Local Office Blogs

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November 21, 2013
Managing Director, Eustis Corrigan, in the Memphis office has co-authored a new whitepaper on Tangible Property Regulations, taking the complex final tangible property regulations and distilling them down to the key issues most likely to impact or benefit your business.
"The tangible property regulations (TPRs) are the most dramatic changes in tax law to affect businesses since the overhaul of the Internal Revenue Code in 1986. The TPRs apply to all forms of business, whether a "C" corporation, an "S" corporation, a partnership, an LLC, a sole proprietorship (Schedule C on individual return), or a rental (Schedule E on individual return)."
It's important to note that the tangible property regulations become effective January 1, 2014. Find out the issues that require immediate action by taxpayers and view a checklist of questions that highlight tax opportunities your business may be missing in this helpful guide: Capturing Tax Opportunities Within the Final Tangible Property Regulations. If you have any questions on these complex rules and related tasks, feel free to contact Eustis Corrigan at ecorrigan@cbiz.com or 901.685.5575.

November 19, 2013

The Memphis office held their bi-annual CFO/Controller Conference November 13th at the University of Memphis Fogelman Center.

One hundred financial leaders in the Mid-South attended the half-day event where they gained insight into the current challenges in the industry including the ever-changing issue of healthcare reform. The first of four presentations given by PeopleCap Principals, Howard Cleveland and Andy Nix, spotlighted the importance of having a people strategy both in the process of hiring and in the management of current employees. Their long-term picture of employee engagement outweighing any benefits a company may offer served as a launching pad for Steve Dunavant and David Gearhardt's topic of the current financial environment of which CFOs are having to navigate.

The Affordable Care Act, though continuously changing, is putting an added burden on both CFO and HR professionals in the area of employee health benefits. Perhaps the most frustrating is the absence of much control over the impeding requirements.

Jenny Kiesewetter, Founding Member at Kiesewetter Law Firm PLLC, recognizes the shift of risk management from the collective "House Money, House Rules" way of thinking to placing more responsibility on the employee. The transfer of risk leaves many individuals with the choice to leverage private exchanges within the marketplace. Kieswetter clearly recognized this "industry trend" during her presentation on "The Future of Employer-Provided Healthcare."

The conference came full-circle with the final Q & A portion presented by a selected panel of CFO and HR professionals in the Memphis area. A common theme throughout this session was the growing partnership between the financial and human resources department at companies across the Mid-South. The panel represented some of the most well-respected companies and professionals in the local community: Perkins & Marie Callender's, nexAir, Bryce Corporation and Fred's. Though healthcare plans and benefits varied across the stage of businesses, all agreed that they are keeping a close eye on the healthcare reform and its effects on their employees.

Marcia Vargas, Sr. Vice President of Human Resources at Fred's, said it best, "We can no longer rely on benefits as the lever for employee satisfaction and recruitment. We are going to have to identify other ways to create employee engagement."

Healthcare is certainly changing the way employees view their employer. If our conference has any one takeaway, it is that Memphis businesses deeply care for their employees and their health.

November 14, 2013

As discussed in our last post, our local office has decided to take the national food drive theme, "Heroes Against Hunger," and incorporate a Memphis twist, using Elvis as our hero.

"Ladies & Gentleman, Hunger Has Left the Building," has taken on a life of its own at CBIZ MHM.

Last week, three of our employees dressed up as the Elvis trio, taking pictures with those who had donated money to our collection for the Mid-South Food Bank. The three posed in front of our creative display - a handmade stage, complete with LED lighting, made by one of our own staff members. The office held a "jeans day" on Friday and employees enjoyed a bake sale this week, another fundraising event for our food drive.

We are looking forward to our final event of our local food drive, Pie-A-Partner, which will be a chance for employees to throw a pie at their Managing Director of choice!

November 8, 2013

It's no surprise to today's CFOs and HR Directors that the ever-changing dynamics of healthcare legislation are presenting new challenges in day-to-day business operations. From the benefits perspective, HR and finance professionals are having to work closer together now than they ever have in the past.

These ideas will feed into our Q & A portion of our CFO/Controller Conference on Wednesday, November 13th. Our own CBIZ representatives and moderators, Linda Lauer of the Memphis office and Karen Fenaroli of EFL Associates, Inc., will help lead a panel of experts in discussion over healthcare reform and business strategy. Panelists will include:

  • Barbara Anderson, Sr. Director/Benefits & Compensation, Perkins & Marie Callender's
  • Milton Lovell, CFO & General Counsel, nexAir
  • Ramon Marus, CFO, Bryce Corporation
  • Marcia Vargas, Sr. Vice President/Human Resources, Fred's
These influential Memphis leaders will share their own experiences, best practices, and lessons they have learned so far in dealing with new legislation in healthcare, including the Affordable Care Act. Though the panelists will be taking questions from the audience, if you already know of something you'd like discussed during this presentation, please feel free to send your questions over Twitter using #CFOConf @CBIZCFOConf or leave a comment below. Quick! Seats are running out fast. Pre-register for the event here.

November 5, 2013

As featured yesterday on the national CBIZ blog, the 5th annual national CBIZ food drive has begun! We are proud to be a part of this incredible company-wide competition which has raised more than 2 million pounds of food over the last four years.

This year's national theme is "Heroes Against Hunger," and we have come up with our own take on that idea. This morning we kicked-off our local food drive with a special breakfast. A representative from the Mid-South Food Bank discussed our local needs and fundraising plans. The King himself presented the 2013 CBIZ MHM Memphis Food Drive theme, "Ladies & Gentlemen, Hunger Has Left the Building."

Elvis is most certainly a hero to Memphians (his signature look even includes a cape), and we're excited to incorporate him into our local office theme! Employees bought their way into this morning's event by bringing some of Elvis' favorite foods:

Peanut Butter (Skippy was the King's preference, but all brands accepted)

Pinto Beans & Jiffy Cornbread Mix (Elvis loved beans and skillet cornbread)

Apple Pie Filling (His favorite dessert was deep dish apple pie)

The CBIZ National Food Drive runs through November 15th. Stay tuned for more information and pictures from our efforts in the Memphis office!



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