Local Office Blogs

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April 30, 2015

A group from the Phoenix office Tax Department recently competed in the 2015 Pat's Run. Pat's Run is a 4.2 mile race to support the Pat Tillman Foundation. Founded in 2004, the Pat Tillman Foundation invests in military veterans and their spouses through educational scholarships – building a diverse community of leaders committed to service to others. Pictured below from left to right:

Nicholas Blakiston - Tax Senior Associate, Katie Shotwell - Tax Staff Associate, Danielle Fuentes - Tax Manager, Rida Abbasi - Tax Staff Associate and Armand Slason - Tax Senior Associate

Thank you to all involved for their support!

April 30, 2015

Please join us for our upcoming Not-For-Profit Seminar to be held on Tuesday, May 19th at The Ritz Carlton. Attendees will receive timely information on relevant not-for-profit topics and practical guidance in the following areas:

What Your Auditors will be Looking for in 2015

Update on accounting and auditing standards that impact not-for-profit and healthcare organizations. Discussion surrounding the recently             released FASB Proposed Accounting Standards Update, Presentation of Financial Statements of Not-for-Profit Entities.  In addition, we will provide details regarding the newly effective COSO framework for internal controls, and the potential impact that this new framework could have on your not-for-profit or healthcare organization in 2015 and in the future.

State & Local Taxes in the Not-For-Profit Environment

As not-for-profit organizations look to attract and retain great talent, individuals may be hired to work beyond the organization's home state. This may trigger sales/use, income, payroll and other tax complexities and possibly additional state tax filings. Will the activities and operations be considered tax-exempt in the new state, does the state have special rules governing the measurement of unrelated business income tax, will there be a requirement to apply for exemption in the state?  Moreover, there are varying rules regarding requirements to register for charitable solicitation, and there are no steadfast rules that consistently apply in every state.



Dave Miller, CPA - Managing Director - Dave directs our Arizona and Western Region Not-For-Profit practice and is a member of the CBIZ/MHM National Not-for-Profit Steering Committee.     

Allan Klose,  CPA - Senior Audit Manager - Allan is a key member of our Not-For-Profit industry practice group.

Amy O'Loughlin, CPA - Senior Tax Manager - Amy sits on the CBIZ Not-for-Profit Practice Group Steering and Technical Committees.

This seminar is free of charge to all attendees and will include a free continental breakfast. All attendees will receive 2 FREE CPE credits.

To register for this event, please click here.

April 30, 2015

Minneapolis Senior Manager, Kelli Cloutier, has been honored by Augustana with the 2015 Forward Under 40 Award. Kelli has worked with CBIZ MHM, LLC for almost eight years and has moved up the ranks at a fast pace due to her hard work and dedication to her team and her clients.

Kelli had the pleasure of being intereviewed by Augustana about her professional and personal life. Here is a glimpse of what Kelli had to say about life after Augustana:
Q. Tell us about your career – what’s an average day like?
A. My day-to-day work life varies quite a bit; that's one of the reasons why I love my job. I work with lots of different clients throughout the year, helping them with financial statement requirements either for bank loans, investor needs or just for internal use. My job as an auditor is to provide a skeptical review of a Company's financial statements and ensure that they appropriately represent the Company's financial position and operations. This consists of working with staff that I manage, as well as partners that manage me, and visiting client's office to speak with them and review information.
Q. Greatest challenges and best rewards of your current role?
A. One of the biggest challenges I have currently is juggling the various roles of a manager. I have to manage staff that work for me and at the same time "manage upward" when working with partners. One of the most difficult aspects of public accounting is that I don't have one specific boss, but several different bosses, and each of them have slightly different personalities and styles. It's a challenge to adapt quickly when working with different people. One of the best rewards is helping clients navigate through difficult financial times and provide advice or assistance in making it through. It's great to work with so many different companies and get a real feel for the business environment in the Twin Cities.
Q. Greatest professional accomplishment thus far?
A. I've moved up through the ranks of the firm pretty quickly. I'm the youngest senior manager in my office. While titles aren't that important to me, I'm happy that my hard work and success are being recognized by my company and I'm looking forward to continuing to contribute to the success of my firm and the success of my clients.
Q. What’s next for you professionally?
A. My goal is to become a partner in my accounting firm so I'll continue to work toward that. In the meantime, I'm looking forward to continuing to help my clients navigate their financial issues.
Q. If you could offer a prospective or existing Augie student some advice, what would you say?
A. Augie is a fantastic school that teaches you how to learn and how to think for yourself. Take advantage of all the various activities that Augie has to offer, campus life, co-rec sports, UBG events, Boe Forum, etc. and continue to be active in your community and attending learning events after you graduate. Being well-informed of what's going on in the world can help you keep perspective and achieve more in your daily life.

