HSC Communication – Coronavirus

The health and well-being of our team members, families, clients, and communities is of the utmost importance to HSC.  We are closely monitoring the local coronavirus (COVID-19) developments and the guidance of national, state and local health agencies.  As a result, we are implementing necessary precautions to protect the health and safety of our people, families, clients, office visitors and others.

In addition, HSC is making every effort to ensure that this situation will not affect the timeliness or quality of the work we are doing for you, our valued clients.

Client Service, Flexibility, and Remote Work

At this point, the April 15th deadline has not changed (although it has been proposed) and what we must accomplish to assist you in meeting your tax compliance requirements remains the same.  Given this, we commit to continue to serve your needs and provide our ongoing high standard of service. If deadlines get extended, we will inform you as well as provide additional guidance.

Our technology and processes will enable our team members to continue to serve your needs remotely if the need arises.

In addition, our team members have the spirit and desire to do what is necessary to help meet your important deadlines and continue to serve your needs.

HSC Team Members at Your Location

It is critical that HSC maintain a high level of service to you during this time, as well as following good practices to help keep your workplaces healthy.  Therefore, our team members have been instructed with the following guidelines.

  1. Do not work at your site if they, or a member of their family, is sick.
  2. Connect with you to ensure that your site is open, that you want them to come.
  3. Follow our communicated health hygiene practices and understand any guidelines you might want them to follow.
  4. If you do not want them to come onsite, we will work with you to determine what can be remotely coordinated with you.
  5. If there is any anticipated impact to your deliverables or deadlines, to communicate with you early and co-develop a revised plan of action.

If you have any concerns or questions about our teams working on site, please contact a member of your HSC team.

Resilience in uncertain times

The last several days have resulted in a deep sense of uncertainty that all of us have rarely, or perhaps have NEVER, experienced in our lifetime.  But, I remain certain of no less than three things at HSC:

  1. We have a resilient and awesome team at HSC,
  2. We are blessed with a rare and special culture, and
  3. We and you, our clients, will work in partnership through this situation together.

Thank you for being a valued client!

 

 

Scott A. Olinger, CPA
President and CEO         

Summer Leadership Experience

Summer Learning Experience

Apply for the Harding Shymanski Leadership Experience, where you will explore public accounting within our firm.

  • Meet our team members, like-minded peers, and begin to build a professional network.
  • Gain valuable insight into our firm’s culture and have an opportunity to ask our multi-department panel your questions.
  • Our firm wants to inspire you to become the next generation of professionals and equip you with the necessary information to make a successful career choice.

Program Dates: June 18-19, 2020

Application Deadline: April 20, 2020

Click Here to apply.

HSC Welcomes Five Interns and Seasonal Employees

Harding Shymanski & Company, P.S.C. would like to welcome five interns and seasonal employees!

From top left Madelyn Happe, Audit Intern; Bailey Sierota, Tax Intern; Kenneth Garcia, Audit Intern.

Not pictured: Andrew Zieg, Audit Intern; Billie Heckle, Tax Associate.

HSC Welcomes Ten Full-Time Employees

Harding, Shymanski, & Company, P.S.C. is excited to welcome ten full-time employees.

From Top Left: Austin Barron, Audit Department; Lauren Branch, Audit Department; Nicole Dorion, Administration; Austin Graber, Tax Department; Jack Gutermuth, Audit Department; Regan Hedinger, Tax Department; Ina Nora, Tax Department; Nora Schindler, Tax Department; Madison Schuler, Tax Department; David Tribbett, Tax Department.

2019 Holiday Hours

We will be closing our offices in celebration of the Christmas and New Year’s holidays. Our holiday schedule will be:

  • December 23 (Monday) – Closed
  • December 24 (Tuesday) – Closed
  • December 25 (Wednesday) – Closed
  • December 31 (Tuesday) – Offices will close at 4:00 p.m. local time
  • January 1 (Wednesday) – Closed

From our family to yours, we wish you a very Merry Christmas and prosperous New Year!

