Oversight and management of financial resources is a major concern for all non-profit organizations, regardless of whether they are a small, all-volunteer group or large national association.
On Thurs., Jan. 10 from 8:15-10:15 a.m., Marvin and Company, P.C. Director Frank Venezia, CPA and Krieger Solutions, LLC President and Founder Alan Krieger, will host a two-hour interactive workshop titled, “Financial Governance of Non-Profits: A Board Perspective” at Manfred Learning Center, 920 Albany Shaker Rd., Latham.
Register online by visiting http://conta.cc/Su0RV7 or call Pam Fenoff at Krieger Solutions, (518) 895-2939. The fee, which is $25 before 12/28 and $30 after that, covers handout materials and light refreshments. Space is limited.
“This workshop will provide easy-to-understand examples and suggestions that can be readily implemented in any organization,” said Venezia, explaining that board members and leaders of non-profit agencies are often unfamiliar with their financial management systems. “Participants will leave with a clearer idea of the board’s role in fiscal management, how to read financial reports and how to increase accountability and oversight.”
Among other topics, attendees will learn:
-The board’s specific responsibilities in fiscal management
-The purpose and goals of a fiscal management system
--Steps a board can take to effectively create accountability and oversight
What to look for when reviewing financial reports
-How to minimize risk of fraud or financial mismanagement
-The board’s interaction with internal and external auditors
Venezia has 35 years of public accounting experience and oversees Marvin and Company’s accounting and auditing services. He currently supervises audits and provides management advisory and other services for various not-for-profit organizations, fire districts and employee benefit plans.
Krieger is a former executive director of two non-profit organizations. His company provides bookkeeping and financial management consulting, leadership training and organizational development services to non-profit agencies across the state.
For more information, please contact Venezia at (518) 785-0134 or email fsv@marvincpa.com, or Alan Krieger at (518) 895-939 or email alan@kriegersolutions.com.
Satisfying Accounting and Tax Needs for Individuals and Corporations Throughout the United States for over 85 years.
Friday, November 30, 2012
Monday, October 15, 2012
10/24 WEBINAR: PERSONAL AND BUSINESS TAX UPDATE
With the upcoming presidential election and changes
to federal income taxes looming, get an update and learn about some planning
opportunities by participating in a free tax planning webinar titled, “Personal
and Business Tax Update” on Wednesday, Oct. 24th from noon to 1 p.m., hosted by
Marvin and Company, PC.
The session will highlight income tax planning and strategies for
individuals and businesses, as well as future tax rates and how they may affect
your tax planning and upcoming financial goals.
”This webinar will explore both the
challenges and opportunities of tax planning in an uncertain political
environment,” said Tom Donovan, CPA, who will present the session with
colleague Dan Litz, CPA, a director at the firm.
For more than three decades, Tom and Dan have
advised Marvin and Company clients on an array of personal and business
matters. With the “fiscal cliff” looming and the pressure on federal and state
operating budgets mounting, tax knowledge and planning is becoming more
critical for everyone.
One hour of continuing professional educational credit
is available for CPAs.
PC-based attendees are required to have:
Windows® 7, Vista, XP or 2003 Server, while Macintosh®-based attendees need Mac
OS® X 10.4.11 (Tiger®) or newer.
Space
is limited. Reserve your seat now at https://www2.gotomeeting.com/register/492044546
After registering, you will receive a
confirmation email containing information about joining the session.
For more information, give me a call at 518-785-0134 or email
me at kpo@marvincpa.com.
Cheers!
Friday, August 31, 2012
VIDEO: Frank Venezia, CPA, director at Marvin and Company and Kevin O'Leary, CPA, director, discuss non-profit fiscal governance on TV-17's The Money Factor
https://vimeo.com/48541803
On Wednesday, Sept. 19 from 5:30-7:30 p.m., Frank and Alan Krieger, a former executive director of two non-profits, will host an interactive workshop titled, “Financial Governance of Non-Profits: A Board Perspective.”
