Accounting Course – Tomasz Pietak http://www.tomaszpietak.com/ Tue, 14 Sep 2021 19:33:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.tomaszpietak.com/wp-content/uploads/2021/08/Tomasz-Pietak-icon-150x150.jpg Accounting Course – Tomasz Pietak http://www.tomaszpietak.com/ 32 32 Charles H. Kana | Obituary https://www.tomaszpietak.com/charles-h-kana-obituary/ https://www.tomaszpietak.com/charles-h-kana-obituary/#respond Tue, 14 Sep 2021 05:00:00 +0000 https://www.tomaszpietak.com/charles-h-kana-obituary/ July 4, 1930 — August. 31, 2021 REXFORD, NY – Charles H. Kana passed away on August 31, 2021, aged 91. He was a former resident of Coburg Village in Rexford, New York and previously lived at Summer Winds in Saratoga Springs. Charles was born in Whitehall, New York on July 4, 193O, the third […]]]>

July 4, 1930 — August. 31, 2021

REXFORD, NY – Charles H. Kana passed away on August 31, 2021, aged 91. He was a former resident of Coburg Village in Rexford, New York and previously lived at Summer Winds in Saratoga Springs. Charles was born in Whitehall, New York on July 4, 193O, the third son of the late Fenton W. Kana, Jr., and Clara Adeline Neddo. He was predeceased by his beloved wife, Doreen Cooke Kana, 65, and his eldest son, Thomas E. Kana of Colorado Springs, CO, his brothers, George Robert Kana (Rube) of Whitehall and Raymond William Kana of Beverly Hills, Florida. .

Charles graduated from Whitehall High School in the class of 1947. Charlie then attended Albany Business College and received his two year accounting degree in 1950 and was subsequently appointed to the United States Merchant Marine Academy at Kings Point , New York. In February 1955 he obtained a Bachelor of Science in Marine Engineering, including a Third Engineer License from the Coast Guard. The day after graduation, he married his best friend and high school prom date Doreen Ann Cooke at the Star of The Sea Chapel. After graduating from Kings Point, Charlie accepted a position with General Electric Co. in Schenectady, NY. He eventually worked at the Knolls Atomic Power Laboratory where he became involved in the design and manufacture of large reactor valves for the nuclear power plants of the submarine Triton and the cruiser Bainbridge. Charlie held various engineering leadership roles at GE and KAPL before retiring in 1992.


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Evancheck celebrates retirement from military as Middle East war draws to a close | New https://www.tomaszpietak.com/evancheck-celebrates-retirement-from-military-as-middle-east-war-draws-to-a-close-new/ https://www.tomaszpietak.com/evancheck-celebrates-retirement-from-military-as-middle-east-war-draws-to-a-close-new/#respond Fri, 10 Sep 2021 00:00:00 +0000 https://www.tomaszpietak.com/evancheck-celebrates-retirement-from-military-as-middle-east-war-draws-to-a-close-new/ PESHTIGO — Matt Evancheck was taking an Accounts Payable course at a College Avenue hotel in Appleton on September 11, 2001. Her class took a morning break. He stood up and walked out the door into the hallway. The hallway was lined with televisions projecting a repetitive image of the North Tower of the World […]]]>

PESHTIGO — Matt Evancheck was taking an Accounts Payable course at a College Avenue hotel in Appleton on September 11, 2001.

Her class took a morning break. He stood up and walked out the door into the hallway. The hallway was lined with televisions projecting a repetitive image of the North Tower of the World Trade Center on fire.

“What the hell is going on over there?” Evancheck said he thought.

He watched a plane hit the south tower. Then the break was over. He returned to class and continued with the accounting course, but after a while the instructor realized that something had gone terribly wrong and let everyone out earlier.

“I will never forget it,” Evancheck said. “The attacks are part of what prompted me to re-engage. “

Evancheck, who is currently a millwright at Dunn Paper in Menominee, served 20 years in the United States Army as a member of the Wisconsin Army National Guard and United States Army Reserve, of which he has spent the last part in the Middle East after September. 11 terrorist attacks.

He retired from military service last December and was finally able to host a post-quarantine celebration with family, friends, and military colleagues last August, shortly after the United States began to withdraw from ‘Afghanistan.

Evancheck deployed to Camp Virginia Ammunition Holding Area (AHA) in Kuwait June 6, 2007 in support of Operation Iraqi Freedom. He was an ammunition specialist and a member of the 395th Ordnance Company, a unit that receives, stores, inspects and ships ammunition.

He has also visited Iraq from Kuwait a few times to assist explosive ordnance detection personnel. He remembers his first crossing of the border in a Haji bus. As the bus approached the border, passengers were ordered to load their weapons:

“We are entering an active war zone,” announced a voice over the speaker. “There are people here who don’t want you to be here. Stay alert and stay alive.

“I had my two young children at home,” Evancheck said. “At that moment, I thought for the first time, ‘Am I going to leave them without daddy?’ “

The Evancheck AHA was inundated with ammunition from Iraq in 2010 when Operation Iraqi Freedom switched to Operation New Dawn, beginning the withdrawal leading to the US withdrawal from Iraq under former President Barack Obama .

Evancheck said his AHA received more than 70 pallets of aircraft ammunition during this transition, or enough to destroy the facility and its three-kilometer-wide perimeter if the ammunition exploded.

After completing his tour of Kuwait, Evancheck deployed to Afghanistan on July 4, 2011 in support of Operation Enduring Freedom.

He left Fort Hood, Texas, and flew to Manas, Uzbekistan, where he stayed with his unit for two weeks to acclimatize before heading to Bagram Airfield in Afghanistan.

Evancheck said the airfield opens weekly for locals to come in and set up a mess.

