Catalyst (Dublin, Ohio) articles from March 2005

Catalyst (Dublin, Ohio) archives from March 2005

Changing local member service--what it means for you.(A message FROM THE CHAIR)
March 1, 2005... The Ohio Society of CPAs is changing the way we serve our members on the local level. As you may have read in the Ohio e-CPA Weekly, The Ohio Society's Executive Board unanimously voted in January to fully implement the Member Initiatives...

ACAP-Ohio student today. CPA star tomorrow.
March 1, 2005... Kendra Philon, future CPA [ILLUSTRATION OMITTED] * Meaden & Moore, LTD * Staff Accountant * B.S. Accounting, University of Akron ACAP-Ohio Class of 1999 "ACAP-Ohio gave me insight into the accounting world and...

Ohio tax reform plan will impact CPAs.(breaking news)
March 1, 2005... Gov. Bob Taft announced his state budget proposal in February, which includes plans to reform Ohio's tax structure and to cut spending. A cornerstone of Taft's plan would make significant reforms to Ohio tax code by applying a new...

Beware of telephone impostors posing as Ohio Society staff.(breaking news)
March 1, 2005... The Ohio Society staff has learned that CPA firms are receiving telephone requests for firm information from individuals claiming to be from The Ohio Society of CPAs or the AICPA. The callers are requesting lists of firm employees. One...

Tax department lobbied on recent corporation franchise tax bills, assessments.(breaking news)
March 1, 2005... After intense lobbying efforts by The Ohio Society, the Ohio Department of Taxation (ODT) has issued guidance to resolve recent Ohio corporation franchise tax bills and assessments sent to CPAs and their S corporation clients that contain...

Development group seeks to strengthen Ohio business.(breaking news)
March 1, 2005... Strengthening Ohio's business environment is the goal of the newly formed Ohio Economic Development Association. The group comprises business leaders and development officials from across Ohio. It has two goals, including: 1. Better...

More loans available for women-owned businesses.(breaking news)
March 1, 2005... Women-owned businesses are getting a boost from KeyBank. The organization is committing at least $1 billion during the next three years to assist female business owners. The number of women-owned companies expanded 28 percent from 1997 to...

Wealthy Americans not protecting assets.(breaking news)
March 1, 2005... America's wealthiest people are leaving their assets unprotected, according to a study by PNC Advisors, the wealth management unit of PNC Financial Services Group. Almost 800 affluent individuals who have more than $1 million in investable...

AICPA addresses fraud in audit committee guidance.(National)
March 1, 2005... To help U.S. audit committees understand one of the most significant fraud risks--management override of internal controls--the AICPA recently issued new guidance. Management Override of Internal Controls: The Achilles' Heel of Fraud...

PCAOB standards resource available from AICPA.(National)
March 1, 2005... The AICPA has taken the standards originally adopted by the PCAOB and integrated those standards with the PCAOB's standards issued through Dec. 1, 2004. The result of that effort, PCAOB Standards and Related Rules, includes: *...

Overregulation plaguing CEOs.(National)
March 1, 2005... CEOs cite overregulation as the top issue interfering with business growth, according to a new survey from PricewaterhouseCoopers (PwC). Despite their concerns, many are optimistic about increased revenue in 2005. Forty-one percent said...

IRS, Treasury issue guidance on new abusive transaction penalties.(National)
March 1, 2005... The Treasury Department and the IRS have issued interim guidance on two new penalty provisions enacted as part of the 2004 American Jobs Creation Act. The act creates a new penalty for the failure to disclose information about "reportable...

Developing leaders.
March 1, 2005... Do you have a plan for recruiting leaders within your organization? Do you have the time necessary to delve into the details of effective leadership? The most successful organizations recognize the need for continual leadership coaching,...

Controller: life behind the many hats.(Cover Story)
March 1, 2005... Just as the CPA's traditional role of serving clients continues to evolve, the position most everyone thinks of as a company's financial expert--the controller--is changing rapidly. An effective controller must be much more than a reviewer of...

The 2004 tax acts: answers to your questions.
March 1, 2005... The Working Families Tax Relief Act of 2004 (FAMILIES) and the American Jobs Creation Act of 2004 (JOBS) made major changes in the tax law. Some of those changes simply extended old rules, others brought back relics from the past, and still...

Spring Professional Issues Updates: join local leaders for the most up-to-date discussion about the CPA profession.
March 1, 2005... The Spring Professional Issues Updates offer members a chance to share their opinions and concerns about current issues facing the profession. Join local leaders as they bring you up-to-date information on the most critical and timely issues...

Checking out Check 21: its impact on individuals, businesses and CPAs.
March 1, 2005... As the country struggled to comprehend the events of Sept. 11, 2002, the nation's check clearing system ground to a halt in the days immediately following the terrorist attacks. U.S. financial institutions lost billions of dollars. Planes that...

