and when businesses can re-open remains unclear, companies need to first consider theri survival, and then development.

Therefore, in order to survive, it is inevitable to increase revenue and reduce expenditure. On one hand, it is necessary to reduce expenditures and postpone any original exoansion plan. On the other hand, it is also necessary to develop business as much as possible by increasing income, and strive to obtain government subsidies, loans, or new investments. Of course, you also need to prepare the necessary backup exit plans.

Webinar Lecture video: How Do Business Owners Adapt to the Covid-19 Pandemic

How Do International Students Seek Medical Treatment and Maintain Legal Status Under the Epidemic

Former Monterey Park Mayor and City Councilman Stephan Lam, who is also the chairman of Lambs Education, has many years of experience in the education industry. His lecture topic is “How Do International Students Seek Medical Treatment and Maintain Legal Status Under the Epidemic”.

Counsilman Stephan Lam identified that guardians of underage international students are even more important duiring the epidemic. Underage international students’ medical treatment, isolation or hospitalization after infection, etc., must be accompanied and held responsible by their guardians. To avoid deportation, underage international students must also stay away from illegal behaviors such as smoking and drinking.

As the decision to re-open campuses is pending. International students may not be able to register for “online classes” to maintain their identity. International students need to maintain full-time student status and good grades, and may need to transfer to maintain their status。

Webinar Lecture Video: How Do International Students Seek Medical Treatment and Maintain Legal Status Under the Epidemic

Prevention Measures and Treatment of Covid-19

Director of Lung Cancer Center, Capital Medical University, China
Professor Xiuyi Zhi

Dr. Xiuyi Zhi, chairman of the Chinese Thoracic Surgery Lung Cancer Alliance and director of the Lung Cancer Diagnosis and Treatment Center of Capital Medical University, connected with the audience acrossed the ocean. The topic of his speech was “Prevention Measures and Treatment of Covid-19”

Dr. Zhi Xiuyi shared effective preventive measures against Covid-19: the focus is on isolation through reducing contact with others; wearing masks; washing hands, ventilation, disinfection, etc. He also shared the basis and key points of early diagnosis, as well as the experience of treatment methods.

He also emphasized that there may be many small lung nodules in the chest CT examination, but don’t panic, because most of them are benign. However, you need to pay attention to the possibility of pathological changes. Regular review is needed as precautions against lung cancer and other diseases.

Webinar Lecture Video: Prevention Measures and Treatment of Covid-19

CACPAA Introduction

疫情快讯：中美会计师协会专家疫情云讲座即将登场吕力川报道

南加快讯：中美会计师协会专家疫情云讲座人气报表吕力川报道

现场讲座问答 Q&A

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Chinese American CPA Association Held E-Gala and Re-Election Ceremony Online

Post author By Charlie Chen
Post date July 13, 2020

This article is a translated reprint of：Sing Tao Daily

News from Los Angeles

The Chinese American CPA Association (hereinafter CACPAA) successfully held the first online annual meeting on June 27, 2020 and held a re-election ceremony, attracting nearly 200 spectators to participate in the event online.

At the start of the annual meeting, CPA Howard Li, the founding president of the CACPAA gave a speech, thanking Cynthia Lau, the President of CACPAA from 2019 to 2020, for her selfless dedication and dedication to the association over the past year, and looking forward to the outstanding professional accountant Jeff Huang who has served the association for nine years to lead everyone forward; the current president CPA Cynthia Lau also reported to everyone the various activities and contributions she had made to the society and association members during her tenure; Accountant Jing Qiu spoke on behalf of the previous ex-presidents, thanked all the guests present and gave high commendation to the new president CPA Jeff Huang.

The California State Treasurer Fiona Ma, CPA was invited to this year’s annual meeting to witness the appointment of the new leadership team. Fiona Ma shared with everyone the various new practices of the California government in dealing with the epidemic. Other officials who also came to congratulate the newly-elected were: former California senator and Republican senator leader Bob Huff, Los Angeles County Chairman Kathryn Barger, and San Gabriel City Councillor Chin Ho Liao all gave speeches congratulating the landing of the new president of the association and the new leadership team.