“There was this little boy,” Evancheck said, “he said to me,“ I have t-shirts, for good prices! “And I say to myself” how much? And he’s like ‘twenty dollars!’ and I’m like ‘no way, are you kidding me? I’m not going to buy this! ‘ and he’s like “twenty dollars, cheaper than Walmart!” “

Bagram Airfield also had a prison, and there was a prison library that contained materials collected over the years, including a box full of Qurans with messages that military officials said were used to facilitate communication between prisoners. The Korans were confiscated and kept in the library, and in February 2012, these books ended up in the garbage burning pits at the airfield.

Some locals discovered the burnt Korans and began to protest, waving the blackened pages of their holy book in the air.

“Here we are, these Americans burning their most sacred text,” Evancheck said. “These people have lost their minds.”

The base closed when protesters began to attack the compound.

“People felt pretty sorry for us,” Evancheck said. “We didn’t have a water supply, so I had to take showers in the morning with a bottle of water.

Evancheck said rocket fire increased during the protests, often hitting the airfield five to six times a day. The approaching rockets were announced by intercom:

ENTERING, ENTERING, ENTERING … ENTERING, ENTERING, ENTERING.

A whining siren followed the announcement.

“We put on our bulletproof vest and helmet and headed for the bunker,” Evancheck said. “I got used to it after a while. You would see these new units coming in, they were jostling each other everywhere when a rocket came. But they were so frequent that I got to the point where I actually slept once with an alarm.

Just as Evancheck’s military career is now a thing of the past, the United States’ war in the Middle East, the longest war in American history, has come to an end, bounded by the destruction of September 11, 2001 and the departure of the last evacuation flight. from Hamid Karzai International Airport in Kabul, Afghanistan, August 30, 2021.

“I don’t know what senior administration officials know, so I can’t really say whether it was a good or a bad decision,” he said. “But it’s weird to see that everything is being left behind. There were great structures built in those places, and we walked away from it, let it go. “

Evancheck’s daughter made him a poster for his retirement party. It’s a piece of black construction paper with about a dozen photos from its time in service. He pointed to a photo of himself holding an alcohol-free Budweiser at the AHA in Kuwait.

“Here I am, celebrating my 34th birthday,” he said. “We couldn’t drink alcohol at all. No parties, no fun for us.

In the middle of the poster was a photo of the desert in the northern region of Kuwait, about 20 minutes from the border with Iraq. A desolate expanse of pale sand meeting a desolate expanse of blue sky.

“I was telling people, ‘there is beach everywhere here,’” he said, raising his hands and gesturing around him. “Eventually you will reach the ocean.”


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Goodwill Charges Former CFO Tim Ligon of Over $ 75,000 in Credit Card Fraud | New https://www.tomaszpietak.com/goodwill-charges-former-cfo-tim-ligon-of-over-75000-in-credit-card-fraud-new/ https://www.tomaszpietak.com/goodwill-charges-former-cfo-tim-ligon-of-over-75000-in-credit-card-fraud-new/#respond Fri, 27 Aug 2021 18:33:00 +0000 https://www.tomaszpietak.com/goodwill-charges-former-cfo-tim-ligon-of-over-75000-in-credit-card-fraud-new/ Tim Ligon, 56, of Madison, former CFO of Goodwill Industries of Middle Georgia and current chairman of the City of Madison audit committee is charged with credit card fraud to the tune of $ 75,000. A representative for Goodwill, Brian Grady, filed a civil complaint with the Morgan County Sheriff’s Office on August 23, accusing […]]]>

Tim Ligon, 56, of Madison, former CFO of Goodwill Industries of Middle Georgia and current chairman of the City of Madison audit committee is charged with credit card fraud to the tune of $ 75,000.

A representative for Goodwill, Brian Grady, filed a civil complaint with the Morgan County Sheriff’s Office on August 23, accusing Ligon of using his company credit card to make unauthorized personal purchases in the amount of of $ 76,593.07 over a six-year period. According to the police report, the bulk of the disputed purchases were made in Morgan County.

“It is unfortunate that this breach of trust has occurred. There is zero tolerance for theft of any kind at Goodwill, ”said James Stiff, president of Goodwill Industries of Middle Georgia, in a press release.

According to Stiff, in March 2021, Ligon was fired after Goodwill officials discovered dozens of personal charges on his corporate credit card dating back to 2015. Ligon was offered the option of refunding the money, signing an agreement to repay all funds by August. 7, but has not yet done so.

“Sir. Ligon was immediately removed from his trust position and fired. A report was filed with Goodwill’s insurance company and a special audit was conducted by Goodwill’s audit firm Cherry Bekaert. . Ligon was offered the option of repaying the amount ($ 76,593.07) to expedite the return of these resources to mission services. Mr. Ligon has agreed to repay Goodwill no later than August 7, 2021. that he didn’t, ”Stiff said.

At the request of a legal expert in insurance, Goodwill filed a civil complaint against Ligon two weeks after the expiration of the agreed deadline.

“Goodwill Industries of Middle Georgia has filed a police report with the Morgan County Sheriff’s Office in Madison, Georgia, regarding the misuse of the Goodwill corporate credit card. Goodwill is cooperating fully with its insurance company and law enforcement to ensure the matter is properly investigated and dealt with, ”Stiff said. “Goodwill is committed to being a good steward of the resources that enable the organization to lift people out of poverty. “

For now, Goodwill is not looking to indict Ligon, but Stiff has said that will not be ruled out as an option in the future.

