A Rising Tide - The Top 5 Finance Challenges from FEI/Protiviti

Posted By: Tom Hood on February 28, 2015 in Leadership / Management&Organizational Development
Finance and accounting teams in corporations face a "rising tide of finance challenges according to the Financial Executives Research Foundation/Protiviti 2015 Finance Priorities Survey. Finance teams are extremely busy and trying to cope with the increasing waves of change and workload coming their way. In the midst of being busier than ever, they are challenged to find time to support the company's strategic growth initiatives and add insights to the operating and financial resuts of the business...

New DLLR Secretary Kelly Schulz seeks “honest conversation” with CPAs

Posted By: Bill Sheridan on February 23, 2015 in Legislative / Regulatory
Any day when you can make a new friend is a good day. CPA Day was a very good day. A record CPA Day turnout of more than 200 MACPA members got a surprise visit from Kelly Schulz, the new secretary of Maryland’s Department of Labor, Licensing and Regulation — the body that oversees the state’s Board of Public Accountancy. Schulz, a former state delegate who represented Frederick and Carroll counties, was appointed DLLR secretary in December by newly elected Gov. Larry Hogan. While...

MACPA testifies in Annapolis on supersedeas (appeal) bond bill

Posted By: Tom Hood on February 20, 2015 in Legislative / Regulatory
This is Week 5 of the 2015 Maryland General Assembly, and we testified in support of appeal (supersedeas) bonds (HB 164) before the House Judiciary Committee. MACPA member Mark Cissell, president and CEO of Maryland CPA firm KatzAbosch (pictured), took time out of his busy schedule to testify on a panel with the Maryland Tort Reform Coalition in support of this important legislation. This bill is important to CPAs and small businesses as it fixes a technicality in Maryland tort law that...

MACPA exec Tom Hood inducted into CPA Practice Advisor Accounting Hall of Fame

Posted By: Bill Sheridan on February 18, 2015 in Leadership / Management
I’m pretty sure Tom Hood (humble as he is) won’t write about this, so I’ll be the one to tell you that the MACPA’s intrepid leader has been inducted into CPA Practice Advisor’s Accounting Hall of Fame. The induction was part of the publication’s annual Thought Leader Symposium in Dallas. “I was surprised to be in the company of people who I look up to as icons in the accounting profession,” Hood told CPA Practice Advisor Managing Editor Isaac...

IRS eases tangible property burden for small businesses

Posted By: Bill Sheridan on February 13, 2015 in Taxation
It might not be a resounding victory for the profession, but it's better than a resounding defeat. For weeks now, tax preparers and their clients have raised their voices with the AICPA, the MACPA, and other state CPA societies in a deafening and unmistakable message to the IRS: Revamp the onerous and confusing tangible property regulations. In Maryland alone, the MACPA’s federal tax listserv has been swamped with messages from CPAs seeking answers to a seemingly unending series of frustrating...