tag:blogger.com,1999:blog-62643520191392656922024-02-07T01:34:23.750-08:00Where is Robin Hood?Satisfying Accounting and Tax Needs for Individuals and Corporations Throughout the United States for over 85 years.Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-6264352019139265692.post-44856913236327225122013-10-08T06:42:00.000-07:002013-10-08T06:42:24.889-07:0010/16 WEBINAR TO ADDRESS IMPACT OF FEDERAL GOV'T SHUTDOWN, AFFORDABLE CARE ACT ON PERSONAL, BUSINESS TAXESTaxpayers can learn about the impact of the federal government shutdown and the Affordable Care Act on personal and business taxes in a complimentary webinar on Wednesday, Oct. 16 from noon to 1 p.m., hosted by Marvin and Company, P.C. <br /><br />Led by my colleagues Tom Donovan, CPA and Dan Litz, CPA, the session will address incentives to encourage business development and growth and provisions of the tax law that are increasing tax obligations for individuals. <br /><br />“As the federal government struggles with budgetary concerns and the implementation of the Affordable Care Act, we’re in a dynamic state as it relates to tax policy, and despite budget pressures, there are some attractive incentives for small business owners,” said Tom. “We will also cover the increased tax obligations that millions of individual tax payers will see in 2013 and 2014.” <br /><br />A director since 1984, Tom has spent more than 35 years advising hundreds of the firm’s clients on a variety of personal and business matters. Dan, who became a director in 2002, has provided taxation and management advisory services to a wide variety of personal and small business clients for more than 30 years. <br /><br />One hour of continuing professional educational units is available for CPAs.<br /><br />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.<br /><br />Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/207948546<br />
<br />After registering you will receive a confirmation email containing information about joining the session.<br /><br />For more information, call 518-785-0134, or email twd@marvincpa.com.<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-76606665657123769082013-09-11T06:48:00.002-07:002013-09-11T06:49:51.019-07:00Financial Accounting Standards Board Update Webinar Slated for 9/18<style>
<!--
/* Font Definitions */
@font-face
{font-family:Arial;
panose-1:2 11 6 4 2 2 2 2 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Palatino;
panose-1:2 0 5 0 0 0 0 0 0 0;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:"Palatino Linotype";
panose-1:2 4 5 2 5 5 5 3 3 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:-536870265 1073741843 0 0 415 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-unhide:no;
mso-style-qformat:yes;
mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";
mso-bidi-font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{mso-style-unhide:no;
mso-style-parent:"";
color:blue;
text-decoration:underline;
text-underline:single;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-noshow:yes;
mso-style-priority:99;
color:purple;
mso-themecolor:followedhyperlink;
text-decoration:underline;
text-underline:single;}
.MsoChpDefault
{mso-style-type:export-only;
mso-default-props:yes;
font-size:10.0pt;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.WordSection1
{page:WordSection1;}
-->
</style>
<br />
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">Accountants, management personnel and other interested parties can
learn the latest information from the Financial Accounting Standards Board
(FASB) in a complimentary webinar titled, “FASB Accounting Update” on
Wednesday, Sept. 18 from noon to 1 p.m. </span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">My colleague, Marty Hull, a </span><span style="font-family: Palatino; mso-bidi-font-family: Palatino;"><span style="font-family: Palatino; mso-bidi-font-family: Palatino;">quality control principal </span>at the firm, will address updates on recent FASB projects,
exposure drafts and issues standards. </span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">“This presentation will highlight where FASB (the designated
organization in the private sector for establishing standards of financial
accounting and reporting) stands on different topics,” said Marty, who has more
than 22 years’ experience planning, supervising and reviewing audit engagements
for clients of various industries and sizes. “Participants will gain a better understanding
of current accounting standards and where they are headed.” </span></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">Marty is responsible for the firm’s compliance with quality control standards and has
been a specialist in areas such as employee benefit plans, stock based
compensation and financial instruments. He has served industries including
financial services, nonprofit, retail and manufacturing. <span style="mso-spacerun: yes;"></span> </span><br />
<br />
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">In
addition to providing audit services, Marty assists several companies with
quarterly and annual financial reporting requirements, initial public offerings,
secondary offerings, mergers and acquisitions and various other reporting
requirements. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">One
hour of continuing professional educational units is available for CPAs.</span><span style="font-family: Palatino;"></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">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.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="color: black; font-family: Palatino;">Space is limited.<span style="mso-spacerun: yes;"> </span>Reserve your seat now by going to: </span><span style="font-family: "Palatino Linotype"; mso-bidi-font-family: Arial;"><a href="https://www2.gotomeeting.com/register/251863730">https://www2.gotomeeting.com/register/251863730</a></span><span style="color: black; font-family: Palatino;"></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">After
registering you will receive a confirmation email containing information about
joining the session.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: black; font-family: Palatino;">For
more information, call 518-785-0134, or email mdh@marvincpa.com.</span></div>
Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com1tag:blogger.com,1999:blog-6264352019139265692.post-24914644529431854732013-07-08T07:23:00.000-07:002013-07-08T07:24:14.952-07:00July Webinar: Keeping Your Retirement Plan in ComplianceAnyone involved with the administration of a qualified retirement plan can learn about correcting common errors in a free webinar we'll be hosting titled, "Keeping Your Retirement Plain in Compliance" on Wednesday, July 17 from noon to 1 p.m. <br />