“This is just the first step,” Stiff said. “Right now it’s in the hands of the insurance company and they will investigate further than even our auditor has done. We won’t know what the next steps are until this is complete, but it is incorrect to say that no criminal charges will be sought in the future. “

Ligon did not return the Morgan County Citizen’s request for comment at the time of posting on Friday, August 27. Ligon, an active member of the local community who sits on several financial boards, is currently a partner of strategic services firm CFO SeatonHill. The partners.

Ligon’s career biography on LinkedIn lists him as the former chairman of the Georgia College and State University Business School advisory boards; Chairman of the Audit Committee of the City of Madison, Georgia; founding member, treasurer and administrator of the Morgan County Foundation for Excellence in Public Education Foundation; YoungLife Morgan County Treasurer and Finance Chairman of the Georgia Association of Charter Schools Board of Trustees.

According to Ligon’s executive profile on seatonhill.com, “Tim is an accomplished real estate and finance director, senior finance director and board advisor with over 30 years of experience in business growth, management corporate risk and corporate financial governance for leading public and private companies. retail businesses, hotels, family businesses and service businesses. Tim is currently a partner at SeatonHill Partners. He was previously CFO of Goodwill Industries, where he was very successful in repositioning Goodwill operations resulting in increased cash flow by over 300% and leading selection, bond financing and equity investment in a new 95,000 square foot campus. Prior to Goodwill Industries, Tim was CFO and Executive Vice President of Nexcen Franchise Management, Vice President and Corporate Controller of Avado Brands and Director of Operations at Ligon Enterprises, a family-owned food company. He has expertise in setting up accounting procedures and controls to help boards meet fiduciary financial reporting, compliance and disclosure requirements. He holds a bachelor’s degree in finance and marketing, extensive training in graduate accounting, and is a CPA and CFMA.

Stiff said Goodwill takes all accusations of theft seriously, due to the company’s mission to improve the lives of vulnerable populations.

According to a press release from Goodwill Industries of Middle Georgia, Inc., income from the sale of donated items and other community investments provides funding to subscribe for services to people facing barriers to employment. Over 86 cents of every dollar generated by Goodwill goes directly to underwriting education, skills training and job placement programs in a 35-county service delivery area. In 2019, Goodwill Industries of Middle Georgia served 17,566 people, placed 6,732 people in competitive jobs and had a positive economic impact of $ 210.5 million.

Goodwill Industries of Middle Georgia, Inc. is a member of Goodwill Industries International, which is a federation of 156 independent goodwill organizations, and is governed by a local volunteer board of directors.


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Western Carolina University – Dixon Hughes Goodman’s unwavering support for accounting students continues https://www.tomaszpietak.com/western-carolina-university-dixon-hughes-goodmans-unwavering-support-for-accounting-students-continues/ https://www.tomaszpietak.com/western-carolina-university-dixon-hughes-goodmans-unwavering-support-for-accounting-students-continues/#respond Thu, 26 Aug 2021 18:20:22 +0000 https://www.tomaszpietak.com/western-carolina-university-dixon-hughes-goodmans-unwavering-support-for-accounting-students-continues/ WCU Stories August 26, 2021 By Geoff Cantrell Western Carolina University’s Dixon Hughes Goodman Accountancy Program recently reached a milestone with its namesake benefactor. Thanks to the generosity of alumni at the accounting firm, a pledge of $ 1 million was not only kept, but exceeded in just six years after it was made. In […]]]>

By Geoff Cantrell

Western Carolina University’s Dixon Hughes Goodman Accountancy Program recently reached a milestone with its namesake benefactor.

Thanks to the generosity of alumni at the accounting firm, a pledge of $ 1 million was not only kept, but exceeded in just six years after it was made.

In 2015, WCU graduates working for the firm – 50 at the time – announced that they were coming together to unite their support for the success of accounting students. “WCU’s legacy of developing leaders in accounting and business is very important to me as many of our partners, employees and clients have graduated from the program,” said Ken Hughes, 1974 graduate and co-founder. of the company. “I hope that DHG’s donation will help ensure the sustainability of qualified professionals in the accounting profession for many years to come.

Donations and gifts would make possible a variety of initiatives in their alma mater, including scholarships, internship assistance and support for participation in academic competitions and research, professional development programs, summer studies and scholarships. The community, in turn, would also benefit from the program’s top-notch graduates, emerging leaders, and dedicated civic engagement.

The university later renamed the accounting program in recognition of the company’s commitment. Now known as DHG, the nationally listed company serves clients in all 50 states and internationally.

“At DHG, our goal is to improve the lives of our team members, our customers and our communities. One way to do this is to support universities like WCU, ”said CEO Matt Snow. “We believe our support helps build the future of our profession and strengthen the communities we serve. We are proud to partner with WCU in this way.

WCU’s Accounting program focuses on developing students’ knowledge of general affairs, auditing, taxation, and other accounting-related functions. The emphasis is on critical thinking and decision-making skills.

“DHG’s support has dramatically expanded our ability to provide learning experiences for undergraduate and graduate students, including professional activities here locally and abroad,” said Susan Swanger, professor of accounting at DHG accounting program.

The resources provided by the DHG Endowment have helped accounting programs help students experience accounting on the international stage. The funds have supported an international accounting course which includes a travel component to England and the Netherlands.

“Through DHG’s support for internships, office visits, leadership programs and social events, accounting students have been introduced to professional accounting staff at a wide range of career stages. They had the opportunity to interact and engage with these professionals and learn more about a career in accounting, ”said N. Leroy Kauffman, professor of accounting.

“The contribution of DHG staff has also been a critical component in helping us keep our program in step with what the profession needs from junior accountants,” he said. “They have been actively engaged on our Advisory Board, along with other accounting professionals, to provide real-world feedback on the changing demands of the profession. This is a valuable link for the accounting faculty and helps keep the program up to date.

