ARM ATTENDS BKR’s 2016 CONFERENCE IN TORONTO

May 2016, New York – Eric Mulchaey and William Vasil of Ary Roepcke Mulchaey, P.C. (“ARM”) were among the 175 accounting firm members attending BKR International’s Americas Regional Meeting in Toronto, May 20-24.  ARM is a member of BKR International, a Top 5 leading global association of independent accounting and business advisory firms. For more than 25 years, BKR has connected members and their clients with global experts and resources.

Keynote speaker Jennifer Wilson, of ConvergenceCoaching, discussed innovative strategies on developing an inspired and motivated team of professionals, while Wendy Nemitz, co-founder of Ingenuity Marketing Group, presented techniques for identifying, qualifying and keeping the best clients.  Both consultants agreed that having the right clients goes hand-in-hand with keeping the right talent.

“Since people will always be the lifeblood of every organization, our Americas Regional Conference featured panels and experts sharing ideas on innovative ways to recruit, train, and retain the best staff,” said David Goldner, Chairman of BKR’s American Region and managing partner of Gross, Mendelsohn & Associates, in Baltimore.  “We also learned how a firm’s clients can have a significant impact on our ability to retain people.  We must ask ourselves, ‘Are we adding these clients because they fit with our firm based on a clear strategy, or is the decision purely a financial one?’ It’s an important question to ask, especially for firms having trouble retaining staff.”

Other topics included professional updates by officers of both the American Institute of CPAs and CPA Canada, as well as technical and technology updates to keep members on the cutting edge of key legislative developments and technology trends.

Consultant Carl George, of Carl George Advisory, analyzed the results of BKR’s annual management report – its 2016 Member Firm Analysis –  one of the industry’s most comprehensive surveys of accounting firms and available only to BKR members.  The Analysis covers a wide variety of management, profitability, and innovative information and benchmarking statistics that BKR members can use to implement and improve strategies in their own firm.

“Collaboration at BKR meetings has always been our greatest strength,” said BKR Executive Director Maureen Schwartz. “Our members genuinely care about one another other and are always happy to help each other.  And, BKR’s policy of allowing only one member firm in each principal city or market area has clearly demonstrated our commitment to insure that our members share information and ideas with their peers, not their competitors.”

Eric Mulchaey said, “Our firm leaders always come back from BKR conferences with new ideas on how to help our clients and grow our firm, from new tax planning ideas and resources to help us better understand our clients’ businesses, to consultants who can pull it all together so that we can hit the ground running instead of trying to recreate the wheel from scratch.  Content covers technical and management issues, as well as leadership development and staffing trends to keep our profession strong.  But, at the end of the day it is up to us to go back to our firms and actually implement these new ideas and strategies.  Collaboration and innovation in themselves are only a small part of the equation – they must be followed up by execution for the firm to move forward and be successful.”

About ARM

Ary Roepcke Mulchaey makes it a point to know your markets, capabilities and expectations so that we can anticipate and respond to your rapidly changing business needs. We have the experience, resources and knowledge to build on your organization’s assets while ensuring that your values and vision drive the process.

Responsive, resourceful and practical, we are always looking out for your interests and providing proactive advice, often ahead of market trends. We measure our success by one essential benchmark – client satisfaction. We pride ourselves on the number of long-term relationships we have with our clients, many of whom have been with our firm since our founding in 1979.

About BKR

BKR International is one of the Top 5 leading global associations of independent accounting and business advisory firms, representing the expertise of more than 160 independent accounting and business advisory firms in over 500 offices and 80 countries. For more information, visit: www.bkr.com.

 

DOL Overtime Rules

On May 19, 2016, after being introduced almost a year ago, President Obama announced the publication of the Department of Labor’s (DOL) new overtime rules under the Fair Labor Standards Act, which will be effective starting December 1, 2016. These new regulations are expected to extend overtime pay protections to over four million workers during the first year of implementation, which in turn is expected to cost employers over one billion per year in increased wages. Fundamental modifications include the exempt salary increasing to $47,476, which is over double the previous threshold of $23,660. This ceiling is now set to be updated routinely every three years, beginning on January 1, 2020.

The Office of Management and Budget has examined and approved the new rules, however the document has not been published in the Federal Register as of yet. These revisions do not require Congressional approval, but the Republican majorities in the House and Senate have been encouraged by 17 state CPA societies, including The Ohio Society of CPAs to take action to alleviate the outcome. The state CPA societies have united with the Partnership to Protect Workplace Opportunity to resist and dispute the efforts of the DOL. The goal of these groups is to induce Congress into considering the substantial impact and negative effects the new regulations would have if they are put into action.

Due to the new rules not becoming effective for another six months, employers should have enough time to prepare and plan how the impact will effect staffing and budgets. To read more about the new rules, please use this link here.

Top Accounting Firm

AdvisoryHQ recently compiled a list of the top nine accounting firms in Columbus and we are happy to see that we made the list!  You can view the article by AdvisoryHQ by clicking here.

Below is an article excerpt relating to our firm:

Key Factors That Enabled This Firm to Rank as a Top 2016 Accounting Firm

Below are key factors that enabled Ary Roepcke Mulchaey to rank as one of 2016’s top CPA firms in Columbus, OH.

Personalized and Responsive Services

Professionals at Ary Roepcke Mulchaey work to get to know your market so that they can anticipate your needs and provide the best services possible. The firm strives to maximize your bottom line while respecting your expectations, values, and vision.

Services are proactive and often ahead of market trends. Staff members are responsive, resourceful, and practical and always measure success by the most important factor: client satisfaction.

This office has an internal policy to respond to client inquiries within a 24-hour period. In addition, it keeps in touch with clients year round, ensuring the highest level of attention and customer service.

This proactive and client-centered approach has fostered many long-term business relationships. In fact, many clients have worked with Ary Roepcke Mulchaey since its inception.

Qualified Team

This firm boasts 16 accounting professionals and support staff members. Its qualified Columbus, Ohio accountants have experience working within the “Big Four” accounting firms.

Each staff member brings a unique set of specializations to the table, creating a deep well of knowledge and experience available for clients to benefit from.

Tax Professionals

CPAs at this firm get to know clients personally so that services move beyond simple preparation and filing of taxes. Clients also receive personal time, attention, and expertise of qualified CPAs and firm senior partners.

This dedicated team of Columbus accountants has experience working with a variety of clients, including small, medium, and large private businesses as well as public companies.

Thank you AdvisoryHQ for considering us in your list of top accounting firms in Columbus, OH!