<br />
Led by my colleagues Alan Clink and Linda Conrad, the session will address widespread errors committed during retirement plan audits and correction methods available.<br />
<br />
"Administering a retirement plan involves a lot of detail and administrators often make mistakes, through oversights or simply not fully understanding the regulations," said Linda, who has more than 15 years' experience in all areas of retirement and benefit plan administration and design. "We're hoping to eliminate those mistakes and increase overall understanding through this webinar."<br />
<br />
One hour of continuing professional educational units is available for CPAs.<br />
<br />
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.<br />
<br />
Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/930602906.<br />
<br />
After registering you will receive a confirmation email containing information about joining the session.<br />
<br />
For more information, call 518-785-0134, or email kek@marvincpa.com.<br />
<br />
Cheers!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-88769261645208508442013-06-13T08:49:00.001-07:002013-06-13T08:49:16.412-07:00Personal Tax Update Webinar Slated for 6/19/13
<style>
<!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Palatino;
panose-1:2 0 5 0 0 0 0 0 0 0;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-unhide:no;
mso-style-qformat:yes;
mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";
mso-bidi-font-family:"Times New Roman";}
.MsoChpDefault
{mso-style-type:export-only;
mso-default-props:yes;
font-size:10.0pt;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.WordSection1
{page:WordSection1;}
-->
</style>
<br />
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">Anyone who files a personal income tax return — especially those at a
higher income level — can learn about changes that will affect their 2013 tax
return in a free webinar I will be giving titled, “Personal Tax Update."<span style="mso-spacerun: yes;"> </span> </span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">During the session, set for Wednesday, June 19 from noon to 1 p.m., I will review
the 2012 tax filing season and explain various income thresholds.<span style="mso-spacerun: yes;"> I'm also going to </span>talk about implications of
the Medicare investment tax, provide updates on law changes and credits that
are no longer allowed or have been reduced, as well as include ideas for
self-employed individuals and issues the IRS has inquired about. </span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">W</span><span style="font-family: Palatino; mso-bidi-font-family: Palatino;"><span style="font-family: Palatino; mso-bidi-font-family: Palatino;">ith all the new taxes and rates coming in 2013, i</span>t’s never too early to start talking about personal income taxes. And, by
discussing these issues with six months to tax season remaining, there is still
time to do something to alleviate your tax burden.</span></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">One
hour of continuing professional educational credit is available for CPAs wishing to participate.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">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.</span></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">Space is
limited.<span style="mso-spacerun: yes;"> </span>Reserve your seat now by visiting
<a href="https://www2.gotomeeting.com/register/207922090"><span style="color: windowtext; text-decoration: none; text-underline: none;">https://www2.gotomeeting.com/register/207922090</span></a>.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">After
registering, you will receive a confirmation email containing information about
joining the session.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">For more information, call me at 518-785-0134, or drop me a note to kpo@marvincpa.com.</span></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">Cheers! </span></div>
Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-53586597808768395882013-05-09T11:10:00.000-07:002013-05-09T11:10:55.843-07:00New Government Accounting Standards Focus of 5/15 WebinarIf you work for a school district or government agency and want to understand the impact of new Government Accounting Standards Board statements, make plans to join our free webinar on Wednesday, May 15 from noon to 1 p.m.<br /><br />The session is titled “Government Accounting Update, Focusing on School Districts” and will be led by Heather Lewis, CPA, audit manager at Marvin and Company and James Amell, CPA, director of operations at Marvin and Company.<br /><br />“This webinar will cover new standards that require implementation in 2013 or 2014, proposed changes to the single audit and other issues that specifically impact school districts and government agencies,” said Heather, who has more than 10 years of experience providing auditing, accounting, tax and consulting services to a variety of governmental entities and not-for-profits. “Participants will learn the effect of these standards on their financial statements and what to consider when preparing for their audits so they can file in a timely manner.”<br /><br />Jim, who has been at the organization since 1981 and has served as a director since 1996, oversees the school district and government service business lines for the firm.<br /><br />One hour of continuing professional educational credit is available for CPAs.<br /><br />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.<br /><br />Space is limited. Reserve your seat now by visiting https://www2.gotomeeting.com/register/958509746.<br /><br />After registering, you will receive a confirmation email containing information about joining the session.<br /><br />For more information, call 518-785-0134 or e-mail hlewis@marvincpa.com or jea@marvincpa.com<br />
<br />
<br />
Cheers!<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-49872298326937168652013-01-15T14:35:00.004-08:002013-01-15T14:35:57.208-08:00Get Your Tax Questions Answered at 1/24 Live Chat! <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Bo6aTXuOKrfTVKKf339HmPHLk0uT5072SP7wvcJPnhZRHHvhy18L2dDyJ1hZtFBU1edSqUgzn7AcNTt6V2z36ycBz2jy95S5a2tAp65nXmE8Tqbi7ZYOqv13wH-seQZsrBx-yFsy1p1n/s1600/NYK6553501_hr%5B1%5D.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><br /></a></div>
If you have tax questions related to the "fiscal cliff legislation," which was signed into law by President Barack Obama on January 2, be sure to ask your questions at this informative online session sponsored by The Record!<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Bo6aTXuOKrfTVKKf339HmPHLk0uT5072SP7wvcJPnhZRHHvhy18L2dDyJ1hZtFBU1edSqUgzn7AcNTt6V2z36ycBz2jy95S5a2tAp65nXmE8Tqbi7ZYOqv13wH-seQZsrBx-yFsy1p1n/s1600/NYK6553501_hr%255B1%255D.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="310" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Bo6aTXuOKrfTVKKf339HmPHLk0uT5072SP7wvcJPnhZRHHvhy18L2dDyJ1hZtFBU1edSqUgzn7AcNTt6V2z36ycBz2jy95S5a2tAp65nXmE8Tqbi7ZYOqv13wH-seQZsrBx-yFsy1p1n/s320/NYK6553501_hr%255B1%255D.jpg" width="320" /></a></div>
