Local Office Blogs

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November 12, 2015

Bill Tapp, CBIZ MHM Tampa Bay Senior Managing Director, was awarded with the Good Help Award last week at the Graceful Art of Senior Care Gala. Bill received the Good Help award for his work and passion in serving the Tampa Bay community.

The Gala celebrates Bon Secours St. Petersburg Health System and the individuals who have provided “good help” to our community. The mission of Bon Secours Health System is to provide good help and healing to those in need – in body, mind, and spirit. The event hosted a sell-out crowd of more than 200 attendees including hospital & healthcare leadership, local community leaders, and donors.

The funds raised at the Gala help to support the work of their ministry and the difference they make in the lives of seniors and their families.

For more information on Bon Secours, visit their website.


November 10, 2015

The Tampa Bay office of CBIZ MHM participated in the Tampa Bay Heart Walk at Raymond James Stadium over the weekend.

Almost 90 employees participated in the 5k walk for the 2nd year in a row, as well as some who virtually completed it by donating online.  This year’s Heart Walk involved more than 35,000 participants and raised more than $3.8 million for the American Heart Association, exceeding this year’s goal of $3.5 million and making the Tampa Bay Heart Walk one of the top one or two from a fundraising and participation standpoint in the country.  This year the Tampa Bay office raised $8,025!

The American Heart Association is the largest voluntary health organization dedicated to defeating heart disease, stroke and other cardiovascular diseases.  If you’d like to support the Tampa Bay Heart Walk and help the American Heart Association, you can donate by clicking here.

For more coverage on the 2015 Tampa Bay Heart Walk, search #TBHeartWalk on Twitter.

November 4, 2015
Three CBIZ MHM Tampa Bay experts spoke at the 2015 USF Accounting Conference last week. The 2-day conference included presentations on a variety of accounting topics, including economic updates, auditing cyber security, identity theft, affordable care act, and retirement planning.

Brad Hale, Managing Director, presented on revenue recognition, walking attendees through a practical approach to adoption of the new revenue recognition standard including a high-level overview of the technical guidance and the most recent discussions of the Transition Resource Group.

Paul Dunham
, Managing Director, presented a federal tax update where he reviewed fiscal year 2016 budget proposals, the 2015 transportation act, tax rates and general planning, and status of extenders.

Dave Enick
, Managing Director, presented on accounting for M&A, which covered pre- and post-transaction accounting considerations related to M&A activity, from consideration of historical accounting policies and procedures to the technical nuances associated with business combinations and changing capital structures.

For more coverage of the event, search #ficpaUSFAC on Twitter.

October 26, 2015

The Tampa Bay office of CBIZ MHM participated in Making Strides Against Breast Cancer at Amalie Arena over the weekend.

A number of staff participated in the actual 5k walk for the 4th year in a row, as well as some who virtually completed it by donating online.

Hosted throughout the nation, these walks help the American Cancer Society to continue to accelerate progress in breast cancer research and keep people with breast cancer healthy while we work towards a cure. Over 20,000 walkers participated in this event, raising $613,000 for Making Strides of Hillsborough. This year the Tampa Bay office raised $3,520!

If you’d like to support Making Strides and the American Cancer Society, you can donate by clicking here. Thanks to everyone for their support of this great cause!

October 23, 2015

Behind every successful company or nonprofit, there’s a hard-working board of directors. CBIZ MHM Tampa Bay is proud to be a presenting sponsor for the Tampa Bay Business Journal’s 2015 Outstanding Directors Awards. The inaugural event recognizes five boards and nine individual board members for their work in helping their organizations thrive.

There are many qualities board members must possess as their responsibilities and accountability increase. “One key trait is integrity, which is vital to keep boards strong. In addition to integrity, directors need to be visionaries.” said Bill Tapp, Senior Managing Director at CBIZ MHM Tampa Bay.

Join us in honoring Tampa Bay’s 2015 Outstanding Directors at their awards luncheon on November 19th. For more information on registration, contact TBBJ Event Manager Briana Sellers at bsellers@bizjournals.com.  

