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September 23, 2016

As a way to celebrate their 20th anniversary, CBIZ planned something pretty spectacular: A total of 20,000 hours of community service across all offices nationwide in their local communities. The Memphis office was excited about this challenge and opportunity and jumped right into the planning.

On August 25th, 60 volunteers headed out to Shelby Farms, a park with 4,500 acres of green space and 6.5 miles of urban trail located in the heart of Shelby County. The park recently reopened on September 1st after undergoing a massive transformation.

For our afternoon outside, we sprayed ourselves with bug spray, slipped our hands into work gloves, and headed out to the disc golf course to cut back and clear the overgrown brush.

After our hard labor, we proceeded to have a bit of fun. All volunteers traveled in a sea of green "CBIZ Cares" shirts over to the post-service party. The party included a Say Cheese grilled cheese truck, the Mempops food truck, and the Tap Box drink truck.

To learn more about community involvement at CBIZ MHM Memphis, please contact Sadie Williams at SJWilliams@cbiz.com

 




September 20, 2016

Brad Hale, Managing Director with CBIZ & MHM Tampa Bay, will speak at the 2016 Accounting & Business Show held on September 28-30th at the Broward County Convention Center in Ft. Lauderdale.  The 2-day conference includes presentations on a variety of accounting topics, including FASB updates, Social Security for CPAs, sales & use tax trends, auditing standards board updates, R&D tax credits, data security best practices, federal tax updates, and succession planning, among others.  

Brad will be presenting on the key takeaways from implementation projects on the new revenue standard.  The presentation will focus on practical application of the new revenue recognition standard through the use of examples and stories from active implementation projects.

To register for this conference, visit the FICPA registration website here.  For more coverage of the event, search #ficpaABS and follow the FICPA on Twitter @FICPA.



September 7, 2016

As Community Involvement Chair, Sadie Williams, audit associate at CBIZ MHM in Memphis, has been in charge of planning this year's Summer Days of Service. The initiative creates different volunteer events throughout the summer for our employees. "I think it's so important to step outside of the world you're in every day. It's easy to forget that you can make a difference right here in your own neighborhood. Through our community involvement events, I hope that people see just how important it is to step into another person's world, even if only for a minute. It's a really humbling experience," Williams said.

In July, 16 CBIZ MHM Memphis employees worked with Metropolitan Inter-Faith Association (MIFA) to deliver Meals on Wheels in Orange Mound. Meals on Wheels is a program that delivers meals to elderly people who are unable to prepare their own or do not have the means to provide for themselves. After the morning spent delivering food, the group stopped at a Memphis favorite, Belly Acres, to reflect on the hard day's work.

In August, CBIZ MHM Memphis teamed up with Girls Inc. of Memphis to assist with their youth farm for a day of hard labor. The Girls Inc. Youth Farm is a plot of land in Frayser where high school girls have the opportunity to learn responsibility and choose what crop they want to grow. The girls must keep up with the process for an entire year to grow the crop they have chosen and be in charge of selling it at different farmers markets around the city. The Memphis office donned sunscreen and hats to set out to help harvest the cherry tomatoes and eggplant during their time at the farm.

To learn more about community involvement at CBIZ MHM Memphis, please contact Sadie Williams at SJWilliams@cbiz.com.

 




September 6, 2016

CBIZ MHM Tampa Bay partnered with Hill Ward Henderson to host a roundtable focused on implementing the new overtime regulations recently released by the Department of Labor that require that most employees making under $47,476 must be made overtime-eligible (or their salary increased) by December 1, 2016.

Attracting more that 60 attendees, this seminar provided practical information about the revisions to the Fair Labor Standards Act, the ramifications to employers, potential unintended consequences and alarming long-term implications, implementation strategies, and analysis ideas.

The panel of speakers included the following:

Ed Rataj
Ed Rataj is the Managing Director of Compensation Consulting at CBIZ Human Capital Services. Since 2003 when he joined the firm, he has amassed extensive compensation experience, focusing on designing innovative executive, broad-based and sales compensation programs. His core business is compensation consulting across various industries, and he also serves as a reasonable compensation expert witness. Ed recently became the second person ever to earn the Master Certified Compensation Professional (MCCP) designation, which represents the pinnacle of the compensation and total rewards profession.

