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April 28, 2016

The Memphis office will host a full-day CFO & Controller Conference focused on the ever-changing role of The New CFO.

National speakers, economists, and advisors, along with a panel of local CFOs will share their insights into what the modern CFO should be prepared to face as the role of CFO attracts more business complexity.

The following topics & speakers will be featured in 50 minute sessions:

Executive Compensation in Privately-Held Companies: Best Practices in Today’s Competition
Hal Wallach – Director of Executive Compensation Consulting, CBIZ Human Capital Services

Trends in Cash Automation
Henry Siler – Senior Vice President, Bank of America Merrill Lynch

How to Positively Impact Business Outcomes Through Improved Employee Wellbeing
Emily Noll – National Director of Wellness, CBIZ MHM, LLC
Amy HowellCorporate Wellness Specialist, CBIZ Benefits & Insurance Services

Current Trends in Tax Planning
Lloyd Grissinger – Lead Managing Director & Tax Practice Leader, CBIZ MHM, LLC
Mark Baricos - Managing Director, CBIZ MHM, LLC

An Accountant, A Broker, and A Banker Discuss FASB’s New Leasing Standard 
Brad Hale – Managing Director, CBIZ MHM, LLC 
Kelly Truitt – Senior Vice President, CBRE 
Bruce Clark – Vice President, Bank of America Merrill Lynch

The program will close with a panel of local CFOs who have played a strategic role in the mergers and acquisitions process at their respective companies and throughout their career.  

The event will take place May 17th at The University of Memphis FedEx Institute of Technology.  Registration will begin with a breakfast at 7:30 a.m. and the event kicks off at 8:00 a.m., giving participants eligibility to earn a total of 7 CPE Credits throughout the full-day event.

For more information and to register:
https://cbizmhmcfoconference2016.eventbrite.com/

Can't attend the event?  Follow along with the conversation on Twitter using #CFOConf




April 12, 2016
Lloyd Grissinger, Tax Practice Leader and Lead Managing Director for the Memphis office, was recently featured on the Stacking Benjamins podcast show on the ’Last Minute Tax Tips for Procrastinators and Super Savers’.

It's crunch time for last minute tax filings and Lloyd shares tips for all of those last minute procrastinators.  The conversation starts off by addressing penalties associated with not meeting the filing deadline and how to strategically file late to avoid the maximum penalties.

The five different tax tips outlined include:

  1. Tax Savings through IRA contributions
  2. Healthcare related deductions
  3. Job search expenses qualified as deductions
  4. Charitable contributions
  5. Unreimbursed business expenses

To listen to the full podcast on StackingBenjamins.com, click here!

If you have more questions regarding last minute tax-filing tips, contact Lloyd at lgrissinger@cbiz.com or 901-685-5575.




March 18, 2016
Lloyd Grissinger, Tax Practice Leader and Lead Managing Director for the Memphis office, was recently featured in an article from GoBankingRates regarding the ’15 Biggest Tax Problems for Single-Income Families’.


Single-income families can face a variety of problems at tax time. These problems can lead to smaller refunds or bigger tax bills.  This article outlines 15 problems that single-income families might face, and what they can possibly do to avoid the problem or lessen the impact.

In regards to filing single versus head of household, Grissinger said "single parents can hurt themselves at tax time if they file as a single taxpayer rather than head of household.”  He added, “to qualify as head of household, you must be not married, pay more than half the cost of housing for a year, and have your dependent live with you more than half the year.”

Lloyd also comments on different tips and tax benefits for single-income families cautioning individuals to track any and all information related to the donations.

To read the full article on GoBankingRates.com, click the button below.

If you have more questions regarding filing for single-income families, contact Lloyd at lgrissinger@cbiz.com or 901-685-5575.





February 1, 2016

Lloyd Grissinger, Tax Practice Leader and Lead Managing Director for the Memphis office, was recently featured in an article from NBC News regarding charity-related deductions.

"Many taxpayers miss out on their share of charity-related deductions, because they don't pick up the little contributions they do throughout the year," said Lloyd.  "We all get involved in organizations that ask for volunteer efforts and food drives that involve you spending money not as a donation but as supplies."

