NewsBreak Original

The wage gap remains as present today as it did in the 1950s, albeit to lesser severity. Women working full time are still paid on average “just 83 cents to every dollar earned by men,” and the numbers are even lower for Black and Latina women. As such, the importance of DEI within Finance and Accounting departments cannot be overstated. Let’s walk through a fewways to implement DEI through various financial operations:

Continuing its commitment to empower the next generation of accounting professionals, CLH, CPAs & Consultants is pleased to announce firm manager Allison Raymond has passed her certified public accountancy exam and is now a licensed CPA in the State of Indiana.

Embezzlement is a serious crime that can have significant consequences for the individual involved, as well as the company they work for. A recent case in Pittsburg, California, highlights this point, as a former accounting manager at a Filipino food company has pleaded no contest to embezzling $1.4 million from her employer.

Mayor Eric Adams addressed the Bronx community in a community OP-ED in the BronxVoice.nyc.blogspot.com. Mayor Eric Adams reassures New Yorkers that he is The Man of the people. Mayor Adams budget is declaration of Purpose and Values. Creating safer, more prosperous and equitable city for all.

REDW LLC, which has offices across Albuquerque, Phoenix, and Oklahoma City, has announced Kerry Prine as its Chief Operating Officer. As COO, Prine will drive performance, change management, resource management accountability, workflow efficiencies, and innovation while continuing to provide an extraordinary professional experience for REDW’s clients and team. This is the first time the firm has had a COO in its 70-year history.

The State of Indiana has modified some of the rules that cover accounting licensure in a move that could bring more people into the field. Advocacy groups are saying the “historic” rule change will reduce some of the barriers to entry and enable more accountants to obtain their licenses.

Are you interested in learning how to reduce taxes as a high-income earner? Some individuals pay an income tax rate at or above 50%, depending on specific state and local taxes.

CLH, CPAs & Consultants is pleased to announce the addition of Kevin Ostafinski as a new Staff Accountant and QuickBooks ProAdvisor in the firm’s growing roster of talented professionals. Ostafinski has a unique background of military service and academic achievement in accounting and will now be serving clients from the firm’s downtown Valparaiso office.

Lisa Human.Photo byCLH, CPAs and Consultants. Lisa Human, CPA, senior manager and QuickBooks ProAdvisor with CLH, CPAs & Consultants, was recently elected to serve as Treasurer for the Duneland Chamber Board of Directors. She was elected at the board’s annual membership meeting this year, after previously serving as an at-large member of the Executive Committee.

The Employee Retention Credit (ERC) was enacted in March 2020. However, since its implementation, the available guidance for taxpayers, particularly nonprofits, has been limited.

Hattie Mitchell, CPA, CFE, CVGA, has been appointed to the Governmental Accounting Standards Advisory Council (GASAC). Mitchell, a Senior Manager and Tribal Consultant in REDW’s National Tribal Practice, and member of the Prairie Band Potawatomi Nation (PBPN), is based in REDW’s Phoenix office and will serve a two-year term with the GASAC.

At the point when Congress' Joint Board on Tax assessment examined the IRS reviews of Donald Trump's charges, a specialist's note on Trump's 2017 filings stuck out.

In a major move, accounting firm Mazars Group has suspended all work for cryptocurrency clients, including big players like Binance and Crypto.com. CNBC shared details about the developing situation, indicating that Mazars Group's decision to suspend work came on the heels of the global accounting firm releasing “proof of reserve” reports for several digital asset exchanges.

Sir Elton John, who recently concluded his "Goodbye Yellow Brick Road" farewell tour at Los Angeles's Dodger Stadium, once tried to sue his accounting firm for $30 million.

Even though Tyler Perry is a billionaire, he is careful with his money and wants to keep his eye on his finances. Recently, he discovered a mistake his accounting staff made on his taxes. Therefore, he fired not the individual who might have made the mistake. Instead, Tyler fired his entire accounting staff for the $9 million mistake.

Northwest Indiana-based CLH, CPAs & Consultants is pleased to announce that one of its senior accountants has been selected to participate in the Indiana CPA Society’s Young Pros Leadership Academy (YPLA). Alexia Perez, Senior Accountant, will be serving a two-year term.

Gretchen Kalk-Castro, a certified public accountant and director with CLH, CPAs & Consultants, recently joined the Indiana CPA Society Leadership Council. The Indiana CPA Society (INCPAS) is a statewide association representing nearly 7,000 CPAs that advocates for the accounting industry through education, ethical standards, and government relations.

When talking about successful companies, people usually tend to highlight their flagship products or business models without taking into consideration all the departments whose hard work set the foundations for these revenue-generating processes.

Denise Kavanagh, a staff accountant with Northwest Indiana-based CLH, CPAs & Consultants, was recently accepted into the Valparaiso Chamber’s Leadership Academy. Kavanagh’s addition to this program complements CLH’s values in several excellent ways. The company is firmly committed to community support and the development of the next generation of accounting industry leaders. Kavanagh’s experiences with the Leadership Academy will align well with these goals.

CLH, CPAs & Consultants is excited to announce the opening of a new office location in La Porte, Indiana. The accounting and business consulting firm is celebrating its 30th anniversary this year, and the new location marks the company’s third office in Northwest Indiana, along with Valparaiso and Michigan City.