Month: January 2013

2013 Federal Tax Withholding Tables Are Now Available

With all of the confusion and last minute changes, the IRS is just releasing the 2013 employer tax withholding tables for 2013 in Notice 1036. The new tables reflect the “fiscal cliff” changes and employers should begin using the revised tables as soon as possible.  If you are working with an outside payroll service, I… Read more »

Ohio Minimum Wage Rates increased 1/1/2013

Ohio raised the minimum wage for employees effective 1/1/2013 by $0.15 per hour.  The new minimum wage for non-tipped employees increased to $7.85 per hour.  Tipped employees’ minimum wage also rose to $3.93 per hour. Non-tipped employees are defined as those who do not customarily receive more than $30.00 in monthly tips.  Conversely, tipped employees… Read more »

What is a CGMA

I have been asked what the CGMA designation after my name means.  The CGMA stands for a Chartered Global Management Accountant.  The designation was awarded jointly by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).   The CIMA is a multi-national association of Chartered Accountants representing over 195,000 members in… Read more »