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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 29, 2015

CBIZ & MHM Memphis is thrilled to announce our selection as one of the Memphis Business Journal’s Best Places to Work. The Best Places to Work is a list of the top workplaces in the Memphis metro area, which is determined solely on employee feedback.

The employee survey is conducted by Quantum Workplace, a national research firm.  We are honored to have been selected as a finalist, particularly as the judges were our employees!

As part of this year's nomination process and employee engagement surveys, CBIZ & MHM Memphis was named a finalist in the category for mid-size companies.  Official winner will be announced in a Best Places to Work special section in the October 30, 2015 print edition of the Memphis Business Journal.

To see the official announcement from the Memphis Business Journal, click here.  Interested in working for us?  To explore career opportunities at CBIZ, visit: www.cbiz.jobs




September 28, 2015

To support the highway system, the federal government, states and some jurisdictions impose a tax on motor fuel consumption. Fuel tax rates and exemptions vary on the federal, state and local level. Additionally, there are a number of fuel tax exemptions, which further complicates fuel tax planning.

If your company transports cold goods, if you use diesel particulate filters, pave roads, provide bus services or export goods, you may benefit from a CBIZ MHM fuel tax refund study. These studies help companies meet their fuel tax obligations while maximizing the benefits of the available exemptions.

Learn more about CBIZ MHM Fuel Tax Refund Studies.




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.



September 25, 2015

Featured in The Memphis Daily News, Senior Managing Director Eustis Corrigan explains why he is passionate about his [now] home of Memphis, TN.

The “I Choose Memphis” special feature on the Daily News website spotlights Memphians who are passionate about calling this community home.  Profiles are provided by a local non-profit, leadership development organization called the New Memphis Institute.

Corrigan, a Louisiana native, talks about some of his personal favorites in Memphis as well as his first memory of the Bluff City.

Eustis has more than 25 years of comprehensive tax, accounting, and strategic business consulting experience, the majority of which he served as a tax services partner with an international accounting firm. Prior to joining CBIZ, Eustis was a tax partner with a Top 50 accounting firm, where he held a leadership role for all tax services. His career also includes serving as the Chief Financial Officer for a publicly-traded, Southeast-based regional bank holding company.

For more information on Eustis Corrigan,
view his bio on our website.  To view the full Memphis Daily News feature, click the button below.


 




September 23, 2015

This seminar will include discussions surrounding the following topics:


FASB Update and Simplification Project


FASB's New Revenue Recognition Standard


Going Concern - A New Accounting Standard


Report from the Hill - Legislative Update


IRS Update


Judicial Update

 




September 23, 2015

Fiduciary Training: Roles, Responsibilities & Liabilities

A plan fiduciary’s failure to comply with the strict fiduciary standards imposed by the Employee Retirement Income Security Act of 1974 (ERISA) may have serious consequences, including personal liability and enforcement actions by the Department of Labor (DOL). Therefore, CBIZ MHM feels it is vital to educate those who oversee and administer ERISA plans about their fiduciary obligations. This training will assist those responsible for overseeing employee benefit plans in understanding the fiduciary responsibilities under ERISA and how to manage the associated liabilities from both a legal and corporate compliance perspective. 

Many corporate officers do not feel comfortable with their level of understanding of even basic issues regarding plan governance. Frequently, plan documents do not accurately reflect day-to-day plan administration. In both of these circumstances, corporate officers and boards of directors could be exposed to potential ERISA liability for matters over which they inadvertently exercise improper control or for which they really do not have any functional control.

By going through a good fiduciary training program facilitated by CBIZ MHM, those responsible for administering and overseeing ERISA plans can gain a better understanding of the legal rules and how to manage liabilities in light of their company’s particular circumstances and governance goals.




September 23, 2015

Are you an avid golfer or have always wanted to learn how to play? If so, please join the CBIZ Women's Advantage group at our next event, Ladies on the Links Golf Clinic! Guests will have the opportunity to work with top-level golf instructors to learn, refine and improve upon their golf game. This event is perfect for golfers of all skill levels (including non-golfers). A networking reception with food and drinks will follow the clinic and will feature a short speech centered around forwarding women in business. We will have rental clubs on hand free of charge, but feel free to bring your own set. We look forward to seeing you there!




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 22, 2015

Although transfer pricing services are not as commonly known in the accounting industry, the work has an international reach that can have a major economic impact on companies big and small.

Josh Finfrock, Director in the Memphis Office is leading this niche, an essential division that focuses on international taxation.  Recently featured in an article published by The Daily News, Josh gives insight on his work, industry details, and personal experience.

“We’re helping companies on one end just starting to figure out how to expand internationally or maybe they are just coming to the U.S.,” he said. “They are trying to get their arms around what they have to do. But then we’re working with really established companies. They have a big international footprint with a significant amount of changes happening or compliance issues to make sure they are doing things right.”

For questions on transfer pricing’s impact on your company, please contact Josh Finfrock at jfinfrock@cbiz.com or 901-685-5575.  To view the full Memphis Daily News article, click the button below.




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