Author Archive

09
Feb

Bob Hauzie – St. Francis Senior Ministries, Inc.

Bob Hauzie – St. Francis Senior Ministries, Inc.

St. Francis Senior Ministries, Inc. is a not-for-profit continuing care retirement community with operations in senior independent living, assisted living, short-term skilled nursing and long term nursing care. Since a majority of our residents in the nursing part of our operation are Medicaid dependent, we must work more efficiently and effectively to control costs and increase revenues. On September 1, 2009, St. Francis Senior Ministries, Inc. contracted with Fabrizio & Shultz, LLC to perform the duties of Chief Financial Officer for the Corporation. Fabrizio & Shultz, LLC has become a vital business partner with us not only in helping to control cost through eliminating the need for a full time Chief Financial Officer on staff, but also by providing business advice and valuable financial knowledge to our Organization. The staff member assigned to our account has shown a tremendous knowledge of efficient and effective accounting methods and provides us with answers to keep the Organization ahead of the game with assistance in finance, strategy and financial analysis. We are looking forward to a continued business relationship with Fabrizio & Shultz, LLC. Bob Hauzie, LNHA President/CEO/Administrator St. Francis Senior Ministries, Inc.

15
Dec

Obama Strikes Deal on Bush Tax Cuts and Unemployment

President Obama announced a deal Monday evening to extend the Bush-era tax rates for two years, as well as other tax breaks and unemployment benefits, after Republican and Democratic congressional leaders forged a compromise in meetings with administration officials. However, the deal to extend the Bush tax cuts even for those making more than $250,000 a year met with criticism from some Democrats who accused the president of giving in to Republican tactics and violating one of his campaign pledges. Read full article at Accounting Today

15
Dec

IRS Announces 2011 Standard Mileage Rates

The Internal Revenue Service today issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car... Read full article at IRS.Gov

15
Dec

The U.S. District Court for the Northern District of Ohio granted summary judgment to online travel companies (OTC) because it concluded that the surcharges and service fees charged by the OTCs did not qualify as guest taxes. The OTCs contract with hotels for rooms at discounted rates ("net rates") and resell the rooms to consumers at marked-up rates ("reservation rates")... Read full notice...

15
Dec

The IRS has issued guidance regarding in-plan Roth rollovers. Code Sec. 401(k), Code Sec. 403(b) and Code Sec. 457(b) government plans are permitted under amendments to Code Sec. 402A(c) by the Small Business Jobs Act of 2010 (P.L. 111-240) to allow in-plan Roth rollovers for eligible rollover distributions made after September 27, 2010, from a non-Roth account into a designated Roth account in the same plan. Read full notice...

18
Nov

Tax Credits Available for Winterizing Homes

Homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their 2010 tax bill as well. According to the Internal Revenue Service, last year’s Recovery Act expanded two home energy tax credits: the Nonbusiness Energy Property Credit and the Residential Energy Efficient Property Credit. The Nonbusiness Energy Property Credit equals 30 percent of what a homeowner spends on eligible energy-saving improvements, up to a maximum tax credit of $1,500 for the combined 2009 and 2010 tax years. The cost of certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass all qualify, along with labor costs for installing these items. Read full article at Accounting Today

18
Nov

Mike Iannarino – Cephas Capital Management

Mike Iannarino – Cephas Capital Management

After being in the wealth advisory industry 20+ years, we decided to go independent in late 2006 and start our own company. Fabrizio & Shultz, LLC were like having our own accounting department within the company. They handled setting up and implementing our accounting software and training our staff to do the day to day bookkeeping. They handle all of our tax filings and planning and are always up to date on the latest tax laws and filing requirements.

18
Nov

Steve Sherick – Work Connections International, LLC

Steve Sherick – Work Connections International, LLC

I have had a working relationship with Fabrizio & Shultz, LLC for over four years. I find their team to be highly responsive to our needs and very proactive in bringing valuable insights to our associates. They listen first, and then offer appropriate solutions. As a result, they are well prepared and never waste our time. Our company enjoys working with Fabrizio & Shultz, LLC and looks forward to a valued, long term relationship. Steve Sherick, General Manager Work Connections International, LLC

19
Jul

Krista Elgin – The James Group, LLC

Krista Elgin – The James Group, LLC

Our company has been doing business with Fabrizio & Shultz since 2004 when we started our business. You can always depend on Fabrizio & Shultz for reliable tax returns, tax planning, financial analysis and sound strategic business decisions. They are always there at a moment’s notice for added expertise and key advice to help our business succeed. Krista Elgin, Controller The James Group, LLC