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March 22, 2016

Steve Grove, Tax Managing Director for the Tampa Bay office, published an article, 4 Tax Deductions You Don’t Want to Miss, in Next Avenue last week. In the article, Steve provides insight into tax write-offs that can boost your refund or trim your taxes due.

Knowing which deductions and credits you can claim on your tax return isn’t easy these days. To help you avoid paying any more in taxes than necessary, Steve discusses four often-overlooked tax deductions that you may be entitled to claim on your 2015 return:

  • Itemized Deductions of State Income and Sales Taxes
  • A State Income Tax Overpayment
  • The Deduction for the Self-Employed
  • Write-offs for Business Machinery and Equipment

To make the most out of your 2015 tax return, be sure to carefully consider the full range of opportunities, so you receive any tax savings you’re due.

For questions regarding tax deductions or returns, please contact Steve Grove at sgrove@cbiz.com or 727.572.1400. To view the full Next Avenue article, click here.



March 14, 2016

For the 11th consecutive year, CBIZ & MHM Tampa Bay has been named one of the 2016 Best Places to Work by the Tampa Bay Business Journal.  Sixty finalists were selected by an independent research firm employing various research techniques to measure and manage employee engagement, loyalty and retention.  The employee survey measures engagement categories focusing on items including team effectiveness, trust in senior leaders, feeling valued, manager effectiveness, compensation and benefits.

Bill Tapp, Senior Managing Director, commented, “We could not receive this honor without the amazing, talented and devoted CBIZ & MHM Tampa Bay employees.  We appreciate all their hard work and dedication. You cannot be the “Best” without the best – we truly have the best.”

As part of this year's nomination process and employee engagement surveys, CBIZ & MHM Tampa Bay was named a finalist in the category for biggest companies.  Scores and ranking will be announced at an awards ceremony at Topgolf Tampa on April 21st.

For more information about joining our award-winning Tampa Bay team, visit our Careers page.



March 9, 2016

CBIZ MHM Tampa Bay will host an inaugural half-day CFO & Controller Conference focused on the CFO’s role in mergers and acquisitions.  As a result of the significant role that mergers and acquisitions play in corporate growth strategy, the function of the CFO has greatly expanded.  This dynamic environment demands that the CFO play a strategic role in providing financial perspective, building partnerships, and working closely with chief executives and board members.

The event will take place May 11th at USF Health, Center for Advanced Medical Learning and Simulation in downtown Tampa.  The conference will qualify for 4 hours of CPE credit.  Pre-registration is required, and attendees can register now online for a fee of $50, which includes the cost of the conference, breakfast, lunch, and parking. 

For more information and to register:
https://tampabaycfoconference.eventbrite.com/

Stay tuned for future posts about our presenters and topics leading up to the event.



March 2, 2016

One of the first items a potential buyer for a business will want to talk about is the organization’s financial performance. Dave Enick, Tampa Bay Managing Director, co-authored an article discussing step two of a five step process to selling your business. This step covers collecting, organizing and examining a company’s financial indicators in preparation for the due diligence phase of the sale process.

A professional financial picture makes your business much more attractive to buyers. A special focus should be on documented, clearly understood, and applied historical accounting reporting policies and procedures in the business. Sellers should be prepared to present monthly trial balance or similar financial information prepared in accordance with GAAP. A key area of focus will be a reconciliation of revenue and sales reports to the financial statements.

It is important to analyze this data over at least a few years to pinpoint patterns in spending or expenses.  The historical cash flow projections will help with present and future cash flow projections.

Additionally, it is important to consider add-backs, marketplace considerations, and the way your organization is structured.

For more information about the five step process and organizing your financials, contact Dave Enick at denick@cbiz.com or 727.572.1400.



February 16, 2016

CBIZ MHM Tampa Bay is pleased to announce the appointment of Christine McAlarney to the firm’s Professional Standards Group (PSG).  The PSG is a designated group of technical professionals, who are called upon when there is uncertainty surrounding a complex question or issue.  The members of the PSG are chosen based upon their level of expertise and involvement in the profession.

Christine is serving on the PSG as a technical Subject Matter Expert on complex debt and equity arrangements and financial instruments.  She provides internal consultations and supports the Professional Standards Group's thought leadership and educational activities.  Christine’s exposure through the PSG to these topics across the country will enable her to provide additional insights and best practices to our local clients in Tampa Bay.

Christine is a Senior Manager at CBIZ MHM Tampa Bay and has worked extensively in all aspects of audit, review and compilation engagements, as well as SEC reporting. Most recently, Christine has been spending a significant amount of time working in the Accounting Advisory practice and additional areas of technical consulting for MHM in the Northeast.



February 12, 2016

CBIZ MHM Tampa Bay hosted a Not-For-Profit Seminar in their ongoing series last week on Best Practices in Executive Compensation. This session covered the basics of executive compensation and planning concepts through real-world examples and case studies.

With the ever changing not-for-profit employment landscape, attracting talent demands creative rewards, energizing retention, and compliance. Ed Rataj, Managing Director in the Compensation Consulting Practice at CBIZ, discussed what CFOs should know regarding rewards, retention, and regulation.

