Revised Form I-9 Required in January 2017

On November 14, 2016, U.S. Citizenship and Immigration Services (USCIS) published a revised Form I-9, Employment Eligibility Verification. Changes to the form are intended to help employers reduce technical errors and facilitate electronic completion. Employers may continue using Form I-9 with a revision date of 03/08/2013 through January 21, 2017. By January 22, 2017, employers must use the revised form. Employers should continue to follow existing storage and retention rules for all previously completed Forms I-9.

Most of the revisions to the I-9 operate to allow for easier electronic completion, while others aim to streamline the employment eligibility verification process.

What This Means to You

All U.S. employers should review their I-9 policies and procedures to ensure they are up to date with the new changes to the form. Human resources professionals and others responsible for the completion of Form I-9 should become familiar with the changes immediately to ensure timely transition to exclusive use of the revised form. Compliance by January 22, 2017, will be critical as Form I-9 enforcement audits are expected to increase.

Click Here to View the New Forms

At Insero, we make it our business to stay abreast of the latest trends and technical updates and we understand how important timely updates are to our clients. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

FLSA Overtime Rule Blocked by Federal Judge

The federal overtime rule scheduled to take effect on December 1, 2016 has been blocked by U.S. District Judge Amos Mazzant III, who issued a preliminary injunction on Tuesday. The Department of Labor (DOL) rule would have essentially doubled the Fair Labor Standards Act (FLSA) salary threshold for overtime pay exemption.

To learn more about what this recent development means for you and your business, click here for an informative article from the Society for Human Resource Management.

 

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At Insero, we make it our business to stay abreast of the latest trends and technical updates and we understand how important timely updates are to our clients. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Insero Named Best Accounting Workplace for Fifth Consecutive Year

Insero & Co. CPAs was recently named as one of the 2016 Best Accounting Firms to Work for by Accounting Today for the fifth consecutive year. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. Insero is the only firm in New York state to have been named to the list each of the last five years.

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“We’re thrilled to receive this honor for the fifth year in a row,” said David Mandrycky, Director of Human Resources at Insero. “We owe many thanks to our entire team for upholding our focus on our people and building an environment where people are fulfilled and excited to come to work each day. Because of this focus, our reputation across the state has grown, employee turnover rate is well below the industry average and we are an employer of choice on the college campuses. That, in turn, benefits our clients, who appreciate being able to work with the best people. It’s truly a win-win.”

This survey and awards program is designed to identify, recognize and honor the best 100 employers in the accounting industry, benefiting the industry’s economy, workforce and businesses. Companies from across the country entered the two-part survey process to determine Accounting Today’s Best Accounting Firms to Work for. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. Best Companies Group managed the overall registration and survey process, analyzed the data and determined the final ranking, which will be announced in November of this year.

“The firms on this list represent the best workplaces in the accounting profession,” said Accounting Today Editor-in-Chief Daniel Hood. “They are outstanding places to build a career.”

For more information on Accounting Today’s Best Accounting Firms to Work for program, visit www.BestAccountingFirmsToWorkFor.com.

Rochester-based Insero & Co. CPAs is one of the largest accounting and business advisory practices serving New York state with offices in Rochester, Ithaca, Corning, Cortland and Watkins Glen. A full-service public accounting firm, Insero provides attest, tax and consulting services to corporations, individuals, government agencies, colleges and universities, not-for-profit organizations and businesses ranging from privately held family businesses to multi-national corporations. These clients represent many industries, including service, manufacturing, distribution, high-tech, telecommunications, education, social services and real estate. For more information, visit www.inserocpa.com.

Insero Named a Rochester Metro Area 2016 Top Workplace

Insero & Co. CPAs has been named one of the 2016 Top Workplaces in Rochester by the Democrat and Chronicle. The firm was also honored with a Special Award for Ethics, described by the phrase “This company operates by strong values and ethics.” The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including Alignment, Execution, and Connection, just to name a few.

2016 Top Workplaces Award Winners

Vincent Leo, Nancy Catarisano, and David Mandrycky

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Insero and JC Jones Announce Strategic Alliance

Insero & Co. CPAs, LLP (Insero) and JC Jones & Associates, LLC (JC Jones) have announced the formation of a strategic alliance designed to enhance each firms’ service offerings.

“This alliance is the result of years of working together on client projects and the common goal of providing the highest level client of service,” said Nancy Catarisano, Managing Partner of Insero. “Together we can create more opportunities for our employees as well as a deeper bench for our clients in terms of experienced and knowledgeable partners. We have always been impressed with JC Jones’ commitment to client service, and now that we are aligned I am confident that our clients will see an immediate benefit.”

“Individually both firms have an impressive group of well-respected team members and industry knowledge; but together, our combined areas of expertise are a great fit and will afford us a competitive advantage in terms of depth of knowledge as well as availability of resources,” said P.J Guisto, Managing Partner of JC Jones. “With our consulting experience and the strength of Insero’s compliance practice, we can provide the best possible service to our clients.”

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Insero and JC Jones plan to leverage their respective strengths to drive growth in the middle-market and large corporate sectors as well as expanding opportunities for staff. The two firms have previously worked together on a number of engagements and are recognized leaders.

