Local Office Blogs

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September 23, 2015

CBIZ MHM Tampa Bay was a sponsor at the 2015 Introductory Collaborative Practice Training event earlier this month. More than 80 people were in attendance for the two day training seminar at the St. Petersburg Yacht Club. The seminar included both civil and family law professional trainers who led break-out groups with Civil Collaborative Role Play exercises and a lunch panel discussion with highlights of actual civil collaborative cases.

The event was hosted by Next Generation Divorce, Tampa Bay Collaborative Divorce Group, and Florida Civil Collaborative Practice Group. The training was geared towards both Civil and Family Law attorneys, mental health professionals, financial professionals, and mediators.

Our Tampa Bay Forensic and Financial Services Group has participated in numerous collaborative divorce cases by serving as the financial neutral. To explore how to engage CBIZ MHM for your collaborative team, contact Anthony Phillips at 813.594.1400 or Anthony.phillips@cbiz.com.

September 17, 2015

The Securities and Exchange Commission (SEC) is bringing additional transparency to the ever-controversial topic of executive compensation. One finalized and two proposed rules would require publicly traded U.S. companies to be more forthcoming with data related to the pay of their top employees.

  1. A recent article by Tampa Bay Managing Director, Brad Hale, discusses the new final and proposed SEC rules detailed below. The recently finalized pay ratio disclosure asks that publicly traded companies include information about the difference between the CEO's total compensation and the average worker's total compensation.
  2. A proposed rule on pay versus performance disclosures would require public companies to disclose the relationship between executive compensation and shareholder return.
  3. A proposed "clawback" rule would require public companies, in the event of a restatement, to recover any incentive-based compensation that was incorrectly distributed.

Should the two proposed rules become finalized, the SEC would have fulfilled all of its mandates with respect to executive compensation.

Public companies subject to the new requirements and proposed rules need to get a jumpstart on making the necessary changes. In addition to meeting their compliance burdens, companies will need to prepare for the increased access investors and the public will have to your company's compensation practices. By acting early, companies have time to address any potential obstacles that may arise as they implement the standards.

For more information about the final and proposed SEC rules, read the full article here. If you have questions about the SEC requirements and their impact on your executive compensation programs, please contact Brad at bhale@cbiz.com or 727.572.1400.

September 14, 2015

The IRS is developing a technology solution that would streamline its ability to release digital copies of the Form 990 tax information filings. An announcement about the option comes from a U.S. district court ruling that ordered the IRS to produce digitally readable Forms 990 of nine organizations. Currently, the IRS releases digital copies of Forms 990 as image files.

A recent article by Tampa Bay Managing Director, Betty Isler, discusses how the new software would produce versions of the Forms 990 in the Metadata Exchange Format, also known as a machine-readable format and remove any personally identifiable information from the Form 990. It is slated for release in early 2016.

The announcement indicates the IRS is preparing to respond to more requests for Forms 990 in digitally readable files. Not-for-profit organizations should prepare for the demand as well. Digitally readable files make Forms 990 easier to aggregate, and allowing not-for-profits, the public, and other interested parties additional ways to compare not-for-profits to one another.

For more information about how these Form 990 developments could affect your organization, please contact Betty at bisler@cbiz.com or 727.572.1400.

September 9, 2015

The Tampa Bay Business Journal held the 11th annual Business Woman of the Year awards last week before a sold-out crowd of 600. There were a total of ten categories with Susan Stackhouse being the overall winner of the 2015 BusinessWoman of the Year award.

50 finalists were reviewed by an independent panel of judges that considered more than 200 nominees. All finalists have demonstrated outstanding leadership and are role models to businesswomen in the Tampa Bay area. Cindy Mull of CBIZ MHM Tampa Bay was one of the finalists this year for her role in directing the firm’s operations and managing oversight of all financial reporting in Florida.

Congratulations to all women selected as 2015 BusinessWoman of the Year finalists. For a full list of category winners, click here.

For more information on how CBIZ supports the development of women in business, visit our CBIZ Women’s Advantage page.

September 1, 2015

CBIZ MHM Tampa Bay partnered with Hill Ward Henderson and Merrill Lynch for a DOL Roundtable earlier this month at Capital Grille. This seminar provided practical information to be aware of as it relates to the integrity of employee benefit plans.

The panel of speakers included the following:

The main takeaways from the roundtable were how the DOL is taking action against plan sponsors, highlights of recent litigation involving benefit plans, and best practices to ensure plans are in compliance. Additionally, Jenny reviewed the recent EBP Audit Quality Study published by the DOL which revealed that nearly 4 in 10 EBP audits in the 2011 plan filing year contained major deficiencies and failed to meet regulatory standards.  This study’s findings make it even more important for companies to conduct thorough due diligence when selecting an auditor for their plan.

For more information regarding how DOL enforcement is impacting your employee benefit plan, contact Jenny Matasic at 727.572.1400 or jmatasic@cbiz.com.

