Catalyst (Dublin, Ohio) articles from January 2006

Catalyst (Dublin, Ohio) archives from January 2006

Grow your value--stand out from the crowd.(A message FROM THE CHAIR)
January 1, 2006... Stand out from your peers as a valuable, respected and adept professional. Does the above sentence sound like reality or a New Year's resolution for you? If it is a New Year's resolution, what is your plan for making it a reality? The...

CAT tax article offers clarity.(Letters)(Letter to the editor)
January 1, 2006... The recent article in the November/December 2005 issue of Catalyst on the CAT tax is excellent. After spending hours trying to understand the information put out by the State of Ohio, this article clarifies everything. Thanks to (Magda) Szabo...

November/December Catalyst offers good mix.(Letters)(Letter to the editor)
January 1, 2006... I received the November-December Catalyst and have read through it. The format in the publication and mix of articles looks great. The Idea exchange section was very well presented. Gary Sandefur, CPA Westerville

Ohio grocers to sue challenging commercial activity tax.(Ohio)
January 1, 2006... The Ohio Grocers Association (OGA) will be the first organization to challenge the constitutionality of the new commercial activity tax (CAT). The association plans to file a lawsuit early this year challenging the CAT's application to...

Group says expanding job retention tax credit will hurt Ohio.(Ohio)
January 1, 2006... Expanding Ohio's Job Retention Tax Credit to help the state's ailing automotive manufacturers would diminish state tax revenue and cost Ohio jobs, according to Policy Matters Ohio. The Cleveland-based public policy group sent a letter to...

Ohio Tax Department releases new information on CAT.(Ohio)
January 1, 2006... The Ohio Department of Taxation (ODT) issued four information releases on aspects of the commercial activity tax (CAT). The first release is a draft rule that discusses temporary motor fuel exemptions from the CAT that were contained in the...

Cincinnati native Bill Gradison named acting chair of PCAOB.(Ohio)
January 1, 2006... PCAOB member and Cincinnati native Bill Gradison was named acting chair of the PCAOB by the SEC. Prior to being named to the PCAOB, Gradison was a senior public policy counselor with Patton Boggs. He served as chair of the board of the...

U.S. Senate passes pension reform.(National)
January 1, 2006... The U.S. Senate passed legislation to force companies to allocate additional resources to bolster under-funded employee pensions. However, the bill provides an exemption for the nation's struggling airline industry. The vote came a day...

CPAs serving Illinois clients must register.(National)
January 1, 2006... All CPAs serving clients in Illinois who hold themselves out to the public as a CPA must register with the Illinois Department of Financial and Professional Regulation, under a new state law. This new registration applies to out-of-state CPAs...

Katrina victims gain access to retirement savings.(National)
January 1, 2006... The U.S. Treasury and the IRS issued guidance relating to the application of two provisions of the Katrina Emergency Tax Relief Act of 2005 (KETRA). It applies to Hurricane Katrina victims and employer-sponsored retirement plans and IRAs. ...

IRS decreases standard mileage rates for 2006.(National)
January 1, 2006... The IRS has issued the 2006 optional standard mileage rates--44.5 cents per mile for business, beginning Jan. 1, for the use of a car, including vans, pickups or panel trucks. Other rates include: * 18 cents per mile for medical or...

PCAOB approves 2006 budget; reduces fees.(National)
January 1, 2006... The PCAOB approved a budget for 2006 that will allow for a reduction in the support fees paid by publicly traded companies. The approved budget contains $128.4 million in expenditures for 2006, a figure that will allow the board to fulfill...

More CFOs are CPAs.(National)
January 1, 2006... According to a recent study, 45 percent of CFOs from large companies are CPAs, up from 29 percent in 2003. Between 2003 and 2004, the proportion of finance chiefs who held a CPA increased by half. This change reflects how anxious boards are...

Summing up.(Newsflash)
January 1, 2006... Tax preparers and the Internet click Total e-filing receipts 2003 46 million 2004 60 million 2005* 66 million Over 46 million returns were e-filed by tax professionals in 2005* Over 1.2...

Financial Fitness Ohio: CPAs advance Ohio financial literacy efforts.(Cover story)
January 1, 2006... A staggering number of Ohioans are at the breaking point with their personal finances. In light of this crucial need, The Ohio Society introduces Financial Fitness Ohio, a statewide initiative to leverage the financial skills of Ohio CPAs to...