Ed covered how to protect executives and board members from personal liability, trends in not-for-profit compensation, case studies, highlights of the proposed FLSA revisions, and the new overtime regulations. He also advised on what actions organizations should be taking now.

For more information on how to integrate best practices in planning executive compensation or compensation regulations impacting Not-For-Profit organizations, 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.





February 1, 2016

CBIZ MHM Tampa Bay is proud to announce the promotions of Senior Manager Shaun McClung and Senior Manager Tom Steiner to the position of Managing Director.

Shaun has more than 15 years of experience managing tax engagements for clients operating as multi-entity corporations, S corporations or partnerships in a variety of industries. In addition to his tax compliance responsibilities, Shaun also helps with a broad range of tax consulting matters, such as tax provision calculations, IRS and state tax examinations, accounting method changes, tax due diligence, restructuring issues and real estate transactions.

“Shaun has been an integral part of our practice since joining us just over five years ago.” said Bill Tapp, Senior Managing Director, CBIZ MHM Tampa Bay. “Not only has Shaun served our clients with excellence since joining us but he has also been a strong mentor and positive role model for all of our team members.”

Shaun received his Bachelor of Science in Finance from West Chester University. He is a CPA and a member of AICPA, FICPA, and the St. Petersburg Chamber of Commerce Finance Committee. Shaun also serves as Treasurer for St. Raphael’s Home and School Association Board of Directors and is a graduate of both Tampa Connection and Leadership St. Pete.

Tom has more than 15 years of experience, including 13 years with CBIZ & MHM, in all aspects of audit, review and compilation services. He serves both publicly traded and privately owned entities. Tom also has extensive knowledge of the reporting requirements of employee benefit plans.

“Tom is always willing to take on more responsibility and to step up and do more whenever the need arises.” said Tapp. “He is well regarded for his high level of integrity and his strong work ethic within the attest practice as well as throughout the entire Tampa Bay business unit.”

Tom received his Bachelor of Science in Accounting from the University of North Carolina-Greensboro and his Master of Accountancy from the University of South Florida. He is a CPA and a member of AICPA, FICPA, and the Advisory Board of Directors for the YMCA of the Suncoast. Tom is also a Leadership Pinellas graduate.

Congratulations to both Shaun on Tom on this excellent achievement!



January 26, 2016

CBIZ MHM Tampa Bay partnered with Seabridge Wealth Management for an Employee Benefit Plan Roundtable last week at the Centre Club. This seminar provided practical information to be aware of as it relates to the health and integrity of employee benefit plans.

The panel of speakers included the following:

The presenters discussed a checklist for plan administrators and plan management to consider in making sure plans are ready for year-end compliance testing as well as ensuring the sponsor’s compliance with fiduciary responsibilities. A summary of deficiencies noted in plans in prior years and how plan sponsors can avoid these problems in plans this year was also discussed.

For more information regarding best practices for 401(k) and 403(b) plan compliance, contact Jenny Matasic at 727.572.1400 or jmatasic@cbiz.com




January 13, 2016

The Go Game team-building served as the perfect event for Tampa Bay’s annual Firm Day and Holiday Party. To kick off the day, all employees met at the St. Petersburg Yacht Club for team-building throughout downtown St. Petersburg. The Go Game facilitator had quite the experience planned for the thirteen staff teams. Each team received a smart phone that guided them through a series of challenges including:

  • Location-Based Puzzles
  • Fun, Challenging Trivia
  • Head-to-Head Interteams
  • Actor/Plant Interactions
  • Creative Photo/Video Missions

This combination of challenges broke down barriers between players, created strong team identification, and got teams to tap into a wide variety of skills including creativity, communication, problem solving, and time management. After the team-building, everyone went to the Yacht Club for lunch and an unforgettable video presentation culminating the day’s events. Teams voted for their favorites, and The Go Game tallied the point totals to determine the winners.

Following The Go Game awards ceremony, Senior Managing Director, Bill Tapp followed with a state-of-the-firm presentation. Staff had the opportunity to welcome new employees, congratulate promoted individuals and anniversaries, and discuss internal metrics. Pete Scalia, Executive Director of St. Vincent de Paul Soup Kitchen, had a special thank you for the firm’s donations from the Food Drive.

After lunch, everyone headed back to the CBIZ MHM Tampa Bay office for casino games, photo booth fun, a calendar exchange, and raffle prizes.

 




December 15, 2015

Paul Dunham, Tax Managing Director for the Tampa Bay office, published an article, Tax Strategies Unaffected by Extenders, in the November 2015 issue of CPA Magazine. In the article, Paul provides insight into year-end tax strategy discussions with clients.

At the top of every year-end planning list is the status of the “extenders”.  Many of these provisions will likely be reinstated at the last minute as did indeed happen last year. “The purpose of this article is to not address the status of the “extenders,” but rather discuss other year-end tax strategies that are generally effective without regard to the status of the extenders,” Paul shared. His article discusses a list of such strategies.

“While waiting for legislative action regarding the extenders, there are still many tax planning ideas/strategies that should be discussed with clients before year end,” Paul concludes.

For questions regarding tax strategies and the status of extenders, please contact Paul Dunham at pdunham@cbiz.com or 727.572.1400. To view the full CPA Magazine article, click here.



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