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August 22, 2016

On Thursday, August 18th the CBIZ MHM, LLC Kansas City Transaction Advisory Services (TAS) Practice held a wine tasting event to introduce our national TAS capabilities and our local experts. Members of the CBIZ National TAS Practice, David Stagliano, Managing Director, CBIZ MHM Philadelphia, and Luke Snyder, Director, CBIZ MHM Philadelphia, joined local team members in a brief presentation on the CBIZ TAS capabilities and expertise. 

In addition to a meet and greet session with some of the local and national practitioners, the more than 50 guests in attendance enjoyed a wine tasting featuring a variety of wines provided by Royal Liquors and ample time to connect with peers and local entrepreneurs in possible buy/sell situations and/or looking for capital investment.

The Kansas City TAS group will continue host events on a quarterly basis.

For more information on this event, TAS or to get added to our TAS distribution list, contact Alex Elliott.










June 1, 2016

Information security presents a particular challenge to hospitals, physician practice groups, ambulatory care centers and other healthcare organizations. Unauthorized users have shown high interest in healthcare records and data, and according to the Ponemon Institute, the cost of breached healthcare data can be upwards of $363 per record. Additionally, healthcare organizations have rigorous compliance requirements they must regarding protection of patients’ sensitive data.

Securing information from hacker groups and staying compliant with federal agencies requires a robust risk management strategy. A key component of any risk approach is to focus on the areas of highest interest to your organization. The Health Insurance Portability and Accountability Act (HIPAA), information technology and physical loss of data number among the three most common information security risks healthcare organizations are up against. Steps should be taken to evaluate these three areas and the processes your organization is using to manage them. Read the full article.




May 19, 2016

On June 2nd the Kansas City CFO group will host their second quarter breakfast event, featuring retiring Burns & McDonnell CEO, Greg Graves.

During this interactive discussion, Greg will focus on the explosive growth Burns & McDonnell has experienced over the last 12 years, the finance role and how it plays into leadership and growth, and much more!

For more information and to register, click here.




May 12, 2016

On Thursday May 12th, the Kansas City Construction Practice kicked off their summer breakfast event series with a discussion focused on Key Employee Incentive and Retention Plans – Creating a Motivated Management Team.

Key employees can be hard to find and even harder to keep. High-caliber employees drive the generation of profit and enterprise value, and can be a vital piece in a successful ownership transition. As a business owner, identifying these employees, understanding what motivates them to remain loyal, and encouraging them to stay the course, is critical to your company’s future, your financial independence and your personal legacy.

 While higher pay seems like the best answer, it doesn’t stop competitors from offering even higher pay or better opportunities, it doesn’t encourage the leadership mentality and it doesn’t invoke loyalty – in many cases an incentive or retention plan may be the best solution.  It is important to first understand what motivates your high-caliber employees and then design an effective plan that will benefit both the employer and employee. During our discussion today, Joyce Farris outlined a variety of different plan options and decisions to weigh as you go down this path.  To summarize, no matter what type of plan you institute, the plan should: 

  • Motivate key employees to attains goals and as they do, the company value should increase;
  • “Handcuff” the key employee to the company;  
  • Outline meaningful and realistic objectives that are well-communicated;
  • Provide substantial benefits and should be a win for both the employer and employee; and 
  • Provide specific guidelines on how to achieve the benefit (s).

To receive a copy of today’s presentation, for questions on this topic or for additional information, please contact Joyce Farris at 816.945.5121 or jfarris@cbiz.com

Save the Date for Part II in the Construction Breakfast Series: Employee Stock option Plans (ESOPs) in the Construction Industry, July 12th.




May 3, 2016

CBIZ MHM, LLC Kansas City will launch a three part breakfast series focused on key issues affecting the Construction Industry.

Key employees can be hard to find and even hard to keep. They drive the generation of profit and enterprise value, and can be a vital piece in a successful ownership transition. As an Owner, understanding what motivates key employees to remain loyal, is critical to your company’s future, your financial independence and your personal legacy. Join us on May 12th for the first discussion of this three part series, Exploring Key Employee Incentive/Retention Plans.

Date and Time: Thursday, May 12 | 7:00AM – 9:00AM (continental breakfast will be available and discussion will start at 8:00AM).
Cost to attend: FREE
CPE: Eligible for 1 credit
Register: https://incentiveandretention.eventbrite.com

SAVE THE DATE
Tuesday July 12th – Employee Stock Option Plans (ESOPs) in the Construction Industry
Tuesday, August 30th – Leases
Thursday, November 3rd: Joint ½ day seminar featuring a variety of topics surrounding Millennials in the workforce




November 5, 2015

Together, with Husch Blackwell and UMB Bank, CBIZ MHM, LLC proudly sponsored a seminar dedicated to the Manufacturing and Distribution industry on October 29th. Held at Boulevard Brewery, the seminar focused on the cybersecurity threats facing the manufacturing and distribution industry. Attendees heard from accounting, financial and legal professionals as they discussed the industry economic forecast, data breach threats to companies in the Kansas City area, vendor security and risk management.