A recent successor of the Dixon Hughes Goodman Fellowship is Heather Brady, 2019 graduate. She is now an audit associate for the Atlanta firm and volunteers as a mentor for WCU students, willing to provide guidance just like her. had been, which later helped him launch his career.

“WCU faculty and staff care about their students,” Brady said. “They always pushed me to apply for things. They were passionate about my success.


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How to plan for retirement in a gig economy https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy-3/ https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy-3/#respond Thu, 26 Aug 2021 14:00:00 +0000 https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy-3/ Bbe your own boss. Make your own schedule. Take control of your career. These and other benefits, including not worrying about being cut back by your business, keep professionals self-employed at all times. In fact, the concert economy continues to grow year after year. How big is the concert? Quite huge. The month before the […]]]>

Bbe your own boss. Make your own schedule. Take control of your career. These and other benefits, including not worrying about being cut back by your business, keep professionals self-employed at all times. In fact, the concert economy continues to grow year after year.

How big is the concert? Quite huge. The month before the 2020 pandemic explosion, CNBC reported that independent contractors made up between 10% and one-third of workers. Then Covid struck, and while some freelancers lost their jobs, others joined the fray in the gig economy in an attempt to protect their jobs from the recession. As a result, Forbes estimates that the percentage of workers in the odd-job economy is expected to hit the 50% mark by 2023.

While the immediate benefits of working for yourself are high, it takes intentionality to think about retirement and what it will look like.

The retirement years, concert style

For concert workers, the idea of ​​retirement is very different from that of an employee with a pension. Professionals in the gig economy only sometimes get help building their wealth. More often than not, they need to take a “we will do it ourselves” approach. It is commendable but difficult. It can also put them at a disadvantage if they do not consider their “future self”.

What’s wrong with waiting until later to start thinking about life after middle age of retirement, than Yahoo! Finance specifies that about 64? The main problem is that it takes time to build a nest egg. Saving for retirement is not like weeds that seem to bloom overnight. They are more like trees which, once planted, take decades to grow. This means that the later a gig worker starts saving, the less the money can flourish.

The alternative to being forced to work indefinitely or to live with meager savings in recent years is to start planning for retirement early. While the topic may seem daunting, saving money for retirement doesn’t have to be difficult or overwhelming.

Even independent entrepreneurs who have never taken an accounting course in their life can do anything, anything, to get ahead. And as Ty J. Young Wealth Management notes, every dollar managed now can increase sevenfold over time. This is especially true for very young entrepreneurs in their twenties and thirties who have just started.

Investing for Retirement When You’re a Gig Economy Worker

The process of setting up a personalized retirement plan begins with understanding the many options available to professionals. Most people don’t realize how many opportunities they have to store and develop their wealth. The more they know, the smarter they can make with the income they earn.

Below are several proven ways to stock up and save for retirement. Of course, each method varies in its risk, but all have been of benefit to countless other workers together. And most of these methods can be deployed quickly to start the process of growing wealth faster.

1. Look in CDs.

Financial institutions, such as banks and credit unions, frequently offer certificates of deposit or CDs. These vehicles can become low-risk, long-term parts of a larger retirement portfolio. The way they work is simple: give money to the financial institution for a specified period of time. In exchange, the financial institution agrees to repay a certain amount of interest when the CD “matures”.

Pretty easy, right? The only downside is that the CD rates are not high. They are normally well below the 1% mark. For example, Bankrate places the five-year CD average at 0.31% in August 2021. This means that $ 1,000 will “turn” into $ 1,015.60 over a five-year period. Not stellar, but better than keeping the money locked in a savings account.

CDs are obviously not good for raising short-term funds. However, when used as part of an overall lifelong wealth building strategy, they can crush anyone’s finances in retirement. The trick is to allow CDs to renew automatically, unless the cash is needed in an emergency. This way the CD becomes a “set it and forget it” part of the background.

2. Set up a private IRA.

Many freelancers and independent contractors don’t realize that it is possible to set up an IRA account without an employer. IRA accounts vary in types, such as Roth IRAs and Traditional IRAs. For example, most IRAs are tax-deferred with tax-free withdrawals. However, all IRAs have caps on the amount that a concert worker can contribute per year.

Setting up an IRA account doesn’t mean hiring a financial advisor, either. Many companies and financial institutions offer people the option of choosing an IRA online. However, workers should spend time knowing the pros and cons of each IRA before making a decision. They should also commit to regularly investing money in their IRA if they can. Otherwise, the IRA will have no chance to evolve. That being said, everyone has a rough year now and then. As a result, gig workers may vary on their annual IRA contributions, especially when they are just starting out.

It should be noted that it may be possible to transfer a 401k from a previous employer into an IRA. This may be an appropriate decision for someone who has worked for a company but has entered entrepreneurial circles.

3. Start a 401k solo.

A 401k solo allows concert workers to make contributions as both an employer and an employee.

How much money can be set aside? The IRS has pretty clear guidelines when it comes to contributions for solo 401ks. Example: the amount of the annual contribution for a worker under 50 is $ 19,500 per year. On the employer’s side, the IRS rules are a bit trickier. So it may be worth working with a financial planner on a 401k solo setup, or at least getting some pro advice.

4. Research (and maybe invest in) stocks.

Before going too deep into this tip, it’s important to note that the stock market should never be used as the sole vehicle for anyone’s retirement wealth management. Stocks can fluctuate wildly, although CNN notes that they have historically generated gains of 10%. (That’s pretty impressive, quite frankly.) Yet that’s just an average of all stocks over several decades. The apple stock shot up at one point and became coveted. On the other hand, RadioShack collapsed years ago to the point that the company labeled its own stock as worthless by CNBC.

