Catalyst (Dublin, Ohio) articles from March 2007

Catalyst (Dublin, Ohio) archives from March 2007

Avoiding a hidden danger.(A message FROM THE CHAIR)
March 1, 2007... For many CPAs, this issue of Catalyst is landing on your desk during one of the most hectic times of the year. Despite everything you have on your plate, there is an important issue in the profession that you need to be aware of--one that could...

Ohio municipalities might not follow IRS and Ohio on personal income tax date extension.(Ohio)
March 1, 2007... Member concerns over whether Ohio's municipalities are required to extend their personal income tax filing deadline to coincide with the April 17 deadline for state and federal returns led The Ohio Society to seek legal counsel's interpretation...

Illinois proposes new practice privilege rules, Ohio Society expresses concerns.(Ohio)
March 1, 2007... The Illinois Department of Financial and Professional Regulation (IDFPR) proposed new rules that would govern the practice of out-of-state CPAs in Illinois. While this version represents a significant improvement on Illinois' originally...

Ohio political leaders support proposal to extend term limits.(Ohio)
March 1, 2007... Ohio Democratic and Republican political leaders are expressing support for a constitutional amendment to lengthen legislative term limits. While acutely aware of the wide public support for legislative term limits, state political leaders...

Professional and health care occupations expected to dominate long-term job growth.(Ohio)
March 1, 2007... A new study shows Ohio is expected to gain more than 425,000 new jobs by 2014, with the largest growth in professional and related occupations. The Ohio Job Outlook to 2014, a report published by the Ohio Department of Job and Family...

Senate approves raising minimum wage to $7.25 an hour.(National)
March 1, 2007... The Senate overwhelmingly approved by a 94-3 vote for a federal minimum wage increase from $5.15 to $7.25 an hour over two years. It also approved $8.3 billion in targeted tax and regulatory relief for small businesses. The $8.3 billion...

FIN 48 implementation moving forward.(National)
March 1, 2007... FASB voted to move forward in implementing new rules that require public companies to take a more structured approach in reporting uncertain tax positions on their financial statements. FASB's Interpretation No. 48, Accounting for...

Bush to increase focus on health care.(National)
March 1, 2007... A Wall Street Journal (WSJ) and NBC News poll indicated that health care costs are the nation's top economic concern. The poll came as President Bush proposed an insurance initiative that threatens a possible tax increase for many upper-income...

Microsoft Vista: should you upgrade?(National)
March 1, 2007... Microsoft Corp. launched its latest product, Vista, to consumers in 70 countries in January. Microsoft Vista was released for businesses on Nov. 30. The Vista release also includes new versions of Microsoft Exchange e-mail software and the...

Small business managers reveal startling work hours and habits.(National)
March 1, 2007... A national work/life balance survey conducted by Staples, Inc. revealed that nearly half of U.S. small business managers work during time meant for family and admit to making business calls and checking e-mail while driving. Overall,...

Summing up.
March 1, 2007... Mobile Internet Usage [ILLUSTRATION OMITTED] 28% Number of mobile users worldwide that had accessed the Internet from their mobile phones as of April 2006 3 billion Predicted number of mobile users worldwide by 2009 ...

Balancing act: how the generations handle work/life balance.(Cover story)
March 1, 2007... Old gladiators facing young lions is how some might describe the struggle between the generations. The battle only gets more complicated when the two sides circle each other over the issue of work/life balance. For some, self sacrifice, or...

Financial restatements: the changing rules of the game.
March 1, 2007... The "Numbers Game" was declared by Securities and Exchange Commission (SEC) Chair Arthur Levitt in 1998, challenging that the quality of financial reporting had been eroded by accounting practices seeking to manage earnings. ********** ...

Avoid a sticky situation: a guide to firing an employee.
March 1, 2007... When it comes to managing an employee exit, it takes skill and proper procedure to ensure a satisfactory outcome and avoid a sticky situation. Here is your guide to what you need to know when you need to let an employee go. ********** ...

