Posts Tagged ‘snyder & jacobs’

Conversation Starters – How Clothespins Helped a Room Full of Influencers Break the Ice at our CES Gathering

Each time we plan an executive event, we face the challenge of how our guests will get to know each minipinsother. Tony, Brian and I like to shy away from traditional name tags, so we are always searching for fresh ideas that will initiate conversations between strangers. For this year’s CES Gathering, the stars aligned. We ALL came up with a similar concept that kept our guests guessing and we are thrilled to say it worked wonderfully!

We secretly identified each guest based on the number of times they have attended our CES event. There were three categories: those who’ve attended every CES event (six in all), those who’ve attended more than one, and newbies.

Now, we had to find “identifiers” that would work for our event. After a quick trip to the crafts store, we purchased mini clothespins in three colors. They were small enough so as not to be obtrusive, and they really got the conversations going. Most of our guests figured out the green pins (newbies), but the blue and white pins stumped them.

Upon arrival, each guest received a pin and were told only that they had something in common with others wearing the same color pin, and it was up to them to figure out what.

It was a fun way for our guests to mingle and very well-received! We will definitely be playing this game again.

New Business Tax Provisions Under the Affordable Care Act

At RSJ, we pride ourselves on staying on top of newly implemented regulations and requirements. As part of its primary purpose to facilitate healthcare reform, the Affordable Care Act (ACA) includes key tax provisions that affect businesses, and so we felt it is important to share the following reminders with our clients and colleagues.

While many businesses and employers waited to fully implement these provisions until the Supreme Court determined the fate of the health care reform law, the time has come for businesses to prepare to comply with the rules under ACA. Below are some reminders of the tax provisions relating to businesses. Note that the starting date of the reporting requirements, as well as the employer mandate itself, was pushed back from January 1, 2014, to January 1, 2015.

Shared responsibility payment imposed on certain larger employers

For purposes of the employer shared responsibility payment and reporting requirement, an applicable large employer is an employer that on average employed 100 or more full-time equivalent employees for 2015 and 50 for 2016. The employer mandate specifies that an assessable payment will be imposed on an applicable large employer that:

1. Fails to offer to its full-time employees (and their dependents) the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan; and
2. The employer-sponsored plan is unaffordable relative to an employee’s household income

New reporting requirements

The Affordable Care Act also requires applicable large employers to file information returns with the IRS and provide statements to their full-time employees about the health insurance coverage the employee offered. In general, each applicable large employer may satisfy the information reporting requirement by filing Forms 1094-C and 1095-C beginning in 2016 to report information about its offers of health coverage to its full-time employees for calendar year 2015.

Health reimbursement arrangements (HRAs)

The IRS has provided guidance on the effect the provisions of the ACA have on health reimbursement arrangements where employers reimburse employees for some or all premium expenses incurred. In general, account-based health reimbursement plans that cover more than one employee are considered “group health plans” and are subject to requirements of the ACA. The penalty for maintaining a non-qualifying health reimbursement arrangement is $100 per day. Health reimbursement transition relief is available for small employers (less than 50 full- time equivalent employees) and provides that no penalty will be assessed through June 30, 2015. It is not certain whether the IRS will extend this date to allow additional time for compliance. We recommend addressing any issues as soon as possible.

Employers who wish to help their employees purchase health insurance can either:

1. Establish an ACA- compliant plan; or
2. Increase taxable salaries to help employees purchase individual coverage

Small employer health insurance credit

An enhanced version of the small-employer healthcare credit took effect as of January 1, 2014. A small employer may be eligible for a business credit of up to 50% of premium amounts paid as long as:

1. It has 25 or fewer full-time equivalent employees
2. The average annual wages of these employees are between $25,000-$50,000
3. Coverage is purchased from the SHOP exchange (this is the small business section of the “ObamaCare” health insurance exchange)

Note that excluded employees are sole proprietors, partners in partnerships, shareholders owning more than 2% of an S corporation, and family members of these owners and partners.

We can help

The majority of businesses fall below the threshold that makes them subject to the Employer Shared Responsibility provisions. However, for some, 2015 is a significant year in the implementation of the Affordable Care Act. If you have additional questions related to identifying full-time employees, whether or not you are eligible for a credit, or any other details, please call our office at (818) 461-0600. We will happily assist you.

Tony Rose Featured in San Fernando Valley Business Journal’s Accounting Issue

We are thrilled to share that Founding Partner, Tony A. Rose is featured in the current issue of the San Fernando Valley Business Journal as part of the publications special report on Accounting.

05-18-15 TonyRoseSFVBJ

 

Say Hello to the Elephants Quadrant Two: Solutions

RSJ founding partner tony rose

This article by Tony A. Rose first appeared in the Fall 2014 issue of Business World magazine, a publication by Russell Bedford11057214-rbnewlogobkeyrc International.

We all have elephants – problems, needs or truths that we ignore even though we must face up to them. Often our elephants may be of a professional nature. We may also have personal elephants. In Say Hello to the Elephants I offer a way to confront issues, along with tools to address problems, achieve clarity, and make decisions. I call this Quadrant Thinking. In this, the second of four articles, I present an overview of Quadrant Two: Solutions.

Solutions

In Quadrant One we looked at reaching clarity and how that makes everyday problems manageable. Having achieved clarity and defined your goals you know where you want to go. In Quadrant Two we will look at how you get there: your solutions.

