Posts Tagged ‘Anita Sherman’
by John Fisk and Anita Sherman, CPA | Members of the Manufacturing & Distribution Services Group
The balanced scorecard (BSC) has been used by companies since the early 1990s and continues to be an effective strategy performance management tool for organizations across the world. Based on a study by Bain & Company entitled ‘Management Tools & Trends 2011’, the BSC is the 6th most utilized management tool globally and the 12th domestically.[i] Given its widespread usage and support, this is a device you should consider employing to increase the overall value and profitability of your business.
by Anita Sherman, CPA | Managing Partner and Marie Jett, CPA | Manager, Tax Services Group
The election is over. For employers and plan sponsors that adopted a “wait and see” approach before focusing on Obamacare compliance issues, the time for waiting is over. Indiana is not planning on creating an insurance exchange, so individuals who can’t find coverage from the many sources currently readily available will need to go through the Federal exchange. Also, full time equivalents for purposes of determining applicability are those employees working 30 hours or more per week (used in determining whether a company has 50 or more employees).
Please click here to see the changes that you need to be aware of for 2013
At the Indiana CPA Society CPA Celebration on November 16, 2012, Anita W. Sherman, CPA received the Society’s highest award, The Distinguished Service Award. Sherman is Managing Partner of Greenwalt CPAs. Anita has a long history of service to her community and profession. She is currently on the Board of Directors of, has served as Chair of the Indiana CPA Society Board of Directors, and chaired a number of CPAA’s and the Society’s committees including leading its Future Issues Task force. Anita served as a member of the governing council of the American Institute of CPAs for a number of years.
Anita has also served on the board of United Way of Central Indiana and as Chair of the Allocations Committee. She previously served on the Boards of Directors of Westview Hospital and CICOA, and numerous other community boards and committees. Anita currently is serving on the Alumni board of her alma mater, Manchester University
Anita has previously been recognized as the Outstanding CPA in Public Practice by the Indiana CPA Society, has received the Public Service Awards from both the Indiana CPA Society and the American Institute of CPAs, and has been recognized as one of the Top 100 Most Influential Practitioners by CPA Magazine. In 2010 Anita received Manchester University’s Alumni Honor Award, and the IBJ’s Women of Influence Award. In 2011, Anita was one of four women honored by the Indiana Minority Business Magazine, and in October 2012, for the third year in a row, Anita was recognized as a Five Star Wealth Manager by Indianapolis Monthly magazine.
Indianapolis Monthly recently released their 2012 survey of the Five Star Wealth Managers. For the fourth year in a row, Greenwalt CPAs has been included within the designation. Managing Partner, Anita Sherman, CPA was named a Five Star Wealth Manager under the category of Business Planning and Senior Tax Partner, Larry Brodnik, CPA was named a Taxation Five Star Wealth Manager.
by Larry K. Greenwalt, CPA | Chairman of the Board and
Anita Sherman, CPA | Managing Partner
During the past two months we have been discussing the ownership transition process, particularly as it relates to family owned businesses. As previously discussed, transition is a process that should occur over time in accordance with a well thought out, coordinated plan. But what about children who are not involved in the business? This often presents a dilemma that results in inaction-but it needn’t be that way!
by Anita Sherman, CPA | Managing Partner
“Developing” successors is an important matter that often does not get addressed until it is over ripe, because, while it is important, it is not urgent. Very few businesses have successfully transitioned in the past from one leader to another, so many CEOs don’t have a road map to follow. This process often isn’t well thought out, if it is viewed as a process at all. “Hey, nobody taught me how to be the President. I learned it all by myself”, we frequently hear. There are a number of reasons why approaching your transition early and on a proactive and deliberate basis might be a better idea than leaving the process to chance: a) the complexity of business today requires strong skill sets, b) you want to leverage your knowledge and talent, c) you want to ensure that your financial future is more secure (assuming that the value of your business, or a future income stream from it, is important to you), d) to identify the skills needed and work on development of those in your identified next leader. Even if your exit strategy is to sell to an outside buyer rather than internal one (i.e. children, other family members or existing key personnel), having a strong management team in place is a real plus. Continual assessment, promotion, and development and retention of your key performer’s are critical to a successful plan.
I recently received a communication from Jo Young-Switzer, President of Manchester College (and my alma mater), that is worth sharing. It is entitled
Notes from the President.
“Reflections. My reflections are usually fairly upbeat about higher education, but my January time away led me to think about young adults. I worry about them. I worry that some of them rely too much on their parents to solve their problems, from roommate issues to financial predicaments. I worry that too many of them have not developed the ability to delay gratification. I worry that some of them have no clue that loans will need to be repaid because loan dollars that seem so easily available now will soon become painful monthly repayments after graduation.
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.
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.
The partners of Greenwalt CPAs have selected Senior Partner Anita W. Sherman, CPA, as the firm’s next managing partner, effective January 1, 2011. Larry K. Greenwalt, CPA, current managing partner, will become chairman of the board, and continue serving as an advisor to the firm, as well as serving clients.