Happy April 15th, 2014 from VonLehman  

Happy April 15th, 2014 from VonLehman.   Thank you to all of our clients and VonLehman employees for another successful tax season.  Please don't forget to begin your strategic tax & business planning next week....it's NEVER too early.  Be sure to contact your VonLehman team to discuss the coming year's plan & strategy!  

VonLehman Official Sponsor of Cincinnati Reds Replay Review, Kerri Richardson Published Nationally 

For news on VonLehman's Official Reds Sponsorship and Kerri Richardson's most recent nationally-published article, along with tax and strategic business news you can use. Click here to read our latest "VonLehman Insights": http://p0.vresp.com/KD1AT5 

VonLehman Strategic Insights 3.20.14 


Happy Spring, all! Here is link for VonLehman "Strategic Insights"  3.20.14. Topics: auto depreciation schedules, gifts & income, social security benefits' safety from income tax & more Read more here:  http://p0.vresp.com/1radbH

VonLehman Tax Watch "Facing college expenses? What you should know." 

Beth Vice and Steve Brunner of VonLehman on Employee Benefit Plan Audits 

VonLehman teams know that many companies' Employee Benefit Plan Audits are filed at- or after deadline.  Don't let that happen this year. Contact Beth Vice or Steve Brunner today to set up your no-obligation free audit estimate from our team. Also ask for VonLehman's FREE Employee Audit Preparation Checklist (or visit here.)

Jami Vallandingham on: Foreign Investments and Assets, IRS Red Flags and Follow-Through 

VonLehman Estate Planning Insights 2014 – Foreign Investments and Assets, Red Flags and Follow-Through

By Jami Vallandingham, CPA, Shareholder, Spring 2014

During the last few years, the IRS has stepped up its enforcement of the Report of Foreign Bank and Financial Accounts (FBAR) rules.  This article explains who is subject to FBAR reporting requirements and the kinds of interests that must be disclosed and how they are to be reported.

For full article, please go here: 

Kerri Richardson of VonLehman Featured in Venue Magazine 

CPAmerica Recognizes VonLehman As One of 15 Firms for 25-Plus Years of Membership 

October, 2013:   Gainesville, Fla. – As CPAmerica International celebrated 35 years of service, the association took some time to recognize long-time members at the annual Leading Partners Retreat. During the retreat, CPAmerica recognized 15 firms with 25-plus years of membership.

"As we celebrate the association, it only makes sense to bring recognition to the firms that have helped shape the direction of the organization," said Alan Deichler, president of CPAmerica. "We are a member-driven association and these longtime members are a symbol of those values."

The list of firms recognized includes the following:

Hunter Group CPA LLC – 35 years

Nowlen, Holt & Miner, P.A. – 35 years

McGowen, Hurst, Clark & Smith, P.C. – 34 years

Contryman Associates, P.C. – 34 years

Cummings, Keegan & Co., P.L.L.P. – 33 years

Pulakos CPAs, P.C. – 32 years

Mueller & Co, LLP – 31 years

HBL CPAs, P.C. – 29 years

Jannsen & Company, S.C. – 28 years

Gray, Gray & Gray, LLP – 28 years

Hagen, Kurth, Perman & Co., P.S. – 27 years

SF&Company CPAs and Business Advisors – 25 years

VonLehman & Company Inc. – 25 years

Davenport, Marvin, Joyce & Co., L.L.P. – 25 years

CF Accountants & Consultants – 25 years

Members undergo a rigorous quality review for CPAmerica membership, only those firms with the highest standards in all practice areas are approved by members.

CPAmerica is an exclusive association of independent CPA firms across the United States. CPAmerica is a member of Crowe Horwath International, which has members in more than 650 offices in more than 100 countries around the world (www.crowehorwath.net).  Learn more by clicking here.

A Worthwhile Investment - Year End Giving as Tax Strategy, an Interview with VonLehman's Owens & Ruberg 

Venue Magazine, Fall 2013 -- Few investments have more impact than those that benefit a worthy non-profit organization.  In Greater Cincinnati, people have more than their fair share of strong organizations that champion noble causes.  The wonderful truth is that charitable contributions can benefit more than the worthy cause -- they usually benefit the giver as well. VonLehman CPA & Advisory Firm (via Dan Owens and Tom Ruberg) gives insight into the details and potential tax advantages of philanthropic giving, specifically from a taxpayer's perspective.

Read entire article by Sarah McClure, photo by Steve Naya by clicking here


Grenade Testing A Disaster Recovery Plan 

As advisors to boards and C-suite professionals, VonLehman teams find that many successful family business leaders do not have a handle on how well their organizations are prepared for a disaster. Most boards are well designed and confident that they will formidably defend the organization’s success during a disaster-level incident.  So, as an exercise in risk mitigation and overall preparedness, the next time that you walk into your board meeting, “pull-the-pin” on this list of questions and watch reactions; they may give you a better handle on the state of your governance plan and disaster recovery processes. Written by Steve Hancox of Financial Resource Associates and Darren Baldwin of VonLehman, see full article at the link:  http://www.vlcpa.com/uploads/021513VLArticleGrenadeDisasterRecoveryGOERING2013BaldwinHancoxFINALformatted.pdf


VonLehman's Baldwin on Healthcare: Thriving in the PCMH & ACO Landscape 

030612PhotoBaldwinColorHiResCROP200.jpgDo you want to prepare your leadership to thrive in this new healthcare landscape? If your leadership team is considering making the first important steps towards a PCMH model or joining and negotiating with an ACO, you will have numerous initiatives to pull off simultaneously.  This requires experience with large transformation and change projects involving people, technology and limited time.  VonLehman's Business Advisory team can show you how.  VonLehman's Darren Baldwin's recent article,"PCMH and the Provider Challenge – An Advisor’s Insight" can provide initial insight and potential challenges that need to be considered, discussion points that your team needs to pursue.  The PCMH and ACO implementation process is complex, however, best practices exist and success stories abound. For questions, email us at info@vlcpa.com.  

