Archives for the ‘Press Releases’ Category

Anna Nicdao, M.S.A., Graduates from California State University San Bernardino

Anna Nicdao, M.S.A.

Anna Nicdao, M.S.A.

San Bernardino, CA June 20, 2015 – Anna Nicdao, M.S.A., Associate with Smith Marion & Co., LLP graduated from California State University San Bernardino, with her Bachelor of Arts in Administration Accounting Concentration and Master of Science in Accountancy.

Peter Wesch, EA, Partner with Smith Marion & Co., LLP says, “Congratulations to Anna on her achievement in graduating with both degrees. She has been a great addition to the firm, and we look forward to her continued contributions to the Smith Marion family.”

Nicdao began her career with Smith Marion & Company in January of 2014 as an intern at the Redlands office. Currently, Anna is preparing for the CPA exam and plans to specialize in individual and corporate tax returns as well as compilations.

The IRS is warning people of many phishing scams

July 13, 2015 – The IRS is warning people of many phishing scams.  One of the most common one we have been hearing about lately has been in the form of aggressive and/or threatening phone calls.  We have been hearing about these phone calls increasingly in recent months.  The IRS also reports that they have seen a surge of these phone scams.  The caller will threaten police arrest, deportation, license revocation and other things and demanding immediate payment for supposed tax liability due requesting credit card information over the phone.

Caren Cranston, CPA, EA, Manager at Smith Marion & Co. says, “The IRS does not contact you over the phone unless you have an ongoing case with an agent. If you receive one of these phone calls do not give out any information.  Simply request the caller send you a notice in the mail then hang up.” 

The IRS is also warning about scams relating to email scams and websites looking to steal personal information.  Per IRS Commissioner John Koskinen: “The IRS won’t send you an email about a bill or refund out of the blue. Do not click on one claiming to be from the IRS that takes you by surprise”.  Additionally the commissioner “urge[s] taxpayers to be wary of clicking on strange emails and websites. They may be scams to steal your personal information.”

Mandatory California Law takes Effect July 1st, 2015

June 23, 2015 — On July 1, employees will begin to accrue paid sick leave under the Healthy Workplaces, Healthy Families Act, also known as the California Paid Sick Leave Law. The new law mandates that employees who work 30 or more days within a year in California be given 1 hour paid sick leave for every 30 hours worked up to 24 hours of paid sick leave annually. Alternately, employees can be provided a lump sum 24 hours paid sick leave annually. The law applies to all sizes of employers and includes part-time and temporary workers.

Employers who already have paid sick leave or PTO policies in place should determine if their current policies meet the requirements of the law. Employers who do not currently offer paid sick leave should determine how they plan to implement the new requirements, including whether they plan to incorporate an accrual or lump sum method for providing the required leave. All employers should ensure that they have the appropriate notice and recordkeeping procedures in place.

What does this mean for you and how can you better understand the law? Niki Matthews, Manager at Smith Marion & Co. has the answers to your questions! Visit smcocpa.com/videos/ to view her webinar as she answers the questions you have about the California Paid Sick Leave Law and how it will affect you.Niki Matthews has been with Smith Marion & Co. since they merged with Streit and Peters in 2012. Previously, she had been with Streit and Peters since 1997. Matthews specializes in bookkeeping services, payroll processing, tax return preparation and QuickBooks support. She provides these services to businesses and non-profits of varying sizes.

ABOUT SMITH MARION & CO., LLP
Smith Marion & Co., LLP was founded in 1983 by William P. Smith and David B. Marion. Over the last several years, the company has experienced tremendous growth. In November 2012, the firm merged with Streit and Peters, CPAs, a California firm. Marion credits their staff of highquality, committed professionals, who have invested in their training, development and growth, to the success of the company. The firm also takes pride in the growth of their client base, which has grown mainly from positive client referrals. The firm is licensed to operate in California, Tennessee, and Kentucky, with practice privileges in Idaho and Utah. The company services clients nationwide.