Start planning for 2007: The Ohio Society of CPAs 2007 conference calendar.(Calendar)
March 1, 2007... May 17 Not-for-Profit Conference (Columbus) 23-24 Ohio Accounting Show (Dayton) June 26 2007 Members Summit & Annual Meeting (Columbus) Aug. 17 Practicing Aspects of Compilation and Review (Akron) 22 Financial...

Who has time for anything but e-mail?
March 1, 2007... Has e-mail become the default method of communicating where you work? Do you know introverts who'd rather communicate from their keyboard rather than talk to a co-worker in the next cubical? Has your organization improved teamwork, productivity...

Plan on Ohio: Ohio's new Bright-Line Residency Test adds simplicity and opportunities.
March 1, 2007... Before leaving office in January 2007, Gov. Bob Taft signed into law Sub. H.B. 73, called the 2007 Bright-Line Residency Test for Ohio personal income tax and school district income tax purposes. For taxable years beginning on or after Jan. 1,...

Self-assessment exam.
March 1, 2007... No matter your location and the time of day you can gain CPE credit. How? Through the Self Assessment Exam provided in every issue of Catalyst: The Leading Edge of Ohio Business. It's so convenient and portable you can take it on a plane, in...

The Networking Forum for Professionals: Member Connections programming gets a facelift.(member connections)
March 1, 2007... More than 10 years ago, Akron-area members reached out to professionals outside of the CPA profession to form the Akron Attorney, Banker and CPA (ABC) Forum. This networking outreach allowed members to develop their personal contacts and...

Upcoming events.(Calendar)
March 1, 2007... While the formats will be the same, programs scheduled in the current CPE year and in Akron will retain the name ABC Forum. All other programs will now be known as Networking Forums for Professionals. To register, go to www.ohioscpa.com and...

Tax-related, public records bills pass at end of legislative session.(Capitol Access)
March 1, 2007... In the final week of 2006, former Gov. Bob Taft signed numerous bills into law, including legislation containing tax-related provisions, standalone tax bills and clarification of public records laws: * Comprehensive public records...

Jennings inspires youth to stand and 'walk tall'.(member profile)
March 1, 2007... It's not every day that a CPA would give up a successful career working in the corporate arena to run a non-profit organization. But that's just what Ohio Society member David Jennings, CPA did when he became involved with a youth program...

My life as a CFO: Ohio Society member shares connection with American Cancer Society.(Off the Beaten path)
March 1, 2007... Working in a great organization in support of a cause you feel passionately about is the best possible combination for any career. As a CFO, I get to use my skills to contribute to the financial stability of the American Cancer Society, an...

Uncle Sam wants you!(Idea Exchange)
March 1, 2007... If you are choosing or changing your career path, you may want to consider working for Uncle Sam--specifically as a civilian employee for one of the many defense agencies in Ohio that employee a vast array of accountants. These include the...

Ohio Society member experiences the benefits of government work.(Interview)
March 1, 2007... Ohio Society member Jackie Hall-Carilllo, CPA has almost 20 years of experience working for Uncle Sam. Catalyst staff spoke with her to find out how it compares to the public sector Q Where do you work? I work for the FAS--Cleveland...

Moeller nominated as 2007-2008 OSCPA chair-elect.(Members Only)
March 1, 2007... The Ohio Society of CPAs Nominating Committee unanimously selected Jay J. Moeller, CPA as the recommended candidate for 2007-2008 chair-elect of the Society's Executive Board. He would serve as chair of the Board for the 2008-2009 activity...

2007 Dayton Accounting Show: make it your own May 23-24.(Members Only)
March 1, 2007... Four new tracks have been added to the mix of quality continuing education sessions and a wide variety of exhibits at the 2007 Dayton Accounting Show, May 23-24. "Topics are very relevant to issues CPAs face today in both public and...