<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-91462007960402933792012-11-30T08:51:00.000-08:002012-11-30T08:51:25.086-08:001/10 WORKSHOP TO DISCUSS FISCAL RESPONSIBILITIES OF NON-PROFIT BOARDSOversight 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.<br /><br />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. <br /><br />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. <br /><br />“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.”<br /><br />Among other topics, attendees will learn:<br />
<br />-The board’s specific responsibilities in fiscal management<br />-The purpose and goals of a fiscal management system<br />--Steps a board can take to effectively create accountability and oversight<br />What to look for when reviewing financial reports<br />-How to minimize risk of fraud or financial mismanagement<br />-The board’s interaction with internal and external auditors<br />
<br />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.<br /><br />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.<br /><br />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.Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-64529854090124396402012-10-15T18:09:00.003-07:002012-10-15T18:09:33.201-07:0010/24 WEBINAR: PERSONAL AND BUSINESS TAX UPDATE
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:Palatino;
panose-1:2 0 5 0 0 0 0 0 0 0;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
@font-face
{font-family:"MS Mincho";
mso-font-alt:"MS 明朝";
mso-font-charset:128;
mso-generic-font-family:modern;
mso-font-pitch:fixed;
mso-font-signature:-536870145 1791491579 18 0 131231 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-unhide:no;
mso-style-qformat:yes;
mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";
mso-bidi-font-family:"Times New Roman";}
p.MsoPlainText, li.MsoPlainText, div.MsoPlainText
{mso-style-priority:99;
mso-style-link:"Plain Text Char";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.5pt;
font-family:Courier;
mso-fareast-font-family:"MS Mincho";
mso-bidi-font-family:"Times New Roman";
mso-ansi-language:X-NONE;
mso-fareast-language:X-NONE;}
span.PlainTextChar
{mso-style-name:"Plain Text Char";
mso-style-priority:99;
mso-style-unhide:no;
mso-style-locked:yes;
mso-style-link:"Plain Text";
mso-ansi-font-size:10.5pt;
mso-bidi-font-size:10.5pt;
font-family:Courier;
mso-ascii-font-family:Courier;
mso-fareast-font-family:"MS Mincho";
mso-hansi-font-family:Courier;
mso-ansi-language:X-NONE;
mso-fareast-language:X-NONE;}
.MsoChpDefault
{mso-style-type:export-only;
mso-default-props:yes;
font-size:10.0pt;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.WordSection1
{page:WordSection1;}
-->
</style>
<br />
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">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. </span></div>
<div class="MsoPlainText">
<span lang="X-NONE" style="font-family: Palatino; font-size: 14.0pt;">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.<span style="mso-spacerun: yes;">
</span></span></div>
<div class="MsoPlainText">
<br /></div>
<div class="MsoPlainText">
<span lang="X-NONE" style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">”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.</span><span lang="X-NONE" style="font-family: Palatino; font-size: 14.0pt;"></span></div>
<div class="MsoPlainText">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">For more than three decades, Tom and Dan have
advised </span><span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Verdana;">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.</span><span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;"> </span><span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Verdana;"></span></div>
<div class="MsoNormal">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">One hour of continuing professional educational credit
is available for CPAs.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">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.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">Space
is limited.<span style="mso-spacerun: yes;"> </span>Reserve your seat now at https://www2.gotomeeting.com/register/492044546</span></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">After registering, you will receive a
confirmation email containing information about joining the session.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">For more information, give me a call at 518-785-0134 or email
me at kpo@marvincpa.com.</span></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; font-size: 14.0pt; mso-bidi-font-family: Palatino;">Cheers! </span></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com3tag:blogger.com,1999:blog-6264352019139265692.post-46374218163490081852012-08-31T07:25:00.002-07:002012-08-31T07:25:36.960-07:00VIDEO: 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<a href="https://vimeo.com/48541803"><b>https://vimeo.com/48541803</b></a><br />
<br />
<span class="Apple-style-span" style="font-family: Palatino, sans-serif; font-size: 16px;"></span><br />
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;">On Wednesday, Sept. 19 from 5:30-7:30 p.m., Frank and </span><span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;">Alan Krieger, a former executive director of two non-profits, </span><span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;">will host an interactive workshop titled, “Financial Governance of Non-Profits: A Board Perspective.”<span> </span></span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino;"><br /></span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino;">Held</span><span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;"> at Northeast Parent and Child Society, 530 Franklin Street in Schenectady, the </span><span class="Apple-style-span" style="line-height: 18px;"><span style="font-family: Palatino;">session will focus </span><span style="color: black; font-family: Palatino;">on the fiscal responsibilities of board members/non-profit leaders and </span></span><span class="Apple-style-span" style="font-family: Palatino;">provide easy-to-understand examples and suggestions that can be readily implemented in any organization. </span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;"><br /></span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;">The cost is $15 and you can register by calling Bonnie Brisk at (518) 785-0134 x 169. Space is limited. </span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="font-family: Palatino; line-height: 18px;"><br /></span></div>
