Clayton & McKervey named to Accounting Today’s Top Firms – Great Lakes Region

Southfield, Mich.—March 26, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, is pleased to announce it has been included on the list of Top Firms in the Great Lakes Region by the accounting profession’s leading trade publication, Accounting Today. The list was released as part of Accounting Today’s annual listing of the Top 100 Firms in the nation. The Top Firms: Great Lakes considers public accounting firms based in Indiana, Michigan, Ohio and Wisconsin.

“Clayton & McKervey is so pleased to be included on this list of top firms in the Great Lakes region,” Clayton & McKervey President Rob Dutkiewicz, CPA, said. “With a focus on entrepreneurial, global growth-oriented clients, we bring a unique perspective to the business marketplace – and our clients are responding and driving our own business growth. This recognition presents a great opportunity to thank our clients and also acknowledge the terrific efforts of the entire Clayton & McKervey team.”

Clayton & McKervey clients include privately held companies and systems integrators. Services offered include tax, assurance, accounting, consulting and international services, including transfer pricing, international tax, foreign direct investment and global expansion. International practice areas include Mexico and China. Within its consulting services, Clayton & McKervey has a growing transactions services practice and also offers business planning and succession and exit strategies.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

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Roger Webster named MISHRM’s director of resource partners

TROY, Mich., January 28, 2019 – Rehmann’s Roger Webster was named the director of resource partners for the Michigan Society of Human Resource Management (MISHRM).

MISHRM supports education to HR professionals including the importance of developing relationships with the companies that offer solutions in these functional areas. Companies aligned with MISHRM are recognized as important resources that every HR professional should be familiar with, in order to accomplish their jobs and support their organizations.

Currently, there are over 15,000 HR professionals in the state of Michigan with approximately 3,000 of those being members of SHRM Chapters throughout Michigan.

Webster will be responsible for maintaining and expanding Resource Partner membership for MISHRM.

“The goal is to provide valuable resources to the members of the SHRM councils throughout the state of Michigan,” said Webster. “We want this relationship to be beneficial to SHRM members and strengthen our networks by developing dynamic relationships with companies that provide HR solutions.”

Beginning his employee administration career in 1995, Webster has tremendous experience in the HR, payroll and benefits outsourcing arena, performing in sales, marketing and sales management roles. He currently leads the HR solutions department at Rehmann.

A graduate of Western Michigan University, Webster is a member and former board member of the Detroit Society of Human Resources Management.

About Rehmann

Rehmann is a fully integrated financial services firm of CPAs & consultants, wealth advisors and corporate investigators dedicated to providing clients proactive ideas and solutions to help them prosper professionally and personally. Additionally, through a unique combination with Trivalent Group®, a top 100 managed IT service provider, we have expanded our technology capabilities and launched a managed IT solutions practice. Rehmann has nearly 900 associates in Michigan, Ohio and Florida. Rehmann is an independent member of Nexia International, offering clients a global approach. Find us online at rehmann.com.

Contact: Holly Shier
248.458.7923
holly.shier@rehmann.com

Clayton & McKervey: “R&E tax credit is a ‘smart’ incentive for Industry 4.0 companies to improve financial performance”

Southfield, Mich.—December 13, 2018—Automation continues to revolutionize the economy, but many thriving companies are not utilizing federal and state tax credits and incentives in the area of research and development that support Industry 4.0 adoption and growth, according to Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit. Sarah Russell, CPA, a Clayton & McKervey shareholder who advises clients on Research & Experimentation tax strategies, believes there has never been a better opportunity for businesses—including “smart” manufacturers—to explore and capitalize on these cash savings.

“Real-time data, combined with an understanding of the impact of tax credits and incentives, can often make a business more nimble and competitive,” Russell said. “The Research & Experimentation (R&E) tax credit, also known as the R&D tax credit, has given businesses a powerful tool to strategically improve their bottom line, but it is often overlooked or unclaimed—even with the new tax law.”