JC Jones, with corporate offices in Pittsford, N. Y., was founded in 1997 and provides high value management advisory services to companies around the world in a wide and continually expanding variety of industries. The firm specializes in performance and profit improvement, information technology consulting, governance, risk and compliance and business restructuring. For more information, visit www.jcjones.com.

Rochester-based Insero & Co. CPAs is one of the largest accounting and business advisory practices serving Upstate New York with more than 125 employees in five locations. A full-service public accounting firm, Insero provides attest, tax and consulting services to government agencies, not-for-profit organizations and businesses ranging from privately held family businesses to multi-national corporations. These clients represent many industries, including service, manufacturing, high-tech, telecommunications and real estate. For more information, visit www.inserocpa.com.

Insero & Co. and CDLM Merge

Insero & Co. CPAs (Insero) and Ciaschi, Dietershagen, Little, Mickelson & Company, LLP (CDLM) have merged as of January 1, 2016. The combined firm will operate under the Insero & Co. name, and employ more than 125 across five locations in Rochester, Ithaca, Corning, Cortland, and Watkins Glen.

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“We have worked together for nearly two years and our merger will help us to continue to grow our practice across New York state,” said Nancy Catarisano, who will serve as Managing Partner. “Insero has enjoyed a great reputation for client service and we work with many middle market and family owned businesses in the Rochester area. Together, we are excited to enter Central New York and the Finger Lakes region and create new opportunities for our clients and our staff.”

Insero has repeatedly been recognized nationally as one of the Best Accounting Firms to Work for by Accounting Today and Best Companies Group, and, in 2015, ranked first in the small business category of Rochester’s Top Workplaces by the Democrat and Chronicle and WorkplaceDynamics. The firm is also one of the top 25 employee benefit plan accounting firms in the U.S. based on plan assets audited and provides outsourced staffing solutions to local businesses.

“What excites me about this merger is our combined bench strength and our new focus on expanding our not-for-profit, school district and government audit practice into the Rochester area,” said John Dietershagen, who will serve as Office Managing Partner for the Southern Tier locations. In addition to serving privately held businesses, CDLM currently audits more than 200 local governments, educational entities, not-for-profit organizations and labor organizations throughout Central New York and the Finger Lakes region.

John Dietershagen, CPA

Rochester-based Insero & Co. CPAs is one of the largest accounting and business advisory practices serving New York state. A full-service public accounting firm, Insero provides attest, tax and consulting services to corporations, individuals, government agencies, colleges and universities, not-for-profit organizations and businesses ranging from privately held family businesses to multi-national corporations. These clients represent many industries, including service, manufacturing, distribution, high-tech, telecommunications, education, social services and real estate. For more information, visit www.inserocpa.com.

 

Insero & Co. Named one of the 2015 Best Accounting Firms to Work for

Insero & Co. CPAs has been named one of Accounting Today’s 2015 Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.

“As the only firm in Western New York and the Finger Lakes Region to be named to the list, everyone in the firm is very proud of this accomplishment,” said Managing Partner Nancy Catarisano. “This is the fourth straight year we’ve received this honor, and we are looking forward to reviewing the input from the survey and carrying on our tradition of making the firm an even greater place to work.”

Our Partners

This survey and awards program is designed to identify, recognize and honor the best 100 employers in the accounting industry, benefiting the industry’s economy, workforce and businesses. Companies from across the country entered the two-part survey process to determine Accounting Today’s Best Accounting Firms to Work for. The final ranking will be announced in December of this year.

“The firms on this list represent the best workplaces in the accounting profession,” said Accounting Today Editor-in-Chief Daniel Hood. “They are outstanding places to build a career.”

For more information on Accounting Today’s Best Accounting Firms to Work for program, visit www.BestAccountingFirmsToWorkFor.com.

Rochester-based Insero & Co. CPAs is one of the largest accounting and business advisory practices serving New York state. A full-service public accounting firm, Insero provides attest, tax and consulting services to individuals, government agencies, colleges and universities, not-for-profit organizations and businesses ranging from privately held family businesses to multi-national corporations. These clients represent many industries, including service, manufacturing, distribution, high-tech, telecommunications, education, social services and real estate. Insero also specializes in outsourced staffing solutions and employee benefit plan audits. For more information, visit www.inserocpa.com.

Federal Tax Weekly: August 20, 2015

This issue’s topics include:

  • Automatic Extensions For Information Returns Set To End
  • IRS Excludes Some Identity Theft Protection From Income
  • IRS Updates APA Procedures
  • IRS Finalizes CRT Basis Rules
  • IRS Clarifies Fuel Excise Tax Liability

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Click Here to Download

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please feel free to contact us directly.

Federal Tax Weekly: August 13, 2015

This issue’s topics include:

  • Ninth Circuit Reverses Tax Court On Mortgage Interest Deduction Limits
  • IRS Plans 2016 Start For PEO Certification Program
  • Treasury Advises IGA Partners Of More Favorable FATCA Terms
  • IRS Posts Draft Form 2848
  • Marijuana Excise Tax Deemed Deductible

Federal_Tax_Weekly

Click Here to Download

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please feel free to contact us directly.

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