<div style="font-family: Palatino, sans-serif;">
<span class="Apple-style-span" style="line-height: 18px;"><span style="color: black; font-family: Palatino;">For more information, call Frank </span><span class="class1" style="font-family: 'Times New Roman';"><span lang="ES" style="font-family: Palatino;">at (518) 785-0134, or email </span></span><span style="font-family: Palatino;"><a href="mailto:fsv@marvincpa.com" style="color: blue; text-decoration: underline;"><span lang="ES">fsv@marvincpa.com</span></a></span><span class="class1" style="font-family: 'Times New Roman';"><span lang="ES" style="font-family: Palatino;"><span> </span></span></span></span></div>
<div>
<span class="Apple-style-span" style="line-height: 18px;"><span class="class1" style="font-family: 'Times New Roman';"><span lang="ES" style="font-family: Palatino;"><span><br /></span></span></span></span></div>
Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-78408575358098165502012-08-21T12:59:00.003-07:002012-08-21T13:01:15.323-07:00FINANCIAL GOVERNANCE OF NON-PROFITS FOCUS OF 9/19 INTERACTIVE WORKSHOP <style>@font-face {
font-family: "Courier New";
}@font-face {
font-family: "Wingdings";
}@font-face {
font-family: "Verdana";
}@font-face {
font-family: "Verdana";
}@font-face {
font-family: "Palatino";
}p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }a:link, span.MsoHyperlink { color: blue; text-decoration: underline; }a:visited, span.MsoHyperlinkFollowed { color: purple; text-decoration: underline; }span.class1 { font-family: "Times New Roman"; }.MsoChpDefault { font-size: 10pt; }div.WordSection1 { page: WordSection1; }ol { margin-bottom: 0in; }ul { margin-bottom: 0in; }</style>
<br />
<div class="MsoNormal">
<span style="font-family: Palatino;">T</span><span style="font-family: Palatino;">he 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.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span style="font-family: Palatino;">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.” </span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span style="color: black; font-family: Palatino;">Held at Northeast
Parent and Child Society, 530 Franklin Street in Schenectady, th</span><span style="font-family: Palatino;">e two-hour session will focus </span><span style="color: black; font-family: Palatino;">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.</span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">“Although b</span><span class="class1"><span style="font-family: Palatino;">oard 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.”</span></span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span style="font-family: Palatino;">Among other
topics, attendees will learn:</span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">The board’s specific responsibilities in fiscal
management </span></span></li>
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">The purpose and goals of a fiscal management system</span></span></li>
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">Steps a board can take to effectively create accountability
and oversight </span></span></li>
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">What to look for when reviewing financial reports</span></span></li>
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">How to minimize risk of fraud or financial
mismanagement</span></span></li>
<li class="MsoNormal"><span class="class1"><span style="font-family: Palatino;">The board’s interaction with internal and external
auditors</span></span></li>
</ul>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">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.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span class="class1"><span style="font-family: Palatino;">Alan
Krieger, a former executive director of two non-profits, </span></span><span style="font-family: Palatino;">will co-present. His company </span><span class="class1"><span style="font-family: Palatino;">provides bookkeeping and financial management consulting
services, training, leadership and organizational development services to
leaders, staff and board members of </span></span><span style="font-family: Palatino;">non-profit agencies across the state.</span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span style="color: black; font-family: Palatino;">For more
information, please call Frank at </span><span class="class1"><span lang="ES" style="font-family: Palatino;">(518) 785-0134, or drop him a line at </span></span><span style="font-family: Palatino;"><a href="mailto:fsv@marvincpa.com"><span lang="ES">fsv@marvincpa.com</span></a></span><span class="class1"><span lang="ES" style="font-family: Palatino;"> </span></span><span class="class1"><span style="color: black; font-family: Palatino;"></span></span></div>
Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-85983446405546901262012-08-13T06:27:00.003-07:002012-08-13T06:27:50.436-07:008/15 WEBINAR TO ADDRESS ESTATE AND GIFT TAX UPDATE<br />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.<br />
<br /> "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.<br /><br />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.<br /><br />One hour of continuing professional educational credit is available for CPAs.<br />
<br />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. <br />
<br />
Reserve your seat now by visiting https://www2.gotomeeting.com/register/731453426<br /><br />
After registering, you will receive a confirmation email containing information about joining the session. <br />
<br />For more information, give me a call at 785-0134 or email me at kpo@marvincpa.com.<br />
<br />
Cheers!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-35428419488691781232012-07-05T14:00:00.000-07:002012-07-05T14:00:32.490-07:007/18 WEBINAR TO ADDRESS RETIREMENT PLANNING OPTIONS FOR SELF-EMPLOYED<style>
<!--
/* Font Definitions */
@font-face
{font-family:Arial;
panose-1:2 11 6 4 2 2 2 2 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:-536859905 -1073711037 9 0 511 0;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:-1593833729 1073750107 16 0 415 0;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:-1593833729 1073750107 16 0 415 0;}
@font-face
{font-family:Palatino;
panose-1:2 0 5 0 0 0 0 0 0 0;
mso-font-charset:0;
mso-generic-font-family:auto;
mso-font-pitch:variable;
mso-font-signature:3 0 0 0 1 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-unhide:no;
mso-style-qformat:yes;
mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
.MsoChpDefault
{mso-style-type:export-only;
mso-default-props:yes;
font-size:10.0pt;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.WordSection1