The R&E benefit is available for the development or improvement of products, processes, techniques, formulas, inventions or software and is a dollar-for-dollar credit against the taxpayer’s federal income tax liability, which means companies may get a twofold benefit—the deduction in the year the expenditure is paid, as well as by claiming the tax credit.

Tim Finerty, CPA, a Clayton & McKervey shareholder who addresses the needs of growth-driven businesses in the manufacturing, system integrator, distribution and service related industries, says that some of the best candidates for the R&E tax credit are companies that have business related to technology, industrial production and design, but also some machine shops, tool and die shops, and custom machine manufacturers.

“S-corporations, start-ups and partnerships in the business of improving industrial production processes through controls, automation or system integration should definitely consider the R&E tax credit,” Finerty said, “but many of these businesses are thinking about converting to a C-Corp structure under the new tax law.”

Before a change in structure, Finerty cautions that additional factors should be considered like whether the business qualifies for the pass-through deduction; if the business generates research credits; whether the business will pay dividends to its owners; and the long-term exit strategy of the business.

“The answer lies in the way the tax law is written,” Finerty said. “R&E credits generated by a business can be used to offset any income generated from that same business activity, so converting to a C-Corp may not be the best solution.”

Russell and Finerty outline examples of Qualified Research Activities (QRAs) under the R&E credit:
• Providing custom control and automation solutions for various applications
• Developing new functionality or performance to meet customer specifications
• Development of schematic drawings for integration of system components
• Designing and developing cost-effective and innovative operational processes
• Developing new tool-specific fixturing or other tooling
• Improving processes through robotics or other types of automation techniques
• Experimenting with new alloys or other materials
• Testing new mold/die designs through sampling or trial
• Providing product and system solutions, including design engineering and mechanical fabrication
• Performing evaluations and system test
• Implementation of automated systems

There may also be Qualified Research Expenditures (QREs) if companies can substantiate how the expenditures are connected to the qualified activities including:
• Qualified Wages of Employees performing qualified activities, supervising qualified activities and supporting qualified activities
• Supplies used to fabricate prototypes/items consumed during the conduct of research
• Contract Research–65 percent of fees paid to outside consultants/subcontractors/ engineers/software developers
• Estimates are allowed, however documentation of how the estimates were determined must be provided and reasonable methods must be used

Tax savings can be extensive; for example, one Clayton & McKervey client that designs, manufactures and installs purification systems tallied an approximate R&E tax credit of $1 million for 2014-17; another client who manufactures and installs integrated cleaning solutions for industrial applications will get a $475,000 in an R&E tax credit. Other examples of companies benfitting from the R&E tax credit are a designer and manufacturer of custom container and packaging products that saved almost a half-million dollars and a company that designs and builds custom conveyor systems that saved $1.4 million over three years.

“It’s definitely worth it for companies, especially those who have moved forward with an Industry 4.0 approach, to take a second look at its qualified research activites to make sure it’s receiving all the money it can,” Russell said.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

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Clayton & McKervey presents Brexit and Cross Border Opportunities at special lunch and learn event on Nov. 12 at Automation Alley

Southfield, Mich.—Oct. 22, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announces a lunch and learn titled ‘Brexit and Cross Border Opportunities’ on November 12, 2018 from 11:30 a.m. to 1:30 p.m. at Automation Alley in Troy. The event is designed for business owners expanding globally, as well as economic developers looking for deeper insights on trade and related international topics.

For the event, Clayton & McKervey will be partnering with PrimeGlobal, one of the five
largest associations of independent accounting firms in the world, comprised of approximately 300 successful independent public accounting firms, including Clayton & McKervey, in more than 80 countries. Clayton & McKervey President Rob Dutkiewicz is member of the North America board of directors of PrimeGlobal. International accounting professionals Ulrich Britting, Owner of Best Audit, Germany, and Robert Lissauer, Director Taxation & International Advisory at Hall Chadwick, Australia, both members of Prime Global who are visiting the U.S., will discuss the changing environment for cross border trade, with special attention on their home countries.