In other words, the stock market is volatile. Nonetheless, a diversified equity portfolio can work for many people, especially independent entrepreneurs who are young. The younger the wallet is put together, the longer it can work. A New York Times Gen Z investing playbook explains that young people are in a strong position to get real traction with stocks. With the young on their side, they can afford to experiment in a way that a person in their late 50s probably wouldn’t.

Really, stocks are a long term solution. In fact, they’re often used to augment a less risky retirement vehicle like a 401k solo or IRA. Still, that doesn’t mean they should be put on the back burner. Anyone can invest in the stock market, not just the rich and famous.

Harvest gold in the golden years

It’s so hard to imagine life in 40, 50 or 60 years. Consider all the changes that have taken place over the past three decades. The rise of the Internet alone has transformed many industries, right down to the way people communicate. It is also one of the reasons for the rise of work in the general economy of odd jobs.

Still, it’s important to look ahead from time to time, especially when it comes to personal money management habits and opportunities. Being a gig worker can be a challenge for the portfolio, especially at first. Putting aside taxpayer dollars and building a family budget takes time. Nevertheless, the idea of ​​creating a haven of peace for the future remains critical.

No matter how much the landscape changes in the years to come, people will always need money to survive. (People are unlikely to go to other exchanges. Even a cashless company uses the cash principle!) To scale up. And that means they can breathe easier and dive into the gig economy with positivity and seriousness.

By Peter Daisyme for Due.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Ross “Potato Professor” goes viral on TikTok https://www.tomaszpietak.com/ross-potato-professor-goes-viral-on-tiktok/ https://www.tomaszpietak.com/ross-potato-professor-goes-viral-on-tiktok/#respond Tue, 24 Aug 2021 00:06:43 +0000 https://www.tomaszpietak.com/ross-potato-professor-goes-viral-on-tiktok/ It’s not always business as usual when it comes to Assistant Professor Ryan Ball’s accounting class. Earlier this month, an anything but conventional Zoom review session kicked off with a thunderous rendition of “Let’s Get Ready to Rumble!” by Michael Buffer. and an image of the Ross School of Business at the University of Michigan […]]]>

It’s not always business as usual when it comes to Assistant Professor Ryan Ball’s accounting class.

Earlier this month, an anything but conventional Zoom review session kicked off with a thunderous rendition of “Let’s Get Ready to Rumble!” by Michael Buffer. and an image of the Ross School of Business at the University of Michigan on screen. The students, confused but intrigued, danced to the music without knowing exactly what was to come.

Then, in an entry of nothing less than spud-tacular, Ball, with the screen name Dr. Po Tato, suddenly appeared as a floating potato with sparklers and a birthday hat, dancing around it. Zoom screen.

After watching the entire footage unfold, business graduate student Amelia Charamand-Quelas told the Michigan Daily that she wanted to share the show with her family in Argentina.

“The main way (my family and I) communicate due to the jet lag is to just send each other WhatsApps, YouTube videos, and TikTok videos,” Charamand-Quelas said. “I just posted on (TikTok) so that my four subscribers, who were pretty much all family members, can see.”


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Strengthening the pipeline of black CPAs https://www.tomaszpietak.com/strengthening-the-pipeline-of-black-cpas/ https://www.tomaszpietak.com/strengthening-the-pipeline-of-black-cpas/#respond Mon, 23 Aug 2021 19:23:00 +0000 https://www.tomaszpietak.com/strengthening-the-pipeline-of-black-cpas/ A century has passed since John Cromwell became the country’s first black CPA. Meanwhile, he and other pioneers, such as Mary Washington Wylie and Elmer Whiting, have opened new doors for blacks in the profession – but their work is not done, and black CPA models continue to do. break down barriers and encourage young […]]]>

A century has passed since John Cromwell became the country’s first black CPA. Meanwhile, he and other pioneers, such as Mary Washington Wylie and Elmer Whiting, have opened new doors for blacks in the profession – but their work is not done, and black CPA models continue to do. break down barriers and encourage young people. to pursue a career in accounting.

Exposure to the profession and all it has to offer is an important factor for a young person to become a CPA – and the sooner the better, as evidenced by the experiences of three black leaders in the profession.

For example, it was during a career discussion in her third grade class that Kimberly Ellison-Taylor learned that an accountant is someone who “manages the money.” The founder and CEO of KET Solutions decided that accounting was her career and continued her studies in accounting in high school. His college did not offer a specialization in accounting. After earning degrees in information systems management and an MBA, she attended community college in the evenings to take the courses she needed to qualify for the CPA designation. Now head of his own consulting firm, Ellison-Taylor has held global leadership roles at Oracle and was the first black person to chair the American Institute of CPAs and the Association of International Certified Professional Accountants, as well as the first black woman to chair the Maryland Association of CPAs.

Meanwhile, Steven Harris, a partner in charge of the Entrepreneurial Services Group and a partner in the Insurance Services Group of Top 100 Firm RubinBrown, began studying engineering, but a basic college accounting course piqued his interest. His father ran his own wall hanging installation business, and seeing the good and bad advice he received along the way, Harris appreciated the value of a knowledgeable business advisor. An internship at RubinBrown while in college “made it real,” he said. “I started to like the job.

“I’ve always been good at math, but I hadn’t associated it with a career,” said Dorri McWhorter, until she read a book about successful accountants when she was in seventh grade. . She studied accounting in high school and obtained an internship in the accounting department of a local company. “I loved school, and hearing about these opportunities allowed me to focus my energy,” said McWhorter. She became the first black partner of what is now the Top 100 Firm Crowe, CEO of the YWCA of the Metropolis of Chicago, and will soon be the first black person and the first woman president and CEO of the YMCA of the Metropolis of Chicago. She was also the first black president of the Illinois CPA Society.