{page:WordSection1;}
-->
</style>
<br />
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">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 18<sup>th</sup>from noon to 1 p.m. </span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">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.</span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">“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.<span style="mso-spacerun: yes;">
</span>“We will provide an overview of each of the plan’s characteristics,
eligibility requirements, conversion rules and tax features.”</span></div>
<div class="MsoNormal" style="margin-bottom: 16.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">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.<span style="mso-spacerun: yes;">
</span>Donovan, meanwhile, has more than </span><span style="font-family: Palatino; mso-bidi-font-family: Verdana;">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. </span><span style="font-family: Palatino; mso-bidi-font-family: Palatino;"></span></div>
<div class="MsoNormal">
<span style="font-family: Palatino; mso-bidi-font-family: Palatino;">One
hour of continuing professional educational units is available for CPAs.</span><span style="font-family: Palatino;"></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">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.</span><span style="font-family: Palatino; mso-bidi-font-family: Verdana; mso-bidi-language: EN-US;"></span></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="color: black; font-family: Palatino;">Space is limited.<span style="mso-spacerun: yes;"> </span>Reserve your seat now by going to: </span><span style="color: #17366b; font-family: Palatino; mso-bidi-font-family: Palatino;"><a href="https://www2.gotomeeting.com/register/459998874"><span style="color: blue; mso-bidi-font-family: Arial;">https://www2.gotomeeting.com/register/459998874</span></a></span><span style="color: black; font-family: Palatino;"></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: black; font-family: Palatino;">After
registering you will receive a confirmation email containing information about
joining the session.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 14.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: black; font-family: Palatino;">For
more information, call me at 518-785-0134, or email me kpo@marvincpa.com.</span></div>
<div class="MsoNormal" style="line-height: 14pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 14pt;">
<span style="color: black; font-family: Palatino;">Cheers! </span></div>Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-74706131317797806032012-06-12T12:46:00.000-07:002012-06-12T12:46:00.011-07:00SOCIAL SECURITY BASICS ADDRESSED IN 6/20 WEBINARAt 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?<br /><br />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.<br /><br />“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.”<br /><br />One hour of continuing professional educational units is available for CPAs.<br /><br />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.<br />Space is limited. <br />
<br />
Reserve your seat now by going to: https://www2.gotomeeting.com/register/992395770<br />
<br />After registering you will receive a confirmation email containing information about joining the session.<br /><br />For more information, please call me at 518-785-0134, or email me at kpo@marvincpa.com.<br /><br />Cheers!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-51041942386612089142012-05-07T07:06:00.001-07:002012-05-07T07:06:36.059-07:005/16 WEBINAR TO EXAMINE LESSONS LEARNED FROM COMPTROLLER AUDITSOur 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.<br /><br />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. <br /><br />“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.<br /><br />“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.<br /><br />Continuing professional education (CPE) credits are available.<br /><br />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.<br /><br />Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/446097018<br /><br />After registering you will receive a confirmation email containing information about joining the session.<br /><br />For more information, please give me a call at 518-785-0134, or email me kpo@marvincpa.com.<br /><br />Cheers!<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-68240709536135560912012-03-15T12:16:00.002-07:002012-03-15T12:18:58.769-07:003/21 WEBINAR: COSO INTERNAL CONTROL FRAMEWORK 20 YEARS LATERFor 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.<br /><br />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.<br /><br />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.<br /><br />“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.”<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/484792258<br /><br />After registering you will receive a confirmation email containing information about joining the session.<br /><br />For more information, give me a call at 518-785-0134 or email me kpo@marvincpa.com.<br /><br />Cheers!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-81275473701238561952012-03-01T12:20:00.001-08:002012-03-01T12:21:59.310-08:00Survey Reveals Optimism Among Regional BusinessesJust 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 <a href="http://www.timesunion.com/?controllerName=search&action=search&channel=business&search=1&inlineLink=1&query=%22Albany+School+of+Business%22">Albany School of Business</a>.<div style="overflow: hidden; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); text-align: left; text-decoration: none; border: medium none;"><br />Read more: <a style="color: #003399;" href="http://www.timesunion.com/business/article/Area-firms-expect-growth-3368524.php#ixzz1ntm1bD9W">http://www.timesunion.com/business/article/Area-firms-expect-growth-3368524.php#ixzz1ntm1bD9W</a><br /></div>Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-22010773885265586312012-01-23T07:09:00.001-08:002012-01-23T07:15:41.633-08:00Tip for ContributionsWith everyone putting their tax information together these days just remember one thing about contributions...<br /><br />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).<br /><br />As always consult with your tax professional before making any assumptions!Kevin O, CPAhttp://www.blogger.com/profile/10235745245927087054noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-43288991255411787942012-01-20T13:31:00.000-08:002012-01-20T13:37:15.911-08:001/25 WEBINAR TO FOCUS ON BOARD MEMBER ETHICSFrom 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.<br /><br />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.