You can get to know Kelli more by reading the full article here.

If you have any questions for Kelli, please reach out to her at 612.376.1254 or kcloutier@cbiz.;com.


April 24, 2015

For the tenth consecutive year, CBIZ MHM Tampa Bay has been named one of the 2015 Best Places to Work by the Tampa Bay Business Journal.  Finalists were selected by an independent research firm employing various research techniques – including an online survey for employees that measured engagement categories including team effectiveness, trust in senior leaders, feeling valued, manager effectiveness, compensation and benefits.

CBIZ MHM Tampa Bay has also been named a 2015 Top Work Place for the fourth consecutive year by the Tampa Bay Times. These companies have been recognized as Top Workplaces based solely on surveys about the workplace completed by their employees.

Bill Tapp, Senior Managing Director, commented, “We are honored to receive these recognition's and could not have done it without our remarkable and talented CBIZ MHM Tampa Bay employees.”

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

April 23, 2015

Oscar Diaz, Sr. VP of CBIZ Benefits & Insurance Services in our Tucson office will be featured at the upcoming Marana Chamber of Commerce Business Connection Quarterly Luncheon. Oscar will be speaking on the topic of Healthcare Reform & Your Business along with the CEO of MHC Healthcare, Clinton Kuntz, and the CEO of Northwest Healthcare, Kevin Stockton.


April 22, 2015

What is the prescription to making a community healthier? That’s exactly what President of CBIZ Benefits & Insurance Services of Kansas City, Carolyn Watley, is looking to answer as part of the leadership task force for the new Healthy KC Program. This innovative program focuses on solving the area’s greatest health and wellness challenges, while bringing together some of the top health and wellness leaders and civic partners, including The Greater Kansas City Chamber of Commerce and Mayors from both Kansas City, MO and Kansas City, KS.

Watley is leading the subgroup challenged with addressing the issue of promoting a Healthier KC in the Workplace. We are pleased to be a part of this initiative and look forward to hearing about the progress that is made in the coming months!

Read more about the Healthy KC program at wearehealthy.com, and learn how you can help Kansas City become a leading community for health and wellness.

April 21, 2015

Eustis Corrigan, Senior Managing Director of the Memphis officeparticipated in a Thomson Reuter's tax chat on Twitter. Using the hashtag (#ReutersTax), Eustis and several other "taxperts" across the U.S. answered questions in 140 characters or less.

The following questions were asked by various followers and answered by Eustis (EC):