Reducing your litigation risks as a CPA.
March 1, 2005... The nature of accounting services makes CPAs vulnerable to lawsuits, and there's no way around it. But, as a CPA, reducing your litigation risk can be stated quite simply: Act ethically in all matters, large and small. ********** ...

The Ohio Society of CPAs 2005-2006 conference calendar.(Calendar)
March 1, 2005... May 17 Not-for-Profit Conference Columbus May 25-26 Ohio Accounting Show Dayton June 17 2005 Members Summit & Annual Meeting Columbus Aug. 22 Financial Institutions Conference Columbus Aug. 26 Practicing...

Should peer review results be made public?
March 1, 2005... At its spring 2004 meeting the AICPA's Governing Council approved a resolution supporting increased transparency in the peer review process. It also authorized a member awareness program to inform members about the issues surrounding peer...

Billing, collecting, and suing for fees.
March 1, 2005... Claims experience over the past 20 years has revealed a number of facts about various aspects of CPA fees, billings, collections, suits for fees, and arbitration. The following questions and answers represent a summary of those findings. ...

Self-Assessment Exam.
March 1, 2005... Catalyst -- March/April 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....

Executive Board votes to implement Member Initiatives program statewide.(Member Initiatives)
March 1, 2005... With a unanimous vote at its January board meeting, The Ohio Society's Executive Board took a monumental step forward when it voted to fully implement the Society's Member Initiatives program statewide, effective May 1. ********** ...

Ohio Society briefs Statehouse press corps on tax issues.(Capitol Access)
March 1, 2005... The Ohio Society conducted a special briefing for members of the Statehouse press corps to discuss tax terms and business structures in anticipation of changes to the tax system in Gov. Taft's new budget. The goal was to help reporters better...

2004 Ohio CPA/PAC contributors.(Capitol Access)
March 1, 2005... Ohio CPA/PAC, the accounting profession's largest state political action committee, provides Ohio's CPAs with an efficient and effective vehicle to help elect pro-business legislators to the Ohio House and Senate. The attached list represents...

Book review: Promoting Your Talent, A Guidebook for Women and Their Firms.
March 1, 2005... How are women in the accounting profession stacking up against their male counterparts? The recently updated book Promoting Your Talent, A Guidebook for Women and Their Firms, published by the AICPA, attempts to answer that question. Spurred by...

How do I set up a Web site for my firm?(Ask I.T.)
March 1, 2005... The idea of developing a Web site can be intimidating. The truth is most Web sites are created and published following four basic steps. Your first decision will be whether to do it all yourself or outsource the project to a third party....

Where do I start in designing my own Web site?(Ask I.T.)
March 1, 2005... Designing a Web site can be as easy as 1-2-3-4 with 535metro's Web site builder. The Web site builder allows you to build your Web site and maintain its content in four easy steps. The Web site builder is a Web-based interface accessible...

Simko nominated as 2005-2006 Society chair-elect.(Members Only)
March 1, 2005... The Ohio Society of CPAs' Nominating Committee has unanimously selected David A. Simko, CPA, as the candidate for 2005-2006 chair-elect of the Society's Executive Board. "I would like to do whatever I can to make sure that we, as a...

New career services available for members.(Members Only)
March 1, 2005... The Ohio Society of CPAs recently launched a revamped online career center that will benefit members looking to fill open positions and members seeking new employment opportunities. The new career center uses the same technology employed by...

2005-2006 Ohio Society dues schedule available, statement to be mailed.(Members Only)
March 1, 2005... The Ohio Society Executive Board has approved the membership dues schedule for the 2005-2006 membership year, which runs May 1, 2005 through April 30, 2006. Dues statement will be mailed the first week of May with payment due by July 1. The...

Disciplinary actions by the Ohio Society of CPAs.(Members Only)
March 1, 2005... Under the automatic disciplinary provisions of The Ohio Society's bylaws, the following members have been terminated due to conviction of a felony. * Mark Rowland, Westlake, Ohio, effective Oct. 29, 2003. * Michael Edelen, Phoenix,...

Mark your calendar for the year's hottest events!(Members Only)
March 1, 2005... The dates are set--mark them on your calendar! The Ohio Accounting Show will be held May 25-26 in Dayton and Sept. 21-22 in Cleveland. The 2005 Members Summit and Annual Meeting will be held June 17 in Columbus. [ILLUSTRATION OMITTED] ...

Thank you to all contributors to the Ohio Society's Educational Foundation.(Members Only)
March 1, 2005... $1,000 + Rea & Associates Inc. New Philadelphia Mellott & Mellott PLL Cincinnati $200 + George E. Bethea Akron Thomas W. Brell Maumee Janice L. Culver Chagrin Falls Annex Richard D....

