Catalyst (Dublin, Ohio) articles from July 2006

Catalyst (Dublin, Ohio) archives from July 2006

Navigating the headlines.(A message FROM THE CHAIR)
July 1, 2006... It is my honor to be stepping up as chair of The Ohio Society's Executive Board. I have enjoyed the process of preparation and am looking forward to my time at the helm. My commitment is to represent the membership and capitalize on the...

Ohio's year-end revenue outpaces estimates.(Ohio)
July 1, 2006... State revenue is exceeding budget estimates for fiscal year 2006, though any surplus will be used to replenish the state's dwindling budget stabilization fund (BSF). Total tax receipts exceed Office of Budget Management estimates by $350...

Recommended changes to unemployment benefits approved.(Ohio)
July 1, 2006... Ohio's Unemployment Compensation Advisory Council has approved recommendations that would increase benefits for unemployed workers receiving Social Security, and make it easier for others to qualify for benefits, according to the Dayton...

Third 'audit work paper' bill introduced.(Ohio)
July 1, 2006... Another bill has been introduced in the Ohio House of Representatives seeking to make audit work papers, memoranda and other related documentation public records. The proposed legislation would impact independent accounting firms hired to...

Schools, local governments to receive first TPPT repayment.(Ohio)
July 1, 2006... Ohio schools and local governments will soon receive the first of three annual payments intended to make up for revenue lost to the phase-out of tangible personal property tax (TPPT). Gov. Taft announced the first TPPT repayment will equal $87...

Ohio Department of Taxation annual report released.(Ohio)
July 1, 2006... The 2005 edition of the Ohio Department of Taxation (ODT) Annual Report is available on the department's Web site. The report contains a look back at departmental operations in Fiscal Year 2005 in a "Year in Review" chapter, including the...

FASB and AICPA propose new private company financial reporting model.(National)
July 1, 2006... The Financial Accounting Standards Board (FASB) and the AICPA have issued a joint proposal intended to improve the financial reporting process for private company constituents. The proposal describes specific process changes, including: ...

New PCAOB chair named.(National)
July 1, 2006... Federal Reserve Board Governor Mark W. Olson has been named as the new chair of the five-member Public Company Accounting Oversight Board (PCAOB) for a term running until 2010. SEC Chair Christopher Cox said that Olson's experience as a...

Taxpayers will have options for refunds being direct deposited.(National)
July 1, 2006... The IRS will create a new program to allow taxpayers who use direct deposit to divide their refunds in up to three financial accounts. The program, taking effect in January 2007, was created in an effort to encourage high savings and more...

Some whistle-blowers lose free-speech protections.(National)
July 1, 2006... The Supreme Court ruled that the Constitution does not protect public employees against retaliation by their supervisors for anything they say in the course of performing their assigned duties, according to the New York Times. Although the...

Ohio economic forecast: in like a lion, but then what?(Cover story)
July 1, 2006... What does Ohio's economic future hold and what does it mean for business? While the long-term prospects are good, episodes of rising interest rates could cause an economic hiccup towards the end of 2006. At the same time, the national numbers...

CAT SCAN: an update on Ohio's Commercial Activities Tax.(UPDATE)
July 1, 2006... Little more than a year ago, Ohio lawmakers enacted the Commercial Activity Tax (CAT) in hopes of making Ohio more attractive to businesses by replacing the corporate franchise tax and tangible personal property tax with a broad-based, low rate...

Sustaining Sarbanes-Oxley compliance: with the initial phase of compliance with Section 404 of the Sarbanes-Oxley Act completed, many senior executives have reflected at length on the demanding effort required both internally and in conjunction with public accounting firm support to move their corporations into the law's good graces.
July 1, 2006... Apart from the sizeable commitment of necessary corporate financial resources, the effort to comply with Section 404 and other key sections of the act required the time and attention of numerous employees, many of whom were asked to delay work...

The blueprint for professional development: designing continuing education to meet your needs.
July 1, 2006... Ohio law provides that, the right to practice as a CPA "imposes a duty to maintain public confidence and current knowledge, skills and abilities in all areas in which they provide service." The Ohio law goes on to say in the Statement on...

