In this episode of the S.R. Snodgrass podcast, Lenore Seifer welcomes back Brendan Whalen, Assurance Principal and Managing Partner at the Eastern Regional headquarters. They discuss the recent relocation to Conshohocken, Pennsylvania, and its significance for expanding S.R. Snodgrass' presence in the eastern U.S. regions.

00:00 Introduction and Welcome
00:20 New Office Excitement
00:54 Client and Market Expansion
02:15 Industry Opportunities and Growth
03:38 Talent Acquisition and Retention
04:48 Modern Office Amenities
06:57 Work-Life Balance and Flexibility
08:01 Employee Development and Culture
15:29 Conclusion and Farewell

For more information or expert assistance, please contact Brendan through the S.R. Snodgrass website or LinkedIn.

Website: https://www.srsnodgrass.com/
LinkedIn: https://www.linkedin.com/company/srsnodgrass

In this episode of S.R. Snodgrass's podcast series, Lenore Seifer welcomes back Kaitlyn Gasper, who has recently been promoted to principal in the risk advisory division. They take a deep dive into Bank Secrecy Act (BSA) model validations, emphasizing their importance, common issues identified, and examiner expectations.

00:00 Introduction and Welcome
00:17 Promotion Announcement and Team Introduction
00:31 Deep Dive into BSA Model Validations
00:40 Target Audience for BSA Model Validations
02:46 Differences Between BSA Audit and Model Validation
04:21 Third-Party Model Validation Explained
05:06 Getting Started with Model Validations
07:26 Common Issues in Model Validations
11:59 Examiner Expectations and Recommendations
13:22 Conclusion and Contact Information

For more information or expert assistance, please contact Kaitlyn through the S.R. Snodgrass website or LinkedIn.

Website: https://www.srsnodgrass.com/
LinkedIn: https://www.linkedin.com/company/srsnodgrass

Ian McDowell, Senior Vice President at S. R. Snodgrass, and Lenore Seifer, Director of Human Resources, welcome Jen Cryder, CEO of the Pennsylvania Institute of CPAs (PICPA). Jen shares her career journey from public accounting to becoming the CEO and discusses the evolving landscape of the CPA profession. She highlights the importance of advocacy, licensure changes, and the integration of technology in the field. The conversation also touches on challenges and opportunities for CPAs in Pennsylvania, the significance of collaboration with national organizations like AICPA, and the future outlook for public accounting.

Don't miss this insightful discussion on how CPAs can continue to thrive and drive trust, growth, and opportunity in the industry.

00:00 Introduction and Special Guest Announcement
00:50 Jen Cryder's Career Journey
06:57 Role and Impact of PICPA
09:38 Advocacy and Licensure Changes
19:14 National Representation and Collaboration
26:22 Future of the Accounting Profession
30:20 Conclusion and Final Thoughts

In this SR Snodgrass podcast episode, Lenore Seifer and Jeremy Burris discuss the imminent arrival of quantum computing, its significant impacts on technology and business, including Google’s recent advancements. 

They stress the importance for businesses, especially those reliant on encryption and data security, to update their control environments and conduct thorough risk assessments. 

By providing practical examples in areas like encryption, marketing, and HR, they show how quantum computing will drive efficiency and necessitate new strategies. Emphasis is placed on educating management and collaborating with capable IT vendors to navigate these groundbreaking changes.

00:00 Introduction to the Podcast and Guest
00:22 Understanding Quantum Computing
01:51 Quantum Computing's Impact on Security
02:45 Practical Examples of Quantum Computing
05:34 Preparing for Quantum Computing
10:12 Quantum Computing in Business Operations
17:20 Risks and Opportunities of Quantum Computing
20:55 Conclusion and Contact Information

In this latest episode of the S.R. Snodgrass podcast, HR Director Lenore Seifer is joined by Chuck Marston, President of S.R. Snodgrass, to discuss the significant tax policy proposals included in Pennsylvania’s 2025-2026 budget and their potential impact on banks and thrifts.

Watch and listen as they break down the acceleration of the Corporate Net Income (CNI) tax reduction and how it could make Pennsylvania more competitive, the proposed elimination of the PA Bank Shares Tax and Mutual Thrift Tax, shifting banks and thrifts into the CNI tax structure, and the introduction of mandatory combined reporting and its implications for financial institutions operating in Pennsylvania.

Takeaways:
•Pennsylvania’s CNI tax rate is on track to reach 4.99%, potentially benefiting businesses but posing new considerations for banks and thrifts.
•Moving banks into the CNI tax system would align them with most other corporations, but could create winners and losers depending on individual financial structures.
•Combined reporting could significantly alter tax liabilities, particularly for banks with holding companies or subsidiaries in other states.
•Pennsylvania’s banking community must closely monitor these proposals, as they could have lasting effects even if not passed this year.

