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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 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 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 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 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




August 15, 2016

The Social Committee for the Memphis Office planned a night out for some food, some drinks, some fun, and most importantly... some Billy Currington. On Friday, July 29th, all employees and their guests were invited to the concert, which was part of the Live at the Garden summer concert series.

Luckily, the rain cleared out, and our employees headed to the Memphis Botanic Gardens to prove that neither muddy conditions nor heat could defeat our ability to jam out to some country music.

Currington played all of his fan favorites, but the crowd pleaser seemed to be the cover of Uptown Funk that he performed in true Memphis fashion and had everyone on their feet. Between the barbecue, the music, the company, and the magically pleasant weather, the night was a great success.

Interested in working for our award-winning Memphis team? Visit our careers page.




August 12, 2016

Mayer Hoffman McCann P.C. (MHM) recently announced the appointment of Linda Lauer as Midwest Region Employee Benefit Plan Audit Leader.

Linda will continue to be Co-Attest Practice Leader of the Memphis Office. She also serves on the MHM Board of Directors and CBIZ Women’s Advantage National Executive Board. Linda will now be able to use her skills, expertise, and leadership to serve in her new national role.

Linda’s background includes more than 25 years with local and international accounting firms, including plan administration for Fortune 500 companies. She is also a co-author of CCH’s publication, Knowledge-Based Audits of Employee Benefit Plans.

“I am very excited with this role as Midwest Region Employee Benefit Plan Leader. This will allow me to utilize and share my experiences that I have encountered over my career, as well as learn more from other offices within MHM to create best practices for the firm,” Linda said.

To reach Linda about her new role or how she can help your company with their employee benefit plan audit, contact her at llauer@cbiz.com or 901.685.5575.




August 9, 2016

Sonya Daniels, Manager at CBIZ MHM Memphis, was featured in a recent article published by AccountingToday about the discussion of sales tax holidays.

When Massachusetts decided to cancel its sales tax holiday this year, many began to believe this will become a trend in the upcoming years.

Daniels explains that a state depends heavily on sales taxes for revenue, and canceling the sales tax holiday is a way to counter budget deficits.

For 2016, 17 states are offering sales tax holidays, including Tennessee. “From the end of July through early September, what they’re running basically is back-to-school,” said Daniels.

Many, like Daniels, wonder how many states will continue with the tax free holidays. “A lot of states are talking about the loss of revenues during that time,” she said. With the ability for consumers to also get the tax exemption online, there’s an even greater loss for the states.

But there is a helpful hint for those trying to navigate the waters. There are often good sales leading up to the tax holidays, and Daniels urges you to keep your eye in the paper during that time.

For questions about sales tax, contact Sonya Daniels at sdaniels@cbiz.com or 901-685-5575.



July 14, 2016

The Memphis Business Journal is now accepting nominations for the 7th annual CFO of the Year Awards. CBIZ MHM is proud to have been a sponsor of these awards since their inception.

Nominees must be a Chief Financial Officer or hold an equivalent position at a local company or organization that has headquarters in the Memphis or Mid-South Area.

  

Award categories include the following: 

Private Company
Public Company
Nonprofit Organization
Lifetime Achievement Award


The candidates will be judged based on their performance during the fiscal or calendar year between January 2014 and June 2015. The criteria will also include Financial Management, Company Leadership, Strategic Thinking, and Contributions outside the Company.

Nominations are now open until August 22, and the awards breakfast program is October 21 at the Holiday Inn at the University of Memphis.  

 Fill out your nomination form here.




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