Archive for March, 2010
Greenwalt CPAs has been chosen as a 2010 recipient of the "Above & Beyond" Award from the Indiana Committee, Employer Support of the Guard & Reserve (ESGR). Greenwalt CPAs was nominated by SFC Danny Riley, whose wife works at Greenwalt CPAs.
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by Larry K. Greenwalt, CPA, Managing Partner
What is the difference between business mentoring and coaching? There can be some confusion between the two especially since often what a mentor does is coach.
A mentor is generally someone who has the industry-specific expertise. It is someone that the mentee admires in their profession for their knowledge and ability to be successful in difficult business situations. Mentors are people who have done the work that the mentees are doing, so they have the experience and insight that will hopefully help the mentees be successful in their career. Mentors possess the cultural savy that the mentees seek.
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by Jim Wagoner, CPA | Partner, Director of Tax Services
The Hiring Incentives to Restore Employment (HIRE) act, signed into law March 18, provides tax incentives for hiring and retaining workers and purchasing equipment and many other business assets.
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Business can be generated from social media and we know that there have been a lot of articles written and a lot of discussions regarding social media. We would just like to ask a couple of questions before you dismiss yet another article on this topic. Is your business blocking Facebook, Twitter, YouTube and other social networking sites? By doing this are you also preventing your company from using them to promote your company? Do you as a business owner understand these technologies?
Continue reading “One in Five Have Generated Business from…” »
Recently, a fax stating to be from the IRS has been making its way around. It claims that, due to “inefficiencies and irregularities perpetrated by some tax preparation experts”, you are due a small tax refund. All they need in return, is detailed financial information from you. Don’t be fooled – this is a scam.
The IRS does not correspond via unsolicited emails or facsimiles. If you are in doubt about any IRS correspondence you may receive, please contact us before you reply. Any emails that purport to be from the IRS should be reported to phishing@irs.gov. Faxes and other misuses of the IRS name, logo, or forms may be reported to the Treasury Inspector General for Tax Administration toll-free at 1-800-366-4484.
Curious about other common scams? Go to www.irs.gov and search for “phishing and email scams” and also scroll down to “additional resources.”
by Rex Miller, CPA | Partner, Team Member of Manufacturing and Distribution Services
If you think the Sarbanes-Oxley Act (SOX) doesn’t apply to your closely held manufacturing company, think again. Granted, you’re not required by law to comply with SOX provisions — only publicly traded companies are held to its corporate governance and financial reporting standards. But many privately held companies are adopting some of the act’s provisions because they make good business sense.
Continue reading “What a Private Manufacturer Should Know about SOX” »