Ernst & Young Acquires SMA

Big 5 firm, Ernst & Young, LLP (EY), just acquired the assets of Chicago-based Shipman Maison Associates (SMA). SMA provides software products that enable large corporations to screen and track employees and maximize tax incentives such as Work Opportunity Tax Credits (WOTC).

This is an opportunity for EY to provide an even stronger incentives offering for clients. There are many ways that employers can utilize employment related incentives from federal, state and local governments and the people at SMA will help the firm do just that.

SMA’s proprietary software, SMA Target (c) is the only available product with local computer service capability. The tool turns employee capital into a trackable asset, much like companies track financial assets. Employers will be able to cash in on government programs while analyzing training needs and monitoring employee stats.

This move was motivated by an all-time low unemployment rate and an emphasis that focuses on moving large numbers of poorly trained, low skilled workers into the work force. Government incentives are helping corporations take advantage of this hugely untapped employment pool. SMA’s software will ensure these corporations get the full benefits associated with their new hires.

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.