April 20, 2023
WHAT A RIDE ... THANK YOU!
— A Message from Tom Sponsel —

I will be retiring from the firm effective May 31, 2023.

On September 2, 2009, we embarked on a journey of building a successful business enterprise that would be based on trust and mutually beneficial relationships with an energized entrepreneurial team that had a vision — which we believed included a better way of conducting business as a CPA firm.
RISK MANAGEMENT — LESSONS LEARNED

By Lisa Blankman, CPA
Senior Manager, Audit & Assurance Services

At the beginning of the year, the global consulting firm Protiviti projected 2023 to be the riskiest year in the 11 years it has conducted its annual risk analysis survey. Top risk factors included talent acquisition and retention, increased labor costs, resistance to pandemic related changes (remote working, virtual meetings, etc.) and increased training time.

A prudent business leader proactively plans for managing risks like these. "Managing" is the key word, as leaders ideally need to stay ahead of those risks rather than waiting to recover from them.
DISASTER RECOVERY: WHAT IS YOUR PLAN?

By Eric Woodruff, CPA, CCIFP
Partner, Director of Audit & Assurance Services

As of early April, a total of nearly 400 tornadoes had swept through the nation in 2023. Since we're in the midst of tornado season, now is a good time to discuss disaster recovery planning in general.

Every company — big or small — should annually update a written Disaster Recovery Plan with clearly prescribed procedures to mitigate major disruptions to their business.

EMPLOYEE SPOTLIGHT: GRANT BRANSON

Grant Branson started with the firm as a busy season intern and joined full time in 2021 as an Audit & Assurance Services Staff Accountant. Prior to becoming part of the Sponsel team, he graduated with a bachelor's degree in accounting and finance from the Kelley School of Business at IUPUI.

As an Audit & Assurance Services staff member, his duties include audits, reviews and compilations for clients across a broad spectrum of industries. With his own experience as an intern, he has been extremely helpful in coaching our recent interns the past two busy seasons.
A Few Notes
We want to thank our team members and their families for their patience, understanding and hard work during this year’s busy season. Your support makes our service delivery process run smoothly, and we greatly appreciate knowing we can count on you during this time.
 
We especially appreciate this support and flexibility as we work through filing extensions due to the state’s new Pass-Through Entity Tax law. We appreciate your continued patience while the Indiana Department of Revenue releases guidance on the retroactive implementation of this legislation. For more information on this law, click here.
 
Our office will be closed on Friday April 21, as our team takes a well-deserved day off!