Any questions? Visit our website and get in touch to learn more: www.srsnodgrass.com

In this latest podcast from S.R. Snodgrass, HR Director Lenore Seifer and Ian McDowell, Audit and Assurance Principal, discuss the latest updates from the Financial Accounting Standards Board (FASB).

Watch and listen as they break down complex accounting topics into practical insights, explaining how public business entities can navigate the nuances of segment reporting and ensure compliance.

Takeaways:

• Snodgrass goes beyond auditing financial statements by helping clients understand and implement FASB accounting pronouncements.
• FASB has released updates on segment reporting, a critical requirement for public business entities.
• Segment reporting involves disclosing how a company measures and manages financial performance internally.
• The firm simplifies complex updates into actionable guidance for clients.
• Snodgrass advises preparing an “accounting standard adoption” memo to document processes, conclusions, and analysis.
• Public companies must complete financial statement disclosures by March.

In this episode of the S.R. Snodgrass podcast series, HR Director Lenore Seifer interviews Connie Blatt, Small Business Accounting Support Supervisor. Connie shares her journey in public accounting, focusing on the unique and personalized approach Snodgrass employs to support small businesses, providing real-time assistance with QuickBooks, payroll, tax compliance, financial statements, and more. Watch and listen as Connie explains how Snodgrass often functions as a member of a client’s internal staff, ensuring all accounting needs are met promptly and efficiently, resulting in significant cost savings.

Timecodes:
00:00 Introduction to the Podcast
00:36 Meet Connie Blatt: Small Business Accounting Support Supervisor
01:49 Unique Approach to Client Needs
02:50 Comprehensive Services for Small Businesses
06:00 Cost Efficiency and Expertise
09:51 Transitioning to Our Services
14:53 Supporting Small Businesses Across Multiple States
15:09 Conclusion and Contact Information

In this latest podcast from S.R. Snodgrass, HR Director, Lenore Seifer and Brendan Whalen, Principal in the Audit and Assurance Group, discuss how the firm’s focus on team development and client relationships drives success. Watch and listen as they reveal how Snodgrass maintains a positive culture, adapts to industry changes, and supports ongoing growth and collaboration.

Takeaways:

• Snodgrass prioritizes the well-being and professional development of its team members.
• Continuous learning is a core value, with team members constantly growing their skills.
• The firm maintains excellent workplace balance and effectively manages busy periods.
• Snodgrass enjoys long-term relationships with clients, some spanning over 40 years, alongside a steady influx of new clients.
• The national average turnover rate for CPA firms in 2023 was 15-20%, but Snodgrass has achieved a low 4% turnover in the Philadelphia office.
• The firm’s culture is a key factor in its low turnover rate, avoiding rigid billing requirements and micromanagement.
• Flexibility is a priority, with options for flexible schedules, half-day Fridays during non-peak seasons, and a focus on professional accountability.
• The firm has an open-door policy, allowing everyone to interact with senior leaders and gain valuable insights.
• Employees value the collaborative office environment, choosing to be present not out of necessity, but because they enjoy working together.

In this latest podcast from S.R. Snodgrass, HR Director Lenore Seifer explores the firm’s unique approach to Tax Preparation and Planning with firm Principal and Director of Tax Services, Danelle Stewart.

Watch and listen as they discuss why Snodgrass has been the “go to” source for more than 175 financial institutions and dozens of other companies for nearly 80 years. You’ll get the story behind the firm’s unusually longstanding client relationships, low turnover, and commitment to investing in cutting-edge technology.

In this latest podcast from S.R. Snodgrass, HR Director, Lenore Seifer delves into the dynamic culture driving the firm’s success and future direction with President and Tax Group Principal, Chuck Marston.

Watch and listen as they discuss how Snodgrass has evolved over the years. From partner involvement in client work to strategic investments in technology and talent, discover how the firm is not just adapting to change but actively shaping its future in today’s ever-changing landscape.

Takeaways:

• The principals of the firm actively engage in client work, emphasizing a hands-on approach.
• There’s a direct connection between valuing employees and serving clients; the way you serve your clients best is by valuing your employees.
• Employees are assets, not expenses, benefiting both the firm and clients.
• Snodgrass invests in employees by adapting to their needs and fostering continuous learning and development.
• Positioned with strong values and adaptable structure, Snodgrass is prepared for future changes.
• Snodgrass is prepared to embrace AI when the time comes, understanding its potential impact on the firm’s operations.
• The firm plans to continue to grow and doesn’t shy away from investing in our future.
• Embracing uncertainty, Snodgrass positions itself to adapt and capitalize on future changes.