We are looking for experienced professionals to join our team in our #Boardman & #Youngstown, OH offices: http://t.co/G5MRohJY
Hill, Barth and King LLC - Working Together Sets Us Apart
By Steve Franckhauser, Esq.By Steve Franckhauser, Esq.
Currently, there are nearly 1 million unemployed veterans in the United States. This number is expected to increase significantly with the withdrawal of troops from Iraq. Congress passed the Vow to Hire Heroes Act, which was enacted as of November 21, 2011. This act expands the Work Opportunity Tax Credit for businesses and is even available to certain tax-exempt organizations. What is significant about this new act is that it employers will have more time to file the required certification form to the State.
Taxpayers got some good news in April 2011 when Congress passed, and President Obama, signed legislation to repeal expanded information reporting requirements. The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 repealed expanded business information reporting requirements previously scheduled to take affect for payments made after December 31, 2011 and also repealed rental property expense reporting which was effective for payments made after December 31, 2010.
As we look forward to serving our clients in the future, we'll be making some changes to ensure that we adapt to the ever changing environment and continue to deliver world class service. As always, we're investing heavily in people, technology and education and we're also changing the name of our financial services firm to more accurately reflect our business and our clients. I truly enjoy helping entrepreneurs build and grow their organizations. Their passion is contagious and it is something that is exciting to be a part of. They pour all of their energy, capital and time into a vision in the hope of creating profits, cash flow and equity for a better tomorrow. For just a moment I wanted us to pause and consider, “What is our plan for tomorrow?”
All too often accountants tend to consider the job well done when they deliver the services that their clients ask for without stepping back to analyze what I call the "whole client". Servicing the “whole client” requires asking strategic questions and truly listening to their responses prior to making recommendations that may not consider all that needs to be considered.
In my view, FASB appears to have progressively focused more and more on public company financial reporting. However, since FASB currently issues standards for both public and private companies, they must consider the needs of all financial statement users. And since the needs of users vary between those groups, standards for public and private companies should be different.
I've worked through the challenges and opportunitues that every merger or acquisition involves and I've spent countless hours on deals that ultimately failed to come to fruition. Consequently, I'm often asked "Why do you expend such resources on these endeavors?". My answer and sincere belief is that these acquisitions lead to new services, new markets, new talent and new passion that allow our firm to continue to meet and exceed our existing clients expectations and bring enhanced service opportunities to our new clients.
I usually think lower taxes are always a good idea. However, why do I feel such a proposal could end up being a “bait and switch”; entice employers to hire with lower payroll taxes and then raise payroll taxes later after they are already on the payroll.
We are looking for experienced professionals to join our team in our #Boardman & #Youngstown, OH offices: http://t.co/G5MRohJY
We are currently looking for experienced #accountants & #CPAs to join our team in Stuart, FL: http://t.co/9zAwuUEi
We are seeking experienced #tax #accountants / #cpas for our Meadville & Hermitage, PA offices: http://t.co/XwDL3gXy
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Taxes and investments go hand in hand. HbK is the trusted advisor to many for their accounting needs and with that, through HBKS Wealth Advisors, we provide financial services as well. You can find out more about HBKS Wealth Advisors offerings by visiting their web site here www.hbkswealth.com.
Many years ago it was actually un-professional conduct for accountants to advertise. The reason you don’t see many billboards or commercials on TV for CPA firms is that we develop business through relationships. We always appreciate a business referral to share how HbK can help. See the Principal Profiles page to make a direct contact with someone regarding a referral.
Hbk recently won an award for our training program, HbK Leadership University. One of the features of that program that sets us apart is that much of our training is done in house – we teach the HbK Way along with the how and why. This allows our staff to get up to speed quicker and better able to serve you.
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