Catalyst (Dublin, Ohio) articles from July 2005

Catalyst (Dublin, Ohio) archives from July 2005

The responsibility of CPAs.(A message FROM THE CHAIR)
July 1, 2005... We carry great responsibility as CPAs. Our individual actions shape the collective image of the CPA profession. Each and every one of us is charged with upholding the fundamental hallmarks of our profession: integrity, objectivity and...

BWC rejects dividend for private employers in wake of investment controversy.(Ohio)
July 1, 2005... The Ohio Bureau of Workers' Compensation (BWC) Oversight Commission has rejected a proposed $70 million dividend credit for private employers. The decision was a result of the BWC board's concern with the bureau's financial status amid a...

Ohio trails behind nation in small business growth.(Ohio)
July 1, 2005... Small business growth in Ohio is lagging behind other parts of the country, according to research by the National Federation of Independent Business and Visa USA. Small business growth is especially sensitive to consumer spending, which is...

Accountancy Board firm registration deadline is July 31.(Ohio)
July 1, 2005... The deadline for non-attest public accounting firms in Group C to renew their licenses with the Accountancy Board of Ohio is July 31. Firms subject to this deadline have been sent renewal notices. Firms performing attest services, and...

Study finds audit fees for small public companies increased 96%.(National)
July 1, 2005... The average audit fees for small public companies--those with less than $1 billion in revenue--increased 96 percent since 2003, according to a study by law firm Foley & Lardner LLP. The third annual study on the costs associated with...

Small businesses get AICPA support on employee benefits bill.(National)
July 1, 2005... The AICPA has endorsed the SIMPLE Cafeteria Plan Act of 2005 (S.723), which would allow small businesses to provide non-taxable benefits, such as flexible spending accounts, to their employees. The AICPA said cafeteria plans should be...

Federal Tax Reform Panel deadline extended.(National)
July 1, 2005... President Bush has extended the deadline for the Advisory Panel on Federal Tax Reform's report to the Treasury Secretary from July 31 to Sept. 30. The goal of the Advisory Panel on Federal Tax Reform is to recommend reforms to the tax code...

NAIC proposes SOX variation for insurance companies.(National)
July 1, 2005... The National Association of Insurance Commissioners (NAIC) has proposed applying variations of Sarbanes-Oxley to private insurance companies. The NAIC represents insurance regulators in each state. Kirk Schmidt, director of finance at the...

Summing up: small business tech trends.(Newsflash)
July 1, 2005... 51% of all U.S. small firms lack a Web site 81% of small businesses will increase tech spending by 20 percent over the next two years 10% of small business marketing plans include blogs Source: FSB-Zogby Will your small...

More women tapping into accounting profession.(National)
July 1, 2005... The number of women in accounting is rising. The AICPA reports that 57 percent of new accounting graduates are women. Almost 60 percent of accountants are now women, up 20 percent from 1983, according to the Current Population Survey by the...

Estate tax may be eliminated for all but the richest.(National)
July 1, 2005... A compromise that will change the estate tax is expected to be reached by the U.S. Senate by the end of the summer. A deal would mean an end to the bitter estate tax debate that has lingered in Congress for years. Republicans favor the...

Landing the big fish: what CPA firms can do to bring in lucrative clients.(Cover Story)
July 1, 2005... Deep sea fishing is different from catching trout in the local pond. In the same way, acquiring a significant client is different from day-to-day business. Different strategies and skills are needed to bring in such a prize--but the reward can...

Inside view on the decision to support two GAAPs.
July 1, 2005... A decision to support two sets of Generally Accepted Accounting Principles (GAAP) is not made lightly. Ohio Society member Patricia Piteo, CPA, a partner with Cohen & Company in Youngstown, knows this firsthand. ********** Piteo is a...

Going the distance: training for the Electronic CPA Exam; Have you been to the gym lately? If so, the "personal trainer" is now a known fixture in the cardio and weight rooms--and with good reason--they help to keep us going the distance.
July 1, 2005... Just as trainers help motivate us to run one more lap around the track or add another 10 pounds of weight to the barbell, organizations throughout the country are finding themselves in an equally challenging position. With recent graduates and...

ACAP-Ohio student today. CPA star tomorrow.
July 1, 2005... Erica Bond-Awls, future CPA [ILLUSTRATION OMITTED] * Employer: Johnson & Johnson--Financial Analyst * BSBA with specializations in Accounting and Marketing, The Ohio State University ACAP-Ohio Class of 2000 "ACAP-Ohio...