Held at Northeast Parent and Child Society, 530 Franklin Street in Schenectady, the session will focus on the fiscal responsibilities of board members/non-profit leaders and provide easy-to-understand examples and suggestions that can be readily implemented in any organization.
The cost is $15 and you can register by calling Bonnie Brisk at (518) 785-0134 x 169. Space is limited.
For more information, call Frank at (518) 785-0134, or email fsv@marvincpa.com
Tuesday, August 21, 2012
FINANCIAL GOVERNANCE OF NON-PROFITS FOCUS OF 9/19 INTERACTIVE WORKSHOP
The management and protection of financial
resources are major concerns for all non-profit organizations, regardless of
whether they are a small all-volunteer group or large national association.
On Wednesday,
Sept. 19 from 5:30-7:30 p.m., we'll be hosting an interactive workshop titled, “Financial Governance
of Non-Profits: A Board Perspective.”
Held at Northeast
Parent and Child Society, 530 Franklin Street in Schenectady, the two-hour session will focus on the fiscal responsibilities of board members
and non-profit leaders. The cost is $15
and registration is required by calling Bonnie Brisk at (518) 785-0134 x 169.
Space is limited.
“Although board members and leaders of non-profit
agencies are responsible for oversight and management of their agency’s financial
management, many are often unfamiliar with the system,” said Frank Venezia,
CPA, a colleague of mine at the firm who will lead part of the session. “This workshop will provide easy-to-understand
examples and suggestions that can be readily implemented in any organization.”
Among other
topics, attendees will learn:
- The board’s specific responsibilities in fiscal management
- The purpose and goals of a fiscal management system
- Steps a board can take to effectively create accountability and oversight
- What to look for when reviewing financial reports
- How to minimize risk of fraud or financial mismanagement
- The board’s interaction with internal and external auditors
Frank has 35 years of public accounting experience and
oversees our Accounting and Auditing Services. He currently
supervises audits and provides management advisory and other services for various
not-for-profit organizations, fire districts and employee benefit plans.
Alan
Krieger, a former executive director of two non-profits, will co-present. His company provides bookkeeping and financial management consulting
services, training, leadership and organizational development services to
leaders, staff and board members of non-profit agencies across the state.
Monday, August 13, 2012
8/15 WEBINAR TO ADDRESS ESTATE AND GIFT TAX UPDATE
With the presidential election and changes to the federal estate tax looming, learn what to do with your estate plan by participating in a free estate planning webinar titled, "Estate and Gift Tax Update" Wednesday, August 15th from noon to 1 p.m.
"This webinar will discuss the challenges and opportunities of planning for your estate in an uncertain political environment," said Senior Tax Manager Chris Cimijotti, CPA, who will present the session with colleague Tom Donovan, CPA, a director at the firm.
Cimijotti has provided personal, business, estate, and trust planning and taxation services to an array of clients for more than 26 years. Donovan, meanwhile, has more than 30 years' experience advising Marvin and Company clients on a variety of personal and business matters.
One hour of continuing professional educational credit is available for CPAs.
PC-based attendees are required to have: Windows® 7, Vista, XP or 2003 Server, while Macintosh®-based attendees need Mac OS® X 10.4.11 (Tiger®) or newer. Space is limited.
Reserve your seat now by visiting https://www2.gotomeeting.com/register/731453426
After registering, you will receive a confirmation email containing information about joining the session.
For more information, give me a call at 785-0134 or email me at kpo@marvincpa.com.
Cheers!
Thursday, July 5, 2012
7/18 WEBINAR TO ADDRESS RETIREMENT PLANNING OPTIONS FOR SELF-EMPLOYED
Whether you run a business and are looking for a tax deduction while
saving for your retirement, a self-employed business owner seeking to start a
retirement plan, or simply pondering the tax advantages of a Roth IRA, join us for a free retirement planning webinar on Weds, July 18thfrom noon to 1 p.m.
The session, titled “Retirement Planning: Choosing a Plan That’s
Right for You,” will review three of the most common retirement plans for the
self-employed — the Solo 401(k) Plan, SEP IRAs, SIMPLE IRAs and traditional
Roth IRAs.