CPAs forecast Ohio's economic health in Statewide Business Poll.
January 1, 2006... As 2006 begins, it's natural that Ohioans will wonder how the economy will affect them in the coming year. Will they keep their health care benefits? Will they get a raise? Will there be more jobs available or will there be slim pickings? ...

Enhanced business reporting: providing relevant information for decision makers.
January 1, 2006... How are most successful businesses managed today? Are historical financial statements or budgets the sole sources of data and information upon which critical decisions are formulated? Enhanced business reporting may change the way companies...

How to hire, keep CPAs in today's tight market: regulation drives hot market for CPAs.
January 1, 2006... "In a word, hot." That's how Amy Langer, co-founder and partner of SALO LLC in Minneapolis, describes the tremendous hiring activity in the accounting marketplace over the past year. Industry leaders credit the misdeeds of Enron and...

Self-assessment exam.
January 1, 2006... Catalyst -- January/February 2006 Earn convenient CPE credit with the Catalyst CPE exam. Answer the 25 required questions based on content in Catalyst: The Leading Edge of Ohio Business and submit your answers to The Ohio Society of CPAs....

Society volunteer choices fit your time, your terms.(member connections)
January 1, 2006... Recognizing a need to support a successful work/life balance, The Ohio Society of CPAs has a flexible volunteer program that can be tailored to fit member needs based on your time, your interest and your schedule. Whether you want to give...

Ohio Tax Amnesty program announced.(Capitol Access)
January 1, 2006... The Ohio Society of CPAs joined forces with the Ohio Department of Taxation and legislative leaders at a news conference in December 2005 to announce Ohio's 2006 Tax Amnesty Program. Dave Adler, CPA, chair of the Society's Tax Legislation...

Ohio's new data breach law: why you should care.(Business Bytes)
January 1, 2006... A new Ohio law makes ignoring potential data theft a luxury no business, large or small, can afford. Recent data breaches experienced by DSW, Lexis-Nexis and others underscore the reality of potential threats. If a data breach happens to...

Matt Boehm: balancing career, family, firefighting tough but rewarding.(member profile)(Interview)
January 1, 2006... Putting out fires is more than a figure of speech for Ohio Society member Matt Boehm. As CFO with Northwest Ohio Orthopedics and Sports Medicine, Findlay, and a volunteer firefighter, Boehm has a full schedule. That's not counting serving...

Benefits of community service come full circle for one society member.(Off the Beaten Path)
January 1, 2006... In today's hectic world it can be hard finding time to fit everything into your day. For many people, volunteering just doesn't make the cut between work, family and the 1,001 other things they would like to get done. I would like to make...

Do you know anyone who could benefit from tax amnesty?(Idea Exchange)
January 1, 2006... The Ohio Department of Taxation is offering a six-week Tax Amnesty Program from Jan. 1 to Feb. 15. During this window, tax delinquencies may be paid without penalty and with outstanding interest charges reduced by 50 percent. "Tax...

Accounting for Kids Day promotes financial literacy, positive CPA image.(Members Only)
January 1, 2006... A record-breaking 1,100 volunteers reached out to 8,500 elementary school students across the state during Accounting for Kids Day 2005. Teams made up of CPAs, college accounting students and other business professionals visited 350 classrooms...

Curl family leaves legacy to Society Educational Foundation.(Members Only)
January 1, 2006... A lifetime dedicated to accounting education will carry on, thanks to a donation to the Society Educational Foundation from the estate of Florence D. Curl of Columbus, wife of the late John W. Curl, CPA, an Ohio Society member for almost 50...

Experts on call: tap into the expertise of the Society's members.(Members Only)
January 1, 2006... Need advice on something that falls outside your normal practice area? Take advantage of the Society's CPA 2 CPA program. The free and confidential member service is designed to link members together for basic advice or consultation....

AICPA/CPA-SEA leadership conference for state societies.(Members Only)
January 1, 2006... Ohio Society leadership met with AICPA and other state CPA society leaders during the fall AICPA/CPA-SEA Leadership Conference for state societies. From left to right: Jim Williamson, AICPA chair-elect; Dave Simko, CPA, Ohio Society...

Tax practice aids available on Society Web site.(Members Only)
January 1, 2006... Tax season is heating up and The Ohio Society of CPAs is here to help. The Ohio Society is again offering tax practice aids to assist you and your clients. Located on the Society's Web site at www.ohioscpa.com, the practical, one-stop-shop...