Who's afraid of fraud?! Employee theft surprises small business owners.
July 1, 2005... TeriLyn Norwood appeared to be the ideal employee. The Hanford, Calif., office worker took on increasing responsibility until she was handling both accounts payable and human resources functions for a small but lucrative industrial truck...

Ohio's budget, historic tax reform package becomes law.(Capitol Access)
July 1, 2005... Ohio's $52 billion biennial budget for 2005-06 became law July 1 after months of hearings and hundreds of witnesses testifying before the Ohio General Assembly, including witnesses representing The Ohio Society of CPAs. The budget process...

Congressional 'Fly In' a big success.(Capitol Access)
July 1, 2005... The Ohio Society's fourth Congressional "Fly In" was a big success, thanks to nearly 30 Society members who made the trip to Washington, D.C., on May 23-24 to meet with Ohio legislators on behalf of the CPA profession. Ohio Society...

The volunteer connection.(member connections)
July 1, 2005... Members can connect to the volunteer opportunities and activities that interest them, thanks to the new Member Connections program unveiled by The Ohio Society June 17 at the Members Summit in Columbus. To make it easier for members to find...

Self-assessment exam.
July 1, 2005... Catalyst -- July/August 2005 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....

The marriage of phone and computer: VoIP.(Business Bytes)
July 1, 2005... Telephone service as we know it could soon go the way of cassette tapes. Internet phone service--known as Voice over Internet Protocol (VoIP)--is adding a new dimension to how people communicate. It allows computer users with broadband...

Practical answers to your technology questions.(Tech Q & A)
July 1, 2005... Ohio Society members got answers to their technology questions during a session at the Ohio Accounting Show in Dayton with Ohio Society Chief Technology Strategist Chris Jenkins, MCSE, CCNA. Questions included: Q. What software do you...

New board chair Janice Culver says responsibility is key.(member profile)(Interview)
July 1, 2005... CPAs have a responsibility to the profession that goes beyond serving clients and working for employers, says 2005-06 Ohio Society Executive Board Chair Janice L. Culver, CPA. Helping members embrace this responsibility and realize their...

Culver installed as new Society chair.(Members Only)
July 1, 2005... Janice L. Culver, CPA, was sworn in as the 2005-06 Ohio Society Executive Board chair by past Board Chair Lee D. Wunschel, CPA, at the June 17 Annual Meeting. "With great power comes great responsibility," Culver said after the induction....

Tax expert Lynn Nichols receives Society Gold Medal.(Members Only)
July 1, 2005... Passion and knowledge of tax laws has made E. Lynn Nichols, CPA, a familiar name throughout Ohio and other states. [ILLUSTRATION OMITTED] This passion for the profession has earned Nichols The Ohio Society of CPAs' 2005 Gold Medal for...

Walker receives innovative user of Technology Award.(Members Only)
July 1, 2005... Winning the Innovative Technology Award surprised Patrick J. Walker, CPA. He didn't think he was doing anything different than anybody else. "I thought everybody was doing it this way," Walker said of converting his files electronically....

Outstanding member in industry award winner exemplifies passion for profession.(Members Only)
July 1, 2005... James G. May, CPA, is devoted to making sure the needs of members in business and industry are met. [ILLUSTRATION OMITTED] This commitment earned him the 2005 Ohio Society Outstanding Member in Industry Award. "The profession of...

Dedication to education wins Porcano Outstanding Ohio Accounting Educator award.(Members Only)
July 1, 2005... His classes are anything but ordinary. His style is innovative and challenging. Thomas Porcano wants students to enjoy what they learn, so he pushes the boundaries of convention. "Tom has all of the qualities that embody an outstanding...

Community spirit wins Beck Public Service award.(Members Only)
July 1, 2005... Whether he is supporting small businesses or creating a memorial for veterans, Peter A. Beck's mind is on one thing: his community. "I have never said 'no' to a cause because each and every cause is important to someone," Beck said. "I...

Faith in innovation earns Dabbs Technology Advocacy award.(Members Only)
July 1, 2005... "Technology allows us to do more with a whole lot less," said Benjamin R. Dabbs, CPA, CITP and CBM, executive partner of Abacus Consulting, Inc., in Westfield, Ohio. [ILLUSTRATION OMITTED] Dabbs sees the positive impact technology has...

