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Greg Light, CFA, ASA has been promoted to Principal at Rehmann, a CPA, wealth management and corporate investigation firm. Light is a member of the Firm's litigation support team and provides valuation of ownership interests of closely held businesses for a variety of purposes. These include financial statement reporting, gift and estate tax matters and ownership transition. "Greg's extensive experience in his field combined with his natural leadership abilities contribute greatly to the success of our Firm," said Southeast Region Managing Principal Steve Maltzman...

Tara J. Girard, CPA has been promoted to Principal at Rehmann, a CPA, wealth management and corporate investigation firm. Girard is a member of the Firm’s audit department and specializes in providing assurance services to closely held businesses and other for-profit entities. Girard is also a key firm wide leader in the employee benefit plan assurance practice...

Debbie Krone, CPA, CFP, CDFA has been promoted to Principal at Rehmann, a CPA, wealth management and corporate investigation firm. Krone is part of the tax department and has been providing accounting, taxation and financial planning services since 1993. Southeast Region Managing Principal Steve Maltzman said, "Debbie's technical experience adds a lot to the firm's capabilities and we're thrilled to see her take on an even larger leadership role." Krone is also a Certified Divorce Financial analyst, specializing in financial issues in divorce matters...

Congratulations to Rehmann Senior Manager Kathy Underhill, who has been named as a Five Star Certified Public Accountant by research firm Five Star Professional. Kathy was chosen based on an objective selection process which evaluated her against 10 stringent criteria. The Five Star program is the largest and most widely published financial services award program in North America, covering more than 40 major markets. Kathy has worked in public accounting since 1986 and has experience in federal and state tax compliance, and consulting services for both business and individual clients...

Wednesday, 05 March 2014

Fraud Alert

It has been brought to our attention that a scam has resurfaced. Businesses are receiving letters from "Corporate Records Services" instructing them to pay a fee of $125 for bogus, nonexistent and non-required services. Do NOT pay this fee. The fraudulent letter references reports such as "The 2013 Annual Minutes Form" or "The 2013 Corporate Records Form...

Tuesday, 04 March 2014

Rehmann in the News - March 2014

FoxBusiness.com, February 26, 2014 Kathryn Vasel of FoxBusiness.com includes Mike Robbins, principal at Rehmann, in an article outlining steps to take if you cannot pay taxes in full after filing. Among the advice given, one consideration is to borrow from a 401(k) account, but to do so wisely...

The awards may be over, but the party continues: Rehmann celebrates the Hollywood awards season with its 19th annual Paczki Party. The event is a big draw for area business professionals, with 150-200 attendees joining Rehmann associates for a fun – and, well, potentially fattening – event. Fat Tuesday is Tuesday, March 4. Rehmann's Paczki Party is that morning, from 7:30 am – 9 am at the Sheraton Ann Arbor Hotel...

Monday, 03 March 2014

MDOT FAR Compliance

Architectural and engineering firms are finding that they must have an audited overhead rate in accordance with the Federal Acquisition Regulation (FAR). A variety of factors have contributed to the Michigan Department of Transportation (MDOT) requiring CPA audits of indirect costs, including the economic downturn that reduced development projects and caused more firms to seek work from the government. Additionally, the issuance of the AASHTO Uniform Audit & Accounting Guide in September 2009 resulted in an increased focus on properly calculated and audited FAR overhead rates rather than the use of estimates by architecture or engineering firms and different rates in various states. Effective for all contracts active after July 1, MDOT is now requiring all Michigan engineering consultants that annually receive $500,000 or more in MDOT-related revenue net payments to have a CPA audit of indirect cost rates to ensure compliance with FAR...

Rehmann is proud to announce a new partnership with the Detroit Red Wings that includes exclusive naming rights to the executive suite level at Joe Louis Arena – now known as the Rehmann Suite Level – and on-ice advertising. In addition to the new name, the Rehmann Suite Level – home to 62 premium suites – will receive upgrades that include signage and other material underscoring the financial service firm's commitment to delivering business wisdom throughout its 20 locations. "We're thrilled to partner with the Detroit Red Wings," said Rehmann Chairman and CEO Steven D. Kelly...

Congratulations to Rehmann Principal Larry Slutsky, who has been named as a Five Star Certified Public Accountant by research firm Five Star Professional. Slutsky was chosen based on an objective selection process which evaluated him against 10 stringent criteria. The Five Star program is the largest and most widely published financial services award program in North America, covering more than 40 major markets. Larry has worked in public accounting since 1968 with experience in tax, assurance and healthcare consulting...

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