Join the profession

These models offer a wealth of advice for potential black CPAs:

  • Contact other black professionals. Harris, former president of the National Association of Black Accountants, said the organization gave him a sense of belonging early on, while a local networking group for young minority professionals introduced him to people from all walks of life. “I was able to grow and learn with people who looked like me,” he said. Additionally, a diverse group of mentors – what he calls a “personal advisory board” – is valuable because it can offer different perspectives, “but you need a mentor who can understand what you’re up against”. as a minority, he mentioned.
  • Start networking early. “Surround yourself with people who have similar goals because they will energize you,” Ellison-Taylor said. She suggested having vision sessions with other young professionals to chart your way forward. When it comes to career planning, “you can’t take it for granted,” she said. She also recommended sharing your goals with a mentor or coach so they can help you achieve them. “Remember networking is powerful and to celebrate your accomplishments along the way,” she advised. “Plus, we can’t forget these amazing leaders who paved the way for us as black CPAs. Recognizing that we are standing on the shoulders of giants is not negotiable.
  • Be relentless in seeking feedback. It can help you see your blind spots and fix them, Harris said. It is also essential to recognize the value of a sponsor. “Realize that a lot of important career decisions will be made when you’re not in the room, so think about who will advocate for you in these situations,” he said.
  • Recognize that there is more than one way to be a CPA.“There are so many different aspects to the profession,” McWhorter said. She has spent much of her career using her skills in business and management consulting. “If you understand the drivers of the business, you can apply them to any business,” she said. While at the YWCA, she led an effort to create an exchange-traded fund that invests in companies that advance women’s empowerment and gender equality. The fund donates its asset management fees to the YWCA. “We have to use all the levers available in the market to create change,” she said.

Promote inclusion

As the stories of these CPAs demonstrate, career decisions can often be made very early on based on what can be a haphazard introduction to the profession. Opening the door to more black CPAs may require a more intentional effort to include them, as they are less likely to be introduced to an accounting career through family and community due to the low percentage of Black CPAs in the profession.

“One of the downsides to recruiting is that accountants are heroes behind the scenes,” Harris said. “It will take a collaborative effort among firms, professional organizations and colleges to ensure that potential black CPAs are more exposed to the profession from an early age. “

“Creating a black CPA doesn’t just happen in one step,” said Ellison-Taylor. “There are many people, stages and factors involved. Thinking back on her own journey to the AICPA Chair, she traced her beginnings to: having a vision; lots of mentors, coaches and sponsors; enter college; continue with their CPA; become a volunteer and then a senior executive in his crown corporation; become president of the Maryland State Society and serve on the AICPA board; sit on the Horizon 2025 project and on the business and industry executive committee; be selected for the AICPA Board of Directors and be successfully appointed to the position of AICPA Vice-President and then President.

This is only one path, she noted – studying the many paths and barriers to success can help identify the best ways to introduce black students to the profession and support them on their journey.

“We have to open these doors so that we can be at the table and participate,” said McWhorter. “If you’re the first, then the goal is to get the second and the third, and so on until you can stop counting.”

2021 marks the 100th anniversary of the first black CPA, and the Black CPA Centennial is a year-long effort to honor, celebrate, and build on the progress black CPAs have made in shaping the accounting profession. The celebration is a collaborative effort of the American Institute of CPAs, the Diverse Organization of Firms, the Illinois CPA Society, the National Association of Black Accountants, and the National Society of Black CPAs.

This article is part of a series celebrating the centennial through profiles of some of the top 100 black CPAs as well as others who paved the way and paved the way for future diversity in the profession.

Other articles in this series include:


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Delhi government launches entrepreneurship course in schools, student does 50 lakh business from 50,000 https://www.tomaszpietak.com/delhi-government-launches-entrepreneurship-course-in-schools-student-does-50-lakh-business-from-50000/ https://www.tomaszpietak.com/delhi-government-launches-entrepreneurship-course-in-schools-student-does-50-lakh-business-from-50000/#respond Sun, 22 Aug 2021 13:52:52 +0000 https://www.tomaszpietak.com/delhi-government-launches-entrepreneurship-course-in-schools-student-does-50-lakh-business-from-50000/ Image with Kajal shared on Facebook by @ManishSisodiaAAP New Delhi: A student at a Delhi public school started her own business with a turnover of over Rs 50 lakh, Deputy Chief Minister Manish Sisodia said. “Public school student Kajal took accounting classes after school, worked for a few months and then started working by starting […]]]>

Image with Kajal shared on Facebook by @ManishSisodiaAAP

New Delhi: A student at a Delhi public school started her own business with a turnover of over Rs 50 lakh, Deputy Chief Minister Manish Sisodia said.

“Public school student Kajal took accounting classes after school, worked for a few months and then started working by starting his own business. There are 20 employees per year, 300 companies across the country take their services.

The entrepreneurship curriculum will become the backbone of the country’s economy, ”he said in a Facebook post.

Kajal graduated from the government’s upper secondary school for girls in the enclave of Vasundhara. After passing class 12 in 2017 of commerce, she started her own business after graduating. Before starting the business, she also gained some experience of a job in another location for a few days.

Made a business of Rs 50 lakh from Rs 50,000

Kajal invested Rs 50,000 for the opening of the business, which now has an annual turnover of almost Rs 50 lakh. The company provides services to 300 companies across the country. His startup’s job is to provide accounting-related services to other companies.