VonLehman’s Ruberg & Morgan Awarded PFS, New Hires, Mobile vlcpa.com  

CINCINNATI, OH March, 2013 – VonLehman, a leading regional CPA, business advisory and business turnaround firm announces that Shareholder Tom Ruberg, CPA, CHBC and Manager Kris Morgan, CPA have been awarded the Personal Financial Specialist (PFS) credential by the American Institute of Certified Public Accountants (AICPA), joining an elite group of professionals who have demonstrated advanced and integrated knowledge of tax, estate, retirement, investment and insurance planning.

Per Tom Ruberg, “More and more of our clients are getting to the point where they really need to start planning for multiple items-managing today’s tax structure (business and individual), children’s education, business initiatives,  proper protection strategies, retirement, estate planning and more.  These credentials certify that Kris and I have met the stringent requirements of the AICPA to render these services to our clients.  We intend to take our client service to the next level.”

What is PFS?

PFS, or Personal Financial Specialist, is the financial planning specialty credential issued by the American Institute of Certified Public Accountants (AICPA) exclusively to qualified CPAs with proven expertise and experience in comprehensive personal financial planning. Established in 1987 by the AICPA, the PFS is awarded only to CPAs with extensive training and experience in financial planning. To earn the credential, CPAs must have a minimum of 80 hours of personal financial planning education and 3,000 hours of planning experience within the previous five year period. They also must pass a comprehensive exam covering nine topic areas and be a member in good standing with the AICPA, binding them to the AICPA Code of Professional Conduct.  The AICPA is the premier professional association for CPAs with nearly 390,000 members in 128 countries.

As of 2012, approximately 5,000 CPAs in the United States hold the PFS credential.  Many of these same CPAs can be found on lists of top financial planners.  In addition to meeting rigorous requirements to join this elite group, Mr. Ruberg and Mr. Morgan will need to meet recertification requirements every three years to maintain the PFS credential.  

New Hires

VonLehman has hired Shannon VonEye as a Tax Supervisor in their Fort Mitchell, Kentucky office.   Shannon comes to VonLehman with over a decade’s worth of regional experience in accounting, tax and audit work. 

Online Forward Thinking

VonLehman has also recently launched a mobile version of vlcpa.com, its corporate website and a new blog offering opportunities for visitors to send questions or request that certain topics be covered on a regular basis on the site.

About VonLehman

Founded in 1946 and with offices in both Cincinnati and Northern Kentucky, VonLehman is a leading full-service CPA and business advisory firm. VonLehman provides forward-thinking accounting, tax and strategic business advice to closely-held businesses, not-for-profits and governmental entities throughout the Cincinnati and Northern Kentucky region.  Specializing in sectors that drive the tri-state economy – including manufacturing and distribution; construction and real estate development; professional services and healthcare, VonLehman provides clients with the depth of services and resources expected from larger national firms, but with an unmatched measure of personal care and attention.   See http://www.vlcpa.com for more information.

VonLehman News Release Media Contact:

Suzanne Warden





VonLehman's Dreier: Gambling Losses in Ohio? Good Tax News. 

KathleenDreier_CROPPED2012.jpgIf you have gambling losses and must file an Ohio Income tax return, good news is on the horizon, according to VonLehman's Kathleen Dreier, CPA, CIT.  If you don’t know, currently Ohio residents must include their gross gambling winnings in their Ohio adjusted gross income.  No deduction is permitted for gambling losses.  This will change for the 2013 tax year.   Losses will now be deductible up to gambling winnings if allowed on the taxpayers federal return.  For Federal purposes, gambling losses are deductible limited to winnings as an itemized deduction. 

Effective for tax years starting after 2012, losses from wagering transactions not otherwise deducted or excluded in computing federal or Ohio adjusted gross income are deductible provided the loss is allowed as an itemized deduction under IRC §165and the taxpayer deducted the loss in computing federal taxable income. [Ohio Rev. Code Ann. §5747.01(A)(29).]  Please send questions or topic suggestions to info@vlcpa.com.

VonLehman's Beth Vice Promoted to Shareholder 

BethViceCROPRESIZEblog0113.jpgVonLehman is proud to announce that Beth Vice has been promoted to Shareholder. Beth will continue to provide her breadth of expertise to our clients in Manufacturing, Distribution and Not-for-Profit, and continue her extensive philanthropic and volunteer work projects throughout the Cincinnati and Northern Kentucky region via VL Cares and its teams' programs and initiatives, which she leads within VonLehman. Congratulations, Beth, from all of your colleagues. For questions, email us at info@vlcpa.com.

VonLehman's Business Insight Blog Launches 


brian-blog.jpgWelcome to VonLehman’s new accounting, tax and business insight blog.

Our posts will be topical and timely, with a rotating cast of contributors from the VonLehman team, including myself, Brian Malthouse, the President of VonLehman. Our goal is to cover issues impacting the growth and success of our community and our clients – privately held businesses, regional not for profits, governmental entities and individuals. Our goal is to make a difference by providing important, forward thinking information you can view 24/7/365 online and via your mobile device. We’ll include our content and links to key insights from sources across the web.

Thank you for visiting, welcome, and send questions or topic suggestions to info@vlcpa.com.


DISCLAIMER: The technical information in all posts are necessarily brief. No final conclusion on these topics should be drawn without further review and consultation. Please be advised that, based on current IRS rules and standards, the advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty assessed by the IRS. All original content is © Copyright, VonLehman & Company, Inc.

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