Referral service connects members with potential clients.(Members Only)
January 1, 2006... The Society's referral service matches individuals who need a CPA with firms looking to grow their practice. The program is both a member benefit and a public service. Individuals are matched with firms based on geographic location and...

Accountancy Board of Ohio disciplinary actions.(Members Only)
January 1, 2006... The following are the disciplinary actions taken by the Accountancy Board of Ohio at its Oct. 14,2005 Board meeting. This information is current as of press time. NAME HOMETOWN VIOLATION BOARD ACTION ...

Research and development tax incentives: a primer.(academic perspectives)
January 1, 2006... Although the rules and limitations can be daunting, practitioners responsible for managing research and development (RD) activities, as well as financial executives, should be aware of the opportunities for tax savings offered by the various...

Cohen & Co.(Akron)
January 1, 2006... Alane L. Boffa, CPA, has been promoted to tax principal at Cohen & Co., Angelina L. Milo, CPA, has joined the firm as a principal and Kim A. Palmer, CPA, has joined as a senior manager in the tax department. [ILLUSTRATION OMITTED] ...

Moore Stephens Apple.(Akron)
January 1, 2006... Moore Stephens Apple has added three executives to its business valuation and litigation consulting team. Jason Bogniard has joined as a senior consultant, David R. Gustafson has joined as a principal and Brett Hillard has joined as an...

Bober, Markey, Fedorovich & Co.(Akron)
January 1, 2006... Ashley James Price, CPA, has joined Bober, Markey, Fedorovich & Co. as senior tax manager. [ILLUSTRATION OMITTED]

Schroedel, Scullin & Bestic, CPAs.(Canfield)
January 1, 2006... Raymond H. Boyd, Jr., CPA, has joined Schroedel, Scullin & Bestic, CPAs, as a senior tax accountant. Scott N. Fabry, Laura B. Olivier, Sue R. Reardon, and Douglas M. Shodd, Jr., CPA, have joined the firm as team accountants. Matthew M. Bender,...

Hall, Kistler & Co. LLP.(Canton)
January 1, 2006... Katie Fuetter and Sarah Yost have joined Hall, Kistler & Co. LLP as staff accountants.

Cohen & Co.(Canton)
January 1, 2006... Amer Husain, CPA, has joined Cohen & Co. as a senior manager in the tax department. [ILLUSTRATION OMITTED]

Skoda, Minotti & Co.(Mayfield Village)
January 1, 2006... Peter A. Bellini, CPA; John A. Bonfiglio, CPA; Roger T. Gingerich, CPA, CVA; and Andrea H. Sheets, CPA, have been appointed to principals at Skoda, Minotti & Co. [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED]...

Cohen & Co.(Mentor)
January 1, 2006... Mike Duffy, CPA, has joined Cohen & Co. as a senior manager, and Natalie Tackacs, CPA, has joined as a manager in the tax department. Janis L Thiedemann, CPA, has joined the firm as a senior manager in the accounting and auditing department....

McManamon Co.(Westlake)
January 1, 2006... Lynna R. Donofrio has joined McManamon Co. as an associate in the small business department and Douglas S. Novotny, CPA, has joined the firm's tax department as tax manager.

Cohen McCurdy, Ltd.(Westlake)
January 1, 2006... Christopher W. Bellamy, CPA, has been promoted to principal at Cohen McCurdy, Ltd. [ILLUSTRATION OMITTED]

Cohen & Co.(Youngstown)
January 1, 2006... Neal B. Colby, CPA, has been promoted to principal in the tax department at Cohen & Co. [ILLUSTRATION OMITTED]

Barnes Dennig & Co.(Cincinnati)
January 1, 2006... Chad C. Martin, CPA, of Barnes Dennig & Co., Ltd., has earned his Certified Fraud Examiner (CFE) designation. [ILLUSTRATION OMITTED]

Brady Ware has received a 2005 Practice Innovation Award from Practical Accountant Magazine.(Dayton)
January 1, 2006... Brady Ware has received a 2005 Practice Innovation Award from Practical Accountant Magazine. The firm also announced its recent merger with Shaw & Shaw, a Columbus CPA and financial consulting firm.

CPE and events.(Calendar)
January 1, 2006... Event Spotlight Toledo 1/16/06 Tax Workshop on the New Manufacturers'/Producers' Deduction Holiday Inn French Quarter This Surgent McCoy tax workshop will provide clarity on the new deduction for your business or...