Somerset News Releases

Somerset News and Press Releases

Somerset Wherewithal - May 2012
May 17, 2012

See the current issue of our Wherewithal for articles on the following topics:

  • Six Tax-Planning Moves for Midyear
  • Start Planning for the New 2013 Medicare Tax on Investment Income
  • IRS Relaxes “Innocent Spouse” Rules
  • Mining Three Sources of Retirement Income
  • Taking Tax Write-Offs for Good Deeds
  • More Tax News
  • Somerset CPAs News

Read more…

Somerset Achieves 7th Place in 2012 Best Places to Work in Indiana Ranking
May 4, 2012

The 2012 ‘Best Places to Work in Indiana’ rankings were announced on May 3, 2012, by the Indiana Chamber of Commerce. There were 70 companies from throughout the state that made the 2012 Best Places to Work in Indiana list. The top companies in the state are determined through employer reports and comprehensive employee surveys.

Somerset is proud to be ranked 7th place in the small to medium-sized companies category of between 15 and 249 U.S. employees, and we thank our associates for the honor.

More information about the award.

Somerset Real Estate Focus - May 2012
May 3, 2012

Our Real Estate Team’s quarterly newsletter has been published. Articles include:

  • Mezzanine Financing Plays Important Role
  • Mortgage Interest Deductible
  • Managing Distressed Real Estate
  • Lease Renewal Options
  • Four Real Estate Financing Plans

>>Go to newsletter

  • Somerset Real Estate Team News
Somerset Hosting Axium Users Group on April 18
April 6, 2012

On Wednesday, April 18, Linsey Bont of Somerset’s Information Solutions Team will host this event for Axium users. It will be held in Somerset’s Conference Center from 10:00 a.m. to Noon, and lunch will be served at noon.  Registration is open.

Somerset CPAs “Lose Big” During Tax Season
March 19, 2012

Our associates are “losing big” this tax season.  This is typically a time when CPAs are too busy to worry about eating right and exercising, but this year Somerset’s Wellness Committee wanted to change that. 

Our Wellness Committee decided to appeal to our associates’ competitive sides and hold a contest.  They came up with the “Somerset Wellness Challenge,” which groups participants into teams to lose weight during tax season.  Not meant to be a quick weight loss program, the challenge promotes simple lifestyle changes like moving more, eating more fruits and vegetables and drinking more water.  Somerset coordinated with Spectrum Health Systems so weekly weigh-ins and individual identities would be confidential. 

Debbie Williams, the firm’s Controller and Co-Chair of the Wellness Committee said, “The committee was inspired to set up this challenge to help employees take control of their health and fitness after Somerset held on-site health screenings. It’s been great to see the results.”

About half of our associates signed up to participate in January.  By mid-March, those 67 participants have lost an amazing 262 pounds in total.  That’s an average loss of 3.91 pounds per participant. 

To support associates, Somerset CPAs also provides the following:

  • Friday yoga classes
  • Catered dinners during the week that offer healthy choices
  • Healthy snacks daily – fresh fruit, yogurt, vegetable trays, granola bars, etc.
  • Brown bag wellness lunches
  • Wellness segment at staff meetings
  • Wellness reimbursement program
  • On-site wellness screenings

Teams with the biggest percentage of weight loss have been given interim prizes and recognition throughout the contest.  The final weigh-in will be on April 25, and the top 3 team and individual winners will receive cash prizes. 

We are happy to be “big losers” this tax season!

Somerset Work-In-Process - March 2012
March 15, 2012

Our Construction & A/E Team has published their e-newsletter, Work-In-Process. Article topics include:

  • Fine-Tuning Internal Controls
  • Indiana Sales/Use Tax Webinar
  • Domestic Production Activity Deduction
  • Reimbursing Living Expenses
  • Sizing Up Joint Ventures
  • Developments in Tax and Business
  • Alternative Minimum Tax

Read more…

AchieveWELL Certificate Training Program
March 12, 2012

Health care costs are rising at alarming rates, and many organizations are addressing these costs head on with a workplace wellness program. Do you have a wellness initiative in place or are you trying to figure out where to start?

Somerset CPAs has partnered with the Wellness Council of Indiana to offer a Wellness Workshop Series to businesses who want to offer a wellness program to their employees.

We are pleased to invite YOU to participate in this workshop series, which is based on the AchieveWELL Certification program. This four workshop series is being offered in the Somerset Conference Center in 3-hour monthly sessions beginning April 25 and concluding August 22. As a participant, you will:

  • Qualify for 6.5 PHR/SPHR re-certification credits
  • Earn the individual AchieveWELL certification
  • Receive the guidance and leadership needed to create and sustain a healthy culture
  • Obtain tools and education needed to attain the employer AchieveWELL 3-star accreditation through the Wellness Council of Indiana and at a reduced cost
  • Gain a network of business leaders for future support and partnership in the wellness space

The AchieveWELL certification is typically held via a day and a half session with a cost of $399. Through our invitation, your cost for the series is only $299.

Please register as soon as possible. Space is limited and securing a participant spot is on a first come, first serve basis. Don’t miss this exciting invitation to participate in the inaugural Wellness Workshop Series. Details and registration…

Fishing in Revenue Streams - Revenue Overstatements
March 1, 2012

Ken W. Stalcup, CPA, CFE, CFF of our Litigation, Valuation & Forensic Team wrote an article that was published by Fraud Magazine recently.

“Revenue accounts are fraudsters’ favorite targets in financial statement frauds because they often contain the largest numbers and high volumes of transactions within general ledgers. As CFEs, we need to understand the underlying causes and motivations for overstating revenues. But don’t bury yourself in the ledgers; investigatory interviews and other analyses are imperative.”

Read more…

Somerset Perspectives on Litigation Support - March 2012

Our Litigation, Valuation & Forensic Team just published another issue of Perspectives on Litigation Support. Articles include:

  • IRS Discontinues Two-Year Time Limit for Innocent Spouse Relief Requests
  • Use a Focus Group to Test Aspects of Case Presentation
  • Differentiate Your Firm’s Services
  • Attorney Communication Subject to DOL Subpoena

>>Go to newsletter

Somerset CPAs on the 2012 Best Places to Work in Indiana List
February 22, 2012

Thanks to our associates, Somerset CPAs has again been named one of the Best Places to Work in Indiana in the Small to Medium-sized Companies (15-249 employees) category. We’ve made the list in each year that we’ve participated in the program–2006, 2007, 2008, 2010, 2011 and now 2012.

We will learn our ranking at the awards dinner on May 3. Read more…