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August 7, 2015

The Tampa Bay Business Journal is now accepting nominations for its inaugural 2015 Outstanding Directors Awards sponsored by CBIZ MHM Tampa Bay and Foley & Lardner. The awards will honor three boards and four individual board members for their work in helping their organizations thrive.

“While there is a wide range of publicly traded companies, privately held firms and nonprofit agencies in Tampa Bay, what they have in common is strong boards,” Bill Tapp, Senior Managing Director at CBIZ MHM Tampa Bay said in an interview with Margie Manning, Print Editor of the Tampa Bay Business Journal.

Award categories include the following:

  • Public Company Director (individual)
  • Private Company Director (individual)
  • Nonprofit Director/Trustee (individual)
  • Public Company Board (entire board)
  • Private Company Board (entire board)
  • Nonprofit Board (entire board)
  • Lifetime Achievement (individual)
Nominations are now open until September 4 and the awards program is November 19. Fill out your nomination form here: http://ow.ly/PKNvB



August 4, 2015

Impending accounting changes may mean more businesses decide to reconsider their customer loyalty programs. Initiatives that provide incentives to returning customers allow companies to track client purchasing activity but can also trigger unclaimed property exposure, cybersecurity liabilities and other risks. A recent article by CBIZ MHM Managing Director, Brad Hale, discusses the new revenue recognition guidelines, which begin to roll out in 2018, and how they may have more businesses deciding their customer loyalty programs are not worth the risk.

Entities currently have two options to account for loyalty programs: the cost/provision method or the revenue deferral method. The favorable cost/provision method however, will soon be going away. The new revenue recognition guidance makes the revenue deferral accounting method mandatory, leaving companies with the difficult decision of whether or not they want to take on the liability of recognizing the revenue associated with the customer loyalty program.

The new revenue recognition guidance is complex and organizations should review the new standard now to prepare for the implementation date. Public entities will adopt the guidance for annual periods beginning after December 15, 2017, and private entities will adopt for annual periods after December 15, 2018, and interim periods after December 15, 2019.

Revenue recognition is not the only liability associated with customer loyalty programs. For more information about other risks, read the full article here.

If you have any accounting advisory needs, please contact Brad at bhale@cbiz.com or 727.572.1400.



July 29, 2015

For the second consecutive year, CBIZ MHM Tampa Bay has been named one of the 2015 Best Companies to Work for in FL by Florida Trend.  We were ranked 13th in the “Best Large Companies” category, recognizing those companies with more than 250 employees in the State of Florida. To participate, companies had to employ at least 15 workers in Florida and have been in operation at least one year. Companies that chose to participate underwent an evaluation of their workplace policies, practices, philosophy, systems and demographics. The process also included a survey to measure employee satisfaction. The combined scores determined the top companies and the final ranking.

Bill Tapp, Senior Managing Director, commented, “We are honored to receive this recognition and have our outstanding CBIZ MHM Tampa Bay employees to thank for our continued success.”

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



July 22, 2015

The Tampa Bay Business Journal has announced the 50 finalists for the 2015 BusinessWoman of the Year Awards. This award recognizes the accomplishments and leadership of outstanding women who are role models to businesswomen in the Tampa Bay area.

Cindy Mull, CBIZ MHM Tampa Bay Managing Director, was selected as one of the 2015 finalists for her role in the firm's merger and acquisition activity while managing oversight of all financial reporting. Join us in honoring Cindy and all of the 50 finalists at their awards gala on August 28th. For more information on registration, contact TBBJ Event Manager Briana Sellers at bsellers@bizjournals.com.

The full list of finalists was announced July 10th on the Tampa Bay Business Journal website.



July 14, 2015

The 2015 Fast 50 finalists were invited to a VIP reception at One Buccaneer Place last week to recognize their accomplishment for being selectedas one of the fastest growing organizations in Tampa Bay. The event kicked off with Tampa Bay Business Journal’s Bridgette Bello welcoming remarks along with a few words from presenting sponsors, CBIZ MHM’s Bill Tapp, and Trenam Kemker’s Marie Tomassi. Former Buccaneer MichaelClayton made a guest appearance at the event as well.

The annual Fast 50 list is the fastest growing companies in Tampa Bay based on three years of revenue by percentage growth over that time. The companies have to be headquartered in the Tampa Bay area and have a minimum revenue of $1 million in 2012.