<br /><br />“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.”<br /><br />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.<br /><br />“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.”<br /><br />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.<br /><br />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.<br /><br />Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/876347842<br /><br />After registering you will receive a confirmation email containing information about joining the session.<br /><br />For more information, give me a call at 785-0134 or email me at kpo@marvincpa.com.<br /><br />Thanks!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-74915405888671325702011-12-15T10:02:00.000-08:002011-12-15T10:10:44.533-08:0012/21 Accounting and Auditing Update WebinarIf you’re looking for an overview of recent developments in accounting and auditing practices, be sure to register for our free webinar on Wednesday, Dec. 21st from noon to 1 p.m.<br /> <br />The session will cover audit and accounting standards in effect for the first time during 2011, review changes and updates to existing standards, as well as provide information on anticipated tax changes. One hour of Continuing Professional Education Credit is available.<br /> <br />“This webinar will leave participants better equipped to communicate with their accounting professionals and determine if they, or their organization, require additional assistance in any of the areas covered,” Karl Newton, CPA, my colleague who will lead the presentation.<br /> <br />Karl, who has been with the firm since 1999, oversees audits for not-for-profit agencies and single audit filings in accordance with the Office of Management and Budget Circular A-133. He has worked with a variety of not-for-profits, including rehabilitation centers, substance abuse centers, membership organizations, foundations and day care centers.<br /> <br />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.<br /> <br />Space is limited. Reserve your seat now by going to: http://www2.gotomeeting.com/register/513899818 <br /><br />After registering you will receive a confirmation email containing information about joining the session.<br /> <br />For more information, call 518-785-0134 or shoot me an email kpo@marvincpa.com.Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-87795059585164726172011-12-15T06:37:00.000-08:002011-12-15T06:39:17.501-08:00Another Great Article by the Journal of Accountancy<em>Very interesting for all of those of you on non-profit boards and such:</em><br /><br /><br />AICPA Letter to PCAOB Raises Concerns About Mandatory Audit Firm Rotation<br /><br />December 14, 2011<br />The AICPA recommended that the PCAOB refrain from imposing mandatory audit firm rotation.<br />AICPA Chairman Greg Anton, and President and CEO Barry Melancon signed a <a href="http://media.journalofaccountancy.com/JOA/Issues/2011/12/AICPA_Letter_PCAOB_Concept_Release_MFR.pdf" target="_blank">comment letter</a> sent by email Wednesday to the PCAOB stating that mandatory audit firm rotation is costly and has the potential to hinder audit quality rather than enhancing it.<br />In August, the PCAOB issued a <a href="http://pcaobus.org/Rules/Rulemaking/Docket037/Release_2011-006.pdf" target="_blank">concept release</a> on auditor independence and audit firm rotation seeking comment. The release noted that proponents of rotation contend term limits could decrease client pressure on auditors and create opportunity for a fresh look at a company’s financial reporting.<br />The AICPA letter supported the PCAOB’s goals for enhancing auditor independence and objectivity, and professional skepticism. But the Institute said the PCAOB should not impose mandatory audit firm rotation without evidence linking audit firm tenure to audit failures detailed in PCAOB inspection findings.<br />Even if such a link is indicated through further study, the AICPA would like the PCAOB to carefully weigh the costs associated with mandatory firm rotation and consider other potential enhancements that would be less costly and disruptive.<br />The AICPA cited research indicating that mandatory firm rotation may hurt audit quality and that audit quality increases with audit firm tenure. The letter also said:<br />Audit firm rotation may limit institutional knowledge and industry specialization, which the AICPA said increases during audit firms’ relationship with a company and is crucial to a high-quality audit.<br />Mandatory firm rotation may unintentionally undermine the role of the audit committee by preventing the committee from selecting and retaining the most qualified audit firm to perform a company’s audit.<br />Existing partner rotation requirements provide the necessary “fresh look” to ensure auditors’ objectivity.<br />The PCAOB’s release is part of the reason audit firm rotation has become a big issue in recent months. Last month, the <a href="http://www.journalofaccountancy.com/Web/20114836.htm">European Commission proposed</a> limiting to six years the period in which an outside audit firm can perform audits for public companies. Companies that opt for voluntary joint audits would be allowed a nine-year window; a four-year cooling-off period was proposed.<br />At last week’s AICPA National Conference on Current SEC and PCAOB Developments, Anton said research indicates that mandatory audit firm rotation has the unintended consequence of increasing the propensity for fraud.<br />“We caution the EU member states and the European Parliament—as well as the PCAOB—to carefully consider the consequences of such proposals and focus on proven solutions to enhanced transparency, increased objectivity and improved audit quality,” Anton said on Dec. 5.<br />Wednesday was the final day of the comment period. In March, the PCAOB will hold a public round table on auditor independence and mandatory audit firm rotation.Kevin O, CPAhttp://www.blogger.com/profile/10235745245927087054noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-28723184969157841442011-12-12T07:06:00.000-08:002011-12-12T07:07:35.888-08:00Mileage rate for 2012 updated!<p>This article is from the Journal of Accountancy:</p><br /><p><br />The IRS on Friday released standard mileage rates for use in 2012 (<a href="http://www.irs.gov/pub/irs-drop/n-12-01.pdf" target="_blank">Notice 2012-1</a>). Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.</p><br /><p><br />For business use of an automobile remains at 55½ cents per mile. For medical or moving expenses, it is 23 cents per mile (a half-cent decrease from the second half of 2011). For services to charitable organizations, the rate (which is set by statute) is 14 cents per mile.