Kejriwal government launched entrepreneurship course

Sisodia said the Kejriwal government launched the entrepreneurship course in Delhi. “With this, the government’s goal is that instead of turning students into job seekers, they become job providers. Students can start their own business after completing their studies. This will increase employment opportunities in the country. The Kejriwal government believes that the Entrepreneurship Course (EMC) will be the foundation of the country’s economy. “


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How to plan for retirement in a gig economy https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy/ https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy/#respond Sun, 15 Aug 2021 17:03:45 +0000 https://www.tomaszpietak.com/how-to-plan-for-retirement-in-a-gig-economy/ Be your own boss. Make your own schedule. Take control of your career. These and other benefits, including not worrying about being cut back by your business, keep professionals self-employed at all times. In fact, the concert economy continues to grow year after year. How big is the concert? Quite huge. The month before the […]]]>

Be your own boss. Make your own schedule. Take control of your career. These and other benefits, including not worrying about being cut back by your business, keep professionals self-employed at all times. In fact, the concert economy continues to grow year after year.

How big is the concert? Quite huge. The month before the 2020 pandemic explosion, CNBC reported that independent contractors made up between 10% and one-third of workers. Then Covid struck, and while some freelancers lost their jobs, others joined the fray in the gig economy in an attempt to protect their jobs from the recession. As a result, Forbes estimates that the percentage of workers in the odd-job economy is expected to hit the 50% mark by 2023.

While the immediate benefits of working for yourself are high, it takes intentionality to think about retirement and what it will look like.

The retirement years, concert style

For concert workers, the idea of ​​retirement is very different from that of an employee with a pension. Professionals in the gig economy only sometimes get help building their wealth. More often than not, they need to take a “we will do it ourselves” approach. It is commendable but difficult. It can also put them at a disadvantage if they do not consider their “future self”.

What’s wrong with waiting until later to start thinking about life after middle age of retirement, than Yahoo! Finance specifies that about 64? The main problem is that it takes time to build a nest egg. Saving for retirement is not like weeds that seem to bloom overnight. They are more like trees which, once planted, take decades to grow. This means that the later a gig worker starts saving, the less the money can flourish.

The alternative to being forced to work indefinitely or to live with meager savings in recent years is to start planning for retirement early. While the topic may seem daunting, saving money for retirement doesn’t have to be difficult or overwhelming.

Even independent entrepreneurs who have never taken an accounting course in their life can do anything, anything, to get ahead. And as Ty J. Young Wealth Management notes, every dollar managed now can increase sevenfold over time. This is especially true for very young entrepreneurs in their twenties and thirties who have just started.

Investing for Retirement When You’re a Gig Economy Worker

The process of setting up a personalized retirement plan begins with understanding the many options available to professionals. Most people don’t realize how many opportunities they have to store and develop their wealth. The more they know, the smarter they can make with the income they earn.

Below are several proven ways to stock up and save for retirement. Of course, each method varies in its risk, but all have been of benefit to countless other workers together. And most of these methods can be deployed quickly to start the process of growing wealth faster.

1. Look in CDs.

Financial institutions, such as banks and credit unions, frequently offer certificates of deposit or CDs. These vehicles can become low-risk, long-term parts of a larger retirement portfolio. The way they work is simple: give money to the financial institution for a specified period of time. In exchange, the financial institution agrees to repay a certain amount of interest when the CD “matures”.

Pretty easy, right? The only downside is that the CD rates are not high. They are normally well below the 1% mark. For example, Bankrate places the five-year CD average at 0.31% in August 2021. This means that $ 1,000 will “turn” into $ 1,015.60 over a five-year period. Not stellar, but better than keeping the money locked in a savings account.

CDs are obviously not good for raising short-term funds. However, when used as part of an overall lifelong wealth building strategy, they can crush anyone’s finances in retirement. The trick is to allow CDs to renew automatically, unless the cash is needed in an emergency. This way the CD becomes a “set it and forget it” part of the background.

2. Set up a private IRA.

Many freelancers and independent contractors don’t realize that it is possible to set up an IRA account without an employer. IRA accounts vary in types, such as Roth IRAs and Traditional IRAs. For example, most IRAs are tax-deferred with tax-free withdrawals. However, all IRAs have caps on the amount that a concert worker can contribute per year.

Setting up an IRA account doesn’t mean hiring a financial advisor, either. Many companies and financial institutions offer people the option of choosing an IRA online. However, workers should spend time knowing the pros and cons of each IRA before making a decision. They should also commit to regularly investing money in their IRA if they can. Otherwise, the IRA will have no chance to evolve. That being said, everyone has a rough year now and then. As a result, gig workers may vary on their annual IRA contributions, especially when they are just starting out.

It should be noted that it may be possible to transfer a 401k from a previous employer into an IRA. This may be an appropriate decision for someone who has worked for a company but has entered entrepreneurial circles.

3. Start a 401k solo.

A 401k solo allows concert workers to make contributions as both an employer and an employee.

How much money can be set aside? The IRS has pretty clear guidelines when it comes to contributions for solo 401ks. Example: the amount of the annual contribution for a worker under 50 is $ 19,500 per year. On the employer’s side, the IRS rules are a bit trickier. So it may be worth working with a financial planner on a 401k solo setup, or at least getting some pro advice.

4. Research (and maybe invest in) stocks.

Before going too deep into this tip, it’s important to note that the stock market should never be used as the sole vehicle for anyone’s retirement wealth management. Stocks can fluctuate wildly, although CNN notes that they have historically generated gains of 10%. (That’s pretty impressive, quite frankly.) Yet that’s just an average of all stocks over several decades. The apple stock shot up at one point and became coveted. On the other hand, RadioShack collapsed years ago to the point that the company labeled its own stock as worthless by CNBC.