Society year peaks with 2005 Members Summit and Annual Meeting.(Members Only)
July 1, 2005... A former Ohio congressman, a nationally known economist and prestigious member awards highlighted the 2005 Members Summit and Annual Meeting, held June 17 at the Columbus Convention Center. Former U.S. Rep. John Kasich, R-Columbus, host of...

600 attend Ohio Accounting Show in Dayton.(Members Only)
July 1, 2005... More than 600 CPAs and other professionals gathered in Dayton May 25-26 for the Spring Ohio Accounting Show, one of the Society's largest events of the year. Participants chose from 60 CPE courses offered over the two-day program held at...

Professional Issues Updates explore current issues.(Members Only)
July 1, 2005... The Ohio Society's Spring Professional Issues Update series reached more than 200 members with updates on the hottest issues facing the profession. The events were held in Cincinnati, Cleveland and Columbus during May and June. This...

Ohio high school students gain accounting insights.(Members Only)
July 1, 2005... High school students got a real-world perspective on the CPA profession during the second annual series of High School Accounting Career Days in April and May. [ILLUSTRATION OMITTED] Nearly 300 students participated in events in Akron,...

Statewide scholarship competition features top-level accounting students.(Members Only)
July 1, 2005... Sarah Heitker of Xavier University won a $3,000 scholarship award, provided by The Ohio Society's Educational Foundation, after competing in this year's Scholarship Day. Seven outstanding college students, majoring in accounting and all...

Correction in May/June Catalyst.(Correction Notice)
July 1, 2005... Kristen Boldman was incorrectly identified as a CPA in the article Ohio Society Volunteers Get TV Spotlight: Public's Tax Questions Answered. The editorial staff apologizes for any confusion.

Accountancy Board of Ohio disciplinary actions listed.(Members Only)
July 1, 2005... The following are the disciplinary actions taken by the Accountancy Board of Ohio (ABO) at its April 22 Board meeting. This information is current as of press time. NAME BOARD HOMETOWN ...

2004-2005 financial report.
July 1, 2005... Summary of Financial Results During fiscal 2005, The Ohio Society launched a number of new initiatives and programs to benefit members and promote the value and importance of the CPA profession, including: [ILLUSTRATION OMITTED] *...

U.S., international GAAP convergence will alter global financial reporting.(academic perspectives)
July 1, 2005... Ongoing efforts to converge U.S. and international accounting standards have escalated in the past few years during a time of increased government oversight, audit expectations, and tax code complexity. These efforts have and will continue to...

GBQ Consulting LLC.(Columbus)
July 1, 2005... Brian D. Bornino, CPA/ABV, CFA, CBA, has joined GBQ Consulting LLC as director of valuation services.

Crowe Chizek and Company LLC.(Columbus)
July 1, 2005... Kathleen Kerr has been promoted to qualified plans senior staff at Crowe Chizek and Company LLC.

3SG Corp.(Columbus)
July 1, 2005... Ranjan Manoranjan, CPA, chairman and chief financial officer of 3SG Corp., has received the 2005 Ellis Island Medal of Honor for his leadership and guidance after the recent natural disasters in Southeast Asia. [ILLUSTRATION OMITTED]

SS & G Investment Services, LLC.(Akron)
July 1, 2005... Carina S. Diamond, MBA, CFP, has been appointed managing director of SS & G Investment Services, LLC.

YMCA of Greater Toledo.(Toledo)
July 1, 2005... Brian R. Keel, CPA, CMA, has been promoted to vice president of finance and chief financial officer of YMCA of Greater Toledo.

University of Rio Grande.(Chillicothe)
July 1, 2005... James M. Caldwell, CPA has been awarded the degree of Doctor of Public Service Honoris Causa from the University of Rio Grande where he has served on the Board of Trustees since 1990.

Burke, Inc.(Cincinnati)
July 1, 2005... Mary Beth Mapstone, CPA has been promoted to senior vice president of finance and administrative services of Burke, Inc. [ILLUSTRATION OMITTED]

Brady Ware.(Dayton)
July 1, 2005... David M. Berry, CPA has joined Brady Ware as director. [ILLUSTRATION OMITTED] Got a promotion? Changed jobs? We want to hear about it! You are going places, and your peers want to know about it. Send information regarding...

CPE and events.(Calendar)
July 1, 2005... Event Spotlight Cincinnati 8/22/05 Surgent McCoy's Tax Workshop on the New Manufacturers'/Producers' Deduction Receptions Conference Center Through case studies, examples, and narrative discussion, this program offers...