Archive for the ‘News’ Category
As we approach the Thanksgiving holiday, we realize that we have much to be thankful for, as individuals, as a firm, as a city and as a country. We are blessed to live in a place where we have individual freedom, control our own destiny, and pursue our dreams. Not everyone in the world can do that, but thanks to the sacrifices of those who have gone before us, we are thankful that we can.
Continue reading “We Are Blessed!” »
November 15, 2011
Tax and business planning matters for manufacturing & Distribution
This seminar is especially geared to our business clients. Seminar topics include dealing with sales and use tax matters in a multi-state environment, property tax abatements, benefit from expensing of capital additions before sunset occurs, as well as the latest tax changes affecting businesses. 
December 7, 2011
Not for Profit Update
Designed for Board members as well as staff of NFP’s, this seminars topics include board governance items including responsibility for review of the 990, common Unrelated Business Income tax issues, reasonable compensation as well as several other matters.
December 14, 2011
Our annual tax update
The annual tax update will cover the latest changes affecting 2011 and 2012 that businesses and individuals need to be aware of. This session is from 8:00 am – 10:00 am. Doors will open at 7:30 am.
December 14, 2011
Our annual accounting update This session will focus on the accounting changes taking place in the last year effective for 2011 and beyond. This session is from 10:15 am – 12:15 pm.
CPE is available.
If you have any questions and/or would like to RSVP, please contact Suzanne Haskamp at shaskamp@greenwaltcpas.com or via 317-260-4476 or online at http://www.greenwaltcpas.com/give-your-tax-knowledge-a-boost/.
Greenwalt CPAs Shareholders Named to the 2011 Indianapolis Monthly Survey of Five Star Wealth Managers
In October, Indianapolis Monthly released their 2011 survey of the Five Star Wealth Managers. For the third year in a row, three Greenwalt CPAs shareholders have been named as Five Star Wealth Managers. Managing Partner, Anita Sherman, CPA was named a Five Star Wealth Manager under the category of Business Planning. Chairman of the Board, Larry K. Greenwalt, CPA was named a Financial Planning Five Star Wealth Manager, and Senior Tax Partner, Larry Brodnik, CPA was named a Taxation Five Star Wealth Manager.
Continue reading “Five Star Wealth Managers” »
by Amanda Meko, CPA | Partner, Director of the Audit & Other Assurance Services Group
Many businesses enter into lease arrangements. Think about lease arrangements your company has. You probably lease office equipment, like a copier and a postage meter. You may lease equipment or vehicles. You may also lease space, such as an office or an entire building. Many of these leases are currently treated as operating leases. That is, you record rental expense in your income statement as you make payments on the lease. Now imagine how different your financial statements would look if you had to treat any long-term lease (greater than twelve months) as a capital lease. Under the new proposed rules, an asset and a liability would be recorded in the balance sheet, and the lease payments would be split into interest expense and a reduction of the liability, instead of showing up as rent expense. The asset would be amortized as noted below. For some lease arrangements, such as office equipment, the impact may not be that great. However, a building lease could have a substantial impact on the balance sheet and related debt and equity ratios.
Continue reading “Significant Changes in Lease Accounting” »
Managing Partner, Anita Sherman was featured in The Indianapolis Star on May 21 in one of the series of articles titled, "My Office".
Anita’s office is a testament to her far-flung travels with photographs and paintings from some of her favorite destinations. Such travels have included England, China and a future trip to Russia.
by Anita Sherman, CPA | Managing Partner and Larry Greenwalt
For the third year in a row, Greenwalt CPAs, Inc. employees’ have named Greenwalt as a Top Workplace company, finishing #2 this year out of 51 small company employers (firms with less than 150 employees) in the Indianapolis Star’s Top Workplaces survey, published April 17, 2011. This annual survey was conducted by Workplace Dynamics, an independent organization who directly surveyed company employees and compiled the results.
Workplace Dynamics asks employees a number of questions in six major categories, and our ranking among the 51 employers is as follow:
- Direction – ranked 1st
- Conditions – ranked 1st
- Execution – ranked 1st
- Career – ranked 2nd
- Managers – ranked 12th
- Pay and benfits – ranked 7th
Under the Special Awards category, Greenwalt CPAs/Larry K. Greenwalt received the Leadership Award for small companies.
The statements that Greenwalt CPAs scored relatively highest on (according to Workplace
Dynamics) were:
- I have confidence in the leader of this organization
- I feel well-informed about important decisions at this organization
- There is not a lot of frustration at my workplace
We had a 90% response rate from employees, compared to the survey average of 62%, which is extremely high, and further strengthens the accuracy and meaningfulness of the results.
We are appreciative that our team has again bestowed this honor on us, but we also firmly believe that in reality, our clients are beneficiaries as well, and that is very important to us. According to Workplace Dynamics, “..top workplaces tend to outperform their peers in areas such as client satisfaction, productivity and employee retention…”
Our CPA’s belong to the Indiana CPA Society (INCPAS). One of the issues we have been addressing through our Society is the position the Attorney General’s office has taken with respect to enforcing the unclaimed property statute. The following letter was written by the Society’s President to its members to update us regarding the ongoing discussions:
Continue reading “Indiana Unclaimed Property – Update” »
In honor of March being Women’s History Month, Anita Sherman, CPA, Managing Partner of Greenwalt CPAs has been selected as one of four women featured in the First Quarter 2011 issue, titled “Transcending Businesses – A Look at Four Hoosier Women Excelling in Various Fields,” in Indiana Minority Business Magazine. The article states how women are breaking the barriers in various fields of business, as well as profiling the four women selected.
Continue reading “Anita W. Sherman Featured in Indiana Minority Business Magazine” »
Anita Sherman, CPA | Managing Partner
As you may know, I assumed the role of Managing Partner of Greenwalt CPAs on January 1, 2011. While it is a humbling experience to be following the firm’s modern day founder and leader for the past 30 of the firm’s 60+ year history, I am excited about our future. We have a great group of 8 partners, using their diverse and unique expertise to provide advice to each firm client. Our mission is to be relevant to each client and help them identify and achieve their goals. We have an amazing group of talented and helpful staff that support and assist in delivering our services. It is our goal to continue to grow the firm and we appreciate the loyalty of each and every client and the many referrals received over the years. You have my pledge that we will continue to earn your business and referrals. If you ever have any suggestions for me, please contact me directly.
Continue reading “Carrying On” »
by Larry K. Greenwalt, Chairman of the Board
It has been my honor to serve as Managing Partner of Greenwalt CPAs during the past 30 years, and it is my distinct pleasure to now hand off this duty to Anita Sherman, whom the Partners unanimously elected as the next managing partner more than 14 months ago. Leadership identification, growth and development are an integral part of our strategic planning processes, and I believe that focus has been an important driver for the growth of the firm. In January 2008, I was re-elected Managing Partner for a three year term ending December 31, 2010, which gave us sufficient time to plan and transition responsibilities in an orderly manner. Our goal was to effect a smooth transition that would hardly be noticeable, either internally or externally. We made the announcement of Anita’s election to Managing Partner in September 2010.
Continue reading “Passing the Baton” »