<br />Rather than using the standard mileage rates, taxpayers may instead use their actual costs if they maintain adequate records and can substantiate their expenses. The rules for substantiating these amounts appear in Rev. <span id="SPELLING_ERROR_0" class="blsp-spelling-error">Proc</span>. 2010-51.<br />For automobiles a taxpayer uses for business purposes, the portion of the business standard mileage rate treated as depreciation is 23 cents per mile for 2012 (it was 22 cents per mile for 2011).</p>Kevin O, CPAhttp://www.blogger.com/profile/10235745245927087054noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-26412021319313819872011-10-14T09:29:00.000-07:002011-10-14T09:33:57.698-07:0010/19 WEBINAR: WHAT'S IN YOUR ESTATE PLAN? (AND IS IT STILL WORKING FOR YOU?)For most Americans, estate planning is something that they'd rather put off for another day. After all, deciding how they want their assets distributed is a stark reminder of their mortality. <br /> <br />However, there are numerous reasons why each of us should tackle this task with at least some eagerness. This includes naming the people to whom we wish to give our assets, ensuring that the government receives only its fair share, gaining the satisfaction of having our financial house in order, and knowing that we're not burdening our loved ones with an administrative nightmare.<br /> <br />On Wednesday, Oct. 19 from noon to 1 p.m., we'll be hosting a free, informative Webinar entitled "What's In Your Estate Plan? (And Is It Still Working For You?)." Led by my colleague, Christopher L. Cimijotti, CPA, manager, the session will focus on the basics of an estate plan, as well as how it needs to be reviewed and revised periodically in order to be effective.<br /> <br />Participants will learn how to take stock of their assets, including investments, retirement accounts, insurance policies, real estate and any business interests. Chris, who has has provided personal, estate and trust planning and business taxation services to an array of clients for more than 25 years, will also discuss what they want to achieve with those assets and who they wish to inherit them, as well as changes brought about by the late 2010 legislation.<br /><br />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.<br /> <br />Space is limited. Reserve your seat now by going to: https://www2.gotomeeting.com/register/932654882<br /> <br />After registering you will receive a confirmation email containing information about joining the session.<br /> <br />For more information, call (518) 785-0134, or drop me a note at kpo@marvincpa.com.<br /><br />Cheers!Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-75652624480677353082011-09-02T09:32:00.000-07:002011-09-02T09:43:40.173-07:00Tax Implications of Marriage Equality Act (TV Interview)In my last post I outlined some of the key changes brought about by the recent passage of New York's Marriage Equality Act. To provide you with even more information about this sweeping measure, here's a TV interview featuring Kevin McCoy, CPA, managing partner and myself at TV-17 in Colonie -- http://vimeo.com/28509226 Richard Naylor is the host. I hope you find it helpful!
<br />
<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-76731916043201422452011-08-24T12:41:00.000-07:002011-08-24T12:47:25.621-07:00New Marriage Equality Act Raises Important Tax ConcernsIt has been just over a month now since New York became the sixth state in the nation to allow same-sex couples to head to the altar to take their wedding vows.
<br />
<br />The trailblazing Marriage Equality Act, which took effect on July 24, 2011, grants same sex couples the same legal rights as heterosexual couples and applies to all legally performed marriages regardless of where the ceremony took place.
<br />
<br />With the passage of the bill, which applies to all taxes administered by the New York State Department of Taxation and Finance, are a host of tax-related considerations ranging from personal income tax to estate planning that need to be addressed in 2011 and 2012 by those couples entering into marriage.
<br />
<br />The following questions and answers help shed light on key changes brought about by the new measure:
<br />
<br /><span style="font-weight:bold;">1. How do same-sex couples file their Federal and NYS tax returns? </span>
<br />
<br />For same-sex couples married before December 31, 2011, the 2011 tax returns filing status for NYS tax returns will be either Married Filing Joint or Married Filing Separate. Since the Federal government does not recognize same-sex marriages, the filing status for both individuals would be either Single or Head of Household, if qualified.
<br />
<br /><span style="font-weight:bold;">2. What is the added costs of the filing methods that are now required?</span>
<br />
<br />To complete the required New York return(s), a married same-sex couple must re-compute their Federal income tax return(s) using a married filing status, applying all the Federal rules for married taxpayers. That return should not be submitted to the IRS. The return(s) should only be used to complete your New York return(s) and kept it with your tax documents. Therefore, the cost of preparing at least one extra return will be incurred.
<br />
<br />It’s a good idea that couples prepare their NYS tax returns using both statuses to determine which method gives them the best benefit.
<br />
<br /><span style="font-weight:bold;">3. I understand that some of the benefits available to heterosexual couples are available to same-sex couples such as domestic partner health insurance coverage. How does this change impact the tax circumstances of married same-sex couples? </span>
<br />
<br />The cost incurred by an employer providing health insurance to married or unmarried same-sex couples is taxable to the employee for Federal purposes and is included in the employee’s Form W-2. For married same-sex couples, that cost will not be taxable for NYS purposes and will need to be adjusted on the NYS income tax return filing of the employee.
<br />
<br /><span style="font-weight:bold;">4. When someone dies there can be Estate Tax issues to deal with. Are there any changes to that part of the law that impact married same-sex couples?</span>
<br />
<br />For New York State Estate Tax purposes, a surviving same-sex spouse will be allowed all the same deductions and elections allowed for different-sex spouses whether or not a Federal Estate Tax Return Form 706 is filed for the decedent. This allows a same-sex spouse decedent to pass an unlimited amount of assets to his/her surviving spouse free of NYS estate taxes if the estate elects the unlimited marital deduction provision.
<br />
<br />All married same-sex couples should consult with their attorney to prepare an appropriate will and related documents.