The ABC's of the attorney, Banker and CPA Forums.(member connections)
July 1, 2006... The concept of CPAs networking with attorneys and bankers began more than 10 years ago as part of an innovative series of Ohio Society programs. A small group of Akron-area members saw a need for a networking forum with business professionals...

Policy vs. politics: election year politics puts CPA work papers at risk.(Capitol Access)
July 1, 2006... A proverbial witch hunt is under way on Capitol Square to track down and punish government officials engaging in--or who appear to be engaging in--unethical behavior. While few would disagree that wrongdoers should pay a price, the CPA...

Ohio Society endorses Taylor for state auditor, O'Donnell and Cupp for Supreme Court.(Capitol Access)
July 1, 2006... After careful consideration by The Ohio Society's Statewide Endorsement Committee and Executive Board, CPA and State Rep. Mary Taylor (R-Green) earned The Ohio Society's unanimous endorsement for election as Ohio's state auditor. Justice...

What's not so hot about hotspots a look at wi-fi security pitfalls.(Business Bytes)
July 1, 2006... If you are a frequent user of wireless Internet connections, chances are someone has snooped around on your PC and potentially snagged some of your information. While wireless connection or wireless fidelity (wi-fi) has become popular among...

Self-assessment exam.
July 1, 2006... Catalyst -- July/August 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....

Simko brings national perspective as chair of Ohio Society Executive Board.(member profile)
July 1, 2006... Standard setting and work/life balance are just two passions of new Board Chair David A. Simko, CPA. As a partner with Ernst and Young (E & Y) in Cleveland, he is the first chair from a Big Four firm in seven years. His position as a player on...

Ohio Society member shapes Opera Columbus' future for community.(off the Beaten path)
July 1, 2006... Many people see the arts and accounting as opposite ends of the spectrum. Over the past few years, however, I've able to use my professional skills to enhance my personal passion and unite these two seemingly diverse areas to strengthen the...

Got a sec? Using technology to make the most of communication.(Idea Exchange)
July 1, 2006... Technology can be the paddle to help you navigate the stream of information flowing to and from you. Do you know how to use the paddles available? Are you even in the right boat? E-mail has become the dominant means of immediate...

Dave Simko, CPA installed as 2006-2007 chair of Ohio Society Executive Board.(Members Only)
July 1, 2006... David A. Simko, CPA, a partner with Ernst & Young in Cleveland, was sworn in as 97th chair of the Society's Executive Board during the June 22 Annual Meeting. [ILLUSTRATION OMITTED] "We are responsible for the positive attributes of...

Dedication and commitment earn Sheila Birch the Society's highest honor.(Members Only)
July 1, 2006... The Gold Medal for Meritorious Service to the Accounting Profession is the highest honor the Society can bestow. Sheila M. Birch, CPA has served the profession throughout her career, leading her to be selected as the 2006 recipient of this...

Public Service Award--Richard J. Mole, CPA.(Members Only)
July 1, 2006... Richard J. Mole, CPA, a senior vice president of Snodgrass Certified Public Accountants and Consultants, believes in giving back to the small northeast Ohio village he calls home. "The people of Andover have given so much to me that it has...

Outstanding Ohio Accounting Educator award--Thomas G. Calderon, Ph.D.(Members Only)
July 1, 2006... Thomas G. Calderon, Ph.D. is a professor of accounting and chair of the George W. Daverio School of Accountancy at the University of Akron. He was presented with the award at the annual AAA awards banquet held in Cleveland on May 5. "I am...

Outstanding Member in Industry Award--Denise G. Werling, CPA.(Members Only)
July 1, 2006... Denise G. Werling, CPA is the controller for Delhi Flower & Garden Centers Inc in Cincinnati. A member of The Ohio Society since 1987, she has served numerous member volunteer roles for the Society in the Cincinnati area. She is currently...

Technology advocacy award--James M. Felter, CPA, CITP.(Members Only)
July 1, 2006... James M. Felter, CPA, CITP is managing partner of Panlilio, Felter & Associates, LLC Consulting, Inc. in Hudson. His firm is a software programming firm that provides specialized programming for governmental, public and private entities....

