Matter & Substance

Thoughts from our industry
to help Businesses and Individuals

June 5, 2014

Why Do CPA Firms Merge?

Mowery & Schoenfeld has merged/acquired three certified public accounting (CPA) firms in the last five years. We are very happy with our decisions. Our industry is in the midst of a wave of consolidation. So why do CPA firms...

May 29, 2014

Book Review by Jeff Mowery: “Start With Why” by Simon Sinek

“Start With Why: How Great Leaders Inspire Everyone to Take Action” was Simon Sinek’s first effort and was written in 2009. I recently discovered it and thought it would be helpful for entrepreneurs. This book is based on what...

May 13, 2014

Leading a Business Through Ebbs and Flows

As the managing partner of an accounting firm, leading a business through ebbs and flows ranks very high on my priority list – EVERY year. January through April are unmistakably exciting times in a CPA firm and a key...

April 29, 2014

The United States Transportation System: Our Huge Advantage

The United States enjoys a huge competitive advantage among other nations due to our transportation system. No country in the world has a system like that of the United States which combines geography and constructed assets. The Mississippi River...

April 23, 2014

Thinking of Changing Your Residence for Tax Purposes? There are Many Considerations.

The increase in Illinois tax rates was supposed to be temporary but now it appears headed towards permanence. There are proposals to change Illinois tax rates to graduated tax rates instead of the current flat tax rate system. An...

April 14, 2014

Today We Celebrate

April 15 – It means many different things to so many people. Some happily await their refunds while others begrudgingly write their checks. Then there is always the race to the post office at the last minute. At Mowery...

April 7, 2014

Moments of Truth

Every organization no matter how big or small has moments of truth. Moments of truth are often felt when core values are challenged – usually by external forces. How a business reacts during these moments speaks volumes about the...

March 27, 2014

Book Review: “The One Thing” by Gary Keller with Jay Papasan

Gary Keller is the chairman of Keller Williams which is the largest real estate company in the United States. Gary and his colleague Jay Papasan have written The One Thing which is about focusing on the one most important...

March 17, 2014

More Accounting Graduates than Ever

According to an AICPA study, there are more people entering the field of accounting than ever. For many years, there were about 50,000 accounting degrees awarded per year. Beginning in 2002, these numbers fell drastically to about 35,000 in...

March 10, 2014

Why Businesses Need to Constantly Grow and Improve

In my career as a CPA, I have seen many successful organizations. All of these prospering companies have one thing in common – they are continually seeking growth and improvement. They are driven by leaders who want to be...

March 3, 2014

Mowery & Schoenfeld is a Millennial Firm

Mowery & Schoenfeld is very unique among CPA firms as 28 of the 55 people in our firm were born after 1980. Many traditional CPA firms are dealing with succession planning issues as their partners near retirement age. Our...

February 24, 2014

Federal Law Change Affecting Businesses

I recently wrote a letter to clients regarding the IRS issuing long-awaited Regulations on the tax treatment of amounts paid to acquire, produce, or improve tangible property. The Regulations explain when payments can be deducted, which payments confer an...

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Matter & Substance

Thoughts from our industry to help Businesses and Individuals

Thoughts from our industry
to help Businesses and Individuals