<br />
<br /><span style="font-weight:bold;">5. Is there anything that same-sex couples need to do now to prepare for the impacts on their 2011 tax filings?</span>
<br />
<br />Because of some of the changes mentioned earlier, an employee should consider revising his/her NYS withholding information with their employer to reflect the new filing status, dependency exemptions and income or deduction changes.
<br />
<br />You may want to file a new Form IT-2104, Employee’s Withholding Allowances Certificate, with your employer because you’ll file a New York return using a married status beginning in tax year 2011. It’s a good idea to provide proof to your employer that you’re legally married to have them change the withholding of New York taxes.
<br />
<br />If you make estimated tax payments, you should re-compute your estimate based on a married filing status.
<br />
<br />As mentioned earlier, for personal income tax purposes, the Act is effective for tax years ending on or after July 24, 2011. Same-sex married couples who are married as of December 31, 2011, will be considered married for the entire year. They must file their returns using a married filing status starting in tax year 2011. The Act is not retroactive. Therefore, a same-sex married couple who was legally married in another state prior to July 24, 2011, is not married for New York tax purposes until July 24, 2011, and may not use a married filing status prior to tax year 2011.
<br />Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com0tag:blogger.com,1999:blog-6264352019139265692.post-65727462542520310982011-08-03T13:40:00.000-07:002011-08-03T13:48:37.781-07:00TAX AUDIT UPDATE WEBINAR SET FOR 8/17<style>@font-face { font-family: "Times New Roman"; }@font-face { font-family: "Arial"; }@font-face { font-family: "Courier New"; }@font-face { font-family: "Wingdings"; }@font-face { font-family: "Verdana"; }@font-face { font-family: "Tahoma"; }@font-face { font-family: "Palatino"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }table.MsoNormalTable { font-size: 10pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; }ol { margin-bottom: 0in; }ul { margin-bottom: 0in; }</style> <p class="MsoNormal"><span style="font-family:Palatino;">Mounting pressure on annual budgets has caused many tax authorities to rethink what they’re auditing and how they’re conducting those audits.<span style=""> </span>These changes have resulted in headaches for business and individual taxpayers alike.</span></p><p class="MsoNormal"><span style="font-family:Palatino;"><br /></span></p> <p class="MsoNormal"><span style="font-family:Palatino;"> </span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" >On Wednesday, August 17 from noon to 1 p.m., my colleague, </span><span style=";font-family:Palatino;color:black;" >Tom Donovan, CPA, will host a free, informative Webinar designed to shed light on </span><span style="font-family:Palatino;">the <span style="color:black;">latest changes in </span>tax audits, as well as income and sales tax matters. The session qualifies for CPE credit.</span></p><p class="MsoNormal"><span style="font-family:Palatino;"><br /></span></p> <p class="MsoNormal"><span style="font-family:Palatino;"> </span></p> <p class="MsoNormal"><span style="font-family:Palatino;">“Tax audits come in a variety of sizes and colors,” said Tom, who <span style="color: rgb(43, 30, 16);">represents many of our clients undergoing State or Federal tax audits</span>. “This interactive Webinar will allow participants to ask questions and get answers to some of the things that may be keeping them up at night.”</span></p><p class="MsoNormal"><span style="font-family:Palatino;"><br /></span></p> <p class="MsoNormal"><span style="font-family:Palatino;"> </span></p> <p class="MsoNormal"><span style="font-family:Palatino;">Some of the types of questions he plans to discuss include:</span></p><p class="MsoNormal"><span style="font-family:Palatino;"><br /></span></p> <p class="MsoNormal"><span style="font-family:Palatino;"> </span></p> <ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style=""><span style="font-family:Palatino;">What can we do to be better prepared in case one of those “letters” arrives in the mail?</span></li><li class="MsoNormal" style=""><span style="font-family:Palatino;">I live and work in New York and travel to Georgia and California on a regular basis to meet with some customers. To which states do I owe income tax?</span></li><li class="MsoNormal" style=""><span style="font-family:Palatino;">What’s the statute of limitations for both me and my tax return?</span></li><li class="MsoNormal" style=""><span style="font-family:Palatino;">My neighbor did not pay sales tax when he put that new roof on his house, but Lowes charged me sales tax when I bought shingles for my house! What’s up with that?</span></li><li class="MsoNormal" style=""><span style="font-family:Palatino;">It seems that we’re being audited for something every year. Are we being targeted or singled out?</span></li></ul> <p class="MsoNormal"><span style="font-family:Arial;"> </span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" ><br /></span></p><p class="MsoNormal"><span style=";font-family:Palatino;color:black;" >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.</span></p><p class="MsoNormal"><span style=";font-family:Palatino;color:black;" ><br /></span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" > </span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" >Space is limited, so reserve your seat now by going to: https://www2.gotomeeting.com/register/492862154</span></p><p class="MsoNormal"><span style=";font-family:Palatino;color:black;" ><br /></span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" > </span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" >After registering you'll receive a confirmation email containing information about joining the session.</span></p><p class="MsoNormal"><span style=";font-family:Palatino;color:black;" ><br /></span></p> <p class="MsoNormal"><span style=";font-family:Palatino;color:black;" > </span></p> <p class="MsoNormal" style="line-height: 14pt;"><span style=";font-family:Palatino;color:black;" >For more information, drop me a line at kpo@marvincpa.com.<br /></span></p>Edward Parhamhttp://www.blogger.com/profile/04810382561060351820noreply@blogger.com1