Global business topics planned for discussion include:
• Brexit—not just a UK issue
• Global market conditions
• Free trade agreements
• China dynamic
• Impact of U.S. tax changes

There is no charge for the event, but pre-registration is required and can be completed through the Clayton & McKervey website. Automation Alley is located at 2675 Bellingham, Troy, MI 48083

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey shareholder appointed to national AICPA committee

Southfield, Mich.—Oct. 12, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce that shareholder Julie Killian has been appointed to the Technical Issues Committee (TIC) of AICPA’s Private Companies Practice Section (PCPS). This national committee is made up of CPA practitioner volunteers who work to represent the views of local firms and their clients in the standards-setting process. TIC monitors the activities of the various standard setting boards including the FASB, GASB and ASB, as well as other AICPA senior committees, and submits comments and recommendations to the standard setters as the collective voice of small and medium-sized firms, as needed.

Killian, who joined Clayton & McKervey in 2012 as a principal in the assurance department, was named a shareholder in July 2018. In leading the firm’s audit practice, Killian works with owners, CFOs and controllers of closely-held companies with operations in the United States, as well as international companies in Europe, Asia and Mexico. She is focused on the technical and compliance aspects of reporting, including audits and reviews of corporate financial statements and audits of employee benefit plans. She also offers assurance services such as review of internal controls and performance reporting. Additional areas of expertise include U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), AICPA Financial Reporting Framework for Small and Mid-sized Entities (FRF-SME) and the updated revenue recognition standard released by the Financial Accounting Standards Board (FASB) in 2015.

Killian is active in other business and professional organizations, serving on the Michigan Association of Certified Public Accountants (MICPA) Employee Benefits Task Force and the MICPA Audit Committee, and is involved in the French American Chamber of Commerce and the German American Chamber of Commerce. She holds a Bachelor of Arts in Accounting from Michigan State University and IFRS certification from the American Institute of Public Accountants.

About AICPA
The world’s largest member association representing the accounting profession, the American Institute of CPAs has a history that stretches back to 1887 of serving the public interest. Today, there are 431,000+ members in 137 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting. For more information, visit https://www.aicpa.org/.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey Director of Marketing named to new Crain’s Detroit Business Notable Women in Marketing List

Southfield, Mich.—Oct. 8, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce that Denise Asker, Director of Marketing, has been selected for inclusion in the Crain’s Detroit Business inaugural Notable Women in Marketing list, featuring acclaimed women marketing professionals from throughout Michigan working in the private and public sector, including professional service firms, non-profits, academia and utilities.

The women marketing professionals were selected based on their career accomplishments, involvement in civic and non-profit activities and mentorship of others in the field. Crain Content Studio worked with advisors in the marketing field to review nominations and select the final honorees. Asker’s profile on the list can be viewed here.

At Clayton & McKervey, Asker is responsible for ensuring that the firm’s leadership teams and their staff achieve their marketing goals. Since joining the firm in 2015, she has introduced multiple new marketing programs, including extensive use of video, social media, thought leadership PR and recruitment-focused marketing. She also leads the firm’s professional development efforts as it relates to marketing training, ranging from a progressively challenging curriculum for staff and formal sales training for the management team. She coordinates the efforts of multiple external marketing agencies on behalf of the firm, including a PR agency, graphics and social media agency, a website development agency and video studio; all but one of these relationships began under Asker’s direction. She also retained and manages the firm’s outside sales coach. Prior to joining Clayton & McKervey, Asker was the Director of the Auburn Hills Chamber of Commerce, which was named Michigan Outstanding Chamber of the Year in 2015 under Asker’s leadership.

Asker is active in civic and professional activities, including the Association for Accounting Marketing (AAM), where she serves on the strategic communications committee and on the planning committee for AAM’s Winning is Everything conference. She is also a member of PrimeGlobal’s marketing industry group. Asker holds a Master of Management from Walsh College and a Bachelor of Arts in Public Relations from Wayne State University. She is a resident of Grosse Pointe.