Jeffrey Wilcox
Jeff is an associate in the Hill Ward Henderson’s Litigation Group. His practice primarily focuses on employment law, including wage-hour compliance, FMLA and ADA compliance, allegations of discrimination and harassment, non-compete litigation, and handbook and policy drafting. Jeff is active in both professional and Bar-related activities. He currently serves as a Director on the Hillsborough County Bar Association, Young Lawyers Division Board, and is a member of the Employment and Labor Law Committee in the Defense Research Institute. In 2014, Jeff received the Hillsborough County Bar Association’s Outstanding Young Lawyer Award.

For more information regarding how to meet the new FLSA requirements with minimal cost, contact Ed Rataj at 314.692.5884 or erataj@cbiz.com.

To get on the invite list for future seminars in our Tampa Bay series, contact Craig Gilman at cgilman@cbiz.com or Tracey McDonald at tracey.mcdonald@cbiz.com.



September 2, 2016

The Memphis Office of CBIZ MHM hosted a lunch roundtable on "The Impact of the Final DOL Fiduciary Rule." The overall goal was to inform employers on how this new rule might affect their firm, and teach the ins and outs in order to help firms stay ahead of the change.

Co-presenters for the seminar included Linda Lauer, Co-Attest Practice Leader and Lead Managing Director for the Memphis office, Jennifer Kiesewetter, Attorney and Managing Partner of Kiesewetter Law Firm, PLLC, and Jonathan Lyons, Financial Advisor and Founder of the Lyons Group of Raymond James.

Jennifer kicked off the roundtable and outlined the history of the DOL fiduciary rule. She helped to explain what the new rule means and how it is going to affect people and their companies on a day to day basis.

Jonathan took over for the second half of the conversation and helped to explain who qualifies as a fiduciary. He also discussed what the significance of a fiduciary is and all of the different responsibilities that they hold.

Linda was able to moderate questions and contribute throughout the presentation.

For more information on  recent DOL activity and how it impacts your company and benefit plans, contact Linda Lauer at 901.685.5575 or llauer@cbiz.com




August 30, 2016

Linda Lauer, Lead Managing Director and Co-Attest Practice Leader in the Memphis office, contributed to a recent article published by Employee Benefit News about retirement plan audits.

A report released in May 2015 showed the low quality of most plan audits. According to the Willis Towers Watson survey, only one in three employers had their plans audited by the federal government in the past two years.

Linda explained that there is a trigger for which companies end up being audited. "Every retirement plan that has more than 100 eligible employees must attach an independent audit report to its Form 5500 tax filing," she said. The companies who aren't attaching that form are the ones that have the greatest chance of being audited.

One of the issues lies in the fact that companies are not necessarily hiring the most qualified CPA firm to do their benefit plan audit. Employee benefit plans are much different than corporate audits and require someone skilled in that specific area. Linda explained that the CPA must understand the ins and outs of the plan before they can properly audit the plan.

"In reality, they should be paying more attention to it and be more willing to pay more money for a quality audit to make sure the plan is in compliance," she said.

To learn more about making decisions for retirement plan audits, contact Linda Lauer at 901.685.5575 or llauer@cbiz.com. To read the entire article, click here.




August 30, 2016

Betty Isler, Tax Managing Director for the Tampa Bay office, published an article, Draw on the Crowd: How Not-for-Profits Can Take Advantage of Crowdfunding, in Nonprofit Information earlier this month.

In this article, Betty provides insight into how not-for-profit organizations can use crowdfunding for a number of organizational functions, from specific projects to broader causes and general support.

As not-for-profit organizations face new opportunities for receiving support from their community, the fastest growing resource comes from crowdfunding platforms. To help maximize the advantages under crowdfunding, Betty discusses five things to consider when determining how to use the crowdfunding tools:

  • Find the Right Fit
  • Be Descriptive and Project Results
  • Keep in Mind Crowdfunding Isn’t the Ultimate Solution
  • Broader Reach Means More Regulations
  • Other Additional Considerations
For questions regarding crowdfunding, please contact Betty Isler at bisler@cbiz.com or 727.572.1400. To view the full Nonprofit Information article, click here.



August 24, 2016

Josh Finfrock, Director in the Memphis Office, recently contributed to an article covering updates on 2016 Second Quarter Transfer Pricing Developments.

