Catalyst (Dublin, Ohio) articles from September 2005

Catalyst (Dublin, Ohio) archives from September 2005

A vision for the CPA profession.(A message FROM THE CHAIR)
September 1, 2005... What defines you as a CPA? If you asked a hundred different CPAs, you would certainly hear a variety of answers. But there would also be many common themes. Now is a time to get back to those common qualities that we all share; those...

Businesses must register to pay new commercial activity tax by Nov. 15: online registration available through Ohio Business Gateway.(Ohio)
September 1, 2005... Businesses with more than $150,000 in gross receipts have until Nov. 15 to register to pay the new commercial activity tax (CAT). The Ohio Business Gateway (OBG) allows businesses to register online. The CAT applies to Ohio sales (gross...

Five issues expected to appear on fall ballot.(Ohio)
September 1, 2005... Five statewide issues are expected to appear on the November 2005 ballot, including the Ohio Jobs Package and four constitutional amendments to reform legislative redistricting, campaign finance and election oversight. Issue 1, the Ohio...

Taft pushes federal fuel cell tax credit.(Ohio)
September 1, 2005... Gov. Bob Taft urged Congress to approve tax credits for businesses and homeowners who install fuel cell electricity stations. Joining governors from Maryland, Connecticut and Pennsylvania, Taft issued a statement supporting the measure. It...

Ohio's growth rate improves, still near bottom of list.(Ohio)
September 1, 2005... Ohio recently landed at No. 49 out of 50 in a study comparing state growth rates. The study, conducted by the American City Business Journals, analyzed the economic vitality of the 50 states and the District of Columbia since 1999. Growth...

IRS, Treasury issue Priority Guidance Plan for 2005-2006.(National)
September 1, 2005... The IRS and the U.S. Treasury Department released the 2005-2006 Priority Guidance Plan to prioritize tax issues that will be addressed by the IRS during the next year. The guidance plan includes 254 projects that relate to tax topics, such...

Profession reaching out to victims of Hurricane Katrina.(National)
September 1, 2005... The AICPA is working with the state CPA societies that were affected by Hurricane Katrina. This is your chance as a member of the CPA profession to provide assistance to the victims of Hurricane Katrina. Contact the following organizations...

AICPA, NASBA propose revisions to UAA.(National)
September 1, 2005... The AICPA and the National Association of State Boards of Accountancy (NASBA) have proposed revisions to the Uniform Accountancy Act (UAA) in a new exposure draft. The AICPA and NASBA said the revisions would improve the UAA statutory...

IRS to study S corporation reporting compliance.(National)
September 1, 2005... The IRS has launched a study to assess the reporting compliance of S corporations. The study will examine 5,000 randomly selected S corporation returns from tax years 2003 and 2004. S corporations are entities that have income and...

AICPA says CPAs make good CFOs.(National)
September 1, 2005... CPAs have the right qualifications to serve as chief financial officers, according to the AICPA's Business and Industry Executive Committee. Today's business world requires that CFOs have expertise in accounting, internal controls and...

PCAOB adopts ethics and independence rules.(National)
September 1, 2005... The PCAOB adopted ethics and independence rules addressing tax services, contingent fees, and related ethics and independence standards. The rules limit the ability of accounting firms to offer tax services to public company audit clients. ...

Summing up: IT spending is on the rise.(Newsflash)
September 1, 2005... Small and Medium-Sized Businesses IT Spending as a Percentage of Revenue (by Vertical Market) Transportation 3.9% Construction and Engineering 4.4% Health Care 4.6% Pharmaceuticals ...

Evolving curricula: ethics proposal stirs debate; Many college graduates preparing to take the CPA exam this year started school in 2000. At that time, Enron and WorldCom were heralded as dynamic, growing companies.(Cover Story)
September 1, 2005... Kenneth Lay and Bernie Ebbers were highly regarded as visionary corporate leaders. Andersen was one of the world's largest, oldest and most visible accounting firms. Voters in Maryland and Ohio were aware of Sen. Paul Sarbanes of Maryland and...

Compliance offers opportunity to strengthen business.
September 1, 2005... With the enactment of the Sarbanes-Oxley Act of 2002 (SOX), executives, corporate boards and audit committees are now required to focus a significant amount of labor on monitoring the effectiveness of internal controls for financial reporting....

Tax practitioner responsibilities expand under Circular 230.
September 1, 2005... Since the early 1920s, Circular 230 has embodied the rules of practice that set out the U.S. Treasury's standards of conduct for federally authorized tax practitioners. ********** As of June 21, the regulations are no longer limited in...

Taming the 'fat cat': navigating the Alternative Minimum Tax.
September 1, 2005... The "fat cat" tax--better known as the Alternative Minimum Tax (AMT)--was originally conceived to reduce the amount of deductions high-income individuals could take on their tax returns. However, over time it has left many middle-class...

Employee benefits update--a users perspective: most financial professionals wear many hats in their day-to-day activities. Typically one of those hats is monitoring changes in retirement and benefit plans.
September 1, 2005... Employer-sponsored plans continue to be complex and have increased scrutiny by authoritative bodies, such as the Department of Labor (DOL) and the IRS. It becomes increasingly important for financial professionals to be aware of...

Leveraging IT expertise: technology skills increasingly important to small business clients.(Business Bytes)
September 1, 2005... The current technology landscape presents both tremendous opportunities for growth and noteworthy challenges, especially for firms that serve small business clients. ********** The demand by small businesses for services provided by...

Self-assessment exam.
September 1, 2005... Catalyst -- September/October 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....

Born to run: campaign training a success.(Capitol Access)
September 1, 2005... Members had the opportunity to take the first step in their run for public office during The Ohio Society of CPAs biannual Campaign Management Seminar in July. ********** The successful two-day training for potential candidates,...