In other words, the stock market is volatile. Nonetheless, a diversified equity portfolio can work for many people, especially independent entrepreneurs who are young. The younger the wallet is put together, the longer it can work. A New York Times Gen Z investing playbook explains that young people are in a strong position to get real traction with stocks. With the young on their side, they can afford to experiment in a way that a person in their late 50s probably wouldn’t.

Really, stocks are a long term solution. In fact, they’re often used to augment a less risky retirement vehicle like a 401k solo or IRA. Still, that doesn’t mean they should be put on the back burner. Anyone can invest in the stock market, not just the rich and famous.

Harvest gold in the golden years

It’s so hard to imagine life in 40, 50 or 60 years. Consider all the changes that have taken place over the past three decades. The rise of the Internet alone has transformed many industries, right down to the way people communicate. It is also one of the reasons for the rise of work in the general economy of odd jobs.

Still, it’s important to look ahead from time to time, especially when it comes to personal money management habits and opportunities. Being a gig worker can be a challenge for the portfolio, especially at first. Putting aside taxpayer dollars and building a family budget takes time. Nevertheless, the idea of ​​creating a haven of peace for the future remains critical.

No matter how much the landscape changes in the years to come, people will always need money to survive. (People are unlikely to go to other exchanges. Even a cashless company uses the cash principle!) To scale up. And that means they can breathe easier and dive into the gig economy with positivity and seriousness.



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His slice of life | Manila weather https://www.tomaszpietak.com/his-slice-of-life-manila-weather/ https://www.tomaszpietak.com/his-slice-of-life-manila-weather/#respond Sat, 14 Aug 2021 12:42:21 +0000 https://www.tomaszpietak.com/his-slice-of-life-manila-weather/ Read this in the digital edition of The Manila Times. The 31-year-old entrepreneur started his business to satisfy market cravings and honor his mother’s culinary heritage. Paul Pamaran Zamora laughs at the time in his young life when he dreamed of being a scientist. He believes he probably found his true calling as an elementary […]]]>

Read this in the digital edition of The Manila Times.

The 31-year-old entrepreneur started his business to satisfy market cravings and honor his mother’s culinary heritage.

Paul Pamaran Zamora laughs at the time in his young life when he dreamed of being a scientist. He believes he probably found his true calling as an elementary school student at the Tabernacle of Faith Christian Academy in San Juan, Metro Manila. He recalls: “I was getting P40 from my Lola Aniceta, and I was spending P20 to buy soft drinks in the school cafeteria, which my parents ran.

“With the money I saved, I bought stationery and school supplies like pens that I would sell to my classmates. At one point I had 4000 P, which I was using. to set up a chocolate stand in our canteen. “

Paul John Pamaran Zamora Owner and Chef Baker Lulu’s Pies

It was memorable for him as he was able to buy a Nokia 5110 phone with his earnings when he was only in 4th grade.

Growing up, he saw how his parents Bart and Marilou ran their various businesses with total dedication. “My mom and dad were bankers, but when they got married they decided to go into business. Dad started in a machine shop and mom turned to food. They ran canteens and had a catering business and pizzeria. Mom loved to cook. and took pastry classes with Sylva Reynoso Gala. She developed her own recipes and kept them in a notebook. For over a decade she provided desserts to a chain of buffet restaurants.

Of the couple’s three children, Paul was the most involved in his mother’s activities. By the time he was in college, he was working on setting up the table for his restoration work and helping him bake his pies. He recalls, “My dad and I wove scabs when the others in the kitchen were busy. The ubiquitous dessert formed the basis of his current business, Lulu’s Pies – “Lulu” being the nickname his grandfather, the late Judge Manuel Pamaran, affectionately referred to as his mother. Sadly, she passed away in November 2019, and her business is her way of honoring her legacy.

Act of faith

Apparently, Paul has always been labeled to take on the role of baker-entrepreneur. With a penchant for good food that bound the family together, Paul decided to take a course in hospitality, catering and management of institutions at the College De La Salle in Saint-Bénilde, specializing in the culinary arts, followed by further studies at abroad for a year. . “I would have liked to go into the hospitality or tourism branch of the course, but then I thought that with my mother already having a food business, taking a cooking course would be useful in the long run,” he says. He took over his parents’ pizzeria and turned it into a cafe called Baci’s Sweets, backed by his mother’s unwavering support.

Paul was able to enter the tourism industry as a flight attendant in 2019, but was made redundant due to the current Covid-19 situation. Even that high-flying career that her mother approved of as she had also wished to become a flight attendant, but had been convinced to take accounting classes by her father.

It is not certain that Paul will take off again, as he now has his hands full with the business. He started as a lone pastry chef in April 2020, modifying his mother’s recipe only slightly and changing the packaging in cans so that the product was more stable to transport. “I started out by shopping around and giving free samples to my friends and posting them on social media,” he says.

The reaction from those who try his products has been instant and heartwarming. He said, beaming, “My customers call it a ‘Ratatouille moment,’ referring to the scene from the Disney movie of the same name, when a food critic takes a bite of the single dish and is brought back to his mother’s kitchen. say their moms also made apple pies, and it reminds them of their childhood.

“With a capital of 5,000 pesos, I started by offering my apple pies and chicken pies to be delivered only three days a week – Mondays, Wednesdays and Fridays. It started with 20 orders on a Monday. On Wednesday my order was 30 years old, then Friday 60 years old. My father helped me prepare them. The volume of orders reached such a point that I needed more bakers. ”Unable to meet the demand on his own, he has already hired three pairs of helping hands.

It was at this time that he also thought of offering new bakery products. “As I already had staff with me, I could start to develop my product line. I knew my business shouldn’t stand still. My mom had an ensaymada recipe in her notebook, and I decided to give it away too.

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