“This webinar is intended to shed light on the best vehicles to help self-employed
individuals save for their retirement,” said Senior Employee Benefits
Specialist Linda Conrad, who will present the session with my colleague Tom
Donovan, CPA, a director at the firm.
“We will provide an overview of each of the plan’s characteristics,
eligibility requirements, conversion rules and tax features.”
Conrad, who specializes in the design and implementation of qualified
retirement plans, has more than 15 years’ experience in all areas of retirement
and benefit plan administration and design.
Donovan, meanwhile, has more than 30 years experience advising Marvin and Company
clients on a variety of personal and business matters. As head of the firm’s
Tax Department, he often represents clients that are undergoing State or
Federal tax audits.
One
hour of continuing professional educational units is available for CPAs.
PC-based
attendees are required to have: Windows® 7, Vista, XP or 2003 Server, while
Macintosh®-based attendees need Mac OS® X 10.4.11 (Tiger®) or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/459998874
After
registering you will receive a confirmation email containing information about
joining the session.
For
more information, call me at 518-785-0134, or email me kpo@marvincpa.com.
Cheers!
Tuesday, June 12, 2012
SOCIAL SECURITY BASICS ADDRESSED IN 6/20 WEBINAR
At one stage or another, each of us will retire from our full-time jobs. But how can we best prepare for this significant turning point in our lives and, more specifically, will we be able to achieve the dream of a secure, comfortable retirement?
On Wednesday, June 20 from noon to 1 p.m., my colleague Jim Amell, CPA will host a free webinar focusing on social security basics, including how social security benefits are determined, how to optimize social security for your personal situation, and important income tax considerations.
“We are often asked to advise clients about when to apply for social security benefits, how benefits are taxed or whether they can work and still receive social security benefits,” said Jim, a managing director at Marvin and Company. “These and many other questions will be addressed.”
One hour of continuing professional educational units is available for CPAs.
PC-based attendees are required to have: Windows® 7, Vista, XP or 2003 Server, while Macintosh®-based attendees need Mac OS® X 10.4.11 (Tiger®) or newer.
Space is limited.
Reserve your seat now by going to: https://www2.gotomeeting.com/register/992395770
After registering you will receive a confirmation email containing information about joining the session.
For more information, please call me at 518-785-0134, or email me at kpo@marvincpa.com.
Cheers!
On Wednesday, June 20 from noon to 1 p.m., my colleague Jim Amell, CPA will host a free webinar focusing on social security basics, including how social security benefits are determined, how to optimize social security for your personal situation, and important income tax considerations.
“We are often asked to advise clients about when to apply for social security benefits, how benefits are taxed or whether they can work and still receive social security benefits,” said Jim, a managing director at Marvin and Company. “These and many other questions will be addressed.”
One hour of continuing professional educational units is available for CPAs.
PC-based attendees are required to have: Windows® 7, Vista, XP or 2003 Server, while Macintosh®-based attendees need Mac OS® X 10.4.11 (Tiger®) or newer.
Space is limited.
Reserve your seat now by going to: https://www2.gotomeeting.com/register/992395770
After registering you will receive a confirmation email containing information about joining the session.
For more information, please call me at 518-785-0134, or email me at kpo@marvincpa.com.
Cheers!
Monday, May 7, 2012
5/16 WEBINAR TO EXAMINE LESSONS LEARNED FROM COMPTROLLER AUDITS
Our team will host another free webinar Weds., May 16 from noon to 1 p.m. This month's session will focus on lessons learned from audits by the Office of the New York State Comptroller.
Ideal for accountants working at school districts and other local governments, the live session will cover topics ranging from internal control considerations when faced with staffing reductions to best practices.
“This gathering offers a good opportunity to learn the areas which are the current trend for audits performed by the Office of the New York State Comptroller and tips on how to avoid the same findings,” said Marvin and Company Managing Director Jim Amell, CPA, who will lead the webinar with Heather Lewis, CPA, an audit manager with the firm.