The full list of honorees was announced October 22nd on the Tampa Bay Business Journal website. Here are the Outstanding Directors for 2015:

  • Public company board: Sunshine Bancorp Inc.
  • Public company director — under $1 billion: Hilliard Eure III, MarineMax Inc.
  • Public company director — over $1 billion: Charles Adair, Tech Data Corp.
  • Private company board: Freedom Bank of America
  • Nonprofit board, small: Tampa Bay Technology Forum
  • Nonprofit board, medium: National Forensic Science Technology Center
  • Nonprofit board, large: Lutheran Services Florida Inc.
  • Nonprofit company director, small: Susan Boyd, Seniors in Service of Tampa Bay Inc.
  • Nonprofit company director, medium: Frank Capitano, Pediatric Cancer Foundation
  • Nonprofit company director, large: Theron TD Hawkins, Achieva Credit Union
  • Lifetime Achievement Award: Claudia Straw, Ronald McDonald House Charities of Tampa Bay Inc.
  • CBIZ MHM Audit Committee Chair Award: Graham Savage, Cott Corporation
  • SunTrust Bank Outstanding Director Award: Vera Muzzillo, Proforma
  • Foley & Lardner Director of the Year Award: Allan S. Martin, Atlantic Merchant Capital Investors

October 20, 2015

With the highest level of divorce and collaborative experience on the west coast of Florida, the CBIZ MHM Forensic & Financial Services (FFS) Group maintains a national reputation for their extensive in-depth knowledge of accounting and finance to assist the legal community in identifying, understanding, and presenting complicated financial elements in dispute engagements.

The Tampa Bay FFS Group has participated in numerous collaborative divorce cases by serving as the financial neutral. Their focus is working with collaborative divorce professionals to provide a peaceful and respectful team-based solution for their clients. From premarital assets to civil litigation suits and economic damages, we help clients and their legal teams prepare for, and if possible, avoid trial.

The Tampa Bay FFS team supports the collaborative divorce process by:

  • Providing a team based environment
  • Resolving disputes
  • Addressing complex matters
  • Providing forensic accounting
  • Identifying assets & liabilities
  • Determining income
  • Valuing businesses
  • Preparing support scenarios & analyses
  • Developing creative option building

To explore how to engage CBIZ MHM for your collaborative team, contact Anthony Phillips at Anthony.phillips@cbiz.com or 813.594.1400.

October 14, 2015

Six proposed, small-scale changes have been added to the list of updates to ASU 2014-09, Revenue from Contract with Customers (Topic 606). The exposure draft of the changes, released by the Financial Accounting Standards Board (FASB), does not materially change the five-step process for revenue recognition put in place by ASU 2014-09. A recent article by Tampa Bay Managing Director, Brad Hale, discusses the changes and how they are designed to address six areas of implementation concern raised by the Transition Resource Group:

  1. Collectability Criterion
  2. Presentation of Taxes Collected from the Customer
  3. Noncash Considerations
  4. Contract Modifications at Transition
  5. Completed Contracts at Transition
  6. Technical Correction to Transition Guidance

As part of the exposure draft, the FASB agreed to add items related to the adoption and transition to the new revenue recognition guidance to its technical agenda. Further implementation concerns and issues will likely arise before the guidance starts to roll out in 2018, and we will keep you up-to-date as these changes occur.

For more information about the six proposed changes, read the full article here. If you have questions about how revenue recognition will impact your organization, please contact Brad at bhale@cbiz.com or 727.572.1400.

October 8, 2015

Molly Wendland, Specialist in CBIZ’s Tax Incentives Practice, gives insight into Florida’s many tax incentive programs in Part 2 guest post.


In the previous post, trigger considerations and eligible industries were covered. Today’s post will review the specific programs and benefits available in Florida.