  1. What are some common tax mistakes?
    • EC: Common mistakes include bad math and misspelled names; misclassification of dividend income as well
  2. Can you explain the tax impact on pre-tax contribution to 401(k) vs after-tax contribution?
    • EC: A pre-tax contribution is not subject to federal income tax and reduces AGI for c/y; tax is deferred until withdrawal is made
  3. What’s your advice to folks who don’t have the cash to pay their taxes?
  4. Is there any way for a grandparent to get a Federal tax break while contributing to their grandchildren's education? [Follow-up: What about 529s from grandparents? Tax impact vs. savings mechanism]
    • EC: A direct payment of tuition is not subject to gift tax; no other tax break
    • EC: The earnings of a 529 plan are tax free IF used for qual education expenses
  5. What will happen if I don’t file my taxes?
    • EC: If you don't file your taxes you will likely receive notices or a visit from your friendly IRS agent!
  6. How do I file for an extension? (And what are the penalties?)
    • EC: File form 4868; if you owe with your extension avoid penalties by paying all taxes owed by the original due date
  7. Should I pay for my taxes with a credit card?
    • EC: Pay taxes with a CC only as a last resort; it is always an economic analysis that should include interest/fees
    • EC: If you have a good relationship with a banker try that route first; interest rate and terms might be better
  8. What’s the craziest tax deduction you've ever heard of?
    • EC: Great question! Deducting the cost of a Mardi Gras ball costume and dues
    • EC: Also cost of cat food at a salvage yard; cats kept snakes and rats off property!
  9. How can we report dividend income from schedule K if the schedule is not available at the time?
    • EC: You may need to file an extension until you get the Schedule K-1
    • EC: The IRS matches K-1s so in order to avoid notices be safe and extend
  10. Should a loan modification be treated as a cancellation of debt?
    • EC: It depend if the modified terms result in a significant modification under IRC sec. 1001; consult tax advisor
  11. What’s the best way to avoid an audit?
    • EC: Sometimes an audit is unavoidable due to random selection; stay honest/keep good records/use a specialist
  12. I got a refund! Should I use it to pay down debt or invest it? Any other tips?
    • EC: Pay your CPA if you used one! Fund an emergency account first then pay down debt.

To view the full conversation click here or search for #ReutersTax on Twitter. If you have further questions regarding any of the above, please contact Eustis Corrigan at ecorrigan@cbiz.com or 901.685.5575. You can also follow Eustis on Twitter @eustiscorrigan for more tax insights.

April 20, 2015

The Phoenix office is proud to announce the selection of two of our employees, Aaron Banda and Allan Klose, to the Emerging Managing Director Academy, class of 2017!

Aaron Banda is a Senior Manager in the Tax Department who has been with CBIZ MHM for over 8 years. Aaron’s expertise ranges in various industries which include distribution, wholesale, manufacturing, services, real estate, and construction.  His concentrations are in tax compliance, tax planning and tax accounting for high net worth individuals, pass-through and corporate entities.  He also specializes in preparation of partnership and corporate returns with multi-state and foreign activity as well as quarterly tax planning and FAS 109 preparation.

Allan Klose is a Senior Manager in the Audit Department who has been with CBIZ MHM for over 8 years. Allan provides guidance on issues pertaining to nonprofit accounting including contribution accounting, agency transactions, and endowment accounting. Allan has extensive experience in assisting clients implement SFAS 157, Fair Value Measurements (FASB ASC Topic 820).

The Emerging Managing Director Academy's goal is to make sure that newly promoted Managing Directors make the best possible start in their new role.  This program helps them achieve a higher level of self-awareness and self-development, combined with relevant business, people development and leadership skills. 

Congrats to both Aaron and Allan! We wish you both the best of luck!

April 16, 2015
CBIZ MHM Phoenix was recently ranked the #2 best accounting firm in Arizona (26+ CPAs) by 2015 Ranking Arizona: The Best of Arizona Business. 

Ranking Arizona is the largest business opinion poll in Arizona. Participants who vote base their opinions on quality, services and people. This ranking is a testament to the hard work and dedication of all of our employees! Congrats to the Phoenix team!

April 16, 2015

Zandra O'Keefe featured on The Ambulatory M&A Advisor discussing real-estate tax tips that physicians may overlook. Please click here to view a copy of the article.

If you have further questions regarding the article or general healthcare tax issues, feel free to contact  Zandra, at 602.650.6204 or zokeefe@cbiz.com.  


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