“For school district business officials and treasurers, as well as other government agencies required to make staffing cutbacks, we will also discuss the areas that become vulnerable to misappropriation due to these reductions and the risks/benefits that they and their board should consider,” added Amell.
Continuing professional education (CPE) credits are available.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/446097018
After registering you will receive a confirmation email containing information about joining the session.
For more information, please give me a call at 518-785-0134, or email me kpo@marvincpa.com.
Cheers!
Ideal for accountants working at school districts and other local governments, the live session will cover topics ranging from internal control considerations when faced with staffing reductions to best practices.
“This gathering offers a good opportunity to learn the areas which are the current trend for audits performed by the Office of the New York State Comptroller and tips on how to avoid the same findings,” said Marvin and Company Managing Director Jim Amell, CPA, who will lead the webinar with Heather Lewis, CPA, an audit manager with the firm.
“For school district business officials and treasurers, as well as other government agencies required to make staffing cutbacks, we will also discuss the areas that become vulnerable to misappropriation due to these reductions and the risks/benefits that they and their board should consider,” added Amell.
Continuing professional education (CPE) credits are available.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/446097018
After registering you will receive a confirmation email containing information about joining the session.
For more information, please give me a call at 518-785-0134, or email me kpo@marvincpa.com.
Cheers!
Thursday, March 15, 2012
3/21 WEBINAR: COSO INTERNAL CONTROL FRAMEWORK 20 YEARS LATER
For the past two decades, accountants around the globe have relied on the internal control framework of the Committee of Sponsoring Organizations (COSO) to better understand enterprise risk management, its benefits and limitations and to effectively communicate enterprise risk management.
A new exposure draft released in December will update the original framework, making it easier to use and more relevant to today’s business environment.
On Wednesday, March 21 from noon to 1 p.m., we'll host a free webinar tailored to board members on finance or audit committees, chief financial officers, internal auditors, as well as accounting and auditing professionals.
“This session will focus on the proposed changes to the Internal Control Framework which is scheduled for release in the fall of 2012,” said Frank Venezia, CPA, director. “Participants will be introduced to changes that take it from a rules- to a principles-based approach that explicitly identifies the 17 core principles of internal control. We will also cover some of the more common internal control deficiencies we see in our practice, their causes and how to implement cost-effective compensating controls.”
Additionally, for-profit, non-profit and governmental entities will expand their knowledge of internal control concepts that apply to their organizations. More common internal control deficiencies and possible ways to mitigate control deficiencies will also be discussed.
Frank, who will lead the session, has more than 35 years of public accounting experience and has served as the director in charge of audits, management advisory and other services to a number of organizations including not-for-profit organizations and for-profit businesses in a variety of different industries.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/484792258
After registering you will receive a confirmation email containing information about joining the session.
For more information, give me a call at 518-785-0134 or email me kpo@marvincpa.com.
Cheers!
A new exposure draft released in December will update the original framework, making it easier to use and more relevant to today’s business environment.
On Wednesday, March 21 from noon to 1 p.m., we'll host a free webinar tailored to board members on finance or audit committees, chief financial officers, internal auditors, as well as accounting and auditing professionals.
“This session will focus on the proposed changes to the Internal Control Framework which is scheduled for release in the fall of 2012,” said Frank Venezia, CPA, director. “Participants will be introduced to changes that take it from a rules- to a principles-based approach that explicitly identifies the 17 core principles of internal control. We will also cover some of the more common internal control deficiencies we see in our practice, their causes and how to implement cost-effective compensating controls.”
Additionally, for-profit, non-profit and governmental entities will expand their knowledge of internal control concepts that apply to their organizations. More common internal control deficiencies and possible ways to mitigate control deficiencies will also be discussed.
Frank, who will lead the session, has more than 35 years of public accounting experience and has served as the director in charge of audits, management advisory and other services to a number of organizations including not-for-profit organizations and for-profit businesses in a variety of different industries.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/484792258
After registering you will receive a confirmation email containing information about joining the session.
