March 16, 2023
BEST PLACES TO WORK: SPONSEL CPA GROUP SCORES FIVE FOR FIVE

Sponsel CPA Group is now "five for five" in the annual ranking of the Best Places to Work in Indiana, making the list every year since 2019, when they first applied. This year marks the Indiana Chamber of Commerce’s 18th annual edition of this initiative, which annually recognizes only the top 125 Hoosier businesses ranging in size from 15 to 1,300 employees.

Sponsel continues to stand tall in the Small Company Group (less than 75 employees), even as more small businesses made the list this year than ever before.

MAKE IT EASY TO DO BUSINESS WITH YOU!

By Lindsey Anderson, CPA
Senior Manager, Tax Services

Many business owners are so focused on growing their list of customers or products and services that they forget to assess whether it's easy for prospective customers to do business with them. Have you ever called your office as a customer? Or tried to navigate your website to ask a question or order a product? You might learn a thing or two! Here are some factors to consider when building relationships with customers and trying to earn their loyalty.
YOUR PERSONAL FINANCIAL CONDITION IS IMPORTANT TOO!

By Leslie Munas
Manager, Tax Services 

Business owners' personal lives can often play second fiddle to their professional pursuits. But when it comes to personal finances, it's risky to ignore the need to monitor and manage them.

Preparing a personal financial statement on a regular, periodic basis is of vital importance. Avoiding this assessment of your personal financial condition may put you and your family at risk of financial instability, both for the short term and long term. You should analyze it and make sure your personal assets and level of liabilities are consistent with your goals and objectives. Oftentimes people don't want to prepare a statement, as they are fearful of what it might tell them. You must face reality.

EMPLOYEE SPOTLIGHT: ANDREW ALBERTSON

Andrew started with Sponsel CPA Group as a tax season intern in 2021 and joined full time after graduating with a bachelor's degree in accounting from Marian University. He works mainly within the Tax Services department.

Andrew has been part of the entrepreneurial world since he was just a teenager. At the ripe age of 17, he launched Furious Fireworks, which he still runs during the summers with his dad, brother and cousin in Huntington and an additional location in Marion. This summer marks the firework retail business' eighth anniversary!
April Tax Deadline — April 18th
Please remember that the deadline for filing personal tax returns this year is Tuesday, April 18. We ask that you get us your information as soon as possible so we can make this process as smooth as possible. Our staff appreciates your cooperation.
Indiana Pass-Through Entity Level Tax Signed into Law
Now that Governor Holcomb has signed this legislation (Senate Bill 2-SB2) into law, we encourage you to read our previous article on the effects of this law, "Taxation of Pass-Through Entities." This will result in a tax savings to many pass-through entity owners, but the retroactive effective date of January 1, 2022, will cause some implementation challenges in 2023.