Somerset News Releases

Jason Mangus Joins the Somerset Health Care Team

Melissa Farmer — Fri, 13 Jan 2012 15:39:33 +0000

Jason Mangus recently joined Somerset CPAs as a financial analyst on our Health Care Team. Prior to joining Somerset, Jason gained industry experience with two Big Four firms where he conducted consulting and compliance services for mid to large-sized businesses in a variety of industries. He also worked for one of the world’s largest medical device manufacturers where he performed finance and accounting services. Jason has served in the U.S. Army for several years and is currently a reserve component Officer. He graduated with a B.S. in accounting and finance from the Kelley School of Business at Indiana University-Bloomington and is presently pursuing his Master’s and Law degrees at Indiana University-Indianapolis. Jason is a member of the American Institute of CPAs and has applied for membership with the Indiana CPA Society.

Seeking Victory Field Suite Partner for 2012

Melissa Farmer — Thu, 12 Jan 2012 21:33:53 +0000

Somerset is looking for a suite partner for the 2012 Indianapolis Indians season at Victory Field. Here are the details:

There are 72 home games, first one is Friday, April 13. Our suite is a 15-person suite, so there are 15 tickets and 3 parking passes for each game. The number of games and cost are as follows:

1/2 Season Suite Partner, 36 games, $16,750
1/3 Season Suite Partner, 24 games, $11,167
Single game rental also available, $465

Food and beverage are sold separately by Aramark. A 1/2 or 1/3 season suite partner, would receive their company name on the door plaque.

Somerset would split the games equitably by the day of the week and time of day. Special requests will be considered. Please contact Melissa Farmer to discuss.

Visit the Indianapolis Indians online for their 2012 schedule and more…

Somerset Promotions

Melissa Farmer — Tue, 10 Jan 2012 22:17:42 +0000

We are pleased to announce recent promotions. The following have been promoted to the position of Senior Accountant:

Lindy Hylton
Jennifer Budreau
Brandon Walters
Lauren Greene

Kim Dollin has been promoted to the position of Supervisor.

Andy Toth has been promoted to the position of Manager.

Becky Fromm and Steve Shoemaker were promoted to the position of Senior Manager.

Congratulations to all of them!

Guard Against Fraud: How to Protect Your Organization

Melissa Farmer — Mon, 09 Jan 2012 14:25:08 +0000

Ken Stalcup, CPA, CFE, CFF was recently interviewed and quoted in this article, “Guard Against Fraud: How to Protect Your Organization,” for American Express Open Forum. Read article…

2012 Farm Tax Strategies Seminars

Melissa Farmer — Fri, 06 Jan 2012 15:14:00 +0000

At the end of 2012, significant tax benefits are set to expire. There are unprecedented income, estate and inheritance tax planning opportunities that every land owner should understand.

Please join us for one of our free Farm Tax Strategies Seminars–dinner will be served. We will explain the opportunities available in simple, understandable terms and answer all your questions.

There is no fee to attend any of our seminars, and dinner is included. Speakers from Somerset CPAs will include Pat Early, CPA, CFP; Michael Fritton, CPA; Dan Dickerson, CPA and Larry Dykes, CLU, ChFC, AAMS.

January 17 - Ft. Wayne
January 31 - Covington
February 15 - Portland
February 28 - Mooresville
March 21 - Lebanon

Details and Registration

Craig Todderud Joins Somerset

Melissa Farmer — Tue, 03 Jan 2012 13:46:38 +0000

Craig Todderud recently joined Somerset as a staff accountant on our Entrepreneurial Team. Prior to joining our firm, he gained industry experience as a staff tax and audit accountant for another CPA firm in Indianapolis. Craig received his B.S. in accounting and finance in 2009 from Ball State University. He is a member of the Indiana CPA Society. Craig volunteers as treasurer of the Indiana Zeta Housing Corporation. Craig can be reached at 317-472-2595 or ctodderud@somersetcpas.com.

Mel Kleinert Joins Somerset as Recruiting Manager

Melissa Farmer — Tue, 03 Jan 2012 13:43:22 +0000

Mel Kleinert joined Somerset as Recruiting Manager in December 2011 with extensive industry recruiting experience. She is responsible for all internal and campus recruiting for the firm. Prior to joining Somerset, Mel worked as Assistant Director, Career Services for Ivy Tech Community College where she developed and delivered career events and workshops as well as advised students on career options. Mel started her career in recruiting with a Big Four firm followed by a global diversified industrial firm. She is a graduate of Ball State University with a B.A. degree in Journalism. Mel can be reached at 317-472-2280 or mkleinert@somersetcpas.com.

How Small Business Owners Can Curb Employee Fraud

Melissa Farmer — Tue, 20 Dec 2011 13:58:52 +0000

Somerset’s Ken Stalcup is quoted in this article from Fox Small Business. In addition to being a CPA, Ken is Certified in Financial Forensics and is a Certified Fraud Examiner: http://bit.ly/vipl8X

Year-End Tax Letters for Individuals and Businesses

Melissa Farmer — Mon, 19 Dec 2011 13:19:48 +0000

We’ve recently published Year-End Tax Letters for Individuals and Businesses.

Individual income taxes, whether paid through employer withholdings or quarterly estimates, are probably one of your largest annual expenditures. So, just as you would shop around for the best price for food, clothing or merchandise, you want to consider opportunities to reduce or defer your annual tax obligation. This Tax Letter is intended to assist you in that effort. Also, at the end of this Tax Letter is a list of federal tax law provisions to help individuals save and pay for higher education costs: http://bit.ly/vnXcGK
The time to consider tax-saving opportunities for your business is before its tax year-end. Some of these opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation or regular corporation. Other opportunities may apply only to a particular type of business organization. This Tax Letter is organized into sections discussing year-end and year-round tax-saving opportunities: http://bit.ly/sfbZFC

Jon Schwander Joins Somerset

Melissa Farmer — Thu, 08 Dec 2011 22:18:30 +0000

Jon recently joined Somerset CPAs as manager in our Entrepreneurial Team. Prior to joining us, he gained industry experience with a national CPA firm where his client base consisted of private equity firms, property management, commercial and residential real estate development and construction companies. He also acted as a marketing manager focusing on business development through technology and strategic process management. Jon is a graduate of Taylor University where he earned a B.S. in Accounting Systems. He is a member of the Indiana CPA Society and their Emerging Leaders Alliance. Jon’s community involvement includes providing back office support for annual silent auctions for Providence Cristo Rey High School and Seeds of Hope, Inc.