Asker joins Clayton & McKervey colleague Margaret Amsden CPA, on the Crain’s Detroit Business Notable Women lists. In May 2018, Amsden was named to the Notable Women in Finance list. Her profile can be viewed here.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

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Clayton & McKervey promotes three to senior manager

Clayton & McKervey, a certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace, announces that David Van Damme, Catherine (Katie) Faysal, and Ben Smith, all certified public accountants in the Assurance Department, have been promoted from Manager to Senior Manager.

Smith joined Clayton & McKervey in 2008 and is key to the firm’s transaction services team. He also leads the firm’s technology initiatives. Smith specializes in growth driven business tax planning and consultation, accounting support services including operational and owner reporter packages, financial statements and agreed upon procedures reporting. He is a member of the Association for Corporate Growth, the Michigan Association of Certified Public Accountants (MICPA) and the American Institute of Certified Public Accountants (AICPA). He also serves on Oakland University’s Accounting and Finance Advisory Board. Smith holds a Bachelor of Science in Accounting from Oakland University and is a resident of Royal Oak.

Van Damme also joined Clayton & McKervey in 2008. He specializes in audits of closely-held companies, internal controls analysis, fraud/data extraction analysis, financial statements and agreed upon procedures reporting, financial reporting automation and employee benefit plan audits. He is involved with the MICPA, MICPA Fraud Task Force, Turn Around Management Association and Risk Management Association. Van Damme holds a Bachelor of Science in Accounting from Oakland University and is a resident of Ferndale.

Faysal joined Clayton & McKervey in 2009 specializes in audits and reviews of closely-held companies, mergers and acquisitions, agreed upon procedures reporting, component audit reporting, AICPA Financial Framework for Small and Medium-Sized Entities and employee benefit plan audits. She is involved with the MICPA, AICPA, Turn Around Management Association and Risk Management Association and is a leader of Clayton & McKervey’s Women’s Network. Faysal holds a Bachelor of Arts in Accounting from Hillsdale College and is a resident of Novi.

The announcement of the senior manager promotions was made by Clayton & McKervey President Rob Dutkiewicz, CPA. “We are pleased to welcome Katie Faysal, David Van Damme and Ben Smith to their new roles as senior managers,” Dutkiewicz said. “They are impressive young leaders doing outstanding work for our clients.”


About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey shareholder named to New Crain’s Detroit Business Notable Women in Finance List

Clayton & McKervey, a certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace, is pleased to announce that shareholder Margaret Amsden, CPA, has been selected for inclusion in the Crain’s Detroit Business inaugural Notable Women in Finance list, featuring acclaimed women finance professionals from throughout Michigan working in the private and public sector, including at CPA firms, non-profits, academia and government.

The women finance professionals were selected based on their reputation for navigating and restructuring deals, leading and advising on mergers and acquisitions, finding new sources of revenue for their companies and clients and mentoring women in the workplace and community. Crain Content Studio worked with advisors in the finance field to review nominations and select the final honorees. Amsden’s profile for the Notable Women in Finance can be viewed here.

At Clayton & McKervey, Amsden leads the firm’s tax practice and is the point person for domestic tax strategies. She is also a member of the Transaction Services Team. Committed to cultivating a culture of learning in and outside of the firm, Amsden follows and interprets state and federal tax legislation and advises growth driven clients on tax advantages and best practices. She joined Clayton & McKervey in 1999. Amsden holds a Master of Science in Taxation from Walsh College, a Bachelor of Science in Industrial Management from Georgia Institute of Technology and a Certificate in Industrial and Organizational Psychology, also from Georgia Institute of Technology.

The Crain Content Studio recognition comes on the heels of Amsden receiving the Ilene Lanfear Heart & Soul award from the Boys & Girls Clubs of Oakland and Macomb Counties in March. Amsden began volunteering at the Boys & Girls Clubs of Oakland and Macomb Counties in 2007 and has served in a variety of roles, including board chair, trustee, treasurer and member of the finance committee, all the while mentoring, coaching and teaching the Clubs’ young members.