Above all, your solutions must be SMART:

• Specific
• Measurable
• Actionable
• Relevant
• Time-bound

Obstacles are stepping stones that narrow the solution

When people talk about goals they cannot achieve, they usually name a list of obstacles.

By changing your perspective you will begin to see that most obstacles are milestones that represent achievement. If you plan to eliminate obstacles you move one step closer to your goal. In this context, obstacles are not barriers but welcome milestones.

Sausage is subjective

You cannot make a blanket statement such as, ‘I love sausage’. Sausages come in all flavours; depending on individual taste nobody can unequivocally love sausage. This is also true of solutions. Your solutions must suit your tastes. What tastes good to another may not taste good to you.

When you consider solutions to complicated problems with your advisers, be sure to question the solutions and ensure they are the right fit for you. If you understand a solution you will be able to answer these questions:

• What is it?
• How is it applicable?
• Why does it work?
• What can go wrong?
• Who must be involved?
• How much does it cost to implement?
• How much does it cost to sustain?
• What must be done to sustain it?

And make sure your advisers offer multiple solutions because sausage is subjective.

The artichoke theory

When you work towards achieving a certain goal, remember to keep it simple. You should always break the steps down into small, achievable milestones.

The smaller the steps the simpler things get, and the more likely you are to achieve a favourable outcome. I call this the Artichoke Theory. In other words, you should eat an elephant the same way you eat an artichoke: one leaf at a time.

Stop and ask yourself Is what I am doing right now directly related to reaching my main goal? The answer will always be yes if you keep things simple. If the answer is no, you are making things difficult for yourself.

Slow down. You are in a hurry

Once you achieve clarity you will feel a surge of energy to accomplish your goals. But when something is important, you must slow down, focus on the solutions, or risk making rash decisions. Take a deep breath and stay calm. Only then will you have the wherewithal to address obstacles, make rational decisions, and move your plans forward.

The law of unintended consequences

All conduct has unintended consequences. The unintended consequences of negative behaviour are inevitably negative but positive behaviour brings positive unintended consequences.

With clarity, your unintended consequences become strategic by-products of your planned conduct. Strategic by-products are always positive because your planning, the purposefulness of your goals, and the alignment of your goals with your values all create a solid base to which positive things can attach.

Choosing the right trusted advisory team

Regardless of your skills, one thing is certain: you are too close to your own situation to evaluate objectively your whole picture. Finding the right team of advisers will help you define your clarity and solutions.

The ideal adviser is trustworthy, competent, reliable, and team-oriented but these commodities are rare in the real world.

Trust comes in many forms. Fortunately, David Maister, Charles Green, and Robert Galford – authors of The Trusted Adviser – designed a formula to help evaluate and rate a trusted adviser.

Based on a one-to-ten scale, a trusted adviser’s rating is the sum of competence + reliability + intimacy divided by self-orientation. The higher the number the more intensely you will trust your adviser.

Being in control of the process

If you give someone else control they will take control. Although you might rely on various advisers you must sit at the head of the table and raise your hand when you disagree or do not understand.

It is your story, your family, your business, and your goals. When you are clear about where you are going, no-one else can conduct your affairs better than you. No adviser can take that power unless you surrender it. You may not be an expert in your advisers’ areas but you are the expert in the most important area: you.

Managing by gut

Many successful businesses not only employ a team of consultants to help them find the right solutions, they also use specific tools. One such tool is the Kolbe A Index.

Kathy Kolbe developed the Kolbe Wisdom in the 1980s. She understood that many instruments measured intellect (IQ) and the affective mind (personality) but could not find one that measured how people behave when free to be themselves (conative mind).

Most tools try to define what people are not good at and encourage them to do better. Kolbe tells people to concentrate on what they are good at and leverage those strengths.

Learn more about our International Business Services.

Read Say Hello to the Elephants Quadrant One: Clarity

Tony A. Rose Featured Guest on “Smashing the Plateau with David Shriner-Cahn”

Rose, Snyder & Jacobs LLP founding partner discusses his newest book Five Eyes on the Fence: Protecting the Five Core Capitals of your Business

Encino, CA — March 2, 2015:  The latest episode of “Smashing the Plateau with David Shriner-Cahn” features an interview with Tony A. Rose, a founding partner at Rose, Snyder & Jacobs LLP.  Rose discusses his latest book Five Eyes on the Fence: Protecting the Five Core Capitals of your Business and how he delivers value to his clients.

Every expert interviewed on “Smashing the Plateau” is different, but they all have one thing in common—they know how to fix problems that keep people and businesses stuck. In this episode, Tony Rose touches on the five core capitals of business, and also shares his thoughts on the connection between wealth and happiness, the power of listening, the ownership of defined core values and the courage needed as a business owner.

Five Eyes on the Fence is published by Business Expert Press and is available on Amazon, Kindle, Apple, B&N.com and other retail outlets.

 

“Smashing the Plateau with David Shriner-Cahn” is available on-demand and as a download on iTunes. For more information visit the official website.

About Rose, Snyder & Jacobs:
Rose, Snyder & Jacobs LLP (RSJ) is a Certified Public Accounting firm founded in 1976 and located in Encino, California. RSJ is dedicated to serving a diverse client group including closely held companies, high net worth multi-generational families, non-profit organizations, and public companies. RSJ serves clients across many industries, in both domestic and international capacities. www.rsjcpa.com.

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Media Contacts:
Clara E. Mayer
Rose, Snyder & Jacobs LLP
818-461-0600
cmayer@rsjcpa.com

Angela Moore
Starfish PR
310-429-8868
angela@starfish-pr.com