Florida’s many programs help companies offset the costs of making investment, adding jobs, and training employees. Specific programs and benefits vary but can include the following:


Programs and Benefits

  • Withholding tax refund of $3,000 - $8,500 per new job created
  • Investment tax credit
    o    Minimum capital investment: $25 million
    o    Can apply 5% of investment toward up to 75% of corporate tax liability
  • High impact project grants available to companies in designated high-impact portions of the following sectors – clean energy, corporate headquarters, financial services, life sciences, semiconductors, and transportation equipment manufacturing. Funding is discretionary. Both of the following additional parameters apply:
    o    Available to companies creating at least 50 new jobs within a three year period (or 25 for R&D facility)
    o    Cumulative capital investment requirement of $50 million within a three year period (or $25 million for R&D facility)
  • Incentives for businesses that choose to locate within a special zone:
    o    Enterprise Zone:
    o  Business machinery & equipment sales tax refund
    o  Jobs tax credit (sales tax)
    o  Jobs tax credit (corporate income tax)
    o  Building materials sales tax refund
    o  Property tax credit
    o  Sales tax exemption for electrical energy
    o    Brownfield:
    o  Tax refunds up to $2,500 per job created on a Brownfield site
    o  Other restrictions apply

Additional incentives with lower wage qualifications available to meet the special needs associated with businesses located in rural counties or urban core areas


Training Grants

The often overlooked incentive is the training grant, which is available as a unique means of offsetting the cost of job specific training for new employees or for training existing staff on new technology, processes or equipment. Funds are provided to the company on a cash reimbursement basis and can be used for expenses related to on-the-job and/or classroom training. Expenses can include instructor salaries, vendor training costs, training materials, and curriculum development costs to prepare the training materials.


Each program is different, and sifting through the requirements and compliance can be confusing at best and frustrating at the worst. Utilizing an expert in this area will produce the results beneficial to your company.


If your business is expanding, please contact Molly at MWendland@CBIZ.com or 816.945.5264 to see if your company may be eligible for these incentives.

September 30, 2015

Molly Wendland, Specialist in CBIZ’s Tax Incentives Practice, gives insight into Florida’s many tax incentive programs in part 1 of this 2 part guest post.


At the end of each day, we would all like to think that we have acted in our company’s best interest. But what if we haven’t? Have we left the company’s money sitting on the table?


Is your company growing? Are you adding jobs faster than you can process the paperwork? Are you making significant capital investment? If so, your company may be in a favorable position to reap the benefits of one or more of Florida’s many tax incentive programs.


Like most states, Florida offers multiple programs to companies to help offset the cost of an expansion. Florida incentives can come in many forms, including but not limited to cash; tax credits for new jobs and investment; sales tax credits, refunds, and exemptions; corporate income tax credits, and more.


Trigger Considerations

If your company is considering one or more of the following, you may be poised to reap the benefits of these programs:

  • Increasing headcount
  • Acquiring new space, building a new facility or signing a new lease
  • Making significant capital investment
  • Incorporating new technology that requires existing workforce to be trained

It should be noted that incentives are a "but for" proposition (e.g., "But for the incentives offered through the state of Florida, Company X would not have chosen to expand here.") Therefore, it is crucial to begin working on this process prior to making any final decisions on the expansion.


Eligible Industries

Florida targets companies that are creating high wage jobs in the following for-profit industries:

  • Manufacturing
  • Life Sciences
  • Financial / Professional Services
  • Clean Tech
  • Research & Development
  • Aviation / Aerospace
  • Homeland Security / Defense
  • IT
  • Global Logistics
  • Headquarters (regardless of industry)

Retail, utilities, mining and other extraction or processing businesses are ineligible.


Stay tuned for Part 2 to find out what types of programs and benefits are available. 

If your business is expanding, please contact Molly at MWendland@CBIZ.com or 816.945.5264 to see if your company may be eligible for these incentives.

September 28, 2015

The Tampa Bay Business Journal has announced the finalists for the 2015 Up & Comers Awards. A panel of four volunteer executives from the business community spent two days with almost 200 nomination packets and found 46 Up & Comers to introduce to the Tampa Bay business community.

Shaun McClung from CBIZ MHM Tampa Bay was selected as one of the 2015 finalists. Shaun is a Tax Senior Manager and focuses on providing tax consulting and compliance services for public and privately-held clients in a variety of industries.

Join us in honoring Shaun and all of the finalists at their awards gala on October 29th. For more information on registration, contact TBBJ Events Manager Briana Sellers at bsellers@bizjournals.com.

The full list of finalists was announced on September 25th on the Tampa Bay Business Journal website.


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