Lloyd continues to speak on different examples of charitable donations and cautions individuals to track any and all information related to the donations.

To read the full article on CNBC.com, click the button below.

Lloyd focuses on large privately-held companies and portfolio companies of private equity groups with operations in multiple states and countries. He provides his clients with tax and consulting services, which include entity taxation, asset protection, transaction analysis, family wealth planning, income and estate tax planning, business succession planning, and entity structuring to reduce taxes.

If you have more questions regarding charity-related deductions, contact Lloyd at lgrissinger@cbiz.com or 901-685-5575.





June 30, 2015

We are pleased to announce the appointment of Lloyd Grissinger as Tax Practice Leader (TPL) for our Memphis office.

Lloyd will be responsible for practice growth, financial management, quality control, risk management, and operational matters as well as personnel development. He will maintain active client service and engagement management responsibilities. 

“The role of Tax Practice Leader is critical to our overall success in growing our people and meeting the needs of our clients.  We continue to drive our focus on areas of specialization for growth and tax services is a high priority service line.  Lloyd is certainly recognized by his peers and clients as a high impact leader with a passion for tax services,” said Eustis Corrigan, Senior Managing Director, CBIZ MHM. “We look forward to executing our growth strategy and continuing to be a leading provider of tax, attest and risk advisory services in the Mid-South.”

Lloyd has been an integral member of the Memphis practice for 19 years mostly serving large, closely-held businesses, with operations in multiple states and countries. He assumes the TPL role from Eustis, who has served in that capacity since January 2014. Eustis will continue in the role of Senior Managing Director for the Memphis office.

Lloyd received his Bachelors in Accountancy and Masters of Accountancy in Tax from the University of Mississippi. He is a Certified Public Accountant (CPA). Lloyd volunteers with Second Presbyterian Church and Memphis Grid Iron Ministries helping coach 3rd-5th grade football teams.




September 17, 2013

Today's post is co-authored by Managing Directors, Eustis Corrigan and Lloyd Grissinger. Together, they offer insight into the captive insurance segment of the insurance industry. Learn more about structuring your own risk financing, including the reasons companies choose to establish captive and the effects captive will have on your taxes. 

Organizations today have a wide variety of choices when structuring their risk financing arrangements. In the past 60 years, a significant portion of all U.S. commercial insurance premiums have moved from the traditional insurance market into the captive insurance segment of the insurance industry. From purchasing first dollar insurance to joining, or creating, a captive insurance company arrangement, the options available tend to favor a financially efficient model that matches the risk appetite.

What is a captive insurance company?

A captive insurance company is an organization formed to provide insurance coverage to their owners or affiliates (policyholders). Captives are established in specific geographic locations (both domestic and foreign) to take advantage of resident services and favorable regulations. It provides mid-sized companies the potential to create significant savings in its costs of insurance.

What are the reasons companies choose to establish a captive?

Choosing Captive

What are the typical captive programs?

  • Workers' Compensation
  • General Liability
  • Property
  • Professional Liability
  • Directors' & Officers' Liability
  • Credit Risk
  • Warranty
  • Other Enterprise Risks

What are the potential drawbacks of a captive?

  • Initial capital requirements and upfront fees
  • Underwriting losses
  • Reduced diversification

How does a captive affect my taxes?

For federal tax purposes a captive is oftentimes classified as a "C" corporation. The taxability of the earnings and profits of the captive for federal tax purposes will depend on the amount of premium income and investment income generated on an annual basis.

Clearly, deciding whether or not to utilize a captive is tricky. Becoming a captive participant may be profitable or fraught with an unacceptable degree of risk. Our National Captive Practice Group can help walk plan sponsors through the analytics so they can make an informed decision regarding whether or not to make the move to a captive. To read more about the risks and rewards of health care captives click here.

Learn more about how using captive structures can help you manage risk, reduce insurance costs and achieve your estate or succession planning goals. View the CBIZ SlideShare Presentation.




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