Smith Marion & Co. Client Workshop

When
Wednesday May 20, 2015 from 9:00 AM to 3:00 PM PDT

Where
San Bernardino Hilton Garden Inn
1755 S. Waterman Avenue
San Bernardino, CA 92408

Contact
Smith Marion & Co,. LLP
909-825-6600
info@smcocpa.com

Topics Include:

OMB Uniform Guidance
HR Hot Topics & ED Perspective
Non-Profit Form 990 News

Take this opportunity to come and hear first hand from our panel of experts.
Get your questions answered by the people who know!

WHAT IS THE KEY TO A STRESS FREE YEAR?
“Understanding what is expected of your organization and who to ask for help”

We have (2) exciting sessions planned for you – (pick 1, 2 or both!)
Don’t Miss Out – Seats are filling up fast!

Session One: (OMB Uniform, HR Hot Topics & ED Perspective): 9:00 a.m. to 11:30 a.m.
Session Two: (Non-Profit Form 990 News): 1:00 p.m. to 3:00 p.m.

$25 for the first person and $5 for each additional person
(Both sessions)
$20 a person for a single session

 

SMCO Client Workshop

May 20th, 2015
8:30 am-4:00 pm

Hilton Gardens Inn
1755 S Waterman Ave
San Bernardino, CA 92408

Session One: OMB Super Circular, HR Specialty, Procedures & Legalities and Executive Directors Perspective on Hiring Outside Accountants
(9:00 a.m. to 12:00 p.m.)

Session Two: Understanding the 990
(1:00 p.m. to 4:00 p.m.)

$25 for both sessions or $20 for single session

Hear from a panel of experts and get your questions answered from people you know!

Smith Marion & Co. associate, Cole Monroe, MA, CPA receives his license as a Certified Public Accountant

March 12, 2015 —Cole Monroe, MA, CPA, Associate with Smith Marion & Co., LLP based in Brentwood, TN receives his CPA license in Tennessee. This title recognizes Cole Monroe’s knowledge and expertise in the field of accounting.

A Certified Public Accountant receives licensing through the state and has the authority to perform audits and attest to the accuracy of a company’s financial information. In order to become a Certified Public Accountant, professionals must pass the four part Uniform CPA Exam and fulfil the state specific requirements for the state they will be licensed in. In Tennessee applicants must have one year of accounting experience, complete 150 semester hours of education, earn a bachelor’s degree and pass the four part Uniform CPA Exam as well as the Professional Ethics for CPA’s exam.

Chad Porter, CPA, CFE, Partner with Smith Marion & Co., LLP says, “I have only worked with Cole a short period of time but, he has already impressed me several times. I knew he was a future CPA when he interviewed with us and had already completed two parts of the exam. Cole is a dedicated, diligent team member. He will make our team stronger with his skill set and work ethic. I look forward to working with him over a long and prosperous career.”

Monroe began his career with Smith Marion & Company in August of 2014. He graduated from Middle Tennessee State University with a Bachelor of Business Administration in Accounting in May 2014 and he earned his Masters of Arts in Economics from MTSU in December 2010. Monroe is an audit associate and primarily focuses on Housing Authorities.

Smith Marion & Co. employee, Laura Maurizi M.S.A., CPA receives her Certified Public Accountant License

December 19, 2014 —Laura Maurizi, M.S.A., CPA, Senior Associate with Smith Marion & Co., LLP in Grand Terrace, CA receives her CPA license. This license gives Maurizi the authority to perform audits and attest to the accuracy of a company’s financial information.

In order to receive licensing as a CPA, professionals must demonstrate their proficiency in the accounting field by passing the four part Uniform CPA Exam. They must also complete the education requirements including earning a bachelor’s degree and 150 semester units in accounting and business related subjects as well as, ethics and accounting study.

