Critical Year End 2022 Tax and Accounting Considerations for Staffing Companies

Overview

Highlights

With the end of the year approaching, there are a litany of 2022 tax planning opportunities and accounting matters that staffing owners need to be aware of to minimize costs and to keep compliant with everchanging regulations.

In this webinar, experts from Citrin Cooperman’s staffing industry practice team will explore year-end tax planning strategies, common accounting errors in the industry, and the perils and pitfalls of state and local tax compliance, along with new financial statement pronouncements.

During this webinar, attendees will learn

• What tax minimization strategies to employ at year-end
• How to avoid the most common accounting and tax errors typically seen in the staffing industry and taking advantage of new tax savings opportunities
• How to navigate state and local tax compliance regulations, particularly for staffing firms operating in a remote work environment
• What new financial accounting lease standards affect the industry, and which other generally accepted accounting principles to be aware of within staffing company financial statements

Presenters

Brian J. (“B.J.”) Hoffman, CPA CFE

Citrin Cooperman Advisors LLC

B.J. Hoffman is a tax partner at Citrin Cooperman with over 25 years of experience in the areas of audit, tax, and litigation support. He serves clients in a wide range of industries, including closely held entities in staffing, health care, and franchising, as well as law firms. As a tax specialist and CFE, B.J. counsels clients with a range of strategies, including detailed year-end multi-jurisdictional planning, which helps clients reduce income tax exposure.
 

Michael Napolitano, CPA

Citrin Cooperman Advisors LLC

Michael Napolitano is a partner at Citrin Cooperman with over 25 years of experience providing counsel and services in areas of profit enhancement, budgeting, planning, and compensation restructuring, helping clients to operate more efficiently. As a practice co-leader of Citrin Cooperman’s Staffing Services Practice, Mike has a specialized focus in the staffing industry. Michael provides a balance of deep industry knowledge and insight, extending his services beyond financial statements and tax returns to help clients understand the impact of their decisions, as well as plan for their future success.
 

Michael Zyborowicz, CPA

Citrin Cooperman Advisors LLC

Michael Zyborowicz is a partner at Citrin Cooperman with 14 years of accounting experience. He provides general audit and business consulting services, as well as consultation on internal control matters and financial statement preparation to clients in the staffing, franchise, and construction industries. Mike provides staffing and executive search firm clients with industry benchmarking, profitability analysis, business planning strategies, and general business and tax advice.
 

Jaime Reichardt, J.D., CPA

Citrin Cooperman Advisors LLC

Jaime Reichardt is a state and local tax partner at Citrin Cooperman. In this role, he provides consulting advice to all different types of businesses and individuals on income tax, sales tax, gross receipts tax, property tax, realty transfer tax and credits and incentives issues. Jaime helps companies not only identify potential compliance issues and tax reporting exposures, but also assists with identifying and securing pro-active refunds, tax credits or abatements, and other incentive opportunities.
 

Alyssa Kaye, CPA

Citrin Cooperman & Co. LLP

Alyssa Kaye is an audit partner at Citrin Cooperman with 10 years of experience providing audit, assurance, and consulting services. Alyssa services a variety of industries including staffing, professional services, and franchising. She has experience providing audit, review, and compilation services to clients.