About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey’s Reach Beyond summer program invites college students to explore what it means to be a successful CPA

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, provides an exceptional educational opportunity to college students interested in pursuing public accounting as a career. Called Reach Beyond, the program connects undergraduates to Clayton & McKervey accountants and shareholders in their workplace setting, demonstrating what it takes to bring value to the firm’s clients.

Clayton & McKervey President Rob Dutkiewicz, CPA says the Reach Beyond program gives students who have a passion and drive for public accounting a unique inside look at the dynamic culture of the firm.

“Clayton & McKervey is a growth-driven organization, so we’re looking for students who want to go above and beyond, which ties in with one of our core values. We welcome students who want to see how we exceed the expectations of not only our clients, but of ourselves,” Dutkiewicz said.

Students in Reach Beyond will learn about career opportunities and the recruiting process, interact with experienced accountants working in a variety of service lines and have fun discovering what it’s like to work for an international firm with an entrepreneurial culture.

For juniors and seniors, Reach Beyond will take place June 5 and June 6, and applicants must meet the following requirements:
• Pursuing a degree in accountancy, with an interest in public accounting
• Current cumulative and accounting GPA of 3.2 or higher
• Actively involved in extracurricular activities
• Ability to participate on both days

For freshmen and sophomores, Reach Beyond will take place on July 19, and applicants must meet the following requirements:
• Pre-business or accountancy student, with freshman or sophomore standing
• Current cumulative and accounting GPA of 3.2 or higher
• Interest in pursuing opportunities in public accounting
• Actively involved in extracurricular activities

For more information about Reach Beyond, please visit https://claytonmckervey.com/careers/students/reach-beyond-program/. Students may also check with the career services office at their college or university. Applications are requested by March 30, 2018.


About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

 

Clayton & McKervey named a top workplace by the Detroit Free Press for 6th consecutive year

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce it has been named a 2017 Free Press Top Workplace. It is the sixth year Clayton & McKervey has been included on the Free Press list, which ranks the best places to work in Michigan. The firm was among the honorees recognized at the Top Workplaces 2017 Awards reception on Nov. 2 at the Troy Marriott.

“We are honored to be recognized once again as one of the top workplaces in Michigan,” said Clayton & McKervey President Robert Dutkiewicz. “Public accounting is a competitive field for talent and its important to our client service efforts that our staff see Clayton McKervey as a positive place to work and build a career.”

The Top Workplaces survey gathers employee responses and measures organizational health in four categories:
1. Alignment – being aligned as an organization
2. Effectiveness – executing effectively
3. Connection – genuinely and meaningfully connecting with employees
4. My Manager – managing employees well

Clayton & McKervey ranked in the top third of the small company category, notably receiving a 4.9 out of 5.5 for staff response to the “My Manager” query.

Clayton & McKervey promotes a collegial and responsive work environment. The firm, already an industry leader in promoting women to partnership and other roles of high-level responsibility, introduced the Women’s Network in 2016 to engage female leadership talent with a four-tier approach that increases access to role models; improves marketing opportunities; provides education and support for career advancement; and enhances the culture of the firm to ensure the successful retention and recruitment of women.

In addition, Clayton & McKervey’s young leadership training program taps employees before they are managers and turns them into the firm’s leaders of tomorrow through technical training and leadership conferences, off-site learning, daily mentoring and in-house coaching, and community involvement. The firm also emphasizes the importance of making time to have fun and connect outside of working hours to foster visible, deeper levels of engagement with each other and the community.

About Detroit Free Press Top Workplaces
The Detroit Free Press Top Workplace rankings are based purely on anonymous employee feedback provided in a survey asking about leadership, benefits, training and flexibility. Along with Workplace Dynamics, an independent research company, the Free Press evaluated responses to questions about culture, salary and benefits, workplace amenities, and reasons they value both their job and leadership. The survey also included a comment section capturing respondents’ views of their current employer. According to the Detroit Free Press, the Top Workplace recognition is about a company “winning a culture of respect and continued learning.” To see all Top Workplace rankings, click here.


About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.