August 25, 2015

CBIZ MHM Tampa Bay understands the challenges of operating in the nonprofit sector, and we provide the support that makes it easier for you to focus on core functions. Below are some of the exciting things happening in our national and local Not-for-Profit practice.

  • Monthly e-Newsletter – CBIZ & MHM publishes the Not-for-Profit Viewpoint, a monthly e-newsletter on the subjects affecting the NFP industry.  The latest newsletter featured topics such as Top Audit Risk Points and How to Triage a Website Breach.
  • National Webinars – CBIZ & MHM produce complimentary, CPE-certified webinars.  One webinar of note coming up on September 17 will focus on “Controlling and Managing Healthcare Costs – Practical Guidance to Maximizing Value.”
  • Local Roundtables – As new guidance and regulations are issued, we regularly respond with in-person education opportunities for the Tampa Bay area.  Most recently, we produced a 3-part breakfast series on the new OMB Uniform Guidance for recipients of federal funding.
  • Forbes America’s Best Employers – CBIZ was recognized this year as the #1 Accounting Employer in America by Forbes.  Additionally, our Tampa Bay practice was recognized again by TBBJ, Tampa Bay Times, and Florida Trend as a Best Place to Work.  What does this mean to you?  We focus on recruiting and retaining the best talent, so our clients get the best of the best on their engagement teams.
  • Board Governance Presentations – Our professionals regularly make presentations to NFP Boards of Directors on best governance practices. These 1-2 hour presentations cover best practices, board member roles and responsibilities, and fiduciary risks and liabilities.
  • Tampa Bay Business Journal’s Outstanding Board of Directors Awards – In appreciation for the service Boards of Directors provide to NFPs like yours, consider nominating a valued Board member in TBBJ’s newest awards.  CBIZ & MHM are proud to sponsor these awards.  Nomination information can be found here.

If you would like to learn more about any of these specific items or have questions for our NFP experts, contact Craig Gilman at cgilman@cbiz.com or Tracey McDonald at tracey.mcdonald@cbiz.com.

August 21, 2015

The Tampa Bay office of CBIZ MHM celebrated the first half of the year with food, beverages, and the beach at our summer party. The main objective of the summer party is to say “thank you” to our team members.

All employees were invited to the annual Summer Party event hosted by the social committee. Employees and their families gathered at the Hilton on Clearwater Beach for a day filled with fun and games despite the rainy weather.

For more information about how you can join our Tampa Bay team and participate in our team building activities like Summer Party, visit our Careers page.

August 18, 2015

Tracey McDonald and Craig Gilman represented CBIZ MHM Tampa Bay at the Florida Association of Community Health Centers 2015 Annual Conference. 22 speakers and more than 130 people were in attendance for the three day conference at the Vinoy Renaissance in St. Petersburg.

The theme of the conference, “FQHCs: Knowing Your Value,” presented opportunities for centers to look inward and develop strategies that will increase their value to the communities they serve. The conference helped to build on the experiences and best practices to help centers thrive in the changing health care environment.

One of the biggest challenges facing CHCs and other not-for-profit organizations which receive federal funding is understanding the impact of OMB’s recent publication of the Uniform Grant Guidance.  The risk of non-compliance is the loss of federal funding to your organization. To find out more about how CBIZ & MHM can help you reduce the risk of losing federal funding, contact Tracey McDonald at 813.316.4051 or Craig Gilman at 727.572.1400.

August 14, 2015

More than 500 people showed up for the Tampa Bay Business Journal’s Fast 50 event at A La Carte Pavilion, announcing the 50 fastest-growing companies in Tampa Bay.

CBIZ MHM Tampa Bay has been a proud sponsor of this event for the past nine years. The minimum threshold for companies is $1 million in annual revenue. The event also ranked the Top 10 in volume dollar growth from 2012 to 2014.

FSA Inc. topped the list of 50 finalists with 2356.56% revenue growth from 2012 to 2014 and Morgan Auto Group came out on top for volume dollar growth with $108.96 million from 2012 to 2014. For the full rankings, click here.

Congratulations to all companies selected to be part of the Class of 2015 Fast 50. For more information on how CBIZ MHM Tampa Bay can assist your fast growing company, visit us here.

August 12, 2015

Mayer Hoffman McCann P.C. (MHM) recently completed its annual Board of Directors and Officer elections. Bruce Murphy, Attest Practice Leader of CBIZ & MHM Tampa Bay, was re-elected for his second term on the MHM board.

Bruce has more than 30 years of experience working on both private and publicly-held companies. He has been with the firm for five years since joining by acquisition in 2010 and serves as the Attest Practice Leader for the Tampa Bay practice. Bruce has extensive experience with all aspects of audit, review, compilation, and business advisory services. In particular, he has significant experience with SEC reporting and initial public offerings. Murphy also serves as the Finance Chair for Copperhead Charities.

Click here for the full press release regarding the annual elections.


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