For more information, give me a call at 518-785-0134 or email me kpo@marvincpa.com.
Cheers!
Thursday, March 1, 2012
Survey Reveals Optimism Among Regional Businesses
Just in case you missed it, the Times Union ran a nice piece yesterday showing the results of the the 26th annual Business Climate Survey by Marvin and Co. and the University at Albany School of Business.
Monday, January 23, 2012
Tip for Contributions
With everyone putting their tax information together these days just remember one thing about contributions...
If you are attending a fund raising event and you are lucky enough to win the silent auction and you end up paying $500 for a diamond that is worth $1000 - you DO NOT have a charitable contribution because you paid less than its fair market value. However if you paid $1250 for it you would be able to deduct as a contribution on Schedule A $250 (the difference from what you paid and what the FMV was).
As always consult with your tax professional before making any assumptions!
If you are attending a fund raising event and you are lucky enough to win the silent auction and you end up paying $500 for a diamond that is worth $1000 - you DO NOT have a charitable contribution because you paid less than its fair market value. However if you paid $1250 for it you would be able to deduct as a contribution on Schedule A $250 (the difference from what you paid and what the FMV was).
As always consult with your tax professional before making any assumptions!
Friday, January 20, 2012
1/25 WEBINAR TO FOCUS ON BOARD MEMBER ETHICS
From London’s Baring’s Bank to Enron and WorldCom, lack of attention to ethics can be a corporation’s Achilles’ heel, with the potential for one employee to single-handedly destruct even the most established of companies.
On Wednesday, Jan. 25th from noon to 1 p.m., we'll be hosting a free Webinar for executive directors and non-profit volunteer board members addressing the ethical responsibilities of board members.
“The appearance of impropriety and illegality can be detrimental to non-profit organizations,” said Marvin and Company Managing Director Kevin McCoy, CPA. “Board members must be involved in the governance of an organization to a level that assures improper and illegal acts don’t occur.”
Kevin, who will lead the one-hour presentation, stressed that all board members must understand the mission and culture of the organization and be sure that a code of ethics is enforced throughout the organization.
“The dealings board members have with their organizations should be addressed and conflicts identified,” he said. “This Webinar will focus on all of the above issues, as well as provide tips on addressing ethical issues and dilemmas.”
Kevin, who has more than 25 years experience in tax and financial planning and litigation support, handles clients that represent a variety of businesses and industries. A past president of the Northeast Chapter of the New York State Society of CPAs, he has expertise servicing non-profits, privately held small businesses, professional practices and governments.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/876347842
After registering you will receive a confirmation email containing information about joining the session.
For more information, give me a call at 785-0134 or email me at kpo@marvincpa.com.
Thanks!
On Wednesday, Jan. 25th from noon to 1 p.m., we'll be hosting a free Webinar for executive directors and non-profit volunteer board members addressing the ethical responsibilities of board members.
“The appearance of impropriety and illegality can be detrimental to non-profit organizations,” said Marvin and Company Managing Director Kevin McCoy, CPA. “Board members must be involved in the governance of an organization to a level that assures improper and illegal acts don’t occur.”
Kevin, who will lead the one-hour presentation, stressed that all board members must understand the mission and culture of the organization and be sure that a code of ethics is enforced throughout the organization.
“The dealings board members have with their organizations should be addressed and conflicts identified,” he said. “This Webinar will focus on all of the above issues, as well as provide tips on addressing ethical issues and dilemmas.”
Kevin, who has more than 25 years experience in tax and financial planning and litigation support, handles clients that represent a variety of businesses and industries. A past president of the Northeast Chapter of the New York State Society of CPAs, he has expertise servicing non-profits, privately held small businesses, professional practices and governments.
PC-based attendees are required to have Windows® 7, Vista, XP or a 2003 Server, while Macintosh®-based attendees need Mac OS X 10.5 or newer.
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/876347842
After registering you will receive a confirmation email containing information about joining the session.
For more information, give me a call at 785-0134 or email me at kpo@marvincpa.com.
Thanks!
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