David Marion, CPA, Managing Partner with Smith Marion & Co., LLP says, “Congratulations to Laura on obtaining her CPA license. I have had the opportunity to personally work with Laura. She is doing a great job here at SMCo, in taking on new projects and maintaining great client relations. She possesses a high level of maturity, gained no doubt from her prior experience in the retail industry. She has set the bar high for measuring her achievement; I am confident she will continue to meet and exceed those expectations.”

Laura Maurizi, M.S.A., CPA began working with Smith Marion & Co. in November of 2013. She graduated with her Master of Science in Accountancy in March 2013 from California State University San Bernardino. Currently, Maurizi is pursuing specialization in Teachers Associations and enjoys working with voluntary health and welfare nonprofit organizations.

SMCO Employee Douglas Englehart, MSA, CPA is Promoted to Manager

December 11, 2014 — Chad Porter, CPA, CFE, Partner at Smith Marion and Company, announces the promotion of Douglas Englehart, MSA, CPA to Manager. Englehart works in the audit department at the firm’s Tennessee office.

Chad Porter, CPA, CFE, Partner with Smith Marion & Co., LLP says, “Doug continues to exceed firm, client and associates’ expectations on a regular basis. He is always looking for ways to make Smith Marion & Co. a better firm. I know he will succeed as a manager, since he has already been performing at that level without the title.”

Englehart began working with Smith Marion & Company in June of 2012. He graduated magna cum laude in June of 2013 from California State University, San Bernardino, with a Master’s of Science in Accountancy. Englehart specializes in HUD Multi-Family Housing audits in accordance with OMB A-133 and GAGAS requirements.

Smith Marion & Co. Associate Cole Monroe, M.A., passes the CPA exam

November 4, 2014 —Cole Monroe, M.A., Associate with Smith Marion & Co., LLP based in Brentwood, TN passes all four parts of the Certified Public Accountant exam. The purpose of the CPA exam is to ensure that those who pass hold the skills and knowledge required to be licensed as a CPA. Passing the CPA exam recognizes the individual as knowledgeable of the accounting profession and is an advancement towards becoming a licensed CPA.

Douglas Englehart, M.S.A., CPA, Senior Associate with Smith Marion & Co., LLP says, “On behalf of the Smith Marion team, I want to congratulate Cole on a job well done and welcome him to the club. Passing the CPA exam is a major accomplishment that not only demonstrates your competence but, also proves your resolve toward success and dedication to the profession. Way to go Cole!”

Monroe began his career with Smith Marion & Company in August of 2014. He graduated from Middle Tennessee State University with a Bachelor of Business Administration in Accounting in May 2014 and he earned his Masters of Arts in Economics from MTSU in December 2010. Monroe is an audit associate and primarily focuses on Housing Authorities.

David Marion, CPA – Managing Partner at Smith Marion & Co. announces the promotion of Laura Maurizi, M.S.A and Timothy May, CPA

September 26, 2014—David Marion, Managing Partner of Smith Marion and Company, announces the promotion of Laura Maurizi, M.A.S. to Senior Associate and Timothy May, CPA to Manager. Both employees work at the Grand Terrace office in the audit department.
David Marion, CPA – Managing Partner at Smith Marion & Co. says, “Tim is a great addition to our firm leadership, I am proud to work with him. Congratulations! Laura is making great strides in her short time with the firm. She has great technical skills and works very well with our clients. Congratulations!”

Laura Maurizi, M.S.A. began working with Smith Marion & Co. in November of 2013. She graduated with her Master of Science in Accountancy in March 2013 from California State University San Bernardino. Currently, Maurizi is pursuing specialization in Teachers Associations and enjoys working with voluntary health and welfare nonprofit organizations.

Timothy May, CPA began his career with Smith Marion & Company in August of 2011. Timothy graduated from California State University San Bernardino in 2011 with his Bachelors of Science in Business Administration. Timothy specializes in accounting and audit services for nonprofits, governmental agencies, HUD funded organizations, Housing Authorities and Tax Credit Properties as well as, Cost Certifications, Single Audits (A-133) of federally funded organizations and GAAS audits.