CPA Jeff Huang, the new president, thanked the previous colleagues of the association for their efforts, pointed out that the goal of the tenth session is to achieve win-win, and looked forward to how the association can better serve everyone in the current severe epidemic situation, and hope that everyone will work together , Grow together, give back to society, and benefit the world. I believe that under the leadership of the president Jeff Huang, CPA, the Chinese American CPA Association will reach another peak!

The annual meeting held a lottery with a total value of more than $3000: Ex-President Cynthia Lau donated KN95 masks that worth $800, the new President Jeff Huang donated $600 in cash, a 27-inch color TV was donated by director Victor Wong, and the rest of each director donated $100 in cash. Another big prize is that lucky viewers can get free help from professional CPAs in the association to apply for government subsidies.

CACPAA provides the strongest professional platform for professionals from all different fields. Ethnic Chinese CPAs who were originally from many different regions such as the United States, China, Taiwan, Hong Kong, Southeast Asia, etc. gathered in the CACPAA. It has also attracted many elites from the financial, real estate, and education sectors. The members of the association not only possess solid professional knowledge but are also fluent bilinguals in Chinese and English. Many members are also very active celebrities in multiple communities in the Los Angeles region. CACPAA can be described as a diverse professional elite team.

Elites from all walks of life in the CACPAA share their experience and examples with everyone without hesitation. We strive to help the Chinese community understand the latest changes in laws and tax laws, and we hope to use our professional knowledge to help new immigrants quickly integrate into the new life in the United States with east For professionals who are interested in joining CACPAA, please send an email to CACPAA@GMAIL.COM.

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COVID-19 Donation

Post author By Charlie Chen
Post date April 8, 2020

The love of professionals does not fall behind-The China-American Accountants Association donated materials to major hospitals to support frontline medical staff!

As the epidemic in the United States continues to heat up and the number of infections continues to increase, Los Angeles has become the second most infected city after New York. The PPE-Personal Protective Equipment in major hospitals is in serious emergency. After the professional members of the China-America Association of Accountants have done their best, they spared no time during the busy tax season and actively invested in donations and donations, with love and practical actions. Give back to the society. In just a few days, it has raised $18,300, and has purchased and donated 20,000 medical masks, 20,000 gloves, and 1,000 goggles.

During the period from April 1st to April 8th, the members and directors of the China-American Accountants Association actively sought and contacted hospitals in urgent need of PPE. At the same time, in the face of rising prices and uneven quality of sources, they were cautiously seeking and comparing supplies. Quotient. Mr. David Lin, the director of the association, did his best to find genuine masks for the association. Also involved in the donation work: Chairman Liu Xin, Vice Chairman Chen Lin, Vice Chairman Sang Jing, Director Lin Marie, Lawyer Li Bin, Director David Lin, Chief Financial Officer Niu Peiyan, Former Chairman Qiu Jing, Director Victor Wang, Director Joshua Wang and Claudia Lin. Regardless of the severity of the epidemic, the directors personally delivered these valuable medical supplies to: Pomona Valley Hospital, Adventist Health White Memorial, Long Beach Memorial Hospital, Garfield Hospital, Methodist Hospital of Arcadia, UCLA Health, Beverly Hospital, and the shelter hospital LA County Department of Housing for Health. The behavior and love of sending charcoal in the snow made these medical staff who are fighting the epidemic on the front line very moved, and made the China-American Accountants Association feel proud to participate in the fight against the epidemic.

While helping major hospitals, the Sino-American Association of Accountants also does not forget to help its members. Under the advocacy of Accountant Huang Jiefeng and Accountant Qiu Jing/former president, the founding president Accountant Li Hao specially arranged a batch of masks to be distributed to members of the association for free. In addition, the former president Qiu Jing also donated 200 masks. At the same time, she also arranged a batch of 5,000 masks. She is arranging the way to the United States, which will enable more hospitals to receive material support. The Sino-American Accountants Association is both external and internal, professional and loving coexist.