Remembering Raymond P. Snow, Jr., CPA.(Members Only)
March 1, 2005... The Ohio Society recently lost one of its most treasured members. Raymond P. Snow, Jr., CPA, president of The Ohio Society from 1978-1979, passed away on Dec. 20, 2004, after battling Alzheimer's. [ILLUSTRATION OMITTED] "Ray was a...

Thank you to the 2004-2005 AICPA committee volunteers.(Members Only)
March 1, 2005... Patricia F. Basti Virtual Grassroots Panel--formerly the Group of 100 Stacie D. Bennison Virtual Grassroots Panel Leon W. Blazey Jr. Uniform Accountancy Act Committee Stephen C. Blowers Professional Ethics...

Ohio Society member aids tsunami victims.(Members Only)
March 1, 2005... As the world listened to the horrifying damage caused by the tsunami that struck India and Asia, one Society member was already taking action. Ranjan Manoranjan, CPA, member of the Society's Executive Board and native of Sri Lanka, is...

Ohio Society staff member retires after 33+ years.(Members Only)
March 1, 2005... You may not recall 1971, or perhaps you weren't even born yet, but Linda Mathers remembers it well. That's when she began her career at The Ohio Society of CPAs, which lasted until her recent retirement in January. [ILLUSTRATION OMITTED]...

Accountant's reports on nonpublic financial statements of the primary beneficiary when a variable interest entity is not consolidated.(academic perspectives)
March 1, 2005... The reference to "parent-only" financial statements in Financial Accounting Standards Board Interpretation (FIN) No. 46 and No. 46(R) has caused confusion among accountants about its applicability to the financial statements issued by a...

Rea & Associates.(Dublin)
March 1, 2005... Matthew E. Ganz, CPA, and Jonathan J. Granson, CPA, joined Rea & Associates as tax managers. Jeffrey Gerberry, CPA, has been promoted to director; Justin Sulsberger, CPA, has been promoted to senior accountant; and J.W. Wilson, CPA, has been...

Youth & Families.(Dublin)
March 1, 2005... Christopher S. Joos, CPA, has been elected chair of the board for Directions for Youth & Families, a Columbus-based non-profit organization. [ILLUSTRATION OMITTED]

King Dodson Armstrong.(Dublin)
March 1, 2005... Diane E. Armstrong, CPA, of King Dodson Armstrong, has been elected president of the Central Ohio Chapter of the Financial Planning Association. [ILLUSTRATION OMITTED]

Seikel, Shalek & Company.(Northeast)
March 1, 2005... Lewis A. Seikel, III, CPA, and Ted J. Shalek, CPA, have merged their two firms. The new firm is Seikel, Shalek & Company.

Four Fifteen Group.(Canton)
March 1, 2005... Jeffery O'Neill, CPA, has been named senior manager with the Four Fifteen Group. [ILLUSTRATION OMITTED]

Cohen & Company.(Cleveland)
March 1, 2005... The following members have been promoted at Cohen & Company: Keith D. Klodnick, CPA, to partner in the accounting and auditing department, John M. Stark, CPA/ABV, to partner in the litigation services and business valuation department, Robert...

Rea & Associates.(New Philadelphia)
March 1, 2005... Ryan D. Dumermuth, CPA, has been promoted to principal at Rea & Associates. Cynthia J. Reid, CPA, has been promoted to manager. Kyle R. Stemple, Molly E. Farley, CPA, and Erika S. Schuch, CPA, have been promoted to senior accountants.

Rea & Associates.(Lima)
March 1, 2005... Dennis K. Gallant, CPA, and Mark J. McKinley, CPA, have been promoted to principals at Rea & Associates.

Rea & Associates.(Cambridge)
March 1, 2005... Dana R. Launder, CPA, and Les M. Wymer, CPA, have been promoted to senior accountants at Rea & Associates.

Brady Ware.(Dayton)
March 1, 2005... Prakash T. Maggan, CPA, has joined Brady Ware's tax/accounting team as senior accountant. [ILLUSTRATION OMITTED]

Kentner Sellers, LLP.(Vandalia)
March 1, 2005... Patricia Werst, CPA, and Julia A. Ware have joined the accounting staff of Kentner Sellers, LLP. * The Ohio Society welcomes submissions to the Members in Motion column. Send photos and accomplishments to the Editor at...

CPE & events.(Calendar)
March 1, 2005... Event Spotlight Columbus 3/14/05 Ohio CPAs in Industry Conference Columbus Airport Marriott Hotel Devise a game plan to succeed in today's corporate environment at the Ohio CPAs in Industry Conference. Specifically...