The article discusses the recently released guidance from the Australian Tax Office (ATO), the recent court ruling in favor of Medtronic, and new guidance from the OECD on the implementation of Country-by-Country reporting.

The Medtronic case is worth noting due to the tax the company would have paid had there been an alternate conclusion. Medtronic recently received a favorable ruling from the U.S. Tax Court in its transfer pricing dispute with the IRS. Had they received an unfavorable ruling, Medtronic would have owed nearly $1.4 billion. The issue arose because the IRS argued that Medtronic U.S. should have received higher royalty rates from its Puerto Rico based subsidiary, MPROC. Medtronic argued that the IRS did not adequately consider the importance of product quality in the medical device industry, and that MPROC provided more than just product assembly.

For questions on how these transfer pricing updates may have an impact on your company, please contact Josh Finfrock at jfinfrock@cbiz.com or 901.685.5575. To view the full article on CBIZ's Insights & Resources page, click here.




August 22, 2016

On Thursday, August 18th the CBIZ MHM, LLC Kansas City Transaction Advisory Services (TAS) Practice held a wine tasting event to introduce our national TAS capabilities and our local experts. Members of the CBIZ National TAS Practice, David Stagliano, Managing Director, CBIZ MHM Philadelphia, and Luke Snyder, Director, CBIZ MHM Philadelphia, joined local team members in a brief presentation on the CBIZ TAS capabilities and expertise. 

In addition to a meet and greet session with some of the local and national practitioners, the more than 50 guests in attendance enjoyed a wine tasting featuring a variety of wines provided by Royal Liquors and ample time to connect with peers and local entrepreneurs in possible buy/sell situations and/or looking for capital investment.

The Kansas City TAS group will continue host events on a quarterly basis.

For more information on this event, TAS or to get added to our TAS distribution list, contact Alex Elliott.










August 17, 2016

The Memphis Business Journal announced the finalists for the 2016 Super Women in Business Awards. CBIZ MHM Memphis is honored to have sponsored these awards since their inception. The 25 finalists will be honored at the 2016 Super Women in Business Awards luncheon on September 9th at the Holiday Inn at the University of Memphis.

The program honors influential women in the city of Memphis in different industries who have displayed a great amount of leadership and who continuously strive for success in both business endeavors and community involvement.

The 25 Finalists include the following:

  • Melanie Berry- Vice President of Special Events, Varsity Spirit LLC
  • Toni Boland- NIKE
  • Emily Brackstone- Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
  • Roquita Coleman Williams= Manager, Canadian National (CN) Railway
  • Rebecca Conrad- Partner, ANF Architects
  • Sheila Jordan Cunningham- Executive Director, Blight Authority of Memphis
  • Angela Hall- Vice President, Radians, Inc.
  • Sue Harpole- ALSAC/St. Jude Children's Research Hospital
  • Susan Hunsberger- Chief Human Resources Officer, ServiceMaster
  • Cindy Klatt- Vice President, Strategic Client Relations, Kemmons Wilson Insurance Group
  • Susan Lattimore- Senior Manager, The Marston Group, PLC
  • Sherry McAlpin- Owner/President, Transportation Resources Inc.
  • Daphene McFerren- Director, The Benjamin L. Hooks Institute for Social Change at the University of Memphis
  • Susan Mealer- Owner/CEO, Answering Advantage, LLC.
  • Kate Oliver- Vice President, Customer Care and Administration, TruGreen
  • Kathryn Perry- Vice President, Raymond James
  • Jennie N. Robbins= Senior Director, Finance and Performance, Church Health Center
  • Jennifer Sims- CEO, Power & Telephone Supply Company
  • Annette Smith- Head of School, Hutchison School
  • Brenda Solomito=Basar- Solomito Land Planning
  • Susan Springfield- First Horizon National Corporation
  • Gretchen Stroud= Vice President, Global Learning & Talent
  • Dotty Summerfield- Owner, Summerfield Associates, Inc.
  • Elizabeth Tate- Chairman/CEO, Signet, Inc.
  • Karen Weddle-West, PhD- Provost, Chief Academic Officer, University of Memphis

If you would like further information regarding the involvement of CBIZ Women's Advantage in Memphis, please contact Linda Lauer at llauer@cbiz.com or 901.685.5575