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April 12, 2016

For the 5th consecutive year, CBIZ & MHM Tampa Bay has been named one of the 2016 Top Workplaces by the Tampa Bay Times.  100 finalists in the Tampa Bay area were selected by Workplace Dynamics, an independent research firm.  To pick the Top Workplaces, Workplace Dynamics went straight to the experts — the employees.  The survey measured four metrics: the basics, organizational health, leadership, and engagement using a seven-point scale from Strongly Disagree through Neutral to Strongly Agree.

Here are just a couple of our employee comments:

  • “The leadership stands out as exceptional, which channels down into the team. The work is challenging and interesting.”
  • “Strong commitment to doing what is right and fair for everyone as well as making it a great place to work.”

“We are proud to be recognized for the 5th year in a row as a Top Workplace in the Tampa Bay area” says Bill Tapp, Senior Managing Director. “Our ability to attract and retain top talent directly contributes to our consistent growth, profitability, and future leadership.”

To see the official announcement from the Tampa Bay Times, click here

This award is the second this year for the Tampa Bay practice, who was also named one of the best places to work by the Tampa Bay Business Journal.

Interested in working for our award-winning Tampa Bay team? Visit our Careers page.





April 6, 2016

The Tampa Bay office of CBIZ MHM will host a half-day CFO & Controller Conference focused on the CFO’s role in mergers and acquisitions. 

Buyers, sellers and advisors along with a panel of local CFOs will share their insights into what the modern CFO should be prepared to face at the deal-making table.  Discussions will also include how to evaluate the factors that influence the due diligence process on the buy-side and the preparedness aspects on the sell-side. 

The following topics & speakers will be featured in 50 minute sessions:

Buy-Side Expectations of a CFO

Sell-Side Expectations of a CFO

Transaction Advisory Expectations of a CFO

The program will close with a panel of local CFOs who have played a strategic role in the mergers and acquisitions process at their respective companies and throughout their career.

The event will take place May 11th at USF Health, CAMLS, downtown Tampa.  Registration will begin with a breakfast at 7:30 a.m. and the event kicks off at 8:00 a.m., giving participants eligibility to earn a total of 4 CPE Credits.

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

Can't attend the event?  Follow along with the conversation on Twitter using #CFOConf



March 29, 2016

The optimal sale price for a business reflects all of the components that helped the business secure its marketplace position. In Step 3 of the Five Steps to Selling Your Business, co-authored by Tampa Bay Managing Director, Dave Enick, the significance of identifying physical, financial and intangible assets and putting an objective purchase price on them is discussed

Valuing a business can take many forms, and management will need to carefully consider which approach to select. A typical business valuation uses discounted future cash flows as the basis of its estimation. Determining which formula works best for a business and protecting value early in the process is critical to the success of a transaction.

Many factors are taken into consideration when determining the ultimate purchase price for an operation. Additionally, time at the end of the valuation process needs to be spent to evaluate how the price point for a business matches up to objectives for the sale. The value determined might indicate a need to readjust priorities for the timing or type of sale.

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



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 24, 2016

CBIZ MHM Tampa Bay is proud to be a presenting sponsor of the Tampa Bay Business Journal’s CFO of the Year event. The 2016 CFO finalists were invited to a VIP reception at the offices of Shumaker this month to recognize their accomplishment for being selected as an outstanding financial professional in the Tampa Bay area.

The awards luncheon revealed the results of this year’s CFO of the Year winners.  More than 400 people gathered to recognize these financial professionals for their exceptional performance in their roles as corporate financial stewards.

Winners in each category were chosen from an independent panel of judges.  The winners in their respective categories are as follows:

Rob Taylor, CFO of Accuform Manufacturing Inc., was the 2016 overall CFO of the Year winner for his service within the financial sector.

CBIZ MHM Tampa Bay is proud to sponsor an event that honors such influential leaders in their various financial fields and wishes to extend a warm congratulations to all individuals selected to be part of the Class of 2016 CFO of the Year Finalists. 

To see a full list of the 2016 finalists, click here.



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.





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