Thanks to the members of the association for their generous donations. They are (in no particular order):

LA County Hospitals

Location: Pomona Valley Hospital, Adventist Health White Memorial, Long Beach Memorial Hospital…

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2019 Professional Expo

Post author By Charlie Chen
Post date June 15, 2019

Experts face to face, the prescription should change<br>-2019 Expert Expo debuts

[Good news] The largest and top-notch free expert expo in Southern California, sponsored by the China-American Accountants Association and co-organized by Fanyu Group, is about to debut. Expert Expo Time: Saturday, June 15, 2019, 10:30am – 4:30pm, Location: Hilton Hotel San Gabriel. The conference specially invited Miss California and Miss New York Andrea Shen as the host of this expert expo. Grand prizes of more than 100 yuan are waiting for you.

This expert expo brings together ten professional fields, and invites the industry’s top and most powerful experts to meet you face to face. Usually, you need to pay to invite these experts to give lectures, but today they are willing to come and share their valuable professional experience for our lucky audience for free. This time the conference invited nearly 30 experts in different fields, including: accountants, lawyers, IPO consulting, brand value creation and effect, risk management, asset management and financial planners, commercial insurance experts, real estate investment And management experts, education experts, loan experts.

Topics covered by 30 experts include [How to resist the impact of the Sino-US trade war from an investment perspective] [Does your company want to be listed in the US] [How to build your brand value and effect in the US market] [How to avoid Commercial fraud?] [Interpretation of President Trump’s new immigration plan to “select the best” to issue green cards] [U.S. company establishment, one-person visa, family to the United States] [Latest Labor Law-Sexual Harassment Training] [2019 Latest Labor Law Knowledge] [How to successfully apply Entering a prestigious university in the United States] [Listen to expert analysis of fraud cases in American universities] [The significant impact of the new SAT “adversity score” on Chinese applicants in 2020]

More topics include [Offensive and defensive strategies for retirement planning-Annuities and retirement financial planning] [Beyond Wealth, Linking to the Future-The Role and Development of Family Offices] [Southern California Real Estate Private Equity Investment Opportunities] [Inheritance Planning] [Why is Now a Good Time to Invest in Commercial Real Estate] [Sino-US Trade War-How about small and medium business owners Maintain net profit after tax] [Tax advantages of American companies] [Do you need to pay sales tax for takeaway food] [Tax issues on rental housing] [Does the 401K provincial tax really work?] [How to quickly save time without checking income loans! ] And so on, there are only things you can’t think of, and no areas that we can’t cover.

The American Association of Accountants provides a professional platform with the strongest strength for professionals from all walks of life. It has gathered Chinese accountants from different regions such as the United States, China, Taiwan, Hong Kong, Southeast Asia, etc., and has also attracted many elites from the financial, real estate, and education sectors. The members of the association are not only strong in professional knowledge, but also fluent in both Chinese and English. Many members are also very active celebrities in multiple communities. The Sino-American Accountants Association can be described as a diversified and professional elite team.

Elites from all walks of life in the China-America Association of Accountants use their experience and examples to share with everyone without hesitation. To help the Chinese community understand the latest changes in laws and tax laws, and hope to use our expertise to help new immigrants integrate into the new life in the United States better and faster. If you are interested in joining the Professionals of the China-American Association of Accountants, please send an email to cacpaa@gmail.com , or call: (626)734-6968 for relevant information.

Hilton Los Angeles/San Gabriel
Location: 225 W Valley Blvd., San Gabriel, CA 91776
Date: 06/15/2019 (Saturday)
Time: 10:30 AM-04:30PM

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2018 Professional Expo

Post author By Charlie Chen
Post date July 8, 2018

The 2018 large-scale free expert expo hosted by the China-American Accountants Association was successfully held at the San Gabriel Hilton Hotel. This expert expo brings together experts from eight major professional fields to meet you face to face. Including: accountants; lawyers; asset management and financial planners; commercial insurance experts; real estate investment experts; education and study abroad experts; loan experts.

Hilton Los Angeles/San Gabriel
地點: 225 W Valley Blvd., San Gabriel, CA 91776
日期: 06/15/2019 (Saturday)
時間: 10:30AM – 04:30PM