AICPA chair Leslie Murphy shares national agenda at 2006 Members Summit.(Members Only)
July 1, 2006... Private company financial reporting and peer review transparency were just some of the hot topics discussed during the keynote presentation by Leslie Murphy, CPA, chair of the AICPA Board of Directors, during the 2006 Members Summit. The...

Dayton Accounting Show delivers knowledge in bite-size package.(Members Only)
July 1, 2006... A small electrical fire two days before didn't stop the 2006 Dayton Accounting Show from going on without incidence. Convention center and Ohio Society staff made sure everything was set when the Show kicked off on May 24. "I come here...

Scholarship Day Contest recognizes Ohio's best and brightest.(Members Only)
July 1, 2006... Eight outstanding college students majoring in accounting competed for two statewide scholarships award sponsored by The Ohio Society's Educational Foundation. Anna Weed of Ohio University received a scholarship of $3,000, and Shane...

Ohio Society expands benefits program for members--new services include insurance and Chamber of Commerce access.(Members Only)
July 1, 2006... There are perks to being a member of The Ohio Society of CPAs. That list of perks recently grew longer with the addition of two new affinity programs. Free membership with the U.S. Chamber of Commerce The Ohio Society of CPAs and the...

The Ohio Society of CPAs: 2005-2006 annual report.
July 1, 2006... Welcome to the Society's 2005-2006 annual report [ILLUSTRATION OMITTED] Through the collective and generous efforts of its 23,500 members, The Ohio Society of CPAs made significant strides during 2005-2006 in advancing the CPA...

GBQ Consulting LLC.(Columbus)
July 1, 2006... Gary A. Moll, CPA of GBQ Consulting LLC, received the designation as an Accredited Senior Appraiser (ASA) from the American Society of Appraisers. [ILLUSTRATION OMITTED]

Brockman, Coats, Gedelian & Co.(Akron)
July 1, 2006... Raymond A. Lampner, CPA of Brockman, Coats, Gedelian & Co., has earned his Accredited in Business Valuation (ABV) designation from the AICPA. Jennifer Vorous has joined the firm as a recruiting associate.

Skoda, Minotti & Co.(Cleveland)
July 1, 2006... Skoda, Minotti & Co. was honored as a member of the Inc. 500 Fastest Growing Private Company Hall of Fame. The firm has also received Inside Business magazine's 2006 Team NEO Success Award, which honors the top performing companies in Northeast...

SS & G Financial Services, Inc.(Cleveland)
July 1, 2006... SS & G Financial Services, Inc. has been named one of the "Best Employers in Ohio" by the Ohio Chamber of Commerce and Ohio Society of Human Resource Managers. Harry W. Hunter III, CPA has joined the firm as associate director in the firm's...

Howard, Wershbale & Co.(Cleveland)
July 1, 2006... Mary Eileen Vitale, CPA has been appointed director of tax advisory services for Howard, Wershbale & Co. [ILLUSTRATION OMITTED]

The William Vaughan Company.(Holland)
July 1, 2006... The William Vaughan Company has received the Maumee River Award from the Maumee Chamber of Commerce. The award honors an individual, company or organization that has demonstrated exceptional generosity and civic responsibility in providing...

B2B CFO/CIO, LLP.(Cincinnati)
July 1, 2006... Peter W. Levick, CPA, has joined B2B CFO/CIO, LLP as a CFO partner. [ILLUSTRATION OMITTED]

Morgan Loyle & Associates, Inc.(Dayton)
July 1, 2006... Seth A. Morgan, CPA of Morgan Loyle & Associates, Inc., has been selected as one of Dayton's top "40 Under 40" business professionals by the Dayton Business Journal. [ILLUSTRATION OMITTED]

Parker Carlson & Johnson Investment Management.(Dayton)
July 1, 2006... Sandra K. Pierce, CPA/PFS, CFP, of Parker Carlson & Johnson Investment Management, has been appointed to the Hospice of Dayton Foundation Board of Trustees. [ILLUSTRATION OMITTED] Got a promotion? Changed jobs? We want to hear...

CPE and events.(Calendar)
July 1, 2006... Event Spotlight Columbus 8/22/06 Financial Institutions Conference The Midwest Hotel & Conference Center, Columbus Compliance, investment and deposit strategies, and data security will be among the many key topics covered...