The ranking order of the fastest growing, privately held companies in Tampa Bay will be revealed at the 2015 Fast 50 Awards Luncheon on July 23 at A La Carte Event Pavilion.





July 6, 2015

In December 2013, the Office of Management and Budget (OMB) published policy changes in the Federal Register regarding all aspects of federal awards including the administrative, allowable cost principles, and audit requirements that not-for-profit organizations must comply with when contracting with a federal agency. The new guidance is a key component of the Administration’s larger effort to more effectively focus Federal grant resources on improving performance and outcomes while ensuring the financial integrity of taxpayer dollars.

In December 2014, this uniform guidance became effective, and OMB published changes to the original guidance under the Joint Interim Final Rule. By streamlining eight Federal regulations into a single, comprehensive policy guide, the government can better administer the $600 billion awarded annually for grants and other types of financial assistance by decreasing administrative burden for recipients and reducing the risk of waste, fraud, and abuse.

One of the biggest challenges facing these not-for-profit organizations is understanding the impact of OMB’s recent publication of the Uniform Grant Guidance. Our professionals can help. We provide consultation on:

  • Analyzing needed changes to purchasing policies
  • Educating staff on changes to allowable cost principles
  • Analyzing indirect cost rate changes
  • Providing best practices and timelines to assist with compliance
For more information about how OMB’s Uniform Grant Guidance will impact your organization, contact Tracey McDonald, CBIZ MHM Managing Director, or Craig Gilman, CBIZ MHM Managing Director, at 727.572.1400.






June 25, 2015

Dave Enick, Managing Director of CBIZ MHM Tampa Bay is featured in a CBIZ Biz Tips video, “Ensuring a Strategic Fit in Today’s M&A Market.” The video provides insights into what you need to look for, both internally and externally, with your business to ensure success in the M&A market.

Do you have a plan in place for selecting a strategic advisor for your M&A transaction? Learn more about best practices by watching this video:


If you have further questions about transactions or deal flow, feel free to contact
Dave Enick, CBIZ MHM Managing Director, at 727.572.1400 or denick@cbiz.com.




June 17, 2015

CBIZ MHM Tampa Bay is proud to be a presenting sponsor along with Trenam Kemker for the Tampa Bay Business Journal’s 2015 Fast 50 event. The annual Fast 50 list is the fastest growing companies in Tampa Bay based on three years of revenue by percentage growth over that time. The companies have to be headquartered in the Tampa Bay area and have a minimum revenue of $1 million in 2012.

The list of 2015 finalists cover a wide variety of companies in the Tampa Bay area ranging from financial services and law firms to construction services.

The ranking order of the fastest growing, privately held companies in Tampa Bay will be revealed at the 2015 Fast 50 Awards Luncheon on July 23 at A La Carte Event Pavilion.






June 12, 2015

CBIZ MHM Tampa Bay hosted several LinkedIn and Twitter training sessions last week for internal employees to gain a better understanding of what the different platforms offer and how to leverage them.

“Our goal of the trainings was to show employees how social media can be a valuable relationship tool” said Megan Murdock, CBIZ MHM Tampa Bay Marketing Manager.

Our employees left the training sessions with more confidence in how to use different social channels and how to be effective with content they are sharing.

Follow us on Twitter @CBIZTampaBay, connect with us on LinkedIn: CBIZ MHM (Tampa Bay), and subscribe to our local blog for more information from our Tampa Bay office.




June 9, 2015

CBIZ MHM Tampa Bay was proud to be a sponsor of the 2015 USF Accounting Circle Conference. The 2-day conference included presentations on a variety of accounting topics, including risk management, standard updates, cybersecurity in financial services, and audit quality.

Brad Hale, Managing Director of CBIZ MHM Tampa Bay, presented on where to start with revenue recognition to an audience of more than 550 attendees.

This annual event is hosted by the Accounting Circle and welcomes USF alumni and professional partners to participate in a hands-on continuing professional education conference. The mission of the Accounting Circle is focused on engaging the Lynn Pippenger School of Accountancy, enhancing student professional development, and promoting student and faculty success through impactful opportunities which engage the Tampa Bay business community in support of USF students and faculty.




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