Elpers to Lead the Accounting & Auditing Department for Harding, Shymanski and Company, P.S.C.

Vice President Greg Elpers, CPA, has been named to lead the Accounting & Auditing Department for Harding, Shymanski & Company, PSC effective January 1, 2020. Elpers assumes responsibility for the department from Vice President Dave Papariella, CPA, as part of the firm’s internal succession plan.

“The A&A Department has an experienced, strong group of leaders that have and will continue to provide excellent service to our clients,” said Papariella. “They embrace the continuing changes in the landscape of the profession ranging from new accounting standards to ever-evolving technology. Greg has great relationships with his peers and brings a collaborative approach that will serve our clients and our team well. It has been a privilege to work with and lead this group for the past 12 years.”

A Vice President in our Accounting & Auditing Department, Elpers has been with the firm since 1996. He works closely with and provides accounting, auditing, and consulting services primarily for clients in the construction, manufacturing, and non-profit industries as well as in the firm’s employee benefit audit niche. Elpers also serves as co-leader of the firm’s Construction Team.

“I’m both honored and excited to have the opportunity to step into this new role and continue the high level of quality Dave has instilled throughout our department these past 12 years,” Elpers said. “We have a tremendous amount of talent and a strong group of leaders within our department. I look forward to working with our team as we position ourselves to meet the challenges that face our industry, continue to grow the department, and to provide excellent client service through our long-standing one-firm, one-team culture.”

Elpers is a graduate of the University of Evansville with a Bachelor of Science degree in accounting. He is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society and has obtained the Certified Construction Auditor (CCA) designation. He currently serves as an Advisory Board Member for The Salvation Army and is a past Chairman of the Advisory Board. In addition, he has previously served as a board member for the Evansville Redevelopment Commission and the Legal Aid Society. He has previously been a featured speaker and panelist at the national RSM construction accounting conference and has authored an article published by the national CFMA Building Profits construction magazine.

Will You Qualify for the New Pass-Through Deduction?

If your rental real estate is being treated as a trade or business, in order to receive the QBI deduction, be sure that Forms 1099 are filed for all required recipients.

The recent Tax Cuts and Jobs Act introduced the new Qualified Business Income (QBI) deduction. This allows certain trades or businesses, subject to limitations, to deduct 20% of business income.

The final regulations offer unclear rules as to determining whether a rental real estate activity qualifies as a trade or business for QBI purposes. The regulations state that one factor in treating a rental activity as a trade or business for QBI purposes is whether the taxpayer complies with the requirements of information reporting. This requires the taxpayer to file Forms 1099 for all required recipients.

Form 1099-MISC would be required to be sent to any non-corporate service provider (lawn service, maintenance, repairs, etc.) that was paid at least $600 in 2019. 2019 Form 1099-MISC returns are due to the recipient AND IRS by January 31, 2020. Penalties apply for each failure to file a timely return and each failure to furnish the recipient’s taxpayer identification number. The penalties that can be levied for unreported or incorrectly reported information returns may exceed the benefit received from the QBI deduction.

Tax Clerical Internship

We are currently seeking Sophomore and Freshman college students for Tax Clerical Internships in our Evansville Office. This internship is the perfect way to get your foot in the door and could potentially lead to a Tax Internship, and even full-time employment!
 
The internship will begin in January and extend through April 15th, averaging 20 hours a week. We will be flexible with your school schedule!
 
To apply for this position, please email your resume and spring school schedule to mcox@hsccpa.com.

HSC Offices Close Early

Our office will close early December 6th, for the firm’s Christmas party. Our Evansville office will close at 3:30 p.m. and the Louisville offices will close at 2:00 p.m. local time today.

Thanksgiving Holiday Observed

HSC offices will close at 4:00 p.m. (local time) on Wednesday, November 27th and will reopen on Monday, December 2nd in observance of the Thanksgiving holiday.

We are thankful for the opportunity to serve our clients and for our employees who work so hard throughout the year.

Happy Thanksgiving!