Accountancy Board of Ohio disciplinary actions.(Members Only)
March 1, 2007... Following are disciplinary actions taken by the Accountancy Board of Ohio at the Oct. 20, 2006 Board meetings. This information is current as of press time. Name Board Location ...

An organizational approach to selecting an Internet Service Provider.(academic perspectives)
March 1, 2007... Selecting the right Internet Service Provider (ISP) for an organization is an important decision in today's digital economy. The success of many organizations could very well depend on the level and quality of Internet connectivity. Selecting...

SS & G Financial Services, Inc.(Columbus)
March 1, 2007... Thomas R. Brex, CPA has joined SS & G Financial Services, Inc. as an associate director in the tax department. [ILLUSTRATION OMITTED]

The Shaw Company.(Columbus)
March 1, 2007... Terrie L. Swanek has joined The Shaw Company as a staff accountant.

Schlabig & Associates, Ltd.(Akron)
March 1, 2007... The following members have been promoted at Schlabig & Associates, Ltd.: Julie Barnett to staff accountant; Laura J. Schick to senior tax accountant; Sharon M. Sledzik, CPA to tax manager; and Christine M. Stump, CPA to senior accountant....

Brockman, Coats, Gedelian & Co.(Akron)
March 1, 2007... Laura B. Culp, CPA, director of the tax practice at Brockman, Coats, Gedelian & Co., has received second place recognition for the International Group of Accounting Firms Worldwide's Best Tax Planning Ideas at the international association's...

SS & G Financial Services, Inc.(Akron)
March 1, 2007... Mary Jo Dolson, CPA and David B. Hopkins, CPA have been promoted to associate directors in the tax department at SS & G Financial Services, Inc.

National Association of Certified Valuation Analysts.(Canfield)
March 1, 2007... Matthew M. Bender, CPA has earned his Certified Valuation Analyst (CVA) designation with the National Association of Certified Valuation Analysts.

Howard, Wershbale & Co.(Cleveland)
March 1, 2007... James M. Horkey, CPA, ABV and Rosemary Orlando, CPA have been promoted to principals at Howard, Wershbale & Co. [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED]

SS & G Financial Services, Inc.(Cleveland)
March 1, 2007... The following members have been promoted at SS & G Financial Services, Inc.: Sandra I. Howard, CPA, Deborah A. Lopilo, CPA and Kimberly A. Zagar, CPA to associate director; and Clifford Sussman, CPA to director.

Donovan, Klimczak and Company.(Fairlawn)
March 1, 2007... Mark P. Chapman, CPA has joined Donovan, Klimczak and Company as executive manager in the tax division.

Rea & Associates, Inc.(New Philadelphia)
March 1, 2007... Ryan Dumermuth, CPA, Dennis Gallant, CPA and J.W. Wilson, CPA have been promoted to directors at Rea & Associates, Inc.

SS & G Financial Services, Inc.(Westlake)
March 1, 2007... SS & G Financial Services, Inc. has merged with Carey & Company, Certified Public Accountants. Vicki S. Bernardi, CPA joins the new firm as manager, and John T. Carey, CPA, JD joins as associate director.

Croghan Colonial Bank and Croghan Bancshares, Inc.(Freemont)
March 1, 2007... Thomas W. McLaughlin, CPA has been appointed to the board of directors of both Croghan Colonial Bank and Croghan Bancshares, Inc.

SS & G Financial Services, Inc.(Kentucky)
March 1, 2007... Scott J. Malof, CPA/PFS has joined SS & G Financial Services, Inc. as an associate director in the tax department. [ILLUSTRATION OMITTED]

CPE and events.(Calendar)
March 1, 2007... Event Spotlight Ohio Accounting Show 5/23-24/2007 Dayton Dayton Convention Center The Ohio Accounting Show combines continuing professional education with accounting and business displays. The Show focuses on current...