July 27, 2021
CHERISH LIFE OUTSIDE OF WORK AND SOCIAL MEDIA

By Lisa Purichia
Partner, Director of Accounting Services & Retirement Plan Services

Amid the hustle and bustle of our professional lives, many of us rely too heavily on social media to catch up on personal matters. Scrolling through the Facebook newsfeed and reading loved ones' statuses just isn't the same as connecting with them in person.

In many ways, COVID forced us to hit the pause button on life. Now that we're moving forward, it's time to live it to the fullest!

ARE YOU WINNING OR LOSING?

By Lisa Blankman, CPA
Manager, Audit & Assurance Services

In the business world, we tend to get in the habit of defining success too simply. We ask ourselves, "Are we winning or losing?" But there is a lot of gray area to explore in the middle of this black-and-white definition of success. Many times, a "loss" is a future pathway to future success!

First, make sure you're using the right metrics to measure your success. For a business owner, those would include gross sales, net profit, return on investment, etc. If you're an employee, you'll want to look at your hourly wage or salary over time as well as the number of bonuses you've earned in a specific period and when you will be eligible for a promotion.

KNOW WHAT YOU'RE GOOD AT — STAY FOCUSED!

By Brandon Cangany, CPA
Manager, Tax Services

In the wake of COVID, the business world is facing many challenges. Chief among them is the limited number of talent resources — all business owners are experiencing a shortage of labor at all levels. Given this shortage of labor along with supply chain disruptions, it may be important for you to narrow your scope of offerings and possible modify your business model. Customers still expect great service, so focus on those products or services that you are best at delivering and have the capacity to do so.

If you find yourself in the position of having limited talent right now, you'll obviously need to limit the products and services you offer. Focus on the ones that bring in the most gross margin and push the others to the side for the time being — or at least invest less time and energy in them.

EMPLOYEE SPOTLIGHT: WYATT ALTHOFF

Wyatt Althoff joined our firm last September upon graduating from Anderson University with a bachelor's degree in accounting and finance.

As a Staff Accountant, Wyatt's duties include audits, reviews and compilations as well as federal and state taxation, including compliance and planning for clients across a broad spectrum of industries.


Congratulations to Abigail Hedges!

Sponsel CPA Group is pleased to announce that Abigail Hedges has been promoted to Senior, Tax Services.

As a Senior, Hedges will assist Partner and Director of Tax Services Nick Hopkins and the rest of the tax team in meeting the tax planning and compliance needs of the firm’s business and individual clients.
 
"Abigail's strong drive to excel and exceed expectations has been clear from day one," Hopkins said. "She has been an anchor for us through this unpredictable past year of constant tax reform. Her Senior position is well deserved, and we're thrilled to continue working with her to keep our firm growing and thriving."

Enjoy the End of Summer Before School's Back in Session

Believe it or not, the end of summer is near, which means school will be back in session soon for some of your loved ones. Be sure to spend some quality time with them before they hit the books! Go to the pool, take a hike or enjoy a drive-in movie. Cherish the great outdoors before they head back to the classroom.