Clarification on Ohio State Tax Reform article in July/August Catalyst.(Correction Notice)
September 1, 2005... In the last issue of Catalyst, it was incorrectly reported that Gov. Bob Taft vetoed the machinery and equipment grant that replaced the Ohio Investment Tax Credit struck down by the U.S. Supreme Court. The governor only vetoed the portion...

Click to connect with new Volunteer Web site.(Member Connections)
September 1, 2005... Volunteering gives members an opportunity to grow professionally, make valuable contacts, and strengthen your professional affinity. With more than 50 ways to get involved in The Ohio Society of CPAs' activities, it may be difficult to know...

Everybody counts: volunteering adds up for Jim Sharvin.(Member Profile)(Interview)
September 1, 2005... Jim Sharvin, CPA, from Worthington, leaves his practice for weeks at a time to travel the world as a volunteer. Recently he returned from one such mission trip to Cambodia and Thailand for an Ohio-based charity, providing aid to orphans. ...

Minority students learn business skills at ACAP-Ohio.(Members Only)
September 1, 2005... Forty minority high school students from around Ohio now have a better idea of what life could be like working in the accounting and business world. The Accounting Careers Awareness Program (ACAP-Ohio) celebrated its 10-year anniversary...

AICPA chair Bunting briefs executive board at retreat.(Members Only)
September 1, 2005... At The Ohio Society Executive Board retreat in August, AICPA Chair Robert L. Bunting, CPA, gave an update on the latest AICPA issues and said that CPAs should position themselves as leaders in the effort to help Americans deal with financial...

The Ohio Society offers a complete CPE toolkit.(Members only)
September 1, 2005... The Ohio Society of CPAs offers nearly 500 seminars and conferences year-round, as well as a wide range of self-study and onsite options. This gives members a variety of resources for tailoring CPE coursework to fit their busy schedules,...

Accountancy Board of Ohio disciplinary actions listed.(Members only)
September 1, 2005... The following are the disciplinary actions taken by the Accountancy Board of Ohio at its June 6 Board meeting. This information is current as of press time. NAME BOARD HOMETOWN ...

Creating partnerships to meet the 150-hour rule.(Academic Perspectives)
September 1, 2005... When the 150-hour requirement bill was signed into Ohio law in May 1992, the faculty of the Department of Accountancy at John Carroll University (JCU), Cleveland--even some who had been opposed--took up the gauntlet to design a quality and...

GBQ Partners LLC.(Columbus)
September 1, 2005... Douglas T. Malicki, has joined GBQ Partners LLC as director of state and local tax consulting.

Norman, Jones, Enlow & Co.(Columbus)
September 1, 2005... Michelle Roseberry, CPA, has been promoted to senior manager at Norman, Jones, Enlow & Co. [ILLUSTRATION OMITTED]

GBQ Consulting LLC.(Columbus)
September 1, 2005... Rebekah A. Smith, CPA, CVA, CFFA, director of litigation support of GBQ Consulting LLC, has earned the designation of Certified Forensic Financial Analyst (CFFA).

Certified Valuation Analyst.(Westerville)
September 1, 2005... Jeffery D. Sammons, JD, MBA, CPA, CVA, has earned the designation of Certified Valuation Analyst (CVA).

Walthall, Drake & Wallace LLP.(Cleveland)
September 1, 2005... Thomas V. David, CPA, and Paul Weisinger, CPA, have been promoted to supervisors at Walthall, Drake & Wallace LLP.

Lorain National Bank.(Cleveland)
September 1, 2005... Donald F. Zwilling, CPA/ABV, CVA has been named to Lorain National Bank's board of directors.

McManus, Dosen & Co.(Middleburg Heights)
September 1, 2005... Carriann M. Louttit, CPA, has joined McManus, Dosen & Co. as a member of the firm's audit and financial services group.

Johnson, Cambra & Libbert, Inc.(Cincinnati)
September 1, 2005... Robert R. Kramer, CPA, CFE, has joined Johnson, Cambra & Libbert, Inc.

Clifton Gunderson LLP.(Indianapolis)
September 1, 2005... Dane E. Wheeler, MBA, CPA, CFE, has been promoted to partner at Clifton Gunderson LLP. [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....

CPE and events.(Calendar)
September 1, 2005... Event Spotlight Cleveland 9/21-22/05 Ohio Accounting Show I-X Center Opportunities are numerous at The Ohio Accounting Show. Gain up to 16 credits of CPE by attending both days of the show. View the latest business...

Message from the chair.
September 1, 2005... By almost any standard, 2004-2005 was a successful year for The Ohio Society of CPAs' Educational Foundation and its award-winning programs, including: [ILLUSTRATION OMITTED] * Accounting Careers Awareness Program (ACAP-OHIO), an...

Student ambassador program.
September 1, 2005... The Student Ambassador Program was created in 2001 to explain the advantages of majoring in accounting and a career in the CPA profession to college students. Since the program's inception, thousands of students have been exposed to the...

Accounting Careers Awareness Program (ACAP-Ohio).
September 1, 2005... Inspiring Ohio's minority high school students to pursue their educational and career goals is what the Accounting Careers Awareness Program (ACAP-Ohio) is all about. [ILLUSTRATION OMITTED] Ten years ago, The Ohio Society of CPAs and...

Accounting for Kids[R] Day.
September 1, 2005... Accounting for Kids[R] Day is a financial literacy initiative that offers CPAs and other business professionals a chance to give back to their communities by helping students understand the fundamental concepts of financial literacy. ...

College scholarship program.
September 1, 2005... The Foundation sponsors 12 regional $1,000 scholarships for accounting majors to use toward their senior or fifth year of education. The recipients chosen for those 12 scholar-ships are invited to The Ohio Society of CPAs' office to compete for...