To wrap up the seminar, special guests Chris Lamb, FBI - Cyber Investigations, and John Cowles, Assistant US Attorney – USAO, Western District of MO, focused on the current trends in cyber investigations (locally and nationally) and prevention tips.   

The Manufacturing industry is important to CBIZ MHM and we are very pleased to have had several clients and guests attend the event to learn more about the security challenges facing this industry. Below, we have included the top ten takeaways from the seminar.  As an additional resource, the presentation is available for download here

  1. Understand the global threat – Threats to cybersecurity are increasing both in quantity and severity. From 2012 to 2013, data breaches doubled!
  2. Know the cost – From 2013 to 2014, the average cost of data breaches went up by more than 15%, making the average $3.5 million.
  3. Know your data - Know what data your company has, where it is stored and how it’s secured.
  4. Clean it out - Look for opportunities to eliminate old and unnecessary data.
  5. Use your resources – There are third party professionals who are experts in various aspects of cybersecurity, including the FBI, all of which are resources for you - use them! 
  6. Mitigate your risk - A formal risk assessment should be performed at least annually – whether done internally or by a third party specialist.
  7. Get covered – Companies should consider obtaining insurance to cover cybersecurity incidents and review policies with specialists to make sure they provide adequate coverage.
  8. Educate your employees – 93% of employees knowingly violate cyber security policies. People are the biggest cause of security breaches. Employees need to be trained and updated on cybersecurity issues.
  9. Size DOESN’T matter – In fact, the smaller the business is, the easier it is to hack!
  10. It could happen to you – The odds of a Manufacturing company being targeted for a cyber-attack are 1 in 3. No one is immune to an attack; assume you will be targeted at some point! It is important to be proactive and have a plan in place ahead of time!

Did you miss the seminar, but want to make sure you are added to future invitation lists? Contact aelliott@cbiz.com.




October 8, 2015

Together, with Spencer Fane, CBIZ MHM proudly sponsored the 2nd Annual Architecture, Engineering and Construction industry seminar on October 1st. This year the half day seminar was focused on Transition and Next Generation Planning and concluded with legal trends in the industry. The A/E/C industry is important to CBIZ MHM and we are very pleased to have had several clients and guests attend the event to learn more about the challenges faced and available options when transition planning. The following is a brief summary of the seminar. As an additional resource, the slide deck from this presentation can also be downloaded here

KEY TAKE AWAY: Whether you’re planning for ownership transition of the business during life or planning for the ownership transition of the business upon death, it is imperative that you have a transition plan in place now. 

Joyce Farris, Managing Director at CBIZ MHM, LLC and David Seitter, Partner at Spencer Fane LLP, co-presented the main portion of this half day seminar. During this time, Farris and Seitter focused on the aspects of the transition planning process, available options, the steps you need to consider when formulating a long term action plan and how to ensure you have aligned all of the key aspects which fall within the plan. The presentation slides provide more information on the important steps you should consider when putting a plan in place, and your next steps to ensure you and your business are covered for the future.

David Schatz, Partner at Spencer Fane LLP, concluded the day with legal trends in the construction industry. This section is also reflected in our slide deck and includes important 2015 industry trends and how they may affect your bottom line.

For more information or any questions regarding the presentation or slide deck, please contact Joyce Farris, David Seitter or David Schatz.

Did you miss the seminar, but want to make sure you are added to future invitation lists? Contact aelliott@cbiz.com




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 16, 2015

Threats to cybersecurity are increasing both in quantity and severity. From 2012 to 2013, data breaches doubled. From 2013 to 2014, the average cost of data breaches went up by more than 15% to $3.5 million.

On October 29th CBIZ and Mayer Hoffman McCann P.C., along with Husch Blackwell and UMB Bank, invite C-Suite executives and Owners to join  us for a free half day seminar focused on the cybersecurity threats facing the manufacturing and distribution industry. Hear from accounting, financial and legal professionals as they discuss the industry economic forecast, data breach threats to your company, vendor security and risk management.

Closing Presenter: John Cowles, Assistant U.S. Attorney, Western District of Missouri
Trends & Tips in Security Fraud

AGENDA
Economic Outlook
Poachers, Hackers & Spies: The Data Breach Gang
Vendor & Security Risk Management

Boulevard Brewery
2501 Southwest Blvd
Kansas City, Missouri

This seminar will be eligible for up to 3 CPE & CLE credits
Check in begins at 1:00PM
Seminar runs from 1:30 PM – 4:30 PM
Appetizers and cocktails immediately following

To register and for more information, click here.




September 10, 2015

On Thursday, October 22nd the Kansas City CFO group will host the fourth quarter breakfast series event at CBIZ MHM Kansas City, which will feature a panel of local Private Equity experts. This panel will focus on the Private Equity landscape in Kansas City and will address a variety of questions prepared by a moderator including: what equity investors are looking for (both for targets and from a financial statement standpoint), how the private equity market currently looks in Kansas City, and much more!

To register, visit: https://kccfoseriesprivateequity.eventbrite.com




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